Free national debt advice service set to close

first_imgThe Financial Inclusion Fund’s (FIF) free national debt advice service is set to close after the government axed its £25m-a-year funding. Last month, the financial secretary to the Treasury, Mark Hoban, confirmed that funding for the free face-to-face advice service, which has operated since 2005, will end in March. The project helps around 100,000 people every year to manage their debts. Its closure will mean the redundancy of 500 debt advisers, at a time when the demand for debt advice is predicted to soar. Tobias Stapf, FIF project manager in London, said: ‘Last year the FIF debt advice service was found by the National Audit Office to provide “value for money” because it is saving significant amounts for the government, the courts [and other bodies]. ‘Time and time again it has been shown that timely and expert intervention in debt problems can prevent debts spiralling out of control and help people get their lives back on track.’ A Treasury spokeswoman said government had already announced a free and impartial national financial advice service.last_img read more

Kobelco merger to go ahead

first_imgIn 2004, Kobe Steel Group launched Kobelco Cranes as a spin-off of Kobelco Construction Machinery, and since then the two companies have operated separately in their respective fields.The group says that it has decided to merge the two companies again since it considers it necessary to strengthen its business foundation and accelerate global development in relation to the construction equipment business.The merger is expected to improve business efficiency, strengthen product development capabilities and bolster global development, as well as enabling Kobe Steel to pursue new possibilities from the accumulated technologies of its excavators and cranes.Kobelco says that discussions will continue with regard to the consolidation of domestic and overseas locations. www.kobelco-cranes.comlast_img read more

Down and Out; Indians 2019 Season Ends in a Thud

first_img Related TopicsfeaturedIndiansMLBRoberto Perez It’s all over.The Cleveland Indians’ hope for a post-season spot came to a crashing halt Friday night in Washington.Following the home finale a week ago, the Tribe was tied with Tampa Bay for the second spot with six games to play. But after an 11-0 win in the first game in Chicago, highlighted by Jose Ramirez’ return to the lineup with two home runs, the offense snoozed and the pitching showed wear and tear in two disappointing losses, 8-3 and 8-0.Another game of giving up eight runs eliminated Terry Francona’s squad, this one 8-2 to the Nationals. So, coming into the week, we felt the Indians could only lose one game, and they lost three straight.We have compared the Tribe season to a basketball team that was down 20 in the first half and had to fight back to came it a game, only to have nothing left to win the game.After Cleveland took a half game lead in the AL Central on August 12th by beating Boston on a Carlos Santana homer, thus erasing the 11.5 game bulge Minnesota had on June 2nd, the Tribe went 21-22 over the next quarter of a season, and that was simply not good enough.Injuries didn’t help, that for sure. But the Indians got back into the race without Corey Kluber and Carlos Carrasco, but losing Jose Ramirez at the end of August was a blow to the offense, one that added Franmil Reyes and Yasiel Puig at the end of July.And it was the offense that failed Cleveland. The Indians finished tied for 7th in the AL in runs scored after finishing third a year ago, while the pitching staff ranked third in ERA, one of only three teams in the Junior Circuit to have a team ERA under 4.00 (Tampa and Houston).What happened to the offense? The simple view is the Indians probably only got better performances from the first base position (Carlos Santana vs. Yonder Alonso), catcher, and at centerfield.Jose Ramirez didn’t produce in the first half, and Francisco Lindor had the lowest walk rate since his rookie year, and it showed in his numbers with men in scoring position. The all-star shortstop was very impatient in clutch situations, helping opposing pitchers by swinging at bad pitches.The big deadline trade brought Reyes and Puig, but the former had an OPS about 60 points lower with Cleveland (785) than in San Diego (849), and the latter hit just two home runs with the Tribe, none of them at Progressive Field, at least as an Indian.Puig did get on base a lot though, which is a good thing, just maybe not for your cleanup hitter. His slugging percentage was behind that of Oscar Mercado and Roberto Perez.So, the offense still wasn’t up to that of the best teams in the AL. Again, you need to score runs to make the playoffs, and Houston, New York, Minnesota, and Oakland all finished in the top five in runs in the American League.Depending on what happens today, the Indians could be sixth, just ahead of Tampa, but Cleveland doesn’t have the relentless lineups (read: no weak spots) that those other teams do.The Tribe has just two hitters with an on base percentage over .350 and slugging percentage over .450. They are Carlos Santana and Jordan Luplow, who doesn’t play vs. right handers.Houston has eight, the Yankees six. Those lineup make you work. The Indians need to get some of those guys if they want to get back in the mix in 2020.The lack of consistent hitting hurt the Tribe. Averaging 5 runs per game is good, but not if it’s done by scoring 10 one night and getting shutout the next. Mark Warmuthlast_img read more