Tag: collapsed

  • I am open to buy collapsed Silicon Valley Bank: Elon Musk

    I am open to buy collapsed Silicon Valley Bank: Elon Musk

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    San Francisco: Twitter boss Elon Musk on Saturday said that he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and turning it into a digital bank.

    Min-Liang Tan, co-founder and CEO of Razer (a consumer electronic company), tweeted: “I think Twitter should buy SVB and become a digital bank”.

    To which Musk replied: “I’m open to the idea”.

    US regulators on Friday shut down Silicon Valley Bank (SVB) and took control of its customer deposits in the largest failure of an American bank since 2008.

    The moves came as the firm, a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates, BBC reported.

    SVB faced “inadequate liquidity and insolvency”, banking regulators in California, where the firm has its headquarters.

    The Federal Deposit Insurance Corporation (FDIC), which typically protects deposits up to $2,50,000, said it had taken charge of the roughly $175 billion in deposits held at the bank, the 16th largest in the US.

    Silicon Valley Bank was the US’s 16th largest bank, with a total of 17 branches in California and Massachusetts.

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    ( With inputs from www.siasat.com )

  • WC skiing |  Statistics reveal stark numbers – the number of junior skiers in Finland has collapsed

    WC skiing | Statistics reveal stark numbers – the number of junior skiers in Finland has collapsed

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    Finnish Cross-country medal production has been on the shoulders of a few athletes, and the situation is not getting any better.

    The number of juniors skiing in races has literally collapsed in 20 years. While in 2002 nearly 9,000 juniors claimed a ski pass or a competition license, last year there were only 3,000 who acquired a license and a ski pass.

    The number of juniors skiing the race has decreased fairly steadily from year to year, although the gap caused by the corona epidemic has now been bridged.

    The decrease in the number of juniors means that future top athletes are also being screened from an even smaller group.

    Has the group of young competitive skiers already shrunk too small?

    Are there enough top individuals left in skiing who can grow into new Olympic winners and world champions?

    “The number of junior athletes is never large enough.”

    The ski association managing director Ismo Hämäläinen admit that the situation could be better.

    To the question whether the number of junior skiers is already too small from the point of view of elite sports, Hämäläinen gives a round answer.

    “The number of junior athletes is never large enough.”

    Hämäläinen is a long-time professional coach. He has coached, among other things, Finnish and German cross country teams and worked Aino-Kaisa Saarinen as a personal trainer.

    According to Hämäläinen, the big challenge facing Finnish society is whether young people choose the path of movement or immobility. Too many fall for the latter.

    “I’m not in favor of competition between sports, but I hope for versatile physical activity, from which talents can be screened.”

    However, skiing is not necessarily first or even third on the list when sporty young people choose their own sports. For example, there are many potential young people playing in the rings of Liiga clubs, who could also have become top skiers.

    The matter is well known in the ski association.

    “The numbers are decreasing and we have thought about what factors affect it. Now, during the snowy winters, the interest in skiing is good, but juniors should also be attracted to clubs, thereby competitive activities, and maybe someone can also be guided on the path of a top athlete.”

    In the public domain, the Ski Federation is profiled as a top sports organization, but the future peaks will still grow in clubs.

    “We have around 500 clubs, but too few strong clubs that support the whole.”

    Hämäläinen admits that the clubs have been left too alone.

    “It is a clear target for development.”

    We will try to support the clubs better in the future, even if there is not too much money to share.

    “We should get more parents involved in club activities and get attached in such a way that an adult stays in the club, even if the child stops skiing. Any sport is good for a young person, but of course we hope that Snow Sports would be of interest.”

    Ski Association CEO Ismo Hämäläinen.

    The number of junior skiers has decreased in other Nordic countries as well. In Norway, however, the starting level is so exceptional that the reduced number of enthusiasts is irrelevant.

    “When four clubs organize an event at Oslo’s Kollen, there are 2,000 juniors there.”

    In Finland, we have to follow with envy the medal celebrations of the neighboring countries at the World Championships in Planica.

    Hämäläinen is not too worried about Finland’s slow success. He admits that it is somewhat below expectations when the results are compared to the World Cup.

    “The competition gives a picture of how the whole operation works. Are the tops great and the flops tolerable.”

    Now that’s not necessarily the case. Sweden has also run away for a long time.

    “The figures are the largest in the history of EHS.”

    Model Skiers can apply for development work, for example, from the Espoo Ski Association, which runs upstream in junior activities.

    EHS currently has more than a hundred juniors in its training groups. On top of this, there are 60 ski school students.

    “The figures are the largest in the history of EHS”, the president of the club Patrik Ehrnrooth says.

    For the past five years, EHS has been Finland’s best junior club in skiing and now also the number one in the entire club classification.

    Ehrnrooth says that the basis of success is “the productization of junior activities”.

    The club started building the model with the current head coach of the national ski team Teemu Pasanen in charge ten years ago.

    Pasanen worked at EHS, among other things, as a salaried employee and head of a ski school before moving to the Ski Federation.

    Marjo Matikainen, a member of the Espoo Ski Club, won, among other things, Olympic gold and three World Championship golds in her career.

    According to Ehrnrooth, the club is now able to offer high-quality coaching, and it is not dependent on one person.

    There are a total of seven different coaching groups, five of which are aimed at young people. When joining the club, the junior knows exactly what kind of coaching he will receive and what the activities include. This is not self-evident in all clubs.

    With clear group work, EHS has succeeded in tackling, among other things, the teenage drop out phenomenon.

    “We’ve had big groups in the youth before, but they started to get smaller in the 15-year-olds. Now we got three relay medals from four races at the Junior Championship. That also shows that we offer high-quality coaching and the team will continue for longer.”

    “Only one Marjo Matikainen has come here. There could be more of them.”

    EHS’s activities have proven to be of such high quality that it has attracted skiers from other clubs in the surrounding area.

    “Unfortunately, it has impoverished other clubs. Although skiing is an individual sport, young people want a sense of community,” Ehrnrooth sums up.

    EHS has also managed to attract good coaches. Among others, there is a former national team skier Laura Mononen and also skied in the World Cup Maija Hakala.

    “I believe that our girls are excited that their role models and not just enthusiastic parents are coaching them. This is where the Norwegian model is realized. There, many national team athletes pay back their sport in this way.”

    Ehrnrooth admits that the decrease in the number of junior skiers may soon be reflected in the national team. So far, there have been enough talented individuals for top skiing, but a critical limit may be reached.

    The majority of national team athletes come from smaller towns, but the biggest ski clubs are located in growth centers such as the capital region, Jyväskylä and Tampere.

    There is a big contradiction here.

    “Only one Marjo Matikainen has come here. There could be more of them.”

    Read more: The World Cup threatens to become a classless bet – one thing unites Finland’s worst games

    Read more: Kerttu Niskanen got tired of taking exams: “You can ask questions about other things too”

    Read more: Krista Pärmäkoski sleeps so soundly that she doesn’t even wake up to the fire alarm – “You have to come get me”

    Read more: Finland was humiliated on the World Cup track – responsible coach: “We’re not really bad at sprinting”

    Read more: The World Cup threatens to become a classless bet – one thing unites Finland’s worst games

    Read more: The Finns have messed up on the World Cup tracks while working – this is how the coach responds to criticism

    Read more: Arsi Ruuskanen crashed violently into a fence at a speed of 50 kilometers per hour – this is how the dangerous run out happened

    IIvo Niskas has Olympic gold from three different competitions.

    #skiing #Statistics #reveal #stark #numbers #number #junior #skiers #Finland #collapsed

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    ( With inputs from : pledgetimes.com )

  • New 5.6 magnitude earthquake hits Turkey: several buildings collapsed

    New 5.6 magnitude earthquake hits Turkey: several buildings collapsed

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    earthquake in turkey

    earthquake in turkey

    earthquake in turkey

    Aftershock leaves 29 buildings destroyed, 69 injured and one person dead.

    In Malatya province, eastern Turkey, A magnitude 5.6 earthquake was recorded. according to that nation’s disaster management agency, AFAD.

    According to the agency’s social media post, the epicenter of the aftershock would be Yesiliurt, with a depth of 7 kilometers.

    Although the damage assessments continue, it is already known that there is a great impact in the area, with new buildings that have collapsed in the province due to their already weakened foundations due to the earthquake that hit Turkey and Syria on February 6, the which has left more than 40,000 dead.

    The authorities speak of 29 buildings destroyed, 69 injured and one person dead.

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    ( With inputs from : pledgetimes.com )

  • Rescue team unearths USD 2 million cash under collapsed building after Turkiye earthquake

    Rescue team unearths USD 2 million cash under collapsed building after Turkiye earthquake

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    In the aftermath of the earthquake that struck eastern Turkiye last week, a rescue team has made a stunning discovery. Amid the rubble, the team found $2 million in cash buried under a collapsed building.

    The discovery was made by a rescue team in the city of Gaziantep, which was one of the hardest hit by the 6.8 magnitude earthquake. The cash was found buried under the wreckage of a four-story building that had collapsed during the quake.

    According to local media reports, the building was believed to be the home of a wealthy businessman, and the cash was likely being kept in a safe. The discovery has led to speculation that there may be more hidden caches of cash in the area.

    The Turkish government has been providing aid to the earthquake victims, and the discovery of the cash has raised questions about how the government will handle the funds. The government has not yet made a statement about the discovery, but it is expected that the funds will be used to help with the recovery efforts.

    The earthquake that struck eastern Turkiye last week has left at least 41 people dead and over 1,600 injured. Rescue efforts are ongoing, and many people are still missing. The discovery of the cash has provided a glimmer of hope in the midst of the tragedy, and it is hoped that it will help to provide some much-needed relief to the people of Elazig.

    (With inputs from agencies)

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    ( With inputs from www.siasat.com )