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  • US stocks hit record highs as Fed chair hints at rate cut

    first_imgThe S&P 500, the Nasdaq and the Dow Jones industrial average stock market indices all hit record highs shortly after the bell rang at the New York Stock Exchange. In a prepared statement Powell said “trade tensions and concerns about global growth have been weighing on economic activity and the outlook” in the US. whatsapp From the start of 2016 to the end of 2018 the Fed raised its target federal funds rate from 0.5 per cent to between 2.25 and 2.5 per cent. “His comments around slowing growth against a backdrop of muted inflation and elevated uncertainties is consistent with “insurance rate cuts” this year which we think amounts to easing at one or two meetings,” he said. Aberdeen Standard Investments senior global economist James McCann said: “A rate cut in July is now all but certain. The strength of last week’s jobs number did lead some to think that the Fed may pause for thought. It’s clear from this that they won’t.” whatsapp Share An interest rate cut by the Fed would be the first in 10 years. Rates were slashed to record lows in the wake of the financial crisis, but the central bank raised them faster than its peers from 2016. Chairman of the US Federal Reserve Jay Powell has boosted the market’s expectations that the first interest rate cut in ten years will come this month with a gloomy testimony to a congressional committee. US President Donald Trump has vociferously criticised the Fed for raising rates too quickly, saying it has held back economic growth. Many economists share this view, although not Trump’s assessment that the central bank “doesn’t know what it’s doing”. Read more: Fed holds interest rates but hints at future cuts (Image credit: Getty) Both the dollar and short-term government bond yields fell following the release of the statement. The dollar had fallen 0.3 per cent against the euro just before 4pm UK time. Yields on two-year government bonds had dropped by five basis points to 1.85 per cent. Read more: Trump says Federal Reserve ‘doesn’t know what it’s doing’ Wednesday 10 July 2019 3:35 pm Insurance rate cuts Domestically, business investment has slowed notably while manufacturing output continued to decline, Powell said. He said there was “a risk that weak inflation will be even more persistent” than previously thought.center_img Harry Robertson Today, Powell said that in June many members of the rate-setting committee “saw that the case for a somewhat more accommodative monetary policy had strengthened”. “It’s more of a case of them being worried about what might happen to growth in the future.” Lower interest rates mean less demand for dollar-denominated financial assets, while bond prices rise as their interest payments look more attractive. Yields move inversely to price.  Federal Reserve Board Chairman Jerome Powell speaks at a news conference after a Federal Open Market Committee meeting in Washington, DC, on June 19, 2019. – Powell said Wednesday that many central bankers feel the case for a rate cut has “strengthened” but that they want to see more data before moving. (Photo by NICHOLAS KAMM / AFP) (Photo credit should read NICHOLAS KAMM/AFP/Getty Images) Powell’s dovish tone today was “slightly surprising given benign trade developments following last month’s G20 meeting and the recent rebound in nonfarm payroll employment,” said Michael Swell, co-head of global portfolio management at Goldman Sachs Asset Management’s fixed income team. “There’s an element here of the Fed wanting to take pre-emptive action,” he said. “From a growth perspective, there’s nothing in the data that suggests a rate cut is strictly necessary.”  The glum assessment of the US economy’s prospects cheered the stock markets, who read it as signalling an imminent interest rate cut to try and kickstart the economy. The Fed chair pointed to “a number of government policy issues” that “have yet to be resolved” and could drag on economic sentiment and growth, “including trade development, the federal debt ceiling, and Brexit”. Read more: Euro plunges as ECB president Mario Draghi signals more stimulus US stock markets hit record highs as Fed chair hints at rate cuts “Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US economic outlook,” he said. Richard Flynn, managing director at Charles Schwab, said: “If the economy holds up and the rate cuts are simply “insurance,” stock markets could rally strongly. However, if the economy weakens, the market’s rate-cut optimism could turn negative.” The tech heavy Nasdaq rose 0.9 per cent while the Dow Jones and S&P 500 both rose 0.6 per cent less than an hour after opening. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndolast_img read more

  • Most likely Brexit outcome? PM’s resignation, says JP Morgan

    first_imgA bill demanding the prime minister return to Brussels to seek a delay if he cannot get a Brexit deal through Parliament by 19 October also became law yesterday. During yet another dramatic night in the Westminster, Johnson was once again defeated in his bid to call an early general election as he failed to win the backing of two thirds of MPs. Share Main image credit: Getty Tuesday 10 September 2019 2:09 pm In a research note sent to clients, JP Morgan’s head of UK economics Malcolm Barr outlined the “only options” for Brexit that the investment bank now regards as realistic. whatsapp Most likely Brexit outcome? PM Boris’s resignation, says JP Morgan Of the three main options facing Boris Johnson, the most likely outcome is that he will resign, leaving a new prime minister to go to the EU and request a Brexit extension, JP Morgan said today. “At this point, our view is that resignation is the most likely of these three,” he added.center_img “The only options we regard as ultimately viable are for the PM to present a deal to the (House of) Commons and secure approval for it, resign and let someone else make the extension request as PM, or back away from his stated position,” Barr said. Read more: Dominic Cummings lashes out at ‘rich Remainers’ as he sticks to 31 October Brexit deadline Last night Johnson prorogued Parliament for five weeks until 14 October, meaning MPs will return to the Commons just two weeks before the current Brexit deadline of 31 October. Read more: Boris denied election again as parliament shuts up shop for five weeks Read more: Brexiters threaten rebellion as sources hint at NI-only backstop return by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun whatsapp Anna Menin Tags: Boris Johnson Brexit JP Morgan Chaselast_img read more

  • UK advertising exports hit record £11bn ahead of Covid slump

    first_imgAA chief executive Stephen Woodford hailed “outstanding” export figures, adding that they offered “some much-needed positive news after a tumultuous year for our own industry and the entire global economy”. The positive figures reflect a growing number of companies looking to sell their services abroad as the UK opens up to new markets in the aftermath of Brexit. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe Legacy ReportMan Who Predicted 2020 Crash Says “Now Is The Time”The Legacy ReportBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItExplored PlanetThe Most Dangerous Bodies Of Water In The WorldExplored PlanetLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyAgefulUnsold Car Clearance Sale Going On In ArizonaAgefulFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorFactableAluminum Foil Uses You’ll Want to KnowFactableIkaria BeautyThe Best Lifting Face Method At Home (Only 20 Seconds)Ikaria Beauty UK advertising exports grew to a record £11bn in 2019, new figures have shown, highlighting the strong growth of the sector before a pandemic-induced slump. In particular, respondents cited worries about an inability to travel, pointing to this as a key part of driving new business. International trade in UK advertising and marketing research services rose seven per cent year on year, putting it just behind computer services in terms of exports. EU nations accounted for 40 per cent of all UK advertising, market research, and opinion polling services, with EU and EEA countries accounting for 42 per cent. This was down from 53 per cent the previous year. whatsapp whatsapp The figures showed a shift in advertising exports to new markets as a result of Brexit (Getty Images) But it comes ahead of the Covid-19 outbreak in March last year, which wreaked havoc across the sector. Advertising spend is estimated to have fallen almost eight per cent to £23.2bn in 2020, according to the latest estimates from industry bodies the Advertising Association (AA) and Warc. James Warrington UK advertising exports hit record £11bn ahead of Covid slump More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com The report found that businesses were optimistic about a rebound for the sector this year, though some concerns remained about the continued impact of the pandemic and Brexit. Tuesday 16 March 2021 12:01 am The US remained the largest importer for the sector, buying £1.1bn worth of UK ad services. “The full impact of the past year on exports will not be known fully until next year, but with the vaccine rollout continuing apace and the global economy making the return to normal, now is the time to look forward and plan for the future and to demonstrate that the UK is not only open for business but remains the undisputed global hub for advertising and marketing services.” The figures showed a shift in advertising exports to new markets as a result of Brexit (Getty Images) Also Read: UK advertising exports hit record £11bn ahead of Covid slump The figures, compiled by industry think tank Credos from ONS data, also showed the industry’s efforts to shift to new markets as a result of Brexit. Share The figures showed a shift in advertising exports to new markets as a result of Brexit (Getty Images) Also Read: UK advertising exports hit record £11bn ahead of Covid slump last_img read more

  • Assembly to consider adding housing action proposal to comprehensive plan

    first_imgEconomy | Government | Housing | Local GovernmentAssembly to consider adding housing action proposal to comprehensive planNovember 1, 2016 by Lakeidra Chavis, KTOO Share:The Juneau Assembly is one step closer to a housing plan for the city.During its work session Monday evening, the assembly voted to create an ordinance that would add the city’s housing action plan to its comprehensive plan, but not without heavy disagreement among assembly members.Audio Playerhttps://media.ktoo.org/2016/11/01HOUSING.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The comprehensive plan outlines the city’s goals and policies. Although the plan addresses housing, the housing action plan is a more detailed and expansive document with specific suggestions for how to implement the solutions.The Affordable Housing Commission received $75,000 of city funding to draft the plan a few years ago, and worked with city officials and housing specialists to complete it.Assembly member Norton Gregory formerly served on the Affordable Housing Commission when the plan was being developed and supported its adoption.“I feel like it’s important that the CBJ take action, and one thing that we learned from this plan is that we have to make some changes on how we do business,” Gregory said, “and change is often times not easy, and I think that this plan will help guide us through that.”Assembly member Loren Jones was conflicted about adopting the plan.He said he recognized its significance, but there were some items that lacked clarification.“There’s issues in here about whether or not a developer should do 20 (percent) or 30 percent of their development at low-income and then we’ll give them some kind of develop bonus but it doesn’t say what that develop bonus is,” he said.All of the assembly members agreed the plan was a good step forward. But some members disagreed on whether it was the right step to take.Assembly members Mary Becker and Debbie White worried that adopting the plan would make its recommendations binding.Becker said she’d prefer something more flexible, like a resolution, which doesn’t carry as much weight.“I don’t think it’s ready for that kind of firm interpretation and I could not vote for that,” Becker said. “I could vote for it as a resolution, but I don’t think it’s ready to be something you can’t do anything about — you just have to do whatever it says or whatever it’s interpreted to say.”Assembly member Jesse Kiehl disagreed.“You know, the comprehensive plan is explicit, it says it’s aspirational,” Kiehl said. “We are not, in fact, required to do each and every little thing in the comprehensive plan. The comprehensive plan, among its implanting actions, at one point, says we’ll build a performing arts center. You’ll notice we have not yet appropriated 10-15 million bucks for a performing arts center.”After more than an hour of discussion, the assembly voted 5-3 to draft an ordinance. If passed, it will adopt the housing action plan into the already existing comprehensive plan.The ordinance will be introduced at the Nov. 21 assembly meeting.Share this story:last_img read more

  • Portarlington lung transplant recipient honoured with special recognition award

    first_img Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Portarlington lung transplant recipient honoured with special recognition award By Alan Hartnett – 5th November 2018 Previous article23 players who really impressed at the Laois Divisional Football CompetitionNext articleJOB VACANCY: Oakdale Nursing Home are hiring Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. TAGSOrgan Donor Laois secondary school announces scholarship winners for new academic year RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Community Twitter Facebookcenter_img Pinterest Around 200 people attended the special event at Tullamore Golf Club which celebrated the accomplishments of its successful teams and individual members.While being honoured at the event Val Kennedy, a Tullamore town native, was happy to share the message about the importance of organ donation and transplantation and with the support of kidney transplant recipient Dermot Glynn on the night, many of the attendees were inspired to take home organ donor cards.Val, an avid golfer suffered a sudden and dramatic health decline in April 2015 just four days after winning a golf competition at Tullamore Golf Club.A lung transplant was his only hope of survival after receiving a diagnosis of Idiopathic Pulmonary Fibrosis which left him 24 hour oxygen supply dependant.The former Tullamore based businessman underwent his life saving single lung transplant in Spring 2016 at the Mater Hospital Dublin.Following the Golf Club’s awards night, Val Kennedy said: “I feel honoured and grateful to be among the wonderful talent given special recognition by Tullamore Golf Club.“It’s thanks to my donor who gave me the gift of life that I am here today.”For organ donor cards Freetext DONOR to 50050 or visit the Irish Kidney Association website www.ika.ieSEE ALSO – 23 players who really impressed at the Laois Divisional Football Competition Lung transplant recipient Val Kennedy (centre) with Tullamore Golf Club Lady Captain Stephanie McNiff and Mens Captain Brian Gunning An award which is justly deserved.Lung transplant recipient Val Kennedy, from Portarlington was given special recognition at an awards presentation hosted by Tullamore Golf Club at the weekend.Val, who lives in Railway Mews, was honoured for increasing organ donor awareness and competing in the European Heart and Lung Transplant Championships which were held in Italy in June 2018. Home News Portarlington lung transplant recipient honoured with special recognition award News WhatsApp Facebook Council New Arles road opens but disquiet over who was invited to official opening Community Twitterlast_img read more

  • Hyundai Suggested Mt. Geumgang Management Committee but North Korea Refused

    first_img It turned out that the Ministry of Unification of South Korea attempted to establish the Mt. Geumgang Tour Management Office last year out of the need for an administrative body to deal with personal safety of tourists at Mt. Geumgang. The ministry’s plan was canceled due to unwillingness of North Korea. The FY 2007 Account Analysis of the National Assembly Budget Office which was released on July 17 said, “An issue was raised that there was no official body to protect personal safety and assets of tourists and businessmen who travel or stay at the Mt. Geumgang resort in the event of an emergency such as North Korea’s nuclear tests.” “There was a need to create an office like the Kaesong Industrial Complex Management Committee at the Mt. Geumgang tourism zone. For this, the Ministry of Unification appropriated seven billion won from the Inter-Korea Cooperation Fund in 2007 and 7.3 billion won in 2008, totaling 14.3 billion won,” the analysis said. “However, North Korea acted reluctant about the idea. It wanted to hold an opening ceremony for the construction of a Customs, Immigration and Quarantine (CIQ) office on the Donghae (East Sea) Line prior to setting up a committee to create a management office at the Mt. Geumgang tour zone. So, the plan to establish the management office did not proceed at all. Eventually, seven billion won appropriated in 2007 [for the creation of Mt. Geumgang Tour Management Office] was diverted to the connecting construction of inter-Korean railroads,” the analysis said. The analysis continued, “South and North Korea agreed in principle the need to establish a committee for Mt. Geumgang Tour Management at a meeting between government authorities in February this year. However, things did not proceed well. That is because North Korea maintained this position that there was no need to hurry to build the committee since the Mt. Geumgang tour project was operatied fine under the cooperative system with Hyundai Asan Corp and the North.”“Hyundai Asan Corp. as a private business enterprise, also acted reluctant regarding the establishment of the committee because the North Korea authorities were uncooperative about it,” the analysis reported.“Hyundai Asan Corp. might also have acted that way after having considered that there might be some kind of inconvenience to the operation of Mt. Geumgang tour as the company would be placed under the management and control of a South Korean government body once the committee was established,” the analysis said. The analysis offered suggestions, saying “The Mount Geumgang Tour Project has been operating smoothly for the past ten years despite the absence of an official management system. However, ten years have passed and it is time to create an official and direct management system.” The analysis was written early this year [much earlier before the shooting death of a South Korean tourist at the Mount Geumgang tour zone]. The analysis emphasized the establishment of a systematic management system to stabilize and activate tourism at Mount Geumgang, saying “As the number of tourists increased and tourism business expanded, it is necessary to prepare safety measures and to develop and manage infrastructure for tourism.” Hyundai Suggested Mt. Geumgang Management Committee but North Korea Refused RELATED ARTICLESMORE FROM AUTHOR News News AvatarYang Jung A By Yang Jung A – 2008.07.18 3:17pm Facebook Twittercenter_img News News There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak North Korea tries to accelerate building of walls and fences along border with China SHARElast_img read more

  • 100-Day Battle to Add to Popular Woes

    first_img Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News AvatarChris Green By Chris Green – 2009.09.14 4:20pm There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHOR A Japan-based pro-North Korea newspaper has released news that the “150-Day Battle,” the North Korean mass-mobilization productivity drive which was launched in late-April, has been extended for a further 100 days. The new “100-Day Battle” will take the total length of the mobilization period up to the end of the year, and possibly even into early 2010.Rumors of an extension to the period of mobilization have been going around inside North Korea since June, but only now have they been officially confirmed. A publication of Chongryon (General Association of North Korean Residents in Japan), Chosun Shinbo, claimed that during the 150-Day Battle “many units have been achieving fruitful results. Without slowing down a bit, (the North Korean people will) keep up their vigor during the 100-day Battle.”However, experts conclude that any extension to the Battle must be because original goals have not been met. An anonymous defector, who arrived in Seoul in 2007 explained, “In 1993, when the third seven year economic plan was coming to an end, the authorities expanded it by one and half years, while the 200-Day Battle in 1988 was also expanded by 50 days because its initial goals had not been accomplished and they had not found any outstanding results about which to boast. This time, the situation must be the same.”This point of view has been born out by recent Daily NK reports, in which North Korea-based sources have exposed the failings of the battle. For example, in one August 10th report, a North Hamkyung Province source described the situation in Hoiryeong, “The only factories operating now are the Hoiryeong Goksan Factory, which produces cigarettes to distribute to soldiers, and the Essential Food Factory, which produces soy sauce and soybean paste for the army and the Shock Brigade for the Propagation of Party Ideology. Other factories cannot work due to a lack of raw materials and resources, let alone electricity.”The situation in Yangkang was no better, “Hyesan Shoe Factory, Essential Food Factory, Hyesan Textile Factory and Hyesan Chemical Factory are partially operating, all others have ground to a halt.”Another report noted that some of the methods being used in the Battle are doing more harm than good. For example, back in early July in Hyesan; “They have been attempting to convert the apartments in the city to Pyongyang-style ones by forcibly breaking glass and plastic windows which have been set up on apartment verandas by residents to block out the wind. The citizens are extremely unhappy about this.”In yet another negative report, this one dated June 22nd, an inside source summed the situation up concisely; “Since April, when the decree launching the 150-Day Battle was handed down by the Central Committee of the Party, resident mobilization orders have been increasing in number, and regulations have also been strengthened. Therefore, grievances about this situation are growing, but improved productivity is nowhere to be found.”It therefore seems highly unlikely that a further 100-Day Battle will bring about the transformation into a strong and prosperous country that the authorities are officially striving for, while the additional difficulties for the people will undoubtedly be extremely unwelcome. Facebook Twittercenter_img News SHARE 100-Day Battle to Add to Popular Woes News News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

  • Drug distribution up amid relaxed holiday regulations

    first_img News By Daily NK – 2015.09.28 4:44pm Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders RELATED ARTICLESMORE FROM AUTHOR Leading up to Korea’s fall harvest festival holiday Chuseok,North Korea saw an increase in drug distribution, as surveillance andcrackdowns from law enforcement agencies became more relaxed. There has alsobeen a lack of monitoring of ‘non-socialist’ goods, as those tasked withenforcing regulations have been occupied with holiday preparations, Daily NKhas learned.“We had seen regulations being stepped up until recently onnarcotics and non-socialist goods, but ahead of Chuseok this mostly subsided,”a source in South Pyongan Province told Daily NK on Friday. “Ahead of Chuseok,we saw a huge increase in drug circulation, and ‘non-socialist goods’ werebeing traded by the truck load.”A source in North Pyongan Province corroborated this news.The source explained this came as Party cadres also joinedin on the spirit of holiday season, and drug dealers jumped to  takeadvantage of the relaxed environment.Phenylacetate, which is used as the ingredient to makemethamphetamine, is transported on bicycles in flour sacks to drugmanufacturing sites, and the completed product is then hidden among ingredientsfor Chuseok ancestral rites, according to the source.“Chuseok is the day when people can safely sell anddistribute not only drugs but also non-socialist goods,” the source said. “Aslong as you stick a sickle into the bag that’s carrying drugs, because of theculture of respects for ancestors, people can get away with it and say they’regoing to cut weeds around their graves.”“In time for Chuseok, non-socialist goods are being sold bythe truck load. They include all kinds of products such as moonshine liquorthat’s considered one of the most popular items as well as shoe heels,aluminium, and steel beams produced from donju [new affluent middle class] factories,”she added. “The moonshine made by individuals is distributed around Pyongyang,and shoe heels go from state-run collection stores to individually run shoemanufacturing stores.”Despite efforts to stamp out drug trade through enhancedcrackdowns and punitive measures, production and consumption has been on therise. This is because compared to the initial investment, drugs produce massivereturns, making it an attractive option worth paying cadre bribes for. Thebusiness is now even spreading to state foreign-currency earning companies,according to the source. Facebook Twitter News SHAREcenter_img NewsEconomy Drug distribution up amid relaxed holiday regulations North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] US dollar and Chinese reminbi plummet against North Korean won once again last_img read more

  • Position fixed-income portfolios for success in 2017

    first_img Facebook LinkedIn Twitter Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 2:16Loaded: 0%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -2:16 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Share this article and your comments with peers on social mediacenter_img Alfred Lee last_img read more

  • Buy Local Policy supporting jobs and our economy

    first_imgBuy Local Policy supporting jobs and our economy Jane Howlett,Minister for Small BusinessThe Tasmanian Liberal Government is supporting local businesses to create jobs and stimulate our economy.Our Buy Local policy, which includes a Local Benefit Test aimed at growing businesses and jobs by ensuring local firms have every chance of winning Government tenders, is doing exactly as it was intended to do.Local small to medium businesses are winning Government work in record numbers, with Tas Hotel and Catering Supplies one of the latest to benefit from the policy. It was one of four successful suppliers who were awarded a government tender to provide a range of meal delivery systems and services to the Tasmanian Health Service, a contract worth $1.3 million.Our Buy Local policy target is for 90 per cent of all government contracts to be awarded to Tasmanian-based businesses by 2022.We are well and truly on track to meet this target with 85.6 per cent of Tasmanian businesses winning open government contracts in the March quarter – that’s $140.3 million worth of contracts helping to stimulate the Tasmanian economy.This is compared to just 60 per cent under the former Labor-Green Government in the March 2014 quarter.Through supporting our proud local businesses, like Tas Hotel and Catering Supplies, the Tasmanian Liberal Government is is ensuring more taxpayer money stays in Tasmania, contributing to jobs for Tasmanians, and further fuelling our growing economy. /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:AusPol, Australia, business, Economy, Government, health, hotel, jobs, meet, Minister, money, Small Business, TAS, Tasmania, Tassie, taxpayerlast_img read more