Turkish lira slumps further as surprise decision to keep interest rates on hold undermines credibility of central bank

Turkey’s central bank shocked investors as it left its main interest rate unchanged in the face of a sliding currency.The decision raises concerns about political interference in monetary policy by the government ahead of UK Prime Minister Theresa May’s visit to Turkey this weekend, following her first meeting with US President Donald Trump. Share Tuesday 24 January 2017 3:17 pm Erdogan had previously drawn ridicule for urging Turkish citizens to buy lira with their foreign currency at a heavy loss to protect the currency. He also likened the sell-off in lira to a terrorist attack.Read more: Turkish lira hit further by currency devaluation “weapon”Kathleen Brooks, research director at City Index, said: “Today’s decision is likely to be viewed by the market as a politically motivated, rather than an economic one. The finance minister and President Erdogan have both said they don’t want to see higher interest rates due to the damage that it could do to the economy.”Turkey will vote in April to give President Erdogan further executive powers, in a move foreign observers say will significantly weaken democracy in the country. The Turkish lira fell further against the US dollar as the bank bucked investors’ expectations of a 50 basis point rise in the main repurchase rate.However, it did tighten its marginal funding rate in an attempt to “contain the deterioration in the inflation outlook,” the bank said in a statement.Read more: Turkey stuffing: The lira continues to plummet against the dollarThe currency has been one of the worst performing in the world in the past six months as fears over instability and high inflation have seen it lose over a third of its value against the dollar from its peak in May.The bank was under significant pressure to tighten, but Turkish President Recep Tayyip Erdogan is publicly opposed to any rise in interest rates which could slow economic growth. It has previously attempted other unorthodox forms of tightening but has failed to stem losses to the currency. whatsapp Turkish lira slumps further as surprise decision to keep interest rates on hold undermines credibility of central bank Jasper Jolly whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoFactableTragic Reason She Was Drugged For ‘Wizard Of Oz’FactableUndozenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndo read more

Hedge fund tycoon Alan Howard brushes off poor performance with impressive rally in the AH Fund

Hedge fund tycoon Alan Howard brushes off poor performance with impressive rally in the AH Fund Hedge fund billionaire Alan Howard, the co-founder of Brevan Howard, has made an impressive comeback after a lengthy spell of lacklustre performance.Brevan Howard’s $2.3bn (£1.7bn) AH Fund, managed by Howard, rose 36.7 per cent in May to bring total year-to-date returns to 44.3 per cent, according to a source close to the firm. whatsapp Wednesday 6 June 2018 3:31 pm Brevan Howard’s flagship Master Fund has also been climbing. After the market closed on Tuesday, BH Macro – the London-listed fund vehicle that invests into the Brevan Howard Master Fund – reported a May gain in net asset value of 7.9 per cent, taking 2018 performance to 9.1 per cent.The firm will be hoping that BH Macro too will benefit from uncertainty in politics and monetary policy. Lucy White whatsapp The fund, which looks to make bets on macro-economic events around the world, was helped along by an uptick in volatility on the back of central banks moving away from bottoming interest rates, quantitative easing and forward guidance.”I am happy that the loyalty and confidence shown by my investors has been rewarded with a very positive result,” said Howard in an emailed statement, first given to Bloomberg.Howard launched the AH Fund last year, as investors began to defect from Brevan Howard. The thought was that investors would be persuaded to stick with a fund which counted Howard as its sole manager.However the fund took a knock over the course of last year, as data from its investors the New York City Fire Department Pension Fund and the New York City Police Pension Fund showed earlier this year that it lost nearly nine per cent net of fees.The AH Fund is still open to a small amount of new allocations from existing Brevan Howard investors. It charges a 0.75 per cent management fee and 30 per cent performance fee. Share read more

News / $586m loss hits ONE’s parent carriers, only MOL manages to stay in the black

first_img Japanese merged carrier Ocean Network Express (ONE) recorded a net loss of $586m in its first year of operation, however it said it expected to move into the black in its second year. ONE, formed from the container businesses of K Line, MOL and NYK, was supposed to produce synergistic returns for its parents. Instead it has dragged down the P&L accounts of the trio, which announced annual results today. NYK, which holds a 38% equity stake in ONE, posted a massive group loss of ¥44.5bn ($400m) for the year, prompting the replacement of Tadaaki Naito as president.The company said it resolved a change of its chairman, president and representative directors. The new president will be Hitoshi Nagasawa, currently executive vice president corporate officer.And, like its compatriots, NYK also underestimated the cost of ending its legacy liner business. It said it suffered “higher than expected one-time costs required to terminate the container shipping business”, which included severance payments to agents and penalties incurred on returning surplus containerships to owners earlier than the charter party expiry dates. K Line recorded a loss of ¥11bn ($99m) for the year, citing red ink incurred from its 31% stake in ONE as the primary reason. Only MOL, which also has a 31% holding in ONE, managed to stay in the black for the year, achieving a positive result of ¥27bn ($240m), mainly attributable to good performances from its dry bulk and energy transport businesses. But the carrier noted the business performance from ONE had resulted “in a significant deficit” from the sector. The botched launch of ONE on 1 April last year resulted in a significant loss of business and an estimated $400m impact on the bottom line. Chief executive Jeremy Nixon explained to investors in November that management had “underestimated the initial launch resource requirement”, causing chaos on operations desks throughout the new organisation and obliging loyal Japanese trading house customers to book their containers with other carriers. On the key Asia-Europe and transpacific tradelanes, it took ONE several months to regain customer confidence and thus restore load factors to acceptable levels. For the full-year utilisation levels recovered to 87% and 88%, respectively for the Asia-US and Asia-Europe headhaul routes, having plunged below 70% in the first quarter. Turnover in the first 12 months was $10.9bn, but ONE is seeking to improve its revenue in year two by 17% to $12.7bn and is targeting a profit of $85m. ONE is more optimistic about growth than some of its peers and is projecting a 4% increase in demand. “Profit is expected to gradually recover throughout H1, with improved lifting,” said ONE, adding it expected that liftings would be restored to the pre-integration levels of the three carriers during the period. It said however that in the first three months of the calendar year, and the carrier’s Q4, trade had been “relatively weak” eastbound between Asia and the US “due in part to a backlash downturn from the earlier rush demand ahead of additional US tariffs on China”. In regard to the Asia to Europe tradelane it said that although long-term contracts had improved, soft demand following the Chinese new year had resulted in a decline in spot rates. ONE said that its action plan for profit improvement was to “establish an organisation that can tolerate market volatility” advancing the carrier from a period of “stabilisation” to a secondary stage of “reformation”. The four parts of its 2019 action plan are: cargo portfolio optimisation; product rationalisation; an organisation restructure and an increase in the targeted $1bn cost saving synergies from the merger to 96% this year, from the 82% achieved in the first year. By Mike Wackett 26/04/2019last_img read more

News / North American intermodal traffic hits the buffers, but some signals are brighter

first_img That sinking feeling continues: the Association of American Railroads (AAR) is looking back on a bleak year for intermodal traffic, and for the week that ended October 19, the organisation reported a 9.3% downturn in intermodal volumes.The previous week produced a 6.6% drop, and AAR members have now rolled through 42 consecutive weeks of continuing decline in their intermodal business. The tally for the year to date shows a drop of 4.3% in volume.With 1.06 million containers and trailers moved, last month was the lowest September for the AAR since 2016, and July and August were scarcely better. In the third quarter, AAR operators handled 5.1 million units, down 4.6% on a year ago.But for Union Pacific and CSX, intermodal business fell considerably more, the former reporting a drop of 11%, to 1 million units in Q3, with intermodal revenue falling 9%, while at CSX, volume was down 9%, to 673,000 units, and revenue fell 11%.Non-US rail carriers did not fare a lot better: Canadian rail companies saw intermodal volumes decline by 4.6%, while Mexican intermodal traffic dropped 2.5%.And the numbers from the Intermodal Association of North America (IANA) are as equally dismal as those from the AAR. The organisation, which includes other players involved in intermodal business besides rail companies, registered a 3.75 drop in volumes in September, to 1,49 million units. Container traffic slipped by 3.9%, while trailers slumped 19.1%JB Hunt, the largest intermodal marketing company on the scene, reported flat Q3 volumes compared with last year. But revenue per mile and margins were both down. However, this marked an improvement on the second quarter, when volumes dropped 7.6% and operating income sank 7%.Operators that focus on international intermodal traffic have laid the blame squarely on the impact of tariffs on imports, particularly from China.Gene Seroka, executive director of the port of Los Angeles, said “the ill-advised US-China trade war continues to wreak havoc on American exporters and manufacturers”.IANA attributed the weakness in the international segment to slowing global trade, and agreed tariffs had been an issue. For the domestic decline, it pointed to increased available truck capacity, leading to softer prices and more aggressive competition from that side.CSX and Union Pacific top brass have blamed the US economy and a sluggish trucking market for the decline in their intermodal business.However, pundits have commented that neither of these two carriers appeared particularly concerned about their intermodal setbacks. If trucking firms managed to capture some intermodal business, it was arguably as much a result of their pricing approach as of a lack of response from the rail side. Both CSX and Union Pacific seem to be more focused on their transition to ‘precision railroading’ and have, reportedly, largely held the line on their intermodal pricing.According to JB Hunt, CSX’s transition to precision railroading led to the elimination of hundreds of traffic lanes, resulting in the loss of between 50,000 and 70,000 intermodal loads.Another factor for the rail companies’ muted response to the loss of intermodal business was likely an underlying confidence that there are better times ahead. A number of intermodal operators have signalled hopes that business will rebound before long.JB Hunt management expects the fourth quarter to produce higher volumes than in the same period last year. It looks to leverage its JB Hunt 360 portal for quotes and booking of truckload, LTL and intermodal shipments to boost traffic. In addition, it is planning to boost its reefer fleet in order to sustain double-digit growth in intermodal reefer business.Overall, the outlook for the coming decade looks modestly positive, according to the view from the rival perspective. The American Trucking Association’s recently published Freight Transportation Forecast: 2019 to 2030, predicts that trucking and total rail transport will lose market share (despite increases in tonnage and revenues), while intermodal business will show modest growth. By Ian Putzger 25/10/2019 © Wangkun Jia last_img read more

Minority communities will be hit hardest by soaring rates of Alzheimer’s disease

first_img Related: By David Satcher and William A. Vega June 14, 2017 Reprints Compared to whites, African-Americans are twice as likely and Latinos 1.5 times as likely to develop Alzheimer’s. A recent report by the University of Southern California Roybal Institute on Aging and LatinosAgainstAlzheimer’s found that the number of Latinos in the U.S. living with Alzheimer’s disease is projected to increase by 832 percent by 2060. David Satcher [email protected] First OpinionMinority communities will be hit hardest by soaring rates of Alzheimer’s disease Even though Alzheimer’s is more common among Latinos and African-Americans, they are less likely to be diagnosed with the disease in a timely fashion than whites. That steals valuable time to plan care. Further, Latino and African-American families are less likely to recognize the symptoms and signs of Alzheimer’s and dementia than whites, punctuating the need for increased promotion of brain health and research engagement within these growing communities.advertisement William A. Vega It’s time to stop side-stepping the obvious: In addition to affecting the lives of virtually all Americans in the coming years, Alzheimer’s disease will devastate communities of color. We must act with urgency and coordinated force today to prevent that from happening.According to new data from the Centers for Disease Control and Prevention, Alzheimer’s deaths increased by 55 percent among all Americans between 1999 and 2014. But they increased 99 percent for African-Americans and 107 percent for Latinos. While striking, that’s likely to be an underestimate because some independent studies have found that Alzheimer’s deaths are underreported on death certificates by approximately six times because death is often attributed to more immediate causes, like pneumonia.The CDC’s data highlight the acute challenges this disease poses for African-American and Latino communities, where this ever-worsening brain disease is growing disproportionately and where personal resources for fighting it are inadequate. In these communities, trust in medical institutions has been eroded by racism, low standards of care, and unjust past medical research practices.advertisement @USCRoybal Gender gap in Alzheimer’s disease rates, caregiving needs more attention The federal Administration on Aging has estimated that, by 2030, minorities will make up close to 30 percent of the older adult population in the United States — a trend that could be devastating for a growing number of Latino and African American families, as the likelihood of developing Alzheimer’s doubles about every five years after age 65. As our society ages and becomes increasingly multiethnic, addressing Alzheimer’s across all racial and ethnic groups must be a public health priority for state and federal governments.The CDC’s data also illuminate the impact that Alzheimer’s is placing on families and caregivers. According to the CDC, “Significant increases in Alzheimer’s deaths, coupled with an increase in the number of persons with Alzheimer’s dying at home, have likely added to the burden on family members or other unpaid caregivers.” That’s putting it mildly.In 2016, informal caregivers provided over 18 billion hours of unpaid care for individuals living with Alzheimer’s or dementia, at an economic value of more than $230 billion. African-American and Latino caregivers have reported spending more time providing intensive care for loved ones compared to their white or Asian American peers.We must work across federal agencies and independent organizations to address this crisis as we did with the polio epidemic in the 1950s, HIV/AIDS in the 1980s, and, more recently, diseases like Ebola and Zika.Any national effort must be adequately resourced to match the tremendous challenge that Alzheimer’s represents for our communities and our economy. Our national investment in Alzheimer’s research and programming totals less than 1 percent of the $259 billion we spend on the disease in direct and indirect costs annually, with more than half of that borne by Medicare and Medicaid. For comparison, the United States appropriates nearly $5.4 billion to the National Cancer Institute for cancer research, even though Medicare and Medicaid costs are consistently higher for individuals living with dementia than with cancer or heart disease.Alzheimer’s costs, which may rise to $1.1 trillion by 2050, have the potential to bankrupt our economy. This financial burden is made even worse by the emotional toll Alzheimer’s takes on families. According to national advocate Daisy Duarte, who cares for her mother with early-onset Alzheimer’s, “Alzheimer’s is devastating and certainly not something we planned for financially or emotionally.”Thanks to bipartisan leadership, Congress passed a budget for fiscal year 2017 that included nearly $1.4 billion for Alzheimer’s research, a 40 percent increase from the previous year. While historic, that fell short of the $2 billion in annual funding that leading researchers say is needed to achieve the national goal of stopping Alzheimer’s by 2025. But the Trump administration’s budget request for fiscal year 2018 would cut NIH funding by nearly $8 billion, make deep cuts to prevention funding at the CDC, and eliminate vital initiatives at the Department of Health and Human Services aimed at increasing the diversity of the medical workforce, all of which would seriously hamper advances in Alzheimer’s disease.This shortsighted view of public health will allow Alzheimer’s to thrive in the shadows, claiming lives and precious federal dollars that could be fueling innovations in workforce development, health, and education. We must take heed of the CDC’s latest data and address the Alzheimer’s crisis by increasing investments in Alzheimer’s breakthrough research and care support in 2018 and beyond. It’s essential that these efforts include a focus on addressing disparities in brain health affecting Latino and African-American families — a smart move for the economy and our public health.David Satcher, MD, is a former U.S. surgeon general and the founding director of the Satcher Health Leadership Institute at the Morehouse School of Medicine in Atlanta. William A. Vega, PhD, is the executive director of the Edward R. Roybal Institute on Aging at the University of Southern California Suzanne Dworak-Peck School of Social Work. Both authors are board members of UsAgainstAlzheimer’s. About the Authors Reprints A patient paints during the Memories in the Making art program, an exclusive program of the Alzheimer’s Association. Bill Ross/AP Tags agingdementiaend of lifeneurologylast_img read more

Twitter reacts to Episode 2 of Midlands Prison Portlaoise documentary

first_img WhatsApp Twitter reacts to Episode 2 of Midlands Prison Portlaoise documentary Twitter Oh wow, Tommy is behaving just like a school boy. It’s so strange to see this childishness. He’s totally stunted and institutionalised. #BiggestPrison #TrueLives— Audrey O’H (@Audge3000) February 13, 2019 By LaoisToday Reporter – 13th February 2019 Community Home News Twitter reacts to Episode 2 of Midlands Prison Portlaoise documentary News Facebook Ahead of that, LaoisToday was given exclusive no-holds-bared access to the prison itself.Tonight’s episode focused on the ongoing battle against drugs in the prison.It followed the stories of three prisoners who were all involved in drugs at some stage in their lives.Speaking previously, Ethel Gavin, the country’s only female Governor, said the problem of drug use is something they continue to aggressively tackle.She said: “It’s a constant battle when you have a cohort of prisoners who are highly motivated to get access to drugs. “You have users, abusers, people who are making money but when you walk around Midlands Prison, thankfully that’s not what you see.“The undercurrent is there. It’s no different than what it would be in any small community.”Once again, the programme sparked conversation online.Maybe I’m easily fooled but very impressed by Colums honesty on @VirginMedia_One #biggestprison …Hopefully once released he can turn things around🤞— Mags Murphy (@margaretb2010) February 13, 2019 Maybe I’m easily fooled but very impressed by Colums honesty on @VirginMedia_One #biggestprison …Hopefully once released he can turn things around🤞— Mags Murphy (@margaretb2010) February 13, 2019 Community They have doctors, nurses, dentists Chiropodists , Psychiatrist and all in that prison that’s an absolute disgrace #BiggestPrison— ⚓️ ASHLEY ⚓️ (@bramwell_ashley) February 13, 2019 Pinterest Tonight Episode 2 of a new documentary on the Midlands Prison Portlaoise aired on Virgin Media One.Inside Ireland’s Biggest Prison: True Lives continued tonight and there was plenty of reaction on Twitter to the show highlighting what it is like to live and work in the Midlands Prison Portlaoise.For just over a year, film-makers gained unprecedented access behind the walls for the four-part series gains inside the country’s largest prison. People saying that prisoners have it handy have no idea unless they know someone that has gone through that experience.Yes, there are those with 100’s of convictions and those that have committed serious crimes but there are some that just made a stupid mistake. #BiggestPrison— Cóilín MacEochaidh🇮🇪🏳️‍🌈 (@Kehoe_colin99) February 13, 2019 Pinterest Laois secondary school announces scholarship winners for new academic year WhatsAppcenter_img I really thought Colum woulda sorted himself out an not end up bak in there ! 😫 An my heart broke for Tommy.. Would love 2 know what happened ! 😭 #BiggestPrison #TrueLives— Rob (@Rob_Murr19) February 13, 2019SEE ALSO – Gardai launch appeal as woman killed after being struck by lorry near Laois border Poor Tommy! 😔 Wonder what happened him, I was so rooting for him #biggestprison— Sarah Woods (@swoodsey) February 13, 2019 No prisoners should not be allowed temporary release no matter the situation they’re in prison for a reason so should stay there #BiggestPrison— ⚓️ ASHLEY ⚓️ (@bramwell_ashley) February 13, 2019 Because people outside of prison have access to proper chargers&dont need to commit crimes to learn who to make an improvised one&also mobile phones are contraband in #Biggestprison so not ideal to try teach skills promoting the use of illegal items— Claire Dunne (@clairebear2838) February 13, 2019 We’ve only 2 Open Prisons. Should we have more? Like maybe one in each province and one in Dublin too? #biggestprison— Daithi O’Laoire (@BlasphemyHill) February 13, 2019 Fascinating insight to life in #biggestprison on @VirginMedia_One #truelives— Mags Murphy (@margaretb2010) February 13, 2019 Twitter New Arles road opens but disquiet over who was invited to official opening #biggestprison utterly horrific viewing..so a prisoner is refused lyrica, tramadol & benzos because they’re highly addictive? What are vulnerable #chronicpain patients handed out? The exact same drugs .. no winners..ever!— Audrey Farrelly (@dorfarrelly) February 13, 2019 Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ RELATED ARTICLESMORE FROM AUTHOR Facebook Right, will someone go live with Colum when he gets out and just be his friend and try to make sure he never goes near another drug ever again? Cos I reckon he’d making his living on those wells and it seems like there’s a decent person in there. #BiggestPrison #TrueLives— Audrey O’H (@Audge3000) February 13, 2019 Council Previous articleGardai launch appeal as woman killed after being struck by lorry near Laois borderNext articleDeaths in Laois – Thursday, February 14, 2019 LaoisToday Reporter The mad thing is I’d say half their parents are delighted when their sons are locked up because it’s the only time they have peace of mind as to where they are and what state they’re likely in. That’s so feckin’ sad. #BiggestPrison #TrueLives— Audrey O’H (@Audge3000) February 13, 2019 TAGSMidlands Prison Portlaoise last_img read more

Property Watch: What €1,100-€1,300 a month will get you renting around Laois

first_imgHome Property Property Watch: What €1,100-€1,300 a month will get you renting around Laois Property Council Pinterest Twitter Twitter By Siun Lennon – 3rd March 2019 WhatsApp In last week’s Property Watch we began exploring the rental property market.We began this with rental properties going up to €800 a month, followed by what €850-€1,050 will get you a month.This week’s article looks at those ranging properties ranging from €1,100 to €1,300 a month.These properties are located in Emo and PortlaoiseSee below for this week’s Property Watch:Cappakeel, Emo, Co. Laois€1,196 per monthProperty Overview: Unfurnished – 4 Bedrooms (4 double), 3 BathroomsAvailable to Move In: ImmediatelyLease: Minimum 1 YearThis is a beautiful spacious renovated bungalow and will make a handsome home, being bright, clean and spacious, and is private but not isolated, with neighbours close by but still retaining a good site.The property is only 16 years old and is approximately 2000 square feet, is set on a lovely 3/4 acre site, with grass and driveway to the front and grass and large yard to rear. Lovely views of fields to rear.It comprises of a large welcoming entrance hall to spacious rooms throughout.The sunny large kitchen has plenty of units, and a lovely area for dining and relaxing, a seperate utility room and a further bathroom. Off the Kitchen is a large second reception room which would be perfect for a large playroom, office or entertaining room.The living room is welcoming with bay window and an open fire. At least one days notice required to view.Broomville Portlaoise, Portlaoise, Co. Laois€1,200 per monthProperty Overview: Furnished – 4 Bedrooms (1 single, 3 double), 3 BathroomsAvailable to Move In: ImmediatelyLease: Minimum 1 YearThis property comes fully furnished will all mod cons.The ground floor consists of a sitting room with open fire, a separate kitchen, utility room and toilet. Upstairs has four bedrooms, one with ensuite and main family bathroom with shower. Viewing a must.Glenkeen Fairgreen, Portlaoise, Co. Laois€1,100 per monthProperty Overview: Furnished – 3 Bedrooms (1 single, 2 double), 3 BathroomsAvailable to Move In: Monday, March 4, 2019Lease: Minimum 1 YearThis is a stunning three-bed detached house in the popular estate of Fairgreen.The property consists of 2 double bedrooms (1 ensuite), with fitted wardrobes and 1 single room, with a main family bathroom.The property offers a large sitting room, separate kitchen/dining area with a utility room. There is off street parking and garden.Lake Court, Kilminchy, Co. Laois€1,300 per monthProperty Overview: Furnished – 4 Bedrooms (1 single, 3 double), 4 BathroomsAvailable to Move In: Friday March 29, 2019Lease: Minimum 2 YearsThis is a luxurious four bedroom house is available to let in Kilminchy Village. It comprises of two bathrooms, a large living room, kitchen and rear garden with a garge garden shed.The house is very clean with wooden floors, tiled kitchen & carpeted bedrooms.No pets allowed and viewing is highly recommended.One month’s rent is €1300 and a deposit of €1300 is required one month in advance. References required.Aghnaharna, Portlaoise, Co. Laois€1,200 per monthProperty Overview: Furnished – 3 Bedrooms (1 single, 1 double, 1 twin), 2 BathroomsAvailable to Move In: ImmediatelyLease: Minimum 1 YearThis three bedroom detached house in an excellent condition.The house has ample parking space with front and back garden.The garden has a good sized tiled patio and a purpose built play area with soft play tiles in place.The kitchen area has fully built in kitchen units with kitchen facilites including dishwasher and washing machine and gas stove with other basic mod cons.The living room has modern decor with wooden flooring and new furnishings. Bedroom 1 is an ensuite with a double bed, bedroom two is a twin room and bedroom three is a single bed.Rinuccini, Portlaoise, Co. Laois€1,250 per monthProperty Overview: Furnished – 3 Bedrooms (1 single, 2 double), 3 BathroomsAvailable to Move In: Monday 4th March 2019Lease: Minimum 1 YearThis superior three bedroom property is in one of Portlaoise’s most desirable locations off the Dublin Road.From floors to ceiling the property is in pristine condition and boasts all modern conveniences in a tastefully decorated package that is sure to delight.SEE ALSO – Almost €3 million in funding allocated for social housing Laois village TAGSproperty watch Podcasts Community Laois secondary school announces scholarship winners for new academic year New Arles road opens but disquiet over who was invited to official opening Previous articleIn Pictures: Some of the great deals on offer in Minogue Furniture Carlow four-day Clearance SaleNext articleMoment in Time: The Harps Camogie club host Wax or Shave event in 2008 Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Property Watch: What €1,100-€1,300 a month will get you renting around Laois Pinterest Talking Sport Podcast: County finals galore, international call ups and Mike Henchy interview Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApplast_img read more

Contest expected for top Laois GAA positions as challengers emerge

first_img Pinterest Home Sport GAA Contest expected for top Laois GAA positions as challengers emerge SportGAA RELATED ARTICLESMORE FROM AUTHOR Electric Picnic Pinterest Electric Picnic organisers release statement following confirmation of new festival date WhatsApp A contest for the positions of chairman and vice-chairman of Laois GAA look set to take place at next month’s county convention.Chairman Peter O’Neill is hoping to secure his fourth year in charge of the executive but for the first time since he was elected in 2017 he faces a challenger.Portarlington’s Kieran Leavy, who has previously served in a number of roles on the executive, has been nominated by his club to challenge O’Neill for the role.The men last came head to head three years ago where of the 153 votes cast, Peter O’Neill received 86 votes while Kieran Leavy received 67.There will also be a vote for the role of vice-chairman as Tom Clear has a challenger in the form of a newcomer.Clough-Ballacolla’s Clear was elected, unopposed, to the role alongside O’Neill in 2017 and this is the first time he will face a vote.O’Dempsey’s clubman and Cork native Bryan Breen, who has been a part of the backroom of the Laois senior football team for the past three years, is his challenger and it will be his first tilt at securing a position on the board.It’s understood that all four of O’Neill, Clear, Leavy and Breen have been in touch with clubs seeking votes.There will possibly be only one other vote at this year’s convention as former chairman Brian Allen is nominated for one of the two Leinster Council delegate roles, currently filled by Abbeyleix’s Richie Kennedy and PJ Kelly from St Joseph’s.All other positions on the County Board will be elected unopposed as no other candidates have been nominated.The Laois GAA County Convention is set to be held virtually this year due to Coronavirus. The annual meeting will take place on Monday, December 14, at 7.30pm.In correspondence to the clubs secretary Niall Handy explained how it would all work: “In line with recommendations from Central Council on hosting a virtual Convention, questions and/or queries on Chairman’s Address, Secretary’s Report and Financial Statements must be submitted in writing to Secretary or [email protected] before Friday December 4, which will be answered and replied to prior to County Convention.“This will be the only opportunity you will have to make queries or questions on aforementioned.“Declaration and ballot papers have been circulated to all voting members, which will be by post and must be returned to Laois GAA Office in enclosed “stamp addressed envelope” by Friday, December 11.“As previously stated Convention for 2020 will be confined to members of County Committee, with the exception being that Clubs may be represented by either their Club Delegate or alternative representative.”County Convention List:Chairperson – Peter O’Neill (outgoing); Kieran LeavyVice Chairperson – Tom Clear (Outgoing); Bryan BreenTreasurer – Martin Byrne (Outgoing)Assistant Treasurer – Paschal McEvoy (Outgoing)Central Council Delegate – Gerry Kavanagh (Outgoing)Leinster Council Delegate) (2) – PJ Kelly and Richie Kennedy (Outgoing); Brian AllenDevelopment Officer – Ger Slevin (Appointed)Coaching Officer – Fergal Byron (Outgoing)Cultural and Irish Officer –Monica Delaney (Outgoing)PRO – Paul Dargan (Outgoing)Congress Delegates (5) – Chairman and secretary automatically attend; Martin Byrne, Brian Allen and Kieran LeavyLeinster Convention Delegates (4) – Peter O’Neill, Niall Handy, PJ Kelly and Richie KennedySEE ALSO – Government announce country to exit Level 5 next week and unveil Christmas plans TAGSBryan BreenCounty BoardKieran LeavyLaois GAA ConventionPeter O’NeillTom Clear Facebook Electric Picnic apply to Laois County Council for new date for this year’s festival Electric Picnic Twitter Previous article€1.2million Chinese vase and poster of Hannibal Lecter mask sold at Laois auctionNext articleYoung Laois boy glides in as Late Late Toy Show raises €5 million for charity 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 – 27th November 2020 Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Twitter WhatsApp Contest expected for top Laois GAA positions as challengers emerge Facebooklast_img read more

State Smuggling Rings Encouraged by Pyongyang

first_imgNewsEconomy By Lee Sung Jin – 2009.06.29 2:46pm Facebook Twitter SHARE AvatarLee Sung Jin Changchun, China — The North Korean authorities, reportedly concerned by the possibility that China might be tempted to limit trade with its neighbor, have issued instructions through the National Security Agency (NSA) which inform the relevant parties that if such a situation were to occur, the problem would have to be solved by smuggling in the necessary goods.A source from Yangkang Province told Daily NK on the 28th, “While the authorities here were discussing importing window frames from China for the construction of apartment complexes in Hyesan, they received instructions from the Central Committee of the Party. They said that if Chinese customs prohibits importation, the National Security Agency must solve the problem by smuggling the window frames instead.” However, the source added, “No one actually thinks China will block trade with us right now. It was just to prepare ourselves for the possibility in advance, because China regulated many things, even food and secondhand clothes, after our nuclear test of a few years ago.”However, he reconfirmed, “For the time being, there is no trade problem with China. Imports and exports with China are all active.”However, China is coming under pressure to stick to the letter of U.N. Security Council Resolution 1874, and expressed a higher than usual degree of dissatisfaction with North Korean behavior in recent months.According to the source, there are three or four NSA smuggling rings in the border regions of the Yalu River between Hwajeon-ri in Hyesan and Bocheon, Yangkang Province. Recently they have been bringing in special steel to make rock drills for mines, lubricant oil for the maintenance of several kinds of batteries and the latest models of computers. The source said, “The smuggling rings are dealing with things which might fall foul of regulations; things which are presumably tough to get through the Chinese customs houses legally. If normal trade becomes more difficult due to Chinese action in the customs houses, the NSA rings will be expanded.” Each smuggling ring brings in three or four six-ton truckloads of materials per day from China. When they import particularly important products, they transport them escorted by border guards. He explained further, “The NSA smuggling rings have been worked with Chinese traders for a long time, and utilize these agents to earn foreign currency. The state also encourages them to smuggle things because smuggling is much cheaper than legal trade through the Chinese customs houses.” North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News center_img RELATED ARTICLESMORE FROM AUTHOR There are signs that North Korea is running into serious difficulties with its corn harvest State Smuggling Rings Encouraged by Pyongyang News News US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

Mackenzie deepens emerging markets expertise

first_imgIE Staff Dynamic launches emerging market equities fund Keywords Emerging marketsCompanies Mackenzie Financial Corp. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Mackenzie Financial Corp. (Mackenzie Investments) Monday announced the formation of the Mackenzie Global Emerging Markets Team, based in Singapore. Jan Cornelis de Bruijn, noined the firm on September 1 as senior vice oresident, Investment Management and will lead the new team. center_img Mackenzie launches emerging markets bond ETF de Bruijn has 22 years of investment experience with significant expertise in building, developing and leading emerging markets investment teams. “Jan brings a well-diversified, thematic approach, backed by a robust and repeatable investment process,” said Tony Elavia, chief investment officer at Mackenzie Investments. “As emerging markets grow in economic importance, his role in delivering investment expertise and on-the-ground analysis will provide clients with exposure to this important growth potential.” In conjunction with this announcement, Mackenzie Investments is proposing to change the investment objectives of the Mackenzie Cundill Emerging Markets Class, subject to investor approval. The change involves a broadening of investment objectives of the existing fund in order to expand beyond its current focus. A special meeting of fund investors is scheduled for November 19, to consider and vote on the proposed new investment objectives. If approved, the changes to the fund will come into effect on November 20. “We are proposing the objectives change to increase the investment team’s flexibility, so that they can effectively position the fund to meet the goals of investors in a changing world,” said Elavia. Pending investor approval of objectives changes, Mackenzie Investments will implement the following: Mackenzie Global Emerging Markets Team will assume portfolio management responsibility; The fund will be renamed Mackenzie Emerging Markets Opportunities Class; and Management fees for certain series of the fund will be reduced. Fiera sells rights to manage US$1.9B emerging markets fund Related newslast_img read more