Share Friday 11 March 2011 6:22 am Tags: NULL whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org John Dunne BAA passenger traffic fell at UK airports overall in February – but Heathrow saw a rise.The airport operator flew 7.11m passengers from its UK airports last month, compared with 6.97m in the same month last year.Heathrow, Europe’s busiest airport, flew 4.62m passengers, up by 0.5 per cent, the group said. Chief executive Colin Matthews said: “The steady growth in demand (at Heathrow) suggests improving economic circumstances.“Heathrow’s strong passenger and freight performance is encouraging for British industry, reflecting steady improvements in the economy and international trade.”Heathrow was boosted by an increase in numbers on long haul flights to destination such as India.Air cargo movements at BAA’s airports grew 5.7 per cent, with a 4.7 per cent gain at Heathrow.“At our other airports, the slow pace of economic recovery is impacting growth.” said Matthews.Stansted airport saw passenger traffic down 6.3 per cent on last year, while Southampton fell three per cent.BAA is majority owned by Spanish infrastructure group Ferrovial. whatsapp BAA passenger numbers fall in February Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald
Dutch regulator names Jansen as new chair Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Netherlands Gambling Authority (KSA) has appointed René Jansen as its new chairman ahead of crunch talks with the government over new gambling regulation in the country. Jansen, who most recently served on the executive board at the Dutch Healthcare Authority, will take on his new role from October 1. Earlier in his career, Jansen also had a spell with the former Dutch Competition Authority, and worked at the Ministries of Economic Affairs and Social Affairs & Employment. Jansen will replace Jan Suyver, whose departure was confirmed earlier this year, while Marja Appelman also announced her exit as chief executive of the KSA in July. Last month, KSA board member Joop Pot told iGamingBusiness.com the regulator, which recently rebranded from the Netherlands Gaming Authority, was to shift from a structure of three part-time board members and one director to two full-time board members and no director. To this end, in addition to Jansen, the KSA has named Bernadette van Buchem as its vice-chairman, effective October 15. Van Buchem is currently director of consumers at the Netherlands Authority for Consumers and Markets, and previously held various roles at ABD Interim, the group of interim managers of the Dutch government. The KSA said in a statement: “The Gaming Authority sees Jansen and van Buchem as the right people to continue the course taken by the KSA and to lead the organisation through the planned modernisation of the gaming policy.” The double appointment comes at a time when two pieces of legislation hang in the balance in the Netherlands. The Senate is yet to approve the Remote Gaming Bill, which would make online games of chance legal in the country. The Modernisation Casino Regime Bill, which focuses on the privatisation of Holland Casino, also awaits approval. In June, Dutch Minister for Legal Protection, Sander Dekker, proposed a revised framework for licensed operators in the Netherlands, focusing on enhancing consumer protection measures. The letter to legislators revitalised a bill that had been lying dormant for nearly two years following approval by the parliament’s lower house. Speaking to iGamingBusiness.com last month, Pot said that a meeting of the Committee of Justice and Security on September 13 would provide a platform for the first formal parliamentary reaction to Dekker’s letter. Meanwhile, the KSA has issued Betsson Group subsidiary Corona with a fine of €300,000 (£270/700/$347,900) for operating in the Dutch market without a local licence. The regulator made the ruling after carrying out an investigation into Corona and its Oranje and Kroon brands. Various other Betsson entities were also probed by the KSA, but the regulator did not note any further violations and no action was taken. In a statement issued to iGamingBusiness.com, Pia Rosin, vice-president of corporate communications at Betsson, confirmed Corona is currently assessing the option to appeal the ruling. “We will carefully follow the progress of the legislative process,” Rosin said. “We hope there will be a new law and then we know what the licence requirements are.” Pontus Lindwall, chief executive of Betsson, also said in a statement: “Betsson shares KSA’s ambition to achieve a high channelisation of customers into any future locally regulated environment in the Netherlands and supports the Dutch government’s ambition in moving forward with the legislative process. “Corona will assess whether to appeal the sanction against them. Also, we will carefully follow the progress of the legislative process. We hope that there will be a new law and then we know what the licence requirements are.” Betsson acquired Corona in 2014 in anticipation of the re-regulation of the Dutch online gaming market, which had been scheduled for 2015. The lower house of the Dutch parliament approved the Remote Gaming Bill in 2016, but this is still awaiting approval from the Senate. In June, it was revealed the country’s coalition government intends to resume the process with the aim of introducing new regulation by 2020.Image: KSA Regions: Europe Western Europe Netherlands Email Address Tags: Card Rooms and Poker Mobile Online Gambling 24th August 2018 | By contenteditor Subscribe to the iGaming newsletter Bernadette van Buchem will take on the role of vice-chairman Topics: Casino & games Legal & compliance People Sports betting Strategy Poker
From the Federal Emergency Management Agency Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom TAGSFederal Emergency Management AgencyFEMAHurricane IrmaHurricane MariaHurricane Season Previous articleVote tomorrow in The Apopka Voice online election poll – Seat #2Next articleAn update on the Mount Plymouth interchange and the Wekiva Parkway Project Denise Connell RELATED ARTICLESMORE FROM AUTHOR WASHINGTON – While Nov. 30 marks the end of a historic hurricane season, FEMA and its partners continue to work diligently in support of disaster survivors recovering from the devastating season. Four hurricanes made landfall: Harvey, Irma, Maria and Nate (the first three were classified as major hurricanes, which affected roughly 25.8 million people). Also during this season, nearly two dozen large wildfires burned more than 200,000 acres of land in northern California.Hurricanes Harvey and Irma marked the first time two Atlantic Category 4 hurricanes made landfall in the Continental United States, in the same season. Hurricane Harvey set a new record for the most rainfall from a U.S. tropical cyclone, with more than 50 inches of rain in some areas. The storm resulted in catastrophic flooding in Texas and western Louisiana. Two weeks later, Hurricane Irma became the strongest Atlantic Ocean hurricane on record. Winds peaked at 185 mph, and Hurricane Irma remained a hurricane for 11 days. Irma was the longest-lived Atlantic hurricane since Ivan in 2004. The public response to Hurricane Irma, as the storm approached, resulted in one of the largest sheltering missions in U.S. history.Hurricane Maria devastated the U.S. Virgin Islands and Puerto Rico soon after Hurricane Irma struck their shores. Hurricane Maria was the first Category 4 hurricane to make landfall on the main island of Puerto Rico in 85 years, and the resulting response became the longest sustained air mission of food and water in FEMA history. In addition to these hurricanes, prior to the 2017 season, FEMA already had 17 Joint Field Offices working 28 presidentially-declared disasters.Since Harvey made landfall in Texas on Aug. 25, the President has granted 16 Major Disaster declarations and 14 Emergency Declarations, while FEMA has authorized 25 Fire Management Assistance Grant declarations. Over a span of 25 days, FEMA and our partners deployed tens of thousands of personnel across 270,000 square miles in three different FEMA regions.So far, more than 4.7 million disaster survivors registered for federal assistance with FEMA – more than all who registered for hurricanes Katrina, Rita, Wilma, and Sandy combined. To respond to the historic demand, FEMA expanded its call center capacity by tenfold and increased the number of home and property damage inspectors fourfold.“This historic hurricane season should serve as a gut check and an opportunity for citizens, businesses, state, local, tribal and federal officials to re-evaluate how we prepare for and respond to any disaster,” said FEMA Administrator Brock Long. “Response and recovery is dependent upon the whole community to be successful. While we continue to support the recovery from these storms, we must also take the opportunity to become better prepared for future disasters.”To date, FEMA has placed more than $2 billion in disaster assistance into the hands of disaster survivors to help them recover from these events. As of mid-November, National Flood Insurance Program (NFIP) policyholders filed approximately 120,000 claims, resulting in payments totaling more than $6.3 billion.“State, local, tribal, and territorial governments, along with the residents in the impacted areas, are the true first responders,” said Administrator Long. “FEMA alone cannot deliver assistance to this vast number of survivors. We must hit the reset button on the culture of preparedness in our country.”Non-profit organizations provide crucial services to sustain lives in partnership with the rest of the response and recovery infrastructure. The private sector also plays a significant role in disasters, as businesses work to restore critical services and donate their time and resources – in close coordination with emergency management personnel – to help communities rebound in the wake of disasters.Thousands of members of the federal workforce were deployed to Texas, Florida, the U.S. Virgin Islands and Puerto Rico, including 13,892 staff from various offices of the Department of Defense (DoD), including the military services. For the first time, FEMA extended the Department of Homeland Security’s “Surge Capacity Force,” to all federal agencies, deploying over 3,800 non-FEMA federal employees.FEMA search and rescue teams saved nearly 9,000 lives, in addition to those saved or assisted by DoD, the Coast Guard, state and local partners, first responders, and neighbors helping neighbors.While the 2017 Hurricane Season has ended, recovering from these devastating hurricanes will take years, and FEMA and our federal partners will continue to support affected governments and survivors as they build back stronger.For information on how you can prepare for the 2018 Hurricane Season, see https://www.ready.gov/hurricanes or download the FEMA App: https://www.fema.gov/mobile-app.For the latest information about FEMA support to response and recovery efforts, see:Hurricane Harvey: https://www.fema.gov/hurricane-harveyHurricane Irma: https://www.fema.gov/hurricane-irmaHurricane Maria: https://www.fema.gov/hurricane-mariaU.S. Customs & Border Protection & FEMA personnel deliver food and water to isolatedPuerto Rico residents after their bridge was destroyed by Hurricane Maria in themountains around Utuado, Puerto Rico (U.S. Air Force photo by Master Sgt. JoshuaL. DeMotts)FEMA Urban Search and Rescue and disaster survivor assistance teamsarrive via U.S. Coast Guard transport, in Key West, Florida, in response toHurricane Irma. Yvonne Smith/FEMADisaster survivor gets a FEMA hug from a Disaster SurvivorAssistance Crew Lead, after receiving disaster registrationinformation ather home in Texas, following Hurricane Harvey.Photo by Christopher Mardorf/FEMANational Guardsmen from Virginia and the U.S. Virgin Islands worktogether to restock a point of distribution at Holy Spirit Church,Christiansted, St. Croix, U.S. Virgin Islands. Photo by Jocelyn Augustino/FEMA You have entered an incorrect email address! Please enter your email address here Please enter your comment! Florida gas prices jump 12 cents; most expensive since 2014 Save my name, email, and website in this browser for the next time I comment. Please enter your name here As historic 2017 hurricane season comes to an end, federal support to recovery continues UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply
BET Zani (béton) 2013 CopyAbout this officeFrançois Primault architecteOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMoiraxHousesFrancePublished on December 19, 2014Cite: “Maison l’Estelle / François Primault architecte” 19 Dec 2014. ArchDaily. Accessed 11 Jun 2021.
Global call to suspend IP patents These same Big Pharma monopolies have used their patents to legally block production of vaccines by companies in other countries. Pfizer’s patent has blocked companies in India from developing alternative versions of its vaccine. And Pfizer sued SK Bioscience in South Korea, after the company developed a pneumococcal conjugate vaccine, forcing it to close production. Regeneron’s representative said: “Manufacturing antibody medicines is incredibly complex and transferring the technology takes many months, as well as significant resources and skill. Unfortunately, it is not as simple as putting a recipe on the internet and committing to not sue other companies during the pandemic.” (thelancet.com, Dec. 5, 2020) There is no shortage of COVID-19 vaccine projects globally. According to the World Health Organization, out of 214 potential vaccines being developed in the world, 52 are in clinical trials; 13 are in advanced testing phases; and seven are approved for emergency or limited use. Lifting the patent bans would allow more companies to start production sooner. Production of coronavirus vaccines is concentrated in the hands of a small number of patent holders, who have monopolized production, based on profit-protecting IP rights. Countries with deep pockets — the U.S., Canada, Britain, Norway, as well as the EU, have purchased over 80% of the available supplies of vaccines from companies like Moderna, Pfizer and AstraZeneca. AstraZeneca has vaccine manufacturing agreements with companies in India and Brazil, but they come with hefty price tags. Access to REGN-COV2, Regeneron’s COVID-19 monoclonal antibody treatment, could reach many more people if licensing exclusions did not block transfers of scientific information. Ignoring the devastating impact of the coronavirus, the pharmaceutical industry and the wealthiest countries oppose even temporarily lifting the patent ban. They claim this would stifle innovation. What they really mean is stifle profits. Among the many controversies surrounding vital COVID-19 vaccines, the issue of patent bans gets far less attention than how vaccines are being distributed or who is able to receive them. Yet the patent laws protecting intellectual property (IP) in the U.S. and European Union give the world’s wealthiest countries unfair advantage over economically developing countries in accessing vaccines. Patent laws in the U.S. and EU enforce a monopoly on production of goods and services. But in a global pandemic, they can lead to a chaotic and uneven production and distribution system of vital supplies like COVID-19 vaccines and medicines and personal protective equipment for health care workers. Production costs, including specialized equipment and cold storage, can run into billions of dollars. Companies may be reluctant to face the risk of costly investment in production, only to face legal challenges from Big Pharma over patent rights. Cuba has two effective vaccines — Soberana (Sovereign) 1 and 2 — which are close to completing trial phases. However, U.S. sanctions have made it difficult for the socialist country to get funding to expand production and global distribution. To counter this problem, Cuba is negotiating with Iran, another country suffering from U.S. sanctions, to produce the vaccine. Leonard Schleifer and George Yancopoulos, the billionaires who head the pharmaceutical giant Regeneron, have a combined wealth of $4 billion. Although they have a reputation for producing drugs at a breakneck pace, neither of them did the actual work to produce REGN-COV2, as they acknowledge in a company statement opposing lifting the IP patents. Russia, India and China have developed effective COVID-19 vaccines that meet standards for emergency use, and they are distributing them to neighboring and economically developing countries. Russia’s Sputnik V vaccine has been made available to Venezuela, Argentina, Bolivia, Palestine and Hungary. The United Arab Emirates has received vaccines from Sinopharm in China and has approved Russia’s Sputnik V vaccine. COVID-19 vaccines and medications are lifesaving necessities. The pharmaceutical corporations’ grip on their production and distribution proves that the intellectual property patent system does not work. It was not designed to deal with pandemics or many other vital human needs. The patent system that limits access to human necessities is an indictment of capitalism, which always puts profits before human needs. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this In October 2020, South Africa, India and several other countries called on the World Trade Organization to suspend IP rights on COVID-19 vaccine patents. Citing the emergency situation created by the pandemic, they called for lifting IP protections that obstruct access to, and impact affordability of, lifesaving vaccines and other medicines. Doctors Without Borders/Médecins Sans Frontières (MSF) launched a social media campaign to support the effort to lift patent bans in December 2020. Calling for governments to “put lives over profits” and warning against “pharma profiteering,” the call urged support for “#NoCovidMonopolies.” The monopolization of science The same article quotes Yuanqiong Hu, Senior Legal and Policy Advisor at the MSF Access Campaign, who stresses that putting the recipe online “would be a welcome first step.” The initial reasons given for designing patent laws were to encourage and protect individual inventors. But as capitalism developed, large corporate interests replaced individual creators as the beneficiaries. Most companies require their employees to sign over their innovative ideas to them. In this way, big corporations secure most of the resulting profits. The concept of IP is simply the newest device for the accumulation of wealth and power and the oppression of the masses by corporate elites like the Regeneron CEOs. In the development of any vaccines, the actual work is done by researchers, technicians, chemists and lab assistants, with equipment produced by factory workers, in buildings maintained by custodial staff. And many more workers carry out production and distribution. Thousands of volunteers serve like guinea pigs to test the vaccines’ efficacy.
Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 1 day ago White House Ripple Effects on Housing The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / White House Ripple Effects on Housing Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. in Daily Dose, Featured, Government, News Previous: Best Homes Title Agency Expands Midwest Footprint Next: Fannie Mae Economist: When Will Economy Bounce Back? Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago 2020-08-18 Christina Hughes Babb Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 1 day ago The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics. Yet, as America faces a historic shortage of homes for sale, researchers at Realtor.com take a close look at the manner in which each ticket might approach this vital issue, which could affect millions of Americans for years to come. Realtor.com’s Chief Economist Danielle Hale boils it down to two points of view—one shared largely among Republicans, the other among Democrats. “When voters make a decision in November, the choices are largely preserving the status quo in the housing market versus expanding opportunities for minorities, low-income and lower-middle class households,” Hale said. President Donald Trump has not released a specific housing plan, but his actions in office provide clues to what his future policies might be. “In the last four years, the homeownership rate has been going up, finally,” John Weicher, Director of the Center for Housing and Financial Markets at the Hudson Institute told Realtor.com. “Trump has recognized the importance of housing. It’s part of his strategy to rebuild the economy in the aftermath of the Great Recession, and it’s paid off.” A significant move by the Trump administration included pushing to privatize Fannie Mae and Freddie Mac (which back about half of America’s mortgages). Critics worry that the move could endanger the popular 30-year fixed-rate mortgage. At least, mortgage interest rates and fees could rise as a result of the change, according to Realtor.com. Also, the Affirmatively Furthering Fair Housing rule designed to encourage more affordable housing, has come to an end during the Trump administration—that benefits wealthier towns and suburbs, which fought the Obama-era rule, fearing it might lower property values. Supporters of the rule argue that the rule’s eradication could hurt lower-income consumers. “The rule was one of the main achievements of his predecessor,” says Edward Goetz, an urban policy professor at the University of Minnesota in Minneapolis. “The end result could be that local governments don’t take fair housing as seriously.” Trump also enacted specific tax changes, detailed on Realtor.com, that will affect the housing market. Democratic hopeful Joe Biden last February published a detailed housing plan. Even those who support his plan say Biden’s aspirations will be tough to achieve. “With the pandemic and the economic crisis, the affordable housing problems are only going to get worse,” Goetz said. “Recessionary conditions could make it tougher to find the money to enact these plans as local and state governments are scrambling for funding. The question is how much of this Biden can get through Congress—and how much of it can get funded.” One of Biden’s most popular ideas is a provision of a down payment tax credit of up to $15,000 for first-time homebuyers. However, some worry this proposal could be mistimed. “His idea of a down payment tax credit is great, but that might not be [the right] proposal for this market,” Hale said. “The housing market’s biggest problem today is the dearth of affordably priced homes. Right now we have too many buyers and not enough homes for sale.” If elected, Biden has pledged to help fight the racial housing gap related to lower homeownership rates for people of color. He’s proposed creating a national standard for appraising homes to make sure properties in “communities of color” wouldn’t be assessed at less than similar homes in comparable white neighborhoods. “It’s intriguing and would likely help equalize the playing field,” Hale said. Biden has also proposed creating a public agency that would help raise the credit scores of minority home buyers by considering things like rental payment histories and utility bills paid on time. Senator Kamala Harris’s addition to the Democratic ticket complements the Biden plan for housing, says Up For Growth, an organization focused on creating quality, affordable neighborhoods. For example, Harris introduced a Senate version of the Housing Is Infrastructure Act, a bill that supports low- and mixed-income housing through infrastructure improvements, investments in public housing, and expansion of funding to incentivize as much, locally. As stated by Up For Growth earlier this week, “Solving the national housing crisis will take serious proposals from members of both parties and on both ends of Pennsylvania Avenue.” About Author: Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago Related Articles August 18, 2020 1,122 Views Subscribe
Previous Article Next Article Related posts:No related photos. Study into antihistamines packaged as non-sedative reveals high level ofdrowsiness among usersAntihistamines sold as non-sedatives can cause drowsiness, a major researchproject by the Drug Safety Research Unit in Southampton has shown. Researchers warned that the drugs, used most intensively at this time ofyear to combat hay fever, “may be dangerous in the workplace and whendriving”. Of the four antihistamines investigated, acrivastine and cetirizine weremost likely to cause sleepiness. Researchers said that loratadine andfexofenadine had lower incidence of sedation, but still had some effects. So-called “second generation” antihistamines were introduced ashaving no or limited sedative effects. A meeting of international experts inManchester last month raised concern over the issue. Dr Charles Mercier-Guyon, a member of the European Commission’s workinggroup on alcohol, drugs and traffic safety, said,”Doctors should questiontheir patients about their profession and activities when prescribing. “They should choose the less sedative drugs for people who drive, andthose whose work is demanding.” In the research, questionnaires were sent to GPs covering a total of about40,000 patients prescribed the drugs, and the incidence of sedation wasrecorded. Full results were published in the British Medical Journal. Several European countries, including France and Sweden, have implementedthe European Union Directive on “red triangle” labelling ofsubstances known to have a sedative effect, but the UK has not followed suit. ‘Non-sedative’ drugs cause drowsiness in the workplaceOn 1 Jun 2000 in Personnel Today Comments are closed.
The acquisition will increase President Energy’s daily production by over 10% Image: the exploration contract covers 384km2. Photo courtesy of rawpixel/Pixabay. President Energy has agreed to acquire an exploration contract from Compañia General De Combustibles (CGC) in Argentina.The UK-based oil and gas Company said that it has conditionally agreed to take a 100% interest in the Angostura exploration contract area in the Rio Negro Province.Located directly to the west of the company’s Las Bases Concession, the exploration contract covers 384km2 and and President Energy’s pan-regional pipeline passes through the south west corner of the area.The acquisition will increase the company’s daily production by over 10%.Angostura currently produces 80,000 m3/day of gas and 50bopdPresently, 80,000 cubic metres of gas per day and 50 barrels of oil per day are drawn from the licence, representing in total slightly in excess of net 500 boepd, the company said.Currently, all the gas is compressed and dehydrated within Angostura, sent by pipeline to President’s Las Bases facility and then conveyed by the company’s own pan-regional gas pipeline to offtakers.The company said that the oil will be taken by truck to Las Bases/Puesto Prado and added to President’s existing oil production.President Energy Chairman Peter Levine said: “This corporate action represents a continuation of the strategy of leveraging on our critical mass in Rio Negro and, in this case in particular, our strategic gas pipeline.“The contemplated assignment would increase our production by over 10% whilst at the same time providing synergies and enhancing economies of scale.“I welcome the contemplated investment of CGC, a substantial well-known and respected oil and gas Company, as a shareholder in the Company.”The acquisition is subject to the consent of the Rio Negro Province to the assignment of the exploration contract.In November 2018, President Energy had said that its drilling program at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province had yielded positive results.
The Bank of England has raised its base lending rate to 0.75% from 0.5% following an unanimous vote by its Monetary Policy Committee (MPC).This is the first rise since November last year and the first time the bank rate has exceeded 0.5% since the dark days following the banking crisis when the base interest rate was reduced from 1% to 0.5% in early 2009.Today’s announcement follows recent cheery economic reports including inflation that appears to be under control at 2.4%, improving economic output in the medium term and increasing employment.This, the committee reasoned, was underlined by forecasted GDP growth of 1.75% this year and better than expected global demand for British goods.But Brexit looms darkly in the background, the committee members recognise.“The MPC continues to recognise that the economic outlook could be influenced significantly by the response of households, businesses and financial markets to developments related to the process of EU withdrawal,” its statement says.Industry reaction“We welcome the Bank of England’s small increase to interest rates today,” says Jack Ballantine (left), Director of Residential Development & Investment at Sotheby’s International Realty.“Sterling’s value is now likely to increase, giving added confidence to foreign investors which is exactly what is needed following punitive tax changes and uncertainty around Brexit.“The move further solidifies London’s economic stability and is unlikely to have a negative impact on house prices.”Nick Leeming, Chairman of Jackson-Stops (right) , says: “Good things don’t usually last forever however and while the end of this golden period of great mortgage deals won’t be a surprise to the vast majority of prospective and current home owners, many have become accustomed to a decade of low rates.”David Westgate (left), Group Chief Executive of Andrews Property Group, says: Now that this has been confirmed and given that it had been predicted for some time, it is very unlikely to cause any shock waves in the property market.“We mustn’t forget that rates are still at a record low and have been for ten years. Indeed, we should remind ourselves that back in 2008, before the economic dip, the base rate was around 5%.” Jack Ballantine Monetary Policy Committee Jackson-stops Nick Leeming 0.75% Andrews Bank of England base rate Sothebys David Westgage August 2, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Will today’s 0.25% base interest rate hike slow the property market even more? previous nextHousing MarketWill today’s 0.25% base interest rate hike slow the property market even more?The Bank of England has today raised the base interest rate to 0.75%, but will it put off home buyers in the short term as new mortgages become more expensive?Nigel Lewis2nd August 201802,342 Views