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BlackBerry rocked by India ban fears

first_img Show Comments ▼ whatsapp KCS-content whatsapp BlackBerry rocked by India ban fears BLACKBERRY-MAKER Research In Motion (RIM) yesterday moved one step closer to a potentially disastrous ban in India.A meeting with authorities was “inconclusive” and the superpower has given the firm until the end of the month to address its concerns.India is worried that BlackBerry’s encrypted data can be used by terrorists such as those involved in the Mumbai attack. It is especially concerned about its Messenger service.Officials say RIM proposes tracking emails without sharing encryption details, but Indian sources say that is not enough. Thursday 12 August 2010 7:44 pmcenter_img The latest setback for RIM follows a ban in the UAE and a deal with the Saudi Arabian authorities to provide them with some user’s data.A shutdown would affect 1m of the smartphone maker’s 41m users. But with India being one of RIM’s fastest growing markets, this would be a disaster for the firm.This year, India restricted imports of Chinese telecoms network equipment over security fears. It is also worried about the introduction of 3G wireless services with no monitoring system in place.RIM, unlike rivals Nokia and Apple, operates its own network through secure servers. Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more

British American Tobacco Zambia Limited (BATZ.zm) 2017 Annual Report

first_imgBritish American Tobacco Zambia Limited (BATZ.zm) listed on the Lusaka Securities Exchange under the Agricultural sector has released it’s 2017 annual report.For more information about British American Tobacco Zambia Limited (BATZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Zambia Limited (BATZ.zm) company page on AfricanFinancials.Document: British American Tobacco Zambia Limited (BATZ.zm)  2017 annual report.Company ProfileBritish American Tobacco Plc. Zambia is a major distributor of cigarettes in Zambia. The company also has a line extension range which includes cigars, e-cigarettes and next-generation products (NGPs) which include a vapor product called Vype, and a tobacco heating product called iFuse. The company also markets a popular smokeless moist tobacco powder called Snus which most people know as snuff. British American Tobacco Zambia is a subsidiary of the British American Tobacco Group which has extensive international interests in the tobacco industry, from farm to market. Well-known brands in the BAT portfolio are Dunhill, Kent, Pall Mall and Lucky Strike. British America Tobacco Plc Zambia is listed on the Lusaka Stock Exchangelast_img read more

Want to make a million? You can do it by investing £500 a month in a Stocks and Shares ISA

first_img Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Harvey Jones | Saturday, 5th December, 2020 The high-calibre small-cap stock flying under the City’s radar This stock could get you started. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Want to make a million? You can do it by investing £500 a month in a Stocks and Shares ISA Enter Your Email Address Image source: Getty Images The idea that you can make a million is the stuff of dreams. For most people, that’s how it will remain, a dream. Yet it can be done, if you put your mind to it.Personally, I think the safest way for most people to make a million is to invest in stocks and shares, just don’t expect to hit your target overnight. You need to invest regularly, month after month, year after year, to stand a chance of getting there.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Put aside all thoughts of making some incredible stock pick that bags you a million all by itself. The chances of investing in the next early-stage Apple or Amazon are vanishingly thin. Frankly, you might as well rely on the Lottery.Would you like to make a million?The safest way to make a million from the stock market is to invest little and often, every time you have cash to spare. If you start early enough in life, you could be doing that for 40 years or more. Viewed in such terms, building a large amount of wealth on the stock market becomes doable.Let’s say you start investing £500 a month at age 25 and made an average total return of 6.5% a year after charges. By age 65 you would have £1.12m. You’re there! To make a million this way, you have to reinvest all your dividends for growth. Now £500 a month is a tall order at age 25, but here’s another route. Start with £350 a month and increase your contribution by 3% a year. That way you’d have £1.17bn by age 65. Or retire a little later, which means you can invest for longer. If you start with £250 a month you would have £1.2bn by age 70, with a 3% annual uplift in your contributions.Naturally, late starters face a bigger challenge. To make a million from a standing start at 40, you would have to invest £1,000 a month until age 65, with that 3% uplift.Invest tax-free in an ISAEven if you do not make a cool million, you will not regret investing in shares. Over the longer run, I reckon this is the best way of building your long-term wealth. If you fall a few hundred thousand pounds short, don’t worry, you’ll still have a sizeable pot of money at your disposal. It will make your retirement far more comfortable.Best of all, if you invest inside your Stocks and Shares ISA allowance, that money will be free of income tax and capital gains tax for life. Off the top of my head, I cannot think of any other legal way of making a million without paying any tax on it during your lifetime.That’s how I plan to build my retirement wealth. I almost certainly will not make a million, but one thing is sure. I’ll be better off for trying. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon and Apple and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. See all posts by Harvey Joneslast_img read more

How I aim to create a passive income of £5k a year

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves | Saturday, 29th May, 2021 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I think investing in stocks and shares is one of the most straightforward ways to earn passive income. I’m not just saying it as I’ve put my money where my mouth is. I’m investing my hard-earned cash in a portfolio of stocks and shares, aiming to generate a passive income of £5,000 a year. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Today I’m going to explain the strategy I’m using.Passive income strategyI have set an initial goal of £5,000 a year because I believe I can accomplish this in the next few years. To hit this annual income level, I think I will need to build a portfolio worth between £100k and £130k. The reason why I’ve used such a broad range is that dividend income can be unpredictable. At the time of writing, the FTSE 100 supports a dividend yield of around 2.9%. However, some companies in the index, such as Phoenix Group, yield as much as 6%. Other stocks, such as Just Eat, yield nothing. My strategy is to target a range of companies with high and low dividend yields. There’s a simple reason I’m using this approach. A high dividend yield can be a sign that the market believes the dividend is not sustainable. Therefore, by investing in a range of businesses, I reckon can build in a level of income protection to my portfolio. Of course, I can only try to build in some protection. Dividends are never guaranteed.For example, last year, many FTSE 100 companies decided to eliminate their dividends to save cash in the coronavirus crisis. These sort of one-off risk events are entirely unpredictable. They’re something all investors have to be prepared to deal with at some point.Other challenges such as rising interest rates and higher operating costs may also lead to reduced dividends.A basket of stocksThe companies I’ve bought and plan to buy for my passive income portfolio are spread across a range of different sectors and industries. In the property sector, I currently own shares in regional office provider Regional REIT. The stock offers a dividend yield of around 7% at the time of writing. In the FMCG sector, I own shares in Unilever. This consumer goods champion offers investors a dividend yield of 3.5%. I also own British American Tobacco and plan to buy Phoenix Group. These companies offer some of the highest dividend yields in the FTSE 100. That could make them a bit riskier than Unilever and Regional, but I’m comfortable buying both businesses at current levels.I also plan to acquire the City of London Investment Trust. I think investment trusts can be an excellent way to gain exposure to a portfolio of income stocks at the click of a button.Due to the way trusts are structured, they can also hold back revenue in good years to cover dividend payouts in bad years. This is an advantage other investment funds do not offer. That’s why I would buy this investment trust with its 4.9% dividend yield today.That’s the strategy I plan to use to hopefully generate a passive income of £5,000 a year. Of course, I know it’s not guaranteed and these aren’t the only stocks I plan to buy as I think there are plenty of other businesses on the market with fantastic dividend potential.  How I aim to create a passive income of £5k a year Rupert Hargreaves owns shares in Regional REIT, Unilever and British American Tobacco. The Motley Fool UK has recommended Just Eat Takeaway.com N.V. and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this.center_img We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Learn how you can grab this ‘Top Income Stock’ Report now Image source: Getty Images. Enter Your Email Address See all posts by Rupert Hargreaves The Motley Fool UK’s Top Income Stock…last_img read more

Further concern in Donegal over new rules to install water connections

first_img Facebook Pinterest Google+ Publicans in Republic watching closely as North reopens further Google+ WhatsApp There’s further concern in Donegal over new rules applying to installing water connections. It emerged that a man living in West Donegal has been quoted almost 70 thousand euro by Irish Water to get a connection from his new house to the water main, short distance away.It follows similar claims made earlier this week at the latest sitting of Donegal County Council, with calls for a special workshop to take place to discuss the issue.However, Cllr Michael Cholm Mac Giolla Easbuig has requested an emergency meeting with Irish Water saying that this cannot be allowed to continue:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/07/michgfhgfhgfhwater1pm-2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter By News Highland – July 26, 2019 RELATED ARTICLESMORE FROM AUTHOR AudioHomepage BannerNews Community Enhancement Programme open for applications center_img Pinterest Nine til Noon Show – Listen back to Monday’s Programme WhatsApp Important message for people attending LUH’s INR clinic Facebook Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Previous articleLack of Donegal sunshine blamed for high osteoporosis rateNext articleDonegal make two changes for key ladies tie with Mayo News Highland Further concern in Donegal over new rules to install water connectionslast_img read more

3 people aboard cargo jet that crashed in Texas bay ‘did not survive,’ Atlas Air Worldwide announces

first_img#FBI Houston is responding to a 767 cargo plane crash in Trinity Bay near Anahuac, TX. We are working closely with our partners from @ChambersSheriff @NTSB @USCG @FAANews. Please be patient while this investigation continues. Updates will be shared through this Twitter account. pic.twitter.com/5YHdPsR9Af— FBI Houston (@FBIHouston) February 23, 2019Copyright © 2019, ABC Radio. All rights reserved. Chambers County Sheriff’s Office(HOUSTON) — The three people aboard a cargo jet contracted by Amazon that crashed in a bay near Houston, Texas, “did not survive,” the company announced Sunday.The Boeing 767 jetliner, which was flying from Miami to Houston, plunged into the Trinity Bay near Anahuac Saturday just before 1 p.m., officials said.The plane was operating “on behalf of Amazon,” according to Atlas Air Worldwide.One of the bodies was discovered Saturday evening, officials said. The other two people remained missing through the night.The prospects of anyone surviving the crash appeared thin, local officials said Saturday.“I don’t believe that there is any way anyone could have survived,” said Chambers County Sheriff Brian Hawthorne at an evening press conference.The U.S. Coast Guard, the Houston Police Department, Texas Park and Wildlife, and the Harris County Sheriff’s Department, among other agencies, assisted with the search.On Sunday, the company confirmed that all three people aboard died in the crash.“Our thoughts and prayers are with all those who have been affected,” said Bill Flynn, Atlas Air Chief Executive Officer. “This is a sad time for all of us.”The National Transportation Safety Board (NTSB), which is investigating the crash, is scheduled to hold a news conference on Sunday evening.Flight 3591, operated Atlas Air Inc., went off radar and lost radio contact about 30 miles from Houston’s George Bush International Airport, according to an alert from the Federal Aviation Administration.last_img read more

Personnel Today Awards 2008: Award for HR Impact

first_img This award recognises an HR professional or team that has added value to their organisation through an innovative, clever or determined solution, showing HR at its most creative and flexible. Entrants provided clear evidence of speed of reaction, thinking ‘outside the box’, clear communication, a sophisticated understanding of the business drivers and measurement of the benefits.Awards judge: Nick Holley is director of the HR Centre of Excellence at Henley Management College. His background combines extensive experience as an Army officer and Merrill Lynch futures broker, along with 16 years in senior development roles at large global organisations. Holley has implemented large-scale organisational change, as well as leadership and people development schemes.Shortlisted teams:British Telecom Global ServicesThe team: Major Programmes Practice (MPP)Number in team: 9 Number of staff the team is responsible for: 2,814About the organisationThe Major Programmes Practice (MPP) provides a world-class team that enables BT Global Services to bid for and profitably deliver transformation programmes for government and non-government organisations.The challengeTo meet the growing need for management of major technology programmes in all sectors by establishing a new business dedicated to delivering complex large-scale programmes, bringing together people with appropriate high-level skills and experience.What the organisation did Launched a talent management programme including 360-degree reviews, coaching and mentoring, workshops to build leadership skills, allowing candidates to participate in projects beyond the scope of their normal responsibilitiesSponsored candidates for Cranford University’s MSc in programme and project managementPartnered with Oxford University’s Said Business School to launch an MSc in major project management.Benefits and achievements Achieved a retention rate of 100%Created a credible pool of leaders ready to succeed to senior roles in the organisationCreated a pool of trained coaches and mentors to develop a coaching culture across the organisationWon buy-in from 100% of talent management participantsAchieved 100% pass rate for BT MSc students – one finishing as top student for the year.The judge says: “BT established a new business that required a high level of performance and delivery capability. HR worked closely with the business, challenging conventional thinking and putting in place a comprehensive talent programme that has delivered a big shift in BT’s ability to deliver major programmes.”Thorntons The team: People Strategy TeamNumber in team: 6 Number of staff the team is responsible for: 2,600About the organisationThorntons is a retailer and manufacturer of confectionery products, and is renowned for its chocolate. Established by Joseph William Thornton in 1911, now it has almost 400 shops and cafes and a turnover of £180m.The challengeThorntons needed to attract and retain the best staff to drive sales and business contribution in its stores. But staff turnover was rising, leading to customer complaints and poor sales performance. Satisfaction surveys and exit interviews revealed the two key factors behind the turnover rates were pay, which was felt to be uncompetitive, and contract hours.What the organisation didAfter a series of presentations, the company invested an additional £2m in the retail payroll budget – the largest investment in people in its historyHR and Retail worked together to benchmark pay rates against competitors and devised a system linking individual pay to sales turnover and performance against defined criteriaTrialled increased working hours in selected stores to determine the impact on sales performance, contribution and other business indicators.Benefits and achievementsStore manager labour turnover reduced by 43%Overall staff turnover reduced by 16% – the lowest level in a decadeCustomer complaints fell by 21%Increased retention of good performers by 25%Staff who agreed ‘My salary is fair for my responsibilities’ increased from 16% to 58%.The judge says: “Thorntons identified a direct correlation between labour turnover, customer complaints and sales. Based on detailed research, it implemented a number of trials that proved the link between improvements in key people measures (satisfaction, retention and absence) and hard numbers (sales, customer numbers and contribution).”Ladbrokes Betting & GamingThe team: Ladbrokes HRNumber in team: 9Number of staff the team is responsible for: 14,000About the organisationLadbrokes is the leading bookmaker in the UK, and the world’s largest fixed-odds betting company. It employs more than 14,000 people in five countries, with more than 2,500 betting shops. The challengeLadbrokes had been experiencing tough trading conditions for the past few years, facing stiff competition from online rivals and rising costs from new legislation. It wanted a high-performance culture, but it was accumulating under-performing staff. Research revealed this was caused by gaps in knowledge and skills, and a lack of understanding about why their performance ‘mattered’.What the organisation didDefined performance model, processes and clear key performance indicators and leadership competenciesDesigned performance development training materials, assessment processes and technologyLinked strategy, behaviour, competencies and performance to a £2.5m bonus poolGained highly visible support from the managing directorPromoted all the changes through internal communications.Benefits and achievements97% of shop staff agreed the briefings/training were effective95% agreed the learning and support material was effectiveMystery shopping scores increased from 68.8% to 76.4%Organisational compliance scores increased by 21%Improved individual performance helped to deliver an 11% year-on-year increase in ‘gross win’ (income minus customer winnings)Reduced sickness absence, saving the equivalent of £30,000 a month.The judge says: “Ladbrokes’ HR department needed to respond to a tough new trading environment. It identified a comprehensive programme of compensation and benefits, and implemented communications, training, process and performance management changes that have had a measurable impact on the bottom line.”The WallichThe team: HR teamNumber in team: 4Number of staff the team is responsible for: 194About the organisationThe Wallich is a charity that provides supported housing services to homeless people in Wales. Established in 1978, it supports more than 500 people a day, and has more than 190 employees.The challengeThe Wallich is largely dependent on funding from the Welsh Assembly. Plans to devolve this funding to local authorities threatened to affect the way it ran its services, so it needed to look at ways to maximise efficiency and outputs to secure its future. But research revealed that £224,000 was spent on absence in 2006, with an average of 15 days sick per employee, draining limited resources.What the organisation didTotal revision of sickness management policy and setting targets for reducing absenceAbsence management training for managersIntroduced an occupational health providerIntroduced health and wellbeing initiatives including work-life balance trainingFeatured health and wellbeing workshops at annual conferenceImplemented new sickness and wellbeing policy.Benefits and achievementsReduced cost of absence by £47,000 to £175,000 in 2007Saved £70,000 or 980 days sick leave through occupational health support and more stringent management practicesAchieved an average of 7.7 days per employee as of March 2008, (charity sector average is 10.5 days), and set to save another £70,000 in 2008.The judge says: “The Wallich faced a change in funding that threatened its service provision. This required a reappraisal of its cost drivers, identifying a huge hidden cost in employee absence. HR put in place a detailed two-year strategy that has had a clear measurable impact on its cost base and put it at the top of charity sector benchmarks.”South Tyneside CouncilThe team: Organisational Development & PeopleNumber in team: 30Number of staff the team is responsible for: 7,000About the organisationA local authority in the North East of England, employing 7,200 staff, and serving a community of about 150,000 people.The challengeMost of the council’s workforce is female (72%), and 38% of its part-timers are women, many of whom have childcare responsibilities. Those struggling with such arrangements are more likely to be unhappy at work, with increased absence and decreased performance and productivity. It wanted staff to better balance work and family commitments to improve wellbeing, satisfaction, motivation and commitment, boosting performance and service delivery.What the organisation didIntroduced the innovative ‘Stuck not Sick’ scheme, which allows staff to take emergency time off instead of calling in sickRemoved core hours from its flexible working scheme, introducing earlier start times and later finishing times, and increased the number of days’ flexible leave staff could take per month to two daysAllowed as much paid time off on compassionate leave as needed instead of taking sick leave.Benefits and achievementsSickness absence has fallen by 25% since 2002-03, saving just over £1.5mStaff turnover is below the sector average at 6.4%Over the past five years, the council has gone from being rated ‘fair’ to a top-performing ‘four-star’ authorityunder the government’s assessment framework for local authoritiesReduced sick leave and increased satisfaction levels.The judge says: “South Tyneside Council introduced a novel approach to promoting flexibility, combining a ‘hard nose and a warm heart’. This has resulted in improvements in key numbers such as absence, sickness and staff turnover, feeding through into cost savings and improvements in service provision resulting in the council securing a four-star rating from the government.” Comments are closed. Previous Article Next Article Personnel Today Awards 2008: Award for HR ImpactBy sue proud on 28 Oct 2008 in Personnel Today Related posts:No related photos.last_img read more

SECAUCUS BRIEFS

first_img ×Secaucus resident Sharon Daughtry-Simon received the Susan G. Komen North Jersey Volunteer of the Year Award Nov. 19. (See briefs for more information). Secaucus Home News closes downThe Secaucus Home News, a weekly newspaper that launched in 1910, published its final issue this week, a former reporter has confirmed.“It is done,” said Louise Ritteberg, who reported for the paper from 1980 to 2001. “One hundred and seven years.”The news comes as newsrooms across the country are shutting down. The publication was owned by longtime Secaucus resident Gretchen Henckel. Her family was one of the town’s founding members.“Unreal, but true,” said Mayor Michael Gonnelli, of the unexpected closure. Secaucus resident Sharon Daughtry-Simon received the Susan G. Komen North Jersey Volunteer of the Year Award Nov. 19. (See briefs for more information).center_img West New York man arrested following alleged vehicle pursuit through Secaucus, North BergenThe Secaucus Police Department has charged a suspect after he allegedly stole a vehicle, leading officers on a chase through Secaucus and North Bergen, according to a press release.On Nov. 19, a Secaucus officer noticed a “suspicious” vehicle near Cedar Lane and Paterson Plank Road, the release said. After running its registration, the officer found it listed as stolen from a West New York residence earlier that day.Officer Vince DeFazio continued following the vehicle, a 2016 Nissan Murano. DeFazio tried to pull over the stolen vehicle. However, the driver allegedly began driving recklessly, the report says. The stolen vehicle reportedly began driving the wrong way down one way streets, and drove along sidewalks.Officers began a vehicular pursuit after determining the driver was an immediate threat to public safety.The chase continued into North Bergen. There, after sustaining additional damages, the vehicle allegedly struck the driver side door of a Secaucus police vehicle just before the officer exited. The suspect was then taken into custody.A 27-year-old West New York man was charged with burglary, receiving stolen property, and two counts of aggravated assault. He also received numerous motor vehicle violations. He was taken to the Hudson County Jail.Secaucus Police Chief Kevin Flaherty thanked the North Bergen Police Department, Hudson County Prosecutor’s Office, and Hudson County Sheriff’s Office for their assistance with the pursuit, in the releaseNJ State Health Planning Board approves Meadowlands Hospital saleThe New Jersey State Health Planning Board recently approved the $12.2 million Meadowlands Hospital sale to developer Yan Moshe, who owns two surgery centers in New Jersey. The sale would transfer ownership from MHA, LLC to NJMHMC, owned by Moshe.“Department staff reviewed the Applicant’s Certificate of Need application and determined that the Applicant’s rationale to transfer the ownership of MHMC is a realistic assessment of the Secaucus service area and the health care services environment for Hudson County,” the board wrote in its decision.The board added that Moshe “is committed to operate MHMC at the same bed and service capacity levels while maintaining all of the hospital’s current employees and the same contract agreements that are currently in place. The proposed transfer appears to be a feasible option for ensuring that MHMC continues to provide health care services to the community and to maintain its financial viability.”As part of the agreement, Moshe will invest in programs designed to better public health, community health services, and health and wellness. The board will also require a written financial sustainability plan within twelve months of licensing.Once annually for five years from the date he receives a license, Moshe also must report his progress on implementing his initiatives.These include negotiations with health insurers on new contracts to get better access for patents, efforts to fill service gaps with new physicians, and efforts to work with local community leaders, and surrounding hospitals to identify health care needs.The state Department of Health’s commissioner now has up to 120 days to make a final decision on the sale.Local resident receives Susan G. Komen awardSharon Daughtry-Simon of Secaucus was the recipient of the Susan G. Komen North Jersey Volunteer of the Year Award, the Affiliate’s most prestigious award, on Nov. 19 at the Volunteer Recognition Tea at Shackamaxon Country Club in Scotch Plains. The Volunteer of the Year Award recognizes an outstanding volunteer whose continued passion and long-standing commitment have had a significant impact on the Komen mission. Daughtry-Simon, who is a 10-year breast cancer survivor, has been involved as a volunteer with Komen North Jersey for many years and currently serves as Chairperson for both the Affiliate’s Grant Committee and the Survivor Program Committee.The Volunteer Recognition event, which is given as a “thank you” for all those who volunteered for the organization during the previous year, also honored ten outstanding individuals for their exceptional contributions and extraordinary dedication to the mission of the Affiliate.CarePoint ‘Lunch & Learn’ series to focus on heart and lung diseasesCarePoint Health-Christ Hospital will hold its next Lunch & Learn Series, “Managing Heart or Lung Disease,” on Thursday, Dec. 7 from noon to 1:30 p.m.The program will include presentations by medical experts about how to better manage congestive heart failure or chronic obstructive pulmonary disease. A free, healthy lunch will be included.Register at [email protected] or [email protected] event will be held at Christ Hospital, 176 Palisade Ave., Jersey City.Correction from previous Secaucus Reporter editionThe previous Secaucus Reporter reported that Councilman Robert Costantino did not appear at his previously scheduled Nov. 9 court date in Kearny Municipal Court, stemming from charges connected to a vehicle incident in September. However, Mr. Costantino made an appearance that day. We apologize for the error.last_img read more

Contractual dilemma

first_imgWith the current economic problems, companies are reviewing their arrangements with suppliers and seeing where savings can be made. One element of this is that firms are increasingly looking at pricing structures in place and reviewing their position with regards to providers.We are hearing of more and more stories of companies putting the squeeze on their suppliers and one particular scenario seems to be as follows. The supplier is asked to reduce its price by X%, on the basis that the economic climate demands it and also that, in effect, the supplier should “share” the burden with the company. The company further suggests that if the supplier agrees to this, then the company would look favourably upon them in the future. The unwritten implication is that if the supplier does not play ball, they could be jeopardising their future.The supplier is immediately placed in a tricky situation. By playing ball, their own profit margins are badly affected – and this is at a time when most companies are already working on very fine margins. There is also the danger that, even when the economic situation improves, the company will still not bring the prices paid up to the previous level. But then the converse is that the supplier does not agree to the price reduction and the business is lost completely.So what should a supplier do, what is the legal situation and do suppliers have any legal remedies?The starting point is to review the contractual arrangements in place with the company concerned. If needs be, it may be worth taking legal advice on the contractual position. Let’s take a couple of different scenarios:Scenario 1Baker A has an excellent working relationship with Supermarket X – so much so, that it does not have a written contract with the supermarket. Orders are simply placed on a regular, if ad hoc, basis. Every time Supermarket X calls to place an order, Baker A quotes a price and that is accepted by Supermarket X. However, Supermarket X now says that, with the economic downturn, it cannot afford to pay the price being asked by Baker A and has asked for a 5% reduction. Baker A has to make a commercial decision as to whether to accept the percentage reduction or not. It’s a gamble. Baker A cannot demand that Supermarket X continues to place orders with it. If Baker A says no to Supermarket X’s demands, then Supermarket X can simply walk away from the trading relationship and there is nothing Baker A can do. If Baker A decides that it cannot take the gamble that Supermarket X will walk away and it will have to take the reduction, what should Baker A do? Perhaps Baker A should use this as a negotiating chip and an opportunity to formalise the relationship with Supermarket X. Baker A could suggest the following:l That the parties enter into a written agreementl That Supermarket X is under an obligation to place a certain number of orders with Baker Al To have a notice periodl That the percentage reduction only be applied for a certain period of timeHowever, Baker A is still in a weak position and, realistically, has to make a commercial decision as it has very few, if any, legal rights or remedies.Scenario 2Baker B is a very well-organised bakery. It has written contracts in place with all of the supermarkets that take its products. Its contracts provide:l For six months’ notice to be givenl Full details of what the bakery can charge for its productsl The number of products and the dates when those products will be sent to the supermarket.Supermarket Y gets in touch with Baker B and says that it is in financial difficulties and needs Baker B to take part of the financial risk with it, by taking a 9% reduction in its prices. What can Baker B do? Well Baker B is in a much stronger position and can insist on Supermarket Y complying with the contractual terms. The only danger would be Supermarket Y serving notice that it would end the contract at the end of the notice period.Again, it comes down to a commercial decision on whether Baker B wishes to make some kind of concession. However, due to the fact that Baker B’s position is that much stronger if minded to make a concession, it might be worth Baker B asking to see the evidence that the company is in trouble or negotiating a smaller percentage reduction and again for a limited period only.For smaller businesses, what has to be key in this situation is that their position is made as watertight as it can be within the contractual document between themselves and the entity to whom they supply. While legal advice may sound expensive, this has to be considered as against possibly the loss of a business if a major customer pulls its business. Many suppliers are under the impression that companies have to give them notice and, more particularly, reasonable notice if they are going to withdraw their business, but this is not necessarily the case.So to conclude, if faced with a situation where a company wants to re-negotiate price:1. Review your contract and, if necessary, take legal advice on that document.2. If your contract makes you reasonably secure, consider commercially whether you should accede to that request, but see whether any future commercial advantage could be secured by giving your agreement – for example, with the company giving you agreed increased orders.3. If agreement is reached on a reduction in price, give great consideration to placing a guillotine for how long that reduction is in place.? Nichola Evans is a partner at legal firm Browne Jacobson—-=== Prevent late payment ===Payment times are a key part of any contract, whether written or verbal. According to the Forum of Private Business, poor payment practice costs UK business £20bn every year with small firms each owed an average of £30,000 at any one time, so the FPB has drawn up some top tips to help prevent late payment:Make your terms clearAgree payment terms at the order stage and have those terms printed on relevant documents such as invoices. Terms should include any credit period and details of interest charges on overdue accounts. All businesses have a legal right to claim interest from late-paying customers.Consider credit-checking potentially large customersAn online credit rating can be on your desk in minutes and costs from £10 upwards. Consider taking up credit references.Make your invoice clearAn easy-to-understand invoice will encourage customers to pay more quickly. Make sure, in particular, that you include a detailed description of the goods/services, a reference to the order number and that you send the invoice to the right person.Invoice on timeSend the invoice out immediately after the goods are sent or the service is completed. Don’t forget that many businesses simply don’t pay invoices until they receive a statement.Create a systemSet out in writing a timetable you feel comfortable with for chasing unpaid bills – and stick to it.last_img read more

Reville on Indiana’s decision to drop Common Core

first_imgIndiana, one of the early adopters of the Common Core Standards Initiative nearly four years ago, became the first state to also drop the initiative on Monday following Governor Mike Pence’s signing of a new legislation. Professor Paul Reville discusses how Indiana’s decision may or may not impact education and the national standards movement. Read Full Storylast_img