Brits to lift GDP by £16bn in post-Covid spree as savings balloon to £160bn

first_img whatsapp The bank economist said that although the share of excess savings that will be spent seems underwhelming, at 10 per cent, it is still over-and-above the planned spending these household usually enjoy. Josh Martin whatsapp Even a more conservative splurge by Brits spending between five and 10 per cent of their excess savings would equate to “roughly a 0.5 per cent to 1.0 per cent of GDP boost to the near-term outlook”. Higher-earning Brits will help boost UK GDP this year by spending £16bn of the nation’s £160bn pot of excess savings, built up over the pandemic, once lockdown eases. “These households, some may be on furlough and their costs are similar to before but their income is lower, are still reliant on credit, welfare, debt or family”. Cashed-up Brits are likely to knock back the Pimms on more days out, take holidays and spend, spend, spend. (Photo by Alan Crowhurst/Getty Images) Also Read: Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn They also predict a higher share of it will be spent as Covid-19 restrictions end, “So, think of a couple who likes to go out to restaurants, they’re now likely to dine out twice a week instead of once”. Cashed-up Brits are likely to knock back the Pimms on more days out, take holidays and spend, spend, spend. (Photo by Alan Crowhurst/Getty Images) Also Read: Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn Share Bank of England chief economist Andy Haldane said last month that large household Covid savings could see the UK economy benefit from an explosion in consumer spending post-lockdown to help charge a rapid economic recovery. Wednesday 10 March 2021 6:38 pm Cashed-up Brits are likely to knock back the Pimms on more days out, take holidays and spend, spend, spend. (Photo by Alan Crowhurst/Getty Images) Also Read: Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn While the Bank of England conservatively predicts around five per cent of the squirelled-away savings will be splashed out on extra nights out, meals, holidays, cars and more, Deutsche Bank wonks think it could be 10 per cent or even more. The bottom half of income earners are actually more likely to be going into debt and hardly saving anything. However, Raja said figures had shown a two-tier system,with low income households bearing the brunt of the worst of the pandemic. Economists at Deutsche Bank have revised upwards their estimates of the total pool of excess savings across bank accounts in the UK to a whopping £160bn. The past year’s declining costs and £400bn of government spending on Covid support has led to a large amount of savings for some Britons, with more than £18bn estimated to have been saved by households in January alone. Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn And that would still be a boost for long-closed restaurants, travel agents and car sales showrooms. “Would I be shocked by a £20bn figure of extra spending? No,” said one of the bank’s economists Sanjay Raja. The Office for Budget Responsibility has estimated only five per cent of the pool of excess savings will trickle down into the economy. Cashed-up Brits are likely to knock back the Pimms on more days out, take holidays and spend, spend, spend. (Photo by Alan Crowhurst/Getty Images) Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Tags: Coronavirus Deutsche Bank employment and wages UK jobs, employment and wageslast_img read more

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RIP Don Cornelius

first_imgUncategorizedRIP Don CorneliusBy Kimberly Jacobs – February 2, 2012452ShareEmailFacebookTwitterPinterestReddItThis morning, the 75-year-old creator and host of Soul Train, Don Cornelius, was found with a gunshot wound to the head in his Sherman Oaks home. He was later pronounced dead at Cedars Sinai hospital. Although Cornelius’ death has been preliminarily ruled a suicide, the Los Angeles Police Department has opened an investigation.Soul Train was the hippest trip in America during the ‘70s. The TV show, which was originally set and aired in Chicago, featured live performances by musical acts. Soul Train moved to Los Angeles once it became nationally syndicated.Cornelius gave local kids the chance to dance down the famous “Soul Train line” on his show every week, and it became a showcase for new dance moves and fashion during its 35 years on the air (Michael Jackson learned the moonwalk after seeing it on the show).Cornelius was also known for signing off each episode with “love, peace, and sooouuul.” He brought attention to the African American community with show games like the scrabble board, where two dancers had to unscramble a word, name, or phrase. The answers always related to black culture.Cornelius stopped hosting Soul Train in 1993, but it continued to air until 2006, making it the longest-running nationally syndicated show in television history.As someone who grew up watching Cornelius every Saturday morning, I found the news of his death shocking and sad. He brought love, peace, and soul into so many lives. It’s especially tragic his life ended this way. Photograph courtesy of www.museum.tv/DonCornelius TAGS2012February 2012L.A. CulturePrevious articleTweets of the Day, Signing Day EditionNext articleUggie The Dog to Steal The Show?Kimberly Jacobs RELATED ARTICLESMORE FROM AUTHORFollow in Pee-wee Herman’s Footsteps Across L.A.What Defines a Successful Immigrant?The Undocumented Immigrants Who Are Redefining ‘American’last_img read more

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Building a strategic, niche business is critical for securities dealers

first_img Facebook LinkedIn Twitter Keywords Investment dealersCompanies Investment Industry Association of Canada PI Financial bought by joint venture “A core group of smaller firms, a critical mass of some 70 to 80 firms have built strategic niche businesses, cut operating costs to the bone and adapted technology to compete effectively and compensate for lack of scale,” said Russell during a speech at the Empire Club of Canada’s annual investment outlook, at which he presented the results of the IIAC’s 2016 survey of investment dealer CEOs. In developing these niche businesses, these smaller firms are focusing on specific areas in which they have a competitive advantage in expertise and client relationships, according to Russell. Overall, CEOs are optimistic about their retail businesses, which they say will remain the largest contributor to their revenue in 2017. In fact, 62% of investment dealers’ revenue in 2015 came from the wealth-management side of the business, with investment banking being the second most popular source of revenue, at 18%, according to the IIAC’s research. There are particular demographic shifts that are driving the wealth-management side of the business, Russell said. “The retail business benefits from an aging population. Demands for services such as financial and estate planning will escalate,” he explained. “Over the next decade, we will see the largest intergenerational wealth transfer in Canadian history. And the amount will grow even larger in subsequent decades.” Changing demographics is also leading to a younger, millennial investor and the IIAC asked dealer CEOs for their thoughts on the effects that robo-advisors will have on their businesses. CEOs are overwhelmingly positive on the matter. Approximately two-thirds of CEOs feel that robo-advisors have a complementary impact on their businesses. Furthermore, 40% of CEOs say these automated investment tools are important to building relationships with younger clients while another 40% believe robo-advisors are helpful in serving clients with lower levels of investible assets. Still, the investment industry has seen challenges in recent years and is becoming smaller as a result. More than 60 boutique firms have closed down since 2012 and 50 existing firms are currently losing money, Russell noted. The IIAC’s research indicates that more than half (55%) of CEOs anticipate that the number of firms that will exit the industry will grow in the next two years and likely be greater than the 22 firms that closed their doors in the past two years. CEOs also shared their thoughts on the major cost pressures facing their businesses, with 70% saying compliance expenses take the top spot, which is an unsurprising finding considering the “significant ramping up in compliance requirements to meet an expanding rule book,” said Russell. About two-thirds (65%) of CEOs say their dealers expect to spend more on technology in 2017 than they did in 2016 and 35% expect to spend about the same amount. Similarly, 60% of CEOs indicate their firms’ technology spending toward cybersecurity efforts in the next two years will exceed that of the previous two years and 30% say they are focusing their technology budgets to streamline processes in their front and back offices. “Smaller firms have focused on these technology applications to reduce costs and compensate for lack of scale,” Russell explained. The IIAC’s survey was conducted from Nov. 3–25, 2016, and includes the responses of CEOs of the association’s 132 dealer member firms. Photo copyright: macfromlondon/123RF Ontario task force looks to boost industry competition Related news Share this article and your comments with peers on social media Leede Jones Gable launches capital markets business RBC holds off Canadian fixed income rivals Tessie Sanci Although the investment industry continues to lose securities dealers in the face of competitive pressures and rising costs, certain firms are demonstrating what it takes to be resilient in a challenging environment, said Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC), at an event in Toronto on Thursday. last_img read more

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Volcker Rule revisions meet with U.S. industry approval

first_imgWall street sign in New York with American flags and New York Stock Exchange background. kasto/123RF The U.S. securities industry is applauding changes to the so-called Volcker Rule, which was adopted in the wake of the financial crisis to help insulate banks from trading risks.On Tuesday, U.S. financial regulators approved amendments to the rule designed to simplify its requirements and ease some of the restrictions it imposed on banks. Facebook LinkedIn Twitter “The limits and protections put in place by the prior version of the ‘Volcker Rule’ remain to ensure inappropriate risk practices do not recur. At the same time, we have made substantial progress eliminating ineffective complexity and addressing aspects of the rule that restrict responsible banking activity based on our experience with the rule,” said U.S. Comptroller of the Currency (OCC), Joseph Otting, in a statement.Among other things, the Volcker Rule prohibits banks from engaging in proprietary trading, and from controlling hedge funds and private equity funds.Yet, this seemingly simple policy goal has also faced significant implementation and compliance challenges.“Distinguishing between what qualifies as proprietary trading and what does not has proven to be extremely difficult. Meanwhile, banks that do relatively little trading are required to go through substantial compliance exercises to ensure that activities that have long been considered traditional banking activities do not run afoul of the Volcker Rule,” noted FDIC chairman, Jelena McWilliams.Last year, U.S. regulators, including the the FDIC, the OCC, the Federal Reserve Board, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) proposed amendments designed to address some of the challenges for firms and regulators.U.S. industry trade group, the U.S. Securities and Financial Markets Association (SIFMA), endorsed the regulators’ effort to revise the rule.“SIFMA supports the [regulators’] goal of reducing compliance-related inefficiencies of the Volcker Rule,” SIFMA president and CEO, Kenneth Bentsen, Jr., said in a statement.“The revisions approved today will help ensure the rule does not negatively and unnecessarily impact market liquidity, capital formation and economic growth, which could be exacerbated during times of stress,” he added.“These revisions do not in any way negate the statutory prohibition on proprietary trading by banks. However, we expect the revisions will provide market participants with more clarity on compliance as they implement the continuing legal restrictions under the rule, and they will make it easier for the regulators to ensure compliance,” Bentsen noted. Pandemic at top of global regulators’ agenda Share this article and your comments with peers on social media FSB delays reforms to securities financing rules Big banks bolstered by reforms: FSB James Langton Related news Keywords Financial services reformCompanies Commodity Futures Trading Commission, Securities and Exchange Commission last_img read more

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Minister Grange Congratulates the West Indies Team on Win Over England in First Test at Sabina Park

first_imgRelatedMinister Grange Congratulates the West Indies Team on Win Over England in First Test at Sabina Park RelatedMinister Grange Congratulates the West Indies Team on Win Over England in First Test at Sabina Park FacebookTwitterWhatsAppEmail “Nothing short of fabulous the way the West Indies played to go one-up in the Test in the series against the touring Englishmen at Sabina Park today.” The words of the Honourable Olivia “Babsy” Grange, Minister of Information, Culture, Youth and Sports.Speaking after the West Indies won the first Test match at Sabina Park this afternoon with a day to spare, Minister Grange, who was at Sabina Park for most of the Test match, said that the entire West Indies team played as if they really wanted to win the match and did so in fine style beating England by more than an innings and in four days.She said Captain Chris Gayle led from the front in scoring his maiden Test Century on his home ground, Sabina Park and that he received superb support from Ramnaresh Sarwan who scored his 12th Test Century in the match. She also had high praises for Brendan Nash for his half-century.“But I believe that bowlers laid the foundation for our victory,” Minister Grange said. “Jerome Taylor with his magnificent five-wicket haul in the second innings and Sulieman Benn, picking up four wickets in either innings of the match, bowled simply magnificently.”“No one would have predicted that the West Indies would have got England out for a mere 51 runs in the second innings.”The Sports Minister who said she was very pleased by the large turnout of supporters at Sabina Park wished the team continued success in the other Test matches of the series, the second of which will be played in Antigua and Barbuda. Advertisementscenter_img Minister Grange Congratulates the West Indies Team on Win Over England in First Test at Sabina Park SportFebruary 9, 2009 RelatedMinister Grange Congratulates the West Indies Team on Win Over England in First Test at Sabina Parklast_img read more

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Independent Reviewer of Prevent, William Shawcross, reopens call for evidence

first_imgIndependent Reviewer of Prevent, William Shawcross, reopens call for evidence Published by the Independent Reviewer of Prevent.The Independent Review of Prevent has been set up to review the government’s strategy for supporting people vulnerable to being drawn into terrorism. It will consider the past and present delivery and impact of Prevent and will make recommendations for the future of the strategy.Today the Independent Reviewer, William Shawcross, has re-opened the call for evidence seeking views in line with the Review’s Terms of Reference.The call for evidence is a critical element of the Review, as set out in its published Ways of Working, and is open for submissions until 11:59pm on 26 May 2021.We want to hear the full range of viewpoints from as many people as possible and encourage you to submit your views to ensure your vital evidence is considered as part of the Review.William Shawcross says:Today I have re-opened the call for evidence for the Independent Review of Prevent. I am grateful to all those who responded to the first such call – their contributions will be considered for my findings and recommendations. I have re-opened the call for evidence now to ensure that the public has another opportunity to contribute to the Review, and to respond to several new questions added as a result of changes to the Terms of Reference. For example, we will now consider the past as well as the present delivery of Prevent, and its impact on individuals, communities and organisations.I hope that supporters and critics of Prevent, and everyone in between, will contribute. I would like to hear from those delivering Prevent on the ground – Prevent practitioners in local authorities, police, teachers and health workers. I am also interested in the views of community and religious organisations and I encourage individuals with personal experience of Prevent to share their stories with me.Finally, I hope academics and think tanks will share their evidence-based research on the subject. All this evidence will help me to identify what is working well, and what is not. /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:community, future, Government, Impact, police, religious, research, terms of reference, terrorism, UK, UK Governmentlast_img read more

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Parliamentary Secretary Pam Damoff highlights investments for Indigenous women entrepreneurs in Budget 2021

first_imgParliamentary Secretary Pam Damoff highlights investments for Indigenous women entrepreneurs in Budget 2021 From: Indigenous Services CanadaToday, Pam Damoff, Parliamentary Secretary to the Minister of Indigenous Services, met with a small roundtable of Indigenous women entrepreneurs and partner organizations to discuss the broad challenges women face in establishing and maintaining businesses and investments from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.Budget 2021 is the Government of Canada’s plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians.Today, Pam Damoff, Parliamentary Secretary to the Minister of Indigenous Services, met with a small roundtable of Indigenous women entrepreneurs and partner organizations to discuss the broad challenges women face in establishing and maintaining businesses and investments from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.The COVID-19 recession is the steepest and fastest economic contraction since the Great Depression. It has disproportionately affected low-wage workers, young people, women, and racialized Canadians. For businesses, it has been a two-speed recession, with some finding ways to prosper and grow, but with many businesses-especially small businesses-fighting to survive. Budget 2021 is an historic investment to address the specific wounds of the COVID-19 recession, put people first, create jobs, grow the middle class, set businesses on a track for long-term growth, and ensure that Canada’s future will be healthier, more equitable, greener, and more prosperous.Indigenous communities are often in rural and remote areas and the success of Indigenous-led businesses, including tourism businesses, is critically important to local jobs and economies.Currently, only 36 per cent of Indigenous-led businesses are owned by women. To address this and make sure women entrepreneurs are empowered in the economic recovery, Budget 2021 proposes to invest $22 million over three years, starting in 2021-22, to support NACCA’s Indigenous Women’s Entrepreneurship Initiative by providing tools, services, and resources to increase the number of Indigenous women entrepreneurs. This funding would support NACCA in achieving its target of increasing the number of Indigenous women entrepreneurs who access financing through Aboriginal Financial Institutions by 50 per cent.The Government of Canada’s top priority remains protecting Canadians’ health and safety, particularly during this third, aggressive wave of the virus and its variants. Vaccine rollout is underway across Canada, with federal government support in every province and territory. Budget 2021 invests in Canada’s bio-manufacturing and life sciences sector to rebuild domestic vaccine manufacturing capacity, and has a plan to put in place national standards for long-term care and mental health services.Budget 2021 is a plan to bridge Canadians and Canadian businesses through the crisis and toward a robust recovery. It is a plan to drive economic growth, a plan to secure women’s place in the workforce, and a plan to offer each and every child in Canada the best start in life. This plan aims to reduce fees for parents by 50 per cent on average by 2022, with a goal of reaching $10 per day on average by 2025-26 for all regulated child care spaces in Canada. It proposes to extend business and income support measures through to the fall and to make investments to create jobs and help businesses across the economy come roaring back. It will support almost 500,000 new training and work opportunities, including 215,000 opportunities for youth; support businesses in our most affected sectors, such as tourism and arts and culture; and accelerate investment and digital transformation at small and medium-sized businesses. Budget 2021 is a plan that puts Canada on track to meet its commitment to create 1 million jobs by the end of the year.Canada entered the pandemic in a strong fiscal position. This allowed the government to take quick and decisive action to support people and businesses, and put it in the position to make historic investments in the recovery.Quotes“Today I heard about the unique challenges that Indigenous women entrepreneurs face, including the need to heal from trauma. These women told me that they don’t have the luxury of starting a business and failing. We want to make sure our economic recovery is comprehensive and inclusive. We are committed to working with partners to ensure that no one is left behind, and that Indigenous women entrepreneurs are given the support and tools they need to build their businesses and flourish as part of COVID-19 economic recovery.”Pam Damoff, Parliamentary Secretary to the Minister of Indigenous ServicesQuick factsBudget 2021 includes $101.4 billion over three years in proposed investments as part of the Government of Canada’s growth plan that will create good jobs and support a resilient and inclusive recovery. Key measures include the following:Closing the gaps between Indigenous and non-Indigenous peoples; supporting healthy, safe, and prosperous Indigenous communities; and advancing meaningful reconciliation with First Nations, Inuit, and the Métis Nation through an historic investment of over $18 billion, including proposed investments of$117 million in 2021-22 to renew the Indigenous Community Business Fund. This will ensure First Nations, Inuit, and Métis Nation communities can continue to provide services and support jobs for their members through collectively owned businesses and microbusinesses affected by the COVID-19 pandemic.$33.4 million in 2021-22 to support the First Nations Finance Authority pooled borrowing regime as follows:$32.5 million to establish a First Nations Finance Authority Emergency Fund to provide repayable financial support for borrowing members encountering difficulties due to COVID-19 or future widespread economic shocks.$925,000 to support the First Nations Finance Authority’s launch of the Commercial Paper Program, which will lower interest rates for First Nations borrowers so that they can secure more manageable funding.$42 million over three years, starting in 2021-22, to expand the Aboriginal Entrepreneurship Program.$2.4 million in 2021-22 to the Indigenous Tourism Association of Canada to help the Indigenous tourism industry rebuild and recover from the impacts of COVID-19.Extending the Indigenous Business Initiative to June 30, 2021, to support Indigenous businesses during the COVID-19 pandemic by providing interest-free loans and non-repayable contributions for First Nations, Inuit, and Métis Nation businesses.Extending emergency supports to bridge Canadians and Canadian businesses through to recovery, including:Extending the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy, and Lockdown Support until September 25, 2021.Extending important income support for Canadians such as a 12-week extension of the Canada Recovery Benefit and 4-week extension of the Canada Recovery Caregiving Benefit.Supporting small and medium-sized businesses through several transformative programs, such as:A new Canada Digital Adoption Program that will assist over 160,000 businesses with the cost of new technology. This program will also provide these businesses with the advice they need to get the most of new technology, with the help of 28,000 young Canadians who will be trained to work with them.Allowing Canadian small businesses to fully expense up to $1.5 million in capital investments in a broad range of assets, including digital and intellectual property. This represents an additional $2.2 billion investment in the growth of Canada’s entrepreneurs over the next five years.Revitalizing Canada’s tourism sector through $1 billion to help tourism businesses recover and support festivals and cultural events that provide jobs and growth in many of our cities and communities.Supporting women, Black Canadians, and other underrepresented entrepreneurs who face barriers to launching and owning businesses through $300 million to enhance initiatives like the Black Entrepreneurship Program and the Women Entrepreneurship Strategy. /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:Aboriginal, Canada, depression, Emergency, entrepreneurs, federal government, Government, health and safety, health services, Indigenous, Investment, mental health, resilience, Small Business, technology, womenlast_img read more

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Blackbird Vineyards Welcomes John and Julia Hinshaw to the Flock

first_img TAGSBlackbird VineyardsJohn HinshawJulia Hinshawpeople Pinterest Email AdvertisementNapa, CA: May 30, 2019 – Blackbird Vineyards welcomes John and Julia Hinshaw as the majority investors with controlling interest in the company.  They have been investors in Blackbird for several years and are pleased to take the relationship to a new level. In their roles, John will become Chairman of the Board and Julia will be Director of Philanthropy.  John and Julia have enjoyed Blackbird wines with their friends and colleagues for numerous years and are excited to work with Aaron Pott, winemaker; Paul Leary, President; and founder Michael Polenske, who will continue his role as Creative Director.“We are thrilled to join the Blackbird Flock and look forward to encouraging our friends to taste the portfolio of wines and become Blackmail members via Blackbird’s RiverHouse tasting room and online at blackbirdvineyards.com” said John and Julia.  The Hinshaws own property and a vineyard in St. Helena and have been making wine since 2012. They are excited to expand the qualitative and case volume growth of Blackbird Vineyards and its existing custom crush clients at the brand’s new state-of-the-art winery that commenced operations last year in the city of Napa.Michael Polenske, Blackbird founder, states “we are fortunate to work with passionate investors like John and Julia. Our team is pleased to have their leadership as we continue to elevate our portfolio of bottlings in the minds of BlackMail members, clients and trade partners around the world.”About Blackbird Vineyards                                                                                        Founded in 2003, Blackbird Vineyards is an artisanal producer of Bordeaux influenced wines from Napa Valley. Crafted by esteemed winemaker Aaron Pott, each wine in the portfolio is a true example of Blackbird’s ongoing commitment to quality and diversity of terroir by partnering with a selection of Napa Valley’s most prestigious vineyards. These include sites in the high altitudes of Spring Mountain and Atlas Peak, the alluvial terrain of Saint Helena, the Oak Knoll district in Napa, and the cool climate of Carneros.Blackbird offers its portfolio of wines to members, clients, restaurants, hotels and retailers throughout North America. The 2017 vintage marked the 15th anniversary of inspired winemaking for Blackbird Vineyards with many vintages’ forthcoming. After all, this winery is Born to Fly…Advertisement Share Twitter Linkedin Previous articleAfternoon Brief, May 30Next articleAfternoon Brief, May 31 Press Release Home Industry News Releases Blackbird Vineyards Welcomes John and Julia Hinshaw to the FlockIndustry News ReleasesWine BusinessBlackbird Vineyards Welcomes John and Julia Hinshaw to the FlockBy Press Release – May 30, 2019 2437 0 Facebook ReddItlast_img read more

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High Commissioner to UK Gets International Award

first_imgRelatedJamaica to Host Closing Ceremony of CCELD This Year High Commissioner to UK Gets International AwardJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedUS President’s Visit Sends Excellent Signal to World – Nicholson RelatedCARICOM Remains Committed to Strengthening Ties with US Photo: JIS PhotographerHigh Commissioner to the United Kingdom (UK), Her Excellency Aloun Ndombet Assamba. (FILE) Story HighlightsHigh Commissioner to the United Kingdom (UK), Her Excellency Aloun Ndombet-Assamba, has been awarded the 2015 World Council of Credit Unions Distinguished Services Award (DSA).The award is scheduled to be presented during a special ceremony in Denver, Colorado, in the United States, on July 13, 2015.Mr. Branch congratulated the High Commissioner on receiving the DSA, “which is the highest honour bestowed by the global credit union movement, and a recognition you well deserve.”center_img FacebookTwitterWhatsAppEmail High Commissioner to the United Kingdom (UK), Her Excellency Aloun Ndombet-Assamba, has been awarded the 2015 World Council of Credit Unions Distinguished Services Award (DSA).The award is scheduled to be presented during a special ceremony in Denver, Colorado, in the United States, on July 13, 2015.“The award is in recognition of your lifetime commitment to the international credit union movement,” said Brian Branch, President and Chief Executive Officer (CEO) of the World Council of Credit Unions.Mr. Branch congratulated the High Commissioner on receiving the DSA, “which is the highest honour bestowed by the global credit union movement, and a recognition you well deserve.”High Commissioner Ndombet-Assamba said she is very honoured to receive the award. “I would like to pay tribute to the City of Kingston Credit Union and the Jamaica Credit Union movement for giving me the opportunity to serve,” she said.The High Commissioner had an illustrious career at the City of Kingston Credit Union (COK), rising to the level of General Manager in 1994, a post she held until 2002. High Commissioner to UK Gets International Award Foreign AffairsApril 17, 2015Written by: Vivienne Siva Advertisementslast_img read more

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ByteDance makes IPO progress

first_img Apps Related Previous ArticleTSMC braced for continued chip shortagesNext ArticleZTE teams up with Beeline to deploy Uzbekistan’s largest virtualized SDM platform AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 15 APR 2021 China expands app curbs China impone restricciones a más aplicaciones Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more ByteDance reportedly made sweeping changes to domestic IPO plans, dropping a move to separately list its Douyin video app in favour of a move involving its entire Chinese and international operations.Caixin Global reported ByteDance hired advisers to oversee the process, and planned to file its prospectus on the Hong Kong stock exchange.The news agency reported in 2020 ByteDance would aim to complete a listing during H1 2021.China Securities Journal reported ByteDance had informed the Hong Kong exchange it had appointed securities underwriters, a step required as part of the IPO process.Opposition to the TikTok variant of the video app in the US scuppered plans for a listing in the nation, Caixin Global stated, though Bloomberg reported ByteDance remained keen on such a move.Caixin Global noted if the Hong Kong IPO proceeds as planned, ByteDance would immediately be the exchange’s third-largest business, behind Tencent and Alibaba Group respectively, assuming an overall valuation of $300 billion. Subscribe to our daily newsletter Backcenter_img Ericsson warns over loss of China market share Author Yanitsa Boyadzhieva Home ByteDance makes IPO progress Tags ChinaIPOlast_img read more

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