Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo American Apparel founder Dov Charney fired from clothing brand for good American Apparel has finally said farewell to its founder and former chief executive Dov Charney, and appointed its first female chief executive in his place. The clothing brand first tried to push Charney out of the door back in June after an internal investigation found that his well-documented behavioural issues threatened to undermine the business. But after Charney, who has had a number of sexual harassment lawsuits filed against him, threatened to sue the company for what he called an “illegitimate” investigation, he was brought back as a “consultant” while an independent inquiry got to work. It came to pretty much the same conclusion: though Charney has never been found guilty of sexual harassment, his conduct is nevertheless bad for business. In the original findings it was alleged he had engaged in sexual harassment of company employees, misused company funds to both cover up his misdeeds and pay for personal expenses, and made racist remarks to his employees (among other unsavoury acts). The letter of termination told him: The resources American Apparel had to dedicate to defend the numerous lawsuits resulting from your conduct, and the loss of critical, qualified company employees as a result of your misconduct are also costs that cannot be overlooked. Indeed, many financing sources have refused to become involved with American Apparel as long as you remain involved with the Company. From 5 January, Charney will be replaced by Paula Schneider as chief executive. Schneider has a wealth of experience in working with global fashion brands including Warnaco, Gores Group and BCBG Max Azria. In commenting on Charney’s official dismissal, co-chairman of the board Allan Mayer said: “We’re pleased that what we set out to do last spring – namely, to ensure that American Apparel had the right leadership – has been accomplished.” Show Comments ▼ Joe Hall whatsapp Share whatsapp Wednesday 17 December 2014 6:54 am Tags: NULL
By Gavin van Marle 12/07/2017 A Singapore government initiative to reform customs procedures to make its massive port more attractive to shippers for transhipment has been criticised.A group of large multinational shippers claim it could aid the growing trade in counterfeit goods.In May, the government called for consultation on amending its customs act, which would allow Singapore’s customs authorities to allow shippers not to submit manifest data on shipments transhipped at its vast container and air cargo terminals.“This amendment helps Singapore Customs better manage the compliance requirements on freight companies, and preserves Singapore’s attractiveness as a transhipment [and] transit hub,” the proposal said. © Anekoho Last year, the International Chamber of Commerce launched its Business Action to Stop Counterfeiting And Piracy (BASCAP) group to combat the illegal trade in the maritime supply chain.And in a response to the call for consultation, BASCAP director William Dobson wrote: “While we welcome the move to improve enforcement and efficiency of Customs, our members are concerned that the proposed amendments allowing for the discretionary submission of shipping manifests will weaken Singapore’s ability to control the flow of counterfeit goods into Singapore and to prevent the transhipment of counterfeit and pirated goods through Singapore.“We understand that the further liberalised trade measures offered in the amendment are intended at intensifying Singapore’s attractiveness as a transhipment and transit hub; however, BASCAP views that the reduced levels of regulatory oversight proposed in the current amendment will increase the opportunities for organised criminal networks to use Singapore as a transit hub for their trade in illegal goods, including counterfeit and pirated products.“BASCAP believes that submission of manifest data and verification is a vital part for any risk-based assessment by Customs to guard against trade in counterfeit and pirated goods,” he added.The problem of counterfeit goods is potentially huge – not just to shippers of genuine goods, but to governments worldwide due to the loss of tax revenues. A report commissioned by BASCAP and the International Trademark Association concluded that the trade in counterfeit and pirated goods could reach $2.3trn by 2022, possibly threatening 5.4m jobs around the world.According to the OECD, the value of counterfeit goods in Singapore could be as high as $269.3m, and the port is especially vulnerable given its use as a transhipment hub by Chinese exporters that manufacture the majority of the world’s counterfeit goods.Mr Dobson added: “BASCAP views that the proposed amendment may enable organised criminal networks to facilitate the manufacture, reassembly, repackaging or re-labeling, and distribution of counterfeit goods through transit hubs in Singapore, including free-trade zones.“FTZs are easy targets for re-documenting shipments and hiding the origins, contents, and destinations of illicit goods. The move to eliminate the mandatory provision of manifest data will act as an additional advantage to criminal actors to turn these hubs into both laundering and distribution points for counterfeit goods.”Signatories to last year’s inaugural BASCAP declaration of intent include major shippers such as Unilever, Philip Morris and BP, as well as shipping lines Maersk and MSC and 3PLs Kuehne + Nagel and Expeditors.
ID 96678949 © Pressmaster | Dreamstime.com “With limited work for the past two to three months, many businesses will be facing a significant break in their cash flow in June and July, and furloughing has been, and will continue to be, a vital part of maintaining businesses solvency.”He also claimed the minimum furlough period of three weeks should also be shortened to one week to provide additional flexibility for employers:“Currently, employers must fully furlough workers for three weeks before any payments can be made, and any break in this pattern returns workers to a three-week cycle.“This prevents operators from using furloughed employees on a part-time basis, and is hampering the full return to work by limiting the number of workers available for businesses to use.“We believe the three-week cycle should be reduced to a single week, to give additional flexibility to accommodate peaks and troughs in business as the economy recovers.”And Mr Wells argued that the government needed to provide further clarity on the terms of the withdrawal of furlough payments.“It is unclear whether or not business will need to start paying for the non-working time of furloughed workers, and whether a top-up payment will be required if the percentage of wages paid by government is reduced.“Furloughing was intended to avoid a tidal wave of redundancies, but if logistics businesses must pay an increasing proportion of furloughing costs, the economy could be faced with exactly that scenario,” he said. By Gavin van Marle 21/05/2020 The UK’s Freight Transport Association (FTA) has warned that unless the government creates a more flexible furlough scheme sooner, the sector could face a wave of redundancies when the economy begins to recover.FTA chief executive David Wells said today: “The furloughing scheme has been a lifeline for logistics businesses across the country, many of which have suffered a dramatic loss of all revenue, thanks to the shutdown in a number of sectors.“But as the economy starts to return to normality, it is vital that accommodating part-time work by furloughed staff is included, to enable our member organisations to increase their revenue streams and reduce their reliance on payments from government.”Currently, the Treasury plan is to introduce part-time working into furloughing at the end of August. But Mr Wells argues it should be brought in at the end of this month.
@Pharmalot Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. What deadline? Most clinical trials are still not reported on time to federal database Adobe STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What is it? Log In | Learn More What’s included? [email protected] Ed Silverman Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Amid ongoing calls for greater clinical trial transparency, a new analysis finds just 40% of study results were reported to a U.S. database within a required one-year deadline, although sponsors did a better job of complying with several other mandates.For instance, 89% of nearly 8,900 trials were registered with ClinicalTrials.gov on a timely basis and registration data was verified annually in 76% of the studies. In addition, protocols and statistical analysis plans were submitted in nearly all of the trials, but only two-thirds indicated sponsors made timely requests to delay reporting the results. Tags clinical trialsdrug developmentSTAT+ By Ed Silverman May 25, 2021 Reprints Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED About the Author Reprints GET STARTED Pharmalot
Is Nuclear Peace with North Korea Possible? By Daily NK – 2014.06.04 2:27am Facebook Twitter Analysis & Opinion SHARE What do you suppose politicians fear themost? Stated alternatively, over what do those who have been invested withpower and the constitutional right to exercise it fret? What keeps ambitious,freedom-suppressing dictators up at night? The answer may lie in the “empathetic ability” of the people. Whenthe people over which they think they dominate and rule have empathy, politiciansshudder in fear.Politicians try to show that they, too,empathize with others. They are bound to obsess over appearances, reactingsensitively to rumors and public opinion. To cover up their lack ofempathy, they stage great theatrical performances. They pretend to love sports,live plebeian lives, worry about child education, and love culture. Occasionally,as a consequence of the tricks they play, politicians fail to cry when tears must be shed. An example of such atragedy occurred during the public apology for the apartment collapse inPyongyang.In South Korea, too, one can see thepolitical violence of tragedy and ignorance. Take, for instance, the SecondBattle of Yeonpyeong, which broke out at the height of the 2002 Korea-JapanWorld Cup. Six ROK naval officers died and 19 were injured. At the time,the Commander-in-Chief of the South Korean forces, President Kim Dae Jung, was at a soccerstadium, filled with the passion and excitement of the World Cup. His politicalposition was of a president enjoying theexcitement of the World Cup with his fellow citizens. Serious remarks, warningsand/or military responses to North Korea, or the forming of a national publicmemorial, could easily have grown troublesome. People shouldhave wept and been angry, but they were busy enjoying the World Cup instead. Thepresident did not offer his condolences or publicly lament the sacrifices ofthe officers who died protecting their country.The curse of June started that way.Politicians can more easily manipulate others when “empathetic ability” is lost. Instead of collectively grieving, there are short spurtsof anger, and we are ultimately left with nothing more than fleeting memories.Accidents can occur anywhere in the world, of course, and North Korea’s armed provocationsare like time-bombs. Politicians use these tragedies for their ownbenefit; they are like tradesmen calculating the gains and losses.You might even call them ignorant; certainly, they are unable to empathize with the citizens.June has come again, and theWorld Cup hype is gaining momentum once more, indicating that the pain of the Sewol maysoon dissipate. But Koreans remain trapped in a prison of cognitivedissonance, not knowing whether to laugh, cry, or be enraged.As it happens, the film NLL-Battle ofYeonpyeong, whose production fell briefly by the wayside, has picked back up.Even if the sacrifices of the Second Battle of Yeonpyeong are forgotten againthis June, I hope the film will still emerge. Though many Koreans may have mislaid their empathetic ability, a few could still find meaning in the curse of Juneand make an effort to understand its reverberations.NLL-Battle of Yeonpyeong is modeledafter the HBO original Band of Brothers, a multi-part series telling the storyof airborne troops behind enemy lines during World War II. There were manybehind the scenes stories during that production process. It was made with vivid testimony from actual war veterans, and AMVEST was aninvestor. The content featured in the series created a high-valuecultural industry, and raised the honor of war veterans everywhere.NLL-Battle of Yeonpyeong could alsobe a masterpiece. How the sacrifices of the naval officers are presented isthe key, I suppose. I just hope it makes people empathize with a forgotten sacrifice. RELATED ARTICLESMORE FROM AUTHOR Analysis & Opinion Daily NKQuestions or comments about this article? Contact us at [email protected] Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Pence Cartoon: “KOR-US Karaoke” Empathy and Sport in Curse of June Analysis & Opinion Analysis & Opinion
Fiona Collie Advisors need to get hesitant younger investors thinking small in order to ease their fears about the market, according to Jim Vlahos, senior vice president, division sales manager for Canada, Franklin Templeton Investments Corp. in Toronto. A recent survey completed by UBS Wealth Management Americas found that millennials are the most conservative generation since the Great Depression when it comes to investments. (See Investment Executive, Millennial investors scarred by financial crisis, January 27, 2013.) Vlahos finds that statistic unsurprising given the investment losses that many of the parents of millennials sustained during the financial crisis in 2008. “They heard their parents talk about the amount of money that they’d lost,” says Vlahos, “and, if they did sell at the time, how [their parents] didn’t have enough money left for education or trips.” In addition to fears of market volatility, many potential millennial investors don’t believe they have enough money to invest, says Vlahos. Furthermore, for many millennials, typical investment goals, such as retirement, seem too far off to consider seriously. To help ease these younger investors into the idea of regularly saving and investing their wealth, Vlavos suggests talking about coffee. Have clients consider how much they could save by simply forgoing a daily trip to the coffee shop and investing that money instead, says Vlahos. Says Vlahos: “It’s discipline, it’s habit – just like buying that two-dollar coffee.” Furthermore, by breaking their savings to an amount that’s easily spent on something like a coffee takes some of the fear out of the conversation, says Vlahos, because two dollars isn’t seen as a great risk. As well, advisors should make use of technology to educate this demographic about investments, says Vlahos, and to help them feel comfortable investing in products other than a money market fund or guaranteed investment certificates (GIC). “Millennial investors are hungry for information, ” he says, “and want to be engaged in the decision-making process.” Making use of social media platforms, such as LinkedIn and YouTube, he says, is an easy way to provide this technologically savvy generation with instant information. *** Correction: An earlier version of this story included an incorrect example on the possible returns of saving two dollars per day. We apologize for any inconvenience. Keywords Millennials, Correction Which campaign promises will make it into the federal budget? Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter The struggle really is real for young investors More than half of U.S. millennials actively contribute to retirement accounts: survey
Budget promises funding for national regulator effort The proposed approach to assessing the systemic risk created by investment funds could harm the industry and investors The financial industry has long pushed for national regulation in the securities industry, but the reality of the current effort to create the Cooperative Capital Markets Regulatory System (CCMRS) is sparking its share of concerns. Keywords National securities regulatorCompanies Investment Funds Institute of Canada The fund industry trade association, the Investment Funds Institute of Canada (IFIC), has released its submission commenting the draft of the Capital Markets Stability Act (CMSA) and Provincial Capital Markets Act (PCMA), which raises a number of issues with the proposals. Echoing the submission from the securities industry trade group, the Investment Industry Association of Canada (IIAC), the fund industry points out that its tough to comment on the proposed legislation (which is itself incomplete) without the corresponding rules that would be adopted by the new regulator; that the legislation doesn’t explain how the new authority will interface with the provinces that do not participate; and that the transition process is unclear. IIAC voices concerns about cooperative regulator In addition to that overriding concern, IFIC says that it also has “serious reservations” with the proposed approach to assessing the systemic risk created by investment funds. “The approach goes well beyond frameworks identified by other jurisdictions and international bodies,” it says. Ultimately, it warns that the proposed approach could harm the industry, investors, and the economy. “We believe that if it is adopted as proposed, the ill-defined and discretionary regulatory approach to systemic risk contemplated within the [draft legislation] could cause severe harm to investment funds and their managers, with attendant disruptive consequences for Canada’s retail investors, capital markets and economy,” IFIC says in its submission. For example, IFIC says that there is a lack of clarity when it comes to defining systemic risk, and other critical elements of the legislation. It also says that the proposed legislation contemplates “a complete reliance on regulatory discretion rather than an objective framework” for designating a firm, a fund, or a practice, as systemically risky. It also complains about a lack of clarity on the consequences of designating a source of systemic risk, and the process for objecting to that designation. “The proposed [legislation] relies too heavily on regulatory discretion and, as a result, will not deliver one of the fundamental benefits that it should: the reduction of risk in the market without regulatory intervention,” IFIC says in its submission. “In light of the vague definition of systemic risk and the absence of any objective process, economic models or metrics, the proposed approach means that a practice can be designated as systemically risky simply if the Capital Markets Regulatory Authority opines that it is,” notes IFIC president and CEO, Joanne De Laurentiis, in the group’s submission. The IFIC submission also argues that the draft legislation fails to recognize the features of investment funds that differentiate them from other market participants, such as banks. “Quite simply, mutual funds are beacons of stability within Canada’s capital markets, and should be viewed as dampeners rather than originators of systemic risk,” says De Laurentiis. Overall, IFIC says that its worried that flawed regulation could have serious unintended consequences. “We are deeply concerned about the potential costs and unintended consequences that poorly designed regulation could impose on issuers, investors, the capital markets and the Canadian economy,” it says. Yet, notwithstanding its concerns, IFIC also stresses that it still supports the effort to create a new cooperative regulatory model. CMRA does not violate constitution, Supreme Court rules Sparks fly between SRO leaders at IFIC conference Related news Share this article and your comments with peers on social media James Langton Facebook LinkedIn Twitter
Related news Women are more worried than men are about financing retirement, and are more likely to use financial advisors, suggests new research released Tuesday by the Ontario Securities Commission (OSC). The report from the regulator’s Investor Office details the results of a survey of Ontarians aged 45 and older on financial knowledge, attitudes, and behaviours towards retirement planning. Among other things, the research found a gender gap when it comes to the use of financial advisors. According to the survey, 45% of female respondents say that they need an advisor to help plan for retirement, and 69% are actually using an advisor. That compares with 39% of men who say that they need an advisor to plan, and 62% that actually use an advisor. Conversely, men are much more likely to go it alone when it comes to investing. The survey found that 32% of men say they use an online discount brokerage, compared with just 17% of women. Men are also much more likely to do their own investment research. The research also found a gap in how women and men view their financial knowledge. “Compared to men, women report that they are less knowledgeable and more stressed when it comes to retirement savings,” the report says. Indeed, just over half of men say that they have “good” or “excellent” financial knowledge, compared with just 27% of women. This gender gap in reported investment knowledge, “persists in all age groups,” the report says. Women are also more concerned about retirement, and are more worried about running out of money, it adds. Overall, the top financial concerns for survey respondents are retirement-related, “including having enough money for retirement, planning and saving for retirement, and maintaining a quality of life in retirement,” the report says. Beyond that, 13% of respondents also worry about funding their current expenses, 10% stress about their debt levels, and 9% are concerned about investment performance, growth and protecting capital. Amid these retirement worries, the report indicates that many Ontarians are planning to use their homes to help fund their retirements. The survey found that 37% of homeowners 45+ say “they are relying on the value of their home increasing to provide for their retirement.” “This approach to retirement planning can be sustainable so long as residential properties maintain or increase in value. However, to the extent Ontarians 45+ are overestimating their ability to finance their retirement using their homes, or if there is a downward pricing correction in Ontario’s housing market, a number of Ontarians 45+ may be at risk of not meeting their retirement savings goals,” the report warns. “The smaller the amount of investment savings, the more likely the pre-retiree is to rely on an increase in their home’ value to finance their retirement,” the report says. “Owning a home is not a substitute for retirement planning,” says Tyler Fleming, director of the OSC’s Investor Office, in a statement. The research was carried out for the OSC by Innovative Research Group Inc. The results are based on an online survey of 1,516 Ontarians, aged 45 and older, between May 9 and 16. The research will be used to support the development of its seniors strategy, the OSC says. Photo copyright: wavebreakmediamicro/123RF Earnings surge for Great-West Lifeco in Q4 James Langton Keywords Retirement, Value of adviceCompanies Ontario Securities Commission Snowbirds win legal battle to reinstate out-of-province medical coverage Survey finds Canadians aren’t sure how much they’ll need for retirement Share this article and your comments with peers on social media Facebook LinkedIn Twitter
James Langton The survey finds a high level of confidence in the M&A deal pipeline, with 86% saying that they expect deal activity to rise in their sector.Also readUncertainty reigns“A stable domestic economy, relatively low interest rates and a stronger Canadian dollar have Canada’s dealmakers optimistic about the M&A outlook for 2019,” the firms say in a news release.“Even the uncertainty of a federal election in 2019 has failed to dent dealmaker optimism, with many hoping that a victory for the Conservatives would herald the introduction of a more business-friendly policy agenda,” the report says, as it notes that both main parties are expected to push through energy pipeline plans, thereby supporting economic growth.Survey respondents are less sanguine about the U.S. political landscape, as dealmakers remain concerned about U.S. protectionism and its possible impact on Canada’s economy.Nevertheless, dealmakers expect to see a surge in Canadian acquisitions of foreign firms. “Outbound M&A deal activity has climbed in 2018 and more of the same is anticipated in 2019 as dealmakers diversify away from a competitive domestic deal market and leverage attractive debt markets to win deals overseas,” the report says.Regarding Canadian firms, 40% of survey respondents anticipate an increase in the volume of domestic deals.Respondents expect deals in the energy sector will lead deal activity, with the mining sector starting to gain momentum, too.Technology will also drive deals. Technology and intellectual property “have emerged as the most important factors to Canadian acquirers when making M&A decisions,” says the report.In terms of deal participants, dealmakers see private equity having a bigger role in Canadian M&A in the years ahead, as investors look to deploy their dry powder in Canadian assets. Indeed, 36% of respondents say that PE buyouts will make up more than 50% of deal volume over the next five years.Click here to view the full report. Global M&A sets Q1 record, Refinitiv says BMO asset management sale is on strategy: Moody’s Record M&A activity in Q1, Crosbie & Co. says Facebook LinkedIn Twitter Related news Players in the Canadian merger and acquisition (M&A) market are expecting deal activity to ramp up in the year ahead, according a report published Thursday from Citibank Canada and Mergermarket.Citi commissioned Mergermarket to interview 50 senior Canadian M&A practitioners in the second half of 2018 to gain insight on their predictions for Canadian dealmaking in 2019. Keywords Mergers and acquisitions macgyverhh/123RF Share this article and your comments with peers on social media
Keeping employment records is your legal responsiblity All employers covered by the WA state industrial relations system are legally required to keep employment records. The state system covers businesses which operate as sole traders, unincorporated partnerships or unincorporated trusts.Employment records must be in English and can be written or electronic, as long as they can be printed. They must be kept for at least seven years after they are made for current and past employees, and records relating to long service leave must be kept during the employee’s period of employment and for seven years from the date the employment ends.Employers who fail to keep adequate or accurate employment records can be fined up to $5,000 by the Industrial Magistrates Court. Employers can also be fined for not providing employment records to industrial inspectors at the Department of Mines, Industry Regulation and Safety when required to do so.Specific record keeping requirements differ based on whether employees are covered by a WA award or are award free. Employers can visit the Employment records – employer obligations /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:Award, court, Employees, employment, English, Government, industry, Industry regulation, magistrates court, regulation, Safety, visit, WA, Western Australia