Goldman Sachs Agrees to $270 Million RMBS Settlement with Pension Funds

first_img Previous: Brady & Kosofsky Receives Certifications for Two Compliance Audits Next: Industry Analyst Defends Massive Pay Hike for Fannie Mae and Freddie Mac CEOs in Daily Dose, Featured, News Goldman Sachs Agrees to $270 Million RMBS Settlement with Pension Funds Goldman Sachs has agreed to pay approximately $270 million to resolve claims that it sold billions of dollars worth of faulty residential mortgage-backed securities (RMBS) to investors, according to multiple media reports.Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois claim that Goldman misled them as to the quality of the loans underlying the RMBS before the 2008 financial crisis, according to a report from Bloomberg.Goldman Sachs spokesman Michael DuVally declined to comment when reached by email by DS News.This is not the first time Goldman Sachs has faced a lawsuit over the quality of the RMBS it has sold. In August 2014, Goldman agreed to pay $3.15 billion to settle a lawsuit filed by the Federal Housing Finance Agency (FHFA) alleging that Goldman sold toxic RMBS to Fannie Mae and Freddie Mac, for which FHFA is the conservator.In May, Goldman was ordered by an arbitrator to pay $100 million to National Australia Bank for a conflict of interest regarding MBS sales. Also in May, the New York Appeals Court reinstated a $120 million fraud claim first brought against Goldman Sachs by ACA Financial Guaranty Corp. in early 2013 regarding the sale of a pool of subprime mortgages.MBS-related suits perpetrated by investors against financial institutions over pre-crisis RMBS sales are expected to begin winding down now that the six-year statute of limitations is up. Last month, the New York Court of Appeals ruled in the in the case of Ace Securities v. DB Structured Products that the clock on the six-year statute of limitations for investors’ claims of breach of contract with regards to RMBS begins ticking on the date the contract for the securities was executed rather than at the time that the trustees fail to repurchase the underlying mortgages.  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Tagged with: Goldman Sachs Residential Mortgage-backed securities RMBS Goldman Sachs Residential Mortgage-backed securities RMBS 2015-08-03 Brian Honea August 3, 2015 1,426 Views Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Goldman Sachs Agrees to $270 Million RMBS Settlement with Pension Funds The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

HLS’s Child Advocacy Program transcends disciplinary boundaries

first_img Read Full Story When Harvard Law School Professor Elizabeth Bartholet ‘65 and Jessica Budnitz ’01, HLS lecturer on law, founded the Child Advocacy Program at Harvard Law School more than eight years ago, they intended the program to serve as a model for other law schools. They intended the program to educate law students about the importance of working across traditional disciplinary lines. But they did not expect their ideas to transcend those boundaries by inspiring action within another discipline, namely journalism.Read the full article on the Harvard Law School website.last_img read more

Investor surge on the cards again with banks dropping interest rates

first_imgINVESTORS who were shut out of the housing market by a crackdown on interest-only loans could soon be back in force – with half the Big Four banks dropping rates and reopening the floodgates.Residential apartments and housing on the Gold Coast have been a favourite of investors, especially those from southern capitals and offshore. Picture: AAP Image/Dave Hunt.In the first big sign of a reprieve for investors, both the Commonwealth Bank and Westpac Banking Corporation have reversed moves made against their interest-only portfolios, with CommBank slashing its two-year fixed interest only investor rate by 50 basis points on Friday, and Westpac dropping its version by 14 basis points.NOTHING UNDER $1M HEREA WHOLE FLOOR, BEACHSIDE: $6.9MMORE REAL ESTATE NEWS FROM THE COURIER-MAIL RateCity money editor Sally Tindall said it’s the first reprieve for investors.This as the Reserve Bank of Australia board on Tuesday kept its cash rate target on hold at 1.5 per cent – a move that was widely expected across the finance and housing community.According to RateCity, a slew of smaller lenders had already dropped several interest-only rates in the past four weeks, including ING, St George, Aussie Home Loans, Mortgage House and Virgin Money.RateCity money editor Sally Tindall said the rate cuts showed the banks were looking to take on more interest-only loans.“The latest APRA data shows the number of new interest only loans from authorised deposit-taking institutions dropped from 36.26 per cent in March 2017 to 16.91 per cent in September 2017.” 1300HomeLoan director John Kolenda believes the moves are good news for mortgage insights manager Graham Cooke warned Australia’s household debt to income ratio was one of the highest in the world.“If it exceeds the 200 per cent mark, this could be a real hurdle for many Australians. If the RBA does raise the cash rate later this year, some Australians may lose grip of their repayments, particularly those who are already struggling to make the minimum repayment.”According to, half of all experts it surveyed believed the RBA would not move on rates until 2019 while a third believed the next rise would come in November this year.INTEREST-ONLY FIXED RATE CUTS:CBA: Investment home loan 2-year fixed Old rate: 4.84 per centNew rate: 4.34 per centChange: -0.50 percentage pointsWESTPAC: Fixed rate investment property loan 2-yearsOld rate 4.79 per centNew rate 4.65 per centChange: -0.14 percentage pointsST GEORGE: Fixed rate investment property loan 2-yearsOld rate 4.64 per centNew rate 4.60 per centChange: -0.04 percentage pointsAUSSIE: IQ Basic Investment Loan Fixed 1-yearOld rate 4.49 per centNew rate 4.24 per centChange: -0.25 percentage points(Source: RateCity data)FOLLOW SOPHIE FOSTER ON FACEBOOKMore from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agocenter_img Investors have been particularly attracted to the inner city unit market in Sydney as well as its high end luxury market including waterfront developments like Barangaroo. Picture: Lendlease.In CBA’s case the two-year fixed interest-only loan was now the same rate as it was in February last year, she said. “Those lenders who have room to move in their interest-only lending limits are likely to join in on these interest-only rate cuts.”1300HomeLoan Managing Director John Kolenda welcomed the changes, amid comments from the Australian Prudential Regulation Authority chairman Wayne Byres that a 10 per cent cap on growth in bank lending to housing investors could be lifted.“The removal of the cap could put downward pressure on mortgage rates for investors and increase competition among lenders,” Mr Kolenda said.last_img read more

Every playoff scenario for Cardinals, Brewers on the final Sunday of MLB’s regular season

first_imgThe National League Central race between the Cardinals and Brewers is going down to the last scheduled day of the 2019 MLB regular season. So is the race for the second NL wild-card spot.St. Louis (90-71) leads Milwaukee (89-72) by one game heading into the finale of the 162-game schedule. Both teams have already clinched playoff berths, so their primary concerns Sunday will be avoiding a one-game division tiebreaker on Monday and the wild-card game on Tuesday. St. Louis loses, Milwaukee winsThe teams finish tied in the division. They meet in a one-game playoff Monday in St. Louis to determine the Central champion. The loser heads to Washington for the wild-card game.The Central Division champion will advance to the NL Division Series vs. the Braves.Washington (92-69) clinched home field in the wild-card game Saturday by beating the Indians at home. The Nationals are back in the playoffs after a one-year absence. MORE: When does the MLB postseason begin?The Cardinals led the Central by 3 1/2 games after games of Sept. 23, but four consecutive losses, including two to the Cubs in their current weekend series, opened the door for the Brewers, who charged into contention after losing star outfielder Christian Yelich to a leg injury. Milwaukee, however, has lost its first two games against the Rockies after a 17-4 start to September.Here are all the ways the division and wild-card races could be settled (or not) when the teams take the field Sunday afternoon. Cardinals-Cubs will begin at 3:15 p.m. ET in St. Louis and Brewers-Rockies will start at 3:10 p.m. ET in Denver.Cardinals, Brewers playoff clinching scenariosSt. Louis wins on Sunday (regardless of what Milwaukee does)The Cardinals win the division and the Brewers head to Washington, D.C., to play the Nationals in the wild-card game on Tuesday. St. Louis loses, Milwaukee losesAgain, the Cardinals win the division and the Brewers play in Washington against the Nationals in the NL wild-card game. last_img read more


first_imgFianna Fáil’s Seanad Spokesperson on Agriculture, Senator Brian Ó Domhnaill, has revealed that farmers in Co Donegal were forced to pay out nearly €500,000 in penalties under the Single Farm Payment scheme in 2013.Senator O’DomhnaillIn reply to questions from Fianna Fáil, the Department of Agriculture has said admitted that more than €5m was taken in penalties from farm payments last year.Farmers in Co Donegal were hit with among the highest level of penalties in the country, totalling an extortionate €499,118. Senator Ó Domhnaill said the hefty fines are causing real hardship to farmers across Co Donegal.“These fines are extremely harsh and totally unnecessary in most cases. Many of the penalties imposed are for innocent errors made because the process is overly complicated and bureaucratic,” said Senator Ó Domhnaill.“I know many smaller farmers across Donegal who are already struggling with cuts to supports and increased operating costs. On top of all of this, they are being hit with hefty fines for errors mainly caused by the unreasonable level of red tape they must go through to receive their Single Farm Payment.“It’s disgraceful that in Minister Coveney continues to allow Donegal farmers to pay the highest price when it comes to cuts and penalties. It’s further evidence of the Minister’s failure to stand up for the smaller farmers across the North West who are crippled by cuts to supports and unnecessary bills.” The Donegal Senator said many local farmers are becoming increasingly distressed about the high level of bureaucracy, penalties and inspections for extremely trivial issues.He added that many are choosing not to apply for supports because of the enormous amount of paperwork and procedures involved. Others are fearful of being hit with a penalty because of a minor mistake.“This penalty system is a blunt instrument that makes no consideration of innocent errors and why they occurred. I am appealing to Minister Coveney to immediately review the scale of these penalties with a view to cancelling them or reducing them dramatically.“I am also calling on the Minister to ensure that where innocent errors were made that were not the fault of the farmers themselves, the money taken from them be repaid in full,” said Senator Ó Domhnaill. DONEGAL FARMERS CHARGED €500K IN SINGLE FARM PAYMENT PENALTIES was last modified: June 6th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalSENATOR BRIAN O DOMHNAILLsingle farm paymentslast_img read more

Remembering Africans’ role in ending World War 2

first_imgMany Africans enlisted – or were conscripted by their colonial ruler, Britain – to fight the Axis countries in World War 2. They were instrumental in bringing an end to the war, which was fought across Africa, Europe and the East, yet there is not much known about their contribution.Ethiopian men gather in Addis Ababa, heavily armed with captured Italian weapons, to hear the proclamation announcing the return to the capital of the Emperor Haile Selassie in May 1941. (Image: Wikipedia) Priya Pitamber This year marked the 70th anniversary of the end of World War 2, an occasion commemorated by the many countries involved in the bloodshed.In Russia, the anniversary of the end of the war was commemorated on 9 May with a massive military parade, watched by a clutch of global leaders. More than 16 000 troops participated, as well 140 aircraft and 190 armoured vehicles, according to the British newspaper, The Independent. It reported that Russia’s brand-new, next-generation tank debuted in the parade.The war began in 1939, after Germany invaded Poland. Its move prompted France and Britain to respond by declaring war on the Axis forces of Germany, led by Adolf Hitler; Italy, led by Benito Mussolini; and Japan, under Hideki Tojo. “Over the next six years, the conflict would take more lives and destroy more land and property around the globe than any previous war,” noted the History channel.Britain, the Soviet Union and the United States were the Allied Powers, but they could not have defeated the Axis countries without the help of the British colonies in Africa.West AfricaWriting for the think tank Foreign Policy in Focus, Kwei Quartey noted that the war was remembered in a Eurocentric manner, and was an inaccurate version of history. “In the first few years of the war, the Royal Air Force [RAF] recruited 10 000 West Africans for ground duties in the British West Africa colonies of the Gold Coast [now Ghana], Nigeria, Sierra Leone, and the Gambia.”Quartey said the Gold Coast king, Asantehene, was indispensable because he mobilised the population and helped to construct airfields, harbours and roads.Italy, itself a colonial power, attacked British positions in Egypt, Kenya and Sudan in 1940. These acts of aggression prompted the British war-time prime minister, Winston Churchill, to form an air supply route from the city of Takoradi in Gold Coast to Cairo in Egypt. “On 5 September 1940, the first shipment of a dozen Hurricane and Blenheim aircraft fighters in large wooden crates arrived at Takoradi by boat from the United Kingdom, and like many more consignments to come, they were unpacked and then assembled locally to be made airworthy for the flight to Cairo,” wrote Quartey.North AfricaNorth Africa was one of the main theatres of war, where Axis and Allied forces pushed back and forth repeatedly. Libya was an Italian colony at the time, while Egypt belonged to Britain. “Italy invaded Egypt in September of 1940, and in a December counterattack, British and Indian forces captured some 130 000 Italians,” reads American news website, The Atlantic.Hitler responded by forming his Afrika Korps under Field Marshall Erwin Rommel. Known as the Desert Fox, Rommel was one of German’s most popular generals during World War II, and he gained his enemies’ respect with his victories as commander of the Afrika Korps.However, Lieutenant-General Bernard Montgomery’s British 8th Army eventually drove the Axis army out of Egypt and into Tunisia. The 8th Army consisted of troops not only from Britain, but also from its colonies of South Africa, India, New Zealand and Australia.“The campaign in North Africa was very important strategically for the Axis and the Allies,” reads the Desert War website. “The Allies used the campaign as an approach to a second front against the Axis of Fortress Europe and helped ease the pressure on the Russian front.”East AfricaFrom 1940 to 1941, the British forces, made up of troops from across the British Commonwealth, which was made up of the territories of the British Empire, fought against the Italians in East Africa. The Italians were present in Abyssinia – today’s Ethiopia – and occupied Eritrea and Somaliland, now called Somalia.Once the Italians’ communication code was cracked, the British launched an offensive “from Sudan and Kenya with a mixed force of Indian, Abyssinian, Sudanese, Nigerian, Ghanaian, and South African troops”.By 1941, after months of fighting, they pushed back the Italian forces at the Battle of Gondar in Ethiopia. “This morning the Duce was very much irritated by the paucity of losses in eastern Africa,” wrote the Italian foreign minister at the time, Count Ciano: “Those who fell at Gondar in November numbered sixty-seven; the prisoners ten thousand. One doesn’t have to think very long to see what these figures mean.”From the battlefieldAfter reading Hitler’s Mein Kampf, John Henry Smythe of Sierra Leone said: “It was a book which would put any black man’s back up and it put mine up.” He joined the RAF and flew bombers in air-raids over Germany.His plane was shot down and he spent 18 months as a prisoner of war, during which time the Germans tried to get information out of him. A Nazi officer told Smythe: “You know they are talking about whether to execute you tomorrow or not. Because you, as a black man, should not involve [yourself] in white man’s war.”Zimbabwean Joe Culverwell volunteered when war broke out in 1939. He served in Somalia and said fighting against the Italians was a terrifying experience. “Boy that was hell,” he told the BBC. “We all had foxholes. I never felt so frightened in my life. They were bombing 100 yards away. We daren’t even look up, you see.”He added: “We were brainwashed into being little brown Britishers.” Culverwell went on to fight in Zimbabwe’s liberation struggle.Allied forces, with African soldiers, were also sent to the East, to nations such as Burma, to fight the Axis nations. “The Japanese in the jungle were just like snakes – they hid before you could see them, it was very hard,” recalled Nigerian Hassan Sokoto. He was part of the army sent to fight against Japanese advancement into British colonies in Asia.“Nigerians made up more than half of the total force of 90 000 West African soldiers deployed to South East Asia after 1943 as part of the British Army’s 81st and 82nd (West Africa) Divisions,” noted the BBC. The Nigerians had to learn jungle warfare against the Japanese, who were already well trained in it.Many war veterans were paid for their services, but some said they neither received anything in monetary value nor any recognition for their efforts.South African soldiersIn an article on the South African news site, The Daily Maverick, politician Ronnie Kasrils spoke about the South Africans who fought in the war. “Men like Lucas Majozi, from Zastron, and Job Maseko, from KwaThema, received high military awards for their outstanding bravery,” he noted.“‘Sailor’ Malan, became a legend for his role in the Battle of Britain. Victor Swales of Durban received the Victoria Cross. In an act of crass ignorance, [eThekwini] Metro had a city street, VC Swales, which was named after him, changed.”Kasrils observed that just under 12 000 South Africans lost their lives during the war.South Africans were also involved in what became known as the Great Escape. The brazen act inspired the 1963 movie of the same name. Flight Lieutenant Les Brodrick was an RAF pilot. His plane was hit by the Germans and he was captured and taken to the Stalag Luft III prison camp in the German province of Lower Silesia, today part of southeastern Poland.There, Brodrick met RAF Squadron Leader Roger Bushell, who masterminded an escape plan to dig three tunnels leading out of the prison simultaneously to fool their German guards. “His thinking was that, if one were discovered, the Nazi guards would find it inconceivable that more tunnels were still in progress.”“That would give them time to dig at least one robustly fortified and engineered tunnel – large and well-planned enough to allow more than 200 men to escape.”Their plan worked only as far as finding freedom for the short term. Of the 76 men who walked out that tunnel, 50 were recaptured and the Gestapo – the police force of Nazi Germany – executed them. Brodrick managed to survive despite being recaptured. He died at the age of 91 on 8 April 2013.Africa post-warThe end of the Second World War inspired many African countries to intensify their struggles for independence from their colonial owners. “Initially I saw the white man as someone better than me. But after the war, I considered him an equal,” recalled former infantryman Dauda Kafanchan.Kasrils said: “The victory over fascism saved the world from slavery and catastrophe. It spelled the end of the colonial system and saw the emergence of African independence and armed liberation struggles such as ours that were primarily armed and supported by the Soviet Union and the socialist camp.”He concluded that these historic lessons should never be forgotten, especially the connection to the struggle for freedom.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

On Favrd, Twitter & Community: Why You Should Be Able to Count the Stars

first_imgGuide to Performing Bulk Email Verification Related Posts The Dos and Don’ts of Brand Awareness Videos guest author 1 For Goodness’ Sake…SmallCanBeBig is a charitable non-profit that harnesses the power of small, direct donations for families in need. Mark Nikolewski (@mnik) is lead designer and art director for the organization; from his personal experience in the community, he can trace back thousands of dollars in direct donations to SmallCanBeBig from Favrd members. He estimates that the community supplies about 20% of the organization’s (@smallcanbebig‘s) retweets, without accounting for any secondary networking effects. Mike Monteiro (@mike_FTW) has been one of SmallCanBeBig’s most outspoken supporters, incenting donations via Twitter in Favrd fashion: “SmallCanBeBig: Tell you what: you donate $50 and I will tweet a PERSONAL INSULT which you can RT to show your friends how cool you are.” (Visit directly to donate sans personal insult.)Josh Hopkins (@thedayhascome) began tweeting about the medical condition of his daughter (born January 2009) as a part of the Favrd community, which rose up with overwhelming support while Lucy underwent serious operations and prolonged hospital stays. (Josh and his family will be participating in the March for Babies in 2010 to raise money on behalf of Lucy’s name. If individuals would like to donate money to The March of Dimes, on behalf of Team Lucy Kate who is walking in the Indianapolis event, more information is available here.)“Keep starring the heavens, kids. #thankyoutextism” (via @pagecrusher)A more comprehensive directory of projects from the Favrd community is available here. A Comprehensive Guide to a Content Audit Tags:#social networks#twitter#web Facebook is Becoming Less Personal and More Pro… Favrd, the now-retired (creator-destroyed) aggregation site for Twitter “favorites,” began as the irreverent offshoot of a community of influential designers and developers — people like Merlin Mann (@hotdogsladies), John Gruber (@gruber), Jeffrey Zeldman (@zeldman), and Dean Cameron Allen (@textism), the site’s creator.You don’t need to know the lofty origins of Favrd, though; if anything, they’re antithetical to the point. Favrd ran on a “no-webcock algorithm.” (“Webcock” was Dean’s term for shamelessly self-promoting “new media gurus.”)This guest post was written by Kim Gaskins, a writer for Latitude Research.In an interview earlier this year, web developer Rafael Torres (@rafitorres) remarked: “A common concern for all of [the creators] was the idea that the social web had been invaded by a certain class of individuals who were apparently only concerned with marketing themselves and their brands through fake social interactions.”How Many Stars in the Sky? Infinite: and That’s Too Many.Simply put, I think what happened to Favrd was that a new crop of users appeared who didn’t know how to value the currency, and thus they inadvertently devalued it. They were arbitrarily plastering their stars around town to promote themselves, like “take-out menus hung on the doors of other restaurants.” Dan Wineman (@dwineman), “The Favrd Situation”In this way, currency (devalued) only serves to commodify valuable content. Remiel (@remiel) makes some generative suggestions here to “inject scarcity back into the equation.” What if Favstar instituted a new metric… ? “The result, ideally, is… a truly useful list of vetted Twitter content, reliably worth reading. In short: a great, alternative Twitter filter.”“I hate when clever, elegant things leave the web.” Jeffrey Zeldman to Dean Cameron Allen, commenting on “The Stars Look Down”Favrd: The Black Sheep of Bottom-Up PosterCommunitiesCohesive communities like Favrd, grown organically without a pointed goal — especially the communities grown around liberality of mind and well-placed puns — have some people asking, “yes, but what’s the point?“Therein lies the point.“I’ve met lots of people, collaborated creatively with a few and even had one stay on my couch during his trip across the country. All wonderful experiences.” Jon Dascola, commenting on Zeldman’s “The Stars Look Down”So What’s Beside the Point?Professionally speaking, Avery Edison (@aedison) is an upcoming UK-based comedy writer who has her roots in the feedback and support of the Favrd community. You Look Nice Today (@hotdogsladies, @lonelysandwich, and @scottsimpson) is a free podcast “prepared by and for ‘adults’” that now performs in 3space as well, for money.Interview with Nick Douglas (@nick), author of Twitter Wit: Brilliance in 140 Characters or Less: last_img read more

Renault Duster to get costlier ahead of festive season

first_imgRenault India Pvt. Ltd., have announced new prices for its recently launched SUV, Renault Duster, with effect from October 1, 2012. Prices of this SUV will be increased by upto Rs 40,000, a price rise which comes at a time when auto industry is gearing up for the festive season.The recently launched feature packed Sports Utility Vehicle Renault Duster appears to have become an instant hit in India. According to autoevolution report, Renault India has had to boost production this year, as orders for the SUV hit 10,000 units. Its main rivals, the Mahindra Scorpio and XUV500 are available pretty much instantly.The Renault Duster, which was first shown at the 2012 Indian Auto Expo, is available with a 1.6-liter petrol engine or a 1.5-liter diesel in two states of tune.With cutting-edge technology like reverse-parking sensor, key-less entry with answer back function, on-board trip computer with multi-functional displays and rear defogger and wipers for better visibility, Renault Duster is at par with premium vehicles in terms of luxury.Renault provides enhanced comfort with separate rear-AC with independent control considering the extreme hot weather conditions in India.Its spacious interiors complement the grand vistas outside. The 8 way adjustable driver seat means that fatigue has a much lesser chance of overtaking one on a long drive. There is even a rear AC with independent controls for rear seat passengers.The petrol variants of the new car are available for Rs.7,19,000 and Rs.8,19,000, whereas, the 83hp diesel variants come with price tags of Rs.7,99,000, Rs.8,99,000 and Rs.9,99,000.With Agency inputs advertisementlast_img read more

There is no taint on me, says N Srinivasan

first_imgBCCI President-in-exile N Srinivasan was on Thursday formally appointed the first Chairman of the ICC after its 52-member council approved a controversial revamp of the body’s administrative structure.Srinivasan was questioned on the Supreme Court probe and Gurunath Meiyappan in a press conference at Melbourne after his appointment as ICC chairman.Q. It’s well-known that you’ve been stood down as BCCI president by the Supreme Court for the duration of that investigation. Can you explain why you are an appropriate pick and proper person to run world cricket given your involvement in that investigation?Srinivasan: Actually the court did not ask me, I stepped aside voluntarily. I do not know if you have followed the reporting of that. The committee made a report which did not involve me, but they had given a sealed envelope in which they said there were some unsubstantiated, unverified allegations made by some people, which the court is looking into. I said I’ll voluntarily step aside during that period.Now, as far as I’m concerned, I have done nothing wrong. There is no wrongdoing on my part, and therefore my conscience is very clear that there is no taint on me, and whatever investigation is there will take its course will come out, reports will come out. But unless I have in my mind any doubt or if I have done anything, then what you say possibly is — then one has to think.  But for what I have not done, I have no concern. Q. When you say there is no taint on me, does that include your son-in-law?Srinivasan: My son-in-law, there are some charges against him.  He has to defend himself in court.  I mean, it’s a question of it’s going to be proved or not proved, but that’s up to him.  This is a question — this is a question about me. Q. But it reflects on you. It’s your team.Srinivasan: I think you have to wait until the final, until everything is clear at the end of the day.  If nothing is proved, I think all this comment would have been unfair, isn’t it.advertisementlast_img read more

3 hours agoArsenal outcast Ozil responds to his Europa League snub

first_imgAbout the authorPaul VegasShare the loveHave your say Arsenal outcast Ozil responds to his Europa League snubby Paul Vegas3 hours agoSend to a friendShare the loveArsenal outcast Mesut Ozil has responded to his Europa League snub last night.Ozil has taken to Twitter to post a message to the Arsenal fans after Unai Emery left him out of his Europa League squad for victory over Vitoria.The Gunners midfielder posted a picture of himself with Arsenal coach and club legend Robert Pires.Alongside it he wrote: “Trained with this AFC legend this morning. Always a pleasure to see you my Bro Robert Pires. Best of luck for the match now from both of us.”Trained with this AFC legend this morning Always a pleasure to see you my Bro @piresrobert7 __ Best of luck for the match now from both of us @Arsenal#UEL#YaGunnersYa#M1Ö— Mesut Özil (@MesutOzil1088) October 24, 2019 read more