Health care price transparency law may be helpful, but it’s unlikely to make care cheaper

first_imgEconomy | HealthHealth care price transparency law may be helpful, but it’s unlikely to make care cheaperNovember 8, 2018 by Renee Gross, KBBI-Homer Share:Beginning next year, a new law will require all health care providers in Alaska to be more transparent about their prices. Some hope it will give consumers the tools to shop around, boosting competition and subsequently lowering prices. While it may help prevent sticker shock, experts said the move most likely won’t result in cheaper medical procedures.Audio Player Up/Down Arrow keys to increase or decrease volume.Davon Smith is the clinical business operations director for SVT Health and Wellness in the Homer area. He said if health care prices catch patients off guard and they are unable to pay, it can impede their treatment.“It actually compiles onto those social determinants that hinder them from actually getting better,” he said.That’s partly why the clinic discusses prices and payment options with clients.“We want to make sure you can afford that kind of treatment plan, that kind of health care costs, and it makes it easier for the patient to be informed and be a part of that decision-making.”A new law will soon require SVT to go one step further. It will require all health care providers to post prices for the top health care services they provide, among other requirements. Patients will still pay different prices depending on their insurance and other factors.Andrea Ducas is a senior program officer with the Robert Wood Johnson Foundation, and much like Smith, she said the primary reason to provide patients with more price transparency is to prevent sticker shock and help patients factor in the cost of procedures while creating a treatment plan. However, she also said it gives them more tools to shop around.“When we are able to compare prices or able to see prices, we save money,” she said.But she said comparing prices only goes so far.“So if you had the choice between going to get an X-ray that cost $300 or getting an X-ray that costs $250, if the price of that X-ray really appropriately should only be $20, giving you the option and helping you shop, that’s not going to help bring the costs down to $20,” she said.Historically, there haven’t been many incentives for patients to shop around, as insurance coverage has typically picked up the bulk of health care costs. Patients have also relied heavily on their doctors to refer them to other providers.“Patients have not really gravitated toward this type of information in any kind of meaningful way,” said Dennis Scanlon, a professor of health policy and administration and the director of the Center for Health Care and Policy Research at Penn State.Scanlon explains that laws requiring transparent health care prices in other states and cities, including Anchorage, have not exactly spurred competition.“If your goal is to create health care transparency to either get people to go to the low-cost providers or to have the high-cost providers lower their prices, there are some selective examples of that happening, but it’s not widespread yet,” he said.But he said markets with high health care costs such as Alaska, and changes in the health care market in general, have the potential to change that.“As there has been more of a push for insurance plan designs with higher deductibles which require more first-dollar, out-of-pocket expenses by patients,” he said. “So I think that’s, for lack of a better term, woken some patients up to understand that, ‘Boy, this is costly, and it might be worth shopping around a little bit.’”Proponents of the new law will have to wait and see if Alaskans are more prone to shop around when the health care transparency law goes into effect on Jan. 1.However, shopping around only works if you have a choice in health care in the first place, and for many rural and roadless Alaskan communities, that’s just not a reality.Share this story:last_img read more

Pebble foes ‘appalled’ Dunleavy sent a letter the mining company wrote for him

first_imgEnergy & Mining | Environment | Federal Government | Southwest | State GovernmentPebble foes ‘appalled’ Dunleavy sent a letter the mining company wrote for himDecember 22, 2019 by Liz Ruskin, Alaska Public Media Share:Alaska Gov. Mike Dunleavy meets with President Donald Trump on Air Force One during a layover at Joint Base Elmendorf-Richardson in Anchorage on June 26, 2019. (Photo by Sheila Craighead/White House)Opponents of the Pebble Mine are outraged by a CNN report showing that Gov. Mike Dunleavy has signed letters helpful to the mine that were essentially written by Pebble Limited Partnership.“I was appalled,” said Katherine Carscallen, director of Commercial Fisherman of Bristol Bay. “I mean we’ve known that this administration is working closely with the Pebble Partnership, but this goes above and beyond what I ever suspected.”She and other fishermen said the proposed mine would threaten salmon streams that flow into the Bay, endangering the region’s economy and cultures.CNN’s report is drawn from emails it obtained through a records request of the governor’s office. It focuses on one letter in particular. Dunleavy sent it in April to the U.S. Army Corps of Engineers, objecting to an extension of a public comment period. It was lifted nearly word for word from a draft letter Pebble’s chief of staff emailed to the governor’s office.“We have a good relationship with him because he understands our industry and has repeatedly stated he wants a fair process for all resource projects in Alaska,” a Pebble spokesperson wrote in response to the CNN story. “Exactly what we have sought.”Dunleavy spokesman Jeff Turner said it’s common practice for an administration to request “briefing materials” about particular projects.But mine opponent Rick Halford, a former state senator, said the CNN report shows Pebble and the governor’s office are coordinating inappropriately.“Basically (they’re) using the governor’s office as a pass-through for Pebble propaganda,” Halford said.Former Alaska Senate President Rick Halford displays reports from the Pebble Mine Partnership during a press conference in Juneau on April 1, 2019, held to highlight potential harmful impacts to the Bristol Bay region from the proposed Pebble Mine. Halford, who served as a state legislator from 1979 to 2002, was speaking as a paid consultant to Salmon State and the United Tribes of Bristol Bay. Commercial Fishermen for Bristol Bay, Trout Unlimited and United Tribes of Bristol Bay sponsored the meeting. (Photo by Skip Gray/360 North)He said the letters undercut Gov. Dunleavy’s claim that he’s only interested in a fair process.“I generally believed the governor when he said he hadn’t taken a position” on Pebble, Halford said. “But this doesn’t really fit very well with that.”Pebble needs a Corps of Engineers permit to develop the gold deposit in southwest Alaska. Other government agencies have criticized a draft environmental study the Corps prepared, saying it likely understates the risk.Sen. Lisa Murkowski, R-Alaska, has given those concerns extra emphasis by including a reference to them in a bill Congress passed this week.Murkowski said the Corps, a few months ago, seemed to be dismissing the concerns raised by federal and state agencies about the adequacy of the draft environmental impact statement.“It was almost as if they weren’t taking to heart as legitimate these issues that had been raised by the various agencies,” she said.Sen. Lisa Murkowski, R-Alaska, answers questions in a studio at KTOO on August 13, 2019, in Juneau, Alaska. (Photo by Rashah McChesney/KTOO)She had not yet read the CNN story, but Murkowski said it is common for policymakers to get draft letters or suggestions from interest groups and advocates.“You say, ‘Well, that’s helpful, thank you,’” she said. “But I don’t take that letter and then put my signature block at the end of it and pass that off as mine. That’s not what I do.”The only substantive differences between the letter Dunleavy wrote to the Corps in April and the version Pebble drafted for him relate to Murkowski.Murkowski had asked the Corps to extend its public comment period on the environmental report. Pebble’s ghostwritten letter is written as a rebuttal to her request.The governor’s letter also argues against the request, but without mentioning Murkowski.The Pebble letter’s fourth paragraph, for instance, begins: “Senator Murkowski cites the comment period for the Environmental Protection Agency’s (EPA) 2012 first draft …”Dunleavy’s fourth paragraph begins: “There has been discussion about the comment period for the Environmental Protection Agency’s (EPA) 2012 first draft …”Both versions are written in the first-person, with an identical sentence that reads: “When I took office, my top priority was to grow Alaska’s economy by letting the world know Alaska was open for business and encourage companies around the globe to invest in our state.”Share this story:last_img read more

Live-Streamed Concerts, Virtual Museum Tours, and Other Ways to Stay Sane

first_imgMusicPop CultureTechnologyThings to DoLive-Streamed Concerts, Virtual Museum Tours, and Other Ways to Stay SaneEnjoy some culture and feel connected to the outside world without actually going outsideBy Brittany Martin – March 19, 20205364ShareEmailFacebookTwitterPinterestReddItSocial distancing is tough, but you don’t need to resort to repeatedly binge-watching Love Is Blind to fill the hours. A ton of entertainers, musicians, educators, institutions, and other creators are putting out content online right now. Many offerings are available as live stream concerts or experiences, so you can share that essential, communal experience with other people–wherever you might be sheltering.MusicAnti-Matter “Stay the F*ck Home” Sessions: Norman Brannon of Texas is the Reason hosts a series of “isolation interviews” on Instagram Live with fellow musicians including Geoff Rickly (Thursday), Jeremy Bolm (Touche Amoré), Tim Kinsella (Cap’n Jazz), and others.Weekdays at noon on Instagram LiveAXS Virtual Home Sets: Ticket-selling giant AXS (one of the AEG companies) is staging tons of online concerts, many from big-name artists. Nic Jaar, Chloe x Halle, Foals, and Josh Ritter have participated; check daily for more.Daily, various times. Details at Gibbard (Death Cab for Cutie, Postal Service): Ben Gibbard will perform live streamed solo sets from his home studio, along with virtual ‘guests’ performing from their own locations.Daily at 4 p.m. on Facebook Live.Boiler Room: The global music series will be “streaming from isolation” with some of the world’s top DJs doing live online sets direct from their homes. The site will also be replaying special archive footage.Visit or Facebook for details and schedule Christine and the Queens: Each afternoon, Héloïse Adelaïde Letissier, aka Christine and the Queens, will stage a short live performance.Daily at 10 a.m. on Instagram Live. Diplo: Tune in for a live 90-minute “quarantine mix” DJ set from Diplo’s living room.Daily at 7 p.m. on Twitch.Insomniac Rewind: The producers of dance music mega-fests EDC, Hard, and more have been recording their artists for years, and are now releasing rare footage of archived sets to bring the festival experience into your living room.Various times on YouTubeLevi’s 5:01 Live: Iconic denim brand Levi’s reached out to some top-tier friends to put on daily performances. On the schedule: Moses Sumney, Vic Mensa, Sylvan Esso, Questlove, Jim James and many more.Daily at 5:01 p.m. (get it, 501?) on Instagram LiveLevitt en Vivo: The organizers of summertime concerts at Levitt Pavilion are putting together a weekly streaming concert. Brainstory, Quinto Sol, Blanco y Negro, Cutty Flam, and The Expanders are scheduled.Wednesday afternoons. Details at levittlosangeles.orgMetropolitan Opera: Met Opera will release video of a previously-staged performance each evening, with each release available only until the next afternoon.Daily at 4:30 p.m., available via Met Opera on Demand app and at metopera.orgMiley Cyrus: Log on weekdays for Miley Cyrus’ live, hour-long… talk show(?), Bright Minded, featuring workout routines and conversations with celebrity friends.Weekdays at 11:30 a.m. on Instagram and YouTubeNapalm Records: Several of the metal label’s artists will be performing live-stream concerts or releasing streams of previously unreleased footage from past performances.Visit for archive and schedule. Free; donations to crowdfunding campaigns for artists encouraged.  Neil Young: “Fireside Sessions” streaming concert seriesDetails to be announced at neilyoungarchives.comSofa King Fest: Billed as a “one-stop source for all your couch streaming concert options” Sofa King Fest is creating a platform for artists to steam and solicit donations for their band, crew, and others impacted by the pandemic. Scheduled performers include Disclosure, Melissa Etheridge, Mannie Fresh, and a 24-hour Beatport music stream.Available at sofa-king-fest.comSOFI TUKKER: Each day, the electronic duo will play a live DJ set to get you moving around the house.Daily at 10 a.m. on Instagram and FacebookSondre Lerche:  From his living room in Norway, Sondre Lerche goes live to play songs and chat with fans.Various times on Facebook LivePast Live Stream Concerts: While you may have missed the original live stream, video of most of these events remains archived for you to watch any time. Visit individual websites for details.FADER FORT: The annual IRL event goes online with a nine-hour stream of live performances, conversations, cooking lessons, and other appearances from over 40 popular artists. March 31, 7 a.m. to 4 p.m on fader.comThe Indigo Girls: The Indigo Girls will go live from home with a live set of acoustic songs plus a question-and-answer conversation with viewers.March 19 at 3 p.m. on Facebook. Indieheads Festival: Organized by the r/indieheads community on Reddit, enjoy two days of indie pop from Oso Oso, Remo Drive, Joe Dosik, Saint Seneca and others.April 1 and 2, 10 a.m. to 4 p.m. on InstagramIsol-Aid Festival: Australian musicians including Camp Cope, Courtney Barnett, and Alex Lahey will perform short sets throughout the weekend. The event hopes to raise money for Support Act, a charity supporting artists, touring crews, and other music professionals in need.March 28 and 29 on Instagram LiveOrville Peck: Concert and conversation with fans, including debut of new material.March 23 at 6 p.m. on Twitch, YouTube, and InstagramShenandoah, Michael Ray, Aaron Tippin, T. Graham Brown, Austin Merrill, and Katie Austin: “Keep the Music Playing” Concert from Nashville hosted by Megan AlexanderMarch 18 at 5 p.m. on Facebook Live. Viewing is free; donations will be suggested for a Nashville-based charity.TOKiMONSTA: A live stream experience and virtual ‘release party’ celebrates the release of TOKiMONSTA’s new album, Oasis Nocturno.March 19 at 3 p.m. on Facebook Live. Waxahatchee & Kevin Morby: Indie darlings Katie Crutchfield of Waxahatchee and Kevin Morby will perform live.March 19 at 6 p.m. on Instagram Live. Luck Reunion Presents ‘Til Further Notice Festival: Streamed from the individual homes and studios of each artist, in lieu of Willie Nelson’s annual Luck Reunion tradition.March 19 at 4 p.m. on Twitch and luckreunion.comMuseumsThe Autry: In addition to online collections to browse, the Autry is presenting special educational resources and online content series. A new video series, “Is This a Western?” features curator Josh Garrett-Davis breaking down the regional lineage of various pieces of pop culture.Available at theautry.orgCayton Children’s Museum “Cayton Recess”: Join in on a twice-daily online ‘recess’ featuring guided activities involving music, movement, storytelling, art-making, and mindful play.Weekdays at 11 a.m. and 3 p.m. Available on Instagram and YouTubeGoogle Arts & Culture Museum Tours: Take a self-guided virtual tour through Google’s archive of top museums around the world, from the Getty to the Musée d’Orsay.Available at Google Arts & Culture. GRAMMY Museum: The Recording Academy museum is offering at-home music education lessons and posting unreleased video of conversations with luminaries from Bob Newhart to Billie Eilish.Conversation schedule and lesson plans on museum website. Hammer Museum: Join the Hammer online with digital archives, artist profiles, archive footage of conversations and live music performances, and participate in virtual meditation sessions.Available at hammer.ucla.eduLA Plaza de Cultura y Artes: Take a virtual tour through Carlos Almaraz: Evolution of Form, guided by curator Dr. Susana Smith Bautista, and Almaraz’s widow, Elsa Flores Almaraz.March 19 at 5 p.m. on Facebook and Instagram Live. LACMA: LACMA has redesigned their website to highlight a variety of opportunities for adults and kids to learn, listen, read, watch, and explore the vast art collectionAvailable at lacma.orgMOCA: MOCA is now “Virtual MOCA” offering a number of interactive programs to keep you connected. The museum is staging online movie nights, family education experiences, workshops, a book club, home visits with artists, and more.Available at moca.orgMullin Automotive Museum: Docent-led live tours of museum founder Peter Mullin’s collection of rare cars and motorcyclesMarch 18 and 20 at 10 a.m. on Instagram Live. Natural History Museums of Los Angeles County: Explore the world from the safety of your home with NHM’s online programs. They’ve posted fun content from behind-the-scenes details of museum conservation projects to ways to explore Hollywood history or tour the outdoors.Available at nhmlac.orgNorton Simon Museum: The Norton Simon has gone online with a variety of programming. Spend time with your favorite pieces in their online collection or watch videos and listen to podcasts of expert lectures. For kids, there are fun make-at-home art projects to craft.Available at nortonsimon.orgPetersen Automotive Museum: Stream a live, hour-long tour of the Petersen’s private vault, lead by collection manager Dana WilliamsonTours offered daily on the museum’s website.San Diego Zoo Live Cams: Pay a virtual visit to the pandas, polar bears, penguins, koalas, baboons, tigers, or other amazing animals at the San Diego Zoo.24 hour live cams, available here. Life & Learning“Can I Live?” Live-Stream Stand-Up Comedy Showcase Hosted by NYC-based comedian, actor, and writer Amber Rollo, “Can I Live?” will feature live comedy sets from Sydnee Washington, Gabe Pacheco, Kelly Bachman, and Sarah Kennedy.April 10 at 6:00 p.m. Link provided with purchase of ticket, $5.The Newsette #MakeMorningsBetter Chat Room: Peppy daily news and lifestyle email The Newsette is creating a space for readers to discuss best practices and stay social.Complete application form to be added to private Slack chat. Class Central: Thousands of MOOC (Massive Open Online Courses) are listed on this site, with classes in every subject matter from universities around the world.Details vary by MOOC; visit website for detailsTreePeople: Local environmental org TreePeople is offering educational programming on topics including local plants, water use, and other issues.Available at treepeople.orgLos Angeles Children’s Chorus: One of the world’s leading children’s choirs has launched its first-ever online music education program for singers ages 8-18.Available on SeesawJumpStart Academy: Parents can get some help with homeschooling thanks to free programs from JumpStart Academy. Online educational programs include preschool and kindergarten activities, plus math classes for K to 6th graders.Available at JumpStart AcademyPOPSUGAR Fitness: Peppy lifestyle site POPSUGAR is posting daily workout streams featuring popular trainers from a variety of well-known fitness brands like Barry’s Bootcamp and LIT Method.Daily at 9 a.m. on InstagramRELATED: Could ‘Dining Bonds’ Help Save Restaurants and Bars?Stay up to date with everything you need to know about L.A. by following us on Facebook and Instagram. TAGSInside GuideInside Guide EntertainmentStreaming ContentPrevious articleDaily Brief: COVID-19 Is More Dangerous for Young People Than Previously ThoughtNext articleWith Much of Late-Night TV on Hiatus, Conan O’Brien Plots His ReturnBrittany Martin RELATED ARTICLESMORE FROM AUTHORSome of the Best Things to Do in L.A. This WeekendWhat to Stream This Weekend: Luca, Miss Juneteenth, and MoreFriday Playlist: New Music for Your Weekendlast_img read more

Permira reduces stake in Hugo Boss for fifth time in two years

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Permira reduces stake in Hugo Boss for fifth time in two years whatsapp whatsapp Monday 9 February 2015 9:08 pm Private equity firm Permira is cutting its stake in luxury fashion retailer Hugo Boss, it said last night.Red and Black – which is 60 per cent owned by Permira – will reduce its holding in the German fashion retailer from 32 per cent to 12 per cent.It means Permira’s stake in Hugo Boss falls to just over seven per cent.It marks the fifth time Permira has shrunk its stake in Hugo Boss in the last two years, with Red and Black having reduced its holdings to 32 per cent from 39 per cent in December.Red and Black will sell at least 7.35m shares – a deal worth €806m (£599m) at the luxury fashion retailer’s current share price.The share sell-off will be joined by separate share sales to PFC and Zignago Holding – entities of previous owners the Marzotto family.Red and Black took a €5.3bn euro stake in Hugo Boss eight years ago and appointed Claus-Dietrich Lahrs as chief executive. The retailer’s share price has increased four-fold since then.Red and Black has also agreed to wait for at least another 90 day period before announcing any further share sales. Share Express KCS Show Comments ▼ Tags: NULLlast_img read more

Why Democrats reopened the debate about germline gene editing

first_img By Lev Facher June 18, 2019 Reprints Why Democrats reopened the debate about germline gene editing [email protected] What’s included? STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. WASHINGTON — A rogue Chinese scientist stunned the world last year when he announced the birth of genetically modified twin girls, prompting widespread outcry from the broader scientific community and calls for a “global moratorium” on editing human embryos that result in births.Yet months later, Democrats on Capitol Hill surprised many science policy experts when they attempted to roll back a related, 4-year-old ban on altering the DNA of embryos intended for pregnancies. GET STARTED Tags CongressCRISPRpolicy Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.center_img Washington Correspondent Lev Facher covers the politics of health and life sciences. Politics Adobe Lev Facher @levfacher About the Author Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED What is it?last_img read more

Your guide to the game as Laois ladies footballers finish league campaign against Cavan

first_img Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest Twitter Facebook GAA Pinterest WhatsApp This weekend sees Laois travel to their last game of the league, playing Cavan.Here is all you need to know before the game:When, where, what time?This round seven fixture takes place in Crosserlough, Cavan, on Sunday April 7 at 2pm. GAA By Siun Lennon – 7th April 2019 Previous articleDeaths in Laois – Sunday, April 7, 2019Next articleIrish EU exit ‘Irexit’ billboard posted in Portlaoise Siun Lennonún 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. Your guide to the game as Laois ladies footballers finish league campaign against Cavancenter_img Facebook WhatsApp Here are all of Wednesday’s Laois GAA results What has Cavan’s form been like this season?Cavan are currently fifth on the leaderboard behind Armagh, Waterford, Kerry and Clare. They’ve recorded three wins and two losses so far, and have yet to play two games – Laois and a rescheduled fixture against Kerry.They defeated Tyrone in the opening round – 13 points to 3-4 – but lost heavily to Armagh in their second game of the league.They bounced back to defeat Clare 2-11 to 2-8 but lost to Waterford by a single point a week later. Clare came out on top of their latest fixture, defeating Wexford 3-13 to 2-9.Who’s managing Cavan and what players should we watch out for?Armagh man James Daly is over the Cavan side. Aisling Maguire and Sheridan sisters Mona and Aisling from Mullahoran are ones to watch out for in this battle.What’s Laois’s recent history like against Cavan?Last year Laois ladies suffered a disappointing opening league defeat to Cavan.In 2017, Cavan were the team which sent Laois out of the All-Ireland qualifiers. The Breffni county need to make it three wins from three to have a chance at a spot in the league semi-finals.What have Cavan been like in the last couple of seasons?Cavan are operating at senior level in ladies football. Last year, they came bottom of group four between themselves and Dublin and Mayo.They avoided relegation from the senior championship thanks to superb second half comeback, with Aisling Maguire playing a stellar role that day.The Breffni county have reached the last two league finals, missing out on the top spot each time.They reached last year’s division 2 final, losing out to Tipperary 0-21 to 3-11.  In 2017, their encounter with Westmeath saw the Lake County come out on top – 3-15 to 11 points.Who’s the referee?Des McEnery referees this final league game for Laois. The Westmeath native is a familiar face for the Laois ladies, having refereed their first round meeting with Armagh this February and their clash with Wexford on St Patrick’s Day.He was also the man in the middle at last year’s intermediate Leinster final between Laois and Wicklow.What other Division 2 games are on this weekend?There are three other division 2 games being played this Sunday. These are:Tyrone v KerryClare v WaterfordArmagh v WexfordHow much is it to get in?It’s €10 to get in for adults and €5 for students and senior citizens.SEE ALSO – Laois GAA pundit hits out at Carlow football coach as war of words continues Home Sport GAA Your guide to the game as Laois ladies footballers finish league campaign… SportGAALadies FootballLaois Senior Ladies Football Team Twitter GAA RELATED ARTICLESMORE FROM AUTHOR TAGSLaois Ladies FootballLaois Ladies FootballersLaois v Clare 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

UN Security Council Condemns NK

first_imgNews By Kim Tae Hong – 2012.04.17 2:26pm SHARE UN Security Council Condemns NK News There are signs that North Korea is running into serious difficulties with its corn harvest AvatarKim Tae Hong RELATED ARTICLESMORE FROM AUTHORcenter_img Facebook Twitter News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak The UN Security Council on the 16th at 10am (Seoul time 16th at 11pm) had adopted a ‘strongly condemning’ presidential statement towards North Korea’s rocket launch. It has been three days since North Korea launched its rocket despite oppositions from the international community. The Security Council underscored that, “Any launch using ballistic missile technology even if it is characterized as satellite launch or space launch vehicle is a serious violation of Security council resolution 1718 and 1874”. “The Security Council deplores that such a launch has caused grave security concerns in the region”.The council demanded, “DPRK not proceed any further launches using ballistic missile technology and comply with resolutions 1718 and 1874 by suspending all activities related to its ballistic missile programme. And in this context we establish its preexisting commitment moratorium on missile launches”. The Security Council’s prompt statement is due to North Korea’s violation of rocket launch breaking the promise with the international community and threatening the peace in the region. In particular, China who has been defending North Korea’s position has agreed that it is a provocation which clearly violates the UN resolution.There are rising concerns on how North Korea will respond. Experts predict that North Korea will carry out nuclear tests or other forms of provocations if the international community applies sanctions on them. News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

HSBC to exit consumer finance business in Canada

Share this article and your comments with peers on social media HSBC Financial Corp. Ltd. is winding down its consumer finance business, the subsidiary of HSBC Bank Canada said Wednesday. HSBC says the consumer finance business no longer supports its core businesses and growth strategy in Canada. HSBC Financial is the legacy business of Household International acquired by HSBC in 2003 and already wound down in the United States and the United Kingdom. In Canada it has operated under the separate brand of HSBC Finance on a stand-alone basis from HSBC Bank Canada branches. “This move, while not taken lightly, will allow HSBC to better focus our resources on the core businesses that matter most to our Canadian banking customers,” said Lindsay Gordon, chairman, HSBC Financial, and president and CEO, HSBC Bank Canada, in a release. He added that HSBC tried to sell the business, but “a suitable buyer could not be found.” “The decision will have no impact on HSBC’s banking operations in Canada,” said. HSBC Financial consumer finance offices will cease taking loan applications and will be closed as soon as practical, says HSBC. Initially, approximately 500 employees at 75 offices across Canada will be impacted. The business will continue to service and collect its existing receivable loans and to provide customers with call centre support. There will be no impact on the medium-term notes of HSBC Financial Corp. Ltd. which will be paid on their scheduled maturity in May 2012. IE Staff Companies HSBC Bank Canada Facebook LinkedIn Twitter read more

CSA approves final IIROC CRM2 amendments

first_img However, the regulators have yet to decide whether to grant a five and a half month extension that is being sought by the investment Industry Association of Canada (IIAC), which would allow dealers to adopt certain elements of these reforms at the end of 2015 and 2016, rather than in mid year. IIAC steps up lobbying to delay CRM2 The IIAC has called on regulators to push back the deadline for the reforms to yearend on the basis that this makes a more logical implementation date for clients; and, among other things, that such a delay would help firms comply with the rules. Investor advocates have opposed the delay. For now, IIROC says that it is considering the request, along with the CSA, and that it will issue a separate notice when a decision is made. In the meantime, regulators have approved the final details of the rules that impose new requirements primarily designed to enhance disclosure of the costs of investing to clients, and improve reporting on account performance. IIROC says that its version of the rules “are generally consistent” with the CSA’s CRM2 amendments. No material changes were made to the version of the rules published last fall, largely at the behest of the CSA, which wanted to ensure that the requirements to report off-book positions proposed by IIROC are equivalent to the CSA’s rules in this area. “With enhanced disclosure there will be greater transparency of account information which should result in more meaningful conversations between advisors and their clients,” said IIROC president and CEO, Andrew Kriegler. “Now that all elements of the Client Relationship Model reform initiative have been approved, we will continue to work with the industry and stakeholders to focus on effective implementation.” IIROC notes that it has also compiled and issued a list of FAQs to address common CRM2 implementation questions. It is also developing guidance to clarify elements of the initial CRM reforms, which deal with KYC and suitability obligations, and account relationship disclosure. James Langton TD Waterhouse fined $4 million for ignoring CRM2 Keywords Client relationship modelCompanies Canadian Securities Administrators, Investment Industry Regulatory Organization of Canada Securities regulators have finalized the remaining set of reforms designed to improve transparency to retail clients, known as the Client Relationship Model (CRM2) reforms, although they have yet to decide on final implementation dates for these measures. The Investment Industry Regulatory Organization of Canada (IIROC) said Monday that it has received approval from the Canadian Securities Administrators (CSA) for its remaining CRM2 amendments, which are slated to be implemented in stages on July 15, 2015 and July 15, 2016. Related news CRM2 fee disclosures fail to enlighten, empower investors: report First enforcement, now an exemption Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Toronto home sales in September up from a year ago

first_img Canadian Press Related news Leading indicators signal steady rebound: OECD The Toronto Real Estate Board says home sales in the Greater Toronto Area in September were up 22% compared with a year ago as the cost of buying a house also pushed higher.The board says there were 7,825 sales through its MLS System last month compared with 6,414 sales reported in September 2018. Household debt-to-income ratio fell in first quarter: Statscan Keywords Housing,  Economic indicators On a month-over-month basis, sales in September were virtually the same as August.The MLS home price index composite benchmark was up by 5.2% on a year-over-year basis in September.Meanwhile, the average selling price for all home types combined was $843,115, up 5.8% compared with a year ago.The number of new listings in September was down 1.9% compared with a year ago at 15,611.This report by The Canadian Press was first published Oct. 3, 2019. Economy lost 68,000 jobs in May Toronto sign in Nathan Phillips Square with Old City Hall and downtown buildings in the back rgbspace/123RF Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more