Calxeda to offer 480core ARM server

first_imgWhile Intel may already be worried about ever gaining a foothold in the mobile chip market. ARM is starting to push into the high-end server market too with news of a 480-core, low power server in the works.The company behind the new server is a data center startup called Calxeda. Its focus is on building a processor platform that will have a significant impact on IT costs and energy consumption. They go so far as to claim a factor of 10 reduction in costs and a 5x, or even 10x performance gain over what is currently available.In order to produce hardware capable of reducing power consumption by such a large extent, the company has turned like so many others to ARM for its chips. It plans to develop a server consisting of up to 120 quad-core ARM Cortex-A9 processors, which means as many as 480 available cores.As for power use, when combined with DRAM Calxeda believes each node in the server will draw just 5 watts, or 1.25 watts per core. It is hoped that such a low power configuration combined with the proven performance on offer from the Cortex-A9 and so many cores, will be desirable to data centers.As for when this server configuration will be ready, Calxeda isn’t saying yet and remains in stealth mode as a company for the moment.Read more at Computerworld and Richard Fichera’s Blog (image courtesy of Wikipedia)Matthew’s OpinionARM’s latest mobile processors offer up enough performance to make them viable for smartphones (as can already be seen in the marketplace), for use in netbooks and, according to Calxeda, for servers too. As we’ve already seen in the most recent smartphones, the chips are fast and still allow many hours of battery life demonstrating their low power draw. Low power also means less heat therefore having an impact on the amount of cooling required for these new servers.While Intel is too big and established to be on its back foot just yet, the growing use of ARM designs in the processor market must surely have the chip design company on its radar. One of the biggest breakthroughs for making ARM chips a mainstream computing option was the news earlier this year that Windows 8 will support the architecture. Add to that a forthcoming 2.5GHz Snapdragon processor and we’re in for some exciting times ahead as consumers.And if you’re wondering what performance is like compared to the Intel Atom chip, the Cortex-A9 can compete with a 1.6GHz Atom even when running at 500MHz. Now imagine what is going to happen when you have Atom-based servers (which Microsoft is already asking for) competing for data center space next to a Cortex-A9 server. The one sure outcome of this is more processing power coupled with lower prices on the hardware side as these two chip companies go to war.last_img read more

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Antipiracy measures could see NZ libraries switch off Internet access

first_imgGovernments around the world are trying to figure out ways of cutting down on piracy. Some governments have already implemented controversial monitoring and three-strike rules. Such rules may look like they solve the issue in theory, but its a very different outcome in practice.France was one of the first places to attempt to implement the three-strike rule, which sees an Internet connection represented by an IP address monitored through an ISP. If an infringement is identified a strike is given, get three strikes and the connection is terminated and/or you face prosecution or fines. However, it never made it past the French National Assembly.But that same system has made it into law for New Zealand, and will be turned on come September. The major consequence of that is it could mean libraries in the country start turning off public Internet access. The issue stems from the rules not taking into account the fact a library is a public place with many users accessing the Web. Instead, it is just seen as a single IP address with the same three strikes as everyone else.The dilemma for the libraries is if they continue to allow unmonitored access they could be facing large payouts as a third strike can mean a $15,000 fine. The alternative is to monitor access for all users, but again that would require an investment of money by each library for the required software, it would also offer no guarantee that fines could be avoided.Members of Parliament in New Zealand have been told of the issue, but apparently decided it wasn’t something they needed to fix. It therefore looks likely the Internet access libraries provide could disappear before the year is over. For those without a PC at home that’s going to be a major blow.Read more at nzhearld.co.naMatthew’s OpinionIn political circles I doubt there is much in the way of knowledge relating to technology. The three-strike system was most likely presented as on a per person basis, or at least interpreted as such. In reality it doesn’t work like that so innocent people are going to be facing strikes and fines, or won’t even have access to the Internet anymore.Regardless of whether the three strikes system is good or bad, public buildings and services within them should be exempt from such rules. If the government want the connections monitored in a library, they are going to have to find the extra money to pay for such an installation.last_img read more

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iPhone and iPad virus scanner now available from Intego

first_imgWhile there might not be any active viral threats ravaging the iPhone, iPad, and iPod touch, there have been a handful of infections that targeted jailbroken devices in the past. Though it’s incredibly secure by design, iOS itself isn’t totally bulletproof — and it actually has a greater number of security flaws than Android.There’s another kind of risk lurking inside your iOS device. Since its internal storage can host files from any number of sources, like email attachments or Dropbox and iCloud syncs. Those files aren’t likely to be infected with iOS malware, but they could be carrying malicious code that targets your Windows or OS X system. Plug in your iPhone or iPad, transfer the files to your system, and you could be in real trouble.You probably have antivirus installed on your desktop computer, however, and it should intervene and prevent any infection from making the leap from removable storage like your iOS device. For those of you who would prefer an added layer of pre-plug anti-malware defense, there’s a new app from Intego that can help.It’s called VirusBarrier (in keeping with the company’s desktop software branding), and it’s now available for purchase in the App Store for $2.99. Unfortunately, it’s a bit limited because of the way iOS is designed: realtime protection isn’t an option the way it is on Android, so files must be scanned manually one at a time.Still, if you’re toting around critical files on your iOS device and want to check out new additions from outside sources before plugging in to one of your desktop systems, VirusBarrier for iOS is well worth the low price of admission.More at Integolast_img read more

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Fire Emblem Awakening first to get paid DLC on 3DS

first_imgBack in August Nintendo announced that downloadable content would be coming to the 3DS in the next system update. By DLC they meant both the ability to download demos, but also to pay for additional content that would be added to a game you already own. However, Nintendo was also keen to point out such additional content would not be done on a small scale, suggesting healthy gameplay additions for games that choose to use it.On December 8 Nintendo rolled out the update that allowed DLC to work, but it was accompanied by no games that supported the feature. Now we know the first game to offer paid-for DLC won’t arrive until April 19 in Japan. That game is Fire Emblem: Awakening being developed by Intelligent Systems.No details of how much the DLC will cost or what it will include have been released yet. However, it does at least signal the beginning of such additional content on the 3DS and should quickly be followed by other games.There’s been no release date announced for Fire Emblem: Awakening in the west, but it should offer the same DLC. Such content can be purchased with a credit card directly on your 3DS, or through the use of a pre-paid card.If we don’t get the DLC in the west then we may instead have games that include it ship with the additional content already on the card. Although, I’d be surprised if Nintendo didn’t want to encourage such extra spending in markets used to paying for digital content already through their smartphones.More at Andriasang and GameSpotlast_img read more

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GTA Vs massive world dynamic gameplay revealed

first_imgDetails about Grand Theft Auto V have been trickling out on to the Internet for a couple of weeks, but everyone has been waiting for the Game Informer exclusive to give us a better idea of what to expect from Rockstar’s next game in the series. That issue of the magazine has now been released and with it the floodgates have opened on GTA V‘s features.First of all, the GTA V game world is huge. It is described as taking the worlds of GTA IV, San Andreas, and Red Dead Redemption, combining them, and then adding even more to get some idea of just how big the play area is. This extends to the areas of water in the game, which can also be explored given the right equipment. The draw distance has also been improved for the game. GTA IV was limited to 1.5km where as Rockstar says in GTA V you can see for “miles and miles” thanks to a brand new engine.As for gameplay, Rockstar has chosen to give the player control of three different characters, but links them together. These characters are Frankie (street hustler), Michael (retired bank robber), and Trevor (career criminal/drug addict). They can all be customized and each has a particular and unique skill set. This is used to good effect in the game with missions that involve using all three characters in different roles to achieve a common goal. That also means you can flick between the different characters at will and at any point in the game, they all have their own sets of friends/acquaintances to interact with, and each does his own thing when not being used in a mission.How does that impact gameplay? Well, it allows Rockstar to setup missions whereby a single player takes on different tasks in order to keep them in the action. For example, Trevor can be in control of a getaway car, Franklin is available to fire a gun as a passenger, and Michael is providing sniper support from a different location altogether. It’s easy to see how this could be used to good effect and open up involved gameplay beyond just controlling one character and relying on NPCs to perform supporting roles.As you’d expect, GTA V will have a wealth of vehicles to drive and weapons to use. The physics has been improved to bring the driving experience up to racing game standards, but there’s also a range of new vehicles to get around in. Some of the more interesting that have been confirmed include a jet ski, ATV, dirt bike, mountain bike, helicopter, and scuba gear for underwater exploration.Sport seems to be a big thing in GTA V. You can take part in a triathlon, play a round of golf on an 18-hole course, play some tennis, or relax with some yoga. We don’t know if these actually improve your stats in any way, but they are there if you want to kill some time between missions.Rockstar is also promising more options to use the money you accrue in the game, a dynamic mission system (think Red Dead Redemption) giving you more choice over what you do, less celebrity voice acting, and no romance or property buying. And of course, it’s going to look fantastic in the new engine.So as expected, GTA V is bigger, looks better, is more realistic (physics), and adds more gameplay. If we’re lucky, we’ll only be waiting until March to start playing it.via ShopTo and Kotakulast_img read more

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Asus Transformer AiO to launch in Q2 for 1299

first_imgIn the modern world of tech, we generally own multiple devices that often perform similar functions. Your smartphone, tablet, and desktop can browse the same web pages and connect to the same Netflix account. Your phone and tablet often have the same exact apps available on either device, and all three are able to connect to each other in some way in order to share files. So, instead of having some device redundancy, Asus is attempting to remove one of your devices by combining the desktop and tablet into one package called the Transformer AiO.The concept is fairly simple. The desktop portion of the Transformer AiO essentially acts as a stand for the tablet, but has some computing hardware stuffed under the brim. The screen doubles as a detachable tablet, which also houses some hardware. As we’ve previously discussed, the Transformer AiO boasts an 18.4-inch screen, making it one of the biggest tablets currently available for consumers.The desktop portion of the mutant device is no slouch, and packs a 3.1GHz Core i5-3350P processor under the hood. Along with that, it houses 8GB of RAM, an Nvidia GeForce GT 730M video card, a 1TB hard drive, four USB 3.0 ports and one USB 2.0 port, an HDMI output, and a DVD burner. When the tablet is attached, that 18.4-inch touchscreen becomes a 1080p display.On the tablet side of things, the Transformer sports 2GB of RAM, 32GB of storage, a Tegra 3 quad-core processor, a microSD card slot, and can connect via WiFi and Bluetooth. The battery is said to last around five hours, and comes with a kickstand to help prop it up, as well as a handle to help lug the thing around. Considering the tablet is a little over 18 inches and weighs around five pounds, though, it’s probably not something you take on the bus or train ride to work in the morning, but nothing other than your forearm strength is stopping you.Perhaps the true odd feature of the Transformer is that the desktop runs Windows 8, and the tablet runs Android 4.1, rather than Windows RT. Interestingly, the Transformer provides a remote desktop option so you can run Windows 8 apps on the tablet, or to simply access files kept on the desktop side of things.The Asus Transformer AiO will launch sometime during the second quarter of this year, with a price tag of $1,299 — the same price at which Google launched its Chromebook Pixel. So, if you only had one pile of money amounting to $1,299, you could now make the choice between a fancy Chromebook, or a desktop that’s also a tablet.last_img read more

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Pelican Imaging and why 16 tiny cameras are better than one big

first_imgWhat if the camera on the back of your phone wasn’t one big glass circle, but instead was 16 tiny dots that all worked together to give you a whole new kind of photography experience on your phone? That’s the question Pelican is hoping they will get a positive answer to this week.Every since the Lytro made its way to shelves of electronics stores, there’s been a growing group of users curious as to when we’d see this kind of technology on a smartphone. The ability to take a photo and adjust the focus afterwards is nothing short of a magic trick to most people, but it is certainly possible with the right hardware. Array cameras take many tiny photos and stitch them into larger, more flexible photos. Pelican has announced an array camera that is finally small enough to fit in a smartphone, as well as the software to show off why it would be useful to consumers.Despite being essentially 16 tiny cameras, Pelican’s Mobile Camera Array actually contains fewer parts than the traditional smartphone camera. There’s no autofocusing hardware or image stabilization tech in this little black box, which in theory means that the cameras are easier and faster to produce and assemble. The demonstration we were shown at the Qualcomm Uplinq conference placed the little square with tiny holes in the back of a Snapdragon 800 developer tablet in exchange for the 12MP camera that is normally there. It didn’t seem to take up any extra room, and although it looked strange compared to a traditional camera, it’s not hard to imagine this showing up on a phone or tablet soon.Using an array camera gives you the ability to more accurately measure depth by capturing many different images and many different focus points. The software shown allowed the user to point at an object and see how far away it was from the camera at the time it was taken. The software also allowed the user to focus on on or more objects after the photo was taken, giving edit control that no normal smartphone can have once the picture has been saved. Pelican even claimed that the array camera was goo enough to take 3D images that could be reproduced in a 3D printer, which would obviously open up a whole new avenue of use cases for many.It would take a company willing to risk being different to put this little grid of dots on the back of their phone, but the end result from this demonstration was truly impressive. Pelican didn’t have any hardware partners to announce, but it wouldn’t be hard to imagine seeing this camera show up in a consumer product sometime in the next few months. VIEW PHOTO GALLERY Pelican Array ComparePelican Array ComparePelican Array Depth MapPelican Array Depth FocusPelican Array Featureslast_img read more

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Vera Twomey battles tonsillitis and crippling pain to make it to Kilkenny

first_img 32,260 Views Vera meeting supporters along the way. Image: Facebook/Gino Kenny Friday 3 Mar 2017, 1:46 PM Share2793 Tweet Email1 Vera meeting supporters along the way. DETERMINED MOTHER VERA Twomey is fighting illness and physical pain as she continues her walk from Cork to Dublin for her sick daughter Ava.The mother, along with her husband, supporters and TD Gino Kenny, arrived into Kilkenny this afternoon where they received a rapturous welcome.They had set off from Cashel in Tipperary this morning after Vera battled illness and pain from walking the huge distances.Vera has been suffering with tonsillitis and has strapping placed on both of her knees due to the hardship she in putting her body through.She began the 260km walk from her home to the Dáil as a protest against decisions to restrict her daughter Ava, who has rare form of epilepsy called Dravet’s syndrome, from accessing cannabis based medication.Speaking in a video posted on Facebook this afternoon, it emerged how Ava suffered another seizure yesterday morning. Tweet thisShare on FacebookEmail this article By Garreth MacNamee Image: Facebook/Gino Kenny Mar 3rd 2017, 1:46 PM 66 Comments Vera on the road yesterday. Source: Facebook/VeraTwomey“Thank you very much to everyone in Cashel last night for the support. We’re heading out the road again today. Ava had a seizure this morning and we can’t stop. Please contact your TD and tell them as much as you can to stand up above in the Dáil and get the children the medicine they need,” Vera said.Vera and her supporters hope to arrive in Dublin by Tuesday.The mother has been in a number of meetings with Health Minister Simon Harris and has tried to get the Minister to allow Ava access cannabis-based medicine on compassionate grounds. Ava, who would have suffered dozens of seizures on a daily basis, has had access to CBD oil costing around €300 a month.CBD is a cannabidiol and is legal in Ireland because it does not contain any THC, the psychoactive part of the cannabis plant. Vera is campaigning for access to the full range of cannabis-based medicines.Last week, Twomey released a harrowing video of Ava suffering a seizure to TV3 and, , spoke to Ray D’Arcy on RTÉ radio following her meeting with Harris, where advocates Gino Kenny TD and Anne Rabbitte TD were also in attendance.The Department of Health issued a statement after Harris’ meeting with Twomey, today, where he reaffirmed what he said when the HPRA report was released two weeks ago, namely that a pilot access programme for cannabis-based treatments would be rolled out for patients with specific conditions, including severe epilepsy.The statement adds that, “until such time as the necessary legislative amendments has been made to facilitate the implementation of the Cannabis Access Programme, it remains open to the Minister to consider granting a licence to an Irish registered doctor for access to medicinal cannabis for named patients”.Twomey said that she had been told in the meeting that they needed a consultant neurologist, not just an “Irish registered doctor” to apply for this licence and that, without that, they had no other option.Read: Mother releases harrowing video of daughter suffering seizures in bid to access medicationRead: Health authority recommends medicinal cannabis to be made available for “specified conditions” http://jrnl.ie/3268811 Vera Twomey battles tonsillitis and crippling pain to make it to Kilkenny The mother hopes to arrive at Dáil Éireann on Tuesday. Short URLlast_img read more

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The 9 at 9 Tuesday

first_img Mar 14th 2017, 7:57 AM By Cormac Fitzgerald 9,175 Views The 9 at 9: Tuesday Here’s everything you need to know as you start your Tuesday. Short URL No Comments EVERY MORNING, TheJournal.ie brings you the stories you need to know as you start your day.1. #OPERATION: A major sea operation is underway off the coast of Mayo after a Coast Guard helicopter with a crew of four went missing.2. #TALKS: Talks broke down yesterday between Bus Éireann and management and unions around proposed cuts, signalling that strike action could be imminent.3. #ELECTION: Ahead of tomorrow’s elections in The Netherlands, the Dutch prime minister has urged the country to halt the rise of right wing populism in Europe.4. #BREXIT: The UK parliament has given prime minister Theresa May approval to start Britain’s withdrawal from the EU, meaning that Article 50 should be triggered by the end of the month.5. #CHELTENHAM: The annual horse racing festival kicks off today, with addiction counsellors warning people to take care.6. #STELLA: The east coast of the US is bracing itself for blizzard conditions with a number of flights cancelled as Storm Stella prepares to land.7. #SCOTLAND: The Scottish National Party has warned British prime minister Theresa May not to attempt to block any future referendum on Scottish independence, RTÉ reports.8. #CASEY: Michael D Higgins has led the tributes following the death of former bishop Eamonn Casey.9. #LOUISIANA: Jury selection began yesterday in the second-degree murder and attempted murder trial of police officer Derrick Stafford, after a young autistic boy was shot death in November 2015. Share Tweet Email Image: Shutterstock/vsl Image: Shutterstock/vsl Tuesday 14 Mar 2017, 7:57 AM Tweet thisShare on FacebookEmail this article http://jrnl.ie/3286101 last_img read more

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Bank of China applies to set up Irish branch

first_img Image: Richard B. Levine SIPA USA/PA Images Bank of China applies to set up Irish branch Further opportunities to boost Ireland’s business relationship with China are expected post-Brexit. Tuesday 14 Mar 2017, 4:51 PM Short URL Bank of China’s New York headquarters Image: Richard B. Levine SIPA USA/PA Images This decision is on the back of the approval by Chinese authorities to allow Irish financial institutions to invest nearly €7 billion into the Chinese market, and this reciprocal arrangement of sorts will allow for increased diversification of investment from Ireland to the Orient for all involved.Richmond added that, in terms of investment, Ireland is “a bit below the EU average when it comes to doing business with the Chinese market”, but the Bank of China move “will go a long way towards boosting this”.Read: Young boys who appeared in Prime Time crèche exposé awarded €48k in damagesRead: Author behind heartbreaking Modern Love essay dies aged 51 17,809 Views Mar 14th 2017, 4:51 PM BANK OF CHINA has applied to the Central Bank for a licence to set up an Irish branch.The partially state-owned bank has operations in the UK, and an aircraft leasing operation in Ireland.Business links between Ireland and China have grown in recent years and Brexit is likely to present further opportunities to boost this relationship. The Irish Times reports that the application was filed last month.Fine Gael senator and spokesperson on EU Affairs Neale Richmond welcomed the news, saying: “Post-Brexit, Ireland but particularly Dublin, can position itself as an alternative base for financial institutions seeking to passport into the European Union.“Ireland is an attractive place for banks and financial services companies to do business and it is vital that we attract this business to offset the obvious negative economic that Brexit will bring to the wider Irish economy.center_img Bank of China’s New York headquarters By Órla Ryan 55 Comments http://jrnl.ie/3287388 As the clock ticks down, get all the best Brexit news and analysis in your inbox: Share Tweet Email1 Tweet thisShare on FacebookEmail this articlelast_img read more

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Adoptive mother arrested after allegedly starving and pepper spraying child YouTube stars

first_imgThey further stated this is one of the reasons their mom took them out of school so they can keep filming their series and they mentioned they have not been in school for years.The children were aged between six and 15.One alleged that “her mother would spray her and her siblings with pepper spray all over their face and body,” while another “stated they would go days without food, water,” the document said.They were also “locked in the closet for days at a time” and two said they were sprayed or pinched in the genitals, it added.Officers from Maricopa, outside Phoenix, said the children “appeared to be malnourished”.Arrested last week, Machelle Hackney (47) – known as Machelle Hobson on her channel – was charged with seven counts of child abuse, two counts of child molestation, five counts of unlawful imprisonment and seven counts of child neglect.Police told AFP today that she remains in custody after a Tuesday hearing, but her two biological sons, also arrested, were released.Ryan Hackney and Logan Hackney, both 27, are charged with seven counts of failing to report abuse. The adopted children also appeared in superhero costumes on the channel, which YouTube took down yesterday. – © AFP 2019 Comments are closed as a person has been charged. Adoptive mother arrested after allegedly starving and pepper spraying child YouTube stars The Fantastic Adventures channel had more than 700,000 followers and 240 million views. Image: Shutterstock/AngieYeoh Tweet thisShare on FacebookEmail this article https://jrnl.ie/4554991 Thursday 21 Mar 2019, 9:58 PM Mar 21st 2019, 9:58 PM Image: Shutterstock/AngieYeohcenter_img 29,681 Views Share28 Tweet Email YOUTUBE HAS REMOVED a channel that featured children playing with toy guns and whistling after police arrested their adoptive mother for allegedly starving them, locking them in closets and pepper-spraying them.The Fantastic Adventures channel had more than 700,000 followers and 240 million views.The seven adopted children told investigators of “having to participate” in the YouTube shows, a court document says.“They stated they are disciplined in the manners above if they do not recall their lines or do not participate as they are directed to,” says the document filed in Pinal County, Arizona. No Comments By AFP Short URLlast_img read more

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Theresa May wins a key vote on Brexit bill but it comes

first_img Short URL Prime Minister Theresa May makes a statement in the House of Commons yesterday. 47 Comments Tweet thisShare on FacebookEmail this article 30,018 Views As the clock ticks down, get all the best Brexit news and analysis in your inbox: THE UK GOVERNMENT has won a crucial vote on its Brexit bill, which would have given parliament a veto on the final deal negotiated with Brussels.The House of Commons has voted by 324 to 298 to overturn an amendment to the British government’s landmark EU Withdrawal Bill.The amendment would have given parliament a veto over the final Brexit deal by removing Theresa May’s power to walk away from talks with Brussels, and send the bill back to be voted on by the House of Lords (who are unelected).The Lords amendment would have given parliament the power to decide what happened next in the event of a ‘no-deal’, with the possibility of going back to the negotiating table or even staying in the bloc.But in extraordinary scenes, ministers were forced to offer last-minute compromises to pro-European MPs before holding private talks in corners of the chamber as the debate raged on.But to ensure she’d win the vote, May had to make minor concessions which could lead to Britain remaining tied to parts of the European Union after Brexit.The government has agreed that the House of Commons will be able to direct Brexit negotiations if there’s no deal by 30 November this year. This could give MPs a veto on the final Brexit deal, or even force a second referendum.ResignationEarlier today, minister Phillip Lee, a close ally of Theresa May and prominent ‘Remainer’, resigned ahead of the Brexit vote. He reacted to the result of the vote this evening, saying: Share21 Tweet Email Theresa May wins a key vote on Brexit bill, but it comes at a price The legislation is to cover what will happen in a ‘no-deal’ scenario. By Gráinne Ní Aodha Image: PA Wire/PA Images Tuesday 12 Jun 2018, 6:16 PM Delighted that the Government has agreed to introduce an amendment to the EU Withdrawal Bill which will give Parliament the voice I always wanted it to have in the Brexit process. This justifies my decision to resign and makes it a lot less painful. Jun 12th 2018, 6:16 PM However, I can only vote on the amendment that is before Parliament. I resigned because I could not support the Government’s opposition to the Lords’ amendment and still cannot. But the Prime Minister has given her word. I trust her and so I will abstain.Potential impact of Brexit on IrelandThe Irish government will be watching these developments closely, as it gives an indication of how Brexit will impact on businesses and workers here.A number of reports have been commissioned to find out the potential impact Brexit would have on Ireland and how prepared businesses are.One of those reports examined 15 sectors identified as being most exposed to the implications of Brexit such as the agrifood, chemical and pharmaceutical sectors.It found that at the time the research was being undertaken (February to August 2017), only half of the sectors were actively taking action to mitigate the potential impacts of Brexit.Another report recommended government interventions in relation to workers’ skills, particularly those involved in goods trade across international borders.They range from recommendations on higher-level customs clearance training to raising awareness of opportunities in logistics, supply chain and transportation careers across all sectors.- with reporting from AFP http://jrnl.ie/4067423 Prime Minister Theresa May makes a statement in the House of Commons yesterday. Image: PA Wire/PA Imageslast_img read more

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SYRIZA chief calls for Greek veto

first_imgAlexis Tsipras, the leader of the main opposition party, anti-bailout SYRIZA, on Saturday called on the new coalition government to veto an agreement by European Union leaders to prop up banks unless Greece is allowed to benefit from it in the same way as Italy and Spain, two much bigger economies with debt problems.Addressing delegates at the party’s panhellenic summit, Tsipras accused the government of “looking on from afar as Angela Merkel made concessions and not having the essential boldness to ask for Greece to be given the same treatment.” The leftist leader was referring to the German Chancellor’s apparent compromise at last week’s summit, when EU leaders agreed on an ambitious plan to channel cash into troubled banks and reduce borrowing costs for Italy and Spain.Tsipras accused Prime Minister Antonis Samaras, who did not attend last week’s EU summit following eye surgery, of expressing “subservience and servility” in a letter sent to EU leaders reiterating Greece’s commitment to meeting the terms of a 130-billion-euro debt deal, while signifying that some aspects should be tweaked to combat a deepening recession and rising unemployment. The leftist also condemned socialist PASOK leader Evangelos Venizelos and Democratic Left chief Fotis Kouvelis, the leaders of the other two parties in the coalition, of “doing nothing but ask for the formation of a negotiating team.”Government spokesman Simos Kedikoglou, who has accused Tsipras of undermining the government’s efforts to negotiate with creditors, responded to the leftist’s jab on Saturday by saying that “the government will continue to strive to modify those policies that are leading the country into recession and thousands of Greeks into unemployment.” Facebook Twitter: @NeosKosmos Instagramlast_img read more

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Protesters clash with police at Golden Dawn launch

first_img Facebook Twitter: @NeosKosmos Instagram A rally organized to protest the opening of a local branch of the ultranationalist Golden Dawn party in Agrinio, Western Greece, on Sunday evening ended with riot squads being dispatched from Athens and other parts of the country after a group of protesters clashed with local police in front of the town’s central Aghios Dimitrios Church. Police fired tear gas and stun grenades at some 200 protesters who reacted violently to the inauguration of a local branch of Golden Dawn in the city, in a ceremony that was attended by party officials as well as by numerous supporters from other parts of the country. Earlier in the day, Golden Dawn’s offices in Karditsa and Xanthi in northern Greece were vandalized by unknown assailants. Source: Kathimerinilast_img read more

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Life Stages

first_img Facebook Twitter: @NeosKosmos Instagram People confused about superannuation often ask me how they can make the right decisions about their retirement savings. As I pointed out in last week’s column, there are no secret formulas for having enough investments so you can fund a comfortable retirement. What you should be aiming for is to be able to create an income in retirement that covers around 75 per cent of your working life income. That’s about the only universal formula for retirement savings, and even then, the mix depends on whether you retire as a couple, retire owning your own home, and how much investment risk you can bear in retirement. Most retirement strategies are technical and financial. And so they should be. But retirement savers also need to get their own personalities into the strategy. For instance, you should understand your risk profile – preservation, moderate, balanced, growth, aggressive – which helps you decide how much weighting to give to shares, cash, property and fixed interest investments such as bonds. Then you need to get more personal and understand the impact of your life stage on the financial picture. With life stages come decisions and priorities. Here is a guide, based on age, that will help you understand what you should be paying attention to: Aged 25 to 35: you’re in an accumulation phase, taking advantage of higher disposable income and fewer family-related expenses. You have a long investment life ahead of you, so you can and should tend towards ‘aggressive’ asset allocations. Why? You’re young enough to weather downturns in share markets and therefore benefit from long term gains. Aged 35 to 45: you should be paying down a mortgage fast, taking advantage of low interest rates to increase home equity and get ahead of the payment schedule (home owners need less cash in retirement than renters or those with a mortgage). You should be paying more attention to your superannuation and although you’re no longer in your twenties, you should keep your investments in ‘growth’ and weighted to equities. Aged 45 to 55: you should be making additional contributions to your nest egg, taking advantage of tax benefits for salary sacrificing to super. Make eliminating all debt a priority, you don’t want to carry it into retirement. If you haven’t already, meet with a financial planner to begin discussing retirement options Aged 55 to 65: you should shift the majority of your investment to preservation assets – cash, fixed income – and use your last working years to increase personal contributions to super. Consider a strategy for ‘transition to retirement’, which includes a capital preservation strategy rather than chasing growth. Focus on making the right tax decisions and decide which lifetime annuity product suits you best. Of course, life stages are not definitive on their own. But alongside your risk profile, your goals and your savings strategy, they become useful ways of ensuring your actual life is catered for and you’re always on the right track. Include yourself in the picture, and good luck. * Mark Bouris is the Executive Chairman of Yellow Brick Road, a financial services company offering home loans, financial planning, accounting & tax and insurance. Email Mark on mark.neos@ybr.com.au with any queries you may have or check www.ybr.com.au for your nearest branch.last_img read more

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Labour costs fall

first_imgGreece’s hourly labour costs are now rank 16th out of 28 countries in the European Union: in Greece, it costs on average €13.60 to employ someone per hour, half of the European Union average of €23.70Labour costs in Greece fell by almost a fifth from 2008 and 2013, the biggest fall in the entire European Union, figures released last week showed.The data from Eurostat, the EU’s statistical arm, found that the labour cost per hour in Greece fell from €16.70 in 2008 to €13.60 in 2013, a decrease of 18.6 per cent. That puts the labour costs in Greece far below the eurozone average of €28.20 and more than half of EU average of €23.70. In 2008, just before the crisis hit the country, Greece’s labour costs were 65 per cent of the eurozone average. Last year, they were 48 per cent of the average. Greece was one of only five other EU countries, among them Hungary (-5.2 per cent) and Portugal (5.1 per cent), to experience a fall in labour costs in the same period. In all the others, labour costs increased. On average, the hourly labour costs rose by 10.2 per cent in the 28 members of the EU and by 10.4 per cent in the eurozone.Within the eurozone, the largest increases were recorded in Austria (+18.9 per cent), Slovakia (+17.0per cent) and Finland (+15.9 per cent).Source: enetenglish Facebook Twitter: @NeosKosmos Instagramlast_img read more

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Tsipras to meet with Pope Francis

first_img Facebook Twitter: @NeosKosmos Instagram SYRIZA leader Alexis Tsipras will travel to the Vatican for a meeting with Pope Francis according to reports.Social justice, unemployment, immigration and the Mideast crisis are on the agenda, the reports said.Tsipras will reportedly be accompanied by leftist party spokesman Panos Skourletis and Walter Baier, coordinator of the European network for alternative thinking and political dialogue, Transform!Since Pope Francis was elected to replace Pope Benedict XVI he has frequently spoken out about and acted on issues of poverty, earning himself the nickname, “Pope of the Poor”.Tsipras raised eyebrows in August after spending two days at the semi-autonomous monastic community on Mount Athos in northern Greece. Analysts saw the visit as a bid to broaden the party’s appeal and mend its damaged relationship with the Orthodox church. Tsipras has in the past said he is not a religious person.Source: Ekathimerinilast_img read more

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Germany holds its position on war reparations to Greece

first_img Facebook Twitter: @NeosKosmos Instagram The German government’s position on Greek demands for war reparations is clear and has not changed.Seibert had been asked about recent statements made by German President Joachim Gauck that were widely interpreted as an “opening” for the possible payment of WWII reparations to Greece.Seibert noted that Gauck’s interview made clear that the German presidency fully shares the legal view expressed by the government on this issue and that Gauck had referred to cooperation between Greece and Germany through various initiatives and institutions in Greece.Germany has recognised its responsibility for the victims of National Socialism, the spokesman added, and wanted to further develop its bilateral relations with Greece “in this spirit.” The injustices of that period could not be cancelled out, he said, but “70 years after the end of the war and 35 years after Greece joined the EU, we want to look to the future together…but do not want to forget the past.”Source: Newsbomblast_img read more

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Schäuble to Tsipras Its the implementation stupid

first_imgGreek Prime Minister Alexis Tsipras was left in no doubt on Thursday at the World Economic Forum in Davos, Switzerland, that his government will have to produce deeper pension reforms to satisfy its lenders.However, Tsipras was also given backing over his pursuit of debt relief from the International Monetary Fund, whose role in the Greek bailout he had publicly questioned recently.Tsipras met with IMF Managing Director Christine Lagarde and, earlier, with US Treasury Secretary Jack Lew. He also shared a panel with German Finance Minister Wolfgang Schaeuble.During a 90-minute meeting described as “sincere” by the Greek side, Tsipras raised two key issues during his meeting with Lagarde. He asked for leaks from the IMF regarding its views on Greek proposals to stop and for the upcoming bailout review to be completed as quickly as possible.In a statement issued after the meeting, the Fund made it clear that Tsipras would have to do more on pension cuts, while Greece’s European lenders would also have to be prepared to offer sizable debt relief to Athens.“The managing director reiterated that the IMF stands ready to continue to support Greece in achieving robust economic growth and sustainable public finances through a credible and comprehensive medium-term economic program,” said the IMF.“Such a program would require strong economic policies, not least pension reforms as well as significant debt relief from Greece’s European partners to ensure that debt is on a sustainable downward trajectory.”Earlier, when he was part of a panel with Schaeuble, Tsipras said his government accepts the need to have the IMF on board in the bailout.“There has been a long debate, we have heard different views,” he said. “Some partners asked that the IMF be involved and we agreed in order to have the agreement. Now we are doing all we can to implement this agreement,” he said.Schaeuble said the German and other parliaments had agreed to aid Greece on condition that the IMF remained engaged in the program and it would be like “entering a room full of dynamite with a lighted candle” to ask the Bundestag to change that agreement.Tsipras joked that he didn’t want Schaeuble to blow himself up so they needed to remove the dynamite before he entered that room.The discussion was also notable for Tsipras arguing that apart from producing balanced budgets, European countries also had to focus on erasing inequalities such as divergent borrowing rates.Schaeuble responded by saying that solidarity could only come from “respecting agreements.”“It’s the implementation, stupid,” he added.Source: Kathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more

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Greek Orthodox Australians celebrate Holy Epiphany

first_imgThe Greek Orthodox Community of Australia will celebrate the Holy Epiphany this weekend, true to its tradition, benefiting from the warm weather. As always, the epicentre of the traditional celebration of the baptism of Jesus Christ by John the Baptist in Victoria will be the Church of Holy Epiphany in Frankston.Over 3000 people are expected to visit Frankston Waterfront today (Saturday 6 January 2018) to celebrate the annual Blessing of the Waters.The Divine Liturgy is scheduled to take place at 7.30 am, officiated by Bishop Iakovos of Miletoupolis, who will also throw the Holy Cross in the waters of Frankston beach, for the parishe’s youth to retrieve. The annual event festivities will carry on till the evening with the local council and parish extending the invitation to everyone.Another ceremony will take place on Saturday in Rye, following the eucharistic blessing service at the Orthodox Church in Red Hill. Father Eleftherios Tatsis will form a procession at Rye jetty and perform the Blessing of the Waters. A festival of music and dancing will be held on the foreshore afterwards.The ceremony of Theofania, following Epiphany Day, will culminate with the Blessing of the Waters at Princes Pier in Port Melbourne. This is a combined celebration for all Parishes in Melbourne celebrated by Bishop Ezekiel of Dervis and Bishop Iakovos of Miletoupolis together with all the Clergy of Melbourne. Bishop Ezekiel of Dervis tossing the wooden cross from Princes Pier in Port Melbourne on the 12th day after Christmas.The annual ceremony celebrating the visit of the three kings to the Christ Child, signifying the extension of salvation to the Gentiles will be officiated by Bishop Ezekiel at 1pm but festivities will keep on well into the night and hundreds of faithful are expected to attend this year.The Blessing of the Waters ceremony will be commencing 1:00pm sharp and will be followed by music, dancing and activities for children until late afternoon. Also, food and drink will be available at the Pier together with a variety of other stalls.VIC Times & locations Frankston Pier Saturday 6 January 2018, celebrations from 11:00 AM – 5:00 PMRye Forshore, Point Nepean Road Rye Saturday 6 January 2018, 12ish (take traffic) For further information call Rev. Father Eleftherios Tatsis (AH): 5989 2383Princes Pier, Port Melbourne Sunday 7 January 2018, 1:00pm – 7:00pm | Princes PierNSW In Sydney, the ceremony of the Blessing of the Waters will be officiated by His Eminence Archbishop Stylianos of Australia, with thousands of people expected to attend. On Sunday there will be Matins and a Divine Liturgy from 7.30 am followed by Epiphany Festival and ‘Blessing of the Waters’ at Yarra Bay.WA The Greek Orthodox Parishes of Perth with the Holy Monastery of St. John of the Mountain are hosting the annual Epiphany Celebration on the foreshore of the Swan River at Matilda Bay Reserve with the retrieval of the Holy Cross from the Waters on Sunday 7 January 2018. Service Commences at 12:30pm and parking around the site will be available for parishioners. The Archdiocese has installed tents for shade and protection for the heatwave. There will also be stalls offering souvlakia & sausage Sizzle from 11:00am, as well as cold drinks, sweets and a jumping castle for children. Strong swimmers over the age of 15 and who are interested in swimming for the Holy Cross are to contact Fr Elpidios on 0407 260 071 Facebook Twitter: @NeosKosmos Instagramlast_img read more

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