Vehicular Engine Prices – Progpulsion http://progpulsion.com/ Fri, 20 May 2022 17:13:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://progpulsion.com/wp-content/uploads/2021/08/icon-12-150x150.png Vehicular Engine Prices – Progpulsion http://progpulsion.com/ 32 32 LDF Releases Statement on New Consent Decree in Chambers County Desegregation Case https://progpulsion.com/ldf-releases-statement-on-new-consent-decree-in-chambers-county-desegregation-case/ Fri, 20 May 2022 15:05:30 +0000 https://progpulsion.com/ldf-releases-statement-on-new-consent-decree-in-chambers-county-desegregation-case/ Read a PDF of our statement here. Yesterday, the Legal Defense Fund (LDF), co-counsel Stanley F. Gray of Gray, Langford, Sapp, McGowan, Gray, Gray & Nathanson, the Educational Opportunities Section of the Civil Rights Division of the United States Department of Justice (DOJ), and the Chambers County Board of Education in Lafayette, Alabama, filed a […]]]>
Read a PDF of our statement here.

Yesterday, the Legal Defense Fund (LDF), co-counsel Stanley F. Gray of Gray, Langford, Sapp, McGowan, Gray, Gray & Nathanson, the Educational Opportunities Section of the Civil Rights Division of the United States Department of Justice (DOJ), and the Chambers County Board of Education in Lafayette, Alabama, filed a proposed consent decree for court approval, outlining several steps to effectively desegregate the school district. The new decree of consent in the long-running case, Anthony T. Lee et al v Chambers County School Board, follows the negotiations between the District; the GM; and the private plaintiff class, who are black students and parents in the district. If the federal district court approves, the terms of the consent judgment will become effective immediately.

“We are pleased to arrive at a consent decree that addresses the many concerns our clients have raised as essential to ensuring the effectiveness of the desegregation process in Chambers County,” said GeDá Jones Herbert, LDF Special Counsel. Education. “It was especially important that black students in the district had equal, high-quality educational opportunities in safe, modern facilities. Keep LaFayette High School open until construction of the new consolidated school begins and require the district to announce the neutral location where it intends to build the new school by the end of the school year 2022-2023 were important conditions for our customers. We are also pleased to announce that current teachers and other school staff in the district will retain their jobs regardless of closures or consolidations, and that community members will continue to raise their voices as the process continues. Under the consent decree, the district is to establish a Desegregation Advisory Committee, comprised of parents and students, who will have regular opportunities to share feedback and feedback on the implementation of the plan, alongside our own annual compliance check.

“The detailed desegregation measures outlined in this consent decree are a promising development in this case, which stems from an earlier desegregation order in 1993,” said Amber Koonce, Fried Frank Fellow at DFL. “Under this Consent Decree, the District must comply with a number of mandates specifically focused on improving the quality of and access to education for Black students in Chambers County – from the Commitment to a recruitment and retention plan for black teachers, to the close monitoring of bus routes for students, to track access to educational opportunities and to report the dispensation of discipline so that any unequal treatment based on race can be identified and ultimately eliminated .

“This agreement reflects plaintiffs’ persistence in demanding equal and quality education for African American children and their families in Chambers County,” said co-lawyer Stanley F. Gray.

Along with the creation of a desegregation advisory committee and outlining a specific, time-limited plan to consolidate current Lafayette High School and Valley High School students into a new facility, the consent decree requires the district to open a STEAM (science, technology, engineering, arts, and math) at the current Eastside Elementary School for kindergarten through eighth grade, beginning next school year, and immediately begin district-wide recruiting to enroll a desegregated student population. The District is also committed to:

  • Widely share and directly provide parents with information on all extracurricular activities offered at each school in the District at the start of each school year
  • Ensure that all students have access to academic offerings and special district programs, including the Gifted and Talented Student Program
  • Regularly monitor and evaluate the disciplinary practices of each school in the district to ensure that they are free from racial discrimination
  • Retain technical assistance to improve disciplinary policies and practices, including the addition of Positive Behavioral Interventions and Supports (PBIS) and restorative justice and revision of the code of conduct with input from students and families.

Read the full proposed consent order

###

Founded in 1940, the Legal Defense Fund (LDF) is the nation’s premier civil rights organization. LDF’s Thurgood Marshall Institute is a multidisciplinary, collaborative center within LDF that launches targeted campaigns and undertakes innovative research to shape the civil rights narrative. In media attributions, please refer to us as the Legal Defense Fund or LDF. Please note that LDF has been completely separate from the National Association for the Advancement of Colored People (NAACP) since 1957, although LDF was originally founded by the NAACP and shares its commitment to gender equality. rights.

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Dartmouth Health and GraniteOne Health merger canceled after objections from New Hampshire AG https://progpulsion.com/dartmouth-health-and-graniteone-health-merger-canceled-after-objections-from-new-hampshire-ag/ Mon, 16 May 2022 19:38:37 +0000 https://progpulsion.com/dartmouth-health-and-graniteone-health-merger-canceled-after-objections-from-new-hampshire-ag/ Dartmouth-Hitchcock Medical Center in New Hampshire (Courtesy of Dartmouth Health) Dartmouth Health and GraniteOne Health, both based in New Hampshire, are abandoning plans to merge into a single entity after objections from the state’s attorney general, who said the consolidation would drive up health care prices. A report released late last week by New Hampshire […]]]>

Dartmouth-Hitchcock Medical Center in New Hampshire (Courtesy of Dartmouth Health)

Dartmouth Health and GraniteOne Health, both based in New Hampshire, are abandoning plans to merge into a single entity after objections from the state’s attorney general, who said the consolidation would drive up health care prices.

A report released late last week by New Hampshire Attorney General John Formella said the merger, if successful, would have turned two competitors into a single health care system controlled by Dartmouth, eliminating competition in the market and incentives to keep health care costs low for consumers.

“Free, fair, and vigorous competition is essential to providing employers and patients with lower-cost, high-quality healthcare service options,” Formella said. “Our state has seen significant consolidation in health care over the past few years, and this transaction to combine two of our four largest systems is unacceptable without proper consumer protections in place.”

WHAT IS THE IMPACT

Formella said the transaction as proposed would have violated the state constitution.

New Hampshire law requires the Charitable Trusts Unit to review proposals of this nature and determine whether, among other requirements, the transaction is permitted by applicable law. Formella said the proposal failed to meet this primary requirement.

Section 83 of Part 2 of the New Hampshire Constitution requires “free and fair competition in trades and industries.” In addition, RSA 356, the state antitrust law, and RSA 358-A, the consumer protection law, all protect free and fair competition. After a thorough review of the facts by the Consumer Protection and Antitrust Bureau, Formella concluded that completing the merger would have violated the law based on these grounds.

Dartmouth CEO Joanne Conroy said VTDigger that she was disappointed with the findings of the regulatory review, but that she respected the process. She also said the changing dynamics of the healthcare landscape meant the merger made less sense than when it was first proposed about three years ago.

When the plan was first announced in January 2019, the COVID-19 pandemic had yet to occur. Now that the pandemic has reshuffled the priorities of much of the US healthcare system, Conroy acknowledged that the benefits and promises envisioned at the start of the merger process “are no longer practical and realistic in the current environment.”

Originally, Dartmouth and GraniteOne planned to expand their existing collaborations in the areas of obstetrics, oncology, rheumatology, prenatal and postnatal care, endocrinology and critical care. They also proposed reducing costs by integrating backend services and data sharing, and expanding specialized services.

THE GREAT TREND

Healthcare M&A data shows only 12 deals recorded in the first quarter of the year, continuing a downward trend: the lowest number of consolidations to date since Kaufman Hall started tracking these stats in 2016.

Additionally, most of the 12 deals were smaller deals, according to the company’s latest data, released in April. This trend deviates from previous quarters, when high-priced “mega” mergers offset the drop in the number of deals in terms of pure dollars traded. In four of 12 mergers and acquisitions so far this year, the average revenue of the smallest party has been less than $100 million.

An executive order issued by President Joe Biden last summer sought to clamp down on hospital and health insurance consolidations and other actions that he says lessen competition and drive up prices.

Hospital consolidation has left many areas, especially rural communities, without good options for convenient and affordable health services, according to the order. He encouraged the Justice Department and the Federal Trade Commission to vigorously enforce antitrust laws and “recognizes that the law allows them to challenge prior bad mergers that previous administrations did not previously challenge.”

In the order, Biden encouraged the DOJ and FTC to review and revise their merger guidelines to ensure patients are not harmed by such mergers.

Twitter: @JELagasse
Email the author: jeff.lagasse@himssmedia.com

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Cincinnati Metro to hold job fair to find bus drivers https://progpulsion.com/cincinnati-metro-to-hold-job-fair-to-find-bus-drivers/ Fri, 13 May 2022 19:41:00 +0000 https://progpulsion.com/cincinnati-metro-to-hold-job-fair-to-find-bus-drivers/ CINCINNATI — Metro will host a job fair this weekend in hopes of hiring dozens of new bus operators. The hiring goal is to enable the transit agency to move forward with plans to expand and improve bus service in the greater Cincinnati area. What do you want to know Metro will host a job […]]]>

CINCINNATI — Metro will host a job fair this weekend in hopes of hiring dozens of new bus operators. The hiring goal is to enable the transit agency to move forward with plans to expand and improve bus service in the greater Cincinnati area.


What do you want to know

  • Metro will host a job fair this weekend as part of an ongoing effort to attract new drivers
  • Transit agency needs about 50-75 new drivers to help expand services and implement its Reinvent the Subway plan
  • Staffing issues have affected bus systems across the country
  • The hiring event will take place on Saturday at 1401 Bank Street.

The hiring event will take place on Saturday, May 14 at Metro’s Queensgate division (1401 Bank Street). It will take place from 10 a.m. to 1 p.m.

Those planning to attend do not have to RSVP. But for those who are considering applying, submit your application online before the event, if possible.

Metro has struggled to retain and recruit staff, especially bus drivers, during the COVID-19 pandemic. This is a problem that affects transportation companies across the country.

The agency needs additional drivers to cover existing routes and expand its service. Metro has about 475 drivers on its payroll, but it wants to add 100 to 150 more by the end of the year.

They have held several job fairs over the past few months, the most recent being on March 17. They also ran an aggressive campaign on social media.

Driver shortages have at least played a role in service changes over the past few months – some more minor, some more drastic, like those of December which involved 22 routes. These adjustments included a mixture of route consolidations and schedule adjustments as well as the elimination of an express route to Forest Park.

Staffing issues have also limited Metro’s ability to implement certain aspects of its Reinventing the metro plan, which aims to better connect residents of greater Cincinnati to jobs, school and medical services.

“Due to the nationwide driver shortage, we have had to make adjustments to our current service in an effort to improve service reliability for our customers,” Metro spokesperson Brandy Jones said. , in January. “We’ve also been very strategic about the timing and service improvements to be implemented based on factors such as staffing levels and ridership patterns and needs.”

Troy Miller, president of Amalgamated Transit Union Local 627, which represents Metro employees, said part of the challenge of hiring drivers has to do with finding the “right person” for the post. The unique bus service schedule is a challenge, Miller said. He also mentioned that some applicants were encountering complications during the background check and screening processes.

Part of Metro’s selling pitch to would-be drivers is a new contract struck several months ago between the bus drivers’ union, ATU, and the Southwest Ohio Regional Transit Authority, which operates Metro.

The contract guarantees “better pay, benefits and stability” than at any time in the agency’s history, according to Metro. Drivers start at $21 per hour.

Other benefits include:

  • Paid training at $19 per hour, which includes Commercial Driver’s License (CDL) training and CDL license fee reimbursement.

  • Opportunities to earn premium pay rates on high demand routes

  • $2,000 signing bonus upon completion of training and 95-day trial period

  • Salary increase every six months

Metro also offers comprehensive health and dental benefits, retirement benefits, and discounted transit passes for a spouse and dependents.

For more information, visit go-metro.com/careers or call 513-632-7559.


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Retirement investing industry faces big changes, experts say – InsuranceNewsNet https://progpulsion.com/retirement-investing-industry-faces-big-changes-experts-say-insurancenewsnet/ Thu, 12 May 2022 18:01:23 +0000 https://progpulsion.com/retirement-investing-industry-faces-big-changes-experts-say-insurancenewsnet/ Anyone who thinks there’s nothing new under the sun in retirement insurance should have attended a session Thursday at the 2022 Retirement Industry Conference in Boston, hosted by the Secure Retirement Institute and the Society of Actuaries. Change, if it’s not already here, is coming, the presenters agreed, whether it’s welcome or not. The session, […]]]>


Anyone who thinks there’s nothing new under the sun in retirement insurance should have attended a session Thursday at the 2022 Retirement Industry Conference in Boston, hosted by the Secure Retirement Institute and the Society of Actuaries. Change, if it’s not already here, is coming, the presenters agreed, whether it’s welcome or not.

The session, titled “Harnessing the Power of Change,” looked at a wide variety of innovations impacting the retirement investing industry, from cutting-edge technology updates to even considerations on changing the term ‘retirement’ to ‘lifelong personal care’.

Term of “retirement” considered outdated

“For the generation now approaching retirement, the term doesn’t fit them,” said Allison Salka, senior vice president and director of research at LIMRA. “The notion of a retiree just sitting on the beach is not how he sees himself.”

New ways to work and save will quadruple the country’s retirement savings pool, said Justin Singer, director of the wealth and asset management consultancy Ernst & Young. Along with this will come consumer and investor demand for a better and more familiar experience in dealing with investment advisors, tracking performance and understanding new products.

“Product providers have really been in the driver’s seat of distribution, but now we’re seeing investment advisors playing a bigger role,” Singer said.

Companies adopting AI

And the advisor might not always be human, Singer noted, as more companies are embracing artificial intelligence and virtual reality as ways to give consumers more control when making their choices. investment for retirement and review the options.

But Singer noted a dichotomy in how technological advancements in the industry are viewed by different sectors. Recent surveys, including a live poll conducted during the presentation, showed that a majority of retirement investment executives believe tech companies will disrupt the industry. Fintechs invading the space, however, maintain that they want to be partners rather than true competitors.

“Look at the experience of tech companies when they announced they were getting into healthcare,” Singer said. “Faced with the complexities of compliance and regulation, they backed out.”

Instead, he said, technology companies can offer advanced platforms to facilitate the sales process and experience that current generations have become accustomed to when dealing with businesses. He used companies such as Travelocity and Kayak as examples. These companies do not offer travel or vacation packages, but provide an easy-to-use platform for consumers to book their trips.

Fintech: partner or competitor?

“We see fintech partnering with us for platforms,” said Bryan Hodgens, corporate vice president and director of distribution and retirement research for LIMRA LOMA. “They’re not going to compete on the product but on the platform and the process.”

Hodgens said fintechs can therefore be both partners and disruptors, but not necessarily in a bad way.

Continued technological disruption to the industry is inevitable, but big tech can be seen as an enabler rather than a competitor, Singer noted.

The consumer is really driving much of the change affecting the industry, as investors seek personalized results at speed, cost and scale, he said.

Experience is the new product

“Experience is the new product,” Singer said, referring to a chart displaying takeaways from several E&Y “innovation studio metrics.”

Under “experience” as a new product, E&Y found:

  1. Holistic counseling providers will prevail
  2. Platform ecosystems will disrupt and control the customer experience.
  3. Choice and personalization will lead to better engagement.

In the perhaps hotter and fuzzier categories of impeding change, Singer said companies that embrace diversity, equity and enhanced culture goals, show improved profits,

“Culture and strategic growth are closely linked,” he said. “Diverse and innovative cultures transform businesses.

Silks noted that there are currently five generations of people in the workforce, creating the need for what is often seen as a static industry to evolve.

“Product evolution will have to happen,” she said, and we see ourselves in the crow’s nest of a ship in anticipation of what’s to come in terms of consolidations, partnerships and technology.

Doug Bailey is a freelance journalist and writer who lives outside of Boston. He can be reached at [email protected].

© All content copyright 2022 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reproduced without the express written consent of InsuranceNewsNet.com.

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Mushe (XMU) presale is live as Ripple (XRP) and Solana (SOL) consolidations continue https://progpulsion.com/mushe-xmu-presale-is-live-as-ripple-xrp-and-solana-sol-consolidations-continue/ Tue, 10 May 2022 12:50:16 +0000 https://progpulsion.com/mushe-xmu-presale-is-live-as-ripple-xrp-and-solana-sol-consolidations-continue/ guest author Mushe Token presale continues to roll as Ripple and Solana navigate consolidation Ripple (XRP) and Solana (SOL) have undergone numerous consolidations over the past few weeks. Meanwhile, the Mushe token is currently being offered for presale. It has multiple use cases and will be used for the NFT, Metaverse, and DeFi sectors. XRP […]]]>
guest author

Mushe Token presale continues to roll as Ripple and Solana navigate consolidation

Ripple (XRP) and Solana (SOL) have undergone numerous consolidations over the past few weeks. Meanwhile, the Mushe token is currently being offered for presale. It has multiple use cases and will be used for the NFT, Metaverse, and DeFi sectors.

XRP cryptocurrency token could be heading for a rebound as soon as XRP Ledger sees many updates

The XRP cryptocurrency could be heading for a breakout after a strong period of consolidation as weak hands come out and whales accumulate large volumes. The XRP ledger has undergone many improvements, with Ripple providing support for the integration of new NFT projects as well as growing support for liquidity. Ripple has announced that its on-demand liquidity service has reached another milestone via a Tweeter, “RippleNet has reached an annualized payment volume rate of $15 billion, as customers expand the use of RippleNet and ODL beyond remittances (including Treasury and SME payments).” XRP was changing hands at $0.57 at the time of writing.

bull
Source: stock.adobe.com

SOL Token May See a Boost as Solana Pay Sees Increased Adoption

Solana Pay was launched three months ago and has already seen demos for various merchants who expressed an increased desire to adopt the payment mechanism. This will help expand the use of the SOL token as a payment currency. According to an announcement, “On May 5, 2022, Solana Pay took over Atlas Cafe in San Francisco to demonstrate the unique utility of blockchain-based payments. Cafe customers made a purchase from USDC through Solana Pay, which automatically issued them an NFT loyalty token from Atlas and earned 20% off the purchase. Solana Pay will also help merchants distribute attractive discounts to their customers. The SOL token was trading at $77.90 at time of writing.

Mushe (XMU) introduces a multi-utility ecosystem

The newly launched Mushe cryptocurrency will be used in a diverse ecosystem that will include many features such as:

Ads

Mushe Chat: A social channel that will allow encrypted messages across the network. No third party will be able to read your messages and you can easily chat in a real private network.

DeFi: Mushe token can be staked and the ecosystem will also include lending and borrowing functions. Users will also be able to participate in a Mushe lottery accessible through the Mushe Wallet.

Musheverse: A metaverse ecosystem where users will be able to purchase land and properties. The ecosystem will also include support for play to win games in the future. NFT support will also be included so users can trade and earn a passive source of income. Mushe Token holders will be able to purchase NFTs representing residential properties, land, and advertising space. Metaverse banking will help bridge the divide and bottlenecks of traditional finance. It will allow users to easily access financial instruments with just one click. The Mushe ecosystem will include a wallet that will help users store tokens, NFTs and also allow them to trade instruments easily.

Mushe
Source: stock.adobe.com

Mushe Token is a new crypto coin with endless possibilities that seeks to explore the NFT, metaverse, and DeFi space. Most parts usually focus on one aspect, but Mushe has a diverse use case. XMU Token Presale Website is Live here.

Learn more about the Mushe token here:

https://mushe.world

https://portal.mushe.world/sign-up

https://twitter.com/Mushe_World

https://www.instagram.com/mushe_world/

https://www.reddit.com/user/Mushe_World

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Elizabethtown Area Board Informally Supports 3% Tax Increase, Considers Smaller | Community News https://progpulsion.com/elizabethtown-area-board-informally-supports-3-tax-increase-considers-smaller-community-news/ Sun, 08 May 2022 09:00:00 +0000 https://progpulsion.com/elizabethtown-area-board-informally-supports-3-tax-increase-considers-smaller-community-news/ When: Elizabethtown Area School Board meeting, April 26th. What happened: The board discussed the proposed budget of $73.04 million for the 2022-23 school year. Currently, the proposed budget includes a 3% property tax increase. Changes could still be made to the final budget that the board plans to adopt at the June 14 meeting. Consensus: […]]]>

When: Elizabethtown Area School Board meeting, April 26th.

What happened: The board discussed the proposed budget of $73.04 million for the 2022-23 school year. Currently, the proposed budget includes a 3% property tax increase. Changes could still be made to the final budget that the board plans to adopt at the June 14 meeting.

Consensus: The board did an informal poll on whether to continue with the 3% increase before voting at the May 10 workshop meeting to announce the final proposed budget. Five board members were in favor of keeping the 3% increase: Chairman Terry Seiders, James Read, Karen Sweigart, Craig Hummer and Caroline Lalvani. Three were against: Vice President Michael Martin and Stephen and Danielle Lindemuth. James Emery was absent. Martin had previously asked the administration to find $1 million in budget cuts to avoid a property tax hike, but the board decided against any cuts at the March 22 meeting.

Alternate increase: The Lindemuths suggested a tax increase of 2% instead of 3%. Danielle Lindemuth highlighted community feedback on a high tax burden and savings from the recent decision to close Rheems and Mill Road Elementary Schools.

Quoteable: “If we’re able to do something for our community, I think that would go a long way in helping our older population to be able to afford it…but even our younger population, we all feel that pinch,” Danielle Lindemuth mentioned. .

Arguments for 3%: Hummer noted that the proposed 3% tax increase is well below the 4.3% increase allowed by the district’s Act 1 index, a tax cap assigned by the Department of Education in the state. Hummer also argued that the district’s five-year financial plan, which calls for a 3% annual tax increase, would provide savings for the planned renovation of the high school/middle school complex. He also pointed to rising mandatory costs resulting from employee pension contributions, cyber charter schools and special education, coupled with a lack of state funding.

Quoteable: “These are mandatory items that we have to fund that unfortunately fall on the local taxpayer,” Hummer said. “We need state help. We’ve been asking forever and we’ve gotten nowhere,” he said later in the discussion, drawing applause.

Budget details: The proposed budget of $73.04 million is about $1.4 million more than the $71.6 million budget presented on March 22. But this latest update provided by Dan Forry, director of finance and operations, showed that $1.5 million in COVID-19 relief funds were to be used for one-year staff positions, including including Reading Specialists and Mathematics Stakeholders, as presented at the April 12 meeting. Health care costs have also increased.

Average increase: According to Forry, a 3% increase in taxes would raise the mileage to 18.6089, resulting in a tax bill of $3,349.60 – an increase of $97.56 – for the owner of a homestead of a median estimated value of $180,000.

Restructuring: With the elementary school consolidations, several positions are transferred, as detailed in the approved personnel report. Administrative realignments include the appointment of Jacques Viau, now Principal of Rheems, as Principal of Bear Creek School; Mike Pericci, now Head of Mill Road, as Student Support Coordinator; and Nate Frank, now director of Bear Creek, as coordinator of curriculum and federal programs. These last two positions represent new roles and responsibilities, but the number of directors remains the same, at 22, said district spokesman Troy Portser. In addition, Richard Toth, Director of Human Resources and Safety/Security Coordinator, is resigning effective May 5. Toth said before the meeting that he held a coordinator position with UPS in Middletown.

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Judge Axes Benicar Fee Suit, Says Company Didn’t Overcharge https://progpulsion.com/judge-axes-benicar-fee-suit-says-company-didnt-overcharge/ Fri, 06 May 2022 20:50:00 +0000 https://progpulsion.com/judge-axes-benicar-fee-suit-says-company-didnt-overcharge/ By Ryan Harroff (May 6, 2022, 4:50 p.m. EDT) — Mazie Slater Katz & Freeman LLC beat a lawsuit Friday that alleged it overcharged its customers in a multidistrict litigation over gastrointestinal injuries related to hypertension drug Benicar and its generic Olmesartan after the New Jersey court found that a state attorney’s fee rule did […]]]>
By Ryan Harroff (May 6, 2022, 4:50 p.m. EDT) — Mazie Slater Katz & Freeman LLC beat a lawsuit Friday that alleged it overcharged its customers in a multidistrict litigation over gastrointestinal injuries related to hypertension drug Benicar and its generic Olmesartan after the New Jersey court found that a state attorney’s fee rule did not apply to MDL.

A New Jersey federal judge granted Mazie Slater’s motion to dismiss the proposed class action, writing that the nearly $9 million award to the company was “well within the reasonable and fair percentages of Third Circuit examples.” . The court accepted the company’s argument from its severance offer that a state rule…

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FinancialForce’s Spring 2022 Release Defines the Future of FP&A in Services https://progpulsion.com/financialforces-spring-2022-release-defines-the-future-of-fpa-in-services/ Tue, 03 May 2022 20:41:06 +0000 https://progpulsion.com/financialforces-spring-2022-release-defines-the-future-of-fpa-in-services/ Economic uncertainty sends shockwaves through all businesses, service organizations suffering the consequences. The recent drastic drop in the number of Netflix subscribers is a good example of this. Department CFOs say there is an urgent need to track the performance of their overall planning strategies linking finance and operations. However, getting the data to analyze […]]]>

Economic uncertainty sends shockwaves through all businesses, service organizations suffering the consequences. The recent drastic drop in the number of Netflix subscribers is a good example of this. Department CFOs say there is an urgent need to track the performance of their overall planning strategies linking finance and operations. However, getting the data to analyze has been difficult for even the largest service companies. The Spring 2022 release of FinancialForce addresses these challenges.

Therefore, CFOs need financial planning and analysis (FP&A) integrated with operational planning applications to help track plan performance across all P&Ls and finance. FinancialForce’s decision to launch a full FP&A on their ERP Cloud platform shows that they clearly read the services market and listen to their clients’ CFOs about what matters most.

CFOs want to know the financial impact of every planning decision

Even in times of economic stability, finance teams struggle to get from operations planning teams the data they need to predict the financial outcomes of decisions. Line of business managers look to finance to provide accurate and detailed information about the financial implications of every planning decision. By having FP&A use the same accounting, reporting, and planning data, CFOs, COOs, and their teams gain greater visibility and control over all aspects of budgeting and forecasting.

One of the biggest shortcomings of FP&A in the past was relying only on siled financial data with little visibility into operational planning. Finance teams need access to all the data available in finance and operations to do their jobs well and create accurate forecasts. Implementing FP&A with any ERP platform should start with the goal of providing integrated business planning. Sales management and their teams also need visibility into FP&A reporting and analysis to manage revenue. FinancialForce’s decades of experience on the Salesforce platform combined with the integration expertise The acquisition of MuleSoft by Salesforces brought to the company four years ago will increase the likelihood of adoption of their FP&A solution.

CFOs of service companies face new economic uncertainties every week. As a result, they are more interested in gaining greater visibility and control over the planning process, including version control, more automated multiple planning options, and more real-time collaboration across the enterprise. business, all on one platform. FinancialForce’s DevOps and Product Management teams are to be commended for identifying these challenges and including them in their FP&A application delivered in the Spring 2022 release.

FinancialForce’s long-awaited FP&A solution enables analysts to create multiple what-if scenarios using calculation rules and mass functions, create dynamic plans and stress test hypotheses, and better anticipate their return through area and by investment.

The future of FP&A is an integrated cloud

Service organizations are quicker to migrate to the cloud than their product-based counterparts. This is because sourcing, order management, and supply chain workflows tend to be less complex than product-driven businesses. Service organizations also need financial management, procure-to-pay, and professional services automation (PSA) all on the same platform to support operational planning with FP&A.

FinancialForce’s Multi-X functionality is extended in the Spring 2022 release to simplify financial statement consolidation and meet the needs of multi-entity organizations. In the latest version, it is possible to record taxes due on intercompany tax transactions, which speeds up the intercompany process of taxation and reporting. The Spring 2022 release also streamlines the creation of multi-company sales invoices and simplifies the preparation of consolidated financial statements with consolidation group structure features.

Multi-X enables recording and sharing across a multi-level or multi-entity enterprise.

New location features essential for running a global business have been added, including support for Switzerland, Denmark, Finland, and Austria, as well as improved business operations in Germany and Australia . Additionally, multi-X supports multi-company invoicing support and advanced invoice consolidations for multi-revenue invoicing. Calculation and registration of tax on intercompany transactions and activation of cash matching process between companies are also supported.

The future of FP&A is an integrated cloud, confirmed by FinancialForce’s launch of the ERP Cloud, Professional Services Cloud and enhancements to its Customer Success solutions. “In today’s business environment, organizations need to be able to respond quickly to disruptions while continuing to innovate and deliver tangible results to their customers,” said Dan Brown, chief product and strategy officer at FinancialForce. “Our Spring 2022 release gives our clients a richer set of tools to help them pursue their primary purpose, delivering exceptional client results while improving the client experience along the opportunity-to-renewal journey. .”

New Professional Services (PS) Cloud additions in the Spring 2022 release include customer-requested enhancements to skills and resource management, service estimating, and project management. FinancialForce customers have also requested better resource management to increase their efforts to train and retain their workforce. Therefore, the Spring 2022 release adds intelligent automation to the staffing process by enabling automatic assignment of resource requests that meet specific criteria and an expanded ability to model ideal staffing scenarios for a project, opportunity, or task. region. These enhancements improve PS Cloud’s resource optimization capabilities and enable resource managers to deploy ever larger and more complex teams efficiently and cost effectively.

Conclusion

Service organizations are looking for cloud-based professional services ERP systems that deliver greater forecasting accuracy, faster forecasting and budgeting, and improved accountability, visibility, and control. Integrated clouds are the future of FP&A for all of these factors and the need of all service organizations to improve revenue and operational performance. Additionally, given today’s growing economic uncertainty, CFOs also want to increase predictability and risk management strategies, while fostering greater collaboration. All of these factors combined define the future of FP&A in an integrated cloud, something FinancialForce has been doing for decades on the Salesforce platform.

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The dollar index hits its highest level in two decades as the focus shifts to the Fed hike https://progpulsion.com/the-dollar-index-hits-its-highest-level-in-two-decades-as-the-focus-shifts-to-the-fed-hike/ Sat, 30 Apr 2022 10:53:49 +0000 https://progpulsion.com/the-dollar-index-hits-its-highest-level-in-two-decades-as-the-focus-shifts-to-the-fed-hike/ The dollar ended up being its strongest last week, with the best week since 2015 and the dollar index hitting a two-decade high. However, the rally slowed somewhat towards the end of the week. This could be the result of month-end flow or cautious traders ahead of the Fed. But in any case, there is […]]]>

The dollar ended up being its strongest last week, with the best week since 2015 and the dollar index hitting a two-decade high. However, the rally slowed somewhat towards the end of the week. This could be the result of month-end flow or cautious traders ahead of the Fed. But in any case, there is no sign of clipping yet. The yen was the second strongest, thanks to risk aversion and the consolidation of Treasury yields.

On the other hand, risk aversion and worries about China hit the Aussie and the Kiwi. The euro wasn’t too far off as the Russian invasion continued and more sanctions were on the way. The British Pound and Swiss Franc also performed poorly while the Canadian Dollar was mixed.

The dollar index hit its highest level since 2002, before the Fed hike

The dollar index climbed as high as 103.92 last week, hitting the highest level since 2002. But it failed to close above long-term resistance at 103.82 and ended at 102 .95 instead. The greenback is partly supported by expectations of an aggressive rate hike by the Fed, and partly by risk aversion. However, the dollar apparently lost some momentum against the yen, which somewhat capped the rise of the DXY.

A 50 basis point increase in the federal funds rate next Wednesday, May 4, is a done deal. The question is whether the Fed would deliver an even bigger 75 basis point increase in June, as currently priced in by the markets. President Jerome Powell is unlikely to answer this question concretely. Instead, as incoming data arrives, particularly this Friday’s nonfarm payrolls report, Fed officials would begin to adjust their tone to shape expectations for June.

Technically, the short-term outlook will remain bullish as long as the support at 101.03 holds. Sustained trading above 103.82 (2016 high) will confirm resumption of the overall uptrend from 70.69 (2008 low). The next target will be a 61.8% projection from 72.69 to 103.82 from 89.20 to 108.43. However, a break of 101.03 will indicate an initial rejection by 103.82 and will provide a short-term correction first, before staging another rally.

NASDAQ Resumes Mid-Term Correction, SPX 500 Will Follow Soon

The yen initially came under pressure after the BoJ doubled down on its pledge to defend the 0.25% cap on the 10-year JGB yield. The central bank also maintained an accommodative bias, pledging to ease without hesitation if necessary. Still, risk aversion gave the yen a lifeline towards the end of the week. This in turn capped the USD/JPY rally and limited the greenback’s momentum. Based on the short-term bearish outlook for the NASDAQ and S&P 500, such a trend could continue for some time.

Speaking of risk aversion sentiment, NASDAQ plunged through 12587.88 last week to resume corrective decline from 16212.22 high and hit new 2022 low. short term will now remain bearish as long as 13222.03 resistance holds for a 100% projection 100% projection from 16212.22 to 12587.88 from 14646.90 to 11022.56 next.

Nonetheless, there should be strong support around that 11022.56 level, and above the 61.8% retracement from 6631.42 to 16212.22 to 10291.28 to contain the decline and complete the correction.

The S&P 500 is still holding above the corresponding support at 4114.65 at the moment. But he looks vulnerable. The firm break will resume correction from 4818.62 and target 100% projection from 4818.62 to 4114.65 from 4637.30 to 3933.32. For now, strong support is expected from the 38.2% retracement from 2191.86 to 4818.62 at 3815.20 to contain the decline and complete the correction.

US 10-Year Yield in Consolidation, Remaining Bullish at 3%+

Bindings in US Treasury yields also helped stabilize the yen. The 10-year yield turned into consolidation after hitting 2.954. Further sideways trades may be seen in the near term, but the outlook will remain bullish as long as 2.646 support holds. The main hurdle is the trend defining long-term resistance at 3.248 (2018 high), which is unlikely to be decisively cleared on the first attempt. TNX might continue to lose bullish momentum on the next rise and start to feel heavy above the 3% handle. Any prolonged consolidation or correction in TNX would also help the yen to rally.

AUD/JPY extends consolidation from 95.73

The Australian dollar was under pressure, although the RBA is now expected to anticipate the first rate hike until next Tuesday and deliver another in June. The Aussie was weighed down by general risk sentiment, concerns over China lockdowns and weakness in Chinese equities and the yuan.

AUD/JPY extended the corrective pattern from 95.37 last week on the developments above. The outlook is not too bearish, however, as it only consolidates the recent rally from 80.34. A deeper drop could be seen down to the 38.2% retracement from 80.34 to 95.73 to 89.85. But there needs to be strong support, which is near the 55-day EMA (now at 89.51) to provide a bounce. However, a firm break of 89.85 would be a sign of a bigger reversal in general sentiment.

EUR/USD Weekly Outlook

The EUR/USD downtrend resumed last week and hit a low of 1.0470. As a temporary bottom has formed, the initial bias is neutral this week for some consolidations. The upside potential of the recovery should be limited by the support at 1.0756 turned resistance to trigger a resumption of the decline. The breakout of 1.0470 will target a 161.8% projection from 1.1494 to 1.0805 to 1.1184 to 1.0069.

Overall decline from 1.2348 (2021 high) is likely to continue as long as 1.1185 support holds. The break of 1.0635 (2020 low) now increases the possibility that it will resume its long-term downtrend from 1.6039 (2008 high). A retest of the 1.0339 low (2017 low) should be seen next. A decisive break there will confirm this bearish case.

On the longer term, the current pattern suggests that the long term downtrend from 1.6039 (2008 high) is ready to resume. The breakout of 1.0339 will target a 61.8% projection of 1.3993 to 1.0339 from 1.2348 to 1.0090. A decisive break there could lead to an acceleration down to a 100% projection at 0.8694.

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American Tower (AMT): stocks to control inflation in the portfolio https://progpulsion.com/american-tower-amt-stocks-to-control-inflation-in-the-portfolio/ Sat, 30 Apr 2022 04:26:00 +0000 https://progpulsion.com/american-tower-amt-stocks-to-control-inflation-in-the-portfolio/ Dzmitry Dzemidovich/iStock via Getty Images American Tower Society (NYSE: AMT) is a stock you can’t go wrong with, especially during inflation. Its financial fundamentals, as well as the essential nature of real estate in the critical telecommunications industry, make it a safe bet to place. This stock is a buy, especially given the macro conditions […]]]>

Dzmitry Dzemidovich/iStock via Getty Images

American Tower Society (NYSE: AMT) is a stock you can’t go wrong with, especially during inflation. Its financial fundamentals, as well as the essential nature of real estate in the critical telecommunications industry, make it a safe bet to place. This stock is a buy, especially given the macro conditions the market is facing.

Company presentation

American Tower Corporation is a large global player in the field of telecommunications real estate which is classified under the real estate investment trust (REIT) structure. The company owns, operates and develops real estate projects critical to the global markets communications ecosystem.

With its market capitalization of $117 billion, at the end of April 2022, AMT is the largest REIT in the world, with nearly 200,000 communication sites in North America, Latin America, Europe, Asia and Africa. Given its considerable size and dynamic scale of operations, American Tower Corporation is classroom 410 in the list of Fortune 500 companies.

The potential of REITs in times of inflation

During periods when macroeconomic conditions lead to inflations, players in the investment fields tend to revise their valuation methods and investment criteria. The goal is usually to outpace the rate of inflation, while reducing disposable incomes and constraining consumer budgets. The stock market in particular had been an inescapable choice to act as a safety cushion during periods of inflation. Indeed, despite the typical volatility observed among equities, long-term appreciation protects investors from a monetary devaluation of their long-term savings. Moreover, companies tend to increase their prices in such economic conditions, which makes stocks similar to commodities, which increase in price throughout inflation.

However, the typical stock is still likely to take a hit in such macroeconomic conditions, given the impact on profitability resulting from inflation. With declining disposable incomes and economic uncertainty, the market is much more reluctant to spend on non-essential industries. These conditions indicate that investing in common stock remains a risky option for market participants.

Alternatively, REITs are seen as much more viable investment options to consider in times of inflation, as opposed to common stocks. Regular stocks, especially those of companies that sell non-essential products or services, see their prices fall due to reduced profitability. Alternatively, REITs experience high growth, significantly outpacing the consumer price index on an annual basis. It’s always been seen from the years 2000 to 2020, except for only three years:

bar chart

Nareit, S&P Global Market Intelligence

As can be seen from the data depicted above, REITs are a particularly viable option to consider in times of inflation, given their dividend growth that far outpaces the consumer price index.

In a similar study, the returns of standard equities (measured using the S&P 500 index as a standard) were compared to those of REITs, during periods of different levels of inflation. The study classified inflation below 2.5% as “low inflation”, between 2.5% and 6.9% as “moderate inflation”, and above 6.9% as “high inflation”. This is shown below:

chart

Nareit, S&P Global Market Intelligence

As the numbers above show, REITs consistently outperform the S&P 500 Index during periods of moderate and high inflation. Although the S&P index generated higher price returns, REITs overall outperformed given their substantial earnings during this period. Price returns typically decline for REITs to dramatically low levels during periods of high inflation, but dividend payments experience huge growth.

Additionally, the asset-based business model of REITs like AMT gives the company a fair value advantage during times of rising costs. In the case of AMT, which deals in communication real estate, it is potentially unlikely that the company’s profitability will experience a significant impact, given the essential nature of its communication real estate assets. The communications ecosystem is critical to the functioning of the global order and is one of the few industries that will see consistent demand, even during times of high inflation. Removing telecommunications is never an option considered by market players, despite macroeconomic tensions.

Financial evaluation

One of the reasons AMT is a good REIT option to pin hopes on during times of high inflation is its financial performance, which makes it a prime candidate to consider generating higher incomes in an environment of rising market costs. A high income REIT stock could correct the decline in personal disposable income.

In its latest earnings report, which was for the first quarter of FY22, AMT beat analysts’ earnings expectations and achieved quarterly FFO of $2.55 per share. As a result, the company’s bottom line improved nearly 4% year over year. This growth in FFO is a consistent feature of AMT and has been seen since the stock’s early years:

bar chart

macrotrends

During a period of high inflation, such a steady growth trend, despite macroeconomic shocks such as the COVID-19 epidemic and the disruptions between Ukraine and Russia, is considered a very favorable investment option for consider in times of high inflation. One of the reasons for this is the increase in interest rates that accompanies periods of high inflation, which reduces the present value of future cash flows. For this reason, high growth stocks are considered favorable investment options.

In addition to beating analysts’ FFO expectations, another area where AMT shone was its revenue. The company posted quarterly revenue of $2.66 billion, 2% higher than Zacks’ consensus estimate. Following this outstanding performance, the company’s revenue jumped more than 23%, significantly increasing its long-term potential, further adding to the reasons why the stock is an optimal choice during periods of inflation. .

line chart

Looking for Alpha

AMT Assessment Rating

AMT appears to be a high value stock, which I believe is currently not reflected in its current price of $241. Given its upside and a looming high inflationary environment, I believe the stock is undervalued and will likely see its price rise as its investment viability becomes more apparent.

chart

Simply Wall St

According to analyst growth forecasts, AMT outperforms the specialty REIT industry by 0.4%, but lags the broader US stock market. However, as described above, this is due to the fundamental difference between REITs and common stocks, especially in times of moderate and high inflation.

What is more remarkable in the case of AMT is its funds from operations (FFO) and the growth trend it has experienced over the years. FFO is a much more appropriate measure in the valuation of REITs, compared to EPS, as it eliminates the impacts of depreciation, amortization, and gains and losses on asset sales. Based on this, the view that AMT is undervalued is reinforced:

line chart

Looking for Alpha

Based on these valuation measures, I strongly believe that AMT is significantly undervalued, especially given the potential increase in its demand as higher levels of inflation hit the US economy.

Risks

American Tower’s most significant risk that could impact its financial viability is the threat of customer consolidation. As key players in the communications industry embark on consolidation strategies such as mergers or strategic partnerships, duplication of services would be eliminated, potentially reducing demand for the company’s assets. AMT. If such a trend gains momentum, AMT’s earnings could break its growth trend and profitability would become increasingly difficult to sustain.

Similarly, consolidation among corporate customers could lead to modernization of communications infrastructure, which could result in the aging of AMT’s assets. This, too, could lead skeptics to wonder whether or not the company could continue to grow if it sees a reduction in demand to such a degree. In the event that such consolidations occur, many customers may choose to terminate their leases and agreements with American Tower, which would directly impact its contractual revenue stream.

To avoid exposure to this significant risk, AMT should strategically focus on innovation and determine how best to add value to its customers, despite a potential wave of consolidations. Such innovation could be spurred by the research and development of new assets in the communications ecosystem that are superior to those of competitors in terms of quality and price.

Conclusion

AMT is a great REIT stock that you don’t want to miss, given the looming inflationary pressures affecting the global economy. REITs outperform common stocks in terms of earnings, during periods of moderate and high inflation, and AMT presents the most robust profile in the broader REIT market. The company’s financials, including revenue, earnings and FFO per share, point to a remarkable growth trend, making it ideal for investors in times of inflation. This view is reinforced by the consistency of its growth which has proven immune to macroeconomic shocks due to COVID-19 and the Russian invasion of Ukraine, given the essential nature of AMT’s assets for the global communications industry.

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