PERRYMAN: The U.S. economy performs well without tariffs

first_img Twitter PERRYMAN: The U.S. economy performs well without tariffs Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. International trade is good for the economy, and barriers to trade are bad for the economy. It’s that simple. The recent decision to levy a sizable tariff on solar panels and certain washing machines is likely to cost more U.S. jobs than it creates, and it is neither needed nor desirable.The benefits of free trade go back to basic economic concepts such as comparative advantage, which is the idea that production should flow to the regions with advantages relative to other areas such as lower costs or proximity to needed input materials. This principle was first articulated by two prominent members of Parliament and early economists more than two centuries ago, Robert Torrens in 1815 and, more famously, David Ricardo in 1817. It is one of the truly great discoveries in intellectual history and its basic mathematics is incontrovertible. Any artificial constraints on global trade will cause resources to be used with less than optimal efficiency, decreasing overall wellbeing.There are certainly times when intervention is needed, usually because unfair governmental subsidies or similar practices distort the market and result in imbalances that should be addressed. It is important that the playing field be kept level, and restrictions on practices such as dumping (selling products in other countries below marginal cost and for less than they are sold in the country of origin) or improper subsidies are appropriate. There are mechanisms to handle such cases, however, I can assure you that the economics of tit for tat is not the appropriate approach.In this instance, U.S. washing manufacturer Whirlpool filed a petition with the U.S. Department of Commerce in 2011, contending that washer imports from Korea and Mexico were dumped and subsidized as part of an aggressive downward pricing strategy by the large Korean firms LG and Samsung. Since that time, there have been other complaints and issues culminating in the recent decision to impose a tariff.According to the documentation related to the solar panel decision, in 2011, Commerce found that China had subsidized its producers, and that those producers were selling their goods in the United States for less than their fair market value, all to the detriment of U.S. manufacturers. The United States imposed antidumping and countervailing duties in 2012, but Chinese producers evaded the duties through loopholes and relocating production. Now, there is a tariff.The tariff will tend to increase consumer prices for the affected products. In addition, there are industries that will be negatively impacted by the decision. For example, the segment of the solar power industry that involves panel installation is expected to face falling demand and job losses. The president of the Solar Energy Industries Association is predicting that the tariffs will “lead to the loss of roughly 23,000 American jobs this year.”Ironically, the U.S. solar panel manufacturers filing the complaints are owned by Chinese and German parent companies. The tariffs may not be enough to lead to further investment in the United States, installer jobs will likely be lost and progress in renewable energy may slow.Reaction to the tariffs on the part of other nations remains to be seen. If they levy tariffs on U.S. goods in response, other U.S. export-oriented businesses could be affected. Such retaliation is almost inevitable and trade wars are universally detrimental. On the bright side, many market watchers had feared even higher tariffs would be instated. The 30 percent solar panel rate was lower than the 35 percent that had been considered.It is to be hoped that negotiations will take place between the United States and China (as well as other nations) to work out the underlying problems. Solar panels have long been the object of disputes, and a productive resolution of the situation could generate significant benefits.The bottom line is that tariffs impede growth. Period. There are clearly cases of abuse out there, but we have mechanisms to deal with that. The Office of the U.S. Trade Representative, the Department of Commerce and the International Trade Commission are some of the federal agencies that deal with trade issues. There are also international entities such as the World Trade Organization, of which all of the relevant countries are members, to resolve such disputes. These entities can work to solve problems with the smallest possible dislocation. Tariffs, on the other hand, can cause layers of unintended negative consequences.The most compelling argument against these tariffs may well be that the U.S. economy is doing very well, competing based on innovation and technology. Despite all of the populist rhetoric about America somehow needing to become “great again,” the United States is basically at full employment, has the most job openings and employment opportunities in history and manufacturing is coming off a very good year. It is already performing quite well, and it definitely doesn’t need artificial protection. By admin – January 28, 2018 Previous articleA SHARP LIFE: Lego hits 60, still pain in the footNext articleTopping Out ceremony admin WhatsApp Pinterest WhatsApp Twitter Pinterest Local NewsBusiness Facebook Facebooklast_img read more

HR dissatisfied with lack of leadership talent

first_imgHR dissatisfied with lack of leadership talentOn 24 Oct 2000 in Personnel Today The English football team is not the only organisation suffering from lack of leadership talent – HR chiefs are not happy with the leadership potential within their companies either, according to a survey. The survey of 500 HR directors, by Personnel Today and Impact Training and Development, found that 86 per cent of respondents felt their organisations could do more to encourage leadership. When asked what the country could do to improve the standard of leadership 29 per cent referred to education at secondary level. One in five said that training and development would help and 13 per cent cited a change in culture and attitude.Leadership development expert John Adair said lack of investment in leadership development and outdated approaches in business schools and organisations such as the CIPD were to blame. “Our professional institutions and business schools have been remarkably slow to change, clinging desperately on to yesterday’s model of management,” said Adair. “Our greatest failure in this field has been lack of strategic thinking. Like footballers, our leaders increasingly have to be recruited from abroad.”However, seven in 10 of those surveyed believed that British leaders were equal to their international counterparts.Richard Branson emerged as the most admired leader among women and Winston Churchill among men. Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

South African film lauded at Canadian Oscars

first_imgRay Maota The cast of The Bang Bang Club: fromright to left, Ryan Philippe, playing GregMarinovich; Taylor Kitsch, playingKevin Carter; Neels Van Jaarsveld,playing João Silva; and, Frank Rautenbach,playing Ken Oosterbroek .(Image: The Bang Bang Club) Carter’s photo of a malnourishedSudanese child being stalked by avulture won him the Pulitzer Prizefor Feature Photography in 1994. Silva undergoing therapy after bothhis legs were amputated because ofa land mine incident in Afghanistan.(Images: The New York Times)MEDIA CONTACTS• Indigenous Film Distribution+27 11 719 4080RELATED ARTICLES• Bang Bang club lives on in film• Show your support for João Silva• Nikon to nurture young photographers• Bieber wins top press photo award The Bang Bang Club, a film about four brave photojournalists in pre-democratic South Africa, has received seven nominations at the 32nd Annual Genie Awards, the Canadian equivalent of the Oscars.The winners will be announced at a ceremony in Toronto on 8 March 2012.The film is based on real-life events that took place in townships across South Africa during the transition period between 1990 and 1994 after the abolition of apartheid and before the arrival of democracy.This was when the four photojournalists – the late Ken Oosterbroek, the late Kevin Carter, João Silva and Greg Marinovich – risked life and limb to capture the violence that erupted in the townships at the time.The film is nominated in the following categories: Best Art Direction/Production Design for Emelia Weavind; Best Cinematography for Miroslaw Baszak; Best Direction for Steven Silver; Best Music and Original Score for Philip Miller; Best Performance by an Actor in a Supporting Role for Taylor Kitsch; Best Overall Sound for Lou Solakofski, Stephan Carrier and Kirk Lynds; and Best Adapted Screenplay for Steven Silver.“Bang Bang Club has been a hit with audiences and critics alike,” said producer Lance Samuels, head of production company Out of Africa Entertainment.“It’s a great honour for a South African co-production, which tells the story of a tumultuous and significant time in the country’s history, to receive this level of recognition from such an esteemed industry body,”Helen Kuun, CEO of Indigenous Film Distribution, the local distributor, said that the film combines action with some drama.“What’s really noteworthy about the Genie nominations is that it places the film right up there with Jean-Marc Vallée’s Café de Flore, which received 13 nominations and David Cronenberg’s A Dangerous Method, which received 11 nominations. It’s a great achievement for a great South African film,” said Kuun.The film is also based on the 2000 book, The Bang-Bang Club: Snapshots from a Hidden War, by Marinovich and Silva.Tension before democracyIn 1991 Nobel Peace laureate FW De Klerk, South Africa’s last apartheid president, engineered the end of South Africa’s much-despised racial segregation policy.Now that freedom fighting organisations like the African National Congress (ANC), Inkatha Freedom Party and the Azanian Peoples Party were unbanned, and with high hopes of an election soon, party supporters in South African townships wasted no time in stamping their party’s authority in their regions, eventually resorting to fighting for their territory.The four journalists were there to document the violence through their cameras. They were known amongst their international peers as the Bang Bang Club, because they were unafraid to go where others wouldn’t.What happened to the club?On 18 April 1994, during a gunfight between the National Peacekeeping Force and ANC supporters in Tokoza, south of Johannesburg, Oosterbroek was killed while Marinovich was seriously injured.Deeply disturbed by the horrors he encountered during his career and troubled by other personal issues, Carter committed suicide in July 1994.His death came just 14 months after winning the Pulitzer Prize for Feature Photography, for his now-iconic 1993 photo of a malnourished Sudanese youngster and a vulture lurking nearby.Marinovich and Silva are still alive.Marinovich also received a Pulitzer Prize – for Spot News Photography in 1991 – for his image of pre-1994 South Africa which showed a man attacked with a machete and then burned.Silva stepped on a landmine on 23 October 2010 while on patrol with US soldiers in Kandahar, Afghanistan. He was on assignment for The New York Times. Both his legs were amputated below the knee.Hardly nine months passed and Silva was back on assignment with new prosthetic limbs, although he wasn’t fully recovered.He told The New York Times at the time: “It was a matter of making the best of what I had. There will come a time when I can run, but for now I can walk.”last_img read more

Guidance and Counselling Policy Launched

first_img Portfolio Minister, Senator the Hon. Ruel Reid, said the launch of the Guidance and Counselling Policy represents a continuation of efforts to improve governance in schools. The Guidance and Counselling Unit in the Ministry of Education, Youth and Information has launched a policy aimed at creating certain objectives, strategies and performance standards for the guidance and counselling profession in schools. Story Highlights In his address, read by Permanent Secretary in the Ministry, Dean-Roy Bernard, at the Policy’s launch at the Kingston and St. Andrew Parish Library on January 31, Senator Reid noted that the Policy was developed in the context that homes and schools represent training grounds for character building. The Guidance and Counselling Unit in the Ministry of Education, Youth and Information has launched a policy aimed at creating certain objectives, strategies and performance standards for the guidance and counselling profession in schools.The Policy sets up a framework around the operations of guidance counsellors and a strategy to hold counsellors and schools accountable to the expectations of the Ministry.Portfolio Minister, Senator the Hon. Ruel Reid, said the launch of the Guidance and Counselling Policy represents a continuation of efforts to improve governance in schools.“It ensures that administrators and teachers are equipped with a policy that prepares and guides them for all areas in the life of our students,” he said.In his address, read by Permanent Secretary in the Ministry, Dean-Roy Bernard, at the Policy’s launch at the Kingston and St. Andrew Parish Library on January 31, Senator Reid noted that the Policy was developed in the context that homes and schools represent training grounds for character building.“In these environments, the child may learn lessons about human individuality and dignity and about responsible freedom and love,” he said.“We want our children to know love and care within and beyond the walls of the classroom. We want to help them make sensible and responsible decisions, and we want to help them broaden their vision about what they can become,” he added.The Minister further noted that there is the need to address the level of professionalism that is offered in the name of guidance and counselling and to ensure that students receive the needed psychosocial interventions in addressing what they encounter in their lives.“We have long realised that our mandate that is streamlined through the Guidance and Counselling Unit is to influence, shape behaviours and encourage positive values and attitudes, which is clearly articulated in a number of polices,” he said.They include the Reintegration of School-Age Mothers into the Formal School System, Health and Family Life, and the Programme for Alternative Student Support (PASS).The Policy is guided by the Convention on the Rights of the Child, the Convention on the Elimination of all Forms of Discrimination against Women, and others of special interest.“What drives it is the knowledge that our guidance counsellors are game changers in the lives our children,” said Senator Reid.Meanwhile, General Secretary of the Jamaica Teachers ‘Association (JTA), Dr. Margaret Chin, said the Policy is timely and serves to strengthen the position of guidance counselling across the nation’s schools.“I am sure that this Policy will serve to guide counsellors in carrying out duties as professionals who answer to the needs of our children. This policy could not have come at a better time,” she said.Dr. Chin noted that her organisation supports the Guidance and Counselling Unit in the promotion of high educational values and ensuring that all students, especially the most vulnerable, have access to the full range of services available to them in the school system.The United Nations Children’s Fund (UNICEF) Country Representative for Jamaica, Mark Connolly, expressed pleasure at the Policy coming to fruition.He pointed out that the Policy represents a key component of UNICEF’s country programme for Jamaica, as schools play a significant role in keeping children “safe and alive”.last_img read more

We Gonna Be Championship A New Approach To Fixing Sports Quotes

Editor’s note: Tuesday was opening day at The Undefeated, a new ESPN website that explores the intersections of race, sports and culture. In an introductory letter, Kevin Merida, its editor-in-chief, says the site won’t shrink from covering challenging subjects with a mix of original reporting, innovative storytelling, provocative commentary, must-see video, narratives and investigations. At FiveThirtyEight, we’re so excited at having a new sibling that we’ll be running several of The Undefeated’s articles on our site this week — including the one that follows here — and we have big plans for partnerships in the future. More stories from The Undefeated:The puzzling plummet of RGIII, by Jason ReidMass incarceration is a local issue, by Brando Simeo StarkeyKimberly Clay finds solace in running Play Like a Girl, by Kelley D. Evans It’s not enough to hope for brilliant basketball in these Western Conference finals that feature four of the top-seven finishers in this year’s MVP voting. I want to see flawed quotes, in all of their glory, presented without fear of backlash. If Kevin Durant leaves out a letter of an indefinite article when disparaging an owner or Brazilian Leandro Barbosa uses broken English during a postgame interview, it could end up being the best part of the series — as long as they are allowed to truly speak for themselves.If you think quoting people accurately can’t be controversial then you haven’t read about Brian T. Smith of the Houston Chronicle relaying the English words of Dominican-born Houston Astros outfielder Carlos Gomez verbatim:Gomez: “For the last year and this year, I not really do much for this team. The fans be angry. They be disappointed.”Critics, including Gomez himself, accused Smith of ridiculing Gomez by highlighting the native Spanish speaker’s grammatical inaccuracies. The editor of the Chronicle apologized.Since when should journalists apologize for being accurate?Smith would only be in the wrong if he went out of his way to mock Gomez. Instead, Smith did the opposite, crediting Gomez for an honest self-assessment of his time with the Astros that included a .237 batting average and only four home runs.Reasonable people can make allowances for those who use English as a second language. Instead of teasing them for their shortcomings, we can applaud them for successfully conveying their thoughts.The Smith-Gomez flap brought up a debate about the old journalistic tradition of “cleaning up” quotes — that is, making slight fixes to align grammar and pronunciation with standard English.This is a tradition that needs to go.For one, it’s patronizing, with the implication that anything that deviates from the norm is inherently inferior and must be corrected. Black English, for example, isn’t a referendum on intelligence — it’s a reflection of centuries of segregation, just as American English is a linguistic representation of our country’s split from Britain. Passing judgment based on speech can often say more about the listener than the speaker. (Do we consider Yoda any less wise because of his mixed-up syntax?)And in an age where postgame news conferences are televised and video of most locker room interviews can be found online, altering quotes can damage credibility when the real versions are so readily available for comparison.Sometimes there is no fix to be found, no way to improve on the wonderfully wobbly phrases such as Barbosa’s proclamation last year that “We gonna be championship!”It became a rallying cry for the Golden State Warriors; and when Barbosa’s prediction came true, the Warriors shouted it out in their champagne-drenched locker room Instagram post.Recently, Barbosa delivered the “We gonna be championship” sequel. It still sounds great.Durant’s most memorable line of these playoffs can’t be found in a box score. It came when he responded to Dallas Mavericks owner Mark Cuban’s claim that Russell Westbrook isn’t a superstar by saying: “He’s a idiot.”Technically, it should have been “He’s AN idiot.” The incorrect article didn’t detract from the power of the statement. Nor did it alter our perception of Durant as a thoughtful person. If we can celebrate Westbrook pushing the boundaries of fashion, we can allow Durant to step outside the rigidity of grammar.When we cover the NBA, we cover a diverse array of characters, with all of their successes and failures. And when you get down to it, we cover who’s gonna be championship and who’s a idiot, no matter how those things are phrased. read more

Efforts underway to promote AYUSH abroad

first_imgKolkata: The ministry of AYUSH (Ayurveda, Yoga, Unani, Siddha and Homeopathy) has signed a Memorandum of Understanding (MOUs) with a number of foreign countries to promote research and development of traditional medicines abroad.The AYUSH ministry recently entered into an agreement with various institutions across the globe that include the National Centre for Natural Products Research (NCNPR), University of Mississippi in USA, Royal London Hospital for Integrated Medicine in UK, College of Homeopaths of Ontario (CHO) Canada, United States Pharmacopoeia Convention, Universidad Maimonides, Buenos Aires, Argentina and Medical Research Infrastructure and Health Services of Tel Aviv. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseThe system of Ayurvedic medication has a significant role in delivering healthcare to masses. It is cost-effective and benefits economically challenged patients. According to sources, the AYUSH ministry has signed MoUs with these countries as they have shown interest in promoting AYUSH as a method of treatment. It will also chalk out a detailed plan on how traditional modes of treatment can be adopted in foreign countries. It may be mentioned here that the ministry tied up with the World Health Organisation (WHO) to promote India’s traditional form of medical treatment. The ministry in assistance with the WHO, has been developing a standard terminology in Ayurveda, Unani, Sidhha so that the terms which are originally in Sanskrit can be comprehended by the people in foreign countries. The main purpose behind the tie up is to promote the quality and safety of traditional system and medicine and consumer protection. Ayurveda morbidity codes and standard terminology have been prepared so that AYUSH can be adopted in foreign hospitals. Ministry of AYUSH has already established North Eastern Institute of Folk Medicine in Arunachal Pradesh as a premier research Institute in all aspects of folk medicine knowledge with linkages and collaboration with other research institutions. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe government is documenting ethno-medical claims in a structural format through Medico-Ethno-Botanical Survey Programme (MEBS) and Tribal Health Care Research Programme (THCRP) in 17 states. Dr Sumit Sur, regional coordinator of Bengal, Odisha and North East, National Ayurveda Students’ and Youth Association, said: “We welcome the step taken by the Union AYUSH ministry. The tie-up with foreign countries will help in the promotion of our oldest and traditional methods of treatment.”last_img read more

5 Innovative Ways Artificial Intelligence Is Advancing Technology

first_img Register Now » May 24, 2018 Bots are dominating online communication, and most consumers don’t even realize the number of times they have interacted with a bot while browsing their favorite website or completing an online purchase.Bot technology is far from a new concept, though, as its origins date all the way back to 1966 with the invention of Eliza, a bot that managed to mimic a natural conversation through programmed responses. With no sign of slowing down, here are five innovative ways bot technology is advancing.1. The implementation of artificial intelligenceArtificial intelligence (AI) is a push toward being able to accomplish things that require human intelligence without needing humans. In the world of bots, the implementation of AI is geared toward creating environments where the bot you are speaking to is indistinguishable from a human being.The key difference between a bot with AI versus one without is that bots with artificial intelligence are designed to learn and evolve over time. The addition of AI to bot technology opens the door to endless possibilities for human interactions.Imagine a bot able to learn and adapt to the behaviors of someone with Alzheimer’s — identifying when a person has forgotten something and learning to remind them of things as their condition deteriorates.However, there is a dangerous side to bots — they have the potential to use learned speech patterns and information about people to impersonate them. With the amount of personal data stored on mobile applications, a bot could potentially use it to steal your personality, as well as your identity. Scary, right?This has led to a greater push for secrecy in mobile applications, with more decentralized and private messenger services are beginning to emerge like Ravn, which hides every aspect of a person’s identity and encrypts every part of a conversation.Related: Make Chats With Chatbots Work2. Brand awarenessIn the past, if you wanted to advertise your brand, you needed to create a one-off commercial or advertisement to grab the attention of your audience and encourage them to look at your offer.With bots, this is no longer the case. You can create a bot that represents your brand and spreads information relating to it. Bots can be available instantaneously to provide further information to prospective customers. They can not only raise a broader awareness of your product by being implemented in various mediums, but are also able to respond to millions of customers at once without the expense of manpower.For example, if you are an online clothing brand, you could have a bot that is programmed to gather information about a customer’s preferences and then offer to send them daily or weekly updates on fashion trends, with offers specifically catered to their interests.3. Intuitive programmingThe art of the sale is a skill that has been studied over and over for centuries, but what about the art of programming a sale? This is the thought process behind innovative new technologies aimed at guiding customers through a sale without needing a human sales representative.If you do a lot of online shopping, you more than likely have had a live-chat box pop up offering to help you. Most of the time there isn’t an actual human behind the screen — it’s a bot. This has led bot developers to make more intuitive bots that aim for comfort as much as convenience, because in order to convert, a customer needs to trust the person they are buying from.Bots are working behind the scenes as well. PassportRenewal.com is the TurboTax of passport renewals, made possible by its own “smart wizard,” which the company describes as a feature that “seamlessly automates customer information to help them complete many application tasks, including filling out forms.” So, not only are bots being used to attract conversions, but they are also being used to help funnel the customer through the entire process faster, post-conversion.Related: Key Points to Remember While Building your First Chatbot4. Bots with personalityWhether you want to sell something, gather information or simply entertain, the fastest way to lose your audience is by being boring. In the beginning, bots were clunky, slow and dull.They responded only to specific questions and only delivered programmed responses. Now, bots are more advanced — they have personalities. You can have a bot that tells jokes, or replies to kindness with kindness and sarcasm with sarcasm. The more complex bots become, the more they will seamlessly integrate themselves into our daily lives.5. The bad botsNot all bots are created to help, and many have become painfully aware of this, especially in the cryptocurrency market. This has brought a popular scam known as “phishing” to a whole new level.As described by the Oxford Dictionary, phishing is “the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information.” Previously, phishing was done by people sending emails, texts, etc. — using various scams looking for bites.Now, with bots, phishing is interactive. This is a problem that has led to the creation of bots that fight other bots. Companies like Coral Protocols use Telegram bots like Phishnet to catch and alert users to incoming phishing attempts.Phishnet is able to identify threats by applying trust scores to addresses in a particular blockchain. Millions of dollars in cryptocurrency are lost every day to phishing, and the phishing attempts are becoming more advanced daily. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 5 min read Growing a business sometimes requires thinking outside the box. Opinions expressed by Entrepreneur contributors are their own.last_img read more