Governor signs reimportation legislationGovernor Jim Douglas has signed a drug reimportation bill that will allow a small number of Vermonters access to pharmaceuticals from Canada and other nations, and urged the Legislature to move on to more pressing issues.The governor said that even those who campaigned heavily on the issue of drug reimportation, and who claimed that it would be a significant step toward lower drug prices and affordable health care, now concede that this bill will help only a handful of Vermonters.The governor added that the Legislature must take action to save Medicaid and pass health insurance reforms that make progress toward our goal of universal coverage this year.Douglas continues to insist that the Congress take action to increase competition among manufacturers, speed the approval of lower cost generic drugs, preserve the ability of states to pool drug purchases, and protect state pharmaceutical programs impacted by the Medicare law.
GE Healthcare,Vermont Business Magazine IDX Systems Corp in South Burlington has agreed to be acquired by GE Healthcare, based in London, England, for $1.2 billion. The price reflects GEs offer to buy IDX stock for $44 per share. IDX has 2,400 employees, 850 of whom work in Vermont. IDX will become part of the GE Healthcare IT division. Officials said there are no immediate plans to change employment levels in Vermont.GE Healthcare IT is based in Chicago and is a division of GE Healthcare, based in London, England. The agreement was reached September 28 and announced the next morning. The deal is expected to close early 2006.IDX Chairman Richard Tarrant and CEO James Crook said that they had sought out an owner after realizing over the last few years that to grow the business further, they needed a partner. They said that they had sought out GE and started talking early in 2005 and made a formal management proposal last June. IDX is a $670 million company, while GE Healthcare IT is slightly bigger at $750 million. Its parent company, GE Healthcare, is a $15 billion business.Tarrant and Crook both talked about the benefits to healthcare and to IDX in particular. They both mentioned that this deal was good for customers, employees and the communities where IDX facilities are located.Pressed about the future of the Vermont facility, GE officials said they expect the facility to grow as the company grows, but would not discuss specific employment growth or retraction in Vermont. They did say that they would look at cost savings relative to redundant duties. Whether GE would retain the IDX brand name would depend on how the marketing might work out and customer expectations.IDX and GE Medical have some competitive products, but officials on both sides described the merger as each company offering different strengths to the goal of making electronic health care records more available from anywhere in the world.Crook said health care providers would have the benefit of a suite of software that would allow a hospital or medical office or doctor to see all the information at one time on a patient, from contact name and billing, to personal and family health history, to medications, to diagnostics, like X-Rays, to treatments.IDX was formed in Burlington in 1969 by Richard Tarrant and Robert Hoehl.
Source: LSC. 9.16.2009 Lyndon State College is the recipient of a $71, 590 grant from the Neil and Louise Tillotson Fund of the New Hampshire Charitable Foundation, Northern Region. The money will be used for paid student internships in Essex County in Vermont and Coos County in New Hampshire. These two areas fall in one of the nation’s most economically depressed regions, and this support will help businesses develop sustainable business models.The grant creates a promising win-win situation for businesses and Lyndon students. Not only will the businesses have access to the latest in planning and development, but students will no longer have to choose between an unpaid internship and a job.Making these types of internship opportunities available is important to both preparing the region’s future workforce as well as helping these students play an active role in building the capacity of businesses and organizations that could become their future employers. The struggling economies of the Northeast Kingdom and Coos County provide an excellent laboratory for Lyndon State College students. By working under the close supervision of experienced faculty who are coordinating with engaged employers they will have the opportunity to put theory into practice while helping to keep and create jobs in the target area.This summer, for example, Lyndon State College senior Ashley Beard and two interns from Mt. Abraham Union High School worked under a Tillotson grant to map parts of the Northern Forest. This information will make the land more accessible to businesses who have questions about types and locations of specific kinds of timber on the land. Other Tillotson money has been used by the College for work with the Northwoods Stewardship Center and the Appalachian Mountain Club.The focus of this internship program will be to help put into practice the recommendations outlined in the SEI’s (Sustainable Economy Initiative) A Strategy for Regional Economic Resurgence while developing regional capacity along with that of participating businesses and organizations. Small and emerging companies, as well as nonprofits, are often unable to pay interns, which limits the pool from which the businesses can choose. Making these types of internship opportunities available is important to both preparing the region’s future workforce as well as helping these students play an active role in building the capacity of businesses and organizations that could become their future employers. The struggling economies of the Northeast Kingdom and Coos County provide an excellent laboratory for Lyndon State College students.The New Hampshire Charitable Foundation has been improving the quality of life in our communities since 1962. It builds and manages a collection of charitable funds totaling nearly $490 million, created by individuals, families and corporations. The Foundation has awarded more than $125 million in the past five years. Based in Concord, N.H., the Foundation roots itself in communities across the state through seven regions including Lakes, Manchester, Monadnock, Nashua, North Country, Piscataqua and the Upper Valley.
Charlottesville pro cyclist Ben King shares his go-to gear.Richmond native Ben King is a National Road Race Champion and competed in his first Tour de France in 2014. This year, King won a stage at the Amgen Tour of California, the premiere professional road race in the country, and that’s after recovering from a broken leg in January. And for King, success starts at home. “I do most of my big training days on the Parkway,” King says from his home in Charlottesville. “Our mountains will get you in shape for any race in the world. And there are so many roads here, you never get bored.”Here are five pieces of gear King loves to use during his training rides in Virginia.Road ID ($20 for the Slim)This is all about safety and peace of mind, especially since I ride all over the world. My contacts are all on this ID if I get into a crash. Without that, if someone found me, they wouldn’t know who I am or whom they should contact.Garmin VIRB, Action Camera ($299)A lot of what we do as pro cyclists is lonely, particularly the training rides. Cameras like this, where you can post videos and pictures to Instagram immediately, allows us to interact with our supporters, and I’m always looking for ways to do that.Bonk Breaker Bars ($30 / box)I’ve eaten hundreds of them, and I’m not sick of them yet. They’re really effective for on-the-go nutrition and they actually taste good too. My favorite is salted caramel. It tastes like eating cookie dough on the ride.Cannondale Scalpel 29 Carbon ($8,670)Obviously, my road bike is critical, but I just got this mountain bike, and I love it. I hit the trails as often as I can for unstructured endurance rides. The important thing is to train a lot. Any time you’re on the bike is gonna benefit you. And if you can spend time in the saddle and have fun, all the better.Garmin Vivoactive Watch ($249)Basically, this watch pairs with my iPhone so I can take calls while I’m riding my bike. I can look at my watch and see who it is without fumbling for the phone. It’s fun.Light & Motion Seca 2200 Enduro ($470)Simply put, it’s the brightest and lightest LED on the market. Ultra durable, lightweight, and waterproof, it’s the light of choice for mountain bikers and endurance racers.Bordo Centium bike lock ($70)This revolutionary key lock features 5mm steel bars that fold compactly and mount easily. They’re a bit heavier than your average bike lock, but worth the weight in security.Diamondback Catch 2 (from $4,000)The new Catch 2 is an incredibly plush aluminum trail bike with 27.5+ wheels, 130mm of travel, a slack geometry, and the Level Link rear suspension, which works really well to keep your pedal power in the drive train. The wider tires offer bomber traction, allowing me to rail corners and bomb through Pisgah’s root and boulder gardens with confidence.Performance Sport Liner Shorts ($60)These affordable, durable biking shorts are designed to withstand long hours in the saddle.Related:
By Dialogo March 03, 2010 Lula and Vazquez as well as Mujica have the distasteful experience to prove that, as marxists, they failed miserably and abandoned their seventiesâ€™ stupidity in order to embrace the reasonably healthy bourgeois right-center. That is why they have been heard and it will go well for them. The peacocks will continue to wave their red flags and their serial psychopathic Castro followersâ€¦ Chilean president Michelle Bachelet indicated that 14,000 military personnel would be deployed by Tuesday in the two regions hardest hit by Saturday’s earthquake, where they will be responsible for distributing aid and preventing looting. “By virtue of the state of emergency declared due to the disaster, between the last two days and what will be completed today, the army will have 11,850 personnel, and the navy will have 2,131 personnel” in the Maule and Biobío regions, the two regions most affected by the earthquake, which has so far left 723 dead. The president was energetic in indicating that no more looting or pillaging will be permitted. “We understand people’s pressing anxieties, but we know that there is criminal activity, and we are not going to accept that,” she said. It is unacceptable that firefighters had to divert resources to responding to a deliberately-set fire Monday in the city of Concepción – the epicenter of the disaster – “or that people have to set up self-defense arrangements in order to keep watch over what little they have left following the earthquake,” the president said. Since Sunday several towns have been targets of severe looting and violent activity, while the inhabitants are complaining that humanitarian aid has not arrived.
Digital disruption of financial services has been debated in articles, podcasts and studies for years. Conference planners have crammed agendas with the theme. Yet many community banks and credit unions are just waking up to the prominence of fintech and bigtech platforms and the realities of digital age competition. In fact, for many senior management teams and boards, the wake-up call has been followed by sheer panic.No wonder. Some felt they had plenty of time to get their digital act together, seeing no incentive to tackle digital transformation quickly. Some serve smaller communities where consumers appeared content with the status quo. Paralysis by analysis hit some, while others simply became desensitized to the common buzzwords and deferred to old habits.But like Rip Van Winkle, I have found, many bankers and credit union executives are now awakening to a world that has been changing dramatically while they were focusing on other priorities. A study from process mining company Celonis — a disruptor themselves — found that many C-suite executives just don’t know how to respond to disruption or where to start in developing a digital transformation strategy. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Frank Del Rio, CEO, Norwegian Cruise LineScott Mlyn | CNBC Pfizer‘s encouraging vaccine news Monday gave some consumers enough comfort to book cruises, Norwegian Cruise Line CEO Frank Del Rio said Tuesday.Data from Pfizer’s late-stage vaccine trial news sent the U.S. stock markets soaring Monday, along with Norwegian and its peers, Carnival Corp. and Royal Caribbean, which all surged by almost 30%. Del Rio told analysts on the company’s third-quarter earnings call Tuesday that the vaccine news drove higher-than-usual bookings on Monday. Norwegian’s shares were trading down by more than 5% on Tuesday after reporting mixed earnings results and continued uncertainty about when sailing might resume.- Advertisement – – Advertisement – “Bookings, the last 24 hours, yesterday, were pretty good, better than the previous four or five Mondays. And that, I think, is attributable to the vaccine news,” he said. “We did not have any particular promotion or did any outsized marketing.”Del Rio touted the Pfizer news as “a significant milestone” and also noted that the Food and Drug Administration authorized Eli Lilly’s antibody treatment on Monday evening. Both of these developments, executives said, along with advances in Covid-19 testing will help cruise travel resume.While most industries have suffered from the pandemic, the cruise industry is among the hardest hit. The industry was brought to a standstill in mid-March when the Centers for Disease Control and Prevention issued a no-sail order after coronavirus outbreaks occurred on several ships. The CDC previously said “that cruise ship travel exacerbates the global spread of Covid-19” in justifying the order.- Advertisement – Last month, the CDC lifted the no-sail order and replaced it with a “Conditional Sailing Order,” which lays out a phased approach to help cruise companies resume operations in U.S. waters.With the replacement of the no-sail order and the advances in Covid-19 vaccines, testing and therapeutics, Del Rio said “the excitement level hasn’t been this high in a long, long time.”The company is in talks with the CDC about how to interpret the conditional sailing order, Del Rio said, and Norwegian hopes to launch some “trial sailings” with the agency in January. Such test cruises would work to review the health protocols that Norwegian and its industry peers put in place to see if they effectively limit the spread of the virus and protect passengers.Norwegian partnered with rival Royal Caribbean back in July to hire a handful of top epidemiologists and former U.S. health officials to craft a public health proposal for the CDC that would let them resume sailing. On the board is Dr. Michael Osterholm, director of the Center of Infectious Disease Research and Policy at the University of Minnesota, who was appointed this week to President-elect Joe Biden‘s Covid task force.Norwegian CFO Mark Kempa said the company has set aside $300 million for investments in health and safety. Del Rio added that the $300 million will likely be spread out over “the next few quarters.”Del Rio said he hopes the company’s full fleet can resume operations in six to nine months, though he added that’s just a “best answer today” and there are many uncertainties.Kempa said the company continues to improve its liquidity and conserve cash. The company currently has $2.3 billion in liquidity, including the money set aside for health and safety investments. However, Kempa cautioned that monthly cash burn is expected to rise going forward as the company begins to mobilize its fleet and staff in preparations for a gradual return to service.Kempa said the company has adequate liquidity to continue to operate, noting that it expects a “cash flywheel” upon resumption of cruising. Back in May, the company issued a going concern warning to investors, saying there was “substantial doubt” about its ability to continue. But the company quickly raised more than $2 billion in fresh debt, shoring up its financials for “well over” a year.“Going forward, we do not expect a straight line recovery,” he said. “So we will take a thoughtful and disciplined approach to reintroducing costs as we resume voyages in order to conserve cash, while at the same time balancing the need to drive new cash bookings.” – Advertisement –
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Natixis CEO Jean Raby addresses the PRI In Person conference“In this sense I feel, and I hope it’s not the case, that ESG has not become the means to an end but an end in itself,” he said.‘What are our objectives?’He urged investors to “go back to the basics”, adding: “Let’s ask ourselves ‘what are we trying to achieve?’, ‘what are our objectives?’, ‘are we getting any closer to these objectives?’.”Raby acknowledged that the impact of responsible investment on “real world sustainability” was difficult to assess, and that “the timeline is long”, but that it was important the industry knew by what measures of success it wanted to be judged.He argued that “collaboration and co-operation” between the financial sector, governments and regulators was “probably the most powerful tool we have to fight some of the most pressing issues of our time”.“Short-termism” also needed to be fought, said Raby.“The issues we are tackling are a long time in the making but also a long-time in resolving,” the Natixis CEO said. “Alignment is required not only on substance, but also on timeline.”He also argued that, although there were positive aspects to the plethora of initiatives that had emerged over the last few years “to mobilise our industry” over a range of environmental and social issues, “I do believe that the time has come for the industry to better channel its efforts”. ESG investing has become an empirical target for investors rather than a means to achieve other outcomes, according to the chief executive of Natixis Investment Managers.Addressing delegates at the PRI’s annual conference in Paris yesterday, Jean Raby suggested there was insufficient progress on a range of environmental and social issues despite rapid growth in funds “launched by us asset managers to fulfil demand for strategies driven by the incorporation of environmental, social and corporate governance [ESG] and non-financial factors, broadly speaking”.“Perhaps we focus too much on trying to demonstrate empirically the answer to the question of the relationship between ESG and performance,” Raby said.“I don’t need empirical evidence to convince me that if […] I make an investment in an entity that destroys the environment, doesn’t treat well its workers and has a governance that is full of conflicts of interest, then I cannot see that as a reasonable assumption of long-term sustainable performance.” After giving a few examples for where “the winds of change” were not yet visible, Raby said the question he was asking, “with no pretence of having a comprehensive answer, is why are we not making as much [of] a difference as we should given the current state of the world”.He said that “a lot of effort has been pushed on measuring what we do in terms of exclusionary approaches” – or using ESG factors as a risk management tool – “and perhaps not as much on investment that actually enables positive steps towards the goals we are pursuing”.There was a lot of focus on “headline statistics”, such as the percentage of assets under management run in accordance with ESG-related strategies, or the number of engagement instances with corporates.
Now is a good time to buy a home but have your finances in order first.DESPITE the state of the world we currently live in, there are plenty of buyers in the marketplace that understand the good opportunity that Townsville provides. After more than a decade of subdued activity, our region is primed for recovery and I believe we’ll be coming out of the gates strongly as restrictions start to ease and the worldwide situation continues to improve. Put simply, it’s an opportune time to buy your next home or investment property.Yet if you’re in the market to buy, it’s important to have your finances in order. Why? Chiefly because those buyers needing a longer time to get their finance approved are missing out on homes they love to others with shorter finance terms. This is largely (and understandably) due to banking business practices being modified and overloaded. However, in most instances, it comes down to preparation.So, what does preparation look like? In all markets (but especially in the current one), financial preparation is about understanding your overall fiscal position. A lack of understanding and preparedness will prove costly if information is incomplete or missing, and at times finance applications fail on what seems like a trivial item. Unfortunately, I see this happen all the time. Once you’ve made the decision to buy, the next step is to contact your bank or finance broker and spend time preparing to make an offer. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Make it clear that you’re serious, and request that you begin the application process prior to finding the right home, so they can request all relevant information from you, scrupulously assess it, request more details if necessary and give you the best possible advice on what your budget and lending capacity should be.In taking these steps, you’ll not only be well-informed before you begin to browse the marketplace, but you’ll also have much of the preparation work completed prior to sending your bank or mortgage broker contract documents. And by doing this, you may also find that you’re in an advantageous position when making offers. You are more likely to beat the competition for the home you love, either because you can achieve a shorter finance term or because you’re informed and confident to make an offer when you find the right home.