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____ Thursday September 10, 2015 ____

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Work Productivity

Yves Morieux:How too many rules at work keep you from getting things done

Modern work — from waiting tables to crunching numbers to designing products — is about solving brand-new problems every day, flexibly and collaboratively. But as Yves Morieux shows in this insightful talk, too often, an overload of rules, processes and metrics keeps us from doing our best work together. Meet the new frontier of productivity: cooperation. Yves Morieux thinks deeply about what makes organizations work effectively. A senior partner in BCG’s Washington D.C. office and director of the BCG Institute for Organization, Morieux considers how overarching changes in structure can improve motivation for all who work there. His calls his approach "Smart Simplicity." Using six key rules, it encourages employees to cooperate in order to solve long-term problems.

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Quantum Leaps

Pioneering Neuroscience Research Cause for Excitement and Caution, Say Experts

Neuroscience advancements are profoundly changing the way we understand consciousness; Technological leaps in brain understanding will be adopted in healthcare and legal sectors in the future; Medical breakthroughs in neuroscience also raise questions about the privacy and cognitive liberty

Dalian, People’s Republic of China – Quantum leaps in the way we understand the brain open up a range of exciting possibilities in the future, from the use of mind-activated prosthetic limbs to reconsidering fundamental consciousness, a leading panel of experts told participants at the Annual Meeting of the New Champions, which opened in Dalian yesterday.

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Donation

An investment in the Children and Youth of our Region to mark the start of a new year

Waterloo Region - Women’s Crisis Services of Waterloo Region (WCSWR) is proud to partner with the Lyle S. Hallman Foundation to rebuild the lives of abused children in Waterloo Region with a $75,000 donation to the “Rebuild Haven House…She Deserves It” campaign as we all celebrate “Back to School”.

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Appointment

Rita Davies Appointed Chair of the Ontario Arts Council

Toronto – Rita Davies has been appointed Chair of the Ontario Arts Council (OAC), following her nomination by the Government of Ontario. “We are delighted with the appointment of Rita Davies as Chair,” said Peter Caldwell, OAC Director & CEO. “The Chair plays a crucial role at agencies like the Ontario Arts Council. Rita’s extensive and in-depth knowledge of the arts in Ontario, and particularly public funding of the arts, will serve OAC and the arts community very well in the years ahead.”

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Energy

Crude oil and natural gas: Supply and disposition, June 2015

Ottawa - Canada produced 18.0 million cubic metres of crude oil and equivalent products in June, up 2.6% compared with the same month in 2014.

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Industrial Revolution

New Technologies Require Honest Debate of Science and Ethics Issues

New technologies require distinct, not conflated, debates on science issues and ethics/value issues; The next Industrial Revolution will have profound effects on jobs, particularly professions and white-collar jobs; Reskilling and upskilling later in life will be necessary to remain productively employed.

Dalian, People’s Republic of China – The next Industrial Revolution – involving massive increases in data and computation power, and remarkable advances in biotechnologies, among others – is already here. It is having and will have profound effects on human life. Klaus Schwab, Founder and Executive Chairman, World Economic Forum, chaired a panel of experts at the Annual Meeting of the New Champions in a session on Navigating the Next Industrial Revolution, addressing what Schwab described as “the most important issue.”

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Education

University tuition fees for 2015/2016

Ottawa - Canadian full-time students in undergraduate programs paid 3.2% more on average in tuition fees for the 2015/2016 academic year this fall than they did the previous year. The increase is slightly lower than the 3.3% rise observed in 2014/2015.

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Pensions

Employer pension plans (trusteed pension funds), first quarter 2015

Ottawa - The market value of Canadian employer-sponsored pension funds totalled $1.6 trillion at the end of the first quarter, up 6.9% from the fourth quarter of 2014. Pension fund investments in stocks grew 5.0% in the first quarter. The value of bond holdings increased 5.2%, while investments in real estate assets were up 5.6%. The value of foreign investments held in Canadian pension funds increased 7.3%, and accounted for 34.1% of total pension fund assets.

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Housing

August 2015 Housing Starts in Kitchener-Cambridge-Waterloo, Ontario and Canada

TORONTO - Housing starts in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) were trending higher at 3,334 units in August compared to 2,928 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) (1) of housing starts.

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Exercise

Brief bouts of exercise begin to reverse heart abnormalities in people with type 2 diabetes

Newcastle, UK - A new study in Diabetologia (the journal of the European Association for the Study of Diabetes) is the first to show that high intensity intermittent exercise training improves heart structure and benefits diabetes control in patients with type 2 diabetes. The study is led by Professor Michael Trenell and Dr Sophie Cassidy from Newcastle University (UK) and was funded by the National Institute for Health Research.

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Aquisition

Sun Life Financial to Acquire U.S. Employee Benefits business of Assurant

Will add capabilities and scale to create a leader in U.S. group benefits and accelerate growth in U.S. strategic pillar

TORONTO - Sun Life Financial Inc. announced an agreement with Assurant, Inc. (Assurant) to acquire Assurant's Employee Benefits business for a net investment of US$975 million.1 The transaction will create the sixth largest group benefits business in the U.S., with the combined business having one of the broadest product portfolios in the industry.

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Appointment

Royal Agricultural Winter Fair appoints new CEO

Charlie Johnstone takes the reins at The Royal

TORONTO - The Royal Agricultural Winter Fair is pleased to announce Charlie Johnstone, former president of Honda Indy Toronto, as its new Chief Executive Officer. Johnstone is a Toronto native with an extensive track record of executive leadership organizing national and international spectator events. "Throughout his career Charlie has consistently proven he is skilled at spearheading large-scale events that deliver a memorable experience for visitors, participants and sponsors," said Paul Larmer, President and Chairman of the Board of The Royal Agricultural Winter Fair.

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China

Chinese Premier Li: China Is a Source of Growth, Not Risk, for the World Economy

“China will not have a hard landing,” Chinese Premier Li said in the opening plenary of the Annual Meeting of the New Champions 2015; China will continue to pursue the necessary reforms to transform its economic model into one that is driven by consumption and innovation, Li pledged

Dalian, People’s Republic of China – While recent volatility in financial markets has unsettled the global economy, the world should have confidence in China’s future, Chinese Premier Li Keqiang told participants in the opening plenary of the World Economic Forum’s ninth Annual Meeting of the New Champions.

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Federal Election

Big 3 political parties reach tax and incentives consensus

Tax rates really do matter when people are deciding where to invest, and live, By Jason Clemens and Niels Veldhuis, The Fraser Institute

VANCOUVER, BC - A profound, if partial, consensus on taxes and economic incentives reached amongst the main political parties in Canada seems to have been almost completely ignored. The consequences for policy are remarkable if this consensus is properly understood and broadly applied.
The exchanges between Prime Minister Stephen Harper, Opposition leader Thomas Mulcair, and the leader of the third party, Justin Trudeau, suggest an acceptance of the basic idea that tax rates matter because they influence decisions on whether to invest, start a business, work hard, and even where to locate. Such formal recognition of this link between tax rates, which affect the pay-offs to these endeavours, and the decision to undertake such endeavours is profound.

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Information Flow

OpenText Delivers Big Data Analytics in the OpenText Cloud

New Solution Enables Businesses to Predictively Analyze Enterprise, Customer and eBusiness Suite Data, On-Demand

Waterloo -- OpenText announced OpenText Big Data Analytics, an all-in-one advanced analytics solution as a complete cloud service. The new solution allows users to access, blend, explore, and analyze their big data, for a complete view of their customers or operations. Available in the OpenText Cloud, OpenText Big Data Analytics is offered through simple, tiered subscription pricing.

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Partnership

NetSuite Partners With Celergo, Bringing Global Payroll Management To The NetSuite Cloud

"Celergo has proven expertise in managing extremely complex payroll processes and addressing the legal, currency, and language differences across nations," said Joseph Fung, NetSuite Vice President of HCM Products

SAN MATEO, Calif. -- NetSuite Inc., the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a partnership with Celergo, a leading international payroll management company managing local, offshore and expatriate payrolls in over 150 countries, to add Celergo's cloud-based global payroll management solution to the NetSuite cloud-based business management platform.

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Oil

University of California System Divesting from Coal & Tar Sands

Brooklyn, NY - At a meeting of the University of California Board of Regents' Committee on Investments this afternoon, Chief Investment Officer Jagdeep Singh Bachner issued the following statement:

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Global Markets

Digital Disruption of Finance Services Will Change Banking as We Know It

While digital services will become so thoroughly a part of banking and finance, from payments to philanthropy, offline approaches will still be needed to provide trustworthy partners for artificial intelligence and big-data algorithms

Dalian, People’s Republic of China – Technology, particularly the internet and mobile communications, is rapidly changing the financial services industry. Consider the impact of the internet of things – the proliferation of internet-enabled items, including accessories that people wear or carry, and big data, the accumulation of information about transactions and preferences that can be analysed and used by service providers to customize their offerings. Bank branches are closing down, wealth advisory and management are conducted in real time, and even plastic ATM and credit cards are disappearing.

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Today

Heffner Lexus-Toyota Celebrates Ten Years of Supporting Young People

Kitchener - Since the year 2000, the Morning Glory Café provided young people with the opportunity to gain employable skills for a better job and life skills for a better future through the Ray of Hope Employment Training Program. And no other community partner has supported this unique social enterprise more than Heffner Lexus - Toyota.

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Health Sciences

A hotbed of medical innovation

Brampton is at the centre of a boom in the life sciences and technology industries

Brampton - Partnering with innovative businesses to attract talent and spur growth is making Brampton a powerhouse in the fast-growing health and life sciences sector. Since 2005, the City of Brampton has seen a 50 per cent growth in health and life sciences and is now home to more than 250 companies in the sector.

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Seasonal Workers

Seasonal farm labour program celebrates successful summer

Approximately 17,000 SAWP workers heading home as Ontario growing season winds down

MISSISSAUGA – As the fall harvest approaches, the agricultural labour program that helps Ontario’s fruit and vegetable industry thrive is celebrating another successful growing season. The Seasonal Agricultural Worker Program (SAWP) helped Ontario farmers hire approximately 17,000 seasonal workers from Mexico and the Caribbean as a supplement to local labour in 2015. While some of these workers will continue their placements for several more weeks, many are beginning to return home on a daily basis as they complete their work terms.

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Arts & Culture

Alex Mustakas to play Pirate King in Fall Production

FOR IMMEDIATE RELEASE – Twenty-five years ago, Drayton Entertainment’s Artistic Director Alex Mustakas played the infamous Pirate King in the Drayton Festival Theatre’s inaugural 1991 Season production of The Pirates of Penzance.

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Mock Exercise

City of Cambridge, Township of North Dumfries and Region of Waterloo work toward creating a disaster-resilient community with mock exercise

Cambridge - The City of Cambridge, Township of North Dumfries and Region of Waterloo successfully completed a mock emergency exercise this morning designed to assess their plans, policies and procedures for responding to an emergency. “It’s absolutely essential for us to routinely review and assess our emergency management procedures,” said Neil Main, fire chief for the City of Cambridge. “The scale and scope of this exercise gave all involved the opportunity to identify what works, as well as the areas that need improvement.”

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