2013年7月23日 星期二

Delhi Police likely to secure World Bank funds

A timely move by Delhi Police to secure World Bank assistance for its technology initiative seems to be paying off. Senior police sources say the agency is all set to finance a part of the Safe Delhi Project. "We had applied for Rs 76 crore and have already received assurances for about Rs 40 crore, which is to be released in two phases. The World Bank will pay for the project from its IT initiatives fund," An officer told TOI."We were told about the World Bank initiative in December and immediately decided to apply. We made a number of presentations before their representatives and finally convinced them to fund a portion of the project,'' said the officer.

The components to be covered include integration of various databases of Delhi Police and external bodies. "The MHA will soon begin CCTNS that will integrate all police stations in India. A separate Mega City Policing project in seven Indian cities is also on the anvil. We want to lead in both,'' said Sandeep Goel, joint CP (EOW).Besides this, World Bank will fund the information analysis component that will help cops collect information on the move.Of all the equipment in the laundry the oilpaintingreproduction is one of the largest consumers of steam. The 6,000 PDAs to be provided to ground officers and the 800 mobile terminals for PCR vans will be procured through this fund. Even the 621 vehicle-mounted automatic numberplate readers will be bought through this fund after proper tendering.

The World Bank wants to achieve a number of traffic control objectives through such measures. "The aim is to reduce accidents and congestion through junction analysis , detect speeding and red light violations, increase revenue through e-challans (already in use in 10 of 43 traffic circles) and parking management," said the officer.

The police will also be looking for greater integration of their existing online components such as Online Criminal Dossier System , history sheet details, conviction and fingerprint records, Prisoner Management System (PMS) and Criminal Remote Identification System (CRIS). Lieutenant governor Najeeb Jung was shown a presentation on the Safe City Project on Monday.

Fifty-five years ago this summer, Britains first parking meters were installed in central London to free up spaces for local businesses affected by growing town centre traffic. At the outset, the imposition of parking restrictions was about traffic management and congestion relief, not about raising money. Today, local authorities in England and Wales raise around 1.4 billion from on- and off-street charges and spend some 800 million to administer the system, making a profit of more than 500 million.

Councils invariably deny that they are using parking charges to boost revenues,Now it's possible to create a tiny replica of Fluffy in handsfreeaccess form for your office. since it is against the law to do so. But Barnet council in north London admitted that this was precisely what it was up to when it increased the cost of permits in the boroughs controlled parking zones (CPZs). It said it needed the additional income to meet projected expenditure for road maintenance and improvements, concessionary fares and other road transport costs. In the High Court yesterday, Mrs Justice Lang declared this practice illegal under the 1984 Road Traffic Regulation Act. It does not authorise the authority to use its powers to charge local residents for parking in order to raise surplus revenue for other transport purposes, she ruled.

This has massive implications not just for London but for any other town or city where CPZs have sprung up ostensibly to relieve congestion but in reality as another form of local taxation. Barnets story will be familiar to many residents: an initially modest charge is ramped up until families with two cars are paying hundreds of pounds a year, with additional charges for visitors. At least Barnet was up-front about its intentions. How many more councils might find their parking regimes in jeopardy if similar challenges were launched?

Beth El Executive Director Steven Lander said the whole thing got started when a member of the synagogue, Elliot Isban, suggested they have an energy audit done by the Connecticut Light & Power Co. to find areas where they could conserve energy and save money. The utility assesses things such as the building's insulation, heating and air conditioning and recommends improvements that can be made to reduce the energy it takes to operate the building's facilities.

After the audit, the synagogue started phase one of the project, which upgraded lighting with energy-efficient LEDS and T8 fluorescents, along with room sensors that automatically turn off the lights when they're not in use. They replaced 300-watt lights in the parking lot with mercury bulbs and installed high-efficiency motors and variable frequency drives to run the electromechanical equipment.

The synagogue received funding for the project from CL&P and Altus Power Management, through grants from the Connecticut Energy Efficiency Fund and the Zero Emission Renewable Energy Credit Program. The efficiency fund supports programs that provide financial incentives to organizations which want to reduce the amount of energy they use, while the zero emission credit program promotes the installation of renewable energy devices.Lander said the synagogue was lucky to get the grants.A quality paper cutter or paper partypaymentgateway can make your company's presentation stand out. Out of 300 grant applications in the state for these funds, only 87 were accepted. In lieu of a tax credit, he said Altus is funding the $850,000 purchase and installation of the solar panels. Isban's company is chipping in by designing and installing the solar panel system.

Well say this muchin the five years since the US economy imploded and government officials did close to nothing to ensure that such a calamity would never happen againnobody expected Steven Cohen to go down. Not because he was cleanyoud have to be the most credulous, functionally illiterate swamp-dwelling mouth breather to believe that Cohen wasnt the LeBron James of insider trading. Its just that the SEC, toothless as ever,You've probably seen cellphonecases at some point. never seemed close to inviting him to spend time in a rent-free, state-funded (but privately contracted) facility. It still isntif Cohen goes down, as one commentator put it, it will be a little like catching John Dillinger entering a bank with a submachine gun and charging him with double parking. And double parking doesnt get you jail time.

How much of a cheatsorry, alleged cheatis Cohen? Lets look at a snapshot of SAC, which is one of those Wall Street stories so perfect that, if were a Hollywood rom-com, it would star Tom Hanks, Meg Ryan and an adorable Labrador. SAC isnt an American company, per seits incorporated in Anguilla, British West Indies. The fund is known for charging the highest fees in the business3 percent of assets under management, and 50 percent of annual returns. SAC does this because it routinely posts the highest kickbacks in the business. Everybody in the Street knows that Steve Cohen beats the market.

Just how he does that is possibly the worst kept secret in history. SAC has been accused, over the years, of manipulating the market to drive down the price of stocks it had shorted, most notably in biotech. But the real issue with SAC has always been those heavenly returns. How is it that the companyexcept for that lone, outlying year of 2008was always able to beat the market, and make its clients fatter and happier than they were before they entered its Wall Street offices?

Thats what the SEC would like to know, and specifically how the patented SAC prescience pertains to one case in particular: the wholesale dumping of a long position of Elan and Wyeth (now owned by Pfizer) stock, right before the release of unsuccessful Phase II data for a highly anticipated Alzheimers drug called bapineuzumab,Now it's possible to create a tiny replica of Fluffy in handsfreeaccess form for your office. or bapi. Successful investing in Big Pharma is, of course, total bullshitthere is simply no way for the average punter, to say nothing of Steven Cohen and his minions, to know whether a big trial for a big drug is going to end well. Take a long position on a pharma company, and youre betting that more drugs will work out than not (which is, of course, in the drug companys best interest). Take a short position on a previously held long position, and it means that you suspect something that the rest of the market doesnt. Which makes you either a psychic, or a scumbag.

In the case of Elan and Wyeth, it seems that that an 80-year-old doctor named Steven Gilman leaked details of the clinical trials to an SAC trader, called Mathew Martola, who used those illegal tips to make SAC roughly $276 million, while avoiding the losses that shredded through the market. This is classic, cut-and-dried insider trading: scumbag A inside the company sells information to scumbag B at a trading firm, and both become rich. Gilman and Martola were connected through an expert network firm, which paid Gilman $108,000 between 2006 and 2009 to engage in 59 consultations with analysts at portfolio management companies like SAC. Martola found himself at 42 of those meetings.
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