BoE: British financial system ‘prepared’ for worst-case Brexit scenario

first_imgBoE governor Mark Carney told the Treasury Select Committee (TSC) last month that a worst-case Brexit scenario would have a less severe effect on the economy than previously thought thanks to preparations by business and government. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Funautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Read more: Mark Carney says Bank of England to stress test banks with ‘catastrophic’ climate scenario Britain’s banks and financial system are prepared for a “worst case disorderly Brexit”, the Bank of England (BoE) said, although it warned there could still be disruption, particularly for borrowers from the European Union (EU). Wednesday 9 October 2019 1:35 pm Read more: Bank of England sets out strict regulatory conditions for Facebook Libra Share The FPC said that although the UK had taken action to address the biggest risk of disruption for its citizens, there could still be disruption for people in the EU following a no-deal Brexit. WEIF offered customers the possibility of daily redemptions, but was forced to gate after it was unable to sell off assets quickly enough to fund redemptions. Britain’s financial system ‘prepared’ for worst case Brexit scenario, says Bank of England Main image credit: Getty Former star fund manager Neil Woodford was forced to suspend his Equity Income Fund (WEIF) in June after it became overwhelmed by investor withdrawals. It is due to be reopened in December. center_img whatsapp whatsapp Anna Menin Whereas in November 2018 the BoE thought a no-deal outcome could wipe eight per cent off UK GDP, Carney told the TSC it now estimates a worst-case scenario could take 5.5 per cent off growth. The FPC said it regards “the mismatch between redemption terms and the liquidity of some funds’ assets has the potential to become a systemic risk”. The statement also warned the UK could face “significant further asset price volatility” in the event of a no-deal Brexit. “Such disruption would primarily affect EU households and businesses, but it could amplify volatility or spill back to the UK in ways that cannot be fully anticipated or mitigated,” it added. The FPC also said it would outline changes it would like to see to open-ended funds in December, following a review conducted alongside the Financial Conduct Authority (FCA) in the wake of the Woodford saga. Extensive preparations by UK authorities and businesses have mitigated “most risks to UK financial stability that could arise from disruption to cross-border financial services in a no-deal Brexit,” the bank’s Financial Policy Committee (FPC) said in a statement. Tags: Bank of England Brexit “In a disorderly Brexit, demand for UK assets could be expected to fall sharply, depreciating sterling and tightening financial conditions for UK households and businesses through adjustments in equity prices and corporate and bank funding costs,” it said. last_img read more

Exclusive: Andy Bell warns ‘we’ll feel the pain of negative interest rates’

first_img“There is a froth on [the coronavirus-induced volatility]. We don’t think it’ll carry on at the current level for the next 12 months,” Bell tells City A.M. The industry ‘needs to educate customers’  Share AJ Bell reported its most successful year yet as coronavirus-induced market volatility drove record numbers of customers towards its platform.  Market volatility has been a considerable driver of customers to AJ Bell’s Youinvest but can they sustain this level of growth?  Andy Bell, chief executive at AJ Bell Also Read: Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ The central bank has already slashed interest rates to a record low of 0.1 per cent to support lending through the pandemic.  Andy Bell, chief executive at AJ Bell Also Read: Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ “We’ve discussed how we’d deal and cope with it. I don’t have a magic wand to help customers in that environment,” Andy Bell told City A.M. “Unfortunately I think we’ll all suffer the same pain on interest rates.”  whatsapp Angharad Carrick Tags: AJ Bell Company UK interest rates US interest rates But the City veteran is bullish on the FTSE-listed firm’s prospects, pointing to the increase in market share and brand awareness, no doubt helped by its IPO in 2018, as it goes up against the likes of Hargreaves Lansdown.  AJ Bell warned that low interest rates would dent revenue in its annual results published today, but that it has a sufficiently diversified model to operate in such an environment. Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ Andy Bell, chief executive at AJ Bell Also Read: Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ Can AJ Bell sustain its record results?  Instead, Bell says, it is indicative of a communications issue within the wider industry.  “Where the industry has let itself down is communicating to customers – they expect to be able to get on [the platform] in terms of extreme market volatility.”  Andy Bell, chief executive at AJ Bell whatsapp Andy Bell, chief executive at AJ Bell Also Read: Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ Bell is adamant it was not an IT problem despite reiterating in the annual results that the company is “continually investing in our technology solution”.  While AJ Bell has enjoyed a stellar year it did have one hiccup towards the end of the year. Following news of the Pfizer/Biontech vaccine and further clarity on the US election outcome, AJ Bell’s platform crashed under the weight of demand from its customers. And he told City A.M. that if the interest rate margin disappears and AJ Bell has to pay to deposit customers’ cash “then it will come through in higher charges unfortunately.”  As the Bank of England mulls the introduction of negative interest rates AJ Bell’s chief executive has told City A.M. customers will suffer as a result.  Thursday 3 December 2020 10:08 am “The industry needs to educate customers that that’s not the way it works… This is a one in 3 or 5 year event so something like this will happen again we just need to be a lot better prepared for it,” Bell adds.  “[Next year] there’ll be a marginal fall off. I’m very confident that we are in a strong position… I’m not going to start making excuses for the next year’s figures, I’m working on them being as strong as this year,” Bell added.  Show Comments ▼ Total customers increased by a record 63,239 in the year, up 27 per cent to 295,305, with revenue jumping 21 per cent to £126.7m. Pre-tax profit rose 29 per cent to £48.6m as total assets under administration increased eight per cent to £56.5bn. last_img read more

Deep Verge shares jump on upbeat 60-second Covid breath test trials

first_img whatsapp Share Tags: Coronavirus Brandon said further trials from a larger group were expected to provide sufficient data to meet this standard, adding that the firm hoped to roll out its tests later this year. Wednesday 17 March 2021 3:11 pm whatsapp Initial results from clinical trials showed Deep Verge’s Covid test could deliver results in under 60 seconds (Getty Images) Also Read: Deep Verge shares jump on upbeat 60-second Covid breath test trials Shares in the Aim-listed company were up almost 10 per cent following the announcement. Deep Verge shares jump on upbeat 60-second Covid breath test trials Chief executive Gerard Brandon said the company had “reached a major milestone” with the latest results. Initial results from clinical trials showed Deep Verge’s Covid test could deliver results in under 60 seconds (Getty Images) Also Read: Deep Verge shares jump on upbeat 60-second Covid breath test trials Deep Verge, which develops a range of products across the medical, life science and environmental science sectors, has adapted its Covid breath test from its existing AI-based water contamination system used to detect e coli levels. Shares in Deep Verge jumped today after the science tech firm revealed upbeat data from clinical trials of its rapid Covid breath test. Analysts at Turner Pope said: “Assuming the additional trials compare well with the initial data, its elementary ‘foolproof’ application suggests Microtox BT has potential to become a favoured product for use across the international community.” The data for Deep Verge’s test, dubbed Microtox BT,  showed the product detected and identified the Covid virus S-protein in quantities at 40 femtogrami per millilitre at close to 100 per cent sensitivity and specificity. The London-listed firm hailed a “major milestone” after initial results from phase three clinical studies showed its test could recognise Covid infections in under 60 seconds. While the company is still awaiting the full outcome of the trials, it said it is hopeful it will be able to roll out the product later this year. James Warrington Show Comments ▼ UK regulations require rapid Covid breath tests to have 150 confirmed positive samples and 250 confirmed negative samples. Initial results from clinical trials showed Deep Verge’s Covid test could deliver results in under 60 seconds (Getty Images) More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

Labour will make it illegal to undercut UK workers’ wages by paying foreign workers less

first_img whatsapp Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo Labour will make it illegal to undercut UK workers’ wages by paying foreign workers less Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Show Comments ▼ Sharecenter_img Labour will today announce plans to make it illegal for employers to pay foreign workers less than their UK counterparts.Ed Miliband is set to crack down on companies that undercut British staff by taking on cheaper labour from abroad. It is the latest in a string of speeches from the Labour leader as he seeks to set out the differences between his party, the Conservatives and Ukip on immigration ahead of the election in 2015. Ukip has campaigned hard to curb immigration, claiming it disadvantages British workers who expect higher wages and better conditions than the European workers undercutting them. The plans, which are likely to have a significant impact on employers, will mean pay and conditions can now form part of exploitation claims under the law. The legislation borrows heavily from a similar clause in Germany, and builds on the party’s policy on gangmasters. Miliband, who will admit he has changed his stance on immigration, is expected to say: “We are serving notice on employers who bring workers here under duress or on false terms and pay them significantly lower wages.” Sunday 14 December 2014 11:40 pm whatsapp Tags: employment and wages UK immigration UK jobslast_img read more

Linehan goal crucial as Mountrath beat 14-man Colt in SHC ‘A’ opener

first_img GAA 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin WhatsApp TAGSColtLaois SHC ‘A’St Fintan’s MountrathSt Fintan’s Mountrath vs Colt Previous articleAll of Saturday’s Laois GAA results as busy weekend of action continuesNext articleOur guide to the Leinster minor camogie final between Laois and Meath LaoisToday Reporter Facebook Twitter GAA Twitter Facebook Pinterest Pinterest Home Hurling Club Hurling Linehan goal crucial as Mountrath beat 14-man Colt in SHC ‘A’ opener HurlingClub HurlingSportGAA By LaoisToday Reporter – 3rd August 2019 GAA Here are all of Wednesday’s Laois GAA results Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Mountrath 1-15 Colt 0-14 Laois Shopping Centre SHC ‘A’ Round 1Mountrath battled to a four-point win over 14-man Colt in the opening round of the Laois SHC ‘A’ on Saturday night.With a strong wind blowing straight down the field from the dressing room end, it was the proverbial game of two halves. Colt had the elements in their favour in the first half and were ahead at the break, but they were overpowered in the second half.Having scored at their ease in the first half, Colt failed to score from play in the second half. They managed only two points after the interval, both coming from Chris Murray frees.To compound matters they also finished with 14 men, after sub Mark McDonald was sent off barely a minute after being introduced in the 47th minute.That Colt should finish so meekly seemed unlikely as they breezed through the opening stages of the game, with Brian McDermott pointing in the first minute.He doubled their lead soon after before two brilliant points from James Keyes had them well in control. A slick passing move then ended with Chris Murray opening his account from the left wing, and they were five clear after just seven minutes.Mountrath were really struggling to find their range during this spell but the redoubtable Jimmy Hyland settled them into the game with a free.Gavin Sydes then got the first of his six points from midfield, and they were finally up and running.Colt did most of their scoring in bursts, and their second such purple patch produced three in a little over a minute.Chris Murray launched over a couple from range and Robert Delaney got the other, but Mountrath were hanging in there and Scott Hetherington and Hyland (free) kept them in the game.Delaney got his second for Colt in the 20thminute, but that would be their last score from play.Chris Murray added three more frees for them before half time, but Mountrath countered those with four of their own. Jimmy Hyland got two, Colm Linehan got another and Gavin Sydes got the other, and despite playing into a strong breeze they only trailed by four at half time, 0-12 to 0-8.With the wind at their backs in the second half Mountrath came out strongly, but not accurately, as they wasted a host of early chances to build up some momentum.A Gavin Sydes free in the 36th minute was the only score in the opening ten minutes of the half.The crucial score for them game in the 43rdminute, when a long ball into the square was directed to the net by Colm Linehan.They had to wait until the 52nd minute to draw level, thanks to Dylan Russell, and then another Gavin Sydes free put them ahead.There was only one side in it from there to end, in an attacking sense at least, as Mountrath finished strongly to seal a four-point win.SCORERS – Mountrath: Gavin Sydes 0-6 (0-2 frees), Jimmy Hyland 0-5 (0-4 frees), Colm Linehan 1-1, Scott Hetherington, Dylan Russell, Mick O’Brien 0-1 each. Colt: Chris Murray 0-8 (0-5 frees), James Keyes, Brian McDermott, Robert Delaney 0-2 each.MOUNTRATH: Dan Russell; Mattie Rice, Paul Meade, Tom Hill; James Fahy, Paddy Williams, Paul Rice; Gavin Sydes, Gearoid Williams; Wayne Sydes, Colm Linehan, Scott Hetherington; Dylan Russell, Jimmy Hyland, Aiden Linehan. Subs: Mick O’Brien for Dylan Russell (54 mins).COLT: Paudie McDonald; Mark Farrell, Ger Doolin, Eoin Brennan; Enda Mulhall, Henry Keyes, Niall Brennan; Gearoid Parkinson, Chris Murray; Robert Delaney, Sean O’Callaghan, James Keyes; Cian Moffitt, Eoin Joyce, Brian McDermott. Subs: Mark McDonald for O’Callaghan (47 mins), Nathan Dunne for Delaney (58 mins, inj).REFEREE: Eoin Scully (Camross) RELATED ARTICLESMORE FROM AUTHOR WhatsApp Linehan goal crucial as Mountrath beat 14-man Colt in SHC ‘A’ openerlast_img read more

Institutional investors braced for year of low growth

James Langton Global investors are expecting another year of low growth and low inflation, according to the latest version of BofA Merrill Lynch’s fund manager survey. The survey of 190 institutional investors indicates that almost two-thirds predict 2012 will be a year of below-trend growth and below-trend inflation. Merrill says that investors are responding to the weak outlook with a preference for U.S. and emerging market equities, while the negative stance towards the eurozone hardens. Pension managers call for strengthened ESG disclosure by companies Keywords Fund managers,  Investment strategies,  Institutional investorsCompanies Bank of America Related news Facebook LinkedIn Twitter Managers with $2.3 trillion in AUM sign anti-racism pledge Richardson Wealth, Bloom Burton form healthcare sector–focused alliance It reports that a net 50% of the panel says that the outlook for corporate profits is the most favourable in the U.S. Whereas, a record number, a net 72%, name the eurozone as having the least favourable outlook for corporate profits. Investors have also expressed a view that the dollar will strengthen and the euro weaken in 2012, it says. The growing appeal of U.S. equities means that a net 8% of asset allocators are now overweight equities, compared with a net 5% underweight last month. “With improving growth prospects, U.S. equities are seen as a popular destination and a refuge from turmoil,” said Michael Hartnett, chief global equity strategist at BofA Merrill Lynch Global Research. “Investors are slightly more optimistic about equities but retain a defensive approach, so that means reduced European exposure and a preference for counter-cyclical stocks,” said Gary Baker, head of European Equities strategy at BofA Merrill Lynch Global Research. Merrill says that investors have consolidated their defensive positioning in equities. Global allocations to pharmaceuticals and staples increased over the past month. Pharma has taken over as the most popular global sector with a net 36% of respondents holding an overweight position. Conversely, investors reduced exposure to growth and cyclical sectors including technology, industrials and discretionary. Additionally, the firm reports that global investors are split over the future of the euro and the question about whether the eurozone can remain intact. It says that nearly half of the panel (48%) believes that no member state will exit the euro in 2012 or the foreseeable future. However, nearly a quarter of the panel expect one of the 17 member states to leave the euro in the first half of 2012. In total, 45% expect a member to depart in the foreseeable future, with 7% undecided. Merrill says that key indicators of market sentiment show parallels with the credit crunch months of early 2009. Investors say that liquidity conditions have deteriorated significantly in the past month to reach their worst level since April 2009. A net 13% of the panel rates conditions (such as depth of market and breadth of bid-offer spreads) as negative. And it notes that concerns about inflation have eased to levels not seen since 2009, it notes. The proportion of the panel predicting a fall in inflation fell to a net 34% in December, down two percentage points since November and the lowest reading since March 2009. For the first time since March 2009, a net 6% believes that global monetary policy should be more stimulative. An overall total of 255 panelists with US$762 billion of assets under management participated in the survey from December 2 to 8. Share this article and your comments with peers on social media read more

Pascal offers free tool for advisors working remotely

first_img Facebook LinkedIn Twitter IE Staff Keywords Wealth management,  Technology,  Coronavirus Covid vaccine-sharing discussions to dominate G7 summit talks One in five Canadian investors plans to switch wealth providers: EY study Related news Prevail offers remote client engagement tools such as secure messaging, video conferencing and scheduling management, as well as portfolio stress-testing analytics.Pascal announced it would make a donation to the Canadian Mental Health Association (CMHA) for every Prevail subscription. The CMHA is offering free online resources to help people during the Covid-19 crisis.Also on Tuesday, announced it would offer its “4 Steps to Succeeding with Female Clients” course free of charge until April 30. TD getting new head of private wealth, financial planning man using laptop idofranz/iStock Share this article and your comments with peers on social media Pascal Financial has launched a technology bundle for advisors who are avoiding face-to-face client meetings during the Covid-19 pandemic.Subscriptions to Prevail by Pascal will be free to advisors in Canada until July 1, the firm announced in a release on Tuesday. last_img read more

10 research discoveries from 2020 you won’t want to miss

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Dec. 17, 2020 Despite the unprecedented challenges everyone has faced in 2020, CU Boulder researchers continued to deliver findings that will improve the lives of people across the globe—or simply dazzle us with new insights into the natural world. Here are some of our top picks for the discoveries that defined our year in research.  Aerosol research instrumental in getting musicians back to playing safely A CU Boulder research team of scientists and musicians seeks to find out how musical ensembles around the world can continue to safely perform music together during the pandemic. Categories:Science & TechnologyEnvironmentHealth & SocietySpaceNews Headlines The truth about fake news Researchers at CU Boulder have spent years studying where fake news comes from and how it spreads. This story from the Coloradan follows their search. Beach-combing Neanderthals dived for shells Just like modern-day humans, Neanderthals may have seen the appeal in a little sand and surf, according to a new study. Hubble turns lens toward gender bias, yielding lessons for Earthlings Associate Professor Stefanie Johnson earned NASA’s Agency Honors Award for her research discovering new ways for the Hubble Space Telescope to combat gender bias.  Could climate change affect how well we think? New research says ‘yes’ Another reason we should be cognizant of ventilation in indoors spaces: New CU Boulder research finds that an anticipated rise in carbon dioxide concentrations in our indoor living and working spaces by the year 2100 could lead to impaired human cognition. Forests bouncing back from beetles, but elk and deer slowing recovery New research reveals that even simultaneous bark beetle outbreaks may not be a death sentence for the state’s beloved forests. Pufferfish-inspired robot could improve drone safety Drone crashes are becoming more common than ever before. Engineers at the ATLAS Institute have built a robot that comes with its own inflatable “airbag.” Building materials come alive with help from bacteria Buildings that can heal their own cracks, absorb toxins from the air or even glow on command? They may not be so far off, a new study suggests. Tiny moon shadows may harbor hidden stores of ice Finding the ingredients for a hot shower on the moon may have gotten a lot easier, new research from the Laboratory for Atmospheric and Space Physics (LASP) suggests. Frequent, rapid testing could turn national COVID-19 tide within weeks New research shows that broad, national dissemination of frequent, rapid COVID-19 tests could turn the tide on the pandemic within weeks, without shutting down schools and businesses. For curbing infection, test turnaround time is more important than test sensitivity.last_img read more

Education Programme on Drought Mitigation at Denbigh

first_imgRelatedRADA Ramps Up Water Harvesting Programme in St. Elizabeth RelatedGovernment Allocates $30 Million to RADA to Increase Food Production RelatedNo Need to Panic, Food Supply Adequate – Minister Kellier FacebookTwitterWhatsAppEmail Education Programme on Drought Mitigation at DenbighJIS 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 A massive education programme on drought mitigation will be unfolded at this year’s Denbigh Agricultural, Industrial and Food Show, to be held from August 1 to 3.Chairman of the Denbigh Show Committee, Senator Norman Grant, said that a critical part of the education programme will be to implore farmers to stop using the slash and burn practice to clear their land.Mr. Grant, who is also President of the Jamaica Agricultural Society (JAS), said the public education exercise is a partnership between the Jamaica Fire Brigade and the JAS, and will be a part of the innovative health and wellness hub at Denbigh.Speaking at a JIS ‘Think Tank’ on July 28, Senator Grant informed that the National Water Commission (NWC), and the National Irrigation Commission (NIC), will also be discussing  the current drought situation and educating farmers on water conservation methods.“I’m using this opportunity to support the Government’s move to try and reduce the 40 per cent of our water we lose through leaks,” he said.He further explained that the JAS will use Denbigh to intensify its call for more rainwater harvesting, investment in mini-dams, and the distribution of black tanks.Senator Grant said the topic of dry farming, which is currently a method used by many farmers, especially in St. Elizabeth, will be explored to see what other areas across the island can adopt that farming practice.He noted that this method has helped many farmers in St. Elizabeth, “and that parish alone produces over 25 per cent of our total domestic crop production.”The JAS President also informed that there will also be discussions about the frequent fires across the island, which have helped to significantly compound the drought problem. He said recent bush fires in the Mavis Bank area of St. Andrew almost resulted in about 50 to 75 acres of coffee being lost.center_img Education Programme on Drought Mitigation at Denbigh AgricultureJuly 31, 2014Written by: Oroyo Eubanks Photo: JIS PhotographerChairman of the Denbigh Show Committee, Senator Norman Grant, highlights issues that will be addressed at the 2014 Denbigh Agricultural, Industrial and Food show at a JIS ‘Think Tank’, on July 28. Story HighlightsA massive education programme on drought mitigation will be unfolded at this year’s Denbigh Agricultural Industrial and Food Show this weekend.Chairman of the Denbigh Show Committee, Senator Norman Grant, told JIS News that a critical part of the education programme will be to implore farmers to stop using the slash and burn practice.Mr. Grant said the public education exercise is a partnership between the Jamaica Fire Brigade and the Jamaica Agricultural Society (JAS). Advertisementslast_img read more

Local breweries beg to participate in outdoor dining

first_imgSanta Monica Brew Works and Surfridge Brewery want to participate in outdoor dining and both companies said they strongly support the Save LA Brewers Campaign, which launched earlier this week. Courtesy photos.Tags :breweriesCOVID-safeoutdoor diningshare on Facebookshare on Twitteradd a commentNew Leasing Requirements for Rental UnitsLocal lawyer remembers Stormy Daniels trialYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press16 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press16 hours agoNewsCouncil picks new City ManagerBrennon Dixson16 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter16 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor16 hours ago HomeFeaturedLocal breweries beg to participate in outdoor dining Aug. 29, 2020 at 6:05 amFeaturedFoodNewsLocal breweries beg to participate in outdoor diningClara Harter10 months agobreweriesCOVID-safeoutdoor diningFile photo.  When restaurants reopened in June, breweries rushed to open COVID-safe beer gardens in partnership with local food vendors, but had no idea they would be shutting down indefinitely mere weeks later. Now with LA’s craft beer industry on the brink of bust, Santa Monica Brew Works and Surfridge Brewery are fighting for the right to participate in outdoor dining.Both companies strongly support the Save LA Brewers Campaign, launched by the LA Brewers Guild on Monday. This email and social media campaign urges the County Board of Supervisors to let breweries operate outdoors with third party food vendors, as they are allowed to do in all 57 other counties. Breweries in L.A. were allowed to open on June 1, but those without their own kitchens were ordered to shut down again on June 29th when the County rolled back reopening in response to a spike in COVID-19 cases.“When they shut down the second time they classified us as bars all of a sudden. They didn’t tell us why and they didn’t give us an explanation,” said Steve Leiberman, the co-owner of Surfridge Brewery in El Segundo and owner of West 4th and Jane gastropub in Santa Monica. “They just said ‘oh breweries can’t open unless you have a health department permit attached to your address’, but breweries are zoned for manufacturing. We’ve always used food vendors food trucks, and taco guys.”Many craft breweries derive the majority of their profits from in-person visits and make the rest of their money from vendor sales and online orders. Of the 90 members of the L.A. Brewers Guild only 20 operate their own kitchen and are therefore allowed to provide outdoor service. The other 70, that typically partner with catering companies or food trucks, have had to halt all in-person service after many of them invested thousands in building outdoor dining spaces in line with COVID safety restrictions.“They don’t really understand what a brewery is. They see us more as a bar more than a restaurant. We’re not a bar. In fact, I think we’re safer than most restaurants because of our size and our layout,” said Scott Francis, the Co-Founder, President & CEO of Santa Monica Brew Works. “If you’re going to do things like this and limit activity, do it in an educated way and do it in a fair way. I felt like they did it in a way that was arbitrary and capricious.”In June, Santa Monica Brew Works briefly operated an outdoor dining space by partnering with a local pizza vendor. Extensive safety restrictions were put into place including socially distanced tables, temperature checks, no groups of over six people, mandatory masks, disposable menus and dining ware, symptom checks, and designated entry and exit points. During its 20 days of operation the Beer Garden & Tasting Room provided 70 percent of Santa Monica Brew Works’ gross revenue.”“We really did everything we could to make people feel safe and be healthy. And I will tell you that almost every one of our customers commented on that. People who wouldn’t leave their house and go elsewhere ventured to our brewery and kept coming back those three weeks,” said Francis.Prior to the pandemic 70 percent of Surfridge’s business came from in person visits. When L.A. County entered Phase 2 reopening on June 1, Surfridge invested around $10,000 in PPE and outdoor equipment to set up an outdoor dining space for locals to enjoy beer and tacos from a food truck partner.These brewers argue that the County’s restrictions are not only hurting the owners and staff, but also their food vendor partners and the many local organizations and residents that are part of the brewery community.“We’re all very family friendly, dogs are allowed, kids are allowed. It’s a place for the community and a lot of the breweries are giving back money into their communities and doing charity events,” said Lieberman.“All of our beer names and artwork represent the place where our beer is made in Santa Monica. We support local charities, we celebrate neighborhood businesses, and we partner with the Chamber of Commerce and the Santa Monica Travel and Tourism Bureau. We really provide a gathering place for the community,” said Francis.For the past week these two brewers, alongside other members of the LA Brewers Guild, have been sharing the Save LA Brewers Campaign on their social media with links to send emails to L.A. County Supervisors Hilda Solis, Mark Ridley-Thomas, Sheila Kuehl, and Janice Hahn. They fear that if a change in policy is not enacted soon, many of L.A.’s craft brewers will no longer be able to pay the overhead to operate their large brewing facilities and will have to shutter doors [email protected]last_img read more