Activist investors circling Metro Bank

first_img More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Harry Robertson Activist investors are interested in buying an equity stake or new debt in a private placement, the Sunday Times said. Read more: Metro Bank shares plummet to record low after scrapping of bond issue US raider Elliott Advisors is one of a group of investors circling the the UK challenger bank, the Sunday Times reported. Metro said in a statement: “Given the current market conditions though Metro have elected to not proceed with a transaction at this time.” Activist investors are eyeing up Metro Bank after a failed bond offering and contemplating taking a stake or buying up parts of the business that could be profitable. The struggling lender was forced to ditch a £250m bond issue last week after investors showed little demand for the debt despite the sizeable yield Metro Bank had offered. The lender, which launched in Britain in 2010, had sought to raise £250m with its bond issue before a regulatory deadline in January 2020.  Activist investors circling Metro Bank Other investors are toying with the purchase of Metro’s deposit book as a way to access cheap funding. Read more: Woodford Trust and Metro Bank kicked from FTSE 250 list LONDON, ENGLAND – JULY 29: The first branch of Metro Bank opens to the public in Holborn on July 29, 2010 in London, England. The bank is the first UK high street bank to open in the last century, with 2 branches currently in central and West London opening seven days a week. The bank, Co-founded by billionaire US businessman Vernon Hill hopes to open another 200 branches in the greater London area over the next 10 years. (Photo by Dan Kitwood/Getty Images) He said asset sales could reduce the size of bonds that Metro Bank needs to issue and could “potentially sizably boost capital at the expense of earnings”. Share But despite a 7.5 per cent yield orders had only reached £165m by 1pm on Monday. Barclays analyst Aman Rakkar said last week that the failed issuance meant there was “an increasing likelihood – and need – for Metro to dispose of ‘non-core’ assets”. Metro Bank could not be reached for comment. Elliott Advisors declined to comment. Metro has suffered since the a major loan book error in January sent shares tumbling. Shares have fallen almost 90 per cent since the start of the year. whatsapp Sunday 29 September 2019 4:41 pm whatsapplast_img read more

Bank of England apologises for historic slave links

first_imgYesterday, three of the world’s biggest banking and insurance companies vowed to donate money to projects benefiting minority ethnic communities after their links to the slave trade were exposed. (Getty Images) Also Read: Bank of England apologises for historic slave links Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBetterBe20 Stunning Female AthletesBetterBeUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost FunUndoNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteableyUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndo The Bank of England last night said it would block images of former leaders linked to the slave trade in its Threadneedle Street building, adding that the slave trade was an “unacceptable part of English history”. (Getty Images) Also Read: Bank of England apologises for historic slave links Statues of slave owners have been torn down in cities across the UK including a state of Edward Colston in Bristol, statues of Robert Clayton and Thomas Guy at London’s Guy’s and St Thomas’ Hospital, and a monument to 18th century slave trader Robert Milligan in Tower Hamlets. New analysis of a University College London (UCL) database found that 25 previous governors and directors of the Bank of England benefited from slavery. It is not thought that that the Bank itself, which was founded in 1694, had direct links to the slave trade. Other notable former Bank employees mentioned in the database were Jeremiah Harman, governor between 1816 and 1818, who owned 409 slaves and three plantations in St Kitts; Thomas Hankey Jnr, governor between 1851 and 1853, who owned 534 slaves and four estates in Grenada; and Alfred Latham, governor between 1861 and 1863, who owned 402 slaves and three estates in Jamaica, Nevis and Tobago. Bank of England apologises for historic slave links (Getty Images) The list included prominent names such as Sir John Rae Reid, governor of the Bank of England between 1839 and 1841 and director of the West India Company, who was paid the equivalent of £7.1m in today’s money for giving up ownership of more than 3,100 people. Share whatsapp Poppy Wood The Bank of England has apologised for the involvement of past governors and directors in the slave trade and vowed to remove all statues and paintings of them from its City headquarters. Friday 19 June 2020 9:57 am It comes as the UK faces a moment of cultural reckoning in response to the killing of unarmed black man George Floyd by a US policeman this month, which sparked protests across the globe.  whatsapp The UCL database traced the 47,000 people in the UK who received the modern-day equivalent of £2.4bn in compensation from the 1833 Abolition of Slavery Act. Lloyds Banking Group, Royal Bank of Scotland (RBS), RSA Insurance said they would make payments after former executives of the companies were linked to the UCL database. Show Comments ▼ More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comlast_img read more

Driver who allegedly led police in pursuit is headed to trial next year

first_imgCrime & CourtsDriver who allegedly led police in pursuit is headed to trial next yearNovember 21, 2016 by Matt Miller, KTOO Share:The Juneau Police Department say this vehicle was involved in a dangerous driving spree across Juneau on Saturday, Nov. 12, 2016. (Photo courtesy Juneau Police Department)A jury trial is scheduled for February for a Juneau man accused of trying to run down police officers during a pursuit over a week ago.Cecil Trent Yeisley, 23, faces five felony assault charges and one charge of failing to stop for a peace officer.Yeisley was indicted by a grand jury on Wednesday and arraigned in Juneau Superior Court on Friday.It’s unclear if Yeisley still faces additional charges of reckless endangerment and assault for fighting with his mother on Nov. 12. She and a witness told police she fought with her son for control of a vehicle in the Hospital Drive area after she tried to get him to submit to a mental health evaluation. Yeisley allegedly tried to throw his mother from the vehicle and run her down.During the pursuit that followed, Yeisley allegedly rear-ended a police officer with his vehicle and allegedly tried to hit a witness and three other first responders.Yeisley was identified by his mother as the man who allegedly “tossed” a machete at officers two days earlier on Nov. 10.A Juneau Police Department officer in the median of Egan Drive dodges the vehicle barreling at him in this still from a video posted to Facebook by Richard Koddi Moe). The driver swerved at the officer, who was attempting to use a spike strip.A jury trial is scheduled for early February, though it may not necessarily be held. Trials are frequently delayed because of evidence or witness availability, or conflicts with other court proceedings. The judge is scheduled to preside over an unrelated homicide trial that same week.Share this story:last_img read more

Microsoft quietly starts to accept Bitcoin payments

first_img Microsoft quietly starts to accept Bitcoin payments Tags: Bitcoin and blockchain Microsoft Show Comments ▼ whatsapp whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo Jessica Morris Thursday 11 December 2014 10:12 am Share Microsoft has quietly started accepting Bitcoin payments.Customers can now use the cryptocurrency to buy content such as Windows phone apps, Xbox games and the Xbox video stores. The software giant made no formal announcement, instead creating an information page on its website which tells customers how to top up their accounts using the virtual currency.The news was later confirmed in a blog post on Microsoft’s website by Eric Locard, corporate vice president of Universal Store at the US firm:For us, this is about giving people options and helping them do more on their devices and in the cloud.The use of digital currencies such as Bitcoin, while not yet mainstream, is growing beyond the early enthusiasts.We expect this growth to continue and allowing people to use Bitcoin to purchase our products and services now allows us to be at the front edge of that trend.Bitcoin is a digital currency that uses a code to change data into an unreadable format, ensuring online payments made with it are anonymous.This has meant it’s struggled to gain mainstream approval, with many saying weak regulation makes it an ideal tool for online criminals.However, Microsoft follows other big businesses such as Paypal, Dell and Expedia who also accept the virtual currency. last_img read more

British Chambers of Commerce wants a return to compulsory work experience for under-16s

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap British Chambers of Commerce wants a return to compulsory work experience for under-16s Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillUndoInteresticleMan Finds Wierd Cave In Scottsdale, Enters And Drops To His KneesInteresticleUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndo Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Show Comments ▼ A body that represents nearly 100,000 UK businesses has called for work experience for under-16s to be made mandatory. Survey results published today by the British Chambers of Commerce (BCC) show 82 per cent of business bosses and 73 per cent of education leaders believe pupils should be offered work experience.center_img Wednesday 14 October 2015 12:00 am Share whatsapp whatsapp “Business and school leaders are clear: we won’t bridge the gap between the world of education and the world of work unless young people spend time in workplaces while still at school,” said BCC director general John Longworth.“It was careless of Government to end compulsory work experience in 2012, but it is not too late to correct the mistake.”Work experience was seen by employers as a more important contributor to workplace skills than paid part-time work and volunteering, the survey found. The BCC also found 12 per cent of large firms offer no work experience placements at all compared with 29 per cent of small firms. last_img read more

State closes all Slingshot rides after broken cable incident with teens

first_imgSlingshot ride reopens after cable break incident with two teens April 1, 2021 Advertisement RELATEDTOPICS AdvertisementAll Slingshot rides in the state will remain closed until FDACS consults with the manufacturer and until the bureau conducts its own subsequent investigation, officials said. KISSIMMEE, Fla. – Two teens were left hanging for hours on Thursday after a cable failed on a Slingshot ride at Old Town Amusement Park in Kissimmee.All Slingshot rides in Florida have been shut down as a precaution while the manufacturers conduct an investigation, according to the Florida Department of Agriculture [FDACS]. The other rides are located in Daytona Beach, Orlando and Panama City Beach. Fire crews were able to rescue the teens, who were suspended 30 to 40 feet in the air, Osceola County Fire Rescue and EMS reported. Thankfully, no one was injured, crews said. The Kissimmee ride was last inspected on March 19, 2021, and no issues were found, FDACS reported. Park management reported that a cable failed, while a redundant safety cable remained intact. The ride was originally permitted in 2001. $60k worth of animals stolen from Florida pet store November 3, 2020 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement Kissimmee deputy under investigation after body slamming student January 28, 2021 AdvertisementTags: Kissimmeelast_img read more

Basel Committee curbs bank capital discretion for supervisors

first_img Facebook LinkedIn Twitter Related news James Langton As a result, regulators have decided to eliminate certain national discretions, including the treatment of past due loans, the definition of retail exposures, and credit rating standards for wholesale exposures. The committee notes that it will continue to monitor the issue of national discretion in other areas, and that it will consider removing other elements of discretion from the framework. Bitcoin should face tough capital rules, Basel Committee says Global banking regulators are reducing the discretion that national regulators have in applying certain aspects of the Basel capital adequacy rules. The Basel Committee on Banking Supervision has decided to reduce the latitude that national regulators have to adapt the Basel capital framework. While the global capital rules allow for discretion to reflect differences in local financial systems, the committee notes that this can also impair comparability across jurisdictions, and increase variability in the calculation of risk-weighted assets. center_img Translating climate risks into financial risks takes work Keywords Basel Capital AccordCompanies Basel Committee on Banking Supervision Share this article and your comments with peers on social media How should banks allocate capital for crypto?last_img read more

World Bank to Introduce Contractor Disqualification to Strengthen Prevention of Gender-Based Violence

first_imgWorld Bank to Introduce Contractor Disqualification to Strengthen Prevention of Gender-Based Violence Gender-based Violence (GBV) is an urgent global issue that affects 1 in 3 women in their lifetime. GBV devastates the life and well-being of its survivors and imposes high social and economic costs that undermine development and exacerbate poverty. The Bank is committed to fighting gender-based violence in all its forms and has zero tolerance for its occurrence in Bank-financed projects.The World Bank is now the first multilateral development bank to disqualify contractors for failing to comply with GBV-related obligations. These contractors will not receive Bank-financed contracts anywhere in the world for two years. After this period, the contractors will have to demonstrate their capacity to meet the Bank’s requirements for preventing GBV before receiving a new Bank-financed contract.“Gender-based violence is unacceptable,” said World Bank Group President David Malpass. “We are committed to mitigating and preventing risks of GBV in the projects we finance through robust policies, standards, and practices. Contractors who do not meet the bar will be disqualified.”The disqualification builds on a tested, credible and independent contractual mechanism embedded in good industry practices and in the Bank’s Standard Procurement Documents for Large Works. It emphasizes prevention through continuous independent monitoring of compliance with GBV-related obligations throughout contract implementation. It will apply to large works contracts procured after January 1, 2021, under infrastructure projects rated high risk for GBV. The design of the disqualification mechanism benefitted from an extended global engagement with key stakeholders including government counterparts, development partners, contractors and contractors’ associations, and national and international CSOs.Financing a large portfolio of infrastructure contracts, the World Bank expects that the new disqualification mechanism will further raise the bar for preventing GBV and incentivize well-performing contractors. We hope other MDBs will follow us in deepening our collective fight against GBV by adopting similar concrete measures.Website: Strengthening Prevention of Gender-Based Violence (GBV): Contractor Accountability and Disqualification /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:bank, finance, Government, industry, infrastructure, meet, President, prevention, violence, website, world, World Banklast_img read more

Gladys Berejiklian statement on passing of Prince Philip, Duke of Edinburgh

first_imgGladys Berejiklian statement on passing of Prince Philip, Duke of Edinburgh The PremierOn behalf of the people of NSW, I extend my deepest sympathies to The Queen and all members of the Royal Family, following the death of His Royal Highness Prince Philip, Duke of Edinburgh.The Duke of Edinburgh had a strong and lengthy relationship with NSW, visiting our state many times during his life.While we mourn his passing at the age of 99, it is the occasion to offer thanks for a very long and dedicated life of service. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Berejiklian, death, Family, Gladys, Gladys Berejiklian, Government, New South Wales, NSW, prince, Queenlast_img read more

IIHS turning its attention to truck guard rails

first_img “It’s important to recognize that all crashes are tragedies, but we also need to recognize that these guards are collision mitigation – and not collision avoidance – equipment and ATA’s primary safety goal is to prevent crashes,” McNally said. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSNewsAccidents and DisastersAirflow Deflector Inc.American Trucking AssociationsAutomotive SafetyAutomotive TechnologyDavid ZubyFreight TransportationIndustrials SectorIndustriesInsurance Institute for Highway SafetyQuebecScience and TechnologySean McNallyTechnologyTraffic AccidentsTransportation and Logistics SectorTruck TransportationUnited States advertisement Created with Raphaël 2.1.2Created with Raphaël 2.1.2 The U.S. IIHS says guard rails on trucks can prevent this from happening; we’re inclined to agree ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca See More Videos Trending Videos Trending in Canada Tractor-trailers with side guard rails mounted between their tires are less likely to be involved in fatal crashes, the U.S. Insurance Institute for Highway Safety (IIHS) says.But the trucking industry says technology that prevents crashes in the first place is a better use of resources. Federal law requires big trucks to have rear underride guards, which stop cars from travelling underneath the truck in a collision. However, the government doesn’t require side guards.The Insurance Institute for Highway Safety says side guards could prevent hundreds of traffic deaths per year in the U.S. alone. In 2015, 301 passenger vehicle occupants were killed when the cars they were riding in struck the side of a trailer. COMMENTSSHARE YOUR THOUGHTS Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” The institute tested AngelWing, a steel rail covered with fiberglass that was mounted on a 53-foot trailer. The system is made by Quebec-based Airflow Deflector Inc. When a midsize car going 35 miles per hour hit the guard rail, the front crumpled but the car’s air bags and seat belt protected the test dummy inside. In a test with no guard rails, the crash sheared off the car’s roof and the car came to rest under the trailer. The institute said that crash likely would have been fatal in real life.“We think a mandate for side underride guards on large trucks has merit, especially as crash deaths continue to rise on our roads,” said David Zuby, the institute’s executive vice-president and chief research officer.The American Trucking Associations said the industry hasn’t come to an agreement on guard rails because they require trade-offs, including added weight. Side guard rails require stiffer trailers that can develop cracks in their frames, which presents another safety risk, ATA spokesman Sean McNally said.McNally said the trucking industry wants to avoid crashes in the first place, and is supporting efforts to deploy safety technology like automatic emergency braking and forward collision warning systems. Electronic logging devices, which track truckers’ driving and will be required by the end of this year, will also help to prevent crashes, he said. last_img read more