Schwans Co sold to South Korean company for 18 billion

first_imgBLOOMINGTON, Minn. — A food distributor with deep roots in Minnesota has been sold to South Korea’s largest food company.The Schwan’s Co. is well known for home deliveries made by its gold trucks. The companies released a statement Thursday saying CJ CheilJedang will pay $1.8 billion for an 80 per cent stake in Schwan’s and gain control of its businesses that serve restaurants, grocery stores and other retailers.The Schwan family will retain 20 per cent ownership in the businesses being sold to CJCJ. The family will keep 100 per cent ownership of Schwan’s Home Service Inc., the home-delivery business that Marvin Schwan began in Marshall in 1952.The companies say Schwan’s will keep its name and its Minnesota offices in Bloomington and in Marshall. Schwan’s CEO Dimitrios Smyrnios will continue to lead the company.The Associated Presslast_img read more

Fort St John RCMP looking to return found items to rightful owners

first_imgFORT ST. JOHN, B.C. – The Fort St. John RCMP are looking to return a couple of items to the rightful owners.On May 27, RCMP seized an older model Honda motorcycle after the bike was found abandoned in an alleyway, in the area of 97 Avenue and 94 Street.The file number for the motorcycle is 2019-4784. Then on June 10, at around 12:15 p.m., a lady’s ring was found in the area of 93 Avenue and 93 Street.The ring was turned in to the Fort St John RCMP detachment. The File number for the ring is 2019-5357.If you have lost either of these items, you are being asked to attend the Fort St. John RCMP Detachment at 10648 100 Street.You must provide the file number and appropriate description, any identifying documentation or photographs of the items, and they will gladly be returned to you.last_img read more

Ethos and ethics of services

first_imgEven in best of environments, election time in India could turn into a high-decibel, emotional, sentimental, and volatile TV soap opera; with flowing free-for-all semantics; super pot-boiler Bollywood melodrama like (Dilip Kumar, Vyjayanthimala acted) “Ganga Jamuna” of 1961-1962; or an over-sized duet/duel “world wrestling championship” and limited over “masala cricket” of 21st century, wherein impossibility could be an instant possibility, and “possible” could do unexpected and unthinkable vanishing tricks. Also Read – Hijacking Bapu’s legacyHence, one would like to steer clear of all political highway, and prefer to traverse the known/familiar route; through the time-tested ethos and ethics of the armed forces of India. All the more owing to Indian military being one of the few apolitical professional institutions in the east of Suez, especially across South Asian terrain where tin pot dictators, more often than not, did ascend the throne (in the past) of their respective nations through coups and killing unarmed civilian politicians, thereby repeatedly proving the old saying: “Today big shot. Tomorrow shot”. Like Liaquat Ali, Zulfi Bhutto, Zia ul Haq and Benazir in Pakistan. And, top VVIPs in some other South Asian nations. All, directly or indirectly, connected with military. Also Read – The future is here!In retrospect, therefore, Indians are lucky to owe gratitude to the foreign British (mis)ruling class that, despite committing numerous misdeeds, also created and nurtured an apolitical, professional military which stands as shining example in the midst of several coup-tainted South Asian armed forces. Now, first things first. Two fundamentals, amongst various other factors, make forces fight to die or remain disciplined even in the face of fire. First, the famous quote of Napoleon: “An army marches on its stomach” thereby making it clear that proper and timely food is the sine qua non for every soldier; whether on, or off the front. Secondly, the forces grow and flourish on preserving and following their tradition on every occasion, which bonds both serving and the retired, as “one extended family”. Thus, the tradition of every branch of the military follows “collective revelry” where a commanding officer or the commandant’s guests have always been part of a well-established tradition irrespective of whether it’s peace or wartime or on sea or high land, desert or marshy and swampy terrain. We need not go far. January 15, October 08, and December 04 are celebrated for being special in the life of the Army, Air Force, and the Navy, where every rank is part and parcel of “dine, dance, gulp, and celebrate”. Where top VVIPs come and grace the occasion, mix and mingle with soldiers, civilians, foreign diplomats and the media. Transports are deployed for retired chiefs; their boarding and lodging are taken care of. “Outsider civilians”, too, make merry. All constituting part of the hospitality of the armed forces and it’s the privilege of the General, Air Chief Marshal, and the Admiral to give his stamp of approval to the guest list. It’s ethos, ethics and tradition all the way. When 64 officers from the National Defence College went for “naval tour” and were part of the high sea “live exercise”, western officers were not allowed on-board Soviet Kashin (Indian Rajput) class destroyer in accordance with defence “protocol” of the 1980s. Instead, they were aboard two of the Indian made Leander class frigates. Nevertheless, all officers of the National Defence College were “guests”, yet, all “on official duty”. All on board had food, fun, frolic. That was, and still is, the established procedure of the tradition followed by the military in which civilians and the uniformed men work in tandem and harmony. Thus, when a Prime Minister goes to a front-line fighting ship, or a President goes for a “sortie” in Sukhoi-30 MKI fighter from/in Indian Air Force base Lohegaon, Pune; both, the Prime Minister and the President of India are on “official voyage” and “official flight tour” and under no stretch of imagination can be termed anything to the contrary. When a Defence Minister goes to 20,000′ (high altitude) Saltoro ridge of Siachen glacier (for two days) with Christmas cake, to be shared with generals and soldiers, no Indian, in his/her senses should term it as “pleasure” or “personal enjoyment trip”. The armed force’s officers and men are simply doing their duty; respecting, honouring and saluting the Prime Minister, President and Defence Minister of India. Similarly, when Nathu la (13,600′) ridge in Sikkim, or Bomdi la or Se la (in Kameng, Arunachal) is visited by Defence Minister or the defence ministry officials and gala party follows and “bara khana” (feast of gormandiser’s delight) organised, it cannot be termed as wasteful expenditure and hence ordered to be stopped. Apart from official duty and responsibility, there is another important aspect of the life of armed forces personnel. The annual “day at sea” for the family members and friends of men in uniform is very much a part of the naval tradition. Those uninitiated, and not familiar with armed forces, may ask “why”? “What do the family and friends have to do with ‘annual day at sea’ at the expense of taxpayers’ money”? This sort of puerile mindset doesn’t have any rational (or even irrational) answer simply because of ignorance. Sailors’ life is one of the toughest and gruelling in the military world. Sailing for long, between two to four months and beyond, on the high sea, cannot be explained unless one has had the taste of it in real (not reel) life. The separation from/of the family members too is doubly anxiety-ridden. Anything can happen in the sea. Hence “annual family day at sea” constitutes an important event in the traditional following of sailor’s profession. One, therefore, is concerned the way non-issues of armed forces have become “live issues” at the time of the election in India. This could inflict irreparable damage on the apolitical and professional institutions which do not see the colour or ideology of politics or polity but remain on 24/7 alert “action station”. Armed forces run on ethos, ethics and tradition. Those are sacrosanct and inviolable. Before concluding, let me state that four months ago, I wrote a piece because the present Chief of Air Staff was humiliated (in unparliamentary language) by a public figure for his (Air Chief’s) professional utterances in a media briefing. I am compelled to recall the concluding lines of that article: “Mahabharata was a bitter fight-to-finish civil war between first cousins for kingdom. Such ‘situations’ have been placed to make a point. That, instead of abusing or accusing a service chief, Indians would do better to fight their political battle with rival politicians and keep the professional military out of ‘battle royale’ on the eve of elections in India. Please prepare to fight war, not civil war. Why give upper hand to foreign adversary?” (The authoer is an alumnus of National Defence College and author of China in India. The views expressed are strictly personal)last_img read more

In form Bale gives Zidane a selection headache

first_imgReal Madrid manager Zinedine Zidane has admitted that Gareth Bale’s recent upturn in form has given him a selection “headache” ahead of their Champions League final against LiverpoolThe Welsh winger has been in inspired form lately and scored two goals in a Man-of-the-Match performance in Real’s 6-0 thrashing of the lowly Celta Vigo in their final home game of the season.Bale has scored four goals in his past four games and Zidane admitted that it could end up being a good problem for him.“Bale in form? It’s better having everyone plugged in like this,” said the French coach, according to Football-Espana.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“After that, it’s clear that I’ll have a headache when picking my team for the Final. He did very well in everything and showed it.“I’m happy for him, but the important thing is that we’ve all arrived in optimal form for Kiev.“We had a great game and it was important we did. We played with real sincerity, scoring six goals and playing lots of football.Bale has scored 15 goals and provided 2 assists for Real in his 27 appearances in La Liga this season with six of those coming from the bench.last_img read more

On duty LNJP CMO was thrashed

first_imgChief medical officer (CMO) of Delhi Lok Nayak Jai Prakash Narayan Hospital (LNJP) was allegedly assaulted in the hospital premises on June 20 mid-night by a patient’s attendants. The victim was identified as Dr Lalit Tanwar. He was assaulted in emergency ward by a group of four boys when he was performing his duty. According to hospital staff,  the CMO had sustained multiple injuries. Also Read – Company director arrested for swindling Rs 345 croreAs per tha FIR lodged in Indraprastha police station, the incident took placed on Saturday (June 20) late night when Dr. Lalit Tanwar, CMO in LNJP Casualty ward was attending some patients, at the same time one of the patient’s attendants, who was identified as Karan Vaid, hit Dr. Tanwar and also pushed him from his chair. When Tanwar was trying to protect himself and shouted for help, another accused Deepak Vaid also physically assaulted him from behind and hurled abuses at  him. In the meantime, hospital staff and police rushed to the spot and intervened into the matter.  Also Read – Man who cheated 20 women on matrimonial websites arrestedInterestingly, none of the hospital staff was ready to talk over the issue, many of them even denied to have the knowledge of such incident had happened in the hospital premises. When asked, senior hospital officials denied to comment over the incident.Police filed the case under the Section 186/353/34 I of IPC and arrested the accused.The injured doctor is likely to join back his duty on Monday as he is on leave since the incident. Doctors at government hospitals were on two-day strike last week in protest of such attacks on hospital staff.last_img read more

Sweden is at a crossroads with its nearly cashless society To Swish

first_imgSweden is almost winning the race towards becoming the world’s first completely cashless society. The Swedish retail payment market is also moving away from using cash. Last year in September BBC news reported that barely 1% of the value of all payments were made using coins or notes last year. On Saturday, Cecilia Skingsley, Deputy Governor, Central Bank of Sweden shared on the World Economic Forum blog ‘Why Sweden’s cashless society is no longer a utopia’. Following are the highlights from the post. The potential consequences of going cashless Going cashless was a move against robberies and corruption. Also, it gives ease and convenience to people. The retailers, restaurants and other companies in Sweden refuse to accept cash, for instance by putting up a sign at the entrance. But all this has led to some concerns regarding the state’s role in the payment market as the private sector is getting more power. The Swedes might have to rely on the private sector for access to money and payment methods. There might be a situation where the general public no longer will have access to central bank money. Riksbank, the central bank of Sweden is investigating the potential consequences of this change. For Sweden, going cashless would mean choosing one of the following options: The general public no longer has access to central bank money E-krona – central bank issued money in a digital form, as a complement to cash and the money held in bank accounts What if the Swedes get a central bank digital currency? One solution to the problem is to issue central bank money in a digital form, as a complement to cash and the money held in bank accounts. This concept, known as E-krona, was named after the Swedish currency, krona. Though bank-issued digital currency is a new concept and a relatively unexplored possibility, it is still attracting a number of central banks. E-krona is not to be confused with cryptocurrencies as is not dependent on using blockchain technology. The basic concept behind e-krona is to have a 1-to-1 conversion with an ordinary krona held in an account at the Riksbank or stored locally, for example on a card or in a mobile phone app. The Riksbank will provide an infrastructure for E-krona transactions. The payment service providers can connect to it and can build payment services for end users. It would be interesting to see the impact on the financial system which would depend on the demand for the e-krona in different circumstances. Whether it will earn interest or not is another important question. If it offers zero interest, then it will be equivalent to cash. In contrast, an e-krona with interest could possibly become a new policy tool for the central bank. Swish- an easy payment system! Swedes were already happy to adapt to new technologies. In 2012, Swish, a mobile payment system in Sweden was launched by six large Swedish banks, in cooperation with the Central Bank of Sweden. It had 6.5 million users as of September 2018. Swish has been downloaded by more than half of the Swedish population. One just needs to connect a bank account (in any bank) with a mobile phone number. Swish has become a popular way to share a restaurant bill, collect money for a birthday gift at the office and to pay for goods at street markets and even to distribute pocket money to children. Though Swish has been the choice for many, still there’s a high possibility of E-krona being a powerful tool. Considering the fact that Central bank will have the control in its hand, the chances of safety might increase. But how open would people be to shift to E-krona would be an interesting take. Also, worth watching is how Sweden enables a safe, efficient and inclusive payment market irrespective of whichever route (payment regulation vs digital currency) it choose to take to usher its cashless society. To read more on this, check out the official blog of the World Economic Forum. Read Next UN on Web Summit 2018: How we can create a safe and beneficial digital future for all These 2 software skills subscription services will save you time – and cash Cash Flow Managementlast_img read more