TCIG doubles down on coming Statutory Board Review

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#magneticmedianews, #mismanagementingovernment, #newreviewforboardsofgovernment Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, April 13, 2017 – Providenciales –  Government boards and statutory bodies will be held more accountable as government now doubles down on talk of a coming review to ensure that there is responsible management.   Governor, His Excellency Dr. John Freeman said the recent challenges at the National Health Insurance Board are an example of how any sort of mismanagement can cost the country big time.   He said,  “The object lessons from the NHIB are particularly acute: it is not beyond the realm of possibility – as I have illustrated – that serious mismanagement of the NHIB or of certain other Boards, could cause a serious run upon the budgetary resources of TCI.”And the Govenror is saying that those entities with the more money to manage and more significant roles to play in running the country will be expected to perform at the highest levels.   The CIA or Chief Internal Auditor completed its report on the NHIP and now the Governor is reiterating that there will have to be reviews and that CEOs and Senior Management will have to accept that not only are they expected to run these entities efficiently and proficiently, but they will be held responsible if there are shortcomings.Firm words from the Governor who shared that as much as $45 million is forked over for medical care by the public purse, “This accounts for a significant proportion of TCIG’s overall expenditure costs and along with the contributions of residents across TCI requires prudent management and accountability,” he said.  Governor Dr Freeman added that he and the Premier are committed to a review.   Zaneta Burton has since rejoined the NHIB as its CEO, Floyd Seymour is no longer on as interim CEO.#MagneticMediaNews#NHIB#mismanagementingovernment#newreviewforboardsofgovernmentlast_img read more

Steven Gerrard Kyle Lafferty is back to his best

first_imgRangers Coach Steven Gerrard has lauded the contribution of Kyle Lafferty who came on as a substitute in Rangers’ midweek Europa League draw against Villarreal.However, he insisted sentiments will not be considered in his decision on whether he starts against his former team Hearts on Sunday.Rangers will be needing the experience of the Northern Irishman in a match which a win could take them top of the Ladbrokes Premiership for the first time since Steven Gerrard took over.“I thought Kyle was excellent when he came on,” Gerrard told The Herald.Steven Gerrard, Michael OwenOwen reveals why Liverpool didn’t offer Gerrard a new contract Manuel R. Medina – September 6, 2019 According to Owen, the Reds wanted to sell Gerrard two years before he left the club and that’s why they didn’t offer him a contract renewal.“That is the Lafferty we want. He was aggressive, putting himself about, difficult to play against and nearly got the winner with an unbelievable strike. He will play a big part from now until the end of the season but there will be no sentiment involved because it is his old club.”On the atmosphere of the Tynecastle, Gerrard said:“It is a narrow pitch, a little bit tighter to what we are used to here at Ibrox,”“But it is the same for both teams. It is a wicked little atmosphere and I am looking forward to the game. I am sure it will be feisty at times this weekend. But I don’t mind that, I am all for that, I used to love playing in those ones.”last_img read more

How Infosys TCS Wipro Tech Mahindra are expected to perform in June

first_imgWith the earnings season for the current financial year all set to begin, analysts have started making their forecasts for companies across sectors.The spotlight, as always, will be more on information technology (IT) services companies. Infosys, Tata Consultancy Services (TCS), Wipro, HCL Technologies and Tech Mahindra will continue to be in focus in the run up to the announcements of their June quarter results.Profit margins of Infosys, TCS and Wipro are most likely to be hit due to the salary hikes announced during the last quarter, according to ICICI Securities. From a revenue growth perspective, Infosys and TCS are expected to lead, while Wipro and Tech Mahindra are projected to lag in revenue growth, it added. The Brexit factor is bound to impact some of the companies.Tech Mahindra and HCL Technologies have the highest revenue contribution from Europe, including the U.K., at 29 and 28 percent, respectively, while it is 23 and 26 percent for Infosys and TCS, respectively, according to Edelweiss Securities Ltd.Here is a round-up of how analysts are expecting major IT companies to perform:InfosysThe Bengaluru-based company is expected to have grown 4.2 percent in revenues owing to deal wins in the recently-ended financial year, according to Edelweiss Securities Limited. “We anticipate no major disappointments in Q1,” said the brokerage.The company’s growth will be mainly on account of momentum in deal wins — TCV of $2.8 billion in FY16 vs $1.9 billion in FY15 — aggressive participation in the transformation deals market and investments in IMS and digital technologies.ICICI Securities Ltd. made a similar projection for the country’s second-largest software services exporter. “We expect Infosys to report revenue growth of 3.7 percent in constant currency terms with cross currency a tailwind of ~50bps. Revenue growth in dollar terms should be 4.2 percent,” the brokerage said.In its guidance for 2016-17, Infosys had said it expected revenues to rise 11.5 to 13.5 percent in constant currency terms during 2016-17. The company does not give quarterly guidance.On Monday, Infosys stock closed at Rs. 1,184.25, up almost 1.04 percent from its previous close on the Bombay Stock Exchange (BSE).Also read: Infosys shares fall 4% on COO Pravin Rao’s warning of ‘quarterly bumps up and down’Infosys ADRs rise 8% on Nasdaq, employees get 6-12% salary hikeTCSThe Mumbai-based Tata Group company is likely to see its profit margins shrink on account of wage hike and visa cost, though revenues are likely to post growth broadly in line with expectations. “We estimate TCS to post 3.1 percent QoQ revenue growth, implying almost 3.6 percent constant currency spurt,” Edelweiss said.The company’s topline is also likely to be impacted in the coming quarters, given that it derives about 14 percent of its revenues from Britain. “Changed economic conditions due to Brexit could impact TCS the most on account of 14% GBP exposure—major concern,” the brokerage said.TCS shares closed 0.28 percent lower at Rs. 2,494.80 apiece on the BSE on Monday.WiproThe third-largest software services exporter had given an IT revenue guidance of  $1,901 million to $1,939 million for the June quarter in constant currency terms. “We expect Wipro to deliver dollar revenue growth of 2.4 percent QoQ with ~40bps of growth contributed by cross currency. Wipro had guided for growth in constant currency terms of 1-3 percent in Q1FY17,” ICICI Securities said.Also read: Wipro Q4 net profit falls 1.6%; company raises Q1 FY2017 IT revenue guidance to $1,901-1,939 millionWipro stock closed at Rs. 560.10, a gain of 0.30 percent from its previous close.HCL TechnologiesThe revenue projections are bullish for the company but not profit margins. “We estimate HCLT to log 6.6% and 7.0% USD and CC revenue growth, respectively. We have factored in USD65mn revenue from Volvo and organic growth of 3.0% in constant currency. We expect EBITDA margin to contract 170bps QoQ impacted by lower margins in the inorganic business and visa cost,” said Edelweiss Securities.The stock closed at Rs. 746.30, up 2.04 percent from its previous close.Tech MahindraTech Mahindra is one of those companies that derive a significant portion of its revenues from the U.K. The company is projected to post marginal growth for the June quarter. “We expect overall revenues to grow by 0.2% QoQ to $1,025 million,” ICICI Securities said.”We expect overall new-deal intake to remain healthy in the US$250mn-300mn range with the intake equally dispersed across Enterprise and Communication segments,” it added.Shares of Tech Mahindra stock closed at Rs. 517.35, up 1.11 percent from their close on the BSE.last_img read more

Pleasant Bend An Historical Look At West Houston

first_imgDan Worrall, a member of the Harris County Historical Commission, has published a book about the history of west Houston called Pleasant Bend: Upper Buffalo Bayou and the San Felipe Trail in the Nineteenth Century.The book grew of his efforts to save an early Texas graveyard from destruction, hidden away from the modern world near Post Oak Boulevard where his second great grandparents are buried.Maggie Martin talked with Worrall about the book and about the early settlers of what we now call Houston. Sharelast_img read more

Quantum computing Entanglement may not be necessary

first_img(PhysOrg.com) — It is a truth universally acknowledged that quantum computing must have entanglement. Measuring light and vacuum fluctuations from a time flow perspective “Entanglement,” Andrew White tells PhysOrg.com, “is normally considered a non-negotiable part of quantum information processing. In fact, if you told me a couple of years ago that you could do quantum computing without entanglement, I would have been pretty skeptical – to say the least!” White says that he first heard the idea of non-entanglement quantum computing from Carl Caves. “I was intrigued when Professor Caves, on sabbatical here in Australia from New Mexico, mentioned that there were sober predictions that entanglement wasn’t always necessary.”White leads a team of young experimental scientists at the University of Queensland in Brisbane, Australia. Ben Lanyon, Marco Barbieri, Marcelo Almeida and White have been studying deterministic quantum computing with only one pure qubit (DQC1). “Entanglement is not the final story on what makes quantum information processing powerful,” White insists. The Australian team’s results can be found in Physical Review Letters: “Experimental Quantum Computing without Entanglement.”“Normally, in order for quantum computing to work,” White explains, “we need to encode the information into quantum bits—qubits—which are in a noise-free pure state. It’s known that the entanglement between these is what makes standard quantum computing powerful.” He continues, “With a DQC1 scheme, you only have to have one pure qubit, and the rest can be noisy or mixed.” The idea behind quantum information processing using entanglement is that noiselessness has to be applied in order to provide a substantial advantage over classical computing. DQC1, though, could potentially offer a more efficient and less resource-intensive method of quantum computing, since entanglement would no longer be a necessity.“For this demonstration,” White says, “we used the smallest possible example: a circuit with just two qubits, one pure and one mixed. We ran a phase-estimation algorithm as a small example, and found in every setting there was zero entanglement, but that most of the states couldn’t be described efficiently in a classical manner.”White points out that this is suggestive that there are other possibilities, beyond entanglement, that contribute to the power provided by quantum information processing. “We’re still chewing through the implications,” he says. “This is not a universal panacea,” White admits. “For some problems and algorithms you just need pure qubits and entanglement, problems such as Shor’s algorithm. However, there are applications and problems where the DQC1 method will work quite well, and will be more efficient than trying to get qubits that are all pure.”With so many different architectures and schemes for quantum computing – all of them trying to create a system in which all the qubits are pure – it is rare to see a group looking to find applications for a quantum information system that makes allowances for impurity and the introduction of noise – insisting that entanglement is not necessary. “The fact is that certain classes of problems don’t need entanglement, and they don’t need all of the purity. In some cases, all that is needed is one pure qubit and the rest could be mixed. Really, with DQC1, you don’t have to work as hard as you think you do.”We are starting to build more complicated algorithms to get an idea of where this could go. Regardless, the idea that entanglement may not be necessary for some types of quantum computing is big news.”More information: B. P. Lanyon, M. Barbieri, M. P. Almeida, and A. G. White. “Experimental Quantum Computing without Entanglement.” Physical Review Letters (2008). Available online: link.aps.org/abstract/PRL/v101/e200501 . Copyright 2007 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. Citation: Quantum computing: Entanglement may not be necessary (2008, December 5) retrieved 18 August 2019 from https://phys.org/news/2008-12-quantum-entanglement.htmlcenter_img Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more