UK household saving nears record low, hits lowest point since start of economic downturn

first_img Share UK household saving nears record low, hits lowest point since start of economic downturn More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal Past whatsapp Tags: NULL Clara Guibourg center_img whatsapp UK workers are splurging over 95 per cent of what they earn, as household savings fell back to the lowest point since the start of the economic downturn during the first quarter, official figures published today showed.Household savings have been on a downward trend, but hit a low of 4.9 per cent in the first three months of the year, a report by the Office for National Statistics showed. This is the lowest point since 2008. The household savings ratio, released quarterly, is the percentage of household income left over after monthly expenses.According to the ONS, slow wage growth and increasing expenditure has caused savings to drop.The falling saving ratio appears to have been driven by slower increases in income from wages and salaries – rather than large increases in consumption.The downward trend comes after a bump over the economic downturn, which led to increased household savings, partly because of stronger benefits claims, but also because of lower discretionary spending.  Friday 3 July 2015 10:28 am Show Comments ▼last_img read more

News / Call for reforms as US will feel aftershocks of the west coast port congestion all year

first_imgBy Gavin van Marle in Long Beach 09/03/2015 The effect of the port congestion on the US west coast in the first quarter has virtually cancelled any container growth in the country this year, according to the Journal of Commerce’s chief economist, Mario Moreno.Speaking at last week’s TPM conference in Long Beach, Mr Moreno told delegates the congestion had prompted him to downgrade growth predictions of both containerised imports and exports through the country’s ports by over 5%.“I have downgraded container import growth forecast from 6.8% to 1.7% for the full year 2015. This is the worst port disruption in many years, including 2002 – this time it’s different. January imports were down 10% year-on-year and February will be disappointing.” Mr Moreno predicted that the country would import 19.3m teu this year, up marginally from last year’s 19m teu, significant cargo being rerouted though the US east and Gulf coasts and Canada and Mexico instead.The standstill in container volumes comes at the same time as US GDP growth is expected to accelerate from 2.4% last year to 3% in 2015, propelled by growing consumer spending and a recovery in homebuilding.Meanwhile, this year could be disastrous for US exporters, and Mr Moreno revealed that his previous forecast of a modest 0.1% contraction in exports, brought about by a strengthening dollar, would widen to a 4.4% contraction thanks to the congestion.This will be the second successive year that US exports have declined. Last year’s 11.9m teu represented a fall of 2.4% on 2013, and this year they are forecast to decline again, with food exporters at the sharp end.“A lot of fruit and other foodstuffs have been left to rot on west coast quaysides and this lack of dependability will hit US exporters as global buyers search for other sources,” he said.National Retail Federation (NRF) chief executive Matthew Shay said that the long-term damage to the credibility of the US west coast container supply chain was one of his members’ greatest worries.“We can’t go through this again and there won’t be a bright future if each new agreement takes 10 months to negotiate.”NRF chief executive Matthew Shaycenter_img He added: “Twenty-first century business needs twenty-first century infrastructure – modern ports and faster trains – and US ports are not as modern as they should be and are acting as an impediment to an efficient supply chain.”Mr Shay said that NRF research has shown that some 65% of its shippers will move less cargo through the US west coast this year and the next, and third of those lost volumes will go to the US east and Gulf coasts, and he lamented that permanence of the trade that had already been lost to the retail industry – which employs one in four workers in the country, making it the single largest industry by employer.“We have heard countless anecdotes – the stories have been very painful and this is economic activity that doesn’t come back. If you miss that sale or season, you don’t get that opportunity again.”However, he also noted that the congestion had even hit supplies to the US military and the country’s medical services.“We are all still worried, and we should be, because this even forced military personnel to go without supplies.“And given that 95% of medical clothing in the US is manufactured outside it, thank God we didn’t have a medical emergency,” he said in what may have been a thinly veiled reference to the ebola crisis that unfolded at the same time as the congestion.In a speech that was punctuated by rounds of spontaneous applause, Mr Shay also call for a root and branch reform of the relationship between management and labour in the US’s container supply chain.“The ongoing uncertainty over labour negotiations cannot be tolerated as standard operating procedure; it cannot be tolerated that a small group of people narrowly following their own agenda can put the livelihoods of so many others at risk – this has been a near-death experience for some and we should never forget that many business will not reopen after this.“There is something else at risk, and that is the image of the US as a reliable trading partner. Labour laws and regulations have to be reformed to make sure this doesn’t happen again. We obviously respect the collective bargaining process, but there must be a way that a few thousand workers can negotiate without putting the jobs of millions at risk.“And once we have modernised the labour agreement we can get on with modernising our infrastructure and trade agreements – we shouldn’t waste this great opportunity to modernise, the question is whether we will rise to the challenge,” he told delegates.TOMORROW: What alternatives to the US west coast actually exist?last_img read more

Federal panel supports CDC guidelines for opioid prescribing

first_img By Ed Silverman Feb. 3, 2016 Reprints Related: Related: The meeting was held in response to criticism that the CDC draft guidelines were based on weak evidence and would unfairly restrict some patients from obtaining needed pain relief. The agency was also chastised for using a “secretive” process to formulate the guidelines, which some critics argued had violated federal law. As a result, the CDC delayed issuing the guidelines.As we previously noted, the guidelines were assembled last year in response to a long-running epidemic of opioid abuse and misuse. Every day, 52 Americans die from overdoses of opioid painkillers. In response, the CDC convened a group of outside experts to draft guidelines for primary care physicians, since family doctors and internists write the vast majority of prescriptions for these drugsadvertisement [email protected] CDC urges extra caution when doctors prescribe opioid painkillers “At this point, everything has been turned back over to CDC with the request for us to consider taking a closer look at the guideline recommendations where there were mixed opinions,” a CDC spokeswoman wrote us. Although she added the agency feels a sense of “urgency” about issuing its guidelines, there is no timetable for finalizing the proposal.advertisement The CDC guidelines suggest doctors prescribe opioids only after other treatments fail. The proposal also suggests doctors start patients on short-acting opioids — instead of extended-release, long-acting opioids — and initially prescribe the lowest possible effective dosage. The overall theme is to bolster physician awareness of abuse problems and encourage greater monitoring.But some critics charged the guidelines will be far too restrictive and, consequently, make it difficult for some patients to be treated with the most effective options. Last month, the National Institutes of Health’s Interagency Pain Research Coordinating Committee held a meeting and then filed an objection to the CDC, prompting the National Center for Injury Prevention and Control’s Board of Scientific Counselors to review the guidelines.It is worth noting that some critics who participated in the NIH committee meeting last month included patient groups that receive industry funding. Among them were the US Pain Foundation, the American Chronic Pain Association, and the Center for Practical Bioethics, all of which receive some funding from drug makers, including Purdue Pharma, which sells OxyContin.In any event, one CDC expert working group member said the suggested changes appear to be minor. Toby Talbot/AP After weeks of uncertainty, a federal advisory committee has endorsed controversial opioid prescribing guidelines that the Centers for Disease Control and Prevention proposed for physicians.During a meeting late last week, the National Center for Injury Prevention and Control’s Board of Scientific Counselors unanimously supported the recommendation of a CDC expert working group, although the committee did suggest modifying some of the language.center_img “The tweaks to the wording resulting from these debates do not materially or contextually change the intent of the initial guideline recommendation. Most of the wordsmithing suggested here is neither surprising nor inappropriate,” said Dr. Lewis Nelson, an emergency medicine specialist at the New York University Langone Medical Center.Meanwhile, one critic of the CDC proposal remains skeptical of the proceedings.“They seem almost unchanged, which makes me think the ‘review of the review’ was strictly cosmetic and that the fix was in and it still is,” said Peter Pitts, a former Food and Drug Administration official who now heads the Center for Medicine in the Public Interest. He noted that the FDA also voiced objections to the guidelines. “It will be interesting to see if the guidelines are further modified.” PharmalotFederal panel supports CDC guidelines for opioid prescribing Ed Silverman About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Obama administration wants $1.1 billion to fight opioid abuse @Pharmalot Tags CDCopioidspainkillerlast_img read more

Laois footballer’s All-Ireland Qualifier Round 4 opponents revealed

first_img Laois footballer’s All-Ireland Qualifier Round 4 opponents revealed Facebook By Alan Hartnett – 2nd July 2018 WhatsApp Twitter WhatsApp Twitter Previous article“Our goal was always to win the Leinster,” Ciara Burke talks winning and ladies football getting the recognition it deservesNext articleLaois Fire Service warning on cigarette butts after gorse fires 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. RELATED ARTICLESMORE FROM AUTHOR Brought to you in association with the Manhattan Mixer PortlaoiseThe Laois footballers lost out to Dublin eight days ago in the Leinster final.This was the O’Moore County’s first Leinster final appearance since 2007 but they lost out by 18 points.It meant that the Dubs progressed to the Super 8s and Laois have one more chance to join them at that stage.The All-Ireland Round 4 Qualifier draw took place on RTE Radio One this morning and Laois will face Monaghan.Laois last played Monaghan in a 2012 All-Ireland Qualifier in O’Moore Park where goals from Brendan Quigley and Colm Kelly led Justin McNulty’s men to victory.The full draw is as follows:Laois v MonaghanRoscommon v ArmaghCork v TyroneFermanagh v KildareThe GAA have not yet announced the venue for the game but it will not be in Croke Park as Michael Buble is performing there.We would speculate that the game will be played in Tullamore and will take place on either Saturday July 7 or Sunday July 8.Should Laois make the Super 8s now, they will be in the group with Kerry, Galway and one other team.The Kerry game would be home on the second week of the Super 8s and the Galway game would be away – on the weekend of the Galways Races.The first round of the Super 8s would be against either the beaten Ulster finalists Fermanagh or Kildare and this will be in Croke Park.SEE ALSO – What’s next for the Laois Ladies Footballers following Leinster glory Community Five Laois monuments to receive almost €200,000 in government funding center_img Laois footballers have named their team Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Facebook Home Sport GAA Laois footballer’s All-Ireland Qualifier Round 4 opponents revealed SportGAAGaelic FootballLaois Senior Football Team Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad TAGSAll-Ireland QualifiersLaois senior footballers Rugby Pinterest Community last_img read more

The Boom and Bust World of Kim Badges

first_img Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter SHARE By Daily NK – 2012.02.24 2:25pm [imText3]A badge bearing the same smiling portrait of the late Kim Jong Il that was on prominent display during the former leader’s funeral made its first public appearance on February 17th, proving yet again how keen the authorities in Pyongyang are to idolize Kim, this time using one of the country’s most prominent means of so doing.Among existing badges, the one of a smiling Kim Il Sung from the North Korean founder’s own funeral is currently the most common, and is worn by high North Korean officials at almost all official events. As such, one unique point of interest is whether the new Kim Jong Il badge will supplant, be used alongside or remain one level below that of Kim Il Sung. [imText1]But that is not the be all and end all of the badge world by any means. There are more, as many as twenty, some say. Among them, one of the most interesting is the ‘pair badge’.According to the testimony of at least one defector, in the 1980s this ‘pair badge’ was seen as more valuable than any other because both Kim Il Sung and Kim Jong Il were on it. However, in the 1990s Kim Jong Il was heard to comment that “the light of our nation is Premier Kim Il Sung alone; can I be together with him at that level?” and production of the ‘pair badge’ was swiftly brought to a halt. Since then, only the upper elite and people of real wealth have been seen with the badge. In recent years, those children of wealthy politicians who are sensitive to fashion have also been seen wearing the ‘pair badge’.The first Kim Il Sung badge of all was produced for the November, 1970 5th Workers’ Party Congress. In 1972, to celebrate Kim Il Sung’s 60th birthday, a badge featuring Kim Il Sung within the Workers’ Party flag also went into production.[imText2]The original picture of Kim Il Sung in the badges was of him with no expression, but the year after he died in 1995 this was replaced by the smiling, grandfatherly visage we now know. It is a similar process now being undertaken by the image of Kim Jong Il.The first, unsmiling Kim Jong Il badge was produced by Mansudae Art Studio on February 16th, 1992, but, because of Kim Jong Il’s own opposition, only cadres wore it until 2000, after which time it began to be distributed to the ordinary citizenry.In the past, when there were not actually enough badges to go around, the mere act of wearing a badge itself signified senior status. Now, everyone has at least one, and it is that of Kim Jong Il whose scarcity value is currently at its peak.According to Cheong Seong Chang of the Sejong Institute, “The badges were produced to make people look up to Kim Il Sung and, through that, to justify the power held by Kim Jong Il. The sheer variety of badges simply reflects how prevalent idolization really is in North Korea.” The Boom and Bust World of Kim Badgescenter_img There are signs that North Korea is running into serious difficulties with its corn harvest News News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

IE 25th Anniversary Celebration

first_img IE Staff What will the advice industry look like in 25 years? Read the full 25th Anniversary Special in the October 2014 issue of Investment Executive. How banks became 800-lb. gorillas Timeline IE 25th Anniversary Video Keywords IE 25 Facebook LinkedIn Twitter Related news The paths to success Share this article and your comments with peers on social media Investment Executive celebrates its 25th anniversary this year. In recognition of that milestone, we hosted a celebration on September 23, in Toronto. The editorial and sales teams welcomed TC Media executives, clients, contributors and friends to celebrate our past successes and our plans for the future. last_img read more

Dealers’ Report Card 2015: Editors discuss setback for advisors

first_img Facebook LinkedIn Twitter Pablo Fuchs Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 4:57Loaded: 0%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -4:57 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.center_img Share this article and your comments with peers on social medialast_img read more

Natural Assets Management Project gets $6.58 Million

first_imgRelatedNatural Assets Management Project gets $6.58 Million Natural Assets Management Project gets $6.58 Million UncategorizedApril 3, 2007 Advertisements RelatedNatural Assets Management Project gets $6.58 Millioncenter_img FacebookTwitterWhatsAppEmail The Natural Assets Management project, which is being implemented by the National Environment and Planning Agency (NEPA), has been allocated $6.58 million in the Estimates of expenditure, which is now before the House of Representatives.The objective of the project is to engage stakeholders to achieve effective management of protected areas, biodiversity-rich sites, and critical conservation areas in river basins such as watersheds and coastal areas, while sustaining the resource base for rural economic activity.It also seeks to provide support for specific initiatives that will lead to improved water quality and water use management; effective land management; reduce vulnerability and strengthen resiliency to natural disasters; and expand and improve biodiversity conservation.The programme has five elements namely: to improve management of ecosystems; provide institutional capacity to manage natural assets; establish more environmentally sustainable rural enterprises; provide monitoring, audit, evaluation, support costs and project management.Achievements for this programme up to March 2007 include: training in new technologies in environmental management; preparation of an institutional framework for managing the national system for protected areas; strengthening Jamaica’s implementation of the Blue Flag programme; and the purchase of necessary equipment.Among the targets anticipated for this fiscal year are: the development of a research programme for Jamaica’s system of protected areas; a public education/awareness programme on protected areas; workshops on land use management in watershed areas; and restoration of at least one degraded mangrove forest.The project, which got underway in December 2006, is being financed by the Government of Jamaica and the United States Agency for International Development (USAID). It is part of the USAID’s broader 2005-2009 development assistance portfolio for Jamaica. RelatedNatural Assets Management Project gets $6.58 Millionlast_img read more

NSW affirmative consent laws unlikely to make a real difference

first_imgNSW affirmative consent laws unlikely to make a real difference The affirmative consent laws announced by the NSW Government today are unlikely to make a real difference to the victim’s experience in a criminal sexual assault trial, says the Australian Lawyers Alliance (ALA).“Affirmative consent laws might be useful as a symbolic acknowledgement of the importance of consent and also help with consent education, but they will not make a significant difference to the nature of criminal trials,” said Mr Greg Barns SC, national criminal justice spokesperson for the ALA.“Affirmative consent laws are already in place in Tasmania and these laws have had no impact on the number of victims coming forward or the rate of guilty pleas.“The current low reporting and low conviction rate for sexual offences means there needs to be a better way for victims to have their experiences acknowledged and offenders to be held responsible for their actions, but affirmative consent laws are not the answer.“We believe there is a place for restorative justice processes in dealing with some instances of sexual assault and that this option would make a real difference to victims of sexual crime.“A restorative justice framework would provide victims with more choice and power in relation to how the crime is addressed and how they engage with the person that hurt them.” /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:Ala., assault, Australian, Australian Lawyers Alliance, crime, Criminal, criminal justice, education, Government, Impact, justice, NSW, Sexual Assault, Tasmania, Tassie, triallast_img read more

CMA consults on new internal market role

first_imgCMA consults on new internal market role The UK Internal Market Act establishes the independent OIM within the Competition and Markets Authority (CMA). The OIM’s mandate is to support the effective operation of the UK internal market using economic and technical expertise. Through a set of advisory, monitoring and reporting functions, it will assist the Scottish Government, the Welsh Government, the Northern Ireland Executive and UK Government to manage the potential evolution of different regulatory approaches in a way which protects the effective operation of the internal market.The OIM will produce annual and 5-yearly monitoring reports on the effective operation of the internal market, which it will lay before all 4 legislatures in the UK.As part of this, the OIM will report on a range of areas, including:Barriers to trade and investment between parts of the UK.Differences in regulation which could – despite the statutory Market Access Principles – lead to producers paying more to meet the product standards in another part of the UK, if they wish to sell there, or consumers facing higher prices, lower quality, or reduced choice.Changes to how the internal market is working over time, including the impact of Common Frameworks, which are designed to ensure a coherent approach to regulation in certain policy areas.The OIM will be able to conduct reviews of areas which are relevant to the effective operation of the internal market. All governments will also be able to request advice or a report from the OIM on the impact of a specific regulation on the UK internal market, or expected impact if the regulation is yet to come into effect.Additionally, the OIM will develop an online tool to gather information from suppliers, producers and consumers on matters relating to the internal market.The draft guidance provides an opportunity for interested stakeholders to comment on the analysis that the OIM expects to undertake and the procedures that the OIM will adopt. This includes how it expects to receive and manage requests for advice from national authorities and how it will prioritise work.The OIM’s work will assist governments in understanding how effectively companies are able to sell their products and services across the 4 nations of the UK, and the impact of regulation on this, including the impact on competition and consumer choice.Andrea Coscelli, Chief Executive of the CMA, said:“The Office for the Internal Market will be a resource for all four Governments across the UK. We are determined that it will be even-handed in its approach and rigorous in its technical analysis.”Rachel Merelie was recently announced as the Senior Director for the OIM and is joined by team members based in Belfast, Cardiff, Edinburgh and London.The consultation on the draft guidance will run until 23 July 2021. /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:director, Effect, evolution, Government, Impact, Investment, Ireland, London, market, operation, quality, regulation, scottish, UK, UK Governmentlast_img read more