International cricketers share much better relations due to the Indian Premier League as the Twenty20 event has given them an opportunity to know each other, feels Sri Lankan vice-captain Mahela Jayawardene.”It has opened doors for harmony among the players. In the IPL, you get to know other foreign players better. we have created better relations as a result of that,” he said.Jayawardene said the concept of the IPL and the various Twenty20 leagues across the globe has a lot of potential.”We have seen that in the IPL, we have seen that in the English counties, we have seen that in the Big Bash, that’s the way forward for Twenty20 cricket,” he said in a function to announce an Indian sponsor for the Sri Lankan team ‘Wayamba XI’, which will participate in the Champions League Twenty20 next month.”I think that will evolve quite a bit, just having the Twenty20 World Cup for the national teams, and then the 50-over cricket and Test matches will take a different path.”When the IPL came for the first time, everyone was surprised. But n the second and third year you saw how it became such a big thing,” Jayawardene said.Jayawardene, who will play for the Wayamba team in the Champions league, said the tournament will grow in stature with time.”People now understand what the concept is all about, we need to give it some more time and it will improve,” he said.Wayamba is captained by Jehan Mubarak and includes Mahela Jayawardene, Ajantha Mendis, Rangana Herath, Thisara Perera, Farveez Maharoof and Mahela Udawatte.advertisementSpeaking on the occasion, Sri Lanka Cricket secretary Nishantha Ranatunga said the Twenty20 version of the game can co-exist alongside Test cricket.”From the board’s point and personal point of view, I see Twenty20 as another product, We have Test cricket, one-day cricket and Twenty20 cricket,” Ranatunga said on Tuesday.”From the players’ point of view they have to prove themselves in all three formats. From the board’s point of view, I don’t see any harm as far as the players get the right breaks.”So far, we have been happy and lucky that the players have had the right breaks and participated in the country’s tournaments. It is good to have more competitive cricket, people like it, why not give it,” Ranatunga said.
On the anniversary of the signing of the U.S. Constitution, 35 human rights groups and WRI call on the presidential candidates to reaffirm the fundamental legal framework that makes environmental protection possible.Constitution Day is Wednesday, September 17th. 221 years after the document’s ratification, the Constitution continues to provide the framework for one of the world’s most stable and robust republic and democracy.In honor of this day, an ideologically diverse coalition calls upon all presidential candidates to demonstrate their commitment and ability to “protect and defend the Constitution of the United States.” (Read the | text = full media advisory.)Presidents and the Executive Branch exercise a great deal of discretion and flexibility in interpreting the Constitution. It is therefore essential that the presidential candidates, with the media’s help, hold a national dialogue on the Constitution. This would allow the American people to cast an informed vote by understanding where they stand on constitutional issues.Why would an environmental think tank like WRI be so concerned about where candidates stand on constitutional issues?The Constitutional framework is essential to environmental protection, because it establishes the legal principles, check and balances, and enforcement mechanisms that make regulations work. The next administration must therefore respect the Constitution and the legal foundation it provides.In recent years, presidents of both parties have aimed to expand the scope of their authority through abuses of executive power. These practices not only weaken essential environmental laws and regulations, they are unconstitutional.For example:Our scientists’ recommendations for ozone standards were overridden by an Executive Branch supporting laxer regulations. The President made a last minute intervention in the regulatory process to overturn recommendations from the Environmental Protection Agency’s expert advisory panel which had been approved by the Administrator. Later, when asked by Congress to justify this action in the course of a subpoena, the Executive Branch withheld about 25 percent of the inter-agency communications which could have shed light on this intervention.The legal protections given to us by Congress over nuclear waste management were disregarded by the President through signing statements. In the Energy Policy Act of 2005, Congress established whistleblower protections for members of the Nuclear Regulatory Commission, Department of Energy and federal contractors who would report safety violations in nuclear waste management. Yet President Bush declared in a signing statement that “the president or his appointees will determine whether employees of the Department of Energy and the Nuclear Regulatory Commission can give information to Congress.”The people were left out of the design of their own national health or energy plan. The Clinton Health Care task force and the Cheney Energy Task force conducted their operations behind closed doors, resisting both participation from a wide base of informed stakeholders and judicial proceedings to retrieve the information kept secret about the content and participants of the meetings.When the rule of law fades, our environment deteriorates along with the American people’s health and security. The Bush administration’s abuses of executive power in particular are unprecedented in number and scope and have been exposed and denounced by groups and individuals across the political spectrum. Do they now constitute a precedent for the next President to follow? This question must be answered by the presidential candidates. We need to find out how the candidates would exert their executive authority as President before the election rather than learning it the hard way.We want all campaigns to let the American people know where they stand on such core principles as checks and balances in government, government oversight by Congress, and transparency of information. WRI supports this call, along with the following organizations:America SpeaksAmerican Booksellers Foundation for Free ExpressionAmerican Conservative Defense AllianceAmerican Freedom AgendaAmerican Freedom CampaignBill of Rights Defense CommitteeCalifornians AwareCenter for American Progress Action FundCenter for Constitutional RightsCommon CauseDefending Dissent FoundationElectronic Frontier FoundationEqual Justice SocietyGet FISA RightGovernment Accountability ProjectHuman Rights WatchInternational Association of Whistleblowers (IAW)Liberty CoalitionMinnesota Coalition on Government InformationMuslim AdvocatesNational Campaign to Restore Civil RightsNational Coalition of Organized WomenNational Lawyers GuildNo FEAR CoalitionOMB WatchOpen The Government CoalitionOSC WatchPrivacy LivesProject on Government OversightPublic CitizenRepublican Liberty CaucusScientific Integrity Program of the Union of Concerned ScientistsThe Brennan Center for JusticeThe Rutherford InstituteTranspartisan CenterWhistleblowers USAWorld Resources Institute
Story Highlights He said that Jamaica is at a critical juncture in its history where “all hands are needed” to take the country to “where we know we can go”. Prime Minister, the Most Hon. Andrew Holness, says the Government is committed to working with the voluntary sector in shaping the future of the country. “We need these kinds of partnerships to leverage the incredible talents and skills… and resources. We need this to make Jamaica a better place,” he said. “Volunteerism is an important part of national development,” the Prime Minister added. Prime Minister, the Most Hon. Andrew Holness, says the Government is committed to working with the voluntary sector in shaping the future of the country.He said that Jamaica is at a critical juncture in its history where “all hands are needed” to take the country to “where we know we can go”.He noted that strong partnerships involving Governments, private sector and the voluntary sector are the things that are needed right across the region.“We need these kinds of partnerships to leverage the incredible talents and skills… and resources. We need this to make Jamaica a better place,” he said. “Volunteerism is an important part of national development,” the Prime Minister added.He was addressing the opening of the Kiwanis Eastern Canada and the Caribbean’s three-day Convention at the Montego Bay Convention Centre, St. James, on May 17.Emphasising the role of the voluntary sector, Mr. Holness said that hardly anything of significance can be accomplished without its support.“Not because it is a philanthropic endeavour; not because it is voluntary… that doesn’t mean that it is free. What it means is that someone chooses to absorb the cost so that those who are in need can benefit. It is the ultimate expression of selflessness,” he pointed out.The Prime Minister noted that the Kiwanis Club has mastered the art of volunteerism, leaving an indelible mark on societies across the world.He said the organisation’s commitment to service is being felt throughout the length and breadth of Jamaica, especially in social and community-related programmes.Mr. Holness said it would be impossible to put a value on what the Kiwanis Club has managed to do over the years in Jamaica, noting that “the millions of lives that you have touched has not gone unnoticed”.“I would have seen basic schools… infant schools being repaired. I would have seen the health fairs and the number of students being assisted with scholarships,” he noted.The Prime Minister further cited the valuable leadership training provided from as early as primary school through the Kiwanis Builders Club, and in high school through the Key Club.“You have given opportunities to our people in both social and human capital development,” he said.
The decade of 1990s truly belonged to music director duos. They dominated film music and were responsible for bringing back melody to Bollywood. They were Anand Miland, Nadeem Shravan and Jatin Lalit. Jatin Lalit were the fourth music duo after Husanlal Bhagat Ram, Kalyanji Anandji and Anand Miland – and like them, they were real brothers. Anand Miland were the sons of film composer Chitragupt. Nadeem Shravan had no connection in the industry while Jatin Lalit belonged to a famous music Gharana. They were born to Pandit Tej Narayan of Mewati Gharana in the village Pili Mandori in Hisar, Haryana. The doyen of Mewati Gharana is legendary Pt. Jasraj – he is the brother of Tej Narayan and uncle of Jatin Lalit. Also Read – Torpedoing BengalPandit Tej Narayan had a large family of four sons and three daughters. He would train his children, except his youngest son Lalit. He wanted him to study and do something else, rather than making a career in singing. Lalit’s elder brothers Mandhir and Jatin were trained by their father as were his two daughters Sulakshna and Vijeta Pandit, who became actor-singers and acted in several Jubilee films. Vijeta Pandit was the poster girl of 1980s along with Kumar Gaurav (son of Rajendra ‘Jubilee’ Kumar). Vijeta Pandit later got married to music composer Adesh Srivastava, who gave several hit numbers like Haathon mein aa gaya jo kal rummal apka (Kumar Sanu) in the film Aao Pyaar Karen (1994), Kya ada kya jalwa tere paro (Udit Narayan) in Shastra (1996), the eponymous title song of Salma Pe Dil Aa Gaya (Asha Bhonsle, Amit Kumar and Udit Narayan, 1997) to mention a few. Sadly, his career ended with his sudden demise after a cardiac attack. Also Read – Educational model of coexistenceLalit Pandit had finished his board exams from Panchgani and came back to Bombay. After seeing the successful career of his brothers and sisters, Lalit decided to opt for music. He learned music from Pyaralal of Laxmikant Pyarelal fame. Jatin had already given music in some films with his elder brother Mandhir. When he saw his brother’s growing interest in music they formed a team and started working as Jatin Lalit.Jatin Lalit made their debut with film Yaara Dildara in 1991, starring Aasif Seikh and Ruchika Pandey. It was a low budget film with one dulcet number Bin tere sanam (Udit Narayan/Kavita Krishnamurthy). With their debut film, the duo went on to become melody composers with Anand Miland and Nadeem Shravan. Jatin Lalit were greatly inspired by composer R D Burman and started attending all rehearsals and recordings of Panchamda. They were so enamoured by Panchamda that often, they would go attend the shooting where Pancham songs were being picturised. They got to face the camera in Yaadon ki Baaraat of producer-director Nasir Hussain. They were seen with Aamir Khan as child artist in the song sequence of Yaadon ki Baaraat nikli hai aaj (Lata Mangeshkar/Padmini Kolhapure/Sushma Shrestha) in 1973. The duo was also seen in Jo Jeeta Wahi Sikander in the song sequence Hum se hai sara jahan (Sadhna Sargam/Jatin Pandit) in 1992. In the scene, Jatin was seen singing a song with a girl while Lalit was playing the bass guitar! Jatin Lalit came on the scene with film Khiladi in 1992 starring Akshay Kumar, Deepak Tijori and Ayesha Julkha. The hit numbers of Khiladi were Wada raha sanam (Abhijeet/ Alka Yagnik). Mansoor Khan of Qamayat Se Qamayat fame was fascinated by the background score so much that he signed Jatin Lalit for his next film Jo Jeeta Wohi Sikander in (1992) starring Aamir Khan and Ayesha Julkha. The music was immensely liked by younger generations and its most iconic number was Pehla nasha (Udit Narayan/ Sadhna Sargam). With this song, Jatin Lalit started getting offers from big banners. In the same year, they scored music for Raju Ban Gaya Gentleman. The film was produced by G P Sippy and Vivek Waswani (co-producer) and directed by Aziz Mirza. The film was a romantic comedy starring Shah Rukh Khan, Juhi Chawla, Nana Patekar and Amrita Singh. It earned great commercial success in the box office. The numbers which became popular were title track Raju ban gaya gentleman (Kumar Sanu, Jolly Mukherjee, Sudesh Bhonsle and Sadhna Sargam), Kya hua….dekho isko laveria hua (Kumar Sanu, Jolly Mukharjee and Alka Yagnik) and Tu mere saath saath (Kumar Sanu, Alka Yagnik). The film was released in Japan in 1997 giving a great boost to the Hindi film industry. After hits like Khiladi, Jo Jeeta Wahi Shikandar and Raju Ban Gaya Gentleman, Jatn Lalit never looked back. Witnessing the popularity of this duo, Yash Raj Banner invited them to score music for their film Dilwale Dulhaniya Le Jayenge (1996) starring Shah Rukh Khan and Kajol. It was the debut film of Yash Chopra’s elder son Aditya Chopra as director. The film broke all records and ran for six years in a single theatre in Bombay. Yash Chopra also gave a break to music duo Shiv Hari (Pandit Shiv Kumar Sharma, the santoor maestro and Pandit Hari Prasad Chaurasia, the greatest flutist in our time). Shiv Hari made best use of the pahari style of music in Yash Raj’s films. Jatin Lalit gave another twist to the Pahari style in numbers like Tujhe dekha to ye jana sanam (Kumar Sanu, Lata), Ho gaya hai tujhko to pyaar sajna (Lata, Udit Narayan) which became the most iconic romantic numbers of the film. Zara sa jhoom lun main (Asha, Abhijeet) and Mere khwabon mein jo aayein had the rhythmic pattern of their role model R D Burman. Jatin Lalit also composed hit wedding songs in Mehndi laga ke rakhna (Lata, Udit Narayan) and Ghar aa jaa pardesi (Pamela Chopra, Manjeet Kaur and Chorus). Melodious numbers of Jatin Lalit were most popular in that decade. They never compromised with the quality of music. In the 1990s they became the most sought after composers for melodies. They gave music in nearly 70 films with some celebrating jubilees with their unforgettable melodies. Some of these were Fareb (1996) starring Faraaz Khan, Suman Rangnathan and Milind Gunagi and its number Ye teri aankhen jhuki jhuki (Abhijeet), Aankhon se dil mein utarke and Pyaar ka pehla pehla (Kumar Sanu, Alka Yagnik). There was also Khamoshi: The Musical (1996) starring Salman Khan, Nana Patekar and Manisha Koirala which had iconic numbers, Bahon ke darmiyan (Alka, Hariharan) and Aaj mein uper asman neeche (Kavita Krishnamurthy, Kumar Sanu). Pyaar Kiya To Darna Kya (1998) starring Salman Khan, Arbaaz Khan and Kajol was another hit, particularly its song O o jane jana (Kamaal Khan) and Deewana mein chala (Udit Narayan). Their next musical Ghulam (1998) starring Aamir Khan and Rani Mukherjee had the carefree peppy number Aati kya khandala (Aamir Khan, Alka Yagnik), Aankhon se tune ye kya keh diya (Kumar Sanu, Alka Yagnik). Kuch Kuch Hota Hai (1998) Karan Johar’s debut film as director starring Kajol, Shah Rukh Khan and Rani Mukherjee is remembered as an icon. Its songs Kuch kuch hota hai (Udit Narayan, Alka Yagnik), Koi mil gaya (Kavita Krishnamurthy, Alka Yagnuk, Udit Narayan), Sajanji ghar aaye (Kavita Krishnamurthy, Alka Yagnik, Kumar Sanu) and Ladki badi anjani hai(Kumar Sanu, Alka Yagnik) became very popular but sadly they couldn’t create the same magic touch. Their next hit was Sarfarosh (1999) starring Aamir Khan and Sonali Bendre. It had a qawwali style number Zindagi maut na ban jaye (Roop Kumar Rathore, Sonu Nigam) and the heartfelt ghazal, Hoshwalon ko khabar kya (Jagjit Singh); it also had Is deewane ladke ko (Alka Yagnik, Aamir Khan) and Jo haal dil ka (Kumar Sanu, Alka Yagnik). Jatin Lalit went on giving musical hits in the new millennium also. Their hits were Yash Chopra’s Mohabbatein (2000), Kabhi Khushi Kabhie Gham (2001), Hum Tum (2004) and Fanaa (2006). Mohabbatein starring Amitabh Bachahan, Shah Rukh Khan and Aishwarya Rai Bachchan had haunting melodies Humko humise se chura lo and Zinda rahti hai unki mohabbatein (Lata Mangeshkar, Udit Narayan). Kabhi Khushi Kabhie Gham was a multistarrer directed by Karan Johar. Its star cast included Amitabh Bachchan, Shah Rukh Khan, Hrithik Roshan, Kajol, Kareena Kapoor and Jaya Bachchan. They gave number of hits such as title track Kabhi khushi kabhie gham (Lata Mangeshkar), Bole chudiyan (Kavita Karishnamurthy, Alka Yagnik, Sonu Nigam, Udit Narayan, Amit Kumar) and Ye ladka hai allah (Alka, Udit Narayan). Hum Tum starring Saif Ali Khan, Rani Mukherjee witnessed a new style of singing in Ladki kyun… (Shaan, Alka Yagnik) composed by this maverick duo but its soft notes number Sanson ko sanson me (Babul Supriyo, Alka Yagnik) became extremely popular. Fanaa had seven numbers composed by Jatin Lalit but the songs Chand Sifarish (Shaan/Kailash Kher) and Mere haath mein (Sonu Nigam, Sunidhi Chauhan, Sulaiman Merchant, Kajol, Aamir Khan) were the most popular. Fanaa was the last film which carried the credits of Jatin Lalit. Their partnership came apart after this movie and they decided to work separately. Jatin Lalit were nominated 11 times for the Filmfare. Although their films got several awards in various categories they were unlucky to never win a single trophy for their music. Lalit Pandit was asked by Arbaaz Khan to compose an item number for his film Dabangg starring Salman Khan and Sonakshi Sinha. This iconic song Munni badnaam hui was sung by Mamta Sharma and Aishwarya, both of who were discovered by Lalit Pandit. This number became a smashing hit in 2010. The song was also written by Lalit himself and won him several awards as a lyricist-composer.
Justin Bieber, over the weekend, became the first recording artist in Make-A-Wish history to grant 200 wishes to children with life-threatening medical conditions.He joins only 4 other celebrities to have reached that milestone since Make-A-Wish was founded in 1980.Bieber’s 200th wish occurred during his last stop on the Believe Tour this past Saturday at Atlanta’s Philips Arena when he met 8-year-old Annalysha. Bieber spent time backstage with Annalysha where she received VIP treatment during the concert as part of her wish to meet him.Bieber’s involvement with Make-A-Wish started in 2009 in Los Angeles when he granted his first wish. Since then, he has granted a wish at nearly every tour stop where he visits with wish kids and their families, takes photographs and signs autographs before they attend his concert. The tickets, which provide the wish kids and their families prime seating, are generously purchased by Bieber.In addition to Bieber’s wish granting efforts, he has made significant contributions to the organization. In 2012, he earmarked Make-A-Wish as a charity of choice for his Believe Campaign and donated a portion of proceeds from sales of his Christmas album as well as perfume sales during the holiday season.“Despite his relentless schedule, Justin has been genuinely committed to granting wishes since the very beginning and a strong supporter of Make-A-Wish,” said David Williams, president and CEO of Make-A-Wish America. “Justin understands the impact on a child of a wish-come-true and how it can create positive changes in their outlook, help them feel better, and even influence their health.”In 2011, Make-A-Wish presented Bieber with the Chris Greicius Celebrity Award, one of the most prestigious awards the organization gives out each year. As his popularity continues, Bieber and his team will continue to create smiles and life-changing memories in the months and years to come as there are many more wish kids scheduled to meet him in the future.
CALGARY, A.B. – Canada’s oil industry is expected to be back in the black this year thanks to higher oil prices and more production after registering three years of losses.But the Conference Board of Canada says the recovery will be modest and ongoing pipeline capacity problems will likely continue to result in Western Canada’s oil production selling for discount prices.Michael Burt, director of industrial economic trends, says the oil industry will register pre-tax profits of about $1.4 billion this year after a string of losses since prices crashed in 2014. He says the profits are partly the result of efficiencies in the use of labour that are expected to continue to limit hiring. The industry is expected to create just 2,150 new jobs over the next five years.Total crude production in Canada is forecast to rise by an average annual rate of 3.4 percent between 2018 and 2022, with most of it coming from the Alberta oilsands.Industry revenues are forecast to increase by about eight percent in 2018.“We’re talking about a shift back to being in the black for industry but margins are still quite thin,” Burt said.“So it’s obviously good news but for the industry it’s not a level of profitability that they would like to see to earn a sufficient return on their capital.”(THE CANADIAN PRESS)
FORT ST. JOHN, B.C. – In less than six months after stepping into the breach created by Greyhound’s departure on October 31, Cold Shot Bus Lines is expanding services to Fort St. John.According to Cold Shot President, Sunny Balwaria, the Company will offer a cross-border route to Dawson Creek and Fort St. John, servicing the Peace Country.“We’ve added several new features for Peace Country customers. We have a new cross-border route to Dawson Creek and Fort St. John via Grande Prairie that will take passengers and freight to those points.” Balwaria also says that Cold Shot will be offering shuttle services to important points of interest, such as airports and hospitals.“In addition, we’ve added a stop for Fort St. John passengers at Grande Prairie’s QueenElizabeth II hospital, as well as a shuttle connection to the Edmonton InternationalAirport that enables airline passengers from Fort St. John to go directly to that airport.”Cold Shot is an Alberta-owned transportation company operating since 2005.For more information, you can visit Coldshot.ca.
Islampur: Trinamool Congress supremo Mamata Banerjee said Hindusthan will be set up through the Lok Sabha election and not Modisthan or BJPsthan. She was addressing a rally here on Tuesday afternoon.Banerjee said Modi and BJP are talking about a religion which is not Hinduism. “Hinduism talks about tolerance and acceptance and they are talking about hatred. In the name of preservation of cows, many people have been lynched. They are spreading hatred everywhere. This Hindusthan is Modisthan and BJPsthan. We do not want this. We want a Hindusthan where people will live peacefully and there will be communal harmony and peace,” she said, adding: “BJP is inciting one religion against the other and in the name of religion, they have unleashed a reign of terror. We want to come out of this,” she maintained. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaReferring to Modi and BJP national president Amit Shah as Duryodhan and Dushshashan, she said: “The duo has come to destroy the social fabric in our country. Never in the past have I seen so much hatred and disrespect for others. This is not Indian tradition. Indians are respected for their tolerant views.” Banerjee said the SC, ST, minorities and dalits will vote against Modi. “The SCs, STs and Dalits have been tortured in different areas. In Jharkhand, they have been thrown out from their land. In Uttar Pradesh and Assam, Muslims have been tortured by BJP workers and the state governments do not take any action against them,” she said. Also Read – Bengal civic volunteer dies in road mishap on national highway”They should first see the law and order situation in their own states before commenting on the situation in Bengal. They come to Bengal to disturb the areas. They incite the people living in the hills against those living in the plains to win elections,” Banerjee added. The Trinamool supremo said demonetisation has affected poor people and farmers badly. “Over two crore people have lost their jobs and 12,000 farmers have committed suicide after failing to pay loans. People have stood in long queues to withdraw their own money from the banks. Modi had said note ban will stop circulation of money among terrorists, but in reality terrorist attacks have been the highest during Modi’s time,” she said. Banerjee questioned why no action was taken to save the lives of the jawans in Pulwama despite prior information, adding: “It’s a matter of shame for BJP that its leaders are talking about the achievements of the Army in its election speeches.” “Just as Ma Durga had killed Asura, the women of the country will vote against BJP to oust Modi and set up a secular pro-development government,” she said.
In This Issue. * Pfennig problems. * China is not a currency manipulator. * India imports Gold! * China’s reserves fall, no worries. And Now. Today’s A Pfennig For Your Thoughts. After A Down Day, The Dollar Rebounds. Good Day! And a Tub Thumpin’ Thursday to you! What an awful day, and I didn’t have to deal with most of it, poor Chris, who was in Miami for a conference did. So, front and center this morning, I apologize for the tardiness of the Pfennig delivery yesterday. Remember, in the letter yesterday, when I said, if I can get through the letter without breaking my laptop it would be a good thing? Well, I done broke it! And there I was in a remote location, and my backup was traveling to Missouri, and his back up is out this week, and I thought. OH NO! So, it eventually got out, thanks to Chris, and the people in Jacksonville, that had to figure out what it is a I do every day. So, our IT Guru, Jeremy, met me this morning, yes, that early, and got me going with a new laptop, and now he’s attempting to salvage what he can from my old one. So, all my funny words that I use, will have to be told to accept them with the new laptop, and so on. The Temptations are singing: The way you do the things you do, on the IPod, which is always a happy song, and a good one to get me going this morning, as I bumming from the Cardinals loss last night. Now that you’re all up to date with the goings on in my life, we can get to business. At the top of the agenda this morning, is the performance of the dollar VS the currencies. For the most part, the dollar has the conn this morning, pretty much like most mornings lately, eh? The dollar doesn’t have the conn over the Chinese renminbi, or Gold, but the rally in Gold is not much and could be turned around in a heartbeat. It’s not like we haven’t seen that happen even in the face of huge rallies. right? But yesterday was a different story, as the currencies, led by the euro once again like in the “old days”, pushed the dollar down. U.S. stocks got whacked, and the Treasury market rallied. Get this. 10-year Treasury yields are now below 2%!!!! BELOW 2%!!!! Let me tell you something about this HUGE rally we’ve seen in Treasury yields this past month. The bond guys (& girls) have their fingers on the pulse of the U.S. economy. They always have, and didn’t like having the conn in bonds taken away from them by the Fed, during their 5 years of Quantitative Easing / QE. For instance, for more years than I care to mention, it was a given that an inverted yield curve for Treasuries, indicated that a recession in the U.S. was on the way. And when Bond traders rally bongs, which means bond prices go up, and yields go down, it simply means they don’t see good things for the economy. So, what are the bond traders telling us now? Well, unless there’s outside interference from the Fed, which I don’t believe there is, except for their remaining tid-bits of QE that will be wiped clean at the end of this month, according to the Fed, what we have here in the U.S. is an economy that’s going nowhere, despite what the Fed members, the economists, and flag wavers for the Gov’t, tell us, the bond traders are not buying it. Of course I never did buy it. The bond guys could have just checked with me and I could have saved them the losses they incurred when Treasury yields rose from 1.80% to 3%… Because look at them now? They’re back below 2%… And that all plays nicely in the sandbox with my call last year that the Fed will not be away from the QE table very long, before they come back to administer more QE to this going nowhere economy. And when they do that, I feel that the markets will come unglued. They will feel as though the Fed mislead them, and will take away credibility the Fed had built up. That won’t be a good thing for the dollar in my eye. But for now, we deal with the Clingons. You know those clinging on to the idea that this is going to be a multi-year rally for the dollar. That’s OK, we’ve had to deal with these Clingons in 2005, 2008, 2011, and again now. And they pack a powerful punch when they have the conn, like they do now. And will continue to have until the rest of the markets catch up with what the bond guys are telling us. And what Chuck has told you for some time now. Well, the price of Oil is another indicator to me that the economy is in dire need of a blood transfusion. The price of Oil has dropped $10 in the past week and now appears to be ready to slide below $80. This drop has been swift and deep, and has my head spinning. Yesterday, I told you about my old Navigator, and how much I love driving that car, well, if the price of Oil keeps falling, thus the price of gas keeps falling, I’ll have to seriously consider getting rid of what I have, and going back to a Navigator! Go Big or Go Home! HA! And please don’t send me nasty emails about me wanting to drive a gas guzzling SUV. I don’t put 7,000 miles on a car in a year! So, I didn’t see it, because I was in airplanes and airports yesterday, but the currencies and metals rallied, with the euro about 3/4’s of a cent, but that’s all be wiped out this morning. strange happenings, eh? The U.S. Retail Sales data for September, was, as I told you to expect it would be, disappointing. With the headline Sales falling -.3%… And when you back out car sales, Sales fell-.2%, and when you back out car sales and gas Sales fell -.1%… And when you back out. no, I’m just kidding, but you get the picture I’m painting here, right? The data collectors just keep making adjustments until they get a number they like. Pretty soon, we’ll see something like this: Retail Sales, minus cars, gas, TV’s, stereos, cell phones, and fast food restaurants, were.. And no one will complain, and point out the ridiculousness of this. no one but me! Well, I told you above that the Chinese renminbi / yuan is the only folding currency with a gain VS the dollar this morning. I guess the Chinese breathed a sigh of relief, when the U.S. Treasury announced that China was a “currency manipulator”, and therefore allowed the renminbi / yuan to appreciate. The U.S. Treasury folks were feeling their oats a bit when making this announcement, and decided to go further and say that “China has shown renewed willingness to let their currency strengthen.” They also decided to say that they “believe the currency remains significantly undervalued.” Well, I have to say that I agree with the second part of the comment, but the first part. Hmmm. Well, if the Chinese told the U.S. Treasury that they are willing to let the currency strengthen then so be it. But I doubt the Chinese told them that. The Chinese are in no mood to share their thoughts on what the renminbi / yuan will do, as they have no idea what the global economy is going to do. If the Global economy is going great guns, then the Chinese will have no problem allowing the renminbi to appreciate along with the global growth. And vice versa, should the global economy slowdown, which, by the way, I believe is going to be the case for 2015. Why did I say that? Well. you know how I explained the bond markets above and its relationship with the economy? Well, the Aussie dollar (A$), to me, has always been the proxy for global growth. As the A$ goes, so goes global growth. And I’ve been very disappointed in the A$’s downward move in the past few months. And we can blame the Central Bank influence around the world. I talked at end about this Central Bank influence yesterday, so won’t spend a lot of time going through it again, but the CFA just printed their latest survey, which asked, “Over the next few years, will Central Banks succeed in reducing their involvement in markets while enabling economies to flourish on their own?” And 64% of the respondents said “NO”, while 18% said “yes” and 18% weren’t sure. These CFA guys are smart cookies folks. Our Chris Gaffney is a CFA, and that’s how I get to see these notes from the CFA. I tell you about the CFA guys just so you get the picture that these guys think like me, that this Central Bank influence is not going away. Speaking of Central Bank influence, I would have to think that the risk of intervention to sell the N.Z. dollar/ kiwi by the Reserve Bank of New Zealand (RBNZ), is still high. and that’s why kiwi just can’t seem to catch a bid these days, even though we all know, well, at least I think we all know, that the RBNZ is still looking at 2 to 3 more rate hikes next years. Usually knowing that would get market participants all lathered up, and buying on any dips. But having this RBNZ threat of intervention hanging over kiwi like the Sword of Damocles is too much for the currency buyers to handle right now. And the Queens of Central Bank influence (The U.S. Fed is King) the Bank of Japan (BOJ) and its Gov., Kuroda, was out last night letting the markets know that he’s not happy with yen strength. Of course he camouflaged that by saying that “volatility in either direction is FX markets is not welcome.” He doesn’t fool me, and I know what he’s talking about. yen has rallied from 110 just 10 days ago to a 105 handle, that’s a cool 4.5% increase. And that’s not what the BOJ, or the Japanese Gov’t want to see the yen doing. Remember, they want a weak yen to introduce inflation into their economy. Same B.S. that most Central Banks are pulling so they can run away from deflation. Japan remains a basket case to me folks, and therefore this rally to 105, is just window dressing, or curb appeal, or even better yet, rearranging the deck chairs on the Titanic! There was some other news out of China overnight. China’s currency reserves were reported to have fallen below $4 Trillion, to $3.89 Trillion This is the biggest QTR to QTR drop on record. But before you go acting like Chicken Little, let me tell you how this is all calculated. You see, when you hold currencies in reserves or in your account, the value of the account will fluctuate with the value of the currencies you hold, you may or may not add or subtract any money but your value will go up or down, and that’s what probably is the bulk of the move down in Chinese currency reserves, that the currencies they hold have lost value. And so their balance slips downward. So, move along, these are not the droids you’re looking for. Germany’s Central Bank, The Bundesbank, and its President. Weidmann, will speak today on something that is quite up to date and of mind. “The Changing International Monetary System”. Remember Weidmann has been European Central Bank (ECB) President Mario Draghi’s biggest nemesis. So, look for Weidmann to take this opportunity to take a shot at all-out QE, which Draghi wants to implement in the Eurozone.. The A$ has lost a full cent this morning. The move is huge and crazy.. It was reported overnight that the Reserve Bank of Australia (RBA) sold 910 Million A$’s last month, but the RBA says it was a part of their normal Gov’t dealings to iron out trade flows. Hmmm. I think the markets don’t believe them and believe that this was nothing more than FX intervention, and therefore decided that if the RBA is selling A$’s then they should too! There’s another story this morning on the A$’s weakness that is interesting. The Bloomberg has a story on how Japanese household investors are losing their appetite for A$ bonds. And looking elsewhere for yield differential, and guess where they have been going? You’ll never guess, so I’ll just tell you. According to the Bloomberg story this morning, “investors are rotating out of A$ bond into the Turkish lira. That’s right. Turkey! I think that plays nicely in the sandbox with what I printed the other day from my good friend, Dennis Miller, as he talked about how seniors here in the U.S. have had to switch out of safe investments into risky stocks and bonds. Well, isn’t that the same thing the Japanese household investors are doing? Why, yes it is! The U.S. Data Cupboard is chock-full-o-data today, and has two of my fave prints, Capacity Utilization and Industrial Production. These two might recover a bit from the August print which was negative, but the risk here is that they don’t. We’ll also see the TIC Flows, which is a pulse of how much foreigners are buying U.S. bonds. which the last time this printed it was a negative number! And then there are a bunch of 2nd and 3rd tier reports that will print that the markets will shrug off. And Gold. Well, I’ve been on track getting you the import numbers of China and India this past week, and today, I received word that India’s Gold imports jumped 450% to $3.75 Billion in September. VS $682 Million a year ago. The thing to think about here is that India’s Trade Deficit which had been falling because of the lack of Gold Imports is on the rise again. And that’s not a good thing, for India, but that’s not what I wanted to highlight here, I wanted to highlight the that India still desires physical Gold. yes, the price has dropped tremendously in the past couple of years, but does that mean we should forget about all the risks in the markets and throw our Gold out? I don’t think so, folks. For What It’s Worth. I hate to beat a story to death folks. but this is something I’ve been harping about for a year now, and if finally appears that others are catching on. Today’s it’s Ambrose Evans-Pritchard over at the U.K. Telegraph. You can read the whole article here, I have a couple of snippets for you that touch on what I want. you can read it all here: http://www.telegraph.co.uk/finance/economics/11165982/World-economy-so-damaged-it-may-need-permanent-QE.html “Combined tightening by the United States and China has done its worst. Global liquidity is evaporating. What looked like a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. The latest investor survey by Bank of America shows that fund managers no longer believe the European Central Bank will step into the breach with quantitative easing of its own, at least on a worthwhile scale. Markets are suddenly prey to the disturbing thought that the five-and-a-half year expansion since the Lehman crisis may already be over, before Europe has regained its prior level of output. That is the chief reason why the price of Brent crude has crashed by 25pc since June. It is why yields on 10-year US Treasuries have fallen to 1.96pc, and why German Bunds are pricing in perma-slump at historic lows of 0.81pc this week. We will find out soon whether or not this a replay of 1937 when the authorities drained stimulus too early, and set off the second leg of the Great Depression.” Chuck again. I hate to be the bearer of bad news. But I love to be the one to tell you there is going to be bad news before it hits, so you can take precautionary measures to heart. Or you can laugh at me, and call me the boy who cried wolf. But this lack of liquidity is coming folks. I can feel it in my bones. even the titanic one that acts as my femur! To recap. Chuck goes through a long explanation of why the Pfennig was so late yesterday, but thanks to Chris, and others it finally got out. And then the currency rally yesterday, has ended badly overnight and this morning with the dollar back in control. The dollar fell yesterday on the very disappointing U.S. Retail Sales report.. China was not named a currency manipulator, and Chuck thinks they breathed a sigh of relief (NOT!) but allowed the renminbi to appreciate overnight. And India is back to importing, at least for one month, large sums of Gold. The physical metal is still in demand, folks.. Currencies today 10/16/14. American Style: A$ .8705, kiwi .7905, C$ .8825, euro 1.2740, sterling 1.5990, Swiss $ 1.0565, . European Style: rand 11.1635, krone 6.6445, SEK 7.2185, forint 242.37, zloty 3.3175, koruna 21.6045, RUB 41.10, yen 105.85, sing 1.2750, HKD 7.7565, INR 61.83, China 6.1395, pesos 13.63, BRL 2.4865, Dollar Index 85.30, Oil $80.39, 10-year 1.98%, Silver $17.35, Platinum $1,241.50, Palladium $745.75, and Gold. $1,238.59 That’s it for today. Well, backs up against the wall for my Cardinals. 2 years ago, we had the Giants at 3 games to 1, and had Game 5 at home and allowed them back in, and they went on to win in 7. Time to reverse the tables, eh? Again I want to thank Chris for all his work getting the Pfennig out yesterday while he was in Miami (but I don’t want to go to Miami HA!) and the Jacksonville folks who also made it finally happen. We’ll see in a couple of minutes if I can get it out the door. I brought the sunshine from Florida back to St. Louis with me yesterday, a little warmer temps, as the St. Louis area has been weather fit for a duck, they tell me! Glad I missed that! I had a present waiting for me when I came in today. Thank you Jane for the wonderful gift and nice note to me! Always nice to return to gifts! A few of the people, Suzan and April Showers have stopped by to tell me Welcome Back. They didn’t say they missed me though, so I guess I wasn’t gone long enough! Next time, I’ll take care of that! HA! So, let’s go out and make this a Tub Thumpin’ Thursday, eh? The sun is coming up, it’s going to be a glorious day! Chuck Butler President EverBank World Markets
The Arts Council has announced that it is to spend more than £2.5 million on a programme that aims to increase the number of disabled people in senior leadership roles in England’s arts and cultural organisations.The £2.57 million Change Makers programme, which is also aimed at black and minority ethnic potential leaders, will provide bursaries to fund training placements for nine disabled leaders.Arts Council England (ACE) hopes the bursaries will allow them to gain the necessary experience, knowledge, skills and confidence to compete for future posts as artistic directors, chief executives or other senior positions.One of the disabled people who has secured a grant is artist and arts leader Jess Thom, already well-known through her performing alter ego Touretteshero.She will work with Battersea Arts Centre on an 18-month senior leadership training and development placement, where she will pilot a “relaxed venue” that will take “an inclusive approach at every level”, work on a major new production that will premiere next autumn, and curate a week-long “relaxed festival” at the arts centre in spring 2018.Amit Sharma, currently associate director of the disabled-led theatre company Graeae, will join The Royal Exchange Theatre in Manchester as associate artistic director for 18 months, where he will direct two productions, and join the theatre’s senior management team.Hannah Kayi Mason, an emerging black and disabled leader in the visual arts, will work with The Art House and other artists and arts organisations on a series of co-productions and solo projects.Another of the nine is James Rose, who has secured a training placement at Bournemouth Symphony Orchestra (BSO), with the help of a private donation.Over 18 months, from June 2017, he will create, curate and direct a new ensemble of disabled and non-disabled musicians, which he will conduct, and which will deliver a series of performances and workshops across the region.Rose (pictured), who uses a head-baton to conduct, said: “The prospect of developing a new ensemble for the BSO comprising of players with and without disabilities is an exciting one.“This will not only provide a platform for new talented musicians, but it will also be used as a vehicle to inspire those who have disabilities to engage with classical music – whether it be playing or listening.”Abid Hussain, ACE’s diversity director, said: “We’re committed to ensuring the diversity of England is better reflected at a leadership level across the arts and cultural sector.“Through our Change Makers programme, these 20 disabled and black and minority ethnic leaders will have an inspiring and transformational opportunity to realise their leadership potential, giving them the confidence and the experience to take their next step into a senior leadership role, helping to shape the future of our sector.”Picture by Hanazushi Rhodes, Royal Academy of Music
A disabled woman who took her own life after being told she had lost a benefits appeal had written a letter to civil servants describing the unfairness of the face-to-face assessment that had led to her losing her support.The Department for Work and Pensions (DWP) took just six days to decide her initial appeal, not long enough for Susan Roberts (pictured) to submit any evidence that could have backed up her claim for personal independence payment (PIP).A DWP civil servant even told her – in a letter dismissing this initial appeal, known as a mandatory reconsideration – that there was no evidence that she could have submitted that would have changed her mind.Two months later, she received another letter, this time telling her that a tribunal had also rejected her appeal.The body of Susan Roberts was discovered the following day by a care worker at her warden-assisted flat near Tunbridge Wells, Kent, surrounded by letters telling her that she would not be entitled to PIP.She had also placed a note by her side that informed healthcare professionals that she did not want them to attempt to resuscitate her.An inquest into the 68-year-old’s death did not record a verdict of suicide, but her daughter is convinced that she took her own life, because of the way she died, and because her body was discovered surrounded by her PIP paperwork and the “do not resuscitate” notice.Hayley Storrow-Servranckx is convinced that her mother would still be alive today if it was not for the flawed PIP system, and the assessment she had been given by an Atos healthcare professional. Disability News Service (DNS) first reported on the case last week but has now seen the letters Susan Roberts left beside her when she died.She had previously received an indefinite award of disability living allowance, at the higher rate of mobility and the low rate of care, but the documents show that she was told by DWP on 19 February 2016 that she was not entitled to PIP.She scribbled several notes on this letter, showing where she disagreed with the conclusions that had been reached following her face-to-face assessment.The documents suggest that the assessor – and then the DWP decision-maker – decided that she could wash and bathe unaided, manage her own toilet needs without any help, express and understand verbal information and engage with other people unaided, walk more than 200 metres, and plan and follow the route of a journey without help, and could do all of these things safely, reliably and repeatedly.But she said that she could not do any of these things.Among the documents seen by DNS is a letter she wrote on 29 February. It appears that she had intended to send it to the DWP decision-maker who was considering her mandatory reconsideration.But a DWP notification that told her that the mandatory reconsideration had already been rejected appears to have arrived before she had a chance to send her letter.DWP had taken just six days to reject her appeal, with a civil servant telling her that “it was not felt any further evidence we received would change the findings based on your assessment”, and again giving her zero points for every single PIP criteria.In her letter, she had written: “I request that you read this through carefully – this is my life after all, and I am in a considerable state of depression at the moment, after receiving your decision about my claim for PIP.”She describes the impact of ME on her daily life, which she said provided a window of just two or three hours every day in which she was free of symptoms such as exhaustion, dizziness and inability to concentrate.She says she has chronic, progressive ischaemic heart disease, and was experiencing “excruciating pain” from a gall bladder that could not be removed because of her heart condition.Her letter also describes how a care worker visited her every day to provide painful rectal irrigation and then give her a shower, how she was deeply depressed and had been so “for a long time”, and that her doctor knew that she wanted to die.It also says that she would be “virtually housebound” without her Motability vehicle – which she had had to return after losing her higher rate mobility benefits – and that she had been considered too ill to work since 2001.She says in the letter: “The over-riding problem I have is that my ME – for 80 per cent of every day of my life – renders me incapable of all else except deep and prolonged sleep!!“When I first had a DLA car, I had good days and bad days – I do not have anything but bad days every day now.”It is not clear whether this or any other similar letter were ever posted, but she asked the tribunal to hear her appeal based only on written documents, and she was told, in a letter sent on 17 May, that that appeal had been rejected.The tribunal had granted her six points for her daily living needs, not enough to claim even the standard daily living rate of PIP, and zero points again for mobility. By this time she had had to return her Motability car.She took her own life on 19 May, which it is now believed was just a day after she received the letter from the tribunal.There have been many cases involving deaths connected with claims for out-of-work disability benefits and the work capability assessment (WCA) system, but this appears to be the first time a death has been closely linked to someone losing their support in the move from DLA to PIP.DNS has now collected many more than 100 cases of PIP claimants who have raised serious concerns about their assessments, following a two-month investigation that suggests an institutional problem that spreads across DWP and the two private sector contractors – Atos and Capita – that assess PIP eligibility on its behalf.Last week, a DWP spokeswoman insisted there was “no evidence to suggest any link” between the death of Susan Roberts and her benefit claim, and that neither DWP nor Atos believed they had made any mistakes in this case, pointing out that the independent tribunal had “upheld the original decision”.It had failed to comment on the latest information by noon today (Thursday).Atos does not currently respond to requests to comment on stories from DNS.
Citation: US authorities reel in StarKist in canned tuna scandal (2018, October 18) retrieved 17 July 2019 from https://phys.org/news/2018-10-authorities-reel-starkist-canned-tuna.html Explore further StarKist, whose mascot Charlie the Tuna has long been a fixture in American supermarkets, agreed to plead guilty and pay a fine of up to $100 million for conspiring with other companies to fix prices of canned tuna, the Justice Department announced Thursday.StarKist representatives engaged in discussions and meetings with other packaged seafood firms to manipulate prices from as early as November 2011 and as late as December 2013, according to a statement.”The conspiracy to fix prices on these household staples had direct effects on the pocketbooks of American consumers,” said US Assistant Attorney General Makan Delrahim. “All Americans have the right to the benefits of free and open competition—the best goods and services at a price free from collusion.”StarKist, which is owned by South Korean company Dongwon Industries, agreed to cooperate with the investigation. Its exact fine will be determined at a sentencing hearing.StarKist joined Bumble Bee Foods in pleading guilty in the scam. The Justice Department’s announced in May 2017 that it was fining Bumble Bee $25 million for its role in the conspiracy.A total of six charges have resulted from the crackdown so far, including some executives who propagated the scam, the agency said. Charlie the Tuna was netted by US authorities as part of a canned tuna price fixing conspiracy, as Korean-owned StarKist was fined up to $100 million © 2018 AFP The US crackdown on price fixing has netted another big fish in canned tuna, the Justice Department announced Thursday. US fines Hitachi-LG disk drive firm for price fixing This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Other Galleries 6 images Thu, 04 Jul, 2019 Devotees take part in annual Jagannath Rath Yatra| See pics 6 images Tue, 02 Jul, 2019 In Photos: Security personnel conduct route march after clashes in Delhi’s Hauz Qazi 7 images Mon, 01 Jul, 2019 Mayhem of Mumbai rains in photos 3 images Sat, 29 Jun, 2019 Madhya Pradesh politicians talk about need for youth in politicsOther Photogallery CategoriesIndiaMoviesLifestyleTelevisionAdd new comment Your name * E-mail * The content of this field is kept private and will not be shown publicly. Comment *More information about text formatsPlain textNo HTML tags allowed.Web page addresses and e-mail addresses turn into links automatically.Lines and paragraphs break automatically.Set As Featured: Set As Featured647x363: 483×271: 370×208: 170×96: 88×50: Section: PhotoIndiaGallery Image: Image: Credit/Source: REUTERSCaption: A special 50-wagon train, carrying water from Tamil Nadu’s Vellore district, reached Chennai on Friday.Thumb Image: Enable: EnableOrder: 1Image: Credit/Source: Jaison GCaption: Each wagon has capacity to carry 50,000 litres of waterSyndication: SyndicationThumb Image: Enable: EnableOrder: 2Image: Credit/Source: Jaison GCaption: Earlier, Tamil Nadu Chief Minister K Palaniswami announced the state government’s plans to transport 10 million litres of water daily by rail from Jolarpettai to meet the needs of parched Chennai.Syndication: SyndicationThumb Image: Enable: EnableOrder: 3Image: Credit/Source: Jaison GCaption: K Palaniswami said that sum of Rs 65 crore had been allocated for this purpose.Syndication: SyndicationThumb Image: Enable: EnableOrder: 4Image: Credit/Source: Jaison GCaption: The train was flagged off from the Jolarpettai station on the morning of Friday.Syndication: SyndicationThumb Image: Enable: EnableOrder: 5Image: Credit/Source: Jaison GCaption: A trial run was conducted successfully on Wednesday from Mettu Sakrakuppam pumping zone to filling point at Jolarpettai railway station.Syndication: SyndicationThumb Image: Enable: EnableOrder: 6Image: Credit/Source: Jaison GCaption: Local bodies minister SP Velumani participated in the function when the wagon arrived at the station.Syndication: SyndicationThumb Image: Enable: EnableOrder: 7Tags: ChennaiDroughtTrainSource type: photogalleryShort description: The special water train that reached Chennai, Tamil Nadu on Friday was was flagged off from the Jolarpettai station on Friday morning.Preview_unique_id: preview_5d28a431b99681562944561_1567893_editCommentContent Publish date: Friday, July 12, 2019 – 20:30Story Extra Data: eyJzZWN0aW9uIjpbIjEyMDY1NzgiLCIxMjA4NTIxIl0sImNhdGVnb3J5IjpudWxsLCJzdWJfY2F0ZWdvcnkiOm51bGwsInN1Yl9zdWJfY2F0ZWdvcnkiOm51bGwsInN1Yl9zdWJfc3ViX2NhdGVnb3J5IjpudWxsLCJwcmltYXJ5X2NhdGVnb3J5IjoiMTIwNjU3OCJ9770x433: Short Headline: Special tanker train reaches drought-hit Chennai with water: IN PHOTOSApp headline: Special tanker train reaches drought-hit Chennai with water: IN PHOTOS1200x675:
Press Trust of India New DelhiJuly 12, 2019UPDATED: July 12, 2019 19:16 IST The accused used to dupe people of their money on the pretext of helping out the customers during the rush hours. (Reuters photo used for representation)Two men have been arrested here for allegedly swindling people out of their cash on the pretext of helping them make deposits into their bank accounts using machines, police said Friday.The accused, identified as Jitender Mehto (32) and Baccha Lal Kumar (19), are residents of the same village in Bihar’s West Champaran district, they said.”They were arrested on July 4 at around 2 pm when they again came to target people at a bank branch in Bhogal,” Deputy Commissioner of Police (Southeast) Chinmoy Biswal said.The complaint was filed on June 7, police said.They said the complainant alleged that on May 27, while he was depositing Rs 45,000 into his account using the machine installed at the bank branch in Bhogal, two persons came there and on the pretext of helping him, swindled him out of his cash.The duo was arrested after police scanned CCTV footage of the premises where the incident took place, they said.The interrogation revealed that the accused used to work as labours in West Bengal and few months back, they met one Babu, who was also from their village and used to work in Delhi, police said.Babu used to dupe people using same modus operandi. He allured Mehto and Kumar to work with him, Biswal said, adding that they used to pay 20 per cent commission to Babu and he had assured them to provide support in case they get arrested.On the pretext of helping out the customers during the rush hours, the accused used to dupe people of their money, he said.While helping out the targets in depositing their cash, the accused secretly used to press the “add transaction” button on the machine and then would tell them that the deposit was successful, the DCP said.However, as soon as the target left the premises, the accused pressed the “cancel” button, resulting in a failed transaction due to which the cash would come out of the machine, police said.Also Read | Class 7 dropout from Hissar spirits away Rs 3,000 crore by cheating 20 lakh peopleAlso Read | Banker wife dupes husband of Rs 45 lakh in PuneFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byChanchal Chauhan 2 held for swindling money from people on pretext of depositing cash into bank accountsThe accused, identified as Jitender Mehto (32) and Baccha Lal Kumar (19), are residents of the same village in Bihar’s West Champaran district.advertisement Next