Deal on Irelands debt could be reached

first_img Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Twitter Gardai continue to investigate Kilmacrennan fire A deal to save Ireland billions of euro, by extending the amount of time it has to repay part of the bailout debt, could be reached in Brussels today.Talks on extending the maturities on the portion of the bailout that came from Europe will continue among EU Finance Ministers today – and it’s understood the Eurozone Ministers are looking favourably on the deal.The Finance Minister Michael Noonan will chair today’s meeting of all 27 EU Finance Ministers in Brussels – with a deal on extending the maturities of the EU loans received by Ireland and Portugal on the agenda.The proposals would see the length of time Ireland has to repay its debt extended from 12 years for most of the loans – to 15 years, saving billions of euro and taking some of the pressure for harsh budgets off the Government.It’s understood the IMF will not be extend the maturities on its part of the bailout.The Government is cautiously optimistic that a deal will be reached today. Pinterest Twitter 75 positive cases of Covid confirmed in North center_img Facebook Deal on Irelands debt could be reached Facebook Previous articleMan dies in Galway crashNext articleCreeslough family ‘humbled’ by local support for struggling businesses News Highland By News Highland – March 5, 2013 365 additional cases of Covid-19 in Republic News Google+ WhatsApp Further drop in people receiving PUP in Donegal last_img read more

System Of A Down’s Daron Malakian Confirms Ongoing Delay Of Band’s Next Studio Album

first_imgSystem Of A Down fans who are hoping for the arrival of the band’s next album before the end of the decade may be waiting a little longer than they’d hoped.Earlier this week, the Armenian-American hard rock band’s guitarist, Daron Malakian, revealed that their first studio effort since 2005’s Hypnotize is still nowhere close to hitting the shelves. It’s worth noting that the band is still active and scheduled to perform at numerous events in 2019, including the inaugural Sonic Temple Music Festival and Chicago Open Air.Related: A New Guns N’ Roses Album Is In The Works, Band Members Confirm“I’m the main writer for System of a Down, so when there’s talk about maybe making an album, a lot of that kind of comes down on my shoulders to produce that album,” Malakain admitted in the interview, in which he also discusses new music via his other band, Scars on Broadway.He admits that some of the material included on Scars on Broadway’s 2018 album, Dictator, was initially penned for System of a Down. When nothing ended up happening with S.O.D., Malakain ended up using those songs for Scars’ album, even though System had spent time rehearsing the album’s opening track, “Lives”.Malakain continued in stating, “System of a Down doesn’t seem like we’re really coming together and making an album. So, I can’t sit on the songs forever … There was a time that I was waiting and rooting for it and hoping it happens, but … I’m kinda really happy with what I’m doing with Scars.”With no new album on the horizon for System of a Down, the band’s fans continue to undergo the same struggles experienced by Guns N’ Roses fans, who spent years waiting for the arrival of Chinese Democracy before it finally arrived in 2008. So they’ve got that going for them, which is nice.[H/T Consequence of Sound]last_img read more

$8.7 million Vermont economic stimulus bill focused on jobs

first_img AttachmentSize S_288_As_Passed_Senate.xls24.5 KB The Vermont House is expected to begin working next week on an $8.7 million economic stimulus bill that its Senate sponsor says will put a lot of contractors to work.The federally funded measure, which would pump money into several of the state’s economic development programs, passed the Senate on a voice vote last month (see summary attached). Governor James Douglas says he supports the legislation.The funding is available to Vermont as part of the national economic recovery package developed last year by President Barack Obama and the Democratic-controlled Congress .Senator Vincent Illuzzi (R-Essex-Orlean), the bill’s main architect, says its provisions are intended to help repair some of the damage inflicted on Vermont’s economy by the national recession. While there’s no firm estimate of the number of jobs the legislation may create or save, Illuzzi suggests that its impact will be felt in many parts of the state and by Vermonters in many industries.The largest chunk of money in the bill, $2.9 million, is earmarked for providing 10,000 unconnected Vermont homes and businesses with broadband Internet links. Access to telecommunications and broadband services is this era s equivalent to rural electrification in the 1930s, the legislation declares.An existing state fund providing seed capital for Vermont start-up businesses would receive a $1 million infusion through Illuzzi’s legislation. He notes that the fund’s managers have identified 38 Vermont firms in fields such as life sciences, agriculture and software that are together seeking $45 million in early-stage equity capital. It’s estimated that as many as 700 jobs could be created if these entrepreneurs had access to their envisioned funding.Private capital markets have not been lending in the needed amounts, Illuzzi says. The legislation notes that although Vermont banks have made dramatic increases in their commercial lending in the past year, venture capital investment remains at dramatic lows, down nearly 33 percent in the last year alone.Another $1 million in the Senate’s stimulus bill is destined for job retraining programs. The state fund that covers these initiatives is likely to run out of money this month, preventing as many as 2000 Vermonters from receiving workforce training in manufacturing, health care, telecommunications and environmental engineering.Dairy farmers are also due to be helped by the legislation. It sets aside $1 million for an agriculture credit program overseen by the Vermont Economic Development Authority. The loan money will enable farmers to refinance or consolidate their existing debt, Illuzzi says.VEDA would also get $800,000 to be used for interest-rate subsidies on loans to Addison County businesses hurt by the closure of the Champlain Bridge. Businesses can qualify on the basis of higher expenses incurred as a result of increased travel costs.The legislation provides smaller amounts of money for a variety of additional programs, including $300,000 for the Department of Tourism and Marketing for additional media buys; $100,000 in tax credits for downtown and village center businesses; $150,000 for planning work on an aviation technical training center at Burlington International Airport; $100,000 for the Vermont Film Corp; $70,000 for rural emergency medical services; and $50,000 for a neighbor-to-neighbor project administered by Area Agencies on Aging around the state.The bill now moves over to the House where it is expected to move quickly. According to House Speaker Shap Smith s office, testimony on the bill will be taken up by the House Commerce and Economic Development committee next week, which is expected to at least tweak the legislation before it moves forward.By Kevin J Kelley. Vermont Business Magazine.last_img read more