Labouring to create more job prospects

first_imgWith low unemployment and high vacancy levels in many occupational groupings, it might seem strange that Training & Enterprise Councils (TECs) in north Wales and Cheshire worry about a relative lack of success in attracting inward investors. But they do.One reason for their concern is that the assisted area status of much of the region may change soon. Another reason is that several of the local economies seem to be performing below their potential, given the existing industrial structure. This is troubling at a time when the growth rate of the national economy is slowing and export markets are under renewed pressure.Assisted area status Most of Anglesey and the Wirral have development area status. Gwynedd, Flintshire, Wrexham and much of north and west Cheshire have intermediate area status. The definition of these areas may change early this year, in readiness for the new European Union designations of regional aid that come into force in January 2000.While Merseyside, including the Wirral, looks likely to retain its eligibility for maximum aid, other areas may well be downgraded.Between 1986 and 1995, the north-west region, which accounts for 14% of the UK GDP, attracted 11.5% of the inward investment by value from overseas. The region feels that it has lost out to Scotland and Wales, both of which have attracted shares of this inward flow well above their share of national output. Regional aid expenditure in the north-west was £24m in 1995-96, compared with £117m in Scotland and £98m in Wales.Within the region, the prime beneficiary of jobs created by inward investors has been Greater Manchester. Between 1986/7 and 1996/7, it accounted for 45% of the total compared with 29% for Cheshire and 17% for Merseyside.Within Cheshire, the prime benefit has been experienced in the Warrington area in the north of the county. Chester has received only 4% of the projects, while the Wirral and Ellesmere Port have attracted less than 4% of the regional total, with a limited number of small investments by companies in the manufacturing industry.In north Wales, projects have gone to the east rather than the west of the region. Inward investment in Wrexham and Flintshire has contributed strongly to the employment increase in north-east Wales of more than 15,000 jobs since1985. In these areas, there is a desire to retain this momentum, particularly in the manufacturing sector.Recent projects have included an expansion by the Japanese lens manufacturer Hoya, in Wrexham, and an investment in car components manufacturing by Baumeister and Ostler.Industrial performance If the change in employment or output of a local economy over time is compared with changes in the national economy on a sector-by-sector basis, then it becomes possible to distinguish an ‘industry effect’ on the overall strength or weakness of the change, from a ‘local effect’. This is a relatively crude way of seeing whether a local economy is performing well or poorly, on the basis of how each local industry is doing against a national standard.The results have to be interpreted with care. The local industry may not fit the output mix of the sector nationally. A slow growth in employment in an industry locally, compared with the national growth rate, may be due to a successful performance in raising labour productivity that causes output to grow more strongly than employment.Given the caution, it is interesting to note that, while the negative growth in employment in the north-west between 1991 and 1995 was more than twice the rate of decline experienced nationally, more than two-thirds can be attributed to a local or regional effect, rather than the region’s industrial structure.Attracting inward investors Areas such as west Cheshire and north-west Wales look to inward investment to introduce a stronger representation locally of employment sectors that are growing strongly, nationally and internationally.In both areas, the evidence of new firm formation and the growth of smaller enterprises shows relative weakness. So it is difficult to encourage local economic expansion to be home-grown, even with the many policy aids that are available in both areas.At the same time, west Cheshire and north Wales suffer disadvantages in the competition for mobile investment, even with government regional aid. The skill base, for example, is poor. This is especially true among manual grades of worker.In terms of infrastructure, the local provision has improved vastly compared with 20 years ago. Port and airport facilities are good in Liverpool and Manchester. However, the road links with the rest of the country are getting worse. They suffer from heavy congestion, although the north Birmingham relief road will greatly help access to London, the south-east and the Channel ports. And, along with the rest of the north-west region, the areas share the limitations of the west coast main rail line.More tenuously, the external perception of the areas is not very positive compared with other locations an inward investor might consider. The town of Chester is the notable exception to this. It could be the marketing bridge to build on for the whole area.last_img read more

Mikel Arteta views Luka Jovic as Arsenal’s potential target man

first_imgLuka Jovic has struggled to make an impact at Real Madrid (Getty Images)But according to the Daily Star, Arsenal are prepared to make their move if Madrid are willing to let Jovic leave on loan.The report claims that Arteta views Jovic as the striker who can ‘confidently’ lead Arsenal’s attack as a ‘target man’.AdvertisementAdvertisementChelsea and Tottenham are also interested in the 22-year-old.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityLast week, Rio Ferdinand urged Arsenal to avoid signing Jovic and target new centre-backs instead.‘I think he’s someone who can add something to Arsenal.‘But I don’t believe Arsenal need a player in that position.‘Arsenal need centre-halves, get Arsenal a centre-back. Come and ask me and I’ll find you the right centre-backs who can go there.‘They need centre-halves who can defend and who can actually play as well.’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Comment Mikel Arteta views Luka Jovic as Arsenal’s potential target man Advertisement Advertisement Metro Sport ReporterWednesday 8 Apr 2020 9:41 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link6.4kShares Arsenal are in the race to sign Luka Jovic (Getty Images)Arsenal are targeting a move for Luka Jovic with Mikel Arteta keen on the Real Madrid striker, according to reports.The Gunners could be in the market for a new striker this summer with Pierre-Emerick Aubameyang’s contract due to expire next year.Jovic, meanwhile, has struggled to make an impact since joining Madrid for £52.4 million last summer.The Serbia international has scored just two goals in 24 appearances so far for Madrid.ADVERTISEMENTlast_img read more

DNB sees gradual, lasting economic impact from stress test shocks

first_imgThe year-on-year impact of a financial market shock on the Dutch economy through the country’s pension funds would be limited, but felt for many years, the Dutch regulator has said on the basis of the latest stress test of European pension funds by supervisor EIOPA.DNB implied the financial market shocks would have a disproportionate impact on the Dutch economy and pension funds because of the relatively large pensions sector in the Netherlands.In the stress test EIOPA assessed the impact of a highly adverse scenario consisting of significant falls in equity markets and rapidly rising spreads.New in the stress test was the elaboration of the cashflow analysis – showing the value of benefits, including indexation and rights cuts, participants would receive annually during the coming 100 years. The analysis had been requested by DNB and the Dutch Pensions Federation. DNB explained that under the scenario, the effect of pension funds refraining from offering inflation compensation and making rights cuts would only become clear gradually.It said that, in the very negative scenario, disposable income could drop by 4% and could lop off 0.5% of GDP.DNB added that the losses incurred during the financial crisis in 2008 had attributed to the slow economic recovery in the Netherlands, as a consequence of the scale of the Dutch pensions sector, which has €1.4trn in assets.EIOPA’s stress test focussed on a sharp decline of securities – including equities and real estate – slightly higher interest rates as well as rapidly increasing risk premia, while assuming that “safe haven investments” kept their status.DNB attributed the hit to Dutch pension assets in such a scenario to schemes’ large portfolio of variable yield investments maintained to fund indexation.It said that funding at the pension funds that participated in the stress test exercise would drop by 23 percentage points on average, which roughly equates to schemes’ required financial buffers.As most pension funds – with a funding of 99% on average – lack these reserves, the stress scenario would immediately lead to large rights cuts, according to the Dutch watchdog.The stress test also showed that assets of Dutch low cost defined contribution vehicles (PPI) would drop almost 30%, mainly as a result of the equity stress.Because of their relatively young participant population, PPIs have a relatively large portfolio of variable yield securities, such as equity.The Dutch pension funds that participated in the stress test were civil service scheme ABP, healthcare pension fund PFZW, the metal schemes PME and PMT, as well as the pension funds for the building industry (BpfBouw) and the retail sector (Detailhandel), and ABN Amro.Together, they represented 60% of total pension assets and participants in defined benefit arrangements in the Netherlands.last_img read more

NBI files murder raps vs PCSO board member Sandra Cam

first_imgMANILA – The National Bureau ofInvestigation (NBI) has slapped Philippine Charity Sweepstakes Office (PCSO)board member Sandra Cam with murder charges over the death of a vice mayor inMasbate town last year. Philippine Charity Sweepstakes Office board member Sandra Cam is tagged in the death of Batuan, Masbate vice mayor Charlie Yuson III in Sampaloc, Manila last Oct. 9. She denied involvement in the incident which also injured two other men. GMA NEWS Cam is being pointed as the one who hasa motive in killing Yuson III as his son, Charmax, had won the mayoralty raceover Sandra’s son, Marco. Cam has vehemently denied being the suspect. Aside from Cam, the NBI’s deathinvestigation division also sought the prosecution of her son, Marco MartinCam; Nelson Cambaya; Junel Gomez; Bradford Solis; Juanito de Luna; and Rigordela Cruz. The NBI named Yuson’s widow, Lalaine;Charlie, Yuson, Jr., and Rufino Alforte as complainants. “It is so unfair that our family isbeing dragged into this, we’ve moved on from that election,” Cam saidbefore. “Me and my son had nothing to do with that ambush of Vice Mayorand OIC Mayor of our town, Batuan,” Cam was charged with murder andfrustrated murder in the death of Batuan, Masbate vice mayor Charlie Yuson III inSampaloc, Manila last Oct. 9. She has previously denied involvement in theincident, which also injured two other men. Yuson, Wilfredo Pineda and AlbertoAlforte were having breakfast when they were shot. Pineda and Alforte meanwhilewere injured and were taken to the University of Santo Tomas Hospital fortreatment. “As a mother, I sympathize with thebereaved family [pero] hindi po totoo na politically motivated ‘yan. Wait for the investigation toroll, huwag muna sana tayong gumawa ngmga speculation,” she added./PNlast_img read more

Service group plans Homecoming event

first_imgAt the Homecoming football game this year, game day visitors can expect to see several large milk jugs, passed around the Coliseum by volunteers to collect donations to send local elementary school students to camp.Photo courtesy of Andrew Sonnabend We can do it · Volunteers at the 2015 Pass the Can event, Troy Camp’s annual fundraiser, raised enough money to finance the summer camp, which draws 200 elementary school children each summer.The fundraiser is an annual tradition of Troy Camp, one of USC’s oldest and largest student-run philanthropic organizations, which provides long-term mentorship for students in South Los Angeles.All donations made during the fundraiser, known as Pass the Can, are used to help Troy Camp raise the funds necessary to host its annual summer camp for more than 200 elementary school students from 20 different schools in the Los Angeles Unified School District.While the Pass the Can fundraiser goes on, Troy Camp also hosts a kids’ event at the game for the 200 students that went to camp the previous summer.Andrew Sonnabend, executive director of fundraising for Troy Camp, said that events like this fundraiser help foster long-term mentorship in the students that attended camp, and it helps them to reconnect with their friends and counselors from last year’s camp.“Pass the Can has been a crucial part of the USC community for many years,” Sonnabend said. “For a whole football game, we are able to raise funds to allow local students to be kids. Past Pass the Can directors always say their best time at the event is standing on the field looking around seeing the smiles on the faces of the kids who are going to their first football game and seeing a whole crowd of USC students, alumni and fans who are taking their time to support these students.”Sonnabend also emphasized the importance of hosting events to fundraise for local students to have the opportunity to be part of the Trojan Family.“The mission of this event is to not only raise funds for campers to attend camp, but we also take many campers to their first football game and we act as a bridge between the USC community and the local community,” Sonnabend said.Kelly Pascual, a member of Troy Camp, attended the organization’s summer camp as an elementary schooler and said that she appreciates the chance to be part of the organization as a college student.“Pass the Can is a great fundraiser that raises money to send kids to camp and has kids at the event that are able to watch the game as well,” Pascual said. “Having been in Troy Camp in elementary school, I know the impact it had on the kids that go through the program because of the dedication of the counselors.”Pass the Can will take place during the USC vs. Oregon Homecoming game on Nov. 5. Volunteers will receive a free t-shirt, Yogurtland coupon and a game ticket. Volunteers can sign up for the event on Troy Camp’s website.last_img read more

£1m ‘third party’ punter dispute heading to court

first_imgShare StumbleUpon A case which could have major repercussions for the industry and how its terms and conditions are viewed in a legal sense has been given a date in court.The dispute between UK bookmaker, bet365 and Megan McCann, a racing bettor who is claiming £1,009,960 in unpaid winnings from the Stoke based bookmaker, will go to court on 13 November 2018. McCann, who was a 19 year old student when the bets were placed, made 12 selections, spreading bets across 960 £13 each way Lucky 15s on meetings at Bath, Kempton and Naas, the total stake of which amounted to £24,960. Her bets resulted in winnings £984,833, however, the operator has declined to pay the punter, underlining its belief that the bets had been placed by a third party, something it described it as a “flagrant breach” of its terms and conditions. A spokesman for bet365 stated: “A full investigation has been carried out into the circumstances of the bet that was placed. Bet365 is entirely satisfied the circumstances are such that winnings are not payable in relation to it. We expect this position to be upheld at trial. We are not prepared to comment further whilst litigation is ongoing.”As originally reported by the Telegraph, McCann has continued to deny that she agreed to the “no third party rule” in bet365’s terms and conditions, which McCann’s legal team claimed are “too lengthy, too complex and much too vague for the average customer to understand”.An initial response to the dispute from bet365’s lawyers said: “You claim that this dispute is simply about your client placing a bet; and being entitled to winnings. This is wrong. it is a case in which your client has been operating the account… using the funds of and for the benefit of third parties, in flagrant breach of our client’s terms.“Our client has reasonable grounds to suspect your client to be guilty of criminal offences including fraud by false representation; cheating or attempted cheating.”McCann has hired lawyer Andrew Montague, who is renowned within the gambling industry, after the case of Irish bettor Barney Curley. The similarities between that case and this one, led to Montague describing himself as being in “something of a ‘déjà vu’ scenario”.Curley’s case dates back to 2010, when relatives of the Irish trainer placed a four fold on horses, three of which were trained by Curley, after a long running dispute between Curley and Betfred, Montague helped Curley earn a £3.9m payout from Betfred. Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 Related Articles Betfred extends World Snooker Championship deal until 2022 August 17, 2020 Share Betfred boosts US racing coverage with XB Net deal renewal August 10, 2020 Submitlast_img read more

Angels at White Sox: Thursday game time, TV channel, starting pitchers

first_imgTHE PITCHERSANGELS RHP BUD NORRIS (2-6, 4.42)vs. White Sox: 1-3, 4.64At Guaranteed Rate Field: 1-1, 2.79Hates to face: None ANGELS at WHITE SOXWhen: 5 p.m.Where: Guaranteed Rate FieldTV: Fox Sports West Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img Loves to face: NoneWHITE SOX RHP DYLAN COVEY (0-7, 7.83)vs. Angels: First gameAt Guaranteed Rate Field: 0-1, 4.70Hates to face: NoneLoves to face: Nonelast_img

Whicker: Kobe Bryant grew up before our eyes and kept us on our toes

first_imgHe was in touch with today’s stars. He called Kyrie Irving his “little brother,” and Irving left a Nets-Knicks game in tears on Sunday. He consistently studied the WNBA: “A beautiful game. The men’s game gets enough attention.”When he did comment on the NBA he did not sit in a studio and riff. He got down to the bones of the game with his “Detail” series, on ESPN.There’s nothing wrong with spending your retirement years broadcasting or making commercials. Bryant, as usual, was different. He didn’t critique players. He was teaching them. He talked about players developing “the emotional stability” it takes to handle making, missing, winning, losing. “The world should be your library,” he said.So much of Sunday’s TV blather was about Bryant’s pursuit of Michael Jordan. They shared little, except bottomless appetites. Bryant grew up in Italy and skipped college even though the college was Duke. He was a dunker who became a 38 percent 3-point shooter in 2003. He played to meet challenges, not to settle scores or prove his case.Mostly, he played. He played at least 80 games in six of his 20 seasons, and all 50 games in the lockout season of 1999. When he was on trial for sexual assault in Colorado, he would fly back to Staples for games, even playoff games. He was his own lightning and thunder.But there were growing pains, all visible and televised. Bryant reached a settlement with the woman in Colorado, who dropped the charges, and he issued a quasi-apology in which he said he could “understand” why she thought the incident was non-consensual.He was unmerciful, at times, with teammates. He slapped Samaki Walker, allegedly over a $100 bet.His feuding with Shaquille O’Neal was tiresome, if understandable. O’Neal was the big guy who wanted to be a kid. Bryant was the kid who wanted to be The Terminator, and he wasn’t a fan of seniority. If Shaq came to camp overweight or hadn’t healed himself in the offseason, why should Kobe give him the ball?The two signed enough treaties to win three championships, but the vibes were awful in the 2004 Finals loss to Detroit, and, according to Phil Jackson’s book, Bryant announced, “I’m tired of being the (deleted) sidekick.” O’Neal was gone within the month.His wife Vanessa filed for divorce in 2011 but the Bryants stayed together. “I’m known for being determined and fighting my ass off in my professional life,” he said. “How can I not do that in my personal life?”Sign up for the Purple and Bold newsletter for complete Lakers coverage delivered 3 days a week. Subscribe here.As Kobe got older he slowly abandoned his 3-point stance. The Lakers won Shaq-less titles in 2009 and 2010. They won Game 7 against the Celtics when Kobe missed 18 of 24 shots and Metta World Peace came to the rescue. When he retired in 2016, none of the tears were his. The gladiator went out and embraced a world without opponents.If life is measured by the number of unforgettable people we collect, then we were lucky to walk the same earth with Bryant. The regret is that he won’t be around in case we ever grow up.We are providing free access to this article. Please consider supporting local journalism like this by subscribing here. Newsroom GuidelinesNews TipsContact UsReport an Error Related linksKobe Bryant, one of the greatest Lakers ever, dies at 41Kobe Bryant leaves lasting impact with Orange County girls basketball communityWith unrivaled ‘game,’ on and off the court, Kobe Bryant defined LA for a generationKobe Bryant timeline: A look at the life of the Lakers legendPhotos: Kobe Bryant’s legendary basketball career Bryant was basketball’s rock star from Day 1. On Sunday he died, along with eight others, when his helicopter pilot rose into skies that the L.A. police wouldn’t brave. The grief was so deep because Bryant had grown up in front of us, with no filter and no place to hide. He was about to become the best ex-player in NBA history.That was part of Bryant’s defiance. We thought he’d be screaming at the walls when he couldn’t play anymore. He never doubted that he would build a new life in advance, in turn-key fashion, and move right in.He was gloriously busy. He didn’t even subscribe to NBA League Pass until his daughter Gigi asked him.Instead, he wrote podcasts about “The Punies,” kids who played games and lost and learned and won.He conceptualized “The Wizenard Series,” in which the woebegone West Bottom Badgers encounter a magic man who can change their season. He created “The Tree of Ecrof,” in which two kids try to survive among bogeymen at a fantasy sports camp.center_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers Kobe Bryant had L.A. long before hello.When he showed up for the Summer League at Long Beach State’s Pyramid in 1996, the place was already packed. He scored 27 points in 26 minutes and shot 20 free throws, against older Detroit Pistons. He saw a sports writer from Philadelphia who had come cross-country and said, “Hello, Mr. Smallwood.”He was 17.He came on like the Jackson Five and he aged like Eric Clapton, and, given the chance, he might have been Tony Bennett.last_img read more

World Champion Adnan Catic to arrive in Sarajevo?

first_imgAdnan Catic, the world champion by the WBA version in the middleweight category will arrive in Sarajevo on Saturday afternoon. Catic will spend the next few months with his family in BiH.To recall, Catic won against Fedor Chudinov in February in Oberhausen, and became the world champion for the 5th time.After the match, the world champion who is fighting under the German flag, said that he has a desire to organize the next match in Sarajevo.Will it come to the organization of this match and whether this is the reason why he decided to spend the next months in BiH, is yet to be seen.(Source: Edin Isanovic/ read more

Soweto to welcome World Cup winning Springboks, a team they once hated

first_imgHis gamble worked with the Springboks defeating arch rivals New Zealand 15-12 in a thrilling final watched by a capacity 63,000 crowd crammed into Ellis Park in Johannesburg.Mandela arrived at the ground in a replica of the shirt worn by Springboks captain Francois Pienaar and the predominantly white crowd chanted “Nelson, Nelson, Nelson”.But amid the euphoria of lifting the trophy at the first attempt, pleas by Mandela and government ministers for a racially balanced Springboks team were ignored.Only one black player, winger Chester Williams, who died two months ago, was in the 1995 side and two black wingers, JP Pietersen and Bryan Habana, made the 2007 World Cup-winning side.As the years passed, it seemed black players were only being considered for the two wing positions. There was no sign of a black forward gaining recognition.– Painfully slow –Eventually, prop Tendai ‘The Beast’ Mtawarira, who retired this week having won 117 caps, forced his way into the team regularly, but racial transformation was painfully slow.Even the first two black Springbok coaches, Peter de Villiers and Allister Coetzee, persisted with teams that did not reflect a country whose population was 90 percent black.Erasmus, an Afrikaner and former Springbok forward, succeeded the struggling Coetzee last year and vowed to “act rather than talk” when it came to giving black stars equal opportunities.His legacy was the side that outplayed England 32-12 last Saturday in Japan to give the Springboks a record-equalling third World Cup title.Kolisi is black, so were five other starters, and there was yet another on the bench for a total of seven in a matchday squad of 23.Not quite the 11 blacks promised by SA Rugby to the government some years ago, but when colour is no longer a Springbok issue, Erasmus will be remembered as the man who smashed the mould.The coach who celebrated his 47th birthday this week has conceded that the goodwill generated by the 1995 and 2007 World Cup triumphs came to nought and must not happen again.Speaking just minutes after arriving home, he said “I want to see blacks and whites and people of different religions and beliefs working together and getting it right”.After stops in Pretoria, Johannesburg and Soweto Thursday, the Springboks move to Durban (Friday), East London (Saturday), Port Elizabeth (Sunday) and, finally, Cape Town (Monday).Share on: WhatsApp The iconic picture of Nelson Mandela (L) congratulating captain Francois Pienaar after the Springboks won the 1995 Rugby World CupJohannesburg, South Africa | AFP |  A national tour by Rugby World Cup winners the Springboks begins on Thursday and one of the first stops will be Soweto, a township near Johannesburg where they were once hated.Three decades ago, as black nationalists fought apartheid regime brutality, South Africa’s national rugby team was viewed as a symbol of Afrikaner aggression.“Sowetans used to say the Springboks were the (governing) National Party at play,” recalled Bongani Dlamini, a long-time Soweto resident and retired teacher, in an interview with AFP.“For black people, the rugby team came to symbolise the arrogance of Afrikaner power. They despised the Springboks.“Many Sowetans are proud wearers of Springbok (replica) shirts today — 30 years ago anyone foolish enough to wear one would have put their life at risk.“The Springboks owe a debt of gratitude to (deceased former state president) Nelson Mandela. He changed the way we viewed the team.”Dlamini will cheer the Springboks on Thursday as they drive through Soweto in an open-top bus and believes many others will do likewise.“The first sporting love of the people is football with the two most popular clubs in the country (Kaizer Chiefs and Orlando Pirates) from here.“But there has never been more interest in rugby than now. Our national football and cricket teams keep letting us down while the Springboks succeed and offer hope.“What I want to see is continuity. Black players must be given equal opportunities. That is all we ask. I have no time for racial quotas, just fair selections.“The captain (Siya Kolisi) and the coach (Rassie Erasmus) have spoken wisely since the final. I pray that our politicians are listening.”– Racial segregation –Just months after becoming the first democratically elected president of the republic in 1994, Mandela successfully fought to save the Springboks name and emblem.Elements within the ruling African National Congress (ANC) wanted a name dating back decades and the emblem of the leaping Springbok banished because of its racist past.For 90 years from the first time the team played in 1891, the South African national rugby team chose only white players.There was even segregation among black players, who were divided into Black African and Coloured (mixed race) leagues with no international participation.Mandela, desperate to unite all South Africans after the divisiveness of apartheid, backed the Springboks in the build-up to the 1995 World Cup, which South Africa hosted.last_img read more