Borrowing – PCCMPH Fri, 24 Sep 2021 22:32:38 +0000 en-US hourly 1 Borrowing – PCCMPH 32 32 Coronavirus Aid, Relief and Economic Security Law: Assistance Available for Airlines and Passenger Airports | Mintz – Perspectives on Public Finances Wed, 07 Apr 2021 23:17:36 +0000

On March 27, 2020, President Trump enacted the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Law“), a more than $ 2 trillion stimulus package intended to ease the economic and social disruption the country faces in the wake of the COVID-19 outbreak. Unsurprisingly, the new law includes funding and funding for airlines and passenger airports, which are among those expected to be hardest hit by the epidemic.

While the CARES Act provides targeted funding for certain transportation programs, such as $ 56 million for the Essential Air Service program, the largest aviation-related assistance programs are:

  • $ 25 billion for loans and loan guarantees to passenger airlines;
  • $ 25 billion for salaries, wages and benefits for airline employees; and
  • $ 10 billion for airport assistance.

Below is a description of these programs.

$ 25 billion for loans and loan guarantees to passenger airlines

The CARES law provides that the Secretary of the Treasury (the “Secretary”) With $ 25 billion to provide loans and loan guarantees to passenger airlines, repair stations and ticket agents. The main features of this program are—

  • Application process: The Secretary is required to publish the procedures for applying for loans or loan guarantees within 10 days of the enactment of the law, that is to say April 6, 2020.
  • Terms of agreements: Loans and loan guarantees shall be made “in such form and on such terms and conditions and contain the covenants, representations, guarantees and requirements” as required by the Secretary and at rates “based on risk and average return current on outstanding US marketable bonds of comparable maturity ”.
  • Conditions for obtaining a loan / loan guarantee: The Secretary, at his discretion, may enter into an agreement to make a loan or loan guarantee if:
    • (1) the applicant is an eligible business for which credit is not reasonably available at the time of the transaction;
    • (2) the envisaged obligation is “prudently incurred”;
    • (3) the loan or loan guarantee is sufficiently secured or is made at a rate which (i) reflects the associated risk, and (ii) to the extent possible, is not less than an interest rate based on pre-COVID-19 conditions;
    • (4) the term of the loan or loan guarantee is as short as possible (but not more than 5 years);
    • (5) the relevant agreement provides that, up to 12 months after the loan or loan guarantee is no longer outstanding,
      • (i) neither the beneficiary nor any affiliated company may purchase an equity security of such company on a national stock exchange, “except to the extent required by a contractual obligation in force on the date of the promulgation of the this law ”; and
      • (ii) the beneficiary cannot pay dividends or make other distributions of capital in respect of its common shares;
    • (6) the relevant agreement provides that, until September 30, 2020, the beneficiary will maintain its employment levels as they existed on March 24, 2020, “to the extent possible”, and in no case shall reduce employment levels of more than ten%;
    • (7) the relevant agreement contains a certification that the recipient is established or organized in the United States and has significant operations, and a majority of its employees based, in the United States; and
    • (8) the beneficiary has “incurred or is expected to suffer such covered losses that the continuation of the operations of the business is compromised, as determined by the secretary”.
  • Limitations on certain employee compensation: To receive a loan or loan guarantee, an airline must enter into an agreement with the Secretary which provides that for the period from which the agreement is executed until one year after the loan or guarantee of loan is no longer in progress –
    • (1) no officer or employee who received total compensation greater than $ 425,000 in 2019 will receive (a) total compensation that exceeds, for a period of 12 consecutive months, the total compensation received in 2019, or (b) severance pay or similar benefits that exceeds double the maximum total compensation received in 2019; and
    • (2) no officer or employee who received total compensation greater than $ 3 million in 2019 will receive total compensation in any 12 consecutive months greater than (i) $ 3 million and (ii) 50% of the excess $ 3 million received in 2019.
  • Continuation of services: The Secretary of Transportation may require, “to the extent reasonable and practicable,” that an airline receiving a loan or loan guarantee maintain scheduled air service as the Secretary of Transportation deems necessary. In exercising this authority, the Secretary of Transportation must take into account the needs of small, remote communities and the need to maintain well-functioning health care and pharmaceutical supply chains.
  • Collective agreements: The issue of a loan or a loan guarantee cannot be made conditional on the renegotiation of a collective agreement.

$ 25 billion to support airline workers

The CARES Act grants passenger airlines $ 25 billion to be used exclusively for maintaining employee wages, salaries and benefits. The main features of this program are—

  • Payment amount: Distributions are formula-based, based on wages and benefits declared by the airline for the period April 1, 2019 to September 30, 2019.
  • Application process: The Secretary is required to publish “simplified and accelerated procedures” within five days of the promulgation of the law, that is to say April 1, 2020.
  • Payment schedule: The initial payment must be made within 10 days of the enactment of the law, and the Secretary is required to establish procedures for subsequent payments.
  • Insurance required to receive financial assistance: To be eligible to receive this financial assistance, an airline must enter into an agreement, or otherwise certify, that:
    • (1) until September 30, 2020, it will not reduce rates of pay and benefits, or take involuntary leave;
    • (2) until September 30, 2021, it will ensure that neither the airline nor any of its affiliates buy an equity security of the airline listed on a national stock exchange;
    • (3) until September 30, 2021, it will ensure that the airline will not pay dividends or make any other distribution of capital in respect of its ordinary shares (or an equivalent interest); and
    • (4) it will meet certain other requirements under the CARES Act.
  • Continuation of services: The Secretary of Transport may require, “to the extent reasonable and possible”, that an airline receiving this financial assistance maintain a scheduled air transport service that the Secretary of Transport deems necessary. In exercising this authority, the Secretary of Transportation must take into account the needs of small, remote communities and the need to maintain well-functioning health care and pharmaceutical supply chains.
  • Collective agreements: This financial assistance cannot be made conditional on the renegotiation of a collective agreement.
  • Limitations on certain employee compensation: Financial assistance under this article of the CARES Act is only available if an airline enters into an agreement that provides for only during the two-year period between March 24, 2020 and March 24, 2022
    • (1) no officer or employee whose total compensation exceeded $ 425,000 in 2019 will receive (i) total compensation that exceeds, for any period of 12 consecutive months, the total compensation received in 2019, or (ii) compensation severance or other benefits in the event of termination of employment that exceeds double the maximum total compensation received in 2019; and
    • (2) no officer or employee who received total compensation greater than $ 3 million in 2019 will receive total compensation for 12 consecutive months greater than (i) $ 3 million and (ii) 50% of the excess of 3 million dollars received in 2019.
  • Refund: To provide the federal government with “appropriate compensation” for providing this financial assistance, the Secretary may receive warrants, options, preferred shares, debt securities, notes or other financial instruments issued by the companies. airline beneficiaries.

$ 10 billion for “airport aid subsidies”

The CARES Act gives the Federal Aviation Administration $ 10 billion to distribute in the form of “airport assistance grants” to “airport sponsors.” The main features of this program are—

  • Definition of “sponsor”: A “sponsor” is (i) a public body, which is defined as “a state or political subdivision of a state, or organization receiving tax support”; and (ii) a private owner of a “public use airport”, which is defined as an airport used or intended to be used for public purposes – (a) which is under the control of a public body; and (b) whose area is used or intended to be used for landing, take-off or surface maneuvering of aircraft is in public property.
  • Use of funds: This financial assistance “may not be used for any purpose not directly linked to the airport”.
    • At least $ 7.4 billion is available “for any purpose for which airport revenues can legally be used” on condition that 50% “must” be allocated pro rata among all commercial service airports based on each sponsor’s debt service for fiscal 2018 as a percentage of combined debt service for all commercial service airports and each sponsor’s unallocated reserve ratio to their respective debt service.
  • Retention of workers: Airports benefiting from this financial assistance must continue to employ, until December 31, 2019, at least 90% of their employees. However, this requirement:
    • Does not apply to non-primary or non-primary airports; and
    • May be canceled if it is determined that the airport is experiencing economic hardship “as a direct result” of the requirement, or if the requirement “reduces the safety or security of aviation”.
[View source.] Source link

]]> 0
FIS: bank growth, capital market solutions Wed, 07 Apr 2021 23:17:34 +0000

Loyalty information services (FIS) released results on Tuesday, August 4, which show organic growth in banking and capital market solutions at 4% and 3% year-on-year respectively, while it has made progress in synergies following its acquisition of Worldpay in 2019.

Gary Norcross, the chairman and chief executive of FIS, said company employees had a “very strong quarter” despite challenges from the coronavirus.

“The pandemic has been a catalyst, driving us to achieve exceptional results – while maintaining our implementation, treatment and product development commitments to our customers and prospects,” said Norcross.

The executive noted that new sales brought in more than $ 1 billion in total contract value in the second quarter, even with shelter-in-place measures. Norcross said customers are looking for “new ways to turn their legacy technology into a frictionless digital experience.”

Management noted the integration of Worldpay and the associated synergies occur “well ahead of schedule”. For this reason, the company remains on track to meet or exceed its reported revenue synergy targets for the end of 2020.

The company said it achieved annual synergies in the second quarter with revenue synergies of approximately $ 115 million and expense synergies of over $ 700 million.

As for its overall results, FIS reported adjusted earnings per share of $ 1.15 on $ 2.96 billion of revenue for the second quarter. The results exceeded analysts’ expectations for earnings per share of $ 1.10 over $ 2.88 billion in revenue.

“Our second quarter results reflect our ability to leverage the strength of our broad portfolio and the resilience of our business model to successfully position FIS in attractive markets and execute our growth strategy,” Norcross noted.



On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

Source link

]]> 0
Clarification on examples of sources of acceptable letters of correspondence Wed, 07 Apr 2021 23:17:32 +0000
1. What matters is the source, not the content. But I wouldn’t use any offers for credit cards, to be sure it should indicate that you actually have an account and it’s not just mass marketing with no direction.
2. Avoid mobile bills. They are not officially accepted but are not as powerful as broadband / landline. BT broadband is good proof because it is a service provided to a specific address. I will give the same answer I gave to number 1 regarding the content of the correspondence.
3. Yes
4. I have used the Royal Mail redirect confirmation myself and have had no problems. Car rental / insurance letters are not great and should be avoided if possible, but are not necessarily ineligible.

This is mainly my opinion based on observation, but:

Strong evidence: Utility bills for physical services (water, gas / electricity, broadband or landline), municipal tax statements, bank statements or correspondence showing you have an account, official government correspondence (HMRC, DWP, DVLA, UKVI / Home Office, NHS or GP, etc.)
Weaker evidence: Letters regarding insurance, mobile statements / bills, credit card statements, letters from other government regulated entities but not actual government entities (such as registered charities, Royal Mail, National Trust)
Bad proof (do not use unless you have absolutely nothing else): Receipts, invoices, letters sent by utility companies but which do not indicate that you have an account, letters from unofficial sources

Source link

]]> 0
Noemi Smolik on “The Russian Avant-garde at the Ludwig Museum: Original and False” Wed, 07 Apr 2021 23:17:29 +0000

WHAT HAPPENS when a painting is unmasked as false? The colors, the shapes and the brushstroke remain the same, and yet everything has changed. The charm of authenticity, linked to what Walter Benjamin called the “aura” of a work of art, is broken. A moving exhibition organized by Rita Kersting and Petra Mand at the Ludwig Museum in Cologne, titled “Russian Avant-Garde at the Museum Ludwig: Original and Fake” and until February 7, seeks to pick up the pieces, by provocatively associating its works of dubious provenance alongside genuine loans to contextualize the challenges of collecting, selling and conserving works of the Russian avant-garde, whose market has been saturated with counterfeits from the start. By shedding light on this history, the museum, as well as a virtual colloquium it held in early November, not only sheds light on the future of provenance research, but encourages us to investigate the deep contradictions at the very heart of the aesthetic experience. .

In “Original and false”, Lyubov Popova Pictorial architectonic, 1918 — a Suprematist composition similar to a collage of superimposed faceted planes — from the Thyssen-Bornemisza collection in Madrid, hung next to an almost identical canvas belonging to the German institution, the first being distinguished from the second mainly by its thicker and rougher impasto, more pictorial treatment of the surface. While the Madrid painting has been correctly authenticated, the attribution of Ludwig’s painting remains debated. Even more doubtful is the attribution of another Popova, containing a pigment which only arrived on the market after the artist’s untimely death from scarlet fever in 1924. In the case of a work by Olga Rozanova , the material on which it is mounted contains synthetic fibers which, the label explains, did not exist during the artist’s lifetime. With this meticulous rigor, the museum presents these paintings as well as the results of an investigation of several years, during which it takes care to circumvent the word “counterfeit”. It is only false, in the legal sense, when an intention to deceive can be proven.

View of the “Russian Avant-garde at the Ludwig Museum: Original and Fake,” 2020–21.  Left: two canvases attributed to Olga Rozanowa, 1913. Right: two canvases attributed as Ljubow Popowa's Painterly Architectonic, 1920 and 1918 respectively.

Chocolate magnate Peter Ludwig and his wife Irene began acquiring Russian art in the 1970s. Within twenty years the Ludwigs had assembled an internationally renowned collection of six hundred works, first made available to the museum on loan. After Irene’s death in 2010, the property was transferred to the museum. The first suspicions of attribution were raised in the 1980s and have only increased over the years. As a result, the museum’s director, Yilmaz Dziewior, launched an in-depth investigation under the direction of curator Petra Mandt, carried out in three stages of analysis: provenance, style and laboratory. The results were sobering: of the forty-nine images examined, twenty-two were found to be of questionable attribution.

How could something like this happen? Was naivety really responsible for this development? In fact, for a long time almost nothing was known about Russian avant-garde art. It was not until 1960 that Life The magazine published a report by Alexander Marshack titled “The Art of Russia … Nobody Sees” – which drew attention to works purchased by institutes directly after the October Revolution in 1917, but which were languishing. now in museum basements. Two years later, Camilla Gray publishes her book The Great Experiment: Russian Art 1863-1922, the first story of the Russian avant-garde, arousing curiosity for this mysterious art. Auction houses and galleries have followed suit. As no open trade with the Soviet Union was possible at that time, most works traveled west by illegal routes – in diplomats’ bags, in some cases – without documents proving their provenance or means of compare them to authentic examples still locked up. museum deposits. It has brought all kinds of forgers and frauds on the scene.

Founded in Cologne in 1965, Galerie Gmurzynska, now based in Zürich, quickly became one of the leading importers of the Russian avant-garde, and their exhibitions and catalogs made more contributions to the field than perhaps any. other institution. Recent claims by the Ludwig Museum that the dealer sold unreliable attributed pieces – claims rejected by gallery owner Krystyna Gmurzynska, who unsuccessfully requested that the museum make all of its research public – not only suggest far-reaching implications. scope for the collections. around the world, but also pose difficult questions about the integrity of scholarship based on inauthentic specimens – questions that one would have liked the symposium to address a little more. Of the hundred canvases in the Ludwig collection, eighty-one come from this gallery, of which thirty-nine have been analyzed by the museum; the attribution of twelve paintings has already been questioned. The Gmurzynska Gallery, which supports their works, has filed a complaint demanding that the museum make its research public before the exhibition opens. Their efforts were unsuccessful.

This work attributed to Mikhail Larionov Rayonism Red and Blue (Beach) (detail), 1913, is one of many Russian avant-garde paintings in the Lugwig Collection currently under forensic examination.

The difficulty of disentangling the validity of attributions was also demonstrated by the case of the Costakis Collection. George Costakis, a Greek, worked in Moscow for the Canadian Embassy. From the 1940s, he began to collect works still kept in private collections. When he left Moscow in 1977, he transferred much of the collection to the Tretjakov Gallery, housing the rest at the National Museum of Contemporary Art in Thessaloniki. His collection was considered, without a doubt, to be sublime – until it was discovered that there were two paintings attributed to Rozanova that were almost indistinguishable from one another: one known as Green band, 1917, in the Rostov Museum, the other in the Costakis Collection. What was the original and what copy? Even today, experts disagree, as Hubertus Gassner reported at the symposium. There are known cases where an original painting stored in the basement of a Russian museum was quietly replaced with a copy, and the original was later found in the West. The role that official agencies, in particular the KGB, may have played in this disorderly proliferation of Russian art awaits clarification.

Confidence in the Russian art trade was definitely shaken in 2018, when twenty-four works from the hitherto unknown collection of Igor and Olga Toporowskij were exhibited at the Museum of Fine Arts in Ghent. The reviews over their authenticity were so overwhelming that they had to be uninstalled and Catherine de Zegher, director of the museum, lost her job. Earlier this year, the Toporowskij were arrested by Belgian police for trafficking in stolen goods, fraud and money laundering.

During the conference, Friederike Gräfin von Brühl, lawyer specializing in forgeries in art, reminded us of the question of knowing what a forgery means for a painting. If it is not the art object and rather its “aura” that provokes our admiration, “Original and Fake” offers an acid test for contemporary notions of authenticity, exposing how much we still cling to the fatherhood as a guarantor of value, and how quickly, and totally, it can become obscured by doubt.

Translated from the German by Diana Reese.

Noemi Smolik is a reviewer based in Bonn, Germany, and Prague, Czech Republic.

Correction and update [January 20, 2020]: Of the eighty-one paintings in the Ludwig Museum that come from the Gmurzynska Gallery, thirty-nine have been analyzed by the museum so far. The Ludwig disputed the authenticity of twelve of these works, not three, as originally stated. Gmurzynska Gallery retains authenticity from Ludwig’s painting attributed as that of Lyubov Popova Pictorial architectonic, citing “a thorough technical analysis” which “clearly indicates that the pigments and the canvas date from the 1920s”.

Source link

]]> 0
Why Hecla Mining Stock rose 15% in February Wed, 07 Apr 2021 23:17:27 +0000

What happened

Silver and gold miner stocks Hecla mining (NYSE: HL) rose just under 15% in February, according to data from S&P Global Market Intelligence. The price increase has not been smooth, with big spikes towards the start and end of the month which were followed by a drop in the share price. The notable monthly gain was largely the result of the second big price hike, which came towards the end of February.

So what

At the core level, Hecla’s results are determined by the price of the raw materials it produces. And since the results of precious metal miners are leverage on these commodity prices, their stocks tend to rise more than the metals they produce (and may also fall more). So, in some ways, Hecla’s price moves this month were really driven by the price moves of silver, which is a big part of its production mix. Silver prices jumped at the start of the month and again at the end of the month. Hecla share followed this trend, but with a more pronounced price increase. Although both the metal and Hecla’s shares quickly turned after each price spike, the second hike came at the end of the month. The month of February essentially ended when the price was still noticeably higher, even though it had not peaked. The stock continued to follow the gain in early March.

Image source: Getty Images.

That said, Hecla reported profit in February and their reading was pretty good. Part of this is directly linked to the notable increases in the price of silver and gold over the past year. This enabled Hecla to generate nearly $ 90 million in free cash flow in 2020 after spending cash in 2019. However, there was also good news from an operational standpoint, with strong performance on assets. keys. Equally important, Hecla expects 2021 to be a good year in terms of production as well. So while silver and gold prices are big performance drivers, there is still a solid underlying story here at the operational level.

Now what

The highs and lows of Hecla Mining stock in February underscore the inherent volatility of the precious metals sector. It is not a good idea to try to time these often extreme price movements. It’s probably best for long term investors consider precious metals and the companies that mine for them as diversification tools. The goal is to hold a small amount of these assets at all times to help stabilize the performance of your overall portfolio.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

Source link

]]> 0
Valley Bank Releases 2020 Corporate Social Responsibility Report Wed, 07 Apr 2021 23:17:25 +0000

Highlights the response and commitment to communities during a tumultuous year

Valley National Bancorp, based in Wayne, the holding company of Valley National Bank, released Catalyst For Change, the bank’s 2020 Corporate Social Responsibility (CSR) report that highlights the bank’s commitment to help build stronger communities and to advance its mission of promoting social and economic justice. To view the full report, click here or visit

Here are some highlights of our community support in 2020:

  • $ 3.6 million in total charitable donations
  • $ 575,000 allocated to 14 food banks and pantries across their geographic footprint
  • More than $ 2.5 million invested in COVID-19 related funds that support LMI organizations and businesses
  • ~ 13,000 businesses helped with Paycheck Protection Program loans totaling $ 2.3 billion in funding
  • Development of the CD Community Pledge resulting in over $ 2 million in support to 264 organizations across NY / NJ / FL / AL
  • 2,136 loans to small businesses in low to moderate income areas
  • Conducted a webinar program titled Journey to Homeownership to educate clients
  • Expanded Valley Women in Business Program
  • Hiring of a Chief Diversity Officer and launch of the Valley Associate Resource Group (ARG) program to foster an inclusive culture

“For Valley, 2020 has been a defining moment in our history, as we have lived up to our goal and demonstrated the positive impact that a bank can have on local communities,” said Bernadette Mueller, vice-president executive president and responsible CSR-CRA Oofficer. “Standing up for our communities and providing them with the support they need to thrive isn’t just our responsibility, it defines our purpose as an organization. The events of the past year; a global pandemic, economic turmoil, political divide, and social and racial injustice – have all challenged us to come together as a society and organization to address these issues. “

As local communities begin to recover from the effects of a global pandemic, Valley continues to expand its programs, community engagement opportunities and partnerships in 2021. Valley remains committed to its four CSR pillars which include promoting affordable housing, inspiration for innovation and entrepreneurship, economic stimulation and community development and living its commitment to impactful local leadership.

To access more business news, visit NJB News Now.

Related Articles:

Source link

]]> 0
Who wants to borrow a ruckman? Dimma supports the player loan system Wed, 07 Apr 2021 23:17:23 +0000

RICHMOND coach Damien Hardwick has proposed a loan scheme allowing players to trade clubs during the season as the Gold Coast ruck crisis forces the Suns to search their ranks to fill the void.

The Suns will be without skipper Jarrod Witts for the rest of the season after his anterior cruciate ligament tear, which means they don’t have a recognized fit ruckman on their roster.

They will have to wait until the mid-season draft in June to add a ready-made replacement, but the Tigers coach has said he supports a loan deal that would allow clubs to trade players for short periods. if they met a specific need.

He cited 20-foot Richmond freshman ruckman Samson Ryan as an example of a player who could benefit from a loan scheme.

RUCK OPTIONS The big men who could become Suns in the mid-season draft

“Anything that gives a young player the opportunity to play, I love it,” Hardwick said on Wednesday.

“We have a young child by the name of Samson Ryan that we would love to lend him. At the end of the day, this kid – we’re really excited about what he’s going to bring – but we have (Callum) Coleman-Jones, we have Mabior Chol, we have Samson.

“So he’s sitting there playing forward in VFL football. Not that I would like to give them Samson if he plays against us, but anything that gives a player the opportunity to play AFL [level] we should watch, absolutely. “

Samson Ryan in action at the 2020 Queensland NAB AFL combine. Image: AFL Photos

A loan model has been around for some time in football competitions around the world and also in the NRL.

The AFL proposed a ‘waiver’ type system last year after each of the first three months of the season instead of a mid-season draft where clubs could sign substitutes, but it faced opposition clubs that have indicated that they have not done so. have the means to cover it.

The Tigers will consider adding Chol to their roster this Friday night for their clash with Port Adelaide, to help fight the Power ruck duo of Scott Lycett and Peter Ladhams.

Richmond will have a number of changes for the Adelaide Oval shock, with Dion Prestia (hamstrings) and Kamdyn McIntosh (concussion) ruled out. The club expect Trent Cotchin to make the trip and Bachar Houli is also in line for a recall for his first game since last year’s Grand Final after returning to the VFL last week.

Hardwick has confirmed that the Tigers will also play at least one newbie and maybe two, with Will Martyn and Riley Collier-Dawkins in the running. Another youngster who lobbied for a first game, Hugo Ralphsmith, has accepted a one-game suspension for hitting in the VFL and will therefore not be available for AFL selection.

Winger Patrick Naish is also firmly in his first game of 2021 after a dominant VFL performance last week.

Richmond’s Riley Collier-Dawkins in action against Collingwood in the AAMI 2021 community series. Image: Getty Images

After last week’s brawl at the hands of the Swans, Hardwick said the reigning prime ministers were ready to respond against one of their challengers for prime minister.

“Sydney, to their credit, had a great game. We didn’t play particularly well. We can sit down and judge each other on one game, but I’m a pretty proud coach of a pretty proud group of players. us over the next four weeks, see how we’re doing then, ”he said.

Source link

]]> 0
Louisville City FC sign MLS Portland loan Jorge Gonzalez Wed, 07 Apr 2021 23:17:21 +0000

to play

Louisville City FC have three more weeks to go until the start of the season, but the team continue to find ways to strengthen their roster, as evidenced by their last edition of Major League Soccer.

LouCity and the Portland Timbers have reached a loan deal that adds midfielder Jorge Gonzalez to Louisville’s roster for the entire season, the team announced on Friday. Gonzalez, 22, is already part of the squad and will be eligible for Saturday’s exhibition game against Chattanooga FC.

“It’s a win-win situation for us and Portland,” said John Hackworth, head coach and athletic director of LouCity. Hackworth says he sees Gonzalez as adding depth to LouCity’s offensive abilities.

“He fits the profile in terms of technical and tactical abilities, but he’s also a very good person who will increase the competitiveness for playing time on the court,” Hackworth said.

Gonzalez, a transplant from Valencia, Spain who moved to the United States in 2016, played for the Portland Timbers 2 of the USL Championship last season, where he totaled eight goals in 10 appearances.

Following: Louisville City FC 2021 schedule unveiled includes 16 home games

“I’m really excited to be here after a long time without being on the pitch,” said Gonzalez. “I can’t wait to play my first game at Lynn Family Stadium. Louisville City FC have always been a great looking team. It’s great to join them for the season.”

Gonzalez is the sixth new member to join a veteran squad that includes 18 main players who returned from the Eastern Conference Finals last season. LouCity will start its season by hosting Atlanta United 2 at home on April 24. The team’s full regular season schedule is available on their website.

Also: Louisville City FC to compete in 16 US Open Cup teams

Contact Jonathan Saxon at or 502-715-1393 and follow him on Twitter at @TheSleepyScribe.

Source link

]]> 0
Muskegon County jurors should expect a very different setup for jury trials during the pandemic Wed, 07 Apr 2021 23:17:20 +0000

MUSKEGON, MI – After months of being closed to the public, except by appointment only, the Michael E. Kobza Courthouse in Muskegon County opened this week.

In less than three weeks, the courthouse will host something that has only happened twice in the past 12 months during the coronavirus pandemic at the county courthouse – jury trials.

In accordance with state guidelines for COVID-19, those called on to serve on the jury shouldn’t expect things to look like they did before the pandemic, at least not for a while. Muskegon County Deputy Chief Prosecutor Timothy Maat said.

Potential and selected jurors will be screened for COVID at the entrance to the building, will need to maintain appropriate social distancing and wear masks, Maat said. Those called upon to serve, he said, will be expected to serve, but if they have concerns related to COVID, the judges will rule on them on a case-by-case basis, as they would for any other reason given for. explain why a person does not think they can serve.

RELATED: Michigan Courts Prepare for Resumption of Jury Trials After Pandemic Creates Massive Backlog

“The biggest problem is going to be choosing the jury, bringing in 50 to 60 people,” said Maat. “But the members of the jury will meet in different places in the building and once the jurors have been made up, the three judges have assigned their courtrooms so that the jurors are not only seated in the jury boxes, but in the gallery where the public would normally be seated. “

Michigan courts, including those in Muskegon County, are preparing and implementing additional coronavirus safety precautions in courtrooms to hold jury trials. Courts in Muskegon County are currently listed in Phase Two, which means limited public access, of the Return to Activities guide established by the Michigan Supreme Court.

Can’t see the map? Click here.

Despite the increased backlog of jury trials, the Muskegon County Deputy District Attorney does not expect it to take long to clear them. Some counties in Michigan expect it to take years to catch up.

With just two cases going to trial in October when judicial restrictions were briefly relaxed, courts are starting to process about double the trial load they’re used to, Maat said.

RELATED: Plastic tarps and hockey-style penalty benches: What jury trials will look like in Michigan courtrooms

Maat said there are currently about a half-dozen murder trials set to go, with half a dozen more yet to be scheduled. The two oldest cases, he said, are around two years old, but both have experienced delays that don’t just have to do with the pandemic.

Although only two jury trials have taken place since last March, the courts have remained busy and have continued to resolve a large number of cases they see, so that the total number of cases to be tried, around 150 currently doesn’t look much different, says Maat.

RELATED: How Michigan courts determine when to hold jury trials again after pandemic closes

“The number of cases that go to jury trial is not significantly higher than normal,” he said. “The number of cases likely to be tried by jury is significantly higher. “

In an average year, Maat said, Muskegon County sees about 15 to 20 cases going to trial. Of those currently defined, the deputy chief prosecutor predicts that about double that number will go before a jury.

RELATED: Safety tops list as jury trials resume in Michigan after coronavirus shutdown

“I may be too optimistic, but I honestly think we can return to a normalized role in a few months,” Maat said. “I’m sure some people will laugh at this.”

Also on MLive:

Muskegon teenager who helped cover up murder of former classmate sentenced to prison

Portage man accused of killing and burying his parents to undergo psychological assessment

Suspect in 1989 Girl Murder Says His Wife’s Body Was “Right Under Your Nose”

Source link

]]> 0
Utah Democrats to Introduce ‘Necessary Tax Relief’ Legislation for Small Businesses Wed, 07 Apr 2021 23:17:18 +0000

SALT LAKE CITY (ABC4) – Utah House Democrats say they are drafting legislation to give some small business owners “needed tax relief.”

A Thursday morning statement said tax relief legislation will apply to loans made to small businesses in Utah under the federal paycheck protection program.

“Although Congress has exempted the canceled P3 loans from federal income tax, Utah currently plans to treat the canceled loans as taxable income,” House Democrats said. “This means that many small business owners who have taken P3 loans to keep their businesses open during the pandemic are at the mercy of thousands of dollars in taxes owed to the state. “

Representative Suzanne Harrison (D-Draper) says this legislation is important for small businesses in Utah.

“Small business owners are the backbone of our state’s economy,” she explains. “With the fiscal position of our state seems relatively solid compared to other states, we should support our struggling small businesses as much as possible. This legislation will give the many small family businesses that survived the economic downturn a well-deserved boost. ”

The bill will be made public and introduced this week.

On Monday, President Joe Biden announced changes that would target more federal assistance in the event of a pandemic to the country’s smallest businesses and businesses owned by women and people of color.

Biden says a lot mom-and-pop companies “have muscle” by big business looking for federal funds at the start of the pandemic. He said the changes taking effect on Wednesday would bring long-awaited help to those small businesses he said are “crushed” by the economic downturn caused by the pandemic.

“America’s small businesses are hurting, hurting a lot, and they need help now.”

Source link

]]> 0