The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC

The sharp rise in insecure work across the UK is costing the government – to the tune of nearly £4bn a year in lost tax income and benefit pay-outs.That’s according to the Trades Union Congress (TUC), which says that total represents nearly a quarter of the social care budget spent in England. A flurry of recent cases has turned the spotlight on the gig economy and split opinions on how workers should be regarded. Just last week Pimlico Plumbers lost its appeal over the employment status of one of its workers, with the Court of Appeal ruling the individual in question was a worker and entitled to basic workers’ rights.Uber and CitySprint have been embroiled in similar situations, though Uber has said it will appeal the ruling, while Deliveroo riders are preparing to take legal action over their employment status.Some say the gig economy provides more flexible work opportunities and others say there’s not enough job security and workers can be exploited.TUC general secretary Frances O’Grady said: “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too.“Zero-hours contracts and low-paid self-employment are costing the economy billions every year in lost tax revenues,” she added. Share Its new study claims that generally lower incomes for the self-employed and those on zero-hours contracts mean less tax is collected.The rise in low paid self-employment accounts for just over half – £2.1bn – of the bill, as the government picks up considerably less in the way of income tax and national insurance. Meanwhile, the increase in zero-hours contracts has left a £1.9bn hole in the public finances, according to the TUC.Read more: What the experts think the Pimlico Plumbers case means for the gig economyIts report, conducted by Landman Economics, uses tax and benefit modelling to show the impact of the growth in insecure work since 2006.Official figures show the number of self-employed people in the UK has grown 45 per cent since the turn of the millennium to 4.8m. The TUC says the number of self-employed who are low-paid has increased by more than a fifth during that time. whatsapp Read more: An unstoppable surge: London’s gig economy grows 72 per centO’Grady added that companies using zero-hours contracts and claiming self-employment when really workers should be deemed employed needed to fix up, so workers actually qualified for the likes of holiday pay and the national living wage.”Bosses who employ staff on shady contracts are cheating all of us. That’s why we desperately need more decent jobs that pay a fair wage,” she said. Tuesday 14 February 2017 8:39 am Rebecca Smith whatsapp The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC More From Our Partners Russell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest read more

Dunleavy administration announces new travel mandate offering testing as alternative to quarantine

first_imgCoronavirus | State GovernmentDunleavy administration announces new travel mandate offering testing as alternative to quarantineJune 3, 2020 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Update — On July 28, 2020, Alaska Gov. Mike Dunleavy announced that starting August 11th, nonresident travelers to the state will be required to have a negative COVID-19 test.Update – Andrew Kitchenman, KTOO and Alaska Public MediaState leaders said travelers to Alaska who take a test before or at their arrival should take a second test seven to 14 days later under the revised state mandate that goes into effect on Saturday. The revised mandate, released on Wednesday, said those coming into the state should minimize their contact with others until they have the results from the second test. Alaska Chief Medical Officer Dr. Anne Zink said taking one test isn’t the equivalent of the 14-day self-quarantine that the state has required since late March. “We’re really trying to minimize that risk as much as possible to Alaskans, while opening up as much as we can,” Zink said. Dr. Anne Zink, Alaska’s Chief Medical Officer, watches Gov. Mike Dunleavy during a press conference on the COVID-19 pandemic on April 2, 2020, in Anchorage, Alaska. (Creative Commons photo courtesy Alaska Governor’s Office)Zink said a test given seven days after infection will identify roughly 90 percent of cases, while a test given 14 days later will identify roughly 96 percent. She noted that Vermont is using a seven-day quarantine with a test at the end for out-of-state travelers, while Hawaii continues to use a 14-day quarantine. Travelers will be given a voucher they can use at testing sites. Zink said the state is working to identify which sites will be able to take the vouchers.  The mandate applies to all travel from outside of the state, including Alaskans returning home.  Gov. Mike Dunleavy said his administration will actively seek feedback as he evaluates how to revise the mandate in the future. “We’re going to want to hear from you as travelers, we’re going to want to hear from you as businesses, entities, what’s working, what’s not,” he said. “Nothing is foolproof in this pandemic.”Dunleavy said he’s trying to strike a balance. He noted that some people in the state want to continue with 14-day quarantines, while others don’t want any travel restrictions.Dunleavy emphasized that the state is relying on people to work together to minimize the spread of the virus. “We have a duty — I should say — to each other to try and not impact each other with this virus, if we can,” he said. Under the revised mandate, out-of-state travelers can choose between two alternatives to a 14-day quarantine: either have a negative result from a test taken within 72 hours of flying, or combine a negative result from a test taken within five days before flying with a second test on arrival. Travelers without a test can get a test on arrival, but they must self-quarantine until they have the results. Capital City Fire/Rescue Capt. Roy Johnston talks to people arriving at Juneau International Airport on Saturday, March 21, 2020 in Juneau. (Photo by Rashah McChesney/KTOO)Travelers will be required to fill out a declaration form regarding testing when they’re flying to the state. There will be screeners at the Anchorage, Fairbanks, Juneau, Sitka and Ketchikan airports to collect the forms and offer the tests and vouchers.  Tests also will be given in Wrangell, Petersburg and Gustavus, state Health and Social Services Commissioner Adam Crum said. Zink said that if there’s a large increase in the number of cases inside the state that stressed the state’s testing capacity, the state could stop offering tests at the airports. When asked whether he would consider mandating the use of face masks in places where social distancing is difficult, Dunleavy said the state would continue to rely on Alaskans to “do the right thing.”“The big thing I would ask when it comes to masks, is simply this: If you see somebody wearing a mask and you don’t want to wear a mask, give them a thumbs up,” he said. “If you see somebody not wearing a mask and you’re wearing a mask, they’re your fellow Alaskan. And nobody’s trying to hurt each other.  We’re all trying to do the right thing in a very difficult situation.”   He added that mask wearing is about protecting others, and that people don’t know the health conditions of other people they encounter, or that of their family members. Original storyGov. Mike Dunleavy’s latest COVID-19 press conference is scheduled for 5 p.m. today.Alaska Gov. Mike Dunleavy speaks about the state’s COVID-19 response from the Atwood Building in Anchorage on March 20, 2020. Also pictured: Department of Health and Social Services Commissioner Adam Crum, Chief Medical Officer Dr. Anne Zink, and an unidentified sign language interpreter. (Creative Commons photo courtesy Alaska Governor’s Office)The governor, Alaska Department of Health and Social Services Commissioner Adam Crum and Chief Medical Officer Dr. Anne Zink will announces changes to a mandate covering interstate travel.The state health mandate that requires a 14-day quarantine for people who arrive from out-of-state  expires on June 5 and starting that day, visitors and Alaskans returning to the state will be asked to take a test within 72 hours of boarding an Alaska-bound flight.Members of the Dunleavy administration have been holding media briefings regularly since March 10. They’ve shared updates on the number of people in the state with confirmed cases, announced public health mandates, and explained the administration’s strategy and rationale.They’ve imposed public health mandates that have reshaped daily life across Alaska to combat the spread of the virus. Those mandates and other Alaska-specific COVID-19 resources and information are available at can watch today’s press conference live on this post, the governor’s Facebook or Livestream pages, or on 360 North television.This preview was written by KTOO’s Rashah McChesney.This story has been corrected to reflect the fact that the revision goes into effect on Saturday.Share this story:last_img read more

Greek Election sesults: Alexis Tsipras’ Syriza returns victorious but will it honour promises of stability and sea-change?

first_imgSunday 20 September 2015 5:42 pm Show Comments ▼ More From Our Partners Institutional Investors Turn To Options to Bet Against‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest whatsapp This weekend Alexis Tsipras’ Syriza secured another resounding endorsement – the third in nine months – despite his about-turn which saw him sign a tough bailout memorandum, lighter versions of which he – and the electorate – had previously opposed.In total 24 political parties contested yesterday’s elections, the fifth in six years and the third vote in just nine months. Voter disillusionment is at its highest in years – 45 per cent of Greek voters are said not to have turned out.  Syriza won 35.5 per cent of the vote – less than last time – and, while comfortably ahead of centre-right rivals New Democracy, Tsipras’ party has only secured 145 seats. He needed 151 to win a majority, meaning a coalition will be formed with right-wing group Independent Greeks, which won 10 seats.  It’s interesting to note that Popular Unity, which was formed by a break-away faction from Syriza, achieved minimal support for its anti-euro platform, winning less than the three per cent necessary to enter parliament. It seems the vast majority of Greeks still want the euro.But what does the Syriza victory mean for Greece and for Europe?The chatter among Greeks on the ground is that Syriza has been “forgiven” for its mistakes, is credited for “having tried”, and has been given “another chance”.The reality remains that the new government is committed to the debt repayments and stringent reform programme signed, but will be expected to use the renewed mandate to pursue lightening of conditions or debt restructuring in the future.Tsipras is weaker since the summer, so although he is still sure to make European leaders ‘nervous’, he is unlikely to usher in a new crisis or significant digression from what has been agreed.The only difference may be down to policy measures, over and above the memorandum: to either emphasise income redistribution, focusing on the poorest, or seek to stimulate growth, which might mean compromise with a more capitalist agenda.This could offer much-needed relief to the hardest hit – but essential for growth – middle classes.Aristotle said that the greatest tensions in any state are borne out of mutual resentment between rich and poor and a strong middle class keeping balance, guarding against corruption. In Greece, the middle classes occupy most of the manufacturing and services sector, and consumer base, currently stagnating.Syriza must compromise if it is to construct a model for growth and recovery and bring a true sea-change across Europe. The eyes, not just of Greece, but of millions of Europeans thirsty for “change”, from Jeremy Corbyn’s Labour in the UK, to Spain’s Podemos, are watching.  Vassiliki Koutrakou whatsapp Greek Election sesults: Alexis Tsipras’ Syriza returns victorious but will it honour promises of stability and sea-change? by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbes Share last_img read more

News / Battle for air freight capacity heats up as investment for freighters eases

first_img This year looks set to be all about air freight capacity. Last year’s shortage, which airlines are blaming on forwarders for continued price pressure in the past few years, has triggered a run on available aircraft, as well as a far greater share of block space agreements (BSAs).Demand growth significantly exceeded capacity growth in 2017, and several airlines have said they were on the lookout for more freighter capacity. But chronically low rates have hampered their ability to invest in new metal.Two carriers have recently found new capacity: yesterday ANA Cargo announced a move into 777 freighters, finalising an order for two from Boeing to add to its 767F fleet.And Atlas Air has managed to source six 747-400Fs on operating leases, two of which arrived in the third and fourth quarters last year, with the remainder coming this year. A former EVA Airways 747-400F was delivered to Atlas this month, according to, but is not yet operational. One source told The Loadstar one of the biggest challenges for capacity-hungry airlines was lack of maintenance facilities. Most, if not all, facilities are fully booked for the foreseeable future, making it harder to bring stored aircraft back into service.But as forwarders scramble to make block space agreements with airlines – or charter freighters such as Flexport – airlines have pointed out that the capacity shortage was down to the chronic underfunding of the past few years.“In previous years, there was a great deal of price pressure on airlines, which was largely created by forwarders,” said one executive from a major combination carrier. “The industry wasn’t able to invest in freighters. The capacity shortage is a direct result of this price pressure.“The industry has yet to get used to a higher rate level, and in the long-run it’s good. Then you can justify those investments,” he added.Seabury data shows freighters are losing capacity share to bellies. Last year, freighters accounted for just 33% of available capacity, its lowest ever point, down from 35% in 2016, and from 39% in 2012. It is set to fall again, said the consultancy. Freighter deliveries have peaked and the belly capacity on order will account for 76% of outstanding capacity between 2017 and 2021.One of the other potential problems for forwarders is that of outstanding freighter orders, 78% are for integrators. UPS, for example, ordered 14 747-8Fs last year.“Freighters that the integrators are buying are going into a different segment, either domestic or intracontinental.  There is hardly any intercontinental,” said the airline executive. “There is definitely an opportunity to bring up more capacity.”Lufthansa is among airlines looking to update its fleet.“We have 12 MD-11Fs, which are good but not state of the art,” said COO Alexis von Hoensbroech. “We are looking to replace them.”But he warned: “This industry is full of surprises – flexibility is key. It’s also important not to oversupply.”Airlines across the board are reporting increasing numbers of requests for blocked space agreements.“The shipper community learned a lesson last year that capacity is of value in itself,” said the airline executive. “Forwarders are taking a more strategic approach than before.“We are limiting BSAs now, so we can keep some capacity open, but the share of BSAs is definitely going up.” By Alex Lennane 27/03/2018last_img read more

Why isn’t Harvard getting rich off its scientific research?

first_img How an obscure law brought us nasal flu spray — and new conflicts of interest Harvard ranks 25th among universities and university systems in terms of the number of faculty inventions it licensed or optioned out to industry in the 2012-14 fiscal years, according to data from the Association of University Technology Managers.Read more: Inside the quest to turn a Harvard discovery into a blockbuster cough medicineThe STAT analysis ranked Harvard 20th in efficiency, a measure that takes into account the amount of research spending and how many faculty discoveries have been commercialized at the top business-generating schools. The University of Georgia got five times more bang for its research buck by this measure.advertisement Aspiring biotech entrepreneurs ‘would be crazy’ not to take this Harvard class BusinessWhy isn’t Harvard getting rich off its scientific research? The Harvard name is among the most prestigious in the world. Thousands of the best scientific researchers work at its top-ranked medical school. And it sits within a few miles of one of the world’s foremost engines of medical innovation, the biotech hub of Kendall Square.Yet when it comes to converting the scientific discoveries of its faculty members into blockbuster drugs and devices, Harvard falls short.A STAT analysis of data updated in September finds that Harvard — used to being at the top of most rankings that count — isn’t even in the same league as many US universities by several measures of success in commercializing faculty research.advertisement And when it came to earning royalties and other income on the fruits of its faculty’s inventions, Harvard was just 27th. To put that into perspective: Over the course of those three years, Northwestern and NYU each brought in over half a billion dollars more in royalties than mighty Harvard.So what’s going on here?You might guess that Harvard isn’t investing in commercializing its research. But Harvard is a decade into a push to do exactly that.In 2005, the university brought in Isaac Kohlberg, a whiz kid from Israel, to jumpstart its tech transfer office, which works on commercializing faculty members’ eureka moments in the lab by creating startups or launching partnerships and licensing deals with existing businesses.And industry insiders think he’s doing a good job. “Isaac Kohlberg is a really hard charger. He’s got some very sophisticated ways of doing this, and they’re really very proactive,” said AUTM president Fred Reinhart. (The AUTM’s data, which STAT used for the analysis, is fairly complete, but a small number of universities don’t report their data, and there is some variation in the way each institution counts licensing deals.) Related: For the University of Florida, which ranks 16th in the STAT revenue analysis, the silver bullet is Gatorade, developed by scientists at its medical school to help the football team — the Gators — withstand the withering heat and humidity.And the University of Illinois, at No. 19, is on the rankings map thanks to the HIV drug Prezista.Harvard, which has brought in less than $13 million annually from licensing income in recent years, hasn’t gotten that one big break.Payoff can be long in the makingEven when a university tech transfer office strikes gold with a faculty member’s discovery, it can take years or even decades to get from an academic lab to a revenue stream.Northwestern is profiting off a 1989 discovery. For the University of Illinois, it was the 1990s. And the University of Florida has to look all the way back to the 1960s for the invention of Gatorade, the source of much of its current revenue stream.Harvard is still waiting to see if a discovery made long ago will pay off in the near-term — or if a gem lurking in a Boston laboratory right now might pay dividends in the future. Michal Preminger, a director of business development for Harvard’s tech transfer office, said she and her team don’t dwell too much on how to bring in revenue for the university. They focus instead on how to help faculty and bring useful products to market to help patients, she said — knowing that success in those realms “will translate into financial return.”But the question remains: Why isn’t Harvard leading the pack when it has so many advantages? STAT spoke to experts around the country for some answers.Harvard’s not interested in peanutsThe University of Georgia, which the STAT analysis ranked as the most efficient in the nation at capitalizing on faculty research, has a recipe for success: peanuts.The university’s agriculture inventions are relatively low-cost and low-risk, including 19 varieties of peanut plants that resist disease, tolerate drought, and produce more nutritious nuts. Peanut products make up a significant plurality of the discoveries the school moves to the marketplace.By contrast, the cutting-edge biomedical research that Harvard and other elite universities prioritize is often costlier. Nine out of 10 experimental drugs fail in clinical trials, and many projects that tech transfer offices try to commercialize don’t even make it that far.For Harvard and other universities focused on drug development, that can mean a lot of spending with little payoff.Harvard has to share scientists with its hospitalsAt Harvard, many faculty hold joint appointments at nearby research hospitals — and some of their research is licensed by those hospitals, many of which have their own tech transfer offices.center_img Harvard has been falling short in converting the scientific discoveries of its faculty members into blockbuster drugs and devices. Lisa Poole/AP Related: By Rebecca Robbins Dec. 21, 2015 Reprints Harvard Medical School eases up on contentious ethics rule For instance, if a Harvard scientist with a primary appointment at Massachusetts General Hospital makes a discovery that leads to a blockbuster drug, the hospital — not Harvard — will likely reap the financial rewards.So for Harvard, an unusually vibrant neighborhood doesn’t always translate into more licenses or greater profits.Tech transfer can be a game of luckDirectors and staffers at a handful of top revenue-earning tech transfer schools all said they hit the jackpot on just one breakthrough.No. 1-ranked Northwestern has taken in hundreds of millions of dollars annually in recent years — the vast majority of its royalties income — from a discovery that led to the blockbuster anti-seizure drug Lyrica. Related: Tags drug developmentHarvardmedical researchlast_img read more

Laois Tourism Academy proposed as tourism focal point

first_img Previous articleDeaths in Laois – Wednesday March 7, 2018Next articleLaois in London: The Park-Ratheniska man making waves across the water David PowerA journalist for over 20 years, David has worked for a number of regional titles both as journalist and editor. From Tullamore he also works as a content editor for His heroes include Shane Lowry, Seamus Darby and Johnny Flaherty WhatsApp Laois County Council team up with top chef for online demonstration on tips for reducing food waste Facebook Twitter Pinterest Twitter WhatsApp “The success of a Tourism Academy will be contingent on all stakeholders adopting the Tourism Academy as a focal point for collaboration. The initiative should be developed on a phased basis with initial networking at the core of its activity,” the plan outlines.“This should then evolve to focus on tourism enterprise and training supports in partnership with the relevant delivery agencies and examination of cross sector engagement e.g. food sector to promote extended rounds of industry networking,” it adds.Key actions include a networking schedule being devised for Laois Tourism industry based on a calendar of networking events distributed throughout the country.TrainingA tourism industry training schedule with local and national training and tourism development agencies to address key skill deficits within the industry.Key training programming should be aligned with the marketing development of tourism in Laois.SEE ALSO – IDA’s bland statement on Laois criticised A Tourism Academy will address the absence of a strong tourism network in Laois, according to the Laois Tourism Strategic Plan.“The development of a Tourism Academy is designed to become a focal point for industry networking, collaboration and training. The suggested operational model is designed to create an internal stakeholder engagement platform facilitating a cross pollination of ideas and act as an outlet for industry education and training,” the strategic plan outlines.“The overarching theme is promoting collaboration among all stakeholders with a direct and indirect involvement in the tourism sector,” it adds.“The natural development of the Tourism Academy should evolve to act as a stimulus for enterprise development through its role in becoming a dedicated sector network providing an accessible network for relevant agencies to work with existing and prospective tourism entrepreneurs,” according to the strategic plan.It adds that the development of a more visitor led destination will require increased collaboration among the industry, while simultaneously having a focussed approach to training. Facebook Council center_img TAGSLaois Tourism AcademyLaois Tourism Strategy 2018-2023 Laois Tourism Academy proposed as tourism focal point RELATED ARTICLESMORE FROM AUTHOR Rugby Ten Laois based players named on Leinster rugby U-18 girls squad Home News Laois Tourism Academy proposed as tourism focal point News Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining By David Power – 7th March 2018 Pinterest Community last_img read more

Canoeing and kayaking programme coming to Vicarstown

first_img Previous articleWe have ranked the top 10 GAA club jerseys in LaoisNext articleWinner announced in the Dunamaise Arts Centre The 4 of Us competition Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter WhatsApp Council Pinterest Pinterest Laois County Council team up with top chef for online demonstration on tips for reducing food waste Community Kayaking and Canoeing in Laois “Paddles Up” is a canoeing/kayaking programme aimed at getting people out and onto the water.Part-funded by Waterways Ireland, the programme was developed in Leirtim, on the River Shannon.It has been running for a few years on the Upper Shannon and Erne waterways, and is steadily coming south.Laois County Council Sports and Leisure Office, in partnership with SVT Sports Hub, and with the new SVT Canoe and Kayak Club in Vicarstown, is delighted to announce that the first Paddles Up programme in the midlands will take place on the Grand Canal Vicarstown in April and May 2018.The programme comprises 20 hours of training, and culminates in a Finals Day, where a number of groups come together, to demonstrate their new skills on a 10k water trek. Twitter WhatsApp Numbers are limited to 24 participants, and is confined to adults and older teenagers.Places will be allocated on a “first come first served” basis.Contact John Scully at 085-174 2251 for details of programme times, programme costs and to make a booking.SEE ALSO – Laois in London: The Park-Ratheniska man making waves across the water Facebook Ten Laois based players named on Leinster rugby U-18 girls squad TAGScanoeing By Alan Hartnett – 9th March 2018 Facebook Home Sport Other Sport Canoeing and kayaking programme coming to Vicarstown SportOther Sport Canoeing and kayaking programme coming to Vicarstown RELATED ARTICLESMORE FROM AUTHOR Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Rugby The Vicarstown Programme will be done in Canadian Canoes, and will start on Saturday April 7.Training will take place on Saturdays and Sundays throughout April and into May, and the Finals Day will take place in Vicarstown on Friday May 25.Vicarstown will host a number of Dublin based groups, who will travel down to have their Finals Day in Laois.last_img read more

Asahi Claims Secret January Contacts

first_imgNews North Korea tries to accelerate building of walls and fences along border with China By Yang Jung A – 2011.03.04 5:05pm News SHARE There are signs that North Korea is running into serious difficulties with its corn harvest Facebook Twitter There were secret contacts between North and South Korea in China during January on the subject of a possible summit, according to a Japanese newspaper.Citing a source inside the South Korean government, the newspaper, Asahi Shimbun, reported today, “In the secret contacts between South and North, opinions on dealing with the problem of North Korea’s armed provocations were exchanged.” At the meeting, attended for the North Korean side by a representative of the United Front Department, various obstacles in the way of a summit were discussed, including last March’s Cheonan sinking, the Yeonypeong Island shelling and nuclear issues.According to Asahi, the South Korean side used the meeting to demand that the location of any summit be in North Korea, unlike the last two such summit meetings, but the North refused and no agreement was reached. North Korea did apparently communicate a willingness to express its regret for its recent provocations, though. If so, this would be a reversal of position from the North. Even at last month’s military-to-military talks in Panmunjeom, the North continued to feign ignorance vis a vis the Cheonan sinking and tried again to place responsibility for the Yeonpyeong Island shelling on South Korea.It is also important to note that in the fall of 2009 and again last summer, the North displayed an apparent willingness to improve inter-Korean relations, but undertook a serious provocative act shortly afterwards.On this, one official related to the South Korean government noted, “It looks like the North Korean military and the Party are not good at reaching a consensus.”“In the background to the South Korea administration pushing for a summit is the desire of the Lee Myung Bak government, which has just two years left, to leave a legacy behind,” the piece claimed.center_img News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak AvatarYang Jung A RELATED ARTICLESMORE FROM AUTHOR News Asahi Claims Secret January Contactslast_img read more

S&P affirms U.S. sovereign rating

Fitch drops Canada’s AAA rating Facebook LinkedIn Twitter Sovereign downgrades to follow Covid-19: Fitch It also views U.S. governmental institutions and policymaking as generally strong, although the ability to implement reforms has weakened in recent years, it notes. “In particular, we think that recent shifts in the ideologies of the two major political parties in the U.S. could raise uncertainties about the government’s ability and willingness to sustain public finances consistently over the long term,” it says. While the 2012 elections could resolve the U.S. fiscal debate, S&P says that it sees this outcome as unlikely. Rather, if the election is close, the race could reduce bipartisanship even further, it suggests. Moreover, without significant fiscal policy change, S&P says it expects U.S. net general government indebtedness, as a share of the economy, to continue to increase. And, it says it believes that the U.S. will likely need a more substantial medium-term fiscal consolidation plan to arrest the deterioration in the government’s net indebtedness. Additionally, it notes that U.S. economic and fiscal performance remains subject to a number of significant risks, including ongoing fiscal and financial market dislocations in Europe. It also puts the risk of returning to recession in the U.S. at about 20%. The outlook on the long-term rating is negative, “reflecting our view that the likelihood that we could lower our long-term rating on the U.S. within two years is at least one-in-three”, it says. “Pressure on the rating could build if, in our view, elected officials remain unable to agree on a credible, medium-term fiscal consolidation plan… [or] if real interest rates rise and result in a projected general government (net) interest expenditure of more than 5% of general government revenue.” Share this article and your comments with peers on social media Standard & Poor’s Ratings Services affirmed its sovereign credit ratings on the U.S., but the outlook on the long-term rating remains negative amid ongoing concerns about its fiscal health. S&P affirmed its AA+ long-term and A-1+ short-term unsolicited sovereign credit ratings, and said its sovereign ratings on the U.S. primarily reflect its view of the strengths of the U.S. economy and monetary system, as well as the U.S. dollar’s status as the world’s key reserve currency. Related news Stranded assets a downgrade risk in a low-carbon economy Keywords Sovereign rating,  United States James Langton read more

Rising household debt could drag on long-term growth: analysis

first_img Share this article and your comments with peers on social media Facebook LinkedIn Twitter S&P/TSX composite hits highest close since March on strength of financials sector Related news TSX gets lift from financials, U.S. markets rise to highest since March The presentation contained a warning: the steady climb of the household debt-to-GDP level had put Canada’s long-term economic growth prospects at risk. The document pointed to a study that argued household debt accumulation eventually hampers economic growth over the longer term, eclipsing the nearer-term benefits of consumption. The strong expansion of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians’ record-high debt loads. It has also been a major driver of economic growth. The Canadian Press obtained a copy of the CMHC presentation via the Access to Information Act. It was included in a “confidential” memo to deputy finance minister Paul Rochon. Citing international research, the CMHC presentation points to an estimate that says a one percentage point increase in household debt-to-GDP tends to lower growth in a country’s real gross domestic product by 0.1 percentage points at least three years later. The calculation, published in a January study by the Bank for International Settlements, was based on an average produced from the data of 54 countries from 1990 to 2015. “Our results suggest that debt boosts consumption and GDP growth in the short run, with the bulk of the impact of increased indebtedness passing through the real economy in the space of one year,” said the BIS report. “However, the long-run negative effects of debt eventually outweigh their short-term positive effects, with household debt accumulation ultimately proving to be a drag on growth.” An accompanying chart in the CMHC presentation showed that between 2010 and 2016 Canada’s household debt-to-GDP level rose by more than five percentage points. The household debt-to-GDP ratio increased from almost 93% to just over 101% at the end of 2016, Statistics Canada says. A reduction of even 0.1 percentage points in the country’s GDP can have an impact. For example, Canada saw year-over-year growth in real GDP last year of 1.3%. The chart listed eight developed countries and ranked Canada second, behind Australia, for having the biggest increase in household debt-to-GDP level over the six-year period. BMO chief economist Doug Porter says he doesn’t dispute the broader conclusion that a rising household debt-to-GDP level poses risks for growth. But he’s skeptical one can draw a direct line from the household debt-to-GDP directly to economic growth down the road. For one, he said interest rate levels must be factored in. “I’d be very cautious about putting pinpoint accuracy on that,” Porter said. “I think that’s incredibly difficult to do.” However, Porter says the record levels of household debt piling up in Canada, like in many industrial-world economies, does suggest it will be tougher for the country to grow as quickly as it has in the past. “The consumer spending and housing gains that we could reap from lower interest rates have basically been reaped,” he said. “And, if anything, interest rates are probably more likely to rise than fall from current levels. So, to me that suggests we just really can’t count on the consumer to really pull the economy ahead as they have in recent years.”center_img Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch Andy Blatchford Even debt-free Canadians could eventually feel a pinch from someone else’s maxed-out credit cards, suggests research presented to senior officials at the federal housing agency. Canada Mortgage and Housing Corp. (CMHC) board members received an update in March on the country’s credit and housing trends. last_img read more