DEBATE: Should we slash post-Brexit tariffs on food imports to offer consumers cheaper goods?

first_img DEBATE: Should we slash post-Brexit tariffs on food imports to offer consumers cheaper goods? whatsapp Thursday 21 February 2019 8:02 am Share Opinion Bill WirtzBill Wirtz is a senior policy analyst at the Consumer Choice Center. and Nick Von Westenholz If the government decides to maintain import tariffs on food post-Brexit, it is British consumers who will foot the bill for these duties in the form of higher prices. This is particularly devastating for low-income households, which spend the largest proportion of their income on food.The UK should remember its bad experiences with tariffs on food. History buffs will recall the 19th-century corn laws, which were introduced to protect local producers against corn from France or Germany. The result of this isolated trade policy quickly became visible: while the British producers profited, the price of grain exploded in the 1830s.The same economic principles apply today.Remainers and Brexiteers alike should make it their mission to offer cheaper food and more choices to the British consumer. Tariffs just help farmers, whereas free trade benefits everyone.Nick Von Westenholz, director for EU exit and international trade at the National Farmers’ Union, says NO.British farming is vitally important for the country, providing safe, traceable and affordable food for the nation. It is the backbone of the UK’s largest manufacturing sector, food and drink.center_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. whatsapp The National Farmers’ Union (NFU) acknowledges the importance of a tariff policy that doesn’t lead to price rises for consumers. But at the same time, it should also protect British farmers from unfair competition from overseas goods produced to lower standards than we adhere to here. Getting that balance right will be crucial for the government.This week at the NFU’s annual conference, we called on the environment secretary Michael Gove to form a high-level commission of food and farming experts to scrutinise future trade deals and make recommendations on how to ensure that environmental, safety and animal welfare standards are maintained.We want this commission to make clear recommendations on the UK’s future food trade policy, and we expect the government to act on them. 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 photoMisterStoryLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Should we slash post-Brexit tariffs on food imports to offer consumers cheaper goods?Bill Wirtz, policy analyst at the Consumer Choice Center, says YES.Contrary what the protectionists will tell you, tariffs don’t only hurt the country upon which they are imposed. Tags: Brexit Manufacturing sector Michael Gove Peoplelast_img read more

News / High-flying DHL Express boosts its freighter fleet with five ex-Etihad A330Fs

first_imgDHL’s Leipzig hub “They will join the fleet of approximately 250 dedicated cargo aircraft and fly various routes as business dictates.”The Express unit remains the global integrator’s star performer, with revenue up 7.9% in the second quarter, on the back of what it described as “sustained growth in volumes”.This in turn pushed up operating profit by more than 10% for the three months to June, which it put down to “strict yield management” and “continuous” network improvements.The company added that the strong growth in earnings would “enable the division to utilise its unique global express network even more efficiently”.The success of Express was dampened by higher costs and investments in its Post-e-Commerce-Parcel division, which dragged down overall first-half profits. DHL Express has expanded its fleet with five new A330 freighters, aircraft let go by Etihad as the Middle East carrier cuts back its cargo-only operation.Etihad began grounding its A330-200s late last year, the final freighters being put into storage in early January.According to reports, DHL Express subsidiary EAT Leipzig took delivery of one of the A330-200Fs last week, which was sporting DHL Express livery.A spokesperson for DHL Express confirmed to The Loadstar it had acquired five aircraft and taken delivery of one so far, adding: “The purchase of these aircraft is part of our normal fleet replacement and capacity upgrade programme.center_img By Alexander Whiteman 22/08/2018last_img read more

Seeking an edge, these brain hackers mix up risky chemical cocktails for breakfast

first_imgPoliticsSeeking an edge, these brain hackers mix up risky chemical cocktails for breakfast By John M. Glionna Feb. 19, 2016 Reprints They haven’t been clinically proven to work, and there’s emerging evidence that some could be dangerous. But nootropics, also called smart drugs, have become popular among young type A personalities on Wall Street, in the Ivy League, and here in the frenzied startup culture of Silicon Valley. Can we ‘cure’ aging? Scientists disagree Dietary supplement use among soldiers, athletes raises concern SAN FRANCISCO — Tomás Gutiérrez  isn’t a brain scientist. But each morning, he mixes up a new chemical cocktail that he hopes will sharpen his focus and boost his intellect.He adds a dash of butter for flavor, stirs it into a cup of coffee, and downs it.A 31-year-old entrepreneur, Gutiérrez has thrown himself into the emerging movement of body hacking — or, more precisely, brain hacking. He’s a connoisseur of “nootropics,” a broad category that includes pharmaceutical drugs, dietary supplements, and do-it-yourself concoctions, all of them meant to turn the brain up a notch.advertisement Enthusiasts aren’t seeking an altered state of consciousness; they want to become a better version of themselves, even just for a few hours at a time. Like Olympic athletes pushing their bodies, they hope to tune their brains for peak performance. And they want to do it without the jittery side effects and stomach churn they’d get from downing endless energy drinks or popping prescription stimulants like Adderall or modafinil.advertisement [email protected] Tags braindietary supplementsFDApolicywellness Related: “It’s a level of focus otherwise unheard of, one you can maintain for long periods of time.” “Just because it’s natural, that doesn’t mean that it’s safe.” About the Author Reprints Dietary supplement manufacturers face flurry of federal charges center_img Kamalini Mukerjee, registered dietician Nootrobox has begun trials to test the long-term effects of its products, which sell for about $40 for a month’s supply. But Woo knows many brain-hackers are too impatient to wait for the future. “A lot of people have this intellectual curiosity, trying the more edgy stuff to boost their brains — it’s all about getting comfortable with the risks,” he said.Rave reviews, and dire warnings, onlineMany are experimenting with drugs such as piracetam and noopepts, which are sold under brand names such as OptiMind and NeuroFuse. Online forums are filled with comments from people who credit the chemicals with helping them achieve new clarity of mind and finish tasks at a record pace — and also with warnings from users who said the drugs made them feel foggy and leaden, or caused alarming side effects.Jens, a 22-year-old advertising student at the breakfast, said his daily doses of piracetam and a nutrient called choline, added to his coffee, often induce a Zen-like state.“I can get so deep into something that I forget about the world around me,” said the Swedish native, who asked that his last name not be used because he didn’t want his family to know he was experimenting with the substances. “You become one with whatever you’re doing … I can think deeper and faster. It’s not happier, it’s just more focused.”Joe Cohen is another proponent of pushing the brain’s envelope. He’s a New York City-area nutritional consultant and bio-hacker who started the website to chronicle his adventures with nootropics and other substances.While he advises caution to readers, Cohen admits having a few of his own fast-lane practices.“I do megadose experiments,” he said. “It’s a curiosity thing with me. If you really want to know the effect something has on your body, you often can’t tell by taking a normal dosage.”And so he sometimes compounds the recommended dosage. “The brain is resilient,” Cohen said. “It will go back to normal if you don’t go too hardcore.”Registered dietician Kamalini Mukerjee, who’s based in Las Vegas, counters that it’s dangerous to play scientist with your own brain, even with supplements labeled as natural. “People die from peanut allergies. Just because it’s natural, that doesn’t mean that it’s safe,” she said.Gutiérrez makes and consumes a coffee beverage with butter, cream, and powdered coconut oil every day. Jason Henry for STATQuestioning the rat raceGutiérrez swears by the mental boost he gets from his stacks.Still, he sometimes questions his own reasons for needing such a drug regimen, wondering whether work pressures have forced him to become his generation’s version of a hamster scurrying on an exercise wheel.“I don’t think human beings are designed for the hyperproduction that is a product of this modern age,” he said. “With so many of those hours-long stretches of hyperbrain activity, I’ve burned myself out so many times.”Gutiérrez has tried other ways to increase his mental acuity and his sense of well-being. He’ll sometimes fast for up to 40 hours straight. He sticks to a mostly Paleo diet consisting of meat, fish, and vegetables. He has also tried meditating, getting more sleep, and even taking more time off from work.He’s learned, he said, “that there’s more to be found in the enjoyment of life than chasing productivity.”But he still pours his stack into his coffee each morning, hungry for brain overdrive. Gutiérrez, slender and dark-eyed, swears by a daily “stack” mixed into his morning coffee.He throws in some MCT oil, a form of fatty acid that occurs naturally in such foods as coconut oil. He adds BCAAs, or branched-chain amino acids, which are popular among weightlifters. Then there’s L-theanine, an amino acid found in green tea.‘Breaking Bad’ on the kitchen counterOn the kitchen counter of the two-bedroom house he shares with his girlfriend, Gutierrez keeps 100-gram containers of compounds he buys online, along with two scales, one to measure in grams and the other in milligrams.Sometimes, his girlfriend prods him to clean up his experiment site. She thinks it looks too much like a chemistry set. And Gutiérrez admits his kitchen resembles a scene from “Breaking Bad.” “It definitely looks questionable,” he said. “There are liquids and powders and scales.”Like all dietary supplements, nootropics are only very loosely regulated; the manufacturers don’t have to prove safety or efficacy before putting them on store shelves. By law, the Food and Drug Administration can step in to recall a product only if it’s mislabeled or causing illness or injury.Gutiérrez admits that a part of this untested new drug realm scares him. A skeptic by nature, he says he fully researches any compound he puts in his body. But he acknowledges that not everyone follows that protocol.“You’re on your own to figure out the safety of some of this stuff,” he says. “People might say the negatives are few, but we still don’t know what we don’t know.”A competitive squash player, Gutiérrez says his daily stack gives him a feeling of concentration and productivity known among his fellow brain-hackers as “The Flow.” @jglionna Related: The other day, Gutiérrez was among a dozen brain-hackers — mostly lawyers, students, and tech engineers — who attended a breakfast at a coffee house near San Francisco’s financial district.The host was Geoffrey Woo, a Stanford computer science graduate who cofounded Nootrobox.Woo passed around a jar containing Go Cubes, bite-sized chews containing caffeine and L-theanine. It’s the latest Nootrobox cognitive enhancer. Gutiérrez took one and began to chew. “It’s good,” he said. “Tastes like coffee.”Woo believes companies like his may be on the verge of providing not only a brain boost but a key to prolonged life. “We are all trained as children that we are going to die,” he said, “but technology is reaching a point where death can be treated like any illness or sickness, and aging will be considered a disease.”(For all his confidence, the Nootrobox website does include a warning that the company cannot “ensure that unforeseen side effects will not occur even at the proper dosages” and is not liable for any such fallout.) “It’s a level of focus otherwise unheard of, one you can maintain for long periods of time,” said Gutiérrez, a partner in a startup that creates and markets teams of tech talent. (He also runs an online coffee sales business.) “You can crank out code or do some other technical task for hours on end.”A host of companies now sell over-the-counter nootropics, and they’re starting to get big-name backing. Nootrobox, a startup based here in San Francsico, has financial backing from Yahoo Chief Executive Marissa Mayer and the legendary venture capital firm Andreessen Horowitz, which is known for its early bets on Twitter, Airbnb, Instagram, and other blockbusters. Related: John M. Glionna Tomás Gutiérrez prepares his daily nootropic coffee beverage with butter, cream, and powdered coconut oil. Jason Henry for STAT But Gutiérrez belongs to an active community of amateur scientists who like to experiment with their own mixes — and aren’t afraid to use their own brains as lab rats. They trade precise combinations of plant extracts and synthesized drugs as though they were swapping cookie recipes.To give some idea of the popularity: The nootropics page on Reddit, which serves as an online forum for the do-it-yourself-crowd, has more than 65,000 readers.Gutiérrez measures out ingredients for the beverage. Jason Henry for STATTroubling hints of risks to the brainDo the chemical cocktails work?“Who the heck knows?” said Kim Urban, a Philadelphia neurophysiologist who has studied the effects of nootropics. “So few studies have been done, and those that have were not the most controlled trials.”Urban said there are hints of short-term gain but also signs that overuse could cause damage, such as muscle spasms and brain fog.A study she coauthored, which was published in 2014, found that stimulants such as Ritalin — often favored by brain-hackers — could eventually reduce the plasticity of the brain’s neural pathways and potentially cause long-term harm. She found particular risk for children and adolescents, but wrote that even healthy adults run a risk.“You’re dealing with unregulated substances that have no oversight,” Urban said. “Myself, I wouldn’t take them. I’d be leery of them the same way I’d avoid taking weight-loss supplements. We just don’t know enough.” Tomas Gutierrez, brain-hacking enthusiastlast_img read more

Should pharma be allowed to give insurers key data before drugs are approved?

first_img [email protected] @Pharmalot Ed Silverman APStock 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. About the Author Reprints Should pharma be allowed to give insurers key data before drugs are approved? By Ed Silverman Feb. 2, 2018 Reprints Log In | Learn More Yet another legislative effort is underway to allow drug makers to provide health plans with key data about their medicines before regulatory approval. Specifically, a House subcommittee recently endorsed the notion, which would grant the pharmaceutical industry a long-standing wish, but has consumer advocates on edge.Here’s why: Drug makers have regularly argued they should be permitted to provide scientific and economic information to health plan committees that decide which medicines to cover. By conveying such data, health plans can get a jump on making budget decisions that can take weeks or months. And the sooner a drug is covered by insurance, the sooner a drug maker can ring the proverbial register.center_img What is it? GET STARTED Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. 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. What’s included? Tags insurancepharmaceuticalspolicySTAT+last_img read more

Columbia’s dismissal of prominent neuroscientist prompts demand for answers

first_img “We want for Columbia to start taking these things seriously and dealing with them publicly,” said Bianca Field, an alumna of Barnard College — Columbia’s sister school — and one of the organizers of the petition. Field said that by dismissing Jessell, Columbia appeared to be taking whatever allegations exist seriously, but that the school needs to be more transparent.Columbia policies prohibit faculty members from having relationships with students “over whom he or she exercises academic or professional authority.” Last month, the school’s president, Lee Bollinger, told a campus newspaper that he wanted to ban all relationships between faculty and undergraduate students.But the petition, addressed to Bollinger and Columbia’s board, called on them to enact more protections for graduate students and postdocs, who rely heavily on senior scientists to advance their careers. If they cannot get a recommendation from their mentors, for example, “that is a black mark on their record,” said Field, an M.D./Ph.D. student at University of Texas Southwestern Medical Center.“Students and fellows require guidance and close working relationships with mentors and are not potential sexual opportunities,” the petition says. “Whether or not misconduct occurs, it is unacceptable for them to ever be treated as such.”Jessell’s colleagues either did not respond to requests to discuss the events that led to his termination by HHMI and Columbia or said they could not discuss them beyond calling the situation “just sad,” as Kandel put it. Dozens of current and former students and postdoctoral fellows at Columbia University are urging administrators to specify why the school announced last week that it would close the lab of prominent neuroscientist Thomas Jessell and end his administrative positions.Columbia has declined to offer any explanation for Jessell’s removal beyond a terse statement that said an investigation had “revealed serious violations of University policies and values governing the behavior of faculty members in an academic environment.” That statement, current and former students say in an online petition, has done “little to clarify what transgressions Jessell committed to be removed from his prestigious positions.”The university’s refusal to answer further questions has led to speculation, including in the petition, that the violations involved personal behavior.advertisement By Sharon Begley and Andrew Joseph March 12, 2018 Reprints In the LabColumbia’s dismissal of prominent neuroscientist prompts demand for answers @sxbegle General Assignment Reporter Andrew covers a range of topics, from addiction to public health to genetics. Please enter a valid email address. @DrewQJoseph Leave this field empty if you’re human: According to Columbia’s statement, Jessell has been “out of the lab since the investigation began.” That was in early December, STAT has learned. Columbia also said the lab would be dissolved “in a manner that both preserves valuable research and helps those involved to continue to pursue their careers,” such as by finding the students and fellows positions in other labs.advertisement An email last week from Columbia’s Richard Mann, a professor at Columbia’s Zuckerman Institute (which focuses on the mind, brain, and behavior), which also housed Jessell’s lab, said the neuroscientist is still expected in the lab two days a week through May to advise his postdocs and students.The email, a copy of which was shared with STAT, included what Mann described as “comments” from four of the Zuckerman Institute’s leading researchers, including neuroscientist Rui Costa and Eric Kandel, a Nobel laureate in medicine for his discoveries about the molecular basis of memory. “Although Tom’s lab will be winding down, Tom’s lab members and their research will continue to receive financial support for the next 15 months,” it said.Other faculty members are expected to be in the lab when Jessell is there, said a university spokesperson. In the “limited and specified periods of time” that he is there, Jessell will work with colleagues to support students with their research and help them find new labs to join.Jessell’s research focused on the neurobiology of the motor system, in particular how motor circuits arise within the spinal cord during prenatal development and how they control movements and other behaviors. He won several high-profile awards for his work, including the 2008 Kavli Prize in neuroscience, the 2014 Vilcek Prize in biomedical science, which honors the achievements of American immigrants (Jessell was born in London), and the 2016 Ralph W. Gerard Prize from the Society for Neuroscience.He was also a Howard Hughes Medical Institute investigator, a prestigious position in which the private research organization provides a major portion of the funding for a lab and, usually, all of a scientist’s salary. In a statement, HHMI spokeswoman Meghan Rosen said that the organization “ended Dr. Jessell’s appointment as an investigator, after a determination that he violated HHMI policy.” He had been an HHMI investigator from 1985 to this year. Jessell also had three current grants from the National Institutes of Health.In their petition, the current and former students urged Columbia to clarify what led to Jessell’s dismissal and to strengthen its policy on relationships between faculty and students and postdocs. Related: About the Authors Reprints [email protected] Andrew Joseph Senior Writer, Science and Discovery (1956-2021) Sharon covered science and discovery. Sharon Begley Neuroscientist Thomas Jessell Craig Barritt/Getty Images for World Science Festival Watch: This scientist is creating tiny versions of one of neuroscience’s most notorious opponents In interviews with STAT, four current or former members of Columbia’s neuroscience department and four prominent neuroscientists who have known Jessell, 66, for years say he has never been suspected of research misconduct such as data fabrication or plagiarism, but that he was said to have engaged in personal relationships some viewed as inappropriate. Jessell has not responded to emails and phone messages requesting comment. Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. [email protected] Privacy Policy Tags ethicsneurosciencelast_img read more

Shortscreen shot in Slieve Blooms and written by Laois man features on RTE

first_img WhatsApp News Twitter Home Lifestyle Entertainment Shortscreen shot in Slieve Blooms and written by Laois man features on… LifestyleEntertainment Shortscreen shot in Slieve Blooms and written by Laois man features on RTE Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role RELATED ARTICLESMORE FROM AUTHOR A shortscreen which was shot in the Slieve Bloom Mountains and written by a Laois man has featured on RTE 2.‘Vegetable’ premiered on Irish TV screens late last night in what is another huge move in the career of a budding Laois writer and producer.The Swan’s Micheal Fleming wrote and directed the film – but if you missed it last night, fear not.Micheal has confirmed that it will be available to view on the RTE Player for the next 30 days. The SwanDive Productions film, which includes a set full of zombies, was shot over two days in the Glendine woods area of the Slieve Bloom mountains.Michéal explained that the idea for his film while travelling with his ‘better half’ last year.“We were going around Asia and India and decided to stay away from meat and only eat vegetables.“We were doing a lot of travelling and 24-hour train journeys and it popped into our heads that we were like zombies, only eating vegetables,” he said.“The idea came from that but I didn’t get to write anything until a few months later,” he said.Having filmed a 1916 short production in Laois, Michéal was keen to return to his native county for filming. “We wanted to show off what Laois has to offer,” he said.Photographs by a local photographer from the Swan inspired Michéal to choose a location in the Slieve Blooms.“The photographs looked really eerie, so it was a perfect location for what I wanted,” he said.Around 25 crew members and actors were involved in the movie.Vegetable has received widespread acclaim and won three awards at the eclectic Underground cinema Short Film festival in 2018.The film won Best Horror and Best Make-Up, with Michael Browne taking the honours.Vegetable star Degnan Geraghty also came away with the Best Supporting Actor award.To top off the SwanDive production’s success, Vegetable was subsequently selected as part of the Rome Prisma Film Awards that year.SEE ALSO – Love Laois: Your really useful guide to Laois businesses selling online during Level 5 restrictions By Alan Hartnett – 3rd November 2020 Facebook Facebook Twitter Electric Picnic Previous articleLaois man in the running for IFA South Leinster chairman roleNext articleCoronavirus: 322 new cases and five additional deaths as no advice on Christmas travel yet Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp TAGSMichéal FlemingRTERTE PlayerSwanDive productionsVegetable Pinterest Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Electric Picnic organisers release statement following confirmation of new festival date Pinterest Electric Picnic last_img read more

Financial markets holiday advisory

first_img Related news The offices of Investment Executive will be closed. Keywords Marketwatch TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors S&P/TSX composite hits highest close since March on strength of financials sectorcenter_img IE Staff Share this article and your comments with peers on social media Canadian financial markets will be closed on Monday, Aug. 3, as many provinces and territories celebrate civic holidays. U.S. financial markets will be open. Facebook LinkedIn Twitterlast_img read more

FINRA study finds performance issues with broker-affiliated ATS routing

first_img Regulators issue new reporting guidance on systems outages Brokerage firms that route a large share of their institutional orders to affiliated alternative trading systems (ATSs) receive lower fill rates and face higher trading costs, according to working paper published Monday from the Office of the Chief Economist of the Washington, D.C.-based Financial Industry Regulatory Authority (FINRA).The paper analyzes trading activity of 330 million institutional orders in October 2016. Among other things, it finds that brokers that are affiliated with an ATS and send it a large chunk of their orders “tend to receive lower order fill rates and higher execution costs.” Keywords Alternative trading systemsCompanies Financial Industry Regulatory Authority Share this article and your comments with peers on social media CSA seeks easier access to foreign alternative trading systems Facebook LinkedIn Twittercenter_img IOSCO examines market data issues States the paper: “Institutional orders experiencing lower fill rates are associated with higher trading costs when accounting for the lost opportunity costs resulting from unfilled orders.”The study also points out that not all brokers with an affiliated ATS demonstrate a preference for their related trading venues.“The evidence from this study does not support the idea that when a broker sends a high proportion of orders to an affiliated ATS, these venues necessarily offer a lower-cost option that avoids other market participants from learning of an institutional order,” says Jonathan Sokobin, chief economist and senior vice president at FINRA, in a statement.“The difference across brokers in routing decisions, fill rates and trading costs are persistent over time, indicating that past routing behaviour is predictive of future behaviour,” he adds.The study points to the value of better disclosure on broker routing practices in general, the U.S. self-regulatory organization says, and a higher level of scrutiny when brokers show a preference to route orders to affiliated venues. Related news Businessmen trading stock looking at graphs indexes and numbers on multiple computer screens kasto/123RFlast_img read more

New exemption aimed at savvy investors in Alberta, Saskatchewan

first_img Facebook LinkedIn Twitter James Langton Related news Share this article and your comments with peers on social media PwC alleges deleted emails, unusual transactions in Bridging Finance case Rear view of a business woman math problems calculations black chalk board 123RF/ismagilov ASC seeks new ways to connect start-ups with investors BFI investors plead for firm’s sale Keywords Exempt market,  EducationCompanies Alberta Securities Commission The new exemption is designed to allow investors who don’t meet the financial criteria to be considered “accredited investors” to qualify based on their education, including people with certain certifications, such as CFA holders, people who’ve passed the Canadian Securities Course, certain lawyers and MBAs with a focus in finance, and holders of undergrad business degrees with a specialization in finance, among other qualifications.“This new financing tool will allow investors who have financial or investment education, such that they can appreciate the risks of investing, to invest alongside accredited investors,” said Stan Magidson, chair and CEO of the ASC, in a release.The regulators aim to limit the risk to investors by allowing them to invest a maximum of $30,000 per year, and $10,000 per issuer, under the exemption.The investment limits don’t apply in the case of listed companies that are in compliance with their disclosure obligations, as long as the investor also receives advice on the suitability of the investment.“This new exemption should expand the pool of potential investors in early stage businesses but with conditions designed to mitigate the risk,” added Roger Sobotkiewicz, Chair and CEO of the FCAA.The new exemption, which is being adopted on a three-year pilot basis, follows a proposal of a new small business financing prospectus exemption from the ASC and the FCAA last week.The ASC has also proposed replacing the so-called Northwestern exemption with a new “finders” exemption for startups seeking capital. Regulators in Alberta and Saskatchewan have adopted a new prospectus exemption that allows investors to self-certify they have the financial smarts to invest alongside the pros.Under the new exemption adopted by the Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA), investors who attest to having a certain level of financial and investment knowledge are permitted to participate in exempt distributions along with accredited investors. last_img read more

EOJ wants More Election Day Workers

first_imgEOJ wants More Election Day Workers UncategorizedJune 26, 2007 RelatedEOJ wants More Election Day Workers RelatedEOJ wants More Election Day Workers Advertisementscenter_img FacebookTwitterWhatsAppEmail The Electoral Office of Jamaica (EOJ) is encouraging civil servants and persons with at least one year tertiary level education to offer their services as Election Day workers.Speaking recently at a JIS Think Tank, Director of Elections, Danville Walker, pointed out that the EOJ has been conducting recruitment exercises since September 2006 but some 3,500 recruits, mainly in Kingston and St. Andrew, are no longer available to work on Election Day, and the EOJ has been forced to once again fill these vacancies.The new recruitment thrust, he said, commenced on June 1 and will conclude on June 30, 2007.Mr. Walker noted that although only 1, 600 to 18,000 persons are needed on Election Day, the organization has to recruit some 20,000 people, 20 per cent of whom will be used as reserves. “When you recruit 20,000 people from September, all kinds of things can happen between then and now,” he said, noting that the month in which the election is called affects the EOJ’s readiness.Giving the criteria for selection, Mr. Walker said that all interested applicants should be computer literate, trainable and must not be partisan. Successful applicants will undergo training in four to six specialized sessions for two hours each week, which is designed to sensitize them on Election Day procedures.Being an Election Day worker is said to be lucrative and persons may pre-select the locations in which they want to work. Persons who are interested in becoming Election Day workers should collect application packages at the EOJ offices at 43 Duke Street, downtown Kingston; the Towers, New Kingston and Portmore Pines Plaza in Portmore. RelatedEOJ wants More Election Day Workerslast_img read more