14 Mar
Member News

Jaguar Freight | ‘Not So’ Steady as She Goes

In this week’s Roar we have competing forces making waves in all directions, including higher (and still growing) fuel costs, strong import volumes, a positive in a sea of negativity, rising commodity prices in Asia, and the US Department of Transportation trying to tamp it all down. The combination of skyrocketing bunker prices, including Low-Sulphur increasing by a third since the end of February. economic woes at home, and eroding consumer confidence has some in the industry predicting a...

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11 Mar
Chapter News

IMF Executive Board Approves US$ 1.4 Billion in Emergency Financing Support to Ukraine

Washington, DC : The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of US$1.4 billion (SDR 1,005.9 million) under the Rapid Financing Instrument (RFI) to help meet urgent financing needs and mitigate the economic impact of the war. The Executive Board expressed its strong support for the Ukrainian people. The war in Ukraine is resulting in tragic loss of life and human suffering. While the outlook is subject to extraordinary uncertainty, the economic consequences are already...

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11 Mar
Member News

Vulcan Insight | ECB speeds up exit from bond-buying

The European Central Bank announced this week that it is speeding up its exit from bond purchases as the economic effects of the war in Ukraine lead to a surge in inflation across the EU. The decision aims to secure “as much optionality as possible” in view of the “huge uncertainty” faced by the eurozone, ECB President Christine Lagarde stated at a press conference following the announcement. At the same time, the central bank couldn’t simply ignore record-high inflation. “The prospects...

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11 Mar
Member News

EXEO Attorneys | Special Bulletin regarding EB-5 Program Reform

Situation update, March 9, 2022 | EB-5 Program Expected to Increase to $800K by Mid-March After months of turmoil, the US EB-5 Program’s minimum investment is likely to increase to $800,000 as the negotiations on the re-authorization of the Regional Center are coming to an end. The vote confirming the reform is expected to take place on March 15. Early on March 9, the US Congress announced that it will vote on yet another stopgap funding bill to prevent a shutdown in...

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10 Mar
Member News

AlixPartners | Industry 4.0: Removing the barriers to true interconnectivity and data-driven decision-making

Just as steam power and mechanization, electricity and assembly line production, and computer technology all drove seismic business transformation over the past three centuries, Industry 4.0 will prove just as revolutionary. The integration of information and communication technologies is the inevitable next step for organizations seeking to realize the full benefits of production automation, with systems networking attuned to levels of sophistication that can almost autonomously control the smart factories of the future and much more. However, the dizzying array of...

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10 Mar
Member News

Troutman Pepper | ESG Proposals Make Early Waves in the 2022 Proxy Season

Environmental, social, and governance (ESG) issues received unprecedented attention from investors during the 2021 proxy season, and early indications show that the momentum will continue to build this year. On March 4, two ESG shareholder proposals were approved at the Apple Inc. (Apple) annual meeting. Civil Rights Audits The first proposal, which was approved by approximately 53.6% of shareholders, asks the board of directors to conduct a third-party civil rights audit for public disclosure on Apple’s website. Specifically, the proposal requests that...

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10 Mar
Chapter News

U.S. FED | Remarks by Governor Waller on fighting inflation with rate hikes and balance sheet reduction

Fighting Inflation with Rate Hikes and Balance Sheet Reduction | Governor Christopher J. Waller | At the Economic Forecast Project, University of California, Santa Barbara, Santa Barbara, California | Thank you Peter, and thank you to the UCSB Economic Forecast Project for the invitation to speak today. My plan is to start with my outlook for the U.S. economy in 2022, and then describe what I consider the appropriate path of monetary policy to keep the economy on a healthy...

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10 Mar
New York Related News

Mayor Adams to “Rebuild, Renew, Reinvent,” Unveils Blueprint for NYC’s Economic Recovery

Plan Will Help Deliver Accelerated Recovery, Built on Equity and Inclusivity Five Pillars, With More Than 70 Concrete Initiatives, Will Create Opportunities and Connect New Yorkers Seeking Work, Help Speed Return to Pre-Pandemic Employment Levels Major New Capital Investments in Hunts Point Produce Market and Surrounding Community to Support Modernization of Critical Food Supply Facilities and Help Neighborhood Thrive Blueprint Outlines “New New York” Blue-Ribbon Panel to Re-envision Central Business Districts, Lays Foundation for City’s Economic Future, With Investments in Small Businesses...

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10 Mar
Chapter News

Ukraine: EU steps up solidarity with those fleeing war

The Commission outlines today the very substantial support the EU is making available to help people fleeing war in Ukraine, as well as the EU countries receiving them. In the face of Russia's unprovoked and unjustified military invasion of Ukraine, European solidarity in action is helping people through direct humanitarian aid, emergency civil protection assistance, support at the border, as well as a clear legal status allowing those fleeing the war to receive immediate protection in the EU. The assistance...

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09 Mar
Chapter News

Statement by Secretary of the Treasury Janet L. Yellen on President Biden’s Executive Order on Digital Assets

WASHINGTON - Today, U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden's executive order on digital assets. "President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy. Under...

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