Budget 2012: The penny drops The federal government will unveil its much-awaited austerity budget on March 29, although Finance Minister Jim Flaherty said those expecting a detailed schedule of spending cuts may be disappointed. Flaherty said Wednesday the budget will not lay out in specifics where the government plans to find between $4 billion and $8 billion in annual savings over the next three years. Vencap industry pleased with $500 million support in 2012 budget Keywords Budget 2012 Related news “There’s not going to be intricate detail,” he told reporters in Ottawa. “But there’ll be enough information that it’ll be comprehensible, that it will describe what we’re doing in terms of the deficit reduction action plan, and much more than that, this is a jobs and growth budget.” The end of March date is later than usual for a federal budget, but Flaherty had long signalled he wanted a clearer picture of how the European debt crisis might impact Canada’s economy before tabling the blueprint for the upcoming fiscal year. As well, the Harper government has been battling a constant barrage of criticism over its plans to cut programs and tackle Old Age Security in an effort to limit the cost of elderly benefits as the baby boomer generation moves to retirement. Public sector unions have scheduled a “day of action” for Thursday to protest what they warn could be the elimination of 100,000 jobs across the country. “Some of the numbers I’ve read from some of the public service unions are outrageous,” Flaherty responded. However, he added that the public sector had been “protected” during the recession, so it was “realistic … that we ask the public service to participate in the belt-tightening.” On Tuesday, Foreign Affairs Minister John Baird told an Ottawa newspaper that estimates of as many as 25,000 public service jobs vanishing in the capital region due to austerity were a “gross, gross, gross exaggeration.” Reports in Ottawa suggests the budget will call for spending cuts of about $5 billion fully phased in within three years. Flaherty would not say what he has in mind, but called the cuts modest in relation to a $265 billion budget. “We’re talking about relatively small spending reductions. If you want to look at big austerity programs, you go to the United Kingdom today, you go to Canada in 1995, 1996. This is not in that order of magnitude.” The 2012-13 budget comes amid a recent flurry of mildly encouraging economic news, suggesting that the gloom that permeated November’s fall update with the doubling of a risk premium for downside surprises in Europe has abated somewhat. Flaherty has invited the country’s leading economists to Ottawa in the first week of March to give him the most recent outlook for the economy. Recent interviews with several suggest their outlook won’t be much different from November’s 2.1% growth projection for 2012, but that they will turn down the temperature on risk. They will likely also tell Flaherty that government revenues may be bigger than expected given the continued strength of commodity prices, including oil, which is again well over US$100 a barrel. High commodity prices improve Canada’s terms of trade and give a net boost to corporate profits. Flaherty got some good news last week when the Finance Department reported the monthly deficit fell to $353 million in December, from $1.35 billion a year earlier. The December data put Ottawa about $10 billion ahead of pace for the first nine months of the fiscal year compared to the previous year. Some analysts calculate this year’s fiscal deficit could come in as low as $26 billion — or $5 billion below the fall update’s estimate — putting Ottawa in position to get back to balance one year earlier than projected, in 2014-15. Flaherty said he believes the government books are still essentially in the same position as they was in November, although he added “it’s possible we’ll do a bit better.” Share this article and your comments with peers on social media Facebook LinkedIn Twitter Julian Beltrame Mint strikes last penny
Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Related Items:Barca Lassa, Pick Szeged ShareTweetShareShareEmail ShareTweetShareShareEmailComments Barcelona Lassa beat MOL Pick Szeged 30:28 to conclude successfully the first part of the VELUX EHF Champions League 2019/2020.It was just a question of position of Hungarian vice-champions at the end of the Group.They ended third which means handball fans will witness replay of the last year TOP 8 between MOL Pick Szeged and RK Vardar Skopje.30 – FC Barcelona: Möller (Pérez de Vargas); Tomás (2), Mem (1), Fábregas (4), Cindric (7), Palmarsson (2), Ariño (1; Dolenec (7,5p), Thiagus Petrus, Raúl Entrerríos (3), Áleix Gómez, Sorhaindo, N’ Guessan (2) y Mortensen (1).28 – Pick Szeged: Alilovic (1) (Mikler); Sostaric (1), Maqueda (5), Banhidi (3), Bombac (2), Henigman (1), Kallman; Bodó (7), Gaber, Joan Cañellas (1), Radivojevic (1), Sigurmannsson (4p) y Kasaprek (2). STANDING:1.Barcelona 141301485:380262.Paris SG 131003407:363203.Szeged 14923409:370204.Flensburg-H. 14716388:379155.Aalborg 13616386:392136.Celje143011355:42967.PPD Zagreb132110317:38258.Elverum131111337:3893 Cedric Sorhaindo to stay at Barca Lassa Recommended for you Click to comment FC Barcelona Handball confirm four-years deal with Luis Frade Barca Lassa present Haniel Langaro
The Supreme Court of South Africa has overturned the High Court ruling that granted the right to die to a terminally ill cancer patient.In a previous ruling, the Pretoria High Court had last year ruled in favor of a patient, to have the right to die with dignity, with the help of a doctor. The patient, 65 year old Robin Stransham Ford, however, succumbed to cancer before the court made its ruling.The High Courts’ decision which was appealed by the State, involved the Ministry of Justice and Correctional Services, Ministry of Health and the Health Professionals Council of South Africa as well as the Director of Public Prosecutions.“Our argument has always been that the right to life is enshrined in our constitution and equally, doctors took an oath to save and preserve life, not to end it,” explained Mthunzi Mhaga, spokesman for the Department of Justice and Correctional Services.The government however maintains that such a law would be exploited as it lacked a legal framework that would help regulate decisions in matters of life and death.The right to die is a moral principle based on the belief that a human being is entitled to end their own life or to undergo voluntary euthanasia.
“This definitely exceeded our expectations,” head coach Andrew Hancock said. “Our plan was just to try and go and hang out, and I’m not sure I really paid attention to the scoreboard until recently, and we ended up in sixth. We can’t ask for more than that, we’re extremely pleased. It’s a team effort, every single person who came with us contributed to this, and we really proud of the group.” DAY 4 RESULTS | FULL CHAMPIONSHIP RESULTS Amaral was not the only UWF diver to score for on Saturday night, as Cantonment, Florida, native Mariah Constantakos earned All-America honorable mention honors by coming in 14th place. The event marked the first All-America nod for the sophomore scored a 388.75 in the preliminary session. The 400 Free Relay team wrapped things up on Saturday with a fourth-place finish. Michalak led off with a 49.07 in her 100-yard leg, and she was followed by junior Danica Burnett, freshman Taby Read-Cayton and senior Rebecca Halfast. The sixth-place finish ties UWF’s finish from last season and ties the program-best at the NCAA Championships. Madeline Pitt began the night for UWF with an 11th-place finish in the 1,650 Free. Pitt is now an eight-time All-American and has earned All-America honors in the 1,650 Free in each of her three collegiate seasons. “It doesn’t get old watching great swimmers swim fast or great divers dive well, and it’s even more fun when they compete for you,” Hancock said. “Theresa and Monica both, I think have a similar story when they came to UWF. I think the thing we’ve been able to do for them is help them find the love in their sport again, and there’s no doubt in my mind that that’s the key to their success. We’re really pleased to be able to help them in that journey, we thank them for everything they’ve done, and we can’t wait to see what happens to them once they move on from UWF.” UWF’s six national titles this week were the most for any team at the meet. West Florida ended the meet with 22 All-Americans, 6 national champions and 2 student-athletes of the year in Amaral and Michalak. All nine student-athletes who advanced into the meet scored points for UWF and helped the team outscore Wayne State and West Chester, which were close behind the Argonauts with 189 and 188 points, respectively. BIRMINGHAM, Ala. – Saturday marked a historic night for the University of West Florida swimming and diving program. UWF saw Theresa Michalak and Monica Amaral each win another national championship and earn the CSCAA Swimmer of the Year and CSCAA Diver of the Year honors, respectively, and the team matched its sixth-place finish from last year, with 201 points. “I’ve never felt this way, I was never so happy after having so many events,” Michalak said. “I’m the happiest swimmer in life now. I never imagined I could win all the swims I was supposed to swim in. I had the greatest week, and I don’t want to trade it for anything.” Michalak’s 100 Free was the second event of the night and she claimed her fourth national championship of the week, with her third NCAA DII record. The German national’s 48.44 in the event bested the field by nearly a full second and set school and national records. Alexis Divelbiss from Wingate held close after the first 75 yards, but like on Friday, Michalak went full-boar in the last 25 and left the rest of the field far behind. Because of the scoring style of NCAA diving meets, Amaral actually led going into the finals session, holding a nine-point lead over the field. She used that nine-point gap to her advantage and knocked out multiple 50-plus point dives in her final six to take the national championship. Northern Michigan freshman Angela Probstfeld stuck close to Amaral and won the preliminary session. Amaral pulled away after three dives, with back-to-back 50-plus-pointers while Probstfeld scored just a 33 on her third dive. Amaral essentially clinched the title on her fifth dive – an Inward 2 ½ Somersault Tuck that scored her a 55.35 and extended her lead to 21 points. “I think (the 100 Free) was my toughest, for sure,” Michalak said. “I knew I could win the event because I was first in the prelim, so I really put everything I had into the last race, because it could be my last race ever. I put all my emotions, everything I had to do for the last few months to get there, I put it in there.” Amaral earned Diver of the Year after sweeping this year’s two diving events. She capped off the sweep on Saturday evening with a 505.20 in the 3-meter, just six points away from a national record. She struggled a bit in Saturday’s preliminary session, dropping as low as seventh after the fifth of 11 rounds. The Brazilian and four-time national champion had no trouble bouncing back for the final six rounds of that prelim, however, and jumped into a second-place finish prior to the final. With her performance in the 100 Free and the 400 Free Relay on Saturday, Michalak lifted her career total to 14 All-America honors, which is the second-most in UWF history. Michalak is the 14th swimmer in NCAA DII history to win four individual national titles in a single NCAA Championships meet, the last being Patricia Castro-Ortega from Queens last year and in 2015. It was Castro-Ortega’s record in the 100 Free that Michalak broke on Saturday. “Every year it’s tough, but I think we forget how tough it really is,” Amaral said. “I think after (the prelim), I said ‘Ok, I need to calm down.’ I had to trust what I did the rest of the year, not just today. It’s nationals, you can’t commit mistakes. The girls are just waiting for you to do something wrong. I knew they were strong.” #ARGOS#Print Friendly Version
Girls Golf: Granite Ridge Conference Meet1) Cathedral(Lucy Gaetz shot a 41 to lead Crusader golfers)Boys Golf:CLC Meet at Pebble Lake in Fergus Falls1) Fergus Falls2) Tech6) Sartell-St. Stephen7) Sauk Rapids-Rice8) Rocori9) Apollo(Tech’s Ian Hiltner shot a 73 and finished in 2nd place individually)Granite Ridge Conference Meet @ Little Falls1) Zimmerman2) Cathedral(Peter Spethman and Sam Labine each shot a 41 for the Crusaders) Auto (360p) About Connatix V56892 1080p HD 1/1 720p HD Visit Advertiser website GO TO PAGE Skip 360p About Connatix V56892
Sign up to our newsletter! Juergen Stark, CEO of Turtle Beach said the following in a statement: “This is a significant step as we continue growing our global esports presence by partnering with more top teams in key international markets, and we’re thrilled that prominent organizations like Tainted Minds continue to choose the Elite Pro. Tainted Minds are a force to be reckoned with, in Australia and increasingly around the world, and we’re happy to provide them with the best gaming audio gear available to help them build upon their successes.”Tainted Minds currently competes in titles such as Call of Duty, Counter-Strike: Global Offensive, Fortnite, Rocket League, PlayerUnknown’s Battlegrounds, and FIFA.Nick Bobir, CEO of Tainted Minds added: “We’re extremely excited to be working alongside Turtle Beach, one of the most recognizable brands in the video game industry and a leader in performance-driven esports equipment.Turtle Beach not only supports our professional teams and content creators but also shares our same level of passion for gaming and esports, we’re looking forward to working together through 2018 and beyond.”The Australian organisation is also sponsored by the likes of Lenovo, ZOWIE, Scuf Gaming, and ZQ Racing. Recently the team also arranged a deal with Melbourne-based watch brand UNCLE JACK for some giveaways on social media, so we can likely expect more on this front in future.Esports Insider says: Turtle Beach is a mainstay in competitive gaming and it’s good to see it support an Australian organisation – typically teams from that region don’t get the same kind of exposure and opportunities as popular North American sides, for example. Australian esports organisation Tainted Minds has entered a partnership with gaming headset and audio accessory brand Turtle Beach.As part of this deal, players who compete for Tainted Minds will wear Turtle Beach’s Elite Pro range of audio equipment when training and competing.