Tags: NULL Britain’s private sector jobs miracle KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share whatsapp whatsapp WITH the money supply dipping in August, and a flurry of other downbeat indicators, it is clear that the economy won’t grow especially quickly in the next few months. But this doesn’t necessarily bode ill for jobs. One of the great surprises of the past two years has been the performance of the labour market, which didn’t deteriorate as much as expected. One minor reason was the government’s hiring spree, which was always unsustainable. The state sector took on an extra 209,000 people during the downturn (excluding the 241,500 staff of the now state-controlled banks). The primary reason for the resilience, however, is that fewer private sector jobs were lost than during the last, much milder recession of the early 1990s. I don’t know of a single economist who predicted this. As Ian Stewart, Deloitte’s excellent chief economist, points out, 822,000 private sector jobs were lost in 2007-09, compared to 1.3m job losses in 1991-1993 (even though GDP fell by more this time around).Even more remarkably, a similarly benign development wasn’t seen in other economies. UK employment is 1.2 per cent below its pre-recession peak – in the US, it remains 5.4 per cent below peak, in the Eurozone 2.7 per cent lower and in Spain a disastrous 10 per cent lower. Once again, Britain’s outperformance has been extraordinary. Because the reduction in jobs was much less than the drop in GDP, the UK’s performance has nothing to do with the government’s cyclical’s policies, such as quantitative easing; structural forces were at play.It turned out that – despite a massive increase in regulation in recent years – the UK labour market remains surprisingly flexible. There has been a sharp reduction in overtime and hours worked, with an increase in part time and temporary work; by slashing costs, this helped keep private sector employment reasonably strong while spreading the pain. Even more importantly, wages have tumbled significantly after adjusting for inflation. This has cut the cost of labour and boosted employment.So far this year 344,000 extra jobs have been created in the private sector; most were part time , but roughly a third were full time. Crucially, the private sector has created far more jobs than have been lost in the public sector – so far this year the public sector has shed 47,000 jobs out of the 600,000 cuts likely over the next five years or so. The Office for Budget Responsibility thinks 80 per cent of the state sector cuts will take place from 2013; just 40,000 jobs will go in both 2011 and 2012, 0.1 per cent of total UK jobs. So employment will almost certainly keep on going up over the next two years, thanks to the private sector – and after that the economy will hopefully have strengthened. As the Deloitte report points out, the recovery from the early 1990s recession was accompanied by heavy cuts in public sector jobs which did not derail the recovery. The public sector shed 72,000 jobs in 1994, 87,000 in 1995 and 107,000 in 1996. These job losses were dwarfed by rapid growth in private sector employment. There was a difference with today’s conditions, however, and that was that the UK’s long-term sustainable rate of growth was much higher. Taxes were lower, as was red tape; the size of the state was much, much smaller. So far the strong jobs market has surprised everybody; let us hope it continues to do so. There is no Plan [email protected] Monday 20 September 2010 9:33 pm Show Comments ▼
Monday 27 September 2010 7:59 pm KCS-content Tags: NULL System C sees profit up 32pc by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp HEALTH and social care solutions provider System C Healthcare yesterday reported a 32 per cent rise in pre-tax profit to £5.4m from £4.1m for the year to 31 May. Revenue surged by 75 per cent to £38.3m from £21.9m. Excluding new acquisitions, revenue increased by 44 per cent to £31.5m. Meanwhile, earnings per share were up nine per cent at 4.07p from 3.72p.System C said its strong cash generation had been strong, with a net position at the year-end of £18.6m, up from £14.7m. Final dividend was increased to 0.50p from 0.44p, with total dividend up 14 per cent to 0.75p.The acquisition of Liquidlogic in July 2009 for £10.2m had given System C entry into the social care IT market, while acquisition of Conscia Enterprise Systems in October for £0.8m had strengthened the group’s expertise in web-based technologies.Chief executive Ian Denley said: “This is a time of great upheaval for the NHS, in both policy and economic terms, with changes under way that are generating both risks and opportunities.“At System C, we are completing our five-year strategic investment in our Medway software and bringing the products to market at a time when NHS Trusts have been newly freed from central purchasing obligations. “We are now experiencing a surge in procurement activity and have already achieved strategic contract wins, including The Royal Devon & Exeter NHS Foundation Trust.”Denley added that services revenues were down but holding steady and the sales pipeline for Medway had “never been stronger”. whatsapp Share Show Comments ▼
Share Show Comments ▼ whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Permira and Axa plan a joint bid to buy Opodo Sunday 23 January 2011 10:58 pm PERMIRA and Axa Private Equity are planning to make a joint €500m (£425.5m) bid for Opodo tomorrow, as they seek to compete against US internet travel giants Expedia and Orbitz.However the two private equity groups are likely to face bidding competition from their US rival Carlyle, according to the Financial Times. The newspaper added that people familiar with the auction believe Permira an Axa are favourites.Before joining forces to bid for Opodo, Permira and Axa had been competing head-to-head to acquire mid-sized European internet travel agencies. Last year Axa outbid Permira to buy Go Voyages. Conversely Permira beat Axa in the fight to buy the Barcelona-based online travel group eDreams.But after teaming up, the two groups reportedly plan to buy Opodo, which is being sold by Amadeus IT Holding, and combine it with eDreams and Go Voyages to create a European travel behemoth.Opodo accounts for just four per cent of Amadeus’ total revenue. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads KCS-content Tags: NULL
Defensive industries can be excellent investments in good times and bad with businesses that are stable or immune to economic fluctuations. One such industry is that of funeral care. Major name Dignity (LSE:DTY) is a defensive stock and in my opinion is a market crash opportunity. Despite the issues it has had in recent times, I feel it could be a good opportunity right now. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Defensive abilities despite ups and downsDemand for funeral services may fluctuate but will never cease, hence the defensive quality. DTY is one of the UK’s largest providers of prearranged funeral plans. It provides access to a network of national funeral locations where personalised packages can be tailored to an individual’s needs. It’s also the largest operator of crematoria in Britain.So what are the issues it has faced of late? Well, Dignity and other funeral providers had continued to push prices up. This seemed to work as 12 years after its initial floatation in 2004, the shares had risen more than tenfold and it was valued close to £1.5bn. It was also a member of the FTSE 250.But in the last two years or so, the wheels came off somewhat as lower-price competition grew and the share price started to deline. An investigation by the Competitions and Markets Authority (CMA) into funerals and this year’s stock market crash didn’t help either. The share price plunged again and it seemed like it might be the proverbial nail in the coffin.At the time of writing, the shares can be purchased at nearly 500p each. Yet at their lowest point, the shares could be picked up as cheaply as 230p. Government price-cap plans being put on the back-burner have helped the price to rise. But 500p per share is still dirt-cheap in my opinion and represents an opportunity.PerformanceAt the end of July, DTY released a trading update for the 26 weeks to 26 June. There were some positive results, despite tough market conditions. Revenue and profit were up by 12% and 21% respectively compared to the same period last year. Cash generated from operations was up 3%. These results were linked to the fact that, sadly, there were 23% more deaths compared to the same period last year.Full-year 2019 results saw DTY turn over £339m and generate a pre-tax profit of £44.1 million. But with the economic downturn in full effect, its dividend was cancelled and may not return before 2021 at the very earliest. This might put people off, although I would preach patience here. My verdictMy overall feeling is that DTY is in an almost untouchable industry. Its business model isn’t complicated and demand will never end. I also feel the economic downturn will mean smaller funeral care companies may not survive. Ultimately this could offer Dignity increased market share.At its current share price, I think DTY is a good defensive stock opportunity. The price is very cheap, but there’s an element of risk involved, of course. It may not be one for everyone, but it’s one I think suitable for somebody willing to buy and hold. Simply click below to discover how you can take advantage of this. Enter Your Email Address Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! This defensive stock is in an ‘untouchable’ industry. 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Jabran Khan | Friday, 28th August, 2020 | More on: DTY Jabran Khan has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 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AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 2 June 2011 | News Tagged with: Awards Volunteering About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Volunteer groups recognised with Queen’s Award The winners of this year’s The Queen’s Award for Voluntary Service have been announced: 130 volunteering groups have been awarded with “the MBE for groups of volunteers” for their excellent work in the local community.The winning groups include a London-based children’s performing arts mentoring programme, a Fife museum conserving historic boats and the history of Scotland’s fishing industry, and a scheme helping the long-term unemployed in Glastonbury find work and education opportunities.Members of the public nominated 413 groups for the Award, which is overseen by the Office for Civil Society, in the Cabinet Office.The Queen’s Award for Voluntary Service Award Committee Chair, former broadcast journalist Martyn Lewis CBE said: “Volunteer groups make such an important contribution to their communities, often without praise for the incredible job they do. In these difficult times their efforts are even more valuable. The Queen’s Award for Voluntary Service helps all of us recognise the benefits those winning groups bring to others’ lives, while celebrating their achievements.”Winners will receive a certificate signed by The Queen and an commemorative crystal, presented by Her Majesty’s Lord-Lieutenants in the counties at special ceremonies arranged by the Lieutenancy offices. Groups have also received an invitation for representatives to attend a Royal Garden Party at Buckingham Palace or the Palace of Holyroodhouse in the summer.The annual Award was created by Her Majesty to mark the occasion of her Golden Jubilee in 2002. Over 980 groups around the UK, Channel Islands and Isle of Man have now received the Award.www.direct.gov.uk/qavs 15 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
Receive email alerts August 6, 2019 Censorship catching up with Bianet, RSF’s partner in Turkey Journalists threatened with imprisonment under Turkey’s terrorism law TurkeyEurope – Central Asia Condemning abusesOnline freedoms Council of EuropeInternetJudicial harassment News RSF_en News to go further Follow the news on Turkey Human rights groups warns European leaders before Turkey summit Organisation Help by sharing this information Reporters Without Borders (RSF) unreservedly condemns the persecution of its Turkish partner, the news and information website Bianet, which is about to be blocked. The Turkish authorities must rescind this arbitrary and draconian decision at once, RSF said.Censorship seems to have finally caught up with this leading source of information about human right violations in Turkey, as its blocking is reportedly imminent under a three-week-old court decision that RSF learned about today.Bianet’s Turkish-language version is one of the several dozen websites and social network accounts that are to be blocked under an order issued by a “peace judge” in Ankara on 16 July. The order says they “threaten national security” but provides no explanation and cites no content, simply mentioning a police investigation. Other media outlets, including the left-wing news agency ETHA, are among those targeted.“Describing Bianet as a threat to national security is the height of absurdity,” said Erol Önderoğlu, RSF’s representative in Turkey. “Ever since its creation, this site has promoted peace journalism. We strongly condemn this latest act of arbitrary censorship, which contradicts promises recently made at the highest level, and we urge the authorities to rescind this draconian decision without delay.”President Erdoğan said at the end of May that, under a series of reforms that had just been submitted to parliament, it would no longer be possible to block an entire website because of a single item.Bianet has been a trailblazer in human rights journalism ever since its creation in 1997, specializing in the most sensitive subjects, including Kurdish issues, freedom of expression, violence against women and LGBTI rights. Its publications include quarterly reports by RSF’s Önderoğlu on persecution of the media in Turkey. And it has developed a training centre to promote the best journalistic practices throughout the country.Turkey’s “peace judges”, created in 2014 as part of the government’s efforts to rein in the judiciary, have been criticized by the Council of Europe for issuing poorly supported decisions against which the possibilities of recourse are limited.Bianet has successfully appealed twice to Turkey’s constitutional court against the blocking of individual articles, obtaining favourable rulings in December 2018 and April 2019. But this time it is the entire site that is being blocked – all of the approximately 200,000 articles that have been posted in the past 22 years.The already worrying situation of Turkey’s media has become critical since an abortive coup in July 2016. Many media outlets have been closed summarily, without any effective form of recourse, mass trials are being held and Turkey holds the world record for the number of professional journalists in prison. It is ranked 157th out of 180 countries in RSF’s 2019 World Press Freedom Index. News Turkey’s never-ending judicial persecution of former newspaper editor News April 28, 2021 Find out more TurkeyEurope – Central Asia Condemning abusesOnline freedoms Council of EuropeInternetJudicial harassment April 2, 2021 Find out more April 2, 2021 Find out more
Help by sharing this information News AzerbaijanEurope – Central Asia Russian peacekeepers deny foreign reporters access to Nagorno-Karabakh News April 3, 2008 – Updated on January 20, 2016 Journalists on hunger strike in protest against press freedom violations June 4, 2021 Find out more Follow the news on Azerbaijan Receive email alerts April 9, 2021 Find out more Organisation Reporters Without Borders supports the hunger strike that a group of journalists have been staging for the past week in protest against violations of free expression and the imprisonment of three of their colleagues. Human rights activists and opposition politicians have joined in the protest, which was launched by imprisoned newspaper editor Eynulla Fatullayev on 26 March.The press freedom organisation hopes the authorities will heed their call for the release of all political prisoners, including journalists. The hunger strikers are also calling on international organisations such as the Organisation for Security and Cooperation in Europe and the Council of Europe (of which a delegation is currently in Baku until 5 April) to intercede and help to put a stop to violations of free expression in Azerbaijan.“We regret that journalists have been driven to this extreme in order to draw the outside world’s attention to the constant persecution of the press and we urge the international community’s representatives to raise this issue in each of their meetings with Azerbaijani representatives and to remind them of the undertakings their country gave when it joined the Council of Europe and OSCE in 1992 and 2001.”The editor of the opposition dailies Gundalik Azerbaijan and Realny Azerbaijan, Fatullayev was sentenced to eight and a half years in prison in October 2007. He began his hunger strike in his cell on 26 March to demand the reexamination of his case and to demand the release of Ganimat Zahidov, the editor of the daily Azadlig, who was sentenced to four years in prison on 7 March, and the release of Sakit Zahidov, an Azadlig reporter who was sentenced to three years in prison in October 2006.Journalists with the newspapers Yeni Musavat, Gundalik Azerbaijan and Bizim Yol are among those who have joined the hunger strike. Human rights activists such as Arzu Abdullayeva and politicians such as Liberal Party president Avaz Temrikhan and Popular Front party vice-president Fuad Mustafayev are now also on hunger strike. RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan News June 8, 2021 Find out more to go further News “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says AzerbaijanEurope – Central Asia RSF_en
TAGSLimerick City and CountyNewspolitics Print WhatsApp Shannon Airport braced for a devastating blow Facebook Linkedin Newly co-opted Solidarity councillor Mary Cahillane with party colleague Paul Keller.NEWLY co-opted councillor Mary Cahillane, who replaces Solidarity’s Cian Prendiville in the City North district, used her first day on the job to propose a motion on the Cervical Check scandal.Speaking at this Monday’s meeting of Limerick City and County Council, Cllr Cahillane announced herself with a bang as she hit out at Fine Gael and Fianna Fáil for the privatising and outsourcing in the health service.Sign up for the weekly Limerick Post newsletter Sign Up “A greedy, ideological decision ten years ago by Mary Harney, Health Minister in a Fianna Fáil-led coalition, has now killed 21 women in Ireland,” she declared.“The current Fine Gael Health Minister Simon Harris and the HSE continue to sell our smear tests to private laboratories abroad. Private companies’ priorities are to make profit, not to protect women’s health. The real costs of privatisation in our health service cannot be measured in euro and cents, it costs lives.“It is our duty to demand on behalf of people a free, publicly funded, properly resourced, democratically accountable health service that meets the needs of everyone and not just those who can afford it.”Following the meeting, Solidarity councillor for City East, Paul Keller welcomed Ms Cahillane’s confirmation as a councillor and warned other parties that there was “more to come”.“Mary is a trade union activist of long standing and a formidable fighter for working class people. I have been hugely impressed by her politics, energy and capability since she returned to Limerick from living and working in Belfast for many years.“She has helped organise important protests in Limerick around the Cervical Cancer scandal and, as you can see today, she’s prepared to take that fight into the council chamber,” Cllr Keller commented.Councillors took the opportunity to welcome Cllr Cahillane to County Hall this week.“Your predecessor is a tough act to follow. I wish you well,” said Fine Gael councillor John Sheahan.Also wishing her well for the remainder of the term on the Council, Fianna Fail councillor Kevin Sheahan said: “I didn’t always get on particularly well with Cllr Prendiville, but that’s politics.”Independent councillor Brigid Teefy felt it was “nice to see another female” in the council chamber. NewsPoliticsMary shows spark of Solidarity in council debutBy Alan Jacques – December 3, 2018 1245 Local backlash over Aer Lingus threat TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Email RELATED ARTICLESMORE FROM AUTHOR Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Limerick on Covid watch list Twitter Previous articleLimerick goes wild for tourism campaignNext articleTen thousand names expected to go up on remembrance tree this year Alan Jacqueshttp://www.limerickpost.ie Advertisement Is Aer Lingus taking flight from Shannon?
April 23, 2020 1,161 Views Forbearance 2020-04-23 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago New York Lawmakers: Mortgage Forbearance Is Not Enough Previous: VP Mike Pence Addresses Industry Stakeholders on COVID-19 Response Next: Measuring Homeowner Financial Strain Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share 1Save A few New York lawmakers are proposing additional relief for homeowners who are struggling financially amid the COVID-19 pandemic. They say the mortgage loan forbearance measures already in place through the federal and state governments are simply not enough.On Monday, State Senator Todd Kaminsky and State Senate Housing Chair Brian Kavanagh proposed a measure now endorsed by Congresswoman Kathleen Rise to essentially prolong the life of mortgage loans, adding missed payments on to the end of the loan life.Under the federal Coronavirus Aid Relief and Economic Security (CARES) Act, homeowners are offered three months of forbearance on federally-backed mortgage loans. New York Governor Cuomo also signed an executive order giving all homeowners in the state forbearance for 90 days.However, at the end of these 90 days or 180 days—depending on the loan type—homeowners are expected to pay all missed payments in a lump sum at their next due date.“I’m hearing from people that are dreading it,” Kaminsky said, according to an article published on WCBS 880 News Radio. “They’re saying, ‘I don’t know how this is possible if I don’t have the money now to make payments, how am I going to suddenly come up with the money when this emergency period ends and have three months’ worth of money just sitting around.’ I mean it’s ridiculous.”Instead, the proposed legislation would simply add the missing payments onto the end of the loan, extending the loan life by three months.“I’ve heard from countless homeowners who are struggling to make mortgage payments due to the COVID-19 pandemic,” Rice said in a press release earlier this week. “During this unprecedented crisis, Long Islanders should be solely focused on keeping their families safe and healthy, not worried about losing their homes.”The three New York lawmakers wrote in an article on Newsday, “Our goal as policymakers should be to offer homeowners as many flexible options as possible to suit each individual family’s needs.”They continued, “This [proposal] allows homeowners to catch up on their payments at their convenience, without fear of foreclosure actions or damage to their credit. For many, it could be the difference between losing their homes and keeping them.”While the state senate is currently not in session, state lawmakers are pushing to vote on this and other bills aimed at helping New Yorkers weather the current crisis.Another state senator, David Carlucci, is promoting a bill aimed at preventing individuals from having to turn over their federal stimulus payments to creditors, according to a recent article from Spectrum News. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News About Author: Krista F. Brock Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / New York Lawmakers: Mortgage Forbearance Is Not Enough Tagged with: Forbearance Demand Propels Home Prices Upward 2 days ago Print This Post Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia.
Related posts:No related photos. Employer progress in absence controlOn 23 May 2000 in Personnel Today Previous Article Next Article Comments are closed. Most employers are making an effort to manage sickness absence, IPD research shows.Of companies with more than 2,000 employees, 91 per cent have an absence policy, according to the institute’s first sickness absence survey, published last week.The return-to-work interview was seen as a particularly useful tool, used by eight out of 10 respondents.Just under half of organisations train managers in handling absence, a third provide counselling services for staff.Other measures used include health promotion programmes, adopted by one in three employers, and rehabilitation programmes provided by a quarter. One in 10 offer staff physiotherapy sessions.A third of respondents said allowing staff to work flexibly had reduced absence.The survey of 1,684 organisations, employing just under two million people concluded that a third of sick days are taken by staff who are not genuinely ill. This accounted for three days per employee at a cost to the economy of £4bn.The survey put the average sickness rate at 9.3 days, though it was higher in larger organisations, the NHS and the food, drink and tobacco industry.However, a third of employers said their absence level has decreased in the past two years compared with one in five who said it had increased.“Organisations with poor management, low morale and increased work pressures will see employees take increasing amounts of time off as sick leave,” said Diane Sinclair, IPD adviser in employment relations. “Employers need to focus on people management and development strategies.”www.ipd.co.uk