Delivering his department’s budget vote in Parliament in Cape Town on Tuesday, Patel said the new growth path would include a focus on manufacturing, infrastructure development, rural development and agro-processing, and the “green” economy. “We call this the development of a new growth path,” he said. The recession took a heavy toll on South Africa’s economy, with some 870 000 people losing their jobs in 2009 and households suffering from falling incomes and high levels of debt. The domestic economy contracted by an estimated 1.8% in 2009 as a result of a decline in consumption spending and weak investment growth. “The central ideas in the developmental growth path are to enhance the labour absorbing capacity of the economy … and to find ways to connect knowledge and innovation to the challenge of jobs and growth,” Patel said. Patel further announced the formation of a special ministerial advisory panel, which he said will serve as an ideas forum. “I am pleased to announce that we have made good progress in establishing the panel since my announcement of the idea some two weeks ago here in Parliament.” Patel said recovering the jobs lost in 2009 would require a major improvement in the employment performance of the economy, with a focus on decent work opportunities and “better social outcomes”. Discussions had been held with companies, industry associations and organised labour on matters such as the exchange rate, industrial policy and trade policy. Reforms to encourage employment 24 March 2010 Patel said an important policy focus for his department would be the creation of sustainable livelihoods and addressing the challenge of enterprises in the informal or “second economy”, adding that the government would also be looking at ways to improve the performance and impact of public institutions that were vital to economic development. The South African government has identified several sectors with the potential to create new jobs as the country embarks on a shift to a more labour-absorptive economy, says Economic Development Minister Ebrahim Patel. Advisory panel Source: BuaNews “What started as a financial crisis rapidly spread to the real economy and impacted on jobs,” Patel said. “Real GDP fell by 1.8% in 2009 but is expected to start growing to 2.3% this year, rising to 3.6% in 2011.” He added that the new growth path, aimed at stepping up the fight against poverty and unemployment in South Africa, would recognise the crucial role of the private sector in creating new jobs. While South Africa’s economy had started to show signs of recovery, Patel conceded that regulatory reforms that encouraged employment were needed.
Justin Bieber, over the weekend, became the first recording artist in Make-A-Wish history to grant 200 wishes to children with life-threatening medical conditions.He joins only 4 other celebrities to have reached that milestone since Make-A-Wish was founded in 1980.Bieber’s 200th wish occurred during his last stop on the Believe Tour this past Saturday at Atlanta’s Philips Arena when he met 8-year-old Annalysha. Bieber spent time backstage with Annalysha where she received VIP treatment during the concert as part of her wish to meet him.Bieber’s involvement with Make-A-Wish started in 2009 in Los Angeles when he granted his first wish. Since then, he has granted a wish at nearly every tour stop where he visits with wish kids and their families, takes photographs and signs autographs before they attend his concert. The tickets, which provide the wish kids and their families prime seating, are generously purchased by Bieber.In addition to Bieber’s wish granting efforts, he has made significant contributions to the organization. In 2012, he earmarked Make-A-Wish as a charity of choice for his Believe Campaign and donated a portion of proceeds from sales of his Christmas album as well as perfume sales during the holiday season.“Despite his relentless schedule, Justin has been genuinely committed to granting wishes since the very beginning and a strong supporter of Make-A-Wish,” said David Williams, president and CEO of Make-A-Wish America. “Justin understands the impact on a child of a wish-come-true and how it can create positive changes in their outlook, help them feel better, and even influence their health.”In 2011, Make-A-Wish presented Bieber with the Chris Greicius Celebrity Award, one of the most prestigious awards the organization gives out each year. As his popularity continues, Bieber and his team will continue to create smiles and life-changing memories in the months and years to come as there are many more wish kids scheduled to meet him in the future.
Singer-songwriter Shawn Mendes has announced that he exceeded his goal to raise $25,000 through his Represent Campaign to benefit Pencils of Promise (PoP).The “STITCHES” singer, launched his #BuildASchoolWithShawn campaign on October 14, sparking a worldwide trend on Twitter. He has now hit 164% of his fundraising goal to build a school in rural Ghana with the non-profit education organization. Shawn funded 98% of his campaign after just one social media post, showcasing not only the power of his fans and community, but also how young people can affect and fuel social change.Shawn, who was recently named one of TIME Magazine’s 30 Most Influential Teens, winner of Choice Male Web Star at this year’s Teen Choice Awards, as well as winner of Best New Act and Best Push at this year’s MTV European Music Awards, raised funds through an innovative Represent Campaign allowing fans to purchase exclusive merchandise with proceeds benefiting Pencils of Promise.“Shawn has been an amazing partner to Pencils of Promise,” says PoP Director of Marketing Natalie Ebel. “For so many children, a PoP school is the safest most sound structure in their community and Shawn is helping to give more deserving children a safe learning environment.”Shawn was deeply inspired by the campaign and looks forward to continuing to build more schools with Pencils of Promise in the future.“I’m so excited we were able to raise enough funds to build a school for the kids in Shia, Ghana,” said Shawn. “This means the world to me that my fans joined me and supported such an amazing cause.”PoP was founded in 2008 with the goal of increasing quality education for children in the developing world. Since inception, the organization has built over 300 schools and educated more than 30,000 students.
Having not won a major in six years could be a reason Tiger Woods is considering changing his pre-Masters preparation.Woods shot a 71 in the first round of the Honda Classic Thursday and afterward said he could alter his playing schedule or the way he prepares for the year’s first major in April at Augusta National.“It could be all of the above,” he said to ESPN.After the Honda Classic, Woods is scheduled to defend his titles at next week’s WGC-Cadillac Championship at Doral and the Arnold Palmer Invitational in three weeks, giving him two tournament weeks off prior to the Masters, which begins April 10.“Still looking into that, yeah,” Woods said of his preparation. “Still looking to possibly make some changes going in there.”Woods being Woods, he did not elaborate on the potential changes.He skipped last week’s WGC-Accenture Match Play Championship, and his 1-over 71 at PGA National on Thursday was just his eighth official round of 2014. He missed the secondary 54-hole cut at the Farmers Insurance Open and also played the Dubai Desert Classic.The only tournaments he could add are the Valspar Championship in two weeks at Innisbrook, near Tampa, Fla.; the Valero Texas Open in San Antonio, which follows Palmer’s tournament; or the Shell Houston Open, which is played the week before the Masters.To play near Tampa would mean competing four straight weeks, something Woods rarely does; he has not played the San Antonio event since first turning pro in 1996; and Woods has never played the Houston Open or the week prior to the Masters as a pro.
Indian stock markets on Friday could well reverse the massive losses of the previous day caused by expectations of an interest rate hike by the US Fed Reserve that saw the benchmark indices — BSE Sensex and NSE Nifty — plunge 1.56 per cent. The two triggers that could lead to a rally are September retail inflation data and upbeat TCS results for September quarter.Retail inflation in September improved to a 13-month low of 4.31 per cent from 5.05 per cent in the previous month. Food price inflation, the main contributor to overall inflation in the past few months, declined to 3.88 per cent during the month from 5.91 per cent in August. Analysts view this as not only positive, but also raising the scope for another rate cut of 25 basis points.Secondly, Tata Consultancy Services (TCS), India’s largest software services exporter, posted decent growth in consolidated net profit and revenues for the September quarter on a year-on-year (YoY) basis.While net profit rose 8.4 per cent to Rs. 6,603 crore, revenues were up 7.8 per cent to Rs. 29,284 crore. The company also declared interim dividend of Rs. 6.50 per equity share.These two factors could well reverse the drastic fall of Thursday when the BSE Sensex closed 440 points, or 1.56 per cent lower, at 27,643, while the NSE Nifty ended the day at 8,573, down 135 points.On Thursday, TCS shares closed 2.17 per cent lower at Rs. 2,328.50 apiece, while Infosys gained 2.14 per cent to end at Rs. 1,052.05.However, Q2 results of Infosys would influence market sentiments on Friday. The Bengaluru-based IT software services exporter had already hinted at a possible downward revision of revenue guidance for the year.On July 15, the company, while declaring its Q1 results, had lowered its FY2017 revenue guidance to 10.5-12 per cent from 11.5-13.5 per cent earlier, triggering a 10 per cent fall in share price.In September, Vishal Sikka, CEO of Infosys, had hinted at another downward revision triggered by factors such as Brexit.”What I could say is that we see that our Q2 growth is going to be higher than the Q1 growth, but we do see risks that would get us towards a territory of downward revision of guidance because the atmosphere during the course of Q2 has worsened compared to what we saw in the beginning of Q2. And you see the example of RBS, it is one such example,” told analysts during a call last month.The company’s June 2016 quarter consolidated net profit was $511 million on revenues of $2,501 million, translating into revenue growth of 10.9 per cent on a year-on-year (YoY) basis and 12.1 per cent in constant currency terms. The operating margin came at 24.1 per cent.
Iqbal MahmoodIn an effort to put his own house in order, chairman of the Anti-Corruption Commission (ACC) Iqbal Mahmood on Thursday warned its officials that no irregularity, nepotism, partiality and laxity will be tolerated in investigation into any complaint, reports UNB.He came up with the warning while addressing an urgent meeting with directors of all ACC divisional offices, deputy directors of all district coordinated offices, and secretary, director general and directors of the head office on how to ensure more transparency and accountability in the process of investigation and enquiry.”Every officer will be dearer to us as long as you carry out your duties honestly and transparently,” the ACC chairman said. “No mercy will be shown to those who will fail to fulfill the duties.”Talking about the timeline of enquiry, he said, “From now on, those who will fail to follow the timeline should switch to another institution as the ACC rules allow this.”Expressing his dismay over the delay in enquiry in the name of queries, Iqbal Mahmood said this will not be allowed from now on. “No query can be given without the approval of the commission. We’re trying our best to make this organisation a symbol of people’s confidence. We can’t allow that the image of the institution is tarnished for negligence and authoritarianism of anyone.”Mentioning that there were allegations of rude behaviour against some officials, he urged them to behave well with people. “Be careful of your behaviour and responsibility.”ACC commissioner Mozammel Haque Khan said the legal mandate of the commission will be implemented. “So, any rude behaviour is not desirable. If you respect the law, you can’t be arrogant,” he said.
Larry Young, former Maryland State Senator and current host of “The Larry Young Morning Show,” was named one of the 100 most important talk show hosts in the country by industry bible “Talkers Magazine.” His show is heard Monday through Friday on WOLB 1010 AM from 6 a.m. to 9:45 a.m. According to the magazine, Young is ranked 45 out of 100. Young was first named to the list in 2007 as number 99 and has steadily moved up the ranks year in and year out.Larry Young, former Maryland State Senator and current host of “The Larry Young Morning Show. (Courtesy Photo)
“Humans tend to try to establish a rank hierarchy. When you’re in high school, it’s a very limited arena in which you can establish your rank, and climbing the social ladder to be on top is one of the main ways… Bullying is a tool you can use to get there,” lead researcher Jennifer Wong, a professor of criminology, was quoted as saying by National Post.Researchers at Simon Fraser University surveyed a group of Vancouver high school students and got the results which oppose earlier assumptions about bullies. Also Read – ‘Playing Jojo was emotionally exhausting’Also, bullying is in the genes and not something learnt outside, the researchers said.“Most anti-bullying programmes try to change the behaviour of bullies… and they usually don’t work, That’s probably because the behaviour is biologically hard-wired, not learned,” Wong said.Wong and student Jun-Bin Koh surveyed 135 teenagers from a Vancouver high school. A standard questionnaire — asking things like how often they were “hit, kicked or shoved” — divided the students into the categories of
“I thought that narcissists, given that they are impulsive and have high opinions of themselves, would take bigger risks. That is what other research would have suggested,” said study lead author Amy Brunell, associate professor of psychology at The Ohio State University at Mansfield, US.“But any association between narcissism and risk-taking that we found was very small and essentially meaningless,” Brunell noted. One explanation for the discrepancy may be the fact that many of the studies linking narcissism and risk-taking were based on self-reports: Essentially, narcissists saying that they took risks in certain situations. Also Read – ‘Playing Jojo was emotionally exhausting’But self-reports may not be the best way to measure risk-taking for this group, Brunell said, “When they are asked, narcissists may brag about taking big risks because they are showing off,” she said. “But their own behaviour in our experiments does not support their claims about being risk-takers,” she pointed out.The researchers conducted three experiments involving a total of 936 undergraduate students. They looked specifically at three narcissistic traits such as grandiosity, entitlement and exploitativeness — to determine if any of them might have links to risky decision-making. Also Read – Leslie doing new comedy special with NetflixParticipants completed a variety of decision-making tasks to measure risk-taking. In one task, the students played a computer game in which they pumped up 30 balloons, earning five cents for each pump until they decided to stop. But if the balloon popped, they lost all the money.In these and other tasks, the researchers wanted to know how much people who score high on narcissism were willing to risk compared to those who scored lower. The results appeared online in the Journal of Behavioral Decision Making.
<< Previous PostNext Post >> LONDON — British Airways and Iberia bookings made through indirect channels including GDSs will be hit with a £8 (approx. Cdn$14) surcharge effective Nov. 1. British Airways’ New York office has confirmed that the surcharge is effective worldwide.The announcement from BA’s parent company IAG comes two years after the Lufthansa Group implemented a 16 euro surcharge on GDS bookings, a move that was widely criticized by travel agent groups.In March 2017 Lufthansa CEO Carsten Spohr said he would be “very surprised” if other airlines didn’t bring in surcharges similar to Lufthansa’s. Spohr added that the surcharge, a direct hit to the bottom line for GDS parent companies including Sabre, Amadeus and Travelport, had been a major win for the Lufthansa Group since it was introduced in 2015.Lufthansa has since negotiated direct booking arrangements with major travel agency chains. The share of direct bookings at Lufthansa’s network airlines “has continually increased” while direct booking negotiations with travel agencies and other customers “are delivering a steady stream of success.”More news: Onex paying big to get WestJet and that will send airfares soaring, says CWTIt’s the GDSs that have taken the hit with Lufthansa’s surcharge, and share prices for all three dropped when the British Airways and Iberia announcement was made.Both British Airways and Iberia have made big investments in IATA’s New Distribution Capability (NDC) and both airlines say they will not levy the surcharge on GDS bookings that have NDC-approved connections. IATA’s NDC, in the works now for several years, aims to standardize how airfares are sold through travel agencies worldwide, taking into account all the ancillaries airlines now break out from their base fares and sell as add-ons, from seat selection fees to baggage fees.The BA and Iberia surcharges will apply to bookings not made through the airlines’ own websites or direct sales channels.“We will continue to work with the GDS providers to distribute our content to valued agency partners via existing solutions. However these systems and their traditional technology solutions currently carry significantly greater costs to BA and IB,” said the airlines.More news: Air Canada’s global sales update includes Managing Director, Canada & USA SalesGDSs including Sabre and Amadeus say they have been in discussions with IAG. Tuesday, May 30, 2017 Posted by British Airways, Iberia follow Lufthansa with surcharge for GDS bookings Tags: British Airways, GDS, Iberia, Lufthansa Share Travelweek Group