Universities and businesses must work together to engineer the recruits of the future

first_imgTuesday 25 September 2018 10:04 am Nick Russell whatsapp Tags: Higher education My view is that universities must be braver in their approach, but businesses need to offer them more support and constructive feedback to ensure this. It’s about getting your company into university career fairs, into subject departments, and the wider student media – selling yourself directly to a non-traditional audience.Ultimately, UK industries needs to shout louder in the education system as a whole, or we risk a future skills deficit of insurmountable proportion.It takes dedication and discipline to cut through misconceptions. Once you do, you will find a recruitment pool full of great employment potential.Read more: New PwC recruits to set own hours under flexible working scheme More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com   From investment bankers to artisan bakers, employers are constantly on the lookout for bright young employees who are going to help their organisation thrive. Given the present uncertainty, it is more important than ever that British businesses have access to a robust recruitment pool. The media rhetoric of a growing skills gap suggests that we are seeing an ever-increasing gulf between the requirements of businesses and the abilities (and ambitions) of entry-level candidates.I am sure that we all hope for a situation where the graduate pool overflows with well-trained, motivated young adults, who are hungry and passionate to enter the professional world.Read more: Winning HS2 bidder has to develop generation of UK engineering skillsUnfortunately, I don’t think this is currently the case.Where does the blame for this lie? Within the education system, with businesses, or with the students themselves? The answer is, sadly, all of the above. At a higher level, there is an overdependence on graduates with a narrow set of criteria, limiting the amount of employable candidates. Essentially, you are creating highly-defined round holes with not enough appropriately-shaped pegs to fill them.Universities don’t help with this. Fundamentally, they are a process of educating students to get degrees. Using engineering as an example, experience tells them that students with good A-Level results in maths and physics will statistically be the most desirable.What happens is that universities only attract kids from a pool of about 30,000, and deny themselves access to the 650,000 or so A-Level students who might also make great engineers.Perceptions need to change.What makes the ideal employee? Is it what’s written on paper, or is it something harder to measure, such as personality and creativity? We need to present these questions to the arbiters of higher education to encourage more variety in the recruitment pool. Universities and businesses must work together to engineer the recruits of the future But fear not, because there are ways in which companies can improve their access to talent.From personal experience, I have found that society does not fully understand the function and role of many economically-important professions. Take my own sector, engineering. When speaking to children and parents alike, I’m dismayed to find that they think we mend photocopiers and washing machines, and that buildings are solely constructed by builders. It’s an inaccurate viewpoint that falsely presents the profession as a blue-collar career prospect.Consequently, I find that many parents steer their children away from engineering, as they see the career path as one with a dead end.If schools are not equipped with the knowledge or ability to communicate the many benefits of such a career, then it’s little surprise that parents will be uninformed. We need to ensure a constant dialogue with our educators in order to foster a better understanding of our professions.This can be achieved in simple ways. For example, by engaging with local schools and speaking to teachers and pupils, the former will be better equipped to communicate the benefits of a chosen profession, and inspire the latter to consider it as a career path. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndo Share whatsapplast_img read more

UK university funding “unsustainable”: Students more indebted as government writes off loans

first_img Show Comments ▼ UK university funding “unsustainable”: Students more indebted as government writes off loans Share whatsapp Jessica Morris Tuesday 18 November 2014 6:22 am Tags: Higher education whatsapp The oulook for the UK’s higher education sector is dogged by financial uncertainty, according to new research.A nine-month inquiry by think tank the Higher Education Commission found the coalition’s reforms have put the sector on long-term footing that’s “far from clear”.  The post-2012 reforms increased how much students pay for a university education to an average cost of £44,035, according to the Institute of Fiscal Studies. Before the reforms were introduced, most students left university with a total debt of £24,754.The government is funding higher education by writing off student debt rather than investing in teach grants, according to the report. While the government continues to invest in higher education they’re not getting any credit for it.Yet as graduates become increasingly indebted many will struggle to repay their loans in full. The Institute for Fiscal Studies estimates that the future figure will be around 73 per cent, compared to just 25 per cent under the old system.Inquiry co-chair Dr Ruth Thompson said:We have at present a funding system that represents the worst of both worlds, where all parties feel that they are getting a bad deal.  While our higher education system has the strength and resilience to withstand considerable turbulence and volatility, the Commission found that present levels of uncertainty and risk mean that the future financial sustainability of the current funding model is far from guaranteed. We have not identified a crock of gold or magic bullet solution. What we have done is identify a number of recommendations for action, and lay out six potential options for further consideration. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo last_img read more

Confidence reaches 13-year high in Germany but dips in France

first_img Share Wednesday 27 May 2015 8:20 pm 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 WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express Confidence reaches 13-year high in Germany but dips in France whatsapp Tags: NULLcenter_img CONFIDENCE among German shoppers has edged up to its highest level since 2001, but has stalled in France, according to figures published yesterday.The German consumer confidence index, produced by market research firm GfK, climbed marginally to a score of 10.2 for June from 10.1 in May. “Very strong domestic demand in Germany and the low rate of inflation are fuelling economic expectations and consumers’ willingness to spend,” GfK said in a statement. Meanwhile, the consumer confidence index from French statistical office Insee dropped one point to a score of 93, further below its long-term average of 100. “The recent rise in oil prices is probably the culprit for the slight retracement in sentiment,” said economist Claus Vistesen from Pantheon Macroeconomics.“Inflation expectations rose modestly to the highest since November last year, a clear sign that consumers are factoring in the rebound in oil prices into their price outlook.” Show Comments ▼ whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Express KCS last_img read more

California just passed a law to rein in drug prices. Here’s why it’s unlikely to make much difference

first_imgThe Pharmalot View STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. [email protected] What is it? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Log In | Learn More Over bitter protests from the pharmaceutical industry, California this month enacted a law that requires drug makers to explain and justify prices for some medicines.Predictably, those who backed the effort are hailing the move as a significant victory, because they hope this will become the first step toward reining in drug prices. @Pharmalot California Gov. Jerry Brown signed the bill into law this month. Rich Pedroncelli/APcenter_img California just passed a law to rein in drug prices. Here’s why it’s unlikely to make much difference Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED About the Author Reprints GET STARTED What’s included? By Ed Silverman Oct. 24, 2017 Reprints Ed Silverman Tags drug pricinglegalpharmaceuticalspolicystateslast_img read more

Scientist concedes his controversial MS therapy, once a source of great hope, is ‘largely ineffective’

first_imgMany of those same neurologists, though, saw their relationships with their patients fractured as belief in the liberation therapy took hold in the community of patients and their families in Canada, parts of the United States, and farther afield. Doctors advising caution against a procedure that hadn’t been proved to work or even to be safe were derided as standing in the way of innovation to protect their own practices.Dr. Jock Murray, an MS expert and retired professor from Dalhousie University in Halifax, Nova Scotia, said the history of MS is laden with incidences like the Zamboni episode — though he said this one lasted longer than most.advertisement By Helen Branswell Nov. 28, 2017 Reprints Italian physician Paolo Zamboni has publicly concluded that a therapy he developed and dubbed “the liberation treatment” does not cure or mitigate the symptoms of MS. Nathan Denette/The Canadian Press/AP What many hope will be the final chapter in an unfortunate saga in multiple sclerosis research appears to have been written by the scientist who started the affair in the first place.Italian physician Paolo Zamboni has publicly acknowledged that a therapy he developed and dubbed “the liberation treatment” does not cure or mitigate the symptoms of MS. A randomized controlled trial — the gold standard of medical research — he and other Italian researchers conducted concluded the procedure is a “largely ineffective technique” that should not be recommended for MS patients.The trial’s result comes as no surprise to neurologists, most of whom felt Zamboni’s theory lacked plausibility from the moment news of it exploded through the MS community in 2009.advertisement Senior Writer, Infectious Disease Helen covers issues broadly related to infectious diseases, including outbreaks, preparedness, research, and vaccine development. “We hope these findings, coming from a carefully controlled, ‘gold standard’ study, will persuade people with MS not to pursue liberation therapy, an invasive procedure that carries the risk of complications, as well as significant financial cost,” Traboulsee said at the time of presentation.And now, Zamboni’s paper showing the same has been published in JAMA Neurology.The liberation treatment is one in a long list of therapies that have been embraced by the MS community but were ultimately found to be ineffective, said Murray. Hyperbaric oxygen chambers, snake venom, anti-coagulants, histamine desensitization therapy — all have had their turn.The particular nature of MS — for a lot of patients, symptoms worsen, then ease before worsening again — makes it easy to appear as if a treatment has had a benefit, Murray noted.He worried about the impact these episodes have on the MS community. “To have one after another fail, of this kind of thing, is very disheartening. And then they don’t know who to believe.” Please enter a valid email address. Bold claim of multiple sclerosis gene discovery comes under withering attack Zamboni, who works at University of Ferrara Hospital, did not respond to STAT’s email inquiry about the trial.The vascular surgeon was moved to look for the cause of MS because his wife suffers from the disease. In 2009, Zamboni published a paper suggesting the neurological damage the condition causes was triggered by pooling of blood in the brain that was the result of inadequate drainage.He called the condition — which he said was common among MS patients — “chronic cerebrospinal venous insufficiency,” or CCSVI.Zamboni further suggested inserting stents — which are designed to hold open arteries — into veins in the neck would increase blood drainage and improve symptoms.His 2009 study appeared to show it worked, though skeptics were quick to note major flaws. There were no controls — a group that didn’t get the treatment to use as comparators — and both the patients and the doctors knew everyone was treated. A study of this kind is open to the placebo effect and to researcher bias — both of which can result in individuals seeing something they hoped to see.Zamboni’s recently published study is the type his critics would have liked him to have done the first time — a double-blind randomized controlled trial in which neither patients nor the researchers assessing whether there were improvements post-treatment knew which patients got the actual procedure and which received a sham therapy.The Italian researcher’s 2009 claim received some prominent and unchallenging coverage from a couple of major Canadian media outlets, and the clamoring for the procedure began.“These patients looked like they were miraculous. And that got played over and over and over. Within 72 hours, everybody in Canada — all the patients and their families — knew about this new procedure,” said Murray. “So there was a great demand then for everyone to seek it out.” Related: Leave this field empty if you’re human: Patients weren’t willing to wait for science to conclude if Zamboni was correct or if his treatment was safe. Clinics sprang up in a number of countries — Poland, Costa Rica, and India among them — offering the controversial procedure. Many came home rapturously claiming benefit, only to see what others suggested was a placebo effect wane over time. A few people who underwent the procedure died.Patients pressured the MS societies in the U.S. and Canada to advocate for access to the treatment, and in Canada, there were strident calls for the national health care system to pay for the procedure.Meanwhile, the scientific community scrambled to try to test Zamboni’s theory and the procedure. Study after study concluded his idea was wrong. In fact, a key study in 2014 concluded that the neck veins of MS patients were no different from those of people who don’t have the condition. But disproving a theory takes time. And hope dies reluctantly.Millions of dollars were spent trying to see if Zamboni was correct. Untold research hours were diverted from other lines of MS inquiry. Previously collaborative relationships between doctors and patients, as well as patients and the foundations set up to advocate for their needs, were damaged, Murray said. “It caused a lot of trouble.”Earlier this year, Canadian researchers reported on a large, randomized double-blinded study — the kind designed to protect against researcher bias and the placebo effect — they had conducted on the liberation treatment. The results, presented to the Society of Interventional Radiology’s annual scientific meeting in March, showed the technique didn’t work. The study is currently under review at a top-tier medical journal, lead author Dr. Anthony Traboulsee, an associate professor of neurology at the University of British Columbia, said Tuesday. HealthScientist concedes his controversial MS therapy, once a source of great hope, is ‘largely ineffective’ @HelenBranswell Related: Helen Branswell Privacy Policy “Belief always trumps evidence,” Murray told STAT in an interview Monday. Gut germs play role in multiple sclerosis, studies show. Are probiotics for MS next? About the Author Reprints Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Tags neurologyresearchlast_img read more

Car crashes into Bonita Springs home

first_imgBONITA SPRINGS, Fla. – A car crashed into a Bonita Springs home in Valencia on Thursday. Bonita Springs firefighters said they were able to extricate patients inside the car. Crews are assessing the home for damages. No other information was immediately available. Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments RELATEDTOPICS Bear hit and killed on I-75 near Bonita Beach Road May 24, 2021 Advertisement Fire sparks inside Bonita Springs mobile home May 26, 2021center_img Advertisement AdvertisementTags: Bonita Springs Red Tide and blue-green algae continue to impact the Southwest Florida waters May 26, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Fire crews use former Bonita Springs greyhound race track for training June 8, 2021last_img read more

Golden Gate Estates neighbors petition against proposed church

first_imgGolden Gate Estates residents fed up with mailbox vandals June 8, 2021 Advertisement AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Family loses everything in Golden Gate Estates house fire June 8, 2021 Tuesday, petition supporters are meeting at the Mobil gas station off Randall Boulevard to collect signatures from 4:30 to 6:30 p.m.NBC2 reached out to the church for an interview but did not hear back.Previous coverage here. Vandal leaves behind shattered glass, graffiti at Cape Coral church June 15, 2021 Fire engulfs Golden Gate Estates home June 7, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementTags: churchDevelopmentGolden Gate Estates GOLDEN GATE ESTATES, Fla. – Some residents in Golden Gate Estates are petitioning against a proposed church on 22nd Avenue NE and 8th Street NE. Iglesia Pentecostes Peniel Church is hoping to move from a small lot in the middle of Naples Park on 107th avenue North to over five acres of land of Randall Blvd.Neighbor Alien Garcia said, “This is a non-profit company. They don’t have a lot of budget. They’re just trying to make do.”A few years ago, the church purchased two vacant lots on the corner to combine into the 5.15-acre lot that will hold their new main chapel. Garcia said he heard about the project when the church’s pastor knocked on his front door. He said, “they provided a blueprint of where they were going to construct and it looked like.” AdvertisementTheir newest renderings feature a 30 ft tall chapel that holds 250 seats. Outside there will be 108 parking spaces, a preserve, and 15 foot wide landscaping hedges, which will be used as a buffer between neighbors. Despite that, several neighbors are against the project. Annette Kniola said, “it’s just…absurd. I don’t know how else to describe it.” Kniola said her problem has nothing to do with religion. Instead, she fears it’ll set a new precedent for her community. She said, “they have music, dancing, and whatnot. I don’t know the extent to which once they get a permit, they can go ahead and request for daycare. They can request for banquets…:”Now she and Heidi Severyn are joining together to create a petition against the project. Severyn said, “We just want to be able to keep it residential.” RELATEDTOPICS Advertisementlast_img read more

Paper Claims Iran-NK Joint Nuclear Research

first_img News AvatarPark Seong Guk News Japanese daily Sankei Shimbun today reported that Iran and North Korea are jointly operating a secret nuclear research institute in the Arab state. The newspaper, citing sources familiar with the situation in the Middle East, stated that the two are also using the latest software to simulate nuclear weapons tests. It states, “Iran’s nuclear research institute is operational in three secret places including underground beneath a Revolutionary Guards base,” and adds, “This shows us the seriousness of North Korea’s nuclear proliferation.”According to the newspaper, ten North Korean nuclear weapon scientists are at the institute this year to guide and advise Iranian physicists. The newspaper further claims that the institute has received from North Korea nuclear development software called ‘MCNPX2.6.0’ to analyze the interaction of particles, exposure levels and such like, techniques critical for the construction of nuclear reactors and nuclear warheads. Meanwhile, Iran continues to deny developing nuclear weapons, and states that no military cooperation exists with North Korea. The IAEA believes the opposite, while there are also fears that Israel is moving towards a harder line that could include a willingness to launch a preemptive strike on Iranian nuclear facilities, similar to another such attack on a nuclear reactor under construction southeast of Baghdad, Iraq on June 7th, 1981. News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHARE Facebook Twittercenter_img By Park Seong Guk – 2011.11.10 3:49pm News RELATED ARTICLESMORE FROM AUTHOR Paper Claims Iran-NK Joint Nuclear Research There are signs that North Korea is running into serious difficulties with its corn harvest North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

BMO Nesbitt Burns closes funds, citing proposed tax changes

first_imgBusinessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing yozayo/123RF Related news “As a result of the proposed changes to the [Income] Tax Act, the manager believes that it is no longer commercially feasible to continue the funds,” a press release said.The changes would amend the Income Tax Act to prevent certain character conversion transactions. Through the use of derivative contracts, some investment funds attempt to reduce taxes by converting the returns of an investment that would otherwise be treated as ordinary income into tax-preferred capital gains.The day after the March 19 budget was released, BMO Nesbitt Burns suspended the distribution of a number of funds: the four Tactic funds that are now closing, as well as the BMO Advantaged Canadian Q-Model Fund and the BMO Advantaged U.S. Q-Model Fund. It said it would stop accepting new purchase orders until it had assessed the budget proposals.“If the proposed amendments were enacted as proposed, certain derivative agreements that the funds have entered into will likely be treated as ‘derivative forward agreements’ for tax purposes, which would increase the income of the funds and may result in non-refundable tax payable by the TACTIC Funds or an increase in the amount of taxable distributions to be made to unitholders of the Q-Model Funds,” a March 20 release said.The budget said the measure would apply to transactions entered into on or after budget day. After Dec. 31, 2019, it would also apply to transactions that were entered into before budget day, including those that extended or renewed the terms of the agreement.The changes to the derivative transactions were not included in the Liberals’ budget implementation bill, C-97, which passed before Parliament rose for the summer last week. MPs aren’t expected to return to Ottawa until after the federal election on Oct. 21, which means legislative changes to the act wouldn’t be introduced before then.The following funds will be terminated on Sept. 27:BMO Advantaged Equal Weight Banks TACTIC FundBMO Advantaged Equal Weight Oil & Gas TACTIC FundBMO Advantaged Laddered Preferred Share TACTIC FundBMO Advantaged S&P/TSX Capped Composite TACTIC FundOn Thursday, BMO also said the BMO FinTech Sector TACTIC Fund would close on Sept. 27. That closure was not linked to the government’s proposed changes. Mark Burgess Purpose looks to fill retirement income gap with longevity fund IG Wealth amends product shelf Share this article and your comments with peers on social media Franklin Templeton launches new real asset fund Keywords Mutual fundsCompanies BMO Nesbitt Burns Inc. Toronto-based BMO Nesbitt Burns Inc. is closing several mutual funds in anticipation of changes to the Income Tax Act proposed in the 2019 federal budget.The firm said Thursday that it would terminate four funds on Sept. 27, citing the impact of proposed changes to derivative contract rules in the Liberal government’s March budget. Facebook LinkedIn Twitterlast_img read more

Inner City Communities to Benefit From Services of Dispute Resolution Foundation

first_imgRelatedInner City Communities to Benefit From Services of Dispute Resolution Foundation RelatedInner City Communities to Benefit From Services of Dispute Resolution Foundation FacebookTwitterWhatsAppEmail The Jamaica Social Investment Fund (JSIF) and the Dispute Resolution Foundation yesterday (October 27), signed a $12.9 million contract, for the Foundation to provide mediation, conflict resolution and conflict management services in 12 inner city communities across the island.These communities have been identified as being in need of social and physical infrastructure intervention.The mediation and conflict management intervention is the first undertaking of the Inner City Basic Services Project (ICBSP), which is being implemented by JSIF, through a US$32.3 million loan from the International Bank for Reconstruction and Development (World Bank), to improve the quality of life in the selected inner city communities.Communities slated to participate in the ICBSP include Whitfield Town, Federal Gardens, Jones Town and Pasmore Gardens in the Corporate Area; Central Village, Africa, Dempshire Pen/Jones Pen, Lauriston and Tawes Pen in St. Catherine; Bucknor/Rectory Land in Clarendon; and Flankers in St. James. The project, which is slated to last for five years, will involve the implementation of basic infrastructure services, such as improvement of the communities’ road network, water supply and sewage systems. The project will also deal with crime and violence prevention, tenure regularisation and access to micro-financing.Speaking at the signing ceremony, held at the JSIF’s head office in New Kingston, Managing Director of JSIF, Scarlette Gillings, said the Fund was pleased to be associated with the project, noting that, “it is very significant that we are starting with the all-important conflict resolution component.[as within violence-plagued communities], we need to find a way of settling our differences”.“That is the best we can do in terms of assisting our communities to be able to manage their conflicts better,” the Managing Director added.Meanwhile, Project Manager, Faith Graham, explained that the overall aim was to “improve basic services and the social fabric in the communities”.Informing that Community Liaison Officers have been placed to work in the communities by JSIF, she further pointed out that, “we are also emphasising what we are calling a public safety intervention, so that while the physical infrastructure is the more costly element in the project, this public safety intervention is probably the more critical aspect”. The public safety intervention, she said, would comprise mediation, conflict resolution, family support services, counselling for families, and life skills development.Additional provisions include alternative skills and livelihood development, which the Project Manager said would entail, “looking at training and placement and just teaching community members job related skills, because sometimes people are unemployed because they do not possess the skills that go with maintaining employment, so those are some of the areas that we are focusing on”.Miss Graham stressed that JSIF was committed to putting in every effort that is required to make the project a success.“We have already signed some partnership agreements with a number of agencies, including the Social Development Commission (SDC), the National Water Commission (NWC), the National Solid Waste Management Authority (NSWMA), Jamaica Public Service, and the Rural Electrification Programme, which will be working with us to do some electricity regularisation in the communities. The Parish Councils have also signed agreements with us for managing the project during its implementation, and then also taking over management of the community facilities and the service delivery, once the project is completed,” she added.In her address, Chief Executive Officer of the Foundation, Donna Parchment welcomed the opportunity to work in the inner city communities, noting that she was optimistic that at the conclusion of the project, she anticipated leaving stronger communities more confident in their abilities to resolve their conflicts and live together in a peaceful way. “There are a range of issues confronting the communities in which we are going to work and we are prepared to deliver these services, subject to the communities approval and participation, and guidance,” she said.“We believe these communities are peopled by wonderful Jamaican citizens who deserve to be engaged as fully as anyone else in that wonderful experience of being a Jamaican, who is included in everything, and it is our pledge, as we do this work, to honour the idea that everyone has a right to be at the table and contribute and benefit from this project,” Miss Parchment added.She outlined that the communities involved in the project would be called on to identify persons to participate in certain activities; shape the final deliverables; map the community resources; participate in consultations; engage in the training programmes, and help to shape and sign agreements at the end of this process. In addition to the Dispute Resolution Foundation, Peace and Love in Society (PALS), the Peace Management Initiative (PMI), the Sistren Theatre Collective and Building and Enriching Minds Through Empowerment (BEME), will also be lending help in the conflict resolution and management component of the project. “I hope it will be a great adventure for all of us to work together, learning about one another, putting our skills together in a strategic way and working with the communities and the resources that reside there,” Miss Parchment said.Attending the signing ceremony were Members of Parliament for St. Catherine South Central, and St. Catherine Central, Sharon Hay Webster and Olivia ‘Babsy’ Grange, respectively.The two women endorsed the Project and expressed the hope that it would help to foster a spirit of unity within the communities. RelatedInner City Communities to Benefit From Services of Dispute Resolution Foundationcenter_img Advertisements Inner City Communities to Benefit From Services of Dispute Resolution Foundation UncategorizedOctober 28, 2006last_img read more