He said plans were in place to deal with unplanned outages. The key focus of the plan was to attend to those areas that experienced repeated unplanned outages on the same day or week. AFD and Eskom commit to a competitive electricity sector Finance and Policy A computer virus, which hit City Power on Wednesday resulted in a blackout to its internet technology system, leaving scores of Johannesburg residents unable to purchase electricity, as their kilowatts approach 0.00, reported News24. Please send someone to bypass my meter as I am unable to purchase electricity. Please respond.— Mohsin Desai (@mohsindesai1978) July 25, 2019 City Power has urged customers to use electricity sparingly during this time. On Thursday, City Power reported that its system was hijacked by a Ransomware virus leaving customers unable to access the utility’s website or purchase prepaid electricity units from vendors. TAGScybersecuritySouth Africa Previous articleMali’s efforts to improve access to renewable energy gets a boostNext articleAIIM fund raises $320m from Africa, Asia and the EU Nicolette Pombo-van ZylAs the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention. Generation Read more on:Cybersecurity Source: News24. Edited by ESI Africa On Wednesday, the utility announced that it was experiencing capacityconstraints due to the cold weather in Johannesburg. Read more on:Could Argentina’s power blackout have been a cyberattack? Featured image: Stock Mangena said cold weather conditions could result in unplanned outages, asthe electrical system experienced overloading when demand increased. “We have also increased the number of technicians in areas that areprone to repeated unplanned power outages. The virus also prevented those who had already bought their prepaid electricityfrom uploading the units to their meter boxes. RELATED ARTICLESMORE FROM AUTHOR BRICS UNDP China, CCIEE launch report to facilitate low-carbon development City Power working round the clock City Power will continue to update customers and all stakeholders about the progress of the recovery and restorations. And about the outcomes of the investigation into the cause of the cyber attack.— @CityPowerJhb (@CityPowerJhb) July 26, 2019 “More teams have been put on standby so that they can be dispatched to attend to outages and respond to emergency calls,” he said. Low carbon, solar future could increase jobs in the future – SAPVIA The power utility’s spokesperson Isaac Mangena said the virus had attacked its database and other software and affected most of the utility’s applications and networks. The virus has also affected City Power’s website leaving customers unable to access the site for information. Sign up for the ESI Africa newsletter #Update City Power has been hit by a Ransomware virus. it has encrypted all our databases, applications and network. Currently our ICT department is cleaning and rebuilding all impacted applications.^GR— @CityPowerJhb (@CityPowerJhb) July 25, 2019 “It may also affect our response to some outages, as the system to order and dispatch material is affected. City Power IT team has been working since early [yesterday] morning 01:00 to fix this problem,” Mangena said.
LIC Stake sale; For who’s benefit is it anyway?Ever since our Finance Minister Smt.Nirmala Seetharaman mooted the idea of LIC stake sale in the Budget, the sea of information, the discussions, articles, sharp criticism spread across the country just about signifies the enormous amount of goodwill LIC institution carries among the people of the country. It has also been obvious that so far no coherent justification has been made substantiating the proposed LIC stake sale.Four reasons were stated in the Budget. The listing will discipline a company, give access for its capital needs, shall unlock its value benefiting retail investors and transparency are the four issues raised in justification of the stake sale announcement. The most obvious reason being the target of Rs.2.1 lakh crore disinvestment target in the Budget.Capital needs; That of LIC or the Market?The share markets do indeed cater to the capital requirements of the listed companies. Share Markets have come to become a popular and integral design in the age of neoliberal economy. The proponents of the capitalist system want the capital markets to surge ahead as prime movers of the economy even overbearing the mandate of the financial arms of the state in countries of the world. Yet, it is the cyclical crisis of the capitalist model that reaffirms the relevance of the state as the 2008 crisis showed the entire world.The moot question is Whether LIC needs capital? With more than 5.6 lakh crore of total income, more than 30 lakh crores of assets, a steady stream of premium and investment income, LIC has not been searching for capital for its business needs. In fact, it is resourceful enough to fund 25 per cent of the borrowing needs of the central government. Hence the doubt arises if the stake sale is to meet the capital needs of LIC or that of the markets?Will retail investors benefit? Yes without a doubt. In a country where only less than two per cent of the population access the share market, unlocking the value of a mammoth financial organisation for the purpose of retail investors obfuscates the stated purpose. But in the process, the stake fully enjoyed at present by the entire 135 crore population of the country will be shrunk to accommodate a few thousand out of the estimated four crore retail investors in the country. The Finance Minister seeks to draw the support of the investing public in the country with the argument.Will listing Discipline a company?The country including the government has remained a muted spectator even as the savings of millions of retail investors in the markets were lost as the likes of DHFL, ILF&S, RCom, Reliance Defence, Essar, and the newest in the block Yes Bank just keep fading from the favourite lists in the markets.We are still witnessing the inconclusive debates between the present FM Smt.Nirmala Sitharaman and earlier incumbent Sri.P.Chidambaram on sharing the legacy of the more than 8 Lakh Crore Non Performing Assets that have wrecked the Indian Banking System. Were not the Banks that lent the loans listed in the market? Were not the companies and large industrial groups who failed to repay the loans listed in the market? Could the FM explain why the markets failed to discipline the companies in question? The Yes Bank was a famed listed entity in the market.The latest crumbling of the Yes Bank just reveals the limitations of the regulatory framework in practice in a crisis. The market regulator SEBI has been watching in despair while businesses fail continuously pushed to the verge of ruin by none other than the promoters, who rise amid the chaos, remain affluent and richer than before their venture. The government has had to formulate an Insolvency and Bankruptcy Code to deal with the emerging challenge thrown open by the unscrupulous crowd in the corporate world.Transparency and the market…One can witness few analysts in the market who raise the issue of transparency to question the government, specifically the finance ministry in not letting the LIC full functional autonomy with particular reference to some of the investment decisions. Strangely, the FM herself has come up with the issue of transparency with regard to LIC stake sale. If the FM too attributes such a reason, she is in a perfect position to accord full further possible autonomy and operational control to the LIC management.All insurance companies including LIC are subject to IRDA’s supervision and control. IRDA has come out with exhaustive investment guidelines in 2016. Each company has to file quarterly, half-yearly and yearly reports on all their specified activities. Companies are subject to public disclosure norms and these details are there in the IRDA web site. In fact, LIC being a fully owned government institution it is also accountable to the parliament apart from meeting the industry standards.The top brass of LIC has been constantly been followed by the financial press. Questions have been asked seeking answers about specific investment decisions that may not have had the desired results or which the press regards worth of further clarification. The LIC management has been pestered with questions about the NPA even though it has repeatedly clarified that the total NPA is under 0.4 per cent and has been fully provided for.On the other hand, we may rather say that the LIC has never received its due in terms of public attention. Had a private institution made all the achievements that LIC has done until now, the financial world would have celebrated in every possible manner to celebrate its success. The Chairman of the company would have found a special prominent place in the Prime Minister’s entourage on its visits abroad. The world of TV and press would have woven a larger than life image of this invincible brand given its contribution to the people at large, the society, the government and the nation.LIC has been a nemesis to the pundits of the market who have not been able to ascribe to the reality of the institution continuing to be the market leader after two decades of opening up of the industry. Hence, they seek to destabilise with whatever possible argument. And transparency is just one of them.Will the policyholders, the employees be affected?The government has clarified that the government guarantee under Sec 37 shall remain. The policyholders of LIC or the employees will not be affected immediately. But the government move may well end up harming the very interest of the government itself in the long run.We all have heard about the story of Bhasmasura being granted a boon by Lord Shiva after long penance. But, very soon Bhasmasura would make life difficult for Lord Shiva who granted him the boon based on his penance. It is our ardent fear that the fate of Lord Shiva should not befall on the Government of India.The last argument is the small percentage of the intended stake sale. All other arguments are buttressed with the final word about the small per cent that is proposed to be sold by the government. Like the Akshaya Patra, the inexhaustible vessel, LIC is an inexhaustible source of revenue to the government. The argument of small per cent is similar to a smaller hole on the face of the Akshaya Patra, which is never acceptable.The LIC of India celebrated its 65th anniversary on 01 September 2020. LIC is a success story of Independent India. The enormous contribution of the public sector LIC to the nation merits the institution to be preserved and nurtured for all future generations. LIC of India is the most powerful tool in the hands of the government in its much avowed ‘Atmanirbhar’ initiative. LIC of India deserves to be left as a jewel in the crown of all governments to come.
Assistant Professor/Associate Professor/Professor (1 TenureTrack Position)Required Qualifications:PhD degree or equivalentActive or emerging research program in cancer isrequired.Hold or be eligible for a valid NY State professional nurselicensePreferred Qualifications:Postdoctoral experienceJob Description:The School of Nursing at Stony Brook University and the Stony BrookCancer Center invites/seeks applications for (1) full-timetenured/tenure-track position from individuals who are passionateresearchers, engaged faculty, and experts in their field, who havea program of research in cancer. Candidates should be prepared topursue an active program of research, with collaborative efforts inboth the Stony Brook School of Nursing and the Stony Brook CancerCenter. Candidates seeking an appointment to a senior faculty rankmust have active research funding. Rank and salary is commensuratewith qualifications and experience. Stony Brook School of Nursingand the Stony Brook Cancer Center offers generous start-up packagesto highly qualified faculty.At the rank of Assistant Professor, applicants must haveoutstanding research training and demonstrate research productivityand the potential to secure extramural research funding to supporttheir development as a successful independent research scientist.At the rank of Associate Professor or Professor, applicants willhave or will demonstrate successful track records to obtain fundingto support independent programs of funded research. AssociateProfessor or Professor candidates should also be prepared to mentorjunior faculty. All candidates should be prepared to mentordoctoral students, be committed to fostering diversity andinclusion, foster collaborative interdisciplinary research, andteach at the undergraduate/graduate levels. Applicants withfederally funded programs of research will receive reduced teachingloads relative to grant effort. Applicants seeking funding willreceive reduced teaching loads for the first year.Rank and salary is commensurate with qualifications andexperience.Applications should include a cover letter outlining areas ofactive research, current teaching/practice experience, and a CV.Applicants should be prepared to supply a list of no less thanthree references upon application and undergo a criminal backgroundcheck and drug screening.For more information and to apply, visit: https://apply.interfolio.com/86771 Equal Opportunity Employerjeid-45a92ae032a47349997d89941881c96c
Zillow CEO Richard Barton (Credit: iStock)Zillow Group is seeking more than $1 billion in cash amid its “bold expansion.”The company announced earlier this week two offerings of convertible senior notes — a $600 million offering due in 2024 with a fixed interest rate of 0.75 percent and a $500 million offering due in 2026 at a fixed rate of 1.375 percent, Inman reported. The sale is expected to close on September 9. When the notes mature, the company will repay investors in cash or shares of its Class C capital stock.In a release, Zillow said it would be using the cash injection for “general corporate purposes,” which could include “working capital, sales and marketing activities, general and administrative matters and capital expenditures.”On the company’s last earnings call, CEO Rich Barton compared Zillow’s bet on its instant homebuying service, Zillow Offers, and mortgage business to a “moon landing.” Both bets drove revenue in the second quarter and the CEO said it was evidence of the “early stages of a bold expansion” of Zillow. Based on second quarter results, Barton said Zillow Offers was on track to hit an annualized run rate of $1 billion in revenue.The week before, portfolio manager Steve Eisman, who famously shorted the subprime market, said Zillow is one of his largest short positions. He told The Real Deal that he believed the company has run out of ideas. He described Zillow’s mortgage and iBuying businesses as proof that their “basic business” of making money off its traditional listings platform “was faltering or slowing.”“In a recession, you’re going to get your head handed to you,” he said. [Inman] — Erin Hudson This content is for subscribers only.Subscribe Now
ShareTweetShareShareEmail Related Items:Women’s World Handball Player 2017 ShareTweetShareShareEmailCommentsOver 66.000 votes are in the system until now in Contest for the Women’s World Handball Player 2017. The 32 world’s best players nominated by handball journalists and experts from 13 countries, are in the race for the BEST 8 and prestigious award of the queen of handball for 2017.Handball fans can support their favourite girls until January 4, when results will be announced.VOTINGVote for World Best Coach in Women’s Handball 2017 until January 4! Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Click to comment
ShareTweetShareShareEmailCommentsThe 10th International Handball Goalkeeper’s Camp will be organized as planned between June 22 and 28 in Omis, Croatia.One of the events with the biggest tradition, certainly, the biggest when goalkeepers are in question, won’t be postponed despite Europe dealing with specific situation with corona-virus.“Situation in Croatia is very good and we are happy to welcome our guests, young goalkeepers, for the tenth year in a row”, wrote organizers.Combination of work and spending time with goalkeepers’ stars like Benjamin Buric, Dejan Milosavljev, Marin Sego, Maissa Pessoa, Clara Woltering and coaches Haris Porobic, Marko Markis, Vladimir Vujovic, is something which attract future goalkeeper’s stars to come to Adriatic coast.Applications are again OPEN, so you can catch some late arrival to Omis.FACEBOOK PAGE ShareTweetShareShareEmail Click to comment Related Items:10th International Handball Goalkeeper’s Camp Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment.
Icomera has partnered with GoMedia to launch a new real-time customer information solution which uses live data to update passengers on the status of their journeys, allowing them to plan their onward route.Speaking at the show, Roger Matthews, MD of GoMedia, says: “Passengers rightly expect seamless access to real-time travel data regardless of transport type. It is very exciting to be working with Icomera to make this a reality and to empower passengers to take control of their bus or coach journey.“In addition to being able to use reliable, high-performance onboard Wi-Fi, passengers will now have instant access to accurate arrival times, assistance and onward travel options. This information will be available via passengers’ smart devices.The online portal will be hosted on Icomera’s ICR-2 router. The ICR-2 is part of Icomera’s X-Series platform for mobile internet connectivity and public transport applications.Dave Palmer, Managing Director of Icomera UK, says: “Icomera is pleased to be working with GoMedia to deliver this innovative joint offering for operators.”
For the third year, several Harvard College students have been awarded Lester Kissel Grants in Practical Ethics to carry out summer projects on subjects ranging from the role of the International Criminal Court in The Hague, to the psychological and social consequences of the threat of deportation. The students will use the grants to conduct research in the United States or abroad, and to write reports, articles, or senior theses. Each grant supports living and research expenses up to $3,000.The recipients were selected by a committee under the auspices of the University-wide Edmond J. Safra Foundation Center for Ethics, which administers the grants.“This year’s Kissel Grant winners are exploring a number of moral frontiers, from rights to citizenship to the status of animals,” said Arthur Applbaum, acting director of the Ethics Center and professor of ethics and public policy at the Kennedy School of Government. “We are very pleased with both the quality and range of the normative research proposed by our undergraduates.”THE RECIPIENTS ARE AS FOLLOWSDaniel W. Asher, a senior social studies concentrator, will explore the ethics of U.S. immigration policy, asking whether the liberal tradition of political philosophy and American’s common moral intuitions can justify America’s current exclusionist policies. Drawing on the works of Rousseau, Jefferson, and Habermas, Asher will argue that a major change in U.S. policy is a moral necessity.Trevor Bakker, a sophomore social studies concentrator, will conduct research at the International Criminal Court in The Hague, Netherlands, on the ethical challenges faced by the court in its collection of evidence and decisions to prosecute amid ongoing violent conflict. Research will include direct observation of trial sessions and interviews with members of the court.Joanna Bronowicka, a junior social studies concentrator, will research the psychological and social consequences of the threat of deportation to the country of origin in a community of undocumented immigrants in Paris. She will explore the role of fear as a factor in mobilizing collective action and forging collective identity in comparison with the immigrant communities in Boston and London.Jay Costa, a junior concentrating in biological anthropology, will undertake senior thesis research examining the role of consequences and intentions in determinations of punishment. He will utilize behavioral psychology experiments to test an adaptive hypothesis of the privileging of consequences in individual judgments of punishment, and he will conduct a cross-cultural analysis of legal systems in order to explore whether a similar reliance on consequences persists at a systematic level.Henry Cowles, a senior environmental science and public policy (ESPP) concentrator, will expand a chapter of his senior thesis, which was on the origins of legislated wildlife protection in Britain during the 1860s, to address the explicitly ethical dimensions of that project. He will explore the ways in which ethical status was first granted to wild animals by addressing both the theoretical roots underpinning the early wildlife preservation movement and the social and cultural context in which that movement was born.Da Lin, a junior mathematics and economics concentrator, will undertake research on “Regulatory Cosmopolitanism,” for a European project titled “Pathways to Human Dignity.” She will examine the regulatory challenges presented by modern bioscience in the specific context of moral exclusion in patent regimes. In particular, she will explore ways to secure compliance with international regulations based on fundamental values while empowering national regulators who strive to uphold local standards.The Lester Kissel Grants are made possible by a gift from the late Lester Kissel, a graduate of Harvard Law School and longtime benefactor of Harvard’s ethics programs. For further details about the Kissel Grants, visit http://www.ethics.harvard.edu.
The future of the immigration issue rests not in the hands of those in Washington D.C., but in the hands of today’s youth, a former archbishop said at Student Senate’s meeting Wednesday. Cardinal Roger Mahony, archbishop emeritus of Los Angeles, asked the senators how many of them knew an undocumented student who attended their high schools. Approximately half raised their hands. “We need you, you’re the ones who are going to get this done because you know personally people affected by our current policy which is very broken,” Mahony said. Mahony is currently advocating the Dream Act, a bill that would grant legal residency to undocumented students who attend college, graduate and serve in the military for a minimum of two years. “This act looks at one segment of undocumented people and that’s young people who were brought here at the age of 16 or younger,” Mahony said. “They did not make the choice to come here. They were brought here by parents or relatives.” These young people often graduate from high school and college, Mahony said, but have no where to go from there. “Once they finish college they are at the end of a dead end street because they have no Social Security number of legal status,” he said. “They can’t get a job that is equivalent to their education and training.” Mahony has spoken with many of these “dreamers,” including some attending Saint Mary’s College and Holy Cross College, and said he feels heartbroken by it. “They say to me, ‘What do I do when graduation comes?’ And I don’t have an answer,” he said. “I don’t have any next step to utilize what they have done and gone through to help them.” The Dream Act is a simple yet highly rewarding way to reform the current immigration laws, Mahony said. However, the federal government did not pass the Dream Act when it was before Congress. Mahony said anti-immigration feelings are running high due to the economic downturn. “In 2000, no one was discussing immigration because unemployment was at 3.9 percent and we needed all those people,” he said. “But every time there’s a recession there is always a new focus on immigration as a problem. In our country we’re really bent on blaming someone for our economic downturns, and we inevitably turn to immigration.” Mahony said this constantly changing attitude is similar to the United States erecting a fence with two signs, one that says “No trespassing” and another that says “Help wanted.” For example, the United States claims it does not want or need more workers, Mahony said. However, the undocumented immigrants often perform the jobs that many Americans refuse to do themselves. “If we moved all the standards of regular U.S. employees and the benefits and wages to agriculture, then a head of lettuce would probably cost $5,” Mahony said. “On one sense, we don’t want these people here. On the other hand we like our lettuce for 70 cents a head.” The last major immigration law was the Immigration Regulation and Control Act of 1986, Mahony said. This act gave a limited amnesty to undocumented immigrants who had been living in the U.S., working and paying their bills for the past five years. Mahony said many church leaders asked the federal government to include plans for the future in the act and the government promised to address that issue later, but never did. “Now we have 11 million undocumented living in the U.S. today, almost all of them living in blended families where some members are documented and some are not,” he said. “And we can’t move them out of the shadows.” The dreamers represent a very small portion of the undocumented, Mahony said, a portion whose talents and gifts are being wasted. In the meantime, he said the only advice he can offer these students is to remain in school despite the discouragement they often feel. “It is better to be educated than not educated,” he said. “As we move down the road and there’s an opportunity for you to become legal, and we’re going to get there, your having a college education is extremely valuable.”