JPMorgan Raising Wages After Passage of Tax Reform

first_imgSign 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 Reformlast_img read more

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Man City are the least efficient team in Premier League – report

first_img Despite the poor results City are still dominating most games and that’s what makes them the least efficient team in the league, according to CIES Observatory. The Swiss data analysts base their algorithm on possession, shots taken and where the shots are taken from and have revealed that City should be earning 2.45 points per game and are only earning 2.09. Liverpool meanwhile are the most efficient side with 0.66 more points per game than they ‘should’ have, meaning if both teams were playing at ‘zero’ efficiency then City would be topping the table. To date the Reds’ only dropped points came at Old Trafford against rivals Manchester United and even then they were 1-0 down until a late Adam Lallana goal, showing their determination. City on the other hand have absolutely dominated in games where they’ve dropped points. Against Crystal Palace earlier this month they had 73% possession and 25 shots but drew 2-2, despite Palace having just five shots. That result was also indicative of why Palace are third in the list, behind just Liverpool and Newcastle United, another side doing well to bat above their average. Newcastle beat Chelsea despite having just 30% of possession. Read Also: Ex-Man City winger Henri Ogunby joins Burnley Manchester United fans might despair to find that their club are also one of the most inefficient teams in the league but they wouldn’t actually be any higher up the table. They have the fifth best points per game ratio in the league currently and despite them having a -0.26 efficiency difference they’d still only have the fifth best points per game ratio if everything was even. Ole Gunnar Solskjaer’s team would have 1.74 points per game at zero efficiency but would still be behind City, Liverpool, Chelsea and Leicester City if they were all at zero too. FacebookTwitterWhatsAppEmail分享 Loading… Manchester City should have .36 points more per game in the Premier League this season, making them the least efficient team with their possession and chances in England’s top tier this season. Pep Guardiola’s men aren’t having a good defence of the title they won last season and are 16 points behind leaders Liverpool, having lost five times and drawn three. There has been several occasions this season when Jurgen Klopp’s team have looked like they would drop points but the mark of their brilliance this season is that they’ve kept going and picked up wins where they’d have usually drawn.last_img read more

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Third Grammy for Black Mambazo

first_img10 February 2009South African group Ladysmith Black Mambazo won the award for best traditional world music album at the 2009 Grammy Awards in Los Angeles, California on Sunday night.The Isicathamiya group received the award for their latest album, Ilembe, which honours Shaka Zulu. The album won the South African Music Award for best traditional a cappella album in 2008.12 Grammy nominationsLadysmith Black Mambazo have been nominated for a Grammy award 12 times over the years, winning twice before. They received their first Grammy in 1987 for their album Shaka Zulu. The second award was in presented in 2005 for their album Raise Your Spirit Higher.According to the group, Ilembe celebrates not only Shaka Zulu but the sense of perseverance, creativity and pride that the 19th century Zulu monarch inspired in generations of descendants.“He was a warrior, an athlete, a singer, a dancer, a visionary, he was so many things,” said Joseph Shabalala, lead singer and founder of Ladysmith Black Mambazo. “He was a diplomat too.”Over 40 albumsFormed by Shabalala in 1964, the group made their first recording in the early 1970s, and have recorded over 40 albums since.They are South Africa’s foremost proponents of the Iscathamiya style of singing, and have grown to be one of the country’s premier cultural exports.The group gained international fame and recognition in the late 1980s, following their collaboration with Paul Simon on his Grammy Award-winning Graceland album.Source: BuaNewslast_img read more

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Natalie du Toit wins Laureus award

first_imgShe was nominated for the Laureus World Sportsperson of the Year with Disability Award in 2004. The Springboks, the winners of the World Team of the Year in 2008, were respresented in Abu Dhabi after being nominated for the award again, but this time it went to Formula One team Brawn GP. She just missed out on qualifying for the Sydney Olympics in 2000. Then, in 2001, she was involved in an accident while on her way from swimming training and had her left leg amputated at the knee. The prestigious honour recognises young leaders with an astonishing track record of performance and/or social responsibility. Flag bearerShe was chosen to carry South Africa’s flag at the opening ceremony and later carried it again at the opening ceremony of the Paralympics. In December 2009, she was awarded the Order of Ikhamanga in gold by President Zuma. The award is made to South Africans who have excelled in the fields of arts, culture, literature, music, journalism, and sport. Gold is the highest level, followed by silver and bronze. South African swimmer Natalie du Toit was named the Laureus World Sportsperson of the Year with a Disability at a gala ceremony in Abu Dhabi on Wednesday evening. She is one of only five athletes to have competed in the Olympics and Paralympics. He also praised Brawn GP: “For Brawn GP, the Team of the Year accolade is due recognition for their achievements during 2009, which saw them produce a world champion. Would you like to use this article in your publication or on your website? See: Using SAinfo material In 2008 Du Toit achieved one of her dreams when she qualified for the Olympic Games by finishing fourth in the 10-kilometre open water race at the Open Water World Championships in Seville, Spain. International competitionAs one of South Africa’s leading swimmers, Du Toit first competed internationally at 14 years of age when she took part in the Commonwealth Games in Kuala Lumpur in 1998. “They were up against some very strong competition, including the Springboks, in the category but are truly deserving of the Award. All the other winners deserve congratulations for being nominated amongst the world’s best in their respective categories,” he added. ‘A true inspiration’“She is a true inspiration to each and every athlete in this country, indeed the world, and we are hoping that she can build on this prestigious award as we look ahead to the 2012 Olympics and Paralympics in London. “It’s people like Natalie that provide the incentive for the youngsters to aspire to greatness, he continued. “She fully deserves this acknowledgement.” The following year, at the Commonwealth Games in Manchester, she competed in the 800 metres freestyle final, the first time that an athlete with a disability had qualified for an able-bodied final. At the end of the Games she was presented with the David Dixon Award as the Outstanding Athlete of the Games. ‘Guts and determination’Bok coach Peter de Villiers, chatting to the SA Rugby website, had warm words for Du Toit on her award, saying: “Congratulations to Natalie, who as a disabled athlete has shown that she has the guts and determination to take on the world’s best, be they disabled or able bodied. Her attitude should be an inspiration to us all.” 11 March 2010 In Beijing, she finished 16th in the 10-kilometre open water swim. Later, in the Paralympics, she won five gold medals. IAHV Youth Leadership AwardIn November 2008, Du Toit received the International Association for Human Values (IAHV) Youth Leadership Award at the European Parliament in Brussels. South African Sport Confederation and Olympic Committee (Sascoc) president Gideon Sam told the Sascoc website: “Natalie has done us proud over the years,” he said. “All South Africans can be proud of her spirit and her never-say-die attitude.” Her five gold medals helped South Africa finish in sixth place in the medals standings. Du Toit was also awarded the Whang Youn Dai Achievement Award, which is presented at every Paralympic Games to one male and one female who best exemplifies the spirit of the Games and inspires and excites the world. Du Toit is a member of the Laureus Friends and Ambassadors Programme, a select group of current and retired sportsmen and women, who have achieved sporting greatness or made significant contributions to the sporting community during their careers, and are recognised as role models and icons in their countries. All Africa gold medalDu Toit won gold in the 800m freestyle at the All Africa Games in 2003 and later that year claimed a silver medal in the same event at the Afro-Asian Games in Hyderabad, India.last_img read more

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Non-violence campaign kicks off in South Africa

first_imgChildren should be able to grow up and live in a safe environment. Minister Lulu Xingwana will launch the South African campaign. (Images: Bongani Nkosi) MEDIA CONTACTS • Themba Maseko Government spokesperson +27 12 314 2150 RELATED ARTICLES • A woman’s place is everywhere! • Anti-abuse campaign hits SA • NGO fights for gender equalisation in SA • Crime in South AfricaRay MaotaThe safety of women and children is the focus of this year’s 16 Days of Activism campaign, which runs from 25 November until 10 December 2010.The UN-headed drive begins on the International Day of No Violence Against Women and ends on International Human Rights Day.Internationally, the campaign concentrates on crimes committed against women, but in South Africa this has been extended to include children to create awareness of their rights.Origins of the campaignThe 16 Days of Activism campaign originates from the first Women’s Global Leadership Institute sponsored by the Centre for Women’s Global Leadership (CWGL), a women’s human rights group, in 1991. This year is the 20th edition of the campaign.Participants at the institute chose the dates, November 25 and December 10, to symbolically link violence against women and human rights, and to emphasise that such violence is a violation of human rights.Each year the Centre for Women’s Global Leadership develops a theme for the international campaign in consultation with women’s organisations around the world. This year’s theme is Structures of Violence: Defining the Intersections of Militarism and Violence against Women.According to the CWGL: “Militarism is a distinctive way of looking at the world; it influences how we see our neighbours, our families, our public life, and other people in the world. To embrace militarism is to presume that everyone has enemies and that violence is an effective way to solve problems.”The campaign aims to raise awareness around human rights and gender-based violence, strengthen existing structures to work with victims of violence and create safe places for women before violence occurs.Wear a white ribbonThis year marks the 11th anniversary of the campaign in South Africa, with the media launch taking place in Cape Town.It will be led by the Minister of Women, Children and Persons with Disabilities Lulu Xingwana and supported by other ministers, leaders of civil society organisations and additional senior government officials.“We call on faith-based organisations, non-governmental organisations, community-based organisations, civil society organisations and other stakeholders to observe and work on programmes aimed at ending violence against women and children,” the Commission for Gender Equality in South Africa said in a press statement.“We also call upon all interested parties to join us in various provincial programmes as we accelerate our efforts to fight all forms of violence against women and children, in an endeavour to create a society free from gender oppression and inequality,” it continued.South Africans are urged to wear a white ribbon for the duration of the campaign as a symbol of peace and promise never to commit or condone violence against women and children.Another way to support the campaign in South Africa is to join the Cyber Dialogues initiative, through which the public can discuss issues relating to the abuse of women and children, share experiences of these violations and come up with solutions.People can also make donations to the Foundation for Human Rights, which distributes money raised during the campaign to various non-governmental organisations.South African’s are also urged to encourage victims to speak out on their abuse to raise further awareness and help the healing process.last_img read more

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Brand South Africa lauds women’s contribution to democracy

first_imgJohannesburg, Thursday 17 October 2013 – Brand South Africa celebrates the contribution women have made to South Africa’s democracy, and welcomes the formation of the ‘1000 Voices’ movement on Friday 18 October at Emperor’s Place in Ekurhuleni in Gauteng.The movement aims to open the channels of engagement between government, academics, private and public sectors, faith-based organisations and citizens from all walks of life to profile and eradicate gender based violence. It also intends to create a conversation around the meaning and impact of ‘freedom’ for South African women, 20 years into democracy.Brand South Africa’s Director of Strategic Marketing and Communication, Wendy Tlou, reflecting upon the role of women in driving a nation’s development said, “It is inspiring that more than 1000 participants – male and female – from all spheres of society will participate in this launch.  We hope that this launch will kick-start a movement, geared towards empowering women to play their part to implement the National Development Plan.    It is imperative that we recognise the value of gender, along with race and geographical location, when proposing a range of measures to advance women’s equality.”Brand South Africa’s Brand Manager Sithembile Ntombela will deliver an address under the theme: “Women 20 years into democracy” and will also participate in the event as a panellist.  Leo Makgamathe, Programme Manager: Civil Society will also represent Brand South Africa at the event.Panel discussions will take place under the following themes:Celebrating women empowerment and the role of Open Government Partnership;Playing Your Part in fighting abuse and stopping rape;The role of young people in stopping abuse‘1000 Voices’ is an initiative by the South African envoy to the Open Government Partnership, Public Service and Administration Deputy Minister Ayanda Dlodlo. At the event, Ms Dlodlo will also launch the Open Government Partnership SA plan.Other panellists on the day include: National Police Commissioner Riah Phiyega, Public Protector Thuli Madonsela, Political Economist Lebohang Pheko, activist and radio host Leila Benelli and Controlesa Chief Patekile Holomisa, amongst others.Note to EditorsAbout the Open Government PartnershipThe Open Government Partnership (OGP) is an international, voluntary effort to improve government performance, encourage civic participation and enhance government responsiveness to people by promoting more transparent, effective and accountable governments—with institutions that empower citizens and are responsive to their aspirations. Openness is the most powerful lever for achieving this. OGP aims to secure concrete commitments from governments to promote transparency, empower citizens, fight corruption, and harness new technologies to strengthen governance. To achieve these objectives, OGP brings together governments and civil society organisations.  Currently South Africa is a member of the OGP Steering Committee and also the OGP Learning and Peer Support sub-committee, which seeks to promote knowledge sharing on open governance matters. 57 countries are currently members of the OGP partnership.About Brand South AfricaBrand South Africa is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, in order to improve its global competitiveness abroad. Its aim is also to build pride and patriotism among South Africans, in order to contribute to social cohesion and nation brand ambassadorship.Further resources from Brand South AfricaMedia are invited to visit http://www.southafrica.info/ for further resources which can be reproduced without any copyright infringement.  Kindly attribute to Brand South Africa.For more information or to set up interviews, please contact:Nadia Samie-JacobsPublic Relations DomesticTel: +27 11 712 5007Mobile: +27 (0)72 777 9399Email: [email protected]last_img read more

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Expulsion of six students who wrote to PM revoked

first_imgThe expulsion of six students of Wardha-based Mahatma Gandhi Antarrashtriya Hindi Vishwavidyalaya for organising a function on campus without permission and writing to Prime Minister Narendra Modi over lynching and rape cases against politicians, was revoked on Sunday.The students were expelled on October 9 after varsity officials accused them of violating the election code of conduct.The students held a gathering on the campus on October 9, despite being denied permission. They were later that night given expulsion orders. In the order on Sunday, acting registrar Kadar Nawaj Khan said the expulsion was cancelled due to “technical anomalies” and in the view of natural justice.On October 10, the six posted a letter to Mr. Modi. The students had claimed that university officials had denied them permission to write to the PM.last_img read more

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Chinmayanand case Cong questions PMs silence

first_imgNew Delhi: The Congress on Thursday accused the BJP government in Uttar Pradesh of supporting rape accused former minister Swami Chinmayanand and questioned the “silence” of Prime Minister Narendra Modi and senior women leaders of the ruling party on no action against him.Congress spokesperson Sharmistha Mukherjee said by taking no action against the accused in the rape case it has become clear that the BJP is standing with Chinmayananda and is not inclined to provide justice to the victim, who has come out in the open with details of the crime. Also Read – Uddhav bats for ‘Sena CM'”This is a very serious issue. It has become very clear that this government has a very non-serious approach to tackle increasing crime against women. The government has a completely blind eye towards crime against women and they are instead protecting their leaders,” she told reporters, asking whether this case will also go the way the Unnao rape case has gone. Congress national secretary Pranav Jha also asked, “Will the prime minister take action against those committing crimes against women or remain silent and sidestep questions raised by the opposition.” Also Read – Farooq demands unconditional release of all detainees in J&KMukherjee said Modi government is talking about ‘Beti Bachao, Beti Padhao’ on one hand, while on the other hand it is “busy protecting those committing crimes against women”. She alleged that of the total budget allocated under the ‘Beti Bachao, Beti Padhao’ scheme, as much as 40 per cent has been spent on publicity and only 19 per cent has been released to states for distribution among the affected women. “This clearly shows this government is only for publicity rather than helping the women…The prime minister and the government are making fun of the people, are making fun of the women and they are making a fool of the people in the country,” Mukherjee said. “We would like to ask the government what concrete measures have they taken to ensure the safety and security of women in the country. What is the government doing to prevent crimes against women,” she asked. Another Congress leader Supriya Shrinate also asked why the senior women leaders in the BJP are silent on Chinmayanand case. She asked who is behind Chinmayananda and why he was not being arrested despite the victims making public the charges against him. Earlier Thursday, Congress leader Priyanka Gandhi Vadra also slammed the BJP government and the police in Uttar Pradesh over the Chinmayanand case, saying they were repeating the “negligence” shown and “protection” given to the accused in the Unnao rape case. Her allegations came a day after the student, who has levelled rape charges against former Union minister Swami Chinmayanand, threatened to set herself on fire if the Bharatiya Janata Party (BJP) leader was not arrested immediately. The student also asked if the government was waiting for her to die even after her statement was recorded before a magistrate. The police had earlier registered a case of criminal intimidation and abduction on a complaint lodged by the student’s father. Later, the student, who studied in a college run by an organisation led by the BJP leader, also accused him of rape and “physical exploitation” for over a year. In the Unnao case, expelled BJP MLA Kuldeep Singh Sengar has been accused of rape by a 19-year-old woman.last_img read more

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