U.S. Employees Surprisingly Optimistic Despite State of Economy & Layoffs Yet Those in…

first_img__What concessions would you make to keep your job in a down economy?  Do you think your salary will increase in the next 6 months and what your job forecast looks like?For additional details on the employee confidence survey results, check out the complete summary here. Or for highlights from our Q42008 report check out the results here.1) For the purposes of this study “employees” were defined as U.S, adults 18+ employed full time or part time unless otherwise indicated.2) The survey was conducted online within the United States by Harris Interactive on behalf of Glassdoor.com between March 19- 23, 2009 via its QuickQuerySM online omnibus service, interviewing a nationwide sample of 2,798 U.S. adults aged 18 years and older, of whom 1,576 are employed full time or part time. The Q4 survey was conducted Dec.16-18, 2008 among 2,281 U.S. adults 18+ of whom 1,331 were currently employed (full time or part-time).This online survey is not based on a probability sample and therefore no estimates of theoretical sampling error can be calculated. A full methodology, including weighting variables, is available. Glassdoor Report: Job Security Increase amount of hours worked626065656351 Willing to take pay cuts to keep job4037383849 Yes26214617 Glassdoor Report: Salary Expectation Concerned others will be laid off in 6 months4447404052 Glassdoor Report: Geographic Breakdown No56581673 Salary Expectations: One in 3 employees expect a pay raise in the next 12 months.  Interestingly, the highest confidence in expected pay raises is seen in those with the highest household income, above $75,000 per year, (44%) and those who live in the Northeast.Men also tend to be more bullish on raises as 39% of men expect a raise in the next year, compared to 32% of women. Results by %Q109Q40818-3435-4445-5455+ Yes364039322734343444 If found job was in jeopardy, what would you give up to keep your job? Concerned about coworkers being laid off in next 6 months? (Employed full/part-time) Likely (very/somewhat)39n/a43423630 Yes44428427 No74795483 Glassdoor Report: Re-Hire Probability Don’t know212019232422221818 Unlikely (very/somewhat)31n/a20293546 Ability to find job matched to experience and compensation level in next 6 months?(Employed full/part-time; self employed) Results by %OverallNortheastMidwestSouthWest No434042454944444839 Concerned self will be laid off in 6 months2628212431 Expect company outlook to increase in next 6 months3534393828 Expect pay or cost of living increase in next 12 months? (Employed full/part-time) Results by %Q109Q40818-3435-4445-5455+ Glassdoor Report: Concession Indicators Geographic Breakdown: Interestingly, those in the west tend to be a little more pessimistic that those in other parts of the country. The table below breaks down some of the indicators by geography. Give up perks like commuter subsidies, on-site cafeteria, child care, dry cleaner, gym access434644504829 Accept a cut in salary or wages403040394240 Accept reduction in health and dental benefits coverage353234393731 On Tuesday, the Conference Board released the monthly Consumer Confidence Index for March, showing a slight gain in confidence from February but still hovering around record lows at 26.0.  Today, we released results of a survey conducted by Harris Interactive on our behalf for a handful of confidence indicators.  What we found was  a surprising level of employee optimism relating to their ability to sidestep layoffs, the future outlook of their employer, and expectations for pay increases even though confidence in the areas of job security and pay raises fell since December.You can read details in our media advisory and supplement, but we highlighted a few key findings below.   We believe employee confidence, like consumer confidence, tends to lag behind market movements but over time can be an important leading indicator for consumer sentiment and – ultimately — economic recovery.  After all, the more confident employees are in their jobs and careers, the more confident they are as consumers and likely to spur demand and spending.  We plan to track this quarterly and report these and potentially other measures over time.Summary of Q1 Glassdoor.com Employee Confidence SurveyJob Security: 1 in 4 employees (26%) say they are concerned they may lose their job in within 6 months although concerns are higher for co-workers — Nearly twice as many (44% ).  These concerns have edged up since December when the concerns were 21% and 40% respectively.Employees who have been through layoffs already are significantly more likely to have  layoff concerns for themselves or their co-workers than those who haven’t been through layoffs. Take on more projects or responsibility707471707463 Results by %Q109Q408MaleFemale< than $35K$35-$49.9K$35-$49.9K$50K-$74.9K>$75K Expectations pay will increase in next 12 months3642333632 Re-hire Probability: Should employees lose their job, 39% think they will have a new job within 6 months.Younger workers (18-34) are far more confident than those  55 and over as rehire expectations is 44% and 25% for each respective age group.  In fact, of those over 55, nearly half (47%) think it is unlikely they would find a job and 1 in 4 (28%) say it’s VERY UNLIKELY. Concerned of self being laid off in next 6 months?(Employed full/part-time) Forfeit paid time off or vacation302435302824 Results by %Q109Q408Company haslaid off/announced plansCompany has notlaid off/announced plans Company Outlook:Is the worse over?  The majority of employees seem to think so as more than half (51%) think their company’s business outlook will stay the same and more than one-third (35%) think it will get better in the next six months compared to just 14% who think it will their company’s outlook will get worse.Concession Indicators:What would you be willing to give up in order to keep your job if you found out it was in jeopardy?The majority are willing to do their part and take on more projects and responsibility (70%) and/or work more hours (62%) but nearly half (48%) say they will not take a pay cut to keep their job and 38% will not take a furlough or other unpaid leave.However, salary cuts and lost vacation time are more palatable than they were at the end of December.  Forty percent are willing to take salary cuts compared to 30% in December and 30% are willing to forfeit vacation, compared to 24% in December. Uncertain (very/somewhat)30n/a36272923 Take furlough or an unpaid leave or sabbatical34n/a34383629last_img read more

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2018 Winter Olympics: NBC sacks analyst after he offends Koreans with Japan comment

first_imgU.S. broadcaster NBC has decided to take commentator Joshua Cooper Ramo off air after he offended locals during coverage of the Pyeongchang Olympics opening ceremony. Ramo strayed into the sensitive issue of Japan-South Korean relations during the opening ceremony, which didn’t go down well with the South Koreans.Joshua Cooper Ramo has completed his responsibilities for NBC in Pyeongchang, and will have no further role on our air, an NBC spokesman said in an email to Reuters.NBC, a unit of Comcast Corp (CMCSA.O) had announced in December that Ramo would be a contributor at the Games, having previously served as an expert on culture and geo-political issues during the 2008 Beijing Olympics for the network.Ramos speaker agency that represents him did not respond to a request for comment.Ramo, who has written books on China and is a corporate director of Starbucks Corp (SBUX.O) and FedEx Corp (FDX.N), said as athletes paraded into the Games stadium on Friday that every Korean will tell you that Japan is a cultural, technological and economic example that has been so important to their own transformation.Koreans around the world criticized his remarks on social media and a petition soon circulated online.Japan, which colonized the Korean peninsula from 1910 to 1945, has left a deep legacy of mistrust and ill-feeling in South Korea.The Pyeongchang Organising Committee (POCOG) had earlier told Reuters that it informed NBC of the errors in their commentary and the sensitivity of the subject in Korea.advertisementNBC apologized in writing to Pyeongchangs organizing committee for the remark, which the committee said it had accepted.The Pyeongchang organizing committee did not immediately respond to the news Ramo had been let go.Ramo is also co-CEO of Kissinger Associates, an advisory firm of former U.S. Secretary of State Henry Kissinger.NBC is the exclusive U.S. broadcaster of the Olympics having paid about $7.65 billion to air the Games until at least 2032.It is producing more than 2,400 hours of coverage over 18 days from Pyeongchang.(With Reuters inputs)last_img read more

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After JioPhone, JioPhone 2, Nokia 8110 4G to get WhatsApp, Facebook support confirms HMD Global

first_imgReliance Industries announced a range of products at its 41st annual general meeting (AGM) on Thursday in Mumbai. Alongside the JioGigaFiber, Smart Home solutions, the star of the event was the JioPhone 2. This, as Reliance says, is the high-end version of the already existing JioPhone, which sells effectively for Rs ‘zero’. Both the JioPhone and JioPhone 2 run on KiaOS, Mukesh Ambani also announced that KiaOS is getting smartphone and bringing social media apps support to the JioPhone, JioPhone 2. Both the feature phones will get support for WhatsApp, Facebook and YouTube starting July 15. Soon after the announcement of the JioPhone 2, HMD Global announced that its new ‘banana phone’ aka Nokia 8110 4G will also get support for these social media apps.The information comes directly from the Chief Product Head of HMD Global Juho Sarvikas. Sarvikas took to Twitter to announce the news. He retweeted KiaOS technology’s tweet on social media app support for JioPhone and captioned it “Oh look, #Whatsapp on #KaiOS! Looking forward to going (picture of a banana)” hinting at WhatsApp, Facebook and YouTube coming to Nokia 8810 4G.To recollect, Nokia 8810 4G was announced at Mobile World Congress (MWC) 2018 in Barcelona alongside other Nokia phones like Nokia 7 Plus, Nokia 6 (2018), and Nokia 8 Sirocco. Better known as a banana phone, the Nokia 8810 4G runs on Smart Feature OS — based on KaiOS. The phone already comes with support for some of Google’s apps like Google Assistant, Google Search, and Google Maps. The banana phone also comes with a revamped version of the age-old Snake game.advertisementOh look, #Whatsapp on #KaiOS! Looking forward to going s! https://t.co/Av6gW3T2M0Juho Sarvikas (@sarvikas) July 5, 2018At the time of the launch, HMD Global had said that the Nokia 8810 4G or banana phone doesn’t support the instant messaging app — WhatsApp. This disappointed a lot of people. The company, however, after a couple of days of the launch of the banana phone said that the phone will get WhatsApp support very soon. The day is coming soon as revealed by HMD Global itself.Currently, there’s no report whether HMd Global will bring the banana phone aka Nokia 8110 4G feature phone to India or not. Probably it will. This only time will say. The Nokia 8810 4G phone brings nostalgia back. The new 4G feature phone is a revised version of the age-old Nokia 8810 phone.ALSO READ: JioPhone, JioPhone and Facebook from August 15WhatsApp 2 will co-exist, will support YouTube, The new Nokia 8810 comes with dual SIM support and sports a 2.45-inch QVGA display with a resolution of 240×320 pixels. The phone is powered by a 1.1GHz dual-core Qualcomm Snapdragon 205 chipset coupled with 512MB RAM and 4GB storage. The storage memory can be expandable up to 64GB via a microSD card. On the camera front, the banana phone sports a 2-megapixel sensor with an LED flash. The phone is backed by a 1500mAh battery, which HMD Global says, is capable of delivering up to 9.32 hours of talk time.last_img read more

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Cornwall College Student is Montego Bay’s Junior Mayor

first_imgEighteen-year old Cornwall College student, Aubrey Stewart, is the new Junior Mayor for Montego Bay. He was among 17 students from 14 educational institutions vying for the title in the annual St.  James Junior Council Competition. The finals were held at the Montego Bay Civic Centre on Wednesday (November 21), where Aubrey got the nod of the adjudicating panel after delivering his well-researched presentation, which focussed on community development. For his victory, he received the Montego Bay’s Mayor’s Trophy, cash prize of $20,000, along with other gifts from businesses in the area. Troy Hibbert of Maldon High School, who was elected Deputy Mayor, received the Gerald Mitchell Trophy, named for a former Deputy Mayor and $15,000, along with other gifts. The Junior Mayor will lead the Junior Council for one-year and during his tenure, the Council will be required to conceptualize and implement a community project, funded by the Ministry of Local Government. Members of Parliament for:  St. James West Central, Sharon Ffolkes-Abrahams; Central St. James, Lloyd B. Smith; and East Central St. James, Edmund Bartlett, have each donated $15,000 towards the project. Mayor of Montego Bay, Councillor Glendon Harris, said that the annual Junior Council competition seeks to involve students in the development of their communities, and also build their debating and presentation skills. He commended the students, who participated, and encouraged them to work together to ensure the success of the project to be undertaken. “Utilize all the resources available to you so that you will set a trend for others to follow,” the Mayor said. Director of Communications and Public Relations the Ministry of Local Government, Ann-Marie Mittoo, urged the students to be committed to hard work, and make the effort to help others and develop their communities. “What you do makes a difference in whether your communities are built up or destroyed. Always remember that others are watching you; they are looking to you for leadership. Your mission is to provide positive examples for them to also be community builders,” she stated. Guest speaker at the function, and Director of the University of the West Indies’ (UWI) Western Jamaica Campus, Dr. Luz Longsworth, said it is important that students develop leadership skills, and learn to be team builders.  “Learn to work with other people, in different environments, and foster harmony in your community,” she advised. The participating schools were: Cornwall College, Montego Bay High School, Harrison Memorial High School, St. James High School, Herbert Morrison Technical High School, Irwin High School, Cambridge High School, Anchovy High School, Green Pond High School, Mount Alvernia High School, Spot Valley High School, Maldon High School, Montego Bay Community College, and the Institute of Academic Excellence.last_img read more

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Value of Second-Hand Vessel Sales Halved in July

first_imgzoom A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the same month last year, representing a drop of 48% in the total value of second-hand sales concluded in the period, according to data provided by VesselsValue.Bulker and tanker sales were down 13% in July 2016, while the largest drop was seen in the container sector where only 2 sales were concluded compared to 31 in July 2015.The bulker sector saw the largest number of sales as 44 vessels were sold during the month, worth up to USD 450 million, followed by the tanker sector with 41 sales valued at USD 1.1 billion.Only 12 newbuilding orders were placed in July 2016, including six tankers, five containerships and one bulk carrier, a significant drop from July last year when 79 tankers, 82 containerships and 26 bulkers were ordered.VesselsValue said that modern bulker values firmed throughout July, with Panamaxes showing the greatest rise. Older tonnage remained fairly constant, however, there were slight decreases within older Supramax vessels.Additionally, VesselsValue said that the crude spot market softened further over the past months with VLCC, Suezmax and Aframax TCE estimates all coming close to hitting 2-year lows.Bulker demolition sales increased by only 10% in July 2015, however, the total on water bulk fleet increased by 2 million dwt during the month as 3.2 million dwt were delivered and only 1.2 million dwt were scrapped.A combination of low charter rates, over-supply of tonnage and the widening of the Panama Canal has seen an increase in the number of container vessels sent for demolition. 25% of those sales are vessels built 2000-2002, indicating some owners are not willing to put these vessels through their third special survey, according to VesselsValue.last_img read more

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Family Law Information Centre Opens in Halifax

first_imgClients of family court will have the opportunity to learn moreabout the court process thanks to the opening today, April 15, ofa Family Law Information Centre in Halifax. The centre will make free legal information available to clients.It will also provide basic assistance with such family law topicsas court processes and forms, how to find a lawyer, andalternatives to court. Staff at the centre will not provide direct legal advice. Freefamily law information clinics will be held, however, and, whennecessary, staff will make referrals to community agencies andprograms. “Sometimes, clients of the family court are intimidated by thecomplexity of court procedure,” said Justice Minister MichaelBaker. “This centre will help people educate themselves and isanother step in creating a more accessible court system in NovaScotia.” The centre will be located in the Supreme Court, Family Division,3380 Devonshire Ave., Halifax. A similar Family Law Information Centre opened at the SydneyJustice Centre in January, 2005.last_img read more

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Results of BA BCom and BSC out girls outshine boys

first_imgKolkata: Calcutta University has created a record when it comes to churning first class graduates in Arts, Science and Commerce streams.Altogether, 5,359 students have secured first divisions this year from the three streams —BA, BSC and B. Com (Hons) — the results for which was declared on Tuesday. The number of students who secured first division is 962 more than last year. The total number of students who have bagged second division marks is 22,737. According to sources in the university, the total number of seats in MA, MCom and MsC in the university is 5,520. The number of seats in the university affiliated colleges that offer post graduation is 3,175. The results this year has been published within two months after the end of examination. The total number of students who sat for the examination this year was 41,544. The total students in BA were 15,114, in BSC 86,89 and in B.Com 17,741. Total first division holders for BA, BSC and B.Com are 716, 2699 and 1944, respectively. The pass percentage of girls is higher than boys in all the three streams. The pass percentage among girls and boys in BA (Hons) is 76.77 against 71.44 for B. Com (Hons) it is 85.44 against 76.07 while for BSC(Hons) it is 70.68 against 63.24. “The boys have a tendency to give more imporatance to career-oriented courses rather than the general courses. This was reflected in the results,” said Asish Chatterjee, CU Pro-Vice-Chancellor (academic).last_img read more

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Humboldt player transferred to Calgary hospital for rehabilitation

first_imgCALGARY – One of the Humboldt Broncos hockey players injured in a bus crash in Saskatchewan earlier this month has been transferred to Foothills Hospital in Calgary.Ryan Straschnitzki, a 19-year old from Airdrie, Alta., was paralyzed from the chest down after a transport truck and the junior hockey team’s bus collided on April 6.Sixteen people — including 10 players — were killed and another 13 people were injured.Ryan’s father, Tom Straschnitzki, says his son was flown to Calgary from Saskatoon by a medical plane this afternoon.My boy his heading home to Calgary to begin his journey. Thank you To all staff at hospital and all the generous help from outside. pic.twitter.com/pQslYYdnhT— Strazsr (@strazsr) April 19, 2018He says Ryan had mixed emotions about returning to Alberta because some of his friends from the team are still in hospital.Six Broncos players remained at Royal University Hospital in Saskatoon.Two are still in critical condition.last_img read more

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Historic Halifax ships beloved longtime rodent control officer dies

first_imgHALIFAX – The best-loved cat on Halifax’s waterfront has died.Erik the Red, the retired “rodent control officer” at the CSS Acadia national historic site, passed away Tuesday.The Maritime Museum of the Atlantic, where the Acadia is moored, announced the death Thursday, saying Erik died “quietly at home after a brief illness.”He was around 20 year old.The elderly orange tabby was the ship’s rodent control officer for more than 15 years before retiring in 2015 to share a home in Halifax’s north end with a human co-worker.Erik was often seen wandering around the shops and restaurants on the waterfront. Some offered him sweaters in the winter, while museum staff are convinced others puffed Erik up with treats.He had survived three cat-nappings and 16 winters on board the Acadia.The Acadia, a Canadian Scientific Ship, was retired in 1969 after 56 years of service and designated a national historic site in 1976.last_img read more

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Saskatchewan Party sets Jan 27 as date for vote to replace Premier

first_imgREGINA – The Saskatchewan Party will choose a new leader to replace Premier Brad Wall on January 27, saying the successor will be decided through a one-member, one vote system at a convention in Saskatoon.“The Saskatchewan Party looks forward to a robust campaign, with many leadership candidates entering the race,” Saskatchewan Party president James Thorsteinson said in a news release following a meeting of the party’s provincial council in Regina.“I know that our next leader and premier will continue the work of the past decade by continuing to keep Saskatchewan growing.”Wall has announced he is retiring from politics once his successor is chosen, saying the province and the party will benefit from a fresh perspective.The party says candidates must file their nominations by Nov. 24.Economy Minister Jeremy Harrison announced Saturday that he’ll seek the leadership, joining Tina Beaudry-Mellor, who was social services minister.Harrison heaped praise on Wall in a news release announcing his candidacy and vowed to continue the outgoing premier’s fight against the federal government’s plans for a carbon tax.“Premier Brad Wall has been the steadfast and charismatic captain of our team for the past decade, providing incredible leadership to help grow our economy,” said Harrison, who has represented the Meadow Lake constituency since 2007 and is also a former MP for northern Saskatchewan.“I will fight a federally imposed carbon tax with every fibre of my being and with every tool at our province’s disposal.”Wall has said ministers will be required to leave cabinet immediately if they decide to run, and has set a deadline of Aug. 28 for them to make a decision.Finance Minister Kevin Doherty said he wants to present a budget update later this month before he announces whether he’ll jump into the race.Justice Minister Gord Wyant, Parks Minister Ken Cheveldayoff and Health Minister Jim Reiter have said they’re close to making decisions on whether they’ll run.The party also released rules for the leadership contest. A filing fee of $25,000 will be required from all candidates and there will be a campaign expense limit of $250,000.Candidates will also be required to disclose the names of all donors who made donations of $250 or more.The membership sales deadline in order to be eligible to vote is December 8, 2017, which the party says will ensure all members that request a mail-in ballot receive one.last_img read more

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Postal union issues strike notices could start rotating job action Monday

first_imgOTTAWA – The Canadian Union of Postal Workers said Tuesday it has given strike notice to Canada Post that workers could walk off the job as early as next week.The union representing 50,000 Canada Post employees said rotating strikes will begin Monday if agreements aren’t reached with the Urban Postal Operations and Rural and Suburban Mail Carriers bargaining units.The scale of the job action will depend in part on how talks go in the coming days, but union president Mike Palecek said they would look to avoid inconveniencing the public.“Our aim is not to disrupt the public, it’s not to disrupt the service that we provide, that we’ve been defending for years, so we’re trying to come up with ways to put some pressure on Canada Post without impacting the public.”The union decided to issue the strike notices after the nearly year-long talks stalled with the two sides fairly far apart, said Palecek.“We’ve said we would remain at the table as long as progress is being made, and we’ve reached a point where we’re not seeing a lot of progress.”He said the union, which provided five days notice rather than the 72 hours required, hopes the threat of job action will help the Crown corporation take the issues seriously.The union has been pushing for 3.5 per cent annual wage increases but has been met with offers of increases below inflation, while health and safety concerns have also yet to be addressed, said Palecek.Canada Post spokesman Jon Hamilton said in a statement that the service has found common ground with the union on several issues including workload concerns and has made meaningful offers.“Canada Post has made significant offers to CUPW which include increased wages, job security, and improved benefits and has not asked for any concessions in return.”The postal service will still be operational in the event of a strike, said Hamilton.“Canada Post will remain open for business, continuing to operate if the union decides to conduct rotating strikes across the country next week. We will notify customers of any disruptions planned by the union as soon as we are aware, however customers may experience some minor delays.”The possibility of a work stoppage has hovered over Canada Post since Sept. 26 after postal workers voted overwhelmingly in late summer in support of a potential walkout to back their contract demands.Canada Post is the biggest parcel shipping company in the country, having delivered about one million parcels per day during the holiday season last year — an increase of 20 per cent over the same period in 2016.The postal service also has contracts with numerous provinces to deliver the legal online cannabis sales that begin Wednesday, including Ontario where online sales will be the only source of the product until next April.last_img read more

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US stocks climb as technology companies gain ground

first_imgNEW YORK — U.S. stock indexes are rising Wednesday morning as software maker Salesforce leads a rally in technology companies. Health care stocks are also higher. Luxury retailer Tiffany is dropping after it said tourists from China pulled back on spending in its latest quarter, which hurt its sales.Federal Reserve Chairman Jerome Powell will give a speech later in the day and investors who are worried about slowing economic growth will look for hints the Fed might be willing to raise interest rates at a slower pace.KEEPING SCORE: The S&P 500 index added 10 points, or 0.4 per cent, to 2,692 as of 10 a.m. Eastern time. The Dow Jones Industrial Average rose 159 points, or 0.6 per cent, to 24,908. The Nasdaq composite jumped 44 points, or 0.6 per cent, to 7,127. The Russell 2000 index of smaller-company stocks gained 6 points, or 0.4 per cent, to 1,499.OUT IN FORCE: Customer-management software developer Salesforce climbed 5.3 per cent to $134.29 after its earnings and revenue were stronger than analysts expected. That helped pull technology companies higher in early trading. Software maker Adobe rose 3.7 per cent to $240.76 and cloud computing company Citrix Systems added 1.9 per cent to $110.55. Microsoft rose 1.2 per cent to $108.48 and Apple picked up 1.2 per cent to $176.24.DIAMOND CUT: Tiffany skidded 9.3 per cent to $95.18 after it said foreign tourists, especially from China, didn’t spend as much at its stores in its latest quarter. That contributed to disappointing sales for the company. Chinese economic growth has slowed since the government clamped down on bank lending last year as part of an effort to rein in surging debt. The U.S.- China trade dispute has also contributed to the slowdown.Rival jeweler Signet lost 3.6 per cent to $50.87.FED SPEECH: Powell will address the Economic Club of New York on Wednesday. Recent remarks by Powell and other officials have made investors more hopeful that the Fed might raise interest rates at a slower pace next year. It’s been steadily raising those rates since the end of 2015 and is expected to announce another increase in December. But with economic growth in the U.S. and other regions likely to slow down next year, investors are concerned that rising interest rates will hinder the economy and the bull market.Bond prices fell. The yield on the 10-year Treasury note rose to 3.06 per cent from 3.05 per cent. The yield on the 2-year note jumped to 2.84 per cent from 2.81 per cent.JAMMED UP: Jam and packaged food maker J.M. Smucker fell 3.9 per cent to $104.95 after it reported a smaller profit and less revenue than analysts had expected. Smucker also pared its forecasts for the full year. General Mills lost 1.4 per cent to $41.85 and Kellogg lost 0.7 per cent to $61.82.STABILIZING? Boeing recovered a sliver of its recent losses as investigators in Indonesia discussed their probe into the crash of a Boeing 737 MAX 8. Indonesian authorities said they are still struggling to understand why the plane crashed, but added that faulty equipment and carrier Lion Air’s own safety failures had pilots fighting for control of the plane as it fell into the Java Sea on Oct. 28, killing all 189 people aboard.The MAX is Boeing’s newest plane, and questions about the crash have pulled Boeing’s stock lower. The stock rose 2.1 per cent to $324.73 Wednesday, but it’s still down 12 per cent since Nov. 8, when federal regulators gave an emergency directive telling pilots how to handle incorrect data from a sensor that may have malfunctioned during the flight. Pilots for U.S. airlines have said that they were not told about a new feature in the MAX that could pitch the nose down sharply if sensors indicate that the plane is about to stall.ENERGY: Benchmark U.S. crude fell 1.2 per cent to $50.92 a barrel in New York. Brent crude, the standard for international oil prices, lost 1.1 per cent to $59.71 a barrel in London.CURRENCIES: The dollar rose to 113.93 yen from 113.79 yen. The euro fell to $1.1271 from $1.1296.OVERSEAS: France’s CAC 40 rose 0.3 per cent and the FTSE 100 in Britain added 0.2 per cent. Germany’s DAX was little changed.Japan’s benchmark Nikkei 225 rose 1 per cent and South Korea’s Kospi recovered 0.4 per cent. Hong Kong’s Hang Seng added 1.3 per cent.____AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAPMarley Jay, The Associated Presslast_img read more

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French Rapper La Fouine’s Music Video to be shot in Marrakech

by Ouassima BoujradFez – In a recent Tweet, French rapper La Fouine states that one of his music videos on his latest mixtape “Capitale Du Crime 4 (CDC 4)” will be shot in Marrakech, Morocco in the coming days.En plein tournage de clip pour #cdc4 Avec mon frero @Glenn_SmithDnp Rdv ce soir à Marrakech au Pacha #showdefou RT pic.twitter.com/Gitc5BU3zh— lafouine (@lafouine78) August 15, 2014La Fouine’s real name is Laouni Mouhid. He was born in 1981 in Trappes, France, and raised in a city just outside Paris. His parents are Moroccan. He is best known for his song, “la Ferme.” His career had a difficult start at the age of 14. He sacrificed his education to start his rapping career, based on his imitation of many singers and rappers of the time. In 2003, he introduced himself as a freestyle rapper with the production of the first mixtape.His depiction of his life’s events through song sets him apart from others in the industry, in lyrics like: “Peace on earth, Ma life, Du ferme, La fouine et Laouni, la fetes des mères and Quand je partirais.” These songs strongly reflect his life experiences.With more than 100 songs and 14 albums in his repertoire, La Fouine is one of the top rappers in France. He was awarded the MTV Europe music award for best French act in 2013. He took the role of the Arab gang leader in the 2009 film District 13: Ultimatum, his first role as an actor.The video for “Capitale Du Crime 4 (CDC 4)”, which will be shot in Morocco, is his fourth of that name. Three have been released before it, since 2008. read more

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Morocco Ranks 98th in OXFAM’s Commitment to Reduce Inequality Index

By Mohamed HikalRabat – An OXFAM report has ranked Morocco 98th among 157 countries in the Commitment to Reducing Inequality (CRI) Index issued this month.Along with Development Finance International (DFI), OXFAM developed the index to measure government commitment to reduce the gap between the rich and the poor. The CRI index is based on three indicators: Social spending, tax law, and labor rights.Reducing inequality comes under the 10th sustainable development goal. The report asserts, “Without reducing inequality, meeting SDG 1 to eliminate poverty will be impossible.”Morocco ranked 112th in spending with a score of 0.179, 78th in taxation policies with 0.531, and 101st in labor rights and wages with 0.337.In 2017, the first year OXFAM produced the index, Morocco ranked 103rd. It ranked 99th in social spending, 140th in taxation policies, and 50th in labor market policies.In the 2018 report, Denmark, Germany, and Finland were ranked in the top three while Haiti, Uzbekistan, and Nigeria were the bottom three.In sub-Saharan Africa, where “the gap between rich and poor is greater than in any other region of the world apart from Latin America,” South Africa came first. It ranked second in social spending, first in taxation policies, and seventh in labor rights.Tunisia ranked highest of the 11 Middle East and North Africa countries included. It came first in social spending and second in taxation policies and labor rights. Morocco ranked 6th in MENA.Many countries in the MENA region were not included due to the unavailability of data on government policies.No Arab or African country appeared among the high-income countries that had introduced progressive taxation, strong welfare conditions, and safety for their workers. read more

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The top iPhone and iPad apps on App Store

App Store Official Charts for the week ending February 17, 2019:Top Paid iPhone Apps:1. Minecraft, Mojang2. Heads Up!, Warner Bros.3. Plague Inc., Ndemic Creations4. Facetune, Lightricks Ltd.5. iSchedule, HotSchedules6. Geometry Dash, RobTop Games AB7. Bloons TD 6, Ninja Kiwi8. NBA 2K19, 2K9. Dark Sky Weather, Jackadam10. The Game of Life, Marmalade Game StudioTop Free iPhone Apps:1. Color Bump 3D, Good Job Games2. Ball Mayhem, Voodoo3. YouTube: Watch, Listen, Stream, Google LLC4. Instagram, Instagram, Inc.5. Honey Smart Shopping Assistant, Honey6. TikTok – Real Short Videos, musical.ly Inc.7. Snapchat, Snap, Inc.8. Messenger, Facebook, Inc.9. IRS2Go, Internal Revenue Service10. Gmail – Email by Google, Google LLCTop Paid iPad Apps:1. Minecraft, Mojang2. Procreate, Savage Interactive Pty Ltd3. Notability, Ginger Labs4. GoodNotes 5, Time Base Technology Limited5. Amazing Frog?, FAYJU6. Geometry Dash, RobTop Games AB7. Toca Hair Salon 3, Toca Boca AB8. Bendy and the Ink Machine, Joey Drew Studios Inc.9. Toca Kitchen 2, Toca Boca AB10. Plague Inc., Ndemic CreationsTop Free iPad Apps:1. Color Bump 3D, Good Job Games2. Netflix,Netflix, Inc.3. Ball Mayhem, Voodoo4. YouTube: Watch, Listen, Stream, Google LLC5. Matchington Mansion, Firecraft Studios Ltd.6. Polysphere, Playgendary7. Sausage Flip, MADBOX8. Helix Jump, Voodoo9. Amazon Prime Video, AMZN Mobile LLC10. Roblox, Roblox Corporation__(copyright) 2019 Apple Inc.The Associated Press read more

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Vigilance crucial as influenza AH1N1 virus continues to evolve – Ban

“There is still much that is not known about this new strain and the dangers it poses. We should not allow intense media coverage to alarm us. At the same time, we should avoid a false sense of security if such coverage declines,” Mr. Ban told Member States today as he briefed them on the current situation.“In the face of uncertainty, we must be vigilant,” he added. “We must pay close attention to the advice of the World Health Organization (WHO).”The latest update from WHO, as of 18:00 GMT today, says that 21 countries have officially reported 1085 cases of influenza A (H1N1) infection.Mexico has reported 590 laboratory confirmed human cases of infection, including 25 deaths, while the United States has reported 286 laboratory confirmed human cases, including one death.Countries that have reported laboratory confirmed cases with no deaths are Austria (1), Canada (101), China, Hong Kong Special Administrative Region (1), Costa Rica (1), Colombia (1), Denmark (1), El Salvador (2), France (4), Germany (8), Ireland (1), Israel (4), Italy (2), Netherlands (1), New Zealand (6), Portugal (1), Republic of Korea (1), Spain (54), Switzerland (1) and the United Kingdom (18). WHO’s pandemic alert still remains at Phase 5 – on a six-level warning scale – meaning that sustained human to human transmission had been confirmed, with widespread community outbreaks in at least two countries in one WHO region.Mr. Ban informed Member States that WHO has no plan to raise the alert level to 6 at this time, but the agency continues to warn that a pandemic is possible. He added that even if WHO does declare Phase 6 – a pandemic – that would be a statement about the geographic spread of the virus, not its severity. WHO Director-General Margaret Chan, addressing the meeting by video from Geneva, noted that the criteria for moving to Phase 6 will be met when “we see, in one region outside North America, clear evidence of community-level transmission.” The agency has dispatched around 3 million doses of flu medicine to some 70 countries, mainly in the developing world, said Ms. Chan. But this is not sufficient and WHO is working to get more doses.The Secretary-General pointed out that the current situation is yet another reminder that viruses do not respect national borders, and that transmission in one country or region can threaten people all over the world. “Our response must reflect enlightened self-interest and global solidarity at its best. This is a test for us all,” he stated.Fortunately, the world is better prepared than ever to deal with a pandemic, including with a UN system that has done a “tremendous” amount to strengthen its readiness, he noted.In 2006, following concerns about a highly pathogenic avian influenza virus, the UN system started to prepare for a possible pandemic. Working under a steering committee chaired by the Deputy Secretary-General, a small coordination unit brought together the Secretariat, the World Bank and a broad range of agencies, funds and programmes. The initiative, which also involved Governments, Red Cross and Red Crescent societies, defense forces, businesses, non-governmental organizations (NGOs) and humanitarian organizations, aims to ensure that the UN supports local and national authorities as they seek to meet the urgent health needs of their people.It also seeks to ensure that there is little or no interruption in the critical services the UN provides, and to ensure the safety and security of the world body’s staff and assets.“The bottom line is this: if and when the world faces a severe influenza pandemic, the UN system is ready,” Mr. Ban stated.He added that, in two weeks from now in Geneva, he intends to bring donors and the private sector together to explore how they all can contribute to H1N1 mitigation efforts.General Assembly President Miguel D’Escoto stressed that “our response must be swift but measured. Our messages should be clear and fact-based.“We must avoid over-reaction that will disrupt lives even further in these times already fraught with serious problems affecting virtually all nations.”At a news conference in New York, David Nabarro, Senior UN System Coordinator for Avian and Human Influenza, emphasized that public awareness about the H1N1 virus was crucial to prevent its spread. WHO, the UN Children’s Fund (UNICEF) and other bodies were informing the public and other professionals through ad campaigns, leaflets, web tools and word of mouth, but public outreach was still difficult in many areas. “We have learned that we have to sometimes be repetitive almost in a rather boring way with some key message, for example, about personal hygiene,” he stated. Despite repeated warnings, many people still failed to wash their hands frequently, and to refrain from unnecessary handshaking and kissing.Meanwhile, the UN Food and Agriculture Organization (FAO) today again urged national authorities and farmers to carefully monitor pigs and investigate any possible occurrences of flu-like symptoms in domestic animals, after the H1N1 virus was found to be transmitted by a human to pigs in Canada. “The human-to-animal transmission that occurred in Canada does not come as a surprise as influenza viruses are capable of transmitting from humans to animals,” FAO’s Chief Veterinary Officer Joseph Domenech said. “The Canadian event should therefore not be a matter of panic, but it should remind us of the human-animal link in virus transmission on which we definitely need to keep an eye.” 4 May 2009The United Nations has no plans to raise the global alert level on the influenza A(H1N1) virus to Phase 6 at this time, Secretary-General Ban Ki-moon said today, while stressing the need for vigilance and preparedness as the outbreak continues to evolve. read more

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US navy rescues stranded Sri Lankan fishermen

The commanding officer aboard Anchorage, Capt. J.J. Cummings, ordered the dispatch of a rescue and assistance team, which determined Lakshan had experienced a crank case explosion, leaving both engines unworkable and beyond at-sea repair. The fishing vessel had been at sea without power for one day when the fishing vessel’s crew hailed the crew of Anchorage for assistance. The rescue and assistance team delivered food, water and car batteries to power the stranded vessel temporarily to the crew of Lakshan. M/V Beyanara, roughly 165 nautical miles away at the time of Anchorage’s arrival on station, was dispatched for assistance by the fishing vessel’s parent company. Anchorage remained on station until their arrival.Beyanara arrived the afternoon of Nov. 5, at which point the crew aboard Beyanara assumed on-scene commander responsibilities from Anchorage’s commanding officer, and is now in the process of towing the vessel and crew back to land. “Once our Rescue and Assist Team determined the vessel was dead in the water and 300 miles from land with no food or water, it was obvious that the crew was facing a life or death situation,” said Cummings. “Giving them assistance became our number one priority, and we were not going anywhere until we had full confidence that the crew was safe. Our Sailors instantly flexed from underway operations to mariner assistance, and it was a beautiful thing to watch.”“This event stands as testimony to what lengths our nation will go to help complete strangers and the remarkable professionalism of the Anchorage Sailors,” continued Cummings. “Our bridgewing lookouts, who were the first to spot their distress signal, literally saved the lives of these mariners in distress.”Anchorage is assigned to the Essex Amphibious Ready Group, commanded by Capt. Clint Carroll. The Essex ARG, and embarked 15th Marine Expeditionary Unit, is deployed in support of maritime security operations and theater security cooperation efforts in the U.S. 7th Fleet area of operations. (Colombo Gazette) Watchstanders spotted six mariners aboard the vessel waving articles of clothing in an attempt to get the attention of the U.S. Navy ship as Anchorage was transiting through the U.S. 7th Fleet area of operations. The US navy assisted a group of Sri Lankan fishermen stranded at sea in the Indian ocean.A statement by the US navy said that the San Antonio-class amphibious transport dock ship USS Anchorage (LPD 23) rendered assistance and provided aid to the crew of the stranded Sri Lankan-flagged fishing vessel, M/V Lakshan, Nov. 4 at 12:30 p.m. local time. read more

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Womens Basketball Is Ohio State peaking or benefiting from its schedule

Ohio State redshirt senior guard Linnae Harper defends Purdue guard Andreona Keys during the Buckeyes game against the Boilermakers on Feb 18. Credit: Colin Hass-Hill | Sports EditorNothing went right for the Ohio State women’s basketball team in mid-January. It was consistently outrebounded, out-hustled and neither kept its opponents off the scoreboard nor scored enough to make up for the constant barrage of shots made by its adversaries. During a three-game stretch a little more than a month ago, the Buckeyes lost games to Michigan, Maryland and Iowa, allowing 84, 99 and 103 points, respectively. However, Ohio State rattled off eight straight conference wins after those losses against lesser competition and watched Maryland blow its Big Ten lead with a three-game losing streak of its own, propelling the Buckeyes to an outright conference regular-season championship.Ohio State responded from the poor defense shown in the three mid-season losses by holding opponents to fewer than 68 points in each contest. It appears the Buckeyes are peaking at the right time, but a look beyond the final scores paints a more skeptical picture of recent successes.Despite the blowout losses, morale did not seem expectedly low. Redshirt senior forward Stephanie Mavunga said she felt Ohio State still had a “target” on its back as the favorite to win the conference after her team beat Michigan State 78-62 to end the three-game slide. Even head coach Kevin McGuff, who had just watched his defensively challenged team allow more points than any three-game stretch in his tenure leading the Buckeyes, took a business-as-usual approach, preferring to focus on being their best late in the season.“I said this yesterday, our goal is to be at our best in March,” Ohio State head coach Kevin McGuff said after the win against the Spartans on Jan. 27. “There’s going to be high points and low points in every season. Let’s make sure this was the lowest point. Let’s learn from it. Let’s move forward in a manner that we’re going to be incredibly diligent about working hard to get back to where we were and to even be better than that.”Ohio State senior guard Kelsey Mitchell delivers a pass as she crashes into a defender during the Buckeyes game against the Boilermakers on Feb 18. Credit: Colin Hass-Hill | Sports EditorMarch has nearly arrived, and the team that struggled through those three games has won eight games in a row. The Buckeyes seemed to have listened to McGuff, peaking entering the season’s final month. Ohio State had three games against Michigan State, Wisconsin and Penn State in which it allowed an average of 60.3 points per game, the lowest during a three-game stretch in McGuff’s tenure at Ohio State. But the Buckeyes improved upon that by allowing 59.3 points per game in the final three games of the season — against Purdue, Northwestern and Penn State.Their offense has not suffered despite clamping down defensively. Ohio State has scored at least 78 points in five of the past eight conference games and has won each by at least 13 points. Everything seems to be clicking. Yet, there are some glaring factors that suggest otherwise.The Buckeyes knocked off the seven lowest-ranked teams in the conference, including two wins against Penn State, in a row to capture the regular-season championship. Even halfway through the conference win streak, the Buckeyes traveled to South Florida and were destroyed, 84-65, by the No. 20 Bulls. Ohio State knocked off No. 16 Stanford with a commanding 85-64 victory to begin the season, then nearly handed No. 4 Louisville a loss the following game, but fell 95-90 in overtime. That came in the first week of the season, and outside of an overtime win at Michigan in early January, it was the best the Buckeyes played the whole year.Ohio State has particularly struggled against top-level teams with a dominant post player.A rebounding-challenged team that starts four guards, including three who are listed 5-foot-8 or shorter, Ohio State had an impressive plus-19 rebounding margin in its final game of the season. But Penn State entered the game with the conference’s worst rebounding margin.The Buckeyes outrebounded their opponents in just three of the eight end-of-season conference wins, despite all of them coming by double-digits.The recent margins of victory, amounting to a Big Ten title, seem impressive, but they will not matter much if the defense and rebounding issues that have plagued Ohio State for years resurface in the conference and NCAA tournaments.It won’t take long to find out if the improvements are real or if they have been enhanced by inferior opponents.In order to win its first Big Ten tournament since 2011, Ohio State must go through two of its most difficult opponents of the season. The Buckeyes will likely play the Hawkeyes in the semifinals. With a victory there, they’ll have another shot at the Terrapins.For a team with just seven rotation players, five of whom are playing their final season in scarlet and gray, the pressure is on to peak in March, and March will have arrived by the time Ohio State opens play in the Big Ten tournament. read more

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Indian steel is on the rise

first_imgAttention is focussed on the Indian steel industry following reports that Tata Steel may make a takeover bid for Corus. GFMS Metals Consulting has just published a report – Indian Steel: The Next China? – The Prospects for the Indian steel industry out to 2011.The report provides SWOT analysis (strengths, weaknesses, opportunities & threats,) on the leading producers in India including Tata. It also provides an in-depth analysis on the latest trends and developments within the Indian steel sector.High international steel prices coupled with soaring domestic demand have triggered an investment boom in the Indian steel industry. Utilizing domestic iron ore, cheap labour and an experienced cadre of metallurgical engineers, a vibrant entrepreneurial class of steel executives hope to turn India into a low-cost, globally-competitive steelmaking nation to feed rising domestic and international demand. This environment has also attracted two leading global steelmakers, Posco and Mittal Steel, to attempt to enter the market.However, there are difficulties still to be overcome. There are limited domestic coking coal resources, the cost of capital is high, the expansion is predicated on exporting to global markets and economic constraints remain in terms of infrastructure, while multiple political constraints could result in delay. Any downturn in demand could result in massive over-supply and a glut of steel entering the global market that could be hit with anti-dumping duties.India has been in this situation in the past. In the mid-1990s, the liberalization of the economy and the entrance of new private-sector players resulted in a wave of debt-financed investments. A global slowdown in steel demand coupled with a weakness in the domestic market over 1998-2001 resulted in multiple bankruptcies, some closures and debt restructuring. The industry generally did not become profitable again until global steel prices rose in 2004.GFMS’ base case scenario is that a significant proportion of announced greenfield capacity will not actually be developed in the next five years. Very simply the capital requirements of over $75 billion cannot be raised internally. However, brownfield expansions at existing steelmakers, the backward integration of re-rollers and the forward integration of smaller DRI or pig iron producers into steelmaking coupled with the emergence of two to three new greenfield sites will push up steel output sharply. While domestic demand will grow in excess of forecast GDP rates, it will not be enough to absorb all the additional steel, and an increasing proportion (particularly for flat products) will be exported.Total net consumption of flat products was just 10.8 Mt in 2005, but this is a 37% increase over the last five years. Long product consumption has grown by 40% over the last five years and accounts for 64% of total demand.Crude steel output should increase to 72.7 Mt by 2011 – an average annual increase of 9.2%. Finished steel demand will rise by a slightly more constrained, but still very strong 8.6% per year, with the balance going to semis exports. By 2011, total slab exports from India will be in excess of 2.5 Mt/y.Despite strong rates of growth in domestic consumption going forward, and a conservative approach to actual capacity being built, India will build up a structural excess of output. By 2011, GFMS forecasts that India will be exporting 11 Mt of steel products.It is India’s iron ore reserve base that gives it an advantage in low-cost steelmaking. While historically, the public sector dominated mining, the last five years has seen an explosion in private sector mining. Exports now account for more than 50% of output. This is of concern to steelmakers, who with the exception of Tata, SAIL and to a lesser extent Jindal, are not integrated upstream. The conflict between the mining sector that wants to maintain exports (and the profits that go with them) and the steelmaking sector that wants to restrict or abolish exports (in order to reduce the price and transfer the mining profits to their own operations) was meant to be resolved by the Hoda Committee. Its initial recommendations were essentially for a continuation of the status quo, with restrictions on high-grade ores, but no major restrictions on other exports, with a promise to look again in ten years time. GFMS predicts that Indian iron ore production will increase to 170 Mt by 2011, of which 65 Mt will be exported.India produces only around 8 Mt/y of coking coal compared to demand of 28 Mt/y, and even that is high in ash. This means that traditional blast furnace production has to use imported coal for blending with domestics or imported coke. This adds to the cost structure. The solution for those companies that have or are building that type of steel mill is to go offshore and to try and secure ownership of overseas assets.Alternatively is the use of DRI or sponge iron. India is now the world’s largest producer of DRI and the major producer of coal-based DRI which uses non-coking coals. Although these are high in ash and major polluters, the independent DRI sector is soaring with low capex and high profitability at present. DRI consumption as a proportion of the metallic mix is expected to rise from 19% to 24% on average over the next five years compared to the previous five.last_img read more

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