Connect with us

Companies

Trudeau Says Feds to Create EI-Like Benefit for Gig, Contract Workers

Published

on

OTTAWA—The federal government plans to move as many out-of-work Canadians into the employment insurance system when a key emergency benefit runs out in the fall, and provide an Employment Insurance(EI)-like support for millions who can’t qualify under existing rules.

The change signals a potentially sweeping overhaul to the decades-old social safety net criticized in recent years for not keeping up with a modern labor force marked by increasing contract and gig work.

It was partly because of those holes that the government created the $80-billion Canada Emergency Response Benefit at the start of the pandemic, which is set to wind down over the coming weeks.

Those who already qualify for EI will be moved to that program.

The government is promising a parallel, transitional benefit with EI-like components for those who can’t yet—”and I emphasize yet,” said Employment Minister Carla Qualtrough—get into the EI system. It will include access to training and the ability to work more hours without having as steep a clawback in benefit payments.

The government is also promising to relax EI eligibility rules like the number of hours required to receive support payments.

Speaking Friday morning, Prime Minister Justin Trudeau said the goal is to move everyone receiving CERB to employment insurance, and cover anyone looking for work “with a better, 21st-century EI system.”

Details will be rolled out in the coming weeks.

The government’s most recent CERB figures show $62.75 billion in benefits to 8.46 million people. About half of those recipients have gone to EI-eligible workers.

Those eye-popping numbers were the reason the EI system was shelved in favor of the CERB in March, as federal officials worried the volume of claims would overwhelm the decades-old system.

The government is still expecting millions to be on EI come the fall—about four million, Qualtrough said, adding that the system has been tested and was ready to handle the deluge upon its restart.

“We believe that the CERB has served its purpose and the reason it was created is no longer the main focus of our efforts as a government to support workers,” Qualtrough said during a mid-afternoon press conference.

“We are going to move on to something different.”

The Liberals are hoping the change prods more Canadians to either go back to work or look for a job as the economy moves into what the Bank of Canada has described as a recuperation period before a long, bumpy recovery.

The recuperation appears to have started in May when the economy grew by 4.5 percent, Statistics Canada reported Friday, re-emerging from severe lockdowns in March and April. That figure beat expectations, and a further sign of optimism was a preliminary estimate of 5 percent growth in June, which will be finalized next month.

The national data agency said rebounds in May were seen across multiple industries, including retail trade registered that saw its largest monthly increase since comparable readings began in 1961.

“May’s GDP numbers demonstrate that our economy is rebounding from all-time lows, but the growth numbers we’re seeing simply represent businesses reopening after needed lockdowns,” said Trevin Stratton, chief economist at the Canadian Chamber of Commerce.

Despite the two months of growth after two months of negative readings, Statistics Canada’s preliminary estimate is that economic output contracted by 12 percent in the second quarter compared to the first three months of 2020, which would be a historic drop.

Statistics Canada said economic activity still remained 15 percent below pre-pandemic level despite the gains over May.

Recouping the remaining percentage points will take months, if not longer. Much will rest on how many companies may yet close, how many jobs disappear with them.

“It’s a question of uncertainty at this point and how much damage the shutdowns have done,” said Benjamin Reitzes, BMO’s director of Canadian rates and macro strategist.

“We don’t really have that much information at this point, but if you consider the number of small businesses that are under significant pressure, maybe not surviving this period and the scarring broadly on the economy from things like that … it’s going to take time to recover from that.”

The federal government also announced Friday that it is extending a commercial rent-relief program through August as a lifeline to many small businesses whose revenues, while slowly returning, still lag behind their fixed costs.

So far the program has helped about 63,000 small business tenants through forgivable federal loans totaling $613 million. It is well below what the government hoped when it rolled out the aid.

The Canadian Federation of Independent Business said the announcement is good news for those who can access the program, but called it a “slap in the face” for those whose landlords refuse to apply.

The organization called on the federal government to allow tenants to apply directly for help.

“Rent relief needs an overhaul now,” said Laura Jones, CFIB’s executive vice-president.

By Jordan Press

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Companies

Novartis reshuffles its wild cards; Tough sell for Biogen? Googling proteins; Ken Frazier’s new gig; and more – Endpoints News

Published

on

By

Always remember just how risky it is to gamble big on small studies.

A little more than 4 years ago, Novartis reportedly put up a package worth up to $1 billion for the dry eye drug ECF843 after a small biotech called Lubris put it through its paces in a tiny study of 40 moderate to severe patients, tracking some statistically significant markers of efficacy.

By last fall, the program had risen up to become one of CEO Vas Narasimhan’s top “wild card” programs in line for a potential breakthrough year in 2021. These drugs were all considered high-risk, high-reward efforts. And in this case, risk won.

Endpoints News

Keep reading Endpoints with a free subscription

Unlock this story instantly and join 112,600+ biopharma pros reading Endpoints daily — and it’s free.


Source link

Continue Reading

Companies

Global Gig Economy and Sharing Economy Market 2021 Growth Factors | Strategic Analysis | Increasing Demand With Top Key Players

Published

on

By

Gig Economy and Sharing Economy

The Gig Economy and Sharing Economy research provides a thorough and all-encompassing view of the global industry. The comprehensive research report includes essential data, as well as the market size and share of the global Gig Economy and Sharing Economy industry. Furthermore, the research report provides a clear description of elements influencing the development of the Gig Economy and Sharing Economy market, such as drivers, technological advancements, and current market conditions, among others. It also provides insight into the market’s past and expected future (market size in terms of revenue (in US$ Mn) and volume (thousand units)).

Furthermore, the study estimates the size of the Gig Economy and Sharing Economy market by product category, end-user applications, and leading main regions. A report is an important instrument for highlighting the growth and fruitfulness of the area and assisting in making critical and vital judgments.

Couchsurfing, Lyft, Uber, Door Dash, Airbnb, Uber, Postmates, GoGoGrandparent, BlaBlaCar, Airbnb, Upwork, Task Rabbit, Fiverr, Lyft, SilverNest, Zipcar, Rover is a key player in the Gig Economy and Sharing Economy industry.

Get Exclusive Sample Report + To Know the Impact of COVID-19 on this Industryhttps://www.marketresearchstore.com/sample/gig-economy-and-sharing-economy-market-777334

Various secondary sources are employed to diagnose and collect data for a comprehensive research of the Gig Economy and Sharing Economy industry. For acquiring and studying crucial information and verifying elements of the Gig Economy and Sharing Economy market, key sources include substantial estimations of industry professionals. Furthermore, the global Gig Economy and Sharing Economy market is segmented by type, application, and geography.

The report includes the company profile of Gig Economy and Sharing Economy, product descriptions, and production values, as well as statistical analysis. The study covers the worldwide Gig Economy and Sharing Economy market in its entirety, including its size, production, manufacturing value, loss/gain, Gig Economy and Sharing Economy supply/demand, and import/export. The market study is separated into sections to provide a comprehensive competitive analysis.

The Gig Economy and Sharing Economy market research then depicts the industry’s development patterns. It contains an examination of main resources, downstream applications, and current market trends for Gig Economy and Sharing Economy. Furthermore, before evaluating the advantages, the Gig Economy and Sharing Economy study develops some thorough plans for the current project of the Industry. In other words, the paper provides a comprehensive overview of the Gig Economy and Sharing Economy market, outlining all significant criteria.

The research also contains detailed information on the two most important Gig Economy and Sharing Economy market segments: {Gig Economy, Sharing Economy} and {Shared private car, Shared private residence, Independent contractor, Freelancers}.

Profit, prospective application rate, cost, net, development ratio, level of investments, production, and provision are all estimated in the Gig Economy and Sharing Economy market research report.

Impact Analysis of COVID-19:

The impact of COVID on market growth and development is well illustrated in this research for a better understanding of the Gig Economy and Sharing Economy market based on financial and industrial analyses. The COVID-19 pandemic has impacted a variety of markets, including the worldwide Gig Economy and Sharing Economy market. The dominant companies in the worldwide Gig Economy and Sharing Economy market, on the other hand, are adamant about adopting new tactics and seeking new finance resources in order to overcome the rising barriers to market expansion.

Request Pre and Post COVID-19 Impact Analysis on Gig Economy and Sharing Economyhttps://www.marketresearchstore.com/sample/gig-economy-and-sharing-economy-market-777334

The main goal of Gig Economy and Sharing Economy is to:

– To provide a global market overview for Gig Economy and Sharing Economy.
– To forecast and estimate the Gig Economy and Sharing Economy market based on several categories.
– To present a market size and forecast for the overall Gig Economy and Sharing Economy market connected to important areas in the approaching years.
– To research Gig Economy and Sharing Economy market dynamics that will effect the market over the forecast period, including as opportunities, threats, crucial elements, challenges, and current/future trends.
– To provide an in-depth analysis of all Gig Economy and Sharing Economy regions included in the study.
– To depict the industry’s top Gig Economy and Sharing Economy players, along with their SWOT analyses and Gig Economy and Sharing Economy market strategies.

Inquire To Know Additional List of Market Players Included, Request Here:: https://www.marketresearchstore.com/inquiry/gig-economy-and-sharing-economy-market-777334

Why should you buy Gig Economy and Sharing Economy?

The report uncovers strategically important competition data and perceptions in order to establish unique R&D schemes. The research identifies Gig Economy and Sharing Economy surfacing players with valuable product information and establishes advantageous counter methods to give competitive advantages. Gig Economy and Sharing Economy is also discovering and organising many forms of research under progress. In addition, in the target analytics, it classifies the upcoming new Gig Economy and Sharing Economy players of partners. Furthermore, the Gig Economy and Sharing Economy report enlarges sensible potentials by comprehending key sectors of prominent businesses.

As a result of its comprehension of Gig Economy and Sharing Economy specifics and primitive analysis, it creates remedial norms for forthcoming initiatives. Overall, the Gig Economy and Sharing Economy research provides a thorough examination of the worldwide Gig Economy and Sharing Economy market, as well as important strategies employed by top Gig Economy and Sharing Economy industry competitors and other insights. As a result, the study assists newcomers in assessing the market’s impending events.

About Us

Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations.Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.

Our Research Specialists have thorough knowledge about offerings from different publishers and different reports on respective industries. Our enabled team will help you refine search parameters and get desired results at your fingertips. Apart from the published market research reports, we also provide customized study on any topic to meet the varied and niche requirements of our clients. Whether you are looking for new product trends, competitive analysis or study on existing or emerging markets, Market Research Store has best offerings and expertise to get the critical information for you. You can also choose the option to purchase full reports or sections from the report to match your specific requirements.

https://neighborwebsj.com/

Source link

Continue Reading

Companies

DZS Debuts Latest Innovations including Cloud Analytics Demo and XCelerate by DZS 10 Gig Combo Access Solutions at Fiber Connect 2021

Published

on

By

DZS Cloud Service Management Intelligence demonstration combines advanced connected premises and network operations analytics supported by an open, cloud native architecture

PLANO, Texas, July 23, 2021 (GLOBE NEWSWIRE) — DZS (NASDAQ: DZSI), a global leader in optical and packet-based mobile transport, broadband connectivity and software defined networking solutions, today announced plans to demonstrate its latest innovations at Fiber Connect 2021 Conference & Exhibition, taking place July 25-28, 2021 in Nashville, Tennessee. Visitors to DZS booth #215 will be able to see and interact with DZS hardware and software solutions from across the company’s technology pillars – Orchestration and Analytics, Mobile Transport, Broadband Connectivity, and Edge Access. Highlights include live demonstrations of DZS Cloud Service Management Intelligence, a first glimpse of the company’s big data analytics system with a cloud native architecture that monitors and provides advanced quality-of-service and issue resolution insights into the connected home correlated with access and aggregation networks. A full array of the recently announced DZS XCelerate line of 10 gig-class fiber access cards and systems will also be on display. The DZS Velocity, DZS Chronos, DZS Helix, and DZS Cloud solutions portfolios continue to expand, and the company is proud to be able share its innovations on the Fiber Connect 2021 Expo show floor.

In addition to the live product displays and demonstrations taking place at the DZS booth, Eric Wulfsberg, Senior Director, Product Line Management, Edge Access at DZS, will be presenting in person on Sunday July 25 at 3 pm at the Broadband Forum BASe Future of Fiber Technologies Workshop. As a Silver Sponsor of Fiber Connect 2021, DZS CMO Geoff Burke will be the featured speaker on Monday July 26 at 5:30 pm in the Expo Theater for a 20-minute presentation entitled “XCelerating into the Future with DZS”.

“Fiber Connect is a leading optical fiber business and technology event in the Americas that strategically convenes North American service providers, fiber overbuilders and WISPs to develop the communications industry of tomorrow,” said Andrew Bender, CTO of DZS. “We believe next generation broadband connectivity, mobile and edge transport, and software defined solutions and services are top-of-mind among the Fiber Connect audience; this aligns perfectly with where we as DZS have been focusing our innovation and development energy on a go-forward basis. Since Fiber Connect 2021 marks one of the first U.S. national shows in the communications industry to be back in-person since the COVID-19 pandemic changed the world, we are looking forward to meeting with and demonstrating our latest innovations for our customers, prospective customers and ecosystem partners in-person in Nashville.”

Visitors to the DZS booth will experience first-hand a range of the latest technology innovations:

  • DZS Cloud Analytics: At the center of the DZS booth, demonstrations of the new DZS Cloud analytics and orchestration solutions will show how service providers can optimize and automate their access and edge networks, reducing operational complexity to achieve cost-effective scale. DZS market-leading network orchestration and software automation solutions are gaining traction with service providers around the world and driving transformation to a software defined and automated network in an open and multi-vendor environment. DZS Cloud includes orchestration, access network management and advanced analytics, enabling service providers to efficiently operate their networks and detect issues proactively to avoid service impact.

  • Mobile Transport: The DZS Chronos mobile transport portfolio provides a full range of 5G-ready xHaul (fronthaul, midhaul and backhaul) solutions that are open, software-defined and proven and enable topologies and architectures for Open RAN and Virtual RAN approaches. The new O-series line of environmentally hardened optical transport products will be on display, including the MPX-9103 100G DWDM Muxponder and the modular TMS-1190 Optical Edge Transport Platform, optimized for high capacity and long-reach mobile xHaul scenarios. Also, on display will be the widely deployed C1216RO Open FrontHaul Gateway as well as M-series mobile backhaul products, including M3500 and M1500 cell-site switch / router platforms.

  • Broadband Access: The DZS Velocity Portfolio of broadband access systems, switches and routers, unified by the powerful Software Defined Network (SDN)-enabled operating system sdNOS, provides carriers with extraordinary flexibility with the latest fiber access technologies and software-centric operational models. DZS V-series modular chassis system, as well as new specialized compact form factor XGS-PON and 10 gig access solutions will be shown – all of which are part of the groundbreaking XCelerate by DZS line of 10 Gig solutions.

  • Connected Premises: The DZS Helix Edge Access solutions portfolio of feature-rich ONTs, smart gateways and home Wi-Fi management solutions for residences and enterprises will be on display, ready for emerging 5G, 10 gigabit, Wi-Fi 6-enabled networks. Armed with these intelligent access edge solutions complemented by DZS Cloud, service providers can move beyond traditional triple-play offerings to quickly and efficiently launch, operate, troubleshoot and optimized cutting edge residential and business services.

See you at the show! For more information visit www.DZSi.com.

About DZS
DZS Inc. (NSDQ: DZSI) is a global leader of intelligent, packet-based mobile transport and broadband access converged edge solutions with more than 20 million products in-service with customers and alliance partners spanning more than 100 countries.

DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company’s management as of the date hereof. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company’s SEC filings available at www.sec.gov, including without limitation, the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and subsequent filings. In addition, additional or unforeseen affects from the COVID-19 pandemic and the global economic climate may give rise to or amplify many of these risks. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. DZS undertakes no obligation to update or revise any forward-looking statements for any reason.

For further information see: www.DZSi.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/

Press Inquiries:
McKenzie Hurst, Thatcher+Co.
Mobile: +1 408.888.6787
Email: mhurst@thatcherandco.com



Source link

Continue Reading

Trending

Copyright © 2019 Gigger.news.