Lending – Catholic Record Society http://catholicrecordsociety.co.uk/ Wed, 25 Aug 2021 02:18:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://catholicrecordsociety.co.uk/wp-content/uploads/2021/05/cropped-icon-32x32.png Lending – Catholic Record Society http://catholicrecordsociety.co.uk/ 32 32 WRAPUP 2-US trade deficit hits record high as economy accelerates https://catholicrecordsociety.co.uk/wrapup-2-us-trade-deficit-hits-record-high-as-economy-accelerates/ https://catholicrecordsociety.co.uk/wrapup-2-us-trade-deficit-hits-record-high-as-economy-accelerates/#respond Wed, 07 Apr 2021 23:16:46 +0000 https://catholicrecordsociety.co.uk/wrapup-2-us-trade-deficit-hits-record-high-as-economy-accelerates/ The U.S. trade deficit hit a record high in February as the country’s economic activity rebounded faster than that of its global rivals and could remain high this year, with massive fiscal stimulus expected to spur the most growth. fast for almost four decades. The economy roars as increased COVID-19 vaccinations and the White House’s […]]]>

The U.S. trade deficit hit a record high in February as the country’s economic activity rebounded faster than that of its global rivals and could remain high this year, with massive fiscal stimulus expected to spur the most growth. fast for almost four decades. The economy roars as increased COVID-19 vaccinations and the White House’s $ 1.9 trillion pandemic bailout boost domestic demand, some of which is satiated by imports. President Joe Biden proposed a $ 2 trillion infrastructure plan last week, which is expected to attract even more imports and spur economic growth.

“The deficit could remain large this year and next year due to fiscal stimulus and the potential infrastructure plan that could be adopted in the second half of this year,” Ryan Sweet, senior economist at Moody’s Analytics told West Chester, Pennsylvania. “As the economy continues to strengthen, this will keep the deficit high.” The trade deficit jumped 4.8% to a record $ 71.1 billion in February, the Commerce Department said on Wednesday. Economists polled by Reuters had forecast a deficit of $ 70.5 billion. The merchandise trade gap was also the highest on record.

Exports fell 2.6% to $ 187.3 billion. Exports of goods fell 3.5% to $ 131.1 billion, possibly due to unusually cold weather in large parts of the country. The decrease was mainly attributable to shipments of capital goods, which fell by $ 2.5 billion. Exports of consumer goods declined, as did those of motor vehicles, parts and engines. There were also fewer food exports. The pandemic remained a drag on exports of services, in particular travel.

Imports fell 0.7% to $ 258.3 billion. Imports of goods fell 0.9% to $ 219.1 billion. The decline is likely a reflection of supply chain constraints, rather than weak domestic demand. In fact, imports of capital goods have reached a record level, boosted among other things by civilian aircraft, medical equipment and electrical equipment. Imports of industrial supplies and materials were the highest since October 2018, thanks to crude oil imports worth $ 1 billion. This led the United States to register its first oil deficit since December 2019.

But imports of motor vehicles, parts and engines fell, as did those of consumer goods. The reduction in trade flows in February was partly due to difficult weather conditions, logistics and transport problems at ports. “Congestion at the ports of Los Angeles and Long Beach, which together account for a third of US container imports, has caused container ships to anchor offshore while they wait for available port space,” said Jay Bryson, economist. chief at Wells Fargo Securities in Charlotte, North Carolina.

“Even when ships are moored and unloaded, port officials report higher than normal container dwell time, or the time it takes importers to collect their cargo at port.” After the recent six-day blockade of the Suez Canal, economists expect trade flows to remain depressed in March.

Wall Street stocks were trading higher. The dollar slipped against a basket of currencies. The prices of the US Treasury were mostly higher. CROSS GROWTH

Adjusted for inflation, the goods trade deficit hit a record $ 99.1 billion in February, from $ 96.1 billion in January. The so-called real trade deficit is well above average for the October-December period. JPMorgan economists estimate that trade could subtract a full percentage point from first-quarter GDP growth, which would be the third consecutive quarterly drag.

But this is unlikely to have an impact on estimates of first-quarter GDP growth, currently as high as an annualized rate of 10%. The economy grew 4.3% in the fourth quarter. Economists expect growth this year to exceed 7%, which would be the fastest since 1984. The economy contracted 3.5% in 2020, the worst performance in 74 years. The International Monetary Fund predicts the global economy will grow 6% this year, driven primarily by the US economy, which the fund says is expected to grow 6.4%.

From the labor market to the hard-hit manufacturing and service industries, activity picked up sharply in March. But the housing market, one of the star players in the pandemic, is showing signs of fatigue.

A separate Mortgage Bankers Association (MBA) report released Wednesday showed applications for loans to buy a home fell 4.6% last week, dropping for the second week in a row. According to the MBA, the 30-year fixed mortgage rate rose to 3.36%, a 10-month high. This, combined with rising house prices due to an acute shortage of properties, makes home ownership more expensive for some first-time buyers.

“With inventory at record levels and affordability increasingly strained thanks to rapidly rising house prices, we expect home purchase demand to follow a downward trend this year,” he said. said Matthew Pointon, senior real estate economist at Capital Economics in New York City.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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GVSU Chairman urges Township of Allendale to move Confederate soldier statue https://catholicrecordsociety.co.uk/gvsu-chairman-urges-township-of-allendale-to-move-confederate-soldier-statue/ https://catholicrecordsociety.co.uk/gvsu-chairman-urges-township-of-allendale-to-move-confederate-soldier-statue/#respond Wed, 07 Apr 2021 23:16:41 +0000 https://catholicrecordsociety.co.uk/gvsu-chairman-urges-township-of-allendale-to-move-confederate-soldier-statue/ ALLENDALE, MI – The president of Grand Valley State University urges the Township of Allendale to move a Civil War statue of a Confederate soldier on display in a township park. In a letter sent Friday to Allendale Township Supervisor Adam Elenbaas, GVSU President Philomena V. Mantella suggested that the statue be moved from the […]]]>

ALLENDALE, MI – The president of Grand Valley State University urges the Township of Allendale to move a Civil War statue of a Confederate soldier on display in a township park.

In a letter sent Friday to Allendale Township Supervisor Adam Elenbaas, GVSU President Philomena V. Mantella suggested that the statue be moved from the veterans exhibit to another location. Grand Valley’s main campus is in Allendale.

“First, given the discord between the statue’s educational value and its symbolism, I would ask to consider moving it around the township in a space that would allow for appropriate historical context and dialogue,” Mantella wrote in the letter of June 25.

The statue is currently located in the Township Veterans Honor Garden in Allendale Community Park. This memorial, located next to Lake Michigan Drive and 68th Avenue, features nine life-size monuments, each depicting a single soldier, in addition to the statue in question.

RELATED: Group trying to remove controversial Confederate soldier statue ‘doesn’t give up easily’

The controversial statue features a Union soldier standing back to back with a Confederate soldier, each holding their respective flag. A child enslaved is depicted at the base of the statue holding a sign reading “Freedom to slaves”.

A Michigan civil rights group, The Michigan Civil Rights Activists Association (MACRA) has called on township officials to remove the Confederate Soldier statue. A demonstration is also scheduled for Saturday at 12:30 p.m.

MLive / The Grand Rapids Press could not reach Mantella or Elenbaas for comment.

The letter comes days after the township’s board of directors welcomed public comment on the matter at a meeting on Monday evening. The next morning, Elenbaas announced the council will likely vote to keep the statue. The board is expected to officially vote on the matter at a special meeting at 7 p.m. Tuesday.

In Mantella’s letter to Elenbaas, she describes the university’s position on the debate taking place within the canton.

“We have a keen interest in your decision, and although our nation’s history is complex, the evil and symbolism that the statue represents to our black and under-represented community is real, regardless of the intentions of the artist, ”Mantella wrote.

More than 10,000 students and hundreds of faculty and university staff reside in the Township of Allendale during the academic year, according to Mantella.

In order to improve understanding of the issues raised by the statue, Mantella also offered to provide support from academic experts in areas such as sociology and history.

“We propose to participate in deepening understanding of civil war, slavery, inclusion and the reasons why statues like this arouse passion and pain,” Mantella wrote. “We can also discuss the role of artifacts in our journey and explore the relationship to our value and our movements today. “

Some university officials are expected to attend the protest, according to the protest organizers.

The peaceful protest is to begin at 12:30 p.m. at the statue, beginning with a song and a prayer. The group plans to have several speakers from the community.

Organizers are encouraging those in attendance to practice social distancing, wear masks and adhere to CDC guidelines.

More from MLive:

Michigan reports 389 new coronavirus cases, 1 new death

History and character highlight Jackson’s condominium home listed for $ 369,000

Asian tiger mosquitoes reappear in Michigan


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After years of struggling at Becker College, the pandemic was too much of an obstacle https://catholicrecordsociety.co.uk/after-years-of-struggling-at-becker-college-the-pandemic-was-too-much-of-an-obstacle/ https://catholicrecordsociety.co.uk/after-years-of-struggling-at-becker-college-the-pandemic-was-too-much-of-an-obstacle/#respond Wed, 07 Apr 2021 23:16:40 +0000 https://catholicrecordsociety.co.uk/after-years-of-struggling-at-becker-college-the-pandemic-was-too-much-of-an-obstacle/ This phrase became something of a refrain over the months and years that followed, even as the school suffered budget cuts, rounds of layoffs and holidays, and other increasingly desperate attempts to save money. money – until last week, when Becker announced, with almost equal bluntness, that he would also close his doors forever. “They […]]]>

This phrase became something of a refrain over the months and years that followed, even as the school suffered budget cuts, rounds of layoffs and holidays, and other increasingly desperate attempts to save money. money – until last week, when Becker announced, with almost equal bluntness, that he would also close his doors forever.

“They were constantly telling people that everything was fine,” said a former employee. “Everything was not going well. “

The pandemic was the last straw for Becker. But the college has also suffered from long-standing issues that have weakened its financial health – the challenges it, and other small private colleges, have struggled to overcome for years; issues such as declining enrollment, lackluster fundraising, and a failure to capitalize on its best programs.

“It’s not just COVID, it was a very fragile situation before COVID,” said Neil Lefkowitz, a Washington, DC lawyer who specializes in higher education closures and mergers.

For many small tuition-dependent colleges, a return to normal this fall seems increasingly likely, despite early predictions that the pandemic could doom these institutions, which offer liberal arts degrees at a relatively high price. . But a combination of federal stimulus funds and hasty budget cuts have kept nearly a handful of small private schools from bankruptcy.

But Becker’s struggle remains a caveat: Even if the worst seems to be over, many of these institutions will enter next year with depleted supplies, depleted staff, and students increasingly unable and unwilling to pay fees. high tuition fees.

“The effects of COVID-19 are going to be felt for a long time,” said Robert Kelchen, a professor at Seton Hall who studies higher education finance.

The loss of a college is a blow to any community. Becker has more than 400 employees, including around 200 teachers.

The students caught in the middle of Becker’s collapse are mostly from the surrounding area. The student body was predominantly white and 40 percent low income, with more than three-quarters of students taking out federal student loans to pay off the $ 46,000 Cost; most students, however, did not pay the full price.

There were signs the college, which admitted 70 percent of applicants, was not serving its students well: only 37 percent of full-time students graduated in four years, according to federal data reported by the college. After graduation, about 7.5 percent of his failing students on their student loans, which is lower than the national average but still relatively high.

“The higher education community in Worcester is very close-knit, and working together during the COVID-19 pandemic has made it even more so,” said David Fithian, president of nearby Clark University, who will take over the program. of Becker’s interactive media, including a number of its employees and Becker’s facility and name, with support from several local Worcester foundations.

Fithian said Clark, who has around 2,300 students, spent an additional $ 11 million last year on COVID-19 testing and other precautions to get students back to campus. Becker didn’t have that kind of money. His endowment was $ 4.5 million, a tiny fraction of Clark’s $ 418 million.

“It was extremely difficult. Like Becker and all the other colleges, we had to incur some pretty significant unexpected costs, ”said Fithian.

Last summer, Becker also planned to allow students to return to campus in the fall, but faced with the cost of routine testing and other precautions, leaders changed courses a few weeks before the semester started. and announced that the school would continue fully online. Enrollments fell and financial paralysis set in.

But long before the pandemic, and even before Mount Ida was closed, Becker knew he needed to make profound structural changes.

In the fall of 2017, higher education consultants from the firm Ellucian visited the school and produced a detailed report that identified a central problem.: The school had lost its direction. Without a clear goal, it was suffering from stagnant enrollment and low graduation rates.

“The vision needs to be clarified,” the report says.

The report also detailed more specific issues: dilapidated facilities, confusion about various centers on campus, unsophisticated marketing and recruiting, and inability to realize the potential of its well-known veterinary science, nursing and game design programs. video.

The consultants advised Becker to take advantage of its valuable assets: an on-site veterinary clinic, a leading interactive media design program, a unique equine program, a mental health clinic, a crime simulation lab, and division III sports on its tightly knit campus.

In the end, the consultants were optimistic. The school had valuable assets and if it could resolve its identity crisis, they said, it could begin to achieve its goal of becoming a nationally recognized institution.

The warnings, however, failed to prompt directors to act, according to five current and former employees. The school was never able to focus, they said, and continued to struggle as leaders tried one new idea after another.

More recently, the administration had entered into an agreement with TCS Education System, a Chicago-based company that operates a college system across the country. When that option fell through several months ago, executives had few options and chose to close. In early March, Crimmin announced that the school had stopped recruiting new students.

Becker’s closure was in a way a test of a set of new state regulations passed in the wake of the disappearance of Mount Ida, in an effort to prevent another equally chaotic last-minute closure.

The new rules state that colleges must post three years of audited financial statements on their website. State officials have also put in place a process for screening and reporting schools with financial problems, and they require schools to notify their students if they are reported.

Higher Education Commissioner Carlos Santiago noted in an interview that the school published a notice a month ago that it was considering closure and, unlike Mount Ida, has already made deals with d ‘other colleges where students can complete their degrees.

“The things we had control over and had responsibilities for went pretty well,” he said.

Chris Gabrieli, chairman of the State Council for Higher Education, said it was crucial to warn students as much as possible about a college closing.

“It’s great that the folks at Becker, the Department of Higher Education and other colleges rushed to come up with alternatives, but it should have happened sooner,” he said.

After Mount Ida closed, Becker and other colleges rushed to attract his students. Some of them have been transferred to Becker and now find themselves in a second lockdown.

Bryan Bastos was in his first year at Mount Ida when the college closed in his second semester.

He transferred first to Lesley University, Cambridge, then came to Becker due to his well-known digital media program.

“Becker gave me the chance to meet new people, and then it was just another slap in the face,” said Bastos, 21, of East Boston.

Bastos is not sure now if he will stay in school. He spent tens of thousands on a degree he still doesn’t have. He could move to the west coast or find a full-time job.

“I just ran out of resources,” he said. “It’s just a waste of money for a while now. I feel like I’m cursed and need to be blessed or something.


Laura Krantz can be reached at laura.krantz@globe.com. Follow her on Twitter @laurakrantz.



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Taye Diggs hosts 2021 Critics Choice Awards | How to watch, live stream, TV channel, time https://catholicrecordsociety.co.uk/taye-diggs-hosts-2021-critics-choice-awards-how-to-watch-live-stream-tv-channel-time/ https://catholicrecordsociety.co.uk/taye-diggs-hosts-2021-critics-choice-awards-how-to-watch-live-stream-tv-channel-time/#respond Wed, 07 Apr 2021 23:16:37 +0000 https://catholicrecordsociety.co.uk/taye-diggs-hosts-2021-critics-choice-awards-how-to-watch-live-stream-tv-channel-time/ Taye Diggs will host the 26th Annual Critics Choice Awards for the best film and television achievement when it airs tonight, March 7, at 7 p.m. ET / PT on The CW. You can also watch the rewards at FuboTV (7 day free trial). On television, two Netflix series, Ozark and The crown, garnered the […]]]>

Taye Diggs will host the 26th Annual Critics Choice Awards for the best film and television achievement when it airs tonight, March 7, at 7 p.m. ET / PT on The CW. You can also watch the rewards at FuboTV (7 day free trial).

On television, two Netflix series, Ozark and The crown, garnered the most nominations with six each. Netflix received 26 TV nominations in total, and HBO follows closely behind with 24. Other TV nominations this year include Lovecraft Country (HBO), Mrs. America (FX), Schitt Creek (Pop), and What we do in the shadows (FX) each earning five nominations, and You better call Saul (AMC) and The plot against America (HBO) each for four awards.

By combining television and film, Netflix has 72 nominations. At the movies, Netflix man won an impressive number of 12 nominations. Minari (A24) followed closely with 10 nominations. Notably, Olivia Colman, nominated for Best Supporting Actress for The father, as well as for his lead role in The crown, becomes the only artist recognized for his work in film and television this season.

Zendaya will receive the fifth annual SeeHer Award, as a woman who “embodies the values ​​set forth by the SeeHer movement, to push boundaries, challenge stereotypes and recognize the importance of authentic representations of women in the entertainment landscape.”

Presenting the awards will be Kevin Bacon, Angela Bassett, Mayim Bialik, Orlando Bloom, Phoebe Dynevor, Morgan Freeman, Gal Gadot, Jim Gaffigan, Tony Hale, Chelsea Handler, Justin Hartley, Chris Hemsworth, Tyler Hoechlin, Jameela Jamil, Leslie Jordan, Javicia Leslie, Eva Longoria, Chrissy Metz, Mads Mikkelsen, Lin-Manuel Miranda, Jared Padalecki, Ashley Park, Kyra Sedgwick, Yara Shahidi, Elizabeth Tulloch, Courtney B. Vance and Catherine Zeta-Jones.

What channel is the CW on?

You can find which channel the CW is on using one of the channel finder tools here: Verizon Fios, AT&T U-verse, Comcast Xfinity, Spectrum / Charter, Optimum / Altice, DIRECTV and Plate.

How to watch the Critics Choice Awards 2021 without cable?

You can distribute the rewards on FuboTV (7-day free trial then $ 64.99 / month) or AT&T now (starting at $ 69.99 / month). CW is only available in certain regional markets, so be sure to check CW is available in your region on both streaming sites.


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Tri-Cities real estate loans reach record level https://catholicrecordsociety.co.uk/tri-cities-real-estate-loans-reach-record-level/ https://catholicrecordsociety.co.uk/tri-cities-real-estate-loans-reach-record-level/#respond Wed, 07 Apr 2021 23:16:34 +0000 https://catholicrecordsociety.co.uk/tri-cities-real-estate-loans-reach-record-level/ “The mortgage industry became even more active in the third quarter of 2020, with the housing market still functioning as if the recession caused by the pandemic did not exist. Buyers and homeowners, drawn by low mortgage rates, continued to queue for loans at levels not seen in more than a decade, ”said Todd Teta, […]]]>

“The mortgage industry became even more active in the third quarter of 2020, with the housing market still functioning as if the recession caused by the pandemic did not exist. Buyers and homeowners, drawn by low mortgage rates, continued to queue for loans at levels not seen in more than a decade, ”said Todd Teta, director of products at ATTOM Data Solutions. “The only difference in the third quarter is that purchase loans overtook refinancing activity for the first time in over a year. However, we again cautiously note, as we have done with other recent market reports, that the pandemic and other factors could combine and halt the market boom. In the meantime, the third quarter stands out as another flagship quarter for lenders. “

Nationwide refinancing activity continued to account for the majority of home loans and continued to grow, but at a slower quarterly pace than purchase loans. It was the same for the local market.

Tri-Cities consumers launched nearly 4,000 home loans during the third quarter, a historic record. That’s an increase of 13% from the second quarter and 32.1% from the third quarter of last year.

Nationwide loans were up 17% from the second quarter and 45.1% from the third quarter of last year, according to ATOM Data Solution Residential Mortgage Origination Report.

Local buying arrangements lagged the refi market for the fourth consecutive quarter as homeowners took advantage of record rates. And while the trend for new loans was similar for the region’s two Metropolitan Statistical Areas (MSA), there was no variation in loan origination.

Kingsport-Bristol (Hawkins and Sullivan counties in NE Tenn. And Scott and Washington in SW Virginia) has had more purchase loans than the Johnson City MSA in all but one quarter since 2016, when the market started its current record streak.

But that’s where the similarities end.

There has been an increase in purchases and refi originations in the Johnson City MSA (Carter, Unicoi and Washington counties). Loan originations increased 28.9% from the second quarter and rewrites increased 15.4%.

Loans increased 19% at Kingsport-Bristol and refis increased 0.02%.

As purchases and refinances increase, Home Equity Loans (HELOCs) have continued to decline across the country. In the Kingsport-Bristol market, where they were down 1.6% compared to the second quarter. The Johnson City Metro Market provided the local contrast. HELOCs increased by 11.5% compared to the Q2 total.

David Hamilton, president of the Tri-Cities Mortgage Brokers Association, says much of the increase in purchase loans is due to people looking to relocate to the Tri-Cities area. “I am shocked at the number of people trying to relocate to our area,” he said.

Like realtors and builders, some local lenders are having their best years during the pandemic. However, much of the refinancing action is done online rather than with local loan stores.

So far this year, there have been 1,628 home loan originations in the Johnson City metro area, up from 1,483 in the same period last year. During the same period, 2,249 home loans came from Kingsport-Bristol, up from 1,959 in the first nine months of last year.

There have been 2,103 refi loans in the Johnson City metro area so far this year, up from 1,132 last year. Refi loans total 2,375 in the Kingsport-Bristol metropolitan area compared to 1,511 last year.

© 2020, donfenley.com. All rights reserved.

Categories: REAL ESTATE


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Pressure mounts for President Biden to eliminate student loan debt https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/ https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/#respond Wed, 07 Apr 2021 23:16:33 +0000 https://catholicrecordsociety.co.uk/pressure-mounts-for-president-biden-to-eliminate-student-loan-debt/ Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student. Efforts to convince President Biden to eliminate the student loan debt of tens of millions of Americans are gaining momentum. A coalition of Democrats are pleading to forgive up to $ 50,000 to boost the country’s economy. […]]]>


Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student.

Efforts to convince President Biden to eliminate the student loan debt of tens of millions of Americans are gaining momentum. A coalition of Democrats are pleading to forgive up to $ 50,000 to boost the country’s economy.

When this form of loan forgiveness was not included in the $ 1.9 trillion stimulus package passed last week, pressure from some Democrats on President Biden intensified to use his own executive power to to act.

“The momentum is building, the coalition is growing,” said Democratic Representative Ayanna Pressley of Massachusetts. “It’s time for judgment.”

It’s a growing movement to demand that the president write off up to $ 50,000 in American student debt by executive order.

Nationwide, student loan debt stands at over $ 1.6 trillion, an average of over $ 37,000 per student.

“The university should be a ladder,” said New York Senator Chuck Schumer. “For too many people, debt is the anchor that weighs them down.”

One of those people is Carlsbad resident Taylor Petersen.

Through her college and graduate studies, the 28-year-old copywriter has accumulated nearly $ 80,000 in student loans, which she has so far been unable to pay interest on.

“It seems insurmountable,” said Petersen. “It’s something I’ve learned to accept as something I’ll pay for every month, probably until I’m really old.”

For now, his federal loans are on hold, after President Biden extended the break on principal and interest repayments until October 1.

But Petersen is hopeful that some form of loan forgiveness will be adopted at this point. “It would be a burden on my shoulders,” she added.

This would also apply to around 36 million other graduates.

“Particularly black and brown families,” Pressley said, “who we know will be spending this money in their communities.”

Facing Republican opposition, Democratic leaders pushing executive action say that debt cancellation will ultimately boost the economy.

“Right now, young people with student debt are not starting small businesses, not just because of the pandemic, it was a problem before the pandemic,” said Democratic Senator Elizabeth Warren of Massachusetts. “They are not able to buy houses, they often cannot leave the houses of their loved ones.”

“Why are you okay?” Petersen asked. “And why do we accept this as a life … as a future for people?”

As Democrats demand a $ 50,000 rebate, President Biden has voiced his support for $ 10,000, pushing Congress to pass a law he says he wants to sign.





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New York comedy clubs demand Cuomo to allow reopens during COVID https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/ https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/#respond Wed, 07 Apr 2021 23:16:09 +0000 https://catholicrecordsociety.co.uk/new-york-comedy-clubs-demand-cuomo-to-allow-reopens-during-covid/ Photo: courtesy of the office of Senator Michael Gianaris Today, a group of New York City comedy club owners and State Senator Michael Gianaris are demanding that Governor Cuomo allow them to reopen under the same COVID-19 restrictions as the city’s restaurants. The #SaveNYComedy initiative argues that most small venues will be forced to shut […]]]>


Photo: courtesy of the office of Senator Michael Gianaris

Today, a group of New York City comedy club owners and State Senator Michael Gianaris are demanding that Governor Cuomo allow them to reopen under the same COVID-19 restrictions as the city’s restaurants. The #SaveNYComedy initiative argues that most small venues will be forced to shut down permanently if nothing is done and that there is no difference in terms of safety between allowing a limited capacity dinner and asking people to get together to watch a comedian perform.

“I can’t find a single person making these decisions who can explain to me why comedy clubs are more dangerous than restaurants or bowling alleys that are allowed to operate now,” Senator Gianaris, known to some as of the “Amazon Slayer” for blocking the company’s planned headquarters in Queens, Vulture said. “If restaurants are allowed to have outdoor capacity, why is it any different if you have the same setup but someone is telling jokes?” It does not mean anything.”

As part of the plan to reopen phase 4 of New York, restaurants can start offering indoor dining on September 30 at 25% capacity, with tables spread out, no bar service, waiters wearing protective gear, and patrons required to wear masks unless they are seated at their tables and eating. “In a restaurant, people sitting around the table talk to each other all the time, whereas in a comedy club, they usually don’t. They look at the interpreter, ”says Gianaris. “The rule should be applied evenly for similar venues, and there is no reason why we should punish comedy clubs.”

Queens-based Gianaris, who previously led the fight for New York to freeze rent payments during the pandemic, also points out that the governor could change this rule immediately. But last week Cuomo said in a radio interview, “How essential is a comedy club when you’re talking about a possible infection rate?” Don’t offend the folks at the comedy club – Lord knows we have to laugh – but these are the calibrations we do.

The New York Comedy Coalition, meanwhile, has a long proposal which details the clubs’ plans – including the Comedy Cellar, QED Astoria, Gotham and New York Comedy Club – for the reopening. Guidelines include rules for capacity at remote tables, no gathering among patrons, tickets for all shows to allow for contact tracing, and performers standing at least ten feet from the audience. Gianaris had arranged a meeting with club owners and Cuomo’s advisers to brief them on the proposal, and he says it was surprising they weren’t included in plans to reopen.

“I have high hopes,” he said. “We were working closely with senior governor officials on this, and there seemed to be a certain level of understanding. I don’t know why they backtracked, but I hope we will correct it quickly.

On Tuesday afternoon, Gianaris joined a press conference at the New York Comedy Club to discuss the issue alongside room owners and the comics. QED Astoria organizer and owner Kambri Crews said: “We may be around 50 people – perfectly legal. But if I were to start telling jokes, charge you $ 5, require you all to be masked, sit and safely space six feet apart, and collect your contact details for tracing, that is is illegal. It does not mean anything.

Other owners, including Marko Elgart of Eastville Comedy Club and Scott Lindner of New York, explained that their capacity would still be less than 40 people and that it would be almost impossible to repay the PPP loans granted to them. James Dolce, of the Governor’s Comedy Club of Long Island, mentioned that after more than 12 weeks of presenting shows with all the proper precautions and safety moderations, not a single case has left the room. “We have proven it,” he said. “It has been done, and it can be done in any comedy club.”

Finally, comedian Christian Finnegan explained how vital the comedy scene is to the city and tourists, and pointed out that like cockroaches, stand-ups cannot be stepped on. “If the idea was to ban stand-up comedy, the guidelines set out by Governor Cuomo have been totally unsuccessful,” he said. “There are comedy shows going on tonight in private homes, in backyards, in parking lots. The only thing Governor Cuomo’s guidelines do is prevent them from being safely executed by licensed sites that know what they’re doing.



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Portland voters approve creation of new civilian-run police oversight board https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/ https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/#respond Wed, 07 Apr 2021 23:15:53 +0000 https://catholicrecordsociety.co.uk/portland-voters-approve-creation-of-new-civilian-run-police-oversight-board/ Voters in Portland on Tuesday approved a voting measure to create a new police oversight board, touted as having more powers to hold officers accountable to the public. Measure 26-217, which create the framework for the new police oversight board managed by civilians which would investigate all complaints of misconduct by city officials and impose […]]]>


Voters in Portland on Tuesday approved a voting measure to create a new police oversight board, touted as having more powers to hold officers accountable to the public.

Measure 26-217, which create the framework for the new police oversight board managed by civilians which would investigate all complaints of misconduct by city officials and impose discipline in cases where violations were found, rose from 82% to 18%, according to partial returns as of 11 p.m. Tuesday.

The new Police Oversight Board is expected to replace the Independent Police Review, which, together with the Police Bureau’s Internal Affairs Unit, investigates complaints of officer misconduct. The existing police oversight committee has drawn criticism because it cannot investigate shootings involving officers or cases in which people die in custody, cannot make its findings public, and has no jurisdiction. say in the discipline of officers convicted of offenses.

The measure will also require council funding to be at least 5% of the Police Bureau’s budget, or about $ 11.5 million this year. The independent police review has a budget of almost $ 3 million.

Opponents have questioned the legality of the new police supervisory board. They also said the proposal was rushed in the November ballot. And they say barriers like state law, city code and the current police union contract will prevent any monitoring system from being more effective than the one currently in place.

Commissioner Jo Ann Hardesty, who has championed the ballot measure, said after the results were announced she believed the proposal had been well approved and expected a legal challenge from the Portland Police Union .

“I expect them to file a complaint so it won’t be a surprise,” Hardesty said. “But because the voters have exceeded this margin by more than 80%, I think the lawyers of the city will be convinced that they can rigorously defend the will of the people in court.

– Everton Bailey Jr; ebailey@oregonian.com | @EvertonBailey

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After a long wait, concert halls secured themselves for millions in pandemic relief grants https://catholicrecordsociety.co.uk/after-a-long-wait-concert-halls-secured-themselves-for-millions-in-pandemic-relief-grants/ https://catholicrecordsociety.co.uk/after-a-long-wait-concert-halls-secured-themselves-for-millions-in-pandemic-relief-grants/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/after-a-long-wait-concert-halls-secured-themselves-for-millions-in-pandemic-relief-grants/ After months of waiting, concert halls, promoters, theaters and attractions in Tampa Bay are bracing for a long-awaited pandemic relief boon. The $ 16 billion closed site operator grants were part of a pandemic relief package adopted in December, but were delayed for several weeks as the Small Business Administration made changes and found how […]]]>


After months of waiting, concert halls, promoters, theaters and attractions in Tampa Bay are bracing for a long-awaited pandemic relief boon.

The $ 16 billion closed site operator grants were part of a pandemic relief package adopted in December, but were delayed for several weeks as the Small Business Administration made changes and found how the deploy. Applications will finally be available on April 8, according to the agency.

They don’t arrive a moment too early.

“They’ve been slow as molasses in developing the criteria and the process,” said Judy Lisi, president and CEO of the David A. Straz Jr. Center for the Performing Arts. “A lot of these organizations, and especially a lot of these theaters, are hanging on by the nails. It is therefore essential that they get it. It just took so long. This thing was signed in December and we are now in April. Another whole quarter has passed.

Related: Closed Tampa Bay entertainment venues may soon see relief

Under the program, venues, concert promoters, theater companies and a host of other entities can apply for grants of up to 45% of their gross revenues as of 2019, with support capped at 10. millions of dollars. Grants will be awarded first to sites that have lost 90% of their revenue in a given quarter, then 70%, then 25%.

Small business administration latest guidelines give more details about who may or may not receive funds. Among those that are likely left out are drive-in theaters, wedding and event spaces, and theaters owned and controlled by publicly traded companies like Live Nation.

Some sites have already received assistance in the form of Paycheck Protection Program loans through the Small Business Administration. Originally, grant applicants for closed site operators were not eligible to apply for a second loan this spring. But the latest relief and stimulus package, adopted this month, removed that restriction, meaning organizations can now apply for both. (The total amount of the loans will however be deducted from the grant allocations).

Among the many sites in Tampa Bay that received loans last spring: the Straz Center, which raised $ 2,828,859; ZooTampa at Lowry Park ($ 2,155,051); the Florida Aquarium ($ 1,983,977); Ruth Eckerd Hall ($ 1,234,235); and the Salvador Dali Museum ($ 703,000). The Small Business Administration has yet to release totals for its second round of Paycheck Protection Program loans.

Related: Concerts return to Tampa Bay as troubled venues await government help

Ruth Eckerd Hall spokeswoman Katie Pedretty said the venue had lost 90% of its business and planned to ask for a maximum of $ 10 million. The venue did not apply for a second loan, she said.

ZooTampa President and CEO Joseph Couciero secured a second loan from the Paycheck Protection Program, and said the zoo would also apply for a grant after losing “a significant amount of earned income,” but he expected the zoo to be part of a lower priority grant level. recipients.

Lisi said the Straz Center plans to seek both the grants and a second loan, in part because the pool of potential applicants has grown.

“Originally, they thought there would be 10,000 winners. Now looks like it’s going to hit 30,000, ”she said. “I think they’re going to run out of money. My CFO said she was doing both, which I was grateful for, because I really think it’s going to be a race to the end, and I don’t think so. not that there will be enough money. I prefer to hedge my bets. “

Yet small organizations are eager to seek all the help they can. The Carrollwood Cultural Center secured a loan of $ 64,870 last spring, as well as a second loan of over $ 77,000 this spring, said executive director Paul Berg. And there is still a lot of need.

“We’re going to go out there and see what we can get, because the performing arts need all the help they can get,” Berg said. “If we get something, it’s great. This is more than what we had before and it complements all the loss of income with everything that is going on. I have lost sight of the amount of potential income that we have lost. “



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Wells Fargo Seems Exposed To Upcoming Mortgage Crisis, Analyst Says https://catholicrecordsociety.co.uk/wells-fargo-seems-exposed-to-upcoming-mortgage-crisis-analyst-says/ https://catholicrecordsociety.co.uk/wells-fargo-seems-exposed-to-upcoming-mortgage-crisis-analyst-says/#respond Wed, 07 Apr 2021 23:14:20 +0000 https://catholicrecordsociety.co.uk/wells-fargo-seems-exposed-to-upcoming-mortgage-crisis-analyst-says/ Text size Wells Fargo appears exposed to an upcoming mortgage crisis. Photograph by Maximillian Conacher Banks are on the verge of having a mortgage problem in their hands, and a troubled bank could be particularly at risk. With the unemployment rate rises and other workers are on leave or face lower wages, banks expect many […]]]>


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