Experian says still waiting for explanation from Equifax

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Equifax Inc.’s lack of transparency about its massive data breach makes it difficult for the credit-rating firm’s competitors to check the security of their own information, according to Experian Plc.“We don’t have a conclusive statement from Equifax,” Alex Lintner, Experian’s president of consumer information services, said Tuesday in an interview. “We’re trying to get one about what happened, so we can double-, triple-, quadruple-check whatever equivalent we have.”Atlanta-based Equifax last week reported a cyberattack that may have affected 143 million people — or about half the U.S. population — revealing Social Security numbers, driver’s license data and birth dates. Experian, which collects similar customer information, said it has confidence in its underlying security and technologies. continue reading »last_img read more

Beyond Meat to launch two new versions of its meatless burger

first_imgBeyond Meat’s line-up of meat substitutes will soon include two new versions of its Beyond Burger.The new burgers are meant to offer consumers more choice and will launch nationwide early next year. Beyond said that one of the patties is its juiciest yet but has 35% less saturated fat than a burger made from a blend of beef that is 80% lean meat and 20% fat. The other burger is meant to appeal more to a health-minded consumer, with 55% less saturated fat than a typical beef burger. Beyond said that the two burgers will have B vitamins and minerals, similar to beef.- Advertisement – – Advertisement – Beyond Burger launches new meatier burger.Source: Beyond Burger As meat substitutes from Beyond and Impossible Foods have grown more popular in the last few years, their meat-free burgers have also drawn criticism for being marketed as a healthier alternative to red meat. Dietitians have said that it would be better for consumers to view plant-based burgers as an indulgence, as they would a beef burger. Shares of Beyond, which has a market value of $7.88 billion, have risen 66% so far this year. The stock is up less than 1% in premarket trading on Monday. – Advertisement –last_img read more

PSC declares loss of confidence in Govt

first_imgFollowing a meeting hosted between the Private Sector Commission (PSC) and its affiliates on Monday, the body has come to a resolution that the combination of poor policies, ill-judged statements and paucity of significant new investments has caused it to lose confidence in the Government.According to the body, in a statement on Thursday, continued growth and improvement in Guyana cannot continue if investors’ confidence continues to bePSC Chairman Eddie Boyereroded. And it noted that “the trajectory in which the country is heading at the moment does not inspire such confidence.”“Participants noted the decline of the economy. Among the concerns are the crippling new taxes for the mining sector and the institution of Value Added Tax on necessities. The members of the business community present expressed a lack of confidence in the manner the Government is managing the economy.”“This is reflected in the flight of capital from Guyana and the lack of significant new investments in the last two years. Real estate values are dwindling, property for sale inventory is on the rise and wealth is eroding rapidly.”The body called for the Government to create an enabling environment and to increase its engagements with the business community. This, it noted, was to facilitate the creation of employment opportunities, ensure wage growth andSARA head, Professor Clive Thomas“measures to increase the wealth of all Guyanese”.SARA BillOther items on the agenda were the State Assets Recovery Agency (SARA) Bill, the parking meter contract, the rule of law, and the state of the economy. The PSC noted that the SARA Bill, Bill No 3 of 2017, delegated too much power to the SARA Director.“While the consensus of businesses is that there is a need for unlawfully appropriated assets of the State to be recovered, it was felt that the SARA Bill provides too much unchecked power to the Agency. The Director of SARA supersedes the Courts, the Commissioner of Police and the Commissioner General of GRA.”“The Bill will impede business progress as it allows for harassment and political victimisation of legitimate businesses. The Bill allows staff of the Agency to arbitrarily look at private accounts and financial information of citizens without due process. This Bill should be recalled and amended to be consistent with the constitutional rights of citizens.”Parking metersThe PSC has always been a staunch critic of the parking meter project agreed to by top officials from the Georgetown Mayor and City Council (M&CC) and a foreign company. The meters have been consistently boycotted; however, with the result that businesses have reported a drop in sales.Coming out of its meeting, the PSC reported that members of the business community present were demanding that a Commission of Inquiry be set up to investigate the parking meter initiative.The body said that clarity must be provided as to the feasibility studies done, the nature of accountability for the revenues, the role of Government in each stage of the project, the tendering and approval process, and the extent of a legal review of the contract.However, it was noted that given the “obscurity” of the process, consensus was reached that the contract should be rescinded in its entirety.JudiciaryThe PSC also stated that allegations of political involvement in the judicial system were noted with great concern. It emphasised that there must be a separation of the Government and the Judiciary, as well as the role Government plays to ensure full autonomy and adequate financial resources to maintain such a system.“There is need for Judges to be appointed at all levels, especially at the Court of Appeal and the High Court. In addition, the presence of one Commercial Judge to handle the thousands of cases annually is inadequate. This needs to be addressed,” the PSC also added.Recently, President David Granger stated that his Government deserved an “A “grade for the work it has done since coming into office in 2015. This self-assessment has not been well received by sections of society and the Opposition party.last_img read more