‘Sound policies will see us through’

first_img22 October 2008South Africa’s low level of debt, prudent approach to fiscal policymaking and sound banking system will enable the country to weather the global economic storm, Finance Minister Trevor Manuel said in Cape Town on Tuesday.Delivering his medium term budget policy statement – a three-year guideline to government spending – in Parliament, Manuel said the world was facing an economic crisis on a scale last seen when panic selling led to the Wall Street crash of 1929.“The storm has arrived, it is fiercer that anyone could have imagined, and its course cannot be predicted,” Manuel said.However, the South African government had seen the signs early and taken appropriate action, he said.“Our banks are sound, our investment plans are in place, our course is firmly directed at our long-term growth and development challenges, and we will ride out this storm, whatever it takes, together, on the strength of a vision and a plan of action that we share.”South Africa’s low level of debt, especially foreign debt, and its prudent approach to fiscal policy, had provided the country with the space to adjust its policies to cushion the economy against the worst effects of the global crisis.Since 1994, South Africa’s government had balanced meeting basic needs with promoting growth and investment by trying to rein in inflation, gradually relaxing exchange controls, and strengthening bank regulation while steadily accumulating foreign reserves.“We have adopted a macro-economic framework and a fiscal stance capable of withstanding tough times and protecting our economy and our people during times of global economic turbulence,” he told Parliament.“I am very aware that our policy decisions have sometimes been controversial.“But if our economic policies [had been] designed for their short-term populist appeal, if we [had] tried to finance everything, at once, for everybody, then short-term gains would quickly [have given] way to long-term misery,” Manuel said.Instead, South Africa’s policies were aimed at sustainable progress for workers in factories and on farms, support for families through steadily rising social services and income transfers, businesses that could invest in the confidence of a sound fiscal and financial environment, and public services that would continue to serve future generations.The minister has increased the total spending allocation for the next three years by more than twice the R80-billion he added in last year’s medium term budget policy statement.“The unforgiving global economic climate highlights the need for South Africa to address its primary economic policy challenges – reducing unemployment and poverty – in a more concerted way.”While South Africa would escape the worst effects of the global economic downturn, decreasing export demand, financial volatility, exchange rate fluctuations and uncertain economic conditions in the future would have an affect on the country’s economy.He revised the country’s economic growth forecast for 2008/09 down from the 4% forecast in February to 3.7%, and from the 4.2% forecast for 2009/10 to 3%.“Depending on international developments, gross domestic product growth is expected to recover to above 4 percent in 2010 and beyond.”“The proposed fiscal framework for the 2009 Budget takes into account both slower economic growth and the need to support continued infrastructure investment and social development in a context of heightened uncertainty,” the minister said.Navigating through such a changed economic environment would be a tough challenge, the minister said, but the government would continue to expand and improve public services, and invest in the infrastructure needed for growth.Source: BuaNewslast_img read more

2010 Fifa World Cup: Durban Stadium 2

first_imgLocation: Durban, KwaZulu-Natal provinceCapacity: 70 000 seatsMatches: Germany vs Austria (13 June), Spain vs Switzerland (16 June), Netherlands vs Japan (19 June), Nigeria vs South Korea (22 June), Portugal vs Brazil, Round of 16 (28 June), Semi-final (7 July)Click on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.  Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Photo: Irwin Manoim, MediaClubSouthAfrica.com • Download high-resolution image Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Bungee jumping off the Durban Stadium arch.Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Bungee jumping off the Durban Stadium arch.Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Bungee jumping off the Durban Stadium arch.Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Bungee jumping off the Durban Stadium arch.Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Bungee jumping off the Durban Stadium arch.Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image Photo: Irwin Manoim, MediaClubSouthAfrica.com• Download high-resolution image {loadposition fifa}last_img read more

Video Editing: Additive vs. Subtractive Color Correction

first_imgNasty stuff. Yes, you can make adjustments to the other controls to make it look a little better, but it takes a lot of work with minimal results.Subtractive Color CorrectionNow look at how a subtractive color corrector works. In this case, I used Colorista Free by Red Giant Software. It’s a great color corrector, FREE, works on a ton of platforms, translates to After Effects, and it’s pretty much my default NLE color corrector when I don’t want to go into a full-fledged grading program.We’ll add a little bit of blue into the shadows like before: When you add a little bit of blue into the shadows, look how the image and the RGB parade respond: If you have a choice, you’ll find subtractive color correctors much more pleasant to use with better results in less time. It’s a no brainer when getting fast grading results in your video editing projects!What kind of color correction filter do you use?Share your thoughts and advice in the comments below! Notice how much more pleasing the results are compared to the additive corrector. Also notice that the blue channel in the parade pretty much stayed the same, and the other channels went down. That’s how a subtractive color corrector works: instead of adding the color you want into the shot, it takes away the opposite color (or really amount of the red, green, and blue that make up the opposite color).Here’s an even more extreme example with Colorsita. Yes, the shot starts to get a little dark, but you still have a real black point, so you can just lift the shadows a bit to correct while keeping the pleasing look:center_img Not all 3-way color correctors are created equal. Use a subtractive 3-way color corrector instead of an additive one for better results.Just like there are two types of color theory, there are two types of color correctors: additive and subtractive. Both old-school Final Cut Pro 7 and Premiere Pro (even the most current version) ship with additive 3-way color correctors built in. The problem is that additive color correctors don’t really give great results very easily. As a matter of fact, they can really be junk when it comes to making great looks in your video editing projects without a ton of effort.Additive Color CorrectionLook at the very simple adjustment below. First is the original and its RGB parade: You’ll notice that the blue channel has been lifted – blue has been added into the image (look at the hair closely). The shadows on the image look pretty terrible, don’t they? The addition of blue has also lifted the black point of the image.Here’s a more extreme example for you you compare to the original image and parade:last_img read more

Two States’ police searching for twins

first_imgThe Madhya Pradesh police on Wednesday announced a reward of ₹50,000 for information on six-year-old twin brothers who were abducted from their school in Chitrakoot town in Satna district.As the children lived across the border in Uttar Pradesh, the police of both the States are working on the case, a senior officer said on Wednesday.Even after 24 hours, the police have not got any strong leads in the case. The children are residents of Ramghat in Chitrakoot Dham (Karwi) district in Uttar Pradesh. They travelled four km across the border to the school every day, said Satna Superintendent of Police Santosh Singh Gaur.Mr. Gaur said over phone that the family has not received any ransom call so far. “We are working with the U.P. police. We have got some inputs,” he said, adding that the police have picked up six to eight persons for questioning.last_img read more

Samsung Galaxy S III gathers many admirers since its arrival

first_imgSamsung Galaxy S III smartphone gathering many admirers since its arrival is available in India at a price of Rs 41,500 via Samsung’s eStore.With 32GB in-built memory capacity, the S III was reportedly spotted in a black metallic finish on a UK retailer’s website and also on Samsung’s Facebook page.So far, only the 16GB variant of Samsung Galaxy S III was available in the country. The 16GB S III was launched at Rs 42,500, but is now available for Rs 38,400 in the market.Samsung had also announced a 64GB variant of the S III as well, but no price or India launch date of the device was mentioned. The Samsung Galaxy S III is successor to the Samsung Galaxy S II, which was one of the most successful smartphones of 2011.The SIII, which boasts of a 4.8-inch Super AMOLED display with a resolution of 1280x 720 pixels, runs on Google Android 4.0.4 OS. It is powered by the Exynos 4212 quad-core processor clocked at 1.4GHz with 1GB of RAM.The Samsung also launched its London Olympics edition. The limited edition phone, which was introduced during the worldwide sporting event, featured four designs. The rear covers sport adorable designs of a soldier from the royal army, two designs of the British flag and a red and blue lion’s head.Samsung Galaxy S3, which topped 10 million units sold, has become one of the most popular Android smartphones. It has also caused a round of debates as to which smartphone will be worth purchasing: The Galaxy S3, the iPhone 4S, or even the Apple’s upcoming iPhone 5.With Agency inputsadvertisementlast_img read more

Dick Vitale Tweets Support For Premise That NCAA Should Leave Indianapolis, Move Events To Other States

first_imgDick Vitale thinks NCAA should move events from Indianapolis.Twitter/@DickieVCollege basketball analyst Dick Vitale is the most recent voice in the world of college sports to come out strongly against a new Indiana bill that would allow local businesses to turn away gay and lesbian customers. The NCAA, which is headquartered in Indianapolis, the city which will host this year’s Final Four, has already expressed concern about the law, and many are calling for the organization to move its operation, and prevent the state from hosting future NCAA events. USA Today’s Nancy Armour wrote a column supporting this idea:It is too late to pull this year’s Final Four from Indianapolis, given it is next weekend and there’s no other city that would have an arena and several thousand hotel rooms available. But the NCAA can – and should – tell Indiana lawmakers that their prejudice and mean-spiritedness has cost the state the privilege of hosting any other collegiate sporting event.The 2016 women’s Final Four currently scheduled to be held in Indianapolis? Not anymore.…And in what would be the biggest threat of all, the NCAA ought to tell Gov. Mike Pence and his lunatic-fringe lawmakers that it no longer feels at home in Indiana and will look at moving its headquarters from Indianapolis to a state where God-given diversity is something to be celebrated rather than feared.Vitale tweeted a picture of the paper, and his support for Armour’s take.This INDIANSA law is #AbsolutelyPATHETIC This 21st century @nrarmour details in USA today & I agree with her premise! pic.twitter.com/BmmwUZTuJv— Dick Vitale (@DickieV) March 27, 2015Whether or not you like Vitale as a broadcaster, he is one of the most respected people in college athletics. He will not be the last big name to speak out about this issue, either.last_img read more

Sidney Crosbys Out And The Penguins May Be Next

Includes all Pittsburgh Penguins regular-season and playoff games, 2005-06 to 2016-17.Source: Hockey-Reference.com Crosby’s loss can’t be overstated. In terms of individual numbers, he stands toe-to-toe with Washington’s Alex Ovechkin as the best player of the NHL’s post-lockout generation. But even more than his own production, Crosby also brings the best out of the Penguins’ offense while he’s on the ice. Over the span of his career (since 2005-06), here’s how Pittsburgh’s stats change when Crosby plays versus when he sits: WITH CROSBYWITHOUT CROSBYDIFFERENCE Shots against per game30.128.8-1.3 Games914176— Points percentage55.355.7+0.4 Save percentage90.790.9+0.2 How losing Sid the Kid has affected the Penguins, 2005-17 Shots per game31.130.9-0.2 Goals per game3.152.94-0.21 Goals against per game2.82.64-0.16 Although the Pens have traditionally fared slightly better defensively in games Crosby missed, they’ve struggled to replace him on offense, producing fewer shots and shooting the puck less accurately when their star sits out. Those differences become even more stark when you look at what happens when he’s on the ice. Pittsburgh’s shots and goals per minute improve sharply with Crosby on the ice — no player of his generation has wielded a bigger influence on his team’s scoring than Sid the Kid.Now, the Penguins will be without that offensive leadership for at least one game, and possibly many more. (This isn’t the first time Crosby has missed time with a head injury; he sat out 101 games in 2010-11 and 2011-12 while fending off concussion symptoms, and he missed time with a concussion earlier this season as well.)Prior to this week’s injury, the reigning Stanley Cup champions had been cruising through the playoffs and seemed on their way to dispatching the Capitals for the second-straight year. It’s up to Crosby’s teammates to prevent this from being the turning point the Capitals needed to claw their way back into the series. Shooting percentage10.29.5-0.7 Power-play goals per game0.810.74-0.07 The Pittsburgh Penguins had a rough Monday night, losing their superstar center Sidney Crosby after a hit to the head by Washington Capitals defenseman Matt Niskanen, then losing Game 3 of their Eastern Conference semifinal series in overtime. Tuesday afternoon was arguably even worse, as news arrived that Crosby was diagnosed with a concussion and ruled out of Thursday’s Game 4: read more

Ohio State womens soccer upsets Wisconsin advances to Big Ten semifinals

OSU senior forward Michela Paradiso (9) during a game against Purdue on Oct. 9 at Jesse Owens Memorial Stadium. Credit: Anbo Yao / Lantern photographerThe Ohio State women’s soccer team is headed to the Big Ten tournament semifinals after an upset victory in Madison, Wisconsin, defeating the Wisconsin Badgers 2-1. The Buckeyes entered Sunday’s match as the No. 7 seed, with the Badgers holding the No. 2 seed in the Big Ten after the teams went 5-4-2 and 8-2-1 in regular-season conference play, respectively.With the win, the Buckeyes are now 11-5-3 overall on the year.OSU was first to get on the scoreboard in the 30th minute when senior midfielder/forward Michela Paradiso was taken down in the box and converted the ensuing penalty kick.The penalty score was Paradiso’s third goal in the last two games after a two-goal performance in OSU’s regular-season finale. Two of the Columbus native’s goals in the span were off of penalty kicks.Four minutes after the opening score, junior defender Nicole Miyashiro shot a cross from the right wing and sophomore forward Sammy Edwards headed it in from six yards out to grab a 2-0 lead in front of the crowd of 478.The Buckeyes continued to attack, nearly taking a 3-0 lead a minute later when junior forward Nichelle Prince played a low strike, but her shot narrowly missed the far post.OSU sat atop the Badgers 2-0 heading into halftime. Shots were knotted at 8-8 at the break.Prince played a big role in maintaining the lead in the second half, as she pressured the Badger defense throughout much of the final 45 minutes.However, in the 71st minute the Badgers cut the lead in half when redshirt senior forward Nikki Greenhalgh finished from inside the box after a loose ball off a corner kick.In the 75th minute, the Badgers had consecutive chances off a corner to level the match but both were blocked.The second half consisted of very physical play, and the Badgers pushed until the final buzzer to even the game at 2.With 20 seconds remaining, the Badgers had a final shot attempt off a header, but the attempt missed wide left to seal the upset win for the visitors.For the game, Wisconsin held a 22-10 lead in shots, 10-4 on goal. The second half was all Badgers, as they outshot OSU 14-2 in the latter stanza.OSU goalkeeper Devon Kerr played an impressive game in the net, making nine of 10 saves to improve her record to 5-0-1 in her freshman season. After splitting time in net with redshirt junior Jillian McVicker throughout the season, Kerr seems to have displaced her at the tailend on the depth chart, as she made her second consecutive start.OSU will look to pull off another upset on Friday, as it is set to play the No. 3-seeded Rutgers Scarlet Knights in State College, Pennsylvania. Kickoff time is yet to be announced. read more

Stoger admits Dortmund deserved to lose

first_imgBorussia Dortmund manager Peter Stoger has admitted that his side deserved to lose in their humiliating 6-0 defeat to Bayern Munich on SaturdayDortmund put in a woeful display against a Bayern brimming with confidence and on the brink of securing a sixth consecutive Bundesliga crown this season.In a dominant first-half performance, Bayern went 5-0 up and controlled the proceedings in the second-half with Robert Lewandowski securing his hat-trick late in the game to ensure their dominance.borussia dortmund, marco reus, jadon sancho, paco alcacerReport: Dortmund hammer four past Leverkusen George Patchias – September 14, 2019 Borussia Dortmund put four past Bayer Leverkusen.Borussia Dortmund leapfrogged Bayern Munich to claim second place in the Bundesliga. After handing out a 4-0 thrashing of…Afterwards, Stoger confessed his disappointment with his side’s performance and the Dortmund coach voiced his opinion that Bayern are now a long way ahead of his own side.“We’re very disappointed. We completely lacked the fundamental virtues I always mention. We did’t put up enough resistance. Bayern exploited nearly every mistake. We’re a long, long way off Bayern at the moment.” said Stoger, according to the Bayern Munich website.Dortmund captain Marcel Schmelzer also conceded that they were the deserving losers in the encounter: “We had ambitious targets but you could see we didn’t show it. We didn’t go for the one-on-ones, we were always a step too slow, our opponents always had men over because they moved better. They played cat and mouse with us.”last_img read more

Zero new HIVAIDS cases not ambitious say TCI Prevention Unit

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 02 Dec 2015 – Getting to zero is the new TCI initiative as the world moves towards no more new cases of HIV and AIDS. The HIV Prevention Unit in the Turks and Caicos joined with DEMA and Big Blue to plant 17 mahogany trees with the help of students from 17 schools. We asked if the stride to get to zero was too ambitious. “It is not impossible, once there is life, there is still hope. Noting is impossible but in order to get to zero we have to work towards that.” World Aids Day is held every December 1st and this year marked 27 years since the commemoration first started. Emergency action in Grand Turk due to sea surges Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Climate Change blamed for seawater woes in Grand Turk Related Items:big blue, dema, HIV Prevention Unit, tree planting, World aids day Clement Howell High get their hands dirty for World Wetlands Day 2016last_img read more