Mixed Economy – Ameritas UK News http://www.ameritas.co.uk/ Sun, 05 Jun 2022 18:45:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.ameritas.co.uk/wp-content/uploads/2022/02/icon.png Mixed Economy – Ameritas UK News http://www.ameritas.co.uk/ 32 32 Inflation relief is mixed as prices remain high https://www.ameritas.co.uk/inflation-relief-is-mixed-as-prices-remain-high/ Sun, 05 Jun 2022 18:41:52 +0000 https://www.ameritas.co.uk/inflation-relief-is-mixed-as-prices-remain-high/ A series of measures taken by the government over the past month to cool prices have so far proved mixed. While fuel prices have fallen significantly, food prices looked more bullish, still above where they were a month ago, according to analysis by the Mint. The two most crucial announcements were the wheat export ban, […]]]>

A series of measures taken by the government over the past month to cool prices have so far proved mixed. While fuel prices have fallen significantly, food prices looked more bullish, still above where they were a month ago, according to analysis by the Mint.

The two most crucial announcements were the wheat export ban, which drew worldwide criticism amid global shortages, and excise duty cuts on petrol and diesel by 8 per liter and 6 liters.

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Not only have the excise duty cuts been passed on to consumers, but prices have also been suspended, even as crude oil prices are on the rise again. As a result, gasoline and diesel prices are 7-8% lower than a month ago. The wheat export ban, however, did not have the desired effect.

While wheat prices have fallen in recent days, they are still about 3% higher than a month ago, according to Consumer Department data.

According to Barclays, a 10% rise in domestic foodgrain prices would typically add about 27 basis points to retail inflation.

Similarly, prices for sugar, soybeans and sunflower oil fell as export restrictions and tariff reductions came into effect. However, their prices remain higher than a month ago.

“The impact of these measures on food prices will be felt with a lag,” said Yuvika Singhal, economist at QuantEco. “While any likely price correction will be partial this month, these measures will be helpful in at least keeping the price suspended.”

A drop in fuel prices may offer relief, but oil marketing companies may soon be forced to raise them as the long 137-day freeze ahead of national elections held in March and again for two months since April has deepened the difference between the cost and the selling price. .

As of June 2, oil marketing companies were losing 17.1 per liter of gasoline and 20.4 on diesel, PTI news agency reported.

Two other important announcements, the subsidies on fertilizers and cooking gas, are targeted measures aimed only at beneficiaries.

The impact of these measures on inflation is difficult to estimate, economists say, although the fertilizer subsidy could ease input price pressures on agricultural products, the benefits of which could take a few months to manifest.

The impact of excise duty cuts on gasoline and diesel could reach 50 basis points, while retail price inflation jumped 172 basis points between February and April.

Retail price inflation is expected to peak under the Narendra Modi government at 6.7% this fiscal year, Mint reported earlier.

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Hemp, quinoa, sheep’s milk on the menu of future Taranaki producers https://www.ameritas.co.uk/hemp-quinoa-sheeps-milk-on-the-menu-of-future-taranaki-producers/ Thu, 02 Jun 2022 17:00:00 +0000 https://www.ameritas.co.uk/hemp-quinoa-sheeps-milk-on-the-menu-of-future-taranaki-producers/ SIMON O’CONNOR/STUFF/Stuff Taranaki sheep and cattle farmers Hamish and Kate Dunlop with Annabel, 4, Tommy, 1, and George, 5, among their quinoa crop. Quinoa has been identified as a commercially viable food opportunity for the region. It’s not often you see avocado, hemp, kiwi, quinoa and sheep’s milk mixed together – but they’ve been identified […]]]>
Taranaki sheep and cattle farmers Hamish and Kate Dunlop with Annabel, 4, Tommy, 1, and George, 5, among their quinoa crop.  Quinoa has been identified as a commercially viable food opportunity for the region.

SIMON O’CONNOR/STUFF/Stuff

Taranaki sheep and cattle farmers Hamish and Kate Dunlop with Annabel, 4, Tommy, 1, and George, 5, among their quinoa crop. Quinoa has been identified as a commercially viable food opportunity for the region.

It’s not often you see avocado, hemp, kiwi, quinoa and sheep’s milk mixed together – but they’ve been identified as part of Taranaki’s future saving recipe.

Venture Taranaki began releasing its branching plans this week – a list of 10 innovative and commercially viable food and fiber opportunities.

These include avocados, gin plants, grains and legumes, hemp fiber for construction, hops, native ingredients, kiwi fruit, sheep’s milk and trees.

Opportunities have been explored and validated over 18 months and are now published for use by the community and a range of interested groups and individuals to advance new ventures.

READ MORE:
* Thousands of avocados planted in Taranaki
* Oaonui avocados on your toast?
* The horticultural potential of 207,000 hectares of Taranaki

Shining Peak brewer Jesse Sigurdsson says hops can have regional flavors.

VANESSA LAURIE / Stuff

Shining Peak brewer Jesse Sigurdsson says hops can have regional flavors.

It is hoped that the diverse bouquet of opportunities will support the region’s long-term vision for a resilient, high-value, low-emissions future.

“Progress will only be possible with buy-in from the community and investors, and real commitment from existing players,” said Anne Probert, Managing Director of Strategy and Regional Sectors at Venture Taranaki.

“We have identified a list of companies that embrace innovation, growth and offer market potential, creating value and resilience for our regional economy.”

Shining Peak’s head brewer, Jesse Sigurdsson, welcomed the idea of ​​local hops, which he currently sources from Nelson and overseas.

“It’s always nice to use local, because it supports the community and comes back into the economy, it also takes a lot of freight miles and carbon footprint, credits like that out of the equation.

“The hop side of brewing, I would compare it a lot to wine and grapes and the difference you get from grapes grown from region to region. So we could get this amazing growth here that you can’t get anywhere elsewhere, because of the climate and our soil.

A number of farmers and producers in the region are already taking advantage of the opportunities that Venture Taranaki has highlighted.

In a press release, Venture Taranaki said more than 70 ha were already under development or under serious consideration for avocado development.

Mason Hareb plans to plant thousands of avocado trees in Taranaki.

LISA BURD/Stuff

Mason Hareb plans to plant thousands of avocado trees in Taranaki.

These include entrepreneur Matthew Hareb, who is establishing a 30-hectare avocado orchard near Brixton.

Last year, Hareb said he planned to eventually plant 12,000 avocado trees.

Gin plants are also on the list of industries likely to operate on a large scale in Taranaki.

Taranaki’s Juno Gin husband and wife team David and Jo James are already helping to develop local suppliers for their ingredients.

David said the local business community, as well as Taranaki’s fertile soils and climate, all lend themselves to entry into high-value, low-footprint or low-footprint crops.

One of the hardest parts for businesses getting established — and especially those that involve growing a product — is managing cash flow, David said.

“I think that would be the biggest hurdle. The skills, the knowledge of how to farm and the quality of the land, all of those things are here.

There are other examples of successful ventures as shown in the plans.

A 26-hectare kiwifruit orchard has been developed in Waitōtara, and hemp has been used to create a new pataka kai in the Marfell Community Garden.

Melody Te Patu and Arohaina Owen with the award-winning Kaitahi As One smoothie drops which are stocked in supermarkets nationwide.

SIMON O’CONNOR / Stuff

Melody Te Patu and Arohaina Owen with the award-winning Kaitahi As One smoothie drops which are stocked in supermarkets nationwide.

Indigenous superfoods are transformed into healthy foods and drinks by Kaitahi As One of South Taranaki, whose products are stocked in supermarkets nationwide.

Venture Taranaki has identified 270,000 ha of land suitable for horticulture, including 3,667 ha of land where owners have identified opportunities for diversification.

Venture Taranaki general manager Kelvin Wright said Taranaki has a long history of food production and capabilities.

“We are now seeing a unique and diverse food tapestry developing, built on cultural, social and environmental forces.”

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Asian stocks mixed, oil prices rise above $115 https://www.ameritas.co.uk/asian-stocks-mixed-oil-prices-rise-above-115/ Tue, 31 May 2022 03:03:33 +0000 https://www.ameritas.co.uk/asian-stocks-mixed-oil-prices-rise-above-115/ Placeholder while loading article actions Asian stocks were mixed on Tuesday after reports showed China’s manufacturing slowdown is moderating as anti-virus measures on businesses in Shanghai and Beijing ease. U.S. futures rose slightly after markets closed in New York on Monday for Memorial Day. European stocks rose on Monday. Oil prices were trading above $115 […]]]>
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Asian stocks were mixed on Tuesday after reports showed China’s manufacturing slowdown is moderating as anti-virus measures on businesses in Shanghai and Beijing ease.

U.S. futures rose slightly after markets closed in New York on Monday for Memorial Day. European stocks rose on Monday.

Oil prices were trading above $115 a barrel following an agreement by European Union leaders to embargo most Russian oil imports into the bloc by the end of the month. ‘year.

The pact, part of new sanctions against Moscow, was hammered out at a summit aimed at helping Ukraine with a long-delayed new financial support package. The embargo covers Russian oil transported by sea, allowing a temporary exemption for imports delivered by pipeline. This was crucial in bringing landlocked Hungary on board a decision that required consensus.

Benchmark U.S. crude oil gained $2.77 to $117.84 a barrel in electronic trading on the New York Mercantile Exchange. It added 98 cents to $115.07 a barrel on Monday.

Brent crude, used as a pricing basis for international trade, advanced 76 cents to $118.38 a barrel.

China’s easing of anti-virus restrictions on businesses in Shanghai and Beijing has raised hopes of stronger growth in the world’s second-largest economy.

An official survey of factory activity showed a recovery in May, although still below the 50 level, indicating expansion on a scale of up to 100. The main Manufacturing Purchasing Managers Index, or PMI, rose to 49.6 from 47.4 in April.

“PMIs likely underestimate the strength of the recovery this month given that surveys mostly took place before most restrictions in Shanghai were eased,” Capital Economics’ Sheana Yue said in a report. “We suspect that the hard data expected over the next few weeks will show a stronger recovery.”

More factories, shops and other businesses are allowed to reopen this week in Shanghai and the Chinese capital, Beijing, after authorities said outbreaks were under control. The Shanghai city government has promised rent and tax cuts, faster approvals for construction projects and more subsidies for the purchase of electric cars.

The Shanghai Composite Index gained 0.2% to 3,154.44 and Hong Kong’s Hang Seng edged up 0.1% to 21,144.72.

Tokyo’s Nikkei 225 rose 0.1% to 27,404.14, while Seoul’s Kospi gained 0.1% to 2,672.33.

Australia’s S&P/ASX 200 fell 0.2% to 7,268.80. Shares also fell in Taiwan.

Futures for Wall Street’s S&P 500 index were 0.3% higher after Friday’s benchmark finished up 6.6% for the week after the surge lowered inflation.

Future Dow Jones Industrial Average futures rose 0.1%.

Investors were relieved after Commerce Department data showed that US inflation, which prompted the Federal Reserve to raise interest rates, slowed to 6.3% year on year earlier in April, its first decline in 17 months.

But concerns remain about whether the Fed can control inflation, which is at its highest level in four decades, without tipping the world’s largest economy into recession.

Crude oil prices have risen 60% this year on fears of supply disruptions from Russia, the world’s second largest exporter. Wheat prices have increased by about 50% and corn prices have increased by 30%.

The dollar rose to 128.09 Japanese yen from 127.55 yen on Monday night. The euro fell to $1.0747 from $1.0778.

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Israel: More than half of Jerusalem’s children live below the poverty line https://www.ameritas.co.uk/israel-more-than-half-of-jerusalems-children-live-below-the-poverty-line/ Thu, 26 May 2022 09:12:46 +0000 https://www.ameritas.co.uk/israel-more-than-half-of-jerusalems-children-live-below-the-poverty-line/ Ahead of Jerusalem Day in Israel, the Jerusalem Institute for Policy released its report on the capital on Thursday, revealing that it is one of Israel’s poorest cities. In 2020, 58% of children lived below the poverty line. While only 15% of Haifa residents live below the poverty line — and only 12% in Tel […]]]>

Ahead of Jerusalem Day in Israel, the Jerusalem Institute for Policy released its report on the capital on Thursday, revealing that it is one of Israel’s poorest cities.

In 2020, 58% of children lived below the poverty line.

While only 15% of Haifa residents live below the poverty line — and only 12% in Tel Aviv — in Jerusalem, Jewish residents below the poverty line sit at 32%.

This is still considerably lower than the Arab population, at 61 percent. Throughout Israel, the poverty rate among the Arab population is 39%.

Nearly half of Arab children in mixed towns live in poverty, a rate four and a half times higher than that of Jewish children, according to The media line.

More than 2.5 million Israelis currently live in poverty, including 1.1 million children, according to a December report by the Israeli organization Latet.

Among the ultra-Orthodox population of Jerusalem, 45% live below the poverty line, slightly higher than in all of Israel at 41%.

The average monthly salary of a Jerusalem resident was slightly lower than that of Israel as a whole – $2,866 compared to $3,434.

Jerusalem accounts for 10% of Israel’s total population, with the largest Jewish and Arab populations of any city in the country.

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Global Booming Mixed (Hybrid) Cloud Storage Solutions Market with Top Key Players -VMWare, Citrix, Microsoft, Alibaba, HPE, Huawei, Dell, Intel, SysCloud, Tecent, Nutanix https://www.ameritas.co.uk/global-booming-mixed-hybrid-cloud-storage-solutions-market-with-top-key-players-vmware-citrix-microsoft-alibaba-hpe-huawei-dell-intel-syscloud-tecent-nutanix/ Tue, 24 May 2022 00:27:49 +0000 https://www.ameritas.co.uk/global-booming-mixed-hybrid-cloud-storage-solutions-market-with-top-key-players-vmware-citrix-microsoft-alibaba-hpe-huawei-dell-intel-syscloud-tecent-nutanix/ Global Mixed (Hybrid) Cloud Storage Solutions Market: 2022 was recently released by the Mr Accuracy Reports. The report offers a tip on the Mixed (Hybrid) Cloud Storage Solutions Marketwhich helps business strategists make the best investment assessment. The Mixed (Hybrid) Cloud Storage Solutions market industry report includes details of the historical analysis of the Mixed […]]]>

Global Mixed (Hybrid) Cloud Storage Solutions Market: 2022 was recently released by the Mr Accuracy Reports. The report offers a tip on the Mixed (Hybrid) Cloud Storage Solutions Marketwhich helps business strategists make the best investment assessment.

The Mixed (Hybrid) Cloud Storage Solutions market industry report includes details of the historical analysis of the Mixed (Hybrid) Cloud Storage Solutions market, which has a timeline from 2017 to 2020. Current status of Mixed (Hybrid) Cloud Storage Solution market is also well discussed in the report with forecast analysis of the market till 2030. The report starts with the basic market overview of Cloud Storage Solution in mixed (hybrid) cloud, which includes the market definition, market scope and target audience. In the last section, market dynamics are thoroughly defined which includes market drivers, restraints, opportunities, challenges, market advancements in terms of technology and others.

Some of the Major Key Players profiled in the study are VMWare, Citrix, Microsoft, Alibaba, HPE, Huawei, Dell, Intel, SysCloud, Tecent, Nutanix

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Profit and affordable housing do not mix. Period https://www.ameritas.co.uk/profit-and-affordable-housing-do-not-mix-period/ Sat, 21 May 2022 10:00:06 +0000 https://www.ameritas.co.uk/profit-and-affordable-housing-do-not-mix-period/ It’s time for some unconventional thinking about the affordable housing crisis. We could start by admitting that housing and profit don’t mix. We’ve long believed this to be the case in medicine, which is why most major economies have universal health care systems dominated by nonprofit providers. With the near absence of non-profit housing providers […]]]>

It’s time for some unconventional thinking about the affordable housing crisis.

We could start by admitting that housing and profit don’t mix.

We’ve long believed this to be the case in medicine, which is why most major economies have universal health care systems dominated by nonprofit providers.

With the near absence of non-profit housing providers in Canada, it has become increasingly difficult to find reasonably priced starter homes and housing for middle-class and low-income families.

Instead, with its plethora of monster homes and luxury condo towers, our city is increasingly looking like a gated community. Like Nairobi. Or Manila.

A remedy that demands that we remove as much of the profit-seeking from housing as possible.

“The crux of the housing problem is that it is both a fundamental human right and a commodity to be profited from,” recently wrote Brian Doucet, Canada in Urban Studies at the University of Waterloo.

Most of the time, for-profit developers build high-priced housing. They do it because that’s where the big profit margins are.

That is why the instrument to make abundant affordable housing a reality is government and its non-profit housing partners. The free market cannot do it, will not do it, and it must be done.

Two false hopes cloud the vision of today’s housing reformers.

They believe that Canada is suffering from a housing shortage and that simply building more homes will solve the affordability problem.

Ottawa and the Conservatives and NDP in their Ontario election campaigns promised to build more housing, presumably on the same free market principles that produced very little affordable housing. (The Ontario Liberal housing platform is coming soon.)

They offer grants and indefinite subsidies to builders and buyers, who will build and try to buy the homes dictated by the for-profit market.

It turns out that there is no shortage of housing in Canada. Home builders keep pace with the increase in population.

Talking about this phantom shortage diverts attention from the real problem, the shortage of affordable lodging. Our starting point should be the type of homes needed and by whom, not just a count of housing starts.

The other false hope is “upzoning,” which abolishes zoning rules that have long required a demolished home to be replaced with a single-family home, in order to preserve neighborhood character.

The rezoning process is underway in Toronto and many other jurisdictions.

It encourages the building of once-excluded housing types, including duplexes, triplexes, townhouses, laneways and low-rise apartment buildings in established neighborhoods.

Superior zoning is a quick fix intended to increase density and bring justice to racialized and low-income people most affected by previous exclusionary zoning.

But in practice, upzoning looks like our old enemy of gentrification.

With the free market still deciding what gets built, often a demolished house is replaced by a low-rise apartment building with units renting for between $2,800 and $3,600 each.

Either the “knock-down” purchased by a promoter for $800,000 is replaced by a duplex, each half of which costs between $1.2 and $1.4 million.

This drives up the assessments and rents of all nearby housing, making the neighborhood even less affordable than it was before zoning.

As we continue to focus on false hope, housing prices and rents continue to soar.

In April, the benchmark price for a single-detached home in Toronto and Vancouver was $1.7 million and $2.1 million, respectively.

In its latest forecast, the Canada Mortgage and Housing Corporation (CMHC) expects current high price levels to continue into 2024.

Affordable housing will only become abundant when governments do, a mission they embraced until the early 1990s.

They built affordable housing for returning veterans after World War II and then to accommodate waves of immigrants to the GTA in the second half of the 20th century.

Canada has a long tradition of governments at all levels providing affordable housing. Non-profit, they can, as they once did, provide decent housing at reasonable prices and rents.

In the 1970s, the federal government also invested heavily in non-profit co-op housing. Co-ops are permanent affordable housing that cannot fall into the hands of speculators. Today, about 125,000 Ontarians live in co-op housing.

The famed David Crombie mixed-use co-op complex on Toronto’s waterfront can be replicated on a smaller scale, adding to existing co-ops discreetly tucked away in neighborhoods across the city.

Ottawa has committed $1.5 billion to co-op housing. But his separate $4 billion plan to increase the supply of affordable housing is expected to be guided by the Crombie project.

Two-thirds of this complex was built by non-profit developers. Left to their own devices, for-profit developers revert to the mean, which is profit maximization.

The pursuit of profit has its place in our mixed economy. But it let us down in providing affordable housing. Housing will not be a human right until we accompany this noble feeling with an abundance of affordable housing.

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After mixed GDP data from Chile, fears of recession rise https://www.ameritas.co.uk/after-mixed-gdp-data-from-chile-fears-of-recession-rise/ Wed, 18 May 2022 14:29:00 +0000 https://www.ameritas.co.uk/after-mixed-gdp-data-from-chile-fears-of-recession-rise/ May 18 (Reuters) – Chile’s economy grew rapidly in the first quarter of 2022 from a year earlier but contracted sharply quarter on quarter, central bank data showed on Wednesday, raising concerns that the country is heading into a recession. Gross domestic product (GDP) rose 7.2% from January to March from a year ago, fueled […]]]>

May 18 (Reuters) – Chile’s economy grew rapidly in the first quarter of 2022 from a year earlier but contracted sharply quarter on quarter, central bank data showed on Wednesday, raising concerns that the country is heading into a recession.

Gross domestic product (GDP) rose 7.2% from January to March from a year ago, fueled by an expansion in the service and retail sectors, and below expectations for an increase by 7.9%.

“Much of the business recorded positive numbers, with the strongest increases in service activities – in particular, personal, transport and business – and in retail trade,” the central bank said.

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Mining, agricultural, forestry and fishing activities have all declined, the bank added.

However, in seasonally adjusted terms, GDP contracted 0.8% in the first quarter from the previous three months, the data showed. This compares to an expected decline of 0.4%.

“Chile’s first-quarter GDP contraction of 0.8% q/q suggests the economy is coming back to earth after a strong 2021, and there is a growing risk of a recession this year,” Nikhil said. Sanghani, emerging markets economist at Capital Economics. .

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Reporting by Gabriel Araujo and Steven Grattan in Sao Paulo, writing by Anthony Esposito; Editing by Louise Heavens, John Stonestreet and Nick Zieminski

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Affordable Housing, Revitalized Flatbush Central Caribbean Marketplace Opens in Caton Flats • Brooklyn Paper https://www.ameritas.co.uk/affordable-housing-revitalized-flatbush-central-caribbean-marketplace-opens-in-caton-flats-brooklyn-paper/ Mon, 16 May 2022 14:40:38 +0000 https://www.ameritas.co.uk/affordable-housing-revitalized-flatbush-central-caribbean-marketplace-opens-in-caton-flats-brooklyn-paper/ Caton Flats, a new mixed-use development with 255 affordable housing units, a revitalized and expanded Flatbush Central Caribbean Marketplace and 20,000 square feet of community space, officially opened to the public over the weekend. “We are thrilled to share the new and improved Flatbush Central with the public and continue the market’s legacy as a […]]]>

Caton Flats, a new mixed-use development with 255 affordable housing units, a revitalized and expanded Flatbush Central Caribbean Marketplace and 20,000 square feet of community space, officially opened to the public over the weekend.

“We are thrilled to share the new and improved Flatbush Central with the public and continue the market’s legacy as a vital hub for Caribbean commerce as well as a unique and inviting community gathering space,” said James Johnson-Piett, CEO and Director of Urbane, the developer of the project, in a statement.

The $136 million project launched in 2015 when the New York City Economic Development Corporation selected minority-owned businesses BRP Companies and Urbane Development to design and build the mixed-use building focused on serving local businesses, the improving the quality of life of the community and supporting the neighborhood. growth.

Units in the complex will be capped at affordable to low and moderate incomes, at 40 to 130 percent of the region’s median income.

“We have a lot of work to do to meet our city’s housing needs, but Caton Flats – as a mixed-use, mixed-income project – is exactly the type of project that will get us there, while supporting neighborhoods prosperous,” said Jessica Katz, New York City housing officer. “I am honored to stand alongside the Flatbush community to celebrate this new project and especially with the 255 families we are welcoming into their new homes.”

A vendor shows off her wares at the redesigned Flatbush Central Caribbean Marketplace.Marine

In addition to providing equitable housing, the space will also house an economic mobility platform and an incubator program called the Mangrove Business Accelerator which will focus on providing Black, Indigenous and others of state-of-the-art color facilities for all kinds of industries such as cooking, production of natural body care and cosmetics, new media and textiles.

“The now reopened Central Caribbean Flatbush Market on the ground floor has been essential to the social fabric of this community for decades,” said Adolfo Carrión Jr., Commissioner of Housing, Preservation and Development for the city. . “The inclusion of the market in this project enhances a long anchor of this community and provides opportunities for culturally meaningful commerce and affordable housing for years to come.”

The new and improved Flatbush Central Caribbean Marketplace will occupy the first floor of the development displaying its expanded vendor space, a shared commercial test kitchen, and a bar and lounge.

The new reimagined market on the first floor of Caton Flats.Marine

The development’s grand opening included a lineup of live shows and family-friendly activities, like cooking and dancing, on May 13 and 14.

Mayor Eric Adams kicked off Friday’s grand opening celebration by sharing his support for Caton Flats since its inception and calling it a model of community building in New York City.

“We are building a more equitable economy that will help uplift all New Yorkers, in every neighborhood and every borough,” Adams said. “This project is a model of city-wide community development, which is why I was proud to fight for it as Borough President and even prouder to see it completed today as as mayor.

The completion of Caton Flats is the end result of a multi-year visioning process by NYCEDC, the New York City Department of Housing Preservation and Development, and the New York City Housing Development Corporation with support from Member of the counsel Dr. Una Clarke, Caribbean American Chamber of Commerce and Industry Founder Dr. Roy Hastick, local elected officials and community members.

“Investing in opportunities for small businesses and entrepreneurs is the raison d’être of SBS’s partnership with the American Caribbean Chamber of Commerce and Industry,” said Kevin Kim, Commissioner of the Department of Small Business Services at new York City. “The expanded and improved Flatbush Central Caribbean Marketplace is a bridge to economic opportunity for BIPOC entrepreneurs, a cultural hub, and a pillar of our five-borough economic recovery plan.”

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After the many failures of the ANC government, will it be… https://www.ameritas.co.uk/after-the-many-failures-of-the-anc-government-will-it-be/ Wed, 11 May 2022 22:22:52 +0000 https://www.ameritas.co.uk/after-the-many-failures-of-the-anc-government-will-it-be/ The ANC’s position is that South Africa has a ‘mixed’ economy in which the government runs some parts of the economy while the private sector runs others. Over the past few months, there have been strong indications that the balance in this debate is shifting towards a greater role for the private sector. While there […]]]>

The ANC’s position is that South Africa has a ‘mixed’ economy in which the government runs some parts of the economy while the private sector runs others.

Over the past few months, there have been strong indications that the balance in this debate is shifting towards a greater role for the private sector. While there may still be major shifts in how this debate unfolds, it’s possible that this is indeed the start of a longer-term shift. This is due to the ANC’s own internal dynamics and the fact that the state has failed in its delivery and no longer has the capacity to continue to deliver services through state-owned enterprises (SOEs).

The ANC is in an alliance with the South African Communist Party, which believes that the “dominant heights” of the economy should be nationalized. At the same time, within the ANC itself, there have always been tensions on this issue.

Considering that, as ANC President Gwede Mantashe once said, “economics is the essence of politics”, it is not surprising that a political party in government would want to control so much the state as possible.

Moreover, given our history and the way the apartheid government used its political power to control the economy, there was and still is a need to transform the economy. The greatest agent available to do this is the state and the resources it commands.

And so, until now, this has been a major element of the economic policy of the ANC. It was said that the government, through state-owned enterprises and other agencies such as the Public Investment Corporation, should help transform the economy and deracialize it properly.

However, in recent months there have been strong indications of a change in this policy.

First, the decision taken by the Minister of Public Enterprises Pravin Gordhan to sell the majority of shares in SAA.

Although the final details are still not public (and neither is the SAA information). financial results in recent years), the Takatso Consortium is expected to own 51% of what remains of the airline. This is after the South African government spent almost R50 billion supporting the airline since 2007.

Secondly, the announcement, confirmed again this week in a new white paper, that private operators will be able to use public railways. Technically, these railways are a national asset.

But now Transnet will lease time on the lines to the private sector. The hope is that it will bring more investment and some semblance of service to the people of this country.

These developments are concrete examples of what the ANC now formally proposes. Although the final versions of his discussion papers have yet to be released, some leaks have suggested that they are moving a lot in that direction.

Bloomberg reported that the documents indicate that the SOE model is “dead”.

Other reports have suggested that the documents, when finally published, may well indicate a move toward privatization, or at least a greater role for the private sector.

There is much to consider here about why the debate may shift to a privatization model.

The first is the simple SAA lesson.

Nearly R50 billion was paid to the struggling airline, with no benefit to anyone. It’s not just that SAA was looted around the time of the state capture. It is that despite all this state support, there is nothing left. From what is known of the Takatso agreement, the government will still have to pay the bill for its remaining debts.

And this despite the moral problems that emerge from a system in which the government of the liberation movement of the most unequal country on Earth subsidized an airline that only the rich and middle class could use.

But SAA is far from an isolated example.

Transnet has big problems to operate its railway systems. The pandemic, associated infrastructure theft, and other miscellaneous issues have resulted in the need for as much capital as possible.

In the supply of electricity, President Cyril Ramaphosa himself has said that there is a serious risk of relying on only one entity, Eskom, for electricity production.

For those in favor of privatization, the failure of Eskom, partly because of the ANC’s own mistakes and partly because of people like Brian Molefe, Anoj Singh and Matshela Koko at the time of the capture of the state, is an important example of how an entire critical enterprise can collapse.

Many would also agree that allowing the private sector to generate electricity and sell it to the grid is the only way to ensure that there is enough electricity and that the national grid allows the rich to subsidize the poor. And to ensure that we are not condemned to a future in which the economy collapses for lack of a reliable power supply and where only golf islands have light while the poor languish in the dark.

They would argue that only the private sector can save these entities and provide proper services to people, businesses and the economy.

In short, if private sector money can ensure that trains run properly on the Transnet railways, then Exxaro will no longer be able to lose so much money because it cannot export coal during a commodity boom.

The same can be said for SAA and so many others; it’s hard to argue for government ownership when all the organizations he leads have failed and most of them pose a systemic risk to our country.

However, there are also important pitfalls that should be avoided. And those who oppose privatization have valid points to make.

First, it may be important to ensure that government assets are not sold, given away, or stolen through corruption. The hollowing out of the Russian state in the 1990s and the oligarchs created during Yeltsin’s era are clear examples of what to avoid.

Furthermore, those able to invest in what was previously state-owned could reap the rewards for many years and possibly overexploit the opportunity. This risks re-entrenching inequality in South Africa, which will lead to greater problems.

To ensure that this does not happen, very careful decisions must be made.

For example, the new policy allowing private sector operators to use public railways may be correct, as it allows access but does not just sell the asset to the highest bidder. And it must be possible to quickly cancel or modify contracts if necessary.

Also, allowing private sector investment in our power sector, but not changing the ownership of Eskom itself, may also be correct, for the same reason.

It is important to note what has changed in our national debate in this regard.

In 2010, 2011 and to some extent in 2012, the ANC seriously discussed the nationalization of private mines. Then, at Nasrec in 2017, the debate turned to the expropriation of land without compensation.

The nationalization of mines argument ended when Julius Malema was expelled from the party. The land expropriation resolution was eventually passed, but the ANC appears to have abandoned attempts to amend the Constitution on the issue.

Now it seems that what may be the most contentious issue at an ANC conference concerns privatization or a greater role for the private sector.

This signals a complete shift in direction from moving left to moving in a business-friendly direction.

While some will only blame Ramaphosa for this, it’s certainly not the first time. Like from 2014under President Jacob Zuma there was strong evidence that the ANC was moving to the right.

However, instead of real policy changes, Zuma had other, narrowly personal ambitions.

This time the right turn could be more meaningful and change our country in fundamental ways. DM

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Economic Benefits of Women’s Choice Whether or Not to Have Children https://www.ameritas.co.uk/economic-benefits-of-womens-choice-whether-or-not-to-have-children/ Sun, 08 May 2022 07:35:22 +0000 https://www.ameritas.co.uk/economic-benefits-of-womens-choice-whether-or-not-to-have-children/ In terms of addressing unmet family planning needs and population control, public family planning policies in India have had mixed success. Choosing to be a mother and when to be is one of the most important choices a woman makes in her life. It has major implications – not only for a woman’s personal health […]]]>

In terms of addressing unmet family planning needs and population control, public family planning policies in India have had mixed success.

Choosing to be a mother and when to be is one of the most important choices a woman makes in her life. It has major implications – not only for a woman’s personal health and well-being, her independence, her career and her ambitions, but it also has far-reaching consequences at the level of the whole economy – in tackling poverty and income inequality in households, in realizing the sizes and a demographic dividend useful for economic growth, by targeting the youth bulge and the corresponding risk of social unrest and political violence , on the level of carbon emissions and in the fight against climate change, etc. Yet millions of women in India and other developing countries around the world are still deprived of this choice. 43.5% of the reproductive age population in India are still not using modern contraceptives for family planning (NHFS 2019-20), Maternal Mortality Rate (MMR) is still very high in many northern states of India – to more than 130 deaths per 100,000 live births.

In terms of addressing unmet family planning needs and gaining control over the population, public family planning policies in India have had mixed success. In fact, with the current population of 1.40 billion, we are on course to become the most populous country within the next year or two (China, by comparison, currently has around 1.45 billion people). population and is expected to continue to have low fertility rates in years to come). With effective family planning policies and practices having a significant impact on achieving each of the 17 Sustainable Development Goals (SDGs), the cost of any additional laxity in this direction is very high.

According to a study published by the Copenhagen Consensus Center, family planning is considered the second best investment for global development after trade liberalization – and “achieving universal access to contraception could bring health and economic benefits to term worth $120 for every dollar”. dedicated to family planning. In terms of achieving the SDGs, family planning has a direct impact on poverty, hunger, health, education, inequality – household incomes, especially for poor households, improving with costs of reduced health and not. dependents, and women should participate more in the labor force. Population control benefits the environment with reduced pressure on natural resources and reduced carbon emissions. At the macroeconomic level, lower fertility and mortality rates improve economic growth (and job opportunities) by taking advantage of the demographic dividend with the no. younger and smaller dependents in relation to the working population.

In recent years, the National Rural Health Mission (NHRM), 2030 Agenda of SDGs, Family Planning Summit 2020 and National Health Policy 2017 have had a major influence on public family planning policy in India. With the launch of the NHRM in 2005, female health workers at the community level embarked on individual-level communication for public health systems. Other political declarations stressed the importance of decentralization and community participation. Although the NHRM has had a significant influence on key family planning and health indicators, it should be noted that total spending on family planning has stagnated over the years. This budgetary allocation for family planning in national and state budgets must increase, and must in particular take into account the unmet contraceptive needs of the group of reproductive age. Access to reproductive health services and sexual health education for adolescents and adolescent girls also needs to improve.

In addition to contraceptive provisions and sexual health education, socio-cultural factors that influence fertility such as age at first birth and the gap between children, educating girls for maternal well-being and childhood, labor market opportunities for women, etc. should be better dealt with by politics. “The Cost of Family Planning in India” – a study by the Population Foundation of India, projects if proper investments in family planning are made until 2031, 1.2 maternal lives could be saved, 206 million Unsafe abortions could be avoided, a fifth of childbirth care costs and child hospitalizations could be reduced, and India’s GDP could increase by 13%.

The author is the founding Faculty of Economics of Plaksha University. The opinions expressed are personal.

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