Ageas global performance hit as UK operations swing into the red

The government is considering changing the Ogden rate – the amount by which insurers discount expected future payouts on personal injury and fatal accident policies.The rate has been at 2.5 per cent since 2001 and given the current lower for longer interest rate environment there have been calls to reduce the rate, a move that could cost insurers hundreds of millions of pounds by increasing the amount that needs to be allocated to cover future losses.Read more: Ageas UK improves combined ratio despite declining profitsIn November, Ageas revealed plans to close its Kwik Fit insurance services operations in Scotland. The move was confirmed last month with 521 jobs set to be lost.Shares in Ageas, which is Belgium’s largest insurer and listed on the Brussels stock exchange, fell nearly five per cent following the results announcement. Read more: RSA shares rise at the open as it disposes of £834m “book of nasties”Exceptional charges in the UK totalled €113m: the previously announced closure of its Glasgow office cost €27m, “exceptional underwriting losses” costing €25m and €55m of losses booked on the anticipation of changes to the Ogden discount rate.Ogden changes UK operations swung from black to red, posting a €56m loss in 2016, compared with a €30m profit 12 months before.“2016 has been an eventful year for Ageas,” said chief executive Bart De Smet. He added: Insurance giant Ageas today revealed profits had tumbled over the last year with losses spiralling in the UK while the firm works through a painful restructuring and prepares for regulatory changes.The net result of the Belgium-headquartered group plummeted to €127m (£108m), down from €770m.  Wednesday 15 February 2017 1:24 pm Ageas global performance hit as UK operations swing into the red whatsapp With the exception of the UK, [Ageas has] achieved very good results. In the UK a number of exceptional events forced the group to take significant one-off charges for restructuring and reserve strengthening partly in anticipation of changing regulations. Share whatsapp Oliver Gill More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKansas coach fired for using N-word toward Black playerthegrio.comPuffer fish snaps a selfie with lucky divernypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes read more

Before the Bell: Europe set for a higher open after bitcoin tests $50k

first_imgSince the end of October, the Russell has seen gains of over 40 per cent, Hewson pointed out, on expectations of an economic rebound, fuelled by an additional $1.9 trillion US stimulus plan, on top of the $900bn that was approved in late December. The FTSE100, which has underperformed in recent weeks, also finished higher for the second week in succession, though it still remains well below its January peaks, unlike its peers elsewhere, as markets shrugged off Friday’s UK GDP data which showed that annual economic output saw its biggest decline since 1709, Hewson said. Bitcoin continued to make new record highs over the weekend, edging close to the $50k level after last week’s surprise revelation that Tesla had taken the decision to plough $1.5bn into the cryptocurrency with a view to making it a means of payment. Monday 15 February 2021 7:00 am “This raises the much-discussed prospect that we could well see an explosion of pent-up demand, as consumers ramp up their spending in a form of post lockdown boom, which could see up to £150bn unleashed of excess savings over the next few months, with a similarly robust rebound predicted in the US as well, as new stimulus payments trickle down into the US economy,” he continued. Michiel Willems A strong Friday session saw European markets close a fairly lacklustre week very much on the front foot, and ensured a second week of gains. US markets also continued their run of record highs, led by the Russell 2000, all setting new record closes, with the US small cap index, very much leading the outperformance. “The admission by Mastercard that it might allow its cardholders to transact in some cryptocurrencies has added to the frenzy, along with reports that Morgan Stanley Investment management might be looking at it as a possible investment asset. It would appear that the move higher in bitcoin is becoming the latest FOMO trade,” Hewson told City A.M. this morning. Caught in two minds “Fed Chairman Jay Powell reiterated this very message in the strongest possible terms last week, saying that any inflationary spike was likely to be temporary in nature, with the real risk we could see a slip back towards deflation if the labour market recovery is slow,” Hewson concluded. Getty Images Also Read: Before the Bell: Europe set for a higher open after bitcoin tests $50k Despite some widespread scepticism about the wisdom of such a move it would appear that last week’s move has prompted a sea-change in attitudes with more and more investors unwilling to stay on the sidelines, lest they miss out, commented Michael Hewson, chief market analyst at CMC Markets UK. This morning the Nikkei225 marked a new milestone, nudging above the 30,000 level for the first time since 1990, in this Asia trading, with a number of markets still closed for lunar new year. Japan’s economy recorded a 12.4 per cent annualised rebound in Q4, a decline from the 22.7 per cent rebound seen in Q3. Getty Images “While the 1709 headline grabbed all of the attention it rather distracted from the fact that the UK economy appears to have avoided a double-dip recession, and more importantly, from an economic point of view, the UK’s vaccine rollout program is much further advanced than everyone else’s in Europe as the government, over the weekend, met its target of 15m people getting their first jab by 15 February,” he added. Getty Images Also Read: Before the Bell: Europe set for a higher open after bitcoin tests $50k Show Comments ▼ Hewson observed that, over the course of the past few days, markets appear to be giving the impression of being caught in two minds between the risks surrounding a sharp rise in inflationary risks, reflected in a rise in higher long-term rates, in global bond markets, when set against increasing optimism around a summer easing of restrictions alongside a successful vaccine rollout plan. Before the Bell: Europe set for a higher open after bitcoin tests $50k whatsapp With US markets closed today, and the Nikkei225 setting a new milestone over 30k, European markets look set for a similarly positive start to the week, with the main focus likely to be on this weeks Fed minutes, which are due on Wednesday, and the latest UK inflation, retail sales and public finances data for January at the end of the week. Getty Images Also Read: Before the Bell: Europe set for a higher open after bitcoin tests $50k Lacklustre week US 10-year yields closed at their highest level since February last year at 1.21 per cent at the end of last week, while the spread between 10 year and 2-year yields rose to its widest level in four years, despite a raft of Fed speakers insisting that they are set to remain on hold until there is sufficient evidence that the US economy is back near full employment. Share whatsapp Assuming “everything else goes according to plan” this opens up the prospect that the UK could see a slow easing of restrictions sooner rather than later, with the next update on measures, due a week today, Hewson noted. Tags: Bitcoin and blockchain UK tradelast_img read more

Metlakatla, which depends on water, has moved quickly to accommodate the realities of drought

first_imgAlaska Native Government & Policy | Alaska’s Energy Desk | Climate Change | Community | Environment | Local Government | Science & Tech | Southeast | WeatherMetlakatla, which depends on water, has moved quickly to accommodate the realities of droughtNovember 21, 2019 by Elizabeth Jenkins, Alaska’s Energy Desk – Juneau Share:When you think of extremely dry conditions, California wildfires probably come to mind. But drought looks very different in a temperate rainforest.Southeast Alaska has gotten enough precipitation in the last few years to flood some parts of the country. But it’s not nearly enough to sustain a way of life dependent on rain.In an average year, Metlakatla receives around 110 inches of precipitation. That’s down significantly to 80 or 90 inches a year. Over the summer, when Alaska’s temperatures broke records across the state, Metlakatla was classified as having an extreme drought. More recent fall rains have eased conditions to moderate.Still, the overall lack of rain means the community is having to navigate a different relationship with water. Parts of Southeast Alaska are still grappling with the effects of the most significant drought in a wet season in over 40 years.Audio Player Up/Down Arrow keys to increase or decrease volume.(Map by Hannah Lies/Alaska Public Media)Warmer, wetter conditions are expected in the future. But climate scientists caution: It’s potentially a future with more big swings.Metlakatla is one of Alaska’s southernmost communities, on the Annette Island Reserve just a short ferry ride from Ketchikan. There’s a common saying: Metlakatla has some of the best-tasting drinking water in the world. In fact, a water bottling company briefly opened up here.Gavin Hudson, who serves on the Metlakatla Indian Community Tribal Council, said having an abundance of water is an important part of the culture.“The Tsimshian have always been people of the water,” Hudson said. “People of the salmon.”Hudson said locals have been noting dry conditions — and the changes they’ve brought — for a while: low salmon returns in streams typically fed and cooled by rain. The blueberry bushes haven’t been as plump or abundant.And a big difference: Grownups haven’t been able to fall back on a familiar summer joke they would say with a wink.“The usual thing that you’d hear is, ‘Mom or Dad, can I go swimming on the beach?’ And the usual response, ‘Is there still snow in the mountain?’”The catch, he said: There used to almost always be snow on top of the mountain all the way through July.“Now we don’t say that,” Hudson said. “Because even if we get some snow, it’s not deep. It’s just a light dusting … that’s unusual.”The view from Yellow Hill overlooking Metlakatla. (Still from video by Joey Mendolia/Alaska Public Media)The meaning of droughtDrought isn’t defined by less rain. It’s defined by less precipitation. Snowmelt helps feed Metlakatla’s lakes. It’s like money in the bank. But recently, there’s been more climate variability. Less snow and rain.Gavin Hudson, member of the Metlakatla Indian Community Tribal Council. (Still from video by Joey Mendolia/Alaska Public Media)Hudson said all this has been making the community feel uneasy.“I think most of our people who just want to provide for their families … I think those folks have just another thing to worry about,” Hudson said. “High light bills. Oceans that are changing. Forests that are changing.”The high light bills are because Metlakatla is primarily powered by hydropower, but drought has taken a toll on that, too.Carl Gaube has worked at Metlakatla Power and Light for more than 30 years.Generating enough hydroelectricity for a town of 1,500 residents is a big part of his daily life. So much, he sometimes answers to a different name.“Mr. Power. I have friends out there that call me that when we play basketball,” Gaube said. “’You’re a powerhouse.’”But Gaube has seen a combination of events unfold that has made providing enough power to his community extremely difficult. With water in short supply, Metlakatla has had to run on diesel, which can make it expensive to turn on the lights.He said a few decades ago, times were different. Businesses like a local sawmill paid a premium to tap into the microgrid. In years with low precipitation, that helped the electric company buy enough diesel to burn to keep the lights on.But the sawmill has long since closed. A local fish packing plant recently shut its doors, too. And in the last few years, the Metlakatla Indian Community is having to figure out how to adjust to a new identity: An island surrounded by water and in the middle of a severe drought.“I just pray that it never happens like this again,” Gaube said.Carl Gaube helped install this diesel generator, which is more than 30 years old. It helped power Metlakatla after a newer generator broke. (Still from video by Joey Mendolia/Alaska Public Media)Can we call it that?Genelle Winter noticed a dramatic shift after hiking up a mountain to scope out Metlakatla’s main reservoirs.“When you could see all three of those dams and you could literally walk across that channel … you’re like, this is not a normal condition,” Winter said. “And you probably should never be able to do that.”Genelle Winter, climate and energy grant coordinator in Metlakatla. (Still from video by Joey Mendolia/Alaska Public Media)You shouldn’t be able to do that, she said, because you would be completely soaked.Winter’s work previously focused on invasive species. But around 2015, her job title changed. She became Metlakatla’s climate and energy grant coordinator.She said at first, she struggled with how to describe the unusually dry conditions. It just felt “wrong that you could be in a temperate rainforest and be in a drought.”Still, Winter said she knew the community needed to scale back its energy use to build its reservoirs back up.For a time, that’s meant burning diesel for the traditionally hydro community. Metlakatla received funding from the Bureau of Indian Affairs for a one-time purchase of bulk fuel, which can be as high as $4 a gallon.Winter said that’s been a big help restoring the levels of the lakes.And a phone call from the National Weather Service last year finally gave her a way to put the experience into words.They told her yes, you are officially in a severe drought, and so are other communities in Southeast Alaska.“Really helped us to define and really take more ownership of what was going on,” Winter said. “This was something we needed to learn how to deal with now, so that when we met the challenge again in the future, we’d already know how to do it.”Spillover from one of the main reservoirs. (Still from video by Joey Mendolia/Alaska Public Media)Changing to adaptBut the Metlakatla Indian Community has already taken steps to prepare. Winter has taught students about the drought, even when no one was calling it that. She’s talked to elementary and middle school classes.And Metlakatla has cut its water use in half since 2016. In part, because the fish packing plant didn’t reopen last summer. Winter also credits the local conservation efforts.“Trying to teach grown people to change behaviors is really, really hard,” Winter said. “But getting kids excited about changing behaviors is much easier. And if you can get them passionate about it, then they take that message home.”But the community isn’t out of the woods yet. One of its newest diesel generators broke last year, resulting in an emergency declaration.If another extremely dry spell comes along, the town will be powered by a generator that’s over 30 years old.As for today, though, the community is back on hydro.On a final stop, Winter points to a landmark waterfall cascading down the mountain. It’s likely spillover from one of the main reservoirs. During the worst parts of the drought, this waterfall was dry.The flow should be a happy sight. But Winter said it’s more complicated than that.“I used to just see it as this beautiful thing. And now, wish we could capture that water somehow,” Winter said.This system, constructed with the understanding there would always be enough water, was built for a different time.This story was supported by a grant from the Robert Wood Johnson Foundation.Rains erase last of ‘severe drought’ in Southeast as conditions improve statewideShare this story:last_img read more

Hands-free robotic hands making waves

first_img whatsapp New waves in technology come and go, but here’s one that will surely last the test of time: a smartphone dock equipped with a pair of robotic arms. “Indi”, the brainchild of MBA student Billy Wood, will wave its robotic arms to gain your attention when you have a call. It can also be set to perform different types of waves for different callers – handy when you’ve been waiting for that all-important work call.   “It’s an idea that’s been running around in my head for a while from working in offices where you aren’t expected to have your phone on, leading me to miss the odd call as the vibrate mode,” said Wood. “This is my solution to that problem. A phone dock with a set of arms to signal the user when a call comes in. Something more likely to catch your attention while not alerting the whole office to its presence.” He claims. To be fair, stranger things have been funded on Kickstarter, but whether potential backers can keep their hands off this one remains to be seen. The project’s crowdfunding campaign has raised five percent of its £2,500 goal. Fancy it? There are only 26 days before it closes… Show Comments ▼ whatsapp Hands-free robotic hands making waves Jeff Misenti center_img Monday 12 January 2015 10:22 am Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Tags: Artificial intelligence (AI) and robotslast_img read more

President Says South Stands Ready to Talk

first_img By Kim Tae Hong – 2011.03.02 3:51pm There are signs that North Korea is running into serious difficulties with its corn harvest AvatarKim Tae Hong North Korea tries to accelerate building of walls and fences along border with China News As expected, President Lee Myung Bak used yesterday’s March 1st Independence Movement Day speech to reaffirm that South Korea is ready and waiting to talk to North Korea, saying, “We are prepared to hold a dialogue with North Korea at any time and with an open heart.”“This very moment is the best time to open up a new future for the Korean Peninsula,” he added.President Lee went on, “North Korea must immediately take the road of reconciliation and cooperation, through dialogue instead of nuclear weapons and missiles, and by acting to take responsibility for its armed provocations.”Calling to mind the reason for yesterday’s national holiday, nationwide protests against Japanese rule that began in Seoul on March 1st, 1919, President Lee went on, “Peaceful reunification means completing the national independence and self-respect which our forefathers sincerely longed for 92 years ago.”“Becoming one nation and becoming a reunified Korean Peninsula are of course at the core of Northeast Asian peace but also of global peace, and can become a new intersection of prosperity connecting continents and oceans, east and west, south and north.”“Living well together, a warm society, a strong country, a first-class developed country; these are our dreams,” he concluded.President Lee’s words on North Korea appeared strikingly similar to those he offered during this year’s New Year’s speech, emphasizing once again that if North Korea comes to the negotiating table with sincerity then it will be immediately possible to restart North-South dialogue. Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHAREcenter_img RELATED ARTICLESMORE FROM AUTHOR News News Facebook Twitter President Says South Stands Ready to Talk News last_img read more

BMO launches new target education portfolios for RESPs

first_img Student debt contributing more to bankruptcies Each portfolio — consisting of mutual funds and/or Exchange Traded Funds (ETFs) — gradually shifts its asset mix from an emphasis on equities to an emphasis on fixed income as it approaches its target end date, thereby preserving capital for when it is needed. According to a study by BMO Global Asset Management, 86 per cent of parents in Canada want easy-to-understand investments that align with the date that their child plans to start post-secondary education. “With these new solutions, we’re taking some of the guesswork out of investing so that Canadian parents can rest assured that the investments they’re earmarking for their child’s post-secondary education are on the right track,” said Robert Armstrong, vice president and head of managed solutions, BMO Global Asset Management. “These new portfolios are low in cost and combine our market-leading mutual funds and ETFs, making them an ideal addition to an RESP.” The study also found that more than three quarters (79 per cent) of Canadian parents wish there was more information or education about the benefits of RESPs and saving for post-secondary education. To help address this, Employment and Social Development Canada has introduced Education Savings Week (Nov. 16-22), which aims to increase awareness around the importance of education savings, the benefits of RESPs and the availability of government incentives. Survey results cited in this report are from a Pollara survey commissioned by BMO Global Asset Management using interviews with an online sample of 1,000 Canadian parents with children under the age of 18, conducted between Aug. 5-8. The margin of error for a probability sample of 1,000 plus or minus 3.1%, 19 times out of 20. Facebook LinkedIn Twitter Related news BMO Investments Inc. Monday introduced BMO Target Education Portfolios, a series of managed investment solutions specifically designed for education savings and Registered Education Savings Plans (RESPs). The five new portfolios have investing time horizons ranging from Income (for people who are close to or already drawing down their savings) to dates from 2020 to 2035. They are managed based on the child’s year of birth and expected date to attend post-secondary education. Share this article and your comments with peers on social media Knowledge First acquires Heritage to boost RESP offerings Keywords RESPsCompanies BMO Investments Inc., BMO Asset Management Knowledge First to wind down Impression Plan RESP Alan Husdal last_img read more

Canada Invests $1.2 million in Jewish Community Foundation of Montréal to Support City Arts Organizations

first_imgCanada Invests $1.2 million in Jewish Community Foundation of Montréal to Support City Arts Organizations From: Canadian HeritageThe Government of Canada supports four professional arts organizations through the Jewish Community Foundation of MontréalArts and culture help communities flourish. Our government believes it is essential to continue supporting the Canadian cultural community, which is facing huge challenges amid the COVID-19 pandemic.Anthony Housefather, Parliamentary Secretary to the Minister of Labour, and Member of Parliament (Mount Royal), announced today a matching grant worth more than $1.2 million for the Jewish Community Foundation of Montréal to support four professional arts organizations: Ensemble Caprice ($177,149), Voix éternelles/Vox Aeterna ($18,242), Orchestre Métropolitain ($381,977) and the Segal Centre for Performing Arts ($664,309). He made the announcement on behalf of the Honourable Steven Guilbeault, Minister of Canadian Heritage.The matching funds, from the Endowment Incentives component of the Canada Cultural Investment Fund, aims to encourage Canadians to contribute to endowment funds for professional arts organizations so they can:· Access new sources of funding in the future;· Strengthen their ability to realize their artistic expression; and;· Help make the arts community more resilient.Annual revenues generated by this endowment fund provide diversified revenue streams that allow professional organizations to fulfil their artistic mission by using the income for ongoing activities or special projects.Today’s announcement is an example of the Government of Canada’s concrete measures to support the arts.Encouragingly, nearly 130 organizations applied to the Endowment Incentives component of the Canada Cultural Investment Fund this year. The particularly high overall demand demonstrates that private donors continue to support professional arts organizations across the country.Quotes“Our government is proud to support local professional arts organizations through the Jewish Community Foundation of Montréal. Ensemble Caprice, Voix éternelles/Vox Aeterna, Orchestre Métropolitain and the Segal Centre for Performing Arts have a special connection with audiences as they showcase our homegrown arts. They also enrich the cultural life of the community and help strengthen the economy.”– The Honourable Steven Guilbeault, Minister of Canadian Heritage“I am thrilled that the Government of Canada is continuing to support four outstanding professional arts organizations that serve the residents of the Mount Royal riding and across the Montreal region. These organizations and the entire cultural community have had a difficult year but will soon come roaring back full steam and this funding will assist them to do so.”– Anthony Housefather, Parliamentary Secretary to the Minister of Labour, and Member of Parliament (Mount Royal)“We are grateful to our donors and the Government of Canada, who together are helping build endowment funds in support of arts and culture in Quebec. These funds enable organizations to become more sustainable, thus allowing for rich artistic programming in perpetuity. We are proud to steward these funds and promote philanthropy.”– Kathy Rachel Assayag, Executive Director, Jewish Community Foundation of MontréalQuick factsIn 2020‒2021, the Government of Canada granted 66.4 cents for every dollar raised through private sector donations under the Endowment Incentives component.Applications to the Endowment Incentives component must be submitted jointly by a non-profit professional arts organization and an associated foundation. The matching funds combined with the equivalent amount from private donors are secured as part of the foundation’s assets in perpetuity. The foundation is the recipient of the matching funds, and the arts organization is the ultimate beneficiary of the income generated by the investment.Since its inception in 2001, the Endowment Incentives component has provided $307 million in matching funds, leveraging $416 million from the private sector. This represents a total of $723 million invested in 101 public charitable foundations to improve the long-term financial health of 276 Canadian professional arts organizations.To date, the Jewish Community Foundation of Montréal has received $15.5 million in matching funds through the Endowment Incentives component, leveraging $20 million in private sector donations raised for the endowment fund supporting the five professional arts organizations. These organizations have received a total of $35.5 million from the Government of Canada and the private sector.The Jewish Community Foundation of Montréal is a charitable organization dedicated to the well-being of the Greater Montréal community. It creates and carefully manages permanent endowment funds and distributes the revenues to support community projects in various sectors including health, social services, arts and culture, education and the environment. /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:Canada, community, covid-19, culture, director, education, environment, Government, Investment, Minister, pandemic, parliament, philanthropy, Secretary, social services, sustainablelast_img read more

Shaw Praises IDB’s Regional Activities

first_imgRelatedShaw Praises IDB’s Regional Activities FacebookTwitterWhatsAppEmail KINGSTON – Jamaica’s Minister of Finance and the Public Service, the Hon Audley Shaw, says the Caribbean remains committed to being a vibrant partner in the Inter-American Development Bank’s (IDB) ‘Decade of Latin America and the Caribbean (2010-2019)’. Mr. Shaw, who was speaking on behalf of the English-speaking Caribbean, at the 52nd Annual IDB Board of Governors’ Meeting’s 2nd Plenary Session in Calgary, Canada on Monday March 28, reiterated a call made last year on the IMF and the World Bank Group that the Caribbean, and the multilaterals should move from a partnership for stability to a partnership for growth. The minister’s remarks were made against the background of the Caribbean continuing to trail its Latin American neighbours’ economic performance, both in terms of growth rates and capital inflows. He attributed this to “high levels of public debt” which allow little space for fiscal stimulus. Mr. Shaw expressed gratitude to IDB affiliates – the Inter-American Investment Corporation (IIC) and the Multilateral Investment Fund (MIF) – for their increased activity in the region. He also cited the launch of FINPYME technical assistance and export programmes in Jamaica, Guyana, Barbados and the Bahamas. FINPYME is an IDB diagnostic methodology, used to assist small and medium-sized enterprises to become more competitive and improve their access to financing. He commended the IDB for securing the largest expansion of resources in its history, and for mounting its biggest ever counter cyclical effort, in response to the global economic crisis. In 2010, the Bank processed a record US$12.6 billion in loan approvals, and US$10.8 billion in disbursements to Latin American and Caribbean countries. The Caribbean received a record disbursement of US$914 million, with Jamaica receiving the lion’s share of US$630 million. The IDB is the largest source of development financing for Latin American and Caribbean government agencies and state corporations. Among the most important news for the region coming out of Monday’s final meeting day, was that the IDB and the Export-Import Bank of China (China Eximbank) signed a letter of intent to establish an infrastructure investment mechanism, to finance public and private sector projects in the IDB borrowing member countries. The two institutions also signed a Memorandum of Understanding (MOU) that marks an important first step to set up an investment fund, to forge sustainable economic partnerships between China, Latin America and the Caribbean, by investing in key sectors of interest to both regions. China Eximbank Executive Vice President, Liu Liange, and IDB President, Luis Alberto Moreno, signed both agreements Monday at a ceremony that took place during the meeting.                   RelatedShaw Praises IDB’s Regional Activities By BALFORD HENRY, JIS Editor & Reporter Shaw Praises IDB’s Regional Activities Finance & Public ServiceMarch 29, 2011 Advertisements RelatedShaw Praises IDB’s Regional Activitieslast_img read more

Community Based Tourism Policy Being Drafted

first_imgRelatedCommunity Based Tourism Policy Being Drafted RelatedCommunity Based Tourism Policy Being Drafted Community Based Tourism Policy Being Drafted CommunityOctober 31, 2012 Advertisementscenter_img FacebookTwitterWhatsAppEmail Tourism and Entertainment Minister, Hon. Dr. Wykeham McNeill, says the Ministry is currently in the final stages of drafting a community based tourism policy for presentation to Cabinet. The Minister was speaking at the official press launch of the St. Elizabeth Homecoming Foundation’s 20th annual Homecoming Week celebrations, at the Medallion Hall Hotel in Kingston, on October 30. Dr. McNeill pointed out that community tourism “is an aspect of the product (that) the Ministry is working at diversifying.” He said the South Coast is one of Jamaica’s designated tourism resort areas, with St. Elizabeth holding pride of place. “The promotion of community tourism in St. Elizabeth, I believe, has positioned the parish quite strategically to the traveller who wants that intimate interaction with the authentic Jamaican experience,” the Minister said. Dr. McNeill pointed out that one of the primary reasons that the annual home-coming event is so highly anticipated is because it provides the ideal opportunity for parishioners from near and far, to get together and enjoy what the parish has to offer. “It is therefore not surprising to know that the St. Elizabeth Homecoming Foundation has really strong links with the Diaspora.  And this is important for our nation as we position Jamaica for sustainable growth. We need the input, creativity, and commitment of every Jamaican to achieve our goals,” he said. He encouraged support for the Foundation’s week of activities, noting that “as we celebrate our 50th anniversary, and the twentieth staging of the St. Elizabeth Homecoming Celebrations, I encourage all Jamaicans, both here and abroad, from whatever parish you may hail, to come out and enjoy the festivities, the food, the attractions and the camaraderie of community life.” Acting Chairman of the St. Elizabeth Homecoming Foundation, Kenry Jackson, noted that the Foundation has accomplished much over the last 20 years in terms of education, bringing investment to the parish, honouring the sons and daughters who have accomplished in their chosen fields and generally bringing focus to the parish. He said that this year’s celebrations will focus on the students of the parish with a ‘Students’ Empowerment Week Programme’, where over 100 outstanding St. Elizabethans are scheduled to visit schools and share their personal experiences with students and teachers on topics such as the importance of acquiring a good education; discipline and respect for each other; career possibilities; the role of law and order in the creation of an orderly society and conflict resolution. “This programme is designed to enhance students’ values and attitudes and help them to make wise career choices and to let them know that the country’s leadership will be in their hands in a short time,” Mr. Jackson said. Other activities will include a Students’ Career Day Expo at Munro College, in collaboration with the University of the West Indies on November 16; the St. Elizabeth Parish Council Awards 50 Celebrations on November 24, where 50 outstanding parishioners will be awarded, in honour of Jamaica 50; a thanksgiving service at the St. Mark’s Anglican Church, Southfield on November 25; The Best of St. Bess Golden Awards Banquet at the Pegasus Hotel, November 27; and several community concerts in Balaclava, New Market Square, Black River and Southfield. There will also be a community day in Junction. Member of Parliament for North East St. Elizabeth, Raymond Pryce, brought greetings on behalf of his colleague MPs. Mr. Pryce spoke of efforts to have a public health and education campaign in his constituency to address the current dengue outbreak and threat from water borne diseases, and asked the Foundation for its support. RelatedCommunity Based Tourism Policy Being Draftedlast_img read more

Garda station closure top of agenda at Glencolmcille parish council meeting

first_img Publicans in Republic watching closely as North reopens further Google+ By News Highland – November 12, 2011 A new Parish Council for the Glen area of Glencolmcille parish had its first meeting this week.The ection was held the same day as the Presidential and everyone on the electoral register was invited to cast their vote. The committee is in situ for a three year period and works in tandem with other development committees in the parish and with the Lár Comhairle.The main item for discussion at the first meeting was the threatened closure of the local Garda stations. It was felt that it was unfair to have both stations in the parish under consideration for closure and that this would be a strong blow to the region.The area has had a number of incidents recently including missing individuals where the local knowledge of the Gardaí was invaluable.Front from left: Francis J Cunningham, (assistant treasurer); Mary P. Byrne, Treasurer; Feardorcha Ó hAirdigh, Cathaoirleach; Liam Ó Cuinneagáin, Leas cathaoirleach; Brian O’Byrne, Secretary. Back from left: Fr. Bill McGeady; Freddie Godliman, PRO; Conal McIntyre; Seán Ó Beirn; Victor Fuller; Josephine O’Byrne (Assistant secretary),. Arranmore progress and potential flagged as population grows Google+ WhatsApp Pinterest Facebook Important message for people attending LUH’s INR clinic Facebook WhatsAppcenter_img News Pinterest RELATED ARTICLESMORE FROM AUTHOR Community Enhancement Programme open for applications Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Previous articleEamon Ó Cuív special guest for Pat O’Donnell commemorationNext articleShay Given reacts to Ireland’s victory over Estonia News Highland Garda station closure top of agenda at Glencolmcille parish council meeting Renewed calls for full-time Garda in Kilmacrennanlast_img read more