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Keep restaurant owners out of the tip jar

first_imgThe case for changing the rule is that tip-pooling can help close the wage gap between “front of the house” workers, such as waiters and bartenders, and “back of the house” employees, such as cooks and dishwashers, who earn far less.Under this new proposal, employers would be allowed to collect and redistribute tips — so long as all employees are paid the federal minimum wage of $7.25.(In a majority of states, employers can pay front-of-the-house workers below the minimum wage, if their tips make up the difference.)This argument works only if managers actually do redistribute, however.Restaurant owners say that if they had access to tip revenues, they could more easily expand their businesses and hire more workers.That may sound sensible — but it’s hard to argue that the existing ban on tip-pooling has crimped growth in the restaurant industry.The number of new restaurant jobs created in 2017 exceeds those in health care, construction or manufacturing. Categories: Editorial, OpinionThe following editorial appears on Bloomberg View:This is the time of year when workers expect even the stingiest boss to show a little heart.A proposal by the U.S. Labor Department, however, would make it easier for millions of restaurant owners to indulge their inner Scrooge.This month the department served notice that it intends to once again allow the practice of tip-pooling, which has been prohibited since 2011.That’s fine so long as the change is accompanied by a ban on management taking a cut. Diners tip for food and service, not to help owners defray costs.The numbers aren’t small:There are 4.3 million “tipped” workers in the U.S., 60 percent of whom are in the restaurant sector, and one estimate is that their employers would keep nearly $6 billion of the $36.4 billion in tips they earn each year. The government hasn’t provided its own analysis of the effect of the change. Job creation in the sector has outpaced the rest of the economy every month for the last seven years.For restaurant owners that object to restrictions on their ability to collect tips, there’s another option: eliminate tipping altogether.More than 200 restaurants in the U.S. have started building service costs into the prices they charge consumers — giving owners more predictability and control over revenues, which helps offset higher labor costs.A world without gratuities is still long way off.In the meantime, a common-sense principle should apply: What workers earn should be theirs to keep.That’s no humbug.More from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

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ESG roundup: Alphabet ‘should lead on responsible use of AI’, says Hermes

first_imgThe parent company of Google will hear investor calls for it to lead the way in the responsible development and use of artificial intelligence (AI) at its annual general meeting on Wednesday. Chow said: “The power Alphabet possesses has never been greater, and its responsibilities have never been heavier. Investors are looking to the company and its Board to display leadership in the responsible use of AI and the minimisation of societal risks.”Alphabet is one of the biggest technology companies in the world with a market cap of $753bn.Carbon pricing accord at Vatican summitMajor oil and gas companies, asset managers, and asset owners signed an accord on carbon pricing at the conclusion of a two-day gathering held in Vatican City last week.They agreed that governments should set “reliable and economically meaningful” carbon pricing with the input of the energy sector and investors.According to Vatican News, the Catholic church’s official news outlet, the Pope said carbon pricing was “essential if humanity is to use the resources of creation wisely”.The gathering also produced agreement on a statement about transparency in reporting climate risk, encouraging companies to work with investors on the “evolving” recommendations of the Task Force on Climate-related Financial Disclosures.Investor signatories included the chief executives of BNP Paribas Asset Management, Hermes Investment Management and State Street, as well as José Meijer, vice chair of major Dutch pension investor ABP, and Barbara Novick, co-founder and vice chairman of BlackRock.BP, Exxon and Shell were among the corporate signatories.Vanguard Group and Japan’s pension reserve fund, the Global Pension Investment Fund, put their names to the accord about climate risk transparency, but did not sign the statement about carbon pricing.A spokesperson for Vanguard said: “While Vanguard does not seek to prescribe an approach to carbon pricing, we commit to continued monitoring, engagement, and support for constructive and long-term oriented solutions to mitigate the risks of climate change to our clients’ investment success.”Investors still calling for better environmental reporting More investors have backed a campaign targeting several hundred companies in a bid to get them to change how they report on their environmental impact.This year 88 investors – including asset managers such as Candriam and asset owners such as the Environment Agency Pension Fund – are targeting 707 companies for not reporting certain information with regard to climate change, water security and deforestation.The companies targeted include ExxonMobil, BP, Chevron and Amazon. They are being asked to report the requested information through CDP, an non-governmental organisation that runs an environmental disclosure platform used by investors.CDP said this was the first year it had reported publicly on its disclosure campaign, which had been running for four years and had been successful in driving more transparency from companies.Last year 75 investors took part in the campaign, and 57 took part in 2017. More companies were targeted this year than in previous years: 707, compared with 622 in 2018 and 416 in 2017.Companies targeted in last year’s campaign were more than twice as likely to disclose to CDP than those that were not included in the campaign, according to CDP.Emily Kreps, global director of investor initiatives at CDP, said that although some companies might point to their sustainability reports as disclosure, investors wanted “transparency in the form of consistent, comparable and relevant metrics that are easy to access, compare and benchmark”.“And as for companies that say their investors do not care about these issues, this campaign demonstrates that is simply not the case,” she added. Christine Chow, director of Hermes EOS, Hermes Investment Management’s engagement arm, will address the meeting to call on the company to strengthen board oversight of its use of AI. Hermes EOS’ clients have more than $5.7bn (€5.1bn) invested in Alphabet.Hermes EOS also said it would ask Alphabet to “improve the internal governance structure overseeing AI technologies to harness employee/stakeholder ethical insights” and “regularly monitor and report on the human rights impact for content reviewers and provide sufficient support to staff and contractors”.last_img read more

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Qatargas makes first Q-Flex delivery to Moheshkali LNG terminal

first_imgImage courtesy of QatargasQatargas Operating Company (Qatargas) has delivered the first cargo of liquefied natural gas (LNG) on a Q-Flex vessel to the FSRU Excellence serving at the Moheshkali LNG terminal, located offshore Bangladesh. The cargo, aboard Qatargas-chartered Al Thumama capable of transporting 216,000 cubic meters, was loaded at Ras Laffan on September 4 and delivered to MLNG on September 20, 2019.This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel, Qatar said in a statement.MLNG is a project jointly developed by Excelerate Energy and the Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) on a build, own and operate basis.The FSRU Excellence is under a 15-year charter deal to Petrobangla and carried the inaugural LNG cargo from Qatar in April 2018.The deliveries to Petrobangla are made under a long-term sale and purchase agreement (SPA) signed in September 2017 between Qatargas and Petrobangla to supply up to 2.5 million tons of LNG per annum for 15 years.last_img read more

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Officials defend Drilon vs SONA attack

first_imgCong. Lorenz Defensor (3rd District, Iloilo) said the President should have focused solely on the government’s plans and responses to pressing matters such as the coronavirus disease 2019 pandemic. Duterte started his SONA by accusing Drilon of defending oligarchs, and specifically the Lopezes who own the closed ABS-CBN television network. “Dapat hindi niya ‘yan sinabi sa SONA, dapat sa iba na lang,” Cadiao told Panay News. In closing his SONA on July 27, Duterte again lambasted Drilon. He accused the senator of having a hand in the water concession agreement entered by the government with Manila Water. “I aired my support for the renewal of franchise of ABS-CBN because undeniably the network complements other stations in providing timely and accurate reportage even in the farthest locality unreachable to others, even to the government,” he added. The SONA is delivered by the President of the Philippines every year. In it, the Chief Executive reports on the state of the country, unveils the government’s agenda for the coming year, and may also propose to Congress certain legislative measures. For democracy to thrive, according to Drilon, “We need free press and to allow journalists to exercise complete freedom to do their mandate of reporting facts without fear.” “Kung may mali si Senator Drilon pag-usapan nila sa ibang forum,” said Cadiao who described the senator as “our kasimanwa, he is our neighbor.” The governor, however, said the President may just have been carried away by his emotions. Drilon said he was defending press freedom and not the Lopezes. “Unahon na lang naton ang gusto mabatian sang tawo sa subong pareho sang COVID response, economic stimulus, employment creation,” said Defensor. “Siguro mali ang forum,” said Antique’s Gov. Rhodora Cadiao.center_img The SONA is a constitutional obligation required by Article VII, Section 23 of the 1987 Constitution. ILOILO City – President Rodrigo Duterte should not have used his State of the Nation Address (SONA) to attack Ilonggo Senate minority leader Franklin Drilon, according to some officials in Panay Island. “It is something that is imbued with public interest, No. 1 because of the role of the media. How do I tell the people to follow this executive order kon wala ninyo kami gina-interview? No. 2, it involves a lot of workers and it’s a big investment,” said the governor. “Kon ako lang ‘ya, mas maayo kon nahatag ang franchise,” said Defensor. Drilon also denied having anything to do with the water concession agreement entered by the government with Manila Water. “The closure of the ABS-CBN sent a chilling effect,” he stressed. “Siguro napikon sia. Well, he is just human. Pero sige lang, pagbigyan natin. Pero mali ‘yon,” said Cadiao. For his part, Gov. Arthur Defensor Jr. of Iloilo shared Drilon’s concern over ABS-CBN’s franchise. He found it strange that the President singled out Drilon when the Ilonggo senator was not the only one in the Senate to have opposed the denial of a franchise to ABS-CBN. “I had nothing to do with that contract – not even a period or a comma. I have not seen a copy of that contract. It was signed by the government during the time of President (Fidel) Ramos. I think I was already in the Senate when that was signed. I had nothing to do whatsoever with that contract. I had no participation,” he stressed./PNlast_img read more

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Government, CPL sign contract for use of Guyana National Stadium

first_imgCARIBBEAN Premier League (CPL) yesterday inked its contract with the Government of Guyana, which will allow for Guyana National Stadium to play host to the Guyana Amazon Warriors’ four home fixtures in the T20 spectacle.Guyana Amazon Warriors will battle Jamaica Tallawahs on August 17, Trinbago Knight Riders two days later, followed by a clash against Barbados Tridents on August 22, and would wrap up their four-game home stand against the St Lucia Zouks.The agreement was signed in the boardroom of the Ministry of Education, Department of Culture’s Main Street office by Omar Khan, Team Operations Manager of the Guyana Amazon Warriors, in the presence of Hon. Minister Nicolette Henry and Permanent Secretary Melissa Tucker.Also present at the agreement signing was Anthony Xavier, the General Manager of the Guyana National Stadium.“It’s a significant part of the process and an opportunity for Guyanese to once more enjoy world-class international cricket and entertainment at the National Stadium,” said Khan.Khan noted too that Guyanese have been tremendous supporters of the CPL and of the Guyana Amazon Warriors and he expects that support to continue.Minister Henry at the agreement signing dubbed it an honour on the Government’s behalf to partner once again with the CPL.last_img read more

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Torginol lends support ahead of 2019 Kennard’s Memorial Boxing Day horse race

first_imgTHE 2019 Kennard’s Memorial Turf Club Boxing Day horse race gathered some pace leading up to the annual meet, as long-time sponsors Torginol Paints continued their financial funding of the event.Yesterday’s brief ceremony held at Torginol’s Industrial Site location, where turf club president, Justice Cecil Kennard, received the sponsorship cheque ahead of the upcoming iconic meet which is held every Boxing Day at the Bush Lot venue.Justice Kennard thanked the company for its continued support of the horse racing fraternity – a partnership which has spanned decades and continues to blossom annually as the support is given.Kennard also pointed out that roughly $7M has been injected into the restoration process of the turf club. He said the financial support the club attracts is usually put into refurbishing the venue while helping to offset expenses in other areas.Seven different groups will feature a number of talented jockeys and horses who will compete for almost $2M in prize money. However, the real winner will be the one who rides away with the grand prize of $1M, from the ‘METRO MILLION MILE OPEN’ feature race.Apart from the million-dollar, main event the other classes set for the event include: L NON-EARNER, H & L LOWER, 2-YEAR-OLD MAIDEN, L NON-WINNER, J & K LOWER and L OPEN. Each class fetches lucrative 1st to 4th place prizes which range from $250 000 to $130 000.Continental Group of Companies Office Manager, Ravi Brijnandan, was also elated at the two entities continuing their relationship which he said is important to the culture of horse racing. Brijnandan said the company will not only throw its full support behind the upcoming meet, but will be a part of the club’s future endeavours to ensure that the sport maintains its pedigree.Rules for the meet will fall under the Guyana Horse Racing Authority (GHRA) mandate while entries are set to close on December 16, with all late entries being denied following the date of closure.Meanwhile, Kennard tipped this year’s race to exceed those of the previous years, as more participants are expected. The strong, overseas Guyanese contingent, who have been supporting the event yearly, are set to return home for the Christmas holidays, thus making the race a bigger spectacle. (Clifton Ross)last_img read more

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Arsenal Set to Go Third at Everton

first_imgWith Tottenham and Manchester United not in action this weekend, the Gunners can strengthen their place in the top four in the Premier League with victory. A win would see them move up to third, two points above Spurs.Manager Unai Emery said: “Each match is very important for that. If we win we are third. We want to win so we can hold this position. But it is a long way.“We need to be positive but also realistic. Realistically, Sunday is a very big challenge.”Hector Bellerin, Rob Holding and Danny Welbeck are long-term absentees for Arsenal.Everton have no fresh injury concerns as they look for a third win in a row. Defender Yerry Mina misses out with a thigh injury while Marco Silva says goalkeeper Jordan Pickford is in the right frame of mind to face Arsenal after being involved in a scuffle last weekend.“He has had full focus during the week to prepare for the next match,” said Silva.Everton have lost seven of their last eight Premier League meetings with Arsenal (W1), including the last four in a row. They last lost five consecutively against the Gunners between May 1998 and April 2000.Arsenal have beaten Everton 97 times in league matches – more than any side has beaten another in English Football League history.Arsenal have scored more Premier League goals against Everton (107) than any side has against another in the competition’s history.Everton’s victory against Chelsea in their last home game ended a run of 25 Premier League games without a victory against ‘big six’ sides. They last won consecutive such matches in April 2014, beating Arsenal and Manchester United.RESULTS & FIXTURESNewcastle 0 – 1 Crystal PalaceMan City 1 – 0 BrightonJuventus 2-1 AC MilanBarcelona 2-0 Atletico MadridBayern Munich 5-0 DortmundEverton v Arsenal 2:05pmWatford v Wolves 4pmShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Granit Xhaka and Laurent Koscielny face late fitness tests for Arsenal’s trip to Everton today as the Gunners look to leapfrog Spurs into third place in the Premiership.Defender Koscielny (bruised foot) and midfielder Xhaka (groin) will be assessed while Lucas Torreira is suspended.However, midfielder Aaron Ramsey is expected to be available after training on Friday following a groin issue.last_img read more

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Entire Fenerbahce Team Tested, One Player, Backroom Staff In Hospital

first_imgTurkish football club Fenerbahce said on Wednesday that one of its players and a member of its medical staff had been sent to hospital for coronavirus tests after showing symptoms during a team testing.Last week, Turkey became one of the last countries to suspend its sports leagues, taking the decision after growing pressure from clubs, players and coaches.Turkey had also come under international pressure to postpone competitions after the vast majority of European soccer leagues, and others globally, shut down. The death toll from the outbreak in Turkey rose to 44 late on Tuesday, while the number of confirmed cases of the virus in Turkey rose by 343 to 1 872.In a statement, Fenerbahce said its entire team had been tested for the virus on Wednesday.“Our player and the medical staff member were sent to the hospital for further tests and treatment,” the club said.Fenerbahce’s statement comes two days after Fatih Terim, the coach of their rivals Galatasaray, said he had tested positive for the virus and was being treated in hospital.Besiktas, the third of the “big three” clubs in Turkey, said on Tuesday that none of its players or staff had tested positive for the virus after being tested following Terim’s diagnosis.At the weekend, Fenerbahce said its basketball players and staff members showing coronavirus symptoms were sent to hospital for tests.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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US Under Secretary talks diplomacy

first_imgThe USC Center on Public Diplomacy hosted United States Under Secretary of State for Public Diplomacy and Public Affairs Richard Stengel on Wednesday at a forum discussion on the complexities surrounding public diplomacy in a hyper-connected world. The discussion, “Why We Need to Harden Our Soft Power,” was live-streamed online from Wallis Annenberg Hall.Mr. Secretary · Richard Stengel, the United States Under Secretary for Public Diplomacy and Public Affairs, discussed U.S. policy on Wednesday. – Ralf Cheung | Daily Trojan“Soft power is the communications between people about policy,” said Stengel, a Princeton graduate and Rhodes Scholar. “From a government perspective, it’s about putting people and policy together.”The Under Secretary, a former managing editor of TIME.com, joined the U.S. Department of State last February to provide global strategic leadership for all Department of State public diplomacy and public affairs engagement work, focusing specifically on propaganda from the Islamic State of Iraq and Syria — more commonly known as ISIS or ISIL — and Russia. Stengel discussed the impact that both ISIS and Russia are having on the cybersphere, spreading their message in a multitude of languages and using state-controlled news and entertainment programming to push their opinions onto the populace.“Ninety percent of Russians get 100 percent of their news from state-controlled media,” Stengel said. “There was no answer from the U.S. government [to this information]. In this information environment where you are up against Russian propaganda and this nasty and violent ISIL propaganda, we have to contest the space.”Stengel credits his journalism background for helping him see the media from a different perspective. He is trying to bring speed and efficiency to the government in their dissemination of information to the public.“We have to do a better and more forceful job of getting our ideas out,” Stengel said. “We need to shape the response in real time. We can’t be on our back foot.”Stengel said that though U.S. pop culture has been a huge factor in public diplomacy in the past, its influence has dropped given the rise of other countries’ involvement in the entertainment industry. As such, countries such as Russia and China have utilized their increased media presence to gain more autocratic control in their respective countries. Stengel recounted that a month into his position at the State Department, he witnessed the ramifications of such media involvement in the Russian annexation of Crimea.“We saw the Russians in the social media space laying a predicate for their battleground in Crimea, all before they were actually in the kinetic battlefield,” Stengel said.Though Stengel claims the government’s goal is to spread U.S. public policy, he differentiates that from the Russian and ISIS methods of spreading propaganda. Stengel explained that whereas the United States seeks to explain their own policy goals, Russian and ISIS’s propaganda methods attempt to disseminate a false perception of how things actually are.“As there is a difference between flattery and honest praise, there’s a difference between propaganda and what our policy is,” Stengel said. “We are trying to tell people what our policy is, explaining what our policy is and having a conversation. It’s not about winning hearts and minds.”Stengel stressed the importance of third parties getting involved in spreading the message of U.S. policy and urged the next generation to be involved in this discussion.“I don’t think it will be my generation that solves this problem,” Stengel said. “It will be this generation.”last_img read more