Buyout Window Closes Layoffs Loom at Time Inc

first_imgWednesday was the deadline for representatives of the Newspaper Guild to notify Time Inc. brass about how many staffers accepted buyout offers as the company looks to eliminate as many as 500 from its overall workforce.Time Inc. is expected to begin slashing jobs as early as next week. The number of cuts will depend on how many volunteers stepped up for the buyout packages. I was told today by a company spokesperson, not unexpectedly, that Time Inc. won’t be disclosing the number of employees who accepted the buyouts.The New York Post’s Keith Kelly has a relatively detailed outline of how the layoffs might play out: The publisher’s biggest magazines (Time, People, Sports Illustrated, Fortune and Money) could eliminate 90 editorial positions—as many as 40 possibly coming from Fortune. During a recent earnings call, Jeff Bewkes, CEO of Time Inc. parent Time Warner, said the company will incur a $100 million charge during the fourth quarter as it begins a restructuring of Time Inc., primarily in respect to its news group. He said the restructuring will be “more targeted” in comparison to the massive changes that were made this time last year, resulting in around 600 layoffs.And about those layoffs last year: They were made department-by-department, instead of happening all at once as part of a collective announcement. News of more and more and more layoffs were unveiled in slow motion. We saw the same thing happen this fall at Condé Nast. Following the closure of Gourmet, Cookie, Elegant Bride and Modern Bride, hundreds of layoffs happened, but were announced at a painfully slow pace, over several weeks. It must have been a killer for employee morale. (In fact, morale hit such an “all-time low” the company reportedly hired a crisis intervention expert.)As Time Inc. gears up for its latest wave of job cuts, I hope, for the sake of its staffers, that the axe falls swiftly and that workers aren’t paralyzed, waiting for days and weeks for the final word about whether they will remain employed.last_img read more

Over 1750 BNPJamaat men detained in 8 days

first_img`Over 1750 BNP-Jamaat men detained in 8 days`Police in special drives have detained at least 1786 leaders and activists of BNP and Jamaat-e-Islami in different districts across the country in the last eight days, ahead of the verdict in a graft case against Khaleda Zia, reports UNB.As many as 222 more were arrested in seven districts from Tuesday night to Wednesday morning as well.A Dhaka court fixed 8 February to deliver the verdict in the Zia Orphanage Trust graft case against Khaleda, her self-exiled son and BNP senior vice-chairman Tarique Rahman and four others.Speaking to journalists on Tuesday, senior joint secretary general Ruhul Kabir Rizvi said 1,300 BNP leaders and activists have been arrested in the last seven days.Dhaka Metropolitan Police (DMP) commissioner Asaduzzaman Miah, however, denied the allegation.”None has been arrested in the name of special drives. Police remain alert to maintain law and order,” Asaduzzaman Miah told Prothom Alo on Tuesday.Security have been beefed up at important places across the country, he said.Police have also started frisking people at the entry points of the capital, at the railway stations, bus terminals and waterways as well.When asked about such steps, home minister Asaduzzaman Khan said the law enforcement had been trying to make sure nobody could create an untoward situation.last_img

No gas price hike in present situation BERC

first_imgNo hike of gas price now: BERC. File PhotoBangladesh Energy Regulatory Commission (BERC) on Tuesday said it scrapped the decision of enhancing gas price ‘considering the overall situation’ in the country.The watchdog body announced its decision at a press conference at the commission office in the capital city, reports UNB.“In the present situation we find no reason to raise the gas price”, said BERC chairman Monwar Islam while briefing newsmen.He, however, did not directly respond to the question that there is a perception the commission this time did not hike gas price because of the advice of the prime minister Sheikh Hasina ahead of the general elections.Monwar said the distribution companies appealed for price hike calculating import of 1000 mmcfd LNG gas. But currently, LNG could only supply 300 mmcfd.Secondly, he said, NBR has given supplementary duty waiver on import of LNG.”That’s why we don’t allow raising gas price”, he said.Other commissioners were also present at the briefing.Commission member Mohammad Abdul Aziz, however, said that the government would have to provide Tk 3000 as subsidy to the distribution companies to cover the loss that they will incur due to the import of LNG.He said the commission would ask to provide Tk 1400 from short support fund.He said the commission will consider price hike when the 1000 mmcfd LNG will be supplied to the national network.Earlier, all the eight state-owned downstream entities in gas sector — six distribution companies, one transmission and an LNG marketing company — had appealed to the BERC seeking an average 75 per cent hike on the existing gas prices for different consumer groups except the household and commercial ones.The upward price revision was sought for industrial consumers, power plants, fertiliser factories, captive power plants, and CNG refuelling stations.The distribution companies are Titas Gas Transmission & Distribution Company Limited (Tatas Gas T&D), Bakhrabad Gas Distribution Company Limited (BGDCL), Jalalabad Gas Transmission and Distribution System Limited, Pashchimanchal Gas Company Limited, Karnaphuli Gas Distribution Company Limited and Sundarbans Gas Company Limited (SGCL).While participating in the hearing, the gas entities argued that as per the government decision they had to submit their respective price hike proposals because of the high import cost of LNG as it will push up their cost substantially.The Petrobangla started supplying the imported LNG to national gas network from 18 August through re-gasification by private sector-operated floating storage and re-gasification unit (FSRU).Officials said currently 300 mmcfd gas is being supplied from LNG and it will go up to 500 mmcfd in a month or two and then 1000 mmcfd gas will be flowed from next year as per a government plan.last_img read more

GOP Congressman Expelled From Arizona House Due To Sexual Misconduct

first_imgtwitter via @theseanloganGOP Rep Don Shooter as the Arizona House votes to expel him over sexual assault.THE LATEST on efforts to punish an Arizona lawmaker over sexual harassment allegations (all times local):2:05 p.m.The Arizona House has voted to expel a Republican lawmaker over sexual harassment allegations.Rep. Don Shooter is believed to be the first state lawmaker in the U.S. to be voted out of his seat since the #MeToo movement against sexual misconduct began last fall.Thursday’s vote comes after an outside investigator determined that Shooter engaged in a pattern of sexual harassment that created a hostile workplace.Shooter says he’s done nothing to justify expulsion. He made a last-ditch effort to avoid a vote by sending a letter questioning the thoroughness of the report that found evidence of pervasive misconduct.Republican House Speaker J.D. Mesnard had sought a censure but moved to expel Shooter after receiving the letter. He says Shooter’s comments represented a clear act of retaliation and harassment worthy of expulsion.Waiting for the House to vote on whether to expel Don Shooter LIVE on #Periscope https://t.co/LdwhtsI53z— Katie Campbell (@_KECampbell) February 1, 2018___12:30 p.m.Female members of the Arizona House from Republican and Democratic parties have gathered in an emotional moment in advance of a vote that could lead to the expulsion of a male member that a report found violated sexual harassment rules.In the center of the group was Rep. Michelle Ugenti-Rita, whose complaint against fellow Republican Rep. Don Shooter prompted Thursday’s action.Republican Rep. Kelly Townsend says she told members they could silently pray ands then told them “today is going to separate the politician from the statesmen, or stateswomen.”Shooter says he won’t resign but accepts responsibility for boorish behavior and won’t fight a censure.___11:45 a.m.Arizona House Speaker J.D. Mesnard is calling for the immediate expulsion of a fellow Republican after Rep. Don Shooter said a sexual harassment report that found he harassed female members omitted claims about another lawmaker.Thursday’s developments come as the full House was poised to vote on Mesnard’s previous call for a formal censure of Shooter. He now says Shooter’s new comments represent a clear act of retaliation and harassment and he wants him voted out immediately.Shooter says in an interview he deserves censure but did nothing to justify expulsion.He sent a letter to fellow members Thursday saying a woman interviewed for the report looking into his behavior and that of Rep. Michelle Ugenti-Rita omitted a young woman’s complaint. He says she complained another lawmaker subjected her to unwanted sexual advances.Shooter would not say who that lawmaker was.___10:30 a.m.A Republican Arizona lawmaker says a report showing he engaged in a pattern of sexual harassment toward women omits serious allegations against another House member.Rep. Don Shooter faces a censure vote in the House Thursday and some GOP members want him expelled.Shooter says in an interview that he deserves censure but did nothing to justify expulsion.He sent a letter to fellow members Thursday saying a woman interviewed for the report looking into his behavior and that of Rep. Michelle Ugenti-Rita omitted a young woman’s complaint. He says she complained another lawmaker subjected her to unwanted sexual advances.Shooter would not say who that lawmaker was. His letter says he wants the report to include those allegations before the House acts on his possible punishment.The report contains a section about Ugenti-Rita’s boyfriend sending sexually explicit communications to a person. The investigators determined they happened but there was no credible evidence Ugenti-Rita knew or was involved in the actions.___12:30 a.m.A showdown is looming in the Arizona House over what penalty should be imposed on a Republican lawmaker found to have engaged in a pattern of sexual harassment toward women.The House is set to meet late Thursday morning to consider Republican Speaker J.D. Mesnard’s proposal for a formal censure of Rep. Don Shooter. A censure is the harshest penalty possible short of expulsion.Republican Majority Whip Kelly Townsend is calling for Shooter’s resignation and says she’ll move for an expulsion vote if he doesn’t step down. Meanwhile, some other Republicans believe Shooter deserves a lesser penalty or a chance to defend himself.Expulsion requires support from 40 of 60 members, while a censure requires a simple majority. Republicans control 36 seats and Democrats 24. Sharelast_img read more

Minister raps students for blocking roads over attendance rule

first_imgKolkata: Taking strong exception to road blockades staged by college students over attendance mandate, West Bengal Education Minister Partha Chatterjee has asserted the government will be forced to take action if the agitators cause inconvenience to public for “personal benefit”. A large number of students from two institutes – Shibnath Shastri College and Heramba Chandra College – took to streets on Thursday and Friday to protest against the Calcutta University (CU) mandate of 60 per cent minimum attendance for appearing in examinations. Also Read – Rain batters Kolkata, cripples normal life The agitators of Heramba Chandra College blocked thoroughfares in Golpark area for two consecutive days, demanding immediate relaxation of norms. The protest was also backed by students of Gurudas College and Jaipuria College, who demonstrated outside their campuses. The education minister said the government will not succumb to the pressure tactics of the students. “Under no circumstances will the administration tolerate such pressure tactics. Many people were inconvenienced as they (students) blocked the roads to get their demands fulfilled. This is unacceptable,” Chatterjee told reporters on Saturday. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed Earlier this year, the CU authorities had asked all affiliated colleges to ensure that only those with a minimum 60 per cent attendance would be allowed to sit for semester exams. A list of non-eligible students was recently published at Heramba Chandra College, triggering the agitation. Chatterjee pointed out that the state education department has fixed 60 per cent attendance as a criterion to sit for semester exams, even as the UGC suggested 75 per cent attendance for higher educational institutions. “Maybe the agitating students wanted to sit for exams without attending classes or studying,” he said. Heramba Chandra College Principal Nabanita Chakraborty, who met Chatterjee Saturday morning, said the authorities are planning to reduce the cut-off figure for attendance from 60 per cent to 55 per cent. Trinamool Congress Chhatra Parishad (TMCP), the students’ wing of the ruling party, also appealed to the education minister to find a “way out of the deadlock” to restore normalcy in the institutes. TMCP president Trinankur Bhattacharya, who met the minister at his residence, told reporters that the unit has sought a solution that would be acceptable to all sides. A TMCP source said the union urged Chatterjee to consider relaxation in attendance norm for this year.last_img read more

Investors are Pouring Cash Into AI Startups Focused on Health Care

first_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. A recent report from CB Insights found that healthcare Artificial Intelligence startups have raised $4.3 billion across 576 funding rounds in the last five years – more than any other sector. Investment flowing into building AI that works with people to tackle healthcare issues will continue globally. Meanwhile, finding sustainable answers to tragic conditions like Alzheimer’s Disease will require accurately kept health records to advance progress — and take the willing participation of people whose lives are fatally impacted by the disease. The party ultimately responsible for finding the answer to Alzheimer’s might not be human — or at least, the effort to rid the world of the disease may not be fully a human one.Artificial Intelligence presents the medical field with new opportunities to use learnings from existing and newly created data sets to solve complex human issues over the next few years. The technology’s complementary utility for health science and medical research offers new opportunities to unearth minuscule clues from individual patient histories that lead to global breakthroughs. AI has the potential to serve as a natural partner for medical researchers and professionals who spend careers combing through records to uncover trends and anomalies.Related: AI Is Transforming Healthcare as We Know It. Here’s a Look at the Future — and the Opportunities for Entrepreneurs.AI helps people find medical answers.As an industry, health science is beginning to realize the full benefits of using precision medicine to treat disease. Early success stories include making progress in cancer detection and uncovering potential health indicators from medical histories and DNA analysis. The underlying idea of using AI for health science, in particular, is to look at people’s specific genetic or molecular profiles and determine what personalized treatment works best on a case-by-case basis.In the coming years, successfully advancing precision health science will depend on collecting and storing data representing diverse patient populations. It will also rely on the health science sector’s ability to develop sophisticated AI and machine learning algorithms that mine massive amounts of data to answer very specific healthcare questions. Questions like: how do we find the indicators hidden in countless health records? Which genetic variants matter? Why does one disease impact a patient and not someone with a similar genetic makeup? AI can serve as as a means to helping the health science sector answer some of these questions, analyze specific factors with precision and bring clarity to patients earlier in the diagnosis discovery process.Related: Wonders Artificial Intelligence is Doing For The Healthcare SectorAI’s real world impact across health sectors.AI’s real world impact on health science has already materialized in the form of new pharmaceutical combinations, more promising hypotheses, improved medical diagnostics, targeted risk factor analysis and reporting that leads to more accuracy in personalized medicine. AI can fully absorb, contextualize and analyze critical healthcare information in the time it takes a human counterpart to read through a few records. The technology is built to mobilize and manage large data sets autonomously. Meanwhile, human counterparts can focus on communicating the benefits of AI findings, proactively using them to address individual medical concerns and offer more personalized patient care.AI can integrate data from multiple sources and determine relevance to specific cases swifter than humans. The technology can analyze data in real-time and produce actionable insights that would take several hours — or years in some cases — for people to complete. When built responsibly using objective data sets and lab-tested technology, AI does not have preconceived notions about the medical records, DNA and RNA analysis and general information it sorts through, eliminating potential biases and erroneous conclusions.AI’s health science success hinges on the availability of human-curated training data sets that allow for performance and bias testing prior to AI entering the market. The opportunity to connect AI and countless data sets presents the greatest opportunity for medical professionals looking toward technology for answers. In practice, AI’s core ability to automate data analysis frees up medical research people to focus on the end result, apply findings to real world medical or pharmaceutical trials, and, ultimately, adapt individual healthcare plans to incorporate new methods.Related: How AI is Making the Impossible Possible in Healthcare SectorLooking ahead to an uncertain future.The biggest challenge for health practitioners turning to AI in 2019 will remain the availability of curated data sets needed to train algorithm-driven technologies destined for disease detection and other crucial medical work. AI must be trustworthy enough to make accurate predictive assessments that dramatically impact patient care and health results in the real world. The process of preparing AI for health will become easier in the near future as the technology advances, regular people become more familiar with AI and its real world applications for disease prevention prove successful.After all, disease prevention is the holy grail. Technologies, like AI, that enable early disease detection and interception will transform patient care wholesale. AI can help medical professionals detect diseases earlier and give people impacted by those diseases a fighting opportunity to overcome them.Undoubtedly, human efforts to rid the world of Alzheimer’s disease, and other deadly illnesses or inherited conditions, will advance with the support of data-driven technologies. Tapping AI for those tasks will allow doctors and medical professionals to focus on providing more precise and empathetic patient care. Researchers can spend time making sense of AI-driven findings in order to bring machine-discovered remedies into a very human reality, like living with Alzheimer’s, that changes lives — and saves them. Opinions expressed by Entrepreneur contributors are their own. November 7, 2018 Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 5 min read Register Now »last_img read more