NHL commissioner Gary Bettman was “thoroughly disappointed” in three counter-proposals from the players’ association on Thursday and left the negotiating table pessimistic about a resolution.No new talks have been scheduled, and the possibility of a full hockey regular season is quickly shrinking.“Today is not a good day,” NHLPA executive director Donald Fehr said.Thursday’s meetings, according to Bettman, were a “step backward,” while Fehr insists the NHL was only willing to work off its offer from Tuesday, rejecting the players’ three counteroffers.The union offered multiple options in response to the NHL’s offer on Tuesday that called for an 82-game season and a 50-50 split of hockey-related revenues between owners and players.Said Blues captain David Backes in a text to ESPN.com: “We feel our newest proposal took a great step toward getting a deal done. It’s too bad the owners don’t feel that way and I fear that we may miss an extended amount of time now.”Bettman said that proposal was the “best that we could do” and added that the two sides are still far apart.“None of the three variations of player share that they gave us even began to approach 50-50, either at all or for some long period of time,” Bettman said.“It’s clear we’re not speaking the same language.”Fehr said two of the union’s proposals would have the players take a fixed amount of revenue, which would turn into an approximate 50-50 split over the term of the deal, provided league revenues continued to grow.The third approach would be a 50-50 split, as long as the league honored all existing contracts at full value.Deputy commissioner Bill Daly contradicted what Fehr said was included in the third proposal, saying in a statement: “The so-called 50-50 deal, plus honoring current contracts proposed by the NHL Players’ Association earlier today is being misrepresented. It is not a 50-50 deal. It is, most likely a 56- to 57-percent deal in Year One and never gets to 50 percent during the proposed five-year term of the agreement.“The proposal contemplates paying the Players approximately $650 million outside of the Players’ Share. In effect, the Union is proposing to change the accounting rules to be able to say ’50-50,’ when in reality it is not. The Union told us that they had not yet ‘run the numbers.’ We did.”Further, Daly told ESPN.com that in the league’s view, none of the three offers from the NHLPA guarantee ever getting to a 50/50 split.Bettman said he was still hopeful the league can have a full season, but time is running out to make that happen.“I am concerned based on the proposal that was made today that things are not progressing,” he said. “To the contrary, I view the proposal made by the players’ association in many ways a step backward.”Bettman said Tuesday the sides would have to reach an agreement by Oct. 25 for a full season to be played.
Police get wanted man; Magistrate Court back open Facebook Twitter Google+LinkedInPinterestWhatsApp Recommended for you Forbes murder trial pushed to Sept Related Items:andrew mitchell, court, Former Governor Richard Tauwhare, Sipt, trial TCI: Judge rules there is ‘a case’; all nine defendants will go to trial in September Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 18 Jan 2016 – Court proceedings resume tomorrow in the high profile cases of former government ministers and some members of their families, yet there will be no trial as we know a trial as yet.Queen’s Counsel for the SIPT, Andrew Mitchell at the adjournment at Christmas time explained that there is still more house-keeping to be done. “So the judge will work through that process and it will take us a couple of weeks to go through those formal issues. And then when we’ve done that we will take stock of what we need to do by the way of proving some of the formal matters, we may in other words, where they may be a dispute, we may have to bring a witness in to prove a bank account or something like that…”Mitchell also said the first witness will likely not be heard until Easter or just before; that person is identified as the principal witness and is former Governor, Richard Tauwhare
India’s largest drug-maker Sun Pharmaceutical Industries Ltd reported a 30% slump in quarterly profit on Saturday, 7 November, as sales in most of its markets fell and costs related to fixing compliance issues continued to hurt.In the company’s largest market, the United States, Sun Pharma’s sales in the quarter ended September were down 28%, which the company attributed mainly to increasing competition and a supply crunch at its Halol manufacturing plant in India.”Halol” was a key contributor to Sun Pharma’s sales, but in September, the US Food and Drug Administration (FDA) outlined a number of problems with manufacturing processes, and the company has since been working on remediating those.However, its profit has been hit for a few quarters as it had to restrict supply, and has not been getting US approvals to launch any product made at the Halol plant.The company’s Managing Director Dilip Shanghvi sought to assure analysts on a conference call on Saturday evening that remediation efforts were on track, though they aren’t yet complete, so the USFDA has not been invited for a re-inspection.”We are keeping (the FDA) updated on the progress at the agreed frequency. I think the things we have promised or assured the FDA, we are addressing,” he said. The company has not received any feedback from the FDA, he added.Halol is one of several Sun Pharma plants undergoing remediation. Five of its other plants â€” most of which it got as part of its acquisition of Ranbaxy Laboratories Ltd last year â€” are under an FDA import ban ever since the agency found a series of quality control issues at the plants.Shanghvi said the “full value” of the Ranbaxy deal would be realised by 2018.Apart from generics, the company is developing a drug to treat “psoriasis”, which is in Phase 3 clinical trials and expected to be filed for US approval in 2017.Sun Pharma reported a July-September net profit of Rs 1,107 crore ($167.4 million), down from Rs 1,572 crore a year earlier. Analysts, on average, were expecting Rs 1,308 crore, according to Thomson Reuters data.Total revenue was down 15% as sales across the countries it operates in fell. India was the only exception, where sales rose a marginal 1%.The company said currency volatilities and a decision to reduce its presence in some less-profitable areas hurt its sales in emerging and other markets during the quarter.
A five-story residential building tilted at Khalifaghat in the city’s Kamrangirchar area on Monday, reports UNB.Dana Mia, an operator of Fire Service and Civil Defence control room, said being informed by locals, a team of firefighters went to the spot around 12:44pm and all the residents of the building were evacuated.UNB Keraniganj Correspondent reports that residents of four more adjacent buildings of the area were also evacuated fearing danger.Shahin Fakir, officer-in-charge of Kamrangirchar police station, said the five-story building was built in the area six months ago and one Samad Mia bought the building from its previous owner Shaheen in January.The firefighting unit members said the building was built without doing the pilling work properly.
Multi-territory Asian video streaming service Viu has struck an original content deal with tech-driven story firm Wattpad. Together they aim to develop film and TV series under the Viu Original label.Canada-based Wattpad hosts a vast library of user-generated stories, with a claimed user base of 80 million, including 22 million in the Asia Pacific region. Some stories have been developed into films, with Anna Todd’s “After” the best-known example. It accumulated a billion online views on Wattpad before being adapted into a film, directed by Jenny Gage, that with a $69.5 million global box office is one of the highest grossing indie movies of this year.Other companies in Asia that have struck similar deals with Wattpad include Sony Pictures Television, Mediacorp, and Huayi Brothers Korea. “Wattpad has its finger on the pulse of youth culture, and with this collaboration we are able to enable the youth to connect global audiences on Viu’s engaged base,” said Helen Sou, senior VP, digital media, at Viu’s parent company PCCW Media. Viu, which primarily focuses on premium Asian content, operates across 17 markets in Southeast Asia, the Middle East, India, and South Africa.Viu productions include an adaptation of global phenomenon, “The Bridge,” which is available on HBO Asia’s channels and services throughout Asia, and experimental regional format, “No Sleep, No FOMO.” Viu plans to have over 80 scripted and non-scripted Viu Original titles this year.PCCW owns Hong Kong’s leading pay-TV service NowTV, a recently-launched free to air channel and is the territory’s leading fixed line phone operator. It also owns a minority stake in STX Entertainment. Popular on Variety ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15
Click to Enlarge+ Register Now » Growing a business sometimes requires thinking outside the box. 1 min read August 22, 2013 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global According to data compiled by online security company Hotspot Shield, 12.6 million people were victims of identity theft last year, losing a total of $21 billion.With a problem that big, it’s important to know not only how hackers can find your personal or business information, but how to protect yourself.The infographic below illustrates the most common ways hackers access data and the mistakes consumers make that leave them vulnerable to becoming victims. Opinions expressed by Entrepreneur contributors are their own.
YouTube is at the center of content creation, content distribution, and advertising activities for some time now. The impact of YouTube can be estimated from the 1.8 billion YouTube users worldwide. While the YouTube video hosting concept has been a great success story for content creators, the video viewing and recommendation model has been in the middle of a brewing controversy lately. The Controversy Logan Paul was already a top rated YouTube star when he stumbled across a hanging dead body in a Japanese forest which is famous as a suicide spot. After the initial shock and awe, Logan Paul seemed quite amused and commented “Dude, his hands are purple,” then he turned to his friends and giggled. “You ever stand next to a dead guy?”. This particular instance was a shocking moment for YouTubers all across the globe. Disapproving reactions had poured in and the video was taken down 24 hours later by YouTube. In those 24 hours, the video managed to garner 6 million views. Even after the furious backlash, users complained that they were still seeing recommendations of Logan Paul’s videos. That brought the emphasis back on the recommendation system that YouTube uses. YouTube Video Recommendation Back in 2005, when YouTube first started out, it had a uniform homepage for all users. This meant that every YouTube user would see the same homepage and the creators who would feature there, would get a huge boost in their viewership. Their selection was based on their subscriber count, views and user engagement metrics e.g. likes, comments, shares etc. This inspired other users to become creators and start contributing content to become a part of the YouTube family. In 2006, YouTube was bought by Google. Their policies and homepage started evolving gradually. As ads started showing on YouTube videos, the scenario changed quite quickly. Also, with the rapid rise in the number of users, Google had thought it to be a good idea to curate the homepage as per each user’s watch history, subscriptions, and likes. This was a good move in principle since it helped the users to see what they wanted to see. As a part of their next level innovation, a machine learning model was created to suggest or recommend videos to users. The goal of this deep neural network based recommendation engine was to increase watch time of every video so that users stay longer on the platform. What did it change and How When Youtube’s machine learning algorithm shows a few videos in your feed as “Recommended for you”, it predicts what you want to see from your watch history and watch history of similar users. If you interact with any of these videos and watch it for a certain amount of time, the recommendation engine considers it as a success and starts curating a list based on your interactions with its suggested videos. The more data it gathers about your choices and watch history, the more confident it becomes of its own video decisions. The major goal of Youtube’s recommendation engine is to attract your attention and get you hooked to the platform to get more watch time. More watch time means more revenue and more scope for targeted ads. What this changes, is the fundamental concept of choice and the exercising of user discretion. The moment the YouTube Algorithm considers watch time as the most important metric to recommend videos to you, less importance goes into the organic interactions on YouTube, which includes liking, commenting and subscribing to videos and channels. Users get to see video recommendations based on the YouTube Algorithm’s user understanding and its goal of maximizing watch time, with less importance given to user choices. Distorted Reality and YouTube This attention maximizing model is the fundamental working mechanism of mostly all social media networks. But YouTube has not been implicated in the accusation of distorting reality and spreading the fake news as much as Facebook has been in mainstream media. But times are changing and so are the viewpoints related to YouTube’s influence on the global population and its ability to manipulate important public opinion. Guillaume Chaslot, a 36-year-old French computer programmer with a Ph.D. in artificial intelligence, was one of those engineers who was in the core team to develop and perfect the YouTube algorithm. In his own words “YouTube is something that looks like reality, but it is distorted to make you spend more time online. The recommendation algorithm is not optimizing for what is truthful, or balanced, or healthy for democracy.” Chaslot explains that the algorithm never stays the same. It is constantly changing the weight it gives to different signals; the viewing patterns of a user, for example, or the length of time a video is watched before someone clicks away.” Chaslot was fired by Google in 2013 over performance issues. His claim was that he wanted to bring about a change in the approach of the YouTube algorithm to make it more aligned with democratic values instead of being devoted to just increasing the watch time. Where are we headed I am not qualified or righteous enough to answer the direct question – is YouTube good or bad. YouTube creates opportunities for millions of creators worldwide to showcase their talent and present it to a global audience without worrying about country or boundaries. This itself is a huge power for an internet application. But the crucial point to remember here is whether YouTube is using this power to just make the users glued to the screen. Do they really care if you are seeing divisive content or prejudiced flat earther conspiracies as recommended videos? The algorithm can be tweaked to include parameters which will remove unintended bias such as whether a video is propagating fake news or influencing voters minds in an unlawful way. But that is near impossible as machines lack morality or empathy or even common sense. To incorporate humane values such as honesty and morality into an AI system is like creating an AI that is more human than a machine. This is why machine augmented human intelligence will play a more and more crucial role in the near future. The possibilities are endless, be it good or bad. Whether we progress or digress, might not be in our hands anymore. But what might be in our hands is to come together to put effective checkpoints to identify and course correct scenarios where algorithms rule wild. Read Next Sex robots, artificial intelligence, and ethics: How desire shapes and is shaped by algorithms Like newspapers, Google algorithms are protected by the First amendment California replaces cash bail with algorithms