Peter Landesman is used to tackling tough subjects. The former New York Times Magazine journalist has written about everything from Russian arms traffickers to genocide in Rwanda. So perhaps it’s not surprising that he sounds non-plussed when he talks about doling out some harsh blows to the NFL in his new film, Concussion. Based on a true story, the film stars Will Smith as Dr. Bennet Omalu, a forensic pathologist who first diagnoses C.T.E., a degenerative brain disease linked to repeated head blows, in 2005. Omalu discovered several cases of C.T.E.-amongst former NFL players whom he performed autopsies on, a number of whom had ended their lives in suicide. He, and the film, attack the NFL for initially denying any connection between C.T.E. and football players, and trying to discredit Omalu’s findings. advertisement advertisement “[NFL commissioner] Roger Goodell doesn’t really worry me that much,” say Landesman, who wrote and directed the … [Read more...] about How Writer/Director Peter Landesman Took on the NFL With ‘Concussion’
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Debt-laden Essel Group, promoter of Zee Entertainment, is looking to sell up to 16.5 percent stake in the media company.After the transaction, Essel's holding will come down to five percent in Zee, out of which encumbered holding will be 1.1 percent."Essel Group will be left with token stake and they will have financial interest in Zee," said Utkarsh Sinha, Managing Director, Bexley Advisors.Close While Sinha said that the 16.5 percent stake sale was an unexpected outcome, it is one among the few good options available."This way, the sale would proceed in an orderly fashion which is critical for maximising value," he said.He added that stake sale to financial investors is the best possible outcome they (Essel Group) could have hoped for given the fact that Zee shares have tumbled.On October 19, Brickwork Ratings downgraded Zee's six per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating.The rationale behind the downgrade was deteriorating … [Read more...] about Essel Group to lose controlling stake in Zee Entertainment
While a debate is going on whether the RBI should do more to ease credit to MSMEs, officials said the central bank has provided special training to nearly 11,000 officers at various commercial banks on lending to micro, small and medium enterprises. This training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 special workshops in the last three years, officials said.These are mostly specialised bank branches catering to the MSME sector where this multi-level training has been provided, covering branch managers, senior officers and even faculty members of staff colleges who can further pass on the training to the bank employees.Most importantly, the training exercise was executed in consultation with the government, including with the active involvement of the MSME ministry and the RBI's objective has been to create a conducive environment to help these small entrepreneurs and companies avail easy and faster … [Read more...] about RBI trains 11,000 bank officers on MSME credit, nearly 3,000 branches covered
Amol AgrawalThe Reserve Bank of New Zealand (RBNZ) has long been a pioneer of many things in central banking. The RBNZ pioneered the practice of inflation targeting 30 years ago in 1989 which soon became a gold standard for central banking worldwide. After the 2008 crisis, it continued to be a pioneer in both monetary policy and financial stability.The RBNZ has made another recent change which is interesting and worth exploring for other central banks.Close Till November 2018, the RBNZ senior management comprised one governor, one Deputy Governor (in charge of financial stability) and two assistant governors — one responsible for economics and the head of operations. On November 2, 2018, the central bank reorganised itself and this led to number of assistant governors increasing from two to five. The new functions given to the three new AGs were: governance, strategy and corporate relations; people and culture and chief financial officer. related news RBI supersedes … [Read more...] about Banking | Should RBI have a Deputy Governor based outside Mumbai?
Check out all of our 2019 Innovation by Design winners and honorees here, and read more coverage of the winning designs here. advertisement The nail gun seems like the perfect invention—just pull a trigger to drive metal into wood—but current models are either tethered to a bulky air compressor or require a mix of butane cells, lithium-ion batteries, and even explosive charges to do the job. The Airbow Framer is driven solely by air stored within the device, utilizing what the New Zealand–based company has dubbed Hammerforce technology. “The mechanism is a fast valve that gives precise control over ultrahigh-pressure air,” explains Richard Evans, COO of Airbow. Hammerforce directs a single gram of air onto a nailhead to drive it into wood. Currently sold exclusively in New Zealand, the device can fire up to 300 nails, as quickly as 3 nails per second, and can be charged to 80% capacity in under 10 seconds with Airbow’s air compressor. The … [Read more...] about A New Zealand company has created a truly portable nail gun