News / Zim 2016 losses are mounting up, but container line says ‘we can cope’

first_img Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year.This compares with a $23m profit in the same period of 2015, which the Israeli carrier blamed on “unprecedented low freight rates and severe market conditions”.Second-quarter revenue dropped 19.8% year-on-year to $612m, with average revenue per teu plunging 25% over the first half of this year to $903 per teu.However, the container line’s aggressive marketing improved its teu load count by 7% on the second quarter of 2015 (which, by coincidence, was the same increase over the first quarter of 2016) to 617,000 teu.Zim’s outgoing president and chief executive, Rafi Danieli, said: “The very challenging market situation impacts the industry as a whole.”However, Mr Danieli, who announced in January that he wished to step down as chief executive, but will continue until a replacement is found, said the line’s “fast reaction to market changes” had assisted it “to cope with the challenges”.The second-quarter loss follows a $56m deficit in the first quarter, after the Israeli carrier had returned to the black in 2015 with a modest net profit of $7m.Zim only published its second-quarter results yesterday (2 October) – around a month later than had been expected. This, it said, was due to negotiations with creditors over the rescheduling of approximately $115m of debt repayments.But it said it had now “reached agreement” to delay payments by up to 12 months.“With this agreement in place the company maintains its financial stability and will continue to develop its growth plan,” it said in a statement.“Reaching this agreement is another proof of the confidence and trust that the creditors have in the company.”Zim was restructured in 2014 in a deal which saw its lenders and the owners of its chartered tonnage take a 68% stake in the company in a $1.4bn debt-to-equity swap.At around the same time, the carrier axed its loss-making Asia-Europe liner services to concentrate on the then more lucrative Asia to US east coast tradelane.According to Alphaliner’s latest update, Zim now ranks 17th in the ocean carrier league table, with a total vessel capacity of 341,430 teu across a fleet of 73 ships, giving it a 1.6% share of the global market. It has no outstanding vessel orders and 67 of the vessels in its network are chartered in.In July, when the 2M alliance signed a memorandum of understanding with South Korean carrier Hyundai Merchant Marine (HMM), there was speculation that Zim was also in talks to join the Maersk and MSC-led alliance.Subsequently, with the demise of Hanjin, rival vessel sharing grouping THE Alliance, which Hanjin was scheduled to join in April 2017, is rumoured to have been making overtures to Zim.And post-Hanjin, with the intensity of carrier M&A activity stepping up, Drewry notes that the top five-ranked carriers now control 54% of the world’s container trade, compared with 36% in 2005. By Mike Wackett 03/10/2016last_img read more

Parents remain leery of schools that require HPV vaccination

first_imgPharmalotParents remain leery of schools that require HPV vaccination [email protected] A decade after first becoming available, the HPV vaccine is still a hard sell.A new study finds that only 21 percent of parents believe that a law requiring vaccination for attending school is a good idea, and 54 percent disagreed with the notion of such a requirement for school entry altogether. What might make them change their minds? Well, 57 percent reported that they could live with the requirement, but only if there is an opt-out provision.The results suggest that such legislative requirements may accomplish very little. “Opt-outs lead to a large number of parents choosing not to vaccinate their children, and that makes requirements ineffective in raising vaccination rates,” said Noel Brewer, a coauthor and associate professor in the UNC Gillings School of Global Public Health, in a statement.advertisement Please enter a valid email address. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. So far, just two states — Rhode Island and Virginia — and the District of Columbia, require HPV vaccination for entering school. To what extent such legislative efforts will spread around the country seems unclear. Only New Jersey has such a bill pending, while legislation died recently in Hawaii and Maryland, according to the National Conference of State Legislatures.“It would be hard for lawmakers to enact a policy that has 21 percent support,” Brewer acknowledged. We should note that the study was funded by Merck, which sells the Gardasil HPV vaccine, and that Brewer has received HPV vaccine-related grants from or served on paid advisory boards for Merck.advertisement By Ed Silverman Aug. 23, 2016 Reprints Ed Silverman @Pharmalot Physicians have also been affected by the criticisms. A study last fall, which was based on a survey of 776 US doctors, found that a quarter did not strongly endorse the need for HPV vaccination with parents of 11- and 12-year-olds under their care.Consequently, uptake has been slow. The US Centers for Disease Control and Prevention reported that about 7 percent of girls and 22 percent of boys aged 13 to 17 years of age had completed all three recommended doses as of 2014.The low vaccination rates have frustrated public health officials, as well as Merck, which earlier this summer began running the first Gardasil television ad campaign in several years. The ads, however, have generated some controversy of their own. Instead of specifically promoting the product, the message tugs on parental heart strings by focusing on the hazards of contracting HPV.Merck began the ad campaign amid declining Gardasil sales in the United States. For the first six months of this year, the vaccine generated $770 million, down from $785 million during the comparable period in 2014. On an annualized basis, the figures suggest sales may lag behind the $1.9 billion in revenue that Gardasil generated in 2015. Related: Study says doctors passively discourage HPV vaccines About the Author Reprints Privacy Policy Newsletters Sign up for Pharmalot Your daily update on the drug industry. Joe Raedle/Getty Images A 13-year-old girl receiving an HPV vaccination in 2011. Leave this field empty if you’re human: Interestingly, the study also found 32 percent of parents felt the vaccines are promoted to make money for drug companies, and only 40 percent believed the vaccines are effective in preventing cervical cancer. (The vaccines are designed to thwart human papillomavirus, or HPV, which can lead to cervical cancer). More than 1,500 parents of 11- to 17-year-olds were queried, by the way.The findings, which were published late last week in Cancer, Epidemiology, Biomarkers & Prevention, underscore the difficulties that public health officials have encountered since Gardasil, the first HPV vaccine, was approved by the US Food and Drug Administration a decade ago.From the start, some parents objected to the cost of the treatment, which requires three shots, costing a total of about $530. Others expressed concerns that getting an HPV vaccine may lead teenage girls to think it may be safer to have casual sex, although a subsequent study found there is no evidence to suggest the vaccines — GlaxoSmithKline sells another called Cervarix — leads to risky sexual behavior.Those anxieties were initially fueled by a surreptitious Merck marketing campaign. Even before regulators approved Gardasil, Merck tried to persuade lawmakers to require school districts to make vaccination mandatory. The effort failed and created lingering distrust of the company, which only two years earlier was ensnared in scandal over its withdrawal of the Vioxx painkiller amid controversy over the extent to which side effect data about cardiovascular risks was properly disclosed.Most of all, the vaccines have been plagued by numerous reports of side effects. The issue prompted European regulators to investigate although they did not find evidence the vaccines cause chronic pain or dizziness. Earlier this month, meanwhile, 63 young women in Japan filed a class-action lawsuit seeking $9 million in compensation from the central government and the manufacturers over side effects, pain in various parts of their bodies, difficulty walking, and impaired eyesight. Tags HPVMerckVaccineslast_img read more

States and hospitals: overhaul your vaccine plans with data before it’s too late

first_img Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. By Gary Velasquez Jan. 11, 2021 Reprints Privacy Policy Many states seem to know that overlooking science and data when making vaccine plans is no longer an option. This is especially true when it comes to the fast-approaching task of reaching people with underlying medical conditions that increase their risk for severe Covid-19, since identifying and ultimately reaching these people is not as simple as knowing their occupation — a nurse, say — or, in the case of long-term care residents, their place of residence. Stratifying those between the ages of 16 and 64 with underlying health conditions is a far more complex undertaking that requires combing through individual health records and understanding the local social determinants of health at play. And then reaching these people — getting shots in arms — requires understanding their level of connection to the health system, such as whether they regularly see a doctor or go to a hospital, for example, or live near a pharmacy. Related: Leave this field empty if you’re human: Health insurers have a longitudinal view of their members’ clinical histories, meaning they have an exhaustive record of individuals’ care and treatment. Hospitals, on the other hand, have more of a transactional view, such as when a patient experiences an emergency health event. And to ensure that those without insurance are not missed, the model needs to flag communities with limited access to key points of vaccine delivery, such as pharmacies, hospitals, county health clinics, and federally qualified health centers.I have seen firsthand how drawing on insights from more precise data sources can help tackle these urgent challenges for making vaccine plans. In December, my company, Cogitativo, conducted a pilot project at the request of the Department of Health and Human Services, which was exploring ways that states could optimize their prioritization decisions by identifying communities at greatest risk and determining the best pathways to reach high-risk individuals. We analyzed demographic, clinical, and social determinants of health data, along with peer-reviewed medical literature on Covid-19 and other coronaviruses, to create risk scores for more than 20 million Californians and precisely identify the communities with the most pressing needs, down to the ZIP code.We identified a number of key risk indicators that have gotten almost no attention in the national conversation. We found, for example, that significant drivers of elevated risk of developing serious Covid-19 include not only conditions like high blood pressure and diabetes, but also conditions like lupus, sickle cell disease, and severe mental health issues.Regarding social determinants of health, we also found that individuals who lived far from a grocery store, to take one example, were at an increased risk of ending up in the hospital with Covid-19. And in terms of vaccination pathways, we found that 20% of at-risk Californians aren’t engaged with the health care system. These individuals are among those who will be missed unless states launch targeted outreach programs communicating the critical importance of the vaccine.This HHS pilot project shows the kind of granular insights that can be uncovered when we turn to science and data. Our nation — and our economy — cannot afford more vaccine missteps, and budget-strapped states cannot afford an endless series of costly do-overs.Of course, reaching this comprehensive view of risk requires sifting through massive amounts of data that would be impossible for any one state or public health agency to do alone — but that’s no reason to take an easier path. To complete the vital task of making effective vaccine plans, states must partner with major provider and payer networks as well as county health clinics and federally qualified health centers that typically deliver care to underserved populations, all of which have the best line of sight into the needs of their patients and beneficiaries.The health of our country and economy depend on it.Gary Velasquez is the co-founder and CEO of Cogitativo, a data science company. [email protected] First OpinionStates and hospitals: overhaul your vaccine plans with data before it’s too late Gary Velasquez People with type 1 diabetes have a higher risk of dying from Covid-19. Why are they lower on CDC’s vaccine priority list? Syringes and vials of the Pfizer-BioNTech Covid-19 vaccine are prepared to be administered at a drive-up vaccination site from Renown Health in Reno, Nevada. PATRICK T. FALLON/AFP via Getty Images The first phase of the vaccine rollout, which is supposed to deliver shots to roughly 24 million health care workers and residents of long-term care facilities, has been stymied by poorly conceived distribution plans based on judgement calls. Without better use of sound science and data, vaccine plans for the next two phases of the rollout, which aim to inoculate nearly 180 million Americans, could descend into complete chaos.Most of the missteps so far stem from the same problem: prioritization decisions that ignore the science of risk assessment and leave too much to chance. From Stanford Medical Center’s reliance on a simplistic and arbitrary distribution plan that kicked front-line health care workers to the back of the line, to Massachusetts General Hospital’s use of an app that relied on workers to self-report their level of risk, to an Arizona county’s misplaced trust in a survey issued to health care workers, we’ve seen that the people who need the vaccine the most tend to get left behind when allocation decisions are made by faulty risk models or are up to the discretion of a handful of individuals, despite their best intentions.For all of the logistical complexities of distributing the vaccine, the solution to determining the order of the queue for shots is straightforward. In any target group — whether it’s health care workers or long-term care residents or individuals over 75 — an individual’s risk for adverse outcomes when exposed to Covid-19 should determine his or her place in line.advertisement That’s a recipe for disaster. Using population as a factor means that dense communities, merely because they are populous, will get far more doses than they need and more sparsely populated communities will get far fewer doses than they need. For example, Los Angeles County, the largest county in the country, would get more doses than it needs because it is home to 10 million people, not because it is home to the greatest share of high-risk people.What’s more, the SVI fails to account for individual clinical history or key social determinants of health at the county level, such as air quality and proximity to grocery stores based on ZIP code. And relying on pharmacies for distribution leaves out people who live in pharmacy deserts, which are more common in low-income neighborhoods, communities of color, and rural areas.Instead of the population size plus SVI model to determine vaccine allocation, states should turn to a three-pronged data set.First, the SVI must be supplemented with available data on social determinants of health. Second, the model should be based on peer-reviewed medical literature about SARS-CoV-2, the virus that causes Covid-19, and other coronaviruses. Third, the model should include individual clinical history whenever possible. This, of course, would require states to work with health insurers, which is exactly the kind of public-private coordination needed to successfully roll out vaccines to all Americans. Please enter a valid email address. About the Author Reprints But here, too, states seem poised to repeat mistakes, as most are signaling that they will turn to a combination of two ingredients to identify high-risk individuals: the number of people who live in a given county and the Social Vulnerability Index (SVI), a tool often used in the aftermath of natural disasters such as hurricanes that combines 15 factors, ranging from the percent of people living in poverty to lack of access to a vehicle and crowded housing, to determine the vulnerability of each U.S. census tract. And in many cases, pharmacies will be the primary vehicle for distribution during upcoming phases of the rollout — a decision that falsely assumes all Americans have immediate access to a pharmacy.advertisement Tags CoronavirusHealth ITpublic healthVaccineslast_img read more

Q&A Reveals Cheonan Disaster Details

first_img News AvatarChris Green A very difficult Cheonan investigation was revolutionized by dredging vessels using high tensile nets to scour the sea floor for evidence, it was revealed in the Q&A session following today’s release of the results of the investigation by a joint civil-military investigation team.Frustrated by currents and water depth, the investigation team discovered that the Republic of Korea Air Force had employed dredgers in the past to “collect most of the evidence fragments” from lost jets in waters up to 372m deep in the East Sea, and 45m deep off the west coast.Thereafter, on April 1st and using special, high tensile nets, the team began dredging the area, using the nets as many as eight times each day until the morning of May 15th when the evidence which forms the basis of the case against North Korea was found.Told that the important parts would probably lie around 30 to 40m from the original detonation site, the team created a grid of 500 yards by 500 yards, and within it 25 yards by 25 yards, all across the area as the basis of the search. In the end, the section of a North Korean torpedo was recovered from an area “slightly above the original detonation point” which had been searched “several dozens of times” before. “Divine luck,” explained Kim Nam Shik, the captain of the dredger, “allowed us to finally salvage this evidence.”Ultimately, Lieutenant-General Kang Won Dong, the director of the multinational support element of the joint-investigation team explained that the team was able to conclude that a Yeonho Class midget submarine had infiltrated South Korean waters via the fringes of international waters to avoid detection on the night of March 26th, before approaching the Cheonan, identifying it as a South Korean naval vessel, and torpedoing it with a “CHT-02D” torpedo. The team noted intelligence that one Sangeo Class (300 tons) and one Yeoneo Class (130 tons) vessel had left port on North Korea’s west coast before the attack, returning some time afterwards. The Yeoneo Class is similar to the older Sangeo Class of North Korean submarines, and both are classified as midget submarines by being less than 300 tons in weight.In order to prove that the torpedo was responsible for sinking the ship, the team tested samples of “large amounts of white powder” found on the ship’s hull and the propeller of the torpedo, alongside substances produced by a test explosion of 15g of explosive in 4.5 tons of sea water.The results of the tests showed that the substance found on the hull of the vessel and the torpedo was aluminum oxide, with additional evidence of graphite. Both are substances made by rapid cooling of a high temperature environment. According to the explanation of the team, 20 to 30kg of aluminum is added to most modern torpedoes, to enhance explosion size and help create bubbles.Areas of damage to the hull, they explained, were due to this “rapidly oxidizing aluminum powder.”The team was finally able to conclude that the torpedo exploded outside the Cheonan, some 69m below portside, but that the ship was destroyed by a pillar of bubbles and water created by that explosion. The evidence for this presumption was the testimony of a sentry stationed on Baekryeong Island at the time of the explosion who said he saw a one hundred meter high “white flash” in the ocean, that of the port lookout on the Cheonan who said he felt droplets on his face at the time of the explosion, survivors who testified to “indentations so deep on port side that their ankles would disappear into the holes”, and the samples of explosive materials found all across the ship.The team added that footage from CCTV cameras on the ship had been retrieved, and showed a ship operating normally until one minute before the explosion. However, they declined to release the footage publicly out of respect for the families of the deceased. By Chris Green – 2010.05.20 2:26pm SHARE News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Q&A Reveals Cheonan Disaster Detailscenter_img Facebook Twitter News RELATED ARTICLESMORE FROM AUTHOR There are signs that North Korea is running into serious difficulties with its corn harvest News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

StatsCan study ties education to retirement savings behaviour

first_img Related news Workers with higher levels of education also have higher savings and wealth accumulation, even after controlling for income and other characteristics that indirectly affect savings behaviour, according to a new study from Statistics Canada (StatsCan) published on Monday Earnings surge for Great-West Lifeco in Q4 Manulife confirms FINTRAC fined its banking unit $1.15 million last year James Langton Keywords Retirement Survey finds Canadians aren’t sure how much they’ll need for retirement Snowbirds win legal battle to reinstate out-of-province medical coverage “The study addresses a long-standing information gap around the direct impacts of education on savings and wealth outcomes, and provides new insights on the long-run returns to education,” the StatsCan study says. For example, the study finds that completing high school increases estimated savings rates in tax-preferred retirement accounts (such as RRSPs) by between two and six percentage points annually, on average. The study also finds that workers who are better educated tend to have a better understanding of financial concepts, such as how inflation affects the future value of savings, and the relative risks of different savings options. Read: Canadians unprepared for retirement, unexpected events, survey finds Read: Special Report on Retirement In addition, StatsCan reports that the study found that education impacts how workers respond to automatic contributions to registered pension plans (RPPs). Overall, a $1 automatic RPP contribution is estimated to reduce RRSP contributions by 53¢, it says. However, this varies widely based on education. For example, workers who didn’t complete high school don’t adjust their RRSP savings at all whereas university-educated workers reduce their RRSP contributions by an average of 69¢ per $1 contributed to their workplace pensions. Photo copyright: epridnia/123RF Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Trump administration considering tax break on U.S. capital gains

first_img U.S. jobless claims drop to new pandemic low Keywords Capital gains tax,  U.S. U.S. employers added a modest 559k jobs in May Martin Crutsinger The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed.Administration officials said Tuesday that U.S. Treasury Secretary Steven Mnuchin prefers deferring to Congress. However, he does have his department studying the economic impact of such a change and the legality of proceeding without congressional approval. Another jump in prices tightens the squeeze on U.S. consumers Related news Share this article and your comments with peers on social media The change would involve taxing capital gains after taking inflation into account, which would lower the tax bite. Capital gains taxes are currently determined by subtracting the original price of an asset from the price at which it was sold and taxing the difference without adjusting for inflation.For example, a stock purchased in 1990 for US$100,000 and sold today for US$300,000 would produce a US$200,000 capital gain. That amount, taxed at the top capital gains rate of 23.8%, would result in a tax bill of US$47,600. However, if the US$200,000 gain was trimmed to just US$103,000 by adjusting for inflation during the past 28 years, the tax bill would be US$24,514.“There has been a great deal of interest in this provision for a long time,” said a White House official who spoke on condition of anonymity to discuss internal policy deliberations. “Treasury is currently evaluating the economic impact and whether it can be achieved without legislation.”Indexing capital gains for inflation would reduce federal revenue by about US$102 billion over the course of a decade, according to the Penn-Wharton Budget Model. The Congressional Research Service has estimated that about 90% of the benefits would go to the top 1% of households.The New York Times and the Washington Post reported Tuesday that the proposal was under active consideration by the administration. It has long been supported by Larry Kudlow, head of the president’s National Economic Council. Mnuchin, however, has signalled caution in approaching the idea.Republicans, led by House Ways and Means Committee Chairman Kevin Brady, are leading an effort to extend and expand the US$1.5-trillion tax cut President Donald Trump pushed through Congress last December. But GOP lawmakers had mixed views on whether the administration could lower capital gains taxes without the approval of Congress.“I think they would need Congress to do that,” Senate Finance Committee Chairman Orrin Hatch, a Republican from Utah, told reporters.Sen. Susan Collins, a Republican from Maine and a key vote on tax issues, also panned the idea.“We just passed a major tax relief bill,” she said in an interview. “I don’t think this, or any other administration, has the legal authority to make that kind of change in our tax law.”But other Republicans welcomed the chance for further tax cuts.Sen. Pat Toomey of Pennsylvania, a chief proponent of lower taxes, said such the move would free up investment and “would be very good for the economy.”Cutting capital gains taxes was one of the few items on Republicans’ wish list that didn’t make it into their tax legislation last year.Mnuchin said in an interview with The New York times that if the capital gains change “can’t get done through a legislative process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that.” But he emphasized that he has not yet concluded that Treasury has the authority to act alone.“We are studying that internally, and we are also studying the economic costs and the impact on growth,” Mnuchin told the Times.Democrats vowed to oppose the change to how capital gains are taxed.“Once again, Republicans have exposed the true priorities of their tax scam: billions in tax breaks for the wealthiest at the expense of everyone else,” House Democratic Leader Nancy Pelosi said in a statement. “American families are drowning under the weight of stagnant wages, higher health costs and soaring prescription drug costs, but the GOP continues to pick their pockets to give more handouts to the wealthiest 1%.”In an interview in June with The Wall Street Journal, Mnuchin declined to speculate on whether Treasury has the legal authority to make the capital gains change on its own.Democrats in the Senate have urged Mnuchin not to take the step, saying Treasury does not have the authority. They pointed to legal opinions written by the Justice and Treasury departments in 1992 finding that Congress intended the word “cost” to mean the price paid in nominal dollars — without adjusting for inflation.Treasury acting on its own “would almost exclusively benefit the wealthiest Americans, add US$100 billion to the ballooning deficit, further complicate the tax code and ignore the need for congressional” approval, Sen. Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, and other Democratic panel members said in a letter to Mnuchin in May.“The US$100 billion price tag is a conservative estimate because it does not consider the abundant tax-sheltering opportunities that would arise,” the Democrats wrote. “Further, the proposal would fail American workers, investment and the larger U.S. economy.” Facebook LinkedIn Twitter United States Capitol, Washington DC valeriiiavtushenko/123RFlast_img read more

New work for Budj Bim sites

first_imgNew work for Budj Bim sites Works have started across the Budj Bim Cultural Landscape, as part of the Victorian Government’s support for the Gunditjmara Traditional Owners to protect and develop the land so more people can celebrate its history and cultural significance.The Victorian Government is investing over $12 million in the project, including $8 million through the Regional Tourism Infrastructure Fund, to improve the tourist infrastructure of the area. The government investment also contributed to Budj Bim’s successful bid in 2019 to become a UNESCO World Heritage listed site.The works include a new eel aquaculture and information centre, art installations, new raised walkways, a new cantilevered lookout, an upgraded information centre, entrance infrastructure, carparks and interpretive signage.Construction has started on all five project sites within the cultural landscape, including Tyrendarra Township, Kurtonitj, Lake Condah, Tyrendarra Indigenous Protected Area and Budj Bim.Budj Bim hosts the remains of over 300 Aboriginal stone houses – evidence of the Gunditjmara People’s permanent settlement in the area, as well as a sophisticated system of channels, fish traps and weirs used for farming eels. It is the only Australian site to be listed on the UNESCO World Heritage list solely for its Aboriginal cultural values.The new works follow extensive consultation with Traditional Owners over the past 18 months. The Regional Tourism Infrastructure Fund is designed to help grow and realise the potential of regional Victoria’s visitor economy which attracts more than 14 million domestic and international visitors every year. /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:Aboriginal, Australia, Australian, Budj Bim, Condah, Economy, Government, Gunditjmara, Indigenous, infrastructure, Investment, project, settlement, tourism, Tyrendarra, Unesco, Victorialast_img read more

Climate action needed from fashion and beauty industries to reduce emissions

first_imgClimate action needed from fashion and beauty industries to reduce emissions When most of us look at pictures from the past, it is style, more than anything else, that identifies the era.Whether it is frock coats, or flapper dresses, or pink punk hair.The fashion and beauty industries absolutely define each age.And today, we need your help to define this one, as the age when the world gets a grip of the climate crisis.The situation is absolutely critical.The world has dithered and delayed for far too long.We are heading for temperature rises of three degrees, with a real risk of higher warming.The science is very clear, that would mean catastrophe:Crop failures. More than a million species pushed into extinction. And entire countries lost to the seas.We simply must change course.And we know what we are aiming for.When the countries of the world signed the Paris Agreement in 2015, they committed to limit global temperature rises to two degrees.And aim to a rise of only 1.5 degrees.And that it is to avoid the worst effects of climate change.But because of those years of delay, to keep the 1.5 degree target within reach, we must now halve global emissions over the next ten years.Of course, this requires action from governments.And as President of the next UN climate conference, COP26, I am pushing our world leaders to respond with the urgency the crisis demands.But governments alone cannot sufficiently reduce emissions.That requires action across the real economy.We need business, we need investors driving companies, sectors, and the entire global economy towards its clean, green future.And action from the fashion and beauty industries is a really vital ingredient as well.Let’s take the fashion industry.According to Global Fashion Agenda and Mckinsey, worldwide, the industry produced over 2 billion tonnes of greenhouse gas emissions in 2018.That is 4 percent of total global emissions.That’s well over the annual emissions of France, Germany and the UK, combined. Put together.And, demand is on course to grow.Globally, clothing and footwear consumption is set to rise by 63 percent over the next ten years.So, I want to be frank: with today’s ways of working, the planet simply cannot take it.I want to be clear with you friends, this is not a dig at the industry in itself.As the owner of multiple identical white shirts, I cannot pretend to be a fashion follower.But I am a strong supporter of business. A very strong supporter.I was the Business Secretary in the UK government over the past year and, as a team, the UK government worked hard to support businesses through the Covid-19 pandemic.We supported lives and livelihoods.I certainly don’t want to curtail your industries. But I do want to see them move to even more sustainable ways of working.And that, ultimately, is better for your bottom line.I know that this is a growing movement within the sector, which is great news.From brands built on more sustainable ways of working.To innovations to reduce waste and increase the lifetime of garments:Now, whether that is fashion rental companies and repair services.Or big brands like Cos selling second hand pieces.By the way it is a favorite brand of both my daughters’, as well.All this is fantastic. But, for the sector as a whole, there is much further to go.Because, on the fashion industry’s own current trajectory, by 2030, its emissions will be almost double the level required to keep the 1.5 degree target within reach.The sector would miss the 1.5 degree pathway by 50 percent.So, we need a fundamental shift.Sustainability cannot be the preserve of certain brands or discreet collections.Nods to climate action are absolutely not enough.We need the whole sector to embrace the goals of the Paris Agreement.And to build clean ways of working into the heart of the fashion and beauty industries.What does this mean in practice?Most importantly, it means companies and investors joining the Race to Zero campaign.This is a United Nations campaign that commits you to reaching net zero emissions by 2050 at the latest.And, crucially, it requires short-term targets, based on science to take you there.So that net zero is not just some vague aspiration but a concrete plan.This is vital to the Paris Agreement.To keep the 1.5 degree target within reach, we need to reach net zero emissions by the middle of the century.So it is fantastic that well over 2000 companies have already signed up to Race to Zero.Including the likes of L’Oreal, Chanel, Artistic Milliners, Unilever, Natura and Co, Stella McCartney, and Ralph Lauren.You can join through initiatives like the Fashion Industry Charter for Climate Action.This is the principal route for the fashion industry to join.Other businesses can sign-up through the “Business for 1.5 degrees” initiative as well.And investors and financial institutions can join through the Glasgow Finance Alliance for Net Zero.The UK’s COP2 presidency will celebrate new recruits on social media.And I urge all companies and investors that have not yet signed up to absolutely do so.And if you are already on board, lobby others to join you, including through your trade associations.Signing-up is not only good for the planet.It is actually very good for business too.Consumers are increasingly concerned about the environment.More and more companies are joining the Race to Zero campaign.The transition to clean ways of working is, unfortunately, moving too slowly, but it is going in the right direction.And when a critical mass of firms have changed how they work, entire industries will shift.The default will change, and sustainable ways of working will rapidly become the norm.And if individual companies do not take action now, they risk being left behind.Trying to catch up with your competitors sailing ahead, into the clean, green future.So, please, act now.Sign up to the Race to Zero campaign.Move your business towards 100 percent clean energy through the RE100 campaign.Play your part in pushing fashion towards greater circularity.UK firms can sign up to the new Textiles 2030 initiative, for example.And, finally, please clean up your supply chains.This is vital in both fashion and beauty.Common cosmetics ingredients like palm oil, can drive deforestation.While McKinsey and Global Fashion Agenda estimate that 70 percent of fashion’s emissions come from supply chain activities like material production.So please, work with your suppliers to reduce impacts.Commit to eliminate deforestation from your supply chains.And use your purchasing power to drive change across the whole of the global economy.In short, do what you do. And define this age.Help to make this the era we get on track to make the goals of the Paris Agreement a reality.Fashion and beauty have shaped the world.Now you need to help save it.And I am counting on you. Indeed, the world is counting on you. Let’s make this happen, together.Thank you. /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:clean energy, climate change, climate crisis, environment, France, Germany, Government, greenhouse gas emissions, Paris, social media, supply chain, sustainability, UK, UK Government, UN, United Nations, zero-emissionlast_img read more

10 things to do this week: April 7 edition

first_img Published: April 7, 2015 Categories:Things to DoCampus Community Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mailcenter_img Ten things to do this week. This is a weekly column highlighting events on campus and in Boulder by Samuel Fuller, history major and resident event virtuoso.Monday‘s Game of Thrones premier was one to remember, with lines stretching around the UMC fountain area. A quick word of warning to those who went – no spoilers! Some of us were too busy dealing with our chocolate hangovers from Easter Sunday. This week, the campus’ attention turns to more pertinent and historical issues than those occurring in Westeros.Topics such as healthcare, immigration and many others are the focus of this year’s 67th edition of the Conference on World Affairs. While exploring and debating global issues, the 25th annual CU International Festival gives you an alternative opportunity to celebrate the diversity of our own campus, by showcasing cultural performances, foods and people from over 40 different nationalities.Wednesday, April 88-Ball Billiards Tournaments. Fancy yourself as the next Ronny White? Test your skills at The Connection’s monthly 8-Ball tournament. Sign up begins at 6 p.m. and the tournament begins at 7 p.m. Entry fees are $5 per person. The tournament will take place in The Connection at the UMC, More information on the tournament here.Conference on World Affairs. The 67th edition of this series is as exciting and busy as ever; panel discussions and distinguished speakers will debate current issues from Monday, April 6, until Friday, April 10. Events will take place in Macky Auditorium and the UMC Glenn Miller Ballroom. Click here for a full schedule. Some personal favorites include “Video Games as an Olympic Sport,” taking place on Wednesday, this should make for an interesting debate. As well as “Jon Stewart and the End of a Colb-era” taking place on Friday.Thursday, April 9April 2015 Blood Drive. The April Bonfils Blood Drive will take place from 9:30 a.m. to 3 p.m. in the Recreation Center. This is a fantastic opportunity for those able to give back and donate; blood donation being a key characteristic of modern healthcare, your donation has the potential to save someone’s life. Appointments can be made but walk-ins are also welcome. More information is available on the Events Calendar.The Story of Massive Stars. This week’s highlighted event at the Fiske Planetarium will take a look at the life of stars from birth to black holes, a vital and fascinating evolution that is the foundation of life on Earth and throughout the universe. This show will take place on both April 9 and 10; however, the Thursday showing is free for students with a valid Buff OneCard. Tickets are $7 for students and $10 for the general public on Friday. Tickets are available for purchase on the Planetarium Website.Friday, April 10Crafternoon.  The Women’s Resource Center is one of our campus’ greatest assets. They provide a safe and caring environment to join your fellow students in discussions, lectures, socializing and other fun activities. Join them this Friday for an afternoon of T-shirt and tank transformations. Crafternoon will take place from 2-3 p.m. in UMC 416, More information on the Events Calendar.Mario Kart Video Game Tournament. We all know someone who claims to be the ultimate Mario Kart player. Put their ego to the test this Friday at The Connection’s bi-weekly video game tournament. Enjoy this classic amongst your peers. There is a $5 entry fee and play begins at 7 p.m. More information is available on the Events Calendar.Jesus Christ Superstar. Yes, I’m sure he was. The Theatre and Dance Department wants to show you how this Friday in their version of the famed musical. This show will take place at the University Theatre and tickets start at $19. Commentators have praised this musical as one of the greatest of our age; CU’s rendition will be likewise as spectacular, Click here for tickets.Saturday, April 11CU International Festival 2015. Taking place in the UMC Ballroom, this year’s International Festival is set to be the best yet. By showcasing each country’s culture with booths, performances, food samples and interactive cultural activities, the International Festival gives you an opportunity to share your culture, traditions and heritage with the greater Boulder community. This one is not to be missed, and is free and open to everyone. Visit the Events Calendar and the Festival’s Website for more information.Sunday, April 12Spring Swing. Join the CU Concert Jazz Ensemble and two-time Grammy Award winning saxophonist Ernie Watts for a swinging return to the Big Band era. The program will feature music from the ensemble’s new recording, a tribute to the greatest bands and composers of the era, including Benny Goodman, Glenn Miller, Duke Ellington, Count Basie and more. This will take place at Macky Auditorium and begins at 2 p.m., tickets start at $10. Click here for tickets.Monday, April 13I Love Mondays. Join the UMC next Monday for an afternoon of fun; this week’s agenda includes state craft. This is an opportunity to get rid of those Monday blues by socializing and relaxing with your fellow students. I’m not one-hundred percent sure what state craft is, but regardless, it sounds fun! This event is free and a great way to start off your week. It runs from 2-3 p.m. in the North Dining Room on the first floor of the UMC. Click here for more information.As always, if you have any ideas or events that you would like to be included in future articles, feel free to email us at: [email protected] and don’t forget to check out all the great things to do at the CU-Boulder Events Calendar.last_img read more

GE Healthcare and Rockwell Automation collaborate

first_img Share Comments (0) Read Article Collaboration will help drug manufacturers improve efficiencies, get to market faster and deliver personalised medicines with innovative solutionsGE Healthcare and Rockwell Automation are combining their automation, IT and single-use solution expertise to build bioprocessing operations for the digital age. The two companies will help biopharmaceutical companies create flexible and scalable facilities of the future, focused on rapid response to market demands, streamlined production technologies and adaptable manufacturing environments. GE Healthcare has also joined the Rockwell Automation PartnerNetwork programme as an OEM partner to help drive a best-in-class distributed control system offering.Kevin Seaver, Executive General Manager, Bioprocess Automation and Digital, GE Healthcare, said: “As GE Healthcare and the healthcare ecosystem move toward precision health, flexible and scalable solutions are critical for companies to efficiently manufacture smaller batches of tailored medicines. Our collaboration with Rockwell Automation is an integral part of our strategy to confirm we deliver innovative solutions that meet the needs of the biopharma 4.0 era.”Fran Wlodarczyk, Senior Vice President, Architecture and Software, Rockwell Automation said: “Our collaboration with GE Healthcare will help make bioprocessing operations more agile. The facility of the future reimagines what’s possible in production of biopharmaceuticals. It uses connectivity, information, and modular equipment to create smaller-scale, more efficient operations. As GE Healthcare becomes a member of our PartnerNetwork programme, our joint work will help GE Healthcare bring the Connected Enterprise to life, so they can meet demands for more targeted drugs and get products to market faster.”GE Healthcare and Rockwell Automation can help companies:Gain greater efficiency with FlexFactory™ single-use equipment integrated with Figurate™ bioprocess automation that improves reproducibility, repeatability and compliance.Digitise batch files and processes to reduce review times by weeks and even achieve real-time reviews.Deliver instructions to workers with augmented reality to improve batch execution, operations, equipment setup and training.Automation improves operational efficiency with reduced production risk and streamlines workflows resulting in faster times to market. This collaboration leverages the combined expertise in single-use bioprocessing with deep automation and IT knowledge to turn data insights into productive outcomes. biopharmaceutical companiesFigurate™FlexFactory™GE HealthcarePartnerNetwork programmepersonalised medicinesRockwell Automation Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Add Comment GE Healthcare and Rockwell Automation collaborate The missing informal workers in India’s vaccine story By EH News Bureau on April 2, 2019 News Menopause to become the next game-changer in global femtech solutions industry by 2025 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Related Posts Phoenix Business Consulting invests in telehealth platform Healpha MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre”last_img read more