Friday 14 June 2019 9:11 am whatsapp This morning he told the BBC that despite his past criticisms of the Lib Dems for forming a coalition with the Tories, “things have changed”. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndo The group is now left with just five MPs – former Labour MPs Mike Gapes, Chris Leslie, Ann Coffey and Joan Ryan, and former Tory MP Anna Soubry, the party’s leader. Read more: Change UK switches name for third time after clash with petition website The MP for Streatham, who left Change UK recently, was one of a number of politicians who left Labour and the Tories in February in protest at the two main parties’ handling of Brexit. Read more: Labour pains: seven MPs resign to start new party Alexandra Rogers Change UK co-founder Chuka Umunna joins the Lib Dems Former Labour MPs Luciana Berger, Gavin Shuker and Angela Smith joined Umunna in leaving the party earlier this month, along with former Tory MPs Heidi Allen and Sarah Wollaston. The Streatham MP, who helped set up Change UK, said he believed there wasn’t “room for more than one centre ground option” and that “a good handful” of Conservative and Labour MPs would soon join him in defecting to the Lib Dems. whatsapp Last night, Umunna tweeted: Chuka Umunna helped set up Change UK Former Labour MP Chuka Ummuna has joined the Liberal Democrats just months after helping set up the troubled Independent Group for Change. Share “If you want to end austerity you cannot do that if you are going to sponsor Brexit in the way that the two main parties are doing,” he said. Yesterday Anna Soubry admitted that the party had applied to have its named altered from Change UK to the Independent Group for Change following a legal dispute with the petition Change.org. Change UK has struggled to make an impression with voters since it was founded in February, and failed to win any members of the European Parliament in last month’s Euro elections.
Wednesday 13 May 2020 10:23 am Damien Teisseire, IHS Markit’s group reward director, said: “This agreement provides long-term security for our pension members of the UK “IHS (Global) Ltd. Pension and Life Assurance Scheme” and the US “IHS Retirement Income Plan”, securing their benefits with a well-established insurer.” L&G agrees two pension risk transfer transactions with IHS Markit Laura Mason, chief executive of Legal & General Retirement Institutional, said: “We are delighted to have been able to work with IHS Markit and the Trustees to agree an exciting first for our team – a globally coordinated transaction to simultaneously insure pension liabilities in both the UK and the US.” Legal & General has today announced it has agreed two pension risk transfer transactions with information provider IHS Markit, one in the UK and one in the US. Share Get the news as it happens by following City A.M. on Twitter. whatsapp Also Read: L&G agrees two pension risk transfer transactions with IHS Markit The UK transaction was for £37.8m, covering around 150 members, while the US transaction was £78.4m, covering around 1,200 members. The pension schemes covered are IHS Pension and Life Assurance Scheme in the UK and IHS Retirement Income Plan in the US. The financial services group also confirmed it had completed 17 bulk annuity transactions in the UK and US as at 30 April 2020. It has now secured £1.4bn of pensioner and deferred members’ benefits, including today’s transactions. “The collaborative and dynamic approach in addition to strong expertise from all parties ensured that both transactions were completed safely and efficiently.” It builds on Legal and General’s 2019 results which reported £10.3bn of UK pension risk transfers and $1.1bn of transfers in the US for 2019. Angharad Carrick Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic. whatsapp Also Read: L&G agrees two pension risk transfer transactions with IHS Markit by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniorsbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyArticles StoneTeacher Throws Marine Out, He Gets The Last LaughArticles StoneBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderDefinitionThe Funniest Yard Signs EVER WrittenDefinitionNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance Show Comments ▼
Physicians object to Juneau’s coronavirus quarantine exemptionsShare this story: Business | Coronavirus | Economy | Energy & Mining | Fisheries | State Government | TourismState proposes $100M loan guarantee program as Alaska businesses seek approval for out-of-state workersMarch 26, 2020 by Nat Herz, Alaska Public Media Share:Crew members Brian Hagen, left, and Derrick Justice shovel pollock on the deck of the Commodore on Thursday, January 24, 2019. (Photo by Nathaniel Herz / Alaska’s Energy Desk)Some 600 business entities have filed plans with the state outlining how they’ll safely bring out-of-state workers into Alaska to support “critical infrastructure” amid the coronavirus pandemic, officials said Wednesday.Starting Wednesday morning, Gov. Mike Dunleavy is requiring people arriving in Alaska from out of state to self-quarantine for two weeks to prevent the spread of COVID-19, the disease caused by the coronavirus. People who disobey the order can be fined up to $25,000 or imprisoned for a year.Exemptions are possible, however, for businesses in what Dunleavy’s administration calls “critical infrastructure.” Those include the oil, logging and mining industries, health care, grocery stores, airlines and fishing.Businesses in those industries who have workers coming to Alaska before May were required to file pandemic plans with the state by Tuesday afternoon. The plans call for procedures for safely bringing in workers from out of state, and for protecting other employees and the surrounding community.Dunleavy’s administration said that to the greatest extent possible, incoming workers should still self-quarantine once they get to Alaska. But in cases where that’s not possible, businesses were asked to explain why, and to outline their alternative to quarantining.The deadline for businesses to submit the plans originally came less than 24 hours after Dunleavy announced the travel restrictions, which forced some of them to scramble.“I was hearing from fishermen who were relaying through their processors that they’re out on the ocean right now fishing, and what are they supposed to do?” said Frances Leach, executive director of the United Fishermen of Alaska.Leach said the state allowed different fishing industry associations, like the ones representing crabbers or cod harvesters, to submit general plans for their vessels and captains, which made the process easier.She said members have had a hard time keeping up with the information and protocols they’re supposed to be following amid the pandemic. But they also recognize that these are unprecedented times, she added.“You know, we’re all in this together. We’re all trying to quickly get up to speed,” Leach said. “And so far, I have found that most everybody has been really patient and understanding. And they get the severity of this.”Jeremy Zidek, a spokesperson for the state’s unified COVID-19 command, couldn’t give a timeline for how long it would take the state to review all of the businesses’ response plans. Leach said the state is allowing vessels that have turned in their action plans to continue their operations as if the plans have been approved.Meanwhile, Alaska’s economic development agency is proposing a loan guarantee program of up to $100 million to support the state’s businesses as they fight for survival amid the coronavirus pandemic.If approved by the Alaska Industrial Development and Export Authority board at an emergency meeting Friday, the program would work with banks, not directly with businesses. Businesses that have established borrowing relationships with banks would be able to add up to $1 million to their existing loans, and AIDEA would guarantee the extra amount.The program would be called the Sustaining Alaska’s Future Economic Guarantee Program, or “AK SAFE,” and it would last as long as Dunleavy’s coronavirus emergency proclamation. The initial proposal is to budget $50 million for the program, which could rise to $100 million if state lawmakers approve.A spokesman for the authority, Karsten Rodvik, declined to share additional information about the proposal.The pandemic of COVID-19 has devastated Alaska’s economy. The price of oil, the state’s major industry, has crashed amid lower demand and a standoff between some of the world’s major producers. Tourism is also facing a barren summer as people curtail their travel, and in-person service at restaurants and bars is closed indefinitely.AIDEA’s agenda at its Friday meeting underscores that economic havoc. One item is a request by an oil company BlueCrest Energy, to delay principal payments on a $13.2 million state loan for a year due to the pandemic.“The collapse in oil prices due to actions of foreign governments, exacerbated by the economic downturn from the COVID-19 pandemic, has resulted in the borrower encountering severe cash flow problems, and oil prices are not expected to recover in the immediate future,” the proposal said.A second agenda item asks board members to add $2.5 million to an existing loan to the Blood Bank of Alaska. The request cites Dunleavy’s order that health care providers stop performing elective procedures for three months to free up capacity for COVID-19 patients.“Elective procedures are approximately 50% of the blood bank’s revenues,” the authority’s staff wrote in a memo to board members.
ID 75722980 © Boggy | Dreamstime.com By Sam Whelan, Asia correspondent 30/05/2019 India’s new port community system is a “game-changer” for shipping operations, and is set to help reduce the high logistics costs in the country.Known as PCS1x, the platform will improve India’s ease of doing business and cut container dwell times, according to Manish Mrigank, assistant director at the ministry of shipping’s Indian Ports Association (IPA).“PCS1x will be transformational for the port ecosystem,” he told The Loadstar.“The main objective is to create a single platform of information exchange for all stakeholders in the maritime ecosystem, to bring transparency and operational efficiency.”The “single-window” cloud-based platform facilitates secure message exchanges between Indian ports and local stakeholders, including shipping lines, terminal operators, freight forwarders, inland transport, customs authorities and banks.It is currently in operation at 19 ports, including Mumbai’s Jawaharlal Nehru (JNPT), India’s biggest container gateway, with volumes of over 5m teu. Mr Mrigank said the system would be rolled out to all the country’s 200 ports in the near future.He said the main advantages of PCS1x was to reduce paper-based transactions and introduce process optimisation and standardisation for ports, terminals and other stakeholders, such as the digitisation of key processes surrounding gate operations.It has already allowed one port to slash the time taken to handle vessel submissions, Mr Mrigank noted.“Currently one port takes an average of 30 hours to approve the vessel profile submission after it’s requested. PCS1x helped identify the bottleneck and bring down the response time to 30 minutes.”Streamlining payments for port services is another key improvement, Mr Mrigank said. The PCS1x payment gateway simplifies the invoice transaction process, since currently most ports use personal deposit accounts at various banks, which customers must pay into.“The new payment aggregator solution provides the transaction within hours between any two banks. This is a giant leap towards ease of doing business and will help in the improved invoice reconciliation process, easy dispute resolution and ease of cashflow and fund management,” he explained.However, there were teething problems with the launch of the system, according to local media, with some stakeholders blaming a lack of preparation for software glitches.“Considering the wide scope of the project and tight deadline – it was completed within seven months – there was initial apprehension during the stabilisation period, but all the concerns have been addressed and this has been a successful journey so far,” Mr Mrigank said.The port community system is one of several initiatives to reorganise India’s fragmented logistics industry. Last year the government announced a National Logistics Portal to help bring down logistics costs from 14% of GDP to 10% by 2022, including an eMarketplace of logistics services, including freight booking and tracking across all transport modes, price discovery and payments.Mr Mrigank said PCS1x would connect to the portal, allowing for container track-and-trace, which would be a “game-changing experience for the whole ecosystem”.“I feel PCS1x is just a step towards a better, efficient and transformation journey for port industry modernisation. With the advent of new technologies such as blockchain, AI and machine learning, maritime stakeholders can definitely leverage these to become even more efficient and robust,” he added.
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Facebook Twitter What is the Real Reason for DJ’s Cancelled Visit to North Korea? By Park Hyun Min – 2006.06.23 1:49pm News SHARE Park Hyun Min RELATED ARTICLESMORE FROM AUTHOR News [imText1]Despite strong opposition from some experts, Kim Dae Jung has continued to pursue a visit to North Korea, emphasizing it as his ‘last service for this country’. However, the visit has been cancelled indefinitely. On the 21st, Jeong Se Hyun, former Minister of Unification and the head representative of the contact process for DJ’s official visit to North Korea, revealed that, “Due to the unexpected situation, the June visit arranged last May will be postponed indefinitely”, meaning that due to the missile launch, the timing is no longer good for a visit.Yet, some critics point out that given the passive attitude North Korea has shown throughout the contact process for the visit, the cancellation was to be expected. The South and North mutually agreed on the 4-day visit, which was supposed to begin on the 27th of last month, at the conclusion of their second round of negotiations. The third round of negotiations was scheduled to take place from the 7th to the 9th of this month, but North Korea unilaterally cancelled it. Additionally, the North avoided any discussion of particulars, with the evasive statement, “We will give you an answer later” at the Gwangju 6.15 event, which suqsequently produced no clear answer. Given these situations, the cancellation of former president Kim Dae Jung’s visit is likely not only due to the ‘unexpected situation’ of the missile launch threat. “North Korea just wanted DJ to take a rest. What is unification?”North Korea invited former president Jimmy Carter as a special envoy in 1994 when it faced a serious crisis due to its possession of nuclear weapons. Similarly, DJ’s visit could be an attempt to stay in contact with the U.S, according to UN assistant Han Seung Ryeol, who said that the North may be looking to lead the missile conflict into a talk with the U.S. In spite of this, North Korea was not in support of the DJ visit to North Korea. A discussion regarding DJ’s visit to North Korea initially broached last year when Kim Jong Il officially mentioned the idea through Jeong Dong Young, former Minister of Unification in Pyongyang. Last year the North Korean representative of the 8.15 event recommended that visit North Korea, and the government also strongly supported the visit. Nevertheless, North Korea apparently came to reconsider their initial thoughts, as the time for DJ’s visit grew near.Some concluded that Kim Jong Il does not favor DJ’s visit itself, even though it was assumed that North Korea would invite DJ to North Korea simply as he is the president of the 6.15 Summit Talks. However, DJ wished to discuss unification and the national fate together, a topic which may have led to some discomfort from Kim Jong Il. Professor Nam Seung Uk of the North Korea department of Korea University said that, “It may be that Kim Jong Il was uncomforatble with the possibility that DJ would encourage a return visit in the South, putting Kim in an awkward position if he did not agree”, adding, “Additionally, due to the nuclear weapons and economic sanctions, which need to be discussed with the U.S, Kim Jong Il would think DJ’s visit useless to him”. In reality, a discussion on unification and ‘national fate’ could be far from the mind of Kim Jong Il in inviting DJ to the North, a topic which could be discussed at a working-level talk. Furthermore, North Korea could have taken a more active role in the construction of the talks and the visit. I am still insure why North Korea showed such a passive attitude regarding the visit.“If he ignores captives and abductees problems, he is disqualified to talk about ‘national fate’”It is also pertinent to note the gift of 500 million dollars that DJ gave to Kim Jong Il at the 2000 Summit Talks. Some experts supposed that North Korea may have expected to be awarded a similar gift this time as well. Yet it seems that as DJ was not ready to bestow such a gift, North Korea took a step back. If a financial gift had been on the horizon, the likelihood of a successful visit would have certainly increased.On the day after the cancellation, an interesting thing occured. In regard to the cancellation, DJ criticized South Korean conservatives rather than blaming Kim Jong Il. He said that the conservatives were using the missile conflict for their own purposes, taking the side of Kim Jong Il. South and North Korean cooperation needs to be based on mutual trust. However, the South Korean government is unilaterally attempting to cooperate with North Korea. It is uncertain why the South Korean government does so. with DJ, the initiator, only inflaming the situation.South Koreans have never requested that DJ meet with Kim Jong Il to discuss the national fate with him. DJ should reconsider whether or not he is the right person to discuss the matter. He was awarded a Nobel prize at the cost of the North Korean captives and abductees. In addition, he should question whether or not he is qualified to be a representative of the national fate, as he refused the request of abductees’ families for a meeting. There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News News North Korea tries to accelerate building of walls and fences along border with China
James Langton The rating outlook on the fund is characterized as “developing”, which S&P says reflects the likelihood that it may either raise or lower the ratings over the next two years. The outlook on the ratings for France and Austria is negative, indicating that there is at least a one-in-three chance that it will lower the ratings again in 2012 or 2013. For the fund, S&P notes that EFSF member states may currently be exploring credit-enhancement options, and if it adopts credit enhancements that are sufficient to offset its now-reduced creditworthiness, it would likely return the EFSF’s long-term ratings to AAA. Conversely, if sufficient offsetting credit enhancements aren’t forthcoming, S&P would likely change the outlook to negative to mirror the negative outlooks of France and Austria. Sovereign defaults hit record level in 2020: Fitch Facebook LinkedIn Twitter After downgrading the AAA ratings of France and Austria, Standard & Poor’s Ratings Services has also lowered its rating on the eurozone bailout fund. Last week, S&P lowered the long-term sovereign credit ratings on two of the European Financial Stability Facility’s previously ‘AAA’ rated guarantors. As the fund’s obligations are no longer fully supported by guarantees from AAA rated countries, S&P Monday lowered the long-term issuer credit rating on the fund. High debt levels threaten banks’ strong results: Fitch Share this article and your comments with peers on social media Climate tide turns against oil companies: Moody’s Keywords Credit ratings, Europe, Financial crisisCompanies Standard & Poor’s Related news
One thousand probation officers recruited to protect public Probation Service recruits record 1,000 trainees in past yearstaffing boost will improve supervision of offenders and help cut crimefurther 1,500 to be recruited this year as services are unifiedThe 1,007 new recruits, a record number for a single year in the history of probation, will allow staff to keep an even closer eye on offenders, including the most dangerous, and prevent more people from becoming victims. That record is set to be smashed again this year, with a further 1,500 by March next year, thanks to an extra £310 million invested in the service over the last 2 years.Probation officers supervise offenders leaving prison on licence and those serving community sentences. They protect the public by meeting regularly with offenders and ensuring they are complying with the conditions of their release from prison or sentence and not committing crime. The use of location-tracking GPS tags and close work with the police helps them to do this. They also ensure offenders access services that reduce the risk of them committing more crime , including drug or alcohol treatment, accommodation and education.Where offenders have been released from prison and breach their conditions or commit further offences, probation officers have the power to recall them back to prison, helping to cut crime and protect the public.Increased staffing in the Probation Service means probation officers will be able to supervise fewer offenders, and be better able to use their professional skills and legal powers to help stop offenders from committing more crime.Prisons and Probation Minister Alex Chalk said:Probation officers are unsung crime fighters, sending offenders back to prison if they breach their licence conditions, and helping others turn their lives around so that they don’t commit more crime.These new recruits are a key part of our plan to make the country safer, alongside 20,000 more police officers, tougher sentences and the building of 18,000 new prison places.Public safety will be boosted further later this month when the supervision of low and medium risk offenders comes back under public sector control, meaning that probation officers will be able to devote more time to the most high-risk offenders.With reoffending accounting for around 80% of all recorded crime, these improvements to the service are designed to prevent thousands of people becoming victims each year and save some of the £18 billion annual cost of repeat offending.As well as increasing the total number of probation officers in training, nearly 1 in 5 new recruits are from an ethnic minority, demonstrating that a crime-fighting career in the probation service is open and welcoming to all.The Probation Service is working closely with experts in the charity sector who provide specialist services aimed at cutting crime. Last month it was announced that almost £200 million will be provided to charities and organisations across the country to deliver important services to help offenders turn their backs on crime. /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:Alcohol, building, career, charity, community, crime, education, Government, GPS, licence, Minister, police, Prison, recall, Safety, staffing, treatment, UK, UK Government
Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Sept. 3, 2013 CU System news releaseDENVER – Faculty at the University of Colorado attracted research awards totaling $774,079,158 during the 2012-13 fiscal year, based on preliminary figures.That investment in CU maintains the university’s place as one of the top research institutions in the country, the total ranking as fourth-highest in CU history. The amount slipped 5.6 percent from the previous year, reflecting an increasingly competitive arena shaped in part by tightening federal budgets.The reduction in research funding may be here for a while, says Richard Traystman, Ph.D., vice chancellor for research for the CU Anschutz Medical Campus and CU Denver, because there is less money and more competition for grants.Overall, however, Traystman noted that the federal government provides billions of dollars in research support nationally, $31 billion from the National Institutes of Health alone. While funding is reduced, he says, “it’s not wiped out and my optimism is that we have the opportunity to receive our fair share of that to continue the important work of research.”With an eye on the horizon, CU President Bruce D. Benson recently initiated an effort to enhance CU’s research operations and infrastructure, as well as to diversify the entities it partners with, all with the intent of increasing revenue from one of CU’s most significant funding streams.“We have innovative research faculty and we not only need to facilitate their great work by having an efficient and effective research infrastructure, we also need to find new partners to augment what we already do for federal agencies,” Benson said. “I have every confidence that we can substantially increase the amount of research funding we attract.”Fiscal year 2012-13 sponsored research funding across CU, broken down by campus: University of Colorado Boulder, $351.9 million, including a five-year, $9.2 million award from the U.S. Department of Energy. A team led by CU-Boulder is researching how to modify E. coli to produce biofuels such as gasoline. The researchers hope to engineer the production of ethylene and isobutanol, two compounds that can be converted into gasoline among other chemicals. University of Colorado Colorado Springs, $7.8 million, including a four-year, $550,000 grant from the National Science Foundation to fund about 30 scholarships annually for past and current military service members interested in pursuing degrees in science, technology, engineering or mathematics. UCCS is the one CU campus that saw research awards increase this year. University of Colorado Denver, $19.1 million, including a $300,000 commitment from the Surplus Lines Association of Colorado for the Risk Management and Insurance program at the CU Denver Business School. The gift will endow a scholarship fund and underwrite an international Risk Management and Insurance travel course that will help the program develop students who will graduate prepared to join the insurance industry workforce. University of Colorado Anschutz Medical Campus, $395.2 million, including an $11 million grant by the Bill & Melinda Gates Foundation supporting research to normalize early growth of children of mothers in poor communities with high rates of early growth retardation.Sponsored research funding from federal, state and local agencies targets specific projects to advance research in laboratories and in the field. Research funding also helps pay for research-related capital improvements, scientific equipment, travel and salaries for research and support staff and student assistantships. CU cannot divert these dollars to fund non-research-related expenses such as utilities, compensation, student financial aid or grounds maintenance.Much sponsored research funding is directed to departments and researchers with unique expertise, such as biotechnology and aerospace, which stimulates industry.Via the CU Technology Transfer Office, CU research commercialization has led to the formation of 132 companies since 1994; eight start-up companies were formed in fiscal year 2012-13.Contact:Jay Dedrick, [email protected]
Series of Symposia to Develop Policy Framework for MSME Sector CommerceMay 14, 2010 Advertisements RelatedSeries of Symposia to Develop Policy Framework for MSME Sector FacebookTwitterWhatsAppEmail The first in a series of three symposia focusing on Jamaica’s micro, small and medium-sized enterprise (MSME) sector got underway yesterday (May 12) on the Mona campus of the University of the West Indies (UWI).The series, being hosted by the university in collaboration with the Ministry of Industry, Investment and Commerce, and Jamaica Trade and Invest (JTI)/Jamaica Promotions Corporation (JAMPRO), is aimed at stimulating further discussions on the policies that are required to foster the growth and development of the country’s MSME sector.Themed: ‘Creating a Policy Framework for the MSME Sector in the Jamaican Economy’, the seminars have the objective to get a broad cross-section of MSME stakeholders from the public and private sectors to assess and prioritise existing policy proposals, and point the way towards early policy adoption and implementation that have the potential to significantly impact Jamaica’s development.Permanent Secretary in the Ministry of Industry, Investment and Commerce, Reginald Budhan, said the fact that the symposia are being anchored by the university is important as “universities have a role to play in the development of nations in general.”Permanent Secretary in the Ministry of Industry, Investment and Commerce, Reginald Budhan (left) addresses a symposium on Jamaica’s micro, small and medium-sized enterprise (MSME) sector, held at the University of the West Indies, Mona on Wednesday, May 12. Looking on are: Principal of the University of the West Indies (UWI) Mona, Professor Gordon Shirley (2nd left) ; and Head of the Department of Economics at UWI, Professor Claremont Kirton.General Manager of the Jamaica National Building Society (JNBS), Earl Jarrett, who was also the chairperson for the event, lauded the collaborative partners for “this focus on the MSME sector.”“It is clear that we all need to address the challenges being experienced by small business entrepreneurs, through the creation of a formal policy framework to drive the development of the sector in Jamaica,” he stated.Mr. Jarrett pointed out that despite efforts to analyse and address the needs of the MSME sector, it continues to be under-developed, although several surveys indicate that some 500,000 to 700,000 persons are interested in accessing micro-finance.“This indicates that there is extensive room for growth in the sector and one reason for this, is the fact that there has not been the development of national policy framework to guide the sector and to strengthen our local MSME enterprises, which is estimated to account for some 80 per cent of the Jamaican workforce,” he noted.Principal of UWI Mona, Professor Gordon Shirley, said that there are a number of challenges that impede the potential of the sector to contribute as intensively as it could to the development of the economy.He said that the series of symposia will address some of these impediments with a view to identifying solutions and developing a policy framework for the sector.The topic discussed at today’s event was: ‘Two Key Burdens Affecting MSMEs: Financing and Tax Administration’.The other sessions will be held on May 26 and June 10, to discuss, respectively, ‘Two Key Types of Non-Financial Support Needed: Business Development Services and Networking Clustering’; and ‘Key Issues for the Future: Internationalisation, Innovation and Intellectual Property Rights’. RelatedSeries of Symposia to Develop Policy Framework for MSME Sector RelatedSeries of Symposia to Develop Policy Framework for MSME Sector