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  • Vermont General Fund Revenue Results Below Targets

    first_imgYTDYTD%MarchMarch%Tax ComponentFY 2007FY 2008Change20072008ChangePersonal Income 357.53  392.88 9.89% 15.56  17.49 12.40%Sales & Use 169.91  174.91 2.94% 16.17  16.63 2.84%Corporate 49.19  51.02 3.72% 19.57  13.02 -33.47%Meals & Room 89.67  95.57 6.58% 10.76  11.33 5.30%Insurance Premium 47.66  47.67 0.02% 7.07  1.73 -75.53%Inheritance & Estate 17.14  9.38 -45.27% 3.90  0.26 -93.33%Real Property Transfer 9.68  8.65 -10.64% 0.84  0.75 -10.71%Other 57.17  55.83 General FundToday, Secretaryof Administration Michael K. Smith released the General Fund revenue resultsfor the month of March, the ninth month of fiscal year 2008. General Fundrevenues totaled $68.72 million, -$7.74 million or -10.12% less than the $76.46million consensus revenue target for the month. The resulting fiscalyear-to-date General Fund revenue total of $835.91 million is -$1.09 million or-0.13% below the recently revised consensus forecast of $837.00 million. “TheGeneral Fund results for the month were adversely affected by certain taxreceipts that were received in February but included in the March target. However,it should be noted that excluding the timing item, General Fund revenue forMarch was still below target.”Vermont is beginning to feel the impact of the nationaleconomic condition. We are in for a rough period,” said Smith, “hopefully,short in duration, but nonetheless Vermont will be impacted by the national economy.”The monthlyconsensus cash flow targets reflect the most recent fiscal year 2008 ConsensusRevenue Forecast that was agreed to by the Emergency Board on January 16, 2008. Normally, theStates Consensus Revenue Forecast is updated two times per year, in Januaryand July. However, this year, due to concerns about the national economy, theEmergency Board will be meeting on April 15, 2008 to consider revising the consensus revenueforecast.MonthlyPersonal Income Tax receipts are the largest single state revenue source, and arereported Net-of-Personal Income Tax refunds. Personal Income Tax for March ($17.49million) was above target by +$3.63 million, with the fiscal year-to-datePersonal Income Tax results showing above target performance of +$4.86 million or+1.25%, and +$35.35 million or +9.89% ahead of the prior year-to-date. “WhileNet Personal Income Tax remains above target, we are watching a trend of abovetarget refunds that, if it continues, could reduce the favorable results in NetPersonal Income Tax. Although Corporate Income Tax was +$0.15 million ahead oftarget for the month ($13.01 million vs. $12.86 million) and +$2.29 millionabove target year-to-date ($51.02 million vs. $48.73 million), we are concernedfor future results; we are beginning to see some erosion in corporate profits,”said Smith.”Theconsumption taxes are softening and are of concern,” Smith noted. The Rooms& Meals Tax of $12.83 million fell below target again this month (by -$1.50million or -11.73%). Sales and Use Tax was essentially on target for the month($16.63 million vs. $16.62 million) and remains only slightly above targetyear-to-date at $174.91 million (+$0.37 million or +0.21%).Smith noted that, “The Other General Fundcategories are also of concern, with below target results for both the month(-$10.01 million or -49.38%) and year-to-date (-$6.76 million or -5.27%).” TheOther General Fund category includes Insurance Tax, Estate Tax, Bank FranchiseTax, Telephone Tax, Liquor Tax, Property Transfer Tax, Fees, and Other Taxes. “TheInsurance Tax fell below target again by -$9.10 million or -83.99%, only someof which was due to prior month timing. Estate Tax also fell below target by -$1.9million or -88.29% for the month,” said Smith. Year-to-date, through March, theEstate Tax, which is always difficult to predict, was -$4.98 million or -34.69%below the year-to-date target. General Fund By Major Element (In Millions) Montpelier, VT – Secretary of Administration Michael K. Smith Announces that GeneralFund and Transportation Fund Revenues Were Below Target and Education Fund RevenuesWere Slightly Above Target for March. All Funds May Fall Short of Existing FiscalYear 2008 Revenue Targets.last_img read more

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  • Asheville’s Natalie DeRatt of ENO Hammocks Qualifies for U.S. Bobsled Team

    first_imgEagles Nest Outfitters marketing coordinator Natalie DeRatt has been named one of the newest members of the 2014-15 USA National Bobsled and Skeleton Team. This announcement came from the United States Bobsled and Skeleton Federation early last week.“I am beyond excited to gain a spot on the Bobsled National Team. It’s been a long road of hard work and so to see it pay-off is a dream come true,” said Deratt. Born in Sheffield, England, she’s been living in Asheville, N.C., since moving to the U.S. to attend the University of North Carolina at Asheville on a track and field scholarship.DeRatt is currently competing in Park City, Utah. The World Cup Tour kicks off in Lake Placid, NY in early December.She was the first UNCA student-athlete to qualify for the NCAA Track and Field Outdoor Championships in 2010 and 2011 in the 200 meters. In 2011 she was named Big South Female Student-Athlete of the year. Natalie also competed in two track Olympic Trials for team Great Britain.In early 2014, Natalie began focusing her training on preparing for the bobsled and skeleton combine with her former UNCA team mate, Keith Scruggs. Scruggs interned at the Olympic Training Center in Lake Placid for two years after he graduated from UNCA.“It’s a team effort for sure,” stated DeRatt. “And I would not be where I am today without my support network including my amazing coach, Keith Scruggs, and UNCA coaches Joel Williams and Omar Ahmed. It’s been awesome to have the support of ENO as well – I truly wouldn’t be here today without them.”After successfully competing in the combine and push camps, DeRatt placed 3rd in the two-part team trials that took place this fall in Lake Placid, N.Y. and Park City, Utah, gaining her a spot on Team USA.DeRatt began working for Eagles Nest Outfitters in August of 2011. She continues to work as the Marketing Coordinator and stays closely connected to the Asheville headquarters between training and racing.“Natalie puts 100 percent into everything she does and is an exemplary team player. We are excited to support her as she pursues this dream,” said Lane Nakaji, General Manager of ENO.Eagles Nest Outfitters, the brain child of brothers Peter and Paul Pinholster, was founded in the summer of 1999. Growing steadily from a two-man, one-van operation to the leading provider of parachute hammocks and outdoor accessories, the company offers relaxation products for adventure travelers and outdoors lovers everywhere.last_img read more

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  • Member Outreach Committee becomes a permanent fixture

    first_imgThe Member Outreach Committee has become a permanent Bar committee and the Bar will have more flexibility on reimbursing clients from the Clients’ Security Fund when they pay for a lawyer and receive little, if any, benefit, following changes proposed by the Program Evaluation Committee.Committee Chair Richard Tanner, reporting on the PEC’s activities at the Board of Governors’ June meeting, said that the Member Outreach Committee had performed several valuable functions, including following up on recommendations from the Bar’s two diversity symposiums and surveying Bar members on diversity issues.The change to a standing Bar committee will give the panel better access to Bar resources and funds. Tanner also said it is expected the committee will work closely with the Equal Opportunities Law Section, which has similar, but narrower, goals than the committee.“There was great enthusiasm that the Equal Opportunities Law Section be routinely and regularly. . . involved in whatever activities this new committee becomes involved with,” he said.On the Clients’ Security Fund issue, the PEC recommended and the board approved a modification to the rule involving repaying clients when they have paid fees and not received any useful services from a lawyer.Tanner noted the current rule provides that reimbursement will be denied if useful services were provided. But that creates problems if the lawyer did some work but its usefulness is in dispute. The change approved by the board provides that restitution “may” be denied if useful work was performed. That, he said, gives some discretion in reviewing claims.“The rule amendment does not solve all of the problems, but it does seem to make it better,” Tanner said.On other matters, the PEC recommended and the board approved passage of several rule amendments for the Bar’s certification programs. Tanner said the only controversial part was a provision that seemed to imply that certified lawyers had higher ethics and integrity than noncertified lawyers, and the PEC and the Board of Legal Specialization and Education agreed to alternate language.The committee is also reviewing a request from the Military Affairs Committee that active duty lawyers be exempted from the Young Lawyers Division’s Practicing with Professionalism course because of courses military JAG officers already have to take. Tanner said that was deferred while the committee and the YLD work on that issue. Member Outreach Committee becomes a permanent fixture July 1, 2005 Regular Newscenter_img Member Outreach Committee becomes a permanent fixturelast_img read more

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  • Deer Park Strip Club Murder Suspect Charged

    first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A suspect has been arrested for allegedly gunning down a 20-year-old Wyandanch man outside of a Deer Park strip club three months ago, Suffolk County police said.Victor Calderon was charged Tuesday with second-degree murder.Homicide Squad detectives alleged that the suspect shot Ryan Aguilar in the parking lot of Illusions Gentleman’s Club on Saxwood Street at 3:36 a.m. Saturday, Sept. 27.Officers responding to a 911 call reporting shots fired had found the victim suffering from a gunshot wound at the scene. The victim was taken to Southside Hospital in Bay Shore, where he was pronounced dead.Calderon will be arraigned Wednesday at First District Court in Central Islip.last_img read more

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  • June’s Top 5 compliance issues: Recent funds availability, debt collection, and more

    first_imgNAFCU’s award-winning compliance team offers resources to all federally insured credit unions, keeping credit unions informed of the ever-changing regulatory environment. Each month, the team answers hundreds of compliance-related questions from NAFCU members and also publishes weekly blogs on key issues. Here were the five most popular topics in the month of June.Recent funds availability FAQs: NAFCU Regulatory Compliance Counsel Reginald Watson answers questions on Regulation CC’s funds availability requirements and disclosure rules. He addresses questions on specific notices on deposit receipts and whether a credit union may make funds available immediately. Read the blog post here.Debt collection call limits: Referencing a recent NAFCU Regulatory Alert on the CFPB’s proposed rule amending Regulation F that implements the Fair Debt Collection Practices Act (FDCPA), NAFCU Regulatory Compliance Counsel David Park addresses how Section 1006.14 of the proposed regulation and the FDCPA generally prohibit debt collectors from engaging in conduct that harasses, oppresses, or abuses any person in connection with the collection of a debt.Overdraft: As overdraft continues to be a hot compliance topic, NAFCU Vice President of Regulatory Compliance Brandy Bruyere blogs on a recent FDIC report, highlighting overdraft fees in the context of Section 5 of the Federal Trade Commission Act (unfair/deceptive acts or practices). Bruyere also discusses litigation risk and other information credit unions can utilize when reviewing their overdraft programs. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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  • Saudi Arabia’s leaders congratulate Biden, saying they want to deepen relations with the U.S.

    first_imgThe cables, reported late Sunday by the Saudi press agency, congratulated Mr. Biden on his victory, spoke of strong relations between the two countries and the Saudis’ desire to deepen them. It remained unclear how that rhetoric would translate into policy, but the Saudi leadership considers the United States its most important ally and clearly wants warm ties with its new president.- Advertisement – – Advertisement – BEIRUT, Lebanon — The king and crown prince of Saudi Arabia have each sent cables congratulating President-elect Joseph R. Biden Jr. on his electoral victory, an initial effort by Saudi leaders, who have benefited from a strong relationship with President Trump, to build ties with the new American administration.Throughout his term, Mr. Trump maintained close bonds with the Saudi monarch, King Salman, and his son, Crown Prince Mohammed bin Salman, often protecting the kingdom from outrage in other parts of Washington over its role in the war in Yemen and the killing and dismemberment of the Washington Post columnist Jamal Khashoggi by Saudi agents in 2018.- Advertisement – Mr. Trump defended the Saudis as necessary friends in the Middle East and great buyers of American weapons, and Jared Kushner, a senior adviser and the president’s son-in-law, kept in close contact with Prince Mohammed, sometimes over the messaging platform WhatsApp.Mr. Biden adopted a tougher line toward Saudi Arabia during the campaign, saying he would limit weapons sales and hold the kingdom accountable for human rights violations. During a debate last year, he said he believed that Prince Mohammed had ordered Mr. Khashoggi’s killing and would treat the Saudis “like the pariah that they are.”last_img read more

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  • Elevated risk: Jakarta public facility workers maintain routine with extra caution

    first_imgConcerned about the highly infectious coronavirus, Firmansyah Putra washes his orange uniform and takes a bath as soon as he arrives home from work.The 25-year old, who lives in Tanjung Priok, North Jakarta, then washes his hands and uses hand sanitizer before holding his 3-months-old son.A new father, Firman tries to apply a high standard of personal hygiene during the COVID-19 pandemic. “Now the PPSU works five hours a day and there are no more roll calls nor morning briefings at the Sunter Agung subdistrict office [which is also the headquarters of his PPSU team],” he said.Firman said his superior, through WhatsApp’s group chats, often reminded the PPSU workers to maintain a physical distance as well as to wear masks and gloves during work hours.“And now, we are only allowed to gather in groups of no more than four people during breaks. Everyone must sit down [or stand] at least 1 meter from their peers,” he added.The COVID-19 pandemic has significantly changed the way people perform their duties, with many companies and institutions eliminating some tasks their workers normally do.Read also: COVID-19: Vacant roads, little activity mark first day of PSBB implementation in JakartaMany deem the orange troops “heroes” for ensuring the clean face of the capital.Apart from cleaning, the PPSU workers often perform jobs in residential areas, such as cleaning up mud or removing fallen trees.During the COVID-19 pandemic, Firman said, many subdistrict heads in Jakarta prohibited the orange troops from entering residential areas in an effort to prevent the workers from contracting the virus.“If the community unit [RW] head asked us, we would reject the request. They [RW management] need to handle their [cleanliness] issue using their own resources,” Firman said.According to Firman, the number of such requests has fallen a lot since the Jakarta administration called on the public to stay at home.North Jakarta Mayor Sigit Wijatmoko recently issued a circular stipulating that PPSU workers who are more than 50 years old, pregnant, breastfeeding mothers, suffer from hypertension, heart disease, lung disease or other underlying health problems should stay at home.In North Jakarta, all the orange troops working in the field and outdoors are given masks and hand sanitizer.Despite the reduced workload and shorter working hours, Firman said, the workers were paid their full salary.In addition to 2,000 orange troops in 267 subdistricts across the capital, Jakarta also employs contract workers for tasks under the Jakarta Water Resources Agency, Park and Forestry Agency and Bina Marga Road Agency.Jakarta Water Resources Agency head Juaini Yusuf, who heads around 7,000 contract workers known as the “blue troops”, said he had issued a similar circular aimed to protect the agency’s workers from the coronavirus.“The circulation is based on instructions issued by the World Health Organization [WHO] and the Jakarta Health Agency, as well as a Jakarta gubernatorial instruction on handling COVID-19,” he said, adding that handwashing and the use of face masks were mandatory for the blue troops, particularly those cleaning gutters.Read also: COVID-19: More regions request PSBB status as Indonesia sees big jump in infections, deathsAs frontline workers dealing with garbage, workers of the Jakarta Environment Agency must strictly follow health protocol during the pandemic, the agency’s spokesperson, Yogi Ikhwan, said.“All workers must wear complete personal protective equipment based on their work risk, practice physical distancing with a minimum of 1 m between workers and wash their hands before and after performing duties,” he said.The instruction applies to more than 13,000 workers under the Environment Agency – most of whom are assigned to collecting garbage, drive garbage trucks, clean rivers and reservoirs — and workers at the Bantar Gebang landfill in Bekasi, West Java.The Jakarta Bina Marga Road Agency has also issued a circular on COVID-19 prevention in ongoing projects, such as road repairs and overpass construction, stipulating that all projects must have a COVID-19 prevention task force and provide health facilities for workers.Topics : “My wife also reminds me to wash my hands and apply hand sanitizer often, as we now have a baby,” he told The Jakarta Post.“Given the news reports that people infected by the virus could be asymptomatic, it is better to take all necessary precautions,” he added.Firman works for the Jakarta Public Facility Maintenance Agency (PPSU), widely known as the “orange troops” in reference to the color of the uniforms. Unable to work from home during the outbreak, they are at an elevated risk of contracting the virus.On regular days, he works eight hours, mainly to sweep major streets in Sunter Agung, Tanjung Priok. However, for the past 10 days, Firman has been working shorter hours, in line with a policy his office introduced to protect its workers from coronavirus infections.last_img read more

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  • Arsenal star Bernd Leno hails Liverpool rival Alisson as the best goalkeeper in the Premier League ahead of David de Gea and Ederson

    first_imgArsenal star Bernd Leno hails Liverpool rival Alisson as the best goalkeeper in the Premier League ahead of David de Gea and Ederson Alisson has thrived at Anfield since joining the Reds in 2018 (Picture: EPA)He said: ‘Alisson is a goalie who has no fear – if he does something, he sticks to his decision.‘In his mind, he knows what to do and he doesn’t hesitate. That is natural goalkeeping, having no fear, reading the game and deciding.‘One of his big strengths is to stay calm in the high-pressure moments and making what look like natural, easy decisions, but they’re not easy because you always need perfect solutions and decisions. It’s a quality he has.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Petr Cech names Manchester United legend as his toughest opponentMORE: Jurgen Klopp names Steven Gerrard as the former player he would sign for Liverpool Metro Sport ReporterSaturday 9 May 2020 7:43 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.5kShares Advertisement Comment Arsenal goalkeeper Bernd Leno has hailed Liverpool rival Alisson (Picture: Getty)Arsenal star Bernd Leno has hailed Liverpool’s Alisson as the ‘most complete goalkeeper’ in the Premier League ahead of David de Gea and Ederson.Brazil international Alisson has thrived at Anfield since signing from Roma in the summer of 2018, helping Liverpool win the Champions League and dominate the 2019-20 Premier League.Alisson and star defender Virgil van Dijk have been hailed for transforming Jurgen Klopp’s side into the best team in Europe and Arsenal’s Leno has also paid tribute to the Brazilian goalkeeper.Asked to name the best shot-stopper in the Premier League, Leno told Soccer Am: ‘For me it’s clear, it’s Alisson.AdvertisementAdvertisementADVERTISEMENT‘He’s good at everything and his stats are also very good. He’s played a number of big games for Liverpool and for me it’s clear that he’s the best goalkeeper at the moment.’Like Alisson, Leno also arrived in the Premier League two years ago and has largely impressed for Arsenal despite the club’s mixed form.Last month, Liverpool goalkeeper coach John Achterberg revealed the secret behind Alisson’s immediate success in England. Advertisementlast_img read more

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  • SHOCK! HORROR! Soccer star David Luiz will remain abstinent until marriage

    first_imgThe Independent 22 May 2015David Luiz has revealed he remains a virgin and will wait until he is married before having sex. The former Chelsea defender revealed his stance on sex-before-marriage alongside a picture of his recent baptism, which was conducted in the indoor swimming pool of his PSG team-mate Maxwell.Alongside an image from the ceremony posted on Instagram, the 28-year-old wrote “I have chosen to wait”. The Brazil international plans to remain abstinent until marrying girlfriend Sara Madeira.Luiz began his post on social media with a verse from the bible.“Therefore, if anyone is in Christ, he is a new creation. The old has passed away; behold, the new has come. (2 Corinthians 5:17 KJV)”http://www.independent.co.uk/sport/football/news-and-comment/david-luiz-reveals-he-is-a-virgin-28yearold-former-chelsea-defender-to-remain-abstinent-until-marriage-10261654.htmllast_img read more

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  • Iheanacho scores season’s second goal

    first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ Ings not interested in leaving Saints, Southampton manager says Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend Kelechi Iheanacho scored his second goal of the season on his second appearance as Leicester City grabbed a 3-1 win over Burton Albion.Iheanacho, who was making his second appearance in the League Cup this season, continued his goalscoring run in the competition having scored a goal in his side’s 4-0 win over Luton Town back in October.The Super Eagles forward gave Leicester City an early lead after slotting home Yoeri Tielemans’ assist in the seventh minute.In the 20th minute, the Belgian midfielder found the back of the net and doubled the lead for the visitors at the Pirelli Stadium.Iheanacho was in action for 66 minutes before he was replaced by Harvey Barnes, while his compatriot Wilfried Ndidi came on as an 88th minute substitute.The victory propelled Brendan Rodgers’ side into the quarter-final of the League Cup and also secured their third straight win across all competitions.Iheanacho, who is yet to play a Premier League match this season, will be hoping to play a part when Leicester City visit Crystal Palace for their next fixture on November 3.Tags: Kelechi IheananchoPirelli StadiumPremier LeagueWilfried Ndidilast_img read more

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