Don’t underestimate U.S. economic resilience, says National Bank CEO

Ross Marowits Facebook LinkedIn Twitter Economy lost 68,000 jobs in May OECD raises outlook for Canadian economic growth this year Stagflation is U.S. economists’ biggest fear, SIFMA says Share this article and your comments with peers on social media Related news Keywords Economic forecastsCompanies National Bank of Canada “(So) you can’t underestimate the American entrepreneurial culture and I think in the near- and medium-term it will be constructive.” National Bank’s (TSX:NA) CEO told the International Finance Club of Montreal that he foresee moderate economic growth in the United States over the next two years. He said the U.S. banking system has strongly recapitalized and the housing market has stabilized and is improving, which will boost Canada’s lumber industry. “I think the American economy in the second half of 2013 will give a good help to the Quebec and Ontario economies, where most of the manufacturing sector is based.” Vachon said he was not worried about the recent slowdown in the Canadian housing market brought on, in part, by tighter lending rules pushed by the federal government. Instead, the key to growth is investing to expand manufacturing production, he said. And while emerging countries are replacing the United States as the engine of global economic growth, he said large development projects that rely on these countries, including Quebec’s Plan Nord, should anticipate intense volatility. “Emerging countries for all kinds of reasons, whether they be social, demographic or other, are more volatile than the United States,” he said. As for Europe, the head of Canada’s sixth-largest bank said the Continent is doing much better because of a “tsunami of liquidity” by the European Central Bank that is also hiding some structural weaknesses. He said the long-term solution for Europe is to select a consistent political model and rewrite its social compact because the ratio of workers to retirees has plummeted by more than half. Meanwhile, Vachon said the bank has initiated a pilot project to transition its own older employees to retirement because many leave before they may be ready. In fact, about one-third of the 660 employees who have retired over the past four years continue to work. In the face of a shortage of skilled workers, the bank seeks to retain experienced older workers while they transfer their knowledge to younger workers by lightening their schedules through part-time hours. About 20 people are currently enrolled in the trial effort, which is slated for expansion. On the Toronto Stock Exchange, National Bank shares closed down nine cents at $79.29 in Thursday trading. Don’t underestimate the resilience of the U.S. entrepreneurial culture and its ability to propel an economic recovery that will benefit Canada’s manufacturing sector, the head of the National Bank of Canada said Thursday. “Essentially, all the products that have changed our lives over the last 10 to 20 years are American,” Louis Vachon said, citing Apple, Google and Twitter. read more

Graduate Program – Full Time Faculty Remote/Online

first_imgThis is a full time (9-month), graduate level faculty position inthe University’s Masters Nursing program. The School of Nursing atHusson University seeks a qualified individual committed todelivering premier online professional programing that emphasizesexperiential learning, student success, and inter-professionaleducation. This is a Graduate Faculty position and requiresqualifications and experiences consistent with the ability toeducate graduate students in professional graduate degree programs.Responsibilities including teaching 24 credit hours per year at thegraduate level (or the equivalent as determined by the Dean incollaboration with the Director), scholarship, service onUniversity committees as needed, instructing students, andmentoring capstone projects. This position works closely with theDirector to ensure the achievement of student learning outcomes,curriculum integrity, and assessment goals.DUTIES &RESPONSIBILITIES:The successful applicant will:*Maintain currency and be knowledgeable in online coursedelivery/technology.*Responsible for teaching specific courses as assigned in aprofessional manner with timely announcements, grading, andfeedback on assignments/discussion boards.*Responsible for assessment and evaluation of courses inappropriate discipline.*Participate in assessment of program outcomes, development/design,and revision of curriculum offered.*Monitor student progress and contribute to the university’scommitment to student success.*Participate in faculty governance as assigned.*Maintain a robust scholarly agenda as defined by the FacultyHandbook.*Follow the university’s standards of conduct.*Actively participate in virtual program, school meetings, andactivities(e.g. Orientation(s), Convocation, and/or studentrecruitment projects), as well as service on committees within theUniversity.*Professionally represent Husson University GraduatePrograms.*Conduct scholarship at regional or national level resulting inpublication in peer-reviewed professional journals, delivery ofpapers at professional association meetings, coordination andimplementation of research programs, and/or professionalpractice.EDUCATION & EXPERIENCE:Education:Earned doctorate in nursing or related field preferred; MSN inAdvanced Practice Nursing (ie FNP, PMHNP, AG ACNP) required.Candidates nearing completion of a doctoral degree will beconsidered.Licensure:Active and unencumbered RN and MSN in Advance PracticeNursing(PMHNP) required.Experience:Minimum of three years of documented college/university-levelteaching and minimum of three years of clinical experienceexpected. Must have documented expertise in area(s) of teachingresponsibility.Computer:Good skills in LMS (ie Canvas, Googleapps, Microsoft Office, andother appropriate software and technology).PHYSICAL REQUIREMENTS:The physical demands described here are representative of thosethat must be met by an employee to successfully perform thefunctions of this job. Reasonable accommodations may be made toenable individuals with disabilities to perform thefunctions.While performing the duties of this job, the employee is regularlyrequired to sit and use hands and fingers, talk, and hear. Specificvision abilities required by this job include close vision,distance vision, color vision, depth perception, and ability toadjust focus.WORK ENVIRONMENT:Remote/Online-performed primarily indoors.Sitting, extensive use of keyboard-noise level is normallyquiet.Regular work hours with daily meetingsBe willing to travel to Bangor campus 1-2x per year forprofessional development as needed.PI135228817last_img read more

Teen Buys Grocery Market to Save Small Town

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreWith help from a nonprofit agency and $10,000 he saved from doing odd jobs, a 17-year-old boy from Truman, Minnesota, is stocking the empty grocery shelves on Main Street to try to revitalize the dying town. (KARE-TV produced this news report and Video for NBC)AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img

Go to the Art of Speed Malaysia 2017 & WIN THIS…

first_img–Ads– As Malaysians who are deep in the motorcycle scene or industry, there’s no denying the fact that two-stroke motorcycles play a huge role in the how the motorcycling scene has developed through the years. While other motorcycles do play their own respective roles, the two-strokes have been in the scene longer than anybody else and have created both good and bad reputations.Putting those things aside, one of the legendary motorcycles of all time in the Malaysian scene has got to be the Yamaha RXZ. Ever since its inception, it took the hearts of young Malaysians by storm. Now, a bunch of mad geniuses have taken the legendary motorcycle to a whole new level. Brace yourselves, things are about to get interesting. VERY INTERESTING.For this year’s Art of Speed Malaysia festival 2017, the founder Asep Ahmad Sastrawidjaja has announced that they will be giving out a very special bike as this year’s grand prize giveaway. This year, one lucky attendee will be bringing home a twin-engine two-stroke custom drag bike dubbed the “Yamaha RXZ Twinboss”.The idea came to mind as Asep want to stir things up a bit in a huge way that’ll hopefully send ripples of excitement into the Malaysian custom scene as well as the general motorcycling industry. According to the project manager, the idea came earlier in the year and by April, they’ve managed to source all the basic parts including two Yamaha RXZ bikes specially for the dragster.Asep stated that the fully-custom bike aka “RXZ Twinboss” will the grand prize giveaway as a token of great appreciation for all the years filled with support from all the fans and enthusiasts alike. As you can see, every single part of the dragster has been rebuilt from the ground up and it looks menacingly beautiful.The main engineer being the RXZ Twinboss is our very own local lad Irwan Cheng from FNG Work located in Ipoh together with the boys from Beautiful Machines, Sunway. They’ve also obtained a lot of assistance from Amir Hashim, the powerhouse behind Legend Racing Garage to help bring everything together.In terms of cost, Asep said that he has lost count after spending over RM40,000 in getting the bike ready for this year’s Art of Speed main event. Together will all the help, assistance, experience and invaluable knowledge and know-how, the RXZ Twinboss is a priceless as the rarest gem on Earth. It is truly one of a kind.The combination of two two-stroke 135cc Yamaha RXZ engines were able to perform in tandem thanks to the engineering feat successfully made by connecting the primary drives using a final drive chain setup connecting the two engine blocks together. In terms of capacity, the bike collectively has 270cc which is almost equivalent to a middleweight four-stroke sports bike.The fenders, fuel tank and out of this world seat were all hand-made using aluminium inspired solely on achieving two things; to look and go as fast as it can possibly go. It is a dragster after all. We also need to point out that the entire bodywork can be lifted to gain access to the engines easily in a similar fashion as you would normally see from top fuel funny drag cars in the US.Other parts have been made using CNC water jet blasts and Catia computing software for maximum accuracy, rigidity and performance. Those holes you see there were made precisely using the latest engineering technology to bring the some state-of-the-art performance into the build.A great bike deserves some badass rubber and when you look at the rear, you’ll find a Pirelli Diablo Supercorsa super slick tyre to give maximum grip as you shoot down the drag strip. The front fork has been taken from one of donor Yamaha RXZ but has been dramatically chopped and customised specially for this project.The lucky folk who gets to bring this baby home will get a key that won’t help start the bike but instead access the fuel gas cap taken from a motorboat.In general, the RXZ Twinboss is near completion in terms of mechanical aspects. The rest of the facade and paint job will be completed during the two-day Art of Speed 2017 which will be held at Malaysia Agro Exposition Park Serdang (MAEPS) this 29 and 30 July 2017.Two bikes will be given away during that weekend and the RXZ Twinboss will Sunday’s ultimate giveaway. Each attendee who purchase a ticket for only RM15 will get one entry into the lucky draw so the more tickets you buys, the more chances you have in getting the bike. Our advice? Study the annual event carefully as there might be a few questions coming your way to make things more interesting. In short, you need to work it in order to get it, baby.All the people involved in making the RXZ Twinboss into the real world hope for one thing; that the winner will test the living daylights of the dragster as it is made for racing and not just for show. A lot of us were there to witness the bike coming to life and we can only say one thing, the hype is REAL. Everyone who’s interested in seeing this bike live and ‘in your face’, do come to the Art of Speed 2017 festival this 29 and 30 July 2017 held at MAEPS, Serdang. There’s no better year to get yourselves exposed the Malaysia’s largest custom ‘anything’ gathering that has been gaining a lot of attention and support from the rest of the world. See you guys there!To know more about Art of Speed 2017 festival, CLICK HERE.center_img This year’s Art of Speed Malaysia 2017 will be giving away a very special grand prize on Sunday in the form of a Yamaha RXZ Twinboss dragster motorcycle.The RXZ Twinboss dragster is powered by two two-stroke engines which run in tandem in a combined capacity of 270cc which is equivalent to a middleweight four-stroke sports bike by capacity.This year Art of Speed will be held from 29 to 30 July 2017 at MAEPS, Serdang so be sure to be there when they announce the lucky attendee to bring this baby home!last_img read more

Serena sounds French Open alarm for rivals

first_imgTennis AFP FRESH from attending the Royal wedding, Serena Williams will take aim at the upstarts who have been honeymooning at the majors in her absence when she makes her long-awaited Grand Slam return at Roland Garros. The 36-year-old American, who first played the French Open in 1998, has been the champion in Paris three times. Should she win a fourth Roland Garros, it will take her level with Margaret Court’s all-time Grand Slam record of 24 majors. But there are question marks over her fitness and readiness for the 2018 tournament which starts on Sunday. She has played just four matches on the WTA Tour all year, the last of which was a first round loss in Miami at the end of March. Her last appearance at a Slam was at the 2017 Australian Open which she won while pregnant. Having then missed the rest of the season as she gave birth to daughter Alexis Olympia in September, Williams’s world ranking has slumped to 454 from its dizzy heights of undisputed number one. “I’m not just coming back to come back. I’m coming back to win,” she said defiantly in a HBO documentary ‘Being Serena’ which aired last week. Her longtime coach Patrick Mouratoglou, who oversaw her first training session on Court Philippe Chatrier at Roland Garros on Sunday, has no doubts that Williams’s competitive streak has not been blunted by the priorities of motherhood. “Serena will play the French Open to win it,” he told the WTA Tour. “Can she do it? Serena can achieve anything – after being her coach for six years, I’m even more sure of that statement.” In her absence – as well as the 15-month doping ban served by longtime rival and five-time major winner Maria Sharapova – there’s been a stampede to get on the Grand Slam honours board before normal service is resumed. Unheralded Latvian Jelena Ostapenko won last year’s French Open, Sloane Stephens was an equally surprising champion at the US Open before Caroline Wozniacki finally converted potential into Slam success by taking Serena’s Australian Open title in January this year. Needing to use a protected ranking to get into the main draw in Paris, no-one will want to face a fired-up Serena in the opening rounds in a tournament and city which has given her many highs as well as the occasional low. It was in 2002 that she won her first Roland Garros – beating sister Venus in the final – and second major after an agonising wait to add to her collection that had stalled at just the one from the 1999 US Open. She has since added the 2013 and 2015 titles in Paris, more than adequate compensation for the horror shows of 2012 when she was shocked in the first round by French journeywoman Virginie Razzano and a second round exit to Garbine Muguruza two years later. Paris and its culture – and shopping – have also kept her enthralled. Serena owns a lavish apartment in the city’s plush 7th arrondissement with a view of the Eiffel Tower. She has also achieved a smattering of conversational French in which to make winning speeches to an appreciative crowd at Roland Garros. “I’ve always had a wonderful relationship with Paris,” she admitted. “I feel like I can just live a normal life here.” Serena’s last appearance at the French Open ended in a final defeat at the hands of Muguruza in 2016. Mouratoglou believes her rivals will be foolish to think that Serena has little chance of making another championship match in a city she considers to be a second home. “What I find the most encouraging is her enthusiasm, her motivation, and the quality of her work,” he said. “She obviously comes back to win and the wait has been long, so she will probably start Roland Garros with a mix of stress, because she will want to do well, and excitement because playing those events is the reason why she made such huge efforts to come back.”last_img read more