June 12

All Jamaicans Must Stand In The Interest Of Children – PM

first_imgAll Jamaicans Must Stand In The Interest Of Children – PM CultureMay 25, 2015Written by: Garfield L. Angus Prime Minister, the Most Hon. Portia Simpson, has commended the volunteers who came out to work on the Rudolph Elder Park in Morant Bay, St. Thomas, which was the National Labour Day project.She said the strong turnout of persons, including opposing political representatives, sends a signal that “all need to stand in the interest of our children”.The Prime Minister joined scores of residents, public officials, members of the private sector and civic groups, in the rehabilitation of the park under the theme: ‘Labour of Love, Nurturing our Children.’Scores of volunteers gathered from early in the morning, to paint, erect a perimeter fence, install concrete benches, tables, swings, slides, and plant flowers and trees, among other activities.The Prime Minister used the occasion to once again declare the Government’s commitment to the protection of children.“We do not want any child to be ignored; all should be taken care of. So anything to do with their education, and their care and protection, will always be given serious attention. I want to encourage communities to care for and protect the children,” she said.For his part, Member of Parliament for Eastern St. Thomas, Hon. Dr. Fenton Ferguson, informed that he has committed $5 million to continue work at the park “to ensure that it becomes a treasured recreational ground”.“We have done all the design work for the park, and we are going to transform this park. It is going to become our own Emancipation Park in St. Thomas. It is going to be a wonderful area for our people and our children,” he said, while calling on residents to protect the facility.Acting Principal Director of Culture at the Ministry of Youth and Culture,Dr. Janice Lindsay, said the focus on protecting children “really made a difference for Labour Day 2015, as the theme really got people working.”Corporal Donavon Gordon of the St. Thomas Police Community Safety Branch, said the Labour Day focus on children will boost measures to keep children safe.Western St. Thomas Member of Parliament, James Robertson, informed that some 20 projects were undertaken in his constituency through the Social Development Commission (SDC), including restoration of a bypass in the Mount Vernon/Jones Pen area “where we have a major breakaway.” RelatedChildren’s Institution in Spanish Town Renovated All Jamaicans Must Stand In The Interest Of Children – PMJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedYouth Minister Says Thanks Photo: Yhomo Hutchinson Prime Minister, the Most Hon. Portia Simpson Miller (centre), assists children as they play on the new swings installed today (May 25), at the Rudolph Elder Park in Morant Bay, St. Thomas. The facility was designated as the National Labour Day project. Others (from second left) are: Member of Parliament for Western St. Thomas, James Robertson; Member of Parliament for Eastern St. Thomas, Hon. Dr. Fenton Ferguson; and State Minister in the Ministry of Local Government and Community Development, Hon. Colin Fagan.center_img Story HighlightsPrime Minister, the Most Hon. Portia Simpson, has commended the volunteers who came out to work on the Rudolph Elder Park in Morant Bay, St. Thomas, which was the National Labour Day project.She said the strong turnout of persons, including opposing political representatives, sends a signal that “all need to stand in the interest of our children”.The Prime Minister joined scores of residents, public officials, members of the private sector and civic groups, in the rehabilitation of the park under the theme: ‘Labour of Love, Nurturing our Children.’ FacebookTwitterWhatsAppEmail RelatedBasic School in Rae Town Gets Facelift Advertisementslast_img read more

March 1

Saudi Arabia Purchases $500 Million Stake In Live Nation

first_imgThe government of Saudi Arabia has purchased over $500 million worth of stock in Live Nation, Ticketmaster‘s parent company. This translates to a roughly 5.7 percent stake in the ticketing and event corporation.The Live Nation investment marks the latest move by the government’s Saudi Public Investment Fund, which is now the third largest shareholder of Live Nation. According to a public filing with the Securities and Exchange Commission, the fund acquired 12,337,569 shares on Monday.Related: 800+ Independent Venues & Promoters Form Coalition, NIVA, To Seek Federal Aid During COVID-19 CrisisThis highly publicized move has already proved to be a boon for Live Nation, raising the stock by two percent just minutes after the market opened. By the end of the day, Live Nation’s stock was trading at $42.01, a 9.86 percent jump from the previous day. As the live music industry continues to be rocked by the spread of the novel coronavirus, this investment couldn’t have come at a better time. Live Nation’s stock is currently down 40 percent from this time last year, even with the investment from Saudi Arabia.The company has implemented various measures to cut costs including furloughs, hiring freezes, 50 percent pay cuts for top executives, and company CEO Michael Rapino forgoing his $3 million salary. These internal measures still can’t save Live Nation from the reality of having to provide millions of dollars worth of ticket refunds for affected shows, an ever-evolving situation which has frequently drawn public ire.Interestingly, this is not the first beleaguered company that the Saudi Public Investment Fund has supported throughout the pandemic. Earlier this month, the Fund acquiured an 8.2 percent stake in Carnival Corp, the cruise operator which has also been hit particularly hard by COVID-19, with its stock down 75 percent from last year. As a result of the Saudi government’s investment, the stock rose nearly 30 percent the day the purchase was announced.The Live Nation investment is likely a result of Saudi Arabia’s interest in increasing tourism to the kingdom, at least before international travel was halted. The government has tried to make live events part of its tourism draw, especially concerts. Last October, K-pop sensation BTS performed a solo stadium show, the first foreign band to do so in Saudi Arabia. Even with the Live Nation investment, the kingdom may still have trouble drawing in entertainers. Many in the entertainment industry, particularly in Hollywood, have refused Saudi business after the killing of journalist Jamal Khashoggi last year. Firms have returned investments as well as canceled international conferences in Saudi Arabia as a result of the international controversy. Once live music opens back up, that industry may very well also shun Saudi Arabia, despite its Live Nation investment.[H/T Hollywood Reporter]last_img read more

December 19

The compliance paradox: Budget vs. value

first_imgby. Shelbey BallantyneIt’s a given: successful financial institutions devote a lot of resources to compliance. And rightfully so, considering the potential fines and penalties of non-compliance. However, no institution wants to spend more money on this area than it absolutely has to—hence the constant innovation in the direction of the competitively priced cloud-based solutions (like NeighborBench, of course). But choosing between economy and quality can seem like a contradiction in terms. Before you dive into a new system, let’s review the options.The lowest-cost compliance resource undoubtedly remains using information straight from the regulatory agencies. This information, which is regularly produced, is extensive and available at no material cost. Lower cost means greater accessibility, which achieves the agencies’ goal of increased awareness of regulatory compliance. Of course, they’re also the ones who deliver the highest cost non-compliance adherence penalties, so perhaps it evens out in the end.The downside to using the information from regulatory agencies is the sheer volume. As would be expected, the resources from the government often come en masse with limited “sifting” and generally require internal resources to wade through and prioritize the data. Pages and pages of data.If seemingly endless reading isn’t your cup of tea, you can “go it alone” and supplement with information from the web. A quick search of the Internet beyond regulatory sites will yield nearly unlimited sites seeking to advise on compliance issues. A review of these sites can result in beneficial insights to compliance matters, but again require the user to have a foundational understanding of the information presented in order to identify what is relevant to the user’s financial institution. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more