December 15, 2004
In a rare case of man-bites-dog, a Gainsville, Florida man was arrested on an animal cruelty charge on Saturday after authorities determined that he had been biting his dog as punishment.
The man — Mount Lee Lacy, age 21 — told officers that biting was an effective form of punishment. He had most recently used biting in response to his dog defecating in the house. He has not yet posted his $25,000 bail.
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When the roof of your home fails, you are usually stuck with an expensive repair. This is because most leaking roofs normally take a little time before the water is noticeable inside the home. You can frequently avoid this problem with a little preventative maintenance and regular roofing inspections. Maintenance can include simple tasks like cleaning any debris from the roof and verifying that the sealant doesn’t show signs of deterioration. Roofing inspections are a little more detailed. Most inspections need to be handled by someone certified in Roofing in Silverdale WA. An experienced roofer can locate signs of problems that many people might miss. Even if you insist on visually checking the roof yourself, you can eliminate a lot of headache by having a professional inspect the roof every five years or so.
The most common roof repair is shingle replacement. This typically involves removing the old shingles and roofing felt and installing new product. If the roof damage involves the decking, then this is the time to fix it. Most homes built in the last forty years use some form of man made lumber on the roof. Originally, this was plywood, but more recently that has been replaced with OSB (Oriented Strand Board). Both of these products use glue to hold different pieces of wood together. When the wood gets wet it swells which breaks the bond with the resins and ruins the decking. Even a simple leak can result in damaged decking if it isn’t caught in time.
Once you know it is time to replace the roof, you have several choices in roof covering. The most common option is asphalt shingles which last between fifteen and twenty-five years. To ensure you get a long lasting replacement, you might want to opt for better Roofing in Silverdale WA such as steel roofing or fiber-cement tiles. Steel roofing is a lightweight sheet of stamped steel that can resemble several roofing options including wood shake, asphalt shingles and clay tiles. Steel roofing is generally warranted for fifty years or more. Fiber-cement is a durable tile system that is designed to last at least thirty years. One alternative to the standard asphalt is composite shingles. These are double or triple layered shingles that are shaped to give your roof a unique look. Composite shingles give your roof depth and character in a style that resembles slate.
Tuesday, August 6, 2013
This past Sunday, Illinois Governor Pat Quinn signed into law a bill known as “Rocky’s Law” that requires Illinois high schools, through the local school district, to buy catastrophic injury insurance up to US$3 million or medical costs for up to five years, whichever one comes first, that covers student athletes. The insurance must cover student athletes while they are competing.
The legislation was named after Rasul “Rocky” Clark. In 2000, the Eisenhower High School football player became paralyzed from the waist down as a result of a tackle during a game. His school based health insurance covered the costs of his medical treatment. A legislator sponsoring the bill noted that the need for this type of insurance is rare. Clark’s mother attended the legislation signing. Her son died last year.
Before parents can claim money from school insurance, they first must pay out US$50,000. Schools have until January 1, 2014 to comply with the law. Schools cannot charge students more than US$5 to defray the cost of insurance. If a school district already requires student to be covered through private health insurance, they are exempted from this law.
New homes in New York, specifically in Long Island, are some of the perfect locations for couples to raise their own children. The best gated residential areas are found in this well-off neighborhood, where the perfect public schools, local community colleges, and universities are situated. This serene spot is just about the ideal areas parents can look for new homes for sale. New York gated neighborhoods can offer the following rewards for parents and their kids:
1. The leading public, private, and parochial schools are found in the vicinity of gated neighborhoods of Long Island. A few of the very best public schools in the neighborhood are Mattling Middle School, Plainview-Old Bethpage High School, POB Middle School, Parkway Elementary School, Pasadena ES, Stratford ES, Old Bethpage ES, and K-Center.
As soon as the kids have graduated from high school, their own families can easily send them to the universities and colleges in the vicinity of Plainview, just like Briarcliffe College, State University of New York, or Long Island University. Kids who choose to attend the most notable universities in New York can go to Fordham, Cornell, or NYU yet still be near their moms and dads and siblings.
2. Plainview, Westbury, as well as other areas in Long Island are often far more calm and criminal offenses seldom transpire within the well-off community. Parents who are looking for a new house in New York can settle here and be at ease. Gated neighborhoods offer even more defense for occupants with twenty-four hours a day safety.
3. Kids, and even their moms and dads, will enjoy the state park, public library, and soccer club. One of the nearest parks in the community is the Bethpage State Park, which has five golf courses. The fairway hosted the U.S. Open Championship in recent years. Parents could take their kids on a picnic or maybe play and wander around on the grounds. Additionally, it has biking trails, tennis courts, and in addition they also can go cross-country skiing during wintertime.
The Plainview-Old Bethpage Library hosts a large variety of publications children may use for their homework. Children of different age groups will also have an opportunity to engage in in the community soccer team. Kindergarten kids up to those who will be in third grade can play in football matches planned to instill friendship in between children in the neighborhood.
4. Gated neighborhoods in Plainview plus other areas in Long Island most often have rivers, ponds, and even lakes where parents and their kids can also enjoy for the duration of scorching summertime. As most of these lakes and ponds are situated in the vicinity of their new house in New York, kids and parents could easily set up an alfresco meal on the site. These kinds of residential areas also have park systems, and their own fairways residents can also enjoy.
The Plainview-Old Bethpage area is just about the very best places for moms and dads that have kids to search for new homes for sale. New York has a lot of other areas which have very good residential areas all over the state, but nothing can beat Long Island in regards to lower crime rate, good quality homes, and just how best the community is for raising kids.
Article Source: sooperarticles.com/real-estate-articles/buying-home-articles/new-house-new-york-why-long-island-gated-communities-best-young-families-391681.html
About Author:
Ronnie lives in Plainview and knows how to obtain the perfect new house in New York. If you want to learn more about this, check out the best websites on new homes for sale New York for more information.Author: Ronnie Smith
Friday, July 29, 2005
Third qualifying round pairs of the UEFA Champions League were drawn today in Nyon, Switzerland. Winners of the second round are still to be determined Tuesday and Wednesday next week.
Everton have found out their fate in the Champions League. They will not be facing their Merseyside rivals and cup holders, Liverpool, but will play Villarreal of Spain.
Liverpool could be playing Tirana or CSKA Sofia if they first avoid Kaunas of Lithuania, while Manchester United will meet the winners of Hajduk Split of Croatia and Debrecen of Hungary.
AS Monaco would be playing Real Betis, while Rangers face Turkish side Trabzonspor or Anorthosis Famagusta from Cyprus.
Celtic could be facing Sheriff of Moldova or Partizan Belgrade, if they overturn a 5-0 deficit against Slovak side Artmedia Bratislava.
Saturday, May 26, 2007
A medical center, once the site of intense controversy over abortion in the 1990s, which has been vacant for nearly 10 years, was imploded in Buffalo, New York at 6:00 a.m. [eastern time] today.
Several streets in about a 2 block radius were shut down until the implosion occurred and the dust settled. At least 200 people watched in nearby parking lots and on rooftops of buildings to get a good look at the implosion.
The ground and the walls of buildings shook as the dynamite detonated and a brief shock wave could be felt as far as 1 1/2 blocks away. Witnesses even reported small pieces of bricks and concrete falling out of some buildings, but no one was injured.
The building, owned by Kaleida Health, once housed several medical offices, including an abortion clinic. Hundreds of people protested about the abortions outside the center during the Spring of Life Movement in 1992, but other medical procedures and treatments were also part of the center’s services. It was built in 1965 and was 14 floors tall.
Kaleida Health had the building imploded so that the current Buffalo Niagara Medical Campus can be expanded. Several other major medical facilities are also in the same area including Roswell Cancer Institute and Buffalo General Hospital.
“This implosion of 50 High Street will continue the explosion of growth on the Buffalo Niagara Medical Campus. This event will ensure future opportunity for investment, development and growth,” said the CEO and President of Kaleida Health in a statement on Thursday.
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India is the second largest producer of textiles and garments in the world. The textile and allied products earnings from export was $37.14 billion in FY16, or 13.71% share of Indias total exports of $262.29 billion in FY16. Currently, the size of the textile industry is estimated at around $108 billion. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts, and sericulture, which operate on a small scale and through traditional tools and methods. The second is the organised sector, which consists of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale.
Textile and specific to Garments: The readymade garments market is estimated at $45 billion, of which the domestic market is around $27 billion, while exports stand at $18 billion. The Indian branded apparel industry is estimated to be $10 billion in size and growing at 10-12% per annum.
The Indian textile industry contributes approximately 5% to Indias Gross Domestic Product (GDP) and 14% to overall Index of Industrial Production (IIP). The industry has witnessed an upsurge in investment during the last five years. The industry (including dyed and printed) attracted Foreign Direct Investment (FDI) worth US$ 1.85 billion during April 2000 to March 2016.
ABOUT ARVIND LIMITED
Indian Textile Industry has witnessed an upsurge in Investment in last few years and contributes approx. 5% to Indias GDP. Arvind Ltd is the largest cotton textiles manufacturer and exporter in India. The company’s principal business consists of manufacturing and marketing of denim fabric, shirting fabric, shirts, knitted fabric, and garments. The company has the rights to market international brands such as Lee, Wrangler, Arrow and Tommy Hilfiger in India. The company has also owned popular brands such as Newport, Flying Machine, Excalibre and Ruf & Tuf. They are having their production facilities at Ahmedabad, Mehsana, Gandhinagar in Gujarat, Pune in Maharashtra and Bangalore in Karnataka.
Arvind Ltd was incorporated in 1931 as Arvind Mills Ltd by three brothers Kasturbhai, Narottambhai and Chimanbhai. In 1934, they established themselves amongst the foremost textile units in the country. They are the first company to bring globally accepted fabrics such as denim, yarn dyed shirting fabrics & wrinkle free gabardines to India in the year 1986. The company produced 1600 million metres of denim per year in 1991 and became the third largest producer of denim in the world.
TRANSACTION OVERVIEW
Arvind Limited approved the draft scheme of amalgamation of its 100% subsidiaries, Arvind Brands & Retail Limited (ABRL) and Arvind Garment Park Private Limited (AGPPL) and Dholka Textiles Park Private Limited (DTPPL) with Arvind Limited.
Consolidation of these entities with Arvind Limited comes post branded garments business hold by Arvind Brand & Retail Limited hive off into SPV. In the SPV the group has attracted Private Equity Investors Multiple with dilution of 10% stake for approx. Rs. 50 crore with an enterprise value to Arvind Fashion Portfolio of Rs. 8,000 crore. The steps taken by the group before this announcement are as follows:
Composite Scheme of Amalgamation of Arvind Retail Limited with Arvind Lifestyle Brands Limited
Arvind Lifestyle is Subsidiary of Arvind Brand and Retail Limited. Arvind Lifestyle is one of the dominant players in the organized branded apparel market in India having a very wide network of exclusive branded outlets as well as multi-branded outlets.
Whereas Arvind Retail Limited is operating under the brand name Megamart and has been a pioneer in the value retail market offering many of its own private brands apart from a wide range of international brands.
Scheme of amalgamation of Arvind Fashion Brands Limited and Arvind Sports Lifestyle Limited with Arvind Lifestyle
Arvind Fashion Brands Ltd is engaged in desirable homegrown apparel brands with the Arvind promise of quality. Pioneering the launch of Arvind Fashion Brands Ltd. are western wear brands Shuffle and PRYM. The brands will retail across various e-commerce portals, with plans to expand the distribution channels to offline stores in the future.
Whereas Arvind Sports Lifestyle Ltd was set-up, with the objective of introducing exciting footwear brands to the Indian market through a mix of homegrown, acquired, licensed brands and joint ventures showcasing the Arvind promise of quality across ranges. Arrow, US Polo Association, Flying Machine, Cole Haan & Heatwave are just a few of the premier footwear brands that will pioneer Arvind Sports Lifestyle’s entry as it looks to establish itself as a major force in the Indian footwear industry
Scheme of Amalgamation of Asman Investments Limited and Arvind Brands Limited with Arvind Brand & Retails Limited
Asman Investment is engaged in business of trading of fabrics and garments and investment in properties and one group listed company i.e. Atul Limited. Asman might have exited properties and investment in group listed company before amalgamation.
Pursuant to scheme, there is transfer of branded garment business of Asman to the Arvind Brand and Retails Limited. The financial of Arvind Brands Limited is not available.
Hive of all business of Arvind Fashions Portfolio (Branded Garments) in SPV by Arvind brand & retail to Arvind Fashions Limited
Sale of 10% stake in Arvind Fashion Limited to Multiple Fund, a private equity investors which has currently invested in Arvind Limited for approx. Rs 750 crore.
Please Note: ESOP to Dholka Textiles Park Private Limited which might be to the employee.
CONSIDERATION AND ACCOUNTING
Arvind Ltd shall not issue or allot any equity shares as ABRL, AGPPL and DTPPL are wholly owned subsidiaries of Arvind Ltd. Accounting for amalgamation is as per INDAS 103 Business Combination.
BUSINESS OVERVIEW
Arvind Garments Park Private Limited Dholka Textile Park Private Limited Arvind Brands and Retails Private Limited
Main business of the company is to develop Garments Park by acquiring land and creating other infrastructure developments for the park. Main business of the company is to develop Garments Park by acquiring land and creating other infrastructure developments for the park. Post Hive off the brands business portfolio which included apparel brands such as Calvin Klein, Tommy Hilfiger, US Polo Assn., Ed Hardy, Arrow, Gant, and Nautica among others. The company is engaged in the business of making investments in Subsidiary Companies of Arvind Group
WHY THIS TRANSACTION
The groups business and operations will be consolidated with an aim to optimise utilisation of resources; the assets of the subsidiaries will be used for textile projects and setting up companys own manufacturing plants.
The operation business of garments of subsidiaries has been hive off to SPV to attract investors, therefore subsidiaries left only with properties and assets so clubbing of subsidiaries will bring management under one roof and there will be more of a focused leadership in the organization.
This transaction will help Arvind Ltd unlock the value, that the brands business has accomplished in a short period and add financial muscle to future strategic opportunities for the group.
The transaction of stake sale helps Arvind unlock the value that the brands business has accomplished in a short period and add financial muscle to future strategic opportunities for the group.
Fund Raised and Utilisation:
It is proposed to reduce the groups debt down from Rs 3,200 crore to Rs 2,460 crore by using this Rs 740 crore of proceeds. The ideal debt to equity ratio of a company will be reduced to 2.1, So this deal will also improve the financial leverage. The stake sale gives the brand business arm an enterprise valuation of almost Rs 8,000 crore at one year forward multiples of 20-25 times
INVESTMENT BY MULTIPLE
The investment by multiple PE is a strategic long-term investment. In January 2014, it had also picked up a little under 4% stake in Arvind for around Rs 150 crore by purchasing shares on the stock market through the foreign institutional fund and Indian funds.
It is a very interesting mix of bridge to luxury brand and brands for the mass market. It also has an interesting proportion of speciality retail. So, it is a unique combination of old brands, licensed brands, and speciality retail and this is a business Arvind has been nurturing for many years. So, they have a very experienced management team and a very robust strategy on how you address the consumerism opportunity of the Indian market. And the fact that it is a very large bouquet gives them lot of unique advantages when it comes to retailing out spaces or identifying an appropriate merchandise or even on the brand spend.
INDUSTRY ATTRACTING INVESTORS
Earlier in August 2016, US-based PE firm TA Associates Management LP invested $140 million (Rs 970 crore) by acquiring existing shareholders (promoters and private equity investors) in TCNS Clothing Co. Pvt. Ltd, a leading womens apparel platform that sells popular fashion brand W. The company does not need cash as it is cash rich. The transaction helps Arvind Group unlock the value that the brands business has accomplished in a short period and add financial muscle to future strategic opportunities for the group.
The brands are present in more than 1,600 points of sale across India, Mauritius, Sri Lanka and the Middle East, and in over 300 exclusive stores in more than 100 cities. The firm has achieved consumer sales of more than $120 million (Rs 830 crore) in 2016, resulting in 70% year-over-year growth. The company did not share details of the transaction but said TA Associates has picked a minority stake in the privately held firm.
In February 2016, Premji Invest, an existing investor in the Fabindia, bought an additional 8% stake in the company from exiting investor L Capitals 8% for around Rs360 crore. The Indian consumption story has attracted other major PE funds too like Everstone Capital, Warburg Pincus and US fund General Atlantic who have invested in brands like Ritu Kumar, BIBA Apparels Pvt. Ltd and Anita Dongres firm House of Anita Dongre.
CONCLUSION
The Group has consolidated the branded business into a SPV Arvind Fashion Limited and remaining assets in Arvind Limited. Arvind Fashion Limited has attracted Multiple PE investor which will help to unlock the value that the brands business has accomplished in a short period and add financial muscle to future strategic opportunities. Multiple has shown faith in Arvind by making an initial investment in Arvind Limited and now major investment Arvind Fashion Limited which might be in minority but it is strategic long term investment.
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Friday, January 4, 2013
The Pakistani schoolgirl Malala Yousafzai, who was shot by the Taliban for campaigning for education for girls, was discharged yesterday from the Queen Elizabeth hospital in Birmingham, England after success in the first stage of her medical treatment.
In October, Yousafzai was shot by Taliban forces on a school bus in Mingora, Swat District, Pakistan. She was given emergency treatment in Pakistan and then flown to Britain for treatment at a specialist unit which deals with injured soldiers.
Dave Rosser, University Hospitals Birmingham NHS Foundation Trust medical director, gave a statement about Yousafzai’s release from hospital: “Malala is a strong young woman and has worked hard with the people caring for her to make excellent progress in her recovery. Following discussions with Malala and her medical team, we decided that she would benefit from being at home with her parents and two brothers. She will return to the hospital as an outpatient and our therapies team will continue to work with her at home to supervise her onward care.”
She is due to return to hospital in a few weeks for cranial reconstructive surgery.
Thursday, December 13, 2007
Victoria Wyndham was one of the most seasoned and accomplished actresses in daytime soap opera television. She played Rachel Cory, the maven of Another World‘s fictional town, Bay City, from 1972 to 1999 when the show went off the air. Wyndham talks about how she was seen as the anchor of a show, and the political infighting to keep it on the air as NBC wanted to wrest control of the long-running soap from Procter & Gamble. Wyndham fought to keep it on the air, but eventually succumbed to the inevitable. She discusses life on the soap opera, and the seven years she spent wandering “in the woods” of Los Angeles seeking direction, now divorced from a character who had come to define her professional career. Happy, healthy and with a family she is proud of, Wyndham has found life after the death of Another World in painting and animals. Below is David Shankbone’s interview with the soap diva.
Monday, January 15, 2007
Legendary Bollywood actor Amitabh Bachchan has confirmed that his son Abhishek and former Miss World Aishwarya Rai were engaged last evening at a private ceremony at the Bachchans’ residence in Mumbai.
It is believed that the younger Bachchan proposed to his bride-to-be in New York, soon after the Toronto premiere of his new movie Guru. The media had been following the romance between the two closely for some time past, but this is the first time they have come out in the open about their relationship. Rumours that the couple were planning to spread the know began to spread in November last year, when they visited the Sankat Mochan Temple together, with some even saying that they had already been married even earlier at the Meenakshi temple in Madurai
According to one daily, the wedding will take place either on February 19 or March 7 at the Hyatt Mumbai. “The children have decided. We are very happy and thought we should go ahead with the ‘roka’ ceremony. It was held in the evening.”, Amitabh Bachchan said of the ceremony, which was attended by the family’s close friends, including Samajwadi Party leader Amar Singh, Aishwarya’s parents, and industrialist Anil Ambani and the latter’s wife Tina Ambani. The couple have now flown to Ujjain to take a holy dip in the Ganga.