Vice-president and Democratic presidential candidate Kamala Harris unveiled her economic campaign proposal in North Carolina to build what she called an “opportunity economy” focused on the middle class.She said in Raleigh: “Your salary should be enough to provide you and your family with a good quality of life … such as, no child should have … Read more
Economy Montana’s housing crisis is a warning for older homeowners across the country Eliza Relman 2024-07-10T09:56:03Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn … Read more
As loyal Vault readers know, the lead-up for Washington to confront the expiring Trump tax cuts at the end of 2025 is in full swing. That’s already playing out at full speed in the lobbying world, giving a hint of the frenzy to come and the money on the line next year. Big business groups are springing into … Read more
WASHINGTON (TND) — Former President Donald Trump’s tax cuts are scheduled to expire at the end of 2025. The Tax Foundation told CNBC that if Congress doesn’t take action, more than 60% of Americans could face increased taxes. Former White House economic adviser Steve Moore joined The National Desk Wednesday morning to discuss the issue.The … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
Fact: The governments of Cyprus and Egypt signed a memorandum of understanding to facilitate Egyptian nationals wanting to work in Cyprus.
Fact: Construction of two new desalination plants in Limassol and Famagusta is under review due to prevailing drought conditions and water shortage fears.
Cyprus is facing a severe water shortage with reservoir levels at a record low. The lack of rainfall has left many dams below average capacity, with the largest dam, Kouris, holding only 41.9 million cubic meters of water compared to 61 million last year. Overall, national water storage is at just 42.1% of capacity, down from 65.6% last year. The situation is expected to worsen as temperatures rise in the approaching summer months.
The cost of buying houses or apartments in Cyprus has become a big issue, especially in recent years. The level of residential rents has increased by around 20% in the last 2 years. Various proposals have been made to alleviate the problem, including increasing area ratio, abolishing minimum areas, and creating low-cost units. Immediate measures are needed to address the housing crisis, such as tax reductions for landlords who rent out apartments and implementing summary eviction procedures. Colleges and universities could also play a role in providing housing for students. The Housing Finance Corporation and Land Development Agency may not be able to effectively address the issue.
Cyprus is facing a nursing shortage of between 450 and 500 nurses, which is impacting the operations of clinics and hospitals. The shortage is expected to increase as nurses retire. To address this issue, the employers’ and industrialists’ federation (Oev) is suggesting hiring nurses from third countries and utilizing third country nationals who study nursing in Cyprus. Private hospitals are already struggling to find staff to hire, and there are concerns about lowering the number of hours required to train nurses in Cyprus, which could impact patient safety.