Path not easy for Gilas crew

first_imgThree nights later, the Filipinos will host the Taiwanese traveling to Manila for the game at Smart Araneta Coliseum in Cubao with Chinese Taipei likely to be reinforced by Quincy Davis III.Davis III had earlier been ruled out because of an injury, but a report on Tuesday said that the 6-foot-10 naturalized center had recovered well enough and was again part of the Taiwanese’s 24-man pool.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogTeam Philippines will be spearheaded by Andray Blatche and reigning four-time PBA MVP June Mar Fajardo and will go into both games slight favorites before clashing with Australia in February. OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson PSC Children’s Games draw praise from Unesco official Coco’s house rules on ‘Probinsyano’ set Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Jo Koy: My brain always wants to think funny Redemption is sweet for Ginebra, Scottie Thompson View comments June Mar Fajardo. Photo from Fiba.comGilas Pilipinas’ first two games in the Fiba Asia World Cup Qualifiers will be a tall order, with the Filipinos facing Japan first in front of what could be hostile territory before playing a full-force Chinese Taipei.The 4,000-seat Kamazawa gymnasium in Tokyo has been sold out, guaranteeing that the Filipinos won’t have the hometown support they usually get when Gilas and Team Nippon slug it out on Nov. 24.ADVERTISEMENT Jake says relationship with Shaina ‘goes beyond physical attraction’center_img Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. It’s too early to present Duterte’s ‘legacy’ – Lacson LATEST STORIES Jake says relationship with Shaina ‘goes beyond physical attraction’ Sports Related Videospowered by AdSparcRead Next Kiss-and-tell matinee idol’s conquests: True stories or tall tales? MOST READlast_img read more

Man before court for beating wife with pipe

first_imgAs domestic violence continues to be of major concern in Guyana, another husband has been charged for beating his wife with a piece of pipe.Clarence Barcaoy, of Lamaha Street, Newton, Georgetown, appeared before city Magistrate Judy Latchman at the Georgetown Magistrates’ Courts.The 30-year-old denied that on June 7, he dealt his wife several lashes with a pipe.The prosecution is contending that on the day in question at Lamaha Street, Newton, he unlawfully and maliciously wounded Neeto Latchman.According to the prosecution’s case, the couple share two children and on the day of the incident, there was a misunderstanding which led to Barcaoy beating his wife about her body.The Court also heard that Barcaoy was in the habit of abusing his wife when angry.Bail was objected to by Police Prosecutor Arvin Moore, who posited that the Virtual Complainant (VC) might not be as lucky on the next occasion to escape with her life.However, Barcaoy was granted $107,000 bail. He is scheduled to reappear in court on June 15, 2018.last_img read more

Loew running out of time to rebuild Germany before Euro 2020 finals

first_imgAs magazine Kicker pointed out, the victory highlighted the “many obvious sites” under reconstruction.By Loew’s pre-match admission, “many players still need a few more years to develop”, yet the Euro finals start in seven months.The Germans and Dutch have now qualified from Group C but Tuesday’s final game against Northern Ireland in Frankfurt is far from meaningless for Loew.A victory will put Germany, who won the last of their three European titles in 1996, in the pot of eight group winners when the draw for the finals is made in Bucharest on 30 November.“Now we have a chance to win this group, it’s our goal to win on Tuesday and end up top,” said Loew.“I think I’ll make one or two changes, one or two players who didn’t play (against Belarus) will get a chance.”– Work to be done –A deft back-heeled flick into the Belarus net by centre-back Matthias Ginter, a Leon Goretzka strike into the bottom corner and two goals by Toni Kroos sealed Saturday’s win.Real Madrid midfielder Toni Kroos was outstanding in Germany’s 4-0 win over Belarus on Saturday © AFP / INA FASSBENDERHowever, captain and goalkeeper Manuel Neuer twice came to the rescue, parrying a Igor Stasevich shot, then producing a fine save to deny the Belarus striker’s late penalty attempt.“That was one of four games until the squad for the European Championships is announced, so it was important that we showed the character that we need, and want to see, at next year’s tournament,” was Loew’s verdict.Loew knows there’s still a lot to work to be done if Germany is to challenge for the European title at the finals from June 12 to July 12.“In some phases we allowed one or two chances too many,” he admitted.After one of his best displays for Germany, Kroos echoed Loew’s comments that “at the moment I don’t include us among the favourites for the European title”.The Germans’ finishing often let them down at Borussia Park.Top teams, such as Belgium, world champions France, England, Spain or the Netherlands, all currently ranked above them, would have not allowed Germany 31 shots on goal.At the back, Ginter was outstanding, but fellow defenders Nico Schulz and Robin Koch looked unsure on occasion against a side ranked 86 places below the Germans.Koch clumsily gave away the second-half penalty on Pavel Nekhaychik before Neuer spared blushes by saving Stasevich’s spot kick.After Tuesday’s home game, the Germans have just two matches in March — against as yet unconfirmed opponents — before Loew must name his squad for the Euro 2020 finals, which start in Rome on June 12.“This is very little time in this all too sluggish rejuvenation process,” moaned Kicker.The debacle at last year’s World Cup, when Germany finished last in their group, badly tarnished Loew’s golden reputation in Germany, which peaked in winning the 2014 World Cup.– Food for thought –Many fans remain disgruntled by last summer’s woeful performances in Russia, reflected in disappointing ticket sales in both Moenchengladbach and Frankfurt, where Germany face Northern Ireland on Tuesday.More than 10,000 seats remained vacant on Saturday, “a sight that must give the German FA’ stop officials food for thought,” pointed out Kicker.Loew is already hamstrung in his efforts to play his first-choice team by injuries to key players.Burly Bayern Munich defender Niklas Suele and fleet-footed Manchester City winger Leroy Sane are not expected to return from knee injuries until well into 2020.Germany’s goalkeeper Manuel Neuer fist bumps Toni Kroos after saving a penalty against Belarus on Saturday © AFP / INA FASSBENDER“The constant personnel problems make it extremely difficult to find a team and form a hierarchy,” added Kicker.“Other nations, such as the French, English and Dutch, are far ahead of Loew and his staff in this respect.”0Shares0000(Visited 13 times, 1 visits today) 0Shares0000Germany’s coach Joachim Loew has just three games left to decide on his squad for the Euro 2020 finals © AFP / INA FASSBENDERBERLIN, Germany, Nov 17 – Germany has secured qualification for Euro 2020, but coach Joachim Loew is running out of time to mould his fledgling team into title contenders before next June’s finals.Despite dominating possession in Moenchengladbach on Saturday, Loew’s young team struggled against minnows Belarus before two Toni Kroos goals sealed a 4-0 win which confirmed their Euro 2020 qualification.last_img read more

Magnitude-7.7 quake spreads panic in Chile

first_img“I was very frightened. It was very strong,” she said. “I’ve never felt one that strong.” Schools, hospitals and other buildings were evacuated in several cities. Television showed some patients holding their IV bags as they were wheeled from the hospital in Copiapo, 500 miles north of Santiago. The U.S. Pacific Tsunami Warning Center issued, then canceled, a tsunami warning for Chile and Peru. It said the quake generated only a two-foot wave. Scientists in Chile and the United States were trying to determine why such an intense quake apparently did not cause more damage. “The ground in the region is very good, very firm, so the movement’s effect on buildings is limited,” said Sergio Barrientos, a seismologist at the University of Chile.”It comes down to the level of shaking in certain places,” added Paul Earle at the USGS. “It’s not immensely populated in the areas most affected.” The quake occurred in one of the most seismically active regions in the world, where the Nazca tectonic plate is shoving itself beneath the South American plate. A 1939 quake in Chile killed 28,000 people and in 1960, a magnitude-9.5 quake – the strongest recorded in the 20th century – killed 5,700 people. On June 13, 2005, a magnitude-7.8 quake near Tarapaca in northern Chile killed 11 people and left thousands homeless.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! About 10 road workers were trapped near Tocopilla when a section of a tunnel they were repairing collapsed, but all were in good condition and rescuers were working to free them, according to the government’s emergency bureau. In the port city of Antofagasta, 105 miles south of the epicenter, police Capt. Javier Carmona said at least 45 people were injured. The mayor of nearby Maria Elena, Eduardo Ahumada, said 20 others were injured there and most of the town’s 1,800 houses were damaged. But reports were incomplete as government ministers boarded flights to the area and President Michelle Bachelet’s spokesman said she would fly to northern Chile today. “It was horribly strong. It was very long and there was a lot of underground noise,” said Andrea Riveros, spokeswoman for the Park Hotel in nearby Calama, site of the Chuquicamata copper mine. The mine’s owner, Codelco, said power was cut for two hours, but there was no damage or injuries. At the Agua del Desierto Hotel, administrator Paola Barria said she felt like she was riding on “a floating island.” She reported downed power lines, cracked windows and fallen pieces of houses near the hotel. CALAMA, Chile – A major earthquake crushed cars, damaged thousands of houses and terrified people for hundreds of miles Wednesday. Authorities reported at least two deaths and more than 100 injuries. The quake, which struck at 12:40 p.m., shook the Chilean capital 780 miles to the south of the epicenter, and was felt as far away as the other side of the continent – in Sao Paulo, Brazil, 1,400 miles to the east. The U.S. Geological Survey calculated the magnitude at 7.7. It was followed by several aftershocks, including three larger than magnitude 5. The University of Chile’s Seismological Institute put the epicenter near Quillagua, a tiny desert village in the foothills of the Andes. No reports from Quillagua were available Wednesday. Two women were killed in the town of Tocopilla, 25 miles from the epicenter, when their houses collapsed, authorities said. Hospital director Juan Urrutia said at least 100 people were treated for injuries or panic. Tocopilla Mayor Luis Moyano said 1,200 houses were badly damaged there. last_img read more

Century Cinemas Presentations highlight dedication shown by St. Eunan’s underage academy

first_imgYesterday evening St. Eunans Clubhouse was host to the Century Cinemas Sunday Morning Academy Presentation, which was an evening to present and appreciate the dedicated and athletic young people of St. Eunan’s Underage Football Academy.Mr Mark Doherty, Century Cinemas stated; “It is with great pride that Century Cinemas has sponsored the St. Eunan’s Underage football Academy for the past two years and will continue to do so in 2017.” “We were honored to present awards to these energetic and enthusiastic young people. St Eunan’s GAA continually grow from strength to strength and we are proud to be a sponsor and a part of their journey.”Century Cinemas Presentations highlight dedication shown by St. Eunan’s underage academy was last modified: November 12th, 2016 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Century CinemasFootballGAAletterkennySt Eunansst eunans underage academylast_img read more


first_imgHenry McGinley Sons & LTD has received an extension to its examinership following a hearing at the Donegal Circuit court earlier this afternoon. McGinley Sons & LTD is one of the leading structural and roofing businesses in the North-West.Over the years the business has established a stellar reputation in the structural and roofing industry in Donegal. Judge Keenan Johnston praised the significant work carried out by the Sean Carr, Vision Accountancy, Examiner to the business since the short time of his appointment.It was revealed during the hearing that McGinley Sons & LTD are looking to launch two new innovative product lines.The innovative product lines are in fire grates and fire stoves plates, which the court heard are 100% more cost effective than standard fire-grates and stoves.It was also revealed the highly reputable company secured a number of high profile contracts in the last few days, and that they continue to trade as normal.Two pivotal former employees, who were forced to emigrated recently after having no alternative but to leave their families behind in search for work are returning to the business.The pair are expected to return home to their families before Christmas, and resume their jobs with Henry McGinley & Sons LTD thereafter.Mr Sean Carr of Vision Accountancy, regarded as Ireland’s leading turnaround expert, expressed every confidence in being able to save the jobs and the business to the benefit of all stakeholders to the Circuit Court.DONEGAL BUSINESS HAS EXAMINERSHIP EXTENDED FOLLOWING CIRCUIT COURT HEARING was last modified: October 16th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BusinesscourtsexaminershipHenry McGinleynewslast_img read more

Double call strategy sale

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Brazil’s weather has been good recently, some are expecting a record crop.  If this happens, the U.S. export program may slow when the Brazil bean harvest starts in 45 days which could lead to a ceiling on prices.Several weeks ago I mentioned that Nov ’17 bean prices compared to Dec ’17 corn prices are incentivizing farmers to plant more beans in 2017. I’ve noticed recently that some in the trades are now pointing this out as well.  It will soon be debated if beans are correctly priced, with corn being substantially underpriced. Or, are corn values priced appropriately with beans overvalued?In the meantime, beans are one of the few crops showing profits for 2017. I expect this will drive farmers to increase bean acres next year.Market ActionLast week I discussed the importance of tracking the goals and strategies for every trade farmers do.  Then when the market moves significantly later, I can objectively determine the merits of each trade, which helps me in future trades and marketing strategy. On Friday 11/23 my Dec contracts expired, following are the remaining trade details.Double Call Strategy Sale .History — on 8/22/16 I had collected a 20 cent premium on calls I previously sold that expired with no sale (15% production). I wanted to continue to collect premium in the event of a sideways market so I placed the following trade:Trade Details — on 8/22/16 Dec corn was $3.42.  I did the following:Sold 2- $3.30 Oct Call – expires 4th Fri of Sep for 31 cents total (15.5 cents each x 2)Sold 2- $3.40 Nov Call – expires 4th Fri of Oct for 27 cents (13.5 cents each x 2)Sold 2- $3.40 Dec Call – expires 4th Fri of Nov for 31 cents (15.5 cents each x 2)Note: these 3 calls are based upon Dec futures at the time of expiration% Production: 15% (5% each)Goal — I expect prices to trade sideways through harvest and I want to take advantage of thisPotential Benefit — collect additional 30-cent average premium if the market trades sideways or falls without selling anything.  I can combine this with the 20 cents already collect in Aug for a 50 cent total premium.Potential ConcernsIf the market is above the strike price, I have to sell double my intentions at each strike price, or 10% of my production at $3.30, $3.40 and again at $3.40.Since I’m behind on 2016 sales (usually I’m 90% sold by Aug and this year I’m 70%) I can justify these price points when I include the premiums.ResultThe trades didn’t work as I expected. Ultimately it turned out ok, but it got complicated. Trade Detail Summary for the Double Call StrategyNov CallOn Nov 11, when the market fell back to $3.40 I purchased back the futures I had previously sold in the Nov call.No Sale27 Cent premium to apply to previous tradesOct CallThe $3.30 price is still in place.  I had hoped the market would fall back to $3.30, which would allow me to buy it back, but it never happened.  10% of my production sold15.5 cent premium collected and added to $3.30 saleTotal price against Dec futures – $3.455Dec CallThe $3.40 price is still in place. 10% of my production sold15.5 cent premium collected and added to $3.40 saleRolled Position Because sales above are in the Dec they need to be moved forward to collect market carryOn 11/30/16 I bought the dec futures and sold March futures at 10 cents premiumI chose March because I will have to core my bins in the next few monthsThese sales are now at a total price against March futures – $3.555 & $3.6555 respectivelyFinal thoughts —  I am now 90% sold on my 2016 corn crop. The last two trades are not the greatest, but they are certainly ahead of where the market is today. Still, I think there is room for premium on those last two trades. I placed another trade on the Tuesday before Thanksgiving.Selling Straddles#1 Trade Detail — I sold a $3.60 Feb straddleWhat does this mean?I sold a $3.60 put and a $3.60 call against March futures for 23 cents.This trade expires on Jan 27th and will be based upon where Mar futures are that dayIf Corn is $3.60 — I keep 23 centsFor every penny away from $3.60 the market is, I lose a penny of the total premium collectedEx. $3.70 or $3.50 — I lose 10 cents from the 23 collected so I still collect 13 centsCorn is <$3.37 — I have to repurchase corn at $3.37 with no premium collectedCorn is $3.83+ — I have to sell more corn at $3.83 with no premium collectedGoal — I think corn will be within 10 cents of $3.60 but as long as it’s between $3.37 and $3.83 in late Jan ‘17 I get to take some profit.Potential Benefit — Collect premium without selling anything that can be added to previous salesPotential Concern I’m fine with having to buy corn at $3.37, because in the double call trades above I had to sell $3.40 anyway but really never intended to. I would still get the profit already collected in the trade above of 22 cents. However, it could mean I would be 80% sold vs 90%.Selling corn at $3.83 in Mar currently seems like a great sale.  If this happens, I would roll it to Dec ’17 and collect the 25 cent market carry. That would mean starting 2017 sales at $4.05, which looks good with what we know today.Bottom Line — this is a sideways trade play. Worse case, I sell some corn for $4.05 for 2017 and I would still have the disappointing 3.30 +.155 +10 = 3.555 against the Mar sold.  Which is above where the market is today.#2 Trade Detail — Same trade as above except:Strike price $3.70 for 30 cents and expiration is 2/24 but still against March futuresRepurchase price — $3.40 and additional sale of grain — $4Potential for 25 cent market carry if additional sale is triggered = $4.25 for 2017Between $3.40-$4 — I add to my $3.655 sale aboveGoal — I’m looking for corn to be within 10 cents of $3.70 in late Feb and I will make another 20 cent premium to be added to a previous trade.This is another sideways trade strategyUltimate StrategyThese trades are extremely confusing and unless you have this position on, you may be lost at this point.  That’s ok.  Even if you don’t fully understand the trades, hopefully you can still understand the strategy of why I’m doing what I’m doing.The point is to show that I am always working to get my 2016 crop sold. I don’t just sit back and wait for the price I want to sell at, because I’m not sure when or if it will come. There is no guarantee. So, I keep working to better my positions increasing my premiums and profits every little bit.And the thing is, even if the price I want eventually comes, I still have the 2017 crop to think about. I always have more crop to sell in the future. That’s why I don’t want to miss out on guarantees like market carry which is currently 25 cents from Dec to July for holding my grain in storage. I need every penny to keep my farm operation profitable. Following is a chart that shows my current 2016 position in the bin. POSITION – CORN2016Corn Sold with Futures90%CBOT Price Average$3.94Market Carry$0.20Basis on Farm($.35) estOptions & spread profits$0.22Cash Price picked up at Farm$4.01 est With the current bids for CASH corn picked up at my farm of $2.97 (as of Friday night’s closing markets) I will have no trouble sleeping at night.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at read more

Streaming or Buying Books: Will Readers Choose a Subscription Model for E-Books?

first_imgTags:#E-Books#web Related Posts audrey watters When Amazon launched its new Cloud Drive a few weeks ago, it prompted a debate in the ReadWriteWeb editorial room about whether or not the future of music involved downloads and ownership – as supported by Amazon’s cloud stage – or streaming and subscription – as provided by any number of music startups, like Rdio and Spotify. The ReadWriteWeb writers kept our discussion focused on music, but the debate could easily extend to any number of digital media now in Amazon’s catalogue: movies, magazines, books.We’re familiar with these streaming and subscription services when it comes to music and movies (Netflix, Hulu for example). But books? Will we (can we) rent books?Lit Subscriptions and Banner-Ad Books?A Spanish startup called 24symbols is launching this summer with the promise to do just that: provide a subscription service and become the “Spotify for e-books.” (Much like Spotify, 24symbols won’t be available at launch in the U.S.)24symbols will offer an ad-supported and a subscription-based access to e-books, the latter running about 10€ per month. The books are all DRM-free, but 24symbols is entirely cloud-based. In other words, books are streamed, not downloaded for reading.While we can probably wrap our reads around a Netflix or Spotify for e-books, that bit about ads in our literature might be anethema to many. I mean, how dare they! I poked around on the 24symbols website, but I don’t see examples of how those ads will appear. Flashing banners in the margins just won’t do, and it will be interesting to see how 24symbols – now in beta – will actually look. Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… What’s on the 24symbols Bookshelf?As Booksprung notes in its review of the new service, one of the most interesting things about 24symbols isn’t simply that it’s offering books by subscription. It’s how it’s splitting the revenue. On some levels, it’s actually adopting the funding model that fuels much of the Internet: pageviews: “The company says it will create a standard page measurement as a specific number of words, and apply that to all texts equally when splitting up ad and subscription revenue.”As the reading is all done online, 24symbols will have some fascinating data about readership — like, at what point in a novel do people just chuck it aside. It’s not clear that all of that information will be shared with authors and publishers, but data about page views will serve in part to determine revenue share. Will this ad-supported, pageview oriented model help keep content farms out of e-books? After all, it would be difficult to make much money with your spammy, scammy e-books if people don’t get past the opening paragraph.The content farms may steer clear of 24symbols, then, but will book publishers join? That may be the thing to watch, for as GigaOm’s Michael Wolf suggests, publishers may be better served by a Hulu for e-books, where they set the terms of the publications.Book Buyer or Book Subscriber? What About Loans? (What About Libraries?)E-book subscriptions may sound like a new and exciting model for readers, authors, and the publishing industry. But there’s already an “all-you-can-eat” model for books: libraries. That library card gets you access to all the books you want, for free.Libraries are already finding themselves at odds with some publishers when it comes to e-books – not notably HarperCollins with its 26 checkout limit. If a new model for the publishing industry becomes a subscription-based one, how will library loans fit in? It will be interesting to watch the launch of 24symbols this summer and to see which publishers and authors play along and how many customers are interested. As my ReadWriteWeb colleagues and I debated with the launch of the Amazon Cloud Drive – we may be moving away from the idea of “owning” our digital content. Will e-books be the next content that we subscribe to and stream? A Web Developer’s New Best Friend is the AI Wai… 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Indians Look to Buy Bitcoin Overseas as Regulations Tighten

first_imgThe Indian government has recently intensified its efforts to strengthen the country’s regulations on cryptocurrencies, promising that a regulatory framework for them will be announced soon. Earlier this month, the Indian tax authority issued notices to 100,000 crypto traders asking them to pay taxes.Read it at News Related Itemslast_img


first_imgSons will be sons. Had Dharamdev Pishorimal Anand heeded his father’s advice and joined the local bank about 60 years ago, he’d be pottering around today in a middle-class retiree’s apartment in his hometown of Gurdaspur in Punjab. Instead, the glamour-struck teenager took the train to Bombay with 30 rupees in his pocket. After a period of struggle and penury, he became a Hindi film hero and Indian banking’s loss became Bollywood’s most durable legend – As actor and later as film-maker as well, Dev Anand has worked in more dev1than 100 movies. He wooed dozens of heroines on-screen and captivated millions of fans off it with his urbane charm. With Dilip Kumar and Raj Kapoor, he formed a dominant troika in the golden years of popular Indian Cinema. But unlike Kumar’s intense brooder and Kapoor’s bumbling simpleton, Anand’s city-smart hero was also a loveable rake who brought a touch of mischievous buffoonery to Bollywood’s seduction routine, and his own trademark mannerisms: loose-limbed gait, tilted head, and a rapid-fire dialogue delivery. A journalist once described him as “evergreen.” It was to prove prophetic. At an age – he turned 80 on Sept 26 – when his contemporaries are either dead or nursing creaky joints, a sprightly Dev Anand is planning two films to be made in the United States, besides writing his memoirs. “And I’ve only reached 1954,” he shrugs, implying its wealth of detail. The veteran, awarded the Padma Bhushan in 2001, can shame younger directors with the volume of his output – and younger men with his agility.Having defied age, he’s also known to subvert gravity. Keeping up with a buoyant boss gives his staff a daily aerobic workout. And during our interview – in his penthouse office littered with magazines, scripts, posters and snapshots of aspiring starlets – an animated Dev Anand was apt to spring up to emphasize a point as he unspooled his life and times. Outside, Mumbai was depressingly grey and wet. But it was clear it would take much more than a mere monsoon to dampen the man’s spirit.At 80, what gets you out of bed every morning?The sheer excitement of my work. Age has nothing to do with it. I’m working on my autobiography, and on Song Of Life and Between Two Worlds to be shot in the United States. In the first film, I play a famous Indian musician who discovers he has a gifted daughter from an affair with an American girlfriend.Is it about Ravi Shankar and Norah Jones? Stories are written when something triggers off. I was to return after the New York premiere of my film Love At Times Square, when a local Indian journalist mentioned the Grammy ceremony scheduled that evening. I saw Norah Jones on television winning five awards – and in a flash I decided to stay put at the hotel for a month, and wrote the entire script. But if I publicly say it’s about someone, I’m obliged to satisfy him or her about the story’s authenticity. A film’s characters should be larger than life – or else there’s no drama and you can’t write a good climax. So let’s say it’s not about particular individuals, but about the relationships in the lives of famous men.And the other filmIn Between Two Worlds, an NRI billionaire dreams of building an Indian pavilion at Disney’s Epcot Center in Florida. He’s caught between two wives – an Indian and an American – and therefore two cultures. His son from the latter wife is the first American soldier to enter the Iraq warfront. I want to recreate those scenes with help from the U.S. army.Both are English-language projects with an Indian temperament and an American feel. Who knows, an Indian film-maker making a movie in America might just strike a chord with American audiences! The best Hollywood directors have been imports from abroad – Capra, Hitchcock, Wilder, Chaplin.Your films as director deal with contemporary themes.I see cinema in incidents. My directorial debut Prem Pujari was based on the 1965 Indo-Pak conflict. During King Birendra’s wedding in 1970, I visited Kathmandu’s hippie hangout – The Bakery – and saw this brown-skinned girl swaying in the lap of a dirty, bearded, bespectacled white foreigner. What’s a nice Indian girl doing in a place like this? I wondered. She inspired the story as well as Zeenat Aman’s character in Hare Rama Hare Krishna. I picked up the idea for Des Pardes – on illegal Indian immigrants in U.K. – during a trip there.Why haven’t your recent films done well?I’m convinced they’re ahead of their time. Unfortunately, people in India – especially in smaller towns – don’t accept tomorrow’s ideas because they’re living in the yesterday. But the growth of information technology is bringing the world together, and they’re growing.How do you continue getting money to make films?I close my eyes, and God pours money on me.God in the form of NRIs?Not just NRIs. I manage because I’m not extravagant. I own a post-production studio. I don’t pay myself. And I enjoy tremendous goodwill – not just in India. I was very close to Nepal’s royalty: they rolled out the red carpet for the shooting of Hare Rama Hare Krishna. Many Nepalis want me to make a film on the family’s massacre. But it’s a sensitive subject, so I’d like to take everybody into confidence: the King, the Prime Minister, the Maoists. Why the Prince killed – or why he was provoked to kill – we don’t know for sure. Here again is an intriguing love story. The Prince wanted to marry his girlfriend, his mother didn’t want it. But he must have had other affairs. If I were a prince, I’d have them.You too were a prince of sorts in Bombay’s film industry.In my own way, yes. I’m a private person, not a sanyasi. I had a teenage crush in Lahore, on our history professor’s daughter. It was only from a distance, something we all go through at that age. But when you’re seriously in love, you propose and tell the girl, “I can’t live without you.’That happened with singer-actress Suraiya, right?It did. Suraiya was my first and only real love. I wanted to marry her and she was willing. But her Muslim family objected to my being a Hindu, and created a big row over the communal issue. Remember, she was already a big singing star when we first met, and I was a nobody. Fans mobbed her, her songs were on the air, and her star image added to the attraction.Film lore has it that you still send Suraiya a rose on her birthday.Never. Once I was through with her, I got busy with my production company Navketan, and Mona Singh joined us for Baazi. As Kalpana Kartik, she was my costar in a few films. We became friendly, and then got married. Well, you find yourself alone, in need of emotional security, and suddenly comes this young girl with a college degree like yours and a liberal worldview. You married secretly on the sets during a lunch break?Because I don’t like this tamasha of the groom riding in on a horse with a band-baja. It’s ridiculous. I’m told some of today’s actors dance at weddings for a fee. They’re selling their souls. I’d never do that – it was our generation’s value system. My good friends – Singhanias – approached me once for a corporate ad. I agreed, but didn’t charge a penny. I’m a film star, not a model.Your marriage, from all accounts, isn’t a happy one. Is marriage more difficult for celebrities?I’m in showbiz, mingling with the world’s best, the most glamorous. My wife prefers to stay out of the limelight. My marriage is as good or bad as any other – except that I’m in the public eye, and most other people are not. If a man is an achiever, his marriage cannot really work because he needs to be totally in love with his own work. No matter what field you’re in – entertainment or politics. Do you think the Prime Minister can have the time for his family? He can’t.Is that why Atal Behari Vajpayee has remained a bachelor?[Laughs] I don’t know. That could be for other reasons.You went with him on the bus to Lahore. Tell us about that 1999 trip.The Pakistanis recognized me as I got off the bus – that’s the power of popular cinema. Nawaz Sharif rushed forward and grabbed my hand, saying we’re from the same college. When he told me he’d seen my films, I promptly put his hand into Prime Minister Vajpayee’s, and said “This should be the beginning of the end of our problems.” It was great revisiting Government College Lahore – the same architecture, classrooms, hostels. Only, the buildings now have Muslim names. I was never a good student. But I was fond of reading, and keen on doing my M.A. My father’s legal practice wasn’t doing well, so he asked me to join a bank instead. I hated the thought of a sedentary job, so I came to Bombay to become a film star.Didn’t your mother stop you?She wasn’t around by then. Our society treats its women very badly. My mother was a simple housewife who bore nine children, and died young of TB when there was no cure for it. My siblings were either away in college or too young, so I was the only child close to her. As a young boy I nursed her before she was taken away to a sanatorium. She never came back. Every morning, I brought her goat’s milk which was prescribed by the doctor. I remember her gentleness and loving nature. On her deathbed, she held my hand, looked into my eyes and told my father: ‘This son of mine will become a very important man.’A woman’s intuition? A mother’s intuition. Similarly, I’d gone to Amritsar to fetch her medicine. It was a burning hot afternoon in June, and I stopped outside the Golden Temple for some cold sherbet. As he gave me the glass, the man kept staring at my face, then said in Punjabi: O baau, tu baut vadda banda banega. (Brother, you’ll become a very big man.) I was only 16 then, and he was a complete stranger.You think someone up there has scripted your life story?I often wonder. At times, one works hard without results. At other times, things just happen and one succeeds. I came with no family connections in the movies, not even a letter of recommendation. I stayed initially with my older brother Chetan’s friends – the famous novelist Raja Rao, and then the famous communist K.A. Abbas. Later I moved into a chawl. I was rejected by a couple of studios, and worked as an accounts clerk for three days. Which was the most depressing of your struggling days?The day I sold my beloved stamp collection. I spent my last penny for the bus to Bombay’s Fort area and then walked along the main road, hungry and thirsty. I found a stamp-seller on the pavement who gave me 30 rupees for it. It was a godsend, but I was also heartbroken – that collection had many rare stamps. Looking back however, I don’t regret the day. It made a man out of me. I continued looking for acting roles. I went to IPTA (Indian People’s Theatre Association), where the senior actors never took me seriously. Meanwhile at the military censor’s office, my degree got me a job scanning soldiers’ letters for wartime secrets. Reading letters is like peeping into lonely hearts pining for their sweethearts and their desires. It was educative, but still a routine desk-job. Then one day I barged into the Bombay office of Prabhat Studio. The boss gave me a ticket to Poona for a screen test and I got hired for Rs 400 a month – a lot of money in those days. But it wasn’t just the money. The best turning point in life is finding the first job that you truly like.Who were your closest buddies those days? Chetan Anand and Guru Dutt. Both are dead now. Chetan was more than my brother – he was my confidant. I remember weeping on his shoulder like a child when Suraiya broke up with me. I set up Navketan only to let him make movies. I asked a producer for a huge advance and we made Afsar. It didn’t do well. I then gave Guru Dutt his break as director in Baazi, which was a hit. We’d made a pact during our Prabhat days: If ever I became producer, he’d direct my film, and I would, in turn, act in his production. While I kept my part of the promise with Baazi, Guru kept his with CID.Was your first meeting really the result of a dhobi’s blunder?The dhobi had mistakenly exchanged our shirts. We bumped into each other at the studio, where Guru Dutt was already working as an assistant director, and noticed the shirt-swap. We had a good laugh, and it sealed our friendship for ever. Even after starting separate production houses, we’d go for long walks discussing our dream projects. After a gap, we met in 1964 and decided to work together again. Four days later, Guru was found dead in his bedroom.Baazi onwards, Navketan introduced a lot of newcomers. Nearly 80 per cent of our movie people either began at or were associated in some way with Navketan. We’ve made some 35 films, and after 54 years are still functioning under the same ownership and management. Not even Fox or Columbia or any other Hollywood studio can claim this unique distinction!What provoked you into making Censor?I wanted to make the point that censorship in India is all wrong. I walked out of a Censor Board meeting because those stupid people wanted to cut a scene from my film Main Solah Baras Ki where I was shown drinking alcohol. You have such a respected image, they argued. I’m not playing an image, I explained, I’m playing a man who drinks. They were adamant.I’m not advocating nudity or gratuitous sex and violence. But our obsolete code of moral censorship is made even worse by the conservative bureaucrats who implement it. Cable TV and Internet show more objectionable stuff – why is that allowed? Urdu poets have written exquisite verses on liquor, and Kama Sutra is a part of Indian philosophy. Each society has its own norms. And so, without scrapping the code, we need to liberalize it after a healthy debate. As Censor Chief, my brother Goldie [Vijay Anand] tried hard for a less dogmatic system, but they didn’t like him and his ideas. There’s a strong lobby in the government that wants censorship to continue in its present form.   Related Itemslast_img read more