Lending – WLAN Secure http://w-lansecure.biz/ Wed, 13 Apr 2022 13:14:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://w-lansecure.biz/wp-content/uploads/2021/04/default.png Lending – WLAN Secure http://w-lansecure.biz/ 32 32 Fed plans to continue supporting economy “for some time,” according to minutes https://w-lansecure.biz/fed-plans-to-continue-supporting-economy-for-some-time-according-to-minutes/ https://w-lansecure.biz/fed-plans-to-continue-supporting-economy-for-some-time-according-to-minutes/#respond Thu, 08 Apr 2021 02:38:35 +0000 https://w-lansecure.biz/fed-plans-to-continue-supporting-economy-for-some-time-according-to-minutes/ Through Howard schneider, Anne Saphir WASHINGTON (Reuters) – Federal Reserve officials remain cautious about the lingering risks of the coronavirus pandemic and have pledged to support the economy until its recovery is more secure, the report of the Commission revealed on Wednesday. last US central bank policy meeting. FILE PHOTO: Federal Reserve Chairman Jerome Powell […]]]>

WASHINGTON (Reuters) – Federal Reserve officials remain cautious about the lingering risks of the coronavirus pandemic and have pledged to support the economy until its recovery is more secure, the report of the Commission revealed on Wednesday. last US central bank policy meeting.

FILE PHOTO: Federal Reserve Chairman Jerome Powell poses for photos with Fed Governor Lael Brainard (left) at the Federal Reserve Bank of Chicago in Chicago, Illinois, U.S. June 4 2019. REUTERS / Ann Saphir / File Photo

With their own forecasts projecting the strongest US economic growth in nearly 40 years, “participants agreed that the economy was falling far short of (the Fed’s) longer term targets and the way forward remained very uncertain.” the March 16 minutes. -17 meeting says.

“Participants noted that it will probably take some time” before conditions improve enough for the central bank to consider reducing its current level of support.

Although several policymakers at the meeting indicated that they believed interest rates might have to rise earlier than expected by most of their colleagues, and perhaps as early as next year, there was little sentiment. urgently around this issue in the minutes.

Labor markets were improving, but remained torn by the pandemic. Inflation would pick up, the minutes noted, but would likely subside next year. A recent surge in US Treasury yields was “generally seen as reflecting improving economic prospects.”

Only a few officials cited potential risks to financial stability stemming from the Fed’s current policy of keeping its overnight key rate close to zero and buying $ 120 billion in bonds each month – a parameter that, according to the Fed, is stuck until the economy is on track. way to be healed.

This process is underway, with the economy bolstered by Fed support, massive budget spending pushed by the White House and passed by Congress, and an accelerated COVID-19 vaccination program.

But even with a “brighter outlook,” Fed Governor Lael Brainard told CNBC the wounds in the economy remain deep and the Fed’s new approach is to not act as long as its targets are. employment and inflation are not achieved.

Policymakers expect “considerably better results on growth, jobs and inflation” in the months to come, Brainard said. “But it’s a prospect. We will really have to see that in the data ”, and with millions of jobs still missing due to the pandemic“ we still have a way to go ”.

But progress can also be rapid as the economy reopens and the impact of vaccines is felt. The US economy created nearly a million jobs in March, and that pace may well continue as more activity is seen as safe to pick up.

Bob Miller, BlackRock’s head of fixed income for the Americas, said he felt the Fed could no longer document the gap between the economy’s continued progress and its own insistence on maintaining policies designed to a crisis.

“It’s hard to understand how the policy is properly calibrated now. The same emergency position remains despite the absence of emergency conditions, ”Miller wrote. “The reluctance to recognize the degree of improvement seems increasingly contested,” a position that may need to change by the time the Fed policy meeting in June.

‘READY TO BE BOLDER’

The prices of various securities affected by the Fed’s target interest rate show that investors expect the central bank to raise rates sooner than its own projections indicate.

Chicago Fed Chairman Charles Evans, who agrees with the majority of his colleagues that the Fed’s benchmark overnight interest rate is likely to remain near zero until 2023, said he envisioned an uncomfortable period of higher inflation this year. But he insisted that the Fed should not move until it is sure prices will not fall below its 2% inflation target.

“We really have to be patient and be prepared to be bolder than most conservative central bankers would choose to be,” he told reporters after an event hosted by the University of Nevada, Reno.

Speaking separately in a virtual session hosted by UBS, Dallas Fed Chairman Robert Kaplan reiterated his long-standing concerns that low interest rates and Fed bond purchases could fuel the excesses in the markets.

Once the pandemic has receded, Kaplan said, the Fed is expected to cut its bond purchases and raise rates in 2022, and he has indicated that he may even be willing to do both at the same time.

Reporting by Howard Schneider, Ann Saphir, Jonnelle Marte; Editing by Dan Burns, Andrea Ricci and Paul Simao

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Walmart pledges $ 350 billion to support US manufacturing https://w-lansecure.biz/walmart-pledges-350-billion-to-support-us-manufacturing/ https://w-lansecure.biz/walmart-pledges-350-billion-to-support-us-manufacturing/#respond Thu, 08 Apr 2021 02:38:21 +0000 https://w-lansecure.biz/walmart-pledges-350-billion-to-support-us-manufacturing/ Walmart said on Wednesday it would spend an additional $ 350 billion over the next 10 years to support American factory. The additional funds will be spent on items manufactured, grown or assembled in the country, which Walmart general manager John Furner says will create more than 750,000 new jobs in the United States. Teleprinter […]]]>

Walmart said on Wednesday it would spend an additional $ 350 billion over the next 10 years to support American factory.

The additional funds will be spent on items manufactured, grown or assembled in the country, which Walmart general manager John Furner says will create more than 750,000 new jobs in the United States.

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“We wanted to bring our customers great new products that are sourced locally, and we wanted to support more jobs in the United States,” Furner said in a statement Wednesday.

The company will focus its investments on domestic manufacturers that produce plastics, textiles, small appliances, food processing, and pharmaceutical and medical supplies.

“The result is more jobs for Americans – a lot more jobs,” Furner said.

The company’s engagement began in 2013, investing “$ 250 billion in products made, grown or assembled in America.”

A Walmart associate assists a customer. (Creative Touch Imaging Ltd./NurPhoto via Getty Images)

Now, with “more and more companies choosing to locate their manufacturing operations in the United States,” Furner believes Walmart can do more to support American jobs.

He cited one of his suppliers in South Carolina, Techtronic Industries (TTI), as an example.

To date, TTI employs over 1,500 people and assembles products that are sold in Walmart stores and on Walmart.com. However, over the next two years, the company plans to double its workforce at the Anderson site.

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Focusing on local suppliers, Walmart said it would be able to reduce its carbon emissions by 100 million metric tons.

His latest engagement will also increase his “support for small businesses and various vendors and vendors based here in the United States.”

Around 9,000 entrepreneurs will also have the opportunity to become suppliers and sellers thanks to the annual open call events with the additional funds, Walmart said.

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10 people trapped in 2 minivans, hospitalized after frontal accident in Massachusetts city https://w-lansecure.biz/10-people-trapped-in-2-minivans-hospitalized-after-frontal-accident-in-massachusetts-city/ https://w-lansecure.biz/10-people-trapped-in-2-minivans-hospitalized-after-frontal-accident-in-massachusetts-city/#respond Thu, 08 Apr 2021 02:38:12 +0000 https://w-lansecure.biz/10-people-trapped-in-2-minivans-hospitalized-after-frontal-accident-in-massachusetts-city/ Ten people who were injured after two minivans collided head-on in a Massachusetts town Thursday night were trapped inside the cars when rescued by first responders, authorities said. Firefighters were dispatched to the scene of the serious multiple-vehicle crash at the intersection of Washington and Purchase streets in Easton shortly before 5:10 p.m. The two […]]]>

Ten people who were injured after two minivans collided head-on in a Massachusetts town Thursday night were trapped inside the cars when rescued by first responders, authorities said.

Firefighters were dispatched to the scene of the serious multiple-vehicle crash at the intersection of Washington and Purchase streets in Easton shortly before 5:10 p.m. The two vans, a Toyota and a Honda, collided head-on, according to the report. a declaration of the city fire department.

Easton Engine 12 arrived within five minutes and found several people trapped inside the two white vans. Using hydraulic rescue tools, firefighters got to work safely removing parts from the vehicles. Inside one of the cars, they found eight adults with various injuries, the department statement said.

Minutes later, Easton Engine 11 arrived at the scene and discovered that the two occupants of the second van were also in need of medical attention, the statement said.

Ten ambulances have been requested and hospitals in the region have been put on alert. Fire and rescue teams then began a triage operation to prepare the injured for transport to hospitals. Some of those injured were given neck collars and splints, and the most seriously injured patients were first loaded into ambulances, the department said.

The 10 people were taken to two nearby hospitals. Their injuries are not considered life threatening, officials said.

Easton ward medical director Dr Henry Crowley and other Easton Police Department command staff also assisted at the scene, officials said.

Easton Deputy Fire Chief Jonathan Carroll, who served as the incident commander in responding to the severe accident, noted that the 10 people inside the minivans were “extraordinarily lucky to escape without more serious injuries ”.

“Considering the extent of the damage and the number of occupants in this frontal accident, it is very fortunate that no one appears to have been seriously injured,” he said in the department’s statement. “Our fire teams and our support partners are to be commended for their quick response and aggressive work on Thursday evening.”

The accident is being investigated by Easton Police.

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Farmer unions protest against FCI direct payment and rental document orders https://w-lansecure.biz/farmer-unions-protest-against-fci-direct-payment-and-rental-document-orders/ https://w-lansecure.biz/farmer-unions-protest-against-fci-direct-payment-and-rental-document-orders/#respond Thu, 08 Apr 2021 02:37:57 +0000 https://w-lansecure.biz/farmer-unions-protest-against-fci-direct-payment-and-rental-document-orders/ Recent orders from the Food Corporation of India have led to a new flashpoint in ongoing farmer protests, with agricultural unions warning that Center’s insistence on direct payment and rental documents could derail the process supply of crops. On Monday, agricultural unions affiliated with Samyukt Kisan Morcha demonstrated outside FCI offices in Punjab and Haryana, […]]]>

Recent orders from the Food Corporation of India have led to a new flashpoint in ongoing farmer protests, with agricultural unions warning that Center’s insistence on direct payment and rental documents could derail the process supply of crops.

On Monday, agricultural unions affiliated with Samyukt Kisan Morcha demonstrated outside FCI offices in Punjab and Haryana, as well as in places in other states such as Andhra Pradesh, Uttar Pradesh and Rajasthan. Declaring FCI Bachao Divas (or Save FCI Day), the farmers demanded an immediate withdrawal of recent orders.

“The government should cancel the provision of direct payment to the bank account. Implementing it in haste can lead to many complex issues that will prevent so many farmers from getting their price from the crop, ”said a letter from SKM to the Ministry of Food and Consumer Affairs. The FCI has insisted that paying direct to farmers’ bank accounts, bypassing powerful arhatiyas or commission agents, will lead to greater transparency and accountability. Since the arhatiyas play a key role in the agricultural ecosystem of Punjab and Haryana by providing agricultural loans, a large part of the farmers as well as the government of Punjab opposed it.

Another FCI ordinance states that sharecroppers and sharecroppers must produce a jamabandhi, or legal agreement proving that they have the right to plow the leased land, in order to be paid for the crops purchased. Thousands of sharecroppers do not have such agreements and will be hit hard by this movement. SKM is also requesting that this order be withdrawn.

The FCI’s proposals to tighten the quality requirements for the supply of wheat and paddy from the next marketing year are also contested.

At a broader level, farmers linked their issues with the CFI to their existing demands to repeal agricultural laws and enact a legal guarantee for the purchase of all crops and minimum support prices.

“Private control”

“The laws will increase private sector control over food grain storage, cold storage, food processing and marketing,” All India Kisan Sabha said in a letter to the prime minister.

“Ultimately, the government plans to end the distribution of subsidized food under [the Public Distribution System] and reduce it to a money transfer system under pressure from the [World Trade Organisation] and imperialist countries like the United States. He also plans to sell the FCI warehouses to the private sector to repay debts, ”he added, accusing the Center of cutting the FCI budget and supply centers in recent years.

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Explore Financials – Consensus Says Potential 12.3% Rise https://w-lansecure.biz/explore-financials-consensus-says-potential-12-3-rise/ https://w-lansecure.biz/explore-financials-consensus-says-potential-12-3-rise/#respond Thu, 08 Apr 2021 02:37:34 +0000 https://w-lansecure.biz/explore-financials-consensus-says-potential-12-3-rise/ Discover financial services with ticker code (DFS) now have 18 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price varies between 120 and 94 by calculating the average target price that we have 108.89. Now, with the previous closing price of 96.96, this indicates that there is a potential […]]]>

Discover financial services with ticker code (DFS) now have 18 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price varies between 120 and 94 by calculating the average target price that we have 108.89. Now, with the previous closing price of 96.96, this indicates that there is a potential upside of 12.3%. The 50-day moving average is now at 95.94 and the 200-day moving average is now at 81.1. The company has a market capitalization of $ 28,821 million. Visit the company’s website at: http://www.discover.com

Discover Financial Services, through its subsidiaries, operates as a digital banking and payments company in the United States. It operates in two segments, digital banking and payment services. The Digital Banking segment provides individuals with Discover brand credit cards; and other consumer products and services, including private student loans, personal loans, home loans and other consumer loans, as well as deposit products, such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, checking accounts, and sweep accounts. The Payment Services segment operates the PULSE network, a network of automated teller machines, debit and electronic funds transfer; Diners Club International, a payment network that issues Diners Club branded payment cards and / or provides card acceptance services; and Discover Network, which processes Discover-branded credit and debit card transactions, and provides payment transaction processing and settlement services. The company was incorporated in 1960 and is headquartered in Riverwoods, Illinois.

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GOP plans for federal loans stimulus spending may not be allowed https://w-lansecure.biz/gop-plans-for-federal-stimulus-spending-may-not-be-allowed/ https://w-lansecure.biz/gop-plans-for-federal-stimulus-spending-may-not-be-allowed/#respond Thu, 08 Apr 2021 02:37:11 +0000 https://w-lansecure.biz/gop-plans-for-federal-stimulus-spending-may-not-be-allowed/ GOP plans for federal loans stimulus spending may not be allowedMadison, Wisconsin (AP) MADISON, WI (AP) The majority of Wisconsin Republicans plan to spend 3.2 billion of federal stimulus funds could not be permitted under the law or require to be repaid an analysis that is non-partisan shows swift moving bills. The Legislature. What would you like to learn about HTML0? Most of Wisconsin Republicans are […]]]> GOP plans for federal loans stimulus spending may not be allowed

Madison, Wisconsin (AP) MADISON, WI (AP) The majority of Wisconsin Republicans plan to spend 3.2 billion of federal stimulus funds could not be permitted under the law or require to be repaid an analysis that is non-partisan shows swift moving bills. The Legislature.

What would you like to learn about HTML0?

  • Most of Wisconsin Republicans are planning to spend 3.2 billion of federal stimulus funds might not be allowed under law , or might have to be paid back in accordance with non-partisan analyses of bills moving quickly throughout the legislature.
  • The law grants the governor control over the majority of the funds, and the governor provided no details about the way he plans to spend the money. Evers said he will veto Republican initiatives.
  • The bill specifies how around $ 2.7 billion in state funds will be used in addition to an undetermined amount for the unemployment benefits.
  • Federal law generally permits the money to be utilized by 2024 in order to address the coronavirus pandemic and to replace lost income due to the outbreak; investing in sewers, water and broadband infrastructure. Paying the essential state employees as high as $ 13 per hour, and pay non-government organizations that travel goods and passengers for the federal government.

Republicans are expected to vote on legislation that will allow them to spend federal funds in the way they would like

Republicans are expected to vote on legislation that will allow them to spend federal funds the way they wish, and not according to what Democratic governor Tony Evers sees fit. The law grants the governor the power to spend the bulk of the money , and he has gave no details about what he will do with the money. Evers has stated that he’ll veto Republican initiatives.

A collection of 11 bills proposed from Republicans this week are scheduled to a public hearing and vote in the finance committee joint of the budget-writing legislature on Wednesday. The bills outline how around $ 2.7 billion in state funds will be allocated and include an unspecified amount to be used for benefit recipients of unemployment insurance.

But an independent Tax Legislative Office has determined that three of the plans call for spending around $626 million in areas that aren’t permitted under federal law. Additionally, there is a 1 billion tax cut on property to all Wisconsin homeowners and funds earmarked for UI could need to be reimbursed by the state according to the finance office. These are things like payday loans, consumer leases and buy now-pay later. If you want to get a payday loan today, you must get it now.

The Fiscal Bureau said it appears the federal law won’t allow Republican plans to revoke the bonds worth $ 250 million for projects in transportation; $308 million in loans for road construction projects in the local area; and $68 million to upgrade a state-wide public safety communications system . This would expand the number of beds for psychiatric patients in the Sacred Heart Hospital in Eau Claire.

Federal law generally permits the funds to be used in 2024 to combat the coronavirus pandemic.

Federal law typically permits the funds to be utilized in 2024 to combat the coronavirus pandemic, to replace lost income due to the outbreak; investing in sewers, water and broadband infrastructure. It also pays the essential state employees up to 13 dollars an hour and paying non-government entities to transport goods and passengers for the federal government.

However, no clear guidance on how to use federal funds has been provided and this has led officials from the Wisconsin Fiscal Bureau to say that it’s not certain in many cases which Republican bills will be accepted. .

The Republican budget proposals for spending that would be approved, according to the Finance Bureau, included $ 500 million to expand broadband as well as 200 million dollars for small-scale businesses; 150 million to support nursing assisted living and homes as well as $ 75 million in tourism subsidy; $61 million to combat water pollution; and 50 million for economic development in rural areas.

If the legislature does pass the legislation, perhaps in the next week the bills are likely to be vetoed by Evers. When asked about the GOP’s plans to create its own ideas in the near future, an Evers spokesperson said she was refusing to veto a bill that would require the legislature to authorize the way in which money is used.

Evers last week announced that the government could consider spending $600 million of federal dollars to assist small-scale businesses; $50 million to support the tourism industry, 200 million dollars to modernize infrastructure, including broadband connectivity as well as 500 million dollars for responses to pandemics.

Co-chair of the Budget Committee Rep. Mark Born on Tuesday said he would support the continuation of Republican bills that Evers is likely to vote to veto.

“It’s his prerogative, but it’s not going to make me change my decision,” Born stated.

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Roku Acquires Nielsen TV Advertising Business, Announces Strategic Alliance https://w-lansecure.biz/roku-acquires-nielsen-tv-advertising-business-announces-strategic-alliance/ https://w-lansecure.biz/roku-acquires-nielsen-tv-advertising-business-announces-strategic-alliance/#respond Thu, 08 Apr 2021 02:36:34 +0000 https://w-lansecure.biz/roku-acquires-nielsen-tv-advertising-business-announces-strategic-alliance/ Roku (NASDAQ: ROKU) and Nielsen Holdings (NYSE: NLSN) on Monday announced a groundbreaking deal that will take the streaming platform’s digital advertising business to the next level. Roku will acquire Nielsen’s Advanced Video Advertising business, which uses Automatic Content Recognition (ACR) and a Dynamic Ad Insertion System (DAI). This will allow Roku to digitally replace […]]]>

Roku (NASDAQ: ROKU) and Nielsen Holdings (NYSE: NLSN) on Monday announced a groundbreaking deal that will take the streaming platform’s digital advertising business to the next level. Roku will acquire Nielsen’s Advanced Video Advertising business, which uses Automatic Content Recognition (ACR) and a Dynamic Ad Insertion System (DAI). This will allow Roku to digitally replace ads on linear television streams (broadcast) with targeted spots at household level on its over-the-top (OTT) streaming platform.

The companies also announced a multi-year pact that will integrate Nielsen’s rating measurement tools on Roku’s platform. The collaboration will significantly expand the ability to measure advertising performance on nearly 100 million smart TVs and other devices, helping marketers better monetize their addressable advertising.

Image source: Getty Images.

“Combining Nielsen [Advanced Video Advertising] Roku’s innovative advertising technology and scale will allow us to bring the benefits of streaming TV advertising to traditional TV, ”said Louqman Parampath, vice president of product management at Roku. “Roku will bring the promise of DAI to market for the first time at scale, delivering better targeting and metrics for advertisers, creating easy onboarding and additional revenue opportunities for ad sales teams across the world. programmers, and improving the TV experience for viewers. “

This is a further expansion of Roku’s digital advertising ambitions. In late 2019, the company acquired advertising technology company DataXu (pronounced “Data Zoo”), which enables marketers to plan and purchase video ad campaigns. The platform offers automated and self-service auction software to manage programmatic advertising campaigns on digital platforms.

Marketers spend more than $ 70 billion on traditional TV advertising, according to Roku. He cited data from Magna Global showing that while OTT makes up about 29% of all TV shows, it only accounts for 3% of TV advertising budgets.

This represents a huge opportunity for Roku, and these latest acquisitions better position the company to capture a much larger percentage of TV advertising dollars.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Baldwin and Thune push to make more farmers eligible for the 2nd PPP loan https://w-lansecure.biz/baldwin-and-thune-push-to-make-more-farmers-eligible-for-the-2nd-ppp-loan/ https://w-lansecure.biz/baldwin-and-thune-push-to-make-more-farmers-eligible-for-the-2nd-ppp-loan/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://w-lansecure.biz/baldwin-and-thune-push-to-make-more-farmers-eligible-for-the-2nd-ppp-loan/ US Senator from Wisconsin Tammy Baldwin and Republican Senator John Thune from South Dakota are urging the US Department of the Treasury and the Small Business Administration (SBA) to make more farmers eligible for the second round of PPP funds. Senators call on the Treasury Department and SBA to issue guidelines excluding Coronavirus Food Assistance […]]]>

US Senator from Wisconsin Tammy Baldwin and Republican Senator John Thune from South Dakota are urging the US Department of the Treasury and the Small Business Administration (SBA) to make more farmers eligible for the second round of PPP funds.

Senators call on the Treasury Department and SBA to issue guidelines excluding Coronavirus Food Assistance Program (COFOG) payments from 2020 gross receipts to farmers and ranchers for the purpose of securing a second loan through the Program paycheck protection (PPP).

“Recognizing the significant market volatility and the financial hardships farmers and ranchers across the country were facing as a result of the coronavirus pandemic, Congress last year provided the authority and funding for the USDA to support producers, ”wrote the senators. “As a result, USDA created COFOG, which provided much needed financial assistance to producers to ensure they were able to continue to provide our country with a secure and plentiful food supply. Therefore, we respectfully request that you clarify through additional guidance or an FAQ that COFOG payments provided to farmers and ranchers in 2020 are not factored into gross receipts in order to demonstrate a reduction in 25% of revenues in 2020 compared to 2019. ”

Last year, the couple introduced legislation to make farmers excluded from PPP eligible. The legislation was included in the recently adopted Economic Aid Law, which increased the capacity of struggling small farmers to access PPP.

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2 years after grand jury report on clergy sexual abuse in Pennsylvania, legal action continues https://w-lansecure.biz/2-years-after-grand-jury-report-on-clergy-sexual-abuse-in-pennsylvania-legal-action-continues/ https://w-lansecure.biz/2-years-after-grand-jury-report-on-clergy-sexual-abuse-in-pennsylvania-legal-action-continues/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://w-lansecure.biz/2-years-after-grand-jury-report-on-clergy-sexual-abuse-in-pennsylvania-legal-action-continues/ HARRISBURG, Pa. (AP) – The Roman Catholic dioceses of Pennsylvania have faced about 150 lawsuits from people who say they have been sexually abused as a child by priests and hopefully a state court ruling last year circumvented the deadlines for legal claims. Lawyers involved in the litigation said they were still receiving notifications of […]]]>

HARRISBURG, Pa. (AP) – The Roman Catholic dioceses of Pennsylvania have faced about 150 lawsuits from people who say they have been sexually abused as a child by priests and hopefully a state court ruling last year circumvented the deadlines for legal claims.

Lawyers involved in the litigation said they were still receiving notifications of new cases on Thursday and awaiting dozens more.

The rush to the courthouse is linked to a historic grand jury report published two years ago who documented seven decades of pedophilia within the Catholic Church in Pennsylvania. State civil litigation rules generally require that legal action be taken within two years of when a person realizes they have been wronged.

The bulk of the new cases have been filed against the Dioceses of Pittsburgh, Allentown, Scranton and Philadelphia, but the approximately 150 lawsuits reach all eight dioceses.

“In the last 30 or 60 days, the number of similar filings has exploded” as the report’s second anniversary approaches, said David Dye, lawyer for the Pennsylvania Catholic Conference.

New lawsuits rely on intermediate appeal the June 2019 court ruling that allowed Renee Rice to continue her lawsuit against the Diocese of Altoona-Johnstown, a case that was dismissed by a Blair County judge in 2017 because the statute of limitations had long expired. Rice said she was sexually assaulted by Reverend Charles Bodziak, a Roman Catholic priest from Altoona, and church officials covered it up.

The Associated Press does not generally name people who say they have been sexually assaulted unless they wish to be identified, and Rice has indicated that it does. Bodziak previously denied the allegation, and his lawyer did not respond to a message left on Thursday.

The lower court ruled that Rice could try to persuade a jury that the silence of church officials about the priest amounted to a fraudulent cover-up and that the diocese may have “instigated” Rice “to relax or unwind. depart from his right of inquiry “by not disclosing information about Bodziak’s story or efforts to cover it up, the Superior Court said.

Casey Coyle, an attorney for the Diocese of Scranton, said the anniversary of the grand jury report on Friday fueled new lawsuits that rely heavily on the Rice decision. Filing a complaint within two years of the report – arguing that the report alerted the victim to previously unknown harm – could protect the case from dismissal on prescription grounds.

“The plaintiffs, in an attempt to circumvent the obsolete nature of the claims, they all allege they were unaware of a particular cause of action or particular harm” prior to the 2018 grand jury report, Coyle said.

Rice’s attorney, Richard Serbin, said he has filed half a dozen lawsuits that rely heavily on the Rice decision in the past two weeks.

“Who knew, before this report was released, of the conspiracy within every diocese of Pennsylvania, if not the entire church, to cover up the child sex abuse crisis? Serbine said. “It was therefore only when this information was disclosed that the people I represent (…) became aware of the crisis and the fraud that had been committed.”

The state’s Supreme Court said in March it would reconsider the Superior Court ruling that gave Rice, now 52, ​​an opportunity to sue for abuse which it says has occurred for several years as a child, until 1981. The High Court could hear oral arguments. in the case as early as October.

Lawyers for the Diocese of Scranton said in a brief filed in late May that at that time it was the defendant in five of the 25 civil lawsuits “which all raise the same, or substantially the same, theories and claims” since the decision of the Superior Court was rendered in the Rice case.

Scranton has since been sued about 25 more times.

“If lawsuits like this continue or are allowed to continue, really, I think every diocese in Pennsylvania will strongly consider bankruptcy and I guess many of them will go that route,” said Matt Haverstick, lawyer. of the Dioceses of Harrisburg and Greensburg. The Diocese of Harrisburg is in bankruptcy proceedings.

Republicans in the Pennsylvania Senate have blocked legislation allowing a two-year window for child sex abuse prosecutions that are otherwise too old to be prosecuted under current state prosecution rules. Instead, the General Assembly has embarked on a long process to amend the state constitution to allow for such a window.

Under the law passed last year, victims have – in the future – up to the age of 55 to sue for abuse, up from 30 under the current law. Young adults between the ages of 18 and 23 have up to 30 years to file a lawsuit, whereas the previous law only gave them two years.

In November, lawmakers passed a number of changes related to future abuse, including giving prosecutors more time to pursue criminal cases and more time for victims to prosecute. Most of the state’s dioceses have recently opened compensation funds that have paid millions to victims of priest abuse.

Following:

American Catholic Church Receives $ 1.4 Billion Federal Coronavirus Aid After Lobbying: Special Report

Lawyers sue Boy Scouts in Washington, trying to circumvent statute of limitations over sexual abuse allegations

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Signs of unease emerging between China and Pakistan over future of CPEC: report | World news https://w-lansecure.biz/signs-of-unease-emerging-between-china-and-pakistan-over-future-of-cpec-report-world-news/ https://w-lansecure.biz/signs-of-unease-emerging-between-china-and-pakistan-over-future-of-cpec-report-world-news/#respond Wed, 07 Apr 2021 23:17:39 +0000 https://w-lansecure.biz/signs-of-unease-emerging-between-china-and-pakistan-over-future-of-cpec-report-world-news/ Amid the lack of progress on the China-Pakistan Economic Corridor (CPEC), subtle signs of unease have emerged between the two countries over the future direction and funding of megaprojects, under increasing media and public scrutiny. . According to a report published in Modern Diplomacy, the results of recent meetings between the two countries reveal a […]]]>

Amid the lack of progress on the China-Pakistan Economic Corridor (CPEC), subtle signs of unease have emerged between the two countries over the future direction and funding of megaprojects, under increasing media and public scrutiny. .

According to a report published in Modern Diplomacy, the results of recent meetings between the two countries reveal a significant reduction in Pakistan’s expectations regarding the inclusion of more projects in phase II of the CPEC.

Fabien Baussart in an opinion piece for Modern Diplomacy said: “While the country has long described the $ 6.8 billion Main Line-I project as the main artery of Pakistani railways and tried to convince China to finance the project, the Chinese side tried to avoid any funding commitment.

Pakistan was unable to secure any favorable consideration, including the concessional loan at a 1% interest rate, Baussart said while adding that China was only willing to offer a mix of commercial and concessional loans. to finance the railway project backed by appropriate guarantees from Pakistan. .

“Although it is the largest of the lot, ML-1 is not the only project facing significant delays. According to the Authority Pak CPEC, to date, 17 projects worth $ 13 billion have been completed while 21 other projects with an estimated cost of 12 billion are being implemented, ”the report said.

Baussart further argued that despite strong publicity, virtually no Chinese investor shows interest in establishing units in the special economic zones established under industrial cooperation under the CPEC. .

The report further indicates that the hype created by Islamabad in projecting the CPEC as a panacea to all problems is running out of steam.

“The project not only lacks a clear direction, but continues to struggle due to the lack of coordination between different implementing agencies. Various government agencies are gradually realizing that the Pakistani economy has failed to get a real benefit from CPEC, ”he added. report said.

In addition to this, the Senate Special Committee on CPEC informed the upper house of parliament earlier this month that the Pakistani Ministry of Planning, Development and Special Initiatives lacks the capacity to coordinate and manage projects like CPEC.

The committee said in a report that the ministry clearly lacks vision and critical thinking as an institution, adding that several gaps in the project due to mismanagement and lack of strategic planning have been reported to the over the past two and a half years. Express Tribune reported.

In 2015, China announced an economic project in Pakistan worth $ 46 billion. With the CPEC, Beijing aims to expand its influence in Pakistan and across Central and South Asia in order to counter the influence of the United States and India.

The CPEC would link the southern Pakistani port of Gwadar (626 kilometers west of Karachi) in Baluchistan on the Arabian Sea to the western region of Xinjiang in China. It also includes plans to create road, rail and oil links to improve connectivity between China and the Middle East.

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