Regent St businessman dies in early morning accident

first_imgA three-vehicle smashup that occurred at about 07:30h on Monday at the corner of Camp and Middle Streets, Georgetown has resulted in the deaths of 45-year-old businessman Derek Mangal and his beloved “towa towa” bird. According to eyewitnesses, white Toyota Allion motor car PPP 3751 was proceeding west along Middle Street when its young female driver reportedly failed to adhere to the traffic lights and thus collided with Toyota Raum PPP 9843, heading in a northerly direction along Camp Street. The impact caused the Raum, driven by a 26-year-old male, to spin and hit Mangal, who was driving motorcycle CF 4958 at the western junction of Middle and Camp streets.Rushed to the Georgetown Public Hospital (GPHC) by public-spirited persons, Mangal was pronounced dead on arrival.Unharmed, the drivers of both vehicles were taken to the Brickdam Police Station, where the female driver is said to be speaking only through her lawyer and has allegedly provided very little information.The late Derek Mangal, of Lot 799 Diamond Housing Scheme, East Bank Demerara, had owned a store in the Regent Multiplex Mall.The Police have, in a statement, revealed that both drivers are in custody assisting with investigations. Their investigations have thus far revealed that motorcar PPP 9843 was proceeding north along the western carriageway whilst motorcar PPP 3751 was proceeding west along Middle Street; and both drivers failed to stop at the intersection, which resulted in the front of PPP 3751 colliding with the right side of PPP 9843.The impact caused the latter vehicle to spin around and collide with Mangal, who was driving his motorcycle east along the northern side of Middle Street. Knocked off his motorcycle, Mangal received head and body injuries, and those are suspected to be the cause of his death. A post-mortem is expected to be performed later this week.“The Allion was supposed to stop, because the stoplight was blinking red and the stoplight for the Raum was amber, so he was proceeding. But she (Allion driver) ‘jump the light’ and hit the Raum, and the vehicle spin about two times and then the back of the car hit the man off he motorbike,” an eyewitness told this newspaper at the scene.“When the man fall down from his motorbike, he had some wounds on his head because he was not wearing a helmet, but he wasn’t bleeding from the wound. I think that he had internal injuries, and that is why he died so quickly,” the eyewitness posited.When this publication visited the scene, Mangal’s birdcage was still there with his dead bird inside, and the Toyota Allion vehicle was also still at the accident scene. However, the number plates were removed from the vehicle.According to the dead businessman’s daughter, Diandra Mangal, her father would usually go to the National Park and jog, and he was just following his daily routine when the accident occurred.“We get a call and say that my father was in an accident, and we rushed to the hospital; and when we reach there, they told me that my father had passed away and that we have to identify the body. After we finish identifying the body, we had to come to the police station to give statements,” she said.She added that her father would usually take his bird to ‘walk’ with him and would later go to the Regent Multiplex Mall to open his clothing store.The dead man’s wife was inconsolable when she visited the scene of the accident. Mangal, described as a jovial person, leaves to mourn his daughter and wife. (Lakhram Bhagirat)last_img read more

EU apologises for $348B sugar money mistake

first_img…says Guyana received only .8BThe European Union on Tuesday corrected the misinformation that has caused much controversy between the Government and Opposition over the budget support to the local sugar industry.Government’s chief spokesperson, Minister of State, Joseph Harmon had called out the People’s Progressive Party/Civic (PPP/C) last week to explain what it is the Administration did with the $348 billion it had received from the EU. However, according to the EU Guyana only received $34.8 billion.EU Ambassador to Guyana, Jernej VidetičHe was at the time drawing reference to the PPP/C stint in office during which time the EU had turned over to Guyana through several tranches, budget support to the local sugar industry as a result of the unilateral changes made in the preferential arrangement with Guyana and the EU for the purchase of sugar under the African, Caribbean and Pacific Group of States (ACP) sugar-producing countries pact.MisquotedThe misquoted figure originally disseminated by the EU was picked up by the Minister of State who proceeded to chastise the PPP/C during a post-Cabinet briefing.He said that the 348 was not channelled to the sugar industry.However, the local EU delegation by way of a public missive on Tuesday sought to clear the air and has since apologised for the inconvenience caused.According to the EU statement, the figure of €166,667,000 was given as the amount granted by the EU in budget support to the sugar industry in Guyana between 2006 and 2013.“While this is the correct figure, the corresponding amount in Guyana dollars was inadvertently given as GYD$348.5 billion, when it should have been approximately GYD$34.85 billion (depending exchange rate used)…Therefore, the amount allocated in budget support to sugar by the EU from 2006 to 2013 was €166.67 million, or in Guyanese dollars GYD$34.85 billion.”Responding to Jagdeo’s call for further inquiries into Government’s excesses, the State Minister at the time suggested that an inquiry into the Budget support from the EU would uncover what went on.According to Harmon, “if you inquire into this, you will find that the bulk of this money went elsewhere.”FalsehoodIn fact, Jagdeo rejected the statements as a “total falsehood”, stating that the contention being peddled that the EU paid to Guyana that huge sum of money as compensation for the 36 per cent cut in preferential market prices for sugar is far from the truth.The former Head of State pointed out that the total sum paid to Guyana was approximately $30 billion. “Indeed, the final instalment of G$5.4 billion was paid to the coalition Government in October last year.The sum of G$348.5 billion is over ten times the sum actually received by Guyana,” he said in a statement.Further, more than $30 billion was spent by the PPP/C Administration on the Skeldon Factory alone, Jagdeo said, while making a commitment to address this issue more expansively upon his return to Guyana later this week.The EU announced the closure of its funding programme, which saw Guyana benefiting from billions in budgetary support to aid in sugar sector reform.EU Ambassador to Guyana, Jernej Videtič said while the last grant was issued in 2013, it was not released to Guyana until last year after the country failed to meet the necessary criteria required.The EU Sugar Grant was established to compensate for the 36 per cent cut in preferential market prices after the World Trade Organisation (WTO) had ruled that the preferential market access violated global free trade rules.A total of 1.28 billion euros were allocated for disbursement to the sugar protocol countries benefiting from the programme to help them adapt to the new market conditions. Guyana received its first instalment in 2006.last_img read more

Giroud aims to extend FA Cup love affair with Chelsea

first_imgChelsea’s title defence never really got off the ground this season and they remain five points off the top four despite beating Burnley on Thursday but Giroud knows the importance of fighting for cup success.“I signed here to win trophies. If I win it again, it would be my fourth FA Cup in five years,” said the Frenchman, whose side would face Manchester United or Tottenham in the final if they beat relegation-threatened Southampton.“I want to carry on the good momentum because I was unbeaten at Wembley with Arsenal and I want to do it with Chelsea too.“Of course the FA Cup is very important. Since I have been in England everyone talks about the Premier League but the FA Cup is massive as well. I understand that and I really want it for the fans.”Giroud, 31, said Chelsea could compete strongly in the Premier League next season despite the disappointments of the current campaign but the club want to finish the season on a high.The forward lined up in a front two with Alvaro Morata at Turf Moor, a combination that showed signs of promise without either man getting on the scoresheet.The Frenchman was supportive of his Spanish team-mate, happy to act as a foil rather than a rival.“We haven’t played together much but it is easy to play with this kind of player, we can find each other easily on the pitch,” he said.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Chelsea forward Olivier Giroud is targeting a fourth FA Cup in five years © AFP/File / Glyn KIRKLONDON, United Kingdom, Apr 20 – Chelsea striker Olivier Giroud is aiming to extend his love affair with the FA Cup as Antonio Conte’s men prepare to face Southampton in Sunday’s semi-final.Giroud lifted the trophy with Arsenal in 2014, 2015 and 2017 before his Stamford Bridge switch earlier this season and is hungry for more Wembley success with the Blues.last_img read more

Neymar injury mars PSG victory over Marseille

first_img0Shares0000Neymar was visibly in pain after turning his ankle, making him a doubt for the Real match © AFP / GEOFFROY VAN DER HASSELTPARIS, France, Feb 26 – Neymar was worryingly stretchered off with an ankle injury on Sunday, marring Paris Saint-Germain’s 3-0 victory over Marseille that increased their Ligue 1 lead to 14 points.Just 10 days before the French leaders’ Champions League last 16, second leg against Real Madrid, there was concern over the world’s most expensive player as Neymar was carried off 10 minutes from time. The 26-year-old was on his own when he innocuously rolled his ankle and flopped to the ground in pain.“Neymar already had a swollen ankle,” PSG skipper Thiago Silva told Canal+.“I’m not a doctor, but I don’t think he’ll be available on Wednesday (when PSG face Marseille again in the French Cup). “He has to rest.”It was an otherwise easy night for the big-spending Parisians as teenager Kylian Mbappe became the youngest scorer in the French ‘Classique’.Uruguayan goal-machine Edinson Cavani was also on the scoresheet while Neymar had a hand in PSG’s other goal.With Monaco drawing 3-3 at Toulouse on Saturday and Lyon held 1-1 at home to local rivals Saint-Etienne earlier on Sunday, it meant none of PSG’s three nearest challengers managed to win.Monaco remain second with Marseille third, two points behind, and Lyon a further five adrift.This result was never in doubt and PSG coach Unai Emery even had the luxury of bringing off Mbappe, 19, after an hour to give Argentine international Angel Di Maria a half-hour run out — Emery may now be wishing he’d chosen to rest Neymar.PSG were off to a flying start through Mbappe but Marseille were in part the architects of their own downfall.France midfielder Adrien Rabiot tried to thread a through ball on 10 minutes to Mbappe, cutting in from the right.Kylian Mbappe celebrates becoming the youngest scorer in ‘Le Classique’ © AFP / GEOFFROY VAN DER HASSELTFormer Aston Villa full-back Jordan Amavi was in place to intercept the ball but he slipped and succeeded only helping it onto teenage star Mbappe, who jinked inside onto his left foot and dragged a low shot inside Yohann Pele’s near post.As expected, the hosts were dictating the tempo and dominating the ball, but Neymar was off target with a header from a Dani Alves cross.The second came before the half hour mark, though, and again it owed much to poor Marseille defending.Layvin Kurzawa slipped Rabiot into the inside left channel in the visitors’ box and he picked out Brazilian Neymar with a cut-back.The forward’s poked finish was heading off target until his compatriot and Marseille centre-back Rolando thrust out a boot and inadvertently directed the ball into the goal.– Showboating –The match was as good as over and PSG had barely needed to break sweat.Ten minutes before half time and the men in blue were already breaking out the showboating tricks and flicks, with Rabiot’s backheel setting up Neymar to curl a long-range strike just past the post.Marseille barely had a sniff and when midfielder Andre Anguissa got up to meet a header in the box, it looped up harmlessly and landed in goalkeeper Alphonse Areola’s arms.It took just 10 more minutes after the break for PSG to extend their advantage as Neymar was allowed time and space to reach the byline on the left.His cross picked out Cavani, whose first touch with his left was sublime to turn marker Rolando, while his right-footed finish was unstoppable.Marseille were barely putting up a fight, but substitute Clinton N’Jie managed to get himself booked for needlessly lashing out at Marquinhos and then clashing with Dani Alves, who also saw yellow.After Neymar was stretchered off, the pacey N’Jie almost gave Marseille hope but having rounded Areola, his goal-bound effort was cleared off the line by sliding PSG captain Thiago Silva.Areola also made smart saves to deny Florian Thauvin and Luiz Gustavo, but Marseille’s spirited finish had come too late.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Simi Valley Calendar

first_imgTODAY Sunday evening hike, 5 p.m. at the Rocky Peak trailhead at the end of Rocky Peak Road off Santa Susana Pass. Call (805) 584-4400. MONDAY Swim and Stay Fit, 6-8 a.m., at the Rancho Simi Community Park pool, 1765 Royal Ave., Simi Valley. Monthly fee: $40, or $20 for 65 and older. Call (805) 379-2378. Power Walking, 8-9 a.m. at the Sycamore Drive Community Center, 1692 Sycamore Drive, Room B-1, Simi Valley. Monthly fee: $30. Call (805) 584-4400. Muscle Sculpting, 9:30-10:30 a.m. at the Sycamore Drive Community Center, 1692 Sycamore Drive, Room B1, Simi Valley. Call (805) 584-4400. Alternative Recreation Program: Yoga Club, 6:45-7:45 p.m. at Houghton Park, 4333 Township Ave., Simi Valley. Parents can register and participate with their child. Monthly fee: $24. Call (805) 584-4400. New Hope for breast-cancer survivors, 7-8:30 p.m. at Simi Valley Senior Center, 3900 Avenida Simi. Free. Registration required. Call (805) 527-5360, Option 3. Aqua Fit, 7-8 p.m. at Rancho Simi Community Park pool, 1692 Sycamore Drive, Simi Valley. Call (805) 584-4400. Simi Peggers Cribbage Club, 7 p.m., at Simi Country Mobile Home Park Clubhouse, 1550 Rory Lane, Simi Valley. Call (805) 527-8164. Water Exercise, 7-8 p.m. at Rancho Simi Community Park pool, 1692 Sycamore Drive. Fee: $40. Call (805) 584-4400. Men’s Anger Management class, 6:30 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203B, Simi Valley. Call (805) 582-2619. Simi Valley Boots and Slippers Square Dance Club, 7:30-9:30 p.m. at Simi Valley Senior Center, 3900 Avenida Simi. Fee: $5. Lessons taught by Dick Hodnefield. Call (805) 583-3055; or e-mail: sqdncrmn@pacbell.net. Deep Water Workout, 8-9 p.m. at the Rancho Simi Community Park pool, 1692 Sycamore Drive. Monthly fee: $45. Call (805) 584-4400. TUESDAY Family Planning Clinic, 8:30 a.m.-4:30 p.m. at Ventura County Public Health, 660 E. Los Angeles Ave., Suite B2, Simi Valley. For an appointment, call (805) 578-3677. Jazzercise Aerobics, 9-10 a.m. and 6:30-7:30 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Rotary of Simi Valley will meet at noon at Grand Vista Hotel, 999 Enchanted Way. Call (805) 583-4825. Videos in the Lounge, 1 p.m. at Simi Valley Senior Center, 3900 Avenida Simi. Call (805) 583-6363. Bowling, 4-5:30 p.m. at Brunswick Valley Bowl, 5255 Cochran St., Simi Valley. Fee: $5 per week. Call (805) 584-4400. Tuesday Evening Hike, 6:30, meet at the Long Canyon parking lot at Long Canyon Road and Wood Ranch Parkway. Call (805) 529-5581. Story time, 7 p.m. at Simi Valley Library, 2969 Tapo Canyon Road. Call (805) 526-1735. Simi Solos Toastmasters will meet, 7:30 p.m., Simi Valley YMCA, 3200 Cochran St. Call (805) 990-4950. Men’s Anger Management class, 7-9 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203B, Simi Valley. Call (805) 582-2619. Overeaters Anonymous, 8 p.m. at Church of Christ, 1554 Sinaloa Road, Simi Valley. Call (805) 581-4717 or (805) 529-8183. “Family Night of Giving,” hosted by the Rotary noontime club. The event gives an opportunity for the community to give back and reach out those in need. Activities include packaging school supplies for schoolchildren, writing letters to service members for the holidays and more. The event will be held in the Community Room at the new Simi Valley Town Center mall from 3-7 p.m. Call (805) 579-1614. Conquering Chronic Stress, Test Anxiety, and Depression, a free workshop, 11 a.m.-1 p.m. or 5-7 p.m. in Conference Room A of the Campus Center at Moorpark College, 7075 Campus Road, Moorpark. WEDNESDAY Swim and Stay Fit, 6-8 a.m. at the Rancho Simi Community Park pool, 1765 Royal Ave., Simi Valley. Fee: $40/month; 65 and older, $20/month. Call (805) 379-2378. Kiwanis Club of Simi Valley will meet, 7 a.m. at Marie Callender’s, 20 W. Cochran St. Call (805) 526-4649. Chair Exercise, 8:30 a.m. at Moorpark Active Adult Center, 799 Moorpark Ave. Call (805) 529-6864, Ext. 261. CPR Update: Health Care Provider class, 9 a.m.-1 p.m. at Simi Valley Hospital, 2975 N. Sycamore Drive. Call (805) 955-6890. Tot Time story time, 11 a.m. at Borders Books and Music, 2910 Tapo Canyon Road, Simi Valley. For ages 2-5. Call (805) 526-2800. Step Aerobics, 5:30-6:30 p.m. at the Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Emotional Intelligence Training for Parents, 6 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203B, Simi Valley. Call (805) 582-2619. Action Parent and Teen Support Program, 6:30 p.m. at Apollo High School, 3150 School St., Simi Valley. 24-hour hotline: (800) 367-8336. Water Exercise, 7-8 p.m. at Rancho Simi Community Park pool, 1692 Sycamore Drive. Fee: $40. Call (805) 584-4400. Emotions Anonymous, 7:30-9 p.m. at United Methodist Church, Wood Room, 2394 Erringer Road, Simi Valley. Free. Call (805) 526-6231. Clutterers Anonymous will meet, 7:30-9 p.m., Simi Valley Presbyterian Church, 4832 Cochran St., Room 210. Call (805) 526-5475. Deep Water Workout, 8-9 p.m. at Rancho Santa Susana Community Park pool, 1692 Sycamore Drive. Monthly fee: $45. Call (805) 584-4400. Elections: How Fair?, Brad Friedman, radio broadcaster and editor of BradBlog.com, will lecture on the need for election reform. The lecture is presented by Global Exchange Ventura County Supporters, 7 p.m. at the Newbury Park Library, 2331 Borchard Road. Call (805) 241-8855. THURSDAY Rotary Club of Simi Sunrise will meet, 7 a.m. at Grand Vista Hotel, 999 Enchanted Way, Simi Valley. Call (805) 520-4894. Jazzercise Aerobics, 9-10 a.m. and 6:30-7:30 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Scrabble Group will meet, 9:30 a.m. at the Moorpark Active Adult Center, 799 Moorpark Ave. Call (805) 517-6261. Videos in the Lounge, 1 p.m. at Simi Valley Senior Center, 3900 Avenida Simi. Call (805) 583-6363. Reproductive Healthcare Clinic, 1:30-4:30 p.m. at Ventura County Public Health, 660 E. Los Angeles Ave., Suite B2, Simi Valley. (805) 578-3677. Tap for Fitness, 2:30-4 p.m. at Moorpark Active Adult Center, 799 Moorpark Ave. Call (805) 517-6261. Circuit Training, 5:30-6:30 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Thursday Evening Hike, 6 o’clock, meet at the Chumash Trailhead. Call the Rancho Simi Recreation and Park District, (805) 584-4400. Open Gym Volleyball, 6-9 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave., Simi Valley. Fee: $2 or $10 a month. Call (805) 584-4400. Co-custody Parenting class, 6 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203-B, Simi Valley. Call (805) 582-2619. Women’s Anger Management class, 7 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203B, Simi Valley. Call (805) 582-2619. Simi Valley Toastmasters, 7:30 p.m. at Clarion Commons, 5300 E. Los Angeles Ave., Simi Valley. Call (805) 522-9591. “Good Morning Miss Vickers,” a fall play production presented by The Council of Fine Arts, Moorpark High School’s student producing group, at 7 p.m. today with Friday and Saturday night performances at 7:30 p.m. and a Saturday matinee at 2 p.m. in the school’s Performing Arts Center, 4500 Tierra Rejada Road, Moorpark. All seats are $5. World AIDS Day, “Stop AIDS. Keep the Promise,” experts discuss local and global challenges of the HIV/AIDS epidemic, 7 p.m. at the Preus-Brandt Forum at California Lutheran University, 60 W. Olsen Road, Thousand Oaks. Call (805) 493-3438. FRIDAY Basic Training, 6-7 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Open Gym Basketball, 6-9 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave., Simi Valley. Fee: $2, or $10 a month. Call (805) 584-4400. Christmas Festival Concerts, 8 p.m. today and Saturday at the Samuelson Chapel at California Lutheran University, 60 W. Olsen Road, Thousand Oaks. Call (805) 493-3305. Moorpark Symphony Orchestra Music Director James J. Song will conduct the Symphony No. 9 of Dvorak, better known as the From the New World Symphony, along with the Cappriccio Italien by Tchaikovsky and the Berceuse and Finale from the Firebird Suite by Stravinsky. The Moorpark College Dance Department will join the orchestra in the annual performance of the Nutcracker Suite by Tchaikovsky. The show begins at 8 p.m. at the main stage of the Moorpark College Performing Arts Center, 7075 Campus Road, Moorpark. Call (805) 378-1485. Picasso at the Lapin Agile, a comedy that places Albert Einstein and Pablo Picasso in a Parisian cafe in 1904, runs through Dec. 18 at the Theatre on the Hill at the Hillcrest Center for the Arts in Thousand Oaks. Showtimes are Friday and Saturday at 8 p.m., Sundays at 2 p.m. Call (805) 381-1246. “Preventing Holiday Stress”, free seminar presented by the Bridge Community Church of Simi Valley, 7-9 p.m. in the Community Room of the Simi Valley Town Center, north of Ronald Reagan Freeway between First Street and Erringer Road. Call (805) 526-2964. SATURDAY Men’s Anger Management class, 8 a.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203-B, Simi Valley. Call (805) 582-2619. Jazzercise Aerobics, 8-9 a.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave., Fee: $5, or $25 a month. Call (805) 584-4456. Open Gym Basketball, 10 a.m.-4 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave., Simi Valley. Fee: $2, or $10 a month. Call (805) 584-4400. Celebration of Kwanzaa, 10 a.m.-2 p.m. at the Preus-Brandt Forum at California Lutheran University, 60 W. Olsen Road, Thousand Oaks. The annual one-day celebration at CLU includes performances and food for sale, vendors and dancers. Call (805) 493-3323. Open Studio and Holiday Art Sale, 10 a.m.-5 p.m. at Studio Channel Islands Art Center, located on the CSUCI campus, Ventura Street, Building #18, Camarillo. See the art studios of resident artists, buy art for the holidays. Free parking and refreshments. Call (805) 383-1368. Los Robles Master Chorale A musical tapestry woven together for the holidays including Britten’s Hymn to the Virgin and Ceremony of Carols, Sleeth’s Jazz Gloria, and more. The show starts at 8 p.m. at the main stage of the Moorpark College Performing Arts Center, 7075 Campus Road, Moorpark. Call (805) 378-1485. Square Dance, hosted by the Pi-R Squares, 8-10:30 p.m. at Borchard Community Center, 190 Reino Road, Newbury Park. Call (805) 492-1442. Calendar events are compiled each week by Staff Writer Angie Valencia-Martinez. Items must reach the Daily News one week before the Sunday on which they are to run. Items must be typewritten. Phone numbers must be attached for contact purposes. Mail to Simi Calendar, P.O. Box 4200, Woodland Hills, CA 91365-4200. Fax (805) 583-0880. Angie Valencia-Martinez can be reached at (805) 583-7604 or by e-mail at angie.valencia@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals Studio Art Workshop, 9:30-11:30 a.m. at Moorpark Active Adult Center, 799 Moorpark Ave. Call (805) 517-6261. Co-custody parenting class, 6-7 p.m. at Cornerstone Counseling Center, 1633 Erringer Road, No. 203B, Simi Valley. Call (805) 582-2619. Open Gym Basketball, 1:30-6:30 p.m. at Rancho Santa Susana Community Center, 5005-C Los Angeles Ave., Simi Valley. Fee: $2, or $10 a month. Call (805) 584-4400. Step Aerobics, 5:30-6:30 p.m. at the Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. Jazzercise Aerobics, 6:30-7:30 p.m. at the Rancho Santa Susana Community Center, 5005-C Los Angeles Ave. Fee: $5, or $25 a month. Call (805) 584-4456. last_img read more

Piketty’s contribution to unpacking inequality: timely and relevant

first_imgRenowned French economist Thomas Piketty will deliver the 13th Nelson Mandela Annual Lecture. What lessons can he offer South Africa? Watch him speak during the live broadcast on 3 October on SABC 2 from 3pm to 4.30pm. There will also be a live stream on the Nelson Mandela Foundation YouTube account and website. Rock star economist Thomas Piketty will be in South Africa to deliver the 13th Nelson Mandela Annual Lecture on 3 October. (Image: Nelson Mandela Foundation) • Thomas Piketty to deliver Nelson Mandela Annual Lecture  • What South Africa can learn from Piketty about addressing inequality? • Ethical buying power: Coffee, chocolate and Fairtrade • Top 50 Brands in South Africa named  • Almost half of African millionaires make South Africa their home Vishnu Padayachee, professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the WitwatersrandVishnu Padayachee, University of the WitwatersrandNot many economists with something approaching a rock star status visit South Africa. So the visit by French political economist Thomas Piketty, author of the bestselling Capital in the Twenty-first Century, appears to be eagerly awaited by academics, especially those broadly on the left, and by many South Africans.In 1976, Milton Friedman, then the rising rock star economist of the anti-Keynesian right wing in the US and Europe, made a visit to South Africa. He was wined and dined by the President Nico Diederichs and Finance Minister Owen Horwood. He and his economist wife Rose met with leading South African businessmen, political leaders and the South African Reserve Bank governor, among others.Friedman’s message to South Africa was both political and economic. He was mightily impressed by what he described as:The unbelievably sophisticated economy you have developed at the tip of Africa, thousands of miles away from any similar civilisation.Friedman urged the West to support South Africa and Rhodesia as bastions against Soviet penetration.Two nights before the couple left, then-South African Reserve Bank Deputy Governor Gerhard de Kock remarked:Friedman’s visit will have at least a ten-year impact on South Africa’s economic thinking.De Kock was right. What followed were major changes in monetary policy, including those recommended by the De Kock Commission on Monetary Policy.I am not sure whether Piketty will have a similar impact on economic thinking in South Africa today. I do predict, though, that ministers and former ministers will be bounding up the stairs to join him on his many platforms around the country. I would not be surprised if they expressed their total support for his analysis and his ideas.Some, without the slightest sense of irony, may well make a case that they were and are the true champions of the struggle against poverty, inequality and unemployment in democratic South Africa. This despite the fact that they arrogantly relegated left, social democratic options such as the Freedom Charter and the Reconstruction and Development Programme to the dustbin of history.Instead, in 1996 they opted for the neoliberal Growth, Employment and Redistribution Strategy, a macroeconomic policy. So a rewriting of the recent economic history of South Africa may well be one outcome of the Piketty visit.Piketty’s demolition of what went beforeTo date, data from the relatively short post-second world war period up until the end of the 20th century has been read mostly in sympathy with a neo-classical interpretation. In this period the hypothesis behind the Kuznets Curve was the dominant thinking about development and income inequality. This argues that inequality first increases in the early stages of development, reaches a maximum at an intermediate level of income, and then declines as the country achieves a high level of per capita income.Into this picture steps Piketty. With his 300-year-old datasets he demolishes the Kuznets hypothesis. He shows instead that the turn away from inequality over time and in the course of development and global integration is not assured. And, he argues, intervention in the market mechanism is required to arrest and reverse the increasing share of income that capital relentlessly claims over time.Piketty shows that it was the interventions between 1914 and 1945 that arrested the trend towards greater and greater inequality. These included taxation policies in the 1920s and 1930s which were less favourable to the owners of capital.He shows that patrimonial capital is the largest contingent of total capital. Central to understanding capitalists’ drive to accumulate is increasing economies of scale. Whereas Karl Marx focused on the increasing economies of scale of industry, Piketty shows how the same benefits of scale apply to investment performance of capital.Despite some reservations about his analysis and his policy prescriptions I believe that Piketty does convey an important and timely message. He combines a grasp of western economic history and an analysis of long run historical data to point to the nature, form and variety that western capitalism has assumed over an extended time. Sharply widening inequalities of income and wealth between rich and poor is the most blatant.Piketty does indeed have something to say to the beneficiaries of this variety of capitalism who praise and parrot this model and its values. This includes the corporates and the ever-richer elites and to many in aspirant and new middle classes in countries including South Africa and India.So, what are Piketty’s answers?Piketty is right to point to the need for a robust debate about the kind of state – a social state, he calls it – that is required at the beginning of the 21st century to regulate a rampant inegalitarian capitalism. New institutions and instruments are needed to regain control over globalised financial capitalism, and “to achieve a just social order”. But when it comes to specifics, Piketty’s economic policy prescriptions are not very convincing.In my view, they do not take progressive macroeconomic policy much further. If anything it sets back thinking in this crucial policy arena, both at national and global level. His policy response to the crisis he correctly analyses, as Chris Gregory notes, is constructed:… in the narrowest apolitical, mathematical tradition of 20th century mainstream economics.An international tax on capital is not likely to be implementable under current national or regional political models. Action is more likely to originate at a national, not international level. In my view this would include a serious relook at old and new forms of control over currency, capital mobility and banking regulation.Piketty has little to say about all this, apart from noting (on the basis of China’s admittedly opaque and unstable system of capital regulation) that:… capital controls are one way of regulating and containing the dynamics of wealth inequality.But how would this work in more democratic, transparent and liberal regimes than the China of today?By way of contrast, and much more practically, Nobel Prize-winning economist Joseph Stiglitz has teamed up with others to push for US national economic policy options aimed at curbing the flow of economic gains to the wealthiest and most powerful. Those he has teamed up with include New York Mayor Bill de Blasio and US Senator Elizabeth Warren.Their argument is based on the premise that “equality and economic performance are complementary rather than opposing forces”. On the agenda are policies such as increased taxes on the wealthy to fund education, affordable housing and job-creating infrastructure, as well as minimum wages and benefits for the poor.These issues, and a few others, are of relevance to South Africa today. The others would include an appropriate form and shape of a “social state”, tax policy, a national minimum wage, and capital controls to curb the billions of dollars leaving South Africa legally and illegally. Perhaps Piketty can be persuaded to share his views on these matters.Vishnu Padayachee, Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the WitwatersrandThis article was originally published on The Conversation. Read the original article.last_img read more

So You’ve Launched, Now What?

first_imgaudrey watters Tags:#start#tips Related Posts After months of hard work, designing and building your product, you launch. You’ve sent out press releases, and you’re all prepared for “go.” And then…Sometimes things simply fall into place. There’s tons of buzz. You pick up customers rapidly. And sometimes things sort of go nowhere.That was the experience of time-tracking software startup Chrometa, who recently described its experience with a launch that, in its own words, “flopped.” In a blog post, the startup goes on to address the question: “You launched your app, now what?”Chrometa chronicles its progress post-launch. Chrometa 1.1 launches in March of 2009 but “nobody cares.” In June, the startup gets coverage in Technolawyer, the “perfect advertising medium” for a software company that aimed at solving the time-tracking and billing needs of attorneys. The company picked up a few subscribers from the initial write-up, and quite a few more when Chrometa 2.0 was covered by Technolawyer in August. Although the company had amassed about 50 paid subscribers, “we soon hit a bit of a lull after the initial buzz wore off. So we tried to figure out: How can we keep excitement going for a product that’s very well received by customers, but is not inherently viral itself?”The challenge for Chrometa was to maintain momentum, to continue to develop sales and adoption. To do so, Chrometa called each customer who bought the product, reached out to legal industry publications, and continued to work on upgrades to the product. “Continued product improvement was THE most important thing we did over this time period.”The “lessons learned,” according to Chrometa, were:Focus on one, and only one, initial market.Don’t get discouraged. “As long as your customers are paying for your product – and they are happy with it after their purchase – you are doing fine. That means the fundamentals of your situation are good. And you just need to go find more customers – and that is very doable (easier said than done, but doable!)”Buzz and press coverage won’t necessarily make your business.Chrometa’s experiences demonstrate some of the things startups should keep in mind post-launch. “Launch” does not mean “done,” so it’s important to budget for further development. If you’re giving away a free trial, it may be a while before you have paying customers. But nonetheless, as Chrometa found, these early users can provide great insights into what works and what doesn’t work. Using the analytics gleaned from them, continue to work on design. As Chrometa shows, at the early stages of a startup, it’s necessary to work hard for every user, but that attention to the customer will help you build a better product. 8 Best WordPress Hosting Solutions on the Marketcenter_img Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai…last_img read more

Tripura police to revisit skeleton recovery case

first_imgThe Tripura police said on Saturday that it would take a relook at the investigation into the recovery of skeletal remains from the septic tank at the Chief Minister’s official residence here in 2005. Director-General of Police Akhil Kumar Shukla said they would try to ascertain the actual progress made in the CID investigation.The 13-year-old issue was raked up by BJP leader Sunil Deodhar in a tweet. “I request @BjpBiplab, new CM of Tripura, to get septic tanks of all minister quarters cleaned before occupying them. it should be recollected that a woman’s skeleton was found in septic tank of Ex CM Manik Sarkar’s quarter on June 4, 2005 but the case was deliberately suppressed.”The tweet snowballed into a huge controversy with the ruling BJP accusing the former Left Front government of covering up the case. No CPI(M) leader was ready to speak on the issue, but party sources said the controversy was politically motivated. No headwayA skull and some bones were found when the septic tank was being cleaned at the official residence of the then Chief Minister, Manik Sarkar, on Marx-Angels Sarani in 2005. The CID failed to make much progress in its probe.A retired police officer, initially involved in the probe process, said tests on the remains were conducted at the Central Forensic Laboratory in Chandigarh. “Tests confirmed that the remains were of a girl aged between 13 and 17,” the officer told The Hindu. On June 18, 2010, replying to a question from an Opposition member, Mr. Sarkar said the CID was of the opinion that the remains were brought from elsewhere and dumped in the septic tank for a ‘vested reason’. He said though experts prepared a sketch of the likely face of the deceased and released it in the media, there was no response.last_img read more

Tamaraws remain spotless, ground winless Cardinals

first_imgFEU head coach Olsen Racela said he wants his team to focus more on ball movement and defense after the Tamaraws dished out 25 assists but allowed the Cardinals to score more than 80 points. “For a 40-minute game, our assists total is really impressive and it means they’re looking out for each other,” said Racela. “But our priority is still our defense because we gave up a lot. Don’t get me wrong, I’m happy with our offense but it’s not even.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSMalditas save PH from shutoutSPORTSPrivate companies step in to help SEA Games hostingFEU shot 53 percent from the field but also let Mapua shoot a decent 46 percent.RJ Ramirez was the high-point man for FEU with 18 points while Arvin Tolentino had 17 points and nine rebounds.  View comments Don’t miss out on the latest news and information. Pagasa: Storm intensifies as it nears PAR BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast FILE PHOTO – Tristan Tamayo/INQUIRER.netFar Eastern University kept its record flawless in the Filoil Flying V Preseason Premier Cup after handing Mapua a 99-84 beating Sunday at Filoil Flying V Centre in San Juan. The Tamaraws improved to 4-0 in Group B while the Cardinals dropped to 0-6.ADVERTISEMENT Andrew Estrella had 17 points and five assists to lead the Cardinals.  For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Every 18 seconds someone is diagnosed with HIV Panelo suggests discounted SEA Games tickets for students PLAY LIST 01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes BSP survey: PH banks see bright horizon amid dark global recession clouds Sports Related Videospowered by AdSparcRead Next Lacson: SEA Games fund put in foundation like ‘Napoles case’ BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast Palace: Duterte to hear out security execs on alleged China control of NGCP LATEST STORIES JRU brushes off skidding UST MOST READ Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Gameslast_img read more

Limited edition

first_imgEach piece in this collection was designed over years by the world’s most gifted watchmakers to highlight a specific event, place, or cause. Driven by the desire to overload imagination, to re-invent inner mechanisms, to celebrate innovation, to perfect consistent precision and to deliver the most exclusive to the most,Each piece in this collection was designed over years by the world’s most gifted watchmakers to highlight a specific event, place, or cause. Driven by the desire to overload imagination, to re-invent inner mechanisms, to celebrate innovation, to perfect consistent precision and to deliver the most exclusive to the most discerning, these precious timepieces are available only to a very select group.Harry Winston: Opus ElevenFor Harry Winston, watches reflect a passionate belief that you can-and must-go beyond the imaginable. Instead of a hand, 24 placards revolve and rotate on a complicated system of gears mounted on an epicycloidal gear-train. Savour the moment, we say. Limited Edition of 111 piecesPrice: Rs 1.3 croreParmigian I: Bugatti Super SportThe highly tapered profile of the Bugatti Super Sport recalls the body of a wing, however the inspiration for the design lies in the iconic shape of the case lugs on a Parmigiani watch. Boasting the brand’s characteristic curves, the new Bugatti represents the decisive signature of the Parmigiani style. Limited Edition of 30 piecesPrice: Rs 1.3 croreRomain-Jerome: Moon Dust DNAInspired by the date of the historic Apollo 11 moon mission, this limited edition watch features a 46mm case carrying the iconic RJ “paws”, topped by a carbon fibrecoated bezel. The black dial is a hand sculpted depiction of the lunar surface and its material contains a small amount of precious Moon Dust-of which only a few thousand grams have been brought back to earth. Stellar composition. Limited Edition of 1,969 piecesPrice: Rs 8.5 lakhDe GR I Sogono: Occhio Ripetizione MinutiadvertisementDeveloped on the principle of the reflex camera, this Occhio Ripetizione Minuti is equipped with a twelve-shutter aperture revealing the movement with a striking visage. Cased in 18-carat red or blackened white gold and a leather strap, with a gold folding clasp, it is as original as it is daring and exclusive. Lust-have potential. Limited Edition of 5 piecesPrice: On requestVacheron Constantin: Metiers D’art-Chagall and L’opera De ParisHaving been a patron of the Paris National Opera for the past four years, Vacheron Constantin shares the institution’s art of precision, renewal and wonder. In honour of this association, Vacheron has designed an exceptional series of 15 unique watches as a tribute to the greatest composers of all time, the very same who were Marc Chagall’s inspiration for the monumental mural on the Opera Garnier’s ceiling.Price: On requestUlysse Nardin: Alexander The Great Minute RepeaterThe unconquerable hero of Greek history and symbol of strength inspires Ulysse Nardin’s Alexander the Great Westminster Carillon Tourbillon Jaquemarts Minute Repeater. Its mechanics are housed in a 44mm case of 18-carat white gold or rose gold and the visible one-minute tourbillon is integrated into the dial. A date with history. Limited Edition of 100 piecesPrice: Rs 3.5 crore (approx.)Montblanc: Nicolas Rieussec ChronographNicholas Rieussec was inspired by the notion of “writing time” and called his famed invention “Chronograph.” Montblanc has chosen to pay homage to the inventor by launching the Montblanc Nicolas Rieussec Chronograph Anniversary Edition in 2011, the year in which the chronograph celebrates its190th birthday. The Anniversary Edition will be available only in a limited and individually numbered edition: 190 watches in 18k red gold, 90 watches in 18k white gold and 25 watches in 950 platinum.Price: Rs 20 lakh (approx.)Zenith: El Primero Stratos Flyback Striking 10thDesigned to withstand the abrupt variations in pressure, intense vibrations and violent acceleration found in fighter jet cockpits, the Zenith Stratos also comes equipped with the world’s most accurate automatic chronograph movement. The number of pieces produced was selected to mark the anniversary year of the creation of the first El Primero movement. Limited Edition of 1,969 piecesPrice: Rs 5.4 lakhGC: Skeleton HeartbeatGC takes its Swiss watchmaking savoir-faire in combination with exquisite contemporary design to the next level of sophistication. The pure case design and the see-through antireflective sapphire crystals direct all attention to the very heart of the watch where you can see the inner beauty and life of the movement which is studded with 17 jewels. Limited Edition of 150 piecesPrice: Rs 1.5 lakh (approx.)Roger Dubuis: La Monegasque Big NumberChronograph La Monegasque Big Number stands apart for its dial in the classic casino colours of black, red and green. The dial, which contrasts a satin sunburst centre with a circular satin exterior, incorporates a 30-minute counter at 3 o’clock and small seconds at 9 o’clock, giving it the elegance and appeal of a traditional chronograph. Its round dial stretches the contours of the bezel to produce a uniquely distinctive form. Certainly raises the stakes. Limited Edition of 128 piecesPrice: Rs 1.7 lakhadvertisementOmega: Deville Hour Vision Blue OrbisOmega has created a special watch-the Hour Vision Blue-in support of Orbis International’s fight against preventable blindness. It has a 360 degree see-through case-body which is set in a robust 4 mm stainless steel outer case and is equipped with Omega’s Co-Axial caliber 8500. The selfwinding watch is an officially certified chronometer, a testimony to its precision and performance. Omega has guaranteed that at least one million U.S. dollars from its sale will be donated to Orbis.Price: On requestHublot: King Power F1 TourbillonAs Official Watchmaker of Formula 1, Hublot presents the first Tourbillon watch developed with and for the world of Formula 1. It features a special tourbillon cage and a balance with an F1 brake disc decoration made from ceramic and with a circular satin finish inspired by the F1 brake discs. Limited Edition of 50 piecesPrice: Rs 17.9 lakhA.Lange and Sohne: Richard Lange TourbillonThe fourth A. Lange & Sohne timepiece honoured with the distinction “Pour le Merite” embodies a fusee-and-chain transmission as well as a tourbillon with a patented stop-seconds mechanism. The stately 41.9-millimetre platinum or pink-gold case accommodates the new hand-finished Lange manufacture calibre L072.1, uncompromisingly crafted to the most exacting Lange quality standards. Limited Edition of 100 piecesPrice: On requestlast_img read more