Fund – Infogima http://infogima.com/ Tue, 29 Mar 2022 16:36:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://infogima.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Fund – Infogima http://infogima.com/ 32 32 Arsenal fans react to loaned midfielder Joe Willock’s performance https://infogima.com/2021/04/08/arsenal-fans-react-to-loaned-midfielder-joe-willocks-performance/ https://infogima.com/2021/04/08/arsenal-fans-react-to-loaned-midfielder-joe-willocks-performance/#respond Thu, 08 Apr 2021 02:38:32 +0000 https://infogima.com/2021/04/08/arsenal-fans-react-to-loaned-midfielder-joe-willocks-performance/

Joe Willock played 90 minutes last night to help Newcastle United earn a Premier League point – and some Arsenal fans on Twitter were in awe of what they saw of their star on loan.

Willock, 21, moved to St James’ Park in the January window on loan from Arsenal for the remainder of the season.

The central midfielder is a product of the Gunners’ academy who made 78 senior appearances for them.

But Mikel Arteta’s side have decided to grant him regular football elsewhere for the second half of this season.

Willock played Newcastle’s 1-1 draw at home against Aston Villa on Friday night in the Premier League.

Oldest player in EACH Euro 2020 squad: where were they 7 years ago?

He quickly became a ubiquitous element in Steve Bruce’s eleven and was lively in the center of the park against Villa, seeing plenty of the ball and working hard defensively.

A selection of Arsenal supporters on social media were in awe of what they saw of the central midfielder all in action in a Newcastle shirt.

One of them suggested he could end up replacing Dani Ceballos next season at Emirates Stadium.

Willock will return to Arsenal’s squad at the end of the season as is, while Ceballos is expected to return to Real Madrid following his loan spell at Arsenal.

Here are some Gunners fans chatting about Willock:

https://twitter.com/AFCRizZypw/status/1370484777820819459

Do you have something to tell us about this article?


]]> https://infogima.com/2021/04/08/arsenal-fans-react-to-loaned-midfielder-joe-willocks-performance/feed/ 0 WSU Students Form Online Investor Community and Benefit From Volatile Stock Market | Characteristics https://infogima.com/2021/04/08/wsu-students-form-online-investor-community-and-benefit-from-volatile-stock-market-characteristics/ https://infogima.com/2021/04/08/wsu-students-form-online-investor-community-and-benefit-from-volatile-stock-market-characteristics/#respond Thu, 08 Apr 2021 02:38:20 +0000 https://infogima.com/2021/04/08/wsu-students-form-online-investor-community-and-benefit-from-volatile-stock-market-characteristics/

A few Wayne State students tried their luck in early January, hoping to get rich from Wall Street and its GameStop saga.

An online community of investors, known as WallStreetBets on Reddit, has banded together to create artificial demand for a failing stock price in late January, according to ABC News. This has led many newbie investors to enter the market. As the amount of stock purchases increased, so did the prices. At its peak, GameStop saw a 14,300% increase in its share value, according to CNET.

This situation, leaving many economists and investors perplexed, continued with GameStop shares doubling and prices soaring in late February.

“There is nothing that motivates a human being more than a random payout, so it’s very tempting to treat the stock market like a slot machine,” said Matthew Roling, part-time professor of finance at WSU. . Rolling also offers investment advice on Youtube.

Roling said he supports a democratized stock market, allowing people more flexibility and freedom when buying stocks, although caution should be exercised.

WSU students who have little or no investment experience join online communities and chat with more experienced peers for investment advice. Some students have even created a Discord server – titled Wayne Stonks University – where WSU students can discuss stocks with each other.






Photo from Wayne Stonks University Discord server, provided by George Mourtos.


The WSU student organization was formed after young computer science graduate George Mourtos had a stock market conversation with his peers during a panel discussion for one of his classes, he said. stated in a March 22 email to The South End.

“(Others) said not to fill the group discussion with things unrelated to the class. So from there we started and a few others were interested in investing, ”Mourtos said. “Now there are a few hot calls and stocks that some of us, the more experienced ones, have our eyes on and if it hits us and takes us for a ride, those who take our knowledge can win or lose. ‘money.”

Students who decide to join the Discord server must agree to a disclosure agreement before being granted access to the server, Mourtos said.

A few WSU students have been lucky with their investments.

“I bought Gamestop shares at $ 42 and ended up selling my shares at around $ 300,” said second-year biology student Neil Rastogi.

Rastogi frequents Reddit and Discord for advice on stocks, he said, but understands that these market bets may not always work.

“It’s important to realize that any investment you make can be lost. Every time you step into a transaction you need to go in knowing that you may never get that money back. But if things work out you can get a great return, ”said Rastogi.

Students should be mindful of how they want to invest, Roling said. Most investments that are considered bets will end in a loss.

“The good news is Wall Street doesn’t care in five, 10, 15, 20 or 30 years,” Roling said. “If you have a very long horizon, you can win.”

Roling recommends that novice investors put their money in long-term index funds, which aren’t high risk but still offer a long-term reward, he said.

“The way you earn is with low fees and diversification, you take the money and put it in an index fund where you have low fees and can continue to accumulate money there,” Roling said. .

The average stock portfolio only earns 9% per year, while the average credit card earns 16% interest, Roling said. People shouldn’t invest in stocks if they have credit card debt, but interest on school or auto loans isn’t as disruptive.

“I understand people want to be rich at 20, but you know what’s even cooler? To be rich at 40 and not get there by gambling, ”Rolling said. “There is nothing more powerful than compound interest, and compound interest feeds on time.”

Roling is unsure of the future of the market, but said he had specific hopes.

“Over the past 20 years you have seen a massive shift in the economy as we have moved from an analog world to a digital world. I think in the next 20 years you’re going to see a massive shift in the economy as we move from oil to a sustainable world, ”Roling said.

WSU students interested in being a part of Wayne Stonks University can join the Discord here.


Arben Gacaferi is correspondent for The South End. He can be contacted at newsreportertse@gmail.com.

Cover created by Dori Gross, graphic designer for The South End. She can be reached at gh6421@wayne.edu.

]]>
https://infogima.com/2021/04/08/wsu-students-form-online-investor-community-and-benefit-from-volatile-stock-market-characteristics/feed/ 0
Public-private collaboration is key to securing funding for long-term care for middle-income Americans https://infogima.com/2021/04/08/public-private-collaboration-is-key-to-securing-funding-for-long-term-care-for-middle-income-americans/ https://infogima.com/2021/04/08/public-private-collaboration-is-key-to-securing-funding-for-long-term-care-for-middle-income-americans/#respond Thu, 08 Apr 2021 02:38:11 +0000 https://infogima.com/2021/04/08/public-private-collaboration-is-key-to-securing-funding-for-long-term-care-for-middle-income-americans/

WASHINGTON–() – The Milken Institute today released a new report highlighting innovative public and private sector solutions that can expand access and delivery of long-term care for middle-income Americans. Published in collaboration with Genworth, “New approaches to accessing long-term care for middle-income householdsExamines the funding, technological and healthcare challenges of the current system and offers recommendations for overcoming these barriers.

Recent studies have found that more than half of middle-income seniors will not be able to afford the care they need. Meanwhile, while the pandemic has exposed glaring vulnerabilities in the long-term care system, it has also ushered in greater use of technology with telehealth and home care.

“Middle-income Americans are stuck between the inability to afford private long-term care and not being eligible for government-sponsored programs like Medicaid. This can lead to a gap in care for a significant portion of the population, ”said Nora Super, Senior Director of the Milken Institute Center for the Future of Aging.

The report follows a Financial Innovations Lab® that the Milken Institute hosted in fall 2020. The lab brought together an expert group of stakeholders from government, healthcare, long-term care delivery, insurance, finance and academia to develop solutions that can improve access to quality and affordable long-term care for middle-income households.

“The pandemic has raised awareness of the loopholes that exist in the current long-term care ecosystem. The concrete recommendations outlined in this report are essential in closing the gap in providing meaningful and much-needed long-term care solutions for millions of people. middle-income people, ”said Tom McInerney, President and CEO of Genworth. “It will take collaboration and innovative thinking between stakeholders at the federal and state levels, public and private sectors, to follow the roadmap set out in the report and effect the change that is so desperately needed. ”

Building on the lab and further research, the Milken Institute offers specific recommendations for public and private collaboration to successfully fund long-term care, including:

  • Design a large-scale demonstration project to better analyze the costs and benefits of various technological solutions that improve home care. There are many private sector pilot programs measuring the effectiveness of solutions such as telehealth and remote monitoring, but these programs do not use standardized data and evaluation frameworks. The report offers a roadmap for developing a cohesive demonstration project and describes specific parameters such as demographic profile, evaluation measures, and potential funding sources for successful program design.
  • Expand access to integrated care for middle-income Americans who cannot afford specialized private care programs and who are not eligible for Medicaid. The report recommends expanding promising integrated care programs that are already available in the market, such as Special Needs Plans (SNPs) and All Inclusive Care Programs for the Elderly (PACE). The proposed changes include offering a new community-based SNP or expanded access to CAPC through a tiered delivery structure, providing broader access to non-medical support services to a much larger cohort.
  • Develop new public-private complementary insurance solutions that offer transparent and affordable coverage and segment risk. Long-term care is too expensive for the private or public sector to deal with on its own. In order to mitigate the associated costs and risks, the Milken Institute has identified a new approach that allows the public sector to develop long-term care insurance programs that cover the first two years of long-term care costs, followed by complementary long-term care from the private sector. long-term care insurance products that provide coverage for additional years. For the longest and most expensive cases, Medicaid would continue to serve as a safety net. This is a more nuanced approach to risk segmentation than is typical in current models.

Caitlin maclean, Senior Director of Innovative Finance at the Milken Institute, added: “These innovative solutions can improve access to high-quality care for older people while reducing costs for public and private payers. ”

The Milken Institute will continue to leverage our network, engage policy makers, and provide a platform to advance these solutions. We encourage stakeholders in the long-term care ecosystem to heed these recommendations and advance access to quality care for Americans across the socio-economic spectrum.

“New Approaches to Access to Long-Term Care for Middle-Income Households” is co-authored by Jason davis and Caroline Servat. The full report can be downloaded here.

About the Milken Institute

The Milken Institute is a non-profit, non-partisan think tank that helps people build meaningful lives in which they can experience health and wellness, pursue effective education and gainful employment, and access resources. necessary to create ever-increasing opportunities for themselves and their larger communities. For more information visit https://milkeninstitute.org/.

About the financial innovation laboratories®

The Financial Innovations Labs® bring together researchers, policymakers, and business, finance and professional practitioners to create market-based solutions to business and public policy challenges. Using real and simulated case studies, participants examine and design alternative capital structures, then apply appropriate financial technologies to them.

About the Milken Institute Center for the Future of Aging

The Milken Institute Center for the Future of Aging raises awareness, offers solutions and catalyzes action to promote healthy longevity and financial well-being. Through research, convening, advocacy and partnership with leaders from key sectors, the Center strives to improve lives and build a better future for all ages.

About Genworth Financial

Genworth Financial, Inc. (“Genworth”) is a leading Fortune 500 insurance holding company committed to helping families realize the dream of homeownership and meet the financial challenges of aging through its leadership positions. in mortgage loan insurance and long-term care insurance. Based in Richmond, Virginia, Genworth dates back to 1871 and became a public company in 2004.

Additional experts available to discuss long-term care

  • Marc Cohen, Co-Director, LeadingAge LTSS Center, UMass Boston
  • Richard Franck, Margaret T. Morris Professor of Health Economics, Department of Health Care Policy, Harvard Medical School
  • Jeff Huber, CEO, Home Place
  • Robert kramer, Founder and Strategic Advisor, National Investment Center for Housing and Elderly Care
  • Tom McInerney, President and CEO, Genworth Financial
  • Susan reinhard, Senior Vice President and Director, AARP Public Policy Institute
  • Katie smith sloan, President and CEO, LeadingAge
  • Anne Tumlinson, CEO, ATI Advisory

]]> https://infogima.com/2021/04/08/public-private-collaboration-is-key-to-securing-funding-for-long-term-care-for-middle-income-americans/feed/ 0 Nashville explosion suspect Anthony Quinn Warner died in blast, FBI says https://infogima.com/2021/04/08/nashville-explosion-suspect-anthony-quinn-warner-died-in-blast-fbi-says/ https://infogima.com/2021/04/08/nashville-explosion-suspect-anthony-quinn-warner-died-in-blast-fbi-says/#respond Thu, 08 Apr 2021 02:37:56 +0000 https://infogima.com/2021/04/08/nashville-explosion-suspect-anthony-quinn-warner-died-in-blast-fbi-says/

NASHVILLE, Tennessee (AP) – Federal officials on Sunday identified the man they say is responsible for the Christmas Day bombing and said he was dead in the blast.

U.S. Attorney Don Cochran identified the suspect on Sunday as Anthony Quinn Warner. Investigators said they used DNA to determine the remains belonged to Warner. The FBI said it also matched the RV’s vehicle identification number to a record belonging to Warner.

Federal agents and police raided a home in suburban Nashville associated with Warner. Authorities did not immediately provide details of a potential motive.

FBI Special Agent Douglas Korneski said there was no indication anyone else was involved in the blast except Warner.

This is a developing story.

On Christmas Day, Nashville Police urged local residents to move away as a disturbing recording sounded from an RV. Suddenly the warning stopped and Petula Clark’s 1964 hit “Downtown” started playing. Then the bomb exploded.

Police officers provided heartbreaking details on the response to the Christmas morning explosion in downtown Nashville on Sunday, sometimes choking on reliving the moments leading up to the explosion and thanking you for still being desire.

“It’s going to bind us forever, for the rest of my life,” Officer James Wells, who suffered hearing loss from the blast, told reporters at a press conference. “Christmas will never be the same. “

63-year-old Tennessee man Anthony Q. Warner was under investigation in connection with the explosion, Nashville Subway Police spokesman Don Aaron said. He did not provide further details. Warner had experience with electronics and alarms, according to public records, and had worked as a computer consultant for a Nashville real estate agent.

The five officers who responded recounted what happened on Friday as investigators continued to decipher the motive for the recreational vehicle bombing on a largely deserted street just after issuing the recorded warning advising people to evacuate.

“I just see orange and I hear a big boom. As I stumble, I just tell myself to stand up and stay alive, ”Wells said, sometimes in tears.

Officer Amanda Topping said she initially parked their police car next to the camper van while answering the call before moving it after they heard the recording. Topping said she called his wife to let her know “things were really weird” as she helped get people away from the motorhome.

It was then that she heard the recording of the motorhome go from a warning to reading Clark’s hit “Downtown.” Moments later, the explosion struck.

“I felt the heat waves but just lost them and started sprinting towards (Wells),” Topping said. “I have never grabbed someone so strong in my life.”

Officer Brenna Hosey said she and her colleagues knocked on six or seven doors on neighboring apartments to warn people to evacuate. She particularly remembered a frightened mother of four children.

“I don’t have children but I have cousins ​​and nieces, people I love who are little,” Hosey said, adding that she had to beg the family to leave the building the most. quickly possible.

The attack, which damaged an AT&T building, continued to wreak havoc on mobile phone services and police and hospital communications in several southern states as the company worked to restore service.

Investigators from several federal and local law enforcement agencies descended on a house in Antioch, suburb of Nashville, on Saturday after receiving information relevant to the investigation, FBI Special Agent Jason said. Pack.

Another law enforcement official, who was not authorized to discuss an ongoing investigation and spoke to the Associated Press on condition of anonymity, said authorities were investigating a person associated with the property, which he identified as Warner.

Federal agents could be seen looking around the property, searching the house and the backyard. A Google Maps image captured in May 2019 had shown a camper van similar to the one that exploded parked in the backyard, but it was not at the property on Saturday, according to an AP reporter at the scene.

The official said federal investigators were looking at Warner’s digital footprint and financial history, as well as a recent transfer of deed from the house they searched on the outskirts of Nashville.

Forensic analysts were also examining evidence gathered from the blast site in an attempt to identify components of the explosives as well as information from the US Bomb Data Center for intelligence and investigation purposes, the official said.

He said federal agents were looking at a number of potential leads and pursuing several theories, including the possibility that the AT&T building was targeted. The bomb caused damage that affected communications in several states.

Investigators shut down the heart of downtown Nashville’s tourist scene – an area teeming with honky-tonks, restaurants and shops – as they walked through broken glass and damaged buildings to learn more about the explosion.

Meanwhile, Nashville real estate agent Steve Fridrich told the AP in a text message that Warner had worked for his company as a computer consultant, and informed him that he was retiring more. early this month. The company has informed authorities of past IT work, Fridrich said.

There were other signs of progress in the investigation. The FBI said it was examining a number of individuals who may be linked to it. Officials also said no other explosive device was found, indicating no active threat to the area.

Investigators also said they were working to identify the human remains found at the scene. Beyond that, the only known casualties were three injured people.

The damage to the infrastructure was widely felt, due to an AT&T central office hit by the blast. Police emergency systems in Tennessee, Kentucky and Alabama, as well as the Nashville COVID-19 community helpline and a handful of hospital systems have been affected.

The building contained a telephone exchange, with networking equipment, but the company declined to say exactly how many people were affected.

AT&T said on Sunday it was redirecting service to other facilities as the company worked to restore its heavily damaged building. The company said in a statement it is providing resources to help recover affected voice and data services and expects to have 24 more trailers of disaster recovery equipment on site by the end of the day. .

Restoration efforts faced several challenges, including a fire that forced their teams to work with safety and structural engineers and drill access holes into the building to reconnect electricity.

The Federal Aviation Administration has issued a temporary flight restriction around the airport, requiring pilots to follow strict procedures until December 30.

___

Article by KIMBERLEE KRUESI, MICHAEL BALSAMO and ERIC TUCKER of the Associated Press

Balsamo and Tucker reported from Washington. Associated Press writer Scott Stroud and photographer Mark Humphrey in Nashville contributed to this report.

]]>
https://infogima.com/2021/04/08/nashville-explosion-suspect-anthony-quinn-warner-died-in-blast-fbi-says/feed/ 0
Fresh corn on the cob hit local farm stalls https://infogima.com/2021/04/08/fresh-corn-on-the-cob-hit-local-farm-stalls/ https://infogima.com/2021/04/08/fresh-corn-on-the-cob-hit-local-farm-stalls/#respond Thu, 08 Apr 2021 02:37:37 +0000 https://infogima.com/2021/04/08/fresh-corn-on-the-cob-hit-local-farm-stalls/

Chicopee – Sweetness and Trinity are the buzzwords lately at McKinstry’s Market Garden in Chicopee. These are the first two varieties of sweet corn that are now picked and sold at the farm stand on Montgomery Street.

“It was a tough start to the season,” said Willard “Bill” McKinstry, now the patriarch of the family farm. He explained that the cooler temperatures in April hampered the growth of the earliest varieties. “You will have rows of Trinity where some plants have grown and some have not grown next to each other.”

McKinstry’s Market Garden began selling corn on July 3, just in time for the holiday weekend. The retail corn bin was fully stocked Monday afternoon.

The McKinstries planted about 150 acres of sweet corn in their fields in Chicopee, Granby and Hadley.

During the week, four farm workers collect around 80 cases of corn per day. One case contains five dozen ears of corn. An additional pickup is added on weekends.

Bill McKinstry predicts about three more weeks of patchy growth for the early varieties before things return to normal and the late varieties mature.

Currently, the ears are selling for 67 cents, a bargain compared to the $ 1.25 / ear McKinstry saw in the Hartford area.

]]>
https://infogima.com/2021/04/08/fresh-corn-on-the-cob-hit-local-farm-stalls/feed/ 0
Banco Bradesco Stock – Mortgage boom may come home to roost for banks in Brazil | Zoom Fintech https://infogima.com/2021/04/08/banco-bradesco-stock-mortgage-boom-may-come-home-to-roost-for-banks-in-brazil-zoom-fintech/ https://infogima.com/2021/04/08/banco-bradesco-stock-mortgage-boom-may-come-home-to-roost-for-banks-in-brazil-zoom-fintech/#respond Thu, 08 Apr 2021 02:37:10 +0000 https://infogima.com/2021/04/08/banco-bradesco-stock-mortgage-boom-may-come-home-to-roost-for-banks-in-brazil-zoom-fintech/ Banco Bradesco stock – Mortgage the boom may come home to roost for Brazil’s banks

SAO PAULO (Reuters) – Owning their first home on the outskirts of Sao Paulo felt like a distant dream when tattoo artist Fernando do Prado and pharmacist Jenifer Ferreira got engaged in January.

A construction project is seen in Rio de Janeiro, Brazil on November 28, 2020. REUTERS / Pilar Olivares

However, they soon realized that it was within reach if they used their savings as a deposit, with mortgage payments for a similar-sized apartment on the outskirts of South America’s largest city costing less than $ 10. half of the equivalent monthly rent.

“It meant a lot to us to start our life together by already owning our home,” Jenifer said after the couple’s dream came true in September with the purchase of a two-bedroom apartment.

A dramatic drop in interest rates sparked a mortgage boom in Brazil, making home ownership possible for thousands of people like Jenifer and Fernando and tempting others to swap or spend for a home at home. the countryside or by the beach.

The rise is welcome for banks such as Brazil’s biggest lender Itau Unibanco, Banco Bradesco and Banco Santander Brasil, whose business loan portfolios have been put under pressure by the coronavirus crisis.

COVID-19 has also triggered record job losses and an increase in mortgage defaults on home loans, creating a potentially dangerous road for borrowers and lenders.

The last such boom in Brazil ended badly, but bankers say this one is different because it is driven by low interest rates, a deep housing deficit and supported by prudent lending models.

“The real estate market in Brazil is well below its potential, leaving a large room for growth despite economic tensions”, Danilo Caffaro, director of mortgages in Itau, said.

Home loans jumped 49% in October from a year earlier to reach their highest monthly volume since 1994, according to data from the Brazilian Mortgage Association, driven by a dramatic drop in the interest rate benchmark at 2%, compared to more than 14% in 2016.

Buying is now much more competitive and each percentage point drop in interest rates puts a mortgage within the reach of 2.8 million more families, according to the Brazilian Construction Association.

“The low rates make a mortgage much more acceptable and allow more and more people to take advantage of it … Thus, people not affected by the pandemic have kept their acquisition plans,” said Cristiane Portella, head of the Brazilian mortgage association Abecip.

WAR MOUTH WARNING

The Brazilian mortgage market is still in its infancy, with outstanding mortgage loans totaling 720 billion reais ($ 135 billion), or about 10% of GDP, or less than half of the ratio in Chile and a fifth from the United States.

And economists estimate that Brazil is about 4.5 million units short of demand, a tantalizing gap for banks and developers.

Rafael Menin, CEO of Brazil’s largest low-income home builder, MRV, predicts that between 20 and 30 years of booming home sales await us if rates stay low.

Brazilian rates are expected to rise in the coming years, a central bank survey predicts benchmark interest rates of 3% in 2021, 4.5% in 2022 and 6% in 2023. But these are much lower to those observed during previous episodes of hyperinflation. .

Chart: Outlook for Brazil benchmarks –

Real estate finance has become one of the fastest growing areas of credit for Itau and its avid secured loan rivals like COVID-19 threatens to defeat unsecured borrowers.

But good mortgages appear as a less risky avenue, some skeptics warn that there could be a hangover.

This is partly due to the fact that, unlike American banks, which sell almost all of their mortgages to third-party investors, Brazilian lenders keep the majority on their balance sheets.

To the state bank Caixa Economica Federal mortgages represent 66% of its loan portfolio, while private sector lenders have 6-8% of their real estate financing.

Banks insist that prudent lending models and collateral will minimize risk and while Brazilian regulators prohibit borrowers from financing more than 80% of a home’s value, lenders have on average maintained this. ratio closer to 60%.

Nonetheless, defaults have increased, reaching a record 6% of outstanding mortgage loans from banks in the first half of 2020, according to data from the Brazilian central bank.

Mortgages accounted for 61% of all loans that were extended as part of the banking sector’s vast forbearance program during the pandemic, the regulator said.

This represented a temporary setback, as 80% of those borrowers had resumed their regular payments by September, the central bank said in an email to Reuters. Mortgage holders continued to request grace periods, but at a slower pace.

PAST ERRORS

Five years ago, a real estate boom ended with banks taking over hundreds of apartments and entire buildings that they were then forced to unload at a discount.

But banks and home builders say those mistakes won’t happen again amid low interest rates and new repossession rules.

However, risks loom and a hike in the benchmark rate, which economists see as likely amid mounting fiscal concerns, as well as inflation, could push up the cost of some. mortgages.

Floating rate loans are still only 3% of total outstanding, but recent central bank data shows they are on the rise, exposing borrowers to any increase in underlying rates.

Santander Brasil has decided not to offer variable rates because it believes customers may have problems repaying these loans in the near future, the bank’s mortgage manager Sandro Gamba said.

And another rise in unemployment, which is already 14.6%, could also pose a risk even for those on fixed-rate deals.

“There could be problems here and there for the banks, but I don’t see any systemic risk. Unlike the last real estate crisis, house prices and interest rates are at their lowest, ”said analyst Fabio Fonseca, partner at JGP Gestão de Recursos.

Still, there are signs of rising prices, with those in some neighborhoods in Sao Paulo increasing in 2020.

Cyrela Brazil Realty SA, Brazil’s largest homebuilder by market value, said demand had pushed up introductory prices in the Brooklin district by about 5% in less than a year, although all cities did not record such gains.

Bradesco head of mortgages Romero Albuquerque said that although the turmoil caused by the COVIDThe -19 pandemic has led his bank and others to tighten lending criteria, there is still a lot to do.

“The low interest rates have made real estate finance so much cheaper that the demand is huge even considering only very good payers,” Albuquerque said.

Reporting by Carolina Mandl; Editing by Christian Plumb and Alexander Smith

Banco Bradesco shares – Mortgage the boom may come home to roost for Brazil’s banks

]]>
https://infogima.com/2021/04/08/banco-bradesco-stock-mortgage-boom-may-come-home-to-roost-for-banks-in-brazil-zoom-fintech/feed/ 0
Analyst: Canopy growth to drop 38% to $ 27 https://infogima.com/2021/04/08/analyst-canopy-growth-to-drop-38-to-27/ https://infogima.com/2021/04/08/analyst-canopy-growth-to-drop-38-to-27/#respond Thu, 08 Apr 2021 02:36:43 +0000 https://infogima.com/2021/04/08/analyst-canopy-growth-to-drop-38-to-27/

Investors may be high on marijuana stocks these days, but one notable analyst isn’t exactly bullish on one of the biggest names in the industry.

Piper Sandler’s Michael Lavery cut his recommendation on the industry barometer on Friday Canopy growth (NASDAQ: CGC) from overweight to neutrality. He maintains his price target of $ 27 per share, which means he believes the stock could fall almost 40% from its current level.

Image source: Getty Images.

Lavery pointed out that Canopy Growth is up 215% since October, an increase due to the likelihood that marijuana will soon be legalized in the United States. He tempered the enthusiasm for the prospect, believing that such a change in status is still two to four years one way. Many marijuana investors, encouraged by recent statements by powerful senators, believe it could happen this year.

Although Canopy Growth is based in Canada, it has made deals to buy stakes in US companies. Area of ​​assets and Canadian peer TerrAscend (which has operations in New Jersey and California). These agreements, however, depend on the United States. change the legal status of marijuana.

Meanwhile, the tipster pointed out that Canopy Growth shares are trading at 21 times the company’s estimated sales for the year 2022, making the company extremely expensive on that basis. He doesn’t think the fundamentals of the company justify such a high number.

Investors will get a glimpse of Lavery’s movement accuracy on Tuesday, when Canopy Growth releases its third quarter fiscal 2021 results ahead of the market opening.

Some are probably expecting the company to release some encouraging numbers. On Monday, Canopy Growth stock closed up 2.2%, eclipsing the 0.7% increase in the S&P 500 index.

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

]]>
https://infogima.com/2021/04/08/analyst-canopy-growth-to-drop-38-to-27/feed/ 0
scholarship winner comes home to lead | 2021-01-28 https://infogima.com/2021/04/07/scholarship-winner-comes-home-to-lead-2021-01-28/ https://infogima.com/2021/04/07/scholarship-winner-comes-home-to-lead-2021-01-28/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://infogima.com/2021/04/07/scholarship-winner-comes-home-to-lead-2021-01-28/

Kelli Holloway was waiting for her scholarship from Foundation of the State Employees Credit Union (SECU), Raleigh, NC, to pursue a career as a lawyer.

Instead, it led to her becoming vice president of membership education and outreach with $ 46 billion in assets. SECU.

Holloway’s path curved back to his hometown after graduating from the University of North Carolina at Chapel Hill. An only child, she returned to Raleigh to help care for her mother while saving money for her law school education.

She hoped that being a fellow would give her an edge in finding a job at SECU, and she was soon offered a position as a financial services manager helping members get loans and mortgages.

Holloway has also made presentations to elementary and middle schools. After an executive saw her presentation, she became a member education specialist.

“It fits my passion and my goal,” says Holloway. “How great to have been able to make this my position.”

Today, Holloway leads a team of 10 employees who develop programs and presentations and support branch staff who help deliver them to members, schools, youth groups and community organizations throughout Carolina’s 100 counties. North.

Holloway describes herself as a “radical optimist” who is passionate about her faith and demonstrates “the radical acceptance” that life is different during a pandemic.

As a manager, she compares her “radical enthusiasm” for her team to the crowd in “The Price is Right,” where everyone encourages each candidate to succeed. She believes credit unions thrive on teamwork that gives everyone a seat at the table.

“There is a freedom to be radical,” Holloway said. “When you feel comfortable with the discomfort it shows good leadership, so that’s the kind of radical optimist I aim to be.”

“If we want to say that we are diverse, we have to walk it, we have to speak it, we have to show it.”

Kelli Holloway

Holloway is ready to speak to help others understand diversity, equity and inclusion opportunities, and is a member of the Board of the South Region Committee for Coalition of African-American Credit Unions. For example, she helped amplify an employee’s comment that management messages should be diverse.

“Performance matters,” Holloway said. “So if we’re going to say we’re diverse, we’ve got to walk it, we’ve got to talk it, we’ve got to show it.”

After the death of George Floyd and Breonna Taylor sparked protests, Holloway realized that “the employees were suffocated by the grief this moment brought”.

She has been tasked with leading a “Critical Conversations” course to help managers become sensitive to racial injustices and respond with empathy. More than 100 SECU managers have taken the 90-minute course so far, with plans to deliver it to several hundred more managers in the coming months.

Holloway sometimes feels the combined stress of social tensions, being a black woman in a leadership role, and juggling the challenges of career, motherhood, and caring for her own mother. She relies on faith to restore her spirit, while spending time with her husband Mike and daughters Ava, three months, and Zoie, three.

Holloway’s faith brings a “willing heart and servant leader” perspective to her work.

“There is no limit to your ability to learn more about others, to take care of yourself and to put yourself in their shoes,” says Holloway. “This is how you can change not only policies and procedures, but also minds and hearts. “

To learn more about Black History Month profiles, click here

]]>
https://infogima.com/2021/04/07/scholarship-winner-comes-home-to-lead-2021-01-28/feed/ 0
JV secures $ 105 million in funding for logistics center project https://infogima.com/2021/04/07/jv-secures-105-million-in-funding-for-logistics-center-project/ https://infogima.com/2021/04/07/jv-secures-105-million-in-funding-for-logistics-center-project/#respond Wed, 07 Apr 2021 23:17:42 +0000 https://infogima.com/2021/04/07/jv-secures-105-million-in-funding-for-logistics-center-project/

CHERRY VALLEY, CA – Shopoff Realty Investments has secured a $ 105 million construction loan for a logistics hub project in Cherry Valley, California. Shopoff Realty Investments is developing the project in partnership with Artemis Real Estate Partners.

The company has obtained financing from OZK Bank.

Located on 155 acres of land near I-10 and Cherry Valley Boulevard. interchange, the project comprises two large logistics / warehouse buildings, which cover a total area of ​​1,832,667 square feet. Building 1 will cover 814,822 square feet and Building 2 will cover 1,017,845 square feet.

Designed to qualify for LEED Silver certification, the buildings will feature 40-foot clear ceilings, 665 employee parking spaces, 585 trailer parking spaces and 296 dock doors.

“This project represents one of the few opportunities to develop a much needed logistics product in Southern California,” said William Shopoff, President and CEO of Shopoff Realty Investments. “We believe this state-of-the-art logistics center with access to the I-10 will be in high demand as users continue to need large buildings to meet demand. “

With the recently secured funding, development of the project site will begin in April 2021. Construction is expected to be completed in summer 2022.

Mark Strauss and Rob Quarton of Walker & Dunlop represented the joint venture partnership by guaranteeing the $ 105 million construction loan.

“Bank OZK is delighted to provide top-notch secure construction financing for the I-10 Logistics Center, a project with strong market fundamentals and top sponsorship,” said Jason Choulochas, regional assembly manager at within the real estate specialist group of Bank OZK. “We appreciate the opportunity to work with Shopoff and Artemis on this project and look forward to a very successful execution.”

In the end, CBRE will represent the property.

“When complete, this will be the highest quality product of its kind on the market, and we are delighted to be able to represent Shopoff and Artemis, bringing this stellar new offering to the market,” said Darla J. Longo, vice-president. President and Managing Director at CBRE.

]]>
https://infogima.com/2021/04/07/jv-secures-105-million-in-funding-for-logistics-center-project/feed/ 0
Focus Financial Partners increases term loan to pay off gun balance and reset dry powder in anticipation of strong M&A momentum in 2021 https://infogima.com/2021/04/07/focus-financial-partners-increases-term-loan-to-pay-off-gun-balance-and-reset-dry-powder-in-anticipation-of-strong-ma-momentum-in-2021/ https://infogima.com/2021/04/07/focus-financial-partners-increases-term-loan-to-pay-off-gun-balance-and-reset-dry-powder-in-anticipation-of-strong-ma-momentum-in-2021/#respond Wed, 07 Apr 2021 23:17:40 +0000 https://infogima.com/2021/04/07/focus-financial-partners-increases-term-loan-to-pay-off-gun-balance-and-reset-dry-powder-in-anticipation-of-strong-ma-momentum-in-2021/

NEW YORK, NY / ACCESSWIRE / January 19, 2021 / Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent trust wealth management companies, today announced the launch of a transaction to increase the size of its loan to Senior Term (“Term Loan”) of $ 375 million. Focus expects to complete this transaction in January 2021 and use the proceeds to repay outstanding loans on its $ 650 million First Lien revolver (“Revolver”). There will be no change to the existing terms of the Revolver as a result of this reduction in borrowing. As of December 31, 2020, Focus’s outstanding term loan and revolver balances were approximately $ 1.13 billion and $ 380 million, respectively.

“We are taking advantage of the positive credit and interest rate environment to increase the borrowing capacity of our Revolver,” said Jim Shanahan, CFO of Focus. “Our M&A momentum is strong, and we expect it will only intensify this year as more of our partner companies accelerate their growth through mergers. In addition, our partner company Connectus has a strong pipeline and will further expand its global presence in 2021. This transaction resets our dry powder, increasing our flexibility to capitalize on this momentum. However, we continue to manage our balance sheet prudently and reaffirm our 3.5x to 4.5x net leverage ratio target range. Our strong cash flow generation allows us to optimize our use of debt as we grow our business.

About Focus Financial Partners

Focus Financial Partners Inc. is a leading partnership of independent trust wealth management companies. Focus provides access to best practices, resources and continuity planning for its partner firms that provide individuals, families, employers and institutions with comprehensive wealth management services. Focus’s partner companies maintain their operational independence, while benefiting from the synergies, scale, economy and best practices offered by Focus to achieve their business objectives. For more information on Focus, please visit focusfinancialpartners.com.

Caution Regarding Forward-Looking Statements

This press release contains certain forward-looking statements that reflect Focus’s current views regarding certain current and future events. These forward-looking statements are and will be subject to numerous risks, uncertainties and factors relating to Focus’s operations and business environment, including, without limitation, the uncertainty surrounding the current COVID-19 pandemic, which may lead to significantly different future events. of these forward-looking statements or anything implied therein. All forward-looking statements contained in this press release are based on information available to Focus as of the date of this press release. Focus does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes clearly indicate that the statements expressed or implied will not be made. Additional information on risk factors that could affect Focus can be found in the documents filed by Focus with the Securities and Exchange Commission.

Investor and media contact

Tina Madon
Senior Vice President
Head of Investor Relations & Corporate Communication
Focus Financial Partners
Phone. : + 1-646-813-2909
tmadon@focuspartners.com

THE SOURCE: Focus Financial Partners

See the source version on accesswire.com:
https://www.accesswire.com/624783/Focus-Financial-Partners-Increasing-Term-Loan-to-Repay-Revolver-Balance-and-Reset-Dry-Powder-in-Anticipation-of-Strong-MA- Momentum-in-2021

]]>
https://infogima.com/2021/04/07/focus-financial-partners-increases-term-loan-to-pay-off-gun-balance-and-reset-dry-powder-in-anticipation-of-strong-ma-momentum-in-2021/feed/ 0