Page 43 - Development Working News Today

One small step for bipartisanship, is there more to come in washington . Congress is back to work this week. Top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. Stocks up this week in anticipation of a deal with the dow clocking five straight of gains. And black friday Consumer Spending was down as well. Now lets bring in t number ...

You moment noted the requirement they november the fda in advance help the situation they are able to take from steps. While fda is planning to establish a new Information System to track data there are significant concerns specifically conducting routine analysis of existing data drug shortage in the data base to respond practically. Can you elaborate on it . Yes. We had concerns about we call internal control. They ensure the accurate sei in data base. And extend to which they are doing broade...

Should see Governor Cuomo giving the latest announcements. I can tell you the mayor of new york city, bill de blasio, has been raising the alarm about supplies, saying the city of new york could run out of the necessary medical supplies in the next two to three weeks. These are supplies necessary to, number one, Keep Health Care workers safe and number two, treat patients effectively. They say we cannot leave our Health Care Workers vulnerable and theyre still coming to work. Listen to what he h...

Everyone its their option. The move follows recommendations from the cdc. The president is stressing this recommendation is only voluntary. Well take a look at it, for a period of time. Not forever. We want our country back. Were not going to be Wearing Masks forever but it could be for a short period of time. So with the masks, its going to be really voluntary, you can do it, you dont have to do it. Im choosing not to do it but some people may want to do it and thats okay. It may be good, proba...

One in five. Let that sink in. Ten years of job market gains gone. It took months to shed 8 million jobs during the Great Recession. And that Great Recession got its own nickname it was so bad. This is four times worse in lightning speed. Just two months ago the jobless rate was 3. 5 . In april, its forecast to reach from 16 to 20 . Thats the worst since the Great Depression. There is no playbook for this. We put the economy into a recession on purpose to fight the virus. It is impossible to kno...

I think i take it very seriously, the idea that the general fund funds a lot of services for people in the city and certainly a special event like this one should ben if youth the general fund and not create shortfalls elsewhere. ~ benefit projected at the top 22. 5 million less the 6. 8 million of acoc projected to date. Tax revenue well talk about further in the next segment of this presentation. So, when you basically take that math equation, there is a remaining shortfall of 2. 6 million, th...

Talk about in a bit, spectators are obviously a driver of economic and tax benefits as well. [speaker not understood] from my office is handing out a slide presentation now. I apologize for not having copies sooner. So, as you see at the bottom, its 4 million here. I want to go to a summary slide now. Heres a total budget adding together the three slides you just saw of 22. 5 million. I dont have anything to add to that. Basically the sum. Youll see cash escrow is zeroed out between the funding ...

And we were at 80 of new entry level hires regardless of salary. Another requirement is 30 Small Business participation. Whats Small Business . I mean, i profess not to really understand that. What have we done if we looked at all of our vendors . 41 of all authority [speaker not understood] is local. We go further. 31 of Americas Cup Authority staff, skilled, unskilled, entry level or specialist, are all local. I think pretty importantly, 51 of all vendor staff are local. If i could add to that...

Economic Workforce Development. I think thats correct. We deal with the office of economic workforce and development on everything that we do. Theyre our contact. They are fully informed of our activities and what we are doing. I might mention the paschal why you time i was up here, the agreement was signed on the 14th of august last year. As i said, office of economic workforce and development had been fully informed about our activities and what were doing. And i said this is a great story, ag...

Youre projecting 90 2 million of economic [speaker not understood] to the city. Correct. And we can take those results and run them through some basic formulas and provide our estimate for increased city tax revenue. So i submit, mr. Martin has declined them to about 13 million. Thats significant reductions in the transient occupancy tax, significant reduction in payroll tax. And those reductions are larger than the onethird reduction to overall expenditures partly derivative in large part by th...