Theresa May says no-deal Brexit isn’t ‘the end of the world’

Theresa May says no-deal Brexit isn’t ‘the end of the world’ Prime Minister Theresa May has suggested that a no-deal Brexit “wouldn’t be the end of the world”, despite the Treasury warning that such a scenario could reduce GDP by 10 per cent.She further claimed that chancellor Philip Hammond’s department’s prediction was “a work in progress” and re-iterated her claim that no-deal is a better outcome for the UK than a bad deal. Read more: UK businesses, ignore Brexit. Now is the time to start exportingAsked about the Treasury’s forecasts on her flight to South Africa yesterday, May told the media: “First off, as I understand, the chancellor was talking about a set of figures that, when they came out in January…[I said] they were work in progress at that particular time.”“Look at what the director of the WTO [World Trade Organisation] has actually said. He said about a no-deal situation that it would not be a walk in the park, but it wouldn’t be the end of the world,” she added, according to the Independent.The widely-reported remarks undermine Remainer Hammond’s predictions about the consequences of no-deal for the UK, set out in a letter to Treasury committee chair Nicky Morgan last Wednesday.In it, he warned of “large fiscal consequences” for no-deal, which could see GDP fall by 7.7 per cent 15 years on, or as much as 10.3 per cent. Borrowing would grow by £80bn a year by 2033-34, the Treasury predicted. Tuesday 28 August 2018 9:10 am Share His comments were based on “provisional analysis” that dates back to January, and in response to a question about whether these figures could be changed, May reportedly said: “I said it was a work in progress in January.”Hammond’s letter conceded that the forecasts would require some tweaking, but added: “We expect the analysis to show that for scenarios in which we have higher barriers to trade with the EU there will be a more damaging effect on the economy and public finances.”May is leading a delegation of business figures to Africa to improve trade relations, amid Tory sniping over their leader’s Brexit plans.Former foreign secretary Boris Johnson said over the weekend that the party should “chuck Chequers”, while People’s Vote campaigners argue for a second referendum.Labour’s Greater Manchester mayor, Andy Burnham, dealt the campaign a blow over the weekend by saying he wouldn’t back a vote on a Brexit deal’s terms.Read more: Theresa May sets sights on Africa trade as Brexit disputes rage whatsapp Joe Curtis whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com read more

Political chaos holds back London house prices in November

first_imgHowever, Rics said: “Looking ahead, near term price expectations are broadly flat for the country as a whole.” Rics: Political chaos pushes London house prices down in November Jeremy Leaf, north London estate agent and a former Rics residential chairman, added: “New buyer enquiries and listings [are] lower than last month but not falling as quickly as previously, despite significant political and seasonal distractions. whatsapp Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Brexit has cast uncertainty over the housing market in 2019 (Getty Images) Read more: London house prices show signs of life in October In London’s huge rental sector, the gauge of new rental stock coming to market in London in November was at its lowest reading since 1998. Chapman said: “On the back of this, rents are expected to flatline in the coming three months.” After the election, survey respondents were hopeful things would pick up across the UK over the next three months with the optimism gauge edging up to 11. Buyer inquiries in the capital fell last month, with the reading of minus 11 down from 21 in October. Newly-agreed sales in London remained flat. The reading of minus five was up marginally from minus six in October. Read more: London house prices suffer UK’s biggest September drop by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnyzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMisterStoryWoman files for divorce after seeing this photoMisterStoryBetterBe20 Stunning Female AthletesBetterBeNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistate London house prices were subdued in November, with the Royal Institution of Chartered Surveyors’s (Rics) gauge coming in at minus 33, compared to minus 22 in October. This means far more respondents reported price falls than price increases. New buyer enquiries reportedly fell for the second month in succession, the survey showed. Share Rics member Scott Chapman of Selectsurv said: “The uncertainty around Brexit continues to have a negative effect on the market, and this is likely to be even more noticeable as we approach the end of the year.” Simon Rubinsohn, Rics chief economist, said: “Confidence is critical to a well-functioning housing market and whatever happens in the general election today, it is important that the new government provides reassurance.” Harry Robertson Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that could boost the struggling market. Falling prices have lessened London’s affordability problems, however. whatsapp Thursday 12 December 2019 12:45 am Buyers and sellers were also cautious across the rest of the UK, Rics said. Key metrics capturing buyer demand and sales remained in negative territory in November. Show Comments ▼ “What we have also noticed, which is unlikely to be picked up by national surveys for a while, is the quiet determination of increasing numbers of realistic buyers and sellers to take advantage of improved affordability and a little more confidence in market prospects for 2020.”last_img read more

Burberry shares sink as it warns of ‘continued coronavirus impact’

first_imgWhy it’s interesting What Marco Gobbetti said Burberry said it expects its sales for the four months to September, “to continue to be materially impacted by the pandemic”. It expects these closures to land a £45m restructuring charge, but deliver savings of around £35m in 2021, as the group seeks to shore up its balance sheet and cut costs by £140m over the next few years.  Burberry said it saw a slump in sales for all its products, as appetite for luxury goods dwindled during the pandemic and global customers were forced to stay at home. Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to prevent vital tourism spending and hamper activity in its stores.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USA whatsapp Poppy Wood (AFP via Getty Images) Also Read: Burberry shares sink as it warns of ‘continued coronavirus impact’ Shares were down 7.2 per cent to 1,445p at 10am. Share Sales in Europe, the Middle East and Africa plunged 75 per cent during the period, as lockdown measures and the closure of borders prevented vital high street footfall. Burberry sales June sales improved slightly but continued to be dented from reduced tourism. The company saw a 70 per cent plunge in sales in the US, Canada and South America, as later lockdown measures bit into vital summer sales towards the end of the quarter. Asia Pacific sales were less impacted during the coronavirus crisis, but still took a 10 per cent hit during the quarter. Burberry said sales in the region have now returned to growth, with sales in China seeing a 30 per cent increase in June. In a signal that Burberry may wind down some of its bricks-and-mortar space around the world, the group said it is “proposing to further streamline our office-based functions and improve our retail efficiency in certain geographies outside the UK”. The move may result in reduction in headcount in its London office. (AFP via Getty Images) Burberry said: “Despite the extremely difficult backdrop resulting from a global pandemic, we have made good progress in the quarter focusing on strengthening our brand, localising our plans by market, leveraging our digital platforms and enhancing our focus on product. The group last month said it would uproot its salary, bonus structure and pension policy for the year in response to the coronavirus crisis. Marco Gobbetti, chief executive of Burberry, said:  Burberry shares sink as it warns of ‘continued coronavirus impact’ Group revenue slumped 45 per cent during the four months to 27 June to £257m from £498m in the same period last year. The coronavirus crisis marked the start of the third year of Burberry’s business transformation, in which the brand attempts to overhaul its digital and social media presence for a younger audience.  First half revenue sales in Burberry’s wholesale business were running around 50 per cent lower during the quarter than the same period last year. “Sales were severely impacted by the drop in luxury demand from Covid-19 and we expect it will take time to return to pre-crisis levels with the resumption of overseas travel. “We are encouraged by the improving trends in all regions and the promising exit rate for June. We saw an excellent response to new product launches in recovering economies as well as online. “Demand for leather goods was particularly strong in Mainland China and Korea, bringing new, younger luxury customers to the brand. As we enter the second phase of our strategy, we are sharpening our focus on product and making other organisational changes to increase our agility and generate structural savings that we will be able to reinvest into consumer-facing activities to further strengthen our luxury positioning.”  The results Show Comments ▼ “Tourist flows are likely to remain negligible,” the group said in a statement today. “Store operations are continuing to face significant headwinds, with some remaining closed and operating with reduced trading hours.” Wednesday 15 July 2020 9:57 am Before the Open: Get the jump on the markets with our early morning newsletter whatsapp Michael Hewson, chief market analyst at CMC Markets, said the results were “a little disappointing but not altogether surprising”, given that the luxury fashion retailer “has had to contend with a number of challenges over the last 12 months from the disruption of its Hong Kong business as well as the fallout from weaker Chinese demand and the spread of coronavirus”. The results come after the group in May reported a 57 per cent plunge in operating profit for the year to £189m, after revenues were hit hard by ongoing protests in Hong Kong. Online full price sales grew double digits in the quarter, as the group tried to innovate with new features such as its B-Surf online game. The group is also preparing to introduce three new business units within its ready-to-wear, accessories and shoe departments, as Burberry attempts to lure new customers around the world. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

Chugach tree fulfills holiday destiny on Capitol lawn

first_imgOutdoors | SpiritChugach tree fulfills holiday destiny on Capitol lawnNovember 21, 2015 by Liz Ruskin, APRN Share:The Chugach tree arrived at the Capitol on Friday, but winds kept it horizontal all day. (Photo by Liz Ruskin/APRN)A 74-foot tree cut from the Chugach National Forest near Seward nearly a month ago arrived at the U.S. Capitol on Friday. It’s the first time the Capitol Christmas tree has come from the 49th state.The Lutz spruce tree arrived on a flatbed, resting on wooden cradles. The tree’s 40-gallon hydration bladder and the trailer sidewalls were removed ahead of time for the tree’s grand entrance at the base of Capitol Hill.Fairbanksan John Schank, a trucker for four decades, drove the whole 4,000-mile journey – other than the ocean part. (The tree went by ship from Anchorage to Tacoma, Wash.)“Oh the trip was awesome. The help along the way with the law enforcement from the Forest Service… They’ve been with me from Day 1,” Schank said. “Without them clearing the lanes for me to make these turns, it would’ve been a real tough job.”John Schank, the Fairbanks trucker who brought the tree, looks uncannily like Santa Claus. (Photo by Liz Ruskin/APRN)The Lynden Transportation driver normally plies the Dalton Highway. He was chosen for this mission in part because of his long, accident-free career. But Schank just happens to have a long white beard and – no kidding — red-apple cheeks and twinkly eyes. He patiently stood for back-to-back media interviews as the tree was detached from the truck and hoisted by crane.Bruce Ward was part of the tree’s cross-country entourage, which had its own band: Blackwater Railroad Company, of Seward. Ward says the good-natured Alaska trucker was a big hit at the 15 events they held along the tree’s route.“Couldn’t get him to wear the Santa Claus hat, though,” Ward said. “But he didn’t need it.”Ward leads a nonprofit called Choose Outdoors that coordinates with the Forest Service to bring a tree to the Capitol from a different national forest each year. The organization raised $650,000 in corporate donations to transport the Alaska tree. Shell, he says, gave the most: $50,000, plus fuel.Ward said the Lutz is a great specimen, nice and full.“Last year when we brought it from Minnesota, it really looked a lot more like a Charlie Brown tree,” he said. “This one looks beautiful, by comparison.”Ward said there were countless special moments on the tree’s journey, starting when they were in the Chugach to fell it. This was after a big search, after the superintendent of the U.S. Capitol Grounds had already flown to Alaska to select it from among the finalists. Ward said on the big day, they asked Kenaitze elder John Ross to bless the harvest.“An eagle actually circled the tree before it was cut, and he said afterwards he asked the Great Spirit to let him know if it was OK to cut this tree,” Ward recalled. “And the message he got was ‘If the eagle lands on the tree you’re not to cut it.’ And so, I’m kind of praying so he doesn’t land on the tree, right? Because we’ve gone through a lot.”A crane moved the tree from the truck to the Capitol lawn Friday morning, but it remained horizontal throughout the day due to high winds. Crews hope to set it upright this weekend, weather permitting.The tree will be lit at a ceremony on Dec. 2 by Soldotna fifth-grader Anna DeVolld, with help from the Speaker of the House.Share this story:last_img read more

Democrats’ drug pricing bill is a sneak peek at the party’s 2020 campaign message

first_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. @levfacher Washington Correspondent Lev Facher covers the politics of health and life sciences. Speaker Nancy Pelosi (D-Calif.) Mark Wilson/Getty Images Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Lev Facher Log In | Learn More What is it? What’s included? Politics center_img By Lev Facher Dec. 11, 2019 Reprints About the Author Reprints Democrats’ drug pricing bill is a sneak peek at the party’s 2020 campaign message GET STARTED Tags advocacycampaignsCongressdrug pricingpolicy [email protected] WASHINGTON — If Democrats are spoiling for a 2020 fight focused on anything besides impeaching President Trump, consider this week’s vote on a massive drug pricing package their opening salvo.House Speaker Nancy Pelosi’s Lower Drug Costs Now Act, a sweeping bill that pledges to lower consumer drug costs by 50%, includes ideas long touted by progressives in Washington: It would let Medicare directly negotiate the price of at least 50 drugs per year and it would cap U.S. drug payments based on costs in other developed countries. Unlock this article — plus daily intelligence on Capitol Hill and the life sciences industry — by subscribing to STAT+. First 30 days free. GET STARTEDlast_img read more

Up and down the ladder: The latest comings and goings

first_imgPharmalot Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. @Pharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. By Ed Silverman Feb. 5, 2021 Reprints What is it? What’s included? About the Author Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Log In | Learn More center_img Ed Silverman Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Alex Hogan/STAT Up and down the ladder: The latest comings and goings GET STARTED Hired someone new and exciting? Promoted a rising star? Finally solved that hard-to-fill spot? Share the news with us, and we’ll share it with others. That’s right. Send us your changes, and we’ll find a home for them. Don’t be shy. Everyone wants to know who is coming and going.And here is our regular feature in which we highlight a different person each week. This time around, we note that CRISPR Therapeutics (CRSP) hired Philippe Drouet as chief commercial officer. Most recently, he worked as Merck (MRK), where he was senior vice president, global oncology marketing & market access. Tags jobsSTAT+ [email protected] last_img read more

Man leads deputies on chase to downtown Fort Myers after traffic stop

Advertisement Tags: downtown fort myersLCSO Detours & delays expected in Downtown Fort Myers until Wednesday June 8, 2021 LCSO deputies investigate Words With Friends “romance scam” June 16, 2021 RELATEDTOPICS AdvertisementDC 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 Lee County deputies arrest five men for Island Vista robbery June 4, 2021 At this time Ortiz is facing charges of Battery on LEO, Fleeing and Eluding, and Aggravated Assault with a Vehicle. Additional charges might be added, according to authorities. This is a developing story FORT MYERS, Fla.– A man led authorities on a chase to downtown Fort Myers after hitting a deputy with his car during a traffic stop.Deputies with the Lee County Sheriff’s Office conducted a traffic stop on Pondella Road in North Fort Myers on Thursday.A driver, later identified as Victor Rivera Ortiz, 36, refused to listen to law enforcement’s instructions, allegedly knocking an LCSO deputy to the ground. While driving away from the area, the man allegedly tried to run over a deputy with his car. It is unknown if the deputy was injured. LCSO among law enforcement agencies deploying officers to Texas, Arizona June 16, 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 comments Advertisement Courtesy of Dan HillLaw enforcement chased him to the downtown Fort Myers area, where they were able to take Ortiz into custody.LCSO has since learned that Ortiz is on federal probation out of Puerto Rico for trafficking cocaine. Advertisement read more

Spate of objections to new Mountmellick housing

first_imgHome News Council Spate of objections to new Mountmellick housing NewsCouncil Normally the Council seeks to progress such projects on a consensus basis following consultation. However, if there is not unanimous approval it can be put to a vote seeking majority support. The issue is expected to come before the November monthly meeting of the Council which is scheduled for this morning, November 25 at 11am.The issue of the lengthy housing waiting list, the delays in providing new homes, the duration of the design and planning process and the impact of homelessness on children and families has dominated debates at Council meetings all year.Over 40 other households and residents are opposing these 6 new houses planned to be built on .19 hectares at Ballycullenbeg in Mountmellick. The houses would be accessed of the R422 road in the town via Kirwan Park and Silverwood estates.A variety of reasons for opposing the new houses are put forward by the residents from the neighbouring houses including the reduction of green space, the impact on the market value of their homes, that the proposed design is unsuitable, health and safety, social impact and inadequate sewerage system. The objections were all placed with the Council back in September at the time of the public consultation process.Setting out their objectives the local authority management state that the houses provide for the delivery of much needed new homes in Mountmellick and that the provision of such housing is a key objective of the local authority’s Development Plan 2017 to 2023.See Also: Housing tops the Council’s priority list for 2020See Also: Books, jerseys, hats – the Laois Today store is now open! Previous articleDeaths in Laois – Monday, November 25, 2019Next articleNew owner of O’Loughlin’s Hotel outlines his plans and sees great future for Portlaoise John WhelanJohn Whelan has been a journalist, commentator, columnist, political analyst, campaigner, politician and publisher ever since he was 17. Having been Editor of the Leinster Express, Offaly Express and the Leinster Leader he has also contributed extensively on a number of issues to all of the country’s flagship titles and programmes including the Irish Press, The Irish Independent, the Star, the Sunday Independent, the Sunday Business Post, The Sunday Times and Prime Time. He is founder of Communicate Ireland a PR, public affairs, event management and media services company.He is the author of the popular camping blog, Vanhalla – Camper Heaven. Facebook GAA WhatsApp GAA RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter Pinterest Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory center_img Facebook WhatsApp Pinterest There is a spate of opposition after being lodged against plans to provide new housing in Mountmellick.Dozens of objections have been made by other residents who oppose the provision of six modest social homes in the town.The plans for the 2-bedroom maisonette style dwellings is being put forward by Laois County Council and has the support of the local authority’s senior management team.However, the public consultation process has seen the proposal greeted with robust disapproval by other householders who live in the vicinity of the site for the suggested development.Also registering opposition to the planned new houses is local councillor Paddy Bracken.Cllr Bracken has cited parking spaces, road safety, the reduction of green area, bin space, the impact on the market value of other homes and that there is other vacant land available nearby, as the grounds for his opposition to the construction of these houses.However, in a report outlining the need for the houses to addresses the acute shortage of homes in the locality and the necessity to provide such houses to meet local demand on the housing list, the proposed development has the backing of David O’ Hara, senior executive planner; Michael Rainey, the Director of Services for Housing and the Council’s Chief Executive, John Mulholland.They have clearly set out their plans and basis for the 6-single-storey dwellings in a report issued to all councillors on November 15. TAGSBallycullenbegCllr Paddy BrackenhousingLaois County CouncilMountmelllick Housing Here are all of Wednesday’s Laois GAA results Spate of objections to new Mountmellick housing By John Whelan – 25th November 2019 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin GAA last_img read more

Future Provocations Guaranteed Military Reply

first_imgNews Facebook Twitter Giving South Korea’s official response to North Korea’s sinking of the Cheonan on March 26th, President Lee Myung Bak has demanded an apology from the North and the punishment of those responsible, while also making clear that any further provocation by North Korea will invoke an immediate military response.During the speech, President Lee emphasized, “North Korea should apologize to South Korea and the international community and punish immediately those persons responsible for this incident. This is the obligation which North Korea must implement first” Speaking at the War Memorial of Korea in Seoul this morning, the President asserted, “If North Korea invades our territorial waters, skies or land in future, we will immediately invoke the right to self-defense,” adding, “The Republic of Korea will not brook any of North Korea’s provocations and will maintain the principles of deterrence.” He heavily criticized North Korea in the speech, pointing out, “With the Cheonan incident on March 26th, North Korea violated the UN Charter, the Armistice Agreement and Inter-Korean Basic Agreement, the fundamental agreements for peace and stability on the Korean Peninsula.” He continued, “The administration will refer this issue to the UN Security Council and… call North Korea to account with the international community. Many countries support our position.” Regarding unilateral South Korean measures against North Korea, President Lee went on, “The situation on the Korean Peninsula is at a significant turning point. North Korea will pay an equivalent penalty for their actions; I will take decisive steps to hold North Korea responsible. From now on, no North Korean ships may use the sea lanes in our territorial waters as permitted by the inter-Korean maritime agreement.” “Inter-Korean cooperation and exchanges will be suspended,” he added, “The sinking of the Cheonan was a North Korean military provocation whereby North Korea attacked South Korea. In a situation where North Korea has sunk the Cheonan and taken our precious young lives, cooperation and exchanges are meaningless.” However, “Aid for infants and children will continue. The Kaesong Complex issue will be examined with reference to its unique nature.” “Our fundamental purpose is not a military confrontation,” President Lee reaffirmed, “but peace and stability on the Korean Peninsula, the mutual prosperity of the Korean nation, and future peaceful unification.” He went on, “The North Korean regime should now change. It is time for them to make a brave decision, face up to reality and choose the right way for the regime and its people.” “We should not let the Korean Peninsula remain a danger zone in the Northeast Asia. North and South Korea should take the lead in solving this problem.” Finally, the President took time to note the South Korean military’s fault in allowing the infiltration of a North Korean submarine to occur unhindered, saying, “I must acknowledge our military’s mistake. The administration will take this opportunity to establish a strong safety posture.” “Based on the South Korea-U.S. alliance, the ROK-US combined defense posture will be solidified,” he added. News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHORcenter_img By Namgung Min – 2010.05.24 11:22am Future Provocations Guaranteed Military Reply News SHARE AvatarNamgung Min North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

CAFII elects new board chair

first_img Keywords Insurance,  AppointmentsCompanies Canadian Association of Financial Institutions in Insurance IE Staff “I want to congratulate Nicole Benson for her leadership as CAFII board chair over the past two years,” Lobbezoo said in a statement. “During her tenure, our association has expanded its use of customer satisfaction research on the products that CAFII members offer, and gained deeper insight into the insurance expectations of Canadians.”Benson will remain on CAFII’s board as the director from her member organization. CETFA elects new board leader man opening curtain to reveal something Sergey Nivens/123RF TD getting new head of private wealth, financial planning Chris Lobbezoo has been elected board chair of the Canadian Association of Financial Institutions in Insurance (CAFII).Lobbezoo, vice president of creditor insurance at RBC Insurance, brings 25 years of experience to the role. He succeeds Nicole Benson, president and CEO of Valeyo, who has completed her two-year term as board chair. Related news PenderFund names new SVP for investments Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more