PwC slammed for ‘inadequate’ checks on BHS

Catherine Neilan Share He added: “The report describes the most incredible example of complacent audit rubber-stamping one could fear to imagine. No wonder Sir Philip Green and his fellow Taveta directors didn’t want this report ever to see the light of day… If Sir Philip and his fellow directors really do believe they had proper evidence that BHS was a going concern, then surely they will be happy to put that evidence in the public domain so that BHS employees, pensioners and creditors can judge for themselves.”Field said his Work and Pensions Committee would scour the original report “to make sure that the independence of the regulator is protected from well-resourced plaintiffs who want to gag it.“If material has been suppressed, we will want to look at whether it would be in the public interest to publish it”.He has also written to Green asking him to publish the basis of the ‘going concern’ assessment.A Taveta spokesman highlighted the fact the report was into PwC and Denison and “makes no criticisms of third parties, including Taveta or its directors or employees”, but argued that it had given “an incomplete and potentially misleading picture into BHS’s affairs”. whatsapp Auditing giant PwC has been slammed for multiple failings in its checks on BHS in the days before it was sold for a pound, only a year before the retailer collapse into administration.The firm carried out “inadequate” work on the business, with individuals being “too close to the management”, the Financial Reporting Council has said in a damning report, published after pressure to detail the eight allegations of misconduct that prompted a series of fines made earlier this year. whatsapp “As is widely known, Taveta provided significant financial support to BHS whilst it was under its ownership. However, the report fails to make any reference to the fact that Mr Denison was aware (as we understand he informed the FRC) that substantial assets would also be made available to BHS as part of any sale, which was ultimately the case.“As we confirmed to the FRC, Taveta made available to BHS substantial cash, real estate assets and bank guarantees at completion of the sale which supported the business plan and allowed it to continue to trade. Therefore the report fails to accurately reflect the actual position, and as a result is unbalanced and potentially unfair to Taveta.”PwC apologised for its work falling below the professional standards expected.“This is unacceptable and we agreed the settlement recognising that it is important to learn the necessary lessons,” it said in a statement. PwC was fined a record £6.5m, while former partner Stephen Denison was forced to pay £325,000. Denison was also banned from auditing for 15 years.One of the main criticisms within the report was his failure to properly assess whether BHS was a going concern at the time of the deal.“They failed altogether to discharge these responsibilities,” the report said, highlighting the retailer’s “significant net liabilities”, loss-making stores and its pension deficit as red flags that were missed or ignored.“[The auditors] failed to gather any audit evidence on which to conclude that the going concern assumption was appropriate,” the report added. “Based on the audit evidence obtained, they should have concluded that a material uncertainty existed about BHS Group and BHS’s ability to continue as going concerns.”Frank Field MP, who has been pushing for the report to be made public, described it as “devastating”. PwC slammed for ‘inadequate’ checks on BHS Wednesday 15 August 2018 9:39 am read more

Police called to Boris Johnson’s home after reports of altercation

first_img Tags: Boris Johnson Saturday 22 June 2019 8:40 am Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this Police were called to the home of Boris Johnson and his partner Carrie Symonds in the early hours of Friday after neighbours reportedly raised concerns over a loud altercation. Read more: Boris Johnson’s team denies ‘stitch up’ of Michael Gove “There were no offences or concerns apparent to the officers and there was no cause for police action,” it added. Police called to Boris Johnson’s home after reports of altercation James Warrington In a statement, the Metropolitan Police said officers spoke to the occupants of the address, who were “safe and well”. Boris Johnson leaves Carries Symonds’s home in south London Read more: Tory leadership race: Boris Johnson takes on Jeremy Hunt whatsapp The former Mayor of London is now the frontrunner to replace Theresa May as prime minister. The alleged incident occurred just hours after Johnson topped Thursday’s ballot of Tory MPs, and he now faces foreign secretary Jeremy Hunt in the final round. Johnson, who is the frontrunner in the race to become the next prime minister, lives with former Tory spin doctor Carrie Symonds in her flat in Camberwell, south London. A neighbour told the Guardian they heard a woman screaming followed by “slamming and banging”. Johnson split from his wife Marina Wheeler last year and has been living in Symonds’s home in Camberwell in recent weeks. Johnson’s office has been contacted for comment. whatsapp The neighbour called the police after they knocked on the door but received no response, according to the Guardian.last_img read more

Legal View: No vaccine? Yes, employers can bar you from the office

first_imgMoreover, in circumstances where a person is working in the healthcare sector, or with vulnerable children and adults, and refuses to get the vaccine, there may well be more validity to the request by the employer for vaccinations. She explained to City A.M. that such approach may be part of any employer’s health and safety risk assessment. This may be especially the case in multi-occupancy offices and shared office spaces, such as WeWork. Sector-specific “Yes, potentially,” said Clare Irvine-Fortescue, an employment lawyer at Wedlake Bell in Blackfriars. One final but crucial issue would be for employers to know who actually had the vaccine, and who did not. Show Comments ▼ Irvine-Fortescue set out that, in order to make the Covid vaccination an express legal requirement for employees, an employer would need to set out a vaccination clause in the employee’s contract of employment, explaining the business reason for the variation with a view to reaching an agreement with the employee. whatsapp Pimlico Plumbers was the first company in London to publicly announce a “no jab, no job” policy, after its founder revealed plans to spend upwards of £1m rolling out mandatory vaccinations for its staff. For example, a requirement to be vaccinated may be a reasonable request in the healthcare and care home sectors. So rather than forcing them to get the vaccine, can employers refuse unvaccinated staff entry to their offices? Employers can only access or use that data, in this case whether someone has received the vaccine or not, if the individual in question consents in writing. By contrast, in sectors such as professional services, where employees have been able to work from home effectively during the pandemic, it will be much more difficult for an employer to show that a policy requiring employees to be vaccinated is reasonable, Irvine-Fortescue explained. What are employee rights with regard to refusing the vaccine, for example in their contracts? “Consideration should be given to the other occupiers and, indeed, the landlord may have a view or policy on allowing only those who have been vaccinated into the building as part of his health and safety policy concerning the common parts, lifts and so on,” she noted. “If an employer were to unilaterally vary the employee’s contract, they would likely be in breach of contract.” But just how realistic is this, from an employment law point of view? He told City A.M. that “a policy of ‘no jab, no job’ could raise claims on the grounds of discrimination, if not for unfair dismissal as there will always be some members of staff who cannot take the current vaccines on offer to due to medical, ethical, or religious regions.” Tags: Future of Work Both lawyers do not think employers currently have the contractual right to require an employee to be vaccinated. City A.M. caught up with two legal minds in the Square Mile to find out where employers and their staff stand. Share “While this policy isn’t in the pipeline for many businesses, there will be many conversations taking place to establish how and when businesses can invite their staff back into the workplace safely,” Richardson concluded. “Valid consent must be freely-given [and this] is problematic in an employee / employer relationship as the employee may not have a genuine choice, in which case, any purported consent would be invalid,” Castro-Edwards noted.center_img Michiel Willems Employment contracts So, for employers, there is no legal basis for them to access vaccination data without all of their staff consenting, or without the risk of facing fines or even potential claims from their affected workers. “An employer is more likely to be able to justify a policy refusing unvaccinated staff entry to their own offices than a mandatory vaccination policy, especially in businesses where staff can work remotely,” Irvine-Fortescue said. Thursday 15 April 2021 11:28 am Also Read: No vaccine? Yes, employers can bar you from the office Knowing who had the jab Also Read: No vaccine? Yes, employers can bar you from the office Information about individuals’ health is considered personal data that is tightly regulated by data protection law, said James Castro-Edwards, a data protection lawyer at Wedlake Bell in Blackfriars. “This is a controversial approach and stands on shaky legal ground,” said Philip Richardson, partner and head of employment law at Stephensons in Moorgate. “An isolated claim may be of limited concern, but a group litigation claim that includes hundreds or thousands of disgruntled employees would be a different story,” he warned. Also Read: No vaccine? Yes, employers can bar you from the office whatsapp Also Read: No vaccine? Yes, employers can bar you from the office “In these circumstances, an employee who unreasonably refuses to be vaccinated could, in theory, be fairly dismissed,” according to Irvine-Fortescue. Since the end of the Brexit transition period, so since 31 December, the handling of ‘personal data’ is regulated in the UK by the ‘UK GDPR’, as supplemented by the Data Protection Act 2018. Charlie Mullins told City A.M. “No vaccine, no job… When we go off to Africa and Caribbean countries, we have to have a jab for malaria — we don’t think about it, we just do it. So why would we accept something within our country that’s going to kill us when we can have a vaccine to stop it?” No vaccine? Yes, employers can bar you from the office Also Read: No vaccine? Yes, employers can bar you from the office Also Read: No vaccine? Yes, employers can bar you from the office Ultimately, vaccinations create a conflict of legal protections, where the freedom of individual choice is weighed against the health and safety of others, both lawyers agreed. As the Covid vaccine rollout is in full swing across Britain, with more 32m Brits having received a first dose, an increasing number of employers hinted in recent weeks that they would require their staff to be vaccinated in order to return to the office. “This inherent sensitivity means that the UK data protection authority will treat the misuse of health data as a serious matter,” he explained. The employer should, however, always consider whether there is an alternative to dismissal, such as assigning the employee to another role or permanent home-working, she added.last_img read more

Internet improvements bode well for location-neutral workers in Haines

first_imgBusiness | Science & Tech | SoutheastInternet improvements bode well for location-neutral workers in HainesApril 24, 2017 by Emily Files, KHNS-Haines Share:Gene Cornelius is a stock footage videographer based in Haines. (Photo by Emily Files/KHNS)A number of Haines residents make a living with “location-neutral” jobs.For many of those people, a reliable internet connection is essential for their work.In January, when Alaska Power and Telephone rolled out new internet packages following its Lynn Canal fiber-optic project, internet-reliant workers were paying attention.Gene Cornelius is a stock footage videographer, who films everything from sunsets to trucks driving by, and hopes someone creating an advertisement or documentary will pay a few hundred bucks to use his clips.“I would call this a home office, that’s my kitchen table but there’s no kitchen involved, it’s covered in gear,” Cornelius said. “We’ve got 2 HD monitors, there’s a 5K monitor laptop that’s usually cranking out raw video.”On a recent afternoon, Cornelius types “slow motion eagle” into the search box to pull up one of his most successful clips.“This was a lucky, lucky shot,” Cornelius said. “In Homer, there was an eagle sitting on the dumpster.”You don’t see the dumpster in the clip, just the eagle. It looks to the camera and then flies away in slow motion.“This particular clip has sold 39 times,” Cornelius said.For every clip like this that sells well, there are a lot that no one buys. For stock videographers, quantity is important.“You have to constantly be putting more media up,” Cornelius said. “It’s called feeding the beast.”That has been one of Cornelius’ biggest challenges in Haines.Uploading video from the camera to the computer takes time with any internet connection. But here, upload speeds are more limited.When Cornelius heard AP&T’s newly-installed fiber-optic cable would improve internet packages, he had high hopes. Then the company announced the details.“I was a little bit livid,” Cornelius said.The new offerings significantly increased data caps and download speeds. But upload speeds stayed the same, at one megabit.Cornelius said it does make sense that they focused on download speeds, because that’s what most people use internet for: streaming video, not uploading it.“We are a society of consumers,” Cornelius said. “I mean, here I am making media, but I also consume it.”Cornelius was upset at first, but he said AP&T has been working with him.Later this year, they’re going to install a new modem at his home that he said should double his upload speeds.While Cornelius wasn’t thrilled with the new offerings, other Haines internet-reliant workers, such as Andrew Del Prete, who is a web developer who works for a Texas-based company, have been satisfied.“It was just a breath of fresh air for us,” Del Prete said,Del Prete’s job is somewhat related to what Cornelius does; he works on websites that host stock music and video.He said with his old internet package, the data cap was an issue.“I was going over my internet cap every month,” Del Prete said. “We had the highest plan at 8 megs down, 1 meg up and 80 gigs a month,” he said. “We were pretty much going over that every time. That put a burden on the finances and didn’t allow the kids to watch Netflix or do extracurricular stuff on the internet other than me working.”When AP&T rolled out new packages in January, Del Prete’s speeds tripled and the data cap increased exponentially.Now he’s able to videoconference with his colleagues in Texas without worrying.“I think having faster, more reliable internet will be able to bring a different type of person here,” Del Prete said. “I think having this is another way of bringing people in.”James Alborough, a web designer based in Haines, agreed.“The speeds are faster, the price is lower,” Alborough said. “I think anyone who wanted to move to Haines to do the type of work I do would have no problem doing it.”People moving from the Lower 48 to Haines may still have sticker shock when they see how much internet costs, Alborough said.“But, you know, we live in the middle of nowhere,” Alborough said. “Just having service that enables us to function, to me that’s a win.”Attracting more location-neutral workers to Haines is one of the goals listed in the borough’s comprehensive plan.With better internet, that aspiration may be closer to reality.Share this story:last_img read more

AstraZeneca surpasses revenue expectations as Pfizer bid fades

first_img Tags: NULL whatsapp Oliver Smith Thursday 6 November 2014 8:44 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap AstraZeneca surpasses revenue expectations as Pfizer bid fades center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunElvenar#StayAtHome and Play this Fantasy Game. No Install.ElvenarLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Show Comments ▼ PHARMA giant AstraZeneca yesterday reported that third-quarter revenues had grown five per cent to $6.54bn (£4.09bn), beating analyst expectations of $6.41bn.The results mark the FTSE 100-listed firm’s third consecutive quarter of growth, having rejected a £74bn takeover bid by Pfizer in May.“I’m pleased to report our third consecutive quarter of revenue growth, driven by a strong contribution from our growth platforms,” said chief executive Pascal Soriot. “Brilinta, respiratory and diabetes, our three core franchises, increased sales by 38 per cent in the quarter, supported by continued selective allocation of sales and marketing resources.”In a call with reporters Soriot said hopes of a takeover by Pfizer remained unlikely after US tax changes. AstraZeneca’s shares slipped 0.62 per cent to close at 4,591.50p. whatsapplast_img read more

News / Forwarders who fear the digital age should ‘get out now’

first_img The growing global middle class will lead to more products coming to market and therefore more opportunities for forwarders.But those who fear the transparency digitisation brings should get out now.This was the view of executive director of the Canadian International Freight Forwarders Association (CIFFA) Ruth Snowden when discussing the emergence of digital forwarders.At the International Air Cargo Association’s (TIACA) executive summit in Miami last week, she said digital tools gave the industry the opportunity to remove waste. © Ginasanders By Alexander Whiteman 24/10/2017center_img “Despite the benefits, there is a fear among traditional forwarders of a threat to their business from digitisation and the transparency it brings. To be frank, those that fear to compete in a transparent market probably cannot compete and should get out of the industry.”Ms Snowden said the idea that all forwarders did was input data was nonsense – their focus was shipment optimisation and carrier selection based on industry knowledge.She also said that forwarders which fail to offer value-added services were not likely to survive in the long run.“The margins involved in air freight are simply too low for forwarders to pay people that do not provide any sort of added-value product.“They have to have a set of core competencies and industry knowledge sought by shippers, with digitisation supplementing this through data provision, when it is needed and to those that need it.”IATA global head of cargo Glyn Hughes compared the role of forwarders in the modern economy with travel agents.“They bring enhanced value and, to draw comparison with the passenger business – something I know cargo hates – it’s like travel agents in the age of Kayak and Expedia,” said Mr Hughes.“You have online portals that provide flight costs in a transparent, open way, but you still have travel agents that bring the added value.”Figures from Kayak last year, however, suggested high street travel agents could be extinct within five years as more people book online, and the Association of British Travel Agents (ABTA) said the number of people booking with high street travel agents had dropped more than 30% since 2006, with more than 80% now booking directly.Chief executive of digital forwarder Twills Logistics Troels Stovring said his company had been born out of a legacy forwarder, with a focus on user experience.“Technology should not be seen as a disruptive influence on the industry, but rather an enabler that moves things forward,” said Mr Stovring. “It enables information and data flow but does not remove people … forwarders still need boots on the ground, digitisation just frees them from rudimentary tasks.”Chief operating officer of Freightos Victor Ofstein said the word transparency had had a “complete makeover” since 2012, “when it was seen as a dirty word”.last_img read more

Pharmalot, Pharmalittle: Rising drug prices cost workers’ compensation programs

first_img [email protected] About the Author Reprints Alex Hogan/STAT PharmalotPharmalot, Pharmalittle: Rising drug prices cost workers’ compensation programs By Ed Silverman April 5, 2016 Reprints Tags drug pricesGilead Sciencesopioids Good morning,  everyone, and how are you today? A bright, shiny sun is enveloping the Pharmalot campus, although it is not yet enough to counteract the bitter cold. In fact, our short person, who is under the weather, is staying home to avoid the frosty air. As for us, we are keeping warm with cups of stimulation — our flavor this week is Mocha Java for those keeping track. Meanwhile, here are a few items of interest. Have a smashing day and keep in touch …Rising drug prices contributed to a 2.2 percent increase in pharmacy spending for American workers’ compensation payers last year, according to a report from Express Scripts, the pharmacy benefits manager. Opioids were the costliest type of medicine at $450.90 per-user-per-year, although on average, injured workers received 2.91 opioid prescriptions per year — down from 3.33 prescriptions in 2014.Gilead Sciences is paying $400 million to buy a subsidiary of Nimbus Therapeutics, which is developing a drug to treat an non-alcoholic steatohepatitis, or NASH, which is an increasingly common metabolic disorder that causes life-threatening fat buildup in the liver, the Associated Press writes. NASH can cause inflammation, cell damage, progressive scarring, and cirrhosis of the liver, and affects up to 15 million Americans.advertisementcenter_img Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. @Pharmalot Ed Silverman The Indian Supreme Court is seeking a response from the Health Ministry concerning allegations that Ranbaxy Laboratories supplied adulterated drugs in the country, the Economic Times reports. A so-called Public Interest Litigation was filed by a consumer advocate who seeks to shut down three plants run by Ranbaxy, which is now owned by Sun Pharmaceutical.Sanofi launched the first public immunization program for dengue fever and plans to administer the world’s first licensed vaccine to 1 million schoolchildren, the Associated Press says.advertisement Catalent missed its forecast for returning a suspended softgel facility back to full production, but says production of essential drugs has begun at the French plant, Outsourcing Pharma reports.The Food and Drug Administration approved Descovy, a combination HIV drug developed by Gilead Sciences, according to Business Insider.Even as Indian regulators are upgrading their review standards, plant inspection reports show that Indian facilities had a high rate of data integrity issues last year, PharmaBiz writes.Pfizer reported positive Phase 3 trial results with its PCSK9-inhibitor cholesterol-lowering drug bococizumab, paving the way for a regulatory filing in coming months, PMLive tells us.UK regulators say that an Indian plant run by Rusan Pharma continue to break regulatory rules due to quality-control issues, according to InPharma Technologist.last_img read more

Most antidepressants don’t work on kids and teens, study finds

first_img Related: Privacy Policy Related: Please enter a valid email address. “No one should be on any other antidepressant, and I think it’s doubtful that people should be on Prozac, as well,” said Dr. Jon Jureidini, a child psychiatrist at the Robinson Research Institute at the University of Adelaide in Australia, who wrote a commentary that ran with the study. “The case for Prozac is quite weak.”Prozac was found to significantly benefit children and teens with major depression, though the magnitude of benefit ranged from almost nothing to a dramatic improvement.advertisement @kweintraub Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Karen Weintraub The vast majority of antidepressants given to kids and teens are ineffective and potentially dangerous, according to a new study in The Lancet.Of 14 regularly prescribed drugs, only one — Prozac — proved effective enough to justify giving to children and teens, the researchers found.If medications are given at all, Prozac should be the drug of choice, the study concluded.advertisement Sixty-five percent of the studies were sponsored by pharmaceutical companies, but Cipriani said he was able to use statistical manipulations to reduce any company bias.“I think our data are quite robust. However, we cannot rule out the possibility of sponsorship bias,” said Cipriani, who has earned fees as an expert witness for a generic drug manufacturer that makes some antidepressants. Only one of the paper’s 19 authors reported receiving personal and grant funding from large pharmaceutical companies.More research is needed on the causes of depression in children and teens and on the longterm use of antidepressants, Cipriani said.“The message is, medication should not be an easy answer to the problem of major depression,” Cipriani said, “But at the same time, we have a tool which is effective, so if needed, let’s use it.” Tags antidepressantsdepressionteenagerscenter_img This antidepressant may be no better than cheaper alternatives. But demand could soon soar By Karen Weintraub June 8, 2016 Reprints Depression screening for adults and adolescents has benefits, but don’t ignore the downsides Matt Dtrich/The Indianapolis Star/AP Karen Weintraub is an independenthealth/sciencejournalist, journalism teacher, and bookauthor. HealthMost antidepressants don’t work on kids and teens, study finds Leave this field empty if you’re human: Several doctors warned that patients shouldn’t stop taking their medications because of this study. Abruptly stopping medication can cause problems, including suicidal thinking. And some individuals might still benefit from the other drugs, Cipriani said.“If the patient’s responding to one treatment, they have to keep the treatment, of course. But on average, if I have to start a treatment, probably the best one is fluoxetine [Prozac] and not the others,” Cipriani said.Medication as the only optionThe new paper, a so-called meta-analysis, looked at 34 previously conducted studies. Those studies included more than 5,200 children and teens who took one of 14 antidepressants or a placebo an average of 8 weeks. The study did not consider long-term use of the drugs because there hasn’t been enough previous research to analyze, Cipriani said.Although several of the studies claimed to include patients as young as 6, Cipriani said there was virtually no data on children younger than 9.Dr. Carl Bell, a community psychiatrist and clinical professor emeritus at the University of Illinois at Chicago, said that until recently, he doesn’t remember seeing children younger than 13 who were suicidal or severely depressed. “I don’t know what happened, but now I see it all the time,” he said.In his experience, antidepressants work well on his preteen and adolescent patients.Bell said he would be happy to refer his inner-city patients to social services and therapy, but they’re “pretty much nonexistent” in the communities he serves. “That only leaves one choice,” he said: medications.Questioning methodsOthers raised concerns about the methods used to conduct the study.Prozac looked the best merely because it has been the subject of the most research, said Dr. Maurizio Fava, a psychiatric researcher at Massachusetts General Hospital in Boston.“I think the conclusion is a conclusion that is biased,” he said.Many of the other drugs would have been seen as effective if the study’s authors had properly considered the impact of placebos, he said. Because of the powerful placebo effect in treating depression, only a small number of participants in each of the 34 studies would have shown a benefit beyond the placebo. Only a large study, or multiple studies considering the same drug — as was available for Prozac — would show a benefit, Fava said. Other drugs the researchers analyzed — including Zoloft, Paxil, Celexa, and Cymbalta — showed no benefit over placebo for this age group.About 3 percent of children under 12, and 6 percent of teens worldwide are believed to have depression. It’s not clear how many of them are on medication.Forms of talk therapy, including cognitive behavioral therapy, have been shown to be effective against depression in young people, and regular exercise and adequate sleep can also make a difference, Jureidini said. The vast majority of children do not need to be medicated for their depression, he said, but many are.“What we’re up against is the marketing enterprise of the pharmaceutical industry combined with wishful thinking on the part of doctors and parents that there might be a good, simple solution for adolescent distress,” he said. “It’s something we need to take very seriously, but we don’t need to make it into a medical condition when it most times isn’t.”A different kind of depressionQuestions have been raised before about the usefulness of antidepressants in young people whose brains are still developing. More than a decade ago, the Food and Drug Administration added a black-box warning to a number of antidepressants used by teenagers, saying that they might increase suicidal thinking.In older people, antidepressants like Prozac are believed to trigger the growth of new brain cells and new connections among them, but there is no obvious biological benefit to the developing brains of children and adolescents.Depression also looks different in young people, often showing up as aggressive behavior, irritability or poor school performance, rather than an obviously depressed mood, said Dr. Andrea Cipriani, the University of Oxford psychiatrist who led the new study. About the Author Reprintslast_img read more

Coronavirus: 53 new cases confirmed – 19 of them in Laois

first_img Electric Picnic Coronavirus: 53 new cases confirmed – 19 of them in Laois Home News Community Coronavirus: 53 new cases confirmed – 19 of them in Laois NewsCommunity Facebook Twitter Twitter Dr Ronan Glynn, Acting Chief Medical Officer, Department of Health, said; “The source of transmission for over 90% of cases reported today has been identified.“This is a positive development in light of the number of cases reported over the past few days.“However, our five day average for cases reported is now 47. We all need to continue to adopt a prevention mindset and continue making good choices to protect ourselves and others while trying to live safely with COVID-19.“People are still susceptible, this virus has not changed. We know how to break the chains of transmission.“Let’s stay the course by physically distancing, washing hands regularly, wearing a face covering where appropriate, avoiding crowds and doing all we can to protect each other.” News Electric Picnic organisers release statement following confirmation of new festival date WhatsApp Electric Picnic Nineteen of the 53 confirmed cases of Coronavirus today are in Laois, according to figures from the Department of Health.It is understood a number of these are in a Direct Provision centre – and it brings the new cases in the county to 37 in the last 12 days, behind only Dublin in terms of overall new cases in that time period.The 53 cases recorded today are the highest number of cases recorded on a Sunday since May 31.There have been no new deaths today.Of the new cases in Ireland today, 80% are under 45 years of age while 45 are associated with outbreaks or close contacts of a confirmed case. Four cases have been identified as community transmissioncenter_img Previous articleSlieve Bloom off to winning start as they beat newcomers Colt-ShanahoeNext articleMoment in Time: St Aengus host last awards night before the school is demolished Jenny Miller Pinterest Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR TAGSCoronavirus Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival WhatsApp By Jenny Miller – 2nd August 2020 Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role last_img read more

IIROC introduces secure email service

first_imgJames Langton Hearing for failed PACE Securities execs set for 2021 The Investment Industry Regulatory Organization of Canada (IIROC) has introduced a new, secure email service for communicating confidential information with dealers. IIROC announced Tuesday that it has adopted a new email service for transmitting confidential, private, or sensitive, information between the self-regulatory organization (SRO) and its dealers. The new system, known as OneWorld, facilitates the use of encrypted email. It allows IIROC to protect email transmissions to dealers, and when a dealer replies to an email sent within the service, the response will also be encrypted. Facebook LinkedIn Twitter Keywords Investment dealersCompanies Investment Industry Regulatory Organization of Canada Related newscenter_img The regulator notes that emails sent through the service are deleted 30 days after they are sent. If a firm fails to retrieve an email within 30 days, it won’t be available, so the service should not be relied on for document retention. Dealers are encouraged to develop a procedure to save emails outside of the secure system if a retention period greater than 30 days is required. IIROC also notes that it is currently working on a facility that will allow electronic data files to be transmitted without the file size restriction that’s normally associated with email. It will be testing this solution over the summer, and anticipates full implementation in the fall. Among other things, this facility will be used for regulatory reporting that is currently sent via EMX, it notes. The EMX service will be fully phased out by September 1, at which point all of its historical content will be deleted. Court appoints counsel for investors in PACE Securities wind-up Share this article and your comments with peers on social media Octagon Capital dismissed by IIROClast_img read more