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Canada's 2015 capital spending plans decline on oil and gas

Comments AA Canadian capital spending will decline this year for the first time since the 2009 recession, led by a plunge in the oil and gas industry.Planned expenditures by companies and governments on non– residential construction and machinery and equipment will drop 4.9 per cent from 2014 to $251.8-billion, Statistics Canada said Monday from Ottawa, based on a survey of 25,000 businesses and organizations. Investment plans by oil and gas, mining and quarrying businesses will drop 18.7 per cent to $67.9-billion. Canada’s economy has been shrinking as a plunge in energy prices led companies such as Suncor Energy Inc. to scale back investment projects. Falling capital spending led output to contract in the first quarter, and Statistics Canada reported last week the economy shrank again in April.In Alberta, the hub of Canada’s energy industry, investment plans fell 11.0 per cent to $82-billion.The report showed private industry investment plans falling 7.0 per cent and public sector plans down 0.2 per cent.The survey was taken from October 2014 to January 2015. More Related to this Story Canadian economy observers brace for weak jobs numbers, call for rate cut Corporate Calgary cuts Stampede spending amid oil gloom More M&A deals likely as crude recovery runs out of gas Topics: Energy Canada ...  

AC Milan set to wrap up Mauri switch

Jose Mauri in action for Parma. AC Milan will sign defender Jose Mauri from Parma subject to the player passing a medical. Mauri, 19, arrived in Milan on Monday to undergo tests, with the Serie A club confirming his arrival on their website. "Jose Mauri is on his way to the La Madonnina clinic from the Milan Linate Airport," a statement said. "Once there, the young midfielder will have his medical. In addition to the Milan medical staff, the Milan Channel are also on hand ready to capture the moment." Upon arrival at Linate airport, Mauri gave an interview to Sky Sport Italia in which he spoke of his delight at the impending move. "I'm emotional," he said. "We haven't done the medical yet, but Milan is a dream for me and I hope they will help me grow. "They are one of the biggest clubs in the world -- the one which has won the most titles together with Boca Juniors. My Rossoneri idol is Gennaro Gattuso, while my overall idol is Javier Mascherano. "[AC Milan's general manager Adriano] Galliani called me while I was in Argentina. It was a very big call for me. I was born ready, which is what I always tell my agent." Fiorentina had also been pursuing the Argentinean defender, who has left Parma following their bankruptcy and enforced relegation to the fifth division of Italian football. He is set to sign a four-year contract. Mauri, who also holds an Italian passport and has represented Italy at under-17 level, played 35 games for Parma last season, scoring two g...  

You're about to pay A LOT more for health insurance

Sylvia Mathews Burwell, the secretary of health and human services, said that federal subsidies would soften the impact of any rate increases. Of the 10.2 million people who obtained coverage through federal and state marketplaces this year, 85 percent receive subsidies in the form of tax credits to help pay premiums. In an interview, Ms. Burwell said consumers could also try to find less expensive plans in the open enrollment period that begins in November. "You have a marketplace where there is competition," she said, "and people can shop for the plan that best meets their needs in terms of quality and price." Blue Cross and Blue Shield of New Mexico has requested rate increases averaging 51 percent for its 33,000 members. The proposal elicited tart online comments from consumers. "This rate increase is ridiculous," one subscriber wrote on the website of the New Mexico insurance superintendent. In their submissions to federal and state regulators, insurers cite several reasons for big rate increases. These include the needs of consumers, some of whom were previously uninsured; the high cost of specialty drugs; and a policy adopted by the Obama administration in late 2013 that allowed some people to keep insurance that did not meet new federal standards. "Healthier people chose to keep their plans," said Amy L. Bowen, a spokeswoman for the Geisinger Health Plan...  

Salt water quirk key to bubble desalination

The researchers suggest a 150m2 greenhouse could produce up to 30kg of crops daily while providing additional fresh desalinated water through night-time condensation. Credit: ProFlowers A team of Murdoch University researchers have designed an efficient, small-scale greenhouse combining desalination with food production. They say the Bubble-Greenhouse represents an easy-to-operate, low-maintenance option for remote regions and communities faced with groundwater salinity issues. The key to the concept is its novel humidification-dehumidification (HD) process, which projects to have a much higher water-production capacity than existing small-scale desalination technologies. In the HD system, solar or wind generation powers a regenerative blower which pushes air through finely-pored sinter discs located within a six-chamber column evaporator filled with saline water. The result is thousands of fine bubbles, with some special properties. "The key to our effective evaporation process is the large air/water interface produced and maintained by a unique property of salt water," PhD candidate Mario Schmack says. "Unlike in a freshwater bubble column where bubbles would continuously collide and join together as they oscillate upwards, it has been discovered that by adding salt to a floatation chamber, bubble coalescence is inhibited by a still unexplained property." A finer bubble stream means more surface area for eva...  

Big Interview: India can't be badminton superpower without strong doubles ...

Vimal Kumar's bright orange sports outfit was in stark contrast to the surroundings at the Prakash Padukone Badminton Academy.The academy, located on Jasma Bhavan road in Bangalore, is hard to spot. There is no big gate and parking area or green playing field like at Pullela Gopichand's academy in Hyderabad. Nor is there the massive staircase.The PPBA has soft colours, and Kumar's desk is cluttered with paperwork, a buzzing printer and assorted pictures. The door is always ajar. Players walk in and out of his office area.The former chief coach of Indian badminton calls up home to delay his lunch appointment and says the interview should be 'quick'. But he ends up speaking for more than half an hour with Firstpost -- his passion for badminton has seen him go from Malaysia to Cape Town and Auckland as a coach -- and now sees him train India's World No 2 Saina Nehwal.Badminton coach Vimal Kumar with Saina Nehwal. AFPIn a freewheeling chat held in early June, Kumar talks about India's doubles problem, where the government and the Badminton Association of India (BAI) can spend money and how he enjoys being 'Saina's coach'.Is India a badminton superpower? How much out of 10 would you give India as a badminton power?Not really. We are one step below that level. Korea, Indonesia and China are at that level. We need to strengthen our paired event – only then can we be called a badminton superpower — but this has been happening since 25 years. I would give seven out of 10...  

Ilkay Gundogan reveals he snubbed lucrative offers in favor of Borussia ...

Updated JUL 06, 2015 7:23a ET Ilkay Gundogan says he turned down several offers to stay at Borussia Dortmund and has urged supporters not to believe the rumors that circulated around his future. The 24-year-old seemed set to leave Signal Iduna Park in April when Dortmund announced that he had declined to agree a contract extension amid reports in Germany that a £21.5 million move to Manchester United was imminent. Barcelona were also heavily linked with Gundogan but after changing his mind and signing a one-year extension last Wednesday, the Germany international admits he can understand the frustration of Dortmund fans, some of whom jeered him during a 17-0 victory during a charity game on Saturday. "I believe that if I perform well and become a better player I can convince a lot of people," the Germany international told Bild. "Hopefully I can also convince the ones that are upset now. "They are upset because they believed what was said in the newspapers. I would have believed that as well if I was an outsider. I can even understand why fans are whistling me now. The situation was painted wrongly to the public. "But the club and myself know the truth. Both sides always confirmed that we treated each other honestly and fairly. I had lucrative offers that BVB knew of and I deliberately turned them down to stay." Gundogan picked was ruled out of all of the 2013-14 season, having picked up an ...  

How does aging affect athletic performance?

Enlarge Rowers show the least decline in VO2max compared to other endurance sports. Credit: www.shutterstock.com I remember the moment a few years ago while watching TV when I realized that if I were riding in the Tour de France, at age 42 I'd be the oldest person in the race. It hit me that my dream of racing in cycling's biggest event was over…it was not going to happen. Not that I'd been competing, let alone training seriously, on the bike for a number of years. Or that not even in my "prime" years for competitive cycling would I have been good enough. It's just that now I had an excuse…. I was too old, too far past my prime years. So what happened? Is there a physiological reason people in their mid-40's are no longer able to compete at the professional level in most sports, or is it a constellation of challenges, such as the time devoted to training, motivation, managing kids' schedules or busy work demands? "I'm old" is the common refrain for why we get worse at athletics as we age. But here's what's really happening in the body through the years to make world-class performance less possible. And, interestingly, there are a few physiological elements that contribute to athleticism that don't seem as affected by aging. The 'sweet-spot' age In most sports, there is an age "sweet spot," at which the combination of physical, technical and strategic abilities comes together. In most sports, this age sw...  

M'Baye Niang: I'm Ready to Prove Myself at AC Milan

AC Milan striker M'baye Niang says he is ready to ​showcase his abilities and repay the faith the club have showed in him.The young Frenchman has been at the club since joining from Caen in 2012 and has scored just one goal for the Rossoneri, but had a productive loan spell away at Genoa during the second half of last season, striking five times in 12 appearances.Niang, who recently extended his contract with the Serie A side until 2019, has returned to the San Siro with competition in the forward line fierce, particularly after the arrivals of Carlos Bacca from Sevilla and Luiz Adriano from Shakhtar Donetsk, and Milan currently have 10 forwards in their squad, meaning playing time will be difficult to come by.However, the 20-year-old is ready to bide his time and wait for his opportunity to shine. ​“I am very happy to have extended my stay with Milan. Through this extension I feel the confidence of coach Mihajlovic and of the club and I hope to repay it,” he told Italian publication Footmercato.net.“In December I had decided to go on loan to Genoa as I thought I needed to play in order to show that I can become a big player at Milan. "Thanks to Genoa and the staff there I had six good months that allowed me to return to Milan. My return it not about revenge, just a willingness to demonstrate my qualities.“I return to Milan in a different state. The arrivals of Carlos Bacca and Luiz Adriano? Big players h...  

New Honda CEO Shifts Focus to Technology

Honda Motor Co. HMC 2.42 % ’s new chief executive is making a break from his predecessor by prioritizing new technology, while stepping back from the aggressive sales targets the Japanese auto maker had struggled to meet. In his first news conference as CEO, Takahiro Hachigo said he wants to ensure employees have enough time to develop strong products, as Japan’s No. 3 car maker behind Toyota Motor Corp. TM -0.64 % and Nissan Motor Co. NSANY 1.83 % grapples with slowing sales growth, quality lapses and overworked engineers. “I want to prioritize the development of Honda-like products rather than expanding sales volume,” the 56-year-old, who became CEO in June, said at Honda’s headquarters in Tokyo on Monday. “The team that’s involved in on-the-ground development needs to spend time to develop better products, and I want to support them by making sure that time is secured.” Mr. Hachigo’s tenure kicks off as Honda faces a crossroads: After five decades of making cars, Honda lacks the size or cash of larger rivals such as Toyota. Honda has long projected a youthful brand image and stressed technological innovation, but some critics say those traits have been diluted as the company has grown. In recent years, Honda engineers haven’t had much time to develop models, as the auto maker sought to rapidly expand car sales. Mr. Hachigo’s predecessor, Takanobu Ito, who took over as CEO in 2009, had set out to ...  

The most influential climate change papers of all time

06 Jul 2015, 12:00Roz Pidcock Climate papers | Carbon Brief Which of the many thousands of papers on climate change published each year in scientific journals are the most successful? Which ones have done the most to advance scientists' understanding, alter the course of climate change research, or inspire future generations? On Wednesday, Carbon Brief will reveal the results of our analysis into which scientific papers on the topic of climate change are the most "cited". That means, how many times other scientists have mentioned them in their own published research. It's a pretty good measure of how much impact a paper has had in the science world. But there are other ways to measure influence. Before we reveal the figures on the most-cited research, Carbon Brief has asked climate experts what they think are the most influential papers. We asked all the coordinating lead authors, lead authors and review editors on the last Intergovernmental Panel on Climate Change (IPCC) report to nominate three papers from any time in history. This is the exact question we posed: "What do you consider to be the three most influential papers in the field of climate change?" As you might expect from a broad mix of physical scientists, economists, social scientists and policy experts, the nominations spanned a range of topics and historical periods, capturing some of the great climate pioneers and the very latest climate economics research. Here's a link to our summar...  


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