ECB’s Benoit Coeure calls for removal of non-tariff barriers for trade with Europe

whatsapp ECB’s Benoit Coeure calls for removal of non-tariff barriers for trade with Europe Thursday 16 February 2017 4:40 pm The removal of non-tariff barriers to trade could give a big boost to trade, according to an influential European central banker.Benoit Coeure, a member of the executive board of the European Central Bank (ECB), said “gains from trade are likely to be quite large” if countries can remove impediments to free trade. In a speech marking 25 years since the Maastricht Treaty created the EU, he said: “Trade is often hindered by more subtle forms of protectionism, including national regulation aimed at protecting domestic industries and state aid provided for similar reasons. The removal of these barriers, as in the European case […] might lead to large efficiency gains.”Read more: As Trump prepares to dump TPP, is globalisation going into reverse?While most economists point to the benefits of globalisation, protectionist politicians around the world, including US President Donald Trump, have taken advantage of discontent over the effects of international trade.Politicians and policymakers are facing a growing backlash against globalisation, with politicians like Marine Le Pen in France threatening to leave the euro and stop the free movement of people, one of the central pillars of the EU. Le Pen has campaigned on an explicitly protectionist platform.Coeure said: “I believe that reducing real and financial integration via harsh protectionism is tantamount to destroying machines, as the Luddites did during the industrial revolution.” In a strong defence of globalisation, Coeure said the EU is the “most elaborate attempt ever to mitigate the inevitable political trade-offs arising in a globalised world,” an attempt which had been “largely successful”.Read more: Robin Hood financial transactions tax is “within reach” says EU politicianCoeure also raised the possibility of a financial transactions tax as a potent political symbol which would increase acceptance of globalisation.“Given that it is easy to understand and intuitive to many citizens, it could increase the political legitimacy of financial globalisation, thus making it more enduring and, to some extent, more equitable,” he said.The idea of a tax on financial transactions, most famously proposed by US economist James Tobin, has been vetoed by the UK government in the past, but the countries involved in pushing the policy have renewed efforts in light of the UK’s imminent exit from the EU. Jasper Jolly Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likeanymuscle.com15 Cancer Symptoms YOU Ignoreanymuscle.comUndoRecetas Get7 Simple Ways To Naturally White Teeth At HomeRecetas GetUndotibgez10 Signs & Symptoms of Lewy Body DementiatibgezUndoDID U KNOW ReviewsUnsold 2018 SUVs Going for Pennies on the Dollar: Great For SeniorsDID U KNOW ReviewsUndoCleverstThe Top 20 Greatest Tennis Players Of All TimeCleverstUndoLearn It WiseTheir Reaction Was Priceless When He Return The Next Day After An Employee Treated Him RudelyLearn It WiseUndoBuzzDestination7 Types of Men Who Are Not Made For Relationships.BuzzDestinationUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoHealthy ZoneWarning! 10 Subtle Signs of Kidney Diseases that Should Never Be IgnoredHealthy ZoneUndo whatsapp read more

An unmanned Russian spacecraft bound for the International Space Station is plummeting back towards earth

first_img An unmanned Russian spacecraft bound for the International Space Station is plummeting back towards earth More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Emma Haslett whatsapp Wednesday 29 April 2015 7:05 am Show Comments ▼ We don’t wish to alarm anyone, but it seems an unmanned spacecraft is plummeting, out of control, towards the earth. A “wild rotational spin” has been observed, Nasa said. There are few situations in which “wild rotational spin” is a good thing…The Russian Soyuz 2-1A rocket fitted with “the latest Progress resupply vehicle” was on its way to resupply the International Space Station (ISS) with three tons of food and other goods, when contact was lost. The craft had been due to dock with the ISS tomorrow.  The Guardian reports that an anonymous Russian official had confirmed the craft had “started descending”. “It is clear that absolutely uncontrollable reactions have begun,” they added. Gulp.Earlier today, Nasa confirmed the Russians were “troubleshooting” Progress. “Flight controllers are continuing attempts to communicate with it,” it added.A statement from the Russian space agency is expected later today. Until then, it might be best to stay indoors… Share Tags: International Space Station whatsapplast_img read more

Greek Prime Minister Alexis Tsipras appoints new cabinet to tackle bailout reforms

first_img Share whatsapp whatsapp Wednesday 23 September 2015 6:14 pm Jessica Morris Greek Prime Minister Alexis Tsipras appoints new cabinet to tackle bailout reforms Greece’s new cabinet was sworn in today, enabling the newly re-elected government to get on with the economic reforms that underpin the country’s third bailout deal.Greek Prime Minister Alexis Tsipras reappointed oxford economist, Euclid Tsakalotos, as finance minister. He’d played a pivotal in brokering the three-year €86bn (£61bn) bailout agreement with creditors in August. “Our priority is the recapitalisation of the banks so there will be stability in the economy, and secondly concluding the assessment (with lenders) and starting discussions over debt,” Tsakalotos said.Read more: The bell is tolling for Greece – but it’s tolling for Europe now tooGeorge Chouliarakis, finance minister in the caretaker government and a senior member of the bailout team, has been made deputy finance minister. This means the core economics team is broadly the same.The leftist Syriza party formed a coalition government with the right-wing Independent Greeks, after securing a shock win in the country’s snap elections on Sunday. They must now push through politically contentious legislation, such as cuts to pensions and higher taxes, through the Greek parliament.The first review of Greece’s bailout programme starts next month – and the debt burden is likely to be discussed. Greece believes that it will become unsustainable without some kind of haircut, but creditors such as Germany have repeatedly argued debt relief is illegal under the EU treaties.Read more: Greek bank shares bear brunt of the debt crisis Show Comments ▼last_img read more

States look to lower drug costs, consider Canadian imports

first_img Associated Press About the Author Reprints MONTPELIER, Vt. — Lawmakers in more than two-thirds of the states are considering ways to reduce prescription drug costs, including importing them from Canada, as they strive to balance budgets without knowing for sure what their government’s share of the tab will be.A total of 87 bills in 34 states of all political stripes seek to save money on prescription drugs, according to the nonpartisan National Academy for State Health Policy. Six of those states are considering bills that would allow drugs to be imported from Canada, where they cost an average 30 percent less than in the United States. Log In | Learn More Tags policy GET STARTED States look to lower drug costs, consider Canadian imports What is it? By Associated Press Feb. 11, 2018 Reprints 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. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED 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. What’s included? Politics Spencer Platt/Getty Imageslast_img read more

Joe Mallon Motors Car of the Week: 192 Renault Captur from €60 per week

first_img TAGSJoe Mallon MotorsRenault Captur Comments3x3point rear seat beltsAdjustable seatsAdjustable steering column/wheelAir ConditioningAlloy WheelsAuto LightsAuto Lights and WipersAuxiliary Jack InputBluetooth PhoneBody Coloured BumpersBody Coloured Bumpers/MirrorsCentralised lockingChild LocksChrome PackageClimate ControlCruise ControlCurtain AirbagsDriver Knee AirbagDual Climate ControlElectric MirrorsElectric WindowsExtended WarrantyFoglightsFront Electric WindowsFront Fog LightsFull Service HistoryHands Free KitHeat preventing glassHeated MirrorsISO FixImmobilizerLumbar SupportMetallic PaintMulti-Function Steering WheelMultiple AirbagsParking AssistancePassenger AirbagPower SteeringPrivacy GlassRear Electric WindowsRear Parking SensorsRemote Central LockingSatellite NavigationSide AirbagSide Impact ProtectionSplit Fold Rear SeatsStop and Start SystemTinted WindowsTraction ControlUSBWindows front + rear electricDriver Airbag GAA Pinterest Twitter Previous article8 year boil notice has Laois residents boiling madNext articleStrong Laois representation in first weekend of All Ireland League rugby season LaoisToday Reporter GAA Twitter By LaoisToday Reporter – 8th October 2019 Joe Mallon Motors Car of the Week: 192 Renault Captur from €60 per week Facebook 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshincenter_img Facebook GAA RELATED ARTICLESMORE FROM AUTHOR WhatsApp This week’s Car of the Week from Joe Mallon Motors is a 192 Renault Captur.With a finance option in place, this car could be yours from €60 per weekThis is another Exceptional Offer From JOE MALLON MOTORS.Why buy from Joe Mallon Motors? Confidence, peace of mind, reassurance.SummaryThese are the virtues of buying an Approved Used Car because every car has or is supported by:Multipoint inspectionComprehensive reconditioningvaletingMileage verificationVehicle validation checkFinance Packages available subject to terms and conditionsOver 31 Years’ experience selling used vehicles. Here are all of Wednesday’s Laois GAA results Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest WhatsApp SEE ALSO – Check out more great deals from Joe Mallon Motorslast_img read more

Kim Jong Eun’s Long-lasting Pain in the Neck

first_img Facebook Twitter By Kim So Yeol – 2010.11.30 5:41pm One year ago today, the North Korean authorities launched a currency redenomination which produced limitless confusion and bitter complaints across North Korea. Now, The Daily NK looks back on the last year and contemplates the lasting effects of November 30, 2009. The redenomination, carried out 17 years after the fourth currency redenomination of 1992, was an attempt to eliminate free-market tendencies and claw back money circulating in private hands. Looking back, it seems intended to try and restore the socialist economic system prior to Kim Jong Eun’s emergence and through that to gain the popularity necessary for the third generation succession. However, due to unprecedented inflation, there was a cacophony of complaints about the measure, and the aftermath became the biggest hurdle in the Kim Jong Eun succession project. For example, although the authorities devalued the currency by 100:1, rice, which was selling for 44 won per kilogram right after the redenomination, had already soared to 1,500 won three months later in Hoiryeong, North Hamkyung Province. Even worse, the authorities allowed each household to exchange 100,000 won in old currency and save the rest in banks. This measure, aimed at drawing currency into the banks, also added to people’s difficulties, added to inflation and reduced amounts of currency in circulation. The authorities prohibited general markets immediately after the redenomination, but allowed agricultural markets to open once in ten days. Additionally, they launched a “50-Day Battle” to sweep out free market elements on the orders of the National Defense Commission. The intention behind the redenomination and additional measures can be seen in a Chosun Shinbo interview with a Chosun Central Bank official, Cho Sung Hyun, early in December last year. According to Cho, “In the past, since the state was not able to guarantee the materials it planned for factories, some markets were allowed. Now, as state ability is strengthened, the role of markets, which have played an ancillary role, will be weakened.” The authorities also banned foreign currency usage, in an apparent attempt to attack hidden funds which wholesalers and middlemen had accumulated. However, the authorities lifted the ban on general markets and allowed trading in most products as of February 1st because the aftermath of the redenomination was proving unfavorable. It was a de-facto declaration that anti-market policies had failed. Thereafter, the authorities used the execution of former Director of the Planning and Finance Department Park Nam Ki, and other officials lined up as scapegoats for the redenomination fiasco, to try and halt social conflicts, but the effects lingered.Im Eul Chul, the director of the Center for International Cooperation on North Korean Development, explained the background to the measure yesterday, saying, “At that time, even though North Korea had high demand for the purposes of establishing the succession system and a strong and prosperous state by 2012, due to international sanctions and bad inter-Korean relations following the second nuclear test, state revenues were in a dire state.” Im went on, “Through domestic deposits, the authorities were guaranteed more revenue, but the effect didn’t last long because the value of the currency had declined. Additionally, the effect of expand revenue was quite limited because the authorities were not able to control the significant foreign currency traders held by traders, even though they had taken the general people’s money.” A further anonymous expert on North Korea believes that the purpose of the redenomination was the reorganization and normalization of the regime through the expansion of its financial capacity. “It was to weaken the economic activities of all large scale traders besides the regime,” the expert explained. “From the regime’s point of view, they intended to reorganize power (in the markets) by giving a blow to bigger traders, but in consequence, smaller scale traders (who could barely get-by on selling) faced difficulties.” The side effects of the currency redenomination still have yet to settle. Inflation has become a chronic problem; rice in Pyongyang is still around 900 won, while the average salary of a general worker is around 1,500 won a month, and is not paid regularly. The failure of the currency redenomination is even one element in the backdrop to the Yeonpyeong Island attack, according to one researcher from the Network for North Korean Democracy and Human Rights, Kim Young Hwan. Kim said, “It is impossible to feel favorable toward Kim Jong Eun, who has appeared in an extremely dire situation caused by the failure of the redenomination,” and added, therefore, “As Kim Jong Il considers the succession project his priority, he has used this drastic card in order to raise military tension between North and South for internal solidarity.” He went on, “During the process of Kim Jong Il’s succession, almost no one was against it, but in the Kim Jong Eun case, most people are displeased.” “Internal economic conflict caused by the failure of the redenomination will be a long-lasting pain in the neck,” Kim concluded. Analysis & Opinion SHARE AvatarKim So Yeol RELATED ARTICLESMORE FROM AUTHOR Analysis & Opinion center_img Is Nuclear Peace with North Korea Possible? Analysis & Opinion Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Kim Jong Eun’s Long-lasting Pain in the Neck Analysis & Opinion Pence Cartoon: “KOR-US Karaoke”last_img read more

Financial services firms contribute to new fund to promote inclusiveness

first_img Share this article and your comments with peers on social media Twenty-one financial services firms and organizations have contributed a total of $3.5 million into a new philanthropic fund designed to support awareness and education programs that promote openness, inclusiveness and equality. The development of the Inclusion fund came following a mass shooting in a Quebec City mosque that killed six individuals and wounded 19 others in January. The Inclusion fund will initially help finance ENSEMBLE, Equitas and Institut Pacifique, which are organizations located in Quebec that work with young people to build environments free of discrimination or harassment. “The allocated funds will allow them, among other things, to broaden the scope of their existing programs,” states an announcement released Sunday. “Over the years, other organizations could be selected to be part of the Inclusion fund.” The partners in the Inclusion fund are: Bank of Montreal Business Development Bank of Canada Caisse de dépôt et placement du Québec Canadian Imperial Bank of Commerce Desjardins Group Fondaction CSN Fonds de solidarité FTQ Great-West Life Assurance Co. Industrial Alliance Insurance and Financial Services Inc. Investors Group Inc. Intact Financial Corp. La Capitale Financial Group Mackenzie Financial Corp. Manulife Financial Corp. National Bank of Canada Power Financial Corp. Royal Bank of Canada Bank of Nova Scotia SSQ Life Insurance Co. Inc. Sun Life Financial Inc. Toronto-Dominion Bank Photo copyright: joggi2002/123RF Financial services firms contribute to new fund to promote inclusiveness joggi2002/123RF Related news Quebec budget hikes spending to ‘stimulate’ economy amid global uncertainty Tessie Sanci Keywords Quebec Quebec drops small biz tax rate, extends tax for financial institutions Facebook LinkedIn Twitter Sophie Orru to support Capital Group’s Quebec expansionlast_img read more

Importance of Diaspora Members Working Together Emphasised

first_imgAdvertisements RelatedImportance of Diaspora Members Working Together Emphasised FacebookTwitterWhatsAppEmail Tourism Minister, Edmund Bartlett has emphasised that it is important for members of the Diaspora to work together for the success of not only the tourist industry, but also of the country.Declaring open the Friends of Trelawny Association (FOTA) Business Expo on May 24, at the JFK Holiday Inn Grand Ballroom in Queens, New York, Mr. Bartlett said: “As we chart a new course for optimum growth in the highly competitive area of global tourism, it is imperative that the various stakeholders, including you in the Diaspora, work to help strengthen the existing alliances.”“Today’s expo and symposium bring together a range of organizers and people from various sectors to discuss issues critical to investments and tourism and will chart the way forward for development of the parish of Trelawny,” he added.The Minister pointed out that the survival of Trelawny and, by extension Jamaica, would depend on, “to a great extent, our ability to work together to solve those issues that confront us.”Among the exhibitors were: The Hampden Wharf Development, Harmony Cove, Jamaica Tourist Board, Jamaica Trade & Invest (JTI), Elmira Duncan’s Bay Housing Development, GraceKennedy, Western Union, Jamaica National Building Society, Paradise Real Estate, Scotia Bank Group, and Jamaica Consulate, New York/Jamaica Information Service (JIS). RelatedImportance of Diaspora Members Working Together Emphasisedcenter_img Importance of Diaspora Members Working Together Emphasised UncategorizedMay 29, 2008 RelatedImportance of Diaspora Members Working Together Emphasisedlast_img read more

Foreign Secretary agrees UK-Singapore joint statement

first_imgForeign Secretary agrees UK-Singapore joint statement The UK today agreed a joint statement with Singapore reaffirming both countries’ commitment to free trade, climate action, and sustainability as we rebuild after the pandemic.The joint statement also sets out a shared approach on technology, knowledge and education, security and resilience, as well as our mutual human rights obligations. It is linked to the Free Trade Agreement signed by the 2 countries in December last year.The Foreign Secretary agreed the statement on behalf of the UK earlier today, with his counterpart from Singapore Foreign Minister Vivian Balakrishnan.Foreign Secretary Dominic Raab said:The UK-Singapore Partnership is based on shared goals on security and climate change, as well as our drive towards innovation and prosperity.Today, Foreign Minister Balakrishnan and I committed to reinforcing existing links and creating new opportunities for cooperation. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, climate change, education, foreign minister, free trade, Government, Human Rights, innovation, Minister, resilience, Secretary, security, Singapore, sustainability, technology, UK, UK Governmentlast_img read more

Study finds Australian technology improves quality of care for residents in aged care

first_imgStudy finds Australian technology improves quality of care for residents in aged care A two-year independent evaluation by the University of Canberra of the deployment of a ground-breaking piece of Australian technology has found that standards in the residential aged care sector can be dramatically improved, just weeks after the findings of the Royal Commission into Aged Care Quality and Safety were handed down.The technology, ‘ACE’, has been developed by Canberra-based technology firm Humanetix and is a point-of-care documentation, decision-support and clinical workflow IT system to support staff care delivery for aged care residents.Project leader, and Associate Professor of Nursing, Dr Kasia Bail said the study highlights for the first time what nurses and care workers in residential aged care facilities spend their precious time doing.“Our study highlights not only the potential for technology to help nurses and care workers focus on care, but also an opportunity to improve practice over time,” Associate Professor Bail said. “This study found 20 per cent nursing time was saved, and nurses were able to spend more quality time with residents rather than administration”.Associate Professor Bail said improvement in quality of care is the primary goal of the Royal Commission recommendations.“This study shows improved staff access to information about residents leads directly to better quality and more efficient care. This is important when there are challenges in attracting and retaining sufficiently skilled staff to attend to person-centred care. The ACE system identifies value for money, in efficiently redirecting time for care,” Associate Professor Bail said.Humanetix Founder, Matt Darling said the Aged Care Royal Commission recommended that by July next year, aged care recipients should receive at least 200 minutes per day of care time.“Sadly, such a benchmark is rarely met, and we know that many nurses are of the view that the most time-consuming part of their job is documentation and administration,” Mr Darling said.“This is where ACE comes in. The independent UC study confirmed our system allows nurses and carers to spend significantly more time with residents, to improve the quality of care and to provide better data about the care residents receive.”The IT system, funded by the Federal Government, has been successfully implemented at 170-bed facility, Jindalee Aged Care Residence in Canberra.Council of the Ageing Chief Executive, Ian Yates said the results demonstrate that improving care for older Australians needs more than just throwing money at the problem.“We not only need adequate resources, but also tested systems-based solutions that ensure the people caring for our elderly have the tools and support they need to do their jobs effectively,” Mr Yates said.“The Government is to be commended for demonstrating what is possible using an innovative Australian technology.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:aged care, Australia, Australian, Canberra, Commission, Federal, federal government, Government, Jindalee, Professor, residential aged care, residential aged care facilities, royal commission, technology, university, University of Canberralast_img read more