Doctor claims hospital fired him for complaining about ‘unethical’ ties to Allergan

first_img What’s included? @Pharmalot By Ed Silverman Sept. 12, 2018 Reprints Ed Silverman A former plastic surgeon has filed a $100 million defamation lawsuit against a large Florida hospital system over claims that he was fired for complaining about “unethical and illegal conduct” involving Allergan (AGN), and then suffered a “smear campaign” used to disguise the reason for his termination.In the lawsuit, Dr. Jeffrey Feiner, a reconstructive plastic surgeon at Orlando Health, argued that he had objected to “excessive and unnecessary” orders for Allergan breast implants that were made by other physicians, who were paid for consulting work to the drug maker and also given “improper gifts.” The products, meanwhile, were billed to patients, health plans, and Medicare and Medicaid. What is it? Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED About the Author Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Chris Carlson/APcenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Doctor claims hospital fired him for complaining about ‘unethical’ ties to Allergan Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. [email protected] GET STARTED Pharmalot Log In | Learn More Tags legalMedicaidMedicarepharmaceuticalsSTAT+last_img read more

Medicare’s ‘new technology’ payment plan doesn’t go far enough

first_imgFirst OpinionMedicare’s ‘new technology’ payment plan doesn’t go far enough A lab tech handles collected blood bags before genetically modifying the patient’s immune cells for CAR-T therapy. GERARD JULIEN/AFP/Getty Images Leave this field empty if you’re human: I am currently the president of the American Society of Hematology, the largest organization for medical professionals treating blood diseases. We recently called on CMS to set the reimbursement rate at 80% for these new technologies — and ideally cover them in full. In addition, medical researchers need funding to develop improved CAR-T therapies with broader effectiveness and fewer side effects, both of which will lower the costs associated with these therapies.The decision to increase Medicare payments for new technology from 50% to just 65% will have ripple effects across medicine. It affects potential cures for cancer, like CAR-T, as well as a growing pipeline of cell and gene therapies that represent potential cures for devastating inherited diseases such as sickle cell disease and spinal muscular atrophy.In exam rooms all over the country, there are patients who have tried everything and are running out of options. Their doctors want to give them good news. To make that happen, we need to establish a system that reimburses hospitals and clinicians for the treatments they provide that is as innovative as the medicines themselves.Roy Silverstein, M.D., is professor and chair of medicine at the Medical College of Wisconsin in Milwaukee and president of the American Society of Hematology. Please enter a valid email address. One substantial hurdle to the wider use of CAR-T therapies is cost. At nearly $500,000, CAR-T therapies are some of the most expensive treatments ever approved. That’s compounded by the additional costs of care — which can come close to $1 million — for the lengthy hospitalizations that many patients need to care for treatment-related side effects. Roy Silverstein Privacy Policy The result of decades of work across government agencies, academia, and industry, these are truly custom therapies, tailored to individual patients through a complex manufacturing process. These complexities mean that only a handful of academic medical centers, often in large metropolitan areas, are equipped to give CAR-T to patients.advertisement With support from the government, U.S. scientists have done the difficult scientific work to bring these therapies to patients. But the U.S. health care system isn’t equipped to pay for expensive therapies like CAR-T or cell and gene therapies.Medicare, arguably the most important and influential payer in the country, provides a case study, explained in a recent STAT interview with Centers for Medicare and Medicaid Services Administrator Seema Verma, on these complexities. It illustrates that improvements are urgently needed if we truly want patients to receive these potentially curative therapies.Within the past week, CMS announced it will institute a broad coverage policy for Medicare beneficiaries who have indications for CAR-T and will increase the rate it pays hospitals administering CAR-T and other new therapies from 50% to 65% of the cost of the product as part of what are called new technology add-on payments (NTAPs). While this is a step in the right direction, it represents a piecemeal approach to a systemic problem and one that leaves hospitals with unsustainable expenses.While patients see CAR-T therapies as lifelines, hospital administrators look at them and see substantial financial risk. That view often delays or stops institutions from becoming certified to provide CAR-T therapies. CMS finalizes long-sought rules for Medicare CAR-T coverage Newsletters Sign up for Cancer Briefing A weekly look at the latest in cancer research, treatment, and patient care. It’s a story that’s sadly too familiar to clinicians like me: A middle-aged patient at the prime of life is diagnosed with blood cancer. Despite years of treatment with chemotherapy, stem cell transplants, and a range of medications, the cancer remains and the patient prepares to say his or her goodbyes.But over the past several years, after decades of challenging scientific work, there is new hope for such patients and their doctors due to a new type of treatment called CAR-T. It turns a patient’s immune cells into a personalized, living drug that recognizes and attacks tumor cells, keeping cancer at bay for months or years. For some, it may even be a cure.Today, two CAR-T therapies have been approved to treat some of the most common types of blood cancers, non-Hodgkin lymphoma and acute lymphoblastic leukemia. If the science continues to progress, the benefits of CAR-T therapies could go beyond the 80,000 Americans estimated to be newly diagnosed with these cancers each year to the nearly 1.8 million diagnosed with any form of cancer. They could also move from therapies of last resort to the first option.advertisement By Roy Silverstein Aug. 9, 2019 Reprints @RSilversteinMD Related: About the Author Reprints Tags cancerhospitalsMedicarelast_img read more

A spate of new class-action lawsuits threaten the CBD industry. Will they force Washington to act?

first_img [email protected] GET STARTED A spate of new class-action lawsuits threaten the CBD industry. Will they force Washington to act? Nicholas Florko Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. WASHINGTON — Since the Food and Drug Administration can’t figure out whether supplements that contain cannabidiol, the marijuana-adjacent oil known as CBD, are legal, can a customer who thought they were buying a legal product demand their money back?A group of remorseful CBD users is suing to test that theory, and it’s going after the companies that put CBD on the map. What is it? Tags legal Washington Correspondent Nicholas Florko reports on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.” What’s included?center_img Politics Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED @NicholasFlorko STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. By Nicholas Florko Jan. 3, 2020 Reprints About the Author Reprints A person prepares cannabis plants. FABRICE COFFRINI/AFP/Getty Images Log In | Learn More last_img read more

Fleming hits out as motor tax no longer spent on road maintenance

first_img Pinterest Home News Fleming hits out as motor tax no longer spent on road maintenance NewsPolitics Fleming hits out as motor tax no longer spent on road maintenance By Steven Miller – 12th March 2018 Community Fianna Fáil TD for Laois Sean Fleming says motorists will be surprised to learn that the money they pay on motor tax is no longer spent on the upkeep and maintenance of roads.Up to recently the practice had always been that motor tax receipts were paid into the Local Government Fund and distributed directly to Local Authorities for spending on roads.However the Government broke this link on January 1 of this year.Deputy Fleming said that at the recent Public Accounts Committee meeting senior officials from the Department of Housing, Planning and Local Government confirmed that this change took place on January 1Deputy Fleming said, “They money raised through motor tax is now paid directly to the Revenue Commissioners, like all other taxation. Laois County Council team up with top chef for online demonstration on tips for reducing food waste Facebook RELATED ARTICLESMORE FROM AUTHOR TAGSDeputy Sean Fleming Ten Laois based players named on Leinster rugby U-18 girls squad Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining center_img Twitter WhatsApp Twitter “This means the money people spend on motor tax is no longer being spent on the upkeep and maintenance of roads.“This policy change has far reaching implications.“There is now a new serious risk that central Government will not always provide the funding needed for the repair, maintenance and upkeep of local roads.”SEE ALSO – WATCH: Portarlington Further Education staff and students share their experiences as National Learning Week is upon us Previous articleTalking Dance: The young Portlaoise woman who is performing on a national stageNext articleLaois athletes impress on final day of Leinster indoor action Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Facebook Pinterest WhatsApp Rugby Council last_img read more

Looking ahead to this year’s Laois junior football championship

first_img Looking ahead to this year’s Laois junior football championship Community The battle for a spot in the 2019 Laois intermediate football championship begins this week with some enticing clashes down for decision.The Laois junior football cahampionship begins with eight Round 1 games taking place between Thursday and next Monday.And ahead of the competition we have profiled the 16 competing teams.It is quite possibly the most evenly contested junior championship in a good while, with a number of teams in with a big shout of claiming the title.Annanough will start the season as favourites as the side just relegated from the intermediate grade.However, as Kilcavan and Park-Ratheniska will testify, getting out oh here tends not to be as easy as it seems.There are some very strong second teams in this grade with the likes of The Heath, O’Dempsey’s, Graiguecullen and Portarlington all capable of doing what St Joseph’s did last year and claim the ultimate prize.Check out the runners and riders below:ERRILLManager: Michael BurkeBackroom Team: Ray Kelly and Jason McSweeneyCaptain: TBCMain Man: Paddy PurcellLeague Form: They didn’t enter the leagueLast year: Erill are remarkable. They don’t play league but yet have won the last two championships they entered – Junior C and Junior B. They saw off Rosenallis in the latter last year.Team News: Dan Bourke and Eoin Bourke are struggling with injury and unlikely to be fit.Fixtures: Round 1 v Camross July 26Prospects: Really hard to know. Very difficult to step up two grades in two years and you’d imagine they will struggle.CAMROSSManager: Martin DeeganBackroom Team: Tim Doran and John DoranCaptain: Thomas Dunphy and Rob TyrellMain Man: Rob TyrellLeague Form: After winning Division 5 last year, Camross reached the Division 4 final this year where they once again faced Rosenallis. The sides drew after extra time and will have to play again.Last year: Ended up in a group with Park-Ratheniska, The Heath and Stradbally last year. Drew with Ratheniska the first day but they lost to The Heath and despite receiving a walkover from Stradbally in their last game, they missed out on a quarter final place.Team News: Dwane Palmer is in America and Gearoid Burke has a broken finger.Fixtures: Round 1 v Errill July 26Prospects: Will be favourites to win the first game and if they get knocked out of the senior hurling championship, it will be very interesting to see how seriously they take this.ANNANOUGHManager: Colin MillerBackroom Team: Eddie KinsellaCaptain: Shane StapletonMain Man: John ScullyLeague Form: Struggled at the bottom of Division 2 and ended up in a relegation play off against fellow junior side Kilcavan which they won to stay up.Last year: Relegated from the Intermediate grade last year after losing to Barrowhouse in the decider.Team News: Darren Maher is out with a knee injury.Fixtures: Round 1 v The Harps July 26Prospects: Begin the year as favourites and will be hoping to jump back up to intermediate at the first time of asking. New players like Killian Horgan, Damien McCaul, Ronan Stapleton and Barry Murphy will help here.THE HARPSManager: Richie ComerfordBackroom Team: David Finnegan and Niall BrophyCaptain: Niall BrophyMain Man: Ciaran ComerfordLeague Form: The Harps were in Division 4 but pulled out of it and were subsequently relegated.Last year: Drawn in Group D, The Harps were out early after loses to eventual champions St Joseph’s and Ballylinan. Defeated Killeshin in their final game.Team News: John Brophy and Tommy Moore are out injured.Fixtures: Round 1 v Annanough July 26Prospects: A very difficult assignment against the favourites and will be at the mercy of the success of their hurlers.PORTARLINGTONManagement team: Christy Smith, David Condron and Ger MaherCaptain: Padraig O’DwyerMain Man: Chris BoothLeague Form: Topped Division 3 of the league and ended up in the final where The Heath came through a play off and a semi final to face them. In an epic encounter, Portarlington were edged out by four points.Last year: Failed to get out of a group which contained Graiguecullen and Kilcavan last year. Defeated Ballyroan-Abbey but finished third.Team News: No Injury concerns.Fixtures: Round 1 v Portlaoise July 27Prospects: Will depend on what they lose to their senior team. If they can keep some players it will make them competitive.PORTLAOISEManagement team: Mick Nerney and David FitzpatrickCaptain: TBCMain Man: Liam McGovernLeague Form: A difficult league campaign saw them finish second from bottom in Division 3.Last year: In a three team group with O’Dempsey’s and Spink, Portlaoise lost both games and crashed out.Team News: No injuries.Fixtures: Round 1 v Portlaoise July 27Prospects: Like all senior teams, will be vulnerable to the higher graded teams who may take their players. Will be hoping for a better showing than last year.KILLESHINManager: Ger KellyBackroom Team: Michael Brennan and Paul DoogueCaptain: Niall BrennanMain Man: Niall BrennanLeague Form: Operated in Division 3 and finished comfortably mid-table.Last year: Very disappointing last year. Lost all of their games in Group B against St Joseph’s, Ballylinan and The Harps.Team News: No injuries to report.Fixtures: Round 1 v Ballylinan July 27.Prospects: Up against one of the teams who defeated them last year but have added some youth and look set to be a good deal stronger.BALLYLINANManager: Ned KellyBackroom Team: Myles Carr, David Murphy and Colm WalshCaptain: TBCMain Man: David BrideLeague Form: Operated in Division 3 and like Killeshin, finished exactly in mid-table.Last year: Defeated Killeshin and The Harps to reach the quarter finals where they were well beaten by Park-Ratheniska.Team News: Brian McEvoy is set to miss the first round through injury.Fixtures: Round 1 v Ballylinan July 27.Prospects: Will hope to reach the last eight again but the outcome of the first game may have a big impact on their season.PARK-RATHENISKAManager: Anthony HitchcockBackroom Team: Denis BrennanCaptain: Mark DelanyMain Man: Mark DelanyLeague Form: One of the junior teams who operated in Division 2, Ratheniska did well in the early part of the league which meant they were never in relegation trouble and finished mid-table.Last year: Progressed to the semi final but were well beaten by St Joseph’s. They lost the 2016 final to Rosenallis the year previous.Team News: Paddy Kelly is out with injury while Podge Dunne is currently away travelling.Fixtures: Round 1 v O’Dempsey’s July 27Prospects: This is Park-Ratheniska’s third season at this level since they were relegated from intermediate in 2015. Will be contenders once again though.O’DEMPSEY’SManager: Ross BehanBackroom Team: Liam Finlay, John Joe Bailey and Mark McCormackCaptain: TBCMain Man: Tom KellyLeague Form: O’Dempsey’s second team played in Division 2 of the league and performed very well. Finished sixth.Last year: Made it all the way to the semi-final last year where they lost out to Kilcavan after a replay.Team News: No injuries to report.Fixtures: Round 1 v Park-Ratheniska July 27Prospects: Have to be considered one of the main contenders here once again as long as they can hold onto the majority of their team.KILCAVANManager: Mark PlunkettBackroom Team: Dermot Hyland and Ger TraceyCaptain: Eddie ConroyMain Man: Jason MaherLeague Form: Very disappointing. Ended up in the Division 2 relegation play-off where they shipped a big beating against fellow junior side Annanough.Last year: Lost to Graiguecullen in the group stages last year but went on an incredible run which took them all the way to the final. Here though, St Joseph’s just proved too strong.Team News: Michael Tarpey has retired while Pat Gorry has moved away. In total, Kilcavan could be without as many as 10 players from the side which reached the junior final last year.Fixtures: Round 1 v The Heath July 29Prospects: Last year’s defeated finalists don’t appear to be going as well this year. Capable of turning it around though but face a very tough opener.THE HEATHManager: Barry McNameeBackroom Team: John KellyCaptain: Mark DunneMain Man: Cathal WhelanLeague Form: The only team in the championship that comes in here with silverware already claimed. They won Division 3 in some style against Portarlington a few weeks ago.Last year: Qualified from their group but ran into St Joseph’s in the quarter final and were beaten by 10 points.Team News: Aidan Bergin is out after he suffered a rib injury in a recent challenge game.Fixtures: Round 1 v Kilcavan July 29Prospects: The Heath were intermediate not too long ago and if they can hold onto the majority of the team that won the Division 3 final, they won’t be too far away.STRADBALLYManagement Team: John Delaney, Paul Molloy and Austin ClancyCaptain: Sean ComerfordMain Man: Liam ClancyLeague Form: Stradbally’s second team performed very well in the league and qualified for a semi final playoff against eventual champions The Heath – which they lost by two points.Last year: Very disappointing. Lost to The Heath and Park-Ratheniska before giving a walkover to Camross.Team News: Benny Lawlor and Ronan Maher are out while Colm Clancy is a doubt. It is hoped Sean Devoy will be fit.Fixtures: Round 1 v Ballyroan-Abbey July 30Prospects: Like all senior clubs, will be at the mercy of the team above them as to who they will have in the end.BALLYROAN-ABBEYManager: Jim WhelanBackroom Team: Barry WalshCaptain: TBCMain Man: Eoghan WhelanLeague Form: Ballyroan-Abbey finished fifth in Division 3, a year after their promotion from Division 4.Last year: Very disappointing. In a group with Kilcavan, Portarlington and Graiguecullen, they finished bottom and lost all of their games.Team News: Liam Delaney sustained a broken ankle in training and is out for the rest of the year.Fixtures: Round 1 v Stradbally July 30Prospects: Will be hoping to do better than last year but will be at the mercy of their senior team as to who they retain come next Monday.SPINKManagement Team: Paul Brennan and Rob Miller Captain: Paddy GormanMain Man: Sean DowneyLeague Form: Are the lowest ranked side in the competition as they operated in Division 4 this year and finished mid-table.Last year: Were in the group along with Portlaoise and O’Dempsey’s last year and defeated the Town to qualify for the semi finals where they lost to Kilcavan.Team News: No InjuriesFixtures: Round 1 v Graiguecullen July 30.Prospects: Were intermediate a couple of years ago but have slipped considerably. Hard to see them progressing far.GRAIGUECULLENManagement Team: Sean Doogue and Jason KellyCaptain: Jamie MaloneMain Man: Jamie MaloneLeague Form: Competed in Division 2 and ended up in a relegation playoff against Ballyfin. However, they received a walkover in that game to maintain their status for another year.Last year: Qualified for the quarter finals but were then beaten by O’Dempsey’s.Team News: No injuries. Boosted by the return of Michael Hande and Mark Doogue also.Fixtures: Round 1 v Spink July 30Prospects: Serious contenders here again. Edged out in the quarter finals last year but will be back and raring to go here – unlikely to lose too many to their seniors either.SEE ALSO – Looking ahead to this year’s Laois intermediate football championship Twitter Ten Laois based players named on Leinster rugby U-18 girls squad Facebook RELATED ARTICLESMORE FROM AUTHOR Rugby WhatsApp Home Sport GAA Looking ahead to this year’s Laois junior football championship SportGAAGaelic Football Previous articleYounger Laois ladies delighted to step up to the mark – and push for a place on the starting 15Next articleIn Pictures: Community Pride on show in Laois Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. By Alan Hartnett – 24th July 2018 WhatsApp Five Laois monuments to receive almost €200,000 in government funding Pinterest Twitter TAGSLaois JFC ‘A’ Community Facebook Pinterest Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’last_img read more

Laois in the front-line of Climate Strike this Friday

first_img Previous articleHuge weekend on the horizon for one Laois GAA clubNext articlePortlaoise roadworks set to stall for a further three weeks John WhelanJohn Whelan has been a journalist, commentator, columnist, political analyst, campaigner, politician and publisher ever since he was 17. Having been Editor of the Leinster Express, Offaly Express and the Leinster Leader he has also contributed extensively on a number of issues to all of the country’s flagship titles and programmes including the Irish Press, The Irish Independent, the Star, the Sunday Independent, the Sunday Business Post, The Sunday Times and Prime Time. He is founder of Communicate Ireland a PR, public affairs, event management and media services company.He is the author of the popular camping blog, Vanhalla – Camper Heaven. GAA Twitter Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest GAA Laois in the front-line of Climate Strike this Friday TAGSAisling O’ ConnorClimate Strike Facebook Twitter By John Whelan – 19th September 2019 Pinterestcenter_img WhatsApp Facebook GAA Laois will play its part in this Friday’s Climate Strike day of action.While there are events planned worldwide and in all of Ireland’s major cities, one Laois woman was determined that Laois would not be left out.Aisling O’Connor from Portlaoise was aware that many people like herself might be unable to make it to the protests in Dublin and elsewhere, so she decided to take the initiative to ensure that something was organised locally.She posted a Facebook appeal wondering if there was an interest in Laois people playing their part for the Climate Strike and has been heartened by the response.“At first I thought if even just one other person was interested in joining me for the Climate Strike in Portlaoise well at least that would be something but it seems there is quite a bit of interest building up.”The Climate Strike is a global event scheduled for this Friday, September 20. The Laois event will be held at the County Hall plaza, Portlaoise from 12 midday.“The local authority have been notified. It’s quite simple really. Just an opportunity for us to show support and solidarity with others around the country and the world who are concerned.“It’s a gathering really to show that we in Laois are also concerned and adding our voice. There are no speeches, its’ all informal and people can come along with their posters or banners,” explains Aisling.“Climate change and the environmental issues that are mounting across the world are a problem for us all, an issue for everyone, even is smaller towns, so we have to get involved and put more pressure on the government, to drill it home, to up the ante to make it clear that we want them to take action,” says Aisling.The former Scoil Chríost Rí student is herself now a student teacher at a Dublin post primary school and she also helps out part-time with a local primary after-school study group.Aisling readily admits that there is a huge discrepancy between growing public concern around climate change and related issues and agreement on the actions required to address them.“Politically it is supposed to be a top priority but yet that’s not reflected in policy or actions. We are calling on all political parties to practice what they preach, it’s as simple as that. It’s easy to say it’s a priority, but the actions are not following accordingly.“The more people who come along on Friday from 12 until one the better. Every person counts. If you are around it would be appreciated if you can show up even for a while and it will all help towards creating awareness and prompt a political and policy response,” encourages Aisling.The global Climate Strike on Friday is the latest in a growing number of actions being taken across the world to register growing public concern around climate change and environmental damage. Extinction Rebellion is also gathering momentum.Many of the protests and rallies are being led by young people and students inspired by the young Swedish environmental activist, Greta Thunberg and the campaigns of veteran broadcaster and natural historian David Attenborough. RELATED ARTICLESMORE FROM AUTHOR Here are all of Wednesday’s Laois GAA results Home News Community Laois in the front-line of Climate Strike this Friday NewsCommunity SEE ALSO – In Pictures: Stunning property on Laois golf course goes on the market WhatsApp 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

Invesco acquires advisor-technology provider Jemstep

first_imgSegment your email subscriber list Estateably expands to Alberta James Langton Atlanta-based asset management giant Invesco Ltd. has acquired Jemstep Inc., a Los Altos, Calif.-based company that provides online technology for U.S. advisors, enabling them to compete with the growing ranks of robo-advisors. The two companies announced the deal on Tuesday. Financial terms were not disclosed. Facebook LinkedIn Twitter Wealthsimple’s peer-to-peer app goes national Share this article and your comments with peers on social media Keywords Fintech Mogo to acquire investing app Related news Jemstep, which was one of the first firms to focus on helping advisors provide online advice to their clients, will combine with its investment management expertise to deliver a comprehensive solution to assist financial advisors, Invesco says in the announcement. “We believe investors are best served by partnering with a financial advisor to reach their unique investment goals,” says Martin Flanagan, president and CEO of Invesco, in a statement. “As we continually look to enhance our partnerships with advisors, we recognize that digital solutions can expand their options for meeting client needs. Jemstep’s proven platform enhances our ability to help advisors grow their business and by seeking to deliver superior client experiences in a rapidly evolving market environment.” Jemstep aims to help advisors serve clients with a platform that enables investors to access advice online through advisor-selected asset allocations of both mutual funds and exchange-traded funds (ETFs). Invesco notes that the platform will also give advisors the ability to track their own progress, view client data in aggregate, enhance portfolio management offerings and services, and manage risk. “The Invesco Jemstep combination is unique in that it will unite world-class investment management capabilities, Silicon Valley technology and expert human advice to deliver a comprehensive digital solution,” adds Peter Intraligi, Invesco’s head of distribution for North America. “We will deploy our industry-leading home office and field sales support in the U.S. to ensure that advisors realize the value of incorporating a digital solution into their practices.” “Similar to Invesco’s objective of helping advisors provide the best solutions for clients, Jemstep was founded on the principle of helping advisors differentiate their offerings by maintaining competitiveness,” says Simon Roy, president of Jemstep. “This includes helping them grow their business by gaining access to new markets or expanding access to current ones while also helping them meet their clients’ needs.” See: TD, Cisco team up on technologylast_img read more

Trudeau says Parliament needs to sit again for more Covid-19 relief

first_img 123RF The federal government will summon Parliament again to approve more spending to help the country to combat the financial fallout from Covid-19, Prime Minister Justin Trudeau says.Trudeau said Wednesday that he’s planning to call Parliament back for another sitting to pass additional items in what he described as perhaps the biggest economic bailout and social program this country has ever seen. Facebook LinkedIn Twitter Keywords Coronavirus Related news Virtual meetings to continue post-pandemic in B.C. Jordan PressStephanie LevitzCanadian Press Share this article and your comments with peers on social media Desjardins posted big gains in Q1 The value of the program is already over $200 billion, with almost half of that estimated to be direct financial aid, although the Liberals haven’t yet unveiled the price projections for a wage-subsidy program vastly larger than the one they first promised.Conservatives have pointed out that the emergency legislation Parliament passed just last week didn’t allow for the scale of the subsidies the Liberals are promising to help employers keep people on their payrolls.The government has said that all companies will get 75% of salaries covered, if they’ve lost 30% of their revenue due to the Covid-19 pandemic.That’s a departure from the original plan to cover just 10% of salaries for small businesses.Finance Minister Bill Morneau is to provide more details on the wage subsidy, including the costs, this afternoon in Toronto, but Trudeau said Wednesday morning that the money will go to companies that aren’t publicly funded.He also said companies that receive the cash need to do whatever they can to pay the remaining 25% of their employees’ wages.Before Trudeau spoke, Conservative Leader Andrew Scheer called on the government to clear up confusion over who is eligible for the wage subsidy, arguing the legislation as written doesn’t jibe with the Liberals’ pledge about who can get the help.He said his party is ready to return to Parliament to amend the law if needed, but the problem shouldn’t have happened in the first place.“It’s up to the government to decide how to proceed, but if they want to provide Canadians with the program they made in their announcement, they would have to amend their own legislation,” Scheer said during a press conference in his home city of Regina.“It’s up to them to decide whether or not that’s what they want to do or how long they want to wait to do that.”The Liberals didn’t put a timeline on when MPs and senators will be asked to return to Ottawa to pass any new legislation — a process that, under the practice they used last time, will require picking a small group of parliamentarians to review and vote on measures.Deputy Prime Minister Chrystia Freeland said the government felt it was important for Parliament to have its voice heard on the measures when asked whether the move would delay people receiving badly needed financial aid.“The magnitude of the measures that we know are necessary means that it would be a good idea to bring Parliament back to work on them,” she said.Any worker who receives the wage subsidy can’t at the same time receive a $2,000-a-month emergency benefit aimed at those who have lost their sources of income, Trudeau said.“It’s one or the other. You can’t get both of these benefits,” he said, speaking outside his Ottawa residence.An online application for the benefit will open as planned on April 6, Trudeau said, promising unspecified measures will be in place to avoid overwhelming federal systems.Some 2.1 million people have applied for employment insurance benefits within the last two weeks, Employment Minister Carla Qualtrough said — a number that is dramatically higher than what the program normally sees.So far, federal workers have processed more than 430,000 of those claims, and a new system being implemented Wednesday will help quickly address the backlog, she said during a midday press conference.Anyone who has already been approved for EI benefits will be moved over to the new emergency benefit, Qualtrough said. Covid vaccine-sharing discussions to dominate G7 summit talkslast_img read more

WA man in court over attempt to import meth in children’s toy

first_imgWA man in court over attempt to import meth in children’s toy This is a joint release between Australian Federal Police and Australian Border Force.A 25-year-old man charged over his alleged role in importing 276 grams of methamphetamine from the United States, worth approximately $276,000 in WA, is expected to face Perth Magistrate’s Court today (Friday, 12 February 2021).The Dianella man was arrested by Australian Federal Police officers on 12 January 2021, after he allegedly ripped open a stuffed toy llama to access the illicit drugs he expected to find hidden inside.The toy had been among items in a package sent by mail from the United States, which was wrapped in Christmas paper and described as presents for a family in Western Australia.Police will allege that after going through the package, the man set fire to some of the contents.AFP officers executed a search warrant at the property, where they allegedly found burned remnants of the mailed items in an outdoor fireplace.An investigation into the drug importation had been launched after Australian Border Force (ABF) officers at the New South Wales mail facility allegedly found a white crystalline substance hidden in the llama when they examined the package on 3 January.The substance returned a positive presumptive test for methamphetamine.The matter was referred to the AFP and officers replaced the illicit drugs with an inert substance before delivering the package to the destined address in Leeming on 12 January.Police will allege a man at the residence collected the package before taking it to his home in Dianella, where it was opened.The 25-year-old has been charged with attempting to possess a marketable quantity of a border controlled drug, namely methamphetamine, contrary to section 307.6 of the Criminal Code Act 1995 (Cth).The offence carries a potential maximum penalty of 25 years’ imprisonment.AFP Detective Sergeant Gabrielle Adam said no amount of illicit drugs are acceptable in our communities, and the AFP is working closely with our partners to combat all levels of the drug trade.“The potential penalty shows how seriously this offence is taken by the Government and authorities,” Detective Sergeant Adam said.“Methamphetamine use causes immense harm – it is linked to other crimes including assaults and robberies, and any driver impaired by this substance is a danger to everyone else on the roads.“We will do what we can to prevent these drugs from causing harm in our communities and prosecute those involved in the illicit trade.”ABF Superintendent International Mail NSW, John Fleming said ABF officers are always on high alert when it comes to detecting threats to the border.“ABF officers are highly trained and equipped with state of the art technology to protect the Australian community from threats like illegal drugs,” Superintendent Fleming said.“Our officers are stationed at every international port across Australia, they are experts at intercepting illicit drugs no matter the size of the concealment or where criminals attempt to hide them, this detection is yet another example of their great work.” /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:AFP, Australia, Australian, Australian Border Force, Australian federal police, Federal, Government, investigation, methamphetamine, New South Wales, NSW, Perth, police, technology, United States, WA, Western Australialast_img read more

Motor Mouth: Lies, damn lies and fuel economy figures

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 Pumping the wrong gas into your car could end up costing you dearly. The Economist calls it “post-truth” politics, “a reliance on assertions that ‘feel true,’ but have no actual basis in fact.” Of course, prevaricating politicians are nothing new, but what is different about the modern art of the lie, says the world’s foremost news magazine, is not that truth is falsified, but that it is “of secondary importance.” The lies, it says, are not intended to convince non-believers of a false view of the world, “but to reinforce prejudices” and, most especially, validate “common sense” truths that, again, “feel true.” In other words, just tell us what we want to hear so we don’t have to think.It should come as no surprise that Donald Trump is cited as the leading practitioner of the “post-truth” lie, but then Hillary is hardly a stranger to fantabulous fabrication. Now, judging from the hearings surrounding the mid-term evaluation of U.S. Corporate Average Fuel Economy (CAFE) standards, both automobile manufacturers and environmental lobbyists are following in their footsteps. And just like The Donald, both sides of the argument are using a kernel of truth — that CAFE standards call for automakers to achieve a fleet average of 54.5 miles per gallon by 2025 — to tell their whoppers.The automakers — represented by the Alliance of Automobile Manufacturers and backed by Republican lawmakers — are implying they can’t meet the standards because consumers are buying more trucks and SUVs that, no surprise, can’t get anywhere near 54.5 mpg. Environmental groups, meanwhile, counter that automakers signed on for the regulations and should damned well have their feet held to the fire to meet them. Fuel estimates finally get a reality check COMMENTSSHARE YOUR THOUGHTS Trending Videos Want to boost your fuel economy? Stop turning leftBoth are lying.The worst — or, if you’re a cynical journalist, the funniest — thing about this deception is that they’re both telling the same lie. Indeed, while climate change deniers and eco-weenies may be pandering to different constituencies and perpetuating radically different agendas, in a perfect example of the duplicitous nature of politicians, the tall tales they’re telling are based on the very same falsehood. That is…No one, despite all the numbers quoted, despite the massive headlines back when President Obama signed the latest CAFE standards into law, no one actually ever promised 54.5 mpg. They implied it. They hoped for it. Indeed, they expected it. But the agreement that, in 2011, was heralded as a breakthrough for emissions reduction across North America — because we Canadians basically followed suit — never once, despite the claims you’re reading in other newspapers, promised 54.5 mpg.Here’s what they did promise:CAFE regulations don’t actually call for a fleet average, 54.5 mpg or otherwise. What they do stipulate is model-by-model fuel economy improvement or, more accurately, segment-by-segment increases in fuel economy. Essentially, the government divided all cars into segments determined by size — designated by their “footprint” or physical length and width — and mandated fuel economy improvements for each. Thus, all economy cars were lumped together, as were all midsize sedans, SUVs and pickups. And each group was expected to increase its average fuel economy by a specific amount — 5.0 per cent for passenger cars, a lesser 3.5 per cent annually for pickups and SUVs — every year until 2025. Now here’s where that magical 54.5 mpg figure came from. Based on sales at the time — passenger cars versus trucks and SUVs — when you averaged out the fuel economy of all the cars being sold, those mandated improvements would have eventually led to that magical 54.5 mpg number. It’s important to note that this 54.5 mpg was not mandated; it was simply the target. Only the individual segment-by-segment “footprint” fuel economy improvement is law; the average is not.Of course, no one could envisage — since we’d become so accustomed to price increases at the pump — the cheap gas we currently enjoy. Or the fact that consumers, admittedly short sighted, would use this unexpected economy to buy more trucks and bigger cars. So, while individual models are in fact increasing their fuel economy as per the regulations, the fact remains that the North American fleet will not, at least if current sales trends hold, hit that 54.5 miles per gallon figure in 2025. Indeed, the original 54.5 mpg figure was based on just 33 per cent of the vehicles sold in 2025 being trucks; if, as estimates now suggest, that percentage is closer to 52 per cent, the projected fuel economy drops to 50 mpg.Maybe now you can see the fibs both sides are weaving out of this narrative. Environmentalists, claiming that 54.5 mpg figure as sacrosanct, are saying that automakers are failing to meet their obligations and doing what environmentalists — at least those in the automobile industry — always do, i.e. trying to force automakers to sell vehicles — small cars and EVs — that the public clearly doesn’t want. Read between the lines and what they really want is for the government to up the mpg requirements of individual cars (which is already a law) so the fleet still meets that 54.5 mpg average (which, again, was nothing but an estimate).Of course, the automakers (and their GOP friends) are hardly innocents in this fracas. Never a fan of legislated improvements, some are using the public’s desire for increasingly larger cars and trucks to claim that consumers are unconcerned if the fleet average doesn’t hit the 54.5 mpg target; they just want to buy trucks and bigger cars. That may well be true, but the fact remains that current legislation does not, in any way, hinder them from selling the trucks and SUVs the public so craves. Indeed, Ford could sell nothing but pickups and yet, if they managed to increase the F-150’s year-over-year fuel economy by the proscribed amount, they would still be in compliance. (Automakers are also complaining that meeting these targets is too expensive to attain, even though Consumers Union — the policy and action division of Consumer Reports magazine — pointedly notes that, so far, technology costs associated with fuel economy improvements are running below predictions.) In other words, both sides are fibbing and, as I said, are using the very same misrepresentation to peddle their falsehoods. Oh, what a tangled web doth government bureaucrats weave when they try to force change that the market — i.e. you and I — doesn’t want. RELATED TAGSMotor MouthMotor MouthNew VehiclesAlliance of Automobile ManufacturersAutomobile ManufacturingAutomotive ReviewsBarack ObamaCars and Car DesignConsumer CyclicalsConsumer Products and ServicesConsumers Union of U.S. Inc.Culture and LifestyleDonald TrumpEuropean UnionFord F-150Ford Motor CompanyGovernment and PoliticsIndustriesManufacturing SectorMotor Vehicle ManufacturingNorth AmericaPoliticsSUVs and CrossoversTurkeyU.S. Republican PartyUnited KingdomUnited StatesWestern Europe ‹ Previous Next › RELATED advertisement The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videos Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Buy It! 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