Bungles and blunders: From the life insurance scandal to confusion over HSBC, here are Financial Conduct Authority boss Martin Wheatley’s worst moments

first_img whatsapp As Financial Conduct Authority (FCA) chief executive Martin Wheatley takes his final bow, many in the City will be celebrating – after all, this is the man who famously promised to “shoot first and ask questions later” when it came to regulating the finance sector. Read more: George Osborne ousts Wheatley from the FCA But for all the bluster, Wheatley’s time at the regulator wasn’t always easy. During his four years at the top, he made numerous sheepish appearances before the Treasury Select Committee as he admitted blunders over everything from being too gung-ho to missing the HSBC scandal. Here are some of his top moments.  “Shoot first, ask questions later” u-turnHaving come into the role with all guns blazing, Wheatley later admitted he shouldn’t have shot his mouth off first, telling the Treasury Select Committee that “I regret using that phrase… [it] was used in the context to responding to a question about how our new early-intervention powers are to be used”.Undermining the UK’s efforts in ChinaWheatley left a bitter taste in the mouth of many of those in the City when he made clear during an interview with the South China Morning Post that the regulator would not have been prepared to change its rules to accommodate the listing of Chinese ecommerce giant Alibaba, which launched the biggest-ever IPO in New York in September last year. Not long before David Cameron had led a delegation to China, which included LSE chief exec Xavier Rolet.  “Imagine how [they] must have felt a few months later when they realised Wheatley had effectively pulled the rug from under their feet,” wrote City A.M. later. £3bn life insurance meltdownPerhaps his lowest ebb came after the publication of the Davis report into the FCA’s leaking of price sensitive information relating to life insurers, which knocked £3bn off the value of life insurers. The report gave an insight into just how chaotic life at the FCA had become: an FCA director had briefed a Telegraph reporter about an impending investigation into the sector, which was published on the evening of 27 March 2014. As shares in life insurers spiralled, the FCA remained silent, only clarifying the story in the afternoon of the next day.  In the end, director of supervision Clive Adamson lost his job (later admitting it was the “most serious incident” the regulator had ever faced), while Wheatley, Adamson, communications director Zitah McMillan and director of markets David Lawton all gave up their bonuses over the scandal.Confusion over HSBC scandalAs allegations that HSBC’s Swiss private bank had been helping its customers evade tax broke at the beginning of the year, Wheatley appeared before the Treasury Select Committee again – this time to admit he had no idea what was going on until the story came out in the press.  “I am not  aware of a direct channel of information on this particular case,” he said.Senior Managers Regime: Guilty until proven innocent?Wheatley was forced to defend himself in May when some pointed out that his Senior Managers Regime, which puts the onus on bosses of failed banks to prove they took reasonable steps to mitigate risks or face jail, might be the first time in UK law someone has been guilty until proven innocent. Hitting back against critics, he said he did not want to “put heads on sticks” or go “scalp hunting”, adding that it was “common sense”.  More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ Friday 17 July 2015 8:35 am whatsapp Sharecenter_img Emma Haslett Bungles and blunders: From the life insurance scandal to confusion over HSBC, here are Financial Conduct Authority boss Martin Wheatley’s worst moments by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsSwift 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 WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned 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.com Tags: Company FCA HSBC Holdings Martin Wheatley Peoplelast_img read more

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News / Cargo earning its keep at Heathrow as volumes grow 10% and boost revenue

first_img Cargo volumes at Heathrow increased 10.5%, to 1.25m tonnes, in the nine months to September, helping grow airport revenue by 3.2%.Group revenue hit £2.1bn for the year to date, leading to pre-tax profits of £229m – a year-on-year increase of 13.4%.The improving performance of cargo comes amid increasing recognition of its role at the airport, which said it was looking to boost volumes and, at the same time, reduce freight emissions.Non-executive chairman Paul Deighton recently unveiled the London hub’s 10-step sustainable freight plan aimed at reducing the environmental impact of cargo operations around the airport. Mr Deighton said Heathrow was “dedicated to keeping the UK economy growing”, but wanted to set an example on sustainability.“The steps outlined allow us to keep building on our cargo strength and role as the UK’s biggest port by value, while restricting the emissions and local impacts of freight vehicles,” he continued.“Through unwavering commitment, we are showing an expanded Heathrow is not a choice between the environment and economy – we can deliver benefits for both.”Among the steps proposed were installation of airfield charging points for on-airport electric vehicles, which would help create an ultra-low emission zone, the joint development with local authorities of a code of conduct for operators, to help ease pinch points and congestion, and a joint strategic freight plan for local roads.Mr Deighton also highlighted plans for modernising the airport’s cargo infrastructure to improve efficiency, while increasing capacity for more airside transhipment.Furthermore, the airport has also responded to government announcements on the next steps for delivering its third runway. Heathrow expects this to double cargo capacity from the 2.75m freight movements made each year.A spokesperson for the airport described the consultation, launched on Tuesday, as a “key milestone” in the development process.“The forecasts show expanding Heathrow, the UK’s only hub airport, is even more important than previously realised,” said the spokesperson. “A third runway will ensure Britain’s place in the world as an outward looking trading nation, and that is why the government has committed to a final vote on expansion in the first half of 2018.” Photo © BAA Airports center_img By Alexander Whiteman 26/10/2017last_img read more

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Arkansas woman suing police after short chase ends with state trooper flipping her car

first_imgArmy officer suing 2 Virginia police officers for using excessive force during traffic stop April 13, 2021 AdvertisementDashcam video, obtained by Harper’s legal team, appeared to show her slowing, activating her blinkers, and changing lanes to the right, so she could eventually pull over, Norwood said.But on the stretch of southbound U.S. 167, the shoulders are narrow and Harper wanted to pull over safely at an exit, the motorist has claimed.“It’s essentially a bowling alley with bumpers on both sides,” Norwood said. “There’s nowhere to go; you’re boxed in by concrete barriers on both sides.” AdvertisementTags: ArkansasLawsuitState trooper Former reality TV star Josh Duggar arrested in Arkansas for child porn May 1, 2021 RELATEDTOPICS Advertisement Man dies in taco eating contest, family sues event organizers April 8, 2021 JACKSONVILLE, Arkansas / NBC News — A pregnant Arkansas woman’s car flipped on its roof by a state trooper who accused the driver of not pulling over fast enough, according to video of the brief chase that’s being used in her lawsuit.Nicole Harper, 38, went to bed on July 9, thinking her unborn child died in the crash on U.S. Highway 167 in Jacksonville, Arkansas, her lawyer Andrew Norwood said.“She cried herself to sleep,” Norwood said.Harper was going 84 mph in a 70 mph zone when trooper Rodney Dunn flashed turned on his siren and flashed lights for her to pull over, according to her lawsuit filed last month in Pulaski County Circuit Court. 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 The pursuit was 2 minutes and 7 seconds long when the trooper tapped the back of Harper’s car in a “pursuit intervention technique,” more commonly known as a “PIT maneuver,” the lawsuit said.The tap caused Harper’s car to suddenly veer left and out of the dashcam’s view. The trooper immediately did a 180 and circled back to see the red SUV on its top, footage showed.The trooper’s action “constituted a reckless attempt to engage in conduct that created substantial risk of physical injury,” Harper’s civil complaint said.In the video, the trooper approached Harper’s flipped car and as he helped her out of the wreckage asked: “Why didn’t you stop?”“Because I didn’t feel like it was safe,” she answered“Well this is where you ended up,” the trooper responded. “Ma’am you got to pull over.”The Arkansas drivers license manual urges motorists to pull “to the nearest/safest spot out of the traffic lane” when police are exercising a pullover.In the emergency room that night, a doctor told the two-months pregnant Harper that a fetal heartbeat could not be detected and she believed the baby had died, Norwood said.But an exam by her OB-GYN the next morning did pick up the heartbeat, and Harper’s daughter was born in February.In addition to speeding, Harper is being charged with failing to yield to an emergency vehicle, which carries a maximum penalty of a $400 fine. A spokeswoman for the Arkansas state police declined comment on both the lawsuit and the July 9 incident. Charter boat captains file lawsuit to stop government GPS tracking regulations 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 Advertisementlast_img read more

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In Pictures: Popular Knockbeg College teacher retires after 30 years of service

first_imgHome News In Pictures: Popular Knockbeg College teacher retires after 30 years of service News In Pictures: Popular Knockbeg College teacher retires after 30 years of service WhatsApp Facebook Electric Picnic By Alan Hartnett – 17th December 2019 Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Louise Dillon Knockbeg Retirement One of Knockbeg College’s longest serving teachers retired recently after almost 30 years of service.Ms Louise Dillon, a Meath native, joined the staff of Knockbeg College in 1989 and was the first female on staff in this era.She taught modern foreign languages (French and German), but is most noted for introducing the German language to the Knockbeg students.Her deep appreciation and love of the language was clear to see by all, but most especially by her students who walked through the door of Room 5 daily.The numbers opting to study German began to grow enormously – all credit to Ms. Dillon’s dedication and commitment.Students excelled in this subject in written, aural and oral communication and indeed, were often even heard singing in German by passerby’s of her room.Ms Dillon coached teams for German debating competitions and enjoyed national success with her students.Louise was involved in many extra-curricular activities during her years in Knockbeg.She introduced horse-riding to students and brought them to Carrigbeg riding school on their traditional leath-lá on a Wednesday afternoon.They participated in many competitions in the Greenhills riding school and the Spring Show at the RDS. Gaisce – the president’s awards, were also organised by Ms. Dillon in the college.Many long walks along the riverbanks and an overnight stay was enjoyed by participating students.The school tours were regularly organised by Ms. Dillon, especially those to Germany or France where her language skills were required. If not organised by her, she always travelled on these trips in a supervisory role.A spokesperson for Knockbeg said: “Louise will be missed by all her students and colleagues and we wish her all the very best of good health and enjoyment in her well-deserved retirement. Thank you, Louise.”A number of her colleagues and friends turned out for her retirement in the Seven Oaks Hotel recently.Check out some pictures from it below:Louise with colleagues Gráinne Moran, Margit Lonergan, Sinéad Nolan, Ann Marie Buckley and Margaret O’Toole.Louise with colleagues Malcolm McNeill, Phil Cody & Georgina RyanTony Monaghan, Siobhan Hennessy, Noeleen Heffernan & Ann Marie BuckleyLouise with with her husband Tony Reeves, and nephews Tom and Pat Dillon.Louise DillonSEE ALSO – Deep sadness as stylish boutique owner who brought flair, panache and generosity passes away Twitter Previous articleSympathy for Laois Parish Priest on the death of his motherNext articleDeaths in Laois – Wednesday, December 18, 2019 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Facebook Pinterest TAGSKnockbeg CollegeLouise Dillon Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR Electric Picnic WhatsApp Twitter News Pinterest Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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BREAKING: 10 more Coronavirus deaths as Gardai contact twitter over videos of abuse of officers at Covid-19 checkpoints

first_img Pinterest RELATED ARTICLESMORE FROM AUTHOR BREAKING: 10 more Coronavirus deaths as Gardai contact twitter over videos of abuse of officers at Covid-19 checkpoints Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Home News BREAKING: 10 more Coronavirus deaths as Gardai contact twitter over videos of… News Pinterest Electric Picnic Twitter By Alan Hartnett – 14th May 2020 Facebook Twitter TAGSCoronavirusCovid-19 Facebook Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Electric Picnic 1,506 people have now died from Coronavirus in Ireland – an increase of 10 from yesterday.It is important to note that not all of these people passed away today and that this is the number that were reported to the Department of Health today.These people will have passed away in recent days and not just today.While there has been a total of 426 new cases of Coronavirus have been diagnosed in Ireland today.This is an increase on the 23,401 cases from yesterday and takes the overall total to 23,827.Professor Philip Nolan, Chair of the NPHET Irish Epidemiological Modelling Advisory Group, said; “All indicators of the spread of COVID-19 are decreasing, including the average number of cases per day, number of people in hospital and ICU, admissions to ICU and number of reported deaths per day.“This is reinforced by our estimate reproduction number which is currently stable between 0.4 and 0.6. We will be monitoring this figure and the overall number of infections in the population very closely over the coming weeks.”Dr. Tony Holohan, Chief Medical Officer, Department of Health, said; “The National Public Health Emergency Team met today and have given further advice to Government. We still want to see progress over the coming days. We need to continue our physical distancing and hygiene measures if we are to continue to suppress the spread of the disease.”Today’s data from the HPSC, as of midnight, Tuesday 12th May (23,259 cases), reveals:· 57% are female and 43% are male· the median age of confirmed cases is 48 years· 3,053 cases (13%) have been hospitalised· Of those hospitalised, 387 cases have been admitted to ICU· 7,123 cases are associated with healthcare workers· Dublin has the highest number of cases at 11,308 (49% of all cases) followed by Kildare with 1,348 cases (6%) and then Cork with 1,249 cases (5%)· Of those for whom transmission status is known: community transmission accounts for 60%, close contact accounts for 37%, travel abroad accounts for 3%Northern Ireland, the UK and globally There have been 5 further Covid-19 related deaths in Northern Ireland, bringing official total to 454.There have been 38 new cases of Coronavirus, bringing the Northern Ireland total to 4,291.The UK Coronavirus death toll increased by 428 in past 24 hours, taking total recorded fatalities to 33,614. They now have more deaths than Italy and the second highest in the world behind the USA who have 82,205.There are now a total 4,478,000 cases of Coronavirus globally. There have been more than 300,000 deaths while 1,682,000 have recovered.Gardaí contact Twitter and Data Protection Commissioner over videos of officers being abused at Covid checkpointsGarda management has written to the Data Protection Commissioner as well as several social media companies over online videos showing garda members being verbally abused while carrying out their duties.In recent weeks, a number of videos of officers interacting with members of the public have been widely shared online. Most of the videos have been recorded by people expressing wishes for the pandemic restrictions to be lifted.In several cases, the names and shoulder numbers of gardaí have been broadcast, with abuse then directed toward them on social media.See Report HereTesting turnaround ambitionThe Health Service Executive has set out its plan on how it will carry out testing and contact tracing over the coming months, with an aim to increase testing capacity and have a turnaround time of three days from referral to the contact tracing process being completed.Speaking at a media briefing this morning, HSE Chief Executive Paul Reid said almost 270,000 tests have been carried out so far, and outlined targets for the health service from next week.Mr Reid said he had never seen “so much change” happen so quickly across the HSE as it responds to the crisis, however, he said it needs “to improve” further with testing and tracing.See Full Report HereCoronavirus reproduction rate falls again Simon Harris told the Dáil that Ireland’s reproductive (R0) rate for Coronavirus has now fallen to between 0.4-0.6Hospital admissions have fallen to 15 per day while ICU admissions have fallen to 1-2 per day.HSE concern over desire to increase testing numbersThe HSE Chief Executive Paul Reid raised concern over the National Public Health Emergency Team’s (NPHET) commitment to increase the number of Covid-19 tests per week to 100,000.The concern was expressed in a letter to the Secretary General at the Department of Health on Sunday 19 April.The correspondence has been published following several requests from Labour Leader Alan Kelly, who described it as “explosive” in the Dáil this afternoon.See Full Report HereImportant information Symptoms of Covid-19 include:CoughShortness of breathFeverBreathing difficulties.Further resources:The HSE: Official advice on the coronavirus in Ireland. This is being updated based on the number of confirmed cases and how the virus spreads in Ireland.The Department of Foreign Affairs: Official advice on where to avoid travelling to. Also a resource for those who are abroad.The World Health Organization (WHO): The UN agency on global public health publishes statements and daily situation reports based on the latest data.European Centre for Disease Prevention and Control (ECDC): The EU agency on the number of cases, deaths and how it’s spreading in Europe.The Johns Hopkins University map: A heat map of the confirmed cases across the world.A helpline for older people who are concerned about the coronavirus has been launched by Alone. The number is 0818 222 024, and it’s open Monday to Friday, 8am-8pm.SEE ALSO – Electric Picnic is CANCELLED for 2020 and ticket details confirmed News WhatsApp Previous articleGreat line up announced for this week’s Late Late ShowNext articleCoronavirus Daily Noticeboard – Thursday, May 14, 2020 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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Sun Life gains university pension mandate

first_img Federal budget fails to support needed pension reform, retiree group says Sun Life Financial Inc. (TSX:SLF) is taking over management of Western University’s $250 million Retirement Income Fund (RIF), which is currently managed in-house. The insurer said Tuesday it has been tapped by Western manage the university’s RIF on behalf of its current and future retirees. It says that the university received approval from its board of governors to move its in-house RIF to an external provider in November. Keywords PensionsCompanies Sun Life Financial Inc. Facebook LinkedIn Twitter Canadian plan sponsors post positive quarter despite bond slump James Langton center_img Share this article and your comments with peers on social media Budget 2021 revives tax issues from 2019 Related news The new RIF program, which will offer a number of features and benefits that are not available to Western’s retirees today, will be offered by Sun Life Financial Trust Inc.; with Sun Life Assurance Company of Canada providing its investment options and administrative services. Kevin Dougherty, president of Sun Life Financial Canada, reports that the firm currently serves retirement plan members in 45 academic institutions in Canada. “We appreciate the confidence that Western has placed in us, and look forward to supporting their employees in their retirement years,” he says. “We selected Sun Life because they offer the best value – quality investment options, and an excellent client service model. We’re confident in Sun Life’s commitment to meeting our needs as a fund provider and helping our employees in their retirement,” said Jane O’Brien, Western’s associate vice president, human resources.last_img read more

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University to be Established in St. James

first_imgRelatedUniversity to be Established in St. James RelatedUniversity to be Established in St. James RelatedUniversity to be Established in St. James University to be Established in St. James UncategorizedMarch 28, 2006center_img Advertisements FacebookTwitterWhatsAppEmail Prime Minister P.J. Patterson has announced that within the next two years, a university will be opened in St. James, catering to residents living in the western parishes of the island.Cabinet yesterday (March 27), gave its approval to the conceptualisation and development of the University of Western Jamaica.Speaking at the post-Cabinet press briefing at Jamaica House, the Prime Minister said that among the course offerings that would be delivered at the new university are, education with an emphasis on English and Spanish; tourism and hospitality management; accounting and management; entertainment and culture with linkages to environmental studies and sustainable development; information technology, focusing on hardware and software development for export; and medical sciences, with a specific focus on nursing to fulfil domestic requirements as well as nursing for those who wish to pursue their professions overseas. “That will also include a particular emphasis on geriatric nursing, which is a post-graduate area of specialisation,” he noted.He said the government was working alongside the University of the West Indies (UWI) and the University of Technology (UTech), through special distance programmes, noting that Harrison College, Montego Bay Community College, and Sam Sharpe Teachers’ College, all established institutions located in the western part of the island, would form part of the proposed University of Western Jamaica.“The purpose of the university is to provide an information technology, distance learning alternative means of higher education to a wide cross section of students in select and discreet areas of study and within an environment that is relevant to the areas of training offered,” Prime Minister Patterson explained.The new university, he added, would be linked with existing tertiary institutions that are already preparing persons for university-level matriculation. He said Cabinet has given its approval to proceed with the completion of the plans for the establishment of the University of Jamaica.Mr. Patterson indicated that to finalise building plans, “we will need a pool of funds amounting in the order of US$15 million and that would become available from current programmes, including those which are funded by the Ministry of Commerce, Science and Technology”.“The Ministry of Education will now assume carriage of this matter and an Advisory Board will be established to implement this project. It will have to receive a charter from the University Council of Jamaica (UCJ) and the Attorney General will guide that legal process,” he added.Mr. Patterson said the Ministry of Commerce would work with the Attorney General’s Department to establish a not-for-profit Foundation, while the Ministry of Education would be invited to publish the relevant schemes of arrangement, and the Council of the Western University of Jamaica would be invited to work with the UCJ to finalise the arrangement.“We hope that the university could come into being within a maximum of two years from now. We are going to be using existing building facilities which presently house colleges and training institutions that will be incorporated within the University of the West Indies,” he told journalists.He said currently, there are plans afoot to have the university’s central site be headquartered in Montpelier, St. James.last_img read more

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Twenty-four innovators advance to Food Waste Reduction Challenge semi-finals

first_imgTwenty-four innovators advance to Food Waste Reduction Challenge semi-finals From: Agriculture and Agri-Food CanadaToday, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the 24 semi-finalists for Streams A and B of the $20-million Food Waste Reduction Challenge, an initiative under the Food Policy for Canada.Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the 24 semi-finalists for Streams A and B of the $20-million Food Waste Reduction Challenge, an initiative under the Food Policy for Canada.The Challenge was launched in November 2020 to accelerate and advance diverse and high-impact solutions to food waste in Canada. Streams A and B focus on business model solutions that can prevent or divert food waste at any point from farm to plate.This first round of the Challenge attracted 343 applications from innovators across Canada and around the world. The 24 semi-finalists’ entries span a diverse range of areas including production, inventory management, transportation, food waste measurement, marketplace solutions, food safety, food recovery, upcycling, and organic waste treatment.Each semi-finalist will receive $100,000 and move on to the market demonstration stage of the Challenge. Over the next eight months, semi-finalists will pilot their solutions in Canada through rigorous testing, evaluation and reporting on their solution’s effectiveness. Agriculture and Agri-Food Canada will then select up to 12 finalists for Streams A and B. Each finalist will receive up to an additional $400,000, with one winner per stream awarded a grand prize of up to $1.5 million. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, business, Canada, demonstration, food, Food Safety, Government, market, Minister, organic, pilot, production, Safety, testing, treatment, winner, worldlast_img read more

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$32.1 million for agriculture biodiversity stewardship

first_img$32.1 million for agriculture biodiversity stewardship The Hon David Littleproud MPMinister for Agriculture, Drought and Emergency Management• 2021-22 Budget confirms the Australian Government’s commitment to promoting biodiversity stewardship on agricultural land• Australia’s agriculture industry depends on a biodiverse and well-managed resource base• Payments for biodiversity projects could help farmers diversify their businesses and take advantage of new revenue streamsThe Australian Government is delivering $32.1 million in new funding to trial new programs to increase biodiversity on farms.Minister for Agriculture, Drought and Emergency Management David Littleproud said this investment extends opportunities to reward farmers for biodiversity stewardship and comprises:• $22.3 million to deliver a pilot program to protect and manage existing high value native vegetation• $5.4 million to implement an Australian farm biodiversity certification scheme• $4.4 million to establish a Biodiversity Trading Platform.“Australia’s farmers are some of our greatest environmental stewards,” Minister Littleproud said.“They play a key role in maintaining healthy ecosystems which are critical for future production, the environment, regional communities and the broader economy.“We’re expanding our original support for agriculture biodiversity stewardship of $34 million to create market opportunities for farmers who look after biodiversity. It’s a win-win for farmers and the environment and contributes to the Ag2030 agenda.“For example, this new funding will allow around 140 farmers to participate in a pilot for enhancing existing native vegetation. It will trial a market approach to biodiversity improvements by rewarding better long-term management of high value remnant vegetation.“This is part of our agenda to use markets to help deliver environmental outcomes and returns to farmers.“The program is designed to rejuvenate unproductive land that has existing high value native vegetation while making sure that productive land is left for our farmers to decide how to use. “A Biodiversity Trading Platform will enable farmers to connect with buyers of biodiversity outcomes and kick-start private sector biodiversity markets.“There is growing global market interest in higher environmental standards for exported agricultural goods so implementing our farm biodiversity certification scheme will give our producers enhanced credibility and an export market edge.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, Australia, Australian, Australian Government, biodiversity, drought, Emergency, Emergency Management, environment, Government, industry, Investment, Minister, outcomes, production, revenuelast_img read more

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Jeep Gladiator: Gas vs. EcoDiesel engines explained

first_imgThese days, it seems like Canadian shoppers love two things more than just about anything else: four-wheel drive utility vehicles, and loads of selection when it comes to the powertrains that move those vehicles around.As automakers respond to changing shopper demands, we’re seeing more new and exciting powertrain options hitting the market. Jeep’s off-roader lineup, including models like the Gladiator and Wrangler are a good place to see this in action.Here we’ll focus on a question that Jeep Gladiator shoppers now have to ask themselves for the first time: do you go with the standard gasoline V6 engine, or upgrade to the 3-litre EcoDiesel V6 that’s just been added to the options roster—says Jeep, to give shoppers something they’d been asking for a few years. Diesel-powered Gladiators actually have an inferior towing capacity. If you’re hauling a trailer or camper, the highest tow rating still comes from gasoline powered models, mainly due to the added weight of the diesel engine and its exhaust after-treatment system.It’s always nice to have choices. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Justin Pritchard Buy It! This Hellcat-powered Jeep Gladiator is up for auction “Our customers knew exactly what they were asking for” said Jim Morrison, Head of Jeep Brand—North America.“The Gladiator EcoDiesel is designed to balance all of the great characteristics that Jeep owners expect from a modern diesel powertrain: low-end torque on the trail, delivering great fuel economy and fuel range and capable tow rating”.Gladiator’s standard engine is a gasoline V6 of 3.6 litres displacement, and it makes 285 horsepower and 260 lb-ft of torque.The upgraded engine is a 3-litre V6 turbodiesel that makes it 260 horsepower and 442 pounds of torque. That’s 25 fewer horsepower, but a nearly 200 lb-ft advantage in torque output.2021 Jeep Gladiator EcoDiesel Justin Pritchard COMMENTSSHARE YOUR THOUGHTS Stellantis Remember though, the EcoDiesel is a premium engine—smoother, quieter, far more responsive. Fuel economy and increased highway driving range translate into fewer refueling stops on your longer road trips—another key reason to consider the diesel engine option.Of course, some loyal Jeep shoppers might just be looking to tick every box on their new toy’s options list—though there is one compromise to be aware of: towing. RELATED Pickup Review: 2021 Jeep Gladiator EcoDiesel From the driver’s seat, that means that the diesel engine concentrates a lot more pulling power into the lower end of a condensed power curve that spans far fewer revs than the gasoline engine does. Put another way, you’ve loads more thrust available much more of the time, and from far fewer revs.Where the gasoline V6 engine needs to spin fast and make more noise to generate maximum power, diesel engines like this are adept at spinning away slowly and quietly, while giving you access to a boatload more throttle response in the process.Adding the diesel engine then is a great way to make your Gladiator feel more athletic and eager. It’s also the quieter engine of the pair, the smoother engine of the pair, and by a fair margin, the more fuel-efficient engine of the pair, too.2021 Jeep Gladiator EcoDiesel RELATED TAGSGladiatorJeepPickup TruckNon-LuxuryFeature StoryNew VehiclesPickup trucksecodieselInstagramNon-Luxury The Gladiator’s gasoline V6 uses about 13.7 litres of fuel for every hundred kilometres driven in a city setting, and about 10.7 litres of fuel for every hundred kilometres driven on the highway.As an average figure, Natural Resources Canada says gas-powered Gladiators will drink about 12.3 litres of fuel for every 100 kilometres you drive, and they peg the annual fuel cost around $3,100.Go with the $7,500 EcoDiesel engine, and consumption falls from 13.7 L / 100 km in city driving to just 10.8—a savings of roughly 3 litres of fuel for every 100 kilometres driven. On the highway, consumption drops from 10.7 L / 100 km to 8.5, for savings of 2.2 litres for every 100 kilometres driven.At the end of the day, Gladiator EcoDiesel drinks about 2.5 litres less fuel for every 100 kilometres it’s driven. Annual fuel costs are accordingly pegged at about $2,375—about $725 less per year than the gasoline.Given the $7,500 ask for the diesel engine, that pegs the break-even point on its investment at something like a decade or more.2021 Jeep Gladiator Overlandlast_img read more

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