Covid-19 brings English Leagues One & Two to premature end

first_img Subscribe to the iGaming newsletter Email Address The English Football League (EFL) has announced that Leagues One and Two, the third and fourth divisions in the country’s football pyramid, come to an immediate halt.The governing body of English football outside of the Premier League said the clubs in each league voted “by an overwhelming majority” to end the 2019-20 season.Play had been suspended since 13 March as a result of the novel coronavirus (Covid-19) pandemic, and while League Two teams had shown a preference to end the season, discussions with League One clubs failed to reach a consensus.Most League One clubs had played 34 or 35 out of their 46 fixtures, with League Two teams playing 36 or 37 out of the 46.The clubs today (9 June) voted on the EFL’s proposal to end the season, with final placings determined based on unweighted points per game if required. This saw promotion and relegation retained, with play-offs going ahead as planned.This means League One sides Coventry City and Rotherham United are promoted to the Championship, the second tier of the English football pyramid, with Wycombe Wanderers, Oxford United, Portsmouth and Fleetwood Town competing in the play-offs.The three bottom-placed teams, Tranmere Rovers, Southend United and Bolton Wanderers, are relegated to League Two.From that division, Swindon Town has been declared champions, with Crewe Alexandra and Plymouth Argyle automatically promoted. Cheltenham Town, Exeter City, Colchester United and Northampton Town will all compete in the play-offs, which begin from Thursday 18 June.Stevenage are currently propping up the bottom of the division, and facing relegation to the National League. However, the club could be granted a reprieve if Macclesfield Town is deducted points for failing to pay players, which would push them to the bottom of the league to be relegated in Stevenage’s place.“Whilst it has always remained the board’s position to play the remainder of the season where possible, the decision reached at today’s meeting follows a full and considered consultation period with our member clubs,” EFL chair Rick Parry explained. “The board has endeavoured to listen to all views and alternative approaches but understands that the decisions taken will not be met with universal satisfaction from all clubs“Today’s outcome ensures that the league and its clubs remains as faithful as possible to the previously agreed regulations and that there is consistency in the approach adopted across the EFL in all divisions if required.”Parry added that the challenges faced by clubs as a result of Covid-19 were “unprecedented”, and thanked clubs’ contributions in making a final decision on ending the competitions.In related news the second tier of the English football pyramid, the Championship, yesterday (8 June) set out its plans for resumption, with the first round of matches scheduled to take place from 20 June. Of the league’s remaining 108 games, 30 will be broadcast live on Sky Sports, with all games streamed on club websites for season ticket holders.English Premier League, meanwhile, is due to restart on 17 June, with Aston Villa taking on Sheffield United, and reigning champions Manchester City playing Arsenal. Topics: Sports betting 9th June 2020 | By contenteditor Covid-19 brings English Leagues One & Two to premature endcenter_img The English Football League (EFL) has announced that Leagues One and Two, the third and fourth divisions in the country’s football pyramid, come to an immediate halt. Regions: UK & Ireland Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

ART Holdings Limited HY2014 Interim Report

first_imgART Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Paper & Packaging sector has released it’s 2014 interim results for the half year.For more information about ART Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the ART Holdings Limited ( company page on AfricanFinancials.Document: ART Holdings Limited (  2014 interim results for the half year.Company ProfileAmalgamated Regional Trading Holdings Limited (ART) manufactures and distributes products in three key categories paper products, stationary and batteries. Its product portfolio is diverse; ranging from tissue paper, sanitary ware and disposable napkins to writing pens and automotive, solar and standby batteries. Its products fall under the brand names Exide, Eversharp, Softex and Chloride. The company also has substantial interests in timber plantations and offers forestry resources management services. ART has a southern African footprint, with a strong presence in Zimbabwe, Zambia, Malawi and South Africa. Formerly known as Beachmont Trading Limited, its name changed to Amalgamated Regional Trading Holdings Limited in 2001. The company is a subsidiary of Taesung Chemical Company Limited and its headquarters are in Harare, Zimbabwe. Amalgamated Regional Trading Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

CIC Insurance Group ( 2016 Abridged Report

first_imgCIC Insurance Group ( listed on the Nairobi Securities Exchange under the Insurance sector has released it’s 2016 abridged results.For more information about CIC Insurance Group ( reports, abridged reports, interim earnings results and earnings presentations, visit the CIC Insurance Group ( company page on AfricanFinancials.Document: CIC Insurance Group (  2016 abridged results.Company ProfileCIC Insurance Group is a leading insurance company offering products and services for general and life insurance through operations in Kenya, Sudan and Uganda. The company also provides solutions for fund and asset management and private equity investment. Its product offering covers needs relating to motor, marine, agriculture, personal accident, school products, customised products, travel, domestic package, property, theft, fire and consequential loss and sports injury insurance. Its life assurance division covers areas ranging from group life and keyman plans to family protection, loan guard insurance, pension, board member and universal endowment plans. CIC Insurance Group has expertise in corporate, family, health and asset management as well as equity, balanced, fixed income and money market fun management. The company invests in equity and government securities, properties and loans and serves retail and corporate entities. Founded in 1968 and formerly known as The Co-Operative Insurance Company of Kenya, the company changed its name to CIC Insurance Group in 2010. Its head office is in Nairobi, Kenya. CIC Insurance Group is listed on the Nairobi Securities Exchangelast_img read more

Mechanical Lloyd Company Limited ( 2016 Annual Report

first_imgMechanical Lloyd Company Limited ( listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2016 annual report.For more information about Mechanical Lloyd Company Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mechanical Lloyd Company Limited ( company page on AfricanFinancials.Document: Mechanical Lloyd Company Limited (  2016 annual report.Company ProfileMechanical Lloyd Company Limited markets and distributes motor vehicles and farm machinery in Ghana. The company has the exclusive agency for BMW (cars and motorbikes), Ford and Land Rover as well as Massey Ferguson agricultural machinery and Lucas products. Mechanical Lloyd company also sells motor spares and parts and has a services department for repair and maintenance of motor vehicles and farm machinery. The company was formerly known as Technical Lloyd and changed its name to Mechanical Lloyd Company Limited in 1970. The company’s head office is in Accra, Ghana. Mechanical Lloyd Company Limited is listed on the Ghana Stock Exchangelast_img read more

Stock market crash: 2 of the best UK shares I’d buy in an ISA for the new bull market

first_img Image source: Getty Images. Stock market crash: 2 of the best UK shares I’d buy in an ISA for the new bull market See all posts by Royston Wild 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. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. It’s certainly true that demand for UK shares has picked up  following the 2020 stock market crash. With many top-quality stocks trading at bargain-basement prices this isn’t a huge shock. Still, I’ve been somewhat surprised that the scale of dip-buying hasn’t been larger.It’s clear that the global economy faces significant challenges in the near term and beyond. A long hangover following the Covid-19 outbreak appears in store for us, while other obstacles to growth include a botched Brexit process and a messy post-election landscape in the US. But make no mistake: the bull market is coming, whether it takes days, weeks or months to arrive. 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…There are plenty of terrific stocks that should thrive during the 2020s. History shows us that UK share prices always come roaring back following a serious shock. And this allows those who buy shortly after crashes to make a fortune during the subsequent rally.2 of the best ISA buys for the economic recoveryWith this in mind let me talk you through two top-class UK shares I’m thinking of buying for my Stocks and Shares ISA. I expect them to surge in value as the economic recovery clicks through the gears:Manufacturers of automobiles and car parts are some of the quickest to rise in value when economic conditions improve. This is partly because they are typically among the shares that fall the hardest during a stock market crash. Consequently they become popular recovery plays. I reckon Trifast is a top UK share to ride the bull market. This business produces bolts, screws and other fastenings for a variety of applications. And it sources more than a third of revenues from the automotive market. Trifast also manufactures components for electronic products and domestic appliances, other sectors that tend to recover strongly during the early stage of the economic cycle.Media companies also enjoy handsome share price growth during the start of an economic recovery. This is because advertising revenues tend to rebound quickly when the outlook for consumer spending picks up. As a result, I think newspaper publisher Reach could soar before too long. I also like this particular UK share because of the efforts it’s making to embrace the fast-growing digital marketplace. Today Reach trades on a forward price-to-earnings (P/E) ratio of just 3 times and carries a 6.6% dividend yield. It’s thus worth serious attention from value investors, I feel.Helping you get rich with UK sharesSo I think Trifast and Reach could make investors a fortune during the economic recovery. But they’re not the only UK shares I’m expecting to soar in value. The Motley Fool’s huge catalogue of exclusive reports can help you find even more top stocks for the new bull market. What’s more, they’re completely free and can be sent straight to your inbox. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Simply click below to discover how you can take advantage of this. Royston Wild | Tuesday, 20th October, 2020 Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Addresslast_img read more

Have pride in your neighborhood and the funds to show it

first_img Please enter your name here Support conservation and fish with NEW Florida specialty license plate TAGSCommissioner Bryan NelsonNeighborhood Pride GrantOrange County Previous article5 ways to make your vehicle more fuel efficientNext articleLegislature may be slamming the brakes on red light cameras Denise Connell RELATED ARTICLESMORE FROM AUTHOR The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your comment! You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Orange County offering “Neighborhood Pride” GrantsFrom Bryan Nelson, District Two Commissioner of Orange County If you are looking for a funding opportunity to beautify and revitalize your neighborhood or assist a community organization, Orange County may be able to help. This is made possible through the Neighborhood Pride Grants; a grant based effort to revamp existing Orange County Neighborhood facades and communities. The Neighborhood Pride grants have been providing funding for Orange County communities since 2002. Throughout those years, these grants have helped to improve hundreds of community buildings and neighborhoods throughout Orange County. Neighborhood Pride grants were developed not only to provide physical and social improvements to neighborhoods, but also to raise property values and create a long lasting sense of pride around the restored properties. These grants are awarded and administered through the Neighborhood Preservation and Revitalization Division; a component of the Orange County Government created with the express purpose of facilitating the establishment and maintenance of community organizations in addition to serving as a valuable community resource.Commissioner      Bryan NelsonThere are six types of neighborhood pride grants available. Each of these was created with a specific interest and purpose in mind. Of these grants, one of the most popular grants is the Entrance Way Grant. This grant awards anywhere from $1,500 to $5,000 for eligible residents who need their entryway revitalized. Eligible projects for this grant can include new entryway signs, pressure washing, painting, new ground lighting, and fence repairs.The Capital Improvement Grant provides funding for projects that are geared towards improving common or recreational areas. Potential projects can include things such as new playgrounds, picnic tables, pavilions, and gazebos. Funding amounts typically range from $6,000 to $10,000 or up to 50% of the total project cost.Another major grant is the Wall Repair Grant. Neighborhoods and communities that have problems with existing walls in need of structural repairs and happen to be located adjacent to major thoroughfares may be eligible to apply for this grant. Eligible repairs may receive up to a 100% reimbursement for wall repairs not to exceed $20,000.At this point, you may be wondering about your eligibility for such grants. If you are an organized neighborhood homeowners association, nonprofit, or council located within Orange County you are eligible to apply, provided you meet the required criteria. Additionally, you must be registered with the Orange County Neighborhood Preservation and Revitalization Division. If you are new to grant writing and need further assistance to help with the process, Orange County does offer a free grant workshops where attendees can ask questions and learn about the application process.Another assistance program administered through the Neighborhood Preservation and Revitalization Division is the Business Assistance for Neighborhood Corridors (BANC) Program. BANC provides funding for small business in target corridors for beautifying and revitalization projects. Under the BANC program, small business can apply for the Façade Improvement Grant. This grant reimburses up to $5,000 to upgrade or improve the exterior of a business. Examples of projects include exterior painting, signage, landscaping, repair/replace windows, doors, awnings, stucco, and siding.In or order for your business to be eligible you must have fewer than 500 employees, the person applying must own or lease the property applying for the grant, and the business must have a certificate of occupancy, liability insurance, and provide proof of tax status (W-9).If you interested in applying for any of the above grants, please keep in mind that applications for these grants are only considered from October through June of each year. For more information regarding these grants as well as additional eligibility criteria, please visit and simply search for neighborhood pride grants You may also call the Neighborhood Preservation and Revitalization Division at 407-836-5606. If you have any further questions or concerns, feel free to contact the Orange County District 2 office at 407-836-5850 or [email protected] Save my name, email, and website in this browser for the next time I comment.last_img read more

Project Franklinford / Modscape

first_imgSave this picture!© John Madden+ 13 Share “COPY” Project Franklinford / ModscapeSave this projectSaveProject Franklinford / Modscape Houses 2017 Project Franklinford / Modscape Projects CopyHouses•Australia ArchDaily ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Architects: Modscape Year Completion year of this architecture project Year:  “COPY” Photographs:  John Madden Manufacturers Brands with products used in this architecture project CopyAbout this officeModscapeOfficeFollowProductsWoodGlass#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAustraliaPublished on December 17, 2017Cite: “Project Franklinford / Modscape ” 17 Dec 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesSynthetics / AsphaltMitrexSolar RoofMetal PanelsAurubisCopper Alloy: Nordic RoyalPlumbingSanifloGreywater Pump – Sanifast®SWH190WoodLunawoodInterior ThermowoodMembranesEffisusAVCL Systems for FacadesSinksCosentinoBathroom Collection – Silestone® WashbasinsDoorsStudcoPocket Door Trims – CavKitWoodStructureCraftEngineering – Architectural & FreeformMetal PanelsRHEINZINKPanel Surface Finish – prePATINA-LineHanging LampsEureka LightingSuspended Lights – BloomMetallicsBaileyFacade Systems- I-Line Snap-On Feature ChannelMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Australia ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Manufacturers: Fairview Architectural, Plank, Thermeco, Radial TimbersSave this picture!© John MaddenRecommended ProductsWindowspanoramah!®ah!38 – FlexibilityWindowsJansenWindows – Janisol PrimoDoorsC.R. LaurenceCRL-U.S. Aluminum Entice Series Entrance SystemEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAText description provided by the architects. Sitting peacefully in an open field, this off-the-grid sustainable house captures the views without compromising on environmental performance. Located at Franklinford in Victoria’s Central Highlands, the four-bedroom home is shared between two families, providing a gathering place for the extended family and a place to relax and relish the joys of rural life. Taking its cues from agricultural buildings in the surrounding farmland, this modular home is predominantly clad in Colorbond with accents of Vitrabond. Yet upon approach, it’s the radially sawn timber board & batten clad form that commands attention. This beautifully textured façade conceals the calm rural retreat, with the long form providing a sense of enclosure and privacy.Save this picture!© John MaddenInternally, a light material palette makes for a crisp and spacious home. Rooms are washed in white, a marble-effect Caesarstone benchtop is selected, and white laminate joinery is used throughout. These elements create a beautiful contrast to the dark oak timber floors. The large living wing, separated from the private bedroom wing, is the focal point of the home. Living and entertaining spills outdoors thanks to expansive floor-to-ceiling glazing opening up to a north-facing, sun-drenched deck. Views of the surrounding paddocks and creek are captured the moment you walk in the front door. The window itself becomes an ideal space to put your feet up and relax.Save this picture!© John MaddenSave this picture!Ground Floor PlanSave this picture!© John MaddenBeing a rural property, a mudroom laundry with external access was a must –a seat was even included in the joinery brief so that you can take off your dirty boots before heading indoors. The house is completely off-grid with all services systems designed to not compromise on the clients’ lifestyle. A nearby shed hosts the solar panel and storage system and a large 80,000L water tank are in use. Like all Modscape modular homes, Structural Insulated Panels (SIPs) have been incorporated to create a highly-insulated shell. The house has been oriented to capture the sunlight in winter, particularly in the large living area where the families spend the majority of their time. Carefully considered eaves together with thermally broken, low-e double-glazed windows which minimises solar heat gain in summer.Save this picture!© John MaddenProject gallerySee allShow lessIFSI / philippe gibert architecteSelected ProjectsChico & Chica House / Cho and PartnersSelected Projects Share Photographslast_img read more

AFP sets up assistance blog for nonprofits hit by Hurricane Katrina

first_img 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 Researching massive growth in giving. Howard Lake | 6 December 2006 | News 7 Sep 2005 I sent out a message to all AFP members on September 2, letting them know what the organization was doing in response to Hurricane Katrina. I have received hundreds of emails from concerned members in support of their colleagues. As a result we are setting up a Web log (blog) as another communications tool to connect AFP members with those members in the affected areas. You can reach the blog at Advertisement AFP sets up assistance blog for nonprofits hit by Hurricane Katrina  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Tagged with: Digital AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis We’ve sent out a personal email to our 180 members in the areas most affected by Hurricane Katrina, asking them to share their professional needs with us. As we hear from these members, we’ll compile and share their needs with everyone else through this blog and also ask them to participate directly if possible. In the meantime if you have information about members in the affected areas and are authorized to share that information, please post that on the blog as well. We’ve been getting inquiries about specific AFP members from their colleagues, and we’d like to report on everyone’s well being. I have received emails from AFP members who wanted to help – some had office space to donate to affected nonprofits, while others had job openings they wished to share with affected fundraising professionals. We intend to establish a clearinghouse for that type of assistance and this blog is part of that process.I have also been in touch with several executive recruiting firms that have agreed to donate their expertise in offering career counseling, resume review and relocation advice to AFP members in the affected areas. If you have a comment to make on one of the existing topics, please click on the comment button below that posting. This blog is meant to be a member resource. We are not going to monitor the blog for content, as we trust all blog users will be respectful and thoughtful in their comments.We hope this blog will be useful, and if there are changes that can be made to improve it, please let us know. We will do what we can to help, as we feel that AFP’s role in times like these is to continue to provide support through information and the sharing of resources. I want to thank everyone for their kind words of support and concern during this time. I hope together we can continue to do the important work of all our organizations while being mindful of the devastating effects of Hurricane Katrina. Thank you, everyone, for pulling together! Best, Paulette Maehara, CFRE, CAE President and CEOAssociation of Fundraising Professionals last_img read more

Budget Office Estimates Cost of CFPB Watchdog

first_imgSign up for DS News Daily Budget Office Estimates Cost of CFPB Watchdog Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribe in Daily Dose, Featured, News Tagged with: Congressional Budget Office Consumer Financial Protection Bureau H.R. 957 Servicers Navigate the Post-Pandemic World 2 days ago Previous: Survey: Majority Supports Leveraging Private Capital to Reduce GSE, Taxpayer Risk Next: DS News Webcast: Friday 2/12/2016 February 11, 2016 1,082 Views Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Congressional Budget Office Consumer Financial Protection Bureau H.R. 957 2016-02-11 Brian Honea The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Budget Office Estimates Cost of CFPB Watchdog The Congressional Budget Office (CBO), has released an estimate of how much it would cost for H.R. 957, also known as the Bureau of Consumer Financial Protection—Inspector General Reform Act of 2015, which passed in the House Financial Services Committee in September 2015.The bill, which passed in the Committee by a vote of 56 to 3 on September 30, was sponsored by Steve Stivers (R-Ohio) and would create an independent inspector general for the Consumer Financial Protection Bureau (CFPB) who is nominated by the president and confirmed by the Senate. Currently, the CFPB shares an inspector general with the Federal Reserve.“Government accountability is important now, more than ever,” Stivers said. “This legislation will allow for increased oversight of an agency that has been given broad authority. It is important that we take the necessary steps to ensure the CFPB is accountable to the American people.”The CBO estimates that enacting H.R. 957 would increase direct spending by the federal government by $128 million over the 10-year period from 2016 to 2026 and would also increase revenues by $61 million over that same period (reflecting lower costs for the Fed’s OIG. These effects combined would increase budget deficits by $67 million over that 10-year period, according to the CBO.“Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues,” the report stated. “CBO estimates that implementing H.R. 957 would not affect discretionary costs. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027.”Click here to view the CBO’s entire report.last_img read more

Leisure and hospitality lost 500K jobs in December

first_imgTagsCommercial Real EstateHotelsRetail Email Address* Full Name* (iStock)The coronavirus continued to have disparate effects on real estate in December, with some sectors continuing to shrink while others regain ground.A rise in Covid cases and government closures of indoor dining contributed to a loss of nearly 500,000 leisure and hospitality jobs. Restaurants and bars accounted for 372,000 layoffs.Nearly half of all restaurants expect further layoffs in the next three months, according to a recent survey. In New York, 78 percent of restaurants anticipated layoffs.Overall, the economy lost 140,000 jobs last month, ending seven months of economic growth, according to government employment data. The unemployment rate remained at 6.7 percent.ADVERTISEMENTHoliday shopping provided a reprieve to retailers in December. Consumers supported the return of 120,000 retail jobs, although the industry currently employs 411,000 fewer people than it did last year.The rise of e-commerce has resulted in an industrial real estate boom while the pandemic remains a drag on brick-and-mortar outlets. Macy’s recently announced it will close 125 stores over the next three years; Bed Bath & Beyond said it will close 200 in the next two years.Residential homebuilding helped the construction industry add 51,000 jobs last month. Active listings for homes in the U.S. have reached an all-time low while home prices climbed to record levels. In November, spending on new single-family homes was up 18 percent year-over-year and single-family housing starts reached levels not seen since 2007.“The lack of inventory is the biggest constraint to further growth in home sales this year,” said Mike Fratantoni, chief economist of the Mortgage Bankers Association. “More workers in the sector should support the faster pace of housing construction the market needs,” he said.A national shortage of available homes predating the pandemic has drawn the attention of investors, who are building new homes en masse to rent.Warehousing and storage facilities added 8,200 jobs last month. About 5,000 jobs were gained by rental and leasing services providers.Job gains in November were stronger than previously estimated. The economy added 336,000 jobs that month instead of the 245,000 first reported.But these numbers pale in comparison to the 22 million jobs lost in March and April of last year. While 12 million have been recovered, overall employment remained 9.8 million below February’s level.Contact Orion Jones Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Message*last_img read more