New York Related News

NYCEDC Expands Quality Of Life Program To Employ More Formerly Homeless And Formerly Incarcerated Individuals

Expansion includes partnership with The Doe Fund to create jobs for CleaNYC, Graffiti-Free NYC and Citywide Ferry Service New York City Economic Development Corporation (NYCEDC) today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives. NYCEDC’s QOL program partners with not-for-profit organizations to train, employ and provide social services to participants. NYCEDC’s current QOL...

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Chapter News

UN chief launches first report to track Sustainable Development Goals

Launching the first-ever Sustainable Development Goals report on the new global development agenda adopted last year, Secretary-General Ban Ki-moon today said that the 15-year undertaking is “off to a good start” but will require all parts of the UN family and its partners to work together. “We have embarked on a monumental and historic journey,” the Secretary-General told the UN High-level Political Forum on Sustainable Development (HLPF), which opened on 11 July and ends on 20 July, at the UN...

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Chapter News

U.S. Secretary of Commerce Penny Pritzker Statement on the EU-U.S. Privacy Shield Framework Certification Process Launch

U.S. Secretary of Commerce Penny Pritzker issued the following statement on today’s launch of the self-certification process for U.S. organizations participating in the EU-U.S. Privacy Shield Framework (Privacy Shield).  “After more than two years of discussions, it is time to implement the new EU-U.S. Privacy Shield Framework with our partners in Europe and companies on both continents. With the Privacy Shield in place, businesses will be able to protect privacy and truly seize the opportunities offered by the transatlantic digital...

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Member News

STEM OPT 7-Month Extension Application Deadline Coming Up on Monday, August 8

On March 11, 2016, U.S. Department of Homeland Security (DHS) published a final rule pertaining to optional practical training (OPT) for certain students with degrees in science, technology, engineering, or mathematics (STEM). This rule permits employers to retain, for a longer period, the talents of individuals currently dependent on an F-1 nonimmigrant student visa. As a transitional measure, U.S. Citizenship and Immigration Services (USCIS) has provided certain students currently holding 17-month employment authorization documents (EADs) under the STEM OPT...

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Chapter News

President Juncker consults the European Parliament on Sir Julian King as Commissioner for the Security Union

Today, President Juncker announced his intention to allocate the Security Union portfolio to Sir Julian King, the candidate for Commissioner from the United Kingdom On 11 July, President Juncker interviewed Sir Julian King as the candidate for Commissioner from the United Kingdom to replace former Commissioner Lord Hill. On this basis, President Juncker has today announced his intention to allocate the Security Union portfolio to Sir Julian King. The Commissioner for the Security Union will support the implementation of the European...

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Member News

NLRB Requires Specificity in Management-Rights Clauses

When drafting a collective bargaining agreement, employers often insist on a management-rights clause.  That clause reserves to the employer the right to take unilateral action, with respect to certain terms and conditions of employment without an obligation to bargain with the union about that action.  In negotiating such clauses, employers try to find the right balance between specifically delineating the rights being retained, while keeping the language sufficiently broad to cover other (perhaps unanticipated) circumstances in which the employer...

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Chapter News

2016 External Sector Report : New External Assessments Show Larger Imbalances in 2015

External imbalances widened again in 2015 after narrowing in the aftermath of the global financial crisis. Countries should take measures that reduce excess imbalances without compromising global demand, according to a new IMF analysis. The 2016 External Sector Report (ESR), the fifth annual exercise of its type, analyzes recent developments and provides updated staff assessments of countries’ external positions, including current account balances, real exchange rates, external balance sheets, capital flows, and international reserves. The ESR, which covers 29 of the...

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Chapter News

Spring 2016 Standard Eurobarometer: Strong public support for Commission’s political priorities

Europeans see immigration and terrorism as the major challenges facing the EU at the moment, and they support the political priorities of the European Commission. Europeans see immigration and terrorism as the major challenges facing the EU at the moment, and they support the political priorities of the European Commission. These are two key results of the latest Standard Eurobarometer survey published today. The survey was carried out between 21 and 31 May 2016 in 34 countries and territories. Immigration and...

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Member News

August FX outlook – more UK monetary policy focus

Major FX markets in July were comparatively range-bound following the sharp late June moves after the UK Brexit decision. The narrow range in EUR/USD seems unlikely to be sustained through August, with expectations of Fed action in September likely to come to the fore by the end of the month Main market movements in July Majors largely traded within June’s range, but GBP/USD made new lows below 1.28 before recovering back above 1.30 helped by the formation of the new Conservative...

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Member News

Regional Buffalo Retail Center Up for Sale

According to news station WKBW Buffalo, the 762,412 square-foot shopping center located at 1285 Niagara Falls Boulevard in Amherst, New York is being marketed for sale. The property currently backs the $92.9 million Boulevard Mall loan which matures in February 2017. The loan makes up 2.43% of the remaining collateral behind GCCFC 2007-GG9. Built in 1962, Boulevard Mall is being sold by Cleveland-based Forest City Realty Trust Inc. as part of a new company strategy focused on paying down existing...

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