N.J. to borrow billions to help avert public worker layoffs after Murphy, top Democrats cut deal
Gov.Phil Murphy and his fellow Democrats who lead the state Legislature agreed to a plan Friday that would allow New Jersey’s state government to borrow up to nearly $10 billion to help make up massive losses in tax revenue wrought by the coronavirus pandemic.Almost immediately, top Republican leaders announced they plan to file lawsuits to prevent the move, calling the plan “clearly unconstitutional.”Murphy said New Jersey is facing possibly a $20 billion hole in its state budget, and borrowing is one of a few necessary moves the state needs to take balance the budget and avoid widespread lay...
10-year plan hopes to give western chimpanzees a fighting chance
Western chimpanzees are the most threatened of the four confirmed chimpanzee subspecies. Conservationists estimate that populations of the western chimpanzee (Pan troglodytes versus) declined by 80% between 1990 and 2014. Large tracts of chimpanzee habitat have already been lost, and much of what remains is in the crosshairs of agriculture, industry and infrastructure development.Adding to the pressure, in their West African home, the subspecies shares its space with the world’s fastest-growing human population. Without immediate action, the IUCN warns the western chimpanzee may soon become ex...
Challenging Trump on economy, Biden unveils $700 bn recovery plan
Dunmore (United States) (AFP) - Joe Biden unveiled a $700 billion plan Thursday to create jobs and invest in new technologies in an aggressive challenge to President Donald Trump on economic policy, as the warring sides clashed in key election battleground Pennsylvania.The Democratic challenger presented his sweeping "Build Back Better" proposal, a contrast to Trump's "America first" agenda, during a speech at a metalworks plant in a swing state critical to either candidate's victory in November.Vice President Mike Pence was simultaneously barnstorming Pennsylvania, defending his boss's handli...
The Chainsmokers plan drive-in concert fundraiser
The Closer hitmakers, who have been taking a break from the spotlight to work on their fourth album, will perform at the Nova's Ark Project in Water Mill, Long Island on 25 July (20), when fellow artists will include singer/songwriter Matt White, and David Solomon, the CEO of financial giant Goldman Sachs, who spins records part-time under the name DJ D-Sol.The event, organised by officials at travel agency In The Know Experiences and JAJA Tequila, in which the duo has a stake, is designed to raise money for No Kid Hungry and the Children's Medical Fund of New York, as well as a number of loca...
De Blasio unveils most detailed plan yet to reopen New York City schools
NEW YORK — Mayor Bill de Blasio and New York City Schools Chancellor Richard Carranza unveiled on Wednesday the most detailed plan yet for the reopening of city schools in the fall, a day after President Donald Trump demanded schools physically reopen.De Blasio stressed that the partial, physical reopening of schools would depend on the city’s continuing progress to beat back the coronavirus and that families will be able to opt into a completely remote learning configuration if they have safety concerns.“They have every right to do that,” de Blasio said. “We’ll be ready.”The announcement came...
New York Daily News
ST. LUCIA-ECONOMY-Government to outline new recovery plan post COVID-19
The St. Lucia government Wednesday said it would present an economic recovery and resilience plan for the island on Sunday, even as the main opposition St. Lucia Party (SLP) accused the government of wasteful spending.In a statement, the government said that Prime Minister Allen Chastanet said that the plan is part of his administration’s structured and long term response to the impact of the coronavirus (COVID-19) pandemic.The plan was prepared by the Ministry of Finance with recommendations from the Economic Recovery Multi-Sectoral Committee, comprising representatives from the private secto...
Katz and Netanyahu fail to present economic plan, despite pledge
Israeli society, faced with one million jobs lost due to the coronavirus pandemic, mounting civic unrest and increasing reports of families requesting food charity to sustain themselves, looked to Prime Minister Benjamin Netanyahu for answers.Up until now, it didn’t get any. Finance Minister Israel Katz and Netanyahu failed to present a workable financial program to the nation.Details about the plan Katz is pushing for include the extension of unemployment benefits until June 2021, a suspension of mortgage payments, business loans to be offered by the state to the tune of NIS 23 billion and of...
Jpost.com - The Jerusalem Post online edition
Can I use a 529 plan to pay for K-12 tuition?
Q. Can a New Jersey resident use a 529 plan to pay for K-12 tuition at a school in New York State?— DadA. 529 plans are a great way to save for college. But now, you can also use the funds for K-12 educations, too.529 plans are state-run plans that allow you to contribute tax-deferred dollars for college and university expenses, said Dawn Brown, a certified financial planner with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.She said the plans were created to be used to pay for tuition and other qualified expenses.“The Tax Cuts and Jobs Act in 2017 expanded the use ...
Saudi Arabia’s 6-point plan to spur global economy
DUBAI: Saudi Arabia, in its capacity as president of the G20 group of nations, has unveiled a six-point business plan to jump start the global economy out of the recession brought on by the COVID-19 pandemic.Yousef Al-Benyan, the chairman of the B20 business group within the G20, told a webinar from Riyadh that the response to the pandemic -— including the injection of $5 trillion into the global economy — had been “reassuring.”But he warned that the leading economies of the world had to continue to work together to mitigate the effects of global lockdowns and to address the possibility of a “...
Meghan Markle and Prince Harry plan Archewell films
The Duke of Duchess of Sussex have applied to trademark Archewell for "television shows and motion picture films". The royal couple have submitted documents to the Intellectual Property Office in London offering a wide range of potential ventures under the umbrella of the name of their planned charitable foundation. According to the Daily Mail newspaper, they have also listed "digital entertainment content", "providing a website featuring information in the field of physical fitness" and a site"'featuring information in the field of nutrition, general health and mental health" in their submiss...