Illustrative photo (Photo: dailynewssegypt.com) Jakarta (VNA) - Indonesia’s gross domestic product (GDP) is projected to grow by only 4.9 percent in 2019, 0.4 percent lower than the set target, Moody’s Investor Service has said. According to Moody’s, the Southeast Asian nation’s GDP will further decline to 4.7 percent in 2020, and is expected to slightly recover to 4.8 percent in 2021. Moody’s managing director and chief credit officer Michael Taylor said the decline in commodity prices and the US-China trade war have caused negative effects on Indonesia’s economy. According to Moody’s analyst Tengfu Li, the decline in commodity prices correlated closely to the banking sector, making it one of the key risks to Indonesian banks. Meanwhile, Moody’s vice president and senior credit officer Jacintha Poh said the GDP slowdown as well as weak commodity prices — especially for palm oil and coal — will also affect the earnings … [Read more...] about Indonesia’s GDP to rise 4.9 percent in 2019: Moody’s
80 percent lower 7075
Further ReadingMore Uber drivers file labor lawsuits: One claims he makes only $80 per weekAn Uber driver in North Carolina has sued Uber in a proposed class-action lawsuit. He alleges that he and other drivers like him are consistently underpaid based on the company’s own formula. Since nearly the beginning, Uber has paid its drivers 80 percent of a given fare. However, in the lawsuit, lawyers representing the driver, Martin Dulberg, claim that the company has now changed the way it calculates what that fare is. The result is that the company consistently pays between 70 and 80 percent—but not the full 80 percent—of what the fare should be. In the new lawsuit, which was filed Tuesday in federal court in San Francisco, Dulberg's lawyers allege: For example, on February 2, 2017, Plaintiff drove an UberX passenger from 3408 Cherry Lane in Raleigh, North Carolina, to 101 Macaw Street in Raleigh, North Carolina. The passenger was charged $15.38. This is the … [Read more...] about Uber driver: Company isn’t paying the full 80% of a fare that I’m owed
Nearly five years ago, a team of researchers performing a study on medical cannabis came to a startling conclusion: The 13 states that had legalized medical marijuana had a 25 percent lower rate of opioid mortality than those that hadn’t.The study wasn’t designed to find an explanation for the trend, but the authors speculated that, perhaps, some chronic-pain patients who otherwise would have gotten hooked on prescription painkillers were instead choosing medical cannabis.The paper, which I covered at the time, launched hopes that medical marijuana could help fight the opioid epidemic. If more people used the less addictive and less harmful pot instead of opioids, the thinking went, deaths might abate.But a new paper, published today in the Proceedings of the National Academy of Sciences, throws cold water on that dream. A new set of researchers replicated part of the 2014 study’s findings: That is, from 1999 to 2010, it’s true that the introduction of … [Read more...] about The Misplaced Optimism in Legal Pot
I recently came across a very interesting interview on the EconTalk website. The interviewee was the sports journalist David Epstein, and the topic of discussion was Epstein's recent book, The Sports Gene. This book - an exploration of the nature and nurture of sporting achievement - has been flying off the shelves over the last few months. In fact, a copy recently flew into the hands of President Barack Obama, who bought it for someone as a Christmas present. Obama's tacit endorsement of the book and its subject matter is noteworthy. You see, The Sports Gene is somewhat controversial. It's controversial because it deals with sex differences and racial/ethnic differences in elite sports performance, and because it doesn't attribute these differences entirely to nurture. Nature, says Epstein, plays an important role as well. I have to say I'm not a big fan of the book's title. There's no single gene for prowess in sports, and genes aren't all that matters. But … [Read more...] about Is There a Gene for Winning Gold Medals?
MILFORD, CT — The Milford Board of Aldermen voted 7 to 4 along party lines to approve changing the amount for some permitting fees in the city. Some fees were increased while some decreased and some even eliminated. During the December meeting, Mayor Ben Blake thanked the Board for their consideration of the ordinance. He stated this ordinance was presented by the Joseph Griffith, DPLU Director who was present to answer questions. Blake stated that the permitting fees have not been adjusted since 2002 and it is appropriate for the fees to be reviewed periodically. Blake stated that he is proud of the changes in the Building Department which previously had a bad reputation. He stated that Griffith has done a great job on turning that around and the Milford is now recognized as one of the best places to build. Blake further stated that the past 18 years were reviewed and as well as fees from surroundingAlderman Sutton stated he reviewed the material provided and it appears that … [Read more...] about Some Permit Fees In Milford Increasing