Populist tax on oil firms has backfired

first_img KCS-content whatsapp Tags: NULL Show Comments ▼ Populist tax on oil firms has backfired Wednesday 30 March 2011 8:52 pmcenter_img IF George Osborne is to be believed, Britain is open for business once again. Some senior executives clearly agree: Sir Martin Sorrell, WPP’s boss, wants to move his firm’s legal base back to Britain if all of the proposals in the Budget are voted through. But if you are an oil and gas company, or a bank, Britain is looking like an increasingly bleak place to be based. This should concern everybody: financial and energy firms are both very large payers of tax to the exchequer, and important employers. In these straightened times, any hollowing out of those two key sectors can only mean one thing: higher taxes on the rest of us and fewer jobs.It was therefore bizarrely short-termist for Osborne to launch such a savage raid on North Sea energy firms in the Budget. The special additional tax on the sector was hiked from 20 to 32 per cent. All too predictably, several important firms are reconsidering whether it is worth the hassle developing new fields. First Norway’s Statoil halted investments in the Mariner and Bressay fields, which are worth up to $10bn. Yesterday, Valiant, a British firm, cancelled a project worth £93m, while Centrica is reviewing its options, as is Total, the French giant. Just like when Gordon Brown foolishly introduced a 10 per cent tax hike on oil firms in 2006, the North Sea will suffer and jobs will be lost. Already, many of the oil majors have been quietly selling their fields, reinvesting their capital in other, more promising parts of the world.Of course, energy firms have made a fortune from the increase in the price of oil in recent years. It is equally true that conditions in many other countries are even more unstable – and not just in Libya. But some mature North Sea oil and gas fields, which pay petroleum revenue tax as well as corporation tax, will now face a marginal tax rate of 81 per cent. Others will pay 62 per cent tax. This is oppressive and reminiscent of the 1970s. Luring firms into making an investment in the belief that tax will be low, before tightening the screws once the spending has taken place, can only destroy a country’s credibility, and forces investors to impose a risk premium on all their dealings with that economy. Large oil firms need to invest in parts of the world with the highest return on capital and the least tax and regulatory uncertainty. It is not much of an advert for the UK when the only argument in our favour is that we are not as bad or unpredictable as various banana republics or dictatorships around the world. Not only is the coalition artificially accelerating the North Sea’s natural decline, it is also cooling on nuclear energy in the aftermath of the Japanese tragedy. Combined with the UK’s woeful infrastructure, an energy crisis – perhaps in a decade or so – is looking ever more likely. Even more supplies will have to be imported from countries such as Russia, further endangering energy security. Energy companies are also key investors in skills: the coalition keeps saying it wants to help high tech manufacturing and science – and yet it is crippling an industry that does all these things. It is not just oil firms. The US has its own problems, of course, but Mike Bloomberg, New York’s mayor, yesterday said that he would love Barclays to relocate to New York. As we cut off our nose to spite our face, others will happily be picking up the [email protected] me on Twitter: @allisterheath whatsapp Share last_img read more

Guaranty Trust Bank Plc (GUARAN.ng) HY2010 Interim Report

first_imgGuaranty Trust Bank Plc (GUARAN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2010 interim results for the half year.For more information about Guaranty Trust Bank Plc (GUARAN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guaranty Trust Bank Plc (GUARAN.ng) company page on AfricanFinancials.Document: Guaranty Trust Bank Plc (GUARAN.ng)  2010 interim results for the half year.Company ProfileGuaranty Trust Bank Plc (GTBank) is a leading financial services institution in Nigeria with business operations in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania and the United Kingdom. The company provides banking products and services for the retail, commercial and corporate banking sectors. GTBank has received numerous accolades in recognition of excellent service, delivery, innovation, corporate social responsibility and good corporate governance include ‘The Best Banking Group by World Finance Magazine’ and ‘The Most Innovative African Bank by The African Banker Magazine’ in 2016/2017. GTBank’s head office is in Lagos, Nigeria. Guaranty Trust Bank is listed on the Nigerian Stock Exchangelast_img read more

Box House / Zouk Architects

first_img Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/433944/box-house-zouk-architects Clipboard Houses photographs:  3.2.1 PhotographyPhotographs:  3.2.1 PhotographySave this picture!© 3.2.1 PhotographyRecommended ProductsWindowsFAKRORoof Windows – FPP-V preSelect MAXWindowsSky-FrameRetractable Insect Screen – Sky-Frame FlyStonesCosentinoSurfaces – Prexury®WindowsLibartVertical Retracting Doors & WindowsText description provided by the architects. The project is located in one of the most sought after region with exclusive real estate properties known as the golden triangle of Strathfield, NSW Australia. The leafy suburb predominantly has pre-war bungalows and houses contributing to conservative streetscapes. Due to the ineffectiveness of the existing dwelling in its planning, relation to outdoors surrounding and maintenance cost, the client has decided to start afresh by completely rebuilding. Save this picture!© 3.2.1 PhotographyThe beginning of this project goes through complex analysis of the environment, starting with the surroundings directly affected by the conservative town planning regulations. The analyses singled out planning controls positively contribute to the immediate surrounding which determined the final shape and envelope of the building. The building envelope and composition of “The Box House” consists of series of boxes interlocked in an organized and formal manner. The rigid formation, however, is “deformed” with the insertion of an organic element in the form of a bamboo courtyard to the centre of the dwelling. This courtyard serves as an incision to the lineal planning of the dwelling in order to provide emission of natural lights and serves as an extension to outdoor spaces.Save this picture!© 3.2.1 PhotographyThe client, who is also a structural engineer, has good working rapport with the architect which contributed to the success of the built by providing unconventional structural solutions. The suspended concrete slab and roof parapet wall has been constructed with single pour of concrete to ensure no construction joints visible to achieve seamless exterior finish. The interior also feature a custom built cantilevered staircase tread with welded steel plates finished in warm American White Oak which seems befitting with the sand stone wall.Save this picture!© 3.2.1 PhotographyFrom the street, the dwelling is designed to be well grounded to the immediate surrounding with the curved retaining wall fluidly descend from the façade to the landscape. Sandstone cladding formed the heavier element on the exterior ground level with careful insertion of timber element to compliment the earthy tone of the dwelling. In contrast, however, the zinc cladding provides a fresh and unique element which signifies the new built and punctuates the otherwise conservative conventional streetscape.Save this picture!Upper Floor PlanProject gallerySee allShow lessHouse at Akatsuka / atelier HAKO architectsSelected ProjectsLondon Calling: How to Solve the Housing CrisisArticles Share 2013 Area:  700 m² Area:  700 m² Year Completion year of this architecture project Box House / Zouk Architects 2013 “COPY” Year:  Projects Australia Architects: Zouk Architects Area Area of this architecture project ArchDaily CopyHouses•Strathfield, Australia Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/433944/box-house-zouk-architects Clipboard Box House / Zouk ArchitectsSave this projectSaveBox House / Zouk Architects Save this picture!© 3.2.1 Photography+ 23 Share “COPY” CopyAbout this officeZouk ArchitectsOfficeFollowProductsGlassSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesStrathfieldHousesAustraliaPublished on October 03, 2013Cite: “Box House / Zouk Architects” 03 Oct 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Call for evidence from draft Gambling Bill Committee

first_img Tagged with: Gaming The Joint Committee on the Draft Gambling Bill is calling for written evidence to be submitted on the latest sections and policy information to be published.Following the publication by the Department for Culture, Media and Sport of around 50 draft clauses in July 2003, further sections and policy information regarding the Draft Gambling Bill have now been issued. The Joint Committee, chaired by John Greenway MP, is calling for written evidence from interested organisations and individuals to be submitted by 10 December 2003.The Draft Gambling Bill is relevant to charities because it will cover Society lotteries, prize competitions, remote e.g. online gambling, and other activities undertaken by many charities. Equally, it will cover the protection of children and vulnerable persons with regard to gambling, a direct concern of several charities. Advertisement  27 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Call for evidence from draft Gambling Bill Committee Howard Lake | 21 November 2003 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Girls Tennis: Mayfield Continues to Cruise; Defeats Westridge 16-2 in Prep League Showdown Tuesday

first_img Name (required)  Mail (required) (not be published)  Website  Mayfield saw its singles players go 9-0 in its 9 matches.That meant the Cubs would only need one victory out of its doubles teams to clinch a victory over Westridge on Tuesday afternoon.The Cubs doubles have not been as consistent as the singles, but they more than did their jobs, and clinched 7 of the 9 doubles matches as well to lead Mayfield to a rather easy 16-2 victory in a league match.Lauren Panajotovic, Carly Hall and Carolyn Paogueletto, the Cubs No. 1, 2 and 3 singles players, respectively, swept through the Tigers.Panajotovic lost just one of 18 games.Hall won all three matches by 6-0 scores and Paogueletto took 2 of her 3 matches without losing a game.Jack Baggott and Ciera Venegas continue to look solid as the Mayfield No. 1 doubles team, with straight set victories in their three matches. Subscribe Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Community News Top of the News center_img Sports Girls Tennis: Mayfield Continues to Cruise; Defeats Westridge 16-2 in Prep League Showdown Tuesday By BRIAN REED-BAIOTTO, Sports Editor Published on Tuesday, September 27, 2016 | 10:56 pm First Heatwave Expected Next Week 0 commentsShareShareTweetSharePin it Make a comment Community News HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Obsidian Cloud Detection and Response Now Available in AWS Marketplace

first_img Facebook Twitter By Digital AIM Web Support – February 4, 2021 WhatsApp Pinterest WhatsApp TAGS  Obsidian Cloud Detection and Response Now Available in AWS Marketplacecenter_img Pinterest Local NewsBusiness Twitter NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Feb 4, 2021– Obsidian, the cloud detection and response company, today announced availability in Amazon Web Services (AWS) Marketplace. AWS customers can now purchase the Obsidian SaaS security solution directly in AWS Marketplace and pay for the service through their integrated AWS bill. Obsidian protects against account compromise, insider threats, access misuse, data leaks, excessive privileges and weak posture in SaaS applications with its cloud detection and response platform. Customers can start in minutes and get unified visibility, analytics, and protection for Salesforce, Workday, Microsoft Office 365, Google Workspace, and other leading SaaS apps. “Obsidian provides a comprehensive view of internal and external threats across SaaS applications. Now with the AWS Marketplace listing, customers can buy the Obsidian solution the way they want to purchase,” said Chelsea Strong, Vice President of Global Sales at Obsidian. “With no software to install, Obsidian offers zero-friction deployment in minutes via API. Since many customers of SaaS applications have an existing relationship with AWS, Obsidian’s availability in AWS Marketplace will make it simpler for them to try and to buy.“ Obsidian connects with SaaS applications seamlessly to aggregate data about accounts, privileges and activity. The platform normalizes and analyzes the data using machine learning and expert analysis to detect threats and risks. Security teams have unified access to activity data across SaaS applications to investigate and respond to incidents. Obsidian offers a simple pricing model based on the number of employees. The ability to purchase Obsidian through AWS Marketplace enables organizations to get started with securing their mission-critical SaaS environments more quickly and easily. Obsidian remains 100% committed to the channel. Customers can purchase software solutions directly from their partner of choice in AWS Marketplace through the AWS Marketplace Consulting Partner Private Offers (CPPO) program. Additional Resources: Obsidian Cloud Detection and Response in AWS Marketplace: https://aws.amazon.com/marketplace/pp/B08RMXVD53 Obsidian Security Platform Page: https://www.obsidiansecurity.com/platform Obsidian Security Free Trial: https://go.obsidiansecurity.com/free-trial Obsidian Security Blog: https://www.obsidiansecurity.com/blog About Obsidian Obsidian cloud detection and response delivers comprehensive protection for SaaS applications. With unified visibility across applications, users, and data, security teams can quickly investigate breaches, uncover insider threats, and harden the security of their cloud environments with no negative impact to production. Using a unique identity-centric approach, Obsidian is capable of stopping even the most advanced attacks across SaaS and cloud services. Obsidian was founded by industry veterans from Cylance, Carbon Black and the NSA, and is backed by Greylock Partners, Wing, and GV. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204005128/en/ CONTACT: Suda Srinivasan [email protected] 650-644-7224 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY SECURITY OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE AUDIO/VIDEO NETWORKS INTERNET DATA MANAGEMENT SOURCE: Obsidian Copyright Business Wire 2021. PUB: 02/04/2021 09:00 AM/DISC: 02/04/2021 09:01 AM http://www.businesswire.com/news/home/20210204005128/en Facebook Previous articleBrooks Running Closes Out 2020 With a PR, Hitting Nearly $850 Million in Global RevenueNext articleThe 30 Most Influential Leaders in Ecommerce Announced by Signifyd Digital AIM Web Supportlast_img read more

Sarah Jessica Parker and Matthew Broderick sell West Village townhouse

first_imgTagsCelebrity Real EstateManhattanResidential Real EstateWest Village Share via Shortlink Sarah Jessica Parker and Matthew Broderick (Getty; Google Maps)After almost a year, Sarah Jessica Parker and Matthew Broderick have found a buyer for one of their West Village townhouses.The couple sold a home on Charles Street for $15 million, the Wall Street Journal reported. The pair bought the home on Charles Street for $3 million in 2000, according to property records. They began looking for a buyer last January, although the property was never listed publicly; instead, it was being quietly shopped as a whisper listing.Not much is known about the home: It was built around 1905 and spans 4,182 square feet over three stories. According to previous reports, Parker, Broderick and their children were living there while work continues on the megamansion the couple is building nearby on at 273 and 275 West 11th Street.It’s also not too far from the Perry Street townhouse that stood in for Carrie Bradshaw’s home on “Sex and the City,” the TV show that skyrocketed Parker to international fame.Nearby, a 7,000-square-foot townhouse at 20 East 10th Street that was once owned by the couple recently sold for $15.85 million, a hefty discount from its original asking price of $22.9 million.[WSJ]  — Keith Larsencenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

Reassessment of net surface mass balance in Antarctica

first_imgRecent in situ measurements of surface mass balance and improved calculation techniques are used to produce an updated assessment of net surface mass balance over Antarctica. A new elevation model of Antarctica derived from ERS-1 satellite altimetry supplemented with conventional data was used to delineate the ice flow drainage basins across Antarctica. The areas of these basins were calculated using the recent digital descriptions of coastlines and grounding lines. The delineation of drainage basins was achieved using an automatic procedure, which gave similar results to earlier hand-drawn catchment basins. More than 1800 published and unpublished in situ measurements of net surface mass balance from Antarctica were collated and then interpolated. A net surface mass balance map was derived from passive microwave satellite data, being employed as a forcing field to control the interpolation of the sparse in situ observations. Basinwide integrals of net surface mass balance were calculated using tools available within a geographic information system. It is found that the integrated net surface mass balance over the conterminous grounded ice sheet is 1811 Gton yr−1 (149 kg m−2 yr−1), and over the entire continent (including ice shelves and their embedded ice rises) it is 2288 Gton yr−1 (166 kg m−2 yr−1). These values are around 18% and 7% higher than the estimates widely adopted at present. The uncertainty in these values is hard to estimate from the methodology alone, but the progression of estimates from early studies to the present suggests that around ±5% uncertainty remains in the overall values. The results serve to confirm the great uncertainty in the overall contribution of the Antarctic Ice Sheet to recent and future global sea level rise even without a substantial collapse of the West Antarctic Ice Sheet.last_img read more

Instructor – TCH Anesthesiology

first_imgSummaryThe Department of Anesthesiology is recruiting for an attendingPediatric Anesthesiologist at Texas Children’s Hospital. Theanesthesiologist will be responsible for clinical anesthesiaservices for pediatric cardiovascular anesthesiologyprocedures.Minimum QualificationsMedical School Degree; Residency in Anesthesiology; Fellowship inPediatric Anesthesiology. The successful candidate will be boardcertified/eligible in anesthesiology and pediatric anesthesiology.Additional subspecialty training in pediatric anesthesia isrequired and in pediatric cardiac anesthesia is preferable.Baylor College of Medicine is an Equal Opportunity/AffirmativeAction/Equal Access Employer.3391CA; CHlast_img read more

Scobie McIntosh in four-day charity bake-a-thon

first_imgBakery equipment supplier Scobie McIntosh is undertaking a four-day bake-a-thon in which it will donate bread and other baked items to local charities.The event kicked off at the start of the week (9 December) and will run through to Thursday (11 December) during which time bread baked on-site by Scobie McIntosh and items donated by other bakery companies will be delivered to five charities.“We have done events like this in Leeds before, but this is the first time we’re doing it at our Surrey site,” said Duncan MacFarlane, bakery director, Scobie McIntosh.“Because we are a family-owned company and have been since we started in 1875, it’s important for us to give back to the community – to those who really deserve it and need it at this time of year.”Five charitable organisations are benefiting from the event. They are:Glass Door Homeless Charity – London’s largest open-access network, which partners with churches to give shelter and support to those who need it.Giving Back – a Crawley-based organisation, focused on providing food and essential items to rough sleepers/street homeless, as well as those in temporary accommodation.Crawley Open House – a charity providing support and services, such as hostel accommodation and a day centre.The Felix Project – a London-based charity focused on reducing food waste and distributing it to charities that support those in need of a good meal.Renewed Hope Trust – a charity that provides practical support to the homeless and disadvantaged, such as meals, shelter and clothing, in East Surrey.MacFarlane is heading up the baking at Scobie McIntosh alongside national catering manager John Ward. The pair will be joined by volunteers from across the company throughout the four days.Over the period, they expect to use 50 x 16kg bags of flour to produce the loaves and rolls.Other companies getting involved include: equipment manufacturer Rational; Grupo Bimbo, which is supplying fresh bagels; cake manufacturer Baker Boys; Finsbury Food Group-owned Ultrapharm, which is supplying gluten-free mince pies; Knaresborough-based North South Direct, which is providing a delivery van and driver; logistics specialist Howard Tenens, also offering a van and driver; and members of the team from Lloyds Bank, who will be assisting in the baking.last_img read more