Weekly unemployment claims slip again after Irene

first_img       Changes From Total Labor Force359,800359,800360,0000-200   Employment338,800339,300338,400-500400   Unemployment21,10020,50021,600600-500   Rate (%)5.95.76.00.2-0.1Vermont’s labor force, employment and unemployment statistics are produced from a combination of a Statewide survey of households and statistical modeling.  The data are produced by the Local Area Unemployment Statistics Program (LAUS) a cooperative program with the US Department of Labor, Bureau of Labor Statistics and the Vermont Department of Labor. There were 572 new regular benefit claims for Unemployment Insurance last week. This is a decrease of 36 from the week before, as new claims fell for the thrid consecutive week following a two-week spike in claims resulting from Tropical Storm Irene. The week prior to the storm saw a seasonal low of fewer than 500 claims. Altogether 5,787 new and continuing claims were filed, a decrease of 194 from a week ago and 1,475 fewer than a year earlier. The Department also processed 1,412 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 31 fewer than a week ago. In addition, there were 722 Second Tier claims for benefits processed under the EUC08 program, which is 5 fewer than the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)  Vermont’s unemployment rate increased two-tenths in August to 5.9 percent. See story HERE.    August2011July2011August2010July2011August2010 Vermont Labor Force Statistics (Seasonally Adjusted)last_img read more

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Briefs

first_img Briefs THE CUBAN AMERICAN BAR ASSOCIATION recently held its 31st Installation Gala, which honored its first president, Mario P. Goderich who, in 1978, became the first Cuban exile to become a circuit court judge in the U.S. Judge Goderich retired as a Third District Court of Appeal judge in December 2004. CABA presented Goderich with its inaugural P.A.V.E.R. award in recognition of his professionalism, achievements, values, excellence, and respect throughout his career. Judge Goderich also received a special tribute and proclamation from Attorney General Charlie Crist. Pictured from the left are CABA’s new president, Antonio C. Castro, Florida Bar President Kelly Overstreet Johnson, and CABA’s immediate past president, Ramon Abadin. Corali “Cori” Lopez-Castro will serve as the organization’s president-elect. Those elected to the 2005 CABA Board of Directors include Elizabeth M. Hernandez, Marlene Quintana, Sergio Mendez, Victoria Del Pino, Roland Sanchez-Medina, Jr., Victoria Mendez, Sandra Ferrera, Maria Rubio, Vivian De Las Cuevas-Diaz, Roberto Pardo, Manuel Garcia-Linares, and Raul Chacon, Jr. THE JOSIAH T. WALLS BAR Association recently presented a check for $1,000 to officials at the Star Academy, a small private school in a lower socioeconomic neighborhood in Gainesville. The funds are for the Tech for Tots/Street Law community project the bar has launched. The funds were provided by the Bar’s Young Lawyers Division as a part of its affiliate outreach grant program. Pictured from the left in the back are Dean Jonathan Reed, YLD President Michael Faehner, project Chair Bonita Young, school director Phyllis Dykes, and Walls Bar President and YLD board member Rhonda Chung-de Cambre. Dictionaries distributed Marion County public school third- graders are receiving free dictionaries this month, thanks to attorney Steve Rogers and contractor Ken Ausley.The Dictionary Project is a national nonprofit organization originating in South Carolina that raises money to buy dictionaries for third-grade students. The goal of the program is to assist third-graders to complete the school year as good writers, active readers, and creative thinkers by providing the students with their own personal dictionaries. Court reporters hook up with Bar Foundation The Florida Court Reporters Association reaffirmed its commitment to greater access to justice by announcing its plans to become more involved with The Florida Bar Foundation.FCRA President-elect Teresa Durando and FCRA President Louise Johnson say they are looking forward to helping spread the word about the Bar Foundation to Florida’s professional court reporters.According to Tina Kautter, FCRA’s executive director, there are approximately 4,000 court reporters in Florida. Briefs February 15, 2005 Regular Newslast_img read more

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Why millions of Americans are raiding their retirement savings

first_imgWith the effects of the financial crisis still lingering, 30 million Americans in the last 12 months tapped retirement savings to pay for an unexpected expense, new research shows. This undercuts financial security and underscores the need for every household to maintain an emergency fund.Boomers were most likely to take a premature withdrawal as well as incur a tax penalty, according to a survey from Bankrate.com. Some 26% of those ages 50-64 say their financial situation has deteriorated, and 17% used their 401(k) plan and other retirement savings to pay for an emergency expense.Pulling money out of your 401(k) early is one of the worst moves you can make. For boomers, once you’re at or near retirement, you have little time to rebuild your savings. Millennials have decades to repair any such early distribution, but taking money out will still cost you future growth. So far only 11% in this generation say they are worse off financially than a year ago, and just 8% tapped retirement savings early, Bankrate.com found. continue reading » 36SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Delegated Act on Teran confirmed in Brussels

first_imgThe meeting of the Council of Ministers of Agriculture and Fisheries of the European Union, held in Brussels yesterday, 17 July and today, 18 July 2017, discussed a large number of points, including the future of the Common Agricultural Policy, the identification of fishing opportunities in EU waters and confirmation of the Delegated Act which enables Croatian producers to label wine produced from the Teran variety with that name within the protected designation of origin Croatia Istra.”I am satisfied with the results of this session of the EU Council of Ministers, primarily because of the final confirmation by the EU to our winemakers that they can produce and market Teran wine, as it has been for centuries. We fully agree with the Commission’s decision and this is now the finished story.”  said Minister Tomislav Tolusic after a two-day session of the Council of Ministers of Agriculture and Fisheries.Following the decision in the European Parliament and the discussion in the Council, the delegated act will enter into force on Wednesday, 19.7.2017. which finally gave Croatian wine producers from Istria the opportunity to use the traditional name “teran”.Jakovčić: The battle for Teran was won, thank you allRepresentative Ivan Jakovčić (IDS-ALDE) for the Croatian media commented on today’s decision of the EU Agriculture Council to accept the delegated act of the European Commission on Teran.”It was to be expected that, apart from a short discussion, there would be no vote at the meeting of the EU Council of Agriculture Ministers on the act of the European Commission which allows Istrian producers of Teran to further use the name of this wine variety. The main battle was fought and won in the European Parliament. There is now no obstacle to the entry into force of the Commission’s delegated act. Congratulations to all who participated and gave their contribution in this, for Istrian winemakers excellent work and great mutual success. I expect the Teran Act to take effect this week”, Said Jakovcic.last_img read more

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Telefast Indonesia to expand services, targets jobseekers

first_imgHe added that under the Sobat KerjaKU program the company had managed to register 8,800 retail partners to help process applicants’ resumes, which are digitized into a barcode system.Telefast first started its business as a distributor of telecommunication products, such as phone credit, before expanding its business to job matchmaking using its distribution network.The ongoing pandemic has depressed job markets as businesses face a liquidity crunch amid a slowdown in the economy, which has resulted in many employees being furloughed and laid off while companies put hiring new talent on hold.Start-ups, in this case, have conducted similar cost-cutting schemes with big names like Gojek and Grab already downsizing their employees, while other start-ups like Airy have had to close permanently after carrying out mass layoffs. Human resources management solution firm PT Telefast Indonesia plans to expand its services amid rising unemployment caused by the COVID-19 pandemic, a company executive has said.The publicly listed company said it was expanding its client base through its Telefast Agent Program while concurrently expanding its talent base through a Sobat KerjaKU program where jobseekers can drop off their resume with the company’s outlet partners and be connected to job opportunities.“We are hoping to continue to expand because it will help people in finding jobs,” the company’s president director, Jody Hedrian, said during a livestreamed event on Tuesday. “What differentiates us from other start-ups is that we are not doing a cash burn [strategy],” Jody said, referring to a strategy common to start-ups where they spend capital and book negative cash flow to rapidly expand before reaching a point of profitability.According to the company’s quarterly financial report, its total assets stood at Rp 230.34 billion (US$15.77 million) as of March 31, a slight decrease from Rp 230.67 billion recorded as of Dec. 31, indicating that the company had not spent much on capital expenditure.In a written statement published on the Indonesia Stock Exchange (IDX) site on July 9, the company estimated that its revenue could decrease between 25 and 50 percent, while its net profits could be down by less than 25 percent as of June 30 in comparison with the same period last year because of the pandemic.“The company’s clients engaged in the hotel and restaurant industry have been impacted, which has reduced operational activities, and hence, has had an impact on the workers we channel,” the company wrote.As of March 31, the company’s revenue was up by 8.84 percent year-on-year to Rp 146.86 billion from Rp 134.92 billion. Its net profits, however, were down by 58 percent to Rp 2.4 billion from Rp 5.68 billion during the same period.The company’s shares, trading on the IDX under the code TFAS, plunged 3.59 percent to Rp 161 apiece on Wednesday from the previous session. Throughout the year, its share price has fallen by more than 17 percent while the benchmark Jakarta Composite Index (JCI) has lost 18.88 percent of its value.Topics :last_img read more

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OYO Indonesia reports jump in occupancy, aims to settle refunds swiftly

first_imgOYO Indonesia reported a 70 percent increase in occupancy from May, signaling a recovery for the budget hotel operator after months of slumping demand and canceled bookings due to the COVID-19 pandemic.According to OYO Indonesia country stock head Carlo Ongko, the company needed 25 to 30 percent more growth to reach the same occupancy level before the global health crisis.“Our lowest point in terms of occupancy and revenue was in May, but we are recovering to almost the same level before the pandemic,” he said in an online press conference on Tuesday. He went on to say that OYO’s programs, such as Sanitized Stay, which helps hotels adhere to health and safety protocols during the pandemic, has helped increase demand.OYO also opened coffee shop chain Kopi Cinta in some of its hotels to help increase partners’ revenue, Carlo said, adding that the company had processed around 85 percent of the 5,000 refund requests received in the last three months.“We do realize that the pandemic has pushed people to cancel their stay with us. That is why we are improving our refund mechanism; […] by allowing customers to choose between getting their refund via two major e-wallets in Indonesia.”This will shorten the verification process and minimize human error in data input, accelerating the refund process to 15 to 30 days, compared to 45 to 60 days via bank transfer. However, the e-wallet option will only be available for new refund requests made after the mechanism is available next month.OYO Indonesia came under public scrutiny after the Instagram account @oyobikinrugi_ (Oyo makes you lose money) went viral for reposting complaints made by alleged OYO customers about the company’s refund and payment issues.Carlo said OYO acknowledged the complaints brought up by the Instagram account but emphasized that it had protocols in place to deal with such matters.“For example, if the hotel you are staying at is closed or overbooked, we are going to relocate you to the nearest hotel with a similar rating,” he said.Meanwhile, OYO Indonesia external relations and business integrity head Renaldy Martin urged the Instagram account to “stop influencing viewers to [have] negative and biased opinions” of the company.“Our request is quite simple, and we have expressed the matter through legal notices that we sent to [the account].”When asked whether OYO will press charges or consider mediation with the account’s administrator, Renaldy said the company was “still considering all possible, lawful options”.Topics :last_img read more

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RBA governor passes on chance to put dynamite under rates

first_imgWhile you were watching Rekindling, right, win the Melbourne Cup the RBA governor decided against raising interest rates. Picture: AP Photo/Andy Brownbill.FEAR not, while you were out watching the best horse race in the world, there was no rekindling of whispers over the Reserve Bank putting dynamite under interest rates – which remain on hold at 1.5 per cent. Faced with a barrier of growth in housing debt outpacing growth in household income “for some time”, RBA governor Philip Lowe went the safe route, preferring to sit on his hands than risk upsetting the market.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoRBA governor Philip Lowe still has some concern over household debt levels. Picture: Colin Murty The AustralianHe’s still backing APRA to chase down “medium-term risks associated with high and rising household indebtedness”, with the credit field tightening substantially already.“Housing market conditions have eased further in Sydney. In most cities, housing prices have shown little change over recent months, although they are still increasing in Melbourne,” he said.“In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years (he’s looking directly at you Brisbane)!”It seems the best thing right now is to ride out the supply storm, with low rates “continuing to support the Australian economy”, according to Mr Lowe.last_img read more

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Stunning Whitsundays’ property Mandalay House has finally sold at a massive discount from its original asking price

first_imgThe home was sold to a Sydney-based family.Mr Arthur said the buyers inspected the property twice.He said Mandalay house was one of Australia’s trophy homes.“The property won Mansion Global’s, Property of the Year in 2016.’’The buyers visited the property twice before buying it.“In the end I think both the sellers and the buyers were extremely happy with the final outcome.“They (the buyers) are a Sydney-based family so it is going to be a wonderful summer home for them and their extended family.’’ The property was expected to be used as a holiday home.Mr Arthur said there were not many people who could write a cheque that big and not have it as their primary residence.Property records reveal it was previously owned by property developer Neil Murray and his wife Denise. FOLLOW MICHELLE HELE ON TWITTER No expense was spared building Mandalay House.The property has a marina big enough for two 21m yachts, a helipad, climate-controlled wine cellar with dining for 12, six kingsize bedrooms, nine bathrooms and an infinity pool overlooking the Whitsundays.Marketing agents Mark Beale of Ray White Whitsunday and Carol Carter of Sotheby’s International Realty declined to comment on the deal.Queensland Sothebys International Realty CEO Paul Arthur confirmed the buyers were from Sydney and would not live in it full time.“It settled last Friday,’’ he said.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours ago“They (the buyers) are interstate, they were from Sotheby’s Private Clients and they are a Sydney-based family.’’center_img The owners had originally wanted a $25m for the 4114sq m property.STUNNING Whitsundays’ property Mandalay House has finally sold at a massive discount from its original asking price.The sale price is shrouded in secrecy but it’s understood the property changed hands for around $14 million.Its owners had originally wanted a $25 million for the 4114sq m Airlie Beach property when it was first advertised in 2013.last_img read more

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WTW’s German Pensionsfonds vehicle gets €2.6bn boost with Innogy

first_imgE.On does not have a Pensionsfonds, which is a vehicle allowing sponsor companies to move pension liabilities off the balance sheet, for one or more payments. There are both company-specific and multi-employer Pensionsfonds, like Willis Towers Watson’s.The vehicle is particularly attractive for companies involved in mergers or spin-offs.In a statement Willis Towers Watson said it was absolutely necessary for Innogy to switch from a company-specific solution to a third party provider solution in the context of the acquisition by E.On.“In doing so, Innogy wanted to intervene as little as possible in the existing, proven workplace pension structures and to allow operating processes to continue largely unchanged,” it said. “The company also attaches great importance to the short-term and long-term cost-effectiveness and flexibility of the solution, which offers scope for joint solutions in the future.”Heinke Conrads, head of retirement for Germany and Austria at Willis Towers Watson, said the deal with Innogy involved a complex M&A situation and that the consultancy was pleased to have been able to support the companies involved in dealing with the sensitive matter of occupational pensions.Innogy finances pensions for around 10,000 pensioners via the Willis Towers Watson Pensionsfonds. Germany’s Willis Towers Watson’s Pensionsfonds has gained €2.6bn in assets as a result of energy provider Innogy switching to the pension financing vehicle following the company’s takeover by E.On from RWE.The European Commission gave the green light for the acquisition in September. The Willis Towers Watson Pensionsfonds now counts as one of the largest multi-employer Pensionsfonds in Germany, with €3.8bn in assets under management.According to Willis Towers Watson, multiple steps were achieved in a tight timeframe in time for the closing of the RWE/E.On transaction: preparing contractual documentation, obtaining authorisation from all the subsidiaries involved and getting the approval of BaFin, the regulator.The transaction involved the transfer of all Innogy pension assets from RWE Pensionsfonds and a corresponding change in the trust structure.last_img read more

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San Carlos City holds service caravans in remote villages

first_imgIt supports the whole-of-nation approachembodied in Executive Order 70, which formed the National Task Force to EndLocal Communist Armed Conflict, and led to the adoption of a National PeaceFramework.(With a report from PNA/PN) Mayor Renato Gustilo led the holding ofthe immersion activity in Barangay Codcod on Feb. 22, which came after thelaunching of the RSCP through a service caravan in the village on Feb. 3. According to Local Government OperationsOfficer Steve Yap, the DILG will also lobby for the funding of the identifiedprojects. “This is the right time to air yoursentiments to the government so it can act especially on the projects for thedevelopment of your community,” the mayor said to some 200 participants fromvarious sub-villages during the gathering. It was also attended byrepresentatives of the Department of the Interior and Local Government (DILG). He also assured the residents that the citygovernment will support these projects and allocate funds with assistance fromthe provincial and the national governments. The people just need to be patientand trust them. The RCSP was formulated to strengthenits forerunner, the Community Support Program (CSP), which was an initiative ofthe military, and also to initiate efforts driven mainly by the localgovernment. San Carlos City Mayor Renato Gustilo leads the immersion activity in Barangay Codcod on Feb. 22. He said to some 200 participants from various sitios/puroks that it was the right time to air their sentiments to the government so that it can act, especially for the project development of the community. SAN CARLOS CITY LGU Among the concerns and needs raised bythe community were farm-to-market roads, electrification, water supply, healthcenter facility and the benefits for senior citizens.center_img For his part, Codcod village head DaniloLastimoso expressed his appreciation to both the city government and the DILGfor conducting the immersion activity. The city government also brought theservice caravan to Barangay Guadalupe on Feb.12, in Barangay Buluangan on Feb.10, and it was also held in Barangay Nataban on Feb. 7. BACOLOD City – The city of San Carlos,located in the northern part of Negros Occidental, recently conducted a seriesof service caravans in remote villages for the implementation of the RetooledCommunity Support Program (RSCP). “Only the government has the capacity tohelp solve the problems in (your) community, not the armed group of rebels,” headded. It gave assurance to the people that thegovernment is serious in its commitment to bring change and to include them inthe development process, he said. On Jan. 21, the Negros Occidentalprovincial government launched the “Serbisyo Negrosanon” to implement the RCSPwith a caravan of services hosted by the municipality of Isabela.last_img read more

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