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Charter review deserves time

Charter review deserves time

first_imgMayor Meg Kelly has formed a new Charter Review Commission comprised of the commissioners and deputies, to review the existing charter and propose improvements. Fortunately, the 2016-17 Charter Commission produced a compendium of recommendations in this direction (separate from the Council Manager proposal) that the new commission would do well to consider.Amending the existing charter was our hedge against the possibility that the council/manager proposal was defeated at the polls. So in this way, at least, the mayor’s initiative is in keeping with the former commission’s mandate. If the new commission’s proposal is on the November ballot, there will be plenty of time and space to comment.For now, advocates of charter change need to lower their voices so that the discussion can be heard how the commissioners want to change things. We also need to give Mayor Kelly the consideration due to anyone who enters a competitive election and ends up on top. The voters made their choice, and the outcome deserves its time on the stage.GORDON BOYDSaratoga SpringsThe writer was treasurer of the 2016-17 Charter Review Commission.More from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsSchenectady, Saratoga casinos say reopening has gone well; revenue down 30%EDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen? Categories: Letters to the Editor, OpinionLast November’s referendum on the Saratoga Springs City Charter produced an excruciatingly close result. The 10-vote margin against change, out of more than 9,000 cast has, if anything, amplified the voices on both sides who want the issue to be settled their way. As a member of the former Charter Review Commission and an activist in the Yes campaign, I think it is in everyone’s best interest at this point to lower the volume and give the community a breather.last_img read more

Scottish Enterprise and Subsea UK Sharing Insights into Industry’s Future

Scottish Enterprise and Subsea UK Sharing Insights into Industry’s Future

first_imgDelegates from across the oil and gas industry are being invited to learn about the current state of the subsea industry and what the future might look like at a networking event with Scottish Enterprise.Taking place at the AECC on Wednesday February 7, the ‘Scottish Enterprise Business Breakfast’, will provide guests with a networking opportunity and demonstrate different opportunities across the sector.Industry body, Subsea UK will deliver a presentation on the current landscape and the latest developments and opportunities to unfold.The organisation’s latest business activity review revealed that 80% of large companies and 65% of SMEs believe that their exports will grow over the next three years. Scottish Enterprise and Subsea UK will be on-hand at the breakfast event to provide guidance on how delegates can capitalise on these business opportunities and more at Subsea Expo.David Rennie, head of energy, oil and gas at Scottish Enterprise, said: “Scottish Enterprise aims to work with ambitious companies to support business growth. By helping Subsea Expo delegates understand what the future of the UK’s subsea environment will look like and the opportunities available to them, we are looking forward to providing the necessary guidance and support.”Chief executive of Subsea UK, Neil Gordon, added: “Networking opportunities like the ‘Scottish Enterprise Business Breakfast’ are invaluable in providing important industry insights and predictions for the future to delegates at Subsea Expo. We’re encouraging representatives from organisations across the region to register their attendance and take advantage of the insights and support on offer.”last_img read more

Argentine woes see Codere issue profit warning

Argentine woes see Codere issue profit warning

first_imgShare StumbleUpon Related Articles Mozzartbet sets sail in South America taking over Meridianbet Colombia July 22, 2020 Submit Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations.Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition.The firm has accounted for a number of Argentine impacts, detailing that it anticipates a 29% decline in ARG market earnings as its biggest operational division fails to hit the €100 million revenue mark during Q2 2019 trading (projected €80 million).The statement read: “Faced with recent events in Argentina following the results of the primary elections, which have generated a significant devaluation of the Argentine peso, as well as a deterioration in the valuation of the country’s sovereign debt and the majority of shares listed on its stock market, the company makes public information regarding the contribution of our local business unit to the group’s results as a whole and to the impact of the devaluation of the peso on our expectations of results in 2019.”Mitigating Argentine economic realities, in 2018 Codere governance was allowed to adjust the firm’s corporate auditing frameworks by separating its ARG division impacted results from its core business reporting. Despite its continued Argentine woes, Codere still expects to deliver improved results on 2018 trading. It anticipates an adjusted EBITDA of €70 million (Q2 2018: €65m), with the firm detailing solid LATAM performances registered in the markets of Mexico, Colombia and Uruguay. H1 results will be published on 13 September. Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Codere merges Italian fruit machine units forming CODWIN July 3, 2020 Sharelast_img read more