CBL, Senate and House Banking Committees Hang Heads

first_imgCBL Governor Milton A. WeeksThe Central Bank of Liberia (CBL) and the House of Representatives and Senate standing committees on Banking and Currency, have agreed to collaborate to promote the development and security of the financial services sector of the country, a release from the CBL has said. The institutions said it is in the interest of all for an open line of communication between the CBL and the Committees for the common good of the country and its people. The commitments were made in Monrovia, during recent comprehensive meetings between executives of the CBL and the Senate and House’s Standing Committees on Banking and Currency.The parties, among other issues, discussed the continuing depreciation of the Liberian Dollar and its impact on the purchasing power of citizens and efforts by the CBL to intervene in the foreign exchange market to help smoothen the volatility. Discussions also centered on the country’s dual currency regime and its impact on the economy as well as ongoing efforts by the CBL to withdraw from the banking system mutilated Liberian Dollar banknotes. Discussions also focused on the challenges facing the Insurance Sector of the country; the establishment of a Banking Institute of Liberia as well as security concerns in the financial sector.During the meeting, the Executive Governor of the CBL, Milton A. Weeks, welcomed the interaction between executives of the bank and the lawmakers. The Governor assured members of the Committees of his commitment to collaborate and cooperate in a spirit of transparency and fairness in promoting the objectives of the bank. Governor Weeks noted that the Committees’ willingness to meet with the CBL to discuss pertinent issues affecting the sector demonstrate the lawmakers’ desire for constructive engagement and positive impact on the Liberian people. The CBL Governor expressed thanks that both Committees would remain open for ongoing discussions as the bank seeks to implement policies that would benefit the government and its people, thereby promoting the pro-poor agenda of the government.The Chairman of the House Committee, Montserrado District # 16 Representative Dixon Sebo, and the Senate’s Committee Chairman, Grand Gedeh County Senator Marshall Dennis, in separate responses assured the CBL that the Committees would remain engaged in discussing the programs and status of the bank. His Committee’s role, Representative Sebo said, is to work closely with the CBL to improve the financial sector. For his part, Senator Dennis welcomed the engagement and noted that such interaction would help inform lawmakers about developments at the CBL and within the financial services sector of the country, thereby cutting back on the need for continuous summons of CBL executives at the legislature.The respective meetings were attended by the members of the House Committee on Banking and Currency, namely, Hon Ben A. Fofana, Hon Joseph P. Kolleh, Hon Richard N. Koon, Hon Ivar K. Jones, Hon Mathew G. Zarzar, Hon Hanson S. Kiazolu (Co-Chair) and Hon Dixon W. Sebo (Chair). The Senate Committee on Banking and Currency was represented by its Chairman, Grand Gedeh County Senator Marshall Dennis; Maryland County Senator Gblebo Brown; Bong County Senator Henry Yallah; Grand Gedeh Senator Alphonso Gaye; and Sinoe County Senator J. Milton Teahjay. The sides have agreed to meet at least quarterly to discuss pertinent issues facing the financial sector. The meetings were also attended by the Deputy Governor for Economic Policy at the CBL, Dr. Mounir Siaplay and the Directors of Regulation & Supervision; Research, Policy & Planning; Finance; Legal; Banking, Payment Systems, Financial Markets and the Financial Sector Development Unit of CBL.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

‘E’ and ‘F’ Divisions receive new vehicles

first_img‘E’ Division (Linden-Kwakwani) has commissioned its fleet of vehicles which were recently gifted to the Guyana Police Force by the People’s Republic of China.The division received four new vehicles and a motorcycle to assist in its crime- fighting efforts. The simple handing-over ceremony was attended by numerous law enforcement and regional officials. Speaking at the ceremony, held in the compound of the Mackenzie Police Station, Divisional Commander Fazil Karimbaksh said he was very elated to receive the vehicles on behalf of the division. He noted that acquiring them was not an easy task.The vehicles which were given to ‘E’ Division (Linden-Kwakwani)He said they will be issued to various Police stations within the division where urgent need exists. The Commander also posited that the vehicles would greatly assist in helping ranks to keep the crime rate down, moreso at this time of the festive season, when there is expected to be intensified Police patrols.“I think most of the stations will be equipped with vehicles, so that we can respond in a timely manner to reports…” the commander said.Assistant Superintendent Alistair Roberts, in his remarks, also posited that the vehicles would greatly assist in crime fighting.Region 10 (Upper Demerara- Berbice) Chairman, Renis Morian, urged the Police team to use the vehicles with care.The fleet of vehicles gifted to G Division (Essequibo Coast-Islands)Meanwhile, Commander of G Division (Essequibo Coast/Essequibo Islands), Khalid Parsaram, has said that Police within the division are moving in a positive direction to safeguard and protect citizens during the festive season.He made this disclosure at a simple handing over ceremony of vehicles on Friday. Parsaram disclosed that the division received four new vehicles that would help to facilitate better patrolling in the region. He said the division’s major challenge in the past had been transportation shortage.AccountabilityThe divisional commander has said that a maintenance plan is in place in the division to care for the vehicles, and a logistics officer is also now is in place.In order for the vehicles to be put in use, ranks will have to sign for the keys and fill out a handing over form after every shift. Weekly inspection will be done to ensure that the vehicles serve their purposes and are not used for personal errands. The name of the station and emergency number will be printed on each vehicle.The divisional commander has said that ranks who will be driving the vehicles would be retested and certified. If any damage occurs to any vehicle, officers would be charged accordingly.“Police will be more visible within the communities, and the vehicles are there to provide better service. They will enhance the forces capability for the Christmas season, and provide a faster response to emergencies,” the divisional commander has said.Two ATVs and motorcycles would also be dispatched to the division next week.Present at the ceremony were Regional Chairman Devanand Ramdatt, Mayor Ravindranauth Mohan and members from the Cops and Faith network, Community Policing Group, station management committees, and a representative from the chamber of commerce. The vehicles were blessed by representatives of the cops and faith network.last_img read more

Brazilians arrested for smuggling ganja

first_imgTwo Brazilian men are in Police custody after ranks in F Division (Lethem and Interior Locations) unearthed a quantity of cannabis hidden in the vehicle in which they were travelling.The compressed marijuana found in the carThe discovery was made in the vicinity of the Takutu Bridge in Lethem, which links Guyana and Brazil.According to reports, the Police, after receiving certain information, stopped the vehicle in the vicinity of the Bridge and carried out a search. A parcel containing 103 grams of compressed cannabis was subsequently found hidden in the left door compartment of the vehicle.The two occupants, the 51-year-old driver and a 31-year-old mechanic, were both arrested and were being processed for court. They are expected to be arraigned some time today.last_img

LAUSD to hire city’s payroll gurus to fix errors in checks

first_imgChick hailed the collaboration as a new era in the relationship between the city and LAUSD and said Hess & Associates delivered an almost error-free payroll for the city. “The goal is a zero-percent error rate,” she said. “My goal is, in any way the city can help the school district do what they want to do, … we’re there.” The deal was struck after the board last week approved hiring an expert software consultant for $9.8 million to help more quickly reduce payroll errors caused by software glitches. Brewer said the district could have the problems under control by the end of the year. The electronic payroll is part of a $95 million payroll and accounting system purchased by the district in 2005. But school officials are prepared to pour at least another $37 million into the project to fix thousands of problems that have surfaced. The most daunting task remains producing W-2 tax forms for employees early next year. The district is weighing whether to sue Deloitte & Touche over its implementation of the system. naush.boghossian@dailynews.com (818) 713-3722160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Hess & Associates was recommended by City Controller Laura Chick. LAUSD Superintendent David Brewer III said a key strategy is simplifying the process, which pays certified employees once a month. Brewer said officials will begin talking next week with the teachers union about whether to change how employees are paid. Brewer called the payroll problems a “crisis.” “This is a godsend,” Brewer said of Chick’s support. “They’ll help us find those errors and help with fixing them.” Los Angeles Unified School District officials announced Wednesday they have hired the company that successfully implemented the city’s payroll system to help the district fix accuracy problems in its own payroll network. Hess & Associates Inc. will be paid $100,000 to improve the accuracy of LAUSD’s new payroll process, which has overpaid and underpaid thousands of employees for more than eight months. “When it comes to paying our teachers accurately and on time, the district cannot be too proud. If we cannot fix the problem here, then we must look elsewhere for help,” said school board member Tamar Galatzan, who sought the city’s help with the payroll problem. “Our primary goal is to have the payroll system operating so smoothly that everyone is paid the correct amount. But until that great day is here, we must have the capacity to verify quickly whether an employee is getting paid correctly.” last_img read more


first_imgIrish boxing hero Jason Quigley’s mum wiped tears from her eyes as she declared “He’s still my golden boy.”Muriel Quigley watches son Jason do Donegal and Ireland proud.Muriel Quigley watched as Jason’s dream of winning a gold medal at the World Championships disappeared before her eyes.Muriel was surrounded by family and friends at the Finn Valley Centre to watch Jason go for gold. But the tough 22 year old had to settle for silver as he was outboxed by Kazakhstan boxer Zhanibek Alimkhanuly.Speaking immediately after the fight, Muriel told Donegal Daily it was just wasn’t meant to be.“He gave it his all but it just wasn’t meant to be. He didn’t have luck on his side.“But I am so proud of him that he got to the final. He may not have won the gold medal but he will always be my golden boy,” she said. Jason gave it his all.Muriel was surrounded by well-wishers at the sports complex as they tried to cheer on Jason to victory.Alongside side her was Jason’s two sisters Jade, 14 and Holli, 6.Muriel revealed how boxing has been Jason’s life since he was only a toddler as he followed in his father Conor’s footsteps inside the ring.“I remember him getting boxing gloves and headgear for Christmas at a very early age and he would dance around the kitchen declaring himself the winner.“Conor was always away boxing so the chances were that Jason was always going to give boxing a go,” she said. Muriel revealed that even from an early age Jason wrote down on pieces of paper how he was one day going to fight for the world championships.“He is so focused. He only ever wanted to be world champion.“He is in bed by 11 o’clock every night and he looks after himself so well. He put his whole life into this day.“But I know Jason will bounce back. He has done remarkably well and he will be a bit disappointed that he didn’t win gold but we’re not disappointed. “We could not be prouder than we are today,” she said.Muriel revealed that outside of the ring, she could not ask for a better son.“I honestly couldn’t say a bad word about him. He doesn’t have much money because he is training full-time but he tries to give money up to the housekeeping.“His two sisters adore him and he is so good to them.“I know all mothers love their sons but I can honestly say that Jason has never given us a minute’s bother since he was born.“He has put everything he has into boxing and he deserves his moment of glory now. We’re all so proud of him,” said Muriel.‘HE’S STILL MY GOLDEN BOY,’ SAYS JASON’S PROUD MUM was last modified: October 26th, 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:boxingFinn Valley Centregold medalJason QuigleyMuriel Quigleysilverlast_img read more

Step into your future with Donegal ETB’s Further Education and Training Fair

first_imgThe New Year is a time for resolutions and new beginnings. Perhaps you have resolved to take a leap of faith and see what exciting educational opportunities are on offer in County Donegal?Donegal ETB would like to invite you to their Further Education and Training Fair at the Mount Errigal Hotel, Letterkenny on Wednesday 25th January 2017 from 11am to 3pm.It is a great opportunity for you to come along and see the wide range of courses across many areas of study and qualification levels we offer. We’ve something for everyone, whether you would like to brush up on your basic skills, train for employment, inquire about an apprenticeship, upskill to enhance your prospects or look at third level options, we’ve got it covered. Tutors and current students will be available on the day to share their experiences and answer any questions you might have. You can see for yourself what it means to consider a return to learning.If you’re still unsure what option is right for you, there will be staff available to advise and guide you. Universities, I.T.’s and Colleges of Further Education will be there to offer information on options for those who may be considering progressing their studies.In addition to education and training providers, we also have Citizens Information, Department of Social Protection and SUSI Student Grants available to share their knowledge and expertise on what supports are available to enable you to return to learning.For those more focused on employment, we’ve added two free workshops. Grace Ann McGarvey will talk about using Social Media in your Job Search in her ‘Thinking Outside the Box’ seminar, and Lynn McLaughlin will explore ‘The Hidden Job Market’ and the importance of networking to give you that competitive edge and help you land that job. For further information on the Further Education and Training Fair please contact Donegal ETB Adult Guidance and Information Service on 0749178088, or email: adultguidance@donegaletb.ie or visit us at 2nd Floor, McKendrick Place, Pearse Road, Letterkenny. Step into your future with Donegal ETB’s Further Education and Training Fair was last modified: January 18th, 2017 by Rachel McLaughlinShare 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:Donegal ETBeducationFairlast_img read more

Valley pharmacist was life of the party

first_imgA positive outlook, generous spirit and genuine caring for his customers – that was pharmacist Robert Tomlinson’s formula for success. Tomlinson, a Granada Hills resident, died of congestive heart failure Nov. 26 at Providence Holy Cross Medical Center in Mission Hills. He was 77. “He had a tremendous sense of humor. He made friends easily. He was happy-go-lucky,” said Irene Tomlinson, who met her husband on a blind date. “He was quick-witted. He was the life of the party.” The self-employed Tomlinson lived in the same house in Granada Hills for 46 years and early in his career was partners in drug stores including Fred’s Pharmacy in North Hollywood and Marina Village Drug in Ventura. Later, he operated a pharmacy at Granada Hills Community Hospital for more than 15 years. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals In 1995, Tomlinson retired from operating the Brentwood VA Hospital pharmacy and filled in for pharmacists who went on vacation. “He would stop and start working after working at the VA. He would work from 9 a.m. to 9 p.m. six days a week. He really loved his work,” said daughter Margaret Lynne Vanderburg. “He was a people person. He was good at making people feel comfortable and important.” Lynne Vanderburg recalled one particular day while she was working in one of her father’s drugstores that revealed her father’s compassion. A pharmacy salesman was in the store to take an order but the pharmacy was already well-stocked. Tomlinson placed an order with the supplier anyway. “We didn’t need anything but he said to me, ‘Everybody has got to eat,”‘ said Lynne Vanderburg. “It was a generosity. It was a small act of tenderness.” Tomlinson loved to play golf and frequently played at Knollwood Golf Course in Granada Hills and in Palm Springs. He enjoyed traveling overseas and his wife recalled one of the places he loved was St. Andrews, Scotland. He was an avid football fan, rooting for his alma mater’s team, the Pittsburgh Panthers, and the Trojans of the University of Southern California. Tomlinson also enjoyed watching John Wayne and Clint Eastwood Westerns and listening to the music of Frank Sinatra. Robert John Tomlinson was born Jan. 16, 1928, in Oakdale, Pa. He graduated with a pharmacy degree in 1952 from the University of Pittsburgh. After graduation, he moved to Los Angeles and worked at Parke-Davis. He married Irene Hladysh on Oct. 27, 1955. Tomlinson is survived by his wife; daughter; son, Dr. Robert J. Tomlinson Jr.; five grandchildren; and a brother, Francis White Burns. A funeral service was held Friday at Chapel of the Oaks at Oakwood Memorial Park in Chatsworth. Donations in Tomlinson’s memory can be sent to a favorite charity. Holly Andres, (818) 713-3708 holly.andres@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

“Shocking level of alcohol’ as driver four times over limit

first_imgA man who drove with a ‘shocking level of alcohol’ in his system has been fined and banned from driving for three years for drink driving.Danny Grant, 59, from Aghilly, Buncrana, was charged with drink driving at Lisowen Crossroads on January 28, 2019, when he appeared before Buncrana District Court last Thursday. The court heard that Grant, who pleaded guilty to the offence, had a blood alcohol reading of 234mg of alcohol per 100ml of blood, which is more than four times over the legal limit. Currently the limit is 50mg of alcohol per 100ml of blood.Garda Inspector Seamus McGonigle told the court that Garda O’Brien was on mobile patrol at 12.48am on January 28 when he saw a VW Caddy van pass him at Ferris Lane.He said the driver, Danny Grant, was slumped over the steering wheel and the van was driving all over the road.Insp. McGonigle said Garda O’Brien immediately activated the blue lights and sirens but Grant failed to stop and continued to drive on.“He followed the van and found the van stopped at Lisowen Crossroads,” said Insp. McGonigle.“Garda O’Brien said when he opened the door of the van he was overwhelmed by the smell of intoxicating liquor in the van and when Mr. Grant got out he was unsteady on his feet, his speech was slurred, eyes glazed over and there was a strong smell of alcohol coming from his breath.”Insp. McGonigle said Mr. Grant was arrested and a subsequent blood alcohol reading carried out at Buncrana Garda Station revealed an alcohol concentration of 234mg of alcohol per 100ml of blood.Judge Paul Kelly said that was a shocking level of alcohol. He also raised concerns about the fact that Mr. Grant was drink driving within Buncrana Town.Defence solicitor Frank Dorrian said the distance involved was ‘a couple of hundred yards from Marian Park to Lisowen Avenue’.He said Mr. Grant was a single unemployed man and was going through ‘significant stress’ in his life during that time, as a family member was ill.He said things were ‘getting on top of him’ but said Grant has no previous convictions, adding there was ‘no pattern’ of criminal offences.“He has never been inside this court before and he apologises to the court, but there is no pattern here,” added Mr. Dorrian.Judge Kelly said due to Grant’s ‘reduced circumstances’ he would fine him €250 for drink driving, however, he banned him from driving for three years due to the level of alcohol in his reading.“Shocking level of alcohol’ as driver four times over limit was last modified: May 15th, 2019 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:buncranadonegaldrink driverInishowenShockinglast_img read more

Gautrain goes underground

first_img8 January 2008Just over a year since groundwork began on the multi-billion rand rapid rail link between South Africa’s commercial and administrative centres, construction work is heading underground, with a 160-metre, 885-ton tunnel-boring machine set to tackle the rock under central Johannesburg.Christened “Imbokodo”, meaning rock, the Gautrain’s tunnel-boring machine (TBM) is to begin underground tunnelling of a three-kilometre section between the suburb of Rosebank and Park Station in central Johannesburg.“Today marks the start of a countdown towards the completion of the construction of the Gautrain rail link,” Gauteng Premier Mbhazima Shilowa said at the ceremony to name the machine last December.The 80-kilometre rail link will run between central Johannesburg and OR Tambo International Airport, with a separate line linking the system to Pretoria.Work is ongoing at 45 sites across the two cities, and it is expected that the line from the centre of Johannesburg to the airport will be completed in 2010, ahead of the 2010 Fifa World Cup, while the line linking to Pretoria will be completed in 2011.The project has so far spent some R7-billion of its R25-billion budget, most of which has been on groundwork along the train route and at the construction sites of future stations – all easily visible to motorists and passersby.Some underground blasting has also taken place further up the route from Sandton onwards, but the presence of between 300 and 400 metres of granite rock in the three-kilometre section between Rosebank and central Johannesburg made it necessary for a TBM to be used.“For the most part the tunnel will be driven through decomposed granite below the water table,” the Gautrain website states. “The tunnel will also need to traverse in the soft zones that will often occur be below the water table.”Designing and building Gautrain’s R300-million Earth Pressure Balance Shield TBM, which is 160 metres long and weighs 885 tons, took about 12 months. After its pre-assembly at the Herrenknecht factory in Swanau, Germany, it was transported by ship to Durban Harbour and overland to Rosebank Station, where it was re-assembled by a team of international and local experts.TBM operation According to the Gautrain website, the benefits of using TBMs for tunnelling are recognised worldwide, as the machines are designed to bore tunnels in specific areas and to cope with site-specific ground conditions.“A computerised guidance monitoring system is used to steer the machine accurately underground while the machine and tunnel lining resist the soil pressures during and after the tunnel construction,” the Gautrain website states. “This means that the TBM is an environmentally sound method of tunnelling, especially in built-up areas.”At the front of the machine is a rotating cutting wheel, 6.8-metres in diameter, which excavates the ground. Excavated material accumulates in a chamber behind the wheel, before it is transported back to the station shaft by a conveyor belt, where it is picked up by tipper trucks.The wheel bores into the earth at 1.5-metres at a time, while the tunnel is lined with concrete rings at the rear of the machine.“These pre-cast segment rings form a watertight concrete cylinder. In this way the tunnel structure is completed, section by section, as the TBM slowly moves along like a giant earthworm,” the Gautrain website states.Some 12 000 of the precast segments that will be needed for the tunnelling operation will be manufactured at a dedicated factory in Boksburg on Gauteng’s East Rand.According to the Gautrain website, the TBM will be active for some 14 months, tunnelling 24 hours per day and seven days per week, after which it will be dismantled over a three-month period. The TBM will then be available for use in other projects around the world.Similar Earth Pressure Balance Shield TBMs have been successfully used to construct a 3.6-kilometre underground highway tunnel that crosses the Madrid city centre in Spain, an 8.9-kilometre high-speed railway tunnel from Karlsruhe to Basle in Germany, and in the US to extend the Los Angeles subway network by 10 kilometres.SAinfo reporter. Additional reporting by Lucille Davie, City of Johannesburg Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Why Banning Telecommuters Is A Sign Your Company Is Screwed

first_imgIT + Project Management: A Love Affair Tags:#home office#Telecommuting#Yahoo Cognitive Automation is the Immediate Future of… fredric paul 3 Areas of Your Business that Need Tech Nowcenter_img Massive Non-Desk Workforce is an Opportunity fo… First Yahoo. Then Best Buy. In the last two weeks, two high-profile but seriously troubled companies have made very public crackdowns on employees who telecommute or work remotely.(See also Forget Trends, Is Yahoo’s Workplace Policy Right For Yahoo?)Telecommuting Is Never The Real ProblemI’m not saying the moves weren’t necessary to help the struggling companies recover, but everyone knows that telecommuting per se is not the problem here. The problem, in both cases, is a company culture of negativity, “coasting” and lax management.How can you tell? Easy.Lots of companies – probably including yours – have sensible policies allowing telecommuting for certain workers under certain conditions. Heck, increasing numbers of companies are run totally virtually, with no central offices at all – people work from wherever they are, and get together whenever and wherever they need.In those kinds of companies, people mostly work remotely to avoid long commutes or to work for companies where they don’t happen to live. Companies save money on office space and other fixed costs and get access to talent they might not otherwise attract.It’s a win-win situation for everyone. And they have productivity studies and management consultants by the bushel to prove it.That’s what happens in a well-run company, one with a future, and one where the vast majority of employees are committed to the company’s success. No doubt, that’s what it was like for Yahoo and Best Buy. In the beginning.Telecommuters Get Blamed When Things Go BadBut Yahoo’s and Best Buy’s fortunes soured and management clearly lost control over their increasingly disillusioned workers – who often wanted nothing more than to spend as little time as possible at the office. According to a New York Times story on Tuesday, many Yahoo telecommuters were working harder on side projects than their actual jobs. The Times claims that new Yahoo CEO Marissa Mayer “made the decision not as a referendum on working remotely, but to address problems particular to Yahoo.”That’s exactly it. “Problems particular to Yahoo.” And Best Buy. And whatever company announces a policy like this next.(See also Another Reason Best Buy Is Doomed – And Why That’s A Problem)If your company starts to make noises about banning telecommuting, you can be competely confident that it’s not about telecommuting at all. You can also be confident that your company has some serious cultural and productivity problems that it feels powerless to fix without drastic action.They Had To Do SomethingDo Yahoo and Best Buy know that their Draconian new policies will turn off some of their best workers unfairly targeted by telecommuting bans? That they won’t be able to hire some valuable people who desire or require more workplace flexibility? That the polices will make them look technologically backward and borderline incompetent? That the policies actually mean they are technologically backward and borderline incompetent?Of course.But they’ve decided that things are so bad that they don’t have a choice. That if they don’t do something about their real problems, things will only get worse. These companies aren’t in trouble because they banned telecommuting. They’re in trouble because they had to ban telecommuting.You could look at this as smart management taking required corrective action. Or you could look at it as a giant, lit-up red flag that the company is reeling out of control, sacrificing its long term reputation and success for a short-term shakeup.Either way, one thing is certain: If your company bans telecommuting, your company is screwed. After all, do you really think a little thing like banning telecommuting is going to fix a company so messed up it had to actually ban telecommuting?Image courtesy of Shutterstock. Related Posts last_img read more