Despite Massive Budget Deal Winter Still Calls for Six More Weeks of

first_imgLast week’s two-year budget agreement will provide a huge windfall for the Pentagon with the department’s base budget jumping by $165 billion through September 2019 over the statutory budget caps. But before defense officials can start spending the extra funds, lawmakers will need to rewrite the 12 fiscal 2018 appropriations bills and clear an omnibus spending package. The continuing resolution (CR) approved by the House and Senate in the early morning hours of Friday, and signed into law by President Trump, gives Congress until March 23 to complete the task.Of course, the funding largesse means negotiations over the spending bills should be less contentious than usual, with many winners and few losers, reports CQ. The $700 billion now slated for national defense this year exceeds not only the president’s FY  2018 request but funding levels in both chambers’ spending bills as well.In FY 2018, the statutory cap on defense spending will rise by $80 billion, resetting the cap at $629 billion. After adding in $71 billion for the department’s overseas contingency operations (OCO) account, which is exempt from the budget caps, total defense spending will reach $700 billion. Next year, the cap will increase by $85 billion to $647 billion; with $69 billion for OCO, total defense spending would be $716 billion in FY 2019.Air Force photo by Alejandro Peña Dan Cohen AUTHORlast_img read more

NOW HIRING 40 New Job Openings In Wilmington Week of December 30 2018

first_imgWILMINGTON, MA — Below are job listings previously published on Wilmington Apple during the week of December 30, 2018:Part-Time Teller at Reading Cooperative BankFull-Time Mill Metal Worker at Tecomet, Inc.Full-Time Inside Sales Representative at Sager ElectronicsFull-Time General Manager at Couto Management GroupFull-Time Business Development Manager at KochPart-Time Tax Intern at Osram SylvaniaPart-Time Product Engineering Intern at Analog DevicesFull-Time Residential Counselor II at VinfenPart-Time Sales Floor Team Member at TargetFull-Time Cook at Glendale Senior DiningFull-Time Customer Success Manager at Casamba, LLCFull-Time Residential Assistant Program Manager at NuPath, Inc.Full-Time Chemical Mix Operator at Lubrizol CorporationFull-Time Heating & Cooling Technician at Super Service TodayFull-Time Drain Cleaning Expert at Super Service TodayFull-Time Sales Manager at Bill Dube HyundaiFull-Time Parts Department Professional at Bill Dube HyundaiFull-Time Automotive Sales Professional at Bill Dube HyundaiFull-Time Assembly Operator at Koch Chemical Full-Time Chemical Operator at Koch ChemicalFull-Time Jr. Data Steward at Heilind ElectronicsFull-Time Service Technician at Cochrane VentilationFull-Time Entry Level Solar Site Surveyor at Vivint SolarPart-Time Merchandise Relief at Frito LayFull-Time Display Media Specialist at World Travel HoldingsFull-Time Marketing Quality Assurance Tester at World Travel HoldingsFull-Time eCommerce Web Analyst at World Travel HoldingsFull-Time IT Business Analyst at World Travel HoldingsFull-Time Manager I (Enterprise Direct Sales) at ComcastFull-Time Cargo Van Delivery Driver at Optima ShippingFull-Time System Administrator at UniFirstFull-Time Global Sourcing Specialist at UniFirstFull-Time Accounts Payable Clerk at AramarkFull-Time Service Technician at AramarkFull-Time Teacher at May InstituteFull-Time Teacher Assistant at May InstitutePart-Time Home Health Aide at Associated Home CareFull-Time Package Handler at FedExPart-Time Servers at 99 RestaurantPart-Time Bus/Server Assistant at Red Heat TavernLong-Term Substitute Grade 8 English Language Arts Teacher at Wilmington Middle SchoolLong-Term Substitute Reading Specialist at Wilmington Middle SchoolSubstitute Teachers, Educational Assistants, Nurses & LPNs at Wilmington Public Schools(NOTE: Wilmington businesses — Feel free to send me your job postings at wilmingtonapple@gmail.com.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedNOW HIRING: 10 New Job Openings In WilmingtonIn “Business”NOW HIRING: 60 New Job Openings In Wilmington (Week of August 11, 2019)In “Business”NOW HIRING: 60 New Job Openings In Wilmington (Week of July 7, 2019)In “Business”last_img read more

DoT Rejects CAGs Allegations on Undue Favours Extended to Reliance Jio

first_imgThe Department of Telecom has rejected CAG’s allegations that it extended undue favours towards Mukesh Ambani’s Reliance Industries Limited and its subsidiary Infotel, which resulted in a loss of over ₹20, 000 crore to the government.The telecom department responded in a 37 page report to Comptroller and Auditor General (CAG) regarding the issue.It said that CAG has challenged the decision-making powers of the government and the wisdom and the decision of the authorities of the time is also being questioned, reported Mint.DoT has now recommended that “draft audit paras may be dropped and matter closed.”CAG had earlier alleged that the government had failed to notice signs of rigging when auction of high speed internet spectrum was held in 2010. During the process, Infotel is said to have paid 5000 times its ₹2.5 crore net worth to grab spectrum across the nation.Infotel paid ₹12, 847.77 crore after giving ₹252.50 crore as earnest money to get 20 megahertz (MHz) of spectrum in 22 circles across India. After the auction, it sold its 95 percent stake to RIL for ₹4800 crore.”This was an auction that was open to bidders across the world. Why would they collude to allow a competitor to gain? You can’t collude when interests are different,” said Mahesh Uppal, a telecom regulatory expert with Com First India Private Limited.Moreover, CAG accused the DoT of extending favours to Reliance Jio Infocomm Limited by permitting it to offer voice services, using the internet service provider licence.”From the beginning of the auction itself, it was clear that a successful bidder, with an Internet service provider licence, could offer voice services by acquiring the requisite licence,” he added.Supporting DoT, Ravi Shankar Prasad, Communication and law minister said: “Our policy on spectrum sharing, trading and allocation is transparent.”In a previous report, CAG said DoT’s share of 2G spectrum (1800 MHz band) in 2008 caused a loss of ₹1.76 trillion.The government collected bids worth ₹1.07 trillion in that auction, involving more than ₹32, 000 crore from 3G spectrum sold during auction. The DoT said the firms successful in the auction were permitted to issue fresh equity.The department of telecom is likely to start the next auction of 2G and 3G spectrum bands from February 2015.last_img read more

Uber ebikes Shorter rides more earnings

first_imgREUTERS/Toby Melville/Illustration/File PhotoUber plans to switch its focus to electric bikes and scooter over car despite the fact that the company will suffer loss initially. Dara Khosrowshahi, CEO, said that it is difficult plus time taking for cars to go inside the narrow streets of a city and that is where the demand for electric bikes occurs.It has spent around $200m for its new e-bike business this year and the investment will continue despite the losses. “In the short term, it might cost us but in long-term it would add huge profit and that is where we exactly want to head,” said  Khosrowshahi.Uber operates its e-bike business in around 8 cities in the USA, including New York and Washington and soon they will launch its bike business in  European cities Berlin, being the first city. The revenue at first will be less but it will grow in long-term once the users are friendly with the same.At first, the uber drivers were not very convinced about the idea until they got to know that their short rides would be replaced by the long rides and more earnings. Renting bikes and scooters will earn them less profit than cars but it will cover the profit by replacing the long rides for short rides. “We are willing to trade off short-term per-unit economics for long-term higher engagement,” CEO told the FT.Uber is making good revenue from the taxi business but its expansion into new areas of e-bike and scooters has added losses to it at a great rate. David Brophy, professor of finance at the University of Michigan, told Reuters that the firm could expect to see its valuation slashed in a public listing if it did not show more progress towards becoming profitable.According to BBC, the basic cost of hiring a scooter is about $1 (76p). Riders pay more the further they travel.last_img read more