Blog Posts by Deepak Shenoy

  • Texas hot air balloon crash leaves no apparent survivors

    LOCKHART, Texas (AP) — A hot air balloon carrying 16 people caught on fire and crashed in Central Texas, and authorities say it appears no one survived.

    Erik Grosof with the National Transportation Safety Board says a full-bore investigation was to begin Sunday after more federal officials arrive.

    Authorities would not confirm the exact number of deaths in Saturday's crash, but Lynn Lunsford with the Federal Aviation Administration said the balloon was carrying at least 16 people. The Caldwell County Sheriff's Office said in a statement that it didn't look like anyone survived.

    If 16 people were killed, it would be the one of the worst such disasters, possibly the worst in U.S. history.

    Saturday's crash happened in a pasture near Lockhart, which is about 30 miles south of Austin.

  • Bill Clinton and Tim Kaine: Trump lacks empathy for Khans

    JOHNSTOWN, Pa. (AP) — Hillary Clinton's top surrogates are taking aim at rival Donald Trump for criticizing the bereaved mother of a Muslim U.S. Army captain, a comment that sparked outrage across the political spectrum on Saturday.

    Democratic vice presidential nominee Tim Kaine expressed shock that the GOP nominee would attack Ghazala Khan for not speaking during her husband's address to the Democratic convention.

    "He was kind of trying to turn that into some kind of ridicule," Kaine said after a campaign event in Pittsburgh. "It just demonstrates again kind of a temperamental unfitness. If you don't have any more sense of empathy than that, then I'm not sure you can learn it."

    Former President Bill Clinton, who joined his wife and Kaine at the event, agreed: "I cannot conceive how you can say that about a Gold Star mother."

    Lawyer Khizr Khan gave a moving tribute to their son, Humayun, who received a Bronze Star and a Purple Heart after he was killed by a suicide bomber in Iraq in 2004.

    Read More »from Bill Clinton and Tim Kaine: Trump lacks empathy for Khans
  • Hong Kong Bans Pro-Independence Candidate From Upcoming Election

    Hong Kong has banned a potential candidate from contesting legislative council elections, saying his pro-independence stance violates constitutional tenets that declare the city an inalienable part of China.

    Chan Ho-tin, a National Party candidate, was disqualified from the September vote after refusing to sign a declaration acknowledging Hong Kong as an administrative region of China, the South China Morning Post reported. His position is inconsistent with the city’s constitutional and legal status, the government said in a statement posted on its official website.

    More from Bloomberg.com: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

    “The candidate cannot possibly comply with the requirements of the relevant electoral laws,” according to the statement. A person advocating for independence “cannot possibly uphold the Basic Law or fulfill his duties as a legislator,” the government said, referring to Hong Kong’s mini-constitution.

    Calls for Hong Kong’s independence have

    Read More »from Hong Kong Bans Pro-Independence Candidate From Upcoming Election
  • U.S. Jobs, BOE Cut Seen, Clinton-Trump, Rio: Week Ahead Aug. 1-6

    U.S. payroll growth probably settled to a moderate pace in July, economists project the Labor Department to report this coming week. Follow the TOPLive blog for real-time coverage here.

    Consumer spending probably increased in June, while U.S. manufacturing expanded, other data this week are forecast to show.

    The Bank of England announces a monetary-policy decision, with investors expecting a cut to the benchmark rate from the current 0.5 percent.

    The summer Olympic Games begin in Rio de Janeiro this week, after being dogged for months by security fears, a widening Russian doping scandal, pollution worries, the Zika virus and reports of unfinished infrastructure.

    Procter & Gamble Co., Itau Unibanco Holding SA, Toyota Motor Corp., HSBC Holdings Inc. and Tesla Motors Inc. are among companies announcing earnings. Check LIVE for conference-call coverage. For an expanded weekly list, click here.

    More from Bloomberg.com: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

    Presidential

    Read More »from U.S. Jobs, BOE Cut Seen, Clinton-Trump, Rio: Week Ahead Aug. 1-6
  • Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series

    WASHINGTON, July 31, 2016 (GLOBE NEWSWIRE) -- The U.S. Postal Service honors Henry James (1843--1916), a towering figure in American literature, with a non-denominated three-ounce-rate stamp. The stamp, issued today and priced at 89 cents, is the 31st entry in the Literary Arts stamp series.

    In novels and stories that often explored the complex interplay between Americans and Europeans, James sought to portray the intricacies of society and the inner lives of his characters with exquisite realism, an intellectual and artistic achievement that earned him a reputation as one of the greatest writers the United States has ever produced.

    The stamp features an original painting by artist Kate Sammons of Los Angeles under the art direction of Antonio Alcala of Alexandria, VA. On the left is a portrait of James based on a 1906 photograph by Alvin Langdon Coburn. It shows the author in profile looking to the right, his left hand on his chin in a gesture of contemplation.

    On the right side,

    Read More »from Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series
    Contact:
    Joe Brockert
    202.268.3260
    joseph.p.brockert@usps.gov
    usps.com/news
  • Mark Cuban Calls Trump ‘Jagoff’ as He Makes Debut for Clinton

    Billionaire investor Mark Cuban made his debut Saturday as a Hillary Clinton surrogate, calling Republican Donald Trump a “jagoff” and greeting him sarcastically in Russian before declaring, "I’m here to endorse Hillary Clinton!"

    "Leadership is not yelling and screaming and intimidating," said Cuban, the owner of the NBA’s Dallas Mavericks and “Shark Tank” star, addressing a raucous crowd at a Clinton rally in his native Pittsburgh. There’s a word people from Pittsburgh use for those who behave that way, he said: “Jagoff.” Cuban was  dressed in jeans and a T-shirt with a picture of Batman and the words "I got this."

    More from Bloomberg.com: Trump Cites Own Sacrifices in Response to Muslim War Hero Father

    "Is there any bigger jagoff in the world than Donald Trump?” Cuban asked as the crowd roared. Clinton reacted with delight, hugging Cuban on stage. Former President Bill Clinton saluted in Cuban’s direction after his remarks, then crossed the stage to shake his hand.

    Cuban’s first

    Read More »from Mark Cuban Calls Trump ‘Jagoff’ as He Makes Debut for Clinton
  • Skydiver becomes first person to jump and land without chute

    LOS ANGELES (AP) — A 42-year-old skydiver with more than 18,000 jumps made history Saturday when he became the first person to leap without a parachute and land in a net instead.

    After a two-minute freefall, Luke Aikins landed dead center in the 100-by-100-foot net at the Big Sky movie ranch on the outskirts of Simi Valley.

    As cheers erupted, Aikins quickly climbed out, walked over and hugged his wife, Monica, who had been watching from the ground with their 4-year-old son, Logan, and other family members.

    "I'm almost levitating, it's incredible," the jubilant skydiver said, raising his hands over his head as his wife held their son, who dozed in her arms.

    "This thing just happened! I can't even get the words out of my mouth," he added as he thanked the dozens of crew members who spent two years helping him prepare for the jump, including those who assembled the fishing trawler-like net and made sure it really worked.

    The stunt, broadcast live on the Fox network for the TV special "Stride

    Read More »from Skydiver becomes first person to jump and land without chute
  • By Stanley White

    TOKYO (Reuters) - The Bank of Japan's review of its monetary stimulus programme promised for September has revived expectations it could adopt some form of "helicopter money", printing money for government spending to spur inflation.

    The BOJ disappointed market hopes on Friday that it might increase its heavy buying of government debt or lower already negative interest rates, cementing the view that it is running out of options within its existing policy framework to lift prices and end two decades of deflationary pressure.

    With little to show for three years of massive monetary easing, economists say BOJ governor Haruhiko Kuroda's "comprehensive assessment" of policy could push it into closer cooperation with Prime Minister Shinzo Abe, who announced a fiscal spending package worth more than 28 trillion yen ($275 billion) on Wednesday in a bid to kickstart growth.

    "The comprehensive review might be the first step

    Read More »from Helicopter money talk takes flight as Bank of Japan runs out of runway
  • Mark Cuban backs Clinton, insults 'jagoff' Trump at Pittsburgh rally

    Mark Cuban , the billionaire investor who has relentlessly trolled Donald Trump on social media for months, has officially endorsed Hillary Clinton in her bid for president.

    He then rounded out his support for the Democratic presidential nominee with a series of jabs at Trump, opening a Pittsburgh rally for Clinton and her running mate Tim Kaine with a greeting for Trump - in Russian.

    Trump had used a news conference on Wednesday to say he hoped Russia found the emails deleted by Hillary Clinton from her time as secretary of state, a call that was quickly contradicted by his vice presidential nominee Mike Pence, who condemned any possible cyber-espionage.

    At Saturday's rally in his hometown, Cuban didn't stop there, using what he said was a Pittsburgh insult for the entrepreneur-cum-politician

    "Leadership is not yelling and screaming and intimidating," Cuban said. "You know what we call a person like that in Pittsburgh? A jagoff!"

    For the uninitiated,

    Read More »from Mark Cuban backs Clinton, insults 'jagoff' Trump at Pittsburgh rally
  • Advertising giant Publicis Groupe has placed Kevin Roberts, one of its top lieutenants, on leave following controversial comments he made that were dismissive of the raging debate over gender diversity on Madison Avenue.

    In an interview with Business Insider published Friday, Mr. Roberts said the debate about gender equality is “over” and he doesn’t spend “any time” on the issue at his company. Mr. Roberts, who is currently executive chairman at Saatchi & Saatchi and head coach at the ad agency’s parent company Publicis Groupe, said the gender issue is “way worse” in industries such as financial services.

    “We have a bunch of talented, creative females, but they reach a certain point in their careers ... 10 years of experience, when we are ready to make them a creative director of a big piece of business, and I think we fail in two out of three of those choices because the executive involved said: ‘I don’t want to manage a piece of business and people, I want to

    Read More »from Publicis Places Executive Kevin Roberts on Leave Following Controversial Gender Remarks

Blog Posts by Deepak Shenoy

  • Texas hot air balloon crash leaves no apparent survivors

    LOCKHART, Texas (AP) — A hot air balloon carrying 16 people caught on fire and crashed in Central Texas, and authorities say it appears no one survived.

    Erik Grosof with the National Transportation Safety Board says a full-bore investigation was to begin Sunday after more federal officials arrive.

    Authorities would not confirm the exact number of deaths in Saturday's crash, but Lynn Lunsford with the Federal Aviation Administration said the balloon was carrying at least 16 people. The Caldwell County Sheriff's Office said in a statement that it didn't look like anyone survived.

    If 16 people were killed, it would be the one of the worst such disasters, possibly the worst in U.S. history.

    Saturday's crash happened in a pasture near Lockhart, which is about 30 miles south of Austin.

  • Bill Clinton and Tim Kaine: Trump lacks empathy for Khans

    JOHNSTOWN, Pa. (AP) — Hillary Clinton's top surrogates are taking aim at rival Donald Trump for criticizing the bereaved mother of a Muslim U.S. Army captain, a comment that sparked outrage across the political spectrum on Saturday.

    Democratic vice presidential nominee Tim Kaine expressed shock that the GOP nominee would attack Ghazala Khan for not speaking during her husband's address to the Democratic convention.

    "He was kind of trying to turn that into some kind of ridicule," Kaine said after a campaign event in Pittsburgh. "It just demonstrates again kind of a temperamental unfitness. If you don't have any more sense of empathy than that, then I'm not sure you can learn it."

    Former President Bill Clinton, who joined his wife and Kaine at the event, agreed: "I cannot conceive how you can say that about a Gold Star mother."

    Lawyer Khizr Khan gave a moving tribute to their son, Humayun, who received a Bronze Star and a Purple Heart after he was killed by a suicide bomber in Iraq in 2004.

    Read More »from Bill Clinton and Tim Kaine: Trump lacks empathy for Khans
  • Hong Kong Bans Pro-Independence Candidate From Upcoming Election

    Hong Kong has banned a potential candidate from contesting legislative council elections, saying his pro-independence stance violates constitutional tenets that declare the city an inalienable part of China.

    Chan Ho-tin, a National Party candidate, was disqualified from the September vote after refusing to sign a declaration acknowledging Hong Kong as an administrative region of China, the South China Morning Post reported. His position is inconsistent with the city’s constitutional and legal status, the government said in a statement posted on its official website.

    More from Bloomberg.com: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

    “The candidate cannot possibly comply with the requirements of the relevant electoral laws,” according to the statement. A person advocating for independence “cannot possibly uphold the Basic Law or fulfill his duties as a legislator,” the government said, referring to Hong Kong’s mini-constitution.

    Calls for Hong Kong’s independence have

    Read More »from Hong Kong Bans Pro-Independence Candidate From Upcoming Election
  • U.S. Jobs, BOE Cut Seen, Clinton-Trump, Rio: Week Ahead Aug. 1-6

    U.S. payroll growth probably settled to a moderate pace in July, economists project the Labor Department to report this coming week. Follow the TOPLive blog for real-time coverage here.

    Consumer spending probably increased in June, while U.S. manufacturing expanded, other data this week are forecast to show.

    The Bank of England announces a monetary-policy decision, with investors expecting a cut to the benchmark rate from the current 0.5 percent.

    The summer Olympic Games begin in Rio de Janeiro this week, after being dogged for months by security fears, a widening Russian doping scandal, pollution worries, the Zika virus and reports of unfinished infrastructure.

    Procter & Gamble Co., Itau Unibanco Holding SA, Toyota Motor Corp., HSBC Holdings Inc. and Tesla Motors Inc. are among companies announcing earnings. Check LIVE for conference-call coverage. For an expanded weekly list, click here.

    More from Bloomberg.com: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

    Presidential

    Read More »from U.S. Jobs, BOE Cut Seen, Clinton-Trump, Rio: Week Ahead Aug. 1-6
  • Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series

    WASHINGTON, July 31, 2016 (GLOBE NEWSWIRE) -- The U.S. Postal Service honors Henry James (1843--1916), a towering figure in American literature, with a non-denominated three-ounce-rate stamp. The stamp, issued today and priced at 89 cents, is the 31st entry in the Literary Arts stamp series.

    In novels and stories that often explored the complex interplay between Americans and Europeans, James sought to portray the intricacies of society and the inner lives of his characters with exquisite realism, an intellectual and artistic achievement that earned him a reputation as one of the greatest writers the United States has ever produced.

    The stamp features an original painting by artist Kate Sammons of Los Angeles under the art direction of Antonio Alcala of Alexandria, VA. On the left is a portrait of James based on a 1906 photograph by Alvin Langdon Coburn. It shows the author in profile looking to the right, his left hand on his chin in a gesture of contemplation.

    On the right side,

    Read More »from Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series
    Contact:
    Joe Brockert
    202.268.3260
    joseph.p.brockert@usps.gov
    usps.com/news
  • Mark Cuban Calls Trump ‘Jagoff’ as He Makes Debut for Clinton

    Billionaire investor Mark Cuban made his debut Saturday as a Hillary Clinton surrogate, calling Republican Donald Trump a “jagoff” and greeting him sarcastically in Russian before declaring, "I’m here to endorse Hillary Clinton!"

    "Leadership is not yelling and screaming and intimidating," said Cuban, the owner of the NBA’s Dallas Mavericks and “Shark Tank” star, addressing a raucous crowd at a Clinton rally in his native Pittsburgh. There’s a word people from Pittsburgh use for those who behave that way, he said: “Jagoff.” Cuban was  dressed in jeans and a T-shirt with a picture of Batman and the words "I got this."

    More from Bloomberg.com: Trump Cites Own Sacrifices in Response to Muslim War Hero Father

    "Is there any bigger jagoff in the world than Donald Trump?” Cuban asked as the crowd roared. Clinton reacted with delight, hugging Cuban on stage. Former President Bill Clinton saluted in Cuban’s direction after his remarks, then crossed the stage to shake his hand.

    Cuban’s first

    Read More »from Mark Cuban Calls Trump ‘Jagoff’ as He Makes Debut for Clinton
  • Skydiver becomes first person to jump and land without chute

    LOS ANGELES (AP) — A 42-year-old skydiver with more than 18,000 jumps made history Saturday when he became the first person to leap without a parachute and land in a net instead.

    After a two-minute freefall, Luke Aikins landed dead center in the 100-by-100-foot net at the Big Sky movie ranch on the outskirts of Simi Valley.

    As cheers erupted, Aikins quickly climbed out, walked over and hugged his wife, Monica, who had been watching from the ground with their 4-year-old son, Logan, and other family members.

    "I'm almost levitating, it's incredible," the jubilant skydiver said, raising his hands over his head as his wife held their son, who dozed in her arms.

    "This thing just happened! I can't even get the words out of my mouth," he added as he thanked the dozens of crew members who spent two years helping him prepare for the jump, including those who assembled the fishing trawler-like net and made sure it really worked.

    The stunt, broadcast live on the Fox network for the TV special "Stride

    Read More »from Skydiver becomes first person to jump and land without chute
  • By Stanley White

    TOKYO (Reuters) - The Bank of Japan's review of its monetary stimulus programme promised for September has revived expectations it could adopt some form of "helicopter money", printing money for government spending to spur inflation.

    The BOJ disappointed market hopes on Friday that it might increase its heavy buying of government debt or lower already negative interest rates, cementing the view that it is running out of options within its existing policy framework to lift prices and end two decades of deflationary pressure.

    With little to show for three years of massive monetary easing, economists say BOJ governor Haruhiko Kuroda's "comprehensive assessment" of policy could push it into closer cooperation with Prime Minister Shinzo Abe, who announced a fiscal spending package worth more than 28 trillion yen ($275 billion) on Wednesday in a bid to kickstart growth.

    "The comprehensive review might be the first step

    Read More »from Helicopter money talk takes flight as Bank of Japan runs out of runway
  • Mark Cuban backs Clinton, insults 'jagoff' Trump at Pittsburgh rally

    Mark Cuban , the billionaire investor who has relentlessly trolled Donald Trump on social media for months, has officially endorsed Hillary Clinton in her bid for president.

    He then rounded out his support for the Democratic presidential nominee with a series of jabs at Trump, opening a Pittsburgh rally for Clinton and her running mate Tim Kaine with a greeting for Trump - in Russian.

    Trump had used a news conference on Wednesday to say he hoped Russia found the emails deleted by Hillary Clinton from her time as secretary of state, a call that was quickly contradicted by his vice presidential nominee Mike Pence, who condemned any possible cyber-espionage.

    At Saturday's rally in his hometown, Cuban didn't stop there, using what he said was a Pittsburgh insult for the entrepreneur-cum-politician

    "Leadership is not yelling and screaming and intimidating," Cuban said. "You know what we call a person like that in Pittsburgh? A jagoff!"

    For the uninitiated,

    Read More »from Mark Cuban backs Clinton, insults 'jagoff' Trump at Pittsburgh rally
  • Advertising giant Publicis Groupe has placed Kevin Roberts, one of its top lieutenants, on leave following controversial comments he made that were dismissive of the raging debate over gender diversity on Madison Avenue.

    In an interview with Business Insider published Friday, Mr. Roberts said the debate about gender equality is “over” and he doesn’t spend “any time” on the issue at his company. Mr. Roberts, who is currently executive chairman at Saatchi & Saatchi and head coach at the ad agency’s parent company Publicis Groupe, said the gender issue is “way worse” in industries such as financial services.

    “We have a bunch of talented, creative females, but they reach a certain point in their careers ... 10 years of experience, when we are ready to make them a creative director of a big piece of business, and I think we fail in two out of three of those choices because the executive involved said: ‘I don’t want to manage a piece of business and people, I want to

    Read More »from Publicis Places Executive Kevin Roberts on Leave Following Controversial Gender Remarks

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