Share JP Morgan confirms London as its EU headquarters Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof INVESTMENT bank JP Morgan has confirmed it will base its European headquarters in London, at 25 Bank Street in Canary Wharf, from 2012.The announcement is a major vote of confidence in London as a leading financial services centre and will come as a relief to policymakers.The bank has paid £495m to acquire more than one million square feet of floor space that will host its entire investment banking division, currently spread over four buildings in London.“This acquisition is a long-term investment and represents part of our continued commitment to London as one of the world’s most important financial centres,” said Jamie Dimon, chairman and chief executive of JP Morgan. Boris Johnson, Mayor of London, said the decision was “a tremendous coup for London and for the UK, which rightly reflects the prevailing confidence in the capital.”“Banking is one of the few global industries in which we truly excel,” he said. “JP Morgan’s commitment to London will help ensure the capital retains its position as a banking powerhouse, which drives the UK economy and attracts the brightest and best stars from the financial world.”Construction work will start immediately to make the building ready for the bank’s use in 2012.JP Morgan joins other firms such as KPMG, Fitch, Mastercard and Moodys at Canary Wharf. Its additional staff means the working headcount of Canary Wharf will rise above 100,000 for the first time, the former owner, Canary Wharf Group said. Show Comments ▼ whatsapp whatsapp Monday 20 December 2010 3:56 am alison.lock
The Co-operative Bank of Kenya Limited (COOP.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2015 presentation results for the first quarter.For more information about The Co-operative Bank of Kenya Limited (COOP.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited (COOP.ke) company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (COOP.ke) 2015 presentation results for the first quarter.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchange
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I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Worried about the coronavirus? I think these top growth stocks could help protect your wealth Stripped supermarket shelves and angry shoppers over-filling their trolleys have been some of the abiding images of the coronavirus crisis. Panic buying of toilet rolls, soap, pasta and other so-called essential items may have increased the sense of impending doom.But frantic shopper behaviour is something that could drive sales over at Naked Wines (LSE: WINE). That’s what news of surging demand at its recently-divested Majestic Wines stores suggests.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…Apparently, “customers are filling their racks with wines from across Europe ahead of any potential disruption to supply lines caused by the Covid-19 outbreak,” the retailer says. As a consequence, sales of Italian and French wines jumped 44% and 68% during the seven days to Tuesday. Sales of English wines have also more than doubled.It’s perhaps little wonder Naked Wines’ share price has remained unchanged over the past month. This may mean the retailer doesn’t come cheap. The business is sporting a price-to-earnings (P/E) ratio of 37.1 times for the financial year to March 2021.However, as a lifeboat in these troubled times, it could be considered worth the premium. City analysts expect annual earnings to double in this period. Majestic Wines’ latest release suggests it could remain on course to do so despite the coronavirus threat.Business is boomingBuying shares in corporate restructuring firm Begbies Traynor Group (LSE: BEG) is another good idea as the coronavirus batters the UK economy. The company’s fallen 14% in value over the past month, versus the near-30% drop for the FTSE 100. It’s no surprise this share has performed better than the broader market. In an increasingly-difficult environment, it’s likely the number of UK firms experiencing financial distress will increase. This will drive business flows at insolvency practitioners, like this AIM-quoted firm, steadily higher.Let me give you an example. According Altus Group, the number of accommodation, food and beverage companies going into insolvency leapt 10.4% in 2019. This picture can only worsen. The number of hospitality providers experiencing severe financial difficulties is tipped to accelerate in the months ahead, as citizens self-isolate in increasing numbers. This bodes well for Begbies Traynor.In great shapeConcerns over Brexit may have been relegated from the front page. But this is another issue adding immense strain to firms in 2020. Immense political and economic uncertainty has supported business activity at Begbies Traynor for well over a year now. More recently, it’s helped drive “strong organic growth” in the three months to January.No wonder City analysts expect Begbies Traynor earnings to rise 18% and 14% in the fiscal years to April 2020 and 2021. In my opinion, this is one of the best shares to capitalise on current economic conditions in the UK, bolstered by its ongoing commitment to expansion via acquisitions.Its rock-bottom forward P/E ratio of 12.9 times also provides an added incentive for dip buyers to pile into today too. Enter Your Email Address See all posts by Royston Wild Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Royston Wild | Wednesday, 18th March, 2020 | More on: BEG WINE Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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Donald Trump, Posted Nov 9, 2016 AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis November 9, 2016 at 5:00 pm Thank you, Bishop Curry. You are a blessing and gift to us. I appreciate the always kind, thoughtful, and gentle words and prayers you offer to inspire us. Blessings and Peace to you. Francis Bagbey says: December 2, 2016 at 11:51 pm We all pray that this man will not continue to be as deplorable as he has been…Racist– “Miss Housekeeping”… Misogenist.–“Grab them by the pXXXy,” ….Liar–too many to name…Un-American…tax dodger, friend of Putin…. Our Presiding Bishop was being gracious under the assumption that Clinton would win and that the large number of Republican Episcopalians would be very upset. He was speaking peace to them, and had no idea this man who represents the worst of America could actually win. Good thing we belong to a different kingdom, because this one is in deep trouble. Priest-in-Charge Lebanon, OH November 10, 2016 at 11:05 am I trust this will bring unity to those who feel there party lost. But we all gain when we consider the words that you give .May God lead this land always and may we bless whoever becomes our new leader. God bless our people and our country. Thank you sir for your inspiration Associate Rector for Family Ministries Anchorage, AK Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Gina Curran says: 3:00[Episcopal Church Office of Public Affairs press release] Presiding Bishop Michael Curry has issued a video message on the national election on Nov. 8.The video is available here and is available closed-captioned.The following is the text of the message.Presiding Bishop Michael CurryPost – Election MessageNovember 9, 2016Hello. We’re filming this on Election Day before the results of the presidential and other elections are in. But there’s some thoughts I wanted to share with you, and a prayer I’d like to offer.Twenty-five years ago Robert Fulghum published a book, All I Needed to Know I Learned in Kindergarten, and in that book he talked about the kinds of things we learned as children, especially in kindergarten:Share everything. Clean up your own mess.Don’t hit people.Play fair.Say you’re sorry when you hurt somebody. We learned those as children, and those were lessons for life.I remember as a child, and I suspect you learned as well, the words of the Pledge of Allegiance. Listen to those words again:I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation, under God, indivisible, with liberty and justice for all.That Pledge of Allegiance and those words were taught to us as children, but they’re meant for us as adults and as a country.We will elect a president. We will elect officer holders. Some will be Republicans. Some will be Democrats. Some will be Independents. But that will be the democratic process. That’s how we govern ourselves in our country, and we will all live with the results of those elections, but we will all live together as fellow Americans, as citizens. And so the time will come, to bind up our wounds, to overcome our differences, to reconcile with each other, to reach out to those who differ with us, and to be Americans.One nation, under God, indivisible, with liberty and justice for all.And an America like that will truly be a shining city upon a hill.And so a prayer that I also learned as a little child, the words of James Weldon Johnson: God of our weary years,God of our silent tears,Thou who has brought us thus far on our way;Thou who has by Thy might,Led us into the light,Keep us forever in the path, we pray.Lest our feet stray from the places, our God where we met Thee,Lest our hearts, drunk with the wine of the world, we forget Thee; Shadowed beneath Thy hand,May we forever stand,True to our God,And true to our native land.God bless you, God keep you, and reach out in love to your fellow citizens. The Rev. Billie Mae Gordon says: November 9, 2016 at 11:08 am Thank you Bishop Curry, for this winderful reminder and prayer. God bless and keep you also. Bishop Diocesan Springfield, IL Betsy Murphy says: Assistant/Associate Priest Scottsdale, AZ November 9, 2016 at 7:54 pm HOPE SO! Carolyn George says: November 10, 2016 at 1:15 pm A most befitting reflection from The Most Rev’d in God Michael Curry, of The Episcopal Branch of The Jesus Movement ..Listen to Him, and fellow bishops.God, is Still on the THRONE. Course Director Jerusalem, Israel January 14, 2017 at 9:59 am We all pray that this man will not continue to be as deplorable as he has been…Racist– “Miss Housekeeping”… Misogenist.–“Grab them by the pXXXy,” ….Liar–too many to name…Un-American…tax dodger, friend of Putin…. Our Presiding Bishop was being gracious under the assumption that Clinton would win and that the large number of Republican Episcopalians would be very upset. He was speaking peace to them, and had no idea this man who represents the worst of America could actually win. Good thing we belong to a different kingdom, because this one is in deep trouble. In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 November 9, 2016 at 1:47 pm Thank you , Bishop Curry!! November 9, 2016 at 6:58 pm Thank you for your words of wisdom. Tags Vicki Gray says: Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Belleville, IL Comments are closed. Francis Bagbey says: Rector Knoxville, TN Rector (FT or PT) Indian River, MI Election 2016, Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Presiding Bishop Michael Curry, llola Maoris says: November 9, 2016 at 5:09 pm Thank you for your words and prayer Bishop Curry. We all have to come togetherand be united in this wonderful country. We can accomplish so muchworking together. Curate Diocese of Nebraska November 9, 2016 at 7:17 pm Thank you, Bishop Curry. Rector Albany, NY Canon for Family Ministry Jackson, MS Catherine Gray says: November 10, 2016 at 5:36 pm Thank you Bishop Curry. your words gave me comfort and hope i following the election. I pray for all those who are having great difficulty with the results. Anne Johnson says: Thurma L. Hilton says: Rector Shreveport, LA November 9, 2016 at 4:44 pm Very helpful reminders, Bishop Curry and even more so since you chose to cleverly write and post them before the election results were evident.Joyce Kauffman, parishioner at Grace & St. Stephen’s Episcopal Church, Colorado Springs, CO. An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit an Event Listing Elaine Jones says: Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Curate (Associate & Priest-in-Charge) Traverse City, MI November 10, 2016 at 9:33 am I would like to get a copy of the video that I can embed onto our church website. Assistant/Associate Rector Washington, DC Associate Priest for Pastoral Care New York, NY Comments navigation Newer comments Rector Martinsville, VA November 9, 2016 at 11:14 am That was a wonderful message – Especially the part from the [ledge about liberty and justice for all. I am part of an inter racial family and have been afraid the make America great again really meant make American white again! Cathedral Dean Boise, ID Karen Morgan says: Michael Stockdell says: Carole Gilman says: Kathy McClure says: Missioner for Disaster Resilience Sacramento, CA November 27, 2016 at 2:22 pm Thank you Bishop Curry and with you I Pray for Peace+++ Madlyn Springston says: November 11, 2016 at 10:20 pm Dear Bishop Curry,Thank you for your wise words of council. You are a voice of calm in this age of noise. I’ve heard you preach several times at church and via video. Your words are powerful and convey a message of unity. My spirit has been troubled by the results of this election but I’ll take to heart your words. We are children of God and our citizenship is in heaven. God bless you and keep you. God bless our leaders with wisdom. November 9, 2016 at 8:44 pm Thank you for these wonderful words. We all needed to hear them and be reminded of these simple truths. God bless us all and God bless America. November 12, 2016 at 10:12 am I received your words with such gratitude. My heart has been struggling to hear a voice such as yours speaking in leadership. Your words sound like a compass in this confused political mess. I was just received a couple weeks ago and I feel assured I have made the right choice in joining hands with the Episcopal Church November 10, 2016 at 5:13 pm “One nation, under God, indivisible, with liberty and justice for all.”Sorry, but I am old enough to have learned the POA without the “under God” added phrase. It was added during the 50’s cold war era, and is exclusive. It should be removed to make us “one nation”. The Rev. Scott Arnold says: Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Faith & Politics, November 10, 2016 at 3:48 pm It’s sad that you feel this way. I saw nowhere near the “horrible things” you saw in Trump. I assume you were comfortable with Mrs. Clinton’s characterization of some Trump supporters as the irredeemably deplorable (and she professes to be a Christian in the Methodist version; isn’t redemption one of the principal tenets or offers of Christianity?). I pray that Trump will be nowhere near as deplorable as your current fears. November 10, 2016 at 10:04 am Thank you Bishop Curry for always being the voice of reason , and the messenger of light for us in dark times. We heard you preach in Charleston, and at home in the mountains of NC, o, we watch all videos we can find in order to listen to your sermons… On this path of uncertainty and fear after this election,,,, your voice is a comfort and we continue to find solace as well as strength in your messages. Thank you for caring so deeply for us all,,,,, and we pray, in return,,,,, And Also With You. November 9, 2016 at 6:19 pm Dear Bishop Michael, Your words today are so loving, and so hopeful. Thank you for being who you are, and being among us at a puzzling, trying time. You give me hope for the future even as we cope with the present. Judy Lane Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Priest Associate or Director of Adult Ministries Greenville, SC Associate Rector Columbus, GA Frank E. Tate, III says: Phil Monroe says: Rector Washington, DC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Press Release Service Director of Music Morristown, NJ November 10, 2016 at 12:52 am Thank you Bishop Curry. I read your message with tears in my eyes as I am still in disbelief and shock that this country has elected a man who consistently preached and raved against everything that I have always been taught and have known and believed in my life – tolerance, love, acceptance, tolerance, etc. I am struggling with this national decision and know that I must accept what has happened, but am so very frightened that all the horrible things he said he would do if he became president actually happens. I fear for this generation and for my grandchildren and their families. I will continue to pray for peace and for acceptance. New Berrigan Book With Episcopal Roots Cascade Books The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Hugh Hansen, Ph.D. says: November 10, 2016 at 3:42 pm Not in the spirit of the Bishop’s message and granted it was your fear speaking, making America white again was nowhere in Trump’s message, express or implied. What in anything Trump said or did prompted your fear? I’d really like to know. thanks This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 The Rev. Scott Arnold says: TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Judy Lane says: Video Rector Smithfield, NC Rector/Priest in Charge (PT) Lisbon, ME November 10, 2016 at 6:45 am Very strong guidance, and very timely. Thank you! Director of Administration & Finance Atlanta, GA Clare Tager says: November 9, 2016 at 4:51 pm In the midst of my struggle this morning with my “opportunity to testify” this Sunday, I thank you for these words of comfort, hope, and solidarity. Ken Bronsil says: Video: Election message from the Presiding Bishop Submit a Job Listing Rector and Chaplain Eugene, OR Comments (31) November 9, 2016 at 5:42 pm A wonderful, wonderful little essay. How can an Episcopalian think otherwise. The Rev’d Carl A. Byrd says: Family Ministry Coordinator Baton Rouge, LA Father Mike Waverly-Shank says: Joyce Kauffman says: Comments navigation Newer comments Rector Pittsburgh, PA Featured Events Assistant/Associate Rector Morristown, NJ Rector Bath, NC Rector Hopkinsville, KY Janice Evans says: Rector Tampa, FL November 10, 2016 at 8:44 am Presiding Bishop Curry, your guidance and your prayer will work regardless of who is elected. Now the election is over and the people have spoken and there is opportunity for us to carry out our lives just as your guidance has indicated. Under God’s merciful care we can proceed and build (Rebuild) our nation under God, indivisible, with liberty and justice for all. Thank you for your devout leadership of the Episcopal Church. May we like the country seek to find solutions to our problems, agreement in our differences, and a tie that binds us to one another and to God. Rector Collierville, TN November 10, 2016 at 9:34 am My own thoughts turn to the poet W.B. Yeats’ question: “What rough beast, its hour come at last slouches toward Bethlehem to be born?” Featured Jobs & Calls Youth Minister Lorton, VA Robin Somerville says: Submit a Press Release
£2.5m available for businesses providing positive social impact How to applyPower to Change will host a webinar on 13 September to give would-be applicants an overview of the fund and its eligibility criteria. They can also read the fund’s guidance and sign up to the Power to Change newsletter to be kept informed as to when the online application form goes live.The closing date for applications from community businesses is 9 October 2018. Grant awards will be made at the start of 2019. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 118 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 Tagged with: England Funding Advertisement The sixth round of the Community Business Fund will open next month, offering grants of between £50,000 and £300,000 to businesses in England which trade “for the benefit of and accountable to their local communities”. A total of £2.5 million is available in this round.The Community Business Fund is provided by Power to Change, an independent trust.So far it has supported over 90 organisations in England to become more financially sustainable. These range from farms and libraries to canal moorings to cinemas.Colette Harvey, Programme Manager at Power to Change, said: “We’re very excited to make a further £2.5m available to community businesses and aim to support 15 more organisations through this next round of funding. Community businesses are doing exceptional work at delivering more cohesive local communities and a stronger civil society. We look forward to receiving a broad range of applications from a wide variety of places and sectors.” Watch: Crediton Community BookshopCrediton Community Book Shop received a Community Business Fund grant to purchase premises, expand services for children and create a community hub. Money from book sales goes back into the community through book fairs, school outreach, author events and reading workshops. Howard Lake | 29 August 2018 | News 117 total views, 1 views today More funding roundsThere will be further rounds of the Community Business Fund, with the next application window open in early 2019. 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.
Derry draw with Pats: Higgins & Thomson Reaction Pandemic Unemployment Payment being cut from today DL Debate – 24/05/21 WhatsApp News, Sport and Obituaries on Monday May 24th By News Highland – September 17, 2020 AudioHomepage BannerNews Important message for people attending LUH’s INR clinic FT Report: Derry City 2 St Pats 2 Google+ RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter WhatsApp Previous articleGovernment to update travel list todayNext articleMinimum alcohol pricing may never be introduced in North News Highland Twitter The Pandemic Unemployment Payment is being cut from today.PUP will move from two rates of payment to three rates, which will see some people lose 100 euro a week.The amount a recipient will receive will depend on their previous earnings.People Before Profit TD Richard Boyd Barrett says it’s punishing certain workers:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/09/pup7am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Arranmore progress and potential flagged as population grows Google+ Pinterest Pinterest Facebook
Benzie County Sheriff(WARREN, Mich.) — Authorities in Michigan are still searching for a woman who frantically called someone for help before disappearing last week.An unnamed individual in Warren, Michigan, contacted the Benzie County Sheriff’s Office early Thursday morning, saying 47-year-old Adrienne Quintal had called them asking for help from her family’s cabin in the village of Honor where she was visiting. Authorities rushed to the residence and discovered “evidence of possible foul play,” but they were unable to locate Quintal, according to a press release from the sheriff’s office. Quintal’s family and friends haven’t heard from her since. She left behind her personal property, including her car, cellphone and purse, the sheriff’s office said.On Saturday, investigators scoured the wooded area surrounding the cabin but the search didn’t turn up any new clues.The Benzie County Sheriff’s Office and the Michigan State Police are following up on leads and tips, while also conducting further interviews of witnesses. The incident remains under investigation.Quintal, who is white and goes by the nickname Ada, is described as having brown eyes and long brown hair. She is about 5-foot-7-inches tall and weighs around 125 pounds, according to the sheriff’s office.Anyone who has seen or heard from Quintal is urged to contact the Benzie County Central Dispatch at 1-231-882-4487 or the Michigan State Police Silent Observer at 1-866-774-2345. Copyright © 2019, ABC Audio. All rights reserved.
Email Address* Contact Akiko Matsuda Full Name* Message* Email Address* Sam Chandan, who heads New York University’s Schack Institute of Real Estate, said that notwithstanding the challenging fiscal outlook for New York City and the state, raising taxes on the most mobile residents and businesses is counterproductive.“The increase reflects a deterioration in public tax efficiency and, at least on the margin, will render us less competitive in attracting and retaining the businesses and skilled residents that are essential to long-term growth in the tax base,” he said.A 2015 study by advisory firm KPMG and the Tax Foundation, a think tank that tends to oppose tax increases, ranked New York dead last in corporate income tax levels paid by corporate headquarters, research and development facilities, and retail stores, which respectively paid 85 percent, 107 percent and 71 percent more than the national median. (At the time, the state had a corporate tax rate of 7.1 percent, which was subsequently reduced to 6.5 percent.)Yet New York City still commanded among the highest rents in the nation, indicating that companies consider its taxes in context with its strengths, such as talent base, culture scene, tourism and transit network. And the number of billionaires calling the city home has risen to a world-leading 113, by one count, since a 2009 statewide tax hike on high earners.The Tax Foundation’s Jared Walczak said that the city had survived high taxes and other expenses because people wanted to be there. The pandemic has changed that equation.“They’re willing to pay higher cost of living and higher taxes for the privilege of living and working in New York. But that’s not unlimited,” he said. “The tax hikes come at the time of increased mobility. … More businesses will be able to locate in whichever environment makes the most sense for them without worrying about whether all their employees want to follow them — because they can work remotely.”The state’s budget was due April 1, but lawmakers are expected to finalize it this week.Budget negotiations have been contentious, with the Senate and Assembly calling for more than $7 billion in tax increases. In January Gov. Andrew Cuomo proposed $1.5 billion in tax hikes in the event that the federal government only sent the state $6 billion in pandemic aid. Yet after Washington sent $12.6 billion, Cuomo, who in 10 years as governor has extended the millionaires’ tax several times but never raised income taxes, agreed to do so for high earners, according to several publications.Lawmakers and the governor reportedly settled on a 9.65 percent tax rate for individuals making more than $1 million and joint filers making twice as much (a rate increase of 9.4 percent). The proposal also raises the corporate franchise tax to 7.25 percent (an increase of 11.5 percent) and creates new tax brackets for those with income greater than $5 million and $25 million, who would pay 10.3 percent and 10.9 percent, respectively, up from 8.82 percent.The Assembly had also sought a pied-à-terre tax, though it isn’t clear if that will make it into the final version. According to Douglas Elliman broker Sabrina Saltiel, an annual tax on second homes would have had a more direct impact on residential sales than the income tax increases would.“At the margin it may have a small effect,” she said, “but overall there’s always going to be people who want to live here.”During a press conference Monday, the governor called the budget the “most complicated, most ambitious and hardest” the state has ever crafted, although anti-tax crusader E.J. McMahon calculated that the tax hikes would actually create a surplus. Cuomo did not address the proposed tax increases, but called pandemic recovery an international competition to see who could rebuild the quickest.Like most business leaders, Pam Liebman, CEO of the Corcoran Group, sees the tax hikes as the wrong way to go. She called it important for the city to “feel very welcoming to people of all income levels.”“It’s just not a good look,” she said.Contact Kathryn Brenzel Full Name* The state budget is expected to include tax increases through 2027 on the personal income of New York’s highest earners and on corporate income. (Getty, iStock)People will always want to live and work in New York … until they don’t.And some real estate professionals and economists fear that $4.3 billion in tax increases, on top of the shift to remote work, might just push some over the edge.The state budget, now in the final stages of negotiations, is expected to include tax increases through 2027 on the personal income of New York’s highest earners and on corporate income. The real estate industry has consistently opposed such measures, fearing they will drive away high-net worth individuals and businesses.“My initial reaction was ‘ouch,’” said Brian Lewis, a broker at Compass. “There’s a fine line between creating a pay-your-fair-share environment and a get-out-of-here, kick-them-out [environment].”“You’ve got to find the balance,” he said.Companies choose locations based on myriad factors, and local tax rates are rarely the main driver. Revenue from the New York hikes is expected to go toward school aid and rent arrears, including for small businesses, tenants and possibly undocumented immigrants.Still, critics argue that as the city recovers from the pandemic and navigates a new working environment, legislators should focus on attracting businesses, not raising their taxes.Read moreDoes taxing the wealthy really drive them away?New Jersey millionaires’ tax is done dealNew York lawmakers push for new millionaires’ tax Message* Contact Erin Hudson Full Name* Email Address* Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Tags Millionaire’s TaxNew York State Budget
Back to overview,Home naval-today Russian Navy’s Carrier Group Enters Atlantic View post tag: Navy’s Russian Navy’s Carrier Group Enters Atlantic February 3, 2012 View post tag: Navy View post tag: Atlantic View post tag: Naval View post tag: Carrier View post tag: Group View post tag: Russian Russian Navy’s carrier group led by aircraft-carrying cruiser Admiral Kuznetsov has left the Mediterranean Sea and entered the Atlantic.Russian naval force has been deployed since Dec 2011. Since that time, the carrier group has covered over 5,000 nautical miles in the Mediterranean.Being deployed in the Mediterranean Sea, Russian deck-based pilots have carried out about 15 flight shifts, about 150 landings on the carrier’s deck, over 20 mock air battles and nearly same number of target-interception drills.Aircrews of deck-based helicopters Ka-27 also improved their flight skills and provided antisubmarine protection of the carrier group. In total, they have performed over 120 sorties including 40 in the nighttime.Crews of Northern Fleet (NF) aircraft carrier Admiral Kuznetsov and large ASW ship Admiral Chabanenko, Baltic Fleet (BF) frigate Yaroslav Mudry and Black Sea Fleet (BSF) frigate Ladny have performed wide range of training tasks under common concept. There were dozens of antiaircraft and antisubmarine exercises, hundreds of shipborne drills, air defense and artillery firings.Pilots of the task force will continue combat training in the Atlantic, including flights of Su-33 fighters and ship-based helicopters.Deployment of the carrier group started on Dec 6, 2011 with departure of aircraft-carrying cruiser Admiral Kuznetsov, large ASW ship Admiral Chabanenko and supply vessels from NF main base Severomorsk. Throughout the cruise, the task force has covered over 10,000 nautical miles.[mappress]Naval Today Staff , February 03, 2012; Image: sevastopol Training & Education View post tag: News by topic View post tag: enters Share this article