Government is set to slash hybrid car subsidies as it focuses on pure electric power

first_imgFriday 12 October 2018 10:23 am The decision has provoked anger from industry trade bodies including the SMMT.Read more: Volvo dreams up its first driverless electric car”Prematurely removing up-front purchase grants can have a devastating impact on demand – without world-class incentives, government’s world-class ambitions will not be delivered,” said Mike Hawes, chief executive of the SMMT.Jack Cousens, head of roads policy for the The Automobile Association, feared that this would hamper government aims to promote green car sales.”The government wants to end the sale of petrol and diesel cars, but scrapping grants for low emission cars may well stall their progress. This announcement will simply put more drivers off from buying greener cars,” he said. Sales of alternatively fuelled vehicles, which include various types of environmentally-friendly cars, are the fastest growing sector in the car market, rising 22 per cent so far this year, according to research from the Society of Motor Manufacturers and Traders (SMMT).Hybrid cars possess both a combustion and electric engine, and customers have enjoyed cash incentives to purchase them since 2011 as part of government efforts to establish the plug-in car market and reduce emission levels from cars. The Department for Transport (DfT) is cutting subsidies available for customers purchasing plug-in hybrid vehicles, as the government looks to shift consumer focus towards pure electric models instead. From next month, buyers of cars that emit less than 50 grams per kilometre of CO2 and have a zero-emission range of at least 70 miles will see the price reductions they are eligible for reduced by 22 per cent from £4,500 to £3,500.Meanwhile, vehicles that release up to 75g/km of CO2 but with a lower zero-emission range will no longer be eligible for any subsidies at all.“With plug-in hybrid models like the Mitsubishi Outlander becoming popular among consumers the government is focussing its attention to zero emission models such as the Nissan Leaf and BMW i3,” the government said in a statement.Read more: Toyota recalls 2.4m hybrid vehicles over stalling issueIt also said the move reflected general decreases in the price of buying alternatively fuelled vehicles in the UK. Nicholas EarlNicholas Earl is a sports and business contributor. 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Government is set to slash hybrid car subsidies as it focuses on pure electric power The Nissan Leaf is a highly popular all-electric vehicle an example of the kind of vehicle the government is now looking to promote with their fresh overhaul of vehicle subsides (Source: Getty)However, the overall vehicle market is down by 7.5 per cent this year after recent clampdowns on diesel and more stringent emissions tests.The announcement comes two weeks before chancellor Philip Hammond is due to make his annual Budget statement and three months after the government published its Road to Zero strategy, with a proposal to remove petrol and diesel cars from UK roads by 2050, a move that could force all motorists to own electric models. whatsapp Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBe20 Stunning Female AthletesBetterBeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy Fan Tags: Trading Archivelast_img read more

Coronavirus: UK cases rise by over 600 to reach 2,626

first_img Coronavirus: UK cases rise by over 600 to reach 2,626 The FTSE 100 is down 3.64 per cent to stand at 5,102 points, as it wiped out the gains made yesterday. Sterling was last down 1.8 per cent against the dollar at $1.185. It had earlier fallen below $1.184, its lowest point since the economic turbulence of the 1980s. The drop killed yesterday’s 2.8 per cent increase after chancellor Rishi Sunak announced £330bn in government-backed loans for British businesses and £20bn of handouts. Share The Department of Health has confirmed that there have now been 2,626 coronavirus cases in the UK, up from 1,950 cases yesterday. whatsapp (Getty Images) Yesterday, Chancellor Rishi Sunak unveiled emergency measures to mitigate the impact of the outbreak on business. He pledged a staggering £330bn lifeline for UK firms, and pledged a business rate holiday for all firms, in a bid to keep companies afloat. More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp China still has the most number of confirmed infections with 81,102, followed by Italy on 31,506, Iran on 16,169, Spain on 13,716 and Germany on 9,877. “With investors desperately looking for something resembling a safe haven, the dollar has become a go-to for nervy traders, causing the pound to get absolutely pummelled,” said Connor Campbell, financial analyst at trading platform Spreadex. Sterling crashed to its lowest level since 1985 as investors flocked to the dollar amid the coronavirus outbreak, as they brace themselves for an economic hit in the UK. Sterling crashes to 1980s lows Schools will be shut from Friday and may not open after the Easter break. All schools in Wales are also set to shut this week over concerns that the UK is moving into the peak period of infection. (Getty Images) Also Read: Coronavirus: UK cases rise by over 600 to reach 2,626 Get the news as it happens by following City A.M. on Twitter.  It is the biggest daily surge of confirmed cases yet, as the government prepares for a surge in cases. The government said it had now tested 53,595 people for Covid-19. UBS strategist Thomas Flury said: “The main reason for dollar demand is liquidity concerns: In volatile times, companies and investors need dollars to settle transactions.”  Panic wipes out FTSE 100 gains More than a third of the total deaths from the virus have been in the Chinese province of Hubei, where the virus was first passed onto humans. Earlier today it was confirmed that the number of global cases had surpassed 200,000, and the death toll had reached 8,006, according to Johns Hopkins University. Wednesday 18 March 2020 3:21 pm Global cases surpass 200,000 On Twitter the Department announced that it would provide an update on the number of deaths later today. Measures to halt the spread of coronavirus have been stepped up in the UK, as First Minister Nicola Sturgeon announced that schools in Scotland will close as a result of the outbreak. Investors shrugged off stimulus packages from governments and kept selling risk assets as panic over the coronavirus continued. Show Comments ▼ Angharad Carrick last_img read more

Alaska Supreme Court hears challenge to fish landing tax

first_imgAleutians | Fisheries | State GovernmentAlaska Supreme Court hears challenge to fish landing taxOctober 22, 2020 by Jacob Resneck, CoastAlaska Share:The Alaska Supreme Court heard oral arguments in State of Alaska, Dept of Revenue v. North Pacific Fishing , et al. on October 21, 2020. At stake is a raw fish tax that’s shared with coastal fishing towns across Alaska. (Screenshot by Jacob Resneck/CoastAlaska)Alaska’s Supreme Court is weighing the legality of a raw fish tax that has pumped at least $25 million into coastal communities over the past five years. But a lawsuit filed by a Washington-based seafood company could change that.Since the 1990s, Alaska has taxed seafood caught by factory trawlers and floating processors through the fisheries resource landing tax. Even though the fish is caught outside the 3-mile line in what’s considered federal waters, it’s often brought to Alaska fishing ports before being loaded on cargo vessels and shipped overseas.But the Washington state company, Fisherman’s Finest, is now challenging the state’s tax in court, arguing it violates a pair of provisions of the U.S. Constitution that restrict coastal states from imposing tariffs or duties on goods brought into and out of a state.Attorney Jim Torgerson told the Alaska Supreme Court on Wednesday that the U.S. Supreme Court wrote in 1996 that it “has never upheld a state tax assessed directly on goods in import or export transit.”“Yet the state is here today, asking this court to uphold a state tax assessed directly on goods in export transit,” he said.Fisherman’s Finest won a lower court decision last year saying the fish tax is unconstitutional. But the State of Alaska has appealed.Assistant Attorney General Laura Fox told the justices that the framers of the U.S. Constitution weren’t interested in giving some taxpayers preferential treatment.“Catcher/processor operations take advantage of Alaska to further their business and Alaska’s landing tax merely requires them to pay their fair share for doing business in Alaska like other businesses do,” she said.This fish tax brought in nearly $42 million over the past four years. More than half of that was shared with Alaska fishing ports.But nowhere is the revenue more significant than Unalaska, where Dutch Harbor is homeport of the lucrative pollock fishery.“I think they should pay,” Unalaska’s vice mayor Dennis Robinson told CoastAlaska on Wednesday. “They use our services to be able to get their product to market.”The port city in the Aleutians collected about $4.6 million from the raw fish tax in 2019. Adak was a distant second, receiving about $150,000 during that same period. Robinson said if the tax is struck down, Unalaska could establish its own excise tax. But that wouldn’t do much for the rest of the state.“As a city, we’d like to see that tax remain in effect,” he said. “And not only for our own interest, but for the interests of the state of Alaska.”The Supreme Court justices asked only a few questions on Wednesday. It’s not clear when they’ll rule whether Alaska’s fisheries resource landing tax is legal under the U.S. Constitution.Share this story:last_img read more

Alaska legislators apologize for allowing public to attend gathering in Capitol complex, against safety rules

first_imgJuneau | Politics | Southcentral | State GovernmentAlaska legislators apologize for allowing public to attend gathering in Capitol complex, against safety rulesApril 7, 2021 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Rep. Sara Rasmussen, R-Anchorage, apologizes for allowing members of the public barred from the Capitol complex due to pandemic safety rules to enter the Terry Miller Legislative Legislative Office Building for a social gathering last week. She spoke during a House floor session on Wednesday in the Capitol. (Gavel Alaska screen capture)Members of the public who are barred from the state Capitol complex due to pandemic safety rules attended a social gathering with legislators in a complex building last week. The gathering was in the gymnasium in the Terry Miller Legislative Office Building, which is across 5th Street from the Capitol. Anchorage Rep. Sara Rasmussen told the Alaska House of Representatives that it was a mistake during the floor session on Wednesday.“I apologize to all of you for the lack of judgment that was exercised when several of us entered the gym and allowed [in] a few people who are members of the public and do not have keycard access to the facility,” she said.Rasmussen said the gathering included playing ping pong and shooting basketballs. She is a Republican who is not a member of either House caucus.After the gathering, the head of the office that oversees the Capitol — the Legislative Affairs Agency — sent an email to all legislators and legislative aides reminding them that no one is allowed into legislative buildings who hasn’t been tested and screened for COVID-19.Anchorage Rep. Kelly Merrick echoed Rasmussen’s apology. She is a Republican who caucuses with the mostly Democratic majority.“Last week we made a poor choice and pledge not to repeat that mistake,” she said. “We also immediately have apologized to the Legislative Affairs Agency and we ask forgiveness from this body and from Alaskans.”Anchorage Democratic Rep. Zack Fields also attended the gathering. He did not talk about it during the floor session. Share this story:last_img read more

Champions League draw: Arsenal gifted easy Monaco draw, but Chelsea and Manchester City handed tough ties

first_img whatsapp whatsapp Joe Hall Share Monday 15 December 2014 6:42 am 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Arsene Wenger will head back to his old stomping ground Monaco next year, after Arsenal drew the French side for the Champions League last 16. Meanwhile, Manuel Pellegrini and Jose Mourinho will be wary of two tough-looking draws for Manchester City and Chelsea, against Barcelona and Paris Saint-Germain respectively. The Gunners have failed to progress past the last 16 stage of the competition for four consecutive seasons after tough draws against Barcelona, AC Milan and Bayern Munich (twice). After finishing second in their group, Arsenal fans feared another tough draw against Real Madrid or Bayern Munich, but will be confident against a Monaco side who scored just four goals in the group stage. The first leg will take place on either the 17/18 or 24/25 of February, with the return on either 10/11 or 17/18 March. It’s a familiar feeling for Manchester City, who face Barcelona in the first knockout stage for the second successive season. Last season Manuel Pellegrini’s men came unstuck against Lionel Messi and co, losing 4-1 on aggregate over two legs.  Jose Mourinho’s Chelsea will play Group F runners-up Paris St. Germain – a rematch of last season’s quarter-final. The Blues then turned around a 3-1 first leg deficit in dramatic style at Stamford Bridge. The draw in full: PSG vs ChelseaMan City vs BarcelonaLeverkusen vs Atletico MadridJuventus vs DortmundSchalke vs Real MadridShakhtar Donetsk vs BayernArsenal vs MonacoBasel vs Porto center_img Champions League draw: Arsenal gifted easy Monaco draw, but Chelsea and Manchester City handed tough ties Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: Manchester Citylast_img read more

Near-doubling of gains at McBride sends shares higher

first_imgSHARES in McBride surged yesterday as profits at the company almost doubled in the last six months of 2014Growth in Germany derived from prior year business wins was offset by a weaker performance in Italy and Spain and subdued revenues in UK and France.The company, which specialises in making household and personal care products, has benefited from the decline in input-costs and increased productivity.Despite a decline in revenues of four per cent to £365m during this period, profit before tax rose 97 per cent to £7.3m. Shares in the company closed up 3.45 per cent on the results. whatsapp Share Show Comments ▼ Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles Skillcenter_img Near-doubling of gains at McBride sends shares higher More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Express KCS Thursday 5 February 2015 8:08 pmlast_img read more

Hospital exec Nabel, criticized for her work with NFL, defends her neutrality

first_img Related: Later that day, she wrote Koroshetz that “a Dr. Stern, who may also be with this group, has filed independent testimony in the NFL/Players Association settlement.”Indeed, Stern was critical of how the settlement would be administered, pointing out flaws with the neuropsychological tests that the league proposed using to determine how to compensate injured players.“I hope this group is able to approach their research in an unbiased manner,” Nabel’s email continued, the report says.Nabel sent Stern’s testimony to Koroshetz, according to the report.“My sole objective,” Nabel said in her statement, was to ask her former NIH colleagues to “ensure there were no conflicts of interest among grant applicants.”The NIH found no conflicts involving the grant review panel and stuck with its decision to award the grant to the Stern group. It ended up using internal funds, not the NFL money, to pay for the grant.The NIH told STAT it agrees with the “characterization of events in the report.”The committee staff declined to provide copies of Nabel’s emails to STAT. Nabel, director of the National Heart, Lung, and Blood Institute from 2005-2009, declined to be interviewed, but a Brigham spokeswoman answered questions posed by STAT in writing.She said Nabel contacted Dr. Thomas Insel, director of the National Institute of Mental Health, soon after becoming an NFL adviser in February 2015, to propose a collaboration “to explore the interface between head trauma and behavioral health.” That led to followup discussions with other NIH officials, including Koroshetz.“Months later, when representatives from the NFL’s Head, Neck, and Spine Committee expressed concerns about potential conflicts of interest among grant applicants, Dr. Nabel contacted Dr. Koroshetz to bring the concerns to his attention,” the spokeswoman said. “At no time did she raise, nor did they discuss, allocation of funds.” Dr. Elizabeth Nabel speaks during a NFL health and safety update in San Francisco in February. Gregory Payan/AP Please enter a valid email address. By Bob Tedeschi and Ike Swetlitz May 25, 2016 Reprints NFL ‘improperly attempted to influence’ concussion research funding After a public fall, the face of NFL concussion denial resurfaces Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Leave this field empty if you’re human: The report says that in June 2015, Koroshetz proposed funding additional research, in a call with other NFL representatives, to “address the NFL’s concerns.”Nabel was also involved in discussions with Koroshetz about funding additional studies, according to her spokeswoman. “She was working through the appropriate channels to ensure this important research be conducted in a way that would yield the best possible science,” the spokeswoman said.According to a letter sent this March by Democratic members of the House committee to NFL Commissioner Roger Goodell, Nabel later wrote in an email to the FNIH and an NFL official last August that a collaboration of three research groups “would be ideal and would dilute the voice of a more marginal group.”Other NFL representatives contacted both Koroshetz and the FNIH, which was to manage communication between the NFL and NIH regarding this research project, according to the committee report. Those representatives included Dr. Richard Ellenbogen, cochairman of the league’s Head, Neck, and Spine Committee.The NFL said in a statement that “concerns were raised for review and consideration through the appropriate channels.”Jeff Miller, the NFL’s executive vice president of health and safety, told the congressional investigators that Nabel and Ellenbogen believed they raised their concerns “in the most appropriate way, and this back-and-forth over the grants process was hardly unusual,” according to the report.Nabel said in her statement, “The members of the NFL’s Head, Neck, and Spine Committee acted appropriately.”The committee report said that Koroshetz disagreed with Miller’s characterization, and said he “was aware of no other instance where a donor raised objections to a grantee prior to the issuance of a notice of grant award.” Related: Privacy Policy BusinessHospital exec Nabel, criticized for her work with NFL, defends her neutrality Dr. Elizabeth Nabel, president of Boston’s Brigham and Women’s Hospital and one of the nation’s most prominent medical executives, was part of a National Football League effort to “steer funding” for a landmark concussion study away from a group of respected brain researchers, according to a congressional committee report that was sharply critical of the league.The report found that the NFL “inappropriately attempted to influence” the National Institutes of Health’s grant selection process.Nabel, who also serves as the NFL’s chief health and medical advisor, told STAT she “had no intention of influencing” the NIH process. “I made my neutrality quite clear,” she said in a statement.advertisement “The NFL’s characterization of the appropriateness of its actions suggests a lack of understanding of the importance of the NIH’s independent peer review process,” the committee report states.Nabel’s spokeswoman said Koroshetz never told Nabel her actions were inappropriate. “In fact, all of their interactions were very collegial and cordial,” she said.Arthur Caplan, a professor of bioethics at New York University, said Nabel’s actions, as described in the report, risk harming Nabel’s reputation and that of the Brigham. “When she did anything to try to shape the selection of investigators or challenge the objectivity” of the grant selection process, he said, “she had to know that that was 100 percent inappropriate, 100 percent unacceptable.”On Tuesday, Ellenbogen sent a letter to members of the committee saying that the reports’ allegation that he “and others participated in an effort to influence an NIH grant selection process” could not “be further from the truth.” He said that he was not contacted by the committee staff. Released on Monday, the report was written by the Democratic staff of the House Committee on Energy and Commerce.It cited a series of communications between NFL representatives, including Nabel, and officials of the NIH, and a foundation that accepts gifts from private donors to support NIH research. The discussions began after the NIH decided last year to award a $16 million grant to a research team led by Dr. Robert Stern of Boston University — but before the award was publicly announced.advertisement The money for the grant was to come from a donation pledged by the NFL to the Foundation for the National Institutes of Health, and league officials say they were concerned about aspects of Stern’s group and the proposed study.Research by Stern’s team and BU colleagues has helped establish a link between football and chronic traumatic encephalopathy, long-term brain damage that’s been observed in a growing number of athletes, including former NFL players, who suffered repeated head injuries.Nabel, who knows the NIH well from her 10 years working as a high-level manager in the agency, sent two emails to Dr. Walter Koroshetz, director of the National Institute of Neurological Disorders and Stroke, according to the report. That’s the NIH branch that was awarding the grant.In one email on June 23, 2015, she wrote, “I am taking a neutral stance here,” while noting a concern about a potential conflict of interest: members of the NIH grant review panel had coauthored papers with two researchers that she had heard might be receiving the grant — Dr. Ann McKee and Dr. Robert Cantu of BU. Related: Concussion, Inc.: The big business of treating brain injuries Tags Brigham and Women’s HospitalconcussionsNational Football LeagueNIHlast_img read more

Teachers Workshop Kicks Off

first_img News Facebook Twitter SHARE RELATED ARTICLESMORE FROM AUTHOR AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Teachers Workshop Kicks Off News News center_img There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak By Daily NK – 2014.09.03 4:33pm News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

Industrial Alliance launches FORLIFE Series

first_img Facebook LinkedIn Twitter Quebec City-based Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG) has added the FORLIFE Series to its individual savings and retirement plan. The new lifetime guaranteed income product is intended to meet the needs of clients looking to grow their retirement savings through market investments in order to build up a stable, guaranteed lifetime retirement income. JustWealth enters group benefits space Share this article and your comments with peers on social media Keywords RetirementCompanies Industrial Alliance Insurance and Financial Services Related newscenter_img The FORLIFE Series also meets the needs of clients seeking a lifetime guaranteed income right away, Industrial Alliance says. “Today, we can’t plan for our retirement like before,” states Clément Gignac, Senior Vice-President and Chief Economist. “It’s important for us to offer investment solutions and income security products that can allow young retirees or those approaching retirement to counter their longevity risk and take full advantage of their long years ahead. One of these innovative solutions is the FORLIFE Series.” The FORLIFE Series includes two stages to help clients build their retirement income: In the Savings Stage, clients of all ages can take full advantage of market return potential and invest in a complete range of 46 funds, including a number of 100% equity funds. In addition, after 10 years, they will benefit from a contractual guarantee that ensures them a minimum amount of retirement income. This minimum income varies based on the age clients begin receiving income and is equal to 5% of their deposits if withdrawals begin at age 65. The Income Stage allows clients age 50 and older to receive a lifetime guaranteed income. Their income can also increase over time thanks to automatic income resets carried out every three years. In addition to receiving a guaranteed income for life, clients have full access to the market value of their investments. “During both the Savings Stage and the Income Stage, clients concerned about protecting their estate can count on a 100% death benefit guarantee for their invested deposits,” says Marie-Claude Poulin, director, savings and retirement products. “The FORLIFE Series offers clients a simple solution for creating their own flexible retirement plan within a single contract.” Clients can both take advantage of market growth potential and count on a guaranteed income for life. Two funds are offered to clients for their lifetime guaranteed income. The income rates on each fund are determined based on age, sex and interest rate levels. The Guaranteed Maximum Income Fund is a 100% fixed income fund designed to maximize income. The Guaranteed Income & Growth Fund is made up of 70% fixed income and 30% equity, and is designed to maximize capital preservation and potential for income growth. New CI fund to invest in “longevity economy” IE Staff RBC GAM updates retirement portfolioslast_img read more

TSX down moderately amid oil price rally

first_img Canada’s main stock index fell moderately in a largely broad-based decline on Thursday despite a strong rally in oil prices, as U.S. markets saw little movement.The Toronto Stock Exchange’s S&P/TSX composite index was down 90.75 points to 15,860.92 — with modest gains from the energy and base metals sectors among the few bright spots. Digital design economic Stock market chart bluebay/123RF Share this article and your comments with peers on social media Among sectors with the largest losses was consumer staples, as grocery giants such as Metro Inc. and Loblaw Companies Ltd. saw their shares drop by 2.72% and 1.73%, respectively.According to court documents released Wednesday, the Competition Bureau believes Canada’s two largest bread wholesalers colluded to raise prices in lockstep over about 16 years. They then allegedly met with five retailers — including Loblaw and Metro as well as Walmart Canada Corp., Sobeys Inc. and Giant Tiger Stores Ltd. — who accepted the hike on condition their competitors would follow suit.“What you’re seeing overall is that we’re starting to come up to an inflection point where the market is going from showing immunity to any sort of bad news to actually now looking for bad news,” said Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc. in Toronto.“So when you look at the behaviour of the TSX today, and some of the selling off that’s taking place, especially in the grocery sector, you ask yourself if this was to happen 12 months ago, or even six months ago, how would the market have felt? … It would have meant nothing a year ago.”“Investors may initially view that as a negative but we think it’s healthy and appropriate,” he added. “It’s this volatility that’s going to create buying opportunities but more so help prevent equities from getting ahead of themselves in terms of valuations.”South of the border, U.S. stock indexes were mostly lower Thursday after shedding modest gains from earlier in the day.In New York, the Dow Jones industrial average advanced 37.32 points to 26,186.71. The S&P 500 index edged back 1.83 points to 2,821.98 and the Nasdaq composite index fell 25.62 points to 7,385.86.Investors continued to sift through a raft of corporate earnings reports. About a third of the companies in the S&P 500 have reported results so far this earnings season, and some 65% of those have delivered both earnings and revenue that exceeded financial analysts’ expectations, according to S&P Global Market Intelligence.“Good earnings alone or maybe great earnings alone won’t move the stock market up,” said Bob Doll, chief equity strategist at Nuveen Asset Management. “We got to have a pause in the rate of increase in interest rates for the uptrend to resume.”In currency markets, the Canadian dollar closed at an average trading value of US81.38¢, up 0.03 of a U.S. cent.On the commodities front, the March crude contract climbed US$1.07¢ to US$65.80 per barrel and the March natural gas contract fell 14¢ to US$2.86 per mmBTU.The April gold contract was up US$4.80 to US$1,347.90 an ounce and the March copper contract added a cent to US$3.21 a pound.With files from The Associated Press S&P/TSX composite hits highest close since March on strength of financials sector Toronto stock market dips on weakness in the energy and financials sectors David Hodges Related news Keywords Marketwatch TSX gets lift from financials, U.S. markets rise to highest since March Facebook LinkedIn Twitterlast_img read more