Workers feel they are in the dark on impact of Brexit, says survey

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo Workers feel they are in the dark on impact of Brexit, says survey Only a minority of UK employees have been kept informed about the ramifications of Brexit in the workplace, according to KPMG research.In a survey of 4,000 workers commissioned by the professional services firm, 38 per cent of employees said bosses had explained the implications of Brexit at work, while only 39 per cent said their employer was adequately prepared. Labour has said it will not vote for any deal the Prime Minister secures, while pro-Brexit MPs have sounded the alarm over the fact that the deal does not allow the UK to quit a temporary customs union with the bloc unilaterally.The news follows repeated warnings from UK companies that continued uncertainty over Brexit would put their businesses at risk. Yesterday, an IHS Markit survey found business morale was at its lowest since the aftermath of the financial crisis. Tuesday 20 November 2018 4:33 pm whatsapp The sector in which workers felt least prepared was healthcare, which averaged 33 per cent across both metrics. Professional services came out on top, scoring 48 per cent and 51 per cent respectively.James Stewart, head of Brexit at KPMG, called the lack of communication “worrying”, leaving workers “less well prepared to anticipate and back the changes that may be needed to position companies for growth”.Meanwhile, nearly half of EU nationals involved in the survey said their employer had not explained what Brexit might mean for their organisation, despite this group being a “particular flight risk”, according to Punam Birly, employment and immigration partner at KPMG.“Now is the time to be talking to all your workforce, dispelling myths and explaining the support on offer,” she said.Theresa May has secured a draft Brexit deal with the EU but faces an uphill battle to get it through parliament if EU member states approve it at a meeting this week. Alex Daniel Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: Trading Archivelast_img read more

Lawyers know best: Is it time law firms left the LLP behind?

first_img Also Read: Lawyers know best: Is it time law firms left the LLP behind? Lawyers know best: Is it time law firms left the LLP behind? Law firm Ince operates a corporate model. For Biles, it’s a “no-brainer”, as lawyers – still called partners at his law firm – do not have to stump up wads of cash to own a slice of the pie, nor do they face the risk and uncertainty that comes with being self-employed.   However, the SRA’s data is not an entirely reliable source. The SRA does not regulate every law firm in the UK, and because the data comes from Companies House, law firms could be operating as a traditional partnership or LLP internally, but officially registered as something else.   “When you’re an equity partner in a traditional law firm you have a certain percentage of the equity, but that can go up and down. With us, it’s just your own business. Our lawyers are not subject to what the managing partner nor what the remuneration committee thinks.” Alternative business structures (ABSs) – which allow non-lawyers to have a financial stake in a firm – have grown in popularity throughout the 2010s, and for good reason: ABSs can promote entrepreneurship, give lawyers greater control over their working lives, and provide law firms access to more capital, should they need it. whatsapp Also Read: Lawyers know best: Is it time law firms left the LLP behind? Dominant models More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com The executive chairman is quite dismissive of the traditional partnerships; he began his career first as a barrister at Lincolns Inn before working in the legal team at DLA Piper, a major international corporation.   A survey by Arden, an investment bank, estimates that a third of all UK lawyers could be working under the legal consultant banner in five years’ time. The corporate model is run much as any typical business. He says the UK is at the forefront of the evolution of law firm models, and is considerably more accepting of non-traditional models than Europe or the United States. Separately, experts suggest that large, often City-based firms, could move from an LLP to more of a corporate model, and possibly list on the London Stock Exchange.  In 2010, a third of firms regulated by the SRA were LLPs. Today that figure stands at just 14 per cent. Also Read: Lawyers know best: Is it time law firms left the LLP behind? The appeal of the consultant model, says Cooke, is the element of entrepreneurship, and that it gives lawyers control and flexibility over their working lives. Bureaucracy Gunnercooke has been operating a legal consultant business model for 10 years. Founder and executive chairman Darryl Cooke says the firm now works with around 235 lawyers. “Listed law firms have been around for probably 10 years and there’s six, so it’s not exactly the speed of light, but I would have thought that over the next 10-25 year you’ll see a lot more of them.” An SRA spokesperson estimated just over 1,000 firms registered with the SRA were operating an ABS model, meaning the other 9,000 or so firms it regulates operate more of a traditional structure, with lawyers at the helm. “While some of that can be replicated in the corporate model, not all of it can.” Also Read: Lawyers know best: Is it time law firms left the LLP behind? “Anything with real scale will take it on the chin and list, because ultimately the idea of 200 individuals financing a large business I think is quite old fashioned, so I would expect the corporate model to grow and the listed space probably to become a minority in that,” Biles continued. Fast forward to 2021, there are now three dominant law firm models in the UK, not considering sole traders: the LLP, the legal consultant model and the corporate model. The latter two appear to be growing in popularity, while the LLP seems to be losing its shine. The legal consultancy model relies heavily on entrepreneurship and self-confidence, which does not suit everyone. Cooke says his firm sometimes struggles with lawyers underpricing themselves to ensure they win work. Nevertheless, Cooke says it won’t be long before the legal consultancy model is a £1bn market.   The partner adds the government’s recent budget favoured LLPs, as corporation tax had dipped so low that the corporate model was being favoured over the more tax-heavy LLP model, however with the rise in corporation tax to 25 per cent, that was likely to change. The legal consultant business model offers lawyers a central service platform, brand and management infrastructure from which to operate, in return for a percentage of the lawyer’s revenue. The lawyers are self-employed consultants, who retain an average of 70 per cent of their billings, with the remainder taken by the consultancy firm. “There is a real space and need for a model like a partnership, because essentially in law firms we’re people businesses, lawyers want the partnership status, and they have rights to key decision making, rights to the equity and a share in the success of the firm,” Begum continues. The Legal Services Act 2007 paved the way for ABSs, and from 2012 onwards, they came under the Solicitors Regulation Authority’s (SRA) regulatory remit, further legitimising the model.  center_img She points out governance of partnership law firms is typically more flexible than that of a traditional business, and changes in how the law firm is governed, along with how its most senior lawyers are remunerated can be made quickly. Tags: Law firms “We have seven partners altogether, and we sit around a table, virtually these days, and make decisions about the strategy of the firm, any people issues, and its finances. The traditional idea of a partnership is how we operate,” she explains. Recent legislative changes have paved the way for new, alternative structures in law firms, a sector that was previously dominated by traditional partnerships and LLPs – limited liability partnerships. Figures from the Solicitors Regulation Authority (SRA) show the number of LLPs it regulates has gradually decreased since it began collecting data in July 2010. Cooke also argues lawyers can earn more money under his model – if they have “the right mindset”. Zulon Begum is a partner at boutique London law firm CM Murray. Her firm’s structure is that of an LLP, and she firmly believes there is still space in the sector for the more traditional model. Unlike the vast majority of law firms in the country, Ince is a publicly listed company. It was the second law firm to list in the UK, after deciding it needed more capital for expansion. Ince is one of just a handful of listed law firms in the UK. Also Read: Lawyers know best: Is it time law firms left the LLP behind? LLPs down more than half Hannah Godfrey Monday 8 March 2021 1:17 pm Despite the scepticism, and market competition from ABSs, partner models are alive and well in law firms throughout the City of London. “That’s the main thing that started it, but I think what’s happened as well is people realising that they can earn more money under the model. 95 per cent of our lawyers earn more than they did previously. Most of them, the vast majority, will earn two to three times. what they did previously,” according to Cooke. Research suggests the legal consultant business model, operated by the likes of Keystone Law, Gunnercooke and Taylor Rose, will become the dominant model among mid-tier and high street law firms in the near future. For large LLPs, Biles reckons the model will eventually become “niche”, although he acknowledges the legal profession moves at “glacial speed”; so it could take a while. Show Comments ▼ whatsapp Cooke reckons there are around 30 law firms operating the model in the UK, but believes the adoption of the model is likely to accelerate. Also Read: Lawyers know best: Is it time law firms left the LLP behind? Share One of the reasons ABSs are growing in popularity is because young, up and coming talent, typically does not have “a couple of hundred thousand pounds’ worth of bank debt” to put towards becoming a partner, argues Ince chief executive Adrian Biles. If it ain’t broke… I think what’s happening is that people want to get control of their lives,” he says, “and I always say, you don’t want to look back at the end of your life and say ‘I wish I’d done things differently.’ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGeniusAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan Times “At traditional law firms you get remuneration committees, with people judging you, it’s quite bureaucratic, whereas in this model you take control,” he continues. Additionally, she says partnership law firms are still successful, and when it comes to successful firms, why change what is already working?    last_img read more

Alaska elections officials prepare to count votes that could decide three legislative races

first_imgAlaska’s Energy Desk | Politics | State GovernmentAlaska elections officials prepare to count votes that could decide three legislative racesAugust 27, 2018 by Nat Herz, Alaska’s Energy Desk – Anchorage Share:Anchorage GOP Rep. Gabrielle LeDoux’s is one of three legislative primaries that could be decided by Tuesday’s count of absentee votes. (Photo by Skip Gray/360 North)State elections workers are preparing to count hundreds of absentee ballots that are likely to decide the winners of three razor-thin legislative races.The state will conduct an initial count on Tuesday. A final batch of ballots will be counted Friday.The counts will decide the political futures of two powerful Republican incumbents: Senate Majority Leader Peter Micciche of Soldotna and Rep. Gabrielle LeDoux of Anchorage.Both trail their primary challengers by fewer than 10 votes after the initial round of counting last week.There are about 300 absentee and other ballots still to be counted in LeDoux’s race.There are about 800 more uncounted votes in Micciche’s Kenai Peninsula Senate district.And ballots are still coming in — absentee ballots can arrive up to 10 days after an election takes place.Once the counting is done, a losing candidate or group of voters can ask for a state-paid recount in any race decided by fewer than 20 votes, or half a percent.A third race that could end up that close is the one for the Kenai Peninsula House seat now held by Republican Mike Chenault.Wayne Ogle, president of the Kenai Peninsula Borough Assembly, leads by three votes. His opponent is Ben Carpenter, a self-described outsider candidate who farms peonies.Share this story:last_img read more

China fuels investors’ end-of-summer blues

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal Past Sunday 13 September 2015 11:38 pm Express KCS Show Comments ▼ Share China fuels investors’ end-of-summer blues whatsapp whatsapp INVESTOR optimism has plunged to its lowest level since 2013 as fears grow over the slowing of China’s economy.Lloyds Bank’s measure of investor sentiment stooped to a score of three per cent in September form 12 per cent in August, according to survey data released this morning. There were sharp declines in sentiment towards stocks in emerging markets, the UK and Japan as well as commodities. Many commodities have plummeted in price as growth in China, the world’s second largest economy and one of the world’s biggest importers of commodities, loses momentum.Investors were also concerned about the Federal Reserve raising interest rates this week for the first time since 2006. Polarised views on whether the US central bank will opt to hike has led to further market volatility, Lloyds Bank said.Eurozone stocks saw an increase in optimism, possibly due to the European Central Bank’s ongoing stimulus measures. Gold, often seen as a safe haven in stormy markets, also saw a rise in sentiment. “Investor sentiment has this month taken a massive step backwards driven by concerns about the unfolding trajectory of economic activity in China. As the world’s second-biggest economy and its understandable powerhouse status on the world stage, China’s troubles will inevitably impact the global economy,” said Ashish Misra, head of portfolio specialists at Lloyds Bank Private Banking.“In a reversal of last month, sentiment towards gold has jumped in September. In times of volatility, people look to the perceived safe-haven qualities of gold and this has once again been the case in recent weeks, which we may expect to continue in the short-term as uncertainty and investor anxiety holds to present elevated levels.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more

Hospital groups sue HHS for failing to stop drug makers from cutting medication discounts

first_img Hospital groups sue HHS for failing to stop drug makers from cutting medication discounts Log In | Learn More Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Tags government agencieshospitalsSTAT+ A group of hospital associations filed a lawsuit accusing the Department of Health and Human Services of failing to prevent a half dozen large drug makers from curtailing the discounts they offer through a federal program for safety-net hospitals.At issue is the 340B drug discount program, which was created in 1992 and requires drug makers to offer discounts that are typically estimated to be 25% to 50% — but could be much higher — on all outpatient drugs to hospitals and clinics that serve low-income populations. There are approximately 12,400 so-called covered entities, including 2,500 hospitals, participating in the program. By Ed Silverman Dec. 12, 2020 Reprints George Frey/Getty Images What’s included? [email protected] center_img What is it? @Pharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Ed Silverman Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. GET STARTED About the Author Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.last_img read more

N. Korea recently bought phone-tapping devices from abroad

first_img AvatarKim Yoo JinKim Yoo Jin is one of Daily NK’s freelance journalists. Please direct any questions about his articles to [email protected] RELATED ARTICLESMORE FROM AUTHOR North Korea hikes “party contributions” Russia-based workers must pay by 30-55% Facebook Twitter North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) North Korea recently purchased phone-tapping devices from abroad to better monitor mobile phone calls, Daily NK has learned. “The government purchased 15 phone-tapping devices from a German-Chinese joint venture to monitor mobile phone calls in the country,” a North Hamgyong Province-based source told Daily NK on Friday. “The devices are currently being installed.” The devices were brought into the country in late May, according to the source. The authorities reportedly ordered three devices to be set up in Pyongyang, while the rest will be installed in other provinces and special cities by the end of June. Once the devices are up and running, North Korea will be able to listen to any mobile phone conversation through the Koryolink (191 numbers) and Kang Song NET (195 numbers) mobile services, the country’s two major service providers.“The first targets for government surveillance will be those living in border regions, including the family members of defectors and illegal border crossers,” the source told Daily NK. “The surveillance will later be expanded to other areas of the country.” Notably, North Korean authorities have instructed local post offices – where people go to subscribe to mobile phone services – to inform mobile phone subscribers that the government has the ability to listen in on all mobile phone calls. Please direct any comments or questions about this article to [email protected] in Korean News center_img News News Hamhung man arrested for corruption while working at a state-run department store TAGSsurveillancephone-tapping devices SHARElast_img read more

No Academy Award for Canadian saving

first_img Related news Earnings surge for Great-West Lifeco in Q4 The poll completed by Leger Marketing asked Canadians which Oscar-nominated movie title most closely resembled their retirement savings. The results found that the majority are saving for retirement but only 30 per cent will be able to retire comfortably. Here’s a breakdown of the repsonses: > Million Dollar Baby – I’m set for retirement, 8 per cent; > Bound for Glory – I’m on my way to retiring comfortably, 22 per cent; > As Good as It Gets – I’m saving as much as I can, but it will not be enough to retire, 33 per cent; > Gone with the Wind – I’m not saving for retirement, 20 per cent; > Don’t know, 17 per cent. When it comes to saving, Canadians are not prepared for retirement. Canadians 18-34 are the most likely not to be saving for retirement (31 per cent), however, only 15 per cent of those over 55 are set for retirement. Two-fifths of those aged 35 to 54 are saving but not enough to retire. Responses gathered via an online survey of a representative sample of 1,503 Canadians between January 27 and 30. A probability sample of the same size would yield a margin of error of plus or minus 2.5 per cent, 19 times out of 20. Keywords Retirement While many Canadians may enjoy watching the Oscars on March 2, a majority will not be able to live anything close to a movie-star lifestyle when they retire. A new poll commissioned by full-service investment dealer Edward Jones found that more than half of Canadians do not feel confident about their current savings levels. IE Staff center_img Facebook LinkedIn Twitter Survey finds Canadians aren’t sure how much they’ll need for retirement Share this article and your comments with peers on social media Snowbirds win legal battle to reinstate out-of-province medical coveragelast_img read more

EU regulators move to standardize ESG disclosures

first_img Share this article and your comments with peers on social media plant growing in savings coins solerf/123RF With both the demand and supply of ESG-focused investment products on the rise, European regulators are proposing to standardize sustainability disclosures.The European Supervisory Authorities (ESAs) — which includes banking, insurance, pension and securities regulators — launched a survey Monday to collect feedback on proposed templates for sustainability‐related disclosures. In an effort to improve the comparability of different products, the regulators are seeking to standardize “the disclosure of information for financial products that promote environmental and/or social characteristics or have a sustainable objective.”These standardized ESG disclosures would then be used in the array of existing disclosure documents provided to investors by various financial products.The survey is open until Oct. 16.The proposed content of the templates is also undergoing a consumer testing exercise. CSA sets rules on non-GAAP financial reporting Facebook LinkedIn Twitter Related news Regulators propose slimming corporate disclosure James Langton Don’t believe the hype: BCSC proposes new rules for stock promoters Keywords ESG,  DisclosureCompanies European Central Bank, European Securities and Markets Authority last_img read more

Governing Party Wins Local Polls

first_imgFacebookTwitterWhatsAppEmail The governing Jamaica Labour Party (JLP) has won the Wednesday, December 5 Local Government Elections taking control of nine of the country’s 13 parish councils. The party has therefore repeated its Parish Council Election victory in the 2003 local polls.The preliminary results released by the Electoral Office of Jamaica showed that the Opposition People’s National Party (PNP), while winning the majority of divisions in Hanover and Manchester, both of which it had lost to the JLP in 2003, lost the Portmore Municipal Council in St. Catherine where the PNP’s former Mayor George Lee lost to the JLP’s Keith Hinds. Portmore is Jamaica’s only municipality where the mayor is elected by direct vote.In Wednesday’s elections the PNP retained the Westmoreland Parish Council, the single parish it won in 2003 and shared St Ann with the JLP.Prime Minister and JLP Leader Bruce Golding has described his party’s victory as solid. He told party supporters at the JLP headquarters in Kingston that, “We are very pleased that the people have responded in the way that they have, and have given us the solid victory that we attained today.”The Prime Minister also outlined some of the government plans for the country’s local government system including full administrative and financial autonomy including the eventual abolition of the Local Government Division in the Office of the Prime Minister which replaced the former Ministry of Local Government following the installation of the JLP-led Administration in September.The Prime Minster noted however, that the Councils would require technical, administrative and project management expertise, which might be provided through the establishment of local technical bodies at the regional level.Following the December 5 local election General Secretary of the PNP Donald Buchanan said the party was pleased to have gained Hanover and Manchester Councils in addition to Westmoreland and did well in several other parishes. Governing Party Wins Local Polls UncategorizedDecember 7, 2007 RelatedGoverning Party Wins Local Polls RelatedGoverning Party Wins Local Pollscenter_img RelatedGoverning Party Wins Local Polls Advertisementslast_img read more

World Economic Order needs Reform – PM Golding tells Diplomats

first_imgRelatedWorld Economic Order needs Reform – PM Golding tells Diplomats Advertisements RelatedWorld Economic Order needs Reform – PM Golding tells Diplomats FacebookTwitterWhatsAppEmail Prime Minister Bruce Golding has called on diplomats to carry the message that globalization has not achieved the promise of global prosperity. “There have been significant calls from significant quarters for a reform of the global economic system. The calls have been made by no less authoritative persons than President Sarkozy of France, UK’s Prime Minister Gordon Brown and President of the World Bank, Robert Zoellick and there have been others. Despite these calls it does not appear that the conversation has really started and found its way to the agenda of economic concerns..When globalization was ushered in as a new theatre of economic opportunity, for countries that had been left behind for so long, we were led to believe that this would be the stepping stone for countries that were serious to begin to experience something that had eluded us for so long The fundamental unevenness of the world remains, 40% share 5% of income and the richest 20% enjoys 75% of income.” The Prime Minister was speaking at a Diplomatic Week forum at Jamaica House earlier this week. The week ends on January 29.center_img World Economic Order needs Reform – PM Golding tells Diplomats Foreign AffairsJanuary 28, 2010 RelatedWorld Economic Order needs Reform – PM Golding tells Diplomatslast_img read more