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first_imgIn Henan province, provincial SOEs have been told to expand hiring and reserve at least half the new positions for graduates.”Clearly, initiatives such as this run counter to the idea that China’s SOEs are run on a purely commercial basis,” said Louis Kuijs, of Oxford Economics. SOEs, which enjoy privileged access to certain sectors, have a “special responsibility” at times, he said.Government schemes sending young people to work in less developed areas of China have also been bulked up: one, where graduates help with poverty alleviation and other community support, has 5,000 more places than last year.Thousands more graduates than in 2019 will be granted passing grades in the highly competitive civil service exams, mainly held in the summer. Central Hubei province has increased its quota by more than 40%, while the northern region of Inner Mongolia has more than quadrupled its quota.Efforts to directly soak up labor are limited as China’s private sector accounts for 80% of urban jobs. But SOEs have also been told to help employment indirectly by promptly paying and reducing costs for smaller companies, said Andrew Polk, a partner at Trivium China, a research advisory.SOEs have been pivotal in driving China’s supply-led economic recovery amid the pandemic, although demand has not kept up, Polk said.Pros and consIn a letter dated July 7 to graduates embarking on grassroots work in the far western region of Xinjiang, Xi said he wanted degree holders to “contribute more to the (Chinese Communist) Party, the motherland and the people.”Coveted jobs in “the system” can provide security, status and help getting a more desirable “hukou,” a residential permit linked to access to local public services.”Nothing is more important than stability,” said Joanna Yu, an applicant for the civil service examination in Shandong province.Jiang Zhenxin, who graduated this year, will spend two years working in county-level government in southern Guangdong province.”As a Party member, working in the municipal committee is a way to serve the people,” said Jiang.But the bureaucratic life is not as comfortable as it used to be. Previous perks like gifts from local businesses have been cracked down on amid a years-long anti-corruption campaign.And advancement for ambitious cadres has also slowed, likely to better protect the middle-aged officials who are key supporters of Xi, said Jerome Doyon, a lecturer at Oxford University.”Now is not an ideal time to be a young official in China,” he said. Topics : Graduates, who generally enter the workforce in June or July, face a “severe” situation, officials have said. Available positions for them in the recent pre-graduation spring recruiting season fell by 22% on year, according to BOSS Zhipin Research.While China’s GDP bounced back into growth in the second quarter, surveyed unemployment of graduates aged 20-24 was more than three times the rate for the broader population, rising to 19.3% in June, 2.1 percentage points higher than May.State-owned enterprises, local governments, and public institutions, known collectively as “the system”, are responding to Xi’s call.Oil giant Sinopec Corp is more than doubling its 2020 recruitment numbers, with an additional 3,500 positions for new graduates. China’s thousands of state-owned enterprises, local governments, and public institutions are expanding hiring as a record number of students graduate into a job market left reeling by the COVID-19 pandemic.Around 8.7 million Chinese students are graduating this year, almost half a million more than last year, heading into an uncertain future as private firms rein in recruitment.Job stability for the young is a longstanding political concern in China. President Xi Jinping, who has previously warned that struggling graduates could “turn into negative energy,” is urging more hiring.last_img read more

first_imgBrian Mikkelsen, minister for industry, business and financial affairs, said: “The first loan will be granted as early as this month, and now we are looking forward to the money being put to work in agriculture, which needs new investment to increase effectiveness and boost earnings.”The fund was already in contact with many farmers regarding loans, according to the ministry.Since the new financing vehicle was targeted at farmers who need new investment, but who already have high levels of debt, the new fund is offering subordinated loans that are non-callable by Danish Agricultural Capital. This means that mortgage and banking institutions will be able to treat the investment loans as if they were equity, the ministry said.Individual loans are expected to be for typically DKK5m to DKK10m, for terms of up to eight years and at an individually-determined rate of interest.Between 100 and 200 farms, across sub-sectors, are expected to get loans from Danish Agricultural Capital over the next few years, the ministry said. Four of Denmark’s biggest labour-market pension funds have agreed to invest DKK500m (€67.2m) in a state-backed fund to lend money to the country’s farming businesses.The Danish Ministry for Industry, Business and Financial Affairs is launching the fund, Danish Agricultural Capital (Dansk Landbrugskapital), and investing DKK500m alongside the pension funds via the Danish Growth Fund (Vækstfonden) — a state investment fund set up in 1992.The giant DKK759bn labour-market supplementary pension fund ATP, social and healthcare pension fund administrator PKA, PensionDanmark and Industriens Pension have each committed DKK125bn to the fund.Torben Möger Pedersen, chief executive of PensionDanmark, said: “PensionDanmark and the other investors putting money into the new fund can get a reasonable return and at the same time help deliver financing to skilled farmers who have the courage to invest in their businesses. We will contribute to growth and employment in exactly those areas of Denmark where they are most needed,” he said.last_img read more

first_imgFrench tidal energy company Sabella has started new set of tests on its D10 tidal energy turbine ahead of its deployment off France planned for August at the earliest.The equipment of the D10 tidal turbine, whose rated capacity reaches up to 1MW, is currently put to functional electrical tests, that will be followed with the final assembly, according to Sabella.The assembly, that will include welding of the nacelle and blade installation, among other activities, will take place together with offshore commissioning tests on a load bank.According to the developer, the target is to prepare the turbine for deployment back to its foundations in the Fromveur Passage, off Ushant island, by the end of summer – in August, or September 2018.To remind, the original plans to redeploy the D10 tidal turbine for the second round of sea trials – scheduled for 2017 – have been pushed back to this year to conduct ‘additional works … absolutely necessary in the learning and maturation process of such cutting-edge energy solutions’, Sabella said earlier.The work is being done as part of the optimization process for the turbine ahead of its three-year deployment, for which Sabella secured the permit from French authorities.“As we identified the conversion as a weak point but absolutely necessary in future multi devices arrays – possibility to gather production of several turbines to export through only one cable to the shore – we have implemented a full redundancy for this second trial period,” said Jean-Christophe Allo, Business Development Manager for Sabella.Sabella’s D10 turbine has a rotor diameter of 10 meters, and is 17 meters tall with the weight of around 400 tons. During its 2015-2016 deployment off Ushant island, the turbine successfully fed clean electricity to the French national power grid.last_img read more

first_imgDjibouti Ports and Free Zones Authority (DFPZA) stood up against DP World’s claims that the opening of the Chinese-built Djibouti International Free Trade Zone (DIFTZ) was against the port operator’s exclusive contractual rights.The duo has embroiled in a dispute over concession agreement for the Doraleh Container Terminal (DTC) since February this year after Djibouti terminated DP World’s concession contract for the operation of the terminal.The first phase of the 240-hectare trade zone was opened earlier this month and once fully operational it will become Africa’s biggest free trade zone hosting dozens of companies.DP World insists that with the opening the Djibouti Government is “violating its contractual obligations and the rights of foreign investors.” On the other hand, DFPZA insists that the free trade zone is fully in line with international laws and standards and that it does not violate DP World’s contractual rights in any way. “DPFZA deeply regrets the repeated, misleading comments from DP World. DP World seems to be engaged in a sustained but futile campaign to misrepresent the facts. DP World’s stubborn behaviour and attitude towards Djibouti, including its attempt at rent-seeking in regard to the operation of DCT, has had no place on the African continent since the end of colonization,” Aboubaker Omar Hadi, Chairman of DPFZA, said.“It should be recalled that DP World did not exist outside of Dubai before its agreement with Djibouti in 2000, which was its first deal outside of its home territory. Dubai Ports International was only created at that time, whereas Djibouti has been managing ports for many years due to its highly strategic location and long history as a maritime nation.”“Djibouti remains committed to undertaking fair business partnerships with companies from around the world. The recent opening of the DIFTZ shows Djibouti is becoming a leading investment destination in Africa and for Africa,” DPFZA statement reads.last_img read more

first_imgCoquitlam actor Logan Williams, star of TV’s The Flash, died of fentanyl overdoseVancouver Sun 17 May 2020Family First Comment: A tragedy. “Williams was best known for playing young Barry Allen on the DC superhero series The Flash…. just one week shy of his 17th birthday. Marlyse Williams told the Post that her son started smoking marijuana at 13 and then moved on to harder drugs.”How many tragedies before we realise that DrugFree is the only option.The mother of Logan Williams says drugs claimed the life of the teen actor last month.The Coquitlam native, whose TV credits included roles on Supernatural and When Calls the Heart, died on April 2, just one week shy of his 17th birthday.In an interview with New York Post, Marlyse Williams said preliminary toxicology results indicate that Logan died of a fentanyl overdose, following a three-year struggle with addiction.“His death is not going to be in vain,” Marlyse Williams told the Post. “He’s going to help a lot of people down the road.”Williams was best known for playing young Barry Allen on the DC superhero series The Flash.READ MORE: up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

first_imgLots of area Sporting Events will be taking place this Weekend (June 6-7).Boys Golf Sectionals @ Greensburg Country Club on Friday (6-6)Most of our area teams will be competing.Girls Track State Finals @ IU-Bloomington on Friday (6-6)Batesville-Ginny Westerfeld in the 100 and 200 Meter Dash, Kim Tidman in the Long Jump and our 4 x 100 Meter Relay Team of Ginny Westerfeld, Kim Tidman, Sophie Meadows and Michaela Westerfeld.Oldenburg Academy-Meredith Maier in The 800 Meter Run and Kirsten Ricke in the 300 Meter Hurdles.East Central-The 4 x 100 Meter Relay Team of Kelli Cartuyvelles, Olivia Fette, Hannah Patton, and Kendall Gindling.Boys Track State Finals @ IU-Bloomington on Saturday (6-7)East Central-Cade Kneuven in the 100 & 200 Meter Dashes and Nathan Corn for The Pole Vault.Rising Sun-Austin Martin in The High Jump.Girls Individual Tennis Regionals @ Carmel on Saturday (6-7)Batesville’s Kelli Hartman and Brooke Bradford will play MacKenzie Lord and Shivali Rao of Brebeuf Jesuit starting around 10 AM.Oldenburg Academy’s Sarah Wilder will play in The Singles Tourney against Nicloe Weisman of Brownsburg starting around 10 AM.Baseball Regionals on Saturday (6-7)Class 3A @ Jasper. Batesville vs. Gibson Southern starting at 11 AM.Class 1A @ Morristown. Jac-Cen-Del vs. Indy Lutheran starting at 12:30.Softball Semi-States on Saturday (6-7)Class 3A @ Brown County. South Dearborn vs. Gibson Southern starting at 11 AM.Class 1A @ North Daviess. Rising Sun vs. North Daviess starting at 1.last_img read more

first_imgThis May will mark the 100th year of the Indianapolis 500.  The historians are searching the archives for the greatest race in the long and storied history of the “greatest spectacle in racing”.  After a lot of discussion, most agree that 1967 had to be the best year.  It is ironic because it almost split the 100 years right down the middle.In this race you had A.J. Foyt, Mario Andretti, Parnelli Jones, Al and Bobby Unser, Johnny Rutherford, Dan Gurney, and Gordon Johncock.  All of these were considered American drivers.  The foreign list included Jim Clark, Jackie Stewart, and Graham Hill.Unless you are a die-hard fan of the Indy 500, I would doubt you could come up with a list that would match the group listed above from today’s race drivers.  Almost all of these drivers won one or more races at the Brickyard.  By the way, A.J. Foyt was the winner of that historic race in 1967.last_img read more

first_imgPierce Thomas of Brownsburg East Middle School shocked the track world when he long jumped 24 ft. 11 1/4 in. in a middle school meet against Avon.  This is less than 3 inches from the state high school record.  On his next attempt he jumped over 25 ft. 7 in., but it was called a scratch.  According to Thomas he had too much speed on that one.  To give you an idea of how extraordinary this is, Batesville’s record is 22 ft. 11 1/2 inches set by Jason Weisenbach more than 20 years ago!  We at Batesville thought that was pretty phenomenal.Pierce said he comes from a family of jumpers.  His grandpa and his grandpa’s brother were collegiate jumpers at Northern Iowa and Iowa State Universities respectively.  Even though he has all of this skill in track, his first love is basketball.  He is already being sought by the likes of Notre Dame and Purdue. Watch for the name–Pierce Thomas!last_img read more

first_imgBarbara G. Heidlage, age 96 of Batesville, died Friday, November 16, 2018 at Margaret Mary Health.  Born December 23, 1921 in Batesville, she is the daughter of Marie (Nee: Ollier) and Clarence Kerker Sr.  She married Carl Heidlage May 29, 1943 at St. Louis Church and he preceded her in death July 5, 1973.  A homemaker, she worked 10 years at the St. Louis School cafeteria.Family was important to the Kerker’s.  Barb and her siblings met monthly for lunch or dinner.  She also loved to entertain and cook for family.  An excellent cook, they shared she was an even better baker and her treats will be missed.  Barb’s faith was important to her and she prayed the rosary and Novena’s daily.  A favorite hobby was making sequined Christmas ornaments that she gave to family and friends.  She collected angels and dolls and her family teased that in later years she became a fan of the Home Shopping Network.  She also liked to travel which included trips to Europe and Hawaii.  In their younger years, Barb and Carl loved to go dancing weekly.Barb is survived by daughter and son-in-law’s Sue and Wayne Stearns of New Albany, Indiana, Becky and Bill Mitchell of Lexington Park, Maryland; son and daughter-in-law Robert and Carla Heidlage of Batesville; sister Betty Waters of Cincinnati, Ohio; six grandchildren; thirteen great grandchildren and one great great grandchild.  In addition to her husband and parents, she is also preceded in death by sisters Rosemary Holtel, Rita Goldsmith and brothers Jerome, Robert and Clarence Kerker Jr.Visitation is Saturday, November 24th from 9 – 10:30 a.m. at the Weigel Funeral Home.  Funeral services follow at 11 a.m. at St. Louis Church with Rev. Stan Pondo officiating and burial in the church cemetery.  The family requests memorials to the Batesville Food Pantry.last_img read more