november

Wireless Zone® Donated $25,000 to Best Friends Animal Society® in November

MIDDLETOWN, Conn. (PRWEB) January 24, 2020
Wireless Zone, a Verizon authorized retailer and the nation’s largest wireless retail franchise, recently donated $25,000 to Best Friends Animal Society through its philanthropic Wireless Zone Foundation for Giving. The check presentation took place on November 12, 2019 at the charity’s headquarters in New York City. Best Friends Animal Society is one of the Wireless Zone Foundation for Giving’s core charities—groups supported annually that are selected for their service of all Wireless Zone communities.
The mission of Best Friends Animal Society is to bring about a time when there are “no more homeless pets.” The organization, established in 1984, is determined to end the killing in America’s shelters by 2025 through building community programs and partnerships about the nation by implementing spray/neuter and trap-neuter-return programs to reduce the number of animals who enter shelters and increasing the number of people who adopt pets.
The Best Friends Network brings animal shelters and rescue groups together from across the country to hold mutual adoption events, public education campaigns, and fundraising drives. At any given time, Best Friends Animal Society houses about 16,000 animals receiving the medical support and attention they need in a scenic, healing environment to help them overcome their past. They also advocate for stray and free-roaming cats, strive to combat puppy mills and fight breed discrimination.
“Each year, too many animals end up in shelters through no fault of their own,” said Executive Vice President of Operations at Wireless Zone, founder of an animal rescue shelter himself. “Many people, including myself, consider their pets a part of the family. I know from experience that these animals are resilient and deserve a second chance. Best Friends gives them that.”
The Wireless Zone Foundation for Giving allows for franchisees to participate in other system wide events including the annual Backpack Giveaway to local schools. Franchisees collect funds throughout the year in order to purchase new backpacks stocked with necessary school supplies for children in need. In 2019, Wireless Zone’s third annual Backpack Giveaway gave out an estimated 70,000 backpacks to children in need all across the country. More information about the Wireless Zone Foundation for Giving and its charity partners can be found at https://wirelesszone.com/foundation/.
About Best Friends Animal Society:Best Friends Animal Society is a leading national animal welfare organization dedicated to ending the killing of dogs and cats in America’s shelters. In addition to running lifesaving programs in partnership with more than 2,200 animal welfare groups across the country, Best Friends has regional centers in New York City, Los Angeles, Atlanta and Salt Lake City, and operates the nation’s largest no-kill sanctuary for companion animals. Founded in 1984, Best Friends is a pioneer in the no-kill movement and has helped reduce the number of animals killed in shelters nationwide from 17 million per year to about 1.5 million. That means there are still more than 4,100 dogs and cats killed every day in shelters, just because they don’t have safe places to call home. We are determined to get that number to zero by the year 2025. Working collaboratively with shelters, rescue groups, other organizations and you, we will end the killing and Save Them All. For more information, visit bestfriends.org.
About Wireless Zone:Founded in 1988 as “”The Car Phone Store””, the Wireless Zone system has become the nation’s largest wireless retail franchisor and was ranked the No. 1 franchise in its category by Entrepreneur magazine. Each store is independently owned and operated, exclusively offering Verizon Wireless products and services. The Wireless Zone system has been honored with Verizon’s “Best Customer Service” award for five consecutive years and is franchised and operated by Wireless Zone LLC. For more information, visit http://www.wirelesszone.com.
About The Wireless Zone Foundation for Giving:The Wireless Zone Foundation for Giving was founded in 2003 after identifying a need and desire to give back to our communities. Today the Foundation raises a substantial amount of money to support a large number of local charities and causes in the communities in which we do business. We also have time-honored relationships with our national charities including Make-A-Wish, Autism Speaks, Children’s Tumor Foundation and St. Jude’s as well as No Kid Hungry, Best Friends Animal Rescue, Homes for our Troops and Sandy Hook Promise.

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CMBS Delinquency Rate Maintains Downward Trend in November

Although talks of a possible US recession have been surging, worries about the state of the global economy continue to grow, and trade issues are prevailing, the CMBS market has remained remarkably resilient.

NEW YORK (PRWEB) December 09, 2019
Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its November 2019 US CMBS Delinquency Report. The full report can be accessed here: https://www.trepp.com/november-2019-cmbs-delinquency-report.
The Trepp CMBS Delinquency Rate fell sharply in November, as the index hit another post-crisis low. The November reading is 2.34%, a month-over-month drop of 13 basis points.
The delinquency rate is down 99 basis points year over year. The delinquency rate started to fall after June 2017 when CMBS delinquencies totaled 5.75%. Since then, the rate has fallen in 25 of the last 29 months. Year-to-date, the rate is lower by 77 basis points. The all-time high of 10.34% was registered in July 2012.
“Although talks of a possible US recession have been surging, worries about the state of the global economy continue to grow, and trade issues are prevailing, the CMBS market has remained remarkably resilient,” said Trepp Senior Managing Director, Manus Clancy. “CMBS issuance continued to march on in November and CMBS delinquencies continued to drop, much like they have since July 2019.”
The largest rate drop among major property sectors in November belonged to the office space, with its delinquency reading dropping 53 basis points to 1.97%. The industrial delinquency rate also fell last month, by 46 basis points, reaching 2.00%. Retail delinquencies rose 16 basis points to 4.36%. The retail delinquency reading continues to be the worst-performing major property type.
The overall CMBS 2.0+ delinquency rate rose five basis points in November to 0.94%, while the percentage of CMBS 2.0+ loans in serious delinquency also rose by six basis points to 0.88% from October. The CMBS 1.0 delinquency rate dropped 199 basis points to 41.67% in November and the percentage of CMBS 1.0 debt that is seriously delinquent is also 41.67% (there are no legacy loans exactly 30 days delinquent), a drop of 121 basis points month over month.
For additional details, such as historical comparisons and analysis on all major property types download the November 2019 US CMBS Delinquency Report: https://www.trepp.com/november-2019-cmbs-delinquency-report. For daily CMBS and CRE commentary, follow @TreppWire on Twitter.

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U.S. Private Sector Job Quality Index (JQI)® November 2019

“The JQI declined insubstantially as expected, showing continued pressure from low quality employment. ”

NEW YORK (PRWEB) December 06, 2019
Following the release of the Employment Situation Report for November 2019 by the U.S. Bureau of Labor Statistics (BLS), the U.S. Private Sector Job Quality Index (JQI)® has been revised to a level of 80.39, representing a decline of 0.04 % from its level one month ago and reflecting an increase in the proportion of U.S. production and non-supervisory (P&NS) jobs paying less than the mean weekly income of all P&NS jobs, relative to those jobs paying more than such mean. The mean weekly income of all P&NS jobs as of the current reading (reflecting the level as of September 2019) was $794, a change of 0.9% from its level the month prior.
The JQ-Instant™ preliminary read of the 254,000 increase in all private sector, non-farm payrolls in November 2019 shows that approximately 47.76% of the change in private sector jobs in October was in industry sectors offering P&NS jobs with an average weekly income below the above mean weekly income of all P&NS jobs (i.e. “Low Quality Jobs”). The JQ-Instant readings for the months of October and November were impacted by the departure and return of manufacturing workers associated with the strike at General Motors Corporation. The average of the JQI-Instant readings for the two months indicated 65.53% Low Quality Job formation for that period.
Daniel Alpert, co-creator of the U.S. Private Sector Job Quality Index, said, “We are excited to generate the first monthly release of the JQI and its companion index, the JQ-Instant – relating to today’s private sector job gains data. The JQI declined insubstantially as expected, showing continued pressure from low quality employment. The JQ-Instant was impacted in October and November by the exit and entry of striking workers at General Motors, and the two months are best viewed on average. Averaged together they indicate about 65% of the net jobs gained were of low quality during the period.”
This news release presents data from the most recent JQI reading calculated through the month immediately prior to the month covered by this release. The JQI assesses job quality in the United States by measuring desirable higher-wage/higher-hour jobs versus lower-wage/lower-hour jobs. The JQI offers a near-real time analytical tool to policymakers, researchers and financial market participants with relevance to a variety of trends in the economy at large. The JQI analyzes a representative sample of the economy using production and non-supervisory job (P&NS) data from 180 different industry groups spanning across all 20 super-sectors into which the BLS groups establishments. The principal data utilized is contained in the Current Employment Survey (CES, also often referred to as the establishment survey) P&NS data on average weekly hours, average hourly wage and total employment for each given industry group (seasonally adjusted, in all cases). The JQI is updated on a monthly basis contemporaneously with the release of new CES data from the BLS.
The JQ-Instant reading is for the month covered by this release and has implications for the likely direction of the JQI itself in future months. As the JQI is reported as a three-month rolling average of actual monthly readings, significant imbalances (readings varying from an even distribution between high and low quality jobs) in the JQ-Instant results would suggest future JQI readings moving in the direction of the dominant side of such distribution.
The U.S. Private Sector Job Quality Index (patent pending) is a joint development of the Program on the Law and Regulation of Financial Institutions and Markets at the Jack G. Clarke Institute of Cornell Law School, the University of Missouri Kansas City Department of Economics, the Coalition for a Prosperous America, and the Global Institute for Sustainable Prosperity.
For more information, and to read the full report, visit https://www.jobqualityindex.com/.
[© 2019 JQI IP Holdings LLC.] “Private Sector Job Quality Index” and “JQI” are registered trademarks of JQI IP Holdings LLC. The Private Sector Job Quality Index is patent pending, application number US 62/900,923. Cornell logo and Cornell Law School and Jack G. Clarke Program names and references used with permission.

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