IMF is right – but savings crisis looms

first_img Show Comments ▼ whatsapp IMF is right – but savings crisis looms Monday 27 September 2010 8:53 pm Sharecenter_img whatsapp GEORGE OSBORNE was a happy man yesterday, courtesy of the usually dour International Monetary Fund (IMF), which released an unusually effusive and gushing endorsement of the coalition’s macroeconomic policies. The IMF is upbeat for 2011, predicting growth of two per cent. It makes it clear that slashing the deficit and controlling public spending is the only way forward to avoid a sovereign debt crisis. While squeezing state spending will slow growth, the IMF is confident that liberating resources for the private sector will ensure that the recovery continues strongly. More emphasis should be given to reducing public sector compensation wage premia and achieving savings in benefits through better targeting, it argues, policies that will be music to Osborne’s ears as he prepares for next week’s party conference in Birmingham.But while the IMF is right to highlight Britain’s economic recovery and cyclical upswing, many longer-term challenges remain for Britain. Two in particular stole the limelight yesterday. First, pensions. According to a study by A.T. Kearney, the management consultancy, 95 per cent of Britons will find themselves having to downgrade their lifestyle significantly or be plunged below the poverty line in retirement. The bottom 88 per cent of British households own only £7,000 on average in liquid assets, with many relying on downsizing their homes when they get older. The next four per cent own an average of just £71,000, with the next 2.8 per cent an average of £141,000. Only the top five per cent of households have any substantial amount of liquid assets – and even then only the truly rich have anything like enough. Someone aged 54 and earning £150,000 with £200-£500,000 in liquid wealth will only take home an annual retirement income of £20,000-£31,000. The study demolishes the myth that “my house is my pension”. Downsizing won’t unlock enough cash for the majority of the population; most would only have £30,000 left in equity, after stamp duty and other costs. The government’s Nest scheme to auto-enrol those on lower incomes into approved pension plans will be a case of too little, too late. Charlie Bean, the Bank of England’s deputy governor, was being too short-termist when he called yesterday on consumers to save less and spend more – low savings are a much greater threat to the UK’s prosperity than a couple of years of weak consumer spending and sluggish GDP growth. Second, the corporate exodus. Wolseley, a heating and plumbing firm with a turnover of £13.2bn, will adopt a Jersey structure and base itself in Switzerland for tax reasons. The move will save it millions of pounds and lower its tax rate substantially. The result for Britain will be an even higher deficit, fewer jobs and less investment. The government is consulting on a reform of the tax system but UK Plc has run out of patience – understandably, given the growing anti-capitalist mood music. Britain is the only country in the world which appears actively to want to chase away its multinationals. So the IMF is largely right about the short-term – but Britain’s longer-term prospects remain dire. Osborne is understandably concerned primarily with fire-fighting right now, but he will eventually also have to address those extraordinarily difficult issues if he truly wishes to make his mark as a reforming [email protected] KCS-content Tags: NULLlast_img read more

Clarion Gaming champions diversity with new scholarship

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 10th August 2018 | By contenteditor Clarion Gaming, the European Casino Association (ECA) and the Association of Gaming Equipment Manufacturers (AGEM) have joined forces with the Executive Development Program (EDP) to deliver a new gender diversity scholarship.The first-of-its-kind initiative will enable one aspiring female gaming employee to attend the prestigious EDP gaming leadership course in Lake Tahoe, Nevada, from November 10-18.The EDP enables prospective gaming executives to explore new industry ideas and leadership strategies, as well as network with industry figures from around the world.The University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI) and the University of Nevada Reno College of Business and Extended Studies have been running the partnership program for the past 28 years.Kate Chambers (pictured), managing director of Clarion Gaming, the parent company of, said: “This is a really exciting development and one that is just so important for the industry.“Through our events, we have featured educational initiatives on diversity and inclusion that support, inspire and influence the development of women in the gaming and lottery industries – so I am proud of the fact that we can support the first ever Gender Diversity Scholarship with our friends at EDP, ECA and AGEM.”The EDP and the ECA have also announced another partnership that establishes the EDP as a “think tank and resource centre for the global gaming industry”.Major themes on this year’s EDP agenda include the land-based casino industry in Europe, women in leadership, safety and security, responsible gambling, and corporate social responsibility.Per Jaldung, chairman of the ECA and 2010 EDP graduate, said: “The ECA is delighted to cooperate with such prestigious and experienced partners and provide this outstanding professional education and scholarship opportunity to an up-and-coming female talent from the European casino industry.”Marcus Prater, executive director of the AGEM added: “We are very pleased to partner with the ECA so that its broad membership is further exposed to EDP and its many benefits and that one deserving individual can attend via AGEM’s scholarship support.”Women interested in the new scholarship must be employed by a direct or indirect member of the ECA, have ambitions to hold a leadership position in gaming, as well as a desire to further their professional education.The scholarship will cover the recipient’s travel, accommodation and program registration fee. Topics: Casino & games People Sports betting Strategy Initiative opens up more opportunities to women in gaming Tags: Online Gambling OTB and Betting Shopscenter_img Casino & games Clarion Gaming champions diversity with new scholarship Subscribe to the iGaming newsletter Email Addresslast_img read more

George Pisi demolishes opposite number Mark Bennett with huge hit

first_imgThursday Nov 26, 2015 George Pisi demolishes opposite number Mark Bennett with huge hit Northampton Saints centre George Pisi is building a reputation as being one of the hardest hitting centres in the game, and he’s done it again, most recently against Glasgow Warriors in the European Champions Cup. It was arguably the biggest tackle of the weekend.The Samoan launched into Scotland international Mark Bennett, causing some concern for the local fans, leading to referee Pascal Gauzere taking a closer look with the TMO. Gauzere said it was fine, so Pisi stayed on the field and Bennett used the time for a much needed breather.Pisi has shown on numerous occasions that he reads the game beautifully and loves crash tackling, and this is just another example of a well executed, trademark midfield hit. Bennett was trying to get the ball on the inside to Sean Lamont, but took his eyes off it with the imminent Samoan threat heading in his direction. Boom.Pisi recently thumped Owen Farrell, and last year he made a devastating monster hit on Shane Geraghty, causing the London Irish back to be physically sick on the field.And then there’s poor old Nick Abendanon. Samoan players have a history of brutalising the now Clermont fullback, and when it’s not the Tuilagi brothers going it, Pisi has been on hand to deliver.In 2011 he made a similar crunching hit on Abendanon, and then in last year’s Challenge Cup Final Pisi got him again, that time with a blindside hit.Since posting this clip both here and on Instagram, Glasgow Warriors teammate Stuart Hogg found it rather amusing, so Bennett was good humoured enough to respond.You can view the aforementioned hits in the Related Posts below, and the hit on Farrell on page twoADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Mexico City police beat up three journalists with TV documentary company

first_img News September 19, 2006 – Updated on January 20, 2016 Mexico City police beat up three journalists with TV documentary company News to go further RSF_en Reporter murdered in northwestern Mexico’s Sonora state Follow the news on Mexico Receive email alerts Reporters Without Borders condemns the beating which three journalists working for the Canal 6 de Julio TV documentary production company received at the hands of police in Mexico City on 15 September. The organisation calls on special prosecutor David Vega Vera to question the officials in charge of the policemen suspected of being involved. Reports MexicoAmericas May 5, 2021 Find out more April 28, 2021 Find out more Help by sharing this information May 13, 2021 Find out more MexicoAmericas Reporters Without Borders today condemned the beating which three journalists working for the Canal 6 de Julio TV documentary production company – Mario Viveros Barrágan, Juan Pablo Ramos Jiménez and Miguel Angel Fuentes Cortina – received at the hands of police officers when they filmed them arresting a gang of youths in the centre of capital on the night of 15 September.The press freedom organisation called on the special prosecutor for crimes against the press to issue summonses to the Federal District of Mexico City authorities who employ the police suspected of being responsible for the violence.“This attack is a flagrant violation of press freedom,” Reporters Without Borders said. “It is all the more unacceptable as it was carried out by police who were clearly convinced that their jobs guarantee them impunity. We call on federal justice ministry special prosecutor David Vega Vera to demand an explanation from the Federal District administration and public security directorate and to bring the appropriate charges. There should also be administrative sanctions for this abuse of authority.”Members of the neighbourhood police and the Mexico City judicial police were arresting young gang members in the heart of a city on the night of 15 September when they suddenly lost their patience with the three Canal 6 de Julio reporters who were filming them.At first they pushed and beat Viveros and Fuentes. Then about 10 policemen turned on Ramos and dragged him by the hair before kicking and hitting him with batons, as well as smashing his camera and taking the cassette on which he had filmed the arrests. Ramos was hospitalized with multiple bruising.In a message posted on the company’s website (, Canal 6 de Julio director Carlos Mendoza lambasted “the negligence and pride of Federal District head of government Alejandro Encinas, government secretary Ricardo Ruiz and Federal District public security secretary Joel Ortega, who have so far refrained from taking any action in this case and are trying to treat it as a bureaucratic detail.”Created in the late 1980s, Canal 6 de Julio produces documentaries and investigative reports on often controversial subjects such as the militarisation of the southern state of Chiapas after the Zapatista uprising in 1994. News 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Organisation last_img read more

EQ Health Acquisition Corp. Announces Pricing of Upsized $191.1 Million Initial Public Offering

first_imgLocal NewsBusiness EQ Health Acquisition Corp. Announces Pricing of Upsized $191.1 Million Initial Public Offering TAGS  Facebook By Digital AIM Web Support – January 29, 2021 Pinterest Pinterest AUSTIN, Texas–(BUSINESS WIRE)–Jan 29, 2021– EQ Health Acquisition Corp. (the “Company”), today announced the pricing of its initial public offering of 19,130,400 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “EQHA.U” beginning January 29, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ‘‘EQHA’’ and ‘‘EQHA.WS,’’ respectively. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on identifying, acquiring and building an undervalued, growth-oriented company in the healthcare services sector. Jefferies LLC and BTIG, LLC are acting as joint book running managers. The Company has granted the underwriters a 45-day option to purchase up to 2,869,560 additional units at the initial public offering price to cover over-allotments, if any. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus—[email protected]; or BTIG, LLC, 65 East 55th Street, New York, NY 10022, email: [email protected] Registration statements relating to the securities became effective on January 28, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on February 2, 2021, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. View source version on CONTACT: EQ Health Acquisition Corp. Benjamin M. Hanson 512.619.2922 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: GENERAL HEALTH PROFESSIONAL SERVICES HEALTH FINANCE SOURCE: EQ Health Acquisition Corp. Copyright Business Wire 2021. PUB: 01/29/2021 08:30 AM/DISC: 01/29/2021 08:31 AM Previous articleBadger Meter Reports Fourth Quarter and Full Year 2020 ResultsNext articleSea shanties are having a moment amid isolation of pandemic Digital AIM Web Support WhatsApp Twitter Twitter Facebook WhatsApplast_img read more

Companies continue to provide rural transport despite losing MFG backing

first_img Previous articleMan arrested in Denis Donaldson murder enquiryNext articleMet Eirean reissues warning as Katia bears down on Donegal News Highland 75 positive cases of Covid confirmed in North Google+ Newsx Adverts Companies continue to provide rural transport despite losing MFG backing Gardai continue to investigate Kilmacrennan fire Pinterest WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal Many private companies are continuing to providing rural transport and school bus runs despite losing the backing of MFG which ceased trading last week.A meeting this weekend between the agency’s management and the government failed to reach an interim arrangement to continue to fund rural transport and other services hit by the closure.That is news that Pat the Cope Gallagher MEP says is very disappointing.He claims however that many transport providers are continuing to offer a service without MFG backing: Facebookcenter_img Google+ WhatsApp Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic By News Highland – September 11, 2011 Twitter Twitterlast_img read more

Update – Power restored after Lifford outage

first_img WhatsApp RELATED ARTICLESMORE FROM AUTHOR Google+ DL Debate – 24/05/21 Update – Power restored after Lifford outage Homepage BannerNews Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th WhatsApp By News Highland – March 31, 2020 Twitter Facebookcenter_img Google+ Previous articleNew travel restrictions could be considered todayNext articleGardai urge business owners to secure vacant premises News Highland Pinterest Twitter Facebook Arranmore progress and potential flagged as population grows Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Update – Power restored before 11amA major power outage is affecting Lifford and surrounding areas this morning.1,624 homes and businesses are currently without power.The ESB says crews are working to restore power, with an estimated completion time of 12:45pm. Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

Rehabilitation unit will not be relocating to LUH

first_img News, Sport and Obituaries on Monday May 24th Pinterest By News Highland – June 18, 2020 Facebook WhatsApp Google+ Twitter WhatsApp Community Enhancement Programme open for applications Homepage BannerNews Previous articleStrategic growth plans announced for LetterkennyNext articleMortgage holders on payment breaks facing interest charges News Highland Google+center_img Letterkenny University Hospital has confirmed that the Medical Rehabilitation Unit at St. Conals Campus will not be relocating.As part of the plans to resume services that had been temporarily stopped because of COVID-19, the hospital had been considering the best use of all beds in the hospital.One of several options which had been considered was to temporarily move the Rehabilitation Service from the St Conal’s Campus to the main hospital.There had been concerns over the possibility of the unit moving to Letterkenny University Hospital, resulting in potential delays in rehab care.However, following a COVID-19 management meeting this afternoon, the hospital have given reassurances that the unit will not be moving as part of plans. Facebook Important message for people attending LUH’s INR clinic Rehabilitation unit will not be relocating to LUH Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme Twitter Pinterest RELATED ARTICLESMORE FROM AUTHORlast_img read more

An Post says payments will be available for 90 days

first_imgHomepage BannerNews Community Enhancement Programme open for applications Nine til Noon Show – Listen back to Monday’s Programme Publicans in Republic watching closely as North reopens further Twitter Arranmore progress and potential flagged as population grows Twitter WhatsApp An Post says payments will be available for 90 days RELATED ARTICLESMORE FROM AUTHOR By News Highland – March 30, 2020 Facebookcenter_img Google+ Previous articleICU capacity at LUH has more than doubled – ManagerNext articleDonegal Driver arrested for drug driving News Highland Google+ Pinterest Important message for people attending LUH’s INR clinic Pinterest An Post has confirmed at all social welfare payments will be available for collection at the Post Office for up to 90 Days after the payment day.Any welfare payment customer affected by Covid-19, self-isolating, or cocooning, may nominate a  temporary agent to collect their payment.  The form is available at all post offices and online at of Communications at An Post, Anna McHugh says people shouldn’t worry about the money due to them……………Audio Player Up/Down Arrow keys to increase or decrease volume. Loganair’s new Derry – Liverpool air service takes off from CODA WhatsApp Facebooklast_img read more

American teen who was detained near border plans to sue government after being released

first_imgwingedwolf/iStock(EDINBURG, Texas) — An American teenager has been released from immigration custody in Texas after being detained for almost a month, according to federal officials.Francisco Erwin Galicia, an 18-year-old U.S. citizen who was born in Dallas and lives with his family in the Texas border city of Edinburg said he was driving with his brother and some friends on June 27 when they were stopped at a U.S. Border Patrol inland checkpoint in Falfurrias. Galicia said the federal agents separated him from his brother, who was born in Mexico but was living undocumented in the United States, according to ABC Dallas affiliate WFAA.Galicia said he had his Texas state driver’s license, U.S. Social Security card and a copy of his birth certificate in his wallet at the time, but he was detained by Border Patrol for three weeks then transferred to the U.S. Immigration and Customs Enforcement detention center in Pearsall, Texas.“They thought they were fake,” Galicia told ABC Dallas affiliate WFAA in an interview Tuesday. “I had all my papers, but they still didn’t believe me. I don’t know the reason why.”Galicia said he lost at least 20 pounds while living in terrible conditions in detention.“There were up to 70 people in a room,” he told WFAA. “They wouldn’t let us brush our teeth or go to the bathroom. There were people who were very sick inside, and it’s really inhumane the way we were treated.”Galicia told the affiliate that his mother eventually called Texas-based immigration attorney Claudia Galan for help. Galan said she took Galicia’s birth certificate and other documents to the facility where he was being housed two weeks ago but didn’t have any luck until she contacted members of the press. Galicia’s story soon captured national news headlines.Galicia was released from ICE custody on Tuesday, officials said.“Francisco’s English is not good. So they probably thought, if he was a U.S. citizen he should be able to speak English,” his lawyer told WFAA. “They also probably thought that because he’s with other undocumented immigrants that he was one too.”A joint statement from ICE and U.S. Customs and Border Protection appeared to accuse Galicia of providing agents with “conflicting reports” and “multiple birth certificates” while in custody.“Generally, situations including conflicting reports from the individual and multiple birth certificates can, and should, take more time to verify,” the federal agencies said in the joint statement, obtained by ABC News on Thursday. “While we continue to research the facts of the situation, this individual has been released from ICE custody. Both CBP and ICE are committed to the fair treatment of migrants in our custody and continue to take appropriate steps to verify all facts of this situation.”Neither agency would comment on the status of Galicia’s 17-year-old brother, Marlon, who told The Dallas Morning News that he agreed to be returned to Mexico.Galicia’s attorney said she believes her client was profiled and that she plans to file a lawsuit on his behalf against both agencies in the coming weeks.“Their job is to deport people. Their practice is to be tough,” Galan told WFAA. “But they should have looked into his claim from day one. They had the documents.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more

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