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first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK — The Queen of Soul will get a royal tribute from Alicia Keys, Patti LaBelle, Kelly Clarkson and more next month.The Recording Academy and music mogul Clive Davis will put on the special concert — “Aretha! A GRAMMY Celebration For The Queen Of Soul” — on Jan. 13 at the Shrine Auditorium in Los Angeles. The event will broadcast later in 2019 on CBS.Yolanda Adams, Shirley Caesar, Celine Dion, John Legend, SZA and Janelle Monae will also perform some of Franklin’s biggest hits at the concert. Filmmaker and actor Tyler Perry will host the event.Tickets go on sale Friday. Other performers include Common, BeBe Winans, Brandi Carlile, Chloe x Halle, H.E.R. and Alessia Cara.Franklin died of pancreatic cancer in August in her Detroit apartment. She was 76.Mesfin Fekadu, The Associated Press Aretha Franklin to be honoured with tribute show next monthcenter_img by Mesfin Fekadu, The Associated Press Posted Dec 27, 2018 12:24 pm PDTlast_img read more

Watchdog says fiscal success may lead to spending pressure

first_imgBy Stelios OrphanidesCYPRUS’ prospects to fiscal adjustment may face challenges, stemming from a possible return to expansive fiscal policies, a possible failure to adhere to the bailout terms agreed with international lenders as part of last year’s bailout, an unsustainable pension system combined with an aging population and its current inadequate national health scheme, the fiscal watchdog said.“The achievement of better than expected fiscal results, as well as the flatter than expected economic recession may create political pressure for a more expansive fiscal policy, which could result in increased government spending,” the Fiscal Council said in its emailed autumn report.“According to the earlier evaluations by the troika, Cyprus seems to have met to an extensive degree its obligations deriving from the implementation of the economic adjustment programme. Doubts and delay are observed with respect to whether the two prior actions are taken that are included in the economic adjustment program for the imbursement of the next tranche of the financial aid,” it said.Finance minister Harris Georgiades told lawmakers on October 18, that he expected the fiscal deficit to be close to 2.5 per cent of the economy this year and a primary surplus of 0.5 per cent, compared to an initial fiscal deficit forecast of 4.7 per cent.According to the latest draft of the programme, before the sixth tranche is paid, the cabinet has to put a comprehensive insolvency framework for both persons and companies in place, in consultation with the European Commission and the International Monetary Fund as well the legal framework for foreclosures of mortgaged assets, the watchdog said and added that the government’s failure to take the prior action “will not only have a negative direct impact on public finances but may also considerably increase the probability of other fiscal risks to materialise”.On October 31, the Supreme Court ruled that four bills referred by President Nicos Anastasiades, which accompanied the foreclosure legislation lawmakers passed two months ago, were unconstitutional. The ruling may allow Cyprus receive the next tranche of bailout money, which euro area finance ministers blocked following the foreclosures limbo.The fiscal council said that Cyprus has to redesign its pension system as any further delay to overhaul it may result in an increased fiscal burden.“With the crisis deteriorating which culminated in the haircut of deposits in March 2013, a total of 795 provident funds said they went ahead to dissolve,” the council said and added that up to half of its overall assets which were estimated at €2.4 billion in 2010, may have been paid out. In addition, a large number of insurance contracts have been redeemed. The council recommended an overhaul of the supervision and regulatory framework of the pension system to encourage savings.Finally, the fiscal council recommended that while Cyprus should take best practices abroad into account while drafting its new national health scheme in order to avoid paying for an unsustainable system.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoKelley Blue BookYou Won’t Believe How Affordable These Ford Car Models AreKelley Blue BookUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more