The verdict was read on the 10th day of deliberations. Libby faces up to 30 yeaerrs in prison, though under federal sentencing guidelines likely will receive far less. U.S. District Judge Reggie B. Walton ordered a pre-sentencing report be completed by May 15. Judges use such reports to help determine sentences. Libby faced two counts of perjury, two counts of lying to the FBI and one count of obstruction of justice. Prosecutors said he discussed Plame’s name with reporters and, fearing prosecution, made up a story to make those discussions seem innocuous. Libby’s defense team said he learned about Plame from Cheney, forgot about it, then learned it again a month later from NBC newsman Tim Russert. Anything he told reporters about Plame, Libby said, was just chatter and rumors, not official government information. Special prosecutor Patrick Fitzgerald said that was a lie. But Libby’s defense team had argued that it would be unfair to convict Libby in a case where so many witnesses changed their stories or had memory problems. Former White House aide I. Lewis “Scooter” Libby was convicted Tuesday of obstruction, perjury and lying to the FBI in an investigation into the leak of a CIA operative’s identity. Libby, the former chief of staff to Vice President Dick Cheney, was accused of lying and obstructing the investigation into the 2003 leak of CIA operative Valerie Plame’s identity to reporters. He was acquitted of one count of lying to the FBI. Libby had little reaction to the verdict. He stood expressionless as the jury left the room. His lawyer, Theodore Wells, said they were “very disappointed” with the verdict. Wells said he would ask the court for a new trial by April 13. Such requests are common following criminal convictions. “Despite our disappointment in the jurors’ verdict, we believe in the American justice system and we believe in the jury system,” Wells told reporters outside the federal courthouse. “We intend to file a motion for a new trial and if that is denied, we will appeal the conviction. We have every confidence that ultimately Mr. Libby will be exonerated…. We intend to keep fighting to establish his innocence.” Libby will be allowed to remain free while awaiting sentencing, which is set for June 5. As the verdicts were read, Libby’s wife choked out a sob and sank her head. Moments later, she embraced the defense attorneys. The jury acquitted Libby of one count of lying to the FBI about his conversation with Time magazine reporter Matthew Cooper.165Let’s talk business.Catch up on the business news closest to you with our daily newsletter. Something went wrong. Please try again.subscribeCongratulations! You’re all set!
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(Click here, if you are unable to view this photo gallery on your mobile device.)SAN JOSE — Sharks defenseman Brent Burns may have entered Thursday’s game against the Anaheim Ducks with just four goals on the year. But he’s made one thing abundantly clear over the course of his 1,000 career regular season games: he isn’t afraid to shoot.Burns celebrated his milestone evening with a game-winning goal, as he beat Ducks goalie Chad Johnson with 9:39 left in the third period to break a tie and …
It is a colourful event as guests stream in wearing a wide range of traditional attire in celebration of their heritage and individuality for the Owami Women’s Deep and Meaningful Conversation at Fabz Hotel in Lonehill on 24 September 2016. (Image: Mathiba Molefe)“If you are a South African and you feel that you want our country to be positive, it is your responsibility,” said Bridget Nkuna, founder of Owami Women’s Deep and Meaningful Conversation.The courtyard at Lonehill’s Fabz Hotel was awash with colour as a crowd of women, wearing the brilliant dresses and headwear that expressed their individual cultures gathered on Heritage Day to honour women who went above and beyond in playing their part to build a better South Africa.It was an opportunity to network and meet like-minded people from various cultures in the hopes of forging long-lasting and enriching relationships.Owami Women, in partnership with Brand South Africa’s Play Your Part initiative, used the day to recognise some of the amazing women in South Africa. The partners gave these women a platform to share their stories in a safe and nurturing environment.Members of the Owami Women collective put forward the names of the women they felt deserved this recognition the most. They received prizes as tokens of appreciation and acknowledgement of their willingness to go the extra mile for the sake of those who needed help.Owami Women, in partnership with Brand South Africa’s Play Your Part initiative, used the day to recognise some of the amazing women in South Africa. The partners gave these women a platform to share their stories in a safe and nurturing environment.THE AWARD WINNERS“Nothing is extraordinary about you except the things that come out of your mouth, except the things that you do with your hands, and your actions. That’s what makes you extraordinary,” said Alice Puoane, the chief financial officer of Brand South Africa.True to her words, this year’s crop of nominees was made up of extraordinary women who were, in their own way, making a positive contribution to society across the country under the pillars of education, skills development, entrepreneurship and women’s empowerment.Bongekile Radebe, a nominee, Mandela Washington Fellow and Play Your Part ambassador, was selected for her work in women’s empowerment.“What fuels me to do what I do is (that) often times we hear that we need more women leaders, and women need to take ownership of the economic space,” explained Radebe. “But (the) truth of the matter is, we’ve always had women leaders.”Cindy Ross, an attorney by trade, was nominated for her involvement in the Jala Peo Foundation through which she had affected the lives of many children by using cycling as a means to build character.“We try to teach the children that, if you can survive mountain biking you can survive in life,” Ross explained. “The discipline they put into training on the bike, they should put into life.”Busi Maluleke was nominated for her work with Progress SA. It drives rural development while emphasising education. It also gives people a chance to take part in sports as well as arts and culture.“We’re focusing on the holistic development of the environment, but our core is education,” Maluleke explained.Other nominees included Maselotsha Mphahlele of Dignity Dreams, Khulile Mtetwa of She Cares Women’s Foundation, Vanessa Kruger of the Pieter Kruger Foundation and author Victorine Mbong Shu.“Thank you very much to those (who) decided to give out my name,” said Mtetwa. “Allow me to say thank you to Brand South Africa for thinking about us and remembering that, when women are united together this world will be a better place.”GET INVOLVED“Let it not end with this event,” Puoane said, encouraging the audience to play an active role in developing South African people. “Go ahead and subscribe to Play Your Part, join Owami and influence positive change in your community.“No one will do better things for your community than yourself.”Owami Women encourages people to join its conversation. If you have a story or personal account that you would like to share, visit its contact page and get in touch.You can also have visit the Owami Women Facebook and Twitter pages to find out more about Owami and get in touch with Nkuna and partners.PLAY YOUR PARTAre you playing your part to help improve the lives of those around you through business? Do you know of any business person who has gone out of their way to help improve South Africa and its people?If so, submit your story or video to our website and let us know what you are doing to improve the country for all.
RELATED ARTICLES Coal companies hope the situation will changeA number of coal producers are taking cover behind bankruptcy laws as their profits sink, including Peabody Energy, the world’s biggest private-sector producer.But coal producers are holding out hope for an economic reversal of fortunes. For example, a spokesman for Cloud Peak Energy, a major producer in the Powder River Basin, said that the winter’s warm temperatures were a fluke and that demand would once again pick up for coal.“Eventually, things are going to turn around,” Rick Curtsinger told the newspaper. “The U.S. and the world will continue to use significant amounts of coal going forward.”Jim Thompson, an analyst, said that the industry was “rapidly shrinking,” but added that coal would continue to be an important industry and there “will continue to be success stories.”Coal executives recognize that they will command much less of the market than they did a decade ago, but they still see opportunities for well-positioned producers to make money. “I see a future, but it’s going to be a greatly reduced industry and you have to be very competitive in that industry or you won’t survive,” Murray Energy CEO Robert Murray told one newspaper in mid-May. In early 2008, The Times notes, coal accounted for roughly half of the electricity generated in the U.S. That’s now fallen to about 30%. At the same time, photovoltaics are on the rise: In the first quarter of the year, the Solar Energy Industries Association reports, 1,665 megawatts of solar capacity were installed in the U.S., more than coal, natural gas, and nuclear combined. Will Taxpayers Get Stuck With Coal’s Cleanup Tab?Sierra Club’s Anti-Coal Campaign Hits a LandmarkCan Solar Power Solve the Coal Problem?Coal is No Boon for U.S. Treasury, Report Says Bankruptcies, a move toward cheap natural gas, and increased pressure from renewable energy all are eating into the production of coal, bringing it to a level not seen in the last 35 years.Coal consumption peaked in 2007, and since then has declined by nearly one-third, The New York Times reported. Total U.S. production in the period from January through March was 173 million short tons, the lowest of any quarter since 1981, and a 17% drop from the previous quarter. That’s the sharpest quarter-to-quarter drop in almost 32 years.The newspaper cited a report from U.S. Energy Information Administration, released last week, which said that the Powder River Basin in Montana and Wyoming showed the greatest drop since the previous quarter.Above-average temperatures last winter, which decreased the demand for electricity, and big inventories of unused coal among electric power plants resulted in lower rail shipments in the first three months of the year.But the EIA report also points to several underlying reasons for a continued drop in coal mining and coal consumption.“Coal production has declined because of increasingly challenging market conditions for coal producers,” the EIA said. “Electricity generation accounts for more than 90% of domestic coal use. In addition to complying with environmental regulations and adapting to slower growth in electricity demand, coal-fired generators also are competing with renewables and with natural gas-fired electricity generation during a time of historically low natural gas prices.”
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, has called for the increased integration of Airbnb operations into community tourism offerings.He noted that the Airbnb concept is being embraced in places like Trench Town in St. Andrew, and “we want to see it accelerated” in order to expand offerings in the tourism sector and bring more visitors to Jamaica’s shores.Minister Shaw was speaking at the International Community Tourism Conference on Tuesday (November 13), at the Mona Visitors’ Lodge in St. Andrew, where he urged local stakeholders to “open up the doors of the tourism product for expansion”.Airbnb is an online marketplace and hospitality service, which is accessible via its websites and mobile apps. Members can use the service to arrange or offer lodging, primarily home stays, or tourism experiences.Airbnb hosts in Kingston earned approximately US$2.4 million in 2017.Mr. Shaw said that Airbnb should not be seen as some form of “inherent competitor to our community tourism,” but should instead be “integrated and personalised as a “Jamaican experience”.“Airbnb has an international platform. It already has a mechanism for information; embrace it, because that is a platform to reach the world, and to introduce and bring tourists into our communities,” he added.Minister Shaw further urged community tourism stakeholders to accept their role in ensuring that the industry continues to grow and strive.“When we open up the doors, we must understand that there is a mutuality of responsibility that we have. When the tourists come to our communities, we must collectively gather around them, and protect them,” he said.The four-day conference, which started on Monday (November 12), is organised by the International Institute of Peace through Tourism (IIPT) under the theme ‘Building Communities as Businesses’.It includes exploring community tourism case studies from Jamaica and the wider Caribbean, and countries in Africa.Several outstanding entities and persons will be honoured during the event. Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, has called for the increased integration of Airbnb operations into community tourism offerings. He noted that the Airbnb concept is being embraced in places like Trench Town in St. Andrew, and “we want to see it accelerated” in order to expand offerings in the tourism sector and bring more visitors to Jamaica’s shores. Story Highlights
zoom The latest shipping market combination between COSCO Shipping Holdings and Orient Overseas International Lines (OOIL) would become the world’s third largest container carrier if finalized, according to shipping consultancy Drewry.The entity, which would have a combined fleet of 400 vessels operated over a much expanded network, with capacity exceeding 2.9 million TEUs including orderbook, would overtake its partner in the Ocean Alliance, CMA CGM.On July 9, COSCO Shipping Holdings and Shanghai International Port Group (SIPG) made a pre-conditional voluntary general offer to acquire all issued OOIL shares at an offer price of HKD 78.67 (USD 10.07) in cash.The price represents a 31% premium on Friday’s closing price of HKD 60 and values OOIL at around HKD 49.2 billion (USD 6.3 billion). On the completion of the deal, COSCO will hold 90.1% while SIPG will hold the remaining 9.9% stake in OOIL.From a hardware perspective, OOCL has an owned-fleet of 66 containerships aggregating around 440,000 TEU. It is a young and modern fleet with an average age of 7.1 years and average nominal capacity of 6,600 TEU. It is introducing its first 21,000 TEU vessel with five more to deliver and options for another six which it could easily exercise.“Operationally, fitting OOCL into the bigger company should not be too difficult as both OOCL and COSCO already belong to the Ocean Alliance that operates mainly in the East-West container trades,” Drewry said. The biggest impact will be felt in Intra-Asia, where both carriers already have a large presence, while the footprint in the Asia to Middle East trade will also rise significantly.From a marketing perspective the acquisition of OOCL “will enable COSCO to broaden its customer base, having previously being perceived, rightly or wrongly, as China-centric.”Earlier reports suggested the valuation of the deal would be closer to USD 4 billion, which would be similar to what CMA CGM paid for NOL/APL. That always seemed undervalued considering OOIL’s better financial performance and reputation, plus the improving market outlook. However, at USD 6.3 billion “the price does seem a bit steep.”According to Drewry Maritime Financial Research, OOIL’s book value stood at USD 4.5 billion based on FY16 numbers, meaning OOIL was able to extract a sizeable premium.However, Drewry said that, notwithstanding any potential roadblocks to future M&A, the consolidation that has already occurred, plus much brighter market prospects and the moratorium on new ships, offers carriers a golden opportunity for far greater profitability in the near future. With fewer carriers, that in time will become financially stronger; the pendulum is swinging back towards those that have grown to survive.
The Canadian Press BUENOS AIRES, Argentina — Prime Minister Justin Trudeau and Ukraine President Petro Poroshenko are looking to lean on other like-minded leaders to press Russia to de-escalate aggression and avoid “provocative acts.”The two leaders, who spoke by phone today ahead of the G20 leaders’ summit, discussed Russia’s actions in the Strait of Kerch on Monday that resulted in the seizure of three Ukrainian naval vessels near Crimea.A statement from the Prime Minister’s Office also says Trudeau communicated Canada’s “steadfast support” for Ukraine’s sovereignty and territorial integrity during the call.Foreign Affairs Minister Chrystia Freeland says she has also spoken to her Ukrainian counterpart, and has been in close contact with other G7 countries on the issue.She says Ukraine is expected to be raised at a NATO foreign-ministers’ summit in Brussels next week.U.S. President Donald Trump also announced today he was cancelling a planned meeting with Russian President Vladimir Putin, citing Russia’s seizure of the Ukrainian vessels as a source of tension in a relationship.