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$1.3 billion economic recovery in Vermont brings 7,000 Jobs

first_imgThe economic stimulus program that Congress passed last year to help pull the economy out of the deepest recession since the 1930s so far has provided tax relief for almost all Vermonters and created or saved some 7,000 jobs in the state, according to a report compiled for Vermont Senator Bernie Sanders.Almost $1 billion already has been invested in Vermont job-creating programs, a figure that doesn’t count the impact of federal tax cuts included in the stimulus bill. With the tax relief factored in, the total stimulus impact for Vermont ‘would be up to at least $1.3 billion,” according to Stephen Klein of the Vermont Legislative Joint Fiscal Office.‘A lot of people are wondering what the stimulus package did. How does my family benefit? Where are the jobs? That’s why we did this study,’ said Sanders (I-Vt.). ‘The answer is that federal taxes were cut for almost all Vermonters and thousands of jobs have been created or saved.‘While there is no question that we are still in a deep recession, without the stimulus our state and country would be in much worse shape,’ he added. ‘Let’s not forget that in January, 2009, our country hemorrhaged 741,000 jobs in one month. Now, while job creation is much too low and while there have been ups and downs, nearly 600,000 private sector jobs were created during the first six months of this year.’Formally known as the American Recovery and Reinvestment Act, the ongoing $862 billion bill that Congress passed 18 months ago already has saved or created at least 2.5 million jobs nationally and, according to the White House Council of Economic Advisors, at least 7,000 in Vermont.Hundreds of millions of dollars are flowing into Vermont’s health care, railroads, highways, broadband systems and schools. The thousands of jobs helped begin to reverse the effects of the recession in Vermont. The state jobless rate was at least 7 percent for five straight months last year. In June, the Vermont unemployment rate fell to 6 percent.Moreover, federal taxes have gone down. More than 300,000 Vermont income tax filers will receive up to an $800 tax credit last year and this year. The Treasury Department has estimated that the tax credit benefits about 95 percent  of working families in Vermont.The income tax cut was not the only tax relief in the recovery act. All told, according to Citizens for Tax Justice, 99 percent of working families and individuals in Vermont received an average tax cut of $1,312 in 2009 as a result of the recovery act.According to one congressional study, 126,000 Vermont’s senior citizens received a one-time recovery payment of $250 in 2009. Another 14,000 Vermont families with children in college were able to claim a larger federal college tax credit (up to $2,500) as a result of the recovery act. More than 5,000 students in Vermont received a college tax credit for the first time. Some 21,000 children in Vermont benefitted from the expanded child tax credit.In addition, more than 2,400 homebuyers in Vermont received a tax credit of up to $8,000 toward the purchase of a first home. Some 36,000 Vermonters receiving unemployment compensation did not pay taxes on the first $2,400 of unemployment insurance. About 49,000 Vermont families were protected from paying higher taxes under the alternative minimum tax. And 59,000 small businesses in Vermont received tax cuts as a result of the recovery act for the purchase of capital equipment and other needs. ‘The stimulus did what it was supposed to do: short-circuit the recession and spur recovery,’ according to Mark Zandi, the chief economist of Moody’s Economy.com and an economics adviser to the presidential campaign of Sen. John McCain (R-Ariz.).Source: Sanders office. 7.28.2010last_img read more

SNL: U.S. Coal Exports Fall Again in 2015 as China, India Are Becoming Self-Sufficient

first_imgSNL: U.S. Coal Exports Fall Again in 2015 as China, India Are Becoming Self-Sufficient FacebookTwitterLinkedInEmailPrint分享Ken Silverstein for SNL:“In 2016, you can expect U.S. coal exports to be somewhere between 40 million short tons and 60 million short tons,” says Tom Sanzillo, director of finance for the Institute for Energy Economics and Financial Analysis in New York, in a phone interview. “Asia will account for near zero. That’s because both the metallurgical and thermal markets are down and getting worse.“India and China will be importing less coal for economic and security reasons,” he adds. “They don’t want to be dependent on anyone from the outside. It has negative fiscal and monetary consequences.”Meanwhile, U.S. coal imports remained constant at 11.3 million tons, roughly equal to that of 2014. Eighty-five percent of that is steam, or thermal, coal used to generate electricity. Colombia increased its exports to the U.S. by 8%, the EIA analysis says. Metallurgical coal, used in steelmaking, was mostly imported from Canada, it adds.But could things turn around for the coal export market? According to the EIA, the current global coal market trends are expected to continue, and U.S. coal exports are forecast to decline by an additional 11% in 2016 and by 3% in 2017.Coal imports into China peaked in 2013 and mid-2015, India may have turned corner. That is when coal imports fell by 6%, says the Institute for Energy Economics and Financial Analysis.As for Southeast Asia — and countries such as Indonesia and the Philippines — it may be consuming more coal, but it only accounts for 6% of all globally traded thermal coal, the institute adds. “Southeast Asia will definitely not save the U.S. export market,” says Sanzillo.Full article($): US coal exports fall again in 2015 as China, India are becoming self-sufficientlast_img read more

Suspect Charged With Shooting, Killing Hempstead Girl

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A suspect was arrested for allegedly killing a 12-year-old girl who was inside her Hempstead home when she was hit by a gunshot he fired from outside it three months ago, Nassau County police said.Jakwan KellerJakwan Keller was charged Sunday with second-degree murder, criminal use of a firearm and criminal possession of a weapon.Homicide Squad detectives alleged that the 20-year-old Hempstead man fired the gunshot that struck Dejah Joyner in the head while she was in the living room of her Dartmouth Street home at 5 p.m. Friday, Oct. 16.The victim was taken to a Winthrop University Hospital where she died the next day.Police had offered a $75,000 reward for information in the case.Keller will be arraigned Monday at First District Court in Hempstead.last_img

Are marijuana related business accounts too risky for your credit union?

first_imgThis year, we will be voting on a new president. We will also be voting on new congressmen and women as well. Other items up for vote will be new laws on the state level. These votes will bring with it the possibility of additional states allowing for the legalization of marijuana. Currently, Alaska, Colorado, Oregon, Washington, and Washington DC have legalized recreational, as well as medical, marijuana for adults. In addition to these states, 20 states have legalized medical marijuana. This year alone, could see the legalization of recreational use of marijuana in 10 additional states.As these votes are sometimes controversial, so has been the availability of financial services for marijuana related businesses. In October of 2009, the Obama Administration sent out a memo to federal prosecutors, telling them not to prosecute people or businesses who distribute medical marijuana in accordance with their state laws. Additional guidance for opening these accounts has been delivered by the US Attorney General and from FinCEN.Let’s take a look at what is expected from credit unions if they decide to provide financial services to marijuana related businesses. In August of 2013, Attorney General, James Cole, in a memo, stated marijuana remains a serious violation of federal law. He went on to say that there were eight significant “priorities” to public safety: continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Jack Henry gets vocal with launch of new bill pay skill for Alexa

first_imgJack Henry & Associates has launched a new bill pay product that allows credit union members to pay their bills using their voices and an Amazon Alexa smart speaker, according to an announcement from the company.The company’s iPay QuickPay product allows members to initiate payments, review scheduled payments and get basic information about their payments history via voice commands.“While applications of voice banking are truly just beginning to show up, Jack Henry believes they are growing and will become more sophisticated. We are happy to be a leader in developing transactional voice-enabled services for our financial institution clients, helping them to make banking more personal,” Jack Henry & Associates VP and JHA Payment Solutions General Manager Greg Adelson said.Much of the technology behind smartspeakers relies on “skills” (on Google devices they’re called “actions”) that give the devices a range of capabilities. By installing the iPay QuickPay “skill” on their smartspeakers, members can use their voices to authenticate access with a PIN and then manage their payments. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Trouble in bulk

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Governor Wolf Announces Creation of 65 New Jobs Through Expansion of EY Intuitive Facility in Philadelphia

first_img SHARE Email Facebook Twitter Governor Wolf Announces Creation of 65 New Jobs Through Expansion of EY Intuitive Facility in Philadelphia Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced EY Intuitive, a digital design and software group, will continue to invest in Pennsylvania by expanding its facility in the Manayunk section of Philadelphia, creating 65 new jobs.“I applaud EY Intuitive for creating 65 high-paying jobs to Philadelphia and laying the groundwork for future growth in Pennsylvania,” said Governor Wolf. “The expansion of this facility is just another example of a company recognizing that Pennsylvania is the best place to grow a business in the tech sector.”To meet growing demand, EY Intuitive, a division of Ernst & Young LLP, will expand at its current facility in Manayunk. The company has committed to investing at least $4 million on the expansion project including tenant fit-out and IT upgrades.“EY looks forward to continuing our work with the commonwealth to assist with various digital design projects and the additional office space we announced today will give us the type of facility we need to provide more initiatives for the state,” said Megan Hobson, partner, Ernst & Young LLP.EY Intuitive received a funding proposal from the Department of Community and Economic Development for a $200,000 Pennsylvania First grant and $130,000 in Job Creation Tax Credits to be issued after the new jobs are created. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.EY Intuitive provides digital design, research, and strategy services. Ernst & Young is a global assurance, tax, transaction, and advisory services company that helps build trust and confidence in capital markets and economies across the world.For more information about the Governor’s Action Team or DCED, visit dced.pa.gov.center_img July 05, 2017last_img read more

Parents ‘run ragged’ by children when back from grandparents

first_imgMail Online 28 May 2013A new study has revealed that parents are being ‘run ragged’ by their offspring when they get back from a stay at their grandparents because they have been so spoilt there.The study found that youngsters get fed what they want when they want, are allowed to watch whatever they want to on television, and stay up later than their normal bedtime when they stay at their grandparents’ house.Parents are finding it a struggle to get their children to behave again when they return home – so much so that one in four is now refusing to let youngsters stay overnight with grandparents at all.A further quarter said that they avoid letting their children stay while more than one in five admitted rowing with their parents or in-laws because they spoil their children too much.The study of 2,000 parents, carried out on behalf of comedy film Parental Guidance, found 83 per cent say their children are regularly spoilt by their grandparents with plenty of chocolate or cakes the most common treat.More than a third claim that their children are allowed to stay up past their bedtime at their grandparents and get away with not eating any of their lunch or dinner.A spokesperson for family comedy film Parental Guidance, which commissioned the study, said: ‘It’s widely accepted that it’s a grandparents’ job to spoil their grandchildren.TOP TEN WAYS GRANDPARENTS SPOIL THEIR GRANDCHILDRENGive them chocolate or cakeLet them stay up lateLet them off if they don’t want to eat all of their lunch or dinnerLet them eat whatever they wantLet them eat their lunch/dinner in front of the TVLet them do whatever they wantDon’t tell them off if they are naughtyLet them eat whenever they wantLet them watch TV shows that I usually say no toPut up with them talking backhttp://www.dailymail.co.uk/news/article-2332250/Parents-run-ragged-children-grandparents-theyve-spoilt.htmllast_img read more

Ivy Tech Community College Transfer Fair connects students with continuing education opportunities

first_imgLawrenceburg, In. — Ivy Tech Community College invites the community to their College Transfer Fair to show students how they can transfer their college credits to continue their education further. The fair will be from 11 a.m. to 1 p.m. Tuesday, Feb. 26 in the Student Lounge on the third floor of the Ivy Tech Lawrenceburg Riverfront Campus, 50 Walnut Street.The free event is open to anyone interested in learning how Ivy Tech credits and degrees transfer to four-year colleges. Current Ivy Tech students and high school students taking Ivy Tech dual credit or dual enrollment courses are encouraged to attend.“The College Transfer Fair is an informative opportunity for our students to learn how to transfer their credits to successfully continue their education,” stated by Shakira Grubbs, Vice Chancellor. She also goes on to say, “Students can visit with representatives from a number of colleges and universities and begin building their futures.”Representatives from over 25 different colleges and universities will be on hand at this year’s College Transfer Fair. Many will be from the tristate area, including Xavier University, University of Cincinnati, Indiana University East, Morehead University, Northern Kentucky University, Miami University, and Trine University. Attendees will receive a Transfer College Information Guide, and have the chance to enter a drawing for door prizes.Ivy Tech offers the Transfer General Education Core (TGEC), which enables students to earn 30 credit hours in core college courses that by state mandate are transferrable to all public universities in Indiana. In addition, the College offers Transfer Single Articulation Pathways (TSAPs), giving students who earn an associate degree the possibility of transferring to any state institution of higher education as a junior to pursue a bachelor’s degree.A partnership with IU East provides students with an opportunity to complete a four-year degree close to home. Students begin at Ivy Tech and later transfer their credits to IU East, which offers courses in Lawrenceburg. From there students can continue to complete credits in order to earn a bachelor’s degree.More than 13,000 Ivy Tech students transferred a total of 245,363 credit hours in the 2013-14 academic year – a savings that equates to $37.7 million or roughly $2,900 per student. The amount of students transferring to the state’s public colleges and universities has increased by 19 percent since the 2012-13 academic year. It is estimated that more than 30,000 Ivy Tech students will transfer credits each year to both in-state public institutions and private institutions as well as out-of-state institutions.Ivy Tech offers a wide variety of associate degrees as well as technical certificate programs in the fields of healthcare, business, industrial-technical training, human services, and general studies. Most credits earned at Ivy Tech are transferable to any of the state’s four-year public universities. Courses are conveniently offered at campuses in Lawrenceburg and Batesville.Students can contact Shakira Grubbs at sgrubbs5@ivytech.edu for more informationlast_img read more

Ola Aina injured, out of Brazil friendly

first_imgRelatedPosts Super Eagles’ Aina joins Fulham on season-long loan Global COVID-19 cases surpass 27m – Johns Hopkins Fulham hold Ola Aina talks Torino of Italy defender, Ola Aina, has been ruled out of Sunday’s friendly against Brazil in Singapore.The official Twitter handle of the Nigeria Football Federation: @thenff, revealed this on Wednesday morning.According to the handle: “Torino of Italy wing back Ola Aina is out of Sunday’s international friendly against Brazil. He picked up an injury after a domestic accident and will not be available.”Super Eagles manager, Gernot Rohr, is yet to announce a replacement for the injured player.It can be recalled that Tyronne Ebuehi earned a late call up in place of injured Leganes defender Kenneth Omeruo.The Nigeria side expected to arrive Singapore on Wednesday (today) will battle the former World Champions at 8pm Nigeria time on Sunday. Tags: BrazilOla AinaTorinolast_img