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first_imgForensic accountant: Australia’s Adani Mining is in ‘perilous financial condition’ FacebookTwitterLinkedInEmailPrint分享Australian Broadcasting Corporation:Professor Sandra van der Laan casts her eyes over the complex corporate structure for Adani’s Australian operations. “It looks to me like a corporate collapse waiting to happen,” she says. “It has all the hallmarks of the big corporate failures we’ve seen over the last 20 to 30 years.”Professor van der Laan, a forensic accounting specialist who heads the discipline of finance at the University of Sydney, has a reputation for picking “corporate collapses waiting to happen”.The more immediate concern is Adani Mining Pty Ltd, the Australian-registered company which is the proponent of the Carmichael coal mine in the Galilee Basin. As a private company, the subsidiary is only required to release reduced financial statements with limited detail — but enough to raise red flags for Professor van der Laan and other critics. The accounts show the owners have contributed less than $9 million in equity to the business and total liabilities exceed total assets by more than half a billion dollars. Current assets of less than $30 million are swamped by current liabilities, due over the next 12 months, of more than $1.8 billion.“Adani Mining is in a very fragile, even perilous, financial position,” Professor van der Laan observes. “The gap between the current assets and liabilities is what’s really concerning. Effectively on paper they are insolvent. I wouldn’t be trading with them, as simple as that. I wouldn’t have anything to do with them.”The coal is likely destined for power stations in India owned by Adani Power Ltd, listed on the Bombay Stock Exchange but controlled by the Adani family. It released its latest accounts this month. Adani Power is highly leveraged with daunting debt — on current exchange rates, about $US7 billion net, or $10 billion — and thin earnings by comparison.The poor financial position of Adani Power may be one reason why Adani has failed to find a bank anywhere that is willing to finance the Carmichael coal mine, argues Tim Buckley, research director of the Institute for Energy Economics and Financial Analysis, a philanthropically-funded body which promotes a transition to sustainable energy. “One of the key things an external investor or financial institution would require is that you have an off-taker [for the coal] that is solvent,” says Mr Buckley, a former investment banker who has been analysing company accounts for more than 30 years. “Adani Power hasn’t made money for a decade. On any reasonable interpretation it is not solvent.”More: Adani’s Carmichael coal mine surviving on lifeline from Indian parent companylast_img read more


first_imgAre crew members or other personnel trapped in locations overseas? How can they be returned home safely and efficiently? For illustration purposes; Source: Haynes and Boone Are there quarantine provisions in place on-board/on-site? Are there rules in place to safeguard the crew/personnel which include cleaning and personal distancing rules? Recent WHO guidelines require that there is an outbreak management plan on board that is implemented even when infection is only suspected. It is essential that detailed records are kept which are sufficient to prove the impact of these events on performance as well as any mitigation steps taken. Careful review of existing contracts should be undertaken, including those of subcontractors, and a risk analysis should be undertaken to identify those areas where the risk of impact is highest. The effect of a possible FM event on a party’s contractual obligations will depend on several points, all relating to whether or not performance has actually been prevented: Force Majeure As such, the definition is non-exhaustive and may be broad enough in some cases to cover things like travel restrictions and other governmental intervention arising from the pandemic. SupplyTime “Charter Party of Offshore Vessels” (2017): The FM Clause itself makes no specific mention of epidemics and pandemics but does include “government requisition, control, intervention, requirement or interference” as well as “any other similar cause [to those specifically listed] beyond the reasonable control of either party”. Although epidemics are not specifically included, the list is non-exhaustive, and it could therefore be argued that COVID-19 meets this broad definition. It is also necessary that the claiming party proves it was “prevented” from performing by the relevant event and notifies the other party within 14 days of becoming aware of it. However, the provision will only give rise to a claim for an extension of time; claims for additional costs are restricted to a limited set of specific events such as war and hostilities. The dispute in this case arose under a long-term drilling contract between Seadrill and Tullow regarding the use of the semi-submersible drilling rig “West Leo” for operations offshore Ghana. The contract had been signed in 2012, with a term lasting until June 2018. In December 2016, however, Tullow notified Seadrill it was terminating the contract for FM and relied upon a new order from the International Law of the Sea that prevented “new drilling” in one of the relevant fields. The wording in the FM clause relied upon by Tullow included reference to a “drilling moratorium imposed by the government” and the judge found that this order, coupled with a subsequent letter from the Government of Ghana to Tullow asking it to comply with it, was sufficient to trigger the clause. Notwithstanding this, the fact that Tullow had also failed to secure permission from the government to drill additional wells amounted to a second “effective cause”, and the judge held that, considering the specific wording of the clause and the relevant previous legal authorities, the fact that this also prevented performance was sufficient to mean that the FM clause could not be relied upon. In essence, therefore, the relevant test was whether “but for” the FM event, would the party have performed? As this case makes clear, the precise wording of the relevant contract will be determinative. In light of this, it is therefore helpful to review how the standard forms used in the industry deal with this issue. The key differences between the various standard forms relate to whether Covid-19 permits a claim for FM and, if so, if this provides for both an extension of time and a cost claim, or just the former. It is important to bear in mind that the notice provision under this clause is a relatively short 5 days. However, more importantly, the 2017 edition of the standard form incorporates BIMCO’s “Infectious or Contagious Diseases Clause” which will allow Owners to refuse to proceed to or remain at a port where there is a risk of exposure to an infectious disease. Communication is key LOGIC standard forms include a reference to a change in law “or any regulation or bye-law of any local or duly constituted authority or the introduction of any such Statue, Ordinance, Decree, Law, regulation or bye-law” as a potential FM event. There is also a general provision entitling the contractor to adjustment of the Contract Price in the event of changes in any applicable laws, rules and regulations made after the effective date of the contract. Are there travel restrictions on specific nationals to the relevant jurisdiction? Are there exemptions in place for specific types of workers? How will this impact on your ability to respond quickly to, for example, breakdown? Jumping the gun Most FM clauses require that the relevant event was unknown, or could not have been predicted, at the date of execution of the contract. Therefore, unless these standard terms are modified, and Covid-19 is handled explicitly, it is unlikely the crisis and its consequences could be claimed as an FM event later. The current and future impact therefore needs to be discussed by the parties and incorporated into the relevant wording. With respect to contracts signed in the first few months of the year, one potential issue is the precise date a party could be said to know of the FM event. Was it after the virus was declared a Public Health Emergency of International Concern on 30 January 2020, or when it was declared a pandemic on 12 March 2020? It is to be expected that disputes will arise turning on precisely when the relevant party knew, or should have known, about the impact of the pandemic.Ensure that there are no gaps between the provisions in any subcontracts and those in the main contract. In particular, be careful of any local law definitions of FM and ensure that, should these permit a subcontractor not to perform, this excuse is passed up the chain. This is particularly important because some jurisdictions will imply terms relating to FM into contracts, and the meaning of these may be very widely interpreted.Make sure that that contract addresses explicitly the extent to which a party is entitled to recover costs relating to delays incurred, or an inability to perform, arising from either Covid-19 itself or any measures put in place to combat it.Make sure to consider all possible “worst-case” scenarios in your thinking and, in light of the uncertain timescale and severity of the ongoing disruption, these should be considered from an extremely pessimistic perspective. LOGIC: The standard form contracts, including the 2004 General Conditions of Contract for Marine Construction and the recent 2018 General Conditions of Contract for Offshore Decommissioning, all contain an exhaustive list of possible FM events which does not include “pandemic” or anything relating to illness and disease. As such, unless the wording has been amended, Covid-19 and its consequences will not be sufficient to trigger this clause (subject, however, to the change in law provision dealt with further below). If changes to the wording have been made, it is important to note that LOGIC also explicitly requires a causal connection between the relevant event and the failure to perform, which must be demonstrated by the party seeking to rely on it. Notice is usually stated to be required “without delay”, the precise nature of which will be highly fact specific. The most recent significant ruling on the issue under English Law was the 2018 decision of the High Court in Seadrill Ghana Operations Limited v Tullow Ghana Limited, in which our firm acted for the successful party. Finally, should the current crisis continue unabated, the contract may contain provisions which allow for termination where performance is hindered for a certain period. Should such wording exist, the relevant time periods and notification requirements must be carefully considered and observed before any notice of termination is served. Where a party terminates incorrectly in reliance upon an FM event, it could similarly find itself in repudiatory breach of contract and liable to the other party for damages. One possible point to consider is whether the contract permits a party to argue that new regulations put in place as a result of the pandemic amount to a change in law and thereby permit a FM claim or a claim for payment arising from any extra costs incurred. This will, as always, depend on the precise wording of the contract. Within the standard forms there are a number of different provisions. Furthermore, the standard termination clause provides that either party may give 14 days’ notice of an intention to cancel should the FM event not be remedied. The knock-on effect of this for the wider project could be significant. As the recent tidal wave of legal notes and briefings relating to Force Majeure (FM) under English Law have all made clear, there is no set definition of FM in this legal system. Things will therefore turn, as they often do, on the precise wording of the relevant contract. Practical concerns If a party declares FM but is not contractually entitled to do so, it is potentially in breach of contract. Furthermore, should such a declaration amount to evidence that the relevant party does not intend to perform the contract, this could amount to a repudiatory breach and permit the other party to terminate and claim damages. As such, it is vital that any response to a FM notice is carefully worded to ensure that it is not deemed a waiver of the right to challenge its validity. Thinking outside of the box may well prove to be a highly beneficial strategy at a time of an unprecedented global catastrophe and inventive solutions may turn out to be the only ones available. Each situation, and each contract, will be unique and should be carefully reviewed before any steps are taken.center_img Key considerations for new contracts Making the most of a bad situation Communication with employees, governments, subcontractors and contractors is key. Relevant industry associations may also provide assistance to facilitate the safe continuance of operations, particularly where the wellbeing of workers is at stake. Projects are being delayed or postponed indefinitely and companies along the supply chain are facing substantial difficulties in performance. Companies are beginning to report offshore workers with confirmed cases of Covid-19 and supply bottlenecks are already becoming apparent. This situation is compounded by the existing problems being faced by the industry, not least the collapse in the price of oil and its impact on the global economy. How will you maintain safe minimum staffing levels in the event of an outbreak? What happens if this requires crew/personnel to stay on board/on-site for longer than contractually required? Are there employment regulations in the relevant jurisdiction that set a maximum number of days individuals can remain onboard? What is the specific obligation that has been hindered by the FM event? The party seeking to rely upon FM cannot simply speak in general terms of the impact of Covid-19, but must point to a precise contractual duty it is unable to perform.The FM event must be the “sole effective cause” of the inability to perform. As explained above, this was confirmed in the recent case of Seadrill Ghana Offshore v Tullow. As such, should, for example, there be an equipment malfunction which also delays performance, it may well not be possible to rely on FM for that delay. It is therefore important to thoroughly investigate the position along supply chains and determine precisely what event or events are causative.If there are alternative methods of performance, these must be considered and used wherever possible. It is not open to a party simply to “down tools” during the pandemic without investigating alternatives.Furthermore, some contracts may require a party to use reasonable endeavors to overcome a FM event. What is “reasonable” will be fact specific and depend on the wording of the relevant contract. In the Seadrill Ghana case the judge clarified that this meant “all matters which bear upon the question whether it is reasonable to expect a party to take certain steps to avoid or circumvent a force majeure.” It was not either an objective or subjective test, but would “depend upon the contractual context,” and the factual matrix. The burden of proof will be on the party seeking to rely on the clause to demonstrate that it had exercised its reasonable endeavours to avoid or circumvent the force majeure. Recent cases such as Seadrill v Tullow have also made clear that consideration of the impact on the other party to the contract must also be taken into account when considering such steps.Has compliant notice been provided in accordance with the terms of the contract? It is important to check the time limits and content requirements carefully as failure to comply with such requirements could prevent a FM claim from succeeding. The wording of the contract will also be important in determining whether or not effective notice is a condition precedent for relying on the clause. This will therefore be very factually specific and, as such, it will be important to keep close track of what mandatory regulations are introduced by relevant local or national authorities. It is possible, for example, that strict social distancing regulations may prevent work and be sufficient to trigger the operation of these provisions. If such changes prevent a party’s performance, notice must be provided in accordance with the requirements of the contract. Dependant on the circumstances, and whether or not the charter party was concluded prior to the date the loading port was known to be an “Affected Area”, it may permit the Owner to cancel. Due to the complexity of the legal situation, it is entirely possible that clients, other contractors of clients (for example fabrication yards) or subcontractors within a project may have claimed FM incorrectly. The current crisis has not only highlighted potential lacunae in existing contracts but will need to be taken carefully into account when entering into new contracts and subcontracts for execution in the following months. There are a number of key points that should be considered: If additional crew/personnel must be sourced at short notice via agents, can this be compensated under the contract with the client? What provisions are in place to expedite this process in order to mitigate any delay? The following article is a guest post by Andreas Dracoulis, Partner, and Jonathan Morton, Associate, at the London office of Haynes and Boone, an international commercial law firmThe article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts. Is entry of any relevant vessel or other equipment permitted to the area? Many countries have introduced lockdowns and restricted entry, but there may be exemptions for oil and gas or wind projects. The position may change rapidly and will need to be carefully monitored. The problems relating to the crew or other personnel themselves are substantial. In particular: What are the checks necessary during crew/personnel changes? For example, in many locations offshore oil and gas workers are subject to temperature checks and questionnaires before they board helicopters, which will delay changeovers. Industry guidelines and requirements are being published and updated regularly and must therefore be continually reviewed. Andreas Dracoulis However, this does not mean things are in lockdown. Work is continuing on many fronts, adapting as necessary to the rapidly changing situation, and new projects are being negotiated and agreed. Following discussions with a number of individuals currently working in the sector, we investigate some of their main practical and legal concerns and provide our commentary upon them. As the offshore industry begins to acclimatise itself to the coronavirus pandemic, the initial flurry of issues relating to force majeure have begun to lessen, revealing several more complex legal and practical problems that require careful consideration. In any complex and fast-moving situation such as the current pandemic, it is vital to ensure that you have a Covid-19 taskforce set up to monitor the situation and respond quickly to changes. It is to be expected, however, that disputes may arise relating to whether or not a contractor made contingency plans to deal with such changes once the pandemic became public knowledge. Contractual requirements for mitigation and causation could permit an argument that it was a failure to properly prepare that caused the relevant delay and not the actual change in regulation itself. The success of such arguments will, of course, be entirely factually dependent. It is, in our experience, relatively rare for them to explicitly refer to “pandemics” or “epidemics” in a list of relevant events, though we have advised clients for many years to add such wording, particularly following the SARS outbreak. The key issue will therefore be whether or not the existing wording is wide enough to cover the current crisis. What about catering and cleaning staff? The latter is likely to be considered more essential than the former, and fewer catering staff may be needed if crew/personnel levels are lower. While the legal position is of key importance, there are a substantial number of practical issues currently being faced by the industry: Jonathan Morton Clause 13.7 of the FIDIC Yellow Book 1999 provides for a potential increase in Contract Price and extension of time where a change in the “laws of the country” directly affect the Contractor’s performance. It is possible, therefore, that any such change to the laws that can be demonstrated to prevent performance could trigger the operation of this clause. Will such issues end up leaving a contractor liable for liquidated damages due to delay, despite exercising due diligence and acting prudently? This will all depend on the wording of the contract itself and whether reasonable practical steps were taken to mitigate the impact. FIDIC – The 1999 Edition of the Yellow Book is the version most commonly used in offshore wind projects, though it is usually heavily negotiated, so its precise terms must be carefully reviewed. Clause 19.1 defines the term “Force Majeure” as being: (a) an exceptional event or circumstance, (b) beyond a Party’s control, (c) against which such affected Party could not have reasonably provided against before entering into the Contract; (d) which having arisen such affected Party could not reasonably have avoided or overcome; and (e) it must not have been substantially attributable to the other Party.last_img read more


first_img Victory at Villa Park on Monday night would establish a six-point gap between the Black Cats and the midlanders with three games of the campaign remaining and all but end their fears of the drop. Di Canio said: “If we win on Monday, we stay up. I have told my players, Monday is a Champions League final. Since the first day we joined together at the beginning of the week, I told them, ‘Take this week as the most important week of the season because if we win on Monday, we stay up and we do it three games in advance.” Sunderland manager Paolo Di Canio has challenged his players to secure their Barclays Premier League status by winning a “Champions League final” at Aston Villa. He continued: “‘It’s probably not mathematical, but we would be very close, so it means that you are capable’. “I told my players, ‘When I came in here, we were nearly strangled – you have turned the season in three games here. You did that, you were capable of winning two in a row. “‘If we win the next one, in three weeks, you have turned completely the season’.” Sunderland looked to be in dire trouble when Di Canio arrived at the Stadium of Light at the end of last month with trips to Chelsea and Newcastle to come ahead of bogey side Everton’s visit to Wearside. However, a narrow defeat at Stamford Bridge was followed by a stunning 3-0 victory at St James’ Park, and a first win over the Toffees in 20 attempts in all competitions left the Black Cats looking upwards rather than over their shoulders. The Italian said: “It doesn’t mean that now we have become a Champions League side, but [victory at Villa would] mean that with three games to go, we could finish in a good position. “Obviously, it’s step by step, but I told them, ‘Think about Monday as a Champions League final, work as hard as you did in the last few weeks because there is a big opportunity to stay in this league with three games to go. ‘Enjoy the last three games and try to get the maximum points we can’.” center_img Press Associationlast_img read more


first_imgInstead of showing remorse over a Lazarus taxon, evolutionists invoke another besetting sin: vestigial organs.The poster child for living fossils is Coelacanth, a lobe-finned fish long thought extinct till a living one was found swimming just fine in 1938 off the coast of South Africa. That discovery drowned notions of it evolving into a land animal, because its bony fins were not used for locomotion on the bottom in shallow waters. Instead, the fish spends much of its time in a vertical posture.One might suppose that evolutionists would be embarrassed by this double falsification. One might hope they would turn their attention to either finding more fossils of coelacanths in the intervening layers of the fossil record, or admitting that evolution did almost nothing to these fish for allegedly 66 million years since they went extinct. Even worse, evolutionists must admit there was no major change to the coelacanth kind for 344 million years, according to their standard evolutionary timeline.Instead, a paper in Nature Communications (open access) now alleges that living coelacanths have a vestigial organ: a lung.  This term “vestigial” has long been an embarrassment to evolutionists, because most (or all) of the hundred-some-odd vestigial organs alleged in the human body a century ago have since been found to be functional. Nevertheless, the team of international researchers uses the term freely:Coelacanths are lobe-finned fishes known from the Devonian to Recent that were long considered extinct, until the discovery of two living species in deep marine waters of the Mozambique Channel and Sulawesi. Despite extensive studies, the pulmonary system of extant coelacanths has not been fully investigated. Here we confirm the presence of a lung and discuss its allometric growth in Latimeria chalumnae, based on a unique ontogenetic series. Our results demonstrate the presence of a potentially functional, well-developed lung in the earliest known coelacanth embryo, and its arrested growth at later ontogenetic stages, when the lung is clearly vestigial. The parallel development of a fatty organ for buoyancy control suggests a unique adaptation to deep-water environments. Furthermore, we provide the first evidence for the presence of small, hard, flexible plates around the lung in L. chalumnae, and consider them homologous to the plates of the ‘calcified lung’ of fossil coelacanths.Live Science repeated the idea uncritically, without mentioning the embarrassments about this fish not evolving for hundreds of millions of years, then disappearing and reappearing after tens of millions of years.It’s possible that the lung became less developed as the coelacanth moved to deeper waters, but remnants of it still exist as a vestigial organ, the researchers said. However, as the lung shrank and became useless, a fatty organ that the fish uses for buoyancy control in deep waters grew and took over the space once occupied by the lung.But what this implies is that a more-complex organ, a lung, appeared fully formed in the fossil coelacanths, then atrophied:This lung likely helped the fish survive in low-oxygen, shallow waters hundreds of millions of years ago, the researchers said. During the Mesozoic era, more commonly known as the dinosaur age, it’s likely that some species of coelacanth (see-leh-kanth) moved to deeper waters, stopped using their lungs and began relying exclusively on their gills to breathe, the researchers said.PhysOrg‘s coverage didn’t mention “vestigial organs” directly, but says, “Similar to the human appendix, the organ was likely rendered defunct by evolution.” This is a common myth. A function for the appendix was found eight years ago (10/06/07, 8/21/09). It’s obvious, anyway, that evolution’s major challenge is to create function, not render it defunct.The article did call the coelacanth a “Lazarus” taxon, “a group of animals ‘resurrected’ from extinction.” The antecedent Lazarus (a man who was in a tomb four days), it must be remembered, was raised to life by intelligent design—the divine power of Jesus Christ, according to the Gospel of John, chapter 11.Let’s count the ways that evolutionists have bungled and mangled the story of coelacanth. (1) This large, well-adapted fish appears fully formed 410 million years ago in their timeline, the early Devonian period. (2) The Devonian is not that long after the Cambrian explosion, still a MAJOR embarrassment for evolutionism since Darwin worried about it (see Darwin’s Doubt and Darwin’s Dilemma). (3) Coelacanths thrived for 344 million years largely unchanged, with some allowance for horizontal variation. (4) Coelacanths never did evolve into land animals, despite the just-so stories evolutionists told about them, imagining their bony fins turning into legs. (5) The fish turned up in 1938 alive and well despite evolutionists’ stories that they had gone extinct with the dinosaurs. (6) The fish had not evolved in all that time, either. (7) The 66-million-year gap calls into question the evolutionary timeline itself. (8) And now, this new paper wants to resurrect the extinct evolutionary notion of “vestigial organs.”Why should anyone trust these guys?The fossils are hard data. The living fish are hard data. That much can be studied scientifically. The tall tales about great antiquity of these fish over millions of unobserved years are “fish stories” concocted to fit an evolutionary worldview. It’s long past time to scuttle the evolutionary gaffes and view coelacanths as beautifully designed fish.The proper approach to coelacanth research would be to look at the alleged “vestigial lung” as a feature with an unknown function (note to evolutionists: if it functions during embryogenesis, it is not vestigial, anymore than your bellybutton is). Science should sanitize its vocabulary of debunked evolutionary verbiage like “vestigial organs” and examine things with the wisdom of Paul Nelson’s father, “If something works, it’s not happening by accident” (quote from Flight: The Genius of Birds). (Visited 496 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more


first_imgNLEs generally operate similarly, but when it comes to captions, things change. Here’s what you need to know about creating subtitles in DaVinci Resolve.When it comes to working with captions, Adobe Premiere has a great built-in caption and subtitle feature, which we have already covered in depth (with a video tutorial) here. Resolve, on the other hand, well, I’ve already expressed my dismay about working with text in this article. For all the strides Resolve has been making, when it comes to using any form of text, the program lacks the finesse of Adobe’s applications.Unfortunately, at this moment in time, there’s no caption feature like we find in Premiere. However, with all the consistent updates and fixes we’re seeing, I wouldn’t be surprised if we saw this feature sometime over the next year or two. But, using only what’s available now, let’s have a look at how you can create, import, and export subtitles in Resolve.Importing SubtitlesYou can import subtitles into Resolve; however, they must be in an FCPXML file format. To do this, select File > Import AAF, EDL, XML > select FCPXML File. The FCPXML file will import with the appropriate time code in and out points and text formatting. The problem is that many use the SRT format for subtitles, and unlike Premiere, which allows you to import an SRT subtitle file, Resolve doesn’t accept it.  Therefore, if you are working with an SRT file, we have to jump ship and use a different tool.SubSimple, is an online tool from Resolver.tools that allows you to convert an SRT subtitle file into an FCPXML. The online tool is incredibly simple to use. You just input your timeline’s FPS and upload the SRT file for conversion. There is also a downloadable software version of SubSimple, which costs $29. It offers a batch-run function and, of course, runs offline.Creating SubtitlesCreating subtitles in Resolve is similar to creating a text title. In fact, it’s actually the same process. You drag a Text Title/Generator from the effects library onto an empty track and customize the text in the inspector. There are, of course, guidelines for creating subtitles for broadcast, so it’s always best to check with the client for the intended output before you begin working.When you need to change the text of the subtitle layer, instead of implementing a new text layer, simply use the blade tool (B) to splice the text layer and adjust as needed. When you use the blade tool on a text layer, like any media file, Resolve sees it as a new clip separate from the original clip.  To simplify the alignment of the text, make sure you have the audio waveform ticked in the timeline options and the audio track height set to its highest. It’s easier to arrange the subtitles to the audio’s waveform than the video itself.ExportingThere’s no “one-click export subtitle” button. Instead, to export, first, create a copy of your working timeline and rename it to avoid confusion.Delete all the media except for the subtitle track, and then go to file > export AAF, XML, and then select the appropriate FCPXML type. If you need to convert the FCPXML file to an SRT file, SubSimple can do it for you.Lewis McGregor is a certified BlackMagic Design DaVinci Resolve trainer.Looking for more information on Resolve? Check out these articles.A Look At Resolve’s New Node Graph FeatureCheck Out the Latest Developments in Resolve 14.1 and 14.2How To Create A Sub Mix In DaVinci Resolve 14 – Video TutorialResolve 14’s Best Editing Features For The Online Content CreatorHow to Create a Realistic Lens Flare in DaVinci Resolvelast_img read more


first_imgRajiv GandhiIssue date June 15, 1991I have a dream,” he said then, in that summer of ’85. And we, too, dreamed with him. It was truly an Indian summer then, that summer of Rajiv Gandhi. No leader since Nehru had brought with him such brightness and hope. Or such a,Rajiv GandhiIssue date June 15, 1991I have a dream,” he said then, in that summer of ’85. And we, too, dreamed with him. It was truly an Indian summer then, that summer of Rajiv Gandhi. No leader since Nehru had brought with him such brightness and hope. Or such a believable vision of 21st century India. It was not just his age. Or the attractiveness of his personality.Or even his pedigree. There was then a special radiance accompanying him, a karmic configuration that had led him to this moment of awesome responsibility. Out of tragedy had emerged lustre and light. That was then, when the world was his appreciative stage and the applause a genuine acknowledgement of a leader who promised both excitement and glamour.And, above all, change. That all that changed in the blink of history’s eye was a tragedy made greater by his promise and his prestige. Somewhere along that lonely road, the dream died. And we all died, a little.-Dilip BobbGETTING THE PICTURE: Another Rajiv hobbyIssue date August 16, 1980The pressure on him to leap into the fray is growing. Last fortnight, 250 MPs hosted a dinner in Rajiv’s honour. Though Rajiv and his mother cried off at the last minute, the message was obvious. Rajiv seems overwhelmed and uncomfortable with this sudden elevation in stature. “I really don’t know what to say to them,” he confesses. “I don’t know much about politics and even less about who these people are and what they represent.”-Dilip Bobb and Prabhu ChawlaVoices”Enemies of the Congress are enemies of the nation.”Rajiv Gandhi, November 30, 1988advertisement”We’ll teach them such a lesson they will remember their grandmothers.”Rajiv Gandhi, on the opposition, June 15, 1987″Ayodhya is where Ram is, Congress is where Rajiv is.”P. Chidambaram, May 31, 1988″Rajiv has achieved what his grandfather could not achieve in his lifetime.”R. Venkataraman, January 15, 1981Issue date February 29, 1988South Block has snuffed out Camelot. The “handsomest PM” is taking on a jowly resemblance to Arun Nehru. He’s gained 3 kg and lost most of his hair. The bounce in stride now comes with effort. He sports a churlish look; the corners of his mouth droop like an inverted crescent and he blinks in confusion.-Inderjit Badhwar and Prabhu Chawlalast_img read more


first_imgAgartala, Sep 20 (PTI) Three collaborators of banned National Liberation Front of Tripura (NLFT) including two Bangladeshi tribals, have been arrested from Anandanagar area of North Tripura district, a police officer today said. Acting on a tip-off, police arrested two Bangladeshi tribals, Kanendra Debbarma and Biduram Tripura, from Anandanagar of North Tripura district yesterday. They are citizens of Bangladesh and hail from Japui village in Bagaichhari area of Chittagong Hill Tract (CHT). The police officer said on the basis of their confessional statement they arrested one Rajesh Debbarma of Sutarmura village of Sipahijala district of Tripura. The official said they intercepted some secret cyber information of NLFT, on the basis of which they could arrest the Bangladeshis. The police said the NLFT has launched a new recruitment drive and the Bangladeshi tribals had come to take youths to NLFT base camp in CHT for training. Meanwhile, Chief Minister Manik Sarkar said, leaders of active outlawed groups had gone to Myanmar recently to set up a link with the NSCN, Khaplang group. “The NSCN (K), which has been carrying out violence in parts of the North-East has been trying to bring all active outfits under one umbrella,” Sarkar said yesterday while speaking in a function to commemorate the 25th foundation day of 2nd battalion of Tripura State Rifles (TSR), paramilitary force raised to launch anti-insurgency operations. PTI JOY CR RGlast_img read more


first_imgMan City boss Guardiola: Fixture bosses must be Liverpool fansby Paul Vegas7 days agoSend to a friendShare the loveManchester City boss Pep Guardiola has joked the Premier League fixture compilers must be Liverpool fans.City accused the Premier League of threatening the “sporting integrity” of the competition after handing the champions a fixture schedule that could give rivals Liverpool a big advantage in the title race. City’s chief operating officer, Omar Berrada, claimed the fixture scheduling undermined the integrity of the Premier League, with Guardiola joking the authorities were not fans of the double champions.“Maybe the broadcasters are fans for some clubs,” joked Guardiola.“We have meetings with Premier League, managers, UEFA, they are so glad, nice pictures, it doesn’t matter, we have to play.“It is what it is. Since I came here, every season it’s the same, the broadcasters are the bosses, it’s not about us.“But I love to play boxing day, when the families go to the stadiums, the players travel, but the system does not protect the players too much.” About the authorPaul VegasShare the loveHave your saylast_img read more


first_imgzoom Two fishermen lost their lives in a collision between the 37,700 dwt bulk carrier MV Inspiration Lake and a fishing boat in the early morning hours on January 10.One of the crew has been rescued while a search for the remaining four crew members of the fishing boat is currently ongoing, Regina Bulkship, the owner of the bulk carrier, said.Following the collision, which occurred near Port of Pohang, South Korea, the fishing boat capsized.The Korean Navy and Korean Coast Guard are currently on site to coordinate the rescue operation.The incident did not result in any oil leakage from the bulk carrier, which was en route to Nakhodka, Russia at the time.The company is currently investigating the cause of the collision and assessing the extent of the damage to the bulker MV Inspiration Lake.A full investigation will follow, Uni-Asia Holdings Limited informed.last_img read more


first_imgInternational superstar Shakira chose Charitable Checkout to power a social cause marketing campaign to raise awareness and dollars for her Barefoot Foundation which builds schools for underserved communities around the world.Shakira Buy-a-BrickThe campaign, which launched in the last days of 2012, will run through March. It is accessible via mobile or desktop devices, in English or Spanish, here. Donors get an exclusive download, a Thank-You post on their Facebook Wall from Shakira, and a chance to win a video-chat with Shakira.Video: Shakira & Barefoot Foundation: Buy a Brick Campaign
Thanks to Dympol, Inc.‘s Charitable Checkout, public figures and influential organizations now have access to an all-in-one platform to promote their favorite causes and benefit by rewarding their fans and followers for getting involved. Charitable Checkout not only makes it easy to start a social fundraising campaign for any of over 1.5 million non-profit organizations, it also enables the distribution of a wide range of donor rewards, including digital media, discount coupons, loyalty program points, product samples, public appreciation in social media (aka ’Social Thanks’), and contesting.Brands have been involved in charitable activities for years but, as company Founder & CEO Jay Ziskrout discovered by chance, they are not always effective. On the contrary, if mishandled, cause-related programs can actually create ill-will on the part of consumers.“The notion of Charitable Checkout came from a personal visit to a traditional ´brick and mortar´ retailer,” recalls Jay. “After spending a couple hundred bucks, I was asked to make a donation to a charity I knew very little about. The retailer’s participation was limited to making the ask and then, presumably, taking the credit with one of those oversized-check photo opps. They weren’t offering donation matching, or any other incentive for participating. And, in terms of the social aspects, all I felt was pressure to give; not the good feeling you get when you’re genuinely motivated to make a difference. I left the shop thinking about what a terrible experience that was and all the ways each negative element could be reversed. Soon, I put pen to paper and Charitable Checkout was born.”The Charitable Checkout platform turns the traditional “buy our product and we’ll make a donation” model (or worse, the donation solicitation model described above) upside down. Instead, it creates a valuable experience for all stakeholders and measurably helps companies convert their corporate social responsibility efforts from a pure expense, in to a goodwill-generating, customer-acquiring, profit.

How It Works 
Anyone can create a free, personalized Charitable Checkout campaign with basic functionality at CharitableCheckout.com. The company doesn’t touch donations raised but does charge for customization and for performance; quantifiable achievement of desired user behavior apart from making donations.Such actions include social media posts, click-throughs, providing personal data, signing-up for third party services, and/or spending money on a sponsoring brand’s product or service. In addition to standard placement on Web and Facebook Page instances, premium campaigns can also play out via mobile apps, text message, online display ads, and e-commerce checkouts. Premium campaigns also have access to ‘Giving Squads’ functionality which captures big data on user preferences and influence while enabling socially-connected clusters of people to compete for greatest charitable and/or social media impact.Charitable Checkout Works
In a recent campaign for Omaha Steaks, 13% of people that saw the campaign on Omaha’s Facebook Page made a donation to one of the brand’s three preferred charities. Of those, 52% subsequently clicked through to Omaha’s e-commerce site and 21% made a purchase. When HGTV used Charitable Checkout to power “Raise A Roof College Challenge,” a charitable face-off between gridiron rivals Ohio State and University of Michigan to benefit Rebuilding Together, top fundraisers won various prizes including $10,000 tuition payments and an appearance on (HG)TV. Being a highly motivated cohort, 63% of campaign views converted into a donation and 57% of donors Tweeted about their participation. 

When the platinum-selling artist Switchfoot ran their campaign in support of Standup For Kids in their online merchandise and ticket store, 15% of customers made a donation during checkout and 14% of those made a subsequent purchase with campaign sponsor, Hurley.So far, Shakira’s “Buy-A-Brick” campaign is also racking up impressive numbers. Nearly 5% of campaign views have converted into charitable donations and over 80% of all donors have participated in at least one post-donation action such as subscribing to an email newsletter, accepting the “Social Thanks” post, adding their profile picture to the campaign photo mosaic, or participating in the social media contest.last_img read more

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