Month: October 2016

  • Mark Carney Announces He Will Remain At The Bank of England Until June 2019

    Seeking to end speculation about whether or not the governor of the BOE would announces an early departure this week, moments ago the BOE issued a statement from Mark Carney, in which the head of the central bank made it clear that he would extend his term until the end of June 2019, putting any speculation about his early resignation to rest.From the Bank of EnglandGovernor Mark Carney makes announcement on his term
    31 October 2016 In a letter to the Chancellor, published this evening (Monday 31 October), the Governor said he would extend his term to the end of June 2019. The Governor said: “I would be honoured to extend my time of service as Governor for an additional year to the end of June 2019. By taking my term in office beyond the expected period of the Article 50 process, this should help contribute to securing an orderly transition to the UK's new relationship with Europe. It is an honour and a privilege to serve in this important role. I deeply appreciate your support, that of the Prime Minister, and that of colleagues at the Bank, and I look forward to continuing to promote the good of the people of the United Kingdom during this crucial time for the country.”  In his reply, the Chancellor said:  “I am very pleased to hear that you intend to continue as Governor of the Bank of England until the end of June 2019. This will enable you to continue your highly effective leadership of the Bank through a critical period for the British economy as we negotiate our exit from the European Union.”The BOE also provided link to Carney's letter to the Chancellor, and the letter back from the Chancellor to the Governor. The former is below:While cable moved modestly higher in kneejerk reaction to the news, it is now largely unchanged. The post Mark Carney Announces He Will Remain At The Bank of England Until June 2019 appeared first on crude-oil.top.
    http://crude-oil.top/mark-carney-announces-he-will-remain-at-the-bank-of-england-until-june-2019/

  • Sports Authority Liquidation Claims Another Supplier Casualty As Performance Sports Goes Under

    Performance Sports Group (PSG), maker of Bauer ice hockey equipment and Easton baseball and softball gear, filed for bankruptcy protection earlier today in Canada and the United States.  Among other things, the company cited "weakening consumer demand," the liquidation of Sports Authority back in March 2016 as well as the subsequent bankruptcy of an "internet baseball retailer" as key drivers of their financial downturn.  According to the company's most recent annual filing, 51% of Easton sales were to "big box" retailers.The performance of the Company’s business in fiscal 2016 and fiscal 2017 to date has been significantly impacted by adverse market and   economic conditions and related customer credit issues. The baseball/softball market experienced a significant downturn in retail sales across all product categories, but particularly in the Company’s important bat category. This weakening of consumer demand, coupled with the Chapter 11 filing by one of the largest U.S. national sporting goods retailers and the bankruptcy of an internet baseball retailer, has reduced the Company’s sales with respect to baseball and softball products. The consolidation of hockey retailers in the U.S., and the bankruptcy of a key U.S. hockey customer, has reduced customer  demand for products as the Company’s customers have continued to reduce their inventory  levels. The Company’s results throughout fiscal 2016 and  fiscal  2017  to  date have  also continued to be impacted negatively by foreign currency exchange rates, specifically, the depreciation of the Canadian dollar and other world currencies relative to the U.S. dollar. Not surprisingly, PSG's EBITDA collapsed for the LTM period ended in February 2016 which coincided with the Sports Authority bankruptcy filing in March. As part of the bankruptcy process, PSG has secured a stalking horse bid from Sagard Capital and Fairfax Financial for $575mm which will serve as a baseline bid for a competitive auction process.In  connection  with  the  Restructuring  Process,  the  Company has entered  into  an  asset  purchase agreement (the “Purchase Agreement”) with  an acquisition  vehicle  to  be  co-owned  by  an  affiliate  of Sagard  Capital  Partners,  L.P. and Fairfax  Financial  Holdings  Limited (collectively,  the “Purchaser”), pursuant  to  which  the  Purchaser  has  agreed  to  acquire  substantially  all  of  the  assets of  the  Company and  its  North  American subsidiaries for  U.S. $575 million in  aggregate,  assume  related  operating liabilities and serve as a “stalking horse” bidder through the Restructuring Process. The Purchase Agreement sets  the  floor,  or  minimum  acceptable bid,  for  an  auction  under  the  supervision  of  the Courts,  which  is designed  to  achieve  the  highest available or  otherwise  best  offer.  The  proceeds  to  be received on the closing of the acquisition should be in excess of the Company’s outstanding secured indebtedness and are expected to provide meaningful recoveries to the Company’s other stakeholders. A final sale approval hearing is expected to take place  shortly after completion of the auction with the anticipated  closing of  the  successful  bid to  occur in  the  first quarter  of calendar  year 2017,  subject  to receipt  of  applicable  regulatory  approvals  and  the  satisfaction  or  waiver  of  other  customary  closing conditions. Just another sign of the "strong" consumer benefiting from the Obama "recovery." The post Sports Authority Liquidation Claims Another Supplier Casualty As Performance Sports Goes Under appeared first on crude-oil.top.
    http://crude-oil.top/sports-authority-liquidation-claims-another-supplier-casualty-as-performance-sports-goes-under/

  • NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out

    An NYU professor who launched a twitter war against the growing trend of universities coddling students with "safe spaces" and "trigger warnings" has been pushed out of his own classroom for his "incivility."  According to a report from the New York Post, Liberal Studies professor Michael Rectenwald was forced to go on paid leave for the rest of the semester after his undercover twitter account, "Deplorable NYU Prof", was linked back to him.
    Liberal studies prof Michael Rectenwald, 57, said he was forced Wednesday to go on paid leave for the rest of the semester. “They are actually pushing me out the door for having a different perspective,” the academic told The Post. Rectenwald launched an undercover Twitter account called Deplorable NYU Prof on Sept. 12 to argue against campus trends like “safe spaces,” “trigger warnings” and other aspects of academia’s growing PC culture. He chose to be anonymous, he explained in one of his first tweets, because he was afraid “the PC Gestapo would ruin me” if he put his name ­behind his conservative ideas on the famously liberal campus. “I remember once on my Facebook I posted a story about a kid who changed his pronoun to ‘His Majesty’ because I thought it was funny,” he told The Post. “Then I got viciously attacked by 400 people. This whole milieu is nauseating. I grew tired of it, so I made the account.”Below is a small sample of Rectenwald's tweets:The identity politics left: they need a safe space that is at once a hall of mirrors and a rubber room.— Deplorable NYU Prof (@antipcnyuprof) October 11, 2016What if Trump triggers a few hundred thousand liberal totalitarians to jump out of their dorm windows? one can only hope. #TriggerWarning— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016OK, academia has officially gone completely ape shit. This is merely mental illness posing as "politics": https://t.co/1K1l7wSvom— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016I'm a NYU prof who's seen academe become a sham bc of identity pol & liberal totalitarianism. I'll tell all soon. https://t.co/7Tyulse0a7— Deplorable NYU Prof (@antipcnyuprof) September 16, 2016I'm a real full-time NYU prof who has inside stories that will blow yr mind. When I reach 500 followers the flood gates open. Pls help. Thx.— Deplorable NYU Prof (@antipcnyuprof) September 15, 2016.@kercard @TrumpetingTrump Yes, there are 1.5 administrators for every professor at NYU -gotta' monitor everyone for possible 'bias' issues!— Deplorable NYU Prof (@antipcnyuprof) September 13, 2016 It wasn't long before Rectenwald's tweet storm drew the attention of NYU's student newspaper, the Washington Square Times, which reached out to him over twitter for an interview.  Unfortunately, that interview, which was published last week, proved to be his undoing.  Within 2 days of his identity being revealed publicly, NYU's "Liberal Studies Diversity, Equity and Inclusion Working Group" had published a letter in the same newspaper finding Rectenwald "guilty of illogic and incivility."  Later in that same day Rectenwald was forced to go on paid leave by administrators who claimed that "a couple people had expressed concern about his mental health." But Rectenwald says he began getting “dirty looks” in his department and on Wednesday figured out why: A 12-person committee calling itself the Liberal Studies Diversity, Equity and Inclusion Working Group, including two deans, published a letter to the editor in the same paper. “As long as he airs his views with so little appeal to evidence and civility, we must find him guilty of illogic and incivility in a community that predicates its work in great part on rational thought and the civil exchange of ideas,” they wrote. “We seek to create a dynamic community that values full participation. Such efforts are not the ‘destruction of academic integrity’ Professor Rectenwald suggests, but rather what make possible our program’s approach to global studies,” they argued. Rectenwald likened the attack to “a Salem witch trial. They took my views personally. I never even mentioned them and I never even said NYU liberal studies program. I was talking about academia at large.” The same day that letter was published, Rectenwald was summoned to a meeting with his department dean and an HR representative, he says. “They claimed they were worried about me and a couple people had expressed concern about my mental health,” Rectenwald told The Post. The leave has “absolutely zero to do with his Twitter account or his opinions on issues of the day,” said NYU spokesman Matt Nagel, refusing to elaborate on the reason. “I’m afraid my academic career is over,” he said. “Academic freedom: It’s great, as long as you don’t use it.”Is it any wonder that the liberal elite continues to run amok at our establishments of higher learning...anyone who dares express a non-conforming opinion is promptly found "guilty of illogic and incivility" and declared mentally incompetent. 

    The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on crude-oil.top.The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on Forex news - Binary options.
    http://betiforex.com/nyu-prof-who-spoke-out-against-safe-spaces-and-trigger-warnings-gets-pushed-out/

  • NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out

    An NYU professor who launched a twitter war against the growing trend of universities coddling students with "safe spaces" and "trigger warnings" has been pushed out of his own classroom for his "incivility."  According to a report from the New York Post, Liberal Studies professor Michael Rectenwald was forced to go on paid leave for the rest of the semester after his undercover twitter account, "Deplorable NYU Prof", was linked back to him.
    Liberal studies prof Michael Rectenwald, 57, said he was forced Wednesday to go on paid leave for the rest of the semester. “They are actually pushing me out the door for having a different perspective,” the academic told The Post. Rectenwald launched an undercover Twitter account called Deplorable NYU Prof on Sept. 12 to argue against campus trends like “safe spaces,” “trigger warnings” and other aspects of academia’s growing PC culture. He chose to be anonymous, he explained in one of his first tweets, because he was afraid “the PC Gestapo would ruin me” if he put his name ­behind his conservative ideas on the famously liberal campus. “I remember once on my Facebook I posted a story about a kid who changed his pronoun to ‘His Majesty’ because I thought it was funny,” he told The Post. “Then I got viciously attacked by 400 people. This whole milieu is nauseating. I grew tired of it, so I made the account.”Below is a small sample of Rectenwald's tweets:The identity politics left: they need a safe space that is at once a hall of mirrors and a rubber room.— Deplorable NYU Prof (@antipcnyuprof) October 11, 2016What if Trump triggers a few hundred thousand liberal totalitarians to jump out of their dorm windows? one can only hope. #TriggerWarning— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016OK, academia has officially gone completely ape shit. This is merely mental illness posing as "politics": https://t.co/1K1l7wSvom— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016I'm a NYU prof who's seen academe become a sham bc of identity pol & liberal totalitarianism. I'll tell all soon. https://t.co/7Tyulse0a7— Deplorable NYU Prof (@antipcnyuprof) September 16, 2016I'm a real full-time NYU prof who has inside stories that will blow yr mind. When I reach 500 followers the flood gates open. Pls help. Thx.— Deplorable NYU Prof (@antipcnyuprof) September 15, 2016.@kercard @TrumpetingTrump Yes, there are 1.5 administrators for every professor at NYU -gotta' monitor everyone for possible 'bias' issues!— Deplorable NYU Prof (@antipcnyuprof) September 13, 2016 It wasn't long before Rectenwald's tweet storm drew the attention of NYU's student newspaper, the Washington Square Times, which reached out to him over twitter for an interview.  Unfortunately, that interview, which was published last week, proved to be his undoing.  Within 2 days of his identity being revealed publicly, NYU's "Liberal Studies Diversity, Equity and Inclusion Working Group" had published a letter in the same newspaper finding Rectenwald "guilty of illogic and incivility."  Later in that same day Rectenwald was forced to go on paid leave by administrators who claimed that "a couple people had expressed concern about his mental health." But Rectenwald says he began getting “dirty looks” in his department and on Wednesday figured out why: A 12-person committee calling itself the Liberal Studies Diversity, Equity and Inclusion Working Group, including two deans, published a letter to the editor in the same paper. “As long as he airs his views with so little appeal to evidence and civility, we must find him guilty of illogic and incivility in a community that predicates its work in great part on rational thought and the civil exchange of ideas,” they wrote. “We seek to create a dynamic community that values full participation. Such efforts are not the ‘destruction of academic integrity’ Professor Rectenwald suggests, but rather what make possible our program’s approach to global studies,” they argued. Rectenwald likened the attack to “a Salem witch trial. They took my views personally. I never even mentioned them and I never even said NYU liberal studies program. I was talking about academia at large.” The same day that letter was published, Rectenwald was summoned to a meeting with his department dean and an HR representative, he says. “They claimed they were worried about me and a couple people had expressed concern about my mental health,” Rectenwald told The Post. The leave has “absolutely zero to do with his Twitter account or his opinions on issues of the day,” said NYU spokesman Matt Nagel, refusing to elaborate on the reason. “I’m afraid my academic career is over,” he said. “Academic freedom: It’s great, as long as you don’t use it.”Is it any wonder that the liberal elite continues to run amok at our establishments of higher learning...anyone who dares express a non-conforming opinion is promptly found "guilty of illogic and incivility" and declared mentally incompetent. 

    The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on crude-oil.top.The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on Forex news - Binary options.
    http://betiforex.com/nyu-prof-who-spoke-out-against-safe-spaces-and-trigger-warnings-gets-pushed-out/

  • NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out

    An NYU professor who launched a twitter war against the growing trend of universities coddling students with "safe spaces" and "trigger warnings" has been pushed out of his own classroom for his "incivility."  According to a report from the New York Post, Liberal Studies professor Michael Rectenwald was forced to go on paid leave for the rest of the semester after his undercover twitter account, "Deplorable NYU Prof", was linked back to him.
    Liberal studies prof Michael Rectenwald, 57, said he was forced Wednesday to go on paid leave for the rest of the semester. “They are actually pushing me out the door for having a different perspective,” the academic told The Post. Rectenwald launched an undercover Twitter account called Deplorable NYU Prof on Sept. 12 to argue against campus trends like “safe spaces,” “trigger warnings” and other aspects of academia’s growing PC culture. He chose to be anonymous, he explained in one of his first tweets, because he was afraid “the PC Gestapo would ruin me” if he put his name ­behind his conservative ideas on the famously liberal campus. “I remember once on my Facebook I posted a story about a kid who changed his pronoun to ‘His Majesty’ because I thought it was funny,” he told The Post. “Then I got viciously attacked by 400 people. This whole milieu is nauseating. I grew tired of it, so I made the account.”Below is a small sample of Rectenwald's tweets:The identity politics left: they need a safe space that is at once a hall of mirrors and a rubber room.— Deplorable NYU Prof (@antipcnyuprof) October 11, 2016What if Trump triggers a few hundred thousand liberal totalitarians to jump out of their dorm windows? one can only hope. #TriggerWarning— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016OK, academia has officially gone completely ape shit. This is merely mental illness posing as "politics": https://t.co/1K1l7wSvom— Deplorable NYU Prof (@antipcnyuprof) September 27, 2016I'm a NYU prof who's seen academe become a sham bc of identity pol & liberal totalitarianism. I'll tell all soon. https://t.co/7Tyulse0a7— Deplorable NYU Prof (@antipcnyuprof) September 16, 2016I'm a real full-time NYU prof who has inside stories that will blow yr mind. When I reach 500 followers the flood gates open. Pls help. Thx.— Deplorable NYU Prof (@antipcnyuprof) September 15, 2016.@kercard @TrumpetingTrump Yes, there are 1.5 administrators for every professor at NYU -gotta' monitor everyone for possible 'bias' issues!— Deplorable NYU Prof (@antipcnyuprof) September 13, 2016 It wasn't long before Rectenwald's tweet storm drew the attention of NYU's student newspaper, the Washington Square Times, which reached out to him over twitter for an interview.  Unfortunately, that interview, which was published last week, proved to be his undoing.  Within 2 days of his identity being revealed publicly, NYU's "Liberal Studies Diversity, Equity and Inclusion Working Group" had published a letter in the same newspaper finding Rectenwald "guilty of illogic and incivility."  Later in that same day Rectenwald was forced to go on paid leave by administrators who claimed that "a couple people had expressed concern about his mental health." But Rectenwald says he began getting “dirty looks” in his department and on Wednesday figured out why: A 12-person committee calling itself the Liberal Studies Diversity, Equity and Inclusion Working Group, including two deans, published a letter to the editor in the same paper. “As long as he airs his views with so little appeal to evidence and civility, we must find him guilty of illogic and incivility in a community that predicates its work in great part on rational thought and the civil exchange of ideas,” they wrote. “We seek to create a dynamic community that values full participation. Such efforts are not the ‘destruction of academic integrity’ Professor Rectenwald suggests, but rather what make possible our program’s approach to global studies,” they argued. Rectenwald likened the attack to “a Salem witch trial. They took my views personally. I never even mentioned them and I never even said NYU liberal studies program. I was talking about academia at large.” The same day that letter was published, Rectenwald was summoned to a meeting with his department dean and an HR representative, he says. “They claimed they were worried about me and a couple people had expressed concern about my mental health,” Rectenwald told The Post. The leave has “absolutely zero to do with his Twitter account or his opinions on issues of the day,” said NYU spokesman Matt Nagel, refusing to elaborate on the reason. “I’m afraid my academic career is over,” he said. “Academic freedom: It’s great, as long as you don’t use it.”Is it any wonder that the liberal elite continues to run amok at our establishments of higher learning...anyone who dares express a non-conforming opinion is promptly found "guilty of illogic and incivility" and declared mentally incompetent. 

    The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on crude-oil.top.The post NYU Prof Who Spoke Out Against “Safe Spaces” and “Trigger Warnings” Gets Pushed Out appeared first on Forex news - Binary options.
    http://betiforex.com/nyu-prof-who-spoke-out-against-safe-spaces-and-trigger-warnings-gets-pushed-out/