Finance debt – Windge Fluester http://windgefluester.net/ Thu, 27 May 2021 22:22:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://windgefluester.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Finance debt – Windge Fluester http://windgefluester.net/ 32 32 Air Force says facts, not politics, favored Alabama in Space Command HQ decision https://windgefluester.net/air-force-says-facts-not-politics-favored-alabama-in-space-command-hq-decision/ https://windgefluester.net/air-force-says-facts-not-politics-favored-alabama-in-space-command-hq-decision/#respond Wed, 07 Apr 2021 23:16:11 +0000 https://windgefluester.net/air-force-says-facts-not-politics-favored-alabama-in-space-command-hq-decision/ The Air Force continues to defend its decision to locate US Space Command headquarters in Huntsville, Alabama, citing a list of government offices and organizations that gave their opinion before the decision. Leaders in Colorado, one of the competing finalist states and home to the Provisional Command headquarters, complain that politics motivated the decision to […]]]>


The Air Force continues to defend its decision to locate US Space Command headquarters in Huntsville, Alabama, citing a list of government offices and organizations that gave their opinion before the decision.

Leaders in Colorado, one of the competing finalist states and home to the Provisional Command headquarters, complain that politics motivated the decision to move command south.

This decision announced this month is not final pending an environmental impact study. The final decision is expected in spring 2023.

Colorado critics say former President Donald Trump stepped in to choose Alabama to reward Sen. Tommy Tuberville, one of eight Republican senators who challenged portions of the Electoral College certification in Congress.

But in response to questions from AL.com this week, the Air Force said, “The Secretary of the Air Force has carefully reviewed all of the contributions, comments, staff analysis, the best military advice, changes in the strategic environment and the most important evaluation criteria. .

“Given the complexity and importance of this decision,” said the Air Force press office, “it also received comments from the National Command Authority, from the oversight committees. defense, senior commanders and functional staff experts before making a decision on the preferred location.

After considering all of this, the Air Force said Secretary Barbara Barrett chose Huntsville.

The National Command Authority included Trump, former Vice President Mike Pence, Acting Defense Secretary Christopher Miller, and the Joint Chiefs of Staff. But it’s unclear who in that group gave Barrett comments or what those comments may have been.

The Air Force said this week that Alabama was chosen “based on factors related to the mission, infrastructure capacity, community support and cost to the Department of Defense.” Huntsville compared favorable to more of these factors than any other community … “He cited” a large and skilled labor force in the area, superior infrastructure capacity, and low initial and recurring costs. “

When asked about city and state incentives, the Air Force said it “would defer to the local Huntsville community for any information relating to its self-nomination file.”

Mayor Tommy Battle said the city will speed up some major road projects to accommodate the order, including the completion of the Martin Luther King Jr. Drive north bypass at Memorial Parkway. This completed highway will expand and facilitate traffic in the arsenal of northern Madison County and southern Tennessee. The state of Alabama also offers incentives.

“We are working on the details to finalize and secure an agreement with local stakeholders so I am not yet able to provide financial support values ​​for US Space Command to locate in Huntsville, AL on Redstone Arsenal” Alabama Secretary of Commerce Greg Canfield said. this week. “The State of Alabama will provide support for new housing and labor recruitment.”

Redstone Arsenal is a 38,000-acre base led by Four-Star General Edward Daly, Commander of the US Army Materiel Command. It has 40,000 employees in 78 federal organizations, including NASA’s Marshall Space Flight Center, Army Aviation and Missile Command, US Missile Defense Agency, Defense Intelligence Agency / Missile and Space Intelligence Center, Army Space and Missile Defense. Command and the Army Combat Capabilities Development. Command the air force and the missile center.

Also in the space arena, Lockheed Martin announced last year that it would build a facility to test and manufacture hypersonic weapons in Courtland, Ala. Hypersonics are a new frontier in combat with faster-than-sound missiles.

And the FBI also recently selected Redstone for a major expansion outside of Washington, DC.

US Space Command is what the military defines as a Unified Combatant Command, which is a joint military command made up of several military assets involved in space operations. It is often confused with the relatively new US Space Force, which is a military service like the Army, Navy, Air Force, Marines, and Coast Guard. The Space Force “organizes, trains and equips space forces to protect US and allied interests in space and to provide space capabilities to the joint force,” the Air Force said.

Colorado was one of six states vying for the seat of Space Command, including Alabama, Florida, New Mexico, Texas, Colorado, and Nebraska.

(AL.com journalist Paul Gattis contributed to this report)



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IMF chief calls for expanded definition of “ vulnerable ” https://windgefluester.net/imf-chief-calls-for-expanded-definition-of-vulnerable/ https://windgefluester.net/imf-chief-calls-for-expanded-definition-of-vulnerable/#respond Wed, 07 Apr 2021 23:15:54 +0000 https://windgefluester.net/imf-chief-calls-for-expanded-definition-of-vulnerable/ By Andrea Shalal WASHINGTON, April 7 (Reuters) – The director of the International Monetary Fund said on Wednesday she would discuss with IMF members their intention to offer low-interest or interest-free financing to hard-hit middle-income countries by the pandemic, and not just to the poorest. countries. Managing Director Kristalina Georgieva expressed concern about tourism-dependent countries […]]]>


By Andrea Shalal

WASHINGTON, April 7 (Reuters) – The director of the International Monetary Fund said on Wednesday she would discuss with IMF members their intention to offer low-interest or interest-free financing to hard-hit middle-income countries by the pandemic, and not just to the poorest. countries.

Managing Director Kristalina Georgieva expressed concern about tourism-dependent countries and other middle-income countries that had weaker fundamentals and high debt levels, even before the pandemic, and generally supported adoption a broader definition of what makes a country “vulnerable”.

The IMF’s Poverty Reduction and Growth Trust Fund can currently only lend to the poorest countries, which limits the ability of higher-income developing countries to obtain low- or zero-interest loans in the country. IMF.

The United Nations and other agencies have urged the Group of 20 Major Economies to extend the freeze on official bilateral debt payments and a new common framework for dealing with debt to those countries, many of which have been hit hard by the pandemic and its economy. Fall.

G20 finance officials on Wednesday backed a $ 650 billion increase in the IMF’s emergency reserves, or special drawing rights, that richer IMF members can lend to the IMF’s PRGF to help poorer countries. poor.

Georgieva said the IMF expects to complete work on a formal SDR $ 650 billion allocation proposal by mid-June, and is also working on ways for IMF members to lend their reserves. to help poor countries.

She said it was “realistic” that members could access the expanded reserves by mid-August, but declined to estimate how many SDRs would likely be shared by richer countries.

While IMF members can already lend excess SDRs to the IMF’s PRGF facility, there is no formal IMF mechanism in place to facilitate lending to assist middle-income countries.

Georgieva said the issue was raised at Wednesday’s G20 meeting, noting a call from Mexico and Argentina for more debt relief for middle-income countries.

She said there were other ways to support middle-income countries, but that she would discuss with members the possibility of opening up concessional financing terms to them as well.

Georgieva said her personal view was that the international community should broaden its view of “vulnerability” beyond simple income levels to include climate shocks.

“The international community should look at other vulnerabilities, as we think about the appropriate ways to support developing countries, and this discussion will continue quite intensively over the coming months,” he said. she declared.

While Argentina and Mexico have warned of a possible looming debt crisis, the IMF chief said she did not expect a systemic debt crisis at this time, but that the IMF would remain vigilant.

(Reporting by Andrea Shalal; Editing by Chris Reese and Andrea Ricci)

Our standards: Thomson Reuters Trust Principles.



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3, 5 or 10 years: how to decide on the right mortgage term https://windgefluester.net/3-5-or-10-years-how-to-decide-on-the-right-mortgage-term/ https://windgefluester.net/3-5-or-10-years-how-to-decide-on-the-right-mortgage-term/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/3-5-or-10-years-how-to-decide-on-the-right-mortgage-term/ Breadcrumb Links MoneyWise Business Essentials Consider the pros and cons of different loan terms before choosing one Author of the article: Volodymyr Kyrylyuk / Shutterstock Content of the article This article was created by MoneyWise. Postmedia and MoneyWise can earn affiliate commission through links on this page. Finding the lowest mortgage rate isn’t enough to […]]]>


Consider the pros and cons of different loan terms before choosing one

Content of the article

This article was created by MoneyWise. Postmedia and MoneyWise can earn affiliate commission through links on this page.

Finding the lowest mortgage rate isn’t enough to tailor your mortgage to your budget and lifestyle.

The length of your mortgage should be a major concern when comparing lenders and loan products. The length of your mortgage will influence the flexibility you have as a homeowner and the predictability you have in knowing what your mortgage will cost you each month.

Three common loan terms in Canada are three, five, and 10 years – and choosing a term is one of the most important mortgage decisions you’ll make when entering Canada’s hot housing market.

3 year term

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Mortgage terms in Canada can vary from six months to 10 years. While three-year terms aren’t the most common of the bunch, they’re chosen by 20% of borrowers, according to the Canadian Association of Accredited Mortgage Professionals. And, they can offer a range of benefits.

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One of the most attractive aspects of a shorter loan term, such as a three-year term, is flexibility.

While homeowners often have intoxicating fantasies of finding their forever home on the first try, 7 in 10 repeat buyers move out sooner than they think, according to a survey by TD Canada Trust.

“The biggest benefit of a three-year period for the consumer is a shorter time frame in case they don’t know what their long-term strategy is with their mortgage going forward,” says Frances Hinojosa, Managing Partner by Tribe Financial. “It gives them a safety net knowing, at a really good interest rate, that they could take a break from [the three-year] point and reconsider their options. “

Three-year loans usually come with lower interest rates – which sounds great at first, but not so much once you wonder why.

Lenders offer lower rates on short term mortgages in order to balance your risk of facing a higher rate in just three years, at the end of the term.

Three-year fixed mortgage rates have historically been lower than their five- and ten-year counterparts, but from June 2020 to early March of this year, they were on average higher than five-year fixed rates. Make comparisons to find a lender with the best three-year mortgage rates today.

5 year term

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The five-year fixed rate mortgage is the ancestor of mortgages in Canada. This is the product that is pushed the most by the biggest banks and, because of it, it is the loan term that most borrowers gravitate towards.

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You will generally pay a higher interest rate on a five-year term than on a three-year term. It is the compromise of having two more years of stability. The predictability of knowing what your mortgage payment will be for the next 60 months can be quite appealing to homeowners on a budget and may be worth sacrificing a few basis points on your mortgage rate. One basis point is one hundredth of 1 percent.

“It’s a good way to maintain long-term rates,” Hinojosa says.

Your lender will also look for stability when approving your loan. A lender cash – pun intended – by collecting five years of interest from you, so if you break your agreement and pay off your mortgage early, expect to feel pain.

Weigh the risks before signing

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This is one of the biggest risks of accepting a five-year mortgage: if your plans change unexpectedly and you have to sell your house, transfer your mortgage, or break your mortgage contract, you may be forced to pay. a colossal prepayment penalty.

Your penalty will be either three months of interest on the amount you still owe, or what’s called the Interest Rate Differential (IRD), a fairly complex calculation that your lender will base on several interest rates. . Let’s just say that the IRD is usually well over three months’ interest – in the thousands – and lenders almost always ask for the IRD amount.

Homeowner who recently broke a five-year fixed rate mortgage with CIBC had to repay $ 47,000 in prepayment fees. Hinojosa has already encountered a prepayment charge of $ 280,000. This mortgage was in the millions, but the lesson is the same for any loan amount.

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“Know the features, know the cost,” says Hinojosa. “And make sure it’s something that, if you commit for five years at a fixed rate, you stay committed.”

The five-year fixed market is one of the most competitive in the Canadian mortgage market. In early March, several mortgage rate comparison sites reported that the lowest rate for a five-year fixed-rate mortgage had risen by a quarter of 1 percentage point (0.25) to settle. to 1.64%, the first such increase since January of last year.

Since major Canadian banks recently raised their mortgage rates, you might want to move quickly to get an advantageous rate if a five year term is the term you are looking for.

10 year term

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A choice for about 5% of Canadian homeowners, the 10-year mortgage term will not win any popularity contests. But when weighing your options, it’s worth taking a few minutes to make sure you’re getting their full weight.

A 10-year mortgage is a relatively safe choice if you’re unlikely to move or sell for an extended period. The peace of mind that comes from knowing your mortgage payment won’t go up for a full decade is tremendous, and what five- and three-year mortgage holders don’t get. This is why these longer term loans will cost you more in interest.

But 10 years, even for homeowners who have no intention of disrupting their current, comfortable lifestyle, is a long time to expect.

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“Nobody has a crystal ball,” says Hinojosa. “Life is coming, and you never know what’s coming.”

Breaking a 10-year fixed rate mortgage after the first five years will cost you three months of interest, but breaking within the first five could result in a massive prepayment penalty that will eclipse those associated with the five-year terms. years.

“The times I’ve seen clients take 10-year terms, when it made sense, it was investment properties where there was a 10-year option, because then you’re going to have a stability of the cost relative to incoming income for this long-term holding. »Says Hinojosa.

Next steps in your mortgage journey

Once you determine the mortgage term that best meets your financial needs, you will be better prepared to compare what lenders are offering, not only in terms of mortgage rates, but also in terms of additional fees and conditions that will determine the ultimate cost of your mortgage.

“Look for the solutions, not the cost,” advises Hinojosa, “because that’s where you’re going to save the most in the long run.”

When you’ve decided which type of mortgage is best for you, compare the rates and loan offers of several lenders to find the best loan and the lowest mortgage rate.

And the better your credit rating, the better your rate. Anything over 760 is excellent. Today it is easy to check your credit score for free online.

This article was created by Wise Publishing, Inc., which provides clear, reliable information people can use to take control of their finances. Millions of readers across North America have come to rely on the Toronto-based company to help them save money, find the best bank accounts, get the best mortgage rates, and navigate many other financial matters.

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Burns Controlled in Ann Arbor Area Rain Gardens This Spring https://windgefluester.net/burns-controlled-in-ann-arbor-area-rain-gardens-this-spring/ https://windgefluester.net/burns-controlled-in-ann-arbor-area-rain-gardens-this-spring/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/burns-controlled-in-ann-arbor-area-rain-gardens-this-spring/ ANN ARBOR, MI – Controlled burns are planned for the spring at several rain gardens in Ann Arbor. Controlled burns are planned for Miller Avenue between Newport and Maple, Belize Park, Stone School Road between Ellsworth and I-94 and Arbor Oaks Park, according to Washtenaw County officials. A rain garden is a shallow garden of […]]]>


ANN ARBOR, MI – Controlled burns are planned for the spring at several rain gardens in Ann Arbor.

Controlled burns are planned for Miller Avenue between Newport and Maple, Belize Park, Stone School Road between Ellsworth and I-94 and Arbor Oaks Park, according to Washtenaw County officials.

A rain garden is a shallow garden of shrubs and flowers native to the area, designed to collect water and filter it through the soil, which naturally treats the runoff of polluted rainwater.

Controlled burns help reduce invasive species and encourage native plants to thrive.

Another controlled burn is also planned in the rain gardens at the Ann Arbor Wastewater Treatment Plant and in the Arbor Hills Stormwater Pond in Ypsilanti Township.

“Ecologically, it is important to burn these natural areas in order for grassland-like ecosystems to continue to thrive,” officials said.

County officials are unable to give a definitive timeline for when the burns will occur, as they must be done in favorable weather and without high winds that could push the burn out of control.

Burning plans will be developed for each site and a burn permit will be obtained from the fire department.

The Washtenaw County Water Resources Commissioner’s office coordinates with the City of Ann Arbor Parks and Recreation and Utilities Department for controlled burns located in the city.

READ MORE ABOUT ANN ARBOR NEWS:

10,000 gallons of sewage spill on Main Street in Ann Arbor

Teachers in Ann Arbor, parents have a wide range of opinions on the transition to in-person classes

In-person learning at Ann Arbor Public Schools in March



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ICBA and Plumas Bank: community banks build stronger communities https://windgefluester.net/icba-and-plumas-bank-community-banks-build-stronger-communities/ https://windgefluester.net/icba-and-plumas-bank-community-banks-build-stronger-communities/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/icba-and-plumas-bank-community-banks-build-stronger-communities/ “As a local business ourselves, we are invested in building a legacy of prosperity for our customers, while enhancing the communities we all call home. We invite members of our community to explore how we can help them along their financial journey as we work together to help them achieve their personal and business goals, […]]]>


“As a local business ourselves, we are invested in building a legacy of prosperity for our customers, while enhancing the communities we all call home. We invite members of our community to explore how we can help them along their financial journey as we work together to help them achieve their personal and business goals, while maintaining local deposits and stimulating our local community ” , commented Andrew Ryback, President of Plumas Bank and CEO.

Community banks accept local deposits and redistribute them throughout the community – making over 60 percent of small business loans and over 80 percent of agricultural loans. They also contribute taxes that help sustain local municipalities and keep local neighborhoods viable and vibrant, as serving the best interests of their clients is essential to their business philosophy.

Community banks:

  • America’s most trusted lenders, according to a Federal Reserve study, have a net satisfaction score of 73%, compared to 58% for large banks and only 37% for online lenders.
  • Are lenders engaged with a growth in loans that exceeded non-community banks for eight years.
  • Demonstrate safety and soundness with higher capital ratios and better loan quality than the largest institutions.
  • Offer high-tech and high-touch service. This allows consumers to access modern amenities while maintaining the high quality customer service community banks are known for.
  • Have a strong aid history Underserved Americans by concentrating a relatively large part of their resources in low and moderate income sectors.
  • Understand and accept small local businesses. In fact, community banks make over 60% of all small business loans under $ 1 million.
  • Give back to their communities. Civic service is a way of life for community bankers.

“Knowledge of the local market, relationship-oriented loans and civic service are hallmarks of community banking and the cornerstone of the success and longevity of our industry,” said Rebeca Romero Rainey, President and CEO of ICBA. “ICBA is proud to represent community banks across the country and support their efforts to build better communities through a stronger local economy.”

About Plumas Bank

Founded in 1980, Plumas Bank is a full-service, locally owned and managed community bank headquartered in Quincy. The bank’s holding company, Plumas Bancorp, was formed in 2002 and entered the Nasdaq small-cap market in 2005. Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bank operates thirteen branches in Northern California and two branches located in Nevada, one in Reno and the other in Carson City. The bank also operates three loan production offices: two located in Placer and Butte County and one located in Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has been granted Nationwide Preferred Lender status with the United States Small Business Administration. The bank was recently recognized by three prestigious firms: for the third consecutive year, Raymond James and Associates awarded Plumas Bancorp the Community Bankers Cup for operating one of the five best performing banks in the country; for the second year in a row, Piper Sandler named Plumas Bank to its Sm-All Stars class, which identifies the best small-cap banks in the country; and, for the fifth consecutive year, Plumas Bank was named “Super Premier” performing bank by The Findley Reports. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

About ICBA

America’s Independent Community Bankers create and promote an environment in which community banks thrive. ICBA is exclusively dedicated to representing the interests of the community banking sector and its members through effective advocacy, top-notch education, and high quality products and services.

With nearly 50,000 locations nationwide, community banks make up 99% of all banks, employ more than 700,000 Americans, and are the only physical banking presence in one in three counties in the United States. Holding over $ 5 trillion in assets, over $ 4.4 trillion in deposits, and over $ 3.4 trillion in loans to consumers, small businesses, and the farming community, community banks channel deposits locals on main streets and the neighborhoods they serve, driving job creation, fostering innovation, and fueling the dreams of their customers in communities across America. For more information, visit the ICBA website at www.icba.org.



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Massive changes are happening in Springfield https://windgefluester.net/massive-changes-are-happening-in-springfield/ https://windgefluester.net/massive-changes-are-happening-in-springfield/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/massive-changes-are-happening-in-springfield/ Since 2006, federal law has capped the annual interest rates on payday loans granted to active-duty military personnel at 36%. The interest rate cap was broadened in 2015 to include several other types of unsecured personal loans. In Illinois, payday borrowers were subject to average annual interest rates of nearly 300%. Illinois lawmakers attempted to […]]]>


Since 2006, federal law has capped the annual interest rates on payday loans granted to active-duty military personnel at 36%. The interest rate cap was broadened in 2015 to include several other types of unsecured personal loans.

In Illinois, payday borrowers were subject to average annual interest rates of nearly 300%.

Illinois lawmakers attempted to tackle this problem in 2005 and passed a rate cap that was widely advertised. But the industry took advantage of a gaping loophole and continued to operate.

This legislation was painstakingly negotiated over many months. Under the former regime of House Speaker Michael Madigan, most interests were given seats at the table and then told to find their best deals. Madigan has often said that he was a big fan of President Franklin Delano Roosevelt’s use of this same method to pass much of his own legislation.

I don’t know about FDR, but MJM also had mouths to feed. The political machine he built (which was copied by other legislative leaders) enabled his most privileged former officials to access contract lobbying jobs, where they continued to run his campaign apparatus and represent a large number of interests under the dome of the Statehouse. .

Hiring one of Madigan’s former employees didn’t necessarily guarantee a victory for a specific industry, mainly because those people represented all sides of almost every room. But it meant they were being listened to. And often the bills couldn’t budge until their concerns were addressed, sometimes leading to very complicated laws that at first glance seemed like victories for Liberal Democrats, but, as with the loan bill on salary, turned out to be paper tigers.

As always, there have been notable exceptions over the years, but this holistic approach began to change after the 2018 governor’s election. A new liberal Democratic governor and empowered lawmakers and progressive interests were no longer content with settle for extra surface earnings and push for big things like a $ 15 minimum wage. For decades Madigan would only agree to small increases in the minimum wage, but soon realized he couldn’t stand in the way of this freight train.

Then, as the Black Legislative Caucus truly united for the first time during the uproar of 2020 and began working on a vast body of reform legislation, Madigan found itself under fire from all corners. Federal prosecutors were clearly following him, and an ever-growing number of his own caucus members were increasingly tired of his leadership and wanted him to leave. He needed allies and he needed them fast.

These two phenomena, combined with a new untested Senate Speaker (due to the pandemic cancellation of the 2020 legislative session), a national mood shift and many other factors, produced an environment that The Black Caucus took full advantage to pass a remarkable number of high-profile criminal justice, education, and economic bills during January’s brief lame duck session.

The days of Madigan’s “everyone at the table” incrementalism ended with progressive bills that were far from watered down. Madigan’s long and successful career also ended in January. His gambit didn’t work.

Last week Governor Pritzker enacted the massive Black Caucus bundle of bills dealing with economic reform. Among them was SB1792, a bill that essentially enforced the military’s simple but apparently effective interest rate cap on payday and other personal loans. The payday loan folks were outraged at how they had been left out of the process and predicted the imminent demise of their industry.

We’ll see if the industry’s terrible predictions turn out to be true, but it’s as clear as day that a massive change is happening, not just in the types of bills that have been passed, but in the way they are passed. were adopted.

The question now is whether the January session was an extremely intense bushfire that will be extinguished and / or extinguished by more moderate Democrats, or whether the path taken by the General Assembly will be maintained.

As an example, Representative Curtis Tarver (D-Chicago) ‘s bill to eliminate qualified immunity for police officers advanced out of committee last week.

The Black Caucus Criminal Justice Reform Bill originally contained this qualified immunity provision, as well as limits on collective bargaining rights for police unions. But their bill was only able to garner enough votes when they agreed to remove those elements at the behest of some moderate Democrats.

Tarver’s bill could put more heat on those same moderates and create tensions within the party. So this bill could be one to watch.

• Rich Miller also publishes Capitol Fax, a daily political bulletin, and CapitolFax.com.



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What is a loan? | Personal finance https://windgefluester.net/top-5-bad-credit-installment-loan/ https://windgefluester.net/top-5-bad-credit-installment-loan/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/what-is-a-loan-personal-finance/ Types of loans In general, a loan may or may not be secured, which means that you may be required to pledge a valuable asset at guarantee the loan. Likewise, loans can be classified as revolving, if funds are accessed on a revolving basis, as needed; or over time, when the loan is disbursed as […]]]>

Types of loans

In general, a loan may or may not be secured, which means that you may be required to pledge a valuable asset at guarantee the loan. Likewise, loans can be classified as revolving, if funds are accessed on a revolving basis, as needed; or over time, when the loan is disbursed as a lump sum and repaid over a specified period of time. Wanna know more about loans? here’s what kind of loans and what are the steps on how to apply a loan.

Secured or unsecured loans

Secured loans are secured by something of value – like a house or a vehicle. If the borrower defaults on the loan, the lender can seize, repossess or otherwise seize the collateral to collect the outstanding loan balance. Since these loans pose less risk to lenders, they are generally characterized by lower interest rates.

Auto loans and home mortgages are common examples of secured loans, but lenders can also make personal loans secured by assets such as a savings account, certificate of deposit, or vehicle.

Unsecured loans, on the other hand, do not require the borrower to pledge any collateral. Here, the lender cannot seize the underlying assets if the borrower defaults. For this reason, interest rates tend to be higher and qualification requirements more stringent. Common examples of unsecured loans include credit cards, student loans and most personal loans.

To obtain a professional credit in order to urgently establish cash, it is generally advisable to turn to your bank. She knows your file and the profile of your company, the steps can be simplified. However, do not limit yourself to this one. Indeed, do not hesitate to approach the competition, you can be satisfied quickly and have everything to gain.

In the case of an urgent need, you will find many banks and multiple financial organizations online, ready to offer you advantageous rates. The ability to search and quote on the internet in just a few clicks saves you time and allows you to quickly learn about the opportunities available to you from different financial providers. You will find that many lending institutions offer you fast credits to meet an urgent need for cash. All you have to do is solicit them and make your choice.

Finally, think about the credit broker! This professional approach the financial organizations for you to get you quickly the best offers available.

Two solutions are generally preferred for professionals who wish to obtain credit quickly to meet an urgent need for cash.

  • The revolving credit: its form adapted to the professionals is ideal to palliate an urgent need. It is suitable for all pros, from the artisan to the trader, through the liberal professionals, micro-entrepreneurs or farmers. It allows you to have money quickly, which is automatically recharged after use. However, be aware that this type of borrowing must be scrupulously managed because it can lead to over-indebtedness. In addition, its rates are particularly high.
  • Consolidation of credits: this solution consists of gathering your other credits in one to reduce the amount of your monthly payments. This gives you a certain amount that you can allocate to your new project and you can borrow the missing amount at the same time to build up your cash flow.

Whichever formula you choose, consider that signing a credit agreement commits you. You must repay the amount due within the allotted time. However, not all professionals think systematically about their long-term debt, which could jeopardize their financial stability.

Make sure credit is needed before you sign, and that you’ll be able to repay it until it expires in several years.

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Year of the Great Deer in Alabama https://windgefluester.net/year-of-the-great-deer-in-alabama/ https://windgefluester.net/year-of-the-great-deer-in-alabama/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/year-of-the-great-deer-in-alabama/ Alabama Wildlife and Freshwater Fisheries (WFF) reports an unusual harvest of large Virginia males at the end of this season on February 10, with real giants appearing on social media and reported in the state’s “Game Check” app , who succeeded hunters are required to report their catches. Chris Cook, the WFF Cerf Program Coordinator, […]]]>


Alabama Wildlife and Freshwater Fisheries (WFF) reports an unusual harvest of large Virginia males at the end of this season on February 10, with real giants appearing on social media and reported in the state’s “Game Check” app , who succeeded hunters are required to report their catches.

Chris Cook, the WFF Cerf Program Coordinator, said many factors are likely involved in increasing the number of harvests as well as the quality of the males harvested. Cook said COVID-19 restrictions played a role in increasing the harvest of all deer. Many people have discovered or rediscovered many outdoor activities, including hunting, as they have had much more free time due to the closure of workplaces and schools, remote working and remoteness social required.

“We saw it during turkey season last year,” Cook said. “More people were hunting because of the working hours.”

As any seasoned hunter knows, spending more time in the woods is often the key to making quality dollars. The use of game cameras to establish movement patterns, more and more prevalent every year, is undoubtedly another factor, allowing hunters to discover large deer that they would never have known otherwise.

Once the giant male reveals himself to the camera, it is then possible for the hunter to focus on shaping the animal’s movement, looking for scratches, chafing, and regularly used trails where it might be. possible to get closer.

Even then, time spent in the woods is generally a key factor, and many hunters in this last Covid-modified year had more time available to spend in the woods than ever before.

Environmental conditions that improved deer habitat likely also contributed to an increase in the deer harvest, Cook said.

“We’ve had a good two years of above average rainfall,” he said. “In some areas we had a lot of flooding, which made deer hunting difficult. Some deer that would normally have been harvested were not killed. The other benefit of all this rain is food production. Such difficult hunting conditions for a few years and good growing conditions probably made the deer a little older and in better condition. At the start of the season, people were saying they couldn’t remember seeing such good body weights.

“Another factor that could play a role in this situation is complementary feeding. When feeding became legal last year, we had a 14 percent increase in the harvest. But I wouldn’t attribute the corn to the increased quality of the deer.

Alabama’s deer herd is estimated to be between 1.25 million and 1.5 million animals. As Game Check numbers and telephone survey data are analyzed for county-level harvest along with age and gender ratios, Cook said WFF will be able to update its population estimates. There are around 190,000 licensed deer hunters in the state, and they typically take around 200,000 animals in total all seasons combined.

“We have areas where the deer population is declining and other areas with more deer than they have ever had,” Cook said. “Places with good habitat will have good deer populations. Our deer herd appears to be in good health. It will be interesting to see what the phone survey numbers are, but it looks like the harvest has gone well this year, which I think will be an indicator of two things – we have more deer, but I think it also shows that people spent more time hunting.

For more details, visit www.outdooralabama.com.



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Historic full gun deer hunting weekend opens on average and normal https://windgefluester.net/historic-full-gun-deer-hunting-weekend-opens-on-average-and-normal/ https://windgefluester.net/historic-full-gun-deer-hunting-weekend-opens-on-average-and-normal/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/historic-full-gun-deer-hunting-weekend-opens-on-average-and-normal/ Pennsylvania’s historic first full gun deer hunting weekend opened rather normally on Saturday morning. The participation rate of hunters has appeared at the same level as in other recent years, much lower than 20 or 30 years ago, but sufficient to find plenty of pickup trucks, SUVs and cars in most of the game areas […]]]>


Pennsylvania’s historic first full gun deer hunting weekend opened rather normally on Saturday morning.

The participation rate of hunters has appeared at the same level as in other recent years, much lower than 20 or 30 years ago, but sufficient to find plenty of pickup trucks, SUVs and cars in most of the game areas of the world. ‘State, state forest and state park parking lots and roadside stops. .

The first shots of the season rang out in the twilight before sunrise, followed by intermittent rifle fire throughout the morning, normal for modern deer hunting in Pennsylvania, but a far cry from the regular gusts of typical shooting of the long past days.

Temperatures in the upper forties and lower fifties under partly cloudy skies made for a very pleasant start to the season, increasingly common in modern firearms hunting in a changeable but unprecedented climate in a historical context of snow in the on the ground and in the air, hand warmers in the pockets of thick coats and toes that seemed to freeze inside clunky, heavily insulated boots.

There was no physical clue to the historical significance of the weekend when first-time hunters can hunt deer with firearms on Saturdays and Sundays.

Prior to 2020, there was no deer hunt on Sundays in Pennsylvania. The legislative action leading the way followed by the Pennsylvania Game Commission action has opened the hunt on three Sundays this year: 1 for archery season, gun season for bears and now, the gun season for deer.

The implications of this change seem to be more internal to hunters who will or will not benefit from the new situation.

“It really took the pressure off,” said Adam Moyer of Pine Grove, who was returning to a parking lot in Swatara State Park in southern Schuylkill County with his 12-year-old daughter Amy. “We had to be here at first light. It’s day one and it’s probably always a stag’s best luck.

“But now I don’t feel like we have to be here all day. We’re going home. She has other things she wants to do this afternoon, but she says she will be back with me early tomorrow.

“Our chances should be as good on Sunday morning as they would be this afternoon. Other years, I would have tried to make her stay with me all day. This year, I don’t need it.

In Clarks Valley in northern Dauphin County, Frank Collins of Harrisburg didn’t see the same benefits as the Sunday deer hunt.

“I don’t think I’ll be back here tomorrow,” he said. “I didn’t want a Sunday hunt and I don’t think I’m going to use it.

“Maybe deer hunting needs a little tradition. Last year we opened on a Saturday. This year we are open today and we can hunt tomorrow. “

The 67-year-old added: “I guess soon the kids won’t be out of school on Monday. This is not the deer hunt that I grew up with.

Ellen Parks, of Millersburg, hunting in Weiser State Forest near Lykens in northern Dauphin County, was not concerned with Sunday hunting one way or the other.

“What a great day to be outside and forget everything home for a while, COVID, money, family, everything,” she said. “Here, it’s watching and listening to the deer and just being outside. I’m pretty sure I took a little nap around 10 a.m.

If you harvest a deer in any of the 2020-21s and want to share a photo of yourself with your trophy with PennLive readers, send the photo, along with name, hometown, date, time and the county where you shot the deer. to Marcus Schneck at mschneck@pennlive.com.



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Thai households grapple with record debt, COVID-19 increases burden https://windgefluester.net/thai-households-grapple-with-record-debt-covid-19-increases-burden/ https://windgefluester.net/thai-households-grapple-with-record-debt-covid-19-increases-burden/#respond Wed, 07 Apr 2021 23:15:38 +0000 https://windgefluester.net/thai-households-grapple-with-record-debt-covid-19-increases-burden/ Adding to the strain, the coronavirus outbreak has shut down a small construction company where she worked for $ 10 a day for much-needed extra income. “I am so in debt and don’t know what to do,” said the 51-year-old single mother, single mother of two, who traveled from northern Kamphaeng Phet province to join […]]]>


Adding to the strain, the coronavirus outbreak has shut down a small construction company where she worked for $ 10 a day for much-needed extra income.

“I am so in debt and don’t know what to do,” said the 51-year-old single mother, single mother of two, who traveled from northern Kamphaeng Phet province to join a protest of indebted rice farmers in Bangkok late. last month, calling on the government to help reduce their debt burden.

Jamras has only reimbursed part of the interest since 2013 and has not affected the principle. This year, she has to pay 40,000 baht in interest, but she has no money. “I hope I have some help.”

Such protests have put additional pressure on the Thai government, which is already grappling with growing pro-democracy protests and struggling to revive the economy hit by the pandemic.

Thai households are among the biggest borrowers in Asia, racking up a mountain of debt of 14 trillion baht, or 89.3% of gross domestic product (GDP) at the end of December, a sharp rise from 78. 1% in 2017. And, they find it increasingly difficult to keep pace with payments.

Household debt levels are the highest since the central bank started keeping records in 2003.

High indebtedness also poses a risk to financial stability and restricts consumer spending in Southeast Asia’s second-largest economy, preventing a recovery from the coronavirus crisis. Last year, the economy suffered its deepest collapse in more than two decades, as exports declined and the vital tourism sector was shaken by the absence of foreign visitors.

New COVID-19 outbreaks have increased pressure on some businesses and households, the central bank said last month, when it slashed its 2021 gross domestic product (GDP) growth outlook to 3% from 3.2 %, noting that the economy would not return to pre-pandemic levels until mid-2022.

Although the latest outbreak of infections has been largely contained, it has heightened fears that an economic recovery will be slow and uneven, prolonging the pain.

“Even before COVID, our debt to GDP was already the highest among emerging markets,” said Yunyong Thaicharoen, chief economist at Siam Commercial Bank.

“This is above a level which has a huge impact on GDP and household spending,” he said, adding that the debt ratio could peak at 90-91% of GDP in the month. first trimester.

The government has pledged 1 trillion baht in relief to ease the impact of the outbreak, but some say relief is not rolling out quickly enough for many Thais. Last year, a woman took rat poison to the finance ministry to protest the slow response. She survived and was promised her payment a few days later.

(GRAPHIC – Thai household debt:

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MOUNTAIN DEBT

The growing debt burden is likely to dampen private consumption, which accounts for half of Thailand’s $ 502 billion GDP, and will hurt lenders’ incomes if more loans turn sour.

Granted, the pandemic slowed demand for loans last year, but the collapsing economy also made it harder to repay their loans.

Consumer loans rose 4.6% last year, slowing from a 7.5% increase in 2019 as the epidemic reduced household purchasing power, according to the central bank.

But loans with a significant increase in credit risk surged, with auto loans reaching 9.5% of loans, the highest in at least three years.

Still, lender Muangthai Capital remains optimistic, targeting 20-25% annual loan growth over the next four years.

“The industry still has a lot of room for growth,” said deputy managing director Parithad Petampai, noting that the company’s loans increased tenfold to 70 billion baht last year from 2014.

For years, the credit facility for consumers and businesses has sparked many warnings about the dangers of rising household debt in Thailand, and now the pandemic has left millions of people out of work.

About 4.7 million workers are at risk of being affected by the outbreak, of which 1.2 million could become unemployed or underemployed, the central bank said in January.

Even after the economy has recovered and more jobs are available, debt distress will take a long time to tackle.

“We may earn more but it will go to servicing the debt, there is not much left to spend,” said Aree Onkloi, 22, a worker from northern Phitsanulok province, whose family owes close to one million baht.

“We will have to keep borrowing and never get out.”

(Reporting by Orathai Sriring, Satawasin Staporncharnchai and additional reporting by Kitiphong Thaichareon; editing by Kay Johnson and Kim Coghill)

By Orathai Sriring and Satawasin Staporncharnchai



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