Tax reform divides upper from lower

first_imgCategories: Letters to the Editor, Opinion How do we learn the names of large-contribution campaign donors who are putting pressure on members of the House and Senate to approve the tax bill?Why do they insist on tax reform that so heavily favors the very wealthy while impacting the rest of us by small (and temporary) tax cuts, by increasing the national debt, and by cutting benefits to middle- and lower-income citizens in important areas of health care, education, child welfare, etc.. These cuts are bound to increase as the deficit effects are felt.While some in this country seek to divide us by left and right, the real division here is between top and bottom.Would it not be wise for the many of us in the “bottom” category to act together in our own behalf, letting our lawmakers know this is a tax reform we can not live with?Carole deForestDelansonMore from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?last_img read more

Cesc Fabregas mocks Tottenham after their Champions League final defeat to Liverpool

first_imgAdvertisement Cesc Fabregas aimed a dig at a Tottenham legend after their Champions League final defeat (Twitter)Former Arsenal and Chelsea midfielder Cesc Fabregas has mocked Tottenham following their defeat to Liverpool in the Champions League final.Spurs sank to a 2-0 defeat at the Wanda Metropolitano on Saturday evening following goals in each half from Mohamed Salah and Divock Origi.Salah opened the scoring from the penalty spot in the second minute after Moussa Sissoko was penalised for handball, while Origi completed the victory with a fine strike in the 87th minute.And after the match, Fabregas reignited his feud with Tottenham legend Graham Roberts.ADVERTISEMENTEarlier this season, Roberts aimed a dig at Fabregas’ lack of playing time following his move from Chelsea to Monaco but the Spanish midfielder fired back by predicting that Spurs would not win a trophy this season. Cesc Fabregas mocks Tottenham after their Champions League final defeat to Liverpool Comment Advertisement Fabregas fired a dig back at Spurs legend Graham Roberts (Twitter)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityAdvertisementAdvertisementAfter the Champions League final, Roberts aimed another dig at Fabregas by reminding the midfielder that his former club Arsenal will be playing in the Europa League next season.But Fabregas replied with a picture of himself holding the Europa League trophy along with the reply: ‘In the end I won more myself from a studio than you guys’.If Arsenal fans were questioning Fabregas’ allegiance after their Europa League final defeat to Chelsea, this is all the proof they need.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterSunday 2 Jun 2019 1:43 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.2kShareslast_img read more

COVID-19 roundup: WTO, IMF voice concerns about trade restrictions

first_imgA roundup of select COVID-19-related policy and market developments.24/04IMF, WTO – The International Monetary Fund and the World Trade Organisation have called on governments to refrain from imposing export and other trade restrictions on key medical supplies and food and to quickly lift those put in place since the start of the year.In a joint statement they called for “more attention to the role of open trade policies in defeating the virus, restoring jobs, and reinvigorating growth”. “In particular, we are concerned by supply disruptions from the growing use of export restrictions and other actions that limit trade of key medical supplies and food.”Bpifrance – Bpifrance Financement today launched a COVID-19 response bond, said to be the first such issue out of France. The €1.5bn seven year bond, which was well over-subscribed, will finance loans that will mainly assist companies with ongoing cashflow for operations and employees. If it raises more than the amount of originated COVID-19 response loans Bpi will reallocate proceeds to loans to companies contributing to the UN Sustainable Development Goals.Bpifrance is a state-owned bank dedicated to promoting the financing and development of French companies, in particular SMEs.IBA: Germany’s labour market research institute says unemployment could surpass 3 million in the coming months. In March there were 2.335 million unemployed.European Council: EU leaders last night agreed to work towards establishing a recovery fund, but there was no agreement on the details. They tasked the Commission to analyse the exact needs and “to urgently come up with a proposal that is commensurate with the challenge we are facing”. Commission is supposed to clarify the link with the upcoming multiannual financial framework.Leaders also endorsed a €540bn package of measures to support workers, businesses and certain sovereigns, that had been agreed in a Eurogroup meeting earlier this month.“The declarations of the European Council should satisfy a bit of everybody’s expectations”Agnès Belaisch, chief European strategist at BaringsAgnès Belaisch, chief European strategist at Barings, said: “The declarations of the European Council should satisfy a bit of everybody’s expectations.“For the pessimist, it kicked the can a little bit down the road, asking the EC to work on details of a European Recovery plan to be presented at the next Eurogroup in a few weeks. For the optimist, it put trillions on the table without conditionality, and said there would be ’a sound balance between loans and grants’. For the cynical, it was vague with details.”Mohammed Kazmi, portfolio manager and macro strategist at UBP, notes that the outcome of the meeting sent Italian sovereign bond spreads wider this morning, ahead of an S&P rating decision on Italy tonight.23/04US Department of Labor: 4.4 million more people filed for initial jobless claims in the US last week, taking to 26 million the number of individuals applying for unemployment benefits in the five weeks since lockdowns were introduced to stem the spread of the coronavirus.HM Treasury – UK government announces that the Debt Management Office, which borrows on markets on behalf of the government, planned to raise a total of £180bn via Gilt sales from May until the end of July. It had previously indicated planning to borrow around £160bn in 2020-21. £45bn of Gilt sales have already been earmarked for April.  22/04European Central Bank (ECB) announces temporary changes to mitigate the effect on collateral availability of possible credit rating downgrades in response to the economic fallout from the COVID-19 pandemic. Assets and issuers that were investment grade on 7 April will still be accepted as collateral as any downgrades do not them  below ”credit quality step 5,” which is equivalent to a BB rating.  (CQS5, equivalent to a rating of BB)The measure is aimed at avoiding potential procyclical dynamics.European Council adopts new rules on the fund for aid to the most deprived (FEAD), supposed to make it easier for member states, partner organisations and other parties involved to access the fund and protect staff involved in distributing the aid. Around 13 million EU citizens benefit from the fund each year. The new rules are expected to enter into force by the end of the week.European Commission adopts proposal for a €3bn macro-financial assistance package to Albania, Kosovo, Jordan and seven other ”enlargement and neighbourhood partners” to help them to limit the economic fallout of the coronavirus pandemic.UK Coronavirus Job Retention Scheme is activitated and extended to the end of June.21/04 AIMA, Efama and InsuranceEurope join several other financial associations in calling for reporting obligations relating to the EU’s 2018 update of its cross border tax directive to be deferred until 2021 because of “significant implementation challenges outside of their control, including most recently the COVID-19 pandemic”. 20/04West Texas Intermediate price plunges below zero for the first time, almost reaching -$40. Ben Jones, multi asset class strategist at State Street Global Markets, says: “The negative pricing on the 20th April is technical in nature, relating to futures expiry, but it does highlight how oversupplied the US oil market is and how tight storage has become as oil demand collapses. As such, oil prices will remain under pressure and a repeat of these events at the end of May, once the June contract rolls, is not out of the question.”European Commission co-launches a European COVID-19 Data Platform to enable the rapid collection and sharing of available research data.last_img read more

Joshua’s fight with Pulev set to postponed by ‘several months’

first_imgThe 62,000 capacity stadium was no longer available after European football’s governing body UEFA postponed the European Championship to 2021, meaning any rescheduled Premier League fixtures could now run into the summer.‘It is impossible for the fight to take place on June 20, although I am ready,’ Bulgarian Pulev said. ‘The match will take place a few months later, perhaps towards the end of the year.’Pulev, a former European amateur super-heavyweight champion, challenged for the IBF world heavyweight title in 2014, losing to Wladimir Klitschko in Hamburg on a fifth-round knockout.Kubrat Pulev (R) says it is impossible his fight with Anthony Joshua (L) will go ahead on June 20Joshua last fought in London in September, 2018 when he beat Alexander Povetkin by round-seven stoppage at Wembley Stadium.The flu-like virus that originated in China late last year has killed nearly 10,000 people and infected more than 235,000 globally. It has forced the cancellation or postponement of numerous sporting and other events.Joshua’s promoter Eddie Hearn had previously suggested the event would go ahead but admitted he had a contingency plan if the pandemic worsened.‘A requirement for Anthony in his next fight, a necessity for him, was to box in the UK,’ Hearn said. ‘June 20 is a long time away, it’s still in our plans.Joshua’s promoter Eddie Hearn says he has contingency plans in place if Tottenham need to use their stadium in June due to the extension of the 2019-20 Premier League seasonRead Also: Fury plans to fight Joshua this December after Wilder bout‘We have been speaking to Tottenham and making sure that we’re all on the same page.For the Joshua fight, there are already potential plans to move that fight back to July. We do have a potential date for that, but right now we’re hoping June 20 can remain the date.‘At the moment it’s still in place. Obviously with the news of the Euros being cancelled and the possible extension of the Premier League season, Spurs may need that stadium in June.’FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Interesting Ways To Make Money With A Drone8 Scenes That Prove TV Has Gone Too FarWho Is The Most Powerful Woman On Earth?20 Celebs With Bizarre Hidden Talents And Skills2020 Tattoo Trends: Here’s What You’ll See This Year5 Of The World’s Most Unique Theme ParksPlaying Games For Hours Can Do This To Your BodyTop Tastiest Foods From All Over The World10 Largest Cities In The World7 Universities Where Getting An Education Costs A Hefty PennyThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical The 38-year-old Pulev is the mandatory challenger for Joshua’s IBF title, but he believes it is ‘impossible’ that the fight which was scheduled to take place on June 20 at Tottenham Hotspur Stadium will go ahead as planned. Anthony Joshua’s world heavyweight title fight with Kubrat Pulev is set to be postponed by several months due to the coronavirus pandemic.last_img read more

No regular face-to-face classes in August – CHED

first_img“Without stating the proper context, the Rappler article made the readers who did not watch the CHED HiEd Press Conference believe that CHED is pushing for the opening of ‘regular’ classes by August despite the COVID-19 pandemic,” De Vera said. Under CHED’s guidelines, the agency defines flexible learning as the “design and delivery of programs, courses, and learning interventions that address learners’ unique needs in terms of place, pace, process, and products of learning.” CHED chairperson Prospero de Vera III issued this statement over the weekend after he was supposedly misquoted by Rappler online news website when he said they were ready for the class opening. There will be no regular in-person classes in the opening of the semester this coming August, Commission on Higher Education (CHED) chairperson Prospero de Vera III clarifies. PNA BACOLOD City – There will be no regular in-person classes in the opening of the semester this coming August, the Commission on Higher Education (CHED) clarified. According to De Vera, Rappler failed to provide the full context behind his remarks, adding that netizens proceeded on bashing and accusing CHED and the government for being “insensitive” and “uncaring” for the health and safety of students. “CHED wants to make it very clear that higher education institutions (HEIs) will open the semester in August using flexible learning mode. There are no regular face-to-face classes in August,” De Vera said. “The context behind the said quote is that the Commission recognizes the bayanihan spirit of the HEIs to help other HEIs, especially those in far-flung areas to prepare them for flexible learning when classes resume in August,” he added. It noted that this also involves the use of digital and non-digital technology and could cover both in-person learning and out-of-classroom learning modes./PNlast_img read more

Franklin County Raising Money for Christmas Decorations

first_imgBROOKVILLE, Ind. — Brookville Noel was held this year without an appearance of the Nativity Scene on the courthouse lawn.The tradition is believed to have started in the 1950s.According to Franklin County’s Attorneys, the county needs to put non-religious Christmas items out with the Nativity Scene.The county is currently seeking donations or a Christmas tree with ornaments and/or lights, Santa Claus, sleigh, several reindeer, snowflakes, snowmen, candy canes, nutcrackers, wreathes, general light displays, a menorah, and carolers.Donations can be brought to the commissioner’s office at the Government Center.last_img read more

Keeper heroics thwart Liverpool

first_img Time and again McCarthy came to the Royals’ rescue by producing a succession of world-class saves to deny Luis Suarez, Steven Gerrard, Philippe Coutinho and Daniel Sturridge. The academy product only started the match after Adam Federici was ruled out with an ankle problem. Liverpool dominated most of the Barclays Premier League clash at the Madejski Stadium and could have finished clear winners but for McCarthy’s brilliance. Press Association A minute’s silence was immaculately observed before the match in memory of the 96 victims of Hillsborough, with the disaster’s 24th anniversary falling on Monday. Liverpool made one change to the side that drew with West Ham, replacing Stewart Downing with Sturridge. They would have taken the lead but for a brilliant clearance from right-back Chris Gunter, who scooped Suarez’s lofted shot off the goalline. Shortly after rescuing his side with his goalline heroics, Gunter then blundered by passing straight to Sturridge who could scarcely believe his luck as he unleashed Suarez onto the Royals’ goal. But once more McCarthy reacted brilliantly to stop the shot before Gerrard’s follow up was deflected over the target. Jamie Carragher was forced to intervene in the nick of time as Reading attacked, but the respite was only brief as Liverpool countered and Coutinho should have done much better with a great chance. The reflexes of McCarthy were all that was keeping the Reds at bay and he produced another magnificent save to deny Sturridge from close range. Liverpool had the ball in the net three minutes into the second half, but the flag went up for offside against Coutinho as he dabbed Gerrard’s pass home. Reading could have taken the lead in the 67th minute when Pavel Pogrebnyak played in Noel Hunt only for Pepe Reina to throw his body in the way. In the 65th minute Reading would have taken the lead had Jobi McAnuff struck the ball with greater force from 10 yards out, with the weakness of the shot allowing Reina to parry it clear. Suarez and Downing then went close, and then it was Gerrard’s turn to be denied by the fingertips of McCarthy. McCarthy then plucked a shot from Suarez from the air and palmed another attempt from the Liverpool forward to safety, while Sturridge blazed high over. center_img Brendan Rodgers endured a highly frustrating return to Reading as a remarkable performance from keeper Alex McCarthy saw Liverpool held to a goalless draw.last_img read more

Bowkett: Pressure comes from within

first_img The Canaries find themselves in the enviable position of having paid off all external debt after sustaining their place in the top flight last season, with the latest set of accounts published for the year end May 31, 2013 showing a profit after tax of £500,000. Bowkett feels from such solid foundations there is no reason why Hughton’s squad – currently in the bottom three following four defeats from the opening seven Premier League matches – should not go on to challenge for a top-10 finish following a summer which saw the manager handed an unprecedented budget for player transfers, including the club-record £8.5million purchase of Dutch striker Ricky van Wolfswinkel. “We all put the pressure on ourselves, and Chris certainly does,” Bowkett said. “The reality is you just look at knee-jerk reactions in football and the consequences, there are football clubs recently in the news who have had several managers and look where they are. “I was talking to my wife the other day when she said: ‘you know I feel a bit sorry for Chris’, so I told her ‘do you realise how much these guys get paid?’ “It (pressure) is part of it – if you want a good job with a nice pension, then go work at City Hall.” Norwich chief executive David McNally accepts the Norfolk club will never be able to compete with the big spenders of the new Premier League era, but sees no reason why with careful planning they should not be able to consolidate a place at the top table. ”The most important thing in our business is to be brilliant in football recruitment of the players and be focused on bringing the right talented young men to this football club,” McNally said. ”That is what we have endeavoured to do in previous years and again this summer. ”We need to punch above our weight when it comes to recruitment, because there are plenty of richer clubs around than ourselves. ”Football is changing and moving forwards so quickly that if we are not at 100 miles an hour, we will be toast because there are lots of very rich people involved in this league. ”They are very clever and good at what they do, so we need to be better because we are not as rich, we need to be nimble on our feet. ”The back office needs to be great, the front office needs to be great and the players need to make the contribution which their salaries justify.” McNally added: ”There is money available for January if we need to go into the market, but that is always a difficult time to trade sensibly.” Norwich chairman Alan Bowkett maintains the club are not about to make a “knee-jerk reaction” following a frustrating start to the new Barclays Premier League season – but warned manager Chris Hughton that dealing with constant pressure is all part of his job. Press Associationlast_img read more

Van Gaal eyes more new signings

first_img United this week beat Paris St Germain to the £25million signing of PSV Eindhoven forward Depay, who will pen a four-year contract at Old Trafford once he has passed a medical. The 21-year-old forward is the eighth signing of Van Gaal’s reign and the United boss has been told he has a sizeable transfer kitty to spend this summer. Louis van Gaal is ready to follow up the signing of Memphis Depay with more new acquisitions this summer if he thinks his Manchester United squad is not up to scratch. Should Depay maintain his excellent form – he has scored 21 goals in 28 games for PSV this year – Van Gaal will have gone some way to solving the lack of firepower that has led to three straight defeats. If United lose against Crystal Palace on Saturday it will be the first time that they have lost four league games in a row since 1979. Van Gaal thinks signing Depay may have distracted his squad in the build up to the game at Selhurst Park, but the United boss insists he was left with no alternative after PSG entered the bidding for his compatriot’s signature. ”I have been forced to sign him,” Van Gaal said. ”I didn’t want to sign him before the end of the season. We have to focus on our games. ”When you sign a player you disturb the focus of your present group of players. The coming matches are very important for Manchester United and for all of the players. But because of the market, I must handle it (now) – because otherwise he would have signed for PSG.” In fact, for some members of the United squad, the pressure of knowing Depay is on his way to Old Trafford could prove too much. When asked whether competition was good for his squad, Van Gaal said: “For some players it’s not like that – it’s too much pressure and they cannot cope sometimes. “It’s not always very good.” Van Gaal said he had given his players an extra day off this week in order to help them “clean their heads and recover the body,” after the 1-0 home defeat to West Brom. Fifth-placed Liverpool can reduce the gap to one point if they beat Chelsea and United lose, but Van Gaal is not overly concerned about losing his grip on fourth place given that just three matches of the season remain. “I think Liverpool has to worry because they have to regain points, not us. It is in our own hands,” he said. As well as Carrick, United are missing a number of players because of a virus. “Some players are missing. I cannot say how many,” said Van Gaal, who has also picked up the illness himself. “I don’t play so for me it’s not influencing the game because I can think and take but the players have to be very fit to play so that’s a concern,” he added. The good news for Van Gaal is that Luke Shaw, Phil Jones, Jonny Evans and Marcos Rojo are available after recovering from their respective injuries. Press Association The Dutchman will evaluate every player at the end of his maiden season and will not hesitate in bringing more players in if he deems it necessary. “Manchester United shall always react when it is necessary in our eyes,” the United boss said when asked about summer targets. The Dutchman is interested in signing Gareth Bale from Real Madrid – although sources close to the Welshman insist he is going nowhere. Nathaniel Clyne and Mats Hummels are also on Van Gaal’s radar, but the next target for the Dutchman appears to be a central midfielder. Van Gaal is short of options there after experienced and influential campaigner Michael Carrick, who turns 34 in the summer, was ruled out for the rest of the season with a calf problem. ”He shall not play any more this season,” said Van Gaal, who is known to admire Roma’s Kevin Strootman and Ilkay Gundogan of Borussia Dortmund. ”We have only one right-sided holding midfielder. Our selection is not balanced, and I want to restore that in the next transfer period. ”The life is not ending at 34, but for a professional football player, it’s close by. That’s why I have to handle again in that position.” last_img read more

GWI ‘Water is Life’ U-17 tournament launched

first_imgWITH the aim at providing cricket at the youth level across the Ancient County, Guyana’s leading sport organisation, the Rose Hall Town Youth and Sports Club (RHTY&SC), yesterday teamed up with Guyana Water Incorporated (GWI) to officially launch the GWI ‘Water is Life’ Under-17 tournament at the company’s Corporate Complex, Vllissengen Road. The tournament, which targets 16 teams will be played on a knock-out 50 overs basis.As part of the tournament rules and regulations, no form of indiscipline will be tolerated.Apart from the Metro Female team, no other team is allowed to field any overage player, since teams can be disqualified if found guilty.For the other remaining teams, only players born on or after September 1, 2000 are eligible to participate.Meanwhile, at the simple but significant ceremony, Secretary/CEO of the Club, Hilbert Foster, hailed the tournament as another milestone, since the club has a passion for cricket and the development of youths.Foster pointed out that the tournament is another effort by the club in ensuring that the game is played at the junior level, with the ultimate aim to return Berbice cricket to its usual high standard.“The state of Berbice cricket should be a great worry for every lover of the game,” Foster noted.He added, “To make matters worse, cricket tournaments are as rare as diamonds, nothing is been done off the cricket field to find and develop talents for the future. Unless something is done urgently, Berbice cricket will only get worse and we will pass Essequibo on the way down the ladder.”Finally, the experienced sports administrator thanked the management of GWI for its support, adding that the sponsorship will definitely assist the club in fulfilling its goal to host at least 20 cricket tournaments for the year.GWI Director of Human Resources Management and Development, Gale Doris, expressed confidence in the club’s ability to organise a successful tournament and to fulfil every objective.She challenged the club to encourage the youths to have a balance between education and sports.A date for the start of the tournament is yet to be confirmed, but at the conclusion the winning team will take home $40 000 and the winners’ trophy.last_img read more