Rishi Sunak’s Kickstart scheme can help blunt the youth unemployment crisis

first_img Clearly then, urgent action is needed to prevent us from losing a generation of talent to the pandemic. Enter, Rishi Sunaks’s new £2bn Kickstart scheme for Britain’s 16 to 24 years olds that will see the Treasury paying wages for six-month work placements. Here the government has begun to lay the foundations of a powerful solution, providing high hopes hundreds of thousands of jobs could be created.   Firstly, the country’s largest businesses have been encouraged to apply directly to the government, to launch work placement opportunities at scale. For Britain’s smaller firms, or those wishing to offer less than 30 placements, the government is relying on a different mechanism. That requires employers to group together, or to work with organisations that are willing to step forwards to act as aggregators, to pool job vacancies.  whatsapp Show Comments ▼ Given the pervasive and growing levels of youth unemployment and job losses at scale, there is no silver bullet. Yet, it will be essential to call upon the entire range of stakeholders that underpin the UK jobs market. Entrepreneurs, government, charities, social enterprises can all be part of packages, like the Kickstart scheme, being implemented to keep the pipeline of employment flowing. Collaboration will be vital in opening doors where they have been consistently closing for the youth of this country.   City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. It is also important to note that work placements and full-time jobs are very different things, both for the individuals involved, and for long term economic impact. With the Kickstart scheme there is a genuine opportunity for employers not to simply fill the subs bench, but to create jobs of the future and provide the hands-on training that will help young people meet the demands of a new-look economy.   Share (Getty Images) Also Read: Rishi Sunak’s Kickstart scheme can help blunt the impending youth unemployment crisis Yet, whilst the government can legislate and fund this ambitious move, there is certainly a role for businesses themselves to play in maximising its impact and reach.   Forty per cent of employers say the skills shortage is the main barrier for filling entry-level jobs, and this is costing firms £6.6bn a year according to the Open University’s Business Barometer. Now is the perfect time for firms to address the skills gap in a cost-effective, sustainable manner.   Rishi Sunak’s Kickstart scheme can help blunt the impending youth unemployment crisis Michael Houlihan Friday 18 September 2020 4:41 am (Getty Images) Most will agree that surging youth unemployment must be halted and will testify to the same goals as the Kickstart scheme – not just for the sake of the careers and health of an entire generation, but for the UK’s wider economic recovery too.   Opinion The long term social and economic impact of the Kickstart scheme will be largely determined by the conversion rate between those that enrol, and those that are offered full-time work thereafter. Six-month placements are great as a short-term measure and provide valuable income and experience. But what makes the difference is full-time employment.  Only with that financial stability can young people look forward, sign leases, take out mortgages, and plan for the future. This will make the difference for this scheme and where it can be effective long term. Critical to achieving this will be matching candidates to the right work placement opportunities, which must be high up the agenda for all the concerned public, private, and charity sectors.  whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USADefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider There is a clear consensus that the picture will get worse before it gets better. As furlough has started to wind down, the data has shown unemployment increasing. Looking ahead, The Institute for Public Policy Research has even warned that youth unemployment could hit 1m by the end of 2020, surpassing levels seen in the 2008 global financial crisis. The success of Kickstart now seems heavily contingent on the effectiveness of that mechanism, and will hopefully spark a wave of collaboration that maximises the volume of work placements offered.  Michael Houlihan is the CEO of Generation UK (Getty Images) Also Read: Rishi Sunak’s Kickstart scheme can help blunt the impending youth unemployment crisis This week’s unemployment figures from the Office for National Statistics paint a gloomy picture for Britain’s young people. In the UK those aged 16 to 24 have been hit hardest by job losses since the economy locked down. There were 156,000 fewer young people in employment in the three months to July when compared with the same period in 2019.   That previous recession is a relevant reference point for other reasons. We also know that in the years that followed, young and disadvantaged people bore the brunt of economic turmoil. That reality is unfortunately repeating itself, and more acutely this time around. The deeper economic impact from Covid-19, and the reality that these same groups will take the biggest hit, combine to paint a scary picture.  Tags: employment and wages UK jobs, employment and wageslast_img read more

Obama Administration Will Not Allow Atlantic Offshore Drilling

first_imgEnvironmentObama Administration Will Not Allow Atlantic Offshore DrillingMarch 15, 2016 by Merrit Kennedy, NPR News Share:Interior Secretary Sally Jewell testifies on Capitol Hill in Washington in December.Manuel Balce Ceneta/APThe Obama administration is reversing a plan to allow oil drilling in the Atlantic Ocean, after an uproar from local communities over environmental concerns.“We heard from many corners that now is not the time to offer oil and gas leasing off the Atlantic coast,” Interior Secretary Sally Jewell said.Georgia Public Broadcasting’s Emily Jones tells our Newscast unit that this is a reversal from a draft proposal issued in January 2015:“The Department of Defense, environmental groups and more than a hundred coastal communities objected to the drilling proposal. They argued drilling would conflict with Navy and commercial fishing activity, and endanger wildlife.”The Interior Department says the original plan received more than a million comments. The proposal included a lease area that started 50 miles off the coast and stretched from Virginia to Georgia. It would have allowed drilling starting from 2021.The original proposal allowing drilling in the Atlantic was billed by the Interior Department as a “balanced approach” and included protections for land in Alaska, as NPR’s Mara Liasson reported. She adds: “That seemingly contradictory package of drilling regulations had environmentalists cheering and jeering at the same time.”The New York Times reported the proposal to allow drilling had been popular with lawmakers from the states impacted:“The proposal came after governors, state legislators and senators from Virginia, North Carolina, South Carolina and Georgia all expressed support for the drilling. Lawmakers in the state capitals saw new drilling as creating jobs and bolstering state revenue.”And unsurprisingly, the proposal had also been popular with the oil and gas industry, which saw the Atlantic as a “promising frontier.” As Bloomberg reports, “It’s unclear how much oil and gas could be deposited along the U.S. East Coast; government projections using decades-old geological surveys estimate 3.3 billion barrels of oil and 31.3 trillion cubic feet of natural gas.” The news service adds: “Geologists say discoveries in other Atlantic waters around the world suggest even bigger potential.”Jacqueline Savitz, the U.S. vice president of the ocean advocacy group Oceana, said in a statement Tuesday that “with this decision coastal communities have won a ‘David vs. Goliath’ fight against the richest companies on the planet, and that is a cause for tremendous optimism for the well-being of future generations.”The current plan is not yet final. The Interior Department called Tuesday’s announcement “one step in a multi-step process.”As Emily reports, “the new proposed five-year program also outlines plans for oil drilling in the Arctic and the Gulf of Mexico.”Copyright 2016 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

Feds worry oil pipeline near leaking Cook Inlet gas line also at risk

first_imgAlaska’s Energy Desk | Energy & Mining | SouthcentralFeds worry oil pipeline near leaking Cook Inlet gas line also at riskMarch 17, 2017 by Rachel Waldholz, Alaska’s Energy Desk Share:Cook Inlet oil platforms are visible from shore near Kenai, Alaska. (Photo by Rashah McChesney/Alaska’s Energy Desk)Federal regulators are raising concerns about a second pipeline in Cook Inlet.It’s been more than a month since the oil and gas company Hilcorp discovered a leak in a natural gas pipeline fueling one of its offshore drilling platforms. That line continues to leak methane into the Inlet near Nikiski. The company has said, due to hazardous ice conditions, repairs are unlikely to begin until later this month at the soonest.Now, federal regulators are ordering the company to inspect a second pipeline, which runs parallel to the first — but carries crude oil instead of natural gas. Regulators say an oil leak could cause much more environmental damage than the current natural gas leak. Both pipelines run through key habitat for endangered beluga whales.In a letter today, the federal Pipeline and Hazardous Materials Safety Administration said the same conditions which likely ruptured the first pipeline also threaten the second. Those include strong tides causing the pipeline to rub against the floor of the Inlet.In a statement, Hilcorp said it will work with state and federal agencies to respond to their concerns. But for now, the company said, there’s no sign of damage to the oil line.Share this story:last_img read more

ADN declares bankruptcy, announces new owners

first_imgBusiness | SouthcentralADN declares bankruptcy, announces new ownersAugust 15, 2017 by Zachariah Hughes, Alaska Public Media Share:The sidewalk near the corner of Front and Seward streets has one of the few Alaska Dispatch News vending machines in Juneau. (Photo by Jeremy Hsieh/KTOO)The state’s largest newspaper is filing for bankruptcy protection, and may soon have new owners. The Alaska Dispatch News announced a deal this weekend that could turn the paper over to a publishing group made up of lifelong Alaskans.In an article on its front page Sunday, the Dispatch reported its owner, Alice Rogoff, is stepping down, with new owners taking control immediately. That group is made up of siblings from Fairbanks lead by businessman Ryan Binkley, along with Jason Evans, originally of Nome. Evans currently owns three small Alaska papers: the Arctic Sounder, Bristol Bay Times-Dutch Harbor Fisherman and Homer Tribune.In a statement that ran Sunday alongside the news article in the ADN, the new owners say they are committed to keeping up the paper’s robust coverage of Anchorage and the state.The deal is not yet final. Evans wrote an email to staff at his papers Monday saying the new arrangement could fall apart “due to uncertainty of the the bankruptcy process.” Evans added that it’s the Binkley family that is seeking to “buy the paper out of bankruptcy,” and his main contribution is advice. That includes pushing the paper to hire Jerry Grilly, a former publisher of the Anchorage Daily News and Denver Post, whom Evans describes as a “newspaper turnaround expert.”The ADN is facing multiple lawsuits over allegations of unpaid bills and breached contracts. On Friday, telecom firm GCI filed a complaint seeking to recoup nearly $3 million and evict ADN from the warehouse space that houses the paper’s printing press. In a statement published by the Dispatch, Rogoff said it’s a “bittersweet moment” to be “handing off stewardship” of the paper. She added that financial realities can’t be wished away.Rogoff bought the paper for $34 million in 2014.Neither Rogoff nor the new owners offered any information on the fate of the Dispatch’s current employees, or whether the company expects to downsize in the immediate future.Share this story:last_img read more

Ketchikan celebrates Indigenous Peoples Day

first_imgAlaska Native Arts & Culture | SoutheastKetchikan celebrates Indigenous Peoples DayOctober 8, 2018 by Leila Kheiry, KRBD Share:Ronny Robert Pungowiyi poses in front of his poster for Indigenous Peoples Day held on Oct. 8, 2018. He’s Siberian Yupik and his poster focuses on seal and sea otter hunting. (Photo by Leila Kheiry/KRBD)Monday marks the second year for Alaskans to commemorate Indigenous Peoples Day rather than the federal Columbus Day holiday. In Ketchikan, the local UAS Campus Library hosted a celebration of indigenous culture.Audio Playerhttps://krbd-org.s3.amazonaws.com/wp-content/uploads/2018/10/08IPDay.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.A table is filled with food made from traditional ingredients: smoked salmon, beach-asparagus dip, berry jams and scones. High school students from the Tribal Scholars program are gathered, filling their plates.Those students, all Alaska Native or Native American, made posters that are hanging on the walls of the UAS Ketchikan Campus Library. Each poster represents Native culture, in any way the student chose.But, teacher Barbara Morgan said, it had to follow the theme of “Sense of Place,” and she made the assignment specific to science because that’s her area of specialty.“So I also had them use their senses to make an observation that would tie into the scientific process that starts with an observation,” she said. “They did a good job.”Ronny Robert Pungowiyi is Siberian Yupik, and his poster is about seal and sea otter hunting.“It’s one of those things I grew up on, (that) my father taught me how to do,” he said. “Hunting and fishing. Seal and sea otter is my most favorite things to hunt.”Pungowiyi said he learned the traditional hunting methods, and has been hunting since he was 2 years old.He said Indigenous Peoples Day to him means learning where he came from.Brooke Edenshaw said the day helps Alaska Natives be proud of who they are. Her poster focuses on the Kuspuk, a traditional Yupik garment worn by women.“They were initially to keep fur parkas clean and they were made out of animal gut and skin,” she said. “Now they’re commonly made out of cotton and silk, and designed with rikrak.”Edenshaw is Yupik, and said she has a couple of Kuspuks at home, but she’s outgrown them.In addition to the posters, some tables in the library display traditional items made by Alaska Native residents. Merle Hawkins makes all kinds of products from devil’s club. She said the formidable plant hides important traditional medicine under all those thorns.Merle Hawkins harvested and dried devil’s club bark for Indigenous Peoples Day on Oct. 8, 2018. Alaska Natives in Southeast have traditionally used the bark for medicinal tea and ointments. (Photo by Leila Kheiry/KRBD)“I brought a fresh piece of devil’s club so they could see it, feel it, smell it, touch it,” she said.But, usually you don’t want to touch devil’s club.“Oh, I softened it up some,” Hawkins said. “I scraped the thorns off right away.”And how does she harvest it without hurting herself?“I use thick leather gloves. I saw it down. First thing I do is scrape the thorns off,” she said. “Then you get, there’s a thin brown layer of bark I scrape that one off next. Then the green layer, that’s the third layer, that’s the bark for the medicine.”Hawkins said that green layer can be dried and used as a medicinal tea for arthritis or stomach problems. It also can be put in a jar with olive oil. After a while, the devil’s club bark infuses the oil with its medicinal qualities, and the oil can be used to make ointment and other products.Hawkins is Haida, and said local indigenous people have been using devil’s club bark for thousands of years. They learned about it from watching bears rolling on the thorny plant.“In the summertime, the needles and everything they slough off because the sap is flowing, and then it’s real moist next to the bark,” she said. “So, good medicine even for the animals.”Hawkins said to her, Indigenous Peoples Day highlights the challenges Alaska Native have overcome, and their resiliency in maintaining their culture.The Tribal Scholars program is a cooperative effort between Ketchikan Indian Community and the Ketchikan School District. It provides an alternative education model with a focus on Alaska Native traditions.Share this story:last_img read more

WTI crude oil price is tumbling towards $40 a barrel as it sets up for second longest losing streak in over 30 years

first_img James Nickerson whatsapp US oil price benchmark West Texas Intermediate (WTI) crude spent the afternoon plummeting towards the $40 a barrel mark, its lowest level since 2008.In late afternoon trading, the benchmark was hovering around $40.16 a barrel.  This comes as WTI is set to hit its second-longest losing streak in more than 30 years, falling more than 3.8 per cent over the week.Read more: US benchmark WTI crude tumbles to six-year low at $41.92WTI crude has plummeted more than 31 per cent over the past eight weeks, second only to a 10-week losing streak between December 1985 and March 1986, which resulted in the US benchmark dropping 54.33 per cent to $12.28 a barrel.Over the last year the price of WTI crude has fallen 56.4 per cent. Oil prices are expected to stay low for a long period, figures by the US International Energy Agency suggested: earlier this month it forecast that the oil supply glut will last until the end of 2016.Just over a week ago WTI crude crashed through its $42 floor to trade at a six year low.Read more: Oil prices set for long-term slump as WTI price forecast lowered through 2016Oil has been under increasing pressure in recent weeks amid worries of a global supply glut and a slowdown in the Chinese economy.Brent crude was also trading 0.94 per cent down at $46.18 a barrel, after having fallen 3.64 per cent on Wednesday and 6.1 per cent over the week.  WTI crude oil price is tumbling towards $40 a barrel as it sets up for second longest losing streak in over 30 years whatsappcenter_img Share Tags: Oil prices Show Comments ▼ Friday 21 August 2015 4:27 pmlast_img read more

Distinguished Advisor Workshops to kick off in Winnipeg

first_img New course eases fund reps’ access to alt funds CFA Institute launches ESG credential globally IIROC launches consultation on competency requirements for reps Share this article and your comments with peers on social media Related news Keywords Continuing education center_img Winnipeg-based Knowledge Bureau will kick of its latest cross-Canada Distinguished Advisor Workshops next week. The one-day Audit Defence Bootcamp is designed to help advisors excel as educators and advocates for high net worth clients, newcomers to Canada, and investors and taxpayers who need to understand tax compliance. Facebook LinkedIn Twitter IE Staff Evelyn Jacks, Knowledge Bureau president, will be joined by John Poysner, partner with the Winnipeg law firm Tradition Law LLP Estates and Trusts, and tax services specialist Alan Rowell. Jacks will help tax and wealth advisors prepare their clients for recent federal and provincial budget changes and global wealth management trends that will affect planning in 2014-2015. Poyser will review recent jurisprudence in tax litigation, changes in trust law and working with dissention in the family. Rowell will help you prepare your clients for tax audit season by knowing what will be audited, what can be defended and how to position your advocacy for your client’s best after-tax-position. The workshops will be held in the following cities: Winnipeg, May 21; Calgary, May 22; Vancouver, May 23; Toronto, May 26 and Halifax, June 3. For full agenda and workshop details, visit www.knowledgebureau.com/DAW.last_img read more

Sector Watch: Dodging potholes on the home front

first_img Canada’s stock markets enjoyed a rewarding year in 2019 and the S&P/TSX composite index reached new highs. But Canadian stocks didn’t quite keep up with their bigger and more powerful U.S. counterparts.For the 11 months ended Nov. 30, 2019, the S&P/TSX composite index rose by 18.97%, while the S&P 500 composite index boasted a superior gain of 24.68% (in US$). The second-place position of Canada is consistent with the three-year period ended Nov. 30, which saw the S&P/TSX composite index reap an average annual compounded gain of 4.15% while the S&P 500 (US$) raced ahead with 10.73%.The Canadian stock market, heavily weighted in financials and resources stocks, is more cyclical and less diverse than its U.S. counterpart, which offers a wider choice of companies in such industries as health care, entertainment and technology.The Canadian energy sector has had an especially difficult time. Companies have been plagued by stagnant commodity prices, limited pipeline capacity and bottlenecks in transporting product to international markets.However, active mutual fund portfolio managers have been able to achieve robust returns by dodging the potholes, aided by the tailwind of loose monetary policy.Tyler Hewlett, director, portfolio manager and head of Canadian growth equities with Toronto-based BMO Global Asset Management Inc. (BMOGAM), says low interest rates have been the most influential trend affecting stocks since the global financial crisis of 2008.“Traditional interest rate-sensitive stocks such as REITs and utilities have benefited, but so have global growth companies,” says Hewlett, who co-manages BMO Canadian Stock Selection Fund with David Taylor, vice president and portfolio manager, fundamental Canadian equities, with BMOGAM.The BMO fund had a top- decile, three-year average annual gain of 9.3% as of Nov. 30.While Hewlett says the global economy is “late cycle” after more than 10 years of growth, he doesn’t foresee an imminent recession. “Recessions can arrive quickly, but what we’re seeing from an economic perspective is an environment that will continue to allow companies to enjoy growth,” Hewlett says. “It’s possible that this slow-growth environment could persist for some time without a recession or significant downturn.”Hewlett says his style is to run a concentrated portfolio of about 35 names, paying careful attention to bottom-up analysis and focusing on companies that will thrive even in a downturn.“We are mindful that [the economy is] late in the cycle,” Hewlett says. “It’s not a time to take excessive risks or invest in companies that need a strong economy to make their business plans work.”For example, Hewlett avoids cyclical firms and companies with extended balance sheets that must rely on external financing rather than internally generated cash flow to expand. He seeks companies with strong free cash flow and the ability to allocate it profitably.The dominant sector in the BMO fund, financial services, comprises almost one-third of assets under management (AUM). The fund’s top holding in this sector is Toronto-based Brookfield Asset Management Inc., an alternative asset-management firm focusing on real estate, renewable energy, infrastructure and private equity. Hewlett says Brookfield has better growth potential than the big Canadian banks. “Brookfield has one of the best management teams in Canada and is an amazing capital allocator,” Hewlett says.Hewlett continues to favour the banks due to their steady growth. His largest position in this group is Toronto-based Royal Bank of Canada.Most holdings in the BMO fund are Canada-based, although the fund currently has about 5% of AUM in U.S. stocks. U.S. holdings include Microsoft Corp. and Becton Dickinson and Co., a maker of medical devices.The BMO fund’s primary focus is on large-capitalization stocks, but the fund’s portfolio also holds a handful of small- and mid-cap names to add juice to returns.Hewlett and Taylor have backgrounds in managing small-cap portfolios. The pair also co-manages BMO Growth Opportunities Fund and BMO Canadian Small Cap Equity Fund, resulting in cross-pollination of ideas.“Because of our experience, we can add some small- and mid-cap companies that offer higher and longer growth than large-caps,” Hewlett says. “We may find stocks that are off the radar of other large-cap fund managers. Ideally, we like to hold [those stocks] long-term as they grow.”For example, the BMO fund has had a long-term holding in Parkland Fuel Corp., a Calgary-based independent fuel distributor and a leading convenience-store operator that has enjoyed healthy growth and strong share-price appreciation in recent years.“We look at risk on a company-by-company basis, not by asset class or sector,” Hewlett says. “The small-cap sector may be riskier overall, but special companies can provide greater return potential with less risk.”The BMO fund also has benefited from its long-term holding in Winnipeg-based Boyd Group Income Fund, one of the largest collision-repair centre operators in North America. Another smaller company is Waste Connections Inc., a waste-collection and -management company that’s been a successful acquirer and consolidator in a fragmented industry. It has headquarters in Texas and Ontario.Recent purchases for the BMO fund include Calgary-based Parex Resources Inc., an oil and gas firm that operates in Colombia and doesn’t face the pricing disadvantages and transportation bottlenecks currently plaguing many Canadian firms. Another is Morneau Shepell Inc., a Toronto-based human resources consulting firm and provider of employee assistance programs and group benefits that commands a leading position in a growth industry.ANDREW MARCHESE, president and chief investment officer with Toronto-based Fidelity (Canada) Asset Management ULC and lead manager of Fidelity Disciplined Canadian Equity Fund, adheres to his proven method of sticking fairly close to the S&P/TSX composite index in terms of sector diversification, but adding value through superior stock picking.The Fidelity fund’s sector exposure matches the index’s 11 main industry sectors, plus or minus 300 basis points.“Rather than style bias, sector shifts or market-cap tilt,” Marchese says, “we concentrate on stock selection.”This well-diversified approach has allowed the Fidelity fund to ride through various bull and bear markets and economic cycles with less volatility than its competitors. While sectors move in and out of favour as conditions shift, Marchese says, his strategy is to always have a balanced mix of businesses. “During any 12-month period, there is always a best and worst sector,” he says. “But, ultimately, there is a reversion to the mean. We don’t try to call the turn. Our approach is consistent and allows us to ride through all phases of the market cycle.”Marchese has honed his approach during 21 years working on the Fidelity fund. He became lead manager in 2009, having joined the team as an equities analyst in 1998.The Fidelity fund has beaten the average returns of the Canadian focused equity category and the benchmark index in both short and long periods. It posted a 15-year average annual compound return for the F series as of Nov. 30 of 8.52%, placing the fund in the top 2% of its category. Its three-year average annual gain as of Nov. 30 was 7.9%.Marchese is prepared to hold smaller companies that aren’t part of the index and a small amount of foreign content, typically less than 10% of AUM combined.“The focus is on bottom-up fundamentals, and we look for the best risk/reward opportunities,” Marchese says. “We’re prepared to look ‘down-cap’ to find new ideas and potentially hold stocks for many years.”An important component of building a high-quality portfolio is to put extra weighting in the best ideas, and Marchese will go close to the legal limit of 10% of fund assets in any one stock. For example, among the Fidelity fund’s top holdings is more than 7% of AUM in each of Royal Bank of Canada and Toronto-Dominion Bank. (No holdings of other banks are among the top 10 holdings in the fund.) Also in the financial sector, the fund has a large position in Brookfield Asset Management.Marchese likes to buy when stocks are undervalued to provide a “margin of safety.”“We look to buy securities when the market does not fully appreciate them,” he says. “Or they may have balance sheet value that is greater than the stock price would suggest.”The Fidelity fund’s holdings in the Canadian energy sector, one of the poorest performers this year, include Suncor Energy Inc. and TC Energy Corp. (both based in Calgary) rather than exploration and production companies, which rely on strong global growth.“As economic growth has slowed,” Marchese says, “investors are gravitating toward energy companies with stable businesses, such as pipelines and midstream operations.» Jade Hemeon Fund managers adapt to retail challenge Related news Sector Watch: A positive outlook amid choppy waters Facebook LinkedIn Twitter Share this article and your comments with peers on social media Recovering economy could be a boon to balanced funds Potholes on a highway KOZMOAT98/ISTOCKPHOTO Keywords Fund managers,  Fund performance,  Mutual funds last_img read more

Preparations in High Gear for CTO Forum

first_imgRelatedPreparations in High Gear for CTO Forum Advertisements Preparations in High Gear for CTO Forum UncategorizedSeptember 6, 2007 RelatedPreparations in High Gear for CTO Forumcenter_img FacebookTwitterWhatsAppEmail Preparations are in high gear for the high level Commonwealth Telecommunications Organisation (CTO) Forum and 47th Meeting of the CTO Council, which is slated to take place in the island later this month.Up to 300 delegates and technology ministers from Commonwealth countries are expected to converge at the Ritz Carlton Hotel in Montego Bay, from September 24 to 27 for the conference, which will be held under the theme: “Harnessing the potential of Next Generational Networking (NGN) to facilitate ICT convergence”.“The forum is also expected to get the perspective of telecom regulators from around the globe including Africa, Asia, the Caribbean and South America,” said Director of Consumer and Public Affairs at the Office of Utilities Regulation (OUR), David Geddes.He told JIS News that one of the highlights of the forum will be presentations by representatives from telecom giants, Nokia Corporation, British Telecom, Telecom South Africa and Fujitsu on the final day.Deputy Secretary General of the Commonwealth, Ransford Smith; British Member of Parliament, Lord David Currie, who also chairs the Office of Communications (OFCOM), the telecommunications regulatory agency in England; and former Minister of Industry, Technology, Energy and Commerce, Phillip Paulwell, are among the list of high profile speakers on the programme. Chief Executive Officer of the CTO, Dr. Ekwow Stio-Garbrah will also be in attendance.“This is an extremely high level forum you’re talking about, bringing together ministers, leading figures in the private sector (and) in the regulatory environment ..you’re getting all of them together at one function, where you can hear the ideas that they have, you can put questions to them; to a large extent you can have dialogue with them. So we’re going to have a lot of exchange of ideas and information coming out of this,” Mr. Geddes said.Director General of OUR and current chairman of the CTO, J. Paul Morgan, commenting on the theme of the conference, said that the “convergence and the development of NGNs mark probably the single biggest change in the national telecommunications sector since liberalization, and brings with it the potential to significantly impact the development of even the smallest country”.In the meantime, Mr. Geddes said that Jamaica stands to benefit tremendously not only from the exchange of information, but also the boost to tourism that will accrue from the staging of the event.He noted that “lots of bookings” have already started coming in. Bookings are being handled by the CTO’s London office as well as the Ritz Carlton, where most of the visitors will be accommodated, while others will be staying at nearby hotels.“Some of these persons may be first time visitors to Jamaica, and will bring spouses along with them. We expect that their experience will be such that they will return to their homeland and spread the good news about how warm and welcoming it was in Jamaica for them,” he said.He also informed that “a tremendous amount of work has been done” by a committee comprising OUR and Ministry of Industry, Technology, Energy and Commerce (MITEC) representatives in getting security and entertainment arrangements in place for the event.“There is a lot of different areas that have to be looked at. for instance. we have had to establish a security liaison committee because it is a lot of high level delegates coming and you want to make sure that every precaution is taken. On the other side of it, we have to create plans to entertain these high level delegates and ministers, so there will be a Jamaica night for them, where they’ll actually get to taste authentic Jamaican food and authentic Jamaican music.Jamaica is really very honoured to be asked to host this prestigious event,” he stated.According to Wikipedia, NGN is a broad term to describe some key architectural evolutions in telecommunication core and access networks that will be deployed over the next five to10 years. The general idea behind NGN is that one network transports all information and services (voice, data, and all sorts of media such as video) by encapsulating these into packets, like it is on the Internet.One benefit of the next generational switch is the rich service creation environment it creates, allowing carriers to develop, deploy, and most importantly, pay only for the services that their customers require.CTO celebrated its 100 anniversary this year. RelatedPreparations in High Gear for CTO Forumlast_img read more

This bubbly electric Canoo pickup is like the opposite of a Cybertruck

first_imgRELATED PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Subscribe to Plugged In on Apple Podcasts, Spotify, Stitcher, and Google Podcasts. Trending Videos COMMENTSSHARE YOUR THOUGHTS RELATED TAGSPickup TruckFlexElectric CarsElectric VehiclesNew VehiclesPickup trucksCanooConceptElectricEVFlexInstagramPickup TruckPickup Truckswestfalia Canoo has officially launched an initial public offering, despite the fact that it hasn’t sold – or even debuted – a single production vehicle. Hopefully that changes following the introduction of this bubbly concept. Canoo plans on accepting pre-orders beginning this spring, with deliveries expected in 2023.LISTEN: How EVs have saved Canada’s automotive manufacturing sector. SHARE STORY The Rolls-Royce Boat Tail may be the most expensive new car evercenter_img See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. VW definitely building its new electric Microbus, but not its Tanoak truckThe bed also sports some unique features, such as a pull-out that extends it to eight feet; and a tailgate that can be swung out like barn doors to create even more space. Also in the bed are multiple tool storage bins and charging ports, and there will even be a camper topper available. Canoo hopes the vehicle will challenge Tesla’s Cybertruck, just like every other electric truck brand hopes to. However, Canoo has a few aces up its sleeve that make it stand out — namely, its size. The vehicle stands at 184 inches long, 78 inches wide, and 82 inches tall, which gives it about the same footprint as an old Volkswagen Type 3 “Westfalia.” Rivian’s electric trucks may be cheaper than we thought The vehicle will be available in either rear-only or dual-motor configurations. Range will be over 200 miles (320 km), and dual-motor versions will have up to 600 horsepower and 550 lb-ft of torque. Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.22023 Canoo Pickup TruckCanoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo Created with Raphaël 2.1.2Created with Raphaël 2.1.2Canoo LA-based electric car startup Canoo is getting close to unveiling its first vehicle, a pickup truck with some rather unique features.The little truck has yet to be named, though it’s officially been designated a “lifestyle vehicle” on Canoo’s website. Based on the concept, we’re inclined to call it the “Portage.” last_img read more