Standard Chartered reportedly facing $1.5bn Iran sanctions fine

first_imgOther banks have previously paid massive fines for US sanctions violations, including $1.9bn for HSBC in 2012 and $1.45bn for Commerzbank in 2015.Read more: Europe stands ground over US-Iran feud Jasper Jolly whatsapp The spokesperson said: “As previously disclosed, we continue to cooperate fully with the investigation regarding our historical sanctions compliance, and are engaged in ongoing discussions with the US authorities. While we do not comment on the substance of those discussions, we look forward to resolving these legacy issues.”US authorities have long targeted Iran with sanctions, with a significant hardening in the attitude towards the nation under President Donald Trump, who tore up a deal to loosen sanctions in May.Read more: The US sanctions against Iran could start a war in European courtroomsIn 2012 Standard Chartered paid the DoJ $667m for violating sanctions rules, according to Thomson Reuters data, as well as signing a deferred prosecution agreement (DPA) in which the bank agreed it was responsible for criminal conduct. The DPA was extended in 2014.The bank had been found in the previous investigation to have helped customers get around the sanctions by changing banking codes, replacing references to sanctioned entities in payment messages, and deleting payment data. Standard Chartered is reportedly facing a fine of as much as $1.5bn (£1.15bn) from the US Department of Justice (DoJ) for violating sanctions on Iran. Standard Chartered reportedly facing $1.5bn Iran sanctions fine center_img Monday 1 October 2018 5:37 pm whatsapp Share The British bank could face the penalty by the end of the year, although final discussions have not yet begun, Bloomberg reported.The investigation into Standard Chartered’s activities is focused on its sanctions compliance controls with regards to Iran, which has long been a source of difficulties for the emerging markets-focused bank.Read more: Iranian foreign minister claims country is close to European oil dealIn its half-year report published earlier this year Standard Chartered said authorities are looking into whether “conduct and control failures permitted clients with Iranian interests to conduct transactions through Standard Chartered Bank after 2007 and the extent to which any such failures were shared with relevant US authorities in 2012”.A Standard Chartered spokesperson declined to comment on the size of any potential penalty. Tags: Company Standard Charteredlast_img read more

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Junk food ads set to be banned on TV and online before 9pm watershed in government crackdown

first_imgSunday 17 March 2019 1:51 pm The consultation by the Department for Health and Social Care (DHSC) proposes that junk food ads should not be shown on TV screens before 9pm. It added that such a ban could extend to restrictions on social media and streaming sites such as Facebook and Youtube. Read more: Sadiq Khan’s junk food ad ban comes into forceThe UK has among the highest levels of obesity in western Europe, and one in three British children are overweight or obese by the time they leave primary school, according to the British Medical Association (BMA). Dame Parveen Kumar, chair of the BMA’s board of science, said the consultation is “far from being too interventionist, restriction of junk food marketing for children is absolutely imperative”.”The current restrictions on advertising of unhealthy foods during children’s daytime TV programmes are no longer fit for purpose,” she added. “Young people’s viewing extends well beyond these parameters, including family-oriented programmes and viewing content online. Tags: Trading Archive More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Junk food advertisements could be banned from appearing on TV and online before 9pm, as the government today launched a consultation on measures to tackle the UK’s growing obesity rate.Currently, ads for foods that are high in fat, salt or sugar are forbidden during broadcasts of TV programmes specifically aimed at children.  Share “A 9pm watershed on TV, and equivalent protection online, is crucial to really limit the amount of marketing children and young people are exposed to and influenced by.”Read more: Advertisers hit back in row over junk food bansConflicting evidence was released earlier this month by the Advertising Association, which said children’s exposure to adverts for junk food has declined in recent years with no measurable impact on obesity.The trade body instead argued that a decline in physical activity among children is behind the problem.Today’s consultation follows a bold move by London mayor Sadiq Khan to ban junk food advertising on the Transport for London network. As of this month, ads for food and drink that are high in fat, sugar or salt are forbidden from appearing at bus stops or on the Tube. Junk food ads set to be banned on TV and online before 9pm watershed in government crackdown Christopher Snowdon, head of lifestyle economics at the Institute of Economic Affairs, said: “The idea of banning food advertisements to stop people eating too much is absurd. If it is safe enough to eat, it is safe to be shown on television.””The policy will punish commercial broadcasters and achieve nothing. It is a sledgehammer to miss a nut.” whatsapp whatsapp Emily Nicolle last_img read more

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US warns of reprisal car taxes if UK forges on with digital tax

first_imgMnuchin said he expects a trade deal with the UK this year, saying he was “disappointed” by Javid’s comments during the session that Downing Street’s “first priority will be getting the agreement with the EU.” “We plan to go ahead with out digital services tax,” he told the Davos audience. “It is a proportionate tax, it is deliberately designed as a temporary tax – it will fall away once there is an international solution,” the chancellor explained. Catherine Neilan As things stand, the UK’s draft legislation would tax companies at two per cent of revenues from UK users for companies that have more than £500m in digital revenues worldwide and over £25m from UK activities. This morning, City A.M. revealed Johnson’s team is “pretty much set”, with negotiating priorities in the process of being signed off by Cabinet. Johnson himself will fly to Washington to kick-start talks, in the hope of leveraging the “good will” that exists between him and US President Donald Trump. Former chancellor George Osborne warned his successor against entering into a trade war with the US over taxing tech firms. The US Treasury secretary Steve Mnuchin has warned the UK of reprisals in the form of taxes on car companies if the government forges ahead with plans for its digital services tax. Wednesday 22 January 2020 10:12 am whatsapp During a panel discussion in Davos, Mnuchin said he was hoping to hold “private conversations” with UK counterpart Sajid Javid and the UK Prime Minister Boris Johnson about the proposed tax, which is due to come into force this April. Steve Mnuchin used his Davos address to threaten the UK with reprisals if it pushes ahead with a digital tax (AFP via Getty Images) Also Read: Davos: Steve Mnuchin warns of reprisal car taxes if UK forges ahead with digital tax “This could be the year of change,” he adds. “This could be the year of agreement.” He highlighted “a growing disconnect between where customers are based” and where profits are booked by firms. Show Comments ▼ The pair crossed swords at a critical time in the UK-US relationship, as the two sides prepare to enter formal trade talks. He went onto to describe it as “discriminatory in nature”, adding: “If people want to just arbitrarily put taxes on our digital companies, we will consider putting taxes arbitrarily on their car companies.” Davos: Steve Mnuchin warns of reprisal car taxes if UK forges ahead with digital tax Steve Mnuchin used his Davos address to threaten the UK with reprisals if it pushes ahead with a digital tax (AFP via Getty Images) Also Read: Davos: Steve Mnuchin warns of reprisal car taxes if UK forges ahead with digital tax Steve Mnuchin used his Davos address to threaten the UK with reprisals if it pushes ahead with a digital tax (AFP via Getty Images) whatsapp The OECD has recommended the UK “hold fire” for a multilateral solution. “This does require an international solution that we agree on – that is why all the big economies… are part of this discussion,” he said. But Javid stuck to his guns. “It would certainly be a very brave British government that walks into a trade war with the United States at the very moment as the centre point of its economic policy is to strike a trade deal with the US,” he told the BBC this morning. “I suspect they will use what the OECD is saying as a reason to delay implementation.” Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyNews SharperChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoNews Sharperzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistatelast_img read more

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PMQs descends into mud-slinging match as Cameron and Miliband attempt to distance themselves from HSBC tax taint

first_img whatsapp Show Comments ▼ Catherine Neilan whatsapp Sharecenter_img PMQs descends into mud-slinging match as Cameron and Miliband attempt to distance themselves from HSBC tax taint HSBC dominated Prime Minister’s Questions today as David Cameron and Ed Miliband traded insults over which party had closest ties to those clients on the list of alleged tax evaders. The two took turns to sling mud at each other over the matter, with the Labour leader describing his counterpart as a “dodgy Prime Minister surrounded by dodgy donors”. Cameron meanwhile claimed Miliband and Ed Balls “were the friend of the tax dodger”, insisting the Tories were “the friend of the taxpayer”.  The explosive session started when Miliband highlighted a Guardian article detailing the number of Tory donors and peers, as well as MP Zac Goldsmith, who legally held accounts at HSBC’s Swiss subsidiary, describing a “revolving door” between the party and the bank. He said Cameron was “up to his neck on this”.  Cameron hit back noting the number of Labour donors also on the list, adding that “people should always pay their taxes”. He went on to highlight the support given to Labour by the unions. Miliband then called on Cameron to explain why former HSBC boss Stephen Green had been appointed as a trade minister in 2010 and questioned how it was possible that no conversation relating to the matter had taken place in the following three years.  “This is the behaviour we saw of [former No 10 communications director] Andy Coulson,” he said “There is something rotten at the heart of the Tory party and it’s him.” The question of Cameron’s relationship with Green was raised by two other Labour MPs – Sharon Hodgson and Phil Wilson – but the Prime Minister insisted the appointment followed due process.  Cameron added: “I made the appointment, it was welcomed by Labour and three years later they were still holding meetings with him.” During the course of PMQs, Richmond Park MP Goldsmith released a statement regarding his inclusion on the Guardian’s list of people who legally held accounts in Switzerland with HSBC’s private bank.  It said:  “It has never been a secret that I am a beneficiary of a Trust set up by my late father and administered by a family Office in Geneva. Indeed this was widely discussed before the last election. This report adds nothing to that old story. “To be clear, my very numerous family members around the world who are beneficiaries of the same Trust do not own or control it, but like me, they receive income from it. I have never had a Swiss bank account, and do not control any Swiss bank accounts. I have never sought or been given tax minimisation advice by HSBC, directly or indirectly. The media commentary around this is therefore wrong.  “The fact is that I receive an income from an international trust, and I have paid taxes in full on all the income or capital gains I have received, irrespective of where these arise. HMRC are aware of the structure set up by my father and has never requested any ‘back taxes’ at all. Nor do they have any reason to. “On the issue of my contributions to the Conservative Party, they are a matter of public record and the vast majority are ‘notional’ and relate to use of offices over the past ten years. Finally, it has been said that I relinquished the non-dom status I inherited from my father only after public pressure. This is wrong. I voluntarily relinquished it long before anyone ever approached me about the issue.” Wednesday 11 February 2015 8:11 am Tags: Company David Cameron General Election 2015 HSBC Holdings Peoplelast_img read more

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Osborne wins guarantee on UK’s Greek loan

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap Osborne wins guarantee on UK’s Greek loan whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily WinnersTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBall Show Comments ▼ Sharecenter_img Tags: NULL CHANCELLOR George Osborne has managed to secure a guarantee on £700m of British funds that will be loaned to Greece while it continues to negotiate its bailout.Earlier this week, Eurozone officials decided that tapping into a €7bn (£4.9bn) pan-EU fund called the European Financial Stability Mechanism (EFSM) would be the most viable option to fund a short-term loan to Greece. However, its use has angered EU members that do not use the euro. It especially annoyed Osborne, as the UK was promised in 2010 that the EFSM would not be used for Eurozone bailouts, leading him to initially say the UK would not contribute. However he later backtracked, on the proviso taxpayers’ cash was “not on the line”. But now a deal has been struck guaranteeing British taxpayers’ money in case Greece does not repay the loan. The money will be backed by profits that the European Central Bank has made from Greek government bonds. “These have been tough talks, but the agreement announced this evening means an impregnable ring-fence around British taxpayers’ money, which will not be at risk in any way in this emergency financing for Greece,” Osborne said. “Importantly, we have also managed to secure the same protections for all other member states who are not members of the single currency. The European Commission has agreed these changes will be legally binding.” The guarantee on the UK’s cash will help to smooth over UK-EU relations as Osborne gears up to renegotiate Britain’s EU membership terms. ‘This agreement establishes an important principle in EU law: that the responsibilities of the Eurozone countries and those members of the EU, like Britain, who are not part of the single currency and do not want to be, are very different,” Osborne said.“This is a principle we want and expect to be acknowledged when we renegotiate a new relationship with the EU before allowing the British people a say in an in-out referendum on our membership.” Thursday 16 July 2015 9:08 pm Express KCS last_img read more

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The vial is not half empty: New report lays out ways to address the issue of discarded drugs

first_img By Ed Silverman Feb. 25, 2021 Reprints Ed Silverman GET STARTED Adobe Tags drug developmentdrug pricingSTAT+ The vial is not half empty: New report lays out ways to address the issue of discarded drugs [email protected] 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. 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. What is it?center_img What’s included? About the Author Reprints Pharmalot File this under ‘Waste not, want not.’In response to the cost of medicines, a fierce debate has broken out in recent years over ways to reduce the amount of unused liquids left in vials of infused or injectable cancer treatments and other therapies. One widely cited estimate suggested the U.S. health care system wasted $2.8 billion each year. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Log In | Learn More @Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTEDlast_img read more

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Deaths in Laois – Monday, August 24, 2020

first_img WhatsApp Twitter By LaoisToday Reporter – 24th August 2020 Electric Picnic Pinterest Pinterest Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Previous articleCoronavirus: 61 new cases but no deaths as Phil Hogan saga drags onNext articlePortlaoise ladies seeking to kick on after historic win over Sarsfields LaoisToday Reporter News Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Vera Carter (née Connor)Timogue House, Stradbally, LaoisPeacefully at home, in her 102nd year. Dearly loved wife of the late William and devoted mother of Richard, Hazel, David and Audrey. She will be sadly missed by her loving family, grandchildren, great-grandchildren, daughters-in-law Shirley and Yvonne, son-in-law Mervyn, nephews, nieces, relatives and friends.Due to Government advice and restrictions regarding public gatherings and funerals a Private Funeral will take place. House Private Please. Enquiries to Persse Funeral Directors.Christina (Chrissie) McCreevey (née Tyrrell)Ballyfermot, Dublin/Walkinstown, Dublin/Camross, LaoisPeacefully in her sleep at her daughter’s residence. Dearly loved mother of Liam, David, Christy, Christine, Patrick, Joseph and the late Thomas and grandmother of the late David. Sadly missed by her loving sons, daughter, sister Philomena, brother David, daughters-in-law, son-in-law, grandchildren Angeline, William, Michaela, Christiana, Kellie, Graham, Kieran, Danielle, Patrick, Chris, Thomas, Leah, Sinead, Brendan, Audrey, Sean, Adam, Lauren and Scott, great grandchildren, sister-in-law Mary, brother-in-law Paddy, extended family, relatives and friends.A private family funeral will take place due to Government advice regarding public gatherings. Those who would have liked to attend the funeral but, due to current restrictions cannot, may view the Funeral Service which will be streamed on www.vimeo.com/event/153499 on Monday 24th August at 3.15pm.Michael O’BrienDrumcondra, Dublin/Portlaoise, LaoisO’Brien, Michael. Late of Drumcondra and formerly of Millview, Portlaoise. Peacefully at Highfield Nursing Home on 21st August 2020. Beloved husband of the late Mary, loving father of Teresa and Breda, devoted grandfather of Jamie and Amber. Predeceased by his parents Michael and Margaret, brother Paddy, sisters Theresa, Sheila and Deirdre. Sadly missed by his daughters, grandchildren, Teresa’s partner Gerard, sister Rita, brothers Noel, Tony, Gerry, Peter, Brendan, Paschal, Thomas and Brian O’Neill, brothers in law, sisters in law, nephews, nieces, relatives, former prison officer colleagues Dublin and Laois, neighbours and friends.The family wish to extend their heartfelt gratitude to the staff of the Grattan Unit, Highfield Nursing Home for their care and attention.In line with Government and HSE advice regarding public gatherings a small private funeral will be held.Family flowers only. Donations if desired to Aware and St Francis Hospice, Raheny.Kathleen Cass (née McDonald)Balladine, Abbeyleix, LaoisPeacefully at Cork University Hospital. Deeply regretted by her loving husband Daniel, daughter Sarah (Kenneally), sons Michael and Charles, sister Bride (Reilly), brother Charles (Mc Donald), son-in-law Denis, daughters-in-law Rita and Niamh, grandchildren Rachel, Jennifer, Emma, Daniel, Kathy, Molly, Leigh, Donal and Anna, brothers-in-law, sisters-in-law, nephews, nieces, relatives and friends.Due to Covid-19 directive a private family funeral will take place on Sunday at 11am. in The Church of The Most Holy Rosary, Abbeyleix. and can be viewed on https://abbeyleixparish.ie/webcam/. Interment will take immediately afterwards in the adjoining cemetery.Please note change of Mass Time.Oliver ByrneCoolbanagher, Emo, LaoisPeacefully at his residence. Loving husband of the late Doreen and dear brother of the late Harry. Sadly missed by his loving family Yvonne, David, Trevor, Carol, Brian and Elaine, brother George, sons-in-law, daughters-in-law, grandchildren, great-grandchildren, extended family, neighbours and friends.Due to the Covid 19 Directive, a private family funeral service will take place in St John’s Church, Coolbanagher, on Sunday at 12 noon with burial afterwards in the adjoining churchyard. The funeral cortege will leave his residence on Sunday at 11:30am. Those who would like to attend are welcome to stand along the route or in the vicinity of the church so long as social distancing is observed at all times.SEE ALSO – Deaths in Laois – Sunday, August 23, 2020center_img WhatsApp Electric Picnic RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Twitter Deaths in Laois – Monday, August 24, 2020 Home Deaths Deaths in Laois – Monday, August 24, 2020 Deaths Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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BMO lowers rate for five year fixed mortgage

The other big banks could follow suit. Last month, Canada Mortgage and Housing Corp. said new housing construction is expected to be lower this year due to moderate economic and employment growth in the second half of 2012. The Teranet-National Bank index of Canadian housing prices in January continued to show the effects of a cooling trend that has hovered over the real estate market for more than a year. The index was at 153 last month, up just 2.7% from January 2012 — the lowest 12-month growth rate since November 2009. Share this article and your comments with peers on social media Canadian Press Related news CMHC looks to make it easier for self-employed to obtain a mortgage Consumer debt driven by new mortgages, but credit card debt at six-year low Banks raise mortgage rates Keywords MortgagesCompanies Bank of Montreal The Bank of Montreal (TSX:BMO) is lowering its rate for a five year fixed mortgage amid concerns about a cooling housing market. Effective immediately the rate will drop to 2.99% from the current 3.09%. Facebook LinkedIn Twitter read more

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WRHA gets 47 More Nurses

first_imgAdvertisements RelatedWRHA gets 47 More Nurses WRHA gets 47 More Nurses UncategorizedJanuary 3, 2007 FacebookTwitterWhatsAppEmail The complement of nurses in the Western Regional Health Authority (WRHA) has been bolstered with the addition of some 47 graduate nurses since the beginning of January. One Public Health Inspector has also been employed.A two-day orientation exercise for the new nurses began at the Cornwall Regional Hospital (CRH) on Tuesday, January 2.Presenters at the orientation included Acting Regional Director of the WRHA, Dr. Alexander Konstantinov; Training Development and Recruitment Manager, Jacqueline Martin-Hall; Personnel and Industrial Relations Manager, Celia Huggan; Regional Health Promotion/Education Officer, Michael Kington and In-service Education Officer at the CRH, Marlene Marsh-Robinson.Following this exercise, 22 registered nurses and eight enrolled assistant nurses will be posted at the Cornwall Regional Hospital in St. James; seven will be placed in the parish of Westmoreland; four will be sent to Trelawny, while the parish of Hanover will receive three registered nurses and two enrolled assistant nurses. Hanover will also receive the Public Health Inspector.Addressing the orientation ceremony, Dr. Konstantinov expressed delight that the nurses were joining the WRHA.He said that while primary care and secondary care were important in the delivery of healthcare, emphasis must now be placed on preventive care and encouraging a healthy lifestyle.There are four hospitals and 83 health centres within the WRHA, which covers the parishes of St. James, Hanover, Trelawny and Westmoreland. They serve a combined population of approximately 450,000 persons.center_img RelatedWRHA gets 47 More Nurses RelatedWRHA gets 47 More Nurseslast_img read more

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ADDRESS AT THE SWEARING-IN OF MINISTERS OF STATE AND PARLIAMENTARY SECRETARIES BY PRIME MINISTER HON. BRUCE GOLDING

first_imgADDRESS AT THE SWEARING-IN OF MINISTERS OF STATE AND PARLIAMENTARY SECRETARIES BY PRIME MINISTER HON. BRUCE GOLDING UncategorizedSeptember 28, 2007 FacebookTwitterWhatsAppEmail Your Excellencies the Most Hon Professor Kenneth Hall, the Most Hon. Mrs. Hall, Members of the Cabinet, Ministers, Parliamentary Secretaries, Members of the Privy Council, ladies and gentlemen. I wanted to first of all express my thanks to the Governor General for allowing me to disturb him yet once again, and to assure him that I shall disturb him no more. But to thank him for having opened the door of his residence, to enable us to witness the swearing-in of Ministers of State and Parliamentary Secretaries, Those are requirements of the constitution. What is not a requirement but something that he has given so effusively is the graciousness with which he has conducted all of these ceremonies.The swearing-in today of the Ministers of State and the Parliamentary Secretaries, concludes the installation of the new government. The transition is now completed. We still have the composition of parliament to complete, and of the 13 senators that I am provided in the constitution to nominate, seven have so far been nominated. They occupied positions either in cabinet, as Ministers of State or Parliamentary Secretaries. I will be advising His Excellency of my nomination of the remaining six positions in the Senate before the end of this week. I hope that as soon as all of the legal requirements are fulfilled, that the Governor-General will be in a position to issue a proclamation summoning the new Parliament because we have much work to do. And I am anxious that we get on with the work of the people.The Ministers of State and Parliamentary Secretaries, who have been appointed today, have been appointed to assist the respective Ministers in the carrying out of their functions, in the discharge of their duties in the various ministries. Some of them have already been advised of the clearly defined assignments that they are being given. Certainly within the Office of the Prime Minister, there will be three Ministers of State. Mr. Robert Montague, who has tremendous experience in Local Government and is in fact the Chairman of the Commonwealth Local Government body, will be given specific responsibility to expedite, to fast track, to bring to conclusion this on-ending process of local government reform.When we spend such a long time, 30 years reforming something, we may find ourselves in the invidious position where we will then need to reform the reforms that we have reformed. And I want this process to be brought to fruition for us to deliver on our commitment to establish an autonomous local government system that is accountable, that is efficient and that is committed to delivering service to people at the local level where that service is so critical to their daily lives.We had given a commitment, it was part of the platform on which we campaigned, that we were determined to improve the effectiveness of political representation.Better rights to Members of Parliament and especially.greater authority to the Opposition in Parliament. This is on the Parliamentary side.But we are equally committed to strengthening the effectiveness of representation in the constituencies themselves. I have always shared the frustration of Members of Parliament on both sides of the aisle, that they spend so much time campaigning, seeking to win the confidence of the people and in the process of that, being informed by the people as to what their needs were, what their priorities are, then having been elected find themselves impotent, sterile, incapable of responding to the needs that the people have so passionately brought to their attention.I have always had a difficulty with a system where Ministers were not necessarily elected by the people in a particular constituency. But Ministers are the ones who have the power to decide which road is to be repaired, which water supply system is to be improved, which projects are to be undertaken in the constituency. The difficulty with that is that that Minister is not accountable to those people, those people hold accountable the Member of Parliament that they elected. But the Member of Parliament throws up his hands in the air and said I can’t do anything. I have appealed to the Minister and I have got no response. I am determined, that we have to change that, because that is the only way we are going to be able to redeem the faith and confidence of the people in the power of their vote, in knowing that when you vote you are voting for something, and when that something is not delivered there is somebody that you can effectively hold accountable.And therefore we gave a commitment that we are going to set aside two and half per cent of the budget to be allocated equally among all 60 constituencies.There is going to be no differentiation between those constituencies represented by the JLP or those represented by the PNP. And those funds are to be used to finance projects in the various constituencies in which the Member of Parliament, whom the people elected, will have some say and some influence in determining.But I want to make it clear, this is not a slush fund, this is not going to be a pork barrel. It is going to be subjected to the most stringent scrutiny and auditing requirements. The government’s transactions are audited on a random basis, where the Auditor General will identify a particular department that he will decide to audit in a particular year.There is no year in which the Auditor General is ever able to audit as much as ten per cent of government transactions. So what the Auditor General does and report to Parliament on is a sample audit.In the case of this two and a half per cent, which is going to finance the constituency development fund, we are going to require that it be audited 100 per cent. Every penny of that fund must be accounted for.It is not going to be there for MPs to do as they like. We are not going to allow MPs to travel around with a pencil behind their ears, penciling out this money as they go along. We are going to require each MP to prepare and submit to Parliament by the end of this fiscal year, 31st March, a proposed constituency development plan for their constituency for the next five years. We are going to make available to them all of the technical resources of government, whether it involves engineering, whether it involves social work practitioners, whatever are the areas they established as priorities, we will make available the resources to help them to develop that plan and to deliver it before the 31st of March.Once that plan is approved, then that is the plan to which these funds will each year be committed. It will not be entirely new funds. Some of the funds will represent funds that Ministers now have the discretion or have up to now had the discretion to spend as they please. We are going to re-allocate those funds to the constituency development fund so that the people’s representatives, the MPs not the Minister, can have some say in the selection of priorities in their constituencies.This programme is going to require a lot of work because it’s brand new. I am going to be meeting this week with the relevant government agencies that are going to be involved in the planning and the vetting and the guidance that this plan will require. But it is going to require somebody at the political directorate level, to drive it, to make sure that those that are at the constituency level who are involved in preparing the submission, understand what is required, to ensure that we lay out the proper guidelines as to the kinds of projects, that can be financed under this plan and for that reason I will be assigning specific responsibility for the constituency development programme to be financed from this fund to Mrs. Shahine Robinson, the Member of Parliament for North East St. Ann.I have assigned Mr. Daryl Vaz to the Office of the Prime Minister for a very specific reason. One of the great areas of failing in government and governance is the failure to efficiently implement projects, the failure to complete projects on-time, the enormous overruns that we encounter sometimes with these projects. Another major area has to do with the quality of service that government delivers to the people. There are some areas that have shown improvement, but there are still some areas where the quality of service is shoddy and the people are being short changed. Daryl Vaz will have specific responsibility to monitor and report to me on project implementation, and on service delivery throughout the entire government system.As regards the other Ministers of State and Parliamentary Secretaries, their specific assignments will be subject to discussion with their respective Ministers and ultimately to be approved by me. And I will allow then have sufficient time for those consultations before those specific assignments are established.But to indicate the Ministries in which they will be working, Senator Arthur Williams will be assigned as Minister of State in the Ministry of National Security; Mr. J.C Huthchinson, MP, will be assigned to the Ministry of Agriculture; Mr. Laurie Broderick, will be assigned to the Ministry of Mining, Energy and Telecommunications; Mr. Michael Stern, to the Ministry of Industry, Commerce and Investments; Mr. Everald Warmington, will be assigned to the Ministry of Water and Housing; Mr. Joseph Hibbert, will be assigned to the Ministry of Transport and Works. A Ministry in which he once held the position of Chief Technical Director, he goes back there now in a different capacity.Dr. Ronald Robinson will be assigned Minister of State in the Ministry of Foreign Affairs and Foreign Trade. And regarding the Parliamentary Secretaries, Mr. Aundre Franklyn will be assigned to the Ministry of Health and Mr. Warren Newby will be assigned to the Ministry of Information, Culture, Youth and Sports.Again, in the selection of what are generally referred to as Junior Ministers, I have sought to ensure a blend of the wisdom that comes from experience and the energy and creativity that come from young minds.I want to stress, that what is required of us is team effort. We went into the election united. We were a team. We sought the people’s trust and confidence as a team and we were given a mandate as a team. We must ensure that in the work that we do as members of the political executive, that we approach that work as a team. A house that is divided against itself cannot stand. And I expect each of you to enable me to give the country at all times the assurance that this house will never be divided.I told the Cabinet Ministers at their own swearing-in that there will be no honeymoon, and hope you understand that there will be no honeymoon for you either. You have been warned of sleepless nights. We expect to have sleepless nights, because I expect that you are going to be working night and day to deal with the problems that confront this country and therefore it is going to rob you of some of the sleep that you normally get at night.We have been told that we are going to be visited by a nightmare; we already are wrestling with that nightmare. We come to government, inheriting a debt of almost a trillion dollars. That is an enormous nightmare. When we left office in 1989, that debt was $38 billion. Today it is almost a thousand billion dollars. We have a nightmare.We have a crime rate in which the murder total this year, if it continues on the same trajectory is likely to be in excess of 1300. When we left office the murder toll at that time which was to our mind a crisis was 413, we have a nightmare in crime. And therefore, be prepared for the sleepless nights, because these are not problems that are of such a nature that they are going to be able to be solved working normal sedate 8-hour shifts. You are going to have to work through the nights and you are going to lose some sleep. But be not afraid of any other sleepless night or any other nightmare, those we have the capacity to respond to and to deal with.I am advised that I had omitted to indicate the specific ministerial assignment of Mr. Andrew Gallimore. Just to advise that he will be working with Minister Pearnel Charles as Minister of State in the Ministry of Labour and Social Security.The country expects of us hard work. This country has grown very critical of politicians and of the practice of politics. The have grown very cynical, they demand a great deal, they expect very little and they are harsh in their criticisms and condemnations when in the very little that they expect fails to be delivered. We need to understand that part of our challenge is to redeem the practice of politics, to let the people of Jamaica understand that politicians can mean what they say. That politicians can be true to the commitments that they made, and that politicians can dedicate themselves to fulfilling the mandate that they have been given.I ask all of you, all of you, at all times, to be truthful to the people of Jamaica. If unpleasant news is what represents the truth, be truthful to the people of Jamaica. It is the first building block of the trust that we must engender. I ask you to, at all times, to remember, as I said at my own swearing-in we are public servants, that is our first calling to serve the people of Jamaica.There is going to be no place in the utterances that we make, in the conduct that we demonstrate, in the decisions that we take, there is going to be no place for arrogance, no place for pomposity. I ask you to remember that the power that we will exercise does no belong to us, it belongs to the people and it can never be transferred from the people; the people have placed it in our hands, simply for us to exercise that power on their behalf, in their interests and in their name. But at all times remember it is not our power, it is the power that belongs to the people and it is to the people and for the people’s benefit and welfare that that power must be dedicated.Thank you very much. RelatedADDRESS AT THE SWEARING-IN OF MINISTERS OF STATE AND PARLIAMENTARY SECRETARIES BY PRIME MINISTER HON. 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