Evidence on negative rates ‘encouraging’, says Bank of England policymaker

first_imgShe has clashed with fellow MPC member Andy Haldane over the shape of the recovery, which Haldane, the Bank’s chief economist, insitits will be relatively quick and V-shaped.  “Another factor interrupting the V is a very weak global outlook, with high uncertainties, particularly with a second wave already striking many countries,” she added. “Flare-ups like we’re seeing may potentially lead to more localised lockdowns and will keep interrupting that V[-shaped recovery].” The economist told the Sunday Telegraph that it was too early to know whether the scaled-back job support plans unveiled by chancellor Rishi Sunak last week would be enough to stave off a significant rise in unemployment once the furlough scheme ends in October.  Silvana Tenreyro said the Bank’s monetary policy committee was assessing the options in its toolkit (AFP via Getty Images) Show Comments ▼ Silvana Tenreyro, who sits on the Bank’s monetary policy committee (MPC), said the committee has been discussing what options it has in its toolkit, including “how effective negative rates might be in the current context”. Anna Menin whatsapp Silvana Tenreyro said the Bank’s monetary policy committee was assessing the options in its toolkit (AFP via Getty Images) Also Read: Evidence on negative rates ‘encouraging’, says Bank of England policymaker “Banks adapted well – their profitability increased with negative rates largely because impairments and loss provisions have decreased with the boost to activity and the increase in asset prices.” So far, the BoE has responded to the coronavirus pandemic by slashing interest rates to a record-low of 0.1 per cent and expanding its asset purchase programme by £300bn. Sunday 27 September 2020 12:43 pm Tenreyro said that evidence from the eurozone and Japan showed that cutting interest rates below zero had succeeded in reducing companies’ borrowing costs and did not make it unprofitable for banks to lend. The BoE said in August that it was examining the case for negative rates more closely, and said earlier this month that it would take a detailed look at whether the policy could be feasible during the fourth quarter.  Tenreyro said she expected Britain’s rebound from the historic 20 per cent drop in GDP in the second quarter to lose pace as coronavirus cases rise across the country.  More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com The Bank of England has seen “encouraging” evidence that negative interest rates could help the British economy during the downturn triggered by the coronavirus, a policymaker has said.  Evidence on negative rates ‘encouraging’, says Bank of England policymaker Silvana Tenreyro said the Bank’s monetary policy committee was assessing the options in its toolkit (AFP via Getty Images) Also Read: Evidence on negative rates ‘encouraging’, says Bank of England policymaker However governor Andrew Bailey has cautioned these steps do not mean the central bank is committed to implementing negative rates, which could see customers charged for holding deposits with banks.    Share “The evidence has been encouraging,” she told the Sunday Telegraph in an interview. She also told the paper that she did not expect Britain to continue to enjoy a V-shaped economic recovery due to headwinds from local flare-ups in Covid-19, increasing unemployment and a “very weak” global economic outlook. whatsapp She added that cuts in interest rates below zero had been almost fully reflected in reductions in interest rates charged to borrowers. Silvana Tenreyro said the Bank’s monetary policy committee was assessing the options in its toolkit (AFP via Getty Images) Also Read: Evidence on negative rates ‘encouraging’, says Bank of England policymaker Tenreyro said she expects the trajectory to be an “interrupted, incomplete V”, with the rebound in activity following the lifting of lockdown measures failing to reach pre-pandemic levels.  Tags: Bank of England Coronaviruslast_img read more

Cultural landscape conference focuses on Native education

first_imgAlaska Native Arts & Culture | Education | Juneau | Southeast | SyndicatedCultural landscape conference focuses on Native educationMay 4, 2017 by Ed Schoenfeld, CoastAlaska News Share:James White teaches a lesson on halibut fishing during Sealaska Heritage Institute’s Open the Box Math and Culture Academy in July 2016. (Photo by Nobu Koch/Sealaska Heritage Institute)Teachers from around Southeast Alaska will gather in Juneau next month to discuss culturally responsive education.A conference called Our Cultural Landscape will focus on helping educators better teach Native students.Jackie Kookesh is education director of the Sealaska Heritage Institute, which is organizing the event.“We think that teachers, when they understand, they begin to understand they’re a part of the cultural landscape here as well. Then they get grounded. And I think it provides a shift for educators to look at their relationship as a teacher in the classroom,” she said.The conference is June 1-3 and is open to teachers, administrators, classroom aides and those working in early childhood education.Kookesh said the approach is of use to more than Native students.“We feel it benefits all the students when you have a culturally responsive classroom and you have a culturally responsive teacher who is aware and knows. We hope that that approach will engage kids,” she said.Guest speakers include Christopher Blodgett, a Washington State University faculty member and clinical psychologist. He’s known for developing a system to better understand and track childhood and family trauma.James White shows traditional fishing techniques during a culture academy in July 2016. (Photo by Nobu Koch/Sealaska Heritage Institute)Other speakers are Zaretta Hammond, Larry Merculieff and Libby Roderick.Hammond is a national education consultant and author of “Culturally Responsive Teaching and the Brain: Promoting Authentic Engagement and Rigor for Culturally and Linguistically Diverse Students.”Merculieff was chosen by elders to serve as a bridge between traditional Aleut culture and the outside world. He established the University of Washington’s first indigenous student education program.Roderick is associate director for the Center for Advancing Faculty Excellence at the University of Alaska Anchorage and director of its Difficult Dialogues Initiative. She is the editor of “Alaska Native Cultures and Issues: Responses to Frequently Asked Questions.”Retired Juneau teacher and principal Carmen Mastronardo Katasse, a conference planner, said educators need to know Native culture is not a thing of the past.“The culture isn’t gone. It’s still here. And so our hope is that teachers leave this conference with a better understanding of not only the local culture, but the art, the history and how place-based education does increase student achievement, decreases dropouts and engages students because they feel connected,” she said.The conference is an outgrowth of an intensive training program for Juneau teachers.It will be held at Juneau-Douglas High School and the Heritage Institute’s Walter Soboleff Building.Share this story:last_img read more

Premium / On the wires: Xpediator’s profit warning makes it vulnerable, stock hammered

first_img New Premium subscriber REGISTER Email* Premium subscriber LOGIN << Go back Please either REGISTER or login below to continue © Aydindurdu Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Forgotten your password? Please click here By Alessandro Pasetti 30/07/2019center_img Password* Reset Your Password LOGIN Please Login “Due to a number of factors (…), while the business is on course to meet market expectations for revenues in the current year of over £200m,  profit before tax is anticipated to be materially below market expectations.” – Xpediator, 30 July 2019.Warning signs: After months of negotiations (click here and here for our previous coverage), Xpediator said in late April it was “no longer in discussions to acquire Intereuropa, a Slovenian logistics company”, but it added it continued to have “a … Email* Resetlast_img read more

All the latest GAA fixtures as attention switches to club games

first_img Electric Picnic WhatsApp Facebook Laois County Council granted almost €500,000 from Additional Outdoor Infrastructure Fund Home Sport GAA All the latest GAA fixtures as attention switches to club games SportGAA Community Pinterest After more than a month of action on the inter-county scene, attention this week moves to club games.None of the four Laois county squads have a game this weekend and it is understood that the footballers are going to release their players to play in club league games this weekend.That will certainly add some spice to the Division 1 clashes with games involving Portlaoise and Portarlington plus Courtwood and O’Dempsey’s particularly catching the eye.There is also plenty 2020 championship action to complete this weekend.The 2020 intermediate final, junior ‘A’ and ‘B’ hurling finals will all be played from Friday to Sunday.There are also several underage finals from 2020 down for decision.Check out all of the latest fixtures for the next seven days below:TUESDAY, JUNE 15All  games at 7.30pm with first-named team at home unless stated otherwiseACHL Division 3 Group A Round 1Portlaoise V BallypickasMountrath V ClonadACHL Division 3 Group B Round 1Abbeyleix V Borris-KilcottonRathdowney Errill V CastletownWEDNESDAY, JUNE 16All adult games at 7.30pm with first-named team at home unless stated otherwiseAll underage games at 6.30pm with first-named team at home unless stated otherwiseACHL Division 4 Group A Round 1The Harps V Rathdowney-ErrillBallinakill V Park Ratheniska-TimahoeACHL Division 4 Group B Round 1Kyle V CamrossRosenallis V Clough-Ballacolla2020 U-15 Football Championship Final Ballylinan v St Joseph’s in Centre of Excellence2020 U-15 ‘B’ Football Competition FinalBallyroan-Abbey v Killeshin in Centre of Excellence2020 U-13 Hurling Championship Semi-finals Clough-Ballacolla v Portlaoise2020 U-13 ‘B’ Hurling Championship Semi-finals Camross v MountrathPark-Ratheniska-Timahoe v Abbeyleix2020 U-13 ‘C’ Hurling Competition Semi-finalsSt Pauls v Ballinakill in Ballypickas2020 U-13 ‘C’ Hurling Championship Shield Final Raithin Og v Na Fianna in BallyfinTHURSDAY, JUNE 17All adult games at 7.30pm with first-named team at home unless stated otherwiseAll underage games at 6.30pm with first-named team at home unless stated otherwiseACFL Division 5 Group B Round 1Mountrath V BallyfinACHL Division 5 Group A Round 1Camross V MountmellickACHL Division 5 Group B Round 1Borris In Ossory-Kilcotton V Castletown in Kilcotton2020 U-13 ‘C’ Hurling Competition Semi-finals Portarlington v ClonadMinor Hurling Development League Group 2 – Round 1Rathdowney-Errill V Abbeyleix in Errill, at 7.30pmFRIDAY, JUNE 18All adult games at 7.30pm with first-named team at home unless stated otherwiseAll underage games at 6.30pm with first-named team at home unless stated otherwise2020 Laois IHC FinalTrumera v Rathdowney-Errill in O’Moore Park2020 Laois JFC ‘C’ Final Colt v Kilcotton in the Centre of Excellence at 7.45pm2020 Laois JFC ‘A’ Semi-finalsPortlaoise v The Heath in McCann ParkBallyroan-Abbey v Park-Ratheniska in TimahoeACFL Division 2 Group B Round 1Rosenallis V PortarlingtonO’Dempseys V Mountmellick2020 U-13 Football Championship Semi-finalsFirst Team v Fourth TeamSecond Team v Third TeamU-13 ‘B’ Football Competition Semi-finalsBallylinan v The Harps or Ballyroan-AbbeyGraiguecullen v Park-Ratheniska-Spink or MountmellickMinor Hurling Development League Group 2 – Round 1Raheen Parish Gaels V Camross in Clonad at 7pmSATURDAY, JUNE 19All adult games at 7.30pm with first-named team at home unless stated otherwiseAll underage games at 6.30pm with first-named team at home unless stated otherwiseACFL Division 1B Group B Round 1Emo V The HeathACFL Division 1B Group A Round 1Stradbally V KilleshinArles-Killeen V Arles-KilcruiseACFL Division 2 Group A Round 1Timahoe V Crettyard2020 U-13 Football Championship Shield Semi-finals St Joseph’s v Stradbally Parish Gaels2020 U-13 ‘B’ Football Competition Shield Semi-finals St Pauls v Kilcavan-The RockThe Heath v Rosenallis2020 U-13 ‘C’ Football Competition Shield FinalCastletown v Ballyfin Gaels TBC2020 U-15 ‘B’ Hurling Competition Final  Park-Ratheniska-Timahoe v Mountrath in the Centre of ExcellenceSUNDAY, JUNE 20All adult games at 7.00pm with first-named team at home unless stated otherwiseAll underage games at 12.00pm with first-named team at home unless stated otherwise2020 Laois JHC ‘A’ FinalThe Harps v Portlaoise in O’Moore Park, at 2.30pm2020 Laois JHC ‘B’ FinalCamross v Portlaoise in O’Moore Park, at 4.15pmACFL Division 1A Group A Round 1Ballyroan-Abbey V GraiguecullenSt Joseph’s V Ballylinan at 12pmACFL Division 1A Group B Round 1Portarlington V Portlaoise at 12.30pmO’Dempseys V CourtwoodACHL Division 1B Group 1 Round 1Colt-Shanahoe V Mountrath at 12.30pm2020 U-13 Hurling Championship FinalThe Harps or Castletown v Portlaoise or Clough-Ballacolla in the Centre of Excellence2020 U-13 ‘B’ Hurling Championship FinalCamross or Mountrath or Rosenallis v Park-Ratheniska-Timahoe or Abbeyleix in the Centre of Excellence2020 U-13 ‘C’ Hurling Competition FinalPortarlington or Clonad v St Pauls or Ballinakill-Ballypickas in the Centre of Excellence2020 U-13 ‘C’ Football Competition Final  Crettyard v Clough-Ballacolla in the Centre of Excellence at 11.00amMONDAY, JUNE 21All games at 7.00pm with first-named team at home unless stated otherwise2020 U-13 Football Championship Final – TBC2020 U-13 ‘B’ Football Competition Final – TBCBallylinan or The Harps or Ballyroan-Abbey v Graiguecullen or Park-Ratheniska-Spink or Mountmellick TBC2020 U-13 Football Championship Shield FinalLoser O’Dempsey’s/Killeshin v St Joseph’s or Stradbally Parish Gaels TBC, at 6.30pm2020 U-13 ‘B’ Football Competition Shield Final St Pauls or Kilcavan The Rock v The Heath or Rosenallis TBC, at 6.30pm2020 U-15 ‘B’ Hurling Competition FinalPortarlington or Park-Ratheniska-Timahoe v Mountrath or Raheen Parish Gaels in the Centre of ExcellenceMinor Football Development League Group 1 – Round 1Park-Ratheniska-Spink v Na Fianna Og TBCBallylinan v Ballyroan AbbeyStradbally Parish Gaels v Mountmellick Parish GaelsMinor Football Development League Group 2 – Round 1Emo-Courtwood v Portlaoise in EmoThe Heath V O’DempseysSEE ALSO – Talking Sport Podcast: Football relegation confirmed, hurlers lose to Antrim but ladies save the weekend Facebook GAA Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Here are all of Monday and Tuesday’s Laois GAA results By Simon Hartnett – 15th June 2021 Electric Picnic receives €423,000 funding under Live Performance Support Scheme Previous articleDeaths in Laois – Tuesday, June 15, 2021Next articleFootball relegation discussed at County Board meeting as championship approaches Simon Hartnett TAGSGAA fixtures Twitter All the latest GAA fixtures as attention switches to club gameslast_img read more

‘Recovery room’ scheme targeting Morgan Dragon investors: ASC

first_imgThe Alberta Securities Commission (ASC) is warning Alberta investors of a ‘recovery room’ scheme that is targeting Morgan Dragon Development Corp. investors. Recovery room schemes typically involve companies that contact investors, who have money tied up in an illiquid investment, with an offer to buy their shares at an inflated price. Once investors agree to the deal, the operators of the scheme ask the investor to first pay a fee for the service/transaction. In reality, the operators keep the fee but do not repurchase the shares, effectively victimizing the investors a second time. The ASC has been alerted that G.W. Trust and Transfer Services Limited, purportedly operating out of Thailand, is contacting MDDC investors and offering to buy their company shares. As part of the pitch, investors are told this is a limited-time offer and that before receiving any money from the purchase, the investor must first pay a “non-resident tax” based on a percentage of the inflated share price, usually in the thousands of dollars. The ASC is cautioning MDDC investors against participating in the offer or sending money to this company. The ASC says there are a number of red flags that lead the ASC to believe this is a recovery room scheme, such as: unrealistically high returns; money sent offshore; money must be paid up front; pressure to act quickly; and spelling errors in the documents related to the offer. Anyone who has been approached with an offer by a company offering to purchase MDDC securities is asked to contact the ASC Public Inquiries at inquiries@asc.ca. read more

Purpose Capital to represent Nexus social investing network

first_img Impact investing pioneers partner up Related news James Langton Keywords Impact investing Share this article and your comments with peers on social media Supporting racial justice through ESG investingcenter_img Launched in 2011, Nexus describes itself as a “global movement of 3,000+ next generation wealth holders, social entrepreneurs, and impact investors from over 70 countries uniting to catalyze new leadership and accelerate solutions to global problems.” In announcing its role as host of Nexus Canada, Purpose Capital said, “In the course of our work, we have seen, in no uncertain terms, how next-gens are increasingly earnest and active as social entrepreneurs, impact investors, philanthropists, and champions for important changes to these spaces. That’s why Nexus is so important: it convenes next-gens in a community of peers on similar journeys, connects them to thought leaders, and provides them with the space to consider how to begin or amplify their initiatives.” Toronto-based impact investing firm Purpose Capital Inc. on Wednesday announced that it is heading up the Canadian arm Nexus, a network for social investing and problem-solving. Purpose Capital’s co-founder Assaf Weisz will lead Nexus Canada as national director. The group will host an annual summit and a series of smaller, local meetings throughout the year; as well as forming working groups to examine specific issues. Facebook LinkedIn Twitter How do you measure the impact of an impact investment?last_img read more

First Asset introduces two new ETFs

first_img Facebook LinkedIn Twitter rvlsoft/123RF Share this article and your comments with peers on social media IE Staff Toronto-based First Asset Investment Management Inc. has launched two new exchange-traded funds (ETFs) that began trading on the Toronto Stock Exchange on Friday. Cambridge Global Asset Management, an affiliate of First Asset, will manage the two new ETFs: First Asset Cambridge Core Canadian Equity ETF, which invests in an actively managed portfolio comprised primarily of equity and equity-related securities of large and mid-capitalization Canadian issuers; and First Asset Cambridge Core U.S. Equity ETF, which invests in an actively managed portfolio comprised primarily of equity and equity-related securities of large and mid-capitalization U.S. issuers. Companies First Asset “These ETFs demonstrate our ongoing commitment to providing financial professionals with choice in tools to navigate the evolving investment landscape,” says Brandon Snow, 
principal and chief investment officer with 
Cambridge Global Asset Management, in a statement. Our differentiated investment philosophy remains consistent allowing us to look for opportunities to deliver value and support the growth of wealth over time.” Each of the two new ETFs will typically consist of 20-25 holdings, and each holding will represent between 3%-5% of the portfolio. Issuers that offer good value and the potential for growth in their industry are considered alongside factors such as market penetration, earnings estimates and quality of management. Photo copyright: rvlsoft/123RF last_img read more

MX sets new total volume trading record in 2016

first_img Related news IE Staff 26.3 million contracts traded in three-month Canadian bankers’ acceptance futures, breaking the record of 24.6 million contracts set in 2014 by 7%; 21 million contracts traded in the 10-year Government of Canada bond futures, breaking the record of 17.9 million records set in 2015 by 17%; 6.1 million contracts traded in the S&P/TSX 60 index standard futures, breaking the record of 5.5 million records set in 2015 by 11%; 25.3 million contracts traded in equity options, breaking the record of 24.2 million contracts set in 2012 by 5%; 11.7 million contracts traded in options on ETFs, breaking the record of 8.7 million contracts set in 2015 by 34%; and 671,462 contracts traded in the S&P/TSX 60 index options, breaking the record of 541,759 set in 2015 by 24%. “We are proud of this record-setting year,” says Luc Fortin, MX’s president and CEO, in a statement. “MX will build on these achievements … to propel us to new heights in the future.” The Montreal Exchange (MX) has set a new total volume record in 2016 with 91.9 million contracts traded, smashing the previous record of 76.7 million contracts established in 2015, Toronto-based TMX Group Ltd. announced on Thursday. A surge in activity in several key MX products contributed to the 20% gain in volume, year-over-year. In addition, various new MX volume records were established in 2016, including: Keywords Stock exchangesCompanies Montreal Exchange Negative 2021 outlook on exchange, clearing sector: Fitchcenter_img Facebook LinkedIn Twitter Share this article and your comments with peers on social media Nasdaq sharpens market surveillance Canadian IPO market limps through Q3, PwC reportslast_img read more

Borrowing Ceiling Raised to $700 Billion

first_imgRelatedBorrowing Ceiling Raised to $700 Billion Advertisements RelatedBorrowing Ceiling Raised to $700 Billion FacebookTwitterWhatsAppEmail A Bill to amend the Loan Act, which will increase the government’s borrowing ceiling from $650 billion to $700 billion, was passed in the Senate on Friday, March 2.Leader of Government Business in the Senate, A.J. Nicholson in piloting the Bill, pointed out that this amendment was designed to “facilitate government’s programmed borrowings over the medium term, and to allow for the increases in the (debt) stock, as a result of the capitalization of interest costs accrued on debt securities issued by the Bank of Jamaica, for FINSAC related operations and obligations”. Senator Nicholson, who is also Attorney General and Minister of Justice, noted that as of March 31, 2006 the total loan raised under the Act was $623.63 billion. This amount comprised of $493.376 billion on the domestic side and $130.252 on the external side. “At September 30, the amount raised was $645.818 billion, comprising domestic debt of $514.333 billion and $131.486 billion on the external side,” he added.Opposition Senator, Christopher Tufton said that while the Opposition was not opposed to the concept of borrowing, he urged the Senate to examine the tangible benefits that ordinary Jamaicans have derived from the government’s increased borrowing over the years.“The government needs to send the people of Jamaica a signal that there is going to be a relationship between the borrowing and the returns to the Jamaican people, so that people can at least be comforted that over time, they are going to see benefits from government’s borrowing,” he said.Responding to the concern raised by Senator Tufton, Government Senator, Trevor Munroe pointed to the Jamaica Social Investment Fund (JSIF), as one of the programmes that have benefited from government’s borrowing.He added that the ninth annual report of the JSIF showed that at the community level, many persons have benefited from numerous projects and programmes, including the Early Childhood Centre for children with disabilities and for rehabilitation, in Spanish Town, St. Catherine; the Anchovy Primary School fencing project in St. James; construction of the Buff Bay Baptist Basic School in Portland; and the Central Village Health Centre rehabilitation and expansion project, among others.The Loan Act of 1964 constitutes the legal basis for borrowings to finance government’s expenditure programmes. It confers on the Minister of Finance the power to raise, by loan, a sum not exceeding the figure stipulated in the Act and its subsequent amendments.center_img Borrowing Ceiling Raised to $700 Billion UncategorizedMarch 5, 2007 RelatedBorrowing Ceiling Raised to $700 Billionlast_img read more

Massive Gathering in Brisbane Australia Supports Indian Farmers

first_imgMassive Gathering in Brisbane Australia Supports Indian Farmers Leaders InstituteThe farmers’ rising voice of dissent found a substantive and immensely powerful support in the well-read, erudite community of Brisbane. In a gathering which was emphatically one of the largest in the world in support of the farmers in India, the protestors held placards and banners voicing their support for the farming community.Dr. Bernard Malik, renowned educationist, philanthropist and businessman, had given out the call to mobilize support for the protesting farmers in New Delhi. “As academicians and equivocal citizens, it is our moral calling to strive to raise awareness and mobilize support for our struggling brothers and sisters”, expressed Dr. Malik.It was indeed a heart-warming sight to see as a sea of humanity across myriad age groups and communities rallying together for a cause which has surely raked up global conscience.With a backdrop of intensely conflicting, expected repercussions, the bill has indeed caused quite a ripple, all across the farming community of India. While the government argues it will, help in regulating prices as well as offer the farmers a better bargaining capacity. “Unfortunately, an average Indian farmer does not have the sources or the infrastructural support to take benefit of either”, opined Dr. Malik. ” Purpose of this massive gathering is two fold, one to sed strong message of support to millions of farmers camped in New Delhi and put Indian Government on notice of the international attention to this issue.”A number of prominent speakers addressed the protestors, including Banwant Sahnipur, Balwinder Kaur, Neetu Suhag, Mandeep Punia, Naginder Dhaliwal and Gurlal Singh Gold Coast.Representing the sentiment of the 70,000 strong Indian Community in Queensland, theprotest promises to draw international attention to the burning, contemporary issue. The protesting farmers apprehend a major backlash to their livelihood and autonomy, should the bill be implemented in its entirety.Sarabjeet Sohi and Satwinder Teenu played a pivotal role in organizing the rally. The organizers were also grateful to Councilman Ryan Murphy, Lord Mayor and Hon Mark Ryan, the Police Minister for their unrelenting support. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. 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:Australia, Brisbane, community, Farming, Gold Coast, Government, Humanity, India, Mali, Minister, New Delhi, police, Queensland, rally, voice, worldlast_img read more