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Macron taps trio to help drive coronavirus recovery

first_imgTopics : On the eve of the reshuffle, Macron said his 2017 campaign promises remained central to his policymaking. But he said they must “adapt to international upheavals and the crisis we are living through: a new path must be drawn.”Political rivals denounced the reshuffle as window-dressing that would not deliver the “new path” Macron promises.Bruno Le Maire, who spent heavily to keep flagship companies afloat and save jobs during the lockdown, will stay at the helm of a finance ministry tasked with steering France out of the downturn, and now has full control of the budget.Elisabeth Borne will take charge of an enhanced labor and social affairs ministry just as the depression unravels gains on unemployment.Macron wants to reset relations with unions and voters after waves of protests. Borne, who successfully pushed through changes to French railways in the face of union opposition, will be in charge of seeing sensitive pension reforms over the line.Greener policies?A week after the Green party seized control of some of France’s biggest cities, including Lyon and Bordeaux, establishing themselves as a real political force, Macron also named former ecologist Barbara Pompili as environment minister.Pompili’s ministry will oversee energy and housing as Macron seeks more emphasis on green policies to drive the economic rebound and build a sustainable future for companies like Air France and Renault.In 2018, she chaired a parliamentary committee that delivered a report critical of France’s nuclear power industry. A senior source inside state-owned utility EDF described her appointment as disastrous for the sector.But Greenpeace France said it was skeptical how much influence over environmental policymaking Pompili would have. A presidential aide said the theme for the main economic briefs was “continuity”, in a sign Macron will not veer left and will seek to consolidate his center-right base ahead of 2022.Macron’s appointment of Castex, a little-known senior civil servant, as prime minister was taken as a sign by rivals he was intent on taking back full control of policy ahead of elections in 20022.They said the changes fell short of the reinvention Macron had promised.”It’s a game of musical chairs,” Alexis Corbiere, a lawmaker for the far-left France Unbowed party, told BFM TV. “Let’s be frank, it’s a roadmap for more of the same.”center_img France is creating three beefed-up ministries to spearhead its recovery from coronavirus turmoil as Emmanuel Macron attempts to recast his presidency less than two years before a possible re-election bid.In a cabinet reshuffle days after voters punished Macron and his party in local elections, the president and his new prime minister, Jean Castex, are putting the focus on tackling the pandemic’s social and economic fallout, and the environment.Macron, 42, swept into power in 2017 promising to cut corporate taxes and ease regulation to drive growth and create jobs, while protecting the most vulnerable. But the worst depression in decades has reversed some hard-fought gains and left Macron with 21 months to persuade voters that his reforms will leave them better off.last_img read more

US Fed opens policy meeting amid faltering confidence

first_imgTopics : The United States central bank opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress locked in debate over how best to support the economy amid the pandemic.With interest rates already at zero and the Federal Reserve pumping trillions into the economy through myriad loan programs, policymakers are expected to focus less on direct action as COVID-19 remains a bigger concern.Coronavirus cases and death tolls are resurging, and many states have reimposed more strict controls, again shutting down some businesses, while tens of millions of jobs have been lost, many permanently.  Jobless workers are also now facing the imminent expiration of extra unemployment benefits unless Congress acts.Analysts expect the Fed to reinforce a tool used during the global financial crisis: forward guidance. The policy-setting Federal Open Market Committee (FOMC) is expected make plain that it has no intention to raise the benchmark interest rate until the US is fully back on track and unemployment has fallen significantly from the current 11.1 percent level, while focusing less on inflation.Amid signs the economy continues to struggle, how much of a boost that declaration will provide is unclear, but economists view it as a minimum step.center_img “The events of recent weeks have changed my view on forward guidance,” Diane Swonk, chief economist at Grant Thornton, said in an analysis. “Now is the time to clarify the Fed’s position on forward guidance, which means being explicit about holding interest rates near zero until the economy actually overshoots on its two percent inflation target.”More lendingThe FOMC will announce its policy decision Wednesday afternoon, and Fed Chair Jerome Powell will hold a press conference to explain the statement.Powell has said the central bank can do more to help the economy weather the pandemic storm, and on Tuesday the board announced it was extending through the end of the year lending facilities that had been set to expire around September 30.The Fed said those programs for firms of all sizes as well as states and municipalities “provide a critical backstop stabilizing and substantially improving market functioning and enhancing the flow of credit to households, businesses and state and local governments.”But as the pandemic fire continues to rage, a key measure of consumer confidence dropped sharply in July, highlighting the continued uncertainty about the economy. The Conference Board research firm said its consumer confidence index fell to 92.6 from 98.3 in June, worse than analysts expected.The government on Thursday will release the first official data on the damage done to US GDP in the April-June quarter, which is expected to show a shocking collapse of around 35 percent. But the Fed does not need that figure to realize the harm already inflicted on American households and firms.Powell and other central bankers have made it plain that the Fed’s options are limited and the federal government will need to provide more cash.As expanded unemployment payments and a moratorium on evictions are set to expire, Senate Republicans late Tuesday unveiled a US$1 trillion support package that slashes additional weekly jobless benefits to $200 a week from $600, but also would offer a second round of $1,200 payments to individuals and give funding to schools, provided they reopen.That sets the stage for a showdown with Democrats who are pushing their own $3 trillion plan. Democratic leaders Nancy Pelosi and Chuck Schumer call the Republican effort a “weak, piecemeal proposal that will only prolong the suffering for millions of workers and families across America.”US stocks tumbled on Tuesday amid mixed results from companies battered by the pandemic, and the lack of progress in Congress towards reaching an agreement on a new rescue package.last_img read more

KLP kicks off planned NOK1bn of seed capital investments

first_imgHe added that seed capital investments would also “complete” KLP’s investments.“We invest broadly and deeply all around the world, but up to now we have lacked investments in the starting phase of a company’s history,” he said.The pensions provider saw it as a social responsibility to contribute to new growth in Norwegian business life, Thornes said.The new fund is to manage a total of NOK500m. The European Investment Fund (EIF) has put in the largest stake of NOK155m, while SINTEF Venture has made a NOK110m investment.Other investors alongside KLP include charitable foundations Gjensidigestiftelsen and Sparebankstiftelsen.While the EIF invested in SINTEF’s previous venture fund, this latest allocation is its largest in Norway so far, the research group said.SINTEF said the new fund would promote the commercialisation of research and development results.It will invest in and develop small and medium-sized enterprises (SMEs) whose activities are based on technology originating from research at SINTEF and the Norwegian University of Science and Technology – both based in Trondheim. Kommunal Landspensjonskasse (KLP), Norway’s municipal pension fund, has taken its first step into venture capital with a NOK75m (€8m) stake in a new fund for Norwegian research businesses.KLP has also indicated that it plans to direct NOK1bn into seed capital over time.The NOK652bn pension provider has invested in the Venture V fund launched by Norwegian research group SINTEF.Sverre Thornes, KLP’s chief executive, said: “This is just a start for us. In the course of the next few years we see ourselves investing a billion kroner into seed capital funds linked to development in many places in the country.”last_img read more

Euthanasia referendum: Should it be a health priority for New Zealand at present?

first_imgStuff co.nz 19 September 2020Family First Comment: Important questions: “If the referendum is passed, money and time will be put into establishing a bureaucracy to deliver aid in dying, and doctors will have to provide the service. This represents an opportunity cost, as these resources cannot be spent on other aspects of the health system. To comply with the law there is a lot to do. There are committees to be formed and policies to be written. All doctors will need to decide if they want to take part. All practices and hospitals will have to respond to someone who seeks assisted dying”OPINION: Discussion of the euthanasia referendum has mostly been around the ethical question of whether euthanasia should be allowed. There has been little discussion about whether this is a priority for action now.If the referendum is passed, money and time will be put into establishing a bureaucracy to deliver aid in dying, and doctors will have to provide the service. This represents an opportunity cost, as these resources cannot be spent on other aspects of the health system.To comply with the law there is a lot to do. There are committees to be formed and policies to be written. All doctors will need to decide if they want to take part. All practices and hospitals will have to respond to someone who seeks assisted dying and that is likely to lead to a lot of discussion and debate.Hospices have already said they will not do this but what about all the other providers? Whilst the financial costs will be balanced by the money saved in someone dying earlier and not requiring some pension or some care costs, the personnel resource and the time spent setting systems up needed to do all this is still problematic.What is the size of the potential quality of life benefit?If the referendum passes, we don’t know how many people would seek aid in dying. A reasonable comparison would be with Oregon.Oregon has a population of 4.2 million (New Zealand 5 million) and has had a Death with Dignity Act in force for the past 22 years. Their Act is similar to ours. Their experience is that patients are older, on average 74 years (range 33-98 years).Just over 50 per cent of patients had a university degree and 96 per cent of patients were white. In 2019 a total of 188 people were assisted to die, 0.51 per cent of total deaths.During the first five years of the Act around 25 people a year (around 0.08% of total deaths) were assisted to die. Whilst there are differences between Oregon and New Zealand, we are alike enough for this to give us some idea of what might happen here.If this level of demand is reflected in New Zealand, then it will benefit a few people from a group who can afford the costs and who already get significant benefit from our health system.– Ben Gray is a senior lecturer in Primary Health Care and General Practice at University of Otago, Wellington.READ MORE: https://www.stuff.co.nz/national/health/euthanasia-debate/300107980/euthanasia-referendum-should-it-be-a-health-priority-for-new-zealand-at-present?cid=app-iPhonelast_img read more

2012 Dominica Calypso Hall of Fame will celebrate the life of Urban Harrigan

first_imgAlex Bruno. Photo courtesy: Alex BrunoMedia-Communications Specialist and Coordinator of the Dominica Calypso “kaiso” Hall of Fame Alexander “Alex” Bruno says Urban Harrigan’s life will be celebrated and as a result enhance the awards ceremony.Urban Harrigan a seventy year old who was a veteran broadcaster, master of ceremonies, sports personality and community activist died last week Thursday at the Princess Margaret Hospital after battling with heart and lung related illness for a period of six years.The Dominica Calypso Hall of Fame announced earlier this month that Harrigan would receive a Hall of Fame Recognition Award along with Bernard “Rabbit” Alexander and Tasha “Tasha P” Peltier on the 9th of February, 2012 for their contribution towards the development and practice of calypso.Sadly, Harrigan passed on just about twenty one days before he could have been bestowed with this award. Bruno told an exclusive interview with Dominica Vibes News that although this is a very sorrowful occasion he believes that Harrigan’s death will give “new life” to intended purpose of the Kaiso Hall of Fame.Urban Harrigan. Photo courtesy Janice Roberts“I think people like Urban you really cannot mourn their loss you have to celebrate their life and that is what I personally will be doing, I will be celebrating the life of Mr. Harrigan and I believe his passing though sorrowful and sad will give new life to what the Kaiso Hall of Fame is intended to do; to bestow a particular honor on people for the work they’ve done and Mr. Harrigan is well deserving of the honor of having performed in a very interesting area of the arts in terms of entertainment, presentation, master of ceremonies.”Bruno also noted that he is saddened by the fact that he did not have the opportunity to document Harrigan’s life story.“In his time and even now there is no other person like Urban Harrigan and there will not be another so there will be a tremendous loss. It saddens me because I spoke with him officially to inform him of his induction or his honor and he was very elated, he was very happy and he told me that when I come down he will be more than happy to give me his entire story. I came down and one day after I miss him. So now his story is gone with him.”Meanwhile Bruno confirmed that the members of the Dominica Calypso Hall of Fame will attend Harrigan’s funeral to pay their last respects as well as document the funeral which will be reproduced at the Hall of Fame. Bruno says though Harrigan’s death has left a huge void for the 2012 Kaiso Hall of Fame, this will not dampen the proceeding but they will use his death as “life for the event”.Dominica Vibes News Share Share Tweet LocalNews 2012 Dominica Calypso Hall of Fame will celebrate the life of Urban Harrigan by: – January 23, 2012center_img 21 Views   no discussions Share Sharing is caring!last_img read more

Dembele not ready for Juve

first_imgAccording to L’Equipe, Ousmane Dembele, has no intention of leaving Barcelona, even if Juventus did make an approach. The 23-year-old wide attacker made a massive €125m transfer from Borussia Dortmund in the summer of 2017, but had a serious injury and made only nine competitive appearances this season, scoring one goal. Dembele had been mentioned as a potential part of the exchange deal bringing Miralem Pjanic to Camp Nou, after Arthur Melo rejected the switch.Advertisement Loading…center_img However, L’Equipe claim this evening that his agent does not see any move away from Barcelona this summer. read also:Man Utd Ighalo deal won’t influence Dembele pursuit At the same time, the representative intimated that Juventus had ‘courted’ Dembele. This would be the second Barcelona player who is refusing to join Juve as part of an exchange for Pjanic. FacebookTwitterWhatsAppEmail分享 last_img read more

United Rebel Sprint Series back in action at Bob Salem Memorial

first_imgFriday’s event will pay $700 to the winner. On Saturday, the feature winner of the Bob Salem Memorial finale will take home a $1,000 payday.   Jake Bubak captured the feature win in 2019 on Friday night’s event while Jason Martin was the Saturday night Bob Salem Memorial finale feature winner.  Races are slated to begin at 7 p.m. both nights. Admission is $20, kids ages 7-12 $5, and kids 6 and under free.  The Bob Salem Memorial will be streamed live on Speedmax TV (IMCA.TV) for $15 each night or $25 for both nights. OBERLIN, Kansas – The Lucas Oil POWRi United Rebel Sprint Series Presented by Mel Hambelton Ford Racing returns to action this Friday, Aug. 14 and Saturday, Aug. 15 for the Bob Salem Memorial at Oberlin, Kan., Speedwaylast_img read more

Possible contamination leads to beef recall

first_imgWashington D.C. — AdvancePierre Foods, Inc., an Enid, Okla. establishment, is recalling approximately 20,373 pounds of ready-to-eat (RTE) beef patties that may be contaminated with extraneous materials, specifically soft purple plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.The frozen RTE flame-broiled beef patties were produced on Nov. 30, 2018. The following products are subject to recall: [View labels (PDF only)}14.06-lb. cases containing three bags with 30 pieces for a total of 90 portions of “CN FULLY COOKED FLAME-BROILED BEEF PATTIES CARAMEL COLOR ADDED” with case code 155-525-0 and package code 8334.The products subject to recall bear establishment number “EST. 2260E” inside the USDA mark of inspection. These items were shipped to food service locations nationwide. While the product was distributed to schools, it resulted from a commercial sale and was not part of food provided by the USDA for the National School Lunch Program.The problem was discovered on April 1, 2019 after the firm received two consumer complaints regarding soft purple plastic found in the product.There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.FSIS is concerned that some product may be frozen and in food service freezers. Food service locations who have purchased these products are urged not to serve or consume them. These products should be thrown away or returned to the place of purchase.FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers.Consumers with questions about the recall can contact AdvancePierre’s Consumer Affairs Hotline at (855) 382-3101. Members of the media with questions about the recall can contact Worth Sparkman, Senior Communications Manager with AdvancePierre, at (479) 290-6358.last_img read more

Google exec to make Ball State appearance

first_imgMuncie, In. — Google’s chief education evangelist, Jaime Casap, will speak about the driving force of technology in reforming education at 7:30 p.m. April 10 in Emens Auditorium as part of Ball State University’s Centennial Celebration. Casap’s talk is free and open to the public.Also the leader of the Google Apps for Education Team, Casap spearheads strategic efforts to infuse K-12 education systems with 21st century technology like Google Suite, a platform that heightens student collaboration and communication. And he does it all for free, driven by the goal to build a stronger Generation Z.“We are preparing students to solve local and global problems we haven’t defined yet, using technology that hasn’t been invented, in roles that do not exist,” said Casap, Ball State’s second Centennial Speaker. “To thrive in this new era, students need to know how to learn, problem solve, iterate, create, collaborate, communicate, and to think critically.”In his Ball State talk, “A Problem-Solving Generation,” Casap will discuss what students must do to bring education to the next level and what schools must do to create a progressive culture and curriculum.Susana Rivera-Mills, Ball State’s provost and executive vice president for Academic Affairs, said she looked forward to Casap’s insights.“Ball State started as a teachers college 100 years ago,” Rivera-Mills said, “and we have taught the next generation in innovative ways throughout our history. In fact, one of our enduring values is innovation. We believe we are well-positioned to educate the next generation of leaders and problem solvers. So Mr. Casap’s presentation is a good fit for our Centennial Celebration.”Casap is also the author of “Our First Talk About Poverty,” which explains poverty to children. He serves on numerous boards for organizations focused on education and equity, and he teaches a high school communication class at the Phoenix Coding Academy, a computer science public school he helped launch. His honors include the Arizona State University Global Silicon Valley 2018 Innovator of Color and an honorary doctorate from Felician University.For more about Ball State’s Centennial Celebration click here.last_img read more

Billy Wayne Woods August 11, 1945 – April 3, 2019

first_imgBilly Wayne Woods, age 73 of Hidden Valley, Indiana passed away at his home Wednesday, April 3, 2019. Born August 11, 1945 in Bowling Green, Kentucky the son of Willie and Jeanetta (Kirby) Woods.Billy married Betty Knox August 9, 1969 in Louisville, Kentucky. Worked as a Plant Manager for Hill Rom in Batesville and Sachs in Florence, Kentucky for many years. Member of Harrison Seventh Day Adventist Church.Survived by his loving wife Betty Woods of Hidden Valley, Indiana. Loving father of Lorie (David) Shumate of Logan, Indiana and Tammy Harrington of St. Leon, Indiana. Grandfather of Eric and Emily Harrington, Brandon, Brittany, Madison and Morgan Shumate. Brother of Jane Parker of Campbellsville, Kentucky.Preceded in death by his parents Willie and Jeanetta Woods and siblings Peggy Pullium and Frederick Woods.Visitation will be held Sunday April 7, 2019 from 4:00 P.M. to 7:00 P.M. Funeral services will be Monday, April 8, 2019 11:00 A.M. with Pastor John Desender officiating all at Jackman Hensley Funeral Home 215 Broadway Street Harrison, Ohio 45030. Burial will follow at Gibson Cemetery Bright, Indiana.Memorials may be directed to P.A.W.S. of Dearborn County and or Christ Loving Hands Harrison, Ohio c/o the funeral home.last_img read more