Photo: Jacques Brinon, AP
Photo: Jacques Brinon, AP
TORONTO, July 31, 2020 /CNW/ – benefitsConnect an employee benefits consulting firm is proud to announce, effective August 1, 2020, the 100% share purchase of Strategic Benefits & Insurance Service Ltd. headquartered in Kingston, Ontario. A soft launch has been ongoing since February 1, 2020.
This merger of two great companies is a significant step to partnering with the “best in class” firms as part of benefitsConnect growth plans. The acquisition will enhance the value of services offered to our Kingston and surrounding area clients through technology, value added services, advice and innovation in the employee benefits marketplace. “The advice, attention to detail and service which Debra and Richard Dobing provide our clients, in Kingston, is unmatched in the industry. We are glad to have them as part of our team at benefitsConnect,” said Paul Crossdale, President, benefitsConnect.
Founded in 2001, benefitsConnect
NEW DELHI, July 28, 2020 /PRNewswire/ — Azure Power, a leading solar power producer in India, has been awarded the Most Sustainable Company in the Solar Energy Industry by World Finance Magazine. Azure Power received the award for their effective environmental, social and governance pillars, and operating their business while meeting sustainable needs. Azure Power has cut emissions, reduced water consumption and ensured their physical waste is disposed properly and with as little carbon footprint as possible. Over the years, Azure Power has avoided over 5.2 million tons of CO2 equivalents since inception, realized 50% savings last year in water consumption per unit of electricity generated and created over 4,300 local jobs since inception in the remote communities we operate in.
Through Azure Power’s corporate social responsibility (CSR) efforts, they have made a positive impact on the communities they operate in and improve livelihood among rural households through
Analysts and investors like to use letters to describe the condition of the U.S. economy and markets. V-Shaped, which is a sudden drop followed by a surge; W, the ultimate fake out, where output sinks,
rises and then falls again; U, where after a sudden shock, the economy meanders and then starts to rise; and then the dreaded L, a drop, followed by a sluggish, sideways economy that never returns to its previous glory days. (One more that is fun for math geeks is the square root, where output drops, rises and then levels off.)
Here’s one more letter to consider when thinking about the financial and economic impact of the coronavirus: K. The sudden stop in the economy impacted the entire country, as jobs vanished and the stock market crumbled. Fortunes soon diverged: white collar workers who could stay at home and continue to earn money were
U.S. GDP plummeted by 32.9 percent in the second quarter of this year, but disposable personal incomes were up by 42.1 percent. That is thanks to an unprecedented level of government spending to keep the economy afloat. Since the coronavirus pandemic triggered mass layoffs and furloughs and shuttered businesses in March, the U.S. federal government has provided an extra $600 per week in unemployment insurance benefits—money used to pay rent, buy food, and keep up consumer spending. Four months later, new unemployment claims are rising again as the growing number of COVID-19 cases in the South and West forces businesses to close down.
Every country has faced grim economic side effects from lockdown, but the attempted solutions vary widely. Some are relying on direct grants to citizens, some on compensating businesses, and some simply on muddling through the chaos. Many have been more successful than the United States. And as
The Australian Competition and Consumer Commission has proposed a possible federal takeover of the water markets in the Murray-Darling Basin, licensing of water brokers and new robust rules and oversight in order to ensure the $1.5bn water market operates fairly.
But the report, which delivers a scathing assessment of how the markets are operating, does not support a return to the old system that existed before the Murray Darling Basin plan, where water entitlements were tied to land.
It argues that a return to the old system, which has been advocated by some farmers, would result in the loss of significant benefits that come from water trading, including more efficient use of water and allowing farmers to manage their water needs, trade water and free up capital.
LOMBARD, Ill., July 30, 2020 /PRNewswire/ — Forum Financial Management, LP has been named to the 2020 Financial Times 300 Top Registered Investment Advisers (FT 300). As of December 2019, Forum Financial Management has more than $4.5 billion of assets under management and serviced.
Karma Forrestal, Forum partner and co-founder of the Forum Women’s Initiative, attributes the steady increase of new clients in the first half of 2020 to efforts by Forum advisors to counsel as many clients and new investors as possible. A feat not easily accomplished in the middle of a pandemic, as Forrestal relates in her July FPA Next Generation Planner feature article on COVID-19 and previous market crises.
Regarding Forum’s consecutive appearances on the FT 300, Forrestal said, “We are committed to the growth of this firm, which we have defined as growth that
Photo: Jacy Lewis/Reporter-Telegram
The public cloud can fit any number of use cases, but for IBM a key focus is enabling financial services to adopt the cloud.
On July 22, a series of new IBM Cloud for Financial Services initiatives were announced, in an effort to ease the path to broader cloud deployments by organizations in the financial services industry. In aggregate, the new efforts are about better enabling compliance security and resiliency for financial services firms looking to run workloads in the cloud. Among the new components are the IBM Cloud Policy Framework for Financial Services, the Financial Services Cloud Advisory Council and a new IBM Cloud Security and Compliance Center.
“During the global pandemic, we’ve definitely seen that there is a really urgent call in the industry for businesses to shift their operations and the ways that they engage
Republicans are set to unveil a plan to drastically slash enhanced federal unemployment benefits even as economists warn the move could cost the country millions of jobs and shrink the economy.
Senate Republicans have claimed that American workers who bring in a higher weekly rate than before the pandemic are disincentivized from going back to the office.
“It certainly does not have the backing that it had before because of many small businesses that have come forward and said that people just don’t want to come back — that they were making more than they did when they worked,” Sen. Pat Roberts, R-Kan., a senior member of the Finance Committee, told NBC News earlier this month.
However, there is no evidence that the increased payments have resulted in Americans refusing to return to work. Though House Democrats approved a full extension on the benefit in May, Senate Republicans plan to