Retailer Casino to sell 26 stores to Fortress in €501m deal to ease debt woes

first_img French supermarket giant Groupe Casino is to offload 26 stores in a deal worth more than half a billion euros, as it looks to reduce the size of its debt burden.US-based Fortress Investment Group has agreed to buy a mix of hypermarkets and traditional supermarkets for €501m (£443m), Casino said this morning. 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at Tags: Trading Archive Monday 21 January 2019 9:24 am whatsapp Retailer Casino to sell 26 stores to Fortress in €501m deal to ease debt woes Sebastian McCarthy Share The latest swathe of portfolio sales are part of a €1.5bn effort to cut the company’s debt by putting its assets on the market.The group, which saw its stock tumble by 28 percent last year, has looked to sell off its assets partly in an effort to help parent group Rallye’s debt woes.Today’s news comes days after the firm reported rising sales despite a blow to profit from the “yellow vest” protests which have swept across France.Protests and riots cost Casino about €50m in lost revenue, it said last week, but it maintained its overall financial targets for 2018.Groupe Casino, also known as Casino Guichard-Perrachon, also revealed late last week its plans to sell a further six stores to Leclerc for approximately €100m. last_img read more

Deaths in Laois – Monday, May 6, 2019

first_img Facebook 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Pinterest By Alan Hartnett – 6th May 2019 Twitter GAA Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Kay Heavin (née Conlon)St Brigid’s, Portlaoise, LaoisHeavin (nee Conlon) St Brigid’s Place, Portlaoise. May 4th 2019. Peacefully surrounded by her loving family. Kay, beloved wife of the late Jim. Deeply regretted by her loving sons, Sean, Eamonn and Patrick, daughters, Mary, Brenda and Delia, brothers, sisters, brothers in law, sisters in law, nephews, nieces, grandchildren, great grandchildren, relatives and friends.Rest in PeaceReposing at her residence on Monday from 4pm with rosary at 8pm. Removal on Tuesday morning to arrive at SS Peter and Paul’s Church for 10am requiem Mass. Interment afterwards in SS Peter and Paul’s Cemetery.John (Sean) KennyChurchfield Court, Castletown, Laois / Sallins, KildareJohn (Sean) Kenny, Churchfield Court, Castletown, Portlaoise, Co. Laois and formerly of Osberstown, Sallins, Co. Kildare. May 5, 2019 (peacefully) at the Midlands Regional Hospital, Tullamore. Deeply regretted by his loving sisters Nula and Rena, brothers in law, his very close friends Gabrial, Crina, Vlad and Lorena, nieces, nephews, extended family, relatives, neighbours and friends.“May John Rest In Peace”Reposing in Guilfoyle’s Funeral Home, Castletown, Mountrath (Eir Code R32 TN84) this Tuesday evening from 5 o’c with prayers in the funeral home at 8 o’c. Removal this Wednesday morning (May 8th) at 10.45 o’c to St. Edmund’s Church, Castletown (Eir Code R32 KT22) for Funeral Mass at 11 o’c with burial immediately afterwards in Bodenstown Cemetery, Sallins, Co. Kildare, arriving 1.30pm approximately.Irene Margaret McRobbApartment 4 Fassadinin, New Row, Abbeyleix, LaoisThe death has occurred of Irene Margaret McRobb, formerly Glasglow/London on May 5th 2019 peacefully with her loving daughters by her side at St. Vincent’s Hospital, Mountmellick. Beloved mother of Kirsty & Carly (Lewis, Ballyroan) and partner Michael. Sadly missed by her sister Maureen and late brother Ronnie, nieces, nephews and friends.Funeral Arrangements LaterMaurice (Mac) ByrneInch, Stradbally, Laois / Carlow Town, CarlowMaurice Byrne, Inch, Stradbally, Co. Laois and formerly 19 St. Patrick’s Avenue, Carlow. Passed away peacefully with his family at Droimnin Nursing Home, Stradbally . Predeceased by his loving wife Celine, Sadly missed and lovingly remembered by his family, daughter Bernie, son Tom, also Tony, Aine and family, daughter in law Sandra, son in law James, grandchildren, Lauren, Daragh, Celine and Conor, extended family, neighbours and friends.May Maurice Rest In Peace.Reposing at his home at Inch, Stradbally from 6pm this evening (Saturday) Recital of the Rosary at 8pm on Sunday night. Removal to The Sacred Heart Church, Stradbally on Monday 6th May for 12 noon Requiem Mass, interment to follow in Oakvale cemetery.Ethel Doyle (née Purcell)13 Monaghan Street Milford, Armagh City, Armagh / Abbeyleix, Laois / GalwayDoyle (née Purcell) Armagh, (formerly Abbeyleix and Galway) May 3rd 2019 peacefully at home, surrounded by her loving family. Beloved wife of Joseph and devoted mother to Eamon. Loving sister of John and daughter of the late Ned and Mary RIPHer remains will leave her late residence 13 Monaghan Street, Milford on Monday to arrive at St Malachy’s Church for 12.30pm funeral mass. Burial afterwards in Tullysaran Cemetery.Deeply regretted and sorely missed by her loving husband, son, brother, mother-in-law Mary, brothers-in-law, sisters-in-law and the entire family circle.On her soul sweet Jesus have mercy.Family flowers only please. Donations in lieu to Fr Peter McVerry Trust or Capachin Care Centre c/o any family member or Mone Funeral Directors, 22a Lower Clea Road, Keady, Co. Armagh, BT60 3HRMai DooleyShannon Street, Mountrath, LaoisMai Dooley, Shannon Street, Mountrath, Co.Laois. Died 2nd May 2019, (peacefully), in the tender loving care of matron and staff of St. Vincent’s Hospital Mountmellick. Deeply regretted by her sorrowing brothers Joe and Tommy, sister-in-law Sal, brother-in-law Jim, nephews, nieces, extended family, relatives and friends.May Mai Reat In PeaceReposing at Burke’s Funeral Home, Mountrath on Friday evening from 8p.m. with Rosary at 9p.m. Removal on Saturday evening to St. Fintan’s Church, Mountrath, arriving at 6p.m. Requiem Mass on Sunday morning at 11.30a.m. followed by Burial in St. Fintan’s Cemetery, Mountrath.Elizabeth SheilsTarleton Hall, Tanyard Lane, Tullamore, Offaly / Mountmellick, LaoisMore fondly known as Betsy (Betty). Late of Mountmellick. Died Peacefully in her 90th year in the wonderful care of the staff of Bethany House Nursing Home, Tyrrellspass. Pre deceased by her brothers Desmond, Joseph and Terence. Betsy will be sadly missed by her loving brother Gerard (Clonmel), sisters in law Janet (Sheils), Pat (Sheils) and Phyllis (Sheils), her nieces, nephews, grandnieces, grandnephews, relatives and friends.May She Rest In PeaceReposing at O’Reilly’s Funeral Home, Harbour Street, Tullamore, on Sunday from 4.30pm until Removal at 6.30pm to the Church of the Assumption, Tullamore. Requiem Mass on Monday morning at 10am followed by Burial after Mass in Clonminch Cemetery, Tullamore.Michael FlanaganBorohan, Errill, LaoisMichael Flanagan, Borohan, Errill, Co. Laois. May 2nd 2019. Peacefully in the tender care of Patterson’s Nursing Home, Roscrea. Sadly mourned by his sisters Catherine, Eileen, Masie and Margaret, his brothers Johnny, Noel, P.J. and Timmie, his good friend Terry, brothers-in-law, sisters-in-law, nephews, nieces, relatives and friends.Reposing at his home (Borohan) on Friday evening from 5:30pm with rosary at 9pm. Funeral Mass on Saturday morning at 10am in The Church of Our Lady, Queen of The Universe, Errill followed by burial in Bealady Cemetery.House private on Saturday morning. Family flowers only by request. Donations can be made at Michael’s funeral to Diabetes Ireland.SEE ALSO – Deaths in Laois – Sunday, May 5, 2019 TAGSDeath in Laois WhatsApp Previous articleA dramatic Top 4 weekend comes to a close as Portlaoise Panthers claim three titlesNext articleIn Pictures: Laois Martial Arts prove they are Elite in latest challenge Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Pinterest Facebook WhatsApp Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory RELATED ARTICLESMORE FROM AUTHOR GAA GAA Home Deaths Deaths in Laois – Monday, May 6, 2019 Deaths Here are all of Wednesday’s Laois GAA results Twitter Deaths in Laois – Monday, May 6, 2019last_img read more

Low interest rates making homes slightly more affordable: RBC

Canadian Press New reports from bank economists find low interest rates are keeping Canadian house prices within reach of homebuyers in many markets — although Vancouver remains an exception because of its sky-high real-estate prices. The Royal Bank’s quarterly report on housing trends, released early Friday, shows housing affordability improved slightly in the third quarter, after two consecutive quarters when things got worse. RBC chief economist Craig Wright says a lower interest rate environment, which includes mortgage rates, is helping to reduce the cost of home ownership. “Elevated uncertainty relating to the European sovereign-debt crisis and the downside risk for economic growth have contributed to keeping interest rates at low levels,” said Wright. Those lower rates are helping to cushion the impact of rising home prices in many cities even as the economy slow and consumer confidence weakens. The bank says affordability levels rose for all housing categories, although most improvements were less than one per cent. “Housing affordability levels are quite good in most parts of Canada and will pose little threat to overall housing demand,” said Wright. Among the most marked improvements in affordability were for two-storey homes and bungalows in Montreal, two-storey houses in Manitoba, and detached bungalows in Vancouver, Canada’s most expensive housing market. Royal’s affordability measure for Vancouver fell slightly from the previous quarter, but remained above 90%. Toronto is next in the index at 52.1%, Montreal is at 40.9, Ottawa 40.8, Calgary 37.6, and Edmonton 33.2. “The Vancouver area market continues to be a major exception, with sky-high property values in upscale neighbourhoods making it both extremely unaffordable and the most at risk of a downward correction,” said Wright A reading of 50% means homeownership costs take up 50% of a typical household’s monthly pre-tax income. The higher the rate, the higher the cost. RBC forecasts that interest rates will remain exceptionally low in Canada until mid-2012 and rise gradually after that. “We expect to see further slowing in the pace of home price increases next year, as housing demand levels out,” Wright said. “These factors will set the stage for a period of relative stability in affordability trends in Canada.” BMO Capital Markets agreed in a commentary Friday that low mortgage rates are offsetting weaker consumer confidence and slower job growth. “Relatively stable sales and price trends are likely in the year ahead,” BMO economist Robert Kavcic said. He noted that there were sales gains in many parts of the country last month, including Regina, Calgary, Toronto and Montreal. In contrast, Vancouver’s sales were one per cent below year-earlier levels and price increases have “mellowed” to 8.5%. “Since peaking above $800,000 in June, seasonally-adjusted prices in Canada’s most expensive city have drifted down to $758,000 + partly due to fewer high-end sales — and B.C. is looking like more of a buyers’ market,” Kavcic said. Meanwhile, Toronto continues to see solid growth with sales volume up 14.3% over the year-earlier period and prices rising by 7.8%. “These numbers show that Canada’s real estate market remains resilient with opportunities for prospective buyers,” said Katie Archdekin, BMO’s head of mortgage products. “That said, Canadians looking to buy or sell their home still need to ensure they stay realistic about what they can afford,” Archdekin said. Rising interest rates could dampen stimulus impact: PBO Keywords Interest rates,  Housing Share this article and your comments with peers on social media Global housing prices rise amid pandemic: BIS GTA home sales down 13% between April and May: TRREB Related news Facebook LinkedIn Twitter read more

TSX moves into negative territory near end of trading

first_img TSX gets lift from financials, U.S. markets rise to highest since March Share this article and your comments with peers on social media Toronto stock market dips on weakness in the energy and financials sectors 40556994 - close up image of stock market data on a computer monitor. 123RF Canada’s main stock index moved negative near the end of trading as the price of gold sank to a 2019 low.The S&P/TSX composite index closed down 13.26 points to 16,502.20. In New York, the Dow Jones industrial average was up 67.89 points at 26,452.66. The S&P 500 index was up 1.48 points at 2,907.06, while the Nasdaq composite was up 24.21 points at 8,000.22.The Canadian dollar traded at an average of US74.84¢ compared with an average of US74.88¢ on Monday.The May crude contract was up 65¢ at US$64.05 per barrel and the May natural gas contract was down 1.8¢ at US$2.57 per mmBTU.The June gold contract was down US$14.10 at US$1,277.20 an ounce and the May copper contract was up 0.45¢ at US$2.93 a pound. Keywords Marketwatch S&P/TSX composite hits highest close since March on strength of financials sector Related news Canadian Press Facebook LinkedIn Twitterlast_img read more

Sum Allocated to Widen Washington Boulevard Corridor

first_imgAdvertisements RelatedSum Allocated to Widen Washington Boulevard Corridor RelatedSum Allocated to Widen Washington Boulevard Corridor RelatedSum Allocated to Widen Washington Boulevard Corridorcenter_img Sum Allocated to Widen Washington Boulevard Corridor UncategorizedApril 7, 2007 FacebookTwitterWhatsAppEmail The Ministry of Housing, Transport, Water and Works has been granted $121 million for the widening of the Washington Boulevard Corridor. Details of the project are outlined in the 2007/08 Estimates of Expenditure, now before the House of Representatives.The main target for this financial year is the acquisition of 100 per cent of the land that is required for the project. This project, which is funded by the Government and the Caribbean Development Bank (CDB), will serve to enhance economic productivity by reducing the amount of time that people spend in traffic, through widening of the corridor. The expansion works should reduce high fuel consumption due to congestion, as well as reduce the vehicle operating cost, due to poor ride quality.More specifically, the project aims to improve travel time for buses and other motorists as well as the carrying capacity of the corridor.In this regard, the dualization of Washington Boulevard and Dunrobin Avenue will improve the travel time for buses during peak periods, by an estimated 64 per cent, as well as improve the carrying capacity of the corridor from 1,600 to 3,800 vehicles per hour in each direction.last_img read more

NCU Honours GG-Designate

first_imgRelatedNCU Honours GG-Designate RelatedNCU Honours GG-Designate RelatedNCU Honours GG-Designate FacebookTwitterWhatsAppEmail The Northern Caribbean University (NCU) has conferred an Honorary Doctor of Public Service on Governor General-designate, Dr. Patrick Allen, for his contribution to education and work with public bodies.Faculty and students of the university and civic and business leaders in Central Jamaica, attended the ceremony, which was held yesterday (Feb.17) at the institution’s Mandeville campus.Former Professor at Andrews University in the United States, David Penner, who was guest speaker at the function, said that while Dr. Allen was pursuing doctorial studies at Andrews, he saw in him the qualities of a leader at the highest level.“He combined work, study, family and church obligations well. He believes in service to others. He made sound and wise decisions after careful considerations and at all times in any debate, he makes balanced and fair judgement,” Dr. Penner stated.In his reply, Dr. Allen, said that in assuming his new office, he would build on the foundation that was laid by his predecessors. “There is no need to fear for the future. This is not a glory for me, but for the will of God to be flourished throughout Jamaica,” he stated.Among those who paid tribute to Dr. Allen were Custos of Manchester, Dr. Gilbert Allen; newly appointed Chairman of NCU, Derek Bignall; Corporate Communications Director at NCU, Nadeen Campbell; and Pastor of the Ridgemont United Church in Mandeville, Rev. Oliver Daley, who did the invocation.Dr. Allen, who is former board chairman of NCU, and president of the West Indies Union Conference of Seventh-day Adventists, will be sworn in as Jamaica’s sixth Governor-General on February 26.He will replace Sir Kenneth Hall, who is to retire because of health reasons.center_img NCU Honours GG-Designate Governor GeneralFebruary 19, 2009 Advertisementslast_img read more

Greens welcome single-use plastics ban, but vow to push it further

first_imgGreens welcome single-use plastics ban, but vow to push it further Australian GreensThe Victorian Greens have welcomed the state government’s announcement that it will ban a range of single-use plastics by 2023, but say they plan to push for more when the legislation is brought to Parliament.The Greens, alongside many community groups and leaders, have been pushing for a ban on single-use plastics for many years.The ban will do away with a range of pointless plastics pollutants, many of which can’t be recycled and have re-usable alternatives. These plastics currently end up in landfill, or worse, in our waterways and oceans, killing marine life and taking countless lifetimes to break down.The government plans to ban single-use plastic cutlery, plates, straws, drink stirrers, polystyrene food and drink containers, and cotton buds. This is a great start, but the Greens have vowed to push them to go further.The Greens will seek to amend the forthcoming legislation to ensure other single-use plastics are also banned like fruit wrapped in plastic, produce barrier bags, and fruit stickers. These all have reusable and compostable alternatives that need to be made readily available in shops.As stated by Deputy Leader of the Victorian Greens, Ellen Sandell MP:“There are so many reusable, compostable and recycled alternatives to these non-recyclable and unnecessary single-use plastics. We are so pleased to see the government finally recognise the need to transition our community to low waste practices that protect our planet.“When I walk through the fruit and vegetable section of the supermarket, like so many others, I am horrified to see fruit wrapped in plastic. It’s so needless and wasteful.“A marine creature is killed every thirty seconds by plastics. Together with the pressures of climate change, our ocean creatures face dire consequences without bold action now.“Banning pointless plastics that end up in landfill or as waterway pollution is critical for protecting our precious marine life, our pristine beaches and our planet.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Australian Greens, ban, climate, climate change, community, food, Government, Killing, legislation, ocean, parliament, planet, pollution, Single Use Plastic, supermarket, Victorialast_img read more

Two Day State Mourning for Sir Howard Begins Today

first_imgFacebookTwitterWhatsAppEmail Photo: JIS PhotographerMembers of the Jamaica Defence Force (JDF), stand guard around the casket which bear the remains of Sir Howard Cooke, former Governor General, as it lay in state inside the Montego Bay Cultural Centre in Sam Sharpe Square, on August 5. Thousands of citizens from across western Jamaica filed pass the body of the late Head of State. Story HighlightsAs the nation today (Aug 7) begins a two day period of state mourning for the late former Governor General Sir Howard Cooke, Prime Minister the Most Hon. Portia Simpson Miller will lead members of the Cabinet in viewing the body of Sir Howard at the laying-in-state at the Mico University. The Prime Minister and Cabinet Members will view the body at 3 p.m. The State Funeral for Sir Howard will take place tomorrow (Friday, August 8) at The Cathedral of the Most Holy Trinity, 1 George Headley Drive in Kingston, beginning at 10 o’clock in the morning. Two Day State Mourning for Sir Howard Begins TodayJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay As the nation today (Aug 7) begins a two day period of state mourning for the late former Governor General Sir Howard Cooke,  Prime Minister the Most Hon. Portia Simpson Miller will lead members of the Cabinet in viewing the body of Sir Howard at the laying-in-state at the Mico University. The Prime Minister and Cabinet Members will view the body at 3 p.m.The designated period of state mourning will run from this morning through to the end of the interment ceremony for Sir Howard tomorrow (Aug 8) at National Heroes Park. During the 2 days of state mourning, the national flag is to be flown at half-mast at all government offices and national buildings from 8.a.m until sundown. Half-mast does not mean half way down the mast. During the period also no public social or official events or functions should be held.Today is also the final day for members of the public to sign the Condolence Books for the late former Governor General which have been opened at King’s House, Mico University, the Ministry of Foreign Affairs and Foreign Trade, the Headquarters of the People’s National Party and the Office of the Prime Minister, Western Region in Montego Bay. The Books will be opened for signing between 10 a.m. and 5 p.m.The State Funeral for Sir Howard will take place tomorrow (Friday, August 8) at The Cathedral of the Most Holy Trinity, 1 George Headley Drive in Kingston, beginning at 10 o’clock in the morning.State Funerals are accorded Governors-General, Prime Ministers and National Heroes. The last State Funeral in Jamaica was in 2004 for the Most Hon. Hugh Lawson Shearer, the country’s third Prime Minister. RelatedThousands View the Body of Sir Howardcenter_img Advertisements RelatedIndependence Day Message from Prime Minister the Most Hon. Portia Simpson Miller RelatedPM Opens Linstead to Moneague Highway Two Day State Mourning for Sir Howard Begins Today Office of the Prime MinisterAugust 7, 2014Written by: Communications Unit-OPMlast_img read more

Assemblymember Bloom proposes a tax credit to incentivize hiring homeless individuals

first_imgHomeFeaturedAssemblymember Bloom proposes a tax credit to incentivize hiring homeless individuals Mar. 22, 2021 at 6:05 amFeaturedHomelessnessNewsAssemblymember Bloom proposes a tax credit to incentivize hiring homeless individualsClara Harter3 months agohomelesnessHomeless Hiring Tax CreditNews As the pandemic exacerbates Los Angeles’ already dire homelessness crisis, Assemblymember Richard Bloom believes providing businesses with a tax credit for hiring homeless individuals could be a key tool for economic and social recovery.Bloom, who served 13 years on City Council and is a current State Assemblymember, recently introduced AB 675 to create the ‘California Homeless Hiring Tax Credit’. This legislation would provide businesses with a tax credit between $2,500 and $10,000 for each unhoused individual they hire.This measure is supported by accompanying bill SB 424, which was co-authored by Bloom and introduced in the state senate by Senator Elena Durazo. If adopted, it has the potential to break down employment barriers to unhoused individuals across California, while providing much needed government support to small businesses.“We have a large group of individuals in LA County and across the state who are ready to work but unable to find jobs due to the stigma that is too often associated with homelessness,” said Bloom. “AB 675 And SB 424 take an important step forward to getting these Californians back to work.”The bills would provide tax credits to support up to 3,000 eligible unhoused individuals and apply to jobs that offer job training and career advancement opportunities as well as a ‘family sustaining wage’ at or above the jurisdiction’s prevailing wage.The program places emphasis on small and medium sized businesses and qualifying companies must employ less than 500 individuals. It strives to provide unhoused individuals with a sustainable income that allows them to permanently transition off the street while also aiding businesses impacted by Covid-19.“There are many small businesses in LA County that need additional staff right now to assist with reopening, but they’re struggling to afford the costs in it, and a tax credit of up to $10,000 could make all the difference to those businesses,” said Bloom. “Over 93 percent of LA County businesses employ fewer than 20 employees, making small business a key part of our economic recovery from the COVID 19 pandemic.”Eligible individuals include those experiencing homelessness at or up to 60 days prior to the date of hire or anyone receiving supportive services from a homeless service provider. While the initial program would be for $30 million in credits, Bloom said that if proven successful, the initiative could be vastly scaled up in the future.“I’ve gone through a bout of homelessness and I know what it’s like to want to get a job and want to better yourself, but there weren’t a lot of resources out there,” said Lavena Lewis. “When you are homeless finding employment is key. “It’s really one of the main factors that will allow you to be housed and to hold on to your housing.”Lewis was temporarily unhoused and lived in a shelter in Downtown LA where she received assistance from LA Rise and the Downtown Women’s Center, which allowed her to start a business selling handbags. She said that her experiences led her to fully support this program and that she would love to be able to hire a homeless individual in the future.“It’s important for us as a business community as well as people who are experiencing homelessness to get together and through this bill we can work and help one another,” said Lewis. “The idea of saving money with tax credits as well as helping unhoused Angelenos is really important.”[email protected] :homelesnessHomeless Hiring Tax CreditNewsshare on Facebookshare on Twitteradd a commentTesla project down but not outAnother Boardwalk encampment fire stokes concerns about Venice’s trash crisisYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoNewsCouncil picks new City ManagerBrennon Dixson16 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter16 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor16 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press16 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press16 hours agolast_img read more

USGA reverses course, reviewing maternity policy

first_imgStacy Lewis was disappointed her request for a special exemption to allow her to play in this year’s U.S. Women’s Open was rejected, forcing her to qualify, but she received good news from the USGA before she teed it up Saturday at the Hugel-Air Premia LA Open. The two-time major champion and former world No. 1 was offered and accepted special dispensation that allows her to play while the USGA conducts a review of its maternity extension policy for competitors. “Fundamentally, we think this is the right thing to do,” Craig Annis, the USGA’s managing director of marketing, communications and community affairs, told Brittany Lincicome, who used the current USGA policy to defer her qualifying status to next year, also was offered special dispensation to play the U.S. Women’s Open at the Country Club of Charleston in South Carolina May 30-June 2. She told the USGA that she isn’t sure yet whether she will use it. She is about five months pregnant. Lewis gave birth to her first child, Chesnee Lynn, last October. Lewis took off the second half of last year to prepare for the birth and slipped outside the U.S. Women’s Open qualifying standards. She can still qualify on her own this year, but she sought an exemption to assure her place wasn’t lost because of pregnancy. Lewis is No. 65 in the Rolex Women’s World Rankings. She can still qualify by moving among the top 50 on the Monday before the championship begins. Or through sectional qualifying. Or by winning an LPGA event. After her request for a special exemption failed, Lewis, 34, appealed to the USGA to consider amending its maternity policy for competitors. The organization quickly reacted. “It wasn’t about me personally,” Lewis said. “If I didn’t play this year and it caused things to change, that’s great, too. So I’m just glad it worked out in my favor this time.” Annis said the special dispensation allows the USGA to address issues that players like Lewis and Lincicome face this year while the organization does a “full review” of its policy, which will include looking at the major changes the LPGA made to its maternity policy earlier this year, as well as the policies of other organizations. “When we look at our own USGA staff policy around maternity leave, what we are essentially saying is when you go out on maternity leave, your status remains the same within the organization,” Annis said. “And when you come back, you can expect that as well.” Under the USGA’s current “maternity extension” policy for competitors, a player who has met qualification standards for the current year can defer her status until the following year, due to maternity. Lewis appealed to the USGA, saying she didn’t believe a player should have to make a choice. She was heard. “We thought this is an opportunity to refresh our policy and go a few steps further,” Annis said. “As we did that, we recognized we weren’t going to be able to come up with a policy in a short period of time that would address the myriad issues that we want and need to address.” So Lewis and Lincicome were offered the special dispensation. “We wanted to reach out to make sure they were welcome to play if they chose,” Annis said. With a baby boom on tour, the LPGA revamped its maternity policy this year, giving mothers and expectant mothers more options. Under the former LPGA policy, a player taking maternity leave was limited to no more than 10 tournament starts in the year she was taking leave. Under the new policy, a player can play an unlimited number of events in the year she takes leave. Also, the new policy gives a returning mother more time to come back to the tour. It allows moms to spend more time with their babies before returning. Under the new policy, a mom can take up to two years to return to the tour, without losing the status she had when she started her maternity leave. Plus, once a mom decides to return to the tour, she can play under a maternity extension that would give her a number of events, rather than a calendar year, to retain her status. For example, if there are 30 events on the tour schedule, a player returning in July would have 30 tournaments to retain her status. She could do so over two seasons. That’s 30 tournaments on the schedule, not 30 starts by the player.last_img read more