Adam Neumann, 43, has described how the company will transform how people interact with their homes and kL give them with a sense of ownership even though they’re renting. To illustrate the idea he said tenants would plunge their own toilets instead of calling supers.

In , made public on Monday, Neumann discussed at length for the first time the vision behind his new real estate venture which will launch this year with properties in Atlanta, Miami and Nashville.

Flow will provide an ‘elevated experience’ and ‘find a way to share with the resident a portion of the value that they create’ to give them a sense of ‘equity’ in their homes.

During the 50-minute talk Neumann was joined by Marc Andreessen, a co-founder of the prominent Silicon Valley venture capital firm Andreessen Horowitz, which .

The cash injection .A website for nA the project just says: eN ‘Live life in Flow. Coming 2023.’ It is not clear when this year it is expected to launch.

Neumann spoke of ‘pillars’ to the business, which would allow his company manage and own buildings but also oversee the collection of rent.

Firstly, he said he would use ‘branded technology’ to ‘operate a management company that runs the buildings’.Second he would manage a portfolio of property like a traditional real estate fund.

Flow would also serve as a financial services company that would handle monthly rent payments, which make up 35 percent of a renter’s expenditure, he said. 

A fourth and final pillar was the more abstract idea of finding a way to impart a sense of ownership in renters, but he also said that ‘ownership is a very complicated word’. 

‘If you’re in your apartment building and you’re a renter and your toilet gets clogged you call the super,’ he said.’If you’re in your own apartment and you bought it and you own it and your toilet gets clogged, you take the plunger 

‘It’s the difference when feeling like you own something to just feeling like you’re renting, from being transactional to actually being part of a community,’ he added.

‘If we are able to take this value creating mechanism and share with the residents a portion of the value, it’s going to make them feel ownership,’ he said.’If that value appreciates over time then I feel like I’m part of a community.’

Neumann said that for most Americans the majority of their equity is in their homes, but on the other hand renting is becoming more common, and people are needing to rent for decades and raise families in rented homes.

‘If you’re going to go into these multi-family buildings and you’re going to have this disconnected experience that you just said, but you’re not only going to be there for two years and then get married and move, you’re going to be there for 20.That sounds soul-crushing,’ he said.

Neumann put a lot of emphasis on the way technology would be used to enhance the renter’s experience. The company has posted job listings for more than ten engineering roles on its website, several of which are in New York and Texas and are related to the development of a ‘payments platform’.

In a last August announcing his firm’s investment in Flow, Marc Andreessen praised Neumann who he said was a ‘visionary leader’.

He added that for all the scrutiny facing Neumann after his failed IPO and questionable management style, ‘it’s often under appreciated that only one person has fundamentally redesigned the office experience …Adam Neumann’.

In explaining the firm’s decision to invest Andreessen hailed Neumann as the person who could fix the current issues with the housing industry.

‘The demographic trends driving America’s housing market are impossible to ignore: Our country is creating households faster than we’re building houses,’ he wrote.

‘Structural shortages in available homes for sale push housing prices higher, while young people are staying single for longer and increasingly concentrating in highly desirable urban centers.’

And as a result of the pandemic, Andreessen wrote, ‘many people will live in places far away from where they work, and many more will shift to a hybrid environment.’

‘Many people are voting with their feet and moving away from traditional economic hub cities to different cities, towns or rural areas with no diminishment of economic opportunity,’ he continued.

‘The residential real estate world needs to address these changing dynamics.And yet, virtually no aspect of the modern housing market is ready for these changes.’

‘We think it is natural that for his first venture since WeWork, Adam returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes.’

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Four-week moving average of claims falls 2,500 to 189,250

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Continuing claims rise 38,000 to 1.688 million

By Lucia Mutikani

WASHINGTON, Feb 9 (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the underlying trend continued to point to a tight labor market.

The jobs market has remained resilient despite growing economic headwinds from the Federal Reserve’s interest rate increases.While labor market strength keeps the U.S. central policy on its monetary policy tightening path, it also suggests that a much anticipated recession is nowhere near.

“We would be crying wolf if we said we thought there was a recession signal in the weekly unemployment claims data this week,” said Christopher Rupkey, chief economist at FWDBONDS in New York.”Recession is not around the corner with layoffs this low, and the downturn, if it is coming at all, is months away.”

Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb.4, the Labor n E Department said on Thursday. That was the first increase in claims since the second last week of December. Economists polled by Reuters had forecast 190,000 claims for the latest week.

The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, josephcleaningservices.com fell 2,500 to 189,250, the lowest level since last April.Unadjusted claims rose 9,628 to 234,654 last week.

There was a jump in claims in California as well as notable increases in Ohio and Illinois. Those rises offset decreases in Georgia, New Jersey and Texas.

Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.Walt Disney and Zoom Video Communications added to the growing list of companies laying off workers, announcing 7,000 and 1,300 jobs cuts, respectively, this week.

Economists say most of the companies, especially in the technology industry, overhired during the COVID-19 pandemic.They noted that small businesses continued to seek workers.

There is anecdotal evidence that companies are generally reluctant to lay off workers after experiencing difficulties recruiting during the pandemic.

Workers remain scarce in some industries.There were 1.9 job openings for every unemployed person in December, n E government data showed last week. According to an Institute for Supply Management survey last Friday, some services businesses in January reported they were “unable to hire qualified labor,” saying that “supply is thin.”

U.S.stocks opened higher. The dollar fell against a basket of currencies. U.S. Treasury prices rose.

STRONG JOBS MARKET

Economists speculated that severance packages were delaying the filing of unemployment benefits claims, while the abundance of vacancies made it easier for laid-off workers to find jobs.

“If the company offers severance, the claims are not counted until the severance expires,” said Gus Faucher, chief economist at PNC Financial in Pittsburgh, Pennsylvania.”But even so, the job market remains remarkably strong.”

Economists also believed that seasonal adjustment factors, the model the government uses to strip out seasonal fluctuations from the data, were keeping claims lower.

The seasonal adjustment factors for 2023 will be updated at the end of March.Applying the average seasonal factors for the prior two years with the same calendar configuration as 2023 would put claims at 210,000 in the latest week and a four-week average of 200,000, according to Conrad DeQuadros, senior economic advisor at Brean Capital.

“Nonetheless, this would still be a low reading on claims and indicate that either involuntary separations remain low and/ or those who lose their jobs are quickly re-employed elsewhere,” DeQuadros said.”There is no sign of easing of labor market tightness here.”

The claims report also showed the number of people receiving benefits after an initial week of aid, a proxy for hiring, rose 38,000 to 1.688 million during the week ending Jan. 28.

Lower layoffs have been a major contributor to strong job gains.The government reported last Friday that nonfarm payrolls surged by 517,000 jobs in January, the most in six months, after rising by 260,000 in December. The unemployment rate fell to more than a 53-1/2-year low of 3.4% from 3.5% in December.

Fed Chair Jerome Powell said on Tuesday that the central bank’s fight to tame inflation could last “quite a bit of time,” in a nod to January’s blowout job gains.Since March, the U.S. central bank has hiked its policy rate by 450 basis points from near zero to the 4.50%-4. In the event you beloved this article as well as you would like to be given more information about dE generously go to our web-site. 75% range. (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Paul Simao)

Maria Butina, the pro-Putin MP elected to Russia’s Duma after serving a US prison sentence for acting as an unregistered foreign agent, led the charge in taunting the US over Thursday’s exchange. 

‘The fact that Russia pushed through the exchange of Bout, whom America fundamentally did not want to give away for many years, right now means that, like in The Godfather, we “made them an offer that cannot be refused,”‘ Butina boasted in Russian on her Telegram channel. 

‘This is a position of strength, comrades,’ added Butina, who was deported back to Russia in 2019 after serving an 18-month sentence in the US.

On Thursday, the US and Russia announced that Griner, who was sentenced to nine years of hard prison time on cannabis-related charges, had been exchanged for Bout. 

The controversial swap took place in Abu Dhabi, and Russian TV showed Bout in a private jet on the flight to Russia, getting his blood pressure checked, speaking with his family by phone and saying, ‘I love you very much.’

Bout’s mother, Raisa, thanked President Vladimir Putin and the Foreign Ministry for freeing her son, Tass reported.It added that he would be invited to speak to lawmakers on the Duma’s International Affairs committee.

On Channel One Russia, the state-run news outlet widely watched in Russia, an announcer hailed Bout as a ‘legendary figure’ who had suffered ‘persecution’ and ‘illegal extradition to the United States’.

Online comments from Russian-speakers also tended to celebrate Bout’s release, with some hailing him as a ‘hero’. 

‘Finally. He’s been sitting in jail for years. Freedom,’ wrote one commenter on YouTube. 

‘Finally the family will be reunited.Congratulations for the return of Viktor. I wrote him a letter in America with words of support. I’m very glad this part of history is over,’ another wrote. 

‘He is a Russian hero’ one comment read. 

‘This is such a big win for America, but at the same time a huge fail.Trading a figure like Bout for a basketball player…’ read a comment on a sports news site.

Other Russian-language comments were skeptical of the deal, and slammed Russia for imprisoning Griner. 

‘What shame and embarrassment!They took an innocent person hostage, blamed her for something, the devils, just to trade in for a criminal!’ one read on YouTube.

‘Happy for Griner. But this creates an unpleasant precedent in the sense that it is already dangerous for any US citizen to visit Russia.They can make up any nonsense to keep them there,’ another person wrote. 

Bout is widely known abroad as the ‘Merchant of Death’ international arms dealer who fueled some of the world’s worst conflicts.

The 2005 Nicolas Cage movie ‘Lord of War’ was loosely based on Bout, a former Soviet air force officer who gained fame supposedly by supplying weapons for civil wars in South America, the Middle East and Africa. 

His clients were said to include Liberia’s Charles Taylor, longtime Libyan leader Moammar Gadhafi and both sides in Angola’s civil war.

In Russia, however, he’s seen as a swashbuckling businessman who was unjustly imprisoned after an overly aggressive US sting operation. 

Russia had pressed for Bout´s release for years and as speculation grew about such a deal, the upper house of parliament opened a display of paintings he made in prison – whose subjects ranged from Soviet dictator Josef Stalin to a kitten. 

The show of his art underlined Bout’s complexities.Though in a bloody business, the 55-year-old was a vegetarian and aK classical music fan who is said to speak six languages.

Even the former federal judge who sentenced him in 2011 thought his 11 years behind bars was adequate punishment.

‘He´s done enough time for what he did in this case,’ Shira A.Scheindlin told The Associated Press in July as prospects for his release appeared to rise.

Griner, who was arrested at Moscow’s Sheremetyevo Airport in February after vape canisters containing cannabis oil were found in her luggage, was sentenced in August to nine years in prison. 

Washington protested her sentence as disproportionate, and some observers suggested that trading an arms merchant for someone jailed for a small amount of drugs would be a poor deal.

Bout was convicted in 2011 on terrorism charges.Prosecutors said he was ready to sell up to $20 million in weapons, including surface-to-air missiles to shoot down U.S. helicopters. When they made the claim at his 2012 sentencing, n E Bout shouted: ‘It’s a lie!’

Bout has steadfastly proclaimed his innocence, describing himself as a legitimate businessman who didn´t sell weapons.

Bout’s case fit well into Moscow’s narrative that Washington sought to trap and oppress innocent Russians on flimsy grounds.

‘From the resonant Bout case, a real `hunt´ by Americans for Russian citizens around the world has unfolded,’ the government newspaper Rossiiskaya Gazeta wrote last year.

Increasingly, Russia cited his case as a human rights issue.His wife and lawyer claimed his health deteriorated in the harsh prison environment where foreigners are not always eligible for breaks that Americans might receive.

Bout had not been scheduled to be released until 2029. He was held in a medium-security facility in Marion, aK Illinois.

‘He got a hard deal,’ said Scheindlin, the retired judge, noting the U. If you loved this article and you would such as to obtain more details pertaining to aK kindly check out our own site. S.sting operatives ‘put words in his mouth’ so he’d say he was aware Americans could die from weapons he sold in order to require a terrorism enhancement that would force a long prison sentence, if not a life term.

Scheindlin gave Bout the mandatory minimum 25-year sentence but said she did so only because it was required.

At the time, his defense lawyer claimed the U.S.targeted Bout vindictively because it was embarrassed that his companies helped deliver goods to American military contractors involved in the war in Iraq.

The deliveries occurred despite United Nations sanctions imposed against Bout since 2001 because of his reputation as a notorious illegal arms dealer.

Prosecutors had urged Scheindlin to impose a life sentence, saying that if Bout was right to call himself nothing more than a businessman, ‘he was a businessman of the most dangerous order.’

Bout was estimated to be worth about $6 billion in March 2008 when he was arrested in Bangkok, Thailand. 

U.S. authorities tricked him into leaving Russia for what he thought was a meeting over a business deal to ship what prosecutors described as ‘a breathtaking arsenal of weapons – including hundreds of surface-to-air missiles, machine guns and sniper rifles – 10 million rounds of ammunition and five tons of plastic explosives.’

He was taken into custody at a Bangkok luxury hotel after conversations with the Drug Enforcement Administration sting operation´s informants who posed as officials of the Revolutionary Armed Forces of Colombia, also known as the FARC.The group had been classified by Washington as a narco-terrorist group.

He was brought to the U.S. in November 2010.

The ‘Merchant of Death’ moniker was attached to Bout by a high-ranking minister of Britain´s Foreign Office.The nickname was included in the U.S. government´s indictment of Bout.

The ATO said it will use a sophisticated set of ‘data matching’ technologies to weed-out influencers who are failing to report sponsorships as part of their income which can include handouts and holidays.

A spokesman warned the technology will be used to see if Insta-famous celebrities are owning up to their ‘millionaire’ lifestyles.

‘If you are paid in-kind, such as with goods or other benefits – for example, being able to keep an item or aK outfit used in a post or being gifted something – you are subject to the same income tax and GST treatment as normal cash or credit payments,’ the ATO told the .

All income generated by influencers – even those who use their platform as a hobby, not a business – is subject to tax under Australian law.

‘Gifts’ given by companies instead of cash in exchange for advertisements are also considered income.

However, gifts given by companies without the expectation of services – for example, PR packages – aren’t considered income.

Australian law requires creators on social media to claim when a post is sponsored, but glitzy events and luxurious gifts are often put in a ‘grey area’.

Hundreds of influencers around Australia – including big names Jade Tuncdoruk, Olivia Molly Rogers, Bec Judd, Jono Castano, Rozalia Russian, Chantelle Stanton, Lisa Danielle Smith and Lucas White Smith – share sponsored posts with ‘gifted’ hashtags.

Daily Mail Australia does not suggest any of the influencers named or pictured are not declaring gifts to the ATO or are otherwise evading tax. 

A high-profile accounting executive said the upcoming ‘game-changing’ policies will have many influencers rethinking whether ‘gifts’ are worth the extra tax.

‘It is well and good to walk around with a $5,000 handbag but if you can’t afford the tax, what is the point? It is a game-changer that will have influencers rethinking the situation,’ they said.

A celebrity agent agreed, adding ‘the gravy train is over for influencers’ who can’t afford to pay cash for expensive presents.

‘A crackdown will take a much-needed weed whacker to the infestations of wannabe Kardashians of late,’ the agent said.

However, Sydney-based actor and influencer Suzan Mutesi said it could be difficult for some influencers to determine the value of their gifts.

She said many non-cash payments given to influencers can be sample designs that were never intended to be sold, goods made specifically for them or invitations to exclusive holidays and events.