An Oxford academic has this week hit out at the new five pound note for “dumbing down” the English language. It was recently reported that the note, which features celebrated Prime Minister Winston Churchill, uses incorrect grammar and syntax for a famous quote.“I have nothing to give but blood, sweat, toil and tears” is not placed in quotation marks on the note. According to Oxford academic Dr Tara Stubbs, “it is a bit peculiar because it looks like it is the five pounds that’s speaking and not Winston Churchill.”Stubbs also had strong words for the grammar to be found within the quotation, saying: “It also doesn’t have the Oxford comma after ‘tears’. To take that stuff out is condescending and I find efforts to dumb down like this just irritating.”The National Literary Trust also weighed in on the controversy, with the scathing statement that “If you are referencing a quotation word-for-word, use double quotation marks at the start and end of the quoted section. Place full stops and commas inside the quotation marks for a complete quoted sentence.”This is not the first time since their circulation began in October that the new five pound notes have incurred outrage. Shortly after their first release, it emerged that small quantities of animal fat, or tallow, were used to make them. At the time, the Bank of England said “The Bank was not aware of the presence of animal-derived products when it signed the contract with its supplier for the five pound and ten pound banknote polymer.” However, after alerting the public, the Bank chose to continue as planned with the notes’ production, much to the anger of vegan and vegetarian groups.Responding to Dr Stubbs’ comments, the chair of the Royal Society of Literature, said that Churchill “as an orator” would probably not have regarded such syntactical or grammatical discrepancies as important.The late Sir Winston’s thoughts on the commercial use of animal fat are unknown.
Ray Maota Launched in 2010 by Minister TokyoSexwale, Lufhereng is a Department ofHuman Settlements housing developmentin the south of Johannesburg.. Minister of Human Settlements TokyoSexwale called on the private sector tohelp the government fulfil its obligationto give people affordable and dignifiedhousing.(Images: Ray Maota)MEDIA CONTACTS• Department of Human Settlements+27 12 421 1311The South African Department of Human Settlements recently launched a new campaign, appealing to the private sector to help it address the country’s housing backlog.Minister of Human Settlements Tokyo Sexwale launched the “Each-One-Settle-One” campaign at the Johannesburg Stock Exchange (JSE) on 29 September 2011.The aim is to lobby various stakeholders, including the JSE’s Top 200 companies, to help in whatever way they can to supply decent shelter to those living in squalor.Sexwale said: “Government has built over 3-million subsidised housing units since 1994, but due to the increasing number of households, the decreasing household size and migration into urban areas, we cannot supply enough shelter for all.”According to the department, there are currently more than 2 500 slums accommodating homeless people in South Africa and increasing overcrowding in backyard dwellings. Some 2.1-million houses need to be built to provide 12-million people with decent living conditions.Subsidised housing costs the department R55 000 (US$6 000) per unit.The Human Settlements Department aims not only to build more houses, but to build communities with closer access to work and social amenities.More first-time homeownersImpala Platinum has joined the campaign by undertaking to provide 1 500 affordable, freestanding two- and three-bedroom units to its employees in Rustenburg, North West province, over three years.Some of the targeted employees are considered too risky by banks for financial assistance.Leon van Schalkwyk, group executive at Impala, said: “We are proud to be associated with the department in improving housing delivery and creating sustainable human settlements in South Africa, particularly in North West province.“The development is now sold out, which has enabled many employees to become first-time homeowners,” he added.Financial contributions to the campaign will be held in a separate bank account overseen by an independent board of trustees, while the department will hold quarterly media briefings to report on progress.These reports will also be available on the department’s website.Making the differenceIt is hoped that participation in the campaign will help South Africa achieve its goal of providing sustainable and dignified human settlements to all citizens.Individuals and companies can play their part by making financial pledges, donating their services, expertise, building material, time or land.Owners of homes whose employees live on their property can also help by providing permanent housing for their employee during his or her tenure.Socio-economic benefits of the campaign include job creation, skills development, individual dignity and community upliftment.Van Schalkwyk said: “Our goals are consistent with those of the campaign. We seek to build stable and sustainable communities and our investment in home ownership programmes underlies the company’s commitment to both its employees and the residents of North West province.”Endorsement by mining giantAnglo American Platinum (Amplats) has also thrown its weight behind the campaign.Amplats is building 20 000 houses for its employees over the next 10 years as part of its Employer Assisted Housing Scheme and will contribute R1.4-billion ($170-million) towards it.The mining giant will build 12 000 housing units in North West and 8 000 in Limpopo.More than 130 families have already moved into houses built in Seraleng in Rustenburg.These settlements are located close to the places where Amplats employees work.Khanyisile Kweyama, human resource executive at Amplats, said: “In everything we do, we strive to make a difference to the communities in which we operate and exceed their expectations.“Therefore, our housing initiative is in line with these values and emphasises our complete dedication to the sustainable development of these communities.”Kwayama added that the “Each-One-Settle-One” campaign is a great opportunity for the corporate sector to come together under one initiative, as a united approach can achieve more.
Tweets you can use to share this episodeSales managers are some of the least equipped people in the industryClick To TweetHow many potential customers exist in your sales territory? Do you know?Click To TweetSubscribe toIn the ArenaApple PodcastsGoogle PodcastsAndroidby EmailRSSOr subscribe with your favorite app by using the address below Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Now Podcast: Play in new window | Download (Duration: 43:35 — 40.0MB)Subscribe: Apple Podcasts | Android | Email | Google Podcasts | RSS“Sales managers are one of the least equipped roles in business.”That is what Dave Brock says when he looks over the sales landscape. That’s one of the main reasons he wrote “The Sales Manager’s Survival Guide,” available now on Amazon and other Bookstores. The book is formatted into easily digestible, short chapters that enable you to keep the book on your desk as a quick reference guide to the sales scenarios you face day to day with clients and with your sales team. In this conversation, you get a great peek into the contents of the book and what Dave hopes to happen your sales management because of it.Why Sales Managers Need the Sales Manager’s Survival Guide From Dave Brock – Episode #73Click To TweetSales managers are some of the least equipped people in the industry.When the sales manager doesn’t know what he’s doing the entire team and the entire organization suffers. It’s an obvious fact, but what’s not so obvious is that very few sales managers have been adequately trained to know how to actually BE a sales manager. That’s a fundamental premise of Dave Brock’s book and in this conversation you’ll hear him defend the statement and give examples of why sales managers need help in knowing how to do things like establishing a cadence in their sales cycle, review their sales pipeline, and hold sales executives accountable in good ways. You will gain a good deal from this conversation so be sure you take the time to listen.A field manual for sales managers to up the entire team’s sales game.When you’re in the midst of a difficult situation with a member of your sales team, you don’t want to be ignorant of what to do or how to think about what’s going on. That’s why Dave Brock wrote “The Sales Manager’s Survival Guide” in a short chapter, easy to reference format. He wants you to be able to find the solutions to your situations quickly and have the experience of a “sales coach” at your fingertips. If you haven’t grabbed a copy of the book yet, you’ve got to get one right now. You can find it in the links on the show notes page for this episode.A field manual for sales managers to up the entire team’s sales gameClick To TweetHow many potential customers exist in your territory? Do you know?Part of doing a good review of a sales professional’s strategy is to assess how many of the organization’s target clients exist within their sales territory. It’s a surefire way of understanding the breadth of the prospects the salesperson has to call and visit. Every sales manager should be able to instruct their sales force how to do that kind of assessment and make the most of the results. On this episode of In The Arena, Dave Brock walks through that type of assessment and explains how it helps the entire organization remain organized, active, and accountable.Sales accountability: The uncomfortable but needed asset in sales.Many sales organizations are lax when it comes to the kind of accountability that generates active pursuit of prospects and increase in sales revenue. One of the reasons accountability is such a difficult task for most sales managers is because they’ve not established clear expectations in terms of the number of leads in the sales pipeline, the timing and duration of the typical sales cycle, and what steps should be taken to move prospects through the cycle in a reasonable amount of time. Dave Brock lays it out for us on this episode.Sales accountability: The uncomfortable but needed asset in salesClick To TweetOutline of this great episode The reason Anthony invited Dave Brock back to the show. The feedback Dave is getting from his book so far. What Anthony likes best about Dave’s book: the easy use format. The need for training for sales managers and middle sales leaders. What is cadence and what is the value of it? Why sales managers struggle to do a proper pipeline review. Accountability in sales and why it’s often avoided by sales managers. Dave’s current work on another project: The Sales Executive’s Survival Guide. How do we deal with the overwhelming complexity we face in business today?Our Sponsors:Heroic Public Speaking – Michael Port’s incredible public speaking programThe Only Sales Guide You’ll Ever NeedResources & Links mentioned in this episodewww.PartnersInExcellence.com – Dave’s blog. Contact him to get the sales competency model.Toastmasters0997560207 The theme song “Into the Arena” is written and produced by Chris Sernel. You can find it on SoundcloudConnect with AnthonyWebsite: www.TheSalesBlog.comYoutube: www.Youtube.com/IannarinoFacebook: https://www.facebook.com/iannarinoTwitter: https://twitter.com/iannarinoGoogle Plus: https://plus.google.com/+SAnthonyIannarinoLinkedIn: https://www.linkedin.com/in/iannarino
1. Volcano BoardingWant to race down the side of an active volcano seated on a bit of board at speeds of up to 80 kmph? Volcano boarding is the sport for you. Said live volcano is in Nicaragua, the 2,380 ft-high Cerro Negro, or black mountain, Central America’s youngest volcano. It’s erupted over 20 times since its birth in 1850, making it rather an active specimen–which only adds to the thrill of the sport. Volcano boarding started in 2005, and to date, more than 10,000 people have had a go at it. It involves a moderately taxing 45-minute climb up the mountain to the start off point, a short training session, and you’re ready to whoosh down the slope. It’s a wicked ride–the side of the mountain is covered in pebbles and dust that fly into your face as you try and stay balanced on the piece of board as it zooms down. Protective jump suits, knee pads and helmets are de rigueur and don’t try and scream when you hit 80, the results aren’t pleasant. If you want to spike up the adrenaline, try the same 1,600-ft descent standing up.For more information check out www.bigfootnicaragua.com; www.tierratour.com or www.vapues.com2. Themed CruisesThere was a time when a cruise was all about the experience of life on the high seas. That’s so vanilla now. The new wave of voyages are all about the theme, and your choices are many. Marina from Oceania Cruises is all about gastronomy, with ten restaurants of which six are gourmet, a culinary studio for lessons and La Reserve for wine tasting. Too restrained for you? Try Carnival Magic from the Carnival Cruise Line whose water slides are as scream-inducing as anything on land and a whole lot of other waterworks that will have you have you soaking up the fun. Disney Dream from the Disney Cruise Line also offers some magical entertainment taking you into the world of Nemo and Pirates of the Caribbean with interactive technology. Too frivolous? Try a Hurtigruten climate voyage in the Arctic circle, including polar bear spotting and lectures. Check out www.oceaniacruises.com; www.carnival.com; www.disneycruise.disney.go.com; www.hurtigruten.co.uk3. Bibliophiles BreaksEver since The Da Vinci Code sent masses of people on conspiracy theory tours of Paris, and Harry Potter showed them magical London, there’s no gainsaying the popularity of holidays for bibliophiles. Literary festivals are the new Woodstock, Hay-on-Wye draws a staggering 80,000 most of whom have camped out in the fields; closer home, Jaipur Literary Festival drew around 35,000 this year. If the festival is too long drawn out for you then there’s The Reading Weekend, which looks to be a new English institution combining the pleasures of a classic countryside retreat with bibliotherapy, bedtime stories and literary suppers. Such is its success that it’s soon going to become The Reading Week and up sticks to the Caribbean. Besides the ubiquitous tours based on books, there’s now also the possibility of live like your favourite author, with literary vacation rentals. Abercrombie & Kent offers East African Hemingway Safari and Jane Eyre & Bronte Country tours; visit www.abercrombiekent.com; and also check www.readingweekend.co.uk; www.novelexplorations.com4. Adults onlyKeep a hold on those X-rated thoughts, the new adult-only holiday aren’t so much orgiastic getaways as childfree zones. If you don’t want the crying and voluble excitement to disturb your vacation, you aren’t alone. There’s a growing number of people who want to leave the kids at home and check into resorts that cater only to grown-ups and some hotels now institute age bars. Some shoot for no-under-10s (Kim’s Beach Hideaway near Sydney, Australia), others raise the bar to no-under-16s (Triple Creek Ranch in Montana, USA). The Sandals chain of hotels in the Caribbean is 18+ as are the Excellence Resorts in Mexico and the Dominican Republic. You know adults-only is catching on when the ultimate child pleaser, Disney, offers Adult Exclusive tours. Then there are some places just all about adult fun, and boy! are they popular: Las Vegas, for example, where children aren’t allowed in the gaming rooms and much of the entertainment is adult oriented.Check out www.sandals.com; www.abd.disney.go; www.excellence-resorts.com; www.triplecreekranch.com; www.kims.com.au5. Geocaching How do you upgrade the treasure hunt to the 21st century? Replace the map with a GPS device or your smartphone (it has the app), the clues with GPS coordinates and the treasure trove with a cache that possibly contains coins and key chains, and you have a game that is currently the obsession of millions across the world. Geocaching was born back in 2000 when greater accuracy on the Global Positioning System was made available to everybody. As people wondered at its uses, computer consultant Dave Ulmer came up with one idea ‘GPS Stash Hunt’, which transformed into the much cooler Geocaching (there’s even a GeoWoodstock, the world’s largest Gocaching event). There are around a million caches hidden all over the world, from the top of Ben Nevis in Scotland, to the streets of New York or a ruin in Paris. They could also be just down the street from you. Look for coordinates on geocaching website and let the hunt begin.Check out www.geocaching.comadvertisementadvertisement6. B&B in DelhiIt’s not a combination that you would ever have expected to see in the same sentence, but Bed & Breakfasts in Delhi are a reality, and likely to trigger off many more in the country. Because who wouldn’t want to stay in properties that provide all the creature comforts of hotels at less than half their prices and give you the opportunity to soak in the local flavour just by interacting with your hosts. Not to mention the added lure of great home-cooked North Indian food. Delhi Tourism has two categories of B&Bs–Gold and Silver–depending on the establishment’s facilities, amenities and size of rooms. Rooms start at Rs. 2,000 and can go up to around Rs. 7,000. The B&Bs are located in locations as diverse as Rajinder Nagar, Civil Lines, Malviya Nagar, Nizamuddin, Maharani Bagh, Friends Colony and Sultanpur. For a full list, search for B&Bs at http://delhitourism.nic.inSome options worth checking out: Sai Villa: www.saivilla.com; Delhi Bed and Breakfast: www.delhibedandbreakfast.com; Eleven: www.elevendelhi.com; The Estate Bed & Breakfast: www.theestatebnb.com7. Culinary vacationsFirst there were the wine tours, then you booked into villas in Italy and Provence and learnt to cook, then the rest of the world got into the game, so you could visit anywhere from the Far East to the Mid-West to add to your kitchen prowess. Now the culinary vacation shows up in a couple of new avatars. Like the outdoor culinary vacation, where you spend your days whitewater rafting or hiking and your evenings cooking wild salmon and Pacific oysters, learning from a gourmet chef and savouring the whole with wine that’s been packed for the trip. Or experience the hyper-genuine. Become a member of Home Food Italy, visit locals at mealtimes, help with the preparation of lunch or dinner, then enjoy the repast with the family. Or connect with the likeminded. There’s a festival for every food fad and type ever invented. Slow Food, Real Food, Real Street Food. Take your pick. Check out Wilderness Gourmet Rogue River rafting, USA: www.oars.com; Culinary Whitewater Series by ROW Adventures, USA: www.rowadventures.com; Home cooking: www.homecooking.it; The Crave Sydney International Food Festival: www.cravesydney.com; Taste of London: www.tastefestivals.com/london; Cheese slow food festival: www.cheese.slowfood.com8. HomeswappingYou’ve watched it in movies, you’ve read about it in books, and now all you need do is list your house online and begin your own homeswap adventure. Admittedly India’s still taking baby steps compared to the world’s giant leaps but it’s a promising beginning for this whole new travel experience. Exchanging homes, cities and, to some extent, lives, homeswaps give you an insight to a city as a resident, not a tourist. They’re also super-economical, a great way to engage with the locals, and make friends with your swapper. While the traditional homeswapping has you making simultaneous exchanges, for anybody with a second home, websites also offer the opportunity to trade at different times. The best homeswapping websites require you to pay a membership fee. Check out www.guardianhomeexchange.co.uk; www.homelink.org; www.homeexchange.com; www.craigslist.org; www.ivhe.com9. Space flightBack in 1991 when Richard Branson registered ‘Virgin Galactic’ a space flight for tourists was met with more sarcasm than thrill. Now, in about two years, the first commercial flight is going to take off with six passengers on board, and yes, it’s going to be from Virgin Galactic. The past two decades have seen space flights change from science-fiction to travel industry. More operators have jumped onboard, such as the US-based company Space Adventures, which plans both low-Earth orbit trips as well as longer ones around the moon. Another US company in the market is XCOR Aerospace; Boeing is developing spacecrafts and spaceports are springing up. Of course, a trip into space, whether suborbital, just far enough to see the curvature of the earth and darkness out there, or a trip to the moon is not an inexpensive venture–seats on Virgin cost US$ 200,000, while a journey to the far side of the moon can cost you US$ 50 million. Despite that there’s a waiting list of people for the trips. Come 2015, when a number of commercial space flights will be ready for lift off, you’ll know whether you should start saving.Check out www.virgingalactic.com; www.xcor.com; www.spaceadventures.com10. HomestaysIf you haven’t done a homestay yet, you haven’t done it all. Over the decade of its existence, homestays have not only become a means to visit areas where quality traditional hostelry is few and far between (Coorg, and the Spiti valley) but also a more nuanced experience of a place. Though much of the concentration of homestays is down South and up north–Kerala, Karnataka, Himachal Pradesh, Ladakh–you can now find a homestay in almost every region. And the range in experience goes from the almost posh boutique hotel variety to the very basic village stay in the far reaches of rural India. Check out www.exploreruralindia.org; www.mahindrahomestays.com; www.keralatourism.org; www.himalayan-homestays.com11. Digital detox vacations The question to ask is no longer how connected your destination is, but rather how unplugged it is. At a time when your home, friends and office are just a phone app away, going offline has become the newest adventure. So what do you need to power off from the rest of the world? Will power is a puny force in the face of twitter, facebook and email. That’s why there are hotels like Arawak Beach Inn in Anguilla where your cell phone and laptop are placed under lock and key for the duration of your trip. Many other hotels deliberately have a no-internet policy. Then there are the lucky pockets of dead air, places that have no cell phone reception, such as the Gobi Desert or more easily Mountain Sky Guest Ranch in Montana, USA, where you can experience life before cell phones, going riding, fishing and heading outdoors. A more exotic destination is Mongolia, large parts of which also don’t have cell phone coverage. Stay in nomadic tents at the Three Camel Lodge in the Gurvansaikhan National Park.For more information and some options, check www.threecamellodge.com; www.mtnsky.com; www.arawakbeach.com12. VolunteerismCombining a holiday with a way to give back to communities may not seem like the acme of fun, but more and more people around the world are opting to add a sense of purpose to their time off. This can include anything from working on organic farms to teaching English, building accommodation, documenting wildlife, snorkelling around reefs, saving turtles or helping out in emergencies. It’s a chance to travel to places that may not fall on the tourist map and look at it from an entirely different perspective. The intensity can range from a couple of days of volunteering amidst a welter of travelling and sightseeing to morning to night work on your project. Similarly accommodation can veer from very basic third world country to luxury digs. Meaningful holidays not only give you the opportunity to help but are also a great learning ground; but when volunteering ensure you ask enough questions to find out whether your contribution will actually make a difference (for instance, teaching English for four days doesn’t quite make the cut). Holiday centricwww.workaway.info; www.handsupholidays.com; www.familyadventures.comMedium intensity www.wwoof.org; www.crossculturalsolutions.org; www.elephantnaturepark.org/volunteerHard core www.earthwatch.org; www.unv.org; www.worldvolunteerweb.org13. The journey, the experienceNot everything in the world need be a short (or long-haul) flight away. Travellers yearning for a return to earlier times when the journey was very much part of the holiday are embracing alternative means that include river cruises, horses, trains, even driving. Some places fairly beg for a certain type of transport and that’s what they are getting. So ride through the steppes of Central Asia, saddle up in the Thar or cross streams in the Okavango Delta on your faithful mount. Experience Eastern Europe on the Danube, sailing from Budapest to the Black Sea on luxury riverboats, or down the Amazon. Or travel through the red heart of Australia on The Ghan, a train that’s been around for 80 years; or through the continent’s lush south east on the newly introduced The Southern Spirit. Driving holidays have got their fair share of mileage through the years, but India’s now square on the map with a slew of scenic drives from the traditional Manali to Leh to the roads less taken from Siliguri to Kalimpong or Gajner to Khimsar. Horses: www.wildfrontiers.co.ukRiverboats: www.tauck.com; www.ietravel.comTrain: www.railaustralia.com; www.thesouthernspirit.com.au14. Following the pop-upsAs experiences become readily available to everybody, and exclusive doesn’t stay that way for more than a few days or at most, weeks, how do you tell apart people in the know from everybody else? This decade, you do it by following the pop-ups. These are restaurants, stores, clubs, exhibitions, live acts that, well, pop up, for an extremely short time and. if you didn’t catch them in that window of opportunity, you are unlikely to see them again. Pop-ups can last for anywhere from a few hours to a few months; a few might last for a year, but they’ll only be open one night a week. An example is the The Cube by Electrolux in Brussels, a restaurant that appeared on top of the Parc du Cinquantenaire on April 1 and will stay there for three months before moving on to its next location. Pop-up restaurants are slated to be the big trend this year, so watch out. Check out www.electrolux.be/cube; www.popupculture.co.uk; www.sensoriumdc.com; www.kickstarter.com15. Soul breaksEven as fitness breaks, bootcamps, and weight loss vacations tilt the scales at one end by addressing the body they are being balanced out by holidays that feed the soul. From meditation to holistic holidays, vipassana breaks, even time spent at a convent, spiritual wellbeing is now an integral element in your time off. And the fact that many of these retreats are set in stunning locations only adds to the entire process of rejuvenation. India’s already one-up on the world in this regard with yoga, meditation and vipassana all addressing the same theme. Reiki, t’ai chi and natural therapies such as acupuncture that reach parts of you otherwise ignored are also part of this subsect. But soul breaks aren’t restricted to the mystical sounding bits. Unleashing your creativity, eating organic and vegetarian are just as much a part of this. Stay in a convent or monastery: www.initaly.comSome options for spas and retreats: www.saswara.com; www.shreyasretreat.com; www.shawellnessclinic.com.advertisement
About the authorCarlos VolcanoShare the loveHave your say Barcelona defender Gerard Pique calls for unityby Carlos Volcanoa month agoSend to a friendShare the loveBarcelona defender Gerard Pique has called for unity after victory at Getafe.Pique, Barcelona’s third captain, sent a message to the board in the mixed zone of the Coliseum Alfonso Perez.”We have to be united, the fans and the board,” said Pique. “When one person doesn’t want to get angry, there are no fights. We know the club, we know the daily goings on, we know who writes the articles, even though they may carry another person’s name.”Pique added: “We want to compete, go out to play and not cause fights that don’t exist. We don’t want them to eist. Things can go better or worse, but we should be united or we’ll hurt ourselves.”
TORONTO ONTARIO, – The Royal Bank of Canada has fired the head of its U.S. capital markets division for violating its policies about relationships with fellow employees.“Blair Fleming did not comply with our disclosure and conflict of interest policies relating to workplace relationships,” spokeswoman Gillian McArdle wrote in an email.“When the matter was brought forward, we investigated and acted promptly.”Fleming was the American CEO of RBC Capital Markets and US head of investment banking and oversaw all the division’s businesses in the U.S., says his LinkedIn page.Fleming, 56, began his career with Royal Bank in 1986 in London, Ont., and moved to New York City in 2009, where he and his wife live with their four daughters.The announcement of Fleming’s departure earlier in the week generated employee questions, Douglas McGregor, the bank’s group head of capital markets, said in an employee memo.“We want to be clear that inappropriate behaviour at RBC is unacceptable and in breach of our Code of Conduct and Respectful Workplace Policies,” he wrote.“RBC is committed to maintaining a professional workplace. It is only by acting with integrity that we can continue to build the trust of our people, clients, and the community.”In its 20-page code of conduct, the bank says working relationships could cause conflicts of interest if they can “favourably impact compensation, work conditions or promotion prospects of a close friend or family member.”It says there is no substitute for good judgment and common sense and says employees should speak to a manager if they have doubts about a relationship.The policy also says employees have a responsibility to speak up if they witness or experience inappropriate behaviour. They can raise it with their manager or through the bank’s confidential human resources resolution hotline.Global responsibility for investment banking is being assumed by Derek Neldner, head of Canadian and Asia Pacific investment banking.Jim Wolfe, head of leveraged finance, and Matthew Stopnik, co-head of financial sponsors, have been appointed co-heads of U.S. Investment Banking.Companies in this story: (TSX:RY)
TOKYO — The Latest on the Japanese finance allegations against Nissan executive Greg Kelly (all times local):___10 p.m.A Japanese court has rejected prosecutors’ challenge to a court’s approval of bail for Nissan Motor Co.’s American executive Greg Kelly.The rejection Tuesday clears the last hurdle for Kelly’s release from detention over the alleged underreporting of the income of his boss, former Nissan chairman Carlos Ghosn.Earlier in the day, the court approved Kelly’s release on 70 million yen ($635,600) bail. His release from detention is expected later Tuesday.Kelly and Ghosn have been detained at the Tokyo Detention House since their Nov. 19 arrest.They are charged with underreporting Ghosn’s pay by about 5 billion yen ($44 million) in 2011-2015.___3 p.m.A Japanese court has approved a bail request for Nissan Motor Co. executive Greg Kelly, who was detained and charged with underreporting the income of his boss, former Nissan chairman Carlos Ghosn.Tokyo District Court said Tuesday that the American Kelly will be released on 70 million yen ($635,600) bail. His release could come before the end of the day.Kelly and Ghosn have been detained in Tokyo since their Nov. 19 arrest. They are charged with underreporting Ghosn’s pay by about 5 billion yen ($44 million) in 2011-2015.Kelly’s Japanese lawyer sought bail after the court dismissed prosecutors’ request for more detention.Charges for their underreporting allegation in more recent years are pending.Ghosn, also facing breach of trust allegations, would be detained at least until Jan. 1.The Associated Press
New Delhi: Retail inflation jumped to a four-month high of 2.57 per cent in February due to costlier food articles, according to official data released Tuesday. The Consumer Price Index-based inflation for January was revised down to a 19-month low of 1.97 per cent from earlier estimate of 2.05 per cent. The retail inflation number for February 2019 is the highest since October 2018 when it stood at 3.38 per cent, the data released by the Central Statistics Office under the Ministry of Statistics and Programme Implementation (MoSPI) showed. Also Read – Maruti cuts production for 8th straight month in SepFood inflation was lower at (-) 0.66 per cent in February against 3.26 per cent in the same month last year. The retail inflation in February 2018 was at 4.44 per cent. On monthly basis, consumer food price index moved up by 0.15 per cent in February against January 2019. Protein-rich items such as meat & fish and eggs witnessed a quick rise prices at 5.92 per cent and 0.86 per cent respectively in February. Prices of cereal and products went up at 1.32 per cent. Prices of fruits (-4.62 per cent) and vegetables (- 7.69 per cent) continued to decline in February. In January, the prices declined 4.18 per cent and 13.32 per cent respectively. In fuel and light category, the rate of price rise slowed to 1.24 per cent from 2.20 per cent in January.
Dinhata (WB): West Bengal Chief Minister Mamata Banerjee Wednesday launched a blistering attack on Prime Minister Narendra Modi describing him as “Expiry PM”, and strongly contested his allegations against her as being a ‘speedbreaker’ in the path of state’s development. Banerjee gave point-by-point rebuttal of charges levelled by Modi at rallies at Siliguri and later at Kolkata’s Brigade ground during the day, to nail the “lies” spoken about performance of her government. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja The war of words between Modi and Banerjee heated up the battle of Bengal in the ongoing general election. Bengal sends a total of 42 members to Lok Sabha, the third largest after Uttar Pradesh’s 80 and Maharashtra 48. Modi kickstarted BJP’s campaing in the state Wednesday launching onslaught on TMC supremo. Banerjee, whose partymen see her a PM candidate, preponed start of poll campaign in the state with a rally at Dinhata in Cooch Behar district to coincide with PM’s public meeting Wednesday. Also Read – Bengal civic volunteer dies in road mishap on national highway Describing Modi as “Expiry Babu” and “Expiry PM”, Banerjee questioned what his government at the Centre has done for the welfare of people of the country. She dared him to participate in direct debate with her in television or in a public rally. Claiming that her government in West Bengal has done a lot for the welfare of the people of the state, Banerjee told a public rally here that income of farmers in the state has increased three times under her rule. “I am not Modi,I don’t tell lies,” she said, alleging that the PM has made false claims on performance of TMC government in West Bengal. She claimed that 12,000 farmers committed suicide during Modi rule in the country. The West Bengal chief minister said that her government has implemented several welfare schemes for the people of the state, like ‘Kanyashree’ for girls, ‘Yuvashree’ for the young people. “PM should not lie. You claim to have a 56 inch chest and u are resorting to lies,” she said. Banerjee said that West Bengal has been awarded by the Government of India for being the best among all states in implementing the 100-day minimum work guarantee scheme. “Its not my claim but your government has given the award for the achievement,” the firebrand leader said. Banerjee was termed as a speedbreaker in the path of the state’s development by the PM a couple of hours back in a rally at Siliguri. Rejecting Modi’s claim of doing everything for the welfare of tea garden workers, she said “you had promised to reopen seven closed tea gardens, but you have not done anything.” She said that Modi had promised before the 2014 elections to give every poor person Rs 15 lakhs in their bank accounts, but has not given a single penny. Banerjee also said that the BJP government at the Centre has not done anything for the Rajbanghsis, an ethnic group with a sizeable population in the North Bengal despite having made “tall claims.” Regarding Modi’s accusation that Banerjee has deprived the people of West Bengal of benefits under Ayushman Bharat scheme, she said the PM was seeking all credit for it though the state government had to shell out 40 per cent of the cost of the programme. “Why should I give it to you, I will do it myself,” she said. She said that her government will introduce a scheme that will benefit 7.5 crore people in the state. Charting out achievements and welfare schemes of her government that has been in power in Bengal since 2011, Banerjee said that she has introduced insurance for farmers and waived mutation fees for farmland sales. Livid at the PM’s accusations against her on the Pulwama attacks and the Balakot airstrike in Pakistan, Banerjee said “we are nationalists and not fascists.” She said that the Centre had prior intelligence on a possible terror attack on the CRPF convoy, but despite that the Pulwama incident happened in which 40 troopers were killed. Saying that Modi should not try to teach her nationalism, she said “you had information, but without taking action you led the CPRF jawans to death.” Banerjee said that Uttar Pradesh Chief Minister Yogi Adityanath has insulted that the Armed forces of the country by terming them as ‘Modi Sena’. She alleged that ‘Modi Sena’ are those who indulge in rioting and assaulting people who do not conform to their ways, and terming the country’s Army the same is an insult to the bravehearts who serve the country. Regarding Modi’s claim that her boat was sinking in Bengal, Banerjee said “Agey Delhi samla, tarpor dekhish Bangla (First manage Delhi and then look at Bengal).” Claiming that the “Chowkidar is acting like a fascist,” she said “you are talking of air strike, you will see voter strike.” She claimed that in Assam NRC, 22 lakh Hindu Bengali voters have been excluded, while 23 lakh Bengali muslims have been left out of the citizenship register in the north-eastern state. The chief minister said that though Modi has assured the Gorkhas in Darjeeling and other places in the state that they have nothing to worry about the NRC, she said that there are several elements in it for the Gorkhas to fear. “Go to Assam to see how many people have died and how many families have been devastated because of NRC,” she said. Banerjee claimed that if the BJP government returned to power in the general elections,they will change the Constitution and there will be no democracy in the country. Claiming that the Modi government intimidates anyone opposing it by raids and other tactics, she dared the PM saying “Catch me if you can, touch me if you can.” “I am also from a Hindu family. ..but I don’t go by your Hinduism. My parents did not teach me this type of Hinduism where you hate people,” she said.