The governor said that it would be unwise to rule anything out, “particularly in these circumstances,” in an online question and answer session with the Financial Times. Bailey said that one of the main obstacles to cutting interest rates into negative territory would be the optics of the complex move. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp Harry Robertson Although once unimaginable, negative interest rates have been put in place in various central banks around the world over the last decade. The European Central Bank (ECB), for example, charges banks to hold money with it in an effort to force them to lend. 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!BleacherBreakerMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniorszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost FunThe Deadliest Snakes Ever Found On The PlanetPost FunGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousaBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider Bank of England governor Andrew Bailey has had a torrid time since he took over in March (Getty Images) Also Read: Bank of England ‘not contemplating’ negative interest rates, says governor Andrew Bailey Share His comments come after deputy governor Ben Broadbent said the Bank was open-minded about its next steps. He said of negative interest rates: “These are the balanced questions the committee has to think about.” Should the Bank decide to unleash more stimulus, most analysts think it will ramp up its £645 billion quantitative easing (QE) programme. Under QE, the Bank creates digital money and uses it to buy bonds – mainly government Gilts – in the secondary market. The Bank of England slashed its main interest rate to 0.1 per cent, its lowest ever level, in March. “I think from a communications point of view, and therefore from a reaction and expectations point of view, it is a very big step.” whatsapp Bank of England governor Andrew Bailey has said Threadneedle Street is not considering cutting interest rates to below zero. Yet he said: “It is not something we are currently planning for or contemplating.” Negative rates come with pros and cons. They help spur lending by penalising banks for sitting on money. But they also limit the profits banks can make through lending and the interest on savers’ deposits. The BoE stopped short of launching more bond-buying at its last meeting but could do so in June. Bank of England governor Andrew Bailey has had a torrid time since he took over in March (Getty Images) Also Read: Bank of England ‘not contemplating’ negative interest rates, says governor Andrew Bailey Bank of England governor Andrew Bailey has had a torrid time since he took over in March (Getty Images) Bank of England ‘not contemplating’ negative interest rates, says governor Andrew Bailey Thursday 14 May 2020 4:56 pm Show Comments ▼ He said it must be realised that negative interest rates cause banks problems. The Eurozone’s biggest banks have long complained that the policy hurts their profits.
whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekHero WarsThis game will keep you up all night!Hero WarsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplementzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Sunday 4 January 2015 11:22 pm Tags: NULL Show Comments ▼ THE CAR transporter ship The Hoegh Osaka has ran aground on a sand bank near Cowes, in the Solent. The 180m (590ft) vessel, which was leaving Southampton en route to Germany, ran aground on Bramble Bank on Saturday night. All 25 crew members were rescued and plans for the salvage of the ship, now listing 45 degrees, are underway. Share Express KCS More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com Cargo ship aground in the Solent
Carousel Logistics has appointed Nigel Ward (pictured above) as its new chief financial and corporate development officer.Mr Ward joined from business services provider Kindertons and takes on responsibility for its financial reporting and strategic investment relationships across Europe, which will include “expanding the company, and its European proposition, through both organic growth and acquisition opportunities”.Carousel CEO Graham Martin said: “Nigel is a highly-experienced CFO whose credentials are ideally suited to Carousel. His strong track-record in fast-growth, PE-backed organisations, combined with his tenacity for adding real value, makes him the perfect candidate.“We’re at a critical stage in our ambitious growth strategy; a strategy driven by an ever-increasing demand for service-driven logistics. It’s more important than ever that Carousel continues to extend its network and enhance its capabilities across Europe, in order to meet this growing demand.Mr Ward has over 20 years’ experience in senior financial positions at a range of firms including GE Capital and TDG.He said: “I’m stepping into a company with huge market potential which, as CFO, is immensely exciting. The demand for service-logistics is at an all-time high so, my aim is simple – to progress the business vision and build upon its solid foundations to achieve our goal of becoming the number-one logistics provider in Europe.” By Gavin van Marle 14/02/2020
Related: Related: Heymann found an article published in the journal Parasites and Vectors by Ricardo Maggi, co-director of the Intracellular Pathogens Research Laboratory at North Carolina State University School of Veterinary Medicine, and colleagues that addresses these striae. Heymann dismissed their work. Although he acknowledged that no one knows what causes these marks, he conjectured that they occur “when excessive stretch overwhelms the dermal integrity of the skin, resulting in a wound‐type response with abnormal and/or incomplete repair.” Not exactly a power of yet response.Maggi works with Ed Breitschwerdt, a doctor of veterinary medicine and the man I call the Bartonella guru. He has been studying Bartonella since the death of his father and, more recently, the death of his mother, both likely from Bartonella infections. Breitschwerdt calls Bartonella a “stealth” pathogen. He and others working to understand tick infections have learned that individuals infected with Bartonella exhibit red striae, now referred to as Bartonella tracks. They don’t know why — yet.Heymann overlooked the work of Marna Ericson, an assistant professor of dermatology at the University of Minnesota School of Medicine, who is also trying to determine what causes these tracks in people infected with Bartonella. Her research began when her son developed them. (Ericson happens to be the second author on the Maggi paper that Heymann targeted.)The dermatopathologist invoked Koch’s postulates, four criteria that scientists use to identify agents that cause disease, to dismiss Bartonella as a cause of the stretch marks. “Even if confirmed by other studies, an association does not equate with causation — this was not a fulfillment of Koch’s postulates,” he wrote.Not so fast. Breitschwerdt, who has written about the limitations of Koch’s postulates, says it is difficult to apply them when “attempting to attribute disease causation to stealth pathogens that can induce chronic, slowly progressive disease manifestations in an animal or human patient.” The postulates also don’t let researchers “readily address environmental, nutritional, genetic and other relevant factors that influence disease causation and do not consider the pathogenic complexities induced by sequential or simultaneous infection with more than one pathogenic microorganism.” I believe in the power of yet. Doctors should, too, especially the one who used my daughter’s “case” as grist for a short-sighted article without her permission.The power of yet is a concept promoted by Stanford psychologist Carol Dweck as part of her research on the differences between growth and fixed mindsets. It tells us that there is always room to learn and to grow through practice, discovery, and research. There is — or at least there should be — a lot of “yet” involved in medicine, especially when it comes to diagnosing and treating tick bites.Back in 2008, my daughter and I were apprentice bird banders. We were both bitten by ticks in the woods around Hopewell, New Jersey, despite taking precautions. I was lucky enough to get the classic bull’s eye-rash, suggesting that I had Lyme disease. She pulled two ticks from her abdomen that were not engorged and had been attached for less than eight hours.advertisement Sue Ferrara Can a new Lyme disease vaccine overcome a history of distrust and failure? Trending Now: [email protected] Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson About the Author Reprints Tags infectious diseaseresearch The ‘Swiss Agent’: Long-forgotten research unearths new mystery about Lyme disease By Sue Ferrara March 4, 2020 Reprints Frustrated by Heymann’s dismissal, I posted a photo of my daughter’s sores (with her permission, of course) to an Internet discussion group I belong to called “MMI: Microbes and Mental Illness.” This 20-year-old closed group, funded and moderated by Robert Bransfield, a New Jersey psychiatrist, has 750 members from 20 countries: psychiatrists and other physicians, nurses, other clinicians, and researchers interested in understanding the association between microbes and mental illnesses.One of the MMI members, a nurse practitioner who treats a large Amish population in Pennsylvania, suggested that my daughter be tested for Francisella tularensis, a species of bacteria that causes tularemia (also known as rabbit fever), since her sores resembled those she saw in hunters who spend time in the woods. Sure enough, my daughter tested positive for it. And sure enough, tick bites are one way this pathogen can be transmitted.What I hope readers, especially Warren R. Heymann, take away from this essay is that the power of yet is an inherent concept in the “practice” of medicine. Doctors must be open to new knowledge, absorb it, and synthesize it.Physicians dismissed Joseph Lister when he came to America to talk about sterile surgeries, though he was right. They dismissed Ignaz Semmelweis when he suggested that physicians change their clothes and wash their hands before delivering babies and he, too, was right.The fashion today is to dismiss those trying to understand illnesses for which we don’t have answers, like tick-borne infections, as Heymann did. But when he wrote, “it must be acknowledged that the concept of these chronic infections is controversial,” he was on to something. Chronic infections caused by tick bites are controversial only because we don’t completely understand them — yet.Sue Ferrara, Ph.D., a former researcher and editor for ABC News, is an elected school board member in New Jersey, where she learned about the power of yet. She is writing as a private citizen. Fast forward 10 years to an appointment with Warren R. Heymann, a New Jersey dermatopathologist, to get a better understanding of, or diagnosis for, my daughter’s condition. After he completed his examination, he suggested that she come back for a second visit when she had a fresh sore so he could biopsy it; otherwise, he had nothing to offer.The red lines in the left photo appeared soon after the author’s daughter was bitten by ticks. They gradually faded to white lines that resemble stretch marks. Courtesy Sue FerraraBefore we left his office, I pointed out the long white lines behind my daughter’s knees, lines that look like the stretch marks that women often see during and after pregnancy.I tried to employ the growth mindset, the power of yet approach. “See these marks?” I asked Heymann, pointing to the white lines — technically called striae — that had appeared years before as angry red streaks. I told him that such lines are commonly seen in people with bartonellosis, a variety of diseases caused by infection with Bartonella, a group of bacteria transmitted by ticks, fleas, and other vectors.I could tell almost immediately that he dismissed what I was saying.I didn’t know quite how much he dismissed what I had said until his two-year old essay, “Striae Due to Bartonella is a Stretch” recently landed in my email inbox. My power of yet approach had no effect.“The story he told sounded like it could be you and your daughter,” a friend wrote. It was. In the article, Heymann recounted our conversation about my daughter, which had occurred just two weeks before he published his opinion piece in “DW Insights and Inquiries,” an online publication of the American Academy of Dermatology. (He didn’t ask permission to use this example. I tried to submit a rebuttal to the American Academy of Dermatology, but its journals seem to accept submissions only from members.) First OpinionDoctors need to embrace the ‘power of yet’ @sue_ferrara We both took antibiotics for four weeks. I got better. She has been sick ever since: mostly bedridden for two years, she lost weight, lost hair, and developed postural orthostatic tachycardia syndrome — an uncomfortable rapid increase in the heart rate when standing up after sitting or reclining. Open sores periodically erupted on her legs and then mysteriously disappeared, which were dismissed as nothing by her primary doctor and two dermatologists.I stepped away from working as a researcher and news editor to become her caregiver. I put my Ph.D. to work to find the right doctors and treatment protocols, though the well was pretty dry.advertisement Adobe
Your money or else: Some drug makers could be ‘highly’ susceptible to ransomware attacks About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Ed Silverman What is it? Pharmalot @Pharmalot Log In | Learn More By Ed Silverman May 18, 2021 Reprints 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. [email protected] 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. Tags pharmaceuticalsSTAT+ Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED APStock What’s included? GET STARTED The latest high-profile incident of a ransomware attack caused one of the biggest gas and fuel suppliers in the U.S. to close its East Coast pipeline for several days, a worrisome reminder that each industry remains vulnerable to cyberattacks. And not surprisingly, pharmaceutical companies also are easy targets, according to a new analysis.To wit, nearly 10% of drug makers are “highly” susceptible to a ransomware attack and 43% of the industry’s data management vendors are likely to incur such an attack. And almost half of 200 drug companies have more than 1,000 employees whose user names and passwords were exposed on the deep web in the last 90 days, according to Black Kite, a cybersecurity consulting firm.
AdvertisementHoup told deputies it happened when the man was teaching her how to aim a shotgun and it accidentally fired hitting him in the right knee. The 42-year-old stuck to that story with investigators. The man told detectives at the hospital that Houp had shot him during an argument and told him it was a “warning shot” after shooting him, according to the arrest report. The man had ‘birdshot’ shotgun wounds in his right leg along with a broken femur. AdvertisementTags: Kneeshooting Ex-wife of Palm Beach Publix killer responds to sheriff’s criticism June 16, 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 Advertisement RELATEDTOPICS Deputies investigate overnight shooting in Golden Gate June 10, 2021 Woman shot outside Naples Waffle House June 16, 2021 Advertisement Houp admitted to deputies that she drank four alcoholic drinks before the shooting and was taking diabetes medication. She was arrested and taken to the Naples Jail. 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 NAPLES, Fla. – A Naples woman was arrested Tuesday for allegedly shooting a man in the kneecap then saying it was a “warning shot.”Kadena Houp, 42, is facing a charge of aggravated battery with a deadly weapon after a man reported she had shot him in the knee during an argument, according to the Collier County Sheriff’s Office.Deputies responded to a home on 11th Street SW in Naples just after midnight on Monday after a caller reported an accidental shooting.Authorities found a man had been shot in the knee with a shotgun. The man was immediately transported to North Collier Hospital, deputies said. Two teens arrested in Cape Coral shooting investigation June 16, 2021
Malcolm Morrison The Toronto stock market gave up early solid gains to close lower Friday as traders increasingly nervous about the future of the eurozone reduced exposure ahead of the Victoria Day long weekend. Facebook’s debut as a public company had helped overshadow news out of Europe, at least temporarily. TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors Related news S&P/TSX composite hits highest close since March on strength of financials sector Facebook LinkedIn Twitter Facebook started trading on the Nasdaq Stock Market with great fanfare late in the morning and an initial public offering price of US$38. It closed at $38.23 after going as high as $45. The S&P/TSX composite index slipped 50.04 points to 11,280.64 as prices for oil and copper hit fresh multi-month lows and worries about eurozone banks pushed bank stocks lower. The TSX Venture Exchange was off 0.2 of a point to 1,227.88. The pessimistic mood on markets sent the TSX tumbling 3.54% this week, leaving the market about 1,000 points or 8.5% just from the beginning of this month to its lowest level since last October. The Toronto Stock Exchange is closed for holiday Monday, but U.S. markets are open. The Canadian dollar lost ground amid lower commodities and data that showed that inflation was slightly higher in April. The commodity-sensitive loonie lost 0.17 of a cent to 97.96 cents US as Statistics Canada said that Canada’s annual inflation rate rose to two per cent in April, from 1.9% the previous month. The loonie has lost about three and a half US cents this month as tension over Greece sent traders to the safe haven status of U.S. Treasuries and away from riskier assets such as commodities and resource-based currencies such as the Canadian dollar. “Certainly, there is a very high level of uncertainty that continues to be manifested in extremely high cash levels,” said Robert Gorman, chief portfolio strategist at TD Waterhouse. “I think a lot of people feel that (they’re) only getting a per cent in cash and that’s fully taxable. So yes, (they’re) losing ground against inflation but maybe (they feel) that is the best option given what else is going on.” U.S. markets were negative at the end of a bruising week. The Dow industrials dropped 73.11 points to 12,369.38. The Nasdaq composite index declined 34.9 points to 2,778.79 and the S&P 500 index faltered by 9.64 points to 1,295.22. The energy sector maintained a gain of 0.2% as the June crude contract gave up early gains to move down $1.08 to US$91.48, its lowest level since the end of October. Canadian Natural Resources (TSX:CNQ) gained 19 cents to $29.95. And the June bullion contract was ahead $17 to US$1,591.90 after hitting its lowest close since last July on Wednesday. The TSX global gold sector ran up about 0.75% and Agnico Eagle Mines (TSX:AEM) rose 36 cents to $36.97. But the base metals component gave back 0.4% as July copper dipped one cent to US$3.47 a pound, levels last seen in January. HudBay Minerals (TSX:HBM) climbed 16 cents to $8.38 while Teck Resources (TSX:TCK.B) lost 60 cents to $29.45. Worries about eurozone banks sent the financials sector down 0.82%. Royal Bank (TSX:RY) fell 26 cents to $51.70. Investors Group, which is part of IGM Financial (TSX:IGM) and the Power group of companies, says it will reduce the management fees it charges on many of its products, starting in July. Investors Group will reduce its management fees by up to 0.4% per year and adds the reductions will affect about two-thirds of the funds it offers. IGM shares slipped $1.11 to $40.45. There were plenty of negative developments in the eurozone to fret over at the end of the trading week. Ratings agency Moody’s Investor Services downgraded 16 Spanish banks Thursday as they face a rising tide of bad loans linked to Spain’s recession, a gloomy real estate market and high unemployment. Spain’s central bank said Friday that the level of bad loans on the books of the country’s banks has risen to an 18-year high. The nervousness about Spain’s banks comes as the eurozone financial crisis intensifies. Political turmoil in Greece has increased the likelihood that it could leave the 17-country monetary union, a move that could have ripple effects throughout Europe and the world’s financial markets. Greeks go back to the polls June 17 after an election May 6 proved inconclusive. There are concerns that parties campaigning for an end to the austerity measures that secured vital bailouts will be in a stronger position after the vote. Depositors have also been pulling their funds out of Greek banks. People fear the country’s financial sector might collapse if Greece left the eurozone and that their savings would become worthless if the country started using a substantially devalued new currency, such as the drachma. “People are getting pretty nervous,” added Gorman, “because if a new Greek government were to determine that they’re not going to be part of the (eurozone) going forward, and hence don’t use the currency, well how much would a new drachma be worth? So people are withdrawing euros.” Share this article and your comments with peers on social media Keywords Marketwatch
Keywords EnforcementCompanies Commodity Futures Trading Commission PwC alleges deleted emails, unusual transactions in Bridging Finance case Related news The regulator said the firm failed to meet its supervisory obligations, “which resulted in hundreds of unlawful trades and other violations” from late 2011 through May 2017.In particular, the CFTC’s order found the firm engaged in “at least 385 noncompetitive, fictitious, exchange-for-physical-wash transactions” in an effort to cost-effectively move positions between its internal accounts.The CFTC says that the firm’s traders believed that the exchange allowed these transactions, and they sought guidance from a compliance officer to ensure that the trades were appropriate, “but the officer did not respond, follow up with the exchange, or provide any formal training until at least May 2015.”The regulator’s order also detailed other supervisory lapses, and noted that the firm failed to file timely reports, to disclose material non-compliance issues to the CFTC, and to maintain and promptly produce required records to the CFTC.“The order finds that the CFTC expended considerable resources trying to obtain information and timely compliance with its subpoenas from RBC and RBC [Capital Markets],” it said. James Langton Mouth mechanic turned market manipulator flynt/123RF Share this article and your comments with peers on social media A unit of Royal Bank of Canada (RBC) is paying US$5 million to settle allegations with U.S. derivatives regulators that supervisory shortcomings at the firm enabled illegal trades.The U.S. Commodity Futures Trading Commission (CFTC) settled with RBC Capital Markets LLC, which will pay a US$5 million penalty and agree to cease future violations of the CFTC’s rules. BFI investors plead for firm’s sale Facebook LinkedIn Twitter
RelatedFinal Proposal on IMF Loan Facility from Finance Ministry by Next Week RelatedFinal Proposal on IMF Loan Facility from Finance Ministry by Next Week FacebookTwitterWhatsAppEmail Prime Minister, the Hon Bruce Golding has indicated that by next week, Cabinet will have the final proposal from the Ministry of Finance for a stand-by loan facility with the International Monetary Fund (IMF).Speaking yesterday (August 3), at a special press briefing at Jamaica House, Mr. Golding said the Government has been meeting with the Opposition, as well as various leaders from the private sector, and trade unions, as it seeks consensus, before signing off on a Letter of Intent for the IMF.The Prime Minister pointed out that any arrangement with the Fund meant that adjustments would have to be made in the economy, in order to ensure that the country received maximum benefit.Mr. Golding noted that one advantage of this type of arrangement was that the country could get the support it needed over that period of adjustment, “so that some of your vitals don’t fall out; for example, you can pay for the oil when it arrives at the dock, secondly it opens the doors of not only other multi lateral institutions, but commercial institutions when they are back in business.”Meanwhile, President of the Co-operative Republic of Guyana, Bharrat Jagdeo, who also addressed the briefing, gave an insight into his country’s experience with the IMF.He explained that in its 11-year relationship with the IMF, Guyana had received some US$2.5 billion in debt relief, and was bouncing back from having one of the worse debt to Gross Domestic Product (GDP) ratios in the world, at 750 per cent. “We were using 94 per cent of revenue to service that external debt. We now have a debt overhang of 47 per cent of GDP, down from 750 per cent, and we are using about 4.8 per cent of revenue to service that debt, one of the lowest in the region. Because we have removed that debt, we can now spend much more on health, education, and our capacity to address crises,” he said.The President, who arrived in the island on July 31 for a five-day working visit, also offered his country’s support to Jamaica. “I have seen the evolution (of the IMF) and whatever we can do to share our experience, we are prepared to do that with your people, so that you can negotiate the best possible agreement for the future,” he said.The Government is discussing a US$1.2 billion stand-by loan facility with the IMF, to enable the country to meet its external commitments. It is expected that at least US$400 million of the facility will be available up front. Final Proposal on IMF Loan Facility from Finance Ministry by Next Week Finance & Public ServiceAugust 4, 2009 RelatedFinal Proposal on IMF Loan Facility from Finance Ministry by Next Week Advertisements
Change of Her Majesty’s Ambassador to Croatia Simon Thomas Mr Simon Thomas OBE has been appointed Her Majesty’s Ambassador to the Republic of Croatia in succession to Mr Andrew Dalgleish, who will be transferring to another Diplomatic Service appointment. Mr Thomas will take up his appointment during July 2021.Curriculum vitaeFull name: Simon Derek ThomasMarried to: Kristina ThomasChildren: One daughter and one sonDatesRole2020 to presentFull-time Language Training (Croatian)2019 to 2020Royal College of Defence Studies2016 to 2019Harare, Deputy Head of Mission2013 to 2015FCO, Head, Intelligence Policy Department2009 to 2013Buenos Aires, Deputy Head of Mission2006 to 2009New York, First Secretary, UK Mission to the United Nations2003 to 2005FCO, Head, Russia Section, Eastern Department2002 to 2003Cabinet Office, Desk Officer, Counter-Terrorism2002Brussels, First Secretary, UK Representation to the European Union2001New York, Second Secretary, UK Mission to the United Nations1998 to 2001Warsaw, Second Secretary1997 to 1998FCO, Desk Officer, Russia, Eastern Research Group /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:Brussels, Buenos Aires, Croatia, Defence, Eastern, Europe, european, European Union, Government, Harare, New York, Russia, UK, UK Government, United Nations, Warsaw, York