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Rich man: Poor man in New York

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Henry MeierNew York has a schizophrenic relationship with wealth.  On one hand it prides itself on having a progressive pro-labor tradition in which it leads the way in protecting the average Joe against the perceived inequities of capitalism.  On the other hand, there is no state that has benefitted as much — including California — from a commitment to entrepreneurialism and unabashed capitalism.Today’s news highlights this dichotomy and the unique implications it has for New York.  First, President Obama is once again highlighting the regulatory powers of the Executive Branch by directing his Department of Labor to update regulations under the Federal Fair Labor Standards Act (FLSA).  Under the Act, non-exempt employees who work more than 40 hours per week are entitled to overtime.  However,there are various exceptions to this requirement including for executive and administrative employees who make more than $455 a week.  This threshold was last set in 2004.  Critics of the regulations claim that it hasn’t kept pace with inflation.The extent to which the regulations ultimately promulgated by the Department of Labor will impact New York remains to be seen.  New York has its own Fair Labor Standards Act and its threshold for non-exempt employees is already much higher than the federal threshold, $600 per week which will rise to $675 per week by 2016.Now for the rich man part of New York State.  According to a recently released report by New York’s Comptroller Thomas DiNapoli, the average bonus in the securities industry grew by 15% to a mere $164,530 in 2013.  According to the Comptroller, this is the largest average bonus since 2008 and the third highest on record. continue reading »last_img read more

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Getting to know you

first_imgTo continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe now for unlimited access Get your free guest access  SIGN UP TODAY Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our communitylast_img read more

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We must balance noise and overheating in urban housing

first_imgStay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Get your free guest access  SIGN UP TODAY Subscribe now for unlimited access To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our communitylast_img read more

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DEME completes East Anglia One installations

first_imgWorking for SGRE, DEME began the turbine installation in June 2019. The vessels Sea Installer and Sea Challenger were deployed for the project, located 43 km off the coast of Suffolk.Michael Glavind, business unit director at DEME, said: “Together with Scottish Power and our client SGRE, we navigated through the Covid-19 challenges and successfully maintained operations, with the last turbine safely installed.”www.deme-group.comwww.siemensgamesa.comlast_img

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Ultra-Low Phase Jitter VCXO for Coherent Optical Modules and Base Stations

first_imgThe ever increasing need for bandwidth is pushing up requirements of communications equipment. Fiber optical communication systems are evolving from intensity modulation to coherent modulation techniques. Coherent modulation techniques require low close-in phase noise reference signals at high frequencies. The RVG1490L series with its capability to generate frequencies beyond 2 GHz at very low phase noise enables coherent optical transport systems. Rakon customers have been able to build cutting edge 100G coherent optical transport equipment by incorporating the RVG1490L with frequencies ranging from 1.8 GHz to 2.2 GHz.The RVG1490L excels in radio applications. 5G, and other wireless transport applications are moving towards millimeter‐wave frequencies. With low close‐in phase noise capabilities, this product is able to provide clean, high frequency references with minimal contribution to EVM (Error Vector Magnitude) at high QAM (Quadrature Amplitude Modulation) rates for improved data throughput.This VCXO may also be used as a reference for FPGAs in high speed interface applications and references for ADC/DACs in high speed data converters. Rakon has announced the release of their new RVG1490L product series, a high performance VCXO that delivers frequencies up to 2.2 GHz with ultra-low RMS phase jitter (as low as 15 fs typ. 12 kHz to 20 MHz). The RVG1490L is an ideal solution for Coherent Optical Networking and high speed ADC/DAC/SERDES clocking, where excellent oscillator phase noise and jitter is critical to system performance. This product is also available as an XO, as Rakon’s RXG1490L series.Key features: It is designed for applications that require high frequencies and ultra-low RMS phase jitter, such as Coherent Optical Modules and Base Station Radio Units.center_img Output frequency: 1.0 to 2.2 GHz Package size: 14.0 x 9.0 mm, with model height options of 2.8 mm and 3.3 mm RMS phase jitter as low as 15 fs (12 kHz – 20 MHz integration band) Sinewave, Differential Sinewave or LVPECL outputs available Lower temperature sensitivity than SAW-based oscillators.last_img read more

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FaZe Clan dials up partnership with Verizon

first_imgRELATED: FaZe Clan, NRG, Pittsburgh Knights show interest in joining LCKJohn Nitti, Chief Media Officer of Verizon, added: “We are excited to team up with a partner like FaZe Clan to demonstrate the power of Verizon’s 5G Ultra Wide Band network to their massive gaming community. This partnership will enable opportunities to bring gaming content, entertainment and events to the next level for players, fans, and content creators around the globe.”As for FaZe Clan, the esports organisation has been well off to a red-letter year. The ingredients of which include deals with G FUEL, Sugar23, and CTRL, as well as a $40 million (£32 million) Series A funding round led by entrepreneur Jimmy Iovine.Esports Insider says: This makes a lot of sense for Verizon, FaZe Clan is huge not only in esports but in online media as a whole. If the telco giant is looking to get gamers to consider its offering, this appears to be the right deal to make that happen.Follow ESI on Instagram North American organisation FaZe Clan has welcomed telecommunications company Verizon as its exclusive 5G partner.The agreement provides Verizon team exclusivity for both professional players and content creators across the FaZe Clan organisation. Photo credit: FaZe ClanRELATED: FaZe Clan’s investment in CTRL showcases creativity in influencer marketingFaZe Clan and Verizon will collaborate on live events and original content which demonstrates “the transformational experience” Verizon’s network offers for players, fans, and creators.Jaci Hays, COO of FaZe Clan, commented on the partnership in a release: “FaZe Clan is incredibly proud to be in business with Verizon. Their 5G network built for gamers is truly going to help our business by supporting our competitive players, our streamers and content creators by unlocking new capabilities in technology. We look forward to unveiling unbelievable custom content in the coming months, furthering our livestream programming and working together on experiential marketing for gaming consumers and our extremely passionate FaZe Clan fan base.”Last month, Verizon ushered in a three-year partnership with the League of Legends Championship Series (LCS) which also included its 5G Ultra Wideband network. A few months prior in January, the telecommunications company entered a strategic partnership with Dignitas to develop a training facility for the organisation. 10 Sec ESI London – Franchised leagues in esports. CARMAC vs lurppis NextStay ESI London – Franchised leagues in esports. CARMAC vs lurppisNOW PLAYINGThis year in esports- Investments, sponsorships and deals in 2019NOW PLAYINGTEAMS wins The Clutch DigitalNOW PLAYINGHector ‘H3CZ’ Rodriguez – ESI Hall of Fame Inductee 2019NOW PLAYINGESI Hall of Fame 2019 – #ESIHOFNOW PLAYINGMarcus ‘djWHEAT’ Graham – ESI Hall of Fame Inductee 2019NOW PLAYINGHeather ‘sapphiRe’ Garozzo – ESI Hall of Fame Inductee 2019NOW PLAYINGESI London 2019NOW PLAYINGThe best MMOs in 2020NOW PLAYING Arrow Left #1 Icon Created with Sketch. Arrow right #1 Icon Created with Sketch. last_img read more