Bolick: ‘I love playing against Perpetual’

first_imgLATEST STORIES Don’t miss out on the latest news and information. BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Read Next MOST READ Korean peers come to Lariba’s aid Frontrow holds fun run to raise funds for young cancer patients  Fire hits houses in Mandaluyong City Trending Articles PLAY LIST 00:50Trending Articles01:18Inquirer Varsity Seven: San Beda’s Robert Bolick02:12San Beda, Lyceum early favorites ahead of NCAA Season 9301:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games For the second time this season, Perpetual gave San Beda all it could handle as the game was once again won on the defensive end.Bolick said that games like these bring out the best in him, especially with the way the Altas have defended the Red Lions.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“They’re a good defensive team. They force you to play one-on-one and that’s not our game. That’s why they’re a good defensive team because of that. I thought it would be a walk in the park because they’re already out, but they still came out to play,” he said.Bolick finished with 15 points, five rebounds, and two assists in the win, but was forced to shoot 5-of-18 from the field. The Altas also kept San Beda’s offense in check, limiting them to a 26-percent clip, a stark contrast to the Red Lions’ average of 42.1 percent. They also held the foes to just 11 assists, far from San Beda’s average of 17 per outing.Bolick took responsibility for the Red Lions’ dismal performance.“Ever since, my role here is to get my teammates involved, and I didn’t do that today. I was looking for my shots, forcing my shots, and it’s my fault. I should get my teammates involved.”The senior guard, though, said that San Beda should charge this to experience as it looks to come out better in its next game against EAC on Friday.“We should be better. We should understand that (Perpetual is) a good defensive team, and we should execute,” he said. “But again, I’m happy for us. We’ll take this one and we will improve as a team.”ADVERTISEMENT Fire hits houses in Mandaluyong City For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Brace for potentially devastating typhoon approaching PH – NDRRMC LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Photo by Tristan Tamayo/ INQUIRER.netGames may always end up down to the wire, but Robert Bolick admitted that he relishes San Beda’s battles against Perpetual.“I love playing against Perpetual,” he said after the Red Lions’ 55-50 grindout win over the Altas on Tuesday in the NCAA Season 93.ADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH Nonong Araneta re-elected as PFF president View commentslast_img read more

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NU Bullpups rule PSSBC tourney

first_imgView comments TS Kammuri to enter PAR possibly a day after SEA Games opening Private companies step in to help SEA Games hosting LOOK: Joyce Pring goes public with engagement to Juancho Triviño Don’t miss out on the latest news and information. LATEST STORIES SEA Games: Biñan football stadium stands out in preparedness, completion BREAKING: Corrections officer shot dead in front of Bilibid Is Luis Manzano planning to propose to Jessy Mendiola? Members and supporters of the NU Bullpups celebrate after the championship game.National University lived up to its growing reputation by ruling 7th Philippine Secondary Schools Basketball Championship Rain or Shine Cup with a 107-87 rout of La Salle Greenhills on Thursday at the SGS gym in Quezon City.All it took was an explosive third period for NU to retain its label as one of the best high school programs in the nation.ADVERTISEMENT Eala named Europe’s best foreigner SEA Games: Biñan football stadium stands out in preparedness, completion Hotel management clarifies SEAG footballers’ kikiam breakfast issue MOST READ Sports Related Videospowered by AdSparcRead Next PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Batang Gilas standout Gerry Abadiano, Terrence Fortea and Kevin Quiambao starred in NU’s 34-point rampage in that period while helping limit the Greenies to just 20 points there.Fortea and Abadiano shared the Finals MVP honors after delivering 28 and 27 points, respectively, while Quiambao, who finished with 21 points and 19 rebounds, emerged as the tournament MVP.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefSan Beda took third place after nipping Far Eastern University, 78-76.last_img read more

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Arjun rallies to win Faldo Series Asia Final

first_imgShenzhen (China), Mar 4 (PTI) India?s Arjun Prasad fired a brilliant six-under-par 66 to claim a remarkable come-from-behind victory in the 10th Faldo Series Asia Grand Final, here. Prasad became the third Indian to win the Faldo Series Asia Grand Final, following in the footsteps of Rashid Khan and Abhijit Chadha. Prasad, 17, began the final day four shots behind 15-year-old Thai teenager Atiruj Winaicharoenchai, produced a near-flawless performance over the acclaimed Faldo Course at Mission Hills Dongguan. Apart from receiving the Faldo Series Asia trophy, Prasad will also be granted an exemption into an Asian Tour event, and will also go to Faldo Series Europe Grand Final. Prasad (69-71-66) posted a 54-hole total of 10-under 206 in the R&A World Amateur Golf Ranking event and finished two shots ahead of Atiruj. Six-time Major champion Faldo, Britain?s most successful golfer, said, “Arjun?s victory is a fitting finale to our 10th anniversary Faldo Series Asia Grand Final. It was an engrossing contest between him and Atiruj and this certainly ranks as one of the most exciting and dramatic final rounds we?ve seen since we launched the Series here at Mission Hills in 2007.” “It?s been an amazing week ? one that I?ll remember for the rest of my life. My thanks to Nick Faldo for all his support and encouragement. I was awestruck to meet him and to see him hit shots during the clinics. That was really inspiring,” Prasad said. His teammate, Shubham Narain (79-69-72) totaled 220. Behind Prasad and Aitruj, was Japan?s Nasa Hataoka who carded a 70 and ended three strokes further back in third. Nasa had the consolation of topping the Girls? Under-16 division and finishing as the leading female overall. Two birdies and an eagle-three at the long fourth enabled Prasad to turn in four-under 32, at which point he led 15-year-old Atiruj by one. By the time they reached the tee at the par-three 16th, Prasad had extended his advantage to two. But there he struck his only poor shot of the day, pulling his short-iron into the water and having to settle for a double-bogey that allowed Atiruj to draw level. It was then that Prasad showed his true champion qualities, arrowing a five-iron approach over water to within tap-in distance at the 17th to regain top spot. With Sir Nick Faldo watching from the sidelines, Prasad maintained his composure with a textbook par at the long 18th to seal the deal. In the Girls? Under-21 category, victory went to American Kaitlyn Papp, a three-time Rolex Junior All-American who was joint second in last September?s Faldo Series Grand Final at Sporting Club Berlin. Fourth overall at Mission Hills, the Boys? Under-21 winner was England?s Jack Yule, who also won that segment at the Faldo Series Grand Final in Berlin. In the Boys? Under-18 it was Hong Kong?s Leon D?Souza who emerged triumphant, seeing off the challenge of Japan?s Ibuki Yoshida. Recognised as the only global amateur series for boys and girls, the Faldo Series was established in 1996, expanding to Asia in 2006. Today, 40 Faldo Series tournaments take place in 30-plus countries worldwide, touching more than 7,000 golfers each year. Past winners include multiple Major champions Tseng Ya-ni and Rory McIlroy. PTI Cor AT ATadvertisementlast_img read more

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Ranji Trophy Group C Round-up: Tamil Nadu crawl to 226/5 after Baroda post 309

first_imgTamil Nadu was made to work hard in its response of Baroda’s first innings score of 309 by reaching 226 for 5 in 79 overs at stumps on day two of the Ranji Trophy Group “C” match here on Sunday.Half-centuries by Baba Aparajith (59 batting, 139 balls) and Baba Indrajith 58 (120 balls, five fours, one six) helped steady the ship for Tamil Nadu after it had slipped to 74 for 3.Skipper Abhinav Mukund, from whom a lot was expected, failed in the crunch game, falling to Dhruv Patel for just six.The other opener N Jagadeesan had been dismissed earlier, caught by Deepak Hooda off Lukman Meriwala’s bowling for 7.M Kaushik Gandhi,who was recalled to the playing XI after missing the games against Odisha and Madhya Pradesh, played with some positive intent and made 35 before falling to a catch by substitute A A Pathan.Aparajith and Indrajith came together to put on 73 runs as the visitors attempted to rebuild after the top-order failed to get going.Indrajith, who has been in good form this season, struck five boundaries and hoisted one over the ropes before Kakade dismissed him for 58.Aparajith, who too has been among the runs for TN, lost the talented, young M S Washington Sundar (12), who edged Kakade to the wicket-keeper M G Patel.He found an able partner in J Kousik (37) and the two added 59 runs, making sure that the team didn’t suffer any more setbacks.Tamil Nadu is still 83 runs behind in this must-win game.Earlier, resuming at the overnight 254 for 8, the home side added a further 55 runs to the total. Swapnil needed eight balls to move from 94 to a well-deserved century.advertisementHe guided the No.10 and No.11 batsman to take the score past 300 and used the long handle to good effect. He hit five more sixes to take his tally to eight and also slammed 13 fours before being the last man out for 144 (226 balls).Brief scores: Baroda 309 all out in 98.1 overs (Swapnil K Singh 144, K Vignesh 3 for 52) vs Tamil Nadu 226 for 5 in 79 overs (B Aparajith 59 batting, B Indrajith 58, Kaushik Gandhi 35, Kartik Kekade 2 for 63).At Indore: Odisha 147 all out in 52.2 overs (Shantanu Mishra 60, Chandrakant Sakure 4 for 42) 18 for no loss in 10 overs vs Madhya Pradesh 388 all out in 115 overs (Rajit Patidar 123, Devendra Bundela 62, Puneet Datey 56, Govinda Poddar 7 for 102).At Mumbai: Tripura 195 all out in 60.4 overs (M B Mura Singh 43, Akash Parkar 5 for 32) vs Mumbai 421 for 8 in 111 overs (Jay Bista 123, Siddhesh Lad 123, Aditya Tare 67, Dhawal Kulkarni 50 batting, Mura Singh 5 for 71).last_img read more

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Touch Football Australia Annual Report and Financial Report

first_imgIt is with great pride that the Touch Football Australia (TFA) Board of Directors and Management Team present the 2016 Annual Report.  The 2016 year marked the conclusion of our 2015 Strategic Cycle and the commencement of our journey to 2020.We take this opportunity to thank everyone in the Touch Football Community for the contribution you have made to a successful year and look forward to what will be achieved together into the future.TFA Chief Executive Colm Maguire, expressed his delight on the solid progress the organisation has displayed in driving the new strategic plan. “We are on an exciting journey to 2020 and the 2016 year is full of highlights in our first reporting period. We are incredibly proud of the foundation set through our last cycle and energised by the opportunities in our collective future.” Maguire said.To view and download our Annual Report and Financial Report, please click the respective links below.Annual ReportFinancial Report Related Links2016 Annual Reportlast_img read more

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Government afraid to recognize implement Indigenous rights says WilsonRaybould

first_imgJustin BrakeAPTN NewsJody Wilson-Raybould says the federal government has cold feet when it comes to recognizing and implementing Indigenous rights.The former Liberal justice minister and attorney general told leaders from the First Nations Justice Council in Richmond, B.C. Wednesday that despite Prime Minister Trudeau’s promises of reconciliation, “the federal government has fallen back once again into a pattern of trying to manage the problem of Indigenous peoples and making incremental limited shifts instead of transforming the status quo.“In my view, it is never appropriate or proper to have as a goal managing the challenges and the byproducts of colonialism,” she told the room of almost 200 gathered for the first annual First Nations Provincial Justice Forum.Wilson-Raybould, who was kicked out of the Liberal caucus alongside former Indigenous services minister Jane Philpott earlier this month after the two spoke out against senior government officials’ behaviour related to the SNC-Lavalin affair, said a directive she issued on civil litigation for Indigenous peoples and her work toward an Indigenous rights framework were met with significant resistance within cabinet.She said while the government is making small and important strides on things like Indigenous policy reform, fundamental change is required, including “the basic Crown recognition of Indigenous title, rights and governments.”Jody Wilson-Raybould says she met resistance within government from “some, who importantly did not and perhaps still do not realize that uncertainty, conflict and unpredictability arise as the denial of rights, not because of their recognition.” Laurie Hamelin/APTNFollowing Trudeau’s Feb. 14, 2018 speech in the House of Commons, when he promised sweeping legislative reform on the recognition and implementation of Indigenous rights, Wilson-Raybould said she thought the changes would “happen imminently.”“As you all know this has not occurred, and I fear we may have temporarily fallen back into a less audacious, less meaningful conversation and mode of work that, while perhaps more comfortable, will not achieve the transformative space that is required,” she said.The former Assembly of First Nations regional chief for B.C. praised First Nations’ work on justice reform in their own communities and said the need for a directive to reform how the government handles civil litigation involving Indigenous peoples “speaks volumes to the much more foundational challenges we still face.“The patterns of perpetual, expensive and seemingly endless litigation that we’ve fallen into is a symptom of a much deeper dilemma rooted in the history of our country and about how the law and the justice system has operated,” she said.On the issue of Indigenous rights, Wilson-Raybould said there was a fear that recognizing and implementing those rights could have negative economic consequences.“Some, who importantly did not and perhaps still do not realize that uncertainty, conflict and unpredictability arise as the denial of rights, not because of their recognition,” she said.Philpott also addressed delegates Wednesday, praising their work on justice reform for First Nations peoples and emphasizing the need to continue pushing “for the full implementation of the United Nations Declaration on the Rights of Indigenous Peoples as well as the [Truth and Reconciliation Commission] calls to action.”Jane Philpott and Jody Wilson-Raybould pose for a photo with members of the B.C. First Nations Justice Council. Justin Brake/APTN.Following the speeches the justice forum held an Honouring Ceremony for Philpott and Wilson-Raybould.Forum Chair Doug White called the women “two remarkable individuals…[who] have demonstrated with great clarity that it doesn’t matter what caucus you’re in, what party you’re in, whether you’re a minister or not, that what we need and what we crave in these kinds of defining moments is clarity of leadership, purity of resolve and commitment to basic principles, the rule of law — that we can find a principled way through to craft a different future.”Following their speeches at the @BCFNJC provincial justice forum in Richmond, B.C. Wednesday, @Puglaas and @janephilpott were honoured in ceremony. pic.twitter.com/4LGZ2GhR4L— Justin Brake (@JustinBrakeNews) April 25, 2019Addressing the former cabinet ministers and the delegation in a pre-taped video message, Grand Chief Stewart Philip of the Union of B.C. Indian Chief noted what Wilson-Raybould and Philpott have experienced in Ottawa represents “a very dark underside to the federal government which has characterized government through the colonization and neocolonial period.“We’re so proud that both Jody and Jane stood up to that, spoke out publicly, were certainly on the right side of history,” he said.“On behalf of the Okanagan Nation we want to express our deep gratitude on behalf of our children, our grandchildren, and future generations. You’ve done a tremendous service to the Indigenous Peoples of this country, you’ve set a very high standard, and you’ve inspired our people from coast to coast to coast.”[email protected]@justinbrakenewslast_img read more

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Maduros cryptocurrency genius once pushed US sanctions

first_imgCARACAS, Venezuela – A chief strategist of Venezuela’s government-backed cryptocurrency is a former U.S. congressional intern who once organized protests against the same socialist administration he’s now helping to circumvent U.S. financial sanctions.Gabriel Jimenez, 27, was catapulted to something of tech stardom in Venezuela last month when he stood alongside President Nicolas Maduro and two Russian businessmen on national TV signing a contract to position the petro, as the fledgling currency is known, among international investors.“It’s a company founded and led by young Venezuelan geniuses, boys and girls of Venezuela, who have one of the most technologically advanced blockchain companies in the world,” a beaming Maduro said at the petro’s unveiling, referring to Jimenez’s company, The Social Us.It was a remarkable reinvention for Jimenez.Maduro has repeatedly hailed the petro, the world’s first state-backed digital currency, as a way to “overcome the financial blockade” by the Trump administration that prevents his cash-strapped government from issuing new debt. On Monday, the Trump administration banned Americans from dealing in Venezuelan cyrptocurrencies benefiting the government.But Jimenez until recently had been agitating for the very same actions to punish Venezuela’s leader for jailing his opponents and destroying the oil-rich economy.A lawyer by training who describes himself as an “innovation enthusiast,” Jimenez spent several years working at a Dominican Republic-based bank where his father was a top manager. The bank collapsed in 2014 and his father was among several Venezuelan executives charged by the Caribbean nation with defrauding depositors of $30 million.After college Jimenez also started travelling to the U.S. for English and summer graduate classes at Harvard and George Mason Universities. In 2013, he started The Social Us, registering the company in Florida, as a webpage and app developer.In 2014, Jimenez worked five months as an intern in Washington for Miami Republican Ileana Ros-Lehtinen, one of Maduro’s fiercest critics. A handwritten survey he filled out upon being hired, a copy of which was provided by her office, listed in broken English that his goals for the internship were gaining “knowledge and experience about the defence of democracy.”Colleagues remember him as a spirited anti-government crusader who helped organize a caravan, known as the Trip For Freedom, in which thousands of Venezuelan exiles travelled by bus to Washington to pressure the Obama administration to slap sanctions on Maduro’s government. In photos of the event, he can be seen standing on a podium with Ros-Lehtinen at the Capitol addressing supporters in front of an American flag and photos of Venezuelan students allegedly tortured by security forces.Now his former boss thinks he or anyone else behind the petro should be considered for sanctions too.“Gabriel came to our office and said he wanted to learn how to support freedom and democracy,” Ros-Lehtinen said in a statement. “Instead, it appears he is using the freedoms that the United States provided him in order to help advance the Maduro regime’s attempts to consolidate power and destroy Venezuela’s democratic institutions. Those who work to support the Maduro regime and provide it a financial lifeline have chosen their lot and should expect to face the full consequences of turning against their people.”Jimenez in an interview defended his work for the government as serving a greater, non-political purpose: to empower Venezuelans struggling to feed themselves amid four-digit inflation.He said his work on what would become the petro began when he returned to Venezuela in 2015 and banded together with other tech entrepreneurs to design a digital currency. The group then looked to partner with the government in the hopes of bringing Venezuelans’ underground trading in cryptocurrencies out from the shadows and into legal circulation. At the time, bitcoin miners faced the threat of arrest or extortion by government agents.If the petro takes off, he says, Venezuelans will be able to freely exchange their worthless bolivars for a more stable currency, giving them a chance to raise capital and save. Currently the only way for the majority of Venezuelans to get around strict currency controls imposed in 2003 is to buy hard currency in the illegal black market.“This is about providing oxygen to people, not a government,” Jimenez said in an interview at the bustling Caracas office of The Social Us, where a dozen young programmers scrawled code in pink markers on glass windows overlooking a verdant valley and busily designed promotional materials for the petro.It’s a trade-off that many in Venezuela’s burgeoning blockchain community — almost all of them ideologically opposed to the government — are willing to accept.Still, there’s no denying the government will be the first and perhaps biggest beneficiary.This month, Maduro said the government had received commitments from investors to purchase $5 billion worth of the cryptocurrency during the pre-sale phase that culminates this week. If those materialize into actual sales, it would be a windfall equivalent to more than half of Venezuela’s dollar reserves — money the government is desperately clutching onto as it juggles re-paying billions in defaulted bonds while trying to eradicate widespread shortages.However, members of the U.S. Congress are pushing for a robust response, fearing that other nations under U.S. sanctions such as Iran and Russia could emulate Venezuela’s example, or that the petro could be used by criminal networks or corrupt officials to launder money.Of the two Russians who also signed agreements with the government to help develop the petro one, Denis Druzhkov, CEO of a company called Zeus Trading, was fined $31,000 and barred from trading for three years by the Chicago Mercantile Exchange for fraudulent trading in futures’ contracts. The other, Fedor Bogorodskiy, lives in Uruguay and was described by the government as director of a company, Aerotrading, whose website consists of a single home page with no company information.Neither would comment on their work with the Venezuelan government. But in response to the request for comment, an email signed by “Zeus Team” said that Druzkhov had been invited to Venezuela as an expert and Zeus is not working on the project. It also said that as part of Druzhkov’s settlement with the Mercantile Exchange in 2014, he did not admit to any rule violations.On Monday, President Trump signed an executive order immediately banning all use by Americans of Venezuelan digital currencies, coins or token issued on behalf of the Venezuelan government.A senior administration official told journalists Monday that while the U.S. can’t block Venezuela from developing the petro, the global reach of the American financial system means its ban will have far-reaching consequences around the world and may force other countries to follow suit.Sen. Bob Menendez, who as the top Democrat on the Senate Foreign Relations Committee has led the effort to combat Venezuela’s use of cryptocurrencies, applauded the move.“Beyond sanctions evasion, the Petro was hand-tailored to perpetuate the money laundering and plundering of public resources that has tragically led Venezuela to economic ruin.” He said in a statement.Jimenez, whose preference for sneakers and jeans exude a sort of nerd esthetic not unlike his entrepreneurial role models in Silicon Valley, said he never intended to help circumvent U.S. sanctions. He also argues that the petro — a financial product that doesn’t generate interest or have a payback schedule like a bond — doesn’t qualify as the sort of debt instrument the Trump administration had been targeting.Instead, he talks of “democratizing” access to global financial system for struggling entrepreneurs and decentralizing Venezuela’s government-run foreign exchange system, which many blame for the economy’s depressed state.“We can’t just sit here with our arms crossed, with all that we, our friends and our family are going through,” he said. “Doing nothing would be irresponsible.”—Follow Goodman on Twitter: https://twitter.com/APjoshgoodmanlast_img read more

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CEO lawyer granted bail pending appeal in blockbuster Knowledge House fraud

first_imgHALIFAX – The mastermind and the enforcer of a sophisticated multimillion-dollar stock market scheme have been granted bail, a day after being sentenced to prison for conspiracy and fraud in one of the most complex cases of white collar crime in Nova Scotia history.Daniel Potter, the former CEO of the defunct tech firm Knowledge House, and former lawyer Blois Colpitts were released Thursday pending the outcome of an appeal.The disgraced executives were found guilty in March of conspiracy to manipulate the firm’s share price and carrying out fraudulent activities in a regulated securities market.Nova Scotia Court of Appeal Justice Cindy Bourgeois signed the bail orders after imposing multiple conditions, including requiring them to hand over their passports, remain in the country and report weekly to police.They have also each entered into a recognizance in the amount of $100,000, with family friends agreeing to act as sureties.The businessmen, who appeared somewhat weary after a night in jail, agreed to the release conditions.Crown attorney James Martin told the court Potter and Colpitts did not pose a flight risk, and that there was no concern they would commit further offences.On Wednesday, Nova Scotia Supreme Court Justice Kevin Coady sentenced Potter, 66, to five years and Colpitts, 55, to 4 1/2 years.In his decision, the judge said “there is virtually no risk that either Mr. Potter or Mr. Colpitts will reoffend.”Meanwhile, the court set aside eight days in September 2019 for the appeal, though the matter is expected to return to court on Aug. 23 of this year to deal with procedural issues in the complicated case.Defence lawyer Jane O’Neill asked if the appeal book, which would include a transcript of the 44-day trial and all the documentary evidence, could be submitted in an electronic format.“The trial transcripts alone are 22,000 pages, the exhibits are in the tens of thousands of pages,” she told the court, adding that — given several hard copies would be required — “I’m not sure there’s enough real estate in this building to hold all of those books.”The trial began in November 2015 and heard from 75 witnesses over more than 160 court days, and 184 exhibits were received including thousands of documents.The jail terms handed down to Potter and Colpitts this week came nearly 17 years after the e-learning company’s dramatic collapse.Knowledge House, the once high-flying Halifax technology darling, developed software the company promised would revolutionize the elementary, high school and post-secondary education systems.The co-conspirators used multiple manipulative techniques to prop up the firm’s share price, including using margin accounts to dominate the buy-side of the market, suppressing sales and “high closing” the stock, or entering orders late in the trading day to boost the closing share price.“Mr. Potter was the silver-tongued mastermind, the architect of the conspiracy, who exerted his influence to manipulate and control other shareholders,” Coady said in his decision.“He dictated who could sell shares, when they could sell, and how much they could sell.”Meanwhile, the judge described Colpitts as “the enforcer” who used his position as counsel “to threaten legal action against anyone who might derail the conspirators’ efforts.”Coady said Colpitts provided legal advice in support of the conspiracy as well as negotiated investment deals and prepared legal documentation knowing that the market price for Knowledge House was being manipulated.The tech company traded on the Toronto Stock Exchange before what the judge described as “the house of cards” collapsed in August 2001, sending Knowledge House stock plummeting to 33 cents a share from $5.10.Though the Crown had estimated the fraud was about $86 million, Coady said he would not put a specific dollar figure on the scheme, instead calling it a “large scale multimillion-dollar fraud.”last_img read more

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Amazon plans to open new distribution centre in Edmonton area hire 600

first_imgNISKU, Alta. — Online retail giant Amazon.com Inc. is opening a new distribution centre in Leduc County, just south of Edmonton, with plans to create 600 full-time jobs by 2020.The e-commerce company says the approximately 92,900-square-metre (one-million-square-foot) centre in Nisku, Alta., will be the company’s 11th distribution facility in Canada, and its second in Alberta.It already operates a similar facility in Rocky View County in southern Alberta, where it employs more than 1,500 full-time workers.Amazon’s other fulfillment facilities are located in British Columbia and Ontario.The Seattle-based company says workers at the new centre will be responsible for picking, packing and shipping larger items such as outdoor equipment, patio furniture and bicycles.The Canadian Presslast_img read more

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No Federal funding included in Budget to help the Oil and Gas

first_imgCALGARY, A.B. – Oilpatch observers say there is nothing in the new federal budget to deal with Canada’s competitive disadvantage with the United States in oil and gas.Statistics Canada says capital spending to extract oil and gas will fall for a fourth straight year, with the biggest declines projected to be in the oilsands sector.Hardest hit will be Alberta, but spending will also be down in Newfoundland and Labrador, B.C. and Saskatchewan. CIBC economist Avery Shenfeld says the numbers are falling because big projects are wrapping up and not being replaced.He says companies are seeing bottlenecks in the ability to get a product to the market and a lighter regulatory environment in the U.S.Ottawa says more analysis is necessary before considering tax cuts to match the U-S, which announced in December it would drop its federal corporate tax rate to 21 percent from 35 percent.University of Calgary tax expert Jack Mintz says Canada had a tax advantage over the U-S until recently but that has evaporated.(THE CANADIAN PRESS)last_img read more

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