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Catalyst Paper Will Undergo Recapitalization

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first_imgIn what appears to be a direct result of the paper industry’s continued struggle, British Columbia-based manufacturer Catalyst Paper will move forward with a recapitalization transaction to correct its current financial situation. According to a company statement, the improved capital structure will eliminate $315.4 million of Catalyst’s debt.In addition to the significant reduction, the restructuring is approved by the companies’ creditors with the hope of “enhanced flexibility to respond to the downturn in the market for paper, newsprint and pulp”. Catalyst is working with Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP for legal counsel, and Perella Weinberg Partners will be the company’s financial advisors through the recapitalization.Upon the plan’s completion, which will be carried out under the Canada Business Corporations Act, a new board of directors will be appointed for Catalyst Papers. A move like this is not surprising, considering the currently volatile state of the paper industry. Paper demand has declined, as magazine’s print properties still have not made a full recovery from the recession. The digital draw to tablets and other mobile devices also presents a conundrum for an industry largely based on supplying print supplies to magazines. While many publishers expected prices to drop as demand for paper has, the reality is that supply is still meeting demand, according to paper industry insiders.After January 14’s initial announcement, Catalyst released another statement today reasserting the consensual restructuring process, as opposed to “certain media reports” of bankruptcy proceedings.Catalyst operates four mills between British Columbia and Arizona, with a collective annual production capacity of 1.9 million tons.last_img read more

Game of Thrones season 8 Surprising details you probably missed in episode

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first_imgThis closes the Hound and Arya circle that opened in season 3. But it was also a callback to season 2, where The Hound’s “I’m actually not such a bad guy” arc began.Sandor, you’ll recall, bailed on King Joffrey as it seemed Stannis Baratheon’s forces were overcoming King’s Landing’s defenses during the Battle of Blackwater Bay. Before he left the city, he made a brief stop in Sansa’s room, where he offers to take Sansa to Winterfell. She passes it up, saying she’ll be safe and that Stannis won’t hurt her.”Look at me,” exhorts The Hound, in exactly the way he did in Sunday’s episode, “Stannis is a killer. The Lannisters are killers. Your father was a killer. Your brother is a killer. Your sons will be killers some day. The world is built by killers.”He was trying to shield her from the tragedies he knew would befall her in the years to come. Unlike his successful prevention of Arya’s suicide mission, this time it didn’t work. But as we saw in The Last of the Starks, Sansa says it was all worth it.Littlefinger and The DwarfLast episode Varys made it clear to Tyrion: Daenerys had to go. He wants to remove her from the equation and open the Iron Throne to Jon Snow, rightful heir. Tyrion, allegedly the smartest man in Westeros, decided it was best to stick with Daenerys. The Bells opens with Tyrion telling Daenerys of Varys’ treachery. Before long, Varys is extremely dead. Dragonfire will do that to a eunuch.But before he’s arrested by Grey Worm and the Unsullied, we see Varys writing letters revealing Jon’s true identity. Who he was writing to, and whether those letters were ever sent, we do not know. What we know, though, is that Varys’ proverbial circling of the drain was almost identical to Ned Stark’s.ned-starkEnlarge ImageOh, Ned. Sweet Ned. HBO Ned discovered the true identity of King Joffrey, that he was in fact a Lannister and not a Baratheon, and wrote a letter to Stannis, who as King Robert Baratheon’s brother was the true heir, telling him as much.Petyr “Littlefinger” Baelish catches wind of this, and tries to council Ned against it. “[Stannis] cannot take the throne without your help, you would be wise to deny it to him and to make sure Joffrey succeeds,” Littlefinger says. Of course, Ned is disgusted. Littlefinger, just two episodes later, ends up betraying Ned, leading to Game of Thrones’ first shocking death. Seven seasons later, it’s Tyrion who warns Varys not to move against the queen, and it’s Tyrion who betrays Varys.And the wheel spins round and round.More you may have missedA eunuch’s weapon: One more note on Varys. At the very beginning of the episode, we see Varys talk to one of his little birds. She tells him the queen isn’t eating. Varys says to try again at supper, and also that “the greater the risk, the greater the reward.” At the time it may have sounded like he was concerned about an increasingly delirious Daenerys, but the theory now goes that he was attempting to poison the queen before she could turn mad.This would also be a Ned Stark-related throwback to season 1. Ned’s first order of business once getting to King’s Landing is to hunt down whoever murdered Jon Arryn. He asks then-Grandmaester Pycell about Arryn’s death, and the possibility of poisoning.”I’ve heard it said that poison is a woman’s weapon,” Ned says.”Yes, women, cravens, and eunuchs,” Pycelle responds. “Did you know that Lord Varys is a eunuch?” TV and Movies More Thrones Tags 187 Photos 15 ICYMI, Varys totally tried to poison Dany at the beginning of the episode. The callbacks to season 1 are amazing:Ned: Poison is a woman’s weapon.Pycelle: Yes. Women, cravens… and eunuchs.Grand Maester Pycelle then mentioned Lord Varys just seconds later! 🤯#GameofThrones pic.twitter.com/TVbL2uVmdJ— iTREVOR (@iLEADFARMER) May 13, 2019 Second, and more poignantly, was his relationship with Arya Stark (and Sansa Stark). Before Cleganebowl, The Hound talked Arya out of ascending the Red Keep and killing Cersei. The structure was crumbling and the Mad Queen circling, making it a suicide mission. Arya says she wants revenge, but The Hound forcibly holds her back.”Look at me,” he grunts. He says he’s been after revenge all of his life, and Arya shouldn’t be like him. “You come with me, you die here.” The Hound is successful, Arya retreats. “Sandor,” she calls out as he approaches the stairway, “thank you.” (This was itself reminiscent of Bran thanking Theon Greyjoy during the Battle of Winterfell moments before the latter’s death.) Now playing: Watch this: See all the Game of Thrones season 8 photos Game of Thrones season 8 episode 5: Everybody hurts The Hound en route to Cleganebowl. HBO Warning: Spoilers aplenty below. Game of Thrones’ penultimate episode (ever!), The Bells, was controversial for sure. From a story perspective, it was arguably the series’ most important episode. It included the deaths of many key characters, most notably Cersei and Jaime Lannister, and Daenerys Targaryen completing her transition into Mad Queen. Some fans hated the episode, others loved it.It was undeniably epic, though, spanning around 90 minutes and featuring some incredible cinematography. The visuals of King’s Landing being razed by Drogon and Daenerys were haunting but fantastic. Amid the madness, you may have missed some of these details and callbacks to previous seasons.Bad omensEven more than Cersei and Jaime’s twin deaths, the key takeaway from The Bells was Daenerys’ official turn from hero to villain. King’s Landing had surrendered, but she couldn’t help herself. She burned it down, along with thousands of innocent men, women and children, just because.As far as Targaryens go, she’s more Aerys than Rhaegar.This all kind of came out of nowhere. She was disgruntled after learning, in episode 2, that Jon Snow’s true identity is Aegon Targaryen, heir to the Iron Throne. But things escalated quickly from “hey, we need to talk about this” to “brb, going to murder every person in King’s Landing.” This, however, has been foreshadowed in the show at least twice.The first time came in season 2. Daenerys was in Qarth, a city in Essos, where her dragons were snatched by Pyat Pree, a local warlock. Pree chains the dragons up in a tower, which Daenerys enters alone. Before she reunites with her scaled children and incinerates the strange man, she sees a vision of herself in the Red Keep. The ol’ sword through the eye: Before Arya and The Hound were best buds, Arya had The Hound on her illustrious “to kill” list. “I’m going to put a sword through your eye and out the back of your skull,” she warns him in season 3. The Hound, on the verge of having his eyes popped out Oberyn Martell-style, saves himself by putting a dagger through Gregor’s eye and out the back of his skull.Opening easter egg: The Bells got a slightly tweaked intro. During the title sequence, the King’s Landing gates were adorned with scorpions, Qyburn’s anti-dragon artillery. As we saw in the episode, they made no difference whatsoever. Old stomping grounds: Jaime had a brief falling out with Cersei at the end of season 7 after she revealed to him that she lied about sending her forces to Winterfell, and that the good guys will have to fight the Night King themselves. She calls him “the stupidest Lannister” for believing she would actually help.Jaime says he made a promise and he’s going to keep it. After Cersei briefly threatens Jaime’s life via The Mountain, he exits and rides for King’s Landing.Their dialogue was referenced in The Bells, when Jaime says Cersei once called him the stupidest Lannister. And when Jaime reunites with Cersei, moments before their deaths, he does so in the Red Keep’s map room. That’s the room where their season 7 confrontation, the last time they saw each other, took place.game-of-thrones-season-8-episode-5-varys-alone-endEnlarge ImageBeing right never looked so wrong. HBO Pentos paradise: When Tyrion busts into Jaime’s makeshift prisoner’s cell, he tries to convince him to flee with Cersei and sail to Pentos. In season 4, Tyrion tries to send his endangered and ultimately treacherous lover Shae there, but she stays and dies. Jaime attempts to get Cersei out of King’s Landing through a dungeon, presumably so they can get to a boat and escape to Pentos. They find their escape route blocked, so that dungeon becomes their grave.Go long: Aaron Rogers, quarterback of the Green Bay Packers, made a brief cameo as an unnamed man in King’s Landing. Location, location, location: One of Game of Thrones’ most iconic scenes was in the beginning of season 6 episode 10, when Cersei watched from the Red Keep as her plan to blow up the Sept of Baelor went off without a hitch. Green wildfire engulfed the structure, and she sat back with a glass of red and looked on.In The Bells, she stands in the exact same spot, first confident and then despondent as she realizes the war is lost.”A day will come when you think you are safe and happy and your joy will turn to ashes in your mouth and you will know the debt is paid,” Tyrion told her in season 2. Well, there sure was ash.Also, note that there were green conflagrations among Drogon’s fire. This could mean two things: Either Cersei had planted wildfire underneath King’s Landing and was going to use it to destroy soldiers approaching the Red Keep or it’s leftover wildfire from the Mad King, who ordered wildfire to be hidden throughout the city.Originally posted May 13.Update, May 15: Adds more details. center_img Look at him!The Bells’ greatest triumph has to be Cleganebowl. It may have been fan service, and Sandor “The Hound” Clegane conspicuously reignited his desire to kill his brother just a season ago, but it was still a satisfying showdown.Not only did it end the life of The Hound, one of the show’s best side characters, it also ended three of his story arcs. Most obviously, he killed his brother. There was some nice symbolism to this, as the fratricide was accomplished by Sandor plunging his brother and himself into a pit of Drogon flames. Of course, Gregor deformed Sandor’s face by holding his face to fire, leading to a life-long fear of flames.As my mother once told me: if you’re gonna go out, it may as well be in a pit of fire. Hound Preview • Hound vs. Siri vs. Google Now: Who is really the best personal assistant? 38 Photos Daenerys fan fury, explained by a clinical psychologist George R.R. Martin goes full mad Targaryen over rumors Episode 5 recap: Daenerys Targaryen sets everything on fire Cleganebowl finally happened and it was the best Share your voice Comments Game of Thrones 6:20 The Keep’s ceiling is ripped off, and snow covers the ground. At the time it seemed to signify winter and The Long Night, but the White Walker threat would ultimately be dealt with before Daenerys takes King’s Landing. Now fans speculate that it’s ash, not snow, in the vision. (It absolutely was snow, as if you look closely you can see icicles, but hey, visions can’t be perfect.)Two years later, in season 4, Bran Stark, still Bran and not yet the Three-Eyed Raven, touches a Weirwood tree and sees one of his first visions. It features the same shot of a war-torn Red Keep as Daenerys saw in Qarth and, more ominously, the shadow of a dragon flying over King’s Landing.Jaime’s death was also hinted at in a previous episode. In season 5 he and Bronn, while in Dorne, discuss the way they’d like to die. Jaime’s? “In the arms of the woman I love.” Happy Mother’s DayThis is just a tidbit, but it’s a fun one. Cersei Lannister dies in this episode, which aired in the US on Mother’s Day.Meanwhile, her dad, Tywin Lannister, was killed by Tyrion Lannister in episode 10 of season 4, which aired on June 15, 2014, aka Father’s Day. 36 of the best Game of Thrones fan theorieslast_img read more

US blocks five more Chinese tech companies for national security reasons

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first_img Tags Samsung, LG, Motorola: How soon can we expect 5G phones? 3 In addition to being put on the entity list last month, President Donald Trump signed an executive order essentially banning the company in light of national security concerns that Huawei had close ties with the Chinese government. Huawei has repeatedly denied that charge.Huawei is expected to take a $30 billion hit to its revenue as a result, although CEO Ren Zhengfei earlier this week said he is not too concerned about the loss.Huawei has filed a motion in US court to have US legislation that bars federal agencies from buying its products ruled unconstitutional, and has also sent an ex parte memo to the FCC in which it objects to being banned on the grounds of national security threats. Why Microsoft is selling Huawei laptops again Huawei ban: Full timeline on how and why its phones are under fire Now playing: Watch this: 4:49 Hardware and software vendors have been fleeing Huawei: Amazon Japan reportedly no longer offers Huawei devices for sale, and last month, Google locked Huawei out of its Android updates, though the US Commerce Department granted it a three-month general license to update existing devices.In a turnaround, Microsoft began selling its existing inventory of Huawei MateBook laptops earlier this week, saying it “will continue to respond to the many business, technical and regulatory complexities.”Huawei at the end of May moved to trademark the name of its operating system, Hongmeng, in Peru. Share your voicecenter_img Comments 13 Photos The Huawei ban Huawei against the world (The 3:59, Ep. 564) Computers Mobile Politics The US government is blacklisting more Chinese tech companies. CBS/iStockphoto The US Commerce Department has blacklisted another five Chinese tech companies, preventing them from buying US-made chips and components. Like Chinese tech giant Huawei last month, the companies were added to the United State’s “entity list” (PDF) due to national security concerns. The filing, spotted earlier Friday by CNBC, blocks China-based Higon, Sugon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology and Wuxi Jiangnan Institute of Computing Technology.Sugon and Wuxi lead China’s exascale high-performance computing development, the filing says. Sugon’s computers have military users, while Wuxi is owned by the 56th Research Institute of the General Staff of China’s People’s Liberation Army “to support China’s military modernization.”Higan develops integrated circuits, electronic information systems, software and computer system integration, while the Chengdu entities design X86 architecture chips and produce integrated circuits.As pointed out by CNBC, US chip companies’ stock fell following the announcement, with Nvidia down by 1%, Xilinx by 2.2% and Advanced Micro Devices by 2%. Legal Huawei Donald Trumplast_img read more

Woman grandson killed as pickup van hits bike

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first_imgA woman and her grandson were killed while her husband sustained severe injuries as the motorcycle they were riding was hit by a pick-up van on Satkhira-Khulna Road at Kumira village in Keshabpur upazila on Tuesday, reports UNB.The deceased were Farida Begum, 50, wife of Samad Morol of Bhabatipur village in the upazila and her grandson Saad Hossain, 14, son of Abdul Alim, from Tailkupi village in Tala upazila.Witnesses said the pick-up van hit the motorcycle from behind in the afternoon, leaving the duo dead on the spot and Samad Morol severely injured.Officer-in-charge of Patkelghata police station Rezaul Karim said the injured was rushed to Satkhira Sadar Hospital and the bodies were also sent to the hospital’s morgue for autopsy.last_img read more