Exchanges get a boost from derivatives divisions

first_imgmarkets 123RF James Langton Following a year of high volatility and record trading volumes, derivatives exchanges are poised for a strong start to 2021, Moody’s Investors Service says.In a new report, the rating agency said that data from the U.S.-based Options Clearing Corp. indicated that U.S. options trading volumes reached record levels in December 2020, ending a year that had seen “a number of all-time highs” in trading action. CME launches “micro” Bitcoin futures These high volumes are positive for the large U.S. exchanges with derivatives businesses, such as Cboe Global Markets, Inc., Intercontinental Exchange, Inc. and Nasdaq, Inc., it said.“The data suggest that U.S. exchanges focused on equity derivative products are poised to report robust earnings from this source in the fourth quarter of 2020 and put 2021 volumes on a strong footing,” Moody’s said in its report.While the exchanges have been diversifying their businesses, trading volumes remain a core source of revenue, it said.“Exchange operators, especially those that also operate significant central counterparty clearing houses, benefit when market participants trade more frequently, including when hedging risks using options and futures contracts,” it said.Additionally, derivatives trading is more profitable for the exchanges than “the commoditized and highly competitive” cash equities trading business, it noted. Share this article and your comments with peers on social media Derivatives trading soars in response to pandemic: WFE OTC derivatives not immune to Covid-19 market turmoil Keywords DerivativesCompanies Nasdaq Inc., IntercontinentalExchange Related news Facebook LinkedIn Twitterlast_img read more

Consul General Commits to Maintaining Brand Jamaica’s Visibility in South Florida

first_imgRelatedConsul General Commits to Maintaining Brand Jamaica’s Visibility in South Florida FacebookTwitterWhatsAppEmail Jamaica’s Consul General to South Florida, in the United States, Sandra Grant Griffiths, has given an undertaking to ensuring that the Jamaican brand remains visible in communities in that region.This, she says, she hopes to achieve by maximising outputs from the Jamaican Consulate General in Miami.Speaking at a reception hosted for representatives of Caribbean and mainstream media entities by the Consulate General and the Jamaica Information Service (JIS), in Miami on September 17, Mrs. Grant Griffiths said she aims to position the Jamaican Mission in the southern US city, to be more “user friendly”, by taking its services to the communities in and around that metropolis and, in the process, provide individuals with information on “Brand Jamaica”.The Consul General said that, in so doing, she hoped to generate and heighten interest in and awareness of the various projects and programmes pertaining to Jamaica’s culture, and the opportunities which exist for investment in and trade with the country. These, she contended, would redound to the benefit of Jamaica’s national development, and the wider Diaspora.Mrs. Grant Griffiths, who outlined strategies of engagement, support, and facilitation in her thrust, gave an undertaking to review methodologies, mechanisms, processes, and channels already in place, to see how best these could be further developed. She stressed, however, that where positive results were being yielded there were no plans to adopt a “new and different approach” to what obtained, and pledged to engage and work with the media in this regard.The nearly 30 media representatives, who attended the reception, were taken on a tour of the Consulate’s facilities, which now occupy much larger offices in the Ingraham Building in downtown Miami, enabling it to provide improved services to its clients.A large number of Jamaicans and other Caribbean nationals in South Florida, are served through a range of media networks, covering broadcast and press facilities, web-links services, and promotional, and public relations agencies. Advertisements RelatedConsul General Commits to Maintaining Brand Jamaica’s Visibility in South Floridacenter_img Consul General Commits to Maintaining Brand Jamaica’s Visibility in South Florida UncategorizedSeptember 22, 2008 RelatedConsul General Commits to Maintaining Brand Jamaica’s Visibility in South Floridalast_img read more

13 Things to Do This Weekend: Buffs football and more

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Oct. 3, 2019 This weekend brings talks on the future of startups and the latest from Jupiter, women’s soccer, the Whaaat!? Games Festival, a look at food justice in a gentrifying Denver and more.Friday, Oct. 4Family Weekend Oct. 3–6 Enjoy this fall tradition of family events, sessions, receptions and, of course, football!Feel Good Fridays Every Friday  12:15–12:45 p.m. CU Art MuseumThere’s no better way to dive into the weekend than to feel good! Stop by this drop-in workshop for an opportunity to be led through a powerful guided meditation to undo stress, soothe the nervous system and feel better. Let all of your worries drain away. Remember to arrive on time, there is no late admittance.Take Care Street Fair 1:30–3:30 p.m. Visual Arts Complex Join your fellow Buffs for some outdoor activities, arts and crafts at the Take Care Street Fair! Free to enter with a Buff OneCard.The Future of Startups, from Unicorns to Zebras 3–4:30 p.m.  CASE E422 Join Mara Zepeda, CEO of the startup Switchboard and co-founder of the Zebras Unite network, for an open conversation on how to foster truly inclusive entrepreneurship. Coffee and snacks provided. Please RSVP here.International Coffee Hour Every Friday  4–5:30 p.m. UMC grill area Come enjoy some free coffee, cake and amazing conversations while meeting awesome new people at the weekly International Coffee Hour. Co-hosted by International Student and Scholar Services (ISSS) and CU International, it’s a fun way to unwind at the end of a long week! The dining area is located across from Alfred Packer Grill.Leo Hill Leadership Speaker Series: John Huston 6–8 p.m.  CASE, Chancellor’s Auditorium Explorer John Huston will speak about what’s required to achieve extraordinary goals. He was part of the first American team to ever cross the Arctic unsupported and can speak to the skills that helped him achieve this amazing feat. Please RSVP if you’re interested.Fri-Yay Night: Pearl Street Stampede 6:30–9 p.m. Meet at HUMN 135 Kick off your weekend with Fri-Yay Nights! Meet at Humanities 135 for pizza, then head down Pearl Street together to catch the Pearl Street Stampede.Juno: The Latest from Jupiter 7–8 p.m. Fiske Planetarium Join CU Professor Fran Bagenal for a planetarium journey to Jupiter with NASA’s Juno spacecraft. You’ll learn brand new information on what this mission is telling space scientists about the largest planet in our solar system.Saturday, Oct. 5Whaaaaat!? Festival for Games and Experimental Interactions 9 a.m. to 3 p.m.  ATLAS CenterChallenge your inner creativity by connecting with fellow Buffs and playing mind puzzling games that break rules and are interactive! The game arcade portion of the festival is free (the conference is $30) but register now to get a spot.Tour: Food Justice in a gentrifying Denver 10 a.m. to 4:30 p.m.  Meet at UMC 355 Join the CU Environment Center for an opportunity to learn from diverse leaders in Denver serving underrepresented communities in unconventional ways. The tour will take you to farmers market gardens for “food deserts”, a pay-what-you-can local food restaurant and more. Tickets are $10, scholarships are available.Buffs vs. Arizona football 2:30 p.m.  Folsom Field After a big road victory against Arizona State, the Buffs return home to take on the Arizona Wildcats. Get out and support the Buffs on what should be a gorgeous fall Saturday afternoon!Sunday, Oct. 6Buffs vs. Oregon State women’s soccer 2 p.m.  Prentup Field Support your nationally ranked Buffs (No. 13) as they take on the Oregon State Beavers on soccer alumnae day.re-membering: An MFA dance concert 2 p.m.  University Theatre, Charlotte York Irey Theatre Join MFA dance candidates Taylor Madgett and Kshitija Saturdekar for this dance concert that features classical and contemporary Indian, modern, jazz, urban styles and hip-hop.Categories:Things to DoCampus Communitylast_img read more

Most Bangladeshi operators not keen to join Internet.org

first_img Grameenphone profit jumps, data revenue rises Grameenphone numbers decline Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Author Previous ArticleCES Asia: Cars, drones and real-time consumer insightNext ArticleIntel close to acquiring Altera for $17B – reports Joseph Waring HomeAsiaNews Most Bangladeshi operators not keen to join Internet.org Relatedcenter_img Covid-19 weighs on Grameenphone earnings Bangladesh’s mobile operators reportedly aren’t interested in joining Internet.org, noting that the ‘limited version’ of the internet is not a service that would serve their customers’ needs.The country’s two largest mobile operators, Grameenphone and Banglalink, however, have introduced free access to Facebook without Internet.org, according to the Dhaka Tribune.Banglalink COO Shihab Ahmad told the Tribune that it long ago introduced free access to popular sites and apps like Wikipedia, Facebook, Twitter and WhatsApp.A representative from Grameenphone said it is in discussions with Facebook and the authorities and is looking at the benefits the service offers subscribers. An Airtel representative said it is not thinking of launching free internet services with Internet.org since it is planning its own initiative.The country’s third largest operator, Robi Axiata, launched Internet.org on 10 May.The reaction from the country’s operators follows widespread criticism over zero-rating access and Internet.org. Two weeks ago 67 digital rights organisations from around the world sent a joint letter to Facebook’s Mark Zuckerberg, which was posted on Facebook, complaining that it was not doing enough to promote net neutrality and was building a walled garden.The controversy kicked off in April when leading Indian e-commerce provider Flipkart decided not to get involved with Airtel’s sponsored data service called Zero, following protests from net neutrality supporters.Abu Saeed Khan, a telecoms consultant and senior policy fellow at LIRNeasia, told the Tribune: “We are deeply concerned as Internet.org has been misleadingly promoted with a promise to provide access to the full internet services. In fact, it only provides access to a limited number of internet-connected services that are approved by Facebook and local ISPs.” Asia AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 01 JUN 2015 Tags AirtelBangalinkBangladeshGrameenphoneinternet.orgRobizero-rating accesslast_img read more

Telenor Myanmar targets network expansion

first_img Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Asia HomeAsiaNews Telenor Myanmar targets network expansion Previous ArticleO2 chief presses ahead with IPONext ArticleBlog: Ten years on, telcos chase mindset shift Tags Joseph Waring AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 OCT 2016 Malaysia issues more registration finescenter_img Telenor books loss on $780M Myanmar write-off Telenor Myanmar will continue to expand coverage across the country, with plans to add nearly 4,000 towers in the next two years to take its total to more than 10,000 sites.Its market share has grown to 37 per cent, while state-run MPT has seen its share slip to 44 per cent from 100 per cent in the middle of 2014, when the market was opened to foreign competition. Telenor Myanmar has 17 million subscribers compared with 21 million for MPT. Third ranked Ooredoo Myanmar has just over nine million customers.Telenor said in a statement it operates more than 85,000 points-of-sale across the country.The operator celebrated its second anniversary in the country last week – it launched its first service in Mandalay on 27 September in 2014. To mark the occasion, it pledged donations of MMK170 million ($137,000), MMK10 for each active customer, to three charity organisations.On Sunday it launched multiple online self-care channels – a website, mobile app, and Facebook and Viber pages – to help customers register their SIM cards. The operator said these online self-care registration options complement existing registration services available at its designated points-of-sale and branded shops in all of Myanmar’s states and regions, and SMS-based checks.SIM registration is a requirement mandated by the government, and the Ministry of Transport and Communications recently announced that all mobile SIM cards need to be registered by 31 March. Author Myanmar presses operators to expand website blocks Related MPTnetwork expansionSIM registrationTelenor Myanmarlast_img read more

MacLaren making sense of golf through writing

first_imgHer voice matters. Meghan MacLaren isn’t a major championship winner, hasn’t won an LPGA event and isn’t among the top 250 female players in the world, but if you love the game, you really ought to get to know her work, if you haven’t already. The 25-year-old Englishwoman won her second Ladies European Tour title this year, but she’s making a mark beyond her run at the tour’s Order of Merit title. She has carved out a special place in the game beyond her own golf. She’s a gifted young writer. Her blog at megmaclaren.com is like that wardrobe in C.S. Lewis’ book within the “Chronicles of Narnia” series. It’s a gateway that leads to another world behind the one we see. MacLaren is like having Susan Pevensie in the “Lion, the Witch and the Wardrobe” as our guide, taking us on an adventure through golf’s hills and valleys, through the challenges young players face. MacLaren’s gift is in how delightfully she frames the joy and angst of the beautiful, maddening sport she loves. She writes in a way that makes you feel as if she’s sharing her thoughts with you alone. “I like sharing some of what the ebb and flow of being a professional golfer looks like, because it’s undoubtedly one of the loneliest sports on the planet,” she wrote in her latest blog, posted last week. “But we’re somehow together in that loneliness, too.” Whether she’s writing about golf or her larger life, MacLaren is seeking light. “To try and find the words to explain this path we all stumble down with varying degrees of blindness,” she wrote. Oh, MacLaren can turn a phrase. There’s elegance in her prose, as there was in the blog she posted after watching the Americans’ late rally against Europe in the bitter cold on Saturday of the Solheim Cup this fall. “The Americans who were just too cold, who wanted a warm bath and hot food and no referees and to be anywhere else in the world, lit a fire in the fading light that’ll burn until tomorrow,” she wrote. While MacLaren has some strong opinions, especially about gender pay, her appeal as a writer is often in the vulnerability she shares as she explores her world. Bottom line, she’s a young woman trying to understand how and why the world works the way it does. She says that’s really what her writing is all about. The fun is in following along as she tries to figure things out. There is grace in her point of view. She isn’t so hard-headed to think everyone has to agree with her. She’s excited by ideas, chasing them as earnestly as she chases that little white ball in her game. Getty Images There is courage in how MacLaren opens her world to us, given the stupid, cruel taunts of so many trolls in today’s social media universe. She shares her frustration with that, and with the hard lessons that come when you allow strangers into your world. Despite inevitable clashes, she’s hopeful in the common ground golf provides a bickering Twitterverse. “It’s the shared experience that connects us all, that makes us all care,” she wrote. “It isn’t rules justifications, it isn’t slow play, it isn’t the distance debate, it isn’t the gender pay gap. “It’s the complexities and intricacies of each of us versus the sport. It’s why we, as a golf world, cared about Brendon Todd winning the Bermuda Championship. It’s why we cared that Haley Moore got her LPGA card. It’s why we cared when Steven Brown did more than just secure his European Tour card in Portugal. It’s why I write, and why I put it out there for people to see. “Whatever level of golf you play or understand or coach or watch, you get it. You get how one day you can have a confidence that can make you fly, and the next day you can be in a black hole of anguish that makes you question everything.” MacLaren was raised in a golf family in Northamptonshire, England. Her father, David, is the head of the European Tour’s senior circuit. Her mother, Mary, is also in golf, running a company that brings Americans over to play in the United Kingdom and Ireland. Meghan helped Great Britain and Ireland win the 2016 Curtis Cup and played at Florida International University in Miami. She studied English and literature and minored in political science. She began enjoying writing in school. “It helped develop a different part of me, away from golf,” she told GolfChannel.com. “The more you write, the more you develop your own style.” MacLaren says her writing became a way to sort her thoughts, which really became a way to sort life. “The actual act of writing is where, I guess, I come closest to finding answers to what I’m wrestling with, or making sense of what I’ve been thinking about,” she told GolfChannel.com. “The reason I want to write, a majority of the time, is because something’s been niggling at me.” Sometimes, what is “niggling” at her is how frustrating finding golf form can be. She wrote about “Corpus Callosum” last year. “It’s the name given for the structure that connects the left and right sides of your brain,” she wrote. “The place where logic meets imagination, where reason meets intuition, where fact meets trust. Maybe it’s the scientific name for that place every athlete strives to get into … the place every athlete knows is where the magic happens.” While MacLaren was pleased to get another LET victory this year, she was frustrated falling short of getting an LPGA tour card at Q-Series this fall. She was also frustrated coming up short in a bid to make the European Solheim Cup team. “This year’s been a bit of a rollercoaster,” MacLaren said. “I feel like I’ve been to both ends of the emotional spectrum more than ever before, but it’s all led me to believe in myself more than I ever have, too . . . Right now, the best players in the world are on the LPGA, so getting there seems like my best guiding path, but there may well be different ways of doing that. I love playing on the LET and the opportunities there are getting stronger and stronger. So, I’ll wait to see what my best options are when all the relevant schedules are out.” Through the ups and downs of tour life, MacLaren has found writing medicinal. “Write when it hurts,” she once blogged. “Then write till it doesn’t. “I don’t know if I write because things hurt, or if I write just because it helps me make sense of things.” MacLaren’s skills don’t just help her sort out life. They can help anyone reading her.last_img read more

Dembski and Wells’s The Design of Life: Advanced Online Curriculum Available Now!

first_imgEducation Congratulations to Science Magazine for an Honest Portrayal of Darwin’s Descent of Man Requesting a (Partial) Retraction from Darrel Falk and BioLogos Email Print Google+ Linkedin Twitter Share Origin of Life: Brian Miller Distills a Debate Between Dave Farina and James Tour Intelligent Design Dembski and Wells’s The Design of Life: Advanced Online Curriculum Available Now!Sarah ChaffeeJune 26, 2017, 8:30 AM TagscurriculumDaniel Reeveseducationintelligent designJonathan WellsMichael BeheThe Design of LifeWilliam Dembski,Trending Jane Goodall Meets the God Hypothesiscenter_img Sarah ChaffeeNow a teacher, Sarah Chaffee served as Program Officer in Education and Public Policy at Discovery Institute’s Center for Science and Culture. She earned her B.A. in Government. During college she interned at Representative Jaime Herrera Beutler’s office and for Prison Fellowship Ministries. Before coming to Discovery, she worked for a private land trust with holdings in the Southwest. Share Email Print Google+ Linkedin Twitter Share “A Summary of the Evidence for Intelligent Design”: The Study Guide A Physician Describes How Behe Changed His MindLife’s Origin — A “Mystery” Made AccessibleCodes Are Not Products of PhysicsIxnay on the Ambriancay PlosionexhayDesign Triangulation: My Thanksgiving Gift to All Recommended “When future intellectual historians list the books that toppled Darwin’s theory,” says biologist Michael Behe, “The Design of Life will be at the top.” Today we release an online companion to The Design of Life — following on the heels of our first foray into online learning with Discovering Intelligent Design. It’s accessible here!Mathematician William Dembski and biologist Jonathan Wells’s 300-page book provides a college-level overview of scientific criticisms of neo-Darwinism and the evidence for intelligent design.Delve into the data surrounding the origin of life, specified and irreducible complexity, genetics, the fossil record, human origins, natural selection, and more. As Dembski and Wells write:If design is so readily detectable within various special sciences, and if its detectability is one of the key factors keeping scientists honest, why should design be barred on a priori grounds from biology? What if biological systems exhibit patterns that clearly reveal design? The point of this book is to show that such patterns do exist in biological systems and that there are no good reasons for barring design from biology.We’ve turned one of the intelligent design movement’s most celebrated classics into an advanced curriculum helpful for those who want to educate themselves more deeply. The online companion to The Design of Life features PDF chapter summaries covering main themes of the book, supplementary videos, and nine self-grading quizzes.“Perhaps you’ve always wanted to learn more about biology, chemistry, and math in order to engage more effectively in the evolution debate,” said Daniel Reeves, Educational Outreach Assistant for Discovery Institute’s Center for Science & Culture. “Here is your opportunity — register and get ready to explore the evidence!”Like the Discovering Intelligent Design resources, this latest offering is hosted on our learning platform DiscoveryU. Powered by Thinkific, DiscoveryU is compatible with most devices. Check it out now!last_img read more

ID Inquiry: What About Antibiotic Resistance?

first_img Share Congratulations to Science Magazine for an Honest Portrayal of Darwin’s Descent of Man Email Print Google+ Linkedin Twitter Share Email Print Google+ Linkedin Twitter Share It’s a perennial challenge to ID proponents. As an Evolution News reader wrote in to ask: “How does intelligent design explain the fact that the development of resistance to antibiotics [in certain bacteria] appears to demonstrate conclusively that evolution is a fact?” How does ID explain the “fact” that evolution is a “fact”? Well, as I mentioned here the other day, ID is itself a theory of evolution, in competition with the alternative Darwinian theory. Or as biologist Ann Gauger told ID the Future host Rob Crowther in a classic episode, “It depends on what you mean by evolution.” Download the podcast or listen to it here.“ID Inquiry” is an occasional feature at ID the Future. Want to pose a challenge or ask a question of your own to a Discovery Institute scientist? Write to us here.Photo credit: Dr Graham Beards at en.wikipedia [CC BY-SA 4.0], via Wikimedia Commons. Requesting a (Partial) Retraction from Darrel Falk and BioLogos TagsAnn Gaugerantibiotic resistancebiologyDiscovery InstituteevolutionID the Futureintelligent designpodcastRob Crowtherscientists,Trending Jane Goodall Meets the God Hypothesiscenter_img Intelligent Design Origin of Life: Brian Miller Distills a Debate Between Dave Farina and James Tour Medicine ID Inquiry: What About Antibiotic Resistance?David [email protected]_klinghofferMay 26, 2019, 4:24 AM “A Summary of the Evidence for Intelligent Design”: The Study Guide Recommended A Physician Describes How Behe Changed His MindLife’s Origin — A “Mystery” Made AccessibleCodes Are Not Products of PhysicsIxnay on the Ambriancay PlosionexhayDesign Triangulation: My Thanksgiving Gift to Alllast_img read more

FAA Shutdown to Continue as Congress Leaves

first_img Email WASHINGTON – The government is likely to lose more than $1 billion in airline ticket taxes because lawmakers have left town for a month without resolving a partisan standoff over a bill to end the partial shutdown of the Federal Aviation Administration.The government already has lost more than $200 million since airlines are unable to collect taxes on ticket sales because the FAA’s operating authority has expired.The Senate recessed on Tuesday until September, erasing any possibility for quickly resolving the issue. The House left Monday night.Caught up in the partisan acrimony are nearly 4,000 FAA employees who have been furloughed. The FAA also has issued stop work orders on more than 200 construction projects, threatening the jobs of thousands of other workers. Air traffic controllers, however, remain on the job.The debacle could have had an upside for airline passengers because ticket taxes, which typically average about $30 on a $300 round-trip fare, are suspended during the shutdown. But airlines decided to pocket the windfall. Within hours of the shutdown on July 23, most airlines raised their fares by amounts equivalent to the taxes that disappeared.Transportation Secretary Ray LaHood called airline CEOs to complain and lawmakers have sent letters demanding the fare hikes be reversed and the profits be placed in escrow. But their howls have largely been ignored. Airlines collectively lost about $440 million in the first six months of this year, according to the Air Transport Association.Some passengers will be due tax refunds if they bought their tickets and paid taxes before the shutdown, but their travel took place during the time airlines no longer had authority to collect the money. Airlines and the Internal Revenue Service are quarreling over who will handle the complicated and expensive process of getting those refunds to passengers.President Barack Obama implored Congress on Tuesday to settle the dispute before leaving town, calling the stalemate “another Washington-inflicted wound on America.”LaHood, a former GOP congressman, conveyed the same message in a series of private meetings on Capitol Hill and in phone calls to lawmakers, but was unable to clinch a deal.Sen. Jay Rockefeller, D-W.Va., chairman of the Senate committee that oversees the FAA, held out the possibility that if the Senate were able to pass a bill acceptable to Democrats, it could still be approved by the House using obscure parliamentary procedures, and sent to the White House.But his House counterpart, Rep. John Mica, R-Fla., ruled out that possibility. The only way left to end the shutdown is for the Senate to agree to a previously passed House bill containing $16.5 million cuts in air service subsidies to 13 rural communities that some Democrats — particularly Rockefeller — find objectionable.“The only one holding this up now is Mr. Rockefeller,” Mica said. One of the 13 communities that would lose subsidies is Morgantown, W.Va.The entire air service subsidy program costs about $200 million a year, roughly the amount the government lost in uncollected ticket taxes in the first week of the shutdown. The program was created after airlines were deregulated in 1978 to ensure continued service on less profitable routes to remote communities. But critics say some communities receiving subsidies are within a reasonable driving distance of a hub airport.Subsidies per airline passenger range as high as $3,720 in Ely, Nev., to as low as $9.21 in Thief River Falls, Minn., according to the House Transportation and Infrastructure Committee.Senate Majority Leader Harry Reid, D-Nev., said Republicans were trying to force Democrats to accept policy concessions they would be unable to enact through normal legislative procedures. Democrats tried repeatedly over the past two weeks to pass a bill extending the FAA’s operating authority without the subsidy cuts, but were blocked by Republican senators each time.“Republicans are playing reckless games with airline safety,” Reid said in a statement. “We should not let ideology interfere with making sure that Americans’ air travel runs as smoothly and safely as possible.”Underlying the subsidy dispute, was a broader, more politically-charged dispute over a labor provision inserted by House Republicans into a separate, long-term FAA funding bill. The FAA’s last long-term funding bill expired in 2007. Since then, Congress has been unable to agree on a long-term plan. The agency has continued to operate under a series of 20 short-term extensions.Democrats said the air services cuts were being used as leverage to force them to give in to the House on a labor provision, which the White House has said Obama would veto. They see the provision as part of a national effort by Republicans, both in Congress and in state capitals, to undermine organized labor.The provision would overturn a National Mediation Board rule approved last year that allows airline and railroad employees to form a union by a simple majority of those voting. Under the old rule, workers who didn’t vote were treated as “no” votes.Democrats and union officials say the change puts airline and railroad elections under the same democratic rules required for unionizing all other companies. But Republicans complain that the new rule reverses 75 years of precedent to favor labor unions.“Democrats have to decide if they are going to be the handmaidens of the labor unions in every policy,” Sen. Jon Kyl of Arizona, the No. 2 Senate GOP leader, told reporters. “Every now and then they should put the American people first instead of their constituency.”The 13 cities targeted for air service subsidy cuts are Athens, Ga.; Morgantown, W.Va.; Glendive, Mont.; Alamogordo, N.M.; Ely, Nev.; Jamestown, N.Y.; Bradford, Pa.; Hagerstown, Md.; Jonesboro, Ark.; Johnstown, Pa.; Franklin/Oil City, Pa.; Lancaster, Pa., and Jackson, Tenn. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.last_img read more

News / Union warning as DHL warehouse staff call off strike over transfer to Great Bear

first_imgBy Alexander Whiteman 09/05/2017 Despite calling off 15 days of strikes, the Unite union has warned action could still be taken if the new operator of a DHL Supply Chain site in South Yorkshire try to change employment terms and conditions.More than 120 of the 150 workers at DHL Supply Chain sites in Bawtry and Harworth voted for strike action after DHL announced it would close the latter facility.Regional Unite officer Harriet Eisner said the closure, part of a Transfer of Undertakings – Protection of Employment Regulations (TUPE) proceeding, threatened jobs.A spokesperson for DHL Supply Chain told The Loadstar the planned closure followed a customer’s decision to transfer its operation to a new provider – Great Bear Distribution in Markham Vale. The workers’ frustration was further compounded by a 1.25% pay offer – described by the union as “derisory” – for employees who transferred to the Markham Vale site.Following negotiations, DHL upped its offer to 2.6% for the year starting June 2016, which Unite said was “overwhelmingly” accepted by the workers. The deal will apply to warehouse operatives at Bawtry and Haworth.Warehouse workers were set to strike with a 24-hour walkout on 15 May, followed by three days from 25 May and 11 days from 1 June.“The DHL management made an improved offer, which was overwhelmingly accepted by our members,” said Ms Eisner. “As a result, the planned industrial strikes won’t now proceed. I would like to thank our members for the solidarity they have shown during this dispute.”A DHL spokesperson said: “Following recent discussions with Unite, we are pleased to confirm that agreement has been reached and any threat of industrial action has been withdrawn.”However, assurances from DHL about the TUPE move to Great Bear Distribution have done little to allay concerns held by the union over workers’ job security.Ms Eisner said: “We still have concerns about the new employer, Great Bear, and the risk that it may be ‘picking and choosing’ who it wishes to make redundant from those transferring.“Unite is arguing that all those who are ready and willing to relocate do so on their current terms and conditions – those for whom it is too difficult to travel to the new site, will need to be paid their contractual redundancy by Great Bear.”There also remain concerns that Great Bear may strip away some of the terms and conditions DHL staff hold, including paid breaks, collective bargaining rights and parts of the sick pay scheme.“We have put down a strong marker to Great Bear that we won’t countenance any diminution of their pay, and terms and conditions,” said Ms Eisner. “This would be a recipe for poor employment relations and could lead to industrial action.“We will continue to fight for our members’ interests,” she added.last_img read more