Canadian Press Montreal-based National Bank of Canada is eliminating “several hundred” jobs as part of a restructuring resulting from the economic slowdown. In an internal memo to employees, CEO Louis Vachon also attributed the decision to “increasingly fierce competition.” Share this article and your comments with peers on social media Facebook LinkedIn Twitter Canadian banks to focus on growth, spending and buybacks after strong second quarter Fed plays limited role in assessing climate risks for banks Keywords Banking industryCompanies National Bank of Canada The Montreal-based bank did not give a specific figure for the number of job cuts, but said they would mainly affect its Quebec operations. Vachon said the bank (TSX:NA) will try to minimize the impact on its 17,298 employees through various steps, including retirements and the elimination of vacant positions. It expects to record an $85-million charge ($64 million after taxes) in the fourth quarter. The restructuring is expected to generate $35 million in pre-tax savings, mainly in 2016. National, Canada’s sixth largest bank, has reported that profits grew three per cent to $453 million in the third quarter on $1.51 billion of revenues. TD getting new head of private wealth, financial planning Related news
RelatedSteering Committee for National Beautification Programme Steering Committee for National Beautification Programme UncategorizedOctober 10, 2006 Advertisements RelatedSteering Committee for National Beautification Programme FacebookTwitterWhatsAppEmail Minister of Tourism, Entertainment and Culture, Aloun Assamba has said that the islandwide beautification programme recently announced by Prime Minister Portia Simpson Miller, will involve public and private partnership, through the establishment of a steering committee. Addressing the weekly post-Cabinet briefing at Jamaica House on (Oct. 9), Mrs. Assamba said the committee for the $635 million, six-months campaign would have “clearly define roles and responsibilities, a plan of action, time frame, and the necessary committed funds for success”.The steering committee, which will be chaired by the Minister of Local Government and Environment, Dean Peart, will include representatives from the Jamaica Constabulary Force, the Tourism Product Development Company, the Social Development Commission, the Urban Development Corporation, Local Organizing Committee for Cricket 2007, parish council representatives, the National Solid Waste Management Authority (NSWMA), and the Jamaica Promotions Corporation.Noting that the beautification programme would be financed under the PetroCaribe Agreement, and the Tourism Enhancement Fund, the Minister informed that the scope of work would include “the cleaning of open lots, median strips and verges so as to accommodate landscaping, the removal of derelict buildings, and the execution of landscaping projects”.Other areas targeted for beautification are entrances to town centres and communities, community parks, and public open spaces.The Minister added that, “already some funds have been identified and some projects slated for beautification are National Heroes Park, Devon House, the Jose Marti round-a-bout, Mandeville Park, Mineral Heights round-a-bout in Clarendon, Neville Antonio Park in Portland, Watson Taylor Park in Lucea and Naggo Head in Portmore”.“The parks department of the NSWMA will be charged with the responsibility for monitoring the project and efforts are now underway to identify a project manager. We will work along with communities and private sector and service clubs,” the Minister disclosed. RelatedSteering Committee for National Beautification Programme
GG Urges All Jamaicans to Unite for Country’s Progress Governor GeneralJuly 19, 2013Written by: Glenis A. Rose Photo: JIS PhotographerGovernor General, His Excellency the Most Hon. Patrick Allen, stresses a point during his address at Thursday’s (July 18) official opening of the 36th conference of the National Association of Jamaican and Supportive Organizations (NAJASO), at the Secrets Wild Orchid Hotel in Montego Bay. RelatedGG Urges All Jamaicans to Unite for Country’s Progress Advertisements Governor General, His Excellency, the Most Hon. Sir Patrick Allen, has called on Jamaicans at home and abroad to unite for the country’s development.“The advancement of our country is the responsibility of each Jamaican both at home and also in the Diaspora and we must not wait for anyone to come and dictate to us what ought to be done. We, the people of this country, know what is not right with Jamaica and have that duty to fix what is wrong with our homeland,” he stated.The Governor-General was addressing the official opening ceremony for the National Association of Jamaican and Supportive Organizations’ (NAJASO) 36th Annual Convention on Thursday, July 18, at the Secrets Wild Orchid Hotel in Montego Bay.Urging Jamaicans to believe in themselves and in their ability to impact the nation and the world, the Governor-General said that nothing should be allowed to distract them from the vision of building a peaceful and fruitful country.“As we confront the many challenges to Jamaica’s development, we acknowledge that we are still on the journey to the accomplishment of that mission. We must admit that our progress has been hampered by (various challenges), but we cannot and we dare not lose heart,” he stated.He said that while this generation might not be able to declare “mission accomplished, we must all unite our efforts together to secure the foundation on which succeeding generations would be able to successfully make such declaration.”“Look at all that we have achieved, despite the odds. We have no need to fear the future, unless we have forgotten the way we have journeyed so far. We have, indeed, come a far way and must now resolve to go forward,” the Governor-General stated.He further called on all Jamaica to give full support to the country’s athletes, especially at this time when the athletic programme is facing some challenges.The three-day NAJASO convention, which is being held under the theme: ‘A partnership for transformation’ will end on Saturday (July 20) with Prime Minister, the Most Hon. Portia Simpson Miller, delivering the closing address. RelatedGG Launches Summer of Service Competition Story HighlightsUrging Jamaicans to impact the nationGG called on all Jamaica to give full support to the country’s athletes FacebookTwitterWhatsAppEmail RelatedAgriculture Sector Must Be Positioned To Feed Population GG Urges All Jamaicans to Unite for Country’s ProgressJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay
New Mexico State Rep. Bill Rehm RPNM News: “This needs to be changed. This has to be fixed,” Rehm stressed. “I’m optimistic because the community is very upset about how people are being released. We continue to see individuals released, rearrested and released again. We need bail reform.” Rehm’s call to crack down on the judicial system comes after yesterday’s release of Fabian Gonzales, one of the suspects in the Victoria Martens case. Rehm’s legislation would force judges to consider the seriousness of the suspect’s charge, the suspect’s past criminal history and the defendant’s court appearance record. Rehm wants a new law to consider these and other factors when courts consider release. The legislation would also make judges follow federal guidelines regarding release that would put the burden of proof on a defendant, not the prosecutor. Rehm hopes to get bipartisan support for his bill in the upcoming legislative session in January. ALBUQUERQUE — New Mexico State Rep. Bill Rehm (R-Albuquerque) formally announced his plan Wednesday to seek bail reform legislation designed to keep dangerous suspects off the streets. The bill would modify the 2016 Constitutional Amendment that allows courts to deny bail to a defendant charged with a felony if a prosecutor proves the defendant a threat to the public. Rehm calls that a failed amendment that has led to release after release of dangerous suspects. “The function of political leaders is to protect the safety of the community,” Rehm said. “And right now, communities don’t feel safe. We have failed communities.”
Akoustis Technologies, an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, has announced that it has received a new purchase order from a defense customer for the development of five new S-Band filters. These new filters operate within the S-Band frequency spectrum (2 to 4 GHz) and are aligned with the Company’s filter developments supporting 5G.Akoustis recently completed development of its 3.8 GHz filter with a new outsourced packaging supplier—improving the scale and delivery of XBAW filter product to its defense customer. With recent shipments against multiple open 3.8 GHz orders, this customer is now expanding its relationship with Akoustis with the order for five new S-Band frequencies.Akoustis will begin to recognize development revenue in the near term and is expected to deliver samples of the new filters in the second half of CY19. Production is expected to ramp in CY20. The new filter designs will be integrated into receiver modules for multi-element, active phased array radar (PAR) systems. The 3.8 GHz filter is designed and manufactured using the Company’s patented XBAW process and manufactured in the Company’s Si-MEMS Wafer Fab located in Canandaigua, NY.Akoustis has introduced several new filters over the past twelve months including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 3.8 GHz filter for defense phased-array radar applications, a 3.6 GHz filter for the CBRS infrastructure market and Band 25 downlink and uplink filters for LTE infrastructure. The Company is also developing several new filters for the sub 7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.
Controversy has erupted over White Student Unions Facebook pages popping up for Florida State University, University of Florida, University of Central Florida, and Florida International University.The creation of an “Illini White Student Union” Facebook page that surfaced November 18 in response to a “Black Student Solidarity Rally” at the University of Illinois at Urbana-Champaign was the first to gain national attention.These “White Student Union” pages currently exist only as social media creations, and it is not clear whether they are created by students at their respective universities. It is also unclear if these groups plan to become actual student organizations on campus.In their timelines, some pages post news articles critical of the Black Lives Matter movement, or stories that aim to debunk white privilege. Posts on these pages also include articles on racial controversies at other campuses or their own. Additional posts are on topics such as Europe and the European refugee crisis, political correctness, links to other “White Student Union” pages, and any articles written about themselves or other “White Student Union” pages.Reports claim that the group was formed in response to Black Lives Matter protests, and their “explicit hostility to white students and white culture.” Authorities from UCF and FSU state the groups have no official school affiliations.