Biden’s $775B “caring economy” plan to be funded by RE taxes

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink TagsPresidential Electiontaxescenter_img Joe Biden (Getty)Democratic presidential nominee Joe Biden has unveiled another piece of his economic plan — and it will be financed by taxes on real estate investors with incomes of $400,000 and above.The $775 billion “caring economy” plan, which seeks to support care for children and the elderly, would target tax breaks for “like-kind” 1031 exchanges, a senior campaign official told Bloomberg. The plan would also prevent investors from deducting real estate losses from their taxable income.Jonathan Gray, Blackstone President and COOBiden first teased the plan Monday at a fundraiser hosted by Blackstone Group’s Jonathan Gray. “I hope I don’t offend any of you by that but I really think it is totally consistent with a market economy and moving forward,” he told donors at the event. The candidate is set to deliver a speech on the plan Tuesday afternoon in Delaware.The proposed plan calls for universal preschool for three- and four-year-olds, the elimination of the waiting list for Medicaid home and community services, and a child care tax credit of up to $8,000 for low-income and middle-class families.It would add 3 million jobs in the care and education sectors, including 150,000 community health workers for underserved communities.The “caring economy” plan constitutes the third plank of Biden’s economic plan, which also includes a $2 trillion investment in clean energy and measures to boost manufacturing and innovation in the U.S. [Bloomberg] — Kevin Sunlast_img read more

JoCo ministry’s Reading With Dad program connects inmates to their children virtually amid COVID-19 lockdown

first_imgWith family visits on hold for the past six months at Lansing Correctional Facility in Leavenworth County, a new program is helping inmates stay connected with their children while serving time.Led by Relentless Prison Ministry based in Johnson County, the new program, Reading With Dad, allows incarcerated fathers in the maximum-security prison to make a recording of themselves reading a children’s book out loud. The children’s book and the recording, which includes a personal message from father to child, are sent to the inmate’s son or daughter.Approved by facility administration after the start of this year, Reading with Dad was suspended alongside other programs and classes right when the program launched in the spring, due to the COVID-19 pandemic. Photo courtesy Relentless Prison Ministry.“It’s an effort that’s been on my heart to do for a while,” said Cody Carter, founder of the ministry and program director. “With incarceration for a lot of guys, it causes them to reflect on the things that matter. And I think the biggest thing that usually hits guys is connection with family. A lot of them feel lonely and disconnected but it also leaves families on the outside longing for that connection.”Approved by Lansing officials at the start of this year, Reading with Dad was suspended, alongside other programs and classes, right when the program launched in the spring, due to the COVID-19 pandemic. Carter resumed Reading with Dad in August.Trying to break the generational cycle of crimeThe program is intended to support inmates’ children and families and improve their relationships, Carter said, citing studies that show that children of incarcerated parents are at greater risk of becoming incarcerated themselves.“There’s a lot of scary statistics that are out there,” he said. “So part of this effort is to allow these guys to show their kids how much they care about them, to sort of reduce that cycle of crime and to bring families together and that for there to be restoration and fill that gap.”Every day Carter visits the prison, he records inmates reading children’s stories and ships the books and recordings home to their children. Family visits at Lansing Correctional Facility remain suspended due to COVID-19, so the program helps keep families connected and lets children know that their fathers love them and are thinking of them, Carter said.He says the program has been successful in the short time since he launched it.“Since these men haven’t been able to see their child in person for over six months now, it has been a great tool to keep families connected, especially for occasions like birthdays,” said Cody Carter, ministry founder and program director. Photo courtesy Relentless Prison Ministry.“It is great to see the men in prison get excited about selecting a book and reading it to their child,” Carter said, noting that several children have received recordings of their father reading aloud in time for their birthdays. “Since these men haven’t been able to see their child in person for over six months now, it has been a great tool to keep families connected, especially for occasions like birthdays.”Several JoCo churches involvedFour churches in Johnson County and their members are involved with the ministry’s programs: Real Church KC in Lenexa, Community Bible Church in Olathe, Life Mission Church in Olathe and Journey Bible Church in Olathe. In non-COVID times, many members of those churches support the ministry by also visiting and spending time with inmates themselves.“This will help the father and child to know that neither is forgotten,” said David Langford, one of the ministry volunteers.About 65 of the 1,300 inmates at Lansing are participating in Relentless Prison Ministry, so those men would be considered first to participate in this program. Two-thirds of them have already shown interest or started participating. In the future, once it’s safe to do so, an inmate or two may assist with the recordings for the project and receive payment for their contributions; for now, Carter is handling the program by himself.“It does something positive for the inmates in the program, but it also does something, I think, very significant for the children, where they don’t just feel like Dad is gone,” Carter said. “There’s this kind of display of love and care by way of these recordings. There’s a lot of excitement, and I think it’s a good motivator too, for guys to want to be in the program, for guys to treat that as a privilege.“They’re very excited to have this opportunity to show their kids how much they care and how much is on their heart. I hope it inspires these men to be an example for their children,” he said.last_img read more

Matz to home-based credit unions: Drop dead

first_imgWith the tone of a parent anxious to get their free-loading college graduate to get his own place, Chairman Matz proclaimed Friday in an interview with CU Times that the days of the erstwhile home-based credit union are over.  Not withstanding the fact that the regulation requiring existing home based credit unions to find office space within two years is still pending, Matz told CU Times that as credit unions grow “I don’t think there is any justification for having a financial institution in somebody’s house.  I really think those days are over.”As for those of us who believe that home-based credit unions are an important part of credit union history, Chairman Matz said, basically, what’s your point?  She stole one of my favorite metaphors when she pointed out that even though the “buggy whip was useful in its time, it’s not useful anymore. . .”A few quick thoughts:Of all the issues for NCUA to get fired up about, why, why, why is the Chairman so fired up about home-based credit unions?  There are approximately 7 such credit unions in New York State and nationwide, they represent a miniscule fraction of the industry.  Does their continued existence seriously pose a threat to the safety and soundness of credit unions?  If so, the industry is in much worse shape than I thought.Do home-based credit unions really pose a safety threat to examiners?  Of course not.  Unless there is an epidemic of people setting up home-based credit unions so they can prey on examiners, this argument strikes me as somewhat paranoid.  To the extent that examiners simply feel that someone’s home is not the proper place to be doing an audit, then simply pass a regulation giving examiners the authority to mandate that examinations take place outside the home, perhaps at NCUA headquarters or another credit union. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Better economy gives rise to more start-ups

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Paul DavidsonAmerican entrepreneurs are emerging from their Great Recession bunkers.New business formation is picking up in the U.S., early indicators show, as banks ease credit conditions and rising home and stock prices provide would-be entrepreneurs more investment assets.“It seems like it has bottomed out and it’s starting to increase,” says E.J. Reedy, research and policy director for the Kauffman Foundation, which studies entrepreneurship.Business start-ups are vital to employment growth because they tend to add jobs at a much faster rate than other companies. New firms typically account for about half of total job gains during recoveries, the Federal Reserve Bank of San Francisco says in a new research paper.The number of new business establishments tumbled from 656,000 in 2007 to 507,000 in 2010, rising only gradually in 2011 and 2012, Labor Department figures show. continue reading »last_img read more

Sentencing Ruling Reflects Rethinking on Juvenile Justice

first_imgThe New York Times:On one hand, scientists and judicial experts say, knowing that someone has committed a brutal crime as a youngster says little about his penchant as an adult. As a group of former juvenile court judges told the Supreme Court in an amicus brief in Monday’s case, “The criminal justice system cannot predict what kind of person a 15-year-old juvenile offender will be when he is 35 or 55 or 75.”On the other hand, that makes it no easier to sentence such an offender. Laurence Steinberg, a professor of psychology at Temple University in Philadelphia, said about 10 percent of young violent criminals become adult offenders. But no one knows which ones.“We tracked about 1,300 young convicted felons, the majority of them violent, over seven years,” Dr. Steinberg said. “We interviewed each kid for hours so we knew more about them than any court will ever hope to know, and we saw them every six months. We were unable to predict which ones would be in the 10 percent.”Read the whole story: The New York Times More of our Members in the Media >last_img read more

In A Digital Chapter, Paper Notebooks Are As Relevant As Ever

first_imgNPR:I confess. I’m a notebook nut. I own dozens and dozens of them. Everything from cheap reporter’s notebooks to hand-crafted Italian leather beauties.I wondered: Am I an analog dinosaur, or are there others out there like me?The first stop in my investigation was, frankly, discouraging.At first glance, a Starbucks on the campus of George Washington University points to the dinosaur conclusion. So plentiful are the laptops and tablets that they outnumber the double-mocha-half-caf-triple-shot-Frappuccinos.But when I look more closely, I spot plenty of paper here as well.Read the whole story: NPRlast_img

A new hostel Morčić has opened in the center of Rijeka

first_imgIn the first four months, Kvarner recorded an increase in overnight stays of 40 percent, and the growth of interest, high occupancy of hotel accommodation and excellent booking announcements are just more than enough reason for new investments in tourism. That’s what Ivica Škrtić thought, and he was ready to invest in the new Morčić hostel, a modern design located just 3 minutes from the Korzo pedestrian zone.All facilities and sights are close to the hostel, which is certainly a great advantage, and the hostel offers two triple rooms, one single, one quadruple, two double and one bedroom with five beds – a total of 7 accommodation units for 20 people. Entering the tourism industry and starting this project is a constant increase in the number of nights in Rijeka as well as a large occupancy of the hostel form of accommodation, says Ivica Škrtić, the owner of the hostel and adds “As a young couple, we recognized the constant growth of about 20% annually and embarked on this form of tourism that we plan to expand in accordance with further finances.”The name of the hostel is associated with one of the most recognizable symbols of the city of Rijeka – Morčić, and especially the International Rijeka Carnival, whose mascot and trademark and officially since 1991. Morčić is a type of original jewelry from Rijeka, Kvarner and the Croatian Littoral, the most common in the form of earrings, and in addition to aesthetic and decorative purposes, it also means attachment to these areas. “We chose the name Morčić because Morčić is one of the symbols of the city of Rijeka, which we can often meet in jewelry, and it is still known and seen at the Rijeka Carnival. ” points out ŠkrtićThe entire investment amounts to a total of HRK 400.00, which is covered by own funds, and in the future there are plans to open another hostel next year. Interestingly, the hostel rooms will be decorated as if you were on a boat or yacht, ie as boat rooms. “As we are indirectly in tourism through laundry and cleaning services, this step was logical for us because we see a great need for new accommodation facilities in Rijeka. As we decided to learn this investment relatively quickly, we did not have time to apply for certain tenders and grants, but as we plan to open another hostel with which we want to offer something new and different, we will certainly try to get some of the grants for the day. development”Concludes Skrtić. Every new tourist investment should always be praised, whether large or small, including in the case of the newly opened hostel Morčić.last_img read more

Investors return to Brum to cash in

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

An Easter message

first_imgThe Venerable Terry Lester, Archdeacon of ConstantiaThis week Christians everywhere will be recalling and remembering the events which occurred over 2 000 years ago in which a young man from Nazareth, about which it was believed nothing good could come, was led to a hill outside the capital of Judea, Jerusalem, carrying the cross on which he was to be crucified. His claim that he was God’s Son and his temerity in address-ing God as “Abba”, “Father”, offended the religious leaders of his day. Added to the claim of Jesus that God was Father, were the accompanying acts of kindness – feeding the hungry and healing the sick – revealing in these what is at the heart of God: compassion and grace. But it was his raising of Lazarus from the dead that forced the religious leaders to decide what their own response to Jesus would be. To this, one of them is recorded as saying: “You do not understand that it is better for you to have one man die for the people than to have the whole nation destroyed.” The political authorities in Palestine walked a tight-rope of looking after Rome’s interest on the one hand and the interests of the powerful religious leaders who held sway with the Torah. These provincial authorities were happy to defer to and appease the High Priest even when Pilate stated after putting Jesus on trial, “I find no case against him.” The Easter story we recall at this time is an invitation to encounter anew and afresh the Father of Jesus as our Father and to experience the economy of God as hope and light and where the despised and rejected, the weak and thirsty, the hungry and dying hold the space of God against the mighty and powerful, the conniving and vengeful and the plotters of evil and ill. Easter is about God bringing new life where we have grown weary from seeing evil thrive and the innocent stifled in their efforts to live.It is about God thwarting the efforts of sin and injustice and putting in its place love and light and love. Jesus lives! Hallelujah!last_img read more

Tottenham want to complete transfer ‘in coming days’, ‘latest’ to have…

first_imgClaims continue on Tottenham and Adrien Rabiot, despite another report the player isn’t keen on the move, at least in this window. L’Equipe report on Monday that Tottenham have been ‘following the case for months’ and sent an offer to PSG with the hope of completing a transfer ‘in the comings days’.Despite what has been said elsewhere about L’Equipe’s presentation of Rabiot’s response, it’s nowhere near as harsh. The French newspaper state: ‘The Rabiot clan’s first reaction, again mourning in recent days, was to let it be known that he wasn’t interested.’There’s been a family bereavement.Just like Paris United did at the weekend, L’Equipe name other interested sides: Bayern Munich, Barcelona, Chelsea and Liverpool.They would want a summer transfer, according to the small report. A summer transfer may also be the preference of the player at this point, which would be hampering Spurs.Catalan newspaper Sport cover things from a Barcelona perspective, and they say Tottenham are the ‘latest’ club to have submitted an offer.Barca remain interested but securing Frenkie de Jong has left them not quite as keen as they would have been Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameChallenge Your Brain With This Must-Play Strategy Game. No Install.Forge of Empires – Free Online GameUndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoDating.comFind out where single guys are hanging out in Tung ChungDating.comUndoPerfect-Dating.comReveal Tung Chung As The Best City to Date for Love & RomancePerfect-Dating.comUndoKeto减肥1個簡單的妙招一夜「融化」腹部贅肉(今晚試試)Keto减肥Undo熱門話題小心會長過頭…網友推爆:「真的長得超誇張!」熱門話題UndoSingles50Hong Kong: A 40+ Dating Site That Actually Works!Singles50UndoCoworking Space | Search AdsThe cost of shared office in Hong Kong might surprise youCoworking Space | Search AdsUndoCNN with DBS BankWhat Banks Did To Help Corporations Mitigate Future CrisesCNN with DBS BankUndolast_img read more