Seven year courtship culminates in “I do” for RitzCarlton+Turks and Caicos Related Items:crown land ordinance, desarrollos, lexis nexis, mariott, ponzi scheme, walter sipta Turks & Caicos Islands Government Media Statement on Developer Walter Stipa Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, Government was indeed blind-sided by the civil suit filed against the Desarrollos Hotel Group, and said due diligence was performed by multiple government administrations through top rated methodologies. Government is finally speaking out on that law suit involving the Desarrollos Hotelco and its CEO and President, Walter Stipa – the company at the start of the month signed a $224 million hotel agreement with TCIG. In a media statement issued around 3:30pm yesterday, the PNP Administration promised that it takes its governance and anti-corruption responsibilities seriously. “…we have carried out appropriate due diligence works with regards to Mr Stipa’s Desarrollos Hotelco group and their proposals in the TCI. As due diligence is an ongoing process, we continue to request information from Desarrollos and other sources.” The government explained that they are aware of the civil lawsuit and that the Desarrollos Hotel Group is fighting the charges by a Ponzi Schemer that they were in receipt of his $15 million. The administration also shared that, and I quote: “Since 2012, this work has been led by the Government’s Investment Unit using several internationally recognised systems for corroborating and checking investor information, including: Thomson Reuters’ World-Check, a leading global ‘know your customer’ software system; Lexis Nexis’ World Compliance, another leading anti-money laundering, and risk and compliance screening tool. As part of the Government’s due diligence requirements the Desarrollos Hotelco group has also provided corporate documentation to substantiate shareholders and directors.” While it is not clearly stated, it appears the project will move forward. The Administration also said, “the Desarrollos Ritz Carlton development in the TCI is being substantially financed by Marriott, a world leading luxury hotel chain. Marriott too met with the TCI Government to demonstrate their commitment to the success of this five star development. Desarrollos and Marriott have a proven track record of having already developed four successful resorts together in the Caribbean region.” Government also denied that the land for the project in Grace Bay was transferred or leased; the property was publically tendered in accordance with the Crown Land Ordinance. Facebook Twitter Google+LinkedInPinterestWhatsApp David Smith back in court; continues to fight US Extradition Recommended for you
Close IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:02/0:51Loaded: 0%0:02Progress: 0%Stream TypeLIVE-0:49?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Representative ImageReutersPoland, the current president of United Nations Security Council (UNSC), on Monday, dismissed Pakistan’s efforts of raising the Kashmir issue to the international security body and called for finding a bilateral solution, according to reports. “Poland hopes that both countries can work out a mutually beneficial solution bilaterally.” Poland’s ambassador to India Adam Burakowski told The Indian Express.”Like the European Union, we are in favour of a dialogue between India and Pakistan,” he added.Burakowski further said that as a non-permanent member of the UNSC, Poland stands ready to prevent actions impacting security situation. “I would like to emphasise on the word ‘bilaterally’, that’s the keyword,” he added.A Polish Foreign Ministry statement revealed that the Indian Minister of External Affairs, S Jaishankar, had explained to Polish Foreign Minister Jacek Czaputowicz on August 8, that the amendment of the Indian Constitution is of “strictly internal nature” and aims at “bringing security to the region that is particularly vulnerable to terrorist attacks,” reported TIE.Pakistan has sought to raise to the UN security council the recent move by the Indian government, which scrapped Jammu and Kashmir’s special status provided under Article 370 of the Constitution.The report came on the same day Pakistan Foreign Minister Shah Mehmood Qureshi claimed that it will be difficult to find support against India from the five permanent members (P5) of the UNSC. He said garnering support “even from Muslim nations” would be difficult due to their strong economic relations with India.Qureshi said at a press conference on Monday, “People in the Security Council aren’t standing with flowers; any of the P5 members can be a hurdle. There shouldn’t be any ambiguity on that, do not live in a fool’s paradise.”The Security Council stated last week that New Delhi’s move was “within the framework of the Constitution of the Republic of India” and called for both the countries to “not allow a new aggravation of the situation in the region as a result of the decisions”.Russia, a permanent member of the UNSC, echoed the UN Chief’s statement on Article 370 and said, “We hope that the differences between them will be resolved by political and diplomatic means on a bilateral basis in accordance with the provisions of the Simla Agreement of 1972 and the Lahore Declaration of 1999.”Both the agreements state that Kashmir is a bilateral matter between India and Pakistan.Pakistan expelled Indian High Commissioner Ajay Bisaria on August 7 and suspended all bilateral ties with India in retaliation to New Delhi’s decision. The neighbouring country said the move was an “illegal, unilateral, reckless and coercive attempt” by India. UN chief urges India & Pakistan to exercise ‘maximum restraint’ on Kashmir, recalls Simla agreement
UPDATED: In the 11 years since it was founded as a platform for DJs to post their mixes, SoundCloud has become so popular that a genre of hip-hop was named after it. But the company struggled in its efforts to become a fully-licensed, above-ground platform, and nearly went out of business last year before reorganizing under new CEO Kerry Trainor. Since he took the helm, the company has worked to streamline its platform for artists via a partnership with rights-clearance organization Dubset and last week finally launching its long-in-the-works Premier program, which allows artists to upload and monetize their content without a record label or aggregator. (Spotify recently announced a similar program, currently in beta.)Its contract for Premier came under harsh scrutiny in an article The Verge posted Friday morning under the headline “SoundCloud’s New Artist Contract Is a Raw Deal for Musicians.” In it, the publication pointed out several restrictive elements in the contract around its payment dates and percentages, and particularly in that artists are asked to sign away their rights to sue SoundCloud. The contract, which is available to all eligible for Premier membership (although full details are apparently not available until a person actually signs up), was provided to The Verge by an artist named Sweeps. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 SoundCloud contested some of the claims, albeit in a broad sense, in a statement provided to Variety Friday afternoon. “The SoundCloud Premier monetization program operates on a fixed net revenue share of 55% and monthly royalty payments paid net 45 days to creators, which exceeds most other platforms,” it reads. “SoundCloud Premier is completely non-exclusive, the creator always retains all their content rights, and reserves the right to exit the agreement at any time. We are always looking for ways to simplify our agreements for the benefit of our creator community, and will take the opportunity here to avoid future confusion.”According to the Verge report, points in SoundCloud’s Premier agreement include:*The broad release of all claims against the company (called a “covenant not to sue”) and a mandatory arbitration clause. Artists who sign the agreement agree to never sue SoundCloud or assist in someone else’s lawsuit against SoundCloud, and to take any disputes to arbitration instead of court — including legal action over any past illegal use of the artist’s recordings by SoundCloud, and if the artist leaves the Premier program or SoundCloud. Tunecore and YouTube have similar terms, although The Verge reports that Spotify’s contract does not.*SoundCloud may make changes to its payment program — including changes in rates, fees and even closing it completely — at any time without advance notice, or any notice at all. “It is Your responsibility,” the agreement says, “to check these Terms and Conditions on the Platform from time to time for updates.”*The payment schedule is hazy: While the promotional wording says artists will be paid each month, the contract states that SoundCloud may elect to pay artists only when they reach $100 in revenue. The contract says that “SoundCloud will calculate Your Net Revenues on a monthly, quarterly or another accounting period basis SoundCloud elects to use.” This is a fairly common practice with record labels. *Similarly, there is a lack of clarity about how streams on different platforms are monetized, with a reference to revenues on a “tier by tier basis” that suggests streams by free users may pay less than ones from paying users.*The contract gives artists six months to audit or challenge statements after they are issued, less than the industry standard of two years.The covenant not to sue in particular was criticized by attorneys contacted by the publication. Jeff Becker, an entertainment and media attorney at Swanson, Martin & Bell, said, “This agreement will allow artists to monetize the exploitation of their music on SoundCloud only if the artist agrees to forego all existing claims he or she may have against the company,” adding that it is “unusual, at best, for a platform to open their terms and conditions with a provision that requires the artist to entirely release it of all prior violations and infringements committed by that platform.”Lita Rosario, an attorney who represents Missy Elliott and Sisqo, added, “If you find that SoundCloud didn’t send you the amount of money you’re owed, you’re prohibited from suing them for breach of contract,” Rosario says. “I don’t see how they can have someone agree in advance that they’re not going to be able to sue them for failing to pay an account.”“I think the broad release of claims and covenant not to sue will be challenged in court,” Rosario continued. “The language is much too broad.” Popular on Variety
(PhysOrg.com) — Water scarcity is a major problem for people living in desert areas, including much of the Middle East and Africa. According to the United Nations, more than 1.6 million people die every year due to lack of access to clean water. ‘Super sand’ for better purification of drinking water (Update) Citation: Hydrophobic Sand Could Combat Desert Water Shortages (2009, February 16) retrieved 18 August 2019 from https://phys.org/news/2009-02-hydrophobic-sand-combat-shortages.html Explore further Researchers at DIME Hydrophobic Materials, a company in the United Arab Emirates (UAE), along with German scientist Helmut F. Schulze, have developed hydrophobic sand using nanotechnology that could combat desertification and encourage plant growth in arid climates. As DIME engineer Fahd Mohammad Saeed Hareb explains, their idea is to lay a 10-cm layer of waterproof sand beneath desert topsoil. The hydrophobic sand could serve as a water table to stop water from bleeding downward below the plants’ roots. Normally, water quickly trickles down through the sand, requiring that farmers water their plants five or six times per day.With the new layer of hydrophobic sand, farmers would only need to water their plants once per day, decreasing water use by up to 75 percent. Another benefit of the hydrophobic sand is that it prevents underground salt from passing through the plant roots, which can kill the plants.The DIME researchers aren’t revealing the precise nano coating used for their hydrophobic sand for proprietary reasons, calling the top-secret additive SP-HFS 1609. Other forms of hydrophobic sand are already on the market, which are usually coated with water-repellant silicas and used for cleaning up oil spills and other applications.DIME’s hydrophobic coating has been approved by Germany’s Federal Environment Agency (FEA), which has issued the product a no-objection certificate declaring it to be ecologically safe. It takes about 30-45 seconds to coat a sand particle, and DIME’s manufacturing facility can produce 3,000 tonnes of sand per day.Other institutions are investigating the hydrophobic sand, including UAE University. For instance, researchers at the university are conducting tests to see if rice – which is usually grown in water-soaked fields – can be successfully grown in desert conditions. In general, their tests have shown that various plants benefit from the hydrophobic sand, such as by growing healthier roots, but the researchers said the tests are only half complete.As the population increases and rivers run dry, water scarcity is expected to increase over the next decades in desert regions. In the Middle East and North Africa, 85 percent of the water is used for irrigation, so decreasing this requirement could help meet the urban demand and possibly prevent future humanitarian disasters.via: Xpress© 2009 PhysOrg.com Researchers in the United Arab Emirates have developed a new kind of hydrophobic sand that could significantly decrease the amount of water required for plant irrigation in desert regions. 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.