News / Drewry warns of more slow-steaming and void sailings as carriers absorb capacity

first_imgBy Mike Wackett 16/04/2014 Container supply chain and liner shipping analyst Drewry has calculated that without the combined supply adjustments from slow steaming and the blanked sailings, global container line capacity would have increased by as much as 40% since 2008.This compares with the 22% growth that has actually been made available to the market.As an example of how slow steaming has enabled carriers to absorb capacity, Drewry estimates that on the current 22 weekly westbound Asia-north Europe services, there is a requirement for around 250 vessels, averaging in size at just over 11,000teu. But without slow steaming, each loop would have deployed eight ships instead of the current 11, which means it would have needed 180 ships in the system, 70 fewer vessels than today.Indeed, Drewry has found these tactics meant that last year ocean carriers effectively took out nearly 3m teu of supply – without which, the disastrous financial losses in the sector would have been much worse.Unlike during the height of the global financial crisis – which led to more than 600 containerships being laid-up through the end of 2009 and beginning of 2010 – Drewry said such mothballing was not now an option – carriers prefer to keep vessels trading, even at a loss, so long as they contribute to operating costs.Laying-up is a “last resort” and still carries a considerable expense. Drewry Maritime Research has recorded 196 ships, equivalent to 553,000teu, are currently in lay-up, which represents just 3% of the global fleet.More slow steaming and the selective blanking of sailings is the key carrier strategy this year and beyond. Drewry said the latter was particularly useful to “temporarily inflate load factors” and push utilisation levels to 90% and above, thereby underscoring general rate increases.However, it also argued that this policy, which increases the risk of cargo rollovers during peak periods, “is at times excessive and detrimental to shippers” a view echoed by several major shippers and beneficial cargo owners over the past year.Moreover, Drewry suggested that there was worse in store for shippers with a further 30 ship deliveries of 13,300-19,000teu size due this year.This tide of new tonnage will force carriers to “intensify their efforts”, said Drewry, and it warned: “Shippers should prepare for longer transits and more frequent use of blank voyages.”The analyst’s bleak outlook for shippers was reinforced by Alphaliner executive consultant Tan Hua Joo at the TOC Container Supply Chain event in Singapore last week.He said: “It is all about cost – in their [carriers] quest for cost cuts, it is inevitable that service suffers.“With the formation of large alliances, there is a further commodisation of the industry’s services, and this can lead to port stays that are sometimes extended over days,” he added.last_img read more

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Pharmalot, Pharmalittle: Failure to renew user fees could mean 3,000 FDA layoffs

first_img Pharmalot, Pharmalittle: Failure to renew user fees could mean 3,000 FDA layoffs STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What’s included? Log In | Learn More Alex Hogan/STAT Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED [email protected] @Pharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Ed Silvermancenter_img Hello, everyone, and how are you today? We are doing just fine, thank you, helped along by a shiny sun enveloping the quiet Pharmalot campus. We are back to our usual routine after ducking out for a talk yesterday and happily ensconced with a cup of stimulation in hand. As always, we invite you to join us. Meanwhile, here are some tidbits as you get ready to watch the FDA confirmation hearing. Hope you have a smashing day and do keep in touch …Representatives from the biotech, device, and generic drug industries told a Senate committee that if the five-year user fee programs are not reauthorized, the FDA would likely see more than 3,000 job cuts, Regulatory Focus reports. The layoffs, which the trade groups worry will slow product reviews and approvals, will occur if Congress and President Trump fail to act before Aug. 1 or the annual congressional summer recess. About the Author Reprints By Ed Silverman April 5, 2017 Reprints What is it? Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. GET STARTED Pharmalot Tags FDApharmaceuticalsSTAT+last_img read more

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From Clinton’s cabinet to Congress: Donna Shalala talks Obamacare, prescription drug ads, and importation

first_img [email protected] Politics What’s included? @NicholasFlorko About the Author Reprints From Clinton’s cabinet to Congress: Donna Shalala talks Obamacare, prescription drug ads, and importation Nicholas Florko Log In | Learn More Unlock this article — plus daily intelligence on Capitol Hill and the life sciences industry — by subscribing to STAT+. First 30 days free. GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.center_img By Nicholas Florko Feb. 4, 2019 Reprints What is it? A version of this story first appeared in D.C. Diagnosis, STAT’s weekly newsletter about the politics and policy of health and medicine. Sign up here to receive it in your inbox.Donna Shalala isn’t the country’s health secretary anymore. Nor is she running a global health foundation worth billions. Tags Congressdrug pricingpolicySTAT+ Rep. Donna Shalala (D-Fla.) Alex Wong/Getty Images Washington Correspondent Nicholas Florko reports on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.” Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. GET STARTEDlast_img read more

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In Pictures: Steady trade at Carlow Mart show and sale

first_imgHome News Farming In Pictures: Steady trade at Carlow Mart show and sale NewsFarming Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community A good day of trade took place at Carlow Mart’s show and sale last Monday with over 280 lots of cattle up for sale.There was a large selection of bullocks and calves, with light numbers of heifers and bulls. There were over 20 lots of cows.A pair of 905kg Charolais bullocks achieved €2030, which was the highest price on the day. While the top weight on the day was a 995kg Belgian Blue.There was a good trade in calves on the day with the average price for a Friesian bull calf being €145, while a Hereford bull calf hit €265 on average.Bullocks were acquiring good prices with a 550kg Limousine bullock reaching an average price of €1390.A 400kg Charolais bull was making €1020 on average while a 370kg Charolais heifer made €960 on average.The prize winners on the day were:  Factory bullock winner – Paddy Doyle, Rathellan, Leighlinbridge, Carlow.Forward Store bullock winner – Jimmy Walsh, Pollerton Little, Carlow.Best Store bullock winner – Hilda Rothwell, Ballycormack, Bagenalstown.Best forward any other breed bullock winner – Jimmy Walsh, Pollerton Little, Carlow.Small Store bullock winner – Sam Thompson, Derrylehan, Ballacolla, Co. Laois.Bull weanling winner – Michael Roche, Banagalole, Old Leighlin Carlow.At the show and Sales day in Carlow Leinster Mart were Saibh and Ceian Mooney from Castlecomer. Photo Roger Jones.Best Factory Bullock. Photo Brian Curran Paddy Doyle owner winning Bullock, Presenting the trophy Ger SmithChairman Leinster Mart. Photo Roger Jones.The winner of the Best Small Store at Carlow Mart Show and Sale. Photo Ger Smith Chairman Leinster Mart, Winning owner Sam Thompson and James Walsh Manager Carlow Mart. Photo Roger Jones.Best Weanling Bull at Carlow Mart Show and Sale . Photo Ger Smith Chairman Leinster Marts, Liam and Michael Roche, James Walsh Manager Carlow Mart. Photo Roger Jones.The winner of the best forward Store bullock. Photo Ger Smith Chairman of the Leinster Mart Carlow presenting the trophy to Hilda Rothwell Bagenalstown, James Walsh Manager Carlow Mart. Photo Roger Jones.Just Happy to be here in the calf sale in Carlow say’s Sean Murphy from Dublin. Photo Roger Jones.Carlow Mart Show and Sales day. At the Calf sales where prices were good and interest was alive and well Photo L/R Orla Dowling, Niall Shore, Allison Dowling having fun with the calves. Photo Roger Jones.SEE ALSO – Investment needed to make Rock of Dunamaise a ‘visitor attraction of national significance’ Twitter Pinterest Community Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook Previous articleWhat’s On at the WeekendNext articleClonaslee man gearing up for League of Ireland campaign with Waterford FC Sean HennessyA former Knockbeg student, and is currently a student in the University of Limerick trying to scrape a BA in History and Politics. A marquee player in the goals for Annanough, but well capable of doing a job in full-forward and has the knack to turn his hand to any sport (except running). Only starting out in his journalistic career but already the specialist farming and property reporter. Happiest when Liverpool and Laois are winning! TAGSCarlow MartShow and Sale Rugby Ten Laois based players named on Leinster rugby U-18 girls squad By Sean Hennessy – 15th February 2018 Pinterest Twitter Five Laois monuments to receive almost €200,000 in government funding WhatsApp WhatsApp In Pictures: Steady trade at Carlow Mart show and salelast_img read more

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Des nouvelles technologies utilisées pour traquer les appels internationaux

first_img North Korea tries to accelerate building of walls and fences along border with China Ordinary Pyongyang residents have not received government rations since mid-April By Choi Song Min – 2015.03.11 9:28am La Corée du Nord utilise des appareils à lapointe de la technologie afin d’améliorer la surveillance et la détection desmobiles et ainsi empêcher que des informations ne soient diffusées hors desfrontières. Plus grave encore, ces nouveaux appareils viennent renforcerl’arsenal répressif déjà particulièrement sévère visant toute personne prise entrain de passer un appel vers l’étranger, un acte strictement interdit par laloi nord-coréenne. Une source du comté de Musan, dans la provincedu Hamgyŏng du Nord, a déclaré à Daily NK ce 5 mars que « les peines pourles appels vers l’étranger ont été renforcées. Une personne interpellée pour lapremière fois se voit infliger de « stricts avertissements », selonles nouvelles mesures, ainsi qu’une amende. Tout récidiviste est condamné à unepeine minimum d’un an de travaux forcés. Les officiels de l’antenne locale duministère de la Sécurité du Peuple (MSP) ont annoncé ces nouvelles mesures lorsdes rassemblements régionaux d’inminban (unités populaires) et dans lesentreprises d’État. Ils ont précisé que quiconque passerait de tels appels versl’étranger serait inévitablement repéré grâce à un système ultradéveloppéd’enregistrement vocal (permettant d’enregistrer tant le contenu que les voixdes participants à la conversation) qui accompagne ces nouveauxappareils. » 30 habitants ont déjà été interpellés.« Le nombre de personnes arrêtées pour avoir passé des appels versl’étranger s’élève à 30 depuis l’annonce de la nouvelle politique pénale »a expliqué la source, qui a ajouté que les récidivistesinterpellés seront certainement envoyés en camp de rééducation et utilisés parle régime comme exemples. Cette action intentée par les autorités est ladernière en date dans la perpétuelle bataille qu’elles mènent pour éradiquerl’usage de téléphones illégaux par des habitants qui mettent au point d’innombrablesmoyens d’éviter ces interdictions. Comme l’a récemment révélé Daily NK, desdétecteurs d’ondes radio de fabrication allemande, et passablement chers, ontété déployés le long des frontières, en remplacement des modèles de fabricationchinoise, afin d’empêcher les riverains de téléphoner vers l’étranger. Cedéploiement s’est accru de façon exponentielle, les détecteurs allemandsremplaçants les antiques modèles chinois sur toute la frontière selon lasource, laquelle a ajouté que « jusqu’à l’année dernière, on pouvait allersur les collines ou dans les villages voisins pour passer un appel, maisdésormais, il faut marcher au moins trois heures dans la montagne afin depouvoir téléphoner. En conséquence, le prix des téléphones mobiles de fabricationchinoise a été multiplié par quatre, passant de 40.000 wons (5 dollars) àenviron 100 yuans. De façon prévisible, les riverainsinsatisfaits expriment leur mécontentement à l’égard de l’État, plus enclin àarrêter ses citoyens qu’à améliorer leurs vies. La source, évoquant dessentiments qu’elle dit être emblématiques de la majorité de la population, aexpliqué que ce ressentiment ne fera qu’exacerber une culture de la corruptiondéjà omniprésente, et conclu en ajoutant que « les gens pointent le fait,de façon sarcastique, que dix soldats ne suffisent déjà pas pour éloigner unseul voleur. Les gens finiront par trouver de nouveaux moyens d’éviter larépression. » RELATED ARTICLESMORE FROM AUTHOR AvatarChoi Song Min News Des nouvelles technologies utilisées pour traquer les appels internationauxcenter_img News SHARE News Facebook Twitter News Hamhung man arrested for corruption while working at a state-run department storelast_img read more

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Manulife licensed to administer PRPPs

Share this article and your comments with peers on social media Great-West Life issued PRPP license Waterloo, Ont.-based Manulife Financial is now licensed to administer federal Pooled Registered Pension Plans, the company announced on Friday. It is the first Canadian company to be issued such a license. The license was issued by the Office of the Superintendent of Financial Institutions (OSFI). This is the first step for Manulife in its goal of introducing its PRPP product to Canadians. Related news Facebook LinkedIn Twitter “I congratulate Manulife on being the first out of the gate to receive official approval to administer PRPPs,” said Kevin Sorenson, minister of state for finance, in a release. “Our government encourages those provinces that haven’t tabled PRPP legislation to do so quickly. All Canadians should be able to take advantage of this new and innovative low-cost savings option. PRPPs will help address a gap in private savings and leave more money in the pockets of savers.” Manulife’s product will be available to all federally regulated businesses across Canada, including the Yukon, Northwest Territories and Nunavut, once it receives final registration from OSFI and the Canada Revenue Agency. In the territories employees of any business can participate in PRPPs. As well, the product will be open to any business in Saskatchewan and Alberta once those provinces have worked out the proper regulations for implementing their own Pooled Registered Pension Plans (PRPP) Act. The Government of Canada finalized the PRPP Act regulations in December 2012. IE Staff Industrial Alliance granted PRPP licence Keywords Pooled Registered Pension PlansCompanies Manulife Financial Corp. PRPPs now available in Nova Scotia read more

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Sprott expands Enhanced Funds lineup

Fidelity Investments unveils new climate-focused fund suite IE Staff “Since joining Sprott in 2012, John Wilson has delivered attractive returns for investors while protecting their investments against downside risk. His approach has resonated with our clients and he is now managing more than $300 million across the Sprott Enhanced Funds,” said James Fox, president of Sprott Asset Management, in a release. “The Sprott Enhanced Balanced Class is the latest addition to this product line and will offer investors another tax efficient way to access our Enhanced Fund offerings.” In addition, Sprott introduced new T-series and FT-series options for Sprott Enhanced Equity Class for investors seeking to generate a tax-efficient cash flow stream from their investments. Sprott also announced Friday that Sprott Opportunities Hedge Fund LP has been renamed the Sprott Enhanced Long-Short Equity Fund LP, and Sprott Opportunities RSP Fund has been renamed Sprott Enhanced Long-Short Equity RSP Fund. The name changes better reflect the current investment strategy of the funds and aligns their names with Sprott’s other Enhanced Funds, Sprott said. Sprott Asset Management LP is a wholly owned subsidiary of Sprott Inc. (TSX:SII). Related news Toronto-based Sprott Asset Management LP Friday announced the newest addition to its Enhanced Funds product line with the launch of Sprott Enhanced Balanced Class. John Wilson, Sprott senior portfolio manager and co-chief investment officer, will be the lead manager on the fund, while the fund’s fixed-income allocation will be managed by senior portfolio manager and co-chief investment officer Scott Colbourne, and portfolio manager Michael Craig. Keywords Fund launchesCompanies Sprott Asset Management BMO to launch six new mutual funds Wealthsimple launches Sharia-compliant ETF Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

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Police update: Further charges laid after investigations into bushfire fraud

first_imgPolice update: Further charges laid after investigations into bushfire fraud Criminal Groups Squad detectives have laid further charges as part of ongoing investigations into fraudulent bushfire claims.In August this year, detectives from the State Crime Command’s Criminal Groups Squad established Strike Force Fireant to investigate reports that members and associates of the Rebels OMCG were allegedly involved in obtaining unlawful grant money through a NSW Government grant scheme.Following extensive inquiries, strike force investigators executed 11 search warrants across Greater Sydney and the Southern Highlands during a two-day operation yesterday (Wednesday 9 December 2020) and today (Thursday 10 December 2020).During the searches, officers seized documentation, mobile phones, SIM cards, laptops and electronic storage devices.Investigators also seized cash, prescription medication and prohibited drugs including ecstasy, cannabis, methylamphetamine (ice) and steroids.All items seized throughout the investigation will undergo further forensic examination.Six men – aged between 25 and 32 – and a 26-year-old woman were arrested and charged. All seven remain before the courts.Two further women – aged 25 and 37 – were arrested at Westmead and Colebee from 6am today (Thursday 10 December 2020).The younger woman was taken to Merrylands Police Station and charged with dishonestly obtain financial advantage (x2) and recklessly deal with proceeds of crime (x2).She was given conditional bail and is due to appear in Fairfield Local Court on Wednesday 27 January 2021.The older woman was taken to Riverstone Police Station and charged with dishonestly obtain financial advantage, and knowingly deal with the proceeds of crime with intent to conceal.She was given conditional bail and is due to appear in Blacktown Local Court on Monday 22 February 2021.Investigations under Strike Force Fireant are continuing. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Blacktown, bushfire, cannabis, Criminal, Fairfield, Government, investigation, mobile, mobile phone, New South Wales, NSW, NSW Police, operation, police, proceeds of crime, southern, strike, Sydneylast_img read more

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Townsville Sports Reserve scores new indoor courts

first_imgTownsville Sports Reserve scores new indoor courts Minister for Tourism Industry Development and Innovation and Minister for Sport The Honourable Stirling HinchliffeWork begins next month on a $13.55 million indoor court complex at Townsville Sports Reserve, creating new jobs to help fast-track the North’s COVID-19 economic recovery.Sport Minister Stirling Hinchcliffe, Member for Townsville Scott Stewart and Member for Mundingburra Les Walker today turned the first ceremonial shovelful of earth on site ahead of the start of construction.“This is a $13.55 million investment by the Palaszczuk Government in local, all-weather sport and jobs for Townsville’s economic recovery,” Mr Hinchliffe said.“In what will be a game changer for Townsville Sports Reserve, the new complex will be home to three multi-purpose courts with shot clocks, scoreboards and sprung timber floors.“Construction of the architecturally-designed building will create 45 full-time construction jobs to support Townsville’s economic recovery from the COVID pandemic.”Similar multi-purpose halls are also planned for the Sunshine and Gold coasts as part of the Palaszczuk Government’s Queensland Active Precincts program.Resources Minister and Member for Townsville Scott Stewart said the indoor court complex would bring a host of new sports to Townsville Sports Reserve.“This project will be a new, $13.55 million lease on life for the already popular Townsville Sports Reserve,” Mr Stewart said.“Townsville Sports Reserve is already home to a world-class synthetic athletics track, playing fields, amenities, canteens and conference facilities.“Once complete, the indoor stadium with its eight-metre-high ceilings and cooling sea breezes will introduce a host of additional sports to the reserve.“From futsal and fitness classes to netball, basketball, volleyball, badminton and wheelchair sports, the indoor stadium’s adaptability is almost endless.“The design of the complex also makes a high-performance gym and indoor rock-climbing wall possibilities for the future, depending on demand.”Member for Mundingburra Les Walker said the Palaszczuk Government had already invested in a $300,000 upgrade of the Townsville Sports Reserve entrance.“We’re creating a world-class, multi-purpose active sports precinct suitable for Townsville’s elite athletes, schools and community organisations,” Mr Walker said.“The Townsville Sports Reserve is part of a multi-million-dollar investment by the Palaszczuk Government in sport and recreation infrastructure for the North.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, basketball, building, community, conference, covid-19, full-time, Government, infrastructure, Investment, Minister, Palaszczuk, project, QLD, Queensland, resources, Stirling, Townsvillelast_img read more

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Tourism needs urgent action before it’s too late

first_imgTourism needs urgent action before it’s too late The New Zealand National PartyThe Government needs to stop condemning tourism businesses to the scrap heap and instead urgently redirect support to the ailing sector, National’s Tourism spokesperson Todd McClay says. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Government, New Zealand, New Zealand National Party, nzpol, tourismlast_img read more

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