Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Posts Tagged ‘pressure’

DOJ Move to Drop ACA Defense Ramps Up Pressure on Health Insurers

Posted by fidest press agency su domenica, 31 marzo 2019

The U.S. Department of Justice’s move to give support to a court case that could overturn the Affordable Care Act (ACA) puts pressure on the health insurance industry by increasing uncertainty around the law’s major provisions, according to a new AM Best briefing.
The U.S. Court of Appeals for the 5th Circuit is considering on appeal a Texas judge’s December 2018 decision that the ACA should be struck down given the elimination of the individual mandate. The DOJ said on March 25, 2019, in a court filing that it was changing its position and that it would no longer defend any parts of the ACA. Major ACA provisions that potentially could be eliminated or changed substantially include Medicaid expansion, individual exchanges, premium subsidies, essential health benefits and coverage for dependents up to age 26.According to the Best’s Briefing, titled, “DOJ ACA Filing: More Uncertainty and Pressure for Health Insurers,” if Medicaid expansion and/or the individual exchange programs are eliminated or changed substantially, the health insurance industry could face a loss of premium, excessive administrative overhead and financial losses. States may not be able to absorb the full cost of providing Medicaid coverage and may change the eligibility definition to reduce enrollment. A rollback of Medicaid expansion mainly would affect the publicly traded carriers, while changes to the individual exchange business will have a larger impact on Blue Cross Blue Shield and regional plans. If provisions such as essential health benefits, free preventive care, limits on out-of-pocket maximums and coverage for dependents up to age 26 are no longer required, commercial groups may choose to offer a lower level of benefits, thereby reducing premium levels.Conversely, many companies that exited the individual market after ACA implementation would be able to come back and offer policies similar to pre-ACA products, in which a policyholder decides the level of benefits needed and medical underwriting protects carriers from adverse selection. The elimination of the Health Insurance Fee also would have a positive impact on profitability for the entire industry.To provide health coverage through Medicaid expansion and exchanges, health insurance companies invested significant resources to adapt their business models and processes in line with new rules and regulations. From 2014 to 2016, the individual exchange business incurred extensive underwriting losses, putting many carriers in a difficult financial position. However, in 2017 and 2018, following rate increases and product modifications, the individual line of business recovered and generated profitable results.AM Best does not expect the decision in Texas v. United States to impact 2019 results. However, as the industry is getting ready for 2020 selling season and rate filings, the prospects of uncertainty will be disruptive. AM Best will continue to monitor the judicial, legislative and regulatory developments and will discuss with rated carriers their contingency plans in the event of a major ACA overhaul.

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First look at the new 2018 European Guidelines for the treatment of high blood pressure

Posted by fidest press agency su domenica, 10 giugno 2018

Barcelona. A first look at the new European Guidelines for the treatment of high blood pressure was presented at the European Society of Hypertension meeting in Barcelona on June 9th 2018. These long-awaited guidelines have been jointly developed by clinicians representing the European Society of Cardiology (ESC) and the European Society of Hypertension (ESH). The guidelines provide recommendations for doctors across Europe about how to diagnose high blood pressure, evaluate risk, and when and how to treat high blood pressure and reduce risk, with both lifestyle advice and medications. The development of the guidelines was led by Prof. Bryan Williams (ESC Chairperson), London UK, and Prof. Giuseppe Mancia (ESH Chairperson), Milan, Italy, as lead authors.Professor Bryan Williams, University College London said “These clinical guidelines are one of the most important in Europe because high blood pressure affects so many people, over 25% of the adult population. The focus of the guideline is to improve the treatment of high blood pressure and blood pressure control in treated patients, which at present is not as good as it should be”. Professor Giuseppe Mancia, University Milano-Bicocca Milan said “The 2018 ESC/ESH guidelines issue new recommendations on how to optimally treat hypertension. Drug therapy extends to additional groups of patients. Also, blood pressure values to aim at with treatment are lower than in the past. In addition, combination therapy is now recognized as the most effective initial treatment strategy in most patients.” The full text of the new joint guidelines for the Management of Arterial Hypertension will be published on 25 August 2018 in parallel with a corresponding presentation during the ESC Congress 2018 in Munich (August 25-29, 2018).

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Demand pressure in European commercial residential markets – yield decreases aren’t measured

Posted by fidest press agency su sabato, 26 maggio 2018

Catella Research examined the commercial residential markets of 59 cities in 19 European countries: the lowest yield in Stockholm, the highest in Krakow. The highest rents in London, the lowest in Vilnius. The average purchase price for owner-occupied flats is at 4,616 €/sqm. Highest transaction volume in Germany.In the 19 countries analyzed by Catella, a total transaction volume of EUR 48.1 billion was achieved in 2017. 32% of this was achieved in Germany alone, followed by UK with a share of 15%. The taillight in this ranking is Belgium with merely EUR 55.8 million.Further single results of this analysis:
– The lowest yield of all European residential markets can be found in Stockholm with 1.50%, followed by Zurich with 2.20%. The highest yield can be found in Krakow with 7.44%, followed by Warsaw with 6.15%. The average European yield is at 3.97%.
– The lowest average rent is in Vilnius with 8.75 €/sqm, closely followed by Riga with 9.25 €/sqm. The most expensive rental flats by far are found in London with average prices of 40.78 €/sqm. Behind that, the continental city of Bern follows with 34.10 €/sqm. The average price of the 54 presented rental prices in Europe is at 15.21 €/sqm.
– The city of Vilnius has the lowest purchase prices for owner-occupied flats with an average of 1,470 €/sqm. The second lowest city is Wroclaw with 1,520 €/sqm. The most expensive prices per square meter for owner-occupied flats are also paid in London with 16,935 €/sqm. Zurich is in second place with 1,007 €/sqm and therefore ahead of Paris, where the average price is 10,030 €/sqm.“The demand pressure in the European commercial residential markets will sustain. In 31 of 59 cities, a slight decline of yields is expected by the end of the year, while increasing yields aren’t expected in any European city”, explains Dr. Thomas Beyerle, Head of Group Research at Catella. “For investors, the Polish cities seem to have the most attractive yields”, Beyerle continues.The full analysis is available at catella.com/research.

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Let’s Rock on the Top of Europe!

Posted by fidest press agency su lunedì, 31 agosto 2015

Interlaken, Switzerland,Interlaken, Switzerland. A unique event. A first: thanks to Swiss watch brand TAG Heuer, a Chinese music star – the composer, dancer, musician and actress G.E.M. – will perform today on the famous Jungfraujoch glacier for an audience of more than 200 Chinese fans who have travelled from China and all over Europe.G.E.M. is a household name in China. A generational phenomenon throughout the country and across Asia. Young, beautiful and talented with a powerful voice and a sought-after look, she is the epitome of success and, at just 24, is admired by an entire generation of youngsters who know her songs by heart. At the invitation of TAG Heuer, G.E.M. – which stands for Get Everybody Moving – decided to come and perform in Switzerland. And – as expected of her – the performance will take place on a dazzling stage, which she has designed down to the very last detail alongside the Swiss watch brand, for whom she has been an ambassador since early 2015. Arriving by helicopter after a flight over the Swiss Alps, she will be met by Jean-Claude Biver, President of the LVMH Group Watch Division and CEO of TAG Heuer. On a stage built on the snow in the form of the TAG Heuer logo, she will sing her biggest hits, including Someday I’ll Fly, What Have U Done and Oh Boy: a real physical feat at this altitude. Of course, no one could resist a few of the great Swiss clichés to top off this unique event: Bernese mountain dogs, as well as Alpine horn players and an opportunity to taste Mr. Biver’s very own cheese. To continue the fun, G.E.M. will extend her performance by descending the glacier’s Snowpark on a zip wire. Her motto could be DontCrackUnderPressure!
Jean-Claude Biver, President of the LVMH Group Watch Division and CEO of TAG Heuer, stated: “Thanks to her amazing character and infectious energy, G.E.M. has really accelerated TAG Heuer’s ability to connect with youngsters in China and Asia in general. We succeeded in staging an event that might have seemed outlandish, thanks to her perseverance and professionalism and that of the teams, in particular from Jungfraujoch, who I would like to thank for their welcome. Our Chinese friends will remember this event for a long time – an event organised in their honour and which illustrates the friendship between our two countries”.

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Collaboration between Lloyd’s Register Energy and the Italian Association of Pressure Equipment achieves major step forward to support manufacturers in Italy

Posted by fidest press agency su giovedì, 18 giugno 2015

milanodavedereAnnounced, a new Pressure Vessel Manufacturers Forum (PVMF) will take place on July 3rd in Milan to help drive collaboration and knowledge share for Italian manufacturers.In a drive to unite the interests of Italy’s pressure equipment manufacturers, the goal of the new Pressure Vessel Manufacturer Forum (PVMF) is to bring manufacturers together to share information on manufacturing techniques and trends, and to encourage and generate discussion and debate.It is a new industry group sponsored and organized by Lloyd’s Register Energy and the Italian Association of Pressure Equipment (AIPE) – Associazione italiana Pressure Equipment.“We invite all manufacturers of pressure equipment in Italy to join the PVMF on 3rd July in Milan, which promises to create a positive atmosphere for networking, collaboration and the sharing of knowledge,” says Federico Zanette, Sales and Marketing Representative for Lloyd’s Register Energy in Italy.
Zanette reinforced that the needs of manufacturers across Italy are at the core of this initiative. Its focus on uniting manufacturers will demonstrate to the wider world the importance of how working collectively together for the combined interests of manufacturers, will positively impact Italy’s growing competitive manufacturing sector and its performance long term.Luca Tosto, President of AIPE, says: “We believe PVMF offers one of the most relevant events of the sector and we are very glad that it will be replicated in Italy with Lloyd’s Register Energy’s support.“We expect a high attendance and an active participation of many leading companies – collectively giving every attendee the opportunity to discuss business trends, explore potential markets and new collaborations.”Tosto expects the reaction from the market to be extremely positive and will illustrate Lloyd’s Register Energy’s and AIPE’s ability to provide industry-focused solutions tied to manufacturer’s business objectives.The Italian PVMF event follows a similar model that has been successful in the United Kingdom, also started by Lloyd’s Register Energy. That group has a growing attendance of 17 members and 3 affiliate members spanning Scotland, Wales and England.

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WJC Praises Scarlett Johansson, Condemns Oxfam Over Boycott Issue

Posted by fidest press agency su lunedì, 3 febbraio 2014

Scarlett_Johansson_by_Gage_SkidmoreNEW YORK — The World Jewish Congress today praised Scarlett Johansson and condemned the charity Oxfam for ending its seven-year association with actress over her defense of an Israeli company that employs Palestinian workers at a West Bank factory.“We applaud Miss Johansson for her forthright defense of economic cooperation between Israelis and Palestinians and for standing up to the international bullies. She is a role model for others confronted with insidious anti-Israel pressure, and we encourage other Hollywood, media and entertainment personalities to follow her lead,” said WJC CEO Robert Singer. “By ending its association with Miss Johansson, its longtime ambassador, Oxfam has chosen to align itself with the unprincipled and anti-Semitic BDS movement. This was a cowardly act that Oxfam should realize is a reprehensible and damaging mistake.”Oxfam parted ways with Johansson, who had been an Oxfam ambassador since 2007, after she recently became the brand ambassador of an Israel company, SodaStream. The company employs Palestinian workers at a factory in the West Bank city of Maale Adumim. Organs of the BDS movement had called on Oxfam to immediately sever its ties with Johansson.In public statements over the past week, Johansson defended SodaStream as committed to “building a bridge to peace between Israel and Palestine, supporting neighbors working alongside each other, receiving equal pay, equal benefits and equal rights” and said that she is a “supporter of economic cooperation and social interaction between a democratic Israel and Palestine.”
Yesterday, Johansson issued a statement saying she “has respectfully decided to end her ambassador role with Oxfam after eight years because “she and Oxfam have a fundamental difference of opinion in regards to the boycott, divestment and sanctions movement.”

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Frost & Sullivan: New Concepts in Urban Rail Rolling Stock Change the Transportation Landscape

Posted by fidest press agency su lunedì, 1 luglio 2013

LONDON Steady increase in passenger volumes is powering demand for rolling stock systems in the Western European urban rail market. Intensifying competition has furthered market growth and fuelled adoption of new products and participants in the market, which underwent heavy consolidation between 2000 and 2010. The urban rail market is seeing the successful adoption of concepts such as trams on tyres or the wide scale implementation of automated people mover (APM) systems that were until recently used in airports to connect terminals.New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of Growth Opportunities in the Western European Urban Rail Market for Rolling Stock Systems, finds that a total of 10,201 rolling stock- 5,475 light rail vehicles, 3,961 metro vehicles, and 765 APM vehicles (new orders and replacements combined) will be delivered by 2021 across Europe. Integration of mobility in urban Europe is happening at a rapid pace and urban rail is one of the most important enablers for this trend. As a result, strong orders are expected in the light rail and APM system segments.However, the current economic crisis in the Eurozone is causing funding difficulties for urban rail projects. Under severe pressure to reduce debt levels, governments in the region are being very conservative in releasing funds for public projects. In addition, the lack of regulation in the urban rail market causes project costs to vary widely by country and even by individual lines. This creates further uncertainty for light rail promoters and policy makers in developing strong action plans that convince all stakeholders, including the public.Nonetheless, regional governments are trying novel ways to bolster the economy. Their aim to create direct and indirect jobs through the development of infrastructure and public transport will result in new projects and regulations that raise demand in the services sector. For instance, the French government levies a 1-2 per cent tax on the payroll of companies with more than nine employees in most cities, which goes toward funding and modernising transport networks. In 2011, 62.3 per cent of the funding for all projects in Paris – an estimated €3.09 billion – was from this tax.As cities grow old and certain sections of urban areas fall into decline, government agencies encourage land redevelopment to revitalise the economy of the city. Urban rail systems have proven in several cases – like the London Dockland Railways – that new economic city areas can be generated.The increasing pace of urbanisation will lead to the integration of the core city centre with the suburbs and daughter cities, resulting in the expansion of city limits,” observed Raman. “This will have a massive impact on mobility, fuelling the development of rail networks and driving rolling stock orders.”
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
· The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
· The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

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About Wall Street reform

Posted by fidest press agency su sabato, 29 maggio 2010

Last week, Iowa Senator Tom Harkin took a strong stand against the big banks on Wall Street. That support for Wall Street reform put us on a path toward reining in the out-of-control behavior that caused the worst recession since the Great Depression and holding Wall Street accountable. And it brought us closer to protecting consumers and providing them clear information and terms on mortgages and credit cards so they can make the best financial decisions for them and their families. Every senator was faced with immense pressure from lobbyists. We need to show the senators who stood with President Obama and American consumers that they have our thanks. The New York Times has said that Wall Street reform represents the “most sweeping regulatory overhaul since the aftermath of the Great Depression.” These changes will hold Wall Street accountable and offer increased security for Main Street Americans — for families hoping to buy a home or pay for college, for small businesses and community banks who play fair and obey the law, and for shareholders who deserve to see their businesses grow. It’s precisely the historic progress that middle-class families and consumers need — which is why the special interests are fighting it tooth and nail.

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Time running out for Niger as food crisis threatens

Posted by fidest press agency su venerdì, 23 aprile 2010

Caritas says the food crisis in Niger and other parts of the Western Sahel needs to be tackled urgently before the beginning of the rainy season makes aid delivery impossible in remote regions.  The situation in Niger is particularly worrying but the whole Western Sahel is affected. Millions are put at risk as a result of last year’s droughts and the long-term effects of previous food crises.  Over 800,000 children under the age of five in Burkina Faso, Mauritania, Mali, Niger, northern Nigeria and Chad are classified as needing treatment for severe malnutrition.  “The crisis has been underestimated in Niger. Food insecurity was a taboo subject under the former government, overthrown in a coup on 18 February.  It was not until the media and international associations put pressure on the government to conduct a survey on this issue that we got a clearer picture of the emergency’s scope,” said Raymond Yoro, Secretary General of Caritas Niger (CADEV Niger).  Some 7.8 million people, or nearly 60 percent of Niger’s population, are running out of food according to the national survey conducted by Niger’s government in December.  Caritas is preparing to launch an appeal to provide emergency food aid to the most vulnerable in Niger. It has projected to deliver food aid to almost 250,000 households in 327 villages.  Aid will be provided through free cereal distributions and cash-for-work activities, with a special focus on children and pregnant or breastfeeding mothers.

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Pool Report

Posted by fidest press agency su venerdì, 10 aprile 2009

Roundtable discussion in the Roosevelt Room about the impact of low interest rates on the housing market. POTUS sat at the table with Treasury Secretary Tim Geithner, Housing and Urban Development Secretary Shaun Donavan and several homeowners who have saved money by refinancing their mortgages at lower rates. POTUS addressed the pool for about five minutes at the end of the meeting, explaining how low interest rates (the lowest since 1971, he said) were bringing relief to struggling homeowners and urged more people to take advantage of government-backed refinancing schemes. “The essence of the American dream is owning your own home — owning that piece of property that endures,” he said. POTUS fended off questions about the pirate standoff involving a US-flagged commercial ship off the coast of Somalia. “Guys, we’re talking about housing right now,” he said, as the pool was ushered out. POTUS, sat with Tim Geithner immediately to his right, was the only person to speak while the pool was in the room. Transcript to come but here’s a few key facts and quotes: He said the housing market had got “way overheated” in part because of lack of regulation, sparking broader crisis in the financial markets. Low interest rates were now easing pressure on many homeowners as a result of Federal Reserve action and administration housing policies, he said. Three quarters of American people get their mortgaes through Fannie Mae and Freddie Mac affiliated loans and 7-9m people are eligible for refinancing right now, he added. The homeowners gathered around the table were saving “hundreds of dollars a month” through refinancing and the average family could save $1,600 to $2,000 a year, POTUS said. There had been an 88 per cent increase in refinancing over the past month, with Fannie Mae alone refinancing $77 billion of mortgages in March – its biggest monthly rate since 2003. But he added that “a lot more people can take advantage” and urged people to find out if they are eligible through the website: Makinghomeaffordable.gov POTUS closed by warning homeowners against “scam artists” taking advantage of refinancing. “If someone is asking you for money up front before they help you with the financing, it is probably a scam,” he said. The pool entered the room at 9.57am and departed at 10.05am.

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