The European Commission and Defra have dismissed reports that protection for EU products such as Cornish pasties could be weakened under the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement.German farming minister Christian Schmidt had raised concerns that current rules would not continue if the trade agreement with the US goes ahead.There are currently 62 British products covered by the EU Protected Food Name scheme, which highlights regional and traditional foods, giving legal protection against imitation.These include Cumberland sausage and Melton Mowbray pork pies, which have PGI status, as well as Cornish Pasties.“In the framework of TTIP, as with any other trade agreement negotiation, the goal of the Commission is to extend the protection certain products already get on the EU market to the concerned market,” a European Commission spokesman said.A Defra statement said: “TTIP will provide a valuable opportunity for the UK food and drink industries to promote their products in the US market, worth millions to our economy.“We want to ensure the TTIP promotes and opens markets for high-quality British produce.”
While the music was king at LOCKN’ Festival 2016, the Arrington, VA event made sure to entice fans with enchanting areas for musical magic. One such location was Garcia’s Forest, a psychedelic non-stop shrine to the late great Jerry Garcia. With Garcia’s music playing an almost all hours of the event, not to mention the stunning visual displays and artwork nestled in the woods, the Forest provided the perfect locale to unwind after a long day of raging with our favorite bands.Fortunately, LOCKN’ has dug into their Garcia’s Forest catalog and curated some of the best selections in a new playlist! This listing focuses exclusively on the Grateful Dead tracks that were played, running in alphabetical order from “Bertha” to “Wharf Rat.” With 25 songs selected, sit back, relax, and relive the splendor of Garcia’s Forest.You can stream the Spotify playlist below.[Photo via LOCKN]
BUDAPEST, Hungary (AP) — Protesters have gathered at a central square in Hungary’s capital of Budapest demanding a rethinking of the country’s coronavirus lockdown restrictions. Some entrepreneurs in the hospitality sector plan to open their doors to indoor dining on Monday, in defiance of strict pandemic restrictions. As the lockdown limiting restaurants to takeout service approaches the three-month mark, many business owners complain that they have received little to none of the government’s promised financial assistance while other businesses like shopping malls and retail stores have been permitted to remain open. Protest organizers have called for civil disobedience, and for the government to allow restaurants to open their doors.
Source: Governor’s office, April 22, 2009 Governor Jim Douglas has welcomed a Quebec-based transformer manufacturer opening a factory in Vermont. The firm estimates it will create 16 jobs this year and up to 43 workers by the end of 2011. In a ceremony at the company s new facility in the St Albans Industrial Park, the governor introduced BEMAG Transformers, Inc and celebrated the company s selection of Vermont for their expansion project. The state used $267,569 in incentives to lure the Canadian firm to Vermont, as well as $106,000 for training, and VEDA financing of $718,000. It is gratifying to see a world-class manufacturer appreciate the value of locating in Vermont, particularly one from our largest trading partner, Douglas said. This is another example of our state competing successfully for the jobs of the 21st century, and we look forward to helping Vermont Transformers grow and prosper here.BEMAG Transformers manufactures dry-type electrical transformers at a facility in Farnham, Quebec, but was nearing production capacity at that plant as it moved forward with plans to expand its share of the North American transformer market. As part of our due diligence, we explored potential expansion in Farnham; investigated locations in western Canada; and spoke with officials in New York, said Christian Roberge, Vice President and CFO of BEMAG Transformers. But the job creation and workforce training incentives Vermont offered helped seal the deal, Roberge said. Our new company, Vermont Transformers, Inc. will allow us to significantly expand our Canadian market share and to bring our quality products into the billion-dollar U.S. market.Vermont economic development officials began working with BEMAG in the fall of 2008. After several meetings in Vermont and Quebec, an incentive package including Green VEGI incentives totaling $267,569 and $106,000 in employee and manufacturing efficiency training from the Vermont Training Program were approved. The Vermont Economic Development Authority (VEDA) also approved $718,000 in financing assistance.BEMAG has established a U.S. entity called Vermont Transformers, Inc. which will lease the 23,000 square-foot former Vestshell building with the option to purchase in the near future.The new facility will employ innovative manufacturing practices and equipment developed and built in-house by BEMAG engineers, enabling greater efficiency and reliability. Several million dollars will be invested in facility fit-up and machinery and equipment, and operations will begin with a single shift and the possibility of expanding to multiple shifts once production ramps up.Under reforms proposed by Governor Douglas in 2006 and passed by the General Assembly, the VEGI economic incentives are authorized based on job creation and capital investments that must occur before the company earns the incentives and then the company receives incentive installments over a period of years.Vermont Transformers is eligible to earn a maximum of $267,569 in job creation incentives over three years only if they meet and maintain payroll, employment and capital investment targets each year. The incentives would then be paid out over a total of seven years, if the jobs are maintained.The Vermont Economic Progress Council approved the application late last month after reviewing nine program guidelines and applying a rigorous cost-benefit analysis which showed that because of the economic activity that will be generated by this project, even after payment of the incentives the State will realize a positive net increase in tax revenues over five years.The Council also determined that these projects would not occur or would occur in a significantly different and less desirable manner if not for the incentives being authorized.The Vermont Economic Progress Council is an independent board consisting of nine Vermont citizens appointed by the Governor that considers applications to the state s economic incentive programs.The Council is attached to the Vermont Agency of Commerce and Community Development, whose mission is to help Vermonters improve their quality of life and build strong communities.For more information, visit:www.thinkvermont.com/vepc(link is external)Or:www.vermonttransformer.com(link is external) ###
Norway, Seat of World’s Biggest Sovereign Wealth Fund, Urged to Modernize Its Investment Strategy, Including on Renewables FacebookTwitterLinkedInEmailPrint分享Reuters:Jobs, taxes and schools will be top of Norwegian voters’ minds when they go to the polls on Sept. 11, but it’s what to do about the nearly $1-trillion sovereign wealth fund that may be the next parliament’s biggest challenge.The world’s largest sovereign wealth fund, pooling Norway’s revenues from oil and gas production, has been managed for nearly two decades with a focus on avoiding risk and conflicts of interest.With prices of crude oil down by more than half in the past three years and returns below target, policymakers and critics agree the fund is due for an overhaul. For Norway, the difficulty is building a political consensus around what it should look like.“It is more an academic topic than a bread-and-butter issue for voters but … the coming months are absolutely crucial,” said Torstein Tvedt Solberg, an opposition Labour Party parliamentary candidate and its spokesman on the fund.Norway’s SWF has returned 3.79 percent per year on average since it opened in 1998. With the pot always growing – now at two-and-a-half times GDP – the fact that that’s short of the target four percent hasn’t been a big problem.Last year, however, the government had to make its first net withdrawal to supplement a state budget hit by the fall in oil prices and lower state revenues from oil and gas production, which accounted for half of Norway’s total exports in 2016. More net withdrawals are expected in the years ahead, economists say.Norway’s returns compare to 6.1 percent over the past 20 years at the world’s second-largest wealth fund, the Abu Dhabi Investment Authority, and 4.76 percent at the third-largest, China Investment Corporation, since it began in 2007.Unlike those funds, Oslo’s SWF is managed by a unit of the central bank that must turn to the government to secure a majority in parliament to make strategic changes, no easy feat given that minority governments are common in Norway.Critics say the process of consensus-building among so many disparate interest groups is agonisingly slow and possibly even fiscally irresponsible, however.“They (Norwegian politicians) do not want to take any risk that will end up in headlines. That is why the fund underperforms,” said Sony Kapoor, managing director of the Re-Define think tank and author of several studies on the fund.The new parliament’s first opportunity to make changes will come in the spring of 2018 when the finance ministry presents its next annual white paper to parliament.The two main issues on the table are whether to make the fund independent of the central bank, as a government-appointed commission recommended in June, and whether to allow the fund into new asset classes, including unlisted shares and unlisted infrastructure projects.The inclusion of unlisted infrastructure projects, in particular, is supported by the current fund managers.Investing in such projects — airports, roads, bridges or wind farms — has been a hot topic in recent months. The opinions of politicians are mixed, however, and not necessarily along party lines.Tom Sanzillo, director of finance at the U.S.-based Institute for Energy Economics and Financial Analysis, said the potential increase in returns is well worth the risk, and expressed frustration about the hesitation.“They seem to be walking away from a market that is a trillion dollar and that is growing exponentially in the coming years. This is not prudent,” said Sanzillo, who wrote a report on renewable energy infrastructure investment and the fund.More: Norway’s risk-averse wealth fund considers next moves
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Well-designed and implemented competency models should identify key behaviors and describe actions that demonstrate a person’s proficiency in a particular area. But there is some debate about whether competency models are helpful in today’s world.In my experience, the success of a competency model depends greatly on how it is used. An effective competency model is realistic in expectations, specific to the organization, and empowering for current and future leaders.Here are four tips for developing a competency model that delivers:1. Align It to Your Credit UnionDon’t simply pick a model off the shelf and put it in place in your organization. Instead, select competencies that are specific to your organization. Identify what behaviors your leaders need to support the organizational strategy and mission. Establish competencies that are critical to the success of the credit union, not just those that are popular or common practice. Since functional areas should know how their work impacts organizational goals, an individual should be able to draw a connection between the value of developing within a competency and the impact it will have on his/her role, the team and the organization.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 35-year-old Islip man was fatally hit by a van in Bay Shore early Sunday morning.Suffolk County police said Julio Delgado was walking across Bay Shore Road at the entrance ramp to the Southern State Parkway when he was hit by a southbound Ford van at 1 a.m.The victim was taken to Good Samaritan Hospital Medical Center in West Islip, where he was pronounced dead.The driver, 56-year-old Brett Beatty of Brentwood, was not injured.Third Squad detectives impounded the vehicle and are continuing the investigation. They ask anyone with information about this crash to call them at 631-854-8352.
New Zealand Rugby (NZR) faces a 70 percent decline in revenue in 2020 amid a global shutdown of sport due to the coronavirus, officials said on Thursday.NZR Chief Financial Officer Nicki Nicol said in a video conference the coronavirus had affected all areas of the game in New Zealand.”At NZ Rugby we are forecasting up to a 70 percent decline in revenue,” she told reporters. “We have had to quickly adjust our cost base accordingly.”The shutdown to contain the coronavirus has frozen all rugby in New Zealand, idling hundreds of staff and players in the country’s five teams that compete in Super Rugby along with sides from Australia, South Africa, Argentina and Japan.The All Blacks’ two-test series against Wales and one-off test against Scotland scheduled in July are also expected to be postponed or cancelled, which would deliver a further hit to NZR’s finances.NZR’s gloomy revenue forecast came after reporting a better-than-expected NZ$7.4 million ($4.53 million) loss in 2019. With 2019 a World Cup year, NZR had budgeted for an NZ$11.8 million loss from a reduced international programme but said strong results from sponsorship and licensing had helped mitigate the damage.Revenue of NZ$187 million in 2019 was down 1 percent on the previous year but represented a 40 percent increase compared to the previous World Cup year in 2015.”When you consider the significant impact on broadcasting and match day revenue in a Rugby World Cup year due to a condensed international programme, the commercial income from sponsorship and licensing has been a real success story,” Nicol said.She added that cash reserves of NZ$93 million had been a vital buffer in a year where there had been a “massive shock” to revenue.New Zealand, which has recorded over 1,400 COVID-19 infections and 19 deaths, eased a strict month-long lockdown on Tuesday, allowing some 400,000 people to return to work.Sports remain frozen, however, and NZR Chief Executive Mark Robinson said the governing body was working with authorities to make sure rugby could “get back on the field as soon as possible.”Topics :
Deepsea Bergen rig; Source Equinor – Photo: Kenneth EngelsvoldThe Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for three wells in the North Sea offshore Norway.NPD said on Wednesday that the drilling program was for two wildcat wells and one appraisal well, designated 35/10-4 S, 35/10-4 A, and 35/10-4 B.The three well locations are located in production license 630 where Equinor is the operator with an ownership interest of 60 percent while licensee Wellesley Petroleum has an ownership interest of 40 percent.The area in this license consists of a part of block 35/1 and a part of block 35/10. The wells will be drilled from the Deepsea Bergen drilling rig some seven kilometers southwest of the Vega Sør field.Production license 630 was awarded on February 3, 2012, in APA 2011 on the Norwegian shelf. Well 35/10-4 S will be the first well to be drilled in the license.To remind, Equinor received consent from the Petroleum Safety Authority (PSA) to drill the 35/10-4 S well using the Deepsea Bergen rig in late June.As for the rig, the Deepsea Bergen is a semi-submersible drilling rig of the Aker H-3.2 type built at Aker Verdal in 1983. The rig is owned and operated by Odfjell Drilling and classified by DNV GL and registered in Norway.
NZ Herald 23 Sep 2011The Broadcasting Standards Authority has declined to uphold a complaint by Family First against TVWorks that popular television show Californication breached the standards of good taste and decency. Family First’s complaint claimed “the quantity of offensive words in such a short period of programming plus the repetitive use of some of the most offensive words” in the episode – which screened on TV3 on April 18 – breached standards of good taste and decency…….But Family First argued in not upholding complaints against Californication, the BSA has “allowed a progressive lowering of standards to the point of hard pornography and extremely offensive language being common fare on our free-to-air channels”.http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=10753681