#EconomicImpact

[curiositydidnotkillthecat2]

Something about Venetian ghetto

The first ghetto in Italy was established in Venice on March 29, 1516. The Republic of Venice ordered the Jewish residents to move to an area where an old, disused foundry once stood. This area was called the "ghetto," a term derived from “geto de rame” (copper casting), referring to the practice of dumping copper waste in that deserted spot.

In the centuries leading up to the ghetto's creation, Jews primarily lived in towns on the Venetian mainland, with only a few families residing permanently in Venice. Mainland Jews, excluded from guilds and barred from owning property, were forced to earn a living through pawn lending or trading used goods. They were allowed to stay in Venice for no more than fifteen consecutive days, during which they conducted business at the Rialto market before returning to Mestre. Some Jews were also permitted to practice medicine.

However, after Venice's defeat at the Battle of Agnadello (1509), during a time of social and economic difficulty, the Venetian government allowed Jews to settle in the historic center in exchange for an annual contribution of 6,500 ducats. Many Jewish families moved into homes near Rialto, causing significant protests, particularly from certain preaching friars. In 1515, the Venetian Senate proposed allowing Jews to remain in the city due to their economic contributions but decided to isolate them in specific areas.

Thus, in 1516, the Venetian government decreed the segregation of Jews into a special district, creating the first ghetto in history. Jews were required to wear a yellow cap, except for certain doctors and bankers. The ghetto was surrounded by high walls, with gates that were locked every evening and reopened at dawn. Guards, paid by the Jewish community, patrolled the area day and night, including the surrounding canals.

[voicesforvoices]

How 9/11 Created A Mental Health Crisis | Episode 119

[unpluggedfinancial]

Will Trump Buy Bitcoin as a US Treasury Reserve Asset? - Unplugged Financial

Could Bitcoin be on the verge of a historic breakthrough? Join us at Unplugged Financial as we explore the explosive possibility of Donald Trump endorsing Bitcoin as a US Treasury reserve asset.

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[vibewire]

Consumer attitudes sour amid Trump’s tariff escalation: Survey

Consumer attitudes worsened in April as President Donald Trump’s new tariffs triggered market upheaval and warnings of a possible recession, University of Michigan survey data on Friday showed. Sentiment soured more than economists expected. The survey marked the fourth consecutive month of dampening consumer attitudes, data showed. Consumers expect inflation to worsen, the survey said. learn more

[sesyanarumi]

Economic Contributions of Japanese Tourists on Australia

Economic Contributions of Japanese Tourists on Australia - The economic contribution of Japanese tourists to Australia is examined in a series of categories. Expenditure data by state reveal significant differences in the origins and patterns of tourism. Expenditure by Japanese tourists is concentrated in a relatively small number of destinations reflecting the needs of group travel. Where destinations become popular, the economic benefits to the local community are substantial. For instance, the presence of an average load of tourists throughout the year can provide gainful employment for a regional workforce, create a choice of budget or luxury residential accommodation, and satisfy the needs of a variety of recreational suppliers and essential services.

Japanese tourism generates close to $1.5 billion income annually between the transport, entertainment, and retail industry sectors from the purchase of transport and tour services and the acquisition of a wide range of consumer goods. In addition, hotels, catering, and public houses receive $0.7 billion income, which is used principally to pay wages to employees. These disbursements generate further economic activity residing in areas external to the leisure industry since the populations of Australian cities and resort centers can utilize their incomes to buy goods and services such as food, shelter, clothing, and transport.

The degree of economic resilience of Australia, cities, and resort centers is influenced by the fraction of profits arising from Japanese tourism that increase accumulations of Australian-owned capital or, alternatively, are repatriated to foreign investors. Australia, as well as the local communities of cities, has access to matters since significant participation in the ownership of hotel properties and tourism businesses can enhance economic benefits generated from a country's attention to the tourist needs of foreign visitors. The expansion of Australian ownership requires substantial risk and the allocation of financial resources. Although there is a shortage of quantitative information to indicate the current level of foreign investment in tourism facilities in Australia, it is inferred that a substantial level of such ownership is resident in the offshore captive funds of Japanese financial institutions that have specialized in hotel acquisitions around the world. The enhanced appeal of major Australian cities and resort destinations for the entertainment and recreation of Japanese visitors and the increasing desire of Australians to obtain exposure to Southeast Asian culture in order to reflect the present cultural dimension of Australasia provide a foundation for selected groups of international guests arriving at major convention and conference venues. However, the foreign presence of offshore real estate funds can expose domestic tax jurisdictions to potential tax avoidance by foreign nationals seeking to apply legal reduction definitions despite the availability of various international double tax treaty safeguard clauses.

Spending Patterns

Since the Japanese economy has been especially affected by the recession, with its attendant depreciation pressures on the yen, it is important to examine the factors that influence Japanese tourist spending. Overall spending patterns for Japanese tourists to Australia indicate that Australia is an expensive destination for the Japanese when it is considered that the distance is greater than for Hawaii, which is the most preferred destination in the Pacific. Also, Australia is a relatively higher-priced destination compared to Southeast Asia. Japanese tourist awareness of Australia is low, and they invariably come to see the animals and the Barrier Reef. On spending, the major components are visiting attractions, meals, and accommodation, as expected.

Japanese tourists are not shy about spending, displaying a more income-flexible pattern compared with other sorts of spending. It is important at the budget stage for Japanese tourist marketers to try and maximize the days tourists spend in Australia. Policies that leave spending to the discretion of the tourists while in Australia, such as relaxation of duty-free allowances, would be favored over direct income stimulus as a way of influencing budgets. The greater income flexibility is shown in the elasticity, which was found to be lower than -1.0 in relation to the visits. Factors encouraging a longer stay will act in synchrony to encourage further spending in Queensland (an average of 62.2 nights across all destinations), and so policies aimed at getting Japanese holidaymakers to see more will bear more fruit than they appear, at first sight, to be worth.

Job Creation in the Tourism Sector

In 1994, it was estimated that there was on average 1.14 jobs created from each Japanese visitor to Australia. Another estimate was slightly lower at 0.98 and up to a low estimate of 0.9. This would result in a total of around 31,000 to 35,000 jobs directly or indirectly supported by Japanese origin visitors to Australia. Once worker redistribution and other factors were taken into account, there was a net employment effect of between 21,000 and 27,000 jobs directly sustained by Japanese origin visitors in Australia. An analysis of the impact of tourists and their spending in Australia was then conducted. This analysis used input-output tables of the two major cities and tourist-dependent areas and determined that at least 23,300 jobs in Sydney and 15,700 in Queensland directly resulted from the visitors to those locations. These jobs had been calculated to be a result of the cash spent, which was $3.5 million and $2 million respectively.

It can be seen that both of these two sources have over 1 job created from each Japanese tourist. However, when the burden of new infrastructure and other outgoings on the general and state governments' budget is tallied, it can be seen that between one to three jobs are lost for every 9 or 10 new Japanese tourists. Some workers lament that the distribution of Japanese tourist cash is lopsided and that little is passed on to citizens residing in tourist areas. It was found that no new jobs could be attributed to Japanese tourism in the area that was being studied. Sister markets, especially Queensland, had received significant funding, support, and backing from their Japanese counterparts and had a high profile in Japan, which would have reflected negatively on the brother area.

[zamin-en]

The gap between rich and poor is growing due to artificial intelligence http://dlvr.it/TJyTWZ

[rainsmediaradio]

ICYMI: Stakeholders Predict Food Price Hike as Imports Rise by 51% http://dlvr.it/TJhSpZ Follow, Like & Share

[munaeem]

Understanding the H-1B Visa: Impacts on Tech Jobs

Hey there! So, you��ve probably heard some chatter about the H-1B visa lately—it’s been popping up everywhere, from X to your uncle’s heated Thanksgiving rants. If you’re wondering what the fuss is about, grab a coffee and let’s unpack this together. Imagine we’re just kicking back on a porch swing, breaking down the latest political hot potato: Are foreign workers snagging American tech jobs…

[nikath-852]

Heera Group Case: Supreme Court Grants 3 Months for Rs 25 Crore Deposit

Introduction

On March 5, the Supreme Court hearing of the Heera Group of Companies case brought several surprising developments to light. The case, centered around Dr. Nowhera Shaik and her company, has garnered significant attention due to its complex nature and the substantial amounts involved. This blog post delves into the recent hearing, exploring its implications for the Heera Group and its investors.

Supreme Court Hearing Details

The Supreme Court, after considering various aspects of the case, pronounced a significant decision. They granted Dr. Nowhera Shaik an additional three months to deposit Rs 25 crore, as previously ordered. This decision came amidst heated discussions and differing viewpoints from various parties involved.

Key Points from the Hearing:

Three-month extension for Rs 25 crore deposit

Debate over the necessity of additional payments

Discussion on the value of properties already handed over to the Enforcement Directorate (ED)

Government Departments' Stance

One of the most surprising elements of the hearing was the insistence by some government departments to "Send Dr. Nowhera Shaik to jail." This aggressive stance was met with resistance from the judge, who questioned the logic behind such a move, asking how incarcerating the CEO would facilitate repayment to investors.

Heera Group's Legal Challenges

The Heera Group's legal team faced several challenges during the hearing:

Justifying the need for additional deposits when valuable properties worth Rs 1200 crore have already been given to the ED

Explaining how to arrange Rs 25 crore without operational business or property sales

Addressing allegations of property undervaluation and mismanagement

Property Attachments and Valuations

A significant point of contention in the case revolves around the properties owned by the Heera Group:

Properties worth Rs 1200 crore handed over to the ED

Allegations of properties being sold at significantly undervalued prices (e.g., Rs 100-200 crore properties being sold for Rs 25-30 crores)

Claims of unauthorized occupation of Heera Group properties by government and non-government entities

Media Coverage and Public Perception

The media's role in shaping public opinion about the case has been notable:

Some outlets accused of emotional and biased reporting

Focus on sensational aspects like potential jail time for Dr. Nowhera Shaik

Limited coverage of the company's efforts to repay investors

Heera Group's Efforts to Repay Investors:

Distribution of hundreds of crores in cash

Distribution of gold ornaments to investors

Impact on Business and Employment

The case has broader implications for the business environment in India:

Concerns about the impact on employment and economic growth

Fears that protracted legal battles may discourage entrepreneurship

Calls for a more balanced approach to resolving business disputes

Dr. Nowhera Shaik's Perspective

Throughout the legal proceedings, Dr. Nowhera Shaik has maintained a consistent stance:

"I am legally right, so we do not need to be afraid in any way."

Her determination to restart the company's operations remains strong, bolstered by recent Supreme Court recognition of the company's right to operate.

Conclusion

The Heera Group case continues to evolve, with the recent Supreme Court hearing bringing new developments and challenges. As the company works to meet the court's requirements and address investor concerns, the case raises important questions about the balance between investor protection and business continuity in India's legal and economic landscape.

The coming months will be crucial for the Heera Group as they work to fulfill the Supreme Court's orders and potentially resume operations. Investors and industry observers will be watching closely to see how this complex case unfolds and what precedents it may set for future business disputes in India.

[voicesforvoices]

How Autism Changed Our Family Forever | Episode 120

[knowledge-infinity]

From expanding trade to cultural fusion, globalization is transforming the world. But with opportunities come challenges—how do we navigate them? Read now

[vibewire]

US stocks close sharply lower, wiping away some of historic rally a day earlier

U.S. stocks closed sharply lower on Thursday, wiping away some of the previous day’s rally as investors digested President Donald Trump’s decision to suspend some tariffs while escalating a trade war with China. Hours after markets opened, the White House said U.S. tariffs on China stand at 145%, more than the 125% levy that had.........

[bulbul620]

Trump scales back tariff orders: Here is the latest tariff news, explained

It’s been another chaotic week of shifting tariff updates from Washington, following the expiration of the month-long Read More...

[eamimmigration]

U.S.-Canada Trade War Begins!

Canada hits back with 25% tariffs on 142 U.S. products like peanut butter, pizza, beer & clothing! Prices are set to soar as businesses drop U.S. imports. Will this push Canadians to support local?

💬 What do you think?

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