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Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list

Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndo whatsapp 4. Clifford Chance5.= MI55.= National Assembly for Wales7. Baker McKenzie8.= Berwin Leighton Paisner8.= Cheshire Fire & Rescue Service10.= Norton Rose Fullbright10.= KPMG12. Tower Hamlets Homes13.= Crown Office & Procurator Fiscal Service13.= RBS15. Leicestershire Police16. Cheshire Police17.= Dentons17.= Hogans Lovells19. PwC20.= MI620.= Police Scotland20.= Victim Support Lloyds Banking Group has taken the top spot of Stonewall’s top 100 LGBT employers list.Banking and legal dominated the list of the charity’s most inclusive employers. The top ranked law and finance firms (Source: Stonewall)The list is compiled from submissions to the Workplace Equality Index, a benchmarking tool used by employers to gauge their progress when it comes to LGBT equality in the workplace. Thursday 19 January 2017 8:20 am And in an anonymous survey of more than 92,000 staff from the 439 organisations that took part in the Index, one in eight said they didn’t feel comfortable disclosing their sexual orientation to any managers or senior colleagues.One in five trans employees wouldn’t feel comfortable disclosing their gender identity to any colleagues and 43 per cent wouldn’t feel happy disclosing their gender identity to any customers or clients.Top LGBT employers1. Lloyds2. Pinsent Masons3. JP Morgan Share Rebecca Smith whatsapp Stonewall’s chief executive Ruth Hunt called Lloyds “a trailblazer” for LGBT equality.António Horta Osório, group chief executive, Lloyds Banking Group, said: “We are honoured to be recognised by Stonewall as the leading employer for lesbian, gay, bisexual and transgender people. Lloyds Banking Group is committed to supporting diversity in its workforce so that we can harness all of the qualities and talents of our colleagues to achieve our aim of helping Britain prosper.”Read more: Lloyds leads the banking sector in LGBT AwardsEight organisations were deemed to have gone above and beyond in demonstrating their commitment to LGBT inclusion at work are Accenture, Barclays, EY, Gentoo, Goldman Sachs, Home Office, Simmons & Simmons and Nottinghamshire Healthcare NHS Foundation Trust.There were no media companies in the top 100 though, nor firms from travel or construction, while Stonewall said retail, leisure and arts were all underrepresented. Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list Lloyds, which came second to MI5 last year, launched a new colleague volunteering programme and formed official partnership with lesbian, gay, bi and trans (LGBT) charities.Law firm Pinsent Masons took the second spot (up from fifth last year), while JP Morgan shot up the list from 41st place in 2016 to third for 2017.Read more: It’s official: The government is no longer Lloyds’ largest shareholder read more

London workers bargain for higher pay as economy grows

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBall Monday 3 August 2015 8:29 pm Express KCS whatsapp Show Comments ▼ London workers bargain for higher pay as economy grows Sharecenter_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap With the UK economy growing strongly, London’s job hunters are putting more emphasis on pay when searching for potential employers, new research shows.Compensation is now the top factor when considering jobs with 20 per cent of Londoners saying they were most motivated by pay, according to survey figures released today by recruiter Randstad.It is a fall on last year’s 22 per cent, but remains substantially higher than 11 per cent in 2012.Workers starting out on their careers in 2013, 2014, 2015 have benefited from a recovering economy, and a biting skills shortage. This means they have been better placed to negotiate on starting salary, Randstad said.“London has always drawn in money-motivated individuals, but the number of job-hunters who will select their future company based primarily on salary has doubled since 2012,” said Randstad UK chief executive Mark Bull.“Today’s jobseekers are entering a capital bursting with opportunity, a city home to a third of all the jobs Britain has created since the recession, and a thriving financial and technology hub.”[custom id=”21″] Tags: employment and wages UK jobslast_img read more

Drug makers struggle to revive interest in anti-obesity pills once seen as surefire hits

first_imgNewer weight loss drugs only command a small portion of the broader US obesity market, Narachi said. About 75 percent of the prescriptions doled out for weight loss are actually generic amphetamines. Orexigen’s angle, now, is to point out to doctors that these amphetamines can be addictive and only work in the short term — whereas weight loss drugs like Contrave could prove safer.“In order for us to win, to succeed, our bet is pretty simple: About 18,000 prescribers write the mass majority of obesity prescriptions, and we think they’ll respond to our message of differentiation against generics,” Narachi said.Companies are still pushing obesity treatments through their pipelines: Last year, Danish drug maker Novo Nordisk rejiggered its diabetes drug Victoza and launched an obesity drug called Saxenda. And Cambridge, Mass.-based startup Zafgen is developing an experimental medication for an obesity-related disease called Prader-Willi syndrome, persevering despite the deaths of two patients in clinical trials.But investors have largely lost interest.When Arena launched its obesity drug four years ago, the share price hovered around $10; today, it’s a buck and change. When Vivus got regulatory approval for its drug, shares peaked above $28. It’s been more than a year since it traded above $2.Novo Nordisk’s Saxenda had a strong start last year, but sales appear to be slowing for this weight loss drug as well.As for Orexigen, it’s scaling back its dreams and forging ahead.The company once had grand plans to market Contrave through the large Takeda sales team — 900 members strong. With that partnership over, Orexigen has instead beefed up its upper management, hired 15 regional sales managers, and partnered with Valeant Pharmaceuticals to sell the drug in Europe. Executives talk of bringing on 160 new sales representatives in the next few months.The company projects it’ll command about 10 percent of the US obesity market by 2018.But that market is a whole lot slimmer than investors once predicted. The pill, approved in 2014, was once projected as a shoo-in blockbuster: With more than one-third of Americans obese, the market seemed ripe for a pharmaceutical that promotes weight loss. Yet today, Orexigen, which is based here in Southern California, is on the brink of a Nasdaq delisting, with shares trading below 50 cents. Biotech Correspondent Meghana covers biotech and contributes to The Readout newsletter. By Meghana Keshavan May 17, 2016 Reprints Tags FDAobesitypharmaceutical industry Related: Related: Japanese drug maker Takeda in March dropped a partnership with Orexigen to market Contrave.advertisement BusinessDrug makers struggle to revive interest in anti-obesity pills once seen as surefire hits About the Author Reprints ‘The Biggest Loser’ shows the complexity of keeping weight off SAN DIEGO — Obesity may be on the rise, but the market for fat-loss pills? Flat.And flailing.Exhibit A: the recent maneuverings of Orexigen Therapeutics, which sells a moderately effective anti-obesity drug called Contrave.advertisement [email protected] And company executives acknowledged in a recent earnings call that Contrave sales have basically flatlined, and will show only marginal growth in the coming year. (Sales for Contrave in the first quarter of this year were $13 million, up from $11.5 million for the same period in 2015.)  CEO Mike Narachi said on the call that his team has developed “a focused, creative” plan to promote the drug — in part by targeting patients who are highly motivated to lose weight — and predicted the company would turn a profit in the “near term.”But in a note to clients, RBC Capital Markets analyst Simos Simeonidis projected “zero-to-limited growth” for Orexigen and expects “the next 12 months to be very difficult ones.”Orexigen isn’t alone in its struggles.As recently as five years ago, analysts were predicting that anti-obesity drugs could ring up as much as $3 billion in sales by 2020. Companies were racing to develop next-generation medication that would boost metabolism, dampen appetite, and melt away fat.In 2012, San Diego’s Arena Pharmaceuticals launched a new weight loss drug called Belviq, and San Francisco’s Vivus introduced one called Qsymia.But physicians proved reticent to prescribe the new drugs as they hit the market, in part because of a cultural reluctance to see obesity as a disease requiring medication. Others feared a redux of the diet pill horror stories of the 1990s, imagining the new wave of obesity medications would harm more than help.“Most doctors are kind of scared to prescribe these drugs,” said Dr. Eduardo Grunvald, director of the University of California, San Diego, Weight Management Program. “That said, I don’t think we’ve done a good job on educating doctors on how to manage obesity today.”Grunvald said he’s “had great success” prescribing all of the approved weight loss meds.But the market continues to struggle. Patients who do try one of the new medications often see only modest benefits, in part because some individuals are simply wired to respond better to certain drugs than others. And cost is an issue, as many insurers still aren’t paying for weight loss pills. Meghana Keshavan Obesity rates stubborn despite federal push for healthier meals Correction: An earlier version of this story misstated sales for Contrave in 2015 and 2016. The story has been updated.  APStock @megkesh last_img read more

Watch party at Hertz Arena for Ben Allen, Top 9 finalist on ‘The Voice’

first_imgSouthwest Florida’s Ben Allen is one of nine finalists on NBC’s ‘The Voice,’  From Estero…to Hollywood, we’ve been following the county musician’s success on the show since the beginning.  During his most recent performance, Ben sang Kenny Chesney’s hit song “There Goes my Life.”“I hope I can entertain and move people to want to pick up their device and vote,” Allen said.Allen showed his vocal range during his performance of “There Goes my Life,” securing him a spot in the next round.  Singer Ben Allen gifted key to Estero January 7, 2021 Ariana Grande to join coaching panel for The Voice March 31, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments From one awesome performance to the next, Ben’s been wowing the judges and America, but Monday night will be his most important performance yet.“Last week it was broken down by teams, this week it will be the overall top 4 most popular people will go through and the other 5 will be eliminated.  We either get the votes or we go home – it’s down to that,” he said.So what can we expect to see Monday night?“SWFL, if you’ve ever been to a Ben Allen Band show, next week is going to be a little more along those lines. We’re going to try and bring some energy and party to the stage.”After this year, it’s going to be a performance we can all relate to, Allen said.“Right here at the end of 2020, when everything’s been such a downer, my message this week is let’s let our hair down and have a little fun!” he said.If you want to have a little fun and watch Ben Allen’s next performance live, Hertz Arena is having a viewing party Monday night. It will be happening at Hertz Arena’s Breakaway Sports Pub and will start at 7 p.m.Hertz Arena, located at 11000 Everblades Parkway in Estero, is accessible from either direction on I-75. ‘The Voice’ has crowned a new champion December 16, 2020center_img Advertisement“I want to say thank you a million times in a row to the people in southwest Florida,” he said.Allen said it was the thought of his son that made his performance shine.“I told him on the phone 20 minutes before I went on stage that I was singing this for him and that I was going to be thinking about him while I was out there singing,” Allen said. RELATEDTOPICS AdvertisementTags: Ben AllenThe Voice ‘The Voice’ semi-finalist Ben Allen headlines concert at Hertz Arena December 21, 2020last_img read more

Charlotte County Sheriff’s Office works to make inmate programs virtual

first_imgAdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisement AdvertisementTags: Charlotte CountyCharlotte County Sheriff’s Office Advertisement RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisementcenter_img One arrested, two on the run in blundered Charlotte County burglary June 16, 2021 CHARLOTTE COUNTY, Fla.– While the pandemic restrictions have changed in-person interactions, the Charlotte County Sheriff’s Office provides several programs to help inmates while they are in custody.The Charlotte County Jail has made their “screening and coordinated re-entry program” virtual. According to the Sheriffs’ Office, the screening identifies the inmates needs to best fit them with helpful programs while incarcerated. The re-entry program allows the inmates to be referred for interviews and community resources. The agency also offers substance abuse, anger management and parenting programs as well as several education options. Charlotte County Sheriff’s Office seeks to provide helpful information so that the inmates will be prepared when released. Englewood mother joins teenage son behind bars for involvement in accidental shooting June 16, 2021 Security camera captures moment 2 Charlotte County burglars realized they were on tape June 16, 2021 FOOTAGE: Casual candle thieves nab $1,200 in merchandise June 14, 2021last_img read more

North Korean Nuclear Test 101 – Introduction to NK’s Nuclear Weapon…

first_img Facebook Twitter 640 North Korea Order of Development 2 expected (?) 5 920 Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Analysis & Opinion North Korean Nuclear Test 101 – Introduction to NK’s Nuclear Weapon in Technical Perse 35 By Daily NK – 2006.08.24 7:20pm Order of Development France The U.S 7 42 6 Pakistan 3 Analysis & Opinion Analysis & Opinion Country Number of Tests 6 1 [imText1]As ABC broadcasted that North Korea might be preparing for a nuclear test in Kilju county of North Hamkyung province, quoting US officials, the country, again, attracts international attention. On 20th, a South Korean government official said the government is conducting around-the-clock surveillance on North Korea since it is evermore probable that the North may carry out a nuclear test since the six-party talks is stagnating and the country already launched a missile. According to the source, South Korean government is watching North Korea’s nuclear activity through a government-affiliated earthquake observatory in Daejeon. A satellite observation of evidence of tunneling in Kilju County in May 2005 generated suspicion of possible nuclear test, although no test has followed so far. Therefore the current nuclear activity of North Korea also might turn out to be a bluffing. Nonetheless, it requires some basic knowledge on why and how nuke states carry out nuclear tests. And political and military decision must be based on the knowledge. Here, technical side of nuclear weapon is analyzed in plain words. Why Nuclear Test – Plutonium Bomb’s UniquenessSimply speaking, nuclear bomb is made of enormous amount of energy emitted when material undergoes nuclear fission. Nuclear bomb is consisted of Uranium bomb and Plutonium bomb depending on the type of element. Between the two, Uranium bomb does not require nuclear test. Uranium bomb is created by sphere-shaped nuclear material; the material is divided into two and then combined, artificially. Throughout the process, it is probable that the bomb loses some nuclear material. However, if there is a certain amount of nuclear material, there is little possibility of blind shell. The nuclear bomb ‘Little Boy,’ dropped in Hiroshima, Japan in 1945, was a Uranium bomb, which did not undergo a test. Little Boy destroyed most of Hiroshima while only 3 % of the nuclear material exploded. In contrast, Plutonium bomb requires a test because of the bomb’s more sophisticated structure than Uranium bomb. Plutonium bomb has a chance not to burst, if dropped without a test.Plutonium bomb is made up of an explosive surrounded by slices of sphere shaped nuclear material. Each slice is connected to the explosive and set to explode all at once. The explosive technology is delicate one, thus requires high-explosive test. North Korea is known has conducted at least 70 such high-explosive tests. Plutonium bomb is difficult to produce; but once explodes, it is more effective than Uranium bomb. The so called ‘Fat Man,’ a Plutonium bomb dropped in Nagasaki, Japan in 1945, boasted efficiency of 20%, which was much better than that of ‘Little Boy,’ a Uranium one that hit Hiroshima. The first ever nuclear bombs that human created in the Manhattan Project during WWII were three; two were Plutonium bombs and one was Uranium one. One of the two Plutonium bomb razed Nagasaki on August 9, 1945, and the other was detonated during a test, the first nuke test in human history, on July 16, 1945 in a desert near Alamogordo, New Mexico. It is highly probable that North Korea’s nuclear material is the Plutonium that is reprocessed from spent fuel rods in nuclear reactor. Since North Korea has failed to import intense Aluminum material, which is crucial substance in producing Uranium bomb, if North Korea carries out a nuclear test, it would be a Plutonium bomb. Why Nuclear Test 2 – To Check Efficiency and AccuracyAs stated above, the only two nuclear bombs that are actually used, Fat Man in Nagasaki and Little Boy in Hiroshima, displayed 20% and 3% of efficiency, respectively. Therefore, in order to check whether the bomb explodes and how much efficiency the bomb has, a repeated number of tests are required. Current nuclear states have conducted nuclear test 5 times to the least and about 1000 times to the most. Number of Nuclear Tests of Countries (estimate) 180 Soviet Union 5 Country Number of Tests China United Kingdom SHARE Pence Cartoon: “KOR-US Karaoke” AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] RELATED ARTICLESMORE FROM AUTHOR 8 India Analysis & Opinion Is Nuclear Peace with North Korea Possible? A surveillance satellite found out the cable connecting between underground facility and outside observation equipments in Kilju County in northeast North Korea. The observation equipments have significant meaning since such equipments are usually installed near the site of nuclear test to monitor whether the bomb explodes on time and how much radioactivity is emitted. Reason for additional nuke tests is to make the nuclear bomb smaller and lighter. The bombs dropped in Japan were heavy (8,800 lbs) and carried by bombers. In the modern warfare, to make more effective nuclear bomb, it must be transported by missile as a form of warhead. And to be so, the nuclear bomb must not be heavier than 2,000 lbs. Once nuclear bomb is developed and tested, another series of tests await for smaller and lighter version of the bomb. For example, China took five years to develop a nuclear bomb small and light enough to be carried by a missile, and twenty years to create one for actual use, since its first nuclear test in 1964. Why Nuclear Test 3- To Check Safety DeviceEvery parachute is equipped with a safety device, which prevents releasing the parachute too easily and is not too strict so that the parachute does open on time. Nuclear bomb has safety device of similar role. Several layers of safety device avoid a nuke exploding in a shelter. And the device is tested many times to make sure the nuclear bomb blow up at desired moment. Moreover, Plutonium, although a half-life of which is 24,000 years, is extremely delicate to small change of mass, and therefore, outdated Plutonium bombs need to be tested, periodically. Why Nuclear Test 4- Political ReasonTo simply put, countries feel not intimidating enough by merely declaring possession of nuke bombs. So they show off their nuclear power. Although the test is not broadcasted, other countries can detect success or failure of the test and the capacity of nuclear bomb through seismic waves produced by explosion and atmospheric radioactivity.And exposure of nuke can be used to bully other countries. During the Cold War, five conventional nuclear states, under the principle of Mutual Assured Destruction, competed over development of nuclear weapons to threaten their enemy.Nuclear tests can also play a role in strengthening the national unity. Especially for the countries of authoritarian rule and in conflict with their neighbors, nuclear tests stimulate people’s antagonism against the enemy and loyalty to the regime. Most obvious cases are India and Pakistan. India initiated the nuclear race in South Asia not only because decades-long threat from China and Pakistan but also because newly elected BJP government’s effort to gain popular support. At that time, in 1998, India was not in serious conflict with either China or Pakistan. Yet, when the New Delhi government tested its nuclear weapon, residents near the test site cheered rather than demonstrated against danger of radioactivity. Pakistan responded in two weeks by testing its own nuclear bomb. Pakistani people urged their government so intensely that if the government did not conduct the test, Prime Minister Nawaz Sharif’s political fortune would have been doomed. India tested its nuclear bomb five times total in 1998, 3 times on May 11th and twice on May 13th. Pakistan did six times, five times on May 28th and once on May 30th, with the purpose of winning its rival in the number of nuclear testing. Types of Nuclear Test and Its EffectNuclear test is conducted on ground, underground and underwater. On ground nuclear tests are typical between the US and Soviet Union during their early days of nuclear race. However, due to radioactive material emitted by on ground nuclear test contaminating the atmosphere of contiguous area, the US and Soviet Union agreed not to carry out additional on ground test in 1963. France and China did not sign the agreement and kept testing their nuclear weapon on ground. Underwater nuclear testing is usually done in international waters, and pollute oceanic ecosystem. Because of France’s nuclear tests near the Polynesian Islands for more than 100 times, the ocean near the area is now in unrecoverable condition.Underground nuclear test is preferable compared to the other two types of testing since the former does not damage neighboring countries and can be done relatively quietly. Underground testing, however, might cause artificial earthquake and even eruption of nuclear material if the magnitude of explosion is miscalculated. There is little chance of testing nuclear bomb on ground or underwater by North Korea because of the inevitability of contaminating the North’s neighbors. Thus the only alternative is underground nuclear test. Nuclear states have conducted underground nuclear tests in desert. In North Korea, however, there is no desert, so it is expected that a nuclear test, if done, would be carried out in mountainous area far from populated region. How to do underground testUnderground nuclear test is simple; first, drill the ground deep enough for safe test, then insert nuclear bomb at the bottom, and detonate the bomb from outside. As tunnel collapses, the entrance is closed and radioactive material is sealed. 1st phaseTunnel is drilled with a depth of 200 to 1000 meters, dependent on the strength of nuclear bomb. 200-meter is enough for a nuclear bomb with magnitude of tens of kiloton. Megaton-strong hydrogen bomb needs a tunnel longer than 1 kilometer. Tunnel’s width is about 1 to 3 meter, and inside the tunnel layers of cement, plaster and steel cover the wall. An observatory is constructed 200 meters from the site to check the result of nuclear test. 2nd phaseAfter preparation is completed, nuclear bomb is moved to the tunnel. The bomb is put into a sealed container and located on the bottom of tunnel. To make sure safety, a truck with huge container carries the bomb. And a fiber-optic cable is set to connect between the nuclear bomb and on-ground observatory. Around nuclear bomb, camera and radioactivity measuring instrument are stationed. Satellites can observe those movements. 3rd phaseAs everything is set, entrance of the tunnel is sealed by cement and rocks to prevent radioactive material leaking out to the ground after explosion. Sealing of tunnel is the most obvious sign of forthcoming nuclear test. After these three phases, only pressing the button is left. Nuclear test lasts no more than two hours. As the button is pushed, within one millionth of second, explosion occurs. And as soon as all the observed data are collected and transferred to the main observatory in one millionth second, instruments are all melted. And everything else, including cements and iron plate, around the bomb is melted, too, and the entrance is sealed by the melted magma. Radioactive material is locked in the tunnel. Right after the explosion, a seismic wave, which is detectable from hundreds of miles far from the site, occurs.Test is completed when magma and gas are collected after a few hours of explosion. And capability of nuclear weapon can be measured. North Korea already conducted nuclear test? As mentioned above, Plutonium bomb necessarily needs to be tested. But there is an indirect way to test Plutonium bomb by hitchhiking. South Africa once possessed its own nuclear weapon and abandoned it, later. In 1979, South Africa tested 2-4 kiloton small nuclear bomb and had produced total of 6 bombs until 1989, although the bombs were only transportable by airplane.There are testimonies that South Africa’s 1979 nuke test was a joint-venture with Israel. Uranium rich South Africa lacked nuclear bomb technology, and the country exchanged Uranium with Israeli technology. Thus, Israel is suspected having virtually done its nuclear test in South Africa. South Africa decided to abandon nuclear weapon in 1989 and received 120 times of IAEA inspection until 1993. IAEA declared South Africa’s nuclear program was over. Similarly, North Korea is allegedly involved in Pakistan’s nuclear weapon development. Some suppose that the Pakistanis bartered their weapon technology with North Korea’s missile. In May 1998 during Pakistan’s nuclear testing, it is known that 20 to 30 North Korean scientists came to Pakistan and watched the test. Hwang Jang Yop, former North Korea’s KWP foreign secretary who defected to South Korea, said that North Korea practically did nuclear test together with Pakistan. Several scholars and intelligence officials argue that Pakistan’s second nuclear test on May 30, 1998 is actually North Korea’s. In fact, Pakistan’s second nuclear test is suspicious. During its first nuke test, Pakistan tested five times and during the second test, it only did test once. In average nuclear test, to avoid failure and compare various types of bombs, two or three tests are conducted. For example, India tested three bombs in its first nuclear test and two bombs in the second one. However, Pakistan consumed five bombs at first and then another one, separately. Why?Moreover, first and second nuclear test sites were different, and, while the first nuke test was done publicly, the second test was carried out relatively quietly. Therefore it is suspected that the bomb tested on May 30, 1998 is actually North Korean made one and Pakistan merely provided place. Those who believe in such suspicion argue that North Korea is only pretending to do nuclear test. Even though it is possible to use somebody else’s land to test a nuclear bomb, to upgrade the bomb’s performance, an open test is inevitable, someday. How many bombs in North KoreaIt varies among scholars and institutions to estimate how much Plutonium North Korea possesses. Most reliable one is about 60 kg, or 132 lbs. According to the estimate, North Korea reprocessed 30 kg during the first nuclear crisis in 1992-93. And another 30 was extracted right after the second crisis broke out. If North Korea started reprocessing from last year, then another 30 kg might be included, in addition to the 60 kg. Out of 60 kg of Plutonium, 6 to 7 bombs could be made. And it corresponds to IAEA’s estimate. And since every nuclear test requires two or three bombs, North Korea might do test twice; the second test, of course, is not necessary if the first is successful. Technical side of nuclear testMany people point out nuclear test’s political aspect. Their argument is that Pyongyang would not test its nuclear bomb because the test would deteriorate its relationship with Beijing. Although the argument does make complete sense, another aspect of nuclear test, which is technical one, must not be overlooked.Nuclear bomb is developed with a huge amount of time and money, and it is not developed to be kept carefully in garage. There are plenty of technical reasons to actually test the bomb’s performance and improve it. 4last_img read more

Modest growth and recovery in 2012: Russell

IE Staff Economy lost 68,000 jobs in May Share this article and your comments with peers on social media OECD raises outlook for Canadian economic growth this year 1. Global deleveraging will continue to be the backdrop for economics, finance and politics for 2012 Balance sheet recessions are typically followed by elongated, grinding and below-trend recoveries, notes Russell. Lower standards of living, high unemployment, lower returns and higher volatility should all be expected. 2. The key risk to improved market sentiment in 2012 is the euro Given the fragility of the European banking system, Russell considers potential European policy errors and inaction as the single largest source of systemic risk and threat to global market sentiment. 3. Continuation of a square-root-sign-shaped U.S. economic recovery Central to Russell’s U.S. economic forecast since 2009, the square-root-sign-shaped recovery is expected to continue into 2012 with gradually improving news on the U.S. economy, ongoing strength of U.S. corporate earnings and expanding pockets of private investment strength. Russell’s target for the S&P 500 at the end of 2012 is 1,300. 4. The expected modestly positive effect of the Chinese/Asian engine of growth Chinese authorities have just embarked on an easing cycle and Russell’s strategists believe China will likely achieve a reasonably soft landing. Combined with other emerging-market easing, China and these emerging markets will, along with the U.S., once again contribute as engines of growth for global gross domestic product (GDP). While Russell expects market volatility levels to remain elevated and corporate earnings to slow, the firm’s investment strategists believe moderate profit growth will likely balance the scales to result in positive, albeit modest, global share market returns in 2012. For 2012, Russell proposes a central, highest-probability scenario that the two engines of the Chinese and U.S. economies will ignite and drive global growth. Assuming this is the case, and if Europe can stabilize their deepening sovereign debt crisis, Russell believes this will result in a notable positive for risk assets. “While we are more confident on the U.S. and China forecast with each data release, we are acutely aware that forecasting political outcomes is very difficult. We believe that Europe will remain a source of systemic risk,” says Shailesh Kshatriya, senior investment analyst, Canadian strategy group, Russell Investments Canada. Russell believes that the ongoing crisis in Europe will likely also sap the strength of emerging market asset classes — at least temporarily — as these emerging economies are weighed down by the tightening of credit globally, the knock-on effects to growth and liquidity, and sustained risk aversion. Despite this, Russell expects that strong fundamentals will mean that emerging markets will benefit from a return to risk. “By contrast, Canada has benefited from four key trends since the recession bottom: a rebound in commodities, resiliency of the banking sector, which in turn fuelled a robust housing market, and with strong housing, there has been insatiable household consumption,” said Kshatriya. “While strength of the Canadian banking sector will remain, we feel some of the other trends are primed for moderation as we head into 2012.” Russell’s target for the S&P/TSX composite index at the end of 2012 is 12,700. Related news Keywords Investment strategies,  Economic forecasts Investors can expect to see modest levels of recovery and growth overall in 2012 driven by Asia and the United States, says Russell Investments. The 2012 Annual Global Outlook points specifically to four themes that Russell believes will have the greatest impact on markets and asset returns in 2012: Stagflation is U.S. economists’ biggest fear, SIFMA says Facebook LinkedIn Twitter read more

HSBC to pay $1.9 billion to settle U.S. money-laundering case

Keywords Money launderingCompanies HSBC British banking giant HSBC has agreed to pay U.S. authorities almost US$2 billion to settle allegations that it failed to comply with anti-money laundering and sanctions laws, the bank said Tuesday. The deal, which includes a deferred prosecution agreement with the U.S. Department of Justice, will see the bank pay US$1.921 billion, continue to cooperate with regulatory and law enforcement authorities, and take further action to strengthen its compliance policies and procedures. HSBC says it has also reached agreement to achieve a global resolution with all other US government agencies, and that it anticipates finalizing an undertaking with the UK’s Financial Services Authority (FSA) shortly. The bank agreed to forfeit US$1.256 billion and enter into a deferred prosecution agreement with the Justice Department over allegations that it illegally conducted transactions on behalf of customers in Cuba, Iran, Libya, Sudan and Burma – all countries that were subject to U.S. sanctions. Separately, the U.S. Department of the Treasury announced settlements amounting to US$875 million, which is the largest collective settlement in the department’s history. In addition to forfeiting US$1.256 billion as part of its deferred prosecution agreement with the Department of Justice, HSBC has also agreed to pay US$665 million in civil penalties —US$500 million to the Office of the Comptroller of the Currency (OCC) and US$165 million to the Federal Reserve, for its AML program violations. The OCC penalty also satisfies a US$500 million civil penalty of the Financial Crimes Enforcement Network (FinCEN); and, the bank’s US$375 million settlement agreement with OFAC is satisfied by the forfeiture to the Department of Justice. Justice said that a four-count felony criminal information was filed in federal court in the Eastern District of New York Tuesday, charging HSBC with willfully failing to maintain an effective anti-money laundering program, and willfully failing to conduct due diligence on its foreign correspondent affiliates. It says that the bank has waived federal indictment, agreed to the filing of the information, and has accepted responsibility for its criminal conduct and that of its employees. “HSBC is being held accountable for stunning failures of oversight – and worse – that led the bank to permit narcotics traffickers and others to launder hundreds of millions of dollars through HSBC subsidiaries, and to facilitate hundreds of millions more in transactions with sanctioned countries,” said assistant attorney general, Lanny Breuer. “The record of dysfunction that prevailed at HSBC for many years was astonishing. Today, HSBC is paying a heavy price for its conduct, and, under the terms of today’s agreement, if the bank fails to comply with the agreement in any way, we reserve the right to fully prosecute it,” Breuer added. U.S. attorney, Loretta Lynch, said, “HSBC’s blatant failure to implement proper anti-money laundering controls facilitated the laundering of at least US$881 million in drug proceeds through the U.S. financial system.” Additionally, the U.S. Fed also issued a consent cease and desist order against HSBC, and the UK’s FSA has imposed a number of requirements on the bank, which are designed to ensure that all parts of the HSBC Group are in compliance with the relevant legal and regulatory requirements to prevent similar failings occurring in the future. The bank stresses that it has taken a variety of actions over the past few years to fix past shortcomings. It has ramped up spending on anti-money laundering efforts, and increased staffing in that area; revamped its know-your-customer (KYC) program; exited 109 correspondent relationships for risk reasons; clawed back bonuses for a number of senior officers; and, spent over US$290 million on remedial measures. It has also undertaken a comprehensive overhaul of its structure, controls, and procedures, it says. Over the five-year term of the agreement with the Department of Justice, an independent monitor will evaluate HSBC’s progress in fully implementing reforms, and will produce regular assessments of the effectiveness of its compliance function. “We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again,” said HSBC CEO, Stuart Gulliver. “The HSBC of today is a fundamentally different organisation from the one that made those mistakes. Over the last two years, under new senior leadership, we have been taking concrete steps to put right what went wrong and to participate actively with government authorities in bringing to light and addressing these matters.” “While we welcome the clarity that these agreements bring, ensuring the highest standards wherever we do business is an ongoing process. We are committed to protecting the integrity of the global financial system. To this end we will continue to work closely with governments and regulators around the world,” he added. Share this article and your comments with peers on social media Related news Budget must address climate change, CPA Canada says James Langton Global group targets international tax evasion scheme Scheer promises help for homebuyers Facebook LinkedIn Twitter read more

Industry offers mixed reviews of this year’s federal budget

first_img The Investment Industry Association of Canada (IIAC), for its part, suggests that the federal government should be doing more to stimulate economic growth and bolster productivity. “The government should be introducing bold measures to address continued weak economic conditions and the ongoing high levels of unemployment,” says Ian Russell, president and CEO of the IIAC. In particular, the IIAC is reiterating its call for an investor tax credit to promote investment in small business, modelled on the U.K.’s Enterprise Investment Scheme (EIS) program. “We are disappointed that the government did not introduce a Canadian version of the EIS,” Russell says. At the same time, the Chartered Professional Accountants of Canada (CPA Canada) is criticizing the government’s willingness to run budgetary deficits. “This latest budget raises concerns because there is no timeline to address these persistent deficits,” says Joy Thomas, president and CEO of CPA Canada. “Establishing a target date to bring the budget back into balance would create a goalpost to guide the government in its financial planning. This would greatly assist in fostering business confidence, supporting essential programs and minimizing the burden on future generations.” Read: Budget 2017 Outside of these overall criticisms, the industry is happier with certain specific budget measures that address their individual concerns. For example, the Investment Funds Institute of Canada (IFIC) is pleased with budget proposals that would allow mutual funds that are currently organized as corporations to convert to trusts without negative tax implications for investors. IFIC says it has been working with the Department of Finance Canada on this issue over the past year. “We commend the minister and his officials for working with the industry to provide the hundreds of thousands of investors in these funds, including people of modest means, with a smooth and equitable transition to the trust in a manner that is tax neutral,” says Paul Bourque, president and CEO of IFIC, in a statement. “This provision enables mutual fund corporations to meet their fiduciary obligations to investors and permits funds to be reorganized in a tax-efficient manner.” The Canadian Venture Capital and Private Equity Association (CVCA) is another industry group with some praise for the budget. Specifically, the CVCA lauds the government’s new $400-million Venture Capital Catalyst Initiative (VCCI), which aims to drive investment in growth companies. “[The federal budget] demonstrates the government’s assurance in strengthening the private capital sector to support innovative and high-growth Canadian businesses,” the CVCA says in a statement. “We are very pleased with an initiative like this specifically designed to catalyze Canadian venture capital,” says Mike Woollatt, CEO of the CVCA, which advocated for the government to include a sequel to the expiring Venture Capital Action Plan (VCAP) in this year’s budget. In addition, the Canadian Life and Health Insurance Association Inc. (CLHIA) is pleased with the government’s pledge to lower drug costs and its plans for the Canada Infrastructure Bank. “We look forward to working closely with the new infrastructure bank and helping to fund the needed investment in Canada’s infrastructure,” says Frank Swedlove, president and CEO of the CLHIA, in a statement. Furthermore, CPA Canada is supportive of the budget measures to combat tax evasion and to support skills training, innovation and infrastructure construction. However, the group calls for a more comprehensive review of the tax system given the various tweaks announced in the budget and the government’s pledge to do more to enhance the fairness of the tax rules. “We have consistently called for a broad-based approach to be applied when looking at making changes to the tax system,” says Thomas. “An extensive review can identify areas that will assist in recalibrating the tax system so that it not only enhances efficiencies and fairness for Canadians and the business community but also plays a role in cultivating long-term, sustainable economic and social growth.” Photo copyright: jvaillancourt/123RF Keywords Budget 2017 Budget 2017: Five boutique tax credits eliminated Industry offers mixed reviews of this year’s federal budget Share this article and your comments with peers on social media Budget 2017: Expanded tax credits Federal Budget 2017 – Impacts for your clients Although certain sector-specific measures in the latest federal budget are receiving some plaudits from investment industry, the overall reaction from industry trade groups remains far from enthusiastic. Some boutique tax credits to be eliminated James Langton Facebook LinkedIn Twitter Related news Middle class remains the key focus for Ottawalast_img read more

IIROC bans former Calgary broker

first_img Share this article and your comments with peers on social media Related news PwC alleges deleted emails, unusual transactions in Bridging Finance case Among other things, Woodward was accused of unauthorized discretionary trading, suitability failings, and failing to ensure that clients qualified for certain prospectus exemptions.In an email to Investment Executive, IIROC says that a written penalty decision will be released in the coming weeks.IIROC it began an investigation into Woodward’s conduct in November 2015. He is no longer registered with an IIROC-regulated firm.Read: Richardson GMP plans a big overhaul to its revenue model Gavel and legal books olegdudko/123RF BFI investors plead for firm’s sale Keywords EnforcementCompanies Investment Industry Regulatory Organization of Canada The Investment Industry Regulatory Organization of Canada (IIROC) has fined and permanently banned a former Calgary-based broker accused of a variety of securities violations, including alleged unauthorized discretionary trading that caused significant client losses.Following a hearing on Jan. 12, an IIROC hearing panel ordered that Adam Woodward, a former rep with Richardson GMP Ltd., be permanently banned from the industry, fined $450,000, and pay costs of $50,000. Mouth mechanic turned market manipulator James Langton Facebook LinkedIn Twitterlast_img read more