Economic Services – Obitel Kiev http://obitel.kiev.ua/ Just another WordPress site Tue, 20 Jul 2021 12:45:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://obitel.kiev.ua/wp-content/uploads/2021/07/icon-2-150x150.png Economic Services – Obitel Kiev http://obitel.kiev.ua/ 32 32 Wall Street wakes up – POLITICO http://obitel.kiev.ua/wall-street-wakes-up-politico/ http://obitel.kiev.ua/wall-street-wakes-up-politico/#respond Tue, 20 Jul 2021 12:00:10 +0000 http://obitel.kiev.ua/wall-street-wakes-up-politico/ Editor’s Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is sent to our subscribers every morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the biggest of the day. stories. Act on the news […]]]>

Editor’s Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is sent to our subscribers every morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the biggest of the day. stories. Act on the news with POLITICO Pro.

Wall Street is finally catching up with reality – MM has been insisting for weeks on the risks of the Delta variant of Covid-19 and the impact of the United States staying only about 49 percent fully vaccinated, well below what is necessary for herd immunity. The point is, many more unvaccinated people will die for no good reason and this will undoubtedly reduce consumer confidence at the same time inflation erodes wage gains.

Monday’s stock market slump is therefore no surprise. In fact, he arrived quite oddly late. And that kept overnight in Asia, via Reuters: “Asian stocks were down early on Tuesday, as growing fears that the spread of the Delta variant of the coronavirus would hurt the global economic recovery sharply slipped riskier assets, including oil. …

“Japan’s Nikkei 225 hit a six-month low at the start of trading and widened losses to 1.05%. The Hang Seng index opened 0.3% lower and the Chinese benchmark CSI300 slipped 0.7% to start. … “The markets are clearly in risk mode,” said Edison Pun, senior market analyst at Saxo Markets, adding that Wall Street’s uptrend is weakening.

Oh and infrastructure spending is always a mess – Via our Burgess Everett and Marianne LeVine: “The Republicans in the Senate have revolted … against the opening of the debate on infrastructure while a bipartisan bill is still being drafted, lining up against a squeeze play of the majority leader. Chuck schumer.

“Schumer and Senate Democrats need at least 10 Republicans to agree to push forward an as yet unwritten deal to spend nearly $ 600 billion on roads, bridges and broadband in a vote scheduled for Wednesday . But Republican leaders and GOP lawmakers working on the bipartisan infrastructure package have carried the same warning to Schumer. ”

Which means … Democrats could just lean on the smaller bipartisan deal and pour the roughly $ 600 billion into the unilateral reconciliation bill that can bring up to $ 3.5 trillion. But keeping all Democrats in line on this one (which is really what the White House and Schumer are concerned about) isn’t a certainty.

So to paint a picture … Delta variant threatens economic rebound; inflation is about to force the hand of the Fed; and further fiscal stimulus remains in question (and could prove to be even more inflationary if passed). The economy continues to rebound. And all of this could turn out well. But it’s also a bit on the edge at the moment.

GOOD TUESDAY MORNING – Write to me on [email protected] and follow me on Twitter @morning money. Email Aubree Eliza Weaver on [email protected] and follow her on Twitter @AubreeEWeaver.

House Financial Services has a housing hearing at 10:00 am with HUD Secretary Marcia L. Fudge… hearing at 10:00 a.m. on “21st Century Communities: Climate Change, Resilience and Reinsurance”… Senate Banking Subcommittee has a hearing at 2:30 p.m. on federally assisted housing… President Biden has a Cabinet meeting at 3:15 pm to mark his first six months in office…

BIPARTISAN TOP DEM RIPS INFRASTRUCTURE CASE – Nos. Heather Caygle, Sarah Ferris and Nicholas Wu: “Senior House Democrat burned bipartisan Senate infrastructure negotiations at private conference … saying he hopes talks fail 48 hours before a vote much publicized test in the upper house.

“Representative. Peter DeFazio (D-Ore.), Who heads the House transport committee, trashed the bipartisan measure negotiated by the GOP in a fiery appeal with other Democrats, according to three sources during the call. “Crashing everything is probably the best thing,” DeFazio said when calling the Senate talks, which have… Biden’s approval. DeFazio’s frustrations were echoed by several other members during the call.

DELTA CHANGES THE EQUATION – Mohamed A. El-Erian on Bloomberg Opinion: “The surge of the delta variant of Covid-19 around the world raises concerns about the robustness of what has already been an uneven and uncertain global economic recovery…

“Let’s start with the two points that most people agree on: first, that the delta variant is much more contagious than previous iterations; and second, that the link between infections, hospitalizations and deaths has thankfully been weakened … We also know that the risk of new variants will persist if the world continues with what has been a sequential and uncorrelated approach to the fight against Covid ”

NEW TO THE TREASURE – Via Ed Mills by Raymond James: “[T]The Biden administration announced the appointment of Graham Steele as Deputy Secretary for Financial Institutions at the Treasury Department, a powerful role that is the latest signal of a gradual policy change in banking, asset management and housing policy.

“Steele can be seen as a powerful progressive ally in financial regulation and has advocated the aggressive use of a wide range of regulatory tools to reduce the size and market power of financial firms. ”

EQUITIES tumble as virus fears to shake markets – Stan Choe, Alex Veiga and Damian J. Troise of AP: “Concerns over the resurgence of a pandemic caused Wall Street shares in Tokyo to fall on Monday, fueled by fears that a variant of the virus would spread faster could upset the strong recovery of the economy.

“The S&P 500 fell 68.67, or 1.6%, to 4,258.49, after setting a record a week earlier. Another sign of concern, the 10-year Treasury yield hit its lowest level in five months as investors scrambled to find safer places to put their money.

‘MANY VERY YOUNG PEOPLE’ WILL BUY DECREASING STOCKS – Vildana Hajric and Claire Ballentine of Bloomberg: “One day the post-pandemic equity rally is going to end. When that happens, it will take a lot of newly baptized stock bulls.

“Their refusal to fold has been the signature of the stock market for at least 12 months, placing a floor under four more massive sell-offs in 2021 alone that look like the one that has cut nearly 3% from the S&P 500 since Thursday. The question of whether the dedication of retail investors is enough to turn the tide is the biggest question in the markets right now. ”

AS STABLECOINS EXPLODE IN POPULARITY, REGULATORS PREPARE A RESPONSE – NYT’s Jeanna Smialek: “Leading U.S. financial regulators met on Monday to discuss stablecoins, asset-backed digital currencies that are exploding in popularity so quickly the government is struggling to keep up – and that economic officials consider increasingly as a risk to financial stability.

“Stables are cryptocurrencies that derive their value from an underlying currency or basket of assets, and they have long been a unique concern. When news broke in 2018 and 2019 that Facebook was planning to create a stablecoin, the Federal Reserve and other regulators took note, fearing the project could quickly gain momentum. ”

Yellen urges US to move quickly to stablecoin rules – Reuters’ Pete Schroeder: “Treasury Secretary Janet Yellen told regulators on Monday that the US government must act quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. A group of U.S. regulators plan to issue recommendations in the coming months to address regulatory loopholes around stablecoins, the Treasury Department said in a statement.

REGULATORS SEEK TO FIX THE FUNDS THAT HAVE FALLEN IN THE LATEST CRISES – Paul J. Davies of the WSJ: “The onset of the Covid-19 pandemic has brought a familiar wave of stress to money market funds, which businesses and consumers use like checking accounts to store their cash. The Federal Reserve had to intervene to keep these funds operational. It was a malfunction that was not meant to happen. Several rounds of reforms around the world were aimed at strengthening money market funds after their collapse during the 2008 financial crisis.

“Now the Financial Stability Board, which brings together regulators from around the world, has proposed yet another round of changes in an attempt to minimize the likelihood that central banks will have to step in and support markets.”

ROBINHOOD SEES A VALUATION OF UP TO $ 35B – AP’s Michelle Chapman: “Robinhood, the online brokerage firm that got embroiled in this year’s meme stock market phenomenon, will go public next week looking for a market valuation of up to $ 35 billion.” . The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $ 38 to $ 42 per share. It could raise around $ 2.3 billion if the shares are sold at the high end of the range. Robinhood offers approximately 52.4 million shares.

BIDEN SAYS INFLATION IS TEMPORARY – Steve Holland and Andrea Shalal of Reuters: US President Joe Biden said on Monday that a price increase must be temporary, but his administration understood that longer-term unchecked inflation would be a ‘real challenge’ for the economy. economy and remain vigilant. Biden said he recently told Federal Reserve Board Chairman Jerome Powell that the Fed is independent and should take whatever action it deems necessary to support a strong and lasting recovery. ”

OFFICIAL ARBITRATOR SAYS COVID RECESSION ENDED IN APRIL 2020 – Hannah Lang and Bryan Mena of the WSJ: “The United States officially emerged from a recession in April 2020, concluding an economic contraction due to a pandemic that lasted two months, making it the shortest on record.

“The National Bureau of Economic Research’s announcement Monday also marks April as the official start of economic recovery after the initial shock of the coronavirus pandemic last spring, which sparked numerous business and business closures. schools, a sharp drop in demand for services and a record loss of jobs.



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States like Texas that value economic freedom attract rush of newcomers http://obitel.kiev.ua/states-like-texas-that-value-economic-freedom-attract-rush-of-newcomers/ http://obitel.kiev.ua/states-like-texas-that-value-economic-freedom-attract-rush-of-newcomers/#respond Fri, 16 Jul 2021 06:32:14 +0000 http://obitel.kiev.ua/states-like-texas-that-value-economic-freedom-attract-rush-of-newcomers/ For years, people and businesses have flocked across the heavily taxed California and New York borders to more freedom-friendly states like Texas and Florida. The exodus was so large that by the time the 2020 census figures were released California and New York had lost enough populations to cost them a seat in Congress. In […]]]>

For years, people and businesses have flocked across the heavily taxed California and New York borders to more freedom-friendly states like Texas and Florida. The exodus was so large that by the time the 2020 census figures were released California and New York had lost enough populations to cost them a seat in Congress. In contrast, Texas won two seats and Florida one.

The pandemic slowed down the typical summer moving season in 2020, but according to North American Moving Services, California and New York continued to be among the states with the highest emigration of residents last year, while the Texas and Florida were among those with the greatest in-migration.

This trend appears to be continuing, given current rental prices for moving trucks. A recent audit shows that renting a standard 26-foot U-Haul truck in Dallas and back to Los Angeles costs $ 1,469. Getting one from LA to Dallas costs three and a half times as much ($ 5,154).

This higher price probably reflects the much greater demand for rental trucks from LA residents to move than from Dallas residents to move to LA.Riding a truck from Dallas to LA is so much cheaper, maybe because U-Haul needs these trucks returned to LA to meet this higher demand. Similar patterns exist for other city pairs in our four largest states.

While many factors factor into a decision to relocate, it’s hard to ignore the stark contrast in public policy approaches between these two pairs of large states. Texas and Florida are two of the eight states that have no state-level income tax, while California and New York impose two of the highest state income taxes, with higher rates 13.3% (highest) and 8.8% (highest fifth). ) respectively. It’s a substantial portion of the change taken from people’s paychecks that they can keep if they move to Texas or Florida.

The Fraser Institute’s most recent annual report on North American Economic Freedom ranks Texas fourth and Florida second. California was 47th and New York was dead last, as has been the case for 11 of the past 12 years. The Tax Foundation’s State Business Tax Climate Index showed a similar contrast: Texas was 11th and Florida fourth, while California was 49th and New York 48th. There is a fairly clear distinction in the approach between the high taxes and regulatory burdens of the latter two states and the low fiscal and regulatory burdens of the former two.

These differences in population migration and public policies may be just a coincidence. However, recent academic research in the Southern Economic Journal suggests otherwise. Co-authors Imran Arif, Adam Hoffer, Donald Lacombe and I have examined over 20 years of metropolitan statistical data on population migration and economic freedom. After controlling for other factors that influence population migration, we found that MSAs with greater economic freedom had higher net in-migration.

Specifically, a 10% increase in relative economic freedom was associated with a 27% increase in net immigration. On average, this translates into an increase in net immigration of 22 people per year from every other metropolitan statistical area (and there are nearly 400 MSA). Our results are consistent with similar findings in several academic papers using state-level data.

Much has changed since the start of the pandemic. However, when it comes to relocating, Americans continue to vote with their feet for economic freedom, leaving states with high taxes and regulatory burdens like California, New York, Illinois, and New York. Jersey for states with low taxes and regulatory charges such as Texas, Florida, North Carolina and Tennessee.

While there is still plenty of room for improvement in state policy, even in Texas, this model bodes well for the health of the Texas economy for years to come.

Dean Stansel is Associate Research Professor at the Bridwell Institute for Economic Freedom at Southern Methodist University and the principal author of the Fraser Institute’s annual report on Economic Freedom in North America. He wrote this column for The Dallas Morning News.

Do you have an opinion on this problem? Send a letter to an editor and you might just get published.


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Wyoming sets new rules to make loans of $ 5 million to $ 25 million available to businesses for large projects http://obitel.kiev.ua/wyoming-sets-new-rules-to-make-loans-of-5-million-to-25-million-available-to-businesses-for-large-projects/ http://obitel.kiev.ua/wyoming-sets-new-rules-to-make-loans-of-5-million-to-25-million-available-to-businesses-for-large-projects/#respond Fri, 09 Jul 2021 17:47:18 +0000 http://obitel.kiev.ua/wyoming-sets-new-rules-to-make-loans-of-5-million-to-25-million-available-to-businesses-for-large-projects/ By Brendan LaChance on July 9, 2021 The restored Wyoming State Capitol building is seen on the night of February 11, 2020 in Cheyenne. (Dan Cepeda, Oil City file) CASPER, Wyoming – The Wyoming Business Council announced Friday that new rules for a “Major Economic Development Project Loan Program” have been established. Businesses will be […]]]>

By Brendan LaChance on July 9, 2021

The restored Wyoming State Capitol building is seen on the night of February 11, 2020 in Cheyenne. (Dan Cepeda, Oil City file)

CASPER, Wyoming – The Wyoming Business Council announced Friday that new rules for a “Major Economic Development Project Loan Program” have been established.

Businesses will be able to apply for loans of $ 5 to $ 25 million under the program to “finance the purchase, construction and installation of buildings or equipment that will add economic value to goods, services or resources in the country. ‘State of Wyoming’.

The Wyoming State Treasurer is authorized to lend funds under the program to proposed or existing Wyoming businesses if the project qualifies under the program rules.

The article continues below …

The eligibility conditions include that the proposed or existing business:

  • employ people within the state
  • provide services in the state
  • use state resources or add economic value to goods, services or resources within the state

For eligible projects, the following conditions will apply:

  • Minimum interest rate of 1%
  • Loan term limits determined by business cash flow; not exceed the “useful life of the financed assets”
  • Equity: applicants must contribute at least 25% of the requested loan or loan guarantee
  • Security: “A first security on the project, including the pledge of operating income plus a mortgage on the installation or a security on the equipment given as security”
  • Fees: Loan origination fees or loan guarantee amounts equal to 1% of the total loan amount will be charged

Applicants are required to submit applications to the governor, state treasurer, and Wyoming Business Council.

“Eligible projects should generally consist of a well-defined and prospectively planned business venture of an applicant, and the project should have a defined start and end date,” says the WBC. “A loan or loan guarantee hereunder shall not be used to finance prior commercial or construction expenses. “

“The expenses eligible for reimbursement of the loan proceeds after execution of the applicable loan or loan guarantee documents must be reported as soon as possible when the loan or loan guarantee application is presented to the Governor. Funding under this program must not be used as a refinancing mechanism or otherwise used to replace the loan or loan guarantee for an applicant’s current lenders.

The full rules for the new program are available online.

The WBC also administers other loan programs, which are summarized in this table:

Report a correction or typo.


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ITC hotels: five-star hotels in India become more pet-friendly http://obitel.kiev.ua/itc-hotels-five-star-hotels-in-india-become-more-pet-friendly/ http://obitel.kiev.ua/itc-hotels-five-star-hotels-in-india-become-more-pet-friendly/#respond Tue, 06 Jul 2021 05:08:00 +0000 http://obitel.kiev.ua/itc-hotels-five-star-hotels-in-india-become-more-pet-friendly/ Five-star hotels in India are becoming the pets, doing everything they can to attract travelers looking for a safe place to stay with their furry friends amid the pandemic. Hotels, Indian Hotels Company (IHCL) and Marriott International are among the hotel chains that now allow pets in many more of their properties. ITC Hotels last […]]]>
Five-star hotels in India are becoming the pets, doing everything they can to attract travelers looking for a safe place to stay with their furry friends amid the pandemic. Hotels, Indian Hotels Company (IHCL) and Marriott International are among the hotel chains that now allow pets in many more of their properties.

ITC Hotels last year extended the “Petcaytions” initiative in India to many properties under its five-star Welcomhotel brand, including properties in Pahalgam, Mussoorie, Amritsar and Jodhpur. with information such as “vets on call”. Its ITC Grand Bharat hotel in Gurgaon also accepts pets.

Sensing the growing demand, other Welcomhotels are expected to introduce the facility this year. “After the pandemic, many travelers are looking for destinations that allow pet stays. We are also deploying petcaytions to other leisure destinations as we have received many requests for the same, ”said a spokesperson for ITC Hotels.

Over the past year, some Taj brand hotels and properties have started allowing guests to bring their furry friends, such as those from Varanasi, Corbett, Coorg, and Goa. Vacations in and near passable places have increased demand for more pet friendly services. The chain’s SeleQtions brand saw increased demand and introduced a “Pawcations offering” in October last year at all of its hotels.

“From pet-friendly bistros to a relaxed stroll through the lawns, hotels throw memorable experiences for four-legged guests, just as they would for their pet parents,” a spokesperson for the IHCL.

All Vivanta hotels in the chain are pet-friendly, as are the bungalows of the homestay brand Ama Stays & Trails.

Marriott International hotels that have opened their doors to pets include the Westin Hotels in Gurgaon, Chennai and Kolkata, Le Meridien Kochi, the Renaissance Bengaluru Race Course Hotel, and Goa Marriott Resort & Spa.

“We currently have 12 pet-friendly Marriott hotels in eight cities. As the trend of pet travel increases, more hotels in the Marriott International portfolio will join the pet-friendly program, ”said a spokesperson for Marriott International.

“These hotels will board, carry out strict safety and health checks, manage and maintain high quality pet friendly services, aligned with an overall sensitivity and responsibility for the comfort and convenience of all guests of the property. “, added the spokesperson. .

The number of pet arrivals has increased dramatically at the Four Seasons Hotel in Bangalore and is already twice as high as last year so far. A special a la carte pet menu is available for in-room orders for furry hotel guests. In addition, chefs also respond to dietary needs, if they are informed accordingly.

A spokesperson for the property said there were several reasons for the increase in the number of guests with pets. “Guests staying at the hotel are now looking for a relaxing stay, and the extensive green areas and gardens are ideal for families with pets. Plus, our four Garden Suites have adjoining private terraces that pets can use to explore freely while families are outdoors lounging, ”she added.

Nitin Sud, manager of the Narendra Bhawan Bikaner hotel, said the hotel was improvising the pet facilities.

“Narendra Bhawan has been a pet friendly establishment since its inception and we have frequently received inquiries from guests in the past who have been accompanied by their furry friends. We are confident that as soon as we announce that we will reopen the hotel by the end of this month, we will quite often receive similar requests, ”he added.


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Child murders in Maine follow years of investment in public child welfare system http://obitel.kiev.ua/child-murders-in-maine-follow-years-of-investment-in-public-child-welfare-system/ http://obitel.kiev.ua/child-murders-in-maine-follow-years-of-investment-in-public-child-welfare-system/#respond Tue, 06 Jul 2021 05:00:00 +0000 http://obitel.kiev.ua/child-murders-in-maine-follow-years-of-investment-in-public-child-welfare-system/ The murders of three young children in Maine since early last month, allegedly by parents, follow years in which the state has devoted more resources to its child welfare system and has seen this system in the field and reviewed more reports of suspected child abuse. State lawmakers have three times approved funding to hire […]]]>

The murders of three young children in Maine since early last month, allegedly by parents, follow years in which the state has devoted more resources to its child welfare system and has seen this system in the field and reviewed more reports of suspected child abuse.

State lawmakers have three times approved funding to hire more social workers, supervisors and social workers since the murders of Kendall Chick, 4, and Marissa Kennedy, 10, over three years. system. They have approved measures to strengthen their compensation and turnover tends to decrease.

Yet the state in 2019 reported that the number of substantiated child abuse victims reached their highest level in years, and the rate of child abuse victims in Maine was more than double the national rate. , according to Maine Children’s annual KIDS COUNT report. Alliance.


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Growth in household spending in Japan in May slows from the previous month http://obitel.kiev.ua/growth-in-household-spending-in-japan-in-may-slows-from-the-previous-month/ http://obitel.kiev.ua/growth-in-household-spending-in-japan-in-may-slows-from-the-previous-month/#respond Tue, 06 Jul 2021 02:06:00 +0000 http://obitel.kiev.ua/growth-in-household-spending-in-japan-in-may-slows-from-the-previous-month/ Household spending in May increases 11.6% yoy vs f’cast 10.9% Household spending down 2.1% m / m in May vs f’cast -3.7% Spending growth slows after April’s 13.0% yoy jump TOKYO, July 6 (Reuters) – Japanese household spending rose at a double-digit rate in May as consumers bought cars and cellphones, although the pace of […]]]>
  • Household spending in May increases 11.6% yoy vs f’cast 10.9%
  • Household spending down 2.1% m / m in May vs f’cast -3.7%
  • Spending growth slows after April’s 13.0% yoy jump

TOKYO, July 6 (Reuters) – Japanese household spending rose at a double-digit rate in May as consumers bought cars and cellphones, although the pace of growth slowed from the previous month as a new wave of COVID-19 infections has weighed on consumers. trust.

Japan’s economy is struggling to shake off the coronavirus pandemic after the government implemented “near-emergency” measures in Tokyo and other major areas to curb a resurgence in infections.

Household spending rose 11.6% year-on-year in May, the third month of growth, after rising 13.0% in April, government data showed on Tuesday. It was stronger than a median market forecast for a gain of 10.9% in a Reuters poll.

But the gains were heavily skewed by the pullback effect of last year’s plunge, when the pandemic and a nationwide state of emergency shut down businesses and disrupted daily life.

Excluding big-ticket items like housing, cars and gifts, household spending rose 8.9% year-on-year, but down 6.5% from the same month two years earlier – a sign that recovery takes time to fall asleep.

“It will be difficult for service spending to recover if the brakes on economic activity are not completely lifted,” said Takumi Tsunoda, senior economist at the Shinkin Central Bank Research Institute.

“As the roll-out of the vaccine is progressing faster than expected, its (economic) impact may not be visible until September or later. “

The monthly figures showed a contraction of 2.1% from an expected drop of 3.7%, according to data from the Ministry of the Interior and Communications.

While spending in May fell less than expected from the previous month, weak car sales in June – in part due to the supply impact of a semiconductor shortage – is expected to weigh on spending last month, Tsunoda said.

Spending growth in May is unlikely to allay concerns that Japan is lagging behind recoveries in other major economies such as the United States, which the International Monetary Fund projects to grow by 7.0% this year – the fastest pace in a generation. Read more

The combination of the risk of another spike in infections and a late vaccination campaign in the country has shaken consumer and business confidence.

Separate data released on Tuesday showed that real inflation-adjusted wages in May posted the biggest year-over-year increase since June 2018, in part due to an annual increase in overtime pay .

Some analysts fear that the Japanese economy could fall back into recession in the second quarter, defined as two consecutive quarters of contraction, as consumer and business confidence has been hit by measures to stem an increase in coronavirus infections. Read more

On Monday, a survey of private companies showed that activity in Japan’s service sector contracted for the 17th consecutive month in June. Read more

Reporting by Daniel Leussink; Editing by Kim Coghill and Kenneth Maxwell

Our Standards: Thomson Reuters Trust Principles.


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Economic data puts the euro and the dollar in the spotlight, with the RBA also in action early in the day http://obitel.kiev.ua/economic-data-puts-the-euro-and-the-dollar-in-the-spotlight-with-the-rba-also-in-action-early-in-the-day/ http://obitel.kiev.ua/economic-data-puts-the-euro-and-the-dollar-in-the-spotlight-with-the-rba-also-in-action-early-in-the-day/#respond Tue, 06 Jul 2021 00:00:00 +0000 http://obitel.kiev.ua/economic-data-puts-the-euro-and-the-dollar-in-the-spotlight-with-the-rba-also-in-action-early-in-the-day/ Early in the day: It was a busy start to the day on the economic calendar. this morning. The Kiwi dollar and Japanese yen were in action. Later this morning, the RBA will issue its July monetary policy decision. For the Kiwi Dollar Business confidence was at the center of concerns early in the morning. […]]]>

Early in the day:

It was a busy start to the day on the economic calendar. this morning. The Kiwi dollar and Japanese yen were in action. Later this morning, the RBA will issue its July monetary policy decision.

For the Kiwi Dollar

Business confidence was at the center of concerns early in the morning.

In the 2sd quarter, NZIER business confidence rose 7%, partially reversing a 13% drop from the previous quarter. Economists were forecasting a drop of 7%.

According to the NZIER, business activity has also picked up strongly, with a net 26% of businesses reporting increased demand.

The Kiwi dollar fell from $ 0.70217 to $ 0.70362 when the figures were released. At the time of this writing, the Kiwi Dollar was up 0.43% to $ 0.7057.

For the Japanese yen

Household spending fell 2.1% in May, month-on-month, which was better than the expected decline of 3.2%. In April, spending rose 0.1%.

Year over year, household spending rose 11.6%, ahead of an expected increase of 11.0%. In April, household spending rose 13.0%.

According to the Bureau of Statistics,

  • Year-on-year, spending on housing (+ 28.9%), culture and leisure (+ 24.0%), transport and communications (+ 23.5%) and education (+22 , 8%).
  • Spending on medical care increased 14.9%, while spending on clothing and footwear increased 13.0%.
  • While food expenditure increased by 2.1%, there were declines in expenditure on fuel, lighting and water (-2.4%) and household furniture and utensils (-2, 6%).

The Japanese Yen fell from 110.952 to 110.935 on the release of the data. At the time of this writing, the Japanese yen was up 0.03% to 110.940 against the US dollar.

For the Australian dollar

There weren’t any important stats to consider in the early hours. Later this morning, however, the RBA will release its July monetary policy decision.

With the RBA supposed to stay true to its policy, the focus will be on reporting rates.

At the time of this writing, the Australian dollar was up 0.17% to $ 0.7543.

The day to come

For the euro

It’s another busy day on the economic data front. German factory orders and Eurozone retail sales figures will be the focus of concern later today. The ZEW economic sentiment figures for Germany and the Eurozone will also have an influence.

Expect German factory orders and economic sentiment numbers for Germany and the Eurozone to be key.

At the time of this writing, the euro was up 0.01% to $ 1.1865.

For the pound

It’s a calm day ahead on the economic calendar. Construction PMI figures for June are due later today.

The numbers are unlikely to influence, however, as markets are more focused on the government’s plans to ease restrictions.

At the time of this writing, the pound was up 0.08% to $ 1.3855.

Across the pond

The service sector is in the spotlight later today. The finalized PMI figures from the Markit survey services for June are expected along with the ISM non-manufacturing PMI for June.

Expect the market’s preferred non-manufacturing ISM PMI to have a bigger impact on the dollar and the market in general.

Outside of the economic calendar, chatter from FOMC members will also need to be watched.

Earlier this week, the Dollar Spot Index fell 0.02% to end the day at 92.212.

For the loonie

It’s another particularly calm day ahead on the economic data front. There are no hard statistics to give direction to the loonie. A lack of statistics will continue to leave the loonie in the hands of market risk sentiment that day.

At the time of this writing, the loonie was up 0.02% to C $ 1.2339 against the US dollar.

For an overview of all of today’s economic events, check out our economic calendar.


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Covid-19 has dramatically reduced economic prospects for women, report says http://obitel.kiev.ua/covid-19-has-dramatically-reduced-economic-prospects-for-women-report-says/ http://obitel.kiev.ua/covid-19-has-dramatically-reduced-economic-prospects-for-women-report-says/#respond Mon, 05 Jul 2021 23:02:39 +0000 http://obitel.kiev.ua/covid-19-has-dramatically-reduced-economic-prospects-for-women-report-says/ Women’s economic prospects have suffered a major setback due to the Covid-19 pandemic, according to a report from a social innovation group. The document, based on testimonies from participants in programs supported by Rethink Ireland’s Mná na hÉireann (Women of Ireland) fund, indicates that the pandemic has had a marked impact on the jobs, incomes […]]]>

Women’s economic prospects have suffered a major setback due to the Covid-19 pandemic, according to a report from a social innovation group.

The document, based on testimonies from participants in programs supported by Rethink Ireland’s Mná na hÉireann (Women of Ireland) fund, indicates that the pandemic has had a marked impact on the jobs, incomes and responsibilities of women in the world. hearth.

Respondents said increased care responsibilities due to pandemic restrictions had limited their personal and professional development.

With childcare services hampered during closures, the women described the challenge of progressing in their studies while looking after their families.

The report cites a number of mothers who hoped to return to work only for the pandemic to derail their plans.

A single mother and a student said finding a job last year was ‘out of the question’ as childcare needs could not be met during the pandemic.

“Almost too late”

Many women found that most of the family responsibilities fell on them during this time, which resulted in increased mental health problems.

“I’ve been busy taking care of everyone and only think of myself when it’s almost too late,” said the respondent.

Created by Rethink Ireland, in partnership with Bank of America and the Department of Rural and Community Development through the Dormant Accounts Fund, the Mná na hÉireann fund supports six charities and social enterprises aimed at improving women’s economic mobility. These are Dress for Success; A Cosan; Transgender Equality Network Ireland; Irish Refugee Council; Westmeath and Equal Ireland Community Development.

Many respondent employment programs were developed for a different professional landscape, when hospitality and retail were growth sectors, the report says.

Many of these projects have had to focus on sectors currently in demand, such as health and personal care services. The projects were also challenged in their willingness to help participants improve their digital literacy during the pandemic, especially for women in direct delivery who did not have access to the required technology.

Reskill

The report recommends the introduction of targeted measures to help women retraining, while indicating that the government should also address the economic inequalities experienced by women living on the margins of society.

Rethink Ireland also calls for a diverse representation of women to be “present at all tables where decisions about social and economic policy are made”. Gender and equality budgeting should be integrated into all economic decisions, the report recommends.

Deirdre Mortell, chief executive of Rethink Ireland, said the pandemic had “exposed and deepened the economic and social inequalities” faced by women, especially those from minority groups and disadvantaged communities.

“As we emerge from the Covid-19 pandemic, the time has come for us as a society to reaffirm our commitment to promoting the economic mobility of women as part of broader equality agendas,” he said. she adds.


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5 Problems Pennsylvania Lawmakers Will Face When Returning From Summer Vacation | state http://obitel.kiev.ua/5-problems-pennsylvania-lawmakers-will-face-when-returning-from-summer-vacation-state/ http://obitel.kiev.ua/5-problems-pennsylvania-lawmakers-will-face-when-returning-from-summer-vacation-state/#respond Mon, 05 Jul 2021 23:00:00 +0000 http://obitel.kiev.ua/5-problems-pennsylvania-lawmakers-will-face-when-returning-from-summer-vacation-state/ Featured sound system is an independent, non-partisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive / The Patriot-News, TribLIVE / Pittsburgh Tribune-Review and WITF Public Media. Sign up for our free newsletters. Harrisburg, PA – The Pennsylvania General Assembly is heading for a long summer break after a flurry of legislative activity. But […]]]>

Featured sound system is an independent, non-partisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive / The Patriot-News, TribLIVE / Pittsburgh Tribune-Review and WITF Public Media. Sign up for our free newsletters.

Harrisburg, PA – The Pennsylvania General Assembly is heading for a long summer break after a flurry of legislative activity. But several key issues remain unresolved and will have to wait until lawmakers meet again in the fall.

Democrats have indicated they want to see more government spending to deal with the economic fallout from the pandemic. Republicans who control both legislative chambers hope to focus on electoral reform and facilitate economic growth by extending pandemic regulatory waivers and prudently spending federal dollars.

Here are the issues to watch out for.

Electoral reform

Gov. Tom Wolf vetoed an electoral reform bill drafted by Republicans last week, saying it would result in voter suppression. GOP lawmakers countered that it would provide additional security measures while expanding access to the ballot boxes.

The measure included stricter voter identification requirements, shorter deadlines for applying for a postal ballot and a plan to introduce early voting by 2025.

Republicans are expected to resuscitate the problem upon their return. Jason Thompson, spokesperson for Pro Tempore Senate Speaker Jake Corman (R., Center), said electoral reform will be “one of our top priorities” when the legislature reconvenes.

Senator David Argall (R., Schuykill) introduced a bill in June that would give counties the option to start processing postal ballots before election day and extend the deadline for requesting a vote by correspondence. The bipartisan Association of Pennsylvania County Commissioners lobbied for the reforms, arguing they are necessary to avoid delays in reporting results – an issue they faced in the November 2020 election.

With Wolf’s veto, Republican lawmakers this fall could consider stand-alone bills with a better chance of winning the governor’s signature while pursuing a path that brings more controversial issues directly to voters.

Earlier this week, a key Republican – York County Rep. Seth Grove – expressed support for Wolf’s bypass and extending voter identification in Pennsylvania through a constitutional amendment. A resolution was passed by the state Senate in June and sent to the House for consideration.

The General Assembly must approve the measure in two consecutive two-year sessions to send the issue to voters. The earliest the question could appear on the ballot is 2023.

$ 5 billion in federal relief dollars

Pennsylvania’s $ 40 billion budget envelope allocated $ 2 billion in federal bailout funds for social services, highway construction, retirement homes, and higher education. But the state still has $ 5 billion in relief funds.

Democrats want these funds spent on more financial aid for Pennsylvanians. Democratic Senate spokesperson Brittany Crampsie told Spotlight PA that lawmakers will advocate for those dollars to be spent on rent assistance, public health initiatives and worker training programs.

“Whatever legislative process we have to go through to get this money to the people as it was intended, that’s what we’re going to do,” Crampsie said.

But Democrats will certainly meet Republican resistance.

GOP lawmakers are reluctant to spend federal money too quickly, pointing to a budget deficit more than a decade ago after Pennsylvania used one-time stimulus dollars to increase funding for basic education. If the state uses relief funds to increase funding for a program or create a new one, lawmakers will eventually need to find another source of revenue, which may require higher taxes.

“Despite what Democrats have said, when you start a program you can hardly ever get rid of it,” Republican House spokesman Jason Gottesman said. “Our main priority was to use this money … prudently over the long term to make sure we don’t go back to taxpayers to continue funding programs.”

To boost Pennsylvania’s economic recovery, Republicans would prefer to consider expanding certain regulatory waivers. Before lawmakers voted to end Wolf’s declaration of pandemic emergency in June, lawmakers extended many regulatory exemptions from the ordinance until September. These waivers relaxed state regulations on telemedicine, outside nurses, and unemployment benefit requirements.

“I think we are moving in a positive direction with a lot of [emergency declaration] warrants being removed, and as we get a bit closer to fall, we’ll be focusing on which waivers we want to keep and those we want to let expire, ”said Thompson, spokesperson for Corman.

States have until 2024 to spend federal money, which means time is running out.






Kendrick Worth, director of Wrap Shack in Philadelphia, creates a take-out margarita in May. Take-out cocktails are no longer allowed in the state.




Take away cocktails

Despite bipartisan support, lawmakers did not extend a popular pandemic-era provision that allowed bars and restaurants to sell take-out cocktails.

The option of selling ready-to-go cocktails ended when the legislature voted to end Wolf’s declaration of emergency.

The House passed a bill in May, with bipartisan support, that would make the sale of take-out cocktails permanent. But an amendment to the bill by Sen. Mike Regan (R., York) widened the scope of the measure and lost support from Democrats, including Wolf.

Regan’s proposal would have allowed private retailers to compete with state stores by selling canned cocktails. Under current law, state liquor stores are the only retailers licensed to sell them in Pennsylvania. Regan has family ties to the industry.

The House withdrew the amendment from the bill and sent it back to the Senate, which refused to act before the legislature was suspended for the summer. Restaurants are now banned from selling take-out cocktails and will no longer be able to do so unless lawmakers pass a law in the fall.

Lobbying reform

Leading Republican lawmakers have indicated that lobbying reform will be a priority for them this session. Thompson, spokesperson for Corman, told Spotlight PA that the senator plans to unveil a lobbying reform bill “any day now” to be voted on in the fall.

In a May statement, Corman said he hoped to fight lobbyist transparency, ethical conduct and limiting influence on the General Assembly. Some proposed changes include a requirement for lobbyists to disclose conflicts with their clients, a ban on campaign consultants from being registered lobbyists, and a requirement for lobbyists to take ethics training.

In addition, several lobbying reform bills have already been tabled in the House.

Cannabis legalization

Pennsylvanians could attend debates over the legalization of cannabis in the House and Senate this fall. Recreational cannabis is legal in the District of Columbia and 18 states, but Pennsylvania is not one of them.

Although more Democrats have defended legalization than Republicans, the issue enjoys some bipartisan support. Senator Sharif Street (D., Philadelphia) and Senator Dan Laughlin (R., Erie) introduced a bill last February to legalize use by adults.

Wolf also supported legalization, saying it would boost “potential economic growth and restorative justice if needed.” But the measure was pushed back by the GOP-controlled legislature, leaving its fate uncertain.

WHILE YOU ARE HERE … If you learned anything from this story pay for it and become a member of Featured sound system so that someone else can in the future to projectorpa.org/donate. Spotlight PA is funded by foundations and readers like you who are committed to accountability journalism that gets results.


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World Economic Forum article highlights how blockchain could help fight corruption in government services http://obitel.kiev.ua/world-economic-forum-article-highlights-how-blockchain-could-help-fight-corruption-in-government-services/ http://obitel.kiev.ua/world-economic-forum-article-highlights-how-blockchain-could-help-fight-corruption-in-government-services/#respond Mon, 05 Jul 2021 22:26:51 +0000 http://obitel.kiev.ua/world-economic-forum-article-highlights-how-blockchain-could-help-fight-corruption-in-government-services/ An article posted on the World Economic Forum (WEF) website by a business executive stated the benefits of blockchain, saying emerging technology could be the solution to mitigate corruption in government departments. Blockchain application for public procurement and land registry Matthew Van Niekerk, co-founder and CEO of Blockchain-as-a-Service (BaaS) SettleMint, mentionned two use cases where […]]]>

An article posted on the World Economic Forum (WEF) website by a business executive stated the benefits of blockchain, saying emerging technology could be the solution to mitigate corruption in government departments.

Blockchain application for public procurement and land registry

Matthew Van Niekerk, co-founder and CEO of Blockchain-as-a-Service (BaaS) SettleMint, mentionned two use cases where blockchain could prove useful for government applications. The use cases highlighted by Van Niekerk are public procurement and the cadastre.

According to the CEO of SettleMint, public procurement is prone to corruption due to the potential financial gains involved and the ease of covering up corrupt acts. In addition, other parties such as the media, regulators, citizens and end users were discouraged from participating in the procurement process because information could be delayed, changed and unreliable.

In addition, public officials and private companies are mainly involved in the procurement process, which leaves room for corrupt practices. However, Van Niekerk believed that blockchain could offer transparency at different stages of the procurement process.

In addition, the CEO of SettleMint said that adoption of emerging technology can “encourage a broader coalition of stakeholders to participate and monitor supply cycles. In addition, the use of distributed ledger technology could prevent information tampering, while providing real-time accessibility to an ongoing procurement process.

Van Niekerk also noted inefficiencies in the land registration process. According to the executive, the long time associated with closing a real estate sale and the bottlenecks involved in the registration systems. Meanwhile, the head of SettleMint noted that adopting blockchain could help reduce the steps required to sell land, and also remove transaction bottlenecks, eliminating the need to bribe highs. officials to speed up the process.

As reported through BTCManager earlier in 2021, Medici Land Governance (MLG) partnered with the Liberian government to leverage blockchain technology to improve the land use system in Liberia.

Blockchain continues to see increased adoption across different sectors and industries including health and Trade. In April, the European Investment Bank (EIB) was considering adoption of distributed ledger technology for bond sales. Meanwhile, supply chain management (SCM) has seen many applications blockchain-based solutions.

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