The Digitally Driven Triple Bottom Line: Part One – Economic Innovation

first_imgWe’ve considered the impact of the fourth industrial revolutionOpens in a new window[1] on changing business models and stiffening competition across all industries. Today we’ll look at how re-shaping your measures of success will be crucial to maintaining a competitive edge in the world of digital fusion.As the population of millennials becomes more influential and the middle class grows larger, people care more about the ‘goodness’ of a company. Is it socially responsible? Does it do its bit to protect the environment? If not, the perception of and loyalty to the brand will be damaged. For example, a company doing well financially may find itself heavily criticized for its approach to employee safety, its payment (or not) of taxes, or the pollution levels around its factories. These issues are not only a concern for the public relations department. Informed consumers will choose to do business with alternative suppliers who they view as more responsible. This is the thinking behind the triple bottom lineOpens in a new window[2], an increasingly important way of measuring business success. It covers three key areas:Economic – the traditional measure of financial successSocial – commitment to social responsibility both inside and outside of the companyEnvironmental – sustainable business practices and contribution to protecting or conserving resourcesDelivering against social and environmental responsibilities doesn’t necessarily mean compromising on profits. Verizon commissioned a study in 2015Opens in a new window[3], which revealed that corporate social responsibility (CSR) can help increase share price and revenue, as well as employee satisfaction, retention and brand reputation.In this and the next two blogs, we’ll consider each of the three bottom lines, in turn, exploring how digital fusion is shaping new business models and ways of working that can and will impact the role each bottom line plays in driving overall business performance. Let’s look first at the economic bottom line, and how it’s evolving in three ways.1. The Sharing EconomyThe sharing economy has taken many industries by storm in recent years. For example, Morgan Stanley Research recently found that almost half of vacationersOpens in a new window[4] replaced a hotel stay with an Airbnb visit in 2016. Another surveyOpens in a new window[5] showed that the average hotel room price was $125, whereas the average Airbnb room price was $145, so the choice wasn’t being made based on cost. Customers were choosing the service they found most attractive.Some incumbents in other industries – like large car manufacturers – are taking steps to resist being disrupted, and as a result, are driving further innovation. For example, GM invested $500 millionOpens in a new window[6] in car-share company Lyft in order to leverage the growth in this space initiated by Uber. Meanwhile, Ford has stated a goal to create fleets of for-hire autonomous vehiclesOpens in a new window[7] in Europe by 2021, which could, in turn, disrupt the whole car-share model.At the more high-tech end of things, Amazon is also operating this model by offering spare data center capacity for hire through its Amazon Web Services business, which has become a significant revenue driverOpens in a new window[8] in its own right.2. The Co-Creation EconomyMany organizations are now encouraging their customers to input directly into the design of new products and services, which are driving innovation in business models and processes as well. For example, DHL ran a customer workshop that developed the ‘Parcelcopter’Opens in a new window[9], a drone-based parcel delivery service. Today, last-mile drone delivery is being used by a number of companies, and it’s helped reduce delivery time from 30 minutes to eight minutesOpens in a new window[10].LegoOpens in a new window[11] hosts its own online forum for inventors and creators to submit ideas for new products. This use of collaborative digital platforms that enable customers and suppliers to communicate directly, is critical in this new collaborative business landscape. Another digital example of co-creation is the online app store model (like Apple App Store* or Google Play*), which allows app developers to incorporate user feedback into their offerings.Meanwhile, the ‘prosumer’ is making waves in the energy marketOpens in a new window[12]: Homeowners who create their own energy and sell any surplus back to the grid can benefit from cheaper (or free) energy, while the utility providers can use this extra resource to relieve demand pressure. Hobbyists and small-scale manufacturers can also get involved in bigger business by selling their creations through online platforms like Etsy, or by setting up in a local Maker SpaceOpens in a new window[13].3. The Experience EconomyThis is about moving up the value chain from selling commodities (coffee beans) to goods (ground and packaged coffee), to services (brewed coffee), to experiences (drinking a low-fat extra-hot vanilla latte while sitting in a comfortable armchair in your favorite coffee shop). Customers tend to pay more for an experience than a product, and they’ll be more loyal to it as well.An industry that has embraced this concept successfully is the fitness industry. While companies like Nike and Fitbit will sell you a fitness tracker and the technology that enables it, what they promote to consumers is the whole experience of living a healthy life and getting fit. Nike has even gone a step further and combined this experience with customer co-creation, enabling customers to design their own shoesOpens in a new window[14], which helped drive an increase of more than 30 percentOpens in a new window[15] in its direct-to-consumer business.A lot of airlines are doing it too, combating price pressure from low-frills competitors by offering a door-to-door travel experience. Rather than just offering a basic ticket, these companies include perks like a chauffeur-driven car to the airport, expedited security screening and a luxurious lounge at the terminal.Traditional businesses are increasingly using digitally enabled innovation to up their competitive game. Which of these economic innovations could you bring to your business? In my next blog, I’ll explore the social bottom line and how that is also important to your digital transformation plan. [1] The Fourth Industrial Revolution: what it means, how to respond, World Economic Forum, in a new window[2] Triple bottom line, The Economist, in a new window[3] New Study, Commissioned by Verizon, Addresses a Persistent Knowledge Gap by Analyzing the Financial Impacts of Corporate Responsibility Programs, Verizon, in a new window[4] Airbnb Is Becoming an Even Bigger Threat to Hotels Says a New Report, Skift, in a new window[5] The Impact of Airbnb on Hotel and Hospitality Industry, HospitalityNet, in a new window[6] GM invests $500 million in Lyft, Bloomberg, in a new window[7] Ford plans self-driving car for ride share fleets in 2021, Reuters, in a new window[8] AWS Will Take Amazon’s Stock Price Past $1,000, Reuters, in a new window[9] Customer Co-Creation Is The Secret Sauce To Success, Forbes,[10] DHL’s delivery drone can make drops quicker than a car, Wired, in a new window[11] in a new window[12] Reversing the Grid, 99% Invisible, in a new window[13] in a new window[14] in a new window[15] How NIKEiD Is Helping Nike’s Push For Greater Profits, Forbes. in a new window© 2017 Intel Corporation. Intel and the Intel logo are trademarks of the Intel Corporation or its subsidiaries in the U.S. and/or other countries. *Other names and brands may be claimed as the property of others.last_img read more

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National Boxing Championship: Paramjeet Samota overpowers Rambol, storm into semis

first_imgCommonwealth Games gold medallist Paramjeet Samota of Railways continued his winning streak as he overpowered Rambol of Madhya Pradesh to storm into the semi-finals in super heavyweight category at the 58th Senior Men’s National Boxing Championship in Chennai on Thursday. Samota will face Fateh Singh of Jharkhand in the semi-finals. In the 49kg category, 2009 Asian Championship silver medallist Services boxer Nanao Singh thrashed P Raghvan of Tamil Nadu 14-5 in quarter-final.last_img

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IPL sport-fixing: BCCI inquiry committee meets Shalabh Srivastava

first_imgThe BCCI on Wednesday began the probe into the spot-fixing scandal that has rocked the cash-rich IPL with one of the suspended domestic players Shalabh Srivastava deposing before the Inquiry Commission.Barely a day after the BCCI cracked the whip by suspending five tainted players in the wake of the television sting operation which claimed to expose corruption in IPL, Ravi Sawani, who is heading the inquiry commission, met Srivastava to hear his side of the story on the sting operation.The meeting, which took place at a five-star hotel, is learnt to have lasted for an hour.There was, however, no official word from the BCCI on the development.Sawani, a former chief of the ICC’s Anti-Corruption and Security Unit (ACSU), has been asked to submit his report to the BCCI’s Discplinary Committee within 15 days. Sawani is now the chief of the BCCI’s Anti-Corruption unit.Apart from Srivastava, the BCCI had yesterday suspended Mohnish Mishra, T P Sudhindra, Amit Yadav and Abhinav Bali with immediate effect pending inquiry. The decision was taken after a lengthy tele-conference of top BCCI officials and members of the IPL’s Governing Council.The Cricket Board had swung into action a day after the expose as the issue rocked Parliament and former players and cricket administrators called for strong action to rid the game of even a whiff of a scandal.Sawani will meet the other four suspended players in the coming days before finalising his report, a top BCCI source said.Television channel India TV had on Monday claimed to have blown the lid off “murky deals” in the IPL among players, organisers, owners and big guns of Indian cricket.The TV sting operation which was aired at prime time yesterday created a flutter in the Indian cricket establishment prompting the BCCI to react quickly.The channel had claimed it had done a sting operation in which many players confessed on hidden camera they get much more than their prescribed auction under the table.According to the channel, its operation also revealed that spot-fixing is not only prevalent in IPL but also that first class matches are fixed and women played an important role in match-fixing.The IPL’s Governing Council had sought video footage from the TV channel and is understood to have scrutinised the tapes before taking the decision of suspending the players.Srivastava, who deposed before the Commission today, is a left-arm seamer from Uttar Pradesh and was India’s highest wicket-taker at the Under-19 World Cup in Sri Lanka in 2000. After severing ties with ICL team Delhi Giants, Srivastava was signed up by Kings XI Punjab in 2011.Four of the five players suspended had played in the rebel Indian Cricket League.advertisementlast_img read more

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Seven Arsenal players including the likes of Danny Welbeck set to leave the club

first_imgAdvertisement AdvertisementSeven Arsenal players are set to leave the club as Unai Emery has his task cut out to build a strong squad.Arsenal are letting go of seven players from their current first team squad. This includes some illustrious players such as Danny Welbeck, Stephen Lichtsteiner and Aaron Ramsey. Danny Welbeck’s Arsenal career has finally come to an end after he was asked to leave the club following the club’s loss to Chelsea in the Europa League final. Welbeck joined Arsenal from Manchester United in 2014 and has often been used as an option from the bench. His career as a Gunner never got going as he faced various injury setbacks in the 5 years with the club. Aaron Ramsey will meanwhile join Italian champions Juventus on a free deal while Unai Emery isn’t keen on extending Stephen Lichtsteiner’s one year contract.Petr Cech will leave the club having retired from the game while youngsters Cohen Bramall, Charlie Gilmour and Julio Pleguezuelo will not be part of the club for the following season.Arsenal thanked the services of these players by letting out a statement that read: “We thank them all for their contributions to the club and we wish them every future success.”After missing out on Europa League success this term, Arsenal will now have to settle for the same competition for the upcoming season. They look to improve their squad and are currently linked to Belgium winger Yannick Carrasco.Also Read:Jose Mourinho expected to become next Newcastle United manager if Sheikh Khaled takes overlast_img read more

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Google builds new tool for small business owners

first_imgGoogle launched “My Business” last week, a platform that helps small business owners reach their customers.The tool brings previously released tools like Maps, Google+ business pages, and Insights in one interface.”The idea is to let small businesses manage their online presence in a single, consolidated way,” Jen Fitzpatrick, Google’s vice president of engineering and product management, told CNN Money.”Business owners are busy and many have said they’re overwhelmed by the technology out there. We spent time thinking about how to make things simpler to empower businesses to become successful online.”Google is right that small business owners are often confused by online tools that claim to help them reach and understand their customers. Google found that just over half of small businesses have a website, though many don’t know what to do with it.Google has released a number of tools to help small business owners over the last several weeks, including a way to connect local business pages (on Maps) with their Google+ page.But unlike Google+ Local, Google My Business gives an opportunity for businesses that aren’t based in any location (including freelancers) to build a Google presence by selecting the “Brand” option.One caveat: Google warns that My Business is not designed to bring up your page higher in search results. If only!Download the (highly-rated) App here or visit the tool for desktop here.last_img read more

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IPL 2018: Chennai Super Kings’ Kedar Jadhav ruled out of tournament

first_imgChennai Super Kings suffered a massive blow on Monday when their star batsman Kedar Jadhav was ruled out of the Indian Premier League due to a hamstring strain.Jadhav had pulled his left hamstring during the IPL 2018 opener on Saturday at the Wankhede Stadium where Chennai Super Kings defeated defending champions Mumbai Indians in a thrilling contest.Chasing 166, Chennai were out of the contest at one stage when they were reduced to 118/8 after Mayank Markande (3/23) and Hardik Pandya (3/24) struck crucial blows.A Mumbai victory was imminent but Bravo had other plans as he clobbered seven sixes to and three fours to bring CSK back in the game from a hopeless position.Bravo fell to Bumrah with seven runs needed off seven balls. Jadhav, having retired hurt earlier, walked in as CSK’s last man. He struggled to time the ball but soon hit a six and a four to seal victory for CSK with one ball and one wicket to spare.”Big loss for us. [Jadhav] a very key player for us in the middle-order,” CSK’s batting coach Michael Hussey said on the eve of their second match.CSK take on Kolkata Knight Riders in their second match of the XIth season at the MA Chidambaram Stadium, Chepauk in Chennai on Tuesday.last_img read more

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WATCH: Classic Chelsea v Barca strikes

first_imgRonaldinho Gaúcho WATCH: My GOTW – Ronaldinho & Ramires battle for the best of Barca v Chelsea rivalry Goal 19:28 2/13/18 FacebookTwitterRedditcopy Ronaldinho 2005 Chelsea Getty Ronaldinho Gaúcho Chelsea v Barcelona Barcelona v Chelsea Barcelona Chelsea UEFA Champions League Videos Goal’s My Goal of the Week series returns to look at two classic Barcelona v Chelsea goals in Champions League history – but which was better? Chelsea vs Barcelona is a heavyweight tie in the UEFA Champions League, and it has produced some absolutely outrageous goals down the years.The two teams have met each other 12 times since 2000, and the Blues hold the better head-to-head record, winning four, losing three and drawing five in the modern era.And two of the most famous encounters, at Stamford Bridge in 2005, and Camp Nou in 2012, were the stage for two of the best goals ever scored in the Champions League. Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Brazilian legend Ronaldinho lit up London 13 years ago, jinking and twisting on the edge of the Chelsea box before firing home through a throng of defenders, leaving fans of both sides utterly bewildered.His compatriot Ramires followed suit more recently, stunning the Camp Nou into silence with an utterly delightful lob from a seemingly impossible angle as the Blues drew 2-2, earning a spot in the final in the process.As we’ve done throughout this season’s Champions League, we put the goals to two famous faces, Spencer FC and Seb Carmichael-Brown of Hashtag United, and asked them to put forward their cases in My Goal of the Week, brought to you by Nissan. Watch their debate in the video above. And now it’s your turn to decide: Ronaldinho or Ramires?Have your say now!Don’t forget you can vote for Goal of the Week from Thursday morning with Nissan!last_img read more

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Lewandowski, Pulisic & Bundesliga summer targets

first_imgBundesliga Lewandowski, Pulisic & 15 summer transfer targets in Bundesliga Ronan Murphy Last updated 1 year ago 21:00 3/2/18 FacebookTwitterRedditcopy Comments(0) Christian Pulisic Robert Lewandowski Split Getty Bundesliga Transfers Wolfsburg Hertha BSC Mainz 05 Freiburg Borussia Dortmund Bayern München Eintracht Frankfurt Köln Werder Bremen Hannover 96 Hamburger SV RB Leipzig Borussia M’gladbach Bayer Leverkusen Augsburg Hoffenheim Schalke 04 Stuttgart List Some of the German top-flight’s biggest names could be set to leave this summer, with many of Europe’s top clubs sniffing around the best talentlast_img read more

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10 months agoMan Utd midfielder Herrera unfazed by Athletic Bilbao interest

first_imgMan Utd midfielder Herrera unfazed by Athletic Bilbao interestby Freddie Taylor10 months agoSend to a friendShare the loveManchester United midfielder Ander Herrera remains unmoved by interest from Athletic Bilbao.United triggered the one-year option in Herrera’s contract last season, which means he could leave for free at the end of the current campaignAthletic’s newly-appointed sporting director, Rafael Alkorta, confirmed on Tuesday that the club were interested in bringing Herrera back to the San Mames.MEN believe that Herrera has not been swayed by the interest of his hometown club, where spent three seasons before joining United in 2014.Herrera has since made 177 appearances for the Red Devils. TagsTransfersAbout the authorFreddie TaylorShare the loveHave your saylast_img read more

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Board Dismisses Complaint Against School Board

first_imgAn independent human rights board of inquiry has dismissed a disability complaint filed by a Sydney woman against the Cape Breton-Victoria Regional School Board. Sue Anne Snow, a teacher’s aide, alleged the school board discriminated against her when it refused her requests to be assigned to a school in the Sydney area because her eye condition no longer allowed her to drive to work. Ms. Snow, employed as a teacher’s aide since 1997, claimed that board officials instead assigned her to St. Joseph’s Elementary School in Sydney Mines based on her low ranking on the seniority list. But board chair Peter Rogers concluded the school board had offered Ms. Snow a fair accommodation which would have permitted her to vary her work hours in order to conform with a public transit schedule. “I find that the school board was prepared to accommodate Ms. Snow by relaxing the normal hours of work for (teaching assistants) at St. Joseph’s in order to make Ms. Snow’s hours conform conveniently to the bus schedule,” Mr. Rogers said in his decision. “I do not blame Ms. Snow for wanting to work near her home in all the circumstances, but she did not have a legal right to that outcome in my opinion.” Mr. Rogers did point out that the school board was mistaken in its view of the duty to accommodate employees with a disability, indicating that the board did need to consider the impact of a change of work location on employees with disabilities. A complaint is referred to an independent board of inquiry when the Nova Scotia Human Rights Commission believes a prima facie case of discrimination is made after an investigation by a human rights officer. The chief judge of the provincial court selects a board chair from a roster and the commissioners ratify the nomination. The decision on the complaint is then in the hands of the independent board. Evidence collected during investigation of a complaint is presented at the hearing by the commission’s legal counsel. The complainant and respondent can make submissions and question witnesses. The board chair then decides whether discrimination has occurred. All parties have a right to appeal decisions of boards of inquiry to the Nova Scotia Court of Appeal. A copy of the decision is available on the website at read more

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Karnataka rebel MLAs cant be compelled to attend Assembly SC

first_imgBengaluru/ New Delhi: The Congress-JDS government in Karnataka is hanging by a thread Wednesday ahead of the floor test on July 18 with the rebel MLAs refusing to yield after the Supreme Court held they cannot be compelled to attend the assembly session to decide the ruling coalition’s fate.As the coalition with truncated strength struggled to shore up its numbers amid dimming hopes, the Supreme Court Wednesday ruled that the 15 rebel Congress-JD(S) MLAs “ought not” to be compelled to participate in the proceedings of the ongoing session of the state Assembly. Also Read – Squadrons which participated in Balakot air strike awarded citations on IAF DayThe court verdict was interpreted in political circles as a relief for the rebel lawmakers, as it categorically said an option should be given to them as to whether they wanted to take part or stay out of the assembly proceedings. The ruling coalition had held out the threat of using the Whip against the wayward MLAs, citing the disqualification provision under the anti-defection law. Armed with the court order, the rebel Congress-JDS MLAs camping in Mumbai said there was no question of stepping back on their resignations or attending the session. Also Read – Don’t use ‘lynching’ to defame India: BhagwatAs the spotlight turned on the Supreme Court, a bench headed by Chief Justice Ranjan Gogoi said the Speaker was free to decide on the resignations of the rebel MLAs within the time-frame decided by him. The apex court was hearing the plea of 15 rebel MLAs of Congress and JD(S), seeking a direction to the Speaker to accept their resignations from the Assembly. Karnataka Assembly Speaker K R Ramesh Kumar welcomed the Supreme Court decision, giving him the freedom to decide on the resignations of rebel MLAs, and said he would conduct himself responsibly in accordance with the principles of the Constitution. As many as 16 MLAs – 13 from the Congress and three from JD(S) – have resigned, while independent MLAs R Shankar and H Nagesh have withdrawn their support to the coalition government, putting the coalition government in jitters. Congress’ pointsman and minister D K Shivakumar maintained that the party can issue a whip to ensure the presence of all the party MLAs in the House. Happy with the verdict, Karnataka BJP president B S Yeddyurappa said it was a “moral victory” for the rebel MLAs. But the Congress in Karnataka slammed the Supreme Court order as a “bad judgment”, which seemed to protect the defectors and encourage horse-trading. See insidelast_img read more

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Torontoarea man charged with hate crime over alleged online comments

first_imgMISSISSAUGA, Ont. – A Toronto-area man has been charged with a hate crime after police allege he made a number of statements against the Muslim community online.Police would not say what the alleged comments were, only that they were made through social media over five months.Kevin Johnston, 45, of Mississauga, Ont., is charged with wilful promotion of hatred. He is scheduled to appear in court Monday.Johnston runs the website Freedom Report, but police would not say whether the charges are linked to that publication.Ontario’s attorney general, who gave consent for the charge to be laid, would not comment on the case.But he says the government takes hate crimes seriously.“In a multicultural and inclusive province like Ontario, the promotion of hatred stands in direct opposition to our fundamental values of equality and diversity. Hate divides people and communities,” Yasir Naqvi said in a statement.“Hate crimes are, by their very nature, serious offences because their impacts can be devastating, spreading from the individual, through the social fabric of our communities and society as a whole.”last_img read more

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Salma Hayek Launches CrowdRise Campaign To Help Victims Of Mexican Earthquake

first_imgActress, producer, and humanitarian Salma Hayek has launched a fundraiser on CrowdRise, part of GoFundMe, to help her native country Mexico after the devastating earthquakes.Hayek also donated $100,000 to the campaign.“The people of my country have now suffered three natural disasters in a row,” said Hayek on her CrowdRise campaign. “Many children and families are hurt and in terrible need. I’m contributing $100,000 now to UNICEF which has teams on the ground responding. Please join me and contribute what you can and thank you.”Hayek also included her note in Spanish and posted videos in both English and Spanish. All funds raised will benefit UNICEF.To learn more and donate to the campaign, click here.last_img read more

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British royal expert exposed as Tommy from New York

He said of Ms Markle in a video recorded outside Buckingham Palace: “She is loud, she is American, she fights for her cause. We don’t do that here.“We do things quietly with dignity.“Ms Markle is going to be a little bit challenged when it comes to that because she’s so used to doing things the American way, which is not the British way.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Wow! Read what Zeitblatt had to say about me and my converage of the Royal Weddging a week ago today! Congratulations to the Duke and Duchess of Sussex. @toryshulman @SchaumburgLippe @chrisshipitv @Caliativity @ThePerezHilton @reallorraine @BMSF_UK— Thomas J. Mace-Archer-Mills (@ThomasJMMADM) May 26, 2018 However, he later responded to the claims in the WSJ, saying: “The Wall Street Journal breached journalistic trust, omitted truths and mis-sold what the initial interview was for,” he said.”Many of the facts in the article are inaccurate and the Wall Street Journal itself was given many opportunities to ensure that the article was published with the most accurate information available. The WSJ chose not to adhere to the facts or their integrity.” Thomas Muscatello Thomas Muscatello Those watching the royal wedding on foreign channels may not have been surprised to see a ‘royal expert’ with a plummy voice and a triple-barreled name explaining the festivities to viewers.However, a man who calls himself Thomas J Mace-Archer-Mills Esq was reportedly not all he seemed.Mr “Mace-Archer-Mills” has built himself a relatively large media platform over the past few years, touting himself as an expert on the British royals, speaking in an English accent – but, according to US media reports, he is a New Yorker named Thomas “Tommy” Muscatello.Mr Muscatello appeared on multiple foreign networks over the weekend, wearing tweed and a bow tie, pronouncing his opinions on Prince Harry and Meghan Markle. Producers seemingly thought they were commissioning a bona fide upper-crust British man.His website lists scores of broadcasters who have enlisted his views on royal matters including many BBC radio stations, as well as many from around the globe. The “royal expert” was so widely-interviewed that one piece described him as “the most interviewed man” on the subject of the royal wedding. He retweeted this message to his followers.The Wall Street Journal reported the alleged true background of the 38-year-old Italian-American, who told the newspaper that he identifies more as British than American, and that he had been obsessed with the UK as a child.He said he made his surname using the “names of friends and distant relations” and that he has an agreement with two unrelated elderly British people who let him call them his grandparents. The Telegraph has contacted Mr Muscatello for comment.The WSJ said in a statement: “We stand by our reporting.” He told a US channel from a five-star hotel that the Duchess of Sussex should not upstage existing members of the royal family “especially when you’re coming in the way you are”.The royal enthusiast also told a Norwegian broadcaster that the marriage should be about “keeping integrity, keeping formality and making sure that the traditions and heritage that we have as British people remain at the forefront”. read more

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BM Ademar Leon sign left back Predrag Dacevic

ASOBALBM Ademar Leonhandballhandball transfersPredrag Dacevic ← Previous Story Jose Hombrados to Qatari Al Sadd for IHF Super Globe Next Story → Youth WCh 2013 in Hungary: Germans against Croatia, Spain VS Denmark for the FINAL! Spanish BM Ademar Leon find a way to make perspective squad for the upcoming season despite poor financial situation in ASOBAL. For the first time after many years, Ademar won’t participate at the VELUX EHF Champions League, but Spanish squad wants to make roster capable to play important role in the domestic competition with an objective to qualify for the handball club’s elite in the next season.The last newcomer is Serbian left back Predrag Dacevic (27), who is coming from Swiss team, Bern Muri. Dacevic has a lot of international experience. He played at RK Celje Pivovarna Lasko in Slovenia, German MT Melsungen and Macedonian RK Vardar. Dacevic also won Serbian title with RK Kolubara Lazarevac in 2010. read more

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Last chance to exit crisis

first_imgGreece’s IOBE think-tank urged Athens on Thursday to make radical reforms and stick to its bailout program, warning that it may be the country’s last chance to overcome its worst financial crisis in decades.The influential economic research institute projected the economy will contract less than it had previously estimated, helped by a better performance in the second quarter of the year, peak tourist season in Greece.In its quarterly report, IOBE said the economy would shrink by 1.5 to 2.0 per cent this year, less than forecast by Greece’s international lenders.It also said the economy could return to growth in the second half of 2016 provided the government takes steps urgently to shore up the battered banking sector, reform Greece’s ailing pension system and make the country more business-friendly.The €86 billion bailout Greece signed up to in August after protracted negotiations with its EU/IMF lenders gave the country two years to fix fiscal problems and make reforms, said IOBE, urging more political cooperation.“The continued Greek economic crisis cannot be overcome with minimal adjustments and tactics,” it said, adding that Greece needed to catch up with the rest of the eurozone. “Conditions for such a development are here, probably for one last time.”Parliament is expected to approve a set of austerity measures and reforms agreed with its EU/IMF creditors by Friday. The legislation must be passed for Athens to receive a positive first review under the bailout, which it hopes will open the way for debt relief talks.The government also wants to front-load privatisations to attract investment that will help Greece return to growth. The sale of Greek ports, airports and railways will be among its priorities, a senior government official told Reuters.The economy grew 0.7 per cent in 2014, emerging from a six-year recession during which national output shrank by a quarter, and expanded 1.1 per cent in the first six months of this year.Capital controls imposed in late June, new austerity measures in exchange for the bailout and damaged investor confidence were expected to hurt output in the second half of this year, the think tank said. But tourism revenues are expected to hit a new record high this year.“Economic growth by 1.6 per cent in the second quarter, slightly higher than expected, will mitigate recession for the full year,” IOBE said.Greece’s international lenders expect a recession of 2.3 per cent this year and 1.3 per cent in 2016.Source: Reuters, Kathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more

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Downtown Burgerville demolished

first_imgTwo backhoes took turns tearing down Vancouver’s oldest Burgerville restaurant on Monday, while nearby onlookers mourned the spectacle. “It will be gone by the end of the day,” said Linda Bozarth, a State Farm employee who works across the street from the East Mill Plain Boulevard and D Street hamburger stand.Bozarth said people already miss the restaurant, which closed on Sept. 4. “I’ve watched people drive up and when they get out to order their shoulders just slump” when they see the restaurant is closed, Bozarth said. “But that’s progress. What are you going to do?”The Vancouver-based chain sold the site for $750,000 in December to Vancouver-based developer Elie Kassab, of Prestige Development. Its tear-down will make way for a $16 million apartment and retail project, breaking ground in late October or November. To be called Prestige Plaza, Kassab’s two-building complex will have 92 residential units that will take up the full downtown block bordered by Mill Plain Boulevard, D, C and 13th streets. Restaurant or deliIn addition to Burgerville, much of the site was formerly occupied by the old Vancouver police station, which Kassab purchased and razed in 2007.Prestige Plaza will have ground-floor retail space fronting Mill Plain Boulevard and live-work spaces — apartments with storefronts — facing 13th Street. “There will be enough room for a restaurant or a deli and coffee shop” in the retail space, Kassab said. He anticipates high demand for the space in downtown Vancouver, increasingly popular as an up-and-coming area for urban living. “We expect those spaces to lease up quickly,” Kassab said.He expects rents will start at $700 per month for living units in Prestige Plaza.‘Sad to see’Downtown office worker Dani Lucas was saddened by Monday’s Burgerville demolition.“It’s just sad to see a landmark like that go away,” said Lucas, an accounting and quality control manager at the Jackson Hewitt Tax office across Mill Plain Boulevard from the Burgerville.Lucas said she frequented Burgerville as a child, although she rarely eats at the restaurant now because of its prices.“I don’t because the economy doesn’t warrant it,” Lucas said, staring out her office window at what was left of the cinder-block building, once known for its neon signs and glass-front row of ordering windows.last_img read more

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Mushers and Sled Dogs Start to Show Signs of Fatigue on the

first_imgIditarod mushers kept volunteers in the Nulato checkpoint busy overnight. Some teams that weren’t expected to stay grabbed a few hours rest in the sleepy Yukon River village, while others who could have used the rest decided to blow through.Martin Buser says his dog team didn’t have much of a challenge travelling down the Yukon River this year.“They were bored getting down that trail slow and steady and kind of a punchy, drifted trail,” he said.Jeff Kings feeds his dogs after their run into Nulato. Some teams stayed long in the sleepy village, while others pushed on down the trial. Photo by Emily Schwing, KUAC – Fairbanks.Buser’s quiet team curled up for a nap almost immediately after they arrived in Nulato.  Sonny Lindner arrived shortly after.  His dogs wolfed down the food he offered.  He says his dog team is showing signs of fatigue from the early rough trail.“That trail was really rough at the start and once you get on the good going, and everybody starts trotting right along then all those places that got sore earlier start showing up,” he said.Lindner spent his eight hour mandatory rest massaging sore shoulders and wrapping sore wrists. He could have waited to rest long in Kaltag, but he says Nulato is much quieter.Checkpoint volunteers were surprised when Aliy Zirkle announced she planned to stay for a few hours in. Her team came in alert, tails wagging. She stopped to make what she calls a “significant force reduction.”“I had to reduce my squad by two dogs: Joe Schmoe and Scruggs, so we made a significant equipment reduction. I just lost about 40 pounds off the back of my sled,” she said.Zirkle left behind all kinds of gear she doesn’t think she’ll need.  She says 12 dogs is actually the perfect number, plus it’s eight fewer feet to booty, two personalities less to deal with and a little less food to carry. As for the river travel, Zirkle says what’s normally a monotonous run seemed to go by quickly.“Yeah, I don’t feel like the river’s been that long for me this time,” Zirkle said.As teams come off the Yukon in Kaltag, they’ll tackle what is a reportedly snow free trail in place all the way to Unalakleet, but that’s nothing new for mushers this year.last_img read more

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Airlines ontime results among the best in 2 decades

first_imgAlaska Airlines jet. Photo shared via Wikimedia Commons.The nation’s leading airlines are posting some of their best-ever numbers for on-time performance in the second half of 2015.The Transportation Department said Monday that 87 percent of flights on the leading carriers arrived on time in October.That was the third-best month in the 21 years of comparable records, just ahead of September 2015 when airlines were punctual 86.5 percent of the time. The latest figure compares with 80 percent on-time rate for October 2014.Delta, Hawaiian and Alaska had the best ratings, while Spirit was the only airline with an on-time rating below 80 percent.Cancellation rates remain low as well. The airlines canceled 0.5 percent of their flights in October, second best to the 0.4 percent rate in September.last_img read more

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Harish Rao calls for Vruksha Bandhan

first_imgSiddipet: MLA Harish Rao conveyed Raksha Bandhan wishes to the people in his constituency on Wednesday. He explained the significance of the festival. He also called upon everyone to plant a sapling on the pious day and protect it. “Raksha Bandhan is a symbol of bond between brothers and sisters. Vruksha Bandan is a symbol of protecting environment,” he added.last_img

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