News / Forwarders want reduced FSC as Qatar Airways follows Emirates in going all-in

first_imgBy Alex Lennane 14/01/2015 Qatar Airways Cargo has become the second airline to adopt an all-in rate and put an end to fuel and security surcharges.In a week in which the French freight forwarding industry expressed anger at airlines which have failed to cut fuel surcharges, the move was welcomed by customers.In a letter to customers on January 12, Qatar Airways said that it “recognises that current surcharge conventions expose the supply chain to significant price volatility. After careful consideration and following the requests of its customers…[Qatar] concluded that for us, a revision of this principle is necessary.”From April, the carrier will replace the “++ structure” and “abolish both its fuel and security surcharges”. The decision follows last week’s move by Emirates to end fuel and security surcharges.TLF Overseas, a French supply chain and logistics association representing forwarders, issued a statement backing the change.It said: “TLF Overseas welcomes the announcement made recently by an airline that it will change its rate structure, having understood how difficult it is to manage the current system of an amount of surcharges and ancillary costs backed to freight rates. TLF Overseas encourages other airlines to follow suit.”The fuel surcharge has come under the spotlight in recent months as fuel prices continue to fall. IATA’s Jet Fuel Price Monitor this morning shows that the jet fuel price has fallen more than 43% since January 2 2014.However, forwarders claim that airlines have not passed on this price advantage.Florent Noblet, airfreight delegate for LF Overseas, told The Loadstar: “My members consider that a majority of airlines should decrease their fuel surcharges, and this decline is expected by the forwarders to be higher and much more in line with the real variation of the oil prices,”TLF’s statement added: “Primarily temporary, the fuel surcharge became permanent and uncorrelated to the variation of the oil prices, apart from when they have been taking a bullish direction. Air carriers were indeed more likely over the past 13 years to increase their fuel surcharge as soon as the oil price rose rather than granting cuts when it decreased.”Mr Noblet singled out Air France Cargo as a carrier which appeared not to have implemented fuel surcharge decreases reflecting the fall in fuel price.The carrier told The Loadstar that if there were to be any FSC changes, customers would be informed before media. It also stated that information on its hedging policy was confidential.However, an article in Bloomberg in August stated that “Air France-KLM hedged 63% of its estimated $2.4bn fuel bill for the third quarter, compared with 75% of its $2.5bn consumption a year earlier, data from the company show. That was the biggest percentage decrease among the largest European carriers, and it was the only company to reduce hedging for all periods when it reported half-year earnings on July 25.”Air France-KLM Cargo’s website gives fuel surcharge levels as at 11 September, 2012, although its security surcharge was updated in November 2014.“It is true that many airlines buy fuel in advance,” acknowledged Klaus Pfab, chairman of the Clecat Air Logistics Institute and former CEO of DHL Global Forwarding France. “But when fuel increases, they increase the surcharge immediately. Now there has been a significant reduction – but they haven’t reduced it.“The FSC has become higher than the air freight charge in many cases,” he noted, calling the situation “ridiculous”.“Airlines say they can decrease the freight rate because the FSC is high. But the rate is there to cover their other costs.”He said that forwarders were not concerned about being locked into all-in rates. “There is a negotiation to be had. Fuel prices can go up or down and forwarders will either absorb the cost or benefit from it.”He added: “I think this decision by Emirates and Qatar will force other airlines to go in the same direction. Customers will favour airlines where there is transparency.“And airlines that maintain complicated, and not user-friendly, rates will probably get less freight than the others.”last_img read more

News / GAC to expand Asia-Pacific contract logistics footprint as demand spikes

first_img Dubai-based logistics group GAC plans to expand its Asia-Pacific contract logistics operations as regional growth, e-commerce sales and trade war tensions drive up demand.“Many FMCG, retail and pharmaceutical companies have manufacturing plants in this part of the world, for the comparatively lower production costs and to be closer to their customers,” said Lars Bergström, GAC’s group vice president for Asia-Pacific and the Indian Subcontinent.GAC operates warehouses and fulfilment centres in Dubai, Qatar, Bahrain, Indonesia, Malaysia, Singapore, Sri Lanka and Thailand, with a combined storage space of more than 450,000sq metres and 300,000 pallet positions.Asia-Pacific contract logistics providers are set to increase their market share by almost 7% between 2018 and 2022, according to Transport Intelligence (Ti), with the US and Europe losing ground.Mr Bergström noted that while China remained by far the largest contract logistics market in the region, Vietnam, Thailand, Malaysia and Indonesia were becoming “increasingly vibrant and attractive alternatives”, due to the US-China trade tensions.“It’s hard to predict what’s going to happen long-term,” he told The Loadstar.“The current observation is that US and Chinese importers have turned to alternative sources for products that are affected by the tariffs. According to Japanese financial firm Nomura, Vietnam has emerged as the largest beneficiary of the trade war.“We do not currently own or operate a facility in Vietnam, but, together with a few other emerging markets in the region, it is definitely on our expansion radar.”However, he warned that South-east Asia lacked the infrastructure required to take up the slack from any immediate large-scale manufacturing shift from China.“Transport infrastructure remains an issue in some countries and cities, and warehousing capacity cannot be increased overnight,” explained Mr Bergström.With or without the trade war spillover, South-east Asian economies are booming, clocking-up regular 6% annual GDP growth – double the 3% global average. Mr Bergström said the region’s rapid e-commerce adoption was fuelling demand for contract logistics services, with online shopping expected to account for 28% of retail sales by 2023.In Vietnam, for example, e-commerce sales rocketed by 30% last year, to $8bn, and could double to $15bn by 2020, according to a report by the Vietnam eCommerce and Digital Economy Agency.“Consumers want faster and more flexible delivery options. Increasingly, supply chains are relying on smaller manufacturing plants and having facilities closer to the customers to better meet demand requirements,” Mr Bergström said.Retailers are using omni-channel logistics to create added convenience for their customers, but this brings challenges in fulfilling orders across multiple channels, including last-minute changes to orders and inventory control.“The contract logistics sector is facing immense change,” he added. “Customer expectations are increasing and service providers are under pressure to deliver a better service at lower cost. They can do so by harnessing new technology to help improve efficiency and reduce costs.”For GAC, this means rolling out its proprietary warehouse and transport management system, GACWare, and providing end-to-end customisable integrated solutions.“Contract logistics companies are also adopting an Uber-like model for last-mile deliveries for better cost efficiency,” he said. By Sam Whelan, Asia correspondent 17/06/2019last_img read more

STAT’s guide to health care conferences disrupted by the coronavirus crisis

first_img Tags Coronavirus March 2020The World Patient Safety, Science & Technology Summit is being postponed. It was originally slated to be held March 5-7 near Los Angeles. It has yet to be rescheduled.The Association of University Technology Managers, or AUTM, has canceled its annual meeting. It had been slated for March 8-11 in San Diego.The Conference on Retroviruses and Opportunistic Infections, or CROI, is being moved online, in place of its original venue in Boston. It will be happening March 8-11.The big health-tech industry meeting HIMSS has been canceled for the first time in its nearly 60-year history. It was supposed to have been held March 9-13 in Orlando. President Trump had been slated to speak at the event.Bio Asia, the regional gathering put on by the trade group BIO, has been canceled. It had been slated for March 10-11 in Tokyo.The investment bank Barclays is moving its conference for health care investors online. The event had originally been scheduled for March 10-12 in Miami.AMR, the conference focused on antimicrobial resistance, is being postponed. Organizers cited a ban on events in the conference’s host city of Basel, Switzerland. The gathering, originally slated for March 12-13, is being rescheduled for August.The Future of Individualized Medicine conference, put on by Scripps Research’s Eric Topol, has been canceled. It was supposed to have been held March 12-13 in San Diego.The American Academy of Allergy, Asthma & Immunology, or AAAAI, has canceled its annual meeting. It was supposed to have been held in Philadelphia March 13-16.South by Southwest, or SXSW, has been canceled; organizers cited a decision made by the festival’s host city of Austin, Tex. SXSW spans many industries, but in the past few years it has increasingly drawn attendees working in biotech and health care. The festival was supposed to have happened March 13-22.The Cognitive Neuroscience Society, or CNS, is moving its annual meeting online. The gathering was supposed to have happened in Boston in March 14-17.Call-on Congress, an advocacy event put on by the patient group Fight Colorectal Cancer, is being moved online. Instead of traveling to Washington D.C., colorectal cancer patients will stay home to listen to live-streamed speakers and send emails to lawmakers. It will be happening March 15-16.The Society of Toxicology has canceled its annual meeting. The event was supposed to have been held March 15-19 in Anaheim, Calif.The American College of Medical Genetics and Genomics, or ACMG, has canceled its annual meeting. The gathering was supposed to have been held March 17-21 in San Antonio, Tex.The American Organization for Nursing Leadership, or AONL, has canceled its annual meeting. It had been scheduled for March 18-21 in Nashville, Tenn.The National Comprehensive Cancer Network, or NCCN, is postponing its annual meeting. The gathering of oncologists had been scheduled for March 19-22 in Orlando.The American Medical Informatics Association, or AMIA, has canceled its informatics summit. The event had been scheduled for March 23-26 in Houston.The American Chemical Society has canceled its national meeting, known as ACS. It was supposed to have happened in Philadelphia March 22-26.The Muscular Dystrophy Association, or MDA, is postponing its clinical and scientific conference. It had been scheduled to happen March 22-25 in Orlando.Bio-Europe Spring, which had been planned to be held in Paris, is being moved online. It is set to happen March 23-27.The American College of Healthcare Executives has canceled its Congress on Healthcare Leadership. The event had been slated to be held March 23-26 in Chicago.The Drug, Chemical & Associated Technologies Association, or DCAT, has canceled its conference. It had been scheduled to be held March 23-26 in New York City.The startup accelerator Y Combinator’s biannual Demo Day, scheduled for March 23, is being moved online. The event is typically held in person in San Francisco. It’s a chance for Y Combinator’s latest batch of 250 startups — an increasing number of which are working in biology — to make their pitch to investors.The Precision Medicine Leaders’ Summit is being postponed. It had originally been scheduled for March 25-26 in Boston. It is being rescheduled for September 1-2.The Virtual Medicine conference, or vMed, has been canceled. It had been scheduled to be held March 25-26 at Cedars-Sinai Medical Center in Los Angeles.The Decennial International Conference on Healthcare Associated Infections has been canceled. It had been scheduled for March 26-30 in Atlanta.The collaborative Observational Health Data Sciences and Informatics, or OHDSI, has canceled its European symposium. The event, originally scheduled for March 27-29 in Oxford, U.K., will be replaced with a virtual “study-a-thon” that will be focused on generating real-world evidence that can inform the response to the coronavirus pandemic.The Massachusetts trade group MassBio is postponing its annual meeting. It had originally been scheduled for March 27-28 in Cambridge, Mass. It is being rescheduled for August 26=27.The American College of Cardiology’s big cardiology meeting, known as ACC, has been canceled. It had been scheduled to take place in Chicago from March 28-30.The Endocrine Society’s annual meeting, known as ENDO, has been canceled. It was supposed to have happened March 28-31 in San Francisco.The Society of Gynecologic Oncology, or SGO, has canceled its annual meeting on women’s cancer. It had been scheduled for March 28-31 in Toronto.April 2020The nonprofit Binaytara Foundation is postponing its Summit on National and Global Cancer Health Disparities. The gathering was supposed to have been held April 3-4, in Bellevue, Wash., near Seattle, one of the communities in the U.S. that’s been hardest hit by the coronavirus. It is being rescheduled for the fall.The Experimental Biology conference, or EB, has been canceled. It had been set to be held April 4-7 in San Diego.The Health Care Systems Research Network, or HCSRN, has canceled its annual conference. It had been scheduled for April 8-10 in Philadelphia.DTC National, a conference for pharma marketers, is being postponed. It was originally scheduled to be held April 22-24 in Boston. It is being rescheduled for August.The Alliance for Regenerative Medicine has canceled its Cell & Gene Meeting on the Med, or Med20. It had been scheduled for April 15-17 in Barcelona.The American College of Physicians, or ACP, has canceled its annual scientific meeting. The Internal Medicine Meeting had been scheduled to take place from April 23-25 in Los Angeles.The American Association for Cancer Research is postponing its big annual meeting, known as AACR. The gathering of oncologists and cancer researchers had been scheduled for April 24-29 in San Diego. A rescheduled date is being planned for later this year.The American Academy of Neurology, or AAN, has canceled its annual meeting. It had been scheduled for April 25-May 1 in Toronto.The Symposium on Artificial Intelligence for Learning Health Systems, or SAIL, is being postponed. A new conference organized by medical AI researchers in academia, the event had been slated to be held in Bermuda April 27-29. The rescheduled date has yet to be announced.May 2020The Conference on Research in Computational Molecular Biology, or RECOMB, is being postponed. It had been scheduled for May 10-13 in Padova, a city in northern Italy, one of the global regions that has been hardest hit by the virus. The rescheduled date has yet to be announced.The Academy of Clinical Laboratory Physicians and Scientists, or ACLPS, has canceled its annual meeting. It had been scheduled for May 28-30 in Iowa City, Iowa.The American Society of Clinical Oncology, or ASCO, is moving its big annual meeting online. The gathering of oncologists, perhaps the most important of the year, had originally been scheduled for May 29-June 2 in Chicago.June 2020The Bay Area Symposium on Viruses, or BayViro, has been canceled. It had been scheduled for June 5 in the San Francisco Bay Area.The International Association of Bioethics’ World Congress of Bioethics is being moved online. It was originally scheduled for June 19-21 in Philadelphia.September 2020The Genome Science conference is being indefinitely postponed. It had been scheduled to be held in Bristol, U.K., in September. By Rebecca Robbins March 7, 2020 Reprints HealthSTAT’s guide to health care conferences disrupted by the coronavirus crisis But as Cornell chemist Dave Collum put it on Twitter:center_img As the novel coronavirus races around the globe, a growing number of conference organizers are cancelling, postponing, or virtualizing their medical meetings, biotech gatherings, and scientific summits.Similar moves are being made in many industries, but the pressure seems to be elevated in health care to call off conferences where the virus could spread. After all, many would-be attendees are coming from and returning to hospitals on the front lines of caring for people with Covid-19, the disease caused by the virus, or who are vulnerable to it.It’s too early to estimate the magnitude of the financial losses for organizers, attendees, and service industry professionals — not to mention the opportunity costs of deals and partnerships that could have been struck had meetings gone on as planned.advertisement Here’s a list of some of the most notable meeting disruptions in health care, in chronological order of when those events had been scheduled to occur. We’ll continue to update this post as we learn about other conferences.advertisement Adobelast_img read more

BREAKING: 59 more deaths reported from Coronavirus in Ireland

first_img BREAKING: 59 more deaths reported from Coronavirus in Ireland Twitter WhatsApp Previous articleNumber of people arrested for breaching Covid-19 restrictions doubles in a weekNext articleCoronavirus Daily Noticeboard – Tuesday, April 28, 2020 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. By Alan Hartnett – 28th April 2020 Pinterest WhatsApp Electric Picnic organisers release statement following confirmation of new festival date Electric Picnic Facebook Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Pinterest RELATED ARTICLESMORE FROM AUTHOR Facebook Home News BREAKING: 59 more deaths reported from Coronavirus in Ireland News Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Electric Picnic TAGSCoronavirusCovid-19 1,159 people have now died from Coronavirus in Ireland – an increase of 59 from yesterday.It is important to note that not all of these people passed away today and that this is the number that were reported to the Department of Health today.These people will have passed away in recent days and not just today.While there has been a total of 229 new cases of Coronavirus have been diagnosed in Ireland today.This is an increase on the cases from yesterday and takes the overall total to 19,877.As of midnight Monday 27 April, 153,054 tests have been carried out. Over the past week, 41,470 tests were carried out and of these 5,335 were positive, giving a positivity rate of 12.9%.The National Public Health Emergency Team met today (Tuesday 28 April) to determine a phased, risk-based, public health approach to inform any change to measures currently in place.It will continue to review evidence to enable the Minister for Health to make formal recommendations to Government over the coming days.Dr. Tony Holohan, Chief Medical Officer, Department of Health, said: “While there are many facets to Ireland’s approach to managing the impact of COVID-19, NPHET’s primary responsibility is to consider the impact on the public’s health and to advise on measures that can limit that impact.”Today’s data from the HPSC, as of midnight, Sunday 26th April (19,383 cases), reveals:· 58% are female and 42% are male· the median age of confirmed cases is 49 years· 2,638 cases (14%) have been hospitalised· Of those hospitalised, 358 cases have been admitted to ICU· 5,414 cases are associated with healthcare workers· Dublin has the highest number of cases at 9,624 (50% of all cases) followed by Kildare with 1,147 cases (6%) and then Cork with 1,126 cases (6%)· Of those for whom transmission status is known: community transmission accounts for 63%, close contact accounts for 33%, travel abroad accounts for 3%Northern Ireland, the UK and globally There have been 20 further deaths as result of Coronavirus in hospitals in Northern Ireland, the biggest single daily increase.It brings the total number of fatalities in hospitals to 329. Also, there have been 34 new cases of Covid-19, bringing the total to 3,408.The UK Coronavirus reported deaths rose again by 586 in past 24 hours. This is a 38% increase on yesterday’s number (which was lower due to weekend lag). A total of 21,678 people have now died in hospital.British health minister Matt Hancock has said in the daily Downing Street briefing that from tomorrow onwards, the UK Government will publish figures for deaths in nursing homes and in the community as well as deaths in hospitals.The UK is on track to become one of Europe’s worst-hit countries in the coronavirus pandemic, according to data that showed deaths from Covid-19 had already topped 20,000 by 17 April, including a fast-rising toll in care homes.There are now a total 3,094,000 cases of Coronavirus globally. There have been more than 213,000 deaths while 938,000 have recovered.New testing criteria The new clinical criteria for being eligible for testing have been given to GPs and apply from today.The patient now needs to have only one of the following three symptoms: Sudden onset of cough, fever or shortness of breath, indicating onset of an acute respiratory illness.They must also be in the priority group to be eligible for testing.The priority groups for Covid-19 testing also now include:Household contacts of health care workers and at-risk groups.Staff and residents of nursing homes and other residential care settings. Pregnant women, to ensure they can be managed safely in hospital. Prison staff and inmates.Groups most at risk of severe infection include those with the following vulnerable conditions: Heart disease, hypertension, diabetes, obesity, chronic lung disease, active malignancy in the last 5 years, chronic liver disease, chronic renal disease, cerebrovascular disease, as well as those who need to cocoon.Children with Coronavirus Kim Roberts, Assistant Professor of Virology at Trinity College in Dublin, said the data in relation to children contracting the coronavirus is not yet clear.He said: “”If we just ask people who have symptoms to self isolate then we’re not going to prevent transmission. Children aren’t showing the same classical symptoms. If we identify people who are infected based only on symptoms then it’s highly likely we’ll miss infected children.”While Dr Patrick Galvin, a consultant at Crumlins Children’s hospital told RTÉ’s News at One, that there has been only 20 children with confirmed coronavirus disease hospitalised in Ireland, and only two children placed in intensive care and no paediatric deaths here.Ligue 1 cancelled in France The 2019-20 season in France has been cancelled after the prime minister Edouard Philippe announced football games – even behind closed doors – will not be allowed before September.Last week, the French Professional Football League (LFP) announced plans for Ligue 1 and Ligue 2 to resume on June 17, with UEFA setting a deadline of August 2 for domestic leagues to be completed.However, it was announced on Tuesday afternoon by Philippe that the return of games will not be authorised before September, even behind closed doors, as part of the next stage of their lockdown plans beyond May 11.What that means for the Premier League remains to be seen.Important information Symptoms of Covid-19 include:CoughShortness of breathFeverBreathing difficulties.Further resources:The HSE: Official advice on the coronavirus in Ireland. This is being updated based on the number of confirmed cases and how the virus spreads in Ireland.The Department of Foreign Affairs: Official advice on where to avoid travelling to. Also a resource for those who are abroad.The World Health Organization (WHO): The UN agency on global public health publishes statements and daily situation reports based on the latest data.European Centre for Disease Prevention and Control (ECDC): The EU agency on the number of cases, deaths and how it’s spreading in Europe.The Johns Hopkins University map: A heat map of the confirmed cases across the world.A helpline for older people who are concerned about the coronavirus has been launched by Alone. The number is 0818 222 024, and it’s open Monday to Friday, 8am-8pm.SEE ALSO – For more Coronavirus stories click here News last_img read more

Corbet class sees Clonaslee claim another intermediate final

first_img TAGSClonasleeClonaslee v CrettyardCrettyardLaois IFC Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Home Sport GAA Corbet class sees Clonaslee claim another intermediate final SportGAAGaelic Football Clonaslee intermediate champions 2020 Brought to you in association with Sammy Kelly BuildersClonaslee 1-13 Crettyard 1-10Laois Shopping Centre IFC FinalNiall Corbet was the star of the show as he kicked 1-6 as Clonaslee avenged last year’s final defeat against Rosenallis to claim intermediate glory this evening in O’Moore Park.However, that doesn’t even begin to tell the story of a game that simply had everything.For the second year in a row, Clonaslee finished with 12 players but this time two of their dismissals were black card and the third, a straight red for Conor McEvoy, came deep in injury time.They actually had a numerical advantage for almost 15 minutes as Crettyard wing back Patrick O’Reilly was the first to see the line when he was dismissed following two yellow cards after 43 minutes.But in what was a very entertaining game to watch, Clonaslee just about shaded it and Niall Corbet was deservingly man of the match.Clonaslee began the game against the wind and they instantly dropped Jack Owens back as a sweeper to double up with Will Young on Evan O’Carroll.That largely worked as the pair cut out the supply to O’Carroll and limited him to two points in the half.While they caught fire themselves down the other end. John Rigney, Liam Senior and a brace of frees left them 0-4 to 0-1 ahead at the water break.Patrick Brennan landed Crettyard’s second on the resumption of play but they caught with a real sucker punch down the other end when Liam Senior burst forward and set up Niall Corbet who blasted the ball to the net.Crettyard responded with points from O’Carroll and Cormac Murphy but a late Crobet score left Clonaslee 1-5 to 0-4 ahead at half time.Clonaslee hit three wides at the start of the second half before John Rigney edged them five head before, from nowhere, Crettyard got a goal.Evan O’Carroll’s shot dropped short and it fell for Lee Salter who volleyed it, soccer style, into the back of the net.Evan O’Carroll then landed his third point and all of a sudden there was one between them – 1-6 to 1-5.Niall Corbet responded for Clonaslee with a free from a tight angle and then Crettyard were reduced to 14 men after 43 minutes.Patrick O’Reilly, who was booked in the first half, received a second yellow for a trip on Bob Downey and Crettyard would now have to play with a man less for the time that remained.But it was Crettyard who got the final score before the second water break through Patrick Brennan as Clonaslee led 1-7 to 1-6 at it.Clonaslee got going after the water break though and kicked three in a row through Bob Downey, Ger Dunne and Mark McEvoy.Crettyard were in trouble and they tried to respond with an Evan O’Carroll mark but they still trailed by three with 55 minutes on the clock.O’Carroll cut the gap to two a minute later with a free and the margin was still that after 58 minutes when Corbet and Salter traded efforts.Corbet took his tally to 1-6 as four minutes of injury were signalled – and how dramatic they were.Clonaslee lost both Jack Owens and Will Young to black cards. The sides traded points through Bob Downey and Ciaran Hosey but a row broke out in the aftermath of the Owens black card that saw Clonaslee reduced to 12 men as Conor McEvoy was shown a straight red.Crettyard through everything at them in search of an equalising goal but Clonaslee held on to win.SCORERS: Clonaslee: Niall Corbet 1-6 (three frees), John Rigney 0-2, Liam Senior 0-1, Bob Downey 0-2, Ger Dunne 0-1, Mark McEvoy 0-1 Crettyard: Evan O’Carroll 0-5 (one free, one mark), Lee Salter 1-1, Patrick Brennan 0-2, Cormac Murphy 0-1, Ciaran Hosey 0-1CLONASLEE: Barry Kelly; John Rigney, Mark McEvoy, Will Young; Conor McEvoy, Diarmuid Conroy, Will Murray; Liam Senior, Sean Condon; Michael Hyland, Ger Dunne, Bob Downey; James McRedmond, Niall Corbet, Jack Owens. Subs: Oisin Murray for W Murray and Glen McEvoy for Dunne (Both 52), Cian Barrett for McRedmond (57)CRETTYARD: Eoin O’Shea; Sean O’Shea, Ciaran Hosey, Eoin Delaney; Conor Mulhall, Cormac Phelan, Patrick O’Reilly; Ciaran Burke, Cormac Murphy; Niall Purcell, Patrick Brennan, Michael Nash; Lee Salter, Brian Brennan, Evan O’Carroll. Subs: Cristoir Maher for Brennan (23), Michael Jordan for Mulhall (36)Referee: Clifford Ward (Portarlington)SEE ALSO – What’s it like where you are? Four Laois people living abroad on their new Covid lifestyles Previous articleMercurial Moore the difference as Ballyfin reach second ever senior semi finalNext articleCoronavirus: 613 new cases with 28 of them in Laois Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Facebook News By Alan Hartnett – 3rd October 2020 WhatsApp Corbet class sees Clonaslee claim another intermediate final Electric Picnic Facebook Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Pinterest Twitter Pinterest Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Tax rules prevent many Canadians from saving enough for retirement: report

Keywords Pensions,  Retirement,  Pension reformCompanies C.D. Howe Institute “Solving this ‘have’ and ‘have-not’ divide in the pension outlook for Canadians is becoming urgent,” says Pierlot. More than 12 million Canadian workers do not participate in a DB pension plan. Many of these workers need to save for retirement, and must do so in RRSPs and defined-contribution pension plans. The authors demonstrate that tax rules prevent these workers from saving enough, even as career members of DB plans accumulate retirement savings worth as much as 60% of their total career incomes. This indicates a serious problem of inequity, the prospect of low living standards for future retirees and an increasing burden on income-support programs funded from general tax revenue, says the report. Those at particular risk of not having enough DC/RRSP contribution room include new Canadians, self-employed workers, and those who have incurred investment losses, experienced periods of unemployment or made RRSP withdrawals before retirement. The report notes that private sector workers tend to under-save in the first part of their careers. “In the current environment of low interest rates, an aging population, and increasing longevity, these workers have less time to save for retirement and must save more. But can they?” asks Pierlot. To answer this question, the study examines contribution and benefit limits in “tax assisted” DB pension plans, DC plans and RRSPs. These plans are intended primarily for workers with “middle class” incomes, who will not receive enough pension income from programs such as Old Age Security (OAS) and the Canada/Quebec Pension Plan (C/QPP) to maintain their living standards in retirement. The authors find that Canadian workers with career membership in generous DB plans can and do accumulate good pensions with values ranging from $550,000, for a worker with a career-end salary of $50,000, to $2.1 million with a career-end salary of $150,000. With RRSP savings included, their accumulations of retirement wealth are even greater. The study also finds that workers with similar career earnings who save in DC plans and RRSPs are prevented from accumulating even half of these amounts. Major reform is needed, so that all workers for whom the “tax-assisted” retirement saving system is intended can save enough for their retirements, according to the report. To make this a reality, the authors propose that Canada’s annual, income-based tax limits on retirement saving be discarded and replaced with a uniform, inflation-indexed lifetime accumulation limit of $2 million – the value of pensions now accumulated by high-income workers with career membership in generous DB pension plans, especially in the public sector. Budget 2021 revives tax issues from 2019 Facebook LinkedIn Twitter Federal tax rules are preventing many Canadians – especially in the private sector – from saving enough for retirement, according to a report released Thursday by the C.D. Howe Institute. Workers relying on RRSPs cannot accumulate even half the retirement wealth of career members of defined-benefit pension plans, says the report, Legal for Life: Why Canadians Need a Lifetime Retirement Saving Limit by James Pierlot with Faisal Siddiqi. Federal budget fails to support needed pension reform, retiree group says Canadian plan sponsors post positive quarter despite bond slump Related news Share this article and your comments with peers on social media IE Staff read more

St. Thomas Parish Council to Beautify Rudolph Elder Park

first_imgRelatedSt. Thomas Parish Council to Beautify Rudolph Elder Park RelatedSt. Thomas Parish Council to Beautify Rudolph Elder Park RelatedSt. Thomas Parish Council to Beautify Rudolph Elder Park FacebookTwitterWhatsAppEmail Some $2 million is being spent by the St. Thomas Parish Council to refurbish and beautify the Rudolph Elder Recreational Park in Morant Bay.Secretary/Manager of the Parish Council, Clinton Gordon told JIS News that approximately $550,000 will be used to replace toilet facilities, which have been in a state of disrepair over the years.He said the remaining funds will be used to install electrical fittings, upgrade the park’s entrance, and for general clean-up and landscaping, including the planting of tress. In addition, excess sand along the section of property near to the seashore will be cleared, while the shoreline will be re-enforced.Mr. Gordon told JIS News that storm surges during the passage of Hurricanes Dean and Ivan, had resulted in the dumping of sand in the park, while erosion had occurred along the shoreline.The Secretary/Manager said that the park, which has a rich history, is currently being used for civic ceremonies and the playing of netball, basketball and other sports competitions, among schools.He informed that the park will be venue for the Parish Council’s annual tree lighting ceremony, which is scheduled to take place on December 17.The Secretary Manager said that a plaque will be erected in the park in honour of Rudolph Elder, the late property owner and influential political figure, for whom the park is named.center_img St. Thomas Parish Council to Beautify Rudolph Elder Park UncategorizedDecember 6, 2007 Advertisementslast_img read more

Economic Impact Assessment on Rail Service Favourable – Henry

first_imgRelatedEconomic Impact Assessment on Rail Service Favourable – Henry FacebookTwitterWhatsAppEmail Minister of Transport and Works, Hon. Mike Henry, has said that the Economic Impact Assessment (EIA) for the rehabilitation of the railway in Jamaica, while not finalised, is “very favourable” in terms of the impact on economic development.“I must say that the Economic Impact Assessment (EIA) study is very favourable, as it relates very strongly on the impact the railway will have on our gross domestic product (GDP) and on our growth across the island,” he stated.Minister Henry, who is in London England this week, leading Jamaica’s delegation at the 26th International Maritime Organization (IMO) Assembly, told JIS News that he has had meetings in London to discuss the study.He has also met with other parties interested in the development of the island’s railway service, and will be holding follow up meetings in Jamaica next week, with the company conducting the EIA, to take these discussions further.“What I must now take to the Cabinet is an analysis of the economic impact and what impact, if any, the railway rehabilitation will have on the commitments of the Government and its economic situation,” the Minister said, adding that he will also be looking at other business studies.The Transport Minister told JIS News that he will be able to make a more structured comment on the railway rehabilitation process by the end of December or in January next year.The passenger rail service in Jamaica was suspended more than 15 years ago. The Government has been working to rehabilitate the service including the signing of a Memorandum of Understanding (MoU) with the Chinese Government.The Transport and Works Minister said the railway is an important part of the multi-modal transportation plan that will integrate road, rail, sea and air and play an important part in the country’s economic development. Economic Impact Assessment on Rail Service Favourable – Henry TransportNovember 28, 2009 RelatedEconomic Impact Assessment on Rail Service Favourable – Henrycenter_img RelatedEconomic Impact Assessment on Rail Service Favourable – Henry Advertisementslast_img read more

Canada investment to support local businesses and up to 675 jobs throughout Greater Sudbury

first_imgCanada investment to support local businesses and up to 675 jobs throughout Greater Sudbury From: FedNorPaul Lefebvre, Member of Parliament for Sudbury, and Marc G. Serré, Member of Parliament for Nickel Belt, today announced the Government of Canada is investing $960,000 to support the ongoing operations of the Nickel Basin Federal Development Corporation (Nickel Basin) for a three-year period. As result of this investment, Nickel Basin will assist approximately 60 businesses with start-up, maintenance and expansion efforts, which are expected to help create and maintain up to 675 local jobs.December 17, 2020 – Sudbury, ON – Federal Economic Development Initiative for Northern Ontario – FedNorAcross the country, the Government of Canada is helping businesses start and scale-up, while investing in families and communities to strengthen the economy. In Greater Sudbury, through FedNor, the federal government is working hard to provide businesses and entrepreneurs with access to the tools and resources they need to succeed, create local jobs and support regional recovery efforts.Paul Lefebvre, Member of Parliament for Sudbury, and Marc G. Serré, Member of Parliament for Nickel Belt, today announced the Government of Canada is investing $960,000 to support the ongoing operations of the Nickel Basin Federal Development Corporation (Nickel Basin) for a three-year period. As result of this investment, Nickel Basin will assist approximately 60 businesses with start-up, maintenance and expansion efforts, which are expected to help create and maintain up to 675 local jobs.For more than 20 years, Nickel Basin has been helping local entrepreneurs start or expand their businesses, create local jobs and support a stronger more diversified economy. Based in Sudbury, Nickel Basin provides a full range of business development services, including access to capital, mentoring, information and referrals. To accelerate the growth of scalable technology start-ups, the organization also administers the Sudbury Catalyst Fund, which makes equity investments in start-up companies in key sectors including clean tech, biomed and advanced manufacturing.Today’s announcement is further proof of the Government of Canada’s commitment to Canadian businesses – helping them to overcome the challenges posed by COVID-19. Initiatives like this will help get Canadians back to work safely and ensure that small businesses, which are the backbone of the Canadian economy, can play a major role in Canada’s economic recovery.Quotes“Strong local economies rely upon the prosperity and growth of local businesses and entrepreneurs. In these uncertain times, we want Canadian businesses to know that we have their back. We will help our business and community partners adapt to the quickly evolving social and economic realities, and support their efforts to strengthen Northern Ontario’s economy and create good jobs for Ontarians.”– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor“The Government of Canada has a phased plan for a robust, lasting recovery that supports families and businesses in Greater Sudbury and across the country. Through FedNor, we are working at the speed of business to kick-start the economy, create jobs and provide businesses with access to the resources they need to not only survive, but thrive as our economy recovers from the impact of COVID-19.”– Paul Lefebvre, Member of Parliament for Sudbury“I’m thrilled that today’s announcement will allow Nickel Basin to provide ongoing support to Nickel Belt – Greater Sudbury’s business community. This strategic investment will support recovery efforts, generate business opportunities and attract private-sector investment and good-paying jobs to the region. Targeted, carefully thought-out investments just like this one are one of the many ways we are supporting local business and positioning our economy to come roaring back, stronger than ever before.”– Marc G. Serré, Member of Parliament for Nickel Belt“We are proud to partner with the Government of Canada through FedNor to support local businesses, create jobs and help maximize the economic potential of the Greater Sudbury region. As we recover from the impacts of COVID-19, Nickel Basin is also stepping-up efforts to support our recovery by helping businesses stay afloat, keep their doors open and overcome challenges caused by the pandemic.” – Paul Reid, Chair, Nickel Basin Federal Development CorporationQuick factsThe funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, create jobs, enhance business development and growth, and facilitate innovation.The Nickel Basin Federal Development Corporation is a not-for-profit organization with a mandate to administer a community loan fund and provide business counselling services to support the development and growth of local small and medium-sized enterprises in Greater Sudbury.Since its inception in September 2000, Nickel Basin has authorized business loans totaling more than $40 million, while helping to create and maintain nearly 5,000 jobs. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:advanced manufacturing, business, Canada, community, covid-19, Economic Development, entrepreneurs, federal government, Government, innovation, Investment, Minister, parliament, resources, sustainable, technologylast_img read more

Take the Sexual Misconduct Survey: Be heard.

first_img“Sexual misconduct can interfere with a student’s academic performance and emotional and physical well-being”, said Teresa Wroe, deputy Title IX coordinator. “We are committed to ensuring that all students have the opportunity to benefit from a college education free from discrimination and harassment.”  The University of Colorado Boulder Office of Institutional Equity and Compliance launched the university’s first Sexual Misconduct Survey this past Monday, Oct. 19. The goal of the survey is to collect information on the frequency and types of sexual misconduct at CU-Boulder, including sexual assault, sexual harassment, sexual exploitation, intimate partner abuse and stalking. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail A result of cross campus collaboration, the Sexual Misconduct Survey is open to all CU-Boulder students, whether or not one has experienced sexual misconduct. Published: Oct. 23, 2015 center_img While the Sexual Misconduct Survey only addresses student experiences, the university recognizes the need to survey staff and faculty, and plans to administer a separate survey at a later date.  Further information can be found online at www.colorado.edu/sexual-misconduct-survey or by contacting Teresa Wroe at 303-735-7518. All CU-Boulder undergraduate and graduate students received a personal invitation to take the survey on Oct. 19 (students should check their CU-Boulder student email address for the personal invitation).The length of the survey depends on the respondent’s experience with sexual misconduct, but takes an average of eight to 20 minutes to complete. Once the survey is completed, students receive $5 Campus Cash credited to their Buff OneCard.  last_img read more