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Gloomy UK drags down economic confidence in the EU

first_imgTuesday 28 May 2019 12:57 pm Economic sentiment in the UK fell dramatically in May as confidence in the industry sector hit its lowest level in 11 months, according to figures from the European Commission.Read more: UK business confidence lowest since 2012, says BDO Read more: Eurozone sees weak growth in May amid stagnant demandHe added: “But it is not enough to fully reverse its fall in April, and does not change our view that economic growth probably dropped back to around 0.2 per cent quarter on quarter in the second quarter.” Harry Robertson Tags: Trading Archive British gloom held down sentiment in the European Union as a whole, with the Commission’s economic sentiment indicator (ESI) remaining broadly stable in May at 103.8. A score of over 100 is above the long-term average.The Eurozone’s score of 105.1 in May marked the first rise in sentiment for the currency area in 11 months, which had fallen from 111.8 in June 2018 to 103.9 in April in the Commission’s monthly surveys.Europe’s economies have struggled in recent months amid a raging US-China trade war, ongoing Brexit negotiations, and a slowdown in Germany, the continent’s biggest economy.Britain registered a sentiment score of 94.5 in May, below the long term average and 4.8 points lower than April’s figure.Confidence fell in each one of Britain’s industry, services, consumer, retail trade and construction sectors as uncertainty over the country’s final relationship with the EU continues to loom large. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com Things were markedly different in the euro area, where economic sentiment in France rose by four points to 104.8, boosted by a growth in optimism in industry and services businesses polled by the Commission.Andrew Kenningham, chief Europe economist at Capital Economics, noted that “consumer confidence also rose and has now recovered to pre-gilet jaunes levels,” referencing the so-called yellow vest protests that rocked French cities from November 2018.In the Eurozone, industry confidence saw the first solid improvement in thirteen months, as managers expected to see a considerable rise in production.However, it appeared that managers thought domestic demand would drive production as they reported the biggest decline in export order books in over six years.Kenningham said: “The small increase in the Eurozone’s economic sentiment indicator is a welcome bit of good news.”center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGem whatsapp Gloomy UK drags down economic confidence in the EU Sharelast_img read more

Seeing London’s blind community in a new light

first_img whatsapp Opinion Over the past 10 years, employment rates for this group have dropped from 33 to 26 per cent — and just 10 per cent for those with no sight at all.  Alan PickeringAlan Pickering CBE is President of BESTrustees and a Trustee of a number of pension schemes. These include The Plumbing Industry Pension Scheme which he chairs and the People’s Pension. When you’re blind, getting around takes planning, care, and the kindness of strangers. All kinds of unexpected things become hazards, like street furniture and shared public spaces. For example, electric cars are good for the environment, but they’re silent killers if you’re blind.  Consider, for example, what happened with my first job, at British Rail, where new recruits — whether or not they wanted to be a train driver — went through a sight test. I failed, of course. They gave me a job, but said I’d never get a promotion.  Share (Photo by Catherine Ivill/Getty Images) Alan Pickering is president of BESTrustees. For more details visit visionfoundation.org.uk. For most of the 200,000 blind and partially-sighted people who live here, a shift in the attitudes of both the public and employers would make the biggest difference to their lives.   This is why I am proud to be a supporter of the Vision Foundation, which works to make London accessible for everyone with sight loss and to reduce preventable blindness. They recently reported that 40,000 blind or partially-sighted Londoners of working age are unemployed in our capital. That’s equivalent to 500 London buses’ worth of wasted potential.  And while London’s multi-modal public transport system is wonderful and TfL staff are great, fellow passengers are sometimes less so. I realise that I’m one of the lucky few, by which I mean blind and partially-sighted Londoners who have a job. Doubly lucky because it’s a job that I love. But of course, it’s not the same for everyone. Monday 20 January 2020 4:28 am We’re living in a tight labour market right now. Recruitment is already a challenge for businesses, and it is likely to get even more so in these uncertain times. If ever there was a time to be focusing on what can be done to bring greater diversity to the workplace, that time is now. This is a heartfelt plea from me and the Vision Foundation, asking employers to consider how their businesses can benefit from the unused human capital in our capital.  I was partially sighted when I arrived in London. My sight continued to deteriorate, and by 30 I was blind. However, I have been able to enjoy an endlessly fascinating career and the many things that this great city has to offer. center_img This is something that the Vision Foundation is committed to changing, and I’m proud to add my voice to their call to start seeing the potential of this workforce in waiting. Show Comments ▼ There is also a very positive side to employing someone who has a disability. Positivity is infectious, and that’s good for business. Entry tests are different nowadays, but a disabled person still has to break down barriers before they can begin to prove their value.  And to all my fellow Londoners: let’s start seeing blind and partially-sighted people in a new light.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime Sometimes, what someone can’t do is more obvious to a prospective employer than their inherent attributes. But if you give someone with a visual impairment a chance and trust them, they’ll move heaven and earth to be successful — to prove that they can overcome their particular challenge.  whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 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.com Main image credit: Getty London is a wonderful place to live and work. I meant to stay for just two years when I first came here in 1972 from my Yorkshire home. Today, 47 years later, I’m a true Londoner — though still a Yorkshireman at heart.  I can see clearly how to help London’s blind community Tags: Workplace equalitylast_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

News / Spot rates ease – but it could be too little, too late for some

first_img By Mike Wackett 22/01/2021 Container spot rates have peaked and appear to be declining slightly on the main tradelanes, albeit from record high levels.But it could be too little and too late to save some businesses.“Carriers have started to extend rates into mid-February, and prepaid space seems to be available at the Chinese main ports,” said Christoph Baumeister, senior trade manager, Asia-Europe, at Flexport.Today’s Shanghai Containerised Freight Index (SCFI) recorded the first decrease in its composite index for more than three months, tracking down 16 points to 2,869.Nevertheless, the index remains 190% higher than for the same week of last year, reflecting considerable gains in components over the past six months.Spot rates to North Europe edged down $19, to $4,394 per teu, with carriers said to be adopting a “wait-and-see attitude to pricing”, while spot rates from Asia to the Mediterranean were flat this week, at $4,296 per teu, some 260% higher than a year ago.However, shippers reported to The Loadstar that rates being quoted by carriers from Asia to North Europe were significantly higher – that’s if the carriers are even prepared to make an offer for shipments to the UK.Lars Jensen, of SeaIntelligence, said: “It should be kept in mind that the SCFI measures ocean rates and therefore neither captures landside fees, such as equipment surcharges, or any possible effect of shippers not being able to load on contract volumes.”The damage to trade of the huge sudden increases in transport costs from Asia may already be irreparable in some cases, if the feedback from shippers is a representation of the market.“Our products are manufactured in China and we have been severely affected by the price rises,” a lighting and home renovation retailer said in a typical email to The Loadstar this week.Meanwhile, on the transpacific, the SCFI recorded the first fall of the year for spot rates from Asia to the US. Rates for the west coast declined by $59. to $3,995 per 40ft, while for the east coast, they fell $50 to $4,750.But, added Freightos’s research lead, Judah Levine: “The actual cost to secure space can be thousands more in premiums and surcharges.“These costs are being buoyed by the sustained demand for ocean freight that is causing port congestion and delays, which in turn is exacerbating the shortage of empty containers in high demand back at Asian origin ports.”Carrier HMM this week warned its North American customers that terminal congestion at the Los Angeles/Long Beach port complex was “worsening, with some terminals at or above capacity”.Maersk said the daily number of vessels waiting to berth there was between 30 and 35 ships. It said: “Average waiting times for berthing have increased to 10-14 days,” said Maersk, adding that yard utilisation at the Los Angeles APM Terminals’ Pier 400 had increased to 95%.“We see no immediate reprieve from the gridlock,” said Washington state-based consultant Jon Monroe. Photo 156935029 © Trekandshoot – Dreamstime.comlast_img read more

Genealogist Barbara Rae-Venter helped crack the Golden State Killer case. And yes, that last name is familiar

first_imgBiotech Genealogist Barbara Rae-Venter helped crack the Golden State Killer case. And yes, that last name is familiar STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What’s included? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Joseph James DeAngelo, the man investigators have accused of being the infamous Golden State Killer. ELIJAH NOUVELAGE/AFP/Getty Images Tags genetics What is it? By Rebecca Robbins Aug. 28, 2018 Reprints SAN FRANCISCO — Barbara Rae-Venter is pioneering a new, high-stakes application of genomics — one that could put killers behind bars. Half a lifetime ago, she was married to the man who went on to become perhaps the best-known pioneer of the field.The retired patent attorney and genetic genealogist offered California investigators crucial guidance that helped crack the Golden State Killer case, according to the San Jose Mercury News. GET STARTED Log In | Learn More last_img read more

Time for Fine Gael TDs to stand up for rural Ireland, says Renua

first_img Twitter WhatsApp TAGSNational Planning FrameworkRenua Ireland Council Renua Ireland Leader, John Leahy, Margaret Culleton, Mountmellick, John Waters and Renua Chairman, Michael O Dowd at the Party’s annual conference in Tullamore recently Renua Ireland has warned Fine Gael TDs that it is time for them to stand up for rural Ireland and ensure the current National Planning Framework is dumped.Responding to the latest set of leaks by ‘furious’ FG TDs, Renua had this to say:“We have heard talk for years of rural uprisings and how Fine Gael ministers are divided over the anti-rural direction of Fine Gael.“These uprisings, frankly, are as convincing as Donald Trump’s policies on climate change.“Rural Affairs Minister Michael Ring and Business Minister Heather Humphreys face a serious responsibility to defend Rural Ireland. Sulks, crocodile tears and saying you are not happy is not enough.“The time has gone where we are impressed by mythical rows behind closed doors.“It is time for FG TDs, when it comes to the latest attack by indifference, to walk the walk rather than just talk the talk.“So far, the main contribution of the token ‘Minister for the West’ Mr Ring has consisted of a foreword to the National Planning Framework. Laois County Council team up with top chef for online demonstration on tips for reducing food waste Rugby Time for Fine Gael TDs to stand up for rural Ireland, says Renua Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad Facebook Twittercenter_img Previous articlePP calls for former Portlaoise primary school to be demolished as vandalism growsNext articleLooking to learn more about Excel? Then this course in Portlaoise is for you Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Pinterest Facebook Home News Time for Fine Gael TDs to stand up for rural Ireland, says… NewsPolitics WhatsApp RELATED ARTICLESMORE FROM AUTHOR “It is time for rural FG TDs to make a clear stand, put the party Whip on the line and seize their – or rather our country – back.”SEE ALSO – PP calls for former Portlaoise primary school to be demolished as vandalism grows Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining By Steven Miller – 14th February 2018 Community last_img read more

Your guide to Laois’s Round 2 Joe McDonagh Cup clash v Antrim

first_img Here are all of Wednesday’s Laois GAA results WhatsApp By Siun Lennon – 18th May 2019 GAA Pinterest Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Home Sport GAA Your guide to Laois’s Round 2 Joe McDonagh Cup clash v Antrim SportGAAHurlingLaois SHC Twitter Twitter Facebook Previous articleYour guide to the Laois minor footballers defining Leinster championship clash v LongfordNext articleWATCH: Parkinson rolls back the years as Laois Masters claim first win Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. WhatsAppcenter_img Laois take on Antrim in Round 2 of the Joe McDonagh Cup in O’Moore Park at 3pm today, Saturday May 18.Both sides come into the game with a win behind them, with Laois defeating Offaly and Antrim seeing off Kerry in their opening games last weekend.Here we guide you through what you need to know ahead of the game: Your guide to Laois’s Round 2 Joe McDonagh Cup clash v Antrim Pinterest Facebook GAA TAGSJoe McDonagh CupLaois HurlersLaois senior hurlersLaois v Antrim GAA Team newsLaois manager Eddie Brennan has announced no changes to the starting 15 following the victory over Offaly last weekend.Donnacha Hartnett, Matthew Whelan and Joe Phelan all make up the full-back line, with Hartnett and Phelan switching numbers 2 and 4, respectively.The same switch occurs on the half-back line, with Padraig Delaney and Lee Cleere swapping numbers 5 and 7.John Lennon and Jack Kelly are down to start in midfield while the forwards line out as before.LAOIS: Enda Rowland (St Lazerian’s Abbeyleix); Donnacha Hartnett (Mountmellick), Matthew Whelan (Borris-Kilcotton), Joe Phelan (Camross); Padraig Delaney (The Harps), Ryan Mullaney (Castletown), Lee Cleere (Clough-Ballacolla); John Lennon (Rosenallis), Jack Kelly (Rathdowney-Errill); Cha Dwyer (Ballinakill), Willie Dunphy (Clough-Ballacolla), Paddy Purcell (Rathdowney-Errill); Mark Kavanagh (Rathdowney-Errill), Eanna Lyons (Ballyfin), Ross King (Rathdowney-Errill)ANTRIM: Ryan Elliott; Stephen Rooney, John Dillon, Phelim Duffin; Paddy Burke, Conor Boyd, Matthew Donnelly; Neil McManus, Nicky McKeague; James McNaughton, Ryan McCambridge, Keelan Molloy; Ciaran Clarke, Conor McCann, Eoin O’Neill.What have Antrim been like in the last couple of seasons?Antrim powered to a suprisingly high-victory over Kerry last weekend. Defeating the visitors by 3-19 to 14 points, Ciaran Clarke, Nicky McKeague and Nigel Elliott all raised the green flag for the Saffrons.Last year Antrim finished as the second-last team in the Joe McDonagh Cup. They defeated the winners of the 2018 Christy Ring Cup winners, Kildare, to retain their place in the Joe McDonagh Cup for 2019.They recorded wins over Meath and Carlow in the round robin stage while losing to Laois, Westmeath and Kerry.Despite finishing second-last, midfielder and freetaker Neil McManus was the competition’s top scorer with 3-67. McManus was also the top scorer in a single Joe McDonagh Cup game in 2018, registering 17 points against Kerry.The bottom team after the round robin games, Meath, were relegated to the 2019 Christy Ring Cup.What’s Laois’s recent history like against Antrim?Laois managed to ground out a one point win over Antrim to give their Joe McDonagh Cup hopes a lifeline in May last year.Laois were reduced to 14 men – and despite leading by five points as they entered second half injury time, they just held on to win by one in the end.Enda Rowland made brilliant saves in the goals while captain Ross King ended the game with 11 points.Laois started the day bottom of the table with Antrim top but that win, and one over Meath, did enough to keep the senior hurlers from avoiding a relegation battle.In last year’s league, Laois hurlers saw off Antrim to maintain Division 1B status for 2019.Who’s the referee?The man in the middle for this game is Patrick Murphy from Carlow. Murphy acted as sideline official in last year’s All-Ireland senior hurling final.What other Joe McDonagh Cup game is on this weekend?The other Joe McDonagh Cup taking place this weekend is between Westmeath and Offaly in TEG Cusack Park, Mullingar, at 3pm.What are the odds on the game? Laois are hot favourites for a win at 1/2 while Antrim’s odds are 15/8. Odds of a draw are 9/1.How much is it to get in?Adults are €10 and students are €5 while OAPs and U16s go free.Where can I follow the game?We’ll be live-blogging the game on LaoisToday.ie so you won’t miss a puck of the ball.SEE ALSO – Women in Sport: All-Ireland club camogie winner and Laois stalwart Louise Mahony 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin RELATED ARTICLESMORE FROM AUTHORlast_img read more

What explains the recent rise in the cost of goods in…

first_img Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] News US dollar and Chinese reminbi plummet against North Korean won once again After North Korea conducted its sixth ever nuclear weapons test on September 3, gasoline prices jumped. Prices for daily necessities and grains followed suit shortly. Until recently, prices for such goods in North Korea remained relatively stable despite consecutive rounds of strong international sanctions targeting the North. But now the international community’s actions have started to have an effect, stoking anxiety among the residents about the potential for ever climbing prices.    This upsurge in prices began to occur before the United Nations unanimously passed its latest round of sanctions. Security Council Resolution 2375 – which passed on September 11 – contains some of the strictest provisions yet, including a ban on importing North Korean textiles and a restriction of exports to North Korea to just 30% of current levels. However, since the cost of goods increased prior to the UN’s adoption of 2375, analysts are wondering what lies behind the jump.  According to inside sources, the cost of one kilogram of rice was about KPW 5,800 at the end of last month in Pyongyang, South Pyongan Province Sinuiju City, and Ryanggang Province Hyesan City. On September 5th, the prices passed the KPW 6,000 mark and have continued to slowly rise. After the North’s nuclear test, gasoline prices rose sharply around the country. Rice and other grains followed suit in due course.   Insiders located in the border regions near China – which have long served as hubs of trade and smuggling – are also sensing the climbing prices. A source from Ryanggang Province explained to Daily NK on September 11, “When we heard about economic sanctions in the past, there were merely slight increases in the cost of rice, but now we are seeing a different kind of effect.”  News She continued, “Even though we are currently at the height of the corn harvest season, corn is nonetheless selling for KPW 2,700 per kilogram, [it sold for just KPW 1,900 per kg at the end of August]. Merchants haven’t been overly concerned until now, but now that we see corn prices increasing during the harvest season, it seems clear that the economic situation will continue to deteriorate.”  Witnessing the cost of diesel and gasoline spike upwards, some merchants have predicted that this will cause the price of other products to raise as well, and have therefore responded by reducing the number of products available for sale. By doing so, they hope to be able to sell at a higher price later. This reduced supply, in turn, has itself pushed prices up. Also, as reports and rumors from the outside world penetrate further into North Korea, more and more people are coming to realize that North Korea’s closest friends, especially China, are meaningfully participating in the sanctions. This information also helps to push prices up.   A poor yield of corn this year is also playing a role. Severe droughts in the spring have hurt bottom line harvests of grains such as corn. North Korean traders are doing their utmost to maintain contact with the outside world so they can ascertain information about how the international situation will affect their livelihood. The source explained, “Residents who trade with Chinese merchants are trembling with fear because they are worried that the goods they deal in will become restricted or the prices will rise.” The residents are especially concerned because prices are rising for both food products and other daily necessities. In a telephone call with Daily NK on September 10, a source from Kangwon Province said, “Spring water was selling for KPW 500-600, but it’s risen by about KPW 500. At this time of year, a portion of tofu on the expensive end would sell for KPW 1,100, but now it’s going for KPW 1,300.”  It is also possible that the gasoline price rise is partially due to an effort by the authorities to restrict supply in order to ration. Kim Jong Un, sensing an impending reduction in trade and gasoline supply, might have begun to store up food and oil in military and private warehouses–behavior that would certainly block up market-based distribution networks. RELATED ARTICLESMORE FROM AUTHOR By Kang Mi Jin – 2017.09.19 3:07pm Merchants in North Korea’s Najin Market deal in Chinese currency (yuan or RMB). Image: Daily NK. center_img News SHARE North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy What explains the recent rise in the cost of goods in North Korea? Facebook Twitter Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more

ODPEM to get new Building

first_imgFacebookTwitterWhatsAppEmail Minister of State in the Office of the Prime Minister, with responsibility for local government reform, Robert Montague has informed that there are plans to construct a new building for the Office of Disaster Preparedness and Emergency Management (ODPEM)“You cannot have a disaster response agency that the first thing they worry about is if the headquarters is going to keep standing during a disaster,” he said.The State Minister was speaking at a media round table on local government reform, held yesterday (March 6), at the Department of Local Government on Hagley Park Road. He also noted that Jamaicans need to be informed that ODPEM does not only respond to hurricanes, but they also respond to natural disasters, such as fires and earthquakes. “We need to begin to lift that discussion across the country. So therefore, we are going to go back to the whole question of community response, zone committees, parish committees,” Mr. Montague said. The State Minister said there are also plans to upgrade the nation’s infirmaries and to utilize alternative sources of energy, “so as to reduce the cost of operating a lot of our infirmaries.” Mr. Montague pointed out that these infirmaries would be fenced, in order to make them more secure. RelatedODPEM to get new Building RelatedODPEM to get new Building ODPEM to get new Building UncategorizedMarch 7, 2008center_img RelatedODPEM to get new Building Advertisementslast_img read more

Government releases exposure draft legislation to reduce tax burden on granny flat arrangements and employer-provided retraining

first_imgGovernment releases exposure draft legislation to reduce tax burden on granny flat arrangements and employer-provided retraining Australian TreasuryThe Government has today released draft legislation to give effect to two measures announced in the 2020‑21 Budget.On 5 October 2020, the Government announced a targeted capital gains tax (CGT) exemption for granny flat arrangements where there is a formal written agreement in place.Tax consequences can be a key impediment to families creating formal and legally enforceable granny flat arrangements. When faced with a potentially significant CGT liability, families may opt for informal arrangements which can leave open the risk of financial abuse and exploitation.Under the measure, CGT will not apply to the creation, variation or termination of a formal written granny flat arrangement providing accommodation for older Australians or people with disabilities.The Exposure Draft Bill and Explanatory Memorandum for this measure is available on the Treasury website.On 2 October 2020, the Government announced a targeted fringe benefits tax (FBT) exemption for employer-provided retraining and reskilling benefits for redundant (or soon to be redundant) employees where the benefits provided enable the employee to gain new employment.FBT is generally payable when an employer provides education or training to redundant employees if the benefits provided do not have sufficient connection to their current employment. This measure will provide an FBT exemption to employers for retraining and reskilling benefits, incentivising employers to retrain redundant employees so they are better prepared to transition to their next career.The Exposure Draft Bill and Explanatory Memorandum for this measure is available on the Treasury websiteSubmissions for both measures will be accepted between 16 April 2021 and 29 April 2021. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:abuse, agreement, AusPol, Australia, Australian Treasury, career, education, Effect, Employees, employment, exposure, Government, legislation, tax, websitelast_img read more