Accounts – Bellow In Gark http://bellowingark.org/ Sat, 18 Sep 2021 04:52:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bellowingark.org/wp-content/uploads/2021/05/default1.png Accounts – Bellow In Gark http://bellowingark.org/ 32 32 Level up loans, ADB tolds https://bellowingark.org/real-payday-loans-for-bad-credit-the-best-instant-payday-loan-poor-credit/ https://bellowingark.org/real-payday-loans-for-bad-credit-the-best-instant-payday-loan-poor-credit/#respond Tue, 04 May 2021 06:28:55 +0000 https://bellowingark.org/?p=438 The country’s finance chief has called on the Asian Development Bank (ADB) to “level up” and to consider substantially expanding its loan portfolio, to effectively assist developing countries and to be more responsive to critical needs. Carlos Dominguez, Department of Finance secretary, said at Pay Day Champion the 45th ADB Annual Meeting Governors’ Seminar held […]]]>

The country’s finance chief has called on the Asian Development Bank (ADB) to “level up” and to consider substantially expanding its loan portfolio, to effectively assist developing countries and to be more responsive to critical needs.

Carlos Dominguez, Department of Finance secretary, said at Pay Day Champion the 45th ADB Annual Meeting Governors’ Seminar held virtually yesterday the ADB must effectively assist developing economies to bounce back as fast as the developed countries.

“However, this cannot be achieved if the bank maintains a business-as-usual approach. As I have suggested long before COVID-19 struck, the ADB must continue reinventing itself and realigning its programs to meet new realities and to stay relevant amidst the fast-changing landscape,” Dominguez said.

“To be responsive to critical needs, the ADB must level up. Specifically, there is a need for the bank to seriously consider substantial expansion of its loan portfolio in the next five-year period,” he added.

Dominguez said this will effectively support its member countries’ recovery, even if this brings forward the need for a capital increase.

Meanwhile, in an earlier event, the ADB’s top official said developing countries, such as the Philippines, are urged to reduce dependence on external financing and focus more on domestic resources such as through tax revenues.

Masatsugu Asakawa, ADB president, said in the opening event for the 45th ADB Annual Meeting the tax-to-gross domestic product (GDP) in the Asia Pacific region is relatively low compared with the other parts of the world.

“There’s much room for them (developing countries) to increase tax revenue by restructuring their tax policy or enhancing tax administration capacity,” Asakawa said in an interview posted by the ADB online.

“It will be a good idea for… developing countries (to) try to rely on more and more domestic resources, by reducing their dependency on external finance. Domestic resource means taxation, tax revenue,” he added.

In the Philippines, the tax effort in 2020 was recorded at 13.93 percent, down from 14.49 percent a year ago, as collections from revenue-generating agencies suffered last year due to the economic impact of the pandemic.  

– Angela Celis

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Pamplin Media Group – Wyden: Stop Asian Hate Crimes, Provide Vaccines and Aid https://bellowingark.org/pamplin-media-group-wyden-stop-asian-hate-crimes-provide-vaccines-and-aid/ https://bellowingark.org/pamplin-media-group-wyden-stop-asian-hate-crimes-provide-vaccines-and-aid/#respond Wed, 07 Apr 2021 23:17:10 +0000 https://bellowingark.org/pamplin-media-group-wyden-stop-asian-hate-crimes-provide-vaccines-and-aid/ Senator speaks after roundtable discussion with executives from SE Portland Health Center U.S. Senator Ron Wyden said he received a strong and clear message from Asian Americans in Oregon – often stereotyped as a silent minority – about what the federal government should do about hate crimes related to the pandemic and for additional vaccinations […]]]>

Senator speaks after roundtable discussion with executives from SE Portland Health Center


U.S. Senator Ron Wyden said he received a strong and clear message from Asian Americans in Oregon – often stereotyped as a silent minority – about what the federal government should do about hate crimes related to the pandemic and for additional vaccinations and help for small businesses.

The Oregon Democrat has joined the efforts of Hawaii Senator Mazie Hirono for a new COVID-19 hate crimes bill and a separate resolution to condemn hatred of Asians. But he also said that there are things that can be done now.

“In the time it takes to get legislation passed… we need to prosecute now,” Wyden said after a panel discussion Friday March 26 at the Asian Health and Service Center in southeast Portland. “We have the authority right now. We must use it now.”

capital officeStop AAPI Hate, a research group, has compiled 3,800 incident reports nationwide in the year since the start of the coronavirus pandemic.

Wyden said he would ensure that the Asian Health and Service Center receives a share of the $ 7.6 billion that President Joe Biden’s pandemic stimulus package allocates to community health centers, which are address underserved populations. Wyden also said small businesses should have better access to forgivable loans under the Paycheck Protection Program – which Congress just extended – and a new $ 25 billion aid fund. for restaurants defended by US Representative Earl Blumenauer, D-Oregon.

“I will clarify that dollar for dollar, there is no better investment than in the kind of things you do,” he said after a visit to the center, to which he spoke as a representative. from the United States when it opened. in 1983. “The key is vaccination. When people get vaccinated, employers start hiring and we have the opportunity to make it better.”

Holden Leung, its chief executive, said Wyden had requested an in-person roundtable with a dozen people, including state representative Khanh Pham, a Democrat whose district covers the Jade District and part of the South. east of Portland. He said the meeting was the first event, other than vaccination clinics, since the center closed a year ago at the start of the pandemic.

Leung said the center had a total of 1,168 vaccinations, far more than the 150 initial doses offered at the center. In the center’s database of 20,000 names, he said, staff had to select 1,000 names from 3,000 people eligible for vaccinations because of their age or underlying medical conditions.

He said the leaflets distributed by the center in several languages.

Small, not silent

Oregon’s Asian and Pacific Islander population is still relatively small. But the 2019 American Community Survey, based on estimates from US Census Bureau questionnaires, put it at 7%, up from 4.2% in 2000. The 2020 census figures have yet to be released.

While the catalyst for the meeting was the March 16 murder of eight people – including six women of Korean or Chinese descent – at three Atlanta-area spas, panel members who spoke to Wyden said that ‘there had been vandalism and even worse targeted businesses at Portland’s Jade. District.

“Law enforcement often responds, like in Atlanta, in a way that isolates our communities by blaming the victim, making it a different subject or issue,” Chanpone Sinlapasai-Okamura, immigration lawyer and member of the Oregon Commission on Asian and Pacific Island Affairs, said. “We need a bill that has teeth.”

But Duncan Hwang, associate director of the Asian Pacific American Network of Oregon, said anti-Asian hatred needs to be addressed in several ways. “I doubt that we are able to enforce our means to come out of hate crimes,” he said.

“The system has to change,” said Coi Vu, director of the Pacific Islander and Asian Family Center for the Oregon Immigrant and Refugee Community Organization. “Culture has to change.”

She said white boys harassed her and her partner recently while running around the St. John’s neighborhood.

The Leung center is not in the Jade neighborhood, which is focused on 82nd Avenue, but he said two bullet holes damaged the building in the past year.

“For me, hate is a bit like the COVID-19 virus,” he said. “It’s contagious.”

Rosaline Hui is the owner and editor of the Portland Chinese Times and sits on the Jade District Steering Committee. She said her business had been vandalized three times and other business owners had repeated incidents, but there was no meaningful response from the police or the city government.

She said some owners finally joined the public protests on March 20 and 27.

“For the Chinese, for most of the Asians, it’s the same. We try to be silent. We are afraid to go out,” she said. “But this time, so many Chinese came out. Why? Because they said we couldn’t take it anymore.”

“Help us to be American”

Tou Meksavanh came to the United States as a refugee from Laos. She retired in 2010 as principal of Duniway Elementary School in Portland. Without naming names, she said she hoped that under Biden, “that creeping hatred that was stirred up and encouraged” by Biden’s predecessor will fade away.

“In all my years that I have been here, since 1975 as a refugee, this is the first time that I am afraid to be in America,” she said. “I’m sure other Asian representatives in this group would agree and understand why I feel the way I feel.

“I was in war-torn Laos. But I was never afraid because the fighting was taking place elsewhere, and I knew I would be safe. Living in the United States, I never felt safe. danger. But I’m doing it now. ”

Wyden told the group he is familiar with prejudice against immigrants. His parents fled Nazi Germany in the 1930s, but other family members died in the Holocaust, the Nazi-organized mass killings of 6 million Jews and others during World War II .

He responded by quoting the words of Fannie Lou Hamer, a civil rights activist from the 1960s: “No one is free until everyone is free.

Junghee Lee is a faculty member at the School of Social Work and a member of the Hatfield School of Government at Portland State University.

“Asians are visible now,” she said. “Please help us to be Americans. We have earned it.”

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FCI helps Punjab avoid crisis by increasing wheat stocks | India News https://bellowingark.org/fci-helps-punjab-avoid-crisis-by-increasing-wheat-stocks-india-news/ https://bellowingark.org/fci-helps-punjab-avoid-crisis-by-increasing-wheat-stocks-india-news/#respond Wed, 07 Apr 2021 23:17:08 +0000 https://bellowingark.org/fci-helps-punjab-avoid-crisis-by-increasing-wheat-stocks-india-news/ NEW DELHI: The central government’s Food Corporation of India (FCI) helped the Punjab government overcome a crisis that reportedly affected the wheat supply that was due to start from April 10, raising 22.42 million tonnes of food grains held with state agencies. since 2018-19. Had the stock not been released, the Punjab government would have […]]]>
NEW DELHI: The central government’s Food Corporation of India (FCI) helped the Punjab government overcome a crisis that reportedly affected the wheat supply that was due to start from April 10, raising 22.42 million tonnes of food grains held with state agencies. since 2018-19. Had the stock not been released, the Punjab government would have prevented the Punjab government from making advances from banks to pay MSP to farmers for new purchases.
In Punjab, farmers sell their food grains to five state purchasing agencies (ASPs) and they pay the money to the farmers. This amount is later reimbursed by the FCI. To immediately pay the amount to farmers, these state agencies contract advances from a consortium of banks headed by the SBI. In accordance with the rules, this Food Credit advance must be repaid within three years. But the government of Punjab was unable to pay the 2018-19 Rs 89,000 crore loan because the stock had not yet been lifted.
The Punjab uses the Cash Credit Limit (CCL) of a consortium of banks known as the Food Credit Consortium, led by SBI. The CCL is sanctioned for each season separately, based on funds required for the estimated quantity of supply. The Center agrees for such a loan to the state government. These CCLs are guaranteed by stocks of food grains held by public purchasing bodies. The FCI makes payments to SPAs after the food grains have been collected by it.
Due to the non-repayment of the advances contracted by the SPAs, the government of Punjab was faced with the problem of transforming their loan into an NPA on March 31 (Wednesday). “As the RBI had refused to extend the deadline any further, the outstanding amount would become NPA. If this had happened, state agencies would not have been able to take further advances from banks to prepay farmers. It could have led to a dire situation, ”a source said.
In a letter to Punjabic Chief Minister Amarinder Singh, Food Minister Piyush Goyal mentioned that the state government in February urged the Food Ministry and the CFI to evacuate 22.42 million people. tonnes of wheat stock held by government agencies. Goyal had assured that all the stock would be evacuated to avoid any crisis.
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New round of PPP loans and tax breaks in year-end stimulus package | Tonkon Torp LLP https://bellowingark.org/new-round-of-ppp-loans-and-tax-breaks-in-year-end-stimulus-package-tonkon-torp-llp/ https://bellowingark.org/new-round-of-ppp-loans-and-tax-breaks-in-year-end-stimulus-package-tonkon-torp-llp/#respond Wed, 07 Apr 2021 23:17:04 +0000 https://bellowingark.org/new-round-of-ppp-loans-and-tax-breaks-in-year-end-stimulus-package-tonkon-torp-llp/ After months of stalled negotiations, Congress finally passed the Consolidated Appropriations Act for 2021 (the “Act“), which includes a $ 900 billion stimulus package to support the struggling economy. The law, signed into law by the president on December 27, 2020, includes an additional $ 284.45 billion in credit for the protection program paychecks (“PPP“), […]]]>

After months of stalled negotiations, Congress finally passed the Consolidated Appropriations Act for 2021 (the “Act“), which includes a $ 900 billion stimulus package to support the struggling economy. The law, signed into law by the president on December 27, 2020, includes an additional $ 284.45 billion in credit for the protection program paychecks (“PPP“), which will be available to both new borrowers and certain recurring PPP borrowers who meet specified criteria.

This client alert addresses (i) the eligibility conditions of borrowers under the last PPP funding cycle, (ii) the new and updated list of “covered expenses” that can be paid with PPP funds, and ( iii) certain borrowers – favorable clarifications to the law regarding the tax treatment of PPP loans.

Who is eligible for the new PPP funding round?

Repeat PPP borrowers

By law, borrowers who have already received a PPP loan can apply for a second PPP loan as long as they (a) employ no more than 300 employees, and (b) have experienced a 25% drop in revenue. gross in any fiscal quarter in 2020 compared to the same fiscal quarter in 2019.

New eligible borrowers

The law also extends the eligibility criteria to allow certain companies that were not previously eligible to participate in the PPP. The following list of entities are now eligible to apply for and receive a PPP loan:

  • Any news station licensed by the Federal Communications Commission that (a) has fewer than 500 employees, or (b) is a non-profit organization operating as a “public broadcasting corporation
  • Any business majority owned or controlled by a business with NAICS code 511110 (newspaper publishers) or 5151 (radio networks, radio stations and broadcasters), which certifies in good faith that the proceeds of the loan will be used to support the business components that produce or distribute local or emergency information
  • 501 (a) Tax-exempt “destination marketing organizations” that are engaged in the marketing and promotion of communities and facilities to promote travel and recreation
  • 501 (c) (6) organizations which (a) do not receive more than 15% of revenue from lobbying activities, (b) have less than 15% of their total activities as lobbying activities, (c) n ” did not exceed $ 1,000,000 in lobbying activities in the most recent tax year, and (d) employ no more than 300 employees

Expanded list of eligible “covered expenses”
In addition to payroll, rent, mortgage interest and utility expenses, the law provides for several new categories of expenses that can be paid with PPP loan funds (without a corresponding reduction in the discount). The new list of discounted fees and expenses includes:

  • Expenses related to business software or cloud computing software that facilitate business operations (for example, payroll tracking, sales or invoicing functions, or inventory)
  • Costs related to property damage resulting from vandalism in 2020 that are not covered by insurance
  • Certain supplier costs that are (a) essential to the borrower’s business and (b) were incurred under agreements or purchase orders in effect prior to the applicable borrower’s coverage period
  • Capital expenditures incurred to facilitate compliance with safety standards issued by HHS, CDC, or OSHA (for example, new ventilation systems, outdoor space expansions, and PPE purchases)

Tax deductibility of expenditure financed by PPP

In November, the Treasury Department issued guidelines prohibiting deductions for covered expenses funded by the proceeds of PPP loans. The Law goes beyond this orientation. Borrowers who have spent PPP funds on covered expenses will be entitled to a deduction for those expenses. The law also specifies that the cancellation of the PPP loan will not result in the cancellation of the debt income included in the gross income.

Additional modifications

The law includes other important requirements in relation to the implementation of the new PPP funding cycle, such as: (a) a requirement that the Small Business Administration (“SBA”) Issue guidance on barriers to access to capital for minority-owned, underserved, ex-combatants and women businesses with the aim of ensuring equitable access to PPP loans, (b) a simplified rebate request for borrowers with loans of $ 150,000 or less; and (c) a mandate requiring the SBA to submit an audit plan within 45 days of enactment of the Act.

We will undoubtedly see additional guidance from the SBA in the coming weeks regarding the implementation of the law, and our team will be following all developments as this latest round of PPPs unfolds.

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Urban Outfitters recalls wooden candle holders because they could catch fire https://bellowingark.org/urban-outfitters-recalls-wooden-candle-holders-because-they-could-catch-fire/ https://bellowingark.org/urban-outfitters-recalls-wooden-candle-holders-because-they-could-catch-fire/#respond Wed, 07 Apr 2021 23:17:01 +0000 https://bellowingark.org/urban-outfitters-recalls-wooden-candle-holders-because-they-could-catch-fire/ Urban Outfitters has recalled its Margo conical candle holders because if they come in contact with the flame, they can ignite. Shown is the medium size. Facebook share Share on twitter Urban Outfitters has recalled its Margo conical candle holders because if they come in contact with the flame, they can ignite. According to an […]]]>

Urban Outfitters has recalled its Margo conical candle holders because if they come in contact with the flame, they can ignite. Shown is the medium size.

Urban Outfitters has recalled its Margo conical candle holders because if they come in contact with the flame, they can ignite.

According to an announcement from the US Consumer Product Safety Commission, approximately 2,700 candle holders were sold in Urban Outfitters stores and online nationwide from August to November 2020 for between $ 18 and $ 30.

Product details are:

  • Margo conical candle holders, in pine or acacia, in small, medium and large sizes. The part numbers are: small 0058346800, medium 0058346818 and large 0058346826.

Candle holders can be returned for a refund. Urban Outfitters will provide a prepaid return label for return by mail.

For more information, contact Urban Outfitters at 800-282-2200, 24 hours a day; send an email to recall@urbn.com or go to the website and click on “product recalls”.

Urban Outfitters candle holder recall

Urban Outfitters has recalled its Margo conical candle holders because if they come in contact with flame, they can ignite. Shown is the small size.

READ MORE

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777 engine explosion puts Boeing’s reputation on the line again https://bellowingark.org/777-engine-explosion-puts-boeings-reputation-on-the-line-again/ https://bellowingark.org/777-engine-explosion-puts-boeings-reputation-on-the-line-again/#respond Wed, 07 Apr 2021 23:16:56 +0000 https://bellowingark.org/777-engine-explosion-puts-boeings-reputation-on-the-line-again/ BROOMFIELD, CO – FEBRUARY 20: Pieces of an aircraft engine from Flight 328 are scattered around a … [+] neighborhood on February 20, 2021 in Broomfield, Colorado. An engine of the Boeing 777 exploded after take off from Denver, prompting the flight to return to Denver International Airport where it landed safely. (Photo by Michael […]]]>

Boeing has a great deal of experience in crisis situations over the past few years.

Only three months ago, Boeing put the 737 MAX back into service. The planes had been grounded for two years following the crash of two planes which left 346 dead. Then, last Saturday, an engine of a United 777 exploded over Denver, raining debris on a neighborhood below.

Airlines in the United States, Japan and South Korea have already grounded dozens of 777s, and the Federal Aviation Administration has ordered United to increase its inspections of all those planes.

Boeing statement

Yesterday, Boeing posted the following statement on its website: “Boeing is actively monitoring recent events related to United Airlines Flight 328. While the NTSB investigation is ongoing, we have recommended that the operation of the 69,777 in service and 59 in storage powered by Pratt & Whitney 4000-112 engines be suspended until the FAA identifies the appropriate inspection protocol. .

“Boeing supports the decision of the Civil Aviation Bureau of Japan yesterday and the FAA’s action today to suspend the operations of 777 aircraft powered by Pratt & Whitney 4000-112 engines. We work with these regulators as they take action while these planes are on the ground and other inspections are carried out by Pratt & Whitney. Updates will be provided as more information becomes available. “

Bad timing

While there is never a right time to have a crisis, the time of a crisis can certainly make things worse for businesses and organizations.

Caroline Sapriel is the managing partner of the crisis management company CS&A International. She noted that “this is a bad time for Boeing and inevitably parallels [with past crashes] will be done….[the company’s] reputation is at stake.

“At least here they had an immediate response, advised grounding 128,777 powered by this particular type of motor and appeared more in tune with [the] FAA … ”

The fact that the engine that collapsed in mid-flight was made by another company could prove to be a silver lining in the crisis for Boeing.

Fast action

Speed ​​is essential in responding to any crisis situation, especially when lives may be on the line.

She observed that “… Boeing’s rapid response looks better, but now the real test is to actively seek to speed up the proper test and investigation protocols and avoid blaming the engine manufacturer, who is also a partner in the industry. long term. “

Airlines and aviation authorities “have been extremely quick to take action to protect stakeholder confidence and Boeing should continue to align with them to maintain their confidence. They will walk a tightrope and be under the microscope, ”Sapriel said.

A pilot’s point of view

David Nolletti is a professional pilot with several jet-type ratings and over 3000 hours of flight time. He is currently Managing Director at Conway MacKenzie and leads the aerospace, defense and government services practice.

By the numbers

According to Nolletti, the United Airlines Boeing 777 that suffered the in-flight engine failure was powered by Pratt & Whitney PW4000 engines that entered service in 1987. “Over the next 33 years of service, Pratt & Whitney delivered over from 2,500 engines to 70 different operators and accumulated more than 135 million flight hours, ”he said.

Safe and proven design

“This is a safe and proven engine design,” observed Nolletti, “but I think Boeing reacted quickly to ensure that the flying public saw them react eagerly to a potentially dangerous situation and I think travelers will be comforted by the speed and determination of the grounding.

Recomendations

Nolletti said Boeing and Pratt & Whitney should:

  • Partner to communicate this program’s safety statistics to the public to ensure the consumer knows this is a proven, long-lasting design with an excellent safety record. Essentially, that this is an isolated incident and that the investigation will determine, in due course, why this engine suffered an apparent fan blade failure.
  • Point out that the motor contained the apparent failure of the fan blades, as it is designed to do. By containing the failed blade, the engine cowl prevented more serious damage to the aircraft (e.g. flight controls, hydraulic systems, fuel systems, etc.) or damage to passengers and crew of the aircraft. airplane.

Final result

“In short, it could have been a much more dangerous situation, but the rugged design of the aircraft and engine coupled with the training of the crew made it relatively trouble-free,” Nolletti concluded.

The importance of scenario training

Practicing responses to various crisis scenarios is an important way to ensure that businesses are as prepared as possible for a crisis and will respond strategically and effectively when a crisis does arise.

The NTSB’s findings on the two fatal 737 MAX crashes, “… highlighted both technological vulnerability and inadequate training of pilots in stress scenarios to mitigate this vulnerability,” recalled Jayson Kratoville, director acting from the National Center for Security & Preparation at the University of Albany’s College of Emergency Preparedness, Homeland Security, and Cybersecurity.

He said: “Although we would have to wait for more information about the 777’s engine failure to draw any conclusions, it is likely that good stress scenario training helped prevent loss of life. Both are important examples of how manufacturers have a stake in product implementation and worst-case scenario training to mitigate risk. “

Investigation

Mark Dombroff is a partner at Fox Rothschild law firm and has over 30 years of experience in administrative, legislative, regulatory and legal aspects of the domestic and international aviation industry.

Pro-active approach

He noted that “the actions Boeing and others have taken regarding the 777s with Pratt & Whitney engines demonstrate a proactive approach to an event that is still under investigation. “

Dombroff observed that “the NTSB is responsible for investigating the event. Boeing, as well as Pratt & Whitney, United and [the] The FAA will be a party to the investigation. Parties to an investigation are not allowed … to conduct their own investigations. The NTSB controls engine debris and the engine itself and, most likely, the aircraft itself, at least as long as the engine remains on the wing.

Early focus

“At this point,” he said, “we don’t know if the engine or something is the cause of what happened. What we do know is that the reporting is focused on the plane being a Boeing 777. Coupled with the attention already paid to Boeing due to the MAX, the spotlight on Boeing is brighter.

“That being said, there is some injustice associated with this since the investigation is at a preliminary stage and we don’t know why the fan blades (which allegedly failed) actually failed,” he said. .

Lessons learned – or to learn

Commercial aviation

Dombroff noted: “There are always lessons to be learned from any event like this. It is, however, too early to determine what these lessons may be here or to whom such lessons may apply.

He said: “Commercial aviation in the United States is a phenomenal safety activity. It never means we have achieved perfection. There is always room to make things safer and better, but it remains to be seen in this case, not only why what happened actually happened, but also what lessons the industry can learn from it. . “

Boeing

Jane Robbins, PhD, is a retired professor of entrepreneurship and organizations specializing in strategy and institutional integrity. She said: “It seems Boeing has already learned a lesson from the 737MAX debacle: don’t wait to be forced into action by the government: get ahead of the problem. But that’s not really the right lesson for leaders – it’s a reaction, and reacting to a preventable crisis is never good.

Business leaders

“Managers must learn that every business decision has substantial ethical content that cannot be treated in probabilistic terms; it can only be dealt with in an organizational way, through an operating philosophy and process designed to ensure institutional integrity, which “resolves” crises before they occur. What is at stake is reputation or trust, the ultimate form of capital. Once lost, it is extremely difficult to recover and can bring down a business.

“The organizational basis of disasters is pretty well known – think Challenger, the BP oil spill, etc. It was a virtual accident, ”she concluded.

All sectors

Joseph Smith is director of aviation services for the Cassel Salpeter investment bank. “The lesson for all industries where there is an inherent danger to consumers / end users (both products and services), is that safety must be the number one priority, the hard stop,” he said. -he declares.

“Safety precautions [for] your customers and [for] your employees (as we have all seen in particular during Covid) must be anchored in the fabric and the DNA of all the decisions made, whatever the costs or the unpopularity of the moment ”, he advised .

“The repercussions could be fatal and / or costly, both economically, reputational and moral, and can bring organizations down,” Smith said.

Advice to business leaders

Carla Bevins is Assistant Professor of Business Communication at the Tepper School of Business at Carnegie Mellon University. Based on the latest crisis that hit Boeing, she gave the following advice to businesses and organizations.

Prepare in advance

  • Businesses need to have effective and up-to-date strategic solutions and crisis management plans to protect their reputation before a crisis hits.
  • Create crisis press release templates in advance, so you can implement them quickly when the crisis strikes. Don’t wait to create your key messages to be in the middle of the crisis.
  • Companies that think in terms of “when” and not “if” a crisis will strike are better placed to come out intact on the other side.

Speed ​​is essential

  • Speed ​​is absolutely essential in these situations, and the first well-designed response must be launched within an hour of the crisis being released.
  • It can be difficult to regain control of a situation if online and social media creates an alternate narrative to the one you want to share.
  • When there is a lack of information at the source, others will find information elsewhere and come to their own, often misinterpreted, conclusions.

Collaborate

  • Close collaboration between the communications team and the corporate legal team is required, as the company’s crisis management responses will be published simultaneously on traditional and social media.
  • Key spokespersons should be available for press conferences and media interviews.

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OCC seeks equal access to banking services https://bellowingark.org/occ-seeks-equal-access-to-banking-services/ https://bellowingark.org/occ-seeks-equal-access-to-banking-services/#respond Wed, 07 Apr 2021 23:16:54 +0000 https://bellowingark.org/occ-seeks-equal-access-to-banking-services/ In today’s top digital banking news, the Office of the Comptroller of the Currency (OCC) proposed a personal banking rule meant to level the playing field, while U.S. taxpayers are expected to take a hit. approximately $ 435 billion from borrowers. non-repayment of student loans. In addition, Deutsche Bank is looking to buy companies or […]]]>

In today’s top digital banking news, the Office of the Comptroller of the Currency (OCC) proposed a personal banking rule meant to level the playing field, while U.S. taxpayers are expected to take a hit. approximately $ 435 billion from borrowers. non-repayment of student loans. In addition, Deutsche Bank is looking to buy companies or create joint ventures to become a significant player in the digital payments industry in Europe.

OCC calls for equal access to banking services

The Office of the Comptroller of the Currency (OCC) proposed a personal banking rule intended to level the playing field. The regulation would ensure everyone has equal access to banking services provided by federal savings associations, national banks and branches. and federal agencies of foreign banking organizations.

Report: Taxpayers Face $ 400 Billion Blow on Bad Student Loans

U.S. taxpayers are expected to take a hit of about $ 435 billion as borrowers fail to repay student loans on the federal government’s book to date. The news is based on analysis by the US Department of Education and two private consultants who helped the agency examine the situation, according to a released report.

Deutsche Bank envisions growing payments unit with buyouts and joint ventures

Deutsche Bank reportedly intends to buy companies or enter into joint ventures with other companies with the aim of becoming a significant player in the digital payments space in Europe. The financial institution has also hired top talent from the industry and sought deals to grow the digital payments market share, according to a published report.

JPMorgan: COVID-19 spike signals likely first quarter GDP collapse

A growing tide of COVID-19 cases and related limitations could lead to a decline in gross domestic product (GDP) in the first quarter, economists at JP Morgan noted from a new perspective. “This winter will be dark and we believe the economy will contract again in the first quarter,” said economists. Economists at JP Morgan said they look to the second and third quarters for an economic rebound, assuming the coronavirus vaccine is successful.

Learn more about digital banking:

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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State unveils Sh36bn Covid bailout for KQ, Kenya Power https://bellowingark.org/state-unveils-sh36bn-covid-bailout-for-kq-kenya-power/ https://bellowingark.org/state-unveils-sh36bn-covid-bailout-for-kq-kenya-power/#respond Wed, 07 Apr 2021 23:16:51 +0000 https://bellowingark.org/state-unveils-sh36bn-covid-bailout-for-kq-kenya-power/ Companies State unveils Sh36bn Covid bailout for KQ, Kenya Power Wednesday 07 April 2021 Secretary of the Treasury Cabinet Ukur Yatani. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author Summary The government will spend 36 billion shillings to bail out key parastatals that have suffered losses as a result of the economic fallout […]]]>

Companies

State unveils Sh36bn Covid bailout for KQ, Kenya Power


Secretary of the Treasury Cabinet Ukur Yatani. PHOTO FILE | NMG

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Summary

  • The government will spend 36 billion shillings to bail out key parastatals that have suffered losses as a result of the economic fallout from Covid-19.
  • The National Treasury has said companies such as Kenya Airways, Kenya Power and several universities are in urgent need of support after their incomes plummet during the pandemic.

The government will spend 36 billion shillings to bail out key parastatals that have suffered losses as a result of the economic fallout from Covid-19.

The National Treasury has said companies such as Kenya Airways, Kenya Power and several universities are in urgent need of support after their incomes plummet during the pandemic.

The International Monetary Fund (IMF) revealed the bailouts in deals it made with the government as conditions for offering Kenya the latest loan of 255 billion shillings.

“Due to the immediate needs that have been identified, we plan to spend a total of 36 billion shillings on extraordinary support to state-owned enterprises in fiscal year 2020/21. All of this extraordinary support is based on a careful needs assessment and is accompanied by measures to ensure that the entities are on a solid footing, ”the Kenyan authorities said.

The agreements also reveal that Kenya is committed to auditing and reforming nine key parastatals, in line with IMF guidelines to “streamline government involvement in the sector and ensure the sustainability of ongoing SOE operations.” .

These include Kenya Airways, Kenya Airports Authority, Kenya Railways Corporation, Kenya Power and Lighting PLC, Kenya Electricity Generating Company PLC, Kenya Ports Authority and three of the largest universities.

For Kenya Airways, the government has pledged to hire an independent consultant to audit the airline and find the cheapest way to restructure it.

The Covid-19 shock created acute financial stress in several fully or partially government-owned entities.

In many cases, state-owned enterprises were already in financial difficulty before the pandemic, and additional financial strains necessitated government liquidity support.

Kenya Airways (KQ) net loss nearly tripled to 36.2 billion shillings, the worst on record in the airline’s history.

Kenya Power’s half-year net profit declined 80% to 138 million shillings in December 2020 from 692 million shillings in 2019 due to higher financing costs due to unrealized foreign exchange losses caused by the depreciation of the shilling by compared to major foreign currencies.

It did, however, record a net loss of 939 million shillings for the year ending June 2020 after obtaining a 6.1 billion shillings tax credit, which allowed the company to record a loss before taxes of 7 billion shillings.

The China-built Standard Gauge Railway (SGR) recorded a combined operating loss of 21.68 billion shillings in the three years to May of last year, overlapping Kenya Railways with huge losses.

The government also promised the IMF that it would conduct a special audit of all money spent on Covid-19 interventions and publish the results by the end of May.

In the eight months to November of last year, Kenya had increased its stock of public debt by 971 billion shillings under the guise of fighting the Covid-19 pandemic.

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Britney Spears Documentary: “Framing Britney Spears” Covers Singer’s Conservatory Drama https://bellowingark.org/britney-spears-documentary-framing-britney-spears-covers-singers-conservatory-drama/ https://bellowingark.org/britney-spears-documentary-framing-britney-spears-covers-singers-conservatory-drama/#respond Wed, 07 Apr 2021 23:16:49 +0000 https://bellowingark.org/britney-spears-documentary-framing-britney-spears-covers-singers-conservatory-drama/ Finally, 2021 puts a high note by announcing the release of a documentary focusing on none other than ’90s pop icon Britney Spears. The kind of bad note, however, is that said documentary will focus on Spears’ controversial relationship with his father, Jamie, and his ongoing guardianship issues. Harper Bazaar reports that “Framing Britney Spears” […]]]>

Finally, 2021 puts a high note by announcing the release of a documentary focusing on none other than ’90s pop icon Britney Spears.

The kind of bad note, however, is that said documentary will focus on Spears’ controversial relationship with his father, Jamie, and his ongoing guardianship issues.

Harper Bazaar reports that “Framing Britney Spears” is a project produced by The New York Times that will air on FX and Hulu (with accounts that have FX extensions, of course) on February 5th. Not only will the documentary focus on Spears’ relationship. with his father and his battle for guardianship, but it will also cover his rise to fame and his much-publicized fall.

https://www.youtube.com/watch?v=5kcURtnHMJ4

NME explains that Spears has been under his father’s care since 2008 after his mental health began to decline. He has since remained in control of his career, which prompted him to announce his intention not to perform again while he is in charge.

Spears has a long career in the entertainment industry. She was originally a member of the Mickey Mouse Club as a child and rose to international fame as a teenager with her single “Hit Me Baby One More Time”.

Since then, it has consolidated its status as the Ultimate 90s pop icon. However, her story served as a warning to those seeking fame young – her meteoric rise led to a tragic, equally meteoric downfall, hence the decline in her emotional well-being.

Harper’s Bazaar explains in the same post how it was revealed that Spears and her father haven’t spoken to each other for some time.

Mr Spears said in an interview with CNN: “When a family member needs special care and protection, families must step in, as I have for over 12 years, to protect, protect and protect. continue to love Britney unconditionally. “

Matters concerning the guardianship remain ongoing.

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EXCLUSIVE – U.S. Democratic lawmakers to bring forward resolution to overturn OCC’s true lender rule https://bellowingark.org/exclusive-u-s-democratic-lawmakers-to-bring-forward-resolution-to-overturn-occs-true-lender-rule/ https://bellowingark.org/exclusive-u-s-democratic-lawmakers-to-bring-forward-resolution-to-overturn-occs-true-lender-rule/#respond Wed, 07 Apr 2021 23:16:46 +0000 https://bellowingark.org/exclusive-u-s-democratic-lawmakers-to-bring-forward-resolution-to-overturn-occs-true-lender-rule/ U.S. Democratic senators will present a resolution on Thursday to overturn a Trump-era rule that defines when a bank is a “true lender,” a member of Senator Chris Van Hollen’s office told Reuters on Thursday. The Congressional Review Act resolution to overturn the measure comes after a coalition of liberal advocates called https://www.nclc.org/media-center/days-before-crucial-deadline-the-national-consumer-law-center -Join-over-300-groups-calling-for-Congress-to-repeal-the-bogus-lender-rule-which-facilitates-predatory-loan-schemes.html for […]]]>

U.S. Democratic senators will present a resolution on Thursday to overturn a Trump-era rule that defines when a bank is a “true lender,” a member of Senator Chris Van Hollen’s office told Reuters on Thursday. The Congressional Review Act resolution to overturn the measure comes after a coalition of liberal advocates called https://www.nclc.org/media-center/days-before-crucial-deadline-the-national-consumer-law-center -Join-over-300-groups-calling-for-Congress-to-repeal-the-bogus-lender-rule-which-facilitates-predatory-loan-schemes.html for lawmakers to do before a fast-approaching deadline to repeal rules introduced by regulators under the previous administration that Democrats, lawyers and attorneys believe could encourage predatory lending.

In October 2020, the Office of the Comptroller of the Currency released the rule in hopes of clarifying what regulatory regime applies when banks partner with non-banks to provide loans. The OCC said at the time that the rule clarifies a murky legal issue.

But Democrats argue it will allow predatory lenders to circumvent consumer protections and state usury laws by partnering with banks whose softer federal regulations override state rules. In January, seven US states and Washington, DC, sued the banking regulator, seeking to overturn the rule they said prevented them from enforcing state laws against interest rate exploitation.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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