One in seven SME owners use personal savings to keep firms afloat

first_img Anna Menin Share Of the 503 business-owners surveyed, 44 per cent said that their companies had been negatively impacted by coronavirus and the subsequent lockdown.  Some 14 per cent of SMEs owners have used their personal savings for immediate financial support during the pandemic, according to a survey conducted by Opinium for Nucleus Commercial Finance.  An unusually quiet Exmouth Market in London (Getty Images) by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniorsbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinition Small and medium sized businesses (SMEs) in the UK have come under intense pressure during the Covid-19 crisis, with a recent poll finding that two fifths of small businesses were at risk of shutting down permanently.  Show Comments ▼ “There are so many options from the government and lenders, but that felt quite overwhelming so I decided this was the best route.” Before the Open newsletter: Start your day with the City View podcast and key market data An unusually quiet Exmouth Market in London (Getty Images) Also Read: One in seven SME owners using personal savings to keep businesses afloat during pandemic The government introduced the so-called bounce back loan scheme after facing criticism that its Coronavirus Business Interruption Loans were not accessible to smaller firms.  Wednesday 10 June 2020 12:01 am But UK lenders have reportedly warned that up to half of the bounce back loans may never be repaid.  A quarter of this group have already extended an existing loan or finance facility or have already taken out a new one, while seven per cent have applied for additional financing.center_img Laura-Louise Cottle put £2,400 of her personal savings into her business after the cancellation of events and festivals due to Covid-19 “nearly stopped sales” at her festival fashion brand, Wolf Rayet.  “I wanted to make a quick decision and decided that using my own savings was the best option, as I wanted to avoid future debts that the company might not survive,” Cottle told City A.M. An unusually quiet Exmouth Market in London (Getty Images) Also Read: One in seven SME owners using personal savings to keep businesses afloat during pandemic The bounce back scheme offers 100 per cent government-backed loans of up to £50,000 to small businesses, and has so far paid out £23.8bn to almost 800,000 SMEs. Cottle says her approach seems to have worked and has “kept my company going”. She has used the money from her savings to invest in advertising and product development.  The coronavirus pandemic is leading small business owners to take drastic steps to keep their companies afloat, according to a new survey, with one in seven small business owners digging into their own pockets to ensure their business survives.  One in seven SME owners using personal savings to keep businesses afloat during pandemic But Chirag Shah, chief executive of Nucleus Commercial Finance, said it was “alarming” that SME owners were restoring to using their own savings.  whatsapp “While some owners might believe that this is the best option for short-term cash flow needs, taking this measure can have a detrimental effect on the business and also their personal situation, especially if activity does not improve immediately once lockdown measures are eased.” whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

Watch: What is a biosimilar, exactly?

first_img 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. Alex Hogan/STAT What’s included? What is a biosimilar, exactly?Volume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledPlay/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemSeek %0-9 facebook twitter Email Link EmbedCopiedLive00:0003:1703:17  @damiangarde WATCH: What is a biosimilar, exactly? Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Log In | Learn More What is it? About the Author Reprints They’re meant to save money for the health care system, carve into pharma’s profits, and finally rid your television of some annoying commercials. But what are biosimilars, and where’s the revolution they were promised to bring?In short, biosimilars are cheaper versions of blockbuster drugs that can be sold as soon as those blockbusters lose patent protection. They’re conceptually similar to generics — the low-cost pills available in pharmacies around the world — but with a vastly important distinction: Biosimilars mimic biologic drugs, which are crafted from living cells, and that means they’re not technically identical the way off-brand atorvastatin is identical to Lipitor. GET STARTED Damian Garde Biotech Tags Biosimilarsbiotechnologydrug pricinglegal 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] National Biotech Reporter Damian covers biotech, is a co-writer of The Readout newsletter, and a co-host of “The Readout LOUD” podcast. By Damian Garde Feb. 5, 2019 Reprintslast_img read more

Several cars broken into in Cape Coral neighborhood

first_imgAdvertisementTags: Cape Coralcar burglary Advertisement“All four of us left our cars unlocked last night, so shame on us for leaving our cars unlocked. It’s the neighborhood we live in. I would never expect this to happen but obviously this can happen anywhere,” he said. Advertisement WATCH: Porch pirate targets newly moved in Cape Coral residents June 16, 2021 Cape Coral break in foiled by barking dog June 17, 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 RELATEDTOPICScenter_img 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 Cape Coral man tries to figure out meaning of his 25-year-old tattoos June 16, 2021 CAPE CORAL, Fla. – A Cape Coral Family said their truck was broken into last night, along with three others houses on Tamiami Court.Pat O’Brien said he was walking his dog this morning when he noticed his son’s truck had been ransacked. From there, he and his family checked their home security video and confirmed the thievery.“As we looked through it, it looked like they did a quick open the glove box, pull everything out and didn’t see anything. Then, opened the center console and lifted everything out of there,” explained O’Brien. “It was our time on the street apparently. I can’t imagine they will be coming back but I will certainly not make it any easier for them with the door open and car open.”O’Brien said that they could have never imagined a crime happening on their street and want this to serve as a lesson to always lock your car doors at night. Cape Coral canal levels remain low even after recent rains June 17, 2021 Advertisementlast_img read more

Bonita firefighters rescue osprey hit by car

first_imgBear hit and killed on I-75 near Bonita Beach Road May 24, 2021 Fire sparks inside Bonita Springs mobile home May 26, 2021 AdvertisementTags: Bonita Springsosprey 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 Fire crews use former Bonita Springs greyhound race track for training June 8, 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 commentscenter_img Red Tide and blue-green algae continue to impact the Southwest Florida waters May 26, 2021 RELATEDTOPICS Advertisement Advertisement BONITA SPRINGS, Fla. – Bonita Springs firefighters rescued an osprey that was hit by a car on Thursday morning. The osprey was hit at the roundabout near Old 41 Road and Terry Street, according to the Bonita Springs Fire Control and Rescue District.The bird allowed firefighters to cover him gently with their bunker coat and scoop him up to secure him. Firefighters said the osprey, who is calm and docile, is patiently waiting for crews with the Clinic for Rehabilitation of Wildlife to arrive.last_img read more

Psychedelic drugs are being used to treat depression in SWFL

first_imgNBC2 then watched as Childress smiled and put his hands to his mouth. “You don’t think about what you’re gonna eat. You don’t think about money,” Childress said, describing the experience. “You don’t think about anything other, doesn’t even matter, other than… I’m gonna say love.”Dr. Andrew Ferber has specialized in psychiatry for decades and works with the patients at My Self Wellness. During treatments, patients are given a call button in case of an emergency, and cameras in each room allow the staff to monitor the sessions. “I find that they can move faster with (ketamine) than anything else I’ve seen,” Dr. Ferber said. “This experience allows you to let go of your own active suppression of your self-love, of your allowing love from others, and of your holding on to traumas.”Ketamine was approved by the FDA as an anesthetic decades ago, originally used by combat medics in the Vietnam War.Later, it was abused by party-goers seeking the hallucinogenic effects, becoming a popular club drug known as ‘Special K’. Now, it’s being used off-label by clinics like My Self Wellness to treat people with severe depression, anxiety, PTSD and more.“It is on an upswing. It’s showing, for most people, very helpful — particularly with suicidality,” Steven Hill explained to NBC2. “The relief is much quicker than a traditional medication.”Hill is a program director for SalusCare, which is licensed to provide esketamine, a nasal spray that is approved by the FDA to treat depression. Hill said it’s less likely to produce a psychedelic effect than the ketamine injections.“I wouldn’t recommend it as a first treatment approach,” Hill explained. “For those individuals who are resistant to traditional medications, the research is showing some very good impacts.”But Hill says more research is needed into ketamine therapy, including the possible side effects and addictive properties. The treatments aren’t designed to be long-term — My Self Wellness typically administers the doses in six sessions — so the drug’s long-term effectiveness isn’t as well known. Dr. Ferber acknowledged there’s skepticism about this type of treatment, but said the medical community is starting to become more receptive to psychedelic medicines. “As Bob Dylan says, ‘The times, they are a changin,’” Ferber said. “We’re not here to convince people. We’re here to make ourselves available to those (who are ready).” Michael Childress is hoping ketamine can give him that long-sought relief, once and for all. “Since I’ve been having the treatments, I haven’t had one drop of alcohol. Haven’t smoked a cigarette. Haven’t done any illegal drugs,” he explained. “A whole new reset of me. It’s a wonderful thing.”  Health Matters: How is COVID-19 Impacting your Mental Health June 1, 2021 RELATEDTOPICS FORT MYERS, Fla. (WBBH) — Michael Childress will never forget the day — the moment — when he stopped just short of suicide. “Literally had my shotgun in the mouth. Finger on the trigger,” Childress recalled. “For whatever reason, I stopped.” That was not long after a traumatic experience he suffered while serving in the Navy. He’s carried that trauma with him in the decades since then. “Depression sets in. And then alcohol sets in. And then drugs set in,” Childress said. “Because you’re looking for this something that you want… relief.” AdvertisementIt’s that search for relief that led Childress to My Self Wellness in Bonita Springs. It’s among the growing number of places offering the increasingly popular ketamine therapy to treat depression and other mood disorders. Childress allowed NBC2 to film his 5th session. We watched as he sat back in a recliner and covered himself in a soft blanket. A nurse came in, gave him some anti-nausea medicine, cleaned his arm and then injected him with the ketamine. Childress then put on noise-cancelling headphones and an eye mask, and waited for the drug’s effects to kick in. The ketamine has a dissociative effect, creating a psychedelic experience for patients.  Why prices are rising – and when they could go back down June 13, 2021center_img 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 commentsDC 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: investigatorsmental health NBC2 Investigates: Who pays for healthcare for the homeless? May 28, 2021 How nature can help SWFL fight back against sea-level rise May 26, 2021last_img read more

Spirited 14 man Laois lose out Dublin – but go through to quarter-finals

first_img Twitter Facebook Previous articleBREAKING: Motorway in Laois at standstill as snow pelts downNext articleIn Pictures: Snowy scenes as Laois turns white once again Siun Lennonún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Facebook Pinterest Laois 0-11 Dublin 0-13Allianz Hurling League Division 1B round 5After a superb display on this dreary day, Laois had their hopes of a second league win taken away in the dying minutes of this game.However Offaly beating Carlow 4-8 to 1-10 guaranteed a spot in the quarter-finals for Laois, as the head into the last eight against All-Ireland champions Limerick with their spot in fourth place.It was a heartbreaking end to a game in where dominated for so much of. Laois’s physicality was at its peak today, particularly as the full-back line cleared their lines a number of times.In saying that, first half was frustrating at times, as Laois cooled off on the scoring front.Joe ‘Tricky’ Phelan saved Laois’s bacon by overturning a number of balls on the full-back line.Three near goal chances within the first 35 minutes had the Laois fans with their hearts in the mouths as a number of balls dropped in on the full-forward line before being cleared.Laois took the lead after a scrappy start, as Sean Downey pointed from 55 yards out to put Eddie Brennan’s men on the boardGood play from the Laois half-forward line set up Aaron Dunphy for a second score, but a sloppy pass fell to John Hetherton who hit back for Dublin, making it 0-2 to 0-1 after four minutes.Danny Sutcliffe and a Sean Moran free drew the sides level but a superb point from Willie Dunphy put Laois back in front.Following this, corner back Joe Phelan worked the ball up to Mark Kavanagh who pointed to become Laois’s fifth scorer of the game.Two sweetly struck frees from Enda Rowland and Kavanagh pushed Laois four ahead after 15 minutes.Three frees off the stick of David Treacy cut this lead back to one as Laois went in to the changing rooms leading by one point – 0-7 to 0-6.Dublin substitute Oisin O’Rorke drew the sides level after less than a minute from the restart while Shane Barrett struck them ahead for the first time in the game in the 36th minute.Great work and a lot of physicality from captain Paddy Purcell saw him point his first of the game to bring the sides level once more.Cha Dwyer followed this up with a stellar point of his own from the left-wing.After a number of questionable calls, a close range free was afforded to Mark Kavanagh, which he converted with ease.Cian Boland closed Dublin’s deficit back to one while O’Rorke brought the sides to 10 points a piece.Kavanagh’s fourth point from another free brought Laois one point ahead after 48 minutes but disaster struck as Cha Dwyer received a second yellow and Laois went down to 14 with 13 minutes to go.Dublin’s sweeper cleared two balls before Danny Sutcliffe pushed Dublin one ahead while a Riain McBride free increased this lead to two.A heartbreaking end – but still the quarter-finals to look forward to for this side.SCORERS – Laois: Cha Dwyer 0-1, Aaron Dunphy 0-1, Sean Downey 0-1, Willie Dunphy 0-1 Mark Kavanagh 0-4 (0-3 frees) Enda Rowland 0-1 (0-1 frees), Paddy Purcell 0-1, Cha Dwyer 0-1 Dublin: Danny Sutcliffe 0-3, John Hetherton 0-1, Sean Moran 0-1 (0-1 frees), David Treacy 0-3 (0-3 frees), Oisin O’Rorke 0-2, Shane Barrett 0-1, Cian Boland 0-1, Riain McBride 0-1LAOIS: Enda Rowland (St Lazerian’s Abbeyleix); Joe Phelan (Camross), Matthew Whelan (Borris-Kilcotton), Donnacha Hartnett (Mountmellick); Lee Cleere (Clough-Ballacolla), Ryan Mullaney (Castletown), Padraig Delaney (The Harps); Charles Dwyer (Ballinakill), Sean Downey (Ballinakill); Aaron Dunphy (Borris-Kilcotton), Eanna Lyons (Ballyfin), Mark Kavanagh (Rathdowney-Erill), Paddy Purcell (Rathdowney-Errill); Willie Dunphy (Clough-Ballacolla), Neil Foyle (Borris-Kilcotton) Stephen Maher (Clough-Ballacolla) Subs: Stephen Bergin (Clough-Ballacolla) for P Purcell (bloodsub- 2 minutes) Paddy Purcell for S Bergin (return- 4 minutes) Stephen Bergin for W Dunphy (23 minutes – injured), Jack Kelly for S Maher (47 minutes), Paddy Keating for N Foyle (56 minutes), Conor Phelan for S Downey (72 minutes)DUBLIN: Seán Brennan; Paddy Smyth, Eoghan O’Donnell, James Madden; Daire Gray, Seán Moran, Shane Barrett; Jake Malone, Riain McBride; David Treacy, Danny Sutcliffe, John Hetherton; Paul  Rushe, Donal Burke Subs: Oisin O’Rorke for P Ryan (half-time), Cian Boland for J Malone (41 minutes) Eamon Dillon for D Burke (41 minutes), Ronan Hayes for J Hetherton (47 minutes) Fergal Whitely for D Treacy (64 minutes), S Barrett (72 minutes – injured)Referee: Liam Gordon (Galway)SEE ALSO – Big-hearted Laois man Paddy Phelan speaks about giving up his home to help a young family WhatsApp Talking Sport Podcast: County finals galore, international call ups and Mike Henchy interview Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter By Siun Lennon – 3rd March 2019 Community Council WhatsApp Podcasts New Arles road opens but disquiet over who was invited to official opening Home Sport GAA Spirited 14 man Laois lose out Dublin – but go through to… SportGAAHurlingLaois Senior Hurling Team Laois secondary school announces scholarship winners for new academic year TAGSAllianz Hurling League Division 1BLaois senior hurlersLaois senior hurling teamLaois v Dublin Spirited 14 man Laois lose out Dublin – but go through to quarter-finalslast_img read more

North Korea Withdraws Aircraft Guarantee

first_img There are signs that North Korea is running into serious difficulties with its corn harvest North Korea Withdraws Aircraft Guarantee News AvatarNamgung Min News RELATED ARTICLESMORE FROM AUTHOR North Korea tries to accelerate building of walls and fences along border with China News center_img SHARE Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News Facebook Twitter By Namgung Min – 2009.03.06 12:16pm North Korea, angry at the “Key-Resolve” South Korea-U.S. joint military drill, can no longer guarantee the safety of South Korean civilian airplanes within North Korean airspace, according to a statement released yesterday. The statement by the North Korean Committee for the Peaceful Reunification of the Fatherland (CPRF) claimed, “Now, we have reached a status where we do not know if a military collision will occur due to the indiscreet invasion drill by the South Korean puppet factions and the U.S. We therefore declare that we are unable to guarantee South Chosun (Korea) civilian aircraft flying in our airspace and over the East Sea during the period of the drill.”North Korea has maintained a hard-line stance, not against the U.S. but against South Korea, insisting daily that the “Key-Resolve” drill, which is due to last for two weeks starting on the 9th March, be cancelled. Minju Chosun (Democratic North Korea), a publication put out by the North Korean Cabinet, asserted in its editorial on the 5th that “Key-Resolve” and “Foal Eagle,” two South Korea-U.S. joint military drills, are obvious “incendiary fire for an aggressive war,” adding that, “It is certain that the South will have to suffer the consequences of it.”Rodong Shinmun, the newspaper by the Workers’ Party, warned on the 4th, “If South Korea dares to carry out the provocative acts, ignoring our repeated warnings, it will be mercilessly attacked. If South Korea invades just 0.001 millimeter of our territory, we will pay them back hundreds and thousands of times the attacks, with all our might.” Meanwhile, in reaction to the North’s statement, Pentagon Press Secretary Geoff Morrell said in a press briefing, “These are annual exercises between the Republic of Korea and our U.S. forces in Korea.” He added. “I’m not aware of any component of the exercise which would necessitate flying either Korean or U.S. aircraft into North Korean airspace.”Deputy Department Spokesman Gordon Duguid also made comments on the subject in his daily press briefing, saying, “They are distinctly unhelpful. The North Koreans should be working on their commitments to the Six-Party Talks, to the Six Parties, and fulfilling their agreements under the Six-Party Talks rather than making statements that are threatening to peaceful aviation.”last_img read more

2014 Dealers’ Report Card: Editors discuss key research results

first_img Session ID: 2021-06-13:2d4ee461da08780cb5432fe1 Player Element ID: vjs_video_3 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Pablo Fuchs Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 5:19Loaded: 0.00%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -5:19 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window. This video is either unavailable or not supported in this browser Error Code: MEDIA_ERR_SRC_NOT_SUPPORTED Technical details : The media could not be loaded, either because the server or network failed or because the format is not supported. Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

Carney warns of climate exposure at RIA conference

first_img Related news Share this article and your comments with peers on social media Mark Burgess Group of large oilsands operators commit to become net zero emitters by 2050 Climate metrics are imperfect, but advisors still need to start using them Mountain Range in British Columbia` fremme/123RF Bruised but unbowed: meme stock investors are back for more Investment managers should examine their portfolios with a climate lens as governments transition to a low-carbon economy, former Bank of Canada governor Mark Carney said Monday.Carney, who was also head of the Bank of England, spoke at the Responsible Investment Association’s virtual conference. Keywords Climate change,  Investing “Think about your investment portfolio or your lending book, your exposures today,” said Carney, who is now vice-chair and head of ESG and impact fund investing with Brookfield Asset Management.Investors need to consider how their portfolios would look in a world where we don’t do anything and the physical risk from climate change increases, and in a world where we address climate change to limit global warming to 1.5 degrees.“Certain activities are unlikely to be competitive,” he said, “and how exposed are you?”As of last year, global capital markets were funding through investments a world that will be 3.25 to 3.5 degrees warmer. Portfolios may look significantly different in a world where global warming is limited to 1.5 degrees.“Are you backing companies that are investing to reduce their footprint?” he asked. All investors should be asking companies about their plans for net zero emissions.Meanwhile, governments need to be clear about the scale of change required and the potential timelines for meeting climate goals, especially as those goals relate to a “just transition” for workers in the oil and gas sector.“I would err on the side of over-investing in a just transition than trying to thread the needle on it,” Carney said.Obvious investments to make immediately include carbon capture and storage, which makes Canada’s fossil fuel industries more competitive, Carney said, and the expertise developed could be exported. “All of that makes sense, and front-loading efforts there are incredibly important.”Governments should also use broad investment tax credits to provide generous incentives to help companies and workers transition from polluting industries, he said.In addition to working with Brookfield, Carney is the United Nations special envoy on climate action and finance. He has also offered policy advice to Prime Minister Justin Trudeau’s Liberal government as it develops an economic recovery plan from the Covid-19 pandemic. He spoke at the Liberal Party’s policy convention in April amid ongoing speculation that he may seek a seat in Parliament in the next federal election.Investment Executive and Advisor’s Edge are media partners for the Responsible Investment Association conference. Facebook LinkedIn Twitterlast_img read more

Kellits High School in Clarendon to be Expanded

first_imgRelatedKellits High School in Clarendon to be Expanded Kellits High School in Clarendon to be Expanded UncategorizedSeptember 21, 2006 RelatedKellits High School in Clarendon to be Expanded RelatedKellits High School in Clarendon to be Expandedcenter_img FacebookTwitterWhatsAppEmail Construction of a two-storey block, consisting of five classrooms and sanitary facilities, along with other amenities, will begin this term at the Kellits High School in Clarendon, thus increasing the number of classroom spaces by 200.Permanent Secretary in the Ministry of Education and Youth, Maria Jones said that the works to be undertaken formed part of a larger programme, which seeks to increase and improve infrastructural facilities at public schools across the island.“Kellits is only one (school) within an entire major programme of school expansion and construction in which the Ministry is engaged at this time, as we are moving full steam ahead in all aspects of the transformation,” she explained.The Permanent Secretary was speaking at the signing of a contract between the Government and Alfrasure Structures and Roofing Limited, the contractors, at the Ministry’s Heroes Circles office on September 19.Mrs. Jones noted that the expansion, which would cost the Ministry $21 million, is aimed at addressing the issue of overcrowding in schools in the parishes of St. Catherine and Clarendon.The project, which will begin in October, is expected to be completed within the next school term.In her remarks, Principal, Kathleen Edwards said that she was pleased with the expansion works that are to be undertaken, as this would serve to enhance the teaching and learning environment for both teachers and students.“We will use the facilities efficiently and effectively.and whatever money is expended on this project will be positively valued and you will see the fruits from the students that we will turn out in Jamaica,” she asserted.Currently, the Kellits High School operates a double shift system with an attendance of 1,100 students. On completion, the school is expected to return to its previous operation, that of a single shift system. It will also be able to accommodate students who have physical disabilities.Two years ago, the school received a science laboratory from the Ministry of Education and Youth.Some 300 schools will undergo repairs under the Education Transformation Project, during this academic year.Of that number, 84 will be repaired this school term at a cost of $94.5 million. Advertisementslast_img read more