Saturday, October 30, 2021

Health-Care Workers, Agency Finalize $1.5 Million Wage Deal

Staffing company RCM Technologies USA Inc. and health-care workers allegedly shorted on overtime pay secured final approval of a $1.5 million class settlement from a federal court in California.

Rhonda Hubbard alleged RCM underpaid employees on travel assignments in California by excluding the value of weekly per diem and stipend payments from the "regular rate" when calculating overtime pay.

Twitter: @BLaw
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Colorado Proposes Expanded Definition Of Vacation Pay, New Highly Compensated Employee Exemption,

The Colorado Department of Labor Division of Labor Standards and Statistics has proposed modifications to its Wage Protection Rules and has published proposed Colorado Overtime and Minimum Pay Standards (COMPS) Order #38.

The 2022 Wage Protection Rules propose to bring PTO policies within the Division's purview by significantly expanding the definition of vacation pay. Specifically, the Division proposes to define vacation pay as:

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What the clocks going back next weekend mean for workers – and whether you'll work an extra hour

MILLIONS of us get an extra hour in bed next weekend as the clocks go back on the first Sunday of November.

But as the time changes from 2am to 1am on November 7, it could mean an extra hour of work for many night shift workers.

However, it's important to note that Hawaii and most of Arizona don't observe daylight saving time due to their unique climates.

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Publisher: The US Sun
Date: 2021-10-30T13:35:47 00:00
Author: 161385360554578
Twitter: @thesun
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Equinox Trainers Seek Collective Cert. In OT Dispute - Law360

Enter your details below and select your area(s) of interest to receive Law360 Employment Authority daily newsletters

Author: https www law360 com employment authority articles 1435959 equinox trainers seek collective cert in ot dispute
Twitter: @law360
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Adams vs. Sliwa: A Guide to New York's Mayoral Race - The New York Times

The final weeks of the New York City mayor's race have been dominated by personal attacks between the two leading candidates. Eric Adams , the Democratic front-runner, called his Republican opponent, Curtis Sliwa , racist and a "Mini-Me of Donald Trump." Mr. Sliwa has criticized Mr.

It should be no surprise that the two candidates also have very different visions for the city as it emerges from the pandemic.

Date: 2021-10-29T09:00:26.000Z
Twitter: @nytimes
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Dia de Muertos vigil and ceremony coming to Denver on Nov. 1

The agricultural field is known to be very dangerous and still subject to systemic and historic racism, even with the passing of the most comprehensive agricultural workers rights bill in the country here in Colorado in 2021.

Inside the building, while we hold our vigil, the CDLE will be holding their last comment session for the overtime decisions for 21-087.

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Publisher: FOX21 News Colorado
Date: 2021-10-30T00:25:03 00:00
Author: Dani Birzer
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Public servants, soldiers drive take-home pay surge - report | Fin24

A report by BankservAfrica has found that average take-home pay before inflation increased by 13.5% in September, which the index says marks the fastest growth on record of South African salaries.

The BankservAfrica Take-Home Pay Index (BTPI) found that salary data held 800 000 extra payments, which came in large part from government departments and the public service wage adjustments agreed upon at the Public Service Coordinating Bargaining Council earlier this year.

Publisher: Fin24
Date: 2021-10-29T03:06:08.61Z
Author: Khulekani Magubane
Twitter: @fin24
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MCSO receives two grants | Local News | fhtimes.com

The Maricopa County Sheriff's Office has received two grants from the Governor's Office of Highway Safety (GOHS) Selective Traffic Enforcement Program (STEP) for addressing traffic safety issues.

One grant covers overtime and equipment from the Governor's Office of Highway Safety for aggressive driving detection enforcement and education.

Publisher: Fountain Hills Times
Twitter: @FHTimesNews
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Employment Law Attorneys at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Suit Against DCSM,

DCSM, Inc. allegedly violated the California Labor Code by failing to provide their employees with legally required meal and rest breaks, as well as allegedly failed to compensate for overtime.

For more information about the class action lawsuit against DCSM, Inc., call (800) 568-8020 to speak to an experienced California employment attorney today.

Publisher: Benzinga
Twitter: @benzinga
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Happening on Twitter

5 years of continuous service mandatory for tax free EPF withdrawal

Investment in Employee Provident Fund (EPF) enjoys the status of Exempt-Exempt-Exempt - Exempt on Investment, Exempt from Interest accrued thereon and Exempt on Maturity. Exemptions, however, are subject to conditions

Publisher: mint
Date: 2021-10-30T14:15:33 05:30
Author: _____
Twitter: @mint
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Twitter: @FinancialTimes
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Reaves Utility Income Fund Section 19(a) Notice | Colorado | gjsentinel.com

DENVER, Oct. 29, 2021 /PRNewswire/ -- On October 29, 2021, the Reaves Utility Income Fund (NYSE MKT: UTG) (the 'Fund'), a closed-end sector fund, paid a monthly distribution on its common stock of $0.19 per share to shareholders of record at the close of business on October 20, 2021.

Publisher: The Grand Junction Daily Sentinel
Date: 38D9F4B5D2666ED0512544DBD7860B3B
Author: Reaves Utility Income Fund
Twitter: @DailySentinelGJ
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Accountants: Worry about adapting, not being replaced | Accounting Today

Whatever their fears, the perpetual advance of technology isn't going to replace accountants — but it will require them to change significantly, according to Jason Marx, president and CEO of Wolters Kluwer Tax & Accounting.

Publisher: Accounting Today
Date: 2021-10-29T13:00:00
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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Nuveen Dynamic Municipal Opportunities Fund Announces Availability of 19(a) Notice | Business Wire

The following table provides estimates of the Fund's distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Funds attribute these estimates equally to each regular distribution throughout the year.

1 Net investment income (NII) and capital gain amounts are as of the stated month-end date above.

Date: 2021-10-29
Twitter: @businesswire
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Tekla World Healthcare Fund Paid Distribution | Business | valdostadailytimes.com

On October 29, 2021, Tekla World Healthcare Fund paid a monthly distribution of $0.1167 per share. It is currently estimated that this distribution is derived from return of capital or other capital source.

The following table sets forth the estimated amounts of the current distribution, paid on October 29, 2021, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains

Publisher: Valdosta Daily Times
Twitter: @TheVDT
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What Exactly is a Billionaire Tax — and How Would it Work? - LeeDaily.com

Following months of discussions upon the big social spending bill of President Joe Biden, Democrats in Congress are finding their methods to pay for it have zeroed in on billionaires in America.

The very few details of the program have been disclosed till now and discussions upon the social spending bill are still variable.

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Publisher: LeeDaily.com
Date: 2021-10-27T05:45:41 00:00
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Lukashenko explains decision to tax Belarusian apartment owners

DOBRUSH, 29 October (BelTA) – While talking to workers of Dobrush Paper Mill Belarus President Aleksandr Lukashenko answered a question about why the tax concession for apartment owners has to be abolished, BelTA has learned.

The government is considering the idea now. The president explained why taxation regulations need to be adjusted as a whole. Representatives of the private sector complained in the past that Belarusian tax regulations were complicated.

Publisher: Belarusian Telegraph Agency
Date: 2021-10-29 14:27:58
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Cohen & Steers Quality Income Realty Fund, Inc.

NEW YORK , Oct. 27, 2021 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes.

Twitter: @Yahoo
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Hidden economics lessons in ghost stories | TheHill

With Halloween just a few days away, the trick-or-treating is about to begin. Americans are predicted to spend $3 billion on Halloween candy this year, and about the same on costumes and decorations. But this isn't the only way economics is on display during the spooky season.

Publisher: TheHill
Date: 2021-10-29T13:00:07-04:00
Author: James Broughel opinion contributor
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Kemper Named Agricultural Economics and Agribusiness Assistant Department Head | University of

Nathan Kemper, a two-time U of A graduate, has been a faculty member in the Department of Agricultural Economics and Agribusiness since 2014.

In this position, he supports department head John Anderson by providing leadership and management of the undergraduate program, and in planning, development and delivery of new and existing online content.

Publisher: University of Arkansas News
Date: Oct 29 2021
Twitter: @uarkanasas
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Economics in Brief: DOJ Leads Hard Charge Against Redlining

U.S. Justice Department To Take Action Against Redlining
The Justice Department has announced it will take aggressive action against redlining.

At an Oct. 22 press conference, Attorney General Merrick Garland noted the importance of homeownership in building wealth, Black Enterprise reports , as redlining increases the racial wealth gap.

Twitter: @NextCityOrg
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Biden's Banking Nominee Would Pursue Soviet Economics | RealClearPolitics

Magicians try to distract the audience from looking at one hand by dangling something shiny in the other. So do politicians.

The left’s latest magician: Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency. OCC is an important agency — it has power to regulate all national banks and federal savings associations.

Twitter: @RealClearNews
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Home Economics: Pandemic-era savings rates under threat; Remote workers worry about bias - BNN

A worker uses a desktop computer whilst working from home in Stow Maries, U.K., on Wednesday, April 8, 2020. Among the decisions that my need to be made in U.K.

Publisher: BNN
Date: 2021-10-29T14:37:53-04:00
Author: BNN Bloomberg
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Health economics expert available to discuss elimination of lead pipes provision in Biden's

LAWRENCE — The Biden administration has proposed devoting $45 billion of its infrastructure bill to eliminating all lead pipes. But do the benefits justify the cost?

David Slusky, De-Min and Chin-Sha Wu Associate Professor in Economics at the University of Kansas, is available to discuss this significant plan with media. He also has an appointment in the KU Department of Population Health.

Publisher: The University of Kansas
Date: 2021-10-28T10:50:43-05:00
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Raising the federal minimum wage: Nobel Prize economics – The Bowdoin Orient

In high-school economics classes, we learned that when it comes to the effects of minimum wage on unemployment, "raising the minimum wage will increase unemployment.

However, this economic theory has drawn increased criticism over the years, with more researchers proving its limitations. Its limitations have been overshadowed in an effort to further destabilize the labor movement and the working-class.

Publisher: The Bowdoin Orient
Date: 2021-10-29T01:53-04:00
Twitter: @bowdoinorient
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Michael Eisenberg on Economics in the Book of Genesis – Ricochet

It’s often thought that the Hebrew Bible focuses on the human capacity for good rather than on urging prosperity—that, in other words, trade and markets―areas where rational actors seek to maximize their self-interest―are distinct from ethical conduct and moral behavior.

Musical selections in this podcast are drawn from the Quintet for Clarinet and Strings, op. 31a, composed by Paul Ben-Haim and performed by the ARC Ensemble.

Publisher: Ricochet
Date: Est. reading time
Twitter: @ricochet
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Susan Crabtree: Economics And Education Are Driving Election For Governor In Virginia | Video |
Twitter: @rcpvideo
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SporticoU: A Nobel Prize in (Sports?) Economics – Sportico.com

The Nobel Prize in Economics—well, technically, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (it’s a long story…)—is generally awarded to scholars way above the paygrade of those of us studying the economics of sports.

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Publisher: Sportico.com
Date: 2021-10-26T19:25:12 00:00
Author: Victor Matheson
Twitter: @sportico
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Happening on Twitter

Friday, October 29, 2021

Democrats weighing changes to limit on state and local taxes deduction

President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn't propose changes to the $10,000 cap on the federal deduction for state and local taxes, known as SALT, some lawmakers are still pushing for a last-minute addition.

Publisher: CNBC
Date: 2021-10-29T18:40:31 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Inflation Will Linger No Matter What Happens With Taxes | Barron's
Date: 2021-10-30T00:40:00.000Z
Author: Randall W Forsyth
Twitter: @BarronsOnline
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Minimizing Taxes When You Inherit Money | Kiplinger

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 put an end to that tax-saving strategy.

But IRA beneficiaries who aren't eligible for these exceptions could end up with a hefty tax bill, especially if the 10-year withdrawal period coincides with years in which they have a lot of other taxable income.

Publisher: Kiplinger
Author: Sandra Block
Twitter: @Kiplinger
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targets fossil fuel firms, raising more than $100 billion in taxes - The Washington Post

The tax-and-spending bill the White House hopes to pass within a matter of days would provide unprecedented levels of funding to combat climate change. But it would force the oil and gas industry to share the cost by raising more than $100 billion from fossil fuel firms over the next decade.

Publisher: Washington Post
Date: 2021-10-29T22:32:50.490Z
Twitter: @WashingtonPost
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Hey President Biden - What Taxes Are You Now Imposing On Businesses And High Earners?

ST. PAUL, MN - OCTOBER 30: Democratic presidential nominee Joe Biden speaks during a drive-in ... [+] campaign rally at the Minnesota State Fairgrounds on October 30, 2020 in St. Paul, Minnesota. Biden is campaigning in Iowa, Wisconsin and Minnesota on Friday.

We all know the story of Noah's Ark. It was Noah who began to build the Ark just before it started to rain.

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Publisher: Forbes
Date: 2021-10-29
Author: Alan Gassman
Twitter: @forbes
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Democrats Want to Raise Taxes. Here's What's Likely to Change. | Barron's

More than a dozen significant tax hikes have been proposed by Democratic lawmakers in recent weeks as they devise—and revise—ways to pay for President Joe Biden's budget bill, which seeks to fund measures to aid child care, education, healthcare, and clean energy.

Date: 2021-10-29T20:41:00.000Z
Author: Karen Hube
Twitter: @BarronsOnline
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Alberta to boost municipalities' power to claim unpaid property taxes from energy firms |

Pipes run through Shell's new Quest Carbon Capture and Storage (CCS) facility in Fort Saskatchewan, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol

CALGARY, Alberta, Oct 28 (Reuters) - Canada's main energy-producing province Alberta is proposing to amend legislation in order to give municipalities more power to collect unpaid property taxes worth C$245 million ($199 million) from oil and gas companies, the government said on Thursday.

Publisher: Reuters
Date: 2021-10-28T21:07:29Z
Author: Nia Williams
Twitter: @Reuters
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Supervisors: Taxes down 6.2% in proposed county budget | Columbia County | hudsonvalley360.com

Officials are expecting a 6.2% tax rate reduction in the tentative $162 million Columbia County budget for 2022.

The Columbia County Board of Supervisors announced Monday the 2022 county budget will see a 2% tax levy cut and a 6.2% tax rate reduction for county taxpayers.

Publisher: HudsonValley360
Author: Natasha Vaughn HoldridgeColumbia Greene Media
Twitter: @rsnewsroom
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Happening on Twitter

High Point University Students Simulate Forensic Accounting Exercise with IRS Agents | Business |

High Point University accounting students teamed up with federal IRS agents in the Criminal Investigation division on Oct. 27 to simulate the Adrian Project. The event helped students investigate different IRS crimes that agents encounter through mock scenarios.

Publisher: YES! Weekly
Twitter: @yesweekly
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Abington senior reflects on public accounting internship | Penn State University

Penn State Abington senior Chris Liston shares his experience as a tax intern at the public accounting firm Grant Thornton LLP in Philadelphia. Credit: Zack Gething .

Penn State Abington senior Chris Liston interned during the pandemic for the Philadelphia office of the audit, tax, and advisory firm Grant Thornton LLP. In a video, he reflects on lessons learned from his time there.

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Ditch the accounting tricks at the statehouse | Editorial | madison.com

Quick question: If you buy your Christmas gifts with a credit card this December, will you still owe that money in January?

Yet when state leaders put together a state budget — spending tens of billions of dollars a year in public money — they often fail to account for future obligations, pretending they don't exist.

Publisher: madison.com
Author: Wisconsin State Journal editorial board
Twitter: @WiStateJournal
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Bloomberg - Are you a robot?
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FASB updates accounting for acquired business revenue contracts | Accounting Today

The update aims to reduce the differences in the way companies account for the assets and liabilities they end up with when they acquire another company.

But some of FASB's stakeholders said it's unclear how an acquirer should evaluate whether to recognize a contract liability from a revenue contract with a customer acquired in a business combination after the revenue recognition standard is adopted.

Publisher: Accounting Today
Date: 2021-10-28T17:11:49.918
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Accounting Today launches 'Year Ahead' survey | Accounting Today

Accounting Today is conducting its annual "Year Ahead" survey, and is looking for input from public accountants across the country on their plans for 2022.

The annual survey aims to identify the key strategies, growth drivers and best practices that tax and accounting practices are looking to implement over the next 12 months, as well the issues that are top of mind for them. Areas of focus include:

Publisher: Accounting Today
Date: 2021-10-29T13:03:00
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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NYSSCPA president Rumbi Bwerinofa-Petrozzello aims for greater diversity in accounting |

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA's nearly 125-year history.

She is senior director of consulting at Seramount, a data-driven strategic professional services firm that is dedicated to advancing diversity, equity and inclusion in the workplace.

Publisher: Accounting Today
Date: 2021-10-28T20:25:32.947
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Bentley Master's Fellowship Aims to Increase Accounting Industry Diversity

This fall Bentley University is joining some of the world's biggest accounting firms in launching initiatives that will help create a more inclusive industry for underrepresented groups.

"The fellowship opportunity reduces one of the many barriers to entry that students from underrepresented groups face in their educational pursuits and facilitates more inclusive and equitable access to a rigorous accounting education," says Bentley Assistant Professor of Accountancy Kerri-Ann

Publisher: Bentley University
Date: 2021-10-29T12:06:46-0400
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McNees Wallace & Nurick partners with central Pa.

Pictured from left to right are attorneys Fritz Kriete and Steve Moore; accountants, Bob Murphy, Dan Thompson and Jay Goldman and attorney, David Noll, all of Keystone Advisors (Photo provided)

A law firm based in Harrisburg and an accounting firm based in East Pennsboro Township have launched a new company aimed at providing services for companies seeking to buy or sell auto dealerships.

Publisher: pennlive
Date: 2021-10-29T19:59:47.107Z
Author: danielurie
Twitter: @pennlive
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Canada's Accounting Artifice Masks Logging's Climate Toll | NRDC

Driving across Canada's boreal forest, it's possible to be feet from a clearcut and never know it. Lining Canada's roads are thin strips of forest, made just dense enough to obscure from passersby the devastating scene on the other side.

Canada has taken the same tack in its portrayal of industrial logging's climate cost.

Publisher: NRDC
Date: 2021-10-28T14:05:17-04:00
Author: Jennifer Skene
Twitter: @nrdc
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Happening on Twitter

2021 Business Forward Forum - Brooklyn Park

Join us at the 10th Annual Business Forward Forum on November 4! The city is bringing together the business community virtually to discuss how Brooklyn Park responded to COVID-19, provide updates about development in the community

Dr. Nerita Hughes
Dean, NHCC School of Business, Careers, Education & Workforce Innovation
President/CEO of JG Consulting

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Publisher: Brooklyn Park
Twitter: @BrooklynPark
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Retraining Your Brain For Business Success

Making the most of opportunities can be tricky if you are not in the right mindset.

Having studied psychology and neuroscience, Zahra has spent over three decades learning how to tap into our natural ability to stay calm and focused while boosting performance.

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Publisher: Forbes
Date: 2021-10-29
Author: Mike Swigunski
Twitter: @forbes
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The color of money - Virginia Business

A dusty floor, lumber piles and strewn tools mark the signs of active construction in the future showroom of Pure Shenandoah LLC.

CEO Tanner Johnson stands in the front room of the historic, renovated Casey Jones building in Elkton and describes the experience of a future customer.

Publisher: Virginia Business
Date: 2021-10-29T03:59:24 00:00
Twitter: @virginiabiz
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Madison's UJAMAA Business Network aims to empower entrepreneurs of color | Business News |

An art piece depicting a woman with earrings hangs from a vendor tent at the UJAMAA Business Network market on Oct. 22.

A new and growing entrepreneurial network is making its mark on Madison by equipping Wisconsin business owners of color with the knowledge, skills and resources they need to grow.

Publisher: madison.com
Author: Emilie Heidemann Wisconsin State Journal
Twitter: @WiStateJournal
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Huawei revenue slides in Q3 as smartphone business remains crippled | Reuters

A Huawei logo is seen on a cell phone screen in their store at Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido

SHENZHEN, China, Oct 29 (Reuters) - Revenue of China's Huawei Technologies Co Ltd (HWT.UL) plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy.

Publisher: Reuters
Date: 2021-10-29T08:23:28Z
Author: David Kirton
Twitter: @Reuters
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Program aims to boost Latino entrepreneurship - Virginia Business

Arlene Guzman had a small restaurant in Puerto Rico, but "I never felt like I had the training" to be an entrepreneur, she says through a bilingual interpreter. "This is why I sought this opportunity."

Twenty participants are taking part in the in-person course, learning about entrepreneurship from local Hispanic business owners and financial experts.

Publisher: Virginia Business
Date: 2021-10-29T03:59:05 00:00
Twitter: @virginiabiz
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'Saginaw Soup' business pitching event returns with new 'people's choice' prize - mlive.com

SAGINAW, MI - The Saginaw Soup Pitch Competition is back Monday, Nov. 1, and this year residents can vote to choose their own winner.

The competition is scheduled for 6 p.m. Monday at the CMURC office space upstairs in the SVRC Marketplace, located at 203 S Washington Ave. Local entrepreneurs will pitch small business ideas to a panel of judges, with thousands in cash prizes on the line to make that idea a reality.

Publisher: mlive
Date: 2021-10-29T11:01:00Z
Author: rimurdock
Twitter: @mlive
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Better Therapeutics Closes Business Combination and Debuts on Nasdaq

The shareholders of Mountain Crest Acquisition Corp II approved the transaction at a special meeting held on October 27, 2021, and the transaction was previously approved by Better Therapeutics' stockholders.

The proceeds of the transaction will be used to advance Better Therapeutics' lead product for the treatment of type 2 diabetes, BT-001, through clinical trials and submission for marketing authorization by the U.S.

Twitter: @Yahoo
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Wyndham CEO says business is 'off the charts' as leisure and business travel returns in

The CEO of Wyndham Hotels & Resorts told CNBC on Thursday that strong travel demand in the U.S. has helped the company shake off its pandemic-related slowdown.

While some industries have had trouble bouncing back after Covid pandemic disruptions, business at Wyndham is "absolutely stronger than before the pandemic," CEO Geoff Ballotti said in an interview on " The Exchange ."

Publisher: CNBC
Date: 2021-10-29T00:37:35 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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New business receives boost from local group | News, Sports, Jobs - The Herald Star

PLANS ARE BREWING — Renovation of a former boarding house at Clarke and North Fourth streets in Toronto for the upcoming Tri B's coffee shop have received a boost through two grants presented by the Toronto Beautification Committee and Toronto Coalition for Revitalization.

TORONTO — A local couple’s ongoing renovations of a former boarding house for the establishment of a new business have received a boost from two volunteer groups.

Publisher: heraldstaronline.com
Twitter: @HeraldStar
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Happening on Twitter