RCMP in Rocky Mountain House have issued the following news release regarding the rescue of a couple nearing hypothermia on Abraham Lake Sunday night:
At approximately 7:30 p.m., on July 23, 2017, Rocky Mountain House RCMP received a 911 call of boaters in distress on Abraham Lake, located west of Nordegg, Alberta. RCMP immediately responded with assistance from Rocky Volunteer Search and Rescue, Park Rangers, Fire Department, EMS and Alberta Fish and Wildlife Officers. Emergency personnel faced reduced light conditions in the late evening hours and were also hindered by an intense storm that had moved into the area causing huge waves on the lake.
An Alberta Fish and Wildlife Officer and two Firemen were able to launch their rescue boat and navigate the shoreline locating two adults huddled under their small rubber boat positioned under a tree trying to stay warm. A 33 year old man from Smokey Lake, Alberta and a 22 year old female from Willingdon, Alberta were found to be in a near hypothermic state and were quickly shuttled to EMS for medical attention.
Earlier in the evening, the two outdoor enthusiasts took a small “dinghy” rubber boat out on the lake near the Klein River. Neither had a life preserver, rope or bailer bucket as required by law. Both were wearing shorts, t-shirts and sandals. Once out on the water, the wind blew them away from shore to the middle of the lake where the white-capped waves blew them further and further from shore. Fortunately, the waves did not capsize the small boat.
In this case, both have been charged for failing to have life jackets as required by the Canada Shipping Act and additional charges are pending. Alcohol was a factor in the incident.
Police wish to remind all recreational boaters and fisherman to exercise caution and take the necessary precautions when planning a wilderness expedition. Approved personal floatation devices and thermal protective wear should be worn at all times. Extra food, medical and camping supplies should also be packed in case of an emergency. Family, friends or neighbors should be advised of itineraries, destinations and expected return times.
This is the fifth Search and Rescue mission in the last few weeks in the Abraham Lake area.
Share debacle a rare setback for Indian tycoon Adani
By Krutika Pathi in New Delhi
NEW DELHI (AP) — Indian billionaire Gautam Adani grinned as he posed this week for photos with Israeli leader Benjamin Netanyahu after acquiring one of the country’s main ports, in Haifa.
“I promise you that in the years to come, we will transform the skyline we see around us,” said Adani, his manner upbeat even as his business empire was losing billions. Investors have been dumping Adani shares for more than a week after U.S. short-selling firm Hindenburg Research put out a report alleging his businesses have engaged in fraud and stock price manipulation. The Adani group has denied this.
Before the debacle, Adani, 60, was Asia’s richest man and the third wealthiest in the world, according to Bloomberg’s Billionaires Index. Not anymore.
The massive losses are a rare setback for the coal mining tycoon from western India’s Gujarat state and raise questions about what lies ahead.
Expansion has been at the heart of Adani’s success story. The son of a middle-class family in the Gujarat capital, Ahmedabad, he quit college to become a diamond trader in the country’s financial capital, Mumbai. He returned home to join his brother in importing plastics before establishing Adani Enterprises in the 1980s, trading in everything from shoes to buckets.
Adani shifted to investing in ports, construction and coal mining as India opened up its economy in the 1990s. A new middle class emerged and the ambitious businessman placed bets on providing energy to serve them.
Adani’s first big project, Mundra Port, is now India’s largest commercial port and he is the country’s biggest private port operator. Within a decade, he also became India’s largest developer and operator of coal mines.
Today, Adani companies also operate airports in major cities, build roads, generate electricity, manufacture defense equipment, develop agricultural drones, sell cooking oil and run a media outlet. He has his eyes set on becoming the world’s largest renewable energy player by 2030.
Citing market volatility, late Wednesday his flagship Adani Enterprises scrapped a $2.5 billion share offering that, despite the bloodletting in the group’s shares and a 28% plunge that day in its own share price, had been oversubscribed.
In a video address Thursday, Adani said the share offering was canceled to “insulate investors from potential losses.”
“For me, the interest of my investors is paramount and everything else is secondary,” he said.
The share offering was seen as a test of investor confidence in the self-made industrialist, whose ascent has been celebrated as a symbol of India’s economic ambitions. The Adani Group said in a statement that canceling the offering would not “have any impact on our existing operations and future plans.”
The Adani Group said its balance sheet was “very healthy” and its history of servicing debt was “impeccable.”
Still, Brian Freitas, a New Zealand-based analyst with Periscope Analytics who has researched the Adani Group, said the collapse in share prices for India’s second-largest conglomerate may hinder its future plans for expansion.
“It’s going to be difficult for them to raise new money,” he said.
Adani shares are still losing value. Shares in Adani Enterprises tumbled 27% Thursday, while stock in six other Adani companies fell 5%-10%.
The tycoon, who favors a plain white shirt and dark trousers over fancy dress and is said to be affable and quiet spoken, slid from being the world’s third richest man to the 13th as his fortune sank to $72 billion, according to Bloomberg’s Billionaire Index. Prior to the Hindenburg report, his net worth was about $120 billion.
More vitally, the company is now without the funds it had hoped to raise in this week’s offering. Companies often launch such share offerings to finance growth while reducing debt.
“Thanks to the short-seller, Adani’s plans will get slowed down significantly,” said R.N. Bhaskar, a journalist who wrote a biography on Adani.
Analysts say that rapid expansion has largely been fueled by borrowing. The group’s debt stands at $30 billion, out of which $9 billion is from Indian banks, the group’s chief financial officer said recently.
After the stock rout of the past week, lenders may deem his group high risk and toughen their criteria for borrowing, like demanding higher interest rates or more collateral, said Freitas.
“Equity investors are going to be wary because the stock isn’t doing well — if they can’t raise equity, they will have to go to the debt market,” he added. “Given the situation, foreign lenders will think twice before lending any new money to Adani.”
Despite Adani’s longstanding ties with Prime Minister Narendra Modi, a fellow Gujarati, and other powerful politicians, the government has so far remained silent on his recent troubles even as pressure from the political opposition for an investigation into Adani’s situation grows.
In recent years, Adani has pumped money into sectors like agriculture, defense and renewable energy — all seen as high priorities for the Indian government.
Like Adani’s commitment to the port in Israel’s Haifa, many of the group’s overseas infrastructure projects, in countries such as Sri Lanka and Tanzania, have served as an Indian counterweight to rival China’s holdings.
The Haifa deal was a coup for India, located close to another port managed by the Shanghai International Port Group.
“India is working with great fervor with Israel on defense and technology, and Adani now has a port there. You think the Indian government can sniff at that?” said Bhaskar. “The thing is, you can’t wish away Adani — because he is indispensable at this point.”
He expects Adani to remain undaunted.
“The more challenging a situation gets, the more defiant and creative he becomes to overcome it,” Bhaskar said.
Ex-UK leader Truss to urge tougher China stance in Tokyo
By Sylvia Hui in London
LONDON (AP) — Former British Prime Minister Liz Truss will join the former leaders of Australia and Belgium at a conference in Tokyo later this month to call for a tougher international approach to China.
The Inter-Parliamentary Alliance on China, an international group of lawmakers concerned about how democratic countries approach Beijing, said Friday that Truss will speak alongside former Australian Prime Minister Scott Morrison at the Feb. 17 event in the Japanese Diet. Former Belgian Prime Minister Guy Verhofstadt, who is also a European Parliament lawmaker, will attend as well.
Conference organizers hope the event would help spur more coordinated diplomacy on threats raised by China ahead of the next Group of Seven richest democratic countries’ summit, scheduled in May in Hiroshima.
Truss is expected to address growing concerns over Beijing’s threats to Taiwan, which China claims as its own territory. Morrison will call for more targeted sanctions against Chinese officials for serious human rights violations, while Verhofstadt will speak about the European Union’s role in maintaining international rules under pressure from Beijing.
“The scale of the challenge posed by the People’s Republic of China is such that we all need to rise above our differences and come together to defend our fundamental values and interests,” Verhofstadt said in a statement.
The three former leaders will address about 40 Japanese lawmakers as well as legislators from the U.K., Canada, the European Union and Taiwan. Senior Japanese ministers are also expected to attend.
Truss has kept out of the public eye since she quit as Conservative British prime minister in October after just 45 days in office, following an ill-conceived economic plan she unveiled that triggered a political and financial crisis.
As foreign secretary she was outspoken in criticizing China, advocating stronger ties between democracies so they can counter China and Russia more effectively. She had suggested that the U.K. should work with its allies to ensure Taiwan could defend itself against Chinese military aggression.
Her successor, current British Prime Minister Rishi Sunak, has rejected “grand rhetoric” against China and wants a more “pragmatic” relationship with Beijing. While he has called China’s growing authoritarianism a “systemic challenge,” he stopped short of describing China as a threat to British security and said the U.K. and its allies needed to engage Beijing in diplomacy.
Western countries are rethinking their relationship with Beijing after Russia’s invasion of Ukraine, but the U.S., Britain and the EU’s 27 member states have disagreed with each other over how to approach an increasingly assertive China.
In November, German Chancellor Olaf Scholz was criticized by both his European partners and his own coalition government when he led a delegation of senior business leaders to visit Beijing.
Critics said the bilateral visit undermined unity among EU leaders, who discussed reducing their heavy economic dependence on China during a Brussels summit in October. While Scholz said there should be recognition that China was increasingly a competitor and systemic rival, he also warned against decoupling ties.
Qatar, Norway and ‘The Trouble with Canada’
British health researcher says authorities in Canada, US, and UK are doing nothing about thousands of excess deaths
Preston Manning stepping away from National Citizen’s Inquiry to focus on the Alberta Public Health review
Will Cable Cord Cutting Shock Pro Sports Back To Its Senses?
COVID-191 day ago
Whistleblower shares his role in “Covert military operation observing UK citizens during the pandemic”
Community2 days ago
Share a special night with Great Big Sea’s Sean McCann this Saturday for the Child Advocacy Centre
Local Entertainment1 day ago
Wildlife Festival Returns to Red Deer’s Westerner Park February 3 – 5!
National2 days ago
Saskatchewan First Act will help in future court fights with Ottawa: justice minister
Alberta1 day ago
Feds to lay out ‘sustainable jobs’ plan for energy transition ahead of legislation
Alberta1 day ago
Writer opposing Free Alberta Strategy in national article confuses chartered banks with financial institutions
Alberta1 day ago
Former Alberta premier Jason Kenney accepts role in Calgary advising law firm
Health1 day ago
Liberals table bill delaying medically assisted dying expansion to March 2024