Thomas Piketty rejects France’s Legion of Honour award

first_imgFrance’s rock star economist Thomas Piketty has turned down France’s highest state honour because, in his view, it is not the role of the government to dispense these kinds of awards.The economist made waves in 2014 and topped the Amazon bestseller list with his book Capital in the 21st Century, which postulated that inequality will soar under capitalism’s current trajectory because the rate of return on capital (r) tends to be higher than the growth rate of the economy (g). According to Agence France-Presse, Piketty said:I just found out that I have been proposed for the Legion of Honour. I refuse this nomination because I do not think it is the government’s role to decide who is honourable.He added:They would do better to concentrate on reviving (economic) growth in France and Europe.Piketty’s native France has been beset by economic woes with high unemployment, poor growth and failure to meet its deficit targets. France was recently overtaken by Britain to become the world’s fifth largest economy and recently abandoned its much ridiculed 75 per cent tax rate on the rich.Piketty was at one time close to President Hollande’s Socialist government but has since distanced himself from the administration. In Britain, the Queen’s New Year Honours list was recently revealed, which included Esther Rantzen and Sheridan Smith. Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Jeff Misenti Thomas Piketty rejects France’s Legion of Honour award Tags: People Thomas Pikettycenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero 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 WeekBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator whatsapp whatsapp Show Comments ▼ Thursday 1 January 2015 11:20 amlast_img read more

Deflation has arrived in Germany: Inflation rate falls to -0.5 per cent in January

first_img Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp whatsapp Germany has slipped into deflation for the first time since the global financial crisis, supporting the European Central bank’s recent decision to unleash its biggest “bazooka” on the ailing Eurozone.Consumer prices fell -0.5 per cent on an annual basis in January, according to flash estimates from Germany’s statistics office. This meant they had fallen to the lowest level since July 2009. This shows that, despite its sunnier outlook, even the Eurozone’s “star economy” is enable to inoculate itself against the spectre of prolong deflation which is currently haunting the single-currency bloc.The Eurozone slipped into deflation at the end of last year, with the headline inflation rate falling -0.2 per cent at the end of last year, and it’s expected to have slid even further when January’s figure comes out tomorrow.Earlier this month the European Central Bank (ECB) unveiled a €1.1tn (£840bn) quantitative easing package, designed to ward-off deflation and kick-start growth in the Eurozone. Jessica Morris Show Comments ▼center_img Thursday 29 January 2015 8:43 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory Deflation has arrived in Germany: Inflation rate falls to -0.5 per cent in January Tags: Eurozone inflationlast_img read more

Eurozone gets Christmas lift from fastest sales growth since 2007

first_imgWednesday 4 February 2015 8:01 pm More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.com Express KCS whatsapp Eurozone gets Christmas lift from fastest sales growth since 2007 CHRISTMAS shoppers defied the Eurozone’s problems at the end of last year, driving retail sales growth close to an eight-year high.The volume of retail sales in the currency bloc jumped by 2.8 per cent in December, compared to the same month a year earlier – the quickest year-on-year expansion since early 2007. Compared to November, sales rose by 0.3 per cent according to the Eurostat office in Brussels.Tumbling global oil prices were credited in part for the uplift in sales. “Cheap oil is delivering a boost to the Eurozone economy, and we are finally seeing the hard evidence for it,” said ING’s Teunis Brosens. “The strong retail sales quarter bodes well for Eurozone economic growth in the final three months of 2014.”Spain’s economic recovery helped push up Eurozone sales. Spanish sales were 6.6 per cent higher than a year earlier.The data includes the 18 states that made up the euro area in December. The bloc now includes 19 countries, after Lithuania joined on 1 January. Tags: NULL Show Comments ▼ whatsapp Sharelast_img read more

Crowds flock to ninth annual Jupiter Nocturne

first_imgSunday 7 June 2015 11:19 pm Crowds flock to ninth annual Jupiter Nocturne Show Comments ▼ THOUSANDS of dedicated cycling fans gathered in Farringdon on Saturday night to watch elite cyclists race around London’s Smithfield Market.Jupiter London Nocturne attracted riders ranging from Olympic champions and Tour de France stars, to amateur enthusiasts.The free-to-attend event, which is hosted by fund management group Jupiter AM, is now in its ninth year. Farringdon’s bars and restaurants got in on the action too, with live music and entertainment adding to the street festival feel.As well as the technically demanding Smithfield race circuit, spectators could watch the folding bike race, the penny farthing race and the Santander cycle hire race. Team JLT Condor rider Ed Clancy was first over the line in the men’s event, while Katie Archibald of Pearl Izumi Sports Tours International was the fastest woman. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily Proof whatsapp whatsapp Express KCS Tags: NULLlast_img read more

Donald Trump in quotes: The 2016 US presidency candidate’s most controversial opinions and tweets

first_img whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoTotal Battle – Tactical Game OnlineAdvertisement The Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineUndoEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo Show Comments ▼ Share Tuesday 16 June 2015 2:12 pm Joe Hall Donald Trump in quotes: The 2016 US presidency candidate’s most controversial opinions and tweets Tags: Donald Trump People US Presidential Election 2016 Donald Trump announced his intention to run for president of the United States in typical style – in the lobby of skyscraper brandishing his name and with boasts such as “I beat China all the time. All the time.”The eccentric host of the US version of The Apprentice is an outsider to win the 2016 Republican nomination, yet in a crowded field the billionaire is polling in the top 10 meaning he could well feature on televised debates and – if his past history is anything to go by – make headlines. Read more: Donald Trump to run for US President in 2016So in anticipation of months of Team Trump campaigning, here’s Trump’s opinions, spats and controversies in his own statesmanlike words…Trump on climate changeTrump believes climate change is a “hoax”, “bullsh*t” and a lie created by China. The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.— Donald J. Trump (@realDonaldTrump) November 6, 2012 On Barack ObamaIt’s safe to say Trump isn’t a fan. Indeed, after Obama’s 2012 victory Trump even called for “revolution” on Twitter. The entrepreneur has teamed up with conspiracy theorists to question the validity of the president’s birth certificate. Let’s take a closer look at that birth certificate. @BarackObama was described in 2003 as being “born in Kenya.” http://t.co/vfqJesJL— Donald J. Trump (@realDonaldTrump) May 18, 2012 On Obama’s mental healthDuring the ebola crisis Trump expressed concern for his president’s well-being:I am starting to think that there is something seriously wrong with President Obama’s mental health. Why won’t he stop the flights. Psycho!On his rivals for the GOP nominationRubio and Bush are two of the more fancied Republican candidates: I laugh when I see Marco Rubio and Jeb Bush pretending to “love” each other, with each talking of their great friendship. Typical phony pols— Donald J. Trump (@realDonaldTrump) May 18, 2015 On Work RelationshipsHere’s what Trump said about the women who competed on The Apprentice:All of the women on The Apprentice flirted with me – consciously or unconsciously. That’s to be expected.On Russell BrandIf Trump somehow does make it all the way to the Oval Office, he can at least bond with David Cameron over their shared disdain for Russell Brand: [email protected] Katy, what the hell were you thinking when you married loser Russell Brand. There is a guy who has got nothing going, a waste!— Donald J. Trump (@realDonaldTrump) October 16, 2014 On LosersIt’s not just Brand. Trump has a real problem with all “losers”: I would like to wish everyone, including all haters and losers (of which, sadly, there are many) a truly happy and enjoyable Memorial Day!— Donald J. Trump (@realDonaldTrump) May 24, 2015 On Twitter My twitter has become so powerful that I can actually make my enemies tell the truth.— Donald J. Trump (@realDonaldTrump) October 17, 2012  last_img read more

Kazakhstan is a long way off the high rise life in China, but the Silk Road could take it in that direction

first_img Show Comments ▼ whatsapp Thousands of years ago on the ancient Silk Road, horses were to Kazakhstan what silk was to China— prime commodity. Chinese traders would traverse the Tian Shan mountains of eastern Kazakhstan, caravans loaded with silk, their most valuable product. In exchange, Kazakh nomads would equip them with Central Asian horses, prized for their strength and stamina. These early exchanges gave Chinese merchants better transportation, allowing them to go further afield, eventually as far as Europe. In this month’s episode of CNN International’s newest series ‘The Silk Road: Past, Present, Future’, I discovered how today’s Kazakhstan is hoping to reclaim its historical position as a Silk Road transport and transit hub, the crossroads between east and west. On the modern trading route, trains are the new horses, and logistics centers the new way stations. Centuries ago, camels and caravans crossed miles and miles of sand dunes taking months to complete the journey from China to Europe.  Today it can be done in a few weeks thanks, for the most part, to Kazakhstan’s “iron silk road” initiative. Spread across vast expanses of open terrain, small townships in Kazakhstan are connected by one thing– train tracks. More than 17,000 kilometers of it. It’s easy to see why the railways are considered a lifeline for Kazakhs. The world’s longest rail journey from began earlier this year – an 8077 mile, 21-day trip from China across Kazakhstan, Russia, Belarus, Poland, Germany, France and finally Spain. It’s perhaps the most tangible example of what the 21st century Silk Road is and where it’s headed. When China’s capital moved east from Xian to Beijing in the 11th century, commerce on the ancient Silk Road declined. China focused on maritime navigation and trade from the east. That pivot eastwards continued in contemporary China with the majority of Chinese exports traveling from ports in Shenzhen and Shanghai, around the Strait of Malacca and India, through the Suez Canal to Europe and beyond.  However, as more and more of its manufacturers move inland, China is looking to develop trade from the west, following the tracks of the fabled Silk Road and once again making Xian the gateway to Europe. While shipping by sea takes about five weeks, the new Silk Road train can deliver goods from China to Europe in three weeks.  It’s more expensive than sea freight, but the shorter transit time often makes it worthwhile for multi-national companies dependent on global trade. Railway officials in Kazakhstan told me the goal now is to optimize the inland route and reduce costs so the new Silk Road becomes even more viable for businesses. Kazakhstan’s biggest dry port and logistics center has been built in Khorgos, a massive Free Trade Zone in the middle of a desert bordering China. Officials say it’s the last step for the revival of the new Silk Road. Every day some two or three freight trains arrive from China at the area’s main train station—Altyncol. Chinese trains can’t pass through Kazakhstan without stopping here, because they have different track widths. So freight has to be unloaded from Chinese containers and then reloaded on to Kazakh trains.  The whole process only takes four hours. Until a few years ago, nearly all the freight transiting through Kazakhstan was Russian, but last year alone Altyncol handled nearly two million tons of Chinese cargo. Officials expect it to more than double this year. The potential is obvious. And as one railway official told me, it’s not just about building a stronger economy in a post-Soviet era. The aim is to spread the wealth and bring development to more remote parts of the country. Kazakhstan has some of the largest oilfields in the world, but as in many oil dependent economies, wealth is not evenly distributed when other industries aren’t developed. I saw that development for myself in Khorgos where the new inland port is bringing employment and an entirely new town has been built, complete with sports complexes, shops and even a local discotheque. It’s a long way off the shiny high rises the Chinese have set up across the border in their own version of Khorgos. But still, it gives you a sense of the direction Kazakhstan wants to take. Tags: Expert Voices Catherine Neilan Kazakhstan is a long way off the high rise life in China, but the Silk Road could take it in that direction Wednesday 29 July 2015 10:21 am whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Funzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory last_img read more

Greek government to flog operating rights for 14 airports to Germany’s Fraport

first_img Show Comments ▼ whatsapp Greek government to flog operating rights for 14 airports to Germany’s Fraport It looks like Greece is about to make a start on that tough privatisation schedule it’s agreed to. The government has resumed talks with German operator Fraport over the right to run 14 regional airports.A spokesperson for Fraport told City A.M. previous discussions, which took place during 2014, would recommence.  “The government [of Greece] has indicated its intent,” he added.Reuters reported that a Greek government official had confirmed the deal, thought to be worth €1.2bn (£845m).The original talks took place last year, although were called into doubt when Prime Minister Alexis Tsipras’ far left Syriza Party took power at the beginning of this year. However, in May it was reported that the government was keen to conclude the discussions “immediately”. This time round, Tsipras is under more pressure, after Greece signed up to a tough set of reforms in exchange for a bailout worth €86bn. The deal, which was voted through by the Greek parliament after a marathon all-night debate on Friday morning, includes tough privatisation measures.  whatsapp Sharecenter_img Emma Haslett Tuesday 18 August 2015 4:47 pm More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org 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 VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunGameday 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.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It Wise Tags: Greek debt crisislast_img read more

UK housing market: Remortgaging spurred on by Bank of England interest rate hike threat

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Express KCS Tags: Bank of England UK house prices UK inflation UK interest rates by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsUndo whatsapp UK housing market: Remortgaging spurred on by Bank of England interest rate hike threat Show Comments ▼center_img whatsapp Share Wednesday 26 August 2015 9:24 pm Remortgaging has surged as the prospect of an interest rate rise leads homeowners to lock in better deals.The number of people switching to lower rates was 29 per cent higher in July than in the some month last year, figures released yesterday by the British Bankers’ Association (BBA) showed. “Savvy homeowners are snapping up competitive deals before an expected increase in interest rates,” said Richard Woolhouse, chief economist at the BBA.The Bank of England was expected to lift rates off their record lows around March next year, but this is now not expected until next summer as cheap commodities weigh on inflation. Intense competition between lenders has also helped drive down borrowing costs.“A fear of rising interest rates isn’t the only factor that can push remortgaging levels upwards. A positive combination of wage growth, low inflation and healthy house price growth is contributing to a mix of economic good news which is supporting the remortgage sector,” said Richard Sexton, director of e.surv chartered surveyors.“Many homeowners now have a much stronger financial footing. They are re-assessing their finances and switching to better rates while they can. At the moment, a wide array of record low deals remain, despite some initial withdrawals, and it is these that homeowners are tapping into.”Jody Baker, head of money at comparethemarket.com said: “It appears that rumours of an early interest rate rise have helped intensify mortgage lending in a significant way. “Our site has seen a 23 per cent spike in remortgage queries in July, as people rush to secure the best deals they can before possible rate rises kick in. Furthermore, there are early signs that the property market is starting to heat up again.” last_img read more

Lord Mayor tours London firms on City Giving Day

first_img whatsapp More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Show Comments ▼ Express KCS Thursday 1 October 2015 5:32 am Shoes were shined, ties were straightened, balloons were inflated and cakes were freshly baked for the arrival of Lord Mayor Alan Yarrow at dozens of the Square Mile’s banks and financial institutions to mark City Giving Day, where he saw first-hand what they do to give back to society. Joined by company leaders from UBS, Barclays, Linklaters and many more, as well as volunteers from the many charities these companies support, Yarrow did the rounds at a number of local receptions and offices, where each of the nine firms introduced the London initiatives they work with; from microbreweries funded by Mencap to charities that prepare young londoners for life in the fashion industry . Of course, Yarrow’s favourite pit-stop was City A.M.’s offices, where the Lord Mayor helped himself to a few treats at a bake sale in aid of cancer support charity Maggie’s. Lord Mayor Alan Yarrow said: “Wonderful work goes on in the City of London. But too often, it is drowned out by the bad behaviour of the few – bad behaviour that has stained the Square Mile. The idea of City Giving Day is to redress that balance and promote the activities that firms do to help people across London. “If we can get people to talk more loudly about what they’re doing for good causes, then maybe more people will get involved. We should take pride in all that this City stands for.” Of course, it wouldn’t be a real City do without an after party. Yarrow finished the day by presenting the awards at the Lord Mayor’s Dragon Awards, celebrating more good work in the Square Mile, at Mansion House. Happy City Giving Day, everyone!  BIG BUSINESS AND CORBYNITES BOTH GET DIVERSITY AWARDSAt last, hard-left activists and London’s biggest corporations have found something they can bond over – inclusion in the workplace. Bosses from big businesses rubbed shoulders with an eclectic crowd last night at the European Diversity Awards, as they battled it out for brownie points for working towards stamping out inequality in the workplace, with many City big-wigs getting gongs for their commitment to improving their firm’s diversity. Fiona Cannon, director of diversity and inclusion at Lloyds Banking Group, was named Diversity Champion of the Year for campaigning for a wider range of employees from all back­grounds, while a top award was also handed to Corbynite journalist Owen Jones at the prestigious event in London’s Natural History museum. Over 600 guests attended the event, presented by TV personality and former Pop Idol presenter Nicki Chapman. PwC scooped the Most Inclusive Employer accolade, while HSBC, picked up the Diversity Team of the Year award. Perhaps there is some common ground to be found between Capitalists and Corbynistas after all.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBall Share Lord Mayor tours London firms on City Giving Day last_img read more

News / Pilot shortage threatens regional air cargo links, carrier association warns

first_img© Monika Wisniewska Regional freighter flights, including spokes connecting small communities to integrator hubs, are at risk from the worsening pilot shortage in the US, the Regional Air Cargo Carrier Association (RACCA) has warned. The lack of flight crews has been seriously aggravated by the introduction of new requirements for commercial airline pilots in 2013, which jacked up the minimum flight hours required six-fold from previously 250 to 1,500 hours, said RACCA president Stan Bernstein.“We have a serious crisis going on in our industry,” said RACCA chairman and Empire Airlines CEO Tim Komberec. “There’s much debate about the pilot shortage in the United States and in the world, but there is absolutely no doubt that at our level where we perform, where we recruit pilots from and where we are on the food chain, we have an extremely serious problem and it has taken on crisis proportions.”In February the plight of regional passenger airline company Republic Airways shone a glaring light on the issue. Republic, one of the largest regional operators in North America, filed for bankruptcy protection and blamed its predicament largely on a shortage of flight crews that forced it to ground aircraft.To date no regional freighter operator has gone to the wall because of the pilot shortage, and for the most part they have managed to operate their planes, but the situation is getting serious, according to Mr Bernstein.“We are just beginning to cancel flights,” he said. “Carriers no longer have reserve crews available.”He added that the outlook is grim, with no solution in sight. “There is no one in the pipeline. The costs of becoming a pilot are too high, the barriers to entry are too high.”Traditionally young pilots have joined regional carriers after graduation from flight school as the first rung of a career ladder in commercial aviation. However, this avenue has been effectively blocked by the change in minimum flying hours. The entry requirements were changed in response to the fatal crash of a regional passenger plane on the approach to Buffalo in February 2009.The new regime has been roundly criticised by commercial airlines, flight schools and industry organisation, as it opens up a huge chasm for aspiring pilots.“Many pilots graduate with 250 to 400 flying hours under their belt. There is no logical route to 1,500 hours,” said Mr Bernstein.RACCA has championed a proposal to allow young pilots to accrue flight hours on the right side of the cockpit, logging hours  as second-in-command pilots in on-demand operations otherwise authorized to operate with a single pilot. This would be more relevant than towing banners, Mr Bernstein said.The irony for regional carriers is that there is ample demand out there, and the rise in e-commerce promises further growth on that side – which translates into a lost opportunity for cargo carriers.“We are not experiencing any problems in our network at UPS,” a spokesman for UPS Airlines commented. “Because UPS pilots are among the best compensated in commercial aviation, and because of our stability in the volatile aviation industry, UPS is able to attract and retain a strong, experienced group of skilled pilots.”The majority of carriers are less well insulated.“Everybody is experiencing it, including UPS, FedEx and DHL,” said Mr Bernstein. “They themselves have no trouble getting pilots, but the regional carriers that fly for them are hit by this.”As they are at the bottom rung of the ladder, regional cargo carriers bear the brunt of the situation. “The second pilots obtain 1,500 hours they are off to American Eagle and other regionals that fly for the large mainline carriers. American Eagle just introduced a $15,000 sign-on bonus,” noted Mr Bernstein.This means that regionals not only cannot take advantage of demand, they face shrinkage down the road as more affluent, larger carriers poach their pilots. Ultimately this will affect the air transport network in the US, RACCA argues.“Millions of Americans are not going to get their online purchases delivered to their front door if the situation does not improve,” said Mr Bernstein. “The issue also has an immediate impact on manufacturing as well as medical testing and devices which our members have as part of their mission.”How grave the situation is going to be hinges on the outlook for the commercial airline industry in the US altogether. “It’s difficult to predict how many small communities may lose air cargo service,” said Mr Bernstein. “We live by what the mainline carriers do. If they expand, they raid more pilots from us.” By Ian Putzger 22/06/2016last_img read more