Change the Outcome or Change the Investment

first_imgIf the outcome your prospective client wants exceeds the amount of money they can invest in obtaining it, something has to change. Either the outcome has to change, or the investment has to change. As it stands, they are in direct opposition to each other.Change the OutcomeChanging the expected outcome can make it possible for your prospective client to use their budget wisely and to generate some portion of the outcome they seek. Maybe achieving  80 percent of the original desired outcome makes more sense with the existing budget.If you find it difficult to speak with your prospective client about their inability to invest the right amount of money to achieve their desired outcomes, you are going to find it even more difficult to tell them that you failed to deliver that outcome because they failed to make the necessary investment. The time to have this conversation is before you agree to an investment that doesn’t match the outcome.You’re better off agreeing to a different outcome, even if it means a different solution, and even if it means you lose the business.Change the InvestmentAnyone can have anything they want, provided they’re willing to pay for it. They can have your gold plated solution if they are willing to make the necessary investment. They can have 24-hour service, as long as they pay for that service. They can have special concessions and customizations that no one else on earth can have, if they want to spend the money.In situations where there is a conflict between the desired outcome and the investment, increasing the investment eliminates any conflict in achieving a prospective client’s desired outcomes. If your prospective client insists on the outcome, you have to insist on the investment.We often fear the wrong dangers. We fear asking the prospective client for more money once they’ve told us their budget, when the real danger is taking their money and failing them.If your prospective client wants champagne, they need a budget to match their desire. If their budget dictates that they can only afford beer, they can only afford beer. Even if they really want champagne.last_img read more

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Less tasty shrimp, thanks to climate change

first_imgClimate change won’t just harm marine life—it could also affect how it tastes. A new study finds that as oceans become more acidic—thanks to the carbon dioxide emissions they suck up—they will sour the flavor of shrimp. Researchers took hundreds of northern shrimp (Pandalus borealis, pictured) and put them in tanks with water either of current acidity (pH 8) or projected acidity for 2100 (pH 7.5). The waters were 11°C, at the higher end of the range that shrimp can normally tolerate. The researchers chose that temperature to put their bodies under stress and thus make acidification’s effects stand out more. After 3 weeks, the team counted the number of surviving shrimp and did a taste test with 30 connoisseurs. Shrimp from less acidic waters were 3.4 times as likely to be judged the tastiest, while those from more acidic waters were 2.6 times as likely to be rated the worst tasting. Moreover, shrimp in the more acidic waters were 1.6 times as likely to die, the researchers reported last month in the Journal of Shellfish Research. The findings don’t doom the shrimp industry, but they do show how ocean acidification’s effects on seafood could extend well beyond simple matters of future seafood supplies to issues like quality. It’s possible, the researchers say, that shrimp may find a way to adjust, at least somewhat, to higher acidity in the long run and that acidification may have slightly different effects at different temperatures.last_img read more

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Obiena bags pole vault bronze

first_imgDon’t miss out on the latest news and information. Obiena settled for the silver medal in the 2015 Singapore SEAG behind Thailand’s Porranot Purahong, who set a new record of 5.30m at that time.For the past five months, Obiena has been training at the IAAF Pole Vault Training Center in Fornia, Italy under legendary Ukranian coach Vitaly Petrov with Olympic gold medalist Thiago Braz as training partner.Sports Related Videospowered by AdSparcRead Next LATEST STORIES Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Nikki Valdez rushes self to ER due to respiratory tract infection Ernest John Obiena broke into the continental elite circle of men’s pole vault after claiming the bronze medal in the 22nd Asian Athletics Championships in Bhubaneswar, India.Obiena cleared 5.50 meters late Thursday night to join gold medalist Ding Bangchao of China and silver performer Masaki Ejima of Japan on the winner’s podium. Both Ding and Ejima hurdled the bar at 5.65 meters.ADVERTISEMENT View comments Lacson: SEA Games fund put in foundation like ‘Napoles case’ Pagasa: Kammuri now a typhoon, may enter PAR by weekend Another vape smoker nabbed in Lucena MOST READ A second-generation pole vaulter, the 6-foot-2 Obiena attempted to push his luck at 5.65m but his lower torso grazed the bar on the third and final try.Just the same, the 21-year-old son of Filipino pole vault great Emerson Obiena managed to squeeze into the Asian royalty of the event usually dominated by China, Japan and South Korea.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsHe recently earned a silver medal with his 5.50m performance in the recent International Athletic Meeting in Velenje, Slovenia.“EJ has been making progress,’’ said Philippine Athletics Track and Field Association president Philip Ella Juico. Pagasa: Kammuri now a typhoon, may enter PAR by weekend Batangas stint chance to play, improve for Forrester Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ China furious as Trump signs bills in support of Hong Kong LOOK: Jane De Leon meets fellow ‘Darna’ Marian Riveralast_img read more

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Nearly 80 per cent voter turnout in Phase 2 of WB polls

first_imgKolkata, Apr 17 (PTI) In a heavy turnout amid reports of sporadic violence, close to 80 per cent of the electorate cast their votes till 5 PM in the election to 56 West Bengal Assembly constituencies in the second phase.Overall, 79.70 per cent voters exercised their franchise in six districts of north Bengal and Birbhum of south Bengal till 5 PM.In Alipurduar, 82.07 per cent voting were recorded, in Jalpaiguri 77.69 per cent, Darjeeling 74, North Dinajpur 78.90, South Dinajpur 82.72, Malda 79.60 per cent and Birbhum 82.89.In seven constituencies of Birbhum, affected by left-wing extremism, polling concluded early at 4 PM as a precautionary measure. Voting went on till 6 PM in the remaining seats.After compilation and scrutiny, final voting percentage figures will be available tomorrow, sources said.Controversial Trinamool Congress leader Anubrata Mandal, who has been put under round-the-clock surveillance by the Election Commission, faced the ire of the poll panel for not following their instructions.Two FIRs- one for going out of his constituency despite warning and another one for going to cast vote sporting party symbol on his kurta – are being lodged against him.Besides sporadic cases of violence, poll boycott call over local developmental issues was also given at a handful of booths in Malda and Birbhum.”But they were persuaded to vote after which normal polling proceeded,” West Bengals chief electoral officer Sunil Gupta said.In the second phase, over 1.2 crore electorate will decide the fate of 383 candidates, including 33 women. (MORE) PTI NIK MD SKlast_img read more

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Shoaib Malik ton powers Pakistan to ODI series win over West Indies

first_imgShoaib Malik hit a majestic six to secure his century and a six-wicket victory as Pakistan swept to a series triumph over West Indies in their third and final one-day international on Tuesday. (Scorecard)After West Indies had reached 233/9 from their 50 overs and then made early inroads into Pakistan’s batting order, Malik (101) and Mohammad Hafeez (81) turned on the style to see the tourists through to 236/4 with nearly seven overs to spare.Malik reached his total from 111 deliveries with the help of 10 fours and two sixes, with the second one proving to be the match-winner off Jason Holder.Earlier, Shadab Khan (2/57) and Junaid Khan (2/60) had led the attack for Pakistan, which sealed a 2-1 series victory.Middle-order batsmen were the driving force of the West Indies innings with Shai Hope top-scoring with 71, Jason Mohammed adding 59 and Kieran Powell chipping with a useful 23 after the hosts had managed only 40/2 after losing openers Chadwick Walton and Evin Lewis.Hope ground out the runs, scoring only one four and two sixes in his 112-ball knock, which ended when he top-edged a Junaid Khan delivery to Malik.After Hope’s departure left West Indies on 211/6, Mohammed Amir wrapped up the tail for 22 runs, dismissing Jason Holder and Veerasammy Permaul before running out Devendra Bishoo.In reply, Pakistan could not have got off to a worse start, with Kamran Akmal being caught in the covers by Powell off the very first ball of the tourists’ innings – whistled down the track by paceman Shannon Gabriel.More trouble was in store for the visitors in the sixth over, with Holder’s first ball from Ahmed Shehzad drawing a superb catch diving by wicketkeeper Hope to leave Pakistan on 16/2. And at 36/3, after Babar Azam was clean bowled by Gabriel with an inswinger that struck leg stump, the match looked to be under West Indies’ control.advertisementHafeez had other ideas.His innings helped turned the match Pakistan’s way, leaving his team on 149/4 with another 20 overs to go when he holed out to deep square leg.Malik and Ahmed (24) brushed off the West Indies’ bowlers, as Pakistan eased to a convincing victory ahead of the three-Test series which starts April 21.last_img read more

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Steve Smith on track to become greatest batsman of modern era: Ricky Ponting

first_imgFormer Australian skipper Ricky Ponting believes current captain Steve Smith has the potential to finish his career among the modern greats.Ponting’s comments came after Smith notched up his 21st Test century on the third day of the opening Ashes Test against England at the Gabba, Brisbane.Smith’s scorching century in his 57th Test match also left him with a career batting average of 61.23.And Ponting feels that the current Australian captain is completely on track to become the greatest batsman of the modern era.”Twenty-one hundreds in 57 games, he’s well and truly on track to do that. When you look at the way he went about it yesterday, he was just completely unflappable. He didn’t get out of his bubble at all, through the course of that innings, which says a lot about him,” ESPNcricinfo quoted Ponting, as saying.Emphasizing that Smith has already reached halfway of what other great players have achieved by the end of their career, Ponting said the 28-year-old was hungry to lead his team well and that he wanted to be the best player in the world.”He’s got a game now that is standing up to the best attacks in all conditions, all around the world. If he keeps trending the way he is, then absolutely,” Ponting said during an interview to leading Australian radio.”Think about the greats – the Tendulkars and the Kallises and these guys that have scored 15,000 and 13,000 runs, but they played in 150-plus Tests, Tendulkar 200 Tests, to achieve what they achieved. He’s nearly halfway there in just over 50 Test matches,” he added.advertisementPonting, however, revealed the one thing about Smith’s approach which he would like change.”I still wish he’d bowl a few more leggies every now and then as well. Because he can bowl those and bowl those well,” the former skipper concluded.Smith began his career as a legspinning all-rounder, but he made a significant change to his game-adding preliminary movement to his technique — while batting in Perth during the 2013-14 Ashes series.Since then, he has been averaging 72.09 and amassed 5,511 runs in the longest format of the game. Smith will now aim to continue his good form when Australia head into the second Ashes Test against England, beginning December 2 at the Adelaide Oval.last_img read more

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Neymar prioritising CL glory over Ballon d’Or

first_imgNeymar Neymar prioritising Champions League glory with PSG over Ballon d’Or dream Matt Dorman Last updated 2 years ago 20:31 11/10/17 FacebookTwitterRedditcopy Comments(2) Neymar Paris Saint-Germain Getty Neymar PSG Ligue 1 The Brazilian is keen to win the individual accolade in the future, but he insists doing so is not at the front of his mind at the moment Neymar insists his “dream” of winning the Ballon d’Or is outweighed by a desire to lead Paris Saint-Germain to a maiden Champions League triumph.The Brazil star’s decision to leave Barcelona in August was reportedly motivated by a desire to challenge Cristiano Ronaldo and Lionel Messi’s monopoly on the prestigious individual honour.Neymar finished third in the voting in 2015, which was won by then team-mate Messi, but was not on the podium last time around. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player But with PSG having already breezed through to the Champions League’s knockout stages, the 25-year-old’s priority is to replicate the success he enjoyed with Barca in 2014-15.”The Ballon d’Or is a dream. This is obviously an objective for me,” Neymar said in an interview with PSG’s official club magazine.”But it’s not a trophy that [has to be at the front of my mind]. We must first think in terms of the team and the whole team wants to achieve its Champions League ambition.HD Neymar“Thank God, I’ve already won one. I know this sensation and I want to know again this thrill with PSG.”Only when the collective trophies are won will it be time, then, to think of the individual rewards.”PSG have looked ominous in Europe so far this season, sealing their progression from Group B with four consecutive victories.However, Neymar believes the Ligue 1 leaders cannot afford to be satisfied with their accomplishment.”To win the Champions League is not to think about it only when [a matchday approaches],” he said.”No, the Champions League is a work of a whole season. It is very, very difficult.”last_img read more

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Ministers Wish Participants Luck For NTL

first_imgMinister Annesley said he was delighted to see Touch Football events of this calibre in New South Wales.“Touch Football is growing in popularity in Australia and around the world and I’m sure the National Touch League will be a great success for competitors and for the town of Port Macquarie,” Minister Annesley said. “As one of the stunning New South Wales coastline’s busiest holiday destinations, Port Macquarie is an ideal location for the 2012 National Touch League, with a wide variety of accommodation styles and other facilities available for the 2,500+ competitors.  “This is one of many Touch Football events that the NSW Government, through Destination NSW, has secured to drive benefits to the NSW visitor economy,” he said. The NSW Government, through Destination NSW, has secured a Touch Football package for New South Wales, which will see numerous Touch Football events held in various locations across the state leading to the Touch Football Word Cup in New South Wales in 2015.Member for Port Macquarie, Leslie Williams said the fact that Port Macquarie is hosting the 2012 X-Blades National Touch League is very positive news.“Port Macquarie’s calendar of events is only getting stronger and to have the X-Blades National Touch League here in the lead up to the 2015 Touch Football World Cup is a great honour.“The event will be great for the community, providing exciting competitive action and attracting visitors to the area.”To keep up-to-date with all of the latest news and information in the lead up to and during the event, please visit the NTL website:www.ntl.mytouchfooty.com Be sure to ‘like’ and ‘follow’ the Touch Football Australia (TFA) Facebook and Twitter pages in the lead up to the 2012 X-Blades NTL to keep up-to-date with all of the latest news and information:www.facebook.com/touchfootballaustralia www.twitter.com/touchfootyaus (be sure to use the hashtag #NTL2012 if you are mentioning the NTL)TFA’s YouTube channel will also be updated frequently during the NTL. To view the channel or become a subscriber, please click on the link below: www.youtube.com/touchfootballauslast_img read more

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ESPN Releases Week 11 Power Rankings After Upset-Heavy Saturday

first_imgESPN week 11 power rankings after upset weekend.espn week 11 power rankings lee corso alabama mascot headInstagram/alecmorris_11This past Saturday, both Clemson and Alabama notched huge in-conference victories, taking control of their respective leagues. Appropriately, ESPN now has the Tigers and the Tide ranked 1-2 in its weekly Power Rankings. Ohio State, which beat Minnesota in a lackluster affair, drops a spot to No. 3. Baylor stayed at No. 4 after handling Kansas State Thursday night.Some other big movers? Notre Dame rose five spots to No. 5 after downing Pitt. Oklahoma State, after surprising TCU, is up six spots to No. 6. And Iowa, after a win over Indiana, is now all the way up to No. 7.Here’s the entire list, via ESPN. Do they have it right?1. Clemson2. Alabama3. Ohio State4. Baylor5. Notre Dame6. Oklahoma State7. Iowa8. Stanford9. LSU10. Oklahoma11. Florida12. Utah13. TCU14. Michigan State15. Michigan16. Houston17. Florida State18. North Carolina19. Temple20. UCLA21. Navy22. Northwestern23. Mississippi State24. Wisconsin25. MemphisYou can view last week’s list here.last_img read more

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Shampoo, Rinse, and Help Homeless Youth with Rudy’s Barbershop

first_img This Black Boathouse Is a Luxurious Retreat on a Small Island in Norway Editors’ Recommendations 9 Best Spirits For Spiked Apple Cider Rudy’s Barbershop has made it as easy as 1-2-3 to help Portland, Oregon’s homeless youth, especially the increasingly-vulnerable LGBT youth. All you have to do is shower. Well, admittedly, you have to wash your hair and body, but hopefully that some part of the shower.Homeless youth have usually had a hellish time of it before they even spend their first night on the street, often subjected to the absolute worst people humanity has to offer. Studies show kids end up homeless because of financial or emotional neglect, they’re too old for foster care, and physical, emotional, or sexual abuse. The top two reasons LGBT youth are homeless is due to either being kicked out by their parents (a decision which truly baffles the mind), or they run away because of rejection at home. Forty percent of homeless youth identify as LGBT. The system is not set up to deal with homeless youth. They legally can’t work enough to support themselves and many shelters don’t have the resources or policies to admit them. As a result, homeless youth often resort to bartering sex in exchange for food or shelter, leading to, among other consequences, higher instances of HIV or AIDS than the general youth population. They lose out on education, have high rates of depression anxiety, PTSD, behavioral problems, and lack of access to medical and mental health treatment. Hang in there: good news is coming. Rudy’s Barbershop is helping, remember? And they’re not the only ones. They’ve had a long standing partnership with Dan Savage’s organization It Gets Better Project, which works to help LGBT youth around the world that it’s going to be okay; that it will get better and inspires others to help create the change that fulfills that promise.And now, for every purchase of Rudy’s 1-2-3 collection of shampoo, condition, and body wash, the company is donating a week’s worth of products to shelters helping Portland’s LGBT youth. Places like Outside In that provide sanctuary, both physically and mentally. They offer things like housing, education, job training, tattoo removal, as well as vital medical and mental help. The testimonies of people whose lives have been transformed by the dedicated team at Outside In are remarkable– like a boy born in Colombia, adopted by Americans, who was later kicked out because his adoptive parents considered his homosexuality a form of mental illness. At Outside In he found a safe place to live while he got his GED and was accepted into New York University and Juilliard. A woman forced to sleep under a bridge, too afraid to seek medical care because of stigma, eventually sought help at Outside In. She’s now in medical school and volunteers her time at Outside In. Things are getting better, but like any form of progress, it’s slow going. There is real need for places like Outside In. There are plenty of ways to support youth shelters in your area too, with donations of your time or money. But the absolute easiest way is to use Rudy’s amazing-smelling, sulfate and paraben-free products. Your skin, hair, and local youth with thank you. Learn Guitar (and Don’t Give Up) With the Fender Play App Live Out Your Westworld Dreams at Casteel Creek Retreat How to Transition Your Wardrobe to Fall last_img read more

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Rahul Gandhi to appear before Patna court on Saturday

first_imgPatna: Former Congress president Rahul Gandhi will appear before a court here on Saturday in connection with a defamation suit filed against him by Bihar Deputy Chief Minister Sushil Kumar Modi. The senior Bharatiya Janata Party (BJP) leader had filed the case before the Chief Judicial Magistrate’s (CJM) court here in April, taking exception to a snide remark made by Gandhi at an election rally in Karnataka’s Kolar district that all thieves had the surname Modi — referring to Prime Minister Narendra Modi, bank-fraud accused Nirav Modi and former Indian Premier League (IPL) commissioner Lalit Modi. Also Read – Balakot strikes show major shift in govt’s handling of terror attacks: IAF chief The case was referred by CJM Shashikant Roy to ACJM Kumar Gunjan. Gandhi, who resigned as the Congress chief earlier this week taking moral responsibility for his party’s Lok Sabha election debacle, had last visited the Bihar capital in May, when he held a roadshow for actor-turned-politician Shatrughan Sinha, who failed to retain the Patna Sahib seat on a Congress ticket in the parliamentary polls held in April-May. There were reports in a section of the media that Gandhi might also visit Muzaffarpur, about 60 km from here, which has been the worst affected by a state-wide outbreak of brain fever, which has claimed more than 150 lives. However, Bihar Pradesh Congress Committee (BPCC) working president Kaukab Qadri told PTI that the full itinerary of the former party chief’s visit was not made available here yet, “though we see little possibility of Gandhi visiting Muzaffarpur since had it been on the cards, advice would have been given to the state unit for making the necessary arrangements”.last_img read more

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Whats red and black and eats aphids Regina using ladybugs to control

first_imgREGINA – The city of Regina is about to release a red-and-black aerial arsenal to help control some common pests.Officials plan to unleash an army of ladybugs 300,000 strong to wage an environmentally friendly war against other insects, including aphids.Experts say the ladybugs will help reduce the need for pesticides in the city.Some of the polka-dotted bugs are to be released in Victoria Park on Thursday.In May, Regina brought in a herd of 100 goats to graze on invasive weeds and reduce the need for herbicides.last_img read more

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Fort St John breaks another snowfall record

first_imgFORT ST. JOHN, B.C. – Fort St. John set a new snowfall record for March 22, beating a record set in 1940.On Thursday, 18.9 cm of snow fell bring the total from the current snowstorm to 31 cm.  On average Fort St. John receives 26.6 cm of snow in March. This March has been a little different, we’ve received as of March 23, 58.3 cm.Lisa West with Environment Canada says there will be more snow this week. “There will be a little bit of warming up. The arctic air is going to retreat.  The long-range forecast as we get into next week, we are seeing highs into the positives.”According to West, it isn’t uncommon for the B.C. Peace to receive snow in March and typically its the same amount of snow as December and January.Fort Nelson could be next to receive the heavy snow.  The system that moved out the North Peace is moving towards Fort Nelson.  That area could see 10 to 15 cm before the storm ends on Saturday.last_img read more

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US urges increased caution for Americans visiting Hong Kong

HONG KONG — The U.S. government has stepped up its safety warning to travellers to Hong Kong because of increasingly violent protests in the Chinese city.The State Department’s Level 2 travel advisory issued Thursday urges “increased caution in Hong Kong due to civil unrest” and tells travellers to avoid demonstrations and to “exercise caution if unexpectedly in the vicinity of large gatherings or protests.”The protests were sparked by proposed extradition legislation that could have seen suspects sent to mainland China for trial. They have morphed into calls for broader democratic reforms in the former British colony and investigations into alleged police abuse of force.The territory’s crucial travel industry has suffered as tourists put off their visits. Australia, Ireland, Britain, and Japan have already issued Hong Kong travel warnings.The Associated Press read more

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Crisis or speed bump What UK vote means for economy sectors

FRANKFURT – Britain’s vote to leave the European Union adds a heavy dose of uncertainty to a world economy that is still struggling to reach full speed years after the global financial crisis.The most immediate pain will be felt in Britain. But economists say the ripples could be felt much farther afield.Companies will wonder whether to invest or locate in Britain during the yearslong negotiations to define new trade conditions with the EU, its biggest business partner. Across Europe, trade and immigration may lose ground to nationalism and protectionism.The EU itself, minus market-oriented Britain, may turn to more government intervention and regulation. Other countries may eventually seek to leave the bloc.“A new set of economic circumstances has been created, which the world will have to deal with,” said India’s Finance Minister Arun Jaitley. “Volatility is the new norm. And therefore, economies have to learn to live with crisis after crisis.”The global economy isn’t in crisis at the moment, but growth is muted and uneven among countries. The International Monetary Fund forecasts growth of 3.5 per cent for this year. The Chinese economy is slowing, the U.S. recovery has hit a slower patch, major emerging economies like Brazil are in recession, and Europe and Japan are stagnating.That’s not good enough to bring people out of poverty or get them jobs. Unemployment remains at a high 10.2 per cent in the 19 countries that use the euro. In the U.S., it’s a lower 4.7 per cent. But the labour participation rate hasn’t recovered since the recession of 2008-9, indicating that many workers have not benefited from the stronger U.S. recovery.Here’s a look at what the vote means for the world economy:___ECONOMIC GROWTHThe most direct economic pain will be felt by the U.K., while the direct consequences for the world economy are likely to be more moderate. Moody’s Analytics estimates that global economic output would be 0.25 per cent smaller after five years than it otherwise would have been, while the EU would be a full per cent smaller and the U.K. 4 per cent.Then there are indirect effects. Stock market plunges can make people feel poorer and less likely to spend. Uncertainty can make executives put off investments in new production.“Uncertainty certainly impedes investment decisions, and with few signs of any pickup in the global economy we’re probably going to see a slower rebound in capital spending,” said Sara Johnson, senior research director of global economics with IHS Global Insight.___CENTRAL BANKSThe market plunges after the vote are one reason for the world’s central banks to keep their rock-bottom interest rates in place.“Brexit could be a game changer for central bank thinking,” Megan Greene, chief economist at Manulife Asset Management, wrote in a research note.The Federal Reserve is less likely to raise short-term interest rates this year — and might even have to cut them. Greene predicted that the Bank of England could have to print money to finance government spending, tax cuts or both and that the Bank of Japan could follow. The European Central Bank might expand its current bond-buying stimulus program.___THE LONDON LILY PADMany big companies use the U.K. as a base for their European operations. London’s strength as a banking centre is in part based on easy access to financial markets in Europe. Regulatory approval to do business in the British capital means an all-access pass to the 27 other EU countries, a process called passporting.Global banks like JP Morgan Chase have already said that they would have to move jobs from London to the European mainland if Britain leaves the EU.___CONSUMERS, TRAVELERSThe pound and euro both dropped Friday, which should make British and eurozone exports cheaper overseas. American travellers heading to Britain and the rest of Europe are going to find less-expensive meals, hotels, souvenirs and museum admissions because the U.S. dollar will go further. Airfare for peak summer months probably won’t dip, but any taxes and fees levied in Europe will be cheaper. For instance, all coach passengers leaving the U.K. for the U.S. pay 73 pounds for the Air Passenger Duty. That tax is now cheaper.Among retailers, analysts expect luxury sellers — which have already seen weaker demand — to be hurt the most.London luxury shops could suffer if banks move out, taking big-spending employees with them, said Hana Ben-Shabat, a partner at A.T. Kearney. In the U.S., stores like Tiffany and Macy’s, which draw a lot of British tourists to their flagship New York stores, could be hurt.Restaurant companies with a significant presence in the U.K. and Europe could be hurt, said David Palmer, an RBC Capital Markets analyst. He said the U.S. groups with the most exposure are McDonald’s Corp., and to a lesser degree Yum Brands Inc. (Pizza Hut, KFC), Restaurant Brands International Inc. (Burger King), and Starbucks Corp.Overall, said Steve Barr at PwC, any prolonged declines in the stock market could make shoppers wary about spending.___TRADEThe impact on U.K.-EU trade would depend on how quick and amicable negotiations are on a new set of relations. Britain could wind up like Switzerland, which simply adopts EU requirements without having any say in how they are decided. Britain sends 44 per cent of its exports to the EU, less than any other member country but still significant.The price for continued market access, however, could be allowing free movement of workers. A desire to control immigration was a major force behind the “leave” campaign, so it’s unclear if such an agreement could ever be reached.“If the U.K. takes a tougher stance on immigration, for businesses this will be a disaster as the EU will retaliate,” said Christian Stadler, professor of strategic management at the Warwick Business School in Coventry, Britain. “Access to the EU will become difficult. For some companies, this means doing business in Europe won’t be attractive anymore.”“Others will have to deal with complicated bureaucracy,” he said. “In short: a nightmare.”___MARKETSStock markets plunged Friday, with Germany’s DAX falling almost 7 per cent, the Dow Jones industrial average 3.4 per cent and Britain’s FTSE 3.2 per cent. The pound hit a 31-year low.Outside the U.K., however, that turmoil may not last. Analysts at Oxford Economics think the global market reaction and fears of an EU breakup are exaggerated.Today’s drops “are hard to square with the likely long-term impact on the U.K. — at worst a few per cent of GDP in the long run in an economy that is only 3.5 per cent of world output.”___POLITICAL DOMINOESThe British vote would have a much broader impact if it becomes a political turning point away from trade and economic integration. In economic terms, free trade is considered a plus for growth. It should mean bigger markets, lower consumer prices and more competition. Yet those advantages can quickly be forgotten if people feel that the benefits are not fairly distributed, or that their jobs are left unprotected and move to other, lower-cost countries.Many think a British exit could embolden anti-EU, anti-immigration political movements such as the National Front in France. Its leader, Marine Le Pen, is already considered likely to make the final round of presidential elections next year. Geert Wilders, head of the anti-Islam, anti-EU Freedom Party in the Netherlands, called Friday for a referendum on the EU there, too.And it goes beyond Europe. Donald Trump, the likely Republican nominee for U.S. president, has described the free trade agreement among Canada, the U.S. and Mexico as “a disaster.” Likely Democratic nominee Hillary Clinton has said the U.S. should “renegotiate deals that are not working for Americans” and if necessary reject a proposed trade deal with Asian countries if it doesn’t show clear benefits for raising wages and jobs.“In the U.S., there is a clear parallel between the rise of Donald Trump … and what is going on in the U.K. and the rest of Europe,” said Rob Carnell, chief international economist at ING Commercial Banking. “The recovery has left large swathes of the population behind, and this is their protest.”“I think this vote has been a vote against open and integrated societies, quite frankly,” said Guntram Wolff, director of the Bruegel think-tank in Brussels. “And I think the sentiment in many other European countries … would be to say, we will not counter that, we are so fearful, that we will basically try to counter populism by following the same road and be more protectionist.”___AP writers Joe McDonald in Beijing, Paul Wiseman in Washington and Scott Mayerowitz, Anne D’Innocenzio and Candice Choi in New York contributed to this report. The curve of the German stock index DAX is displayed at the stock exchange in Frankfurt, Germany, Friday, June 24, 2016. The British vote to leave the European Union shook up financial markets around the globe, leading to sharp falls in stocks and the British pound. (Frank Rumpenhorst/dpa via AP) by David McHugh, The Associated Press Posted Jun 24, 2016 8:28 am MDT Last Updated Jun 24, 2016 at 3:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Crisis or speed bump? What UK vote means for economy sectors read more

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Poverty and fear do not require a passport to travel – UN

“Poverty and fear do not require a passport to travel,” said Oscar Arias Sánchez, former President of Costa Rica, drawing attention to how hunger and want for opportunity have caused the largest migration crisis the world has seen in decades. “There is the violence that strikes with weapons and that which slowly creeps up,” he said, as he outlined the many ways war affects farming communities and the environment. “Lack of resilience and food security in many countries is nothing if not pure violence.” Reminding the audience that the first poem ever written was one of war, Mr. Arias Sánchez stressed that the international community faces a choice today. “Nobody has yet written the last poem – we still have ink in our quill,” he said. “We have to decide whether we will depict a scene of a desert in which death has been crowned queen – or we can decide to write water, bread, air and tree sap – we have to decide if we will write a last war poem or a poem of our peace and food security,” he said. Along those lines, women’s rights activist Tawakkol Karman called the failure to eradicate hunger humankind’s greatest shame. She noted that while the process of globalization currently transforming the planet has allowed some individuals and corporations to amass vast fortunes, millions of people go hungry each day. “This equation needs to change,” she said. “What we need is a positive fair globalization where all people share the benefits.” Doing so will require moral commitment and honest political will, she noted. “When you see a problem like hunger, there is no point in crying about it – the question is, what are you going to do about it?” asked Irish peace activist Betty Williams. “Tears without action are wasted sentiment.” “If we can make this work, it’s a big step for humanity,” she added, referring to the new alliance. In a video message, former UN Secretary General and Nobel Laureate Kofi Annan underlined the ways that hunger and competition for agricultural resources can exacerbate social tension, as he called for a more holistic way of thinking about food security and peace. “Freeing the world from hunger and want is a fundamental contribution to lasting peace,” said José Graziano da Silva, Director-General of the UN Food and Agriculture Organization (FAO), at the launch event of the FAO-Nobel Peace Laureates Alliance, adding that in conflict situations, “agriculture and food security give new life to affected homes and communities – they bring people together and drive recovery.” The group of Nobel laureates – including Oscar Arias Sánchez, Tawakkol Karman, Betty Williams and Muhammad Yunus – is respectively acclaimed for efforts to stop civil war, promote women’s rights, provide microcredit to the poor, and halt interreligious violence. The group will advise FAO on ways to strengthen the link between peace and food security in the agency’s ongoing work to promote sustainable development and resilience across the world. FAO highlighted that rural areas and their populations continue to be the most affected in conflicts, as attacks on farming communities undermine rural livelihoods and displace people from their homes. That means assisting farmers is critical to prevent widespread displacement and set the foundations for rebuilding, Mr. Graziano da Silva stressed. Muhammad Yunus, founder of Grameen Bank, placed support for rural entrepreneurship at the heart of solutions to hunger and instability as he highlighted the need to redesign existing institutions to avoid the failings of the past. “We know business as a way to make money. But there can be another kind of business – a business to solve problems,” he said, stressing the need for building self-reliance and the benefits of using business as an engine for solving social problems. “Rural people can be as good an entrepreneur as anybody else – we need financial institutions to support them,” Mr. Yunus said, adding that this is necessary so that youth see a future in rural areas and become drivers for employment and economic development, rather than migrating to cities as job seekers. Launch of Nobel Peace Laureates Alliance for Food Security and Peace, (Sheikh Zayed Centre), FAO Headquarters. Photo: FAO/Giuseppe Carotenuto read more

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Jaguar Land Rover signs MoU with Institution of Mechanical Engineers

Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Jaguar Land Rover (JLR) has signed a Memorandum of Understanding (MoU) with the Institution of Mechanical Engineers (IMechE) reaffirming its commitment to the development of excellence and engineering. The memorandum outlines the ways in which the two organisations will work together to ensure that JLR engineers remain global leaders in their field with the skills, knowledge and expertise to drive the business forward.This MoU builds on a long standing relationship with IMechE and reflects the need for the UK to maintain its engineering pedigree. To support this, JLR and the IMechE have outlined ‘principles of cooperation’ to aid the development of Professional Engineers. The IMechE will deliver tailored training and technical programmes furthering the skills and technical capabilities of JLR engineers. Concurrently, JLR will support its engineers within appropriate disciplines to undertake programmes of Continuous Professional Development (CPD).JLR’s business is built around two British car brands that design, engineer and manufacture in the UK and is led by advanced design, engineering and technology, investing £1.5 billion per annum on product creation over the next five years. To achieve these ambitious plans, JLR employs a world class team of over 4,000 engineers and designers.Jo Lopes, JLR Head of Technical Excellence said, “Jaguar Land Rover and the IMechE have built a close working relationship over many years in relation to the promotion and benefits of professional accreditation. The signing of an MoU will help us build on this strong partnership and expand areas of collaboration to support JLR’s continuing growth at the centre of the UK’s automotive industry.” read more

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The Saturday Night Show will host a debate on homophobia this Saturday

first_imgA spokesman from RTE indicated that details of who will feature on the panel will be announced closer to transmission.Also on the show this week are two members of Russian punk protest group Pussy Riot, Nadezhda Tolokonnikova and Maria Alyokhina.First published 6.18pmIntense fans are offering kidneys and wives for Garth Brooks tickets>The 6 that shared the Lotto jackpot? One of them has to share it again…> Updated 11pmTHE SATURDAY NIGHT Show is set to host a debate on homophobia this Saturday night.The show, presented by Brendan O’Connor, is at the centre of controversy after it apologised for remarks made about homophobia on the programme nearly three weeks ago.According to a statement from RTE, this week,The Saturday Night Show will host a debate on homophobia; what constitutes homophobia and who gets to define the word?last_img read more

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Polish man appears in court charged with 2013 murder of builder

first_imgA 20-YEAR-OLD Polish man has appeared in Letterkenny District Court charged in connection with the murder of a Polish builder last year.Bogdan Michalkiewicz was found in his apartment by his brother last May, having been stabbed to death.Krzysztof Grzegorski of Hazelbrook Park in the town made no reply when charged today.Judge Paul Kelly remanded him in custody to appear in person or by video link at next Tuesday’s sitting of Letterkenny District Court.last_img

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PETMAN robot learns our chemical weaknesses through environmental suit

first_imgAs time goes on, the robots we build are becoming more advanced, and if Terminator and The Matrix have anything to say about that, we’re traveling down a path where we’ll be responsible for our own destruction. Along with Boston Dynamics’ super creepy BigDog — which can now throw an entire cinder block with ease — the robotics company created PETMAN, which is a human-like robot with the purpose of testing protective clothing on humans.Rather than just throw a bulletproof vest on a mannequin, though, PETMAN walks like a human in order to best simulate how the protective gear will react. Now, Boston Dynamics fitted PETMAN with a protective environmental suit and gas mask in order to — we’re assuming — teach robots what levels of chemicals damage us the most so they can better hunt us in the coming robopocalypse.Obviously, you can’t (or shouldn’t, technically) test out the viability of a gas mask on a human being, and testing out harmful chemicals on animals that a prototype mask might not be able to block isn’t exactly humane. So, testing out the sturdiness of a gas mask on a robot is a safer way to go about trials.The suit being tested is more than something that’ll be able to withstand a splash of a hazardous chemical. The suit can maintain a mini-climate inside itself, which in turn helps the suit regulate temperature for the wearer. PETMAN employs a bevy of sensors, so while a chemical hazardous to humans probably won’t kill a robot if it gets through the suit or the gas mask, the robot can at least detect a level dangerous for a human and report back.The video also shows PETMAN performing a few complicated-for-a-robot maneuvers, such as a movement resembling flexing your muscles, or balancing in the air as if you’re sitting on an invisible chair. So, if robots don’t rise up and use their soon-to-be-extensive knowledge about what chemicals kill us best, they’ll at least be able to perform complicated mime maneuvers.last_img read more

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