LONDON: #BOE Revises growth up to 2% 2017 and maintains interest rates at 0.25% with bonds $12.6 – Billion Corporate Bond Purchases, $550-Billion Gov’t Bond Purchases – Statement – #AceNewsDesk reports – @AceFinanceNews

#AceFinanceReport – 02/02/17: #BOE announces revised GDP Growth of 2% for 2017 and interest rates maintained at 0.25%

12:14: Bank of England Revises Up 2017 UK GDP Growth to 2%, 1.6% in 2018, 1.5% in 2019 – Statement

12:11: Bank of England Keeps 0.25% Interest Rate, Maintains $12.6 – Billion Corporate Bond Purchases, $550-Billion Gov’t Bond Purchases – Statement

#AceNewsDesk reports

EDITOR NOTES: Thanks for following as always appreciate every like, reblog or retweet also our newspaper is added with all our posts daily below: Private Messages to https://t.me/acechatnews

All our other main news can be found Ace News Services Our #Breaking144 news as it happens when it happens can be found at #AceBreakingNews

Featured writers posts here:Ace News Room ​Our daily newspaper is here : Ace Worldwide News

@AceNewsServices

Ace Share News

Advertisements

#AFNews – Caterpillar Inc. announced Tuesday it is moving its global headquarters to the Chicago area as they see it as a growth area in the forthcoming years – @AceFinanceNews

#AceFinanceNews – Feb.02: Caterpillar moving global HQ to Chicago NBC reported on Tuesday

The company previously planned to build a new headquarters complex in downtown Peoria, but those plans have since been canceled.

“Caterpillar’s Board of Directors has been discussing the benefits of a more accessible, strategic location for some time,” said Caterpillar CEO Jim Umpleby in the announcement. “Since 2012, about two-thirds of Caterpillar’s sales and revenues have come from outside the United States. Locating our headquarters closer to a global transportation hub, such as Chicago, means we can meet with our global customers, dealers and employees more easily and frequently.”

A limited group of senior executives and support functions will lead the move to the new leased office space beginning in 2017, the company said.

“We value our deep roots in Central Illinois, and Peoria will continue to be our hometown. The vast majority of our people will remain in this important region where we have many essential facilities and functions,” Umpleby said. “The new location is also an opportunity to add to our talented team while improving the productivity of our senior leaders.”

The current headquarters building in Peoria will still continue to be used for Caterpillar offices, the company said.

“If Caterpillar succeeds globally, we win in Central Illinois,” said Peoria County Board Chairman Andrew Rand. “I’m disappointed we can’t keep every job here, but if moving some of its team near Chicago helps Caterpillar thrive, it will benefit Peoria, our county and the surrounding communities.”

Caterpillar expects about 300 employees in total to be based in the new Chicago-area headquarters, including some positions relocated from Peoria http://bitly.com/2jzFPqw

EDITOR NOTES: Thanks for following as always appreciate every like, reblog or retweet also our newspaper is added with all our posts daily below: Private Messages to https://t.me/acechatnews

All our other main news can be found Ace News Services Our #Breaking144 news as it happens when it happens can be found at #AceBreakingNews

Featured writers posts here:Ace News Room ​Our daily newspaper is here : Ace Worldwide News

@AceNewsServices

Ace Share News

SAN DIEGO — Nearly one-third of households don’t earn enough income to make ends meet in San Diego County, according to a report released Tuesday by CPI – @AceFinanceNews

#AceFinanceReport – Feb.02: Wages don’t cover high cost of living for 33% of San Diego citizens … Fox5 reported

The CPI finding was based on a self-sufficiency standard, which factors in basic family budgets without frills. Unlike the federal poverty line, it takes into account the high cost of housing in the local market.

According to the study, it takes nearly $28,000 for an individual to make ends meet in San Diego. A family with two adults and two children needs almost $89,000.

Read More: Minimum wage in San Diego increases by $1 an hour to $11.50

“When we calculate the actual costs to fully meet families’ basic needs, we find that fully a third of households in San Diego aren’t earning enough,” said CPI Research Director Peter Brownell. “This means that over a million people in San Diego are living in economic insecurity, are living on the edge and are worried about their next meal.”

The percentage of households living below the self-sufficiency standard dropped from 38 percent in the last report, issued by the CPI three years ago.

“The data indicate that the improvement is due to growth of employment, although wages are still not keeping pace with costs,” Brownell said. “In other words, more people are working, but are not earning enough to cover the high cost of living.”

The self-sufficiency standard factors in the costs of housing, child care, food, transportation, healthcare, taxes and miscellaneous expenses.

The federal poverty level for a single adult is $12,331, and for a family of four is $24,036.

EDITOR NOTES: Thanks for following as always appreciate every like, reblog or retweet also our newspaper is added with all our posts daily below: Private Messages to https://t.me/acechatnews

All our other main news can be found Ace News Services Our #Breaking144 news as it happens when it happens can be found at #AceBreakingNews

Featured writers posts here:Ace News Room ​Our daily newspaper is here : Ace Worldwide News

@AceNewsServices

Ace Share News