27 Oct
Member News, New York Related News

New York City Issues Fair Chance Act Notice Form for Criminal Background Checks

As we previously reported in July and June, New York City recently passed the Fair Chance Act (FCA), which becomes effective onTuesday, October 27, 2015, and is applicable to criminal background checks. Among other requirements, the FCA prohibits employers from inquiring about or making statements concerning criminal history, prior to a conditional offer of employment, including the following: asking an applicant* questions about his or her criminal record; searching public records on an applicant’s* criminal record; having an applicant* complete background check disclosure and authorization forms;...

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27 Oct
Member News

Valuation of Social Media Data: What’s a Like/Follower/Retweet Worth?

Social media is omnipresent in today’s society. Everywhere you look, Facebook, Twitter, Instagram, YouTube, and many other services offer the ability to share photos, links, videos, tweets, and posts. The proliferation and growth of these communication mediums have allowed everyone, from individuals to multinational companies, to use them as a way to spread their message. Of particular interest in the business world is how to use these social media tools to gain market share and to attract and engage consumers....

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27 Oct
Chapter News

Resource productivity in the EU up by 28% in 2014 compared with 2002

In the European Union (EU), resource productivity increased from 1.53 €/kg in 2002 to 1.95 €/kg in 2014, an increase of 27.8% in real terms. This was not however a steady increase. After remaining relatively stable between 2002 and the beginning of the economic and financial crisis, resource productivity in the EU increased considerably from 2008 to 2010, before dropping in 2011, and growing again since then. Resource productivity quantifies the relation between economic activity (GDP) and the consumption of...

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27 Oct
Chapter News

End in sight for mobile phone “roaming” fees and unequal internet access

A complete ban on roaming charges for using mobile phones abroad in the EU will take effect in June 2017 and clear rules on the right to internet access will become law following Parliament's final approval of the new telecoms package on Tuesday. "This abolition of roaming surcharges has been long awaited by everybody: ordinary people, start-ups, SMEs and all kinds of organisations” said the rapporteur, Pilar del Castillo (EPP, ES), in the debate before the vote. “Thanks to this...

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26 Oct
Member News

Trading Alert: First StuyTown, Now Bush Terminal

Time to trade GCCFC 2007-GG11 and CGCMT 2008-C7 exceedingly carefully. According to an article from The Real Deal just moments ago, the 16-building, six-million square-foot property known as Bush Terminal has been refinanced by the Bank of China and SL Green. The existing loan, which is split between the two aforementioned deals, was modified and bifurcated in 2012. The original $300 million note was split into a $190 million A note and a $100 million Hope note. The loan has 23 months to run and can prepay freely now. By...

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26 Oct
Chapter News

Instant payments will be the new “normal” in the EU

All Europeans must be able to make real-time payments in euro across national borders, says Executive Board member Yves Mersch in a speech about innovation. The ECB is working with payment service providers and consumers on a roadmap for pan-European instant payments. Introduction I am sure that almost all of you in this room today have a smartphone in your pocket. With the smartphone, you feel as if you have the world at your fingertips: you can call or message anyone...

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26 Oct
Chapter News

Investment Plan for Europe: over €1 billion of equity investments for SMEs and start-ups across Europe since January

Since the start of 2015, the European Investment Fund (EIF) and equity funds across Europe have signed investment agreements worth over €1 billion which will provide equity financing for businesses. These agreements, which enable fund managers to invest in promising start-ups, SMEs and midcaps, have the full support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. They are expected to result in overall investments of more than €12 billion across the EU. Speaking at an...

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25 Oct
Chapter News, Trade & TTIP Related

11th round of TTIP talks brought progress in most areas of the negotiations

Today, the EU and US finished 11th round of talks on the Transatlantic Trade and Investment Partnership (TTIP). Negotiators discussed all three pillars of what could be the biggest bilateral trade agreement in history, meaning market access for EU and US companies, regulatory cooperation and trade rules. The goal of the agreement is to slash trade taxes and facilitate trade between the two blocks with an aim to boost economic growth, create more job opportunities and modernise rules governing global...

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23 Oct
Chapter News

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Market operations Adjustment of the purchase process in the asset-backed securities purchase programme On 17 September 2015 the Governing Council approved changes to the governance structure of the asset-backed securities purchase programme (ABSPP). The proportion of purchases by national central banks will be increased through the participation of the Nationale Bank van België/Banque Nationale de Belgique and a greater number of jurisdictions covered by the Banque de France, with both central banks acting as Eurosystem asset managers for purchases. A related...

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23 Oct
New York Related News

Governor Cuomo Announces $1 Million in Grant Funding To Support Entry Into New York Agribusiness

Governor Andrew M. Cuomo today announced $1 million in funding is available to assist new farmers begin their careers. Now in its second year, the New York State New Farmers Grant Fund will build upon a successful 2015 when more than $610,000 was awarded to 19 farms across the state in order to support the continued growth of New York’s agricultural industry. “Farming remains an important industry in New York and an essential part of this state’s economy,” Governor Cuomo said. “By...

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