IFS questions Labour’s nationalisation plan for utilities

first_imgThe industries Labour is seeking to nationalise are highly regulated, the IFS said. Therefore, Kraftman asked “what nationalisation can achieve that changing the current regulatory frameworks cannot”. IFS questions Labour’s nationalisation plan for utilities “What the increase in debt does again show is the large scale of these nationalisations and therefore the large rewards from better management, but with it the significant cost of poor management,” the report said. whatsapp Labour has pledged to bring the train industry back under public control (AFP via Getty Images) Labour’s 2019 manifesto for the 12 December General Election pledges to bring rail, mail, water, energy and parts of the broadband network into public ownership. Share Yet it said: “Nationalisations on this scale in advanced western economies have been almost unheard of in the last half century.” A row erupted in October when the CBI said Labour’s nationalisation plans would cost £196bn, a figure which the party strongly disputed. The economic think tank also said the up-front costs of nationalisation were much less relevant than how well the assets would be managed by the public sector. Harry Robertson IFS research economist Lucy Kraftman said the plans “could lead to significant disruption which could easily, for example, lead to a hiatus in progress towards decarbonisation in the energy sector”. The IFS today said that although the utilities’ high debt levels would likely increase public sector net debt by more than £200bn, a focus on the costs is misplaced.center_img Tuesday 3 December 2019 3:19 pm whatsapp Shadow chancellor John McDonnell said: “Arguing for sticking-to-regulation approach, after years of its failure, is a nakedly ideological stance and one at odds with all the evidence.” He said nationalisation would “enable us to speed up the transition to a sustainable economy”. Read more: Tory and Labour spending plans not credible, says IFS The IFS’s report pointed out that “UK state control in some of these industries is currently low relative to that in many other European countries”. The Institute for Fiscal Studies (IFS) has questioned Labour’s plans to renationalise swaths of the economy, suggesting that the party’s aims could be achieved by changing regulations instead. The think tank’s latest piece of analysis into the parties’ manifestos said there would be “enormous cost, complexity and risk involved” in nationalising the industries targeted by Labour. Read more: Labour to cut rail fares and create London-style ticketing for UK Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateUndolast_img read more

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Angel CoFund rebrands as it launches new £30m ‘fast-track’ fund

first_img Tim Mills, Managing Partner; Paul Fauset, Partner; Sam Fennell, Partner; George Whitehead, Partner. Angel CoFund rebrands as it launches new £30m ‘fast-track’ fund With the size of funding rounds reaching record levels Mills thinks there is a “greater inclination to pile into companies that are already well funded”.  whatsapp Show Comments ▼ whatsapp Tim Mills, Managing Partner; Paul Fauset, Partner; Sam Fennell, Partner; George Whitehead, Partner. Also Read: Angel CoFund rebrands as it launches new £30m ‘fast-track’ fund Tim Mills, Managing Partner; Paul Fauset, Partner; Sam Fennell, Partner; George Whitehead, Partner. Also Read: Angel CoFund rebrands as it launches new £30m ‘fast-track’ fund Tuesday 26 January 2021 10:48 am Angel CoFund has rebranded to ACF Investors as it launches a new £30m fund for early-stage UK businesses as angel activity drops off. The firm’s first fund will continue to operate under the name Angel CoFund and wil continue to invest alongside angel syndicates in funding rounds greater than £200,000.  “There’s more capital than perhaps there has ever been, but most of that’s weighted to the later stages… we’ve seen a big drop off in angel activity.” center_img “We have developed the Delta Fund to match the maturity of the UK angel investment ecosystem. The Delta Fund will provide access to more capital with reduced process from us,” Mills said.  The firm has a vast portfolio of companies across sectors and its new Delta fund will not be locked into a fund mandate. Mills told City A.M. the healthcare and life sciences sector would remain a “core pillar” and a healthcare investment is already in the pipeline from the new fund.  Speaking to City A.M., managing partner Tim Mills said the fund had been driven primarily by the reduced supply of capital at the earlier stages.  That’s where its new “fast-track” Delta Fund comes in. Initially a £30m fund, Delta will see ACF Investors invest alongside at least three angel investors who are new to the business.  Angharad Carrick The VC firm, which is in its tenth year, makes equity investments of between £100,000 and £1m in the UK’s smaller businesses and invests alongside angel investors.  This will include at least one lead angel with “demonstrable sector expertise” who has committed more than £70,000 to the round.  Share “It hasn’t been easy to get many of these businesses off the ground but the market is catching up with those opportunities and we expect to do more. We see some of our portfolio companies which we invested in a few years ago now starting to fly,” Mills said.  Similarly there will be a renewed focus from ACF Investors on greentech particularly as the peak of the pandemic passes.  Tags: venture capitallast_img read more

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New study suggests dental therapists improving oral health in YK Delta

first_imgAlaska Native Corporations | Family | Health | SouthwestNew study suggests dental therapists improving oral health in YK DeltaAugust 22, 2017 by Anna Rose MacArthur, KDLG-Dillingham Share:Dental health aide therapist Renee Cheek shows a patient how to brush his teeth at the Emmonak YKHC Sub-Regional Clinic. (Photo courtesy Yukon-Kuskokwim Health Corporation)Dental health aide therapist Bonnie Johnson examining a child’s teeth in the Emmonak YKHC Sub-Regional Clinic. (Photo courtesy Yukon-Kuskokwim Health Corporation)12 read more

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The Best Things to Do This Week in L.A.

first_imgThings to DoThe Best Things to Do This Week in L.A.Everything Is Terrible, Black Fire Sessions at the Broad, and moreBy Brittany Martin – August 12, 201914186ShareEmailFacebookTwitterPinterestReddItWelcome to a new week, full of new opportunities to enjoy all the music, film, and other fun things to do in Los Angeles.Apocalypse Now: Final Cut Screening with Francis Ford Coppola Monday, August 12https://www.instagram.com/p/B05e_OShSdm/Apocalypse Now debuted 40 years ago, and now filmmaker Francis Ford Coppola and star Laurence Fishburne are reuniting for this special anniversary screening at the Cinerama Dome. The print they’ll show is a freshly restored version, made directly from the original film negatives. Coppola and Fishburne will take questions after the film.Everything’s Coming Up Barbara Tuesday, August 13https://www.instagram.com/p/BwprqH1ByYr/One-woman shows by Broadway grande dames like Elaine Stritch and Liza Minelli are practically a theater genre unto themselves. In Everything’s Coming Up Barbara, Groundlings vet Leah Sprecher pokes a bit of fun at the concept, staging an “autobiographical” show as the fictional Barbara Cook, a woman full of wild backstage stories.The Black Fire Sessions at the BroadWednesday, August 14https://www.instagram.com/p/B06YvwrlA1T/Snag tickets for the final Black Fire Session, an immersive live performance event staged as part of the Broad’s current exhibition, Soul of a Nation, which closes soon. The night’s talent includes Anthony Braxton and Jacqueline Kerrod, Kelsey Lu, Beans, Jimetta Rose, and Maurice Harris.Everything Is Terrible!Thursday, August 15Everything Is Terrible! recently opened a IRL storefront in L.A., and now the found footage collective brings its experimental humor to the stage at the Regent Theater in DTLA. Be sure to arrive early to snag a good seat!Club Heartbreak with Mark RonsonThursday, August 15https://www.instagram.com/p/By9uOybg3yi/“Enjoy. Dance. Cry. Do your thing.” is the motto of Mark Ronson’s Club Heartbreak, a celebration of sad bangers. Tonight, the party takes over Catch One, featuring sets by the Uptown Funk-ster himself, along with a bevy of friends and guests.The Hip-Hop Way of LifeFriday, August 16https://www.instagram.com/p/B07MAAKnGC7/This panel discussion brings together a group of people who identify as part of hip-hop culture–even though none of them are rappers themselves. Artist Mister Cartoon, b-girl Asia One, and streetwear designer Eli Bonerz talk about what the community means to them. The event is presented in conjunction with Contact High: A Visual History of Hip-Hop, currently on view at the Annenberg Space for Photography.RELATED: The Ultimate Guide to 2019’s Outdoor Movie ScreeningsStay on top of the latest in L.A. food and culture. Sign up for our newsletters today. TAGSComedyFilmMusicTheaterPrevious articleUniversal Postpones “The Hunt”—But Will There Ever Be a Good Time for It?Next articleAfter a Decade, Will Gustavo Dudamel Stay at the L.A. Phil or Leave on a High Note?Brittany Martin RELATED ARTICLESMORE FROM AUTHORHollywood Is Embracing a Post-Vax Slate Made to Fill TheatersSong Catalogs Are Selling for Big Bucks, but Will the Trend End on a Bum Note?Young Filmmakers Set Out to Capture the Complexity of L.A. and the Results Are Beautifullast_img read more

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News / Airfreight sector confidence gets a lift as 2016 ends with healthy growth

first_imgIncheon’s positive volume growth was also mirrored across Korea’s airfreight sector, leading Ms Ward-Muphy to suggest any weakness felt by the country’s shipping sector was likely an overhang from the Hanjin bankruptcy rather than economic issues.In Europe, ASR reported record growth of 5.4% in airfreight in October.However, November saw growth drop back – albeit aided by the pilot strike in Germany – but at the same time, Spain recorded a fourth consecutive month of 13% growth, which Ms Ward-Murphy said added weight to the idea that last year’s momentum would continue.December figures from Drewry indicate a more muted success, with British Airways and Lufthansa reporting month-on-month declines of 3% and 4%, though both recorded year-on-year growth over 2015 of 5% and 8% respectively.Similarly, European airports recorded year-on-year growth in volumes, with Amsterdam up 10% on December 2015, while Frankfurt was up 8% and Heathrow rose by 5%.However, Drewry noted that rates had fallen 6% in December compared with November, marking the first drop in rates since May – but even here there was a note of optimism.“As December traditionally sees a drop off in rates the latest slide was not unexpected,” said Drewry. “It is testament to the growing strength of the market, that the rate decrease from November to December was smallest of its kind since 2012.“We expect to see a further seasonal decrease to the index in January, once again smaller than usual.”Both Drewry and ASR noted a flat market in the US, although Delta was the only carrier to see volumes decline, with a 3% drop.Ms Ward-Murphy said the purchasing index for January remained positive, but with little data expected from China between now and February it was difficult to give a full assessment. However, she expects a positive first half performance.“Whether we see 10% growth until June remains to be seen, but the base level from last year is poor. Furthermore, there is the boost from China and businesses seem to be getting more confident about Trump,” she said.But she also cautioned that the US posed a potentially massive threat.“I don’t know how it will play out, but it doesn’t seem as if he [Trump] has thought through the massive cost increases US consumers will face if he begins imposing tariffs.“But with Asia showing the first signs of growth in June that led to this run of good form, I would say look to there as a bellwether for any potential slowdown,” she said. Airfreight will remain strong for the first half of 2017, bolstered by Chinese fiscal stimulus and US business optimism over President Trump’s pledges to reduce regulation and taxes.Absolute Strategy Research’s (ASR) global equity strategist, Zahra Ward-Murphy, told The Loadstar airfreight volumes in Asia were growing at around 10% and she expected this to be reflected in December’s numbers.“There is a reported pick-up in airfreight confidence,” said Ms Ward-Murphy. “The International Air Transport Association (IATA) says this is a lot to do with carriers improving efficiency.”Drewry also reported a healthy growth in Asian volumes in December, with Air China up 11%, Cathay Pacific up 10%, China Airlines up 13%, China Southern up 14%, EVA up 9% and Singapore Airlines up 10%; volumes at Hong Kong Airport and Incheon Airport were also up by 10% and 11%, respectively. By Alexander Whiteman 25/01/2017center_img © Eric Gevaert | Dreamstime.com – Loading cargolast_img read more

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Blake Goldring announces transition to executive chairman at AGF

first_img Facebook LinkedIn Twitter Leadership corporate hierarchy recruiter team leader employee selection new job jirsak/123RF TD getting new head of private wealth, financial planning Blake Goldring will be making a transition from chairman and CEO of Toronto-based AGF Management Ltd. to a new role as executive chairman, the investment fund company announced Wednesday.Kevin McCreadie, president and chief investment officer, has been named as his successor. Judy Goldring, executive vice president and chief operating officer, has been named to president and chief administration officer. Both appointments are effective Dec. 1. Share this article and your comments with peers on social media CETFA elects new board leader Keywords AppointmentsCompanies AGF Management Ltd. Related news Anne-Marie Vettorel “It is my personal belief that leadership renewal is a hallmark of great organizations, especially one that has the deep bench strength that we do at AGF,” Goldring says in a statement. “I also get enormous satisfaction knowing that the firm is positioned for success based on my strategic decisions and AGF team efforts spanning just over 20 years.”“Kevin is ideally suited to lead the new AGF given his extensive experience in investment management and his past four years of dedicated and proven leadership with AGF,” Goldring adds.“Critical to [McCreadie’s] success was a multi-year onboarding plan to fully integrate into the culture at AGF while balancing the need to reorient the team for future success,” says Wayne Squibb, the AGF board’s lead director, in a statement. “Given Kevin’s track record in firmly establishing disciplined processes to deliver consistent results we are confident in him as a natural successor to Blake.”“I am honoured to be appointed CEO for AGF at such a dynamic time for our company and industry. We are experiencing unprecedented and rapidly changing client and market environments,” McCreadie says in a statement. “I look forward to building on the momentum AGF is experiencing today while continuing to focus on strengthening our investment management capabilities and global reach, and driving growth and profitability throughout the business to deliver long-term value for our clients and shareholders.”Separately, AGF announced  that its assets under management for the third quarter (Q3 2018) ended Aug. 31 increased 11% to $38.8 billion year-over-year. Income for Q3 2018 was $116.5 million, compared to $110.3 million in Q3 2017. PenderFund names new SVP for investmentslast_img read more

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Securities class action reform should be a New Year priority

first_imgSecurities class action reform should be a New Year priority The Australian Institute of Company Directors (AICD) has backed calls by an influential Parliamentary Joint Committee for substantial reform to Australia’s securities class action settings. The Committee found that shareholder class actions are ‘generally economically inefficient and not in the public interest’ with shareholders in net terms no better off. AICD Managing Director and CEO, Angus Armour, said, “Australia has become a lucrative market for litigation funders capitalising on our strict liability disclosure settings to reap major financial rewards. We welcome the Committee’s finding that reform is needed to re-balance the no-fault disclosure laws driving the outcomes. “These changes do not equate to a ‘watering down’ of disclosure requirements. The reckless or negligent director, and the individual who knew that disclosing information would affect the share price and said nothing, is still on the hook and they should be.” “Rebuilding the economy post-COVID will require an environment that encourages investment and risk-taking while building business and market confidence. Australia’s current securities class action regime works against these goals,” Mr Armour said. “Our securities class actions settings are out of step with comparable jurisdictions and encourage cases motivated by profit not public interest.” The AICD argued that the COVID-19 temporary move to re-introduce a fault element in continuous disclosure laws should become permanent, a view backed by the Committee. The AICD has also called for similar reform of misleading and deceptive disclosure thresholds contributing to securities class action claims. Such reforms would preserve Australia’s strong continuous disclosure rules and continue to hold accountable companies and boards that knowingly or recklessly breach them. The Committee has also recommended reforms to the broader class action and litigation funding market that would improve its operation and outcomes for claimants. “The AICD recognises the role that litigation funders can play in access to justice, especially in product liability, consumer protection and employment claims,” Mr Armour said. “But securities class actions are different – driven by funder returns rather than the interests of claimants, with adverse economic and market consequences. Legislative reform on securities class actions should be a new year priority for the Government.” /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:Australia, Australian, building, business, class action, coronavirus, director, employment, environment, Government, Investment, operation, outcomes, public interest, share price, shareholderslast_img read more

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Julia Black and Jill May reappointed to Prudential Regulation Committee

first_imgJulia Black and Jill May reappointed to Prudential Regulation Committee Julia Black will serve another three-year term, running from 30 November 2021 to 29 November 2024. Jill May will also serve another three-year term, running from 23 July 2021 to 22 July 2024.The Chancellor of the Exchequer, Rishi Sunak, said:Julia Black and Jill May have made important contributions to the work of the PRC over the course of their first terms. I am therefore very pleased to announce these reappointments, which will ensure the PRC continues to benefit from their expertise. /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:Government, regulation, running, UK, UK Governmentlast_img read more

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Biden-Harris Administration Has Launched an All-of-Government Effort to Address Colonial Pipeline Incident

first_imgBiden-Harris Administration Has Launched an All-of-Government Effort to Address Colonial Pipeline Incident The White HouseAction Update: May 11, 2021, 6:00 PM EDTThe recent cyberattack targeting the Colonial Pipeline has triggered a comprehensive federal response focused on securing critical energy supply chains. President Biden is receiving regular briefings on the incident and has directed agencies across the Federal Government to bring their resources to bear to help alleviate shortages where they are occurring. The Administration is focused on avoiding potential energy supply disruptions to impacted communities, the U.S. military, and other facilities reliant on gasoline, diesel, jet fuel and other refined petroleum products. The Administration is continually assessing the pipeline shutdown’s impact on the U.S. fuel supply, as well as what additional actions are available to mitigate the impact of the pipeline’s shutdown.Among other things, the Biden-Harris Administration has mobilized a robust federal response:Established an interagency response group to monitor and address the situation as swiftly as possible and ensure a continuing flow of fuel to affected communities. In response to the Colonial Pipeline cyberattack, the White House has convened an interagency response group consisting of the Department of Justice (including the FBI), the Department of Homeland Security (DHS) including the Cybersecurity and Infrastructure Security Agency (CISA), the Department of Energy (DOE), the Department of Defense (DOD), the Department of Transportation (DOT), the Department of the Treasury, the Federal Energy Regulatory Commission, the Environmental Protection Agency (EPA), and the White House Office of Management and Budget. The group regularly meets to assess the attack’s impacts on fuel supply and U.S. energy markets, and assess policy options. As part of the working group, and at the White House’s request, DOE’s Office of Cybersecurity, Energy Security, and Emergency Response and the U.S. Energy Information Administration have conducted thorough analysis of potential impacts of the shutdown and assessed various options for mitigating those effects, including moving supplies by trucks or marine vessels. DOE, the FBI, and other working group members are working directly with the pipeline operator to provide any assistance they need to safely restart operation.Issued a targeted, one-week waiver allowing multiple states to temporarily use noncompliant fuel in an effort to boost available supply. EPA and DOE evaluated the implications of the ransomware attack and determined that extreme and unusual fuel supply circumstances exist. In response, EPA Administrator Michael Reagan temporarily waived the federal Reid vapor pressure requirements for fuel sold in Reformulated Gasoline areas of District of Columbia, Maryland, Pennsylvania, and Virginia. The EPA stands ready to issue waivers for other affected states expeditiously whenever those requests are received. Granting a temporary waiver will help increase supply of gasoline in the affected areas until normal supply to the region can be restored.Issued an “Hours of Service” waiver to provide greater flexibility to drivers transporting fuel. To ensure fuel continues to flow to impacted communities as quickly as possible, the Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) issued a temporary hours of service exemption providing greater flexibility to motor carriers and drivers transporting gasoline, diesel, jet fuel and other refined petroleum products. The waiver only applies to those transporting fuel to Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, West Virginia, and Virginia. The decision came after the U.S. Department of Transportation evaluated the current situation and determined that circumstances dictate providing industry flexibility. As DOT’s top priority is safety, FMCSA is working closely with state and industry partners to monitor driver work hours and conditions for the duration of the exemption.Launched an emergency effort to determine rail operators’ capacity to help transport fuel from ports inland and identify potential actions to enable this effort. The Federal Railroad Administration is actively canvassing rail operators across the country to assess whether they can temporarily assist in the transportation of fuel from coastal ports to inland communities.Supported state efforts to allow higher weight limits for tank trucks. North Carolina and Georgia issued waivers to allow higher weight limits for tank trucks, and DOT is working with the full list of potentially effected States to encourage this work, share information and best practices, and try to harmonize and align their efforts.Initiated a survey of Jones Act-qualified vessels to begin the process of evaluating what assets are available in the Jones Act fleet to carry petroleum products within the Gulf, and from the Gulf up the Eastern Seaboard. DOT’s Maritime Administration is determining whether there is sufficient capacity on Jones Act-qualified vessels to carry needed fuel and to determine if a waiver is warranted. Authority to receive requests for and to approve waivers to the Jones Act belongs to the Department of Homeland Security.Temporarily relaxed enforcement of pipeline operator qualification rules to allow for use of emergency personnel that maybe needed to assist in the partial manual return-to-service. DOT’s Pipeline and Hazardous Materials Safety Administration (PHMSA) recently determined that the emergency response effort may require service by pipeline personnel that may not fully meet federal operator qualification (OQ) and employment drug testing requirements. In light of the response and recovery efforts, PHMSA issued a notice advising Colonial Pipeline that it does not intend to take any enforcement action relating to noncompliance with operator qualification requirements arising from the use of personnel for pipeline activities related to the attack. This enforcement stay applies only to those areas where Colonial is faced with limited resources as a result of the impacts of the attack.Prepared to issue orders to direct Colonial Pipeline to prioritize fuel for destinations to address critical supply shortages. FERC is positioned to issue orders quickly, should a company shipping product on the pipeline request it, to direct the pipeline to temporarily provide preference or priority in the transportation of product to serve the areas with the greatest need.Conducted regular outreach to state and local officials, Members of Congress, and impacted companies and retailers. The Biden-Harris Administration is in regular contact with state and local governments, Members of Congress, retailers and companies in impacted sectors to assess the impact of the shutdown, offer emergency assistance, and gather feedback on next steps.Provided guidance on securing critical infrastructure. The FBI recently released a FLASH alert for critical infrastructure owners and operators with indicators of compromise and mitigation measures if infected. The FBI has identified the ransomware as the Darkside variant, a ransomware as a service variant, where criminal affiliates conduct attacks and then share the proceeds with the ransomware developers. This alert will help other critical infrastructure owners and operators respond swiftly if they are targeted in future attacks. CISA, in partnership with DOE, is also communicating with industry to provide guidance on securing critical infrastructure, sharing details about the ransomware attack, and discussing recommended measures to mitigate further incidents. And, the Administration is working to help private sector companies like Colonial enhance their cybersecurity through the Industrial Control Systems Cybersecurity initiative, a collaborative effort between DOE, CISA, and the electricity industry to strengthen cybersecurity standards. /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:Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Government, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, pennsylvania, South Carolina, Tennessee, United States, White Houselast_img read more

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Debt reduction and savings measures approved by Parliament

first_imgDebt reduction and savings measures approved by Parliament Treasurer and Minister for Investment The Honourable Cameron DickQueensland Parliament has today passed a series of measures the underpin the Palaszczuk Government’s plan to reduce debt and achieve $3 billion in savings over four years.Treasurer and Minister for Investment Cameron Dick said the Debt Reduction and Savings Bill represented the latest step in the Government’s economic recovery strategy that is sustaining, supporting and creating jobs.“The reform measures included in this Bill are will ensure that we use every dollar of taxpayers’ money as prudently as possible, delivering the infrastructure and services Queenslanders deserve,” the Treasurer saidThe $3 million in direct savings that will be delivered by this bill are in addition to the $367 million in savings already announced in the 2020-21 State Budget.“Those savings were achieved through reductions in agency expenditure on travel, contractors and consultants, and other supplies and services.“Savings will continue to be achieved without cutting frontline services, without sacking public servants and without selling Queenslanders assets.”The Treasurer said a key component of the Debt Reduction and Savings Bill is to enable the restructuring of a number of public entities including:the integration of the operations of the Queensland Productivity Commission and Building Queensland into state government departments;transferring the operations and staff of the Public Safety Business Agency into frontline agencies – Queensland Police Service and Queensland Fire and Emergency Services; andreturning the functions of the National Injury Insurance Scheme in Queensland to the Insurance Commission.The Treasurer said Parliament had also approved changes that allow digital advertising to replace print advertising to ensure timely and responsive advice to the community. Importantly the Bill contains a series of key publication exemptions, including continued support for regional newspapers, matters relating to public health and safety and courts and tribunals.The Bill also introduces a fee unit model to streamline the annual process of indexing regulatory fees and includes provisions to enable the Queensland Titles Registry to be included in the Queensland Future Fund, through the Debt Retirement Fund.“The contribution of announced investments including the Titles Registry into the Debt Retirement Fund will improve our debt to revenue ratio when ratings agencies assess Queensland’s debt burden and credit rating,” the Treasurer said.“Investments in-scope for contribution to seed the Fund by 30 June 2021 also includes $1 billion from the Defined Benefit Fund and other investments. The defined benefit scheme remains fully funded and Queensland remains the only Australian state that has a fully funded defined benefit scheme.”The Treasurer said Parliament’s passing of the Debt Reduction and Savings Bill sends a strong signal to Queenslanders that the state’s public service in the post-COVID world will do things differently.“I know that is a challenge that our government is taking up. This Bill is another step in that direction. We are getting on with job of making Queensland’s assets work as hard as they can for Queenslanders.”The Bill passed despite being opposed by the LNP.“It’s clear that David Crisafulli has no interest in achieving sensible savings and responsible approaches to reducing debt, and that the LNP would rather undertake reckless cuts,” the Treasurer said. /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:Australia, Australian, Emergency Services, Fire and Emergency Services, Government, health and safety, infrastructure, insurance scheme, Investment, Palaszczuk, parliament, Productivity Commission, public health, QLD, Queensland, Queensland Fire, Queensland Police, retirementlast_img read more

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