Betfred owner denies rival bid for William Hill

first_img He was reportedly considering a bid for the entire business due to challenging high street trading conditions amid the Covid-19 pandemic, the newspaper added, citing sources. Profit was down at William Hill in 2020, as the pandemic affected its retail stores. (Getty Images) Also Read: Betfred owner denies rival bid for William Hill The proposed takeover by Caesars, which owns Las Vegas’ iconic hotel and casino Caesars Palace, would mark a significant expansion across the Atlantic for William Hill, after a challenging trading period during the pandemic. City A.M. has contacted Betfred for comment. Sunday 4 October 2020 12:44 pm Tags: William Hill Chairman Roger Devlin said the US firm’s offer is the “best option” for the high street gambling firm “at an attractive price for shareholders”.  Betfred co-founder Fred Done has pushed back against reports that he will make a rival bid for William Hill, which has already given the green light to a £2.9bn deal with Las Vegas casino owner Caesars Entertainment.  The company said it would continue to operate “business as usual” while the deal undergoes regulatory scrutiny, and said its UK operations still has “a strong future ahead”. Profit was down at William Hill in 2020, as the pandemic affected its retail stores. (Getty Images) Done held informal discussions over a potential offer for the rival firm’s 1,400 betting shops at the end of last year.  Betfred owner denies rival bid for William Hill Show Comments ▼ “It recognises the significant progress the group has made over the last 18 months, as well as the risk and significant investment required to maximise the US opportunity given intense competition in the US,” Devlin said.  Share Jessica Clark whatsapp whatsapp Profit was down at William Hill in 2020, as the pandemic affected its retail stores. (Getty Images) Also Read: Betfred owner denies rival bid for William Hill Done, who is William Hill’s second-biggest investor, was weighing up “all options” this weekend, the Sunday Telegraph reported. Caesars said on Wednesday that “the historic acquisition would bring together Caesars as one of the largest gaming-entertainment companies in the US… and William Hill as one of the world’s leading betting and gambling companies.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory”Waltons” Actress Says Magazine Ended Her CareerPast Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USANoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun William Hill on Wednesday confirmed it had given the green light to be acquired by Caesars for £2.9bn. However a spokesperson for the billionaire bookmaker has since confirmed that neither Done or Betfred will make an offer for the firm.  last_img read more

Alaska lawmakers spare public radio but propose cutting public TV funding

first_imgArts & Culture | Juneau | Politics | State GovernmentAlaska lawmakers spare public radio but propose cutting public TV fundingApril 15, 2016 by Nathaniel Herz, ADN Share:Darryl Tseu runs a camera as part of Gavel Alaska coverage of the Alaska Legislature. (Photo by Skip Gray/360 North)Public radio appears to have largely escaped the Alaska Legislature’s budget-cutting ax this year, but a House-Senate conference committee Friday proposed to eliminate the state’s $600,000 annual operating grant program for public television.“This total elimination of funding for television came out of the blue,” Bill Legere, the general manager for Juneau’s KTOO station, said in a phone interview Friday.He said the cut would hurt the state’s four public television stations — in Fairbanks, Anchorage, Juneau and Bethel — “pretty dramatically.”The proposed cut came at a Friday afternoon meeting of the conference committee, which is controlled by members of the Republican-led majorities in the House and Senate. The reduction isn’t final, and minority Democrats could push for public broadcasting money in budget negotiations, but the proposal makes the cut less likely to be reversed.The committee also decided Friday to preserve about $2 million in operating grant funding for public radio, rather than cut the money outright as the Senate’s budget had proposed.The $2 million, which was the figure budgeted by the House, is still a substantial reduction from $2.8 million last year, but stations have been preparing for the smaller cut, Legere said.“I think people made the case on radio that it was very important to rural Alaska,” Sen. Pete Kelly, R-Fairbanks, said in an interview after the meeting. He added: “TV, not so much.”For KTOO, the TV cut represents about $175,000 from its $1 million budget, and would probably eliminate programming from the national Public Broadcasting Service, like “Sesame Street” and “NewsHour,” Legere said.It would also reduce the budget for “Gavel Alaska,” KTOO’s public affairs program that covers the Legislature. And it would cut money for a fiber connection between Juneau and Anchorage that KTOO uses to get its signal to stations around the state, Legere said.Devin Kelly contributed to this story.Editor’s note: This story has been republished with permission from the Alaska Dispatch News. Share this story:last_img read more

Commission discusses how citizen complaints against Haines police should be dealt with

first_imgLocal Government | Public Safety | SoutheastCommission discusses how citizen complaints against Haines police should be dealt withMay 11, 2017 by Abbey Collins, KHNS-Haines Share:Haines Borough Police Department. (Photo by Emily Files/KHNS)A Haines Assembly member made public several critical accounts of the police department last month.The action motivated the union representing the officers to file a grievance against the borough.At its most recent meeting, the public safety commission continued the conversation of how complaints against the police should be dealt with.Audio Playerhttp://khns.org/wp-content/uploads/2017/05/11ComplaintswINTRO.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.“There’s very recent history with this,” said commission chair Jim Stanford. “I knew what was happening with the complaints. People … weren’t satisfied with what was going on. As a result, this wound up in the Assembly’s packets. I see the process as being really flawed. Somewhere it broke down.”Stanford is referring to an Assembly meeting in April, when Assembly member Tom Morphet publicly presented four accounts of negative interactions with police, which included the officer’s names.Police chief Heath Scott condemned Morphet’s accounts and the union representing the police officers filed a grievance with the borough.“It wasn’t my intent when I disclosed those complaints to the borough to seek any action against those officers, but to raise this question of how the police encounter the public and to have a public discussion,” Morphet said.The complaints Morphet brought forward weren’t the only police interactions at issue in the meeting.A couple residents talked about their experiences with police.Ray Staska didn’t want to get into the details of his situation, but spoke up generally about his discontent with the department.“I don’t want it to be exposed in the public. But I am damn pissed off at one officer’s procedures in this town,” Staska said. “I’ve been here over 30 years. And if it happens again, I won’t just go to the chief, I’ll go waste my money on an attorney.”Dean Lari recently had a drug charges against him dismissed because of issues with the police investigation.“We need some kind of accountability,” Lari said. “When police officers investigate themselves obviously they’re going to find themselves doing nothing wrong.”Scott said there is a procedure to deal with complaints against the department.“There is an appropriate way to bring these complaints into the police department without eroding the public’s sense of trust in us,” Scott said.Scott is the one that investigates the majority of complaints.When someone has a grievance, they fill out a form and give it to the police dispatcher or himself. Then, he takes into account all statements provided in the complaints. He also has to consider the officer’s rights as negotiated in a collective bargaining agreement with the union. Then there’s departmental policy and borough policy to consider.Someone can take it to the borough manager if they don’t feel comfortable going to the police with their complaint, Scott said.“Most of the time, nine times out of 10, the public is not going to see the outcome,” he said. “I give that complaint to the borough manager. It is considered a personnel action. Unless it is criminal.”Despite some clear public discontent with how complaints are handled, Scott said it is essential to follow the procedures in place.Share this story:last_img read more

Reba & Chaka: Deluxe Divas Open Hollywood Bowl 2012 Season

It may be time to reset expectations on when we’ll get a Covid-19 vaccine

first_img “By the end of January, we believe we’ll be able to vaccinate all seniors. By the March and April timeframe, we believe we’ll be able to vaccinate any American who desires a vaccination,” Mango said.In reality, that timeline has always been aspirational — probably excessively so. While Warp Speed and vaccine manufacturers and others involved in the effort have moved heaven and earth to accelerate vaccine production, at the end of the day, developing, testing, and manufacturing vaccines takes time. Vaccines are difficult to produce and there are always bumps in the road.“While it’s unfortunate, I don’t find it surprising that the timeline is being moved back,” said Michael Osterholm, director of the University of Minnesota’s Center for Infectious Diseases Research and Policy. “Clinical trials like this routinely have unexpected occurrences that delay planned timelines. It’s just not unexpected.”As for the idea that all Americans will have had a chance to be vaccinated by the early spring, Osterholm suggested it is going to take longer.“For many of us, we never thought that that was doable,” he said. “I commend Operation Warp Speed for what it has accomplished in the time it has, but to have vaccinated the U.S. population by March in my mind was never a realistic goal.”Two of the vaccines being supported by Operation Warp Speed have seen their Phase 3 trials paused to investigate unexpected illnesses among a small number of trial participants.AstraZeneca, which in June projected it could begin to supply up to 2 billion doses of vaccine in September, instead saw its Phase 3 trials in multiple countries put on hold when a participant experienced neurological symptoms that chairman Pascal Soriot said were consistent with transverse myelitis, a serious inflammatory disorder. While regulators in Britain, India, and South Africa quickly cleared Phase 3 trials to resume enrolling volunteers, the U.S. trial was paused for five weeks.Johnson & Johnson, the only manufacturer among the major vaccine makers testing a one-dose Covid vaccine, also saw its Phase 3 trial paused for two weeks after a male volunteer in his 20s suffered what the Washington Post reported to be a stroke.After an investigation, the FDA allowed J&J to resume the trial.Another manufacturer, Novavax, has pushed back the start date for its U.S. Phase 3 trial to the end of November; it had earlier said the trial would start this month.Anna Durbin, a vaccine researcher at Johns Hopkins Bloomberg School of Public Health, said the public needs to understand that Covid vaccines may be a bit further off than people have been led to believe.“We may see efficacy in one or more trials by the end of 2020, but that doesn’t mean we’re going to have a vaccine available at the end of 2020,” she said.“I think what people can take from this is that the process is not being rushed…. That’s a good thing,” Durbin said. “And certainly, I think the other message that has to be heard loud and clear is that even when an [emergency use authorization] is issued, we’re not going to have enough vaccine for everybody [immediately].” By Helen Branswell Oct. 29, 2020 Reprints Senior Writer, Infectious Disease Helen covers issues broadly related to infectious diseases, including outbreaks, preparedness, research, and vaccine development. HealthIt may be time to reset expectations on when we’ll get a Covid-19 vaccine On Tuesday, front-runner Pfizer revealed in an earnings call that the first interim analysis in its Phase 3 clinical trial has not yet occurred. That means there hadn’t yet been enough Covid infections among the trial participants to take a first stab at analyzing whether the people randomly assigned to receive vaccine were infected at a lower rate than people who were assigned to get a placebo injection.advertisement Google and the Mayo Clinic to use AI to better target radiation therapy About the Author Reprints @HelenBranswell Related: Related: Lawmakers release trove of Purdue documents detailing Sackler family’s involvement in opioid sales The ambitious drive to produce Covid-19 vaccine at warp speed seems to be running up against reality. We all probably need to reset our expectations about how quickly we’re going to be able to be vaccinated.Pauses in clinical trials to investigate potential safety issues, a slower-than-expected rate of infections among participants in at least one of the trials, and signals that an expert panel advising the Food and Drug Administration may not be comfortable recommending use of vaccines on very limited safety and efficacy data appear to be adding up to a slippage in the estimates of when vaccine will be ready to be deployed.Asked Wednesday about when he expects the FDA will greenlight use of the first vaccines, Anthony Fauci moved the administration’s stated goalpost.advertisement Tags Coronavirus It’s possible that the company will cross that threshold sooner rather than later. But Pfizer, which has been one of the most aggressive players in the vaccine race, had earlier predicted it would know by the end of September if its vaccine worked — an estimate that was later pushed back to late October. The company now projects that it could apply to the FDA for an emergency use authorization for the vaccine, which it is developing with BioNTech, in mid-November.It is important to note that, to date, none of the vaccines being developed for the U.S. market has been proven to be effective in preventing Covid-19 disease. Early stage clinical trials have shown what appear to be promising signals; multiple vaccines have triggered production of important antibodies in people who have been immunized.But data generated in a few hundred people aren’t enough to determine whether a vaccine will actually fend off illness. That answer comes from large, Phase 3 trials, five of which are now underway in the United States. Their findings will ultimately tell us how soon vaccines may start to be rolled out to the masses.The administration has been saying for months that vaccine would be ready for deployment before the end of the year. In fact, President Trump had been hinting vaccine could be pushed out before Election Day, which it will not be; at a campaign rally on Wednesday night, he said vaccine would be ready “momentarily.”Other officials have been bullish in their own right. Just last Friday, Paul Mango, deputy chief of staff for policy for Health and Human Services Secretary Alex Azar, reiterated the administration’s projection that all Americans who want to be vaccinated against Covid-19 will have that opportunity by the early spring.“We believe before the end of this year we will be able to vaccinate our most vulnerable citizens,” Mango told journalists in an update on the work of Operation Warp Speed, the government’s effort to fast-track Covid-19 vaccines, drugs, and diagnostics. “Could be January, could be later. We don’t know,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an online interview with JAMA editor Howard Bauchner. Helen Branswell Adobelast_img read more

Here’s all your weekend sports fixtures with big soccer and GAA games down for decision

first_img Community Twitter Facebook Ten Laois based players named on Leinster rugby U-18 girls squad Twitter WhatsApp Rugby It’s getting to that time of the year where some sports are seeing their seasons wind down with rugby and basketball already packed up for the summer and soccer beginning to wind down now too.But while the volume of soccer games is down, the importance of them isn’t. Portlaoise AFC have two cup finals to look forward to this weekend, with their first team in the Lummy O’Reilly League Cup final of the Leinster Senior League against Edenderry on Sunday and their U-19s taking on Emo on Saturday in the CCFL Cup decider.There’s also cup final action on the double for Durrow side Lions – as they take on Evergreen in both the U-12 and U-16 finals in Kilkenny. On the GAA scene, there is action for the Laois senior and minor hurlers on Saturday – while there is a busy schedule of club football games in Laois on Friday night.All of the soccer and GAA fixtures for the weekend are listed below.FRIDAY, MAY 18GAALaois Shopping Centre ACHL Division 4 Round 4Colt/St Fintan’s V Park Ratheniska-Timahoe 7.30pmAbbeyleix St Lazarians V Camross 7.30pmMidlands Park Hotel U-17 Hurling League Division 2Rosenallis v Clonaslee St Manmans 7.30pmMidlands Park Hotel U-15 Hurling League Division 1 Rathdowney Errill V The Harps 6.30pmMidlands Park Hotel U-13 Football League Division 2 Group ACastletown Slieve Bloom V Clough-Ballacolla 6.30pmBallyfin V Rosenallis 6.30pmClonaslee St Manmans V Camross 6.30pmMidlands Park Hotel U-13 Football League Division 2 Group BO’Dempseys V The Heath 6.30pmMountmellick V The Harps 6.30pmMidlands Park Hotel U-13 Football League Division 1 Round 6St Pauls V Stradbally Parish Gaels 6.30pmPortlaoise V Graiguecullen 6.30pmPortarlington V Kilcavan 6.30pmBallyroan Abbey V Ballylinan 6.30pmSOCCERKilkenny Junior Division 3 Cup finalDeen Celtic v Clover Utd in Derdimus Park at 7pmSATURDAY, MAY 19GAAJoe McDonagh Cup Round 3Laois v Antrim in Dunloy at 1.30pmLeinster Minor Hurling Championship Round 2Laois v Dublin 3.30pm in O’Moore ParkTalent Academy Football Day 1 – U14“LOETB” Centre of Excellence 11:00 Laois 1 v Offaly 1“LOETB” Centre of Excellence 11:00 Laois 2 v Carlow 1“LOETB” Centre of Excellence 11:00 Carlow 2 v Offaly 2“LOETB” Centre of Excellence 12:00 Laois 1 v Offaly 2“LOETB” Centre of Excellence 12:00 Laois 2 v Carlow 2“LOETB” Centre of Excellence 12:00 Offaly 1 v Carlow 1“LOETB” Centre of Excellence 13:00 Laois 1 v Carlow 1“LOETB” Centre of Excellence 13:00 Laois 2 v Offaly 2“LOETB” Centre of Excellence 13:00 Offaly 1 v Carlow 2Talent Academy Football Day 1 – U-15Ballinakill, Wicklow – Laois x 2, Wexford x 2, Wicklow x 2Laois Shopping Centre ACFL Division 1 Round 7Stradbally V The Heath 7.30pmSt Joseph’s V Portarlington 7.30pmO’Dempseys V Portlaoise 6.30pmLaois Shopping Centre ACFL Division 1B Round 7Mountmellick V Rosenallis in Rosenallis at 5pmKilleshin V Crettyard 7.30pmBallyroan Abbey V Emo 5pmLaois Shopping Centre ACHL Division 3 Round 1Rathdowney Errill v Borris in Ossory Kilcotton 7.30pmSOCCERFirst-named team at home and all games at 2.30pm unless statedCCFL U-17 Cup FinalTullamore Town v Willow ParkCCFL U-19 Cup FinalEmo Celtic v Portlaoise B, 12noon in AbbeyleixCCFL Ml Dolan Division 1 Cup FinalCamlin Utd v Grange Utd, 3.00pmCCFL Division 1 SaturdayCastlepollard Celtic v Ballymahon AFCKilkenny U-12 Nicholas Marnell Cup FinalLions A v Evergreen Athletic at 12noon in Derdimus ParkKilkenny U-16 Brendan Lonergan Cup FinalLions A v Evergreen Athletic at 5pm in Derdimus ParkCarlow Seniors Division 1Crettyard Utd v Celtic StarsSUNDAY, MAY 20GAALaois Shopping Centre ACFL Division 4 Round 1Rosenallis V Emo 7pmLaois Shopping Centre ACHL Division 2 Round 2Trumera V Clough-Ballacolla 6pmSOCCERLeinster Senior League Lummy O’Reilly Cup FinalPortlaoise AFC v Edenderry Town at 11am in Porterstown Road, Clonsilla, DublinSEE ALSO – All of Thursday night’s Laois GAA results WhatsApp By Steven Miller – 18th May 2018 Pinterest RELATED ARTICLESMORE FROM AUTHOR Pinterest Five Laois monuments to receive almost €200,000 in government funding Here’s all your weekend sports fixtures with big soccer and GAA games down for decision Community Previous articleWorks on fatal accident black spot will cost ‘a multiple of €200k’Next articleLIVE BLOG: Follow all of the action from Day 3 of the Cumann na mBunscol hurling and camogie finals Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Facebook Home Sport GAA Here’s all your weekend sports fixtures with big soccer and GAA games… SportGAASoccer Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’last_img read more

Laois man to the fore in bringing new cleaning products to Europe in fight against Covid-19

first_img Electric Picnic WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleLaoisToday Podcast: Liam O’Neill on his early years, his breakthrough in Laois and his rise to GAA presidentNext articleNew RTE TV show looking for renovators and DIY builders Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. WhatsApp A Laois businessman is centrally involved in bringing new cleaning products to the European market that will help in the fight against Covid-19.Martin Crowley, who lives in Emo and has just recently finished his term as president of the Laois Chamber of Commerce, has teamed up with an American company to bring ‘microSURE’ to Europe.This is a cleaning and disinfectant product that can give up to three months surface protection from a virus and up to eight hours protection on your hands. A new laundry product that will give long-lasting protection to garments is also set to be launched to the European market.Mr Crowley initially had a meat distribution business Wilbay Ltd which he sold to Mallon Meats in 2016 after building it up to having an annual turnover of over €30 million.Originally from West Cork he set up that business in 1999 from his home in Portlaoise and later moved it to Emo. Electric Picnic He has an Irish-based partner for the microSURE products and it’s understood they have agreements in place with pharmacy and hotel groups in Europe.The Irish arm of the business – which is based from Mr Crowley’s home in Morette in Emo – is bringing in the vital raw ingredient from the USA and have an agreement in place with a pharmaceutical manufacturer in Ireland to produce and distribute it to the European market.“microSURE Europe Ltd, a county Laois-based company has entered into a partnership agreement with US based firms Strategia and SKN Biophama to produce products for the European market that will provide protection for hands, skin, hard and soft surfaces in our homes and work places against harmful pathogens including Covid 19 for up to several months depending on touch frequency,” said a statement released today. “Even more exciting is that microSURE also have a product range that are chemical free which also offer the same long lasting protection. All microSURE products have been tested and assessed as non-toxic, non-irritant, non-corrosive and food safe anti microbials.“This partnership with the US companies has allowed microSURE Europe Ltd to manufacture the product for the European market in Ireland while at the same time being able to draw on the expertise of the US professionals that have developed such an exciting product.”“The product itself was developed in America in 2008 for implants – steel fittings going into bodies,” explained Mr Crowley to LaoisToday.“They coated it to prevent infections and then they further developed it in 2014 for various viruses with the Sars and they got up to 90 days protection on that against all common funguses and bacteria etc.“Sars thankfully didn’t last. It kind of died down. So they never did anything until recently with Covid. In May or June I was made aware of the product and started to work with the Americans on it.”“Microsure Surface products provide protection against harmful pathogens including Sars CoV 2, the virus strain in Covid 19 by creating a covalent bond on a surface once dry,” adds the statement. “This covalent bond continues to protect surfaces depending on touch frequency for weeks and months ahead against harmful pathogen. It can be applied to both hard and soft surface.“It can be applied to walls, doors and items like gym equipment, computer keyboards, credit card terminals to name but a few. It’s also works outdoor surfaces, in all types of weather which will provide protection for frequent used items like ATMs, petrol pumps dispensers and stadiums etc.“Microsure Hand & Skin alcohol free products provide protection for up to eight hours, which is normally when skin begins to shed itself. This product has also the added benefit because of its bonding capabilities of reducing moisture lost from your skin. “Microsure hand products will provide protection for example to our school going children, once applied in the morning, for the full school day with just one application and with the bonus of being chemical free and harmless to our environment.“Microsure’s laundry product will give the hospitality sector the added reassurances for its customers that items such as bed linen, towels etc. are treated and protected. “Tests results on the laundry product have demonstrated that the product is still providing protection to treated items in excess of 75 industrial washes.”Mr Crowley accepted that if the product takes off “it could explode”. And he also said that for him personally it was more exciting than the initial days setting up Wilbay Ltd.“The exciting point about this would be if we could have a role in bringing the country back to normality I’d be delighted with it.Martin Crowley and Bernie Everard from Laois Chamber with Minister for State at the Department of Finance Sean Fleming TD at the The Portlaoise Plaza jobs announcement in July of last year. Picture: Alf Harvey.“But I’d be very level headed. There’s always challenges in developing any business or any hiccups that come along.“It’s probably more exciting (than Wilbay) to be truthful with you because it’s the potential of what it can do rather than the potential of what it can earn.”For more information on their products, you can check out their products on www.microsure.eu. SEE ALSO – Boost for Laois footballers as Donie Kingston commits for 2021 season TAGSCoronavirusEmoMartin CrowleyMicrosure Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival center_img Pinterest Facebook Home News Business Laois man to the fore in bringing new cleaning products to Europe… NewsBusiness Facebook Pinterest Electric Picnic organisers release statement following confirmation of new festival date By Steven Miller – 15th January 2021 Electric Picnic Laois man to the fore in bringing new cleaning products to Europe in fight against Covid-19 Electric Picnic apply to Laois County Council for new date for this year’s festivallast_img read more

Fitch affirms United States at ‘AAA’

Fitch says that its current assessment is that the economic recovery is gaining traction “as the headwinds from private sector debt deleveraging ease. This is underpinned by a pick-up in the housing market and gradual decline in unemployment.” The outlook remains negative, Fitch notes, “due to continuing uncertainty over the prospect for additional deficit-reduction measures necessary to reduce government indebtedness over the medium to long term”, along with the near-term risk associated with the expiration of federal appropriations authority at the end of the current fiscal year (Sept. 30), and whether there will be a timely increase in the debt limit. Fitch says it will conduct a further review of the U.S. sovereign ratings by the end of 2013, which is expected to resolve the negative outlook. “This review will reflect our assessment of the prospects for further deficit-reduction measures in future years necessary to contain government deficits in the face of long-term spending pressures and place public debt on a downward path,” it says. Related news Stranded assets a downgrade risk in a low-carbon economy Keywords Sovereign rating,  United States Fitch Ratings has affirmed its sovereign credit ratings on the United States, although the outlook remains negative. The rating agency said Friday that its decision to affirm the current AAA sovereign rating reflects the country’s strong economic and credit fundamentals, including the global reserve currency status of the U.S. dollar, and its progress on reducing government budget deficits. In particular, it notes that the federal budget deficit has been cut in half since 2010, and is now “approaching a level consistent with debt stabilization.” James Langton Sovereign downgrades to follow Covid-19: Fitch Fitch drops Canada’s AAA rating Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

Govt. to Spend $652 Million on Water Supply Projects

first_imgRelatedGovt. to Spend $652 Million on Water Supply Projects RelatedGovt. to Spend $652 Million on Water Supply Projects Advertisements Govt. to Spend $652 Million on Water Supply Projects UncategorizedMay 24, 2008center_img FacebookTwitterWhatsAppEmail Government will be spending some $652 million during the 2008/09 financial year to develop water supply projects in several parishes.Minister of State for Water and Housing, Everald Warmington made this disclosure while addressing a contract signing and ground breaking ceremony for the Fruitful Vale water supply system on April 30, at the Fruitful Vale All-age School in Portland.Mr. Warmington said the projects would be developed by the Rural Water Supply Limited, with four earmarked for St. Catherine, three each for St. Mary and Clarendon, and one each for Trelawny, Hanover, and St. Ann.In addition, he said the company would pursue development of the Rural Water Supply Master Plan at a cost of $50 million to carry out the mandate of the water sector.The State Minister explained that the plan would enable the development of a comprehensive strategy for the supply of safe drinking water within each parish, taking into consideration projected demand, status of existing systems, water resource availability, and the socio-economic profiles of communities.He pointed out that $110 million would be required to upgrade and improve small parish council systems islandwide, adding that projects totaling $35 million would be selected for implementation this year.Mr. Warmington noted that some 14 contracts totalling approximately $89 million, for water supply development, have been signed since this administration assumed office in September of last year. RelatedGovt. to Spend $652 Million on Water Supply Projectslast_img read more

Grandma Praises JIS Research Facilities

first_imgRelatedGrandma Praises JIS Research Facilities Grandma Praises JIS Research Facilities Office of the Prime MinisterApril 18, 2009 RelatedGrandma Praises JIS Research Facilities RelatedGrandma Praises JIS Research Facilitiescenter_img FacebookTwitterWhatsAppEmail Wednesday, April 1 may have been All Fool’s Day, but 69-year-old Adina Anderson was not pulling a stunt when she told the staff of the Jamaica Information Service’s (JIS) Research and Publications Department that she was working on a school project.The idea raised eyebrows, but this grandmother of two was really at the JIS to conduct research for granddaughter Kelsey Ann Anderson’s school assignment.“This is not my first visit,” she asserted, as she recounted the many occasions, over the years, that she has relied on the Agency’s research facilities for information.Mrs. Anderson praises the Government’s information agency for continuously providing wholesome, educational programmes to uplift Jamaicans.Librarian in the JIS Research and Publications Department, Marsha-Gay Robinson, assists these students with research material on Reggae music.“I have always been curious about JIS, because there is a lot that I learn from here,” she confessed. “I have nieces who went to deCarteret High and Holmwood Technical High Schools, and they always ask me for information for projects.”While the requests may vary, Mrs. Anderson says she is always able to find the information she needs at the JIS.Manager of the Research and Publications Department, Celia Lindsay, notes that the information provided by the Department is specialised and focusses on areas such as Government policies and programmes, and Jamaican history, culture and heritage.“As the Government’s information arm, the JIS is dedicated to providing accurate, up-to-date information and first class service and our collection has books, pamphlets, periodicals and newspaper clippings, dating as far back as the early 1940s,” she indicated.Prior to September, 2008, the research and publications functions of the JIS were the responsibilities of two other departments- Computer and Research Services and Advertising and Pre-Press.Miss Lindsay notes that, despite the name change, the Department remains a relevant and integral resource point for information on Jamaica. Now known as Research and Publications, the Department continues to provide commendable archival and library support to a range of clients, mainly Government Ministries and agencies, public servants, academics, tertiary and secondary school students, private sector entities and the general public.Miss Lindsay says that the Department has been working assiduously to reposition itself as a provider of up-to-date research/reference material on Government’s programmes and policies, and is a comprehensive source of reference information about history, people and culture.“We hope to reaffirm the JIS as the first point of contact for Government documents, such as Ministry Papers, reports, speeches of past Prime Ministers, Budget and Sectoral Speeches, Laws and Amendments and other information,” Miss Lindsay states.“The Department also sells a range of publications depicting Jamaica’s rich cultural and political heritage, as well as the official flag of Jamaica and the CARICOM standard,” she added.She hopes more Jamaicans, and other nationalities, will follow Mrs. Anderson’s example, and not only use the research facilities but also listen to JIS Radio and watch JIS Television.Miss Lindsay says that the department is quite accommodating and facilitates research requests made through various channels.“We offer research and reference assistance via telephone, email, snail mail and to walk in visitors by appointment,” she states.In the meantime, Grandma Adina is urging caregivers to instill good values and attitudes in their young wards.“Once you have an idea how to guide them, you should find a little time to do so, because you have walked this road before. So it is right that you should help the others coming behind you, so you can leave a bit of the legacy behind,” she says.While not being able to acquire secondary or tertiary level training, this dedicated wife and proud mother and grandmother, says she has made it her priority to ensure that her children receive a sound education.“One of the concerns I have is that too many of our parents are not able to read and write, so sometimes they can’t guide the children .They (children) live at home with you and they don’t even see you pick up a book to motivate them. Even when you don’t understand, take up a book nuh, it encourages the children,” she suggests. Advertisementslast_img read more