Finance News

10 January, 2019 06:28 | Arizona Dept. |

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Good morning, Legionnaires and veterans advocates, in the present day is Thursday, January 10, 2019, which is Houseplant Appreciation Day, Nationwide Minimize Your Power Prices Day, Peculiar Individuals Day, and Save the Eagles Day.

As we speak in Historical past:

  • 1946: The primary Common Meeting of the United Nations, comprising 51 nations, convenes at Westminster Central Corridor in London, England. One week later, the U.N. Safety Council met for the primary time and established its guidelines of process. Then, on January 24, the Basic Meeting adopted its first decision, a measure calling for the peaceable makes use of of atomic power and the elimination of atomic and different weapons of mass destruction.
  • 1923: 4 years after the top of World Conflict I, President Warren G. Harding orders U.S. occupation troops stationed in Germany to return house.
  • On January 10, 1920, the League of Nations formally comes into being when the Covenant of the League of Nations, ratified by 42 nations in 1919, takes impact.
  • On this present day in 1941, Franklin Roosevelt introduces the lend-lease program to Congress. The plan was meant to assist Britain beat again Hitler’s advance whereas protecting America solely not directly concerned in World Struggle II.

TABLE OF CONTENTS:

* Consists of remark from TAL.
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Army.com: Legion Presents Assist to Coasties Throughout Shutdown, Requires Exemption to Pay Cutoff
9 Jan 2019 | Army.com | By Richard Sisk
The American Legion has stepped in with gives of restricted help for Coast Guard personnel working with out pay ought to the partial authorities shutdown proceed into subsequent week.
In a press release Monday, Legion Nationwide Commander Brett Reistad additionally referred to as on members of Congress to again the “Pay Our Coast Guard Act” launched by Sen. John Thune, R-South Dakota.
The invoice would exempt the Coast Guard from the shutdown funding cutoff affecting its mother or father company, the Division of Homeland Safety (DHS).
The proposed exemption would additionally cowl Coast Guard retiree advantages, dying gratuities and different associated payouts.
Presently, about 42,000 Coast Guard personnel are working with out pay. DHS and the Coast Guard have been capable of finding funding for members’ final paychecks, which went out Dec. 31. The subsequent paychecks for Coast Guardsmen are due Jan. 15.
Reistad stated the Legion backs the Thune invoice laws, “which will guarantee that these heroes who guarantee our safety and security will be paid on time and not miss a single paycheck.”
“Just because a Washington flowchart structures the Coast Guard under Homeland Security does not mean they should not be paid,” he added.
The Legion is ready to supply monetary help to some Coast Guardsmen.
“In the event that there is a delay in paying our Coast Guard, I have directed administrators of the American Legion Temporary Financial Assistance program to stand by and quickly administer requests made by active-duty Coast Guard members with children who need help with living expenses,” Reistad stated.
Nevertheless, he famous, “As a nonprofit, the American Legion is not capable of funding the entire Coast Guard payroll.”
The Veterans of Overseas Wars additionally referred to as Congress to discover a option to hold paying Coast Guard personnel.
“Our country needs this Congress and this White House to push through the rhetoric and take care of those who are on the front lines protecting our country,” B.J. Lawrence, VFW nationwide commander, stated in a press release. “What the Coast Guard and DHS do daily allows the rest of us to sleep easier at night. No one should ever take that for granted.”

Miami Herald: Coast Guard members’ subsequent paycheck in danger over authorities shutdown
BY DAVID GOODHUE | JANUARY 08, 2019 08:01 PM, UPDATED JANUARY 09, 2019 01:53 PM
Whereas most U.S. Coast Guard members managed to get their ultimate 2018 paycheck after some maneuvering by the White Home and the Division of Homeland Safety, their first examine of the New Yr is unsure within the shadow of the partial authorities shutdown that’s impacting greater than 1 / 4 of the federal workforce.
Funding for the service, which has a heavy presence in South Florida and the Keys, expired Dec. 21 with no appropriations invoice handed to maintain boats afloat, planes and helicopters within the air and women and men on patrol via 2019.
In contrast to the remainder of the army branches, which fall beneath the Division of Protection and usually are not affected by the shutdown, the Coast Guard is beneath Homeland Safety, which is among the many businesses caught up within the struggle over President Donald Trump’s proposed multi-billion greenback wall alongside the U.S.-Mexico border.
Trump and congressional Democrats gained’t blink in finances negotiations over funding for the controversial venture. The partial authorities shutdown is affecting 800,000 federal staff, and having an impression on air journey, the Nationwide Parks Service, the federal courts and hurricane forecasting, amongst many different areas.
The almost 42,000 lively obligation Coast Guard members are thought-about important personnel and should work with or with out pay.
“Whether they are performing rescues during a hurricane or stopping drug traffickers at sea, members of the Coast Guard regularly perform heroic and lifesaving tasks on our behalf. They should not have to worry about bills and living expenses just because Congress and the White House cannot agree on a budget,” Brett P. Reistad, nationwide commander of The American Legion veterans advocacy group, stated in a press release this week.
Reistad urged members of Congress to help a invoice launched Friday by Sen. John Thune, R-South Dakota, that might fund the Coast Guard by way of the Treasury Division all through the shutdown. The bipartisan laws, generally known as the “Pay Our Coast Guard Act,” is co-sponsored by three Democrats and three Republicans.
The invoice nonetheless wants a counterpart within the Home, nevertheless, and that will not come earlier than Jan. 15, the top of the subsequent pay interval.
Within the meantime, the service members are organizing help networks within the occasion an answer isn’t discovered, stated Casey Lawrence, nationwide president of the Coast Guard Enlisted Affiliation.
“Our national officers have been posting financial resources available to those who need it, in the event of a pay lapse, on our Coast Guard Enlisted Association national Facebook page,” Lawrence stated in an e mail Tuesday.
He stated assets embrace loans from the Coast Guard Mutual Help program, low-interest loans from different establishments, “as well as community resources available, such as free groceries and help with utility bills.”
“I have also asked that our branches with available funds to do so, assist members in immediate need through loans and grants, if the lapse occurs,” Lawrence stated.

Washington Publish: Coast Guard households informed they will have storage gross sales to deal with authorities shutdown
By Dan Lamothe | January 9 at three:33 PM
Staff of the U.S. Coast Guard who’re dealing with an extended U.S. authorities shutdown simply acquired a suggestion: To get by with out pay, think about holding a storage sale, babysitting, dog-walking or serving as a “mystery shopper.”
The strategies have been a part of a five-page tip sheet revealed by the Coast Guard Help Program, an employee-assistance arm of the service typically generally known as CG SUPRT. It’s designated to supply Coast Guard members assist with mental-health points or different considerations about their lives, together with monetary wellness.
“Bankruptcy is a last option,” the doc stated.
The Coast Guard receives funding from the Division of Homeland Safety and is subjected to the shuttering of elements of the federal government together with DHS’s different businesses. That stands in distinction to different army providers, that are a part of the Protection Division and have funding.
The tip sheet, titled “Managing your finances during a furlough,” applies to the Coast Guard’s eight,500-person civilian workforce. About 6,400 of them are on indefinite furlough, whereas 2,100 are working with out pay after being recognized as important staff, stated Lt. Cmdr. Scott McBride, a service spokesman. They have been final paid for the two-week interval ended Dec. 22.
“While it may be uncomfortable to deal with the hard facts, it’s best to avoid the ‘hide your head in the sand’ reaction,” the tip sheet stated. “Stay in charge of the situation by getting a clear understanding of what’s happening.”
The Coast Guard eliminated the tip sheet from the help program’s web site late Wednesday morningafter The Washington Publish inquired about it.
The strategies don’t “reflect the Coast Guard’s current efforts to support our workforce during this lapse in appropriations,” McBride stated. “As such, this guidance has been removed.”
The state of affairs exhibits the growing pressure that the service is underneath because the partial authorities shutdown continues. About 41,000 active-duty Coast Guardsmen are working with out pay. Their subsequent verify is due Jan. 15.
General, about 420,000 authorities staff are working underneath the promise they are going to be paid retroactively, with almost one other 350,000 on furlough at residence.
The Coast Guard’s standing as an unfunded army service more and more has develop into a political challenge, as relations share their worries a few shutdown with no sign of ending amid a political dispute about President Trump’s proposed border wall. Coast Guardsmen rely not solely on paychecks, but in addition now-frozen authorities allowances for housing in costly coastal cities the place many are assigned.
Late final month, the Coast Guard introduced it had discovered sufficient cash to pay its service members one final time by means of the top of the yr. The Trump administration took credit score afterward, releasing a press release that stated the president and a few of his employees members had labored “round the clock” to deal with the difficulty.
The Coast Guard’s state of affairs has stirred up previous frustrations that the ocean service’s contributions are usually not as appreciated in Washington as these of the remainder of the army.
Amongst some army households, it additionally has undermined some good will that Trump established with the Coast Guard by praising their “brand,” spotlighting their efforts in hurricanes and promising funding for icebreaker ships to spice up polar safety. Funding for these ships is not a certainty this yr, with the Senate model of an appropriations invoice together with $750 million to start development of a brand new ships and the Home model together with no cash.
Coast Guard leaders have sought to offer as a lot info as potential to its individuals concerning the shutdown, and supply recommendations for the place monetary help could be potential. It additionally launched a letter for households to offer to collectors whereas in search of momentary monetary aid.
“This lapse in appropriations is beyond our members’ control and is expected to be a temporary situation,” stated the Dec. 27 letter, signed by Rear Adm. Matthew W. Shibley. “We appreciate your organization’s understanding and flexibility in working with Coast Guard members who request forbearance on their obligations until this situation is resolved.”
A bipartisan effort to get the Coast Guard paid via the shutdown was launched in Congress final week, however it isn’t clear if or how shortly lawmakers may vote on the proposed “Pay Our Coast Guard Act.”
Coast Guard family members said Wednesday that there are no easy solutions as the political standoff continues, but that they are getting by.
Jacqueline Esparza, whose husband is in the Coast Guard and stationed in Seattle, said not all families affiliated with the service live in houses where having a garage sale is possible. Service members, who are still required to work, also are not easily able to find supplemental income, she said.
“Doing odd jobs and selling items we don’t need anymore is a temporary fix,” she stated. “It’s not going to help us pay the rent.”
Natalie Daniels, whose husband is stationed in San Diego, stated her household’s state of affairs isn’t “dire just yet,” however lacking the approaching paycheck would undoubtedly “start the clock” on that. Their household consists of 4 youngsters.
“I am not afraid of this shutdown,” she stated. “I am afraid of the current political discourse that may discourage future generations from wanting to serve their country on the basis of being used as political pawns.”
Daniels said both political parties are “playing a game of political chicken with Americans,” and it must cease.
“Frankly, I’m exhausted, burdened, and emotionally drained by our present political local weather, however for those who have been to ask my husband what I’ve stated to him when he’s referred to as each night time, he would inform you I’ve stated, ‘We are fine,’” she stated. “That’s how a military spouse supports her husband, and that is how a military spouse supports their country.”

Army Occasions: Vets working with out pay: Authorities shutdown leaves a whole lot of hundreds within the lurch
By: Natalie Gross | 13 hours in the past
Military veteran David Shanley-Dillman just about lives paycheck-to-paycheck since a current string of monetary points depleted his household’s financial savings.
And since he works for the Division of Agriculture’s U.S. Forest Service, one of many businesses impacted by the continued authorities shutdown, come Friday, the previous army police officer is about to seek out out what it’s wish to stay on no paycheck in any respect.
“Now we’re looking at our usual bills. We’re being very conservative [about] whether we’re going to pay them on time or not, depending on how the shutdown goes forward,” stated Shanley-Dillman, a planner for the Huron-Manistee Nationwide Forests in Michigan. “Food and shelter first.”
Almost a 3rd of the federal workforce is made up of veterans — an estimated 248,400 of whom aren’t getting paychecks as the federal government is three weeks right into a partial shutdown, in accordance with the AFL-CIO Union Veterans Council.
“Stress levels are going up. The mental fatigue is going up,” stated William Attig, the council’s government director. “This is, in my opinion, a recipe for disaster for some of these veterans.”
The impacted federal businesses using the most important proportions of veterans embrace the Homeland Safety, Transportation and Justice departments, the place veterans make up 25 % or extra of the workforce, in response to the newest figures from the Workplace of Personnel Administration.
These embrace border patrol officers, federal jail guards, Transportation Safety Administration brokers and air visitors controllers, amongst others.
“They believe that this is a continuation of service to their nation,” Attig stated. “It is shameful that their lives are being played with as pawns from either side.”
In a tweet recognizing Nationwide Regulation Enforcement Day Wednesday, President Trump included a shout-out to federal regulation enforcement officers, writing, “We love you and will always support you.”
After initially saying he would settle for duty for a shutdown, Trump has since blamed the shutdown on Democrats, who won’t approve Trump’s push for $5.7 billion in funding for a wall on the U.S.-Mexico border — a plan additionally rejected by some members of his personal get together.
“This barrier is absolutely critical to border security. It’s also what our professionals at the border want and need,” he stated in a televised handle to the nation Tuesday.
In her response on Capitol Hill Wednesday, Speaker of the Home Nancy Pelosi, D-Calif., highlighted the truth that the shutdown is hurting veterans, whom Trump has vowed to guard and help because the marketing campaign path.
“Our veterans are very adversely affected by this. If we want to support our veterans, we will not hurt their credit rating. And that’s what missing a mortgage, a rental payment, a car payment and the rest does to everyone’s credit rating,” she stated.
Construct a wall or don’t — Shanley-Dillman doesn’t care. He simply needs to see elected officers come to some kind of compromise in order that he and his different veteran colleagues can get again to work.
“I know some of them, like myself, have issues with PTSD,” he stated. “Veterans just do better with a full-time job, a regular job. That’s one of the most impactful things that can help a veteran manage life. The shutdown on top of PTSD — it’s difficult to navigate.”
Attig stated the Union Veterans Council isn’t pointing fingers or taking a stance on the wall funding, however the group is strongly advocating for veterans and different federal staff to receives a commission.
“If we need to improve border security, we’re all for that,” he stated. “But people’s lives shouldn’t be put on the line and held hostage.”

Related Press: US Navy veteran imprisoned in Iran, 1st arrest of Trump period
By: Nasser Karimi, The Related Press and Jon Gambrell, The Related Press | 14 hours in the past
TEHRAN, Iran — Iran confirmed Wednesday it’s holding U.S. Navy veteran Michael R. White at a jail within the nation, making him the primary American recognized to be detained underneath President Donald Trump’s administration.
White’s detention provides new strain to the rising pressure between Iran and the U.S., which beneath Trump has pursued a maximalist marketing campaign towards Tehran that features pulling out of its nuclear cope with world powers.
Though the circumstances of White’s detention stay unclear, Iran up to now has used its detention of Westerners and twin nationals as leverage in negotiations.
The semi-official Tasnim information company, believed to be near the nation’s paramilitary Revolutionary Guard, reported the affirmation, citing Overseas Ministry spokesman Bahram Ghasemi.
“An American citizen was arrested in the city of Mashhad some time ago and his case was conveyed to the U.S administration on the first days” of his incarceration, Ghasemi was quoted as saying.
The New York Occasions has quoted White’s mom saying she discovered three weeks in the past that her son is alive and being held at an Iranian jail. His arrest was first reported by IranWire, a web-based information service run by one-time Iran detainee Maziar Bahari, which interviewed a former Iranian prisoner who stated he met White at Vakilabad Jail in Mashhad in October. Mashhad is about 95 kilometers (60 miles) east of Tehran, Iran’s capital.
Ghasemi additionally denied any mistreatment of prisoners in Mashhad, as alleged by the previous prisoner quoted within the IranWire story. He described the allegations as “psychological warfare.”
The Related Press has been unable to succeed in members of White’s household. The State Division stated it was conscious of reviews of an American citizen’s arrest, however was in any other case unable to remark.
White’s mom, Joanne White, had informed the Occasions that her 46-year-old son, who lives in Imperial Seashore, California, went to Iran to see his girlfriend and had booked a July 27 flight again residence to San Diego by way of the United Arab Emirates. She filed a lacking individual report with the State Division after he didn’t board the flight. She added that he had been present process remedy for a neck tumor and has bronchial asthma.
Whereas relations between Iran and the U.S. warmed beneath President Barack Obama, they’ve turned more and more poisonous underneath Trump. Trump in Might withdrew America from the nuclear deal, which noticed Iran restrict its enrichment of uranium in change for the easing of financial sanctions.
Trump has stated he withdrew from the deal to place additional strain on Iran over its ballistic missile program, in addition to to blunt its affect within the wider Mideast. Whereas American officers deny that the objective of the U.S. coverage is regime change, his administration consists of officers who’ve brazenly referred to as for Iran’s authorities to be overthrown.
The worsening ties might be heard in remarks Wednesday by Iran’s supreme chief, Ayatollah Ali Khamenei, who beforehand has advised Trump he “cannot do a damn thing” to cease Iran.
“Some U.S. officials pretend that they are mad,” Khamenei stated. “Of course I don’t agree with that, but they are first-class idiots.”
There are 4 different recognized Americans being held in Iran.
Iranian-American Siamak Namazi and his 82-year-old father Baquer, a former UNICEF consultant who served as governor of Iran’s oil-rich Khuzestan province beneath the U.S.-backed shah, are each serving 10-year sentences on espionage expenses. Iranian-American artwork vendor Karan Vafadari and his Iranian spouse, Afarin Neyssari, acquired 27-year and 16-year jail sentences, respectively. Chinese language-American graduate scholar Xiyue Wang was sentenced to 10 years in jail for allegedly “infiltrating” the nation whereas doing doctoral analysis on Iran’s Qajar dynasty.
Iranian-American Robin Shahini was launched on bail in 2017 after staging a starvation strike whereas serving an 18-year jail sentence for “collaboration with a hostile government.” Shahini is believed to nonetheless be in Iran.
Additionally in an Iranian jail is Nizar Zakka, a U.S. everlasting resident from Lebanon who advocated for web freedom and has finished work for the U.S. authorities. He was sentenced to 10 years on espionage-related costs.
Former FBI agent Robert Levinson, who vanished in Iran in 2007 whereas on an unauthorized CIA mission, stays lacking as nicely. Iran says that Levinson shouldn’t be within the nation and that it has no additional details about him, although his household holds Tehran chargeable for his disappearance. Tehran now says it has no details about him.
Others held with Western ties embrace Nazanin Zaghari-Ratcliffe, a British-Iranian lady who’s serving a five-year jail sentence for allegedly planning the “soft toppling” of Iran’s authorities whereas touring together with her younger daughter. As strain mounts in Britain for her launch, Iranian state tv this week aired footage of her arrest at Tehran’s Imam Khomeini Worldwide Airport.

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