G7 ‘will not call for fiscal or monetary support’ in coronavirus statement

first_img“The expectation of a sharp rise in monetary and fiscal stimulus provides plenty of short-term optimism, yet pessimists will likely wait for that initial bullish wave to pass before once again hitting the sell button should the virus continue to spread,” said IG senior market analyst Joshua Mahoney.  Finance ministers and central bank governors from the G7 are due to issue a statement following a conference call on the epidemic at midday, but a draft statement does call for concrete fiscal or monetary measures, according to Reuters.  G7 member Italy is the epicentre of the coronavirus outbreak in Europe (AFP via Getty Images) Also Read: G7 ‘will not call for fiscal or monetary support’ in coronavirus statement whatsapp Show Comments ▼ Anna Menin G7 countries are set to pledge to work together to mitigate the damage caused to their economies, one official told Reuters.  G7 member Italy is the epicentre of the coronavirus outbreak in Europe (AFP via Getty Images) The G7 nations will voice their determination to combat the economic impact of the coronavirus outbreak, but reportedly will not directly call for new government spending or coordinated interest rate cuts.  Tags: Coronavirus “At this stage, I don’t think the G7 are willing to show their stimulus hand and are holding back the fiscal cannons for a later date once they can better quantify the supply-side shock from Covid-19,” said Axitrader chief market strategist Stephen Innes.  Sharecenter_img Another source said G7 members would voice their determination for joint coordinated action, if required, to limit the impact on the global economy.  Both sources told the news service that the group would stop short of directly calling for fiscal and monetary measures.  The call has been convened as the worsening coronavirus epidemic, which has now claimed over 3,100 people, stokes fears of a possible global recession. News of the draft statement will come as a disappointment to some investors, who had been hoping the G7 would announce more explicit measures. Tuesday 3 March 2020 10:31 am G7 ‘will not call for fiscal or monetary support’ in coronavirus statement whatsapp G7 member Italy is the epicentre of the coronavirus outbreak in Europe (AFP via Getty Images) Also Read: G7 ‘will not call for fiscal or monetary support’ in coronavirus statement “We are still very much at the beginning of the outbreak. And it is not yet possible to predict how the epidemic will develop. So the impression is that it’s still too early for such a step,” one source said. last_img read more

The Queen will address the nation for VE Day

first_img whatsapp The Queen’s VE Day speech will be her third address to the nation since the coronavirus pandemic began (AFP via Getty Images) He added that any changes in the short term will be “modest, small, incremental” and closely monitored. The Queen’s VE Day speech will be her third address to the nation since the coronavirus pandemic began (AFP via Getty Images) Also Read: What time is the Queen’s VE Day speech? Friday 8 May 2020 9:50 am The Queen’s televised address will be aired at 9pm. It will be shown simultaneously on BBC One and ITV1. It will also be streamed on BBC iPlayer and ITV Hub. At around 3pm, extracts from then-Prime Minister Winston Churchill’s 1945 victory speech will be aired on BBC One. What time is the Queen’s VE Day speech? For Queen Elizabeth today day holds special significance. It was 75 years ago that her father George VI addressed the country on the radio as the war in Europe came to a close. The commemorations come ahead of an expected easing of the coronavirus lockdown. However, the government has warned that only minor changes will be made. Foreign secretary Dominic Raab confirmed yesterday that Johnson will on Sunday lay out a “roadmap” for lifting restrictions. whatsapp Show Comments ▼ “We are a free people because of everything our veterans did –  we offer our gratitude, our heartfelt thanks and our solemn pledge: you will always be remembered.” center_img The Queen’s VE Day speech will be her third address to the nation since the coronavirus pandemic began (AFP via Getty Images) Also Read: What time is the Queen’s VE Day speech? The Queen will address the nation today for the 75th anniversary of VE Day, although celebrations will be muted with the country in lockdown due to coronavirus. Share Despite the pandemic, Royal Air Force jets will fly over the UK’s four capitals to mark Victory in Europe day, when Nazi Germany surrendered during World War II. Prime Minister Boris Johnson will also deliver a televised message to the nation to mark the national holiday. He will also speak to a veteran on a video call. Johnson said: “Today we must celebrate their achievement, and we remember their sacrifice.” Harry Robertson What time is the Queen’s VE Day speech? It is rare for the 94-year-old Queen to speak directly to the country. Yet as coronavirus has killed tens of thousands of Britons she has already addressed the public twice since the pandemic began. “My dear friends, this is your hour,” Churchill said on 8 May 1945. “This is not a victory of a party or of any class. It’s a victory of the great British nation as a whole.” Commemorations will begin at 11am, when the Queen’s son Prince Charles will lead a two-minute silence.last_img read more

Murkowski, Sullivan split over Senate health care vote amid dramatic protests and debate

first_imgEconomy | Federal Government | Health | PoliticsMurkowski, Sullivan split over Senate health care vote amid dramatic protests and debateJuly 25, 2017 by Liz Ruskin, Alaska Public Media Share:Sen. Elizabeth Warren, D-Massachusetts, addresses a crowd outside the U.S. Capitol in Washington protesting the Republican health care bill on Tuesday. (Creative Commons photo by kellybdc)It was a dramatic day in the U.S. Senate today with a vote to advance a Republican health care bill. Alaska’s two senators split their votes. Both said the outlook for the bill is uncertain.Protesters in the gallery chanted “Kill the bill! Don’t kill us!” and “Shame! Shame!” before they were escorted out individually. It took a while. Their chants reverberated in the chamber. Inside, the senators sat grim-faced as the roll was read.U.S. Sen. Lisa Murkowski, R-AlaskaAlaska Republican Sen. Lisa Murkowski’s answer was barely picked up by the microphone, but it was heard loud and clear across the Capitol. On whether to begin to debate a bill that would repeal and replace the Affordable Care Act, she and Sen. Susan Collins of Maine were the only Republicans to vote no. That meant a 50-50 tie, which the vice president broke, keeping the bill in play.Murkowski said this isn’t the way to pass a health care bill, with no hearings and major elements of the bill still in flux.“Look, we need to get the work done,” Murkowski told reporters later. “But it’s more important to get the work done right, that substance matters when it comes to health care reform.”She said she’s well aware that Republicans back home are disappointed in her. Alaska Republican Party Chairman Tuckerman Babcock wrote a letter to both senators over the weekend, reminding them that repealing the ACA was central to the Republican agenda. Conservatives on social media have been less decorous.Murkowski said she wants health care reform, too, but she said this bill isn’t ready for debate on the Senate floor.“At the end of the day, I’m looking at it through the lens of, what do I think of what is best for Alaskans?”Her “no” vote was somewhat overshadowed by the return of Sen. John McCain, fresh from surgery and a diagnosis of brain cancer. The Arizona Republican arrived long after the voting had started, to applause from both sides of the aisle. With a raw scar over his left eye, McCain said the process the bill went through was wrong. It was crafted among Republicans behind closed doors, and McCain said they tried to convince skeptical colleagues it was better than nothing.“Better than nothing?” McCain asked. “Asking us to swallow our doubts and force it passed a unified opposition — I don’t think that’s going to work in the end, and probably shouldn’t.”McCain said it was wrong when Democrats pushed the Affordable Care Act through with no Republican votes, and it’s wrong to do the same to them now.“Hold hearings, try to report out a bill with contributions from both sides. ”McCain’s stance on the process was the same as Murkowski’s, but he cast the 50th vote in favor of the procedural motion. He said he wanted debate to begin and to start amending the bill.Sen.Dan Sullivan, R-AlaskaAlaska Republican Sen. Dan Sullivan also voted yes. He said it’s just a starting point.“The status quo is unacceptable,” Sullivan said. “In beginning the process — which is bipartisan now — you’re going to see amendments on both sides, and debate on both sides — is important. It’s what I committed to and it’s why I voted that way.”He said he’s been working behind the scenes to make the Senate proposal better for Alaska. Among other things, he said he’s working with other senators on an amendment to help people who would lose Medicaid coverage, and on providing treatment for opioid addiction and mental health.Now the Senate will log 20 hours of debate.Technically they voted to debate the bill the House passed, but Tuesday night, Senate Majority Leader Mitch McConnell, R-Kentucky, submitted a substitute, a version of the Better Care Reconciliation Act. Sullivan voted for it, Murkowski against. The amendment failed, with Republicans from right and center voting it down.Share this story:last_img read more

Canadian firms risk missing out on young investors: study

first_imgsocial media iStockphoto.com / Alessandro Biascioli Advisor value increased more than 1% in 2020: report Facebook LinkedIn Twitter Keywords Wealth management,  Investor sentiment,  Millennials,  Client engagement Related news Canadian wealth managers are leaving many clients’ needs unmet and risk overlooking the next generation of investors, said a new study from research firm J.D. Power.Only 36% of investors say their wealth management needs are completely being met by their firm, according to the J.D. Power 2021 Canada Full-Service Investor Satisfaction Study released Thursday. The study — based on responses from 3,577 investors who make some or all of their investment decisions with a financial advisor — was conducted between December and February. It measures investor satisfaction based on people, trust, products and services, value for fees and problem resolution, among other factors.Investors who are offered advanced services such as estate planning and philanthropic giving are more satisfied, the study found, with 43% saying their needs are being met.J.D. Power warned that wealth management firms risk alienating younger investors, in particular. Fewer than one-quarter of investors under 40 see a clear commitment to ethical investing from their firm, while almost half have doubts about their firm’s commitment to environmental, social and governance (ESG) investing.“We are at the tipping point of a massive generational wealth transfer,” said Mike Foy, senior director and head of wealth intelligence at J.D. Power, in a release. “Investors in Canada — especially younger ones — increasingly want their investments to align with not only their financial goals but also their values. Wealth management firms and advisors have a critical role to play in helping them do this, and they can’t afford to wait for clients to ask them about it.”Young investors who strongly believe their firm is committed to ESG investing are far more likely to increase their investments and act as brand ambassadors, the study found.J.D. Power also ranked Canadian firms based on investor satisfaction.CI Assante Wealth Management topped this year’s list, followed by National Bank Financial, iA Private Wealth, RBC Dominion Securities and Edward Jones. IE Staff Want your advice to stick? Consider your client’s personality Share this article and your comments with peers on social media Younger homebuyers more willing to fight bidding wars: surveylast_img read more

Property Council calls on parties to back prosperity pipeline

first_imgProperty Council calls on parties to back prosperity pipeline The Property Council has written to Labor leader Rebecca White and Liberal leader Peter Gutwein calling on them to support the Property Council’s bold plan to support the Tasmanian economy.Property Council of Australia’s Tasmanian Division Executive Director, Rebecca Ellston said the Property Council’s plan would help support the property industry which is a major contributor to Tasmania’s economy.“Tasmania’s property industry generates $3 billion in economic activity and supports more than 24,000 jobs. If Labor and the Liberals are serious about growing the economy and creating jobs then they need to get behind our plan.“We stand ready and willing to help the next government build back better and stronger with a strategic vision for Tasmania’s growth.“Our priorities cover five areas:Streamlining planning processes to drive growthSupport infrastructure to drive development Eliminate disproportionate property taxationPopulation growth to drive economic activityTransport infrastructure“Our election priorities are a common sense approach and will help Tasmania reach its full potential over the coming years.“In all there are 16 specific priorities that we have outlined and I have asked both major parties to respond to each of them.“I look forward to receiving responses from Mr Gutwein and Ms White and I will share those responses with my members and also the public via our website.”Ms Ellston said the complete priorities document is available on the Property Council website: https://www.propertycouncil.com.au/Web/Advocacy/State_Advocacy/Tasmania/ /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. 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:Australia, council, director, Economy, election, Government, industry, infrastructure, jobs, property, Property Council of Australia, real estate, Tasmania, Tassie, tax, Transport, websitelast_img read more

Lots Of Activities In Store For Arriving CU-Boulder Students

first_imgWhile they’re still unpacking and finalizing class schedules, new and returning students at the University of Colorado at Boulder will be able to participate in a wide range of welcome activities aimed at helping them learn about the campus and have fun in the process. Classes begin at 8 a.m. on Monday, Aug. 26. Leading up to that date are dozens of events ranging from late-night movies and hiking the Flatirons to bicycle tours of Boulder and several events for foreign and minority students. Although most students already have registered, some new freshmen and transfer students who are attending the final orientation session Aug. 20-22 also will be registering for classes. Class registration must be completed online by 5 p.m. Aug. 23. After Aug. 23, registration will only be accepted on a space-available basis, and a $50 fee will be charged for registering late. All new students living in residence halls — primarily freshmen — will meet in their respective residence hall lobbies from 7 p.m. to 9 p.m. on Tuesday, Aug. 20, for Housing Orientation. Resident Advisors in each of the halls will meet with new students to talk about residence hall life and answer questions. Chancellor Richard Byyny will address new students in the Chancellor’s Convocation at Norlin Quadrangle on Friday, Aug. 23, at 5:30 p.m. to be followed by an informal dinner. The convocation is mandatory for all new CU-Boulder students. Following the convocation, students are invited to the University Memorial Center student union for free entertainment, including live bands, free pool, free bowling and a comedy troop.  Highlights of other activities planned for the week preceding classes from Aug. 20 through Aug. 26 follow.* Aug. 21 from 7 p.m. to 11 p.m. Each residence hall will be host to various social activities for residents such as trips to Pearl Street, night hikes, ultimate Frisbee and volleyball.* Aug. 22 from 1 p.m. to 4 p.m. Foreign Student and Scholar Services scavenger hunt will meet in the Environmental Design Building basement. Members of the Cosmopolitan Club and international peer mentors will take international students on a tour of the main buildings on campus followed by a scavenger hunt.* Aug. 22 from 2 p.m. to 3 p.m. The Environmental Center will meet up with students in room 355 of the University Memorial Center for the Boulder Bicycle Tour, leading new students on a tour of the bike path network on campus and in the surrounding Boulder community.* Aug. 22 from 5:30 p.m. to 10 p.m. The Cosmopolitan Club and the international peer mentors will meet at Martin Park for a Foreign Student and Scholar Services International Barbeque Picnic.* Aug. 22 from 8:30 p.m. to 1 a.m. New students are invited to explore recreation options, fun casino games and other entertainment at the Rec Center Late Night and Residence Hall Association Casino Party.* Aug. 23 from 1 p.m. to 4 p.m. A New Student Welcome Carnival on Farrand Field will be the place for students to find out about student clubs and organizations, what they do and how to join. Food and games will be included.* Aug. 23 from 6 p.m. to midnight. Students are invited to hang out at the UMC Welcome Fest where they can check out a fusion of entertainment with live bands, free bowling and live comedy.* Aug. 23 at 10 p.m. New students can hang out on Farrand Field under the stars to watch “American Pie” and “American Pie 2.”* Aug. 24 at 10 a.m. Students can join the Herd Student Alumni Association at Koenig Alumni Center for a hike to the third Flatiron and back for lunch.* Aug. 24 from 2 p.m. to 5 p.m. The Foreign Student and Scholar Services Gathering on Observatory Field is a great way for international and U.S. students to meet and participate in soccer, volleyball, Frisbee and more. For more details check the Web at www.colorado.edu/StudentAffairs/nsw. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Aug. 13, 2002 last_img read more

Tort legislation moves in the House Civil Justice Subcommittee

first_img A House panel has signed off on a tort measure that would limit medical expenses admitted into evidence in personal injury claims to “usual and customary” rates.The House Civil Justice Subcommittee voted 10-4 on January 29 to approve HB 9 by Rep. Tom Leek, R-Daytona Beach.Leek said the measure is designed to curb a cottage industry that has grown up around “letters of protection.” The arrangements involve doctors agreeing to receive payment from the proceeds of a lawsuit.Most lawyers and doctors are ethical, but letter-of-protection abuse is a “perversion” that “undermines our very justice system,” Leek said.He cited one letter of protection arrangement that billed $80,000 for a procedure that would normally garner a $4,000 Medicaid reimbursement, or an $8,000 Medicare reimbursement, or a $23,000 reimbursement from private insurers.“Certain doctors are charging five, six, seven, 10 times of…what they actually receive to get that injury fixed,” Leek said.Artificially inflated medical costs lead to unfair recoveries, Leek said, and that contributes to increased litigation costs that slow economic growth.Tort reform supporters cite studies by the Institute for Legal Reform, an arm of the U.S. Chamber of Commerce, that claims Florida has the “fifth-worst tort-liability system” in the nation.Business groups also point to an American Tort Reform Foundation annual report that put Florida on a “Watch List” and claims the state has a history of “abusive litigation or troubling developments.” The studies claim “excessive tort costs” were responsible for $7.6 billion in direct costs, $11.8 billion in lost annual output and nearly 127,000 jobs.Leek’s proposal would require that evidence regarding past, present, or future medical expenses admitted into evidence in personal injury claims “must be based on the usual and customary amounts received by a service provider for the same or similar services in the community where the medical expenses are, or are reasonably probable to be, incurred.”A second provision of HB 9 says, “Evidence of usual and customary amounts received may not include evidence of increased or additional charges based on the outcome of litigation.”Lauren McBride, director of risk management for Lakeland-based Publix Supermarkets, told the committee that the proposed bill would make the tort system more fair.McBride said Publix has more than 450 cases in litigation in the states where it does business, and in Florida, 61% of the claims involve letters of protection.Of those cases, McBride said, “Sixty two percent have health insurance but choose not to use it because, we believe, they are being told not to use their health insurance by their attorneys who are sending them to doctors that they have relationships with, and juries should know about that.”Inflated medical expenses have an even larger impact on the outcome of personal injury claims because lawyers often multiply medical expenses to suggest non-economic damages, McBride said.A third and final provision of HB 9 states, “If the claimant is entitled to reimbursement through any public or private health insurance or governmental health coverage, the amounts paid or payable under the insurance or governmental health coverage shall be considered the usual and customary rates received for purposes of this subsection.”Tiffany Faddis, an Orlando attorney who represents the Florida Justice Association, said any hint that a plaintiff has health insurance coverage would be “highly prejudicial.”“Insurance doesn’t come in, just like the defendant doesn’t have to disclose that they have liability coverage,” Faddis said.The legislation is unnecessary, Faddis said, because juries often hear evidence from medical billing experts who describe usual and customary rates.“I do want to stress to the committee that in the state of Florida, our jury system works,” she said. Tort legislation moves in the House Civil Justice Subcommittee Jan 30, 2020 By Jim Ash Senior Editor Top Storieslast_img read more

Gardai in Letterkenny to launch new neighbourhood watch schemes tonight

first_img Journey home will be easier – Paul Hegarty WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR By News Highland – February 28, 2017 Google+ Twitter Homepage BannerNews Arranmore progress and potential flagged as population grows Facebook News, Sport and Obituaries on Monday May 24th Pinterestcenter_img Google+ Important message for people attending LUH’s INR clinic Facebook Harps come back to win in Waterford Previous articleFarmers must not be left behind by Brexit – McConalogueNext articleBus Eireann to close Derry – Dublin route as part of cost saving measures News Highland Gardai in Letterkenny to launch new neighbourhood watch schemes tonight DL Debate – 24/05/21 WhatsApp Pinterest An Garda Siochana are launching several new neighbourhood watch schemes in Letterkenny later tonight. The event takes place in the Station House Hotel at 7.30pm and will include several guest speakers to give an outline of the importance of such a scheme to an area.The following Schemes will be launched on the night.1. The Elms, Willowbrook2. Glenoughty Close3. Ballyraine Park4. Orchard Grove5. Garage Court6. Newbrook Court7. Fairgreen Hill8. Fairgreen Park9. Solomans Court 1-32Crime Prevention Officer Sgt. Paul Wallace says it’s important for residents to attend:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/02/paulwallace.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

New issue: Inspiring interview with Kolisi

first_img‘ In an exclusive interview with Siya Kolisi, who is on the cover of the latest SA Rugby magazine, the Springbok captain opens up about key issues that are bravely being tackled.For this issue, SA Rugby magazine was privileged to speak with Kolisi in a powerful, exclusive interview in which he and wife Rachel discuss their experiences during this time of lockdown.The inspiring outreach of the Kolisi Foundation has touched the lives of countless South Africans in need, while the Springbok captain also shares his views on gender-based violence and the Black Lives Matter movement.It’s a raw, powerful message that needs to be heard.Subscribe hereIn South Africa, projections of a return to play have remained ever changing. Yet, this time away from the game has provided a platform to take a closer look at some vitally important off-field subjects.Slowly but surely, though, we have been able to enjoy the return of some live action and from mid-August a number of SA rugby’s overseas-based stars will return to the field as the English Premiership resumes with a clash between Harlequins and the Sale Sharks.During an online conference with local media in July, SA Rugby CEO Jurie Roux perhaps summed things up best when he commented: ‘If anyone thinks rugby, and particularly international and domestic action, will return to anything that’s close to the format that existed at the start of 2020, you’d be making a big mistake!’Indeed, the game remains in flux and as we investigate, the only thing certain is that the rugby landscape will continue to undergo regular revision and restructuring.Meanwhile, we take a closer look at what makes World Cup-winners Elton Jantjies and Lukhanyo Am such special players, and hear from Bok coach Jacques Nienaber, who has faced plenty of unexpected curve balls in his first year in the top job.Cheetahs stalwart Oupa Mohoje also opens about mental health and his recovery from an injury that tested his resolve, while Kings veteran Schalk Ferreira shares his experiences from a colourful career.On the international front, we have interviews with Wallabies coach Dave Rennie, New Zealand superstar Mark Telea and rugby union convert Semi Radradra.Enjoy the read and, most of all, stay safe!– Craig Lewis 熱門話題對肚腩脂肪感到後悔!試了在萬寧賣的這個後…熱門話題|SponsoredSponsoredUndo  57  19 New issue: Inspiring interview with Kolisi ‘ ‘ From the magazine: Jano Vermaak names his Perfect XVSA Rugby MagUndo The Family Breeze餐桌上嘅敵人: 十五種最致命嘅食物The Family Breeze|SponsoredSponsoredUndo Posted in Features, SA Rugby mag, Springboks, Teams, Top headlines center_img Five one-cap Boks that could still represent South AfricaSA Rugby Magazine takes a look at five players who have only represented South Africa once but might do so again in the future.SA Rugby MagUndoLife Exact BrazilGrace Jones Is Now 72 Years Old, This Is Her NowLife Exact Brazil|SponsoredSponsoredUndoCNAHow is life for Cambodian boy linguist after viral fame?CNA|SponsoredSponsoredUndoMoneyMorningPaperThe 10 Richest Families Of The World. Especially No. 6 Is A Complete Surprise.MoneyMorningPaper|SponsoredSponsoredUndoSumabisThis Is What Happens To Your Body If You Sleep With Socks OnSumabis|SponsoredSponsoredUndoAlphaCuteOprah’s New House Cost $90 Million, And This Is What It Looks LikeAlphaCute|SponsoredSponsoredUndo BuzzAura16 Cancer Causing Foods You Probably Eat Every DayBuzzAura|SponsoredSponsoredUndo The latest SA Rugby magazine ‘ ‘ Post by Craig Lewis Published on August 14, 2020 ‘ Loans | Search AdsLooking for loan in Hong Kong? Find options hereLoans | Search Ads|SponsoredSponsoredUndoWorld Cup-winning Bok quartet in Eddie Jones’ all-time XVSA Rugby MagUndoWatch: Kolbe makes Test players look amateur – Ugo MonyeSA Rugby MagUndoGoGoPeak10 Most Beautiful Cities You Should Visit Once In Your LifetimeGoGoPeak|SponsoredSponsoredUndolast_img read more

Transit Coalition Rallies Against MARTA Restructuring Bill

first_img Share Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility For Whom The Bell Rings Add to My List In My List Related Stories MARTA’s employee union, some state lawmakers, and advocacy groups rallied Tuesday at the Capitol against a bill that would partly privatize MARTA and force several other reforms, including major cutbacks to employee health and pension benefits.The bill’s supporters say reform is necessary to stabilize the finances of the transit agency, which is currently operating at a $30 million deficit. But Prince Sanders, a 14-year veteran of MARTA, said the bill is a power play by state lawmakers to take over the system and enrich outside business interests.“It’s been a systematic plan for a long time now to get MARTA. It’s the money, it’s all about the money, it ain’t about the people.”Larry Hanley, the national head of the Amalgamated Transit Union, which represents about two-thirds of MARTA employees, said he’d be devoting whatever resources necessary to fighting the bill.‘The message simply is we’re not going away and if they somehow – through some perverted acts in this statehouse – win this battle, we’ll be back the next day to keep fighting and we’re not going to stop fighting until we win.”Hanley says several provisions in the bill violate federal collective bargaining rules, and he says if the bill is passed in current form, a lawsuit is almost definite.The bill’s sponsor, State Representative Mike Jacobs (R – Brookhaven), could not be reached for comment.The bill has so far cleared the House and is due to be discussed in a MARTA legislative oversight committee Wednesday morning. ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Partylast_img read more