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Alberta judge throws out Karlheinz Schreiber lawsuit against federal government

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first_imgEDMONTON — An Alberta judge has dismissed a lawsuit filed by Karlheinz Schreiber in 1997 in which the German-Canadian businessman alleged he had been defamed by the Attorney General of Canada.In the lawsuit, Schreiber says details of a letter sent by Canada to the Government of Switzerland seeking his banking information as part of an RCMP investigation were published in the media in 1995 and made public by Brian Mulroney at a news conference.Schreiber also sued the federal government for negligence, abuse of process and abuse of public office.He claimed for losses including denigration of his reputation and loss of economic opportunity and income associated with the loss of his liberty and livelihood.In 1995, RCMP accused Schreiber and another man of sending kickbacks to Mulroney on the sale of Airbus planes to Air Canada which was a Crown Corporation at the time.Schreiber, who is now 85, was extradited to Germany in 2009 after testifying before the Senate’s ethics committee.In 2013, he became involved in a corruption scandal linked to former German chancellor Helmut Kohl, was convicted of tax evasion and sentenced to 6.5 years in prison.In 2017, Schreiber sought to resume his legal action but Ottawa argued that more than eight years had passed since the last meaningful action on the lawsuit.In Edmonton, Queen’s Bench Justice Lucille Birkett ruled that Schreiber waited too long to resume his legal action and threw out the lawsuit.“Schreiber’s allegation that Canada engaged in tactics that caused the delay in this action by its decision to extradite him to Germany is unfounded,” Birkett wrote in a ruling released Thursday.“Schreiber bears the ultimate responsibility for advancing this action.“As more than 3 years have passed without a significant advance, and on the application of Canada to dismiss the action for long delay pursuant to Rule 4.33, the Court must dismiss the action brought by Schreiber.”The ruling noted that Schreiber fought the extradition request from Germany for five years before he was committed for extradition and for a further five years in appealing the committal unsuccessfully to the Ontario Court of Appeal, the Supreme Court of Canada and the Federal Court. (CTV Edmonton, The Canadian Press)The Canadian Presslast_img read more

Serena Williams Debate Is She the Best Female Athlete

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Serena Williams is sparking a sports-wide debate over her place in history. Is she the greatest female athlete of all time and if she isn’t what factors are working against her, real or imaginary? Being a female, black and with an attitude? Sports Illustrated writer Jon Wertheim said this,“I consider her achievements, her mental strength, her power, her (terminally underrated) court smarts, her longevity and the overall arc of her career and I reach the conclusion that she is the greatest of all time — a claim I made in 2010 and have gotten grief for ever since. No question in my mind: she is the greatest living female athlete. That she has played (check that: lived) independent of the establishment and conventional thinking makes her all the more admirable. I have no doubt that I will be telling my grandchildren about her.”Jon added, “I’ve long said that one of the real challenges of covering this sport is covering the Williams sisters, Serena in particular. There is so much complexity and contradiction. And, of course, there is the ever-present patina/prism of race. And let’s be clear: anyone who denies the element of race lives in a land of dragons and unicorns and stable ozone layers.”ESPN also took a stab at the debate. Watch the video clip below:We ask again, is Serena Williams the best female athlete of all time? read more

Commonwealth Bank Director Clifford Culmer Retires after 25 Years Service

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first_img Related Items: Mr. Culmer, a chartered accountant, had served on the board for a total of 25 years. In his second term, 1998-2016, he was chairman of the audit committee.“As Chairman of the Audit Committee, he has served on the Board in a position with one of the greatest demands, which he has done with strength, wisdom and integrity,” said William B. Sands, Jr. Chairman of Commonwealth Bank. “There is no doubt that the Audit Committee, under his leadership, has sharpened Management’s skills over the years and made us a stronger bank.”Co-director and Chairman of the Board’s Nominating Committee Rupert Roberts Jr. described Culmer’s work as “an immeasurable contribution” and co-director Dr. Marcus Bethel said Culmer’s contributions during the 32-year history of the Bahamian bank were unparalleled. Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Facebook Twitter Google+LinkedInPinterestWhatsAppAmidst moving tributes and a standing ovation at the bank’s annual general meeting earlier this month, long-time Commonwealth Bank Director Clifford Culmer stepped down as a director after more than two decades of helping to steer the successful bank from infancy to a $1.5 billion financial powerhouse.“Cliff has left a legacy for the rest of us to follow,” Dr. Marcus Bethel said. The moving and emotional tributes from co-directors drew a spontaneous standing ovation for Culmer by the packed audience of shareholders at Breezes.last_img read more

Two brothers control Bogra crime world

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first_imgTufan Sarker and his elder brother Matin SarkerTwo brothers are allegedly in control of the crime world in Bogra, a district in northern Bangladesh.Tufan Sarker and his elder brother Matin Sarker allegedly indulge in various crimes, including drug peddling, murder, extortion, and land grabbing.Matin was sentenced to 27 years’ imprisonment, but the verdict was stayed by the High Court.Through various illegal means, he became a millionaire almost overnight.Matin Sarker is now general secretary of the District Truck Owners Association and also joint general secretary of Bogra town Jubo League, a front organisation of ruling Awami League.Local residents in Bogra said no one can talk openly about these two brothers. They control all illegal drug trade in the district.The Member of Parliament in Bogra constituency-1 (Sonatola-Sariakandi) and former organising secretary of central Awami League Abdul Mannan said the party will not take responsibility of those who carry out such heinous activities in the name of the party.According to law enforcment agencies, Matin Sarker is the second of eight sons of Mujibur Rahman from Chaksutrapur Kosaipara of Bogra town, while Tufan is the youngest. Their father used to sell meat.None of his sons completed school, but now all of them are involved in Awami League politics.TufanThe 25-year-old Tufan got involved in tannery business with a small amount of capital. He entered politics thanks to his brother Matin Sarker when Awami League came to power in 2009.The two brothers have now unleashed rampant crimes in Bogra.Three months ago a stationery shop in Talukdar market, near Bogra sadar police station, was forcefully taken over. A sign was erected in front of the shop, with the words, ‘contact in case of any problem’. Tufan Sarker’s name and phone number was given.The owner could not protest and later sold his shop for a very low price. Now the victim does not want to talk about it.A number of victims of various crimes said, Tufan and his accomplices collect Tk 50 from each CNG-run auto rickshaw, Tk 60 from battery-run Easybikes and Tk 20 from battery-run rickshaws and vans. Each owner of rickshaw and van has to deposit Tk 1800 to become a member of the owners’ association.He also collects Tk 200 as toll at night from every bus, truck and coach coming from different districts at Satmatha, Charmatha, Tinmatha and Matidhali intersections of Bogra town.His accomplices also collected toll in broad daylight at Charmatha outskirts of the town after forcefully halting various vehicles.There are allegations that a certain amount of the money goes to a section of the police, political leaders, labour leaders and middlemen.Sramik League Bogra unit president Rafiqul Islam said, “I am ashamed of his heinous crimes. I am helpless despite knowing his crimes as he has the blessings of several influential leaders.”Speaking to Prothom Alo, superintendent of police in Bogra Asaduzzaman said Tufan’s toll collection from auto rickshaws has been stopped. Tufan has been arrested after the allegations of raping a teenage girl.”We will take legal actions if we find any proof of other crimes,” he added.On 4 April 2012 police arrested Tufan in possession of the drugs yaba and phensidyl. Later, he was released on bail. On 20 July, Tufan and his three brothers, Jhumur, Omar and Shohagh were arrested in a case filed for an attempt to murder. They did not have to stay long in jail this time as well.Additional SP of Bogra Arifur Rahman Mandal said there are six cases against Tufan. The cases include raping of teenage girl, murder and drug peddling.In 2015, police arrested Tufan Sarker with several hundred phensidyl bottles from his house. He was also accused of killing Jubo Dal leader Imran in 2013. The victim’s mother then alleged that Tufan and his brothers were behind the killing. Now Imran’s mother does not want to talk.Tufan and his wife posses two cars. They have an under-construction five-storey building at Chaksutrapur tannery godown area of the town.They have two flats in the posh areas of Bogra and Dhaka.He launched a business ‘Turjo Sanitary Store’, investing about Tk 1 crore (Tk 10 million) at Chakjadu Lane of the town. District AL unit president Mamtaz Uddin inaugurated the store.Mamtaz said, “I was the president of the chamber. So I can inaugurate a business.”Organising secretary of Bogra district unit of AL AKM Asadur Rahman said those who gave party posts to men like Tufan, were equally responsible for raping and torturing the teenage girl.Matin SarkerOn 24 August 2012, Rapid Action Battalion (RAB) arrested Jubo League leader Matin Sarker from his office at tannery godown lane and seized phensidyl, beer, heroin, knives, and Tk 10 lakh (Tk 1 million). Jubo League demonstrated in Bogra town the following day, demanding removal of the RAB commander.At that time, police said Matin was a top terror. There are six cases against him in Sadar police station. He was sentenced to 27 years’ jail in an arms case in 2001.Police officials said, Golam Rasul was murdered at Nurani intersection on 18 June in 1998. Munshi, who was close to Matin, was murdered over internal clashes at Chaksutrapur in 2001.Matin was the prime accused in the murder of Juba Dal leader Imran on 2 December 2012. Police ultimately did not indict him.Locals said district AL joint secretary general Manjurul Alam brought Matin into politics, but now the former does not back Matin.Matin is now close to district AL president Mamtaz Uddin.Speaking to Prothom Alo, Mamtaz Uddin said, “Investigate who brought Matin into politics.”Prothom Alo correspondent visited the residence of Matin at Chamrapatti on Monday.However, he was unwilling to talk to the media.*This report originally published in Prothom Alo print edition, has been rewritten in English by Rabiul Islam.last_img read more

Gunfight is not solution TIB

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first_img.Transparency International Bangladesh has expressed grave concern over the deaths of over hundred ‘drug dealers’ in the countrywide anti-narcotic drive.The anti-corruption watchdog also demanded judicial investigation into the deaths.It said that the explanation given by the law-enforcement forces on the ‘gunfight’ is questionable.The organisation made the demand in a statement issued on Thursday.It said that there is fear of protecting constitutional rights of the citizens as using excessive force is getting support from the government.  It said that this is creating risk of institutionalising the use of excessive force by the law enforcement.“The constitution preserves the rights for every citizen to justice. There is a question as to whether the on-going anti-narcotic drive based on the list prepared by so-called intelligence information is acceptable legally or not. Besides, before being convicted under the legal process, the way the listed people are being killed is completely unconstitutional,” TIB executive director Iftekharuzzaman said in a statement.He said that there are some allegations that innocent people become victims of vindictiveness.The TIB executive director said that gunfight has not been proved an effective way anywhere in the world to control narcotics or any other crime.“The way the culture of using excessive force, bypassing the existing laws is getting patronage can be a threat to the human rights situation of the country,” he said.He said that the way the law enforcement agencies are given licence to violate laws, it is a bad signal for justice, the rule of law and democracy of the country.      At least 130 people were killed and thousands detained in the last two weeks in a countrywide anti-narcotics crackdown. Law enforcement officials said that all who have been killed are drug dealers and they were killed in gunfights.Read more :Alleged gunfights kill 13 more, death toll rises to 130Yet another 12 killed, toll from drive rises to 117Philippines-style crackdown in Bangladesh raises concernslast_img read more

Netflix Plans to Raise 2 Billion in New Debt to Fund Content

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first_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 The proposed $2 billion debt offering comes less than a week after Netflix blew past expectations for subscriber growth for the third quarter of 2018, netting 7 million new streaming customers for the period (including 1.09 million in the U.S.).Netflix continues to burn cash — and, as it has repeatedly told investors, that will continue for at least another year. Netflix’s free cash flow in Q3 was -$859 million (compared with -$465 million in the year-earlier quarter). For full year 2018, the company expects free cash flow will be closer to -$3 billion than to -$4 billion, and that negative free cash flow in 2019 will be roughly flat with this year.In addition to its rising debt load, Netflix has billions in off-balance-sheet content-spending obligations mostly due within the next five years. As of Sept. 30, 2018, the company had $18.6 billion of obligations, which includes $10.2 billion due in one year or beyond.“We recognize we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past,” Netflix said in its Oct. 16 letter to shareholders. “These investments we see as very likely to help us to keep our revenue and operating profits growing for a very long time ahead.”According to Netflix, for the $2 billion in new debt (the principal amount which may change), the interest rate, redemption provisions, maturity date and other terms will be determined by negotiations between the company and the initial purchasers. Popular on Variety center_img Netflix is again going to debt markets to fund its enormous appetite for content, announcing plans Monday to raise $2 billion in financing through debt securities.As of Sept. 30, 2018, Netflix reported $8.34 billion in long-term debt, up 71% from $4.89 billion a year prior. The latest proposed debt offering is the sixth time in less than four years that the company is raising $1 billion or more through bonds.Netflix shares fell more than 3% in early trading Monday after the announcement of the plans to issue $2 billion in new debt. [UPDATE: The stock recovered a bit, closing down 0.9% for the day to $329.54 per share.]On Monday, Moody’s Investors Service assigned a “Ba3” junk-bond rating to Netflix’s proposed offering, indicating a non-investment grade “speculative” security. The outlook for Netflix remains “stable,” according to Moody’s, which “reflects our expectation that Netflix’s operating results will improve gradually and the company will de-lever through revenue, EBITDA and margin growth.”last_img read more

Facebook Amazon Netflix and Google Were Among Todays Biggest Losers

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first_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. A morning rally in the stock market gave way to renewed selling in the afternoon as the Entrepreneur Index™ fell 1.66 percent on the day.The Dow Industrials index was up more than 300 points in the morning but ended the day down 245, or 0.99 percent. The S&P 500 index fell 0.66 percent, while the technology-heavy Nasdaq 100 was down 2.02 percent.The bloodbath continued in the technology sector. The so-called FANG (Facebook, Amazon, Netflix and Google or Alphabet) stocks that have underpinned the bull run in technology stocks and the broader market, were among the hardest hit today, with Amazon.com (-6.31 percent), Netflix (-4.96 percent), Alphabet Inc. (-4.75 percent) and Facebook (-2.26 percent) all down sharply. Chip-maker NVIDIA Corp.set a new 52-week low today, falling 6.39 percent — the biggest decline on the Entrepreneur Index™ today. Other tech stocks that traded lower included salesforce.com (-3.34 percent)., Verisign (-2.52 percent) and Adobe Systems Inc. (-2.28 percent).Analog Devices was one of the few stocks to buck the bearish trend in technology. Down almost 20 percent since late August, the chipmaker’s stock gained 1.82 percent today. Cerner Corp., the healthcare information technology firm that lost 11 percent on Friday because of disappointing earnings, rallied 5.09 percent today — the largest gain on the Entrepreneur Index™.Ford Motor Co. also posted a big gain after a Goldman Sachs analyst upgraded the stock to a buy, largely because of its 25 percent drop so far this year. The analyst expects the company’s previously announced restructuring plan to begin yielding benefits next year, and set a $12 target for the stock. Ford shares were up 3.34 percent today.Defensive stocks fared significantly better than growth stocks today. The REIT sector was up sharply, with Essex Property Trust (3.49 percent), Extra Space Storage (3.32 percent) and Equity Residential (2.13 percent) posting good gains. The clothing makers, L Brands (2.99 percent), Ralph Lauren (2.88 percent) and Gap Inc. (2.07 percent) were also up for the day. Food manufacturers J.M. Smucker Company and Tyson Foods rose 2.23 percent and 1.8 percent respectively. Retailer Bed Bath and Beyond was also up 3.25 percent.Economy-sensitive stocks were down on the day. Homebuilder D.R. Horton Inc. fell 2.8 percent. Oil and gas producer Hess Corp.was also down 3.36 percent as the price of oil continued to slide. Casino operator Wynn Resorts, down a crushing 44 percent this year, fell 6.3 percent — the biggest decline on the Entrepreneur index outside the technology sector. Brown-Forman Corp, the maker of Jack Daniels whiskey, was also down 0.9 percent. The Trump Administration reportedly plans to slap more tariffs on Chinese imports if trade talks with China don’t improve, and bourbon is a favorite target for retaliatory tariffs.Alexion Pharmaceuticals was down again today by 3.45 percent. The drug-makers fell as a group on Friday after it was reported that President Trump was considering tying Medicare reimbursement rates for drugs to much lower prices paid in Europe.The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com. October 29, 2018 3 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Opinions expressed by Entrepreneur contributors are their own. Register Now »last_img read more