Mauritius Union Assurance Co. Limited ( 2010 Annual Report

first_imgMauritius Union Assurance Co. Limited ( listed on the Stock Exchange of Mauritius under the Insurance sector has released it’s 2010 annual report.For more information about Mauritius Union Assurance Co. Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Union Assurance Co. Limited ( company page on AfricanFinancials.Document: Mauritius Union Assurance Co. Limited (  2010 annual report.Company ProfileMauritius Union Assurance Co. Limited offers general insurance for individuals and corporates. The company operates through Casualty, Property, Life, and Other segments, where the Casualty segment offers motor, liability and cash in transit, personal accident and health insurance products. The Property segment provides fire and allied perils, engineering, marine, and all risks insurance products. The Life segment offers life and pension insurance products. The Other segment provides stock-broking services. The company provides additional financial services as well, where housing, educational and vehicle loans are offered. Mauritius Union Assurance Co. Limited has four subsidiaries that work under it, Feber Associates Ltd, National Mutual Fund Ltd and Phoenix TransAfrica Holdings Ltd are fully owned subsidiaries. The Group also owns an 80% stake in Associated Brokers Ltd. Mauritius Union Assurance Co. Limited is listed on the Stock Exchange of Mauritius.last_img read more

How did Terry Smith and Nick Train fare after the stock market crash?

first_imgHow did Terry Smith and Nick Train fare after the stock market crash? See all posts by Harvey Jones Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Addresscenter_img Harvey Jones | Monday, 5th October, 2020 Our 6 ‘Best Buys Now’ Shares Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. A stock market crash can make or break reputations. Terry Smith, who manages Fundsmith Equity, and Nick Train, one half of dynamic fund duo with Michael Lindsell, are possibly the two biggest names in fund management today. They have built their reputations on delivering years of solid growth, from a concentrated portfolio of conviction stocks.New figures from platform AJ Bell suggest they’ve lived up to their reputations, by putting in a solid performance since the depth of the stock market crash on 23 March. It’s hardly been earth shattering though.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Fundsmith Equity and Lindsell Train Global Equity have climbed by around a quarter in the six months after stock market crash, as equities fought back worldwide.Smith and Train aren’t all-conquering super heroes though. While Fundsmith Equity grew 30% in the last six months, according to Trustnet, that was only marginally ahead of the 29% growth on its benchmark, the Investment Association Global index. Lindsell Train Global Equity, which has the same benchmark, trailed by growing just 23%.Stock market crash reboundLongstanding investors won’t be complaining though. Fundsmith Equity and Lindsell Train Global Equity are the two most popular funds on the AJ Bell platform, and with good reason. Measured over five years, Fundsmith Equity is up a thumping 154%, while Lindsell Train Global Equity is up 125%. Both thrashed their benchmark, which grew 81% over the same period.Almost 70% of Fundsmith Equity is invested in the US, which has held up in the stock market crash. Microsoft, PayPal and Facebook are the three biggest holdings in his portfolio. This is largely a US fund and has benefited from that country’s lengthy bull run.Lindsell Train Global Equity also has hefty US exposure, with PayPal, PepsiCo, Intuit and Walt Disney all in the top 10. Nick Train gives UK shares more exposure, with Unilever his fund’s single biggest holding at 8.79%, while Diageo is the third biggest at 7.65%, followed by the London Stock Exchange at 7.3%. Train’s second biggest stake is in Heineken Holdings.American heroWhile both funds have held up, others in AJ Bell’s top 10 most popular funds have fared better since the stock market crash. Baillie Gifford American, third most popular, has thrashed them both by growing an incredible 101.3% in six months. Baillie Gifford Global Discovery grew 72.6% and Baillie Gifford Positive Change returned 71.3%. That’s an impressive hat-trick by the fund manager.Tech also features heavily in the AJ Bell list of 10 most popular funds. Polar Capital Global Technology is up 43.6% since the stock market crash, with L&G Global Technology up 47%. These funds benefited as the internet remained open for business.The most popular funds before the stock market crash remain broadly the most popular today, which suggests investors have not revised their views too much. I’ll be interested to see how long Smith and Train can remain top of the tree. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Call for the release of two journalists held following raid on newspaper

first_img News Reporters Without Borders today called on the Gambian government to release The Independent’s managing director, Madi Ceesay, who has been held since a police raid on the biweekly’s offices yesterday, and its editor, Musa Saidykhan, who was arrested the previous night. The two men spent the night in the Major Crimes Unit at Banjul police station and are still being held there. RSF_en Organisation Gambia still needs to address challenges to press freedom Follow the news on Gambia August 6, 2020 Find out more News to go further March 29, 2006 – Updated on January 20, 2016 Call for the release of two journalists held following raid on newspaper July 23, 2019 Find out more News January 27, 2020 Find out more Receive email alerts News Gambia: former president must stand trial for journalist’s murder Reporters Without Borders today called on the Gambian government to release The Independent’s managing director, Madi Ceesay, who has been held since a police raid on the biweekly’s offices yesterday, and its editor, Musa Saidykhan, who was arrested the previous night.Gambia Press Union coordinator Demba Ali Jawo told Reporters Without Borders at noon today that “the two men spent the night in the Major Crimes Unit at Banjul police station and are still being held there.” While Jawo has been able to confirm where they are being detained, he has not been able to visit them. They have not so far been charged.“Gambian journalists are once again paying dearly for the contempt in which they are held by President Yahya Jammeh,” Reporters Without Borders said. “Expressing a critical opinion or publishing irritating reports are viewed as crimes of lèse-majesté in Gambia. Despite the promises it gave to the privately-owned press, Jammeh’s government continues to act in the way to which we are accustomed, with brutal repression.”The press freedom organisation added: “It is time the African Union, the European Union and the United States made President Jammeh understand that such practices are unacceptable.”Police from the Criminal Investigation Department and the elite Police Intervention Unit raided and sealed off The Independent’s offices yesterday morning, arresting all the employees who were there. Everyone was let go later in the day except Ceesay, who recently took over as managing director and who is also the Gambia Press Union’s president, and Saidykhan, who had been arrested at his home at around midnight the night before.The newspaper’s staff think the raid and arrests were prompted by a report in the 27 March issue quoting Halifa Sallah, the leader of the opposition National Alliance for Democracy and Development (NADD), as saying Jammeh was “wealthier than the Gambia” and by a column by Ceesay criticising coups, both an alleged coup plot on 21 March and the coup that brought Jammeh to power in 1994.Secretary of state for communication and information Neneh Macdouall Gaye assured the Gambian press on 14 February that, in the run-up an African Union summit due to be held in Banjul in July, the government was determined to usher in a “new era” in its relations with the privately-owned media. But at the same time, she asked journalists to “give a positive image” of Gambia.Saidykhan was previously arrested on 27 October for publicly calling on South African president Thabo Mbeki to press the Gambian government for progress in the investigation into the December 2004 murder of journalist Deyda Hydara, which is still unsolved.The Independent was the target of repeated operations by Gambia’s National Intelligence Agency (NIA) in 2003 and 2004 and its owners, fearing for their safety, live abroad. Its former editor, Abdoulie Sey, was arrested and detained illegally for several days, while the newspaper’s press was set on fire, probably by members of the presidential guard.Hydara was gunned down at the wheel of his car on the night of 16 December 2004 as he was driving two employees home. He was the co-founder and editor of The Point, a newspaper published three times a week, as well as being the Banjul correspondent of Agence France-Presse (AFP) and Reporters Without Borders.He had often been threatened for publicly criticising the government, and was under surveillance by the NIA on the night of his murder, Reporters Without Borders established in the course of two investigative visits to Banjul. Help by sharing this information Three journalist arrested, two radio stations closed in Gambia GambiaAfrica GambiaAfrica last_img read more

Increase in bottlenose dolphins off Donegal coast

first_img HSE warns of ‘widespread cancellations’ of appointments next week News Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ By News Highland – August 12, 2011 Following an increase of dolphins off the Donegal coast, people are being warned to be cautious and not to engage with them.Around 100 bottlenose dolphins have been spotted in the inner Donegal Bay between Rossnowlagh Beach and Doorin Head over the past few days.Onlookers will be able to see the dolphins from Mullaghmore and St Johns Point.While Dr Simon Berrow from The Irish Whale and Dolphin Group is encouraging people to go see the dolphins, he’s warning people not to get into water with them….[podcast][/podcast] PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Google+ Pinterest Previous articleAbuse survivor angered by Bishop’s response to media claimsNext articleDonegal man guilty of “disgusting behaviour” in Derry News Highland Increase in bottlenose dolphins off Donegal coast Facebookcenter_img WhatsApp WhatsApp Facebook 365 additional cases of Covid-19 in Republic Twitter Dail to vote later on extending emergency Covid powers RELATED ARTICLESMORE FROM AUTHOR Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Pinterestlast_img read more

Girl Scouts to set up booth for annual sale

first_imgLatest Stories Print Article Thief strikes at CVS: Troy Police asking for publics’ help in identifying suspect By Huck Treadwell The Troy Police Department is searching for a suspect that was captured on video during a theft… read more Plans underway for historic Pike County celebration Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Girl Scouts to set up booth for annual sale Email the author The troop leader expressed appreciation to all those who have supported Troop 9815’s cookie sale.“With Covid-19 restrictions, we have been limited in how we could sell cookies this year,” McPhail said. “But people have been very supportive and we hope to sell more cookies Saturday at Walmart and then at the drive-thru on Saturday, March 6. We will continue to take cookie orders until the sale ends on March 7.”McPhail said the money Troop 9815 receives from the cookie sale is used for troop activities.“The Girl Scouts decide how they want to use the money, whether they want to do something here or go out of town,” McPhail said. “Of course, going camping is always a popular choice.” The 2021 Girl Scout Cookie Sale will end on March 7 so, time is short to stock freezers with enough of one’s favorite cookies to last until next year.Troy Girl Scout Troop 9815 will have a cookie booth at Walmart from 9 a.m. until noon on Saturday. Orders for the cookies may be placed by calling 334-482-2248.Toia Mc-Phail, Troop 9815 leader, said the good news is that her troop has cookies to sell but the sad news is the very popular caramel chocolate chip cookies are sold out. Published 6:08 pm Thursday, February 25, 2021 The troop will purchase cookies to present to their Hometown Heroes.“Their Hometown Heroes include our first responders and they will take Girl School Cookies to them as a way of saying ‘thank you’ for all they do to protect our community,” McPhail said. Pike County Sheriff’s Office offering community child ID kits By The Penny Hoarder Remember America’s heroes on Memorial Day Sponsored Content By Jaine Treadwell “But, we do have all eight of the other cookies including the ever-popular Smores that will be retired this year,” McPhail said. “So, this will be the last opportunity to get the Girl Scout Smores.”On the last weekend of the cookie sale, Troop 9815 will have a Girl Scout Cookie drive-thru from 9 until 11 a.m. Saturday, March 6 in the parking lot of the former Food World location.“If the response to the drive-thru sale is good, we will continue to sell cookies for another hour or so,” McPhail said. Troy falls to No. 13 Clemson You Might Like Book Nook to reopen Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Bad behaviour costs dear

first_imgBad behaviour costs dearOn 1 Oct 2002 in Personnel Today The manner in which managers at City brokers Cantor Fitzgerald tried tointroduce new financial terms for two of its brokers ultimately invalidatedvital restrictive covenants in their contracts. Chris Southam urges firms tolearn the lesson that macho management can have unforeseen consequencesLap dancing as R&R, aggressive and foul language and telephone numbersalaries – it’s no surprise that the national press jumped on this summer’slegal spat between City broking heavyweights Cantor Fitzgerald and ICAP withunabashed glee. But now that the brouhaha has died down, it is well worth having a lookbeyond the silly season copy to see whether there are any lessons for HRpractitioners to take away. This was not exactly an everyday tale of country folk but then again, therewas nothing earth-shattering about the legal issues. It was simply an everydaytale of rival businesses competing for the best staff in their field. Of coursethere was a salacious element – but that was by-the-by. So what was all the legal fuss about? Simply this. Three City brokers employedby Cantor Fitzgerald wanted to join Cantor’s main rival, ICAP. (There had beenan unsuccessful attempt at a no-poaching protocol after September 11 whenCantor so tragically lost a substantial number of its most talented people.) Unreasonable restraint ICAP very much wanted to recruit the brokers – Edward Bird, Luigi Boucherand Spencer Gill, three extremely talented and profitable people. There is, ofcourse, a ‘but’. The three employees had all signed up to contracts with CantorFitzgerald which contained some extremely restrictive covenants. These,broadly, can be described as non-solicitation of customers, non-competition(such as by joining a competitor) and non-poaching of employees. A great deal of care had gone into drafting the relevant clauses and theyseemed watertight. What the three brokers wanted to do was to ‘bust thecovenants’. One way would have been to demonstrate that the covenants were anunreasonable restraint of trade and thus, as a matter of public policy,unenforceable. Here the competing interests are clear: the brokers wanted to befree to sell their services to anyone; Cantor, having paid them an awful lot ofmoney, wanted to protect its client base and, equally (if not more)importantly, protect the stability of its workforce. Wooing a large andprofitable team away from a competitor is seen as a real coup. The loss of sucha team can be extremely damaging – hence the ‘no poaching’ clause. It is interesting to note that none of the brokers sought to argue that anyof the restrictions Cantor sought to enforce was an unreasonable restraint oftrade. So how could they walk away from their covenants with impunity? It isonly now that we get to some real law. The three brokers had to rely upon thecommon law concept of repudiatory breach. Briefly, this occurs where anemployer acts so badly towards an employee that the latter is entitled toresign and complain of constructive dismissal. Repudiatory breach Not every breach will allow an employee to make this complaint – it has tobe one that goes to the root of the contract. An obvious example is aunilateral and substantial reduction in someone’s remuneration. A boss shakingan employee warmly and painfully by the throat is also likely to qualify. Sowhat is the result of a repudiatory breach? The employee is entitled to treatall his obligations under the contract as at an end. These will includerestrictive covenants. The principle is that, if the employer has been inrepudiatory breach of contract, he can no longer rely on covenants expressed toapply after the termination of employment. So that was what this case was all about. Citing foul and aggressivelanguage, and the way in which certain managers at Cantor wished to introducenew financial terms, the three brokers relied upon the oft-quoted implied termof mutual trust and confidence. Broadly, this means that an employer must not,without reasonable and proper cause, conduct itself in a manner calculated andlikely to destroy or seriously damage the relationship of confidence and trustbetween employer and employee. It does not have to be just one incident – therecan be an accumulation of improper acts, the last of which could constitute thestraw that breaks the camel’s back. For the facts of this particular case, go to the 60-page judgment of MrJustice McCombe – but it is the conclusions that are important. The learnedjudge held that Cantor did commit repudiatory breaches against Bird and Gill,but did not do so against Boucher. The breaches related to Cantor’s attempts tomake Bird and Gill accept a ‘new deal’. In their case, the issue was handled onCantor’s behalf by Daniel La Vecchia and in Gill’s case ‘significantly by Mr[Lee] Amaitis’. In Boucher’s, it was handled by Xavier Alcan. In the judge’s words: “Mr La Vecchia and Mr Amaitis had very differentstyles to Mr Alcan. Mr La Vecchia was tough, domineering and persistent in hishandling of the matter.” He was “extremely forthright, and as wasstandard with his manner of speech, there was much use of swearing andobscenities. The explanations of the new proposals were perfunctory andmisleading. Nothing was provided on paper except the odd letters which were themselvesopaque and open-ended…” When Bird indicated that he was thinking ofleaving Cantor, “this led to some very unpleasant remarks about [what]Amaitis would do in response at the insistence of Mr La Vecchia.” Behaved disgracefully There was discussion of a meeting between Gill and Amaitis which the judgepreferred to describe as an ‘encounter’ in which “Amaitis behaveddisgracefully. Even by the robust standards of this trade, the language andcomments of É Amaitis on this occasion may well, on their own, have crossed thethreshold of conduct repudiatory of the employment contract.” So the judgeheld that Cantor had breached that implied term of mutual trust and confidence– and there was no reasonable or proper cause for this. Thus happy to haveescaped their covenants, Bird and Gill exited stage left. Boucher was not so lucky. It is clear from the judgment that Alcan’shandling of Boucher was much more diplomatic. Discussions were much morecordial and, at the end of it all, the judge felt that Cantor had not committeda repudiatory breach and that it was Boucher himself who was in repudiatory breachby resigning without giving proper notice. So what is the moral of all this? It does not matter how well restrictivecovenants are drawn. They may pass muster at trial and, better still, maydeter. But defeat can be snatched from the jaws of victory by an employercommitting that fatal repudiatory breach. Macho management may be de rigueur in some parts of the City, but suchbehaviour can cost an employer dear. Some managers may need to brush up theirskills in tact and diplomacy. If they simply cannot do so, perhaps it is betterto keep them out of what, in Cantor’s case, turned out to be harm’s way. Christopher Southam is a partner in Speechly Bircham’s Employment LawUnit Lessons learned from the case– Post-termination protection willnot be challenged by employees if well drafted.– If action is to be taken to protect the business, approachthe issue in a holistic fashion. Introduce both garden leave andpost-termination protection into contracts of employment.– All contract of employment protection, whether garden leaveor post-termination restrictions, is reliant on the employer acting properly.– Do not allow a climate of bullying and bad behaviour todevelop. It can lead to significant risks to the business and such behaviourcan have a major impact on contract protection.– Ensure that e-mail traffic and other communications withinthe business are conducted in a professional and businesslike manner, in the knowledgethat such traffic will be disclosed in any court action. Related posts:No related photos. Previous Article Next Article Comments are closed. last_img read more

Andy Hess of USU Golf Advances at Utah State Amateur

first_img Written by Brad James Tags: Andy Hess/Cole Ponich/Jack Sargent/Jason Wight/USU Golf June 13, 2018 /Sports News – Local Andy Hess of USU Golf Advances at Utah State Amateur FacebookTwitterLinkedInEmailLOGAN, Utah-Wednesday, as the Utah State Amateur ensued at the Oakridge Country Club of Farmington, Utah State’s Andy Hess advanced to Thursday’s round of 32 with a win over Zach Jones, 1-up.Hess, a sophomore-to-be out of Idaho Falls, Idaho, is ranked 31st overall and never trailed against the #34 seed Jones.Hess birdied holes 10, 11 and 12 to go 3-up but gave one back on the 13th hole as he bogeyed, while Jones made par.Hess parred the 16th hole and Jones made birdie, leaving the Aggie only 1-up after heading into the final two holes of the match.The two players halved Nos 17 and 18 as Hess held on and advanced.Hess next faces #63 Jack Sargent who upset second-seeded Cole Ponich, 2 and 1.After his successful Wednesday, Hess said “I have to control what I can tomorrow and let the results take care of themselves.”Hess is seeking to become the first Aggie to win the Utah State Amateur since Jason Wight took the crown in 1995 at the Logan Golf & Country Club.His 5 and 4 victory over John Tagge of Utah commemorated the third straight year an Aggie won this event.last_img read more

Exeter undergrads threatened with ‘serious consequences’ after bop mayhem

first_imgExeter College undergraduates have been told there will be “serious consequences” following their behaviour at Friday night’s bop.Sub-rector Barnaby Taylor said in an email to all undergraduates, seen by Cherwell, that attendees’ conduct was “wholly unacceptable”.Cherwell understands that for the second year in a row, a fire alarm on a back quad staircase in Exeter’s main Turl Street site was set off soon after the bop concluded, just after midnight.One of the college’s junior deans then entered the chapel – the college’s fire assembly point – brandishing a can of deodorant, presumed to have been left by the relevant fire alarm.At the time of release of the bop’s theme – ‘anything but clothes’ – the Exeter College Entz Facebook page told students: “Use bin bags, toilet paper, news paper, boxes, bags and even that shite essay you don’t have the heart to give to your tutor. But please no nakedness though.”But by the time they had reached the chapel, most of the attendees were only partially dressed, and chants of Frankie Valli’s ‘Can’t Take My Eyes Off You’ and Robbie Williams’ ‘Angels’ were in full swing. In February, Cherwell reported on an email he sent to undergraduates after a bottle of vodka had been discovered in the college library.“Drinking alcohol in the library is not allowed. I am astonished that I should have to point this out,” he wrote.Neither Taylor nor the college’s junior deans responded to Cherwell’s requests for comment.Following Friday’s bop, one second-year student told Cherwell: “Despite there being some slight causes for concern over safety and security, the manner in which the junior deans handled the situation was awful. “How on earth can you be so short-sighted to believe you could argue and order about a group of drunken students with such a condescending tone? “They took it all far too personally when in reality no-one was causing any damage and no one was in danger. They should have told us all to fuck off rather than give a personal diatribe about their disgust in our behaviour.” The junior dean and the college bar’s manager proceeded to shout furiously at students, condemning their conduct.Footage seen by Cherwell shows one of the junior deans addressing students in the chapel. In the video, the dean says: “The other issue I have is not with the person who set the fire alarm off: it’s with all of you.”Predictably, the response was not overwhelmingly positive: the rest of the video shows furious booing and shouting from students.The news comes just days after St Peter’s College JCR was fined £594, after drunken students damaged the JCR’s ceiling.In his email, Taylor told undergraduates: “Those who were at the JCR bop on Friday night will not need me to tell them that the behaviour of many attendees was wholly unacceptable.“I was saddened to learn of Exeter students acting with such disregard for the good order of our community,” he said, “and with such disrespect towards those members of College staff whose job it is to help you and to keep you safe. It is not the first time that Taylor, who is in his first year as sub-rector, has faced difficulties regarding undergraduates’ behaviour.center_img “Naturally these events will have serious consequences, both for the students responsible and for the future of JCR social events at Exeter. Any students who have since come to regret their behaviour are invited to contact me in order to discuss it.” A fresher at St. John’s College, who attended the event, told Cherwell: “That bop, unlike many, including most of those at my college, was truly fun. “The room was packed the whole night, people had put serious effort into their costumes, and there was a real sense that people were getting on.“Almost every college prospectus goes on about being tight-knit and sociable, but that night, Exeter proved that it actually was.”Exeter’s Entz officers declined to comment.Exeter has developed something of a rowdy reputation for itself over the past year. Last June, a Cherwell investigation revealed that its students go clubbing more often – 1.7 times per week – than students at any other college.The month before, undergraduates were warned by a junior dean not to post about drug use online, after alluding to ketamine use on public Facebook groups.last_img read more


first_img Please take time and read our newest feature articles entitled “LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS” posted in our sections. You now are able to subscribe to get the CCO daily.If you would like to advertise in the CCO please contact us City-County [email protected]’S FOOTNOTE:  Any reader’s comments posted in this column do not represent the views or opinions of the City County Observer or our advertisers.FacebookTwitterCopy LinkEmailShare  Todays ‘Readers Poll” question is : Do you feel its time for the taxpayers of this community  to start holding our public officials accountable for their bad business decisions? IS IT TRUE about 3 years ago the Director of Evansville DMD purchased a vacant and dilapidated block building located in a seedy part of town located on North Main Street for around $650,000?  …over the years the Director of the Evansville DMD announced that he found individuals that wanted to develop this building into something that the community will be proud of?  …today the building looks the same way it did when DMD purchased it from the former owner many years ago?  …we wonder if anyone in the private sector would pay $650,000 for a vacant block building located in a seedy part of town without any plans to develop it?IS IT TRUE that City of Evansville has invested an insane amount of money in the Downtown Business District over the last 20 years? …between the $127 Million Ford Center, a $60 million hotel, $40 million for The Centre, $20 million for the refurbishment of the Victory Theater, and close to $100 million for the new downtown IU Medical School plus the Signature School there has been $350 Million tossed into the two blocks closest to the Civic Center?  …lets not forget the cost to purchase the land for the new downtown Hotel and IU Medical school? …sauntering on down the street to the waterfront we can add Innovation Pointe, renovating the river front, McCurdy Hotel, the Greyhound Bus, Old Post Office building and a $4 million reversal of direction of Main Street to bring the total to many hundred of million of dollars ?…that does not include CMOE and the Evansville Museum expansion or some fancy street lamps in the Historic District?…it also ignores the assault on the public treasury by the Front Door Pride program or the many hundred of thousands of dollars spent in and around Haynies Corner area? …we should forget to add the cost involved in moving the LST to the new site next to new on land Tropicana gaming establishment? …the total number of public and private dollars thrown at downtown Evansville from all of these projects could be around one (1) billion dollars?IS IT TRUE whats so amazing is after investing almost a billion dollars in the Downtown Business District it is still incapable of attracting or supporting a grocery store or pharmacy?IS IT TRUE we now hear that the Business District is going to be transformed into a progressive business district if the Southwest Indiana Chamber Downtown Alliance can convince the downtown merchants and property owners to raise taxes on themselves by $625,000 per year? …given the fact that almost a billion dollars have been invested in the Downtown Business District over 20 plus years hasn’t made an significant economic impact on that area is very disappointing?IT IT TRUE we hope that the Southwest Indiana Chamber Downtown Alliance proposal to transform the downtown Business District into something that the community will be proud of is not just another “Pie In The Sky” idea?center_img IS IT TRUE we are astonished to learn that after determining that the North Main street road was too narrow, that a fairy with pixie dust must have widened the road because it has been announced that the City has decided to live with what they have until someone else doesn’t and then it will be lawsuit time because of weekly accidents on North Main street? …we wonder when the taxpayers of this community are going to start holding the officials at the Evansville DMD accountable for their bad business decisions?IS IT TRUE that the SKANSKA ad posted in a local paper is calling the new Downtown IU Medical Complex the Multi-Institutional Academic Health Science Health Facility?IS IT TRUE we wonder why members of the mainstream media hasn’t published any detailed information about the City of Evansville proposed 2018 city budget?last_img read more

Speech: Speech by the Chief Secretary to the Treasury at the Spectator Housing Summit

first_imgFor me, it’s personal.As Virginia Woolf said: A woman must have money and a room of her own.What she was talking about was having the power to shape her own life.So, as a 21-year-old graduate from Leeds, I followed that advice.I headed for the bright lights, big city for my first job as an accountant.We want the next generation to have the chance to better themselves, to be able to move where there are the best jobs and the best opportunities.Young people are at the forefront of a huge shake up of the economy.They are the freest generation ever: the Uber-riding, Deliveroo-eating freedom fighters.They’re not just hungry for pizza, they’re hungry for success.They have the desire to shape their own future.But at the moment they’re spending too much time as frustrated flat hunters. To paraphrase Norman Tebbit, the new generation want to get on their bikes, hit the road, and find the best jobs in the best cities.But even though this generation are keen cyclists, they’re not getting in the saddle.Because it’s no use getting on your bike to find a job, if you end up with nowhere to lock it up.It doesn’t matter where you want to go – Norwich, York or London, if you want to go there and get the best job, you should be able to.I want everyone to be able to move house to get a better job, so they can get on in life.And accepting the status quo is bitterly unfair.[Political content removed]We also need to make sure that the record number of new businesses we have in the UK get access to the best talent.For the sake of society, we need to make sure our villages are viable – that they have the houses, schools and shops to thrive.And for the sake of our economy, we need to let our most successful, towns and cities expand.In Medieval times, Norwich was the second-largest city in England, agriculture’s answer to Silicon Valley.Then, during the industrial revolution, the country marched to the beat of the North, and workers flocked upcountry.It was not so much a gold-rush as a cold-rush.The point is that when towns have their moment, people move to the places where the wages are highest. That’s resulted in Britain’s economy growing faster.Today, London is as productive as Germany, while cities like Oxford, Cambridge and York are bursting with potential.These are towns calling out to workers everywhere, desperate for more hands to the pump.But according to the Resolution Foundation, the share of working age people moving for jobs has gone down by 25 per cent since 2001, with the most significant decline among young graduates.What’s more, the typical person would have been £2000 better off getting on their bike.So we need to need to let these towns off the leash, because we all stand to benefit, in our wages and in our quality of life.A recent study in America by Hsieh and Moretti showed that freeing up housing regulations in New York, San Jose and San Francisco to median levels could increase the US’s GDP by 3.7 per cent, which would mean an extra $3,500 in wages for all workers.But the most productive cities are being held back by zoning requirements.And it’s much the same story in the UK – restrictions on building are holding cities up.Analysis shows that opening up planning is one of the fastest things we could do to boost our country’s productivity.This is why reform is so urgent.It’s restrictions that are causing problems, but there are some out there who say that the solution is more restrictions, more control, more state interference.This is the opposite of what we need.[Political content removed]Others are calling for a £10,000 bung to 25-year-olds – which they’ll all end up paying back in higher taxes.I think it’s a myth that young people want free things. The fact is they want free-dom – to work and live where they choose, and that will take radical action.Because all of these are attempts to cure symptoms.None aim to tackle the underlying issue, which is supply.The answer is not top-down meddling, but encouraging disruption.We need to open up more land to build on.That means challenging the vested interests.We need to challenge the NIMBYs, comfortable in their big houses in suburbia.The fact is that flats and houses need to be built where they are needed.We all want somewhere for our children to live – not least because that means they don’t have to live with us until they are 30!We need to make better use of the land that we have. We are also making plans for the future, including the corridor between the bright lights of Oxford and Cambridge – we have concluded a deal targeting 100,000 new homes by 2031. In the 1930s, before planning system was introduced, there were ~265k houses built by the private sector a year – which goes to show we can do this! We are introducing minimum densities for housing development in city centres, and have extended freedoms to convert certain types of property into housing. And last year, there were 217,000 net additional new homes in Britain, which shows massive progress. We modernised outdated estate agent legislation in 2013, making it easier for excellent websites such as Zoopla to provide the information that renters and house buyers need when deciding where they want to move – including whether their garden is south facing. We’re cutting through bureaucracy and, since overhaul of planning act in 2012, we’ve gone from 200k to 350k planning permissions per year. Britain should be an opportunity nation where you can get on your bike and find a job where you want.This is what I mean by freedom of movement.It’s part and parcel of a free enterprise economy, which is what drives growth and prosperity.Our job in government is to help achieve that.With better and more affordable housing, we can improve social mobility, address wealth inequality, and make sure our country’s opportunities are open to everyone – big or small, north or south, man or woman. According to the CPS, the cost of living and housing are the most important issues. Renters face high housing costs, with nearly half of income going on rents in London on average. The average London house price is 12 times higher than the average London wage – when you can only get a mortgage at four or five times your salary. Meanwhile Airbnb and Spareroom have helped people find – like Harry Potter and his friends – a room of requirement.We need to liberate business planning in high-growth, free enterprise areas.I would like to see more of the development model used to build Canary Wharf – A Canary North!And we also need to look at those councils around the country who are not delivering.[Political content removed]Last November, we singled out 15 other councils that are holding back people who want to develop land and create new opportunities, and the government has started intervening in 3 of these cases.I’m pleased to say, though, that this government allowed local people to make their own neighbourhood plans, so that they can do what’s best for their villages.[Political content removed]That’s why our reforms, put forward by Sajid Javid, and taken forward by James Brokenshire, are so important. We also need to encourage more creative tools that give more power and freedom to the individual. And we’re streamlining the Byzantine planning system, to make it easier for the small firms to compete, to disrupt the market and, through fierce competition, build the houses and offices and factories that will make Britain successful. This goes alongside our investment in infrastructure – a 40-year-high – which will connect all these new homes with the modern roads and railways people need to get around. We’ve removed stamp duty for first-time buyers purchasing a house under £300,000 – that’s 4 out of 5 cases. This will save people £1,700 on average, and help over a million first time buyers getting onto the housing ladder over the next five yearslast_img read more