KCS-content TOP FOREX STAR TAKES TIME OUT FROM RBS whatsapp Show Comments ▼ whatsapp Tags: NULL Tuesday 24 August 2010 7:55 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Share A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door.Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and has helped drive the bank’s team to the very top of the game. He’s now on a year’s sabbatical leave, though RBS insists he will be returning in a “new role” once he comes back to the City in 12 months’ time.Yet his departure will be a hammer blow to the bank, which has struggled to keep its key staff amid increasingly vehement attacks on pay and a tide of public anger against it in the wake of its state bailout.“Barnes really is one of the best in the business,” an FX chum tells me. “Every bank wants a piece of him and his departure, from a taxpayer’s point of view, is a nightmare.”Crikey. Here’s hoping that his replacement – Tim Carrington, who moves over from Canada’s CIBC World Markets to take up the role – is ready to step up to the plate.SINK OR SWIMIt’s always somewhat disconcerting to see the lords of finance taking part in run-of-the-mill social events like the rest of us, which explains the furore over Goldman Sachs boss Lloyd Blankfein’s latest outing at the weekend.The New York Observer reports that Blankfein spent a gruelling hour in the swimming pool at the Southampton Bath and Tennis Club competing in a “charity swim-a-thon” – which he subsequently won, storming through an impressive 134 laps in 60 minutes. (The banking mogul “is said to have used an excellent flip-turn to his advantage”, apparently.)If he’s trying to smooth over his image in the eyes of the public, this seems to be a pretty good way of going about it. Next stop: egg-and-spoon races at the local fete…FAMILY TREEHow’s this for an unusual coincidence? Simon Parker Bowles – the former brother-in-law to Camilla, Duchess of Cornwall – set up his second Green’s venture in the City just last year, in the old Lloyds banking hall on Cornhill.But the restaurateur tells me that he was trawling through his family tree while on holiday recently when he discovered that he’s not the first Parker Bowles to occupy the premises. Apparently, back in the 1720s, a distant ancestor – seven generations Simon’s senior – set up a printing shop in the Mercer’s Hall on Cheapside. But in 1734, he moved to Black Horse House at 14 Cornhill – the very same building into which Lloyds bank later moved and took its black horse moniker from a mosaic laid into the floor, which is still there today. It’s certainly a small world.RELATIONSHIP MANUniversal Music’s co-chief executive Lucian Grainge may have relocated over to the US, but it’s clearly not hindered his ability to pull in superstars from the UK to the record label.Ex-Eurythmics singer Annie Lennox – who signed with Universal this week and plans to release her new album, “A Christmas Cornucopia”, in November – has been friends with Grainge for almost three decades. Back then, at RCA Music, he signed the Eurythmics to a deal and secured his first US number one success as a published with “Sweet Dreams”.Not that it comes as a surprise, mind – Grainge’s leaving do at the Mandarin Oriental in June drew guests from Amy Winehouse and The Killers to Sir Bob Geldof, WPP boss Sir Martin Sorrell and Lord Mandelson.NAME GAMEAnother instalment in this column’s occasional series of weird and wonderful names from the City. A quick pootle about the internet yesterday brought The Capitalist across a website for MLROs.com, a forum for the anti-money laundering and financial crime practitioner community, of all things.And the name of its creator, who founded the network after working in compliance at Abbey Life, Royal Bank of Scotland and NIBC Bank, among others? Ben Hur.PING PONG CHALLENGEPing pong enthusiasts in the City should get themselves down to Corney & Barrow at Fleet Place next week, where pairs from the top firms in the Square Mile are going to be battling it out on the table tennis table.The London Ping Pong Company – set up by former Clifford Chance lawyer Andrew Essa and his business partner Tim Oberg – has already secured team entries from the likes of the London Stock Exchange, Goldman, Bank of America Merrill Lynch, Accenture and BT.The prize for fighting your way to the top against 63 other competitors is a relatively measly £150 – but then again, these things are all about the kudos, as we all know.Call 0207 265 2518 to get your names on the list.MUSICAL CHAIRSWhat better way to end than with the small-cap tittle-tattle of the week, courtesy – as usual – of troubled brokerage Astaire Securities.Word is that Paul Compton, the former hedge fund manager who’s now at the helm of WH Ireland, is particularly interested in a team of Astaire staffers to help him in his new role putting the firm back on track. Which comes, naturally, after discussions over a tie-up between Astaire and WH Ireland collapsed just last year.Watch this space.
See all posts by Alan Oscroft Alan Oscroft | Thursday, 22nd October, 2020 | More on: IAG Our 6 ‘Best Buys Now’ Shares 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. Click here to claim your free copy of this special investing report now! The IAG share price is falling again. Here’s what I’d do now Alan Oscroft 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. Simply click below to discover how you can take advantage of this. 5 Stocks For Trying To Build Wealth After 50 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. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Enter Your Email Address International Consolidated Airlines (LSE: IAG) has only just secured a new recapitalisation package. Investors fully subscribed to the new capital raise, and nerves seemed to calm a little. The IAG share price settled and even started moving up a little.Governments were steadily lifting their Covid-19 restrictions and airlines were just starting to see a little hope on the horizon. But, in line with warnings from many of the world’s health experts, the second wave of the virus has struck. And people have pulled back from their post-lockdown holiday plans.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…Then on Thursday, IAG revealed painful third-quarter figures. The company now plans for capacity in Q4 of no more than 30% of its 2019 operations. As a result, it says it “no longer expects to reach breakeven in terms of net cash flows from operating activities during 4Q 2020.“Investors understandably responded negatively, and the IAG share price fell 5.7% in early trading. But some enthusiasm returned in the first couple of hours. And, as I write, the shares are down only around 1.5%.Weaker than expectedRevenue in Q3 fell by 83% to €1.2bn, from €7.3bn in the same quarter last year. And while the company made an operating profit of €1.4bn in Q3 2019, this year it recorded an operating loss of €1.3bn. That’s not surprising when we look at passenger numbers. Passenger capacity (in available seat kilometres) dropped 78.6%, while passenger traffic (in revenue passenger kilometres) plunged by 88%.Bookings have not progressed as previously expected. IAG puts that down to “additional measures implemented by many European governments in response to a second wave of Covid-19 infections.” Yet, the IAG share price remains resilient. Why is that?Strong liquidityOn the upside, liquidity looks good. The capital increase provided €2.74bn in gross proceeds, but things seemed reasonably secure even before that. At 30 September, IAG’s total liquidity stood at €6.6bn, and now we’re looking at €9.3bn.Full Q3 results are due on 30 October, and the IAG share price seems to be holding. So what would I do now?Well, firstly, the only thing I find surprising about the pandemic’s second wave is that people are surprised. When I saw folks rushing back on board planes pretty much the moment they were allowed to, I thought they must be mad. We’re nowhere near herd immunity. And I think it’s finally dawning on the optimists that this pandemic could be with us for a lot longer than we’d feared.IAG share price stability?With that €9.3bn in liquidity, and at the current rate of loss, I think IAG could keep going for quite some time before profit returns. And I’m convinced this strong liquidity position lies behind the muted reaction to the Q3 underperformance reported Thursday.So I think we might have some substantial support backing up the IAG share price here. As such, I think IAG could be an attractive target for recovery investors. But my bottom line feeling is, why take the risk? Why, when there are so many other great share buys out there now with significantly lower risk? Image source: British Airways
TAGS: Saracens LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS 3 Carlos Nieto4 Hayden Smith5 Mouritz Botha6 Jacques Burger7 Andy Saull8 Ernst Joubert ©16 Jamie George17 Rhys Gill18 Petrus du Plessis19 Steve Borthwick20 Justin Melck21 Richard Wigglesworth Saracens travel to Harlequins on Saturday as the Aviva Premiership regular season draws to a close.With a home semi-final already secured, Sarries head to Twickenham looking to extend a winning run of 10 matches in all competitions.In team news ahead of the game, Hayden Smith and Mouritz Botha form the second row partnership with club captain Steve Borthwick named on the bench for this week’s game. Aviva Premiership Player of the Year nominee Schalk Brits continues at hooker while Land Rover Discovery of the Season contender Owen Farrell starts at fly half.Saracens player of the Year Jacques Burger starts in the back row alongside Andy Saull and Ernst Joubert who captain’s the side.Saracens line-up vs Harlequins15 Alex Goode14 David Strettle13 Chris Wyles12 Brad Barritt11 James Short10 Owen Farrell9 Neil de Kock1 Matt Stevens2 Schalk Brits 22 Nils Mordt23 Noah Cato
ArchDaily CopyHousing•Sète, France Housing Architects: CFA Year Completion year of this architecture project Photographs: Cécile SeptetText description provided by the architects. The building plot lies on the thin strip of land between the Étang de Thau and the Mediterranean Sea on the northern side of the old town, close to the commercial port and its huge industrial facilities. How should we evoke the site’s past and at the same time, through architecture, forge a modern identity for this entrance point to the town of Sète and its emerging neighbourhoods? How should we respond to the titanic scale of the port, with the sea as the horizon, while also maintaining the old town’s way of living?Save this picture!© Cécile SeptetRecommended ProductsPorcelain StonewareApariciPorcelain Tiles – BrickworkCoffee tablesBoConceptMadrid Coffee Table AD21Corporate ApplicationsULMA Architectural SolutionsPolymer Concrete Facade in UniEléctricaThe project design is based on three blocks of flats set on a ground-floor base. The development comprises four distinct parts: 16 council flats in various configurations; 55 private two- and three-room flats; and shops and car parks to service all of the above. The base accommodates the shops and the car parks, whereas the blocks house the flats. The six-floor block of council flats provides a transition from the existing buildings around it and is therefore located at the centre of the project. The other two eight-floor blocks are thus free to demonstrate their autonomy. The block standing on the street corner marks the entrance to the old town while also looking out towards the commercial port facilities and future developments on the empty docklands. The block at the back is situated above parking spaces and gardens. It looks like a sculpted object in the middle of the ‘island’ and we therefore forget that regulations made it impossible to set the building against the existing party wall. Save this picture!© Cécile SeptetThese blocks also embody a principle of ‘Mediterranean architecture’ that allows for a lifestyle adapted to the local climate: outdoor living protected from intense heat. There are balconies running along the façade and these outdoor extensions allow occupants to walk around the outside of their flats. A galvanised steel screen protects it during very hot weather and also provides a nice amount of privacy. It follows the curve created by the varying widths of the balconies. It lends harmony to the three blocks and makes them easier to interpret. They become gigantic steel cocoons whose materials remind us of the maritime world, while their shape is reminiscent of a ship’s stem and the wind in the screen slats sounds like the jangling of masts in a port. The screen also allow occupants to make appropriate their balconies without disturbing their neighbours, and to create a ‘homely’ feel while also enjoying the view and life in the town centre. Save this picture!site planMaking good use of the various slopes, the car park creates a man-made topography in the centre of the block of land and harbours a landscape of gardens and parking spaces. The effect is like shelly limestone and it is punctuated with beds of broken rocks and characteristic regional plants. The ground is protected by a layer of bushes and small trees, which provide shade as well as establishing the requisite distance between the flats and people using the car parks.Save this picture!© Cécile SeptetProject gallerySee allShow lessCholula Student Housing / BNKR ArquitecturaArticlesRe-Thinking Shanghai Proposal / Vinícius Philot, Fabiano Ravaglia and Gibran DuarteArticlesProject locationAddress:Sète, FranceLocation to be used only as a reference. It could indicate city/country but not exact address. Share Photographs Save this picture!© Cécile Septet+ 13 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/244760/71-council-and-private-flats-in-sete-cfa Clipboard CopyAbout this officeCFAOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingHousingSèteFrancePublished on June 18, 2012Cite: “71 council and private flats in Sète / CFA” 18 Jun 2012. ArchDaily. Accessed 11 Jun 2021.
Community News Top of the News Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News 4 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Herbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyCreative Ways To Burn Calories That Require Little EffortHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeauty Business News Cross Campus Pasadena Opens with Mayoral Ribbon Cutting Silicon Beach’s “Nerve Center,” which famously hosted President Obama in October, expands into Pasadena. Signals region’s importance as tech hub. STAFF REPORTS Published on Wednesday, March 4, 2015 | 1:34 pm EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Make a comment Business News Name (required) Mail (required) (not be published) Website The Mayor of Pasadena, Bill Bogaard, joined the co-founders of Cross Campus, the Pasadena Chamber of Commerce, and Rising Realty Partners for a ceremonial ribbon cutting to signal the opening of Cross Campus, a collaborative, on-demand work space and business event venue, expansion into Pasadena.Dubbed â€œthe nerve center of Silicon Beach,â€ the flagship Cross Campus Santa Monica location is Los Angelesâ€™ largest co-working space and business event venue, and has served as a hub for Los Angelesâ€™ recent entrepreneurship boom. The facility famously hosted President Obama’s town hall with the technology community in October. Other events have included luminaries such as Elon Musk, Brad Feld of the Foundry Group, and David Cohen of TechStars.As a business event venue, Cross Campus Old Pasadena is set up to host speaking engagements, launch events, hackathons, and workshops with a capacity of around 250 attendees. The building complex was recently purchased by Rising Realty Partners and technology entrepreneur David Sacks, who immediately launched a rebrand and technological upgrade of the complex together with 5×5 Telecom.Pasadena is a hotbed of economically important tech activity. The area is already home to world-class institutions such as Caltech, NASAâ€™s Jet Propulsion Lab, and Art Center College of Design. The area contains great public transit and a density of food, retail and entertainment options, Pasadena has the raw materials to grow and weâ€™re excited to help catalyze this growth.Cross Campus Pasadena is located at 87 N. Raymond Avenue. For more information contactÂ (310) 395-3500 or emailÂ [email protected]
Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy View of John Muir School, showing damage from the March 10 1933 Long Beach earthquake.Deep oil drilling on Huntington Beach in the Los Angeles basin could have caused the 1933 Long Beach earthquake, the deadliest earthquake ever to hit southern California on record, a new study by two government scientists in Pasadena suggests.A report in the Los Angeles Times Monday said the study, written by scientists Susan Hough and Morgan Page at the U.S. Geological Survey field office in Pasadena, will be published in the Bulletin of the Seismological Society of America on Tuesday.The study also suggests that three other earthquakes, including magnitude 5.0 earthquakes in Inglewood in 1920 and in Whittier in 1929, may also be linked to oil drilling.The 1933 quake, recorded with a 6.4 magnitude, killed between 115 and 120 people and toppled hundreds of buildings in the area.Hough and Page wrote the report after combing through old California oil drilling records.According to the LA Times, the two scientists discovered that some of the Los Angeles Basin’s largest earthquakes between 1900 and 1935 happened shortly after significant changes were made in oil production in nearby fields. At the time, the Los Angeles area was one of the world’s leading oil producers.“It was kind of more of a Wild West industry back a hundred years ago, and the technology wasn’t as sophisticated,” Hough tells the LA Times. “People would just pump oil and in some cases the ground would subside – fairly dramatically.”Drilling for oil could have changed stresses on underground rock, and that could have pushed earthquake faults to rupture, the study said.The report’s finding does not mean that oil drilling is causing earthquakes in Southern California today. Other scientists have looked at earthquakes during more recent decades and have not found any reason to blame oil production for triggering earthquakes more recently in the L.A. Basin, said the report.Last year, Hough and Page also published a study pointing to oil production activities that could have induced most of the significant earthquakes in Oklahoma during the 20th century.The Long Beach earthquake was so called because the worst damage occurred in that city, but the epicenter of the earthquake was actually in the Huntington Beach area. The quake destroyed many brick buildings, and prompted officials to ban new construction of weakly reinforced brick buildings.Among the sources Hough and Page studied were state reports on oil field operations that precisely identified where drilling had happened. Hough said she found that there was notable drilling activity very close to the epicenter of the Long Beach earthquake that had begun just nine months before the temblor.The LA Times said the scientists identified five earthquakes in Southern California between 1900 and 1933 that were magnitude 5 and above. One was offshore west of Santa Monica, and there was no evidence it was linked with oil production. But for the other four earthquakes – in 1920, 1929, 1930 and 1933 – in each case, the epicenter was no more than a few miles away from where there was notable oil drilling in the three to nine months before the earth shook.If the report proves to be true, one promising implication would be that the L.A. Basin is not as naturally seismically active as it is believed to be. Geologically, the area could be safer than previously thought.However, it could also mean that human-induced earthquakes, like the 1933 could possibly be, could cause more damaging earthquakes than some previously thought were possible.One thing that’s certain, the scientists tell the LA Times, is that nothing in the study suggests that a halt to oil drilling would stop earthquakes from happening in Southern California. The state sits on the edge of two gigantic tectonic plates that create strain as they move past each other, and that strain must be released through earthquakes. Community News Subscribe Science and Technology U.S. Geological Survey Scientists in Pasadena Say 1933 Long Beach Earthquake May Have Been Caused by Oil Drilling From STAFF REPORTS Published on Monday, October 31, 2016 | 7:31 pm Community News 3 recommended0 commentsShareShareTweetSharePin it Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeauty Name (required) Mail (required) (not be published) Website Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Pinterest Senate agrees to hear Trump case, rejecting GOP arguments Twitter By Digital AIM Web Support – February 9, 2021 Local NewsUS News Twitter TAGS House impeachment manager Rep. Jamie Raskin opened the trial against former President Donald Trump arguing that allowing Trump’s actions to go unpunished would create a dangerous new “January exception to the Constitution of the United States.” WhatsApp Pinterest WhatsApp Facebook Facebook Previous articleCardinals re-sign C Yadier Molina for 18th seasonNext articleThe Latest: N.C. senators OK bill to force schools to reopen Digital AIM Web Support
nito100/iStockBY: WILLIAM MANSELL AND ELLA TORRES, ABC NEWS(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 338,000 people worldwide.Over 5.2 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks.The United States is the worst-affected country in the world, with more than 1.6 million diagnosed cases and at least 96,007 deaths.Today’s biggest developments:US nears 100,000 deathsSymptomatic hair stylist ‘potentially directly exposed’ 84 clientsHere’s how the news is developing today. All times Eastern. Please refresh this page for updates.2:20 p.m.: NBA seeks to restart at Disney WorldThe NBA is in talks with The Walt Disney Company to continue the 2019-2020 season in July at the ESPN Wide World of Sports Complex at Walt Disney World Resort in Orlando, Florida.“The Walt Disney Company has a great, long-standing relationship with the NBA. We are engaged in conversations with them about completing the 2019-2020 season at the ESPN Wide World of Sports at Walt Disney World Resort,” according to a Disney spokesperson.The NBA suspended its season indefinitely on March 11, in response to the coronavirus pandemic.It remains unclear whether the NBA will play the remainder of its regular season or proceed directly to the playoffs. But the 220-acre ESPN Wide World of Sports Complex, with its three arenas and ample hotel accommodations, would allow the league to restart play while limiting outside exposures.“Our priority continues to be the health and safety of all involved, and we are working with public health experts and government officials on a comprehensive set of guidelines to ensure that appropriate medical protocols and protections are in place,” said Mike Bass, a spokesman for the NBA.Disney is the parent company of ABC News.12:25 p.m.: Daily deaths in NY fall below 100Daily deaths in New York fell to 84, Gov. Andrew Cuomo said, marking the first time since late March the number was below 100.Cuomo said that while the number was painful for those families, it is a sign the state is “making real progress.”He recalled a conversation he had with a health care worker when New York deaths were in the hundreds each day. Cuomo asked what number he should be aiming for as a positive sign.“If you can get under 100, I think you can breathe a sigh of relief,” Cuomo said the worker told him. “When he said this, we were in the hundreds and hundreds, and getting below 100 was almost impossible, but I made a little note. You need something in life to shoot for, you need something to aim for.”With the metrics still down, Cuomo said that the mid-Hudson region could reopen beginning Tuesday and Long Island could start reopening on Wednesday.He also applauded those who went to the beaches Friday, saying they followed safety measures.11:51 a.m.: North Carolina sees highest 1-day increase in casesNorth Carolina reported its highest one-day increase of confirmed cases, with 1,107 cases, according to the state’s Department of Health and Human Services.“This is a notable and concerning increase. As we head into a holiday weekend, please practice the three Ws — wear a face covering, wait six feet apart, and wash your hands frequently. When it comes to our health, we need to work together to protect our families, friends and neighbors,” NCDHHS Secretary Mandy Cohen said in a statement.The health department said epidemiologists were analyzing the data to determine if there were any significant contributing factors.In addition, 10% of total tests were positive among labs that report both negative and positive tests into the state electronic reporting system.There are 22,725 confirmed cases of COVID-19 and 737 deaths in North Carolina as of Saturday, according to the health department.11:20 a.m.: Spain opening to tourism starting in JulySpain will reopen to international tourism beginning in July, President of Spanish Government Pedro Sanchez announced.“As you know, Spain receives more than 80 million visitors per year. I do announce that starting from July, Spain will reopen foreign tourism with safety conditions. Foreign tourists can start planning their holidays in our country,” Sanchez said.Sanchez added that the country needs tourism and “tourism needs safety from origin to destination.”“We will guarantee that tourists will not take any risks, and will not bring any risk to our country,” he said.Professional soccer will also reopen starting on June 8, but without fans in attendance.Spain was among the countries hardest hit by the virus. There were more than 234,000 confirmed cases and more than 28,000 deaths, the fourth-highest fatality rate in the world, according to data compiled by Johns Hopkins University. There will be 10 days of national mourning for the victims of the pandemic, Sanchez said, beginning Tuesday.10:24 a.m.: Stay-at-home orders sparking some violence, DHS warnsStay-at-home orders and social distancing requirements have sparked some violence in the United States, and it could continue under further restrictions, according to a new federal report obtained by ABC News from analysts at the Department of Homeland Security Counterterrorism Mission Center.“A variety of illicit actors are responding violently to stay-at-home orders and social distancing measures in place due to COVID-19, and we assess both public and private authority figures and essential workers are at highest risk of being targeted, particularly as the pandemic persists,” the DHS reported in the notice issued to law enforcement and federal government leadership Thursday. “Even as parts of the country begin lifting some of these measures, some illicit actors probably will view any continued state-mandated orders as government overreach, and anticipated safety guidelines and policies—specifically the use of face masks—probably also will serve as a driving factor behind continued violent incidents related to the pandemic.”The DHS report was issued the same day President Trump told reporters in Michigan that he would oppose renewed stay-home rules even if a second-wave outbreak occurs this fall, as many public-health experts fear.The report does not offer any political or health judgments, but instead bluntly warns about possible future violent acts.“Public health officials are warning of a possible second-wave of COVID-19 in late 2020, which would likely result in at least some states re-implementing stay-at-home orders to slow the spread of the virus, according to press reporting. Should this occur, we would expect a repeat of current responses, including additional incidents of hostility against these restrictions, some of which could result in violence targeting law enforcement or other individuals attempting to enforce the stay-at-home orders,” according to the report.There has already been at least one incident early this month. Officials said a sheriff’s private information was published online by white supremacists who were angry about an arrest.A Colorado man was arrested for encouraging people to illegally open-carry firearms at a planned “anti-shutdown protest,” according to the report.“Upon his arrest, law enforcement officials discovered pipe bombs and additional bomb component materials, according to court documents and press reporting. In response to the arrest, members of an online white supremacist extremist group discussed targeting law enforcement and later doxed the sheriff’s home address,” the report stated.9:43 a.m.: Warden removed from virus hotspot after allegedly not removing sick inmates, BOP union saysThe warden at a federal prison in Louisiana, which became a COVID-19 hotspot, has been removed, according to a Bureau of Prisons union official.Rodney Myers was on a temporary assignment as warden at FCC Oakdale. The facility was the first major outbreak in the federal prison system, in which 227 inmates and 40 staff were infected with the virus and eight inmates have died. The complaint also alleges that the numbers the Bureau is releasing are not accurate.This week, the BOP union filed an Occupational Safety and Health Administration complaint about the way Myers handled the COVID-19 outbreak at the federal facility.The OSHA complaint alleged that he knowingly and willingly failed to isolate inmates who had tested positive for COVID-19.“These inmates have been allowed to continue normal daily activities for at least 4 days through the institution to include working in their inmate jobs…” the report says. “By allowing these inmates to ‘roam free’ across the institution and in these different areas, these inmates are spreading this known contagion to otherwise clean and sanitized areas and to inmates and staff who may not currently be infected.”The OSHA complaint also alleged that the warden did not properly conduct a “fit test” for employees’ N95 masks. Instead, according to the complaint, the facility gave staff cloth masks. The U.S. Centers for Disease Control and Prevention recommend that correctional officers wear N95 masks, gloves and a face shield.The Bureau of Prisons has not responded to ABC News’ request for comment.8:40 a.m.: Most legal challenges to stay-at-home orders seeking religious exemptions deniedIn at least 22 cases, a judge has denied legal challenges seeking religious exemptions to stay-at-home orders that would allow houses of worship to host gatherings, according to research by Americans United for the Separation of Church and State, a religious liberty watchdog group that promotes the separation of church and state.The group found six examples where judges granted a religious exemption — four of them in Kentucky, one in Kansas and one in North Carolina. Two of these cases permitted drive-in services and four allowed in-person services. There are at least ten such cases that remain undecided.The data was provided in the wake of President Donald Trump deeming houses of worship “essential.” Trump demanded on Friday governors allow them to reopen “this weekend,” threatening to “override” the governors if they didn’t. He did not explain what legal grounds he had to do so.Rachel Laser, president and CEO of Americans United for Separation of Church and State, said the demand was “irresponsible and reckless — and tragically, will lead to more deaths.”“Decisions about how, when and if houses of worship can offer in-person services must be left to state and local public health officials who are familiar with the unique situations they face,” Laser said in a statement. “President Trump has no power to override the nation’s governors in this area.”7:18 a.m.: Hertz files for brankruptcyCar rental company Hertz filed for Chapter 11 bankruptcy Friday amid the global economic fallout from the COVID-19 pandemic.The company cited the “sudden and dramatic” decline in demand and future bookings as millions across the U.S. stayed at home to help stop slow the spread of the coronavirus.Hertz said all of its stores, along with its subsidiaries like Dollar, Thrifty, will remain open after the filing. All reservations, promotions, vouchers, etc. are expected to continue as usual, the company said.“With the severity of the COVID-19 impact on our business, and the uncertainty of when travel and the economy will rebound, we need to take further steps to weather a potentially prolonged recovery,” Hertz President and CEO Paul Stone said in a statement Friday. “Today’s action will protect the value of our business, allow us to continue our operations and serve our customers, and provide the time to put in place a new, stronger financial foundation to move successfully through this pandemic and to better position us for the future.”While travel is nowhere near normal levels, there is slight momentum towards a rebound as many states begin reopening. TSA screened 318,449 people on Thursday, the highest number of passengers since March 23. Compared to the same day last year, it is still down around 88% when the agency screened 2,673,635 people.5 a.m.: Missouri hair stylist ‘potentially directly exposed’ 84 clients to COVID-19A symptomatic hair stylist in Springfield, Missouri, may have exposed 84 clients and seven coworkers to the novel coronavirus over the course of eight days this month.The hair stylist had recently traveled within the Show-Me and, after returning to Springfield, gave haircuts at a Great Clips from May 12-20, according to the Springfield-Greene County Health Department.“This scenario is well within our capacity for staff to contact trace and hopefully contain,” Clay Goddard, director of health for Springfield-Greene County, said at a news conference Friday. “But I’m going to be honest with you, we can’t have many more of these. We can’t make this a regular habit or our capability as a community will be strained and we will have to reevaluate what things look like going forward.”All potentially exposed individuals will be notified and offered testing, Goddard said. Officials are hoping for a minimal spread of COVID-19 from this incident because all parties concerned were wearing masks.He said as the state and local communities reopen, it’s important for citizens to realize the social responsibility they have to others. Don’t assume your slight cold or allergies are just that; make sure to get tested, Goddard said.If people don’t do this, it will put a strain on the local health care system and could force officials to rethink their economic reopening plans.“We are moving out of a phase where we took enormous sacrifice as a community. There are economic hardships as a result of that,” Goddard said Friday. “We’re in a new phase of this disease where we’re going to walk that tight rope between disease control and economic harm. If we are going to work sick and sharing this illness with others, that’s not a good approach.”Missouri Gov. Mike Parson lifted many of the state’s restrictions and its stay-at-home order on May 4.The state has more than 11,844 diagnosed cases of COVID-19, with at least 677 deaths.Copyright © 2020, ABC Audio. All rights reserved.
Start-ups value staff input more than developed firmsOn 29 Jan 2002 in Personnel Today Well-established companies are less likely to listen to employees’ viewsthan new businesses. US research shows 73 per cent of HR professionals in start-ups reportmanagers having good communication with staff, but only 50 per cent of those inestablished organisations believe superiors keep open communication. The study by the Society for Human Resource Management also finds that 85per cent of new firms give staff the opportunity to suggest businessimprovements, while only 65 per cent of mature firms encourage staff input. The survey of over 570 HR professionals shows companies with less than 100staff tend to reward employees solely with base pay, whereas larger firms aremore likely to give profit-based bonuses. Larger companies are likely to provide more extensive employee trainingprogrammes than smaller firms, as well as offering training on a more formalbasis. Debra Cohen, co-author of the study and director of research, said:”Companies can learn a lot about their HR strategies by looking at thepractices of organisations of differing sizes and stages of development. “Established organisations, for example, don’t appear to be as good atlistening to employee opinions as start-ups. On the other hand, employees mayhave a greater chance to be promoted or move into a new position at a maturecompany than within a young organisation.” The research also finds staff are more secure at larger companies, with 33per cent of large firm respondents saying it is difficult to dismiss anemployee, compared with 17 per cent from small firms. Half of large companies provide comprehensive severance packages to laid-offstaff, while only a third of small firms do the same. www.shrm.org/surveysBy Ben Willmott Related posts:No related photos. Comments are closed. Previous Article Next Article