Share Money market funds offer investors lower risk, but also a higher exposure to cash, which so-called “Trumpflation” would make more attractive.Read more: Will the Trumpflation trade be followed by a Santa rally this month?Trump’s campaign promises have been taken by investors worldwide as a de facto fiscal stimulus package, running up a large budget deficit which will boost inflation.US equity funds also finished the year strongly, posting the biggest quarterly flows of the year. This movement reflects US stock markets which have reached repeated record highs since Trump’s election – although there are signs they may be slowing, at least until he is inaugurated.The moves into equities have been allied with moves out of bond funds, which recorded their biggest quarterly outflow of 2016 as the threat of inflation makes coupon payments less attractive. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped Speed whatsapp Jasper Jolly Friday 6 January 2017 9:24 am Meanwhile investors are betting that Trump’s deregulatory leanings – and appointments at the more laissez faire end of the scale – will boost the financial sector. Financial sector funds experienced a record quarterly inflow in the last three months of 2016, while over $1bn was moved into bank loan funds – which track loans to companies – for the fifth week in a row.Read more: Clamour for a rapid Brexit will grow if Trump slashes financial regulationTrump’s campaign promises include massive tax cuts for businesses as well as removing regulation such as the Dodd-Frank Act on “too big to fail” banks.The data also show that moves out of emerging markets – which could suffer under Trump-inspired protectionism or if the Federal Reserve raises interest rates to combat inflation – have slowed slightly. More money flowed into emerging markets bond funds than at any point since the start of October. whatsapp Investors have rushed to put money into money market funds, as they continue to back the story that inflation is going to grow under US President-elect Donald Trump.Fund flows into money market funds in the week ending 4 January grew to $31.7bn (£25.7bn), up from $16bn in the week including the Christmas holiday, according to data provider EPFR. Donald Trump reflation story continues to enthral investors as money market fund flows increase More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com
Thursday 16 March 2017 12:01 am whatsapp Share Legal eagles have today become the latest in a string of experts calling on the government to secure a bespoke deal for the financial sector in the Brexit negotiations.The report from the Bar Council warns London’s status as a financial capital risks being “greatly diminished” if the country cannot find a suitable alternative for passporting post-Brexit, and options currently being used by other countries, such as equivalence regime, the third country passport and WTO rules, will not provide a sufficient level of access. Read more: Tusk accuses British government of making threats over “no deal” BrexitMeanwhile, a report published in January by law firm Norton Rose Fulbright on behalf of the Financial Services Negotiation Forum warned the current European model of equivalence was not a “silver bullet” solution to losing passporting. The Bar Council also called on the government to have a back-up plan in the bag, warning a “no deal” scenario would have “serious consequences”. “Our trading relationship with the EU would be under WTO terms, which would mean an increase in tariffs on goods and services and uncertainty for millions of UK citizens living abroad about their rights to residency, work, healthcare and state pensions,” Mercer added.”The possibility of a ‘no-deal’ scenario is sufficiently real that we must have a ‘plan B’.” Hayley Kirton Now the legal eagles are urging the government to seek a bespoke Brexit agreement for the City, while warning a “no deal” situation would have serious consequences whatsapp “What we need is a bespoke agreement with the EU, replicating the status quo as far as possible and covering the gaps created by the loss of the passport regime,” said Hugh Mercer, chair of the Bar Council’s Brexit Working Group. “Any such agreement must also grant legal and other essential services sufficient rights so that they can continue effectively to support the financial services sector.”Read more: UBS chair: We’re eyeing the exit ahead of BrexitPassporting as it currently stands allows firms in the UK to do business in other EEA countries. Other groups have previously advised a bespoke Brexit deal would be better than grabbing something off-the-shelf. TheCityUK’s Budget submission, which was made public last month, called for a tailor-made agreement with the EU “based on mutual recognition and regulatory cooperation that delivers similar market access rights to those currently in place”. Read more: David Davis: We don’t know how much a “no deal” Brexit will costIn her landmark Brexit speech, delivered back in January, Prime Minister Theresa May warned other EU member states looking to drive a hard bargain she was more than happy to walk away with no deal than settle for an inadequate one.”No deal for Britain is better than a bad deal for Britain,” she said. Read more: Don’t panic – but remember Brexit will be a tough political processThe barristers’ report also urged the government to protect free movement of EU labour and to safeguard rights currently enjoyed by UK workers by virtue of the country being a member of the bloc.Today’s report, which builds on previous work already published by the Bar Council, has been released just days before the Prime Minister is due to trigger Article 50.
“It is a positive outcome for the group, securing its future, and forging the market leader … here in the UK,” Phil Duffy, of administrator Duff & Phelps, said in a statement.The administrator will wait until the assets have been sold to assess what went wrong for Call Print. However, it said that cash flow showed the company could not survive in the medium term.Call Print turned over around £10m during the year ending March 2018, down approximately £5m from its previous financial year.Hobs Repro has bought most Call Print branches, and some remaining UK sites have attracted interest, a spokesperson for Duff & Phelps said. Local insolvency legislation may complicate the sale of Call Print’s Dubai assets, however.Call Print has yet to make any redundancies, but there could be a risk of layoffs if sites cannot be sold. Hobs Repro did not immediately comment on potential job losses. whatsapp August Graham whatsapp Craig Horwood, managing director of Hobs Repro, said: “I am delighted to welcome the Call Print team into the Hobs group. Together we will be much stronger and both sets of clients will benefit from new services that will be made available.”The acquired branches will be gradually rebranded as Hobs Repro, which will retain the Call Print name for the managed services division. Monday 3 September 2018 7:24 pm Hobs Repro swallows Call Print’s assets to create UK-wide network of printing branches Share Hobs Repro has swallowed most of struggling competitor Call Print’s assets, creating a UK-wide network of 24 printing branches, the company announced on Monday.Cash flow problems forced the scanning, stationery and printing firm into administration on Friday. It was sold the same day in a pre-pack transaction that had been marketed for several weeks. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse CoastZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout
Jasper Jolly Charanjit Sandhu (DOB 3rd December 1989) was sentenced to 5.5 years’ imprisonment. He was a senior broker, often using bullying sales tactics and false names. The Judge commented that he was “dazzled by the rewards of crime” and had “lost his moral compass”. In terms of two of the investors he said that Mr Sandhu “had pestered them mercilessly by telephone” and that his conduct was “cruel and callous” and “chilling”. Stuart Rea (DOB 12th February 1968) was sentenced to 3 years and 9 months’ imprisonment. He fronted one of the companies, recruited and managed the sales brokers, and circulated the misleading promotional material. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse Coastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteabley The five people were sentenced in Southwark Crown Court today, with the mastermind of the scheme, Michael Nascimento, to be sentenced on 14 September. The six defendants were charged by the Financial Conduct Authority (FCA) with offences of conspiracy to defraud, fraud, money laundering and perverting the course of justice, and either pleaded guilty or were convicted by the jury.Investors were targeted from a nondescript business centre in the shadow of Canary Wharf, with a team of cold callers trying to persuade people to hand over their cash in a “boiler room” scheme. Fake prospectus documents copied from legitimate businesses referenced guaranteed returns of up to 228 per cent, but none were ever paid.Victims were told the investment would buy a stake in a development overlooking a golf course to be built by former world number one golfer Sir Nick Faldo. The course was never built, and no project was ever connected to the scammers.Nascimento, who had previously worked as a nightclub bouncer, was incriminated by witnesses after he showed one willing investor – a risk manager at a bank – around the site of the supposed development, using an alias and even having an associate call him so he could play the part of an in-demand businessman.The proceeds of the scam were used to fund extravagant spending, including an Arsenal season ticket with hospitality package. Investigators found wads of £50 notes when they raided Nascimento’s house, tucked above a stack of Arsenal football DVDs. Meanwhile, at least £4,000 in investor money was used to fund a day out to the Thorpe Park theme park for the fraudsters and their “salesmen”. The net closed on the gang in October 2013, with the FCA and the National Crime Agency carrying out a dawn raid in which they recovered 1.4m documents and other evidence. This included CCTV footage of the scammers at work in the office and, in one case, even attempting to hide evidence in the office’s suspended ceiling while investigators were downstairs.The victims may receive some cash back, with £1.6m in restrained assets currently subject to proceeds of crime procedures.Mark Steward, executive director of enforcement and market oversight at the FCA, said: “These fraudsters callously targeted investors who were often elderly and vulnerable, lying to them to get them to part with significant sums of money. Despite efforts to conceal and destroy evidence, the FCA, in one of its largest ever investigations, was able to ensure that these criminals faced justice and ended up behind bars.”Applications under proceeds of crime legislation remain on foot and the FCA is determined to recover as much money from these defendants as possible for the benefit of investors.” Jeannine Lewis (DOB 15th September 1967) was sentenced to 2.5 years’ imprisonment. As PA to Nascimento she assisted him to launder the proceeds of the fraud through various bank accounts including her own. She hid and destroyed documents and computers to prevent them falling into the hands of FCA investigators. The Judge described Mrs Lewis as “Michael Nascimento’s devoted personal assistant” and that she was “in truth a thoroughly dishonest woman.” Ryan Parker (DOB 26th November 1992) was sentenced to 2 years’ imprisonment to be suspended for 18 months. He was also ordered to carry out 180 hours of unpaid work. He fronted two of the boiler rooms for Nascimento and his personal bank accounts were used as a conduit for some of the money. His sentence was suspended by the Judge due to his age and personal mitigation and lower level of involvement. The Judge said that Mr Parker had “been exploited in a significant way by Michael Nascimento”. Five people were today sentenced to a total of 17.5 years in prison for their part in a £2.8m investment scam which resulted in the City watchdog’s second largest criminal prosecution ever.The fraudsters conned their victims into investing the cash in a fantasy development on the Portuguese island of Madeira, supposedly guaranteeing massive returns when in fact the cash was used bankroll an extravagant lifestyle. Share whatsapp Hugh Edwards (DOB 13th July 1982) was sentenced to 3 years and 9 months’ imprisonment. He recruited and trained brokers; drafted and sent misleading brochures to potential investors; and personally pitched the product as a senior broker using false names. Fraudsters sentenced in £2.8m Madeira luxury property investment scam Tuesday 4 September 2018 6:42 pm Michael Nascimento (DOB 28th June 1977) was the ringleader, controlling mind, and main beneficiary of the scam. He will be sentenced separately on 14 September. Investors’ money was used to maintain the fraud and particularly to fund the lifestyle of Nascimento. Over 170 members of the public invested over £2.8m in the shares. Many were elderly or vulnerable, and lost life-changing sums, in some cases all their life savings. whatsapp The gang
It calls for a post-Brexit free trade deal between the UK and US to include mutual recognition in the finance and services sectors from “day one” as a way to increase competition.The call comes as the UK seeks a so-called ‘enhanced equivalence’ relationship with the EU’s financial sector after Brexit, with Brussels blocking any move for mutual recognition between the two markets.The report says: “Both sides have strong financial services sectors, which could thrive when subjected to greater competition.”It is proposed that mutual recognition exist across all financial sectors (including banking, investment banking, dealing, broking, fund management, custody, derivatives dealing, clearing, financial infrastructure, and, where possible insurance and reinsurance) from day one.”Given the experiences after the 2007–2008 financial crisis, we believe the two regimes are generally already synchronized and seek to achieve the same outcomes.” UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report Owen Bennett Tuesday 18 September 2018 2:43 pm City of London Corporation Policy Chairman Catherine McGuinness welcomed the report, saying bringing the financial centres of New York and London closer together would “bring benefits to millions of businesses and individuals across the world.”She added: “Maintaining and boosting the transatlantic financial and professional services industry is a top priority for the City of London Corporation.”A UK Finance spokesperson said:“The US is and remains an important market for the UK banking and finance sector, and we support proposals to allow more efficient cross-border trade in financial services across the Atlantic.“This should go hand in hand with securing an effective transition and future market access agreement between the EU and UK, which will be an important element in building future trade with key markets such as the US.”Earlier this month, James Bardrick, head of Citi UK and chief executive of Citigroup Global Markets, warned MPs the government’s plan for ‘enhanced equivalence’ with the EU instead of mutual recognition could have “knock on” effects for the rest of the economy. Appearing before the Treasury Select Committee on September 11, Barclays Ireland chief executive Kevin Wall echoed those concerns, saying: “Enhanced equivalence, for it to be of value to financial services sector, would have to be as close to passporting as possible.”As well as calling for mutual recognition in the financial sector, the report also calls on the UK to scrap tariffs on virtually all goods and give complete freedom of movement to American workers – providing the US offers the same deal in return.The report argues opening up the NHS to “foreign competition” would improve the health service – although the authors acknowledge this would be “extremely controversial.”US firms should run schools and legal services first to “test the waters” before the NHS is brought into play, it claims.The think tanks who contributed to the report include the Adam Smith Institute, The American Enterprise Institute, the Centre for Policy Studies, the Competitive Enterprise Institute, the Institute of Economic Affairs, the Manhattan Institute, Mercatus, Politeia, and the Heritage Foundation. whatsapp whatsapp Share The UK and US should seek an immediate system of mutual recognition to deepen trade in financial and professional services, according to a new report produced by policy experts from both sides of the Atlantic.The proposal is one of a range of suggestions put forward by a group of 11 think tanks in a document titled “The Ideal US-UK Free Trade Agreement”, co-authored by Conservative MEP Daniel Hannan.
Tags: Brexit People Theresa May Christian May whatsapp Share Yesterday the Irish government published its assessment of the economic impact of a no-deal scenario, forecasting a big hit to Irish growth, employment and its public finances. This follows Ireland and the EU conceding that the backstop arrangements are not as cast-iron as they’ve made out.Now is surely the time for some flexibility on their part and to meet the prime minister with an open mind.That is, for now at least, the will of the British parliament. MPs send Brexit ball back into EU’s court…but will they play? As for the notion of a second referendum, the game appears to be up. There simply isn’t enough support for it.After months of making it clear what they were against, MPs finally produced a majority in favour of something. The message to May was clear: renegotiate the terms of the Irish border backstop and your deal could get through parliament.While she may have returned to Downing St last night in moderately high spirits, the hard work (some would say the impossible task) starts now. The European Commission fired off a statement as soon as last night’s votes in parliament were concluded, reiterating its position that the withdrawal agreement is not open for renegotiation. The leaders of France and Ireland also echoed the line. But – as plenty of MPs noted last night – they would say that, wouldn’t they? A negotiation they considered to be closed is now, as far as one side is concerned, very much open. It’s likely that the EU’s most senior officials had hoped that by now MPs would have forced May towards either a second referendum or membership of a permanent customs union. Instead, parliament revived itself last night and summoned up the energy for one more overture to Brussels.The EU would be wise to engage constructively.The PM can now deliver a clear message: parliament wants a deal and it is in the EU’s gift (and interest) to offer one that commands support. whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tuesday 29 January 2019 10:25 pm By the standard of recent months, Theresa May enjoyed a good night in parliament on Tuesday.While there was no legislative victory to be had, there was a real risk that MPs would seize control of the Brexit process and render her deal defunct. In the event, MPs voted against extending the Article 50 withdrawal deadline (currently set as 29 March) and against measures that could have allowed parliament to dictate the government’s next steps. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo
Read more: UK labour productivity falls in ‘very weak’ quarterONS said productivity edged up 0.2 per cent on the previous quarter but said quarter-on-previous-quarter comparisons were more volatile and less representative of long term trends.The total hours worked in three months to December fell from the third quarter, despite employment rising to its joint highest level since records began in 1971, with ONS citing a fall in average hours worked by both full-time and part-time employees.But output per hour did increase, leading to the slight rise.ONS head of productivity Katherine Kent said: “UK productivity growth has fluctuated throughout the year, but overall weak productivity growth persists, as has been the case for much the last decade.” whatsapp Callum Keown Share The UK suffered a “disappointing” fall in productivity at the end of last year as GDP slowed, rounding off a sluggish 2018.Productivity – measured as output per hours worked – fell 0.2 per cent in the fourth quarter compared with the same period in 2017, according to the Office for National Statistics. “There is also an argument that the UK has been particularly poor at transferring technology and know-how from the most productive companies to other companies,” he added. UK productivity fell in fourth quarter of 2018 as economic growth faltered Tags: Trading Archive whatsapp Productivity has flatlined for much of the past ten years, averaging at around 0.2 per cent growth since the financial crisis in 2008/2009.The latest figures see the productivity puzzle continue to stump the UK and stifle its competitiveness as a country.“Part of the UK’s recent poor productivity performance has undoubtedly been the low cost of labour relative to capital, which has supported increased levels of employment over investment,” EY Item Club economist Howard Archer said.Read more: Don’t freeze your assets off this winter“Many of the new jobs that have been created are in less-skilled, low-paid sectors where productivity is limited. Tuesday 19 February 2019 1:31 pm
Tuesday 19 March 2019 9:08 am Tags: Sugar tax Tax by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance Share Opinion Is the proposed ban on TV junk food ads before 9pm just another example of nanny state regulation?Daniel Pryor, head of programmes at the Adam Smith Institute, says YES.When the government wants to treat TV ads for fruit juice like soft porn, you know something has gone horribly wrong. There’s no legal definition of “junk food”, so proposed ad bans use the “Nutrient Profile Model”, devised by a man who believes that God told him to bring the sugar tax to Britain (honestly). Everything from hummus to half-fat cheese is branded junk food. whatsapp City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Is the proposed ban on TV junk food ads before 9pm just another example of nanny state regulation? More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Public Health England would go even further and include virtually all fruit juices, smoothies, and yoghurt drinks.Even if we had a good definition to work with, banning these ads on TV before 9pm would still be the wrong move. There’s no credible evidence that it will make a dent in childhood obesity rates. Advertising doesn’t conjure up entirely new desires – it encourages people who fancy a pizza to order Domino’s rather than Papa John’s.This ban would hurt revenues that TV channels and social media depend on – and consumers will pay the difference.No impact on obesity, but worse TV and social media – this is the perfect advert for ending the nanny state.Geeta Sidhu-Robb, founder of Nosh Detox, says NO.As obesity figures are constantly on the rise, the proposal for junk food ads to be banned from TV before 9pm is most definitely not an example of a nanny state regulation. Obesity and other diet related diseases are there for all to see. It’s a genuine challenge that requires governmental regulation, as we are unable to monitor this as private citizens.Adverts are one of the biggest contributors to obesity, particularly for children. Under-16s make up more than 25 per cent of audiences and are among the most impressionable social groups. With constant exposure to adverts containing foods high in sugar, salt and fats, there is no doubt that they are being brainwashed – even subconsciously. There is no escape from it at times.The millions of pounds spent on junk food marketing every year would be better used to subsidise fresh fruit and organic produce. This will only be possible once governmental legislation is put into place to restrict exactly what we are exposed to. whatsapp Daniel PryorDaniel Pryor is head of programmes at the Adam Smith Institute. and Geeta Sidhu-Robb
Harry Robertson Chief executives of the UK’s top firms have more technological experience than ever before, helping them better deal with a digitally-focused world, a new study has shown.Read more: Joules lures in top Asda director as new chief executive Tuesday 14 May 2019 12:09 am Share The CEO tracker showed that the number of chiefs promoted internally has surged in 2019, with nearly half of current heads of firms having been appointed as a result of internal promotion. This compares to 30 per cent in 2018.Charlie Grubb, UK managing director of Robert Half Executive Search, said: “Today’s CEOs require a changing blend of skills and experience to successfully lead their businesses into the future, with backgrounds in technology and finance equipping an increasing number with the ability to do so.”Read more: British Gas owner Centrica’s shareholders say yes to boss’s pay rise“This is a trend that is increasingly becoming a focus for executive and senior leadership hires within a business as well – especially when coupled with invaluable softer skills such as communication, adaptability and resilience.” The annual Robert Half CEO tracker, released today, has shown that the proportion of FTSE 100 chief executives with a background in technology increased by 27 per cent in the last year, with 14 per cent now having a background in the sector in 2019.However, diversity among FTSE 100 chief executives has decreased in 2019, with the number of female heads of firms decreasing from seven per cent in 2018 to six per cent.The average age for a FTSE 100 boss is 55, unchanged from the previous two years, while 18 per cent are Oxbridge educated, an increase from 16 per cent in 2017.Financial experience has seen a resurgence amongst the UK’s top bosses, with the number of CEOs with a background in banking or similar sectors increasing from 40 per cent in 2018 to over half in 2019.Finance remains the most common route to the top, but the trend is declining. The number of bosses with a banking or similar background having fallen from 55 per cent in 2016 to 43 per cent a year later. Rise of the nerds: Why CEOs are more tech-focused than ever whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStoryPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun whatsapp Tags: Company FTSE 100
Cyber security solutions that are only 95 per cent effective are just not good enough anymore Opinion More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: Bank of England Dan Turner We wouldn’t satisfy ourselves with a seatbelt that worked 95 per cent of the time, nor a front-door lock that could be opened five times in 100. Yet in a world where data is the new currency and consumers vote with their feet, the cyber security industry appears to expect its customers to introduce that level of risk into their organisation.Read more: Face off: iProov’s facial verification system lets you prove who you areI know the issue first-hand. In a previous role, I had to explain to a US Fortune 30 brand why it had suffered multiple breaches over a three-month period, despite being told that it had the best detection capability that money could buy.In response, one board member simply said, “Dan, this best endeavour approach to detection gives us unquantifiable business risk – that’s unacceptable to our shareholders”.He was right – it is unacceptable. Yet most companies seem resigned to accepting this risk for their own business and customers. As it stands, there is very little incentive for the industry to do better. The cyber security market is expected to reach $300bn by 2024, with providers making a lot of money from selling fallible, sub-par solutions.That’s not because 100 per cent secure solutions are not possible – indeed, we’ve proven that they are. By moving away from the traditional detection-based approach, new and wholly effective attack-prevention systems can and are being created.Read more: Bank of England director calls for ‘collective solution’ to cyber threatsBut we will only reach the tipping point where businesses reject the mantra that “95 per cent secure is good enough” when they start to feel the repercussions beyond an initial breach. Insurers and government watchdogs must step away from the culture of “best endeavours” and hold businesses accountable when they are breached due to the use of fallible solutions.There are plenty of examples of this, going back as far as 2015, when a complaint was filed against California healthcare provider, Cottage Health System, by its cyber insurer, after it was discovered that it hadn’t met the “minimum required practices” when it had been breached. Share City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Thursday 16 May 2019 11:32 am whatsapp Insurers and watchdogs must go further and make it clear that they will not pay out when companies have knowingly introduced the unquantifiable risk of sub-par security into their business.Indeed, only when businesses understand that they are being failed by their security providers, and are being penalised as a result, will there be enough uproar to force the cyber security industry to shift away from improving fallible technology and towards finding novel solutions that truly prevent attacks. whatsapp The cyber security industry is failing businesses. Cyber criminals are constantly evolving and evading the market’s most sophisticated detection-based security solutions, with government figures showing that 32 per cent of UK businesses have faced a cyber attack or data breach in the past year.Most security solutions take a “best endeavour” approach to defending against threats – offering little more than 95 per cent protection at best.