long term – GUWIV http://guwiv.com/ Thu, 17 Mar 2022 00:05:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://guwiv.com/wp-content/uploads/2021/11/guw-150x150.png long term – GUWIV http://guwiv.com/ 32 32 Protecting poor children from the impending food crisis – News https://guwiv.com/protecting-poor-children-from-the-impending-food-crisis-news/ Wed, 16 Mar 2022 19:49:15 +0000 https://guwiv.com/protecting-poor-children-from-the-impending-food-crisis-news/ The crisis in the global wheat and maize market has caused food inflation in sub-Saharan Africa to rise by 11% PA By Biniam Bedasso Published: Wed 16 Mar 2022, 11:49 PM Russia’s attack on Ukraine threatens to further disrupt the global food system by dramatically increasing the cost of staple foods and the energy needed […]]]>

The crisis in the global wheat and maize market has caused food inflation in sub-Saharan Africa to rise by 11%



PA

By Biniam Bedasso

Published: Wed 16 Mar 2022, 11:49 PM

Russia’s attack on Ukraine threatens to further disrupt the global food system by dramatically increasing the cost of staple foods and the energy needed to transport them. The Black Sea region is responsible for exporting at least 12% of global food calories, so cutting off access will have far-reaching effects.

Food prices were already skyrocketing due to post-pandemic market imbalances and supply chain pressures, as well as climate-related production losses. By the end of last year, the crisis in the world market for wheat and maize had pushed up food inflation in sub-Saharan Africa by 11%. Now poor countries face another shock at a time when they have little room to accommodate it.

Even before the economic crisis caused by the Covid-19 pandemic, vulnerable households in developing countries devoted a significant part of their budget to food. Further increases in the cost of food could lead children in these households to suffer significant and irreversible nutritional losses. They might go to school hungry or even drop out to help supplement their family’s income. Given the massive learning losses suffered by children in low- and middle-income countries (LMICs) due to pandemic-related school closures, any further disruption could have devastating consequences.

Fortunately, most countries have a proven tool to protect their most vulnerable children in these circumstances. School meal programs are considered the largest social safety net in the world. Before the pandemic, these programs reached 388 million children in 161 countries.

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There is ample evidence that the provision of school meals is an important tool to keep poor and vulnerable children in class in food insecure areas. This is true even during systemic shocks such as droughts which can affect the overall food supply. Many developing countries recognized the value of school meals as a tool for social protection when global food prices soared following the global financial crisis of 2008. Over the past decade, a growing number of PRITI have integrated school meals into their national budgets as a cost-effective way to improve the health and educational outcomes of schoolchildren.

In the context of rising food and fuel prices, buying food in bulk and preparing meals in a school can potentially generate economies of scale and efficiency that help reduce overall costs. . A recent study based on the National School Lunch Program in the United States shows that school nutrition programs help lower prices in grocery stores by reducing private food purchases.

Countries exposed to the negative effects of the current turmoil in food and energy markets should strive to strengthen these programs. But consistently providing nutritious school meals to a significant portion of the school population can nonetheless be prohibitively expensive for countries with limited resources. A rough calculation based on data from the Global Child Nutrition Foundation indicates that to expand coverage of school meals programs in LMICs at the current global median level would require the equivalent of 5% of the global education budget of a country.

One of the first steps countries can take to stabilize and eventually expand school meals programs is to improve the efficiency and ensure accountability of existing programs. Developing countries have seen many noble public sector initiatives that began with much promise, only to succumb to mismanagement and eroded public trust.

School meals programs involve large public procurement, an area in which many developing countries have significant weaknesses. To help maintain organizational and financial integrity, managers should therefore commit to subjecting these programs to routine independent audits.

Effective targeting is also crucial, especially at a time when global prices are high and gains from leveraging existing resources may be limited. Poorly targeted interventions can leave the intended beneficiaries of a program even further behind. Additionally, attempts to expand school meals programs too quickly can end up straining financial and organizational capacity, undermining existing operations.

Encouraging governments to improve their school meals programs should go hand in hand with support from development partners to provide financial relief, especially in light of the debt crisis looming over a number of countries. Currently, the national budgets of many LMICs are burdened with debt service payments, which in some cases consume almost half of total government revenue. In these circumstances, programs such as school meals are often the first to be eliminated or reduced. For example, growing debt recently forced Ghana to suspend a planned expansion of its school meals program.

One way the international community can help countries struggling with the twin crises of food inflation and over-indebtedness is to promote debt-for-development swaps, such as the one the World Food Program brokered between the Mozambique and Russia in 2017. Although the process of negotiating these exchanges is too slow to meet emergency needs, they can be a powerful tool to facilitate the long-term allocation of more resources to meal programs schools in highly indebted countries.

As geopolitical crises and climate disasters dominate the headlines, a whole generation of poor and vulnerable children in places far from the spotlight are at risk of slipping through the cracks. Keeping these children in school and well fed is the least the global community can do to prepare them for an uncertain future.

Biniam Bedasso is a senior research associate at the Center for Global Development. — Project syndicate

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Manchester City eye raid on Chelsea amid financial crisis, £58,000-a-week man wanted https://guwiv.com/manchester-city-eye-raid-on-chelsea-amid-financial-crisis-58000-a-week-man-wanted/ Sat, 12 Mar 2022 18:30:25 +0000 https://guwiv.com/manchester-city-eye-raid-on-chelsea-amid-financial-crisis-58000-a-week-man-wanted/ Photo by Chris Brunskill/Fantasista/Getty Images According to Daily mailManchester City plan to take advantage of Chelsea’s financial troubles, with Reece James in their sights. What is the story? Well, Chelsea look set to lose a number of world-class players this summer after the UK government sanctioned Roman Abramovich. 7 youngest owners in world football Brid […]]]>
Photo by Chris Brunskill/Fantasista/Getty Images

According to Daily mailManchester City plan to take advantage of Chelsea’s financial troubles, with Reece James in their sights.

What is the story?

Well, Chelsea look set to lose a number of world-class players this summer after the UK government sanctioned Roman Abramovich.

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According to AthleticismChelsea’s credit cards have been frozen by Barclays meaning they can’t even fill the team bus with petrol.

To put the perilous situation into context, Chelsea’s wage bill is £28m a month.

Obviously, if the Blues can’t even buy gas for the team bus, there’s no way they can function on a wage bill like that.

Nevertheless, Chelsea’s setbacks could now benefit Manchester City.

the Daily mail believe the Citizens view James as a long-term replacement for Kyle Walker, although Real Madrid are also interested.

So far this season, the £58,000 per week man marked six goals in 17 Premier League appearances, while offering six assist.

Manchester City could ruin Chelsea

Photo by Alexander Hassenstein – UEFA/Anadolu Agency via Getty Images

In truth, the main appeal of playing for Chelsea is the fact that they earn silverware most seasons and pay their players very, very well.

That’s exactly what Manchester City are doing, so if Chelsea were to sell to survive, Pep Guardiola could completely devastate Thomas Tuchel’s side.

Photo by Robbie Jay Barratt – AMA/Getty Images

N’Golo Kante, Romelu Lukaku, Ben Chilwell and Jorginho could now all leave Stamford Bridge, and if they are interested, Manchester City could sign them easily and for a great sum.

Unless a buyer is found quickly, Chelsea fans may have to sit and watch helplessly as their side are ripped apart by football vultures.

In other news, Conte makes a change: Tottenham’s predicted XI will face Manchester United

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VINCI Airports – Liberation of London Gatwick airport https://guwiv.com/vinci-airports-liberation-of-london-gatwick-airport/ Wed, 09 Mar 2022 07:52:32 +0000 https://guwiv.com/vinci-airports-liberation-of-london-gatwick-airport/ VINCI Nanterre, March 9, 2022 VINCI Airports – Liberation of London Gatwick airport London Gatwick airport, a 50.01% subsidiary of VINCI Airports, today published its 2021 annual results, including the Certificate of conformity as of December 31, 2021 (which sets the level of financial covenants associated with the financial structure of Gatwick Funding Limited). The […]]]>

VINCI

Nanterre, March 9, 2022

VINCI Airports – Liberation of London Gatwick airport

London Gatwick airport, a 50.01% subsidiary of VINCI Airports, today published its 2021 annual results, including the Certificate of conformity as of December 31, 2021 (which sets the level of financial covenants associated with the financial structure of Gatwick Funding Limited).

The published documents are available at the following links:
https://www.gatwickairport.com/business-community/about-gatwick/investor-relations/financial-results/
https://www.gatwickairport.com/globalassets/company/investor/2021/ivy-holdco-limited-compliance-certificate.pdf

About VINCI

VINCI is a global player in concessions, construction and energy, employing more than 260,000 people in around 100 countries. We design, finance, build and operate infrastructure and equipment that help improve daily life and mobility for everyone. Because we believe in global performance, we are committed to operating in an ecological, socially responsible and ethical manner. And because our projects are of general interest, we consider that meeting all our stakeholders and dialoguing with them is essential in the conduct of our activities. Based on this approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com

This press release is an official information document of the VINCI group.

PRESS CONTACT
VINCI press office
Tel: +33 (0)1 57 98 62 88
media.relations@vinci.com

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Warren Buffett framed the past European crisis as a chance to buy cheap stocks https://guwiv.com/warren-buffett-framed-the-past-european-crisis-as-a-chance-to-buy-cheap-stocks/ Tue, 08 Mar 2022 11:18:49 +0000 https://guwiv.com/warren-buffett-framed-the-past-european-crisis-as-a-chance-to-buy-cheap-stocks/ Warren Buffett touted past turmoil in Europe as a chance to buy cheap stocks. The Berkshire Hathaway CEO said the European debt crisis could lead to good business. Buffett recommended investors strike deals if they are bullish on the continent for the long term. Loading Something is loading. Warren Buffett strives to be “greedy when […]]]>
  • Warren Buffett touted past turmoil in Europe as a chance to buy cheap stocks.
  • The Berkshire Hathaway CEO said the European debt crisis could lead to good business.
  • Buffett recommended investors strike deals if they are bullish on the continent for the long term.

Warren Buffett strives to be “greedy when others are scared”. The billionaire stock-picker and CEO of Berkshire Hathaway endorsed this approach during the European debt crisis, urging investors to view the turmoil as a chance for good business.

“Just because there are problems in Europe — and there are a lot of problems in Europe, and they’re not going to go away quickly — doesn’t mean you’re not buying stocks,” Buffett said. told CNBC in 2013.

The Berkshire chief noted that his company rolled out $15.5 billion in three weeks in the fall of 2008 when the United States was in dire straits as the financial crisis took hold.

“It wasn’t because the news was good, it was because the prices were good,” Buffett explained. “If you think Europe is going to exist, which it certainly does, and it’s going to have enormous buying power… then you actually see the problems as an opportunity to buy.”

The seasoned investor recalled buying his first stock a few months after Pearl Harbor, when the United States was losing ground during World War II.

“I didn’t buy it because I thought losing the war was a great idea,” he told CNBC. “I bought it because I thought the stocks were cheap and eventually we would win the war, and the same in Europe.”

Buffett emphasized that he cares much more about the quality and valuation of a company than about its headquarters.

“If Coca-Cola was based in Amsterdam instead of Atlanta, we’d be happy to buy it,” he said. “We like good companies at low prices.”

Buffett said he was ready to invest in southern Europe, but a Greek, Italian or Spanish company would have to jump a higher hurdle to gain his support.

“If I understand the business well, trust and admire the management, and the price is right, we’ll buy there,” he said.

Buffett struck a similar chord at Berkshire’s annual meeting of shareholders in 2013, when asked if the sovereign debt crisis would prevent him from investing in the eurozone.

“It can create opportunities for us to buy businesses,” he said. “We would be delighted tomorrow to buy a large company in Europe that we like, and we would pay cash.”

The Berkshire boss took a similar stance in 2014, telling investors they should hold stocks during a war, not cash, gold or bitcoin.

Read more: Bank of America predicts a Russian oil export ban could push prices up to $200 a barrel – and explains why it could trigger a global recession or stock market crash

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Ukraine Crisis: The Economic Dangers of the Russian Invasion Reverberate Around the World https://guwiv.com/ukraine-crisis-the-economic-dangers-of-the-russian-invasion-reverberate-around-the-world/ Wed, 02 Mar 2022 20:04:00 +0000 https://guwiv.com/ukraine-crisis-the-economic-dangers-of-the-russian-invasion-reverberate-around-the-world/ Moscow’s war on Ukraine and the fierce financial backlash it has unleashed are not only inflicting economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also threatening the global economy, rattling financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to starving Yemeni families. […]]]>

Moscow’s war on Ukraine and the fierce financial backlash it has unleashed are not only inflicting economic catastrophe on President Vladimir Putin’s Russia.

The repercussions are also threatening the global economy, rattling financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to starving Yemeni families.

Even before Putin’s troops invaded Ukraine, the global economy suffered from a series of burdens: Soaring inflation. Tangled supply chains. Falling stock prices.

The Ukraine crisis has both amplified each threat and complicated potential solutions.

We are actually in uncharted territory,” said Clay Lowery, executive vice president of the Institute of International Finance, a trade group of global banks. We know there are consequences that we cannot foresee.”

For now at least, the damage to the global economy as a whole seems relatively small, if only because Russia and Ukraine are not economic powerhouses. Important as they are as exporters of energy, precious metals, wheat and other commodities, the two together account for less than 2% of global gross domestic product.

Most major economies have only limited trade exposure to Russia: for the United States, it is 0.5% of total trade. For China, around 2.4%.

Barring a major escalation in the far from impossible war, the effects on the United States, China and most emerging countries should be limited, said Adam Slater, chief economist at Oxford Economics. It predicts only a 0.2% drop in global GDP this year.

Yet Russia is a vital supplier of oil, natural gas and metals, and rising prices for these commodities are sure to inflict economic damage around the world. Europe depends on Russia for almost 40% of its natural gas and 25% of its oil.

For the European continent, Russia’s war has dramatically increased the likelihood of runaway inflation, another economic setback, or both.

Enraged by Putin’s aggression, the United States and other Western nations have targeted Russia with sanctions of unprecedented scale and severity for a major economy.

They expelled major Russian banks from the SWIFT international payment system, limited high-tech exports to Russia, and severely restricted Moscow’s use of its foreign currency reserves.

The swift and unified international retaliation against Russia seemed to catch Putin’s regime by surprise.

The world or most of it is besieging Russia economically,” wrote Carl Weinberg, chief economist at High Frequency Economics.

The sanctions quickly did their damage. The Russian ruble plunged to a record low on Monday. Depositors lined up at ATMs to try to withdraw their money from the troubled banking system.

Cut off from Google Pay and Apple Pay, Russians were stuck at the counters of metro lines.

The Institute of International Finance predicts that the Russian economy will suffer a double-digit contraction this year, even worse than its 7.8% plunge during the Great Recession of 2009.

Oxford Economics said evidence of wars ranging from the Iran-Iraq war of 1980-1988 to the NATO bombing campaign against Serbia in 1999 suggests that a staggering collapse of Ukraine’s economy of 50-60% is possible.

With its dependence on Russian energy, the European economy is now particularly at risk.

Natural gas prices soared 20% after the start of the war, on top of previous increases, and are now about six times higher than they were at the start of 2021. The gas price shock is fueling inflation higher and inflates utility bills.

The result is that households have less money to spend and hopes for increased consumer spending resulting from fewer pandemic restrictions and COVID-19 cases have dwindled.

Escalating gas prices have caused what economists call demand destruction among industrial companies, such as fertilizer makers, which use a lot of gas and have now cut production.

Farmers pay more to operate machinery and buy fertilizer. The German economy, which sank 0.7% in the fourth quarter of 2021, would face a technical recession if it contracts again in the first three months of 2022.

The economic slowdown could be offset by an increase in German defense spending. In response to the Russian invasion, Chancellor Olaf Scholz said the government would commit 100 billion euros ($111 billion) to a special fund for its armed forces and increase defense spending above 2% of the GDP.

The drag on rising prices and the negative effect on confidence could lower real GDP growth in the euro zone from 4.3% to 3.7% for 2022, said Holger Schmieding, chief economist at the Berenberg bank.

The world’s surprisingly robust recovery from the pandemic recession has left companies scrambling to find enough raw materials and components to produce goods to meet growing customer demand. Overwhelmed factories, ports and freight stations have led to shortages, shipping delays and higher prices. Disruptions to Russian and Ukrainian industries could delay any return to normal conditions.

Mark Zandi, chief economist at Moody’s Analytics, noted that Russia and Ukraine together produce 70% of the world’s neon, essential for semiconductor manufacturing.

This is all the more worrying as the world, and automakers in particular, are already suffering from a shortage of computer chips.

When Russia seized Crimea from Ukraine eight years ago, neon prices soared 600%, although Zandi notes that chipmakers have since stockpiled neon and sought alternatives to Russian supplies.

Russia and Ukraine together supply 13% of the world’s titanium, which is used to make airliners and 30% of palladium, which goes into cars, cellphones and dental fillings, Zandi said. Russia is also a major producer of nickel, used to produce electric car batteries and steel.

It’s impossible for supply chains to catch up,” said Vanessa Miller, partner at Foley & Lardner LLP, specializing in supply chains.

The conflict and sanctions will also cause damage to Russia’s neighbors in Central Asia.

As its own workforce has aged, Russia has turned to young migrant workers from countries such as Uzbekistan and Tajikistan. The families of these workers have come to depend on the money they send home.

Even at the height of COVID-19 in 2020, remittances from Russia to Uzbekistan exceeded $3.9 billion and to Kyrgyzstan $2 billion, according to Russia’s central bank.

The pressure on the rouble, foreign banking restrictions and the long-term collapse of the labor market in Russia will have an immediate and profound economic impact on Central Asia,” said Gavin Helf, Central Asia expert for the American Institute of Peace. , wrote this week.

Ukraine and Russia account for 30% of global wheat exports, 19% of corn and 80% of sunflower oil, which is used in food processing. Much of the Russian and Ukrainian generosity goes to poor and unstable countries like Yemen and Libya.

The threat to farms in eastern Ukraine and a disruption of exports through Black Sea ports could reduce food supplies just as prices are at their highest level since 2011 and some countries suffer from food shortages.

Anna Nagurney, professor of management at the University of Massachusetts at Amherst, described the consequences as extremely disturbing.







Wheat, maize, oils, barley and flour are extremely important for food security, Nagurney said, especially in poorer regions of the globe.

With ports, airports and railroads closed and young Ukrainian men fighting the Russian invasion, she asked: Who is going to do the harvest? Who would do the transport?

The war in Ukraine coincides with a high risk moment for the Federal Reserve and other central banks. They have been caught off guard by the surge in inflation over the past year, mainly as a result of the unexpectedly strong economic recovery.

In January, consumer prices in the United States rose 7.5% from a year earlier, the biggest such increase since 1982.

In Europe, figures released on Wednesday show inflation accelerated to a record 5.8% last month from a year earlier for the 19 countries that use the euro.

Now the fighting and sanctions that have disrupted Russia’s trade with the global economy threaten to drive up prices, especially for energy: Russia and Ukraine, Zandi said, together produce 12 % of the world’s oil and 17% of its natural gas. .

To fight inflation, the Fed is expected to start raising interest rates when it meets in two weeks, reversing the ultra-low rate policies it adopted in 2020 to help save the economy from the pandemic recession. Likewise, the European Central Bank is phasing out its pandemic stimulus efforts.

But now? Central bankers need to weigh rising inflationary pressures against the risk that the Ukrainian crisis will weaken economies. In Europe, for now, any hint of a rate hike is out of the question,” Carsten Brzeski, head of global macroeconomics at ING Bank.

Yet the Fed, sharply accused of being slow to acknowledge the resurgence of inflation, may continue to back away from easy money policies.

Barring a stock market crash or the war widening beyond Ukraine, Zandi said, I don’t expect any change in the conduct of Fed monetary policy as a result. economic counter-currents created by the Russian invasion of Ukraine.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Joe Biden press conference on sanctions against Russia and the war in Ukraine https://guwiv.com/joe-biden-press-conference-on-sanctions-against-russia-and-the-war-in-ukraine/ Thu, 24 Feb 2022 08:00:00 +0000 https://guwiv.com/joe-biden-press-conference-on-sanctions-against-russia-and-the-war-in-ukraine/ Russian President Vladimir Putin launched a predawn attack on Ukraine on Thursday. Explosions were heard in major cities across the Eastern European country, killing at least 40 people. Ukrainian authorities said Russian forces hit military assets and other defense installations. Ukrainian President Volodymyr Zelenskyy said his country had severed diplomatic relations with Russia, adding that […]]]>
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Video: Minister of Education Press Conference – Bermuda Covid-19 Coronavirus News https://guwiv.com/video-minister-of-education-press-conference-bermuda-covid-19-coronavirus-news/ Thu, 17 Feb 2022 16:16:26 +0000 https://guwiv.com/video-minister-of-education-press-conference-bermuda-covid-19-coronavirus-news/ [Updated] National Education Minister Diallo Rabain holds a press conference at 4:15 p.m. this afternoon [Feb 16] to inform the public about back-to-school testing. We’ll have additional coverage later and in the meantime, live video should start around 4:15 p.m. Update February 17, 06:07: Remarks from Minister Rabain: Good afternoon and welcome I would like […]]]>

[Updated] National Education Minister Diallo Rabain holds a press conference at 4:15 p.m. this afternoon [Feb 16] to inform the public about back-to-school testing. We’ll have additional coverage later and in the meantime, live video should start around 4:15 p.m.

Update February 17, 06:07: Remarks from Minister Rabain:

Good afternoon and welcome

I would like to use this time today to provide updates on some Covid-related school matters as we prepare to return to school on Monday.

back to school test

In accordance with our return to school policy established in October 2021, when students and staff are absent from school for 5 days or more, we require a certified negative antigen or PCR test as a prerequisite for teaching and learning in the classroom.

Some have questioned this policy. However, the Ministry and Department of Education have a responsibility to keep our students and teachers safe, with the ultimate goal of keeping schools open for classroom learning. Therefore, we must continue to adhere to the policy of certified antigen testing or PCR testing before returning to school.

When considering returning after the break for the BPSS, the Ministry of Education devised 3 options to return to school testing.

  • Option 1 was the same as we have always done and would have all students tested the weekend before returning on Monday February 21.
  • Option 2 featured a staggered start until the break returned with all kindergarten and primary school tests over the weekend for a start on February 21, college tests on Monday February 21 for a start on Tuesday February 22 February and secondary school tests on Tuesday. , February 22 for a start on Wednesday February 23.
  • Option 3 was to continue the antigen testing program to allow students to submit their results on Sunday evening and start school on Monday February 21.

At the EEMC meeting held on 4 February, after consultation with our union partners, BUT, BPSU and BIU, as well as representatives from MDL and Health, they recommended, and it was agreed at the unanimously, that option 2, a staggered return, would be the return to school procedure for Monday February 21.

I want to thank our stakeholders for their input into this decision, because I believe it all starts with a conversation. Our collaboration with the members of the EEMC resulted in a final decision on which all parties agreed. MDL has already established the testing schedule which has been distributed to all parents and guardians. Again, I want to express my gratitude to everyone who has come forward to ensure that we have a plan that would be in the best interest of our school’s ecosystem.

Home Antigen Testing Program

Parents and guardians have asked why the use of the home antigen test was not used this time for the back-to-school test. As I said, this was a collective decision that was also based on current data regarding the antigen program and submissions from our stakeholders.

Due to the Omicron outbreak at the time and its effect on MDL testing capabilities, returning to school in January was difficult. Additionally, the weekly saliva screening that was currently in place for students had to be replaced with a home antigen screening program.

While the pilot program was still scheduled to launch in January with 10 schools, difficulties with the Omicron outbreak forced the program to be rolled out to all schools. Although this program was put together very quickly, extensive outreach to parents, guardians and staff took place via 6 zoom information sessions, tailored to parents and staff for each of our different grade levels.

Features of the Home Antigen Testing Program are:

  • It is not mandatory, but all students and staff are encouraged to participate.
  • Students and staff received a supply of free antigen tests which were generously donated to the Department of Education by ABIR, ABIC and BILTIR.
  • Acceptance of antigen testing indicated agreement to participate in the testing program.
  • The tests must be taken twice a week: once on Sunday evening and once on Wednesday evening.
  • Each test result must be communicated electronically using a link provided by the Ministry of Education.
  • Positive results should be immediately reported directly to the school and to the Department of Health by the parent of a Covid-positive student or Covid-positive staff member, not the Department of Education.

As we enter the mid-term break, the antigen screening data received and the process for receiving that data is being reviewed to determine the best way forward. This process will also allow us to improve the reception of data more efficiently. To date, I can report that participation is not at the level it was with the saliva screening program. With a participation rate of approx. 57% of all staff [50%] and students [59%] By submitting forms every two weeks, we need families who don’t show up to keep everyone safe.

Starting with the return to school next week, here are some of the things we’re working on:

  • All preschools and primary schools will revert to weekly saliva screening.
  • The current online antigen form is being redesigned and retooled to be more efficient and allow faster analysis of critical participation data.
  • Public relations campaigns around the need to participate and reminders to submit your results are being developed.

I would like to thank everyone who worked very hard to make this program operational in such a short time. While not perfect, it did a good job of doing what was intended, and going forward I’m sure we’ll see a lot more turnout.

Revised school guidelines

One of the main talking points lately is the guidelines in place in our schools and if we see any movement from where we are now it is in phase 1. I have received many e -emails, WhatsApp and social media posts asking for the same. .

First, I would like to state that we are constantly seeking to strike the right balance in our approach to maintaining the safety of our staff and students; with the ultimate goal of keeping schools open for classroom learning. We may not always agree, and we may not even always get it right, but the decisions that are made are in the best interest of our students, our educators and the island as a whole. together. While decisions may be difficult, my intention and that of this government remains to provide a safe school experience for our students and staff.

As a parent and as a minister, I am excited about the ongoing discussions to consider what life with Covid can look like in our schools. We want our children to have an educational experience similar to what we expect of them. Things like sports days, graduations, field trips, assemblies, end of school celebrations, interscholastic sporting events, and school photography to name a few will return soon with revised guidelines. about wearing a mask.

We are also reviewing the current requirement for close contacts of positive students in quarantine. We are looking for ways to reduce the number of students forced to self-quarantine because they are considered a close contact.

We are still discussing these various initiatives and how best to implement them; however, I look forward to being able to provide more information on Friday when I make my ministerial statement in the House of Assembly.

As the country moves towards life with Covid, there will continue to be necessary precautions and guidelines to remain in place to keep our schools safe and open. Although Covid19 remains a relatively mild disease for most children, we cannot claim that it does not exist or that it has no impact on their long-term health.

We will always depend on our dedicated staff and families at our schools to ensure protocols are followed. Thank you for your continued efforts as we begin to see some light at the end of the tunnel. Your sacrifices are not in vain. Our desire to keep our schools safe and open for classroom learning will always be our goal and with your continued support, we will keep our doors open.

Thank you.

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Five takeaways from Kevin Pritchard’s press conference https://guwiv.com/five-takeaways-from-kevin-pritchards-press-conference/ Tue, 15 Feb 2022 14:07:00 +0000 https://guwiv.com/five-takeaways-from-kevin-pritchards-press-conference/ On Friday after the NBA trade deadline, Indiana Pacers president of basketball operations Kevin Pritchard spoke to the media to discuss the actions taken by the front office during the week. This year we clearly saw something out of the ordinary, but with the losses piling up, it was clear that change was not only […]]]>

On Friday after the NBA trade deadline, Indiana Pacers president of basketball operations Kevin Pritchard spoke to the media to discuss the actions taken by the front office during the week.

This year we clearly saw something out of the ordinary, but with the losses piling up, it was clear that change was not only needed, but every Pacers fan knew it was coming.

Since taking over as president of the Indiana Pacers, we’ve rarely seen Kevin Pritchard make any mid-season moves. That wasn’t the case this season, as Indiana knocked down their entire roster.

The massive trade to acquire playmaker Tyrese Haliburton was as stunning as we’ve seen from Kevin Pritchard.

It’s not easy to trade your team’s best player and a two-time star player, but when trying to acquire a special player like Haliburton, you have to make tough decisions.

Kevin Pritchard spoke with the media for about 30 minutes, and I found these comments to be the five most notable to discuss.

Pritchard: “How we wanted to attack this trade deadline, let’s be super aggressive. It’s a little different from what we’ve done in the past. But I felt like this year, with the direction the team was going, the trades pulled us in a good direction.

First of all, I like this comment from Kevin Pritchard. The team was aggressive in their moves and eventually found a promising young guard in Tyrese Haliburton. If that’s Pritchard’s mindset at Deadline, what will his mindset be heading into the offseason?

With plenty of choices, cap space, and business exceptions at his disposal, I anticipate Kevin Pritchard and the front office will have the “super aggressive” mindset.

Rick Carlisle was brought here to win now, and now that they have a young point guard in Haliburton to build around, they can be more aggressive in finding the right pieces to place around him.

Pritchard: “Having a playmaker who is young with advantages and you feel you can build around for the next 10 years…those don’t come very often. I feel like we have a foundational piece and a tremendous piece to move forward.

Have you heard this Malcolm Brogdon? Kevin Pritchard thinks Tyrese is the leader for the next decade. Brogdon has been adamant that he’s a playmaker. Well, it’s Haliburton’s team now and Brogdon is going to have to adapt as an off-ball goaltender.

Rick Carlisle has previously said he likes the possibility of having multiple playmakers on the pitch together. Brogdon and Haliburton agree on paper, but Brogdon will have to accept a different role than the one he was brought to Indiana for.

Haliburton is set to turn 22 this season and Brogdon is already 29. If the Pacers are building around Haliburton, is Brogdon really a fit? Probably not.

Pritchard’s bold statement here clearly identifies the face of the franchise going forward. It’s Tyrese Haliburton. With clarity on who the face of the franchise is, I’m curious to see how the rest of the roster reacts.

With Sabonis here as the face of the franchise, it was stated by Pritchard in The Athletic that the Pacers don’t have a star. It was a format built by the committee, but it looks very different.

Pritchard said the league tends to favor guards and they targeted Haliburton and they wanted him. With such an endorsement, there’s no doubt it’s Tyrese Haliburton’s team moving forward.

Kevin Pritchard on the upcoming NBA draft being one of the most important in franchise history: “Without a doubt. I don’t know where we’ll choose, but maybe we now have the capital project to get what we want.

With another first-round pick from Cleveland (lottery-protected), second-round pick from Houston and second-round pick from Phoenix, the Pacers have what it takes to advance in the draft. The Indiana Pacers also hold all of their future first-round draft picks going forward. If there’s a player they like at the top of the draft, they could trade multiple picks to get where they want in the draft.

This draft class is considered a much lower class than the 2023 draft class, but there are still special players at the top. If there’s a desperate team that wants to trade for the Indiana Pacers’ first-round pick, I wouldn’t be shocked if they traded their pick for a player to partner with Haliburton.

There are a lot of avenues the Pacers can take with this pick, so I think it would be best to leave all options open. Since the arrival of Rick Carlisle, I think all the fans would say that they are happy with the decisions made by this team.

The collection of Pritchard, Buchanan, Carlisle, Krauskopf and Wu showed that they want to grow this team from a disappointing bottom dweller to a playoff contender. Rome wasn’t built in a day, but the front office has taken drastic measures to restore the franchise’s future.

Pritchard: “I think we’re going to be opportunistic and when we see something we usually jump up and go all-in. That’s how I think we’re going to make big changes to help this team.”

I can’t think of a single fan who expected the Indiana Pacers to make such a big move to come out and trade for Tyrese Haliburton. The front office saw a guy they wanted and they jumped up and went all out. This quote could be Kevin Pritchard foreshadowing what he plans to do this upcoming offseason.

Pritchard must be happy with what he and his team achieved during trade deadline week and how they were able to negotiate with opposing teams until they got the deals they wanted.

The redesign of this list has only gone beyond the first phase. This phase was the most important because you have your guy to build around, but finding the right pieces to build around Haliburton will be the hardest part.

There are already a few players on this squad that you would call building blocks around Haliburton, but there are still holes to fill, and that could come from the draft, the trade market or through free agency.

With respect to Haliburton across the league, you have to wonder if having a guard like that on your roster might impact other players’ desire to be in Indiana to play with. him.

Pritchard: “The truth is, if everyone was healthy, we don’t know what this team could have been. You can’t keep saying that if we’re healthy we’re going to be a really good team. There’s a moment when you say enough is enough and you go in a different direction.

I never thought we’d hear Kevin Pritchard comment on the “so wholesome” narrative. This previous team was built on a start of five players who all missed a lot of time with injuries.

TJ Warren has only played in 4 of the last 130 games. Malcolm Brogdon has played 138 out of a possible 203 games since arriving in Indiana. Myles Turner has missed 52 games since 2019-20 and suffered three foot injuries (sprained ankle in 2019-20, partial toe tear in 2020-21 and stress reaction foot in 2021-22).

Warren has expressed his desire to be at Indiana, but with the number of games he’s missed, one has to wonder if Indiana has any desire to bring him back. The only benefit Indiana might get from bringing Warren back is if he takes a cheaper contract for fewer years to prove he can stay healthy.

Brogdon, the team leader and playmaker may have already lost both of their responsibilities with the addition of Haliburton. If you factor in the injury history Brogdon has had since joining the Pacers in 2019, the writing may already be on the wall here for his future with the team. When healthy, Brogdon has been one of the best players for the Indiana Pacers, but the best ability is availability.

Turner is still out with a stress reaction and that’s partly why he wasn’t moved up this NBA trade deadline. Carlisle praised Turner’s defensive rim protection and the team have been considerably worse defensively with Turner sidelined, but it’s been three years in a row now that Turner has suffered from some type of injury at the foot.

With Brogdon extended before the start of the season with roughly the same amount of money per year for two more years, I can see teams being incentivized to inquire about him.

Warren will be a free agent so the ball is in his court with what he decides to do. If there is a team that is ready to offer him a long-term contract with guaranteed money, he should accept that deal.

Suffering multiple foot injuries in Phoenix before Indiana acquired him was part of the reason the Indiana Pacers were able to acquire him for cash considerations. Bubble Warren was a fantastic experience, but he’s only played four games since then.

Turner finally has the opportunity to show why he should be the center of the present and the future. He turns 26 in March and still has his best years ahead of him. However, the injuries he suffered are worrying.

When Turner entered the draft, the reason teams were initially scared was because of his odd running form. There were serious concerns about his long-term health, but the Indiana Pacers took a chance on him. The truth is that Turner has been healthier than otherwise.

Injuries are definitely part of the game, but when it’s the same players who get hurt all the time, you can’t rely on them to be there for your team for most of the season. The front office really needs to weigh their options going forward to determine which injury-prone players are worth investing in.

Final Thoughts

I like the direction this team is taking. Tyrese Haliburton in just two games has shown so much potential you’d be a fool not to be excited.

Flexibility is the name of the game, and the Indiana Pacers are loaded into this area with: cap space, expiring contracts you can use to make signings and trades, trade exceptions, and a plethora of draft picks. This team is well placed to improve.

Kevin Pritchard gave us a lot of great quotes during that press conference that shone a light on the hope and potential for the Indiana Pacers’ future. The front office has redeemed itself from some bad mistakes made over the past few seasons with the moves they’ve made since the 2021 NBA Draft.

The momentum of the big moves being made cannot stop now. All signs point to Haliburton wanting to be in Indiana and bring this team back to its glory days.

Unlike the last three All-Stars who feared not re-signing when their contracts expired, let’s hope Haliburton is here to stay. Kevin Pritchard and company need to build a solid team to complement the abilities of their future star, Tyrese Haliburton.

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Earnings release: Here’s why analysts cut their price target LINK Mobility Group Holding ASA (OB:LINK) to 27 kr https://guwiv.com/earnings-release-heres-why-analysts-cut-their-price-target-link-mobility-group-holding-asa-oblink-to-27-kr/ Sun, 13 Feb 2022 07:03:33 +0000 https://guwiv.com/earnings-release-heres-why-analysts-cut-their-price-target-link-mobility-group-holding-asa-oblink-to-27-kr/ Shareholders of LINK Group Mobility Holding ASA (OB:LINK) will be pleased this week, given that the share price rose 15% to 15.50kr following its latest annual results. It was a good result overall, with revenue of 4.4 billion kr, about what analysts expected. Earnings are an important time for investors because they can follow a […]]]>

Shareholders of LINK Group Mobility Holding ASA (OB:LINK) will be pleased this week, given that the share price rose 15% to 15.50kr following its latest annual results. It was a good result overall, with revenue of 4.4 billion kr, about what analysts expected. Earnings are an important time for investors because they can follow a company’s performance, watch what analysts predict for the next year, and see if there has been a change in sentiment towards the company. We thought readers would find it interesting to see analysts’ latest post-earnings (statutory) forecasts for next year.

Check out our latest analysis for LINK Mobility Group Holding

OB:LINK Earnings and Revenue Growth February 13, 2022

Given the latest results, the current consensus of the two analysts at LINK Mobility Group Holding is for revenue of 5.15 billion kr in 2022, which would reflect a decent 17% increase in sales over the past 12 months. Earnings are expected to improve, with LINK Mobility Group Holding expecting to report statutory profit of 0.01 kr per share. Yet, prior to the latest results, analysts had forecast revenue of 5.12 billion kr and earnings per share (EPS) of 0.01 kr in 2022. Consensus analysts do not appear to have seen anything in these results that would have changed their view of the business, given that there was no major change in their estimates.

Absent any major earnings forecast changes, the consensus price target fell 27% to 27.00kr, suggesting that analysts might have previously hoped for improved earnings.

One way to get more context on these forecasts is to examine how they compare both to past performance and to the performance of other companies in the same industry. We emphasize that LINK Mobility Group Holding’s revenue growth is expected to slow, with the projected annualized growth rate of 17% through the end of 2022 being well below the historic growth of 31% per year over the past three years. By comparison, other companies in this sector covered by analysts are expected to grow their revenue by 23% per year. So it’s pretty clear that while revenue growth is expected to slow, the broader industry is also expected to grow faster than LINK Mobility Group Holding.

The essential

The most important thing to remember is that there has been no major shift in sentiment, with analysts confirming the company is performing in line with its previous earnings per share estimates. Fortunately, analysts have also reconfirmed their revenue estimates, suggesting that sales are in line with expectations – although our data suggests that LINK Mobility Group Holding’s revenue is expected to underperform the broader industry. Additionally, analysts have also cut their price targets, suggesting the latest news has led to greater pessimism about the company’s intrinsic value.

With that in mind, we wouldn’t be too quick to come to a conclusion on LINK Mobility Group Holding. Long-term earnings power is much more important than next year’s earnings. At least one analyst has provided forecasts through 2023, which can be viewed for free on our platform here.

It should also be noted that we found 2 warning signs for LINK Mobility Group Holding that you need to consider.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Sri Lanka calls for help amid crisis https://guwiv.com/sri-lanka-calls-for-help-amid-crisis/ Wed, 09 Feb 2022 09:00:39 +0000 https://guwiv.com/sri-lanka-calls-for-help-amid-crisis/ Amid the economic crisis that has gripped Sri Lanka and even pushed it towards bankruptcy this year, the country has urged expatriates to contribute to the survival of citizens. President’s message Reuters Recently, Sri Lanka celebrated its Independence Day on Friday, February 4, 2022, in which the The president has called on the country’s expats […]]]>

Amid the economic crisis that has gripped Sri Lanka and even pushed it towards bankruptcy this year, the country has urged expatriates to contribute to the survival of citizens.

President’s message

Reuters

Recently, Sri Lanka celebrated its Independence Day on Friday, February 4, 2022, in which the The president has called on the country’s expats (person residing in a country other than their home country) to send money home amid the nation’s struggle with the worst economic crisis for decades, the main reason for which has been the depletion of foreign exchange reserves.

On Independence Day last week, President Gotabhaya Rajapaksa said at a ceremony in Colombo: “Sri Lankans abroad who have sent foreign currency home are a major resource. I invite all expatriate Sri Lankans to invest in their homeland”.

Read also : How Sri Lanka’s economic crisis made used cars cost more than a luxury apartment

Shortage of essentials

In the economic crisis which is also becoming a humanitarian crisis, Sri Lankans are facing shortages of basic necessities. such as powdered milk, cooking gas, kerosene, etc., as cash shortages hampered imports of raw materials for manufacturing, and due to worsening inflation, which jumped to 12 .1% in December 2021.

Read also : How The Turkish Lira Crisis Is A Gain For Its Crypto Industry

What led to the crisis

Economic crisis in Sri Lanka
AFP

Over the past two years of Covid, the pandemic has dealt a heavy blow to the island nation’s economy which is heavily dependent on tourism and trade. The government has estimated a massive loss of $14 billion over the past two years.

The country’s main source of foreign exchange, i.e. remittances abroad, was reported to have fallen nearly 6% to $812 million in December 2021 from a year earlier. The fall came after the Sri Lankan government ordered mandatory foreign currency conversion and exchange rate controls.

And due to the prevailing shortage of foreign exchange, importers cannot clear their cargo and manufacturers cannot purchase raw materials from overseas, hence the crisis continues to deepen.

What’s more, Sri Lanka has already borrowed heavily and needs to repay $15 billion in international sovereign bonds.

The President said that none of the crises we are experiencing today are a long-term problem. We can find solutions for them with an optimistic approach. We have also faced critical issues in recent history and found solutions.

Now, it remains to be seen what steps the national government will take to improve the situation and get the country out of this crisis.

Read also : Afghanistan’s currency crisis leaves millions at risk of starvation

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