FRP Advisory has been appointed as administrator to Wigan-based biscuit manufacturer Rivington Biscuits Limited.The biscuit company said it was left with “no viable alternative other than to seek the protection of administration”, as a result of “particularly challenging trading conditions”.Russell Cash and Ben Woolrych, partners at FRP Advisory, have been appointed as joint administrators to Rivington Biscuits. The joint administrators said in a statement that they “are trading the business to fulfil current orders while marketing for sale the business and assets”.The company is best known for its wafer biscuits, which include the popular pink wafer biscuits made for supermarket own-labels. They are also sold under the Pink Panther brand.At the point of administration on 13 December the company employed 123 staff, 99 of which have now been made redundant. The remaining 24 staff will be assisting the administrators with ongoing trading.The statement from FRP Advisory said: “Rivington Biscuits experienced particularly challenging trading conditions over the past year, resulting in significant pressure on profit margins and cash flow.“The problems were compounded by the sharp decline in the value of the pound against the euro. The company was left with no viable alternative other than to seek the protection of administration while a long-term solution can be explored, including marketing the ongoing business and assets in the interests of all stakeholders.”Russell Cash, joint administrator and partner at FRP Advisory, said: “A sustained deterioration in trading conditions and significant additional pricing costs since the summer following the sharp fall in the value of the pound, left the business facing unsustainable cash-flow pressure.“Rivington Biscuits continues to trade through administration, but with a reduced staff base in order to fulfil current orders into the new year.” read more
Despite receiving funds from the American Recovery and Reinvestment Act of 2009, state fiscal conditions deteriorated for nearly every state during fiscal 2009, according to the National Governors Association (NGA) and the National Association of State Budget Officers (NASBO). The nationwide shortfall is expected to be $200 billion over the next three years.In the biannual report released today, The Fiscal Survey of States, NGA and NASBO found the economic recession, which began in December 2007, has significantly dampened the outlook for upcoming fiscal years, with more than half of states experiencing negative budget growth in fiscal 2009 and nearly three-quarters recommending fiscal 2010 budgets with negative growth.In fiscal 2009, state general fund expenditures declined 2.2 percent—the first decline in actual state general fund spending since 1983. Likewise, governors’ recommended budgets for fiscal 2010 represent a 2.5 percent decrease in general fund expenditures, which would mark the first time actual state spending declined two years in a row. The weakening of state fiscal conditions means that between fiscal 2009 and 2011, states must fill more than $183.3 billion in budget gaps, after previously closing gaps totaling $46.2 billion. More than three-quarters of states already have cut their enacted fiscal 2009 budgets by $31.6 billion through strategies such as targeted budget reductions and furloughs.Expenditure pressures will continue to grow as the demand for state services such as Medicaid, unemployment and welfare increases in conjunction with growing unemployment. In addition, states must continue to deal with looming long-term issues such as funding pensions, employee health care and maintenance and repair of infrastructure.“States economies lag behind the national economy during economic downturns. Fortunately for states, Congress timed the stimulus package so that some drastic budget cuts and revenue increases in fiscal 2009 were avoided,” said NGA Executive Director Raymond C. Scheppach. “In this past year, governors have worked hard to balance the budget by cutting spending first, while protecting services like Medicaid and education. Unfortunately because of steep declines in state revenues, they cannot rely on cuts alone; states must find new revenue sources for fiscal 2010.”State revenue collections were down 6.1 percent in fiscal 2009, with two states exceeding their original revenue projections, 10 states meeting their projections and 30 states falling below their projections.“Revenues have come in below even the most pessimistic forecasts,” said NASBO Executive Director Scott D. Pattison. “Plunging revenues have caused the unraveling of state budget plans, continuing to force states to make painful decisions.”Total year-end balances—ending balances and the amounts in budget stabilization funds—are resources for states during fiscal downturns and to address budget shortfalls. Following the last recession, states rebuilt year end balances to a peak in 2006 of $69 billion—nearly 11.5 percent of expenditures. Fiscal 2008 balances declined slightly to 9.1 percent of expenditures. However, balance levels have fallen significantly during fiscal 2009 to 5.5 percent of expenditures and are projected to drop to 5.3 percent of expenditures based on governors’ recommended fiscal 2010 budgets.This edition of The Fiscal Survey of States reflects actual fiscal 2008, estimated fiscal 2009 and recommended fiscal 2010 figures. The data were collected during spring 2009.Founded in 1908, the National Governors Association (NGA) is the collective voice of the nation’s governors and one of Washington, D.C.’s most respected public policy organizations. Its members are the governors of the 50 states, three territories and two commonwealths. NGA provides governors and their senior staff members with services that range from representing states on Capitol Hill and before the Administration on key federal issues to developing and implementing innovative solutions to public policy challenges through the NGA Center for Best Practices. For more information, visit www.nga.org(link is external).Founded in 1945, the National Association of State Budget Officers (NASBO) is the instrument through which the states collectively advance stage budget practices. The major functions of the organization consist of research, policy development, education, training, and technical assistance. These are achieved primarily thought NASBO’s publications, membership meetings, and training sessions. Association membership is composed of the heads of state finance departments, the states’ chief budget officers, and their deputies. All other state budget office staff are associate members. NASBO is an independent professional and education association and is also a self-governing affiliate of the National Governors Association.For more information, visit www.nasbo.org(link is external). read more
2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit union leaders need to stop making excuses, “put on their big boy pants,” and embrace innovation, Gary Vaynerchuk says.That was just some of the tough love the best-selling author and serial entrepreneur dispensed during an entertaining “fireside chat” at CO-OP Financial Services’ THINK 16 Conference.Vaynerchuk fielded a wide variety of questions from the audience and conference co-hosts Sara Critchfield, founding editorial director of Upworthy, and digital strategist Scott Bales.Some of Vaynerchuk’s insights:On innovation: “I try to replicate the behavior that would put me out of business. Too many people use compliance as an excuse for not doing what they should be doing. At the end of the day, you need to put on your big boy pants and try to make it happen.”On being a CEO: “It’s lonely. Hard. Being an entrepreneur, if I stink we go out of business. I say that everything that is wrong with my company is my fault because I empower it. I love the action—it’s my oxygen. It’s in my DNA but it’s not easy.” continue reading » read more
Thirty-seven years ago, when I represented the city of Schenectady in all of its labor matters, I was shocked to discover that no one had ever “costed out” the price of labor. The range ran from about 27 percent over base salary for blue collar workers to about 87 percent for police and fire, with benefits, including health insurance, sick leave, workers’ compensation, retirement pay and other state or federal mandated expenses. So when the City Council and the mayor consider the city budget, they must consider whether overtime actually decreases that percentage, as opposed to new hires, along with the other services the municipality must provide.It takes about two years for a new police officer to be fully capable on the street — six months of school, then ride-alongs and on-the-job training. That, of course, doesn’t speak to deployment: the need for detectives and the overtime generated when there’s a particularly heinous crime or the urgent need for boots on the street during special events and protests.We all want the protective services, police, fire, paramedics, correctional officers and others. Are people willing to pay for full staffing? (The chief says 14; my estimate is 20 or 25 more officers.) Would everyone pay an extra $100 per year in taxes if it meant prompter response times? And how does that impact any tax cap or other services that municipalities must provide? And what about the added expense of more police cars or fire equipment?Bruce S. TrachtenbergNiskayunaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?Niskayuna girls’ cross country wins over Bethlehem Categories: Letters to the Editor, OpinionOnce again, The Gazette headlines police overtime, sensationalizing the incomes of a few, without delving into the cost-benefit analysis and germane factors, and only touching lightly upon under staffing. read more
December 23, 2016 Economy, Government That Works, Press Release, Results Harrisburg, PA – Today, Governor Tom Wolf announced the approval of more than $17.8 million in tax credits to support 114 community investments through the Neighborhood Assistance Program (NAP).“The Neighborhood Assistance Program provides tax credits to encourage businesses to invest in projects that improve distressed areas, promoting a shared belief that thriving neighborhoods are a cornerstone of Pennsylvania’s success,” said Governor Wolf. “The continually strong applicant pool and participation levels of this program demonstrate both its demand and the importance of the positive impacts it creates across the commonwealth.”Administered by the Department of Community and Economic Development, NAP provides tax credits to encourage businesses and community organizations to invest in projects that serve distressed areas or support conservation efforts.Last fiscal year, DCED supported 100 projects throughout the commonwealth. Complementing the nearly $18 million in tax credits awarded, more than $60 million in additional funds were leveraged by corporate contributions. This year’s participation is likely to leverage similar results.Strong participation in NAP was witnessed in 2016, with a robust applicant pool of more than 200 for the 2016-17 funding cycle.NAP has five main components, including the Neighborhood Assistance Program (NAP), Special Program Priorities (SPP), the Neighborhood Partnership Program (NPP), the Charitable Food Program (CFP), and the Enterprise Zone Program (EZP). A description of each of these components is available within the NAP Guidelines.For a complete list of approved Neighborhood Assistance Program awards or additional information on NAP, visit dced.pa.gov/nap.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Governor Wolf Announces Approval of Funding to Support Community Investments through Neighborhood Assistance Program SHARE Email Facebook Twitter read more
Batesville, IN—Congratulations to Batesville Area Chamber of Commerce on their 100th year in business. Last evening at the Batesville Area Chamber Annual dinner, they received a commemorative plaque that was presented by State Senator Jean Leising for the achievement. Also congratulations to award recipients Mary Dickey for the Distinguished Service award, Paul Ketcham for Educator of the Year award, Kim Linkel for the Volunteer of the Year award, and the John A Hillenbrand Foundation for Organization of the Year award. There was a large crowd in attendance at the Knights of Columbus to celebrate the 100 years of business in Batesville. The evening started with drinks and networking, followed by dinner, award presentations, and then ended with the raffle winners.
Luis Suarez scored four goals after a rare Lionel Messi header as Barcelona defeated Sporting Gijon 6-0 to stay atop La Liga, while title rivals Atletico and Real Madrid also won on Saturday.Messi’s goal came in the 12th minute but had a bit of controversy as Sporting keeper Ivan Cuellar punched away a lofted ball and then collided with the oncoming Luis Suarez. Referee Clos Gomez allowed play to continue and Messi headed into the vacant net for his first headed goal in all competitions this season.Sporting were again upset with Gomez just before the break when Barcelona cleared the ball off their goal line twice. The second clearance came off the arm of Gerard Pique, but the referee stayed silent.Suarez scored Barca’s second goal on 64 minutes as Messi played through Andres Iniesta, who passed across for the Uruguayan to tap in. And he took the lead over Cristiano Ronaldo in La Liga’s scoring charts with a pair of penalties.Neymar added a third Barcelona penalty after Ognjen Vranjes’ 84th-minute red card, and Suarez found his fourth of the night with a near-post strike two minutes from time.There are only three games remaining for the title contenders as Barcelona and Atletico are level on 82 points, with Barca ahead on the head-to-head tiebreaker and Real Madrid only a point behind. Gareth Bale inspired Real Madrid to come from two goals down to win 3-2 at Rayo Vallecano in a testing workout ahead of the Champions League clash with Manchester City.Madrid were without Cristiano Ronaldo for the first time in a Primera Division game this season, due to a thigh problem, and their title bid looked in tatters when Adrian Embarba and Miku put Rayo 2-0 up in just 14 minutes.Wales star Bale headed Madrid back into the game before the break and then grabbed the winner in the 81st minute after substitute Lucas Vazquez had equalised.The euphoria of the comeback was punctured, however, by Karim Benzema being substituted after suffering a knock before half-time, and the Frenchman could miss Tuesday’s European semifinal first leg in Manchester. Atletico Madrid later saw off Malaga 1-0 at the Estadio Vicente Calderon.Angel Correa scored the only goal of the game on 62 minutes to keep Atletico a point ahead of Real.The match saw Atletico boss Diego Simeone sent to the stands after an incident in the first half that saw a second ball thrown onto the pitch when Malaga were looking to counter attack.The victory was a fifth on the trot in La Liga for the Rojiblancos and, as well as keeping them flying high domestically, tees them up nicely for their Champions League semifinal first leg against Bayern Munich in midweek. – Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySports read more
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre Mukasey’s bid now is in jeopardy. Tuesday’s Judiciary Committee confirmation vote will be a nail biter. Mukasey is at risk largely because, for years, the White House barely has replied to its critics’ never-ending “torture” narrative. Cryptic statements, such as President Bush’s comment that “This government does not torture people,” don’t cut it. While the White House must beware not to inform our enemies what to expect if captured, today’s clueless anti-waterboarding rhetoric merits this tactic’s vigorous defense. Waterboarding is something of which every American should be proud. Waterboarding makes tight-lipped terrorists talk. At least three major al-Qaida leaders reportedly have been waterboarded, most notably Khalid Sheik Mohammed. KSM, as intelligence agencies call him, directed the Sept. 11 attacks, which killed 2,978 people and injured at least 7,356. “I am the head of the al-Qaeda military committee,” he told al-Jazeera in April 2002. “And yes, we did it.” KSM wired money to his nephew, Ramzi Yousef, who masterminded the February 1993 World Trade Center blast that killed six and wounded 1,040. KSM and Yousef planned Operation Bojinka, a foiled 1995 scheme to explode 12 American jetliners above the Pacific Ocean. While some doubt his claim, KSM reportedly said, “I decapitated with my blessed right hand the head of the American Jew Daniel Pearl in the City of Karachi, Pakistan.” After U.S. and Pakistani authorities captured KSM in March 2003, he stayed mum for months, often answering questions with Koranic chants. Interrogators eventually waterboarded him – for just 90 seconds. By Deroy Murdock It’s not quite torture, but it sure has been painful watching Senate Democrats tie attorney general-designate Michael Mukasey into knots over waterboarding. Responding to their demands that he denounce this interrogation method that simulates drowning, Mukasey last week called it “repugnant to me.” This left Judiciary Committee Democrats, including Illinois’ Dick Durbin, unimpressed. “I can’t support his nomination based on the letter he sent yesterday,” Durbin said. KSM “didn’t resist,” one CIA veteran said in the Aug. 13 New Yorker. “He sang right away.” Another CIA official told ABC: “KSM lasted the longest under water-boarding, about a minute and a half, but once he broke, it never had to be used again.” KSM’s revelations helped authorities arrest at least six major terrorists: Ohio trucker Iyman Faris pleaded guilty May 1, 2003, to providing material support to terrorists. He secured 2,000 sleeping bags for al-Qaida and delivered cash, cell phones, and airline tickets to its men. He also conspired to derail a train near Washington, D.C., and use acetylene torches to sever the Brooklyn Bridge’s cables, plunging it into the East River. Jemaah Islamiya (JI) agent Rusman “Gun Gun” Gunawan was convicted of transferring money to bomb Jakarta’s Marriott Hotel, killing 12 and injuring 150. Hambali, Gunawan’s brother and ringleader of JI’s October 2002 Bali nightclub blasts, killed 202 and wounded 209. Suspected al-Qaida agent Majid Khan, officials say, provided money to JI terrorists and plotted to assassinate Pakistani President Pervez Musharraf, detonate U.S. gas stations, and poison American water reservoirs. Jose Padilla, who trained with al-Qaida in Afghanistan, was convicted last August of providing material support to terrorists and conspiring to kidnap, maim and murder people overseas. Padilla, suspected of but not charged with planning a radioactive “dirty bomb” attack, reportedly learned to incinerate residential high-rises by igniting apartments filled with natural gas. Malaysian Yazid Sufaat, an American-educated biochemist and JI member, reportedly provided hijackers Khalid al-Midhar and Nawaf al-Hazmi housing in Kuala Lumpur during a January 2000 9-11 planning summit. He also is suspected of employing “20th hijacker” Zacarias Moussaoui. “The 9-11 Commission Report” (page 151) states: “Sufaat would spend several months attempting to cultivate anthrax for al Qaeda in a laboratory he helped set up near the Kandahar airport.” Imagine how many innocent people these six Islamo-fascists would have murdered had interrogators left KSM unwaterboarded. Though clearly uncomfortable, waterboarding loosens lips without causing permanent physical injuries (and unlikely even temporary ones). If terrorists suffer long-term nightmares about waterboarding, better that than more Americans crying themselves to sleep after their loved ones have been shredded by bombs. In short, there is nothing “repugnant” about waterboarding. Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University (e-mail him at [email protected]).160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! read more