China says it has ‘no choice’ but to retaliate to new wave of US tariffs

first_img China says it has ‘no choice’ but to retaliate to new wave of US tariffs Alexandra Rogers China today said it has “no choice” but to retaliate to against America’s decision to levy 10 per cent tariffs on $200bn (£150bn) worth of Chinese goods.The commerce industry said in a statement to Reuters that China would respond to the US action “to protect its legitimate rights and interests and order in international free trade”. whatsapp Tuesday 18 September 2018 9:41 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Share Read more: Tech stocks hit as Trump mulls fresh $200bn tariffs on China”China is left with no choice but to retaliate simultaneously,” it added, without specifying how it would respond. It said it hoped the US would “recognise the negative consequences of its actions, and take convincing steps to correct its behaviour in a timely manner”.US president Donald Trump also threatened to hit China with tariffs on another $267bn worth of products if China retaliates.So far the tariffs will apply to around 6,000 items. They include handbags, rice and textiles.Hussein Sayed, chief market strategist at FXTM, said markets such expect to see more “aggressive monetary and fiscal action” to dilute the effects of the trade war.  whatsapp “There’s no doubt that China’s economy will begin feeling the pain given that the US duties now cover almost half of its imports,” he said. “However, it remains unclear to what extent the US economy will be hurt with these tariffs, but definitely corporate and consumer bills will be on the rise in the coming months.”He said the impact on financial markets was “muted” as Trump’s announcement may have been priced in.”While China cannot match the US tariffs dollar for dollar given the huge trade imbalance, it still has other weapons it could use, including boycotting US products, increasing taxes on earnings of US companies in China, refusing to grant approvals for M&A involving US businesses, and reduce its US debt holdings,” he added.”Chinese officials have also threatened to walk away from the negotiating table, as they seem to be betting on Republicans losing the midterm elections in November. Investors should be prepared for more short-term downside risks across equity markets given all these uncertainties.”Read more: China: We will not bow to US trade tariff demands last_img read more

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Election 2019: Boris Johnson raises red flag over Heathrow and HS2

first_imgNow environment minister, Goldsmith is widely expected to lose this week to Liberal Democrat candidate Sarah Olney. Election 2019: Boris Johnson raises red flag over Heathrow and HS2 The Prime Minister, who broke off from campaigning in the north of England to speak to LBC radio, said that while he wasn’t “temperamentally hostile” to big infrastructure projects, he had concerns about both of them. He put the budget for the project at £100bn – far above current estimates. Read more: Former Ofcom boss to advise on Heathrow terminal monopoly probe “We remain focused on delivering this major piece of privately-funded infrastructure responsibly and sustainably to keep the UK and London competitive on the global stage” Monday 9 December 2019 8:49 am Challenged on this disparity, Johnson said: “I think it will probably come in somewhat north of £100bn. You’re right it’s currently budgeted at £88bn – that is an awful lot of money.” A Heathrow spokesperson said: “A vast majority of MPs, unions and business support Heathrow expansion as it will provide an economic boost up and down the country, with strict and legally binding environmental targets attached – including on noise, air quality and carbon emissions. Johnson was foreign secretary at the time an independent review backed Heathrow over Gatwick or other alternatives and failed to resign, although he was conspicuously absent from a Commons vote on the matter. Asked about HS2, Johnson also appeared to signal reluctance to press ahead with the high speed rail link between London and Birmingham. whatsapp This morning he said there was still “some substantial doubt as to how promoters would honour pledges on air quality and noise pollution”. As a result it was “sensible” to ask how the money was being spent, he added. “It might be technically difficult to do,” he added. Read more: Heathrow Airport to be penalised if expansion goes over budget Both projects have been controversial, particularly for local residents. Chelsea & Fulham MP Greg Hands resigned his ministerial role in order to vote against the government in 2018, while Richmond Park’s Zac Goldsmith resigned as a Conservative to run as an independent MP over the matter. “We’ve got a review going on to look at whether the money could be better spent. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistBetterBe20 Stunning Female AthletesBetterBePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory Share Main image: Getty British Chambers of Commerce director of policy Mike Spicer added: “Transforming the UK’s transport infrastructure would be a major investment in the future success of our economy. The next government must progress these crucial projects as early as possible in the next parliament. ” Johnson, who famously said he would lie down in front of bulldozers to prevent a third runway being built at Heathrow, told Nick Ferrari he “would have to find some way of honouring that promise”. A CBI spokesperson said: “Unlocking UK competitiveness is essential no matter who forms the next government, starting by addressing day-to-day concerns including unreformed business rates, fixing the broken apprenticeship levy and completing vital infrastructure projects including HS2 and Heathrow.” Boris Johnson appeared to raise a red flag over major infrastructure projects including the expansion of Heathrow and HS2. “That’s not to say I am temperamentally hostile to big infrastructure projects. But the issue is we’re a new administration. If you come in and there’s a project of north of £100bn probably, you have to ask yourself, it’s only responsible to the taxpayer to ask whether it’s being sensibly spent and that funding is being prioritised right.” whatsapp Catherine Neilan Tags: General election 2019 More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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Petersburg sets aside differences for 13-year-old battling cancer

first_imgCommunity | Health | SoutheastPetersburg sets aside differences for 13-year-old battling cancerFebruary 18, 2021 by Angela Denning, KFSK – Petersburg Share:13-year-old Joseph Tagaban of Petersburg is receiving cancer treatment for acute myeloid leukemia (AML) at the Seattle Children’s Hospital. (Photo courtesy of the Tagaban family)The town of Petersburg is like many in Alaska these days, finding its residents split on different issues — whether it’s the coronavirus or politics.But the Southeast community has come together this year for a single cause: raising tens of thousands of dollars for a 13-year-old boy fighting cancer a thousand miles away, in a cancer ward in Seattle.Audio Playerhttps://media.ktoo.org/wp-content/uploads/2021/02/17JosephStrong.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Joseph Tagaban was always a healthy, active kid. He plays basketball and gets good grades in school. So when he noticed his gums swelling up right before Christmas, his family wasn’t too worried.“He’s really a good boy, he’s very respectful, very well-mannered, and such a strong kid,” said Je Tagaban, his mother.“A hard-working kid,” said his father Eddie Tagaban. “Normally he goes fishing, gillnetting with me in the summers.”But X-rays at his local dentist office showed something wrong.The family flew to Juneau to see an oral surgeon who found an infection. It took 18 days for pathology results — because of the holidays. The results showed Ewing sarcoma, a rare, but often curable, cancer. That meant a trip to Seattle Children’s Hospital for more tests. They learned it was really a rare form of leukemia, a cancer of the blood.“It is a kind that is very aggressive,” Je said from Seattle, speaking inside her son’s hospital room. “So they wouldn’t let us leave the hospital.”Je and her husband sleep in a nearby hotel, but spend most of their time with their son. He’s since been diagnosed with acute myeloid leukemia, also known as AML.Joseph says it’s been an ordeal.“It’s much harder than it looks,” he said.Joseph is like other Alaska kids. He grew up occasionally seeing commercials on TV of children with cancer who lost their hair. He knew cancer was awful but he didn’t know how much until now.“Taking the amount of medication … It really drains your energy and spirit,” he said. “I mean, it’s really hard compared to what you would think it would be.”Get well soon cards and banners cover his walls and gifts, like Lego kits from friends, are displayed nearby. It helps get him through the rough times like the rashes, fevers, nausea, lumbar punctures and bone marrow tests.“Especially the pain,” Joseph said. “Like extreme pain. It skyrockets sometimes and I just feel that it gets unbearable sometimes.”His parents put him in a clinical study for children, which is trying to prevent the recurrence of the cancer. The study allows him to receive a new drug that pinpoints a specific gene mutation.Je says the side effects from the treatments have been hard to bear.“It’s too hard to watch your child, with his age, he’s just too young to go through this,” she said.“You know, the last bout of pain he had in the middle of the night was terrible,” Eddie said. “Just seeing the pain in his face and you’re helpless… and trying to hold him.”The parents are doing what they can.When their son’s hair started falling out, Eddie shaved his own head in solidarity. About a half dozen of Joseph’s friends followed suit.13-year-old Joseph Tagaban of Petersburg is receiving cancer treatment for acute myeloid leukemia (AML) at the Seattle Children’s Hospital. Here he is with his father, Eddie Tagaban who shaved his head in solidarity. (Photo courtesy of the Tagaban family)“They FaceTimed on the phone and watched each other shave their heads, which was really cool,” said Eddie. “Those are some special buddies he has.”Overall, Joseph’s attitude has been positive and strong. Strong enough to earn him the title back home, “Joseph Strong.” It’s a logo you see on posters in shop windows and on t-shirts.“My mom even calls me a celebrity,” Joseph said with a laugh. “So… it’s a little overwhelming.”The family finds strength through prayer, their tight-knit Filipino family and support from their hometown in Alaska. Petersburg residents have helped raise close to $100,000 through events and soliciting donations. The elementary kids even had a bubblegum day where sales went to the family. Je says Joseph’s medical journey has brought people together who would ordinarily be divided by politics or isolated by the pandemic.“It’s not about just us, we’re fighting together for this, everybody’s helping,” Je said. “We’re taking this in a positive way. It brings community together.”It’s uncertain whether the cancer will go away forever, but the family is hoping for the best.There are several more rounds of chemo left, which will last more than a month. Joseph is able to walk the hallways when he’s feeling good. He says what he wants to do the most when he gets out is to hug his friends back home.Local banks in Petersburg have set up accounts for donations to the family. There is also a GoFundMe fundraiser online as well.Share this story:last_img read more

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Some of the Best Things to Do in L.A. This Weekend

first_imgArts & EventsThings to DoSome of the Best Things to Do in L.A. This WeekendJuneteenth celebrations, Father’s Day brunches, and moreBy Gwynedd Stuart – June 17, 20211132ShareEmailFacebookTwitterPinterestReddItIt’s official: after 15 months, Los Angeles is open—and that means there’s fun stuff to do all across the city. Still not ready for in-person partying? That’s cool. We’ve sprinkled in some virtual events too.RECONNECTING: A Vision of Unity by Kengo KitoThrough Sept. 6Japan House in Hollywood is back with an installation by artist Kengo Kito featuring 2,021 colorful plastic hula hoops. According to the venue, “the colorful structure will serve as a metaphor for the interconnectedness of all humanity.” [More info]Your Late Night Show Tonight Friday, June 18What We Do in the Shadows star Harvey Guillén hosts this edition of Your Late Night Show Tonight, which keeps things fresh by always having someone new at the helm. GLAAD award-winner Guillén will be grilling guest Doug Jones, who’s probably best known for his roles in a bunch of Guillermo Del Toro movies, and the band Glass Battles joins the fun as musical guest. The show starts at 7 p.m. [More info and tickets]Juneteenth Celebration and Resource FairFriday, June 18City council member Holly Mitchell hosts this pre-Juneteenth event at Earvin “Magic” Johnson Park (El Segundo Blvd. and Wadsworth Ave.), featuring food trucks, music, giveaways, plus on-site services like tenant protection, record expungement, and even free vaccines right there in the park. The event is free, but space is limited, so guests are asked to register in advance. [More info and registration]Crumbs & Whiskers Cat Cafe ReopensFriday, June 18After a long pandemic closure, L.A.’s original cat cafe is back. Starting with a soft opening on Friday, as many as 25 adoptable kittens—all previously at risk of euthanasia—will once again happily frolic with human, coffee-sipping guests. The cafe fully reopens to the public on June 26; see the site for reservation times. [More info and reservations]Life! Beginnings at California Science CenterOpens Friday, June 18A new permanent exhibit is opening at California Science Center in Exposition Park, and it’s all about how life makes more life. Highlights include an “immersive womb room” that lets visitors experience the human journey from conception to birth. [More info and tickets]An Octoroon at Fountain Theatre Opens Friday, June 18 (through Sept. 19)Branden Jacobs-Jenkins’s Obie Award-winning play makes its Los Angeles debut on the new outdoor stage at Fountain Theatre this weekend. A riff on the 1859 play The Octoroon, An Octoroon was hailed by the New York Times as “a work based on a terminally dated play from more than 150 years ago may turn out to be this decade’s most eloquent theatrical statement on race in America today.” [More info and tickets]Juneteenth in L.A. ParadeSaturday, June 19Juneteenth—an annual celebration of the day enslaved African Americans in Galveston, Texas, found out they’d been freed—is on its way to becoming a national holiday, but it’s already a big deal in L.A. Hundreds of cars will cruise through the streets from Manchester and La Brea in Inglewood to Leimert Park. A kickoff takes place at 11 a.m. at Inglewood High School. [More info]Father’s Day Freebies at Shappy Pretzel Co.Saturday & Sunday, June 19 & 20Have a dad who loves carbs? Actor turned Philly-style soft pretzel entrepreneur Adam Shapiro is treating dads to a free order of Lil’ Albees with a regular order this weekend. Pre-order using the code “DAD” for pick up at the pop-up’s Tujunga and Palisades locations. [More info]Fancy Father’s Day Brunches Sunday, June 20On Sunday, feed the guy who helped keep you fed. Dekkadance, the restaurant on the 69th floor of the InterContinental downtown, is hosting a Father’s Day Bourbon Brunch featuring (among other things) a bourbon-pickled flat iron steak. STK in Westwood is serving its usual brunch menu, plus a special Wagyu Beef Skirt Tostada. And at Mercato at the Beverly Hilton, dad gets a free IPA or mimosa with his meal.Summer Evening Strolls at the Huntington June 18-20 and 25-27If you need some time post-pandemic to stop and smell the flowers, the Huntington is hosting a series of Evening Strolls throughout the summer. Meander through the property’s gorgeous grounds and grab at bite at Cafe 1919, which will be staying open through 7 p.m. Check the calendar for future dates throughout the summer. [More info and tickets]Rights and Rituals: The Making of African American Debutante CultureThrough February 27, 2022Debutante balls have existed since the 18th century, but there’s nuance to how they evolved in America. This exhibit at the California African American Museum takes a closer look at the role debutante balls have played in Black life, particularly in L.A., through photographs from the 1950s and ’60s culled from libraries and collections, in addition to gowns, souvenirs, oral interviews, and other objects. [More info]Rainbow Road Art WalkThrough June 30A rainbow-illuminated art walk that spans the Third Street Promenade, Santa Monica Place, and the Santa Monica Pier and features visual art by more than a dozen LGBTQIA+ artists opens on Friday. The collection of murals, photo installations, and interactive and multimedia works is on display through the end of the month. [More info and installation map]One City One Pride LGBTQ Arts FestivalThrough June 30 The City of West Hollywood’s annual One City One Pride LGBTQ Arts Festival kicksoff on Harvey Milk Day, May 22, and runs through June 30. Events include virtual poetry readings, film screenings, and theater performances as well as an interactive sonic art exhibit at West Hollywood’s Plummer Park. There’s a full list of events here. [More info]The Door You Never Saw Before: A Choosical MusicalThrough June 27Kids can go on an adventure without even venturing outdoors with this interactive theater piece presented via Zoom. Ticket-holding kids get a suitcase full of goodies in the mail that they’ll use a city from a villain called “the Stench.” The show, recommended for kids aged six through nine, is staged Tuesdays through Sundays through June 27. [More info and tickets]Ellen Reid SOUNDWALKThrough 2023Composer and sound artist Ellen Reid has created a soundtrack for your next walk in Griffith Park. Download the SOUNDWALK app to experience a public work of audio art that’s determined by which way you decide to walk (using GPS). “We miss our communities, and we miss the very thing that makes our cities special: the people,” Reid says. “I hope SOUNDWALK will inspire us and make us feel connected to something larger than ourselves.” [More info]Pop-Up Drive-InsOngoingTheaters are opening up again, but there’s still plenty of fun stuff to see at pop-up drive-ins throughout the region. This weekend’s offerings include Tenet, Mamma Mia, and more. [More info]Vineland, Paramount, and Mission Tiki Drive-InsOngoingPop-up screenings sell out fast, but the L.A. area’s stationary drive-ins don’t require advance tickets and have plenty of great movies to check out—and double features galore. It’s a throwback that’s become very welcome in the era of social distancing.Stream away…OngoingCheck out what we have in this week’s roundup of streaming recommendations because sometimes the best things to do are the most low-effort of all.Looking for even more things to watch, eat, and do during the COVID-19 outbreak? Check out our Inside Guide.Stay up to date with everything you need to know about L.A. by following us on Facebook and Instagram. TAGSInside GuideThings To DoPrevious articleWhat to Stream This Weekend: Luca, Miss Juneteenth, and MoreNext articleMorning Brief: Defying Doomsayers, California’s Economy Is BoomingGwynedd Stuart RELATED ARTICLESMORE FROM AUTHORWhat to Stream This Weekend: Luca, Miss Juneteenth, and MoreOur Guide to a Whole Month of Pride Events5 Things to Watch, Read, and Listen To in Junelast_img read more

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Tullow Oil may make write downs as it moves away from exploration and focuses on East Africa projects

first_img Show Comments ▼ Tags: NULL whatsapp Tullow Oil may make write downs as it moves away from exploration and focuses on East Africa projects Jessica Morris whatsapp Wednesday 12 November 2014 4:24 am Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Tullow Oil has announced plans to tighten expenditure next year, and it warned investors that it may make a series of writedowns, amid tumbling global oil prices.The oil and gas producer said it will shift its focus away from exploration and towards maximising core assets. In particular, it will looking at the potential of existing projects in East Africa. It also said that the review will focus mainly on French Guiana. Our overall exploration spend will be significantly reduced and will focus primarily on East Africa where we have major basin-opening potentialHowever it said that this could dent future profits, as the company said it would need to make future writedowns.While significant upside potential exists, if the Board decides not to allocate near-term capital to these areas, substantial non-cash exploration write downs will be required for the Full YearTullow Oil was up 2.2 percent in early morning trade. last_img read more

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PhRMA blasts Trump’s plan to tie U.S. drug prices to other countries’ — but some of its criticisms don’t hold up

first_imgPolitics 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. PhRMA blasts Trump’s plan to tie U.S. drug prices to other countries’ — but some of its criticisms don’t hold up Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED 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. Log In | Learn More By Ike Swetlitz Jan. 24, 2019 Reprints GET STARTED WASHINGTON — The pharmaceutical industry’s Washington lobbying group is fighting full force to scuttle a Trump administration policy proposal that would tie the price of drugs in the U.S. to their costs abroad — and making a handful of specious arguments along the way, health policy experts told STAT.PhRMA has launched a multipronged attack against the proposal, arguing that it would, in effect, make health care in America more closely resemble systems in Europe. Patients wouldn’t be able to get as many new drugs and might suffer as a result, they say. Drugs displayed at a pharmacy in Paris. STEPHANE DE SAKUTIN/AFP/Getty Images What is it? Tags drug pricinggovernment agenciespolicySTAT+White Houselast_img read more

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7 taken to hospital after downtown Fort Myers crash

first_imgThief scoops up tip jar at Fort Myers ice cream shop June 16, 2021 AdvertisementTags: crashFort Myers Driver slams parked cars into Lehigh Acres home June 17, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments FORT MYERS, Fla. – Seven people were taken to the hospital after two cars crashed in downtown Fort Myers Wednesday. The crashed happened just before 1 p.m. near Heitman Street and Main Street, according to the Fort Myers Fire Department.Two adults and three children were taken to the hospital under a trauma alert and two others were taken to the hospital under regular transport, FMFD said. The Fort Myers Police Department is asking drivers to avoid the northbound on-ramp in the area while they are investigating. Advertisement Advertisementcenter_img RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments WATCH: Fort Myers lotto looter on the run with stacks of scratchers June 16, 2021 Car splits in two after slamming into Cape Coral power pole June 16, 2021 Advertisementlast_img read more

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Jamaicans Urged to Capitalize on Global Economic Situation

first_imgJamaicans Urged to Capitalize on Global Economic Situation UncategorizedDecember 2, 2008 RelatedJamaicans Urged to Capitalize on Global Economic Situation RelatedJamaicans Urged to Capitalize on Global Economic Situation RelatedJamaicans Urged to Capitalize on Global Economic Situationcenter_img Advertisements FacebookTwitterWhatsAppEmail State Minister in the Ministry of Industry, Investment, and Commerce, Michael Stern, has urged young Jamaicans to capitalise on the current global economic recession, and empower themselves by becoming entrepreneurs.He was speaking at a small business development expo held at the Dorritt Bent Hall in Spaldings, Clarendon, on November 27.“We have young people who can’t find a job, it’s better for them to go into business… we have a recession now and we can use this as an opportunity to get into a business, a small business,” he stated.He said this would necessitate providing young people with the requisite support to get them started in their own businesses. The hosting of the first small business development expo in his constituency of North West Clarendon, was cited by the Minister as one pivotal step in that direction.“We have to find ways and means to make it simpler for people to achieve these things. One way of doing it is to bring these agencies to the people, rather than telling them of these agencies and letting them go independently searching for it. It is much easier when they are here so they can see, so even people who are here can bring back the information to people in their neighbourhood, of how they can get assistance through these agencies and through the private sector,” Mr. Stern informed.He said the expo was geared at bringing in prospective entrepreneurs and having them interface with representatives of the various support agencies in order to get their business started.“This business expo today brings together all the Government agencies and private sector agencies that can assist the growth of small business. The person that has a creative idea to make something, we are encouraging those people to start their little business by registering,” he continued.Acknowledging that one of the challenges faced by enterprising young Jamaicans is obtaining the necessary financial capital, because of the red tape involved, Mr. Stern told JIS News, that the Government would be working assiduously to make it easier for persons to obtain loans, in order to get their businesses started.“Credit in Jamaica is one of the challenges my Ministry and the Ministry of Finance will be tackling over the next few months. You’ll see us introducing a Bill to create a Credit Bureau, so that people can get credit. We’ll be using your ability to pay and your ability not to pay, to determine whether or not you get loans, or assistance. So in other words, your integrity will be part of the way forward, rather than demanding that you must have a certain type of collateral,” he said.Mr. Stern further informed that, “we are going to be putting forward an aggressive approach to the banks…we are saying to the banks you need to be more competitive with your fees, we’ll tackle them on that.we are saying for the small man or the big man, we are going to make credit much easier to access in Jamaica, and that’s why today you have maybe $4 billion worth of funding available out there within the last year for small business,” he informed.He further disclosed that the Government would continue to have dialogue with commercial lending institutions, in a bid to provide enterprising Jamaicans with easier access to working capital, as they “continue to work at providing competitiveness in the sector so that these funding can reach the people who need these, and to develop a good economy”.last_img read more

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General Manager not seeking renewal of contract: Bega Valley

first_imgGeneral Manager not seeking renewal of contract: Bega Valley Council’s General Manager, Leanne Barnes 17 February 2021Council’s General Manager, Leanne Barnes has formally advised Councillors of her intention not to seek a renewal of her contract when it expires later this year.Bega Valley Shire Mayor, Russell Fitzpatrick said that while Leanne’s announcement was not unexpected it will be a huge loss for the Bega Valley.“Leanne has been an integral part of Council for over 19 years, including eight as General Manager,” Cr Fitzpatrick said.“Over this time, Leanne has assisted Council to deliver a range of significant infrastructure, services, and changes.“She led the organisation through the recent Black Summer bushfires and four local flooding events, while also dealing with the impacts of COVID-19, as well as the Tathra and District and Yankees Gap fires in 2018, the 2016 East Coast low and 2014 flood events.“Council has resolved to commence the recruitment process now and renamed the position to that of Chief Executive Officer so that onboarding can be completed prior to the commencement of the caretaker period ahead of the next Council election, providing stability and a smooth transition for the Bega Valley.”In line with standard local government guidelines for the recruitment to the position, the process will be led by the Mayor and Councillors, with support from an external recruitment agency and Council’s People and Governance Manager.“My decision not to request a renewal of my current contract doesn’t change our current work or priorities,” Ms Barnes said.“We have a dedicated leadership team, and I am proud of what we have achieved over the past eight years.“We are in a strong position to ensure a smooth transition for the organisation over the coming months, and the leadership team and I will do everything we can to ensure this.“In the meantime, we have a lot more to achieve and I am committed to leading the organisation with the best interests of the community and staff at the forefront of everything we do.” /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:Barnes, Bega, Bega Valley Shire Council, black summer, bushfires, community, council, covid-19, election, gap, Government, infrastructure, leadership, local council, Loss, Russell, Tathralast_img read more

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SILLIAC: machine that brought Australia into computer age

first_imgSILLIAC: machine that brought Australia into computer age A horse-racing benefactor with an interest in science made one of Australia’s first, and then most powerful, computers possible.It’s a story that’s easy to love. It was the early 1950s and the University wanted to build one the first and most powerful computers in the world, SILLIAC. But funds were short and it was only built because the race horse of a prominent donor had just won the Melbourne Cup. No Melbourne Cup win, no SILLIAC. A donor with a passion for science The truth is a little less cinematic. The donor, Adolf Basser, wasn’t a ‘colourful racing identity’. He was a man of modest disposition who happened to love horse racing: even more so when his horse, Delta, won the Melbourne Cup. But this was two years before he contributed to SILLIAC. In fact, Basser, who’d made his fortune through the jewellery business, was a long-time philanthropist supporting many causes, but he had a particular interest in science.SILLIAC was just the sort of thing that would catch his eye, especially since the project was pitched to him by one of the University’s most charismatic and spirited characters, Harry Messel. Basser gave the modern equivalent of $4 million.One of the University’s most spirited characters, head of School of Physics, Harry Messel, who also had an interest in conserving wildlife. (Photo supplied by Faculty of Science).Securing funding to create the Nuclear Research Foundation Hailing from Canada, the cigar-smoking Messel became head of the School of Physics in 1952, when he was just 30, little knowing his tenure would last 35 years. He was to completely transform the department, but one of his first adventures was meeting the fearsome media mogul, Sir Frank Packer (father of Kerry and grandfather of James), to ask for money to establish the Nuclear Research Foundation (now the Physics Foundation) within the School of Physics.Sir Frank asked what he would get out of the deal. “Absolutely nothing,” answered Messel. Messel got his money.In establishing the Nuclear Research Foundation, Messel knew his research ambitions for the place would need serious computing power (or at least, the best that computers in the 1950s could offer). He estimated that just one of the necessary calculations would take people using desk calculators 2000 man years.At that time, there were just a dozen computers in existence worldwide, and the Illinois Automatic Computer (ILLIAC), built by the University of Illinois, was considered the best. That said, it was a beast that comprised 2,800 vacuum tubes and weighed nearly 5 tonnes. Like all the computers at the time, it was ‘developmental’. Ideas around intellectual property were more relaxed then than now, and Illinois University was happy to share their ILLIAC blueprints, if Sydney shared its own advances on ILLIAC with them. What the SILLIAC computer did in its 14 year life could be done on today’s smartphone in minutes.There was a great deal of information exchanged in both directions as ILLIAC became the Sydney version of ILLIAC, or SILLIAC.All this was never going to be cheap. At the time, a Sydney suburban house cost about £3,500. It was estimated that SILLIAC would cost ten times more, or £35,000. Though, as is the way with these things, SILLIAC eventually cost £75,000.Too big for your pocket. The SILLIAC computer was 2.5m high by 3m wide and required its own room in the Physics Building, plus two more rooms for suppport equipment. (Archives photo G77_1_2117)A triumph for its timeFor that money, the world welcomed probably the most powerful computer it had ever seen; it was certainly an advance on ILLIAC. There was little in the way of miniaturisation though. At 2.5 metres high by 3 metres wide and 0.6 metres deep, SILLIAC took up most of a room in the Physics Building, plus a room for a power plant, plus a room for cooling.In contrast, and by modern standards, its performance was modest. The information it could store would amount to less than a second of an MP3 music file and what SILLIAC did over its 14 year life, could probably be done by a smartphone in under a minute. SILLIAC ran Australia’s first computer payroll system for the then Postmaster-General’s Department (now Australia Post). At its peak SILLIAC ran 24 hours a day, seven days a week, and was used by more than 2,000 people. (Archives photo G77_1_2126)SILLIAC’s legacyThe first scientific calculation using SILLIAC was carried out by PhD student Bob May in June 1956, three months before the official opening. The machine would be a seismic advance in the Australian and world computer scene, and government and industry started asking what it could do for them.SILLIAC ran Australia’s first computer payroll system for the then Postmaster-General’s Department (now Australia Post). It was used by organisations like Woolworths, Snowy Mountains Hydro-electric and banks, who then went on to buy their own computers. It also saved University researchers many thousands of hours of laborious calculation.Along with all this, some of Australia’s earliest IT professional developed their craft by working on SILLIAC.As computer advances accelerated, SILLIAC was eventually left behind. It was turned off in 1968 and dismantled. Only a couple of fragments still exist in museums. Still, it ran a great race.Written by George Dodd for the Sydney Alumni Magazine, with thanks to Associate Professor Robert Hewitt, previous Director of the Science Foundation for Physics. /University 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). 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