Goodwill Savannah GA Sun, 19 Sep 2021 04:07:21 +0000 en-US hourly 1 Goodwill Savannah GA 32 32 Biden administration to deport Haitians in Del Rio, Texas Sun, 19 Sep 2021 01:25:58 +0000

This week, the United States resumed deportation flights to Haiti under the public health order. On Wednesday, immigration and customs services repatriated around 90 Haitians.

Among those deported were families with young children, according to the Haitian Bridge Alliance, a rights group, which also said they had been deported under Title 42. Many Haitian families said they were afraid and are not being deported, the official said.

ICE Air uses chartered planes which have the capacity to carry approximately 135 people. The Defense Ministry is also expected to provide planes to transfer migrants to other border crossings to reduce overcrowding in Del Rio. ICE transported migrants from Laughlin Air Force Base to Del Rio in El Paso, Tucson and San Diego for processing.

In recent months, the administration has stepped up deportation flights to Mexico, Central and South America. In August, there were 99 probable withdrawal flights compared to 46 in July and 35 in June, according to Tom Cartwright, who tracks ICE Air flights for Witness at the Border, an advocacy group.

Haitians make up a small share of border workers, around 4 percent of migrants encountered by border officials in August, eclipsed by Central Americans and Mexicans.

But their numbers have swelled in recent months. Nearly 28,000 Haitians have been intercepted by border patrol along the US-Mexico border during the current fiscal year, which ends September 30, compared to 4,395 in 2020 and 2,046 in 2019. of 28,000, less than 4,000 were transformed. under the public health rule, according to the most recent border data, which covers arrests through the end of August.

Despite the public health measure, along some stretches of the border, the United States has not deported migrant families with young children because Mexico refused to accept them. And on some days Mexicans tell border officials their shelters are at full capacity and can only accommodate a certain number of migrants.

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Datang International Power Generation (HKG: 991) takes risks with its use of debt Sun, 19 Sep 2021 01:19:12 +0000

David Iben put it well when he said: “Volatility is not a risk we care about. What matters to us is to avoid the permanent loss of capital. ‘ It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. We can see that Datang International Power Generation Co., Ltd. (HKG: 991) uses debt in his business. But should shareholders be concerned about its use of debt?

Why Does Debt Bring Risk?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) situation is where a company has to dilute its shareholders at a cheap share price just to get its debt under control. That said, the most common situation is where a business manages its debt reasonably well – and to its own advantage. The first thing to do when considering how much debt a business uses is to look at its cash flow and debt together.

See our latest analysis for Datang International Power Generation

What is the debt of Datang International Power Generation?

The graph below, which you can click for more details, shows that Datang International Power Generation had CN 148.9 billion debt in June 2021; about the same as the year before. However, given that it has a cash reserve of CNN 9.86 billion, its net debt is lower, at around CNN 139.0 billion.

SEHK: 991 History of debt to equity September 19, 2021

A look at the responsibilities of Datang International Power Generation

The latest balance sheet data shows Datang International Power Generation had CN 76.2 billion liabilities due within one year, and CN 113.4 billion liabilities due after that. In return, he had CN 9.86 billion in cash and CN 20.3 billion in receivables due within 12 months. Thus, its liabilities exceed the sum of its cash and (short-term) receivables by 159.3b CN.

This deficit casts a shadow over the CN ¥ 43.4b company, like a colossus towering above mere mortals. We therefore believe that shareholders should watch it closely. Ultimately, Datang International Power Generation would likely need a major recapitalization if its creditors demanded repayment.

We use two main ratios to inform us about the levels of debt compared to earnings. The first is net debt divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), while the second is the number of times its profit before interest and taxes (EBIT) covers its interest expense (or its coverage of interest, for short). Thus, we consider debt versus earnings with and without amortization charges.

Datang International Power Generation has a rather high debt to EBITDA ratio of 5.4, which suggests significant leverage. However, its interest coverage of 3.5 is reasonably strong, which is a good sign. Fortunately, Datang International Power Generation has increased its EBIT by 2.1% over the past year, slowly reducing its debt to earnings. When analyzing debt levels, the balance sheet is the obvious starting point. But it is future profits, more than anything, that will determine Datang International Power Generation’s ability to maintain a healthy balance sheet in the future. So, if you want to see what the professionals think, you might find this free analyst earnings forecast report interesting.

But our last consideration is also important, because a business cannot pay its debts with paper profits; he needs hard cash. It is therefore worth checking to what extent this EBIT is supported by free cash flow. Over the past three years, Datang International Power Generation has recorded free cash flow totaling 83% of its EBIT, which is higher than what we normally expect. This puts him in a very strong position to pay off the debt.

Our point of view

To be frank, Datang International Power Generation’s net debt to EBITDA and track record of controlling its total liabilities make us rather uncomfortable with its debt levels. But on the positive side, its conversion from EBIT to free cash flow is a good sign and makes us more optimistic. Overall, we think it’s fair to say that Datang International Power Generation has enough debt that there is real risk around the balance sheet. If all goes well, this should increase returns, but on the other hand, the risk of permanent capital loss is increased by debt. There is no doubt that we learn the most about debt from the balance sheet. But at the end of the day, every business can contain risks that exist off the balance sheet. To this end, you should inquire about the 3 warning signs we spotted with Datang International Power Generation (including 1 which is of concern).

At the end of the day, it’s often best to focus on businesses with no net debt. You can access our special list of these companies (all with a history of profit growth). It’s free.

If you are looking to trade a wide range of investments, open an account with the cheapest platform * approved by professionals, Interactive brokers. Their clients from more than 200 countries and territories trade stocks, options, futures, currencies, bonds and funds around the world from a single integrated account. Promoted

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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Australians are working a lot more from home because of pandemic – and it sucks | Greg Jericho Sat, 18 Sep 2021 20:01:00 +0000

WWorking from home is great because it eliminates travel, gives you more time to be with your family, and puts an end to distracting discussions with coworkers that reduce your productivity. The only problem is, it really sucks.

It sucks because it takes the commute away and blurs the lines between work and family life, and it ends the possibility for you to have fun chats with your coworkers.

If, like me, you’re one of the many people confined to South East Australia, you’ll find a lot of familiar stuff in the Productivity Commission’s Working from Home report released this week.

Before the pandemic, about 20% of all businesses had staff working from home; since the pandemic which rose to 44%. The commission argues that we are unlikely to return to pre-pandemic levels.

If the graph does not appear, click here

So get used to longer days.

A study cited in the report found that the length of the average workday increased by about 8%, or nearly 49 minutes, from pre-pandemic levels.

This highlights that for all the advantages of working from home, there are many disadvantages.

The most common way for many to read the report is by tweet click bait by the ABC asking “Would you take a pay cut to continue working from home?” “.

If, like everyone who responded to the tweet, you shout out a version of “Oh fuck, no! Just know that even the Productivity Commission agrees with you.

Rather than suggesting that we would agree to a pay cut, the report simply noted that “experimental data” from the United States suggests that it may be. But the commission concluded rather dismissively that “evaluations expressed in surveys do not always translate into real-world behavior” and that “nominal wage cuts are rare”.

As such, he doubted “that a negotiated pay cut was a realistic outcome.”

Of course, there are “some” people who would choose lower paying work if it allowed them to work from home, but the report concluded that “this is unlikely to be widespread.” And given that working from home will ultimately increase productivity, the commission suggested that the wages “of those who work from home are likely to improve.”

The report examined how working from home affects a range of aspects, from productivity and congestion, to occupational health and safety and the well-being of workers.

What he found was a lot of pros and cons.

He notes, for example, that fewer interruptions from colleagues increases productivity, but also that working from home reduces productivity due to distractions or a lack of suitable workspace, and that because you engage in less socialization with your colleagues, you suffer from “increased isolation”.

As I’m sure most of you currently on lockdown can attest, working from home also causes a “blurring of the lines between home and work, resulting in overtime and the inability to” turn off “”.

Of course, in reality, the majority of the work cannot be done at home. For the most part, we are talking about managers, professionals and office workers.

The report notes that even if everyone who could work from home one or two days a week did so, it would still mean that only 13% of all hours worked in Australia would be done remotely.

But that doesn’t mean we should ignore the risks to workers.

As long as companies continue to prioritize working from home as a means of cutting costs, the concern will be that it becomes more of a forced rather than negotiated situation.

With working from home the question arises as to who pays – occupational health and safety laws don’t stop just because an employee is working from home, and companies will always be responsible for certain equipment.

Although the salary does not decrease, there will likely be a decrease in the opportunities for advancement, working conditions and workers’ well-being. And all the while, you might be expected to work longer and still be on call.

As such, the commission concludes that “it will be important for businesses, employees and governments to monitor these issues, especially if home work continues to grow.”

Expect working from home to become a much bigger part of the industrial relations debate now.

]]> A very Austrian pandemic from the past | Editorial Sat, 18 Sep 2021 11:00:00 +0000

Do you remember the Austrian economy? In the aftermath of the 2008 financial crisis, a number of conservatives rejected Keynesian economic prescriptions and instead asserted themselves as devotees of the Austrian school, especially Friedrich Hayek.

One wonders how many of these self-proclaimed “Austrians” really knew what they were supporting. Usually, when right-handed people talk about intellectual history, you want to kickstart your fact-checking. For example, Fox News’ Mark Levin has a bestselling book claiming not only that the current American left is in the grip of European Marxists, but more specifically that they are disciples of Herbert Marcuse and the Frankfurt School. – except that he continues to call it the “Franklin School”.

And the idea that there was a titanic intellectual battle in the 1930s between Hayek and John Maynard Keynes is essentially fan fiction; Hayek’s views on the Great Depression did not generate much intellectual interest at the time, and his fame came later, with the publication of his 1944 political tract “The Road to Serfdom”.

Nonetheless, there was an identifiable Austrian analysis of the Depression shared by Hayek and other economists, including Joseph Schumpeter. Where Keynes argued that the Depression was caused by a general deficit in demand, Hayek and Schumpeter argued that we examine the inevitable difficulties in adjusting to the consequences of a boom. In their view, excessive optimism led to allocating too much labor and other resources to the production of capital goods, and a depression was only the economy’s way to reclaim those resources for them.

This view had logical problems: if the transfer of resources from capital goods causes mass unemployment, why did the same not happen when resources were transferred to and from others? industries? It was also clearly at odds with experience: during the Depression and, for that matter, after the 2008 crisis, there was overcapacity and unemployment in just about every industry – no slowdown in some and all. shortages in others.

But this time it’s different. While we don’t hear much about the Austrian economy these days, the pandemic has really produced an Austrian-style reallocation shock, with demand for some things increasing while demand for others plummeting. You can see it even at a macro level: there was a huge increase in purchases of durable goods even as services struggled. (Think about the people who buy stationary bikes because they can’t go to the gym. Hey, I did.)

You can see it even more clearly in the details: record vacancy in the office market, overwhelming shortage of shipping containers.

So we finally have the kind of economic crisis that people like Hayek and Schumpeter mistakenly thought we had in the 1930s. Does that mean we should follow the political advice they gave back then?

That’s the message from an article by Veronica Guerrieri, Guido Lorenzoni, Ludwig Straub and Iván Werning that was prepared for this year’s meeting in Jackson Hole, Wyoming, a major Federal Reserve conference that often produces influential research. . (Fun fact: I’ve been ostracized from Jackson Hole since the early 2000s, when I had the temerity to criticize Alan Greenspan before it was all the rage.) Guerrieri et al. never explicitly mention the Austrians, but their article can nonetheless be interpreted as a refutation of their political prescriptions.

Hayek and Schumpeter were adamantly opposed to any attempt to tackle the Great Depression with monetary and fiscal stimulus. Hayek denounced the use of “artificial stimulants”, insisting that we should instead “allow time for permanent healing through the slow process of adaptation of the production structure”. Schumpeter warned that “any awakening that is simply due to an artificial stimulus leaves some of the work of the depressions unfinished.”

But those conclusions didn’t follow even though you accepted their incorrect analysis of what the Depression was. Why should the need to remove workers from a sector lead to unemployment? Why shouldn’t that just lead to lower wages?

The answer in practice is downward nominal wage rigidity: employers are really reluctant to cut wages because of the effects on worker morale.

However, if wages cannot go down in the sector that is to contract, why can’t they go up in the sector that is to grow? Of course, that would lead to a temporary increase in inflation, but that would be good.

Guerrieri et al. argue, with a formal model in support, that the optimal response to a reallocation shock is indeed a very expansionary monetary policy that causes a temporary spike in inflation. Workers would still be incentivized to change jobs, as real wages would fall in their old job but rise elsewhere. But there would be no need for large-scale unemployment.

Maybe it was obvious from the start – or maybe not, because most of us were so focused on the Austrians’ mistake in diagnosing the problem that we didn’t spend much time thinking about it. to their solution. Now that we finally got the shock that Austrian economists kept imagining, we can see that they were still giving really bad advice.

And in case you were wondering, the Fed, in accepting transitory inflation, is right.

Baleno tops the list, 4 SUVs launch, Auto News, ET Auto Sat, 18 Sep 2021 09:08:00 +0000
Top 5 PV in August

New Delhi: Maruti Suzuki’s Baleno topped India’s best-selling passenger vehicle (PV) ranking in August 2021. However, the number one position follows a sharp decline in the company’s sales of WagonR models and Swift.

The compact hatchback Baleno, which is sold through automaker NEXA’s premium distribution chain, rose 6% to 15,646 units sold in August 2021, while WagonR and Swift, both sold via the ARENA network, fell by 58% and 32%.

Last month WagonR was the best-selling model, followed by Swift and Baleno took third place.

Hyundai’s best-selling Creta SUV model was at number 4 in August, although down 3% month-over-month. In July, the model was in fifth position.

In August, the long-standing shortage of semiconductors or chips hampered production schedules for most automakers. As the industry gradually emerges from the constraints of COVID and prepares for the holiday season, many OEMs have reported declining sales from July to August on a sequential basis.

MoM performance of the 10 best-selling PVs in August 2021

Rank OEM Segment Model National sales (August 2021) National sales (July 2021) MoM% change
1 Maruti Suzuki Compact sedan Baleno 15 646 14 729 6.23
2 Maruti Suzuki Mini hatchback Alto 13 236 12,867 2.87
3 Maruti Suzuki Compact UV Vitara Brezza 12,906 12,676 1.81
4 Hyundai Compact UV Crete 12,597 13,000 -3.10
5 Maruti Suzuki Compact sedan Fast 12 483 18,434 -32.28
6 Maruti Suzuki Hardtop van Eeco 10 666 10,057 6.06
7 Maruti Suzuki Compact sedan WagonR 9 628 22 836 -57.84
8 Kia India Compact UV Seltos 8 619 6,983 23.43
9 Hyundai Compact UV Place 8 377 8 185 2.35
ten Hyundai Compact sedan Large i10 8,023 9 379 -14.46

* Tata Motors’ PV models are not considered as the company only shares quarterly sales data.Interestingly, the number 8 Kia India Seltos nabbed a spot on the Top 10 PV list for the first time in 2021. Hyundai’s Venue also returned to the list after a two-month gap in a row.

For August, the Top PV did not include any models from the sedan segment, reflecting the segment’s gradual decline with changing consumer choices. Maruti Suzuki’s Dzire, who was in the Top 5 for the past six months, also slipped from the list in August.

Maruti Suzuki’s Ertiga minivan, which was in fourth place last month, has failed to record enough sales for the Top 10 list now. The company’s Eeco was number six in August, down from nine in July.

Hyundai’s third model in the Top 10, which is also a competitor to Maruti Suzuki Swift, was the Grand i10 hatchback in tenth position with a decrease of 14% from the previous month.

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Is Savills (LON: SVS) a risky investment? Sat, 18 Sep 2021 09:07:03 +0000

Warren Buffett said: “Volatility is far from synonymous with risk”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can lead to bankruptcy. Like many other companies Savills plc (LON: SVS) uses debt. But the real question is whether this debt makes the business risky.

When is debt dangerous?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, then it exists at their mercy. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) situation is where a company has to dilute its shareholders at a cheap share price just to get its debt under control. Of course, debt can be an important tool in businesses, especially capital intensive businesses. The first thing to do when considering how much debt a business uses is to look at its cash flow and debt together.

See our latest review for Savills

What is Savills’ net debt?

As you can see below, at the end of June 2021, Savills was in debt of £ 374.8million, up from £ 226.2million a year ago. Click on the image for more details. However, his balance sheet shows that he holds £ 481.5million in cash, so he actually has net cash of £ 106.7million.

LSE: SVS History of debt to equity September 18, 2021

A look at the responsibilities of Savills

Zooming in on the latest balance sheet data, we can see that Savills had a liability of £ 821.2million due within 12 months and a liability of £ 437.2million beyond. In compensation for these obligations, it had cash of £ 481.5 million as well as receivables valued at £ 456.0 million maturing within 12 months. As a result, its liabilities exceed the sum of its cash and (short-term) receivables by £ 320.9 million.

Given that Savills has a market cap of £ 1.92 billion, it’s hard to believe these liabilities pose a big threat. But there are enough liabilities that we would certainly recommend that shareholders continue to monitor the balance sheet going forward. Despite her notable liabilities, Savills has a net cash flow, so it’s fair to say that she doesn’t have a heavy debt load!

The good news is that Savills increased its EBIT by 3.4% year over year, which should allay concerns about debt repayment. When analyzing debt levels, the balance sheet is the obvious starting point. But ultimately, the company’s future profitability will decide whether Savills can strengthen its balance sheet over time. So if you are focused on the future you can check out this free report showing analysts’ earnings forecasts.

Finally, a business needs free cash flow to repay its debts; accounting profits are not enough. Savills may have net cash on the balance sheet, but it’s always interesting to see how well the business converts its earnings before interest and taxes (EBIT) into free cash flow, as this will influence both its need and its ability to manage debt. Fortunately for all shareholders, Savills has actually generated more free cash flow than EBIT over the past three years. This kind of solid money conversion makes us as excited as the crowd when the beat drops at a Daft Punk concert.

In summary

While Savills’ balance sheet is not particularly strong, due to total liabilities it is clearly positive that it has net cash of £ 106.7million. And he impressed us with free cash flow of £ 256million, or 129% of his EBIT. So is Savills debt a risk? It does not seem to us. There is no doubt that we learn the most about debt from the balance sheet. But at the end of the day, every business can contain risks that exist off the balance sheet. We have identified 2 warning signs with Savills and understanding them should be part of your investment process.

Of course, if you are the type of investor who prefers to buy stocks without going into debt, feel free to check out our exclusive list of cash net growth stocks today.

If you decide to trade Savills, use the cheapest platform * which is ranked # 1 overall by Barron’s, Interactive brokers. Trade stocks, options, futures, currencies, bonds and funds in 135 markets, all from one integrated account. Promoted

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By Online Annual Review 2020

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To the. Judge Sends Loan Action Against Tribal Co. to Arbitration Sat, 18 Sep 2021 01:12:00 +0000
By Andrew Westney (September 17, 2021, 9:12 p.m. EDT) – An Alabama federal judge has referred to arbitration a woman’s proposed class action claiming that a company owned by the Oglala Sioux tribe charged excessive interest for online loans, claiming that his own victory against the company did not allow him to pursue his broader claims in federal court.

U.S. District Chief Justice Kristi K. DuBose, in an order, on Thursday approved an American Arbitration Association panel ruling that Alabama resident Lillian Easley’s loan contracts with the company WLCC II, which operates as the online lender Arrowhead Advance, were void.

But Judge DuBose rejected Easley’s offer to file claims for a proposed class of Alabama loan clients who …

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Dáil’s bitter and binary rows ignore bigger issues Sat, 18 Sep 2021 00:00:37 +0000

If there’s one thing the Dáil cover tells us, it’s that the return of politics in person to Leinster House this week will change the way business is done. On Wednesday night, the socially distanced chamber of the Dáil was far more visible than the cavernous Convention Center, and the fierce and personal nature of the Fine Gael-Sinn Féin dealings during the confidence debate was a sign of things to come. This gives the impression of a policy that will be bitter and binary between the two biggest parties.

It suits both to have him like that, of course. But there is enough electoral evidence to suggest that no matter what the media talk this may give, voters know and appreciate the fact that their choices extend far beyond the two so-called duopolies. Fine Gael won 21% of the vote in the 2020 general election; Sinn Féin won 24.5. That’s 54.5 percent of voters who did not vote them. In the Dublin Bay South by-election in June, the two parties combined won 42 percent of the vote. No matter how hard they both claim that the choice is one or the other, voters just don’t buy it.

This fact, as well as the spectacle of the Dáil divided over the week, prompts a number of observations which I think are relevant to the current state and likely future trajectory of Irish politics.

The first is that if Sinn Féin is to lead a left-wing government after the next election, the party will not only have to maintain and improve on its current impressive run in the polls – other left-wing parties will have to improve, too. Moreover, they will have to subscribe to the same general policy platform that Sinn Féin espouses, if there is to be the basis of an agreed program for the government and a viable coalition. In other words, Sinn Féin needs to build bridges with the rest of the left. Given the Irish left’s tendency to bitterly divide – witness the Social Democrats’ fierce antipathy to any discussion of a merger with the Labor Party – one can only say: good luck.

Government vs opposition

The second is that Fine Gael, if it is to continue to play a central role in Irish politics, must make its partnership with Fianna Fáil work. There is a school of thought within the party that suggests it is “too long in government” and “needs a spell in the opposition” to renew and rejuvenate its ranks. Stuff and nonsense. Any party worthy of the name should want to be in government; this is where you do things, keep your promises, make a difference, implement change (for better or for worse). Governments can do; oppositions only speak. The Fine Gael, if everyone keeps their word, will be in government for another 3 and a half years, so it’s early enough to start talking about getting into the opposition. Much like you-know-who, the Fine Gael sought out and was given a job by the Irish. The electorate will not agree too kindly if the Fine Gael, for whatever reason, gives up on doing so.

Any party worth its salt should want to be in government. Governments can do; oppositions do nothing but talk

The third observation is that despite all the noise and fury of Wednesday night, Fine Gael and Sinn Féin are more comfortable facing each other than facing the challenges and choices facing the country. The truth is that the country will have to make fundamental decisions in the months to come as to which path it wishes to take, both nationally and internationally. Sinn Féin and Fine Gael don’t really want to talk about themselves: they’re happier kicking each other. But that doesn’t mean that the choices and decisions will disappear.

There is taxation: as Paschal Donohoe’s wrinkled forehead attests, Ireland is under relentless pressure on its corporate tax system. Reports in The Irish Times This week, the fact that pharmaceutical giant Abbott continues to use a structure using Dublin and Malta to avoid (legally) taxes has not gone unnoticed in EU capitals. Donohoe and the government soon face massive decisions with implications that will last for decades.

Military capability

There’s defense: Whether we like it or not, Irish neutrality as we know it is also likely to come under pressure as EU members push for more defense cooperation. The unilateral exit of the United States from Afghanistan has confirmed for many EU members the need for a European military capability, which will be politically difficult for any Irish government. But just because it’s complicated for Dublin doesn’t mean it won’t happen.

Fianna Fáil and Fine Gael’s commitment to Sláintecare has always been a mile wide and an inch deep

And at home, there are also difficult choices to make when it comes to health. The recent resignations of Sláintecare executives show a program that – perhaps understandably after the pandemic – stutters at best. In truth, Fianna Fáil and Fine Gael’s commitment to Sláintecare has always been a mile wide and an inch deep. This has been extremely useful as a way to neutralize health as a political issue: the answer everyone gave to every health question during the last election campaign was “We will implement Sláintecare”.

But on the politically difficult elements of the reform program – such as the elimination of private health insurance benefits – the two old parties, and many of the senior officials, have been clearly reluctant. But if this government, or any other, wants to move forward, it will have to move forward by turning the screws on private health insurance.

The array of tough choices ahead in climate action alone could fill a column. Just like the budget choices that are looming. But nobody wants to talk about all this. It’s easier to talk about trash with other guys. At one point in Wednesday night’s trade, someone shouted loudly “Bulls ** t!” That’s about it, okay.

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Extract from Bancorp’s fifth third ESG 2020 report: retaining employees Fri, 17 Sep 2021 18:17:08 +0000

Posted 11 hours ago

Proposed by Fifth Third Bancorp

As part of our ongoing commitment to inclusion and diversity, Fifth Third’s total compensation programs are founded on a philosophy that ensures all employees are paid fairly and equitably, and in accordance with the law.

Our compensation philosophy is designed to:

  • Attract and retain the best and most successful talents who will guide our business strategy;
  • Effectively manage risk through incentive programs designed to reward performance;
  • Take into account applicable regulatory expectations as well as our corporate values ​​and behavioral expectations when awarding compensation;
  • Align with creating long-term shareholder value.

We constantly analyze our remuneration, taking into account factors such as the role of the employee, seniority, time spent in office and geography. Our analysis shows that on average, women are paid more than 99% of what men are paid, and minorities are paid more than 99% of what non-minorities are paid. We also continuously review our compensation programs and practices to ensure that all employees have an equal opportunity to maximize their potential. In the unlikely event that we encounter a wage disparity that is not explained by job-related factors, an adjustment is made.

Each year, we use competitive benchmarking data provided by the best consultants in the industry to ensure the continued competitiveness of our Total Rewards program, including base salary ranges and short and long term incentives. In 2019, we increased our minimum hourly wage from $ 15 to $ 18. This has benefited approximately 4,900 employees, or nearly 25% of our workforce, primarily in retail branches and operational functions such as customer contact centers. In our areas of Ohio, Michigan and Illinois, our minimum wage is up to 200% higher than the state minimum wage *. It represents an additional investment by the Bank of approximately $ 15 million per year to help our employees succeed at work and at home.

Fifth Third also continues to honor a blanket salary history ban, which means we will not ask for a candidate’s current salary to be used as a factor in determining a job posting. This approach allows us to immediately reduce historical gender or racial wage inequalities.

In addition to compensation, Fifth Third offers a holistic range of benefits that demonstrate our commitment to the physical, financial and personal health and well-being of our employees.

We offer traditional competitive and comprehensive benefits, including medical, dental and vision insurance (benefits and eligibility vary for full-time and part-time employees who are required to work 20 or more hours per week). Medical plans cover preventive screenings 100% because we know that early detection delivers the best results. One-third preventive screening rates for breast cancer and prostate specific antigen exceed industry benchmarks.

Our myWellness program offers employees the opportunity to earn up to $ 1,800 per year to participate in financial and physical wellness activities, ranging from completing annual preventive exams to participating in staged challenges or participation in financial planning webinars. Employees are supported in their wellness journey by a network of 200 Fifth Third employees who volunteer as Wellness Champions. Membership in fitness facilities as well as programs like WW (formerly Weight Watchers) are also subsidized.

Helping employees improve and maintain their mental well-being is supported by our Employee Assistance Program. Employees and their family members can receive up to six confidential counseling sessions per year and can also take advantage of a user-friendly app with a variety of wellness-related tools. Personalized coaching and resources from program partners who support our employees and their families are also available.

Like our clients, our employees seek advice to achieve their financial goals. Our financial wellness program provided by Ayco provides employees and their spouses / partners with personal financial coaching, educational tools and resources. Educational tools for student debt and refinancing options were recently launched to employees through our partnerships with Empower Retirement, our 401 (k) provider, and CommonBond, a leading financial technology company.

Fifth Third offers a 401 (k) pension plan that pays up to 7% of an employee’s compensation. Employee participation in the plan increased from 80% to 83% in 2020, and all employees can contribute up to the maximum authorized by law. A variety of investment options are available to employees through the plan’s core funds and a self-directed brokerage feature. When employees need time off, our programs are ready to help.

Parental Liaison Leave allows all eligible full-time and part-time employees who welcome a new child to benefit from four weeks of leave with full pay to bond with their child. The leave is intended for both mothers and fathers and includes new family additions through birth, adoption, foster care and surrogacy. This is in addition to the maternity leave allowance of six to eight weeks. Our enhanced paid military leave policy provides for 20 days off per year; in comparison, the federal government offers 15 days of paid military leave per year. This benefit provides paid leave for any type of military service, including exercises and training. The policy allows employees to serve our country while continuing to support their families and pursue their career paths.

To help employees navigate their business and personal priorities, Fifth Third is partnering with Best Upon Request to provide a free, virtual or on-site concierge for employees. The service helps employees manage a variety of personal tasks such as shopping, travel coordination and more while meeting their work obligations. Our Maternity Concierge offers unique and innovative support to future parents, women on maternity leave, adoptive parents and guardians with children up to 1 year old. The service assists with a number of services, including finding childcare options, planning wellness tours, and planning birthday parties.

Our supportive care program, offered by Bright Horizons, provides access to high quality supportive care for children, adults and elderly family members of employees in the event of a disruption or disruption in service. normal treatment modalities. Home and center options are available depending on location. All employees are entitled to 15 days of supportive care per calendar year with a nominal co-payment. In 2020, employees were given double the number of days (up to 30) available to help manage the uncertainty that has persisted in the face of the pandemic. We also waived the co-payment in March and April 2021. This emergency care program, as well as the maternity concierge program, our virtual and on-site concierges, our liaison parental leave, the reimbursement policy of the adoption and other family benefits, help support employees and their families as they travel through the obligations of their personal and professional lives. Since the launch of the Back-up Care program in June 2020, 585 employees have registered to take care of 809 children, adults or the elderly. Over 1,100 days of care were used, saving nearly 682 working days for employees. Cincinnati employees can take advantage of the Bright Horizons at Madisonville Childcare Center, which opened in March 2020 and serves infants and children through kindergarten. Due to the pandemic, the center closed shortly after opening and then reopened in July. Once the COVID restrictions are lifted, the center can accommodate 80 to 90 children.


Please refer to the social section of this report for important steps Fifth Third is taking to provide employees with a sense of safety, security and certainty during the COVID-19 pandemic. Our Maternity Concierge helps with a number of services, including finding childcare options, planning wellness visits, and planning parties.

For more information on how Fifth Third Bancorp engages, develops, retains and attracts employees, please read the full Fifth Third Bancorp Environment, Social and Governance Report 2020.

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Michigan students wearing Blackface raise community concern Fri, 17 Sep 2021 13:06:07 +0000

Blackface-clad students at a football game at Ionia High School have raised concerns in the community.

Lindsey McKee, a local social worker, was also in the student cheering section when she spotted onlookers with black face paint. She submitted the video to ABC-13 in Grand Rapids.

“We were immediately like ‘Oh my gosh they can’t do this’,” she told the TV station in the video below, “especially with everything going on, besides this ‘is just racist. “

McKee noted that the September 10 game was considered a “ban” game and acknowledged that the colors of the Ionia Bulldogs’ school are black and blue. Still, she was troubled that school officials saw nothing wrong with the students dressed in blackface.

“There were several administration staff watching the crowd and they didn’t ask them to remove the blackface or durag,” she added, “they just accepted it saying that it was a “blackout” game. “

In a statement, school principal Ben Gurk said the district promotes an environment free from racism and said the students were just trying to show support for their team.

“The administrators investigated and determined that this was an effort by the students to support their bulldogs by wearing black eye paint and / or a black outfit …”

McKee says she hopes the students weren’t trying to be racist or offensive.

“I’ve seen how it affects people’s mental health and how it can really tear people apart when they’re almost mocked and mocked just for their skin color and culture,” McKee said.

Discover the Harper House, a rare Frank Lloyd Wright home in Michigan

The Harper House is a gorgeous home with an incredible view of Lake Michigan. It is believed to be one of the few Michigan homes designed by legendary architect Frank Lloyd Wright.

There are conflicting accounts of the age of the house online; it was built in 1950 or 1959. If the latter is true, that would make it the last house in Michigan to be designed by Wright.

According to the list, it includes Tidewater Cypress and Chicago Common Brick, mitered glass corners, several built-in furniture, cedar-lined cupboards, and more. It is simply breathtaking.

The property is notorious for being rarely put on the market, but it has just been listed for sale by Anne Gain of @Properties.

LOOK: What important laws were passed in the year you were born?

The data in this list was acquired from reliable online sources and media. Read on to find out which major law was passed in the year you were born, and learn its name, vote count (if any), impact, and meaning.

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