Source: Nelson Mandela Foundation More about the book: Nelson Mandela in his own words 27 January 2011 Nelson Mandela’s new book, Conversations with Myself, released in October 2010, has taken readers in France and Portugal by storm. By early December, the French edition, entitled Conversations Avec Moi-Meme, had been on the list of best-selling books in France for over five weeks, reaching number 15, and has been reprinted three times. The book was just as well received in Portugal, and had been on its best-seller list for over three weeks. The Portuguese book, entitled Arquivo Intimo, was launched in Lisbon, Portugal at an intimate affair at the South African Embassy, and presented by former Portuguese president Mario Soares. Proceedings were broadcast on Portuguese television. Conversations with Myself, which was released worldwide in 22 editions and 20 languages, takes the reader on an intimate journey through the life of Mr Mandela, from the time the politician in him was born, through the 27 years he spent in prison for the liberation of his country, to his inspiring role on the world stage. The book contains extracts from letters written in the darkest hours of his years in prison, as well as from an unfinished follow-up to his autobiography, Long Walk to Freedom. The unique archive of Mr Mandela’s thoughts was compiled by the Nelson Mandela Foundation.
Tips for Selling Smart Supply Chain Solutions Will Development Eventually Make Itself Obsolete? scott gerber How OKR’s Completely Transformed Our Culture Tags:#Contributed#Office#startup#Work Environment#yec Related Posts Guest author Scott Gerber is the founder of the Young Entrepreneur Council.Your startup’s office environment isn’t just the physical space you inhabit. Small, large or shared, it’s what you do within that space that can influence everything from overall employee happiness to daily output.We asked 11 successful founders, all members of YEC, what kind of workspace they prefer, and how that impacts the culture of the company they run. Their best answers are below.1. Space Is the Body Language of an OrganizationSpace is the body language of an organization. It not only reflects a company’s identity, but it also changes the way that your team works and influences the outside world’s perception of you and your brand. Location, design and selection should be carefully considered based on what you do, what growth phase you’re in, what image you are going for and what you can reasonably afford. A two-person hedge fund and a small app development startup don’t share the same space requirements. Likewise, big and small companies that do the exact same work also have different requirements for their workplaces.Christopher Kelly, Convene2. Comfort is KeyEven though we’re an organization that communicates mostly through our computers, we put a lot of emphasis on having a comfortable, bright working space for our team. Recently, we moved into a new, significantly larger office space with tons of natural light, and perhaps most critically, more alternative work spaces. These spaces, such as a bed-like couch in the back, or our living room area, provide our team with opportunities to change-up their environment. Also, the addition of new common spaces increases face-time our team has with each other, which is key given that we’re a company that mostly communicates online.Lauren Friese, TalentEgg3. Environment Is CriticalOne of my favorite startup quotes is actually an African proverb: “If you want to go fast, go alone. If you want to go far, go together.” To me, the most important aspect of the startup environment is the way it allows the team to interact. Regardless of how great your idea might be, the thing that is as important as the idea is the team you pick to execute it. You have to provide an environment that will allow for team members to optimally operate together. How will they interact? How will they bump into each other? How will they share ideas? Ask for feedback? The way your environment is set up can foster an incredible ecosystem for your team.Sarah Schupp, University Parent4. Space Affects MoraleI think every startup needs to go through phases of growth and a sense of achievement in order for people to truly appreciate the growth of the company. For example, our company was started at home and continued to be that way until we could justify the expense of getting an office. There were days I didn’t want to work from home and would work in a cafe or maybe a temp office. But I knew that once we had an office, it would let my employees know that our hard work made us able to afford this new environment.Derek Capo, Next Step China5. Startups That Work Together Succeed TogetherThe space you work in definitely matters. We are in AOL’s Fishbowl Labs in the DC area and work to ensure only top-notch startups make it into the space. We want to make sure that not only our culture is great, but also that we are surrounded by startups with great cultures. It makes a huge difference. We also try to hire locally; there’s a lot of value to having everyone in the same room. No matter how great remote working and collaboration technology becomes, it can’t beat those invaluable, impromptu hallway conversations that happen when everyone works in the same office. That said, expecting 100 percent of your staff to be in the same office is unrealistic. Ultimately, you need to find the best talent wherever it is, and some of our top engineers work remotely.Danny Boice, Speek6. Home Is Where the Heart IsIt definitely matters what kind of environment a startup runs in. I believe strongly in the concept of a corporate headquarters. It allows team members to come together under one roof and feel unified in the work that they’re doing. It fosters communication and a sense of family among the team members that simply can’t be replaced with any form of technology. Although we are flexible in our work hours, I want our team members to be with each other the majority of the work day. However, it is crucial to allow the flexibility of working remotely. With startups, employees are constantly traveling to promote the brand and are sometimes needed full time in certain regions that are key markets for the company and its clients.Ted Murphy, IZEA7. An Office Keeps You SaneI love working from home, and we have a lot of virtual team members who do just that, but I absolutely crave the social aspect and collaboration that comes with having an office. Whether it’s a co-working space or a group of people working together at a coffee shop, I think it’s particularly important to stay connected with other people early on in the startup process. You need the support of having people around to bounce ideas off of rather than holing up at home and creating in a vacuum.Allie Siarto, Loud Pixel.com8. Feeling Matters More Than StructureThe FEEL of the office is far more important than anything else. How do people feel? What is that feeling that’s in the air that you can’t necessarily describe, but everyone knows it exists? That is what start-ups need to focus on. Harnessing the right energy matters more than anything else. If you have the right energy, and people agree that it feels right and passion is floating in the air, then all you need to do is make sure people can focus and “crush it” and the rest will play out!Sean Kelly, HUMAN9. Startups Can Exist AnywhereThe beauty of a startup is that it can essentially run in any environment. The type of environment that it runs in does not matter as long as it fits the startup’s essential needs at that stage. In the infantile stage, it is great to run a startup out of a home or cafe because there is no overhead and the hours are flexible. Once the startup has a proof of concept and raises a small amount of funding, it might want to consider a flexible office space, such as an incubator or shared workspace like WeWork. It is a great way to portray a professional image without breaking the bank, which investors love to see. As the startup progresses and becomes more stable, it might want to progress to an environment where it can establish and promote its own company culture and build a home base.KevinTighe II, WeBRAND10. People Matter More than the LocationIt doesn’t matter if you have your own office, work from home or work in an incubator. The important thing is that you seek out people who challenge and inspire you and who you can learn from. Many years ago, I ran my company on nights and weekends while working at a venture capital and private equity fund. What I learned from seasoned entrepreneurs I met through my day job as a VC taught me valuable lessons that I apply each and every day to my own company. Seek out people who have been there before.Chuck Cohn, Varsity Tutors11. Freedom Is KeyIt depends on the culture you’re trying to create and the problem you’re trying to solve. Freedom is a priority of ours, and we structure our business around it. San Francisco and New York City are our two home bases, but we travel three to six months every year outside the country. Last year, we went to Buenos Aires and Berlin. This year, we’ve been to Thailand, Vietnam and Cambodia, and we’re currently back in Berlin. Our employees can work anywhere, as well, and we use cloud-based tools to keep our team working together, including team meetings on Google Hangout. We also believe in the value of personal relationships. When we’re in cities such as San Francisco and New York City, we spend a lot of time building relationships with partners and potential clients.Leah Neaderthal, Start Somewhere End-of-Life Software: Keep it, Update it, or Fi…
Sports Related Videospowered by AdSparcRead Next Jayson Castro, Troy Rosario come up big late as TNT topples San Miguel The Beermen were down 11 points, 100-89, in the final 4:06 with plenty of time for a comeback but what transpired until the final buzzer was a horror show that featured no offensive flow.San Miguel committed four turnovers while Jayson Castro scored on two absurd layups that gave the KaTropa a 104-89 lead with 1:31 remaining.“They stopped us and their shots just went in,” said Fajardo, who finished with 22 points and five rebounds. “We have to be better, we have to adjust and bounce back in our next game.”ADVERTISEMENT TNT soundly defeated the Beermen, 104-93, on Sunday at Smart Araneta Coliseum, and although a 2-2 slate is still a respectable record a franchise like San Miguel frowns upon that kind of mediocrity.“Who would be happy if we lose?” said five-time MVP June Mar Fajardo in Filipino. “Still, that’s part of our progress and it’s a challenge for us to overcome this one.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsFajardo then showed the wallpaper on his phone that read “hard times ahead.”Instead of joining NorthPort in the third spot in the standings, and getting a third straight win, the Beermen find themselves in a three-way tie with the KaTropa and Columbian in fourth place after a loss that could’ve been prevented. ‘We are too hospitable,’ says Sotto amid SEA Games woes MOST READ Grace Poe files bill to protect govt teachers from malicious accusations US judge bars Trump’s health insurance rule for immigrants Private companies step in to help SEA Games hosting Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—San Miguel’s prestige is taking major damage at the start of its most endearing conference, the PBA Philippine Cup.The Beermen own eight Philippine Cup titles, the most in league history, and are also seeking an unprecedented fifth straight crown, but their title defense is off to a rocky start as the mighty club split its first four games.ADVERTISEMENT View comments LATEST STORIES Oil plant explodes in Pampanga town Oil plant explodes in Pampanga town Lacson backs proposal to elect president and vice president in tandem PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. SEA Games hosting troubles anger Duterte
MANILA, Philippines—It would’ve been easy to rule out Far Eastern University inthe UAAP Season 81 women’s volleyball tournament after what transpired in 2018.ADVERTISEMENT What kept the team rising through the ranks were seniors Jerrili Malabanan, Heather Guino-o, and Kyle Negrito.Guino-o finished the elimination round as the seventh-best scorer with 179 points while Malabanan, the team’s captain, remained consistent throughout with a total of 119 points.Negrito orchestrated the team’s offense and was the fifth best setter with 4.7 excellent sets per frame.“I’ve already thanked my seniors since the beginning,” said Pascua. “They were already there to support me as early as the team building exercises and they wanted to achieve some unfinished business from a season ago and that was to win the championship.”“It’s just unfortunate that we couldn’t do it but of course I’m still proud of them for being the Ates of the team.”Sports Related Videospowered by AdSparcRead Next Bernadeth Pons, Season 80’s fourth-best scorer with a total of 215 points, left the Lady Tamaraws due to graduation while the team’s second-leading scorer Toni Rose Basas, who amassed 164 points, didn’t suit up due to injury.Those departures, however, did not stop FEU, last year’s silver medalist, from still being a serious title contender and getting back into the Final Four.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsREAD: Ateneo soars back to UAAP volleyball finals, stops FEU in its tracksEven the injury to rookie Lycha Ebon did not slow the Lady Tamaraws, who clinched fourth seed and set up a meet with Ateneo in the Final Four. Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue PBA D-League: Marinero keeps playoff bid alive, turns back Metropac-San Beda Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Panelo: Duterte ‘angry’ with SEA Games hosting hassles “I’m very proud of my players because they did well and it’s been a tough journey for us especially with what we’ve went through,” said FEU head coach George Pascua.“There were injuries, players who left, and yet they still fought to the best of their capabilities.”Against the no. 1 Lady Eagles who had a twice-to-beat edge, FEU showed the grit they’ve showcased all-season long, dragging the Final Four showdown to a Game 2.While Ateneo snuffed FEU’s hopes of returning to the title round with a 10-25, 25-23, 25-22, 12-25, 15-8 clincher, the Lady Tamaraws have already proved their worth.READ: Season on the line, FEU shows no quit vs favored Ateneo in Final 4ADVERTISEMENT SEA Games hosting troubles anger Duterte Cayetano: Senate, Drilon to be blamed for SEA Games mess Philippine Arena Interchange inaugurated Private companies step in to help SEA Games hosting Hontiveros presses for security audit of national power grid DA eyes importing ‘galunggong’ anew LATEST STORIES Don’t miss out on the latest news and information. MOST READ View comments
Ohio State sophomore Joey Bosa was a huge part of the Buckeyes’ national championship run this past year. He’s also one of the most popular players on the team – both in the locker room and with the fan base. The combination has apparently led to at least one Buckeyes supporter naming his new puppy after the defensive end.Kit Hartsfield, an Ohio State fan who actually played some ball at Austin Peay, tweeted out a photo of his incredibly cute new pet. He named him “Bosa”, and tweeted a photo at the player himself. Bosa retweeted the photo.Meet Bosa @jbbigbear pic.twitter.com/aDQSPQ0k3v— Kit Hartsfield (@khartsfield2) February 23, 2015This past June, we wrote an article about the baby name “Braxton” seeing a 300% increase from 2011 to 2013. Perhaps “Bosa” will the the equivalent when it comes to naming pets.
CALGARY — A world-renowned Alberta ski resort is appealing a $2.1-million-dollar fine it received for cutting down endangered trees five years ago.Lake Louise Ski Resort pleaded guilty last December to taking down a stand of trees, including 38 endangered whitebark pine, along a ski run in 2013.The fine, which was imposed last month for charges under the Species at Risk Act and Canada National Parks Act, amounts to roughly $55,000 per tree.“The sentence is grossly disproportional and demonstrably unfit given … the actual facts and background of the offence,” defence lawyer Alain Hepner wrote in the appeal notice filed Friday.The court will be asked to either stay the charges or reduce the penalty to $200,000.An agreed statement of facts said that in 2013 a trail crew, consisting of six employees including a supervisor, began cleaning up, doing fencework and trimming and removing some trees on Ptarmigan Ridge at the ski resort.The document said that in late September of that year, the workers cut down a number of trees, including endangered whitebark pine, without a permit.Judge Heather Lamoureux ruled Nov. 30 there was a “cumulative impact” on the whitebark pine with “potential risk of undermining the survival of the species in the decades to come.”She noted the trees were cut in a national park, the resort failed to ensure its employees knew the whitebark pine was endangered and the trees that were destroyed were all healthy.The five-needle whitebark pine provides food and habitat for animals, as well as helps stabilize steep subalpine slopes.The tree exists at high elevations in western North America at, or close to, the treeline. They have been growing on the continent for 100,000 years and can grow to be between 500 and 1,000 years old.But Hepner said the judge didn’t take into account remediation efforts the resort took after the trees were cut down or the “lack of impact of the loss of 38 whitebark pines to the population.”With 200 million whitebark pines in Canada, Hepner said the trial judge erred in finding the loss of 38 trees affected the species as a whole.A spokesman for the resort says steps have been taken to ensure no other whitebark pines are cut down. Staff are better educated and the 7,000 whitebark pines within the resort area are now marked, the resort said.— Follow @BillGraveland on TwitterBill Graveland, The Canadian Press
By Jorge BarreraAPTN National NewsOTTAWA–The Conservative government has axed a First Nations-led Crown corporation created to fill the statistical “gap” that exists when it comes to getting numbers from First Nations reserves and the urban Aboriginal population.The First Nations Statistical Institute (FNSI), which was created through legislation passed in 2005 during the Liberal government under Paul Martin, will see its $5 million budget cut in half this year and eliminated next year, according to the federal budget unveiled Thursday.Keith Conn, the FNSI’s chief operating officer, said the agency was in the midst of 25 projects across Canada working with First Nations communities and organizations.“Now we have to figure out what we can do for this year,” said Conn.Conn said he found out about the cut while sitting in the budget lock-up in Ottawa Thursday. The information was buried near the back of the budget document under a section outlining total cuts to the federal Aboriginal Affairs department.Aboriginal Affairs will see cuts of $26 million this fiscal year, $60 million the next and $165 million the year after for a total 2.7 per cent reduction of the $6.22 billion that was put on the table for review, according to the budget.“I saw something in the tea leaves,” said Conn. “I told my board of directors that I had an inclination. “I was connecting the dots on several activities and inactivities.”The institute currently has 23 people on staff, but they won’t all be laid off immediately, he said.“We will have to determine what some of those priorities are as an organization”, he said. “We have projects that we may want to wrap up.”The FNSI was created, through legislation along with three other Crown agencies: The First Nations Tax Commission, the First Nations Financial Management Board and the First Nations Finance Authority.Conn said the institute didn’t really get going until 2009 because it took the Conservative government two years to pick a board, which was created through cabinet orders in council.“Most Crown corporations have a pre-existing infrastructure, but this particular one was a new concept, so essentially it was created out of thin air,” he said.The institute was created to make up for the data gap that exists when it comes to getting a clear picture of the demographics on reserves and from the Aboriginal population in general.Many First Nations communities refuse to participate in the national census and Aboriginal people living in urban centres often slip through the data cracks because of their social conditions.“There are social and economic disparities that are widespread and so it was important to provide data to measure progress,” said Conn. “There are gaps in the urban populations for First Nations, Metis and Inuit people that are either missed or excluded from the survey processes.”The institute was also helping communities make sense of their administrative data to better plan for the education, housing and labour force needs, said Conn.It was also preparing economic data for a project in conjunction with the First Nations Financial Management Board that would see several communities create a borrowing pool for bond debentures to access long term debt financing to pay for infrastructure like roads and schools.“We were the first on the planet to deal with First Nations bond debentures,” he firstname.lastname@example.org
WASHINGTON – To hear Chrystia Freeland tell it, NAFTA and steel are like apples and oranges.Canada’s foreign minister is in Washington this week to avert an economic storm that could see Canada sideswiped by crippling U.S. tariffs on imports of steel and aluminum — if President Donald Trump follows through on his latest threat not to extend an exemption for Canada and Mexico which is due to expire Friday.That is on top of the around-the-clock effort by Canada, the United States and Mexico to get a deal on a renegotiated North American Free Trade Agreement — in time for the current iteration of the U.S. Congress, and ahead of what’s expected to be a turning-point election in Mexico on July 1.Freeland emerged Tuesday from a meeting with U.S. trade czar Robert Lighthizer with the threat of both problems still hovering in the oppressive Washington humidity.She insisted the steel issue remains separate from the renegotiation of NAFTA, a deal that Trump has repeatedly blasted and threatened to rip up.“Canada has said from the outset, this is in our view entirely separate from the NAFTA negotiation,” she said after her two-hour, face-to-face meeting inside the office of the U.S. Trade Representative, the site of intensive NAFTA talks over the last several weeks.American trade analysts say there’s an obvious connection, but Freeland may be downplaying it in an attempt to bargain effectively.“Everything in Trump world is linked, ultimately,” Eric Miller of the Rideau Potomac Strategy Group, said in an interview Tuesday.“In that context Minister Freeland is making a big push for aluminum and steel exemptions,” he added.“The Trump administration could well say we feel we have made enough progress on NAFTA in order to give an exemption to Canada and Mexico.”If Trump follows through with the tariff threat, then it will have been in Freeland’s interest to separate steel from NAFTA to increase the ability to move forward with an agreement on the continental pact later, said Miller.Freeland and Lighthizer continued their discussion later in the day by telephone, and she planned to return to Ottawa on Wednesday morning.Dan Ujczo, an American trade lawyer with Dickinson Wright PLLC, said the main focus on Freeland’s trip has to be securing the steel and aluminum exemption by Friday because NAFTA’s not getting through Congress this year anyway.Many people inside the Washington beltway are betting on Trump offering up a 30-day extension to the exemption, following a past pattern of threats and then, extension. But Ujczo said betting on that this time would be folly.He said Trump has to follow through, otherwise his broader trade agenda with China might suffer.“That leverage from the tariffs only works if you actually demonstrate a willingness to pull the trigger,” he said Tuesday.“The president is deploying that strategy with China. I believe that he may do the same with North America and Europe unless they come to the table with an offer.”In the past, Freeland has said Canada wouldn’t take NAFTA’s demise lightly, and she warned Tuesday that there will be consequences as well if Canada loses its steel and aluminum exemption.“Our government always is very ready and very prepared to respond appropriately to every action. We are always prepared and ready to defend our workers and our industry,” she said.“Canadian steel workers should absolutely know that the government of Canada has their back … We are very clear in making the point, which I think frankly is common sense, that in no way could Canadian steel and aluminum pose a national security threat to the United States.”Mexico was not at Tuesday’s meeting.Prime Minister Justin Trudeau has been talking by phone with Trump and Mexican President Enrique Pena Nieto in recent days, despite dwindling hope of reaching a deal on updating NAFTA.Trudeau telephoned U.S. Vice-President Mike Pence on Tuesday to discuss the continental trade agreement and the potential steel and aluminum tariffs, but the Prime Minister’s Office offered no additional details of the call.The rules surrounding autos remain a major NAFTA sticking point, which has left stakeholders and observers alike skeptical that Freeland will be able to accomplish anything substantial during her visit.Freeland said that was a major topic of the conversation with Lighthizer, and remains key to cracking a complex negotiation.“There is definitely a path forward and we are making progress,” Freeland said.“The intense engagements we had both at the ministerial and official level for the past several weeks is evidence of how hard everyone is working on this.”
OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year.The central bank held steady its target for the overnight rate — a key financial benchmark that influences the prime lending rates at the country’s big banks — at 1.25 per cent.However, economists said the Bank of Canada’s decision to drop a reference to remaining “cautious” signalled a more hawkish tone and suggested that the next rate increase would be soon.“All told, the positives seem to outweigh the negatives,” TD Bank senior economist Brian DePratto wrote in a note to clients.“Gone was the reference to ‘caution’ that typified the last few statements. Today’s statement instead chose the term ‘gradual’ to describe the approach to policy adjustments.”The loonie was up 0.74 of a US cent to average 77.54 cents US, thanks largely to the change in the bank’s tone, said Allan Small, a senior investment adviser at HollisWealth.“They did not raise rates this go round, but they basically gave an indication or at least a hint that they still believe that they need to raise interest rates in the future to combat an economy that’s heating up, to combat the fear of inflation.”The Bank of Canada’s next scheduled interest rate decision is set for July 11 when it will also update its outlook for the economy and inflation in its monetary policy report.In announcing its decision Wednesday, the central bank said exports were more robust than forecast as data on imports of machinery and equipment suggest continued recovery in investment, but also pointed to softer real estate activity into the second quarter as the market “continues to adjust to new mortgage guidelines and higher borrowing rates.”“Going forward, solid labour income growth supports the expectation that housing activity will pick up and consumption will continue to contribute importantly to growth in 2018,” it said.The Bank of Canada also said global economic activity remains broadly on track, but added that ongoing uncertainty about trade policies is dampening global business investment and stresses are developing in some emerging market economies.It noted that recent developments have reinforced its view that higher rates will be warranted to keep inflation near its target, but added that it will take a gradual approach and be guided by the economic data.“In particular, the bank will continue to assess the economy’s sensitivity to interest rate movements and the evolution of economic capacity,” it said.Alicia Macdonald, principal economist at the Conference Board of Canada, has been expecting since January that the Bank of Canada will raise its key interest rate in July.She said Wednesday that there’s now a possibility the central bank may also increase the rate in September or October, but that will depend on what happens with the trade talks with the United States and Mexico.“We think there’s reason to still think they might be cautious as they wait for these events to unfold,” she said.Macdonald also said she’ll be watching what happens with the housing market, which she said the Bank of Canada expects to rebound over the rest of this year.“We think that, yes, it won’t be as bad going forward, but we do see the possibility for some continued softness in housing market activity over the next few months and that could weigh on future rate increases,” she said.However, David Watt, HSBC’s chief economist for Canada, said he expects the Bank of Canada to keep its key interest rate on hold for the rest of the year.“In our view, the Bank of Canada’s hawkishness is premature,” he wrote in a report.Watt cited moderate job growth, lacklustre non-energy export growth, ongoing trade policy uncertainty, subdued capital expenditures and signs households are being squeezed by past rate increases and high gasoline prices as reasons the central bank would keep its rate unchanged.The central bank’s decision to keep its trend-setting rate on hold came as inflation sits above the two per cent midpoint of its target range of one to three per cent and core inflation has crept past the two per cent mark for the first time since 2012.It noted that inflation will likely be a bit higher in the near term than was forecast in its April monetary policy report due to recent increases in gasoline prices, but that it will look through the transitory impact of the fluctuations at the pump.The central bank has raised its key rate three times since last summer, increases that have prompted the big Canadian banks to raise their prime rates which are used to set the rates charged for variable-rate mortgages and other variable-rate loans.
San Francisco: Apple has announced a new initiative in support of non-profit organisations in the US and Europe that offer un-biased, independent media literacy programmes. To advance their efforts in empowering young minds, Apple will support the US-based News Literacy Project (NLP) and Common Sense organisations, along with the Italy-based Osservatorio Permanente Giovani-Editori, the company said in a blog-post on Wednesday. “News literacy is vital to sustaining a free press and thriving democracy, and we are proud to be collaborating with organisations on the front lines of this effort,” said Apple CEO Tim Cook. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year Cook acknowledged the work being done by these organisations in empowering young people to be active and engaged citizens. “Apple News is committed to presenting quality journalism from trusted sources,” said Lauren Kern, Editor-In-Chief of Apple News. “We’re thrilled that Apple is supporting these important organizations to train the next generation on how to seek out accurate and reliable information amid an increasingly complicated news landscape.”