Man Survives Bear Attack By Grabbing Its Tongue

A man who survived a bear attack was in no mood to let the bear talk its way out of the situation.
Gilles Cyr of New Brunswick, Canada said a black bear came charging out of the woods towards him, CBC reported.
Cyr was on his woodlot in Grands Falls when the bear attacked.
In a moment of furry, Cyr’s instinct took over, and he grabbed the bear’s tongue.

“When I opened up my eyes it was on top of me – with the friggin’ noise, it’s crazy the way it growls,” Cyr said. “Right from the stomach. It’s not from the mouth, it’s just inside. His mouth was wide open right in front of my face so the last thing I remember I had his tongue in my hand and I didn’t want to let go because he was trying to fight me off. So he was hitting me with his claws, so I said, ‘If you’re going to hurt me, I’m going to hurt you too.’ So he was biting his tongue at the same time,” said Cyr.
Cyr suffered minor injuries, including scratches on his stomach and a bite mark on his knee. The man escaped behind a tree and the bear eventually lost interest and walked away, according to Canada.com.
The survivor also got permission from a warden to track down the animal and kill it. Ontario’s black bear population has grown from 12,000 to 17,000 in eight years, due in part to a drop in hunting the population.
Though black bears aren’t normally aggressive, encountering an aggressive bear can be incredibly dangerous. In August, 12-year-old Michigan girl Abigail Wetherell successfully fought off a black bear that began to maul her. Abigail eventually played dead and the bear lost interest

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Power Supply Needs $8bn/year

FBN Capital Limited has declared that Nigerian banks cannot fund the $8 billion yearly power needs alone and thus called for the support of institutional and foreign investors to fund the huge resources needed to drive various ongoing infrastructure projects, for the next 10 years.
Speaking at the 1st FBN Capital Project and Infrastructure Finance Conference which held in Lagos, Director and Head, Project and Structured Finance, FBN Capital Limited Patrick Mgbenwelu noted that specifically considering the nation’s power projects alone, about $8- $12 billion would be needed yearly for the next 10 years, to meet up with the large deficit of power demand and supply in the nation, which the banks alone would not be able to fund.
“This funding cannot come from the banks alone” he said. “There is the need for institutional investors and foreign investment to bridge the funding gap” he noted, adding that Greenfield IPPs will emerge to bridge the energy gap, while Government’s Private Public Partnership, PPP commitment will fuel various infrastructure projects such as rails, roads, bridges, and airports among others.
Participants at the event were unanimous in the position that although Nigeria’s vast natural resources and growing power and infrastructure demands has rightly garnered substantial interest from lenders and developers from across the globe, there remain challenges in ensuring the country’s huge potential is realised.

Mgbenwelu said multi-billion dollar government projects will require private sector involvement, therefore creating the need for Special Purpose Vehicles (SPVs) as obligator financial vehicles.
Highlighting the importance of infrastructure finance, he said investors can choose to approach finance institutions and seek funds either as a corporate entity or directly through the projects, (Corporate Finance route or Project Finance).
According to him, project finance as an option for accessing funds is an avenue for managing risk, instead of bearing them directly as a corporate organisation.
“Additional expansion funding can be raised with ease, subject to the project achieving steady state,” he said

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