Werder Bremen coach Kohfeldt: Grujic chase just about…by Paul Vegas6 days agoSend to a friendShare the loveWerder Bremen coach Florian Kohfeldt admits their interest in Liverpool midfielder Marko Grujic is over.The Serb chose to sign on-loan with Hertha Berlin this summer ahead of Werder.And Kohfeldt concedes: “You cannot rule out anything, but that would be pure speculation to think about it.”The coach also said: “He is a very good player, but he is now a player from Hertha and in the summer probably will again be a Liverpool. “This is not an issue for us now.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
The Unstoppable Foundation will celebrate global access to education at the Hyatt Regency Century Plaza in L.A. on Saturday, March 15th.The Unstoppable Foundation’s 5th annual gala will be an exciting evening filled with inspiration, connection and the opportunity to make a powerful difference. The Foundation celebrates five years of bringing education to more than 6,000 children in some of our world’s most impoverished nations. The goal of the evening is to provide an education to an additional 1,000 children in need.“Our Unstoppable Gala brings a voice to 57 million children who do not have access to even a primary education. We can solve this critical need if we have the will to do something about it,” said Cynthia Kersey, founder of The Unstoppable Foundation.The gala will be a spectacular affair, starting with a private VIP reception, entertainment, a live auction and other surprises. Brandy and Malcolm-Jamal Warner will be honorary co-chairs, joined by host John Schneider and celebrity guests Martin Sheen, Leigh Steinberg, Cathy Lee Crosby and many more. Malala Yousafzai, the brave young Pakistani girl who stood up for the right for girls to attend school, and was shot by the Taliban, will receive the 2014 Unstoppable Achievement Award (appearance based on schedule).The Unstoppable Foundation has the support of the personal development and transformation industry. Attendees range from mega influencers, including best-selling authors, nationally known speakers, global thought leaders, celebrities, to some of the greatest minds in business and philanthropy. KABC-7 has joined the Unstoppable team as media partner for the gala.The Unstoppable Foundation was created six years ago by transformational expert, author and visionary Cynthia Kersey. Kersey’s dream was to create transformation on a global scale by igniting a social movement of individuals, organizations and partnerships committed to ensuring that every child receives access to an education. Because of her leadership, more than 6,000 children are receiving an education and a daily meal, 56 school houses and two secondary schools have been built, 17,285 men, women and children have been given access to clean water, sanitation and healthcare, and 2,000+ adults have received training on how to create an income so that the projects are sustainable.“The Unstoppable Gala is a platform to inspire and mobilize people to use their voice and take action to impact a child forever. That action has the power to transform lives, communities and the world,” said Kersey. “The Unstoppable Model — Sponsor a Village, The Unstoppable Solution for Sustainable Education, is based on the 5-Pillar development model. The five pillars not only include schools, but also provide the entire community with access to clean water and sanitation, food and nutrition, healthcare and alternative income training for parents. The Unstoppable model is designed so everything is owned and maintained by the community, and the project is completely self-sustaining within five years of the completed implementation.“We believe every child has A Right To Learn. Attendees’ participation and generosity at the gala will help the Unstoppable Foundation expand our mission and achieve our goal of bringing education to an additional 5,000 children in 2014.”To purchase tickets please visit www.UnstoppableGala.com, and find information about The Unstoppable Foundation at www.UnstoppableFoundation.org.Source:PR Newswire
NEW YORK, N.Y. – While Fox News Channel’s Sean Hannity called on his supporters to stop smashing Keurig coffee makers to protest a decision to stop advertising on his show, it remains unclear whether Keurig will actually return as a sponsor.Hannity and a liberal lobbying group’s effort to choke off his advertising are clearly making some corporations uncomfortable and loathe to be involved in a proxy political battle.After Keurig announced via Twitter that it would abandon Hannity’s show because of how he reported on stories about Alabama U.S. Senate candidate Roy Moore, some of the Fox host’s supporters began posting videos online smashing, blowing up or tossing coffee makers off a deck. Hannity called the action “hysterical” and showed some of the videos on his show.Then he read from a letter that Bob Gamgort, Keurig’s chief executive officer, wrote to his employees saying it was wrong to talk about advertising strategies publicly “outside of company protocols.”“I believe the CEO. I believe his sincerity here,” Hannity, who claimed to own five Keurig machines, said on his show Monday. He called for a “cease-fire” and urged supporters not to smash their Keurigs.But Gamgort’s letter never explicitly says what its advertising plans will be. “In most situations such as this one, we would ‘pause’ our advertising on that particular program and reevaluate our go-forward strategy at a later date,” he wrote.Keurig representatives did not return repeated messages on Tuesday and Wednesday asking whether it would resume advertising on Hannity’s show. The last Keurig ad on his show aired Nov. 2, while Green Mountain coffee, made by the same company, advertised last Thursday, according to Media Matters for America, the group that has been advocating an advertiser boycott of Hannity.Similarly, Volvo announced via Twitter on Monday that it had advised its media agency to cease advertising on Hannity’s show. But the tweet appeared to have been quickly deleted, and the company’s representatives also did not return messages seeking clarification on what its stance will be moving forward.Realtor.com tweeted on Saturday that it does not run ads on “Hannity” and would not in the future. The tweet was later deleted and Realtor.com later said it would advertise “across a broad range of networks, including Fox News and its top shows.”Other companies appear reluctant to be seen publicly as supporting a boycott, and similarly reluctant to be seen supporting Hannity. Nature’s Bounty and Hello Fresh both said they have not advertised on the show since the summer but have not discussed their reasons.Fox News had no comment on the advertisers.Media Matters has successfully promoted advertiser boycotts on past Fox personalities Glenn Beck and Bill O’Reilly. Hannity and his supporters have actively fought back, and companies have been caught in the crossfire. Hit hard by a backlash when it announced a Hannity boycott in the spring, the financial services firm USAA initially said it would avoid all opinion-based programming, then reversed field and said it would return to Hannity’s show.Angelo Carusone, Media Matters president, said he was initially disheartened this past weekend when the Keurig-smashing videos appeared, believing it would make other companies reluctant to risk the wrath of Hannity’s supporters. But he found this wasn’t so. Carusone said there are a dozen companies that advertised on Hannity in the past that have said they will no longer do so, and still others that are avoiding the show but just not being public about their intentions.He said he doesn’t believe Keurig will return as an advertiser because returning would subject them to a backlash among Hannity’s opponents. He said USAA was the only company he knew that said it would avoid Hannity’s show and publicly changed its mind.“What companies say about it obviously makes a difference from a public perception perspective,” he said. “But if the ads are not running because companies have put (the show) on a ‘do not run’ list, that’s really the action that makes the difference here. Because that’s the one that affects the advertising rates for Sean Hannity and his commercial viability.”Hannity has said he believes Media Matters is trying to muzzle free speech.
Several Canadian banks have increased their fixed-rate mortgage rates amid rising yields on the bond market and a strengthening economy, changes economists said could have repercussions for the housing market.As of Friday, Royal Bank of Canada, Toronto-Dominion Bank and CIBC said they had raised rates between 10- and 15-basis-points. The banks tend to move in lockstep when it comes to raising rates.RBC’s posted five-year fixed mortgage rate moved to 5.14 per cent on Thursday, up from 4.99 per cent. The bank’s special offer rate for a five-year fixed mortgage with a 25-year amortization moved to 3.54 per cent from 3.39 per cent.RBC (TSX:RY) said the changes reflect the activity of competitors, costs for funds on the wholesale markets, as well as other costs and market considerations.TD (TSX:TD) raised its five-year fixed rate to 5.14 per cent, the first time it has been above five per cent since February 2014.CIBC raised fixed mortgage rates by between 10 and 15 basis points, effective Friday “in response to market conditions.” Its five-year fixed rate rose by 10 basis points to 4.99 per cent, while the one and two-year fixed rates moved 15 basis points to 3.29 per cent and 3.24 per cent, respectively.Scotiabank (TSX:BNS) said it is reviewing its rates and will likely soon make changes. Bank of Montreal (TSX: BMO) did not immediately respond, while National Bank (TSX:NA) said it had not yet determined its plans.If enough banks raise their rates by the same amount it will raise the benchmark rate for stress tests, said Gregory Klump, chief economist of the Canadian Real Estate Association.“That would definitely have a marginal impact on how much mortgage people can qualify.”The changes appear to most immediately affect those whose mortgages are uninsured because they had a down payment of 20 per cent or higher.The stress test for homebuyers who don’t need mortgage insurance requires them to prove they can make payments at a qualifying rate of the greater of two percentage points higher than the contractual mortgage rate or the five-year benchmark rate published by the Bank of Canada.Those with insured mortgages must qualify at the Bank of Canada benchmark five-year mortgage rate, which was posted at 4.99 per cent and was last updated Wednesday.Klump said the test and higher mortgage rates would have a dampening effect on markets with more expensive homes.“The impact at margin would be greater in higher priced and active cities like Toronto and Vancouver than it would say in Moncton,” he said in an interview.Yields on the bond market, where the big banks raise money, have been on the rise since late last year as the economic outlook has improved.Many economists are predicting that the Bank of Canada may raise its key interest rate target next week to 1.25 per cent from one per cent, a move that would likely prompt the big banks to raise their prime rates.Increases in the prime rates push up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate.TD economist Dina Ignjatovic said Bank of Canada governor Stephen Poloz’s statement that rate decisions will be based on data suggests higher interest rates are coming.“In addition to the stellar jobs report released last Friday, this week’s housing starts data showed that builders broke ground on a solid 217,000 new homes in December,” she wrote in a report, adding that business sentiment was positive in the fourth quarter.“Healthy hiring and investment intentions indicate underlying strength in the economy and less need for emergency level interest rates.”However, Ignjatovic said that additional rate increases won’t necessarily come quickly in 2018 because of high household debt levels, uncertainty over new mortgage measures and risks associated with NAFTA renegotiations.“We expect a gradual pace of tightening over the next two years, of about 25 bps every six months.”Avery Shenfeld of CIBC also expects a 25 basis-point increase on Wednesday despite the U.S. president’s threats of ending NAFTA.“It’s not going to be scared off yet by some Donald Trump bluster,” he wrote Friday.Still, Shenfeld said a breakdown in NAFTA negotiations could prompt Poloz to go slow on further rate increases.
TORONTO – Canada’s main stock index rose modestly in a largely broad-based advance Friday, as U.S. stocks soared to new record highs.The S&P/TSX composite index was up 35.21 points to 16,239.22, with the industrials sector among key advancers as Bombardier Inc. shares surged 15.31 per cent following news it won its trade dispute with Boeing Co.The U.S. International Trade Commission ruled in favour of the Canadian plane maker, voting that Boeing did not suffer harm from prospective imports of C Series commercial jets. The ruling means anti-dumping and countervailing duties totalling about 300 per cent imposed by the U.S. Department of Commerce won’t be applied.Bombardier’s stock was up 47 cents to $3.54 at the closing of markets.South of the border, Wall Street roared back into positive territory amid comments by Donald Trump at the World Economic Forum in Davos, in which the U.S. president said his administration isn’t opposed to international co-operation.“I think the market really took a lot of positives away from that,” said JJ Kinahan, chief investment strategist for TD Ameritrade.In New York, the Dow Jones industrial average climbed 223.92 points to 26,616.71. The S&P 500 index gained 33.62 points to 2,872.87 and the Nasdaq composite index advanced 94.61 points to 7,505.77.Comments Wednesday and Thursday from Trump as well as Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross contributed to swings in stock prices and the U.S. dollar as investors tried to parse the remarks for indications of the U.S. administration’s stances on its currency and international trade.The greenback declined further against other currencies on Friday as the Canadian dollar closed at an average trading value of 81.16 cents US, up 0.01 a U.S. cent.In commodities, the March crude contract gained 63 cents to US$66.14 per barrel and the March natural gas contract was up eight cents to US$3.18 per mmBTU.The February gold contract was down $10.80 to US$1,352.10 an ounce and the March copper contract gave back two cents to US$3.20 a pound.– With files from The Associated Press.Companies in this story: (TSX:BBD.B)
ANCHORAGE, Alaska – A policy intended to deter the illegal trade of ivory and items made with the parts of endangered or threatened animals led the online sales website Etsy to remove such artwork sold by Alaska Native artists, who can legally use ivory in their pieces.U.S. Sen. Dan Sullivan asked the chief executive officer of Etsy.com to reconsider its policy to allow Alaska Natives to keep selling products made from materials such as walrus tusks or from petrified wooly mammoth remains found in the nation’s most remote state.Sullivan said he assumes the basis of the policy is to combat elephant poaching in Africa and India and that he supports such efforts.“However, your policy fails to recognize that Alaska Natives are explicitly authorized under federal laws, the Marine Mammal Protection Act, to work with and sell walrus ivory, whale tooth and bone, and other non-elephant ivory,” the Alaska Republican wrote in a letter sent Friday to the Brooklyn, New York-based company.Etsy has not responded to the letter, according to Sullivan spokesman Matt Shuckerow.In an email to The Associated Press, Etsy said it can no longer allow Alaska Natives to sell animal products such as ivory but that their accounts remain active.“We have updated our policies to reflect the increasingly global nature of our business and our community,” the company said. “With increased global regulation surrounding ivory and animal products, we can no longer accommodate such products produced by Native Alaskans in our marketplace.”Sullivan heard about the issue from Alaska Native leaders and a handful of artists whose accounts were disrupted, Shuckerow said. In his letter, Sullivan notes that Alaska Natives have used animal products for subsistence, survival and cultural expression for thousands of years.Marcu Gho, an Inupiat Eskimo who lives in Juneau, is among the affected artists. He had sold gloves, key chains, scarves and other artwork made from sea otter fur for about five years until then items were delisted Tuesday.He said that occurred after he began a conversation with Etsy officials last week in response to social media posts he saw from other artists complaining about such problems.Gho said he had been warned that it appeared his artwork was derived from Alaska’s northern sea otters. A portion of that population is listed as threatened but it doesn’t include southeast Alaska otters, according to the U.S. Fish and Wildlife Service.“In the past, we have allowed an exemption for Alaska Natives,” a company official wrote in an email to Gho. “However, we’ve determined that we are unable to make exceptions for these items in our marketplace going forward. Removing this exemption helps us create a single global policy prohibiting endangered or threatened animals.”Gho said he explained the difference to the official, to no avail. The experience has left him frustrated that he can’t share this part of his culture. He also believes the policy perpetuates a perception that Alaska Natives are barbarians.“When they’re telling me that they don’t feel it’s acceptable that I sell these things, I take it a little bit more personally,” he said.___Follow Rachel D’Oro at https://twitter.com/rdoro .___This story has been corrected to say Gho’s items were delisted, not his Etsy account, and to show that accounts of Alaska Native artists have had ivory items removed, not that the accounts were cancelled.
FORT ST. JOHN, B.C. – The person who posted a photo on social media of themselves feeding bears along the Alaska Highway, on August 22, has been charged.The B.C. Conservation Officer Service charged the individual for unlawfully feeding bears.The individual pled guilty in Provincial Court and was fined $2,000. On top of the fine, the Court ordered that they stay away from bears at a distance of 50 metres for a period of six months.Earlier this summer, a bear had to be euthanized at the Liard Hot Springs after making contact with humans.Conservation Officers are reminding the public not to encourage interactions with bears as this can be dangerous for both parties.More bear safety tips can be found at bearsmart.com.
Rabat – Morocco and France signed, on Thursday in Rabat, a statement of intent on funding small and medium enterprises (SMEs) to foster financial and technical cooperation and training.Signed by Economy minister Mohammed Boussaid and French counterpart Pierre Moscovici, on a working visit to Morocco, the statement provides for transferring resources from the French guarantee fund, amounting to 26 million euros, to the SMEs guarantee fund set up by the Moroccan economy ministry and managed by the central guarantee fund (CCG).This operation concerns redeploying financial cooperation resources worth 16 million euros from the financial restructuration guarantee fund and provides for a mechanism totaling 25 million euros to improve SMEs’ access to loans. Another cooperation protocol was inked by the French public investment bank, the French development agency and the CCG to reinforce cooperation to broaden the scope and efficiency of their Risk-Sharing Instruments, as well as the funding of Moroccan SMEs and French ones wishing to gain a foothold in Morocco.The agreement aims to facilitate the international development of enterprises of their respective countries, director general of CCG Hicham Zanati Serghini told MAP.
OSU redshirt-sophomore quarterback Cardale Jones (12) carries the ball as Michigan junior defensive back Blake Countess (2) and sophomore safety Delano Hill (44) defend during a Nov. 29 game at Ohio Stadium. OSU won, 42-28.Credit: Mark Batke / Photo editorThe Ohio State football team isn’t even two months removed from its victory over Oregon in the College Football Playoff National Championship, but it’s already time to hit the field once again.The Buckeyes are scheduled to begin practice Tuesday morning, kicking off a string of 14 sessions, set to conclude with the Spring Game at Ohio Stadium on April 18.Spring practice brings the first glimpse at a new Buckeye squad, including a few freshmen who have enrolled early, some players rehabbing injuries, and others battling for playing time in 2015. With a few guarantees mixed in with a number of question marks, these are the top storylines heading into practice.QuarterbacksIt’s the most talked-about position in all of football, and easily the most discussed when it comes to OSU.Redshirt-junior Cardale Jones is expected to be the only fully healthy signal caller at spring practice who could earn significant playing time next season. Redshirt-sophomore J.T. Barrett is still recovering from a fractured ankle and redshirt-senior Braxton Miller is rehabbing a torn labrum in his throwing shoulder.While Barrett was the starter most of last season, and Miller is a former two-year undisputed starter, Jones has a chance to get a leg up on the competition if he performs well this spring.Of course, he had that same chance last year when Miller was initially ruled out after a minor shoulder surgery. Jones earned the No. 2 spot on the depth chart, but was eventually beaten out by Barrett in fall camp before Miller went down with his season-ending injury.So Jones can make his mark while getting plenty of reps in practice, but he should still be wary whenever Barrett and Miller return to full strength, because all three are supremely talented.Position battlesWhile the Buckeyes don’t have to replace anyone at quarterback, it’ll be the most watched position battle.Beyond that, though, OSU has to find a new right tackle, at least one new starting wide receiver, a new starting defensive tackle, one more linebacker and another cornerback.Linebacker is probably the position most set in stone already, with sophomore Raekwon McMillan looking like a clear replacement for the departed Curtis Grant. At receiver, redshirt-freshman Johnnie Dixon might have an opportunity to take over one of the spots left vacant by Devin Smith and Evan Spencer, but he’ll face stiff competition.Other returning names, such as redshirt-seniors Corey Smith and Jeff Greene, should have a chance to earn playing time alongside redshirt-junior Michael Thomas as well.At cornerback, sophomore Damon Webb and redshirt-sophomore Gareon Conley will be going head-to-head, while sophomore Sam Hubbard, redshirt-sophomore Michael Hill and sophomore Jalyn Holmes, along with senior Tommy Schutt, will all get looks at defensive line.Along the offensive front, numerous players could earn playing time, but redshirt-senior Chase Farris is the most likely candidate to replace Darryl Baldwin.Fresh faces on the coaching staffAlong with a few new players, the Buckeyes have two new assistant coaches in the fold.With Tom Herman off to Houston and Stan Drayton off to the Chicago Bears in the NFL, Tim Beck and Tony Alford will be working with the OSU quarterbacks and running backs, respectively.Beck earned the opportunity to choose between three potential Heisman Trophy candidates, while Alford inherited one clear-cut Heisman front runner in junior Ezekiel Elliott.While both the quarterbacks and running backs performed extremely well last season, Beck and Alford have a chance to improve their position groups to a completely dominating level, and leave their mark on the OSU program.After the Spring Game, the Buckeyes are scheduled to return to the field on Sept. 7 against Virginia Tech in Blacksburg, Va., to kick off the 2015 regular season.
Sporting Lisbon manager Jorge Jesus has joined in praising Cristiano Ronaldo for his spectacular goal against Juventus in the Champions League and wonders if a 33 year-old Lionel Messi could achieve similar featsSpeaking before their first leg against Aletico Madrid in the Europa League, the Sporting coach heaped praise on his compatriot and believes that the goal that Ronaldo scored against Juventus was something that no even Messi could achieve.“With all due respect for the player, Messi is Messi. There are two aliens and one is in Madrid I will say that Cristiano’s goal to Juventus is from an extraterrestrial. We are talking about a 33-year-old player. What impressed me most was not the technical gesture, but the ability to jump that has to do with physical condition. ” said Jesus, according to Mundo Deportivo.Fiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.The Portuguese coach believes that there is not another player in the world that can match Ronaldo’s level at 33 years of age and questioned if Messi could potentially prove him wrong.“I doubt there are other players that age who have physical ability. Not everyone can do that. I know how Christian trains. It is a demonstration of the form that it has, of the great professional that it is. It is at a very high level. The question is: when Messi is 33 years old will he have that level that Cristiano now has? ”Sporting lost 2-0 to Atletico in the first leg of their quarter-final clash at the Estadio Wanda Metropolitano with two defensive errors proving to be very costly for Jesus’ side.
Juventus forward Cristiano Ronaldo has questioned FIFA’s decision to give the Puskas award to Mohamed Salah.The Portuguese captain believes he was wrongly overlooked for the FIFA goal of the year award and claims his goal was better than Salah’s.The former Real Madrid star was shortlisted for the Puskas Award for his beautiful overhead kick against the current club, Juventus in the UEFA Champions League last season alongside Gareth Bale’s own bicycle kick in the Champions League final against Liverpool and Mohamed Salah’s curling effort against Everton.Salah would eventually claim the award to much surprise during a ceremony in London in which Luka Modric also beat Ronaldo to the Men’s player of the year award.Ronaldo was absent from the awards ceremony that night but during a question and answer session via his Instagram account, he reacted to being snubbed by world football’s governing body.“Salah deserved to win the Puskas Prize, he scored a nice goal,” the 33-year-old said, according to Goal.Juventus confirm Mario Mandzukic could leave this month Andrew Smyth – September 14, 2019 Sporting director Fabio Paratici confirmed reports that Mario Mandzukic could leave Juventus for a move to an unnamed Qatari team.“But let’s be honest, do not lie to us, my goal was the most beautiful.“I’m not disappointed, it’s life, sometimes we win and others lose.“What interests me is that in fifteen years of career I managed to maintain the same level of performance.”However, despite being nominated for the FIFA’s The Best player of the year award and winning the Puskas award, Salah missed out on the FIFPro selection for the team of the year honours.
Former Juventus striker Gonzalo Higuain who is on loan at Milan has revealed that the decision to leave Juventus was made for him.Pipita was so loved by the Bianconeri that it became a surprise when he left Turin. However, the striker has taken his time to explain why.“That’s not a question for me. I played for Juventus, everyone knows what I won there and how much I gave to Juventus. The decision was not mine, it was made by others. Milan then showed that they wanted me and I came here,” Higuain said via Football Italia.“I think the reaction of the Juve players tonight proves I was loved there.”Lukaku backed to beat Ronaldo in Serie A scoring charts Andrew Smyth – September 14, 2019 Former Inter Milan star Andy van der Meyde is confident Romelu Lukaku will outscore Cristiano Ronaldo in this season’s Serie A.During Juventus Vs Milan clash on Sunday, Higuain had demanded to take the penalty against his former teammate Wojciech Szczesny, who saved it.“Szczesny moved first, that’s why he got it. I thought it was going into the side-netting, it was a great save. Only those who take penalties can miss them, it’s easy to say afterwards that it was wrong.”“I took the responsibility, I felt good about taking it. I think at the end of the day, we’ve got to keep our heads up because we played well against a very strong Juventus side.”
A stuffed ghost rests on a trader’s screen above the floor of the New York Stock Exchange (NYSE) after Snap Inc. listed their IPO in New York, U.S., March 2, 2017.ReutersSnap Inc. investors need to do a reality check instead of getting carried away by the euphoria generated after the shares of the company listed at a huge premium to the IPO price. Snap shares gained 44 percent on listing and closed at $24.5 on Thursday on the NYSE as against the issue price of $17. Snap, which owns photo-sharing mobile app Snapchat, had a bull run on Friday, gaining 10.66 percent to end at $27.09, translating into a cumulative gain of 59.35 percent and valuing Snap Inc. at almost $32 billion.On its first day itself, the company’s valuation soared to $28.4 billion at $24.5 per share. The company sold 200 million shares to investors to raise $3.4 billion in its successful initial public offering (IPO).But is the valuation justified and should investors be cautious? The answer seems yes. A Bloombergquint columnist warned that long-term investors are in for “disappointment,” citing profitability factor at the time of going public.Leonid Bershidsky said that out of 20 tech companies that went public in the US in the last decade, nine are trading below the issue (IPO) price. Out of these, six firms, such as Renren, Groupon and Lending Club, incurred losses in the year before they went public. “The first trading day is soon forgotten and investors start looking at financial reports, one at a time,” he wrote. It is pertinent here that Snap Inc. incurred a loss of $500 million on total revenues of $400 million in the calendar year 2016. It had about 100 million users. The losses widened from $382 million 2015, though revenues spiked from $59 million.Twitter, which went public in 2013 by selling 70 million shares at $26 per share, listed at $45 on November 7, 2013, a gain of 73 percent. However, the share has been on a freefall since then and closed at $15.75 on Friday. Traders gather on the floor for the IPO of Snap Inc. at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2017.Reuters
Demonstrators protesting against President Nicolas Maduro’s government and riot police clash in Caracas. Photo: AFPProtesters hurling rocks clashed with police firing tear gas Saturday in Venezuela’s fourth demonstration in a week against President Nicolas Maduro and his government.The rally was marked by anger over a ruling from the leftist government banning opposition leader Henrique Capriles from office for 15 years. Around 4,000 people attended the demonstration.Capriles narrowly lost the 2013 presidential election that brought Maduro to power following the death of his mentor Hugo Chavez—father of Venezuela’s “socialist revolution.”The government move, which the 44-year-old Capriles announced on Friday, effectively prevents him from running against Maduro in next year’s general election.Saturday’s violence broke out when protesters gathered in the east of the city changed course at Capriles’s request and headed downtown toward the government ombudsman’s office.The district—seat of many government offices—is a pro-Maduro bastion, and the president’s supporters were holding a “cultural, sporting and recreational rally” there.National Guard police fired tear gas and rubber bullets to force the protesters back.“They received us with gas and rubber bullets. They insist on siding with the dictatorship but we are going to keep moving forward,” said opposition lawmaker Juan Andres Mejia.Masked demonstrators threw rocks and Molotov cocktails at police, said AFP reporters on scene. At least two police officers were hit by the flaming bottles.‘Product of tyranny’Capriles appeared energized by the protests.“He who laughs last, laughs best! We’ll see you on the streets of Venezuela @nicolasmaduro. There will be no rest,” Capriles promised on Twitter.Capriles was also one of the leaders of mass demonstrations against Maduro earlier this week that led to clashes with police. One protester died.“This thing that they just did to Capriles is the product of tyranny,” said Adel Rincones, 61, who clutched a sign that read “Venezuela is wounded in the heart with hunger, misery, corruption, dictatorship.”Others at the rally held pictures of Capriles.“People are tired of so much corruption, hunger and poverty,” said Vanessa Garcia, 37, an optometry student.Protests also erupted in several other cities, including unrest-prone San Cristobal in the west, where masked gunmen reportedly set off explosions, causing demonstrators to flee.‘Administrative irregularities’State comptroller Manuel Galindo imposed the ban on Capriles due to alleged “administrative irregularities” in his post as governor of the northern state of Miranda.Capriles said that he would appeal the decision and stay in his job as governor, which he has held since 2008.Venezuela’s political crisis intensified last week when the Supreme Court issued rulings curbing the powers of the opposition-controlled legislature.The court has consistently ruled in Maduro’s favor since the opposition majority took its seats in the National Assembly legislature in January 2016.It drew international criticism for last week’s rulings, which seized the assembly’s powers and revoked lawmakers’ immunity from prosecution.Opposition intensifiesThe court reversed the rulings days later, but the opposition intensified its protests, prompting police to fire tear gas and water cannon to control them.The opposition then came up with the idea of seeking the dismissal of the Supreme Court’s justices. But the ombudsman’s office blocked the move.Capriles can appeal against his sanction within two weeks to the comptroller and within six months to the Supreme Court.The collapse in prices for Venezuela’s crucial oil exports has sapped the country’s revenues.Ordinary Venezuelans are suffering from shortages of food, medicine and basic goods along with a surge in violent crime.The opposition blames Maduro for the economic crisis. He says it is due to a capitalist conspiracy backed by the United States.New protests are planned for next week.