View post tag: Force View post tag: Media Share this article View post tag: News by topic On Sunday 02 December 2012, the Force Commander of the EU Naval Force Somalia – Operation Atalanta (EU NAVFOR), Rear Admiral Enrico Credendino, met with Somali and Djiboutian media on board the EU NAVFOR flagship, ITS San Giusto, off the Somali town of Berbera.The event was the first opportunity for Somali journalists to meet the EU Naval Force Commander at sea. This embarkation provided the regional media with an opportunity to observe the capabilities of EU Naval Force units tackling piracy in the Gulf of Aden and in the Indian Ocean.Furthermore, the journalists were briefed on mandate and objectives of Operation Atalanta in detail, as well as the wider EU approach to piracy off the Horn of Africa.“This day at sea is an outstanding opportunity for us to explain our mission and capabilities,” said Rear Admiral Credendino, who added “ my message to the people in Somalia and the region is that we are here to work with them to combat piracy, which has had such a detrimental effect on their country”.[mappress]Naval Today Staff, December 04, 2012; Image: EU NAVFOR View post tag: briefs Authorities View post tag: piracy View post tag: Combating Back to overview,Home naval-today EU NAVFOR Force Commander Briefs Somali & Djiboutian Media on Combating Piracy View post tag: Somali View post tag: Commander View post tag: EU NAVFOR View post tag: ON EU NAVFOR Force Commander Briefs Somali & Djiboutian Media on Combating Piracy View post tag: Navy View post tag: Naval View post tag: Djiboutian December 4, 2012
Coastal Christian will host the Ocean City Community Thanksgiving Service 7 p.m. Tuesday, Nov. 25. Coastal Christian is located at the corner of Eighth Street and West Avenue.The service, sponsored by the Ocean City Ministerium and the Ocean City Ecumenical Council, will include Thanksgiving hymns, the Presidential Thanksgiving Proclamation and a Thanksgiving sermon. Pastor Matt Stokes will be the guest speaker.Mayor Jay Gillian will present welcoming remarks on behalf of the city and will read the Presidential Thanksgiving Proclamation.Members of the clergy from many Ocean City churches will participate.A free will offering will be taken up to continue the work of the Ocean City Ecumenical Council that includes the Food Cupboard and Clothes Closet. You are encouraged to bring a contribution of non-perishable food items to be donated to the Food Cupboard as we continue to support the needy of our community. Dessert fellowship will follow the service.All are invited to attend.
Site map for three new triplexes to be constructed at the site of the former Hotel Bellevue. Construction of three triplexes on the vacant lot formerly occupied by the Hotel Bellevue will begin soon, according to an attorney representing the developer.Rendering of one of the triplex building designs.The property at Eighth Street and Ocean Avenue has been vacant since the hotel caught fire during demolition in September 2012. The Hotel Bellevue had a rich local history dating back to at least 1907. But, the hotel fell into disrepair in later years and had been condemned by the city before it burned in the fire, which officials said was accidentally caused by a contractor’s blowtorch.The Ocean City Planning Board last month unanimously approved a proposal by 104 South Oakland Avenue LLC to build three, three-story triplexes on the property. The developer is a subsidiary of Fox Chase Bancorp in Hatboro, PA.The former Hotel Bellevue at Eighth Street and Ocean Avenue in Ocean City, NJ.Each unit of the three triplexes will have five bedrooms, two bathrooms and a deck, according to plans submitted to the city. And, each unit will be assigned three parking spaces.Attorney Daniel J. Young of Ocean City, and George Wray Thomas Architecture and Engineering of Somers Point presented the developer’s proposal to the planning board last month.Young said in an interview Wednesday that although he didn’t have an exact construction date, “my understanding is they’re going to start as soon as they can.”The developer is waiting for all final approvals and permits from the city, Young said.
Harrogate Cake Company has launched a new handmade Christmas pudding following help from deliciouslyorkshire.The cake company teamed up with deliciouslyorkshire – the Regional Food Group’s campaigning brand that champions the broad range of food and drink from the Yorkshire and Humber region – which offered technical advice, and worked with the firm to develop a recipe with improved shelf-life and taste qualities. Deb Neeson, technical manager at deliciouslyorkshire, and Heather Cawthorne, owner of Harrogate Cake Company, worked together to further develop Cawthorne’s original Christmas pudding recipe into one that would hopefully give it a head-start in the retail market.The project was funded by the Innovation Voucher scheme, which enabled Cawthorne to take advantage of one of deliciouslyorkshire’s many services and obtain the new product development expertise she required.“Developing a new product can prove to be a minefield for a small business. I was able to help Heather consider new, functional ingredients, create her legal labelling, upscale her recipe and make it a robust proposition for her customers,” explained Neeson.Although Innovation Vouchers are no longer available, deliciouslyorkshire has introduced a new pay-monthly option in order to make new product development services more affordable for SMEs.
Public institution “Krka National Park” in Šibenik with a new festival raised the issue of ecology, from next year they plan to open the same issue at the sites of the national parkThis weekend, as part of Krka’s cultural summer, Šibenik hosted Green Eye festival which was held under the slogan Nature is Watching You – Nature is Watching You. Festival Green Eye it is dedicated to the topics of environmental protection and preservation of nature, ie flora and fauna. In addition to outdoor screenings, due to bad weather conditions, part of the screenings was transferred to the Museum of the City of Šibenik. “The main goal in deciding to launch the Green Eye Film Festival was to raise our awareness of the environmental challenges facing our civilization, namely global warming, environmental pollution and the extinction of endangered species. We wanted to emphasize primarily the importance of establishing a more balanced relationship between people and nature, the impact that nature has on our health and the role of the individual in its preservation. Therefore, we hope and believe that the festival will be held in the coming years, and that we will expand it to other locations within the Krka National Park.. ” pointed out Krešimir Šakić, director of the Public Institution “Krka National Park”.During the three-day festival, visitors were able to watch six long and three short films. The festival opened the film Thank you for the rain, and after the film, the audience was addressed by the composer of music for the film, Chris White, who did not hide his enthusiasm for the natural beauties of Croatia, which he visited for the first time. After the film Thank You for the Rain, visitors could also watch a film by Leonardo DiCaprio, Before the Flood. Saturday night opened the filmSeed: The Untold story, and after him the film Racing Extinction. The final evening was marked by a Croatian-Canadian film Hedgehog’s Home according to the classic poem by Branko Ćopić and How to Let the World Alone and Love What the Climate Can’t Change / How to Let Go of the World and Love All the Things Climate Can’t Change about the impact of climate change on the world around us.Photo: Ivan BuvinićIn addition to feature films, the festival also presented short films Nature is Speaking as part of a provocative advertising campaign and invites people to start listening to nature. The campaign consists of several short films, of which the following were screened at the festival: Mother nature, Ocean / Ocean, Rainforest, in which the voices were lent by famous actors Julia Roberts, Harrison Ford and Kevin Spacey.”We need to look back sometimes and get out of the rut of fast life we live, and dedicate time to the nature we leave to future generations. I am glad that there are people who have decided to start a festival like this and use film art to warn us of the mistakes we are making. I came here with my daughter Lola, because I think it is necessary to instill in children from the earliest stages an awareness of a responsible way of life towards nature.. ” pointed out director Bobo Jelčić.
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Comment Advertisement Arsenal? Chelsea? Spurs? John Barnes names the ‘best club’ for Philippe Coutinho to join Barnes thinks Coutinho should move to Arsenal (Picture: Getty)‘I don’t think Tottenham would be interested, as I don’t know if the way that José Mourinho likes to play will suit him, as he likes the ball and having a lot of possession, whereas Mourinho doesn’t necessarily play that way. ‘Arsenal could be the best club with the style of football they play.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘Chelsea could be another good match, because of the way Frank Lampard sets up his team, so with that in mind, Arsenal or Chelsea would be the best solution for him. ‘I don’t think he will go to Manchester City to be honest. Pep Guardiola would be able to get the best out of him but there are often times that he has been in a successful team already, and he hasn’t been able to show off as much as he would like.’Would Arsenal be the best fit for Philippe Coutinho?Yes0%No0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Coutinho is set for a return to the Premier League (Picture: Getty)John Barnes believes Arsenal would be the ‘best club’ for Philippe Coutinho to join this summer, while he also thinks Chelsea would be a ‘good match’.However, he warned the Brazilian against a move to Tottenham Hotspur and Manchester City.Coutinho is free to leave Barcelona this summer after Bayern Munich decided against signing him on permanent basis and has a host of suitors across Europe. The former Liverpool playmaker is thought to be open to a return to the Premier League, but it’s unlikely to be with his former club.ADVERTISEMENTArsenal are thought to be among the favourites to land Coutinho – who scored twice in the Champions League quarter-finals against current club Barcelona – and Barnes suspects that would be the best move for him.AdvertisementAdvertisement‘It is an exciting watch with what is going to happen with Philippe Coutinho this summer, they are many teams that are wanting to sign him,’ Barnes told BonusCodeBets ahead of Bayern’s semi-final clash with Lyon. Metro Sport ReporterWednesday 19 Aug 2020 3:47 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.4kShares Advertisement
Governor Wolf’s Budget Aims to Bolster Economy, Workforce through Education, Skills Training February 06, 2018 Budget News, Economy, Education, Government That Works, Press Release, Remarks, Severance Tax, Substance Use Disorder, Workforce Development Harrisburg, PA – Governor Tom Wolf today laid out an ambitious plan to ensure Pennsylvania’s workforce has the skills and education to succeed in 21st century jobs as the commonwealth’s economy continues to grow. The proposal includes the first major investment in workforce development and skills training, including dedicated funding for STEM and computer science education.In his 2018-19 budget address, Governor Wolf asked the Republican-led General Assembly to pass a modest, commonsense severance tax that would help ensure all Pennsylvanians benefit from the prosperity of the resources under their feet.“Let’s understand exactly what a severance tax is,” Governor Wolf said. “It’s a tax paid by people mostly outside of Pennsylvania to use our natural resources. And by failing to put in place this commonsense tax, we’re paying other states’ taxes – when we fill up our cars, or heat our homes – we’re paying for Alaska’s schools and Texas’ roads. I don’t know about you, but I don’t remember getting a thank you note from anyone in Alaska or Texas.“That could be us, too. Pennsylvania is blowing most other states out of the water when it comes to production. And by joining every other gas-producing state and passing a severance tax, we could also join them by bringing billions into our own coffers. Ask these oil and gas behemoths to pay their fair share for extracting Pennsylvania’s bountiful resources, and we can build a brighter future for Pennsylvania.”The governor’s budget proposal continues investments in education and workforce development by providing an additional $225 million to improve education for every student across the state, regardless of ZIP code, and ensures a workforce ready for the 21st century, including $100 million for basic education funding, $20 million for special education, $30 million for Pre-K Counts, $10 million for Head Start, and $15 million for the Pennsylvania State System of Higher Education.The proposal includes $50 million for career and technical education, including $40 million for PAsmart, a new initiative to strengthen workforce efforts at multiple state agencies by aligning those agencies’ work with K-12 and higher education.“Developing a workforce that can compete and win in the 21st-century economy is the single best way to help Pennsylvania businesses grow – and attract new businesses to our commonwealth,” Governor Wolf said. “It’s also the single best thing we can do to help more of our people find better jobs – not just tomorrow, but today.“Indeed, these aren’t just jobs, but careers – everything from welding and machining to coding and advanced manufacturing – careers that can sustain families and enrich communities.”The proposed 2018-19 budget builds on efficiencies realized in last year’s budget, including a commitment to consolidating the Department of Health and the Department of Human Services into one Department of Health and Human Services.“By creating one health and human services agency, we will be able to provide care and assistance to Pennsylvanians in a more simplified, cost-effective manner that builds on shared-services delivery initiatives already implemented and ensures that all receive high-quality services and supports,” Governor Wolf said.Governor Wolf also proposed additional new funding to reduce waiting lists for child care assistance and services for those with autism and intellectual disabilities, and significant new funding to bolster home and community-based care for seniors.The budget continues to support Pennsylvania’s fight against the opioid crisis by expanding access to substance use disorder treatment, prevention and education to ensure those suffering from this disease are steered into appropriate treatment and recovery.Pennsylvanians can find out more about Governor Wolf’s budget at budget.pa.gov.The transcript of the budget address as prepared is available below and here. View full text of Governor Wolf’s remarks as prepared below:“Lieutenant Governor Stack, Speaker Turzai, President Scarnati. . . Leader Corman, Leader Costa, Leader Reed, Leader Dermody. . . Members of the General Assembly, invited guests, friends and family. . . And, most importantly, my fellow Pennsylvanians:Before I begin I want to take a moment to congratulate the Philadelphia Eagles, the city of Philadelphia, and all of Pennsylvania. I know, just like we’re sometimes split between parties, we’re also split between Eagles and Steelers here in the Commonwealth.But we’re all fans of Pennsylvania and the Eagles and their devoted fans deserve this moment and we should all be happy to share it. And now we have seven Super Bowl trophies in Pennsylvania. That’s something we can all be proud of.So fly, Eagles, fly. Just like many of us have so much pride in the Eagles, the story of our Commonwealth has always been a story about pride. We Pennsylvanians have always been proud of the work we do. Proud of the industries we’ve built. Proud of the communities we grow up in, and raise our kids in. Proud of the traditions we pass down through the generations.But, by the time I took this office three years ago, the economy had changed – and the Commonwealth we love was headed in the wrong direction.When I stood outside this building on that Tuesday afternoon and took the oath of office as Pennsylvania’s Governor, I talked about what made our Commonwealth a place we are all so proud to be from.A place where we build things. A place where you can find work that puts food on the table and allows you to save up for college or retirement. A place where you can watch your kids grow up and find jobs of their own – maybe even start their own business someday and sign the other side of the paycheck.I believed then, as I believe today, that the people of Pennsylvania have what it takes to restore those values and rebuild our prosperity. What was standing in our way wasn’t our work ethic or our entrepreneurial spirit, but a kind of political paralysis – a status quo in which, too often, politicians in Harrisburg simply couldn’t find a way to make the tough decisions and smart investments we would need to get back on track.So I promised that I would challenge that status quo here in Harrisburg. And that’s what I’ve tried to do for the last three years.Sometimes, that’s meant challenging this legislature to step out of its comfort zone. Sometimes, we’ve worked our way to compromise. Sometimes, I’ve been forced to move forward on my own.We still have a lot of work to do. By taking on the status quo here in Harrisburg, we’ve already begun to write a new story for our Commonwealth.Not a story about a past we’ll never get back. But a story about a brighter future we can build together – if we can muster up the political will to do it.So today, I’m here to challenge you to join me in writing the next chapter of that proud storyWhere else could the story of Pennsylvania’s future begin than in our schools?Long before I was Governor, I was a parent who knew that nothing is more important than being able to give your child the opportunity that comes with a great education. I was also a business owner who knew that nothing is more important than being able to find qualified employees.And so I knew that we couldn’t bring back our economy until we brought back our public education system. I knew that businesses would not invest in Pennsylvania until Pennsylvania invested in its schools.That’s why the first thing I did when I got to Harrisburg was to draw a line in the sand on education. Over the last three years, we’ve invested in our schools and reversed the billion dollars in cuts that were made under the previous administration, cuts that led to larger class sizes, mass layoffs of educators, and cuts to programs like full-day kindergarten.And we’ve already begun to see those investments pay off.Today, we have nearly 100,000 students enrolled in full-day kindergarten, and we’ve increased the number of kids able to attend pre-kindergarten by nearly half.Our high school graduation rate is more than 86 percent, making us a national leader. We’re second in the nation in STEM education, preparing our children for the jobs of tomorrow. And we’ve increased the number of career and technical education students earning industry-recognized certificates by nearly 33 percent, preparing them for the jobs our employers are trying to fill right now.Rebuilding our schools is the beginning of rebuilding our economy – but it’s just the beginning.For three years now, we’ve been working to create more jobs that pay in every corner of our state. Since I took office, Pennsylvania has gained nearly 180,000 jobs. And in the last year, we led our region in job growth. Many of these jobs are from direct investment by the commonwealth. For example, the investments we’ve made in the Shell Cracker Plant, the port of Philadelphia, the online retailer in Paoli, and the steel plant in Johnstown are on pace to create more than 15,000 jobs. The workforce development partnerships we’ve forged are on pace to train thousands of workers for jobs that are sitting open right now. Over the last three years, we’ve repaired or rebuilt 1,600 bridges, and more than 18,000 miles of roadways. And over the next decade, we’re going to invest $2 billion more in rebuilding roads, highways, and bridges across our Commonwealth so that our people can get to work and our products can get to market. It is for these reasons that I think a company like Amazon is considering Philadelphia or Pittsburgh as the location of its second headquarters. Businesses don’t invest in states that don’t invest in education, infrastructure or job training. We’re doing all of these things, and I am hopeful Amazon will come here, build here, and expand here.Meanwhile, we’ve also gotten rid of burdensome taxes like the Capital Stock and Franchise Tax, cut red tape that made it harder to build a small business, and streamlined the services we offer so that our government can be an ally, not an obstacle, for entrepreneurs looking to get started right here in Pennsylvania.In fact, this week, we followed through on a promise I made last year by launching a one-stop shop for businesses and business owners to access state services. There’s more to do, from expanding access to the internet to every corner of the Commonwealth to a new workforce program called PA Smart that will consolidate our workforce development efforts into another one-stop shop.And speaking of our workforce, in this year’s budget, I’m proposing another major step forward: a significant investment in career and technical education to help make Pennsylvania a better place to learn, a better place to work – and a better place to do business.Developing a workforce that can compete and win in the 21st-century economy is the single best way to help Pennsylvania businesses grow – and attract new businesses to our Commonwealth.It’s also the single best thing we can do to help more of our people find better jobs – not just tomorrow, but today.Indeed, these aren’t just jobs, but careers – everything from welding and machining to coding and advanced manufacturing – careers that can sustain families and enrich communities. And these careers aren’t reserved for people with four-year degrees. Anyone in our state who’s willing to put in an honest day’s work deserves a shot to make a good living – and by investing in these programs, we can give them a chance to gain the skills they need to do it.For example, at LCR Embedded Systems in Norristown, there’s a man named Michael Rosenberger – who is here today – who works on the manufacturing line, servicing a major contract. Eight years ago, he would never have expected to be in that high-level advanced manufacturing position. He didn’t have a college degree, and he was working at the plant as a janitor.But Michael was a great employee – a smart guy who took the work he did to heart, no matter what it was. And he wanted to do more than just collect a paycheck. He wanted to build a career making things right here in Pennsylvania. So, thanks to a workforce training program through the Department of Community and Economic Development, he was able to get additional training at Montgomery County Community College.With his new skills, he was able to move up to the assembly floor. And then he got promoted again, to the machine shop. Here’s a guy who had had no formal experience in machine shop work until he got this additional training – and, now, he’s the head of the entire machine shop at LCR, and a role model to his fellow employees. Michael’s making more money – and making an even greater contribution, not just to his family and his employer, but to his community.There should be a place in Pennsylvania’s future for people like Michael.There should be a place in Pennsylvania’s future for anyone willing to work hard to make a better life – and I hope you’re ready to work with me to make that happen.I’m hopeful because, over the last three years, we’ve begun to see progress in changing the way things work around here. But I’m also well aware that, sometimes, progress doesn’t come without a push.When I took office as Governor, I knew that I had to set a new tone here in Harrisburg. That’s why I banned anyone in my administration from taking gifts from lobbyists, I got rid of pay-to-play contracting, I refused to take a salary or a pension, and I paid for my own health insurance.But the people of Pennsylvania had a right to expect much more from their government. Even though they elected a Democratic Governor and a Republican legislature, they expected all of us to find ways to work together for Pennsylvania – and they expected us to deliver results.Now, it has always been, and will always be, my preference to work with the legislature. When we’ve found ways to do that, we’ve been able to get a lot done for the people of Pennsylvania.That’s how we expanded our response to the opioid crisis, arming law enforcement with the tools they need to fight this epidemic on the front lines and helping thousands of people struggling with addiction get access to the treatment that could save their lives. Working together, we’ve reduced the prison population, while lowering Pennsylvania’s crime rates. Despite this, our cities still face issues of violence, and we need to work together – legislators, the administration, and Attorney General Shapiro – to make our cities and communities safer so violence is never an obstacle to opportunity. Working together is how we enacted a fair funding formula in our education system that takes politics out of school funding and makes sure that your zip code doesn’t determine what kind of education you can get.That’s how we solved one of the thorniest problems in Harrisburg – reforming our pension system in a way that’s fair to our workers and fair to our taxpayers, so we can stop wasting so much money on Wall Street fees, meet our obligations, and start paying down our debt.That’s how we finally made medical marijuana legal so that patients in our state can get access to the medicine they need to live without pain.And that’s how, at long, long last, we reformed our liquor system. And when some in the legislature haven’t mustered up the political will to work with me, I have no problem doing the work on my own. Whether it’s expanding Medicaid to cover 715,000 Pennsylvanians, and cutting our uninsured rate to the lowest it’s ever been, expanding opportunities for seniors to stay in their homes while they get the care they need as they age, or streamlining agencies in state government, I have done things on my own to help the people of Pennsylvania.But Harrisburg works better – Pennsylvania works better – when we work together to make it work for everyone.When it comes to this year’s budget, working together will be easier than in years past, because, after decades of neglect and years of crisis, we have finally begun to tame the fiscal beast that haunts Harrisburg.No one here needs reminding that Harrisburg’s chronic inability to deal with that crisis has long been the most visible symbol of what’s wrong with our state’s government. And I’m proud that we’ve begun to change that story.Some of the work, I’ve been able to do from the Governor’s office. Taking a business owner’s approach to our budget, we were able to tighten our belts, cutting $2 billion by streamlining our bureaucracy and saving Pennsylvanians another $700 million by cracking down on fraud and abuse.Some of the work, we’ve been able to do together, like making full pension payments, reforming our criminal justice system to reduce our prison population, and lowering health care costs.And because we’ve begun to take a new approach to our budget, I can come before you today with a budget that makes the investments we need to continue our progress without any tax increases on Pennsylvania families. I’m going to keep doing whatever I can to reduce costs and streamline government. But we can do so much more to improve our fiscal future if we work together. And that brings us to the severance tax.Pennsylvania is one of the few states fortunate enough to have abundant natural gas resources. And yet we are the only one of those states without a severance tax.Everywhere else – Texas, Oklahoma, Louisiana, Alaska – they’re bringing in billions of dollars from the oil and gas industries. That money’s going to fix roads, build schools, and keep taxes low.And let’s understand exactly what a severance tax is. It’s a tax paid by people mostly outside of Pennsylvania to use our natural resources. And by failing to put in place this commonsense tax, we’re actually just paying other states’ taxes – when we fill up our cars, or heat our homes – we’re paying for Alaska’s schools and Texas’ roads. I don’t know about you, but I don’t remember getting a thank you note from anyone in Alaska or Texas. Pennsylvania is blowing most other states out of the water when it comes to production. And by joining every other gas-producing state and passing a severance tax, we could also join them by bringing billions into our own coffers. Ask these oil and gas behemoths to pay their fair share for extracting Pennsylvania’s bountiful resources, and we can build a brighter future for Pennsylvania.Folks: This is only hard if politicians choose to make it hard.So why isn’t it done? Well, the truth is, as rich as our Commonwealth is in some natural resources, special interests have put political courage in short supply.Look, I get it. The oil and gas industry, they’re powerful.But in the time I’ve been here, I’ve seen people in this legislature – even people I disagree with about pretty much everything – set politics aside to do what’s right.I believe you have it in you to do it again. Pennsylvania is counting on you to do it again.So, today, I’m not just asking you, but challenging you, to do the right thing and pass a severance tax this year – so we can keep making the investments that will grow our economy, keep making progress on the issues Pennsylvanians care about, and keep writing the proud story of a brighter future for our Commonwealth.After all, the Pennsylvania we all are so proud of – the place where you could work hard and earn a good living, raise your family in a strong community, watch your kids find opportunity of their own – it wasn’t magically bestowed upon us. It was built, by generations of people who did hard things, together. Now it’s our turn.It’s our turn to make the tough decisions with courage and conviction.It’s our turn to invest in new technologies, inspire new discoveries, and incubate new industries.It’s our turn to build a stronger and fairer economy; healthier and safer communities; and new opportunities for the next generation.It’s our turn to finish writing the next chapter in the story of this great Commonwealth.I have never been more proud to be a Pennsylvanian. I have never been more confident of our people. I have never been more hopeful of our future.And if you feel the same way, consider this budget proposal an invitation to join me in building that future, together.Thank you.” SHARE Email Facebook Twitter
The founder of the Transparency Task Force (TTF) has demanded a public apology from the UK asset management trade body over a “misleading and offensive” press release about cost transparency.In an email to Investment Association (IA) chief executive Chris Cummings – also copied to the chief of the UK financial regulator and prime minister Theresa May – Andy Agathangelou said the trade body should “take action and admit that it has been completely wrong about hidden fees for a long, long time”.The dispute dates back to a press release from the IA in 2016, which argued that accusations of hidden fees in asset management were unfounded. The release referred to hidden fees as “the Loch Ness Monster of investments”.Agathangelou, founding chair of the TTF, which campaigns for cost transparency, wrote to Cummings after the pair appeared on a BBC radio programme about investment fund transparency last night. Agathangelou wrote: “In light of the admission you made in yesterday’s programme and in light of the fact that MiFID II has now completely disproven the assertion that there is no evidence of hidden fees… I believe that now is the right time for the Investment Association to take action and admit that it has been completely wrong about hidden fees for a long, long time.”According to research published earlier this week by Scottish consultancy The Lang Cat, newly disclosed transaction costs under MiFID II showed fund fees for some of the most popular UK funds were significantly higher than previously indicated. The difference ranged from a few basis points to 85%; the sample size was 20 funds.In the BBC radio programme, the IA chief executive said the language used by the industry association in the 2016 press release was “regrettable”, but added: “That decision was taken before I arrived and there is nothing I can do to change that.”Cummings later agreed that “100% of [IA] members are 100% behind full transparency of costs and charges”.Speaking to IPE shortly after the Loch Ness Monster press release was published, the IA’s then-chair Helena Morrissey said the association had “inadvertently but understandably upset people”.Responding today to Agathangelou’s message, the IA said: “The Investment Association is now under new leadership and is wholly focused on delivering on the issues that consumers and our industry care about, such as providing full transparency on costs and charges.“A successful example of our work in this area to date includes developing a new cost disclosure template with the Local Government Pension Scheme Advisory Board as part its Code of Transparency, which was successfully implemented last year.”“We are also working closely and productively with transparency campaigner Chris Sier as part of his role as chair of the FCA’s independent working group, to design a new template on cost disclosure which will be rolled out later this year. The group has made excellent progress on this initiative so far and the results will be consulted upon soon.”
Tweet Share Share 523 Views no discussions EntertainmentLifestyleLocalNewsTravel WINAIR commits to additional flights for WCMF by: – September 9, 2014 Share Sharing is caring! Windward Island Airways International (WINAIR) has given a commitment that it will schedule additional flights to Dominica to accommodate patrons for the 18th World Creole Music Festival (WCMF).Marketing executive for Festival, Leroy ‘Wadix’ Charles announced at a press conference on Tuesday, September 9, 2014 that the Dominica Festivals Committee (DFC) has gotten the commitment from the airline that it will increase its flights to the island if necessary.“They have told us in no uncertain terms, as long as the scheduled flights are booked they are willing to increase and this is special to us because we know our limitations in terms of air access,” he said.Charles informed that WINAIR has also organized special fares to Dominica which is expected to attract more visitors to the island.“They have special fares as we speak, cheapest is around less than three hundred US dollars to Dominica return and they have also embarked on a fare from Guadeloupe to Dominica which is very comfortable,” he said.He noted that the special fare is also “very competitive” considering the available fares via boat to Dominica.Meanwhile, telecommunications company Digicel, officially signed the contract for its sponsorship to the event.Digicel, which has been a gold sponsor for the WCMF for nine years, has this year contributed two hundred and fifty thousand dollars, towards the event.There is only seven weeks left before the actual staging of the World Creole Music Festival on October 24 – 26, 2014.The DFC is expected to announce the addition of another regional artiste on the line-up sometime next week.Dominica Vibes News