George Orwell’s 1984 has shot to the top of bestseller lists because Trump

Share George Orwell’s 1984 may be a perennial classic, but it’s been a long time since it was at the top of bestseller lists. Until now, that is…The novel, first published in 1949, has shot to the top of Amazon’s best sellers list – with its rise attributed by many to the Trump administration’s use of the phrase “alternative facts”.  Wednesday 25 January 2017 10:32 am In fact, so popular has it been, Penguin has had to print another 75,000 copies, according to CNN. “We put through a 75,000 copy reprint this week,” a Pengiun spokesperson told the broadcaster. “That is a substantial reprint and larger than our typical reprint for ‘1984’.”Why all the fuss? On Sunday, Trump’s special adviser, Kellyanne Conway, told an NBC reporter press secretary Sean Spicer was using “alternative facts”, after some of his comments – including ones about the size of the audience at the President’s inauguration – were called into question by the media.That led to many accusing Conway and Spicer of using “newspeak”, a phrase invented by Orwell in 1984 to describe a fictional language in which facts are distorted by simply erasing certain words. George Orwell’s 1984 has shot to the top of bestseller lists because Trump whatsapp In the novel, those in control try to prevent individual thought with “doublethink”, described by Orwell as “the power of holding contradictory beliefs in one’s mind simultaneously, and accepting both of them”. Although 1984 is currently the best-selling book in the US, in the UK’s version of Amazon’s best seller list it is in 13th position.Read more: Trump is wrong: Protectionism leads to misery, not prosperity Emma Haslett whatsapp read more

Miton shares leap 10 per cent as asset manager reports 70 per cent profit jump and management shake-up

There have been two large tie-ups announced in recent months at the top end of the asset management industry, between Henderson and Janus and Aberdeen Asset Management and Standard Life.Asked if he expects consolidation at his end of the market, Barron said: “From our perspective, we can thrive as an independent firm. We’ve got financial strength, we’ve got a good market position, we don’t need to take a lot of market share off other people to grow.“I think there may be others who want to look at that, but… if you have distinctiveness and you run your firm sensibly with good cost control, I think there’s still a good future for independent small firms.”Read more: Jupiter boss plays down M&A rumours: “We’re not looking to be acquired”What the company saidDighé added: Miton shares leap 10 per cent as asset manager reports 70 per cent profit jump and management shake-up More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com William Turvill whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBedtimezMan Gives Girlfriend A Necklace, 2 Years Later She Screams When She Realizes What’s InsideBedtimezanymuscle.comDiabetes and kidney failureanymuscle.comLas Vegas Real Estate | Search AdsReal Estate Prices in Las Vegas Might Surprise YouLas Vegas Real Estate | Search AdsArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles SkillWeniixTop 5 best sports cars 2021 – WENIIXWeniixFitSavage18 Stretches to prepare you for doing the splitsFitSavageHotPopToday25+ Hilarious Boating Fails Just Don’t Make SenseHotPopTodayhttps://recipesdreams.comTOP 10 simple recipes to recycle overripe bananashttps://recipesdreams.comHorizontimesRemember Her? Wait ‘Till You See Her NowHorizontimes Thursday 16 March 2017 3:52 pm The business has demonstrated its resilience with momentum regained since the half year. Gross sales during 2016 were in excess of £1.1bn which is a testament to the quality of our fund management team and a differentiated and attractive product offering.Over the past year, Miton has continued to build its distinctive identity as a genuinely active fund manager. The acceleration of our growth over recent quarters underlines our confidence in our prospects. Miton has an outstanding team, and along with a maturing range of funds, having reached £3,097m AuM at the end of February, we look forward to 2017 and beyond. Adjusted pre-tax profits for the year were up 70 per cent to £5.1m. The asset manager proposed a dividend of 1p, up 49 per cent.Miton’s share price leapt 10 per cent to 41p on Thursday after reporting the results and announcing changes in senior management.Read more: Brexit challenger Gina Miller attacks active fund management industryWhy it’s interestingExecutive chairman Ian Dighé today said that he would be stepping down to become non-executive chairman. In another move, David Barron has assumed the position of interim chief executive.Barron told City A.M. he was pleased with a “strong set of results” and believes there is a “growing momentum in the group”. whatsapp Fund manager Miton’s share price leapt 10 per cent today as the company announced a 70 per cent jump in profits and a senior management shake-up.The figuresMiton’s assets under management (AUM) at 31 December were £2.91bn, up from £2.78bn a year before. Share read more

Blackstone challenges Bloomberg with deal for $20bn Thomson Reuters arm

first_imgTuesday 2 October 2018 5:20 pm Blackstone challenges Bloomberg with deal for $20bn Thomson Reuters arm The deal, which values the business at around $20bn (£15.5bn), sees the Blackstone-led consortium of private equity funds take a 55 per cent stake. Thomson Reuters keeps 45 per cent of the business, which will be renamed Refinitiv​.The move will challenge Bloomberg, as Blackstone buys one of the world’s largest financial markets data providers with more than 40,000 institutional customers in 190 countries.As part of the deal, Refinitiv also agrees to pay $325m a year, for 30 years, to Reuters to help fund its news service. Thomson Reuters gained about $17bn in gross cash proceeds as the deal closed. Around $10bn will be returned to shareholders, a further $4bn will be spent to redeem debt, with $2bn to fund acquisitions. Share Refinitiv chief executive David Craig said: “This is a unique moment in our 160-year history as the financial and risk business of Thomson Reuters now steps forward as Refinitiv.”“We firmly believe that efficient, transparent and trusted markets are good for all and that Refinitiv’s role is at the heart of this, providing access to clean and consistent data on a global scale.”He added: “With the backing of our investors, Refinitiv will continue to deliver the critical data, insights and open technology infrastructure that the market has come to expect while driving progress for our customers across trading, risk, banking, wealth and investment management and in areas such as financial crime and ESG investment. We look forward to exciting times ahead.”Blackstone becomes a partner to Thomson Reuters in a section of the business which has struggled with a shrinking customer base.Ii plans to invest in Refinitiv’s trading platforms, indices, risk management, and fighting financial crime. August Graham Tags: Private equitycenter_img Eli Nagler, a managing director at Blackstone, said: “We are excited to complete this transaction and look forward to supporting Refinitiv’s growth and continued technology advancements in the years ahead.” Private equity giant Blackstone has completed its biggest investment since the 2008 financial crisis by taking over Thomson Reuters’ financial and risk unit.  whatsapp whatsapp last_img read more

Closures send clamdiggers across Cook Inlet

first_imgClimate Change | Environment | Fisheries | Oceans | Science & Tech | SouthcentralClosures send clamdiggers across Cook InletDecember 31, 2020 by Sabine Poux, KDLL – Kenai Share:A charter boat in front of Chisik Island on the west side of Cook Inlet. (courtesy Bottom Line Charters)Scientists are still digging for answers about the low abundance of adult razor clams on the east side of Cook Inlet. Meantime, charter companies are taking passengers over to the west side, where razors abound.“The west side is like Deep Creek and Clam Gulch were 20, 24 years ago,” asid Ernie Kerby. He’s owned Bottom Line Charters, in Ninilchik, for almost three decades.In response to the crash of clam populations, the Alaska Department of Fish and Game closed east side beaches to personal and sport-use clamming in 2014. It announced last week it will close those beaches again in 2021.At one time, the 80 miles of shoreline from the mouth of the Kenai River to the Homer Spit was home to the most popular clam fishery in Cook Inlet. That includes the beaches of Clam Gulch, a town named for its abundance of razor clams.Scientists aren’t sure why the crash initially happened, about a decade ago. What they do know is that stocks aren’t rebounding, said Mike Booz, the Lower Cook Inlet sportfish area manager for Fish and Game.He said the department has successfully incorporated new juvenile clams into the area, a process known as “recruitment.” But as they reach adulthood — between three and five years old — they’re dying off.“Unfortunately, it’s not a perfect recovery,” he said. “During that time, or transitioning through that time, growth has been really poor for razor clams, particularly in 2017 and 2018. The adult survival of razor clams through that time hasn’t been very good. So, yes, you’re getting new clams, but they’re not growing and they’re not surviving for the population to rebuild to what it was, historically.”This high rate of mortality among adult clams is likely due to a confluence of factors, including environmental stressors and changes in habitat. The instability of ocean water temperatures could be part of the equation.“Overall, climate change, that’s only one component of it,” Booz said. “Climate change doesn’t cause clams to leave the beach. It definitely influences their growth rate or the primary productivity of plankton in Cook Inlet and how that likely affects razor clam abundances on these beaches.”The closures have driven more people to the beaches on the west side. Off the road system, those shores are only accessible via boat or plane.Kirby does the 30-mile ride to the Crescent River drainage, south of Polly Creek, with his passengers. It takes about an hour and fifteen minutes from Ninilchik.He’s always taken his passengers to the west side. But since the closure on the east side, many others are, too.“A lot more of the guys in Ninilchik are starting to go over there,” he said.That’s also where the commercial clammers, like Nikiski’s Pacific Alaska Shellfish, get their stock.There are no harvest limits on the west side. Kirby said he’s not worried about the area getting overfished because there are enough clams to go around.Again, it’s not completely clear to Fish and Game why the west side seems to be doing much better than its neighbor. And more generally, it’s hard to know how the dwindling numbers on the shore of the peninsula stack up with their counterparts on other Pacific shores. Razor clams in the east part of Cook Inlet are more studied than others, due partly to the robustness of the fishery.“Further south, in Oregon and Washington would probably be the next place where razor clams are really studied well enough to make a comparison between east Cook Inlet,” Booz said. “And razor clams in Oregon and Washington right now are doing great.”The department continues to monitor clam stocks on both shores and submitted a proposal this year to develop a management plan for east Cook Inlet razor clams. Currently, there’s no management plan that would regulate harvests in the case of a reopening.Kirby says he trusts the department to protect the east side fishery.“I would want them to show at least two years, two consecutive years of growth,” he said. “Good, sustained growth. I’m losing business if they keep it closed but in the long run, it’s going to be better for everybody.”That department’s proposal will be discussed at the board’s scheduled meeting in March.Share this story:last_img read more

Water releases resume after Eta drops inches of rain on Lake Okeechobee

first_imgLEE COUNTY, Fla. – The Army Corps of Engineers announced Friday that water releases will continue as water levels rose significantly during Tropical Storm Eta. As of Friday morning, Lake Okeechobee was at 16.45 feet, nearly a foot higher than the highest point the Corps tries to maintain. Engineers are monitoring river levels as they try to hit a goal of releasing about 30,000 gallons of water per second down the Caloosahatchee River.Colonel Kelly with the Corps, said the Lake has gone up four inches in the last week and is 780 percent higher than average for November. AdvertisementHoping for a dry season, the Army Corps will work to come up with a plan for spring to avoid back-to-back high water releases like this. Man stranded at sea from Tropical Storm Eta rescued by good Samaritan November 16, 2020 Lake Okeechobee releases to be reduced as Florida moves further into dry season March 28, 2021 Two Sanibel parking lots reopen after Tropical Storm Eta damage November 16, 2020 RELATEDTOPICS Advertisementcenter_img AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Beach erosion from Tropical Storm Eta uncovers 1800s shipwreck in St. Augustine November 25, 2020 Advertisement AdvertisementTags: Lake OTropical Storm Etawater releaseslast_img read more

Hideki Matsuyama becomes first Japanese man to win Masters

first_imgAdvertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments First in the world: Japanese doctors perform living donor lung transplant to COVID-19 patient April 10, 2021 Advertisement “Making Japan proud Hideki,” he Tweeted. “Congratulations on such a huge accomplishment for you and your country. This historical Masters win will impact the entire golf world.”Japanese Prime Minister Yoshihide Suga also congratulated Hideki Matsuyama, calling his win “wonderful.”“With the prolonged COVID-19 pandemic, he’s given courage and inspiration to all Japanese people,” Suga said in a statement. “He has become the first Japanese person to win the Masters and first to win a major championship. He is the first one in Japan and also in whole Asia. I think it’s amazing.”The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. AdvertisementTags: Hideki MatsuyamaJapanThe Masters Earthquake of 7.0 magnitude hits Japan near devastating 2011 disaster epicenter March 22, 2021 RELATEDTOPICS Japan records earliest cherry blossom bloom in 1,200 years April 6, 2021 Japan approves first COVID-19 vaccine February 15, 2021 AUGUSTA, Ga. / CNN — Hideki Matsuyama closed out his last two rounds strong and claimed his win at the 2021 Masters.The Japanese golfer finished ahead of Will Zalatoris in second to claim his first major title. He shot a final round 73 to finish with a score of 10 under par, one ahead of the American runner-up.In winning the famous golf tournament, Matsuyama became the first Japanese man to win a golf major and ended an almost four-year winless drought.As is tradition, last year’s winner Dustin Johnson — who failed to make the cut this year after suffering his own struggles — presented Matsuyama with his Green Jacket. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementSitting alongside Johnson and his translator in Butler Cabin, Matsuyama expressed his happiness that he could create a path for other future Japanese golfers.“I’m really happy,” he said. “My nerves really didn’t start on the second nine. It was right from the start today and right to the very last putt. I was thinking about (my family) all the way round today and I’m really happy I played well for them. Hopefully I’ll be a pioneer and many other Japanese people will follow. I’m glad to be able to open the flood gates hopefully and many more will follow me.”Five-time Masters champion Tiger Woods congratulated Matsuyama on his win.last_img read more

A negative start to 2016 for most equity fund categories: Morningstar Canada

first_img Sector Watch: Dodging potholes on the home front The Canadian mutual fund industry had a rough start to the year in January as 20 equity fund categories were in the red for the month, according to preliminary performance data published on Tuesday by Toronto-based Morningstar Research Inc. Only seven of the 42 Morningstar Canada fund indices increased during the month, while 18 indices decreased by 2% or more. Related news The month’s top-performing fund index, and the only one representing an equity fund category to post an increase in January, was the one that tracks the precious metals equity category, which increased 5.4%. Domestic equity funds generally outperformed foreign equity funds in January. The best-performing domestic equity fund category was Canadian dividend and income equity with a 0.8% decrease. The fund index that tracks the more broadly based Canadian equity category was down 1.4%, reflecting the 1.2% decline of the S&P/TSX composite index for the month. The worst-performing domestic equity fund indices were Canadian focused small/mid cap equity and Canadian small/mid cap equity, which decreased 4.1% and 4.4%, respectively. The U.S. equity fund index decreased 4.5%, ranking fifth from the bottom of the 42 fund indices. Currency effects once again helped Canadian investors who hold unhedged U.S.-dollar investments, as the Canadian dollar depreciated by 1.7% against the greenback. This mitigated the 5.0% drop in the S&P 500 index, when measured in U.S. dollars. The U.S. small/mid cap equity fund index was also one of the worst performers in January, with a 4.4% decrease. Exposure to China hugely detracted from performance among foreign equity funds, as the Shanghai composite index and Hong Kong’s Hang Seng index decreased by 22.6% and 10.2%, respectively, in local currencies. The worst-performing equity fund indices were the ones that track the Greater China equity and Asia Pacific ex-Japan equity categories, down 10.3% and 6.7%, respectively. Other poor performers include the international equity fund index, with a 4.6% decrease, and Asia Pacific equity and emerging markets equity, which were both down 3.9%. Three of the seven fixed-income fund categories tracked by Morningstar posted modest gains last month. The Canadian long term fixed income fund index was up 0.5%, while the global fixed income and Canadian fixed Income fund indices increased by 0.2% and 0.1%, respectively. The worst fixed-income performer — and worst category overall — was preferred share fixed income, which decreased 10.7%. Preliminary fund performance figures are based on change in funds’ net asset values per share during the month, and do not necessarily include end-of-month income distributions. Final performance figures will be next week. IE Staff Canadian fund sales exceeded $23B in February Keywords Fund performanceCompanies Morningstar Research Inc. Sector Watch: Performance at home and beyond Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Canadians score high on financial literacy

first_img Canadians’ good habits and high level of knowledge in the area of personal finance have helped Canada nab a third-place ranking in a global survey of financial literacy levels. Tessie Sanci How to connect with your clients’ kids Intuit and Highline Beta launch fintech accelerator The International Network on Financial Education (INFE), a part of the Organization for Economic Co-operation and Development (OECD), released its International Survey of Adult Financial Literacy Competencies on Tuesday. The report measures and compares the financial knowledge, attitudes and behaviours of adults in 29 countries, according to an announcement released by the Financial Consumer Agency of Canada (FCAC) on Wednesday. Canada tied for third place with Norway while France and Finland came in first and second place, respectively. The report finds that Canadians have healthy financial habits, which include setting and achieving long-term financial goals and monitoring their personal finances. The majority (60%) of Canadians were also able to answer most questions correctly when they were tested on their financial knowledge. And the report states that Canadians also have the right attitude when they think about long-term use of their money. For instance, many Canadians are likely to disagree with the statement, “I tend to live for today and let tomorrow take care of itself.” However, the global report suggests some areas that can be improved. Although many Canadians received a high score on a test of financial knowledge, their confidence regarding that knowledge is low. This is problematic, given that financial confidence has been known to support good financial decisions, according to the FCAC. Only about 30% of Canadians rated their financial knowledge at a high level. There was also a significant difference in the financial knowledge levels between genders, with more than 70% of men receiving a high score on the test compared to 50% of women. Specific topics in which women would tend to score lower than men included compound interest and inflation. The FCAC’s own analysis of the Canadian data in the report indicates that Canadians have a high potential to rely on debt to cover living expenses. One-third of respondents find it difficult to cover their living expenses using only their income and many of the individuals who struggle would have to draw on debt to make ends meet. Half of Canadians would need to borrow money or move to another home within six months if they were to lose any of their income, states the FCAC. “The report’s findings align with research by the [FCAC] into the financial literacy gaps and needs of Canadians. FCAC is working to address these needs by helping Canadians build the confidence and knowledge to make smart financial decisions, manage money and debt, as well as plan and save for the future,” states the agency’s announcement. “Canada’s place in the top three countries worldwide on financial knowledge, attitudes and behaviours speaks highly about the impact of the national, collaborative effort to improve Canadians’ financial well-being.” Photo copyright: designer491/123RF Report reveals Canadians’ weak knowledge of retirement income Related news Share this article and your comments with peers on social media Keywords Financial literacyCompanies Financial Consumer Agency of Canada Facebook LinkedIn Twitterlast_img read more

Manchester Museum receives Capital Kickstart grant from Government’s £1.57 billion Culture Recovery Fund

Manchester Museum receives Capital Kickstart grant from Government’s £1.57 billion Culture Recovery Fund Manchester Museum, part of The University of Manchester, has been awarded a Capital Kickstart grant of £1,304,489 as part of the Government’s £1.57 billion Culture Recovery Fund, enabling the Museum to push forward with its hello future capital project despite the financial challenge caused by the Covid-19 crisis.Manchester Museum is one of 74 organisations receiving grants totalling £58.9 million today. The Capital Kickstart grants programme helps organisations cover costs added to capital projects such as building works, refurbishments, and large-scale equipment purchases by pandemic-related delays or fundraising shortfalls.Hello future is Manchester Museum’s transformational capital development, dedicated to establishing the UK’s most inclusive, imaginative and caring museum. Scheduled to open in August 2022, the £13.5m project combines an ambitious, two-story new extension, with extensive redevelopment of existing areas, in order to create: a new Exhibition Hall dedicated to major temporary exhibitions and extraordinary projects; a flagship new South Asia Gallery – the first in the country to explore the stories, experiences and contributions of South Asian diaspora communities; The Lee Kai Hung Chinese Culture Gallery – building understanding and empathy between the UK and China; a new entrance and improved visitor facilities with a focus on inclusive, age-friendly and accessible design.Having already commenced construction work on site in 2019, the new funding awarded now will be critical in enabling the Museum to overcome the financial challenges to the capital project caused by the pandemic; as well as incorporating new design considerations in response to Covid-19 and to support post-pandemic recovery; and ensuring even better facilities for our future visitors in the long-term.Today DCMS also announces that £165 million from the Culture Recovery Fund has been offered in repayable loans to help 11 major cultural organisations survive the loss of income caused by the crisis. This follows previous rounds of the Culture Recovery Fund, including the Grants programme which distributed £428 million to over 2,000 cultural organisations across the country, and the £3.36 million Emergency Grassroots Music Venues Fund.Manchester Museum’s Director, Esme Ward, said:“We are thrilled to receive such tremendous support from the Capital Kickstart Fund. Undertaking such a major new capital building project as hello future is a hugely exciting privilege, but we have faced wide-ranging practical and financial challenges arising from the Covid-19 pandemic. This funding guarantees the long-term success of our plans. It means that we can remain fully on track to offer outstanding new facilities and experiences to our audiences; and ensure that, in the years ahead, the Museum can bring joy, inspiration and care to our communities, at a time when we all need it most.”Culture Secretary, Oliver Dowden, said:“This government promised it would be here for culture and today’s announcement is proof we’ve kept our word.“The £1 billion invested so far through the Culture Recovery Fund has protected tens of thousands of jobs at cultural organisations across the UK, with more support still to come through a second round of applications.“Today we’re extending a huge helping hand to the crown jewels of UK culture – so that they can continue to inspire future generations all around the world.”Sir Nicholas Serota, Chair of Arts Council England said:“Today’s announcement is another vital step in securing the future of England’s cultural sector. Supporting capital projects will help to ensure that we maintain an innovative, sustainable cultural infrastructure that supports world class creative work, while the loans announced today will enable some of our largest and most prestigious cultural organisations to weather the effects of Covid-19 and reopen when it is safe to do so. The Arts Council is grateful to the Government for their support through the Culture Recovery Fund, and we are proud to support all the organisations receiving funding today.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, chinese, council, covid-19, Emergency, future generation, Government, grants program, infrastructure, project, Secretary, sustainable, UK, university, University of Manchester, weather read more

Tourism in a Post-Pandemic World

first_imgTourism in a Post-Pandemic World Tourism continues to be one of the sectors hit hardest by the COVID-19 pandemic, particularly for countries in the Asia-Pacific region and Western Hemisphere. Governments in these regions, and elsewhere, have taken measures to ease the economic shock to households and businesses, but longer-term the industry will need to adapt to a post-pandemic “new normal.”Related LinksRead the paperWatch the seminarF&D article on tourism-dependent countries If you are hesitant to hop on a plane these days, you are not alone. According to the United Nations World Tourism Organization (UNWTO), tourist arrivals are estimated to have fallen 74 percent in 2020 compared to 2019.For many developing countries in the Asia-Pacific and Western Hemisphere—small island states in particular—the effects have been severe. Before the pandemic hit, tourism was big business, accounting for more than 10 percent of global GDP. The share was even larger in tourism-dependent countries.Toward recoveryTo recover, vaccines will need to be widely distributed, and policy solutions implemented.Some governments have been providing financial support, either directly or through soft loans and guarantees to the industry. Thailand allocated $700 million to spur domestic tourism, while Vanuatu offered grants to small and medium-sized enterprises. Countries have also been assisting firms to adapt their business models and retrain staff. In Jamaica, the government gave free online training certification classes to 10,000 tourism workers to help improve their skills.However, many tourism-dependent economies are hampered by limited fiscal space. New initiatives to reignite the sector could perhaps help. In Costa Rica, for example, national holidays have temporarily been moved to Mondays to boost domestic tourism by extending weekends. Barbados introduced a ‘Welcome Stamp’ visa—a one-year residency permit that allows remote employees to live and work from the country. Similarly, Fiji launched a Blue Lanes initiative that allows yachts to berth in its marinas after meeting strict quarantine and testing requirements.Post-pandemic, a continuing shift toward ecotourism—a fast-growing industry focused on conservation and local job creation—could give an additional boost to the industry. This is already a key element of Costa Rica’s tourism strategy. Thailand too is trying to shift to niche markets, including adventure travel and health and wellness tours.Technology can also play an important role. With social distancing and health and hygiene protocols likely to remain in place for the foreseeable future, touchless service delivery and investments in digital technology could be a bridge to recovery.Finally, should the reduction in travel be longer lasting, owing to changes in tourist preferences or economic scarring, some tourism-dependent countries may need to embark on a long and difficult journey to diversify their economies. Investing in non‑tourism sectors is a long-term goal but could be aided by strengthening links between tourism and locally produced agriculture, manufacturing, and entertainment. In Jamaica, for instance, an online platform was launched that allows buyers in the hotel industry to directly purchase goods from local farmers. Exports, including services, could also be expanded, using regional agreements to address the constraints imposed by limited economies of scale.Solutions will differ from country to country, and the pace and scope of recovery will of course depend on global developments. But there is an important opportunity to be harnessed. Beyond the immediate priority of mitigating the impact of the pandemic, countries will need to create a “new normal” for the tourism industry. Diversifying, shifting to more sustainable tourism models and investing in new technologies could help to shape the recovery. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, Asia, Barbados, conservation, Costa Rica, Fiji, GDP, Government, IMF, Jamaica, quarantine, social distancing, sustainable, technology, Thailand, United Nations, Vanuatu:last_img read more