Hardouin http://hardouin.info/ Fri, 07 May 2021 13:51:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 The New York Times beats revenue estimates on higher digital subscriptions https://hardouin.info/the-new-york-times-beats-revenue-estimates-on-higher-digital-subscriptions/ Wed, 05 May 2021 11:08:50 +0000 https://hardouin.info/the-new-york-times-beats-revenue-estimates-on-higher-digital-subscriptions/

Bloomberg

Covid shockwaves brought poverty in Latin America to a new Nadir

(Bloomberg) – The Covid-19 pandemic has sparked a wave of poverty in Latin America, exacerbating declines that began in the past decade and plunging millions of people into extreme poverty. 22 million people – the equivalent of everyone in New York State – join the ranks of the poor from 2019 to 2020, unable to meet basic needs. In total, about a third of the approximately 600 million people in Latin America live in poverty or what the United Nations defines as extreme poverty: living on less than $ 1.90 a day. due to the intensity of the pandemic and the severity of its recession, the worst in two centuries. The region accounts for around 30% of Covid-19 deaths globally, despite having only 8% of its population. Its economy contracted 7% last year, more than double the decline of any other region. The crisis is distorting societies large and small. A huge library and cultural complex in Rio de Janeiro has become a besieged and besieged soup kitchen. In Bogota, idle musicians serenade the wealthy, who toss bags containing small bills with a coin or two for ballast at them as they fall from the balconies of luxurious apartments. In Mexico City, even lawyers resort to pawn shops. Workers who have achieved precarious stability find themselves unemployed. People working in the large informal sector find that traditional networks of casual employment are disrupted. For the unlucky ones, life is reduced to a constant search for food: in Calle Monte de Piedad in Mexico City, lawyer Juliana Ortega Aguilar, 36, waited in front of the charity that gives her name to the street. This centuries-old institution was founded to provide affordable loans to the poor. Inside, Ortega’s mother was pledging jewelry; the legal office where her husband works has closed amid the pandemic. Ortega said few cases are coming to his own desk. “We are a house full of lawyers, but there is no work,” Ortega said. “We all have to pay a rent or a mortgage, the electric bill and even if the kids don’t go to school, they have to eat and they get sick.” Across the region, people who have reached the middle class are After years of renting in La Plata, Argentina, Romina Bravo, 44, and her husband in 2017 bought a three-bedroom house where Benicio, 7 years old, and Valentino, 14, could grow up. They took out a government-promoted mortgage with payments linked to inflation, which was supposed to go down, but it skyrocketed, due to a lack of confidence in the peso and failed government controls. prices. Bravo lost his job at the bank for 22 years just before the pandemic, and his new job as a court administrator pays the equivalent of about $ 320 a month, a fraction of his previous salary. A mortgage payment freeze has just expired. Bravo put the house up for sale in March. “It’s either I eat or I pay,” Bravo said. “I hope for help. Otherwise, I’ll be the next kicked out. Latin America had made progress over the past decades. In 2019, half of its university-age population was enrolled in some form of higher education, up from 23% in 2000, according to Unesco. The middle class grew to 46 million households in 2018, from 33 million a decade earlier, Euromonitor estimated. Many countries have finally put an end to soaring inflation. Stable policies and currencies have paved the way for foreign investment and job growth. Brazil hosted the Olympics; Argentina held the G20 summit; Facebook CEO Mark Zuckerberg has chosen Colombia for its first international town hall. The region’s only dominant economic driver has always been the exports of raw materials such as soybeans, beef and metals. China’s demand for these materials, a catalyst for growth in the 2000s, is on the rise again, sparking prices and giving policymakers hope for growth. But governments remain heavily in debt – Argentina, Ecuador, Suriname and Belize have all restructured their sovereign debt amid the pandemic – and few have money for social spending that could keep citizens afloat . progress is unraveling. The region lost more than 34 million jobs during the pandemic and workers saw more hours reduced than in any other region, according to the International Labor Organization. Instead of reaping the economic reward from rising commodity prices, the poor often perceive them as soaring food prices. Millions of Venezuelans, fleeing a broken and mismanaged country, have spilled over into the region, adding acute challenges. Public anger is spreading: In the face of its worst contraction on record, Colombia is trying to contain its budget deficit and ‘avoid your credit rating. downgrades likely to drive up borrowing costs. This week, the government shelved a plan to raise taxes after deadly street protests. “This is really bad news everywhere. Unless there are serious changes in social protection structures in the region, the outlook is not bright, ”said Santiago Levy, a former senior Mexican official who is a senior researcher at the Brookings Institution in Washington. “There is going to be a long term loss of human capital.” In Mexico City, the pawn shops are filled with artifacts of a better life. People – most of whom never surrender their guarantees – have left engraved gold wedding rings, refrigerators and washing machines. On a recent visit, those in the historic city center donated video game consoles, GoPro-type cameras, hair straighteners and blood pressure devices. An employee said she even accepted a gold vial with a teaspoon that appeared to have been designed for cocaine. “The middle class is no longer the middle class,” said Erika Guarneros, who buys and sells gold at her family’s stall. “He basically became the poor class.” Many Latin American governments provide social assistance to those who do not have formal employment. At the same time, they are increasingly focusing taxes on businesses and wealthy citizens to fund these expenses. The researchers warn of a scenario where companies hire less, productivity declines, and highly skilled workers simply quit or look for jobs off the books to avoid taxes. Ultimately, governments lose revenue even as the demand for aid increases. “It’s a vicious circle,” says Agustin Salvia, research director at the Argentine Social Debt Observatory in Buenos Aires. “The trend is ultimately towards economic paralysis in terms of job creation, productivity and wages in the informal sector which are poorer.” The informal sector makes up at least half of the region’s workforce, with people finding jobs where they can, often for money. The crisis disrupted traditional labor markets: in Bogota, musicians for years used business cards and word of mouth to find stable work, and mariachi troops could be hired directly from the streets. But since the pandemic ended weddings and quinceaneras, affluent neighborhoods have been filled with wandering musicians playing everything from folk tunes to opera. The business of “balconeo,” or singing on balconies, did not exist 18 months ago, said Enrique Gutierrez, who plays a small guitar known as a cuatro. “We sincerely hope we don’t bother you,” Maryoris Cordero, the lead singer for her band, said from the empty windows of an upscale building, speaking through a small amplifier. The toll of a harp rippled through the neighborhood as they sang llanero songs from the cattle grazing plains. After six hours of walking and playing, each of the four group members usually won around $ 7. when those labor markets collapse. Harpist Elio Materan, who is married to maraca player Karla Rivero, said their 9-year-old daughter Karlieth was chained to their schedule. Materan said. “When she has virtual lessons, she stays with her mother and I go out with the other members of the group.” The likelihood of an underprivileged Latin American child graduating from high school fell by around 20 percentage points last year, the lowest level since the 1960s, according to University professor Nora Lustig by Tulane. Meanwhile, graduation rates for wealthy children have barely budged. “It’s a huge shock that could turn into a lasting scar,” Lustig said. Income recovers with economic growth, she said. Nowhere is replacing aspiration with despair more literal than in Rio de Janeiro’s Biblioteca Parque Estadual, the hub of a network of state libraries where thousands of people have come to collect books before. the pandemic. Today it is hosting a massive feeding operation: nearly 19 million Brazilians have gone hungry in the past year, according to food security researchers. This is almost double the amount the government says it was in this situation in 2018. In the beginning, the emergency payments helped a lot of people stay fed. But aid has been drastically cut – and halted completely in the first three months of this year – as President Jair Bolsonaro grapples with a worsening budget crisis. In Rio, the national human rights agency man distributes around 4,500 meals a day and manages the library site. The city’s poorest – the homeless, the elderly, sex workers, the mentally ill and the unemployed – crowd behind metal barriers before breakfast, lunch and dinner.Leonardo Bispo Dos Santos, 44, used to come to the library to watch movies and use the Internet. Then the furniture removal company where he worked went bankrupt. Now he comes to feed. “After breakfast, I’m heading straight for lunch,” he said as the line started to move on a recent Friday. “If you don’t get there early, you don’t eat.” For nearly an hour, the hungry climbed in front, and other agents arrived on motorcycles to restore calm. Bispo Dos Santos hugged aid workers and stuffed an aluminum container with rice and vegetables. beans in his backpack. “It’s survival,” he says. He walked to the back of the line to restart the cycle. For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted source of business news. © 2021 Bloomberg LP

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A review of the things you need to know before you go home on Tuesday; some retail rate changes, auction rooms have calmed down, Westpac warns about earnings, stable swaps, NZD company etc. https://hardouin.info/a-review-of-the-things-you-need-to-know-before-you-go-home-on-tuesday-some-retail-rate-changes-auction-rooms-have-calmed-down-westpac-warns-about-earnings-stable-swaps-nzd-company-etc/ Tue, 27 Apr 2021 00:58:03 +0000 https://hardouin.info/a-review-of-the-things-you-need-to-know-before-you-go-home-on-tuesday-some-retail-rate-changes-auction-rooms-have-calmed-down-westpac-warns-about-earnings-stable-swaps-nzd-company-etc/

Here are the key things you need to know before you leave work today.

CHANGES IN MORTGAGE RATES
BNZ has withdrawn its unique seven-year fixed mortgage loan offer. A non-existent demand is at the origin of the movement.

CHANGES IN THE TERM DEPOSIT RATE
Kiwibank and Heartland Bank today raised some rates on term deposits. More here.

QUIETER, WITH LESS SUCCESS
Auckland real estate agent Barfoot & Thompson saw his drop in auction success rate just 50% of last week’s activity as housing market activity slumps from its very active pre-Easter levels.

COLLATERAL DAMAGE
Diana Clement find there are many relatively common cases where the new denial of interest deductibility will hit first-time buyers hard, and she finds confusion over the definition of “new construction”.

OPENING OF THE ASB BOND OFFER
ASB has now provided More details of its wholesale fundraiser. It will be a five-year bond, and research $ 100 million “with unlimited oversubscriptions.” The indicative interest rate will be the five-year swap rate (currently around 1.04%) plus a spread of between 0.55% and 0.60% per annum. So about 1.61%, which is actually less than what they are offering retail investors for a five-year term deposit (1.75% per annum).

BIG RED EMBARRASSÉ
Westpac warned today, the Group’s six-month banking result was weak, with losses and write-downs in a set of six issues. This included a loss of A $ 113 million on the sale of Westpac Pacific. The bottom line was although they had a gain of + A $ 288 million from its initial investment in Coinbase, and another + A $ 18 million from its stake in BNPL Zip Co.

EXPECTATIONS EXPECTATIONS
South Korea’s preliminaries Q1-2021 GDP have shown that their economy is now above its pre-pandemic size. The recovery gained momentum, aided by strong exports and a pickup in domestic demand. Despite the expected headwinds (such as the return of the virus), South Korea is on track to be the first in this region to return to normal monetary policy.

GOLD SLIPS
After hitting US $ 1,781 in New York earlier today, it fell back to US $ 1,776 in early Australian and Asian exchanges.

EQUITIES SLIP AGAIN
The S & P500 ended today’s session slightly higher + 0.2%. Shanghai it opened -0.5% lower and Hong Kong is -0.2% lower when they opened. The very large Tokyo market opened down -0.3% at the start of trading. The ASX200 was down -0.4% at the start of the afternoon while the NZX50 Capital index was stable at the end of the session.

SWAPS & BONDS FIRM
We do not yet have today’s closing swap rates. If there are any significant movements today, we will note them here later when we have the data. They are probably little changed. The 90-day bank invoice rate is unchanged at 0.35%. The benchmark ten-year Australian government rate is up +2 basis points from yesterday at 1.69%. The 10-year Chinese government bond was up + 3bp to 3.21%. And the ten-year New Zealand government is up +3bp to 1.62% and now above the level of the RBNZ’s previous fixation at 1.60% (+4bp). The ten-year US government stands at 1.58%, similar to Friday’s level.

NZ SWEETER DOLLAR AFTER THE FIRM PERIOD
The Kiwi dollar is now at 72.1 USc after rising yesterday. Against the Australian, we are softer at 92.6 AUc. Against the euro, we are firmer at 59.8 euro cents. This means the TWI-5 is up slightly at 73.8, although it’s a bit lower than where we started this morning.

BITCOIN COLLECTORS
The price of bitcoin is now at US $ 53,932 and + 9.0% higher than this time on Friday. Basically he’s back to where he was for most of the week before the last one. But he was very unstable between the two. Over the past 24 hours, volatility has been less extreme at +/- 2.4%.

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Buffalo Bills 7 rounds of 2021 mock draft: team adds Edge Rusher rising in draft tables https://hardouin.info/buffalo-bills-7-rounds-of-2021-mock-draft-team-adds-edge-rusher-rising-in-draft-tables/ Mon, 26 Apr 2021 11:04:31 +0000 https://hardouin.info/buffalo-bills-7-rounds-of-2021-mock-draft-team-adds-edge-rusher-rising-in-draft-tables/

Very little information is being leaked from One Bills Drive these days. GM Brandon Beane and his company are running a pretty tight ship, so it’s unclear exactly where the team will go from Thursday night in the 2021 NFL Draft.

the Buffalo Bills come out of a 13-3 season that saw them make it through to the AFC Championship game. With few glaring needs, Buffalo can go in a variety of directions in this year’s draft. While Bills don’t leak much information, this mock draft has been compiled using some of Beane’s quotes – and a quote from Sean McDermott – since the end of the 2020 Buffalo season.

With that in mind, here is my last fictitious draft before Thursday night.

1 (30): Joe Tryon, DE, Washington

Quote from Beane: “We’ll be thinking long term more than short term,” Beane said. “I think there are other guys that we have on the set, where we’re going: ‘This guy is a hell of a player, but he’s not going to start on day 1, but we’re going to be counting on him and maybe be that in a year he will leave. be the starter. We’re going to have a player who is in the last year of their contract, and he’s going to kind of support that player, learn from him, compete with him, but we don’t necessarily expect him to start.

If the Bills think long term at Pick 30, there’s no better position to approach than defense. Jerry Hughes and Mario Addison are both over 30 and in the final year of their respective deals with the Bills. AJ Epenesa, last year’s second-round pick, will likely be heir to one of the starting jobs, but the squad don’t have a second option. Enter Joe Tryon.

Try, my second round pick in my previous simulation project, has been stealing drawing boards lately and is in the process of being seriously discussed as an end-of-first-round pick. Benjamin Allbright, an NFL insider from Denver, recently reported that Tryon will be leaving sooner than some think.

The defensive end recorded eight sacks and 12.5 tackles for a loss in 2019 in his sophomore, but hasn’t had a chance to capitalize on that campaign after choosing to retire from the 2020 season. Tryon has shown that the year off did not affect his athleticism by posting an elite relative athletic score on his professional day.

At 6-foot-4 and 259 pounds, Tryon has a build similar to many defensive ends on the Buffalo roster. Tryon can fit into training as a rookie while taking on a starting role in 2021.

Other potential options: Jayson Oweh, Gregory Rousseau

2 (61): Quinn Meinerz, IOL, Wisconsin-Whitewater

Quote from Beane: (See Round 1)

In addition to thinking long term on board rusher, Beane thinks the same when it comes to his offensive line. The Bills enter 2021 with Cody Ford, Mitch Morse and Jon Feliciano as starters inside their offensive line. There’s also some depth there too with Forrest Lamp, Ike Boettger, Jamil Douglas and Jordan Devey, but Beane doesn’t think about depth with Meinerz. No, Meinerz is said to be Mitch Morse’s heir in the center.

Morse, 29, has suffered at least five documented concussions during his professional career. He missed most of training camp and preseason in his first season with the Bills and suffered a concussion last season against the Patriots. By now Morse has been able to come back but Buffalo has to start thinking about finding his replacement. His contract runs until 2022, but Buffalo can release Mitch Morse next spring for a dead cap of $ 3.75 million and $ 7.5 million in savings.

Meinerz, a small school prospect, warned the league at Reese’s Senior Bowl. He has the ability to play anywhere along the Buffalo interior and has a future at the center. As a rookie, Meinerz may become Buffalo’s best indoor lineman while also taking the center spot in 2022.

Another potential option: Josh Myers

3 (93): Tommy Tremble, TE, Notre Dame

Quote from Beane: “We never really had that position,” Beane said. “By the end of the year I thought we had done a bit, Dawson started to have his pace. But that was never where the opposing defense was like, ‘man, we’ve got to keep their tight ends from going off.’ So we’re going to take a look at this group … we have guys here that we want to continue to develop and see what happens. Obviously, if there are ways to add competition, either in free will or in the project, we would as well. “

Brandon Beane has added Jacob Hollister to the team’s list in free agency. Starting in 2021, the team will include Hollister, Dawson Knox, Tommy Sweeney, Nate Becker and FB / TE Reggie Gilliam. It’s entirely possible that Beane would roll with the unit above, but there’s a lot to love about Aspen. The tight end is one of the best blockers in the draft class and it only scratches the surface of his pass-catching ability.

“I think for the next level, what I’m going to bring is a guy who’s a complete tight end – a guy who can do anything,” Aspen said. “My biggest strength is my versatility in all aspects of the game. No matter what other people say, they haven’t seen me do it all like this yet. They only saw a tiny part of it.

Buffalo’s happy offense will improve further if they can make Aspen the all-out threat he has the potential to be in the NFL.

Another potential option: Hunter Long

5 (161): Anthony Schwartz, WR, Auburn

Quote from McDermott: “You never want to lose your fastball, in terms of what we were able to do last season,” McDermott said. “We thought it was important, Brian [Daboll] and me, brandon [Beane] also, to make sure we don’t lose our fastball.

The Bills have Stefon Diggs, Cole Beasley, Emmanuel Sanders, Gabriel Davis, and Isaiah McKenzie as their top five recipients. The competition behind the quintet includes Isaiah Hodgins, Jake Kumerow, Tanner Gentry, Duke Williams and Brandon Powell, but that doesn’t mean the team have to sit idly by at the post.

In round 5, Buffalo adds Anthony Schwartz of Auburn. What does Schwartz add to Buffalo’s expansive reception hall? Blazing speed. The catcher was the 2018 Gatorade Men’s National Track and Field Athlete of the Year. On his pro day, Schwartz was recorded with a 4.26-40 yard scorecard. The wide receiver is raw and in need of development, but he can be an out-of-the-gate gadget player and possibly fight for the team’s slot role.

Another potential option: Dazz Newsome

5 (174): Khyiris Tonga, DT, BYU

Quote from Beane: “Our running defense hasn’t always been the best,” Beane said after the 2020 season. “We lost a bit of beef on the inside…”

Brandon Beane was referring to the team losing Jordan Phillips in free agency and then Star Lotulelei withdrawing from the 2020 season. Lotulelei will return in 2021, but Buffalo still has to add extra beef. This is where Tonga comes in.

At 6-foot-4 and 322 pounds, Tonga provides Buffalo’s defensive line with beef behind Lotulelei. Tonga has been a great runner-up at BYU and can bring that to the Bills.

Another potential option: Tedarrell Slayton

6 (213): Darren Hall, BC, San Diego State

Quote from Beane: “(Dane Jackson) has got some height, a straight line (speed), but no need to stop-start or faster than fast, or something like that. He’s a young man who we think will be able to compete to start next year. We will obviously be competing for it. But he’s a guy we have high hopes for as a young player and who has shown us that it’s not too big for him.

Buffalo appears to be keen to give Jackson the opportunity to win the No.2 position against Tre’Davious White, which is why the team don’t address the cornerback position until late in the draft. At Darren Hall, Buffalo adds a explosive athlete which they met twice during the drafting process.

Lance Zierlein of NFL.com thinks Hall may be best placed in a zone defense.

Another potential option: Deommodore Lenoir

7 (236): JaCoby Stevens, LB / S, LSU

Quote from Beane: “It’s a difficult point because there is a lot of mind that goes into this great nickel role.”

Brandon Beane certainly gave the impression that finding a big nickel in defense was not a high priority in the draft during his press conference with the media last week. That said, if a versatile prospect falls into their rounds late in the draft, Buffalo could still go that route.

Buffalo met JaCoby Stevens during the draft process and former LSU Tiger has the makings of a big nickel. He’s a bit undersized to be a linebacker (6-1 / 2, 212 pounds) and a bit too fat to be a safety at his current weight. At the end of the draft, the team only looks at one player they hope to develop.

Another potential option: Christian Uphoff

READ MORE

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Who offers short term auto insurance? – Councilor Forbes https://hardouin.info/who-offers-short-term-auto-insurance-councilor-forbes/ Mon, 26 Apr 2021 11:00:23 +0000 https://hardouin.info/who-offers-short-term-auto-insurance-councilor-forbes/

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors.

Car owners traditionally buy auto insurance policies with a term of six or 12 months. But in some cases, you might be looking for a short term policy.

Industry-backed Insurance Information Institute spokesperson Mark Friedlander says drivers typically buy short-term auto insurance policies that cover 30 days or less when they don’t need coverage only for a limited time.

Just like with traditional auto insurance, the price of short-term coverage varies depending on the options you choose and the type of policy you purchase, according to Friedlander. You can choose liability-only coverage, he says, or choose more extensive coverage that includes collision insurance and comprehensive insurance.

Why would you buy short term auto insurance?

Trusted Choice, a network of independent insurance agents, says car owners might purchase short-term auto insurance for reasons such as:

  • You are in the process of switching from one insurer’s long-term coverage to another and you have already abandoned your previous coverage.
  • You temporarily lend your car to a relative, friend, or other person who will be excluded from your regular auto insurance policy. Short-term coverage applies to your vehicle when it is driven by a relative, friend or other person.
  • You sell your car and must cover the vehicle when it is driven by potential buyers who will not be covered by your regular policy.

Before you decide to look for a short-term auto insurance policy, talk to your auto insurance agent to make sure your regular auto insurance policy won’t cover your situation.

Trusted Choice points out that if you had to file a claim on a short term auto insurance policy, it wouldn’t jeopardize any claims free discount you might have on a long term policy.

Friedlander notes that a typical short-term auto insurance policy lasts for 30 days, even if you only need the coverage for a day or a week. As with traditional policies, the pricing of short-term coverage depends on factors such as:

  • Vehicle type
  • Intended use of the vehicle
  • Your automobile insurance history
  • Vehicle model
  • Your credit-based insurance score (States that limit the use of credit in setting auto insurance rates are California, Hawaii, Michigan, and Massachusetts)

Who sells short term auto insurance?

Short term auto insurance is not widely available. While auto insurance companies typically do not post month-long insurance policies on their websites, Forbes Advisor found that these companies had made deposits with state insurance services to provide information. One month auto insurance policies:

  • American Hallmark Insurance Co. of Texas (1 month auto insurance policies available only as renewal policies)
  • Direct General Insurance Co.
  • First Acceptance Insurance Co.
  • National Unity Insurance Co.
  • Old American County Mutual Fire Insurance Co.
  • Young America Insurance Co.

Why Auto Insurance Companies Don’t Like Short-Term Policies

Friedlander says most state and regional insurance companies don’t offer short-term auto insurance policies. Why? For insurers, the risk of offering short-term coverage outweighs the benefits of selling that type of coverage, he says. That’s why insurers normally sell auto insurance policies with a term of six or 12 months, he says.

Other ways to get short-term auto insurance

So what if you are unable to purchase a 30 day auto insurance policy? The alternatives include:

  • Automobile insurance for non-owners. If you don’t own a car but need coverage, non-owner auto insurance may be an option. This coverage can be a good choice if you frequently rent cars so that you don’t have to purchase liability insurance from a car rental company. Or it could fill the insurance void when you’re in between vehicles.
  • Cancellation of a standard auto insurance policy. You can purchase a standard auto insurance policy and cancel it once you no longer need the coverage. Keep in mind, however, that the insurer may charge a fee if you cancel the policy before it expires. Also, keep in mind that you may need to line up other coverage for your vehicle if you cancel an auto insurance policy.
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New ‘predatory’ Illinois law caps payday lenders https://hardouin.info/new-predatory-illinois-law-caps-payday-lenders/ Mon, 26 Apr 2021 11:00:00 +0000 https://hardouin.info/new-predatory-illinois-law-caps-payday-lenders/

When Cobi was 23, he had a stable job, but that didn’t allow him to save money and leave his mother’s house on the West Side of Chicago.

He planned to supplement his income with additional employment. To do this, he had to buy a laptop and a camera, but he didn’t have the money for these purchases.

When money was tight at home, her mother received money from payday loan stores.

“She didn’t do them frequently, but I remember several times she did them,” Cobi said. “So you know I said, ‘OK… if she did… why not?’ “

We only use Cobi’s first name because he doesn’t want his current employer to know about his financial history.

Looking back, he said it wasn’t difficult for him to find a payday lender because there were so many in his neighborhood. And it was a quick process: the worker who helped him didn’t ask him a lot of questions.

Cobi asked for $ 200 and was offered $ 450. He took it knowing he would have to pay it back on his next paycheck.

But then her mother got sick and was in the hospital.

When payday rolled around, he was surprised at the $ 600 charge on his bank account. He had no money and his bank account was negative. His bank then charged him an overdraft fee.

He did not know what to do.

Cobi must have wondered, “Should I take care of my family or pay the bank back?”

Cobi said he didn’t have any money. The bank ended up closing its account for lack of payment.

Payday loans are meant to be small, short term loans. They are available for people who need quick cash and don’t have access to another option, such as a traditional bank or a credit union. But these loans are also known to carry high interest rates, up to 400% in some cases.

“I think the process went a little too fast to the point that I don’t remember their focus on the interest and how much it was going to be,” Cobi said.

Stories like Cobi’s prompted Illinois lawmakers to respond. The state is now one of 18 that caps interest rates and fees on payday loans after Illinois’ Predatory Loan Prevention Act was enacted by Gov. JB Pritzker last month.

Illinois State Senator Jacqueline Collins represents parts of the South Side of Chicago and the Southern Suburbs. She co-sponsored the measure and called these types of high interest loans “predatory”.

“The legislation will cap payday loans at 36%, installment payday loans at 36% and auto title loans at 36%,” Collins said. “Even what I’m feeling is a predator, but it’s the best we can do at this point.”

Collins says it’s no accident that these types of businesses are moving to communities of color.

“It’s really the result of redlining and segregation, because what happened is that segregation really created opportunities for economic exploitation,” Collins said. “We know these communities of color were targeted because they did not have access to a traditional bank loan.”

Not everyone agrees that capping lenders is the right decision.

Rickie Keys of Renewal Financial lobbied against this measure. He agreed that payday loans are predatory, but said fallout from the new law could unintentionally harm communities of color because there is nothing to replace them.

“The banks will not intervene to offer these services. Credit unions will not step in to provide these services. I believe the installment lenders will try to get out of this, but eventually I believe they will go away, ”Keys said. “The only options that will be available to consumers… will be bad options.”

Keys is concerned that demand for these types of loans will continue, but supply will dry up on the south and west side of town.

Andy Posner, founder and CEO of nonprofit lender Capital Good Fund, believes lenders like his and other community lenders want to provide services, but they haven’t been able to compete.

“All of these payday branches and others are in their community, they get flyers and advertisements,” Posner said. “So if you see the worst players pulling out of space, it’s a lot easier for good players to acquire customers profitably.”

Posner said the new law leveled the playing field and provided people with alternatives.

“It will be really good, especially in the midst of the pandemic, for families to access credit without getting into a cycle of debt,” Posner said. “So now people are going to look for alternatives, so it will be easier for us to find them because it won’t be just us who are looking for the customer.”

Cobi would have liked to have known other options, as taking out this loan affected every aspect of his life.

He is still rebuilding his finances five years later.

“I had to find an owner who was taking the money. I couldn’t live where I wanted to live. It seemed very small at the time but it set off a chain reaction. I’m fine now, but it just took me awhile to recover.

Araceli Gómez-Aldana is a host and journalist at WBEZ. Am here @ Araceli1010.

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Reed Hastings exercised over US $ 600 million in Netflix stock options in 2020 – Digital TV Europe https://hardouin.info/reed-hastings-exercised-over-us-600-million-in-netflix-stock-options-in-2020-digital-tv-europe/ Mon, 26 Apr 2021 10:09:59 +0000 https://hardouin.info/reed-hastings-exercised-over-us-600-million-in-netflix-stock-options-in-2020-digital-tv-europe/

Reed hastings

Netflix co-CEO and founder Reed Hastings exercised US $ 612 million in stock options in 2020, a new filing has revealed.

The streaming leader had a stellar 2020 in which it surpassed 200 million subscribers globally, and the founder capitalized on that success with Netflix shares up more than 67% over the course of the year.

According to the compensation published by Netflix of senior executives document, Hastings purchased more than 1.33 million shares of the company in 2020 by exercising his stock options.

Ted sarandos

The document reveals that Netflix co-CEOs Reed Hastings and Ted Sarandos earned US $ 43.2 million and US $ 39.3 million respectively during the year.

Hastings’ base salary was $ 650,000, with the vast majority of his income coming from an option grant valued at $ 42.4 million. Sarandos had a base salary of US $ 20 million and an option grant of US $ 18.3 million.

The co-CEOs could struggle to match that total in 2021, however. the first quarter of the year has already shown stagnation in subscriber growth, its share price fell 10% as a result.

Netflix had a record year in 2020, but added just 3.98 million new net paying subscribers in the first quarter, up from 8.5 million reported in the previous quarter and two million fewer than the company had forecast.

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Some Pacific Islanders Hit Hardest By COVID-19 Cannot Get Federal Help For Burials https://hardouin.info/some-pacific-islanders-hit-hardest-by-covid-19-cannot-get-federal-help-for-burials/ Mon, 26 Apr 2021 10:01:28 +0000 https://hardouin.info/some-pacific-islanders-hit-hardest-by-covid-19-cannot-get-federal-help-for-burials/

Last October, Kalihi resident Steve Palsis buried his 28-year-old wife.

She caught COVID-19 in late September and died within days. The suddenness of his death was compounded by his own illness and the high cost of his funeral: approximately $ 13,000.

A new federal program aims to help people who have lost their loved ones to the coronavirus recover the cost of their burials. But Palsis, who has lived and worked in Hawaii for decades, is not eligible.

The Federal Emergency Management Agency this month rolled out a new COVID-19 funeral assistance program open to U.S. citizens, U.S. nationals – such as those born in American Samoa – and skilled immigrants.

Democrats in Congress have touted the program as helping low-income communities of color that have been disproportionately killed by the pandemic. However, many Pacific Islanders like Palsis live and work legally in the United States. are not eligible for compensation even though they were among the most affected by the coronavirus.

Those excluded are citizens of the Marshall Islands, the Federated States of Micronesia and Palau who are subject to treaties with the United States known as pacts of free association. The agreements allowed citizens of those countries to remain in the United States indefinitely in exchange for U.S. military strategic control over a large part of the western Pacific.

Senator Mazie Hirono said she was working to ensure migrants from three Micronesian countries can access COVID-19 funeral funds. Anthony Quintano / Civil Beat

Pandemic-inspired border closures have left some Pacific migrants who want to bury loved ones at home while waiting for their island countries to reopen. But even those who choose to bury their loved ones in Hawaii have struggled to bear the high costs.

The FEMA program started accepting applications on April 12 families who can prove that their loved one died of COVID-19 in a US state or territory. The deceased person does not have to have any particular legal status.

Families can receive up to $ 9,000 per funeral or $ 35,500 if they have paid for multiple funerals. So far there is a high demand – nearly a million people reportedly called the program within the first 90 minutes.

US Senator Mazie Hirono said she has heard from many Micronesian community leaders concerned about the problem and is working on a solution.

“My office is working to understand if FEMA has some flexibility in interpreting applicable law in order to make COFA citizens eligible for funeral benefits,” she said in an emailed statement.

“If we determine that a change in the law is needed, I will work on the legislation to make the changes necessary to ensure that COFA citizens are eligible for this benefit and other critical social safety net programs. “

High costs

In Hawaii, people in those countries are among those who have suffered the brunt of the pandemic, with data showing that Pacific Islanders – excluding native Hawaiians – have reported the highest rates of infections, hospitalizations and deaths compared to other ethnic groups.

A recent state report found that non-Hawaiian Pacific Islanders were 14 times more likely to die from COVID-19 than the average Hawaii resident and 38 times more likely to die than white Hawaii residents.

Palsis, 53, moved to Hawaii in 1989 from Kosrae, Micronesia to attend business school and learn flooring, plumbing and other skills. He and his 28-year-old wife, a registered nurse, raised their family in Aiea before moving to Kalihi.

But when the pandemic struck, Palsis said he lost his job at a flooring company. He said his wife Brocula, 65, was already unemployed before the pandemic because she suffered from diabetes and was too sick to work.

Steve Palsis says his wife Brocula died of COVID-19 last year. Here they are represented together. He described her as smart and supportive and can’t believe she’s gone. Courtesy of Steve Palsis

Brocula died on October 1, days after contracting COVID-19.

“It was very sudden,” Palsis said in a telephone interview. “It’s hard to talk about it.”

Palsis also caught COVID-19 but survived. He paid for his wife’s funeral with the help of family, friends and church. But it was still a huge cost, totaling about $ 13,000. Since then, Palsis has struggled to pay his rent while working part-time.

He had hoped that FEMA’s funeral program would help him pay off his rent and avoid eviction.

But he learned he was being left out and started looking for other rent subsidy options and cheaper, smaller housing.

Hawaii isn’t the only state where Pacific Islanders have been hit hard by COVID-19. The community has reported high rates in several states, including Oregon and parts of Washington and Iowa.

In Arkansas, where many Marshalles work in chicken factories, the CDC at one point during the pandemic found that residents of Marshalles were 65 times more likely to die than white Arkansas residents.

Melisa Laelan, who heads the nonprofit Arkansas Coalition of Marshallese, has spent the past year helping families care for sick loved ones, avoid deportation, and bury family members who have died from COVID -19. She is disappointed with the limits of the funeral fundraising program.

“It’s just another systemic injustice,” she said.

A recurrent issue

Part of what’s frustrating for Laelan is that the exclusion from the federal program comes just four months after Congress reinstated Medicaid for the community.

“It looks like you solve one problem and another pops up,” she says. “It looks like this revolving door in progress and now I’m starting to think there will never be an end to the fight.”

The 1996 Welfare Reform Act removed Compact migrants’ eligibility for many federal welfare programs. In fact, they are treated as temporary residents under the law, even though their legal status allows them to stay in the United States indefinitely.

Some get green cards and become U.S. citizens, but many live here for decades and die here without doing so, in part because there is no Compact Migrant Lane to obtain permanent residence.

Although access to Medicaid has recently been restored, the community is still not eligible for other programs such as Social Security Supplementary Security Income, Temporary Assistance for Needy Families, and the Social Security Program. supplemental nutritional assistance, also known as food stamps, according to a 2019 report from a Hawaii advisory group. to the United States Civil Rights Commission which recommended reinstating migrants’ eligibility for several programs.

In 2018, following Super Typhoon Yutu over Saipan, migrants who lost their homes in the disaster were not eligible for FEMA disaster assistance.

There were other systemic challenges as well. After Congress left the community out of the REAL ID Act, it took more than a decade to resolve the issue and allow them full access to federally approved driver’s licenses. Last year, Hawaii excluded the legal status of migrants from applying for unemployment insurance, even though people who work are eligible for it.

Laelan and other community advocates were excited about the funeral assistance program, but now see it as just one more program they pay into as taxpayers, but do not have access to.

“We are the most affected by the death of COVID and now we are excluded from this program,” said Laelan. “It really doesn’t make sense (that) the people who need it most, we are eliminating them.”

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Bruins need a lot more from their third row https://hardouin.info/bruins-need-a-lot-more-from-their-third-row/ Mon, 26 Apr 2021 09:42:40 +0000 https://hardouin.info/bruins-need-a-lot-more-from-their-third-row/

But the truth is, the Bruins aren’t ready to give up on Coyle. Or DeBrusk. Or even Ritchie (and neither should they considering the fact that he’s the only one to have anything somewhat close to constant production in 2021).

If only because they may not be able to really move forward on such a path. The Bruins can make in-game changes if needed, of course, but in some ways it’s kind of like destroying a second line to address one. The ripple effect is noticeable, especially when you move someone like Lazar out of their spot on the fourth row. It also seems almost fair to suggest that the Black and Gold’s second line is bordering on untouchable at the moment. Building their chemistry for the long haul seems infinitely more important than a quick change in the game.

So, no, the Bruins aren’t exactly full of bodies ready to step into that line-saving third-line role.

“Well, I don’t know if we have a bunch of guys who have scored at this level on the cab team,” Cassidy admitted. “I mean, there have definitely been guys a bit here and there. We hope they can do that.”

Right now, the Bruins’ taxi team options up front include Anton Blidh, Trent Frederic, Karson Kuhlman and Greg McKegg. All four seem more suited for fourth row roles, and raising a fourth row player to third row hasn’t really worked out this season, for whatever reason. Frédéric, who missed out on time with a non-COVID illness, has some experience skating with Coyle this season, but he’s left the Boston roster with one goal and no assists in his last 15 games. He has not yet reappeared.

Center Jack Studnicka is currently skating in Providence and has two points in his last three AHL games, but it’s starting to feel like he’s not going into the mix for the Big B’s in 2021 unless he is. either as a replacement for Bergeron or Krejci. . (It’s also worth noting that Studnicka hasn’t been in an NHL game for almost a month now, and has played under nine and a half minutes in three of his last four appearances, he is. so far from a slam-dunk option. for black and gold.)

It just seems that these struggling bodies are still considered the optimal bodies of B.

“The demand and the responsibility lie [the third liners] a little, “Cassidy admitted.” The guys who scored in this league [have] to start finding ways here. I mean we kind of settled on our top six here and we can move a piece here or there, but I think most nights they did a really good job creating an offense.

“But you need that side stuff. We’ve gotten a bit more of our D lately, but some of these last six have to at least have games where they’re close and [Sunday] I didn’t think that was the case with them. This is precisely what we will have to rely on them. And yes, we can get a guy in and out to motivate him. But we know that at the end of the day the guys who have come here just have to look within themselves to see how they can help us create a little more. ”

A little more … or even not at all.

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Government imposes anti-dumping duties on steel trade from Indonesia and Vietnam https://hardouin.info/government-imposes-anti-dumping-duties-on-steel-trade-from-indonesia-and-vietnam/ Mon, 26 Apr 2021 09:42:40 +0000 https://hardouin.info/government-imposes-anti-dumping-duties-on-steel-trade-from-indonesia-and-vietnam/

KUALA LUMPUR (April 26): The Malaysian government has imposed anti-dumping duties on imports of cold-rolled stainless steel in coil, sheet or any other form (subject merchandise) originating in or exported from Indonesia and Vietnam.

In a statement released today, the Ministry of International Trade and Industry (MITI) said the anti-dumping duty for Indonesia is 8.8% to 34.82% and Vietnam is 7.81%. at 23.84%.

MITI added that the duties are equivalent to the amount of the dumping margins that have been determined.

“The collection of anti-dumping duties on the merchandise in question has been enforced by the Royal Malaysian Customs Department for five years, from April 24, 2021 to April 23, 2026.

“The imposition of anti-dumping duties on the subject merchandise from these countries should solve the problem of unfair trade practices,” he said.

On July 28, 2020, the government initiated an anti-dumping investigation into the subject merchandise originating in or exported from Indonesia and Vietnam in accordance with the Countervailing and Anti-Dumping Act 1993 and the Countervailing and Anti-Dumping Regulations 1994.

The investigation was based on a petition filed by Bahru Stainless Sdn Bhd, the only domestic manufacturer of steel production.

As a result of the investigation, the government concluded that the subject merchandise from these countries had been imported into Malaysia at a price below the price sold in those countries and had caused material injury to the local industry in Malaysia. .

MITI also said that stakeholders such as local producers, importers, foreign producers / exporters and associations related to the investigation could obtain a copy of the non-confidential version of the Final Determination report by making a request. written to the ministry.

For more information call 03-6208 4634/4639/4642/4646 or email [email protected].

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WATCH: Siyabonga Gama says Anglo American is guilty of ‘actual state capture’ https://hardouin.info/watch-siyabonga-gama-says-anglo-american-is-guilty-of-actual-state-capture/ Mon, 26 Apr 2021 09:16:00 +0000 https://hardouin.info/watch-siyabonga-gama-says-anglo-american-is-guilty-of-actual-state-capture/
A child plays with bubbles as people wait to break their fast outside a mosque in Shah Alam Public Park near Kuala Lumpur, Malaysia on April 25, 2021. Muslims around the world celebrate the holy month of Ramadan by praying at night time and refrain from eating, drinking and sexual acts during the period between sunrise and sunset. Ramadan is the ninth month of the Islamic calendar and the revelation of the first verse of the Quran is believed to have taken place in its last 10 nights. EPA-EFE / FAZRY ISMAIL “,” excerpt “:” Our image editors select the best news photos from South Africa and around the world to give you a visual overview of the weekend’s events. “,” Format “:” gallery “,” media “:” “,” oovvuu “:” “}, {” id “: 2479132,” name “:” u0027Mr Cash u0027 Singh cannot handle the heat of Zondo, requests adjournment “,” permalink “:” https: / / citizen.co.za / news / south-africa / state-capture / 2479132 / mr-cash-singh-cant- handle-zondo-heat-requests-for-ajournment / “,” image_src “:” https: / / citizen.co.za / wp-content / uploads / 2021 / 03 / Anoj02-300×200 .jpg “,” image_src_narrow “:” https: / / citizen.co.za / wp-content / uploads / 2021 / 03 /Anoj02-e1618300044640.jpg “,” image_src_square “:” https: / / citizen.co.za / wp-content / uploads / 2021 / 03 /Anoj02-e1618300044640.jpg “,” category “:” STATE CAPTURE “,” category_class “:” child-of- news “,” time_ago “:” 3 days ago “,” premium “: false,” gallery “: false,” excerpt “:” The commission learned that Singh had a bank account of R19 million, while ‘he was not spending his salary for three years. “,” format “:” video “,” media “:”
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