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Member News
Member News
13
Jan
USA
California: Wildfires - how homeowners can receive financial help
Property owners whose homes or buildings were damaged or destroyed by the extreme windstorms and wildfires may qualify for temporary tax relief, L.A. County officials announced.
Under the Misfortune and Calamity Property Tax Relief program, property owners can receive temporary tax relief with adjustments made to reflect the reduced value of the property until repairs or rebuilding are completed, according to the County Assessor's Office.
The damage must exceed $10,000 in the current...
13
Jan
In the best news so far of 2025, a tentative agreement on a new six-year master contract has been reached by the ILA and USMX. The two parties decided to keep working under the current agreement until the union could set up a ratification vote. A joint statement said, “With the modernization of East and Gulf coast ports, this agreement creates the capacity they need to maintain our supply chains and protects existing ILA jobs while establishing a framework for implementing technologies that...
10
Jan
Welcome to the 119th Congress. Even before President-elect Donald Trump is sworn in on January 20, 2025, change has come to Washington, D.C., as the 119th Congress gaveled in late last week. Here is what the Buzz is watching as the new Congress kicks off:
A Trifecta? Yes, but … Republicans control the White House, as well as the U.S. Senate and U.S. House of Representatives, but that doesn’t mean that getting legislation to President-elect Trump’s desk is going to be easy. In...
10
Jan
Eurozone confronts renewed inflationary pressures, challenging ECB’s strategy
The eurozone is facing renewed inflationary pressures as 2025 begins, with consumer prices climbing to 2.4% in December – the highest rate since July. This increase marks the third consecutive month of accelerating inflation, exceeding the European Central Bank’s (ECB) 2% target, and adds pressure on the ECB to stabilise prices while supporting the region’s faltering economy.
December’s inflation increase, up from 2.2% in November, reflects a combination of surging energy costs and persistent price increases...
09
Jan
Tentative Agreement on New Six-Year Master Contract Reached by ILA and USMX
In an announcement last evening, the United States Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) said they have tentatively agreed on all terms of a new six-year Master Agreement.
In order for USMX members to confirm the conditions of the final contract, the two parties decided to keep working under the current agreement until the union could convene its whole Wage Scale Committee and set up a...
08
Jan
Firm elevates several individuals to new roles, igniting the next generation of innovation and growth
Minneapolis, MN – Jan. 7, 2025 – Today, CLA (CliftonLarsonAllen LLP) announced several updates to its national and regional leadership teams. The appointments and new roles underscore CLA’s commitment to innovation, growth, and strategic succession, as it accelerates into 2025 and beyond.
Among the developments are two additions to the firm’s executive leadership team. CEO Jen Leary has appointed James Watson as Chief Solutions Officer and Paul...
08
Jan
On January 2, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) Export Enforcement published its 2024 Year in Review, spotlighting key accomplishments in protecting U.S. national security. In this report, BIS highlights its expanded enforcement capabilities, impactful actions against illicit procurement networks, and collaborations with industry, academia, and international partners.
Key Highlights of the 2024 Year in Review
1. Disruptive Technology Strike Force Expansion
BIS expanded the geographic reach of its Disruptive Technology Strike Force by adding new units in...
07
Jan
On December 18, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License (GL) 1B (Authorizing Certain Activities Involving Federal State Budgetary Institution Marine Rescue Service) and GL 115 (Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy) related to the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). OFAC simultaneously issued one amended Russia-related Frequently Asked Question (FAQ) 894 and related FAQ 1203.
Subsequently, on December 27, 2024, OFAC issued GL 116 (Authorizing Transactions Involving Entities Owned by Bidzina Ivanishvili)...
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