Capital – Intersindical RTVV http://www.intersindicalrtvv.com/ Tue, 08 Feb 2022 18:16:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.intersindicalrtvv.com/wp-content/uploads/2021/03/intersindicalrtvv-icon-70x70.png Capital – Intersindical RTVV http://www.intersindicalrtvv.com/ 32 32 Factors to Watch Out For Before Choosing No Credit Check Loans https://www.intersindicalrtvv.com/factors-to-watch-out-for-before-choosing-no-credit-check-loans/ Tue, 08 Feb 2022 18:10:34 +0000 https://www.intersindicalrtvv.com/?p=4277 While you may be qualified for personal loans or a loan for bad credit, however, there are some steps to assist you to find the most favorable deal: Oak Park Finance Lender

Check your Credit Score

Get a copy of your credit report. Check it over to look for any errors and determine what areas require to be addressed. You could improve your credit score if you can identify and fix the issues. This means that you could be eligible to receive low-interest rates.

You can get a free credit report from each of the bureaus that are major. If you are applying for a loan, the lender will scrutinize your credit report to determine if you’ll be capable of repaying the loan. The lender evaluates your credibility on the basis of your credit score.

Make a plan and make a detailed plan

It is vital to know how much you actually have to take out. After that, come up with a viable method to make all payments in time. Along with loan payments, Your budget should also include important expenses such as savings, debt, and other payments in addition to other items.

After you’ve determined the amount you are able to afford each month, you can finalize the loan amount and the repayment time frame accordingly. The longer-term loans are more costly due to the greater interest rate, while each month’s installment will be lower.

Study your interest rates

If you’re considering taking out a loan, always be careful when approaching. The lenders who provide approvals might be a better option to look at, as they don’t conduct hard credit checks, and offer terms and conditions as well as the interest rate.

Thus, you must always search for lenders and choose the most appealing lender to you in the end. So, you can be able to avoid having to submit a hard credit check.

Beware of frauds

Before beginning, be on the lookout for fraudsters. Always look for a reputable lender. The lenders we’ve examined are trustworthy and you will not be frauded.

A lender who is not legitimate For instance, a lender who is fraudulent won’t inquire about your past payments. They will only be concerned about the hidden charges. After you’ve made the relationship with them, be sure they will not let you go with a sense of security.

In the end, you may see them frequently and hear their knocking at your door. Picking one company from our list will ensure that you do not get hit at some point in the near future.

Pay strategic plans for payments

It is your obligation to pay on time. It will stop you from paying penalty fees, late fees, and negatively impacting your score. If you do not pay, you could suffer an enormous financial loss.

In addition, you’ll be required to pay high-interest rates, which can increase the total price of your loan.

Alternative alternative

There are times when we might be in need of a tiny amount of cash. There’s no reason to feel ashamed with regard to financial difficulties. One of the most effective alternatives is to ask your loved one if they can provide you with a certain sum of cash.

So, you’ll be able to avoid paying fees, becoming a victim of fraud or having a negative effect on your credit rating if you are required to ask the lender for a greater amount.

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AfDB Approves $ 500 Million Loan For Two Metro Lines In Bangalore https://www.intersindicalrtvv.com/afdb-approves-500-million-loan-for-two-metro-lines-in-bangalore/ Tue, 09 Mar 2021 10:58:00 +0000 https://www.intersindicalrtvv.com/afdb-approves-500-million-loan-for-two-metro-lines-in-bangalore/ [ad_1]

The Asian Development Bank (ADB) has approved a loan of $ 500 million for the construction of two new metro lines in Bangalore.

Bengaluru has attracted people from other areas looking for work and its population is expected to reach over 16 million by 2030. The Bengaluru Rail Metro Project will establish two new metro corridors to expand a system efficient and safe transport.

The Bangalore Metro Rail Project will establish two new rail corridors.

“It will strengthen the economy, improve the urban environment and make the city more livable. The project supports Bengaluru’s urban transformation through a multidimensional approach, ”said Kaoru Kasahara, AfDB Senior Transport Specialist for South Asia.

“The new metro lines will facilitate daily commuters and ease traffic congestion across the city, thereby contributing to overall productivity,” he said in a statement.

“The project will provide efficient, punctual and safe transportation in the city and promote a clean urban environment.

The project will construct two new, mostly elevated metro lines with a total length of 56 km along the Outer Ring Road and National Road 44 between Central Silk Board and Kempegowda International Airport.

It will also establish 30 metro stations, which will include multimodal facilities such as bus docks, a taxi rank, motorcycle pools, and pedestrian bridges and bridges. The needs of vulnerable groups such as the elderly, women, children and people with disabilities will be incorporated into the design of the facilities.

An additional technical assistance grant of $ 2 million from the AfDB will help the state government to formulate urban development plans and their implementation frameworks, with an emphasis on transport-oriented development by common and multimodal integration.

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How Coronavirus Relief Affects Public Service Loan Forgiveness https://www.intersindicalrtvv.com/how-coronavirus-relief-affects-public-service-loan-forgiveness/ Tue, 09 Mar 2021 10:57:59 +0000 https://www.intersindicalrtvv.com/how-coronavirus-relief-affects-public-service-loan-forgiveness/ [ad_1]

If you are on your way to Public service loan remission, the current COVID-19 crisis may have completely upended your plans. On-time payments are a requirement for PSLF, and if payments are not currently required, what impact does this have on your path to forgiveness?

The short answer is, you can still qualify for the PSLF even if you aren’t making payments right now. Here is how the PSLF works during this federal forbearance period.

PSLF is included in the current administrative abstention

Currently, most student loans held by the federal government are in administrative tolerance until September 30, 2021 – meaning payments are not required, interest rates are set at 0% and collection activities are halted. This forbearance period came into effect automatically for federal student loans on March 20, 2020.

Of course, forgiveness of civil service loans requires borrowers to make 120 continuous payments to be eligible. However, the government has also made concessions here. If you are not currently making payments on your student loans but are working for an eligible employer, you will still receive credit for extended temporary PSLF or PSLF as if you had made the payments – in other words, they are counted. as payments of $ 0. .

To ensure that these credits take place, you will need to submit a PSLF form that certifies your employment for the same period as the federal student loan suspension. If you have reached your 120 qualifying payments during the suspension period, you can still apply for the PSLF.

That said, if you have lost your job with an eligible employer or if you work less than 30 hours with an eligible employer, that time will not count towards the PSLF. Keep in mind that you do not entirely lose your PSLF eligibility; it might just take longer to qualify for forgiveness.

Should you stop paying if you sue PSLF?

While continue to repay your student loans While administrative forbearance can help you repay them faster, it may not be the best solution if you are suing PSLF. Since you will get credit for this period regardless of whether you make those payments or not, you might as well keep this money in your pocket, as continuing to make payments will only reduce the amount that is forgiven.

Instead, you might want to use that money for other urgent needs, like paying off debts, staying up to date on house payments, keeping the lights on, or paying for food. The purpose of the suspension of student loan payments is to prevent you from having to choose between student loan payments and basic survival. If you have the money and need a place to put it, consider putting money into an emergency fund or even helping other people who can’t afford the necessities. moment.

How to stay on track for the PSLF

If you take advantage of suspended federal student loan payments, you will need to fill out a PSLF form that certifies your employment during the period of suspension. You will see your eligible payments updated when you complete your employment certifications.

If you have lost your job or are facing reduced hours due to the COVID-19 crisis, you are likely facing a PSLF setback right now, as you will still need to meet the PSLF basic criteria for that your payments be suspended. to count. However, reducing your hours during this time does not mean that you will lose your eligibility – as soon as you meet the requirements again, your qualifying payments will pick up where they left off.

Note that the grace period, school and certain deferment, forbearance and bankruptcy statuses are still not eligible for the remission of civil service loans during the administrative forbearance period.

Biden could expand PSLF program

Even if you don’t qualify for the PSLF now – it’s currently designed for teachers, government employees, and nonprofit workers – you may be able to access this program soon.

In addition to more flexible eligibility conditions for the PSLF, President Biden proposed a new debt relief route, which would write off up to $ 10,000 in undergraduate or graduate student loan debt for each year of qualifying national or community service, up to five years. This is different from the current program, which cancels any remaining debt after 10 years of payments.

It’s important to note that private student loans will remain ineligible for the PSLF even if Biden’s changes are successful. However, one of Biden’s proposals is to allow the release of private student loans in bankruptcy, which could be a form of relief.

Learn more:

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From fire to prison – Workshop on investigative reporting https://www.intersindicalrtvv.com/from-fire-to-prison-workshop-on-investigative-reporting/ Tue, 09 Mar 2021 10:57:58 +0000 https://www.intersindicalrtvv.com/from-fire-to-prison-workshop-on-investigative-reporting/ [ad_1]

This story is co-edited in partnership with the Fort Worth Star-Telegram.

The former president of a small town east Texas bank on Tuesday was sentenced to eight years in federal prison for her role in organizing one of the largest bank fraud cases in the world. Texas history.

Anita Gail Moody, 57, started working at Enloe State Bank as a teenager. The bank is in Delta County, 120 miles northeast of Fort Worth.

After rising through the ranks to the presidency, Moody quietly stole over $ 11 million from his workplace using more than 100 false loans to send money to friends and family, she admitted in court documents last year.

The scheme fell apart when Moody set fire to loan documents on a bank meeting table in Cooper in May 2019, the weekend before Texas regulators conducted a routine review of the books form the bank.

Federal agents descended on Cooper, population 2,180, after the fire. The Texas Department of Banking quickly shut down the bank, which had provided loans to cotton farmers since the Great Depression.

For weeks, Texas regulators and Federal Deposit Insurance Corp. settled down and pored over the loan papers between the pews of a church next to the bank building, which quickly reopened under a new owner.

Enloe became the first bank in Texas to fail in five and a half years. It cost the FDIC insurance fund around $ 21 million and left Delta County residents in shock.

Federal prosecutors charged Moody with conspiracy to commit bank fraud and arson in April of last year. After a judge rejected an initial plea deal in October, Moody’s eight-year sentence was handed down this week to Sherman by U.S. District Judge Amos L. Mazzant III, according to a press release from the prosecutor’s office. American.

Anita Gail Moody, Former President of Enloe State Bank. (Cindy Roller / Cooper Review / KETR)

Moody also has to pay more than $ 11 million in restitution, an amount equivalent to the amount she has siphoned off the bank over the years and used to buy a new Jeep, pay off loans to her daughter and fund the business of her boyfriend, among other transactions, according to prosecutors. and court documents.

His deputy, bank vice president Jeannie Swaim, also pleaded guilty to a bank fraud charge and was sentenced in January to two years in prison. Swaim will also have to repay the $ 400,000 she paid her husband over a period of five years, according to court documents.

An examiner reported suspicious loans days before Moody set fire to bank documents in May 2019, said Larry Walker, director of the Dallas office of the Texas Department of Banking.

But for years, the ploy went unnoticed.

“He’s a very, very bright, very intelligent person,” Moody’s Walker said. “She had her fingers on everything in the bank.”

Court document offers rare glimpse into life of bank president

Since the 2019 fire at Enloe State Bank, Moody has remained silent. She closed the door when this reporter visited her home in 2019. Through her lawyer, she declined to comment on a Fort Worth Star-Telegram article published last year.

But in November, after a judge overturned an initial plea deal that allegedly saw Moody serve seven years in prison, Moody used a court record to tell his side of the Enloe saga. Then she asked the judge to deviate from sentencing guidelines that call for a prison term of at least double what Moody had originally agreed to.

The document, filed by Moody’s attorney John Ginn of Sulfur Springs, painted portrait of an isolated woman, who struggled for years with mental health and addiction issues related to his criminal behavior.

From 1977 to 2019, Moody worked at Enloe State Bank. “It’s the only job she’s ever had,” the court record says. The work brought him pleasure.

But it also happened under pressure from “customers and board members who wanted their dividends,” the file said. In a “highly patriarchal and male-dominated environment of East Texas,” Moody sometimes felt that she had “no power to turn away certain clients,” many “like family,” according to her. the court file.

In 2008, against his better judgment, the record indicates, Moody began granting loans to troubled customers in the hope that they “would fix their ship (s).” At the time, Moody “really believed she was doing something to help her community” and “… didn’t know her illegal behavior would get so out of hand,” the file says.

Four years later, Moody began to include himself as a beneficiary of the loans, the record says, although it does not explain why. The president of the bank “knew she was ‘going to jail'” and began to drink “every day to allay her feelings of guilt,” he said.

After starting the May 2019 fire, Moody attempted suicide and spent a week in hospital, according to the document.

She has since started therapy for depression and alcohol abuse, while also cooperating with law enforcement. Moody accepts responsibility. “She feels immense remorse, sadness and dismay at her involvement,” says the file. “She can’t discuss it without tears.”

The dossier makes various arguments in favor of a reduced sentence, including blaming the members of the bank’s board of directors, who “turned a blind eye when the bank’s performance was falsely improved by the conduct. criminal “.

To date, no others have been charged in the bankruptcy.

A seven-year sentence would have been enough to protect the public and inflict “fair punishment” on a woman who has never served a prison sentence, Moody’s lawyers have argued.

In the end, the arguments seem to have had some influence, as Moody’s final eight-year sentence falls well short of the guidelines outlined in the record. The variation was based on his “cooperation,” according to sentencing documents.

Moody is due to surrender on April 9, while the bank’s former vice president Swaim is due to start his prison term by March 5, according to court documents.

Lawyers for each former banking executive did not immediately return calls to their offices from the Star-Telegram on Tuesday afternoon.

Little oversight for years of fraudulent president loans

A year-long review of the Enloe State Bank case by a federal watchdog, made public in a report released last year, blamed the extent of the fraudulent activity on Moody’s unhindered access to banking systems.

At times, Moody has served as a loan officer, bank board member, shareholder, loan committee member, and information technology officer, according to the FDIC’s Office of Inspector General.

Moody used his position to issue loans on behalf of “fictitious borrowers” and unwitting bank customers, depositing some of the proceeds in family members’ bank accounts, according to the FDIC report.

Front and parking lot of the lumber yard
highway. 24 Lumber and Feed in Cooper, Texas, is located less than a mile from the old Enloe State Bank. About $ 568,000 of the bank’s fictitious load proceeds were deposited into a checking account owned by the lumber yard in 2018 and 2019, according to a Federal Court document. (Lucas Smolcic Larson / IRW)

When regulators asked for loan information for regular review in 2018, Moody stalled, missing the deadline for two and a half weeks to turn in the documents, while hiding nearly $ 5 million in fraudulent loan balances, according to the report.

Moody had full control, said Walker, the Texas banking regulator. She could even access the bank’s computer system from her home, he said.

To cover up the fraud, Moody kept bogus loans below $ 150,000, believing that regulators would not review these transactions, according to the FDIC report. She fabricated documentation that made these loans look legitimate, he says.

But eventually, the fraud must have become increasingly difficult to cover up, Walker said.

“If you look at the significant frauds that have happened over the years, people have dealt with them to a point,” he said. “Then they got bigger than they could handle.”

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Small non-bank financiers prefer cash over new loans https://www.intersindicalrtvv.com/small-non-bank-financiers-prefer-cash-over-new-loans/ Tue, 09 Mar 2021 10:57:57 +0000 https://www.intersindicalrtvv.com/small-non-bank-financiers-prefer-cash-over-new-loans/ [ad_1]

Mumbai: As liquidity becomes constrained in the wake of the covid-19 pandemic, non-bank small and medium-sized financials are slowing new loans extremely, to the point where they are almost reduced to a trickle.

The pandemic has also forced these companies to review their loan portfolios, trying to get rid of wholesale loans in favor of retail loans. This shift was seen even in banks after the last bad debt wave and this time it was the reluctance of banks to fund wholesale non-bank financiers that led to this shift.

For example, companies like IIFL Finance and Edelweiss Financial Services want to completely exit the wholesale lending business within the next two years by selling these assets down.

Nirmal Jain, President and CEO, IIFL Finance said mint in an interview that the non-bank financial corporations (NBFC) sector is reorganizing itself. “Things are not very easy,” Jain said.

According to Jain, while the situation has improved slightly since June, banks are more comfortable lending to retail NBFCs but cautious about smaller ones and those engaged in wholesale lending.

“We are going very cautiously on new loans. We made changes like asking for a higher Cibil score (from 675 previously to 750 now) and also lowered the client leverage ratio threshold, ”Jain said. The company has 12% of its total assets in wholesale loans and the remainder in The size of its real estate ledger is ??3,500 crores.

IIFL Finance has stopped making new wholesale loans and expects the portfolio to shrink over the next two to three years. “We are considering selling these loans but not at an unreasonable price,” Jain said.

Experts have also warned of increased liquidity concerns for NBFCs in the wholesale industry.

“Liquidity stress could be high for wholesale lenders with high exposure to real estate developers, companies without a strong parent company, or companies with perceived weak governance,” S&P Global Ratings said in a June 26 note. .

According to Nachiket Naik, head of corporate loans at Arka Fincap, the mortgage and structured credit activity needs patient capital because the repayment of a large part of these loans is based on eventual withdrawals or refinancing, which is difficult to time, especially in a slowdown.

“Funding such a portfolio through bank indebtedness and capital market debt may not be the most appropriate, because in a downturn in the business cycle it can lead to mismatches. in asset-liability management (ALM), ”said Naik.

Edelweiss Financial Services, another non-bank financier, has given up selling its wholesale loans and is looking to reduce them to zero in two years. The company’s wholesale loan portfolio decreased 28.5% sequentially and 41% year-on-year to reach ??8,393 crore in the March quarter.

“We want to bring it (wholesale loans) down to zero by 2022. We will do that as an asset management company,” Rashesh Shah, chairman and CEO of Edelweiss Financial Services, told analysts, July 6.

Shah said project finance and construction activities were very uncertain about cash flow. “If you do it as a fund, you eliminate the ALM risk and the NPA (non-performing asset) problem,” Shah said.

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Mr. Amazing Loans Corporation Announces $ 2 Million Open Market Share Buyback Program and Files 10-K https://www.intersindicalrtvv.com/mr-amazing-loans-corporation-announces-2-million-open-market-share-buyback-program-and-files-10-k/ Tue, 09 Mar 2021 10:57:56 +0000 https://www.intersindicalrtvv.com/mr-amazing-loans-corporation-announces-2-million-open-market-share-buyback-program-and-files-10-k/ [ad_1]

Content of Accesswire press release. The AP press team was not involved in its creation.

LAS VEGAS, NV / ACCESSWIRE / April 1, 2019 / Mr. Amazing Loans Corporation (“Mr. Amazing Loans”) (OTC PINK: MRAL) today announced that its Sole Director has approved a share buyback program authorizing the repurchase on the open market of up to $ 2,000,000 of its common shares. Purchases under the program are permitted until December 31, 2019.

Paul Mathieson, President, CEO, CFO, Sole Director and 40.1% shareholder of Mr. Amazing Loans, said: “The open market share buyback program reflects our commitment to increasing value for investors. shareholders. “

As part of the program, Mr. Amazing Loans plans to repurchase shares of his common stock in open market transactions in accordance with federal securities laws. Management will determine the actual timing, number and value of shares repurchased under the program, which will depend on a number of factors, including the price of the common shares, general market and economic conditions and applicable legal requirements. .

Mr Amazing Loans also announced today that his net loss for the year 2018 fell to its lowest level of loss in the history of the company and also fell 57.1% from levels of year 2017. Since January 2015, the cumulative volume of loans increased by 207%, from $ 5,549,023 to $ 17,064,023 as of December 31, 2018. Please visit https://ir.mramazingloans.com/financial-results for a copy of Mr. Amazing Loans’ Annual Report on Form 10-K, as filed with the Securities and Exchange Commission.

About Mr. Amazing Loans Corporation

Mr. Amazing Loans is a Securities and Exchange Commission (“SEC”) reporting financial technology company that offers unsecured consumer loans of $ 5,000 and $ 10,000 online under the brand “Mr. Amazing Loans.” Amazing Loans ”through its website and online application portal. Mr. Amazing Loans is a direct lender with state licenses and / or Certificates of Authority in 19 US states and all loans are issued, processed and managed from our centralized headquarters in Las Vegas, NV. For more information on Mr. Amazing Loans, please visit https://ir.mramazingloans.com.

Forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. In some cases, forward-looking statements may be identified by words such as “believe”, “expect”, “anticipate”, “plan”, “potential”, “continue” or similar expressions. These forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the documents filed by Mr. Amazing Loans with the SEC. Investors should not place undue reliance on forward-looking statements, as they involve known and unknown uncertainties and other factors which, in some cases, are beyond the control of Mr. Amazing Loans that could, and are likely to, significantly affect the results. actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Mr. Amazing Loans’ current views regarding future events and is subject to such and other risks, uncertainties and assumptions regarding operations, results of operations, growth strategy and liquidity. . Mr. Amazing Loans assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in such forward-looking statements, although new information becomes available in the future. .

The content of the websites referenced here is not incorporated in this press release.

Contact:

Paul Mathieson

Mr. Amazing Loans Corporation

Chairman and CEO and founder

SOURCE: M. Amazing Loans Corporation


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How Blake Auden Helps Others Cope With Poetry https://www.intersindicalrtvv.com/how-blake-auden-helps-others-cope-with-poetry/ Tue, 09 Mar 2021 10:57:56 +0000 https://www.intersindicalrtvv.com/how-blake-auden-helps-others-cope-with-poetry/ [ad_1]

During the pandemic, poetry became a method of communicating feelings. When you don’t have the words to say what you’re going through, it always seems like you can find someone who knows how to say it, and far better than you ever can. If you’re feeling anxious or heartbroken, look no further than Blake Auden’s work. For 2 years, he has been sharing his work on a daily basis Instagram with its 142,000 followers. He has also written two collections of poetry, his most recent, Beekeeper, focuses on love, friendship, loss and sanity. The title, he explains, describes it well.

He said: “Someone once told me that my head was a colony of bees …[and I thought] Guess that makes me a beekeeper, then, trying to deal with all these anxious thoughts.

But, dealing with the anxiety out loud was not always something he was able to do. Like many men, especially those who grew up in military homes, Blake grew up prescribing the attitude that you have to ‘persevere’ and things like crying or worrying are not things that a man does. do. He also felt he needed to hide his emotions in order to protect others, especially his parents, from worry and self-blame. He talks about it in a poem and writes: “I learned to gently break / grab the pieces of me before they hit the ground / so that the people I love will believe me when I smile and say I am fine. In other words, he felt that even though he was falling apart, he needed to catch up with the pieces so that no one would hear them breaking and no one would notice. He often managed alone and in silence.

However, he learned that it was not possible to avoid or ignore the anxiety and it worsened to the point of taking over his life. He stopped playing music, stopped seeing friends, and reached a point where if anything could make him anxious he stopped doing it for fear of having a panic attack or being anxious. on this subject. About 2.5 years ago, he hardly ever left the house, which in hindsight, he says, actually made matters worse.

One day it hit its tipping point. He had a panic attack and missed being able to visit his best friend since he was three and he had already missed his wedding for the same reason. After that he decided he was never going not being anxious so he needed to face it. He reframed his anxiety like a wolf, which he is now characterized as in any of his poems. He explains the metaphor as follows: “The anxiety is always there, even when you are not anxious… It is there… right in the trees, just behind the tree line where it is dark. And, I’ve always thought of it as something that stalks and hides and stalks and takes the opportunity to attack you when you’re vulnerable and it all felt like a wolf to me. Instead of running away from the wolf, he made the decision to accept it (the anxiety) as part of him and learn to deal with it. He even got a wolf tattoo on his hand to remind him not to run away from difficult situations. He feels that since adjusting this attitude, although he still suffers from panic and anxiety, he is overall much better. He was also much more comfortable talking openly about his mental health with others without shame.

He attributes some of this comfort to initially speaking about his anxiety in the safe space of therapy. He thinks the therapy, which he went to for 18 months, was where he learned it was okay to talk about his mental health, and that he wouldn’t be judged for it, or that people did. character guesses on this basis. He notes: “It made me feel that in fact, it might not be as unusual a thing as I thought and maybe I’m not the only one feeling it. And I think that put me on the path to being more comfortable talking about it.

Now, through his poetry, Blake speaks openly about his experiences and pain with anyone who reads it. This is particularly poignant given that it is November and Mental Health and suicide prevention is highlighted as one of the three causes of men’s health in the Moving house movement. Blake adds, “I don’t think it affects my masculinity to say, you know what? I burst into tears at the supermarket before. I’d rather not do that, but it does happen and I have no problem admitting it. I suffer from anxiety, I suffer from panic attacks, and these are things we all have to go through and there is nothing anti-masculine about it.

While in some ways it may seem like the writing can seem cathartic or help process one’s emotions, Blake says the writing process is actually quite emotionally difficult and even overwhelming. He notes: “You engage in emotions that I would probably have traditionally buried for many years. I now force myself to watch [them] again and tackle them, which you know can be beneficial in the long run … It’s hard to do while I’m doing it, but I’m glad I did after.

Blake recognizes, however, that much of the benefit of poetry to him comes from sharing it and knowing that he is helping others with his words. He describes enjoying seeing how people on Instagram engage with and interpret his poetry. Many tell her that it helps them feel like they’re not alone or to express what they are feeling. Reader feedback even helped Blake normalize his own experiences and make them feel more acceptable.

As someone who explains that their biggest fear is being forgotten or living a life without impact, purpose or meaning, it helps Blake know that his words could be his goal. It helps her think that her suffering, pain, and most difficult experiences could make sense. It also helps him feel that he may be going through it all, or that he has been through it all, for a reason.

And, that reason is to help others cope. To give them hope or validation of their feelings, and let them know that they are not alone, especially at this time when we all need them so badly. He adds, “Now when I have a bad day I think maybe what I’m going through will turn into a poem next week that will really help someone who is in a lot more pain than me. In which case, it’s worth it.


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Community Foundation “takes a step forward” to fight racial inequalities and COVID-19 https://www.intersindicalrtvv.com/community-foundation-takes-a-step-forward-to-fight-racial-inequalities-and-covid-19/ Tue, 09 Mar 2021 10:57:55 +0000 https://www.intersindicalrtvv.com/community-foundation-takes-a-step-forward-to-fight-racial-inequalities-and-covid-19/ [ad_1]


Sylvan Lebrun, collaborating photographer

Since the start of the new year, the Community Foundation for Greater New Haven has started implementing its $ 26 million “Stepping Forward” philanthropic initiative targeting the dual impact of racism and the pandemic.

Over the next three years, the Community Foundation plans to distribute $ 15 million of these funds to local nonprofits through reactive grants as part of the “Moving Forward” initiative. The remaining $ 11 million is used to establish three permanent, problem-focused endowments – the Basic Needs Fund, the Racial Equity Fund, and the Civic Engagement and Awareness Fund. In addition, the Community Foundation created two new grant programs to support BIPOC leaders in the arts and not-for-profit sectors.

“In 2020, we were reflecting on the impact of the pandemic and our response to it,” said Christina Ciociola, senior vice president of grants and strategy at the Community Foundation. “The pandemic has really brought racial disparities to light and exacerbated them in a very unfortunate way. We started to think differently about our work, about how we could be more deliberate in advancing racial equity and addressing the lasting impacts of COVID-19. “

When the pandemic began early last year, the Community Foundation had to refocus its efforts on immediate relief, by speeding up the distribution of its funds. Each year, the foundation typically allocates 5% of its endowment toward grant-making, according to Matthew Higbee, responsible for content and engagement for the Community Foundation. However, due to increased pandemic needs, annual grant resources for 2020 were exhausted in early June.

According to Community Foundation CEO William Ginsberg, he and other members of the foundation then realized that much more money was needed to effectively tackle the devastation caused by the pandemic.

In the summer of 2020, the foundation drew up plans to restructure its resources, focusing on the disproportionate impacts of the pandemic on communities of color and the crisis the pandemic has created for the financial situation of many organizations across the country. non-profit.

“We basically targeted the unallocated endowment money, which we could then borrow against and repay that loan with those unrestricted funds over three years,” Higbee told The News.

The loan generated more than $ 11 million of the $ 26 million in additional funds, with the balance coming from other foundation assets and donor contributions. Stepping Forward was officially launched in early 2021.

The three permanent endowments created under Stepping Forward are in the process of forming advisory boards and accepting donations. The Basic Needs Fund will meet urgent community needs for health care, food and shelter. The Racial Equity Fund will support black leadership and advocacy in New Haven. Finally, the Civic Engagement and Awareness Fund will fund nonprofit journalism, like the New Haven Independent, and civic education.

In a typical year, the Community Foundation receives between 120 and 140 grant applications, of which it can only fund about half. Higbee told the News that this year, with the additional $ 15 million in the grant pool, they hope to accept a much larger portion of applicants, if not nearly all of them. Applications for the foundation’s existing small grants program opened on January 4, and grants began to flow as they went.

“We are looking for organizations that work to advance … what we call the social and structural determinants of equity, which include access to health, access to housing, civic awareness,” Ciociola told News .

As part of Stepping Forward, the Community Foundation has also established two new grant programs, which will fund specific community projects and individuals rather than organizations.

The “Racial Equity + Creative Healing Through the Arts” grant is in partnership with the New Haven Arts Council. It will focus on funding artists and arts organizations in projects that fight racism and support the collective healing of communities of color. Applications opened on February 1 and will be reviewed progressively by an external panel of artists, patrons and arts administrators.

The ‘BIPOC-Led Leadership Cohort’ grant is expected to be open for applications by mid-March and is intended to support people of color working in leadership positions in nonprofit organizations. It will include both a nine-month training program for those selected and a grant of $ 30,000 for each participant’s affiliate organization.

Through this project, the Community Foundation is also trying to keep itself at a higher level on issues of racial and economic prejudice in New Haven.

“Philanthropy has been criticized both as a symptom and as a cause of inequality,” Higbee said. “Our funds are there today because of wealth inequality, because people were able to amass enough wealth to create funds. Our endowment is now $ 600 million. And so there is a criticism that, why does this money stay there when there is all the need in the community?

In addition to increasing grant spending through Stepping Forward, the Community Foundation is also expanding its internal scholarship program to fight stigma. According to Ciociola, they are looking to hire at least one new member in a pipeline for a permanent role within the foundation. This fellow will focus specifically on “healing and reconciliation” within the foundation, researching the foundation’s history around issues of racial inequality and creating an action plan for the organization.

Patricia Melton, executive director of New Haven Promise, expressed her optimism about Stepping Forward. His organization offers college scholarships and academic support to young people in the region. They operated within the Community Foundation until 2016 and continue to receive significant funding from them.

“The Community Foundation has led with leadership and foresight, realizing that we will need more investment at this critical time to sustain and succeed so that we are stronger than ever as a nonprofit community,” said Melton to the News.

Melton told the News that she expects funding for New Haven Promise and similar organizations promoting equitable access to education and workforce opportunities to increase as part of Stepping Forward.

As part of Stepping Forward, the Community Foundation will continue to work with United Way of Greater New Haven on its joint COVID-19 community fund and plans to invest in small and minority-owned businesses through their Mission Investments Company. .

“We can’t do it on our own, and the philanthropic sector cannot do it on their own, and the nonprofit sector cannot do it on their own,” Ginsberg said. “It’s about government, grassroots organizations and individual leaders of color. These are the major institutions of the city, including [Yale] and the hospital. This is the business sector, the Chamber of Commerce. It’s about helping the community respond to COVID and seize the opportunity for greater racial equity. “

The Community Foundation for Greater New Haven was established in 1928. It is the largest funder in New Haven and surrounding cities.

Sylvan lebrun | sylvan.lebrun@yale.edu

Correction, February 27: The loan used to help fund Stepping Forward generated over $ 11 million of the $ 26 million, but not all of the $ 26 million. Additionally, Higbee initially told The News that the Foundation’s endowment was valued at $ 600 million. Higbee later clarified that the number is actually over $ 720 million. The story has been updated.




SYLVAN LEBRUN




Sylvan Lebrun reports on the town hall. She previously covered nonprofits and social services in the New Haven area. She is a second year student at Pauli Murray College majoring in English.


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Evanston CEO accused of bank fraud over PPP loan application https://www.intersindicalrtvv.com/evanston-ceo-accused-of-bank-fraud-over-ppp-loan-application/ Tue, 09 Mar 2021 10:57:54 +0000 https://www.intersindicalrtvv.com/evanston-ceo-accused-of-bank-fraud-over-ppp-loan-application/ [ad_1]

EVANSTON, IL – The founder of a pair of software companies in Evanston is accused of falsifying a loan application for an economic coronavirus relief program. Federal prosecutors say the local CEO dramatically overstated the payroll of a holding company in an attempt to fraudulently obtain more than $ 440,000 from the Paycheck Protection Program, or PPP.

Rahul Shah, 51, of the 200 block of Davis Street, Evanston, was charged Monday with one count of bank fraud and one count of misrepresenting a financial institution. He did not respond to requests for comment on the matter.

Shah is the founder and CEO of Katalyst Technologies, Inc. and Boardshare LLC. Both companies have offices at 500 Davis St. in downtown Evanston. According to an online resume, Shah founded Katalyst in 2000, and the company has since grown at an annual rate of 25 percent per year. In addition to its head office in Evanston, the company has offices in Atlanta, London and several cities in India, according to a press release.

Find out what’s happening in Evanston with free real-time Patch updates.

“When I started Katalyst 19 years ago, the core values ​​focused on our people and the community we operate,” Shah said last month in a statement announcing the company’s inclusion in a ranking of. Chicago area workplaces. “Today we are a global company with associates [across] the world.”

According to an affidavit from James Sams, an agent of the Inspector General of the Treasury for the Tax Administration, in support of Shah’s two-count indictment, Katalyst’s April 15 request for a PPP loan from a Texas bank showed that Shah owned 42% of the company. and that he had $ 845,285 in monthly salary expenses.

Find out what’s happening in Evanston with free real-time Patch updates.

Rahul D. Shah, 51, of Evanston, is listed as the founder and CEO of Katalyst Technologies, Inc. (Screenshot, June 16)

Loans under the PPP program are fully guaranteed by the US Small Business Administration, but are processed by participating local banks. Loans can be fully forgiven if they are used on qualifying costs such as payroll, mortgage interest, rent, and utilities within 24 weeks of receiving the money.

On April 30, Shah applied for another loan on behalf of N2N Holdings LLC, which operates under the name Boardshare, according to the affidavit. The federal agent said the loan application was signed by Shobha Shah, wife of Rahul Shah and chief operating officer of Katalyst, who has been identified as the sole owner of N2N.

The request included several IRS forms that falsely described the company’s expenses, according to the affidavit. He claimed the company spent nearly $ 426,000 on wages in the last three quarters of 2019. But actual IRS statements show the company said it paid its employees less than $ 10,000 in the past. during the same period, according to the federal agent.

Investigators interviewed at least three people whose identities were used to falsely inflate Boardshare’s payroll, according to Sams’ affidavit. The agent alleged that the three employees listed said they worked for Katalyst before 2017, but never worked for the Shahs’ other company.

Boardshare makes portable projectors and software marketed to educational institutions as “interactive whiteboards,” according to its website. A representative did not immediately respond to inquiries regarding the number of employees, if any, at the company on Tuesday.

FBI and Treasury agents spoke to Mr. Shah on May 29 in a taped interview, according to Sams. He said he knew there were “errors” in the request and blamed the employees in India at first, but when officers challenged his claim that the India-based staff provided fake IRS documents via email, Shah admitted he had no supporting evidence. .

Mr. Shah admitted that the fake 1099 forms were “probably” prepared in the United States, according to the affidavit.

“You all prepare [them,] not someone in India, and submitted it thinking ‘this will keep our business alive’, “agents reportedly asked.”[I]Is this a precise way of presenting it? “

“I would say yes,” replied Mr. Shah, according to Sams Affidavit.

If convicted on both counts, Shah could face a sentence ranging from probation to 60 years in federal prison, but sentencing guidelines make a long prison term unlikely if the case is resolved with a pre-trial guilty plea. The date for Shah’s initial appearance in the case had not been set for Tuesday afternoon.

“The Paycheck Protection Program was designed as a lifeline for small businesses struggling to survive the COVID-19 pandemic,” Chicago U.S. Attorney John Lausch said on Tuesday in a statement announcing the accusations. “My office is working closely with our law enforcement partners to hold accountable anyone who seeks to commit fraud under this important program. “

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“We are not moving” on the size of the stimulus program: $ 2.2 trillion or nothing https://www.intersindicalrtvv.com/we-are-not-moving-on-the-size-of-the-stimulus-program-2-2-trillion-or-nothing/ Tue, 09 Mar 2021 10:57:53 +0000 https://www.intersindicalrtvv.com/we-are-not-moving-on-the-size-of-the-stimulus-program-2-2-trillion-or-nothing/ [ad_1]

House Speaker Nancy Pelosi has a direct message for her fellow Republicans on the upcoming stimulus package: take it or leave it.

Here is what you need to know.

Stimulus Package: $ 2.2 trillion or nothing

Congress is at a “tragic stalemate” over the next stimulus package, says Pelosi, a Democrat from California. Pelosi told Republicans there will be no further talks until Republicans agree to a $ 2.2 trillion stimulus package, which is almost double the size of the original Republican stimulus proposal known as the Heals Act.

“We have said over and over again that we are ready to go down [and] meet them in the middle, ”Pelosi told reporters, referring to Republicans in the Senate. “It would be $ 2.2 trillion. When they are ready to do so, we will be ready to discuss and negotiate. I did not have this impression during this call.


Pelosi: We are not moving

Pelosi is referring to a 25-minute call she had with White House Chief of Staff Mark Meadows on Thursday. The phone call was the first stimulus talk between Democrats and Republicans since August 7, when many expected Congress to pass the next stimulus package. The problem is clear: Republicans are not interested in doubling the size of the next stimulus package. Republicans proposed the Heals Act, a $ 1 trillion stimulus package, as the next stimulus plan. In contrast, Democrats proposed the Heroes Act, a $ 3 trillion stimulus bill. As Pelosi wants to meet in the middle, Republicans say they are concerned about total stimulus spending, which has already surpassed several trillions of dollars.

“It could be a very short conversation if they’re not ready to meet in the middle. We are not moving. They have to move.


Stimulus package: 3 potential scenarios

Will Senate Republicans respond to Pelosi’s ultimatum? Meadows and Treasury Secretary Steven Mnuchin have both said Republicans will not accept a $ 2 trillion price tag for the next stimulus. Faced with this impasse, where do we go from here?

Here are 3 potential scenarios for what could happen next.

1. There is no revival agreement

There may simply be no other stimulus package. It almost seems unbelievable, given that Senate Majority Leader Mitch McConnell (R-KY) said last month that a stimulus deal could be finalized in several weeks. Both sides wanted a stimulus deal, even though they had not agreed on funding amounts and political priorities. With 35 senators and all members of the House of Representatives vying for re-election in November, it always helps for elected officials to return to their constituencies and show concrete financial relief to their constituents. Without a stimulus package, there may not be a second stimulus check or additional funding for federal unemployment benefits, the opening of schools, the payment protection plan, small business loans and more. coronavirus tests, for example. For a large and comprehensive stimulus package, McConnell needs bipartisan support. However, if the two sides cannot agree on total spending, there won’t be a big stimulus bill.


2. Republicans pass their own stimulus bill

Republicans could pass their own Senate stimulus bill …without democrats. That didn’t seem possible last month because some budget-conservative Republicans opposed an additional $ 1,000 billion in federal spending. Senator Lindsay Graham (R-SC) then said on Fox news this “half of republicans will vote “no” to more aid. It’s just a fact. Conservatives are focused on limiting federal spending and note that Congress has approved billions of dollars in spending for previous stimuli in response to the Covid-19 pandemic. Some conservatives also say that spending more money is not the way problems should be solved.

That said, it is possible that Senate Republicans will pass a smaller stimulus bill, which could appease conservative Republicans. If McConnell can find enough Republican support, he could pass a smaller stimulus bill with more limited bipartisan support. Senate Republicans work on new $ 500 billion stimulus bill which could include funding for:

However, the new stimulus bill would not include any second dunning check. Likewise, do not expect proposals cancel student loans.


3. Republicans agree to $ 2 trillion stimulus deal

Finally, Republicans could agree to a $ 2 trillion stimulus package to appease Pelosi and Senate Minority Leader Chuck Schumer (D-NY). While not impossible, it is highly improbable. Senate Republicans would be open to a $ 1 trillion stimulus package, if Democrats agree. So either the Democrats accept $ 1,000 billion, or the Republicans accept $ 2,000 billion (or they compromise on another number). Otherwise, the deadlock is likely to continue until September.


Next Steps: Where Do We Go From Here?

Based on Pelosi’s comments, either Republicans must accept his proposal or they can pass their own legislation in the Senate. Currently, Congress is on vacation, although members can return to Washington on 24 hours’ notice. The Senate is on vacation until September 8 and the House of Representatives is on vacation until September 14. Senate Republicans could introduce a new stimulus bill as early as this week. If it won’t include all Democratic priorities, will it be enough to satisfy the American people and provide essential financial relief?


Associated resources

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Why you got a $ 500 stimulus check this week

Here’s when $ 300 a week in unemployment benefits can start

Will you get a second stimulus check in Trump’s executive order?

That second stimulus check would pay the most

When will my second dunning check arrive?

Trump: I’m ready to take action on stimulus checks, rental aid

Trump suspends student loan repayments until December 31

New stimulus today: second stimulus checks, unemployment benefits and more

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Second dunning checks: 4 plans compared

Trump: student loans can be extended for “additional periods”

Trump: second stimulus checks may be over $ 1,200

What the new stimulus package means for your student loans

Stimulus: Here are the latest numbers for the second raise checks and more

Second stimulus checks may be less than $ 1,200

Second dunning checks: your questions answered

Trump wants at least $ 2 trillion for the next stimulus

Don’t Expect A Student Loan Discount In The Next Stimulus Bill

Student Loan Refinance Rates Are Insanely Cheap

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