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Expert Calls for Convergence in Jamaica’s Merger Review Laws

first_imgRelatedExpert Calls for Convergence in Jamaica’s Merger Review Laws RelatedExpert Calls for Convergence in Jamaica’s Merger Review Laws Expert Calls for Convergence in Jamaica’s Merger Review Laws UncategorizedSeptember 18, 2008 RelatedExpert Calls for Convergence in Jamaica’s Merger Review Lawscenter_img FacebookTwitterWhatsAppEmail United States Anti-Trust expert and Corporate Attorney, Joseph Krauss, has called on Jamaica to be a leader in working towards regional and global convergence, as the country considers adopting merger review laws.The call came as he delivered the 9th Annual Shirley Playfair Lecture on Wednesday (September 10), at the Knutsford Court Hotel in Kingston.“Countries standing on the cusp of adopting regulatory schemes can be leaders in this convergence effort [and] would benefit from giving serious consideration to adopting any or all of the recommended best practices,” said Mr. Krauss. This he said, includes coordination and information-sharing among various jurisdictions, respect for national sovereignty, transparency, fairness, and an efficient and timely review process.Convergence is defined by the International Competition Network (ICN), a membership body devoted to enforcing competition laws, as “achieving consistency in antitrust law, policy, processes, and economic theory across jurisdictional lines.” It reduces the burden of merger review laws on the business community, as well as limits costs to regulators.According to Mr. Krauss, the best way to do so is to “model notification requirements, review procedures and substantive law after more established merger review regimes,” pointing out that “even the United States, the European Union, and other countries with mature anti-trust regimes have committed to the convergence of global competition policies and laws, working through the forum of the ICN.Turning to the benefits of convergence, Mr. Krauss cited the ICN’s view that “global firms spend less time and money on compliance and can devote more of those resources to the business of competition and innovation.”“Conforming to merger reporting procedures”, he added, “we’ll give the business community confidence that the proposed procedures will operate efficiently to internationally recognised standards,” and that it will “avoid the political conflict that can occur between countries, when their merger regulators reach conflicting decisions on the same merger.”There are many possible areas of convergence he stated, including notification thresholds, pre-merger notification forms, initial information requirements, review periods, remedies, transparency, confidentiality, and substantive law, which may include the use of market shares, thresholds, presumptions, safe harbours, entry and expansion.“While convergence makes it easier for companies to assess the regulatory hurdles and costs of a merger, it is not a guarantee that every national regulatory authority will act as expected,” Mr. Krauss noted, adding that “even mature anti-trust regimes with well-established guidelines to govern their merger review process, sometimes engage in analyses and reach decisions that confound observers.”Mr. Krauss pointed out that companies will always face the risk that any jurisdiction could thwart their proposed transaction and inhibit their merger plans, and that this risk increases, as companies are required to engage in multiple filings for global mergers.However, he said that this should not stop the move towards regional and global convergence, as this in itself would deter countries from undertaking anti-competition activities. Advertisementslast_img read more

Sticking up for red tape

first_imgClichés are nearly always based on a kernel of truth within – that is how they have become clichéd. It is this truth that makes their constant repetition eventually hackneyed. The idea of “red tape” is one such concept that evades scrutiny precisely because it is so commonplace. No one is fighting the corner for red tape. “Stand up for red tape!” is not a refrain you will hear down the Dog and Duck.So if we are all agreed that red tape is bad, should we not welcome any moves by the government to slay more of it? Especially, one might add, in the midst of a housing crisis stultifying the economy and pushing living costs ever higher for those not already on board the house-price gravy train. This is the narrative underpinning the latest initiative – a red tape review – launched by the Department for Business, Innovation & Skills at the back end of 2015.It depends, of course, how we define red tape.And herein lies the danger: nudging the dial away from valueless obstacles to building homes and towards anything that interested parties – housebuilders – identify as a cost. The last red tape challenge resulted in the housing standards review. Some of it was undoubtedly welcome: the Code for Sustainable Homes was far from perfect and needed reform. But does that mean that any higher standards for new homes are bad?Prospective owners of one of George Osborne’s starter homes may be surprised to learn what has fallen away in the last 12 months: higher energy efficiency, minimum levels of daylight, cycle storage, space standards (aside from a few rare cases), internal recycling bins. And enhanced flood protection.How are we following up to check that the extra numbers are delivered in return for this lower quality of life that smaller, less well-lit homes will provide?Meeting these undoubtedly meant extra costs for housebuilders – though some are trivial (one of the complaints, for example, was that builders were required to make provision for clothes to dry. Red tape? Tell that to anyone who has lived in a tiny new-build flat without a bath to hang clothes above). But not all costs are undesirable.It should be axiomatic that uncertainty is the real villain of the piece when it comes to building homes. Lots of builders built high code-level homes as a matter of course – especially smaller outfits, now in favour and tending to compete more on quality. Indeed, the now-ditched zero carbon homes policy achieved that rare thing: broad consensus. Despite its stretching ambition, builders were able to plan ahead, with eight years’ lead time, and everyone played the development game on a level pitch.This matters. Taking the wrecking ball to standards for homes in 2016 will achieve short-term cost savings for the volume developers hell-bent on building to the minimum. But uncertainty has costs (never of the desirable kind), and each time standards are dropped, the centre of gravity moves further south. The result is a standard of new homes dictated by the lowest common denominator, and driven by an unremitting pressure to push up the share price over a horizon no longer than a year. Worse, it penalises those who have anticipated 2016 with higher aspirations and commensurate investment. Next time – why bother? If you’re playing a zero-sum game there is only one team it makes sense to be on.All this is especially galling because cutting red tape will have barely anywhere near the effect intended. Where is the evidence that as a result of these lower standards 30,000, or 20,000 or 10,000 more homes will be built? How are we following up to check that the extra numbers are delivered in return for this lower quality of life that smaller, less well-lit homes will provide?Hacking at regulations will reduce costs and increase profits for some housebuilders but will not fix an imperfect market that gifts those in a position to restrain the supply of homes the highest margins.Process and outcomes are two distinct entities. We should cheer any streamlining that aids the process of building many more sustainable homes, more quickly. Outcomes, however, should be all that we concern ourselves with. If the desired outcome from this latest red tape challenge is to maximise returns for the biggest housebuilders, it has a good chance of being achieved. But if it is getting sustainable homes built more quickly – and more affordably – it will be found wanting.John Stapleton is head of external affairs at Sustainable Homeslast_img read more

GALLERY: Pacquiao vs Vargas Grand Welcome

first_imgWe are young FEATURED STORIESSPORTSGinebra teammates show love for SlaughterSPORTSWe are youngSPORTSCone plans to speak with Slaughter, agent Taiwan minister boards cruise ship turned away by Japan PLAY LIST 01:31Taiwan minister boards cruise ship turned away by Japan01:33WHO: ‘Global stocks of masks and respirators are now insufficient’01:01WHO: now 31,211 virus cases in China 102:02Vitamin C prevents but doesn’t cure diseases like coronavirus—medic03:07’HINDI PANG-SPORTS LANG!’03:03SILIP SA INTEL FUND PH among economies most vulnerable to virus 30 Filipinos from Wuhan quarantined in Capas MOST READ Smart hosts first 5G-powered esports exhibition match in PH Chinese-manned vessel unsettles Bohol town Sports Related Videospowered by AdSparcRead Next Rousey says end is near ahead of comeback Don’t miss out on the latest news and information. Both Manny Pacquiao and Jessie Vargas were given a grand welcome at the Wynn Hotel-Casino in Las Vegas, Nevada ahead of their Sunday (Manila Time) fight at Thomas & Mack Center.Boxer Jessie Vargas makes his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Vargas is scheduled to fight Manny Pacquiao on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via AP)Boxer Jessie Vargas signs an autograph as he makes his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Vargas is scheduled to fight Manny Pacquiao on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via AP)Boxer Jessie Vargas makes his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Vargas is scheduled to fight Manny Pacquiao on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via AP)Boxer Manny Pacquiao is interviewed during his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Pacquiao is scheduled to fight Jessie Vargas on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via APBoxer Jessie Vargas makes his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Vargas is scheduled to fight Manny Pacquiao on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via AP)Boxer Manny Pacquiao makes his “Grand Arrival” to the Wynn hotel-casino on Tuesday, Nov. 1, 2016, in Las Vegas. Pacquiao is scheduled to fight Jessie Vargas on Saturday night at the Thomas & Mack Center. (Erik Verduzco/Las Vegas Review-Journal via AP)Top Rank knockout girls before Tuesday’s Grand Arrival. Photo by Roy Luarca/INQUIRERADVERTISEMENT BREAKING: Solicitor General asks SC to forfeit ABS CBN’s franchise Where did they go? Millions left Wuhan before quarantine View comments Mainland China virus cases exceed 40,000; deaths rise to 908 EDITORS’ PICK Brad Pitt wins his first acting Oscar as awards get underway Smart’s Siklab Saya: A multi-city approach to esportslast_img read more

Calculate Your “Digital Footprint” with New Tool from EMC

first_imgEarlier this month, EMC released their findings regarding the digital universe in a publication entitled “The Diverse and Exploding Digital Universe.” Some of the research focused on mind-blowing figures – like the 281 billion GB size of the digital universe or the predicted size of the digital universe by 2011, nearly 1.8 zettabytes (1,800 exabytes). However, what really peaked our interest was information provided on your “Digital Shadow,” that is, all the digital information generated about an average person on a daily basis.You may already be familiar with the term “digital footprint,” which you probably take to mean your online data trail. If asked to describe what would comprise this “footprint,” likely responses would include things like your social network profiles, your web site or blog, your photos shared on an online service, videos you uploaded to YouTube, perhaps even mentions of you in the local paper or your school’s web site. You may even go so far as to include information about you or your businesses that are public record. Certainly those things are contributing factors to your digitally encoded self, however, this recent EMC-sponsored study discovered that your digital footprint includes far more than just the data related to individual actions.Out of the 281,000,000,000 GB digital universe, each person’s contribution is about 45 GB, and out of that 45 GB, only about half of the digital footprint would be related to these “active” individual actions – taking pictures, making VoIP calls, uploading videos, downloading content, etc. Awareness of those sorts of self-created data trails has been steadily increasing according to a recent PEW Internet report (Dec. 2007), with nearly half of all internet users (47%) having searched for information about themselves, up 22% from 2002. But this new research shows that we need to be aware of much more than just online mentions. What we need to concern ourselves with now, is the other half of our digital footprint. This “ambient content,” the research team concluded, comprises of passive contributions, something termed as your “digital shadow.”Your shadow includes things like images of you on a surveillance camera, your bank records, your retail and airline purchase records, your telephone records, your medical database entries, copies of hospital scans, information about your web searches, general backup data, information about credit card purchases, etc.John Gantz, Chief Research Officer and Senior Vice President of IDC explains the digital shadow as simply “information about you,” but what’s surprising about this shadow, he explains, is that “for the first time your digital shadow is larger than the digital information you actively create about yourself.” While for you this means being aware of the numerous places your information is stored to protect yourself from identity theft, for businesses, especially enterprise IT organizations that gather this information, it means a tremendous responsibility for the security, privacy protection, reliability and legal compliance of this information. “Society is already feeling the early effects of the world’s digital information explosion. Organizations need to plan for the limitless opportunities to use information in new ways and for the challenges of information governance,” said Joe Tucci, EMC Chairman, President and CEO. “As people’s digital footprints continue growing, so too will the responsibility of organizations for the privacy, protection, availability and reliability of that information. The burden is on IT departments within organizations to address the risks and compliance rules around information misuse, data leakage and safeguarding against security breaches.”If you’re interested in the current size of your own digital footprint, you can download a copy of the Personal Digital Footprint Calculator. This tool walks you through a questionnaire that calculates your impact based on the responses to questions about your computer usage, email usage, digital camera/camcorder usage, web downloading habits, potential surveillance areas, and geographical information, among other things. The questions do make you think about your online activities, but they may be hard to answer if you’re not really aware of your online activities or good at coming up with averages for things like “number of emails sent per week,” for example. Digital Footprint CalculatorHowever, if you take the time to fill out the Digital Footprint Calculator correctly, you’ll be presented with your current “daily digital footprint,” in megabytes. You can then click “Start Ticker” to launch your own personal ticker that increments over time according to your digital information creation. You can even upload this, along with the .swf file, to your own web site and share your results with others.Example Ticker (taking wizard defaults)Having a digital shadow is not necessarily a bad thing, the study points out, as it’s what allows Amazon to make recommendations for you or display your “trustworthiness” as a seller on eBay, the downside is that, in many cases, erasing that shadow is still difficult or impossible: think about the Facebook user rebellion that took place when it was discovered how difficult/impossible it was to remove your profile from the service. But there are other examples of where people have even less choice in the matter, like government-mandated traffic light cameras or citywide surveillance. And of course, your safety is at the mercy of credit card companies and the like – if they aren’t taking security seriously, your digital shadow can be snatched away from you while an identity thief goes on a a rampage with your good name.In the long run, it will be up to businesses to adapt to these changes and protect their customer’s data. Those that don’t will pay as their clients take their business to safer, more protective businesses elsewhere. And for us, just being aware of our impact on the digital universe is a good place to start. A Web Developer’s New Best Friend is the AI Wai… Related Posts Tags:#Features#Trends#web sarah perezcenter_img Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Marketlast_img read more

a month agoArsenal keeper Leno: We must continue to take risks

first_imgArsenal keeper Leno: We must continue to take risksby Freddie Taylora month agoSend to a friendShare the loveArsenal goalkeeper Bernd Leno says the club will continue to take risks playing out from the back.Sokratis’ poor pass deep in defence allowed Tom Cleverley to make it 2-1 in Sunday’s draw with Watford, who eventually scored again to steal a point.But Leno says it is vital for his team to take risks in order to beat the opposition press.”It is still a process we have to work on,” said Leno. “We try to take the risk because if we beat the press of Watford, then there is a lot of space for our strikers.”In the first half, we did it very well but in the second we didn’t create too many chances from playing out from the back.” About the authorFreddie TaylorShare the loveHave your saylast_img read more

Five-Star Cornerback Iman Marshall Dons Charles Woodson’s No.2 While On Visit To Michigan Monday

first_imgThe Michigan Wolverines Cheerleaders support their team against the Brigham Young Cougars at Michigan Stadium.ANN ARBOR, MI – SEPTEMBER 26: The Michigan Wolverines Cheerleaders support their team against the Brigham Young Cougars at Michigan Stadium on September 26, 2015 in Ann Arbor, Michigan. The Wolverines defeated the Cougars 31-0. (Photo by Doug Pensinger/Getty Images)Consensus five-star cornerback recruit Iman Marshall of Long Beach (Calif.) Poly made a visit to Michigan on Monday, and while on campus, he got to don a no. 2 Wolverine jersey. Prospects wearing jerseys with their numbers on them is standard recruiting visit procedure, but no. 2 also happens to be the number of former Michigan star cornerback and 1997 Heisman Trophy winner, Charles Woodson.Marshall celebrated the honor by taking time to pose with a mural of Woodson celebrating the Wolverines’ 1997 Rose Bowl win over Washington State. ichigan pic.twitter.com/wXlwejyW6b— Biggie (@iman_marshall8) January 19, 2015New Wolverines head coach Jim Harbaugh and his staff have already made some noise on the recruiting trail since taking over in Ann Arbor this month, but landing a player of Marshall’s caliber would be a home-run coup. The no. 3 overall player in the country according to Rivals, Marshall has offers from essentially every major program. He already made an official visit to Florida State, and has trips to LSU and Oregon scheduled before signing day.last_img read more

Football Former Ohio State quarterback JT Barrett signs with Indianapolis Colts as

Ohio State redshirt senior quarterback J.T. Barrett (16) calls a play in the first quarter of the 2017 Cotton Bowl against University of Southern California on Dec. 29 in AT&T Stadium in Arlington, TX. Ohio State won 24-7. Credit: Jack Westerheide | Photo EditorOne of Ohio State’s most decorated players found his way onto an NFL team.The Indianapolis Colts have signed former Ohio State quarterback J.T. Barrett as an undrafted free agent Saturday, according to a tweet from Ohio State. Free Agent Alert: @JT_theQB4th @Colts #GoBucks #DevelopedHere #ColtsForged pic.twitter.com/t39FoIQyZa— Ohio State Football (@OhioStateFB) April 29, 2018Barrett led the Buckeyes to two Big Ten championships during his four years, including a 2014 National Championship that Barrett watched from the sidelines after breaking his ankle against Michigan.Barrett got his first start in an Ohio State uniform following Braxton Miller’s season-ending shoulder injury in 2014. The then-redshirt freshman amassed 45 touchdowns and 3,772 total yards and finishing fifth in the Heisman voting.After 50 starts across four years, Barrett finished his Ohio State career with more offensive yards (12,697), passing touchdowns (104) and total touchdowns (147) than any other player in Big Ten history.Along with the numerous records accomplished while at Ohio State, Barrett went 38-6 as a starter while completing over 60 percent of his passes in each of his four seasons.The three-time captain led the Buckeyes to a 24-7 Cotton Bowl victory over USC and this year’s No. 3 pick Sam Darnold in the last game of his OSU career.In his sophomore season, Barrett threw for 211 yards and ran for 96 in a 44-28 Fiesta Bowl win over Notre Dame. A year later, again in the Fiesta Bowl, Barrett threw for 127 yards and two interceptions in a 31-0 defeat to Clemson in the College Football Playoff.At the NFL combine, Barrett was the second fastest quarterback in the 40-yard dash at 4.70 seconds. On the other end, Barrett finished with the third slowest three cone drill times of all quarterbacks (7.38 seconds). read more

Football Urban Meyer gives update on Bosa injury previews Purdue in weekly

After leaving Ohio State’s win over TCU on Sept. 15, junior defensive end Nick Bosa has been sidelined with a core muscle injury with no timetable for return. In Monday’s press conference, Ohio State head coach Urban Meyer said Bosa will be getting reevaluated this week in Philadelphia, but could not really say whether or not the defensive end would return to the field this season. “I am hoping,” Meyer said. Bosa has been seen at Ohio State practices and on the sideline during games, but only in street clothes.Meyer also said junior linebacker Malik Harrison and junior defensive end Jonathon Cooper are back with the team this week after being sidelined for the Minnesota game after being placed in concussion protocol. Redshirt junior defensive lineman Robert Landers was deemed probable while Meyer called redshirt junior cornerback Damon Arnette questionable for Saturday’s game against Purdue. In special teams, Meyer said redshirt senior kicker Sean Nuernberger suffered a strained groin prior to the start of the game against Minnesota. Sophomore kicker Blake Haubeil started in Nuernberger’s place and hit three field goals, being named by the coaching staff as the special teams player of the week. Meyer also said sophomore left tackle Thayer Munford is “sore,” but probable heading into Saturday. Meyer praises Justin Hilliard With the injury to Harrison, redshirt junior linebacker Justin Hilliard had the opportunity to play significantly more on defense than he usually does. Meyer said he was happy to see a player like Hilliard get the opportunity to play. “He’s one of my favorite players, favorite families,” Meyer said. “He’s a guy that means so much to us on the kicking game. He played pretty good. Not great, but pretty good.”Hilliard recorded five tackles, including two solo tackles, against Minnesota on Saturday, with two broken up passes in the middle. With the biceps injuries Hilliard faced, Meyer compared his journey to former Ohio State cornerback Marshon Lattimore, who started his collegiate career sidelined due to injury. Meyer said the redshirt junior linebacker still has a ways to go, but has shown growth. “You never give up on a player,” Meyer said. “Keep working with him.” Meyer prepares to defend Rondale MooreOver the first six games of the season, Purdue has put together one of the more dynamic offenses in the Big Ten, recording the No. 4 scoring offense in the conference, averaging 33.5 points per game and beng one of two offenses in the Big Ten to average over 500 yards per game, the other being Ohio State.Much of that success has been helped by the emergence of Purdue freshman wide receiver Rondale Moore. In six games, Moore has become on of the core dynamic playmakers in the conference, recording 100-yard performances and a touchdown in four of the six games. Even though Meyer has not studied Purdue at length yet, he said Moore does bring something to the table. “Just explosive player,” Meyer said. “I studied him in the return game. And he’s a guy you have to be careful with in the return game. He’s a dynamic player.” read more

Womens Soccer Ohio State heads to Wake Forest for first round of

Ohio State senior midfielder Sarah Roberts (10) heads the ball upfield against the Wisconsin Badgers on Oct. 21st. Ohio State won 2-1. Credit: Cori Wade | For The LanternAfter awaiting a decision from the NCAA selection show, the Ohio State women’s soccer team (9-5-4, 6-2-3 Big Ten) will now compete in the first round of the NCAA tournament against Wake Forest at 7 p.m. on Friday at Spry Stadium.Senior midfielder Bayley Feist and sophomore forward Estelle Laurier have driven Wake Forest’s potent offense this season. Feist is up to six goals and Laurier has four so far this season. The team’s offense also had a season-high six points against Longwood. “I think we have a good chance to come into Wake Forest and give them a good game,” Ohio State freshman forward Kayla Fischer said.On Monday, the Buckeyes were granted an at-large bid to the NCAA tournament, marking its 13th appearance in the tournament. Like Ohio State, the road for Wake Forest (8-8-1, 4-6-0 Big Ten) has remained relatively unsteady throughout the season. While Wake Forest has had no problem scoring goals, it has encountered difficulties preventing other teams from doing the same. Virginia scored five against the Demon Deacons in a loss on Sept. 30 and Duke scored three against them the following game in a loss on Oct. 4, starting a four-game losing streak. The last time both teams met was in the 2014 season opener, where the Buckeyes came away with the 1-0 victory in Winston-Salem, North Carolina. This time, the stakes are even higher. After starting off the regular season with two losses, dealing with multiple injuries and falling just short of the Big Ten semifinals to Nebraska, the Buckeyes have not had an easy road to the NCAA tournament. “We’ve faced a lot of adversity this year,” Ohio State senior midfielder Sarah Roberts said. “At this point, anything that gets thrown against us we look at it more as an opportunity, an opportunity to get better, an opportunity to show the rest of the country what the Buckeyes are made of.”For the Demon Deacons, this rematch presents an opportunity for the team to put its best foot forward and gain a win in front of the home crowd.  This matchup for the Buckeyes will be the most important road test it has faced thus far. For some of the players on the team, this will be their first experience playing soccer in an NCAA tournament, including Fischer, who said the team is excited for the upcoming matchup.“Never being in a tournament before,” Fischer said, “I’m definitely excited to see what it’s going to bring. I’m expecting that our team can compete and keep going in the tournament. I know throughout the season we’ve been getting better and better. I think as long as we continue that, we have a good shot.”One key element that remains a strength for the Buckeyes is its  performance on defense. Ohio State has allowed 14 goals in 18 games this season.. “From a senior perspective,” Roberts said, “I think we’re excited that we get one more chance and one more game to kind of make our mark on the program.” read more