New Cenkos appointment is second female chair of a UK stockbroker

first_img New Cenkos appointment is second female chair of a UK stockbroker Tuesday 18 February 2020 11:54 am Gordon was the youngest woman to be made director of a listed company when she joined the board of media group Chrysalis at the age of 28. Shares in Cenkos were up more than 5 per cent at 11.45am. There are fewer new job opportunities in London than anywhere else in the country, new figures have today shown. Share It marks the second time in less than a year that a female has been appointed to a chairman role at a stockbroker in the UK. Last January Lorna Tilbian was named as City broker Dowgate Capital’s new chair. There are fewer new job opportunities in London than anywhere else in the country, new figures have today shown. Also Read: New Cenkos appointment is second female chair of a UK stockbroker She is currently a non-executive director of Aim-listed Alpha FX Group and artificial intelligence business Albert Technologies. Show Comments ▼ Cenkos has today announced the appointment of Lisa Gordon as its new chairman, the second female to be appointed as chair of a UK stockbroker. The stockbroker added that despite concerns around Brexit and the election, the latter part of the year saw an improvement in revenues. Angharad Carrick The news coincided with a positive trading update for the firm as a strong 2019 represented 15 years of unbroken full-year profitability. Added to that, a strong pipeline of IPOs and secondary fundraisings are expected into 2020, with an expectation of a final dividend pay-out for 2019 when it releases its results next month. There are fewer new job opportunities in London than anywhere else in the country, new figures have today shown. Also Read: New Cenkos appointment is second female chair of a UK stockbroker Chief executive Jim Durkin said: “With levels of new issues and IPos for growth companies being at an unprecedented low in 2019, it is estament to the quality of our staff and the strength of our model that we were able to maintain our record of having been profitable every year since incorporation.” Following on from the firm’s interim results released last September, Cenkos has not been immune to the challenging market conditions that persisted throughout 2019. Cenkos implemented steps to reduce its cost base, incurring approximately £1.4m of restructuring costs, in response to the unfavourable market backdrop. Its annual fixed cost base today is anticipated to be more than £3m lower than in 2019. whatsapp “Market conditions may still be impacted by factors outside our control but we have started 2020 well and we look forward to the year ahead.” whatsapp last_img read more


Lights, Cameras, Accountability: State Legislatures on TV

first_imgState GovernmentLights, Cameras, Accountability: State Legislatures on TVMarch 21, 2016 by Rebecca Beitsch, Stateline Share:Former Gov. Chris Gregoire on Washington’s public affairs network, TVW, signing a bill dealing with police profiling of motorcyclists. At least 20 states have channels that offer coverage of state government. APIn Kentucky, state lawmakers will consider in coming days whether to make tuition at community colleges free. In Connecticut, they’ll look at laying off 3,000 state workers to cover a $200 million budget deficit. In Arizona, they will debate scrapping presidential preference primaries. And in those states, people can watch the debates unfold on television — sometimes to the chagrin of lawmakers.They are among the 20 or so states that have their own public affairs networks that broadcast state legislative proceedings in a fashion similar to C-SPAN’s broadcasts from the U.S. House and Senate. The programming — mostly committee hearings, live gavel-to-gavel floor debate and votes — is on cable and public access channels underwritten by taxpayers or cable companies, usually at a cost of about $3 million to $5 million a year in each state.The coverage is designed to lift the veil on how laws are made, how taxes are raised and spent, and how viewers’ elected representatives are voting.“The hope is that making these hearings public makes government and legislators more accountable and leaves the public more informed and with a better understanding of the process itself,” said Michael Delli Carpini, dean of the University of Pennsylvania’s Annenberg School for Communication.Unlike C-SPAN, the viewership of state legislative proceedings isn’t large, a maximum of a few million in some states compared to the 47 million who say they watch C-SPAN at least once a week.Though the channels’ audiences may be small, they are potentially significant.If they are anything like C-SPAN’s, the viewers are influential, said Steve Frantzich, a political science professor at the U.S. Naval Academy who has studied C-SPAN. Lobbyists and government workers tune in; but people who watch are more likely to vote and donate to campaigns.The transparency the networks provide doesn’t come without conflict — over funding, what should be shown, and how lawmakers should behave when the cameras are rolling. Some legislators are hesitant to be in the glare of the camera, and securing funding leaves some networks at their mercy.Most state channels started in the 1990s, offering a feed of floor action. Viewers now have more government programming to watch and more ways to watch it. Even with just one TV channel, many stations are able to broadcast hearings, news conferences, and coverage of the executive and judicial branches by streaming them online.Such intense coverage can mean clips are picked up in other media, leading to the occasional viral video or dispute.After Florida Republican Gov. Rick Scott blocked state employees from using the terms global warming or climate change, the state’s public affairs network captured the state’s emergency management director trying to avoid using them under questioning by a legislator. Both awkward and funny, the clip made the rounds on late night talk shows.In Ohio, where the channel is funded with state money, a legislator’s comments on an abortion bill were edited and then posted to YouTube by an advocacy group. Although the channel owned the rights to the original video and asked that the clip be taken down, YouTube refused, citing fair use policies.Working with LegislatorsInstances like those can lead to conflict over how much legislative action should be broadcast, jeopardizing transparency and endangering funding for channels that are often paid for with tax dollars appropriated by the lawmakers.“I want to have as much televised as possible,” said Ohio state Rep. Jim Buchy, a Republican. “The more people have a chance to watch their government in action, the better it gets. But the converse is true: The less coverage government gets, the worse it gets.”But Ohio is a state where lawmakers have limited the broadcasts to floor sessions and coverage of the House’s and the Senate’s finance committees. Before the flap over the YouTube video, the channel’s executive director, Dan Shellenbarger, thought he had convinced lawmakers to expand coverage to more committee hearings. The plans were scrapped.Shellenbarger, who had spent 18 years trying to convince Ohio lawmakers to expand coverage, said the use of the footage for political motives is a problem that channels in other states struggle with, too.“Across the nation we’re grappling with how our video can be misused, and there is always the concern of it ending up in a campaign video,” he said. “We don’t want the resources, time and money we put into the feed to be used for political gain. Ohio is still struggling with that.”In many states, the channels have a policy of not allowing their footage to be used in campaign commercials or attack ads. In the case of Florida, it’s the law.Unlike unfettered journalism, the channels in some states are restricted in what they can show viewers. In Washington, for example, the Legislature has a memorandum of understanding with the state channel. It requires that cameras focus only on legislators who have been recognized to speak on the floor and does not permit reaction shots of other legislators. The sessions must be broadcast unedited.A former director of TVW, Washington state’s channel, resigned after it covered a Democratic Party event designed to look like a legislative hearing, upsetting Republican members. The network had been trying to get new equipment at the time. The resignation cleared the way for things to settle and the station was able to get its funding.Different Funding SourcesChannels must maintain a good relationship with legislators whether they are funded by them or by cable companies. The legislators ultimately determine access. But where the money comes from can also affect the programming.“We can ask any question we want because we’re not paid by them,” said Brian Lockman, president of the Pennsylvania Cable Network, funded largely by cable subscribers. But he said keeping the channel going also means running some infomercials and local sports.The Connecticut Network’s director, Paul Giguere, is currently trying to switch from state to cable funding, something that would allow the channel to expand its coverage of government while saving the state $3 million a year, the amount it currently pays to support the channel. Despite Connecticut’s budget problems, the idea has not been an easy sell. State Sen. Steve Cassano, who is handling the bill, said cable companies oppose the change because they don’t want to pay for a service that many will access online.Despite problems with expanding coverage, Ohio’s Shellenbarger said he’s happy to be funded by the state.“More people are unplugging their cable boxes and going to the Internet,” he said. “But we’re the archive for the state, and we’re expected to maintain that forever.”Impact on DemocracySome lawmakers are concerned about how being on television affects members’ behavior and lawmaking.In West Virginia, where the Legislature is being broadcast for the first time this year, on theWest Virginia Channel, lawmakers are speaking up more. They want to isolate the clips from the channel’s website and post them to their own social media pages, said state Sen. Chris Walters, a Republican.“Now the process is more transparent, but we’re also engaging with people more because when we share a video, people comment on it,” Walters said. “We get so much feedback — both positive and negative.”Being on TV affects how business is conducted on the floor, according to the West Virginia Republican majority leader in the House, Daryl Cowles.“We’ve got some more unique parliamentary procedures being used,” Cowles said. “We’ve had a bill read in its entirety, which we almost never do. We’ve had people use the opportunity to explain their votes afterward. We had someone try to discharge a bill from committee and bring it straight to the floor.”Showboating for the camera is one reason many Ohio lawmakers are reluctant to expand coverage to all committees. Another is just a reluctance to have all the lawmaking on TV.“Some folks don’t want people to see the man behind the curtains,” said state Sen. Frank LaRose, a Republican. “But I disagree because we work for Ohioans. Our entire political system relies on informed people who want to hold elected officials accountable.”Read original article – March 14, 2016Share this story:last_img read more


COVID-19 concerns prompt cancellation of fall high school state championships

first_imgCoronavirus | Education | SportsCOVID-19 concerns prompt cancellation of fall high school state championshipsOctober 14, 2020 by Tegan Hanlon, Alaska Public Media Share:The Bartlett High School Golden Bears face off against the Chugiak Mustangs at Mulcahey Field in Anchorage for the 2017 state football semi-final. (Casey Grove/Alaska Public Media)The Alaska School Activities Association has canceled this year’s state championship events for all fall high school sports and activities because of a rising number of COVID-19 infections in Anchorage and other parts of the state.ASAA announced the decision on Tuesday. It applies to football, swimming and diving, gymnastics, rifle, music, eSports, drama, debate and forensics and volleyball, said a statement from the association.All other activities are postponed until the association adopts a revised calendar, said Billy Strickland, the association’s executive director. That includes cross-country skiing, hockey and basketball.Strickland said the association consulted with local and state health officials and considered the current number of coronavirus cases, projections for later this year and the impact of travel during the holiday season.“Taking away those state championship events is not something that’s done lightly,” he said.But, he said, when weighing the state of the pandemic in Alaska and the upcoming holiday season, “the decision itself seemed pretty obvious.”“But that doesn’t mean it’s not hard,” Strickland said.The association said regions can hold their regional championships if they’re able to do so before Nov. 22. State championships were held last weekend for cross-country running and tennis.The cancellations of the other events come days after Anchorage health officials identified a cluster of infections tied to a youth hockey tournament in the city and asked the 300 people in attendance to quarantine.Share this story:last_img read more


UK needs to raise interest rates now, says Bank of England policymaker Ian McCafferty

first_img whatsapp A senior Bank of England (BoE) policymaker has said the UK should begin raising interest rates now, despite low inflation.  Ian McCafferty is one of just two members of the bank’s Monetary Policy Committee (MPC) to have voted in favour of rate hikes since August. The seven other members warned against a “premature” tightening of monetary policy, according to minutes from the BoE’s October policy meeting. They cited inflation pressure at home and an economic slowdown in the eurozone – Britain’s most important export market – as reasons to keep interest rates at their current level of 0.5 per cent.  The Bank of England cut interest rates to this record low at the height of the financial crisis in 2009, and has kept them there ever since.  But British inflation is now at a five-year low of 1.2 per cent, which is below the BoE target of two per cent. This led to speculation that McCafferty might change his position on interest rates, but his column in The Sunday Times this morning indicates that he still believes interest rates should be raised.  He predicts “a more moderate pace of growth over the winter” as the economy is hit by the eurozone slowdown, but warns that spare capacity will continue to be used up. If interest rates are kept at their current levels, he explains, the “remaining level of slack is likely to be small, if any remains at all” by the middle of next year. He adds that a fall in inflation has been driven mainly by lower commodity prices ans a strengthening of the sterling, leading to cheaper imports: “In inflation terms, these are one-off effects and, as with the inflation overshoot in 2011-12, there are good reasons to look through their impact, at least partly. “Starting to raise Bank rate now makes it more likely that the increase required over coming years to deliver our inflation target can be kept gradual and limited.”  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health Show Comments ▼ Sunday 26 October 2014 10:50 am Sarah Spickernell whatsapp UK needs to raise interest rates now, says Bank of England policymaker Ian McCafferty Share Tags: Bank of England UK interest rateslast_img read more


Britain’s “making” revolution could solve our productivity puzzle

first_img Share whatsapp Catherine Neilan whatsapp It is now indisputable that the UK’s, and in particular London’s, economic recovery are well underway. But as Mark Carney, governor of the Bank of England, has rightly pointed out, challenges remain, and the most important of these is productivity. Contrary to popular assertions, productivity in the UK economy remains quite high in comparison to most countries. But it simply and stubbornly is not growing in the manner you would expect from a well-balanced, healthy economic recovery.  As such, the biggest and most perplexing question facing policymakers and business in the UK today is where exactly is this increase in productivity going to come from? The answer lies not in a narrow focus on a specific sector. Instead, a significant and indeed disproportionate growth in productivity can result from those emerging SMEs and established companies, which are pioneering and embracing new technologies, and driving cross-sectoral innovation.  These people can be efficiently characterised as the makers: a new generation of internet-savvy industrialists for whom innovation, disruption and imagination is in their DNA.  Crucially, according to ground-breaking research we commissioned, the productivity of makers is over 50 per cent more than the average UK worker. As the RSA also pointed out last week, SMEs are outperforming larger performers in the majority of the UK economy’s sectors.  Making in itself is not a new phenomenon. It is something the UK has been doing for hundreds of years. It is an ethos and culture that has been the driving force behind the Industrial Revolution that transformed the world. But it is also something that in its traditional form has steadily declined in the UK, as the relentless pace of globalisation has led UK companies to outsource manufacturing and production to China and beyond. Yet the making revolution that has been taking place throughout the UK, and in particular London, over the past few years, is a potential game-changer. It has the potential not only to reverse the outsourcing trend, but also to go a long way to resolving the productivity conundrum, and ensure the UK remains at the forefront of global innovation for decades to come. The internet and rapid advances in technology have drastically reduced the barriers to innovative ideas becoming prototypes and physical products at lightning speed. All designed, developed, manufactured and produced, within the UK. No longer does the default have to be offshore manufacturing, nor should cost or access to technology and equipment be a barrier to SMEs developing their ideas into products that could quite literally change the world. These activities are already contributing up to £18bn in Gross Value Added to the UK economy, and nearly 300,000 jobs. In London alone, the figures are nearly £2bn and 30,000 jobs. The making revolution is well underway, yet it has gone largely unnoticed by policymakers. But the makers shouldn’t be taken for granted.  The value of making activities, and their potential to disproportionately boost productivity, should be better understood. At the very least, policymakers need to ensure they don’t unwittingly constrain their growth and stop the making phenomenon in its tracks. Access to finance, a chronic lack in certain sectors of high-skilled workers, and a lack of awareness of the vast benefits of collaboration and the crossovers between emerging and traditional industry sectors, are all significant threats. The UK economy has proved time and again that it is at its strongest when we are a nation of makers. For the economy right now, boosting productivity is the Holy Grail. As Carney has rightly pointed out, our shared prosperity depends on it. Wednesday 19 August 2015 3:08 pm Show Comments ▼ Britain’s “making” revolution could solve our productivity puzzle Tags: Expert Voices Mark Carney People More From Our Partners Astounding 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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org last_img read more


Amazon failed to disrupt the prescription drug business with Drugstore.com. Could a second try succeed?

first_img By Casey Ross April 26, 2018 Reprints Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Fein described the dynamics in a recent blog post: Pharmacies set their cash prices artificially high to maximize their reimbursement from insurers, who won’t pay any more than the listed cash price. If pharmacies set that price too low, then they risk leaving money on the table.Consequently, customers paying out of pocket often encounter inflated prices for generic medicines that Amazon could undercut. The cash-pay segment accounts for 8 percent of the total U.S. market, or about 400 million 30-day-equivalent prescriptions.Still, Fein said, Amazon would have to become a full-service pharmacy so customers could get all their prescriptions from the same company, rather than shopping different pharmacies that don’t know their regimens and can’t monitor them for adverse interactions. That would require the e-commerce giant to make significant investments for an uncertain payoff.“Amazon could try to compete on price, but the profitability and margins on generic drugs at pharmacies are not large,” Fein said. “It’s not really clear what advantage they have.”A master of logisticsSince the late 1990s, when Amazon took over bookselling and began expanding to other markets, it has mastered the challenge of getting a vast array of products to customers quickly.In his recent annual letter to shareholders, Bezos reported that the company shipped more than 5 billion items to its Prime subscribers in 2017. It now offers one-day or same-day shipping to 8,000 communities and, through Whole Foods, it can deliver groceries to customers in some cities within two hours, a service it is planning to expand nationwide.But selling and distributing prescription drugs comes with unique challenges. Pills cannot be stored on warehouse shelves next to diapers and boxes of macaroni and cheese. Many prescriptions require cold storage and come with specific handling instructions to preserve the quality of the medicine and prevent theft of controlled substances. What’s more, Amazon would need to hire licensed pharmacists to fill prescriptions and ensure that the right drugs, in the right dose and quantity, go to the intended customers. She isn’t counting Amazon out. Lepore, who now advises companies and serves on corporate boards, said Amazon has the scale and reach to pose a serious threat, despite the challenging economics of the pharmacy sector. “Prescriptions are relatively low margin, but Amazon runs a low margin business, so the company knows how to make money in low margin,” Lepore said. “It’s also already got the customer base, so it may be that Amazon can make economics work where other businesses can’t.”Still, she said, selling prescription drugs is different from selling shampoo or toys or fresh produce. The opportunities to disrupt it are more discreet and require deft maneuvering — lessons Amazon founder Jeff Bezos had the chance to learn, perhaps somewhat painfully, during his years on the Drugstore.com board.PBMs control the marketLepore said a major problem with Drugstore.com’s prescription drug business took root before she was hired to lead it in 2004. Medco Health Solutions, then one of the nation’s largest pharmacy benefit managers, had shut it out of its network of tens of millions of U.S. customers.“For 1 out of 5 people who came to the site, we would have to tell them we didn’t take their insurance,” Lepore said. “That was one of the reasons our [prescription drug] business wasn’t that big.” Amazon would also have to find a way to access customers now served by a small number of PBMs. In 2012, Medco was purchased by Express Scripts, one of three companies — along with CVS Health and OptumRx —  that control pharmacy benefits for about 80 percent of the U.S. population.To reach those customers, Amazon would either have to strike up partnerships with one or more of the PBMs or build its own PBM and become a network pharmacy itself. Even if it did so, it’s not a foregone conclusion that Amazon could effectively compete, said Adam Fein, chief executive of the Drug Channels Institute, which analyzes the industry’s trends and underlying economics.“It’s a big market, but it’s not an especially inefficient market,” Fein said. “In the United States, we process and pay for almost 6 billion 30-day-equivalent prescriptions a year for a population of 326 million people. We’ve built a very complicated infrastructure to do so, and that infrastructure cannot be easily dismissed.”In addition, the mail-order portion of the market is shrinking, as retail pharmacies have been cutting their prices to drive customers into their stores, where they can sell them everything from groceries to hardware.Amazon now has a larger bricks-and-mortar presence due to its acquisition of Whole Foods, but it is not set up to sell prescription drugs through those stores. And even if it established that ability, it would just be another entrant in an already crowded field, which raises a crucial question: What is Amazon’s best opportunity to differentiate itself? How will Amazon revolutionize health care? Follow its footprints in Seattle Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. STAT+: Back then, the company bought a 46 percent stake in Drugstore.com and began marketing its products on amazon.com. But its ambitions to sell prescription drugs slammed into a thicket of regulations, logistical challenges, and pre-existing business alliances that effectively blocked it from huge segments of the market. Today, it would still have to establish business and medical expertise to safely sell and distribute drugs. And it would have to figure out how to unseat, or outmaneuver, existing pharmacy benefit managers (PBMs) whose dominance of the market has only become more absolute since the late 1990s. [email protected] @caseymross Privacy Policy Leave this field empty if you’re human: Exploiting the weak spotFacing sluggish growth and better opportunities on over-the-counter products, Drugstore.com sold its mail-order pharmacy unit for $5 million in 2010. But there was one portion of the prescription drug market where it could still compete: cash-paying customers.Lepore said the company continued to sell Propecia (for hair loss) and Viagra (for erectile dysfunction), among other products. Those drugs were not typically covered by insurance, making it easier for Drugstore.com to attract customers with convenience and reasonable prices.The cash-pay market presents a significant opportunity for Amazon because of the sky-high prices retail pharmacies often charge to customers who don’t have insurance or face high out-of-pocket costs. Related: BusinessAmazon failed to disrupt the prescription drug business with Drugstore.com. Could a second try succeed? center_img National Technology Correspondent Casey covers the use of artificial intelligence in medicine and its underlying questions of safety, fairness, and privacy. He is the co-author of the newsletter STAT Health Tech. Related: About the Author Reprints How bad is Amazon’s bite? These pharma and health care companies are about to find out The headlines, spurred by Amazon’s entry into the pharmacy business, were as entertaining as they were exuberant. One hailed the company’s 1999 investment in Drugstore.com as “a likely gold mine.” In Canada, the Globe and Mail predicted a sea change in shopping habits, titling its story: “Farewell, Preparation H aisle.”Nearly 20 years later, shoppers are still awkwardly perusing that aisle and getting their prescription drugs from many of the same bricks-and-mortar pharmacies. Drugstore.com no longer exists and never recorded an annual profit.It turned out that the pharmacy business, especially in the United States, was harder to disrupt than Amazon and its partners had predicted. Amazon is much bigger now and has built a substantial business selling over-the-counter medicines and other products. But if it launches a second foray into prescription drugs, as it appears to be considering, the online behemoth would face many of the same obstacles that derailed the first effort.advertisement Privacy Policy Leave this field empty if you’re human: These are processes that existing PBMs and other participants in the supply chain have been honing for decades.“For companies (like an Amazon) that may be considering moving into the PBM space, they have to be more than strong logistics companies,” said Henry Eickelberg, a managing director at the Terry Group, which consults on pharmacy and medical benefits. “It takes a lot of different skills beyond efficiently moving products.”It is clear, however, that these complexities are not lost on Amazon. In addition to its experience with Drugstore.com, the company has spent years amassing expertise in the pharmacy field and appears to be following a methodical process to examine its opportunities and options.“If you look at the people they’ve hired and are looking to engage with, there is no question they’re focused on the distribution of pharmaceuticals and medical devices,” said Patrick Finnegan, an analyst with Fitch Ratings. “They’re getting educated. They know they can’t just jump into this and write a check.”Finnegan, who covers wholesale distributors and pharma companies, said Amazon is trying to zero in on unnecessary costs and complications in the supply chain. In some corners of the business, those problems are not hard to find. But fixing them in a way that serves the customers and generates profit is another matter.“They really need to build a better value proposition before they can come in to disrupt very established players,” Finnegan said. “These are very capable companies.” Please enter a valid email address. Tags pharmaceuticals Casey Ross Exclusive analysis of biopharma, health policy, and the life sciences. “That’s the problem — you’ve got these incumbents who have a huge amount of control through the contracts they write,” Dawn Lepore, the former CEO of Drugstore.com, said in an interview with STAT. “This is an area that needs to be innovated dramatically, but the PBMs have a lot of power.”advertisement Please enter a valid email address.last_img read more


Disney closes 60 stores in the US & Canada

first_imgThe Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada.Disney said it’s closing at least 60 stores in North America, amounting to about 35 percent of its locations in the region, CNN reports. Moving forward, Disney is placing a larger emphasis on its e-commerce business rather than its brick-and-mortar footprint.“While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” said Stephanie Young, president of Disney’s consumer products, games and publishing unit, in a press release.Disney said that it’s focusing on making its shopDisney platform a more “seamless” and “personalized” experience. That online revamp will be “complemented by greater integration with Disney Parks apps and social media platforms.” Disney Cruise Line will set sail on 2-night COVID test cruise June 3, 2021 AdvertisementCOVID-19 has spurred more people to move their shopping habits online, according to CNN. Research firm eMarketer recently said e-commerce sales across the world grew nearly 28 percent in 2020, surpassing $4 trillion.Fans can still buy Mickey merchandise at theme park stores, third-party retailers, and Disney shop-in-shops. In 2019, Target opened mini-Disney stores in 25 of its locations.Disney, which didn’t release a list of stores that will close, has about 300 locations worldwide. It had nearly 800 locations globally at its peak in 1999. Samuel E. Wright, the voice of Sebastian in ‘The Little Mermaid,’ dies at 74 May 27, 2021 Labor shortage crisis cripples some SWFL businesses May 29, 2021 AdvertisementTags: businessDisneycenter_img RELATEDTOPICS The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. Masks are no longer mandatory outside at Disney parks May 17, 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 commentsDC 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 commentslast_img read more


IFA on election countdown as presidential candidates confirmed

first_imgHome News Farming IFA on election countdown as presidential candidates confirmed NewsFarming IFA on election countdown as presidential candidates confirmed Facebook Pinterest Twitter GAA Three candidates have been nominated to run for IFA President. They are Munster Regional Chairman John Coughlan from Cork, National Treasurer Tim Cullinan from Tipperary and National Livestock Chairman Angus Woods from Wicklow.Laois IFA chairman Francie Gorman, whose own four-year term as the Laois county chairman, has backed Angus Woods from Wicklow.Woods is the only Leinster candidate in the race for the presidency though Cullinan, who is from Toomevara in North Tipperary, is the closest candidate geographically to Laois. By LaoisToday Reporter – 2nd October 2019 Facebook TAGSIFA RELATED ARTICLESMORE FROM AUTHOR Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest Twitter Previous articleOpen traditional Irish Music session on this Friday in StradballyNext articlePortlaoise Hockey club off to a flying start as they begin league campaign LaoisToday Reporter WhatsApp At the deadline of 10am this morning, National Returning Officer Richard Kennedy announced that three candidates had secured the nominations of their own County Executive and five other County Chairs.John Coughlan from the Buttevant branch is nominated by the Cork North County Executive and Harold Kingston (Cork Central), Corney Buckley (Cork West), Shay Galvin (Limerick), James Murphy (Kilkenny) and Martin Gilvarry (Mayo).Tim Cullinan from the Toomevara branch is nominated by the Tipperary North County Executive and Erica O’Keeffe (Tipperary South), Richard Scally (Offaly), John Curran (Meath), Brendan McLaughlin (Donegal) and Willie Hanrahan (Clare).Angus Woods from the Barndarrig branch is nominated by the Wicklow County Executive and James Kehoe (Wexford), George Collier (Carlow), Jim O’Connor (Roscommon), Francie Gorman (Laois) and Gerard Melia (Louth).Two candidates have been nominated to run for Deputy President. They are National Environment Chairman Thomas Cooney and Kildare/West Wicklow IFA Chairman Brian Rushe. Here are all of Wednesday’s Laois GAA results Thomas Cooney from the Laragh branch is nominated by the Cavan County Executive and Gavin White (Longford), Erica O’Keeffe (Tipperary South), John Curran (Meath), Brendan McLaughlin (Donegal) and Frank Brady (Monaghan).Brian Rushe from the Carbury/Cadamstown branch is nominated by the Kildare County Executive and Gerard Melia (Louth), Jim O’Connor (Roscommon), Richard Scally (Offaly), Anne Baker (Cork North) and Shay Galvin (Limerick).There are also a number of nominations for the Munster and Connacht regional chairman’s position.The South Leinster Chairman Tom Short has been returned unopposed for a second two-year term as has Ulster North Leinster Chairman Nigel Renaghan.Debates will begin around the country on October 21 and run until November 21. As ever it will be a fiercely contested election and voting will take place in each of IFA’s 945 branches from Monday, November 25, until Friday, December 13.The Election Count will take place in Dublin on Tuesday, December 17. The 16th President of IFA and the other National Officers will take up office at the AGM in January 2020.SEE ALSO – Status Yellow Weather Warning in place for Laois as Storm Lorenzo approaches GAA WhatsApp GAA 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more


2019 Remembered: Outrage in Laois as GAA confirm disbandment of Joe McDonagh All-Star Awards

first_img Pinterest Facebook Previous article2019 Remembered: Electric Picnic told get its house in order for 2020Next article2019 Remembered: Laois legal firms announce exciting merger LaoisToday Reporter TAGS2019 RememberedJoe McDonagh Champion 15Laois Hurlers Pinterest Home Sport GAA 2019 Remembered: Outrage in Laois as GAA confirm disbandment of Joe McDonagh… SportGAAHurling WhatsApp WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Here’s hoping this won’t be an issue next year.The GAA’s decision not to have a ‘Champion 15’ selection for the Joe McDonagh Cup this year has been met with anger in Laois today.Last year, in the first year of the competition, the GAA announced a Champion 15 that had six players from winners Carlow, five from runners up Westmeath and one each from Laois (Ross King), Meath, Antrim and Kerry.So, in line with that thinking, Laois would have been entitled to six players this year but instead they won’t have any.Yesterday, the GAA released the Champion 15 selections for the Christy Ring, Nicky Rackard and Lory Meahger and at the bottom of their press release, they confirmed they would not be doing the same for the Joe McDonagh Cup.They said: “Players competing in the Joe McDonagh Cup were considered in the PwC All-Stars for the Liam MacCarthy.”Laois do have two All-Star nominations in the form of Enda Rowland and Jack Kelly but had they not defeated Dublin in the All-Ireland Qualifiers, it would have been very interesting to see if Laois would have had any at all.A GAA spokesperson confirmed the decision to LaoisToday this morning that they would not have a Joe McDonagh Champion 15 and Laois Hurling Board chairman Tom Clear has reacted angrily to the news.He said: “This is an absolute disgrace and I am seriously disappointed with this decision.“The Laois hurlers gave us some brilliant days this year and while we are delighted Enda (Rowland) and Jack (Kelly) got nominated for All-Stars and Paddy Purcell for Joe McDonagh Player of the Year – to have these awards just dropped without any notice is not fair on the rest of the players.“This is the second tier competition of hurling and yet it has been kicked aside while the Christy Ring, Nicky Rackard and Lory Meagher players, who play in tier 3, 4 and 5, are getting more recognition.“While it is bad for us, it is even worse for the rest of the counties. Players from Westmeath, Kerry, Antrim and Offaly, who all played their roles in this championship, will not get any recognition at all.“Special Congress voted for Tier 2 football at the weekend and I wonder now is this the type of disrespect that faces those counties too?”The Joe McDonagh Player of the Year award will be presented on the same night as the All Stars on Friday, November 1.SEE ALSO –   Here are all of Wednesday’s Laois GAA results GAA Facebook 2019 Remembered: Outrage in Laois as GAA confirm disbandment of Joe McDonagh All-Star Awards Twitter By LaoisToday Reporter – 27th December 2019 Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory GAA GAA last_img read more


Cadre-focused meeting announced after Kim Jong Un’s return

first_img AvatarKim Yoo JinKim Yoo Jin is one of Daily NK’s freelance journalists. Please direct any questions about his articles to [email protected] News News NewsEconomy By Kim Yoo Jin – 2018.06.20 6:23am News Facebook Twitter RELATED ARTICLESMORE FROM AUTHORcenter_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Cadre-focused meeting announced after Kim Jong Un’s return US dollar and Chinese reminbi plummet against North Korean won once again Korean Leader Kim Jong Un returns home after the US-NK summit / Image: Rodong SinmunReports have emerged that an emergency meeting was convened for Party officials immediately after Kim Jong Un’s return to North Korea from the US-NK summit. At the meeting, Kim‘s ‘immense victory against the US’ was the primary point of emphasis, without any reference to denuclearization.“As soon as he (Kim Jong Un) returned, an emergency meeting was organized for all executives above the elementary Party secretary-level. They focused on propagating news that the Eternal Supreme Leader walked a long and treacherous road to achieve a huge victory against the almighty United States, and that everything was going according to his plans,” a source in North Hamgyong Province told Daily NK during a telephone call on June 15.“Not a word was said about denuclearization during the meeting. The Supreme Leader was praised for risking his own life heading into enemy territory and for making grueling efforts to bring our economy and people’s living conditions up to world standards.”“They discussed plans on how to create an atmosphere of fierce loyalty to the Supreme Leader across the country. Officials are having a series of meetings without any time for rest, and I don’t know how long this will go on,” he added.A Ryanggang-based source commented further on public sentiment in North Korea, saying, “After the summit, residents said that there will be no more wars or war games on the Korean Peninsula because the Dear Supreme Leader had a fruitful meeting with the United States. Residents have faith in the possibility of reunification in the near future.”“Everyone seems satisfied and is saying that the summit with the US was an incredible meeting, and they are anticipating that it will lead to positive outcomes,” she said.Meanwhile, officials of the Workers’ Party and security agencies were placed on emergency duty during the US-NK talks.“Officials above the Party secretary-level were present at Party committees throughout the entire summit period and held meetings late into the night to discuss ways to increase loyalty to and make greater efforts for the Supreme Leader,” a separate source in North Hamgyong Province said.“Because of the Party’s internal directive, the Party agencies, Ministry of State Security, and Police Stations carried out their duties with solemn attitudes and worked harder than ever. The Party committee officers even spent time at units that were at the lowest levels of their jurisdiction and worked with farmers to provide rural support.” SHARE Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more