20 Oct
2020

GOP tax plan all about wishful thinking

first_imgTo secure these small economic gains and that tiny revenue bump, Republicans would cut taxes by well over a trillion dollars, leaving a massive hole in the budget. Over time, the negative consequences of higher federal borrowing would be a serious drag on the economy. The bill Republicans present this week will look somewhat different than the older framework the Tax Policy Center’s experts assessed.But the warning should still shake Republicans who claimed to be deficit hawks when Barack Obama was president. Tax reform could be worthwhile, but only if it is paid for.Republicans such as Portman used to understand as much.The country faces a huge funding squeeze as the Baby Boomers retire, raising pension and health-care costs.The Treasury will need ample revenue merely to maintain investments in everything else – roads, college aid, national parks, scientific research.A tax plan based on hopes, prayers and fiction puts all of that at risk.More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen? In a sentence, Portman erased much of the credibility he developed while decrying deficits during the Obama years or running the White House Office of Management and Budget during the George W. Bush presidency.Sen. Susan Collins, R-Maine, one of the few moderate Republicans left in Congress, was hardly more responsible.“If we have just four-tenths of 1 percent increase in our [gross domestic product], which is entirely realistic, it will cover the cost of the tax reform package,” she claimed.In fact, those growth numbers cannot be assumed, and betting the federal budget on hopes of loads of new revenue is highly risky.Just a couple days earlier, an independent report on the Republicans’ most recent tax-reform framework found that the plan would wallop the federal budget, even when effects on economic growth are considered. The Tax Policy Center concluded that cutting the corporate tax rate, encouraging business investment and enhancing incentives to work would each encourage economic expansion – modestly.The extra growth would result in maybe $50 billion in new federal revenue over 10 years. Categories: Editorial, OpinionThe following editorial appeared in The Washington Post:Republicans aim to unveil Wednesday a long-awaited tax plan, premised on the fanciful idea that slashing taxes by $1.5 trillion over 10 years will somehow leave the federal budget better off.And it is not just the GOP’s most blinkered ideologues who have bought into this wishful thinking. “I think at the end of the day this will actually be reducing the deficit because it’s going to finally get this economy moving,”Sen. Rob Portman, R-Ohio, said Sunday on “Meet the Press.”last_img read more

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20 Sep
2020

O’Connell focused on job in hand

first_img Captain O’Connell admitted his competitive spirit has underpinned a 13-year Test career as he gears up for his 100th Ireland cap against Wales on Saturday. Ireland can set a new national record with an 11th consecutive Test victory this weekend, and move within touching distance of a first Grand Slam since 2009. Ireland will not be “distracted by the bigger picture” of chasing Test records and the RBS 6 Nations Grand Slam in Cardiff on Saturday, according to Paul O’Connell. O’Connell believes Wales will pose a bigger threat than England offered in Ireland’s 19-9 Dublin victory of March 1, so will fall back on boss Joe Schmidt’s now well-versed routine of shutting out the weekend’s wider context. “It’s very hard to keep winning: if you focus on a match-winning record or you focus on a championship, then you get distracted from what you need to do,” said O’Connell. “When we jog out onto the pitch tomorrow, it’s either going to be their kick-off or our kick-off and you’ll have a job to do. “And you just keep trying to repeat all those little jobs, trying to win as many of those little moments as you can, and that’s all you can do. “I enjoy that way of preparing, I know Joe prepares all his teams like that, but it’s probably something I’ve only stumbled on in recent times. “But it does avoid you getting distracted and it does avoid you suffering from maybe the pressure of the bigger picture. “While the England game was a great result I think there were a lot of things we would like to improve on. “I think England are a great side but I don’t think they played well against us and of all the teams Wales, later in the championship, playing at home in the Millennium Stadium – we’re going to come across a great side tomorrow that are probably going to play great as well. “That’s going to be a bigger challenge I think than England, given the performance they produced two weeks ago.” O’Connell’s Ireland peers have hailed the talisman Munster lock as better now than at any point in his career, despite his advancing years. The tight-five enforcer will equal Mick Galwey’s record as Ireland’s oldest captain at exactly 35 years and 145 days this weekend. O’Connell admitted experience has helped him hone his approach, but conceded his sheer will to win has kept him in the sport. “I’m very competitive, that would be my biggest strength,” said O’Connell. “I certainly can’t run over people or unlock defences with my footwork, or whatever, but I’m certainly very competitive. “I enjoy being part of a team and helping drive teams on, trying to make them successful and trying to get the best out of people. I’ve always enjoyed a leadership role whether I’ve been captain or not. “It’s part of my personality that’s featured in my rugby for most of my career. “And that probably has helped sustain my career, it’s never been a chore for me. “I think that happens to some guys maybe towards the end of their careers, but I’ve always enjoyed it and I still enjoy it. “I enjoy it more than ever and that’s probably one of the reasons I’m still playing. “I think there’s certain things about my game that continue to improve. “Physically I’m probably not where I was, but that’s the challenge I suppose – to try and get to where I was when I was 25 or 26. “I’m probably not there at the moment; I think there’s still work to do in that regard. “But there are other parts of it. I think experience certainly counts. I think it’s something you don’t have a lot of respect for when you’re young, but there is a lot to be said for it.” O’Connell scored a try on his Test debut, against Wales in the 2002 Six Nations. The seven-cap British and Irish Lions lock partnered Galwey that day, but cannot even remember scoring as he had played on after being knocked out. O’Connell pledged to park the nostalgia to face Wales though, prepared to look back on his career highlights at a later date. “It’s obviously a great honour, but it’s obviously something you look back at in time rather than dwelling on it now,” said O’Connell of joining Brian O’Driscoll, Ronan O’Gara and John Hayes in Ireland’s century club. “I think in some ways, your first cap is probably a more nerve-wracking experience I suppose. “I’ve been through it before, but it is a great honour and it’s a nice little group of Irish guys who have done it before that I’m joining, so I’m very honoured.” Press Associationlast_img read more

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30 Aug
2020

Guy Templer appointed Chief Operating Officer of Rational Group

first_img StumbleUpon BlueRibbon signs strategic partnership with The Stars Group August 18, 2020 Submit PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Related Articles Share Share Guy Templer, PokerStarsGuy Templer has been appointed as Chief Operating Officer of Rational Group, the operator of the world’s largest poker business, PokerStars.Templer, who is currently Chief Strategy Officer, will assume the role on January 1 and continue to report to Rafi Ashkenazi, CEO of Amaya and Rational Group.He will be responsible for the day-to-day management of significant parts of the organisation including customer support, security and payments, whilst retaining responsibility for the launch of core products into new markets.Ashkenazi said: “Guy has been a key architect of our strategy and our Operational Excellence efforts that are driving our business toward sustainable, diversified growth. His deep knowledge of the company, our customers and our products combined with his industry expertise makes him a vital member of our executive management team.”Templer commented: “Rafi and I have a great established working relationship. My renewed focus on the operations side of the business, both core products and new markets, will free Rafi to continue to deliver the strategic gains that we’ve planned for our growing portfolio of brands for 2017 and beyond.”Templer, who joined PokerStars in 2011 as Group Director of Business Development and Strategy, has directed key initiatives including PokerStars’ re-entry into the US market, launches for casino, sportsbook and social gaming products, and the local licensing of the company’s brands across Europe.Prior to joining Rational Group, Templer held positions at NetPlay TV Plc as Chief Operating Officer, and Two Way TV as Group Commercial Director and Managing Director. ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020last_img read more

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13 Aug
2020

Arteta will be ‘ruthless’ to build winning mentality at Arsenal

first_imgLondon, United Kingdom | AFP | Mikel Arteta has warned Arsenal’s underachieving stars that he will be “ruthless” as the new boss looks to restore a winning mentality to his troubled club.Arteta, who had been working as an assistant to Manchester City manager Pep Guardiola, was hired by Arsenal on Friday after agreeing a three-and-a-half-year contract to replace the sacked Unai Emery.The former Arsenal midfielder arrives at the Emirates Stadium to find a team in crisis following a wretched run that cost Emery his job and reaffirmed the sense the Gunners have lost their way since the final years of Arsene Wenger’s reign.Languishing in 10th place in the Premier League after a run of one win in 12 games in all competitions, Arsenal hope Arteta can steady the ship and eventually turn the north Londoners into contenders for a top four berth.And Arteta, speaking at his official unveiling at the Emirates on Friday, made it clear he will take a hardline to ensure the malaise doesn’t continue any longer.“I have to engage the players, when I was here with Man City (last week) everyone was a bit down,” Arteta told reporters.“We have to have the right culture here, if we don’t then the tree will shake.“After that we can talk about other things. We need an immediate impact and need to raise the level of the performances to start winning games and engage with the fans.“The ambition of this football club is very clear. You have to fight for trophies and be in Europe. The rest is not good enough.”Arteta has earned praise from Guardiola for the work he did with City’s players during their title-winning campaigns.The Gunners boss is ready to put the lessons he learned from Guardiola into action, starting with a single-minded approach to installing his own philosophy at a club desperately lacking purpose and unity in recent years.“What I have learned mostly is you have to be ruthless, consistent and fit the culture of the club to sustain a winning mentality,” Arteta said.“Every act is important. Pep’s work-rate is incredible. The staff have to be able to transmit it and when the players buy into that, you can be strong.– ‘Be responsible’ – “I want to do things my way by convincing them it is the right way for everybody to live better.“Everybody has to be responsible and I do not want them hiding, I want people who deliver passion and energy.“Anyone who does not buy into this, has a negative effect, is not good enough for this environment and culture.”The 37-year-old won the FA Cup twice in a five-year playing career with Arsenal, then joined City to work with Guardiola after retiring in 2016.He revealed he came very close to taking the Arsenal job following Wenger’s departure in 2018, but conceded it was not the right time for him then, whereas now he has the knowledge to make a success of a difficult situation.Given the huge problems lurking in Arsenal’s unbalanced and inconsistent squad, many fans wanted a more experienced boss to replace Emery.Arteta is adamant he won’t be fazed by his first managerial role, saying: “I will give every drop of blood for this football club to make it better.“I feel back home. I am extremely happy and proud to have been given the honour of being manager of this football club,” he said.“I have prepared for the challenge and am ready. If I didn’t feel that, I would not be siting in this chair.”Arsenal haven’t won the Premier League since 2004 and appear light years behind champions City and current leaders Liverpool.One of the main issues facing Arteta is how to deal with German midfielder Mesut Ozil, who has endured testing times of late with Arsenal and is the subject of speculation over a January move.Pierre-Emerick Aubameyang, Arsenal’s leading scorer, is also said to be unsettled by the team’s struggles and Arteta wants to get to know those two and the rest of the squad as soon as possible.“I want to understand how they are feeling and what they need,” he said.“Then I can take the excuses out of them and focus on the things which are relevant on and off the pitch. It is my job to get the best out of him (Ozil).”Share on: WhatsApplast_img read more

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