It’s time to consider an off-the-shelf deal if we’re serious about avoiding a hard Brexit

whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Catherine Neilan It’s time to consider an off-the-shelf deal if we’re serious about avoiding a hard Brexit Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoAuto InquirerA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedAuto InquirerUndo Theresa May and her ministers are racking up air miles trying to convince their EU counterparts to back the Chequers deal, even though her own chief adviser Olly Robbins has said it won’t work.Alarmed at the pace of progress, most large firms are finalising their contingency plans – in some cases, like the London Stock Exchange, they’ve even begun to execute them. Smaller firms are behind, suffering from a lack of resource as well as lack of certainty on what to do. Yesterday Michel Barnier made it clear once again that May’s Chequers deal – which is viewed as a mess by pretty much everyone – cannot and will not fly. He has already rejected the UK’s position on goods (a partial Single Market) and customs (collecting tariffs on behalf of each other) and there is no sign of any shift, regardless of whatever conversations are taking place behind closed doors.In fact, on the matter of cherry-picking Barnier has been consistent: only an off-the-shelf deal will do.Read more: Britain could face a £50bn Brexit billBut there is a solution – one which former Brexit secretary David Davis championed before resigning, which has the backing of Brexiters and one which even the Commission has shown support for.Barnier may insist that the only options open to the UK are pre-existing terms, but in reality this is a negotiation and the EU will, when all is said and done, have to show some flexibility. In this context, ministers should revisit the idea of ‘Canada-plus-plus-plus’ (the third plus relating to the addition of financial services to a Canada-EU style trade deal) has been in the wings for months, rejected by May partly because of the Irish border – though advocates argue there is a workable solution under this plan – and partly because of her obsession with landing a bespoke deal. Friday 3 August 2018 10:33 am Share “She doesn’t like labelling anything but if you’re trying to get it through the EU it’s worth labelling things,” says one advocate. “The EU just passed Canada, they know it, they understand it. We just need to accept it.”The deal offered by Tusk in March confirmed zero tariffs on goods – and perhaps even services “to an extent.”Given that we folded on our demand for mutual recognition before talks even got going, perhaps it is time for negotiators to explore the extent to which services could be added to an FTA – and prove everyone wrong by clinching a deal this autumn.Read more: Brexiters seek to revive Canada plus-plus-plus model whatsapp read more

California dreaming: A plan to phase out petrol and diesel cars that might actually work

first_imgThe problem, of course, is that the post-pandemic world won’t have a lot of money to spend. Furthermore, the myriad interventions of the kitchen sink approach can distort the market and have unintended consequences. California dreaming: A plan to phase out petrol and diesel cars that might actually work The percentage starts low, but increases each year. Eventually it reaches 100 per cent, so that petrol or diesel cars are no longer sold. Manufacturers can see what’s coming — they need to start making ZEVs, increase their prices or make way for ZEV manufacturers which can meet demand.  Transport is now the UK’s biggest source of climate-warming greenhouse gases.  Such bold moves are within reach. Following California’s example would allow us to start work now and show the world the way. The idea based on successes in California — the home of Tesla (AFP via Getty Images) The industry needs a chance to adapt, to retrain workforces and to retool supply chains. But above all, it needs certainty as well as a deadline. Thursday 23 July 2020 4:15 am More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years A ZEV Mandate works like this. Each manufacturer must sell a certain number of zero-emission vehicles (ZEVs), such as electric or hydrogen fuel cell cars, expressed as a percentage of its overall sales. Those which cannot produce enough ZEVs can buy credits from those which do. This makes ZEVs relatively cheaper to make and buy, which also makes Britain more attractive to ZEV producers like Tesla. To tackle this, earlier this year the government announced plans to bring forward a ban on new petrol and diesel cars to 2035. The response was an outcry from carmakers, who accused ministers of having a “date without a plan”. While other sectors slash their carbon footprint, our cars alone continue to produce 15 per cent of annual emissions — and the figure is still rising. Opinion Our new Policy Exchange report, published this week, argues that there is another way, based on successes in California — the home of Tesla. This approach, known as a Zero-Emission Vehicle (ZEV) Mandate, can be brilliantly effective — and much cheaper. The idea based on successes in California — the home of Tesla (AFP via Getty Images) Also Read: California dreaming: A plan to phase out petrol and diesel cars that might actually work center_img Show Comments ▼ Broadly speaking, there are two proven ways to boost zero-emission vehicles. The first, pioneered by Norway, could be called the “kitchen sink” approach: a smorgasbord of tax reliefs and special privileges for owners of zero-emission vehicles. It’s expensive, but it works. Electric vehicles make up 61 per cent of new car sales in Norway, and it aims for 100 per cent by 2025. Crucially, it allows Britain’s car industry to start now without massive subsidies. Instead, the £3,000 reward we currently pay to buyers of electric vehicles — who are typically wealthier anyway — can be repurposed for things like retraining workers or building charging infrastructure.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. As transport secretary Grant Shapps says in the foreword to our report: “We should show the world that a forward-looking economy can and should make bold moves against climate change, even amid the economic damage left by Covid-19.” Right now, they have a point. Britain’s car industry makes 1.3m cars annually, while Brits buy 2.3m per year, 247,000 of which are British-made. Transforming the fundamentals of such a huge industry in just 15 years is no small task.  whatsapp Main image credit: Getty The trajectory is clear, flexible, and relatively technology-neutral. The idea based on successes in California — the home of Tesla (AFP via Getty Images) Also Read: California dreaming: A plan to phase out petrol and diesel cars that might actually work The UK has made great strides towards neutralising our carbon footprint. Cutting the emissions of the UK power sector by 60 per cent since 2013 shows what can be achieved with the right policies. Revolutions are possible, but transport is going in the wrong direction. With the UK hosting a major climate conference in 2021, we need to start turning that around now. Share whatsapp Ed BirkettEd Birkett is a research fellow in Policy Exchange’s Energy and Environment Unit and Benedict McAleenanBenedict McAleenan is senior adviser to Policy Exchange’s Energy and Environment Unit last_img read more

State sinks abandoned F/V Akutan after disastrous season

first_imgAlaska’s Energy Desk | AleutiansState sinks abandoned F/V Akutan after disastrous seasonJanuary 26, 2018 by Zoë Sobel, Alaska’s Energy Desk Share:The crew of the Coast Guard Cutter Alex Haley prepares to break tow with the F/V Akutan northwest of Dutch Harbor, Alaska, (Photo courtesy U.S. Coast Guard District 17)The abandoned boat that plagued western Alaska for months is now on the bottom of the ocean. The U.S. Coast Guard assisted the state by performing an emergency scuttle of the F/V Akutan Thursday, three miles outside U.S. waters.The processor was abandoned in Unalaska in September following a disastrous fishing season in Bristol Bay where the ship’s owner went broke, the crew went unpaid, and it’s 158,318 pound haul of salmon was declared unfit for human consumption.The Alaska Department of Natural Resources (DNR) took custody of the derelict vessel in mid-January. In a press release, the Coast Guard says the scuttle was warranted “given the vessel’s condition and the tumultuous Bering Sea maritime environment this time of year.”It is unclear how the state funded the disposal. This week, the Unalaska City Council was informed that DNR had asked them to help pay for the removal, but the state and Coast Guard sunk the F/V Akutan before the city had come to an agreement.Share this story:last_img read more

Pedestrian killed in late-night Arcadia crash

first_imgAdvertisementDC 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 Future developments cause new Colonial congestion concerns June 10, 2021 Driver seriously injured after dump truck flips on SR 82 in Collier County June 11, 2021 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 Advertisementcenter_img AdvertisementTags: ArcadiaFlorida Highway Patroltraffic AdvertisementInformation about the pedestrian’s identity is not known. The crash remains under investigation.Count on NBC2 to bring you the latest information once it is released. Arcadia taco truck attracts pilots from all over Florida June 16, 2021 DESOTO COUNTY, Fla. — A pedestrian was hit and killed by a vehicle on US 17 just before 11:30 p.m. on Monday, officials said.A 16-year-old Arcadia girl driving an SUV was heading south on US 17, just north of Lowe Street. A male pedestrian was crossing US 17, just south of Lowe Street. The front of the SUV hit the pedestrian and the girl stopped immediately after the crash, troopers with the Florida Highway Patrol said. The pedestrian was pronounced dead at the scene. Motorcyclist rushed to the hospital after Fort Myers crash June 7, 2021last_img read more

In Pictures: Portlaoise parade delivers in style once again

first_imgSEE ALSO – In Pictures: Mountmellick pull out all the stops for another wonderful St Patrick’s Day parade  In Pictures: Portlaoise parade delivers in style once again TAGSPortlaoiseSt Patrick’s Day Parade Facebook Council Pinterest Pinterest Laois County Council team up with top chef for online demonstration on tips for reducing food waste Cllr Tuohy was his typical good-humoured self with a word for all the participants and was joined on the viewing stand by fellow councillors Catherine Fitzgerald, Willie Aird, Caroline Dwane Stanley and Deputy Brian Stanley.Fr Paddy Byrne and Fr David Vard were among the others in the important seats along with members of the Portlaoise UN Veterans, great community woman Eileen Hayes and Donal Brennan, Director of Services at Laois County Council.Cllr Tuohy managed to coax a song out of birthday boy Fr Paddy Byrne who did a fine rendition of Fields of Athenry.With the Market Square blocked off for the day and transformed with a range of children’s entertainment, the festivities continued for the afternoon.Alf Harvey captured this wonderful set of images for us. Rugby Previous articleIn Pictures: Great St Patrick’s Day spirit in RathdowneyNext articleIn Pictures: Durrow, Spink and Ballyroan turn on the style for St Patrick’s Day Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining It may have experienced a soap opera-style on-off drama but once the decision was made to go ahead with the Portlaoise St Patrick’s Day parade, you just knew they’d deliver in style once again.The biggest parade in the county, fittingly in the county town, was another roaring success with hundreds lining the streets, braving the bitter cold to watch this year’s version.Members of St Francis school were this year’s Grand Marshals and they led the way brilliantly – driven in a convertible mercedes by school principal Malachy McNulty, a man well used to leading the way for The Town, having served as manager of the Portlaoise senior footballer for the last couple of seasons.Indeed the Portlaoise GAA club had arguably the biggest presence in the parade with a massive number of their underage players and parents making an impressive impact.Led by the ‘Portlaoise Queen’ float with the Jack Delaney Cup proudly displayed by one of their young members they got a big cheer from the crowd, egged on by MC Cllr Noel Tuohy who got it hard to hide his club allegiances.Ballyfin GAA Club, Portlaoise Soccer Club and Portlaoise Panthers Basketball Club were all part of the parade too as well as Gaelscoil Phortlaoise, the Lawless and Lynam Schools of Irish Dancing, Portlaoise Tidy Towns, Laochra Laoise, the Dunamaise Arts Centre and members of the Lithuanian and Nigerian communities in Portlaoise.center_img Twitter WhatsApp Community Facebook RELATED ARTICLESMORE FROM AUTHOR Kinga Twitter WhatsApp Home News Community In Pictures: Portlaoise parade delivers in style once again NewsCommunity By Steven Miller – 17th March 2018 Ten Laois based players named on Leinster rugby U-18 girls squadlast_img read more

Deaths in Laois – Monday, June 25, 2018

first_img Community Facebook By Alan Hartnett – 25th June 2018 Twitter Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.David BradishThe Course, Durrow, LaoisThe death has taken place of David Bradish, The Course, Durrow on Friday, June 22.Peacefully in the loving care of the nurses and staff of Brookhaven Nursing Home Ballyragget; deeply regretted by his brothers Tom, Jim and Bill, sisters May and Olive, brothers-in-law, sisters-in-law, nieces, nephews, relatives and friends.Reposing at Brookhaven Nursing Home. Funeral prayers on Monday afternoon at 2.00pm followed by removal to St. Fintan’s Church, Durrow, for Funeral Service at 3.00pm. Burial immediately afterwards in the adjoining churchyard. Pinterest WhatsApp Previous articleGreat family day out as Stradbally to host National Horse and Hound shows againNext articleJOB VACANCY: Expanding gym F.I.T Laois is looking for staff Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Rugby Ten Laois based players named on Leinster rugby U-18 girls squad Community RELATED ARTICLESMORE FROM AUTHOR WhatsApp Safe in the arms of JesusPeadar SheridanThe Green, Kilminchy, Portlaoise, LaoisSheridan. The Green, Kilminchy, Portlaoise and formerly St. James Street, Dublin. Ex CIE and Waverly Ambulances. June 20th 2018, Peacefully. Peadar, beloved husband of Ursula and dearly loved father to Brenda, Terri and Niall. Deeply regretted by his loving family, sons-in-law Fergus Conway and Declan O`Rourke, brother-in-law, sister-in-law, daughter-in-law, grandsons, granddaughters, nephews, nieces, relatives and friends. Reposing at Keegans Funeral Home on Friday evening from 7pm with rosary at 8pm. Requiem Mass at 10am on Saturday morning in SS Peter and Paul’s Church, Portlaoise. Followed by private cremation at Newlands Cross.Pat MillerMeelick and formerly Timahoe, Portlaoise, LaoisPat Miller (Ex Millers Hardware, Portlaoise) passed away peacefully at his residence surrounded by his loving and devoted family. Deeply regretted by his loving wife Patsy, daughter Olga, sons Patrick and Ronan, son-in-law Liam, daughters-in-law Nicky and Claire. Grandchildren Ewan, Sarah and Ryan, brothers, sisters, brothers-in-law, sisters-in-law, nieces, nephews and a large circle of friends. Pat will be reposing at his residence from 2 o clock on Thursday with Recital of the Rosary at 8 o clock Thursday evening. Removal by Whelehan Funeral Directors on Friday morning at 12.15 am to arrive at Saint Michael’s Church, Timahoe for 1 pm Requiem Mass. Interment to follow in Saint Michael’s Cemetery. House Private on Friday morning please.John DunneBallyfin Rd., Portlaoise, LaoisDunne “St Christophers”, Ballyfin Rd., Portlaoise, 19th June 2018. Peacefully surrounded by his loving family at Portlaoise Regional Hosp. John, beloved husband of the late Kathleen and dearly loved father to Noel, Laurence, Séan, Veronica, Imelda and Mary. Deeply regretted by his loving family, brother Larry and sister Maura, sisters-in-law Maureen and Frances, sons-in-law Dan, Pat, and Niall, daughters-in-law Ita and Ellie, grandchildren, great-grandchildren, nephews, nieces, relatives and friends.Reposing at his residence from 3 pm on Thursday with rosary at 8 pm. Removal on Friday morning to arrive at SS Peter and Paul’s Church for 10 am Requiem Mass. Interment will follow in SS Peter and Paul’s Cemetery, Portlaoise. House private on Friday morning please.Martin KinsellaBallylehane Lower, Ballylinan, LaoisMartin died suddenly at his residence. He is deeply regretted by his sister Mary, cousins, relatives and a large circle of friends.Reposing at his residence from 8pm this Tuesday evening. Rosary on Wednesday evening at 5.30pm followed by removal by Malone’s Funeral Directors to St. Anne’s Church, Ballylinan arriving at 7pm. Funeral Mass on Thursday at 11am. Burial immediately afterwards in Arles Cemetery, Co. Laois.Mary Murphy (née Brophy)Kilmanman, Clonaslee, LaoisMary Murphy (nee Brophy). Kilmanman, Clonaslee, Laois. Died peacefully at her residence, June 18th 2018 surrounded by her loving family. Predeceased by her husband John and daughter Teresa. Cherished mother of Jimmy, Margaret and Mary. She will be sadly missed by her daughter-in-law Marie, sons-in-law Tom, Billy and Seamus. Fondly remembered by her loving grandchildren, great grandchildren and great great grandchildren, nieces, nephews, extended family and friends.Reposing at her residence with removal on Wednesday evening at 8.30pm arriving at St. Manman’s Church, Clonaslee at 9.00pm. Funeral Mass on Thursday at 12 noon followed by burial in St. Manman’s Cemetery, ClonasleeJames BrennanGreen View, Mountmellick Rd, Portlaoise, LaoisThe death has occurred of James Brennan, Green View, Mountmelick Rd Portlaoise on June 16th 2018 peacefully at home surrounded by his loving family. James beloved husband of Susan and dearly loved father to James, Christopher, Sally, and Patrick. Deeply regretted by his loving family, brother Andrew; family partners, Margaret, and David, grandchildren, nephews, nieces, relatives and friends, Rest in Peace Reposing at Keegan’s Funeral Home from 7 pm on Tuesday evening with rosary at 8 pm. Removal on Wednesday morning to SS Peter and Paul’s Church Portlaoise for 10 am requiem mass. Cremation will follow afterwards in Newlands crematorium at 12.30. Family flowers only donations if desired to the Irish Cancer SocietySEE ALSO – Deaths in Laois – Sunday, June 24, 2018 Pinterest Home Deaths Deaths in Laois – Monday, June 25, 2018 Deaths Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Deaths in Laois – Monday, June 25, 2018 Five Laois monuments to receive almost €200,000 in government funding Twitter Facebooklast_img

North Korea seeks self-sufficiency through technological development

first_imgNewsEconomy North Korea seeks self-sufficiency through technological development North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) By Seulkee Jang – 2019.06.25 11:42am Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders Facebook Twitter AvatarSeulkee JangSeulkee Jang is one of Daily NK’s full-time journalists. Please direct any questions about her articles to [email protected] News center_img SHARE Merchants well grain and solar panels in Sunchon, South Pyongan ProvinceMerchants well grain and solar panels in Sunchon, South Pyongan Province. Image (taken in October 2018): Daily NKFollowing the failure of the US-North Korea summit in Hanoi, the regime is adhering to a strategy of “enduring.” The organizers of a people’s committee director meeting in Pyongyang held last month ordered them to rely on their “self-sufficiency” efforts to resolve the food and electricity crisis. The meeting’s leaders also handed down orders to acquire “new scientific technology” to aid their plans.During his speech at the meeting of the Supreme People’s Assembly in April, Kim Jong Un said that the strategic policy “pursued by our party and the government of our republic in promoting socialist economic construction is to make the national economy Juche (ruling ideology of self-reliance)-oriented, modern, IT-based and scientific.”This policy is purportedly being implemented by local governments.“The provincial, municipal and county people’s committee directors meeting held in Pyongyang in mid-May discussed the need for each local committee to deal with the lack of electricity and food shortages by themselves,” a South Pyongan Province-based source told Daily NK.“In short, emphasis was again placed on self-sufficiency.”The directors also handed down an order to local committees to take whatever actions necessary to ensure families do not starve, and even to provide them with rice from the state if necessary.The directors also ordered local people’s committees to learn about new science and technology through the country’s intranet to discover the “secrets” of economic growth.“The meeting’s organizers ordered the officials to learn about technology so that they can contribute to growth in production and business management skills,” said the source. The order appears related to Kim Jong Un’s vision to develop North Korea into a “strong knowledge economy.”The directors also discussed efforts to resolve the country’s electricity shortages by calling for the construction of small to mid-sized power plants and solar power and methane gas stations.However, some of the directors who took part in the meeting said that “the ideas are already being implemented so we’re not sure what is going to be accomplished.”There were also criticisms leveled at the people’s committee leaders for corruption. “The leaders of the meeting said that new change can come to the country only when corruption in the government is eliminated,” said a separate source in South Pyongan Province who attended the lecture.“The leaders told the attending directors that growth in the economy must come from changes in how they produce and manage their economic activities.”“The directors at the meeting were threatened with losing their jobs if they failed to follow the orders of the central government to the letter,” he added.The Rodong Sinmun also placed emphasis on the need for scientific and technological development and a “revolution” in education to promote self-sufficiency. The state-run publication ran an article on June 17 that mentioned Kim Jong Un’s order to “use self-sufficiency to drive forward science, technology and educational revolutions.”“The best way to ensure the problems facing economic construction are resolved and to improve the overall civilian economy is to use self-sufficient efforts to develop science, technology and education,” the article continued, emphasizing that the priority on science and technological development “is very important to fight against the evil efforts by our enemies to blockade our country.”Given that the US and North Korea negotiations remain at an impasse, the piece illustrates sustained emphasis by the regime on self-sufficiency through scientific and technological breakthroughs.“We can continue to produce more electricity through a variety of methods,” the article reads, “including the implementation of our science and technology breakthroughs that will lead to more efficient electricity use and decreases in the waste of electricity.” News US dollar and Chinese reminbi plummet against North Korean won once again News RELATED ARTICLESMORE FROM AUTHORlast_img read more

Seniors need help to avoid financial fraud

James Langton Ontario introduces home improvement tax credit for seniors for 2021 Keywords Seniors Share this article and your comments with peers on social media The top three financial exploitation problems identified by the experts are: theft or diversion of funds or property by family members (cited by 79%); theft by caregivers (49%); and financial scams perpetrated by strangers (47%). Additionally, 58% said seniors are ‘not very able’ or ‘not able at all’ to determine ‘the legitimacy, value, and authenticity of credentials held by their financial advisors and planners’; 59% said existing accountability controls are not effective at deterring the misuse of ‘senior advisor credentials’; and, 53% said that “the available resources for seniors when selecting a financial advisor with appropriate knowledge” are either not very effective or not effective at all. OSC names members of Seniors Expert Advisory Committee Related news How to avoid abuse by PoAs for property Most seniors in the United States don’t have the necessary information to help them find a qualified financial advisor in order to avoid investment fraud and financial exploitation, a new survey finds. According to a new online survey of securities regulators, financial planners, social workers and other experts in senior issues, which was conducted by the non-profit Investor Protection Trust (IPT) and Investor Protection Institute (IPI), 75% said that this sort of fraud is a ‘very serious’ problem, and 78% said older Americans are “very vulnerable” to investment fraud/financial exploitation. Facebook LinkedIn Twitter read more

CWT to act as custodian for GP Wealth’s Signature Service Accounts

Keywords CustodyCompanies Canadian Western Trust, GP Wealth Management Raymond James hires veteran to lead correspondent services unit Related news Share this article and your comments with peers on social media Vancover-based Canadian Western Trust Company (CWT) and Toronto-based GP Wealth Management Tuesday announced CWT will act as exclusive custodian for GP Wealth’s Signature Service Accounts. “CWT is excited to partner with GP Wealth’s financial advisors, through our self-directed fee-for-service platform, to offer GP Wealth’s Signature Service Account,” says Patricia Hunter, National Sales Manager for CWT. “Our self-directed products allow clients to hold a full range of investments in a single consolidated account. It’s an ideal solution for independent financial advisors who are looking for more efficient ways to manage investment portfolios for their clients,” Hunter adds. “The launch of our new Signature Service Account signifies our ongoing commitment to our financial advisors and their clients,” says George Aguiar, president and CEO of GP Wealth Management. “Designed with the investor in mind, this new platform is a premium, commission-free asset management service. Unique features of the new platform, such as family and bundled pricing, provide our financial advisors with a very competitive client offering that is highly flexible,” Aguiar says. CWT is a wholly owned affiliate of Canadian Western Bank (TSX: CWB). Facebook LinkedIn Twitter New Fidelity company offers custody and trade execution for cryptocurrencies National Bank Correspondent Network adopts new name IE Staff read more

SEC charges 10 in ForceField Energy fraud

first_imgJames Langton Imposters among us, CSA warns The U.S. Securities and Exchange Commission (SEC) Tuesday announced fraud charges against 10 people involved in alleged schemes to trick investors into buying shares of LED lighting profider ForceField Energy Inc. Several brokers, a stock newsletter publisher and an investor relations professional were all paid to tout ForceField shares by the Florida-based company’s then-chairman, Richard St. Julien, a Canadian who was living in Costa Rica, the SEC alleges. DoJ launches task force to tackle Covid-19 fraud Retail trading surge on regulators’ radar, Vingoe says The alleged perpetrators tried to conceal their involvement by communicating on “burner” phones and using encrypted text messages, the SEC adds. The allegations have not been proven, and defendants in criminal proceedings are presumed innocent. “We allege that these men sold investors on the merits of buying ForceField Energy stock while leaving out the most important detail of all: they were being bribed with money and other benefits behind the scenes to tell them that,” says Andrew Calamari, director of the SEC’s New York office, in a statement. “The SEC and its law enforcement partners have pieced together the schemes despite the best efforts of the alleged perpetrators to communicate and distribute cash in clandestine ways.” The U.S. Attorney’s Office brought criminal charges against St. Julien last year. In a parallel action on Tuesday, it announced criminal charges against the nine other individuals also named in the SEC’s complaint. Those charges include: wire fraud conspiracy; securities fraud conspiracy; money laundering conspiracy; and securities fraud. The scheme ended up costing investors approximately US$131 million in losses, the Federal Bureau of Investigation alleges. The SEC’s complaint charges all defendants with securities law violations. It is seeking disgorgement plus prejudgment interest, penalties, and permanent injunctions against all defendants as well as penny stock bars and an officer-and-director bar against St. Julien. “As alleged, the defendants and their network of registered brokers and stock promoters designed an elaborate but fraudulent scheme built on lies, kickbacks and manipulated trading activity to defraud the securities markets, the investing public and their clients,” says Robert Capers, U.S. attorney for the Eastern District of New York. “They took a company with essentially no business operations and little revenue and deceived the market and their clients into believing it was worth hundreds of millions of dollars through a dizzying round of unauthorized trades and deceptive promotions. In the end, the deceived investors were left holding the empty bag,” Capers adds. center_img Share this article and your comments with peers on social media Related news Keywords FraudCompanies Securities and Exchange Commission Facebook LinkedIn Twitterlast_img read more