Professor discusses economic situation in Italy

first_imgLeonardo Morlino, professor of Political Science and director of the Research Center on Democracies and Democratizations at LUISS, Rome, presented his research on Italian economics on Tuesday at the Hesburgh Center for International Studies. Morlino’s lecture, titled ‘The Political Consequences of Economic Crisis: Italy and Beyond,’ focused on the relationship between the implementation of democracy in Italy and how it has shaped its current economic situation, as well as the European Union’s role in the issue.You cannot address a question such as, ‘What are the theoretical results of democratization?’ because within democratization, there are several focuses,” Morlino said.Italy currently faces both an enormous public debt and an equally worrying unemployment rate, with over eight million people below poverty level, he said.The period between 1992-2008 is critical in understanding Italy’s economic situation. The years leading up to 2008 were characterized by a decline in electoral participation and dissatisfaction with democracy, Morlino said.“Until 2008, virtually, you have some kind of [political] instability,” he said. “In Italy, they faced a moment of uncertainty, of ambiguity, of stagnate, where there was no expected change. This is in the context of the crisis.”Morlino referred to Italy’s crisis as “the crisis within democracy.” He said knowledge of citizen participation in Italy’s government and the aspects of the country’s constitution are key to understanding Italy’s current situation.“When we consider a traditional perspective of how to analyze the crisis, we consider key mechanisms such as public resources, global economic conflict, pressure of the Europian Union [and] pressure of the market with consequences for our crisis,” Morlino saidBoth Italy’s and Greece’s economies were the most affected by the political crisis faced by the EuropeanuUnion, he saidMorlino said the transition to democracy entails analysis and revision of a country’s constitution in order to implement effective decision-making within a country’s political context.“If we revise the traditional views of a crisis of democracy, we come to some serious results in terms of reshaping of the system,” he said.Contact Gabriela Malespin at [email protected]: economic situation in italy, economy in italy, italy, professor discussionlast_img read more

KPK detains three councilors in Jambi graft case

first_imgThe antigraft body suspects each councilor of accepting between Rp 100 million (US$7,077) and Rp 600 million, KPK deputy chairman Alexander Marwata said.“The three suspects will be detained for 20 days from June 23 to July 12 at the KPK detention center,” Alexander said during a press briefing on Tuesday, adding that they would be put in quarantine for 14 days as part of the COVID-19 health protocol.The KPK has charged the three suspects with violating articles 11 or 12 of the 2001 Corruption Law, which prohibit state officials from accepting bribes and gratuities.Read also: Zumi Zola spent illicit money on Marvel collectibles, says KPK indictment The Corruption Eradication Commission (KPK) has detained three members of the Jambi Legislative Council for alleged graft in a case that also implicates former governor Zumi Zola Zulkifli.The three councilors are former Jambi Council speaker Cornelis Buston of the Democratic Party as well as his two former deputies: AR Syahbandar of the Gerindra Party and Chumadi Zaidi of the Indonesian Democratic Party of Struggle (PDI-P).The three politicians, who served as councilors between 2014 and 2019, allegedly demanded money from the regional administration in exchange for their approval of the provincial regional budget for fiscal years 2017 and 2018. In addition, they also allegedly demanded kickbacks from projects handled by the provincial administration. Alexander went on to say that the antigraft body had named 18 suspects in the case – 12 of whom had been brought to trial. One of them was Zumi, who was found guilty and sentenced to six years in prison in December 2018.Among the suspects were regional administration officials, local council members as well as businesspeople who allegedly involved in the rigged projects.The case began with a KPK operation in 2017 that led to the arrest of a legislator and three regional administration officials over alleged bribery related to the 2018 provincial budget plan.Alexander said politics had become one of the most corruption-prone sectors, as the antigraft body had arrested 184 national and regional legislative members since its formation in 2003.“This is a bad side of our democracy. The KPK strongly urges representatives in the House of Representatives and regional councils not to misuse the public’s trust for personal gain.”Topics :last_img read more

Locals cut up dying beached whale shark for consumption in West Java

first_imgLocals and fishermen have cut up a dying whale shark stranded on Ciwidig Beach, Cianjur regency, West Java for consumption. The residents found the 7-meter-long shark swimming in shallow waters near the beach on Sept. 24 and pulled it to the beach.They then reportedly sliced up the 1 ton dying shark on the beach and took the meat home for consumption.Technical management unit (UPTD) head of the Cidaun Fishery Agency, Eli Muslihat, said fishermen living around Cidaun coastal areas had not been out to the open seas for days due to bad weather.”Seeing a huge whale shark stranded on the beach, they immediately used the opportunity to get something to eat,” Eli said as reported by Kompas.tv.Read also: Beached dwarf sperm whale cut up, extracted for oil in Bali”Their financial situation has worsened due to the pandemic and bad weather exacerbates the problem,” she added. The International Union for Conservation of Nature (IUCN) has included the whale shark on its red list of threatened species, calling it “endangered”. The species’ population is believed to have decreased by more than 50 percent over the last 75 years.Indonesia, through the Maritime Affairs and Fisheries Ministry, lists the whale shark as a protected animal as its population continues to decrease due to massive hunting. (nal)Topics :last_img read more

Pension funds for telecoms giant KPN to merge

first_imgThe chairman said the merger of both pension funds would happen at the request of the employer.The Opf KPN is open to KPN staff who are not employed under a collective labour agreement (CAO).As of the end of 2013, it had 1,895 participants, of whom 510 were workers and 445 pensioners.It reported a 1.6% return over 2013, while its coverage ratio was 115% at November-end. The KPN Pensioenfonds had 57.712 participants in total at the end of 2013, when it returned 1.3% on investments.Its funding was 111.5% at November-end.The KPN Pensioenfonds said it granted its active participants an indexation of 0.38% for 2015.Its pensioners and deferred members were given a 0.55% inflation compensation.The scheme also said it doubled the number of age cohorts for life-cycle pensions saving to 10 to further fine-tune investment risk for age and the remaining period before retirement. The two Dutch pension funds of telecommunications giant KPN – the €6.6bn Pensioenfonds KPN and the €730m Ondernemingspensioenfonds KPN (Opf KPN) – have announced plans to merge.Rudi van Nieuwenhoven, chairman at the Opf KPN, said: “A steering committee has already concluded that a merger will chiefly produce benefits, such as risk-sharing, significantly lower implementation costs and improved quality of governance.”He said both pension funds and their pension plans already had a comparable set-up, and that their investment and risk policies were also quite similar.In addition, the schemes’ boards have already been cooperating in joint committees for asset management, communications and financial management for “quite a while”, according to Nieuwenhoven.last_img read more

Conor McGregor once predicted his UFC journey by calling himself the future of MMA

first_imgLast Updated: 13th December, 2019 18:59 IST Conor McGregor Once Predicted His UFC Journey By Calling Himself The Future Of MMA Conor McGregor is one of the biggest superstars in UFC at this moment. However, he predicted his future a long time ago. Watch McGregor making the statement. Also Read | UFC: Tyron Woodley Isn’t Willing To Go Outside USA To Take A FightAlso Read | Colby Covington Makes Special Trump Tower Visit Before UFC 245 Fight, Promises To Win COMMENT Raj Sarkar WATCH US LIVE LIVE TV First Published: 13th December, 2019 18:59 ISTcenter_img Also Read | Amanda Nunes Reacts To Being Called GOAT Female Fighter Ahead Of Her UFC 245 FightUFC: Conor McGregor is ready for UFC 246The former double champion’s recent run in UFC has not been great. After facing a crushing defeat against lightweight champion Khabib Nurmagomedov at UFC 229, McGregor remained out for a long period of time. Well, he is ready to make his UFC return at UFC 246 on January 18, 2020, against Donald Cerrone. The journey from ‘Mystic Mac’ to the ‘Notorious’ Conor McGregor has been of the most inspiring stories in the entire combat sports universe. Whether you love him or not, there is no denying that Conor McGregor is one of the biggest athletes in the sport. Conor McGregor has been in the headlines for a lot of unwanted reasons but when it comes to his fight game, he is still one of the best. No matter what, the former double champ has always done what he said. 12 years ago, on this very day, McGregor predicted that he is going to be the ‘future’ of the sport.Also Read | UFC: Dana White Confirms Khabib-Conor Rematch On The Cards, Khabib Begs To DifferUFC: Conor McGregor predicts himself as the ‘Future’ in 2008No one knew Conor McGregor’s name at that point of time. The UFC roster had some of the biggest names of the world like Jon Jones, Brock Lesnar, Anderson Silva and Jose Aldo were there but Conor McGregor was nowhere on the scene. The Irish martial artist was yet to get his big shot in UFC but that didn’t stop him from predicting the future. On this day in 2008, Conor McGregor bounced back from his first career loss by knocking out Stephen Bailey in his hometown of Dublin, Ireland.The former double champ knew that he was going to be the ‘next big thing’ of the sport. He predicted it by going straight towards the cameraman and shouting, “I am the future.” Exactly seven years later, Conor McGregor proved it right by knocking out the featherweight title from Jose Aldo at UFC 194. Take a look at Conor McGregor’s prediction that changed the sport of MMA forever. Written By SUBSCRIBE TO US FOLLOW USlast_img read more