Keating

1 in 5 Australian workers are either underemployed or out of work: white paper

Retrieved on: 
Monday, September 25, 2023

Today’s employment white paper has adopted the broadest-ever definition of what “full employment” means for Australia.

Key Points: 
  • Today’s employment white paper has adopted the broadest-ever definition of what “full employment” means for Australia.
  • The new paper says closer to 2.8 million Australians are either underemployed or out of work – equivalent to one-fifth of the current workforce.
  • The white paper still cautions that “full employment” does not mean zero unemployment.

Underemployment and unemployment approach 2.8 million

    • While 539,700 Australians are unemployed, there are another 1 million who are employed but want to work more.
    • And there are another 1.3 million “potential workers” who are interested in working, but not currently actively looking.
    • This lifts the total number of Australians who are in some way unemployed to 2.8 million, according to the white paper.

Employment white papers date back to WWII

    • This isn’t the first Australian government employment white paper.
    • That 1945 white paper was inspired by the British white paper released in 1944, which set out an ambitious plan to carry forward the high employment achieved during wartime into peacetime.

No specific target for our unemployment rate

    • The 1965 Vernon Report on the economy was more optimistic, defining full employment as an unemployment rate of 1 to 1.5%.
    • The Keating government’s Working Nation paper – released in 1994 when unemployment was almost 10% – adopted a target of 5% by 2000.
    • The words, but not the numbers, in today’s employment white paper are consistent with an unemployment rate of 4% or lower.

Few ideas for lifting productivity

    • The white paper identifies labour productivity (output per hour worked) as crucial to increasing the purchasing power of wages, yet details few ideas for increasing it.
    • Labour productivity has slowed over recent decades, and in recent years has actually fallen.
    • Declining labour productivity is also likely to reflect the gradual shift from manufacturing to services.
    • Read more:
      Government's employment white paper commits to jobs for all who want them – and help to get them

      But weak productivity probably also reflects other things.

Sierra Space Advances to the Forefront of Commercial and National Security Policy in the Orbital Age™

Retrieved on: 
Wednesday, March 15, 2023

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    To lead this dynamic new organization, Sierra Space recruited one of Washington, D.C.’s most prominent and seasoned government operations executives.
  • Tim Keating will serve as Chief Strategy Officer and Senior Vice President, Global Government Operations.
  • With Keating at the helm of this new group, Sierra Space will fully integrate three of its critical business functions: long-term strategic planning, global government operations and business development.
  • He was a member of Boeing’s executive council and led the company’s public policy efforts, including all federal, state and local government operations.

Mobile Infrastructure Corporation To Be Publicly Listed In Merger With Fifth Wall Acquisition Corp. III

Retrieved on: 
Tuesday, December 13, 2022

Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.

Key Points: 
  • Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.
  • This document relates to the proposed merger involving Fifth Wall Acquisition Corp. III ("FWAC") and Mobile Infrastructure Corp. ("MIC").
  • FWAC is sponsored by Fifth Wall Acquisition Sponsor III LLC (the "FWAC Sponsor"), which is an affiliate of Fifth Wall.
  • However, FWAC is an independent publicly-traded company, and not a member of Fifth Wall or the Fifth Wall Group.

Mark A. Weiss Promoted to Senior Vice President and General Counsel of American Financial Group, Inc.

Retrieved on: 
Thursday, November 10, 2022

American Financial Group, Inc. (NYSE: AFG) is pleased to announce the promotion of Mark A. Weiss to Senior Vice President and General Counsel of American Financial Group, Inc., effective December 1, 2022.

Key Points: 
  • American Financial Group, Inc. (NYSE: AFG) is pleased to announce the promotion of Mark A. Weiss to Senior Vice President and General Counsel of American Financial Group, Inc., effective December 1, 2022.
  • Mr. Weiss joined AFG in 2010 as Assistant Vice President and Assistant General Counsel.
  • In 2015, he was promoted to Vice President, and he assumed the role of Chief Compliance Officer in 2020.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Former City of Cincinnati Mayor John Cranley Returns to Keating Muething & Klekamp

Retrieved on: 
Monday, June 6, 2022

Cranley rejoins KMK Law after serving as the 69th Mayor of Cincinnati, Ohio from 2013-2022.

Key Points: 
  • Cranley rejoins KMK Law after serving as the 69th Mayor of Cincinnati, Ohio from 2013-2022.
  • John Cranley provides KMK Law clients with a unique background of legal experience and government service, said Alan Fershtman, Managing Partner at KMK Law.
  • John Cranley had previously practiced at KMK Law in the firms Real Estate and Bond & Municipal Groups from 2009 2013 until he was elected Mayor of Cincinnati.
  • John served as the 69th Mayor of Cincinnati, Ohio from 2013-2022, where he led an unprecedented revitalization of the city.

Blackstone Energy Partners Announces Majority Investment in Geosyntec, Leading Global Provider of Environmental Engineering, Design, and Consulting Services

Retrieved on: 
Tuesday, May 10, 2022

Blackstone (NYSE: BX) announced today that Blackstone Energy Partners (Blackstone) has agreed to make a majority investment in Geosyntec Consultants, Inc. (Geosyntec).

Key Points: 
  • Blackstone (NYSE: BX) announced today that Blackstone Energy Partners (Blackstone) has agreed to make a majority investment in Geosyntec Consultants, Inc. (Geosyntec).
  • Geosyntec is a leading environmental engineering and design consulting firm, focused on delivering technical solutions to a wide range of clients to address their environmental restoration, geotechnical, coastal, water quality and supply, infrastructure, and energy transition needs.
  • Blackstone Energy Partners, Blackstones energy-focused private equity business, is a leading energy investor with a successful long-term record, having invested over $20 billion of equity globally across a broad range of sectors within the energy industry.
  • In the process, we build stronger, larger scale enterprises, create jobs, and generate lasting value for our investors, employees, and all stakeholders.

Livingstone Advises Messenger Holdings on Sale to PNC Riverarch Capital

Retrieved on: 
Tuesday, February 8, 2022

CHICAGO, Feb. 8, 2022 /PRNewswire/ -- Livingstone is pleased to announce the sale of Messenger Holdings, LLC ("Messenger" or the "Company") to PNC Riverarch Capital ("Riverarch").

Key Points: 
  • CHICAGO, Feb. 8, 2022 /PRNewswire/ -- Livingstone is pleased to announce the sale of Messenger Holdings, LLC ("Messenger" or the "Company") to PNC Riverarch Capital ("Riverarch").
  • PNC Riverarch Capital is a middle-market private equity firm.
  • PNC Riverarch invests in market-leading companies where it can partner with management to support accelerated growth.
  • PNC Riverarch is based in Pittsburgh and is the private equity affiliate of The PNC Financial Services Group.

Platinum Equity Completes Sale Of Multi-Color Corporation

Retrieved on: 
Monday, November 1, 2021

LOS ANGELES, Nov. 1, 2021 /PRNewswire/ --Platinum Equity announced today the sale of Multi-Color Corporation (MCC), a global leader in label solutions, has been completed.

Key Points: 
  • LOS ANGELES, Nov. 1, 2021 /PRNewswire/ --Platinum Equity announced today the sale of Multi-Color Corporation (MCC), a global leader in label solutions, has been completed.
  • Platinum Equity acquired MCC in 2019 in a public-to-private transaction and combined it with WS Packaging, another US-based labelling company the firm acquired in 2018.
  • Latham & Watkins LLP and Keating Muething & Klekamp PLL served as legal counsel to Platinum Equity on the sale of MCC.
  • The firm is currently investing from Platinum Equity Capital Partners V , a $10 billion global buyout fund, and Platinum Equity Small Cap Fund , a $1.5 billion buyout fund focused on investment opportunities in the lower middle market.

CBL Properties Announces Promotions

Retrieved on: 
Monday, September 20, 2021

CBL Properties (OTCMKTS:CBLAQ) today announced a number of promotions including two promotions to Executive Vice President and six to Senior Vice President as well as eight new Vice Presidents.

Key Points: 
  • CBL Properties (OTCMKTS:CBLAQ) today announced a number of promotions including two promotions to Executive Vice President and six to Senior Vice President as well as eight new Vice Presidents.
  • We are pleased to announce these promotions which recognize the significant depth and breadth of leadership within the CBL organization.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
  • CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

Statement by the Prime Minister on the death of Senator Judith Keating

Retrieved on: 
Friday, July 16, 2021

OTTAWA, ON, July 16, 2021 /CNW/ - The Prime Minister, Justin Trudeau, today issued the following statement on the death of Judith Keating, Q.C., Senator for New Brunswick:

Key Points: 
  • OTTAWA, ON, July 16, 2021 /CNW/ - The Prime Minister, Justin Trudeau, today issued the following statement on the death of Judith Keating, Q.C., Senator for New Brunswick:
    "Today, I join Parliamentarians, the people of New Brunswick, and all Canadians to mourn the passing of the Honourable Judith Keating, Q.C., Senator for New Brunswick.
  • "Ms. Keating will be remembered as a distinguished legal and constitutional expert and as a champion for women's empowerment in the legal profession.
  • She was the first woman to serve as Deputy Minister of Justice and Deputy Attorney General of New Brunswick.
  • Award in recognition of her significant work in the legal profession and her role as a mentor to women.