Labour looks to shareholder power

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Governor Wolf Announces New Flood Recovery Aid Available to Local Governments

first_img Press Release,  PSA,  Weather Safety Harrisburg, PA – To assist flood recovery efforts in flood-stricken areas of northcentral and eastern Pennsylvania, today Governor Tom Wolf announced the availability of $6.25 million for streambank restoration and recovery efforts by local communities.The governor directed the Pennsylvania Department of Environmental Protection (DEP) to provide the required cost-share for the projects so that eligible projects will be available at no cost to local governments. The funding will assist communities recovering from the recent floods and help them prepare for future storm events.“Getting our communities back on their feet after these floods is one of my administration’s top priorities, and these grants to local governments will help make sure that flooding can be reduced in the future,” said Governor Wolf. “DEP will work collaboratively with the federal government on the design, permitting, and construction of these projects so that we can ensure long-term protection from flooding.”Funding will be available for Berks, Bradford, Chester, Columbia, Dauphin, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Montour, Northampton, Schuylkill, Sullivan, Susquehanna, Wayne, and Wyoming counties for the flooding events that occurred in summer 2018. Applications will be accepted until October 15, 2018, by NRCS. “Restoring and repairing streambanks in these areas can help protect residents from future flooding,” said DEP Secretary Patrick McDonnell. “We are grateful to NRCS for making this funding available and are looking forward to working with affected local governments to begin this important work.”The United States Department of Agriculture Natural Resources Conservation Service (NRCS) will provide 75 percent of restoration funding, with DEP providing the 25 percent match for eligible projects. Projects eligible for funding include removing debris from waterways, reseeding damaged areas, and protecting eroded streambanks from further damage. Funding is not available to repair or maintain existing structures or repair damage to homes and businesses caused by floodwater. September 13, 2018 Governor Wolf Announces New Flood Recovery Aid Available to Local Governmentscenter_img SHARE Email Facebook Twitterlast_img read more

Investor surge on the cards again with banks dropping interest rates

first_imgINVESTORS who were shut out of the housing market by a crackdown on interest-only loans could soon be back in force – with half the Big Four banks dropping rates and reopening the floodgates.Residential apartments and housing on the Gold Coast have been a favourite of investors, especially those from southern capitals and offshore. Picture: AAP Image/Dave Hunt.In the first big sign of a reprieve for investors, both the Commonwealth Bank and Westpac Banking Corporation have reversed moves made against their interest-only portfolios, with CommBank slashing its two-year fixed interest only investor rate by 50 basis points on Friday, and Westpac dropping its version by 14 basis points.NOTHING UNDER $1M HEREA WHOLE FLOOR, BEACHSIDE: $6.9MMORE REAL ESTATE NEWS FROM THE COURIER-MAIL RateCity money editor Sally Tindall said it’s the first reprieve for investors.This as the Reserve Bank of Australia board on Tuesday kept its cash rate target on hold at 1.5 per cent – a move that was widely expected across the finance and housing community.According to RateCity, a slew of smaller lenders had already dropped several interest-only rates in the past four weeks, including ING, St George, Aussie Home Loans, Mortgage House and Virgin Money.RateCity money editor Sally Tindall said the rate cuts showed the banks were looking to take on more interest-only loans.“The latest APRA data shows the number of new interest only loans from authorised deposit-taking institutions dropped from 36.26 per cent in March 2017 to 16.91 per cent in September 2017.” 1300HomeLoan director John Kolenda believes the moves are good news for mortgage holders.Finder.com.au insights manager Graham Cooke warned Australia’s household debt to income ratio was one of the highest in the world.“If it exceeds the 200 per cent mark, this could be a real hurdle for many Australians. If the RBA does raise the cash rate later this year, some Australians may lose grip of their repayments, particularly those who are already struggling to make the minimum repayment.”According to finder.com.au, half of all experts it surveyed believed the RBA would not move on rates until 2019 while a third believed the next rise would come in November this year.INTEREST-ONLY FIXED RATE CUTS:CBA: Investment home loan 2-year fixed Old rate: 4.84 per centNew rate: 4.34 per centChange: -0.50 percentage pointsWESTPAC: Fixed rate investment property loan 2-yearsOld rate 4.79 per centNew rate 4.65 per centChange: -0.14 percentage pointsST GEORGE: Fixed rate investment property loan 2-yearsOld rate 4.64 per centNew rate 4.60 per centChange: -0.04 percentage pointsAUSSIE: IQ Basic Investment Loan Fixed 1-yearOld rate 4.49 per centNew rate 4.24 per centChange: -0.25 percentage points(Source: RateCity data)FOLLOW SOPHIE FOSTER ON FACEBOOKMore from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agocenter_img Investors have been particularly attracted to the inner city unit market in Sydney as well as its high end luxury market including waterfront developments like Barangaroo. Picture: Lendlease.In CBA’s case the two-year fixed interest-only loan was now the same rate as it was in February last year, she said. “Those lenders who have room to move in their interest-only lending limits are likely to join in on these interest-only rate cuts.”1300HomeLoan Managing Director John Kolenda welcomed the changes, amid comments from the Australian Prudential Regulation Authority chairman Wayne Byres that a 10 per cent cap on growth in bank lending to housing investors could be lifted.“The removal of the cap could put downward pressure on mortgage rates for investors and increase competition among lenders,” Mr Kolenda said.last_img read more

Pandering fuels obesity – study

first_imgNZ Herald 21 November 2013A bleak picture of Kiwi children’s health is being painted at a paediatric conference this week, with experts warning that pandering parents are fuelling childhood obesity, and poor oral health is affecting their learning.The research, to be presented at the Paediatric Society of New Zealand’s 65th annual scientific meeting in Dunedin, comes as a new analysis reveals childhood health is slipping worldwide, with children unable to run as fast or far as their parents could when they were young.The study showed the decline in fitness was levelling off in Australia and New Zealand – but the research at this week’s conference suggests parents should still be concerned about their children’s health.A study from Otago University’s department of human nutrition found parents who pandered to fussy eaters were more likely to have obese offspring.Dr Jill Haszard, who will present her findings today, said the biggest problem in childhood obesity was the way parents fed their kids.http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=11160392last_img read more

Media Coverage of Child Poverty Report

first_imgFamily First blames child poverty on divorce and single parentsNZ Herald 30 May 2016Parental breakups, not unemployment, are given in a new report as the prime cause of New Zealand’s high rate of child poverty.The report, published today by the Family First lobby group, says the near-trebling of sole parents from 10 per cent of families with dependent children in 1976 to 28 per cent of families in the last two censuses is “the elephant in the room” in the child poverty debate.Child poverty has tracked sole parenting almost exactly. Children in homes earning below 60 per cent of the median household income rose from 14 per cent in 1982 to 30 per cent in 2001, then declined to 22 per cent by 2007, although they have risen again recently.“The correlation between sole parent and child poverty rates is stronger than between unemployment and child poverty rates,” says the report, by welfare commentator Lindsay Mitchell.“Unemployment, low wages, high housing costs and insufficient social security benefits are consistently blamed for child poverty, yet a major culprit (if not the major culprit) is family malformation, that is, a lack of two married committed parents.”However, Dr Susan St John of the Child Poverty Action Group said the report ignored the fact that marriage was not always good for women or their children.“Intimate partner violence is not mentioned, nor the high rate of incarceration, especially of Maori males,” she said. “The policy implications of this report, to reduce the safety net yet further and stigmatise the unwed, are extremely dangerous.”READ MORE: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11647133Lobby group Family First blames unmarried couples for child povertyStuff co.nz 30 May 2016An unmarried couple with children is more likely to be struggling in poverty, a conservative lobby group claims.The claim comes from a new report by researcher and artist Lindsay Mitchell, who said there was “overwhelming and incontrovertible” evidence that a drop in marriage rates was one of the main drivers of an increase in child poverty.The glossy report, funded by conservative Christian lobby group Family First, looked at household income and family structures from the 1960s to the current day.It states that with people having fewer children than in the past and people delaying birth until they were older, families should be better off financially, but that was not the case.“Despite marriage being the best protector against child poverty it has become politically unfashionable – some argue insensitive – to express such a view.“But if there is to be any political will to solve child poverty the issue has to be confronted.”“What my paper attempts to do is to say ‘we’ve got the evidence’, the poor people in New Zealand live in sole parent families, de facto couples form an interim group and married people have the highest incomes.“Child poverty has become a really big issue and everyone is concerned about it…but we don’t hear anyone talking about the change in family structure.”Family First national director Bob McCoskrie described the link between a drop in marriage and rise in child poverty as the “elephant in the room”.“People would like to believe that there isn’t [a link] but unfortunately. the research shows de facto or cohabiting relationships are less stable.”He wanted to see couples putting more thought into whether they were committed to a child before deciding to have one outside marriage, he said.READ MORE: http://www.stuff.co.nz/national/80508306/lobby-group-family-first-blames-unmarried-couples-for-child-povertyUnmarried couples causing child poverty – lobby groupNewsHub 30 May 2016Unmarried parents are one of the main causes of child poverty, a new report by a conservative lobby group claims.The Family First-funded report by researcher Lindsay Mitchell on the causes of child poverty argues that the ‘elephant in the room’ in the debate is family structure.“The best protector against child poverty is two married parents,” Mitchell told Newshub.“That’s what the evidence is telling us. It’s not just New Zealand, it’s in other developed English speaking countries: Australia, the US.”READ MORE: http://www.newshub.co.nz/nznews/unmarried-couples-causing-child-poverty—lobby-group-2016053006#axzz4A4dbxoK6Family First child poverty report questioned by expertsNewsTalk ZB 30 May 2016A social policy advisor is questioning a report which says marriage breakups are a significant cause of child poverty.The Child Poverty and Family Structure report was released today by conservative lobby group Family First.The report says de-facto relationships become less stable over time, and are up to six times more likely to separate by the time a child turns five compared to a married couple.The Family First report found 51 percent of children in poverty live in single parent families, but just 28 percent of families have single parents.Mitchell said the figures make for sobering reading.“Sole parent families are unfortunately the poorest families in New Zealand, so obviously the more sole parent families the country has, the higher the rate of child poverty will be.”READ MORE: http://www.newstalkzb.co.nz/news/national/family-first-child-poverty-report-questioned-by-expert/Family lobby misreading poverty dataWaatea News 30 May 2016The Greens’ Maori spokesperson Marama Davidson is dismissing as nonsense a Family First report claiming marriage break-ups rather than unemployment of low wages is the cause of child poverty.The latest report by social policy blogger Lindsay Mitchell says the correlation between rates of sole parenting and child poverty over the past 40 years is stronger than the correlation between unemployment and child poverty.She blames greater acceptance of couples living together outside formal marriage, with just one in five Maori births to legally married parents.Mrs Davidson says Family First is cherry-picking the data to bolster its argument.“Why did we have a sudden rise in poverty when we started to see neuro-liberal policies come in I think in the eighties and we’ve had a massive increase in poverty and child poverty since then, was it because all of a sudden overnight, parents just got lazier and lazier? No I don’t think so”, says Marama.Marama Davidson says child poverty includes working families who are living in their cars or squashed up in garages and last week’s Budget failed to offer any solutions for those whanau.http://www.waateanews.com/waateanews?story_id=MTM3MjUlast_img read more

Oldenburg lawmaker elected to ag leadership board

first_imgIndianapolis, In. — Republican senator from Oldenburg Jean Leising has been elected to serve on the State Agriculture and Rural Leaders Board of Directors.Leising was one of only two legislators elected to the board by ballot during the 2018 Legislative Agriculture Chairs Summit. The summit gives elected state and provincial officials with an interest in agriculture and rural communities a chance to work together, network, collaborate and create problem-solving partnerships. Eight people were nominated for the two vacancies.“It is an honor to join this group of national agriculture and rural leaders,” Leising said. “As a farmer and resident of a rural area, I understand the concerns our communities have, and am ready to work with this group and help provide solutions to agriculture and rural policy issues.”Leising is one of more than 200 legislators across the United States and Canada who attended the summit, including Republican Indiana senator Sue Glick, Democrat state representative Terry Goodin and Republicans Doug Gutwein and Don Lehe.During the summit, Leising attended a millennial focus group, where she listened to Middle America consumers respond to questions about food, agriculture and technology, as well as meetings where she learned about laws regulating pet ownership, ways to revitalize rural schools, and hemp production and marketing efforts in Canada and Kentucky.“This summit updated hundreds of legislators on a variety of agriculture and rural topics,” Leising said. “As chair of the Senate Committee on Agriculture, I am pleased to have this new information, as our state might address similar issues in the future.”last_img read more

Roche in red

first_img Konig timed his winning burst to perfection on the Alto de Penas Blancas climb to hand Team NetApp-Endura their first victory in a Grand Tour. He set off in pursuit of leader Igor Anton (Euskaltel-Euskadi) two kilometres from the end and upped his speed again at the one-kilometre mark after being joined by a group of four including Roche (Team Saxo-Tinkoff) and Italian Ivan Basso (Cannondale Pro Cycling). Konig got past fading Basque Anton with 500 metres remaining and crossed the line 10 metres clear of charging Spaniard Daniel Moreno (Katusha), with King of the Mountains leader Roche five seconds adrift of the winner in third place. Stage-two winner Roche took over atop the general classification from Italian Vincenzo Nibali (Astana Pro Team), the Irishman establishing a 17-second cushion over American Chris Horner (RadioShack Leopard) and Moreno, with Nibali a further second back and Konig 29 seconds off the pace. Irishman Nicolas Roche took over the race leader’s red jersey at the Vuelta a Espana on Saturday by finishing third on stage eight, which was won by Czech rider Leopold Konig.center_img Press Associationlast_img read more

Szczesny clangers cost Gunners

first_imgWojciech Szczesny’s two goalkeeping howlers gifted Southampton a 2-0 victory over Arsenal that left Arsene Wenger fuming at St Mary’s. Szczesny raced out of his area to hand Sadio Mane the chance to chip home, before a weak clearance led to Dusan Tadic’s tap-in. Manager Ronald Koeman has already claimed Southampton can beat Arsenal to a top-four Barclays Premier League finish this term, and the Saints’ victory cemented fourth spot and a three-point advantage over the Gunners. Press Association Sanchez’s roaming threat created space in behind for Arsenal’s attacking midfield trio to exploit, only for Santi Cazorla to waste a glorious chance to open the scoring. The Spain midfielder scuffed his shot despite ghosting on to the penalty spot without any Saints attention. Cazorla’s lack of full connection gifted Fraser Forster a straightforward save as Saints stuck to their defensive duties manfully. Saints’ academy graduate Alex Oxlade-Chamberlain then fired a smart volley just wide of the far post, with Forster well beaten in the hosts’ goal. Mane quickly disabused any notions of Arsenal claiming control however, pouncing on Szczesny’s costly misjudgement to chip Saints into the lead. Arsenal’s Poland stopper needlessly raced out of his area to deal with a long ball, only to be beaten to the punch by Mane. The Senegal hitman nipped in first, spun round the Gunners goalkeeper and chipped home from an acute angle to pilfer the lead with his third goal in as many games. The former Salzburg speed merchant was forced to hobble off with injury minutes later, but his accurate finish kept Saints ahead at the break. Wenger sat fuming on the bench, shaking his head sullenly in reaction to Szczesny’s loose error that gifted Southampton the lead. Arsenal pressed at the half’s death, but a fine sliding challenge from Jose Fonte denied Kieran Gibbs, leaving Saints 1-0 to the good at the break. Arsenal pressed again from the restart, Toby Alderweireld forced to head clear from Cazorla’s dangerous cross. Sanchez wriggled into space for a shot in the Saints box, only for Forster to pull off a fine one-handed parry. In a flash Saints were back on the attack though, with Victor Wanyama lofting a fine ball in behind for Steven Davis. The midfielder controlled well and chipped into the six-yard box, forcing Mathieu Debuchy to trap, but before the France defender could take another touch Szczesny attempted a weak clearance. The loose ball landed straight at Tadic’s feet, and the Serbia star duly tapped home. Pelle fired a near-post shot against the post as Saints maintained their pace, while Florian Gardos was booked for taking out Sanchez just outside the box. James Ward-Prowse wasted a fine chance to kill the clash after losing control with the goal at his mercy, but Saints were still able to coast to victory. Saints will hope their first league victory over a traditional Premier League power this term will provide the catalyst to chase that unlikely Champions League qualification. Wenger meanwhile kept sullen countenance on the touchline as Arsenal failed to fire, enduring Saints fans’ taunts the Frenchman would be “sacked in the morning”. Arsenal struggled for a true goal threat with Alexis Sanchez deployed as a lone front man in the absence of Danny Welbeck, Olivier Giroud and Lukas Podolski. The German missed out through groin trouble, but rumours of a rift have increased as the forward eyes a move to Inter Milan. Arsenal’s squad frailties were once again exposed by their lack of an attacking alternative that will no doubt lead to renewed calls for Wenger to act in the January transfer window. Graziano Pelle should have headed Southampton into an early lead with the game’s first real chance. The Italy striker nodded against the post at point-blank range with Arsenal statuesque in the six-yard box. Szczesny then flicked a loose ball away from the onrushing Mane to keep the game goalless, and finally Arsenal settled. last_img read more

McGovern eyes national berth

first_img Press Association Carroll remains Michael O’Neill’s first choice, having played 15 successive qualifiers prior to the Romania clash, but McGovern is eager to inherit the gloves when the time comes. “I like to think that I have taken my chance now that it’s come,” said the 30-year-old. “Opportunities for me have been few and far between, so when they come I feel like I need to take them and stake my claim. “I’d love to play but of course I understand the situation. Roy has been excellent for Michael since he came back in and I wouldn’t be shouting from the rafters that I should be playing in the next game. “He’s not going to go on forever, but he has a few years left in him, so if I get a wee chance here and there before he does retire hopefully when he does step down I will be in a good position to take over.” Hamilton goalkeeper Michael McGovern believes he can be Northern Ireland’s number one when veteran Roy Carroll decides to call it a day.center_img McGovern made his first competitive start in Saturday’s goalless draw against Romania after 37-year-old Carroll was ruled out with an abdominal problem. That was only his fourth cap in five years, three of which have come since March. last_img read more

Pacquiao confirms November 5 fight date against Vargas

first_img(The Sports Xchange) – Manny Pacquiao confirmed yesterday he will come out of retirement to fight World Boxing Organisation welterweight champion Jessie Vargas on November 5 in Las Vegas.The 37-year-old Pacquiao, also a senator in the Philippines, issued a statement to announce his comeback opponent.“Yes, the fight is on,” Pacquiao said in the statement. “Boxing is my passion. I miss what I’d been doing inside the gym and atop the ring.”Pacquiao announced his retirement following an April 9 victory over Timothy Bradley Jr in their third fight so he could focus on his senate duties in the Philippines.Pacquiao (58-6-2, 38 KOs), who has won world titles in eight weight divisions, was widely expected to return to the ring at some point.Pacquiao, who was elected to the Philippines senate in May, said he will spend the entire training camp in his home country so he can also attend to his legislative work.“Boxing is my main source of income. I can’t rely on my salary as a public official,” Pacquiao said.“I’m helping the family of my wife and my own family, as well. Many people also come to me to ask for help and I just couldn’t ignore them.”last_img read more