Watch: Rising Indie Pop Duo JR JR Plays KCRW’s Morning Becomes…

first_imgMusicWatch: Rising Indie Pop Duo JR JR Plays KCRW’s Morning Becomes EclecticThe band formerly known as Dale Earnhardt Jr. Jr. talks about their new album and the NASCAR fans in cowboy hats who’d turn up to their showsBy Puneet Singh and Sonya Singh – October 26, 2015710ShareEmailFacebookTwitterPinterestReddItUntil recently, you might’ve received some sidelong glances if you said, “I’m going to see Dale Earnhardt, Jr. Jr. play a concert.” Sorry, NASCAR fans: Dale Earnhardt Jr. Jr. isn’t the famed driver’s DJ name—although we’re intrigued by that concept, too—it is (well, was) the indie pop duo Joshua Epstein and Daniel Zott. These days, Zott and Epstein have dropped the moniker they used since 2009 and simply go by JR JR.The duo reemerged with their third album, a self-titled offering of bright tracks, tight harmonies, and pleasant, Coachella-tent-ready earworms—particularly songs like “In the Middle,” “James Dean,” and lead single “Gone.” We sat down with Epstein and Zott in the green room at Sonos Studios, a showroom and art space in the La Brea Arts District. The green room itself is modeled after one of mega-producer Rick Rubin’s residential listening rooms, with each book and trinket positioned intentionally to optimize the room’s acoustics.At Sonos Studio, JR JR recorded a session and interview for KCRW’s Morning Becomes Eclectic, which you can watch here (or below). We chatted with JR JR about the racing fans in cowboy hats who’d show up at their gigs, freeing themselves from those associations to focus on music, and, of course, the best brunch in L.A.Are fewer Dale Earnhardt Jr. fans showing up to the shows these days since the name change?Daniel Zott: Yeah, we haven’t had to explain much. It’s been pretty smooth, the transition.Josh Epstein: I think it’s cleared up all the confusion that was abounding.When people showed up asking “Where’s Dale?” how did you talk them through it?JE: The time I can remember it specifically happening, we were playing in Costa Mesa at Detroit Bar, and there were these two guys in NASCAR jackets that were waiting outside.DZ: They walked up to our bus!JE: It was an RV at that time…DZ: That’s right, it was like an RV. They were almost knocking on it. It was weird.JE: “Is Dale in there? We came all the way up!”DZ: These are dudes, like 40-year-old men in cowboy hats.JE: They were so mad when they found out. They had obviously driven something like two hours from somewhere. Honestly, it didn’t happen all that often. It was more the Facebook people, ages 55-70, from anywhere from Alabama to South Carolina, sending messages like “My son is sick. The only thing that would make him feel better is if you send him a message.” And we just would feel so bad. That happened fairly often. And if you sent a message to them, you’re adding insult to injury and you’re risking making them feel like shit. There was no good way to do that and that really started to take a toll and made us feel really bad, honestly.Having a name all your own has to be freeing.JE: I think at first when we started the band, the name felt freeing because it felt like we wouldn’t have any expectations, but then the name became an expectation. Some people might not have been willing to listen to the band because they expected it to be a joke, like Tenacious D or something. Now, it feels freeing to not have the burden of the association with something. I think there’s a lot of people that thought [the original name] was a more calculated thing than it was. We just didn’t think we were going to be a band! By the time we realized it was happening, we already had the name.Thanks to the Internet, so many band names are taken. You almost have to just go with it if you find one.JE: Well, we wanted to be the Beach Boys (laughs).DZ: From here on out it’s just about the music. People don’t have these weird associations with goofiness. It’s like, “No, we’re really making music and we really love it.” We have something to say and hopefully this is the start of people seeing that a little bit more.What kind of influences did you bring to this new record?DZ: Some of our childhood interests in music, like R&B, really crept in more on this latest album in terms of it being stripped back and just being about a good vocal and a drumbeat. A couple of other songs having this more singable chorus, a more singable lyric that is harking back to some of the Motown stuff that I loved as a kid, but with a lot more of a Boyz II Men vibe.JE: Things are cyclical for me. After we made the second record, I kind of had a childhood-reliving year where I was listening to all the music that I grew up listening to, like old, cool Whitney Houston and Madonna stuff, but even All 4 One, Jodeci, KC & JoJo, En Vogue, and SWV. When I was really young that’s what was on the radio. “Waterfalls” was like the biggest song in the world. Some people don’t realize that some of those songs are so complicated and beautiful.What do you want people to know about JR JR?JE: Sometimes people don’t necessarily understand that earnestness is a risk with the amount of pretense and facade that exists in a lot of music styles and genres. I think that we’ve made a real attempt to break free from that and just make something that is earnest and heart-on-your-sleeve. I feel like that’s a risk. I hope people would approach it as two people who have made an art project that hopefully is accessible and enough people can relate to. I think it’s a serious project. Hopefully there’s something in it for whatever you are looking for.Who are some of your dream collaborations?JE: I would really want to work with Drake right now. I would love to work with Diplo. Aaron Neville has been a dream forever.DZ: Carole King would be kind of dope. She can write a song.What are some spots in L.A. you like to frequent after shows?JE: We went to Sugarfish before. [After this session], I’ll probably go to La Cita downtown. I live in Downtown L.A. My favorite spot is the Dresden. I know it’s played out, but I love it. I like Nickel Diner downtown for brunch. But, obviously, Sqirl is the best for brunch. Eggslut is not bad. Millie’s is awesome on Sunset. TAGSDale Earnhardt Jr. Jr.JR JRKCRWMorning Becomes EclecticPrevious articleGoing Out After Your Twenties: The Beat Goes OnNext articleHere Are the Best Pumpkin-Flavored Things in L.A.Puneet Singh RELATED ARTICLESMORE FROM AUTHORL.A. Public Radio Station KCRW Reduces Staff by 28 Amid Layoffs and Buy-OutsKCRW Film Critic Elvis Mitchell Will Co-Host the Official Oscar Red Carpet ShowMeet Anne Litt, KCRW’s New Music Directorlast_img read more

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News / AEO scheme suggested for container shippers to comply with new weight rules

first_imgBy Gavin van Marle 26/06/2014 In response to the forthcoming mandatory verification of the weight of containers, the Global Shippers Forum (GSF) has suggested the creation of an accreditation scheme for known shippers, along the authorised economic operator model.Speaking at the final day of the TOC Container Supply Chain conference in London today, GSF secretary general Chris Welsh told delegates the organisation was working with a number of national governments on “how we develop an accreditation scheme for the calculation method”.Under the new Safety of Life at Sea (Solas) amendments adopted by the International Maritime Organization (IMO) last year, shippers must have the declared weight of their container verified by either actual weighing, or demonstrating the calculated weight of the containers – the weight of the cargo plus the tare weight of the box itself.“We are trying to develop a traceable, audit-based system that would warrant the establishment of a national database of known shippers,” Mr Welsh said.“This would provide governments with a traceable source, an assurance that the system is audited and a method of dealing with people who get it wrong.“And there will be major benefits to other stakeholders in the supply chain which have visibility into the database, particularly for shipping lines, and I think it could potentially lead to real improvements in supply chain standards.“And it has commercial spin-offs, such as leading to fewer delays and more efficiency – it could help us move toward the digitisation of shipping documents and getting paper out of the system.”Mr Welsh added that the process of building a model accreditation scheme had begun and he hoped it would be completed within the next six months.However, it has its opponents. Paul Hamilton, assistant secretary at the dockers’ section of the International Transport Workers Federation (ITF), continues to press for the mandatory weighing of containers as the sole method of verification.He told delegates: “We want all containers to be weighed, as you cannot put a price on safety. The calculation method seems complicated and we have requested further clarification, and we will lobby national governments for independent spot checks to be performed.“If the calculation method fails, then mandatory weighing must become law,” he added.Others expressed doubt that the GSF scheme could become a reality internationally.“Let’s face it, most containers are loaded in China, so if there is a problem of misdeclared weight it begins there, and I just do not see how you can enforce such a scheme across all the hundreds of thousands of exporters there,” one forwarder told The Loadstar.last_img read more

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People / World’s first supply chain leader apprenticeship set for 2018 launch

first_img By Alex Lennane 26/07/2017 The Employer Group at the Supply Chain Academy Noting that employers were increasingly calling for greater skills in the industry, he added: “Our aim for this degree apprenticeship is to professionalise the industry. We expect it to go a long way towards addressing the growing skills and management gap in the supply chain sector, and achieving this qualification should provide employers with confidence that the individual has the required understanding of the ‘end-to-end’ supply chain at a leadership level”.Apprentices must be over 16 years old, and may need up to five GCSEs at grades A*-C. They will be given full-time employment status and receive at least apprenticeship minimum wage.The initiative has gathered pace since the government introduced its Apprenticeship Levy – a tax on businesses with a payroll in excel of £3m – which will raise an estimated £2.5bn for apprenticeships.For more information about the supply chain degree apprenticeship, please  visit www.supplychainacademy.org.uk/degree-apprenticeship .center_img The world’s first apprenticeship leading to supply chain leadership roles is set to launch early next year.Some 25 organisations and several universities teamed with Uniserve Group and the Supply Chain Academy, which led the initiative.The Supply Chain Leadership Professional Integrated Degree Apprenticeship will train students both through academic learning, which will take up 20% of the time, and on-the-job training. The cost will be shared between the UK government and employers.“This is a long-awaited work-based career route that will ensure that the UK is well-equipped to deal with the increasing complexities of global trade during and post-Brexit,” said Paul Stone, Uniserve Group’s HR director and director of the Supply Chain Academy.last_img read more

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Gardai appealing for information after two quads and trailer stolen from Laois farm

first_img Twitter WhatsApp By LaoisToday Reporter – 2nd May 2020 Facebook Previous articleCounty Final Memory: Clonaslee claim senior hurling glory in 1975Next articleElectric Picnic headliners reschedule World Tour to 2021 LaoisToday Reporter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest Portlaoise Gardaí are appealing to the public in relation to a burglary and theft from a farmyard on the Old Road, Kilminchy, Portlaoise which happened in the early hours of Friday morning.Two Honda 420 Quads and a 7×4 trailor were stolen.If you are aware of there whereabouts or have any information please contact Portlaoise Garda on 0578674100 and any information will be passed to investigating member.If you passed the location during the night and saw anything suspicious please let us know.Meanwhile, Laois Roads Policing unit on patrol stopped a driver making an unnecessary journey on the M7 on Friday.Further enquiries discovered the driver to be disqualified which led to this driver being arrested and having their vehicle seized.“The driver has been given an essential reason to travel to a court appearance in the coming weeks,” posted Laois-Offaly Gardai on their Facebook page.SEE ALSO – Government announces extension to Coronavirus restrictions and provides road-map to how they are lifted WhatsApp Facebook Pinterestcenter_img News Home News Crime Gardai appealing for information after two quads and trailer stolen from Laois… NewsCrime Electric Picnic RELATED ARTICLESMORE FROM AUTHOR Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Electric Picnic Twitter Gardai appealing for information after two quads and trailer stolen from Laois farm Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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Time for Provocations?

first_img The North Korean government has followed the lead of its Military Command in using a joint statement to warn the South of a ‘crusade of retaliation’, with one official from the South Korean government describing the situation now as ‘very serious’.In the past there have been several cases where North Korea has made a huge issue of any reference to the ruling Kim family, using government agencies and media organizations to react with stern promises of revenge for insulting the nation’s ‘supreme dignity’.On April 15, 2010, a spokesperson from the National Defense Commission referred to a ‘crusade of retaliation’, a move which was followed by the Committee for the Peaceful Reunification of the Fatherland (CPRF), another government propaganda outlet, making further repeated threats to South Korea. On June 29 last year, the Military Command again warned of a ‘crusade of retaliation’ in response to slogans hung up by South Korean frontline forces engaged in training exercises.The latest aggressive response from North Korea has been particularly severe, a reaction to what it calls ‘a blight on the nation’s supreme dignity’ which began in February this year when South Korean troops in Incheon displayed a slogan criticizing the late Kim Jong Il. At the beginning of March, North Korean authorities held a military rally in Pyongyang declaring an ‘indiscriminate crusade’ as retribution for the attack on its ‘supreme dignity’, and since then has been mobilizing its media outlets to heap even more scorn on South Korea.The North Korean response to South Korean President Lee Myung Bak’s radio speech on April 16 fits largely into the same context. North Korea claims that Lee’s references to ‘accelerated isolation’ were an “insult that the leader, the system and the people cannot stand for” and “a heinous, grave provocation inviting wrath.”North Korea experts have been closely observing the pattern of provocation towards South Korea since Kim Jong Eun made his first public appearance, even before becoming the nation’s leader. The sinking of the Cheonan corvette in March 2010 and the attack on Yeonpyeong Island in November of the same year both came following references made by the Military Command, the National Defense Commission and the CPRF to ‘revenge’ and ‘crusades’.The Cheonan sinking occurred little more than two months after threatening a retaliatory crusade, while the Yeonpyeong Island shelling was preceded on September 26 and October 15 of that year by threats of ‘retaliation’ from the CPRF. In the lead-up to political events marking Kim Il Sung’s birthday on April 15 North Korea largely refrained from verbal aggression, but recent days have seen repeated talk of so-called retaliation, crusades and revenge surface once again.Son Gwang Joo, senior researcher at the Gyeonggi Research Institute told Daily NK that “Now they have finished shoring up the Kim Jong Eun system they feel the need to make a display of their strength. Finishing the reshuffle of important figures in the regime as well as loyalty contests playing on Party cadres’ self-indulgence may result in further provocations.”Chief researcher at the Sejong Institute, Jeong Seong Jang added that “It’s all going to the usual schedule of provocations aimed at South Korea.” Jeong also said that “Up until now the regime hasn’t had the ability to do that because it has been busy with preparations for Kim Jong Eun’s coronation. Now that they’ve finished the necessary events there’s a possibility they will engage in provocation.”Jeong also agreed that competition for loyalty amongst the military may lead to provocations.Some experts are warning of the possibility of further provocations at the usual conflict hotspots, including naval provocations in the East Sea; at Imjingak, the site of many propaganda leaflet drops; and across the land border itself.However, there are others who are more skeptical about the prospect of physical provocations. Some say that the recent rocket launch has already soured North Korea’s relationship with China and that preparations for more severe sanctions being pushed by the United States through the UN Security Council will make it difficult to justify any more provocations for the time being. There also remains some possibility that South Korea’s announcement of new cruise missiles earlier this week and the declaration that it is willing to use them may convince North Korea to think twice about the ramifications of any more acts of aggression, at least for now. Is Nuclear Peace with North Korea Possible? Time for Provocations? Analysis & Opinion Analysis & Opinion Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Analysis & Opinioncenter_img SHARE AvatarJeong Jae Sung Analysis & Opinion Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center By Jeong Jae Sung – 2012.04.21 7:14pm Pence Cartoon: “KOR-US Karaoke”last_img read more

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[Photos] North Korean authorities improve treatment of laborers at Wonsan-Kalma

first_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] SHARE News Housing for storm troops mobilized for the Wonsan-Kalma Shore Tourist Zone construction project in Kangwon Province, North Korea. /Image=Daily NKThe North Korean authorities have reportedly been improving the conditions for storm troops mobilized at the Wonsan-Kalma Shore Tourist Zone construction project by providing rations and accommodation.“The brigades and regular construction storm troops in each province are working in better conditions. Provisions for construction laborers have significantly improved,” a source in Kangwon Province said in a telephone conversation with Daily NK on June 22.“Temporary structures are being used to provide accommodation for each of the brigades, but the building interiors are decorated like a family home, allowing the workers to rest properly. The houses were built in a secluded area away from private residences so that the people mobilized for the project would be able to relax in peace after a day’s work.”Storm troops dispatched to national construction projects in North Korea had previously stayed at the houses of local residents. Because proper meals were not provided, the soldiers frequently stole goods such as soybean paste from these private homes.As such, construction projects were a frequent cause of conflict and antagonism between local residents and the military.“Residents are also happy with the separation of housing areas, because they help prevent incidents,” he explained.“Currently, soldiers and residents are happy that supplies are being provided directly from the central government. Regarding the lunchboxes that were being procured from institutions, businesses, the Socialist Women’s Union of Korea, and students in the past, instructions were given to only ‘receive those voluntarily provided by residents,’ so the burden on residents has been reduced.”There has also been positive feedback from the authorities. “Building all the lodges for each brigade together in one area has allowed them to reduce the number of security personnel, and the command seems to be satisfied because they can check everyone who is leaving the area at the entrance,” a separate source in Kangwon Province said.Furthermore, it is said that Kim Jong Un has ordered the construction of the Wonsan-Kalma Tourist City to be completed by next year’s Day of the Sun (Kim Il Sung’s birthday, April 15) and all residents in the area are focusing their efforts on the project.The additional source added that in each province, notifications have been issued to relevant institutions and enterprises calling for the return of absent workers. “Overall, the conditions have improved, but there is still pressure to ‘finish the job quickly,’” he said.Slogans on display at the Wonsan-Kalma Shore Tourist Zone construction site in Kangwon Province, North Korea. /Image=Daily NK Facebook Twittercenter_img RELATED ARTICLESMORE FROM AUTHOR NewsEconomy News US dollar and Chinese reminbi plummet against North Korean won once again By Kang Mi Jin – 2018.06.27 1:33pm [Photos] North Korean authorities improve treatment of laborers at Wonsan-Kalmalast_img read more

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MF Global files for bankruptcy protection after posting major loss

Keywords FuturesCompanies MF Global Associated Press Share this article and your comments with peers on social media Related news MX launches incentive program for firms to hire, train futures traders FIA trio merges into single organization The company, run by former New Jersey Governor and Goldman Sachs head Jon Corzine, was downgraded by debt-rating agencies concerned about its big bets on European debt. It appears to be the first big U.S. casualty of Europe’s debt crisis. MF Global filed its petition with the U.S. Bankruptcy Court for the Southern District of New York. It says it has assets of US$100 million to US$500 million and liabilities of US$10 million to US$50 million. RJO Canada joins Montreal Exchange Securities firm MF Global Holdings Ltd. is seeking bankruptcy protection one week after reporting its biggest ever quarterly loss and having its credit downgraded to junk status. Fitch downgrades MF Global Holdings to junk Facebook LinkedIn Twitter read more

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TSX closes positive after swing late in Wednesday session

Toronto stock market dips on weakness in the energy and financials sectors The Toronto Stock Exchange pushed into positive territory Wednesday to close slightly higher as commodity prices gained traction and investors reacted to a mixed report on the U.S. housing sector. The S&P/TSX composite index added 5.79 points to 12,436.5, turning around earlier losses of as many as 50 points. The junior TSX Venture Exchange added 6.9 points to 1,577.6. Keywords Marketwatch Related news S&P/TSX composite hits highest close since March on strength of financials sector About half of the sectors on the main index were in the red, with the energy and mining sectors weighing on the index. The heavyweight financial sector turned around late in the day to close positive, with shares in TD Bank (TSX:TD) up 38 cents to $83.60. The Canadian dollar reversed earlier gains to shed 0.05 of a cent to 100.78 cents U.S. after losing nearly half a cent Tuesday. Traders reacted to some mildly disappointing news on U.S. home sales, an important gauge for Canadian resource, construction and manufacturing companies that have ties to the housing market south of the border. But, sentiment improved amid a rebound in commodity prices. The U.S. National Association of Realtors said home sales fell 0.9% last month to a seasonally adjusted annual rate of 4.59 million. Economists had expected a February gain of 0.9%. The lower sales followed an upwardly revised 4.63 million in January, which marked the highest level since May 2010. “Although existing home sales did decline (month over month), this was relative to a stronger-than-expected upward revision back in January … we’ve seen a significant improvement in economic newsflow over the last few months, specifically in the U.S.” said Candice Bangsund, a portfolio manager at CWM Investment Counsel Inc. “The employment recovery appears to be underway, which is supporting consumer confidence/spending as well as housing affordability. Rock-bottom interest rates have also spurred demand for housing in the U.S. All in all, we believe that the housing market is in the process of bottoming, supported by the favourable economic landscape in the U.S.” Wall Street closed in the red with the Dow Jones industrials average down 45.6 points at 13,124.6 and the broader S&P 500 index shedding 2.6 points to close at 1,402.89. The Nasdaq composite rose 1.17 points to 3,075.3 following a positive earnings report from business software firm Oracle after market closed Tuesday. Gold added $3.30 to US$1,651.10 an ounce, while copper moved up two cent to US$3.85 a pound. On the TSX, shares in Barrick Gold Corp. (TSX:ABX) shed 19 cents to C$43.28, while shares in miner Teck Resources (TSX:TCK.B) were down four cents to C$35.70. The May crude oil contract was up $1.20 at US$107.27 a barrel. Still, the energy sector on the TSX moved lower, with shares in Imperial Oil (TSX:IMO) down 33 cents to C$45.39. Saudi Arabia, the world’s largest crude producer, said Tuesday that it can quickly boost output by 25% if there is a sudden disruption in global supplies. Crude has jumped from $75 in October as traders have worried a conflict over Iran’s nuclear program could interrupt supplies. In Canadian data, Statistics Canada said its composite leading index, which offers a snapshot of the health of the economy, rose 0.6% in February, after rising 0.4% in January. It was the eighth consecutive monthly increase in the index, with six of its 10 components rising. On the corporate front, Montreal-based Miranda Technologies Inc. (TSX:MT) is talking with a number of unnamed strategic partners about ways to enhance the company’s value, while making a change on its board. Its shares jumped 15% or $1.58 to $12.22. Shres in SNC-Lavalin (TSX:SNC) lost 27 cents to close at $38.65 after the company said it has signed $133-million project management contract with Petroleos de Venezuela S.A. for the Delta Caribe Oriental project. In a report Wednesday, Goldman Sachs analysts urged investors to dump bonds and put money into stocks. The report argues the weak economic growth in the United States and Europe is not universal, and that the 2010s could be the strongest period for world growth between 1980 and 2050. Also on Wednesday, U.S. Federal Reserve chairman Ben Bernanke said stress tests showed the United States’ largest banks could withstand shocks from Europe, even if the debt crisis there significantly worsened. Bernanke told the House Oversight and Government Reform Committee that the U.S. banking system remains exposed to Europe. Over the past few weeks, stocks have been buoyant as U.S. economic figures were upbeat and concerns over Europe’s debt crisis eased. Many stock indexes are trading at multi-month highs, while the main U.S. markets at their highest levels in nearly four years. Sunny Freeman Share this article and your comments with peers on social media TSX gets lift from financials, U.S. markets rise to highest since March Facebook LinkedIn Twitter read more

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Regulators well represented on Ontario’s annual sunshine list

first_img Share this article and your comments with peers on social media Facebook LinkedIn Twitter Ontario proposes new jobs training tax credit for 2021 FSRA to focus on reducing regulatory burden Keywords Executive compensation,  Ontario James Langton AMF says Bombardier exec compensation plan falls within the law The list details compensation for all employees earning at least $100,000 annually at the provincial government and crown agencies, including provincial regulators such as the Ontario Securities Commission (OSC), the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corp. of Ontario (DICO). The $100,000 cutoff was set when the disclosure initiative was established in 1996 and has not been adjusted since then, leading to an ever-growing list. Among the regulators, the OSC leads the way with 317 employees on the list earning a combined $52.9 million in annual compensation. Maureen Jensen, OSC chairwoman and CEO, heads the list with $642,782 in annual pay. She is followed by vice chairwoman Monica Kowal ($542,940.67) and vice chairman Grant Vingoe ($446,047.29). No other OSC employee is above the $400,000 mark. FSCO has 83 employees on the list this year, earning just more than $10 million combined; and there are 25 DICO employees, with $3.4 million in combined annual salary. Earlier on Friday, provincial Finance Minister Charles Sousa reiterated the government’s pledge to create a new provincial regulatory authority to replace FSCO, which would also take over DICO’s regulatory duties. The proposed new body, which would be known as the Financial Services Regulatory Authority of Ontario (FSRA), would oversee market conduct, pension plans and prudential regulation. Read: Ontario in favour of Expert Committee’s proposed rules for advisors, financial planners Recently, an expert committee recommended that the OSC and the new FSRA be given the authority to regulate financial planning and advice. On Friday, Sousa also indicated that the government intends to pursue some of that committee’s recommendations. This year’s sunshine list also shows that former provincial finance minister Janet Ecker earns $291,350 a year as president and CEO of the Toronto Financial Services Alliance. Photo copyright: uulgaa/123RF Related news The latest edition of Ontario’s “sunshine list” includes about 425 employees from the financial services sector’s various regulatory agencies. Industry applauds Sousa’s regulatory proposals last_img read more

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U.S. home construction slips 0.9% to 1.25 million in June

first_img dbvirago/123RF Economy lost 68,000 jobs in May Leading indicators signal steady rebound: OECD U.S. home construction slipped last month as an uptick in the building of single-family homes was offset by a big drop in apartment construction.The Commerce Department said Wednesday that construction was started at a seasonally adjusted annual rate of 1.25 million in June, down 0.9% from 1.27 million in May. Construction of single-family homes rose 3.5%, but apartment building skidded 9.4%. Paul WisemanAssociated Press Household debt-to-income ratio fell in first quarter: Statscan Keywords Housing,  Economic indicators Related news Applications for building permits, an indication of future construction, fell 6.1% last month to 1.22 million, the lowest since May 2017.Falling mortgage rates are expected to spur home construction, overriding other concerns such as shortages of building lots and construction workers. The average rate on a 30-year, fixed-rate home loan last week stood at 3.75%, down from 4.53% a year ago.Home construction overall was up 6.2% last year from June 2018. Single-family construction slid 0.8% and apartment building jumped 25.3% from a year earlier.Housing starts rose 31.3% from May to June in the Northeast and 27.1% in the Midwest but fell 9.2% in the South and 4.9% in the West. Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

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