Exclusive: Doubts grow over UK’s preferred post-Brexit model for City

Sunday 3 June 2018 10:30 pm Catherine Neilan It comes as a new proposal, put forward by think tank Open Europe, makes the case for a model that lies “between the so-called Canada and Norway arrangements framing the UK political debate.”On goods, it suggests the UK accept the EU’s aquis of rules over goodsregulation, arguing “this does not necessarily mean full harmonisation with detailed EU rules in all goods sectors, only those that are already highly regulated”.On services, the model proposes an enhanced equivalence regime which would allow for managed divergence – an approach reportedly favoured by the Bank of England.Although relying on an equivalence regime has been rejected by the UK because it grants the EU control over withdrawing access at short notice, the latest thinking is that it could be workable if the notice period were extended to two years. whatsapp One Square Mile source familiar with the negotiations told City A.M. the UK was “getting high off its own supply – they’ve come up with a great idea but not stopped to ask whether EU will actually go for it.”Another said: “There are a lot of people in Westminster heading away from the initial thinking and towards the direction of managed divergence.”Sam Lowe, head of trade and Brexit for think tank the Centre for European Reform, said member states were unhappy about being “lectured to” by government and City representatives.“There’s been a bit of arrogance,” he told City A.M. “They know it’s bad but they’re not willing to risk the legal order of the EU and the integrity of single market, which they see as more valuable.”Read more: Brexit mutual recognition is “eminently achievable” says FCA boss Bailey Uncertainty is growing over the City’s preferred post-Brexit trading model for financial services, amid growing concerns that Brussels is not prepared to compromise.Mutual recognition, the post-Brexit system heavily promoted by the financial services sector as well as Whitehall, has failed to win the support of EU chief negotiator Michel Barnier. The model has the backing of pro-Leave peer Lord Lamont.Open Europe director Henry Newman told City A.M.: “Equivalence isn’t enough – plenty of people on the EU side have acknowledged that – but for the government to hold out on mutual recognition seems fanciful.“The City is hoping for a deep and special relationship but at this point we’ve got to accept that the EU is saying we won’t get anything other than equivalence. There is a danger in pressing for a completely hopeless deal.”However, both City and Cabinet sources said they were sticking to their guns for now and would continue to push for mutual recognition.Mark Hoban, chair of the International Regulatory Strategy Group (IRSG), which has been pushing for mutual recognition, said: “We’ve yet to start negotiations on the future relationship. Mutual recognition is still the government’s preferred option, it is still the industry’s preferred option and it is the preferred option for regulators. “The UK position is robust. It is clear that mutual recognition is the only sensible and well-worked-through proposal that delivers continually high levels of access and continuing benefits to customers.”He acknowledged that the Commission had been “steadfast” in rejecting the framework, but said he was “taking comfort from the fact certain member states continue to back it.”A Cabinet source agreed negotiations were too early to “throw our position away”, telling City A.M. there were significant stumbling blocks with Open Europe’s proposal including the “constant threat of having access withdrawn looming over us”. Exclusive: Doubts grow over UK’s preferred post-Brexit model for City Share whatsapp read more

Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun Callum Keown US investment bank Goldman Sachs has ramped up its probability of a no-deal Brexit as leading Conservatives put themselves forward to replace Theresa May as Prime Minister.Goldman Sachs analysts raised the chances of the UK leaving the EU without a deal from 10 per cent to 15 per cent, citing the emergence of hardline Brexiters in the leadership race. Sunday 26 May 2019 9:49 am Goldman Sachs said its view that a Brexit deal would be agreed in the second quarter of 2019 had now changed.Read more: Theresa May’s resignation: Political allies and rivals reactEconomist Adrian Paul said: “We pencil in an orderly EU withdrawal in late 2019 or early 2020, but our conviction is low.”He added: “We revise up our probability of “no deal” not because this Parliament (or indeed the next) is likely to coalesce in favour of its pursuit, but because the recent performance of the Brexit Party and the Eurosceptic credentials of the next Prime Minister may strengthen the case for including “no deal” on the ballot in a second referendum to unlock the impasse.” whatsapp Sharecenter_img Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns whatsapp Read more: Matt Hancock joins the race to become Tory leaderOn Friday May announced that she would resign from the post on 7 June in a tearful speech outside 10 Downing Street today, kicking off a Tory leadership race.Michael Gove is due to become the eighth MP to enter the race, challenging bookies favourite Boris Johnson, former Brexit secretary Dominic Raab and former Commons leader Andrea Leadsom.Four other Cabinet members, Jeremy Hunt, Rory Stewart, Esther McVey and Matt Hancock have also entered the leadership battle.The new Prime Minister will be tasked with delivering Brexit by 31 October after EU leaders granted the UK an extension earlier this year. Tags: Boris Johnson Brexit Goldman Sachs Michael Gove People Theresa Maylast_img read more

Grexit gripes: The odds of a Greek exit from the euro are now 5/4

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoLivestlyThe Best Redhead Actresses, RankedLivestlyUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndo Show Comments ▼ Tags: NULL Everyone’s running scared from a Grexit – not least investors, who have sent down European stocks today, with the FTSE falling more than one per cent in mid afternoon trading, while the Dax dropped closer to two per cent and the Cac made up the difference at 1.5 per cent.And it looks like investors are right to be afraid: bookmaker Paddy Power has just slashed its odds on Greece leaving the euro by the end of 2018 to 5/4, from 3/1 last week. The odds of a Greek default have also fallen, from 7/2 to 5/2. And the odds of Greece holding another general election by the end of this year – presumably, because despite his ministrations, newly-elected Alexis Tsipras has failed to keep his pre-election promises, are also now 5/2. If you’re the gambling type, it’s looking like an increasingly safe bet. Although it’s also something senior European ministers will be looking to avoid when they meet this week. Monday 9 February 2015 10:30 am Sharecenter_img whatsapp whatsapp Grexit gripes: The odds of a Greek exit from the euro are now 5/4 More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com Emma Haslett last_img read more

Laois camogie lose to Down round two of the All-Ireland championship

first_img Here are all of Wednesday’s Laois GAA results GAA Facebook Laois 1-8 Down 0-16All Ireland intermediate camogie championship round 2A similiar trip up north but a different result today as Laois came up against the Ulster champions Down in Fr Lynch Park, Ballyholland.It was marked as a tough task from the off. Down, last year’s All-Ireland intermediate finalists, would prove a mean feat in their backyard.The home side started the game with strong wind on their backs and took possession from the off, leaving the score at the interval; Down 0-11 Laois 0-4.Laois took possession in the second half with the wind and got the margin back to two points.However missed chances in front of the posts caused Laois to falter while Down held out their lead until the end.Speaking after the match, Laois manager Donal Franks commented on the physical nature of the game.“It was a very physical game. Down took their chances in the first half with the wind in their favour. Laois had wind in second half and while Laois had majority possession in second half getting it back to two points, but we didn’t convert the scores,” said Franks.Laois face another tough battle on Saturday July 6 against Tipperary, who drew with Down in the opening round of group two. Twitter WhatsApp GAA Pinterest Pinterest Home GAA Camogie Laois camogie lose to Down round two of the All-Ireland championship GAACamogieSport Facebook GAA center_img TAGSAll Ireland Camogie ChampionshipLaois Camogie WhatsApp Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory RELATED ARTICLESMORE FROM AUTHOR 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin By Siun Lennon – 22nd June 2019 Previous articleNine Talking Points as Laois footballers score big victory in DerryNext articleEXPLAINED: Who the Laois footballers can face in Round 3 of the All Ireland Qualifiers – and where Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Twitter In the other group two games today, Derry defeated Carlow 4-18 to 0-8 while Tipperary saw off Wexford 2-15 to 1-10.This means that Tipperary and Down top the group with a win and a draw each, while Laois, Derry and Carlow follow with one win and one loss and Wexford come in with two losses.SCORERS – Laois: Clodagh Tynan 1-0, Sarah-Anne Fitxgerald 0-3 (0-3 frees), Amy Loughman 0-2, Kirsten Keenan 0-2 (0-1 frees), Jessie Quinlan 0-1LAOIS: Laura Dunne (St Brigid’s); Aoife Hyland (O’Moores), Aisling Burke (Camross), Clare Fitzgerald (Camross); Rosemarie Bermingham (O’Moores), Sarah-Anne Fitzgerald (Camross), Clodagh Tynan (St Brigid’s); Sarah Creagh (St Brigid’s), Alison McEvoy (O’Moores); Joyce Dunne (O’Moores), Sile Burke (Camross), Jessie Quinlan (St Brigid’s); Amy Loughman (O’Moores), Mary Keating (O’Moores), Kirsten Keenan (Camross) Subs used: Alice Walsh (The Harps) for C Fitzgerald, Becky Williams (O’Moores) for Sarah CreaghSubs: Aimee Collier (Camross), Mairead Burke (Camross), Donagh Mortimer (Camross), Roisin Kilmartin (St Brigids), Liadan C Fennell (O’Moores), Amy Byrne (Portlaoise), Caoimhe Ryan (Camross), Aoife Burke (Camross), Casey Conroy (O’Moores), Molly Connor (The Harps)Referee: Philip McDonald (Cavan)SEE ALSO – Lowry’s goal the difference as Laois progress to Round 3 Laois camogie lose to Down round two of the All-Ireland championshiplast_img read more

Rason hit with devastating flood

first_img Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] RELATED ARTICLESMORE FROM AUTHOR Heavy rain pummeled North Korea’s Rasonarea in North Hamgyong Province for three consecutive days starting Friday,leaving the city flooded and with residents taking refuge on higher grounds,Daily NK’s sources reported. “It was as if there was a hole in the sky.From Friday to Sunday, it rained so much we couldn’t make out what was in frontof us,” the source in the province told Daily NK. “The water level on thestreets is so bad that the traffic controller’s platform is submerged underwater,” she reported. “The Wonjeong Customs Office’s Bridge has been severedand the building itself is also under water,” the source explained. An additional source in North HamgyongProvince corroborated this news. The currents were strong enough to sweep upa man of good build who jumped into the water to rescue a pig, she said, addingthat the number of fatalities and injuries from the natural disaster is expected to continue to rise. “Last week when the flooding happened,there was an international expo taking place, so the damage was significant,”the source said. “It’s a mess over here, and it’s hard to confirm just how manycasualties there are.” Foreigners who had entered the area due to the expo havelikely not managed to leave yet due to the flood, she reported. Within the Rason Special Economic Zone,roughly 40 people are believed to have died, while 1,000 homes were likelydamaged, according to a separate report from Radio Free Asia. City roads have been completely flooded andsome buildings submerged in water are on the brink of collapse. Already somehouses have caved in, having been hit by logs and household goods that wereswept up in the currents. District Ministry of People’s Security [MPS]  units have mobilized inminban[people’s unit] leaders to track members down, but most residents are scatteredthroughout the area making it hard to pinpoint their whereabouts, according tothe source. Residents who have lost their homes haveexpressed their frustration with the current infrastructure that leads torecurring damages during floods. “Instead of putting up fences around theborder (to prevent people from escaping), I wish they would put countermeasuresin place against floods,” some of them have said, she added. Adding insult to injury, the flood has alsowiped out crops ready for autumn harvest. Having had their corn and other goodsswallowed up by the water, some residents are now left with no home and nothingto live on. “Some people are struggling as they try to fish out their TVs,sewing machines, and other home appliances, while others are running arounddesperately trying to find their lost children. It’s been like a battlefield,”the source said. “Rason is a special economic zone, so theybuilt the roads better with better drainage systems, but the heavy rainimmediately just flooded the area,” she asserted. The unexpected incident hasinstilled a sense of fear among residents, with some looking back on July 1994,when a massive flood broke out and was later followed by the death of thecountry’s founder, Kim Il Sung. By Kang Mi Jin – 2015.08.27 12:11pm Rason hit with devastating flood News Facebook Twitter News center_img News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) US dollar and Chinese reminbi plummet against North Korean won once again SHARE NewsEconomy Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more

Jamaican Pilot to Embark on Solo World Flight

first_imgFacebookTwitterWhatsAppEmail Jamaican pilot, Barrington Irving, will embark on a five-week solo world mission when he takes off on March 23 from the Opa-Locka Airport in South Florida.Irving, a 23 year-old Senior majoring in aerospace at Florida Memorial University, will use his single engine plane called Inspiration, to do the historic mission around the world, as the first black and the youngest aviator.Born in Kingston, Irving was raised in inner city Miami, and hopes his five-week mission will encourage other young people to resist the negative influences of the streets and work towards their dream.Planning for the historic mission, Mr. Irving had to raise US$1 million, which included a donation of the Columbia built Lancair 400 aircraft, the world’s fastest single-engine, by Seamech International Incorporation, which will carry him on his world flight. Contributions from other industry related organizations were used for further preparation.In May of last year, he used some of the funds to establish an aviation learning centre at the Opa-Locka Airport, using donated computers and Microsoft flight simulator software, to provide training programmes for young persons wanting to pursue careers in aviation and aerospace.He also founded a non-profit organization, through which he spends time with other young persons as a role model, visiting inner city schools and engaging in volunteer programmes with youth organizations.Although he was awarded scholarships in sports, Irving chose aviation instead and has continued to pursue his goals in academic and flight training, earning his private, commercial and flight instructor licences as well as instrument rating.In preparation for the world adventure, he also had a full schedule, which included intense training in survival skills, preparatory flights and installation of equipment.Following his return to Florida on May 1, Mr. Irving intends to visit Jamaica. RelatedJamaican Pilot to Embark on Solo World Flight RelatedJamaican Pilot to Embark on Solo World Flight Jamaican Pilot to Embark on Solo World Flight UncategorizedMarch 22, 2007center_img Advertisements RelatedJamaican Pilot to Embark on Solo World Flightlast_img read more

Ministry Embarks on Collaborative Initiative to Pursue Investment Prospects

first_imgRelatedMinistry Embarks on Collaborative Initiative to Pursue Investment Prospects RelatedMinistry Embarks on Collaborative Initiative to Pursue Investment Prospects RelatedMinistry Embarks on Collaborative Initiative to Pursue Investment Prospects Advertisementscenter_img Ministry Embarks on Collaborative Initiative to Pursue Investment Prospects CommerceSeptember 18, 2009 FacebookTwitterWhatsAppEmail The Ministry of Industry, Investment and Commerce has embarked on an inter-ministerial collaborative initiative, aimed at building partnerships that will pursue investment prospects globally, by promoting Jamaica as an ideal location for doing business.Portfolio Minister, Hon. Karl Samuda, says this new thrust is intended to enhance foreign direct investments (FDIs), thereby boosting the country’s foreign exchange earnings.Mr. Samuda outlined details of the initiative while addressing the launch of the 2009 World Investment Report, which focuses on: ‘Transnational Corporations, Agricultural Production and Development’, at the offices of Jamaica Trade and Invest (JTI), on Trafalgar Road, New Kingston, today (September 17).Citing the Agriculture and Fisheries Ministry as an example, Mr. Samuda noted that for too long, the real process by which a strong collaboration could be created between that entity and his ministry has not been actualised, pointing out that both are “crucial to any strategy of moving Jamaica forward.”“The whole purpose of this collaborative approach is to strengthen the team that goes out in pursuit of new investments, new offerings.what makes Jamaica unique in terms of what we have to offer, and what it is that we can do together to make us the kind of attractive destination that we feel we are,” he said.The Minister informed that meetings were held earlier this week with representatives of the Ministries of Youth, Sports and Culture; Foreign Affairs and Foreign Trade, and Tourism, adding that “we will be engaging the Minister of Tourism more directly.”Mr. Samuda stressed the need for co-ordinated efforts by all parties in removing prevailing bureaucracies which could impede the process, while avoiding duplications in executing the attendant activities.“We must make the world come alive by our presence. So, we must have the interest of agriculture, tourism, entertainment, industry and manufacturing all together, going all around the world to sell Jamaica. Because, if we don’t improve our foreign direct investments, as a means of getting foreign exchange to assist those who are now in production for export, then we are going to have a very serious problem in getting the thing that we are most in need of – foreign exchange – to help out Jamaica’s balance of payments, and enable us to buy the goods and services that we cannot produce,” Mr. Samuda argued.Citing Jamaica’s challenges with “debt dependency,” Mr. Samuda stressed the need for Jamaica to earn foreign exchange, and not “depend on borrowing. to stay alive.”The World Investment Report, which was officially launched by Mr. Samuda, is produced annually by the United Nations Conference on Trade and Development (UNCTAD). It details the global and regional investment trends, highlighting key sectors for increased investments, noting the challenges faced during the reporting period, the role of transnational organisations, as well as the provision of details on cross-border mergers and acquisitions.last_img read more

Doorstop – Symonston, ACT

first_imgDoorstop – Symonston, ACT PRIME MINISTER: Well, good morning everyone. It’s good to be here at the Therapeutic Goods Administration. I learned as I arrived this morning that I’m indeed the first Prime Minister to have ever visited the TGA here in Canberra, and I suppose that’s appropriate given the year that we’ve just had. This has been an extraordinary year of heroic and courageous sacrifice and incredibly hard work and professionalism by so many Australians. We often think of those on the frontline of the pandemic, and rightly think of those working in our intensive care units and those attending directly to those who’ve had the most severe effects of the COVID-19 virus, and those working in aged care and disability care. But I can tell you the front line of Australia’s effort on the pandemic has also been right here at the Therapeutic Goods Administration. Over the course of this past year, they have been working night and day, literally. Whether it’s been the testing of materials and equipment, of medical equipment, that has come in over the course of the pandemic – or indeed this most important task now over many months, both in preparing for the approval of the suite of vaccines that Australia has pulled together, as part of our vaccination strategy. But then to go through the meticulous process of once they’ve arrived, to ensure that those vaccines go through the appropriate batch testing and other tests to ensure that they can be distributed across the country safely, and so Australians can have that confidence. As Professor Murphy and I have said on so many occasions the people who work in this building, they are the same people who ensure that the vaccines that our children take, that we take them along to each year, every day of the week when Australians do that with their own families. These are the same people who test those vaccines to make sure your children are safe, to ensure that you are safe. Professor Skerrit, who can’t be with us here today, now, he heads up this incredible organisation and that’s why I think Australians have such confidence and it was a great thrill for me this morning to go, to go and thank all of those staff. It was a great thrill to be able to see, as you have been able to see as you accompany me this morning, to see all of the meticulous processes that have to be gone through, and that’s also essential to keeping Australians safe. The good news is, is that over the course of just this week, starting last weekend, a further 414,000 AstraZeneca doses have been able to be secured, and they’ve arrived in Australia as of last Sunday. A further 149,000 Pfizer vaccines have also arrived yesterday. That brings to a total of 1.3 million – 1.3 million – doses of both the AstraZeneca and the Pfizer vaccine here in the country. And yesterday, we went past the mark where 100,000 of those have already been jabbed into the arms of Australians. And I’m pleased to say that a quarter of those vaccines have been administered to the most vulnerable Australians, in aged care facilities and those with disabilities. And so the vaccination program is underway. It’s sure, it’s steady, it’s safe, it’s well planned, and it’s overseen by the best medical experts in the world. And so we welcome that development and we look forward to the continued rollout of the vaccine. As I said last Friday, we are now providing regular information and that will increase as time goes on and those data channels become firmed up with the states and territories, and we can provide more information on how that vaccination program is rolling out. But that’s certainly what it’s doing and Professor Murphy will speak a bit more about that in just a second.The other point I wanted to make today is you will have all learnt that the first ever meeting of the Quad leaders will be taking place this weekend. I’m very much looking forward to that, and joining President Biden and Prime Minister Modi and Prime Minister Suga on what will be the first ever meeting of Quad leaders. The Indo-Pacific is our world. This is where Australia lives. And our security, our peace and stability that all Australians rely on for their freedom and for them being able to live the lives in the way that they wish to in a liberal democracy, such as Australia, that depends on the peace and stability of our region. And to see the Quad now move to a whole new level, something Australia has been championing for many years now, and particularly under my Prime Ministership, this has been a key focus that we could get the Quad leaders meeting together. It was one of the first things, the first thing I should say, I discussed with President Biden and I was so pleased the new administration were also so enthusiastic about this program, and that President Biden is taking this to another level and seeing the Quad as his first engagement in this way, and to elevate it in this way. So I’m looking forward to those discussions – of course, it will deal with security matters and maritime issues and a range of other topics of that nature. But it’ll also be dealing with the challenges and the environment, the climate and, of course, the COVID-19 response in our region. So I’m looking forward to that meeting – it is another key step forward in how Australia has sought to keep Australians safe, by ensuring that we’re working with our partners, with our allies in particular. And these relationships have been strengthened individually with the United States, with Japan with India. This has been a core focus, and to see that all come together with the Quad, I couldn’t be more pleased and I’m looking very much forward to attending that meeting. It may be in the wee small hours of Saturday, which Prime Minister Suga will also be up late that night. But it’s certainly worth staying up late for that night because it will be an historic moment in our region. And it sends a very strong message to the region that our support for a sovereign, independent Indo-Pacific.Final point I want to make before handing over to Professor Murphy is that I’m very pleased that Anzac Day is on. I’m very pleased that we’re seeing changes being made to facilitate that happening right across Australia. This is a sacred day for Australia. Last year, we did it in the quietness and solemnity of our homes and on our driveways, as we, as Australians held up lights in the early hours of the dawn. But this year, as a sign that Australia is back on track with the comeback is well underway, Australians will come together in the way we always have – and we’ll remember those who have gifted us our peace, our security, our sovereignty and our freedom. I’m very pleased about the response that I saw yesterday from around the country.With that I’ll ask Professor Murphy to say a few words on the vaccination rollout. And we’re happy to take questions. But we’ll start, first of all, with vaccination, then I’ll excuse our medical professionals who are with us.PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: Thanks very much Prime Minister. It’s very exciting today to have the Prime Minister see the testing of the AstraZeneca vaccine at the TGA. As we’ve said on many occasions, we’re not in this position of other countries who have not had the luxury of being able to test these vaccines as thoroughly as we test every other vaccine that we rollout to the Australian people. We’re in a wonderful position and these vaccines are going through all those normal tests. The other exciting thing is that the AstraZeneca vaccine is going to be the workforce vaccine for Australia because that’s what we’re going to have most of from the wonderful production of CSL. And I really want to make again the point that all the data now that’s coming out of the UK where, particularly, and other countries where there’s good real world experience is that we now have two vaccines that are indistinguishable, they are both really, really good vaccines. They are both highly effective at preventing severe COVID hospitalisations and deaths, and both are probably going to have some impact on transmission. There was some narrative around several weeks ago that maybe one vaccine was better than the other. The data, the real world data now has put to bed that argument. We have two vaccines that are indistinguishably effective. Australians are in this position that we couldn’t have dreamt of 12 months ago, that by early 2021 we have two brilliant vaccines, really brilliant vaccines, much better efficacy than the flu vaccines we get every year. So this is a wonderful position. We’re also in the position because we’ve got no community transmission, we can take our rollout of the vaccines safely and carefully and scale it up according to the experience we get with the early rollout. We can do the aged care residents respectfully and carefully. And so we’re working hard to expand and increase our rollout of the vaccines, but we are in this wonderful position of not having a burning platform. The rollout is going really well – over 300,000 aged and disability care facilities. As the Prime Minister said a thousand, over 100,000 jabs in arms – one in my arm last Sunday didn’t hurt at all. Great, great vaccines. Very exciting time to be here at the TGA with the Prime Minister. Thank you.JOURNALIST: Professor, has the TGA started batch testing the locally produced AstraZeneca yet?PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: So the locally produced AstraZeneca is being tested at the same time as the international ones. So that the locally produced AstraZeneca, the main issue with it now is getting it into bottles. So that’s what CSL is focusing on at the moment. The actual bulk vaccine is produced and it’s being tested here and it’s looking very good.JOURNALIST: Prime Minister, how many vaccines are you expecting to have any Australian arms by the end of March? And how are we on track to ask for it?PRIME MINISTER: I’ll ask Brendan update on that. But the important point about the 1.3 million that we’ve been able to secure and have in-country now means that that has built the bridge to get us to the commencement of the locally produced vaccines. So we took the decision to have sovereign capacity to produce the AstraZeneca vaccine here in Australia because we did not want to be reliant on overseas supply chains. Now, we’ve seen just how threatened those supply chains can be. But Australia has been successful and I particularly want to commend Professor Murphy and Minister Hunt, together with Minister Payne and Frances Adamson at the Department of Foreign Affairs and Trade for the great work they’ve done to ensure that we’ve been able to get 1.3 million doses into this country. That gets us on the bridge to the start day for the Australian produced AstraZeneca vaccines. And we’ll be at a stage where they’re rolling out about a million a week once that is in full production phase. And so we are watching in these early phases of how the rollout is progressing. We’re obviously working with states and territories. And once the data becomes a bit clearer, I think we’ll be in a better position to provide more accurate estimates. But we’re moving as quickly and as safely and as surely as we can. But Brendan, did you want to add to that?PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: Thanks, Prime Minister. So the major target has always been to offer every adult Australian a vaccine by the end of October. And that’s what we’re working to, and particularly to get those vulnerable people in phase 1A and 1B vaccinated as quickly as possible by the middle of this year. So that’s what we’re targeting. It’s a dynamic programme. So some of the states have been a bit slower starting up. Our aged care has we’ve had to start a bit more slowly than we looked at, but we’re scaling up. In the meantime, we’ve brought forward some of the 1B and we’re vaccinating some 1B health care workers across the country much earlier than we thought. But as the Prime Minister has said, the real ramp up starts with the release of the locally produced AstraZeneca vaccine. That’s when we’ll have lots of supply. We’ll be able to distribute it to simply thousands of GP points of contact, and that’s when we’ll see the real scale up.JOURNALIST: But do you believe you will get to four million vaccinations by early April as you yourself and Mr Hunt had previously indicated?PRIME MINISTER: Well, we said at the time that any of these estimates that we give are always subject to the progress of the rollout and the events that we encounter along the way, and when we’re in a better position to give an update on those figures, then we will. And we’re certainly working to the sort of targets that we would hope for. But they are always subject to events. So I think Australians know that they want the vaccination programme rolled out safely and surely and done in a way and I think Professor Murphy’s made a very good point. Right now, we’re dealing with the most vulnerable of Australians. We’re dealing with elderly Australians. You know, we’re not going to put them in buses and take them off to military sites and, you know, have them herded into tents where they’re going to be vaccinated. No, they’re going to go to their GP. They’re going to go to a proper place where they can get the care and support that they need when they’re having these vaccines administered. What matters most is doing this safely, and that’s exactly what we’re doing.JOURNALIST: Are you certain Minister Hunt hasn’t had any negative reaction to the vaccine and how is he?PRIME MINISTER: Yes, I am certain of that. The medical advice that I’ve been provided and Minister Hunt and probably Professor Murphy is better equipped to give you an update on his medical situation. But he’ll be fine by next week. He’ll be back up on his feet. Minister Hunt and I have worked hand in glove over this last year, in particular on this matter. And until he returns, I’ll be personally addressing the ministerial responsibilities of Health and Aged Care, together with Minister Colbeck.JOURNALIST: Prime Minister, you mentioned data channels. National Cabinet agreed last week for states that they wouldn’t disclose to the public how many of their allocation each week they didn’t get through. Obviously, there are legitimate reasons for not getting through it all. But given supply is still limited, don’t you think the public deserves to know if there are vaccines out there not being used? What we, you know, they deserve to know where they are and what states aren’t using them?PRIME MINISTER: Well, we’re finalising what we call the common operating picture. And there’s a data board that we’re currently using between the premiers and myself to track all this and we have sufficient doses now to get us to the start of the locally produced AstraZeneca vaccine. So we don’t have a concern about the number of doses we have here in Australia. There are 1.3 million and we have vaccinated over 100,000 people now and that will continue scaling up in the weeks ahead as we get to the point of the locally produced vaccine being in place. There are vaccines that are being forward deployed not for immediate distribution. There are others that are available for that. And I’ll let Professor Murphy speak on that issue.PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: So obviously, it’s a huge logistic exercise getting these vaccines around the country. So we have, for example, deployed two or three weeks’ worth of supply to state and territory hubs. So mainly because it helps us with the logistics when you’re deploying minus 70 vaccines. So we won’t expect them to have deployed them all over in the first week of a three-week period. So it’s really hard to say, you know, what someone should have used in a week, so the most important thing is we’re being absolutely transparent about how many doses have come in the country, and how many doses have gone in arms. Remembering, of course, that we have to keep back enough of the Pfizer vaccine particularly, and also the AstraZeneca later on, for second doses. We can’t be in a position of not having vaccine in reserve for second doses. And the second doses of Pfizer will be starting very soon. I think the Prime Minister’s due for his fairly soon.PRIME MINISTER: Very soon, I will be back with Jane Malysiak. So, I mean, this is the data that we agreed that we were releasing, certainly weekly, and we’re already doing that. And this will be released daily as well and we’re moving pretty close to that now. I mean, this is the data at the close of before yesterday morning. And so these updates and we hope to add further to the granularity of this information as time goes on and to ensure that it’s presented in a way which doesn’t allow it to be in any misleading way of suggesting things that it doesn’t seek to suggest. And so we’re working with the states and territories to make sure that data board can be provided, not obviously just to the media, but to all Australians, can give them a shot in the arm themselves of confidence knowing the progress of the vaccination programme.JOURNALIST: Do you see the elevation of the Quad arrangements to a leaders level as a balance to China? How would you describe it? What’s the purpose of this?PRIME MINISTER: I would call it what President Biden said Australia was – and that is an anchor of peace and stability in the region. That’s what it is. What the Quad is about is ensuring an open, independent, sovereign Indo-Pacific that enables all countries and nations within the Indo-Pacific to engage with each other, all of them, and to do that in a way which is good for their own citizens and good for the peace and prosperity of the region itself. That’s what we all want. That’s what the Quad leaders want. And we want to work together to achieve those goals and to work with many others to achieve those goals as well as we currently do. ASEAN Quad leaders are a very, very firm on this. We look into the Indo-Pacific through the same lens as the ASEAN nations and we understand the critical role of ASEAN within the Indo-Pacific. We respect it and we see what is not, you know, a formal gathering with secretariats. It’s not a mini UN of four nations. That’s not what it is. This is about four like-minded countries coming together that have significant interests within the Indo-Pacific region, that has fantastic relationships with countries throughout the Indo-Pacific region to ensure that all of us can have the assurances about the peace and stability of the region.JOURNALIST: The ABC is reporting this morning the Attorney-General-PRIME MINISTER: Just before we go to that, I’m happy to, while we’re still on health and I have my health officials with me.JOURNALIST: Professor Murphy, in the full approval of the TGA gave the AstraZeneca vaccine, they specifically said that social distancing measures and a lot of those protections and restrictions we have in place now would still need to be practised around the elderly, even after they’ve had the vaccine, which was mostly due to a shortage of data on the efficacy. Will that advice now change? Do you have sufficient evidence that the elderly will be protected without masks and social distancing? Or are we still waiting on that?PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: I think the evidence is emerging that these vaccines are really effective in preventing against severe disease. The TGA takes its decision very carefully on the best available evidence, and they will be reviewing on a regular basis the product information advice on the AstraZeneca vaccine. You’ll recall that when they originally approved it, even though they approved it for each age group, there wasn’t a lot of data for the over 65’s. There’s now really good data for the over 65’s from England showing that it’s really effective. So I think once we’ve vaccinated all the elderly, we will certainly be able to relax some of those measures. But TGA is always conservative in its advice and it will take its time and look at the published data and review it as necessary.JOURNALIST: Prime Minister, is it tenable that-PRIME MINISTER: Any more health questions?JOURNALIST: Just one more. Sorry, Professor, then I will let you guys go. We have 1.3million doses in the country right now and 100,000 given out. Even if you silo another 100,000 for the second dose, that’s still only one in every ten doses.PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: No, it’s more. We have to silo half of the Pfizer for second doses.JOURNALIST: Sure. There’s still going to be shipments coming in every week. So can we expect that before the CSL arrival kicks in that hopefully we will have given out more than that one million or 1.3 million?PROFESSOR BRENDAN MURPHY, SECRETARY OF THE DEPARTMENT OF HEALTH: We are. This is not a race. We have no burning platform in Australia. We are taking it as quickly and carefully and safely as we can. We’re not like the US or the UK or most other countries in the world where they’ve got people in hospital dying. We can take our time, set up our systems, do it safely and carefully, we are expanding our rollout every day. Every day, there are more aged care facilities being done. Every day, the states and territories are setting up more clinics. We’re setting up clinics for aged care workers and for health care workers over coming weeks. But the big, big, big shift will be in that last week of March when we roll out to over up to 1,000 general practise sites. And then over the next month after that will be expanding up to over 4,000 general practice sites. And that’s when the real rubber hits the road. So we’re not in any hurry to race this rollout. We want to do it safely and carefully, and we’re in a great place to do that.JOURNALIST: Prime Minister, look, the former solicitor general, Justin Gleeson-PRIME MINISTER: Ok. I’m going to thank you very much for joining us today. Appreciate that.JOURNALIST: Former Solicitor-General Justin Gleeson has called for the current Solicitor-General to assess whether Christian Porter is a fit and proper person to remain as Attorney-General. Is that something that you will ask him to look into?PRIME MINISTER: No, and that’s not the advice that I’ve received from my Department as I’ve dealt with that issue. I mean, he’s entitled to his view. He’s not someone who’s been a particularly big fan of our Government, I should say. But that said, he’s entitled to his opinion on this. But that is not the advice that I’ve been provided at any time during the course of managing this.JOURNALIST: Is it tenable for Christian Porter to continue as the Attorney-General given he’ll now be responsible for implementing the [email protected] report? And will you consider moving him to a different position in Cabinet as something of a circuit breaker, assuming he does return?PRIME MINISTER: No, I wouldn’t consider moving to someone else. He’s a fine Attorney-General and a fine Minister for Industrial Relations, and he is an innocent man under our law. And to suggest that there should be some different treatment applied to him, based on what have been allegations that the police have closed the matter on. I think that would be grossly inappropriate to take actions against him on that basis. And there’s no basis for doing that at law at all. And when it comes to the principles upon which we run our country, that would be highly inappropriate.JOURNALIST: So would you be comfortable with him being the one implementing [email protected] campaign for your government?PRIME MINISTER: Yes, I would.JOURNALIST: Prime Minister, Kylie Moore-Gilbert has said she wished the Australian Government would have gone to the media earlier to try to secure her release from Iran. Do you stand by Australia’s handling of the case?PRIME MINISTER: Kylie’s home and I couldn’t, I’m probably more than most in this country, other than her own family, I could not be more happy about that. I had the great privilege of inviting Kylie to our home in Sydney in Kirribilli. And she met with Jenny and I, and her bravery, her courage, her resilience is something extraordinary. And I know she’s deeply grateful for all the work that was done by the Government and by the officials, and particularly in DFAT, those who were on the ground there and others who have been involved. Now, Kylie Moore-Gilbert obviously can’t be aware of all of the things that the Government has been involved in to secure her release over a long period of time, and the many other matters that were running over that period. And there are obviously things that sit within the national security dimension of what the Government handles on a day-to-day basis. I am aware of those issues and have been directly involved in many of the decisions, in fact, all of the decisions that ultimately ended up in securing her release. And I know Kylie Moore-Gilbert is very appreciative of that. And there will be views about this matter – but what I know is that, at all times, this was our top priority, our top priority consular case to get Kylie home. And the day I learned that we’d finally secured it and that she was on the plane and getting out, I spoke to her en route back to Australia. And she was still, I think, still quite numb from the experience and ordeal she’d been through, and the fact that she was coming home, that when we had the opportunity to sit down and discuss these issues at length, I listened carefully to what she had to say and she reflected to me her experiences. And we’ve ensured that there’s the opportunity for all of those to be debriefed, also with DFAT, which is very important. So I’m just so glad Kylie is home – she’s an amazing Australian and she’s a great example.JOURNALIST: The New Zealand opposition is pushing for a two-way travel bubble. How far away is a reciprocal arrangement given New Zealand has had more cases than Australia recently? Is it time for them to open up?PRIME MINISTER: Well, that’s a matter for the New Zealand Government. If the New Zealand Government doesn’t wish Australians to visit Australia, New Zealand and spend money in Queenstown or Wellington or other parts of the country, that’s a matter for them. It’s always been a matter for them. And I’m happy for them to open it up as soon as the Prime Minister and her Government would like to do that. And we’ve had very amicable conversations about this. Australia is open to New Zealand and has been for some time, with the exception of a couple of the brief pauses in that arrangement, that is benefiting our economy. It’s benefiting particularly our travel and tourism industry and the aviation sector, which has been most hardly hit by the pandemic. But if Australians can’t go to Queenstown, I’m hoping they’ll go to Cairns.JOURNALIST: PM, I’m sorry, the ABC is reporting this morning the Attorney-General is being referred to the Legal Practice Board of WA by a group of high profile academics. Are you aware of that? Are you concerned by that?PRIME MINISTER: It’s been brought to my attention, but that’s a matter for them. All I know is what the criminal law procedures are. And I know that in this case, they have been followed and the rule of law applies in this country and applies equally to every single Australian. I just want to reinforce this point once more. No Australian faces a different law to any other Australian. If anyone here at this press conference was accused of a matter, you would face the same process that the Attorney-General would, and you would have the same rights and the same presumptions made about you as he would. Now that is fair – that’s the fair go you get under a rule of law in this country. And I, for one, will not be one to undermine it. Thank you very much.JOURNALIST: I’m sorry. Have you spoken to Dan Andrews?PRIME MINISTER: I sent him a text to see how he was going.JOURNALIST: Did he write back?PRIME MINISTER: I haven’t heard back from Dan, but I imagine he’s been a bit busy. But I wish him all the best and hope he’s very well. You know, Dan and I get on very well. /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:ABC, ASEAN, Australia, Cairns, CSL, DFAT, Frances, Government, PM, Prime Minister, Queenstown, Sydney, TGA, Therapeutic Goods Administration, UK, UN, United States, WA, Wellingtonlast_img read more

Gas prices bring plenty of complaints but little change from consumers

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 Motorists fuel up their cars at a gas station in Ottawa on Tuesday January 3, 2017. Speaking of the real world, I don’t know anyone who trusts the stickers in the car windows with fuel economy numbers; I know I don’t. We’ve been promised they’re getting better, and some are, but until they provide closer to actual, on-road usages, I continue to use them as a relative measure rather than an accurate one. You can compare them against each other, but not against actual performance. Much of that depends on how and where you drive, as well as the time of year. It only takes one harsh Canadian winter to have people crying fuel foul.RELATED See More Videos COMMENTSSHARE YOUR THOUGHTS RELATED TAGSNewsAutomobile Protection AssociationCanadaChrysler PacificaEuropeGas PricesGeorge InyGreeceHong KongHyundai Motor CompanyIcelandIsraelItalyJohn Raymondmiddle eastNew ZealandNordic CountriesNorwayOceaniaOntarioQuebecSouthern EuropeThe BalkansToyota Prius advertisement Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Maybe Canadians haven’t gotten the message because it’s never really been sent. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.center_img The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos Motor Mouth: Lies, damn lies and fuel economy figuresBut consumers are a complicated lot, according the Automobile Protection Association (APA). “They respond one way in surveys and act another when they get in the showroom,” APA president George Iny explains. Over and over, they say they want fuel economy but ever increasing fuel prices do little to dampen their enthusiasm for buying bigger and bigger vehicles.The same way consumers psychologically adjusted when the price per litre for gasoline broke the three-digit barrier, they have now apparently adapted to ever-increasing terms on loans. Taking five years to pay off a car was once the outer limits for average buyers; the introduction of 84- and 96-month terms should be a warning signal, not an invitation to buy more car than you can afford. Will the latest round of fuel jumps change anything? John Raymond, a long-time industry consultant now with the APA, doesn’t think so.“SUV sales will not change, except for some buyers converting to CUVs. Pickup sales will not change unless incentives dry up. People are tired of traditional three-box vehicles [sedans], that game is over. Hatchbacks are making a comeback, especially if they are two inches higher off the ground and have plastic appendages. Sports cars will continue to be making little more than a blip on the sales charts, because you get crazy performance from sport SUVs and premium cars today.”If Raymond is right – and I think he is – ask yourself something as you go to purchase that SUV tomorrow. If a tank of fuel costs $75 and gets 600 kilometres, are you prepared for it to cost you $80? $90? More? Or will you simply believe that Canadians are somehow being punished more than other countries for exercising their right to drive comparatively huge vehicles?As I write this, the average cost of gasoline around the world is $0.99 U.S./litre. On the chart, Canada sits at $0.95 U.S./litre, well down from Hong Kong’s $1.93 and places like Iceland, Norway, Israel, New Zealand, Italy and Greece – all commanding eye-popping prices. Historically, the higher the prices, the smaller the average cars on the road. If I’m asked for advice about buying a car, I offer up one suggestion first and foremost: buy the car based on the whole price, not just the monthly payment. Now, I’m adding a second caveat to that: consider how much a tank of fuel might cost in that car within the range that fuel costs can fluctuate.Of course this is about recent jumps at the pump. But there have always been increases in taxes, gas-jackings at long weekends and tragedy pricing whenever there is an oil spill or fire that oil companies seem uniquely good at pimping for a silver lining. Drivers are junkies, and they know it.I have a lot of young people in my life, many commuting in transit-challenged areas for school to keep housing costs down and to jobs that get shifted on a whim. They know exactly how long a tank of fuel will last in the real world, and plan their do-not-overinflate budgets accordingly.  PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada ‹ Previous Next ›last_img read more

GM’s electric pickup gets a fall 2021 on-sale date

first_imgAll-electric Ford F-150 pulls a 1-million-pound train 1,000 feet PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca advertisement Trending in Canada RELATED TAGSGeneral MotorsPickup TruckNon-LuxuryElectric CarsElectric VehiclesNew VehiclesNon-Luxury Ford, Chevy both bring electric hot rods to SEMA aftermarket showBut Tesla probably won’t have the electric-truck market to itself for long, if at all. Amazon-backed Rivian Automotive plans to launch its R1T pickup late next year. Ford has vowed to start selling hybrid-electric and battery-electric versions of the F-150 starting in 2020, and GM has committed to producing plug-in pickups at a plant it had been planning to shutter in the Detroit area.Perhaps more importantly, Japanese automakers have spent two decades and billions of dollars trying to get in on the big pickup gravy train; 20 years after Toyota first started making the Tundra, they are still getting crushed by the Detroit Three, which control almost 92 per cent of the U.S. half-ton truck segment, according to IHS Markit.Customers who own Ram pickups are more loyal than owners of any other model line in the U.S., the researcher says, and brand loyalty to Ford or General Motors’ Chevrolet isn’t far behind.Check Out Our Latest Auto Show CoverageTesla’s Thursday night event bookends the press days for the Los Angeles Auto Show, where Ford generated buzz with the debut of the Mustang Mach-E electric SUV. But seeking attention of his own wasn’t the only motivation for Musk to stage his truck reveal now and near the show.When announcing the date and locale, he joked on Twitter they were “strangely familiar” and shared a link to the opening credits and scene of the 1982 film Blade Runner, which was set in November 2019. He had referenced the movie before as inspiration for the pickup’s futuristic design. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever Musk is scheduled to begin making remarks around 8 p.m. local time at Tesla’s design center in Hawthorne, California. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2019 Chevrolet Silverado  Derek McNaughton / Driving We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending Videos “I suspect price-wise there might be some similarities, but I think in terms of size and capabilities, there might be a difference,” Phil Brook, the vice president of marketing for GM’s GMC brand, said in an interview. “People who buy our trucks, they are very proud of the fact that they’ll take their trucks anywhere, they’ll get them dirty, then they’ll wash them out and go to a five-star restaurant for dinner. So they’re not people who just drive them around and want to look good.”Musk told a Tesla enthusiast podcast earlier this year he wants his truck, which is also aiming for a late 2021 market launch, to start at less than $50,000. During an October earnings call, he declared it will be the company’s “best product ever.”RELATED COMMENTSSHARE YOUR THOUGHTS GM CEO Mary Barra told investors at an event in New York on Thursday her company’s first electric pickup will debut in showrooms in late 2021, and it will have a leg up on the competition. “General Motors understands truck buyers,” she said.Barra made the announcement hours before Tesla CEO Elon Musk was set to reveal that company’s new Cybertruck.But other GM executives are confident Tesla’s pickup won’t be in the same league as their electric truck. See More Videoslast_img read more