The Football Association in England is investigating claims that Manchester City made a banned payment of £200,000 to Jadon Sancho’s agent when the England winger was 14 years old.The allegations were made in documents published yesterday by German publication, Der Spiegel.It was alleged that Man City paid Emeka Obasi when they signed Sancho, now at Borussia Dortmund, from Watford in March 2015. Jadon Sancho Transfer rules forbid young players from been represented by an agent until the year they turn 16 years old.A Man City statement on the matter yesterday read: “The attempt to damage the club’s reputation is organised and clear.“We will not be providing any comment on out of context materials purported to have been hacked or stolen from City Football Group and Manchester City personnel and associated people.”London-born Sancho, 18, joined City as a 14-year-old, when the Premier League champions paid £66,000 in compensation to Watford.FA rules state that clubs are not permitted to offer financial inducements to a player under 16.Der Spiegel – which has published a series of revelations in recent months, including allegations City deceived UEFA over financial fair play (FFP) rules – claims the club wrote a letter to Sancho’s father which outlined how much they were willing to pay the player once he turned professional.The German magazine also says a City lawyer was “alarmed” that the letter could be deemed as a financial offer and therefore breaking the rules about offering inducements.Der Spiegel alleges City paid £200,000 to Obasi as part of a scouting contract to find players in central and South America. It claims the payment was in fact in relation to Sancho’s transfer from Watford.Sancho never made a first-team appearance for City before moving to German side Dortmund for £8m in August 2017.He has been one of the star players for the Bundesliga leaders this season, with the club describing him as “one of the most exciting players in Europe” when they announced he had signed a new long-term contract in October.In April 2017, Liverpool were fined £100,000 by the Premier League and handed a two-year ban on signing academy players from other clubs for offering inducements to a 12-year-old academy player at Stoke City.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
How does a growing flower bud or feather follicle know where to put the intricate colors and patterns on a mature flower or feather? Scientists are beginning to get partial answers.Flower art: Imagine you’re a flower bud. You are blind, deaf, and dumb, but somehow you know how to create beautiful artwork. Through your efforts, a lovely rose, petunia or orchid will result. How would you do it? An article on Live Science suggests an amazing, though partial, answer: the bud has a map of the finished product. “The shape of a flower’s petals and leaves are dictated by a biological map hidden inside the flower’s growing bud,” according to a new study from the John Innes Centre and the University of East Anglia, both in the UK.They discovered that concealed maps within the flower buds are made up of patterns of arrows that act as instructions for how each cell in the bud should grow. As such, the maps essentially influence a flower bud’s cell polarity, or the functions of the cells.The study’s findings not only shed light on why geranium petals are unlike rose petals, they also explain why an individual flower’s petals and leaves are different shapes.The “arrows” are made up of proteins called PIN proteins that migrate to the tips of cells. When they concentrate, a pointed leaf results. When they fan out, a rounded shape, like a flower petal results. Other proteins follow the “arrows” to cause growth in those areas. PLoS Biology discussed the paper in a little more detail. The original paper in PLoS Biology described how the growth proteins follow the “polarity field” set up by the PIN proteins.Feather art: Bird feathers are vastly different from flower petals, but another amazing “mapping” mechanism controls their development. Feathers can contain stripes, spots, and nano-patterns that play tricks with light; see examples in PhysOrg‘s coverage of a paper in Science Magazine. What turns on the dark and light patterns? The new research paper by Lin et al., “Topology of Feather Melanocyte Progenitor Niche Allows Complex Pigment Patterns to Emerge,” offers the beginnings of an answer:Melanocyte progenitors are distributed as a horizontal ring in the proximal follicle, sending melanocytes vertically up into the epithelial cylinder which gradually emerges as feathers grow. Different pigment patterns form by modulating the presence, arrangement, or differentiation of melanocytes. A layer of peripheral pulp further regulates pigmentation via patterned agouti expression. Lifetime feather cyclic regeneration resets pigment patterns for physiological needs. Thus, the evolution of stem cell niche topology allows complex pigment patterning via combinatorial co-option of simple regulatory mechanisms.By “evolution,” the authors cannot assume that blind, undirected processes create the patterns any more than they create intricate feathers themselves. They merely mean that stem cells are regulated to generate the patterns. But what tells the stem cells to differentiate according to a predetermined pattern? What created the pattern in the first place that these mechanisms execute? The explanation begs even deeper questions.Speaking of feathers, how would you like to dive into a feather on the wing of a red-tailed hawk and see its microscopic structure? You can live this adventure, along with many others, in a new film just released in May from Illustra Media entitled, Flight: The Genius of Birds. (Click the link for trailer and ordering information.) With cutting-edge science, stunning photography, an original music score and a thoughtful narration aided by the insight of biologists, the film makes a convincing case for intelligent design. Along with the previous release Metamorphosis: The Beauty and Design of Butterflies, this new entry forms the foundation to Illustra’s new series of high-quality nature documentaries, The Design of Life. Both were produced in High-Definition Blu-ray with 5.1 surround sound.We are very happy to co-sponsor Flight: The Genius of Birds and will be drawing attention to it all month. CEH Editor David Coppedge worked closely with the producer on scientific research and proofing, but it was the genius of the production team led by Lad Allen, with his editor Jerry Harned, working with the biologists, the animators, the composer Mark Lewis and the sound technicians, and others, who made this film a masterpiece. The DVD is great, but if you have a good home theater, this is a film to enjoy in an immersive environment, with a Blu-ray player, a large screen and a surround sound system. Flight is the equal of secular nature documentaries—but without the Darwinism that is merely assumed by the others. It includes several incredible true stories about particular bird species. After being amazed by what you learn, and how beautifully it is presented, we are sure you will want to order extra copies of Flight to pass around. Order today! DVD ships May 14, Blu-ray on June 11.And by all means, if you haven’t yet watched Metamorphosis, order them both! Readers delighted with the exceptional work of Illustra Media should support them financially. They have plans to augment The Design of Life series with more superb documentaries on the wonders of the living world. Nobody does it better than Illustra! Their films are reaching around the world. Be part of a team that is dismantling Darwinist materialism with clear, powerful, convincing evidence for design. (Visited 30 times, 1 visits today)FacebookTwitterPinterestSave分享0
LOOK: Venues for 2019 SEA Games McGregor awed by clinical Mayweather View comments Amit blew what could have been a clear victory when she scratched hitting the 6-ball in the 13th game in an open table, sending Centeno back to steal the victory via run-out.“In my mind I said I lost it already,” said Centeno in Filipino referring to the point when she missed the 3-ball in the 12th game that brought Amit back on the table.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“But she scratched. I didn’t expect that. Ate Champ (Amit) is a great player,” said Centeno.Her victory, a repeat of the 2015 Singapore edition, once again stamped the Philippines’ dominance in women’s pool. LIST: Class, gov’t work suspensions during 30th SEA Games LATEST STORIES It was duplicated only in triathlon when the country won the gold and silver in both men’s and women’s divisions.Amit, 35, stormed to 5-2 lead in final but Centeno managed to come back and even went on the hill ahead of her.“I missed the 3 ball that’s why she went on a hill also, from then I thought it’s all lost,” said Centeno whose mother hugged her after the final match.ADVERTISEMENT Don’t miss out on the latest news and information. Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH00:50Trending Articles01:35Panelo suggests discounted SEA Games tickets for students02:49World-class track facilities installed at NCC for SEA Games03:04Filipino athletes share their expectations for 2019 SEA Games02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding UPLB exempted from SEA Games class suspension Read Next Brace for potentially devastating typhoon approaching PH – NDRRMC SEA Games in Calabarzon safe, secure – Solcom chief MOST READ SEA Games: PH’s Alisson Perticheto tops ice skating short program Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Chezka Centeno and Rubilen Amit of the Philippines celebrate after winning gold and silver medals, respectively, in the women’s 9-ball singles event of the 29th Southeast Asian Games billiards competition Sunday at the Kuala Lumpur Convention Center. CONTRIBUTED PHOTO/SEA GAMES MEDIA POOLKUALA LUMPUR — In a sure-gold match for Team Philippines, Chezka Centeno managed to pull off a heart-stopping victory Sunday.The 18-year-old defending champion battled back from a three-rack deficit to defeat two-time world champion Rubilen Amit, 7-6, in the Southeast Asian Games women’s 9-ball singles at KLCC Hall 4.ADVERTISEMENT
Minakshi Desai spoke to several experts and came up with a list of the top ailments that affect the Indian family. Read on to know more…Malady 1DiabetesCurrently the diabetes capital of the world, India sees the numbers grow every day. There are two kinds of diabetes – type I and type II. Type I diabetes is a chronic disease that occurs when the pancreas don’t produce enough insulin to control blood sugar levels. It can happen at any age, but is common among children, adolescents, or young adults. Type II diabetes, or diabetes mellitus or adult-onset diabetes is a metabolic disorder that is characterised by high blood glucose triggered by insulin resistance and relative insulin deficiency. Factors that cause hyper insulin can be genetic, poor food habits and lack of physical activity. Symptoms may include excessive passing of urine and thirst, weight loss, exhaustion, and numbness in the arms and legs.Children and DiabetesMore often than not, children are afflicted with type I diabetes, which is a genetic disorder. In India itself, the cases of childhood diabetes have increased three times in the last 30 years. If your child has diabetes, follow the prescribed treatment religiously to avoid serious complications. Teach him how to inject himself with insulin when he is old enough. Tackle your diabetes now, because complications of long-term diabetes include – damage to the retina, kidney disease, stroke, heart disease, ulcers and decreased immunity, to name a few.What steps to take:PreventPeople with a family history of the disease can prevent it only by exercising regularly and following a healthy diet.Avoid foods that are high on sugar and fats; and processed foods.advertisementManageGet enough knowledge on the disease; it will help you tackle it well.If you have been diagnosed with diabetes, make sure you visit the doctor regularly and monitor your sugar levels via blood and urine tests.Go for a brisk walk or do yoga daily.Don’t miss meals and follow your prescribed diet religiously. The same goes for medication.If you are hypoglycaemic (where your blood sugar levels drop suddenly), always carry something sweet.Make sure you include cereals, wholemeal (such as multigrain bread and flour), fresh vegetables and fruits and fibre in your diet.You are at a high risk of contractingDiabetes if…You are overweight or obese.You have high blood pressure.Your cholesterol levels are high.If there has been a family history of the disease.Malady 2ObesityFor most of us, obesity is more of an aesthetic issue rather than an actual health problem. Unfortunately, the underlying threats to one’s health caused by obesity – diabetes, hypertension, heart disease, and a shorter life expectancy – are by and large ignored. A sedentary lifestyle, lack of exercise, and eating high-calorie foods can lead to this problem. You know you are obese if your BMI (body mass index) is above normal. BMI is a formula used to estimate how much body fat a person has. The BMI formula uses your height and weight measurements to calculate a number. This number is then plotted on a chart, which tells a person whether he or she is underweight, average weight, overweight, or obese.Obesity in childrenIn recent years, there has been an alarming rise in obesity in Indian children. Around 20 percent of school-going children in our country today are reported to be overweight or obese.More and more tweens and teens today are staying indoors, using high-tech gadgets and watching TV for long hours, with no outdoor activities. Plus, the stress levels caused by studies have also increased and so have bad eating habits. These are the main contributing factors of obesity.’There are many cases of infantile obesity as well. This happens when babies are overfed on commercial baby products.* So try to breast feed as much as possible or choose the best brands in the market to avoid this,’ says Dr MD Shah, paediatrician, pulmonologist and consultant at Nanavati Hospital, Mumbai.’Don’t stop your child from eating. The trick is to manage the quality of food you offer and not the quantity,’ advises Dr MD Shah. ‘You should have frequent meals (five in a day) instead of three heavy ones, so that you don’t burden your pancreas.’What steps to takePrevent and manage Awareness is the first step – know more about obesity-related health hazards, and read self-help books to get started.Consult a dietician and a doctor for guidance. Remember, a doctor may not be sufficiently qualified or up-to-date on diet and nutrition-related matters.Monitor your weight and cut down on junk food, fried snacks and fatty foods. Opt for wholemeal products, cereals, fresh fruits and vegetables instead. Eat small but frequent meals.Exercise regularly; no need to necessarily go to the gym; opt for a sport you like such as tennis or badminton. Start with a 30-minute brisk walk daily if you’ve been sedentary so far.Don’t follow fad diets. Although they will help you drop weight quickly, the euphoria will be short-lived, as the kilos will come back on fast, as soon as you resume your normal diet. Follow a long-term, doable weight reduction programme under the guidance of a well-qualified and reputed nutritionist instead.advertisementMalady 4Atherosclerosis (Leading to heart attack and stroke)’The accumulation of plaque (mostly made of cholesterol) on the inside of your arteries causes its narrowing. This restricts blood flow and leads to clotting, which may in turn result in a heart attack or a stroke, depending on the location of the blockage,’ says Dr Umesh Thakker, consulting physician and cardiologist, Parvish Nursing Home, Mumbai. ‘A hectic work schedule, stressful lifestyle and bad eating habits can lead to this life-threatening disease. Stress induces catabolic hormones, such as, cortisones and these increase the level of cholesterol in the blood,’ he adds.What steps to takePrevent and manageDr Thakker explains, ‘High blood pressure speeds up the formation of plaque. You can control it by restricting your intake of salt and junk food. You must also exercise as it improves the heart function by extracting more oxygen from the blood. Include more fibre-rich foods in your diet such as fresh fruits, vegetables and wholegrain products. Avoid fried foods. Cut smoking as it causes arterial spasm, which restricts blood flow; and alcohol too is a killer, literally! Most drugs prescribed for cardiac diseases cause constipation. When you strain while passing stool, it puts undue stress on your heart. Eat bulk fibre foods.’Switch to heart-friendly vegetable oils such as rice bran, corn, soya, peanut or olive oil. Rotate oils to get the best of all. Substitute whole milk with low fat milk. If you like eating red meat, trim the fat before you cook, and include fish in your diet. Fish is low in saturated fats and high in protein. It also contains omega 3 fatty acids; these prevent the accumulation of triglycerides and increase the levels of HDL (good cholesterol) in the blood.Malady 5Hypertension’Hypertension is a condition in which the blood pressure in the arteries is chronically elevated. The causes can be stress, obesity, excessive alcohol consumption and smoking, or a genetic trigger. Hypertension causes your arteries to harden and clog. This can eventually lead to a stroke, heart failure and coronary disease,’ says Dr Ravi Patel, general surgeon and owner, Parvish Nursing Home, Mumbai.There are no obvious symptoms of hypertension. If you are overweight, you can bring down blood pressure with exercise and diet control. However, this does not mean that if you are slim and exercise regularly, you cannot have hypertension. If your systolic reading is 140 and above, and the diastolic reading 90 or above, you have high blood pressure. The parameters differ, depending on your age, sex and environment.advertisementWhat steps to takePrevent and manageExercise regularly. Brisk walking or swimming (30 minutes daily, to begin with) is the best activity, but you should start it only after getting a thorough health check-up done and on approval of a doctor. Practise meditation and yoga regularly, as they are known to benefit people with hypertension. Asanas such as yashtikasana, matsyasana, savasana, and nispand bhava are good for hypertension.Diet plays an important role in controlling this disease. Reduce your intake of salt, pickles, papad, junk and processed foods.Malady 6Constipation’Irregular bowel movement and hard, dried out faecal matter that is difficult to pass out of the body are the symptoms of constipation. You may be constipated if your diet lacks roughage and fibre or if you are under certain medication (especially for heart disease). Accumulation of faecal matter in your colon can cause gas, bloating and in worse cases, piles or a fissure tear in the anal area,’ says Dr Ravi Patel.What steps to takePrevent and manageEat a diet that is rich in fibrous foods such as fruits and vegetables as it will stimulate peristalsis (wave- like movement) of the colon. And, increase your fluid intake (8-10 glasses a day) – it will help soften your stool. Dr Ravi Patel says, ‘Use laxatives only as a last resort as they can become a habit and hinder the normal functioning of your intestines. Bowel motility drugs taken under a doctor’s supervision can help treat chronic constipation. Exercise regularly and do yoga as it improves digestion. Aim to get close to this: 2 portions of fruits, 3 portions of vegetables and 1 portion of salad every day,’ he adds. Prunes, figs and papaya are beneficial too; include them in your diet.Malady 7DiarrhoeaMore of a symptom than a disease, diarrhoea usually indicates that there is irritation or an infection in the intestines. The lining of the intestines, as a result, is unable to absorb the water and salt from the food you eat, which are therefore passed out of the body. ‘Diarrhoea may or may not be accompanied by cramps and pain in the abdomen. The stool can be semi-formed or watery, with or without blood. In severe cases, you may have to replace the fluid by intravenous drug infusion,’ says Dr Ravi Patel. Diarrhoea causes loss of essential salts and fluids, which can lead to dehydration. In babies and small children, it can prove to be fatal if not treated in time.What steps to takePreventWash your hands before you eat and keep hygiene while cooking.Avoid intake of roadside foods.ManageTake sugar and salt solutions to avoid dehydration. Give your child lots of fluids. If not water, even soda drinks, “flattened” (where the gas is out), is good – it is better than no fluid. Most mothers think only water will do, or the next best thing is fresh fruit juice. That is not true. The important thing is “fluid intake”.Malady 8Insomnia’Difficulty in falling asleep, waking up frequently during the night, or waking up too early with trouble going back to sleep again, are the symptoms of insomnia. These could occur all together or individually,’ says Dr BR Agarwal, MD psychiatry, MAPA, USA. Certain health problems, stress, depression and a change in one’s environment can lead to this. If the problem is transitory, then there is nothing to worry about, but when poor sleep becomes a pattern, there is cause for concern, as it can affect your health. He adds, ‘There is no standard span of time that specifies what “normal” sleep is. While some people survive on as less as 5 to 6 hours of sleep a night, others need more. If you’re feeling well in the morning and tired by afternoon, it could be a symptom of depression and insomnia. If you have not been sleeping for a minimum of 6 hours a day over a period of 2 to 3 weeks, you should consult a doctor immediately. Find out the reason why you are unable to sleep well. Your doctor may prescribe sleeping pills for a period of time (it will not make you an addict) to induce the habit, but natural sleep is better for your overall health.’What steps to takePrevent and manageTake a warm bath before you go to bed.Make sure the curtains in your bedroom are drawn properly, so that no outside light disturbs.Keep your room clean and clutter-free.Do not drink tea or coffee in the evenings.Look for alternative methods of treatment such as meditation and yoga. Deep breathing exercises will help relax your mind and body, and may get you to sleep better.’Watching TV when you can’t sleep aggravates the problem, as the flashing lights stimulate the brain and therefore increase insomnia. Instead, try light reading in bed,’ says Dr Agarwal.Malady 9Depression’Depression can be “reactive” – that is when the symptoms arise as a reaction to a situation; or it may be endogenous, where you may be depressed because of certain chemical changes in your body,’ says Dr BR Agarwal. ‘Reactive depression can arise from the loss of a loved one, or problems in one’s relationship, or on the work front. In most cases, depression disappears when the problem gets solved or when the patient takes the help of psychotherapy,’ he explains.Endogenous depression, however, requires medication. The symptoms of which may be a sense of being overwhelmed by the drudgery of day-to-day existence, a feeling of helplessness, dejection, bouts of unexplained crying, and suicidal thoughts. He adds, ‘Depression is fully curable, and should not be equated to mental illness. Consult a psychiatrist if you think you have issues, without worrying about what the society might think or being ashamed of it. When there is a lack of interest in daily activities and you feel sad for more than three weeks, consult a doctor to know what ails you and what you should do to manage this condition.’What steps to takePrevent and manageTake help and support from your friends and family. Talking about your problems helps.Involve yourself in physical activities that would require you to get out of your house and meet people. At first this will be difficult; force yourself to do it in small bouts? reaction is guaranteed. Or participate in mentally stimulating things such as word puzzles or sudoku.Do not miss any dosage of prescribed medication.There is no shame consulting a psychiatric. At worst, she will tell you, that you are in fact, not clinically depressed, but just feeling naturally bad or low about something and it will pass.You need to change your attitude or work harder. The doctor can suggest ways to do this, but you must follow through.Malady 10Vaginal infection’The glands situated in the cervix and the vagina secrete a fluid that keeps the vaginal passage clean and healthy. When there is an infection, the discharge that is generally clear or white, changes colour,’ says Dr Archana Gaonkar, obstetrician and gynaecologist, BSES MG Hospital, Mumbai. ‘The infection can be fungal, bacterial or parasitical. The symptoms of a vaginal infection are itching, burning, redness of the external genitalia and a foul smell. As soon as you experience any of the above symptoms, seek medical assistance, as the infection can spread to your internal genital organs if not treated in time,’ she explains.What steps to takePrevent and manageWear cotton panties instead of nylon, lycra or lace, especially at the time of infection. Avoid tight jeans, thongs and other fitted garments.Keep your genital area clean. After using the toilet, always clean yourself from front to back so as not to transfer the anal bacteria to the vagina.Avoid using harsh detergents to wash your undergarments. Gentle liquid soaps are good.Consult the doctor if it is advisable to have intercourse when you’re undergoing the treatment.
Kaka admits he had problems with Mourinho at Real Madridby Carlos Volcano10 months agoSend to a friendShare the loveKaka has spoken of his problems with Jose Mourinho at Real Madrid.The Ballon d’Or winner admits he had issues with ‘The Special One.'”I was convinced that Real Madrid would be good, I think I was persistent, I got as far as I could, to my limit,” he said to Grande Circulo de SporTV.”My problem at Madrid was continuity first and then the coach, as I spent three years trying to convince Mourinho that I should have more opportunities but it was his choice, it was out of my control.”The first year I had a hip problem, then the adductor and I was operated on.”I was out of action for six months and when I returned, it was Mourinho.”I was an excellent professional, and today I can say with great joy that I can go to Real Madrid and the doors are always open.”Florentino says that I was one of the most professional athletes in the club.”Once Mourinho left, however, things didn’t get any better for the Brazilian.”In the 2013/14 season, with the arrival of Carlo Ancelotti, Florentino Perez wanted to renew the team with players from the academy and new players, and Ancelotti was very clear with me.”He told me that the president had asked for these people to play and I told him that I had to play because I wanted to be at the World Cup, so the best option was to leave. “With football being such a small world, it was inevitable that Kaka would cross paths with Mourinho again.”There’s no problem,” he added.”I went to Manchester to a sponsor’s event, I stayed at the same hotel as him and we stayed talking for two hours.”Mourinho is exactly what people see on camera, at the time he’s explosive, but he is an extremely intelligent, very prepared guy, so what people see in the interviews is all prepared.” About the authorCarlos VolcanoShare the loveHave your say
APTN National NewsFour First Nations in Ontario are involved in a human rights complaint against the federal government. They say that the current method of funding aboriginal education discriminates unfairly against larger First Nations, and are seeking a decision by the Canadian Human Rights Commission.Ottawa attempted to have the case thrown out, saying that it doesn’t fall within the jurisdiction of the CHRC, but a federal court decided that the CHRC can indeed handle the complaint.Michael Hutchinson sits down with Patrick Macklem, a law professor at the University of Toronto and spokesperson for the four First Nations, to talk about the complaint and its implications.UPDATED: The original version of this story incorrectly named the Ontario Human Rights Commission as the human rights body handling the complaint. The complaint is being handled by the Canadian Human Rights Commission.
VANCOUVER – As Canadian cities continue to wage a regulatory crack down on online home-rental platforms, Airbnb maintains it’s open to regulation provided new rules don’t penalize casual users and recognize not every host runs a full-fledged business.Vancouver and Toronto are both weighing imposing a number of restrictions on users, while Quebec, the first province to regulate the industry, may revamp its law in the near future.“There are still a lot of misperceptions about what homesharing is all about,” said Alex Dagg, Airbnb’s director of Canadian public policy, warning about unintended consequences from rushed regulations.“That’s the concern — that you come up with something that you think makes sense. And without understanding really what your community is looking like and how they’re using the platform and how they’re benefiting from it, you can really design something that isn’t helpful.”Many homeowners or tenants use the platform to rent out a portion of or their entire home to earn some extra cash. Airbnb’s critics include the hotel industry that says hosts face less stringent regulations and don’t have to pay the same taxes, as well as those saying it has created additional housing problems in cities with low vacancy rates and high home ownership costs.Dagg is in Vancouver to argue the American company’s case in front of a city council holding public hearings into a proposed home-sharing bylaw. If approved, it would take effect in April and require hosts to have a licence that costs $49 each year and to only rent out their primary residence.The city argues limiting short-term rentals to primary residences will protect existing long-term rental housing and potentially add new units to a heated rental market.In Oct. 2016, metro Vancouver’s vacancy rate was 0.7 per cent, according to the CMHC’s most recent figures. Meanwhile, the benchmark price for a property in the Vancouver area was $1,037,300 in September, according to the Real Estate Board of Greater Vancouver.Dagg wants the city to consider allowing Airbnb rentals in some circumstances where a person’s primary residence is outside Vancouver. For example, if someone has a primary residence on Vancouver Island where they live on weekends but owns an apartment in Vancouver for work during the week, she said they should be allowed to continue renting that space on Saturdays and Sundays.“It’s complicated,” she said, and the system requires carefully thought out regulations.In Quebec, the provincial government has imposed numerous restrictions and Dagg said the company understands the provincial tourism minister will make some amendments this fall.“It’s really designed in a way for much more professional operators,” said Dagg, while not reflecting a large, casual homesharing community. The law requires anyone renting a property via Airbnb and other online platforms for no more than 31 consecutive days to hold a permit and pay a hotel tax.Toronto, another market grappling with high rents and housing prices, recently wrapped public consultations on its proposed home-sharing regulations.The city wants to allow people to rent their principal residence for no more than 28 consecutive days. It will also require hosts to register with Toronto at a cost of $40 to $150 annually. In November, the city will hold committee meetings to vote on the regulations and, if passed, the regulations will head to council in early December.On Wednesday, Airbnb announced an arrangement with Neptune Waterpark Condos in Toronto that will allow residents to rent their primary residence in the building using Airbnb and receive a portion of the profit. It’s the first building in Canada to join the company’s so-called friendly buildings program, which had only operated in the States up to now.The system could help ease some condo boards’ concerns about security if units are rented to travellers as it gives management access to a guest registry. Dagg said there’s “no reason” a similar set-up couldn’t work in Vancouver.But she believes it’s too early to say whether Vancouver will side with the home-sharing industry and its proponents, or stick to its proposed bylaw. The public hearing is scheduled to continue Thursday.Regardless, she said, it’s important to keep monitoring regulations once they’re in place.“We’ll obviously continue to work with the city.”Follow @AleksSagan on Twitter.
CALGARY – International oil and gas producer Vermilion Energy Inc. is taking advantage of low valuations for “unloved” Canadian energy assets in a $1.4-billion deal to buy a Saskatchewan-focused rival, its CEO said Monday.The company will issue $1.23 billion worth of Vermilion shares and assume about $175 million in debt to buy fellow Calgary-based producer Spartan Energy Corp. in a transaction expected to close in June.CEO Tony Marino said Vermilion has been watching the Saskatchewan energy sector for about five years and first entered the field in 2014 because it of its light oil-producing wells and good pipeline access to markets in the United States.“The Canadian sector continued to be more and more unloved over time, especially in the past year in the capital markets, and with our evaluation methodology and criteria we had, we found it came to represent better and better value,” he said on a conference call.“Spartan is probably the best example of this out there in that you have a company that is quite capable of rapid production growth.”In January, Vermilion bought an unnamed private company with production of about 1,150 barrels of oil per day from wells near the southern Saskatchewan-Manitoba border for about $91 million in cash.The Spartan deal is expected to add about 23,000 barrels of oil equivalent per day, taking Vermilion’s overall output to about 95,000 boe/d.The deal is an opportunistic one for Vermilion and allows Spartan to escape “an increasingly frustrating” market where investors haven’t rewarded its operational expertise with a fair stock price, said analyst Kristopher Zack of Desjardins Capital Markets in a report.He said he doesn’t think a superior bid will emerge, despite Spartan getting only a five per cent premium over Friday’s closing price, noting there is a $40-million break fee if the deal isn’t completed.Both company’s boards of directors have endorsed the deal but it must receive at least two-thirds approval from shareholders to be finalized.Marino said the deal will increase Vermilion’s percentage of production from North America to about 60 per cent from 46 per cent but it will continue its strategy to have geographically diverse holdings.The company has European production from operations in Ireland, France, Netherlands and Germany and also produces oil from an offshore project in Australia.Vermilion said it is increasing its overall 2018 production guidance to a midpoint of 88,000 boe/d from 76,000 boe/d previously — it reported about 72,800 boe/d in the fourth quarter.It said it will increase its 2018 capital budget to $430 million from $325 million to reflect spending planned for the acquired lands.Follow @HealingSlowly on Twitter.Companies in this story: (TSX:VET, TSX:SPE)
NEW YORK, N.Y. – The #MeToo movement fighting sexual misconduct had already claimed one of Hollywood’s top movie moguls in Harvey Weinstein. Now it has done the same for Leslie Moonves, one of the television industry’s most powerful executives.The CBS Corp. announced its chairman’s exit late Sunday, hours after The New Yorker magazine posted a story with a second round of ugly accusations against Moonves. A total of 12 women have alleged mistreatment, including forced oral sex, groping and retaliation if they resisted him. Moonves denied the charges in a pair of statements, although he said he had consensual relations with three of the women.CBS said $20 million will be donated to one or more organizations that support #MeToo and workplace equality for women. That sum will be deducted from any severance due Moonves, a figure that won’t be determined until an outside investigation led by a pair of law firms is finished.The network’s chief operating officer, Joseph Ianniello, will take over Moonves’ duties as president and CEO until its board of directors can find a permanent replacement, CBS said.With about an hour before Monday’s opening bell, shares of CBS rose more than 3 per cent, but they are down sharply for the year. Shares tumbled 6 per cent in late July, the worst one-day sell off in nearly seven years, after details of the accusations surfaced.It has been nearly a year since Pulitzer Prize-winning articles by The New York Times and the New Yorker exposed a pattern of misconduct by Weinstein, who now faces sex crime charges in New York. Matt Lauer, Charlie Rose and Kevin Spacey are among other figures that lost jobs after men and women came forward with their own stories, often on social media with the hashtag MeToo, about sexually inappropriate behaviour by powerful men.Moonves ruled first the programming, then the full network and other corporate entities such as Showtime for two decades. CBS has consistently been the most-watched network on television, even as changes transformed the industry, first with cable networks investing in shows and then streaming services like Netflix. He’s been paid handsomely for his success, earning just under $70 million in both 2017 and 2016.Those paychecks made Moonves the second-highest paid executive in the S&P 500 among those holding the top job at their company for at least two consecutive years, according to an analysis by The Associated Press and Equilar, an executive data firm.Yet accusations emerged against the affable, raspy-voiced former actor last month, when six women accused him of misconduct similar to what came out Sunday. CBS announced an internal probe yet Moonves, who was also involved in a separate power struggle that threatened his future control of the company, remained in charge. In recent days, however, reports leaked that the CBS board and Moonves, 68, were discussing an exit plan. Reports that it could include a multi-million dollar payout provoked some online anger.The latest allegations were not addressed in CBS’ announcement of Moonves’ exit.One of the accusers who came forth in the New Yorker’s article on Sunday, Phyllis Golden-Gottlieb, also filed a complaint with the Los Angeles police last year, but no charges were filed because the statute of limitations had expired. She said Moonves, while an executive at the Lorimar production studio in the late 1980s, pushed her head into his lap and forced her to perform oral sex.At another time, she said an angry Moonves pushed her hard against a wall. When she resisted later advances, she began to be frozen out at the company, she said.“He absolutely ruined my career,” she told The New Yorker.Another woman, Jessica Pallingston, said Moonves forced her to perform oral sex on her first day working as his assistant at Warner Bros. productions. Other women told the magazine of unwanted touching or advances.In a statement to the magazine, Moonves said the “appalling accusations” are untrue, but he acknowledged consensual relations with three of the women before he started working at CBS. Moonves was married at the time; he divorced his first wife and married CBS on-air personality Julie Chen in 2004.“I have never used my position to hinder the advancement or careers of women,” he said. “In my 40 years of work, I have never before heard of such disturbing accusations. I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation and my career. Anyone who knows me knows that the person described in this article is not me.”In a second statement after his departure, Moonves said he was “deeply saddened” to be leaving the company and its employees. “Together, we built CBS into a destination where the best in the business come to work and succeed,” he said.With Moonves’ exit, CBS viewers will wonder what the future holds for Chen, who is a panelist on the daytime show “The Talk” and host of the summer series “Big Brother.” She stood in support of her husband when the first allegations hit last month.Organizations that have supported women coming forward with stories of abuse, including Time’s Up and Press Forward, said Sunday that CBS should be transparent about the findings of its internal investigation despite Moonves’ ouster.It’s difficult to imagine CBS without Moonves. The network was struggling when he took over as entertainment chief in 1995, hot from a job at the Warner Brothers studio, which developed hits such as “ER” and “Friends.”He quickly turned things around and churned out programming appealing to the older, more tradition-bound CBS audience — broad appeal sitcoms such as “Everybody Loves Raymond,” ”Two and a Half Men” and “The Big Bang Theory” and procedural dramas such as “CSI: Crime Scene Investigation” and “NCIS.” ”Survivor” was an early reality show hit, and continues to this day.Many CBS viewers knew Moonves from the relentless ribbing he took from former late-night host David Letterman. Moonves said there were legitimate hard feelings between the two in his early years, but the relationship warmed before Letterman’s retirement.Moonves was an advocate for the traditional broadcast network model when others worried it was becoming obsolete, but he also launched streaming services for CBS entertainment and news. He took over the broader CBS Corp. in 2006 but kept his hand in entertainment duties, down to casting decisions for new shows.His status as an industry king was never more evident than each year in May when CBS introduced the next year’s schedule before an audience of advertisers and media executives crammed into Carnegie Hall. He starred in each year’s presentation, often in elaborate filmed skits.Yet this spring there were already signs the end was near. Locked in a battle for corporate control with Shari Redstone of National Amusements, Moonves received a standing ovation from an audience that sensed it could be his last year. He even skipped an event he created and relished, an annual breakfast meeting with reporters dubbed “Lox with Les.”CBS’ board also announced Sunday that Redstone’s National Amusements will not propose a merger between CBS and Viacom, which Redstone had been urging, for two years. Six new CBS board members were also appointed.