Housing stress to surge in NT unless we invest in social housing

first_imgHousing stress to surge in NT unless we invest in social housing Everybody’s HomeAccording to a landmark economic study measuring the economic fallout of COVID-19, homelessness will surge by 5.4% and 24.3 per cent more Darwin households will experience housing stress in 2021 due to the impact of the crisis.However, if the Federal Government invests $7.2 billion in social housing across the country, it could make a serious dent in homelessness, turbocharge the post pandemic economy by $18.2 billion, and create 18,000 jobs per year over four years. In the NT an investment of around $225 million would create 476 new homes.The findings are contained in Double return: How investing in social housing can address the growing homelessness crisis and boost Australia’s economic recovery. The Equity Economics report was commissioned by Everybody’s Home, a broad-based civil society coalition attempting to fix Australia’s broken housing system and end homelessness.The report projects NSW will be the hardest hit state by rising housing stress, owing to the larger proportion of households that rely on two incomes to pay mortgages or rent. Housing stress is set to increase by 41.9% in NSW, 32.4% in Victoria and 23.7% in the ACT. In Tasmania, it will go up by 25.9% and 10.2% in the NT.At the same time, the number of homeless people is forecast to rise by 19.1% in NSW, by 13.1% in Vic and 14.1% in Tasmania.“A secure, stable home is among our basic needs. With decent housing, we can fulfil our dreams, raise a family, and connect with our community. Take it away and even the most resilient person’s world will shatter into a million pieces,” said Kate Colvin, spokesperson for Everybody’s Home.“Homelessness and housing stress are a hothouse for anxiety, depression, and family breakdown. It’s in everyone’s interest to prevent this.“This modelling paints a frightening picture of the months and years ahead. No child should go to school unsure if their parents will lose the house before they get home. But that is the type of stress that’s about to be inflicted on thousands of Australian families and individuals.“It need not be this way. A Federal Government investment in social housing provides the most compelling social and economic return possible during an economic crisis. Social housing investment simultaneously attacks homelessness from multiple angles, giving more people a secure home, creating thousands of jobs and boosting economic demand.Investing in social housing is a no-brainer that will boost prosperity and help tens of thousands of people whose lives have been destroyed by COVID.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Act, Australia, Australian, community, covid-19, depression, Economy, Federal, federal government, Government, homeless, homelessness, Investment, NSW, Tasmania, Victorialast_img read more

Sunrise IPO pricing gives it market value of $6.76B

first_img Sunrise to slash workforce following takeover AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 27 JAN 2015 Related Proximus goes all-in on BICS Tags SunriseSwisscom Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more Sunrise UPC plots job cuts Saleha Riaz Sunrise, the second largest of three operators in Switzerland, has annnounced the launch of its IPO and set a price range of between CHF58 and CHF78 per share, giving it an implied market value of up to CHF3.3 billion ($6.76 billion).The first day of trading on the stock exchange will be on or before 6 February in what could be the country’s biggest flotation since 2006.Earlier this month, when the IPO plan was first revealed, the company had said that proceeds, which it predicted would be around $1.3 billion, would allow it to “substantially strengthen its balance sheet” and reduce the cost of debt.It added that the IPO would “support its corporate strategy of investing in state-of-the-art integrated mobile and fixed network technology.”Although there are no real signs of a deal, the IPO could also pave the way for Sunrise to merge with Orange Switzerland in order to better compete with top player Swisscom, according to speculation.Sunrise also clarified that the Swiss National Bank’s recent abandonment of its franc cap will not impact its IPO plans, given that the company’s revenues are earned entirely in francs while most of its debt is in euros.Sunrise, owned by private equity firm CVC, has 2.66 million mobile connections (Q4, 2014), according to GSMA Intelligence. Home Sunrise IPO pricing gives it market value of $6.76B Author Previous ArticleHuawei talks up “highly successful” dual device brand planNext ArticleMotorola makes Chinese return last_img read more

Phil & Friends Pay Tribute To 1969 And 1970-Era Grateful Dead

first_imgPhil Lesh continued his Grateful Dead 50th anniversary concert series at his own Terrapin Crossroads venue in San Rafael, CA, honoring the years 1969 and 1970 in the Dead’s history. Lesh has been working through sets that honor each yeah in the Dead’s storied history, having previously played 1965 through 1968.Lesh, along with Scott Law, Stu Allen, Jason Crosby, Cody Dickinson, Alex Koford, Ross James, played two tribute shows this weekend, with the ‘1969’ concert on February 6th and the ‘1970’ concert on February 7th. The first night saw the band follow the Dead’s setlist from 2/22/69, with “Dupree’s Diamond Blues,” “That’s It for the Other One,” “St. Stephen,” “Turn On Your Lovelight,” and more. The full setlists can be seen below.The encore of the 1969 show was a jumble of miscellaneous tunes, including “The Seven,” an alternate version of “The Eleven” that was only played twice ever – once in 1969 and another time in 1970. They concluded the show with a cover of Junior Parker’s classic blues tune, “Mystery Train,” which was only played the Grateful Dead once (it was a staple of the Jerry Garcia Band’s shows though).Phil & Friends followed things up with a 1970 tribute on the next night. The band opened with a brief acoustic set, which included renditions of “The Monkey and the Engineer,” “Friend of the Devil” and “Black Peter.” The electric portion of the show contained a number of Dead staples, including “China Cat/I Know You Rider,” “Not Fade Away,” “Dark Star,” and a handful of American Beauty tracks, including “Attics of My Life” and “Candyman.”Phil Lesh also announced the date of the 1971 tribute show, which will be held at Terrapin Crossroads on March 1st. Check out the setlists below:1969 Tribute: February 6th, 2015Set I: Dupree’s Diamond Blues > Mountains of the Moon > Jam > Dark Star > Cryptical Envelopment > That’s It for the Other One > Cryptical Envelopment > Death Don’t Have No MercySet II: Doin’ That Rag > St. Stephen > The Eleven > Turn On Your Love Light > Drums > Turn On Your LovelightEnc: Playin’ Jam > Silver Threads and Golden Needles, High Time > The Seven > Mystery Train1970 Tribute: February 7th, 2015The Monkey And The Engineer*, Friend Of The Devil*, Black Peter*, Casey Jones, China Cat Sunflower-> I Know You Rider, Hard To Handle, Me & My Uncle, Cryptical Envelopment > Drums > The Other One > Cryptical Envelopment > Attics Of My Life, Good Lovin’ > Drums > Good Lovin’, Cold Rain & Snow, Dark Star > Saint Stephen > Not Fade Away > Turn On Your Love LightEnc: Candyman, Walkin’ The Dog, Cocaine Blues,*AcousticSource: Philzone.comlast_img read more

Govinda Brings Eclectic Performance To Fayetteville

first_imgFresh off his flight after playing a sold out show in Denver with Shpongle and Alex Grey the night before, out-of-the-box dubtronica producer Govinda ended his 2015 tour in Fayetteville, Arkansas this past Saturday, December 12. Just down the street from the University of Arkansas, George’s Majestic Lounge was popping off, beginning with Doohickey on the decks. Ryan Viser followed, getting the crowd on their feet by incorporating trumpet playing into his unique DJ set complete with originals and remixes of familiar tunes.The stage was finally turned over to the headliner of the evening, Govinda. His always innovative set revved the crowd up with the melodious sounds of his signature violin. A classically trained violinist since the age of eight, it’s always a treat to witness Govinda electronically manipulate the sound coming from this beautiful instrument. By the end of the night, everyone was on their feet dancing and drenched in sweat. A job well done, and a fantastic conclusion to Govinda’s 2015 fall tour.Words and Photos by Andrew Dolan. Full Gallery: Load remaining imageslast_img read more

Is Your Freelance Business an S-Corp or a C-Corp? Get Ready to File Your Taxes by March 16

first_imgIf your freelance business is structured as an S corporation (S-Corp) or a C corporation (C-Corp) with a December 31 year end, your tax filing deadline is right around the corner—falling on March 16, a full month before your personal taxes are due.If you haven’t started preparing your business taxes yet, don’t panic, but don’t procrastinate either—it’s time to get started, so let’s review what you need to do.Tips for filing your business taxes as an S-CorpHopefully, you made the decision to create your business as an S-Corp, at least in part because you were aware of some of the tax advantages of doing so. One of the major tax benefits of an S-Corp is that it is not subject to corporate tax rates. Instead, the S-Corp passes through profit (or net losses) to shareholders and any business profits are taxed at individual tax rates on each shareholder’s personal return (Form 1040). However, before S-Corp shareholders can report anything on their 1040s, the company must complete and file IRS Form 1120S.Preparing the S-Corp tax return is relatively straightforward—if you have been diligent about keeping accurate financial records for your business. While you can certainly file these forms on your own, you may wish to engage a tax professional to help you analyze your company’s financial statements, maximize tax deductions or credits, and keep you in compliance with the latest IRS regulations applicable to S-corporations.To file an 1120S for your business you will need, at minimum:1. A complete set of financial statements (your income statement and balance sheet);2. Each shareholder’s name, address and social security number;3. A complete transaction history and summary statement of each shareholder’s capital accounts; and4. Copies of your payroll tax returns, W-2 statements, sales tax returns and the amount of federal, state and local taxes your business paid throughout the tax year.You will also need supporting documentation for any deductions on pre-tax expenses you plan to claim such as travel, computers, phone bills, advertising, promotion, car expenses, and health care premiums.Once you have your Form 1120S complete, you will need to prepare a Schedule K-1 for each shareholder. This form is used to report each shareholder’s pro-rated share of net income or loss from your S-Corp, along with various separately stated income and deduction items. Schedule K-1 can also be used to summarize a shareholder’s beginning and ending stock basis for the year.To prepare Schedule K-1 you will need:1. the completed 1120S tax return;2. a complete transaction history and summary statement of each shareholder’s capital accounts; and3. information about each shareholder including their name, address and Social Security numberSchedule K-1 can get complicated in the calculation of your shareholders’ income and expenses, which is based on their ownership of stock in the S-Corp. If your shareholders have owned their S-Corp stock for the entire tax year, it is fairly easy—their stock basis will determine their pro-rated share of income and expenses. It becomes more complex when stocks are bought, sold, or transferred during the year or if a shareholder terminates their entire equity position in the company.Join the nation’s largest group representing the new workforce (it’s free!)Become a memberTips for filing your business taxes as a C-CorpWhile C-Corps and S-Corps have many similarities, they do have some important differences, especially when it comes to filing taxes. Essentially, your C-Corp is a separate tax-paying entity, paying tax at the corporate tax rates. The major disadvantage of a C corporation is the potential for double taxation with profits first taxed to the corporation and then at the shareholder level, if they are distributed as dividends (which are not tax deductible for the corporation).To pay taxes, C-Corps file Form 1120, but do not file separate schedules related to individual shareholder wages or dividends like an S-Corp does. However, there are several other schedules and a wide array of information that a C-Corp must file including (but not limited to) their balance sheet, cost of goods sold, dividends and special deductions, compensation of officers, detail on tax computation (including credits and other taxes) and much more detailed financial data.Given the amount of financial data, the analysis involved, and the additional regulations and requirements imposed on C-Corps by the IRS, the tax returns for these entities can become quite complicated. It is often best to seek professional help to complete your C-Corp tax filings to avoid costly errors, save time and to reduce the risk of future audits and your own frustration levels.Can’t make the deadline? Exhale…and file for an extension.If you don’t feel that you can get all of the information you need to prepare your S-Corp or C-Corp return together and still get it filed by the March 16 deadline you can request an automatic 6-month extension using IRS Form 7004. This will give you until September 16, 2015 to file without penalty…but only if you request the extension in advance. Don’t forget to file for state and local extensions, if applicable, as well.March 16 is just a few short weeks away, so don’t delay it any longer—put filing your business taxes on the top of your to-do list…today!Jonathan Medows is a New York City based CPA who specializes in taxes and business issues for consultants across the country. His website, www.cpaforfreelancers.com, has a resource section with how-to articles and information for freelancers.last_img read more