whatsapp Treasury must lead growth with confidence Show Comments ▼ Tags: NULL KCS-content HEADS were noticeably weary at the World Economic Forum in Davos last week. Not from alcohol – the receptions were restrained – but at the banker bashing. “I am so bored of it. It’s time to talk about the future not the past” was a typical comment. Of course, you would expect the masters of the universe to say that, but even the servants of society who hang around that Swiss ski resort were thinking we need to look forwards not back. Indeed, as far as the economy goes, that is exactly what we need to do. We have been through a major financial and fiscal crisis, the like of which our generation has never seen. Now we have a barrage of regulatory changes, not all misguided, to stop a repeat of the banking crisis, and the government has plotted its difficult course to rebalance the budget. But, as the drop in GDP last quarter shows, although we are taking the medicine, we are not fully recovered. We have rising unemployment, shaky business confidence, a fragile housing market, too-high inflation and thousands of worried public sector workers. The answer to this is not to dwell on past problems, but to chart the course ahead. The specific cure for our ills is obvious, even if the means to achieve it aren’t: growth. We now need a war-like national effort to promote economic dynamism. The chancellor knows this, and will use his budget next month to boost growth. It is the Treasury that must take the lead. The chancellor must plot a course for lower taxes – proven beyond doubt to promote growth. He is already committed to lower corporation taxes and personal taxation for those on low incomes, both of which will help. But he could go further – giving tax breaks to start-ups and venture capitalists. He could bring back enterprise districts to regenerate poorer areas, and give tax breaks to companies setting up European headquarters in London, to stop them moving to Dublin.But more than this, the government should test all its policies against the criterion: will they help growth? The bribery laws will clearly hurt UK Plc and the government should reconsider them; pension ages should be extended; union powers curbed; skilled immigration enhanced; planning controls eased up; aviation capacity increased. The government must also speak out with confidence about the many opportunities that Britain offers to investors and workers alike.If we don’t focus on the future, we will be trapped in the past. And with the past few years being the most miserable on record, the future is clearly a better place to be. •Anthony Browne is an adviser to the Mayor of London Share Wednesday 2 February 2011 7:47 pm whatsapp
Bank of Japan moves to inject another £46bn whatsapp John Dunne Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap The Bank of Japan has offered to inject a further 6 trillion yen (£46bn) into the banking system, continuing its effort to calm markets in the wake of the yen’s spike to a record high against the dollar.That came on top of a total of 28 trillion yen already offered in same-day operations this week in the aftermath of last Friday’s devastating earthquake and tsunami.The BOJ hopes its fund injections will help ease market jitters and keep it from tapping its limited monetary policy options to support the economy.The central bank offered 5 trillion yen in the morning, which drew just 1.12 trillion yen of bids, showing there was no strain in the banking system. It offered another one trillion yen in one-day funds in the afternoon.Market speculation that Tokyo may intervene to stem sharp yen rises heightened after the Japanese currency hit a record high against the dollar on Thursday, amid expectations that domestic investors would repatriate cash after last week’s deadly disaster.The BOJ eased monetary policy on Monday by boosting its asset buying pool but is far from done loosening its grip on credit, and may act again next month if markets destabilise enough to threaten Japan’s economic prospects, sources familiar with the central bank’s thinking said.But for now the possibility of an emergency policy meeting is slim, as the BOJ feels the priority is to continue pumping more money into the banking system through its market operations to calm market jitters, the sources said. Share whatsapp Thursday 17 March 2011 4:09 am Show Comments ▼ Tags: NULL
Just another sport 6th March 2020 | By Stephen Carter Tags: Online Gambling Video Gaming Topics: Casino & games Esports Sports betting Video gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Esports is a multi-billion dollar industry in which professional athletes compete against one another, just like in any other sport, says UltraPlay chief executive Mario Ovcharov. It’s about time the betting industry wakes up to its potential Casino & games Esports is a multi-billion dollar industry in which professional athletes compete against one another, just like in any other sport, says UltraPlay chief executive Mario Ovcharov. It’s about time the betting industry wakes up to its potentialFew are better placed to comment on the burgeoning esports market than UltraPlay chief executive Mario Ovcharov, considering he was one of the men behind the development of the supplier’s esports betting solution. While UltraPlay celebrates its tenth anniversary this year, and claims to have been the first to launch a Bitcoin casino site back in 2011, it’s the esports betting product that put it on the map. Ovcharov, who joined in 2014, came into the company as a bettor, rather than someone who worked in betting. However, working alongside head of trading Peter Ivanov, he was responsible for developing its entire esports betting ecosystem.Core to the development of this offering was presenting esports betting in the way he and Ivanov believed it should be presented. “Everybody now knows what it is, and most operators have it in some form, but back then, only a few operators were offering esports betting, and generally not in the way we thought it was effective,” he explains. This saw UltraPlay work with teams and tournament organisers, as part of efforts to get under the skin of the industry at every level, not only to educate the business on how to bet on esports, but to understand what else was out in the market.It ultimately resulted in the launch of live betting, including the first in-play markets on Counter-Strike: Global Offensive, before expanding into other titles. Integrity issues It’s often said that esports betting lies outside the mainstream. Not so, according to Ovcharov. It’s a market that’s growing by about 200% year-over-year, and has quickly moved from one where the average stake was $10, to one in which punters will wager up to $10,000.Not that this growth in betting activity has created opportunities for match-fixing, he’s quick to add. UltraPlay was one of the first members of the Esports Integrity Commission, and Ovcharov says it tries to “stay on top of the integrity issue”.Nevertheless, he denies betting-related corruption is a big problem.“When I go to conferences, I always get asked about match-fixing, but honestly you’re looking at about 50 cases in five, six years, where the fixers only earn about $200,” he says. “There’s nowhere you can bet $100k. “And in some sports, and some leagues, match-fixing or allegations of match-fixing don’t result in you being banned for life,” he adds, noting that esports has a ‘one strike and you’re out’ policy across the board.Crypto and skins It’s also important to note that esports betting activity is no different from any other sport, in that it is driven predominantly by cash stakes, rather than cryptocurrency. While UltraPlay has a certain pedigree in cryptocurrency, considering the Bitcoin casino launch, Ovcharov suggests it isn’t a major driver of esports betting growth.“You see that all major operators now offer esports betting, whether that’s through a microsite or alongside the traditional sports,” he points out. “But the main volume that’s been driven through the brands best-known for esports betting, maybe 30% would be crypto, 70% real money.”And skin betting, he says, is not even part of the esports ecosystem today.“Skin betting pretty much died after one controversial change [gaming platform provider] Steam made to the trading and selling of skins,” he says. “That basically locked up and blocked many of the sites offering skin betting, which wiped out billions that could have been converted to cash. Since this happened, the other sites shifted to real money.”It’s these skin bettors that may prove to drive the growth in cryptocurrency betting transactions. Ovcharov notes it is a natural shift from betting with skins to betting with cryptocurrency.“Many of the in-game markets look very similar to a minimalistic form of Bitcoin or Blockchain,” he says. “These players that have come from online multiplayer games understand that transaction process, so it was a natural shift. They already knew how to make similar transactions.”Regulatory reticence Ovcharov paints a picture of a huge market ready to explode. It’s a market likely to be aided by a young audience coming of age that has less interest in watching sports such as snooker or tennis than the generation before them. That’s not to say there aren’t frustrations, especially when it comes to regulation. “[Regulators] are being run by individuals that are not open to growth or change, in conservative countries that refuse to understand or even look at it,” he says. “Regulators in countries such as Italy just say [esports] should be regulated similar to a game with a random number generator – how is it a game of chance?”It’s a sport, he says, and one whose highest-profile competitions can attract audiences of up to 60 million, something only the Champions League or World Cup finals can match.“[Every] professional player there is as committed as any other professional athlete,” he says. “They play 12-14 hours a day, have mental coaches, psychiatrists, dieticians, it’s the same structure as any other team – one even has its own private jet. I don’t see that stopping.”It’s therefore only a matter of time before the gambling industry fully acknowledges this. Some, he says, already have.“We’ve seen interest from bigger, regulated customers that want to prepare for the coming generation before their competitors,” he says. “So coming next for us, and for esports, is just being recognised as another sport.” Subscribe to the iGaming newsletter Email Address
Kenya Commercial Bank Limited (KCB.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2005 annual report.For more information about Kenya Commercial Bank Limited (KCB.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.ke) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.ke) 2005 annual report.Company ProfileKenya Commercial Bank Limited (KCB Bank) is a financial services institution in Kenya offering products and services to the commercial sector. The banking group offers a full-service offering for commercial and corporate clients and runs an Agency banking model. Its parent company, KCB Group, was founded as a branch of the National Bank of India in Mombasa. Grindlays Bank merged with the National Bank of India in 1958 to form the National & Grindlays Bank. The government of Kenya bought a 60% stake in National & Grindlays Bank and took full control of it in 1970; renaming it Kenya Commercial Group. It was renamed KCB Bank Kenya after a corporate restructure. KCB Bank Kenya is a wholly-owned subsidiary of the KCB Group. Its head office is in Nairobi, Kenya. Kenya Commercial Bank Limited is listed on the Nairobi Securities Exchange
Peter Stephens | Sunday, 14th February, 2021 Is it too late to capitalise on a stock market rally after the 2020 market crash? Our 6 ‘Best Buys Now’ Shares Since the 2020 market crash, a stock market rally has pushed the valuations of many UK shares to significantly higher levels. For example, the FTSE 100 is trading around 30% higher than it was at its lowest point during the crash.Despite this, many shares continue to trade at low prices versus their historic averages and when compared to other companies in the same index. This could present an opportunity to buy undervalued shares and hold them for the long run. They could benefit from a further market rise in the coming years.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…Undervalued shares after the stock market rallyThe recent stock market rally has left many shares trading at higher prices versus a number of months ago. But there could still be opportunities to access high-quality companies at low prices. Sectors such as financial services, housebuilding and media continue to contain a wide range of businesses that, in some cases, are a long way from fully recovering from the 2020 market crash.Some of those businesses may be trading at low prices because they have weak financial positions or strategies that may not be easily adapted to a changing world economy. However, in other cases low share prices are currently on offer for financially solid companies with good growth prospects. They could prove to be worthwhile buying opportunities on a long-term basis. Such firms may be able to capitalise on the potential for a stock market rally provided by the world economy.Further growth potential after the 2020 crashWhile many UK shares have made gains since the 2020 market crash, history suggests the stock market rally could have further to run. Clearly, no stock performance is ever guaranteed and the past is never repeated exactly the same way in future. However, indexes such as the FTSE 100 have always recovered from their declines to post new record highs. It currently trades around 10% on its price level from a year ago. This could mean there are further gains on offer over the long run.Monetary policy indicates that conditions for equity markets could remain favourable over the coming years. Interest rates are forecast to remain at or close to historic lows over the next few years. Meanwhile, negative interest rates have not yet been ruled out by the Bank of England, while further quantitative easing could be put in place should the economic recovery stall after coronavirus containment measures come to an end.Capitalising on the prospects for equity marketsTherefore, the prospect of a further stock market rally could be relatively high. Through buying a diverse range of undervalued stocks, it may be possible to capitalise on it. Certainly, volatility and risks remain elevated – and are likely to continue to be high in the coming years. But, from a risk/reward perspective, a number of UK shares could offer appeal at the present time. Image source: Getty Images. FREE REPORT: Why this £5 stock could be set to surge Enter Your Email Address 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. Get the full details on this £5 stock now – while your report is free. Simply click below to discover how you can take advantage of this. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. 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. See all posts by Peter Stephens
Please enter your name here Florida gas prices jump 12 cents; most expensive since 2014 TAGSHistory ChannelHot Air Balloons Previous articleWhat’s that colorful tape athletes are wearing?Next articleSummer Olympics Medal Count Update – Day 11 Denise Connell RELATED ARTICLESMORE FROM AUTHOR UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment. Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Please enter your comment! Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here On This Day in History: August 17th, 1978From The History ChannelThe Double Eagle II completes the first transatlantic balloon flight when it lands in a barley field near Paris, 137 hours after lifting off from Preque Isle, Maine. The helium-filled balloon was piloted by Ben Abruzzo, Maxie Anderson, and Larry Newman and flew 3,233 miles in the six-day odyssey.Human flight first became a reality in the early 1780s with the successful development of the hot-air balloon by French papermaking brothers Joseph and Etienne Montgolfier. Soon balloons were being filled with lighter-than-air gas, such as helium or hydrogen, to provide buoyancy. An early achievement of ballooning came in 1785 when Frenchman Jean-Pierre Blanchard and American John Jeffries became the first to cross the English Channel by air. In the 18th and 19th centuries, balloons were used more for military surveillance and scientific study than for transport or sport. As a mode of air travel, the balloon was supplanted by the self-propelled dirigible–a motorized balloon–in the late 19th century.In the early 20th century, however, interest in sport ballooning began to grow, and an international trophy was offered annually for long-distance flights. Belgian balloonists dominated these early competitions. After World War II, new technology made ballooning safer and more affordable, and by the 1960s the sport enjoyed widespread popularity. The transatlantic flight, first accomplished by aircraft and dirigible in 1919, remained an elusive goal of elite balloonists.Double Eagle II crosses the Atlantic.From 1859 until the flight of the Double Eagle II in 1978, there were 17 unsuccessful transatlantic balloon flights, resulting in the deaths of at least seven balloonists. In September 1977, Ben Abruzzo and Maxie Anderson made their first attempt in the Double Eagle I but were blown off course and forced to ditch off Iceland after traveling 2,950 miles in 66 hours. Abruzzo took several months to recover from frostbite suffered during the ordeal, but by 1978 he and Anderson were ready to make the attempt again. They added Larry Newman as a third pilot, and on September 11, 1978, the Double Eagle II lifted off from Preque Isle, Maine.The 11-story, helium-filled balloon made good progress during the first four days, and the three pilots survived on hot dogs and canned sardines. The only real trouble of the trip occurred on August 16, when atmospheric conditions forced the Double Eagle II to drop from 20,000 feet to a dangerous 4,000 feet. They jettisoned ballast material and soon rose to a safe height again. That night, they reached the coast of Ireland and on August 17 flew across England en route to their destination of Le Bourget field in Paris, site of Charles Lindbergh’s landing after flying solo in a plane across the Atlantic in 1927. Over southern England, their wives flew close enough to the balloon in a private plane to blow kisses at their husbands.Blown slightly off course toward the end of the journey, they touched down just before dusk on August 17 near the hamlet of Miserey, about 50 miles west of Paris. Their 137-hour flight set new endurance and distance records. The Americans were greeted by family members and jubilant French spectators who followed their balloon by car. That night, Larry Newman, who at 31 was the youngest of the three pilots, was allowed to sleep with his wife in the same bed where Charles Lindbergh slept after his historic transatlantic flight five decades before.In 1981, Ben Abruzzo, Larry Newman, Ron Clark, and Rocky Aoki of Japan flew from Nagashimi, Japan, to Mendocino National Forest in California in the first transpacific flight. American Joe Kittinger made a solo transatlantic balloon flight in 1984. In 1995, American Steve Fosset accomplished a solo transpacific flight. One of the last frontiers of ballooning was conquered in 1999, when Bertrand Piccard of Switzerland and Englishman Brian Jones completed the first nonstop trip around the world in a hybrid helium and hot-air balloon. They flew from the Swiss Alps, circumnavigated the globe, and landed in Egypt, having traveled more than 29,000 miles in 20 days.Then, in 2002, American adventurer Steve Fossett became the first man in history to fly around the world solo in a hot-air balloon.For more on this day in history, go here.
Support conservation and fish with NEW Florida specialty license plate TAGSFundingGovernor Ron DeSantisSprings Restoration ProjectsSt. Johns River Water Management District Previous articleAAA: Florida gas prices drop 4 centsNext article5 ways the COVID-19 pandemic could affect your college application Denise Connell RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here Wekiva Springs State Park, photo by Central Florida Sierra Club Please enter your name here Share on Facebook Tweet on Twitter The Anatomy of Fear Along with $100 million last year, this is the largest two-year investment in springs in Florida’s historyFrom St. John’s River Water Management DistrictGovernor Ron DeSantis announced last week $50 million for more than 20 statewide springs restoration projects to aid the recovery and provide additional protection for Florida’s springs. These projects work in concert with increased monitoring, enforcement, and other measures to ensure compliance with best management practices implemented to improve water quality across the state.“Florida’s springs are integral to both our economy and environment,” said Governor DeSantis. “Our state is home to more large springs than any other state in the nation and they serve as a fun source of recreation for our residents and visitors to enjoy. The projects… continue our mission to restore and protect our water quality throughout Florida.”“The Department of Environmental Protection (DEP) is engaged in a broad suite of water quality improvement efforts across the state,” said DEP Secretary Noah Valenstein. “Of particular importance to the state are those projects tied to springs restoration. This diverse selection of projects will be complemented and enhanced by Department initiatives to increase facility inspections, water quality monitoring, and enforcement.”“Florida’s springs are among our most precious water resources,” said Chief Science Officer Dr. Tom Frazer. “They reflect the quality of our drinking water and nourish some of the most iconic surface waters in the state. The projects announced are intended to increase spring flows and improve water quality so that these springs systems and the resources that they support can be accessed and enjoyed by generations to come.”Springs provide a window into Florida’s vast groundwater system and are a barometer of the condition of the state’s primary source of drinking water. DEP and four Florida water management districts have identified a broad suite of projects that include land acquisition, septic to sewer conversion, and water quality improvement efforts, intended to increase aquifer recharge, improve spring flow, and protect downstream habitats all the way to the coast.Many of the projects, including those below, will benefit ongoing restoration efforts in springsheds. These restoration efforts reflect a collaborative effort with the department, water management districts, community leaders and local stakeholders. The contributions and cooperation of these agencies and individuals have been crucial throughout the development process. Combining and leveraging resources from various agencies across Florida allows for a more efficient and comprehensive restoration effort.The more than 20 statewide springs projects include:St. Johns River Water Management District$1.1 million for the Apopka West Reuse Storage Facility and Reclaimed Water Extension project that will provide nearly 3.48 million gallons per day of reclaimed water, benefiting Wekiwa and Rock springs.Northwest Florida Water Management District:$1.1 million to extend central sewer service to the Tara Estates neighborhood located north of Marianna, including abandoning septic tanks proximate to the Chipola River.Southwest Florida Water Management District:A total of more than $8.3 million for projects in Marion County that will help protect Rainbow Springs, including Burkitt Road Septic to Sewer, Northwest Regional Wastewater Treatment Plant Expansion, Oak Bend I-75 Water Quality Improvement and the 180th Avenue Package Plant Abatement.Suwannee River Water Management DistrictA total of more than $2.3 million for the acquisition of more than 3,600 acres of land to protect springs in Columbia County Grasslands (Ichetucknee Springs), Devil’s Ear Springs Recharge (Ginnie Springs Group), Santa Fe Springs and Sawdust Spring (Sawdust and Devil’s Ear springs). The acquisition of these lands will help improve aquifer recharge potential, enhance recreational opportunities and protect native species.For more information on Florida’s spring restoration project funding, please visit www.floridadep.gov/springs/restoration-funding. Please enter your comment! LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11