Lancadia Holdings completes GNOG combination

first_img“I am pleased to see the business combination finally close,” Fertitta said. “We see tremendous opportunity in the online gaming space and are excited to be a part of it.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The combination of the businesses was announced in June 2020, valuing the enlarged entity at approximately $745m. Topics: Casino & games Sports betting Strategy Online casino Online sports betting M&A Management Thomas Winter, who has overseen the igaming business since September 2013, will serve as its president, with all current GNOG staff to continue in their existing roles.  Lancadia’s shareholders approved the combination on December 29, allowing for the company’s shares to begin trading under the GNOG ticker a day later.  Read the full story on iGB North America. Special purpose acquisition company (SPAC) Lancadia Holdings II has completed its combination with Golden Nugget Online Gaming, the igaming division of the land-based brand, with shares in the new business trading on the Nasdaq from December 30, 2020. 4th January 2021 | By Robin Harrisoncenter_img Tilman J. Ferttita, co-founder of Lancadia and owner and chief executive of the Landry’s restaurant chain and entertainment business that owns Golden Nugget casinos, will serve as chief executive and chair of the new entity.  Lancadia Holdings completes GNOG combination Email Address M&A Regions: US Subscribe to the iGaming newsletter Tags: Golden Nugget Online Gaming Lancadia Holdingslast_img read more

Star Entertainment proposes Aus$12bn merger with Crown, while Blackstone ups bid

first_imgBlackstone in March put forward an offer of $8.02bn to acquire the remaining shares in Crown, having already acquired 9.99% of the business in April 2020 with the purchase of a stake from Melco. Regions: Australia Australian land-based operator Star Entertainment Group has put forward a new proposal to merge with rival business Crown Resorts and created a combined operation worth approximately Aus$12.00bn (£6.71bn/€7.76bn/US$9.43bn), while private equity giant Blackstone Group has also submitted a revised offer for Crown. Topics: Land-based casino M&A The new proposal of $12.35 in cash per Crown share represents a 4% increase on the previous offer of $11.85 per share submitted in March but is lower than both the $14 valuation and $12.50 cash alternative proposed by Star.  Star said the merger represents a “compelling value proposition” for all shareholders for the following reasons, adding that the combined operation would create a national tourism and entertainment leader in Australia. Should the merger go through, the group would be expected to deliver between $150.0m and $200.0m in cost synergies per year, with an estimated net value of $2.0bn.  Star Entertainment proposes Aus$12bn merger with Crown, while Blackstone ups bid “With a portfolio of world-class properties across four States in Australia’s most attractive and populated catchment areas and tourism hubs, the combined group would be a compelling investment proposition and one of the largest and most attractive integrated resort operators in the Asia Pacific region.” Subscribe to the iGaming newsletter “A merger of Star and Crown would result in significant scale and diversification and unlock an estimated $2.0bn in net value from synergies,” O’Neill said.  Subject to the receipt of certain probity and regulatory approvals, McCann will officially join Crown on 1 June. Star added that it hopes to complete necessary due diligence and agree binding merger and definitive debt financing documentation within the next three months, with plans in place to engage with a range of investors on a potential sale and leaseback of the enlarged property portfolio during diligence.  The non-binding proposal sets out a share exchange ratio of 2.68 Star shares for each Crown share, valuing Crown shares at $14 each. Crown shareholders would also be offered a cash alternative of $12.50 per share, up to a maximum of 25% of Crown’s issued share capital.center_img The proposal would mean the merged entity would be 59% owned by Crown shareholders with the remaining 41% for Star shareholders. An inquiry in New South Wales found Crown was “unsuitable” to operate a casino in the Barangaroo district of Sydney.  10th May 2021 | By Robert Fletcher M&A Tags: Crown Resorts Star Entertainment Group Blackstone Meanwhile, Crown has also announced the appointment of Steve McCann as its new chief executive and managing director. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Star’s chairman John O’Neill added that the overall operation would be worth around $12.0bn, with combined group pursuing growth opportunities across marketing and events, digital and technology initiatives, investment in online capabilities and optimisation of a combined loyalty program. The Crown board will review both the Star proposal and Blackstone revised offer before making further announcements, stating that there is no guarantee either proposal will result in a transaction. The proposal comes as Crown also received a revised takeover proposal from Blackstone Group. Other terms of the original offer remain in place, with Blackstone having last month altered its bid so that the deal would not go ahead if either of Crown’s existing licences are suspended or its New South Wales licence were not granted. Email Addresslast_img read more

Vitafoam Nigeria (VITAFO.ng) HY2016 Interim Report

first_imgVitafoam Nigeria (VITAFO.ng) listed on the Nigerian Stock Exchange under the Retail sector has released it’s 2016 interim results for the half year.For more information about Vitafoam Nigeria (VITAFO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Vitafoam Nigeria (VITAFO.ng) company page on AfricanFinancials.Document: Vitafoam Nigeria (VITAFO.ng)  2016 interim results for the half year.Company ProfileVitafoam Nigeria Plc manufactures and sells a range of flexible, reconstituted and rigid foam products in Nigeria. It is the largest foam manufacturing company in the country with an extensive distribution network which includes exporting to other countries in Africa. Vitafoam is a household name in Nigeria and known for its quality products and being a leader in innovation and advanced sleep technology. Mattresses can be custom-made to customers’ requirements using contour cutting equipment. The company also provides foam products for mothers with children including changing mats, baby cot mattresses and feeding pillows. Rigid polyurethane foam manufactured by Vitafoam Nigeria Plc is used in the oil and gas, refrigeration, air-conditioning, poultry and office partitioning sectors. In 200, Vitafoam Nigeria Plc became the first foam manufacturing company in Nigeria to be awarded the NIS 9002 Certificate for its flexible and rigid polyurethane foam, fiber pillows, underlays and adhesives. The company expanded its operations to include Vitafoam Ghana Limited (2008) and Vitafoam Sierra Leone Limited (2009). Vitafoam Nigeria Plc has a major stake in Vono Products and established Vitapur Nigeria which manufactures insulation products; and Vitablom which processes fibre and other material for the upholstery layer. Its company head office is in Lagos, Nigeria. Vitafoam Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

BUA Cement Plc (BUAC.ng) 2019 Annual Report

first_imgBUA Cement Plc (BUAC.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2019 annual report.For more information about BUA Cement Plc (BUAC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the BUA Cement Plc (BUAC.ng) company page on AfricanFinancials.Document: BUA Cement Plc (BUAC.ng)  2019 annual report.Company ProfileBUA Cement Plc, listed on the Nigerian Stock Exchange, is a Nigerian cement producer. BUA Cement Plc listed in January 2020 following the conclusion of the merger of two of BUA’s cement entities, the Cement Company of Northern Nigeria and Obu Cement company.last_img

Who’s who in the New Establishment?

Who’s who in the New Establishment? AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Is there a “New Establishment”? If so, who is “in” and who is “out”? Fundraising researchers can check is they know who is who by reading New Establishment parties on by Kamal Ahmed in the Observer. Howard Lake | 20 May 2000 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

First United Methodist Church Drama Committee Presents “Arsenic and Old Lace”

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 10 recommended0 commentsShareShareTweetSharePin it Subscribe Business News Top of the News Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty7 Things You Should Never Share With Other PeopleHerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty10 Celebrity Body Parts Insured For Ridiculous AmountsHerbeautyHerbeauty Faith & Religion Events First United Methodist Church Drama Committee Presents “Arsenic and Old Lace” Article and Photo courtesy of FIRST UNITED METHODIST CHURCH Published on Wednesday, October 8, 2014 | 4:19 pm Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website center_img Community News Your email address will not be published. Required fields are marked * Community News Make a comment The FUMC Drama Committee presents Arsenic & Old Lace by Joseph Kesselring, directed by Maggie Audley. Free performances will take place at 7:30 p.m. in Great Hall on Thursday and Friday, October 16 and 17. Join the cast of church and community friends as they charge up stairways, romp through graveyards and generally up-end the Brewster household in Brooklyn, circa 1939. This is a family friendly show.Preceding each night’s performance will be a free dinner, first come, first served. Free will donations will go to Friends In Deed on October 16 and to FUMC’s Social Services on October 17. Dinner will be served at 6:30 p.m., also in Great Hall. A free will offering to defray costs of production and support the summer musical will be taken during the performance. Come see church and community friends perform this charming play.First United Methodist Church of Pasadena, 500 East Colorado Blvd., Pasadena, (626) 796-0157 or visit fumcpasadena.org. More Cool Stuff First Heatwave Expected Next Week Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Data Shows Credit Access Is Loose for First-Time Buyers, But Loans Are Riskier

first_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Previous: DOJ Sues Quicken Loans for Alleged Improper Underwriting Practices Next: DS News Webcast: Friday 04/24/2015 Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Share Save Tagged with: AEI’s International Center on Housing Risk First Time Home Buyers Mortgage Credit Access Mortgage Risk in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago April 23, 2015 749 Views Data Shows Credit Access Is Loose for First-Time Buyers, But Loans Are Riskier Related Articles Based on the risk profile of the first-time homebuyers in March 2015, credit access is not as tight as is widely reported, but the loans are riskier, according to data released this week by the American Enterprise Institute (AEI)’s International Center on Housing Risk.The March 2015 First-Time Buyer Mortgage Risk Index (FBMRI) released on Thursday found that first-time homebuyers with an Agency guarantee (FHA, VA, or Rural Housing Service) during the month had a median downpayment of just 3 percent, which equates to about $3,900, and a median FICO score of 705, slightly below the median of 713 for all individuals in the U.S. with a FICO score. For first-time buyers with an FHA-guaranteed loan, the median FICO score fell to 671.“One hears practically every day that first-time buyers have limited access to mortgage debt,” said Stephen Oliner, co-director of AEI’s International Center on Housing Risk. “The FICO data show this isn’t true ― many borrowers with weak credit profiles are buying homes.”Overall, the FBMRI stood at 15.14 percent for March, a series record and a year-over-year increase of 0.5 percentage points. The FBMRI for Agency mortgage loans is nearly six and a half percentage points higher than the mortgage risk index for repeat homebuyers.The higher risk for first-time buyers can be attributed in large part to risk layering, according to AEI. In March, 68 percent of mortgages for first time buyers had a combined LTV of 95 percent of higher and 96 percent of those mortgages had a 30-year term. Because of the low down payment and slow amortization, it will take years for these buyers to gain a significant amount of equity in their house without substantial price appreciation, according to AEI.Also, one-fifth of first-time buyers taking out mortgages had a FICO score lower than 660, which is the traditional definition of a subprime mortgage, according to AIE. One-quarter of first-time buyers had total debt-to-income ratios higher than 43 percent, which is the limit established by the Qualified Mortgage rule. Mortgages taken out by repeat homebuyers were less risky because they had a smaller share of buyers with FICO scores lower than 660 and a much smaller share with a combined LTV of 95 percent or higher.These data that suggest credit is not as tight for first-time homebuyers stand in contrast to the National Association of Realtors (NAR)’s assertion that “interested homebuyers continue to find it challenging to obtain financing under tougher and more cautious credit standards.”“The first-time buyer MRI hit a series high of 15.14 percent in March, moving deeper into the high risk loan category,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Notwithstanding this fact, the NAR and Urban Institute continue to call for the making of even riskier loans to first-time buyers, many of whom would be lower-income and minority buyers.”Also released on Thursday, the March 2015 First-Time Buyer Mortgage Share Index found that first-time buyers accounted for 56.6 percent of government-guaranteed primary owner-occupied purchase mortgages, which was a slight year-over-year decline from 57.1 percent reported in March 2014.“March’s results continue to show that first-time buyer volume and share remain strong, showing little variance beyond seasonal trends,” Pinto said. “This indicates the path to increased home building and home sales is stronger job and wage growth, not loosening of lending standards.”center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Data Shows Credit Access Is Loose for First-Time Buyers, But Loans Are Riskier Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea AEI’s International Center on Housing Risk First Time Home Buyers Mortgage Credit Access Mortgage Risk 2015-04-23 Brian Honea Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

A Comic Tale Of The Gown

first_imgColumnsA Comic Tale Of The Gown Amrita Thakore29 May 2020 4:33 AMShare This – xIntimidating for some, penguinesque for others. Stuffy for the ones wearing it when the weather application tells us we are being slow roasted. For High Courts and the Supreme Court in India, like in many other countries, the lawyers’ and judges’ dress code consists of white (more or less) clothing topped with a white band, a black coat and a black gown (the last two turn a bit swanky…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIntimidating for some, penguinesque for others. Stuffy for the ones wearing it when the weather application tells us we are being slow roasted. For High Courts and the Supreme Court in India, like in many other countries, the lawyers’ and judges’ dress code consists of white (more or less) clothing topped with a white band, a black coat and a black gown (the last two turn a bit swanky if you’re admitted into the League of Extraordinary Legal Gentlemen, the senior advocates and the judges, but still remain boring black). An unimaginative colour combination – black and white – and hardly the combination for the champions of the philosophy “nothing is ever black or white”. While there is no perfectly accurate account of the origins of the gown, we are informed that what we wear as lawyers and judges has its foundation in medieval England (where else?). Well then, it seems the Bar and the Bench had centuries to evolve, but have remained medieval. But wait, those medieval British chaps were more vibrant than us. A long robe, a full hood with a cowl covering the shoulders and a mantle or cloak was the correct dress for judges attending the royal court during the reign of King Edward III (1327-77), and the colours of the judges’ dress then were violet for winter, green for summer and scarlet for ceremonial occasions. Well, well! And since Edward III finds place in this tale, did you know he was crowned at age fourteen after his father Edward II was deposed (and later murdered they say) by his mother Queen Isabella, who was French, and her lover Roger Mortimer? But that’s another story. Back to the colours of our calling. Where did they go wrong? Violet, green and scarlet to black and white! Did someone prefer crows to peacocks and macaws? It seems not much happened for a long time, except the shifting of dynasties, the turmoil of those times and the fading away of green robes. And while Good Queen Bess, who ruled for a whopping 44 years until 1603, may have thrown her weight around generally, she knew better than to de-colour her judges, and so did her successor. But, in 1635, during the reign of Charles I, the English decided (like they almost always do, eventually) that it was time to put the judges’ fashion rules in black and white (no pun intended) and so, they came out with a definitive guide called “What Judges Are Wearing This Season” (Just joking, this dreary set of rules came to be known as the Judges’ Rules, 1635). Thenceforward, those unfortunate judges had to wear black robes in winter and could only indulge in a display of colours in summer with violet or scarlet robes. And that’s how the ‘crow in winter’ business officially began. Another salacious piece of information at this stage – Charles I has the dubious distinction of being a King tried, convicted and executed for high treason against his own country, and at the end of his reign, for a brief period, England became a republic. Now while no one has ever claimed that the ‘crow in winter’ imposition had anything to do with it, but who is to say what darkness might also have been weighing in the minds of judges? For, coincidentally, it was the winter month of January when it all transpired. So that’s that. And then we are told that even judges don’t follow rules. Hmph! Some two hundred years later, the seasonal change of colour had gone out of vogue and the criminal chaps (oops, I meant the judges trying criminal cases) were wearing scarlet robes and the civil chaps (pun intended) had turned into uncivil crows by wearing black gowns. Sometime during this period, the band couture was introduced too, which became the hot thing and replaced the Elizabethan ruffs. Now, don’t even try to decipher what happened next. All that we need to appreciate is that the British take their judges’ outfits as seriously as their system of law and so, over time, as some courts amalgamated and new courts were created, they made it a point to create codes for the ensembles for all manner of court birds – black, violet, red, and even different coloured tabs to indicate the status of the wearer – the range is wide. That’s so far as that side is concerned. Now for this side. We are informed that, since the 14th century, barristers, supposedly being men of learning, also wore robes that bore strong similarities to the judges’ robes, and just like the judges back then, they too wore bright colours – green for summer, violet for winter and red for special occasions. Somewhere down the line, black gowns gained popularity, as the Inns of Court started governing costume. Now, this is the strange part – it is said that following the death of the ‘Merry Monarch’ Charles II in 1685, the Bar entered mourning and one and all started wearing black mourning robes very close to the present day gown. Well, it seems the Bar never stopped mourning. And thus we have our penguinesque pride, a tradition inherited from the British and continued by our laws. Now, we are familiar with our judges ticking-off lawyers for not being appropriately dressed. But surprise, surprise! It happens in Britain too! Recently, an unfortunate fellow decided to wear colourful ribbons and medals on his gown (don’t ask me why) and got reprimanded by the Crown Court judge with the remark that he was “looking like something out of Harry Potter”. One of the great advantages of having a dress code is the comical consequence of flouting it. And while we may enjoy criticising the court dress for its stuffiness and lack of imagination, most of us do love it and miss it. May coronavirus desist from attaching itself to our uniform so that we can be back in that regal attire.Views Are Personal Only (The author is a lawyer practising in the Gujarat High Court) Next Storylast_img read more

Allahabad High Court Dismisses Plea Challenging Upper Age Limit For UP Higher Judicial Services

first_imgNews UpdatesAllahabad High Court Dismisses Plea Challenging Upper Age Limit For UP Higher Judicial Services LIVELAW NEWS NETWORK19 Feb 2021 6:51 AMShare This – xThe Allahabad High Court recently dismissed a petition challenging the age criteria stipulated in an advertisement calling for applications to the Uttar Pradesh Higher Judicial Services. A Division Bench comprising of Justices Munishwar Nath Bhandari and Rohit Ranjan Agarwal refused to interfere with the advertisement on noting that the same is in consonance to Rule 12 of the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court recently dismissed a petition challenging the age criteria stipulated in an advertisement calling for applications to the Uttar Pradesh Higher Judicial Services. A Division Bench comprising of Justices Munishwar Nath Bhandari and Rohit Ranjan Agarwal refused to interfere with the advertisement on noting that the same is in consonance to Rule 12 of the Uttar Pradesh Higher Judicial Service Rules, 1975. “We find no force for challenge to the clause of ‘age’ given in the advertisement as being in consonance to Rule 12 of Rules of 1975,” the Bench said while dismissing the petition. Background The petition was filed by a reserved category candidate, Munendra Singh, claiming that the impugned advertisement dated December 12, 2019, was contrary to the 1975 Rules. He submitted that he was born on January 1, 1973 and would be 48 years of age as on January 1, 2021. He submitted as per Rule 12, he is eligible to appear in the examination however, due to the criteria given in the advertisement being contrary to Rule 12, he may be barred. He insisted that the upper age of 48 years for appearing in the examination should have been as on January 2, 2021 instead and thus interference in the clause of age given in the advertisement be made. Findings The Court observed that there is no infirmity in the advertisement inasmuch as Rule 12 also stipulates the cut off age for age determination as January 1 of the following year. Rule 12 states: ” A candidate for direct recruitment must have attained the age of 35 years and must not have attained the age of 45 years on the first day of January next following the year in which the notice inviting applications is published; Provided that the upper age limit shall be higher by three years in case of candidates belonging to Scheduled Castes and Scheduled Tribes and such other categories as may be notified by the Government from time to time.” In this backdrop, the Bench ruled, “As per the rule, one must not have attained the age of 45 years on the first day of January next following the year in which the notice inviting applications is published. The petitioner being Other Backward Class candidate, is entitled for three years’ relaxation in age but as per the rules, he would be over aged on 01.01.2021. It is for the reason that he would be attaining the age of 48 years as on 01.01.2021 and thus not entitled for appearing in the selection as per rule 12 of the Rules of 1975, as amended.” Case Title: Munendra Singh v. Allahabad High Court & Anr. Click Here To Download Order Read OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Despite focus on Washington, data shows how shutdown hurt federal workers nationwide

first_imgChip Somodevilla/Getty Images(WASHINGTON) — It’s not clear yet what the lasting impact will be on federal workers furloughed in the longest-ever government shutdown — even as Congress holds talks to avoid another one — but a closer look at employee data nationwide paints a picture of the economic struggles many now might face because of the political standoff. Here are more details on how and where they were affected, according to an ABC News analysis of the nearly 2.1 million federal employees across the country. The analysis also focuses specifically on Alaska, Wyoming, New Mexico and California — all states where workers went without badly-needed paychecks and without the attention given to government workers in and around Washington.One federal employee ABC News spoke with, Joshua Rider, works as a staff attorney with the Agriculture Department in San Francisco. His entire office was furloughed in the shutdown.“We’re civil servants, and we do it in part because we value public service,” Rider said in an interview during the shutdown. “Regardless of the policy differences, we should not be using the federal workforce as hostages and leverage.”The Agriculture Department was one of four agencies ABC News took an in-depth look at as part of the analysis. The agencies — the Agriculture, Interior, State and Treasury departments — were four of the largest and most affected by the partial shutdown, according to the government contingency plans issued beforehand, and also had the most data publicly available.The data shows the breadth of impact the shutdown had on Americans — tens of thousands of whom were already making less than $40,000 a year working for the government.For example, at least 19,300 workers make less than $40,000 per year at the Agriculture Department and about 13,000 make less than that at the Treasury Department.In some states, those employees are more concentrated. In Wyoming, nearly a quarter of the state’s federal workers make less than $40,000, and the same is true for about 15 percent of New Mexico’s federal workers. In Alaska, where salary data is available for roughly 11,400 federal workers, about 7 percent make less than $40,000.And nationwide, at least 38,000 federal employees nationwide make less than $30,000 per year, about 2 percent of the government workforce, according to data from the Office of Personnel Management, which excludes salary details for more than 280,000 employees.For context, a family of four with two children is considered in the poverty threshold if their combined income is less than about $25,000.Government shutdown adds to years of economic stress in AlaskaDespite having one of the smallest populations in the U.S., Alaska has almost the same rate of federal employees in its workforce as Virginia.Alaska was hard hit by the shutdown. Of the five federal agencies that employ the most Alaskans, three were significantly affected.And the shutdown only added to the state’s existing problems: Alaska has the highest unemployment rate in the country, and as of December, estimates from the Bureau of Labor Statistics, show the state has been in recession for nearly four years, due in part to a decline in oil prices, according to Mouhcine Guettabi, an economics professor at the University of Alaska’s Institute of Social and Economic Research.“The federal jobs tend to be the best paid, and therefore the ones that really contribute to the economic vitality of those places,” Guettabi said.“The spending by federal workers supports so many jobs, so many businesses — so if federal workers are not eating out, they’re not getting their haircut, they’re not spending money the way they’re accustomed to, then retailers are hurting,” he said.More recently, Alaska was starting to see oil prices stabilizing — prompting optimism that the state is headed toward recovery — but the shutdown is “another hurdle in that potential recovery,” Guettabi said.In 2017, $1 billion of the state’s distributed payroll came from federal government wages — out of the $17 billion total distributed to Alaskans. Because of the shutdown, federal workers in Alaska missed close to $34.5 million in wages, according to estimates Guettabi provided.“It certainly is not welcome news that there was more economic hardship in a state that’s already lost somewhere between 12,000 and 13,000 jobs over the last 3.5 years,” Guettabi said.Wyoming, home to a large number of federal employees, suffered disproportionate impactWhile states like Wyoming have a much lower overall number of federal employees, a relatively large portion of its labor force receives paychecks from the federal government.In comparison to the nearly 287,000 people in Wyoming’s civilian labor force, a database of federal employees identifies 6,700 as located in the state. (This is likely an underestimate, as the database does not provide location data for roughly 265,000 federal employees nationwide.)Taken together, the Department of Agriculture and the Department of Interior — two agencies heavily affected by the shutdown — employ more than 3,400 Wyomingites. That number represents more than 1 out of every 100 people in the state’s labor force.To bring the state of Virginia back into play for comparison: While the Bureau of Labor Statistics estimates Virginia’s civilian labor force is more than 15 times larger than that of Wyoming, Wyoming’s percentage of federal employees in its workforce is almost as high as in Virginia. And of the three agencies that employ the most federal workers in Wyoming, two were affected in a major way by the shutdown.24 percent of workers for one affected agency live in four statesThe Department of Agriculture employs people in all 50 states — but employs the most in California, Washington, D.C., Oregon, Texas and Montana.Broken down, 6.5 percent of its workforce is in D.C. — and 24 percent of the whole agency’s workforce — is in the four states.“When [people] think of the shutdown, they think largely of Washington, D.C., and the Northern Virginia and nearby Maryland suburbs — which are home to very large numbers of federal workers, and many of my colleagues whom I adore,” said Rider, the staff attorney with the U.S. Department of Agriculture’s (USDA) Office of General Counsel in California, where almost 11 percent of the workforce is employed.“But there is a vast federal workforce throughout the country,” Rider said.When everyone in his office was furloughed, Rider said key services like environmental litigation and wildfire cost recovery cases were put on hold, but it also created another problem: employee discouragement.As attorneys, Rider said, many in his office would be “substantially better compensated in the private market.”Rider called it an “extra blow” that “the security and stability that you’ve counted on in a public service job has been so disrupted.”Interior Department employees in New Mexico “held hostage”: Democratic senatorA large number of Interior Department employees were affected by the shutdown — nearly 80 percent, according to the department’s contingency plan — and more than 20 percent of them work in three border states: Arizona, California or New Mexico.But New Mexico is also home to 23 tribes, which rely on government support for daily services.“New Mexico is among the states that are hurt the most when the government shuts down because of our large federal workforce, the large tribal presence in our state and the importance of public services — from national parks to food assistance, to USDA loans — for our economic well being,” said Democratic Sen. Tom Udall.“The shutdown hit native communities especially hard,” said Udall, who is the vice chairman of the Senate Committee on Indian Affairs. “The Bureau of Indian Affairs and the Indian Health Service were unfunded, furloughing thousands of workers. So critical public safety and health services were severely limited.”Udall added that the complete impact of the shutdown in New Mexico will only be known in retrospect when the state can look back on the year’s tourism data.“States like New Mexico simply can’t afford shutdowns,” Udall said. “This shutdown was a disaster for families across my state, and the effects, I think, will be long-lasting.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more