Postal

Postal Workers' transformation plan for a strong public postal service for all

Retrieved on: 
Mardi, mai 7, 2024

"Public Postal services do have a future in this country and in the world.

Key Points: 
  • "Public Postal services do have a future in this country and in the world.
  • We have to grow toward it," says Jan Simpson, National President of the Canadian Union of Postal Workers.
  • CUPW believes that reimagining a postal service which offers expanded, innovative services – as many other postal services have done around the world – will put it on the right path.
  • Postal workers believe that growing and innovating to meet the needs of people, who cherish our postal services, is the real solution.

Notice of Annual General Meeting of Implantica AG

Retrieved on: 
Mercredi, mai 1, 2024

FL-0002.629.889-3, are hereby invited to attend the annual general meeting to be held on Wednesday, May 22, 2024, at 14:30 at Hotel Kommod, Industriering 14, 9491 Ruggell, Liechtenstein.

Key Points: 
  • FL-0002.629.889-3, are hereby invited to attend the annual general meeting to be held on Wednesday, May 22, 2024, at 14:30 at Hotel Kommod, Industriering 14, 9491 Ruggell, Liechtenstein.
  • c. Re-election of Tomas Puusepp as member of the Board of Directors for a term of office until completion of the next Annual General Meeting of shareholders.
  • e. Re-election of Stephan Siegenthaler as member of the Board of Directors for a term of office until completion of the next Annual General Meeting of shareholders.
  • At the date of this notice, the company owns a total of 1,305 SDRs representing class A shares, which cannot be represented at the annual general meeting.

Dominant currency pricing in international trade of services

Retrieved on: 
Jeudi, avril 25, 2024

Abstract

Key Points: 
    • Abstract
      We analyze, for the first time, how firms choose the currency in which they price transactions
      in international trade of services and investigate, using direct evidence, whether the US dollar
      (USD) plays a dominant role in services trade.
    • JEL: F14, F31, F41
      Keywords: dominant currency paradigm, international trade, services.
    • Related research has
      shown that the US dollar (USD) exchange rate is a major source of swings in
      global trade in goods?a ?dominant currency pricing? (DCP) phenomenon?since
      most goods traded internationally are invoiced and sticky in USD.
    • Yet it is also key to look at dominant currency pricing in international trade
      in services for several reasons.
    • First, global trade in services is big?accounting for
      about a quarter of global gross trade flows and for around 40% in terms of valueadded trade.
    • Third, and relatedly, the
      future of globalisation might be in trade in intermediate services?as progress with
      digitech lowers technological barriers to such trade across borders.
    • But perhaps the main reason is that trade in services is conceptually different
      from trade in goods.
    • Our paper is the first, to our best knowledge, that analyzes how firms choose
      the currency in which they price transactions in international trade of services and
      that examines whether dominant currency pricing differs between trade in goods
      and services using direct evidence? hitherto unavailable?on patterns of currency
      choices in international transactions in services compared to goods.
    • Work on dominant currency pricing has
      almost exclusively focused on trade in goods.
    • One reason is that data on patterns
      in invoicing currency for trade in services are ?virtually nonexistent? (Adler et al.
    • Yet it is important to look at dominant currency pricing in international trade
      in services for several reasons.
    • Using the exporter?s (or producer) currency in exports is known in the literature as producer
      currency pricing (PCP), while using the importer?s currency is known as local currency pricing (LCP)
      and using a third currency is known as vehicle currency pricing (VCP).
    • Our paper is the first, to our best knowledge, that analyzes how firms choose the
      currency in which they price transactions in international trade of services and that
      examines whether dominant currency pricing differs between international trade in
      goods and services using direct evidence ? hitherto unavailable ? on patterns of
      currency choices in international transactions in services compared to goods.
    • First,
      we rule out compositional effects, that is that differences in the use of currencies
      reflect differences in trade partners in services vs. goods trade.
    • Both in extra-EU and intra-EU trade, the EUR is the
      most widely used currency, be it on the export or import side.
    • Based
      on the framework, we stress which factors should determine currency choices in
      international trade, and to what extent one should expect differences between
      services trade and goods trade.
    • Second, it can price in the importer?s currency
      (local currency pricing, LCP).4 Third, it can use a third currency, say currency
      v (vehicle currency pricing, VCP).
    • That is,
      the currency choice problem is equivalent to determining the currency in which the
      desired price is least volatile.
    • (2022)
      provide systematic empirical evidence ? firm size and exposure to foreign currencies
      in imported inputs ? should also shape currency choices in services trade.
    • Dominant currency pricing in USD ? services vs. goods trade
      Having established that currency choice in international trade of services is an
      active firm-level decision as well as the determinants of this decision, we now

      8.

    • Services and goods exports: prevalence of different pricing strategies (percent)
      Notes: The table shows the shares (in value terms) of different pricing strategies: producer currency
      pricing (PCP), local currency pricing (LCP) and vehicle currency pricing (VCP).
    • To make comparisons with goods trade, we rely on Eurostat?s
      macro data on international trade in goods by invoivcing currency.
    • If intra-EU trade is more important in services than
      in goods trade, this could hence be an explanation for the lower prevalence of the
      USD in services trade.
    • We showed
      that while the USD is also extensively used as a vehicle currency in services trade, its
      prevalence is systematically lower than in goods trade.
    • Hence for all travel services exports
      the invoicing currency is the EUR; for travel imports it is the currency of the
      destination of travel (i.e.
    • Also for these

      ECB Working Paper Series No 2932

      33

      services it seems plausible that trade does not take place vis-?-vis all counterparts
      in each currency.

    • Figure B.2: Share of international trade in services in global GDP broken down by type (%)
      Notes: Authors? calculations using World Bank and World Trade Organization data.
    • An earlier version of this paper circulated under the title ?Currency choices and the role of the
      U.S. dollar in international services trade?.

Postal Realty Trust to Present at Sidoti Virtual Investor Conference March 13

Retrieved on: 
Mardi, mars 5, 2024

CEDARHURST, N.Y., March 05, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, Jeremy Garber, President, and Robert Klein, Chief Financial Officer, will present at the Sidoti Virtual Investor Conference on Wednesday, March 13, 2024, at 10:45 AM ET.

Key Points: 
  • CEDARHURST, N.Y., March 05, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, Jeremy Garber, President, and Robert Klein, Chief Financial Officer, will present at the Sidoti Virtual Investor Conference on Wednesday, March 13, 2024, at 10:45 AM ET.
  • A live webcast of the presentation will be available on the Investors section of Postal Realty’s website Postal Realty Trust - Investors - Events & Presentations .
  • For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.
  • The Company will also host meetings with the investment community during the conference, which runs from Wednesday, March 13 to Thursday, March 14, 2024.

BOTOX® Cosmetic (onabotulinumtoxinA) Announces Its 2024 Grant Program Supporting Women Entrepreneurs

Retrieved on: 
Mercredi, février 21, 2024

IRVINE, Calif., Feb. 21, 2024 /PRNewswire/ -- Today, Allergan Aesthetics, an AbbVie company (NYSE: ABBV), announced that applications are open for the 2024 BOTOX® Cosmetic grant program supporting women entrepreneurs. BOTOX® Cosmetic partnered with IFundWomen to launch the program in 2023, and in the second year, will award a new group of 20 women entrepreneurs each with $25,000 grants to fund and grow their businesses. Additionally, BOTOX® Cosmetic continues to support these businesses through mentorship, coaching, crowdfunding, and community.

Key Points: 
  • FOR THE SECOND YEAR, BOTOX® COSMETIC WILL HELP WOMEN ENTREPRENEURS CLOSE THE CONFIDENCE GAP THROUGH FUNDING, MENTORSHIP, COACHING, AND COMMUNITY
    IRVINE, Calif., Feb. 21, 2024 /PRNewswire/ -- Today, Allergan Aesthetics, an AbbVie company (NYSE: ABBV), announced that applications are open for the 2024 BOTOX® Cosmetic grant program supporting women entrepreneurs.
  • We are grateful to learn from them and thrilled to continue this program into a second year with a new cohort of extraordinary women entrepreneurs."
  • I am forever grateful to this program for connecting me to a group of women entrepreneurs who together are helping to bridge the Confidence Gap.
  • Starting today, women entrepreneurs across the country can apply for the BOTOX® Cosmetic x IFundWomen grant at www.botoxcosmetic.com/realimpact for the chance to be one of 20 recipients.

AHF Sues Post Office Over Refusal to Deliver Mail to Tenants at SRO Buildings

Retrieved on: 
Mardi, février 13, 2024

AHF currently houses 1417 people in 13 SRO properties in Los Angeles.

Key Points: 
  • AHF currently houses 1417 people in 13 SRO properties in Los Angeles.
  • The Postal Service formally was served on the case – Shawn Jenkins and AIDS Healthcare Foundation vs. USPS, Louis DeJoy & Six … ( Case No.
  • California law requires landlords have an individual, locking mailbox for each SRO tenant.
  • However, the USPS is refusing to deliver mail into those individual mailboxes, instead dumping dozens or hundreds of people's mail into one big pile at the front desk of each SRO property each day.

Fiverr Launches the Third Annual Future Collective Business Accelerator Program, Unveils New Cohort

Retrieved on: 
Mercredi, janvier 17, 2024

The Future Collective is an accelerator designed for early-stage U.S. and Canada-based Black entrepreneurs at pivotal moments in their business journey.

Key Points: 
  • The Future Collective is an accelerator designed for early-stage U.S. and Canada-based Black entrepreneurs at pivotal moments in their business journey.
  • Fiverr hosts the Future Collective program in partnership with 1863 Ventures , an independent, Black-led nonprofit organization founded to help underrepresented entrepreneurs move from high potential to high growth.
  • “We are so proud to have the Future Collective as part of the Fiverr ecosystem.
  • “The Future Collective program impacted my business by giving me more resources than any other organization,” said Ryen Williams, founder of Under Her Empire and Future Collective alumni.

PCI® offers savings to reduce effects of the January 21 postage rate hike

Retrieved on: 
Lundi, janvier 22, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240122136130/en/
    PCI is proactively supporting companies in learning more about commingling and presort mail solutions that can significantly reduce the impact of the USPS postage rate increase.
  • Industry leader Postal Center International® (PCI®) is proactively supporting businesses in leveraging PCI's comprehensive mail solutions to reduce the impact of the impending increase.
  • As we prepare for the postage rate increase, we recognize the potential impact on businesses.
  • According to its website, the USPS says its rate increases are aimed at reducing the independent federal agency’s operational costs.

United States Postal Service Selects Zebra Technologies for Printer Technology Refresh

Retrieved on: 
Jeudi, janvier 18, 2024

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced the United States Postal Service (USPS) awarded the company a Change of Address Reporting System and Remote Forwarding System (COARS-RFS) printer technology refresh contract through 2028 for the purchase of ZD411 printers.

Key Points: 
  • Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced the United States Postal Service (USPS) awarded the company a Change of Address Reporting System and Remote Forwarding System (COARS-RFS) printer technology refresh contract through 2028 for the purchase of ZD411 printers.
  • Zebra’s ZD411 printers and related services will provide label printing for the Postal Service’s Change of Address Reporting System and Remote Forwarding System applications.
  • "Zebra is honored to provide our innovative printer technology to USPS through the contract,” said Chris Kelly, Senior Vice President and General Manager, North America, Zebra Technologies.
  • USPS awarded Zebra a COARS-RFS Printer Technical Refresh contract to provide Zebra’s ZD411 printers, which offer enhanced processing power, security, connectivity and intuitive setup and operation.

Saskatchewan teacher strike: It's about bargaining for the common good

Retrieved on: 
Mercredi, janvier 17, 2024

Both conservative commentators and the premier have argued the bargaining table is not the place for teachers to negotiate concerns about classroom issues.

Key Points: 
  • Both conservative commentators and the premier have argued the bargaining table is not the place for teachers to negotiate concerns about classroom issues.
  • Although bargaining is sometimes interpreted narrowly as a discussion over wages and benefits it is not, by its nature, limited to that.
  • Bargaining can — and has — acted as a democratic tool to expand public resources to areas beyond workplace compensation.

Bargaining classroom size

  • In Ontario, the Elementary Teachers’ Federation of Ontario has negotiated that the boards and government provide ongoing classroom size data to the union in order to determine future classroom ratios.
  • The court ruled the government’s decision to unilaterally prevent teachers from bargaining classroom size and composition was a violation of their constitutional rights to bargaining collectively.

Cuts to education


The dispute in Saskatchewan did not come out of nowhere. There has been a 10 per cent drop in per-student funding since 2012-2013. In 2017, the Saskatchewan Party government cut funding to public education by $22 million from the previous fiscal year. In the same period, enrolments have risen to record numbers. These issues pushed teachers to a collective bargaining dispute in 2019, but it was interrupted by the COVID-19 pandemic.

Staffing crises

  • Becotte’s comments align with research showing attrition rates have hovered at close to 50 per cent over about the last decade.
  • Squeezed board budgets have meant an increase in fees to some Saskatoon and Regina parents for lunch-time supervision.
  • Numbers have dropped for many educational roles, including for educational assistants, English as an additional language teachers, counsellors, librarians, psychologists and other pathologists.

‘Parents rights’ issues

  • The government said this was an issue of parents’ rights.
  • Yet many others interpreted it as an attack on the ability of teachers to provide necessary support and guidance to kids in a safe and supportive environment.

Bargaining as important tool

  • Trying to prevent teachers from including issues surrounding unmet student needs in bargaining is to effectively leave the public in the dark on the conditions of our schools and render governments largely unaccountable.
  • The most important tool that all unionized workers have at their disposal is their ability to collectively bargain.
  • Many of these campaigns have been waged by teachers’ unions.

Unions driving change

  • CUPW’s success encouraged other unions to take a similar position and today public maternity/paternity leave is a universal public program.
  • Unions and their members have real power when they use the tools available to them to seek real workplace and community change.

Bargaining about trade-offs

  • Prioritizing issues related to what unions identify as key “common good” themes might mean that other issues cannot be highlighted.
  • While salaries and benefits will always be an issue, there is overwhelming teacher support for existing bargaining proposals.


Simon Enoch is a member of the Saskatchewan New Democratic Party Charles Smith does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.