Fiscal policy

Titan Logix Corp. Reports Fiscal 2021 Q3 Financial Results

Wednesday, July 21, 2021 - 9:30pm

Gross profit for the third quarter of fiscal 2021 increased by $175,987 to $558,164 or 52% of revenue compared to $382,177 or 49% of revenue in the comparative prior period.

Key Points: 
  • Gross profit for the third quarter of fiscal 2021 increased by $175,987 to $558,164 or 52% of revenue compared to $382,177 or 49% of revenue in the comparative prior period.
  • During the fiscal quarter the Company continued with its participation in the Canada Emergency Wage Subsidy Program ("CEWS").
  • The Company realized $161,900 of subsidies in the fiscal quarter and $345,747 in the nine month period, partially offsetting compensation expenses.
  • Total expenses in the third quarter of fiscal 2021 were $698,233 as compared with $962,612 in the comparative prior period.

World Acceptance Corporation Reports Fiscal 2022 First Quarter Results

Wednesday, July 21, 2021 - 12:30pm

As a percentage of revenues, G&A expenses decreased from 57.8% during the first quarter of fiscal 2021 to 56.6% during the first quarter of fiscal 2022.

Key Points: 
  • As a percentage of revenues, G&A expenses decreased from 57.8% during the first quarter of fiscal 2021 to 56.6% during the first quarter of fiscal 2022.
  • Personnel expense increased $1.6 million, or 3.6%, during the first quarter of fiscal 2022 as compared to the first quarter of fiscal 2021.
  • Advertising expense increased $1.1 million in the first quarter of fiscal 2022 compared to the first quarter of fiscal 2021.
  • Other expense decreased $1.3 million in the first quarter of fiscal 2022 compared to the first quarter of fiscal 2021.

Pew Urges WTO Members to Prioritize Fisheries Subsidies Effort After Deal Is Delayed Again

Friday, July 16, 2021 - 2:01am

Isabel Jarrett, manager of The Pew Charitable Trusts' project to end harmful fisheries subsidies, issued the following statement:

Key Points: 
  • Isabel Jarrett, manager of The Pew Charitable Trusts' project to end harmful fisheries subsidies, issued the following statement:
    "World Trade Organization members are closer than ever to reaching an agreement two decades in the making that would reduce harmful fisheries subsidies.
  • "Although the final WTO fisheries subsidies deal should include a transition period that allows developing countries extra time to implement the agreement, there should be no permanent exceptions to any rule.
  • And developed nations should never be permitted to provide harmful subsidies unless they can prove that those subsidies do not negatively affect fish stock levels.
  • "WTO members must seal the deal as soon as possible on a strong fisheries subsidies agreement that delivers on ambitious sustainability goals, ultimately improving the health of fisheries and fishing communities around the world."

Chief Economist Says NRF Revised Forecast Because ‘Great Uncertainty’ Has Transformed Into Clear Recovery

Thursday, July 1, 2021 - 3:22pm

We are seeing not just unprecedented growth from months of pent-up demand as the economy reopens but momentum as well.

Key Points: 
  • We are seeing not just unprecedented growth from months of pent-up demand as the economy reopens but momentum as well.
  • NRF now expects retail sales during 2021 to grow between 10.5 and 13.5 percent over 2020, to a range between $4.44 trillion and $4.56 trillion.
  • Our initial forecast was made when there was still great uncertainty about consumer spending, vaccine distribution, virus infection rates and additional fiscal stimulus, Kleinhenz said.
  • But economic data that has come in since February has made it clear that the initial forecast would easily be exceeded.

EQONEX Announces Fiscal Year 2021 Financial Results

Wednesday, June 30, 2021 - 9:46pm

Revenue was primarily generated during the last quarter of fiscal year 2021 as a result of a significant increase in revenue-generating trading volume on EQONEX exchange.

Key Points: 
  • Revenue was primarily generated during the last quarter of fiscal year 2021 as a result of a significant increase in revenue-generating trading volume on EQONEX exchange.
  • During fiscal year 2021, EQONEX also focused on developing its other business lines to drive future revenue growth.
  • Digivault, the Custody Business, was integrated with EQONEX towards the end of the fiscal year 2021.
  • Operating loss for fiscal year 2021 was US$64.6 million, an increase from US$42.5 million during the prior fiscal year.

New Oceana-Supported Research Maps Wealthy Nations’ Harmful Fisheries Subsidies Supporting their Fleets Abroad, Including in the Waters of Least Developed Countries

Wednesday, June 30, 2021 - 12:00pm

For the first time, harmful subsidies worth billions of dollars from wealthy nations can now be tracked to destinations around the world, including to least developed countries (LDCs) and the high seas.

Key Points: 
  • For the first time, harmful subsidies worth billions of dollars from wealthy nations can now be tracked to destinations around the world, including to least developed countries (LDCs) and the high seas.
  • Looking solely at distant water fishing activity beyond a countrys own waters the top 10 spent $5.4 billion in harmful subsidies fishing in the waters of 116 other nations, and another $800 million on the high seas.
  • In the waters of several LDCs, the catches made and estimated subsidies received by foreign fleets surpasses those of the domestic fleet.
  • These top subsidizers may therefore be supporting their own fishing fleets by transferring overfishing risks to the waters of countries that can least afford it.

Emerging markets face a USD 5.4 trillion-per-year shortfall in savings for sustainable retirements, says Swiss Re Institute

Tuesday, June 29, 2021 - 12:00pm

- Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.

Key Points: 
  • - Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.
  • - Latin America has a pension savings gap of USD 514 billion per year, or USD 50 000 per worker on average.
  • ZURICH, June 29, 2021 /PRNewswire/ --Workers in emerging markets are retiring without sufficient assets to cover their pension needs, creating a total pension shortfall of about USD 106 trillion, Swiss Re Institute estimates.
  • 2The pension savings gap is the unfunded gap between pension funds available and the retirement need of emerging markets' working populations.

Emerging markets face a USD 5.4 trillion-per-year shortfall in savings for sustainable retirements, says Swiss Re Institute

Tuesday, June 29, 2021 - 12:00pm

- Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.

Key Points: 
  • - Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.
  • - Latin America has a pension savings gap of USD 514 billion per year, or USD 50 000 per worker on average.
  • ZURICH, June 29, 2021 /PRNewswire/ --Workers in emerging markets are retiring without sufficient assets to cover their pension needs, creating a total pension shortfall of about USD 106 trillion, Swiss Re Institute estimates.
  • 2The pension savings gap is the unfunded gap between pension funds available and the retirement need of emerging markets' working populations.

Fraser Institute News Release: Saskatchewan’s fiscal crisis reforms in the 1990s provide a roadmap for Atlantic Canada now, which faces similar problems

Thursday, June 24, 2021 - 10:00am

Policymakers in the Maritimes are facing large, long-term fiscal challenges including persistent budget deficits, mounting debt and the threat of rising interest costs.

Key Points: 
  • Policymakers in the Maritimes are facing large, long-term fiscal challenges including persistent budget deficits, mounting debt and the threat of rising interest costs.
  • Fortunately, there are lessons from elsewhere in Canada to learn from, said Alex Whalen, policy analyst at the Fraser Institute and co-author of Fiscal lessons for Atlantic Canada from Saskatchewan .
  • Like Saskatchewan, the region faces the economic challenges of persistent deficit, rising debt, and overall lack of economic opportunity.
  • For solutions, policymakers can look to Saskatchewan, which during the 1990s went from the brink of insolvency to relative fiscal health.

AstroNova Reports Fiscal First-Quarter 2022 Financial Results

Thursday, June 10, 2021 - 12:30pm

AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced financial results for the fiscal 2022 first quarter ended May 1, 2021.

Key Points: 
  • AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced financial results for the fiscal 2022 first quarter ended May 1, 2021.
  • Gross profit was $10.9 million, or 37.4% of revenue in the first quarter of fiscal 2022, compared with $10.9 million, or 35.1% of revenue, in the same period of fiscal 2021.
  • Bookings in the first quarter of fiscal 2022 were $32.8 million, compared with $31.2 million in the first quarter of fiscal 2021.
  • AstroNova will discuss its fiscal first-quarter 2022 financial results in an investor conference call at 9:00 a.m.