RBS’ chief exec Ross McEwan just got awarded shares worth £1.2m in the loss-making bank

Share whatsapp whatsapp Read more: Company takes crucial step in bringing appeal against RBSAlthough McEwan has warned the market not to hold its breath for a profit this year, he has indicated he thinks his bank will return to the black in 2018.The lender is also still 73 per cent owned by the taxpayer. In today’s Budget, the government gave little promise as to when its remaining stake might be sold, simply saying it will “continue to seek opportunities for disposals, but the need to resolve legacy issues makes it uncertain as to when these will occur”.One particular issue looming over the bank is a potential mega fine from the US Department of Justice for mis-selling mortgage-backed securities. Some estimates warns this penalty could cost RBS as much as $12bn (£9.9bn). Hayley Kirton Wednesday 8 March 2017 8:49 pm Royal Bank of Scotland’s chief executive was awarded £1.2m worth of shares this afternoon, as benefits from the loss-making lender’s long-term incentive plans (LTIPs) were paid out.Ross McEwan, who took over at the helm of the taxpayer-backed bank in October 2013, was vested a total of 512,509 shares under the incentive scheme at £2.389 a pop, although 240,880 of these were withheld to satisfy tax requirements.  RBS’ chief exec Ross McEwan just got awarded shares worth £1.2m in the loss-making bank In total, RBS’ directors were granted shares worth around £6m as existing rewards programmes came to fruition.Read more: Judge mulling whether GRG case should go aheadThe embattled lender also announced more details for a newer LTIP scheme, under which its top dogs will be eligible for shares totaling roughly £15.9m, provided they meet certain performance targets. The execs will have to wait until they can their hands on the stock, however – the shares will vest between 2020 and 2024.Under the new scheme, McEwan’s reward could be as high as £2.9m. Less than a month ago, the bank announced it was in the red for the ninth year on the trot, revealing a attributable loss of just short of £7bn for 2016, after eyewatering restructuring costs and misconduct charges swiped a chunk out of its bottom line.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLutemaMade in USA 98%+ High Filtration Kids MasksLutemaThe Financial MagAt 74, Pat Sajak Lives In This Gorgeous EstateThe Financial MagMiaw StoreSome acts from your cat may be a sign for alarm. Get to know it nowMiaw StoreGundry MDThe Secret To Breaking Up Dark Spots On Face (Or Neck Or Hands)Gundry MDArticles Vally15 Real Faces Of Famous Historical Figures Recreated In CGIArticles VallyalldelishThe 14 Healthiest Vegetables on EarthalldelishFox9 Best Glute Exercises To Fire Up Your Most Powerful MuscleFoxAnyMuscle9 early warning signs and symptoms of diabetesAnyMuscleHealthy Zone10 Signs of Kidney Disease You Can’t Afford to IgnoreHealthy Zone read more

Tug grounds in Sumner Strait; five rescued uninjured

first_imgJuneau | Search & Rescue | Southeast | TransportationTug grounds in Sumner Strait; five rescued uninjuredMarch 2, 2017 by Matt Miller, KTOO Share:Video Playerhttp://s3-us-west-2.amazonaws.com/ktoo/2017/03/DOD_104126704-640×480-922k.mp400:0000:0000:45Use Up/Down Arrow keys to increase or decrease volume.In this video provided by Coast Guard Air Station Sitka, an Air Station MH-60T Jayhawk crew rescues five crew members from a barge attached to the tug Ocean Eagle after it ran aground on the Mariposa Reef on the south side of Strait Island in Sumner Strait, Alaska, March 2, 2017. The five evacuated the tug and transferred to the barge. (Video courtesy Petty Officer 1st Class William Colclough/U.S. Coast Guard)Five people were rescued after a tug towing a barge ran aground in Sumner Strait.Search and rescue controllers at Coast Guard Sector Juneau said they received a report from the tug Ocean Eagle at about 7 p.m. Wednesday.A Coast Guard H-60 helicopter crew flew slowly and carefully in Wednesday evening’s bad weather to approach the area near Mariposa Reef on the south side of Strait Island in Sumner Strait.The five crew members from the tug evacuated to the barge so the helicopter crew could safely hoist them aboard. They were taken back to Sitka at about midnight Wednesday.No injuries were reported.Coast Guard officials did not immediately know why the tug Ocean Eagle ran aground.After the rescue, the 102-foot tug and the 300-foot barge drifted to nearby Alvin Bay. The Coast Guard cutters Liberty and Maple later arrived on scene with pollution response equipment to assess any damage and verify nearby aids to navigation.The Coast Guard reports that commercial tugs contracted by the Ocean Eagle’s owner are also on scene to dewater, effect repairs and mitigate potential pollution.Share this story:last_img read more

Dunleavy wants to pay back cuts to PFDs, but lawmakers are skeptical

first_imgEconomy | Politics | State GovernmentDunleavy wants to pay back cuts to PFDs, but lawmakers are skepticalFebruary 19, 2020 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Rep. Lance Pruitt, R-Anchorage, talks to reporters at a House minority press availability in his office at the Capitol in Juneau in 2019. Last week, Pruitt said Alaskans are looking forward, and that paying money back that was cut from past dividends wouldn’t make up for the economic boost they would have provided then. (Photo by Skip Gray/KTOO)Gov. Mike Dunleavy renewed his position on Wednesday on one of his signature issues since his campaign: paying back the amount cut from the last few years’ permanent fund dividends.But the proposal faces skepticism in the Legislature.A bill introduced at Dunleavy’s request on Wednesday would pay $1,304 to every eligible Alaskan. That’s the difference between what would be paid under the dividend formula in a 1982 state law and how much the state actually paid in PFDs last October.This is on top of last year’s request to pay back the PFD amounts cut in 2016, 2017 and 2018. Altogether, the state would spend roughly $3 billion from the Alaska Permanent Fund’s earnings reserve. That’s nearly a third of all of the money scheduled to be left in the reserve by June.Alaska Gov. Mike Dunleavy, left, accompanied by John MacKinnon, commissioner of Transportation and Public Facilities, talks to reporters at a press conference on Wednesday. (Photo by Skip Gray/KTOO)Dunleavy said he understands there’s concern about spending down the earnings reserve. But he said the state should follow the law.“What this language in this bill does is merely, once again, follow the statutes on the books, the laws on the books,” Dunleavy said.Lawmakers have proposed changing the dividend formula. And Dunleavy said he wants to engage in discussions about what the PFD will be in the future. But he said that doesn’t change what Alaskans should receive under the current law.“The money is sitting there. The statutes are there,” he said. “We’re merely saying, bring the money together with the statues, and let’s follow the statutes.”Dunleavy, legislators search for solutions to Alaska’s budget gapLast year’s bill to pay back the three previous years of PFD cuts hasn’t been passed by either chamber. And even some staunch defenders of Dunleavy aren’t enthusiastic about the payback idea at this point.Anchorage Republican Rep. Lance Pruitt, the House minority leader, said last week that Alaskans are looking forward, and that paying the money back now wouldn’t make up for any boost to the state’s economy that would have happened with full dividends during the recession.“Here we are, four years into it, and the economic benefit that would have come four years ago would not be seen today,” said Pruitt, who emphasized that he was speaking for himself. “I mean, we’re four years past that.”Pruitt said removing more money from the earnings reserve wouldn’t serve the state in the long term.“Most Alaskans have come to the idea of, you know, whatever happened then, happened then, and what are we doing about today,” he said.Leadership in both chambers deeply resists the idea of depleting the permanent fund earnings. They note drawing more from the earnings would violate a state law that limits the annual draw to roughly 5% of the fund’s overall value, currently $67 billion, including both the fund’s constitutionally protected principal and its earnings account.House Speaker Bryce Edgmon, I-Dillingham, speaks with two representatives during a floor session, March 10, 2017. (Photo by Skip Gray/KTOO)Dillingham independent House Speaker Bryce Edgmon said the Legislature has already dipped into savings the past two years in order to pay $1,600 dividends.“And most of us, you know, support as big a PFD as we can possibly get,” he said. “But at the same time, the question about how to pay for it is one that’s going to land at the doorstep of the Legislature before too long. And we’re going to have to really figure something out.”Anchorage Republican Senate President Cathy Giessel said every senator supports paying dividends.“But we are not the federal government. We cannot print money,” she said. “We have a limited amount of money. We have services that are critically needed: We have education that is mandated in our constitution to be supplied by government. We will do what we can, but we will not put this state in a precarious financial position.”Senate President Cathy Giessel, R-Anchorage, presides during a Senate floor session in Juneau on Feb. 8, 2019. (Photo by Skip Gray/KTOO)And Fairbanks Republican Sen. Click Bishop said spending down the permanent fund earnings threatens the state’s future.He said the fund was intended to serve future generations using a wellspring that’s served past and current generations: the Trans-Alaska Pipeline System, or TAPS.“I had a good run in my working career in Alaska. Caught TAPS at the beginning,” Bishop said. “We’ve all reaped the benefit of TAPS and what oil royalties have done for the state of Alaska. I want to protect the future for my children, grandchildren and future generations of Alaskans.”The House and Senate versions of the new bill — House Bill 259 and Senate Bill 205 — were referred to the finance committees in each chamber. After years of debating major proposals to close Alaska’s budget gap, the session starts quietlyShare this story:last_img read more

A SoCal College Professor Just Won a Pulitzer for His Groundbreaking…

first_imgMusicA SoCal College Professor Just Won a Pulitzer for His Groundbreaking Opera about the Central Park FiveAnthony Davis was recognized for his 2019 opera, which was commissioned by the Long Beach Opera and premiered in San PedroBy Brittany Martin – May 5, 20201063ShareEmailFacebookTwitterPinterestReddItThis year’s Pulitzer Prize for music—an award once won by Kendrick Lamar, but more frequently given to composers of classical music—will go to Anthony Davis for his 2019 opera The Central Park Five. The piece, an adaptation of a 2016 work by Davis, was commissioned by the Long Beach Opera and debuted at the Warner Grand Theatre in San Pedro last June.The opera is inspired by the notorious 1989 New York City case that saw five Black and Latino teenagers convicted of a crime for which they were ultimately exonerated–after serving more than a decade in prison. According to the Pulitzer jury, The Central Park Five is “a courageous operatic work, marked by powerful vocal writing and sensitive orchestration, that skillfully transforms a notorious example of contemporary injustice into something empathetic and hopeful.”Davis, who serves as a professor at UC San Diego, is no stranger to using music to address issues social justice and American life. His first opera, which debuted in 1986, was X: The Life and Times of Malcom X. He has since written operas about the kidnapping of Patty Hearst, the slave revolt on board the Amistad, 9/11, and McCarthyism, among many other subjects. He composed the music for the Broadway productions of Angels in America, a work for which author Tony Kushner won the Pulitzer Prize for drama.“It’s difficult to write operas about real life situations and make them effective and [Anthony Davis] did this amazingly,” Long Beach Opera CEO Jennifer Rivera told the Press-Telegram. “It is an amazing piece of music theater. It absolutely transports you to this situation.”The Central Park Five was commissioned by Rivera’s company for a 2019 season during which all of the productions addressed race, inequality, and social justice. While opera may have a reputation as dusty or out of touch, Long Beach Opera focuses on modern and socially conscious works.Davis is also an outspoken advocate for diversity and inclusion in opera, something he and the company that commissioned the piece both value. “We see the Opera Theater of St. Louis and Long Beach Opera and Opera Philadelphia involved with community and creating new works by composers of color; that’s been a great trend,” Davis told the Washington Post in a 2019 interview. “It’s also important musically to broaden the aesthetic of what opera can be.”Founded in 1979, it was during the 1983-84 season that the company found what would become its signature style. Under executive director Michael Milenski, Long Beach Opera adopted a mission to stage what might be considered ‘edgy’ operas that connect with contemporary audiences, both in traditional theater spaces and as site-specific experiences.“Our name will always be associated with this piece and we’re really thrilled about that,” Rivera told the Press-Telegram about the Pulitzer win. “We’ve always believed in it, and it was something that everyone on the team had to really believe in because it was a controversial work.”RELATED: Plácido Domingo Resigns from L.A. Opera Following Misconduct AllegationsStay on top of the latest in L.A. food and culture. Sign up for our newsletters today. TAGSLong Beach OperaOperaPerforming ArtsPrevious articleCoronavirus Update: L.A. County Will Reopen Beaches in PhasesNext articleA-Listers Fearing the Worst Are Flocking to See Hollywood’s Go-To Gun GuyBrittany Martin RELATED ARTICLESMORE FROM AUTHORPhilip Glass in a Parking Lot? Long Beach Opera Is Taking the Form to Surprising New PlacesThis Subversive Sci-Fi Opera Explores the Idea of Being Displaced from Planet EarthPlácido Domingo Resigns from L.A. Opera Following Misconduct Allegationslast_img read more

Castletown win to claim back-to-back football championship crowns

first_img WhatsApp Pinterest Twitter Facebook Council Facebook Community The Castletown team that won the Junior ‘B’ football title in 2018 Castletown 2-17 Rosenallis 1-6Laois Shopping Centre Junior B Football Championship FinalCastletown have won a football championship for the second year running.The men in blue and white claimed the Junior C crown last year and have now added the Junior B title after defeating Rosenallis in O’Moore Park this evening.It wasn’t all plane sailing for Castletown though as despite Brendan Reddin giving them the lead, they were three points down after five minutes.Glen Shaw equalised for Rosenallis and then Donnagh Callaly’s long ball was fisted to the net by teenager Jack Claffey.James Mullaney, Ryan Mullaney and Aaron Gaughan levelled things up before Joe Phelan gave Castletown the lead by the midpoint of the half.They had two great goal chances in that period too as Joe Phelan drew a great save from Thomas Shelly and James Mullaney saw an effort come back off the post.Glen Shaw tied the match in the 19th minute but that would prove to be Rosenallis’s final score of the half.Castletown scored their opening goal with the next attack. Ryan Mullaney was the architect as he picked out John Paul Bennett and he rattled the net.Aaron Gaughan and a brace from James Mullaney sent Castletown in leading by 1-8 to 1-2 at half time.Paul Croke extended Castletown’s lead on the resumption of play but Jack Claffey ended Rosenallis’s scoreless period with a lovely score off his left foot.Joe Phelan added a point and Castletown were then awarded a penalty when Paddy Dunne fouled James Mullaney with a high tackle.However, a row broke out and after consultation between referee Rom Kennedy and his umpires, he showed yellow cards to Sean Dunne and Paddy Dunne of Rosenallis and then threw up the ball.James Mullaney added another point soon after but scores from Donnagh Callaly and Glen Shaw got the gap back to six with ten minutes to play.Paddy Dunne was then dismissed for Rosenallis and that was the end of any challenge that they could mount.James Mullaney hit his fifth point and Joe Phelan then added another as the game ebbed out.Ryan Mullaney and Donnagh Callaly traded points as six minutes of added time were signalled.Ryan Mullaney added another in that period while so too did Dylan Conroy and Craig Finlay before James Mullaney scored a second goal as Castletown ran out convincing winners.RosenallisSCORERS – Castletown: James Mullaney 1-5 (0-2 frees), Ryan Mullaney 0-3, Joe Phelan 0-3, John Paul Bennett 1-0, Aaron Gaughan 0-2, Brendan Reddin 0-1, Paul Croke 0-1, Dylan Conroy 0-1, Craig Finlay 0-1 Rosenallis: Jack Claffey 1-1, Glen Shaw 0-3 (two frees), Donnagh Callaly 0-2CASTLETOWN: Gearoid Gaughan; John Paul Bennett, Eoin Peters, Martin Reddin; John Gaughan, Conor Phelan, Dylan Conroy; Ryan Mullaney, Shane Phelan; Brendan Reddin, Evan Cuddy, Paul Croke; Joe Phelan, James Mullaney, Aaron Gaughan. Subs Cathal Moore for Croke (52m), Craig Finlay for A Gaughan, Cillian Phelan for E Cuddy and Luke O’Grady for Cuddy (all 63m)ROSENALLIS: Thomas Shelly; Tom Gorman, Stephen McEvoy, Michael McEvoy; John Maher, John Lalor, Sean Dunne; Darren McEvoy, Donnagh Callaly; Paddy Dunne, Niall Doolan, Jack Claffey; John Hughes, Glen Shaw, Walter Murphy. Subs: Damien Gorman for M McEvoy (34m), Jack Conroy for T Gorman (56m, black card)Referee: Tom Kennedy (Barrowhouse)SEE ALSO – In Pictures: €2,850 cheque raised in honour of little Lucy presented yesterday TAGSCastletown v RosenallisLaois JFC ‘B’ Home Sport GAA Castletown win to claim back-to-back football championship crowns SportGAAGaelic Football By Alan Hartnett – 28th August 2018 Pinterest Twitter Previous articleMoment in Time: Electric Picnic celebrating its 10th Birthday in 2013Next articleTierney is Ballyroan-Abbey’s hero as last gasp free seals quarter final place Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Community New Arles road opens but disquiet over who was invited to official opening Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Castletown win to claim back-to-back football championship crowns RELATED ARTICLESMORE FROM AUTHOR WhatsApp Five Laois monuments to receive almost €200,000 in government funding last_img read more

Studying during Coronavirus: Mountmellick CS student on prepping for state exams in a pandemic

first_imgHome News Studying during Coronavirus: Mountmellick CS student on prepping for state exams in… News Facebook WhatsApp Facebook Electric Picnic Pinterest Studying during Coronavirus: Mountmellick CS student on prepping for state exams in a pandemic WhatsApp TAGSCoronavirusHannah LedesmaLeaving CertMountmellick CS Previous articleSupermac’s in Portlaoise set to REOPEN this weekNext articleLaois Councillor says it would be ‘madness’ for Electric Picnic to go ahead in 2020 LaoisToday Reporter Electric Picnic organisers release statement following confirmation of new festival date RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Those set to sit the Leaving Cert, about 55,000 of them, have been particularly inconvenienced as the one set of exams they have spent the past five or six years preparing for are now in jeopardy.They have been out of the school setting since March 13 after they were closed by Taoiseach Leo Varadkar. And on Friday April 10, it was announced that the schools would remain closed ‘until further notice’.On March 19, the Department of Education announced that Leaving Cert and Junior Cert orals and practical exams were cancelled and all students would be awarded full marks.While on April 10, it was confirmed the Leaving Cert exams set to take place in June have been postponed. They are now rescheduled for late July or early August – while the Junior Cert is off altogether.The deadline for submission of Leaving Certificate practical and other projects, in subjects such has History, Geography, Art, PE and Construction, has also been rescheduled to either late July or early August.All the time, students have been taken out of the routine that they have been used to for the past five or six years just moths before the all important exams.So, we decided to reach out to the schools in Laois and ask those getting ready to sit Leaving and Junior Cert exams how they are getting on.What their routine now is, how their school are trying to help them and whether they believe the exams should be postponed or done online if they cannot proceed on the scheduled date.So far we have heard from students from Portlaoise CBS, Scoil Chriost Ri, Portlaoise College, Heywood, St Fergal’s Rathdowney, Mountrath CS, Colaiste Iosagain and Clonaslee College. Next up, it is Mountmellick native and Mountmellick CS student Hannah Ledesma.1 – What is your daily routine at the moment?For the last couple of weeks, my schoolwork routine has been centred around online assignments. We were initially advised by teachers to make a comprehensive study timetable and to follow it as best we could, but now that all subjects have an online support platform, we have been given most of our work on a weekly or daily basis. I’m usually up by 9am, and I would get 3 or 4 assignments done in a day.Since the news about the postponement of the Leaving Cert, I have been taking a break from schoolwork. The thought of studying in this environment until late July is really hard to comprehend for me – I think everyone deserves some time off to come to terms with it all.2- What supports have your school provided for you and have they been useful?The guidance and support we have received from our teachers has helped massively in adjusting to this new routine. Like other schools, Google Classroom and Edmodo is used for assigning and submitting work. Most teachers are there at our disposal if we have any questions, which is really encouraging. In saying that, I think there has been difficulty in adapting to this new form of teaching on both ends of the spectrum.Teachers are really working hard to stay connected to us, and that must be praised. There isn’t much more I could ask for in terms of instruction, although nothing is as effective as classroom-based learning in my opinion.3 – Are you getting out for much exercise?I try to get out at least once a day for some fresh air, which has been easy enough considering the weather we’re having. In saying that, pre quarantine me was a lot more active. The absence of gyms and clubs has made it difficult for me to stay motivated, especially when we’re being advised to stay at home.The mountain of home workout videos – that seem to be pervading every aspect of social media – also don’t do much to motivate me, if anything the opposite…4 – How do you feel about the decision to scrap the oral/practical elements of some subjects and give everyone 100% across the board?I understand that the decision to scrap the orals was made on account of them posing as a risk to students’ safety and ultimately, I think that’s fair. From a more selfish perspective, I was gutted to see them being cancelled.A lot of students and teachers worked tirelessly for the orals, and regardless of everyone receiving the same grade, I think a sense of anti-climax was definitely felt on a nationwide level. My sraiths don’t deserve to be set on fire like I had pre-planned!5 – Do you find it hard to motivate yourself to study for the exams as now the date has been pushed out to late July or early August?This is undoubtedly my biggest concern. The Leaving Cert is quite often compared to a 9-month marathon, and we are advised to take it slow and steady so as not to burn out. With the unexpected prolonging of this “marathon” an extra 2 months, I think it is inevitable that a lot of students will burn out.The last school term is known for seeing exponential growth of students’ progress, with most of the courses being finished and time dedicated solely to exam practice. Knowing that we won’t have this term and may not see this progress is really daunting for me. I feel like there is only so much remote learning one can do before being stuck in a rut – continuing like this until late July/ August will be a challenge.6 – Are you able to interact with your friends? And if so, how are you doing this?Online interaction with friends is customary in this day and age, so there really hasn’t been much of a difference in staying in touch with them. I Snapchat and text my friends daily, and we Zoom or Facetime at least once a week.In a sense, we’re really lucky to be so accessible to each other during this time. It’s comforting to be able to check up on friends that live far away, but also to escape from my family every once in a while.7 – How do feel young people are being portrayed in the media at the moment? They are being blamed a lot for ignoring social distancing guidelines. Do you believe this is a fair criticism?In relation to social distancing, I think anyone found ignoring the rules should be blamed accordingly. In the beginning young people seemed more willing to dismiss the rules because of the idea that they were ‘immune’, but seeing all of the young casualties across the world has definitely hindered that belief. I think most people understand the significance of their actions now – it’s great to see such solidarity among Irish people.Our portrayal with regards to the postponement of the Leaving Cert is a different story. A lot of people, notably not 6th year students, were quick to jump down the throat of those complaining about the government’s decision.I think it’s beyond unfair for anyone to inform a student on what the appropriate reaction should have been. This postponement will affect people in countless different ways – one person’s delight should not trump another person’s disappointment.8 – If the Coronavirus crisis continues and you can’t sit your exams in late July or early August, do you think they should be postponed further or be cancelled altogether?Effects of this virus will undoubtedly remain in the country long past the summer months. I think trying to apply the traditional Leaving Cert to a circumstance far from orthodox, even if the worst of it is over before summer, is a bit of a push. The thought of sitting in an exam hall writing about imagery in Hamlet, while a worldwide pandemic that has stripped the country’s economy and killed thousands of people continues to exist outside the walls, seems almost amusing.Family members, neighbours and friends have died – yet we are being advised to ‘stay focused’ and continue to work like we would have if the virus didn’t exist. I’m aware that no decision will yield a perfect outcome, but in my opinion the exams taking place during summer will not accurately reflect the work put in by students over the past two years.If the crisis continues into July, postponing the exams again would only disrupt the path we decide to take after school on a much greater scale. Of course, everyone’s path in life has been disrupted by the virus and by no means do 6th year students have it worst, but this disruption is avoidable.Replacing the exams with predicted grades would allow for a much fairer outcome, reflecting the continuous effort that has been made over the past 2 years of work. The current resolution only reflects a student’s ability to perform under the pressure of these unprecedented times. There’s also the concern of the virus affecting a student – be it directly or indirectly – which would obviously impact their performance in the exams.This is an extraordinary circumstance, and I don’t think it can be treated with an ordinary solution.9 – Anything else you would like to add?Putting aside my own thoughts and worries about the coming months, we do owe it to our leaders and essential workers for really putting their best foot forward in mitigating the virus.Although the Leaving Cert is definitely at the forefront of every students’ mind, I think it’s important, as well as comforting, to see that everyone is in this struggle together and everyone is doing their utmost best to get through this. Everyone’s efforts are hugely valued and do not go unnoticed!SEE ALSO – Brave Laois woman praises staff at St Fintan’s hospital following sad passing of husband Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival We’re nearing the end of our student series now as we speak to pupils in every secondary school in Laois about how Coronavirus has impacted on their Leaving Cert.Bar those working in essential services, the rest of the population is off work and instructed to stay in their homes for the majority of the time until Tuesday May 5 at the earliest.While around 120,000 Irish Leaving and Junior Cert students have seen their lives turned upside down in the last month. Electric Picnic Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Twitter Twitter News By LaoisToday Reporter – 22nd April 2020 last_img read more

FPSC pleased with June exam pass rates

Share this article and your comments with peers on social media IE Staff FP Canada announces measures for those seeking CFP certification Keywords CFPCompanies Financial Planning Standards Council Updated: Credentialing bodies move exams online Latest CFP exam sitting had 72% overall pass rate Related news The pass rate for individuals writing the four-hour FPE1 for the first time was 77%. The overall pass rate for the 510 individuals who wrote FPE1 was 73%. The pass rate individuals writing the six-hour FPE2 for the first time was 79%. The overall pass rate for the 178 individuals who wrote FPE2 was 74%. In commenting on the higher pass rates compared to those under the previous certification process, Wickett says “The higher pass rates for the examinations demonstrate that the new CFP certification process offers candidates a better opportunity to progressively build their competence with each step along the path, which translates into better performance on each examination.” The June sittings of FPE1 and FPE2 were the first administrations to be written at 36 computer-based testing centres across Canada. The next administration for both FPE1 and FPE2 is December 1. Financial Planning Standards Council (FPSC) reports higher pass rates for the June 9 sittings of Financial Planning Examination Levels 1 and 2 (FPE1 and FPE2). “FPSC congratulates all successful candidates who are another step closer to distinguishing themselves as professional financial planners and earning the internationally-recognized Certified Financial Planner designation,” says John Wickett, senior vice president, standards & certification, FPSC. Facebook LinkedIn Twitter read more

Tough first half for Canadian equity underwriters

first_img Facebook LinkedIn Twitter SPAC deals reach record levels: Refinitiv Sustainable bond issuance set record in Q1: Moody’s Share this article and your comments with peers on social media In terms of deal value, that’s the worst start to a year since 2003, it noted.The real estate sector led the way, raising $3.4 billion, which represented a 35% market share. It was followed by the energy & power sector and the healthcare sector, which had market shares of 20% and 12%, respectively.Refinitiv reported that RBC Capital Markets was the top equity underwriter in the first half, followed by CIBC World Markets and TD Securities.However, Canaccord Genuity led the way in initial public offerings (IPOs) and retail structured products, and RBC and TD were tied in underwriting preferred securities.On the debt side, total issuance was also down in the first half, although it only declined by 4% from the same period last year to $91.5 billion.Here, too, RBC led the way among the underwriters, topping the league tables in most categories, including all debt, domestic corporate debt and cross-border transactions.National Bank Financial ranked first in domestic government debt (full credit). Related news Keywords Underwriting The IPO market is booming James Langton Business chart with glowing arrows and world map peshkov/123RF This year, Canadian equity underwriters had their worst first half since before the financial crisis, according to new data from Refinitiv.The market data firm reported that Canadian equity issuance in the first six months of 2019 reached just $11.6 billion, down by 33% from the same period a year ago. last_img read more

TSX proposes exchange-trading in sustainable bonds

first_img CPP Investments launches sustainable energy group Related news James Langton TSX Inc. has unveiled its plans to allow trading in sustainable bonds through its exchanges in an effort to improve access to these securities for investors.The Toronto-based exchange’s proposals to begin trading in sustainable bonds — debt securities that are issued to finance projects for environmental and/or socio-economic benefits — were set out on Thursday in the OSC Bulletin. Solar farm on a rural hillside LEOPATRIZI/ISTOCKPHOTO Feds plan $5-billion green bond issue Facebook LinkedIn Twitter Feds launch council on sustainable finance Keywords Sustainable Finance,  Trading rulesCompanies TSX Group Inc. Share this article and your comments with peers on social media Currently, investors can trade sustainable bonds on an over-the-counter (OTC) basis.“This over-the-counter trading often involves a lack of transparency,” the proposal said.Enabling trading directly on the TSX is intended to provide investors with increased access to these issues and greater transparency, the proposal said.According to the proposal, the bonds would not be listed by the TSX, but would be posted for trading in the same way that alternative trading systems post listed securities for trading.Trades would be executed and cleared through existing TSX and Canadian Depository for Securities Ltd. (CDS) infrastructure and processes.“Given the expected retail nature of the sustainable bonds, bid/ask tick limits will be set tighter compared to TSX-listed stocks to protect market orders from executing too far away from the best price at the time of entry,” the bulletin said.Additionally, the TSX will devote a section of its website to sustainable bonds and their issuers. Order and trade data will be disseminated through the TSX’s existing market data feeds.To be eligible for posting, issues must be worth at least $75 million, and must be qualified by an independent, third-party environmental, social and governance (ESG) research and rating firm, among other requirements.Trading is expected to start in the fourth quarter.Comments on the proposals are due by July 27.last_img read more

PIOJ Head Optimistic About Social Partnership Discussions

first_imgAdvertisements FacebookTwitterWhatsAppEmail Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wesley Hughes, is optimistic that progress can be made with the social partnership discussions, to carry Jamaica through the challenges it currently faces, consequent on the impact of the global recession.Speaking at the Institute’s quarterly media briefing, held at the offices on Oxford Road in Kingston on May 18, Dr. Hughes said that while there is a “little bump in the road” regarding the talks, he contended that the process is not “irretrievable.”“One should not be surprised, as we are in a stressful period. It’s a very difficult period for every single player, and in making judgements and decisions, we are going to have these bumps. I think we can make progress, but it’s going to require a lot of negotiations, skill, leadership and judgement,” the PIOJ head contended.Dr. Hughes argued that while stakeholders may have varying and differing views in the discussions to advance the social partnership, in the final analysis, those persons have demonstrated that the national interest is of foremost importance.“People may have different perspectives, they may have a different view about how you should get there. But, at the end of the day, I get the impression that all the parties have Jamaica’s national interest at heart. You may not necessarily agree with everything everybody says. But I think that, as a society, given all that I have seen, and all the potential for social implosion or instability, we have made remarkably good progress in holding it together,” he said.The Social Partnership process entails consultations involving the Government, private sector, trade unions, and the Opposition, aimed at reaching consensus around strategic objectives impacting the country.Meanwhile, Dr. Hughes expressed optimism that “definite” signs of stabilisation in, and a turnaround of the global economy, should become apparent by year end. This, he explained, is based on what he said is a gradual diminishing of the stockpiled inventory levels within a number of the sectors, “probably ahead of demand.”“So, you’ll see some production reviving. The problem, however, is that we are not sure what kind of recovery it’s going to be,” Dr. Hughes said, while stressing the need for Jamaica to prepare for this global economic revival. PIOJ Head Optimistic About Social Partnership Discussions Office of the Prime MinisterMay 19, 2009 RelatedPIOJ Head Optimistic About Social Partnership Discussionscenter_img RelatedPIOJ Head Optimistic About Social Partnership Discussions RelatedPIOJ Head Optimistic About Social Partnership Discussionslast_img read more