Friday 11 March 2011 7:31 am Share JJB will provide further details of its revised business plan, with funding requirements and proposed financing arrangements, on or around 15 March 2011, it said. Show Comments ▼ Tags: NULL JD Sports ditches JJB talks Shares in struggling retailer JJB Sports plummeted more than six per cent today as JD Sports Fashion backed out of rescue plans.JD, which announced on 2 February that it was in early stage takeover talks with JJB said in a statement it has “no intention” of making an offer.JD complained its rival had not co-operated fully in early talks and when it put forward proposals at the beginning of February it received “no further information whatsoever” from JJB Sports.“Following a detailed assessment of the opportunity from the further public information made available … JD Sports Fashion now confirms that it has decided that it does not intend to make an offer for JJB Sports,” it said.In response, JJB said it would go back to delivering its standalone restructuring plan, adding that it believed JD Sports’ proposal to be “highly conditional” and “lacking sufficient certainty to be deliverable.”Chairman Mike McTighe said: “JJB’s restructuring continues as planned with the whole management team focused on and committed to delivering a stable standalone future for JJB and its employees.”JJB, which counts Bill Gates as an investor, has been in financial difficulty for months.Talks with JD sent company shares soaring 17 per cent. John Dunne whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap
Companies: GiG AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th August 2019 | By Daniel O’Boyle Tech & innovation Increased regulation in Sweden and the termination of a large customer contract led to a decline in revenue for Gaming Innovation Group, as the company reported H1 2019 revenue of €63.4m (£58.7m/$70.1m) and a net loss of €9m, up 152% from last year’s net loss of €3.6m. Subscribe to the iGaming newsletter Email Address Topics: Tech & innovation GiG losses widen as Swedish regulation bites Increased regulation in Sweden and the termination of a large customer contract led to a decline in revenue for Gaming Innovation Group, as the company reported H1 2019 revenue of €63.4m (£58.7m/$70.1m) and a net loss of €9m, up 152% from last year’s net loss of €3.6m.“It has been a quarter with some headwind, primarily due to a tougher Swedish market,” chief executive Robin Reed noted.Much of the decline in revenue came from the company’s B2C services, where revenue for the six months to 30 June fell from €49.6m in 2018 to €39.8m. The operator and supplier cited tough operating conditions in the newly regulated Swedish market for the decline. In-house brand Rizk represented 73% of B2C revenue, growing 17% year-on-year.B2B revenues fell from 30.9m to €27.3m, resulting in a decline in earnings before interest tax depreciation and amortisation from €8.6m to €5.1m. The company attributed most of this decline to the termination of a B2B contract with a large, unnamed, client in the fourth quarter of 2018. In its Q4 2018 report, GiG said the decision to terminate this contract was due to its “priority to grow long-term in regulated and soon-to-be regulated markets,” and stated that the contract could, “potentially harm this development.”Cost of sales for the company declined 1.5% to €13m. Marketing expenses were also down, driven mostly by a decline in B2C marketing expenses, from €24.8m to €16m.Marketing expenses related to reevnue share fell to €5.6m, with other marketing expenses dropping from €17.2m to €11.9m.Other operating expenses also declined, by 13.4% to €26.3m, resulting in slightly increased earnings before interest, tax, depreciation and amortisation, at €6.6m. However, depreciation and amortisation costs increased 36.3% to €13.1m and financial income resulted in a loss of €2.3m, resulting in a pre-tax loss of €8.8m and a net loss of €9m.For the second quarter of 2019, revenues fell year-on-year from €36.9m to €31m, while costs of sales increased 3.3% to €6.6m.Total operating expenses declined from €28.9m to €21.9m, but again increased depreciation and amortisation costs as well as financial losses of €2m contributed to a net loss of €6.1m.Despite the decline in revenue, Reed said the company is in a strong position to build for the future.“Our progress in Q1 and Q2 this year puts us in a more robust position to generate and meet demand,” Reed said. “We find ourselves with the strongest pipeline of potential customers we have had for the last couple of years. SkyCity Entertainment Group, the largest gaming, entertainment and hospitality group in New Zealand, is now online, powered by our full solution.“We are making strides into the coveted compliance space with GIG Comply having been sold to some of the top 10 operators in the world.”On 13 August, GiG announced it had reached an agreement to sell its Highroller B2C brand to affiliate and operator Ellmount Gaming for €7m. Reed stated that Ellmount Gaming will become a B2B client of GiG.
TAGSDouyinPremier LeagueTikTokTottenham Hotspur SHARE Facebook Twitter Share on Facebook Tweet on Twitter Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Latest Sports News Previous articleIndia eye upset against Djokovic-less Serbia in Davis Cup tieNext articleInternational Film Festival of India at Goa to have sports films section Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates, Follow Live update Football Football Football Euro 2020 Top Scorers: Ronaldo joins Patrik Schick at top, Lukaku remains second; Check who is leading the Euro 2020 Golden Boot race Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive By Kunal Dhyani – September 13, 2018 Football by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlineUndoThe app reached 150 million daily active users (500 million monthly active users) in June 2018,and was the world’s most downloaded app in the first quarter of 2018, with an estimated 45.8 million downloads. With 100 million registered users, the app generates more than one billion daily video views.Douyin was the sixth most downloaded app in the world in the first quarter of 2018 across iOS and Android devices. It was also the world’s most downloaded non-gaming iOS app, while 85 per cent of the site’s users are under the age of 24.The service allows users to engage with 15-second video clips, with the content appearing on each individual’s timeline the result of an algorithm designed to provide users with the content most relevant to their needs.The launch on Douyin is the latest move in Tottenham’s partnership with Shanghai-based sports marketing agency Mailman Group, which drives the club’s social media activity in the country.Also Read: Tottenham Hotspur announces Audi as official car partner in a 4-year dealSpurs claim a fanbase close to 45 million people in China, with an official supporters’ clubs in both Beijing and Shanghai. Part of this is due to the success of the club’s Weibo account, with 1.7 million followers on the Chinese social media platform.Chinese messaging app WeChat has also proven fruitful for the club, with a further 25,000 followers on the app.Donna Maria-Cullen, Tottenham executive director, said, “We are constantly looking at innovative ways in which we can further engage our young and growing fan base.“The progress of our team on the pitch in recent years, coupled with the stand-out performances of our players at this summer’s Fifa World Cup, has led to increased demand for unique club content in line with the growing popularity of football in the region.”“We are delighted to be working with Mailman to launch this new and exciting partnership with Douyin, a first for a Premier League club, and one whereby we hope to bring our fans closer to the club and its players than ever before.”Also Read: Tottenham Hotspur announce Harman as official audio supplier Cricket Euro 2020 Points table: Germany secure first win, Poland keep Euro hopes alive; Check Euro 2020 latest group standings Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndoDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsoredUndo Cricket RELATED ARTICLESMORE FROM AUTHOR WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs Tottenham Hotspur inks Chinese streaming deal with Douyin Tottenham Hotspur have become the first Premier League club to sign a streaming deal with Chinese music video platform and social network – Douyin, also known as TikTok in other countries.The English top-flight football club, under the terms of the agreement, will use the app-based short-form video service to content such as skills, goals and behind-the-scenes footage to attract young Chinese fans to the club. ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look FootballLatest Sports NewsSports BusinessNewsSport Football Football Latest Sports News Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR
Photographs: MIRAN KAMBIČSave this picture!© MIRAN KAMBIČRecommended ProductsPlasticsLamitechCompact plastic laminateWindowsSolarluxSliding Window – CeroWindowsJansenWindows – Janisol PrimoWoodAccoyaAccoya® Cladding, Siding & FacadesText description provided by the architects. Rožna Dolina was known for a long time as the most prestigious villa district in the Slovenian capital Ljubljana. However, as early as the 1930s, its periphery slowly began to spontaneously fill with low-quality housing. Today these poorly maintained houses are surrounded by overgrown gardens, woodsheds, workshops and are affecting the overall aesthetic, functional, and hygienic conditions of this once important urban district. In this degraded part of the city, the process of gradual re-urbanization is currently taking place. It has started in the socialist period some 60 years ago with an extensive demolition of the existing urban fabric and the construction of new massive blocks of flats. Today it is continued with an erecting of an increasing number of new buildings, either in the form of luxurious villas blocks or individual exclusive modern villas.Save this picture!© MIRAN KAMBIČSave this picture!Ground floor planSave this picture!© MIRAN KAMBIČA new urban matrix is emerging that will gradually outgrow the chaotic suburban tissue. This interim period is, however, full of paradoxes and grotesque gaps between the old and the new. Despite the lack of a clear spatial vision and broader strategy, the district is slowly being filled with modern facilities which will raise the quality level of both living standards and urban area. The new residential semi-detached house stands on a long and narrow plot of land, which is sandwiched between older adjacent residential houses. The new house is designed to accommodate two large families of five and it is built on the site of a previously dilapidated residential building, which was of poor quality and low living value.Save this picture!© MIRAN KAMBIČThe unusual building plot dictated a unique narrow floor plan, which measures only 6 m in width and 30 m in length. The height of the building is 9 m and has three functional floors. It houses two identical residential units, each having a usable area of 170 square m. The units are sequentially placed one behind the other with a common parking area in front of the building facing the access street. On the ground floor, there is a large living room with an attached kitchen.Save this picture!© MIRAN KAMBIČSave this picture!© MIRAN KAMBIČEncompassed with glass panoramic windows the living quarters are well lit and can be fully connected with a 30 m long and 6 m wide outdoor atrium. The first floor is where the children’s rooms, their bathrooms, and a study are located. The master bedroom with adjoining rooms is located on the top floor, with access to a large rooftop terrace. The house acquired its characteristic and recognizable silhouette in the process of stacking together the functional areas.Save this picture!© MIRAN KAMBIČVisually, the building is conceived as a monolith, a materially uniform cube, which is sculpturally modified, according to the sculptural principle of subtraction. The façade cladding made of dark brown bricks gives the house its desired uniformity of materiality and corporeality. The different rhythms of the windows and the alternation of open and closed surfaces on the facades do not defeat the volume perception of the building, as it is perceived on the scale of a building primarily as its texture and not as a structure.Save this picture!© MIRAN KAMBIČThe further arrangement of the wider spatial environment of the building will be the result of negotiations with neighbors, who may in the future follow the example and replace the dilapidated buildings and improve the general urban condition of the space, among which also such common things as using underground conduction of electrical conductors, repairing the sidewalks, fixing roads, mending fences and revamping green gardens.Save this picture!© MIRAN KAMBIČProject gallerySee allShow lessHouse in Aokibashi / Shinta Hamada ArchitectsSelected ProjectsRuralation Museum Hotel / AZL ArchitectsSelected Projects Share Architects: ARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTURE Area Area of this architecture project Save this picture!© MIRAN KAMBIČ+ 27Curated by Paula Pintos Share “COPY” Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954599/the-double-brick-house-arhitektura-office-for-urbanism-and-architecture Clipboard Houses The Double Brick House / ARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTURESave this projectSaveThe Double Brick House / ARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTURE Year: The Double Brick House / ARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTURE 2020 ArchDaily CopyAbout this officeARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTUREOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLjubljanaOn FacebookSloveniaPublished on January 12, 2021Cite: “The Double Brick House / ARHITEKTURA / OFFICE FOR URBANISM AND ARCHITECTURE” 12 Jan 2021. ArchDaily. Accessed 10 Jun 2021.
News UpdatesCentre Designates Chhota Shakeel, Tiger Memon, Bhatkal Brothers & 14 Others As ‘Terrorists’ [Read Notification] LIVELAW NEWS NETWORK27 Oct 2020 6:20 AMShare This – xThe Central Government has designated eighteen more individuals including Chhota Shakeel, Bhatkal brothers and Tiger Memon as ‘terrorists’ The Home Ministry has invoked its powers under clause (a) of sub-section (1) of section 35 of the Unlawful Activities (Prevention) Act, to notify the names of followingindividual in the Fourth Schedule to the said Act, if it believes that he…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Central Government has designated eighteen more individuals including Chhota Shakeel, Bhatkal brothers and Tiger Memon as ‘terrorists’ The Home Ministry has invoked its powers under clause (a) of sub-section (1) of section 35 of the Unlawful Activities (Prevention) Act, to notify the names of followingindividual in the Fourth Schedule to the said Act, if it believes that he is involved in terrorism.Sajid Mir @ Sajid Majeed @ Ibrahim Shah @ Wasi @ Khalid @ Muhammad WaseemYusuf Muzammil @ Ahmad Bhai @ Yousuf Muzammil Butt @ Hurreira Bhai Abdur Rehman Makki @ Abdul Rehman MakkiShahid Mehmood @ Shahid Mehmood RehmatullahFarhatullah Ghori @ Abu Sufiyan @ Sardar Sahab @ FaruAbdul Rauf Asghar @ Mufti @ Mufti Asghar @ Saad baba @ Maulana Mufti Rauf AsgharIbrahim Athar @ Ahmed Ali Mohd. Ali Shaikh @ Javed Amjad Siddiqui @ A.A. Shaikh @ ChiefYusuf Azhar @ Azhar Yusuf @ Mohd. SalimShahid Latif @ Chota Shahid Bhai @ Noor Al DinSyed Mohammad Yusuf Shah @ Syed Salahudeen @ Peer Sahab @ BuzurgGhulam Nabi Khan @ Amir Khan @ Saifullah Khalid @ Khalid Saifullah @ Jawaad @ DaandZaffar Hussain Bhat @ Khursheed @ Mohd. Zafar Khan @ Moulvi @ Khursheed IbrahimRiyaz Ismail Shahbandri @ Shah Riyaz Ahmed @ Riyaz Bhatkal @ Md. Riyaz @ Ahmed Bhai @ Rasool Khan @ Roshan Khan @ AzizMd. Iqbal @ Shabandri Mohammed Iqbal @ Iqbal BhatkalShaikh Shakeel @ Chhota ShakeelMohammad AnisIbrahim Abdul Razak Memon @ Mustaq @ Tiger MemonJaved Chikna @ Javed Dawood TailorThe notification states that these individuals are associated with terrorist organizations like LASHKAR-E-TAIBA , JAISH-E-MOHAMMED, INDIAN MUJAHIDEEN etc. Regarding Riyaz Bhatkal, the Centre states that he voluntarily and actively participated in the conspiracy and planning leading to several terrorist acts including the blasts at Hyderabad (2007), Jaipur, Delhi and Ahmedabad (2008), Hyderabad (2013) and also in the actual execution of terrorist acts including bomb blasts at German Bakery (2010), Chinnaswamy Stadium, Bangalore (2010) , Jama Masjid (2010), Sheetlaghat (2010) and Mumbai (2011).Chhota Shakeel, the Centre said, looks after all criminal and underworld operations of D-Company under supervision of Dawood Ibrahim, who is already designated as a terrorist. Tiger Memon is an associate and younger brother of Dawood Ibrahim Kaskar and is the main accused in Bombay Bomb Blast case in 1993, the notification readsAs per the Unlawful Activities (Prevention) Act 1967, the government can notify organizations as terrorist organizations by including them in the First Schedule. Under the Act, the central government may designate an organisation as a terrorist organisation if it: (i) commits or participates in acts of terrorism, (ii) prepares for terrorism, (iii) promotes terrorism, or (iv) is otherwise involved in terrorism. The 2019 Amendment further empowered the Centre to designate individuals as terrorist on the above grounds. It proposes to add ‘Fourth Schedule’ to the principal Act which will include the names of individuals designated as individuals. An individual aggrieved by the designation as terrorist has the option to challenge it before a Review Committee constituted by the Central Government.Maulana Masood Azhar, Hafiz Saeed, Zaki-ur-Rehman Lakhvi and Dawood Ibrahim, were the first individuals to be declared terrorists invoking the 2019 UAPA Amendment. In July, this year, it notified nine Khalistani leaders as Terrorists. Pleas challenging 2019 Amendment of UAPA are under consideration of the Supreme Court. One such petition by Sajal Awasthi, a resident of Delhi, contends that conferring of such a discretionary, unfettered and unbound powers upon the central government is antithesis to the Article 14 of the Constitution of India. The petitioner contends that the amendment strikes at Fundamental Rights of an individual at various levels, and affects right to reputation.Click here to Read/Download NotificationRead Notification Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
YvanDube/iStock(ERIE COUNTY, Pa.) — Bedbugs are believed to have been released inside a Pennsylvania Walmart, prompting a police investigation, authorities said.The discovery was first made on Jan. 2, when an employee of the Walmart in Erie County found a closed pill bottle containing live bugs inside a boy’s jacket that was on sale, Pennsylvania State Police said.Walmart employees threw out the jacket and pill bottle and contacted Ecolab the next day, police said.An Ecolab employee found bugs crawling around the store’s men’s fitting room and identified the infestation as bedbugs, police said.Then on Saturday, a Walmart employee found a second closed pill bottle — with several dead bugs inside — lying on the floor of the men’s department, police said.The Walmart staff called the police who responded to the store and collected the bottle for fingerprint processing, authorities said.Employees are reviewing store surveillance video, police said.“Walmart reached out to other stores in the area and verified this has been an isolated incident,” police said.“Bedbugs are experts at hiding,” according to the CDC, because they can slide into luggage, clothes, bedding, mattresses and bed frames.They aren’t known to spread disease but can cause itching and loss of sleep, according to the CDC.A spokesperson for Walmart did not immediately respond to ABC News’ request for comment.Copyright © 2020, ABC Audio. All rights reserved.
Comments are closed. Related posts:No related photos. Previous Article Next Article Tax rules could pave way for unfair lay-off claimsOn 4 Apr 2000 in Personnel Today Employers could face a barrage of unfair dismissal claims from trainers orIT consultants after the IR35 tax regulations take effect later this week,employment lawyers are warning.According to IT law firm Tarlo Lyons because the change in the law meansthat contractors are now treated as employees in terms of tax, disgruntled ITstaff might claim unfair dismissal when their contracts are terminated.Kevin Barrow, partner at Tarlo Lyons, said, “Tribunal cases costnothing for the applicant to make, but a lot for the employer to defend. Thiscould be very costly as the compensatory award limit for unfair dismissal hasgone up from £12,000 to £50,000.”There is uncertainty about who would be deemed the contractor’s employer asmany work through recruitment agencies, but Barrow believes that a court ismore likely to classify the “end-user” as the employer.It is thought there has already been one case of an IT contractor who hadbeen working for a bank claiming unfair dismissal.The Government brought in IR35 to close a loophole that allowedself-employed contractors to avoid paying full National Insurancecontributions. To date attention has been largely focused on the impact on IT staff asthere is a high number of technicians engaged as contractors rather thanemployees. But experts say there is no reason why the problem could not also extend toone-man training companies employed by firms.Jeffrey Brooks, head of the recently formed Institute for Training andOccupational Learning, said, “It will affect quite a number, particularlythose that have been outsourced and have one or two contracts.”ITOL will be producing a note on IR35 for its members shortly.There had been hopes that the Chancellor would ease IR35 requirements, butno mention was made in last month’s Budget.www.itol.co.uk
The government has released a revised set of visa proposals which aim to curb the number of foreign students in Britain by around 100,000 a year.The coalition believes that the new proposals offer compromises on their more stringent original plans, which were met with hostility by universities nationally. Home Secretary Theresa May said that significant changes were necessary to combat abuses in the system and to reduce annual net migration.The measures, which will be implemented from April, will include alterations to the post-study work route and restrictions on which students can bring dependants to the UK with them. There will be tighter regulations for private colleges wishing to sponsor overseas students, in order to prevent enrolment at bogus colleges.The concessions offered include scrapping the plan for an arbitrary cap on student migration and allowing some students to stay in the UK after graduation. Revised measures will enable students with the offer of a graduate-level job paying at least Â£20,000 a year to stay on to work.Additionally, whilst there will be tougher English language requirements in place for those who wish to study in the UK, universities will be able to introduce their own tests for potential students.A spokesperson for Oxford University said, ‘We welcome the proposals regarding the changes to the student immigration system and are satisfied that our serious concerns were listened to carefully by the Government.‘The changes announced will ensure that we continue to attract the most intellectually able international students to Oxford and that students will still have the opportunity to take up graduate level jobs after completing their studies.’Nevertheless there remains opposition to the proposals. Colin Jackson, OUSU’s International Students Officer said, ‘While some of the more egregious proposals (requiring that students physically return home to extend their stay, not allowing universities to vouch for students’ ability to speak English, etc.) have been done away with, the tone – and more importantly the effect – of these proposals still belies what I see as hostility towards international students.’Clare Joyce, an American PPE student, told Cherwell, ‘It is important to remember that there are already many obstacles for non-EU students seeking to pursue their studies in the UK … The ability to attract the best and the brightest, regardless of their home country, to Oxford, is a substantial part of what keeps Oxford globally competitive in an age where that competition has become more intense than ever.’Similarly, Vartan Shadarevian, a first-year student at University College, said, ‘International students on graduation, by virtue of their degree, are some of the best educated immigrants in the country. They pay much higher international fees, and throughout their time of study pay living and accommodation costs, pouring huge sums of money into the British economy … foreign students represent the most welcome form of immigration, and treating them as other immigrants is an ill advised, ill thought-out policy direction.’Â
We hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?Yesterday the City-County Observer posted a link to the Indiana State Board of Accounts “Special Investigation Report” of the financial records of the Echo Housing Agency during JANUARY 1, 2015 to February 28, 2918. On the cover page of this report State Examiner, Paul Joyce-CPA made the following statement; “We performed procedures to determine compliance with applicable Indiana laws and uniform compliance guidelines established by the Indiana State Board of Accounts. The Results and Comments contained herein describe the identified reportable instances of noncompliance found as a result of these procedures. Our tests were not designed to identify all instances of noncompliance; therefore, noncompliance may exist that is unidentified. Any Official Response to the Results and Comments, incorporated within this report, was not verified for accuracy.”IS IT TRUE we find it puzzling that the” Special Investigation Report” didn’t identify who else may have benefitted from the alleged misappropriations of Ms. Tenbarge?…the State Board of Accounts “Special Investigation Report” has been accepted as accurate by the Echo Housing Board of Directors that still leaves several questions unanswered as it only concentrated on the actions of Tenbarge that allegedly victimized Echo Housing and the taxpayers of the entire United States that granted money into those coffers?…as for Tenbarge a tabulation on page 14 of the State Board Of Accounts “Special Investigation Report” charges that a total of $180,006 is expressly concluded to be due back to Echo Housing from Stephanie Tenbarge who has been indicted for 3 crimes that could put her into prison for longer than her life expectancy?IS IT TRUE that in the body of the State Board of Accounts “Special Investigation Report” a reference is made to a “contractor” who was living in Echo Housing property free and also received payments of over $135,000?…there are numerous other unnamed people or “contractors” who are cited in this report for having received payments from Echo Housing plus it seems as though the established procedures for financial oversight were either not followed at all or followed in a most incompetent way?…it is also cited that Echo Housing carried crime insurance policies but the limits and deductibles of these policies are not stated?…if these policies are worth the paper they are written on Echo Housing may just get reimbursed for some of the losses that happened due to a proven crime? …if Ms. Tenbarge is not found guilty of the alleged crimes then this policy will not pay a darn thing?…one would expect that such an entity would carry a policy for the errors and omissions associated with the actions and inactions of the Board of Directors?…that small petty theft can easily get swept into the operations of a large organization but for transactions over a number of years subject to a “Special Investigation Report” of nearly $200,000 carry more responsibility than just the alleged thief?IS IT TRUE that an exit conference was recently held that was attended by Chris Metz, Executive Director; Karen Woodard, Office Administrator; Dane Chandler, President of the Board; Rev. Gerald C. Arnold, Board member; and Jason M. Fisher, Board member?…it’s possible that a couple members of this group could bear some responsibility for what has happened at Echo Housing as they were the fiduciaries sworn to carry out the policies that had been adopted and to provide oversight of the former Executive Director?…we believe that the only way that Echo Housing missing funds isssue can be proven that Stephanie Tenbarge acted alone is to allow the Forensic Audit to point it out?…the insurance companies involved will certainly have an incentive to root out who all of the illegal beneficiaries of this fiasco are from Tenbarge, to board actions, to contractors and service providers?…that some people believe that it may be convenient to hang all of this missing funds issue on Tenbarge and some people in elected and appointed offices hope that this problem goes away but some people believe that would not be in the interest of justice? …bottom line, nothing but a fully executed Forensic Audit will reveal the full tabulation of who benefitted and how?…to do any less is to act as an aider and abetter of the alleged theft?IS IT TRUE here’s a link of the State Boards Of Accounts “Special Investigation Report”? Echo Housing AuditIS IT TRUE that there were just some layoffs in downtown Evansville and these were some good paying jobs?…the layoffs we speak of were at Vectren where the acquisition purge finally came about right after the public utility was bought out?…there has been no official count yet and most of the people who were laid off were also bought out with several actually getting golden handshakes of over many million dollars?…to the disgust of many, some of the golden parachute crew will be eligible to draw unemployment benefits of roughly $400 per week from the State of Indiana for the next 26 weeks?…as aggravating as some folks may be over this it is fair as they will not be getting paychecks?…there is no means test to draw unemployment and one who gets a million dollar handshake is just as entitled under the law to unemployment benefits as one who gets a two week severance check?…we do wish the departing Vectren employs good fortune as they move on and are disheartened to see a prominent corporate headquarters vaporize in downtown Evansville?IS IT TRUE the reality that the demographics of the neighborhood where the new $18 Million bike path was just installed have reared their ugly head once again when it comes to supporting a grocery store?…it has not been long since the Buehler’s Buy Low and a CVS closed due to poor business and other than a gold plated bike path, nothing else has changed?… Jimtown was Jimtown before the gilded bike path was built and Jimtown is still Jimtown?…the reality is that Jimtown doesn’t have the cash flow to support a grocery store?… Jimtown’s population is sufficient but the income of the residents is not?…downtown Evansville residents have the income but they don’t have the population needed to support such stores?…there is no reason to believe given the housing stock and available land that either of these situations will change in the next two decades? IS IT TRUE last night the 4th Ward City Council candidate Alex Burton had a very successful political raising event at a Hayne’s Corner Pub? …it’s obvious that Mr. Burton campaign is attracting a diverse group of supporters? …one thing for sure that Mr. Burton campaign staff are really for his campaign to begin? …we are told that 24-year 4th Ward City Councilwoman Connie Robinson is openly supporting Alex Burton to replace her on City Council? IS IT TRUE we are told that the ACLU is watching to see if a group of individuals are successful in forcing the cancellation of the upcoming “Drug Queen Story Hour” scheduled to be held at the North Park Public library?Todays“Readers Poll” question is: Would you like for the Echo Housing Board of Directors to release a copy of the Forensic Audit of Echo Housing to the general public?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports.If you would like to advertise on the CCO please contact us at City-County [email protected] FOOTNOTE: Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers. FacebookTwitterCopy LinkEmail
IS IT TRUE last week we predicted that the State Board of Accounts will be holding an exit conference to discuss the 2014 Evansville Water and Sewer Utilities audit with present elected and appointed City officials on February 2, 2016? …our prediction was spot on? …we are pleased to hear that the State Board of Accounts called and invited former President of City Council John Friend CPA to attend this exit conference? .IS IT TRUE we are extremely pleased that the Evansville Brownfield Corp. meeting will be held on Friday, January 29, 2016 at 1:30 pm in the Ellerbrook Conference Room, at the Downtown Vectren Corporate offices? … our sources tell us that the meeting will be open to the public?IS IT TRUE the mission statement for the not-for-profit Evansville Brownfield Corp does not include the holding of public debt and the leasing of commercial structures.IS IT TRUE we wonder why Evansville Brownfield Corp a not-for-profit organization will be holding the bonds for the parking garage which will be leased to the Convention Hotel?IS IT TRUE we hear that there may be some interest in requesting a review of the not-for-profit status of Evansville Brownfield Corp by the Department of the U S Treasury and Internal Revenue Service?IS IT TRUE the Evansville Redevelopment Authority holds the bonds for the Ford Center and leases the facility to the Evansville Redevelopment Commission? …we wonder why?IS IT TRUE the purpose of the Evansville Redevelopment Authority is to circumvent the limitation of total debt to income ratio that the City of Evansville would be allowed to maintain?IS IT TRUE the purpose of laying off the bonds onto Brownfield is one of those questionable mechanisms to avoid the capping of Evansville Redevelopment Authority debt limitations?IS IT TRUE at Monday evening City Council meeting City Controller Russ Lloyd presented the investment levels of the City of Evansville? …we can’t wait to hear his public presentation concerning the soon to be released State Board of Account City audit for 2014?IS IT TRUE we sat with eager anticipation for City Council Finance Chairman Dan McGinn to ask Russ Lloyd City Controller the hard questions concerning city finances? …City Councilman Dan McGinn just sat silently and smiled at Russ?IS IT TRUE Council Finance Chairman Dan McGinn should have asked what level of debt our city had on the first day of 2015 and what are those level as of December 31, 2015?IS IT TRUE Mr. McGinn should know that the investments are just one half of the equation what about the increases in our debt levels?IS IT TRUE todays “READERS POLL; “Do you feel its time for the books of the Evansville Brownfield Corp to be audited?IS IT TRUE future articles shall be posted on Mondays, Wednesdays and Fridays unless we have unexpected breaking news?Copyright 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.FacebookTwitterCopy LinkEmail