Drugs in Chinese seafood trigger FDA import ban

first_imgJun 28, 2007 (CIDRAP News) – The US Food and Drug Administration (FDA) today banned importation of five types of farmed Chinese seafood because of contamination with outlawed antimicrobial drugs, including one that can spawn antibiotic resistance.The FDA banned farm-raised catfish, shrimp, eel, dace (a carp-like fish), and basa (similar to catfish) from China after testing over an 8-month period revealed many cases of contamination with drug residues, according to an agency news release.The contaminants include nitrofuran, malachite green, gentian violet, and fluoroquinolone, the agency said. The first three cause cancer in lab animals with prolonged exposure, while fluoroquinolones are a class of antibiotics whose use in food animals has been known to promote resistant bacteria. All four are banned in farmed seafood in the United States.China outlaws the use of nitrofurans and malachite green in fish farming but allows fluoroquinolones, the FDA said. It did not say whether China allows gentian violet use.”We’ve now reached a point where between October 2006 and May 2007 over 15% of samples we tested were positive,” David Acheson, the FDA’s assistant commissioner for food protection, said at a teleconference today. “That basically reaches a point where we need to set up controls that are broader than company by company. The best way to protect public health in America is to broaden it to country-wide.”The drug residues have been at low levels, and there is no imminent threat to public health, he said. “However, the substances could cause serious problems if consumed over a long period of time.”The FDA said it is not seeking a recall of the Chinese products already in the United States or advising consumers to return or destroy products on hand. “FDA is concerned about long term exposure as well as the possible development of antibiotic resistance,” the agency said.Imported seafood is not required to be labeled with the country of origin, though some products have such labels, FDA officials said.Officials said individual companies will be allowed to resume exporting the affected products to the United States if they can demonstrate that they are free of the contaminants and were processed in accord with FDA and Chinese government requirements.China accounts for 70% of the global supply of farmed fish and is the third largest exporter of farmed fish to the United States, said Acheson. However, he said he couldn’t estimate the economic effects of the ban on China, commenting. “FDA does not track those sorts of economic issues.”The FDA’s concern about Chinese seafood dates back several years. “We began to see these problems in farmed fish from China predating 2001,” said Margaret O’ K. Glavin, associate commissioner for regulatory affairs.The agency began barring some seafood products from certain Chinese companies in 2001. Last year the FDA barred all Chinese farmed eel because of malachite green, Glavin said. She said the agency inspects about 5% of Chinese seafood, a larger share than for seafood from other countries.Officials said the FDA has been working extensively with Chinese authorities on the problem but still finds it necessary to take action to protect US consumers.In the past the FDA allowed the use of fluoroquinolones in poultry, but in 2000 the agency proposed to ban such use because it was linked with antibiotic-resistant Campylobacter in poultry meat. The concern was that human Campylobacter infections associated with raw or undercooked poultry would become harder to treat.When the FDA first proposed its ban on fluoroquinolones in poultry, one of two drug companies that made such drugs for poultry voluntarily withdrew its drug from the market. But another company appealed the decision, which led to a series of hearings. The FDA finally made the ban official in 2005.See also:Jun 28 FDA news releasehttp://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/2007/ucm108941.htmJuly 29, 2005, CIDRAP News story “FDA to ban enrofloxacin use in poultry”http://www.cidrap.umn.edu/cidrap/content/fs/food-disease/news/july2905baytril.htmlJul 28, 2005, FDA news release about the ban on fluoroquinolone use in poultryhttp://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/2005/ucm108467.htmlast_img read more

These are the Brisbane suburbs where the property market has hit its peak

first_imgProperty analyst Michael Matusik BRISBANE HOMES HAVE BECOME EVEN MORE AFFORDABLE DESPERATE SELLERS SLASHES PRICE More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoThis included sales value, price movement, stock on market, vacancy rates, rental movements and new supply and demand.Looking at the detached house market Mr Matusik said those at a peak were not necessarily about to fall from that position any time soon.“A peak means what their rate of growth is going to slow, so it is peaking, it doesn’t necessarily mean they are going to fall in value yet,’’ he said.Upswing areas were nominated because their rate of sales growth was starting to escalate.He said the north and south suburbs were higher than Brisbane suburbs because those were areas which had experienced a lot of investment selling in the current cycle. Suburbs in Brisbane’s east are in upswing according to Michael Matusik. This home at 69 Gresham St, East Brisbane is listed for sale through expressions of interest closing March 25.THE majority of Brisbane’s suburbs are in positive territory with new research revealing all the regions are performing well.Analysis of the Brisbane market, by Michael Matusik of Matusik Insights, puts Brisbane’s northern, southern and inner Brisbane suburbs at the peak of the market.He identified Brisbane’s east as on the upswing and the western suburbs between recovery and upswing.Mr Matusik said he analysed a range of factors to determine where suburban regions sat on the property clock. Brisbane’s western suburbs are also entering an upswing. This home at 38a Scenic Rd, Kenmore, is for auction on March 25. Picture: realestate.com.au“And the areas in the upswing have not go to that hottest state yet, they will,’’ he said.He said Brisbane suburbs would be higher up that cycle if it wasn’t for the 2011 floods, which had put the market back two years in terms of momentum.Mr Matusik said it was a fairly positive picture with no Brisbane suburban regions in downturn at the moment or stagnating.While those who own in areas that were stagnating might not be happy, Mr Matusik said that was the perfect time to buy.“That’s when a lot of people should be really looking for property but they don’t because it is all “doom and gloom’’ and “the market is rubbish’’ so people usually buy high in the upswing or in the peak.last_img read more

Dutch roundup: ING, Vervoer, PDN, APF, BPLandbouw, Koopvaardij, PNO Media

first_imgING’s closed €25bn pension fund in the Netherlands has benefited greatly from falling interest rates, returning more than 32% on investments over 2014.The combination of falling interest rates – which dropped from 2.7% to 1.4% – and the scheme’s 76% allocation to government bonds and interest rate swaps led to a return of more than 40% on fixed income holdings over the period.The ING scheme, which has been closed to new entrants since last year, said increasing spreads between the large economic blocs had generated returns on governments bonds and interest swaps with a 50-year duration of up to 50%.The pension fund’s 16% equity allocation returned 17.6%, with US equity returning almost 10%. Emerging market equities returned 1.1% due to currency appreciation against the euro, as well as falling oil prices.The scheme reported a 21.6% annual return on its 4.7% real estate portfolio.Listed property returned 8.7% over the course of 2014 on the back of a 12% fourth-quarter return. Its 2.6% alternatives allocation, comprising hedge funds and private equity, returned 19.3%.However, the scheme said it incurred a 1.4% loss on its 50% hedge of the six main positions in foreign currencies last year.The ING pension fund closed the year with a funding ratio of 129.9% against market rates, equating to a coverage of 89.2% in real terms and an ‘official’ funding of 144.8%.In other news, the €19.6bn pension fund for private road transport (Vervoer) reported an annual return of 27.6%.The pension fund, which did not publish a breakdown of its returns, had allocations to fixed income, equity and real estate of 59%, 28.5% and 2.1%, respectively.In 2014, it hedged 85% of the interest risk on its liabilities, covering 100% of the risk on the main currencies.However, due to increased liabilities as a consequence of falling interest rates, its coverage ratio increased by 2.5 percentage points to 111.5% last year.It noted that its funding was still based on the three-month average of market rates, and estimated that, if interest rates remained at their current level, its coverage ratio would drop by 5.4 percentage points by year-end.Meanwhile, the €6.7bn pension fund of chemical conglomerate DSM (PDN) and the €5bn Dutch scheme of Akzo Nobel (APF) both returned 17.7% on investments last year.The €13.1bn industry-wide pension plan for the agricultural sector (BPLandbouw) and the €3.8bn scheme for the merchant navy (Koopvaardij) reported annual returns of 20% and 20.9%, respectively.PNO Media (€5.1bn) and the pension funds for Architects (€3.5bn) announced results of 16% and 18%, respectively.last_img read more

People moves: APG names admin chief for efficiency drive

first_imgLGPS Central was set up to consolidate roughly £40bn of assets from nine local government pension schemes. Burns joins other recent senior staff appointments including Andrew Warwick-Thompson, CEO, and Jason Fletcher, CIO.Lægernes Pension – Peter Melchior has been appointed as the new supervisory board chairman of Lægernes Pension, the Danish doctors’ pension fund. He is replacing Linda Nielsen, who is stepping down for private reasons, the pension fund said. Melchior has been a member of the supervisory board at Lægernes Pension since 2012, and has had a long career in the pensions sector. He was on the management board of labour-market pension fund provider PKA until 2012, where he was in charge of investment, IT, finance and accounts as well as risk management and the actuarial department among other areas.Autorité des Marchés Financiers (AMF) – Natasha Cazenave has been promoted to managing director, head of policy and international affairs at the French financial markets supervisor. She replaces Guillaume Eliet, who left the AMF after 12 years in regulatory policy to join Euroclear. Cazenave has been at the AMF since December 2010. She first worked as a senior policy officer in the asset management regulation division of the policy and international affairs department, and rose to become the division head in 2012. She was appointed deputy head of the entire department in February 2015. On an international level, she is co-chair of the Financial Stability Board’s expert group on shadow banking, and chair of the IOSCO policy committee on investment management in September 2012.RPMI Railpen – The investment manager for the UK railways pension scheme has appointed Jocelyn Brown as senior investment manager within its sustainable ownership team. She will lead on corporate governance and report to Leo George, head of sustainable ownership at Railpen. Brown was previously at proxy advisory firm International Shareholder Services (ISS), where she was the global head for environmental, social and governance (ESG) product management. She also worked as a corporate governance adviser at the Financial Reporting Council, where she was the implementation lead for the UK Stewardship Code.  Legal & General (L&G) – Daniel Godfrey, former chief executive of the Investment Association (IA), has been appointed to L&G’s independent governance committee (IGC), which oversees the workplace defined contribution (DC) schemes operated by L&G. He left the IA in 2015 and has since co-founded an investment trust, The People’s Trust, that he is positioning as a true long-term investor. Godfrey replaces Tony Filbin on the IGC, who stepped down in August.Meanwhile, L&G’s DC master trust has appointed Moira Beckwith as a trustee. She had been at GlaxoSmithKline since 1995, where she was responsible for benefit programmes, including UK benefit and pension plans. She also replaces Filbin.Aon – Steve Bale has been appointed as a principal consultant in Aon’s risk settlement team. He spent the last seven years with Legal & General, latterly as a Prudential risk actuary covering large UK and US pension risk transfer deals. He was head of longevity risk for two years before then, responsible for leading the delivery and approval of pricing, reporting and capital longevity proposals for UK and US clients. Since 2014 he has chaired the Continuous Mortality Investigation’s (CMI) high age mortality working party and been a member of its mortality projections committee.Raiffeisen Capital Management – Joachim Vierlinger joined the asset manager this week as senior institutional sales manager. He will mainly be responsible for institutional clients in Austria. He was previously a senior sales and relationship manager at Invesco Asset Management in Austria.PineBridge Investments – The asset manager has hired Gregory Ohlson to the position of consultant relations manager, joining the firm’s Europe, Middle East and Africa consultant relations team. Ohlson was previously senior relationship manager at Candriam, and has worked at L&G Investment Management, Itau Asset Management, AEGON Asset Management and AXA Investment Managers.EY – The audit and consulting giant has re-hired Mark Godson as a partner in its actuarial team. He joins from Swiss Re Life Capital where he was a senior member of the mergers and acquisitions team. Prior to this he worked at EY for 10 years in its actuarial department in the UK and Singapore. APG, LGPS Central, Lægernes Pension, AMF, Railpen, ISS, L&G, Aon, Raiffeisen, Pinebridge, Candriam, EY, Swiss Re Life Capital, Muzinich & Co, AIBAPG – Wim Henk Steenpoorte has been appointed to the executive board for APG, the Netherlands’ largest pension fund manager. He has specific responsibility for pension fund services, and will serve a four-year term. His role gives him oversight of pension administration and communication to reduce complexity and increase efficiency. Before his appointment he was serving as interim chief operations officer at APG, and since 2015 he has been an independent consultant. Prior to this, he held various management and executive positions at financial services companies SNS and VIVAT.Gerard van Olphen, chairman of APG’s executive board, said: “We want to give participants in pension funds maximum pension value. That is why we will be setting up our pension administration and communication even more effectively and efficiently in the years to come. Wim Henk Steenpoorte is better suited than anyone to take on this important task and put the focus on the interest of the participant.”LGPS Central – The UK local authority pension fund pool has hired John Burns as chief operating officer and chief financial officer. He has held similar positions at a number of asset managers including Barings and Schroders. In his new role, he will oversee the pool’s asset management operations, liaise with internal and external providers, and oversee the financial management of the company.  Muzinich & Co – The fixed income specialist has opened an office in Dublin, Ireland and has hired Howard Mahon as director for pan-Europe private debt to be based in the Irish capital. Mahon joins from AIB where he worked in the bank’s Specialised Finance Unit, specialising in subordinated and alternative debt. Muzinich, which is a provider for the Irish Strategic Investment Fund, said private debt was “a relatively new but growing segment of the Irish investment market”.last_img read more

Public Servants with Underlying Health Conditions Asked to Stay Home

first_img Share Tweet Share The Hon Prime Minister, Roosevelt Skerrit in a Facebook post told public servants with underlying health conditions to stay at home.The post said that this is a preventative measure to limit the spread of COVID19.Underlying health conditions heighten the risk of contracting the new coronavirus.The statement listed: Asthma, Cancer, Cystic Fibrosis, Chronic Obstructive Pulmonary Disease (COPD), Emphysema or Bronchitis, Primary Immunodeficiency (PID) Chronic Heart Disease, Kidney Disease, Liver Disease or neurological conditions like Parkinson’s Disease.Other people at risk are those with Motor Neurone Disease, Multiple Sclerosis, a Learning Disability or Cerebral Palsy, Diabetes, Sickle Cell Disease, HIV, AIDS and those who have had their spleens removed.The Prime Minister’s office asks those public officers to stay at home for 14 days in the first instance. 128 Views   no discussionscenter_img Share CoronavirusLifestyleLocalNews Public Servants with Underlying Health Conditions Asked to Stay Home by: – March 25, 2020 Sharing is caring!last_img read more

Lady Cardinals Split Battle With Lady Eagles

first_imgThe 7th Grade Lady Cardinals finished the regular season with a loss against the Jac-Cen-Del Eagles. 25-9, 25-22. Sylvia Eckstein, Mary Hunter and Catherine Streator shared the top serving position with 3 points which included an ace by each. Izzy Price, Ingrid Tuveson and Olivia Freeland served up 2 points each followed by Megan Raab and Isabelle Wonnell with a point each. Kate Weber led the offense with 2 attacks along with Olivia Freeland and Isabelle Wonnell swing for an attack each. Defense was dominated by Sylvia Eckstein.The 8th Grade Lady Cardinals pushed through to record a win against the Jac-Cen-Del Lady Eagles. 25-18, 25-22.  Ellie Cornett and Lilly Wonnell topped the score board with 7 points each. Audrey Beiser contributed 5 points along with Regina Gerstbauer and Elizabeth Gigrich scored 4 points each followed by Faith Tekulve and Ava Allen with 2 and 1 point respectively. The whole team work together passing the ball to help setup the offense. Ellie Cornett led the offense with 7 attack at the net. Elizabeth Gigrich had the only 2 kills of the night.Courtesy of Cardinals Coach Jennifer Meer.last_img read more

AFCON ’92 Eagles star Ajibade Babalade is dead

first_imgRelatedPosts Super Eagles soar on FIFA ranking FIFA ranking: Nigeria moves up by two spots, now world 29th Omeruo welcomes second child Former Super Eagles defender, Ajibade Babalade, is dead.Available information has it that Babalade, who played a part in the Senegal ’92 African Cup of Nations with the Super Eagles, died on Friday in Ibadan, the Oyo State capital. Cardiac arrest was identified as the cause of his death, The PUNCH learnt.The newspaper said it learnt Babalade, 48, died while being rushed to the University College Hospital, Ibadan.He is survived by a wife and three kids, who are all based in the United States of America.Babalade’s Senegal ’92 teammate, Ike Shorunmu, confirmed the death of the Lagos-born ex-footballer.Tags: African Cup of NationsAjibade BabaladeIke ShorunmuSuper Eagleslast_img read more

West Brom looking to bag some cash

first_imgWest Brom are looking for new investment as they assess their options in the wake of the Barclays Premier League’s new mammoth TV deal. Chairman Jeremy Peace, though, remains hands on and his authority and commitment to the club is not in question. Peace has previously looked for new backers to aid the Baggies and this time is no different as the club try to progress. The trigger comes from the new TV deal, worth more than £5billion to the Barclays Premier League, which was signed this week. It represents a 70 per cent rise on the current £3bn contract for live screening of top flight matches at home and abroad and will run for the 2016-2019 seasons. Sky paid £4.17bn for five of seven packages on offer, equating to 126 live games. BT Sport spent £960m on two, which nets them 42 matches. The Premier League will now net £113,000 a minute from their domestic television rights. The Baggies are chasing a sixth straight season in the top flight and are four points above the relegation zone ahead of Saturday’s FA Cup fifth round visit of West Ham. Press Associationcenter_img The Baggies would welcome fresh backers and are believed to have spoken to contacts in the City. They are looking at home and abroad – with the search not limited to foreign investment, Press Association Sport understands. last_img read more

BOA Lawyers’ League: AELEX, Falana Aiming to Consolidate

first_imgDuro IkhazuagbeAfter AELEX picked the first win of Group A in the 2019 BOA Lawyers’ Football League that commenced last weekend, the law firm will today try to consolidate on that victory when they confront Perchstone & Graeys LP this afternoon at AstroTurf 2000 in Ikoyi, Lagos.Similarly, favourites Falana & Falana leading Group B on three points have a date to keep with another past winner of the tournament, Lagos State Ministry of Justice (LSMJ) in top of the billing clash. Falana lost their crown to Olisa Agbakoba Legal in the final of the last edition.Before these two top games, Pinheiro LP is to tackle Templars in the opening match of the second week.Other matches billed to hold today include; the clash between SOOB/NICCOM LLP and Olaniwun Ajayi, BA Law LLP/ Probitas Partners LLP versus DOA Law/Greychapel Legal, Aluko & Oyebode against ALP/SPA Ajibade and the battle between Wole Olanipekun/Dele Adeshina and UUBO/ACAS Law.In the opening week of the BOA League, Aelex defeated Aluko & Oyebode 1-0 while Perchstone & Graeys LP battled to a 1-1 draw with George Etomi/FRA Williams.Falana defeated Wole Olanipekun/Dele Adeshina 1-0, UUBO/ACAS Law drew goalless with LSMJ, while SOOB/NICCOM LLP beat Pinheiro LP 2-0.The BOA Lawyers’ Football League is held annually in memory of the late notable lawyer, Mr. Bankole Olumide Aluko, a founding partner in the law firm of Aluko & Oyebode (A & O).He died 17 years ago and ever since, his colleagues and associates have celebrated his life and times with the tournament.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Flings, Antwi set for IAAF World Indoor Championships

first_imgTwo Ghanaian athletes will compete at the 17th IAAF World Indoor Championships in Birmingham, UK from 1st to 4th March. Sprinters Flings Owusu-Agyapong (60m) and Sean Safo-Antwi (60m) booked their tickets last year for the World Indoor Championships. Flings, 29, will be representing Ghana for the third time at the World Indoor championships having last competed at the 2012 and 2015 World Indoor Championships. Her season best in the 60m sprint heading into the championships is 7.35 secs. Sean, 28, will be making his debut appearance for Ghana at the Indoors. He opened his season by clocking 6.64s in the 600m in Mondeville, France on 3rd February. How they qualified:  Sprinter Sean Safo Antwi met the entry standard for the IAAF World Indoor Championships Birmingham 2018 after clocking 6.56s in the men’s 60m to meet the IAAF’s qualifying mark of 6.63s. Antwi, who is based in the UK, has a personal best 6.55s (PB). Sprinter Flings Owusu Agyapong met the entry standard for the IAAF World IndoorChampionships Birmingham 2018 after clocking 7.26s in the women’s 60m to meet the IAAF’s qualifying mark of 7.30s. Flings, who is based in the USA, has a personal best 7.18s (PB). Meanwhile, two other athletes, Emmanuel Dasor (400m) and Alex Amankwa’s (800m), have passed on the opportunity to compete.last_img read more