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Stamp duty is making the housing crisis even worse

first_img Rachel Cunliffe Tags: Trading Archive by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStory The government seems to be aware of stamp duty’s distortive effect, hence Philip Hammond’s move to exempt first-time buyers in 2017. But since most people selling a home will also be looking to buy one, the impact trickles down – even transactions involving First-Time Buyers Relief fell by 23 per cent in 2019.The current system encourages people to either stay put in unsuitable homes, or to buy not on the basis of what they need now, but what they might need in decades’ time, as moving every few years is prohibitively expensive. People at every rung on the ladder, from first-time buyers to young families to retired downsizers, suffer as a result, and so do the government’s coffers.If politicians want to smooth out this distorted market, they should make moving house as easy as possible for everyone. Scrapping stamp duty completely and making up the difference elsewhere – whether with more progressive council tax bands or a new land tax – is the only way to get the market moving again, regardless of Brexit. There is no silver bullet to fixing the nation’s housing crisis, short of the obvious but politically challenging solution of building a lot more houses.Nonetheless, certain taxes and regulations make an already flawed market even more distorted and act as additional barriers to those seeking to buy and sell homes. And in the case of the much-hated stamp duty, they do so at a cost to the Treasury. whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her Share whatsapp Last week, consultancy firm London Central Portfolio crunched the numbers, and found that tax receipts for stamp duty in the first quarter of 2019 are down 26.2 per cent on the previous quarter, and have fallen by almost £0.75bn over the last year.Why? Because transactions have slumped by 21.4 per cent.Brexit is often blamed for cooling the market, but the counter-productive impact of stamp duty cannot be underestimated. By adding tens of thousands of pounds to the price of a home, it acts as a deterrent to move.This incentivises people to stay in properties that may no longer be suitable for their needs – such as parents with grown-up children who might otherwise consider downsizing, or those with job offers in another part of the country. This means that the UK’s existing housing stock cannot be used most effectively, worsening the existing shortage and trapping workers in the wrong places (housing is cited as one factor behind the UK’s weak productivity).In fact, the Adam Smith Institute has estimated that stamp duty is four times more harmful to economic efficiency than income tax, and eight times more harmful than VAT. Wednesday 8 May 2019 8:02 am Stamp duty is making the housing crisis even worse last_img read more


Premium / Market insight: How fare the shares of Ceva, DP-DHL, DSV, XPO and friends

first_img LOGIN Password* The initial fall and subsequent rise of CEVA Logistics stock has been spectacular to watch since it started to trade on May 4. But it was nothing compared with this week’s 7% plunge of Deutsche Post-DHL, which wiped out over €3bn of market cap in just one trading session following a rather poor trading update.At least CEVA had the excuse that its IPO was priced and wrapped up in one of the most volatile weeks of the year, given wild … © Agawa288 Reset Please Login Email* Please either REGISTER or login below to continue Forgotten your password? Please click herecenter_img Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Reset Your Password Email* By Alessandro Pasetti 10/05/2018 << Go back New Premium subscriber REGISTER Premium subscriber LOGINlast_img read more


Employers are planning how to blunt the cost of gene therapies, pricey new specialty drugs

first_img About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. By Ed Silverman Aug. 27, 2020 Reprints Adobe GET STARTED @Pharmalot Log In | Learn More [email protected] Employers are planning how to blunt the cost of gene therapies, pricey new specialty drugs Ed Silvermancenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What’s included? What is it? Pharmalot STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Tags drug pricingpatientsSTAT+ As the pharmaceutical industry develops increasingly expensive medicines – notably, those costing seven figures – a new survey finds the largest employers in the U.S. plan to boost the use of various tactics to mitigate the expense and, in some cases, possibly postpone access for employees.For instance, 44% of 122 employers expect to delay placing million-dollar-drugs on their formularies for a set amount of time, or at least until a pharmacy benefits manager vets safety and effectiveness. Although this is not a new tactic, that’s up from 26% last year, according to the survey by the Business Group on Health, a non-profit that represents employers on health policy and workforce matters. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTEDlast_img read more


Fr Paddy: Blessed Carlo Acutis – Patron of the Internet

first_img Facebook Electric Picnic organisers release statement following confirmation of new festival date Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 months Twitter Pinterest “I’m happy to die because I’ve lived my life without wasting even a minute of it doing things that wouldn’t have pleased God.”He also said that “our aim has to be the infinite and not the finite. The Infinite is our homeland. We have always been expected in Heaven,” and he called the Eucharist “my highway to Heaven”.Carlo Acutis died at the age of 15 of a galloping leukaemia, leaving in the memory of all those who knew him a great feeling of emptiness and great admiration for his brief but intense testimony of authentic Christian life.From the day he received his First Communion at the age of 7, he never missed an appointment with daily Holy Mass. He always tried, either before or after the Eucharistic celebration, to pause before the Tabernacle to adore the Lord, always truly present in the Blessed Sacrament.Our Lady was his great confidant and he never failed to honour her by reciting the Holy Rosary every day.Carlo’s modern and up-to-date ways combined perfectly with his profound Eucharistic life and Marian devotion, which helped to make him that very special boy who everyone admires and loves.To quote Carlo’s own words: “Our goal must be the infinite and not the finite.“The Infinity is our homeland. We are always expected in Heaven”.Another phrase of his was: “All people are born as originals but many die as photocopies”. To move towards this goal and not “die as photocopies”.Carlo said that our compass must be the Word of God that we have to measure up to constantly. But to reach such a lofty goal very special measures are necessary: the Sacraments and prayer.In particular, Carlo placed the Sacrament of the Eucharist at the centre of his life and he called it “my highway to Heaven”.Carlo was very gifted with everything related to the world of computers so that both his friends and adults with computer engineering degrees considered him a genius.Everyone was amazed at his ability to understand the secrets of computers that are normally only accessible to those who have specialised university degrees.Carlo’s interests involved computer programming, film editing, website creation, editing and laying out small publications, to helping those most in need especially children and the elderly.This young believer of the Diocese of Milan was a mystery, who before he died was able to offer his suffering up for the Pope and the Church.“To be always united with Jesus, this is my plan of life”. These few words Carlo Acutis, the boy who died of leukaemia, said outline the distinctive feature of his short life: living with Jesus, for Jesus, in Jesus. (…)“I am happy to die because I lived my life without wasting even a minute of it on anything unpleasing to God”. And Carlo asks of us the same thing: he asks us to spread the Gospel through our lives, so that each of us can be a beacon to light the journey of others.Carlo, like many adolescents of our time was busy at school, with his friends, and for his young age was an expert in computers.In the midst of all his commitments he encountered Jesus Christ. Carlo Acutis became a witness to the Risen Christ, he entrusted himself to the Virgin Mary.Carlo lived a life of grace and shared his overwhelming experience of God with his peers. He received the Eucharist every day, he attended Holy Mass devoutly daily and would pause for hours in adoration before the Blessed Sacrament.His experience and Christian maturity testify to the truth of Benedict XVI’s words in the Apostolic Exhortation Sacramentum Caritatis: the sacrifice of the Mass and Eucharistic Adoration strengthen, support, and develop love of Jesus and the availability to ecclesial service.Carlo also nourished a special devotion to Our Lady, to whom he faithfully recited the Rosary, and feeling her motherly love, he offered her acts of mortification.This teenager sociologically similar to his school mates, was an authentic witness that the Gospel can be lived fully even by a teenager. In his short life, oriented to that encounter with Jesus, was like a light not only to shine on the path of those who knew him, but also of those who will come to know his story.I am sure that this first biography of Carlo Acutis, edited by Nicola Gori, with his well-known ability to involve the reader, will help today’s adolescents, so problematic and so conditioned by the Mass Media, to reflect on the meaning of life and on the Gospel values to realise it fully.Looking at this teenager as their peers, who felt attracted by Christ’s friendship, and for this very reason experienced a truer joy, our children will be put in touch with a life experience that has not taken anything away from the wealth of young teenage years, but has enhanced them even more.Carlo’s witness to the Gospel is not only an incentive for today’s adolescents, but it also helps parish priests and teachers to question themselves about the value of the formation they give to young people of our parish communities and how to make this formation effective and incisive.Prayer to Blessed CarloOh Father, who has given us the ardent testimony, of the young Blessed Carlo Acutis,Who made the Eucharist the core of his life and the strength of his daily commitments,So that everybody may love You above all else,Let him soon be counted among the Saints in Your Church,Confirm my faith, nurture my hope, and strengthen my charity, in the image of young Carlo,May all young people be blessed with courage and hope.SEE ALSO – You can read all of Fr Paddy’s columns by clicking here Fr Paddy: Blessed Carlo Acutis – Patron of the Internet WhatsApp Pinterest Previous articleDeaths in Laois – Saturday, April 24, 2021Next articleLaois GAA’s Coiste na nOg chairman calls for safe return as training to commence next week Fr PaddyFr Paddy is a curate in the hugely vibrant Portlaoise Parish. From Carlow town, he was educated in Carlow CBS and studied Business and Politics in Trinity College Dublin before training to be a priest in Carlow College.He is the youngest priest in the Kildare & Leighlin diocese and writes for a number of media outlets. He has almost 14,000 followers on Twitter. Facebook Twittercenter_img Council By Fr Paddy – 24th April 2021 Electric Picnic RELATED ARTICLESMORE FROM AUTHOR TAGSFr Paddy I am greatly inspired by the life of young Cathal Clooney Abbeyleix.His recent death has left an enormous void to his wonderful family. Cathal packed so much into just 15 years.His love, friendship, courage and deep faith will be treasured by so many who will always love this remarkable young man.In his illness, Cathal found strength and comfort from his faith. Sincere prayers for the Clooney and Dooley families at this time.I am also greatly taken by the life story of Carlo Acutis, a young, talented and deeply spiritual teenager whose life story is a real example of Christian Hope.Carlo was born in London May 3, 1991, to Italian parents who soon returned to Milan. He was a pious child, attending daily Mass, frequently praying the rosary, and making weekly confessions.Exceptionally gifted in working with computers, Carlo Acutis, developed a website which catalogued Eucharistic miracles. This website was the genesis of The Eucharistic Miracles of the World, an international exhibition which highlights such occurrences. Acutis died of leukaemia in Monza, near Milan, Oct. 12, 2006.Acutis stated: “To always be close to Jesus, that’s my life plan. WhatsApp Electric Picnic Home Columnists Fr Paddy: Blessed Carlo Acutis – Patron of the Internet Columnists Electric Picnic apply to Laois County Council for new date for this year’s festival last_img read more


Munich Re appoints new senior officer

first_img“Rebecca is well-known within the insurance sector for her energetic leadership, her actuarial expertise, and her commitment to deliver,” said Bernard Naumann, president and CEO of Munich Re, Canada’s life and health division, in a statement. “Under her guidance, the role of chief financial officer will play a greater part in helping our clients navigate the changing regulatory space and grow their business.”Rycroft is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and a Member of the American Academy of Actuaries.“I am excited to be joining Munich Re and having the opportunity to work with their Canadian team and clients,” said Rycroft, in a statement. “With the changes coming to the insurance industry, there will be many new challenges and opportunities to explore. I look forward to my role in helping to navigate this new environment.” new memo employee appointment notice promotion bartpeereboom/123RF CETFA elects new board leader Keywords Appointments,  Life insurance industry PenderFund names new SVP for investments TD getting new head of private wealth, financial planning Related news Facebook LinkedIn Twitter Rebecca Rycroft has been appointed senior vice president and chief financial officer at Munich Reinsurance Co. of Canada’s life and health insurance division, the company announced on Monday. Rycroft, based in Toronto, has spent 18 years in international actuarial consulting. Most recently, she was senior principal at Oliver Wyman, where her role included serving as the appointed actuary of various life insurers. Her new appointment is effective Monday. Share this article and your comments with peers on social media Megan Harman last_img read more


Tips for staying sane while working from home

first_img Bearinmind/iStock Share this article and your comments with peers on social media Glimpses of family life made surprising cameos on work screens everywhere last week as employees fumbled their way into remote working.“We have a number of meetings happening now where kids and spouses and pets make appearances on the video,” says Becky Porter, senior vice-president of human resources at Capital Group in Irvine, Calif.“I think everyone recognizes we’re all in the same boat, and we can laugh about it.”These glimpses may even add a personal touch that was previously hidden from clients, Anderson says.As workers adjust to video conferences and sharing work spaces with family — or with no one at all — firms are trying to offer employees leadership, direction, flexibility and support during an exceptionally stressful time.Due to the uncertainty in everything from markets to which essential services will remain open, Porter says leaders need to set the tone, regularly updating teams so everyone feels connected.“With so much disruption and so much happening both at the office and in people’s personal lives, it’s really helpful for our associates to feel like they have a sense of: ‘What’s the priority? What am I going to be focused on today?’” she says.Managing workflow remotely can be complicated, but employers should resist micro-managing, wrote Matt Sonnen, founder and CEO of Los Angeles-based PFI Advisors, in a blog post for American advisor Michael Kitces’ Nerd’s Eye View blog.The distance is an opportunity to build trust and give employees more autonomy, while still monitoring quality and providing support. “If you trust your employees to service your clients in the first place, they need to be trusted enough to do so even when they’re working from home,” Sonnen wrote.Anderson’s team has started using Slack and WhatsApp for group chats. They have Slack channels for particular aspects of the business, such as offering memorandum products and referral arrangements, so discussions remain focused even with multiple people responding.“It’s actually been better because it gives us a tracking mechanism and the ability for people not in an office to chime in and help out,” Anderson says.But as these work tools are invited into the home, it’s important to ensure they don’t take over. Porter says there should be a buffer between video meetings to move around and maybe get some fresh air. If materials aren’t required for a call, she suggests occasional walking meetings (at least for those in jurisdictions where casual strolls are still permitted).Capital Group is also encouraging group coffee breaks by video conference, with no agenda. “Recreating those water cooler moments virtually” can prevent workers from feeling isolated, Porter says.Anderson recommends taking a lunch hour to help maintain boundaries.“Even though you’re at home, it’s a work day. You’ve got to have a schedule,” he says.“Otherwise you have the potential of just working 18 hours straight.”The mental separation between work and home can be harder to pull off when spouses and kids are around all day. Workers may need to set time aside during the day to home-school kids or run an errand, extending the work day into the evening. That flexibility is encouraged, Porter says, but must be managed responsibly.“We’re asking people to use good judgment to not let it turn into a 24/7 work week,” she says.Sonnen wrote about the added pressure right now on advisors who are parents, trying to reassure clients while also caring for kids. He pointed to firms that have rolled out employee benefits for babysitter costs while schools are closed. The added cost in a down market may be worth it in employee productivity and goodwill, he wrote.Capital Group is offering webinars on coping with stress from Covid-19, in addition to its traditional employee assistance program, Porter says.To hive off work hours, she recommends making a list at the end of every day with tomorrow’s tasks. “Then close your laptop and shut it down, and you’ve created the separation that you’re at home now. And then when you boot up again in the morning, you have your list and you’re ready to go.”Clothes can also help mark the boundary. While some of us may be revelling in looser sartorial standards, fooling webcams with sweatpants hidden under desks, this may not be the best approach — especially for the longer term.Anderson says he rarely wore suits to work, but he gets dressed the same way he would if he were going to the office. It’s part of preparing for work, he says. And with kids at home, it also sends the message to them that it’s a work day.Financial Times columnist Robert Armstrong, in a recent column about dressing for work at home, framed the ritual as a defence against madness. In a crisis, he wrote, “order matters, including (and possibly most of all) forms of order that are purely symbolic.”He recommends putting on your designated work clothes in the morning, and changing into something else when you clock out. “If there is no clocking in and clocking out?” he asked. “Then the game is already lost.” Mark Burgess Empire Life partners with digital platform to offer employee benefits to small biz A few weeks ago, Guy Anderson would have been self-conscious about sounds from his home creeping into phone calls and Zoom conferences with clients. Today, more leniency is required.Anderson, senior investment advisor and financial planner at Aligned Capital Partners in Toronto, has worked primarily from his house for a few years. The Covid-19 pandemic has just made that house more crowded. One in five Canadian investors plans to switch wealth providers: EY study Covid vaccine-sharing discussions to dominate G7 summit talks Related news Facebook LinkedIn Twitter Keywords Technology,  Client engagement,  Coronavirus last_img read more


Lismore’s CBD lights up for Shine Festival

first_imgLismore’s CBD lights up for Shine Festival When the sun sets on Lismore’s CBD, Molesworth Street and its laneways will light up over four nights in August for Lismore City Council’s SHINE Festival.SHINE is a discovery focused light festival with sites along Molesworth St and its laneways transformed by contemporary light works that will inspire and ignite the imagination.Lismore City Council’s Mayor Vanessa Ekins said the four-night event between 19 and 22 August is designed to help reinvigorate the CBD by attracting locals and visitors to the area.“I’m very excited by this innovative festival which I am sure will bring many people into Lismore after dark,” she said.“It is all about supporting our local artists, businesses and local jobs.”Audiences can expect the unexpected as a program of artists present bold new works ranging from small surprises, large scale projections, the telling of untold stories and immersive light installations that will reframe Lismore’s CBD.The free event is made possible by a grant from the Federal Government’s Regional Tourism Bushfire Recovery program.Event Manager Valley Lipcer said SHINE will be a platform for artists to produce new experimental public works and for local and visiting audiences to experience the high-quality work being produced in the region.“I encourage local artists to submit an Expression of Interest to present a work at the festival. We’re interested in diverse voices and hearing from both emerging and established artists.”Interested artists can make an Expression of Interest by going to’s open Friday, 19 February and close on Tuesday, 23 March. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:bushfire, council, Discovery, Federal, federal government, festival, Government, jobs, Lismore, Lismore City Council, local council, Molesworth, sun, tourismlast_img read more


Study Finds Stronger Link Between Human Activity And Particulate Pollution

first_img Published: Oct. 16, 2006 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Air pollutants mainly from cars, trucks and industrial activity are contributing significantly more to the formation of urban haze than previously thought, according to a new study. Jose-Luis Jimenez, an assistant professor of chemistry and biochemistry at the University of Colorado at Boulder and a fellow of the Cooperative Institute for Research in Environmental Sciences, and Rainer Volkamer, a Feodor Lynen Fellow at the University of California-San Diego, were the lead authors of the study published last month in Geophysical Research Letters. Their study, conducted in the Mexico City metropolitan area in 2003, reveals that human activities may play a greater role in helping form particulate pollutants than previously thought. The tiny pollutants that make up haze, called particulate matter, are believed to exacerbate cardiovascular and pulmonary problems and to increase the risk of premature death. Jimenez and Volkamer have been studying organic, or carbon-based, particulate matter that is formed chemically when smog-forming gases known as volatile organic compounds, or VOCs, react in the air. They refer to these pollutants as secondary organic aerosols because they are formed from other pollutants, rather than emitted directly from a smokestack or other source. Until recently, it was widely believed that secondary organic aerosol pollution made only a small contribution to haze. But Jimenez and Volkamer have measured secondary organic aerosol concentrations that are eight times greater than those predicted by traditional air quality models. “In urban areas, we believe secondary organic aerosols may be responsible for roughly half to two-thirds of all organic particle pollution,” said Jimenez. “Before, scientists thought VOCs emitted naturally from vegetation were responsible for 95 percent of secondary organic aerosol production on a global scale,” Volkamer said. “Our work shows that anthropogenic pollution factors greatly enhance secondary organic aerosol formation, and that these processes are much faster than we currently understand.” The researchers believe human-caused VOCs could be responsible for more than one-third of total secondary organic aerosol production on a global scale, and have an even larger role in producing organic particulate matter in urban areas. The study also may have implications for future climate change research. Aerosols, or particulate matter, are believed to play a role in cooling the earth by scattering the sun’s radiation and modifying clouds. The larger-than-expected amounts of organic aerosols discovered by Volkamer and Jimenez may enhance these global cooling effects. Other co-authors of the study include Katja Dzepina and Qi Zhang of CIRES and researchers from MIT, the Universidad Autonoma del Estado de Morelos in Cuernavaca, Mexico, and Aerodyne Research Inc. in Billerica, Mass. CIRES is a research institute sponsored jointly by CU-Boulder and the National Oceanic and Atmospheric Administration.last_img read more


Sprint slashes net loss despite revenue decline

first_img Previous ArticleEU gives final approval to €120M public Wi-Fi planNext ArticleSamsung spinning off 7 startups from C-Lab Home Sprint slashes net loss despite revenue decline Author Related Sprint became the only US operator to record a decline in wireless service revenue during calendar Q3 (the operator’s fiscal Q2), but slashed its net loss compared to the same period in 2016.Total revenue dropped $320 million year-over-year to $7.9 billion, as wireless service revenue slid $368 million to $5.6 billion. In terms of sales, the only bright spot for Sprint during the three months to end-September was a $126 million increase in equipment revenue to $1.9 billion.Net loss for the period fell from $142 million in the 2016 period to $42 million in the recent quarter.Revenue declined $175 million year-on-year to $16.1 billion, while a net loss of $444 million in 2016 was overturned with a $158 million profit.Sprint racked up 168,000 post paid net additions during its fiscal Q2, up from a loss of 39,000 in the comparable 2016 period. Prepaid net additions of 95,000 in the recent quarter was a marked improvement on a 449,000 loss in 2016.Sprint announced its earnings as rumours continue to swirl regarding a merger with T-Mobile US. Like its mooted partner, which announced earnings on 23 October, Sprint shunned the traditional investor call when releasings its figures.Merger muddleThe operator noted it was ducking the earnings call to avoid “noise in the media and in the market” about the rumoured merger.But Sprint and T-Mobile’s reluctance to talk M&A didn’t stop others from weighing in.In a statement released a day before Sprint’s earnings, major labour union Communication Workers of America (CWA) claimed the combination of Sprint and T-Mobile would result in the loss of “at least 20,000 US jobs”. CWA said most of the job losses would come from store closures and the elimination of redundancies at corporate offices.The union does not currently represent any workers at Sprint or T-Mobile, but holds a strong presence at Verizon and AT&T.“Allowing Sprint and T-Mobile to merge guarantees the loss of tens of thousands of US jobs that would result from store closures and the consolidation of administrative work,” CWA president Chris Shelton stated: “Corporations and Wall Street applaud this ‘synergy,’ but employees and their families would bear all the costs of this merger.”Such a reduction would seem to fly in the face of a pledge made by SoftBank CEO Masayoshi Son to President Donald Trump late in 2016 to invest $50 billion and create 50,000 US jobs over the course of four years. SoftBank owns a 70 per cent stake in Sprint. Subscribe to our daily newsletter Back Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more T-Mobile reveals final slide in Sprint users Sunrise lanza un smartphone seguro para niños AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 OCT 2017 T-Mobile challenges California merger terms Tags Diana Goovaerts 3Q earningsSprintlast_img read more


British champ Hall leads by three in Portland

first_imgPORTLAND, Ore. – Georgia Hall shot a 9-under 63 on Friday to take a three-stroke lead in the Cambia Portland Classic and break the tournament 36-hole record. The Women’s British Open winner four weeks ago for her first LPGA Tour title, the 22-year-old Englishwoman made five straight birdies in the middle of the back nine. She missed a chance to match the course record of 62 when her long birdie try went to the right on the par-4 18th. ”The putts were really good,” Hall said. ”I holed some really long ones, as well, and my long game was pretty good today, and I didn’t really miss a green that much. I’m extremely happy. I kind of stayed in there and kept trying to get more birdies, so I was happy with that.” Hall had a 15-under 129 total. She had four birdies on the front nine, three in a row on Nos. 5-7, and began the birdie streak on the par-5 12th at tree-lined Columbia Edgewater. ”I love this golf course,” Hall said. ”It’s very nice to play. It’s in great condition, so I look forward to the weekend and seeing what I can do.” Minjee Lee was second, following her opening 64 with a 68. The 22-year-old Australian won the Volvik Championship in May in Michigan for her fourth LPGA Tour title. Full-field scores from the Cambia Portland Classic ”I just scrambled when I had to and just took advantage of the shots that I hit close,” Lee said. ”It was all-around OK today.” Marina Alex, the first-round leader after tying the course record with a 62, had a late bogey in a 71 to fall into a tie with Megan Khang at 11 under. ”Had some great looks that just didn’t go in,” Alex said. I just really didn’t make anything. They weren’t bad strokes or putts, they just didn’t go in. So just carry some good juju into tomorrow.” Khang eagled the par-5 fifth in a 65. ”I just kind of hit some great shots, had some good numbers, and just kind of stayed patient out there,” Khang said. Definitely gave myself a lot of opportunities, and luckily a few of them dropped, and just kind of kept that mentality for the rest of the day.” Brooke Henderson followed her opening 64 with a 71 to drop into a tie for fifth at 9 under. The 20-year-old Canadian star, the 2015 and 2016 winner at Columbia Edgewater, is coming off a victory Sunday in the CP Women’s Open on home soil in Saskatchewan. ”Got off to a shaky start, two bogeys right back-to-back on the back nine, which was my front nine, and I just kind of fought the rest of the day to kind of get it under par.last_img read more