Jedburgh Scheme Resumes

first_imgPhase two of the Skiprunning Burn Flood Protection Scheme in Jedburgh started earlier this week, the Scottish Borders Council informs.This phase of the flood protection program will be completed by the end of 2015“The start of phase two of the Skiprunning Burn Flood Protection Scheme will be a welcome sight for residents in Jedburgh,” said Councillor Gordon Edgar, Executive Member for Roads and Infrastructure.“These works will reduce the impact of flooding, but it is still important that the Jedburgh public take steps to protect themselves.”Phase one of the Skiprunning Burn Flood Protection Scheme was completed in March 2015, with local firm JMS Harkin carrying out four weeks of work which saw improvements made to the grille at Burn Wynd and creation of a flood relief drain at Duck Row.[mappress mapid=”21186″]last_img read more

Schools increase security following bomb threats

first_imgSouth Florida schools are increasing security following the recent emailed bomb attacks threatening to blow up public schools in Miami-Dade and Broward districts. Though the threats were later determined to be a hoax, in its aftermath, the districts have taken action to strengthen the security at district schools.Superintendent Alberto Carvalho said despite the threats being invalid, the district is remaining vigilant, and “ought to be prepared, not fearful.” He said after the schools were reopened extra officers were deployed at some schools, and school security will remain on alert to protect students and staff. “I think we need to be ready,” Carvalho said.Broward County’s superintendent Robert Runcie, who confirmed increases in security at county schools, said he doesn’t want the normal activities at schools to be disrupted by “hysteria and anxiety from these hoaxes.”But head of a Miami security company, Cornell Walsh, said he’s still concerned about the recent trend of hoaxes directed at schools in South Florida. “While these threats thankfully prove to be hoaxes, security officials don’t know if one will be real,” said Walsh. You don’t want the school population to lapse into thinking all threats will be hoaxes. The region’s security authorities must continue to take these threats extremely seriously, and conduct investigation to find the perpetuators. You can never tell if these so-called hoaxes are leading to something real.”Brent Kirkland says he was preparing to leave their home for school in South Miami when they heard about the threats, but “never felt fearful.” He said, “If we succumb to the fear being perpetuated around us, we will no longer live normal lives. Everyone at school and elsewhere need to be constantly aware of their surroundings, but try not to live in fear.”Meanwhile, addressing security concerns at the tertiary level, the Council of Presidents of Florida state colleges have submitted a proposal to the state Legislature for $74 million to enhance campus security. The proposed funds are to be used over a three-year period to improve security on campuses, train security officers and purchase security equipment.Earlier this year, the State University System requested the inclusion of $14 million in Florida’s 2016 budget to strengthen police security, and $6.2 million to improve student counseling at Florida’s 12 state universities including FAU and FIU in South Florida.Walsh said this marks a much-needed, crucial step for public universities, as “security at some state colleges need to be improved, as some have no campus police.”last_img read more

Petrobras Signs Agreement in Principle to Settle Class Action in the…

first_img Author: Priyanka Ann Saini Petrobras announced yesterday that it has signed an agreement in principle to settle the securities class action lawsuit filed in the United States District Court for the Southern District of New York.The agreement, which is subject to approval by the court, is intended to resolve all pending and prospective claims by purchasers of Petrobras securities in the United States and by purchasers of Petrobras securities that are listed for trading in the United States. It eliminates the risk of an adverse judgment which, as Petrobras has previously reported, could have a material adverse effect on the company and its financial situation, and puts an end to the uncertainties, burdens and costs of protracted litigation.Under the proposed settlement, Petrobras has agreed to pay USD 2.95 billion to resolve claims in two installments of USD 983 million and a last installment of USD 984 million. The first installment will be paid within 10 days of preliminary approval of the settlement by the court. The second installment will be paid within 10 days of final approval of the settlement. The third installment will be paid by the later of (i) six months after final approval, or (ii) January 15, 2019.  The total settlement amount will be recognised in the fourth quarter of 2017.The agreement does not constitute any admission of wrongdoing or misconduct by Petrobras. In the agreement, Petrobras expressly denies liability. This reflects its status as a victim of the acts uncovered by Operation Car Wash, as recognised by Brazilian authorities including the Brazilian Supreme Court.  As a victim of the scheme, Petrobras has already recovered R$1.475 billion in restitution in Brazil and will continue to pursue all available legal remedies from culpable companies and individuals.The agreement is in the company’s best interest and that of its shareholders, given the risks of a verdict advised by a jury, particularities of US procedure and securities laws, as well its assessment of the status of the class action and the nature of such litigation in the United States, where only approximately 0.3% of securities-related class actions proceed to trial.The agreement will now be submitted to the district court in the SDNY for review. If preliminary approval is granted, the court will notify the members of the class of the terms of the proposed settlement. After considering any objections and a hearing on the fairness of the proposed settlement, the court will decide whether to grant final approval.As a result of the agreement, the parties will ask the United States Supreme Court to defer consideration of Petrobras’s petition for a writ of certiorari, which was scheduled for January 5, 2018, pending final approval of the proposed settlement.Sea News, January 4last_img read more