BANK CLOSURE PROTESTS: TD ACCUSES AIB OF ‘ABANDONING RURAL IRELAND’

Posted On Dec 25 2019 by

first_imgONCE A PROUD BOAST OF AIB, BUT NOW GAOTH DOBHAIR BRANCH WILL CLOSESinn Féin TD Pearse Doherty has accused AIB of abandoning rural Ireland following the decision to close eight branches in Co Donegal.The decision by AIB saw angry locals gather in Gaoth Dobhair last night.The move will see a number of branches including Lifford, Dunfanaghy, Raphoe, Falcarragh, Gaoth Dobhair, Milford, Bundoran and Moville close its door for good. Local post offices are expected to pick up some of its basic banking services.However the closure of many West Donegal branches including Falcarragh and Gaoth Dobhair means that people will have to travel to Dungloe to carry out any business.Deputy Doherty said: ” The AIB’s decision will be a serious blow to communities throughout the state particularly rural communities here in Co Donegal that are already suffering from a lack of investment and a withdrawal of services.“AIB is a nationalised bank. The people own it. Yet it is being allowed to abandon rural communities across the state and to hike up its interest rate putting its customers under more financial strain. This is just weeks after the bank refused to pass on the ECB interest rate cut of half a percentage point to its customers. “The government needs to show its commitment to rural Ireland. Its action plan on jobs means nothing to people in rural communities where more and more jobs are being lost and more and more services are being cut.“This government was elected on a promise to create jobs yet again and again we hear of major job losses and the live register stands at nearly half a million. Its action to create jobs has been pathetic and subservient to its commitment to pump billions into zombie banks.“Unfortunately the government’s record in rural Ireland is no better than its job creation record.”It’s all a far cry from the TV ads of the 1980s – which featured the Gaoth Dobhair branch at the end and the AIB’s slogan of having branches “where you live.”Last night local people voiced their concerns about the latest cuts to services in rural Donegal. BANK CLOSURE PROTESTS: TD ACCUSES AIB OF ‘ABANDONING RURAL IRELAND’ was last modified: July 31st, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:BANK CLOSURE PROTESTS: TD ACCUSES AIB OF ‘ABANDONING RURAL IRELAND’last_img read more


Dairy industry voices pros and cons to TPP in front of U.S. International Trade Commission

Posted On Dec 18 2019 by

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The U.S. Dairy Export Council (USDEC) and National Milk Producers Federation (NMPF) continued to play an active role in the Trans-Pacific Partnership (TPP) trade agreement process, as USDEC President Tom Suber testified before the U.S. International Trade Commission (USITC) representing the U.S. dairy industry.USITC held three days of hearings to gather information for an economic analysis of TPP as mandated by Trade Promotion Authority legislation. That analysis includes the pact’s impact on specific business sectors, such as agriculture. Suber, following detailed written comments to USITC submitted jointly by USDEC and NMPF in December, sought to outline issues and concerns of the U.S. dairy business.“USDEC, working with NMPF and other organizations in the dairy industry, is still completing its overall analysis of TPP,” Suber said. “The deal falls short in providing the degree of market access we had been seeking, but it also avoids a disproportionate opening of the U.S. market to dairy exporters. While we don’t give the pact a failing ‘grade,’ until we have come to a final analysis of its net benefits, we felt it was important to participate in USITC’s assessment and identify points we believe the agency should consider in its economic analysis.”The agreement for example contains landmark non-tariff achievements dealing with sanitary and phytosanitary (SPS) rules and geographical indication (GI) provisions. TPP is the first U.S. trade agreement to include rules and disciplines on SPS measures that go beyond those contained in the World Trade Organization (WTO) SPS agreement.“The strengthened SPS commitments address the escalating threat that unwarranted and sudden SPS measures are posing to U.S. agricultural exports around the world,” Suber said. “Nearly all the ‘WTO-plus’ provisions are enforceable through the TPP’s settlement mechanism.”Furthermore, prior to TPP, U.S. trade deals were virtually silent on GIs. TPP’s groundbreaking GI provisions establish a more equitable international model for approaching the issue of GI registration in sharp contrast to the fundamentally flawed European Union approach that uses GIs in trade negotiations as bargaining chips for market access.“These achievements may be difficult to quantify through traditional economic modeling, but are certainly relevant to the economic gains the United States may hope to achieve through TPP,” Suber said.USDEC also identified of number of additional factors pertinent to USITC’s assessment efforts and urged the agency to take them into account. Those factors include TPP’s impact on U.S. exports in existing FTA partner markets (like Mexico and Peru) and elsewhere in light of TPP-region competition from Australia and New Zealand; the impact of U.S. tariff elimination on milk powders and specific cheeses; the expected level of exports from Canada to the United States; the likelihood of intentionally obstructive regulatory barriers; the degree of flexibility created by the agreement’s rules of origin; and the use of new TPP safeguard provisions by the United States.“We stand ready to work with USITC analysts following these hearings to discuss these recommendations and to assist in their efforts,” Suber said.Legislation mandates that USITC deliver its assessment to the president and Congress no more than 105 days after the president signs the agreement. The earliest the president can sign the agreement is February 4, which would make the USITC report due by May 18.last_img read more


Bahamas Supreme Court Denies Baha Mars Chapter 11 Bankruptcy Recognition Petition

Posted On Sep 17 2019 by

first_img Recommended for you Baha Mar liquidators dismiss over 2,000 Facebook Twitter Google+LinkedInPinterestWhatsAppJuly 22, 2015 (NASSAU, The Bahamas) – We welcome today’s decision by The Bahamas Supreme Court to deny Baha Mar’s application for recognition of its American Chapter 11 Bankruptcy of June 29, 2015.In doing so, the Supreme Court vindicated the Government’s position, indicating it will provide the detailed reasoning for its ruling within 14 days.Our Government has argued firmly that a Bahamian Court, supervising the work of an independent liquidator, is best suited to oversee the restructuring, completion and opening of the resort should Baha Mar, China Construction and Exim Bank be unable to reach an out of court agreement.Our objectives continue to be the prompt completion and successful opening of the Baha Mar project. We are confident today’s decision will encourage all parties to focus on these goals. It is a matter of the greatest national importance for the resort to open as soon as possible, under private ownership and operation.In that spirit, we endorsed yesterday Baha Mar, China Construction and Exim Bank’s continued efforts to secure an out of court agreement to complete and open the resort. The best way to guarantee the jobs of Baha Mar employees is to achieve a timely negotiated agreement, and we urge all parties to do so.Until such time, however, we must continue to protect all Bahamians’ interests.The Supreme Court’s decision sets the stage for a provisional liquidator to be appointed by the Court on July 31, 2015, should no agreement be reached between the parties. The provisional liquidator would be lawfully bound to have regard to the best interests of the Bahamian people, Baha Mar employees, Bahamian contractors, creditors, and investors in Baha Mar.In the meantime, we encourage all parties to continue negotiations to secure an agreement on the completion and opening of Baha Mar. Along with Exim Bank, we are keen observers of the negotiations now underway between Baha Mar and China Construction.Should Baha Mar and China Construction agree, they will then negotiate with Exim Bank the financial terms required to support their agreement. The Government of The Bahamas will also be an observer in these negotiations.Once financial terms are agreed, we anticipate that all-party talks – in which our Government will be an active participant – can reconvene, leading to the resumption, completion and opening of the Baha Mar development. This is our sole intention. Big time Customs Officer fined and fired for theft Facebook Twitter Google+LinkedInPinterestWhatsApp Statement On Baha Mar By The Bahamas Attorney General And Minister Of Legal Affairs Related Items:baha mar, bankruptcy, china construction, exim bank, supreme courtlast_img read more


WASHINGTON TO WILMINGTON The Latest News From Moulton Markey  Warren

Posted On Sep 11 2019 by

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Xi calls on Chinese army to be battleready

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Bishop Will Willimon on why no plan can unite United Methodists

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Childs play

Posted On Aug 31 2019 by

first_imgNational Museum  is celebrating the International Museum Day from Sunday with a five-week series of youth-centric summer workshops for developing their skills and talent in various fields of all-round personality.The various sessions will include painting workshops, story-telling sessions, clay-modelling and print-making. The children will also learn an ancient script and decorative arts form the core activities for boys and girls spanning from the age of seven to 17 years group in different categories in Playtime at National Museum sessions which will start from 18 May and continue till 25 June.  The stories and lecture sessions on 18 May Museum Day at the National Museum will be for the public at large, irrespective of age. It will start with a three-day Tanjore painting workshop for 30 students of the 13-17 age bracket. It features sessions of two hours each, starting from 11 am. Also Read – ‘Playing Jojo was emotionally exhausting’The Sunday proceedings will also see sessions open for people of all ages. In the forenoon is a Story in the Gallery on Hanuman (being delivered by Sanjib Kumar Singh, while afternoon sessions are two: How to Look at Miniatures led by Dr Kanaklata Singh and on Ancient Games led by Anamika Pathak and Zhahid Ali. The highlight of the day would be trail and activity, where children would be served with booklets at the National Museum reception. They can then trace the images shown in the book and return with stickers as proof to have found the objects at National Museum galleries. There will be touch-and-learn sessions on decorative art and a story session (on The Missing Necklace of the Harappan Girl) and Play with Clay in May. The June activities will cover print-making, script learning, story sessions and ‘know your museum’ besides touch-and-learn on arms and armour.last_img read more