AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant Officials who attended Wednesday’s groundbreaking said they expect traffic to worsen during the yearlong construction. Plans call for loop on-ramps in all directions, so motorists will be able to turn right to enter the freeway rather than waiting at traffic lights to turn left, as they do now. “We’re glad to finally be able to break ground on a project that will improve the quality of life for Agoura Hills residents and people in all the surrounding areas,” Councilman Dan Kuperberg said. About 30 percent of the project will be funded by Agoura Hills, which was incorporated in 1982 and has been contributing money toward the project for about 10 years. The balance will be paid for by federal grants and the Metropolitan Transportation Authority. Eric Leach, (805) 583-7602 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SIMI VALLEY – Officials broke ground Wednesday on a $22.3 million improvement project on the traffic-choked Kanan Road interchange with the Ventura Freeway in Agoura Hills. The planned improvements represent the biggest project the city of Agoura Hills has ever undertaken, Mayor Denis Weber said. “Over a half-million people a year use that interchange just to get to the beaches and the Santa Monica Mountains National Recreation Area,” he said. “When this project is done, you will see the traffic flow improve dramatically.” Traffic routinely backs up around the interchange during the morning and evening rush hours and during the summer, when thousands of people take Kanan Road to Malibu beaches.
The youth must take ownership of the NDP.(Image: Shamin Chibba) Leo Makgamathe said the youth must not simply fold their arms regarding the future. Dr Laurine Platzky says the NDP is a long-term plan for a stronger, more competitive South Africa.(Images: Brand South Africa)MEDIA CONTACTS • Leo Makgamatheprogramme manager for civil society, Brand South Africa+27 11 483 0122.RELATED ARTICLES• Implement NDP in everything you do• To SA youth: ‘make NDP yours’• Investing in African youth• Young people: own your destiny!Siobhan CassidyThe blueprint for the future depends on its youth: this message came through loud and clear when Brand South Africa sat down with about 150 teens in Cape Town.Leo Makgamathe, the agency’s programme manager for civil society, said that if young South Africans, who “will be knocking on the door of executive positions in 17 years’ time”, sat “folding their arms” instead of taking ownership now, the National Development Plan (NDP) risked not being implemented by its target date of 2030, if at all.He was speaking to recipients of The President’s Award for Youth Empowerment at a Play Your Part–NDP outreach meeting at Herschel Girls’ School on Saturday, 7 September.The President’s Award, which celebrates 30 years of youth development in South Africa this year, is a voluntary programme that seeks to provide a holistic framework for purposeful self-development of young people between the ages of 14 and 24. There are more than 15 000 youth taking part in the award, drawn from schools, community youth groups, residential youth facilities and correctional centres.“Most of the participants are between the ages of 16 and 18, which means many of them will be in their early 30s when the NDP is implemented in 2030 – they will be in the prime of their careers then. That’s exactly why they need to start owning this plan,” Makgamathe said. Giving the opening address, he congratulated the participants for their excellent work and encouraged them to continue on this path of active citizenry.Long-term blueprintDr Laurine Platzky, the deputy director-general of governance and integration in the office of the Western Cape premier, added her voice to the call to action in her keynote address. She outlined the NDP, explaining that it was the long-term blueprint for a stronger, more competitive South Africa. The plan belonged to individual South Africans, and depended on action from them.The President’s Award participants shared inspiring personal accounts of best practice models of community service. They outlined various initiatives they had created or for which they had volunteered under the award’s community service component. Projects described included painting a dilapidated school, taking care of youngsters whose parents had failed to collect them after they had completed treatment at a tuberculosis hospital, and cooking and serving porridge to underprivileged children before school.Janine Hanson, the operations director of The President’s Award, referred to these as the small acts of kindness that made up a caring society. She set the stage alight, energetically congratulating participants for working towards making South Africa known as a country where people cared about each other.The Cape Town event followed a similar dialogue and action workshop in the Eastern Cape a week earlier. A third workshop, in Gauteng a week later, is the final in the series. The meetings are aimed at highlighting the objectives of the NDP and the role young people can play.Makgamathe said many young people were already involved in community initiatives, but they seldom realised that the work they were doing was contributing towards a broader realisation of the NDP. The workshops sought to reaffirm the work they were doing as well as to elevate it on a national scale. “Take what they are doing in Western Cape, add what they are doing in East London and in Gauteng … we have a nice tapestry of community initiatives which are led by young people.”He hoped that by showcasing such young leaders other young people would be inspired to start playing their part today, not 20 years down the line. For its part, Brand SA promotes active citizenship through its Play Your Part campaign.The President’s AwardThe President’s Award is a voluntary challenge open to youth aged 14 to 25. It is about challenging oneself and being true to oneself. It encourages:• Personal discovery and growth;• Self-reliance;• Independent responsibility;• Perseverance;• Responsibility; and,• Service to the community.It is an international award, recognised globally that helps participants to develop many life skills, team skills, friendships and a connection to a broader society. There are three award levels – bronze, silver and gold – and four sections:• Service – to learn how to give a useful service to others;• Physical activity – to encourage participation in physical recreation and improvement of performance;• Skills – to encourage the development of personal interests and practical skills; and,• Adventurous Journey – to encourage a spirit of adventure and discovery while undertaking a journey in a group.
Virat Kohli’s absence from the Asia Cup 2018 was met with mixed opinions from cricket pundits and fans but on Wednesday, the Indian captain himself cleared the air on the issue saying that he “definitely needed the break”.Kohli was rested for the Asia Cup which India won for the seventh time under Rohit Sharma’s captaincy after going unbeaten in the tournament.Kohli joined the team ahead of the two-match Test series against the West Indies which starts from Thursday in Rajkot. On the eve of the first game, the 29-year-old spoke at length about his absence and actually prompted him to take this short break.Virat Kohli looks at the future as India gear up for West Indies”I feel rejuvenated. It was both mental and physical because of the intensity at which the two tours in South Africa and England went,” the world’s top-ranked Test batsman said.”People usually talk about workloads but they don’t usually understand the concept. They refer to workload as number of games played. There is no workload if you make zero in every game. If I bat for six hours that is workload.India vs West Indies: Prithvi Shaw to debut in 1st Test as India announce 12-man team”I definitely needed the break as my back went once in South Africa and again in England. These things are very important to consider… to give players ample rest and opportunity to train well and come back stronger. You don’t want guys breaking down in very important series,” Kohli added.advertisementCaptain @imVkohli looking on point on the eve of the 1st Test against West Indies #TeamIndia #INDvWI pic.twitter.com/JR65lonaacBCCI (@BCCI) October 3, 2018Virat Kohli, Prithvi Shaw share a light moment as India get down to practice in RajkotIndia on Wednesday also announced a 12-man squad for the first Test against the Caribbean side with Prithvi Shaw’s name being the new addition.Selection is not my job: Virat Kohli on Karun Nair omissionShaw will make his Test debut at Rajkot as India’s 293rd Test cricketer. Shaw has played only 14 first-class games, scoring 1,418 runs at an average of 56.71, and will open alongside Lokesh Rahul, who was the third opener in England and survived the axe after posting a breezy 149 in the final test at the Oval.Also read – Virat Kohli tells Prithvi Shaw the secret behind his success in EnglandAll set! #TeamIndia gear up for their practice session on the eve of the 1st Test against West Indies #INDvWI pic.twitter.com/penzpeSDHdBCCI (@BCCI) October 3, 2018″We have a change at the top of the order and we will give these guys enough space and enough chances to feel comfortable at that position,” Kohli told reporters. “We want them to be confident about what they are doing.”Apart from the top of the order getting cemented, I don’t think that with these two test matches there’s a lot that we are looking at. The rest of the things feel quite settled.”At the top of the order these guys are new, so they will take a bit of time to get into it. They definitely have the skill-set, they are supremely talented and what we have seen of them is very, very exciting,” Kohli said on Shaw’s inclusion.
NEW ORLEANS, LA – JANUARY 01: An Ohio State Buckeye helmet is seen on the sidelines prior to the start of the game during the All State Sugar Bowl at the Mercedes-Benz Superdome on January 1, 2015 in New Orleans, Louisiana. (Photo by Streeter Lecka/Getty Images)When it comes to college housing, Ohio State football players have it pretty good. Buckeye linebackers Joe Burger and Craig Fada showed off their apartment on the first episode of “OSU Cribs,” and we must say, they have a pretty nice pad. There is plenty of Ohio State-themed memorabilia around, as you’d expect, but they also show off the strobe light and fog machine set up. And of course, like any good episode of Cribs, we get a look at the players’ cars.Playing football at Ohio State looks like a decent time. Not that we didn’t already know it.
TORONTO – Shares of retailer Roots Corp. had a less-than-stellar initial public offering, plummeting more than 16 per cent on the stock’s first day of trading.The stock (TSX:ROOT) was priced at $12 per share at market open, but quickly fell to a low of $9.48 by early afternoon.The shares were down 16.67 per cent, at $10.00 on the Toronto Stock Exchange at the close of markets Wednesday.For the heritage-fashion retailer, the switch from being a private company for more than four decades comes against a challenging retail environment that’s seen numerous bankruptcies, mass store closures and layoffs in recent years.“We are in the early stages of leveraging our strategic operational investments to support our continued growth in Canada, the United States and internationally,” said Roots CEO Jim Gabel in a released statement.“Our TSX listing provides an additional platform to help us unlock the potential of the Roots brand.”The debut of Roots as a publicly-traded company follows recent initial public offerings by other Canadian fashion companies, including Aritzia Inc. (TSX:ATZ) and Canada Goose Holdings Inc. (TSX:GOOS).Shares in Canada Goose have soared since they began trading earlier this year, however Aritzia shares have struggled and fallen well below their IPO price.Roots is in the midst of planning a massive North American and international expansion over the next several years.The company, known for its poor-boy style hats and woolly winter mitts that have adorned both Canada’s Olympic athletes and consumers, currently operates 120 stores in North America and has a partner running another 136 between Taiwan and China.Roots is looking to open dozens of new locations. That includes up to 10 in Canada and up to 14 in the U.S. by the end of its 2019 financial year.It’s also eyeing international markets, hoping to add up to 25 new locations in Taiwan and China, and build a presence in Singapore and Malaysia in the same time frame.Beyond that, the company is evaluating partnerships in a dozen new markets abroad.Follow @DaveHTO on Twitter.
SAN FRANCISCO — Apple warns that disappointing iPhone sales will cause a significant drop in its revenue over the crucial holiday season compared to earlier projections.CEO Tim Cook made the announcement after the market closed Wednesday. It embodies some of the worst fears of investors, who have been dumping Apple shares amid signs that the latest iPhone models weren’t living up to expectations.Cook cited China as Apple’s biggest weak spot, but also said that consumers weren’t upgrading to the latest iPhones models as eagerly as anticipated.As a result, Apple now expects revenue of $84 billion for the fiscal quarter running from October through December. Management had previously predicted revenue ranging from $89 billion to $93 billion.The Associated Press
HAWTHORNE, Calif. — SpaceX says it will build its Mars spaceship in south Texas instead of the Port of Los Angeles, dealing another blow to the local economy only days after the company announced massive layoffs.The Southern California-based company announced Wednesday that test versions of its Starship and Super Heavy rocket will be assembled at its Texas launch facility in a move to streamline operations.Development of the spaceship will continue at the SpaceX headquarters in Hawthorne.SpaceX won permission last year to build a giant new facility on leased land at the port, which could potentially have added hundreds of jobs to the region.Last week, SpaceX announced that it will lay off about 10 per cent of its roughly 6,000 workers, mostly from its Hawthorne headquarters.The Associated Press
CALGARY, A.B. – Alberta Premier Rachel Notley says the federal government has promised a revised timeline within weeks to resume construction on the stalled Trans Mountain pipeline expansion project.Notley says she is satisfied Prime Minister Justin Trudeau is committed to getting the project back online in good time, and her government is willing to work with him to make it happen.But she says she expects Ottawa to move quickly given the investor uncertainty that has rippled out in all directions from last week’s Federal Court of Appeal decision on the project. The Appeal Court quashed the expansion on the grounds that the federal government failed to properly consult Indigenous groups and the National Energy Board did not take into account the impact of increased tanker traffic on marine life, particularly endangered whales.Notley says full consultation with Indigenous groups must be carried out but says it’s critical to the construction timeline that the government fix the marine impact assessment without restarting a lengthy hearing process.The Trans Mountain expansion project would triple the capacity of the existing line, which takes oil products from Edmonton to Burnaby, B.C.Alberta says the project is critical and it is losing billions of dollars a year because the oil currently shipped to B.C. is sold at a discount to a captive market in the United States.Notley and Trudeau met Wednesday in Edmonton to discuss the expansion project.Ottawa has already done a lot of work beefing up marine safety on the B.C. coast and it’s Alberta’s hope that this work can be included in the missing impact assessment, Notley said Thursday. In the meantime, Notley has pulled her government out of the federal climate plan, which includes a price on carbon, saying Alberta will return when it is satisfied the Trans Mountain project is back on track.
UPDATE – The highway is now open in both directions.CHETWYND, B.C. – Highway 29 is closed from Chetwynd and the Moberly Lake Road.A collision has caused the closure and an estimated time of opening is not available as of 10:20 p.m. Friday. The only detour is through Dawson Creek and Fort St. John.Drivebc.ca says the next update on the collision will be released at 12 p.m. on Saturday, December 1.If you’re in the area, let us know what you see, email [email protected]
Indian billionaires are far outpacing the country’s industrial and economic growth numbers. Notably, the number of individuals in the Barclays Hurun India Rich List, 2018, having a minimum wealth of Rs 1,000 crore, grew by 100 per cent since 2016 to a record level of 831. India’s private wealth creation rate is, ironically, now all-time high despite rupee depreciation, rising crude oil prices and fall in industrial investment. The number of unicorns — any tech startup company that reaches a $1-billion dollar market value as determined by private or public investment — have crossed 20 for the first time. Interestingly, the pharmaceutical sector accounted for most of the wealthy entrepreneurs in the country’s fast-growing list of rich individuals, followed by the software and services sectors. The average wealth of these super-rich Indians in the Barclays list is around Rs 5,900 crore. Also Read – A special kind of bondAmong the Indian states, Gujarat has set the most impressive trend of generating wealthy entrepreneurs. Traditionally, Maharashtra tops the list, headed by Mumbai-based Mukesh Ambani. But, now Gujarat is fast catching up. As of last year, there were 58 billionaires In Gujarat. Gautam Adani tops the Gujarat billionaires’ list, followed by Cadila Healthcare’s Pankaj Patel. While Adani’s wealth is estimated at Rs 71,200 crore, Pankaj Patel has Rs 32,100 crore. IIT-Kanpur graduate Bhadresh Shah’ s wealth is over Rs 9,700 crore. With a capital of only Rs 100,000, the metallurgical engineer set up a small foundry that made pressure dye castings and succeeded in losing all his money in the first year. Bhadresh Shah of AIA Engineering is now one of the country’s richest entrepreneurs. Ahmedabad is home to 84 per cent of Gujarat’s 58 billionaires. Karsanbhai Patel is the fourth richest in the state with a wealth of Rs 9,600 crore. Two brothers of Torrent Pharmaceuticals — Samir and Sudhir Mehta — are next, each having Rs 8,300 crore. Of the total Gujarat billionaires, 49 are based in Ahmedabad, five in Rajkot, three in Surat and one in Vadodara. Also Read – Insider threat managementUnfortunately, the massive expansion of Indian billionaires in the last four or five years has not added much to the country’s overall wealth and employment. While the GDP, aided largely by imports, has grown by an average of only around 6.8 per cent, the industrial growth hovered around four per cent. India’s Industrial production rose only 0.1 per cent on a year-on-year basis in February 2019, following an increase of 1.4 per cent YoY in the previous month. India’s Industrial production index growth data reached an all-time high of 20.0 per cent in Nov 2006 and a record low of -7.2 per cent in Feb 2009. The Index covers mining, manufacturing and electricity sectors. The 150 per cent plus billionaires’ growth in the last four years had a little positive impact on India’s key economic indicators. It did not lead to noticeable fresh industrial investments, higher production, profitability, larger employment, better banking performance and lower international trade gap. Sadly, the country’s economic and industrial growth in the last five years has almost been jobless. The unemployment rate is rising in stark contrast to the growth of India’s wealthiest. According to data compiled by the Centre for Monitoring Indian Economy, the unemployment rate rose to 7.2 per cent in February 2019, the worst in 28 months. The labour force is down 25.7 million since September 2016 and the number of employed persons has declined by 18.3 million in the same period. While the unemployment rate has shot up from 5.9 per cent in February 2018 to 7.1 per cent in January 2019, the labour participation rate — the proportion of the working age population, comprising those over 15 years of age, that is either employed or unemployed but actively looking for a job — has been ironically falling. Also, in contrast, bankruptcies are growing. And, so are the non-performing assets of India’s public sector-led banking system. The likes of individually rich Nirav Modi, Mehul Choksi, Vijay Mallya, Anil Ambani and, now, Naresh Goyal have been contributing to the bank NPAs. As of March 31, 2018, provisional estimates suggest that the total volume of gross NPAs in the economy was Rs 10.35 lakh crore. About 85 per cent of these NPAs is from public sector banks. For instance, NPAs in the State Bank of India alone are worth Rs 2.23 lakh crore. In the last few years, gross NPAs of banks (as a percentage of total loans) has increased from 2.3 per cent of total loans in 2008 to 9.3 per cent in 2017. This indicates that an increasing proportion of a bank’s assets have ceased to generate income for the bank, lowering the bank’s profitability and its ability to grant further credit. Escalating NPAs require a bank to make higher provisions for losses in their books. The country would have strongly stood by its fast-growing billionaires’ brigade and rejoiced their achievement if their ever-growing private wealth also helped the creation of national wealth, bolstered the banking sector and created large employment and income. Indian billionaires would have probably felt more ‘at home’ in their home country than spending a fortune to ‘buy’ residential status in other countries such as the UAE, the USA, the UK, Cyprus, Thailand, Malaysia and Australia. The quantum of money sent through the liberalised remittance scheme alone to buy property abroad increased 59 times from $1.9 million in 2005-06 to $111.9 million in 2016-17. Many of them have become rich NRIs, living mostly on large business income from India, and receive red carpet welcome in the country on the NRI Day, observed once in two years on January 9 to mark their contribution to India’s development. Ironically, the day is marked in the memory of Mahatma Gandhi, once an NRI in South Africa, who returned to India on January 9, 1915, to lead the country’s freedom movement and never to return. (The views expressed are strictly personal)