Cost Benefit – After Hours http://after-hours.org/ Fri, 24 Jun 2022 14:23:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png Cost Benefit – After Hours http://after-hours.org/ 32 32 What’s up with T-Mobile Stock? https://after-hours.org/whats-up-with-t-mobile-stock/ Fri, 24 Jun 2022 14:00:00 +0000 https://after-hours.org/whats-up-with-t-mobile-stock/ BRAZIL – 2022/03/22: In this photo illustration the silhouette of a woman is holding a smartphone with a … [+] T-Mobile US (Deutsche Telekom) logo in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images T-Mobile stock has had a bumper year so far, rising 16% year-to-date, versus […]]]>

T-Mobile stock has had a bumper year so far, rising 16% year-to-date, versus the broader S&P which remains down about 20% over the same period. While mobile carrier stocks, in general, have outperformed this year as investors seek stability from the sector’s steady cash flows and lower valuations as the US enters a more strict, T-Mobile shares have fared much better than rivals such as Verizon (down 3% year-to-date) and AT&T
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(up 5% since the start of the year). Covid-19 gave a boost to subscriber additions for US mobile carriers as people increasingly relied on phones and wireless devices during the pandemic. T-Mobile also expects the momentum to continue this year. The carrier’s first-quarter 2022 results were stronger than expected and it also raised its outlook for postpaid adds in 2022, forecasting 5.3 million and 5.8 million net adds, about 300,000 more than ‘previously.

Now, although T-Mobile shares look expensive relative to their peers, trading at around 48 times consensus 2022 earnings, markets are forecasting a huge boost in earnings and cash flow from 2023. earnings in recent quarters have been impacted by costs related to the integration of Sprint
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wireless network with T-Mobile after their merger in 2020, T-Mobile stands to benefit significantly as the synergies of the deal materialize. Dismantling Sprint’s legacy network, along with SG&A savings, is expected to help the company achieve $5.2-5.4 billion in merger synergies by the end of this year. . Additionally, while Verizon has traditionally been the network to beat in terms of quality of service, T-Mobile is emerging as the network leader in the 5G era. By the end of 2021, T-Mobile’s 5G network covered 310 million people, of which 210 million are covered by Ultra Capacity 5G, well ahead of AT&T and Verizon, and this broad deployment could help the company acquire subscribers, especially outside urban areas. . T-Mobile was also recently named the best wireless carrier in PCMag’s well-regarded annual mobile network comparison.

Overall, the growing subscriber base and cost savings are likely to significantly help T-Mobile’s cash flow in years to come. The company previously guided free cash flow between $13 billion and $14 billion in 2023, compared to levels of around $6 billion in 2021, with the company noting that this number could reach $18 billion in 2026. Rising cash flow should help fund major stock buybacks in coming years, which could also support T-Mobile’s share price.

We value T-Mobile at around $164 per share, about 23% ahead of the current market price. See our analysis on T-Mobile valuation: Expensive or cheap for more details on what drives our price estimate for the company. Also discover our analysis of T-Mobile revenue for more details on the company’s main business segments and likely revenue trends.

Stock prices have fallen precipitously across all sectors over the past few months and we are now in a bear market for the first time since March 2020, when the Covid-19 outbreak triggered a stock market crash. We capture key Dow Jones trends during and after major stock market crashes in our interactive dashboard analysis,’Comparison of stock market crashes.’

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Understand the role of swipe fees and their benefits to consumers https://after-hours.org/understand-the-role-of-swipe-fees-and-their-benefits-to-consumers/ Wed, 22 Jun 2022 21:45:02 +0000 https://after-hours.org/understand-the-role-of-swipe-fees-and-their-benefits-to-consumers/ Today more than ever, improving the accessibility and affordability of fundamental banking services must be a priority for our elected officials. We’ve seen how banking can empower individuals in our state to pursue their dreams of owning a home, starting a new business, and saving for retirement. These services are especially important to rural Missouri […]]]>

Today more than ever, improving the accessibility and affordability of fundamental banking services must be a priority for our elected officials. We’ve seen how banking can empower individuals in our state to pursue their dreams of owning a home, starting a new business, and saving for retirement. These services are especially important to rural Missouri communities.

It is extremely disappointing to see special interest groups and big box retailers trying to extend the Durbin Amendment to credit cards. Credit card interchange fees are added to every credit card transaction to compensate issuing banks. This allows banks to provide vital banking services right here in local Missouri communities, such as consumer rewards and anti-fraud measures.

In 2010, Congress passed the Durbin Amendment and set hard caps on debit card interchange fees — fees that retailers pay to debit card issuers like community banks to process debit card transactions. debit. The negative effects were immediate as debit card programs were forced to change as little or no savings were ultimately passed on to consumers by merchants. Mega-retailers like Amazon and Walmart told Congress that price caps on exchanges would allow them to lower prices for consumers, which never happened. Instead, retailers kept their prices in place and simply used the savings to inflate their results.

The Durbin Amendment is among the five most rated laws and regulations as having significantly affected the cost and availability of basic financial services and having had a negative impact on consumers. More importantly, the price caps and card routing regulations of the Durbin Amendment have taken valuable resources away from smaller banking institutions to line the pockets of mega-retailers who are making record profits. It is estimated that card issuers have lost $106 billion over the past decade as consumer options and access have diminished.

Earlier this year, the Government Accountability Office, an independent government agency, published a study which found that exchange regulations on debit card purchases were ranked among the most harmful laws negatively impacting the availability of fundamental banking services. Falling interchange revenue means smaller banks can no longer afford to offer popular services such as free checking accounts, low minimum balances and debit card rewards programs. George Mason University found that the Durbin Amendment increased our nation’s unbanked population by one million Americans.

Now Congress is seeking to replicate the Durbin Amendment by reducing and capping interchange fees for credit cards. They argue it will help consumers weather inflation and an economic downturn. Unfortunately, that didn’t happen the first time the Durbin Amendment was passed, and it won’t happen this time. If lawmakers are so interested in helping Missouri consumers during this economic downturn, why haven’t they looked at the failure of merchants to pass on the savings to consumers promised in the Durbin Amendment?

We have more than a decade of research clearly showing that the Durbin Amendment is bad policy that directly harms the ability, especially for people in rural Missouri, to access affordable banking services. We know that extending redemption caps to credit cards would threaten another popular banking service that Americans love: credit card rewards. Several studies have shown that credit card rewards programs, such as cash back and travel programs, benefit all income levels and are especially important for consumers trying to save money when prices rise due to inflation.

Now is not the time to reduce consumer access to financial services or to reduce the ability of community banks to guarantee the security of these services. Consumers have paid the price for the Durbin Amendment over the past decade. We should no longer pay the price.

We need Senators Roy Blunt and Josh Hawley to sit down with community bank leaders across the state to learn more about the essential role of interchange fees. Our elected leaders should do all they can to expand access to credit services in underbanked communities, without restricting them in favor of big-box retailers.

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Bharti Airtel prepaid packages that cost in four figures https://after-hours.org/bharti-airtel-prepaid-packages-that-cost-in-four-figures/ Tue, 21 Jun 2022 01:34:22 +0000 https://after-hours.org/bharti-airtel-prepaid-packages-that-cost-in-four-figures/ Bharti Airtel offers a series of prepaid plans that you can choose from. What is interesting with Airtel’s plans is that through their price they try to convey that Airtel is the “premium” player in the market. Simply put, Airtel wants customers to be happy to pay more and increase revenue. Airtel offers three prepaid […]]]>

Bharti Airtel offers a series of prepaid plans that you can choose from. What is interesting with Airtel’s plans is that through their price they try to convey that Airtel is the “premium” player in the market. Simply put, Airtel wants customers to be happy to pay more and increase revenue. Airtel offers three prepaid plans aimed at users looking for super long-term options. The thing about these plans is that they cost four figures. Let’s see what it’s all about.

Bharti Airtel Prepaid Plan Rs 1799

The Rs 1799 plan is the most affordable four-digit prepaid plan for consumers. It comes with a long-term validity of one year or 365 days and offers consumers 24 GB of data in total with unlimited voice calls and 3600 SMS. Airtel Thanks benefits included in this plan are – Free Wynk Music, Free Hellotunes, Apollo 24 | 7 Circle and Rs 100 cashback on FASTag.

Bharti Airtel Prepaid Plan Rs 2999

This is Bharti Airtel’s second four-digit prepaid plan. With the Rs 2999 prepaid plan, users get 2GB of daily data, unlimited voice calls and 100 SMS/day. This plan also carries a total validity of 365 days. The Airtel Thanks benefits included in this plan are the same as those users get with the Rs 1799 prepaid plan.

Bharti Airtel Prepaid Plan Rs 3359

This is the most expensive prepaid plan currently offered by Bharti Airtel. The Rs 3,359 prepaid plan does not only provide a long-term data advantage, but it also provides users with a major OTT (Over-The-Top) advantage. Users get 2.5 GB of daily data with this plan, unlimited voice calls and 100 texts/day for 365 days. The OTT benefit that comes with Airtel’s Rs 3359 plan is the Disney+ Hotstar Mobile for one year. There are other Airtel Thanks benefits included, which are the same that users get with the above plans.

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Crain’s Editorial: Distant World | Crain’s Cleveland Business https://after-hours.org/crains-editorial-distant-world-crains-cleveland-business/ Sun, 19 Jun 2022 10:00:00 +0000 https://after-hours.org/crains-editorial-distant-world-crains-cleveland-business/ Downtown Cleveland Alliance has done an amazing job creating events that bring downtown to life. The latest example: Lunch in the Lane, a series of pop-up block parties on Thursdays in different parts of downtown, all with food, games, live music and more. (The next one is this Thursday, June 23, from 11 a.m. to […]]]>

Downtown Cleveland Alliance has done an amazing job creating events that bring downtown to life. The latest example: Lunch in the Lane, a series of pop-up block parties on Thursdays in different parts of downtown, all with food, games, live music and more. (The next one is this Thursday, June 23, from 11 a.m. to 1:30 p.m. on Huron Road between Euclid Avenue and East 12th.)

Lunch in the Lane and other events planned for this summer have more than fun in mind. DCA is doing what it can to entice workers back to their downtown offices rather than working from home. The organization’s recovery report released in April showed that weekday foot traffic to eight major downtown office buildings has improved but remains at around half of pre-pandemic levels. This is a big challenge for a healthy downtown, which relies on a combination of spending not only from residents and local visitors/tourists, but also from workers who eat and shop before, during and after the working day. .

The slow-to-return workforce in Cleveland isn’t unique.

The New York Times, in a June 9 article, stated categorically that “optimism about plans to return to the office, across industries and cities, is slowly waning.”

For example, The Times noted that when consulting firm Gartner asked in early 2021 what share of their employees would be back in the office five days a week in the future, executives answered 50%; that figure has now fallen to around 20%, according to a recent Gartner survey update. Nationwide office occupancy has plateaued at around 43%, the newspaper reported.

Many early predictions about the long-term implications of the pandemic failed to materialize. People are returning to bars, restaurants, sporting events, cinemas, etc. But office work is another story. Those who have been able to work remotely “have clung to flexibility,” as the Times put it. A recent Pew Research study found that the often predicted “zoom fatigue” did not significantly materialize and that 60% of workers who can work from home wanted to work remotely most of the time or all the time. Other factors, including the cost and limited availability of child care and rising gas prices, are contributing to office workers’ desire to continue doing their jobs largely or entirely from home.

More than two years of working from home during the pandemic has shown that much office work does not require the office to be done efficiently. Companies that hope workers will realize they love the office more than they remembered, or that they might be lured in by free snacks and drinks, are up against the reality that many people genuinely prefer to work from home when possible. (Bonus: they control the temperature of their own office.)

It is not our role or our intention to advise companies on how they should manage their return to work policies. Business owners and managers need to realize this for themselves, designing strategies that suit their business’ situation and positions in the market.

On some level, it makes sense that there is a lot of experimentation. Companies that believe they have a unique office culture that requires work to be done largely or entirely in person should stick with that. If that means occasionally losing some talent, that’s a new data point to factor into the cost-benefit analysis in the shifting equation of how best to structure the workforce.

However, the implications for cities are significant.

Cleveland Chief Financial Officer Ahmed Abonamah told Cleveland.com that income tax accounts for about 65% of the city’s general fund and that downtown is the largest center of employment. The Ohio Supreme Court agreed to take a case, Schaad v. Adler, which discusses whether people who worked from home during the pandemic should have paid commuter income taxes while their offices were empty. Solving the case could have implications for tax collection in the future as more workers do their jobs remotely.

More broadly, Cleveland and other cities will have to contend with the likelihood that foot traffic for office work will be in permanent decline, and that to keep downtowns bustling they will have to ramp up residential development and find alternative permanent entertainment options to attract people. something other than a game or a concert. Cleveland, with over 20,000 residents and an apartment building boom, is headed in the right direction. But there is a lot of work to be done because the nature of work is changing.

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Study proves cool roofs will reduce energy consumption and district heating https://after-hours.org/study-proves-cool-roofs-will-reduce-energy-consumption-and-district-heating/ Fri, 17 Jun 2022 00:15:50 +0000 https://after-hours.org/study-proves-cool-roofs-will-reduce-energy-consumption-and-district-heating/ A cost-benefit analysis of the implementation of a cool roof by the University of New South Wales (UNSW) found that the technology would reduce energy bills, lower indoor temperatures, decrease district heating and would improve the health of vulnerable populations. The study looked at the uptake of cool roof technology in major Australian cities and […]]]>

A cost-benefit analysis of the implementation of a cool roof by the University of New South Wales (UNSW) found that the technology would reduce energy bills, lower indoor temperatures, decrease district heating and would improve the health of vulnerable populations.

The study looked at the uptake of cool roof technology in major Australian cities and was released a month after the New South Wales government abandoned an earlier policy commitment to phase out dark roofs. The policy would have reduced district heating and energy costs for new homes.

Cool roofs reflect more solar radiation than they absorb, so they stay cool in the sun.

The analyzes undertaken by the High Performance Architecture team from the School of Built Environment at UNSW Arts, Design & Architecture were part of a project funded by the Federal Ministry of Industry, Science, Energy and Resources (DISER).

The objective of the study was to assess the applicability and cost-benefit of using cool roof technology on buildings in Australia and to identify barriers to adoption.

Anita Lawrence, chair of high performance architecture at the UNSW School of Built Environment, said the study looked at the climate, social, economic and environmental impacts of implementing cold roofs in Australia.

“We used simulated climate modeling to understand conditions with and without cool roofs. The results showed that urban areas including western Sydney, Perth, Melbourne, Adelaide, Darwin and Brisbane had the most to gain from cool roofs,” Lawrence said.

“The need for cool roofs and other heat mitigation technologies should really be a priority. Otherwise, the cost of climate change in the next 10 to 15 years will be enormous.

The analyzes covered 17 building types, ranging from low-rise to high-rise, commercial to residential, and freestanding to apartment buildings.

Existing buildings with low levels of insulation have the most to gain in energy savings by installing cold roofs. Meanwhile, newer buildings with higher insulation levels have relatively less opportunity for energy savings compared to less insulated buildings, but there are still savings.

Research has shown that cold roof technology will significantly reduce cooling energy consumption. Indoor temperatures in residential homes would be reduced by up to 4 degrees Celsius with a cool roof, with hours exceeding 26 degrees Celsius reduced by 100 hours per summer compared to conventional roofs, which absorb sunlight rather than to reflect it.

If the whole of Sydney implemented cooling roofs, energy consumption for cooling residential and commercial buildings would decrease by up to 40% in total.

During the summer, a building in Western Sydney will require twice the energy to cool compared to the same building in Eastern Sydney.

In addition to energy savings for individual households, city-wide deployment of chilled roofs also provides collective cooling benefits for entire suburbs, according to the study.

With all Australian cities currently suffering from urban overheating, the implementation of cold roof and pavement technology will reduce temperatures in entire cities by up to two degrees Celsius during the summer period. This is because the heat is not transferred from the surfaces of the materials to the atmosphere.

Research also shows that using cool roofs citywide would reduce the maximum peak outdoor air temperature, which occurs at 2 p.m. each day, by an average of 1.5 to 2 degrees. Celsius during the summer.

Lower outside temperatures mean the air conditioning will work more efficiently. Along with reduced energy consumption, energy grids will experience reduced demand at peak times during the summer months, reducing emissions.

Cool roofs can reduce heat-related mortality by up to 25-30%.

Despite an established manufacturing sector producing cool roof materials nationally, a lack of legislation, policy support, accreditation standards and awareness is holding back the Australian cool roof industry, according to the research report.

If these barriers were overcome and cool roof technology was widely implemented, around 150,000 new jobs would be created in Australia, according to the study.

He discovered that the infrastructure is already there, as Australia has 10 different companies producing cool materials and exporting them around the world. Cool roof technology is widely used overseas.

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FD investors may have to wait longer to see benefits from rate hike https://after-hours.org/fd-investors-may-have-to-wait-longer-to-see-benefits-from-rate-hike/ Tue, 14 Jun 2022 17:35:15 +0000 https://after-hours.org/fd-investors-may-have-to-wait-longer-to-see-benefits-from-rate-hike/ In a bid to contain inflationary pressures, the Reserve Bank of India (RBI) raised the repo rate by 90 basis points (bps) in a short period to 4.9%. As a result, most banks have been quick to raise lending rates by around 40 to 90 basis points over the past month (see chart). But we […]]]>

In a bid to contain inflationary pressures, the Reserve Bank of India (RBI) raised the repo rate by 90 basis points (bps) in a short period to 4.9%. As a result, most banks have been quick to raise lending rates by around 40 to 90 basis points over the past month (see chart). But we still expect a significant rise in interest rates on fixed deposits (FD).

When the RBI cut the repo rate in 2020 to contain the economic impact caused by the pandemic, banks cut deposit rates to multi-year lows.

According to RBI data, the weighted average deposit rate offered by regular commercial banks in India fell by 149 basis points (one basis point equals one hundredth of a percentage point) from January 2020 to April 2022 to reach a low of 5.03%.

So why aren’t interest rates on FDs rising significantly, despite the current rise in repo rates?

Indeed, interest rates on FDs are directly linked to banks’ liquidity position and not to the repo rate, according to experts.

“Deposit rates are a function of the liquidity available to the bank and the competition between banks to attract more customers,” said Raj Khosla, founder of My Money Mantra.

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As the liquidity position of banks decreases, the requirement to obtain more funds in the form of DF increases. This is when banks typically raise deposit rates to attract new customers.

Going forward, deposit rates are expected to follow an upward trajectory.

Independent debt market analyst Joydeep Sen said “liquidity with banks has declined by around 8 trillion, at its peak, at about 3 trillion now. Bank liquidity is also expected to decline as credit drawdown increases. As attention shifts to deposits, interest rates offered on FDs will also gradually increase over the next year, but not at the same pace as repo-linked lending rates.”

Thus, FD investors may have to wait longer to see the benefits of higher interest rates. You can avoid investing in longer-term deposits now, as you may miss the opportunity to reinvest at higher rates as interest rates rise.

Deposits from small financial banks (SFBs) may also be considered as they offer interest rates 25 to 100 basis points higher than public and private sector banks. Deposits with SFBs are also covered by the Deposit Insurance and Credit Guarantee Corporation of India, under which each depositor is insured up to 5 lakh for principal and interest.

Cost of loans

Borrowers should be prepared for rising interest rates on their loans. Commenting on the impact on home loan borrowers, Adhil Shetty, CEO of BankBazaar, said “for borrowers with repo-linked home loans, the bottom will drop from 6.5% to 6.8% by 90 basis points. to 7.4%-7.7% on their next reset date, and will most likely exceed 8% in the near future New or refinancing borrowers with high eligibility (stable income, credit score above 800) can still negotiate slightly lower rates.”

If your loan is tied to the MCLR (Marginal Cost of Funds Lending Rate), the upward interest rate reset will occur on the next reset as mentioned in the loan agreement. “In a rising rate scenario, MCLR borrowers can assess whether it is cheaper to refinance to repo or to keep the same loan. We have seen that repo is cheaper in most cases,” Shetty added. .

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Drop pre-departure testing now https://after-hours.org/drop-pre-departure-testing-now/ Mon, 13 Jun 2022 00:23:00 +0000 https://after-hours.org/drop-pre-departure-testing-now/ Monday, June 13, 2022, 12:23 PMPress release: New Zealand National Party New Zealand should follow the US lead and drop all pre-departure testing requirements for inbound passengers, National COVID-19 Response spokesman Chris Bishop said. “Australia scrapped pre-departure testing weeks ago, and now the US is following suit. The world is moving on, but New Zealand […]]]>

New Zealand should follow the US lead and drop all pre-departure testing requirements for inbound passengers, National COVID-19 Response spokesman Chris Bishop said.

“Australia scrapped pre-departure testing weeks ago, and now the US is following suit. The world is moving on, but New Zealand insists anyone coming here must present a negative test before boarding a plane.

“Chris Hipkins admits the value of pre-departure testing is now low and a month ago said his ‘days are numbered’.

“If the government already thinks it has little value and is planning to get rid of it, why are we waiting until July 31?

“Testing before the start made sense when we were looking for elimination. But they don’t make sense when we already have thousands of cases a day at home.

“New Zealand tourism businesses and operators are crying out for help, and this is a simple and logical way to remove a barrier to coming here that has passed its use-by date.

“Kiwis can freely hop on a plane to Sydney but must test negative before returning home, which is often costly, disrupts travel plans and makes short trips abroad much more complicated than they might should be.

“A simple cost-benefit analysis would force the government to scrap testing now.

“The National has been calling for the abolition of pre-departure testing for weeks, and it’s time for the government to come to the party.”

© Scoop Media

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Climate resilience taken into account in Port Angeles https://after-hours.org/climate-resilience-taken-into-account-in-port-angeles/ Sat, 11 Jun 2022 08:30:00 +0000 https://after-hours.org/climate-resilience-taken-into-account-in-port-angeles/ PORT ANGELES — The City of Port Angeles hopes to incorporate a climate resilience plan, which addresses a range of issues from greenhouse gases to food insecurity, into its comprehensive 2022 plan amendment. “As an appendix to the overall plan, it would serve as an ambitious document that could be used to inform implementation efforts […]]]>

PORT ANGELES — The City of Port Angeles hopes to incorporate a climate resilience plan, which addresses a range of issues from greenhouse gases to food insecurity, into its comprehensive 2022 plan amendment.

“As an appendix to the overall plan, it would serve as an ambitious document that could be used to inform implementation efforts with stakeholders, the capital plan, and integration into the periodic update of the overall plan. in 2025,” said interim Emma Bolin. director of community and economic development.

The first reading and the public hearing took place on Tuesday during the ordinary meeting of the municipal councils.

A second reading and public hearing are scheduled for June 21, when the plan is expected to be considered for adoption. The public can submit comments to City Clerk Kari Martinez-Bailey at [email protected]

The public can join the meeting virtually via WebX https://cityofpa.webex.com/cityofpa/onstage/g.php?MTID=ec2d0d5f267fe9daa7ccdabc1c8526d15

Changes to the overall plan must be adopted by June 30.

Details of the plan can be found on the city’s website at https://www.cityofpa.us/1010/Climate-Resiliency-Plan

“This plan represents a multi-year collaborative initiative with the Climate Action Volunteer Group, Cascadia Consulting and our planning commission,” Bolin said.

The plan includes several tasks, such as the completion of a greenhouse gas inventory measuring both government and community emissions as well as a multi-criteria analysis process.

“The multi-criteria analysis is meant to be a tool the city can use in decision-making as well as a demonstration of its commitment to a carbon-neutral 2030,” Bolin said.

The plan is divided into five sections: Community Health and Wellbeing, Ecosystem Health, Transportation, Buildings and Energy, and Consumption and Waste.

Each section includes goals focused on the general interests of that section, the city’s progress in that section, and the community-wide progress in that section. Each section offers two strategies with actions that would determine success.

There are 70 stocks in all, but Cascadia Consulting, using the multi-criteria analysis tool, Cascadia Consulting analyzed and evaluated 40 stocks.

Cascadia Consulting was hired in November 2020 to do this work.

Port Angeles resident Bob Vreeland encouraged everyone to read the draft climate plan and listed some of his favorite actions.

“Action number two, food security by supporting local agriculture and farmers markets. Number four assesses climate mitigations and impact with a forecast every five years. Action number nine, the city budget request for a full-time resilience plan coordinator and an annual climate bulletin including high school students in the work,” Vreeland said.

Planning Commission member Ben Stanley urged council to approve the plan, but also urged members to tighten it up.

“Many of us on the planning commission would like to narrow the focus of this plan,” he said.

“I see the plan as it stands as essentially a menu of options to choose from and I think we recognize that we can’t act on all of them right now with current levels of funding,” he said. -he adds.

“But I think we would all like to work to come up with a narrower, more focused list of recommendations in conjunction with the cost-benefit analysis that we mentioned to be realistic about how we can implement these things,” said Stanley.

Board member Lindsey Schromen-Wawrin noted that this is something the board has been working on for many years.

“We’ve wanted to do this planning for a number of years, and during that time we were dealing with staff shortages in our management team and Nathan (West) said ‘wait’ because we want to make sure it’s a plan. that we can implement and not just something we do to tick a box and put it on a shelf,” Schromen-Wawrin said.

“So it’s been a commitment from our staff and this council and the challenge of course is to make it real.”

________

Journalist Ken Park can be reached at [email protected].

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Liberals failing Canadians with rising cost of living, they must act now « Canada’s NDP https://after-hours.org/liberals-failing-canadians-with-rising-cost-of-living-they-must-act-now-canadas-ndp/ Thu, 09 Jun 2022 17:16:19 +0000 https://after-hours.org/liberals-failing-canadians-with-rising-cost-of-living-they-must-act-now-canadas-ndp/ Canadian NDP Leader Jagmeet Singh issued the following statement: “Canadians are feeling increasingly anxious as rising costs make it difficult to feed their families and pay the bills. They survived the tough last two years of the pandemic, only to get by and be hit by soaring prices for gas, groceries and rent. People need […]]]>

Canadian NDP Leader Jagmeet Singh issued the following statement:

“Canadians are feeling increasingly anxious as rising costs make it difficult to feed their families and pay the bills. They survived the tough last two years of the pandemic, only to get by and be hit by soaring prices for gas, groceries and rent.

People need to act now, but instead of helping people make ends meet, the Liberal government is leaving Canadians to fend for themselves.

Worse, the Liberal government cut the Canada Child Benefit, a benefit families rely on in their household budgets, for those who received CERB when they needed it. Another blow for people who are already struggling to make ends meet.

The United Nations has said it very clearly: people are facing the biggest cost of living crisis in a generation – they need more money in their pockets now to survive.

New Democrats know that when people are in crisis, leaders do not sit idly by. Solutions exist to help families, such as doubling the GST rebate and adding $500 to each Canada child benefit. We just have to act.

Instead, the Liberals continue to prioritize the profits of wealthy corporations and once again leave people to fend for themselves in times of crisis. It’s wrong. New Democrats don’t answer to the powerful – we fight for families. And we will continue to fight to make people’s lives more affordable.

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Choosing a pension plan for your business – Milford-Orange Times https://after-hours.org/choosing-a-pension-plan-for-your-business-milford-orange-times/ Wed, 08 Jun 2022 00:54:35 +0000 https://after-hours.org/choosing-a-pension-plan-for-your-business-milford-orange-times/ By Matt GallagherYour Finances Matt Gallagher Connecticut business owners were recently notified of the launch of the state-mandated retirement program, MyCTSavings. The program is a good faith effort by the state government to address the current retirement savings crisis. The MyCTSavings website touts the program as a “seamless way to help Connecticut employees save and […]]]>

By Matt Gallagher
Your Finances

Matt Gallagher

Connecticut business owners were recently notified of the launch of the state-mandated retirement program, MyCTSavings. The program is a good faith effort by the state government to address the current retirement savings crisis. The MyCTSavings website touts the program as a “seamless way to help Connecticut employees save and plan for retirement,” especially for the “more than 600,000 private sector employees who don’t have a pension plan.” employer-sponsored retirement savings.

The program requires employers with five or more employees who do not currently offer a retirement plan to provide a payroll mechanism that allows employees to contribute to a Roth IRA. Employers will be responsible for providing eligible employees with program information and for deducting and remitting contributions in a timely manner.

Depending on the number of employees, employers will need to implement the program between June 2022 and March 2023.

For many Connecticut business owners, the launch of the state-run program is viewed with concern and some skepticism. Past attempts by the state to introduce similar programs have failed, and private business owners generally prefer to decide for themselves whether or not to offer a retirement benefit. However, since the state mandates this program, employers should examine the retirement plan landscape and decide which plan best suits their company and its goals.

For most employers who do not currently offer retirement benefits, the primary concern is cost. Benefits programs, including pension plans, can be costly, both in actual expense and in administrative burden. In a competitive landscape, many employers don’t believe they can streamline by offering additional perks.

To allay these concerns and ensure they are making an informed decision about this type of benefit, business owners should consider the following:

Does the business owner have a retirement strategy and would he consider participating in it himself? By contributing to a qualifying plan, a business owner can build retirement savings while reducing their tax liability. In many cases, reducing taxes can greatly mitigate the cost of the plan. However, since most plans are subject to compliance testing, business owners may be required to offer some consideration or employer contribution if they wish to participate. Conversely, if an employer has no interest in participating, it could offer a plan without compulsory contributions.

In an extremely tight labor market, would a pension plan help you recruit and retain talent? Finding qualified employees in today’s job market is a real challenge, and offering a retirement plan can set employers apart. Most plans provide a vesting schedule for employer contributions to further help retain talent.

Would cost controls, such as discretionary employer matching or eligibility criteria, allay concerns about plan costs? Employers have some discretion in terms of plan design, which may limit the type of employees eligible to participate and what they might choose to contribute.

Consider participating in a group employer plan. PEPs, which were created under the SECURE Act in 2019, allow unrelated companies to come together to offer a 401(k) plan. PEPs have the potential to be less expensive, limit liability and allow employers to outsource most of the administrative and compliance burden.

Connecticut business owners who don’t currently offer a retirement plan will have to make some decisions. The state has begun implementing a mandatory program, but there are other options to consider. A retirement plan, like any employee benefit, must align with the objectives of the company in question. Knowing your options will help you make a sensible decision.

Matt Gallagher is a Partner and Head of Business Development at TrinityPoint Wealth. He can be reached at 203-693-8519 or mgallagher@trinitypointwealth.com.

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