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Non-profit urges UK government to make workforce diversity a priority in clean energy

A new paper is being launched today at the House of Lords in London that challenges government, regulators and companies working on clean energy to make gender diversity a key priority. The paper has been produced by the EWiRE network, set up by Regen to provide a vibrant network for women working in clean energy.





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Chile Gets Cleaner at a Profit with Renewable Energy Push

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.




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Non-profit urges UK government to make workforce diversity a priority in clean energy

A new paper is being launched today at the House of Lords in London that challenges government, regulators and companies working on clean energy to make gender diversity a key priority. The paper has been produced by the EWiRE network, set up by Regen to provide a vibrant network for women working in clean energy.




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US not-for-profit seeks academia partners for COVID-19 health response

A not-for-profit in the US is seeking expressions of interests from organisations, including academia, for their COVID-19 Health Coalition, to help preserve the healthcare delivery system and protect US populations.




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Chile Gets Cleaner at a Profit with Renewable Energy Push

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.




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Easements, covenants and profits à prendre: reform is in the air

The Law Commission has published a consultation paper proposing wide-ranging reforms to the law governing easements, covenants and profits à prendre. The changes suggested by the Law Commission include: the creation of a single new method ...




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Jakarta's 'Great Garuda' Project: Profits for Re-emerging Elites in the Name of Climate Change

By Wilmar Salim, Keith Bettinger, and Micah Fisher HONOLULU (June 21, 2019)—With a population of more than 30 million, greater Jakarta is the largest metropolitan area in Southeast Asia and one of the most densely populated urban regions in the world. The city is a major economic engine for Indonesia, accounting for approximately 25 percent of the country’s gross domestic product. Yet urban poverty remains an intractable problem, and Jakarta’s infamous traffic congestion paralyzes commerce, leaches productivity, and contributes to air pollution and associated health hazards.

This is a summary only. Click the title for the full article, or visit www.EastWestCenter.org/Research-Wire for more.




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FBN Holdings declares N25.7bn profit in Q1 2020

Adebayo Obajemu First Bank of Nigeria Holdings (FBNH) in the first quarter of 2020 reported a profit after tax of N25.7 billion. This represents a growth of 62.74% when compared to the profit after tax of N15.79 billion reported in the first quarter of 2019. The unaudited financial statement for Q1 2020 of the big […]

The post FBN Holdings declares N25.7bn profit in Q1 2020 appeared first on Hallmarknews.




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Legal Factors every non-profit must consider before expanding into new countries- The NGO Whisperer Magazine

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The General Court annuls the Commission’s 2016 decision on the Belgian excess profit tax rulings

The General Court of the European Union annulled on 14 February the European Commission’s decision of 11 January 2016 (Decision (EU) 2016/1699), in which it had found that Belgium’s excess profit exemption scheme was incompatible with EU...




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Didi boss Jean Liu says core business profitable, as China’s ride-hailing market recovers from Covid-19

Chinese ride-hailing giant Didi Chuxing’s core business has been profitable, president Jean Liu Qing said for the first time, as ride orders in its domestic market recover from the impact of the coronavirus pandemic.In a rare interview, Liu told the CNBC that Didi’s core business has been profitable, without providing specific figures or explaining how or when the company had measured its profitability. The company has no plans for job cuts or raising capital, Liu said in the interview that…




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‘Profiting from fear’: US authorities target Covid-19 criminals after flood of fake cures and PPE

Criminal investigators in the United States have stepped up their pursuit of Covid-19 fraudsters selling unproven treatments and equipment online.The Homeland Security Investigations (HSI) has partnered with major health care and e-commerce companies to fight back against a deluge of fake goods being sold during the pandemic.There has been a rise in opportunists seeking to “capitalise and profit from the fear and anxiety” surrounding the Covid-19 disease, increasing sales of counterfeit…




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216 hoarders, profiteers fined

Rawalpindi : Under vigorous campaign against profiteering and hoarding, 1,633 raids were conducted by Price Control Magistrates in seven tehsils of Rawalpindi District and action in accordance with the law was taken against 216 persons found indulged in violation of law.The administration also...




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Limited Impact of Business Development Programs on Profitability in the Presence of Ambiguity Aversion

This paper presents an analysis of business development programs (BDPs) based on a theoretical framework aimed at understanding the mixed effect of business training on entrepreneurs.




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Limited Impact of Business Development Programs on Profitability in the Presence of Ambiguity Aversion

This paper presents an analysis of business development programs (BDPs) based on a theoretical framework aimed at understanding the mixed effect of business training on entrepreneurs.




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Market Mover: easyJet volatile as profits jump

The low-cost carrier’s shares have a choppy morning as it reports a solid jump in annual profits and a 35% hike in its dividend.




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Home Capital sees profits dip as loan losses from economic downturn loom

Provisions for credit losses were $30.2 million, an increase of 397.9 per cent from a year earlier




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Japan's Sharp halves full-year profit forecast as virus hits tech demand

Japan's Sharp Corp, an Apple Inc supplier, cut its full-year profit forecast by 48% on Friday, as demand for technology devices took a hit from the coronavirus outbreak.




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Harry and Meghan ask for wedding broadcast profits to go to hunger charity

The Duke and Duchess of Sussex have arranged for money generated from their royal wedding broadcast to be used to help feed children during the coronavirus pandemic.




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Outlook: Nifty upside capped; stay defensive, protect profits

The upside potential will remain capped, and the index will turn vulnerable again.




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Dropbox was profitable for the first time since going public

While many companies struggle through the pandemic, Dropbox seems to be doing well. In its first quarter, it brought in $455 million, an increase of 18 percent compared to the same period last year. According to Bloomberg, last quarter was the first...




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Column: It's called Earnin. I have no idea how the company ever turns a profit

The Palo Alto company doesn't charge for its cash advances. But tips are appreciated.




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'Market failure': ACT Government threatens to cap petrol profits if prices don't drop

Fuel prices have plummeted across Australia during the coronavirus pandemic, but the ACT Government says they are not falling quickly enough in Canberra — and they are going to do something about it if prices do not fall to below $1 per litre this weekend.




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ANZ announces 51pc profit slump, defers dividend

ANZ announces a 51 per cent slump in profits and defers paying a dividend as it braces for at least a billion-dollar hit from the COVID-19 recession.




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Service stations 'on the edge' of collapse despite record petrol profit margins

While oil and wholesale fuel prices have been at two-decade lows, pump prices have not come down so quickly or consistently across the country. But service station owners say they too are struggling to survive the COVID-19 downturn.




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Four Unexpected Ways that the COVID-19 Medicaid Boom Will Affect PBM and Pharmacy Profits

The U.S. economy is in a medically-induced coma. Unemployment is soaring. Companies are teetering on the brink of bankruptcy. It is unclear when our lives will return to their pre-pandemic state.

One thing seems apparent: As people lose jobs and health insurance, Medicaid enrollment will jump, perhaps by as much as 20% to 30%. This will have profound implications for the drug channel.

Today, I focus on how this increase will affect retail pharmacies and pharmacy benefit managers (PBMs). Below, I review Medicaid enrollment trends, how states manage prescriptions, and the factors driving the coming boom in Medicaid enrollment.

As I explain, many (but not all) retail pharmacies will benefit from Medicaid growth. PBMs, however, will not fare as well. Read on and see if you agree.

In early May, Drug Channels Institute will host two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (May 1) and Industry Update and COVID-19 Impact: PBMs & Payers (May 8). CLICK HERE TO LEARN MORE AND SIGN UP. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund.

Read more »
        




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Justice Department Requires KeySpan to Disgorge $12 Million in Profits from Anticompetitive Agreement

The Department announced a settlement with KeySpan Corporation that requires KeySpan to pay $12 million for violating the antitrust laws by entering into an agreement restraining competition in the New York City electricity capacity market.



  • OPA Press Releases

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Former Acting Executive Director of Nonprofit Organization in American Samoa Pleads Guilty to Theft of Federal Grant Funds

The former acting executive director of U’una’i Legal Services Corporation pleaded guilty today to stealing $31,292 from the federally-funded organization in American Samoa.



  • OPA Press Releases

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Former Grant Administrator and Legal Assistant of American Samoa Non-profit Corporation Indicted for Alleged Mail and Wire Fraud Scheme

A grant administrator and her daughter have been charged with participating in a scheme resulting in the theft of approximately $150,000 in federal grant funds awarded to a non-profit corporation in the Territory of American Samoa.



  • OPA Press Releases

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Five Individuals Indicted for Alleged Roles in Scheme to Defraud Program Providing Matching Funds Contributions to Non-Profit Organization

A 10-count federal indictment was unsealed today in the Eastern District of Virginia charging Stephen Bekale, Reynaldo “Christian” Villarroel, Maritza Villarroel, Irma DeMartini and Jamal Ibraheem with conspiring to commit wire fraud, wire fraud and money laundering.



  • OPA Press Releases

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Justice Department Requires Morgan Stanley to Disgorge $4.8 Million in Profits from Anticompetitive Agreement

The Department of Justice today reached a settlement with Morgan Stanley that requires Morgan to pay $4.8 million for violating the antitrust laws by entering into an agreement with KeySpan Corporation that restrained competition in the New York City electricity capacity market.



  • OPA Press Releases

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FDA Chemist Pleads Guilty to Using Insider Information to Trade on Pharmaceutical Stocks Resulting in Almost $4 Million in Profits

A Food and Drug Administration (FDA) chemist pleaded guilty today before U.S. District Court Judge Deborah K. Chasanow in the District of Maryland to one count of securities fraud and one count of making false statements, related to a $3.7 million insider trading scheme that spanned nearly five years.



  • OPA Press Releases

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Former Grant Administrator and Legal Assistant of American Samoa Non-Profit Legal Aid Corporation Plead Guilty to Stealing More Than $150,000 in Federal Grant Funds

Julie Matau, 49, of San Francisco, pleaded guilty to one count of wire fraud before U.S. District Judge Claudia Wilken. Andrea Matau, 28, also of San Francisco, pleaded guilty to one misdemeanor count of theft of federal funds before Judge Wilken.



  • OPA Press Releases

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Former Grant Administrator and Legal Assistant of American Samoa Non-profit Legal Aid Corporation Sentenced for Stealing Nearly $160,000 in Federal Grant Funds

Julie Matau, 49, and her daughter, Andrea Matau, 28, each were sentenced yesterday in Oakland, Calif., for their participation in the theft of nearly $160,000 in federal grant funds from a now-defunct nonprofit American Samoa legal services corporation.



  • OPA Press Releases

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Government Files Complaint Against Dallas Area-Based For-profit Chain of Schools for False Claims Act Violations

The United States has intervened and filed a complaint against the private, for-profit chain of schools, ATI Enterprises Inc. based in North Richland, Texas, the Justice Department announced today. ATI Enterprises, Inc., which does business as ATI Technical Training Center, ATI Career Training Center and ATI Career Training, operates career college campuses in Texas, Florida, Oklahoma and New Mexico.



  • OPA Press Releases

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United States Files False Claims Act Lawsuit Against the Largest For-Profit Hospice Chain in the United States

The United States has filed suit against Chemed Corporation and various wholly owned hospice subsidiaries, including Vitas Hospice Services LLC and Vitas Healthcare Corporation, alleging false Medicare billings for hospice services.



  • OPA Press Releases

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For-Profit School in Texas to Pay United States up to $2.5 Million for Allegedly Submitting False Claims for Federal Student Financial Aid

American Commercial Colleges Inc. (ACC) has agreed to pay the United States up to $2.5 million, plus interest, to resolve allegations that it violated the civil False Claims Act by falsely certifying that it complied with certain eligibility requirements of the federal student aid programs.



  • OPA Press Releases

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Nintendo is at the top of its game with 41% rise in profit





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How a rising minimum wage may impact the nonprofit sector


As the income inequality discussion continues to simmer across the country, municipal minimum wage ordinances have become hot topics of conversation in many cities. In January 2016, Seattle will implement its second step-up in the local minimum wage in 9 months, reaching $13 for many employers in the city and edging closer to a $15 an hour minimum that will apply to most firms by 2019. San Francisco will reach a $15 an hour minimum by July 2018. Yet cities as diverse as Birmingham, Chicago, Los Angeles, and Louisville have enacted or proposed similar minimum wage laws. It is too early to discern true impact of these local wage ordinances, but speculation abounds regarding whether or how the higher wage will affect firms and the earnings of low-wage workers.

Less prominent in debate and discussion about the minimum wage is the potential impact that higher minimum wage rates may have for nonprofit organizations. Nonprofits perform many critical functions in our communities—often serving the most at-risk and disadvantaged. Yet, fiscal constraints often place a low ceiling on what many nonprofits can pay frontline staff. As a result, many different types of nonprofit organizations—child care centers, home health care organizations, senior care providers—pay staff at rates near or below the targets set by the recent crop of local minimum wage laws. Our popular image of a minimum wage worker is the teen-age cashier at a drive-through window or the sales clerk at a retail store in the local strip mall, but many workers in these “helping professions” are being paid low wages.

Increases in the minimum wage are occurring at the same time that many nonprofit service organizations are confronted with fixed or declining revenue streams. Facing fiscal pressure, nonprofit service organizations may pursue one or more coping strategies. In addition to reductions in staffing or hours, commonly expected responses, nonprofits may cut back services offered, scale back service areas, or favor clients that can afford higher fees.

Such responses could reduce the amount and quality of the services provided to vulnerable populations. For example, elderly populations on fixed incomes may have fewer options for home care. Working poor parents may find higher child care costs prohibitively expensive. Employment service organizations may find it harder to place hard-to-serve jobseekers in jobs due to more competitive applicant pools.

At the same time, higher minimum wages could have positive consequences for nonprofit staffing and capacity. Higher wages could reduce employee turnover and increase staff morale and productivity. Organizations may not have to grapple with the contradiction of serving low-income persons, but paying modest wages.

The most recent set of wage ordinances take cities to unknown territory. Anticipating potential negative effects, Chicago has exempted individuals in subsidized employment programs from its recent minimum wage ordinance. The city of Seattle has set aside funds to help nonprofits meet the higher local minimum wage, but many nonprofit funding streams are beyond the city’s control and are not seeing similar adjustments.

In the coming years, more research on how local nonprofits are affected by local minimum wage laws needs to occur. We should expect there to be a mix of positive and negative effects within a particular nonprofit organization and across different types of organizations. Nonprofit organizations should be engaged as stakeholders in debates around higher local minimum wages. And, nonprofits should actively engage in research efforts to document the impact of higher wages. In particular, nonprofits should work to compile data that can compare staffing, service delivery, and program outcomes before and after wage laws phase-in. Such data could provide important insight into the impact of local wage ordinances.

We also should be careful not to confuse other challenges confronting the nonprofit sector with the impact of higher minimum wages. For example, private philanthropy to human service nonprofits has failed to keep up with rising need and declining public sector revenue streams in most communities—realities that may pose more serious challenges than minimum wage laws, but ones without an obvious scapegoat.

In the end, ongoing debate around local minimum wage ordinances should provide us with the opportunity to re-examine how we support community-based nonprofits as a society and assess whether that support fits with all that we expect the nonprofit sector to accomplish for children and families in our communities. 

Authors

Image Source: © Adnan1 Abidi / Reuters
     
 
 




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Tesla reports surprise $312 million profit in Q3

The company had been promising "near profitable" results. It turns out they were lowballing.




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Sustainable skills, sustainable resources: Nonprofit helps sex trafficking survivors

Nomi Network helps to provide training and jobs to women in India and Cambodia.




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Snarky bamboo TP company gives 50% of its profits to toilet, water, & sanitation projects

Australia's Who Gives a Crap makes 100% bamboo toilet paper that also claims to be "so soft it'll make your bottom smile."




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Dropbox rises after company posts first quarterly profit

It's the first time Dropbox's bottom line is in the black since the company went public two years ago.




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Didi's core ride hailing business is profitable, says president

Roughly 60% to 70% of Didi Chuxing's business has bounced back from the coronavirus crisis in China, says Jean Liu, president of the mobile app-based transportation firm.




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'If you're a shareowner in Amazon, you may want to take a seat' — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

Amazon will invest heavily in Covid-19 testing for its employees.




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Tyson Foods shares fall 8% as production disruptions take a toll on profits, company secures $1.5 billion loan facility

Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.




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Disney's parks were its biggest profit-maker, now they could be its biggest drag on earnings

Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak.




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General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus

The Covid-19 outbreak cut deeply into GM's performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months.