Financial Program – SMLXtlarge http://www.smlxtralarge.com/ Tue, 22 Nov 2022 20:10:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.smlxtralarge.com/wp-content/uploads/2021/07/icon-5-150x150.png Financial Program – SMLXtlarge http://www.smlxtralarge.com/ 32 32 LPL Recruits $4.4 Billion Commerce Bank Wealth Program https://www.smlxtralarge.com/lpl-recruits-4-4-billion-commerce-bank-wealth-program/ Tue, 22 Nov 2022 20:10:00 +0000 https://www.smlxtralarge.com/lpl-recruits-4-4-billion-commerce-bank-wealth-program/ LPL Financial’s share of bank and credit union wealth management programs continues to grow, with its latest billion dollar hires adding to its record number. Commerce Financial Advisors, a retail brokerage and advisory business owned by major regional institution Commerce Bank, is bringing 30 financial advisors with $4.4 billion in client assets to LPL’s Institution […]]]>

LPL Financial’s share of bank and credit union wealth management programs continues to grow, with its latest billion dollar hires adding to its record number.

Commerce Financial Advisors, a retail brokerage and advisory business owned by major regional institution Commerce Bank, is bringing 30 financial advisors with $4.4 billion in client assets to LPL’s Institution Services unit next year, businesses said November 22. The Commerce decision marks the second inbound banking wealth program of at least $1 billion in client assets that LPL has unveiled this month. Previous Mega Recruits M&T Bank, BMO Harris, CUNA Brokerage Services and People’s United Bank have collectively brought approximately 865 advisors with $77 billion in client assets to LPL over the past two years.

The wealth manager has amassed about 8% of the available market share among banks and credit unions through these four transactions alone, growing its footprint to 1,100 institutions and 16% of activity in the channel, according to the presentation of LPL’s third quarter results. With new affiliations beyond these traditional domains With LPL’s business and technology spend of $220 million in 2022, the company’s workforce now exceeds 21,000 reps.

For banks and credit unions, LPL helps them meet the challenge of “compete with JPMorgans and Wells [Fargos] and Bank of Americas,” Ken Hullings, senior vice president of business development at LPL, said in an interview. The expense and complexities arising from regulation and technology can become LPL’s problem, and banks can focus on working in communities that are already familiar with them, he says.

“Advisors are more demanding, clients are more demanding, the cost of running a wealth management business, a broker and [registered investment advisor] continue to rise,” added Hullings. “What we hear a lot from our prospects and customers is, ‘Hey, we love our brand, our customers love working with our bank. We want to leverage this to deepen relationships with our customers.'”

Just as M&T Bank and BMO Harris moved last year, Commerce is closing its brokerage arm to use LPL’s and its RIA and custodian. With $33.3 billion in assets and $27.4 billion in deposits, Kansas City, Mo.-based Commerce is one of the 50 largest banks in the nation, according to the company’s website. . Its net income rose 6% to $122.8 million in the third quarter, due to higher interest-rate-related revenue, according to Commerce’s third-quarter income statement. shows.

“Commerce Financial Advisors has always been committed to helping clients achieve their financial goals through a tailored investment strategy, and LPL is the right partner to help us meet and exceed our clients’ investment goals. “Commerce Trust CEO John Handy said in a statement. “LPL’s integrated wealth management platform and focus on user experience will bring tremendous value to our advisors and enable them to deliver an advanced service experience to our clients.”

According to Jodie Papike, president of the consultancy and executive placement firm Cross-Chercher. These qualities set it apart from competitors who often focus on certain industry niches.

“They appeal to all different types of advisors. Their ability to pivot and be more of an open architecture type of business now makes them attractive to almost any type of advisor in this space,” Papike said. “LPL has been able to expand and adapt over time to have all these different ways of recruiting.”

The company’s growing footprint among banks and credit unions represents the latest phase of its longstanding presence in the channel. CEO Dan Arnold joined LPL as part of the 2007 acquisition of UVEST Financial Services Group, a former provider of wealth management services for credit union investment programs. LPL has identified an additional 20 to 30 potential recruits from other institutions that still use their own brokerages and RIAs, Hullings said.

In a video from LPL’s Investor Day last week, M&T Head of Affluent Markets Matt McAfee explained what prompted the company to movement its 210 advisors and $22 billion in client assets.

“We knew we had a somewhat undifferentiated customer experience,” McAfee said. “Some of the things we were putting customers through were, frankly, a little difficult and time-consuming, so we really wanted to create a top-notch experience for the end customer.”

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Student loan relief: Biden administration tells approved applicants program remains stuck in court https://www.smlxtralarge.com/student-loan-relief-biden-administration-tells-approved-applicants-program-remains-stuck-in-court/ Sat, 19 Nov 2022 22:32:00 +0000 https://www.smlxtralarge.com/student-loan-relief-biden-administration-tells-approved-applicants-program-remains-stuck-in-court/ CNN — The Biden administration began Saturday notifying people who are approved for federal student loan relief, though the future of that relief remains in limbo after lower courts blocked the program nationwide. The Department of Education has begun emailing borrowers who have been approved for federal student loan relief, explaining that recent legal challenges […]]]>



CNN

The Biden administration began Saturday notifying people who are approved for federal student loan relief, though the future of that relief remains in limbo after lower courts blocked the program nationwide.

The Department of Education has begun emailing borrowers who have been approved for federal student loan relief, explaining that recent legal challenges have prevented the administration from paying off the debt.

“We have reviewed your application and determined that you are eligible for loan relief under the plan,” Education Secretary Miguel Cardona wrote in the email, which was provided to CNN. “We have sent this approval to your loan manager. You do not need to do anything further.”

“Unfortunately, a number of lawsuits have been filed challenging the program which has blocked our ability to pay your debt at this time. We strongly believe the lawsuits are without merit and the Department of Justice has appealed on our behalf,” Cardona added.

Cardona’s email further explains that the administration “will discharge your approved debt if and when we prevail in court” and promises to provide further updates.

The program, which would provide up to $20,000 in debt relief to millions of qualified borrowers, remains on hold after lower courts blocked the program.

The Biden administration has been unable to pay any debts and has stopped accepting claims due to court rulings. About 26 million people applied for student loan relief before recent court rulings, with 16 million of those applications approved, according to the Biden administration.

“President Biden is fighting to get millions of borrowers the relief they need and deserve,” White House spokesman Abdullah Hasan said. “Some Republican officials and special interests are preventing this from happening. We make it clear to student borrowers who is with them and who is not.

The Biden administration on Friday asked the Supreme Court to allow its student debt relief program to take effect while legal challenges continue.

A “misguided injunction” from a federal appeals court, Solicitor General Elizabeth Prelogar told the Supreme Court, “leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable make financial decisions with an accurate understanding of their future. reimbursement obligation.

Government lawyers say President Joe Biden acted to address the financial damage of the pandemic and “smooth the transition to repayment” to provide targeted debt relief to some federal student loan borrowers affected by the pandemic.

The Supreme Court asked the plaintiffs for a response Wednesday noon.

The Biden administration’s request comes as the 8th Circuit Court of Appeals earlier this week issued a nationwide injunction on the program following a challenge from Republican-led states, which argue that the plan to student debt relief violates separations of powers and administrative procedure law. , a federal law that governs the process by which federal agencies issue regulations.

This follows a ruling by a Texas federal judge that declared the program illegal earlier this month.

Federal student loan payments are expected to resume in January after a year-long hiatus due to the pandemic.

When asked if the administration is considering extending the moratorium on student loan repayments, White House press secretary Karine Jean-Pierre said the administration is “looking at all options to give middle-class families a little more respite”.

The president last extended the freeze on federal student loan payments in August when he rolled out the sweeping student debt relief package.

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Fall statement live: OBR expects inflation to average 9.1% this year and 7.4% in 2023, says Jeremy Hunt https://www.smlxtralarge.com/fall-statement-live-obr-expects-inflation-to-average-9-1-this-year-and-7-4-in-2023-says-jeremy-hunt/ Thu, 17 Nov 2022 11:34:28 +0000 https://www.smlxtralarge.com/fall-statement-live-obr-expects-inflation-to-average-9-1-this-year-and-7-4-in-2023-says-jeremy-hunt/ UK Chancellor Jeremy Hunt’s autumn statement will be the government’s first budget announcement under Rishi Sunak. Hunt, chancellor since October 14, has abandoned almost all the measures outlined by his predecessor Kwasi Kwarteng, who was sacked after 38 days on the job. The last 12 months have seen several budget announcements under three prime ministers […]]]>

UK Chancellor Jeremy Hunt’s autumn statement will be the government’s first budget announcement under Rishi Sunak.

Hunt, chancellor since October 14, has abandoned almost all the measures outlined by his predecessor Kwasi Kwarteng, who was sacked after 38 days on the job.

The last 12 months have seen several budget announcements under three prime ministers and four chancellors:

Fall 2021

Prime Minister: Boris Johnson; Chancellor: Rishi Sunak

Sunak presented his third budget as a gateway to a post-coronavirus economy. He pledged to pump more money into public services to help post-pandemic recovery. His statement outlined plans to raise taxes to their highest level in more than 70 years, including an increase in corporation tax.

March 2022

Prime Minister: Boris Johnson; Chancellor: Rishi Sunak

Rishi Sunak unveiled tax cuts in his spring statement, his last as chancellor, which came amid rising inflation in the month following the invasion. Ukraine by Russia.

Sunak maintained a planned 1.25 percentage point increase in National Insurance contributions, but raised the minimum threshold by £3,000. It aimed to cut the basic rate of income tax by 1 percentage point to 19% in 2024 and proposed to cut fuel taxes by 5p per litre.

September 23

Prime Minister: Liz Truss; Chancellor: Kwasi Kwarteng

Kwasi Kwarteng revealed the biggest tax cuts for 50 years in his budget statement, hailing his £45billion debt-funded ‘mini’ budget as the start of a ‘new era’ of economic growth.

Kwarteng has proposed ending the additional 45p tax rate for top earners, reducing the basic rate from 20p in the pound to 19p, reducing stamp duty, national insurance and taxes on dividends and to introduce a levy on housing purchases.

He planned to drop a proposal to raise corporation tax and keep it at 19% while maintaining the 8% charge on banks’ profits, which was due to be reduced next year.

But markets crashed after the announcement and the pound fell to a record low against the dollar. Borrowing costs soared and pension funds came under pressure. The Bank of England stepped in.

The tax announcement led to his downfall – he was soon sacked as Chancellor – and Liz Truss followed by resigning as Prime Minister. His mandate had lasted 45 days.

September 28

Prime Minister: Liz Truss; Chancellor: Kwasi Kwarteng

The Bank of England has launched a £65billion emergency government bond buying program to stem a debt crisis and protect pension funds threatened with insolvency after soaring bond yields gilts.

The central bank warned of a “significant risk to UK financial stability” due to turmoil in the gilt market.

October 17

Prime Minister: Liz Truss; Chancellor: Jeremy Hunt

Three days into his term as chancellor, Hunt tore up two-thirds of Kwarteng’s mini-budget measures and warned of “extremely difficult” decisions. Truss had already scrapped tax cuts for big business and the wealthy.

Hunt scrapped a £6billion cut to the basic income tax rate, along with changes to dividend taxes, VAT relief for overseas buyers and a duty freeze on alcohol.

The Chancellor cut Truss’ scheme to cap UK households’ annual energy bills at an average of £2,500 for two years, saying it would end after six months.

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NBK Launches “Bankee” Financial Literacy Program in Schools https://www.smlxtralarge.com/nbk-launches-bankee-financial-literacy-program-in-schools/ Mon, 14 Nov 2022 23:04:15 +0000 https://www.smlxtralarge.com/nbk-launches-bankee-financial-literacy-program-in-schools/ Al-Fulaij: Education is the only path for the progress of nations, and we strongly believe in the need for concerted efforts to develop it NBK has a rich record of active participation in supporting government efforts and community development The NBK is committed to supporting national initiatives for the development of education and the improvement […]]]>
  • Al-Fulaij: Education is the only path for the progress of nations, and we strongly believe in the need for concerted efforts to develop it
  • NBK has a rich record of active participation in supporting government efforts and community development
  • The NBK is committed to supporting national initiatives for the development of education and the improvement of financial literacy in all segments of society
  • Al-Maqseed: “Bankee” is an innovative initiative that gives students the opportunity to participate in a practical program that helps them shape their character
  • Caring for the school environment makes school more attractive for students and integrates with teaching materials
  • Al-Hammad: The initiative allows the values ​​promoted by Nazaha to be integrated into the applied educational activities offered in the program

The National Bank of Kuwait (NBK), in cooperation with the Ministry of Education and the Anti-Corruption Authority of Kuwait (Nazaha), has launched the “Bankee” program in selected schools in Kuwait. The program aims to increase students’ financial literacy by introducing them to financial literacy in a hands-on and experientially engaging way.

“Bankee” is the first program of its kind introduced by NBK for the company, as part of efforts to promote financial inclusion, especially among school students, to ensure literacy is increased and maintained. finance among members of society in the future. .

The program aims to familiarize students with basic financial terminology and practices like earning, spending, and saving money, as well as financial responsibilities while upholding integrity and values. This is done by simulating the real word economy in the classroom using applied learning and gamification techniques.

Commenting on this initiative, Mr. Salah Al-Fulaij, CEO of National Bank of Kuwait – Kuwait said: “Education is the cornerstone and the only way for the progress of nations. We strongly believe in the need for concerted efforts to achieve this goal, as the responsibility is not limited to government only, but extends to the whole community, including the family, the private sector and organizations of Civil society.

“The Bankee program, which was designed by NBK for students in Kuwait, represents the collaborative efforts of different actors in society. It reflects the very advanced techniques of modern education based on interaction and simulation, and focused on the development of behaviors and practices as well as the enrichment of knowledge,” he added.

Al-Fulaij noted that NBK has a rich record of active participation in supporting government efforts and community development, as well as its huge social investments in all areas, especially education. Over these years, NBK has demonstrated a model of private sector contribution in supporting development efforts and community outreach and participation.

Al-Fulaij concluded by emphasizing that the NBK is committed to supporting all national initiatives for the development of education and exerting efforts to achieve financial inclusion and spreading financial education in all segments of the society.

For his part, Mr. Faisal Al-Maqseed, Deputy Undersecretary for Education Development at the Ministry of Education, said: “I would like to thank NBK and all participants in the innovative ‘Bankee’ program, which aims to improve the educational environment for students by providing them with the opportunity to participate in a hands-on program that helps shape their character.”

Al-Maqseed added, “Caring for the school environment and applied educational activities helps to make school more attractive to students and integrates with teaching materials.

“We hope this program will help provide various hands-on activities and succeed in broadening students’ knowledge,” he concluded.

For his part, Eng. Abrar Al-Hammad, Under-Secretary General for the Prevention Sector in Nazaha, commented on the initiative saying: “Inculcating the values ​​and concepts of integrity and transparency in the education system is one of the main tools for preventing corruption.”

She stressed that the promotion and awareness of human values ​​and the protection of society serve to achieve the objectives of Nazaha, including the protection of public money.

Al-Hammad concluded by stating that the “Bankee” initiative was developed to simulate values ​​through financial literacy and the applied educational activities offered by the program.

NBK was founded with a mission to provide financial services and create positive impact in the State of Kuwait and the community. For decades, NBK has contributed through substantial community investments in health care, education and youth.

NBK uses its efforts and capabilities to create fruitful cooperation with all government institutions and civil society for the development of society and human resources. This corresponds to the bank’s belief that people are the essential pillar of growth and prosperity, especially in the field of education, to which the bank provides all kinds of support to develop it.

-Ends-

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The College’s Financial Program Gives Students the Opportunity to Graduate Debt-Free https://www.smlxtralarge.com/the-colleges-financial-program-gives-students-the-opportunity-to-graduate-debt-free/ Sat, 12 Nov 2022 04:24:30 +0000 https://www.smlxtralarge.com/the-colleges-financial-program-gives-students-the-opportunity-to-graduate-debt-free/ A Texas federal judge has struck down the Biden administration’s student loan forgiveness program, leaving many Americans uncertain about what to do next. US judge in Texas blocks President Biden’s student debt relief plan The Department of Justice is appealing the decision and while the legal challenge unfolds, Davidson College is making education more accessible […]]]>

A Texas federal judge has struck down the Biden administration’s student loan forgiveness program, leaving many Americans uncertain about what to do next.

US judge in Texas blocks President Biden’s student debt relief plan

The Department of Justice is appealing the decision and while the legal challenge unfolds, Davidson College is making education more accessible to students.

Davidson College offers a program called The Davidson Trust where students can graduate virtually debt-free.

The school meets 100% of calculated financial need, leaving graduates with little to no student debt.

“We understand that college is expensive,” said Chad Spencer, director of financial aid at Davidson College. “And making it affordable provides better access to college for students who otherwise might not be able to afford to attend.”

Spencer said all students graduate without having to worry about heavy student debt.

The school’s financial aid department expects families to pay what they can afford after federal and state subsidies.

The rest is funded by Davidson scholarships, grants, and student jobs.

“While a Davidson education is not necessarily free, Davidson strives to make it more affordable by asking families to contribute only according to their calculated ability to pay,” Spencer said.

Making college more affordable attracts students from different socioeconomic backgrounds, he said.

More and more students have become interested in Davidson since the program launched in 2007.

Spencer said applications have increased by more than 40% and registrations have increased by 15% since then.

Italy Ramos, a student at Davidson College, wants to work in the medical field and is prepared for it to be an expensive trip.

“I was a bit stressed about how I was going to put it all together, how I was going to find the money,” Ramos said. “I come from a single parent family. It just wasn’t realistic to be able to pay thousands of dollars.

Ramos expects to graduate debt-free from the private college in 2025.

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“It was nice to be able to come to school and not have to worry once I graduate here I’m going to have to have thousands of dollars in loans.”

Ramos said the Davidson Trust is a game-changer for his future.

“I probably couldn’t have gone to college,” Ramo said. “There may have been other institutions that had offered a generous loan package, but not as generous as Davidson.”

Ramos is grateful for the opportunity to achieve her goal of getting into medical school.

“Private education is accessible and may be an option for you,” Ramos said.

VIDEO: Student Loan Forgiveness: What You Need to Know

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AlertOps Named ConnectWise PitchIT Accelerator Program Winner at IT Nation Connect 2022 https://www.smlxtralarge.com/alertops-named-connectwise-pitchit-accelerator-program-winner-at-it-nation-connect-2022/ Wed, 09 Nov 2022 23:15:00 +0000 https://www.smlxtralarge.com/alertops-named-connectwise-pitchit-accelerator-program-winner-at-it-nation-connect-2022/ ConnectWise, Inc. AlertOps Receives $70,000 from ConnectWise to Support Innovation Aspirations; Finalists Vonahi Security and Humanize IT finish second and third ORLANDO, Fla., Nov. 09, 2022 (GLOBE NEWSWIRE) — ConnectWise, the world’s leading software company dedicated to the success of IT Solution Providers (TSPs), today hosted the 2022 PitchIT Accelerator Program competition, where AlertOps won […]]]>

ConnectWise, Inc.

AlertOps Receives $70,000 from ConnectWise to Support Innovation Aspirations; Finalists Vonahi Security and Humanize IT finish second and third

ORLANDO, Fla., Nov. 09, 2022 (GLOBE NEWSWIRE) — ConnectWise, the world’s leading software company dedicated to the success of IT Solution Providers (TSPs), today hosted the 2022 PitchIT Accelerator Program competition, where AlertOps won first place, with Vonahi Security finishing second and Humanize IT third. The three finalists presented their solutions on stage in front of the judges and attendees at IT Nation Connect.

Winner AlertOps showcased their alert management and response orchestration tool that ingests signals into users’ technology stacks, facilitates scheduling and escalation-based alerts, as well as automates downstream administrative activities, and will receive a $70,000 grant to help take their business to the next level. Solution runner-up Vonahi Security showcased vPenTest, their SaaS platform that fully automates network penetration testing, and will receive a $30,000 grant to support their business. Third-place runner-up Humanize IT showcased their framework, which provides both the community and the tools employees need to upgrade all their engagements and track projects in their strategic engagements such as QBRs.

“Today’s PitchIT Accelerator program competition was truly a showcase of innovative solutions that will solve the challenges and needs of the TSP community in practice areas such as cybersecurity, finance, billing, data, marketing, sales, productivity, automation, etc,” said Chris Timms. , executive vice president of growth, ConnectWise. “ConnectWise congratulates AlertOps on its winning pitch. We look forward to seeing more of these solutions from AlertOps, Vonahi Security and Humanize IT in the future.

“We are thrilled to be named the winners of ConnectWise’s 2022 PitchIT Accelerator Program,” said Kam Srikanth of AlertOps. “Our alert management and response orchestration tool will allow MSPs to maximize their service desk efficiency by automating prioritization.”

AlertOps, Vonahi Security and Humanize IT were selected as PitchIT competition finalists from a pool of 18 applicants, who entered a two-part live pitch competition earlier this year. In addition to showcasing their solutions on stage, the three PitchIT finalists received free booths in the IT Nation Connect Exhibit Hall, as well as one-on-one coaching from former PitchIT Champion Gene Reich of the 2021 Grand Prize Winner Traceless.io; Callen Sapien, from 2018 grand prize winner Refactr (which was acquired by security provider Sophos last year); and Jamison West of TimeZest, the top finisher of 2019.

Created by ConnectWise in 2018, PitchIT is a competition and incubator specifically for innovators to pitch a potential offering that could be built on or integrated into the ConnectWise platform. With digital and cloud transformation unfolding before our eyes, PitchIT exemplifies the immense amount of talent the IT Nation community has to offer and helps deliver ConnectWise’s promise to deliver more innovation, faster, and invest in partner growth.

Media Contact:

Allison Baron, RP Touchdown

512-394-8568

connectwise@touchdownpr.com

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COP27 opens with rallying call for rich countries to pay https://www.smlxtralarge.com/cop27-opens-with-rallying-call-for-rich-countries-to-pay/ Mon, 07 Nov 2022 01:03:00 +0000 https://www.smlxtralarge.com/cop27-opens-with-rallying-call-for-rich-countries-to-pay/ The COP27 summit brings together delegates from nearly 200 countries in the Egyptian resort town of Sharm el-Sheikh to discuss how to tackle the climate crisis. Sean Gallup | Getty Images News | Getty Images SHARM EL-SHEIKH, Egypt — Senior officials have kicked off the work of the UN’s flagship climate conference by urging wealthy […]]]>

The COP27 summit brings together delegates from nearly 200 countries in the Egyptian resort town of Sharm el-Sheikh to discuss how to tackle the climate crisis.

Sean Gallup | Getty Images News | Getty Images

SHARM EL-SHEIKH, Egypt — Senior officials have kicked off the work of the UN’s flagship climate conference by urging wealthy countries to finally fix their broken $100 billion promise, as the burning issue of reparations was adopted for the first time on the official agenda.

The COP27 summit, which officially opened on Sunday, sees delegates from nearly 200 countries gather in the Egyptian resort town of Sharm el-Sheikh to discuss how to tackle the climate crisis.

Climate finance, as it has done since the first UN climate conference in 1995, will once again play a central role.

It follows a series of stunning extreme weather events around the world. For example, in the past few months alone, a third of Pakistan was completely submerged by historic floods, Nigeria recorded its worst flooding in a decade and China suffered its most intense and sustained heat wave ever. recorded.

“I fully recognize the magnitude of the challenge that still lies ahead,” Alok Sharma, a British lawmaker and last year’s COP26 president, said on Sunday as he addressed participants in the UN-brokered talks. .

“We are not currently on a path that keeps 1.5 within reach. And while I understand that leaders around the world have faced competing priorities this year, we need to be clear; however difficult our current moment may be , inaction is myopic and can only postpone climate catastrophe,” Sharma said.

“We need to find the ability to focus on more than one thing at a time. How many more wake-up calls do world leaders really need?”

“We need to find the ability to focus on more than one thing at a time. How many more wake-up calls do world leaders really need?” Sharma said at the opening ceremony of COP27.

Sean Gallup | Getty Images News | Getty Images

The 1.5 degree Celsius limit is the ideal temperature threshold assigned in the 2015 Paris Agreement. It is recognized as a crucial global goal because beyond this level, so-called tipping points become more likely . These are thresholds at which small changes can lead to dramatic changes in Earth’s entire life support system.

“I will do everything in my power to support our Egyptian friends and the UK is here to deliver ambitious results across the board, including on mitigation, adaptation and loss and damage,” declared Sharma as he handed over the presidency of the COP to the Egyptian Sameh Shoukry.

“We know we have reached a point where finance makes or breaks the work program that we have in front of us,” he added. “So while I would highlight some of the progress on the $100 billion, I hear the criticisms and agree that more needs to be done by governments and multilateral development banks.”

Losses and damages on the agenda for the first time

Southern countries will seek reassurance in Egypt that the $100 billion climate finance commitment by rich countries in 2009 to help low-income countries mitigate and adapt to the climate emergency will finally be respected.

“The current mobilization of efforts raises many concerns,” Egyptian Shoukry said on Sunday, according to a translation.

The

“The $100 billion per year commitment has yet to be implemented. Additionally, the funding currently available is focused on reducing emissions, not adaptation efforts – [and] most funding is loan-based,” he continued.

Low-income countries, already burdened with debt, have repeatedly called for a shift to grant-based financing rather than more loans.

“I believe you agree with me when I say we don’t have the luxury to continue like this. We need to change our approach to this existential threat,” Shoukry added.

“I think you agree with me when I say we don’t have the luxury to continue like this. We need to change our approach to this existential threat,” said Egyptian Sameh Shoukry.

Sean Gallup | Getty Images News | Getty Images

The push for the $100 billion funding pledge to be fulfilled comes amid broader calls for wealthy countries to compensate vulnerable nations as it becomes harder for many to live. safe on a warming planet.

Climate reparations, sometimes referred to as “loss and damage” payments, are expected to largely dominate the COP27 talks. These payments refer to the destructive effects of the climate crisis that countries cannot defend themselves against because the risks are either unavoidable or they cannot afford them.

Indeed, for the very first time, the subject of financing loss and damage has been officially included on the agenda of COP27. The issue was first raised by climate-vulnerable countries 30 years ago.

“We don’t want to be here demanding funding for our response to loss and damage,” said a spokesperson on behalf of the Alliance of Small Island States, a group of 39 small island and coastal developing states located mainly in the Caribbean and South Pacific.

“We don’t want to be treated like you’re doing us a favor by adding an agenda item or creating a voluntary fund,” they added.

“AOSIS is here to agree on the establishment of a new Loss and Damage Response Fund at COP27 that will be operational by 2024. We are here so we can return home and not become displaced by the climate in your home.”

The UN sees three essential lines of action

Shoukry’s comments follow a flurry of reprimanding reports from the UN and World Meteorological Organization in recent days.

The United Nations Environment Program said late last month that there was “no credible pathway” in place to cap global warming at 1.5 degrees Celsius. A separate UN report warned that the world was “far from meeting” its targets for cutting greenhouse gas emissions, with current plans predicting a rise in global temperatures of 2.5 degrees Celsius.

Meanwhile, the WMO said the amount of carbon dioxide, methane and nitrous oxide in Earth’s atmosphere reached record levels last year. These are the three greenhouse gases responsible for trapping heat in the atmosphere and causing global warming.

On Sunday, UN Climate Change Executive Secretary Simon Stiell urged climate envoys around the world to focus on three key lines of action at COP27. He also stressed the need for high-income countries to financially support countries on the front lines of the climate emergency.

“First, we need to demonstrate this transformational change toward implementation,” Stiell said. “Every corner of human activity must align with our Paris agreement to pursue efforts to limit temperature rise to 1.5 degrees.”

“The second line of action, we need to cement progress on these critical work streams: mitigation, adaptation, finance and – most importantly – loss and damage,” Stiell said.

“Finally, the third line of action, we must improve the implementation of the principles of transparency and accountability throughout the process.”

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Budget proposals use reserves to help board weather financial storm https://www.smlxtralarge.com/budget-proposals-use-reserves-to-help-board-weather-financial-storm/ Fri, 04 Nov 2022 15:11:30 +0000 https://www.smlxtralarge.com/budget-proposals-use-reserves-to-help-board-weather-financial-storm/ The initial budget proposals for the coming year have been drawn up by the Tendring District Council (TDC). Cabinet today (Friday 4 November) took note of the financial situation in the process of establishing the 2023-24 budget and that the authority was well placed to meet the challenges posed by the more economic climate. wide. […]]]>

The initial budget proposals for the coming year have been drawn up by the Tendring District Council (TDC).

Cabinet today (Friday 4 November) took note of the financial situation in the process of establishing the 2023-24 budget and that the authority was well placed to meet the challenges posed by the more economic climate. wide.

Budget planning assumptions include a £5 increase in TDC’s share of council tax for a D-Strip home – a measure already included in the authority’s long-term financial plan.

Carlo Guglielmi, deputy head of the TDC and cabinet member responsible for finance, said the long-term work had set the council in good stead for years to come.

“Thanks to our careful financial management and good decision-making over the past few years, we are in a good position to move away from how we meet current challenges that are largely beyond our control,” said adviser Guglielmi. .

“This work, including our declared intention to raise council tax – which is not a knee-jerk reaction but part of our ten-year financial plan, of which we are now in year seven – means we have time to rework our longer-term approach to issues such as inflation, the effects of the recession and the general increase in the cost of living.

The report outlines the council’s plans to use some of its reserves, reserve project budgets and savings to address the cost pressures the authority is facing. This is on top of the proposed average council tax increase of £5, which would raise the TDC share of a D-Band bill to £187.64.

It also outlines the pressures facing the board, which total nearly £3.4m this financial year and just over £4m the next. Some should be one-time issues, such as fuel and energy bills, while others – such as payroll costs, inflation charges on contracts, and rising costs on things like bonuses insurance – will need to be reflected annually.

“There remain a number of unknowns, such as the level of government subsidy – if any – we receive, but by taking a cautious approach and considering reasonable worst-case scenarios, this report shows that we are prepared for anything.” , added Councilor Guglielmi.

“The reserves are there for a rainy day, and although we have worked hard to avoid drawing on those of the past, that rainy day is now here and we will have to use some of our reserves to meet the challenges we face. .

“Using our assets in this way means we can continue to focus on our priorities, but that doesn’t mean we’ll be immune to having to make tough decisions in the months ahead.”

Today’s report is the first step in the budget-setting process, with further proposals returning to Cabinet next month. After that, the plans are reviewed by the committee, before being debated and voted on in the full council in February.

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Governor Newsom announces appointments 11.1.22 https://www.smlxtralarge.com/governor-newsom-announces-appointments-11-1-22/ Wed, 02 Nov 2022 01:19:08 +0000 https://www.smlxtralarge.com/governor-newsom-announces-appointments-11-1-22/ SACRAMENTO – Governor Gavin Newsom today announced the following appointments: Andrea Ambriz, 39, of Los Angeles, has been named Exposition Park’s general manager. Ambriz has served as Assistant Secretary for External Affairs at the California Natural Resources Agency since 2020. She served as Chief Operating Officer and Consultant at River LA from 2019 to 2020. […]]]>
SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

Andrea Ambriz, 39, of Los Angeles, has been named Exposition Park’s general manager. Ambriz has served as Assistant Secretary for External Affairs at the California Natural Resources Agency since 2020. She served as Chief Operating Officer and Consultant at River LA from 2019 to 2020. She served as Chief of Staff at SEIU Local 2015 from 2017 to 2019 and Director Deputy for Private Sector Engagement in the White House Office of Public Engagement from 2015 to 2016. She held several positions at the United States Department of Treasury from 2011 to 2014, including Director of Policy and strategic engagement for the myRA program in the Office of Internal Finance, Acting Deputy Assistant Secretary for International Affairs in the Office of Legislative Affairs, Special Assistant for Appropriations and International Affairs in the Office of Legislative Affairs, and Consultant to the Office of Financial Education and Consumer Policy at the Office of Home Finance. Ambriz served as a Legislative Assistant to the California State Legislature from 2005 to 2009. She is a member of the Board of Los Angeles Police and Fire Department Pension Commissioners and serves on the Upper Los River Task Force. Angeles and tributaries within the Santa Monica Mountains Conservancy. She earned a master’s degree in public policy from the University of California at Berkeley. This position does not require Senate confirmation and the compensation is $189,636. Ambriz is a Democrat.

Mariaelena Gonzalez, 47, of Redwood City, was reappointed to the Tobacco Education and Research Oversight Committee, where she has served since 2018. Gonzalez has been an associate professor at the University of California, Merced since 2020, where she was an assistant. Professor from 2013 to 2020. She has been co-director of the Research Core at the Nicotine and Cannabis Policy Research Center since 2018. Gonzalez was a postdoctoral fellow at the University of California, San Francisco Center for Tobacco Control Education from 2009 to 2013. She is a member from the American Public Health Association, Latina Researchers Network and Alpha Sigma Nu. Gonzalez earned a master’s degree in theological studies from Harvard Divinity School and a doctorate of philosophy in sociology from Stanford University. This position does not require Senate confirmation and there is no compensation. Gonzalez is a Democrat.

John Maa, 53, of San Francisco, has been named to the Tobacco Education and Research Oversight Committee. Maa has been a surgeon at Marin General Hospital since 2014, where he served as Chief of the Division of General Surgery and Acute Care from 2018 to 2020. Maa was Assistant Professor of Surgery at the University of California, San Francisco Department of Surgery in From 2004 to 2013. He served as a rank O-3 in the US Army Reserve from 1991 to 2000. Maa is President of the American Medical Association, San Francisco Chapter. He was president of the San Francisco Marin Medical Society in 2018, chair of the office of the president of the University of California Tobacco Disease Research Program from 2013 to 2017, and president of the American College of Surgeons from 2013 to 2014. He is a member of the Board of Trustees of the Museum of Asian Art and the Board of Directors of the American Heart Association. Maa earned an MD from Harvard Medical School. This position does not require Senate confirmation and there is no compensation. Maa is a Democrat.

Monica Morales, 43, of Rocklin, has been named to the Tobacco Education and Research Oversight Committee. Morales has served as director of the Santa Cruz County Health Services Agency since 2022. She served as deputy director of the California Department of Public Health from 2016 to 2021. Morales has held several positions in the Division of Public Health and Nevada Behavioral from 2011 to 2016, including Deputy Bureau Chief, Director of Chronic Disease, and Manager of Chronic Disease Wellness and Integration. Morales earned a Masters of Public Administration in Public Policy from Columbia University. This position does not require Senate confirmation and there is no compensation. Morales is a Democrat.

Ramona Mosley, 49, of Elk Grove, has been appointed to the Tobacco Education and Research Oversight Committee. Mosley has served as Chief of Program Alignment, Communications, and Equity at the California Department of Public Health’s Center for Health Communities since 2021, where she served as Communications Strategist from 2020-2021. She served as Development Coordinator of manpower, training, and technical assistant at the University of Nevada, Reno Department of Health Sciences from 2016 to 2020. Mosley was director of health programs at the Health Education Council from 2002 to 2016. She is member of the University of California, Davis Alumni Association. Mosley earned a Master of Science in Organizational Behavior and Development from Golden Gate University. This position does not require Senate confirmation and there is no compensation. Mosley is a Democrat.

Michael Ong, 50, of Santa Monica, was reappointed to the Tobacco Education and Research Oversight Committee, where he has served since 2007. Ong has been a professor at the University of California, Los Angeles since 2005. He has served as Chief of the Hospitalist Section at the VA Greater Los Angeles Healthcare System since 2018, where he has served as a staff physician since 2013. He was a Veterans Ambulatory Care Fellow at Stanford University and Palo Alto Veterans Affairs from 2003 to 2005. Ong was a resident physician at the university. of California, San Francisco from 2000 to 2003. He is a member of AcademyHealth, the American College of Physicians, the Society of General Internal Medicine, the Society of Hospital Medicine, and the California Medical Association. Ong earned an MD from the University of California, San Diego School of Medicine and a Doctor of Philosophy in Health Services and Policy Analysis from the University of California, Berkeley. This position does not require Senate confirmation and there is no compensation. Ong is a Democrat.

Aimee Sisson, 43, of Sacramento County, has been named to the Tobacco Education and Research Oversight Committee. Sisson has served as the Yolo County Health Officer since 2020. She served as the Health Officer and Director of Public Health for the Placer County Department of Health and Human Services from 2019-2020. Sisson served as the Medical Officer in Charge of the Public Health at the Workforce Development Section of the Chronic Disease Control Branch of the California Department of Public Health from 2017 to 2019, where she served as the Public Health Medical Officer of Health in the Development Section programs from 2015 to 2017 and 2008 to 2009. Sisson was a farmer and owner of the Root Cause Farm from 2015 to 2016. She served as a public health officer in the Department of Health’s Office of Health Equity Public of California from 2012 to 2015. Sisson was an organic agriculture apprentice at the Soil Born Farms Urban Agriculture and Education Project from 2012 to 2013. Resident in the Department’s Preventive Medicine Residency Program of California Public Health from 2007 to 2008. Sisson was a Categorical General Surgical Intern at the University of California, Davis Medical Center from 2005 to 2006. She is a Fellow of the American College of Preventive Medicine and President of the California Academy of Preventive Medicine. Sisson is a member of the California Conference of Local Health Officers, the Health Officers Association of California, and the California Medical Association. She earned a Master of Public Health in Epidemiology from the University of California, Davis and an MD from the University of California, Los Angeles School of Medicine. This position does not require Senate confirmation and there is no compensation. Sisson is a Democrat.

Claradina Soto, 47, of Whittier, was reappointed to the Tobacco Education and Research Oversight Committee, where she has served since 2019. Soto has been an associate professor at the University of Southern California since 2022. She was Clinical Assistant Professor in Keck Medicine at the University of Southern California from 2015-2022. Soto received a Masters of Public Health in Biostatistics and Epidemiology from the University of Southern California and a Doctor of Philosophy in Preventive Medicine from the University of Southern California. This position does not require Senate confirmation and there is no compensation. Soto is a Democrat.

Anna Song, 46, of San Ramon, has been appointed to the Tobacco Education and Research Oversight Committee. Song has served as Director of the University of California, Merced Nicotine and Cannabis Policy Center since 2018. She has been a Professor at the University of California, Merced since 2022, where she served as an Associate Professor from 2008-2022. Song was a Postdoctoral Fellow at the University of California, San Francisco from 2006 to 2008. She is a Fellow of the Society for Community Research and Action, the American Public Health Association, and the Society of Behavioral Medicine. Song earned a doctorate in psychology from the University of California, Davis. This position does not require Senate confirmation and there is no compensation. The song is recorded with no part preference.

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FirstLine Financial Unveils WRAP Retirement Plan https://www.smlxtralarge.com/firstline-financial-unveils-wrap-retirement-plan/ Sat, 29 Oct 2022 20:48:00 +0000 https://www.smlxtralarge.com/firstline-financial-unveils-wrap-retirement-plan/ Scottsdale, Ariz.–(Newsfile Corp. – Oct. 29, 2022) – FirstLine Financial announces the launch of its WRAP (Written Retirement Action Plan) method to help baby boomers retire. Will Murray FirstLine’s plan has proven effective in guiding diverse groups of individuals through this complex process. As the name suggests, this unique method “bundles” investing, tax relief, inheritance […]]]>

Scottsdale, Ariz.–(Newsfile Corp. – Oct. 29, 2022) – FirstLine Financial announces the launch of its WRAP (Written Retirement Action Plan) method to help baby boomers retire.

Will Murray

FirstLine’s plan has proven effective in guiding diverse groups of individuals through this complex process. As the name suggests, this unique method “bundles” investing, tax relief, inheritance planning, health care planning and income into one effective approach.

The WRAP methodology consists of four stages: discovery, strategy, implementation and completion. The method is adapted to each person’s financial situation, objectives and values. With these key elements in mind, FirstLine Financial’s goal is to alleviate financial stress in the retirement process.

“People shouldn’t worry about the economy and their assets on a daily basis,” said Will Murray, Wealth Advisor at FirstLine Financial. “Too many people turn a blind eye to their portfolios and retirement plans for decades, and then once they retire, it becomes their priority.”

The focus of their WRAP method remains on the importance of a smooth transition from wealth accumulation to long-term distribution planning as you approach retirement. This reduces the overall risk on their investment portfolio.

FirstLine Financial’s plan emphasizes the idea that assets should be allocated differently in retirement than they are during wealth accumulation. Time and time again, it has proven extremely difficult to bounce back from losses when a person makes withdrawals from investment accounts.

“The biggest threat to pension plans is not knowing when to transition from accrual planning to pay-as-you-go planning,” Murray said. “Unfortunately, the hardest hit during bear markets are those in retirement. They need to take a different approach than they have taken for decades in their working years.”

For more information about FirstLine Financial’s retirement planning services, visit https://firstlinefin.com

About:

FirstLine Financial connects individuals who wish to grow and protect their capital with offers to which, until now, only ultra-wealthy investors had access. The team specializes in retirement planning and provides hard-working individuals with data-driven strategies for portfolio management and comprehensive financial planning.

Media Contact:
Will Murray
Wealth Advisor
will@firstlinefin.com
https://firstlinefin.com

Advisory services are offered by FirstLine Financial LLC, a registered investment adviser in the State of Arizona. Insurance products and services are offered by FirstLine Wealth Management LLC, an affiliated company.

The opinions expressed are those of the author and do not constitute investment advice or a forecast or guarantee of future results. All investments involve risk including loss of principal and cannot be guaranteed against loss by any bank, custodian or other financial institution. Advisory services are offered by FirstLine Financial LLC, a registered investment adviser in the State of Arizona. Insurance products and services are offered by FirstLine Wealth Management LLC, an affiliated company.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142247

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