Volcker Rule Details Revealed: Compensation For Prop Trading Will Be Barred... Just Not Prop Trading ItselfSubmitted by Tyler Durden on 12/09/2013 17:03 -0500
The WSJ has revealed the latest developments of tomorrow's "fluid" Volcker Rule vote on prop trading:
- Volcker Rule Will Bar Compensation Arrangements That Reward Proprietary Trading, Rule Text Says
- Rule Will Exempt Foreign Sovereign Debt From Proprietary Trading Ban, According To Rule Text Reviewed By Wall Street Journal
In other words, prop trading itself will not be explicitly barred, just associated compensation (and banks can still buy as much Italian and Spanish bonds for their accounts as they want). Which means banks can engage in as much prop trading as they wish (which courtesy of $2.4 trillion in excess deposits aka excess reserves is a lot) and bang as much VIX closes as they desire, they just need to have trader bonus "arranagements" to be tied to something else. Like make-believe flow trading which can be manipulated to show anything and everything.
The Fed's Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was the Fed's comment that it would consider lowering the Interest on Excess Reserves to zero as a means to offset the implied tightening that would result from the reduction in the monthly flow once QE entered its terminal phase (for however briefly before the plunge in the S&P led to the Untaper). After all, the Fed's policy book goes, if IOER is raised to tighten conditions, easing it to zero, or negative, should offset "tightening financial conditions", right? Wrong. As the FT reports leading US banks have warned the Fed that should it lower IOER, they would be forced to start charging depositors.
With such a spectacular source of impeccably timed, if always wrong, FX trading recommendations as Tom Stolper, who has cost his muppets clients tens of thousands of pips in currency losses in the past 5 years, and thus generated the inverse amount in profits for Goldman's trading desks, the last thing we expected to learn was that Goldman's currency traders, who by definition takes the opposite side of its Kermitted clients - because prop trading is now long forbidden, (right Volcker rule?) and any prop trading blow up in the aftermath of the London Whale fiasco is not only a humiliation but probably illegal - had lost massive amounts on an FX trade gone wrong. Which is precisely what happened.
- JPMorgan $13 Billion Mortgage Deal Seen as Lawsuit Shield (BBG)
- J.P. Morgan Is Haunted by a 2006 Decision on Mortgages (WSJ)
- World powers, Iran in new attempt to reach nuclear deal (Reuters)
- Keystone Foes Seek to Thwart Oil Sands Exports by Rail (BBG) - mostly Warren Buffet?
- How Would Fed Deal With Debt Ceiling Crisis? Look to Minutes for Clues (Hilsenrath)
- Anything to prevent the loss of prop trading: 'Volcker Rule' Faces New Hurdles (WSJ)
- BOE Sees Case for Keeping Record-Low Rate Beyond 7% Jobless (BBG)
- Obama Backs Piecemeal Immigration Overhaul (WSJ)
- Abenomics Seen Cutting Japan Bad-Loan Costs to 2006 Low (BBG)
- What can possibly go wrong: Tepco Successfully Removes First Nuclear Fuel Rods at Fukushima (BBG)
- Japan's Banks Find It Hard to Lend Easy Money (WSJ)
- U.S. Military Eyes Cut to Pay, Benefits (WSJ)
- Airbus to Boeing Cash In on Desert Outpost Made Field of Dreams (BBG); Dubai Air Show: Boeing leads order books race (BBG)
- Sony sells 1 million PlayStation 4 units in first 24 hours (Reuters)
- Russian Tycoon Prokhorov to Buy Kerimov's Uralkali Stake (WSJ)
- Google Opening Showrooms to Show Off Gadgets for Holidays (BBG)
- Need. Moar. Prop. Trading: Federal Reserve considering a delay to Volcker rule (FT)
- Raghuram Rajan plans ‘dramatic remaking’ of India’s banking system (FT)
- SAC Capital's Steinberg faces insider trading trial (Reuters)
On the surface Goldman's earnings, which just hit the tape at $2.88/share, and which beat expectations of $2.47 - higher than the $2.85 from a year ago - were far better than some of the worst case expectations. That is, until one actually looks at how they were derived. Sadly for Goldman's employees, the EPS beat was not due to a rise in actual revenues, which missed expectations of $7.35 billion massively, printing at $6.72 billion and down 20% from a year ago, but due a slashing in compensation expenses, which were brutalized from $3.7 billion in Q3 2013 and Q2 2013, to "only" $2.4 billion, a 35% Y/Y drop!
On the surface, the latest Q3 bank numbers to come out of Bank of America today, were not quite as bad as those previously reported by the other TBTFs, namely JPM, Wells and Citi. At a (massively adjuste4d) EPS of $0.20, this was just 1 cent below the expected $0.21, even as net revenue of $21.74 billion missed expectations of $21.95 billion. So far so good. At least so good until one realizes that of the $5.1 billion in pretax income, some 1.4 billion, or over a quarter, was from the usual accounting magic well of gimmicks: loan loss reserve releases! In fact, the $1.391 billion in reserve reduction driven by $1.7 billion in charge offs offset by a tiny $0.3 billion in provisions, was the highest reserve release in the past year, only lower than last Q3's $2.3 billion, when the bank - just like today - was in desperate need of any source of fake earnings. Why? Because the bank's loan origination group, just like all other banks', cratered, and saw non-interest income in its real estate services division implode by $1.5 billion to just $844 million. So much for whatever housing recovery the rose-colored glasses ones had envisioned...
The Fed's Broken Piping In One Chart: JPM "Purchasing Dry Powder" Rises To All Time High $550 BilllionSubmitted by Tyler Durden on 10/11/2013 11:54 -0500
As of the most recent data, which saw JPM's deposit holdings surge by the most ever (except of course for the inorganic "acquisition" of WaMu in Q3 2008) or $78 billion in just one quarter, while loans continued to be flat, we now knows that JPM had marginable power to chase risk higher to the tune of $552 billion, an all time record in excess deposits over loans!
Take all the talk about how "soaring" (to below 3%) rates will not impact housing, or that rising rates are great for banks because they help boost Net Interest Margins, and dump it in the trash. Why? Exhibit A - Wells Fargo, the bank which is most reliant on the housing market (unlike such prop trading powerhouses as JPM and Goldman) to generate revenues (which missed expectations) which just announced its Q3 earnings. The numbers of note were not among the fudged top or bottom-line headline grabbers. They were far uglier, and were as follows.
JPM Hammered By Massive $9.2 Billion In Legal Expenses, Posts First Loss Under Dimon; Takes $1.6 Billion Reserve ReleaseSubmitted by Tyler Durden on 10/11/2013 06:42 -0500
So much for the JPM "fortress balance sheet." Moments ago the bank which 18 months ago stunned the world with the biggest prop trading loss in history, just reported its first quarterly loss under Jamie Dimon, missing expected revenue of $24 billion with a print of $23.88 billion, but it was net income where the stunner was in the form of a $0.4 billion net income. The reason: the fact that from the government's best friend, Jamie Dimon has become the punching bag du jour, and having to pay $9.15 billion in pretax legal expenses, the biggest in company history. Considering that the other key component of Q3 net income was a whopping $1.6 billion in loan loss reserve releases, one wonders just how truly strong Q3 earnings really were. But of course, this being Wall Street, all negative news is "one-time" and to be added back. Which is why JPM promptly took benefit for all charges, which means adding back the $7.2 billion legal expense and $992 MM reserve release after tax benefit. In short: of the firm's $1.42 in pro forma EPS, a whopping $1.59 was purely from the addback of these two items.
With Janet Yellen now confirmed as Bernanke Mark 2, it is time to recall that in addition to a new Chairman, four of the Fed's voting members will also rotate. And while below is the latest preview of the voting FOMC members (previously 2011 and 2012) ranked by Reuters in terms of their dovishness and hawiskness, the reality is that the peripheral Fed presidents (here we focus on the Hawks obviously) are nothing but figureheads whose only function is to be roundly ignored if and when they dissent with the new Chairman.
While a mortgage-related lawsuit and/or a settlement was long in the making, and was well-known to most in the industry, it is the monetary aspect of the resolution that is slowing down the outcome. Because if the NYT is correct, not even taking credit for all its fake "earnings" in the form of a complete reserve release would save JPM: "Underscoring the breadth of the scrutiny, the people said, JPMorgan and the Department of Housing and Urban Development briefly discussed the possibility of striking a wide-ranging settlement to conclude many of the looming mortgage investigations from federal authorities and state attorneys general. But the housing agency floated a price tag of about $20 billion for the settlement, the people said, effectively derailing settlement talks with JPMorgan lawyers, who were stunned by the size of the proposed penalty and expected to pay a fraction of that sum."
As it turns out, a lot... and also very little.


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Depreciation is something that all motorists need to worry about. If you’re buying new, then the problem is even more pressing, as the effects of depreciation are at their most acute during the earliest part of a vehicle’s lifespan. Just about everyone’s heard it said that a car loses several thousand pounds in value from the moment that it’s driven off the forecourt.
Depreciation is driven by a variety of factors. Among the most significant of them is the desirability of the car in question, and its potential to become a ‘classic’. Luxury brands like Mercedes tend to depreciate quickest, as what’s in style one year might be supplanted by something new in years to come. This danger is especially considerable in the modern age, when the looming shadow of the electric car threatens to wipe out the value of a modern high-end estate in a matter of years.
Depreciation-analysing website CarEdge claims that a three-year old Mercedes represents the best value, with just under 40% of its residual value having been scythed away by depreciation.
What’s GAP Insurance?
Guaranteed Asset Protection (or GAP) insurance is a means through which motorists can protect themselves against the effects of depreciation and theft. With a conventional insurance, a driver could purchase a car, and write it off just a few hours later. In such an instance, they’d be covered against the value of the car at the moment it was written off, rather than against the purchase price.
In the case of a high-value car like a Mercedes, this difference can be a significant one. And if the vehicle in question has been purchased using finance, it can leave the motorist in question in a sizeable amount of debt, secured against an asset that they no longer own.
If you’re looking for Mercedes GAP insurance, you’ll find it from reputable providers online. The product is one that will appeal in particular to certain sorts of motorist. If you’re buying your vehicle on finance, then you’ll benefit from the extra protection on offer. If you’re buying new, then it’s especially worthwhile – but even if you aren’t, you might find that the protection you enjoy makes the cost justified. If you think that you’re likely to be a victim of crime, similarly, then investment in GAP insurance might be enough to provide you with peace of mind.
On the other hand, there are other kinds of motorist for whom the price of admission might be more difficult to justify. Before handing your money over, it’s worth taking stock of what’s being offered, and whether or not GAP insurance suits your circumstances. If you’re aiming for a Mercedes, then the chances are that the figures will add up.
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First, it was thought the 2013 salary cap for NFL teams would be $121,500,000.00. Then PFT reported it would exceed $122,000,000.00. Now, PFT says sources are claiming the new cap will actually be even bigger--north of $123,000,000.00.
At $123 million, that’s only a 1.9-percent increase over last year. But it’s more than anyone thought it would be. And the extra $2.4 million in 2013 can provide the foundation for a much larger guaranteed payment now, with the amount spread for cap purposes over multiple years.
Stay tuned for next week's episode of "Who Wants To Pretend To Know What The Salary Cap Will Be?".
SPOILER ALERT: No one knows, but someone is sure to report it'll be $124,000,000.00. And then I'll post about it, because I'm a moron.


You think getting a claim paid today is difficult, well let’s step back a little further on the the Tri-Care bids and these 2 situations are still up in the air. Healthnet and Humana protested the bids and thus far the GAO is still looking into the matter. Aetna supposedly cheated with hiring a former Tri-Care official to prepare it’s bid.
I think we need some monitoring and auditing here with insurance companies as the bid process is also becoming an administrative nightmare too. BD
Humana appears to have won at least some measure of victory in its push to keep its Tricare membership, but it's unclear whether it will win another five-year contract to administer Tricare benefits in the southern region. Tricare Management Activity, which runs Tricare, had failed in its bid evaluations to account adequately for how much Humana's network discounts could save the government.
Tricare is the government health plan for military service members, their families and survivors. Commercial insurers are contracted to administer the benefits domestically in three regions: South, North and West.
The GAO also upheld Health Net's protest of the bid process for the next five-year Tricare contract for the North region, but the final award of that contract also is pending.
The reviewers recommended that TMA assess whether Aetna, which originally won, should be disqualified because of "appearance of impropriety" created when Aetna hired a former Tricare official to help prepare its bid.


Is going to a Major League Baseball game expensive? It depends who you ask. To an old-timer who hopped the fence and bought a 5-cent hot dog while watching Koufax pitch, today’s expensive ticket prices are insane. However, talk to someone who went to an NFL or NBA game recently. Compared to those prices, a $40 box seat at Dodger Stadium sounds great.
Even today’s beer prices are not as outrageous as some might have you believe. At Yankee Stadium, a tall imported beer costs $12, but here’s the thing: It’s 24 ounces. That counts as two beers in the real world, and $6 is normal anywhere else in New York. (We’d like to see a similar rationale behind popcorn prices at any major movie theater.)
If there’s one place where MLB ticket prices get crazy, it’s on the secondhand market. For the most popular teams, ticket brokers snatch up most of the good season tickets, leaving fans with little choice but to pay surge pricing or stay home. To see where resale prices are craziest, TickPick crunched the numbers for the 2017 season. Here are the 10 highest resale prices at MLB parks.
10. New York Mets
Citi Field, home of the New York Mets, ranks among fans’ favorite parks for its classic design and overall value. Like the Yankees’ new park, Citi also opened in 2009 and hosted one World Series (2015). Another thing this ballpark has in common with its Bronx neighbors: relatively expensive ticket prices. The average Mets ticket cost $69.31 on the resale market in 2017.


Melrose saw a 30 percent rise in home sales in November compared with the same month last year, but year-to-date sales still lag slightly behind the 2011 pace, according to recent data. A total of 26 single-family homes were sold in the city last month, up from 20 in November 2011, according to data from The Warren Group,which tracks real estate data statewide. A total of 213 homes have been sold in Melrose year-to-date, down from 223 through November 2011, according to the data. Home sale prices in Melrose are up slightly compared with last year. The average sale price year-to-date in the city is $401,500, a 1.9 percent increase over last year.
Thirty percent rise in Melrose home sales
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Investment property in Medowie has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.30%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Medowie has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Medowie, 2318. Typically our figures indicate that -3.18% is being offered, which puts this NSW suburb at 3513th most discounted overall in Australia.
Residents and property investors in Medowie have been waiting around 62.52 days to sell a property.
Medowie, 2318’s gross rental yield is 4.30%


Stocks opened little changed on Tuesday, with investors wary of taking new positions before the Federal Reserve's interest rate decision.
The Dow Jones industrial average .DJI was up 28.21 points, or 0.21 percent, at 13,755.24. The Standard & Poor's 500 Index .SPX was up 1.25 points, or 0.08 percent, at 1,517.21. The Nasdaq Composite Index .IXIC was up 6.14 points, or 0.23 percent, at 2,725.09.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)


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12 CFR 360.3 - Priorities.
(a) Unsecured claims against an association or the receiver that are proved to the satisfaction of the receiver shall have priority in the following order:
(1) Administrative expenses of the receiver, including the costs, expenses, and debts of the receiver;
(2) Administrative expenses of the association, provided that such expenses were incurred within thirty (30) days prior to the receiver's taking possession, and that such expenses shall be limited to reasonable expenses incurred for services actually provided by accountants, attorneys, appraisers, examiners, or management companies, or reasonable expenses incurred by employees which were authorized and reimbursable under a pre-existing expense reimbursement policy, that, in the opinion of the receiver, are of benefit to the receivership, and shall not include wages or salaries of employees of the association;
(3) Claims for wages and salaries, including vacation and sick leave pay and contributions to employee benefit plans, earned prior to the appointment of the receiver by an employee of the association whom the receiver determines it is in the best interests of the receivership to engage or retain for a reasonable period of time;
(4) If authorized by the receiver, claims for wages and salaries, including vacation and sick leave pay and contributions to employee benefits plans, earned prior to the appointment of the receiver, up to a maximum of three thousand dollars ($3,000) per person, by an employee of the association not engaged or retained pursuant to a determination by the receiver pursuant to the third category above;
(5) Claims of governmental units for unpaid taxes, other than Federal income taxes, except to the extent subordinated pursuant to applicable law; but no other claim of a governmental unit shall have a priority higher than that of a general creditor under paragraph (a)(6) of this section;
(6) Claims for withdrawable accounts, including those of the Corporation as subrogee or transferee, and all other claims which have accrued and become unconditionally fixed on or before the date of default, whether liquidated or unliquidated, except as provided in paragraphs (a)(1) through (a)(5) of this section, provided, however, that if the association is chartered and was operated under the laws of a state that provided a priority for holders of withdrawable accounts over such other claims or general creditors, such priority within this paragraph (a)(6) shall be observed by the receiver; and provided further, that if deposits of a Federal association are booked or registered at an office of such association that is located in a State that provides such priority with respect to State-chartered associations, such deposits in a Federal association shall have priority over such other claims or general creditors, which shall be observed by the receiver;
(7) Claims other than those that have accrued and become unconditionally fixed on or before the date of default, including claims for interest after the date of default on claims under paragraph (a)(6) of this section, Provided that any claim based on an agreement for accelerated, stipulated, or liquidated damages, which claim did not accrue prior to the date of default, shall be considered as not having accrued and become unconditionally fixed on or before the date of default;
(8) Claims of the United States for unpaid Federal income taxes;
(9) Claims that have been subordinated in whole or in part to general creditor claims, which shall be given the priority specified in the written instruments that evidence such claims; and
(10) Claims by holders of nonwithdrawable accounts, including stock, which shall have priority within this paragraph (a)(10) in accordance with the terms of the written instruments that evidence such claims.
(b) Interest after the date of default on claims under paragraph (a)(6) of this section shall be at a rate or rates adjusted monthly to reflect the average rate for U.S. Treasury bills with maturities of not more than ninety-one (91) days during the preceding three (3) months.
(d) All unsecured claims of any category or class or priority described in paragraphs (a)(1) through (a)(10) of this section shall be paid in full, or provision made for such payment, before any claims of lesser priority are paid. If there are insufficient funds to pay all claims of a category or class in full, distribution to claimants in such category or class shall be made pro rata. Notwithstanding anything to the contrary herein, the receiver may, at any time, and from time to time, prior to the payment in full of all claims of a category or class with higher priority, make such distributions to claimants in priority classes outlined in paragraphs (a)(1) through (a)(6) of this section as the receiver believes are reasonably necessary to conduct the receivership,
Provided that the receiver determines that adequate funds exist or will be recovered during the receivership to pay in full all claims of any higher priority.
(e) If the association is in mutual form, and a surplus remains after making distribution in full of allowed claims as set forth in paragraphs (a) and (b) of this section, such surplus shall be distributed to the depositors in proportion to their accounts as of the date of default.
(f) Under the provisions of section 11(d)(11) of the Act ( 12 U.S.C. 1821(d)(11)), the provisions of this § 360.3 do not apply to any receivership established and liquidation or other resolution occurring after August 10, 1993.
Title 12 published on 17-Nov-2018 03:48
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 360 after this date.


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I’ve been reading this site for the last half hour, you all have some great info on here! I’m a first time investor looking to create some cash flow to help with bills. I’m looking at a 4 plex in Columbia, South Carolina asking 330k. If If I buy for 315k and get a good rate financing will there be room for any positive cash flow? The P/L sheet lists 39k gross profit with 22k being profit after repairs, taxes etc. My credit is fairly good and half the units are S8 so there would be some reassurance to a bank that money will be coming in. Is this a way to get some positive cash flow from the get go? If not, what is the best real estate investment to get some cash coming in each month without a ton of money down?


“Six million seniors are deprived of meals!” cried Nancy Pelosi recently about proposed cuts to the federal budget. Of course, researchers quickly refuted Congresswoman Pelosi’s numbers, but her statement reflects President Obama’s campaign rhetoric, “When you spread the wealth around, it’s good for everybody.” In a speech today, President Obama is apparently set to argue that rich people should pay more in income taxes so that people like Congresswoman Pelosi’s seniors will not miss any benefits.
As for President Obama, the richest 1% of the population now pays almost 40% of all income tax revenue. How much more does he think they should pay? The bottom 50% of income earners now pay 2.9% of all income taxes. How much less should they pay? At what point, does redistribution contradict the Founders promise of “life, liberty, and the pursuit of happiness”?


2017 furniture industry consumer report first rushed out
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Recently, the first quarter of 2017, Zhejiang furniture industry economic operation data analysis report released. According to the data show that the first quarter of 2017, Zhejiang furniture industry, the main indicators of a steady recovery, business efficiency to maintain growth,[url=http://loungechairsuppliers.com/beach-chairs/296.html]lightweight picnic chairs bulk price[/url] the industry running steadily improved. The following is the furniture industry in Zhejiang Province, the economic analysis of economic data part of the content:

In the first quarter, Zhejiang Province furniture industry to maintain a steady recovery in production. According to the Zhejiang Province by the letter and the Provincial Bureau of Statistics, the provincial regulations on the furniture business 509, the cumulative output of 57,161,600, an increase of 0.4%. Among them, wood furniture 753.96 million, down 3.8%; metal furniture 38.33 million,[url=http://loungechairsuppliers.com/beach-chairs/434.html]foldable beach deck chairs[/url] an increase of 2.0%; software furniture 4.5888 million, an increase of 9.9%. The province's furniture industry in the first quarter to complete the industrial output value of 23.634 billion yuan, an increase of 9.16%; to achieve industrial sales output value of 22.766 billion yuan, an increase of 9.65%. Leading indicators of positive expectations, business power consumption of 168 million kwh, an increase of 9.90%.

The province's enterprises to achieve export delivery value of 12.877 billion yuan, equivalent to 1.867 billion US dollars, an increase of 6.77%. Exports accounted for sales accounted for 56.56% of the output value. The province's enterprises to achieve new product sales of 8.913 billion yuan, an increase of 20.82%,[url=http://loungechairsuppliers.com/beach-chairs/234.html]large drying racks for laundry[/url] new products accounted for 39.15% of industrial sales value; production and marketing rate of 96.33%, an increase of 0.44%.

According to the Zhejiang Provincial Commission and the Provincial Bureau of Statistics of the province's 782 rules on the enterprise statistics, the first quarter of Zhejiang Province furniture industry benefits are as follows: the province's furniture enterprises above designated size profits and taxes 1.92 billion yuan, an increase of 4.62%. Among them, the profit of 1.086 billion yuan, an increase of 1.67%; tax 835 million yuan,[url=http://loungechairsuppliers.com/beach-chairs/299.html]dedicated beach chair with footrest cost[/url] an increase of 8.71%. Among them, the main business income of 22.321 billion yuan, an increase of 7.58%. The main business cost of 18.338 billion yuan, an increase of 6.98%. Loss of 195 enterprises, down 2.01%, loss of loss of 164 million yuan enterprises, an increase of 2.77%.


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Don’t have dental insurance? Before you get coverage for dental work and go look for a cheap dental clinic in Fair Oaks, it would be a good idea to have an understanding of why you might look into dental discount plans. Many individuals think the cost of a cleaning is inexpensive dental care, so why not just find an inexpensive dentist without a plan, pay out of my own pocket, and avoid paying premiums for full coverage dental insurance? That’s not a bad way to think, but think about these additional dental costs that are a heavy burden, especially for those needing affordable dental work.
- Orthodontics – A lot of kids eventually need orthodontic care, and some grownups might need them as well. The average cost of braces sits between $3,000-$7,500. Now, even with dental insurance for ortho work, you will pay some out-of-pocket expense, since most plans place a limit the coverage. However, with a good dental discount plan you can get a discount on the price of the braces and save a ton of cash against what you pay without orthodontic insurance.
- Dental Implants – Dental implants, also known as root canals, go for an average cost of $4,000. Can you imagine the physical pain of dental implants being made worse by a $4,000 dentist bill? Dental insurance companies give insurance for dental implants that reduces your dental expenses.
The prices associated with dental implants and braces are only 2 high cost expenses that will occur. When you get a great discount dental plan in Fair Oaks, CA, you can offset these costs and buy inexpensive dental care.
What Kind of Dental Plans Are Available In Fair Oaks, California 95628?
There are a bunch of different versions of cheap dental plans in Fair Oaks.
- Are you looking for a dental plan just for your family or just for yourself? Family dental insurance plans and individual dental insurance plans can be acquired, depending on your needs. Compare dental plan prices in Fair Oaks, California and look at the dental plan quotes for all your dental needs.
- Discount Dental Plans – Want a dental plan with no waiting period? Then you should get a discount dental plan. Discount dental plans are a terrific way to find affordable dental plans to get cheap dental care. Definitely note that dental discount plans are NOT full coverage dental insurance. They’re simply a reduction on the out-of-pocket expenses of dental services. But, a dental discount card can be valuable and will allow you to purchase a cheap method to find inexpensive dental work. Dental discount plans are much more affordable than dental insurance. Buy terrific plans here!
- Dental Insurance PPO – Dental insurance PPO plans are what many individuals are familiar with. There is usually an annual maximum benefit and a deductible, and the policyholder pays a percentage, or coinsurance, for dental care. Usually a cleaning is paid by the plan at 100%, allowing you to get free dental work! Still,But, the cost of true dental insurance plan is much higher than a dental discount plan.
- Dental Insurance HMO – An HMO dental insurance plan is similar to a dental insurance PPO plan. Instead, HMO plans typically include a set cost for each covered service that a dentist might do.
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Who Should Purchase A Dental Discount Plan
Discount dental plans are an awesome idea for anyone who wants to buy low cost dental care but not pay a ton for that privilege. Discount dental plans allow you the ability to go to a inexpensive dentist and get more bang for your buck. No worries about finding a dentist in your network.
College students are perfect for discount dental plans. When your student is away from home, you need to know that they will be taken care of if he or she had to go to a dentist. Dental discount plans are low cost, great dental plans for students. Here is an awesome dental discount plan offer for college students:
How To Get Dental Discount Plans, And How Expensive Are Discount Dental Plans In Fair Oaks, CA 95628?
Fortunately, it’s simple to find out how to get discount dental plans in Fair Oaks, California, and how expensive, or inexpensive a dental discount plan is in Fair Oaks, California. You can go here to compare dental plans and get the dental insurance cost that you are comfortable with. As soon as you get your plan, you should start searching for a dentist that will give you the cheap dental services that you want to get that beautiful smile.


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Property tax measures defeated in Metro East elections
- Staff St. Louis Business Journal
Voters in the Metro East did not support increasing property taxes in support of local schools.
In O'Fallon, Ill., a property tax increase for District 90 was rejected by more than a thousand votes, KMOX reports. In Fairview Heights, a property tax increase for the Grant School District was also rejected, leaving the district to borrow money to get through the rest of the school year. A $12 million bond issue to build a new middle school in the Smithton School District was also turned down.
In addition to property tax measures, voters kept Belleville Mayor Mark Eckert, who beat out Joe Hayden in a close race. Edwardsville voters elected Hal Patton their new mayor over Barb Stamer by 600 votes.
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A beneficiary statement is a statement which carries information about a loan. It is often issued by a lender, disclosing the remaining unpaid balance on a mortgage note(or mortgage loan) as of the date specified, along with its interest rate, and other information concerning such loan.
A lender may issue a beneficiary statement upon request, and may of course depend on the circumstances or reasons for request, such as when the borrower decides to sell the property, or is applying for another mortgage or loan, among other circumstances wherein a beneficiary statement is needed.
Contents of a beneficiary statement may vary from one lender to another, and from one area to another. Still, a typical beneficiary statement includes the following information:
As mentioned, information may vary from one beneficiary statement to another. Thus, it is important to know and understand the laws and rules regarding beneficiary statements in your area. Also see different formats like statements in pdf, statements in doc.
A loan statement is a document which discloses the details of the loan, including the terms of such loan. This is basically similar to a beneficiary statement. However, a beneficiary statement may also serve as a requirement when a borrower applies for another loan.
Information included on both statements are somewhat similar. Some lenders may consider accepting loan statement instead of a beneficiary statement. Others, however, may have a strict policy that the borrower needs to present a beneficiary statement of previous loans as a requirement for another loan application.
Still, in requesting a beneficiary statement from a previous lender (or lending company), the lender may charge a certain amount for the issuance of such document. It is thus necessary for the borrower to inquire whether the lending company where he/she intends to apply for a loan would consider a loan statement to avoid such additional payment from the previous lender.
Beneficiary statements are issued with the intention of informing both the lender and the borrower of the status of the loan under the borrower’s name.
As discussed, a beneficiary statement can be requested by the borrower for several reasons, usually in applying for another loan. Because beneficiary need statements serve as a note including information regarding the borrower’s current loan status, it serves as one of the documents which help other lenders to decide whether such borrower is worthy of being granted another loan.
That being said, it is required that a beneficiary statement contains correct and accurate information regarding a borrower’s loan, meaning the information needs to be checked twice by both the issuer (previous lender) and the borrower upon issuance and receipt respectively.


The industrialized nations organization OECD sees the global economy on a slow recovery course. The bottom seems to be over because energy prices and headline inflation are falling, supply bottlenecks are easing and household finances are relatively sound, the Organization for Economic Co-operation and Development (OECD) said in Paris on Wednesday.
In its new economic outlook, the OECD expects global growth of 2.7 percent for 2023, which should accelerate slightly to 2.9 percent in 2024. This will still be well below the average of the ten years before the corona pandemic. There is still a long way to go towards strong and sustainable growth.
OECD forecast: Germany's economy will stagnate in 2023
According to the OECD forecast, the economy in Germany is likely to stagnate this year and grow by 1.3 percent in 2024. High inflation is reducing income and savings, which is dampening private consumption. The export business will provide decisive impetus for the economic revival: the supply chains are easing and the order backlog is high.
The OECD warned that those responsible in politics must act decisively in order to bring about stronger and more sustainable growth through economic and structural policy measures. However, this will be difficult because inflation is still too firmly anchored, debt is too high and production potential is too low. Investing in education and skills is essential to enable people to thrive in tomorrow's economy and to reap the benefits of higher productivity.


In an ironic twist, McMinnville officials did not reach a determination in regard to longevity pay because the meeting ran out of time.
Finance Committee members were interrupted in mid-discussion when their meeting ran past the allotted time allowed — 20 minutes to discuss three items, one of which was longevity pay.
Before being cut short, Alderman Ken Smith made a recommendation to change the city’s longevity policy, a change he says will correct a “glitch” that requires employees to work past their anniversary date in order to receive that year’s longevity pay.
Longevity pay was created to reward employees who have provided continuous service to the city. What each employee receives is based on their anniversary date in the calendar year the pay is to be issued. Checks are issued between Nov. 15 and Dec. 15 yearly, at a rate of $100 per year of service, up to $3,000.
According to the policy, “to be eligible for longevity pay an employee must be considered a full-time, active employee at the time checks are distributed.”
Smith recommended adding the words “or an individual who retires in the year in which the longevity pay is distributed.”
When Smith previously brought the situation to the board’s attention, he was accused by Alderman Mike Neal of attempting to change the city policy for one employee — Greg Wanamaker, who decided to retire Oct. 31 and forfeit $2,900.
Neal was absent from Tuesday’s meeting. However, Smith says he and Neal worked together on the changes, with Neal removing the word “active.”
“Mike and I have discussed this on how are we going to come to an agreement,” said Smith. “This changes one part of a sentence. Mike removed the word ‘active.’”
Adding the sentence and removing the word would mean an employee who decides to retire on their anniversary date during the year would be eligible for a longevity check when they are distributed at the end of the year.
Alderman Billy Wood, although not on the committee, asked about the possibility of striking the word “continuous” from the policy.
“We have had employees who may have been with us four or five years and then they left,” he said. “When they reapplied, the city took them back immediately because they were good employees.”
As the policy is currently written, an employee is not eligible for longevity pay until after three years of service. If an employee leaves the city and returns, the clock begins again.
When asked to explain the initial intent of longevity pay by Mayor Jimmy Haley, city recorder Shirley Durham said the longevity pay is an incentive to keep employees from leaving their employment and was not intended for retirement.
Haley says the recommended change would cause another glitch in that an employee could get longevity pay in December and if their anniversary date is in January, they could elect to retire that month and still receive a check the following December without working that year.
It does not, says Smith.
“It comes back to anniversary date,” he said. “If they get paid in December for the previous January, what they are getting paid for is previous year.”
Giving employees their longevity pay when they retire could cause another glitch, says Haley.
“Let’s say their anniversary date is Jan. 1, 2014,” he said. “They get a longevity check on Dec. 15 for 29 years of service. They get $2,900. Then, they turn around on Jan. 1 the following year and retire. The way I read this, they will get a check for $3,000 on Jan. 1.”
The lengthy back-and-forth discussion continued until time ran out. With no decision reached, the measure will be heard by the full board during its next regular session.


Marcus McConnell loves empowering others to achieve financial success as the Founder and CEO of Limitless Trading & Consulting and Limitless Trading Academy. His dedication lies in educating people, especially those from underrepresented backgrounds, in the art of consistently profitable trading and investing in the stock market and cryptocurrency. Notably, Marcus is not just a leader but an active practitioner in these fields, trading stocks, options, and cryptocurrencies. His mission is to equip students with the knowledge and skills necessary to reach their income goals, whether they seek supplemental or full-time earnings.
Marcus generously shares his expertise through free webinars and a diverse range of in-person courses. These offerings cover topics including Introduction to Trade Like the Pros, Master Trading Class, Options Flow, Introduction to Cryptocurrency, a weekly Stock and Options Study Group, and a new Financial Foundation course. Beyond his role as an educator, Marcus is a charismatic public speaker who has been featured at prominent events and organizations, including Constellation Energy, Allstate, Vonage, Power 52, ITSMF’s Executive Academies and Symposium 2022, the Black Wealth Summit, and Real Talk with Dr. David Anderson. His mission is to make finance accessible and profitable for everyone, evident in his dynamic speaking engagements and educational programs.
Before transitioning to full-time trading, Marcus held the position of Vice President of Technology at Nielsen, a global data analytics leader. During his 17-year tenure, he led various significant technical divisions, including Digital, Brand Effects, Advertising Intelligence, and Entertainment Portfolios. Marcus actively contributed to diversity initiatives, serving on Nielsen's executive Diversity Council and mentoring through Nielsen's Diversity Leadership Network Academy. He also serves on the Board of Directors for Gracism Global, a non-profit promoting diversity and healing divisions. Marcus continues to engage in the technology field and supports charitable initiatives, showcasing his commitment to excellence and community impact beyond trading.
Areas of Focus: Advanced Option Strategies and methodologies for both swing and day trading / Technique incorporation such as debit/credit spreads, diagonals & calendar / Option flow whilst leveraging Artificial Intelligence to enhance trading precision


Starting January 1st, 2023, The Irrigation Specialist is now a fully incorporated company. My OFFICIAL company name is 2471163 Alberta Ltd. However I am still operating as The Irrigation Specialist!
I have upgraded my accounting software to QuickBooks Online. What this means is that my customers will be able to pay their invoices immediately at the click of a button through the emailed invoices they receive. No need to send me a check!
Alternatively, customers can e-transfer me payment. My email for payments has changed to email@example.com.
If you have any questions, please do not hesitate to call me anytime!


Rebekah Chase is Small Business Majority's Controller. She maintains the organization’s accounting systems, prepares financial reports and assists in budget development. She also works with the Grants department to prepare, review and report on grant contracts.
Rebekah has more than a decade of experience in the non-profit, private and public sectors that includes fiscal planning, auditing and administering employee benefit programs. Before joining Small Business Majority more than five years ago, she was the Director of Accounting for a school district in California where she oversaw budget development, accounts payable/receiveable and other business operations. Rebekah began her career doing bookkeeping and auditing at a small business.
Rebekah recently successfully completed her Certified Nonprofit Accounting Professional (CNAP) Advanced instruction program through The Nonprofit CPA’s Alliance.
Use this form to contact Rebekah:


Political uncertainty. Trade tensions. Cyber. And Innovation. These are just some of the significant geopolitical factors currently shaping the global economy. Coupled with rapid advances in technology, business model disruption, and heightened expectations of investors and other stakeholders—organizations are being challenged to constantly manage risks while still innovating and capitalizing on new opportunities and executing strategy.
Join this webcast during the 17th annual Global Energy Conference to listen to KPMG’s chief economist Constance Hunter and Eurasia Group’s Robert “RJ” Johnson will discuss their specific observations on the economy and geopolitics and host a panel of energy industry leaders who will explore the disruptors at play and how they may impact the corporate landscape.


AMERICAN LENDING – LOAN PROGRAM – A High-Balance Mortgage Loan is defined as a conventional mortgage where the original loan amount exceeds the conforming loan limits published yearly by the Federal Housing Finance Agency (FHFA), but does not exceed the loan limit for the high-cost area in which the mortgaged property is located, as specified by the FHFA.
Conventional mortgage or FHA? Which is cheaper? – Now that new mortgage rules are in place, consumers have options. Some conventional loans are requiring as little as 3% down, but also requiring the borrower to take out PMI. The premium. mortgage.
Fha Refinance Mortgage Insurance Who Qualifies For Fha Loan Program FHA Home Purchase Loans – FHA-Info.com – FHA home loan is the easiest of mortgage program to qualify for. The qualification requirements for a 203(b) loan can be found on this site . Section 203(h) – Commonly known as the Disaster Victims Loan Program because the program insures home loans originated by lenders to victims of a major disaster.Insurance premiums on FHA-backed loans increased to 1.35% from 2010 to 2015. as difficult as the Trump administration would be accused on day 1 of raising mortgage costs for average Americans if it.
2019 What you Need to Know about FHA Upfront Mortgage. – The FHA upfront mortgage insurance that you pay is different than the annual mortgage insurance you will pay for the life of the FHA loan. The annual premium is similar to PMI on a conventional loan – you pay it on a monthly basis with your mortgage payment.
30 Year Fixed Fha Loan A 30-Year Fixed FHA loan of $300,000 at 3.38% APR with a $75,000 down payment will have a monthly payment of $1,326. A 30-Year Fixed Conventional loan of $300,000 at 4.14% APR with a $75,000 down payment will have a monthly payment of $1,457. All monthly payments displayed assume a maximum Loan.Apply For Fha Requirements For A Fha Loan fha loan requirements for 2019 – NerdWallet – FHA loan requirements are published in a handbook more than 1,000 pages long. You would need to drink at least a 20-ounce cup of coffee with a turbo shot just to stay awake through the first 20 pages.FHA Loan Basics – The Balance – FHA Loan Basics Pros and Cons of Borrowing With FHA Financing . Share Flip Pin. An FHA loan is a home loan that the U.S. Federal Housing administration (fha) guarantees. Private lenders like banks and credit unions issue the loans, and the FHA provides backing: If you don’t repay your loan.
FHA borrowers have to pay two types of mortgage insurance premiums: annual and upfront. The upfront mortgage insurance premium is charged when you first get your mortgage, and the annual premium is an ongoing obligation you pay every year. Paying for FHA mortgage insurance. The upfront mortgage insurance premium costs 1.75% of your loan amount.
UFMIP and MI – A Simple Definition: UFMIP stands for Up Front Mortgage Insurance Premium and anyone who takes out an FHA loan is required to pay the premium. This lump sum is allowed to be financed into the loan, so you don’t have to actually write a check for it at closing – but make no.
There are two kinds of premium mortgage insurance you will be required to pay when using an FHA-insured mortgage. Upfront mortgage insurance, and annual mortgage insurance. upfront FHA Mortgage Insurance. Upfront mortgage insurance premium is collected at the time you close or rolled into your loan amount.
Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment.
FHA Mortgage Insurance Premium Refund Fast Facts. Here’s a few good things to know about FHA MIP refunds: When doing an FHA to FHA refinance, your refund will be applied to the upfront mortgage insurance premium on the new loan. MIP refunds are available for an FHA streamline refinance after the 7-month waiting period required for these loans.
Fha Approved Single Family Homes About the FHA Connection – 2010-10-14 · The FHA Connection provides FHA-approved lenders and business partners with. It is primarily used by FHA-approved lenders for originating and servicing fha-insured single family home mortgages and updating their lender.


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|The Pulse (07-08-15)|
The Pulse (07-08-2015)
July 8, 2015 ● Volume 04, Issue 27
Credit Union News
Several months ago the Credit Union National Association (CUNA) commissioned a study by Cornerstone Advisors to enumerate the growing costs imposed on credit unions by regulations. The goal of the study is to develop a comprehensive and rigorous estimate of the total costs of regulatory burden. CUNA and the Minnesota Credit Union Network will then use that information to advocate on your behalf before state and federal legislatures and regulators to reduce regulatory burden. CUNA and MnCUN believe this first-ever complete and rigorous catalogue of regulatory costs will be a vital tool in rolling back regulatory burden. The first phase of the study, a deep dive analysis of three credit unions of different sizes, is now complete, and credit unions are invited to participate in Phase II.
For Phase II a comprehensive survey has been developed based on what was learned in the first phase. The survey will gather information about increased expenses, lost revenue, and lost productivity across all areas of the credit union. It is intended to provide the detailed information and analytical rigor to make a compelling case to regulators and lawmakers. As a result, CUNA will be asking participants to invest as much as two business days to gather data to complete the survey.
“We recognize this will require quite a bit more time than a normal survey would,” said Credit Union National Association President and CEO Jim Nussle “We believe your participation will provide a significant long-term benefit to your credit union, your members, and the broader credit union system.”
CUNA will provide significant support, and some extra benefits to credit unions participating in the survey. There will be a pre-survey webinar during which Cornerstone Advisors staff will describe the data gathering process and answer your questions, before credit unions commit to the project. Then, participating credit unions will receive a complete set of instructions on data collection, and will have access to telephone support from Cornerstone Advisors while filling out the questionnaire. In addition, after the survey data has been compiled, participants will receive a custom regulatory burden scorecard that compares your financial impacts to those of other volunteers within the same asset range. Moreover, Cornerstone Advisors will host an exclusive free webinar for survey participants to review survey findings and to discuss how high performers are handling the regulatory burden (i.e., best practices, etc.).
Credit unions interested in more information should contact CUNA by email. A follow-up email will be sent with information about the introductory webinar which will be held next Wednesday, July 15. With questions, please contact CUNA’s Chief Economist Bill Hampel by email.
Credit unions work hard every day to offer unique projects, products and services that benefit their members and their communities. To honor these distinctions, the Minnesota Credit Union Network and CUNA are proud to sponsor this year's annual Dora Maxwell, Louise Herring and Desjardins awards programs to recognize credit unions that are improving lives and communities. Entries must be submitted online no later than Friday, July 24.
Below is a brief overview of each awards program:
Dora Maxwell Social Responsibility Community Service Award
Louise Herring Award for Philosophy-in-Action Member Service Award
Desjardins Youth Financial Education Award
Desjardins Adult Financial Education Award
To submit an entry, visit the National Awards Programs page of the Network website. There, you will find links to individual awards program pages that include helpful information such as eligible activities, entry forms and more.
Credit unions are encouraged to enter in one or all of the national awards programs. Winning submissions will advance to the national competition for judging this fall. With questions about the Dora Maxwell Award program, please contact MnCUN Director of Communications Connie Kuhn by email or at (651) 288-5527.
Credit unions and service providers – now is your last chance to register for the second annual Financial Literacy 5K, a walk/run and kids run set for this Saturday, July 11, at Lake Normandale in Bloomington. In addition, any credit union, school or organization that registers five or more Financial Literacy 5K participants will automatically be “in the running” for the team award. Participants’ times will be aggregated and averaged to determine the best team time.
The Financial Literacy 5K is being hosted by the Minnesota Credit Union Foundation. With a strong commitment to financial education, the Foundation is an organization dedicated to providing the resources for credit unions and communities to prosper and thrive. In 2013, the Foundation launched its Financial Education Grant Program and an ongoing budgetary commitment to financial education. The Foundation dedicates 50 percent of its annual budget to Financial Education Grants that positively impact credit union members and communities.
The 2015 Financial Literacy 5K is powered by soleMOTION Race Management and is sponsored by Co-Op Shared Branching, Eckberg Lammers, TC Running, TruStage (a division of CUNA Mutual Group) and Wipfili.
Registration is open to:
For additional details about the Financial Literacy 5K, visit the MnCUF website.
Do you know any credit union professionals in your state who demonstrate excellence in their field and embody the spirit of "people helping people?" Credit Union Magazine is looking for Credit Union Rock Stars—talented, creative, passionate individuals who raise the bar on innovation and service excellence. The magazine will feature the winners in a special issue this fall, sharing their achievements with readers nationwide.
Don't miss this chance to give an outstanding credit union professional well-deserved recognition—submit your nomination by July 15.
Credit unions across the country partner with schools and community groups to teach personal finance to America’s youth. As part of the nationwide effort to promote and quantify financial education efforts, credit unions are encouraged to notify the National Youth Involvement Board (NYIB) of their classroom presentations made throughout the year. The deadline to report presentations conducted between July 1, 2014 and June 30, 2015 is Wednesday, July 8.
Reporting financial education presentations is beneficial to the Minnesota Credit Union Foundation Foundation, the Minnesota Credit Union Network, Credit Union National Association, and NYIB in providing information to state and federal elected officials. This quantitative data helps illustrate to lawmakers the credit union difference. Plus, in this day and age of bank attacks, credit unions need to showcase the activities that they do to improve their communities.
It is vital for credit unions to document and report such efforts! The information you submit is used to demonstrate how credit unions make a difference in the lives of young people and, at the same time, helps protect the unique status of credit unions as not-for-profit financial cooperatives.
Reporting your information helps NYIB recognize you, your credit union and the state. In addition, your educational efforts contribute to the decline in bankruptcies, benefiting consumers, credit unions and the economy.
Any credit union employee or volunteer who makes a presentation to groups of students or youth audiences age 22 and younger can report it. Presentations can be conducted in a broad range of educational settings, including a traditional classroom, Scout troop meeting, church group, community group, and others.
Acceptable presentations can be conducted on these and other consumer and financial related topics:
To report presentations, visit NYIB online. Additional information available on the reporting FAQ document. With questions or for assistance in reporting appropriate presentations, contact NYIB North Central Regional Coordinator.
Credit union organizations have until July 15 to apply for a Experiential Learning Grant from the National Credit Union Foundation (the Foundation). Funded credit union organizations will be granted $10,000 or more as part of this effort.
The full call for proposals and grant application can be found online.
What the Grants Fund
The following experiential learning programs are ones that the Foundation has had experience with and are favored:
Eligible applicants include credit unions, CUSOs, state credit union associations, state credit union foundations, any other organization owned or controlled by credit unions and other nonprofits.
Applications will be reviewed by the Foundations’ Grant Committee from July 15 – Sept. 1, 2015, and grant contracts will be signed and disbursed to successful applicants on or around Oct. 1. The grant timeline will be for 12 months beginning from the date of the contract.
Questions about experiential learning programs or the grant process can be directed to Lois Kitsch by email or by phone at (407) 616-2409.
Credit Unions in the News
Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Connie Kuhn.


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Niagara Gazette — He described the council majority’s view as “disappointing and “very, very frustrating,” noting that his foundation has provided upwards of $10 million in financial help to various local organizations, including Niagara Falls Memorial Medical Center and Children and Family Services on Main Street.
“I see the effects of making these Draconian cuts down to the bone on organizations that are the lifeblood of the community,” Gioia said.
Anderson said the city simply can’t afford the NACC, especially when extreme financial hardships are being experienced at the local, state and federal levels. He suggested without cutting costs, the city of Niagara Falls will find itself in an even worse position in 2014.
“We are trying to survive and keep this city alive,” he said.
Fruscione questioned the city’s ability to stay afloat as well, noting that it has significant debt payments ahead this year, including several million dollars owed on the debt service for the construction of the public safety complex on Main Street. Failing to live up to the city’s debt obligations could lead to dire consequences, including possibly a control board for the city, Fruscione said.
“We’ll be the ones who are responsible at the end of the day, not yourself, Mr. Gioia, with all due respect,” he said.
Council members Charles Walker and Kristen Grandinetti thanked Gioia for the foundation’s offer and its support for various city organizations throughout the years.
“I’m sorry that things are going in the direction that they are because in this community the NACC is such a valuable resource to so many people,” Grandinetti said.
Both Walker and Grandinetti felt it would be a mistake for the city to pass on the foundation’s offer. Walker said he viewed it as an opportunity for the city to save $15,000 while continuing to support an institution that clearly has plenty of support from residents.


Exactly Exactly What Credit History Should You Purchase a Semi Truck?
Your credit rating makes a difference that is significant you purchase a semi truck of your. Good spot to begin is by using a credit history of at the very least 600, without any repossessions on the record. Virtually every lender will appear at your record to see although it will depend on the individual lender whether you can still get financing with either of these on your record if you’ve had a repossession or bankruptcy in the past.
In the event that you’ve held it’s place in company at the least 2 yrs, haven’t any repossessions, and a credit rating of 700 or higher, you’re in a great position and might even be capable of getting financing by having a 0% deposit.
Just How Can a Big is bought by me Rig with Bad Credit?
Now if you can still get financing for your truck if you have bad credit that you know the general credit guidelines you need to buy a semi truck, you might be wondering. The solution is the fact that it surely depends upon your loan provider and also other factors that are important. Some loan providers will provide to those with low or bad credit ratings and bankruptcy, but will likely not provide in the event that you have experienced a present repossession or if you are delinquent on any son or daughter help.
As constantly, the place that is best to begin whenever buying or leasing a semi vehicle with bad credit is always to boost your credit rating.
Some basic tips for upping your credit history consist of:
- Paying off bank card restrictions
- Making re payments on time
- Avoiding applications for new bank cards or loans
Additional Options for Buying a Semi Vehicle
There are several resources to make online payday RI use of to allow you to enhance your credit rating and acquire authorized to get or rent a semi vehicle.
In the event that you can’t enhance your rating adequate to get authorized, you might give consideration to several other choices for funding with bad credit including:
- Spending a more substantial advance payment: when you have bad credit, you might be more prone to get authorized to get or rent a semi vehicle if you’re able to place more cash down on your own deposit.
- Offer collateral: offering collateral that is additional allow you to secure financing to get or rent a semi vehicle since there is more safety when it comes to loan provider should you don’t repay your loan.
- Buy straight from a dealer: Some dealers carry unique papers and enable rent to agreements that are own. This can restrict your vehicle buying options they have in stock, but credit history won’t be as big of a factor with dealer financing because you will need to buy a semi truck.
- Get a co-signer: If you’re struggling for funding options whenever buying a semi truck, you could think about having a co-signer with good credit assist you. Loan providers choose co-signers for semi trucks to also provide a CDL and driving experience.
- Lease a semi truck: Semi truck renting or semi vehicle rentals are often less rigorous with credit checks than if you’re buying a semi truck.
You may find it more difficult to buy a semi truck and secure financing because there is no business history to back you if you’re a newer owner-operator. Loan providers want to see reputation for driving and earnings. Doing everything you can to construct credit that is good experience goes a long distance towards establishing you up to achieve your goals once you actually choose to hit down by yourself.
Exactly How Much Does It price to Lease A commercial vehicle?
You might consider leasing a semi truck instead if you’re not in a position to buy a semi truck. There’s two options that are main it comes down to semi vehicle renting: you may either rent straight from the dealer, or lease type a trucking provider. Although leasing a semi vehicle might also need you to secure funding, numerous companies and dealers provide rent to possess programs which make the method easier for those who have bad credit. The cost that is average rent a semi vehicle is between $1,600 to $2,500 every month for brand new vehicles. Used trucks average between $800 to $1,600 each month. Remember that you will probably nevertheless have to pay a advance payment if you’re renting from a dealer. Down re re payments typically operate around $1,000, but don’t forget to aspect in your other costs such as for instance fuel, upkeep, insurance coverage, and repairs you are accountable for addressing.


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The crowdfunding and investment industries are coming together for a series of webinars.
The webinars are covering the emerging global industry of disruptive finance including private securities trading and the change in investing since the JOBS Act, plus exploring and evaluating the ongoing crowdfunding revolution that is going on in the USA and around the world.
The JOBS Act kickstarted the democratization of private securities through investment crowdfunding for many early-stage and high-growth private startup companies, as well as more established private companies that have ambitious goals to expand at scale in the future.
Expansive growth predicted for the industries
The emergence of Regulation CF means that you can fund raise up to $5 million a year while Regulation A+ capital offerings allows private companies to raise up to $75 million a year.
They have accelerated the growth of crowd funding. Investment monitoring platform Pitchbook says that the global CF market grew by 1121% last year, from $8.61bn to $113.52bn.
Forbes reported that the private securities market in 2021 would reach $7tn, and forecasts it to grow to $30 trillion by 2030, in a market that has, in the USA alone, 27m private companies.
Investing in private securities, equity crowdfunding and secondary trading could become the largest investment and trading opportunity transformation of the next few years and beyond.
Some private companies progress from a Regulation CF (crowdfunding) raise to an institutional offering while others prefer to be able to raise $75m a year using Regulation A+.
Regulation D (506c) is available for accredited investors and is being frequently paired with a Reg CF offering. Some crowdfunded firms have become successful publicly traded firms.
Major industry stakeholders give their insights
Andrew Dix, the Chief Executive Officer and Founder of the Crowded Media Group and Publisher of Crowdfund Insider, the organisers of the webinar series offered more insights.
“We are incredibly excited to get started on this webinar series with World Digital Foundation, our fellow enthusiastic and beloved event organisers and investment data specialists.”
“The private securities market is starting to transform and crowdfunding, along with secondary trading of private securities will accelerate that, but as with any emerging market, the importance of strong regulation can help to give more security and trust to the ecosystem.”
The investment and crowdfunding series is gaining attention, with a stellar program and some of the leading figures and companies joining the webinar panel discussions every month.
This broadens the discussion while continuing to educate and inform the financial markets.
Shari Noonan, the CEO and Co-Founder of broker-dealer Rialto Markets, who specialise in private securities, crowdfunding and regulated ATS secondary trading also offered her views.
“This webinar series will be an excellent opportunity for many investors, issuers and industry professionals to learn more about the crowdfunding revolution currently in progress.”
Etan Butler, the Chairman of Dalmore Group is excited about the webinar’s prospects. “We have been raising capital now for many years for high growth private companies.”
“We have experienced a great deal of change in the financial markets ever since the JOBS Act of 2012 and crowdfunding is really opening up, not only in the US but around the world.”
“Dalmore has successfully onboarded nearly 200 Reg A+ issuers, and we pride ourselves on leading the way for primary issuance and secondary market trading of private securities.”
“We are very delighted to support this timely investment and crowdfunding webinar series.”
Nirvana Patel, the Chief Compliance Officer of Prime Trust also appreciated the webinars.
“As an infrastructure provider, we help companies raise capital by bringing together diverse participants in the crowdfunding industry. We are excited to be part of a forum that brings those same participants together to share knowledge and drive the industry forward.”
Paul Stannard, the Chairman of World Digital Foundation, who are the event organisers for this webinar series with Crowdfund Insider expressed his excitement and approval of the series.
“We are extremely pleased to be working with Crowdfund Insider as it has a great reputation in the sector and our team have been organising these types of events for many years.”
“Our data division is able to add a huge amount of additional audience reach through its investor community, made up of Reg CF, Reg A+ and Reg D investors, as well as family offices and other accredited investors, who will be invited to join the program of monthly events.”


The price of Bitcoin has dropped substantially over the last month, with South African cryptocurrency exchanges registering a 20% overall decline for the period.
At the time of writing, the price of Bitcoin is at R133,196 – far lower than the R168,152 it was worth on 3 September 2019.
VALR co-founder Farzam Ehsani said that volatility is a part of the cryptocurrency market, with Bitcoin still being subject to large value swings.
“The price of Bitcoin is subject to the raw forces of supply and demand in a relatively illiquid market compared to international foreign exchange markets,” Ehsani said.
“The combination of having no broad consensus on Bitcoin valuation and the relative thin liquidity of its trading can result in very large price swings.”
Luno Africa general manager Marius Reitz said that volatility is normal in the price of Bitcoin, although this drop could be attributed to several reasons.
“Bitcoin and other cryptocurrencies have great potential to be effective tools for storing, maintaining and exchanging value – this hasn’t changed,” Reitz said.
“In fact, people in South Africa are buying cryptocurrency for the first time every day despite the drop in prices.”
According to local exchanges, there were four main reasons affecting the price of Bitcoin which caused it to drop by 20% over a month:
Reitz said that short-term traders still comprised the bulk of trade volumes across all major cryptocurrencies.
These traders try to capitalise on price fluctuations to make quick returns on their trades, and they have even been known to collude in an attempt to manipulate the prices of smaller cryptocurrencies on various exchanges.
“The crypto price is still dominated by short term traders with most price action being driven by short term technical analysis,” Reitz said.
Long-term investors also comprise a fair amount of Bitcoin owners, but these users are less likely to buy and sell frequently and would be more prone to riding out big movements or selling their investment for good.
“It is important to note that this volatility isn’t always to the downside and we have seen several cases of large increases in the 24hour price movement,” Ehsani said.
“The main reason for the drop in Bitcoin’s price has been the negative sentiment across all markets caused by the global geopolitical news flow,” Reitz said.
He explained that this sentiment has impacted all asset classes and has happened at a time of low liquidity which has led to volatility.
“When there is more liquidity and markets become more risk-averse; there is still money going into safe-haven assets like gold and yen. Many of these investors have placed a small amount into Bitcoin as a hedge.”
“However, even safe havens are struggling to find buyers,” Reitz added. “Bitcoin slumped last month and gold has also dropped in the last 30 days.”
“Several large cryptocurrency trading platforms also offer leveraged trading and when a sudden sell-off occurs, this can be exacerbated by long positions being closed out and further fueling the price decline,” Ehsani told MyBroadband.
Reitz said another factor which has affected the price of Bitcoin is the impact of a recently-launched exchange for trading Bitcoin futures.
“Bakkt, a long-awaited platform for trading Bitcoin futures, opened on 22 September amid hopes the exchange would attract more buyers to cryptocurrencies, with some anticipating an institution-led bull run,” Reitz said.
“Bakkt volumes have been lower than anticipated and the sharp decline in crypto prices has been linked to this disappointing start.”
Ehsani also stated that the launch of Bakkt might have affected the price of the cryptocurrency.
“The most recent decline in price may be related to the launch of Bakkt, a Bitcoin futures platform owned by Intercontinental Exchange which owns the New York Stock Exchange,” he said.
“The volumes on the launch of Bakkt were not as high as many anticipated which may have spooked the market, causing a steep sell-off.”
Lastly, Reitz explained that new asset classes can be more volatile than established assets.
“New asset classes can be more volatile – Cryptocurrencies are a new asset class, so there will always be a higher level of volatility compared with traditional trading,” he said.
“However, as the benefits of cryptocurrencies become clear, more people and businesses will hold the coins for their utility value, which will reduce speculation and limit volatility.”
He said that the improved adoption, functionality, and regulation of cryptocurrencies like Bitcoin would likely serve to stabilise the price of the cryptocurrency.
“As regulation is introduced and the functionality of cryptocurrencies increases, the true price will become more consistent,” Reitz said.
“I expect the volatility in the bitcoin and cryptocurrency markets to remain for a long time to come. Bitcoin remains a nascent asset and continues to divide even the most erudite of our society,” Ehsani said.
“Until Bitcoin becomes a more common and known asset to the everyday person, we should expect tremendous volatility to continue in the future.”


Shopping for home insurance in Lynwood, CA doesn’t have to be difficult. Simply enter your Zip Code at the top of this page and you will be presented with the list of the top recommended insurance companies in your area. Compare quotes from these carriers and you will be on your way to saving on your homeowners coverage premium.
When it comes to homeowner’s insurance in Lynwood, CA, there are quite a few different factors that can affect how much you have to pay. Understanding what these factors are can give you a better idea of how California insurance companies come up with the quotes that they give you.One factor that affects homeowner’s insurance quotes is the area where you live. For instance, some parts of the country are particularly prone to severe storms and other potentially dangerous situations. In these areas, you may have to pay more for homeowner’s insurance than you would in an area of the country that was less risky.
The same holds true for areas that have particularly high crime rates. If you live in an area where there are a lot of robberies or break-ins, you may have to pay more for your insurance than someone who lives in an area that has a lower crime rate.
The overall value of your home also comes into play when figuring out how much you will have to pay for homeowner’s insurance. Generally, the more valuable your home, the more money you will have to pay to insure it. This is because expensive homes cost more to repair or replace than lower cost homes.
The deductible that you choose for your policy will also affect your rate. A policy with a higher deductible will generally cost less than one with a low deductible. Although the thought of a lower monthly payment may be appealing, make sure that you have the money on hand to meet your deductible in case anything goes wrong. Otherwise, you could be left in a bind with no way to repair your home.Interestingly, the distance of your home from the nearest fire hydrant can also come into play when determining how much you have to pay for insurance. Insurers tend to prefer homes that have a fire hydrant nearby. This helps ensure that first responders can act quickly in the event of a fire, helping to minimize damage as much as possible.
All of these factors come into play when getting Lynwood, CA homeowner’s insurance quotes. If you want to keep your costs as low as possible, consider choosing a policy with less coverage or with a higher deductible. Just make sure that you fully understand how these decisions will affect you if you ever need to file a claim. You may find it more beneficial to go for a policy that offers more coverage or a lower deductible so that you don’t have to come up with a lot of money on your own if something does eventually happen to your home.
To get the best savings on your Lynwood, California coverage for your home, make sure to use our comparison tool. Enter your Zip Code below and get the list of the best California insurers.
More Info and Tips for Lynwood, California
If you are experience a bit nervous about acquiring a home owner's insurance coverage plan, you aren't by yourself. There are hundreds of thousands of other house proprietors out there that come to feel just like you as this is really critical protection that is required to shield your property and house from loss. Make certain you are beginning with guidelines like these prior to you start off buying.
Never just believe about purchasing insurance policy for your residence go in advance and do it! If you do not have homeowner's insurance coverage, you will be out of luck if you are robbed, all-natural disaster strikes or your house burns down. With a house loan, you are a lot more than very likely required to have homeowner's insurance coverage.
If you are battling to make the month to month payments on your homeowner's insurance, considering elevating your deductible. Just like with wellness or car insurance policy, having a greater deductible means reduced threat to the insurance company and reduced monthly charges. Nevertheless, this need to only be employed with homes that are not most likely to undergo tiny upkeep issues, as the homeowner finishes up with people costs.
You can preserve 1000's of dollars and a long time of payments by creating your mortgage loan payment on a bi-weekly foundation, instead of monthly. Question your mortgage loan holder about environment you up on this payment program. Given that there are fifty two months in a calendar year, you will stop up producing an added couple of payments without breaking the financial institution or your price range.
To reduced your homeowners insurance, you should have a protection method installed. A protection method need to be linked to central station or a law enforcement station. To have your insurance priced decreased, you will, most very likely, have to offer proof that your method is up and running. This could reduced your once-a-year high quality by 5 per cent.
Decide on a plan that includes "assured substitution benefit". You never want to end up in a trailer instead of a residence comparable to the one you have been paying out for, for several years. It will cover the charges associated with getting a house that is like the preceding a single in the celebration it is destroyed.
A increased deductible on your homeowner's insurance can conserve you cash on rates. Whilst a greater deductible may imply that you will be dependable for tiny restore expenses this sort of as damaged windows, a lot more frequently than not these charges are well balanced out by the personal savings you will get on your once-a-year premiums.
A larger deductible on your homeowner's insurance policies can help save you cash on rates. Even though a greater deductible may possibly mean that you will be liable for tiny restore costs this kind of as broken windows, more often than not these fees are balanced out by the savings you will obtain on your yearly premiums.
It is cheaper to get and hold homeowner's insurance coverage if you do not have damage vulnerable devices. Insurance policy organizations see swimming pools, trampolines, and other similar objects to be a higher danger for harm and will for that reason increase the amount of your high quality. Although having a pool may be enjoyable, getting rid of it will preserve you funds!
You may be tempted to decide on the most low-cost strategy. This is probably a blunder. As you look for to update a coverage or purchase a single for the initial time, these tips need to be really helpful. Do not skimp on the protection for your property.


Little Nicky replied to an article on Tim Worstall’s blog in which Tim took to task Polly Toynbee the wide eyed innocent who fancies herself as a sharp political commentator despite living in a solipsistc, Labour supporting cloud cuckoo land. Polly had said:
Tucked away in last month?s Low Pay Commission report is research by the Institute for Fiscal Studies, estimating that for every 10% the minimum wage rises, the state saves between £560m and £680m in credits and benefits. With the minimum at a puny £5.91, the taxpayer is subsidising employers such as those signatories to pay people non-survivable wages.
Tim, like the conscientious blogger he is patiently explained to the still wet behind the ears despite being in her sixties senior bleeding heart and hand wringer for The Guardian that wages can only be set by market forces. Impose a minium wage on employers and they will cut jobs; make up wages from public funds through tax credits etc. and the more unscrupulous employers will use government subsidy as a way of cutting wages.
Read Tim’s full article here: Actually It’s a moral issue Polly
The Daily Stirrers busiest writer added a bit of history to Tim’s well reasoned comments to show there was nothing new in “New” Labour’s thinking and the imposition of a minimum wage always has the same result.
The Minimum Wage Problem


The Department for Work and Pensions has launched a consultation paper seeking comment on whether the National Employment Savings Trust should better reflect changes to the U.K. retirement market.
A number of changes have been introduced in the U.K. over recent years, including the introduction of so-called pension freedoms in April 2015. U.K. participants no longer need to purchase an annuity to provide income in retirement, and can instead choose to access their savings in different ways — subject to certain taxes — such as taking the whole amount as a lump sum, taking a number of lump sums or purchasing an annuity. A new state pension has also been introduced.
Changes may include providing new ways for participants to access their savings, and expanding the plan to enable individuals, employers and other pension plans to access NEST’s services, said the DWP in a statement accompanying the paper.
NEST-related legislation had already been amended, in 2015, to remove an annual contribution limit and restrictions on transfers in and out of the plan, effective in April 2017.
“As automatic enrollment starts to bed in, now is the right time to begin a discussion about what the next steps are in NEST’s evolution,” the paper said. “This call for evidence asks how it might adapt to meet the challenges and expectations of its members in the 21st century.”
The paper is split into chapters. The first sets out the background of NEST’s policy framework, its current situation and a series of principles that must be considered in weighing proposals for change to its framework. The second explores how the retirement market has changed over the last decade, including the shift toward large, multiple employer defined contribution plans, regulatory changes and pension freedom reforms. Chapter three is a call for evidence and views on a range of areas where the government might consider changing NEST’s framework, such as allowing NEST to provide decumulation services for participants, and whether the opportunities for individuals, employers and other plans to access NEST’s services should be expanded. The final chapter summarizes the paper and sets out the process and procedures for the consultation.
NEST was set up in 2010 ahead of an October 2012 move to automatically enroll all employees into workplace retirement plans. The consultation paper is open to the industry and public for comment, and will run for 12 weeks until Sept. 28. A summary of views and evidence will be published, and the DWP will publish its response within three months of the end of the comment period.
The paper is available on the government’s website.