EU mulls fines on big deficits

first_imgWednesday 29 September 2010 11:48 pm EU mulls fines on big deficits THE EUROPEAN Commission proposed tougher sanctions on Eurozone countries that breach EU budget rules yesterday, as trade unions staged strikes and protests against austerity measures.The EU executive outlined plans to prevent a repeat of Greece’s debt crisis by making chronic deficit offenders deposit 0.2 per cent of their gross domestic product with Brussels.The interest-bearing deposit would be converted into a fine unless the country brought its budget gap below the EU limit of three per cent, while repeat offenders will incur annual fines of 0.1 per cent of GDP. “[The] changes will give teeth to enforcement mechanism and limit discretion in the application of sanctions,” the Commission said.The proposals require approval by EU heads of government and the European parliament.Some economists argue that stiffer penalties for deficit sinners will not solve the EU’s problems since harsher austerity may choke economic growth in those countries.“Unless there is a rethink, the Eurozone risks permanent crisis, with chronically weak economic growth across the region as a whole,” said Simon Tilford, chief economist of the Centre for European Reform. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today whatsapp Share More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img Show Comments ▼ whatsapp Tags: NULL KCS-content last_img read more

Read More

Cadbury Nigeria Plc (CADBUR.ng) Q12017 Interim Report

first_imgCadbury Nigeria Plc (CADBUR.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2017 interim results for the first quarter.For more information about Cadbury Nigeria Plc (CADBUR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Cadbury Nigeria Plc (CADBUR.ng) company page on AfricanFinancials.Document: Cadbury Nigeria Plc (CADBUR.ng)  2017 interim results for the first quarter.Company ProfileCadbury Nigeria Plc manufactures and markets a range of chocolate malt drink mixes, sweets, powder beverages and chewing gums in Nigeria. The company was established in the 1950s to source cocoa beans from Nigeria for the Cadbury Group; it then branched into re-packing imported bulk products and grew rapidly into a fully-fledged manufacturing operation producing a range of popular Cadbury brands. Cadbury Bournvita is the company’s flagship product which is a brand of malted and chocolate malt drink mixes that has energy and nutritional properties. The company introduced other Cadbury brands into its range in the 1970s; TomTom, a large black and white sweet for soothing relief; Cadbury Buttermilk, a delicious sweet with a butter and mint flavour; Tang, a popular powdered beverage; and Clorets and Trident, brands of chewing gum. Cadbury Nigeria Plc has a 99.66% stake in Cadbury Nigeria Plc Cocoa Processing Plant which sources cocoa powder for the manufacturing of Cadbury Bournvita. Mondelez International has a majority equity-interest of 74.97% in Cadbury Nigeria Plc through its holding in Cadbury Schweppes Overseas Limited. The remaining 25.03% equity-ownership is held by a diverse group of Nigerian individuals and institutional shareholders. Cadbury Nigeria Plc’s head office is in Lagos, Nigeria. Cadbury Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Read More

Ikeja Hotel Plc (IKEJAH.ng) HY2019 Interim Report

first_imgIkeja Hotel Plc (IKEJAH.ng) listed on the Nigerian Stock Exchange under the Tourism sector has released it’s 2019 interim results for the half year.For more information about Ikeja Hotel Plc (IKEJAH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Ikeja Hotel Plc (IKEJAH.ng) company page on AfricanFinancials.Document: Ikeja Hotel Plc (IKEJAH.ng)  2019 interim results for the half year.Company ProfileIkeja Hotel Plc is a hotel development and management company with direct or indirect ownership of Sheraton Lagos Hotel, Sheraton Abuja Hotel and Federal Palace Hotels & Casino. The company targets the leisure, business and convention markets in Opebi, Ikeja and Lagos. Sheraton Lagos Hotel has 340 guest rooms and an impressive array of conferencing and recreational facilities, making it one of the largest hotels in Nigeria. Sheraton Abuja Hotel has 575 rooms and conference, restaurants and recreational facilities. Sun International’s Federal Palace Hotel & Casino is a luxury 5-star hotel conveniently located in the heart of Victoria Island’s commercial district and boasts luxury accommodation, a casino, conference facilities and an array of restaurants, bars and recreational facilities. Established in 1972 and formerly known as Properties Development Limited, the company changed its name to Ikeja Hotel Limited in 1980. The company’s head office is in Lagos, Nigeria. Ikeja Hotel Plc is listed on the Nigerian Stock Exchangelast_img read more

Read More

Fannie Mae On Top

first_imgSubscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Headlines, News, Secondary Market Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Sign up for DS News Daily Tagged with: GSE Q2 Results Home / Daily Dose / Fannie Mae On Top About Author: Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Share Save Fannie Mae released its second quarter earnings on Thursday, which boasted industry-high gains. The government-sponsored enterprise reported $3.2 billion in net income, and $3.1 billion in comprehensive income. This sum is approximately $500,000 greater than the recorded income for the first quarter of 2017, which was $2.8 billion.The GSE attributes this increase in income to credit-related revenue, as well as a shift to investment gains as opposed to investment losses Fannie saw in the first quarter. Further, its contribution to the Treasury in the form of dividends amounted to $2.8 billion for the month of June. Through the second quarter of the year, Fannie Mae has paid a total of $162.7 billion to the Treasury in dividends, and expects to pay an additional $3.1 billion in September if the Federal Housing Finance Agency calls in a dividend.Fannie Mae, in addition, provided $135 billion of liquidity to the mortgage industry in an attempt to enable families to buy, refinance, or rent homes, making them the largest provider in the industry.The lender has also made an exceptional business change in the last three months in transitioning from a portfolio-based business to a guaranty-focused business—the latter has accounted for 75 percent of the company’s net income for the first half of 2017. They estimate that that figure will continue to increase through the rest of the year as they work to reduce their retained mortgage portfolio.Fannie Mae continues to contribute to the housing finance system by reducing risk to lenders and making long-term fixed-rate mortgages accessible to people across the country. They pledge to continue to increase their role in credit risk transaction. As of June 30, 2017, they’ve covered nearly $798 billion of unpaid principle balance in single-family mortgages, which accounts for 28 percent of the loans in their guaranty book of business. Fannie Mae On Top Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Loan File Data – Truth or Fiction? Next: Secretary of Treasury: A History August 3, 2017 1,357 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago GSE Q2 Results 2017-08-03 Joey Pizzolatolast_img read more

Read More

Florida teen accused of rigging homecoming queen vote with mom charged as an adult

first_imgFlorida Department of Justice(PENSACOLA, Fla.) — A teen charged as an adult has pleaded not guilty to multiple felony counts stemming from a Florida high school homecoming queen contest that prosecutors allege she and her mother rigged by hacking into a school district computer system.If convicted, Emily Rose Grover, 18, a student at Tate High School in Pensacola, faces a maximum sentence of 16 years in prison, officials said.The state attorney’s office in Escambia County, Florida, confirmed to ABC News on Wednesday that Grover has been charged as an adult.“She was 17 when the offense occurred, but shortly after they picked her up she turned 18,” a spokesperson for the state attorney’s office said.Grover and her mother, Laura Rose Carroll, 50, an assistant principal at an Escambia County elementary school, are scheduled to be arraigned in First Judicial Circuit Court in Pensacola on May 14.Defense attorney Randall Etheridge, who’s representing both women, told ABC News on Wednesday that he’s already filed written not-guilty pleas with the court. He said he’s also requested a jury trial.“These are good people. They’re not crazy as some people are trying to depict them. They’re basically decent people,” said Etheridge, adding that Grover’s father and Carroll’s husband is one of his best friends and that he’s representing them pro bono.Grover and her mother are each charged with felony offenses against users of computers, computer systems, computer networks and electronic devices, in addition to felony unlawful use of a two-way communications device, felony criminal use of personally identifiable information and misdemeanor conspiracy to commit those crimes.Carroll, who was suspended from her job, and Grover are free on bonds of $6,000 and $2,000, respectively.Grover and her mother were arrested in March following a roughly four-month investigation by the Florida Department of Law Enforcement into a complaint lodged by the Escambia County School District that someone had gained unauthorized access to the computerized accounts of hundreds of students, according to an arrest warrant affidavit obtained by ABC News.“This activity was discovered in October during Tate High School Homecoming court voting, when hundreds of votes were flagged as fraudulent,” according to the affidavit.Investigators found that 117 of the fraudulent votes originated from the same IP address and were traced to Carroll, according to the affidavit, which also said 246 fraudulent votes were cast via Carroll’s phone and home computer.As an assistant principal in the Escambia County School District, Carroll had access to FOCUS, the district’s computer program that records student identification numbers, dates of birth, grades, test scores, medical histories, emergency contacts and disciplinary actions. The program also allowed students access to a third-party application called Election Runner used to cast votes for homecoming queen from Oct. 28 to Oct. 30.A day after the votes were tallied, the high school student council coordinator reported to district authorities that Grover was suspected of using her mother’s access to the FOCUS program to game the homecoming queen election, according to the affidavit.On Oct. 31, the school district’s ethics hotline also received a tip accusing Grover of rigging the election.“The report stated that Grover had voted for herself in other students’ names and she was able to do so because she had access to her mother’s FOCUS account,” according to the affidavit, which also included statements from students who told investigators that Grover had been using her mother’s FOCUS account to glean information on classmates since at least her freshman year.“She looks up all of our group of friends’ grades and makes comments about how she can find our test scores all of the time,” one student told investigators, according to the affidavit.In December, school officials moved to expel Grover for the unauthorized use of her mother’s FOCUS account. Prior to the conclusion of the disciplinary process, Grover emailed the district superintendent admitting she used her mom’s account and pleaded for leniency but did not confess to rigging the homecoming queen contest.“‘I have never been in trouble but I was recently suspended for 10 days for unauthorized use of technology, for using my mom’s password and looking at information I should not have seen in FOCUS,’” she purportedly wrote, according to the affidavit. “‘Of everything I’ve done wrong, ignorance is hurting me most. I 100% knew it was wrong and would do anything to undo it but I had no idea this much trouble could come from this.’”Copyright © 2021, ABC Audio. All rights reserved.last_img read more

Read More

10 year ban for agent who took money and ran

first_imgRelated posts:No related photos. Comments are closed. Previous Article Next Article 10 year ban for agent who took money and ranOn 25 Nov 2003 in Personnel Today An employment agent who took money from job hunters but failed to find themany work has been banned from operating for 10 years – the maximum possibleprohibition period. Adrian Michael Farmer, who ran three internet-based recruitment agencies,attracted job hunters with promises of opportunities for work overseas and oncruise ships. Recruits were told they had to pay a membership fee to receivedetails of the jobs, but as soon as they paid up, Farmer stopped all contact. The DTI’s Employment Agency Standards Inspectorate took action followingcomplaints from people who had lost money without finding any work. The secretary of state for trade and industry made an application to banFarmer under Section 3A of the Employment Agencies Act 1973. Under the Act, employment tribunals may prohibit individuals, companies orpartnerships, from carrying on an employment agency or an employment businessfor a period of up to 10 years. Employment minister Gerry Sutcliffe said: “The DTI will come down hardon any agency that flouts the law. This maximum 10 year ban serves as a clearmessage to rogue employment agents that they won’t get away with exploitingworkers.” Farmer’s internet-based companies operated from premises near Aberystwythand Carmarthen in Wales. They traded as the Overseas Recruitment ServicesBureau, Recruitment Services International and Amtrak International Services. www.dti.gov.uk/er/agencylast_img read more

Read More

Jumbo’s Fairpartner Successfully Loads Former French Submarine ‘Quessant’

first_img View post tag: French October 12, 2011 View post tag: News by topic View post tag: submarine View post tag: Jumbo’s View post tag: Former Back to overview,Home naval-today Jumbo’s Fairpartner Successfully Loads Former French Submarine ‘Quessant’ View post tag: successfully View post tag: ‘Quessant’ View post tag: Naval On Sunday 09th October 2011 Jumbo’s Fairpartner successfully loaded the former French submarine ‘Quessant’ bound for Malaysia.There the submarine will be displayed in a museum. Transporting the submarine from France to Malaysia was a challenging operation, because of the fragile outer skin and the weight of the submarine. In cooperation with Saltwater Engineering Jumbo Shipping completed the strength calculations for both the submarine and the hoisting cradles.[mappress]Source: saltwater, October 12 , 2011 View post tag: Navy Jumbo’s Fairpartner Successfully Loads Former French Submarine ‘Quessant’ View post tag: Fairpartner Industry news View post tag: Loads Share this articlelast_img read more

Read More

French Warship FS Marne Becomes New Flagship of EUNAVFOR

first_img View post tag: Navy French Warship FS Marne Becomes New Flagship of EUNAVFOR View post tag: becomes April 9, 2012 View post tag: Naval View post tag: Flagship View post tag: MARNE View post tag: Warship In a ceremony held on Saturday (7 April) onboard Spanish warship ESPS Patino, and presided over by the EU Naval Force Deputy Commander – Rear admiral Rainer Endres (German Navy), the French warship FS Marne became the new flagship of the EU Naval Force, Somalia, under the force command of Rear Admiral Jean-Baptiste Dupuis.ESPS Patino has been the EU Naval Force flagship for the past 4 months, under the command of Rear Admiral Jorge Manso and during that time EU warships have successfully carried out counter-piracy patrols off the coast of Somalia and across the Indian Ocean.At the ceremony, that took place alongside in Djibouti, Rear Admiral Manso spoke about how proud he was of the EU Naval Force sailors and marines under his command who have worked so tirelessly to track down and disrupt armed pirate attack groups who prowl the waters off the Horn of Africa.This is the 11th rotation of EU Naval Force Commands. The EU Naval Force mission began in December 2008 and since that time EU warships have protected over 843,000 tonnes of food into Somalia for the Somali people and conducted round-the-clock counterpiracy patrols. So far the EU warships have disrupted 112 Pirates Action Groups; these disruptions have not only prevented cargo, worth hundreds of millions of Euros, from falling into the hands of pirates, they have also spared countless innocent mariners from being taken hostage and held in appalling conditions for months at a time, whilst they wait in hope that a ransom can be paid.Recent months have seen a reduction in the success of pirates to hijack ships – this is due to a number of factors: namely the shipping community adhering to Best Management Practices, the many disruptions carried out by the EU warships and other maritime partners, such as NATO and CMF, together with the efforts of the Somali authorities ashore. The EU recently extended its counter-piracy mandate to December 2014, together with its area of operations to allow warships to operate closer to shore, and take action against known pirate logistic dumps on the shoreline – the aim being to hamper the pirates’ ability to load up their boats and get out to sea to prey on innocent mariners.On occasion of his change of command speech, new Force Commander Rear Admiral Dupuis stressed that “it is an honour to succeed to our predecessors on board Patino, who have done a great job and reduced the threat off the coasts of Somalia. My staff and I are very proud to assume command of TF 465 and face the challenge of the fight against piracy”. He also added :”Despite the efforts made by many countries to guarantee a significant force flow, among which France providing at least two ships and a maritime patrol aircraft, the upcoming inter-monsoon period will be a great challenge, as it generally coincides with an increase in the number of attacks.”[mappress]Naval Today Staff , April 09, 2012; Image: eunavfor View post tag: French Back to overview,Home naval-today French Warship FS Marne Becomes New Flagship of EUNAVFOR View post tag: FS View post tag: EUNAVFOR View post tag: New View post tag: News by topic Share this article Authoritieslast_img read more

Read More

Brains transplanted into wrong bodies at Uni hospital

first_imgTwo brains were mistakenly transplanted into the wrong bodies during a post-mortem at the John Radcliffe Hospital.The mishap was one of 278 ‘serious incidents’ which occurred in mortuaries across England, Wales and Northern Ireland from 2014 to 2016, according to a BBC Freedom of Information Request (FOI).The John Radcliffe, one of four Hospitals in Oxford’s NHS Foundation Trust, collaborates with the University for research purposes and is the most popular base for clinical medical students.A spokesperson for Oxford University Hospitals told Cherwell: “This very regrettable incident, for which Oxford University Hospitals NHS Foundation Trust and individuals have apologised to the families, was an error in the labelling of two brains during a specialist examination as part of the autopsy process.“The mistake was promptly recognised by staff working in the mortuary at the John Radcliffe Hospital and rectified.“This incident was reported to the Human Tissue Authority and the Trust also commissioned an external expert to carry out a thorough investigation and review processes in the mortuary in order to help us ensure we prevent anything like this happening again in the future.”A medical student said: “From the time I’ve personally spent with corpses or body parts, it can be easy to forget that these were once living breathing people with families.“When dealing with such sensitive material we should always be respectful and treat the body parts in a manner that their owners would have desired.“In these incidents I feel that people have perhaps not been as meticulous or thorough whilst carrying out their work as they would have been if they were dealing with a living patient.“Death can be distressing and when these types of incidents occur it simply makes things even worse for those involved.”Rosa Curson Smith, a second year at Hertford College, told Cherwell: “whilst this may seem like an amusing mix up to those not involved, it presumably caused deep upset for the families of the deceased.“Oversights like this should be avoided when operating on the dead as well as the living .”A St Peter’s student added: “It is key that doctors and medical staff are open and honest to those close to the deceased individual about the mistakes made.”Tyron Surmon, a student at Corpus Christi, said: “How could they not have done it right? “The operation was a no-brainer.”last_img read more

Read More

News story: “Men need support too” gender expert tells women in Cumbria

first_imgRecognising the unique contribution that Cumbria makes to the nuclear sector, ‘Women in Nuclear (WiN) UK’ launched the dedicated ‘Cumbria’ branch in 2018.Since its launch, the WiN Cumbria network has become a powerful community of local organisations and individuals working together to achieve gender diversity within the Cumbrian workforce.Trudy Harrison MP has also backed WiN Cumbria as a key player in helping achieve one of the ambitions laid out in the Nuclear Sector Deal, to see 40 per cent more females working in the industry by 2030.The team is also nominated for a Northern Power Women award, which will be announced at a ceremony in Manchester on 18 March.To find out more about how WiN Cumbria can support you, contact [email protected] She made the bold statement at the first birthday celebration of the Women in Nuclear (WiN) Cumbria group on International Women’s Day (8 March).More than 150 people from 30 businesses across the county gathered at the Energus centre, Lillyhall, to celebrate the achievements of the branch, and discuss what still needs to be done to progress gender balance in the nuclear sector. This wasn’t just a celebration and a pat on the back, it was a way for us to move the conversation to the next level and see what we can do next to make real changes to gender inequality. Our guest speaker, Nadia, provided the ‘penny drop’ moment of the day when she told us that society doesn’t allow men to break free of their stereotypical ‘bread winner ’role, which in turn impacts on a woman’s choices too. This really hit home with our audience as we understand men have an important part to play in creating the change. Nadia’s findings are based on strong research, so it is something WiN Cumbria is going to take forward, to see how we can help address some of the issues facing men in Cumbria, like flexible working and unconscious bias, for example. I urge anyone, male or female, with an interest in helping to drive gender balance in the area, to join us as we continue our mission to create an inclusive and fair environment that helps attract, retain and build a diverse workforce of the future, for Cumbria and the UK.center_img The WiN Cumbria team has created a powerful network of individuals and businessesSpeakers included Rebecca Weston from Sellafield Ltd, chartered psychologist and gender equality expert, Nadia Nagamootoo and Paul Howarth from the National Nuclear Laboratory.Chair of the WiN Cumbria, Claire Gallery-Strong, said;last_img read more

Read More