SEC commissioner isnt exactly pleased with settlement over Elon Musk tweets

first_img Car Industry 50 Photos Review • Tesla Model 3 Review: Performance trim Tags Elon Musk Preview • 2018 Tesla Model 3 Performance: The future, quicker Enlarge ImageElon Musk appeared pretty happy after leaving federal court in April, even though he’s still subject to oversight on some potential tweet material. Spencer Platt/Getty Images Elon Musk and the US Securities and Exchange Commission may have finally quashed their beef, with Musk avoiding a contempt charge, but that doesn’t mean every SEC commissioner is on board with the final deal.Musk and the SEC reached an agreement Friday over what public statements require legal oversight before posting. Yet, a statement from SEC commissioner Robert Jackson shows that there is some dissent within the group’s ranks.”Given Mr. Musk’s conduct, I cannot support a settlement in which he does not admit what is crystal clear to anyone who has followed this bizarre series of events: Mr. Musk breached the agreement he made last year with the Commission — and with American investors,” Jackson said Tuesday in a statement.The settlement, which was publicized shortly after both parties asked a federal judge for an extension in negotiations, added clearer and more enforceable language regarding what Musk can and can’t tweet without requiring the green light from a securities lawyer. The agreement, which can be read in full below, forbids Musk from oversight-free public comments (read: tweets) about production or delivery numbers, comments on the company’s financial health, new lines of business unrelated to current lines of business and more. Musk first ended up in hot water with the SEC after his infamous “funding secured” tweet, in which he claimed Tesla had secured the dough to go private at $420 per share. That never happened, and the SEC eventually filed a lawsuit against Musk, alleging securities fraud. That happened late in 2018, but Musk again found himself in the SEC’s crosshairs in early 2019, after the SEC alleged a couple tweets about production numbers were enough for a contempt charge. Last week’s settlement means Musk has avoided the charge, but that doesn’t mean the SEC won’t keep a watchful eye on his Twitter account for a long time to come. 2020 BMW M340i review: A dash of M makes everything better Post a comment 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Tesla Model 3 barrels through the snow in Track Mode More From Roadshow 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 0 Tesla Share your voice More about 2018 Tesla Model 3 Performancelast_img read more

4th Mitsubishi Electric Cup biggest nationallevel automation competition concludes

first_imgMitsubishi electric cupMitsubishiAfter organizing Mitsubishi Electric Cup (ME Cup) for three successful years, Mitsubishi Electric, a leading electric & electronic equipment company, concluded its fourth edition of ME Cup on Saturday,16 th February 2019. Incepted in 2016, ME Cup, an annual event of Mitsubishi Electric India, has emerged as the biggest National-level Automation Competition in India that challenges many collegiate engineering teams to design, build and present factory-automated, innovative working models.The journey of 4 th Mitsubishi Electric Cup kick-started in July 2018, witnessing several project submissions and teams working on their innovative project models. All the participating teams were backed by Mitsubishi Electric India’s technical support team and were provided with the essential Mitsubishi Electric Factory Automation products such as Programable Logic Controllers (PLCs), Human Machine Interface (HMIs), Servo Motors, Variable Frequency Drives etc., to name a few.The two-day competition saw some of the best innovative project displays built by the participating teams focusing on the theme ‘Digital Industry through Smart Imagination’. These models were based on Smart Solutions for purposes like building automations, industrial manufacturing processes, among others.Team ”SPARK ” from D.K.T.E. Society’s Textile & Engineering Institute , ICHALKARANJI became the winners of the 4 th Mitsubishi Electric Cup, receiving Rs. 1,00,000 and Winner Trophy; “CON-SOL- E-3.0”team from Institute of Technology, NIRMA University, Ahmedabad bagged the second position, receiving Rs. 75,000 and Runner up Trophy; and ”TEAM EMINENCE” from MKSSS’S CUMMINS College of Engineering for Woman, Pune ranked third in the competition with prize money of Rs 50,000 and Trophy; also they have received the Most Popular Team award. An appreciation prize of Rs 10,000 along with certificates was given to the selected 15 teams. All the participating teams were also given certificates of participation from Mitsubishi Electric India.The competition primarily comprised three parts – System Design and Presentation, Basic Knowledge, and Good Behavior; System Design and Presentation requires participating teams to focus on the theme of Digital Industry through Smart Imagination independently design and produce a complete set of devices / models by using Mitsubishi Electric Factory Automation products, the control system shall be built based on the e-F@ctory concept. The Basic Knowledge test involves questions on Programable Logic Controllers, Inverters, Human Machine Interface, Servo Motors and Factory Automation Network, aiming to examine students’ understanding of Mitsubishi Electric products and factory automation technologies.Under “Good Behavior”, participating teams are required to mandatorily comply with the discipline and arrangements of the Organizing Committee, with an eye on the words and deeds, organized in a friendly and civilized manner.”Congratulations to the winners of 4 th edition of Mitsubishi Electric Cup. I congratulate all the participating teams for putting up such a great learning event. We are obliged to witness such young talent showcasing their innovative creations. Mitsubishi Electric is giving a platform to students to work as a team, create innovations and excel in the field of Factory Automation which ultimately contributes to the National Mission of Skill Development. To boost the motivation, Mitsubishi Electric will sponsor visit to its Headquarters in Japan for Gold Cup Winners. The students will have an opportunity to witness the world-class manufacturing facilities at Mitsubishi Electric’s Factory Automation Factory in Nagoya, Japan. Further, I would like to express my sincere gratitude to all participants and supportive members from institutes, organizations, companies and CII for their support and for making this event successful. We are hopeful that our initiative will help young minds to innovate in their future endeavours as well”, said Mr. Katsunori Ushiku, Managing Director, Mitsubishi Electric India Pvt. Ltd.Dr. Amit Bhalla, Vice President, Manav Rachna Educational Institutions said, “We are honoured to be chosen to organize the fourth edition of Mitsubishi Electric Cup. The working models showcased at the competition were a clear sign of emerging innovation in India and reflect the growth potential of our nation’s budding engineers. Manav Rachna has a robust research, innovation and an entrepreneurial ecosystem with many international accolades in the sphere of technological innovations. Competitions such as these broaden the spectrum of students. I congratulate Mitsubishi Electric for its unmatched role in developing and honing the skills of young engineers.”.last_img read more

Corruption in railway recruitment again

first_imgA quarter close to the railway minister is making millions over the recruitment of 865 cleaners to the Bangladesh Railway (BR), alleged Railway Sramik Karmachari Sangram Parishad, a platform of BR staffs backed by the ruling Awami League. The general manager (GM) of the BR’s East Zone on 27 December told a recent operational review meeting that he had been facing pressure from the AL leaders, including ministers and parliamentarians, to recruit people loyal to them. The railway minister, however, was not present at the meeting attended by all the top officers of the organisation, with director general Md Amzad Hossain in the chair. The cleaners, known as khalasis, are government employees of the 20th grade, the last tier. Their basic pay is Tk 8,250. The recruitment test’s viva voce was held in 2015, but the procedure was stalled due to an ongoing case. railwayGM Abdul Hye in that meeting told the DG that he could not even appoint a family member of a recently deceased railway staff because of the minister’s non-cooperation, according to four officers present at the meeting who all sought anonymity. The DG, however, did not make any comment on the issue. Md Mizanur Rahman, chief mechanical engineer of the railway’s west zone, is the convener of the recruitment committee. He, too, did not want to give further details about the problem. Speaking to Prothom Alo at his office on 3 January, Abdul Hye said he was against appointing anyone by taking bribes, adding that the applicants mostly come from lower class families.Referring to the arrest of former railway GM Yusuf Ali Mridha and Omar Faruq, personal secretary to the former rail minister Suranjit Sen Gupta, with Tk 7 million allegedly made from rail recruitment business on 9 April in 2012, Abdul Hye said it was time the railway rectified its reputation. Speaking to Prothom Alo on 31 Decmeber, rail minister M Mujibul Haque said, “I don’t know what the GM said on 27 December. A number of journalists, ministers, MPs, political leader and leaders of different cultural organisations made recommendations for the appointments. You can also recommend. The appointments, however, will be done following the policy.”The Railway Shramik Karmachari Sangram Parishad held a press conference at the Chittagong Press Club on 31 December protesting the irregularities regarding the appointment of the cleaners. Its convener Mokhlesur Rahman alleged that a syndicate close to the rail minister was finalising the appointment list in exchange of bribes.Replying to the accusations, the rail minister said the people questioning the recruitment process were ‘Jamaat and BNP supporters’. He also said he wanted to end the recruitment process as soon as possible.The railway authorities, meanwhile, cancelled the allotment of residence to Mokhlesur Rahman’s son, a junior auditor, on 1 January, the day after the press conference.Mokhlesur claimed the cancelation was an act of vengeance.*This report, originally published in Prothom Alo print edition, has been rewritten in English by Quamrul Hasan.last_img read more