Does your business have a Brexit plan? Good, now it needs a Corbyn plan too

first_imgEach year, the government invites the private sector to tender for over £270bn of public sector contracts. Labour wants to use this financial leverage to revolutionise the economy. If your company doesn’t reflect Labour’s values, then you would be very unlikely to win public tenders under a Corbyn government.  Even then, they will have a legal obligation to prepare their own “realistic [and well-resourced] in-house bid”. A public values commissioner will “ensure any tender process is awarded on the basis of public value, rather than [to] the cheapest employer”.  But we also shouldn’t underestimate the potential impact of these proposals, which seek to impose Labour’s version of business values onto the private sector in the most astonishingly wide-ranging way.  But that uncertainty, and the complex impact of the UK’s international legal obligations in this area, means that businesses must prepare for potential global and domestic fall-out. whatsapp In the mid-1970s, when I was a 10-year-old in love with Choppers and Sherbet Fountains, the ideological war between Thatcherism and Bennism began. Bruce DearBruce Dear is head of London real estate at Eversheds Sutherland. This is a New Socialist Labour. If you don’t comply, we don’t buy. Outside of wartime, this would be one of the biggest shake-ups of UK government tendering and purchasing policies ever undertaken.  Now, 45 years later, we have a neo-Thatcherite government facing a Bennite-controlled Labour party. And they are preparing for a fight to the political death.  We should not be one-eyed; some of this is fair and just. For example, if your company doesn’t have a diversity and equality policy, it obviously should have.  This government’s leading members believe in “creative crises” and view hard Brexit anxieties as Project Fear’s second-rate sequel. No-deal does not faze them and Cummings (applying the Art of War strategies discussed in his blog) hopes that the threat of it will divide and disorientate his opponents.  Does your business have a Brexit plan? Good, now it needs a Corbyn plan too Main image credit: Getty by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStuff AnsweredBest Mattress Deals for Seniors 2020Stuff AnsweredUndoWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdUndoBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill CruncherUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndoSenior Cars | Search AdsThe Best SUVs for Seniors (The Price Might Surprise You)Senior Cars | Search AdsUndoFinance DailyHomeowners Born Before 1985 Can Get This Huge Benefit in June (But You Must Request It)Finance DailyUndo The Conservatives are “turbo-charging” themselves for an election anchored along Thatcherite lines: free markets and low regulation, populist rhetoric on crime, and promises of investment in the NHS and the police. In response, Labour offers a high-speed Bennite revolution, launched with a first-100-day budget.  Thursday 15 August 2019 4:13 am Opinion Take Labour’s plan to unshackle the government’s “incredible purchasing power” and use it as the cattle-prod of socialist change.  There is also tricky news for chief executives. If they are paid more than 20 times the wage of the lowest-paid worker in their organisation, it will not win a public tender unless it can show “clear efforts to close” that pay gap.  And Labour wants to go further – much further. In a radical break with 40 years of policy, public bodies will be the “preferred option” for the provision of services and will only be able to outsource a service if it is “failing”. center_img It is also one reason why Corbyn’s inner-circle wants a “left-wing Brexit”. They believe that exiting the bloc will allow them to change the current EU procurement rules and write a new public tendering regime to create a socialist society. The new rules would be designed to support UK industry, workers, and products over those of other EU countries. This may be easier to put in a manifesto than to deliver in practice. For example, countries whose companies feel excluded from UK tenders might well impose similar exclusions on British companies, and require the British tendering regime to mirror their own as the price of market access. Share WHALEY BRIDGE, ENGLAND – AUGUST 05: Labour leader Jeremy Corbyn visits the Whaley Bridge Dam site, as work continues to shore up the damaged dam on August 5, 2019 in Whaley Bridge, England. Approximately 1,500 residents of the town’s 6,500 population were forced to leave their homes after yesterday’s partial collapse of the dam at Toddbrook Reservoir, in Derbyshire. Engineers have been pumping water from the reservoir overnight to reduce the water level. (Photo by Anthony Devlin/Getty Images) Every company must therefore be ready to survive, compete and tender in the regulatory landscape which a potential Labour victory would bring. The alternative could be a long spell in commercial Coventry, frozen out of public tenders. Those values mean that all companies bidding for public contracts will have to recognise trade unions, comply with collective bargaining agreements, have acceptable diversity, equality, training and apprenticeship policies, pay their suppliers within 30 days, and demonstrate “decisive action” to combat climate change. This, Labour argues, is “putting people and the planet before profit”.  Everyone focuses on the slew of nationalisations Labour is proposing, but this policy is every bit as radical and far-reaching.  whatsapp Small versus big state, low versus high taxation, light versus tight regulation, and private versus public ownership.  But the Labour side – and the risk associated with it – has been relatively under-explored recently. It shouldn’t be. Our two largest political parties can no longer be accused of being two shades of grey. No one can predict how an angry, five-party (don’t forget the SNP) country will vote at a General Election. But one thing is clear: Thatcher’s political heirs and Benn’s disciples are at war again, and the winners will decide the fate of UK business.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. On the Conservative side, we have heard much of Dominic “el Capo” Cummings and his plans to exit the EU “by any means necessary” on 31 October. Some may remain sceptical, but he’s not bluffing.  By now, every sensible business knows that it should have a Brexit plan. But with the looming possibility of a “Do or Die” Brexit election, they also need a Corbyn plan.  Both sides are equally determined to revolutionise British society. Boris Johnson’s government wants to deliver Brexit in a blond-welter of head-butting optimism and then complete the Thatcherite revolution. Jeremy Corbyn wants to create a “socialist society” by “an irreversible shift [of] wealth and power in favour of working people”.  Tags: Boris Johnson Brexit Jeremy Corbynlast_img read more

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Poll: Most Brits want to honour Brexit referendum

first_imgMeanwhile, 31 per cent of males polled and 33 per cent of females polled said they wanted to remain despite the referendum result. Poll: Most Brits want to honour Brexit referendum result Stefan Boscia whatsapp Just 31 per cent of 18-24 year-olds were in favour of leaving the EU. BOURNEMOUTH, ENGLAND – SEPTEMBER 17: Brexit supporters outside the Liberal Democrat Party Conference at the Bournemouth International Centre on September 17, 2019 in Bournemouth, England. (Photo by Finnbarr Webster/Getty Images) Tags: Brexit whatsapp Geographically, the motion was supported in every English region except for London. The largest age group to support the motion was those aged over 55, with 69 per cent in support. Share The question posed by polling company was: “Regardless of the way you voted in the 2016 referendum, do you support or oppose the UK abiding by the referendum result and leaving the EU?” The research, compiled for the Evening Standard, revealed 204 out of 226 polls since July 2017 have shown Remain ahead, with only seven wins for Leave and 15 ties. A majority of people want the UK to respect the Brexit referendum result, according to a new poll. Wednesday 16 October 2019 12:09 pm Anthony Wells, director of political research at Yougov, said: “The polling evidence is concrete. Read more: Britain would now vote to stay in the EU Read more: Brexit deal falters as Eu demands a ‘new mandate’ The result of the Comres survey comes after a Yougov “poll of polls” last week that said a majority of Britons would now vote to remain in the European Union. The results were gathered from a survey of 26,000 adults polled between 2 October and 14 October. The Comres survey revealed today that 54 per cent of people wanted to respect the Brexit referendum result and leave the European Union, with 32 per cent preferring to remain. Sixty per cent of males and 48 per cent of females surveyed said they supported the UK leaving the EU. “The overwhelming majority of questions asking people if Brexit is right or wrong, or if they would now vote Remain or Leave, show a lead for Remain, and have done for over two years.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryDefinitionThe Funniest Yard Signs EVER WrittenDefinitionbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallThe Most Beautiful Women In SportsTheFashionBallJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteableylast_img read more

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13 Ways to Spend Your Weekend in L.A.: Rocky Horror in…

first_imgUncategorized13 Ways to Spend Your Weekend in L.A.: Rocky Horror in the Park, Urban Kayaking, Ventriloquists’ Dummies, and MoreThere’s plenty to do on the first weekend in June. You could always do some urban kayaking on the L.A. River or check out one of June’s many music residencies, most of which are freeBy Elina Shatkin – June 6, 2014382ShareEmailFacebookTwitterPinterestReddItThere’s plenty to do on the first weekend in June. If none of the options listed below float your boat, you could always do some urban kayaking on the L.A. River or check out one of June’s many music residencies, most of which are free.CELEBRATE: L.A. Pride As the city gathers to celebrate, headliners such as Jennifer Hudson, Azealia Banks, the Bangles, Betty Who, and Mary Lambert perform to show their support. More information (June 6-8; West Hollywood)GENERAL WEIRDNESS: Great Horror Campout In an event designed for those who always thought the idea of being in a horror film would be fun, this campout is 12 hours of being chased and touched by monsters. The spooks will be scattered throughout mazes and scavenger hunts for the optimal horror buff experience. Those who are too weak to handle the whole time duration will have to say “I want my mommy” to be let out and to walk away in shame. More information (June 6–7; Griffith Park)ART: Matthew Rolston: Talking HeadsThrough a series of 100 portraits, Matthew Rolston turns his eye for portraiture to a new cast of characters, a rarely seen collection of unique ventriloquist dummies. More information (June 7-July 12; Diane Rosenstein Fine Art Gallery)MOVIE: Street Food Cinema: Rocky Horror Picture Show Gourmet food and men in lingerie make for an unforgettable night under the stars. With plenty of room to stand up and do the Time Warp, this movie screening is the perfect setting for the film’s devoted fans. More information (June 7; Exposition Park)THEATER: AbbamemnonBig hair and Greek gods collide in the Troubies’ musical interpretation of the classic Greek play. Watch as mythical characters take on each life tragedy (pun intended) to the tunes of ABBA. More information (June 6-13; Falcon Theatre) DANCE: Dance Media Film Festival The multimedia blowout mashes up documentaries and live acts. L.A.-based dance troupe BodyTraffic features performers interacting with a giant sculpture. (Check out our must-see picks for the fest.) More information (June 6-8; various venues)OUTDOORS: Santa Monica Pier Paddle Board Race and Ocean Festival Hang ten and head to the beach for paddleboard races and ocean swim meets presented by Tommy Bahama. You don’t have to get wet to have fun; the festival features live music, hula dancing, a pop-up museum, and special appearances by surf culture legends. More information (June 7; Santa Monica Pier)MUSIC: First Fridays – Unknown Mortal Orchestra, De Lux, Painted PalmsTake a tour, enjoy a speaker, hear some music, and have a cocktail as you explore the Natural History Museum after hours. The final event of this year’s “First Friday” series features a lecture about tracking and trapping L.A.’s wildlife as well as urban beekeeping! DJs Anthony Valadez and Garth Trinidad kick off the music, and the evening wraps up with a live concert featuring Unknown Mortal Orchestra, De Lux, and Painted Palms. More information (June 6; Natural History Museum)DRINK: Friday Night Wine TastingsPeer over the city at sunset while sipping vino, listening to beats by KCRW DJ Dan Wilcox, and snacking on food from trucks parked in the shadow of Frank Lloyd Wright’s Hollyhock House. More information (June 6; Barnsdall Art Park)SPORTS: Color Me Rad 5K After running in this race, you’ll definitely need a shower but not just to wash off sweat. At this family-friendly, non-competitive fitness event, bursts of colored corn starch are thrown into the air and on participants. If there’s one thing pictures from past Color Me Rad 5Ks tell us, it’s that running is much more fun when you’re drenched in color. More information (June 7; StubHub Center) MUSIC & MORE: Ink N Iron FestivalThis event was born from a 2003 tattoo convention and has grown into a three-day event held on the grounds of The Queen Mary in Long Beach. It’s a music festival, a tattoo convention, a cabaret, and a car show with plenty of hot rods and lowriders. The tickets are budget-friendly and really worth it for the music acts alone. This year the performers include Junior Brown, Merle Haggard, Wanda Jackson, the Skatalites, Detroit Cobras, Roddy Radiation of The Specials, Fear, the Buzzcocks, Nick Waterhouse, Suicidal Tendencies, and the Damned, among others. More information (June 7-8, The Queen Mary)SHOP: Child-Run Flea Market It’s a flea market that’s run by kids and for kids. Tots sell homemade goods and gently used items while adults peruse the wares and boost business for the mini entrepreneurs. More information (June 7-8; Kidspace Museum)ART: Experience 11: Scratch Last year the Getty Research Institute created the Getty Graffiti Black Book, an oversize catalog of the works of prominent L.A. graffiti artists. Some of the spray-can specialists have been invited to tag the El Segundo museum, which serves as an “art laboratory.” More information (June 8-September 21; ESMoA) TAGSEventEventsL.A. CultureWeekend EventsPrevious articleEvent Alert! Tasting Table’s Lobster Roll Rumble ReturnsNext articleAustin Dyne: Representing SoCal in the 2014 X GamesElina Shatkin RELATED ARTICLESMORE FROM AUTHORFollow in Pee-wee Herman’s Footsteps Across L.A.A Complete Guide to a Full Month of (Virtual) Pride EventsThe Best Things to Do in L.A. This Weekendlast_img read more

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Tyson sales up but it has beef with income

first_img whatsapp Tags: NULL Joseph Millis whatsapp Share Monday 17 November 2014 9:00 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ TYSON Foods, the largest US meat processor, yesterday reported a better-than-expected quarterly profit.Sales increased 13.6 per cent to $10.10bn (£6.45bn) in the fourth quarter ended 27 September, Tyson said. But net income attributable to Tyson nearly halved to $137m, , down from $261m in the same period last year.“Operating income decreased for the fourth quarter of fiscal 2014 due to higher fed cattle costs and periods of reduced consumption of beef products, which made it difficult to pass along increased input costs, as well as lower sales volumes and increased operating costs,” the company noted in the earnings report.Analysts on average had expected a profit of $10.16bn, according to Thomson Reuters I/B/E/S.The company said it expected an adjusted profit of $3.30-3.40 per share and sales of $42bn for the year ending September 2015. Analysts were expecting sales of $42.50bn. Tyson sales up but it has beef with income last_img read more

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Gear4Music.com IPO: Online retailer considering float after record year of sales

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles SkillMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBall Gear4Music.com IPO: Online retailer considering float after record year of sales Monday 16 March 2015 12:49 am Gear4Music.com announced record sales of £24.2m in the year to 28 February, as the company gears up for its next stage of growth.The online musical instruments retailer is considering an initial public offering later this year and has appointed Panmure Gordon to investigate its strategic options.Gear4music’s revenue has more than doubled over the past two years and the most recent figures were up 37 per cent, compared with £17.7m last year. “2014 was an incredibly strong period for our business and we have entered 2015 in excellent shape,” said Andrew Wass, founder and managing director of Gear4music. “The next phase of our growth plans will see us invest further in our online marketing initiatives while also developing our bespoke IT platform.”The online music shop’s international sales – supported by 19 country specific websites across Europe – almost doubled last year as it progressed its overseas roll-out strategy, capitalising on its leading market position and the increasing popularity of online shopping.Launched in 2003, Gear4music has almost 600,000 customers and sells more than 27,000 retail items. Show Comments ▼ Tags: NULLcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Share Express KCS whatsapplast_img read more

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Woman accused of having sex with New York teen after meeting online

first_imgRELATEDTOPICS Sikh boys harassed, attacked by older teens at mall June 6, 2021 Florida town accidentally sells municipal water tower June 15, 2021 Naples woman fights off deputies after being kicked out of restaurant May 17, 2021 AdvertisementTags: arrestBrooksvilleNew York Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementAt first, Gaudette denied knowing where the missing teen was, but she eventually went into the house and had the teen come to the door to speak with a deputy. HCSO said the teen appeared to have hickeys on his neck, but the teen claimed they were from a barstool hitting him in the neck. The teen told deputies that Gaudette paid a friend to drive him to Florida and bought him a cell phone, so they could communicate. Hernando County deputies said they met online two months prior in an online chatroom for depression. The teen said he was trying to get away from a verbally abusive family situation, and his mother gave him permission to be in Florida, according to Hernando County deputies. The teen’s mother told investigators that her son suffers from mental illness and didn’t have access to his medication. Florida man arrested after refusing to wear mask at Naples store May 12, 2021 HERNANDO COUNTY, Fla. – A Florida woman was arrested for having sex with a New York teen who traveled to her Brooksville home after they met online. Kelley Gaudette, who is from Brooksville, is accused of sending the 15-year-old boy photos and videos on an online app and having sex when he came to her home from New York. The Hernando County Sheriff’s Office said investigators received information about a missing teen from New York who was possibly in the county back in May 2020. The 15-year-old’s mother reported that she received a text from her son saying he was in a gated community. A friend of teen’s told police in New York that the teen paid money for a person to drive him to Florida to meet a woman he met online. Hernando County deputies said they were able to find the teen at a home on Scepter Avenue in Brooksville. The mother said she was aware that her son was communicating with an older woman online, and told him it was unacceptable, HCSO said. Investigators said they determined Gaudette believed the teen was considering self-harm due to his situation, so she offered him a place to stay. Gaudette told investigators that she viewed the teen as a son and denied any inappropriate contact. HCSO said the teen was taken from the home in Brooksville and taken to a facility until his mother could pick him up. In June 2020, the teen’s mother said she found disturbing messages between her son and Gaudette that revealed a romantic relationship, according to Hernando County deputies. The next month, the mother also said she found nude photos and videos of Gaudette on a thumb drive that belonged to her son. March 5 of this year, the teen told police in New York that Gaudette sent the nude photos and videos of herself on an online app, and said they had sex once he arrived at the home in Florida. HCSO detectives said Gaudette denied any inappropriate contact with the teen. She was arrested for lewd and lascivious battery on a victim older than 12 but less than 16, principle to traveling to meet a minor, unlawful use of a two-way communication device, and transmission of harmful materials to a minor using an electronic device. Gaudette was taken to the Hernando County Detention Center where her bond was set at $19,000. Advertisementlast_img read more

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Mothercare in Portlaoise to close as company announces liquidation

first_img TAGSMothercare Retail chain Mothercare – which sells a range of maternity products and items for babies and young children – is to close its 14 stores in Ireland, including its outlet in Portlaoise.They announced this morning that the company has gone into liquidation with the loss of 197 jobs around the country. A number of those roles – both part-time and full-time – were based in Portlaoise.Their outlet in Portlaoise was in the retail park on the Timahoe Road. Facebook By LaoisToday Reporter – 12th June 2020 News Twitter Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR WhatsApp Electric Picnic center_img Mothercare in Portlaoise to close as company announces liquidation “When COVID-19 began to spread in Ireland no one knew the scale of the impact that this would have,” said Mothercare’s Managing Director Jonathan Ward in a statement this morning.“I think it’s also fair to say that three months on we are still unsure as to the extent and the duration that COVID-19 will be a factor in our lives.“The impact on our business to date is unprecedented and  what has become clear over the recent weeks is that store sales are going to continue to be seriously impacted in the short term whilst social distancing measures are in place and longer term as consumer habits permanently change.“Our own projections on future store sales were very similar to 360 other companies in a recent Retail Excellence report.“We had already experienced issues with our supply chain in 2020 and when we factor the COVID-19 impact on top of this we are forecasting substantial losses this year alone.“Unfortunately our business is now no longer sustainable as it will continue to make losses into the future.”Their announcement follows on from the decision of Monsoon and Accessorize this week that they will be closing their Irish stores permanently.In April, Debenhams announced it wouldn’t re-open its stores after the Covid-19 pandemic which will result in an overall loss of 2,000 jobs in Ireland.SEE ALSO – Dunamaise Arts Centre appeal for support as theatres across the country battle for survival Previous articleCovid-19 Nursing Homes panel seeking submissions in light of expected impact of virus over next 18 monthsNext articleJOB VACANCY: Thomasina Connell & Co Solicitors seeking to hire Legal Secretary LaoisToday Reporter Pinterest Electric Picnic organisers release statement following confirmation of new festival date Facebook Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest Home News Business Mothercare in Portlaoise to close as company announces liquidation NewsBusinesslast_img read more

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More aggressive action may soon be required to prevent European financial crisis

Related news The European Central Bank may be forced to ramp up its efforts if it hopes to stave off another financial crisis, according to BCA Research. In a research note, BCA points out that, “Political events in Italy are not progressing as fast as markets would like.” Indeed, it says it’s not clear whether any political steps will be sufficient to satisfy the markets at this point. As a result, the region’s central bank is once again intervening, by reportedly buying Italian bonds in the secondary market. Stranded assets a downgrade risk in a low-carbon economy DB plan solvency in best position since financial crisis: FSRA “Unfortunately, the impact on yields is muted since there are now few other buyers for the debt,” it says, and two major clearinghouses have increased margin requirements for Italian debt, which decreases the bonds’ liquidity, leading to still-higher yields. “The further danger is that Italian banks begin to come under pressure as markets discount the effect of sovereign debt markdowns on their balance sheets,” it says. And, as the European bailout fund isn’t large enough to rescue the Italian banks, BCA says that the ECB “may soon find itself dealing with a bigger and bigger problem”. “A further deterioration in Italian sovereign debt prices might prompt the ECB to follow the Federal Reserve and Bank of England and expand its balance sheet through more aggressive purchases, possibly unsterilized, of government debt,” it says. “The sovereign debt crisis once again threatens to get ahead of policymakers’ efforts to contain it. More aggressive action by the ECB may soon be required to prevent a financial crisis,” BCA concludes. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Lessons from 2009 helped BoC avoid liquidity stress in 2020 James Langton Keywords Sovereign rating,  Financial crisisCompanies European Central Bank read more

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CFMEU SA and Master Builders SA call on government to work with industry to avoid shutdown

first_imgCFMEU SA and Master Builders SA call on government to work with industry to avoid shutdown CFMEU SAThe South Australian CFMEU and Master Builders SA are jointly calling on the SA Government to immediately work with the industry to avoid a prolonged shutdown of construction which would damage the economy and hurt businesses and workers as the state grapples with the coronavirus outbreak.CFMEU SA Construction Secretary Andrew Sutherland and MBA CEO Ian Markos say they understand the need to get on top of the coronavirus outbreak, however the construction industry around the country has clearly demonstrated it can safely operate during the pandemic.We both agree that the Marshall government must protect the livelihoods of the more than 75,000 South Australians directly employed in the industry.The industry understands the importance of getting the virus under control and since the pandemic began workers, unions and builders have worked collaboratively to put in place the hygiene and safety measures that ensure the industry can remain open and covid-safe.We are calling on the Marshall Government to work with us to find ways to keep construction going, as the industry has done safely and successfully around the country throughout 2020.Even at the height of the pandemic crisis with hundreds of cases being reported daily, the construction industry in Victoria did not shut down completely. The Victorian CFMEU and MBA successfully worked together to keep sites safe and maintain the industry’s role as a backbone of the economy.The industry in South Australia has already put in place strong safety and hygiene measures to limit the risk of Covid exposure and spread on construction sites and we are ready to work with the State Government to keep the industry open and able to maintain its vital role to the SA economy. It can be done.It is critical that the industry is able to commence planning this weekend for a start next Wednesday – or sooner, so that construction work can start in a safe, planned and controlled way.Andrew SutherlandCFMEU SA Construction SecretaryIan MarkosMaster Builders SA CEO /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. 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:Australia, Australian, construction industry, coronavirus, crisis, Economy, exposure, Government, industry, Outbreak, SA, SA Government, Safety, Secretary, South Australia, Victorialast_img read more

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Name of South Australia’s satellite in hands of our bright young stars

first_imgName of South Australia’s satellite in hands of our bright young stars Every primary and secondary school student across South Australia will have the chance to name Australia’s first state satellite, which will be sent to low-Earth orbit to collect data to benefit South Australians on Earth.Students will be invited to put forward name ideas for the locally manufactured satellite that reflect South Australia’s heritage and rich cultural and linguistic diversity, with the winner to be announced at the 12th Australian Space Forum later in the year.The data collected as part of the SASAT1 Space Services Mission will help every-day South Australians, aid farmers in monitoring water levels so they can more accurately predict future crop yields and support emergency services personnel monitor, manage and even mitigate emergencies like bushfires.Premier Steven Marshall said the naming competition presents an extraordinary opportunity for the next generation of space leaders to contribute to the milestone South Australian space mission.“What better way to reflect the future of South Australia in our own space mission than to have a South Australian school student name the satellite itself,” Premier Marshall sid.“The SASAT1 Space Services Mission represents a leap forward in our state’s already thriving space ecosystem and demonstrates my government’s commitment to delivering on progressive, innovative ideas in partnership with South Australian industry.“There is a universe of careers emerging from the space sector, and one of our priorities is developing a targeted space education program aimed at inspiring our young stars; the SASAT1 Space Services Mission is a wonderful example of this in action.The small satellite will be designed, built and tested in South Australia by local company Inovor Technologies while Adelaide company Myriota will provide Internet of Things (IoT) services for the mission, collecting the data and returning it to Earth. The SmartSat Cooperative Research Centre (CRC) will lead the mission as well as application prototyping.The satellite will be launched from South Australia in 2022, spending three years in low Earth orbit.SmartSat CRC Chief Executive Professor Andy Koronios said the SASAT1 mission was an opportunity to inspire young South Australians about future opportunities in space and demonstrate its impact on everyday life.“We hope this competition will spark the imagination of young people around our state, not only to submit a name for the satellite, but also to picture themselves pursuing a career in the space industry right here in South Australia.“The SASAT1 Space Services Mission will contribute to the lives of every-day South Australians, by providing sensor and earth observation data for more accurate water monitoring and better prediction of crop yields, for example” Prof Koronios said.Minister for Education, John Gardner said the competition is a fantastic opportunity for South Australian students to participate in a landmark moment in this state’s expanding space industry.“The education system is geared up to support students to pursue careers in this important sector and I am sure this exciting opportunity will inspire the next generation of scientists and engineers to aim for the stars.”Information packs for the naming competition including educational resources will be supplied to every South Australian school early in term 2 of 2021. 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