Spend, spend, spend Budget as Chancellor boosts jobs to kickstart the economy

first_imgHome » News » COVID-19 news » Spend, spend, spend Budget as Chancellor boosts jobs to kickstart the economy previous nextHousing MarketSpend, spend, spend Budget as Chancellor boosts jobs to kickstart the economyChancellor Rishi Sunak loosens purse strings and splashes £30bn to stimulate the UK economy in the aftermath of Covid-19.Richard Reed8th July 20200587 Views It was a spend, spend, spend Budget, and it came from a Conservative chancellor – but extraordinary times call for extraordinary measures.As Rishi Sunak splashed £30bn of government cash (read debt), it was good news for the property industry.Raising the stamp duty threshold to £500,000 brought a smile to the faces of most estate agents, as did the announcement of a £1,000 cash payment for every furloughed member of staff brought back onto the books until at least the end of January.There was also a £2bn green homes grant to improve energy efficiency in private homes, supporting 100,000 green jobs, while £1bn will be spent making public sector buildings more energy efficient. A Green Jobs Challenge Fund will create 5,000 jobs at environmental charities and public bodies.Cash for jobsBut there was plenty of other good news from the Chancellor aimed at boosting the economy and getting people back into work – all of which will add impetus to what is looking like a very positive outlook for the property sector, and a far cry from the grim uncertainty of a few months ago.Mr Sunak unveiled a new £2bn Kickstart scheme as part of his Plan for Jobs, creating jobs for unemployed young people under the age of 25, with the government paying the minimum wage for 25 hours a week for six months.An additional £111m will be used to triple the number of traineeships. Firms will be offered £1,000 per trainee for up to 10 jobs.There will also be an expansion of the apprenticeship scheme, with £2,000 on offer for each new apprentice under the age of 25, and £1,500 for apprentices aged 25 or over.Help for hospitality and tourismFinally there was a £4bn handout for the hard-hit hospitality and tourism sectors, with VAT on food, non-alcoholic drinks, accommodation and tourist attractions slashed from 20% to 5%.In addition, in a first for a UK government incentive, we are all being encouraged to ‘eat out to help out’ thanks to a 50% government-subsidised discount on meals up to £10 a head at restaurants taking part in the scheme.The biggest hangover, however, will be reserved for the UK taxpayer for years to come. In June debt exceeded GDP for the first time since 1963, reaching £1.95 trillion – and that was before yesterday’s cash splurge.Cash hand-out Kickstart for economy Chancellor splashes the cash Chancellor giveaway Budget Cash boost Covid-19 July 8, 2020Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Rise in number of offers to students from BAME backgrounds

first_imgIn the most recent admissions cycle, Oxford made a total of 3,541 offers. Of these, 68.7% were made to state school students, a marginal decrease from last year’s 69.1%. However, the ratio between candidates from the most socially advantaged areas to the least has fallen considerably, decreasing from 2.8:1 to 2.7:1 as measured by ACORN. Meanwhile, for students from areas least likely to participate in higher education the ratio also fell from 7.6:1 to 6.3:1 according to the POLAR measurement.  In 2020, the number of students from a BAME background who were accepted rose to 684 (23.6% of total UK intake), compared to 558 (22%) the previous year. The number of Black students who gained a place has risen from 80 (3.2%) to 106 (3.7%). Further analysis from the admissions body has also shown that after accounting for subject choice and predicted grades, Oxford is now more likely to make offers to students from disadvantaged areas, to students from an African and Caribbean background, and to students with mixed heritage. Both of these statistics are ahead of targets agreed upon by the University and the Office of Students. The Opportunity Oxford bridging scheme has made a large impact in just its second year of operation, with 167 students of its students receiving offers compared to 116 last year. The Director of Undergraduate Admissions and Outreach at Oxford, Dr Samina Khan, commented: “Last year’s record figures for offers to students from underrepresented groups was a significant step towards diversifying our student body, but to be able to make further advances for a second year during the COVID-19 pandemic is an achievement and testament to the hard work by many students in these difficult circumstances  The University has also worked hard to put much of its outreach and access activity online and we are delighted this helped keep us on track to boost the proportion of undergraduate student intake coming to Oxford from under-represented backgrounds.” Target Oxbridge, a programme that aims to help UK students of Black heritage get into Oxford and Cambridge, has also announced an application to offer rate of over 40%. This is significantly higher than the average conversion rate for UK applicants. UCAS has published figures showing that the proportion of UK undergraduates from ethnic minority backgrounds admitted to Oxford has reached record highs.last_img read more

McMahon Insurance Opens Grand New Office

first_imgMcMahon Insurance Agency announces final plans to move into its new corporate office at 901 Simpson Avenue in Ocean City, on November 20, 2017.  The new headquarters is 1.5 miles away from the current location on Asbury Avenue.This is a bittersweet moment for Bill McMahon III, President of McMahon Insurance. “Asbury Avenue has been our home for 37 years. As of November 20th, we will officially close that office and move into 901 Simpson Avenue.”The 9,000 square foot state-of-the-art office features a grand lobby, custom lighting and shiplap panels throughout. Along with modern, spacious and comfortable amenities, there are rooms to hold educational programs and host special events for the benefit of all within the Ocean City community.Educating the coastal community about insurance is an important initiative. It is good practice to review policies annually and to ask questions about coverage. “Insurance jargon can be complex”, says Bill McMahon, “our new conference rooms give us opportunities to discuss policies, coverage options, and changes in the industry with our customers. Being there for our clients is our top priority.”Bill McMahon, Jr, who started the agency in 1981, calls McMahon Insurance Agency “The house that service built”. They proudly instill a culture of client appreciation while personalizing white glove service plans for all customers; recognizing that each client’s situation is unique and deserves individualized care and attention. The McMahon Insurance Agency consists of 40 employees including five McMahon siblings: Bill, Maura, Brian, Patrick and Michael. Together, the McMahon siblings and agency employees work in tandem to foster the client centric principles that have created lifelong relationships spanning across multiple generations. Over time, the company has grown to three locations, servicing customers throughout New Jersey, Pennsylvania, and Delaware.  The agency offers insurance to commercial businesses, homeowners, and condominium owners providing coverages such as flood, auto, life, and marine. With this growth and newly added space, the agency plans on hiring more Account Managers over the next year.Completion of this impressive facility is another example of the ongoing progression of Ocean City businesses. “I’m happy to see a successful Ocean City business make such a substantial investment in their future in Ocean City,” Mayor Jay Gillian said. “The new complex replaces a blighted property, adds a ratable to our tax base and enhances the main gateway into town.  I’d like to thank the McMahon Agency for their commitment to the city, and I wish them all the best for their continued growth.”McMahon Insurance Agency will hold an official grand opening at its new location in the Spring of 2018.ABOUT MCMAHON INSURANCE AGENCYServing clients throughout New Jersey, Pennsylvania, and Delaware for nearly 100 years, McMahon Insurance offers a full complement of personal and commercial policies. These include homeowners, business, flood, marine, secondary homeowners, auto, and more. As an independent agency, McMahon Insurance works with insurers that have proven their performance and value, carefully selecting highly regarded underwriters that offer comprehensive coverages at highly competitive rates.  McMahon Insurance Agency also maintains offices in Marmora at 222 South Shore Road and Cape May at 1400 Texas Avenue Suite 1 to meet the needs of customers in those nearby communities. For more information about McMahon Insurance Agency, call 609-399-0060, visit http://www.mcmahonagency.comor Like on Facebook.last_img read more

Trey Anastasio Announces Two New Symphony Performances This Fall

first_imgTrey Anastasio has just announced two new orchestral performances on September 27th and 29th with the Nashville Symphony and the Atlanta Symphony Orchestra, respectively. The Phish maestro is known for having wide-ranging music tastes: In addition to the Vermont jam foursome, Trey fronts his own horn-steeped side project, Trey Anastasio Band, served as a judge for this year’s NPR Tiny Desk Contest, was nominated for a Tony Award for the score he contributed to Broadway musical Hands On A Hardbody, and is a self-proclaimed pop music fanatic, frequently adapting unexpected contemporary songs, as he and Bob Weir did with Lady Gaga‘s “Million Reasons” at Wanee this past weekend.But while his musical tastes are diverse and stylistically broad, his educational background lies in classical composition. Since 2001, the Phish guitarist has worked with a several highly-regarded symphonies nationwide, including the Los Angeles Philharmonic, New York Philharmonic, and the National Symphony Orchestra, composing orchestral arrangements of his Phish material and leading the ensembles on guitar. Most recently, in the Fall of 2014, Trey performed a series of orchestral concerts to showcase his newest composition, “Petrichor,” which has since been adapted for the Phish canon (on 2016’s Big Boat) and served as the centerpiece for the 2016-2017 New Year’s Gag. Trey’s past orchestral shows have also included adaptations of other classic Phish compositions, including “Divided Sky,” “You Enjoy Myself,” “Guyute,” “Wilson,” and more. Below, you can watch footage of Trey performing “You Enjoy Myself” with the Colorado Symphony Orchestra on February 28th, 2012:Tickets for the newly announced performances will be available through a real time pre-sale beginning Friday, April 28th, 2017 at 10AM local time and ending Thursday, May 4th at 5PM EST. Tickets go on sale Friday, May 5, 2017 at 10AM EST for the Nashville performance, and 12pm EST for Atlanta. Tickets can be purchased online here.[Cover photo via Phish.com]last_img read more

Legendary Long Island Venue ‘My Father’s Place’ To Reopen In 2018

first_imgYou don’t often think of Roslyn, New York, in Long Island as a place that has played host to some of the greatest rock and music acts of the 70’s and 80’s. However, back when My Father’s Place was open, it most certainly was, hosting big-name artists such as Bruce Springsteen, The Police, U2, The Ramones, John Mellencamp, Bob Marley, Tom Petty & The Heartbreakers, Aerosmith, Tom Waits, and many more. During its 16-year tenure from 1971 to 1987, My Father’s Place hosted over 6,000 performances, many of which were broadcast live on WLIR-FM and subsequently recorded for other radio stations to broadcast.Today, club founder Michael “Eppy” Epstein announced that the club will once again reopen its doors within The Roslyn Hotel and that he has signed an agreement to bring the club back in early 2018 after a 30-year absence. Epstein explained, “I want to do stuff that no one else is doing….I want to give people a live music experience unlike anything else on Long Island.” Plans for the venue include a supper club with a 200-person capacity, along with an upscale restaurant at a 60-person capacity, along with 150 shows per year to go along with that, with hopes of former attendees will once again return.“It’s a continuation of the business,” Epstein said. “If you were 18 when you went to My Father’s Place, you’re 50-something or 60-something now and you want a place with a nice tablecloth, a nice chair and an intimate concert performance.” The Police | My Father’s Place | 2.10.79 (Full Show)[via vigango][via Newsday – cover photo courtesy of limusichalloffame.org]last_img read more

Urgent message on ghetto life

first_imgTommie Shelby, the Caldwell Titcomb Professor of African and African American Studies and of Philosophy, recently published “Dark Ghettos: Injustice, Dissent, and Reform,” a bold work that gives philosophical context to one of the country’s most critical social problems. In a Q&A, Shelby outlined the cultural, political, and personal history that helped shaped his book. GAZETTE: What prompted you to write this book?SHELBY: I’ve long been thinking about the relationship between race and class, and in the tradition of political philosophy I most identify with, one of the key problems is how economic justice and racial justice are connected. I’m also interested in the ways that racial prejudice and racial division function as obstacles to creating more just economic relations among citizens. I thought it might be fruitful to think about how these questions play out in disadvantaged black urban neighborhoods. I’ve been talking about ghetto poverty since I first came to Harvard, in 2000, and somewhere along the way — not sure when — I became convinced that philosophy could be brought to bear on the problem.GAZETTE: What do you think philosophy can add to the study of poor urban communities?SHELBY: From Plato to John Rawls, “What is justice?” has been a central question in philosophy. Philosophers have long tried to identify sound principles of justice. As I read the relevant social science literature, questions about justice are not usually at the center. Many social scientists are moved by concerns of justice in their choice of ghettos as a research topic, but they tend to stick to discussing empirical facts, leaving the value questions largely unexplored or implicit. I believe philosophers can deepen our understanding of the relevant values, explaining which ones are worth endorsing and why.GAZETTE: Does philosophy also have a role to play in social policy as it relates to black urban poverty?SHELBY: A lot of social policy discourse picks up where social scientific research leaves off. Having identified key factors in the perpetuation of ghettos — segregation, crime, or joblessness — interventions are proposed or enacted that aim to be cost-effective in solving the problem — integration initiatives, increased police presence, or jobs programs. But, again, I think important questions of political morality are often ignored. Before any such policy is proposed, it’s important to ask, “Are we facing a situation where we’re dealing with an imperfect but reasonably just social structure or are we dealing with a society that has serious injustices running through it?” When confronting structural injustice, policymakers must take due care to respect those who are unjustly disadvantaged, yet this isn’t always done.GAZETTE: Can you give an example?SHELBY: Some among the ghetto poor are keenly aware of the injustices they face. To maintain their self-respect, they often respond by being defiant, by transgressing certain norms, even in how they speak, dress, or style their hair. This is one way the oppressed are able to hold their heads up — to maintain a sense of dignity or to build solidarity. Unless we attend to the ethics of resistance, we may be tempted to propose solutions that give too little weight to the political agency of those we are trying to help.GAZETTE: You argue for the need to abolish ghettos, and suggest it begin as a grass-roots effort. How can it be done?SHELBY: What needs to occur has already begun with the Black Lives Matter movement. Activists are drawing on elements from the Civil Rights and Black Power movements, adapting these modes of political engagement to fit our current circumstances. The focus has to be on organizing and building solidarity at the local and state levels and trying to influence public debate. I don’t see myself as laying down a manifesto for what to do. I’m simply joining a conversation, which reaches back for decades, with people who are already trying to create a society of equals.GAZETTE: How has your personal story shaped your work?SHELBY: I grew up in Jacksonville, Florida, though I spent my teenage years in Los Angeles. I was mostly raised in ghetto neighborhoods. My mom became pregnant with me at 16 and, mostly as a single mother, cared for me and my siblings, relying on public assistance and poverty-level wages. So for obvious reasons, I’m passionate about these issues. And I’m sure my childhood experiences in poor black neighborhoods have influenced my outlook, probably in ways I don’t fully recognize.The more abiding influence on my thinking comes from colleagues such as Orlando Patterson [John Cowles Professor of Sociology] and William Julius Wilson [Lewis P. and Linda L. Geyser University Professor]. I couldn’t have carried out this project without drawing heavily on the work of leading sociologists, as well as those working in legal studies and African-American studies.GAZETTE: Philosophy grapples with big ideas and theories, but ghettos have such a sense of urgency surrounding them. How do you make sense of that disconnect?SHELBY: Philosophers can say useful things about urgent questions. I think often about the thinkers I teach: Frederick Douglass, Ida B. Wells, W.E.B. Du Bois, Martin Luther King Jr. They have many profound philosophical moments in their writings, where they consider more abstract questions about justice and the political ethics of the oppressed. They took up these questions while in the midst of intense political struggles. They understood it’s not enough to know what you’re against. You also need to know what you’re for, what ideals or moral vision you’re hoping to realize. We can learn from the history of such practically engaged reflection as we grapple with the struggles of our time.last_img read more

Turfgrass 101

first_imgThese grasses include annual rye, poa trivialis, creepingbentgrass, tall fescue and perennial rye.For more research-based information on turfgrass, visit www.georgiaturf.com orcontact your local UGA Cooperative Extension agent at1-800-ASK-UGA1.(Stephanie Schupska is a news editor with the University ofGeorgia College of Agricultural and Environmental Sciences.) Prefer warm to hot temperatures (80 to 95 degrees).Grow best in summer.Have extended winter dormancy.Have poor shade and winter tolerance. These types of grass include bermudagrass, St. Augustinegrass,centipedegrass, zoysiagrass and seashore paspalum.Cool-season grasses grow well during the cool months of springand fall when temperatures average 60-75 degrees. They mayundergo stress, become dormant or be injured during the hotmonths of summer and may require significantly more water thanthe warm-season grasses.Cool-season grasses: Prefer cool to warm temperatures (65 to 75 degrees).Grow best in the spring and fall.Have limited winter dormancy.Have good winter tolerance and adequate shade tolerance. By Stephanie SchupskaUniversity ofGeorgiaGeorgia’s plant hardiness zones cover a wide range, from thebalmy climate of Savannah to the exhausting heat of Valdosta tothe frigid temperatures of Blairsville. Because of Georgia’sclimate extremes, a grass like St. Augustinegrass that growsgreat in Tifton will have trouble surviving in Rome.University of Georgia Cooperative Extension experts have takenthe guesswork out of picking a good grass for your lawn. Use theguide below as you head to the lawn and garden store or beforeyou call a sod company.Warm-season grasses grow best during the warm months whentemperatures reach 80-95 degrees in the spring, summer and earlyfall. They grow vigorously during this time and become brown anddormant in the winter.Warm-season grasses:last_img read more

Huntington Man Sentenced for $3M Con

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Huntington man was sentenced Thursday to 21 to 63 years in prison for conning seven people out of millions of dollars in an elaborate land investment scheme starting in 2008.Paul White had been convicted at Suffolk County court in December of seven counts of grand larceny following a two-month-long trial. White was ordered to pay nearly $3 million in restitution to his victims.“Instead of investing their money, White spent their money,” Suffolk County District Attorney Thomas Spota said. “He financed a comfortable lifestyle, including the purchase of a farm for himself in Cleveland County, North Carolina, that he turned into a game reserve and used for hunting.”Prosecutors said the 56-year-old con man claimed to be a financial adviser operating under the name of Professional Investment Advisor Inc., when he promised elderly investors lucrative federal tax benefits in commercial real estate transactions. The victims instead lost their retirement savings, authorities said.Judge James Hudson also sentenced him to 1 and 1/3 to 4 years in prison for his scheme to defraud conviction.last_img read more

Booking.com is closing five offices around the world, one in Croatia as well

first_imgDue to the poorer business result caused by the coronavirus pandemic, Booking com has started restructuring its business. Unfortunately, we can confirm that the employees in our Split office have been affected by the global business restructuring announced in August, Booking-com reports, adding that despite this, Croatia remains an important market for Booking.com. “The changes in business are part of the global restructuring announced in August due to the devastating impact of the COVID-19 crisis on the travel industry and our business. Due to the significant reduction in the number of trips around the world and the small possibilities for the market situation to be the same as before the COVID crisis in the next few years, we will have to further restructure our business organization to adapt to new conditions in the travel industry”Point out from Booking.com and emphasize that their focus remains on supporting all their partners through this crisis and after it by providing them with support and necessary services at all times.  Booking.com has announced that it will lay off up to 25 percent of its employees globally, approximately 4.000 employees, and the fact that Booking.com recorded a 91 percent drop in bookings in the last financial quarter clearly shows the poor performance. The Zagreb office of Booking.com continues to work, which is important information, both because of the desk in our language and the whole supports. It was also announced that they are closing at least five of their offices around the world, in Washington, London, Cambridge, Toronto and one office in Croatia, ie Split. Photo: Booking.com Office in Zagreb / ​​Source: Officelovinlast_img read more

Austrian pension funds return nearly 5% over first half of 2014

first_imgAs per end-March, just over 57% of Pensionskassen’s assets were invested in bonds, and 35.5% on average in equities.Austrian schemes were 3.4% invested in real estate, with the rest invested in “other asset classes”.The FVPK warned that Southern Europe had not fully overcome the financial crisis, as “necessary reforms have not fully been implemented”.According to the most recent statistics, 840,000 Austrians are members of a Pensionskasse, or 22% of all Austrian employees (in 2008, the share had been 13%).In total, the 15 Pensionskassen are managing €17.7bn in assets.The FVPK also confirmed that both Pensionskassen and severance pay funds (Vorsorgekassen) were now exempt from tax-reporting requirements under the FATCA agreement with the US.Only after pressure from the retirement funds, both vehicles were classified as Exempt Beneficial Owners under the agreement, the association said. Austria’s 15 Pensionskassen have reported a 4.8% average return over the first half of 2014 after producing a 1.6% average return over the first quarter.The first-half performance is nearly equal to the full-year performance for 2013, which stood at 5.14%, as that year had started in a difficult market environment, leading to a 0.82% half-year performance.In 2014, the further lowering of the interest rate by the European Central Bank sustained the “challenge” for institutions for future investments, according to the Austrian pension fund association FVPK.“At the same time,” it said, “bond prices rose as well, and, additionally, the equities markets developed positively.”last_img read more