Dow Executive Appointed to Zep Inc. Board

first_imgATLANTA – Zep Inc. has announced that Carol Williams was elected to the company’s board of directors at its Annual Meeting of Stockholders held Jan. 10.   Williams, who was elected to the class of directors whose terms expire at the 2015 annual meeting, is the executive vice president of manufacturing and engineering at The Dow Chemical Co.   “We are pleased to have such an experienced executive from the chemical industry join our board of directors,” said John Morgan, chairman, president and CEO of Zep Inc. “Carol’s extensive background in chemical engineering, manufacturing and innovation will bring valuable contributions to the execution of the strategic plan for our company going forward.”   Williams’ career at Dow began in 1980, and since that time, she has served in a variety of executive positions, including corporate vice president of market facing, business development and licensing portfolio; senior vice president of basic chemicals; and president of chemicals and energy. She assumed her current position at Dow in September 2011, and is also a member of Dow Chemical’s Executive Leadership Committee and Strategy Board.   In addition to Williams’ election, the company’s stockholders re-elected O. B. Grayson Hall Jr. to the class of directors whose terms expire at the 2015 annual meeting. Stockholders also approved the company’s executive compensation programs, recommended that the company annually submit its executive compensation plans to stockholders, and ratified the appointment of Ernst & Young, LLP as the company’s independent auditors for fiscal year 2012.   Zep also announced that the board of directors has declared a quarterly cash dividend of 4 cents per common share payable Feb. 1 to stockholders of record on Jan. 23.     AdvertisementClick Here to Read MoreAdvertisementlast_img read more

Investment activity on eastern City fringe

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IPF publishes updated guide for financial advisers

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Air floats salon blow dry bars

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CARICOM/USA Relations: What of CBI?

first_img Relations within the Western Hemisphere: an uneasy alliance As CBERA/CBPTA provide non-reciprocal market access to a limited number of countries, in the World Trade Organization (WTO), it requires a waiver from the Most Favoured Nation (MFN) principle. The current waiver sought by the USA in 2014 will expire on 31 December 2019. Sep 16, 2020 Oct 7, 2020 I would expect the CARICOM Secretariat, other CARICOM Member States, including Jamaica, and interested parties, such as Caribbean private sector bodies, to make written submissions to ensure that their views on the benefits are filed supporting their advocacy for the extension of the CBPTA and a new MFN waiver at the WTO. The CBERA/CBTPA Extension Bill You will also recall that a bipartisan Bill to extend the CBTPA and its provisions to September 2030 was introduced in the US Congress in February. It was referred to the House Ways and Means Committee where it remains. It does not appear to be high on the Congress’ agenda. I would hope that consideration of the CBERA/CBTPA extension Bill in Congress could be completed by September.  This would mean that it has to pass the House and Senate and be signed into law by the President. Should this happen, the US would then be able to present a request in the WTO for a new MFN waiver. This could be considered at a scheduled meeting of the Council for Trade in Goods in October or November and, if adopted, would go to the December Meeting of the General Council for adoption. September is only four months away. Caribbean-American Heritage Month June in the USA is designated Caribbean-American Heritage Month. It was first proclaimed in 2006 under President George W. Bush.  President Trump signed the 2019 Proclamation.  During this month, Americans of Caribbean heritage and permanent residents from the Caribbean are recognized for their contribution to the country. It also provides an opportunity to highlight issues of interest to the region, the US’ third border. Caribbean American Legislative Week will be held June 3-7 and on June 5, the focus should be on CBERA/CBPTA and the US/Caribbean Strategic Engagement Act and its Strategy when legislative briefings will be held at the Congress on Capitol Hill. The Washington based Institute of Caribbean Studies is providing valuable support. The support of Caribbean Central America Action (CCAA), which has closed, will be missed. Hopefully, the Caribbean is taking the opportunity of this Month to accelerate its lobbying efforts in Washington DC in support of the extension of the CBERA/CBPTA. The regional private sector should be actively involved. This will provide further support to work already being done by the CARICOM Caucus of Ambassadors in Washington DC. I believe trade issues were mentioned when a group of CARICOM Heads met with President Trump in March. Submitted by Elizabeth Morgan, Specialist in International Trade Policy and International Politics Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… US/CARICOM TIC I understand that the US/CARICOM Trade and Investment Council (TIC), operating under the 2013 US/CARICOM Trade and Investment Framework Agreement (TIFA), will be meeting, June 6-7, in Miami, Florida. CBERA/CBPTA and the US/Caribbean Strategic Engagement Act and Strategy should be on the agenda. I noted that the 2019 US/Caribbean Business Conference organized by the US Commercial Services and Florida bodies will also be held in Miami, June 5-6. It was sold out. CARICOM is a lucrative market for US goods exports which were valued at US$13.3 billion in 2018.  CBTPA extension should also be raised at this Conference. It seems the TIC was organized to coincide with it. If the CBPTA extension Bill cannot be adopted by September, the Caribbean will be hoping that the USTR is amenable to seeking an MFN waiver at the WTO for the existing CBERA/CBPTA bearing in mind that it expires in September 2020. This CBI regime, at this point, remains of benefit to Caribbean exporters into the US market. Evidently, there is a significant imbalance in US/CARICOM trade. Oct 1, 2020 Trade-in-Services and Technology: More missed opportunities… You may be interested in… What has been CARICOM’s Foreign Trade Strategy and Agenda? Trade in Services – For CARICOM, Tourism dominates By Elizabeth Morgan, Specialist in International Trade Policy and International Politics You will recall from previous articles that the Caribbean Basin Initiative (CBI) comprises the Caribbean Basin Economic Recovery Act (CBERA) and the Caribbean Basin Trade Partnership Act (CBPTA). CBERA’s duration is indefinite, but CBPTA, which amends provisions of CBERA, will expire on 30 September 2020 and would need to be extended. CBERA/CBPTA, which are US legislation, allow the now mainly Caribbean beneficiary countries, including Jamaica, to export goods to the US duty free. The USA is the principal trading partner of all Caribbean Community (CARICOM) Member States and has a significant merchandise trade surplus with the region, which was US$7.1 billion in 2018 from US Census statistics. Of CARICOM’s total exports to the USA in 2018, valuing US$ 6.2 billion, US$1.5 billion entered under CBERA/CBPTA. US ITC Biennial Report Note that regular reports are required on performance and compliance under CBERA/CBPTA; under the WTO waiver decision, by the US Trade Representative (USTR) under CBERA Section 212, and by the US International Trade Commission (ITC) under CBERA Section 215. The US ITC’s 24th  biennial report to the Congress and President on the impact of CBERA on US industries and consumers and the economies of beneficiary States is now due by September 30, 2019. A public hearing, in which the Ambassador of Antigua and Barbuda to the USA, Sir Ronald Sanders, participated, was held on May 14 and written submissions are to be provided by June 3. Oct 14, 2020 US/CARICOM Trade: Caribbean support required for Bill to extend Caribbean Basin Initiative (CBI)By Elizabeth Morgan Countries of the Caribbean Community (CARICOM) continue to export goods to the USA under the Caribbean Basin Initiative (CBI) comprising the 1983/1990 Caribbean Basin Economic Recovery Act (CBERA) and the 2000 Caribbean Basin Trade Partnership Act (CBTPA), which grant duty free access to the US market for…February 20, 2019In “Featured”US/CARICOM Relations: WTO CBI waiver secured, but …By Elizabeth Morgan The US request for the Most Favoured Nation (MFN) waiver for the Caribbean Basin Initiative (CBI) was approved at the General Council Meeting of the World Trade Organization (WTO) held October 15-16. The CBI comprises the Caribbean Basin Economic Recovery Act (CBERA) and the Caribbean Basin Trade…October 30, 2019In “Business”CARICOM/US Relations: a chequered trade historyBy Elizabeth Morgan British colony and Independent Republic Besides the United Kingdom (UK/Britain), the United States of America (USA) is the oldest trading partner of the British West Indies (BWI)/Commonwealth Caribbean/Caribbean Community (CARICOM) countries. The American territories, which would become the USA, were British colonies from 1607 until 1776 following…June 13, 2019In “Indepth”Share this on WhatsApplast_img read more

Building society raises fears of conveyancing panel cull

first_imgFears that small firms and sole practitioners might be culled from another conveyancing panel were raised last week when a conveyancer had a transaction cancelled without being told he had been struck off a building society panel.Tariq Phillips, head of property at Harlow and Norwich firm LD Law, said he was cut from Bristol & West building society’s conveyancing panel with no prior warning. Phillips said Bristol & West cancelled an in-progress transaction at the last minute as a result of the firm being dropped.A spokeswoman for Bristol & West’s parent company, Bank of Ireland, said that an ‘error’ had occurred, but declined to comment further on Phillips’ situation. The spokeswoman said Bristol & West has a rolling policy of removing solicitors from its panel if they make no transactions for 12 to 18 months. She declined to comment when asked how many solicitors had been removed from the panel in the past six months.Phillips said the firm’s inability to carry out regular business is a natural consequence of a difficult property market. He said that, following phone calls, the cancelled transaction was allowed to go through, but he said the interruption might have cost buyer and seller money and harmed his firm’s reputation.The Bank of Ireland spokeswoman said that around 7,000 law firm offices are on the Bristol & West panel. She said the rolling policy is used to keep numbers at a ‘manageable level’.Meanwhile, the Law Society is continuing in its attempts to reinstate a ‘small number’ of firms that have not been put back on Abbey’s conveyancing panel. The Society said it has urged Abbey to reinstate these firms ‘as agreed, as a matter of urgency’ while Abbey obtains additional information from the firms concerned.In March, Abbey cut the number of law firm offices on its panel from 12,000 to 6,050, but later reinstated hundreds of firms that had existing or planned instructions (see [2009] Gazette 26 March, 1).last_img read more

ALE secures expansion credit

first_imgALE is one of the world’s largest heavy lifting and transportation firms. The firm caters for lifting, transporting, installing, ballasting, jacking and weighing very heavy loads, typically in excess of 300 tonnes.According to ALE the undisclosed refinance package provides the group with a material increase in both revolving credit and bonding facilities to support the continued growth of the business.Malachy McDonnell, group finance director of ALE, commented: “I appreciate the support of our banking group. The additional liquidity will help us to deliver on our strategic objectives.” www.ale-heavylift.comlast_img read more

Enerpac adds gantry upgrade

first_imgThe gantry has been tested to 120 percent of its capacity at full extension and witness tested by a qualified third party organisation, said Enerpac.It can be operated locally at each of the gantry’s four legs or using the Intellilift remote control. The wireless system ensures automatic synchronisation of lifting with accuracy of 1 inch (25,4 mm) and automatic synchronisation of travel with accuracy of 0.60 inch (15 mm).Equipped with two-stage lifting cylinders, the SBL900 system can handle up to 667 tons (605 tonnes) at the top of the second stage.”Providing a more advanced solution than standard lifting systems, the SBL900 hydraulic gantry offers unique features such as a wireless control system and integrated self-propelled drive system,” said Peter Crisci at Enerpac.The new gantry also features an octagonal boom with added strength for increased capacity and lifting height, and a foldable boom, which Enerpac says enables easy transport and setup. www.enerpac.comlast_img read more

IP law must get to grips with creative computers – SC justice

first_imgIntellectual property law may need to be revised to catch up with the arrival of innovative products and works of art created by computers, a Supreme Court justice has said. ‘The law may be a little way behind the technology,’ Lord Kitchin (David Kitchin QC) told IP specialists in London this week. ‘But time and time again, law makers have met challenges such as these. Now is the time to do so for AI.’The creation of seemingly original and creative works by AI is now reality, Lord Kitchin said, citing last year’s record-breaking sale of a computer-generated painting. ‘Portrait of Edmond Belamy’ fetched $432,000 at Christie’s in New York. ‘Has the time come to accept that modern computers and algorithms can introduce any necessary element of originality which merits [copyright] protection?’ Lord Kitchin asked. ‘Is there an absurdity in distinguishing between the protectability of the “Portrait of Edmond Belamy” and traditional work of lesser artistic interest?’AI also has implications for patent law, Lord Kitchin said. He noted that machine-learning programs which mimic the neural networks of the human brain are ‘increasingly capable of generating new and interesting ideas for themselves’. An immediate question is whether the basic building blocks of AI should themselves be patentable. At present computer programs and mathematical models are not patentable ‘as such’; Lord Kitchin suggested it might be time for ‘new approaches’. He asked: ‘Is the exclusion of inventive software still appropriate? If it is, should that exclusion extend to non-obvious advances in the building blocks of AI, irrespective of their application?’ More fundamental questions are raised by inventions created by machines. Today, patent systems are intended to encourage and reward innovation, Lord Kitchin said. ‘Do the same considerations apply to inventions generated by AI? I am not sure that they do. Computers do not respond to rewards or incentives, although maybe one day they will.’last_img read more

VIA Rail fleet to roll on

first_imgCANADA: Inter-city and long-distance passenger trains are to benefit from a C$691·9m funding package unveiled on October 11.Hon Lawrence Cannon, Minister of Transport, Infrastructure & Communities, said ‘we are launching the largest capital program in VIA Rail’s history’. The five-year package will ensure that VIA’s ‘current network and service levels are sustainable into the future’, the ministry said.About 75% of the money will be allocated to rolling stock refurbishment, station modernisation and infrastructure improvements. VIA’s fleet of F40 diesel locomotives will be rebuilt to improve fuel efficiency and reduce emissions, and the LRC cars used on short-distance inter-city services will be refurbished with new interiors. Infrastructure work will alleviate bottlenecks and raise capacity in the Québec – Windsor corridor, leading to better performance and shorter journey times.The package includes C$175·9m of grant towards operations over the next five years, but this will cease once the capital spend has been completed as maintenance costs will be lower. VIA carries around four million passengers a year.last_img read more

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