Fund – Tadasei Mon, 10 Jan 2022 06:02:32 +0000 en-US hourly 1 Fund – Tadasei 32 32 Tips for Getting An Online Bad Credit Loans Mon, 10 Jan 2022 05:59:38 +0000 Many bad credit borrowers today do not turn for traditional loans when they require to get money. This is because the chances of getting loans from traditional banks or credit unions are almost nonexistent. Traditional lenders have very strict credit requirements, and applicants who have poor credit scores are typically rejected on applications for loans.

In addition, poor credit borrowers can now find loans through the internet. This is the preferred alternative for those with poor credit because apart from having online lenders permit people with bad credit to obtain cash their loan options are also extremely easy to acquire see this site.

Do Some Research

It’s easy to find details on nearly everything thanks to the power Internet. If you’re looking to learn anything about online loans for bad credit such, for example, will likely have a problem as a large number of lenders today operate online.

You can, for instance, know the average interest rates for bad credit loans in the present. It is also important to learn about the different requirements online lenders are looking for in a borrower. Also, search for details about reputable online lenders as numerous online lenders charge excessive charges and interest rates.

To stay clear of predatory lenders, make sure you check online for reviews or testimonials about the online lending business you’re planning to use for a loan. The site of the online lender may provide you with some tips about their credibility. Beware of the offers that seem too appealing to be real because they’re most likely to be a fraud.

Know and understand the risks

It’s not difficult to identify the benefits of online loans for bad credit. However, it’s quite foolish to ignore the dangers. Some lenders fail to consider the risk, for instance, the rate of interest that is so high that appear to be in danger of financial ruin.

There are many having trouble paying off their debts due to their ignorance of the risk that comes when they take out loans.

Take a look at your finances

It’s a good idea to think about your finances prior to applying for a loan with bad credit. This way you’ll get an idea of how much you’ll require to borrow and whether you’re able to pay this amount based upon your income per month.

You must take into consideration your monthly income and expenses or monthly expenditure, and/or financial obligations. When you have analyzed these factors in your finances it is important to ensure that the amount of the loan you choose to take should not be burdensome on your finances.

The importance of checking your finances is since bad credit loans can be expensive. They could have higher percentages of interest than conventional loans. It is possible to anticipate higher rates as the borrowers of these loans are considered to be high-risk. Therefore, you must take a smart financial decision by assessing your financial situation prior to applying for a loan with bad credit.

Talk to Your Lender

Prepare your questions prior to talking with the lender about the conditions that apply to the loan. There are certain pieces of information that only your lender is able to provide. You must be aware of the interest rate, conditions maturation date, any additional fees, etc.

It’s also a good chance to obtain more information about discounts or offers that could lower the cost of the loan. Your lender is prepared to answer all the questions you’d like to inquire about. Don’t be intimidated to inquire!

Take a loan that improves Your Credit

Even though you’re able to obtain loans despite having an unsatisfactory credit score but you shouldn’t be a high-risk borrower for the remainder the rest of your existence. Even though it’s not yet too late it is important to ensure that you improve or rebuild your credit score in order to take advantage of low-interest rates and to get free of barriers that hinder you from receiving a low-cost loan.

There are loans with bad credit to help you repair your score on credit. If you are granted loans, you must make timely installments for a chance to improve your credit.


Bad credit loans come with benefits, but they also have the risk of financial loss. Prior to applying for one, be sure to be aware of the potential risks, do your research, and think about your financial situation. Use the information above to get some guidance.

UBS delays closure of US private bank Thu, 08 Apr 2021 02:38:32 +0000

UBS is forced to delay the closure of its US private bank, missing its deadline of January 1, 2021 to transfer millions of dollars in loans from international clients to its wealth advisory unit.

The company was due to close its US private bank early next year as part of a cost-cutting exercise in its global wealth management business, as announced to UBS employees over the summer and reported by Citywire.

The plan was to move its US-based private bankers and all US private bank accounts receivable to its wealth advisory unit, UBS Financial Services, by the end of 2020.

However, the group has experienced significant delays due to complications related to the transfer of hundreds of millions of dollars in loans reserved through the US private bank for international clients to its wealth advisory entity, according to sources familiar with the matter.

The Wealth Advisory Unit must perform due diligence on all loans issued to international clients by its US private bank before transferring them, and this work has progressed more slowly than would be required to approve all loans by now. the end of the year, sources said. noted.

The group’s US-based private bankers serve very high and high net worth clients in the US as well as the US and Latin American offshore markets. While private banking, with offices in New York and Miami, caters to both overseas and overseas clients, the majority are offshore.

The same sources were unable to provide an estimate of when UBS might officially shut down its U.S. private bank, but said it could take weeks to clear the backlog of loans that need to be reviewed.

The delay could cost UBS millions of dollars and could also force the company to renew the private banking unit’s banking license for another year, sources added.

A spokesperson for UBS declined to comment.

Slow process

The backlog of loan transfers stems from how the Swiss company has structured its due diligence and loan issuance process for its international wealth management clients, sources said.

UBS’s US private bank was responsible for booking loans for the international wealth management clients of the group’s US private banking and wealth advisory units. These loans were processed and issued by a dedicated New York-based team within UBS’s U.S. private bank, sources said.

Since the announced shutdown of the US private bank, this responsibility has fallen on the credit team at UBS Financial Services, which until recently focused only on lending to domestic US customers. The group’s domestic credit team must now perform due diligence on every loan granted to international wealth management clients before transferring it to the company’s wealth advisory unit, sources said.

The considerable time and resources required to complete these audits are the source of the backlog.

Many loans are for long-time international clients who have been with UBS for many years, sources added.

Private banker transition

As previously announced, the shutdown of UBS’s U.S. private bank means the company is effectively eliminating the private banker role from its U.S. operations.

The Swiss firm has offered its other US-based private bankers, most of whom serve offshore clients based in Latin America, the opportunity to transition to financial advisory roles within its wealth advisory unit. .

Sources said the majority of his US-based private bankers accepted his offer and successfully moved their clients’ investment portfolios from private banking to advisory accounts.

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How I get there: Alua Arthur, Death Doula Thu, 08 Apr 2021 02:38:20 +0000

Illustration: Lauren Tamaki

In 2012, Alua Arthur left her legal career to become a death doula. The problem was, she had no idea such a job existed. “All I knew was there had to be a better way to support one of the loneliest and most isolating experiences a person can have,” she says. Now 42, she is a leader in the field of death work and has guided thousands of people and their loved ones through the dying process. She has also trained hundreds of other death doulas through her company, Going With Grace, and is on the board of directors of the National End-of-Life Doula Alliance (NEDA).

This year, as COVID has forced so many Americans to deal with sudden loss and their own mortality, Arthur has been inundated with new clients and students as well as broader questions about how to deal with the constant heartbreak. She lives in Los Angeles. Here’s how she does it.

In her morning routine:
I usually get up around 8:30 or 9:00 a.m. I am a night owl, and it helps me in my job because people tend to die between 2 a.m. and 5 a.m. I do not know why ; there are a lot of different theories about it. But I am most awake and alert at this time. The hours of witchcraft. I love to burn my incense at 4 a.m. and greet the crows.

Most mornings I meditate right after waking up. After meditating, I fill my canister with a gallon of water and exercise. I need to sweat and move. I like anything where the instructor says, “Faster! Go! Only ten more seconds! Since we can’t do group fitness in person right now, I have to recreate it in my house. It doesn’t work quite the same as I’m going to stop and eat some snacks in the middle of a video. But I try. Exercise and meditation are the things that keep me sane and grounded. They are the baseline.

On the attractiveness of end-of-life care:
Being around death made me more honest. I see that what we do not say chokes us as we die. People always think they have more time, and when they realize they don’t have it, they regret things they didn’t do. I’m trying to do what I feel like doing right now. And if that means eating White Cheddar Cheetos for breakfast, I will. This is what I did this morning. I won’t always be able to taste delicious things, so let me do that now.

On the management of its customers:
I don’t accept more than one dying client at a time because I want to be on call for them. Whatever they need, I will. When a client who is only a few weeks or months away from me for the first time comes to me, we’ll go through the long list of things to consider in death and death, and then create a plan. This is usually done over the phone. Then I go visit them, I get my hands on them, I really see what their physical condition is and I see what kind of support they have.

I continue to visit them every week or so until their condition begins to deteriorate rapidly, and then I visit more often. I may be there when they die, and if I am not, I will come and sit with their family or their caregivers afterwards until the funeral home arrives. I can also help with practical deals – possessions, accounts, life insurance, documents. It’s exhausting for a family to have to think about it while they are also grieving, and I am equipped to help. I’m going to sit down with the insurance companies, make the funeral arrangements, all that.

Beyond those who are imminently dying, I often have multiple clients who require end-of-life planning consultations. I can take on two at the same time. It could be someone who just went to hospice care and it doesn’t look so bad yet, or someone who has just been diagnosed and wants to prepare.

To relax after an intense day:
I’m going to drink wine and go out with a lover. I go out dancing until 5 in the morning. Sometimes I just want to cut my brain off after a long day, and the best way to do that is to hang out with friends and people who tickle me. But it’s also good to spend a lot of time alone, which is the flaw these days. I like the silence.

By becoming a doula of death:
I have spent most of my career in legal services in Los Angeles, working with victims of domestic violence. Then there were big budget cuts, and I got stuck doing paperwork in the basement of the courthouse. I was already depressed and exhausted, but it turned into clinical depression. So I took time off and traveled to Cuba. While I was there I met a German woman who had uterine cancer and was on a bucket list trip. We have talked a lot about his illness and death. She hadn’t been able to discuss many of these things before, because no one in her life left room for her to talk about her death. Instead, they would say, “Oh, don’t worry. You will be better. I came back from this trip thinking I wanted to be a therapist who worked with dying people.

I applied to schools to become a therapist, but in the meantime my brother-in-law got very sick. So I packed my bags and spent two months in New York with him. This experience gave me a lot of clarity on all the things we could do better in end-of-life processes. It was so isolating and I didn’t understand why. Everyone is dying, so why does he feel so lonely? After that, I did a death doula program in Los Angeles called Sacred Crossings, and then I founded my company, Going With Grace.

At the end of his career as a lawyer (and a regular salary):
It was not a difficult decision to quit my job as a lawyer. The hard part had more to do with identity and what success means. I was born in Ghana and we all grew up to be doctors, lawyers and engineers. So I was going against the expectations of society and parental expectations. It was also difficult to be broke for a long time. My student loans were in arrears. I spent a lot of nights lying on my mom’s couch wondering how I was going to make things work. If my friends went out they had to pay for me, otherwise I couldn’t join them. To support myself while I was starting my business, I worked part-time in a hospice and funeral home.

Eventually, I started to run small workshops on end-of-life planning. I charged $ 44 for people to get together and learn how to fill out the necessary paperwork. Now I have my own doula training programs. I have about 100 students at the moment, all online.

On the invoicing of its services:
I have to navigate financial conversations very frankly. Part of the challenge is that our society doesn’t see the financial value of having someone who is kind and supportive. Being able to keep that much compassion space when someone is dying is a skill. He must be highly paid.

Living with bereavement:
I am constantly grieving with and for my clients and their families all the time. There is no solution. I have to be present with my feelings and let them overwhelm me no matter what expression they take. If I try to close this part of myself, it becomes much more difficult to function in everyday life. Mourning does not always seem to cry. Sometimes it feels like anger, promiscuity, or eating it all under the sun. Like all things, it is temporary.

On how COVID has changed his job:
We have to rely much more on technology and distance communication. There is also much more interest in the Death Doula training program. Death is on the minds of a lot of people, and I’ve seen a lot more people start planning for their end of life – mostly healthy people in their 40s with young children. A lot of people have seen young people die suddenly, and it changed their perspective.

On its own end-of-life plan:
I would like to be outside or near the windows. I want to watch the sunset for the last time, and I want to have the people I love around me, talk quietly, so that I know they have reunited after I left. I want to have a soft blanket and a pair of socks because I hate it when I have cold feet. I want to smell the incense and the amber nag champa. And I want to hear the sound of flowing water, like a stream. I would like to take advantage of all these senses for the last time. And when I die, I want everyone to applaud. Like, “Good job. You did it.”

I want my funeral to be outside, and I want all of my jewelry to be arranged. When the guests come in, they take a piece and put it on. I want my body to be wrapped in a shroud of raw orange and pink silk. They will play Stevie Wonder – “I will always love you” – and everyone will eat a lot of food and drink whiskey, mezcal and red wine. There will be colorful Gerber daisies everywhere, and they will take me to sunset. And when they put my body in the car, the bass will fall to the music, and there will be some kind of pyrotechnics. Hope my guests have fun, dance, cry and kiss. And then I want them to leave with my jewelry.

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Challenge in Japan for its participation in ASEAN – Analysis – Eurasia Review Thu, 08 Apr 2021 02:38:09 +0000

With India’s decoupling from RCEP (Regional Economic Partnership Cooperation), China has become the giant by exerting influence in the world’s largest trading bloc. World opinion leaders have called it a geopolitical victory for China. With Japan having joined the bloc, having withdrawn earlier after India, Japan appeared to have plunged into controversy over its participation in ASEAN.

Japan has a big interest in foreign direct investment in ASEAN. China is behind Japan. Japanese investment has helped establish a major supply chain base in ASEAN for Japanese companies at home and abroad. Toyota’s Asian car model is a good example. Given China’s growing influence in RCEP minus India – which has proven to be a major counterweight to China – ASEAN is likely to see a decline in trade and investment power in the block. This will have a cascading impact on the investment relationship between Japan and ASEAN, which, in turn, will be of benefit to China as an aggressive investor in ASEAN.

Japan’s trade relations with ASEAN have weakened over the past decade. In contrast, China-ASEAN trade has seen a sharp increase over the same period. The factor hampering growth was the China-ASEAN FTA and the combined effects of the US-China trade war and the COVID 19 pandemic. In these contexts, the RCEP is unlikely to ensure a bright day for Japan. RCEP could be a double whammy for Japan, given the combined impact of the China-ASEAN FTA and common rules of origin in the trade bloc, which will work more favorably for China.

Since China and ASEAN joined the FTA, trade between ASEAN and Japan has leveled off. In 2010, when ASEAN concluded the FTA with China, ASEAN’s share in Japan’s world trade was 14.5%. In 2019, after nine years, the share increased slightly to 15%. This shows that the China-ASEAN FTA has played an important role in crippling the growth of trade between Japan and ASEAN.

RCEP will strengthen economic integration in Asia. This will reduce bureaucracy, paperwork and transaction costs. The decline of Chinese dominance in the supply chain, rising labor costs and the trade war between the United States and China have led many investors from advanced countries to turn to members of the ASEAN like Vietnam, Thailand, Malaysia and Indonesia. Ultimately, economic integration into RCEP should result in the strengthening of the supply chain in ASEAN.

But, there is another side of the leg up. The process of transferring multinationals to ASEAN will accelerate the interdependence between China and ASEAN. In the first half of 2020, ASEAN dominated the EU as China’s biggest trading partner. Thus, RCEP will pave the way for China to consolidate more power and play the role of ASEAN’s leading economic player through this process.

China is the main supplier of imports to RCEP member countries. Given the increased power that China has, it will have a larger stake in RCEP, including ASEAN. At present, more than a fifth of ASEAN’s imports come from China. Before the ASEAN-China FTA, China’s share was only one tenth. Given this growth in imports from China in the post-FTA period, ASEAN is moving into a delicate orbit of China’s trade and investment power. This bodes well for Japanese investors in ASEAN, as this trend will trigger China’s investment in the region.

Japan has long supported ASEAN by helping to integrate the supply chain in the region. ASEAN is Japan’s third largest trading partner, after China and the United States. Japan is ASEAN’s fourth-largest trading partner and third-largest foreign investor in the region, after the United States and the EU.

Japanese investors have reaped considerably higher rates of return in ASEAN than FDI in traditional markets, such as the US and the EU, making the region the most attractive destination for Japanese markets.

Perceiving the threat of a supply chain risk during the Covid pandemic, Japan decided to splurge on subsidies to promote the Japanese supply chain in ASEAN. New Prime Minister Yoshihide Suga was optimistic and said that “Japan will further strengthen cooperation with ASEAN to increase supply chain resilience and build crisis-resistant economies in Asia.”

Japan called on domestic companies to manufacture locally or look to Southeast Asia, in a bid to revamp the supply chain. Under the grant program, the Japanese government will cover up to half of the costs within ASEAN for large companies and two-thirds for small companies.

The Peterson Institute of International Economies (PIIE) has described RCEP as an East Asian economy centered on China. After the United States decoupled from the TPP and India pulled out of RCEP, the economy of East Asia turned inward. The bloc was originally aimed at limiting China’s influence by India and the United States. But now it will strengthen China’s influence in regional decision-making.

Concerns are growing about the risk to Japan’s supply chain in ASEAN, with the China-centric supply chain overtaking that of the Japanese. Given the increasing interdependence between ASEAN and China due to the shift in investment, a Japanese subsidy alone is not enough to neutralize China’s escalation of supply chain and weight. Chinese policy in the region. To this end, political openness is imperative to develop the relationship with ASEAN, for example through Overseas Development Assistance (ODA) and other loans.

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Student Loans Company Launches Recruitment Campaign Thu, 08 Apr 2021 02:37:49 +0000

A MAJOR employer in Darlington is on a recruiting drive to find over 40 people.

The Lingfield Point-based Student Loans Company (SLC) is expanding its technology function to support the provision of student finance for the UK government and decentralized administrations in Scotland, Wales and Northern Ireland.

There are over 40 ongoing digital and technological opportunities for people with diverse skills and ambitions.

The roles, which include digital developers, systems testers, architecture and technical designers, will be based within the organization’s technology group, either in Glasgow or Darlington.

Stephen Campbell, Chief Information Officer of SLC, said: “There has never been a more exciting time to join SLC as we build on the progress already made in our multi-year transformation agenda which aims to deliver a exceptional customer experience through the use of new technologies.

“SLC recently obtained Investors in Diversity accreditation and is a leading organization offering a range of opportunities for personal development and sustained career progression. We are committed to developing the skills of our employees and giving our colleagues the opportunity to apply these skills, within a united and inclusive team. ”

“Working in an environment similar in scale to a mid-sized retail bank, the new roles will be critical to our delivery of an exceptional customer experience for students, graduates and higher education providers. and higher across the UK. ”

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COVID tax break could open the door to student loan cancellation Thu, 08 Apr 2021 02:37:28 +0000

COVID tax break could open the door to student loan cancellation

The college debt cancellation tax break in the COVID-19 relief program signed earlier this month by President Joe Biden has lifted a potential hurdle to student loan debt cancellation: taxes.

The provision will not count any debt forgiveness from December 31, 2020 to January 1, 2026 as income. Under one of the existing remission programs (income-based repayment), the remitted amount is reported to the IRS as income and taxed according to the borrower’s current tax bracket.

Any debt forgiveness would not benefit borrowers if it resulted in an unaffordable tax bill, says Douglas Webber, associate professor of economics at Temple University.

“I see this as one more step towards eliminating what would not just be a big potential inconvenience, but a big public relations problem, Webber said.

The tax measure was adapted from the Student Loan Tax Relief Act led by Senators Bob Menendez, DN.J., and Elizabeth Warren, D-Mass. On March 6, Warren tweeted: “This paves the way for President Biden to #CancelStudentDebt without imposing thousands of dollars in unexpected taxes on student borrowers.”

Experts say the tax relief measure could do just that.

“Given the context and all the talk about loan cancellation, I think this is probably a nod from Congress to open this door,” said Megan Coval, vice president of policy. and federal relations to the National Association of Student Financial Aid Administrators.

Artem Gulish, senior policy strategist at Georgetown University Center on Education and the Workforce, said the relief program was just the start for student loan borrowers.

“This is the first thing the Biden administration does; there is always potential for forgiveness,” Gulish said.

However, there is still no legislation or decree that answers the big questions of “if”, “how much” or “when” forgiveness might occur.

What your invoice might look like without tax relief

Imagine that no tax break was included in the stimulus package. Hopefully, let’s also look into a crystal ball and say you have $ 10,000 in student loan debt canceled this year. Your income is $ 68,000 (the approximate median in the United States), which means you are in the 22% tax bracket. Next year, when you pay 2021 income taxes, the canceled debt will be taxed at 22% and you owe $ 2,200 on it.

Without the tax break, the pardon could also have pushed you into a higher tax bracket. Suppose you earned $ 85,525 – the top of the 22% tax bracket – and received $ 10,000 in rebate, which moved you to the next tax bracket. Since this is a progressive tax system, you will end up paying 22% on your income, but 24% on that amount which would spill over into the highest tax bracket ($ 2,400 in this example) .

There are additional sacrifices on the lower end of the income spectrum, says Erica Blom, senior research associate at the Urban Institute, a nonprofit research organization. Switching to another tax bracket could result in the loss of credits, such as the earned income tax credit or the child tax credit.

“It could have been as bad or worse than asking someone to shell out an extra $ 1,000 in taxes,” Blom said.


Democratic lawmakers, a group of 17 state attorneys general and consumer rights advocates have all called on Biden to cancel up to $ 50,000 in federal student loans by executive order.

The president said he was supporting a $ 10,000 general rebate for federal student loan borrowers through Congressional action. At a CNN town hall on February 16, he said he was not supporting a $ 50,000 pardon.

Biden and his team wondered if he had the power to call on the Education Department to cancel its debt through executive action. Lawyers argue that a president has this power under the Higher Education Act. However, the Education Ministry released a legal note in January stating that its secretary did not have the authority to grant a pardon.

The 42.9 million federal student loan borrowers who collectively owe the federal government $ 1.57 trillion are expected to receive a comprehensive remission. A $ 10,000 remission would wipe out the debt of 15 million student loan borrowers entirely, according to NerdWallet analysis of federal student loan data.

Neither of the two rebate proposals would likely benefit borrowers with private student loans or those with commercially-held federal family education loan debt, who were excluded from previous relief programs. However, the tax relief for canceled debts could benefit private student loan borrowers whose debts are settled through bankruptcy.

Meanwhile, federal student loan borrowers remain on an interest-free payment hiatus that began on March 13, 2020 and runs through the end of September.


While there are debt cancellation programs, success rates and tax implications have varied. Public Service Loan Forgiveness offers tax-free debt cancellation for borrowers who are approved (only 2.2% of applicants have been approved so far, according to federal data). Loan amounts canceled as part of the borrower’s defense against repayment – used if you’ve been defrauded by your school – are not taxed. And the disability discount is also not considered taxable income.

Forgiveness is normally imposed for people on an income-based repayment plan, which fixes payments at a portion of your income and cancels the debt after 20 or 25 years. So far, only 32 borrowers have received a discount through these repayment programs, according to March 2021 data obtained by the National Consumer Law Center.

But most borrowers currently enrolled in an income-based repayment plan will not be eligible for the discount until 2035 at the earliest – well past the January 1, 2026 expiration date of the waiver provision. tax in the new relief program. .

Anna Helhoski is a writer at NerdWallet. Email: Twitter: @annahelhoski

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Businesses Take Advantage of Paycheck Protection Program | News, Sports, Jobs Thu, 08 Apr 2021 02:36:34 +0000

A BIG BOOST – Small businesses and other organizations have taken advantage of the federal government’s paycheck protection program and secured loans to fight the economic chaos caused by the COVID-19 pandemic. Homer Laughlin China Co. has obtained more than $ 4.8 million in loans. (File photo)

STEUBENVILLE – Businesses and other organizations have received just over $ 97 million in loans in Jefferson, Brooke and Hancock counties under the federal government’s Paycheck Protection Program.

Established earlier this year, the $ 669 billion business loan program was created to help some businesses, freelancers, sole proprietors, and nonprofits continue to pay their workers who have been affected by the pandemic. of COVID-19.

On Tuesday, the Small Business Administration released information on PPP loans for all loans issued, and in the region’s three counties surveyed, 855 entities took advantage of the program.

The largest amounts went to several of the region’s largest companies. In Jefferson County, the Franciscan University of Steubenville has received more than $ 6.5 million in loans. In Hancock County, Homer Laughlin China Co. has obtained more than $ 4.8 million in loans, and in Brooke County, Weirton Medical Center Physician Practices has received more than $ 3.4 million in loans. The smallest loan in the region was $ 265.

The program has enabled entities to apply for these low-interest private loans to cover labor costs, rent, interest, and utilities. Loans can be partially or fully canceled if the company keeps the number of employees and salaries stable.

Local leaders say the economic influx has enabled many local businesses to survive.

Jefferson County Commissioner Tom Gentile said the program is “Absolutely” valuable.

“So many companies have been negatively affected”, said Gentil. “It’s a big blow to them, it will help some of them cover the legitimate costs.”

Marvin Six, executive director of Business Development Corp. of the Northern Panhandle, said it was aware of medical practices that used PPP loans to retain staff when fewer people were making in-person appointments and to purchase additional equipment to comply with regulations designed to deter the spread of the disease. coronavirus.

The Brooke-Hancock-Jefferson Metropolitan Planning Commission helped local small business owners apply for state grants funded by the federal CARES Act and aimed to help them recover from losses related to the pandemic.

When asked if the paycheck protection program benefits local businesses, BHJ executive director Mike Paprocki said: “It certainly helped keep some afloat.”

Paprocki said he was aware of businesses and nonprofits that were shut down because they were deemed non-essential to retain employees.

He said that instead of asking for unemployment compensation, employees were paid a salary on condition that they returned to work when their employer reopened.

Along with Franciscan University, Homer Laughlin China, and Weirton Medical Center, local businesses that received more than $ 2 million in loans included Grae-Con ($ 4.3 million of which more than $ 2.5 million for Grae -Con Process Piping and $ 1.7 million for Grae-Con Construction) and CHANGE Inc. ($ 2.07 million).

Jefferson County Commissioner Tom Graham said he “all for any help we can give to local businesses in times of crisis.”

“This virus has shown that it is not a hoax”, Graham said, noting that local businesses are the lifeblood of the region’s economy and in turn impact local governments.

As an example, Graham said that sales tax revenue “It was a little depressed for us, but it could have been a lot worse.”

“Some companies are doing well, others have been more negatively affected”, Graham added.

“Anything the government can do to help, it must do” Graham said. “If the government can’t help at times like this, it’s hard to imagine why it exists. When citizens are hurting, that is when the government has to step in and do something. “

When asked if another round of loans should be available, Paprocki said: “Do we need another iteration of this? Of course, because it’s not going to go away for four to five months.

He noted that the airline and hotel industries have suffered from a sharp drop in travel while restaurants have still not been able to serve at full capacity.

“I think we will feel the economic impact of this for years to come”, he said.

Paprocki said that closing schools also has an economic impact, as parents of young children have sometimes been forced to stay at home when no one else is available to watch them.

He noted that there aren’t some people who haven’t been able to work from home.

Paprocki said such situations have highlighted the need for additional child care.

Six said he believed such programs helped alleviate some financial anxieties caused by the pandemic.

“I think it is necessary to make people more comfortable, but I think there must be more guidelines” he said.

However, Six said one downside is that employees do not return home from work after their wages have been covered by the funds.

“Small businesses need to have people who work. If there is a tampon that will allow people not to work, some will take the tampon , he said.

Jefferson County Commissioner Dave Maple said he believed the P3 program “In general, has been a real lifeline for many businesses affected by COVID. “ He said securing funding was essential, “Now people are starting to invest in the forgiveness part.”

“What worries me the most are small businesses that don’t have a management team of five or six people.” with the time and resources to fully investigate opportunities such as PPP and seek help, Maple said.

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Broadcasters large and small are looking for PPP loans Wed, 07 Apr 2021 23:17:43 +0000

Many did not receive funding in the first round, while large broadcast groups seek to be eligible for the next offering

It was clear from the start that Congress had not found enough money to prevent small businesses – defined as those with fewer than 500 employees – from feeling the pain inflicted by the COVID-19 pandemic in the United States. As lawmakers continue to negotiate a second round of funding, broadcasters of all sizes are speaking out, hoping to secure their share of the loans to avert another financial disaster.

Hawaii Media Owner George Hochman believes Congress should allow more funding for the Small Business Administration’s Paycheck Protection Program under the Coronavirus Help, Relief and Economic Security Act.

Hochman spends airtime encouraging listeners to express their own support for PPP, broadcasting a spot 18 times a day from 6 a.m. to midnight on its 15 stations in the Hawaiian Islands.

Listen to the Hochman spot now using the media player below or Download them here.

Hochman encourages other small radio stations to participate in this effort.

“Owners / managers, get on the air, use your airwaves to keep your listeners away and support this program. Now is the time to use the power of our voices and let the public know they need to call their representatives and tell them to pay off “the SBA Paycheck Protection Program” and do it now, so that their employees can return to work. ”Hochman wrote in an email to Radio World.

Meanwhile, the National Association of Broadcasters is supporting a bipartisan letter from U.S. Senators Maria Cantwell (D-Wash.), John Kennedy (R-La.), Amy Klobuchar (D-Minn.) and John Boozman (R-Ark.) who urges their colleagues to open up future SBA loans to broadcasters and news editors with more than 500 employees.

The original PPP legislation excluded any company of this size or larger from applying, but the NAB and Senators say local media are particularly affected by the pandemic, although they play a vital role in informing listeners, viewers and readers.

Senators explain why they called for the exception in the letter: “Even though these media outlets may belong to larger groups, they operate independently.” Therefore, they write, “waiving the SBA membership rules for local newspapers and broadcasters and ensuring that financial assistance goes to the local branch, not the parent company, would allow these small local operations to be eligible for essential financial assistance . This change would allow broadcasters the same exclusions created for the hotel and restaurant industries, which tWashington Post reports have already drawn strong criticism.

An NAB press release quoted NAB Chairman Gordon Smith as saying, “U.S. broadcasters are providing reliable and credible rescue coverage to keep citizens safe during the COVID-19 pandemic, but local stations are suffering from advertising losses of historic proportions that will undermine this critically important service. . We urge congressional leaders to support this proposal to provide immediate SBA loan eligibility to more local radio and television stations, ”

A similar effort is being led by the Chairman of the US House Antitrust Subcommittee, David N. Cicillin (D, RI) and Rep. Jim Sensenbrenner (R, WI) in the other chamber of Congress.It is important to note that 97% of the initial program’s $ 349 billion was allocated in less than two weeks, according to the Financial Times. However, the amount of funding put in place for the next round is likely to be considerably smaller – closer to $ 310 billion, according to CNBC, despite increased demand as the effects of COVID-19 have affected more sectors.

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Minnesota breweries exhausted by pandemic as on-site sales dry up Wed, 07 Apr 2021 23:17:41 +0000

DULUTH – On the first Monday that Hoops Brewing had opened for many months, owner Dave Hoops was paying bills and watching the Twins game while taking stock of the past year.

The Canal Park brewery was “one of the first to close and one of the last to reopen” and saw auction house sales drop by more than half in 2020, he said.

“We depend on the people who come here,” he said. “In order to survive, we increased retail, curbside sales and donated a lot of beer. “

Minnesota breweries, which rely heavily on taproom sales, have been ravaged by the pandemic and state restrictions intended to combat the spread of COVID-19. Nearly 600 jobs have been lost among the state’s more than 180 breweries, according to a University of Minnesota extension report released Monday. The industry’s economic impact on the state’s economy has grown from $ 1 billion in 2019 to $ 813 million last year.

“For an industry still in high growth mode, the impact rippled through communities where canceled investments in the brewery meant work, including construction, had not taken place,” the report said. “The newer brewers in the business have also found it difficult to qualify for government aid or private loans.”

The study was based on a Minnesota Craft Brewers Guild survey to which about half of the state’s breweries responded in December, representing a mix of the biggest, smallest, newest and oldest players in the world. Marlet. The number of breweries in the state increased from 39 in 2012 to 183 in 2019.

About 73% of sales at Minnesota breweries are on-site, while 12% are wholesale and only 8% are from liquor stores, according to the report. The move to more growler and crowler sales has helped breweries stay afloat, as has the ability to serve drinkers outside – although some breweries, like Castle Danger at Two Harbors, are not able to sell from their taprooms due to their size, and not all breweries have a terrace.

“In some ways, the pandemic has brought out the strengths of craft brewing,” Brigid Tuck, senior economic impact analyst for the U’s Extension office, said in a statement. “Brewers were able to move their operations to focus on greater production for retail, but it was still difficult for an industry that relies heavily on on-site sales, as well as tourism.”

Bent Paddle Brewing Co. has launched a “box-in-hand” campaign to increase off-premises sales, with auction house sales dropping nearly 50%.

“The gross cost of COVID to us was really substantial, said Pepin Young, sales room and retail operations manager at Duluth Brewery, highlighting nearly $ 100,000 in new equipment for expanded distribution and adjusting the auction room to state restrictions.

Not all breweries were able to keep their doors open after the restrictions were lifted. Duluth’s Canal Park Brewing Co. has been closed since the second state shutdown in November, but plans to reopen this spring; The giant Surly Brewery in Minneapolis is reopen in June.

Federal and state coronavirus relief has greatly benefited those who qualified. The results of the U Extension survey and analysis showed that sales fell about 22% across all breweries in 2020 – a loss of $ 95 million.

The worst should be over for the state’s brewing industry, as capacity limits and expanded schedules mean more pints are poured and sold on-site.

“I’ve been saying for months that by July 4 we’re going to be looking at a new normal, and we’ll have 300 people in the brewery and 150 outside,” Hoops said. “I’m so grateful for this.”

Brooks Johnson • 218-491-6496

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The smiling faces of Michigan residents will be featured on Lay’s potato chips bags Wed, 07 Apr 2021 23:17:40 +0000

Don’t be surprised if you see a smiling Michigander on a bag of Lay’s crisps.

Two residents, Najah Bazzy from Canton and Khali Sweeney from Detroit, are among 30 people whose smiles have been selected to appear on bags to benefit Operation Smile. Both were selected for their extraordinary contributions to helping the homeless, veterans, youth, the elderly and others.

Bazzy, who was among the 10 people appointed to the List of “CNN heroes” in October 2019, works to help refugee women, children and families by providing them with basic necessities, education and skills training through its non-profit organization. Zaman International. Her smile will appear on Lay’s barbecue and Lay’s original wavy chip bags.

Sweeney is the founder of Downtown boxing hall, a free after-school academic and athletic program in Detroit with a 100 percent high school graduation rate. Her smile will appear on bags of multiple chip flavors, including Lay’s kettle beer cheese, Lay’s hot sauce, classic Lay’s and original wavy Lay’s.

The more than 70 different bag designs were created using CGI technology after COVID-19 issues forced in-person production that would have brought all “Everyday Smilers” to Dallas for a call to be canceled. VIP photo and video shooting experience.

Instead, each attendee was given step-by-step instructions on how to capture selfies using their phones – and the resulting amateur photos were professionally enhanced for transfer to Lay’s bags.

Two residents, Najah Bazzy of Canton (left) and Khali Sweeny of Detroit (right), are among 30 people whose smiles have been selected to appear on bags of Lay’s crisps to benefit Operation Smile.Lay’s

“Having reviewed thousands of nominations and already being personally committed to those smiles ourselves, especially now that people are looking for more reasons to smile than ever before, we knew we couldn’t let a canceled photoshoot stop Lay’s from sharing. these inspiring stories. with the world, ”said Sadira Furlow, vice president of marketing, Frito-Lay North America.

“In every store and in every home, Lay’s has the power to reach millions of Americans every day. We already know that what’s inside the bag brings joy, but turning the Lay’s bag into canvas to multiply that happiness factor is what makes the Smiles program so special.

Lay’s donated $ 1 million to Operation Smile, which provides safe surgeries for people born with a cleft lip, cleft palate or other facial differences, as part of the campaign.

Lay’s Smiles bags are available nationwide while stocks last.

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