Zopa to launch digital banking service, becoming latest group to take the fight to traditional high street banks

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyBeach RaiderColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumBeach Raider Peer-to-peer lender Zopa is to follow through on continued hints that it would launch a bank, this morning announcing that it had acquired a license to do so.The company said it will roll out a range of new banking products next year, including fixed term savings accounts, credit cards and a money management app, becoming the latest business to try to take on big banking, following the meteoric rise of groups like Monzo. whatsapp whatsapp Tuesday 4 December 2018 10:12 am Zopa, the world’s oldest peer-to-peer (P2P) lender, has dropped several hints in the past that it wanted to launch a bank, hiring former Barclays executive Peter Herbert to spearhead a new board structure aimed at branching out from its existing service in April and raking in £60m in a recent fundraising round.In an announcement this morning, the company said it had carried out research suggesting over half of British adults did not think their banks “operate with customers’ best interests at heart”.It said its service would do away with traditional consumer gripes at big banking, like sign-up offers that aren’t available to existing customers or hidden fees and charges.Currently, Zopa has a bank licence with rules which will apply throughout the ‘mobilisation’ phase of the launch, with Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) putting introductory restrictions in place. A full licence will be granted once Zopa meets the conditions set by the regulators in the mobilisation phase.Zopa chief executive Jaidev Janardana said: “Acquiring our banking licence is the starting point for Zopa to become a major force in retail banking. Alex Daniel More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comRussell 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.comBrave 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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: FCA Peer-to-peer lending Zopa to launch digital banking service, becoming latest group to take the fight to traditional high street banks “When we pioneered the peer-to-peer lending model globally in 2005, we did so by listening to customers and creating a better product for them.“We will bring the same focus to our banking products – drawing on tech innovation, our values of fairness and transparency, and better customer service to help even more people to feel-good about money.” last_img read more

‘Sobering and devastating’: Lloyd’s bosses speak out on misconduct claims

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comColin Kaepernick to publish book on abolishing the policethegrio.comConnecticut man dies after crashing Harley into live bearnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com TOPSHOT – The interior of Lloyd’s of London, the centuries-old insurance market, is pitctured in central London on April 27, 2016.Lloyd’s argued on March 23, 2016, that Britain’s continued EU membership would be the “better outcome” for the group in the looming June referendum. Lloyd’s, which made the comments in its annual report alongside news of tumbling 2015 profits, added that it was making contingency plans for a so-called Brexit. / AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images) Next week Lloyd’s is set to release an unprecedented survey into its own culture aimed at improving gender equality and tackling behavioural problems. whatsapp “It is positive tobe a reporting a profit after the loss at the end of last year,”said Carnegie-Brown. Carnegie-Brown vowedto improve the company’s culture by encouraging people to speak outand being clear “about the punishment and retribution when we findpeople behaving in an unacceptable way”. Sebastian McCarthy He added that theperception of insurers currently is “not good”. Read more: Lloyd’s of London ramps up modernisation drive whatsapp The chairman and chief executive of Lloyd’s both said this morning that revelations of sexual harassment and assault against women at the firm had been devastating. Chief executive JohnNeal said he was “devastated” by the findings, telling the BBC:“We thought there were signs that it was a reality”.center_img ‘Sobering and devastating’: Lloyd’s of London bosses speak out on sexual misconduct claims “The findings are likely to be sobering, but they provide a baseline from which we can measure progress going forward,” said Carnegie-Brown. Read more: Insurer Zurich expects to beat targets Top bosses atLloyd’s of London have expressed deep regret over a swathe ofsexual misconduct allegations that have blighted the historicinsurance market’s reputation. Share Pre-tax profits hit £2.3bn in the first six months of 2019,rising almost four fold from the previous year. Under scrutiny for its boozy culture, Lloyd’s also pledged in April to crack down on workers drinking during the day, saying its on-site bar would be turned into a coffee shop and anyone under the influence of drink or drugs would be barred from the building. Today’s comments come on the same day as Lloyd’s reported asharp rise in profits on the back of investment gains and cuts to itsunderperforming business. Chairman Bruce Carnegie-Brown told City A.M. that reports in Bloomberg on misconduct at the 330-year old specialist marketplace were “sobering”. Wednesday 18 September 2019 11:18 am “We felt we’d been improving the culture for a number of years so it was disappointing to find out we were not making as much progress as we thought.” The survey was open to the 45,000 employees who work at the insurance market in the City, which includes 800 direct staff at Lloyd’s as well as thousands of brokers who work for other insurance companies.last_img read more

A dark view of geopolitics in the Arctic

first_imgArctic | GovernmentA dark view of geopolitics in the ArcticJune 29, 2015 by Liz Ruskin, APRN-Washington Share:Irvin Studin. (Photo by Liz Ruskin/APRN)World leaders, including Russia’s Vladimir Putin, have talked of the Arctic as a zone of peace and co-operation. But continued tranquility is just one forecast for the region. A much darker scenario came Monday from a Canadian policy scholar who is also a professor at the University of Toronto and Russia’s Academy of National Economy and Public Administration.Irvin Studin says competing claims for Arctic resources are inevitable but those conflicts are unlikely to erupt any time soon. In a discussion at the Wilson Center, a Washington, D.C. think tank, Studin said he sees a much closer path to conflict in the Arctic, and it starts with Russia, in Europe.“Near term, and this is my primary message today: Escalation of fighting in Ukraine, or the collapse of Ukraine, or an accident or misread by the West, or the East, or between Russia and Ukraine, might have consequences through the Arctic as a thoroughfare,” he said.These “consequences” he speaks of are dire.“The Russians would bomb through the Arctic,” he said. “The rockets would go through the Arctic. I don’t think we’re talking infantry in the first instance. I think these are highly reachable targets for Russian interests.”Studin says Russians are well aware of the prospect while the U.S., in his view, is oblivious. He says the Ukraine problem can be solved, with neutral peacekeepers and a commitment that Ukraine must never join NATO. But, he warns, the solution has to come in the next six months.On the Arctic Council, international co-operation remains the operating principal, and Russia is still, by most accounts, working well with the U.S. Coast Guard. Studin says Moscow can strictly adhere to agreements, to what he calls “transactional” co-operation in the Arctic. The professor, though, says that’s just a veneer on Russia’s solid wall of strategic distrust.“So this can only last so long if the underlying game is incredible,” he said.Looking ahead, Studin says the government in Russia will change one day, and he cautions the U.S. to stay out of it.“It is in everybody’s interest that Russia remain stable and that there is a happy succession,” he said. “And let me repeat to my American friends: there is no necessary condition for this succession, in being happy, to be democratic and in our image, as it were. It just needs to be a stable, happy transition.”A troubled transition could create a power vacuum, he says, which would be bad for the Arctic and the rest of the world.“Any collapse of Russia, which is not unthinkable this century, is a hellish proposition,” he said. “It is a century long problem.”Retired diplomat Kenneth Yalowitz, another participant at the forum, doesn’t see the same conflict points that Studin does. But after hearing the analysis, Yalowitz sounded a bit tenuous in his optimism.“You’ve given a lot of reasons why this may not be the case, but my hope is that the very obvious and self-evident reasons for cooperation in the Arctic can have a spillover effect into other areas,” he said.In the back of the auditorium sat two top-ranking Arctic officials in the State Department: Admiral Robert Papp, the special Arctic representative, and Deputy Assistant Secretary David Balton. Papp called Studin’s perspective a “fascinating alternate view.”“To get someone who has an inside view of what the Russians are thinking is very helpful to us, and that’s why we attended today,” Papp said.Papp says for him, it reinforces the need for open communications with the Russians.Share this story:last_img read more

SkyMall: The Titan of In-flight Entertainment is no More

first_imgUncategorizedSkyMall: The Titan of In-flight Entertainment is no MoreThe SkyMall catalogue—a staple of in-flight entertainment—has declared bankruptcy. Farewell Garden Yeti, Wine Shoe Holder, and the Skyrest Travel PillowBy Theis Duelund – January 23, 2015821ShareEmailFacebookTwitterPinterestReddItThe only redeeming aspect of air travel is the fact that in your seat pocket you can access a world of loopy contraptions, goofy gadgets, and stuff that solves problems which don’t exist—who needs an iPad bean bag stand for instance? SkyMall, shopping magazine and the world’s premier catalogue of everything from bizarre decorative items (such as eyelashes for your car’s front lights) to the absurd (like an inflatable necktie that turns into a pillow or a spaceship themed kitty litter tray), announced earlier today that it is filing for bankruptcy. “We are extremely disappointed in this result and are hopeful that SkyMall and the iconic ‘SkyMall’ brand find a home to continue to operate,” Chief Executive Scott Wiley said in a statement made earlier today.The Arizona based company has connected air travellers with exotic, hilarious, and occasionally very useful household items (such as the golf club that also trims your yard) for the past 25 years. Between 2013 and 2014, revenue dropped from $33.7 million to $15.8 million. Due to a drastically changed retail environment and the fact that personal devices are permitted on flights, people simply aren’t picking up the catalogue from the seat pocket anymore. SkyMall suspended operation on January 16 and laid off close to half of its employees.We too are hopeful that SkyMall will return stronger than ever and reclaim its throne in the seat pocket in front of us on the plane. There’s nothing like perusing its pages to calm you down after having gone through security and the hassle of finding overhead space for your carry-on. On his show last summer, Jimmy Fallon (who apparently walks around with a cut out of this particular SkyMall item) and Ricky Gervais riffed on the magazine in a memorable interview that reminds us of a terrible side effect to losing SkyMall; the catalogue has been fodder for comedians for 25 years. With it we lose potentially millions of you’ll-never-guess-what-I-found-in-SkyMall jokes. Today, the world seems just a little bit grayer. TAGSJimmy FallonRicky GervaisSkyMallPrevious articleWhere to Eat Now: Power-Ranking New L.A. Restaurants, 1/23Next articleSlide Show: Rocky and Bullwinkle in Beverly HillsTheis Duelund RELATED ARTICLESMORE FROM AUTHORAll of the Best Moments from the 2017 Golden Globes5 People Who Could Take Ricky Gervais Down a Notch at Sunday’s Golden GlobesYour Official Los Angeles Magazine Golden Globes Drinking Gamelast_img read more

Greek debt crisis: European markets robust after referendum “no” vote

first_img Express KCS Greek debt crisis: European markets robust after referendum “no” vote Share whatsapp Tuesday 7 July 2015 9:45 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity 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 FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily Winnerszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Show Comments ▼ whatsapp Tags: Greek debt crisis  European markets were relatively sanguine yesterday in the wake of Sunday’s referendum result in Greece, which many viewed as increasing the chances of a crash out of the Eurozone.  Some feared that if Greece defaulted on its debt and left the euro it might have big impacts on other European economies. Read more: Has Greece been hurt by muted market reaction to referendum? The interest on the Spanish government’s 10 year debt climbed, but only marginally, to 2.375 per cent from 2.224 per cent. Small increases in borrowing costs were also seen in Portugal and Italy.  Stock markets were also resilient with the German Dax dropping, but only by 1.36 per cent, and the French Cac40 by 1.83 per cent.  “It hasn’t been as bad as people expected,” Marchel Alexandrovich, a senior vice president at investment bank Jefferies, told City A.M.. But that does not necessarily mean markets are not concerned about possible contagion from a Grexit.  Firebrand finance minister Yanis Varoufakis resigned yesterday morning, a move that was interpreted as a commitment to greater cooperation with the rest of the Eurozone. French President Francois Hollande said he would bend over backwards to keep Greece in the euro following the no vote. “Those headlines were quite reassuring for the markets,” Alexandrovich said. Owen Callan, an analyst at Cantor Fitzgerald, said: “With Varoufakis stepping down, it does give the sense that a deal could be done, or even is already being worked on.” While some analysts view the  prospect of a deal as being highly uncertain, the ability for the European Central Bank (ECB) to react and boost the economy is offering reassurance. “Our feeling is that somehow there will be a compromise that will allow Greece to stay in the euro,” said Jim Kochan, chief fixed income strategist at Wells Fargo Asset Management.  “Second, if there is some contagion, one would think the ECB would react aggressively.” Yet, not all government debt interest rates climbed. Germany’s 10 year borrowing costs dropped to 0.764 per cent from 0.771 per cent. It was due to an influx to “safe haven” German debt.  Interest rates on peripheral countries’ debt edge up after investors switch to safer German debt  MEET GREECE’S NEW FINANCE MINISTER, EUCLID TSAKALOTOS He is a close confidante of Prime Minister Alexis Tsipras. Like his predecessor, who was at University of Texas in Austin before being thrust onto the international stage, his background is largely in academia, and both have held roles at the University of Athens. Greece’s chief economics spokesman and deputy foreign minister has been described as the country’s “secret weapon” in negotiations with its lenders. Tsakalotos, who speaks with an English accent, studied politics, philosophy and economics at the universities of Oxford, and then Sussex, before completing his PhD in 1989 at Oxford. He taught at the University of Kent between October 1990 and June 1993, as well as the Athens University of Economics and Business between October 1994 and September 2010. Authored books include Crucible of Resistance: Greece, the Eurozone and the World Economic Crisis, and he has edited other volumes, as well as producing a smattering of academic papers.    last_img read more

July Budget 2015: Is it too early to get excited about the government’s “northern powerhouse” plans?

first_img July Budget 2015: Is it too early to get excited about the government’s “northern powerhouse” plans? Share whatsapp Tags: Expert Voices July Budget 2015 Northern powerhouse project Clara Guibourg Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily WinnersUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo In his Summer Budget announcement, chancellor George Osborne made no apologies for highlighting the point that the Conservatives have boldly done something that previous governments haven’t been able (or possibly willing) to do – addressing the huge gap between the North and South.Making several references to the government’s “northern powerhouse’ plans, the chancellor confirmed that an agreement has been reached with the 10 local authorities of Greater Manchester to devolve further powers to the area. On condition that an elected mayor is appointed, councils in Manchester will garner more power to make decisions on issues such as fire services and planning, and will also receive a new Land Commission. Osborne revealed that talks are going well to create a similar system in Sheffield, Liverpool and Leeds. For too long, the North has been overlooked and it’s high time that some emphasis was taken away from London. Of course, the chancellor was keen to stress that the northern powerhouse plans won’t hold London back as such, but they will aim to make the economy more balanced. And not before time.Read more: The devil will be in the detail of Osborne’s powerhouse plansThere’s always a degree of skepticism when a new government makes promises, but hopefully the early devolution of powers to the North is a sign that the Conservatives will deliver on its northern powerhouse pledge. It’s far too early to say for sure, but it’s not implausible to suggest that a strong North could eventually prompt more people and businesses to consider relocating.It would be naive to suggest that the rise of cities like Manchester, Leeds, Sheffield, Liverpool and Newcastle will have southerners flocking North in their droves. Regardless of where you stand on the issue, London will continue to be the UK’s economic heartbeat, and it will remain the default location of choice for corporations looking to set up a new headquarter. However, as the government’s plans to invest substantial sums into business clusters and rail networks that make the North more accessible take shape, it would be nice to think that more businesses will recognise the vast benefits of moving northwards.Read more: Here’s everything you need to know about Transport for the NorthLooking to the future, the controversial High Speed 2 rail line will eventually slash journey times between Manchester and London to little more than an hour, which means people and businesses will be able to benefit from the North’s cheaper property prices and living costs while still having quick access to the capital.It’s not always wise to speculate, but it’s likely that the government’s plans will cause the aforementioned cost imbalance between the North and South to narrow considerably in the future, which means those who had the foresight to make the switch from South to North early will ultimately profit.It’s too early to confidently forecast a Great Migration within the UK, but us northerners make no apologies for feeling optimistic about the government’s northern powerhouse plans. Show Comments ▼ Thursday 9 July 2015 9:14 am whatsapp last_img read more

Global reinsurance industry stable: Moody’s

M&A activity to increase in reinsurance sector: Fitch The global reinsurance industry boasts a stable outlook in recognition of its resilience in the face of a challenging operating environment, says Moody’s Investors Service in a new report. The rating agency says the industry faces a number of challenges, including continued low interest rates, weak demand amid sluggish economic conditions in North America and Europe, and, increased competition from alternative markets. Indeed, it estimates that $10 billion of new alternative capital has entered the industry over the past year; which has had a major impact on current reinsurance market dynamics and pressured pricing, it says. However, Moody’s says it believes that “the adverse effect of any headwinds should remain fairly contained as reinsurers navigate the currently challenging environment and adapt to the evolving marketplace for insurance risk transfer.” “Key strengths of the sector are its resilience and underwriting discipline. Despite immense insured catastrophe losses in 2011 and 2012, and a low interest rate environment that has slashed investment income, the reinsurance sector remained profitable and increased its equity capital,” said James Eck, vice president and senior credit officer at Moody’s. “While a continued inflow of alternative capital has the potential to alter the core business model of reinsurers, many firms in the sector have been preparing for this eventuality for years through their participation in sidecars and the insurance-linked securities market,” adds Eck. Moody’s says that it expects that reinsurers with large capital bases, a high degree of diversification, and an ability to leverage both traditional and third-party capital, will be best positioned. Fairfax to purchase 25% stake in Thai reinsurer Brookfield looks to grow reinsurance business Facebook LinkedIn Twitter Keywords ReinsuranceCompanies Moody’s Investors Service Share this article and your comments with peers on social media James Langton Related news read more

Jobs for Nature funding will leave a conservation legacy for Waikanae awa

first_imgJobs for Nature funding will leave a conservation legacy for Waikanae awa Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today.“The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through riparian fencing and planting; animal and plant pest control; sustainable land management – good land use and land management practice; and community engagement, education, and capacity building,” Kiritapu Allan said.There will also be integrated provision of engagement, involvement, training, and employment.“This ensures that iwi and other people can enter the programme at different levels; learn and understand what is required and what is possible, see if the mahi suits them; and build their involvement, skills, and employment options over time.”The new funding builds on the Waikanae ki Uta ki Tai (WKUKT) ‘mountains to sea’ project established in 2019 to restore the river catchment’s health. Both initiatives are a partnership of Waikanae mana whenua Ātiawa ki Whakarongotai (ĀKW), Kāpiti Coast District Council, Greater Wellington Regional Council (GWRC) and the Department of Conservation.A goal of WKUKT is to create a long-term vehicle and legacy for the restoration of the Waikanae awa over decades.“I am pleased that Jobs for Nature can support the aspirations of our Treaty partner Ātiawa ki Whakarongotai who are the mana whenua and kaitiaki of the Waikanae area,” Kiritapu Allan said.“This investment supports their aspirations as set out in their Kaitiakitanga Plan, which is designed to express the intergenerational values of their tupuna.”The new funding is to support work and employment in the Waikanae area. It includes commitments to support development of ĀKW, including on iwi-owned land.“Jobs for Nature projects not only provide opportunities for local communities, but benefit the environment and ultimately all of Aotearoa New Zealand,” Kiritapu Allan said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, community, community engagement, conservation, education, employment, environment, Government, Investment, Minister, New Zealand, pest control, project, sustainable, vehicle, Waikanae, Wellingtonlast_img read more

CU-Boulder Study Shows Desert Droughts Lead To Earlier Annual Mountain Snow Loss

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: June 24, 2007 A new study spearheaded by the University of Colorado at Boulder’s National Snow and Ice Data Center indicates wind-blown dust from drought-stricken and disturbed lands in the Southwest can shorten the duration of mountain snow cover hundreds of miles away in the Colorado mountains by roughly a month. Led by Tom Painter, the study found seasonal snow coverage in the subalpine and alpine areas of the San Juan Mountains of southwestern Colorado disappeared by about 30 days earlier in 2006 because of heavy dust deposition from the Colorado Plateau roughly 200 miles away. The dust, which probably came from northeast Arizona and northwest New Mexico deserts, reduced the snow’s reflectivity, allowing more of the sun’s energy to warm the snowpack and cause it to melt earlier. “The connection between dust and lower snow reflectance is already established, but the amount of impact measured and modeled in this system stunned us,” said Painter. “The fact that dust can reduce snow cover duration so much — a month earlier — transforms our understanding of mountain sensitivity to external forcings.” While just three or four significant dust deposition events occurred annually in the San Juan Mountains between 2003 and 2005, eight occurred in 2006, according to the authors. In 2006, the subalpine regions of the San Juans melted out 24 to 35 days earlier than previous, relatively dust-free years, according to ground measurements and computer simulations. A paper on the subject was published online June 23 in Geophysical Research Letters. Co-authors on the study included CU-Boulder’s Andrew Barrett, Jason Neff, Maureen Cassidy, Corey Lawrence and Lang Farmer, as well as Christopher Landry from the Center for Snow and Avalanche Studies in Silverton, Colo., and Kathleen McBride of Northern Arizona University. The Colorado Plateau is centered in the Four Corners region of Colorado, New Mexico, Arizona and Utah and covers an area of roughly 130,000 square miles. Prior to the widespread ecological disturbance of the Western U.S. in the late 1800s, the high mountain snow would have likely lasted several weeks longer in most regions, according to the researchers. “Recent studies agree that with global warming, the Southwest will be warmer and drier,” said Painter. “Enhanced dust deposition is likely, further shortening snow cover duration. Ultimately, a warming climate and the dust it generates will affect river run-off and soil moisture in the mountains, not only in the Western United States but across many of the world’s mountains.” Snowmelt provides drinking water to one-sixth of the world’s population and provides important agricultural and recreational resources for the Western United States, said Painter. The progression of climate change may alter the reliability of spring snowmelt, including its quantity, timing and duration, he said. The study was funded by the National Science Foundation. NSIDC is part of the Cooperative Institute for Research in Environmental Sciences at the University of Colorado at Boulder, a joint venture of CU-Boulder and the National Oceanic and Atmospheric Administration.last_img read more

Entertainment Registry to be in Place September One

first_imgStory HighlightsThe Registry will certify and register local entertainment practitionersArtistes to benefit from tax waiversThe registry will provide for the free movement across the region Advertisements The Ministry of Tourism and Entertainment is moving ahead with plans to establish an Entertainment Registry, on September 1, 2013.The Registry will certify and register local entertainment practitioners and will be maintained by the Ministry.Speaking in an interview with JIS News, Portfolio State Minister, Hon. Damion Crawford, says the registry will provide an information hub for the delivery and administration of processes necessary for a sustainable entertainment industry.“It is a very important move in allowing for freedom of movement, but also extremely important for tools of trade for artistes to benefit from tax waivers on certain different things that assist them in plying their trade,” Mr. Crawford notes.During his Sectoral Debate presentation in the House on  June 3, 2013, Mr. Crawford explained that when operational, the registry will provide a central portal for listing Jamaican entertainment services and companies, including their key profile and contact information; legitimise the entertainment industry for greater economic benefit; facilitate efficiency and transparency within the entertainment industry; and provide for the free movement of creative skills internationally and across the region.“The Ministry of Foreign Affairs and Foreign Trade is also helping us with that to ensure that the registry reflects clearly what we want and how we want our people to be treated, for example at the embassy,” he adds.The State Minister says discussions are also underway with the Finance Ministry regarding tax waivers that will be granted to artistes.Mr. Crawford, who first announced the move to establish the registry, at a public consultation in Kingston in May, explained at the time that the registry will assist artistes when they apply for work permits and visas for overseas engagements.“We have heard many complaints of artistes not being able to travel and perform and our research shows that if they were actually listed as professionals (they would be looked at favourably). Persons were saying ‘how do we know that this person is an artiste?’ We have looked at the Economic Partnership Agreement as it relates to European travel, and the freedom of movement also calls for a registry,” he explains.Meanwhile, come September 1, promoters of entertainment events will also be required to have their events rated.Mr. Crawford says the events will be rated based on a matrix provided, indicating what utterances, actions and types of activities can be promoted at these events. He adds that the move will prove beneficial on several levels.“The benefits will be multifaceted. There will be more sponsors willing to participate as they would know the output and outcome and therefore less risk associated with applying and attaching their brand with certain events. Also, it will help to protect the consumers from undue exposure to things that, for example, children should not be exposed to, or adults don’t want to be exposed to,” the State Minister explains.He also points out that the initiative will protect artistes, as it will allow them to use whatever type of expression they want, based on the rating ascribed to the event being held.“There will be ratings starting from ‘G’, ‘PG16’, ‘A18’, ‘R’ and ‘PG’, and each of them will have that matrix which the artiste will be able to look at and know what should not be included,” Mr. Crawford says.“So, for example, utterances and references to violence cannot be in a G rating, but it can be in a ‘PG’ rating. So, there are different things in the matrix. The matrix will be on the application forms, so artistes and promoters will have full knowledge to then decide their ratings,” he tells JIS News.Promoters who breach the terms of the rating agreed on will lose points from their licences and will eventually be unable to have further promotions.Consultations were held with the public and the necessary stakeholders before the implementation of the various initiatives. Entertainment Registry to be in Place September OneJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay Entertainment Registry to be in Place September One TourismAugust 26, 2013Written by: Latonya Linton RelatedJamaica Featured in Round the World Yacht Racecenter_img RelatedJamaica Elected to Chair UNWTO Executive Council from 2014-2015 RelatedGov’t Earmarks $350m for Community Tourism Projects Photo: JIS PhotographerMinister of State in the Ministry of Tourism and Entertainment, Hon Damion Crawford. FacebookTwitterWhatsAppEmail last_img read more