Economists raise fears over Rishi Sunak’s new job support plan

first_imgThursday 24 September 2020 4:03 pm However, business groups welcomed the plan, saying that supporting “viable” jobs was the right approach to take. Chancellor Rishi Sunak’s emergency spending and tax cuts are set to cost over £280m in the next financial year. (POOL/AFP via Getty Images) Also Read: Economists raise fears over Rishi Sunak’s new job support plan The new schemes are designed to “consolidate the recovery”, he said. The IoD’s director-general Jonathan Geldart said that though the schemes would bring businesses “some relief”, it was “not yet clear how much the Job Support Scheme will help hard-pressed firms hold onto staff”. Kevin Ellis, chairman and senior partner at PwC, said the new policy marked a shift away from the rescue package announced back in March. As a result, said Howard Archer, chief economic advisor to the EY Item Club, there are likely to be a large number of redundancies at businesses which are not viable when the furlough scheme ends. “Alongside its economic response, we hope that the government will enable a safe, secure and flexible return to the workplace as soon as possible.  Economy cannot ‘hibernate’ over the winter “Why would an employer, struggling to stay afloat and uncertain when the economic tide will change, pay this additional cost? Many may opt for simply reducing workers’ hours without top up or proceeding with redundancy”, he said. Chancellor Rishi Sunak’s emergency spending and tax cuts are set to cost over £280m in the next financial year. (POOL/AFP via Getty Images) whatsapp Economists raise fears over Rishi Sunak’s new job support plan Aidan Shilson-Thomas, senior researcher at think tank Reform, said the new scheme had a “in-built disincentive for employers”. BCC director general Adam Marshall said: “The measures announced by the chancellor will give business and the economy an important shot in the arm.  whatsapp Edward Thicknesse “However, there are still likely to be job losses when the furlough scheme ends in October, albeit in companies that were not viable.  Share “The chancellor’s intervention may also do little to support jobs at companies which may face short-term challenges, even if their longer-term prospects are more favourable.” “The virus is not going to go away quickly so we need to find a way of living with it. Hibernating through the winter is not an option for our economy.” “With employers now having to pay at least 55 per cent of the normal wages of their employees it is clear that many jobs will be lost over the coming months.” The centrepiece of the chancellor’s scheme is a new “Job Support Scheme”, which will replace the existing furlough initiative. “Today’s announcement is undoubtedly an important intervention by the Chancellor and is likely to save a substantial number of jobs”, Archer said.  Economists this afternoon raised concerns that Rishi Sunak’s new support measures could lead to many workers losing their jobs as they do not encourage firms to keep employees on. Show Comments ▼ Paul Johnson, director of the Institute for Fiscal Studies, said: “[Sunak] is trying to plot a difficult path between supporting viable jobs while not keeping people in jobs that will not be there once we emerge from the crisis. “These bold steps from the Treasury will save hundreds of thousands of viable jobs this winter. It is right to target help on jobs with a future, but can only be part-time while demand remains flat. This is how skills and jobs can be preserved to enable a fast recovery”, she said. 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Chancellor Rishi Sunak’s emergency spending and tax cuts are set to cost over £280m in the next financial year. (POOL/AFP via Getty Images) Also Read: Economists raise fears over Rishi Sunak’s new job support plan Focus on jobs ‘with a future’ right Dame Carolyn Fairbairn, CBI director-general, said that it was right for the Treasury to focus on jobs “with a future”. Although workers will receive a minimum of 78 per cent of their wages, the government will only pay 22 per cent of this. Under the furlough scheme, the government was paying 80 per cent. Before the Open newsletter: Start your day with the City View podcast and key market data “The new wage support scheme will help many companies hold on to valued employees after furlough ends, and the extension of business lending schemes and tax forbearance will lessen the immediate pressure on cash flow for many affected firms.” “A huge amount of work has been done to deliver COVID-secure offices and restore confidence in the public transport network. Getting employees back to the workplace safely is essential to foster innovation, support mental health and deliver the footfall needed for the hospitality and retail sectors. Although welcoming the new support, the City of London Corporation Policy Chair Catherine McGuinness said that it was crucial for the government to find a way to get people back to their places of work.last_img read more

President Trump: Summit with Kim Jong Un is on for June 12

first_imgFederal Government | Nation & World | NPR NewsPresident Trump: Summit with Kim Jong Un is on for June 12June 2, 2018 by Scott Horsley, NPR Share:Updated at 5:00 p.m. ETPresident Trump says his nuclear summit meeting with North Korean leader Kim Jong Un is back on.“We’ll be meeting on June 12 in Singapore,” Trump told reporters on the South Lawn of the White House, after escorting Kim’s top deputy, Kim Yong Chol, out of an Oval Office meeting.“It will be a beginning,” Trump said of the summit, which aims to pave the way toward eliminating North Korea’s nuclear program. “I’ve never said it happens in one meeting. You’re talking about years of hostility, years of problems. Years of — really — hatred, between so many different nations. But I think you’re going to have a very positive result.”Kim Yong Chol delivered a personal letter to Trump from the North Korean leader. Trump told reporters it was a “very nice letter …. a very interesting letter.” Moments later, he said he “hadn’t seen the letter yet” and had purposely not opened it.The White House visit — the first by a North Korean official in nearly two decades — follows two days of meetings in New York between Kim Yong Chol and Secretary of State Mike Pompeo.Trump had abruptly canceled the planned summit with Kim last week, citing anger and hostility from North Korea. But since then, there’s been a flurry of diplomatic activity as officials worked to revive the meeting.Trump described the session with Kim Yong Chol as a positive, introductory session.“I think that we’re going to have a relationship and it will start on June 12,” the president said.Trump said he did not discuss human rights Friday with Kim Yon Chol, but said he “probably will, and in great detail” during his upcoming meeting with Kim Jong Un.Trump said North Korean officials asked about sanctions, which Trump said will remain in place.But he appeared to soften his rhetoric towards North Korea, saying “I don’t want to even use the term maximum pressure anymore,” Trump said, “because we’re getting along.” He said the relationship between the U.S. and North Korea “is as good as it’s been in a long time.”Copyright 2018 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

Pharmalot, Pharmalittle: VA will provide hepatitis C drugs to all vets

first_img By Ed Silverman March 10, 2016 Reprints A Florida man admitted to conducting insider trading based on a tip from a former Morgan Stanley broker about Gilead Sciences’s planned $11.2 billion purchase of Pharmasset in 2011, Reuters reports.When Novartis launched its Gleevec cancer medicine in 2001, the list price was $26,400 a year, but today the wholesale price for a year’s supply is more than $120,000, The Washington Post reminds us.Some new biotechs pays fees ranging from $20,000 to $100,000 consulting firms to help them choose their company name, STAT writes.Sandoz is consolidating two New York sites that make creams and ointments for its Fougera Pharmaceuticals dermatology subsidiary, InPharma Technologist tells us.An Indian government committee recommended setting a “cap” on margins for unbranded generic drugs, according to TwoFour Insight.Indian regulators are testing Johnson & Johnson talcum powder and nine other brands to see if they meet standards after a US jury awarded $72 million to a woman who developed ovarian cancer, The Hindu says. About the Author Reprints PharmalotPharmalot, Pharmalittle: VA will provide hepatitis C drugs to all vets [email protected] Ed Silverman @Pharmalot center_img Alex Hogan/STAT Good morning, everyone, and how are you today? A bright, shiny sun is enveloping the Pharmalot campus, and there is more than a slight hint that spring is finally emerging. This a very welcome development and, naturally, calls for a celebratory cup or two of stimulation. Our flavor this morning, by the way, is the venerable Southern Pecan. Of course, we are open to suggestions. Meanwhile, here are a few items of interest to help you along. We hope you conquer the world today and would like to remind you that we are always in the market for juicy tips and secret documents …The US Department of Veterans Affairs will begin providing hepatitis C treatments to all veterans in its health system who are infected with the virus, regardless of the stage of their disease, The Military Times reports. Approximately 174,000 veterans in the VA health system are believed to have the disease. In fiscal 2016, the VA expects to spend $1 billion for Sovaldi or Harvoni, the Gilead Sciences medications.Valeant Pharmaceuticals settled a lawsuit with R&O Pharmacy, which was once a part of its specialty pharmacy network, Business Insider says. The drug maker claimed the pharmacy owed it $60 million. Last fall, a short seller alleged Valeant created phantom invoices to book fake revenues and that R&O was part of the scheme after it was purchased by Philidor Rx Services. R&O alleged it was not aware of Philidor’s connection to the drug maker.advertisement Kyle Bass and Erich Spangenberg, who are waging a campaign to challenge pharmaceutical patents, convinced the US Patent and Trademark Office to institute reviews of two more drug patents, Corporate Counsel writes. The latest decisions mean that their Coalition for Affordable Drugs has persuaded the PTO’s Patent Trial and Appeal Board to hear more than 50 percent of the filed challenges.A package of US Senate bills designed to spur medical innovation got bogged down in a partisan fight Wednesday over funding for the National Institutes of Health, STAT reports.advertisement Tags hepatitis CpatentsValeant Pharmaceuticals Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry.last_img read more

Car slams into palm tree near Three Oaks Middle School

first_imgDriver slams parked cars into Lehigh Acres home June 17, 2021 Driver leads deputies on chase in Collier County June 9, 2021 RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Car splits in two after slamming into Cape Coral power pole June 16, 2021 One person was removed from the car that hit a palm tree in the median of Three Oaks Parkway and was taken to the hospital with moderate injuries.There was a one-lane roadblock in the northbound lanes of Three Oaks Parkway at the Three Oaks Park entrance, according to a spokesperson with the San Carlos Park Fire Department. FORT MYERS, Fla. — A car slammed into a palm tree near Three Oaks Middle School on Monday morning.Rescue crews were on the scene of a single vehicle crash near Three Oaks Middle School just after 9 a.m. Monday. Car slams into utility pole in Naples, causing nearly $40k in damage June 9, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementPreviously, a student reported being hit with debris. After reviewing surveillance footage, it was later discovered the child was never hit with debris, rather picked up a piece and needed a bandaid, according to the Lee County School District. AdvertisementTags: crashSan Carlos Park firethree oaks parkway Advertisement Advertisementlast_img read more

Woman arrested for attempted burglary in Naples

first_imgNaples Park residents concerned for tourists’ safety after attempted jogger snatching December 1, 2020 AdvertisementTags: Attempted burglaryNaples Park AdvertisementShe was arrested and taken to the Naples Jail Center. Cooper is facing a charge of attempted burglary. Naples Park trees to be removed for infrastructure repairs May 18, 2021 RELATEDTOPICS Naples Park residents calling for change after a series of crashes and car break-ins March 24, 2021 Detectives investigate after someone tried to lure girl into car in Naples Park February 25, 2021 NAPLES, Fla. – A homeless woman was arrested Tuesday after she was caught on a NEST camera system trying to break into vehicles on January 15 on 111th Avenue in Naples. Ashley Cooper, 30, was arrested Tuesday at a McDonald’s on Tamiami Trail after a homeowner recognized her from her home security video trying to break into vehicles, according to the Collier County Sheriff’s Office. Cooper was caught on camera going up to the homeowner’s locked vehicles and trying to “stealthily” open the doors, deputies said.Cooper told deputies she did not remember trying to break into the cars because she drank too much alcohol and cough medicine, according to the arrest report. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 commentslast_img read more

People Mourn the Death of Roh Moo Hyun

first_imgNews News News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHARE North Korea tries to accelerate building of walls and fences along border with China Facebook Twitter AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] center_img In front of Deoksu Palace there is a place to mourn former President Roh Moo Hyun, who championed the cause of engagement with North Korea during his presidential term. As of this morning, approximately 42,000 people have passed through to express their sorrow and offer incense for his death.[imText1][imText2] There are signs that North Korea is running into serious difficulties with its corn harvest News People Mourn the Death of Roh Moo Hyun RELATED ARTICLESMORE FROM AUTHOR By Daily NK – 2009.05.26 1:58pm last_img read more

Labor will form a Suicide Prevention Commission

first_imgLabor will form a Suicide Prevention Commission Tasmanian Labor$1 million a year for Suicide Prevention Commissioner Labor will employ 30 new mental health social workers in Community Health CentresOnly Labor is working for Tasmanians to create a better and fairer stateA majority Labor Government would form a Suicide Prevention Commission to help identify and understand the factors and systematic issues that may contribute to suicide risk.Labor Leader Rebecca White said funding of $1 million a year would be given to the Commissioner to help government better understand the issues facing Tasmanians.“The Commissioner will make recommendations to government about the actions and strategies relevant to past and any future deaths by suicide,” Ms White said.“They will help provide government with the details it needs to improve mental ill health services in Tasmania.“A majority Labor Government has committed to ensuring every community has access to mental ill health support by employing 30 new mental health social workers in Community Health Centres across Tasmania.“This plan complements Labor’s $40 million commitment to recruit mental health workers to all 195 Tasmanian state primary and high schools along with a guaranteed $1.35 million funding commitment to mental health advocacy group Speak Up! Stay ChatTY.“Mental ill health is one of the biggest issues facing Tasmania, yet getting treatment for it is next to impossible under the Liberals.”Shadow Minister for Health Dr Bastian Seidel said the Suicide Prevention Commission was a key part of Labor’s plan to address mental ill health.“The establishment of a Suicide Prevention Commission will work alongside Labor’s plan to spend $390 million over four years to redevelop the Repatriation Hospital in Hobart, including a state-of-the-art mental health facility,” Dr Seidel said.“And our plan to fund a new $67.5 million mental health facility at the North West Regional Hospital will help ensure Tasmanians suffering mental ill health can get the treatment they deserve.“Mental ill health is an issue that cannot be ignored and Labor has a plan to help all Tasmanians.“Only Labor is working for Tasmanians to create a better and fairer state.”Rebecca White MPLabor LeaderBastian Seidel MLCShadow Minister for HealthIf the content of this statement raises any issues for you please call Lifeline on 13 11 14. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Commission, Commissioner, community health, Government, health, health facility, health services, high schools, Hobart, mental health, prevention, social work, suicide prevention, Tasmania, Tasmanian Labor, Tassie, treatmentlast_img read more

Called-in decision Bell Foundry, 32-34 Whitechapel Road, 2 Fieldgate Street, London

first_imgCalled-in decision Bell Foundry, 32-34 Whitechapel Road, 2 Fieldgate Street, London Called-in decision: The Bell Foundry, 32-34 Whitechapel Road, 2 Fieldgate Street, London (ref: 3245430 & 3245432 – 13 May 2021) PDF, 2.08MB, 153 pages /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bell, Government, London, UK, UK Governmentlast_img read more

Conveyancers can quickly see estimated completion dates for their applications

first_imgConveyancers can quickly see estimated completion dates for their applications Estimated Completion Date is the latest enhancement to View My Applications, which is available to all portal users. For the first time conveyancers can see a single calendar date by which they can reasonably expect their applications to be completed. The new feature allows them to monitor their applications by providing them with an instant view of their progress, enabling them to manage their clients’ expectations better.Nearly 60,000 users have logged onto View My Applications since the launch of Estimated Completion Date earlier this month. This is the latest feature to be added in response to customer feedback. This enhancement will reduce the time previously spent on seeking updates from our customer contact centre. Currently we receive more than 5,000 requests for status updates per week, which is almost 1 in every 5 times a customer contacts us.Estimated Completion Date takes data from the previous 30 days to provide a projection of when the majority (90%) of that application type will be completed. It is calculated from the day each application is received by HM Land Registry. It will then be updated for each application, every 30 days from the date of receipt, to accurately reflect the latest data. As it is an estimate, most customers will receive their completed application before this date.We tested this with conveyancing teams at Shoosmiths before rolling out for all portal users. Here is what some of our early users have said about Estimated Completion Date.Residential Team user, ShoosmithsThe View My Applications feature is more useful now that there is an estimated completion date. We are often asked by clients for timescales and so the feature is used a number of times every week.Commercial Real Estate Team user, ShoosmithsThe estimated completion date feature is useful as it helps us to manage client expectations and the impact on dependent transactions. It is used frequently to report to those managing the transactions on when we can expect an application to be completed. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Government, Impact, launch, real estate, UK, UK Governmentlast_img read more

Return to research: Animal Inspired Movement and Robotics Lab hits the ground running

first_imgPublished: June 30, 2020 • By Oksana Schuppan For approximately three months, many researchers in the College of Engineering and Applied Science have been working remotely. Now, they are gradually and safely returning to campus to continue their work in the lab. While away, researchers said they adapted quickly and overcame unique challenges, and as they return, they look forward to claiming a new normal in their labs and moving forward in their research.Above: Graduate student Parker McDonnell conducts research in the Animal Inspired Movement and Robotics Laboratory. (PC: Glenn Asakawa)Top: Assistant Professor Kaushik Jayaram and Parker McDonnell work in the lab after returning to campus in June 2020. (PC: Glenn Asakawa)Assistant Professor Kaushik Jayaram’s research combines biology and robotics to uncover principles of robustness that make animals successful at locomotion in natural environments. He and his lab, the Animal Inspired Movement and Robotics Laboratory, study small animals like cockroaches and how they handle occurrences such as head-on collisions, body deformations and partial or complete amputations to learn how these principles might be successfully integrated in small robots. He and his group are working on expanding the capabilities of these robots by developing novel actuators, sensors and bioinspired appendages.Graduate student Parker McDonnell works alongside Jayaram. Below, McDonnell shares about their return to research.How many people are currently back to work in your lab? What’s the general mood about returning?Two: myself and Professor Jayaram. We are both excited to get back to work on research this summer, especially while things are quiet on campus.How is your lab restarting research after two months away? What are your priorities now? How have they shifted?We are in a unique situation since our lab is quite new, and for the most part, the current students are new hires, including myself. Most students weren’t planning to arrive until the fall anyway, and for me, I’m lucky that most of my design work can be done remotely; it’s only in the last week or so that I’ve needed to be on campus to do work! Our top priority right now is to recreate the cutting-edge solutions in microrobotics from Professor Jayaram’s previous research and other current literature in-house, and in addition, to improve these designs using the newly acquired state-of-the-art tools we have at CU Boulder. This will give our new lab the opportunity to build confidence by establishing a baseline for our methodology before we begin to advance the field forward. By the end of the year, we hope to have a novel spider-inspired autonomous crawling robot that can be used to run experiments and demo to our potential collaborators.Live spiders housed in aquariums in the Animal Inspired Movement and Robotics Laboratory. When campus closed, graduate student Kristen Such took the spiders home to care for them. What changes, postponements or issues did you face in your research?The biggest issues were centered on receiving orders and communicating with lab members. We had a laser system that was stuck in customs for months due to COVID-19, and we just received it a few days ago. On the communication side of things, Zoom, Slack, and email have been critical for the team to stay in touch and keep progress moving forward. I can’t imagine trying to keep in touch during a pandemic without the internet.As I mentioned previously, a lot of my design work and lab equipment procurement could be done remotely on a computer as no one was working in the lab.What precautions are you taking to stay safe?In addition to wearing masks and regularly cleaning surfaces, we are limited to only two people in our lab area. Going forward, it will typically be me in the lab, and Professor Jayaram will stop by from time to time.What are the biggest challenges as you restart? How will you address them?We were fortunate enough to already be in a reset state at the end of the semester as old students left and new students joined the lab. COVID-19 isn’t causing issues for us now, but if facilities don’t open up fully in the fall, we will start to see more of an impact on our work as access to equipment and interaction with team members may become limited. In this scenario, Zoom, Slack and other platforms will be critical in keeping everyone up-to-date. Furthermore, bringing certain lab items home to aid in remote work could be another tactic to speed up research.Have you noticed any “silver linings” to your time away from campus?I think everyone agrees, it’s nice being able to make lunch at home every day, rather than sticking something in the microwave at work! Also, it’s easy (for me at least) to stay focused on a task at hand, when there isn’t as much activity going on around me. Plus, I’m able to take better care of myself during the day, be it going for a quick run before lunch or stepping outside for a few minutes to get some fresh air when I’m feeling overwhelmed.CU Boulder is in the midst of a phased return to on-campus research and creative work in summer 2020. In this series, CU Engineering researchers share tips, tricks and takeaways as they navigate a new approach to research prompted by the COVID-19 pandemic.Categories:Robotics and Systems DesignGraduate StudentsTags:Kaushik Jayaram Share Share via FacebookShare via TwitterShare via LinkedInlast_img read more