Joseph O'Brien had just masterminded Rekindling's success making him the youngest trainer to ever win the Melbourne Cup. Still only 24 years of age, and still only 18 months out of the saddle where his near-six-foot frame meant nine stone was getting harder to keep, he'd stopped battling the scales and took his fight down a new path. It was clearly a wise choice. Instantly there was unquestioning celebration. In fact with the €4.1m behemoth of a race now already in his nascent CV, he was quick to thank those often forgotten within the game too. "All the lads at home and the lads that have been down here have done an unbelievable job," he beamed. All the while his father was lurking in the paddock, exuding a pride rarely seen for his own second place in the event. But while Irish racing cheered, there was a troublesome twang. At the time, O'Brien the elder was busy challenging a Workplace Relations Commission ruling against his Ballydoyle stable which said that employees worked … [Read more...] about Ewan MacKenna: ‘The sport of kings built on elitism and wealth, but why does it come at a cost for staff?’
Why does small business fail
Mackay said the budget was delivered in the context of continuing austerity politics at Westminster and Brexit. The plans would have to be revisited if the UK crashes out without a deal, he said. The Federation of Small Businesses in Scotland welcomed a new £50m Town Centre Fund to support the future of Scotland’s high streets and a promise that business rates would increase below the rate of inflation. Andrew McRae, FSB’s Scotland policy chair, welcomed the lack of “gimmicks” in the budget statement. “Like smaller firms across Scotland, Derek Mackay today showed that he’s getting on with business despite the Brexit backdrop. This is a mostly savvy budget proposal that should give smaller firms some much needed stability. “Over the last few years, independent businesses have been leading a fightback on our high streets. But local traders can’t prop up our town centres on their own. That’s why we’re pleased to see Derek … [Read more...] about Scottish budget welcomed by small businesses but faces criticism from poverty campaigners
The EU is again engaged in a theatrical standoff with a southern European country. This time the country in question is Italy, whose populist government wants to set a budget which breaches Eurozone rules. EU governments have demanded Italy submits a new budget by next week. But Italy says it’s not moving. In fact, Luigi Di Maio, leader of the Five Star Movement which forms part of the government, said yesterday: “If the recipe works here, it will be said at a European level: we should apply the recipe of Italy to all other countries.” But it’s Di Maio’s coalition partner, Matteo Salvini, leader of the fascist League party, who has most to gain from the confrontation. Salvini has positioned himself as Europe’s biggest rebel – a crusader against the EU’s austerity machine which forces weaker European countries to drink a toxic medicine which only “heals” by killing the patient. He told his Facebook followers last week: … [Read more...] about ‘The EU is unhealthily biased toward austerity – that’s why it’s now in a budget standoff with Italy’
There's a business case to be made for being a pessimist. A new study finding that optimistic business owners earn about 30 percent less than those with a less rosy outlook. Optimistic people may be better off remaining as employees than starting their own businesses, according to a new study from the University of Bath, the London School of Economics and Political Science, and Cardiff University, published in European Economic Review. Looking on the bright side may not pay off, at least in business ownership, the researchers found. Optimistic people may be more likely to set up a business based on unrealistic beliefs about their potential success. That may help explain why about half of all small businesses fail within five years, they added. "As a society we celebrate optimism and entrepreneurial thinking, but when the two combine it pays to take a reality check," said Chris Dawson, associate professor in business economics at the University of Bath's School of … [Read more...] about The case for pessimism: Cheery people earn less in business
It is a radical new direction for the future of the town stadium. Councillor Oxby's interview with Grimsby Live signals a major change in the 20-year wrangle to relocate Grimsby Town. His determination to deliver a "stadium we can all be proud of" on the site of the demolished East Marsh tower blocks is bold. But why the change of plan? What are the next steps? And will we finally see the new stadium we have been waiting for? Why the change of plan? Peaks Parkway had been the council's preferred site for the new stadium, but yesterday's announcement said it had encountered a "number of technical and commercial challenges". Cllr Oxby said fierce opposition to the site from nearby residents had also played a part in the u-turn. But the council leader said the main reason was the fact "new opportunities have arisen" on the East Marsh and because there are new funding opportunities stemming from the £67m Great Grimsby Town Deal. He said: "With the demolition, the clearing of that … [Read more...] about What does Grimsby Town Stadium u-turn mean for the project?