Ben & Jerry’s Homemade, Inc,NBCUniversal Television Consumer Products Group and ‘Late Night with Jimmy Fallon’ are teaming with iconic ice cream company Ben & Jerry’s to introduce the new flavor entitled ‘Late Night Snack.’ The unique new flavor features a rich vanilla bean ice cream with a salty caramel swirl and crunchy fudge covered potato chip clusters ‘ the perfect mix of salt and sweet for a late night snack. The concoction was inspired by a ‘Late Night with Jimmy Fallon’ skit in which Fallon and house band The Roots performed an original song, ‘Ladysmith Snack Mambazo,’ about Ben & Jerry’s ice cream. Late Night Snack begins arriving in supermarkets and Ben & Jerry’s locations around the country this week.‘When we learned that Jimmy Fallon was a fan of Ben & Jerry’s, and he was willing to support the Fair Trade effort, we jumped at the chance to develop a new flavor inspired by his skit,’ said Ben & Jerry’s Co-founder Jerry Greenfield. ‘Our team came up with a truly unique flavor that is one-of-a-kind, just like Fallon!’The research and development team at Ben & Jerry’s had long considered a flavor with potato chips in some fashion. After initial talks with Fallon, who suggested fudge covered potato chips as a chunk in his flavor, the Flavor Gurus at Ben & Jerry’s knew they had to make the combination work.‘Having our own flavor of Ben and Jerry’s gives everyone here at ‘Late Night’ an excuse to do what we were doing anyway, staying up late and eating pint after pint of Ben and Jerry’s ice cream. Only now we can call it ‘research,’‘ said Fallon. ‘And we came up with the perfect combo of salty and sweet. I can’t wait for people to try it!’‘It’s been really fun working with Ben & Jerry’s on Jimmy’s concept for Late Night Snack,’ said Kim Niemi, Senior Vice President, NBC Universal Television Consumer Products. ‘With this partnership, ‘Late Night with Jimmy Fallon’ has a great opportunity to create something delicious and do something good – by joining in the efforts to encourage Fair Trade food practices.’In February 2010 Ben & Jerry’s pledged to convert its product line to Fair Trade certified by 2013. Fair Trade supports fair wages, a safe work environment, sustainability for the land, animal husbandry and community development for farming communities. Accordingly, Late Night Snack is made with Fair Trade vanilla in the vanilla ice cream and Fair Trade cocoa in the potato chip cluster fudge coating. NBC and Fallon have pledged their share of the proceeds to Fair Trade Universities to encourage the use of Fair Trade products on campuses around the country.For more information on Ben & Jerry’s or to find your local Scoop Shop, visit www.benjerry.com(link is external).About ‘Late Night with Jimmy Fallon’In March 2009, ‘Late Night with Jimmy Fallon’ made its broadcast debut with Fallon as the third host of the NBC comedy-talk franchise. The show serves as a platform for comedy, music and A-list talent out of NBC’s Rockefeller Center Studio 6B. The show continually garners attention for viral videos, audience games, and prominent guests. Fallon’s choice of house-band, The Roots, has been universally praised.”Late Night with Jimmy Fallon” is produced by Universal Media Studios and Broadway Video. Lorne Michaels is the executive producer. Michael Shoemaker produces. Gavin Purcell co-produces.For more Late Night, please visit http://www.latenightwithjimmyfallon.com/(link is external).About Ben & Jerry’sBen & Jerry’s produces a wide variety of super-premium ice cream and ice cream novelties, using high-quality ingredients including milk and cream from family farmers who do not treat their cows with the synthetic hormone rBGH. The company states its position on rBGH* on its labels. Ben and Jerry’s products are distributed nationwide and in selected foreign countries in supermarkets, grocery stores, convenience stores, franchise Ben & Jerry’s Scoop Shops, restaurants and other venues. Ben & Jerry’s, a Vermont corporation and wholly-owned subsidiary of Unilever, operates its business on a three-part Mission Statement emphasizing product quality, economic reward and a commitment to the community. Contributions made via the employee-led Ben & Jerry’s Foundation in 2010 totaled over $1.8 million. Additionally, the company makes significant product donations to community groups and nonprofits both in Vermont and across the nation. The purpose of Ben & Jerry’s philanthropy is to support the founding values of the company: economic and social justice, environmental restoration and peace through understanding, and to support our Vermont communities. For the full scoop on all Ben & Jerry’s Scoop Shop locations and fabulous flavors, visit www.benjerry.com(link is external).* The FDA has said no significant difference has been shown and no test can now distinguish between milk from rBGH treated cows and untreated cows. Not all the suppliers of our other ingredients can promise that the milk they use comes from untreated cows. NEW YORK–(BUSINESS WIRE)–
Foreign exchange crisisPumping foreign currency into the market will not solve the crisis facing the local economy, according to economist Irfaan Ali.The Opposition Member of Parliament said in order to address the problem in the long run, Government must implement policies which stimulate export sectors that generate foreign revenue.He said the recent move by the Bank of Guyana to intervene in the foreign exchange market validated the position that the foreign exchange market was not clearing.Opposition MP Irfaan Ali“It took some time for the Bank of Guyana and Minister of Finance (Winston Jordan) to accept the bitter reality that businesses are unable to access foreign currency and were placed in queues when they approached the cambios. However, as the good book says ‘confession is always good for the soul’,” Ali said in a statement to Guyana Times.However, the MP, who is also Chairman of the Public Accounts Committee (PAC) in Parliament, said while intervention by the central bank would address the prevailing market imbalances, it could only serve to provide temporary ease.“This measure cannot and should not be treated as a permanent or long-term solution to the turbulence in the foreign exchange market. A permanent solution requires measures that would ultimately increase the supply of foreign currency as well as reduce pressures on the demand for foreign currency,” he explained.ControlsAli pointed out that the foreign exchange market, referred to as the cambio system, was established in the early 1990s after the adoption of the Economic Recovery Programme (ERP). In this market, buyers and sellers can trade foreign currencies at market determined prices in accordance with Dealers in Foreign Currency Licensing Act, No 19, of 1989.According to the Act, cambios are permitted to buy, hold and sell foreign currency, and are also allowed to determine the buying and selling rates and display these prices in a prominent position at their business places. The only restriction for cambios is they are not allowed to borrow, lend and accept deposits. Given the legal framework governing the trade in foreign currencies, market prices are expected to be determined by demand and supply conditions.Therefore, Ali argued that the action by the Bank of Guyana to directly control the bid-ask spread (that is, the difference between the buying rate and the selling rate) and force cambios to trade (buy and/or sell) and hold currency could, therefore, be regarded as a subtle form of bullyism and was certainly illegal.He explained that the supply of foreign currency is derived primarily from the export of our major commodities, namely rice, sugar, bauxite, gold, and timber. The other major sources of foreign currency include: workers’ remittances, short-term inflows, Foreign Direct Investments, long-term foreign loans and grants.Poor performanceBased on the 2017 Budget speech, the foreign currency earnings from every major export, except gold, declined during 2016.The poor performance of the key export sectors may be linked directly to the actions of the A Partnership for National Unity/Alliance For Change (APNU/AFC) Government, he noted.“For instance, upon assuming office, the coalition disbanded the Petro-Caribe deal which provided a guaranteed market for rice at preferential prices. To date, the same Government has failed to find alternative markets or re-negotiate the Petro-Caribe deal to help the rice sector. The forestry sector, on the other hand, witnessed sharp decline because of the deliberate efforts of the coalition Government to expel some export companies,” he stated.Moreover, the economist predicted that the decline in export revenue from key sectors was likely to persist in 2017 and beyond. He noted that this was due to the decreased investment in the key export sectors given the unfavourable business climate and onerous taxes that increase the operating cost of export businesses.DemandMeanwhile, the demand for foreign currency is driven by imports, Ali highlighted. Available forecasts suggest that imports will increase further over the next five years by an annual average of 6.8 per cent. It, therefore, means the demand for foreign currency will increase in the near future.But given the contraction in supply of foreign currency and demand pressures, the market participants anticipate continued shortage of foreign currency.“Consequently, they will buy and hold rather than dispose the foreign currency they acquire. This practice is only rational and not necessarily driven by any evil or devious intentions,” Ali explained.“The market is experiencing excess demand for foreign currency, that is, the demand for foreign currency is outstripping the supply. This is evidenced by the continuous complaints from members of the Private Sector that they’re unable to access foreign currency and are placed in queues,” he stated.Ali said at best, any injection of foreign currency by the central bank may only serve to partially satisfy the demand by those currently waiting in the queues to settle outstanding payments.However, he said such an injection would not address the fundamental supply problem in the market and would hardly discourage the market participants from buying and holding.“This behaviour will persist until the market participants are confident that supply of foreign currency will improve to satisfy their demands. In other words, like rational investors, the market participants will buy and hold foreign currency once the export sector – which is responsible for the supply of foreign currency – continues to limp along to the graveyard,” he stated.Ali reiterated that the prevailing crisis in the market, therefore, could not be addressed by merely pumping foreign currency in the market.He reasserted that the only viable solution was to stimulate the export sectors.
Mary receives her papal award from Bishop Boyce.Last Sunday was a very special day in the life of Mary Murphy from Raphoe.Mary was surrounded by her family and the wider parish when the Bishop of Raphoe, Most Rev. Dr. Philip Boyce concelebrated 11am Mass in St. Eunan’s Church, Raphoe.During the mass Bishop Boyce conferred on Mary, the papal award, the Benemerenti Medal for over 40 years of faithful and dedicated service to her native parish Church. MARY’S YEARS OF DEVOTION HONOURED BY BISHOP BOYCE was last modified: November 7th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:bishop boyceMary Murphypapal awardRaphoe