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first_img Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS The South Pasadena Tournament of Roses is the oldest self-built float in the parade. This year’s entry is called “Never Give Up” and was drawn from their archive of designs to fit the theme “Echoes of Success.” It features the Tortoise and the Hare from Aesop’s Fables and promotes the idea of perseverance.“It’s not so much about the success but the journey to success,” said Janet Benjamin, Decoration Chair.Volunteers carefully work to apply floral materials like eucalyptus bark, which was gathered from the War Memorial Park in South Pasadena, dried chickpeas and pinecones. Flowers started arriving on Wednesday and it will be a team effort to finish the float by parade day.“It really is a community building event,” said Benjamin. “We have so many people that come year after year – it really is like a family.”Volunteers included local high school students, out of town visitors and parade-fans looking to check float decorating off their holiday bucket list.South Pasadena’s float has a decorated Barbie hidden on the float every year. Benjamin explains that this tradition comes from a child who was reluctant to stop playing with a Barbie during float decorating and their parent decorated and sent the Barbie on the float as a joke. This year, Barbie will be dressed as a Ninja Turtle.Another special feature is the back of the float decorations. Many floats focus on the front and ignore the back of their floats but the South Pasadena Tournament of Roses always makes a point to add something fun. Look out for a turtle, the same one that rode on last year’s float.Be sure the catch the South Pasadena Tournament of Roses float on January 2. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * Community News Here’s a Sneak Peek at South Pasadena’s 2017 Rose Parade Float Story and Photography by VERONICA AN Published on Wednesday, December 28, 2016 | 1:42 pm Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty12 Most Breathtaking Trends In Fashion HistoryHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyWho Was The Hollywood ‘It Girl’ The Year You Were Born?HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeauty Make a commentcenter_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Top of the News 5 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Name (required)  Mail (required) (not be published)  Website  Community News Subscribelast_img read more


first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Applicability of Contempt Sanctions in Bankruptcy Next: Addressing Race in Home Inventory and Rental Policies January 20, 2020 972 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Ties Between ‘Global Uncertainty’ and Housing Trends The Ties Between ‘Global Uncertainty’ and Housing Trends The Best Markets For Residential Property Investors 2 days ago  Print This Post Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Mike Albanese housing market 2020 trade wars treasury yields 2020-01-20 Mike Albanesecenter_img Sign up for DS News Daily fcd1aa2d-5b26-4754-ab6b-8342360620f8Analysis from First American Financial Corporation says global uncertainty—such as the conflict between the U.S. and Iran—impacts not only geopolitical relations but also the U.S. housing market. “When global investors sense increased uncertainty, there is a ‘flight to safety’ in U.S. Treasury bonds, which causes their price to go up, and their yield to go down—U.S. homebuyers benefit from this dynamic,” said Mark Fleming, Chief Economist at First American. Fleming said the 30-year fixed-rate mortgage follows the 10-year Treasury bond. Since the end of the recession, the 30-year fixed-rate mortgage remained 1.7 percentage points higher than the 10-year Treasury yield. He added that if this trend continues, and the 10-year Treasury yield dips to 1.5% due to uncertainty and a global “flight to safety,” then the 30-year fixed-rate mortgage could fall as low as 3.2%. “The 30-year, fixed-rate mortgage fell to its lowest level in a month in response to the decline in the 10-year treasury yield on the morning after the U.S. airstrike in Iran,” Fleming said. First American reported that the second-largest shift in the 30-year fixed-rate mortgage since the end of the Great Recession occurred following the 2016 Presidential election. Mortgage rates increased to 3.94% from 3.57% the week after the election. A few months earlier, the U.S. Treasury bond yield declined by 0.29 percentage points and mortgage rates fell 0.29 percentage points in the weeks that followed the “Brexit” vote in June 2016. “More recently, the decline in mortgage rates since the beginning of 2019 has been partly due to uncertainty around the outcome of U.S.-China trade relations, including the largest single-week decline in the mortgage rate (0.22 percentage points) since the end of the Great Recession in March 2019,” Fleming said. First American’s Real House Price Index from October 2018 found that the 10-year Treasury yield was 1.7% and the 30-year fixed-rate mortgage was 3.7%. With an average national household income of nearly $66,400, consumer house-buying power, the combination of one’s income, and the prevailing mortgage rate was $418,000.Fleming said that even a small change in the 10-year Treasury yield—even a small drop of 1.6%—would bring a mortgage rate of 3.3%. “Assuming no change in household income, that would mean a house-buying power gain of $21,000, a five percent increase. Amid uncertainty, the house-buying power of U.S. consumers can benefit significantly,” he said. Related Articles in Daily Dose, Featured, Market Studies, News Tagged with: housing market 2020 trade wars treasury yields Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more


first_imgStatewide—Preliminary results from a scientific study aimed at measuring the spread of the novel coronavirus in Indiana show a general population prevalence of about 2.8 percent of the state’s population.  As part of the first phase of the study, a collaboration of the Indiana State Department of Health and the Fairbanks School of Public Health, researchers tested more than 4,600 Hoosiers between April 25 and May 1 for viral infections and antibodies of SARS-CoV-2, the novel coronavirus that causes COVID-19. After analyzing these test results, IUPUI public health researchers determined that during the last week in April, 1.7 percent of participants tested positive for the novel coronavirus and an additional 1.1 percent tested positive for antibodies—bringing the estimated population prevalence of the virus in the state to 2.8 percent, or approximately 186,000 Hoosiers who were actively or previously infected as of May 1, Dr. Nir Menachemi said.As of the same date, the state’s testing showed about 17,000 cumulative cases—not including deaths—suggesting that only about one out of every 11 true infections were identified by tests focused on symptomatic or high-risk people. Dr. Menachemi also said the research team also found that almost 45 percent of people who tested positive for active viral infection reported no symptoms at all.Additionally, the study found some differences across the state’s 10 Public Health Preparedness Districts. District 9, Southeastern Indiana, which experienced an early facility-based outbreak, was observed to have the highest prevalence of the virus in the general population.last_img read more


first_img1 Federico Viviani Leeds United are trailing Roma midfielder Federico Viviani.The Elland Road side are gearing up for a promotion push next season and they have set their sights on Italy Under-21 ace Viviani.The 22-year-old, who emerged from Roma’s academy, has managed only six Serie A appearances for the capital club and has spent the majority of the past two seasons out on loan.Now sources in Italy claim Leeds could offer him an escape route from the Stadio Olimpico.Viviani, who is valued at around £2m, has three years left to run on his deal at Roma.last_img read more


first_img0Shares0000Sadio Mane celebrates his goal for Liverpool against Spartak Moscow in a UEFA Champions League tie. PHOTO/Daily MailLONDON, United Kingdom, Jan 2 – Liverpool manager Jurgen Klopp has revealed that his players gave Sadio Mane a standing ovation after the 2-1 win against Burnley in the Premier League on Monday.The Reds were made to work hard for their three points at Turf Moor. The teams were locked at 0-0 until the 61st minute when Mane produced the opening goal as he found the back of the net from the edge of the area. Johann Gudmundsson equalised in the 87th minute, but Ragnar Klavan netted the winner in stoppage time to clinch victory for the visitors. However, it was Mane who received the plaudits in the dressing room.“We came into the dressing room and the whole team got up and gave him big hands,” Klopp told Sky Sports. “It’s not the easiest time in this moment, it’s not fluent, but scoring that goal shows pure class, so I am really happy about that.”“In so many moments he is strong, quick, so many things. And in the other moments where it doesn’t click, he scores a goal like this and it is like ‘wow’,” he added.“He came into the dressing room and the whole team got up and gave him a hand, because they know. He will be back on top.“He has made steps. We need him, we need him so much for all the things that are coming. I am happy because I had a lot of players with moments where it wasn’t clicking and they never scored. Sadio still scores, and that’s really cool!”0Shares0000(Visited 5 times, 1 visits today)last_img read more


first_imgJust how “miraculous” was South Africa’s transition from apartheid to democracy? How close did the country really come to civil war?Check out our press clipping snapshots of the 72 days leading up to Nelson Mandela’s inauguration as SA’s first democratically elected President – and see how heavily the odds were stacked against “the rainbow nation”.18 APRIL 1994City braces for marchJohannesburg is bracing itself for Inkatha Freedom Party mass action – now scheduled for tomorrow – after the last-minute postponement of the planned march to ANC headquarters.Traffic chaos hit the city centre this morning as roads were sealed off in case of unscheduled mass action by members of the IFP Youth Brigade.The Star, Monday 18 April 199419 APRIL 1994Oosterbroek among slainThe Star’s award-winning chief photographer, Ken Oosterbroek, was among several people killed in violence on the East Rand yesterday.At least 16 people have died in East Rand townships in the past three days.Oosterbroek died and two other photographers were injured during a firefight between hostel dwellers and National Peacekeeping Force troops in Tokoza.The Star, Tuesday 19 April 1994Game park invites you to vote with prideMost South Africans are half expecting to fight their way through mayhem to cast their votes, but some will do it in style.The Sabi Sands reserve in the eastern Transvaal is offering a half-price election special. “Enjoy the luxury and safety of voting at Ulosatu Game Lodge – security guaranteed (40-strong resident lion pride)”, says the advert.Business Day, Tuesday 19 April 199420 APRIL 1994IFP for pollSouth Africa was yesterday rescued from the brink of a political tragedy when the Inkatha Freedom Party finally agreed to contest the country’s first nonracial elections, to be held next week.The announcement follows five days of intensive meetings between IFP president Chief Mangosuthu Buthelezi, State President FW de Klerk and African National Congress president Mr Nelson Mandela.Buthelezi, Mandela and De Klerk acknowledged the shuttle diplomacy of Kenyan roving ambassador Professor Washington Okumu, who brokered the negotiations leading to the historic inclusive settlement.Sowetan, Wednesday 20 April 1994NP loses its place at the bottomThe National Party has lost its sought-after spot on the very bottom of the national ballot paper only days after putting up posters telling voters: “To be tops, vote at the bottom.”The last-minute deal struck between the Government, ANC and IFP in Pretoria yesterday will see stickers bearing the IFP’s name, logo and a picture of Chief Mangosuthu Buthelezi stuck on to the white space at the bottom of the ballot papers – below the National Party.The Star, Wednesday 20 April 199421 APRIL 1994Joy as IFP plunges inTens of thousands of Inkatha Freedom party supporters marched through Ulundi yesterday to the Legislative Assembly building to celebrate the decision by the party to enter the election.Sowetan, Thursday 21 April 1994Buthelezi promises IFP will accept election outcomeInkatha Freedom Party president Mangosuthu Buthelezi said yesterday Inkatha would accept the results of next week’s elections, if they were endorsed by the international community.Business Day, Thursday 21 April 1994Foreign investors return as buyersForeign investors returned as net buyers of SA equities and gilts last week after offloading substantial amounts of their holdings earlier in the month.Latest JSE trading statistics for the week ended April 15 showed there was an inflow of R292.89m from an inflow of R490.499m in the week ended April 8.London-based merchant bank Barings finance head Christopher Kemball said international funds could channel another $4bn into SA after the elections if the country’s risk rating improved.Business Day, Thursday 21 April 199422 APRIL 1994Flag comes down on old regimeThe new South African flag will be ushered in one minute after midnight on Wednesday – April 27 – when the new flag is hoisted and the Interim Constitution comes into operation.This signals the end to decades of minority rule.At a minute to midnight on Tuesday the present flag will be lowered for the last time to the strains of Die Stem.And at one minute past mid-night the new flag will be hoisted while the new anthems, Nkosi Sikelel’ iAfrika and Die Stem, are being played.The Star, Friday 22 April 1994Clinton’s pledge to SAWashington – Nelson Mandela and FW de Klerk together are a “strong rebuke to the cynics of the world”, according to US President Bill Clinton.In an interview at the White House with the editor-in-chief of The Star, Richard Steyn, and the editor of Sowetan, Agrey Klaaste – the first given to South African journalists – the president said it would be difficult to overstate the significance to the American people of next week’s South African election.Emphasising that the US intended to be a full partner of South Africa from the beginning, Clinton said he would shortly be announcing “substantial” assistance for building SA economically.The Star, Friday 22 April 1994CP in disarray as councils back ViljoenThe CP was in disarray yesterday as Freedom Front leader Constand Viljoen rejected a pact with it and CP-controlled councils deserted the party and urged whites to vote for Viljoen.At the same time the Freedom Front will sign an accord, which does not meet any of the CP’s demands for a right-wing electoral pact, with the ANC and government in Cape Town today.Business Day, Friday 22 April 199423 APRIL 1994Rallies called in final bid to woo votersANC leader Nelson Mandela and Inkatha Freedom Party leader Mangosuthu Buthelezi are to speak at massive election rallies in Durban this weekend in a final bid to win voters in KwaZulu/Natal.Weekend Star, Saturday 23 April 1994‘I’m so proud of Nelson’London – Nelson Mandela’s former jailer James Gregory has spoken out about the man he now regards as “closer than a brother”.In a two-page newspaper interview yesterday, Gregory, who guarded the ANC leader for more than 20 years, admits he started out with instructions to do everything he could to demoralise the man he was told was a terrorist. But something in Mandela stirred Gregory. “He was different.”Weekend Star, Saturday 23 April 1994We’re out of this joint, say angry Green candidatesTwo of the Green Party’s candidates in the Western Cape have left the party in outrage at a manifesto which calls for the legislation and mass production of dagga as a purportedly ecologically sound alternative resource.Weekend Star, Saturday 23 April 199424 APRIL 1994Final step to freedomSouth Africa embarks this week on a second round of revolutionary change after completing a near-miraculous transition from apartheid to democracy.The midweek election is recognised around the world as a momentous and triumphal event, the completion of an impossible journey against the odds.For South Africa, the election marks the end of 342 years of white hegemony; for Africa, it completes the liberation of a continent; for the world, it is the final repudiation of institutionalised European racism.Sunday Times, Sunday 24 April 1994Now is the timeApartheid and centuries of white domination finally end next week when millions of our people, African, white, coloured and Indian, cast their vote to elect South Africa’s first democratic government.The elections mark the most momentous event in our country’s history, ending nearly 350 years of racial domination, conflict and polarisation.By finally consigning that ugly word – APARTHEID – to history, South Africans are on the threshold of giving the world a racial miracle.City Press, Sunday 24 April 1994Final step to freedomThe Octogenerian and the teenager. He’s 81. She’s 19. And they’ll both be absolute beginners on election day. Walter Sisulu, oldest member of the ANC’s executive committee, and Johannesburg secretary Kim Schultz will be voting for the first time on Wednesday.Sisulu, vice-president of the ANC, was imprisoned on Robben island after the Rivonia Trial in 1964 and released in October 1989. He’ll be drawing his first ever cross for the ANC. Kim, who hails from Stilfontein and works in downtown Johannesburg, is keeping her vote secret.Sunday Times, Sunday 24 April 1994The story continued …1 – 6 March 19947 – 13 March 199414 – 20 March 199421 – 27 March 199428 March – 3 April 19944 – 10 April 199411 – 17 April 199418 – 24 April 199425 April – 1 May 19942 – 8 May 19949 – 11 May 1994Research, photos: Ndaba DlaminiWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more


first_imgMOST READ “For the SEA Games, we can figure out ways to overpower the opposition,” Reyes said. “It’s a lot different in Asia.”Sports Related Videospowered by AdSparcRead Next Pacquiao picks Mayweather over McGregor Don’t miss out on the latest news and information. Photo by Tristan Tamayo/INQUIRER.netTAIPEI – With the way Filipinos are sized, the outside shot remains to be Team Philippines’ equalizing factor in international games.Gilas Pilipinas’ dismal performance from the perimeter on Wednesday night, when the Filipinos went down to South Korea after going 0-for-26 from three-point range, is the exact nightmare that coach Chot Reyes doesn’t want to have when the Asian Championship comes around next month.ADVERTISEMENT FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Trump strips away truth with hunky topless photo tweet Hotel says PH coach apologized for ‘kikiam for breakfast’ claimcenter_img Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Lacson: SEA Games fund put in foundation like ‘Napoles case’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games “We need to make those shots,” Reyes said. “In Asia, we have to have our three-point shooters connecting.”To be ranged against bigger and equally agile foes in Lebanon from Aug. 8, the Filipinos don’t hold an advantage against any team in the field and would need to be at their finest form every night.READ: Gilas falls to South KoreaFEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsWith his 24-man pool to be split practically in two with the Philippines to defend the Southeast Asian Games gold medal from August 20 in Kuala Lumpur, Malaysia, it’s not difficult to conclude that all of the great shooters will be in the team Reyes will form for Lebanon.Reyes will have all the tools in addressing that aspect of the Gilas game for Beirut, with Jason Castro, Terrence Romeo and Matthew Wright, RR Pogoy and Jio Jalalon candidates to make that team. Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant LATEST STORIES View comments The big question is who will be the main outside guns in Malaysia.READ: It’s final: PBA veteran superstars to beef up Gilas in Fiba Asia in LebanonPro rookies Kevin Ferrer and Mike Tolomia and sophomore Baser Amer and amateurs Kiefer Ravena, Kobe Paras and Bobby Ray Parks form the core of the SEAG team that will try to uphold Southeast Asian supremacy dating back to the 1991 edition in Manila.The first and only time that the Filipinos failed to win the basketball gold in the SEAG was also in Kuala Lumpur in 1989.Reyes, though, is not that much concerned defeating the field from the outside in Malaysia, with Christian Standhardinger slated to see action there.ADVERTISEMENTlast_img read more


first_imgSEA Games: Biñan football stadium stands out in preparedness, completion BREAKING: Corrections officer shot dead in front of Bilibid D’Angelo Russell scored 33 points on 13-of-24 shooting for the Nets, who lost for only the second time in the last 11 games.The Hornets won despite an off night from their bench. Aside from Parker, Charlotte’s reserves were 3 of 21 from the field.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefThe Hornets (17-17) bounced back from the loss in Brooklyn on Wednesday, when Joe Harris stole a loose ball at midcourt and drove for the go-ahead layup with 3.4 seconds left in the second OT for a 134-132 victory.Charlotte seemed extra motivated coming out of the gates, jumping out to a 35-17 lead in the first quarter behind 15 points from Lamb and 10 from Zeller. The Hornets never trailed in the game. UP NEXTNets: Visit Bucks on Saturday.Hornets: Visit Wizards on Saturday night.Sports Related Videospowered by AdSparcRead Next LATEST STORIES Private companies step in to help SEA Games hosting PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Zach LaVine carries Chicago Bulls past Washington Wizards TS Kammuri to enter PAR possibly a day after SEA Games opening LOOK: Joyce Pring goes public with engagement to Juancho Triviñocenter_img View comments SEA Games: Biñan football stadium stands out in preparedness, completion Hotel management clarifies SEAG footballers’ kikiam breakfast issue The Nets didn’t help themselves, shooting 24 percent in the opening quarter.But Brooklyn would battle back to cut the lead to five midway through the fourth quarter behind 11 points from Shabazz Napier. That’s about when Parker, an 18-year veteran, took over, scoring on mid-range jumpers and drives to hole. Parker shot 8 of 10 from the field in the fourth quarter.TIP-INSNets: DeMarre Carroll had 15 points off the bench. … Allowed 54 points in the paint. … Shot 4 of 27 from 3-point range.Hornets: The team honored longtime broadcaster Steve Martin at halftime for his 30 years of service. … Nic Batum and Marvin Williams, two of the most composed Hornets players, both picked up rare technical fouls in the third quarter.ADVERTISEMENT MOST READ Charlotte Hornets’ Kemba Walker (15) celebrates after making a basket against the Brooklyn Nets during the first half of an NBA basketball game in Charlotte, N.C., Friday, Dec. 28, 2018. (AP Photo/Chuck Burton)CHARLOTTE, N.C. — Kemba Walker scored 29 points and made seven 3-pointers, Tony Parker had 17 of his 19 points in the fourth quarter and the Charlotte Hornets avenged a double-overtime loss to the Brooklyn Nets earlier this week with a 100-87 victory on Friday night.Jeremy Lamb added 19 points and Cody Zeller had 14 points and 10 rebounds as Charlotte improved to 13-7 at home.ADVERTISEMENT Don’t miss out on the latest news and information. Is Luis Manzano planning to propose to Jessy Mendiola?last_img read more


first_imgzoomIllustration. Image Courtesy: Pexels under CC0 Creative Commons license An anti-corruption project aiming for port calls without demands for in-kinds payments, harassment, or the threat of illicit delays has been completed in Nigeria with positive outcomes. Nigeria is one of the most challenging countries to do business in with unlawful demands commonplace, according to Danish Shipping.For the shipping industry there are numerous steps in the vessel clearance process which lead to inefficient operations and increase the opportunity for illegitimate demands in ports.As an example, an analysis carried out by the Maritime Anti-Corruption Network and United Nations Development Programme concluded that it can take more than 140 signatures to get a vessel or cargo cleared by the local authorities.“Unlawful demands put a huge risk on vessel crew and shipping companies. Cases of extortion, harassment and threats of violence are, unfortunately, not uncommon,” according to Danish Shipping.“It is of upmost importance for the shipping sector that trade and port calls are free from any illicit demands that cause iniquitous delays and stressful situations for the crew,” Maria Skipper Schwenn, Executive Director, Danish Shipping, said.The Maritime Anti-Corruption Network has been active in Nigeria for a number of years and has been able to push for improvements in ports processes. With funding from several donors the network has been able to develop a platform of tools to improve the port environment.These tools have been tested in Nigeria with positive feedback and have been further enhanced by an integrity training kit for port officials. A recent survey of shipping companies calling at ports in Nigeria has demonstrated that the anti-corruption project had a positive effect on the operating environment in the country.To date the project has supported the implementation of harmonized operational procedures in ports, the establishment of a grievance mechanism process, and has carried out an integrity training program for 1,000 stakeholders in Nigeria together with Martine Anti-Corruption Networks local partner.last_img read more


first_imgNew York: Prime Minister Narendra Modi on Wednesday invited global businesses to invest in India, saying the historic reduction in corporate tax rates by his government created a golden opportunity and promised more measures to improve the business climate. Speaking at the Bloomberg Global Business Forum here, the Prime Minister said India offers a golden opportunity for investment in the country. “If you want to invest in a market where there is scale, come to India… If you want to invest in start-ups with a huge market, come to India…If you want to invest in one of the world’s largest infrastructure ecosystem, come to India,” he told global corporates. Also Read – India gets first tranche of Swiss account details under automatic exchange frameworkModi further told the gathering that India is rapidly modernising its cities and equipping them with the latest technology and citizen-friendly infrastructure. “Thus if you want to invest in urbanisation, come to India,” he said. He said India had also opened its defence industry “like never before” and sought investments in the sector. There is a government in India which respects the business world and values wealth creation, he said, adding the government has been taking big and hard decisions to improve the business environment. “Let me tell you; the new government is only three-four month old. I want to assure that this is only the beginning. Still, there is a long way to go. In this journey, we want to partner with the global business community. This is a golden opportunity for you,” Modi said. India is aiming to become a USD 5 trillion economy by 2024-25.last_img read more

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