Sign up for DS News Daily JPMorgan JPMorgan Chase JPMorgan Chase & Co tax cuts and jobs act Tax Reform 2018-01-23 David Wharton Print This Post JPMorgan Raising Wages After Passage of Tax Reform The Best Markets For Residential Property Investors 2 days ago January 23, 2018 1,547 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / JPMorgan Raising Wages After Passage of Tax Reform The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Hurricane Aftermath Continues to Affect Mortgage Delinquency Next: The Long-Term Impact of Hazard Mitigation While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to U.S. News & World Report, JPMorgan is raising hourly employee wages, hiring thousands of new employees, and opening new branches around the country.The Tax Cuts and Jobs Act of was signed into law by President Trump on December 22, 2017, implementing sweeping changes to many parts of the tax code—and dropping the corporate tax rate from 35 percent to 21 percent. The theory is that this will inspire corporations to invest more in the United States, to hire more people, and to pay those people higher wages. New York-based bank JPMorgan seems to be doing precisely that.JPMorgan has announced that it will be increasing hourly wages to a range of $15 to $18 per hour, up from the previous averages of between $12 and $16.50 per hour. The bank is also planning to open 400 new branches, hire 4,000 new U.S. employees, and reduce medical plan deductibles for some employees.According to U.S. News, JPM also plans to increase the number “affordable” home loans it originates by 25 percent to $50 billion and increase philanthropic donations by 40 percent to $1.75 billion.Chairman and CEO Jamie Dimon told U.S. News & World Report, “Having a healthy, strong company allows us to make these long-term, sustainable investments. We are excited about further investing in our outstanding workforce and expanding into new U.S. markets.”The new branches will be rolled out over the next five years and in up to 20 new markets, according to U.S. News. JPMorgan currently operates in 23 different states, totaling more than 5,000 local branches.Although JPMorgan reported a 37 percent drop in profits during Q4 2017, which it attributes to having to write down the value of its tax-deferred assets after changes to the tax code, rising interest rates will allow the bank to charge higher rates on loans, which should increase net interest income.JPMorgan Chase’s Q3 2017 financial reports, released in October 2017, showed the company reporting a revenue of $25.3 billion, with $6.7 billion in net income for the quarter. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Headlines, Journal, News Tagged with: JPMorgan JPMorgan Chase JPMorgan Chase & Co tax cuts and jobs act Tax Reform
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Comments Published on November 14, 2017 at 12:39 am Facebook Twitter Google+ This week on the D.O. Sportscast, men’s basketball beat writer and sports editor Sam Fortier joins the show to break down the beginning of men’s basketball season. He provides takeaways from the Cornell game, assesses Geno Thorpe’s role on the team and provides an outlook for the Orange’s upcoming schedule.Episode nine here:
The Catalunya racetrack with snow covered seating is shown before a Formula One pre-season testing session in Montmelo, outside Barcelona, Spain, Wednesday, Feb. 28. (AP Photo/Manu Fernandez)Montmelo, Spain (AP) — Cold weather continued to cause havoc for Formula One teams on Wednesday, with snowfall delaying the third day of testing and keeping cars mostly in the garage.Parts of the track were covered in snow when teams arrived at the Circuit de Catalunya-Barcelona, and when conditions improved only five drivers ventured out.Two-time world champion Fernando Alonso was the only driver to post a time after running 11 laps on full-wet tires with his Renault-powered McLaren.“The poor weather conditions made things difficult all day long,” Alonso said. “In the few laps we did at the end of the day we managed to collect some good data for future development, so even with the little running we could complete, the information we got is very positive. I’m happy that despite a difficult day of testing for everyone, we made the best of it.” The other four drivers who made it to the track — Daniel Ricciardo of Red Bull, Marcus Ericsson of Sauber, Robert Kubica of Williams and Brendon Hartley of Toro Rosso — only ran installation laps in the near-freezing temperatures.“We tried but it was nearly impossible to do anything so we stayed in the garage for most of the time,” said Kubica, Williams’ test driver.Mercedes, Ferrari, Force India, Renault and Haas didn’t get their cars out on the track. McLaren said Alonso was able to work on a series of tests and checks during his runs.“We adapted our program to maximize our time both in the garage this morning and later this afternoon when the track began to dry out,” McLaren racing director Eric Boullier said. “I’m satisfied that despite the challenges, we used our time efficiently today.”The unusually cold conditions near Barcelona have hindered the teams’ ability to learn much about their new cars throughout the week, with the track lacking enough grip for proper runs. It should be warmer for Thursday’s final session, but more rain was expected.There will be another four-day test session in Barcelona beginning next Tuesday. The season-opening Australian GP in Melbourne is March 25.“We shuffle our program around and try to fit all the work we need to do into seven days instead of eight,” Mercedes technical director James Allison said. “There’s just slightly less time available now. It is the same challenge for all the teams, so we take it on the chin and move on.”There were talks about adding extra days of testing in Barcelona, but the decision would need to be unanimously approved among the teams.It was cold for the first two days but cars were able to stay much longer on the track. They couldn’t run for most of the morning on Wednesday as organizers couldn’t open the track until visibility improved and the medical helicopter was cleared to fly.“Thanks for making me feel at home, Barcelona,” Ericsson, a Swede, said on Twitter after arriving at the snow-covered track.
Advertisement sbmdNBA Finals | Brooklyn Vs63i5pfWingsuit rodeo📽Sindre E1rsnc( IG: @_aubreyfisher @imraino ) vdy1Would you ever consider trying this?😱ad04Can your students do this? 🌚zxlRoller skating! Powered by Firework The BCCI has recently expressed their surprise over reports that the Asia Cup is being shifted to Sri Lanka later this year, as per the Times of India. Reports came that it was decided after the ACC meeting last week and PCB and SLC agreed to swap the place of the tournament.Advertisement Image Courtesy: BCCIAfter the ACC meeting, SLC chief Shammi Silva had told, “We had a discussion with Pakistan Cricket Board and they have already agreed to our hosting this edition due to the present world situation. We had an online ACC meeting and they basically gave us the green light to host the tournament.”To reply on this, a BCCI official said, “We have no idea where such reports are coming from and we’re surprised how fast these reports travel. The BCCI is clear that no decision was taken at the ACC meeting. The Board (BCCI) is tired of giving out these clarifications. Earlier it was about travelling to Zimbabwe and Sri Lanka, and BCCI had to deny it with a statement. Now this.”Advertisement As the entire world has been fighting against the global pandemic novel coronavirus, all the sporting events have either been cancelled or postponed which also included the 13th edition of Indian Premier League. However, the official further said that this year’s IPL won’t be a curtailed one because of the Asia Cup.“Let’s be clear about that first. There won’t be a truncated IPL just to host an Asia Cup. Those thinking on such lines are clearly not speaking in India’s interests and the BCCI will not be party to it,” sources further shared.Advertisement “Even the World Cup in England was a loss-making event for the broadcaster and we’re talking about an Asia Cup here. The IPL is a different beast altogether. Who’re these people who refuse to understand the numbers? It’s in Indian cricket’s best interests to host the IPL. What are we going to cater to? India’s interests or PCB’s interests?” it added again.Since the situation is better in a few nations, Cricket Australia has announced their upcoming fixtures. India will tour to Australia later this year for an entire series. However, the source also spoke about a prospective India-South Africa series as well.“Yes, India and South Africa were in talks to host a series there (in SA). These talks were first initiated when Graeme Smith took charge at Cricket South Africa (CSA) and came to India in February. But that was then. Covid changes everything,” said the source.If you like reading about MMA, make sure you check out MMAIndia.com Also, follow India’s biggest arm wrestling tournament at ProPanja.comALSO READ:Here are all the new Covid-19 rules that will be implemented in international cricketChris Gayle weighs in on the Darren Sammy ‘Kalu’ racism controversy Advertisement
More than 150 women recently gathered at Branches in West Long Branch to celebrate Ladies Night Out, Monmouth Medical Center’s annual women’s health event. The free event featured health information tables, free giveaways and door prizes, makeup tips from Macy’s by Appointment cosmeticians and showcased a panel of Monmouth Medical Center physician experts who discussed today’s most vital women’s health issues and offered an overview of the latest technological advances. Above, Eatontown resident Mary Ann McKean speaks during the event with Dr. Peter M. Farrugia, a Monmouth Medical Center interventional cardiologist who specializes in the treatment of peripheral vascular disease.
ARCADIA, Calif. (April 16, 2015)–A public memorial for longtime Southern California trainer Mike Mitchell will take place Monday, April 20 at Santa Anita Park. The service, which is to begin at 1:30 p.m. and run until 3 p.m., will be staged in the track’s Chandelier Room.Mitchell, who passed away following a lengthy battle with brain cancer at age 66 on Tuesday, trained in California for nearly 40 years and is survived by his wife, Denise and their two daughters, McCall (Rounsefell) and Shea (Leparoux). Additional surviving family includes his four siblings; a twin sister, Cheryl, and three brothers, Earl, Jr., Guy and Casey.The Mitchell family has arranged for their pastor and the choir from their church, Fellowship Monrovia, to address those attending. There will also be a few other short speeches from designated speakers.At the request of the family, donations may be made in Mike Mitchell’s name to the Southern California Race Track Chaplaincy of America (RTCA). The family has also requested that light refreshments be served at the memorial. Guests should enter by car through Gate 5 and follow signage to the Mitchell Memorial in the Chandelier Room. –30–