New 55 million dollar investment by Grace Bay Resorts

first_img Related Items:#magneticmedianews, #newdevelopmentforProvo, #RockHouse Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, May 19, 2017 – Providenciales – A $55 million dollar investment by Grace Bay Resorts will bring a new luxury tourism experience to Providenciales and they are calling it Rock House TCI.    It will mean up to 250 full time jobs during construction within a year, and 120 jobs at the residence resort when all of the work is done in three years.    Executives of Grace Bay Resorts held an announcement event despite the muggy weather on Wednesday and showed off what will be one of the more amazing features of the newest property to come along the rocky shores down Cherokee Road, which is near the Leeward Highway location of ScotiaBank.   That feature, an uninterrupted and elevated view of Provo waters.    Mark Durliat is the CEO and promised that the last thing their engineers are worried about is whether the design can be cradled in rocky ridge, and shared that at the end of construction, 74 keys will be available for guests in three residential designs.  On hand for the announcement was Premier Sharlene Robinson, who commended Grace Bay Resorts for expanding the tourism potential of Providenciales by being among the developers with faith in what International Drive can become for the destination.  Tourism Minister, Ralph Higgs was also there and echoed similar sentiments, saying the Rock House is the perfect example of what can be achieved with faith in the destination and that Grace Bay Resorts and its Grace Bay Club is very much a part of the world renowned success of Providenciales in the area of ultra-luxury living and escapes; he congratulated GBR on this latest investment. Minister Higgs guaranteed government support. Rock House Turks and Caicos has residences, which will double as resort rentals starting from $600,000 and is already with 35% commitment from the global marketplace.#MagneticMediaNews#RockHouse#newdevelopmentforProvo Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Under new management RBI to pay Rs 40000 crore dividend to government

first_imgReserve Bank of IndiaReutersThe Reserve Bank of India (RBI) is likely to give the government an interim dividend payout of as much as Rs 40,000 crore by March.”We are absolutely sure that an interim dividend of more than Rs 300 billion (Rs 30,000 crore) would be paid before March end,” a sources told Reuters.Another source apparently put the payout some at around Rs 40,000 crore. The report said the final decision on the dividend size would be taken around February 1 when Finance Minister Arun Jaitley presents the government’s budget.The move comes at a time when the government is seeking additional funds to bridge the fiscal gap in the run up to the elections.The agency also reports that the move assumes significance in the backdrop of the recent change of guard at the central bank. Last month, Former top finance ministry official Shaktikanta Das was appointed as the new governor of the RBI.Payouts to the governments was one of the key issues that roiled the relationship between former RBI governor Urjit Patel and the finance ministry.Jalan CommitteeAnother major point of conflict between the RBI and the government was increased restrictions on lending by banks swept into the prompt corrective action (PCA) programme. The government, wary of a credit crunch taking hold over the economy in the wake of the restrictions, was cut up over the RBI move.There were reports that the RBI leadership was wary of transferring a part of the huge central bank reserves to the government. The government later clarified that it was not after RBI reserves. RBI governor Shaktikanta DasIANSHowever, days after Patel quit, the government set up a committee headed by former governor Bimal Jalan to ascertain how much should be the ideal size of the RBI reserve capital, which is meant to deal with unforeseen liquidity crises.The RBI keeps about a fourth of its annual turnover as its capital reserve. As of the end of June 2018, the reserves were Rs 9.59 lakh crore. The finance ministry had sought to halve the reserve size to around 14 percent.The Jalan Committee faces the onerous task of taking a call on this.Both RBI and the finance ministry declined to comment on the development regarding the dividend payment, the agency reported.last_img read more

Blackowned DC Tech Firm Wins National Grant

first_imgAaron Saunders, CEO of Clearly Innovative, teaches mobile application course to a new generation of potential tech entrepreneurs. (Courtesy Photo)Clearly Innovative, a Black-owned tech firm in Washington, D.C., beat out 30,000 other businesses across the country to win a competitive $100,000 grant.Chase bank recognized, earlier this month, the Web and mobile development business as one of its 2015 Mission Main Street Grants recipients, making it the first Beltway-area recipient since the grant program’s inception in 2012. “It validates what we are doing because if a national organization picks us out of thousands of applicants, it should be clear that we are doing something right,” said Aaron Saunder, CEO of Clearly Innovative, told the AFRO in an e-mail.Clearly Innovative facilitates digital entrepreneurship by taking a client’s idea for a product and bringing it to fruition through Web and mobile technology. “You come to us with an idea on a napkin and we can work with you to make it a reality,” Saunders said.Perhaps more importantly, however, the company exposes non-traditional talent – particularly minorities who are rarities in the STEM fields – to opportunities in the tech world. In addition to teaching mobile development at Howard University, a historically Black institution in the District, Saunders also tries to expose young people to the tech arena through his company’s Luma Lab program.“We hire people with non-traditional background and teach them to be part of the Clearly Innovative team,” said Saunders.  For example, Clearly Innovative hires from the Summer Youth Employment Program in D.C. every year and it hired two developers from Howard University during the summer.“We also, through our Luma Lab initiative, teach about collaboration, innovation and technology,” he added. “We expose our students to technology from a problem-solving perspective instead of a pure technology perspective. We impress upon them that you don’t have to be a coder to be part of the tech ecosystem. There is a need for project managers, testers, designer . . .  all of these people make up a successful product team and they are not coding.”Saunders said he also provides non-technical information to his students, such as the peculiar challenges faced by minorities in the tech field and advice on how to traverse its rocky terrain. “We have struggled and I don’t believe we are as successful as we could be if there wasn’t an issue of diversity in the tech space,” Saunders said. Though thankful for the success, he added, “I know there are still many challenges ahead [but] I hope that I can be an example for other so that this process will be easier for those who follow.”Janis Bowdler, head of Community Development for Global Philanthropy, JPMorgan Chase, said Clearly Innovative was an ideal candidate for Mission Main Street, an initiative to increase awareness about the important role small businesses play in local communities and to help small businesses grow.  “Small businesses are vital economic pillars of local communities. The jobs, products and services provided by small businesses throughout the U.S. help build and sustain neighborhoods where people can thrive,” Bowdler told the AFRO.“Clearly Innovative’s profound commitment to youth outreach and development resonated deeply with our selection committee. This is a business that functions to serve both its customers and its community, and in doing so is expanding access to a lucrative skill set for young people in underserved areas,” Bowdler added. “The company’s unique combination of creativity, innovation and education is a business model Chase wants to celebrate and support.”Saunders said he plans to use the $100,000 grant to make their education initiative a full-time project instead of pulling resources from other tasks and requiring support from volunteers. “I believe that we are leading the way for the next generation; we are showing that you can run a business and give back no matter how small your organization is,” he said. “We are also showing that there are capable people of color who can work in the technology space.. . . The tech industry needs to make an intentional effort to increase diversity and it goes beyond shipping people of color out to Silicon Valley.”last_img read more

Spiking DC Violence Spurs Calls for Culture Change

first_imgWith two months left in 2015, as of Oct. 9 the District of Columbia has 120 homicides. That figure is 44.6 percent higher than 2014.Benjamin Crump, President of the National Bar Association.Across the United States, families, cities, and communities are grappling with a culture of violence manifested by tens of thousands killed each year by guns, mass murders on campuses, in workplaces and homes, and domestic violence perpetuated primarily against women.For the last three years, Stephanie E. Myers, national co-chair of Black Women for Positive Change, has spearheaded what is growing into a national effort to combat this pervasive violence. She, along with a number of supporters, kicked off the Week of NonViolence on the steps of city hall in D.C. The week of nonviolence is scheduled from Oct.17 to Oct. 25.“This is a very serious issue facing America,” said Myers at a press conference on Oct. 9. “We want to go on record that like Fannie Lou Hamer, we’re sick and tired of young people killed on the street, sick and tired of little girls murdered in their front yard, sick and tired of people attacking our schools, and sick and tired of law enforcement taking advantage because they have weapons and overstep their authority.”She said events and activities will take place in cities such as Pittsburgh, Los Angeles, Atlanta, Chicago, Alexandria and Hampton Roads, Virginia, and St. Louis, Missouri. These events would include a summit on Oct. 17, workshops and seminars and related activities throughout the week. “I believe that it’s time for families, youth, actors, professionals, athletes to come together and that we can change the culture,” Myers said.The regional steering committee for the week is comprised of Christian ministers and priests, Rabbis, Imams and members of other faiths. Alongside them are businesspeople, government officials, residents, and representatives of civil society.Several members of the committee expressed concern about escalating violence on various levels, including homicides in D.C., domestic violence in Prince George’s County, Maryland, and bullying in Alexandria, Virginia.“[Alexandria] Mayor [Bill] Euille and folks from the DMV are working hard to stop violence,” said Ward 5 Councilmember Kenyan McDuffie (D). “According the CDC, the leading cause of death [for young black men between the ages of 15-34] is homicide. I don’t know about you, but that’s a crisis. We need, as governments, to use every resource to stem the tide of violence.”“The culture of violence exists in some American communities,” McDuffie continued. “We cannot arrest ourselves out of this, which is why I advocate a health approach using workforce development, educational agencies, and law enforcement.”Benjamin L. Crump, the attorney representing the families of Trayvon Martin and Michael Brown, unarmed teens shot and killed by a vigilante in 2012 and a Missouri police officer in 2014, respectively, said, “We want to bring attention to dialogue to address violence that happens way too often.” Dr. Myers took leadership and action to stand up for the community, stand up for our children. I’d rather see a sermon rather than hear a sermon every day of the week. What she’s doing is not for the media or the government. It’s for the children.”Mel Franklin, chairman of the Prince George’s County Council, said the community has needed to hear some uncomfortable truths for a long time. “Prince George’s County has the highest incidence of domestic violence in the state of Maryland,” he said. “The overwhelming majority of cases is caused by men. It’s something we have to own up to. And make men and boys a part of this. How do we solve the problem and use of violence? We need to add men’s absence [from the home] and our own personal responsibility. We have to roll up our sleeves and think out of the box.”“Domestic violence knows no race class or division, knows no boundary,” Franklin continued. “We are caught in an inescapable network of mutuality . . . This is an opportunity for all of us to join together on an issue that is a clarion call to end violence.”last_img read more

Possible new explanation found for sudden demise of Khmer Empire

first_img Explore further Did Climate Influence Angkor’s Collapse? Now, work by a group of scientists indicates it may have been due to drought. The group, led by Mary Beth Day, an earth scientist with the University of Cambridge, is to have the results of their efforts published in a report in the Proceedings of the National Academy of Sciences. The Khmer Empire existed from the period between the 9th and 15th centuries and was centered around the city of Angkor. During that time, it’s very clear that great effort was put into capturing massive amounts of water that came from the skies during the monsoon seasons in the summer, to support drinking and crop growing during the rest of the year. The system apparently worked great for a long time, then suddenly didn’t. The reasons put forth for this sudden change have varied, from disease or warfare, to public strife, to changing environmental conditions. Now, it appears due to this latest research, that at least one of the major factors was indeed environmental.To find out if the problem was a dearth of water due to changes in the weather or the water system, the team took soil samples from one of the largest reservoirs (called barays) built by the Angkor people. Digging down as far as six feet, the team found that prolonged drought and perhaps overuse of the soil for farming may have led to a society unable to feed itself, a sure and straight path to an untimely demise if ever there was one.In studying the soil samples, the team was able to see sediment deposits that had built up on the bottom of the baray over time. During the years leading up to 1431, thinner layers indicted less water became available for storage. They also showed that the rainfall was more erratic. Instead of steady rains during the monsoon seasons, huge storms would erupt flooding farmlands and dumping massive amounts of soil into the baray, which were then followed by periods of no rain at all. The result was much less water available for drinking and growing crops during the drier seasons, and possible destruction of crops that the people were able to grow, due to flooding.This new research doesn’t prove for a fact that it was drought that led to the demise of the Khmer Empire, of course, as there were other factors involved. War with neighbors, the conversion of many of the inhabitants to Buddhism, and natural dispersion due to increasing trade with other countries, all likely had a hand. But it does appear that changing weather patterns might have been the final straw. © 2011 ( — The Khmer Empire, known to many as the Angkor Civilization, was a society of people that lived for several centuries in Southeast Asia in what is now Cambodia, Thailand, Laos and Viet Nam. What has kept the memory of the empire alive are the huge structures built by the people who lived in the area during that time. Also of note were the roadways, canals and water movement and storage systems that were constructed to support a large population. But like many other lost cultures, what was once a flourishing metropolis, in a very short period of time, gave way to collapse.center_img Map of Southeast Asia circa 900 CE, showing the Khmer Empire in red, Champa in yellow and Haripunjaya in light Green plus additional surrounding states. Image: Wikipedia. Citation: Possible new explanation found for sudden demise of Khmer Empire (2012, January 3) retrieved 18 August 2019 from 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.last_img read more