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September 4, 2021

Metro Bank profits halve and deposits fall in aftermath of £900m loans blunder

first_img Metro Bank profits halved in the first quarter and deposits fell as it battled the aftermath of a £900m loans blunder.The lender revealed it had lost of its largest customers due to “adverse sentiment” following the error, as deposits fell 3.6 per cent from the previous quarter. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory The challenger bank also reaffirmed that its £350m rights issue – dramatically announced at the end of February as a result of the error – would be launched by the end of next month.Read more: Metro Bank investors urged to block re-election of chairman Vernon HillThe lender said pre-tax profits fell to £4.3m, a 50 per cent drop from £8.6m in the first quarter of 2018.In a difficult start to the year, Metro Bank admitted at the end of January that a swathe of commercial loans had been incorrectly classified and should have been among its “risk-weighted assets.”The error has sparked two regulatory investigations and shares have since fallen 65 per cent, as investor confidence has plunged. Metro Bank profits halve and deposits fall in aftermath of £900m loans blunder Tags: Trading Archive Callum Keown The fallout from the mishap harmed the bank’s total deposits, which fell 3.6 per cent, it said in its results.Read more: Metro Bank CEO’s pay almost halves after loans blunderThe bank said a small number of large commercial and partnership customers made withdrawals due to “adverse sentiment” following the error.Despite a fight to restore its reputation, the bank grew its customer accounts by 97,000 to reach 1.7 million in the three months to the end of March.Under-fire chairman Vernon Hill said: “We have faced challenges this quarter, but we firmly believe that our model offers a superior banking experience for our customers.” More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img Goodbody analyst John Cronin described the results as a “truly horrible set of numbers.”He said: “Deposits shrinkage of 3.6 per cent is very worrying, commercial customers have been spooked and pulling monies out in January and February, and while deposits growth stabilised in March and saw growth in April, today’s news – very poor results with no rights issue agreed – will do nothing positive for depositor sentiment.”Earlier this week shareholder advisory group Glass Lewis urged investors to block Hill’s re-election over payments to his wife’s architecture firm.The proxy adviser also criticised the wider governance and called for fresh faces on the board to avoid the risk of ‘group-think’ ahead of its AGM next month.The bank’s troubled were compounded during the quarter when it emerged that the error was discovered by the Prudential Regulation Authority (PRA), rather Metro Bank employees as the bank originally said.Chief executive Craig Donaldson offered to resign but the board refused and backed him to continue. Share Wednesday 1 May 2019 5:30 pm whatsapp whatsapp last_img read more

September 4, 2021

Kleinman: Government must steel itself for share of blame

first_img Share To others, though, that’s a wilfully blind interpretation of the firm’s approach, and ignores the roughly £200m in taxes paid by British Steel in the three years since it was saved from the brink of closure. It ignores the fact that Greybull’s management fees from British Steel are estimated to be a tenth of those taken by Tata. And it ignores British Steel’s history of failure under a prior succession of corporate owners.One thing is certain: a decline in sales of 35 per cent this year at British Steel is principally the result of political incompetence, not the avarice of investors.Greybull has been in talks with ministers since February about securing financial assistance to cope with the impact of Brexit on the UK steel sector. And despite reports to the contrary, I understand that the private investment firm offered to release its security over British Steel’s debts in order to clinch a taxpayer rescue package.Scapegoating Greybull offers a convenient smokescreen for a Government without direction or purpose. But the firm’s founder, Marc Meyohas, is right that successful economies needinvestors who are prepared to endanger their reputations by attempting to turn around struggling companies. Mark KleinmanMark Kleinman is the city editor of Sky News Few economic symbols speak more powerfully to a nation’s sense of self-worth than the decline of its heavy industries: just look at the justifiable angst surrounding the collapse into insolvency this week of British Steel.The crisis engulfing a company on which close to 25,000 people’s jobs depend would be tragic at any time; the Government’s culpability in fomenting a toxic business environment that has led to the potential demise of British Steel makes it particularly so. The prospects of a rescue from receivership look bleak. Brexit uncertainty, escalating trade tensions and international price competitiveness make the UK steel industry an unappealing investment prospect.The virtually meaningless “Steel Charter” hailed by ministers this week as evidence of their enthusiasm for the sector was an insult to thousands of workers who have long required a genuine commitment under the industrial strategy.Such is the disarray in Whitehall that the search for another scapegoat appears to have been as urgent to some of business secretary Greg Clark’s officials as the quest for a solution.And who better to alight upon than Greybull Capital, and the millions of pounds in management fees it has been paid since acquiring the business from Tata Steel in 2016 for a solitary pound?Greybull’s critics have it that its investments are structured on an unloveable basis, with relatively little of its own money at risk. Moreover, they say, we’ve been here before: Rileys, Mylocal and Monarch Airlines are all examples of Greybull-backed companies that have fallen by the wayside. Kleinman: Government must steel itself for share of blame More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com It’s no coincidence that two of the sectors in which Greybull has invested – aviation and steel – are littered with corporate carcasses. It may well find its ability to do business hampered by this latest crisis. What a pity that similar accountability is so rarely visible in Whitehall.Triton with Thomas CookThank goodness flights with Thomas Cook are calmer than the journey its shareholders are enduring right now.The travel group’s freefalling valuation has both accelerated and arrested this week amid credit rating downgrades and reasurances from management that it has “ample” financing to continue operating through the peak summer period.Reports that Thomas Cook was “risking collapse” – without any accompanying journalistic evidence – were shockingly irresponsible, given that consumer-facing businesses rely on that fragile thing, customer confidence, to remain aloft.My revelation yesterday that Thomas Cook has been approached by the private equity firm Triton about a takeover of its Nordic operations Friday 24 May 2019 12:00 am underlines the levers that its board still has to pull.Central to the benefits of any deal, of course, will be the price that Triton is willing to put on the table. My hunch is that a deal will get done, providing some urgently needed breathing space.Taking a KnapmanSome might call him a glutton for punishment: a banker seconded to the City regulator during the financial crisis, returning to public service a decade later to advise the Treasury on post-Brexit trade relationships.That neatly describes Henry Knapman, a UBS markets veteran who retired from the Swiss bank in December.He has now turned up at the Treasury as a senior industry adviser, with one of his principal focuses the implementation of the Global Financial Partnerships programme announced by Philip Hammond in his Mansion House speech last year.In the context of repeated – and justified – criticism that the Treasury draws insufficiently on City experience to inform policy-making, Knapman’s appointment is welcome. It seems odd, then, that officials are so reluctant to confirm details of his brief, citing his status as a civil servant as the reason for the department’s reticence.Might the real motive for a misguided attempt at secrecy be the desire to avoid being seen to court bankers at a time when financiers are so firmly in Labour’s crosshairs? whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun Tags: Trading Archivelast_img read more

June 21, 2021

Why some healthcare workers are being left out of the first round of COVID-19 vaccinations

first_imgLEHIGH ACRES, Fla. – Before dawn at the Department of Health vaccine site in Lehigh Acres, it looked like a Black Friday outside Best Buy.“I’m gonna guess there’s 400-500 people here now,” one man camping out said. “It’s getting a little crowded.”Eventually, the sun rose to reveal another day — and another long line.NBC2 found one woman, noticeably younger, at the very end of it. All-electronic tolls to stay on certain Lee County bridges June 17, 2021 RELATEDTOPICS DOH-Collier bringing COVID-19 vaccines to homebound residents June 17, 2021 Advertisement Balloons from your outdoor celebration could be dangerous to wildlife June 16, 2021 Advertisement“I was technically the 600th person (in line),” Ainsley Niemkiewicz Fillman said.Ainsley is a radiation physicist in the Fort Myers area. She showed NBC2 her red ticket, which felt more like the golden ticket.“The [sheriff’s office] handed out tickets. And basically, I was given the last ticket. So I just got lucky,” she explained. Advertisement AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementTags: covid-19 vaccineLee County Lee County Commission could allocate over $3 million to fight homelessness June 16, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Getting a vaccine is important to her. She said she works with cancer patients every day.“So our staff needs access to the vaccine so that we’re not — so we’re able to care for our patients. [So] we’re not transmitting it to patients or each other,” she explained.But right now, vaccines are hard to come by — even for healthcare workers.Lee Health has received 10,000 doses so far, but the first batch is only going to employees and outside providers on their medical staff at high risk of exposure.“As additional doses of the vaccine are received, we will expand immunization to other healthcare workers and work with the department of health to provide vaccines to the community,” Lee Health CEO Dr. Larry Antonucci said on a conference call Tuesday.Exactly when that will happen, though, is still unclear. That means some healthcare workers, like Ainsley, are left to wait in long lines at DOH sites, or wait until more vaccines get to Lee County.She said it feels like some workers in need are being left out.“Healthcare workers should have access to the vaccines,” she said.A Lee Health spokesman said they are following state guidelines in how the vaccines are distributed.Antonucci added that it’s important for people to remember precautions — like masks and social distancing — even after they’ve received the vaccine.Lee Health saw its largest spike in new COVID hospitalizations over the Christmas holiday, and Monday had a 30% positivity rate on COVID-19 tests — one of the highest rates they’ve seen during the pandemic.last_img read more

June 18, 2021

U.S. markets to remain closed Tuesday

NYSE said that, in consultation with other exchanges and market participants, it will close its markets in co-ordination with all U.S. equities, bonds, options and derivatives markets Tuesday. It will provide updates tomorrow on plans to re-open on Wednesday. Nasdaq, which will also be shuttered for the storm again Tuesday, said it continues to monitor the situation, and currently expects its markets to be open as normal on Wednesday. Additionally, the Securities Industry and Financial Markets Association (SIFMA) is recommending a full market close on Tuesday for U.S. dollar-denominated fixed-income securities, including trading in Tokyo and London; but said that primary dealers will need to determine if they intend to provide limited staffing on funding desks on in order to accommodate any potential open-market operations by the U.S. Federal Reserve Bank of New York. SIFMA’s recommendations apply to trading of U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in bankers’ acceptances, commercial paper and Yankee and Euro certificates of deposit. However, it stresses that these are only recommendations, and that each firm should decide for itself whether its fixed-income departments remain open for trading. James Langton Nasdaq sharpens market surveillance Facebook LinkedIn Twitter U.S. financial markets will be closed again on Tuesday Oct. 30 due to the effects of Hurricane Sandy, the major exchanges have announced. Both NYSE Euronext and Nasdaq OMX confirmed that traders will have another day off Tuesday, and the exchanges will likely re-open on Wednesday, October 31. Related news Canadian IPO market limps through Q3, PwC reports Keywords Stock exchanges Negative 2021 outlook on exchange, clearing sector: Fitch Share this article and your comments with peers on social media read more

June 18, 2021

CSA to ban DSCs everywhere but Ontario

first_img Share this article and your comments with peers on social media Specifically, the CSA said that it intends to ban the payment of upfront sales commissions from fund companies to dealers, “which would lead to the end of the [DSC] option and associated redemption fees.”“The ban on upfront sales commissions from investment funds to dealers will eliminate an incentive for dealers to recommend investment products that provide them with an upfront commission from the fund company, instead of recommending other suitable investments that have lower costs and do not have redemption fees,” the CSA said in a notice spelling out its plans.Ontario’s government, which opposes a ban on DSCs, will not be enacting the change in that province.Instead, the the Ontario Securities Commission (OSC) said in its own notice that it’s continuing to consider alternatives to an outright ban, such as placing restrictions on the use of DSCs to “mitigate negative investor outcomes.”Possible restrictions include banning DSC sales to seniors; limiting redemption fee schedules; banning leveraged DSC sales; setting account-size limits; and allowing hardship exceptions from redemption penalties.In the meantime, the OSC will be joining the rest of the CSA in banning the payment of trailers to discount brokers.“The ban on trailing commissions to certain dealers will end the charging of fees for advice that those brokers do not provide,” the CSA said.The planned rule changes banning upfront sales commissions will be published in early 2020, and the changes banning the payment of trailers to discounters will be published later in the year.“These expected rule changes, together with new conflict-of-interest rules that are being implemented under our Client Focused Reforms, will bring greater transparency to the fees paid by investors when they buy mutual funds,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers, in a statement.The regulators said that they expect both bans will have a transition period of at least two years.Once the planned DSC ban takes effect, fund firms will not be allowed to make new sales using the DSC option, the CSA said. The redemption schedules on funds sold via DSC before the ban is adopted will be allowed to run their course. Novice investors who trade for fun may not appreciate the risks: FCA OSC finalizes DSC ban 123RF Ontario will remain a holdout, but the rest of Canada’s securities regulators are moving ahead to ban deferred sales charges (DSCs).The Canadian Securities Administrators (CSA) have announced that they intend to publish a final set of rule changes in 2020 that will effectively outlaw DSCs and eliminate the practice of paying trailer fees to discount brokers — but Ontario is only on board with the action on trailers. Keywords DSC mutual funds,  Discount brokeragesCompanies Canadian Securities Administrators, Ontario Securities Commission James Langton Retail trading surge on regulators’ radar, Vingoe says Facebook LinkedIn Twitter Related newslast_img read more

June 15, 2021

Electric cars will soon be cheaper to make than gas cars: battery-maker

first_img ‹ Previous Next › Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2020 Chevrolet Bolt  Handout / Chevrolet Lithium-ion cells for electric vehicles currently cost about $145-per-kWh, and turning them into battery packs drives that up to $190-per-kWh.Arun Majumdar of Stanford opened the university’s Global Energy Forum, reports Forbes, by explaining he saw EV market penetration deepening after the $100-per-kWh threshold was reached in five to seven years.Envision Energy CEO Lei Zhang, a panelist at the forum, responded by predicting his company’s batteries would see that number in two years.Cheaper batteries will likely show up before car manufacturers can sell the vehicles built around them, however, as it normally takes up to five years for new vehicle designs to hit the market. Envision’s claims electric cars will become widely adopted “overnight” may not be so plausible. Trending Videos See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Envision owns the AESC battery business formerly managed by Nissan, and is currently working on batteries for wind turbines and energy management systems. Nissan now sources batteries from LG Chem. Trending in Canada The Rolls-Royce Boat Tail may be the most expensive new car ever Electric vehicle batteries will cost less than $100-per-kWh to make by 2020; and less than $50-per-kWh by 2025, significantly reducing manufacturing costs for EVs, according to a Chinese supplier of EV batteries.The $100-per-kWh threshold has been heralded in the industry as the price at which an EV could be made cheaper to produce than a gasoline-powered car.If Chinese battery manufacturer Envision Energy does indeed cross that threshold, it will hopefully mean consumers will see the mark-ups on EVs disappear; and automakers will see profits grow on battery-driven vehicles. RELATED TAGSChevroletNon-LuxuryNew VehiclesNon-Luxury advertisement PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca COMMENTSSHARE YOUR THOUGHTSlast_img read more

June 15, 2021

Corvette buyers cancelling orders as they await new mid-engined C8

first_img RELATED TAGSChevroletCorvetteNews Every few years, a car undergoes a major transformation. Buyers, realizing big changes are coming, wait to spend their money on the new machine.It’s a dynamic as old as Detroit, but certainly not unique to it (see: iPhone, Apple).At the moment, this pre-release slump has set in on the granddaddy of American sports cars: Chevrolet’s Corvette, the most collected car in America, is about to be reborn. Until then, though, no one seems to want the angry thing.Since its 1953 debut, the Corvette has been overhauled seven times. This time, however, the swoon in advance of the big unveiling is particularly pronounced, in part because General Motors is drastically changing the car.Its engineers have moved the engine from the front – where it has always been bolted – to the middle, behind the driver’s head and in front of the rear wheels.The swap moves the American sports car in line with competitors from Ferrari and McLaren who argue that the mid-engine layout makes for a more balanced car.The Corvette clan is ready. “We’ve been taking deposits for a rumored mid-engine Corvette since 2014,” said Sean McCann, floor manager at Stingray Chevrolet near Tampa, Florida. “People are canceling their orders (on 2019s) and starting to hold back, because they want to wait and see what’s going to come out.”Corvette sales in the U.S. have declined every quarter from the prior-year period since 2016. Dealers sold just 18,791 of the vehicles in 2018, 44 percent less than in 2015. Current models are idling on dealership lots, forcing dealers to offer large incentives. Stingray, for example, is dangling discounts and incentives up to US$15,000 on some of the high-performance models.If you’ve always wanted a Corvette and don’t care where the engine goes, now’s the time to buy one.General Motors declined to talk about the big Corvette upgrade or the sales slump, though the company did confirm a reveal date for the new car: July 18, in southern California.The Corvette is a so-called “halo car.” Its primary job is to shine so brightly on glossy magazine covers that the luster carries over to the local dealership floor and illuminates the greater Chevrolet galaxy, from the thirsty Silverado to the circumspect Sonic. From that perspective, the new ‘Vette is already doing just fine.The tricky thing, however, is that the Corvette is one of the rare speed machines that contributes significantly to the bottom line. General Motors makes a tidy profit on each one, and it typically sells a lot of them. At its peak in 2006, Corvette sales approached 37,000 in the U.S., roughly level with the Volkswagen Beetle and Lincoln Town Car.RELATED Trending Videos Chevrolet will auction off the last front-engined CorvetteSports cars in general are having trouble keeping up with the rest of the auto industry. Annual sales in the U.S. slid 22 percent in the past three years, as buyers clamored for SUVs of all shapes and sizes. Carbon-laced speed machines are expensive, and those who can afford them, mostly older buyers, are fast losing the physical capability to drive them—or at least get in and out of them.Jonathan Klinger, a spokesman at Hagerty Insurance, said the coming Corvette is a bid to attract younger buyers to the brand. McCann, at the dealership in Florida, is expecting a tide of customers who otherwise would be kicking tires at more exotic dealerships. Barring an economic meltdown, the depth of the swoon should reflect the scale of the coming Corvette boom.Created with Raphaël 2.1.2Created with Raphaël 2.1.2Tony Fiorello III (right) bought this 1965 Corvette for his ailing father and plans to add the 2020 version to his garage. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2019 Chevrolet Corvette ZR1 COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever The 2019 model is now in his garage. He drives it regularly, and has no plans to sell. Eventually, he figures it will be a collectible: the last of the front-engine Corvettes. Tony Fiorello PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Tony Fiorello, president of a dental implant company in Florida, will be one of many padding the sales stats for Chevrolet. He wanted the first mid-engine Corvette so badly he hedged his bets. In 2017, he put down two deposits, one for the 2019 version and one for the 2020. “It’s a paradigm shift,” he explained. “And I just knew that I wanted to be No. 1 on the list.” advertisement Chevy’s new mid-engined C8 Corvette is coming July 18 Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next ›last_img read more

June 15, 2021

Champion Canadian motorcycle racer Duhamel shot while biking in Nevada

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 In this March 7, 1999, file photo, Miguel Duhamel (17) edges out Mat Mladin (66) as the pair crosses the finish line of the Daytona 200 motorcycle race in Daytona Beach, Florida.  Craig Rubadoux / Associated Press RELATED TAGSMotorcycleFlexMotorcyclesMotorcyclesNew VehiclesFlex PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending Videos See More Videos He escaped all that dangerous high-speed motorcycling relatively unscathed, only to be shot by a passing motorist while out for his daily training run. “A car came behind me like they always do,” the former champion told KVVU-TV, “but this one came up and I heard a shot, like air disperse. It went pow!”Thankfully, the pellet was partially blocked by his bicycling helmet, but DuHamel still needed attention from paramedics. “I keep touching it, I don’t know if there is still a piece left in my head if it penetrated or not,” said Duhamel.Duhamel didn’t catch the license plate of the offending car, but did specify it was a Nissan 300Z with special matte black paint, so hopefully the shooter won’t be hard for police to track down. “Hoping for other cyclists, walkers and joggers, that these people don’t just go around and have fun shooting people like that,” said Duhamel. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending in Canada The Rolls-Royce Boat Tail may be the most expensive new car ever As for adding that qualifier of being “arguably” the most successful Canadian motorcycle racer of all time, it’s worth noting his main competition for top Canadian in the AMA’s hall of fame is Miguel’s own father, Yvon, who was an absolute terror on Kawasakis in the 1970s. And, as I remember, Duhamel the elder was famous for his temper. The cowards that shot his son better hope the police catch them before Yvon does. advertisement Not content to shoot each other, now those crazy Americans are shooting we Canadians, including our beloved champ motorcyclists.According to Fox New Las Vegas, a Canadian bicyclist was shot in the back of the head with a BB gun while pedaling through Nevada’s Red Rock Canyon recently.And this was no ordinary Canadian. Miguel Duhamel is arguably Canada’s most successful motorcycle racer of all time, having won the American Motorcyclist Association Champion once; its Supersport title five times; Formula Extreme two more times; and capping it all off with a World Endurance Championship win in 1992. COMMENTSSHARE YOUR THOUGHTS Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next ›last_img read more

June 14, 2021

Colorado business leaders’ confidence up heading into 2016

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Jan. 3, 2016 Audio ScriptColorado business leaders’ confidence up heading into 2016Jan. 5, 2016                                      Richard WobbekindAfter a small dip last quarter, the optimism of Colorado business leaders grew modestly for the start of 2016, according to the Leeds Business Confidence Index released today by CU-Boulder’s Leeds School of Business.The overall first-quarter reading is up 2 points from last quarter, an indication business leaders believe the state and national economies are strong, says economist Richard Wobbekind (WAH-be-kin). CUT 1 “I think they see what’s going on around them. Business in Colorado has been strong but a lot of it has to do with sales and profits and they are selling not just in Colorado, but to other states around the country and both of those numbers were up. (:13) So the business leaders in Colorado believe that we are in a more expansionary mode but, very importantly, they showed a little more faith in the national economy. They’re clearly feeling better in general about the direction of the economy.” (:27)The greatest concerns among business leaders at the start of 2016 include interest rates and federal policy followed by the availability of a talented workforce, global and domestic economic growth, election year politics, the regulatory environment and the cost of housing, says Wobbekind.CUT 2 “A whole group of people commented on Fed policy and interest rates. That was the number one concern that they had going into 2016 and they were worried that the Fed was going to raise rates too rapidly. (:13) That the timing of this first increase may have been too early and essentially arguing that the economy was somewhat fragile and they didn’t want to see the Fed mess it up. (:22)Colorado’s unemployment level decreased from 4.2 percent in August 2015 to 3.6 percent in November 2015. The November rate compares with a national unemployment reading of 5 percent at that time.For more information and to read the report visit the Leeds School’s Business Research Division page.-CU-last_img read more

June 13, 2021

Silver Trident Winery Names Shane Soldinger General Manager

first_imgShare AdvertisementYountville winery begins third yearYountville, Napa Valley, April 2017 — Silver Trident Winery Tasting Home founders Bob Binder and Walter Jost have announced that Shane Soldinger has been named General Manager. “The business has far exceeded our expectations, and Shane has been a key part of that success,” they commented in making the announcement. “The popularity of our Flagship Club, the elegant professionalism of our tastings, our exuberantly enthusiastic guests—Shane’s efforts now are recognized in his new title,” they add.“I am honored to be part of the team which has worked to establish Silver Trident Winery as an extremely well respected brand amongst our industry peers as well as to visitors of the Napa Valley and wine enthusiasts everywhere,” Soldinger says. “Silver Trident has garnered a rock-solid reputation for providing a truly unique guest experience, and as part of that reputation, we’ve also built a top notch team and a loyal following. We’re producing great wines from distinguished vineyards and are able to offer them at competitive prices,” he adds.Soldinger was the first employee hired by the founders when they launched the Yountville based winery in 2015. He also serves on the Board of Directors of the Yountville Chamber of Commerce and is a member of the Silverado Pickups, Napa Valley’s premier rock and roll band. Soldinger grew up in Chicago and first entered the wine business in 2000 when he worked a harvest at Cosentino Winery, eventually becoming GM there. Shane earned his sommelier certification through the Court of Master Sommeliers and was also the Director of Sales and Marketing for Crocker & Starr Wines.The Tasting Home, at 6495 Washington Street in Yountville, offers its collection of six Napa Valley wines in an elegant, residential-style interior furnished with Ralph Lauren Home. The intimate setting welcomes guests to enjoy the wines while seated in either the sitting room, living room or dining room. The environment expresses Ralph Lauren Home’s timeless thoroughbred lifestyle with furniture and lighting, fine area rugs and decorative accessories—all of which are available for purchase.The Silver Trident Winery Tasting Home welcomes walk-in guests. The Tasting Home is open from 11:00 a.m. to 6:00 p.m. seven days a week and for special events by appointment (707/945-0311 or [email protected]). Tastings are $30.00. Reservations are required only for groups of 6 or more. Each tasting will include a minimum of four wines.   The winery’s name is a tribute to the owners’ long-standing affiliation with cruise ships. Bob Binder is the co-founder of Oceania Cruises, a luxury cruise line which has partnered on projects with The Wine Spectator, Lalique and Bon Appétit Magazine. Swiss-born Walter Jost is an accomplished advertising and media executive.For more information: www.SilverTridentWinery.com.Advertisement Previous articleNew Vineyard Management System Offers Breakthrough AffordabilityNext articlePassport Weekend Offers One-of-a-Kind Wine Tasting Adventure in El Dorado County Press Release ReddIt Twitter TAGSpeopleShane SoldingerSilver Trident Winery Facebook Email Pinterest Linkedin Home Industry News Releases Silver Trident Winery Names Shane Soldinger General ManagerIndustry News ReleasesWine BusinessSilver Trident Winery Names Shane Soldinger General ManagerBy Press Release – April 4, 2017 82 0 last_img read more