Government grants – Grantstation Trendtrack Tue, 04 May 2021 06:43:50 +0000 en-US hourly 1 Government grants – Grantstation Trendtrack 32 32 Mayor of Hawkins wants state infrastructure grant to be used to purchase new emergency radios | New Tue, 04 May 2021 04:00:00 +0000

ROGERSVILLE – The Hawkins County ad hoc committee meeting on May 12 to determine the wisest way to spend $ 11.1 million in federal stimulus funding now has an additional $ 509,000 to work with.

Hawkins County Mayor Jim Lee returned from Nashville last week with some good news from the governor’s office.

Governor Bill Lee last week announced to a group of northeast Tennessee County mayors his plan to allocate $ 100 million as part of his direct grant for the rehabilitation and reconstruction of the local government for the 2021-2022 fiscal year.

Governor Lee originally offered $ 200 million in infrastructure grants, but in light of the federal stimulus funding cities and counties are receiving, he has agreed to cut that spending in half.

Each county would receive an allocation of $ 250,000, with additional funding based on population as of July 1, 2019. In Hawkins County, this amounts to $ 509,858.

Other allocations proposed for northeast Tennessee include $ 974,615 for Sullivan County; $ 842,032 for Washington County, $ 547,144 for Hamblen County; $ 566,066 for Greene County; $ 508,050 for Carter County; $ 331,834 for Unicoi County; $ 331,399 for Johnson County; and $ 565,984 for Hancock County, which receives a higher allowance than its population demands because it is a struggling county.

The proposed allocation sheet for Governor Bill Lee’s “Direct Grant for Local Government Recovery and Reconstruction”.

The only restriction for these funds is that they cannot be used for recurring expenses such as salaries.

Hawkins County EMA Director Jamie Miller last week reported to the County Commission Public Safety Committee that only one bid had been received for the impending emergency radio system replacement project. county on the three antenna sites. This offer must be approved by the state before reaching the County Commission for approval.

Mayor Lee told The Times News on Monday that he hoped the commission would choose to use the local government’s direct recovery and reconstruction grant funding to meet other emergency radio needs in the county.

“The funds budgeted by the governor should be used to purchase all portable and mobile radios for the public security services,” said Mayor Lee. “This would complement the new repeater system that we are about to build and which will be purchased with a grant from CDBG. Some of these radios are over 20 years old. “

The ad hoc committee appointed by Budget Committee Chairman Mike Herrell meets on May 12 at 6 p.m. to begin discussing the best uses of the $ 11.1 million in federal stimulus funding Hawkins County will receive in 2021 -2022.

Mayor Lee said Monday he also had some suggestions for federal funding.

“I would love to see the county buy a truck and hire a full-time waste control officer,” Mayor Lee said. “This officer could also work with inmates in prison, if necessary. The waste problem in Hawkins County is spiraling out of control. This officer could also investigate illegal landfills and prosecute violators in court. “

Mayor Lee added, “We need to strengthen our fire, EMS, EMA and rescue team. Some of these departments are in desperate need of new equipment. We have to invest money in the homelessness and drug problem that we have in Hawkins County, and the money that is left over is to be put into the general fund for future needs.

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Finland to change legislation to curb forest acquisitions by foreign investors Tue, 04 May 2021 03:22:38 +0000

ACQUISITIONS Finnish forests by foreign institutional investors will be limited by a legislative amendment approved by the government at its new framework session, reports YLE.

The amendment will prevent forest funds from benefiting from a tax deduction for the cost of acquiring forest areas that was intended for private forest owners.

Minister of Agriculture and Forestry Jari Leppä (Center) revealed to the public broadcaster that the amendment is due to pass early next year. “We decided during the session to limit the possibilities of forestry funds to use the deduction,” he confirmed, adding that the decision fills a loophole in the income tax regime that had been exploited by at least some forest funds.

The need for the amendment stems from concerns about national forests ending up in the ownership of faceless, profit-oriented foreign investors, summary Mikko Tiirola, the president of the Central Union of Agricultural Producers and Forest Owners (MTK).

“The activity in the market has been absolutely wild in recent years, with a number of foreign players in the mix as well,” he said.

Funds and institutional investors have used their resources and various tax advantages to accumulate up to half of the forest area entering the market in recent years, according to MTK. In Kainuu and North Karelia, as much as 80% of the land sold has been acquired by forestry funds and investors.

“The funds have discovered a loophole in the legislation. Some funds have acquired forest areas to become owners of the condominium forests that they have created, ”Tiirola said.

Lawmakers, he said, introduced the deduction primarily for individuals, estates and co-owned forests: “It was certainly not intended for businesses or funds.”

The instrument allows forest owners to deduct 60 percent of the costs of purchasing forests from income from forestry activities.

Tiirola recalled that the assets of a forest fund can be transferred to foreign ownership in a single transaction, as evidenced by recent sales of two funds: Taaleri has sold 14,000 hectares of forest to France and United Bankers over 18,000. hectares to Germany. The problem, he explained, is that because funds seek to maximize their return on investment, an increase in their holdings may not promote forest biodiversity, for example.

Problems related to the lack of a face and short-term interests of owners, meanwhile, have already been seen in the area of ​​power grids, he added.

Leppä believed that the legislative change will limit the phenomenon at least to some extent. “This is the first step in this direction. We will weigh additional measures if necessary, ”he told YLE.

Finnish Forest Industries cautioned against overestimating concerns. Director Karoliina Niemi recalled that funds are usually a form of ownership that works well, as their pursuit of operational efficiency ensures that forests are well managed. She also felt that forestry funds only benefited from the tax deduction to a limited extent.

“The most important thing is that forests are managed actively, responsibly and patiently, and that the timber trade works,” she stressed, drawing attention to the importance of securing raw materials for the industry. forest industry.

Buyers’ motivations can also vary, according to Tiirola.

“Are they related to offsetting for emissions trading or to security policy, for example?” Either way, the intergenerational aspects and the commitment to the locality are not up to the hunting clubs, ”he said.

He also felt that the amendment alone would not solve the problems, saying the government should start designing a broader reform of forest taxes to harmonize the tax treatment of funds and private owners.

“We would be a long way off if the tax percentage was the same for everyone,” he said.

Aleksi Teivainen – HT

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Council helps Land Bank by reducing property penalties | Government Tue, 04 May 2021 02:19:00 +0000

St. Joseph City Council helped the Land Bank move forward with the redevelopment of damaged buildings after voting to reduce administrative penalties on four properties at their Monday meeting.

Properties have racked up fines for being neglected and having dilapidated structures. The board has cut nearly $ 20,000. This allows the Land Bank to acquire the property and market it for redevelopment.

There were five properties in total on the agenda, but one of the owners failed to complete the necessary paperwork so the vote was postponed.

These properties will be Land Bank’s first acquisitions since its inception about two years ago. The organization was created to fight blight and rot by buying dilapidated structures and finding people to rehabilitate them.

“This is what other cities are doing too, going to some of their neighborhoods and really being able to fix it,” said City Councilor Brenda Blessing. “Some need a lot, others may not have that many, but I think it’s a good idea. We’re a little late in getting things started, but it was a great law that we had to pass. It will be nothing but the future growth of St. Joe.

Earlier Monday, the Land Bank Board voted to go ahead with the acquisition of the same properties the council waived fines for – 1213 Isadore Street, 5908 Lockout Street, 1201 Corby Street and 204 N. 17th Street.

The next step for the Land Bank is to obtain title to these properties.

Other notable bills and resolutions adopted:

The council approved $ 122,655 for five new unmarked Chevrolet Equinox vehicles for the police department.

Mobile radios for firefighters

An application will be made to the Department of Homeland Security for a firefighter assistance grant of $ 570,000 for mobile radios. The city will be required to provide $ 51,818.18 as part of the grant.

Council approved $ 89,932.72 in sewer credit to Countryside Mobile Home Estates for estimated amounts that were billed, although the discharge did not enter the sewer system.

CDBG and HOME program funds

The city will submit the Year 2 Annual Plan for the use of FY2022 Community Development Block Grant and HOME Program funds.

Council authorized the signing of a rental agreement with the Greater Saint Joseph Community Action Partnership for a space in the Horace Mann Community Center.

The council accepted a $ 15,000 grant from the Pets for the Elderly Foundation to reduce animal adoptions for the elderly.

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Deloitte Provides Supply Chain Resilience Reporting to Government Tue, 04 May 2021 02:00:42 +0000

Deloitte delivered a series of reports to the federal government on supply chain resilience, as money continues to flow into manufacturing and building Australia’s sovereign capacity.

As part of its $ 1.5 billion modern manufacturing flagship strategy, the federal government has set aside $ 107.2 million for the Supply Chain Resilience Initiative (SCRI), which will seek to provide information on supply chains, identify gaps and take action to address them through grants.

It comes as the COVID-19 pandemic has led to increased focus on Australia’s sovereign manufacturing capacity and significant gaps in its supply chain.

Government studies resilience of Australia’s supply chain

Deloitte was awarded a five-week contract in early March valued at $ 242,000. The contract was not made public until this week after the work was completed. Deloitte received over $ 48,000 per week to complete the reports.

A spokesperson for the Department of Industry said the reports focused on the resilience of Australia’s supply chain around common medicine, personal protective equipment and agricultural production chemicals.

“Deloitte helped the department perform a robust and comprehensive analysis of supply chain vulnerabilities for the critical product categories identified,” the spokesperson told InnovationAus.

“The analysis will inform the assessment of possible procurement options to address the identified vulnerabilities.”

Starting in July, companies will be able to apply for grants under the Supply Chain Resilience Initiative to help “build or scale a capacity that addresses an identified vulnerability in the supply chain.” procurement for a critical product or input ”.

Through this initiative, the government aims to gain an understanding of the critical resilience of Australia’s supply chain, under normal circumstances and in possible crises, and to identify the products needed in times of crisis. and current manufacturing capabilities in these areas.

“We will work with industry to identify sourcing options to address vulnerabilities in domestic and international supply chains for identified critical products,” the government said.

The Department conducted a consultation process on the initiative late last year.

Supply chain resilience and sovereign capacity are at the heart of the government’s broader modern manufacturing strategy.

The $ 1.3 billion Modern Manufacturing Initiative fund is now open for the six benefit areas it will focus on: resource technology and critical mineral processing, food and beverage, medical products, recycling and clean energy, defense and space.

Direct grants for public-private collaboration and marketing are available under the initiative.

Last month, the federal opposition unveiled its own manufacturing policy with a $ 15 billion fund to commercialize innovation and bring manufacturing back to earth. Opposition Leader Anthony Albanese said the fund would rebuild Australia’s sovereign capacity, create jobs and diversify the economy.

State governments are also investing heavily in manufacturing and supply chain resilience.

Last week, the Victorian government opened its own $ 60 million manufacturing fund, aimed at strengthening the state’s sovereign capacity. The first component of the fund is the $ 20 million Business Competitiveness Program, which will provide grants to local manufacturers looking to support and expand their businesses through new technologies and processes.

You know more? Contact James Riley by email or Signal.

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Universal pre-K is not government overreach or massive subsidy Tue, 04 May 2021 01:05:52 +0000

And it is because these nations are achieving what the United States should have achieved a long time ago: that early childhood education can lead to improvements in short and long term health outcomes in our children.

We tend to think of health in terms of the factors closest to the delivery of health care itself. Insurance, interventions, drugs, therapies. Yet it is the larger environmental issues – factors that those in the public health arena call the “Social determinants” of health—Which have a far greater impact on the well-being of a community than any other bedside care.

Dr Michelle Au

Credit: TheCOLCollection

Credit: TheCOLCollection

These factors include access to quality education opportunities, the availability of community resources and the ability to meet daily needs, all that universal early childhood education could provide, especially for low-income working families .

Most early childhood education programs have two main goals. The first is to provide cognitive, social and behavioral support to children in order to prepare them for kindergarten. The second is to facilitate parents’ ability to participate in the labor market by caring for children while they are working. High quality early childhood education has been shown to show improvement along both of these metrics. The Journal of Economic Perspectives it has even been noted, rather dispassionately, that quality early childhood education programs “constitute valuable social investments in the human capital of children”.

Yet over the past five decades, U.S. investment in early childhood education has declined relative to that of other wealthy countries. This gap is most pronounced in our public programs who tend to enroll low-income children, and only a fraction of those eligible, due to limited funds.

Ironically, some Republicans have opposed proposals for a pre-K universal national program despite its advantages, historically labeling measures such as government overspending and overreaching. Those same Republicans, meanwhile, wholeheartedly endorse measures such as work requirements for low-income parents to qualify for programs like Medicaid, essentially forcing low-income mothers to work without providing them with a safe place to go. leave their children.

In his joint speech to Congress last week, President Biden unveiled his bold and progressive Plan of American families, which, in addition to a series of other measures to support parents and children, planned to provide a preschool for every 3- and 4-year-old child in the United States. This aims to close the gap in access to high-quality early childhood education for low-income children and facilitate their parents’ increased participation in the labor market.

Unsurprisingly, and sometimes bizarrely, Republicans have cried foul.

The night of the president’s speech, Sen, Marsha Blackburn, R-Tenn., Tweeted, “You know who else loved the universal daycare[?]With a link to what she presumed to be an overwhelming New York Times article 1974 describing the heavily subsidized day care system in the Soviet Union. The article, in fact, reads like a hymn to universal early childhood care. “The vast majority of Soviet families need a working woman to make ends meet,” the article says, and working-class women are “thrilled to have nurseries and kindergartens” , while “offering children the beginnings of an education”.

The next day, the author of “Hillbilly Elegy” and Ohio Senate possible hope JD Vance tweeted, even more perplexed, this universal pre-K would be “a massive subsidy to the lifestyle preferences of the rich over the preferences of the middle and working class” and thus constitute a “class war against normal people”.

The presumption implicit in the protests of Senator Blackburn and Mr. Vance is quite simply that “normal” working class people should not, would not choose, to avoid stay-at-home parenting rather than paid work at home. outside the house.

Meanwhile, the reality is that fewer low-income parents are availing themselves of a high-quality preschool simply because availability and resources are so limited, and just like the Soviet families described in the New York article. Times shared by Senator Blackburn, lowest to medium. American class families cannot survive on just one salary.

In addition, in States where there are universal pre-K programs, they are both successful and very popular. Georgians, in particular, should know our universal pre-K program was the first of its kind in the country, and now enrolled almost 60% of 4-year-olds in Georgia, with resulting improvements in their preparation for school according to a wide range of measures. Yet Georgia’s early childhood education program leaves out most 3-year-olds, and waiting lists exist, especially in the subways of Atlanta and Savannah. Ours is seen as a success story and a start, but we as a country can do more.

Partisan posture aside, America’s plan for families, and the universal early childhood education proposal at the heart of it, is an investment in the future of this country. It is an investment in our children, it is an investment in the parents who raise them and it is an investment in the health of our communities.

And as with many public health interventions, the benefits far outweigh the costs. Right now, these advantages are the ones we cannot afford to overlook.

About the Author

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Victoria to introduce $ 3,000 grant for electric vehicles Tue, 04 May 2021 01:02:11 +0000

Buying an electric car may become easier for Victorians, with the state government announcing a new grant of $ 3,000.

This grant will apply to Zero Emission Vehicles (ZEV) and will be available for up to 20,000 vehicles from May 2, 2021.

According to the Andrews government in Victoria, the package is part of a $ 100 million pledge to see fully electric or hydrogen cars account for half of all new vehicle sales by 2030.

Victorian Energy, Environment and Climate Change Minister Lily D’Ambrosio said the state’s transportation sector contributes significantly to emissions.

“This reform package makes cars the vehicle for change, by bringing more zero-emission vehicles onto our roads,” she said.

Treasurer Tim Pallas said the investments “will encourage more drivers to consider purchasing a zero-emission vehicle – and ensure Victoria leads the country in zero-emission vehicle consumption.”

See also: “ Discount on electric cars ” on the ballot in the next federal election

In the market for an electric car? The table below shows auto loans with some of the lowest fixed interest rates in the market for low emission vehicles.

Other government subsidies for electric cars

Currently, Australia mainly has state incentives to encourage purchases of electric vehicles (EVs), with little supply at the federal level.

For aspiring electric and hybrid car owners, the following incentives are available in addition to this new $ 3,000 grant:

Confusion over the Victorian government’s bilateral approach to EV

The announcement of a $ 3,000 break for car buyers, as well as a $ 19 million investment in charging infrastructure, has been welcomed by some industry groups.

The Federal Chamber of Automotive Industries (FCAI), for example, provided support, saying it had worked closely with the government to increase adoption of electric vehicles.

“The CFAI thanks the Government of Victoria for its consultation on this issue and we look forward to continuing to develop more policies through the Government of Victoria Expert Advisory Group to ensure that long-term strategies are achievable. , practical and innovative are in place to respond in the long term. , shared objectives for the CO2 emissions reduction, ”said Tony Weber, Chief Executive Officer of the FCAI.

“The CFAI has always advocated for a national approach to these issues which, ideally, would be led by the federal government to prevent individual state governments from introducing their own standards and incentive programs in support of FTAs.

However, Mr Weber also noted that this new package called into question the Victorian government’s new electric vehicle road charge, the ‘electric vehicle tax’ dubbed by 25 different organizations as the ‘worst electric vehicle policy in the world. world “(see below).

“Road user pricing decisions should not be based on specific technologies and in particular those that are in their infancy in the Australian market,” said Weber.

“An effective road user pricing system can address all vehicle users regardless of what type of vehicle they drive, how often it is driven and the purpose of the trip.

“The CFAI will be keen to work with the Government of Victoria and other governments to explore the benefits of large-scale vehicle tax and tax reform.”

What is the Victorian “Electric Vehicle Tax”

Fees for using the Victoria Highway are expected to begin on July 1, 2021, assuming they pass through Parliament in early May.

Essentially, these fees would include a tax of 2.5 cents per kilometer for fully electric vehicles and 2 cents per kilometer for plug-in hybrid vehicles.

Vic Roads says that would mean the average electric vehicle owner could expect to pay an additional $ 330 each year in road costs, and according to The Australia Institute, it would be the first tax in the world to directly pay off the purchase of an electric vehicle more difficult.

In an open letter created by The Australia Institute, 25 different organizations called the proposal “the world’s worst EV policy”, including:

  • Car manufacturers like Hyundai and Volkswagen
  • Climate advocates like the Clean Energy Council, Smart Energy Council, Australian Conservation Foundation and more
  • Automotive bodies such as the Electric Vehicle Council and the Transport Alliance
  • Other companies like Uber and Charge Fox

“No other jurisdiction has introduced such a targeted levy on the cleanest vehicles on the road without significant incentives to balance it,” the letter said.

“Most industrialized countries prioritize incentives for electric vehicles to benefit from cleaner air and new jobs in a growing industry.

“This new tax means that global automakers are much less likely to send Victorians their best, most affordable and affordable zero-emission vehicles.”


Most Australians seem to agree with other incentives for EVs, regardless of their big party affiliation.

However, the Victoria government has said its new $ 3,000 electric vehicle subsidy is made possible by expected revenue from the road charge, saying it “will be introduced at a fraction of the vehicle taxes and fees to be paid. engine that other vehicle owners pay, and will guarantee all roads. users contribute to the maintenance of our roads. ”

Related: Affordable Electric Cars in Australia

Photo of Science in HD on Unsplash

The entire market was not taken into account in the selection of the above products. Instead, a smaller part of the market has been envisioned, which includes retail products from at least the Big Four banks, the top 10 customer-owned institutions and Australia’s largest non-banks:

Products from some vendors may not be available in all states.

For the sake of full disclosure,, Performance Drive, and are part of the Firstmac group. To find out how handles potential conflicts of interest and how we are paid, please click on the links on the website.

*the Comparison rate is based on a loan of $ 30,000 over 5 years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees, or other loan amounts may result in a different comparison rate.

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Companies donate more money, build hospitals, oxygen generators Tue, 04 May 2021 00:42:00 +0000

BENGALURU: Aid continues to flow to India for its fight against the second wave of Covid-19. American Indian billionaire businessman Vinod Khosla pledged $ 10 million to the GiveIndia online donation platform and was hoping others would join him. “There are important and very urgent needs and a delay of a day costs lives. One day, in a hospital without oxygen, 8 people died breathless,” he tweeted.
The French IT company Capgemini has committed Rs 50 crore. This fund, he said, will be used to build Covid intensive care facilities, oxygen production plants, other long-term medical infrastructure and to provide relief operations.
“India is at the heart of what we do at Capgemini, and the health and safety of our employees and the communities we live in remains our top priority. This second wave of the Covid pandemic in India has been particularly difficult and we want to ensure all our support to fight this pandemic and emerge stronger, ”said Aiman ​​Ezzat, CEO of Capgemini.
German software company SAP doubles its commitment by adding an additional 3 million euros for a total of 6 million euros to the Covid-19 emergency fund. Of this new donation, 1 million euros will go to Covax, the vaccines pillar of the Access to the Covid19 Tools (ACT) accelerator. Kulmeet Bawa, President of SAP India, and Sindhu Gangadharan, please SAP Laboratories India would actively lead the relief efforts.
The State Bank of India (SBI) has allocated Rs 71 crore to undertake various initiatives related to Covid. The bank has spent 30 crore rupees to set up makeshift 1,000-bed hospitals, 250-bed intensive care units and 1,000-bed isolation centers in some of the worst-hit states. These facilities would be set up in collaboration with government hospitals and municipal corporations. The bank will also contribute Rs. 10 crore for genome / laboratory sequencing equipment and vaccine / laboratory research equipment to the government.
the Essar Group has set up a 100-bed Covid care center, equipped with oxygen support, in Gujarat. The center, which will be run by a local municipal hospital, will also take care of housekeeping and healthy diets for patients admitted to the facility.
Motilal Oswal pledged Rs 5 crore and also donated over 300 oxygen concentrators, 50 ventilators and 200 gas cylinders to hospitals in Maharashtra, Rajasthan and Gujarat.
Accenture India, which has more than 2 lakh employed in India, said it has introduced an additional five-day Covid-19 caregiver leave for its employees to care for family members who have tested positive for Covid-19 .
“We have also launched a home care service for our people and their families who have symptoms and are in quarantine or awaiting hospitalization. The assistance package includes medical care and counseling for the 14-day quarantine period, including daily remote nursing support for vital signs monitoring, consultations with doctors, dieticians and psychologists and home isolation kits, ”the company said.
(With contributions from Mayur Shetty and Reeba Zachariah)


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Postmedia tells shareholders that $ 35 million in federal donations are now a ‘key pillar’ of its business strategy Mon, 03 May 2021 23:36:53 +0000


Canada’s largest newspaper chain says grants are aimed at ‘welfare slackers’ but says government support for investors is at the heart of its business model

Postmedia, the corporate media giant that owns right-wing newspapers including the National Post and the Toronto Sun, has passed the COVID-19 pandemic railing against emergency government grants such as “lavish gifts” for “social slackers”.

But it turns out that Postmedia didn’t just invest tens of millions of dollars in rescue money and emergency grants – the company also claims that these taxpayer-funded documents are, in fact, “key pillars” of its business strategy.

The right-wing media conglomerate offered the rash admission to investors in its recent press release Annual report 2020.

In a letter to shareholders, Andrew MacLeod, CEO, said Postmedia would likely not be profitable without more than $ 35 million in federal “government support”:

“Since March, we have focused on four key pillars: preserving liquidity, containing costs, maximizing revenues and supporting government.”

Postmedia Annual Report 2020

Specifically, the report notes that the company received Canada Emergency Wage Subsidy (SCAR) money from March 15 to August 29, 2020 to recover more than $ 21 million. The company also pocketed $ 14.5 million in journalism tax credits.

The company also lists the availability of government grants and tax credits as “key factors affecting operating results”:

“You have to use judgment in determining when government grants and tax credits are recognized. Government grants and tax credits are recognized when there is reasonable assurance that we have complied with the conditions associated with the relevant government program. Determining reasonable assurance involves judgment due to the complexity of the programs and related claims and review processes. “

Postmedia Executive Chairman Paul Godfrey, who has made several large donations to Erin O’Toole’s Conservatives and Doug Ford’s Ontario PCs in recent years, stressed the importance of government support for the sustainability of the corporate business model.

“Since Postmedia has been around, we have pressured governments to tackle threats to our industry,” Godfrey wrote. “We hope to see the Canadian government do as other governments have done to support journalism.

Last year, despite tens of millions of dollars in government grants, Postmedia laid off 40 employees and closed 15 newspapers.

Earlier this year, federal authorities dropped a Postmedia criminal conspiracy investigation despite Postmedia and TorStar evidence plotted to shut down 41 local newspapers and eliminate hundreds of jobs in journalism.


Postmedia right-wing newspaper chain have variously described another wage subsidy, the Canadian Emergency Response Benefit, as an “all-you-can-eat buffet for young people who can convert their part-time job to $ 2,000 a month in spending money.”

Postmedia did not respond to requests for comment from Tap Progress.

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Your questions – Mutual funds: For liquid funds, check the expense ratio, performance and credit quality of the portfolio Mon, 03 May 2021 22:30:00 +0000

For an investment horizon of three months or more, also consider very short-term funds, which with a slightly higher portfolio maturity / duration (3-6 months), offer higher returns.

Is it safe to keep my emergency funds in liquid funds now because the returns are very low?
—AK Dharamraja
Liquid funds invest in debt and money market securities with maturities of up to 91 days. Therefore, their returns would generally follow prevailing short-term interest rates. In addition, due to the short-term nature of the instruments held, any impact of changes in interest rates on their valuation is negligible. Interest rates and bond prices share an inverse relationship.

In terms of the credit quality of the underlying portfolios, liquid funds invest mainly in securities rated AAA and equivalent. Recently, due to an increase in short-term interest rates in the bond market, liquid fund returns have improved slightly. While investing, check the portfolio’s credit quality, expense ratio and performance. For an investment horizon of three months or more, also consider very short-term funds, which, with a slightly higher maturity / portfolio duration (3-6 months), offer higher returns.

What should be the ideal period of holding in a dynamic bond fund and is investing in such funds risky in the current situation?
—Suraj Gangwar
Dynamic bond funds have the ability / flexibility to invest in bonds or government securities through duration tranches depending on the views of the fund manager. If the manager believes that long term interest rates would fall, he may invest in long term government bonds / securities to benefit from lower interest rates. Conversely, if he believes that interest rates should rise, he may reduce the duration of the portfolio. It is sometimes known that managers also accept credit calls in these strategies, that is, they invest in lower rated bonds to obtain higher returns. Given the great flexibility of the mandate, dynamic bond funds can be considered “all weather” debt funds and can be held for long periods such as three to five years or even longer. While investing, it is necessary to assess the skills of the manager; one indicator could be to understand how well they have gone through various interest rate cycles in the past. It should also take into account the credit quality of the underlying portfolio and whether this matches its point of view, the expense ratio and the exit charge structure (if applicable).

The author is Director, Investment Advisory, Morningstar Investment Adviser (India). Send your questions to

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Deputy Prime Minister Grant Robertson sets up new ‘delivery unit’ to ensure government policies are actually implemented Mon, 03 May 2021 22:05:00 +0000

Deputy Prime Minister Grant Robertson will become the informal minister of government delivery, thanks to a newly created ‘implementation unit’ within the powerful Prime Minister and Cabinet Ministry, or DPMC.

The move comes after a term of government in which several important plans collapsed during their implementation – including KiwiBuild and the light rail in Auckland – and is inspired by a unit put in place by British Prime Minister Tony Blair.

Deputy Premier Grant Robertson gets a new implementation unit.


Deputy Premier Grant Robertson gets a new implementation unit.

Robertson will announce the unit on Tuesday in a pre-budget speech in Wellington, but its existence was revealed in a job posting seeking someone to lead the small team at DPMC.

DPMC is the nerve center of government; Although the organization performs a number of tasks, its main function is to provide the Prime Minister and his cabinet with the highest quality advice. It is unusual for other ministers to have their own teams within DPMC.

* Government may remove promised roads as costs rise in $ 12 billion infrastructure package
* Grant Robertson new Deputy Prime Minister as Jacinda Ardern reshapes Cabinet for new government

The job posting says the “small team” will support Robertson to “ensure the implementation of key government priorities”, and to step in and “facilitate appropriate responses when implementation is threatened”.

Judith Collins said the need for unity shows the government is ignoring.


Judith Collins said the need for unity shows the government is ignoring.

It is understood that the Prime Minister asked Robertson to create the unit shortly after the election, when she appointed him Deputy Prime Minister.

National leader Judith Collins said the need for unity itself shows the government is not succeeding.

“It sounds like a vote of no confidence [Robertson’s] The ability of Cabinet colleagues to deliver which is no surprise after four years of non-delivery, ”Collins said.

“Add it to the list of things Grant Robertson is taking control of.”

Robertson and Ardern with cabinet.


Robertson and Ardern with cabinet.

Robertson is Ardern’s closest ally both in government and in the Labor Party at large. She appointed him chief electoral officer in the 2013 Labor leadership and ran as his deputy in the 2014 race.

The unit is somewhat inspired by the Prime Minister’s Delivery Unit established in the UK by Blair during his second term in government, to monitor progress on key UK Labor Party campaign priorities. Ardern herself worked in Blair’s Cabinet office.

DPMC consulted with Delivery Associates, established by the chief architect of Blair’s unit, Sir Michael Barber, on the creation of the New Zealand version.

Barber’s Delivery Associates aims to export Blair’s unit methodology across the world.

The firm promises on its website to use “livrology” to “help the government get things done.”

“We find that governments typically spend 90% of their efforts on policy and only 10% on implementation. We think we should reverse that emphasis. We help leaders implement and solve problems more effectively to achieve tangible results for the people they serve. “

The unit will be funded from the 2021 budget.

A request under the Official Information Act made by Thing The DPMC, which requested the official opinion on the implementation, was rejected as the matter was under review.

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