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Euro falls as European Central Bank member says more cheap loans to banks being discussed

first_img Read more: Germany narrowly avoids recession as GDP stagnates in the fourth quarterA previous round of loans through its current Targeted Long-Term Refinancing Operation (TLTRO) must be paid back in 2020, leaving some banks, particular in Italy, facing a potential funding shortage.Eurozone bank stocks rallied as a result of Coeure’s comments which gave weight to speculation that the ECB was set to deploy stimulus measures to counteract the bloc’s slowdown.The Borsa Italiana index of banks jumped 3.9 per cent to its highest level since the beginning of December.But the euro fell to $1.1234, its lowest since 12 November before recovering ground slightly to trade 0.25 per cent down. Euro falls as European Central Bank member says more cheap loans to banks being discussed Callum Keown by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunRare Photos Show Us Who Meghan Markle Really IsPost Fun The euro fell to a three-month low this afternoon after the European Central Bank’s Benoit Coeure said a new round of cheap loans to Eurozone banks was possible.The ECB board member said the bloc’s economic slowdown would be “stronger and broader” than expected and that the possibility of more multi-year loans was being discussed. Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Friday 15 February 2019 3:50 pm whatsapp Tags: Trading Archive whatsapp “It is possible, we are discussing it, but we want to be sure that it serves a purpose,” Coeure said in New York earlier today.“There might be scope for another TLTRO,” he added, also suggesting that the path to inflation would be more shallow and the economic slowdown worse than expected.Read more: Eurozone investor confidence slumps to new four-year lowIt comes amid a consistent spell of weak economic data that has plagued the bloc in recent months.Italy entered a recession at the end of last year, and Germany narrowly avoiding joining it with a flat GDP growth in the final quarter. last_img read more

Residents begin moving into their new homes at Juneau’s expanded Housing First facility

first_imgHealth | Housing | JuneauResidents begin moving into their new homes at Juneau’s expanded Housing First facilitySeptember 12, 2020 by Adelyn Baxter, KTOO Share:Phase two of Juneau’s Housing First project in Lemon Creek doubled the size of the existing Forget-Me-Not Manor. (Photo by Adelyn Baxter/KTOO)The first tenants began moving into the new wing of Juneau’s Housing First facility this week.Housing First is a concept that provides permanent housing and access to services for vulnerable people.Juneau’s Housing First facility in Lemon Creek is called Forget-Me-Not Manor. The new wing doubles its size.Once everyone’s moved in, the building will house more than 60 chronically-homeless residents.Mariya Lovishchuk is the project coordinator for the Juneau Housing First Coalition. She also runs the Glory Hall, Juneau’s downtown homeless shelter.“This time, it’s a little bit more complicated by COVID,” Lovishchuk said.Moving into the Housing First facility requires federal vouchers, which the pandemic has made more difficult for some people to get. But Lovishchuk said everyone should be settled in before winter arrives.Forget-Me-Not Manor first opened three years ago. There’s a medical clinic on-site and counseling is also available. Tenants pay rent on a sliding scale, depending on their monthly income.In the first six months after it opened, a study by University of Alaska researchers found that tenants saw a significant drop in emergency room visits and interactions with police.Lovishchuk hopes the new wing will reduce pressure on the Glory Hall and the city’s emergency shelter.The Glory Hall had to reduce the number of people allowed inside the building during the pandemic. They plan to build a new facility in the Mendenhall Valley next year.“I don’t think it’s going to help at all with our issue of having only 23 people inside or for our building being completely inadequate for COVID,” Lovishchuk said.She added that people moving into the Housing First facility — many of them medically vulnerable — will be safer not sleeping in group settings.Volunteers from a local quilting group made quilts for every new resident. Northern Light United Church donated gift baskets with basics like shower curtains, dish soap and towels.Who should get a say in where Juneau’s new emergency shelter is located?Share this story:last_img read more

The Stump is dead: Here’s everything we know about The Pinnacle, London’s next skyline-altering tower

first_img Show Comments ▼ Emma Haslett So the Pinnacle, the London skyscraper that never was, looks like it might finally be built.The tower, on Bishopsgate in the City of London, was nicknamed “the Helter Skelter” because of its twisty design at the top, but met an undignified fate when its developer, Brookfield Multiplex, was forced to abandon work on it during the depths of the recession in 2011. The plan was for it to rise to 63 storeys, or about 945ft (which would have made it only slightly shorter than the Shard’s 1,014 ft) – but in the end it only reached seven storeys before work was abandoned, despite the fact £400m had already been spent on the project. Since then, it’s been rather unkindly nicknamed “The Stub”.But Europroperty reported last week that Brookfield is in talks with a consortium of investors led by pension giant Axa to buy the building for £220m. That means work could finally begin again – although even if the deal goes through now and work begins immediately, it’s unlikely to be complete until 2018, four years after originally planned.Source: KPFThe original design for the building included a million square feet of office space and London’s highest viewing gallery and restaurant (even higher than the Shard’s). But that looks unlikely to be the result now: if work does begin again, the building could end up looking radically different. The current design involves specially-moulded curved glass panels, which pushed the cost of construction up massively. Originally, the cost of building it was estimated at £550m, although some suggested it could cost as much as £1bn. A review undertaken last year claimed it would be less than that.Architect industry magazine Building Design reported in September that the original design, by US architects Kohn Pederson Fox Associates (KPF), had been scrapped and a fresh planning application was in the works.And not surprisingly given the cost, the reports over the weekend suggested if the deal does go through, the project’s new owners are likely to change the design of the scheme to bring down its costs. So it may be the end of the Helter Skelter – but the Pinnacle will may now live on. Source: KPF whatsapp whatsapp Monday 3 November 2014 1:29 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution The Stump is dead: Here’s everything we know about The Pinnacle, London’s next skyline-altering tower Share Tags: bridges and landmarks London buildingslast_img read more

With science and scripture, a Baltimore pastor is fighting Covid-19 vaccine skepticism

first_imgHealthWith science and scripture, a Baltimore pastor is fighting Covid-19 vaccine skepticism Tags CoronavirusHealth DisparitiesprofilesracismVaccines By Amy Sokolow Aug. 31, 2020 Reprints King has more authority than most pastors to speak about public health: He touts a 30-year career in government health care, including a stint at the Center for Medicare and Medicaid Services, where he served as the director of the Office of Minority Health, an office he founded. He earned both a master’s and a scientific doctorate in community health.King’s credentials, combined with the fact that his mother was the founding pastor of the tight-knit church, lends him a great deal of trust from, and influence over, his congregants. And it’s to them and their lives that he wants to devote himself. He says the death of Freddie Gray at the hands of police in 2016, which sparked protests throughout the city and country, spurred him to give up government service in favor of focusing on his community.“I went from this racing executive who ran from pulpit to the executive suite of CMS, to one that said, ‘Wait a minute, my city’s on fire, there’s far more that should be and can be done to impact the community outside of our door,’” he said. “So that has become my life crusade.” Related: King is hoping he can combat that skepticism the same way he’s convinced his congregants to wear masks and stay home when they can — through his weekly sermons. And he’s hoping to take those teachings national. He’s already working alongside both academic and religious institutions in Baltimore and beyond to broaden his reach before a potential vaccine is approved.“Act locally, and think nationally” has become King’s mantra of sorts, repeated in his low and slow tone as he talks strategy for his vaccine communications plan.“I think that the nexus … of religion and health care is one that has not been examined, utilized, and exhausted in the African American community,” he said of his strategy, which he plans to roll out this fall. “I don’t think there has been enough attention to the importance of storytelling, and who those storytellers are, and the effectiveness of utilizing those storytellers to build a bridge between health care institutions and the community.” In the race for a Covid-19 vaccine, Pfizer turns to a scientist with a history of defying skeptics — and getting results King plans to update his congregation about Covid-19 vaccine development every week through the fall, during both services and Bible studies, to familiarize them with the drug companies and medical terms associated with the vaccine. He’ll also preach to them about the importance of getting the flu vaccine this year, both for their health and in hopes that it will make them more comfortable with the eventual Covid-19 vaccine. He’s also quick to say he’ll explain his plans to take those trainings national, a move he considers essential to maintaining trust between him and his congregants.Next, he plans to share the lessons he learns from his congregation and a list of resources for teaching congregants with other pastors in the Baltimore community. Pastor J. L. Carter, president of the Minister’s Conference of Baltimore and Vicinity and a longtime friend of King’s and fellow Baltimore-area pastor, hopes to share this framework with other clergy leaders in the city and across the nation, a group he calls “the ultimate fraternity.”Although the church is known as a means of sharing public health information for ailments common in the Black community, like sickle cell disease and high blood pressure, it has become even more important during the pandemic. Many of the traditional places to share public health information in communities, like barbershops and community health centers, are frequented less often due to fears about contracting Covid-19, so the onus may fall more heavily on religious leaders, said Hall, of NMQF. She added that local media outlets, school system leaders, and Greek organizations are also important distributors of information in the Black community. Will Covid-19 vaccines be safe for children and pregnant women? The data, so far, are lacking Related: King knows vaccine acceptance will be a challenge in his community, a community he says, like many others in the U.S. that has “often been taken advantage of and abandoned and left without the support” from institutions in the past.King’s son, Terris King II, has been watching his father preach for most of his life, and said that his father’s approach to Covid-19, so far, has been working. “People listen to my dad. People are staying home. And the reason why is because what he tells him every week on these calls is like, ‘I actually love you,’” he said. “He’ll speak out against Trump and against the system and say, ‘They don’t know you, and I’ve been loving on you through my actions.’”These actions have included dropping off meals for elderly congregants during the pandemic, talking through difficulties with congregants one-on-one on the phone, and keeping them out of the church, physically.“The trust is in me and me in them,” the elder King said.“It’s not about the agencies or the administration. It’s that, ‘This guy knows more than we do,’” he added, reflecting on how his congregants seem to see him. “‘He’s been inside those institutions. He’s led those institutions, therefore he knows what to look for. And we trust him because he wouldn’t do anything to hurt us.’” “We take him as gospel. If he’s telling us to do this, he’s telling us this for a reason.” Please enter a valid email address. Privacy Policy Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Related: Since then, he’s left his government job and lent his public health and community-based expertise to grassroots organizations throughout the city, including the Family League of Baltimore, and he sits on the board of the National Minority Quality Forum to help develop a vaccination education strategy.“He understands the science, but he’s living the work of translating it into health equity by staying in the community and trying to help in the community,” said Laura Lee Hall, president of the Center for Sustainable Health Care Quality and Equity at the National Minority Quality Forum, who’s working with King on the vaccine acceptance plan. “That, I think, is an amazing combination.”Although King has the authority to speak on these issues, he’s careful not to prescribe any medical treatment to his congregation given the historic lack of trust of institutions, and medical institutions in particular, in the Black community.“You can’t just say, ‘Here’s what we’re going to do to you. Here’s how we’re going to help you,’ he said. “That very paternalistic perspective is what has been harmful throughout the years and has exacerbated the distrust between many of these communities and institutions that attempt to work with them.”center_img Yes, we need a vaccine to control Covid-19. But we need new treatments, too King said the people in his community have raised concerns about a potential vaccine’s efficacy, and have questioned whether injections of the virus could actually infect them with the disease. They may also face socioeconomic barriers to accessing the vaccine at a convenient time in a comfortable setting.King touts a 30-year career in government health care, including a stint at CMS, where he served as the director of the Office of Minority Health, an office he founded. Eric Kruszewski for STATUltimately, King said many Black communities tend to opt out of engagements with the American medical establishment they deem nonessential. “There’s an overarching disdain in many African American communities, not just because of the history of Tuskegee but the ongoing unequal treatment that many African Americans continue to receive from the health care system, not perceived, but actual,” he said, referencing the infamous syphilis experiments on Black men in Alabama, in which experimenters knowingly withheld treatments from the infected men. “That reality is one that says, ‘I don’t know if I want to engage with the health care system if it’s optional.’”King sees himself as a bridge between the faith community and the scientific community in encouraging vaccine acceptance this fall.He plans to emphasize to his congregants the “scriptural basis for the use of the scientific method,” he said. “This in no way minimizes the importance of faith, but faith has to be looked at in the context of your environment and of the evidence that you see around you, and your common sense has to be used to look at that evidence.” STAT+: Support STAT: Related: Terris King, pastor of Liberty Grace Church of God in Baltimore. Eric Kruszewski for STAT Terris King is finally back at Liberty Grace Church of God, surrounded by its familiar wood-paneled walls and red pulpit. This time, he’s speaking straight into a camera, facing rows of empty pews.As a pastor in a church in the area of Baltimore hit hardest by Covid-19, King knows his decision to keep services remote is the right one, even if it’s unpopular. Since the beginning of the pandemic, King, 60, has been fighting an uphill battle, weaving together science and scripture in the hopes his approximately 300 congregants will adhere to public health guidelines: mask-wearing, hand-washing, and social distancing.He invoked the story of Noah’s Ark to discuss common sense when it comes to pandemic decision-making. “He used the science of the raven and the dove to say when it was safe for him and his family to exit the ark,” he said in an interview about his sermon, referencing Noah’s decision to send birds out to look for dry land. He used the story of Jesus “distancing himself from his closest disciples” before his death on the cross to illustrate a kind of scriptural basis for social distancing protocols.advertisement Researchers have studied the reasons for historically low rates of flu vaccination among Black Americans for years, and the same patterns seem to hold for coronavirus vaccine acceptance. This year, a study conducted by researchers at multiple universities found that just 52% of Black Americans surveyed are likely to get the Covid-19 vaccine, compared to 67% of white Americans surveyed by the group. They also found that higher education levels and incomes correlated to increased trust of the future vaccine.Amelia Jamison, a research assistant at the University of Maryland, found similar results among those she interviewed in a past study on institutional trust and flu vaccines.“The idea of Operation Warp Speed is just antithetical to the idea of community input,” she said, referring to the Trump administration’s effort to distribute 300 million doses of a Covid-19 vaccine by January 2021. “We’re moving forward full speed ahead, the government is unclear on what’s happening, there’s not much transparency. Particularly, we’re talking about accelerated approval for experimental vaccines. That introduces a lot of new concerns, and we don’t see much public messaging.” ‘We do belong here’: The scientist behind #BlackInNeuro hopes to transform a Twitter movement into a lasting community Now, King has set his sights on a new target: vaccinations.Researchers have already raised concerns about the number of Americans who are wary of the vaccines in development for Covid-19, and particularly the number of Black Americans, who are far more likely to say they are skeptical. Given the country’s history of mistreating Black patients in medical studies, King understands why the congregants of his Black Baptist church may hesitate to get the vaccine when it’s available.advertisement Hall plans to leverage King’s learnings from conversations with his congregants to provide resources and support, including potential funds for community health workers, in the areas of Baltimore that may need it most. She also plans to work with King throughout the fall on establishing a national strategy for vaccine acceptance in historically underserved communities, using the resources at the forum’s disposal.King is also collaborating with Johns Hopkins researchers on a separate, similar effort.“What somebody like Terris does is he’s able to convene people, he’s able to understand how to leverage the resources that are already there,” said Lois Privor-Dumm, director of policy advocacy and communications at the International Vaccine Access Center at Johns Hopkins University. “He’s a linker. He’s somebody that will hold everybody accountable — and when I say everybody, I mean everybody, from our political leaders to the people that provide services to the community themselves, because the community has an obligation as well, to speak out, to voice their concerns, but to also listen and to make sure that they’re well-informed.” Leave this field empty if you’re human: King has a long history of interweaving religion and medicine. The native Baltimorean has previously invited nurses to screen for high blood pressure and HIV at Liberty Grace, where he’s been a pastor for over 25 years. He has also preached on the importance of healthy eating and recently set up a mental health hotline for his congregants to use during the pandemic.“We take him as gospel,” said Alfreda Brooks, a trustee at Liberty Grace. “If he’s telling us to do this, he’s telling us this for a reason. I guess because we’re in a smaller church, we’re all so close. He knows all of us, we all know him.” Alfreda Brooks, a trustee at Liberty Grace Exclusive analysis of biopharma, health policy, and the life sciences. If you value our coronavirus coverage, please consider making a one-time contribution to support our journalism. last_img read more

Love Island star set to visit Laois

first_img Any keen follower of reality TV, or TV in general, will know about the popularity and hype surrounding around the TV sensation, Love Island.The series follows glamorous, young single people who move to a luxury paradise island in the hope of finding love and the summer of their life.The show is set in Spain – so the weather is always incredible too.Love Island has given us gems such as ‘Muggy’ ‘pied’ ‘peng’ and ‘grafting’ and is now set to give Laois something else.Appearing in LaoisA star on this year’s show, Sam Bird, is set to make an appearance in Laois this weekend.The reality TV star coupled up with Georgia Steel on the show, although the couple are now no longer.Sam will be meeting, greeting and playing a DJ set in Lennons, Durrow.Tickets cost €10 and it all kicks off 8.30pm. SEE ALSO – Laois school sends out warning against ticket fraudsters By Siun Lennon – 31st October 2018 Facebook Community RELATED ARTICLESMORE FROM AUTHOR New Arles road opens but disquiet over who was invited to official opening Pinterest Twitter Previous articleAll of this week’s golf results as the season winds downNext articleTimahoe NS gets very spooky for Halloween Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Community Facebookcenter_img Council Home What’s On Love Island star set to visit Laois What’s On TAGSLove Island Pinterest Twitter WhatsApp Love Island star set to visit Laois WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Laois secondary school announces scholarship winners for new academic yearlast_img read more

LS Mutual gets a new name

Keywords Life insurance industry Manulife, Sun Life report modest impact from Hong Kong turmoil Manulife Canada CEO sees Apple and Netflix as competitors as insurance evolves According to president and CEO Richard Gagnon, “this rejuvenation process was driven by a desire to give the company a more modern, bilingual name that better evokes the human values that guide the company and the health insurance products that characterize it.” Despite the change, the name LS Mutual will continue to be echoed within the financial group, as the mutual management corporation that owns 100% of the insurance company will retain its name, LS Mutual Management. The mutual management corporation groups the 100,000 or so mutual members who, effective May 1, 2013, will be partners of Humania Assurance Inc. IE Staff Sun Life Financial buying Pinnacle Care International Share this article and your comments with peers on social media Related news Saint-Hyacinthe, Que.-based LS Mutual Life Insurance Co. has decided to change its name to Humania Assurance Inc. The change, which takes effect May 1, was announced during the celebration to mark the insurer’s 75th anniversary on April 17. Facebook LinkedIn Twitter read more

Investment strategies in a sluggish economy

first_img Share this article and your comments with peers on social media Related news Managers drill down into energy-stock valuations Stocks that managers are banking on Editor’s note: Amid sluggish economic growth, due largely to the plunge in oil prices, Canada’s stock market has been a global laggard this year. This week’s roundtable series on Canadian equities, which begins today, brings together four portfolio managers to discuss how market conditions and political change in Ottawa are influencing their investment strategies. Our panellists: Daniel Bubis, president and CEO of Winnipeg-based Tetrem Capital Management Ltd. Bubis and his team manage a range of mutual funds for CI Investments Inc., including CI Canadian Investment and CI Canadian Investment Corporate Class. Michael O’Brien, managing director and head of the core Canadian equity team at TD Asset Management Inc. His mandates include that of lead manager of TD Canadian Equity, TD Canadian Blue Chip Equity and TD Balanced Income. Mark Thomson, chairman of the board and managing director, equities, at Beutel, Goodman & Co. Ltd. Thomson and his team are responsible for a range of mandates including Beutel Goodman Canadian Equity, Beutel Goodman Canadian Dividend and Beutel Goodman Balanced. Ian Hardacre, vice-president and head of Canadian equities at Trimark Investments, a division of Toronto-based Invesco Canada Ltd. His mandates include the flagship Trimark Canadian. The roundtable was convened and moderated by Morningstar columnist Sonita Horvitch. Her three-part series continues on Wednesday and Friday. Q: What challenges does the Canadian economy face? Bubis: It is going through a pretty sluggish period. The Canadian dollar is weak relative to the U.S. dollar, partly due to the weakness in the oil price. But bigger picture, the U.S. dollar has strengthened against virtually every other currency. It’s a global phenomenon. The oil price matters to Canada and to the Canadian equity market. The impact of a weaker oil price on the economy fades as you go from west to east, but it’s still there. The benefit of a weaker Canadian dollar on Canadian exports is not what it used to be. We don’t have the same manufacturing and export-driven base. Thomson: We’re in a low-growth global economic environment and Canada is a participant in that. This global low growth is good for capital markets. There’s nothing to choke off liquidity at this point and liquidity ultimately drives financial markets. O’Brien: We were in a long federal election campaign and some people played up the idea of Canada in a technical recession. I’m not that downbeat about the Canadian economy. I agree with Mark that we’re in a slow-growth environment globally. How is Canada going to get through this? Alberta is dealing with its economic challenges. But with the low Canadian dollar and given that 75% of our exports go to the United States, where the economy is firmer, the Canadian economy is going to be all right. Globally, this summer, the concern shifted from Europe to emerging markets, particularly China. That does adversely impact some important sectors in the Canadian equity market. Hardacre: Energy represents some 19% of the S&P/TSX Composite Index. I think there’s a lot of upside from here on, because energy has reset so much. This is the opportunity. With commodity prices, in general, at these low levels, our view is that there is upside from here. Timing is an issue. Q: How will the new majority federal Liberal government impact the Canadian economy and financial markets? Thomson: The last regime was interventionist. The extent to which the new regime is interventionist will determine how things work out. The Conservatives had certain industries, outside of energy, that they were targeting in a negative way. To the degree that this is diminished under the new regime, it will be good for Canada. Q: One of their targets was the telecommunications-services sector. Bubis: The Conservatives were very populist in a lot of ways. Thomson: They stopped foreign takeovers, in some instances. Bubis: From a financial-market perspective, we probably got the best outcome from the federal election that could reasonably be expected. Coming into the election, it was clear that the Conservatives were unlikely to win a majority. In the summer, the likely outcome seemed to be a minority government, maybe a minority Liberal government that might consider partnering with the NDP. The outcome gives Canada a chance to move on. Hardacre: The importance to the Canadian equity market of global matters cannot be overlooked. Looking at Justin Trudeau’s campaign, there were few policies that will likely impact the larger sector weights in the Composite. There are proposed increases in certain personal taxes at the margin, which might affect people’s ability to invest. What happens in China and the rest of the world is most important and beyond the control of any Canadian government. O’Brien: From an international investor perspective, the outcome of the election is likely to be relatively comforting. Outside Canada, people view the Liberals as the other federal party. An NDP government in Ottawa would be more of an unknown. One area in the campaign where the Liberals did have a significant difference in economic policy was their desire to spend more on infrastructure: fiscal stimulus at the expense of balancing the budget. Also, what could potentially have an impact on the energy and power sectors is the federal Liberals’ environmental policy. Q: There is also the uncertainty about the environmental policy of the NDP government in Alberta. O’Brien: Maybe a Conservative federal government could never engender the belief that it would put a credible environmental policy in place. Maybe there has to be an NDP government in Alberta and a federal Liberal government to have the credibility to respond to environmental concerns. But it is important not to strangle the golden goose. This environmental issue is not going away and the governments and the industry must deal with it. Q: Canada’s S&P/TSX Composite Index has underperformed the S&P 500 Index and the MSCI World Index over the nine months to the end of September and over one year, three years and five years to the end of September. This underperformance was more marked when all three indexes were expressed in Canadian-dollar terms. O’Brien: In the first nine months of 2015, in local currency terms the Composite had a negative total return of 7%, while the S&P 500 Index had a negative total return of 5.3% and the MSCI World Index had a negative total return of 5.6%. But the Composite more dramatically underperformed in Canadian-dollar terms in the first nine months of 2015. There is similar underperformance in Canadian dollar terms if you look at one, two, three years, five years. Bubis: Canada’s underperformance began after 2011 and continued into 2012, 2013, 2014, and in the first nine months of 2015. The Canadian dollar peaked against the U.S. dollar after 2011. Thomson: Remember that the S&P 500 Index was flat for over a decade, while the Canadian equity market was doing extremely well on the back of the commodity cycle. Commodities are under pressure now, so there is a reversion to the mean. O’Brien: Look at the composition of the S&P/TSX Composite Index and the importance of the commodity sectors and the connection to global growth. In 2011-2012, people began to feel that China’s growth was slowing and, at the same time, you had massive stimulus programs in the United States, Europe and Japan. Global money flowed into those areas. Canada was lumped in with the emerging markets and other markets considered undesirable. Q: In the 12 months to the end of September, the Composite had a negative total return of 8.4%, with the four biggest sectors producing negative total returns. Energy (18.5% of the Composite) produced a negative 34% total return. Materials (9% of the index) had a negative total return of 29.3%. Industrials (8.3%) produced a negative total return of 10.4%. Financial services (37% of the index and by far the biggest sector) had a negative total return of 1.5%. Why were the Canadian banks, which are big weights in the financial services sector, weak? Thomson: The U.S. shorts have been driving down the Canadian banks from an ill-informed perspective, from anything that I have seen. The Canadian financial analysts, who have little appreciation of how great the Canadian banking industry is, were largely in concert with American shorts, even though the Canadian analysts should have known better. This provides a great opportunity. Canadian bank stocks have moved up sharply off their lows on Aug. 24, but they are still really cheap. Hardacre: There are a lot of U.S. investors who are bearish on the Canadian banks, because of Canada’s real-estate cycle. International investors don’t appreciate the fact that the Canadian banking system is different from many banking systems in other developed countries. It’s an oligopoly. Even though there are some drags on the banks, right now, this is on the margin. This might slow their earnings growth a little, but it doesn’t impact their strong franchises. Bubis: There is a short-Canada thesis because of the energy market and the concerns about Canadian real estate. O’Brien: Canada is out of favour among international investors. Furthermore, if you read our mutual-fund data, funds are coming out of Canadian equities and going into foreign equities. To Danny’s point about the short-Canada thesis, if you’re large global investor and you want to short Canada, bank stocks are liquid and easy to get in and out of. Part one of a three-part Canadian equity roundtable. The three-part series continues on Wednesday and Friday.center_img Keywords Fund managers Sonita Horvitch Facebook LinkedIn Twitterlast_img read more

CU-Boulder Instruments To Launch On High Altitude Cloud Mission April 25

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail A satellite carrying two University of Colorado at Boulder instruments to study silvery-blue clouds that mysteriously form 50 miles above Earth’s polar regions every year is slated to launch from Vandenberg Air Force Base in California on April 25. The spectacular clouds, known as noctilucent clouds, will be probed by NASA’s Aeronomy of Ice in the Mesosphere mission, or AIM, to determine why they form and how they change. First spotted in Earth’s atmosphere in 1885, the clouds have been increasing in frequency in recent decades and may be related to increases in carbon dioxide and methane emissions tied to human activity on Earth, said Senior Research Scientist Dave Rusch of CU-Boulder’s Laboratory for Atmospheric and Space Physics. The NASA mission, which consists of two CU-Boulder instruments and an instrument from Utah State University, is being managed by CU-Boulder’s LASP and will be controlled from the Space Technology Building at the CU Research Park. The mission’s principal investigator is Jim Russell of Hampton University in Virginia. “We have seen a definite increase in the brightness of these clouds in the past 25 years, which gives us cause for concern,” said Rusch, principal investigator for one of the three AIM instruments. “This mission will give us an unprecedented look at how the mesosphere, which is a very sensitive region of Earth’s atmosphere, is changing.” Also known as polar mesospheric clouds, noctilucent clouds have become more common and have been moving into Earth’s lower latitudes in recent decades, he said. They now are visible in the summer months from the United States-Canada border to the Arctic Circle and comparable latitudes in the Southern Hemisphere. In 1999 they were spotted as far south as Coal Creek Canyon near Boulder, Colo., and Logan, Utah. About the size of a small piano, the 430-pound AIM spacecraft will be launched from a Pegasus expendable-launch vehicle built by Orbital Sciences Corp., of Dulles, Va. The rocket will be carried to an altitude of 40,000 feet by a jet aircraft over the Pacific Ocean and dropped in a five-second free-fall. It will then ignite horizontally and accelerate in front of the jet, then climb and place the AIM satellite in a polar orbit about 370 miles above Earth, Rusch said. _ The clouds are made up of tiny ice crystals the size of smoke particles in the coldest region of Earth’s atmosphere, but exactly how and why they form is still unknown, said Rusch. Some scientists suspect large amounts of methane move from Earth’s lower atmosphere into the mesosphere, or middle atmosphere, where it reacts chemically to form water vapor. The water molecules likely adhere to tiny dust particles in the region to form ice crystals, the basis of the clouds, he said. Ironically, greenhouse gases like CO2 that warm Earth’s lower atmosphere also cool the upper atmosphere, possibly enhancing conditions for ice crystal formation, said Rusch, lead scientist for the Cloud Imaging and Particle Size experiment, or CIPS. Consisting of four cameras positioned at different angles for a two-dimensional look at the clouds from above, CIPS will allow scientists multiple, panoramic views of the cloud banks and help them better determine the size and nature of the ice particles. A second LASP instrument, the Cosmic Dust Experiment, or CDE, headed by LASP Research Associate Mihaly Horanyi, will chart space dust raining down in the mesosphere from the cosmos, which scientists believe plays a key part in noctilucent cloud formation. The instrument is nearly identical to the Student Dust Counter, a LASP student instrument launched on NASA’s New Horizons spacecraft in early 2006 for Pluto and the outer reaches of the solar system. A third instrument known as the Solar Occultation For Ice Experiment, or SOFIE, built by Utah State University researchers, will measure cloud particles as well as temperatures and atmospheric gases thought to be involved in noctilucent cloud formation. The instrument will be able to identify “recipes” of chemicals that may trigger the formation of the bizarre, night-shining clouds, said Rusch. Other science team members from LASP on the AIM team include Gary Thomas, Cora Randall, William McClintock and Aimee Merkel, as well as an engineering and science support group of faculty, staff and students. LASP’s Michael McGrath is the AIM project manager. LASP, which has controlled NASA satellites since the 1980s and is now operating nine different instruments from campus for various space missions, will upload commands to the AIM spacecraft and download data twice a day by connecting to several ground stations around the world, said Rusch. “We’ve done these kinds of missions before, so it’s pretty much a slam dunk for us now,” he said. CU-Boulder students will be involved in all aspects of the mission. Each pass of the satellite will be controlled by one professional and one student, and a number of undergraduates and graduate students will be involved in day-to-day science and data analysis. “We love to involve students in our research,” he said. “I’m getting a lot of phone calls lately from students wanting to participate.” The AIM mission is part of NASA’s Small Explorer Program, designed to provide frequent, low-cost access to space for physics and astronomy missions with relatively small spacecraft. In addition to CU-Boulder, Hampton University and Utah State, other institutions include Virginia Tech, the U.S. Naval Research Laboratory, George Mason University, the British Antarctic Survey and GATS Inc., an aerospace company in Newport News, Va. AIM Deputy Principal Investigator Scott Bailey of Virginia Tech received his master’s degree and doctorate from CU-Boulder and previously worked at LASP. Noctilucent clouds first were sighted in northern Europe in 1885, two years after a huge volcanic eruption on the island of Krakatoa in Indonesia injected millions of tons of water vapor into the air, said Rusch. But the clouds have persisted long after the effects of the volcano dissipated. Scientists hope the AIM mission will resolve unanswered questions about the beautiful but unsettling clouds. For more information visit the Web at: www.nasa.gov/mission_pages/aim/index.html. Published: April 9, 2007 last_img read more

Jamaicans Reminded to take Measures against Dengue

first_imgRelatedJamaicans Reminded to take Measures against Dengue Jamaicans Reminded to take Measures against Dengue Health & WellnessSeptember 10, 2012 FacebookTwitterWhatsAppEmail The Ministry of Health is reminding Jamaicans to take measures to prevent the breeding of mosquitoes, which can cause dengue. Dengue is endemic to Jamaica and from time-to-time there is a seasonal increase in the number of reported cases in the country. Director of the Health Promotion and Protection Branch in the Ministry of Health, Dr. Kevin Harvey, says this usually occurs during the rainy season, which typically leads to an increase in the breeding of mosquitoes. Laboratory tests have confirmed 180 cases of the disease since the start of the year, out of 472 cases reported to the Ministry of Health. Dr.  Harvey explains some of the suspected cases of dengue turned out to be influenza, which has similar symptoms. A total of 167 cases of dengue were confirmed last year, from 300 suspected cases. “So, there is an increase in the number of lab confirmed cases. But this, we think, is in line with the rainy season and the increase in mosquito activities that we are seeing,” Dr. Harvey informs. He notes that, so far, there have not been any reported deaths from dengue, even though there have been some suspected cases of dengue haemorrhagic fever. Common symptoms of dengue include sudden onset of high fever with severe headache, pain behind the eyes, muscle pain, bone or joint pain, and vomiting or feeling nauseous. “You also could get a rash, which is a red rash, small circular rashes over the body, which can occur and in fact, if this rash or any kind of bleeding occurs, then you have to ensure that you get properly checked because you could get dengue hemorrhagic fever, which will show by bleeding under the skin,” Dr. Harvey says. Dengue fever is caused by a virus transmitted from the Aedes Aegypti mosquito that can breed easily in and around the home.  One adult Aedes Aegypti mosquito will live for a month and will lay around 300 or more eggs over its lifespan. “They lay their eggs in water around the house and breed in areas where you have high density of people and feed on the blood from people. If you see potted plants, old tyres, drums that you use to store water, cans, coconut shells; any water that is collected anywhere inside the house or outside the mosquitoes can lay their eggs and breed there,” Dr. Harvey says. One critical step in reducing the risk of getting dengue is to remove all the possible areas that allow for the breeding of mosquitoes. Dr. Harvey explains that persons should keep house plants in damp soil instead of water, keep flower pot saucers dry and avoid over watering potted plants, and empty and scrub flower vases twice weekly. “Sometimes, you may see that these containers are dry, but the mosquito eggs can live for months in the dry container and when they become wet or when the rain falls, the eggs hatch at that time. So, we are not just saying empty the flower base, but scrub the insides to remove any attached egg,” he advises. Persons are also being advised to keep refrigerator draws dry, punch holes in the bottom of tins before placing them in the garbage, cover trash containers to keep rain water out, and properly cover drums, barrels, tanks, buckets and any other containers used to store water. Dr.  Harvey also recommends that householders repair leaky pipes and outdoor taps, cut grass cut short and keep shrubbery well trimmed so adult mosquitoes will not hide there, and to ensure that drains and ditches are cleared of weeds and trash so water will drain properly. Commercially available insecticides can be used to spray mosquitoes. Also, mosquito bites can be prevented by using repellent that contains deet. The Ministry of Health also recommends that persons sleepunder a mosquito net, close windows before it gets dark and open windows and doors during fogging. In the meantime, Dr. Harvey says dengue fever usual resolves itself within a week, while noting that most people, who have dengue, will only have very mild symptoms. “We advise that you avoid aspirin as aspirin can also lead to bleeding and thins the blood. Acetaminophen or regular pain killers can be used to help with the pain that you have. Drink lots of fluids and rest, so those are the three main things,” Dr. Harvey advises. RelatedJamaicans Reminded to take Measures against Denguecenter_img RelatedJamaicans Reminded to take Measures against Dengue Advertisementslast_img read more

KSAC to Tackle Low Vendor Registration

first_imgFacebookTwitterWhatsAppEmail RelatedMessage to Mark International Day for Disaster Reduction 2015 Advertisements Story HighlightsKSAC is to step up enforcement activities at several popular vending locations in downtown Kingston, to tackle low vendor registration in these areas.Speaking at the council meeting in downtown Kingston on October 13, Mayor of Kingston, Senator Councillor, Dr. Angella Brown Burke, informed that areas being put under greater scrutiny include Oxford Mall, Darling Street Transport Centre, Pechon Street Transport Centre, Red Rose Fish Market, and Coal Yard Market.The Mayor said that vendor registration rates at each of these locations is less than 50 per cent. RelatedMunicipal Building in Black River 60 % Completecenter_img KSAC to Tackle Low Vendor Registration Local GovernmentOctober 14, 2015Written by: Chris Patterson The Kingston and St. Andrew Corporation (KSAC) is to step up enforcement activities at several popular vending locations in downtown Kingston, to tackle low vendor registration in these areas.Speaking at the council meeting in downtown Kingston on October 13, Mayor of Kingston, Senator Councillor, Dr. Angella Brown Burke, informed that areas being put under greater scrutiny include Oxford Mall, Darling Street Transport Centre, Pechon Street Transport Centre, Red Rose Fish Market, and Coal Yard Market.The Mayor said that vendor registration rates at each of these locations is less than 50 per cent. “Coal Yard is zero per cent, nobody registered; at Red Rose, we’re seeing about 22 per cent; and Pechon Street is 25 per cent. The best is Oxford Mall, which is at 44 per cent,” she added.Senator Brown Burke said enforcement officers have been instructed to step up registration activities over the next two weeks to increase vendor compliance and increase public order.This initiative aims to provide and maintain order in the market district through the effective registration of vendors.Target groups include all occupational and seasonal vendors engaged in vending activities within the formal markets and designated vending areas in Kingston and St. Andrew. RelatedWestmoreland Signs Twinning Agreement With Tottori Prefecture In Japanlast_img read more