September 21, 2021
  • 10:13 am Canvas called poison pill for internet TV
  • 10:11 am UK manufacturing growth at ten-month low
  • 10:11 am Rogue trader prepares for prison term
  • 10:09 am Bill of the week
  • 10:09 am Alan Johnson in mea culpa

first_img Canvas called poison pill for internet TV whatsapp whatsapp Show Comments ▼ OFCOM has received a third competition complaint about BBC-backed video-on-demand service Project Canvas.Regional broadcaster Six TV joins Virgin and Sky in claiming the joint venture will unfairly dominate the online TV market.Virgin lodged an official complaint earlier this year and now Six TV has branded the venture a “poison pill” for the local TV industry.Detractors also claim the service will place too much pressure on the UK’s struggling broadband network.Six TV chief executive Daniel Cass said: “Some parties appear to present the Project Canvas platform as the answer to the challenges faced by new local TV services. “Far from a panacea, we regard Project Canvas as a poison pill which will have a negative effect on opportunities for important new television services to enter the market. We are calling upon Ofcom to launch a full investigation of the actions of the joint venture partners as we do not believe local TV will be viable in the UK otherwise.”The joint venture between media and telecoms giants including TalkTalk, BT, Arqiva, Channel 4, ITV, Orange and Channel Five aims to apply the success of Freeview to the online TV market by making it available through a set-top box.Its members say the system is open and other firms are welcome to join the project. KCS-content Share Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tuesday 31 August 2010 8:45 pm last_img read more

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first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp John Dunne whatsapp UK manufacturing growth at ten-month low Friday 1 October 2010 4:58 am Share Activity in the manufacturing sector weakened more than expected in September to grow at its slowest pace in ten months, as export orders fell for the first time in more than a year, a survey showed.The Markit/Chartered Institute of Purchasing and Supply manufacturing PMI index fell to 53.4 in September from a downwardly revised 53.7 in August. That was the lowest since November 2009 and below forecasts for a reading of 53.8.The figures are likely to reinforce concerns that Britain’s recovery is losing steam after strong growth in the second quarter, and could lend weight to Bank of England policymaker Adam Posen’s view the BoE should inject more stimulus.Meanwhile, signs that price pressures are easing and that firms still have spare production capacity should provide reassurance the BoE can leave interest rates at their record low of 0.5 percent for longer without stoking inflation.The PMI survey showed output fell back to grow at its slowest pace since last September and the employment index also fell to stand barely above the 50-level which separates expansion from contraction.“More worrying is the order book trend,” said Rob Dobson, senior economist at Markit. “This suggests that the slowdown in production has further to run.”The new orders index improved by almost two points, but the export orders index fell below 50 to show foreign demand declining for the first time since July 2009.“This mainly reflected weaker foreign demand for UK consumer goods,” the survey said, adding that respondents had reported a drop in demand from clients in mainland Europe, the United States and Russia.Foreign demand for British goods has not been as strong as experts thought it would be even though sterling has lost around a quarter of its value against other currencies since 2007.And the prospect of a pick-up in exports is looking increasingly uncertain as Britain’s key trading partners face muted growth and fiscal austerity measures.That, together with sharp cuts in government spending, mean the UK’s surprisingly robust 1.2 per cent growth between April and June could turn out to be the peak for now. Show Comments ▼ Tags: NULLlast_img read more

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first_img whatsapp Tuesday 5 October 2010 8:14 pm KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ center_img Tags: NULL whatsapp Rogue trader prepares for prison term More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com JEROME Kerviel emerged from court yesterday sharp-suited and ashen-faced, like a lost member of the Reservoir Dogs cast, knowing he was about to swap his black tie for a set of prison overalls. He will wear the new outfit for around two years, after being handed a five-year prison term for blowing €4.9bn (£4.3bn) of Societe Generale’s money.His conviction for forgery, unauthorised computer use and breach of trust was the inevitable conclusion to an almost unbelievable chain of events, in which one man threatened to bring down the entire French banking system. Almost as implausible has been Kerviel’s personal journey. A bright but never gifted student, he graduated from an average university before starting his career at SocGen as, ironically, a compliance officer. As a banker he was largely overlooked, a tiny cog in a sprawling machine, his hands tied when it came to making the big trades he craved. After eight years he was still earning a relatively meagre £75,000 a year.Then, like a true gambler, he hit upon a system: a system that would prove to be the least effective in banking history. He masked vast trades with fake hedge bets, allowing him to risk billions on his market hunches. More than €50bn was tied up in his crackpot plan. And eventually it all came crashing down.Since his arrest Kerviel, 33, has been lauded by the French public as an anti-hero of the financial crisis, a man who superficially appeared to prove the public belief that the financial system was dangerously out of control. He became a celebrity. Websites sprang up lionising the rogue trader; he released a book about his experiences (albeit to modest sales); t-shirts bearing his name sold in their thousands. As the face of the financial crisis, Kerviel was perfect. Young, handsome, stylish and arrogant.He goes to prison as one of the most famous men in France, a pin-up boy for people opposing the system he loved. A movie of his life is a racing certainty. But it’s not all good news. Kerviel is still liable for the €4.9bn he blew. Going by his last salary, it will take him nearly 50,000 years before he is back on even terms.For SocGen it is the start of a very different journey. After being cleared of turning a blind eye to Kerviel’s actions (not “responsible for the creature that it had created”, in the words of the judge) it can start to rebuild its reputation. It will be a long road for both parties.Why was Kerviel sentenced to four years when Madoff received 150?Last night Kerviel’s five year sentence, of which two were suspended, was already being branded paltry. For a man who blew a staggering sum of money, a term that could last less than two years seems remarkably generous.Certainly when compared to the dizzying 150 years handed to Bernard Madoff for his $20bn ponzi scheme it seems like a walk in the park. He will only be 35 on his release – Madoff would be 222. Nick Leeson, the banker behind the Barings Bank collapse in 1995, served four years of a 6 1/2 year sentence in a Singaporean jail. And Allied Irish Banks’ John Rusnak was hit with a 7 1/2 year stretch in the US for concealing a relatively insignificant $691m.In many ways, Kerviel is lucky he committed his crimes in his home country, where sentences are more lenient: he could have faced 20 years if tried in the US. However, his time is not likely to be easy. French prisons have the highest suicide rates in Europe and there are numerous reports of breaches of human rights. last_img read more

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first_img whatsapp Tags: NULL Bill of the week KCS-content OFF to chef Michel Roux Jr’s new joint at Parliament Square last week for a seven course feast, enjoyed by two lobbyists entertaining their clients.Our diners tucked into the new head chef Toby Stuart’s tasting menu, ending with a pungent array of cheeses, and conducted their political business over a number of bottles of Gosset Rose champagne, Pernand Vergelesses 2007, Château de Lamarque 2002 and a Banyuls reserva 2007.That little lot was chased by a round of Calvados brandy, Remy Martin cognac and Samalens armagnac, before they emerged, happily sated and £1,076.63 the lighter. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldForbes14 Richest Black Billionaires RankedForbes Sharecenter_img whatsapp Show Comments ▼ More From Our Partners Sidney Crosby, Alex Ovechkin are graying and frayingnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Sunday 7 November 2010 8:35 pmlast_img read more

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first_imgThursday 11 November 2010 8:23 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Share Show Comments ▼ whatsapp Alan Johnson, the shadow chancellor, yesterday begun the long march to regaining the Labour party’s economic credibility as he admitted the previous government had made several mistakes. He rejected claims of “profligacy” but said Labour had become too reliant on tax receipts from the City, and had failed to recognise they would vanish in the event of a financial crisis. “Before the crisis hit, the City paid around 25 per cent of overall corporation tax in this country – £10bn in 2007. A booming sector with high remuneration and profits was paying a lot of tax but this reliance on the financial sector made our tax base less resilient when the global financial crisis hit,” he said. center_img KCS-content Alan Johnson in mea culpa More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more

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first_imgThursday 11 November 2010 8:33 pm KCS-content PEPPA PIG TO DEBUT IN THE US Entertainment One said it had signed a three-year broadcast deal to screen its hit pre-school TV show Peppa Pig in the US on Nickelodeon’s Nick Jr channel. The series is broadcast in more than 180 countries and made more than £100m in merchandising in the UK alone last year. Analysts said in the US merchandising could range between £1.5bn and £2bn if the show is a hit. Details of the broadcast deal were not disclosed. Share More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ whatsapp Tags: NULLlast_img read more

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first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Irish banks soar but analysts are sceptical Monday 29 November 2010 8:04 pm Tags: NULL SHARES in Ireland’s stricken banks soared yesterday as the market reacted positively to its bailout plans.Bank of Ireland gained 16.6 per cent and Allied Irish Banks gained 3.8 per cent amid hopes the rescue package can keep the banking system afloat.However, analysts are sceptical that the initial injection will be enough and say the government’s plans are not well enough defined.Ireland was last night thrashing out the details of how its banking system will make immediate use of the €10bn (£8.4bn) of capital made available to it yesterday.In a bid to boost confidence in Irish lenders, the central bank raised its target core Tier 1 capital ratio, a measure of financial strength, to 12 per cent from eight per cent, with even stricter requirements on some lenders. As a result, Dublin will almost certainly end up effectively nationalising Allied Irish Banks, once the country’s largest-listed lender, which the central bank wants to maintain a core Tier 1 ratio of 14 per cent.It requires a further €5.3bn on top of the €4.5bn it had already been told it would need.The state will be also forced to acquire a majority stake – estimated at around 60 per cent – in Bank of Ireland as the lender struggles to meet the fresh capital requirements.Bank of Ireland will require €2.2bn extra, which it says it will attempt to raise itself.Irish Life & Permanent says it will not need to dip into the Irish bank bailout fund to meet the capital requirements.The lender must raise €100m by the end of May to meet the 12 per cent core Tier 1 capital ratio but it says its banking arm will raise the required capital from its own resources.The bank said the plan to overcapitalise Irish lenders will reassure foreign investors.Irish Life is the only Irish lender to avoid a state bailout and was not required to transfer any loans to the country’s “bad bank”.Ireland has earmarked €35bn in total to help restructure the banking sector. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell 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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsappcenter_img Share KCS-content Show Comments ▼ whatsapplast_img read more

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first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Wednesday 22 December 2010 7:41 pm Share Show Comments ▼ Tags: NULLcenter_img GREEK lawmakers last night approved a 2011 austerity budget that imposes yet more cuts on the nation, hours after thousands took to the streets shouting “We can’t take it anymore.”The bill targets a budget deficit of 7.4 per cent of GDP next year, down from about 9.4 per cent this year, through more spending cuts and tax increases. This would put Greece in line with the terms of the bailout that saved it from bankruptcy in May.“We will do whatever it takes to succeed,” Prime Minister George Papandreou told lawmakers just before the vote. “We will change this country.”Public transport ground to a halt in the capital yesterday as about 3,000 protesters rallied peacefully in front of parliament against wage cuts in the public sector and other steps aimed to stem the crisis that has shaken the Eurozone.The new spending cuts and tax rises in next year’s budget build up on an estimated six percentage points reduction of deficit in 2010.But Greece is still set to miss its 2010 fiscal targets and the measures have failed to calm fears about its ability to pull itself out of crisis. Five Greek banks were told yesterday by Fitch Ratings that their credit rating could be downgraded to junk status, a day after sovereign ratings were put under the same watch. The move would bring Fitch’s ratings in line with Moody’s and Standard & Poor’s, which already have sub-investment grade ratings on the country, and both are on review for further downgrades. Greek 10-year bonds fell 0.198 in price to bid 67.367, yielding 12.217 per cent. The spread of Greek bonds over German bunds widened slightly to 9.26 per cent. Greece approves new austerity package amid downgrade threats Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapplast_img read more

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first_imgWednesday 12 January 2011 8:58 pm whatsapp WORKERS will no longer be forced to retire at 65 under rules to stamp out age discrimination published by the government today in direct defiance of fierce lobbying from business groups to delay the measure. The scrapping of the default retirement age (DRA), first proposed by the coalition government last July, will be phased in from April and will mean from October no person can be compulsorily retired just because they have turned 65.The change, which will be unveiled by business minister Ed Davey in a ministerial statement today, will not require further legislation, dismaying employers groups such as the CBI and the EEF which have said they need more time to prepare for the change, which they fear could lead to legal uncertainty and a wave of employment tribunals from disgruntled employees. CBI director general John Cridland said the DRA was the “number one employment regulatory issue for this year”, and is concerned its abolition will result in “demeaning” performance reviews to manage out older employees where their output has deteriorated due to age.Davey’s statement will coincide with the publication of the Pensions Bill outlining plans to raise the state pension age to 66 for everyone by 2020. The women’s pension age is already rising from 60 but after 2018, the male pension age will also begin to rise. Work and Pensions secretary Iain Duncan Smith will also today publish plans to force all bosses to pay into a pension for their workers for the first time. whatsapp Tags: NULL KCS-content Sharecenter_img Default retirement age to end as state pension is delayed by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Show Comments ▼last_img read more

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first_img Eurozone rescue fund debated KCS-content whatsapp Tags: NULL Show Comments ▼ Sunday 16 January 2011 10:37 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Share Eurozone finance ministers will today discuss an increase in the effective lending capacity of the Eurozone rescue fund, to draw a line under the sovereign debt crisis before more countries need help. The rescue fund, the European Financial Stability Facility (EFSF), can borrow money on the market with Eurozone government guarantees of up to €440bn (£370.8bn). But because it wants to have a triple A credit rating, the effective amount it can lend to countries in need is only around €250bn. whatsapplast_img read more

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