JetBlue launches Caribbean service from Chicago

first_img 57 Views   no discussions Sharing is caring! Share Share Sharecenter_img CHICAGO, Illinois, Monday November 25, 2013, CMC – US airline JetBlue has launched its first Caribbean service from Chicago, Illinois.According to JetBlue, while the airline has a “strong Caribbean network from New York, this is its first foray into the Caribbean market” from the “Windy City.”“Our new service will connect Chicagoans to sunny San Juan,” said JetBlue’s president and chief executive officer Dave Barger in a statement issued here at the weekend.“This new route will provide convenient service and a less expensive option for those seeking to visit friends and family on the island or travelling for business or pleasure,” he added.From Puerto Rico, Barger said JetBlue offers direct service to 17 destinations, with connections to Punta Cana, Santiago and Santo Domingo in the Dominican Republic, and St Croix, St Maarten and St Thomas.Caribbean Media Corporation Tweet LifestyleTravel JetBlue launches Caribbean service from Chicago by: – November 25, 2013last_img read more

Top players to become England selectors

first_img23 Jan 2015 Top players to become England selectors Sophie Walker and Rachel Jennings, who were top England amateurs before embarking on professional careers, are joining England Golf as selectors for the women’s and girls’ teams.They will attend championships and training sessions this season and help to pick the players who will represent England in international championships and matches.Sophie Walker, 30, (pictured top) was both the English girls’ and women’s stroke play champion as an amateur and has a degree in sports science and management. She is just starting her ninth season on the Ladies European Tour and is keen to forge closer links between the amateur and professional game, believing there should be a seamless continuation between the two.Rachel Jennings, 26, was a Curtis Cup player who won the English girls’ and French lady junior titles before turning professional. But after two seasons she decided that Tour life was not for her and is now the mother of a five-month-old daughter and works in the insurance industry. “Looking back I realise I wanted a career, while carrying on playing golf,” she said.Rebecca Wood, Women’s Performance Manager for England Golf said: ”I am so excited about Sophie and Rachel becoming women and girls’ selectors for 2015, they will add a tremendous amount of value to the selection committee and the programme with their knowledge and experience.“Sophie is an experienced LET player who is so passionate about her home country and forging links between the amateur and professional games. Rachel was a very successful amateur, loved representing England and her experiences as a professional can be used positively to educate the players in the pathway. They will both be very positive role models for the programme.“Sophie and Rachel join Anne Baines, Chris Pascall, Elaine Ratcliffe and myself on this year’s selection committee. I cannot thank these volunteers enough for their time, professionalism and passion for the role.”As well as helping to select players, Sophie and Rachel both feel that sharing their experiences with up-and-coming amateurs will be useful for those who are considering professional careers.Both are also keen to put back into the game. “I really enjoyed being involved with England as an amateur and I’ve always wanted to give back,” said Sophie, who is based in Lincolnshire and represents Forest Pines.“I know what to look for in a player and it’ll be interesting to see how good they are. I was lucky enough to play in pretty much every team I wanted, but you only do that if you’re winning or performing well.”Rachel, from Staffordshire, added: “I want to give something back, help the younger players coming along and help England to be successful. We’ve both got a lot we can tell the girls and they can ask us for advice – and they’ll know that we can remember being watched by the selectors too!”Image © Tristan Jones/LETlast_img read more

DD Fitness: Let’s talk about burpees!

first_imgAh, the humble Burpee.In all my years of training myself and training clients, I don’t think I have ever come across someone who truly loves doing Burpees.During a class when the instructor calls out that dreaded word, grown men seem to shrink and women cower at the mere sound of the word Burpee. Sure, we all know those guys or girls who seem to light up when it’s Burpee time.They throw themselves into the exercise like people possessed; dropping, flailing and springing up and down, only to land and shrug off the experience like it was a walk in the park.These same people can be found at the bottom of the shower around an hour later, rocking back and forth, praying that the warm flow of water will wash away their pain.They are left wondering why they can’t just admit that they too hate burpees and doubly hate their trainer. After all, every time they admit that the last session of Burpees were easy, the evil prick throws in 10 extra.Why would someone do that?They must be some sort of a sadist who revels in seeing people in pain?That must be it.Why else would they make you do the exercise that could only be created by the illegitimate spawn of Satan?? If only they made you do them at the start of the workout, at least then you would be ready for them, but no, they always, ALWAYS throw them in at the end, like some last minute punishment.Unnecessary, painful punishment.Did we not look tired enough?Was there not a big enough puddle of sweat below us? Were our faces not the right colour of puce red?Maybe it was that we were still able to stand, hmm, was that it???After all, what purpose does the Burpee have?Quite a few actually.Let me break it down for you:The Burpee consists of 3-4 moves depending on which variation you choose as your poison.The SquatThe SprawlThe Push up (some leave this out)The JumpThe Burpee is a full body movement and when you read the above description, can you identify a major muscle group that isn’t involved in the execution of a Burpee?No, they are a full-body exercise and no part of you is immune.Also, their explosive nature ups the intensity; not one, not two, but THREE jumps are required to complete a single Burpee. (1 standing and 2 on the ground)You are working your legs, core, chest, shoulders and triceps and your heart and lungs all in one simple (simple?) movement.As horrible as they may be, you cannot deny that they get the job done.They will also be useful in escaping the inevitable Zombie Apocalypse when it arrives.Having Burpees on your side means you are able to dodge, duck, dip, dive and dodge Zombies.Have you had good experiences with Burpees? Let me know.We also have to look at this from another angle.If there were no Burpees, that trainer we spoke about a few paragraphs back would probably think up something else to punish us with; Something that would bypass the I-can-taste-sick-in-my-mouth level of pain and go straight into full-blown “talking to Huey and Ralph”.Yes, I think we can all agree that love them (love?) or hate them, Burpees keep us safe from the devil himself showing up at a training session near you.#leanin2019For further information on how to get fit so you can avoid the Zombie Apocalypse, you can find out about our Lean in 2019 program through the link below. https://www.rushefitness.ie/class/lean-in-2019-gym-plan/* Emmet is the owner and operator of Rushe FitnessDD Fitness: Let’s talk about burpees! was last modified: May 24th, 2019 by Emmet RusheShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

HDN tennis tournament highlights busy day

first_imgWith the weather expected to cooperate, several local teams will be back in action today, on several different sporting fronts.In prep tennis, Del Norte High is scheduled to host the Humboldt-Del Norte League doubles tournament, with Arcata looking to close out a near perfect season.The Tigers, who are undefeated as a team this spring with 13 wins, took four of the six singles league titles two weeks ago, and will be looking to carry that momentum into today’s action.Elsewhere in prep …last_img

Introducing the Stretch & Squish Theory of Evolution

first_imgEvolution is too slow if theorists rely on single point mutations, say two biologists from U. of Texas Southwestern Medical Center, who published their ideas in PNAS1 (see summary on EurekAlert).  Instead, evolution proceeds by rapidly distorting, stretching and squishing what is already there, they claim.    They claim that even Darwin knew that evolution was fast: “In an observation that has evolved into the modern theory of punctuated equilibrium, Darwin inferred from the fossil record that evolution frequently occurs in rapid bursts.”  In an effort to find a molecular basis for speeding up evolution to make rapid changes possible, they examined genetic sequences called tandem repeats from the blood of different breeds of dogs. Most scientists agree that over very long periods of time, mutations in the genetic code are responsible for driving evolutionary changes in species.  One widely accepted hypothesis is that random, so-called single-point mutations – a change from one letter to another among the billions of letters contained in the code – minutely but inexorably change an organism’s appearance.    UT Southwestern scientists, however, believe the single-point mutation process is much too slow and happens much too infrequently to account for the rapid rise of new species found in the fossil record, or for the rapid evolutionary changes occurring in species such as the domestic dog, whose various breeds have evolved relatively quickly from a not-too-distant common ancestor.Mutations in tandem repeat sequences apparently occur 100,000 times as often as point mutations, and produce noticeable changes in appearance quickly, they claim.  Dr. John Fondon explains:“I was struck by the prevalence of very highly mutable tandem repeats in the coding regions of genes responsible for development,” he said.  “That’s when it occurred to me that this may be an important mechanism whereby our genomes are able to create lots of useful variations in genes that are important for our development, our shape and structure, and our overall appearance.  “Many of the shape difference that we see in evolution are not suddenly adding a wing or a leg.  They are distortions, the stretching or squishing of a body part.  Mutations in these repeat sequences are responsible for such incremental, quantitative changes.”In the case of humans, mutations in neurons might have distorted, stretched and squished our brains: “Humans rapidly evolved big brains, which helped them survive as well,” suggested the other researcher, Dr. Harold Garner.Update 12/22/2004: Elizabeth Pennisi in Science2 calls this the ”Ruff” Theory of Evolution.  She notes that not all agree with the hypothesis that tandem repeats drive the evolution dogsled:Sean Carroll from the University of Wisconsin, Madison, worries that Fondon and Garner overestimate the importance of tandem repeats in typical evolution, noting that dog owners have bypassed natural selection by breeding for physical characteristics without thought to how the resulting changes would impact a dog’s survival in the wild.  Intensive breeding may have prompted the rampant changes in tandem repeats, more so than would occur under natural conditions.  But David King, an evolutionary biologist at Southern Illinois University in Carbondale, argues that it doesn“t matter whether natural selection or artificial breeding is at work–the role of tandem repeats is now clearly important: “[Fondon and Garner] have shown that tandem repeats are effective for fine-tuning evolution.”1John W. Fondon and Harold R. Garner, “Molecular origins of rapid and continuous morphological evolution,” Proceedings of the National Academy of Sciences USA, 10.1073/pnas.0408118101, published online 12/13/2004.2Elizabeth Pennisi, “A Ruff Theory of Evolution: Gene Stutters Drive Dog Shape,” Science, Vol 306, Issue 5705, 2172, 24 December 2004, [DOI: 10.1126/science.306.5705.2172].This evolutionary food for thought is fit for a King.  (Here, King; here, boy.)  How do you squish an arm into a wing, or stretch a fin into a leg?  This sounds like the silly putty theory of evolution.  An intelligent kid can purposefully make things out of silly putty, but the putty by itself is silly and has no goal in mind.  Put the silly putty into a random machine of moving parts and chaos results.    Other problems quickly evolve from this theory.  What if the top of the dog’s snout gets stretched by a tandem repeat mutation, but the bottom jaw does not?  The dog can’t eat.  What if the mutated dog can eat, but cannot find a mate with the same mutation?  And don’t these guys know that dog breeding is not evolution, but intelligent design?  How can David King, an evolutionary biologist, appear so ignorant of the difference between natural and artificial selection?  And how can he use evolution and fine-tuning in the same phrase?    For these and other reasons, this Silly Putty theory of evolution gets Stupid Evolution Quote of the Week.  Fondon and Garner’s final sentence in the paper makes tandem repeats responsible for all the beauty and variety of living things:How broadly this mode of evolutionary change is exploited in nature remains to be seen, but if the prevalence of repetitive elements within genes is any indicator, then mammals, insects, plants, and other genomes throughout the natural world may use this mechanism to achieve evolutionary agility.“Evolutionary agility” – now there is an equivocation for the record books.  How did a lizard learn to fly?  By evolutionary agility.  How did an ape learn to build spacecraft?  By evolutionary agility.  How did a dog learn to become a whale and dive deep into the ocean, navigating by sonar?  By evolutionary agility.  What an agile concept.    Papers like this diminish the prestige of the National Academy of Sciences.  Peer review is supposed to prevent dumb ideas from getting published.  If it were not for the desperation of the Darwin Party to keep sending new ideas up the flagpole to see if anyone salutes, they would have been forced to admit defeat long ago.  This entry’s only value is in pointing out that the old neo-Darwinian theory of natural selection, acting on point mutations, is inadequate to account for the rapid change found in the fossil record.  That is an admission that supports creation, not evolution.(Visited 70 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Indaba wants more women in management

first_imgTourism Minister Tokozile Xasa aims to get 30% female representation in management in the tourism sector over the next five years. WiT 30in5 was launched at Africa’s Travel Indaba in Durban this week.Durban will host Africa’s Travel Indaba for the next five years, it is announced at the 2017 convention, running from 16-18 May in the coastal city. (Image: South African Tourism, Flickr)Brand South Africa reporterA campaign to increase the proportion of women in tourism management positions to 30% in the next five years was launched by Tourism Minister Tokozile Xasa at Africa’s Travel Indaba, or simply Indaba as it is better known.Called WiT 30in5, the campaign will be chaired by Judi Nwokedi, Tourvest’s chief operating officer, in a collaboration with the private sector and the national Department of Tourism, the Indaba’s newsletter confirmed.Xasa launched WiT 30in5 at the fourth annual Women in Tourism event on Wednesday evening, 17 May 2017, held at the three-day Indaba. This campaign will target 30% female representation in executive management and board directorship positions by 2022, and is in line with the goals set out in the Tourism Broad-based Black Economic Empowerment scorecard.Tourism Minister Tokozile Xasa attends the Travel Indaba, held in Durban from 16-18 May 2017. (Image: Melissa Javan)Durban to stay host cityRadio station Power FM 987 reported that 7,000 delegates from 17 African countries were showcasing their products and ideas at this year’s Indaba, held at the Albert Luthuli Convention Centre (Durban International Convention Centre).Discussions at the convention included new ways of growing the sector. It was said that tourism contributed 9.3% to South Africa’s gross domestic product last year, and one in every 22 employed people in the country worked in the sector.It was also announced that Durban would host the annual tourism indaba for the next five years.Watch eThekwini Executive Mayor Zandile Gumede share her excitement at the news that the Indaba will be held in the city for the next five years:“We Do Tourism” campaign launchedThe We Do Tourism campaign was also launched at the Indaba.Debbie Damant, the South African Tourism country manager for Southern Africa, said on Power FM 987 that We Do Tourism aimed to make all South Africans understand that tourism was everybody’s business. “We want to rally the entire country and the entire tourism industry to demonstrate just how far the impact of the whole value chain (of tourism) goes.“The vendors on the pavement… the taxi drivers … all of the South Africans have such an important and critical role in the whole tourism value chain,” she said. “We want to show South Africans it’s really not just for international tourism.”Explaining the name, We Do Tourism, Damant said: “It’s actually ‘I do tourism’, ‘you do tourism’ and we all do tourism together.”The campaign was slightly different from the Sho’t Left campaign, which encouraged locals to take part in domestic tourism, Damant said. “We Do Tourism is owned by everybody.”The organisation was talking to partners in the tourism industry to allow South Africans to “lay buy” travel, she said. “Locals are saying they can’t afford it (domestic travel), but we are saying it can be paid off. We need to make domestic travel affordable but also accessible.“We want South Africans to know it is possible to travel in your own country.”The more South Africans travelled in their country, the stronger the tourism industry was. “This means we have a stronger domestic industry and international business will be more of a bonus.”“We want South Africans to be tourism ambassadors. We would like domestic tourism to be big.” #INDABA2017 pic.twitter.com/NHpLr4o9u1— SATravelTrade (@SATravelTrade) May 16, 2017Other highlightsThe Indaba’s exhibitor’s day was held on 15 May, a day before the conference. At this, a seminar focused on issues such as trends in tourism, and South African Tourism globally.The day was set aside for exhibitors to meet potential buyers, of which there were 306, the same number that attended in 2016. This figure was announced on the webinar Engage with SA Tourism on Indaba, held on 20 April. It also announced that there were 770 exhibitors this year, down from 886 last year.There were three speed marketing sessions over the three days of the Indaba.Discussion points were shared on Twitter:“we need to integrate the traditional and contemporary, including rural, tourism packages” #DurbanIndaba @indaba2017 @TOMSA98— TBCSA (@TBCZA) May 18, 2017#TBCSA CEO “we need to grow the cake. We need to also create new entrepreneurs and be more innovative in selling KZN” #CNBC #DurbanIndaba— TBCSA (@TBCZA) May 18, 2017So many stories, course and smiles#INDABA2017 #KhulumaLocal pic.twitter.com/gTAuByed8Y— The Roaming Giraffe (@DiBrown5) May 17, 2017#DurbanIndaba #INDABA2017 discussion of direct flights travelling abroad to and from Durban— Londiwe G. (@Londiwe_GGumede) May 18, 2017The Hidden Gems programmeThe Hidden Gems project was undertaken by South African Tourism and the Department of Tourism in collaboration with the Southern Africa Tourism Services Association. Ten small, medium and micro enterprises (SMMEs) were chosen from each province to take part in a training programme before exhibiting at the Indaba.Training included mastering the ability to be ready to talk to a buyer. Sisa Ntshona, chief executive officer of South African Tourism, said at the webinar that the focus was on how to get these hidden gems to graduate to mainstream tourism. “It’s about inclusive growth. We want to bring in new players.”He encouraged other SMMEs to contact their provincial tourism authority if they wanted to stand a chance to benefit from Hidden Gems.Entrepreneur shares his storyLebo Malepa, one of the entrepreneurs who took part in the project, said that being unique would help to get you recognised and exposed.Malepa started Lebo’s Soweto Backpackers in 1998 by selling crafts in the street. “Eventually I went to my parents and asked them, can I use my room to accommodate people (tourists), one room at a time, then the whole house eventually.”Now he has three guesthouses in Soweto. He uses some of his neighbours’ houses for accommodation too. He also involved his neighbours in other things relating to his tourism business. For example, if tourists needed their washing done, he asked the women in the street to do the washing by hand.He also encouraged his neighbours to cook for tourists; because there were different cultures on his street, they cooked diverse meals.Watch Lebo Malepa talk about his tourism business in Soweto:Sources: Indaba, Indaba Daily News, Department: Tourism and Power FM 987, Soundcloud.Would you like to use this article in your publication or on your website? See Using Brand South Africa materiallast_img read more

Standhardinger beats PBA draft deadline

first_imgTyphoon Kammuri accelerates, gains strength en route to PH Travel-weary Yemenis dream big UPLB exempted from SEA Games class suspension LOOK: Venues for 2019 SEA Games From among the homegrown talents, the applications of Kiefer Ravena and Bobby Ray Parks are also being keenly awaited by fans. Brace for potentially devastating typhoon approaching PH – NDRRMC The Philippine Basketball Association Draft pool just got its first legitimate talent who can turn a franchise around.Christian Standhardinger declared for the Draft on Monday as applications for overseas-born aspirants closed, immediately becoming the hands-down top overall prospect because of his size and exemplary attitude.ADVERTISEMENT LATEST STORIES The 6-foot-8 Standhardinger, whose mother hails from Angono, Rizal, easily stands out from a bumper crop of aspirants who beat the deadline, counting former La Salle ace Jason Perkins and San Beda College’s Davon Potts.Standhardinger, 27, stood out in the Jones Cup in Taiwan, Fiba Asia Cup in Lebanon and Southeast Asian Games in Malaysia, where the Philippines took the gold medal.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutHe is seen as someone who can dominate the middle in the PBA much like June Mar Fajardo has done for San Miguel Beer.The Draft is set on Oct. 29 with KIA Picanto likely to have the top overall pick. SEA Games in Calabarzon safe, secure – Solcom chiefcenter_img WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Don’t miss out on the latest news and information. Read Next Trending Articles PLAY LIST 00:50Trending Articles02:03DOH drafting order to lower prices of expensive medicines00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games View comments MOST READ Kammuri turning to super typhoon less likely but possible — Pagasalast_img read more

Ateneo sweeps first round, outlasts La Salle

first_imgUP suffers big blow with injury to Manzo in loss to NU For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. “Good thing we shot the ball in the first quarter and that gave us the cushion that we needed in the fourth.”Ateneo had a 59-48 lead late in the third quarter but the Green Archers managed to cut it to one, 63-62, heading into the fourth after mounting a 14-4 run.Nieto had a team-high 16 points to go along with two steals for the Blue Eagles while Anton Asistio added 14 points, 12 of which came from beyond the arc.Ricci Rivero led the Green Archers with 19 points while Mbala had an 18-point, 13-rebound double-double.ADVERTISEMENT Matt Nieto came through in the clutch for Ateneo tapping away Kib Montalbo’s inbound pass before hitting two free throws to win the game with 3.9 seconds leftMontalbo threw a last-second heave that was way off.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutAteneo assistant coach Sandy Arespacochaga said his team was fortunate enough that they had a good start. The Eagles led, 28-16, after the first period before the Archers attempted several rallies and almost took the victory.“There were times that La Salle looked like they wanted it more, especialy in the second and third quarters and it became a grind in the fourth,” said Arespacochaga. Read Next Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Nonong Araneta re-elected as PFF president Photo by Tristan Tamayo/INQUIRER.netAteneo pulled off a first round sweep after taking down defending champion La Salle, 76-75, in the UAAP Season 80 men’s basketball tournament Sunday night at Mall of Asia Arena.The Blue Eagles exacted revenge from last season’s championship round to finish the first half of the tournament with a 7-0 record while the Green Archers slipped to 5-2.ADVERTISEMENT MOST READ LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Frontrow holds fun run to raise funds for young cancer patients  Fire hits houses in Mandaluyong City LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Fire hits houses in Mandaluyong City View commentslast_img read more

MIRACLE LEAGUE TO HOST ‘DANCE ON THE DIAMOND”

first_imgTHE MIRACLE LEAGUE OF SIOUX CITY WILL HOLD A SPECIAL EVENT FRIDAY EVENING AT THEIR RIVERSIDE PARK COMPLEX.SPOKESMAN CHAD REA SAYS THE FIRST “DANCE ON THE DIAMOND” WILL TAKE PLACE:Audio Playerhttp://kscj.com/wp-content/uploads/2018/08/MIRACLE.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC…….COME OUT AND D.J. :12SUNNYBROOK COMMUNITY CHURCH IS HELPING THE MIRACLE LEAGUE PUT ON THE DANCE ON THE DIAMOND.REA SAYS IT’S BEEN A BUSY SUMMER AT THE COMPLEX:Audio Playerhttp://kscj.com/wp-content/uploads/2018/08/MIRACLE2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC…………..BUSY AS WELL. ;12FRIDAY’S EVENT IS FREE AND TAKES PLACE FROM 6:30PM UNTIL 9PM AT THE MIRACLE LEAGUE FIELD IN RIVERSIDE PARK.last_img

Home Capital secures cheaper credit line from two Canadian banks

first_imgTORONTO – Home Capital Group Inc. has secured a $500-million standby credit line from two unnamed Canadian banks to replace its more costly emergency funding facility from Warren Buffett’s Berkshire Hathaway Inc.The Toronto-based alternative mortgage lender says its subsidiary Home Trust Company has inked a letter of commitment from two Canadian Schedule 1 banks for the two-year secured line of credit facility.Home Capital’s chief financial officer Brad Kotush says this new credit line has a lower aggregate cost than its current $2-billion funding facility, which matures at the end of June.Last June, Buffett’s investment firm bought a stake in Home Capital Group and provided its subsidiary with a $2-billion line of credit.The credit line gave the Toronto-based lender some much needed liquidity after it faced a run on deposits, amid allegations of misleading disclosure to investors.Kotush says Home Capital has sufficient liquidity and has significantly reduced its reliance on demand deposits, and does not intend to draw on the new, cheaper credit facility.last_img read more