Article 50: MPs will get five days to debate Brexit bill

whatsapp Thursday 26 January 2017 11:35 am Article 50: MPs will get five days to debate Brexit bill Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour Legislation granting Prime Minister Theresa May power to launch Brexit talks has been formally unveiled today.House of Commons leader David Lidington said MPs will have five days to debate Article 50, starting from next Tuesday. It comes after Supreme Court judges this week ruled that May would need the approval of parliament to trigger Article 50 and begin negotiations.However, judges also ruled out the need for the Prime Minister to secure the backing of the devolved assemblies.The government maintains that it will follow through on the legislation to trigger Article 50 by the end of March. Mark Sands and Caitlin Morrison Share It means that the House of Commons will vote on the legislation on 8 February.MPs challenged the amount of time allocated, claiming it was insufficient. Labour MP Chuka Umunna said: “Why are this government trying to muzzle the voice of people in parliament with the timetabling of this bill?”Lidington responded: “Five days alloted can hardly be described as as muzzling.”He added: “Parliament has plenty of time to have a debate on this in full.”Read More: “No deal” or “Bad deal” – Six things we learned from May’s Brexit speech whatsapp read more

Ketchikan school superintendent set to receive $80,624 for stepping down early

first_imgEducation | Local Government | SoutheastKetchikan school superintendent set to receive $80,624 for stepping down earlyApril 28, 2021 by Eric Stone, KRBD – Ketchikan Share:Ketchikan’s school board meets in closed session in the Ketchikan High School library Tuesday night. (Eric Stone/KRBD)Ketchikan’s school board is set to finalize the terms of its embattled superintendent’s departure on Wednesday. Outgoing superintendent Beth Lougee is set to receive more than $80,000 for stepping down nearly a year early.Superintendent Beth Lougee’s contract doesn’t expire until February 2022. But earlier this month, Ketchikan’s school board announced earlier this month that Lougee would leave at the end of April.The resignation follows a rocky tenure. Alaska Native tribal leaders said they’d lost confidence in her leadership. And then the tragedy struck when Lougee’s husband died after contracting COVID-19.The head of the local teachers union says she’s been a polarizing figure.“Our membership has had very split opinions on Ms. Lougee’s leadership through the past few years, which is true with most leaders, but probably especially during a trying year, like this year has been,” Ketchikan Education Association President Gara Williams said via phone.“We really feel she’s experienced a great tragedy and the loss of her husband and then her own health due to contracting COVID. And regardless of any personal opinions, I think all of our members just have sympathy to her personal life and wish that she has a full recovery and condolences for her loss,” she continued.Terms of her contract require mutual consent and 30 days’ notice to break her contract. She’s leaving with 15 days’ notice. Terms negotiated with the school board add 130 days’ pay and benefits after she leaves.Her critics, like Gloria Burns, tribal council president of Ketchikan Indian Community, say they don’t understand why she’ll be paid more than $80,000 for resigning early.“I don’t believe somebody who’s done the kind of damage that she’s done to our district should be getting that amount of money,” Burns said in a phone interview.She says that during Lougee’s tenure, relations between the school district and the Alaska Native community and other people of color “disintegrated.” One high-profile example involved a cultural educator who was assigned an office without  furniture.Lougee has also come under fire for a shakeup in school administrators over the summer of 2020.“Look at the complete turnover of the administrative staff under her,” Burns said. “So many amazing and brilliant teachers and minds that have left her district.”Lougee has not responded substantively to the allegations, saying only that the accusations “hurt.” In her resignation letter, she said she was looking for some time off to focus on her well-being. She did not return a request for comment Tuesday.The $80,000 in severance does not appear in her regular contract. The only language about extra pay would be up to a year’s salary — $145,000 — if the school board dismissed her without cause.A mutually agreed departure — as this appears to be — has no language about extra payments.So why is the board offering $80,624 to Lougee? None of the school board’s members would answer questions on Tuesday.It’s not the first time the Ketchikan’s school board has offered a payment to a departing superintendent. Ketchikan’s school board authorized a $53,000 severance to Lougee’s predecessor, Bob Boyle, who also left under a cloud of controversy in 2018.It’s been difficult to assess Lougee’s recent performance in the eyes of the board. The school board has refused to release the outcome of its now-stalled evaluation of its superintendent. School Board President Kim Hodne announced it was complete at the end of March.“The evaluation process is concluded from the board’s side. They will be issuing, of course, the evaluation to the superintendent,” Hodne said at the time.That never happened. And the district denied KRBD’s public records request for a copy. But under the terms of the agreement now being considered, it stipulates Lougee’s evaluation remains incomplete. It also states neither the board nor the outgoing superintendent will disparage each other in public.Share this story:last_img read more

UK target to cut immigration to the “tens of thousands” is harming British businesses, warns the Institute of Directors

first_imgThe Conservative government’s radical plans to cut immigration is “punishing businesses” and harming the economy, the Institute of Directors (IoD) has warned.In a joint statement with think tank British Future, the IoD has called for a comprehensive immigration review, which aims to look at all options available to government. Simon Walker, director general of the Institute of Directors, said:By announcing polices on the hoof every time new figures come out, the government betrays its lack of a long term plan on migration. Scrabbling around to find measures to hit a bizarre and unachievable migration target is no way to give British businesses the stable environment they need.The IoD supports British Future’s call for a comprehensive immigration review, based on evidence and expert advice, to set out a sensible plan for managing inward migration in a way that is consistent with economic recovery.The review would set out the best available evidence on the “potential economic, social and cultural gains and risks of pursuing these policy options”, as well as their “compatibility with the United Kingdom’s international commitments and obligations”, the statement said.Read more: If we cap immigration, the UK will lose its status as a global hub for science and engineeringIt would also engage the full range of interested stakeholders and the public “to ensure that their views about the potential benefits and costs of different policy options inform decisions about which choices to pursue”.This comes the same day the Office of National Statistics releases net migration figures. Annual net migration to the UK stands at 318,000, but the Conservative government is committed to getting the figure down to the “tens of thousands”.Read more: The UK is more positive than the US or Germany towards immigration, with 3 out of 10 saying migration benefits BritainThe Conservative election manifesto explained: “Our action has not been enough to cut annual net migration to the tens of thousands. That ambition remains the right one. But it is clearly going to take more time, more work and more difficult long-term decisions to achieve”.However, Sunder Katwala, director of British Future, said: “The Prime Minister has no long-term plan to meet net migration target.”This comes the month after it was revealed more than 1,300 “high-skilled” visas were rejected by the Home Office in June. Tags: UK immigration James Nickerson by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity 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 FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News whatsapp Show Comments ▼ More From Our Partners Institutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img whatsapp Thursday 27 August 2015 9:02 am Share UK target to cut immigration to the “tens of thousands” is harming British businesses, warns the Institute of Directors last_img read more

From protégée to whistleblower: A former Theranos scientist says Elizabeth Holmes should ‘come forward and apologize’

first_imgBusinessFrom protégée to whistleblower: A former Theranos scientist says Elizabeth Holmes should ‘come forward and apologize’ Now that Holmes is out of the picture, is there a woman founder in the sciences you admire?I like Anne Wojcicki from 23andMe. She’s a very kind, strong female leader. She’s very pragmatic. She’s been able to confront these different challenges of building a tech company in a highly regulated space with a certain level of sensibility about her. It’s not that she gets defeated when regulatory challenges come up.Your advice to entrepreneurs to do good in the health space?There still is a lot of opportunity to solve a lot of problems in health care. And even though Theranos was how not to do things, there are many good ways to do things well and we’re at an exciting period in this convergence between software and computing power and biology and synthetic biology that really we’re going to start seeing a lot of innovation in the health care space. STAT+: Related: Shultz and Cheung, both close friends, have turned their attention since they left Theranos to creating an organization called Ethics in Entrepreneurship in the hope of offering advice for people in the world of technology to sniff out bad players early on. Cheung, now 28, lives in Hong Kong, but was in Boston this week to appear at the Atlantic magazine’s Pulse Summit on Health Care, which was co-sponsored by STAT. Trending Now: @rickberke Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson Please enter a valid email address. Peer review could help smoke out the next Theranos She joined Theranos fresh out of the University of California, Berkeley, a self-described “starry-eyed’’ 22-year-old chemist and biologist who saw Elizabeth Holmes as a role model: the CEO who would revolutionize the blood testing industry.Seven months later, Erika Cheung quit her job as a lab associate at the company and became a disillusioned whistleblower, her life now enveloped by one of the biggest business scandals in American history. She was among those who had made clear to federal regulators that she viewed Holmes as a liar who had put patients at risk. (Holmes, and her company’s former president, Ramesh Balwani, have been indicted on charges of defrauding investors out of hundreds of millions of dollars as well as deceiving hundreds of patients and doctors.)In an interview with STAT, Cheung reflected on how she was duped by Holmes, why she believes the disgraced CEO should spend at least five years in prison and how the rifts between her fellow whistleblower Tyler Shultz, and his famous grandfather, George Shultz, went on longer than people know.advertisement Do you think Elizabeth Holmes should go to jail?Yes. I’m not the type of person to want to serially punish someone for something that they’ve done. I think people can be forgiven for mistakes that they’ve made. But at the same time, to set that example, to say that you have lied to your investors, you have lied to your employees, you endangered the lives of tens of thousands of patients. And now, you’re going to just get away with that? What kind of example does that set for other people within this industry? That it’s OK to raise a whole bunch of money, put on this theatrical show and now walk away scot-free, versus the Fyre Festival guy. On a much smaller scale, all these partygoers ended up going to this festival; they were in FEMA tents and everything, he got five to six years. (She was referring to Billy McFarland, the founder of the Fyre Festival, who was recently sentenced to six years in prison for promoting a “luxury music festival’’ that bilked its backers.)How long do you want to see her locked up? What would make you feel like she’s paying …Her dues? For me, honestly, my only agenda in all of this was for them to stop processing patient samples. Everything beyond that I’m going to leave it up to the justice system. I just wish that she would have the common sense to come forward and apologize. In terms of number of years in prison? Definitely more, I suppose, than the Fyre Festival guy. Ex-Theranos CEO Elizabeth Holmes to return to court in July to set possible trial date Privacy Policy Rick Berke Are things OK with Tyler and his grandfather?Yes. It took a while. A lot longer than I think people realize. It took quite a while. Until seven months ago. I think his grandfather finally realized the truth. They’re finally getting dinner together.But it’s not what it was. It’s hard, right? For George Shultz, this was a legacy investment in a way. This was one of those last final projects that he was investing in.It must have been very painful for Tyler.Oh, yeah. Can you imagine? Tyler’s dad too. Tyler’s dad had to be put between his own father and his son. Tyler’s dad supported Tyler but really wanted it to end, all the legal battles.Are you surprised by all the sustained publicity over Theranos, the major movie projects?Yes. It’s blown up into this big story, this big case. One, she got hyped up to this large degree. She was on Fortune, she was considered the youngest billionaire in the United States. And I think rising to the height of everyone treating her as this celebrity and realizing it was on a basis of lies, and not only that it was a company that was around health care. This was people’s lives. It wasn’t developing an app that was like janky you couldn’t get your pizza delivered on time. [email protected] Related: Co-founder & Executive Editor By Rick Berke May 1, 2019 Reprints What’s your sense of whether Elizabeth Holmes knowingly committed fraud or deluded herself about her actions?It’s hard when you’re dealing with someone who was clearly delusional to really understand what is going on in their head and what they perceive as reality versus what they’ve sort of imagined. Do I think she was out to scam everybody from the very beginning? At lot of people disagree with me, but I don’t think that was the case. I think she went in, at least initially, with good intentions. But she let her ego get in the way. She was more focused on being the next Steve Jobs of health care.People have called her a “psychopath.’’I don’t know her well enough. But clearly there’s something not right with her. She’s never made an apology. She’s never come forward to the patients and said, “Hey, I’m sorry.”When you say she’s “not right,’’ do you look back at any clues that you didn’t pick up on?The secrecy. The extreme amount of paranoia of these big medical diagnostic companies going to come after her and destroy her technology. The fact that before you even go in there and interview you have to sign an NDA. Responding to questions, “Well, until you work for the company, that’s trade secrets.”Did you see that during your interview with Holmes?She just dodged a lot of questions. Like, “Oh, so what kind of technology are you guys using to run the blood samples?” It would always be the case, “Until you work for the company, those are trade secrets — you’ll be able to find out what we’re working on.”What’s the most off-the-wall thing you saw Holmes do?The lying. Watching her do an article with Fortune or with Forbes, and it would just be such a different picture, just a wildly different picture of what was going on internally in the company versus what was being portrayed in the media. It was so disparate to the reality: Sitting at your lab bench and going, “What is she talking about?”What are you doing now?I founded a nonprofit basically focused on preventing major scandals from happening, like Theranos.We’re focused on three different stakeholders: providing resources and tools for entrepreneurs, so that at every stage of development they understand the ethical considerations in building a business and in running a business, from hiring to the culture you implement to building your product. We’re working with ethics departments and seasoned lawyers and compliance officers to basically build out the tools to help entrepreneurs. Theranos’s mystery man revealed: Rare footage of Sunny Bawlani was hiding in plain sight Related: About the Author Reprints Exclusive analysis of biopharma, health policy, and the life sciences. Here is a transcript of the interview, which was edited for length and clarity.advertisement Erika Cheung and Tyler Shultz Daniel Boczarski/Getty Images for New York Magazine How big is your staff?We launched six weeks ago. At the moment we have six people. I’m the only full-time. Tyler is coming on board; he helps with introductions and the strategy of the organization. At this point, we’re self-funded and we’re talking to a few investors.What are long-standing consequences of the Theranos saga?Investors are very cautious. Is this the next Theranos? A lot of people are very discouraged by this whole scenario. What are the implications of having a strong female founder in biotech being associated with the largest and biggest scandal in Silicon Valley to date? What are the unconscious biases that may go against female founders who are very charismatic, who are very good at selling, in terms of approaching investors or selling to customers?Do you think this could happen again?Yeah. Maybe not in the same style. A lot of people have been very skeptical of the fireworks and show that Silicon Valley puts on about how they’re going to change the world and make an impact in this very grandiose way without necessarily having the evidence to back up how they’re going to do that.As software in general starts to integrate more into regulated industries, we’re going to have to be on high alert of these types of scenarios happening again. NewslettersSign up for The Readout Your daily guide to what’s happening in biotech. Leave this field empty if you’re human: What do you make of her being very public these days, out with her reported fiance and her dog? It’s just weird. It’s just a bit surreal. When you see someone have this situation and pretend that everything is normal. It’s so bizarre.Elizabeth Holmes interviewed you to get the job. Did you think anything was off at the beginning?Initially I came in starry-eyed. I admired Elizabeth Holmes. She was this female entrepreneur in biotech. Really what she represented to me was that you could work really hard and get to a position of running your own company. There was something very powerful about the mission she was trying to put forward: making health care accessible, affordable, allowing for price transparency when you get your blood diagnostics. It’s not until you look at her as a character in retrospect that you realize the red flags and warning signs of her behavior and her personality and the kind of act that she put on to be the front face of Theranos.When did things turn for you?Things started to turn for me about a month, two months in. Initially I started in research and development. When things fail in R&D, that’s fine. That’s expected. But about a month in we were starting to get patients that were rolling in from our Walgreens center in Palo Alto. And I had run this patient sample and before I’d run the patient sample, I was running all these quality controls and they kept failing. And failing. Over and over. I was up until 3 a.m. trying to get quality controls to work and they weren’t working. Things weren’t working all the time. They were deleting data as outliers. Untrained staff were making decisions. Upper level management was saying, “Just get the results out,” at any cost. And get it out quickly.The better-known whistleblower, your friend Tyler Shultz, knew Holmes much better through his grandfather. (George Shultz was a former secretary of state and investor and champion of Holmes, who sided with her when his grandson started raising doubts.)Tyler was a good contact for me to have because he had direct contact with Elizabeth Holmes because of his grandfather. He was eating Thanksgiving dinner with Elizabeth Holmes. Tags biotechnologyBostondiagnosticsethicslast_img read more

Venture capitalists are still showering biotechs with cash, even as the coronavirus upends markets

first_imgPharma [email protected] About the Author Reprints @sheridan_kate STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Tags biotechnologyfinanceSTAT+ By Kate Sheridan July 30, 2020 Reprints What is it? Adobecenter_img 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. Log In | Learn More What’s included? General Assignment Reporter Kate covers biotech startups and the venture capital firms that back them. Venture capitalists are still showering biotechs with cash, even as the coronavirus upends markets  GET STARTED Venture capitalists are still spending big on biotech companies, even four months after the coronavirus pandemic cratered global markets.Venture capitalists have already signed 240 biotech deals this year, collectively worth more than $10 billion, according to a recent SVB analysis. The average valuation for those companies has also increased since January, despite concerns about the potential impact of clinical trial delays. Kate Sheridanlast_img read more

Tyranny of the Weak: Part of a decade-long pattern?

first_img Analysis & Opinion Analysis & Opinion Facebook Twitter Pence Cartoon: “KOR-US Karaoke” Analysis & Opinion By Fyodor Tertitskiy – 2017.02.20 11:51am RELATED ARTICLESMORE FROM AUTHOR SHAREcenter_img Analysis & Opinion Tyranny of the Weak: Part of a decade-long pattern? AvatarFyodor Tertitskiy Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Is Nuclear Peace with North Korea Possible? Academics are often consulted by government officials for advice on decision-making processes. Since these decisions directly affect the lives of millions, we can all agree that the quality of expertise is of paramount importance – especially when it comes to the nuclear power most hostile to the Western world, North Korea. In the United States, someone perceived to be an expert on North Korea is likely to be consulted for insight into the nuclear crisis. Therefore, the scandal surrounding Columbia Professor Charles Armstrong’s prize-winning book can have very real implications for us all. Unfortunately, recent discoveries show that the problem is even bigger than we thought.By now everyone who has been following the case knows that Tyranny of the Weak contains dozens of items of information taken from a book called Kim Il Sung in the Khrushchev Era, which was written by the Hungarian scholar Balazs Szalontai in 2005. Plagiarism is bad enough by itself. But the situation here is much worse, actually: some of the uncredited information in Tyranny has been altered slightly, either out of sloppiness or in the hope of making the plagiarism harder to detect. The first victim was the historical truth. For example, Armstrong claims that the North Korean security forces once entered the Bulgarian embassy in Pyongyang to arrest a Korean dissident, which is not true. (The real version of events can be found in Szalontai’s book.) But even this was not the worst of it. Plagiarized and often distorted information in Tyranny of the Weak comes with footnoted references to foreign-language documents which are either unrelated to the subject or do not exist at all. There is a table complied by Szalontai which shows 76 of such cases.Perhaps the most disturbing revelation, however, is that Charles Armstrong has been engaging in this behavior for many years now. Take, for example, his article “Fraternal Socialism” which was published in 2005 in a British journal called Cold War History. There too we find the spurious citation of Soviet and East German sources. The same goes for an article Armstrong co-wrote for a book called Korea at the Center in 2006, his book The Koreas, which came out in 2007, and a working paper written for the US-Korea Center at the School of Advanced International Studies (SAIS) in 2008. All this was well before Tyranny of the Weak came out in 2013 with over 60 bogus citations.The pattern shows that over and over again, in the course of many years, the Columbia professor put fake sources in his articles and book, deceiving readers, colleagues, editors, and publishers. It did not prevent Tyranny from receiving a John K. Fairbank Prize in 2014. By then, at the latest, he should at least have stopped his misconduct. Instead he continued with this sad pattern in a new article which he contributed to the book Everyday Life in Mass Dictatorship, which went on sale (for $90!) in 2016. This fact should silence those people who have implied that Tyranny is ancient history for which Armstrong should not have been publicly criticized. If Szalontai had not spoken out, there is no telling how many more times fake materials would have been used. Charles Armstrong responded to the Tyranny-related accusations in a post in his blog. In it he condemned Szalontai for publicly pointing out the problems in the book, and boasted about its being a “rich, multi-layered history of North Korean foreign relations,” while admitting that he submitted 52 corrections to his editor at Cornell University Press. He denied that these 52 corrections have anything to do with plagiarism, yet did not explain how the original similarities came about. Nor did he explain what he plans to do about the combinations of plagiarism and fake sources in his other published works.  I do not need to point out that Tyranny can be rich and multi-layered in only one sense: it is a rich layering of plagiarism upon source fabrication upon falsification. I am not really interested in how Armstrong, his employer, and his publishers plan to proceed, since what really matters in academia is not the twists and turns of our careers, but whether readers can trust our writings. What I want to stress is that Armstrong’s publications since 2005 should not be cited before a thorough check of the content and the references given. In short, caution is advised – to both scholars and decision-makers.*Views expressed in Guest Columns do not necessarily reflect those of Daily NK.last_img read more

Financial firms face significant risk from cyberattacks

first_img Related news Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million Financial firms face significant risk from cyberattacks James Langton The credit-rating agency finds that cyberattacks are “an increasingly significant risk” for financial services institutions, potentially posing negative financial and operational consequences for both individual issuers and financial systems. “We believe that institutions with substantial consumer lending businesses and deposit franchises are most at risk of financially motivated attacks due to the scope for theft from customer accounts and the large volume of personal data they hold,” the Fitch report says. Attacks aimed primarily as disrupting the financial system are more likely to target institutions that provide trade execution, clearing and settlement services “due to their interconnectivity with the financial system,” the report finds. Some of these risks are mitigated at larger institutions, which “typically have stronger risk controls and regulatory oversight,” the Fitch report notes, adding that “regulators have been increasingly vocal on cybersecurity and have urged cyber-attack stress testing.” The report also finds that the use of cyber insurance is on the rise. Fitch estimates that the U.S. property and casualty industry wrote more than US$1 billion in cyber-related insurance premiums in 2015 and it expects these levels to grow in the years ahead. “Insurance against cyberattacks may cover nominal losses but may not contain reputational damage that could lead to client outflows or loss of investor confidence,” the report notes. Photo copyright: leowolfert/123RF IIROC urges vigilance amid heightened cybersecurity threats Court approves data breach settlements with BMO, CIBC Financial services firms that provide retail lending and deposit services are likely facing the greatest risk from financially motivated cyberattacks, according to a new report from Fitch Ratings Inc. Share this article and your comments with peers on social media Keywords CybersecurityCompanies Fitch Ratings Facebook LinkedIn Twitterlast_img read more

Ambassador Commends Gleaner Company

first_imgAdvertisements Photo: JIS PhotographerAmbassador to the United States, His Excellency Stephen Vasciannie (fourth from left), accepts a token from the Gleaner’s Spelling Bee Champion and Jamaica’s representative to the just concluded Scripps National Spelling Bee Competition, Christian Allen (second right), when he visited the Embassy in Washington, on May 31. Sharing in the occasion (from left) are: Coach, Rev. Glen Archer; parents, Roger and Daunette Allen; and the Gleaner’s Manager, Business Development and Marketing, Mrs. Karin Cooper. FacebookTwitterWhatsAppEmail Ambassador to the United States, His Excellency Stephen Vasciannie, has lauded the Gleaner Company for its tremendous support of the Spelling Bee Competition and the sponsorship of Jamaica’s entry into the Scripps-Howard National Spelling Bee Competition, which concluded in Washington last weekend.Welcoming the country’s spelling bee participant, Christian Allen, to the Jamaican Embassy on May 31, the Ambassador said that the “commitment of the Gleaner to the development of our country’s youth speaks volumes.”The Ambassador congratulated young Allen for being Jamaica’s spelling bee champion, as well as the country’s representative at the Scripps-Howard National Spelling Bee Finals.Ambassador Vasciannie noted that Christian and all representatives in the Scripps-Howard Spelling Bee from Jamaica were true ambassadors of the country. He also had high praise for coach, the Rev. Glen Archer, who he said, has become an icon in Jamaica and who has demonstrated, over the years, great commitment to the young people.For his part, Christian said he felt honoured and proud to represent his country in the Scripps competition.The Gleaner’s Manager for the Business Development and Marketing Department, Mrs. Karin Cooper, spoke of “the Gleaner’s continued effort to help Jamaica to develop good citizens.”“If we begin by getting our children involved in the spelling bee competition, we will develop children who will think and reason and ultimately, we will have a better country,” she said.The Spelling Bee champion was accompanied by his parents, Mr. Roger and Mrs. Daunette Allen; Rev. Archer; and Mrs. Cooper.Close to 300 competitors participated in the 86th Scripps National Spelling Bee Competition. Jamaica has been participating in the competition since 1957, and captured the title in 1998, when Jody Ann Maxwell won the coveted trophy for Jamaica.Contact: Derrick Scott Related$185 Million for Renovation of Facilities to House Juveniles Ambassador Commends Gleaner CompanyJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlaycenter_img RelatedBroadcasting Commission Cautions Students on Use of New Media Ambassador Commends Gleaner Company InformationJune 4, 2013Written by: Derrick A. Scott RelatedSenate Approves Bill on Charitable Organisationslast_img read more

Local heroes recognized by community

first_imgHomeSportsCommunityLocal heroes recognized by community Nov. 07, 2019 at 11:00 amCommunityFeaturedNewsPeopleLocal heroes recognized by communityBrennon Dixson2 years agochamber of commerceSanta Monicasmfdsmpd Every day, hundreds of first-responders and educators in Santa Monica spend countless hours attempting to make the community better with actions that go unseen or unrecognized by the public.And while it’s not always easy, many local teachers, officers and firefighters will still continue to go above and beyond their call of duty to make Santa Monica a better place.This why the Santa Monica Chamber of Commerce started hosting the New Heroes Celebration more than two decades ago, according to chamber President Laurel Rosen, who described the event as an opportunity for the business community and city residents to welcome Santa Monica’s newest “heroes.”“We’re really excited to do this every year because quite frankly our first responders and our educators don’t get that many thank yous and they’re always so humbled and excited and quite frankly shocked that people are thanking them and welcoming them and giving them gifts,” Rosen said Tuesday. “So, it’s a delight and it’s a joy to really stop and say, ‘Thanks for putting your lives on the line every day or for creating our future leaders.’”With more than 150 new hires in the community’s police force, fire department and schools, community leaders, residents and attendees of Tuesday’s event packed into the Saint Monica Catholic Community Grand Pavilion Tuesday to welcome them. Not all of Santa Monica’s rookie officers, firefighters and teachers were able to attend the evening’s festivities, but those who did had the opportunity to enjoy food from various vendors while they socialized with loved ones and various political representatives prior to the presentation of the 2019 Inspirational Heroes awards.Young Inspirational HeroThe first award presented during the night was the Young Inspirational Hero Award, which was given to Eighth-Grader Cali O’Donovan for the work she has done while studying at Crossroads School for Arts and Sciences.O’Donovan’s teacher Josh Adler introduced O’Donovan to the stage after describing the honor student’s artistic and athletic talents, the humanitarian work she performed south of the border and her caring demeanor. “Last year on Earth Day, Cali led a student protest that drew attention to the climate crisis and she petitioned crossroads to reduce its carbon footprint by having a ‘Meatless Mondays’ program for school lunches,” Adler said.Once at the podium, O’Donovan added she hopes to continue the work she has began at Crossroads,“ because now more than ever I feel that our local community includes more than just what lies inside the boundaries of Santa Monica.”Before exiting the stage, 2019’s Young Inspirational Hero thanked her school, community for assisting her in her efforts to make the world a better place.Inspirational Hero in EducationKeeping with the theme of education, the next award presented during the night was the Inspirational Hero in Education, which was awarded to a group of heroes at the Santa Monica Ed Foundation — an organization that raises funds to provide additional supports to local schools.“We are humbled to be on this stage in front of you to accept this award,” said John Baracy, secretary of the foundation’s board of directors. “Along with our board, this is the team that keeps the Ed Foundation running, but the real engine of the foundation is our donors, (who) give generously to keep arts, STEM and wellness programs at our schools.”Baracy added that donors are the true heroes of local schools and he hopes the community will continue to provide the means that will allow every student in the community to find a path to success.“We are honored to be part of this effort with you all,” Baracy said, before the chamber moved to honor a police officer who has found ways to also impact the youth of the local area.Inspirational Police HeroOfficer Noell Grant has been a Santa Monica Police Officer for approximately 12 years and for the past five years she has been assigned to the Santa Monica Police Activities League, which is known as PAL.During her time with PAL, Grant has fostered a bond with many local youths as she’s created and developed a self-defense class titled “Girls on Guard” to empower girls and their mothers, a basketball team and other popular programs.Chief Cynthia Renaud said during the event that she feels Grant has offered kids a different path that would not have been possible without her guidance.“If it was not for her intervention, for her mentoring and for her guidance, I truly believe we would’ve lost some of our youth here in this city to a path that was not good for them,” Renaud said, adding: “So it is truly my pleasure that she’s honored tonight and that I get to be here tonight to introduce her…. Congratulations.”Grant added Tuesday that she believes her work is important because it builds trust between local families and the police force, which has been a goal of hers since she first started working with the Police Activities League.There are positive interactions to think back on, “and not only when it’s a crisis or emergency,” she said. “They get to know me not only as Officer Grant but Noelle as well… So watching the growth of these kids and knowing I had a positive impact is one of the most fulfilling parts of my career.”Inspirational Firefighter HeroChief Bill Walker would take the podium shortly to introduce the Inspirational Firefighter Hero Jeffrey Adams, who battled many fires this year while working in the Santa Monica Fire Department — including California’s largest, the Thomas Fire.Walker said Adams has been in the department a little more than five years and his peers voted him firefighter of the year for a multitude of reasons.“One of the good things about attitude and behavior and action is they’re contagious. And Jeff brings such a positive attitude and respect for the fire service and such absolute energy every day that his peers have developed that much respect for him despite him being at the early stages of his career,” Walker said, mentioning Adams is the epitome of what you want in a firefighter. “He makes all of us want to be better. When you’re around Jeff, you want to be at the highest level.”Adams said at the podium that it means “everything” for him to not only be able to work in a community like Santa Monica but to also have made an impact on his peers and the city.“I work in the best place in the world,” Adams added, thanking the heroes who serve alongside him every [email protected] :chamber of commerceSanta Monicasmfdsmpdshare on Facebookshare on Twitteradd a commentCulture Watch – Mr. Toilet Talks S**tTwo suspects arrested in connection with downtown stabbingYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall7 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press18 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press18 hours agoNewsCouncil picks new City ManagerBrennon Dixson18 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter18 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor18 hours agolast_img read more

Huawei, ZTE plan to join Ericsson with patent lawsuits — report

first_imgHomeAsiaNews Huawei, ZTE plan to join Ericsson with patent lawsuits — report AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 19 DEC 2014 Ericsson-Samsung patent deal ends legal disputes India to shun China vendors in 5G trials Asia China’s Huawei and ZTE are reportedly preparing legal action against device vendors Xiaomi, Oppo and Bubugao for patent infringement.The two companies, better known for their telecoms network gear, had sent the companies a warning letter requesting royalty payments, Business Korea reported. Since the three so-called second-generation handset makers failed to respond, Huawei and ZTE said they would file lawsuits.The news comes just a week after fast-growing Xiaomi was hit by an injunction in India that banned the sale of its smartphones for infringing on essential patents. Ericsson filed a complaint after the Chinese firm failed to respond to repeated requests for royalties.Xiaomi earlier this week was allowed to resume sales of some devices. Its devices powered by Qualcomm chipsets reportedly are clear to go back on sale since the US firm has a deal in place with Ericsson.The report is not the first to suggest the Shenzhen-based firms ae taking legal action against their low-cost rivals. A month ago China’s said the two had sent letters to Xiaomi, Oppo and Vivo claiming the three had violated their patents. The report was not confirmed.As predicted by Richard Windsor in his Radio Free Mobile blog last week, other major patent holders are starting to jump on the bandwagon and file claims against the new wave of low-cost smartphone manufacturers. Being required to pay royalties on standard essential patents outside of China, which Windsor said could raise costs by 5-7 per cent for Xiaomi, would cut into the companies’ already extremely thin profit margins.Huawei and ZTE both have strong patent portfolios. Huawei has almost 30,000 mobile phone patents (it registered for 7,000 this year alone), while ZTE has more than 13,000 patents and for two consecutive years (2011 and 2012) submitted the largest number of patent applications globally.The two firms, however, face patent infringement issues of their own and also have filed suits against each other. ZTE in October lost a case against InterDigital for infringing on three mobile-phone patents. ZTE had previously won two cases against InterDigital, which is appealing both decisions. ZTE also filed an antitrust case in Europe in June against New York-based Vringo, a holder of a portfolio of essential patents, for impeding fair competition by not licensing its IP on reasonable terms.Huawei filed a similar motion in the EU against InterDigital, but the two sides settled out of court in February.Meanwhile, Xiaomi’s co-founder Lei Jun said he received the best birthday gift on 16 December when India’s high court lifted the injunction on sales of the firm’s smartphones.He said the “patent wars” are a sign that the company is becoming an adult, said. Lei told reporters that the company wouldn’t pursue short-term profits in the next few years. He expects the firm to apply for 1,300 patents next year, with 300 international applications. Huawei founder urges shift to software Relatedcenter_img Previous ArticleVendors prepare for 4G in India with release of low-cost smartphonesNext ArticleCSL rolls out LTE-A in parts of Hong Kong Author Joseph Waring Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Ericssonessential patentsHuaweilawsuitOPPOpatent infringmentsmartphoneVivoXiaomiZTE Tags last_img read more