News / Court to decide Flexport-WGA aircraft contract dispute after mediation fails

first_img Flexport and Western Global Airlines have failed to reach agreement a year after they put their dispute over an aircraft contract before a private mediator.Now a judge has ruled they must attend a pre-trial telephone conference on 28 January, submitting a joint letter seven days beforehand describing the case and the prospect of settlement.Western Global Airlines’ request for the case to be decided by an arbitrator was denied by the court, which supported Flexport’s argument that there was some ambiguity in the contract over dispute resolution processes, and that the court was the correct jurisdiction for resolution.The two parties have been in dispute since July 2019, after Flexport switched aircraft provider to Atlas Air. By Alex Lennane 10/12/2020 WGA, which was contracted to provide Flexport with a 747-400F between Hong Kong and Los Angeles on a weekly basis between 1 April 2018 and 31 March 2021, argued that Flexport had breached its contract when it terminated it early.Flexport argued that WGA’s 747-400BCF aircraft was inoperable for three months. WGA offered instead an MD-11F, which suffered from “a seemingly endless series of mechanical failures and delays”.Flexport terminated the agreement, claiming WGA failed to meet the agreed operational performance when its schedule reliability rate dropped below 80% in March and April 2019.The case has highlighted how the initial deal was reached, following a dinner in Miami attended by head of air freight for Flexport Neel Jones Shah and WGA’s chief executive, James Neff, who then relinquished the negotiations to Steve Dix, vice president sales and marketing.It also reveals a sad end to a partnership which began in optimism: an email exhibited from Mr Neff to Mr Jones Shah ended with: “I am confident that Flexport and Western Global will be spectacular long-term partners with unlimited potential!”last_img read more

Industry insiders are upbeat about 2018, but that doesn’t mean more hiring

first_img About the Author Reprints Despite widespread optimism about the tax cut bill racing through Congress, biopharma insiders across the U.S. say they’re not expecting to add new jobs at their companies in the coming year, a new STAT Plus survey finds.Nearly 6 in 10 respondents said it’s unlikely their companies will be expanding. Nonetheless, they remain bullish on the industry at large, with more than half expressing strong confidence that biotech will have a good year. What is it? [email protected] Opinions+ @cooney_liz General Assignment Reporter Liz focuses on cancer, biomedical engineering, and how patients feel the effects of Covid-19. By Elizabeth Cooney Dec. 15, 2017 Reprints NordWood Themes/Unsplash What’s included?center_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Elizabeth Cooney Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Industry insiders are upbeat about 2018, but that doesn’t mean more hiring Log In | Learn More Tags biotechfinancepharmaceuticlspolicypoliticsSTAT+last_img read more

Chinese Government Must Stop the Forced Repatriation

first_img Pence Cartoon: “KOR-US Karaoke” Is Nuclear Peace with North Korea Possible? Analysis & Opinion [imText1]Citizen’s Coalition for Human Rights of Abductees and North Korean Refugees and Families of Prisoners of Korean War held a press conference on February 1, in front of the Chinese Embassy in Seoul. The statement the two organizations gave out this day urged for: 1. open apology by the Chinese government 2. Promise from the Chinese government to stop the forced repatriation of the North Korean defectors, and 3. South Korean government’s commitment to bring Mr. Han Man Taek and other five hundred POWs remaining in North Korea back home. The participants of the press conference tried to enter the Chinese embassy for personal dialogues with the Chinese ambassador. However, as were rejected at the gate, they protested by throwing eggs at the embassy and fought with the police. “We wished for at leas the remains of my father but of only half of his remains returned of which we buried in the national cemetery. We blame the government of South Korea for having failed to protect its own citizens,” cried out Lee Yeon Soon, daughter of Lee Kyu Man who was a former POW. Suh Young Seok, the former North Korean president of a new organization still in preparation called Group of Families of Prisoners of Korean War said, “U.S. has received at least the bones of the dead by paying North Korea, but what has South Korean government done?” and heavily criticized the government. About the newly starting organization, he explained, “We will request the government to set the priority bring POWs and their families remaining in North Korea or defected in China back to South Korea.” Suh further talked about his deceased father who was also a POW in North Korea, and added that he will also work or the recovering honor of the POWs. By Yang Jung A – 2005.02.02 6:26pm AvatarYang Jung A SHARE Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center center_img Analysis & Opinion RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Chinese Government Must Stop the Forced Repatriation Analysis & Opinion Analysis & Opinion last_img read more

Foreign Currency Controls Will Not Work

first_img News By Kim So Yeol – 2010.01.13 3:10pm News News News North Korea tries to accelerate building of walls and fences along border with China AvatarKim So Yeol SHAREcenter_img Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Following North Korea’s currency redenomination, domestic use of foreign currency was made illegal, and the state is now trying to enforce what can be called a “foreign exchange concentration system,” placing access to foreign currency entirely in its own hands. However, economists say that such a policy will only increase the value of foreign currency in North Korea over time, as Koh Il Dong, Senior Research Fellow at the Korea Development Institute (KDI), explained in his recent report, ‘Ripple effect and outlook for North Korea currency swap and par value unit change,’ published in KDI Review of the North Korean Economy. “Currently, North Korea is trying to utilize a strong foreign exchange concentration system,” Koh explains in the report, “However, since the domination of the dollar is already rampant, the question lies in whether such dirigisme will have any effect.”A “foreign exchange concentration system” is a system in which it is mandatorily required for local residents and corporations to sell to or deposit their foreign currency reserves in a bank or with the state, theoretically in order for the state to distribute foreign exchange reserves most efficiently.Koh explained that, under this system, “All foreign currency is mandatorily required to be exchanged for North Korean currency. Even foreign visitors are making payments for goods and services with North Korean currency now.”However, he explained, “The legal tender of North Korea, in which the people have already lost trust due to continuing high rates of inflation, has actually lost its status even more following this measure, the practical demand for foreign currency will have increased, and if North Korea continues to implement a strong foreign exchange concentration system, it will increase the ‘risk premium’ of foreign currency and increase its market price.” The vast majority of consumer goods sold in North Korea are imported from China. The market price in North Korea is arrived at from the market exchange rate coupled to the Chinese market price plus a profit margin. Therefore, a fluctuating exchange rate in future will be directly incorporated into the market price. Koh anticipates that the ultimate victims of the decree prohibiting foreign currency usage will be the nouveaux riche who have accumulated considerable wealth by colluding with the authorities. As a consequence, he expects strong resistance from this group, but, as he also points out, “If the regime turns a blind eye to them and allows them to possess or distribute hard currency, the dual structure of the North Korean economy will deepen. The disappointment and frustration of residents will be amplified in that case.” “Generally, currency redenomination can achieve a desirable result when prices are stabilized for some period of time by a reliable macroeconomic policy,” Koh concedes, however “the current economic situation of North Korea is somewhat different. Price uncertainty has already taken hold in the everyday lives of residents. If the North Korean regime fails to take on the distribution function of the market, there is a high possibility of more severe future instability in the North Korean economy.”Meanwhile, Koh stated that, based on the policies of the North Korean government from the currency swap until now, considerable resources are being expended to restrain market activity. Not only that, but, as The Daily NK has reported, “North Korea is providing monetary compensation to workers and farmers who conform to the existing system in the form of salaries and bonuses, to avoid the dissension of classes from within the system.” There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Foreign Currency Controls Will Not Worklast_img read more

First half of 2013 will be tough for investors: CIBC

Fiona Collie Share this article and your comments with peers on social media Economy lost 68,000 jobs in May The report offers three reasons for the stronger showing in 2013. The first is that the total number of hours worked as reported in Statistic Canada’s national household survey is up 0.2% despite low employment numbers. Secondly, the report points to the recent rebound in auto sales, an indicator of consumer confidence, as a reason why the first economic numbers for 2013 should be positive. Thirdly, a recent slowdown in exports to the U.S. may be about to change. CIBC’s report suggests that a slight disparity between U.S. sales of North American cars and Canadian auto output leaves room for higher production and export levels in the first quarter. As well, U.S. data, which tracks oil imports, indicates an improvement through mid-February of exports from western Canada. One thing investors need to stop hoping for in the economy, according to the CIBC report, is help from corporate coffers. Corporations are not building up cash because they are afraid or hesitant about the economy, says Avery Shenfeld, chief economist, CIBC, in Toronto. Instead, corporations are acting out a long-term strategy. “[Corporations] have been building up cash relative to other assets since 1990,” he says. “And essentially that’s because other assets like short-term inventories and accounts receivable have been declining.” As such, rather than from corporations specifically, the report suggests that future economic strength will come from ongoing global growth because of the likely higher demand for Canadian resources and exports. However, Shenfeld says, investors will have to be patient to see improvements in the Canadian economy and markets. “The first half [of the year] may be tough for investors,” he says, “but by the second half of 2013 we might see markets looking ahead to a growth pick-up in 2014.” Related news Facebook LinkedIn Twitter Keywords Economic forecasts The Canadian economy will have a stronger showing in the first quarter of 2013 compared to the last half of 2012, according to a report by Toronto-based CIBC World Markets Inc. However, investors will have to wait until 2014 for any real good news about the economy. CIBC predicts real GDP growth of 2% for the first quarter in 2013. That’s coming of a weak 0.6% in the fourth quarter of 2012. Stagflation is U.S. economists’ biggest fear, SIFMA says OECD raises outlook for Canadian economic growth this year read more

Peace Corps Palooza at CU-Boulder March 11

first_img Published: March 5, 2013 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Thinking about joining the Peace Corps? Learn about the experience from Peace Corps volunteers who have served all over the world, during the Peace Corps Palooza on Monday, March 11, at 6 p.m. in the UMC Glenn Miller Ballroom. The event will include round table discussions, snacks, information sessions and a keynote speech from Ryan Van Duzer, a CU-Boulder and Peace Corps alumnus who served in Honduras.After finishing his service in Honduras, Van Duzer rode his bike home from Honduras to Colorado. He works as a Bike Advocate and also as a TV Host/Presenter. He has produced and hosted over 70 videos for the Travel Channel and also worked with NPR, National Geographic and the History Channel.”The Peace Corps offers graduates a chance to travel abroad — expenses paid —  and work at the grass root level in all types of communities,” said Cedar Wolf, director of the Peace Corps recruiting office. “If this sounds good to you, definitely come to the Palooza and learn more.”Students will have the opportunity to talk with Peace Corps volunteers who have served in locations across the globe, including Guinea, Senegal, Swaziland, Ecuador, Ghana, Togo, Nepal, South Africa, Namibia, Tanzania, Nicaragua, St. Vincent and the Grenadines, Thailand, Mali and the Philippines.CU-Boulder ranked No. 4 nationally in 2013 for graduates serving in the Peace Corps with 93 alumni posted in 43 countries. For a decade, CU-Boulder has been in the top four as a volunteer-producing school. CU-Boulder’s overall Peace Corps participation is ranked the fifth highest of all time with 2,353 alumni having served since 1961.Schedule of Events: 5:45-6:00 Doors Open6:00-6:05 Event Begins6:05-6:20 Dance Performance by Dance of the Heart6:20-6:30 Cedar Wolf, “The Peace Corps Legacy”6:30-6:40 Ryan Van Duzer, RPCV Honduras6:40-6:50 Dance of the Heart Closing Performance6:50-8:00 Peace Corps Open House – RPCV & Student Round Table Discussions; Students Invited to Visit Info Booths and Display TableSeveral other student and community organizations will also be represented at Palooza, including AmeriCorps, Intercambio, Volunteer Resource Center, Cross-Cultural Solutions, Study Abroad, Engineers without Borders, Peace Corps Master’s International and Empower Women in Africa.For more information visit Visit the CU-Boulder Peace Corps event page on Facebook.last_img read more

From the Chancellor: Celebrating the class of 2020; Fall planning updates

first_imgDear CU Boulder students, faculty and staff,Please join me in celebrating the great accomplishments of more than 6,500 graduates who graduate tomorrow in our first virtual commencement. I invite you to take part in the celebration, and if you are marking this milestone, I hope you will celebrate safely. This is a defining moment for our graduates. Their college career has occurred during a time of rapid societal change. Titanic shifts in culture, politics, health and economics have defined their time at CU Boulder. These events have challenged our students’ resilience, awakened their spirit of collaboration and summoned their selflessness.While the CU Boulder class of 2020 is one that will always be uniquely remembered, it is also carrying forward the powerful legacy of its predecessors. Buffs have always responded when faced with challenges, and our class this year joins CU alumni who have helped our nation and world overcome, succeed and thrive as a global society.The Buff graduating class of 1918 faced both World War I and the great influenza pandemic. A generation later, Buff graduates endured the Great Depression and answered the national call to action in World War II. CU students helped to lead and win the Space Race and played key roles in establishing the Peace Corps, as well as environmental and civil rights. They have been a source of innovation, achievement and creativity for decades. CU graduates have always balanced their personal transformation with the evolution of their communities.The class of 2020 now takes its place among this vibrant and storied community of Forever Buffs, reminding us of the inscription above the west door of Norlin Library: “Enter here the timeless fellowship of the human spirit.”  Central to making this timeless fellowship real is our faculty, whose dedication to the pursuit of knowledge, devotion to scholarship and constant mentorship has guided the journey of our undergraduate and graduate students.  Key to the faculty’s success is the role of staff, who has provided the scaffolding for this journey: the logistical support, the technology and the countless other tasks that lay the groundwork for successful research, creative scholarship, teaching and service.Key to our students’ success over their time at CU are their parents, families and friends, who have guided and supported them holistically and provided encouragement during each step of their journeys to this day, especially during the rapid transition of the last two months.Congratulations to our 2020 graduates, and to the parents, families, friends, faculty and staff who have supported them!  Fall planning updateToday I anticipate receiving the recommendations of the Academic Year 2020-21 Planning Team, which has now received more than 1,500 inputs from across the campus community and shared its initial recommendations during input sessions with our campus community earlier this week. I look forward to reviewing their report and to announcing the specific next steps we will be taking toward delivering a safe, flexible, COVID-ready in-person campus experience this fall—and I understand you are all eager for those details to solidify. I will share a more detailed update on our progress next week.Proposed fall tuition: Zero percent increaseDuring the input sessions on Wednesday, we announced that in an effort to ensure access for our students and their families during this time, we are recommending to the CU Board of Regents that there be no tuition increase for incoming students this fall. This proposal is subject to the board’s review and approval. Operational updateThis week, we announced a gradual resumption of on-campus research beginning Tuesday, May 26, and reaching up to 25% by late June. This applies to researchers, and they must go through an approval process. Any work that can be done remotely should continue to be done off campus to help minimize the spread of COVID-19. I want to thank everyone for their continued collaborative work as a challenging spring semester comes to a close, summer sessions are on the horizon and we work diligently toward fall.We are Buffs together,Phillast_img read more

South Coast Highway Improvement Study to be Completed This Fiscal Year

first_imgMinister of State in the Ministry of Transport, Works and Housing, Hon. Richard Azan says the South Coast Highway Improvement study is at an advanced stage and is to be completed this fiscal year.He made the disclosure during his contribution to the 2014/15 Sectoral Debate in the House of Representatives on Wednesday, May 28.The study includes the road from Port Antonio, Portland to Harbour View, St. Andrew and from Mandeville, Manchester to Negril, Westmoreland.Being undertaken by the National Works Agency (NWA), through funding from the Inter-American Development Bank (IDB), the study will assess and design the preferred alignment of the proposed South Coast highway from Port Antonio to Harbour View (Phase I); and Negril to Mandeville (Phase II).Also, he said the replanting of mangroves along the Palisadoes shoreline project has been allocated $50 million during the financial year.In the meantime, he said the Elegant Corridor Lighting Project will get underway this year, utilising a grid-powered street lighting option.“The tender process is well advanced and the contract is expected to be (signed) shortly,” he informed.Meanwhile, Mr. Azan said work will begin shortly on the Toms River to Agualta Vale in St. Mary and Sour Sop Turn to Chapleton in Clarendon.With regards to the Sour Sop Turn to Chapleton in Clarendon, he said the Minister of Transport and Works, Hon. Omar Davies will sign the contract next month to start phase one of the 10.5 kilometres of road project. RelatedGovernment Advances Streamlining of Infrastructure Development Application Process RelatedWorks Ministry to Introduce System to Streamline Road Cutting FacebookTwitterWhatsAppEmail Story HighlightsThe South Coast Highway Improvement study is at an advanced stage and is to be completed this fiscal year.The study includes the road from Port Antonio, Portland to Harbour View, St. Andrew and from Mandeville, Manchester to Negril, Westmoreland.The study will assess and design the preferred alignment of the proposed South Coast highway from Port Antonio to Harbour View (Phase I); and Negril to Mandeville (Phase II).center_img Advertisements RelatedJamaica Secures 2 Million Airlift Seats for Summer Season South Coast Highway Improvement Study to be Completed This Fiscal Year ParliamentMay 30, 2014Written by: Chris Pattersonlast_img read more

House moves legislation to define lines of authority for courthouse security

first_img The House has voted unanimously to approve a measure that would more clearly define lines of authority for courthouse security.Without discussion, the House voted 118-0 on February 20 to approve HB 131 by Rep. Stan McClain, R-Ocala.The measure was spurred by a 2017 dispute between a Southwest Florida sheriff and chief judge over security issues. A subsequent legal challenge raised separation of powers issues. Both sides reached an agreement after the Second District Court of Appeal ruled in favor of the chief judge.The proposed bill would clarify that sheriffs and their deputies are “officers of the court” when providing courthouse security.Under the measure, sheriffs would retain authority over the implementation of security and chief judges their decision-making authority to protect due process rights.The measure would also require sheriffs, county commissions, and respective chief judges to coordinate the development of a comprehensive security plans for trial court facilities.A companion, SB 118 by Sen. Joe Gruters, R-Sarasota, unanimously cleared the Appropriations Subcommittee on Criminal and Civil Justice and the Senate Judiciary Committee. House moves legislation to define lines of authority for courthouse security Feb 24, 2020 By Jim Ash Senior Editor Top Storieslast_img read more

Appeal for information after thieves target Omagh shop

first_imgHomepage BannerNews By News Highland – November 8, 2017 Facebook Google+ Appeal for information after thieves target Omagh shop Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ Journey home will be easier – Paul Hegarty News, Sport and Obituaries on Monday May 24th Police in Omagh are appealing for information following a theft from a shop on the Derry Road, Omagh yesterday. It was reported that sometime between 1:30 & 1:35 pm two suspicious males entered the premises and took a number of food items.One is described as 5ft 5 inches tall with short dark spikey hair, in his 40’s, clean shaven wearing glasses, black quilted jacket, blue jeans and black shoes.The second male is described as 5ft 9 inches tall, receding hairline, bald on top, clean shaven, wearing denim jeans, white T-shirt and a waxed three quarter length jacket.Anyone with information is asked to contact Police at Omagh Police Station on 101. Important message for people attending LUH’s INR clinic center_img Pinterest WhatsApp Twitter Previous articleTyrone and Derry boards fill managerial posts for the coming seasonNext articleDonegal Museum urging people with interest in WW1 to review ‘Book of Honour’ News Highland WhatsApp Twitter Facebook Harps come back to win in Waterford DL Debate – 24/05/21 Arranmore progress and potential flagged as population growslast_img read more