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Indiana Chamber of Commerce issues priority list to lawmakers

first_img Google+ Indiana Chamber of Commerce issues priority list to lawmakers By Charles Edward (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons The Indiana Chamber of Commerce is asking the state General Assembly to take steps in 2021 to reinforce Indiana’s status as an economic leader in order to help businesses and their workers emerge from the prolonged pandemic.At its virtual legislative preview this past week, the organization unveiled the specific policy actions it believes will have the most impact on Indiana’s economic recovery:Enhanced legal liability protections for Hoosier businesses if an employee, customer or other person contracts the COVID-19 virus after returning to work or visiting the businessRaising the state’s cigarette tax to discourage smoking and vaping, plus shore up the state’s financesEstablishing a work share program that will allow employers to maintain a skilled stable workforce during economic downturns, like what has happened during the current pandemicIncreasing incentives for attracting remote workers to Indiana to help mitigate the projected losses to its workforce over the next decade (due in large part to Baby Boomers retiring)Additional state efforts to further prepare Indiana for the digital economy, including continuing to bring high speed broadband to all corners of the state“The pandemic was unforeseen and state funds have dwindled, but Indiana is in better position that most and can take charge of how it makes its way back,” says Indiana Chamber President and CEO Kevin Brinegar.He cautioned, however, that businesses should not be penalized for the pandemic in the form of paying more taxes or fees.“Too many companies have closed and more are barely hanging on. Instead, businesses and the workforce need as much certainty and targeted assistance in the form of incentives and opportunities. That’s how we can protect employers and employment, and start to get more back to normal.”Brinegar said he’s pleased that protecting businesses and institutions from legal liability regarding COVID-19 is also a priority of legislative leadership.He also noted that incentives around remote workers and further preparing all areas of the state for new technology are no longer an option but required. “Broadband connectivity – and ultimate consumer adoption – is becoming as important an infrastructure need as water and electricity.”Two long-standing priorities the Indiana Chamber has pushed for several years reappear on the list and seem to have their best chance of occurring in 2021: Raising the cigarette tax and the state implementing a work share program.Brinegar explained that beyond the obvious health care advantages for a state lacking in positive health outcomes, “Indiana’s smoking rate is fourth highest in the U.S., and our cigarette tax is the lowest in the Midwest and 37th lowest in the nation. With a critical need for the state to replenish its general fund, the so-called sin taxes, like on tobacco, are a likely place for lawmakers to start.”Work share legislation has yet to be voted on by the House or Senate; the Indiana Chamber sees support building for the state to join the 28 others in enacting “this common sense” employment policy.“Under a work share program, employers can reduce hours without full layoffs, enabling workers to keep their jobs (and benefits) – which, over time, could be returned to full-time status once economic circumstances improve.“We don’t know how long this recovery is going to take or if there will be more downturns along the way. What we do know is that if Indiana had a work share program currently in place, federal CARES Act money would have covered ALL the unemployment benefits for employees on work share through the end of the year.“As it is, the state’s unemployment insurance (UI) trust fund had to pay tens of millions of dollars in the benefits for those employees. This, in turn, caused the fund to be depleted faster and the state to borrow more money from the federal government than it would have if Indiana had enacted a workshare program.  We can’t afford to get caught without a work share program again,” Brinegar concludes.A panel discussion featuring all four General Assembly caucus leaders was also part of the annual Indiana Chamber event. The detailed rundown of the group’s legislative initiatives – for 2021 and long term – is available at www.indianachamber.com/priorities. Google+ WhatsApp Twitter Pinterest By Jon Zimney – November 21, 2020 1 271 Previous articleCOVID concerns force the delay of the South Bend police tapes trialNext articleEducation task force wants civics lessons to take bigger priority in schools Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. Facebook Twitter Facebook Pinterest WhatsApp IndianaLocalNewslast_img read more

Sales numbers may have slowed, but there is still property price growth in the regions

first_imgProperty prices on the Sunshine Coast, where this home at 7 Longcove Place, Peregian Springs is for sale, are on the increase. Picture: realestate.com.auPROPERTY sales numbers have dropped off in the past year with a new report revealing a slow down in four of the five major regions.The latest CoreLogic quarterly regional market update for September found that dwelling sales fell in four of the five regions in the year to August 2017 with the Gold Coast experiencing the biggest drop – down by 8.7 per cent.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Transactions numbers were also down in Townsville, – 6.3 per cent, Cairns, – 5.3 per cent and the Sunshine Coast – 2.6 per cent.Sales numbers remained stable in the Wide Bay region.While sales numbers may have dropped some regions still recorded significant increases in values. The Sunshine Coast was the best performer with values for houses up 7.1 per cent and unit values up 5.3 per cent.Gold Coast house and unit values both increased by 6.9 per cent and in the Wide Bay house values went up 1.1 per cent and units were up 0.1 per cent.Cairns only had small increases in values, houses were up 0.2 per cent and units were up 0.4 per cent, while Townsville was the only region in which values fell for both houses, down 2.8 per cent, and units, down 0.6 per cent, in the year.Download the report HERElast_img read more

US ruling allows Martinez Sampedro family full disclosure on Codere investors

first_img Related Articles Codere records 10X losses seeking vital lifeline  May 28, 2020 Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds.Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to the US hedge funds refinancing of the bankrupt Spanish gambling group undertaken between 2014 and 2016.As previously declared, Martinez Sampedro representatives intend to use its US demand in relation to the family’s corporate governance dispute being undertaken through Spain’s Capital Markets Commission (CNMV).“The decision to go to the Justice of Connecticut responds that it is in this State where the registered office of Silver Point and another of the funds demanded is located and the authorization marks an unprecedented procedural milestone in Spain,” detailed a Martínez Sampedro statement.A bitter two-year legal challenge sees the Martinez Sampedro family assert that US debt-holders led by Silver Point had failed to follow proper corporate control procedures in its €1 billion restructure of Codere, as deal stakeholders had ‘purposely bypassed’ recommending a takeover offer to founders once they had gained 30% control of the gambling group.Furthermore, the family states that its executive voting rights had been restricted during the period despite maintaining 18% of Codere’s shareholding, branding illegal the appointments of Vicente Di Loreto as new Group CEO and Norman Sorensen as Executive Chairman.This August, a CNMV filing disclosed that Codere governance had withdrawn outright the board representation of brothers’ Jose Antonio (former President) and Luis Javier (former VP) at the firm’s AGM. Codere avoids total collapse with 12-month credit line  June 22, 2020 Submit StumbleUpon Share Sharelast_img read more