Boat loans – Salt Water Connections http://saltwaterconnections.org/ Tue, 14 Sep 2021 13:09:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://saltwaterconnections.org/wp-content/uploads/2021/06/cropped-icon-32x32.png Boat loans – Salt Water Connections http://saltwaterconnections.org/ 32 32 4 numbers that explain racial disparities in homeownership – Pasadena Star News https://saltwaterconnections.org/4-numbers-that-explain-racial-disparities-in-homeownership-pasadena-star-news/ https://saltwaterconnections.org/4-numbers-that-explain-racial-disparities-in-homeownership-pasadena-star-news/#respond Wed, 07 Apr 2021 23:16:58 +0000 https://saltwaterconnections.org/4-numbers-that-explain-racial-disparities-in-homeownership-pasadena-star-news/ By Brentin Mock | Bloomberg Buying a home is one of the main ways the average American accumulates wealth to pass it on to their children. But this is something that white families have been able to capitalize on far more than black families. You can’t understand the racial wealth gap in America without addressing […]]]>

By Brentin Mock | Bloomberg

Buying a home is one of the main ways the average American accumulates wealth to pass it on to their children. But this is something that white families have been able to capitalize on far more than black families.

You can’t understand the racial wealth gap in America without addressing historic federal housing policies that have led to deep disparities in homeownership rates.

Here are four numbers that illustrate the persistence of racial disparity in homeownership in the United States.

2019

The year black homeownership hit its lowest rate since the 1970s.

In the 1960s and 1970s, the federal government enacted policies to ban inflammatory practices like redlining, the government-sanctioned program that routinely labeled entire black neighborhoods as the riskiest investments. This practice meant that very few people in black neighborhoods could buy homes, or even get loans to improve homes that had already been purchased.

But despite federal reforms, over the past decades the disparities between black and white homeownership have not improved.

In fact, in the second quarter of 2019, homeownership among blacks hit the lowest rate since the 1970s, at 40.6%. Meanwhile, whites’ ownership soared in early 2019 to 73.1%. The following year ended with slightly higher rates but a similar disparity: 74.5% for white Americans in the last quarter of 2020, and 44.1% for black Americans.

$ 48,000

The average amount that homes in black neighborhoods are dumped compared to white neighborhoods, according to a Brookings analysis.

Home sales values, too, have only grown further apart. A recent study by sociologists Junia Howell and Elizabeth Korver-Glenn found that between 1980 and 2015, the estimated value gap doubled between homes in predominantly white neighborhoods and those in predominantly black or Latino neighborhoods. Another study from the Brookings Institution found that homes in black neighborhoods are 23% undervalued compared to white neighborhoods, or an average of $ 48,000 per home. This is even after controlling for neighborhood, income and education factors. And it cost black families enormous wealth.

156 billion dollars

The cumulative amount of equity that black families have lost in a single year due to the undervaluation of their homes.

This same Brookings Institution study quantified the amount of money lost because of this racial disparity in valuation. In 2017, he found that black families lost a total of $ 156 billion due to this undervaluation. Study author Andre Perry quantified what that money could have paid:

It is said to have funded more than 4.4 million black-owned businesses based on the average amount used by blacks to start a business. They would have paid over 8 million university degrees based on the average amount of public education. He is said to have covered the pipes in Flint, Michigan, 3,000 times. And that would have covered all the damage from Hurricane Katrina. And that’s double the annual economic burden of the opioid crisis. Now it is money that is really depriving people of the possibility of uplifting.

9/10

The ratio of American counties where unfair calculations resulted in higher property taxes for many black Americans.

The burden on black Americans is compounded by another disparity that has only just emerged. He lives in our taxes. Bloomberg survey reveals how U.S. property tax assessments have systematically overtaxed the cheapest homes, disproportionately charging black Americans.

In a review of 2,600 US counties, more than nine in ten reflected the same pattern of injustice, “a classic example of institutional racism,” said Christopher Berry, a professor at the University of Chicago who conducted the study. High taxes drive up the cost of homeownership and cause many people to lose their homes.

Nowhere in the country has this been a more serious problem than in the predominantly black city of Detroit, where a quarter of all homes have been foreclosed on for non-payment of taxes, according to Berry. In Episode 4 of Pay Check, Bloomberg reporter Jason Grotto talks with black resident Di Leshea Scott about her tax ordeal. She lost her house to an inflated tax bill and now rents the house she previously owned.


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Reviews | Mitch McConnell would like Trump to pass out https://saltwaterconnections.org/reviews-mitch-mcconnell-would-like-trump-to-pass-out/ https://saltwaterconnections.org/reviews-mitch-mcconnell-would-like-trump-to-pass-out/#respond Wed, 07 Apr 2021 23:16:58 +0000 https://saltwaterconnections.org/reviews-mitch-mcconnell-would-like-trump-to-pass-out/ This power, in turn, can be seen in the decision of states and local counties to censor and denounce Republican members of the House and Senate who voted in favor of impeachment or conviction. On February 6, the Wyoming Republican Party vote not only to censor Representative Liz Cheney, but also called on her to […]]]>

This power, in turn, can be seen in the decision of states and local counties to censor and denounce Republican members of the House and Senate who voted in favor of impeachment or conviction.

On February 6, the Wyoming Republican Party vote not only to censor Representative Liz Cheney, but also called on her to “immediately step down from her post” and said the party “will withhold any future political funding”. It should be noted, however, that even as his support in Wyoming crumbled, his Republican colleagues in the House, led by Minority Leader Kevin McCarthy, rejected a decision to remove Cheney’s leadership position.

Kara Swisher dissects what matters most, exploring the changing dynamics of people, politics and power with guest Maggie Haberman and Representative Cori Bush from Missouri.

One of the most revealing recent polls of Republican voters tested favorable / unfavorable opinions on Cheney, the chairman of the House Republican Conference, and Marjorie Taylor Greene, a supporter of QAnon when he was elected to the House last year from Georgia. Greene gained special notoriety with her pre-election statements that House Speaker Nancy Pelosi was guilty of treason.

Greene suggested Pelosi could be executed, CNN reported. “She’s a traitor to our country,” Greene said in a video. posted on facebook.

She took an oath to protect American citizens and uphold our laws. And it brings help and comfort to our enemies who illegally invade our land. This is betrayal. And by our law, representatives and senators can be expelled and no longer serve in our government. And that’s, uh, that’s a crime punishable by death, that’s what treason is. Nancy Pelosi is guilty of treason.

A February 6-9 Economist / YouGov poll asked voters for their ratings of Cheney and Greene. Among Republicans, Cheney was frowned upon, 52% to 20%. Greene, on the other hand, was viewed favorably at 40 to 24 percent.

There are a variety of angles from which to view the McConnell-Trump feud.

Rich Lowry, editor-in-chief of the Revue nationale write to Politico, argues that the

the fight isn’t exactly on the soul of the Republican Party, but it’s about whether there will be significant space in the party for figures other than Trump to have significant influence over its leadership.

Lowry recognizes

initially, this competition is not a fair fight. McConnell, aka “Cocaine Mitch”, has gained considerable new right-wing credibility over the years through his hard work on judges. Nonetheless, there are very few grassroots Republicans interested in storming hills for Mitch McConnell, while many of them would climb K2 for Donald Trump.

McConnell’s task, according to Lowry, is not to beat Trump in a one-on-one fight, but “to work to prevent the electorally toxic, or at least risky, Trumpists from winning the Senate primaries, say, in the most extreme example, Marjorie Taylor Greene in Georgia.

In this kind of fight, McConnell brings his experience in opposing nominations that divide the Tea Party era a decade ago, and “an ability to focus on long-term goals that Trump easily distracted, pushed. by personal animosities, doesn’t “- not to mention McConnell’s fundraising prowess.

There is no doubt, concludes Lowry, that

Trump is a powerful political figure. Still, his toss is not transferable to other Republicans when he’s not on the ballot, and he failed to get more than 47% of the vote in two national elections against dull adversaries.

In fact, the evidence suggests that its circulation is transferable.


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Everything you need to know about filing your income tax return this year https://saltwaterconnections.org/everything-you-need-to-know-about-filing-your-income-tax-return-this-year/ https://saltwaterconnections.org/everything-you-need-to-know-about-filing-your-income-tax-return-this-year/#respond Wed, 07 Apr 2021 23:16:55 +0000 https://saltwaterconnections.org/everything-you-need-to-know-about-filing-your-income-tax-return-this-year/ The tax deadline may have been extended until May 17, but depending on Stéphanie Ruhle, NBC News Senior Correspondent that doesn’t mean we get a free pass do our taxes. In fact, the sooner you can do them, the better. Ruhle shared his tips on how to do your taxes, starting with making sure you […]]]>

The tax deadline may have been extended until May 17, but depending on Stéphanie Ruhle, NBC News Senior Correspondent that doesn’t mean we get a free pass do our taxes. In fact, the sooner you can do them, the better. Ruhle shared his tips on how to do your taxes, starting with making sure you have all the forms and documents you need to get started.

When it comes to filing taxes, most of us need a Beginner’s Guide or an upgrade. In addition to your Social Security number or tax ID, you need to have certain documents to get started, Ruhle said. The first step is to put together your employment forms which might include:

1. W-2

This comes from employers and details what you earned as well as the income tax withheld from your paychecks. If you are working full time or part time, you will receive this form, probably in the mail.

2.1099 forms

This form declares income from sources outside of regular work. You’ll get a 1099 if you earn income as an entrepreneur or freelance writer, or if you earn money from things like rental real estate, investment interest, or a savings account.

3.form 1095

If you enrolled in an eligible health insurance plan through the Obamacare Insurance Market, you will also get a 1095 form.

4. Form 1098

This form shows all of the interest payments you have made on your student loans or mortgage.

If you don’t have these documents and can’t get them from your employer, contact the IRS for help, Ruhle advised. “The number is on their website. The IRS will then contact the employer / payer for you and ask for the missing or corrected form. The IRS will also send you a form and letter with instructions for you.”

If there are other forms missing, it could be because you signed up to go paperless. Go to your accounts online to search for them, Ruhle explained. For example, your online student loan interest statement will be available in your online account.

3 common tax questions – answers

Ruhle also answered some burning questions people have about filing income tax.

How to file electronically for free?

Ruhle said that if you make $ 72,000 or less, the IRS Free File lets you prepare and report your federal income tax online for free with additional guided preparation. If you earn more than $ 72,000, you can still use the IRS Free File forms, but you should know how to prepare your own tax return, as additional help is not offered here.

For small businesses, you can also go to IRS.gov to take advantage of their free Business E-file service. Individuals and small businesses can also use private tax software like TurboTax or TaxSlayer.

When to call a tax expert

It may be a good idea to hire a tax professional if:

  • You are self-employed.
  • You have experienced a major event in your life such as to buy a house.
  • You have had a child or have moved.
  • You own a rental property,
  • You are an active stock trader.

What if you need more time to deposit?

If you can’t meet current tax filing deadlines, request a six-month extension by submitting Form 4868 electronically or by mail. You can download this form from IRS.gov.

For more tips on how to get through tax season, visit On Money TODAY with Stephanie Ruhle.


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Fisker and Crédit Agricole Consumer Finance sign a green memorandum of understanding for the delivery of Fisker Ocean electric vehicles https://saltwaterconnections.org/fisker-and-credit-agricole-consumer-finance-sign-a-green-memorandum-of-understanding-for-the-delivery-of-fisker-ocean-electric-vehicles/ https://saltwaterconnections.org/fisker-and-credit-agricole-consumer-finance-sign-a-green-memorandum-of-understanding-for-the-delivery-of-fisker-ocean-electric-vehicles/#respond Wed, 07 Apr 2021 23:16:52 +0000 https://saltwaterconnections.org/fisker-and-credit-agricole-consumer-finance-sign-a-green-memorandum-of-understanding-for-the-delivery-of-fisker-ocean-electric-vehicles/ LOS ANGELES & PARIS – (COMMERCIAL THREAD) –Fisker Inc. (NYSE: FSR) (Fisker) – designer and manufacturer of the world’s most moving and environmentally friendly electric vehicles and advanced mobility solutions – today announced that it has signed a Memorandum of Understanding * with Crédit Agricole Consumer Finance, a subsidiary of Crédit Groupe Agricole – the […]]]>

LOS ANGELES & PARIS – () –Fisker Inc. (NYSE: FSR) (Fisker) – designer and manufacturer of the world’s most moving and environmentally friendly electric vehicles and advanced mobility solutions – today announced that it has signed a Memorandum of Understanding * with Crédit Agricole Consumer Finance, a subsidiary of Crédit Groupe Agricole – the first financial partner of the French economy and one of the largest banking groups in Europe – for the potential supply of Fisker Ocean SUVs.

Under this MoU, Agilauto will be able to purchase Fisker Ocean SUVs for eligible employees and certain clients of the group’s private bank, with delivery expected to start from January 2023.

“We welcome Crédit Agricole Consumer Finance’s commitment to providing better access to zero-emission mobility for its employees,” said Henrik Fisker, Chairman and CEO of Fisker. “60% of new vehicle sales in Europe are made through business-to-business transactions, and we are ready to partner with forward-thinking companies like Crédit Agricole Consumer Finance as the market increasingly moves towards electrification. ”

“We are proud to act for the transformation towards low carbon mobility, as part of Crédit Agricole Consumer Finance’s sustainable development strategy,” said Agilauto’s commercial director, François ASCHEHOUG (Crédit Agricole Consumer Finance). “The Fisker Ocean will give our employees and the private banking market access to latest generation technologies and performance while strengthening our commitment to a low carbon fleet. ”

Fisker is expected to begin production of its first vehicle, the Ocean electric SUV, in the fourth quarter of 2022. The Fisker Ocean will initially be manufactured in Europe and sold in several markets in Europe and North America. Interest in the vehicle continues to grow at an encouraging rate, with worldwide paid bookings now standing at over 14,000.

* The MoU is non-binding on parties intending to negotiate a definitive agreement.

For more information or for maintenance requests, contact Fisker@GoDRIVEN360.com.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and environmentally friendly electric vehicles on Earth. Passionate about the vision of a clean future for all, the company has set itself the mission of becoming the leading provider of electric mobility services with the most sustainable vehicles in the world. To learn more, visit www.FiskerInc.com – and enjoy exclusive content on Fisker’s social networks: Facebook, Instagram, Twitter, Youtube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store Where google play shop.

About Crédit Agricole Consumer Finance

Crédit Agricole Consumer Finance, a consumer credit subsidiary of Crédit Agricole SA, distributes a wide range of consumer loans and related services (in France, mainly through its Sofinco, Viaxel and Creditlift Courtage trademarks) for the whole distribution channels: direct sales, point of sale financing (automotive and household appliances) and partnerships. Alongside the large distribution companies, specialized distribution and institutional players in the 19 countries where it is present, CA Consumer Finance offers its partners flexible, responsible solutions adapted to their needs and those of their customers. Excellent relationships, local responsibility and social commitment are the pillars that make CA Consumer Finance a group that acts in the interest of its customers and the company on a daily basis. As of December 31, 2020, CA Consumer Finance manages € 91 billion in outstanding loans.

Learn more: www.ca-consumerfinance.com

Forward-looking statements

This press release contains forward-looking statements, which are subject to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel”, “believe”, “Expect”, “estimates”, “plans”, “intention”, “should”, “must be”, or the negative of these terms, or any other comparable terminology and include, among others, quotes from our CEO and statements regarding the future performance of the Company in connection with “Business Outlook 2021” and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to not limited to: the limited exploitation of Fisker history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other leading OEMs or suppliers in order to execute its business plan; the risk that the OEM and supplier partners may not meet agreed deadlines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its anticipated products and services; Fisker’s inability to retain key personnel and hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and the factors discussed in Fisker’s registration statement on Form S-1 (No. 333-249981) under the heading “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”) and d ‘other reports and documents that Fisker files on time with the SEC. Forward-looking statements speak only as of the date on which they are made, and Fisker does not undertake to update any forward-looking statements to reflect events or circumstances after the date of this press release.



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SBA Extends Deferral Period for All Disaster Loans to 2022 https://saltwaterconnections.org/sba-extends-deferral-period-for-all-disaster-loans-to-2022/ https://saltwaterconnections.org/sba-extends-deferral-period-for-all-disaster-loans-to-2022/#respond Wed, 07 Apr 2021 23:16:50 +0000 https://saltwaterconnections.org/sba-extends-deferral-period-for-all-disaster-loans-to-2022/ WASHINGTON DC – The U.S. Small Business Administration extended the deferral periods for all disaster loans, including the COVID-19 Economic Disaster Lending Program (EIDL), until 2022. All SBA disaster loans made during the 2020 calendar year, including COVID-19 EIDL, will have an extended first payment due date from 12 months to 24 months from the […]]]>

WASHINGTON DC – The U.S. Small Business Administration extended the deferral periods for all disaster loans, including the COVID-19 Economic Disaster Lending Program (EIDL), until 2022.

  • All SBA disaster loans made during the 2020 calendar year, including COVID-19 EIDL, will have an extended first payment due date from 12 months to 24 months from the date of payment. note.
  • All SBA disaster loans made during the 2021 calendar year, including COVID-19 EIDL, will have an extended first payment due date from 12 months to 18 months from the date of payment. note.

Existing SBA Disaster Loans Approved Before 2020 in regular service on March 1, 2020, received an automatic deferral of principal and interest payments until December 31, 2020. This initial deferral period was then extended until March 31, 2021. An additional 12-month deferral principal and interest payments will be automatically granted to these borrowers. Borrowers will resume their regular payment schedule with payment immediately preceding March 31, 2022, unless the borrower voluntarily continues to make payments during the deferral. It is important to note that interest will continue to accrue on the outstanding loan balance for the duration of the deferral.

“Small businesses, private non-profit organizations and agricultural businesses, including self-employed, contractors and concert workers, continue to navigate a very difficult economic environment due to the continuing impacts of the coronavirus pandemic COVID-19, as well as historic severe winter storms in 2020, ”said Acting SBA Administrator Tami Perrillo.

“The EIDL COVID-19 program has helped more than 3.7 million small businesses, including nonprofits, sole proprietors and independent contractors, across a wide range of industries and lines of business, through this difficult time, Perrillo continued.

The SBA continues to strive to make available all Fund the recovery of the coronavirus pandemic and administer as quickly as possible the new targeted programs linked to the provisions of the 2020 law on economic assistance to small businesses, non-profit organizations and sites (the Law on economic aid) hard hit.

“The American people and small business owners across the country need our tireless efforts and dedication to deliver this vital financing to those who need it most, and the SBA will not rest until we have implemented President Biden’s “US bailout” and its additional targeted programs and funds. allocated to US small businesses and nonprofit communities, ”said Michael Roth, senior advisor to the SBA.

COVID-19 EIDL loans are available on very affordable terms, with an interest rate of 3.75% for small businesses and 2.75% for non-profit organizations, with a maturity of 30 years. Interest continues to accrue during the deferral period and borrowers can make full or partial payments if they wish.

In mid-February 2021, the SBA took a milestone in the success of the COVID-19 EIDL program, approving over $ 200 billion emergency financing in the form of low-interest loans, providing working capital to small businesses, nonprofits and farm businesses to survivee the serious impacts of this catastrophic and historic period on the whole of the United States of America and its territories. The SBA continues to approve more than $ 500 million each week for the COVID-19 EIDL program.

Questions about SBA COVID-19 EIDL and Disaster Loan Payments can be answered by email at [email protected] or by calling the SBA Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339).


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Democrats urge President Biden to order $ 50,000 student debt relief | WJHL https://saltwaterconnections.org/democrats-urge-president-biden-to-order-50000-student-debt-relief-wjhl/ https://saltwaterconnections.org/democrats-urge-president-biden-to-order-50000-student-debt-relief-wjhl/#respond Wed, 07 Apr 2021 23:16:47 +0000 https://saltwaterconnections.org/democrats-urge-president-biden-to-order-50000-student-debt-relief-wjhl/ WASHINGTON (NEXSTAR) – As millions of Americans face the burden of student loans, Democrats are pushing for the cancellation of some federal loans. “Take a huge burden off so many people in America,” said Senate Majority Leader Chuck Schumer. On Thursday, Schumer and other Democrats called on President Joe Biden to act. “To write off […]]]>

WASHINGTON (NEXSTAR) – As millions of Americans face the burden of student loans, Democrats are pushing for the cancellation of some federal loans.

“Take a huge burden off so many people in America,” said Senate Majority Leader Chuck Schumer.

On Thursday, Schumer and other Democrats called on President Joe Biden to act. “To write off $ 50,000 in student debt,” Schumer said.

Democrats say the president should use executive power to write off federal student loan debt without any tax liability.

“Other presidents have done it. There is legal authority, ”Schumer said.

“Canceling student debt is the most effective executive step President Biden can take to help close the racial wealth gap,” said Massachusetts Senator Elizabeth Warren.

Warren claims that canceling student debt would increase homeownership, improve credit scores, create jobs, and more.

“Whether or not you have student loan debt, because it’s good for our economy,” Warren said.

While Democrats want up to $ 50,000 in forgiveness, the White House says for now that the president is only comfortable with a smaller amount.

“The President has supported and continues to support the cancellation of $ 10,000 of federal student loan debt per person in response to the COVID crisis,” White House Press Secretary Jen Psaki said.

Republicans, like Iowa Senator Joni Ernst, say the loan cancellation is unfair to other Americans.

“We’re going to forgive $ 50,000, but we’re going to put it on everyone’s back, I don’t think that’s the right avenue,” Ernst said.

Ernst says troubled borrowers should renegotiate interest rates or postpone their loans until they are financially stable.


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Warren Buffett’s diet still includes 5 cans of Coke, McDonald’s and Dairy Queen https://saltwaterconnections.org/warren-buffetts-diet-still-includes-5-cans-of-coke-mcdonalds-and-dairy-queen/ https://saltwaterconnections.org/warren-buffetts-diet-still-includes-5-cans-of-coke-mcdonalds-and-dairy-queen/#respond Wed, 07 Apr 2021 23:16:44 +0000 https://saltwaterconnections.org/warren-buffetts-diet-still-includes-5-cans-of-coke-mcdonalds-and-dairy-queen/ At 88 years old, Warren Buffett infamous all junk food diet didn’t slow it down at all. The billionaire admitted in an hour-long interview with the Financial Time that he still swallows five cans of Coca-Cola a day, eats McDonald’s chicken nuggets at least three times a week, and enjoys Dairy Queen ice cream for […]]]>

At 88 years old, Warren Buffett infamous all junk food diet didn’t slow it down at all.

The billionaire admitted in an hour-long interview with the Financial Time that he still swallows five cans of Coca-Cola a day, eats McDonald’s chicken nuggets at least three times a week, and enjoys Dairy Queen ice cream for dessert.

“I’m not bothered by the idea of ​​my death,” Buffett told FT, noting that despite his age and bad eating habits, he still “jumps out of bed” every morning to go to work and doesn’t intend to retire at any time. soon.

Buffett, whose Berkshire Hathaway company owns more than $ 16 billion in Cola-Cola shares, estimates that a quarter of his daily calories come from his addiction to soda.

“I’m a quarter of Coca-Cola,” Buffett said Fortune in 2015. “If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it every day. “

Berkshire Hathaway Chairman Warren Buffett drinks a can of Cherry Coke at the Berkshire Hathaway Annual Meeting in Omaha on May 1, 2010. Berkshire Hathaway owns approximately 8.7% of Coca-Cola Co. REUTERS / Rick Wilking

Buffett said he typically drank three cokes during the day and two at night and occasionally indulged himself in a cherry coke.

As for his favorite snack with a good cold coke, Buffett admits he loves to munch on UTZ potato sticks.

Another of Buffett’s diet pitfalls is his love for a lot of salt.

Wells Fargo CEO John Stumpf told Bloomberg in 2014 that “when the food comes in, Warren grabs a salt shaker in his left hand and one in his right, and it’s a blizzard. “

Despite criticism, Buffett says his diet high in sugar and salt has kept him relatively healthy.

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“I checked the actuarial tables, and the lowest death rate is for six-year-olds. So I decided to eat like a six year old. It’s the safest course I can take, ”Buffett told Fortune.

According to the Bloomberg Billionaires Index, Buffett is the fourth richest man in the world with a net worth of $ 87.3 billion.


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Japan signs agreement to export defense equipment to Indonesia https://saltwaterconnections.org/japan-signs-agreement-to-export-defense-equipment-to-indonesia/ https://saltwaterconnections.org/japan-signs-agreement-to-export-defense-equipment-to-indonesia/#respond Wed, 07 Apr 2021 23:16:40 +0000 https://saltwaterconnections.org/japan-signs-agreement-to-export-defense-equipment-to-indonesia/ Japan and Indonesia on Tuesday signed an agreement to allow the export of Japanese-made defense equipment to the Southeast Asian country, as they try to step up cooperation amid growing claims of China in regional waters. The agreement on the transfer of defense equipment and technology was signed after the foreign and defense ministers of […]]]>

Japan and Indonesia on Tuesday signed an agreement to allow the export of Japanese-made defense equipment to the Southeast Asian country, as they try to step up cooperation amid growing claims of China in regional waters.

The agreement on the transfer of defense equipment and technology was signed after the foreign and defense ministers of Japan and Indonesia met in Tokyo for the so-called two plus two talks, during from which they also condemned the recent assassinations of peaceful demonstrators by military security in Burma.

Japanese Foreign Minister Toshimitsu Motegi (C, R) and Indonesian Defense Minister Prabowo Subianto (C, L) sign an agreement on the transfer of defense equipment and technology to Tokyo on March 30, 2021. The Minister Japanese Defense Minister Nobuo Kishi stands on the far right and Indonesian Foreign Minister Retno Marsudi stands on the far left. (Pool photo) (Kyodo) == Kyodo

Ministers shared “serious concerns” about China’s “continued and escalated unilateral attempts to change the status quo by force” in the South and East China Seas, including the enactment of a new guard law. -Chinese coasts, Japanese Foreign Minister Toshimitsu Motegi said at a joint press conference. press conference at the end of the talks.

The law, which came into effect in February, allows the Chinese coast guard to fire at ships entering what they consider its waters.

“The law must not infringe on legitimate rights and interests,” Japanese Defense Minister Nobuo Kishi said at the press conference.

Japan is troubled by repeated intrusions by Chinese Coast Guard vessels into Japanese territorial waters around the Senkaku Islands in the East China Sea.

China claims the group of uninhabited islets, calling them Diaoyu.

Indonesia, meanwhile, faces tensions in its exclusive economic zone in waters north of the Natuna Islands with China, where Chinese fishing boats, accompanied by Chinese coastguard vessels, are believed to be involved in the strike. illegal fishing.

The EEZ straddles China’s self-proclaimed “nine dashes” line that marks its broad claims in the South China Sea, where it has disputes with the Philippines, Vietnam, Malaysia and Brunei.

Japan’s signing of the agreement with Indonesia follows similar defense agreements with Australia, Great Britain, France, Germany, India, Italy, Malaysia, Philippines and the United States.

“I am convinced that the pact will form the basis for a further expansion of our bilateral security cooperation and will become a symbol of our joint efforts to deal with regional threats,” Motegi said.

Indonesian Defense Minister Prabowo Subianto has said he calls on Japan to participate “in our defense industry and … in the modernization of Indonesia’s defense capability”.

During the talks, the second of their kind for the two countries since 2015, ministers also shared “strong concerns” about the crisis in Myanmar, where the military seized power in the February 1 coup, a Motegi said.

“Indonesia strongly denounces this kind of act,” Foreign Minister Retno Marsudi said, referring to the use of force by Burmese security forces on Saturday which killed more than 100 protesters during the day. bloodiest protest since the coup.

“This is unacceptable,” she also said. “For Indonesia, the safety and well-being of the people of Myanmar is paramount. Dialogue must be continued to bring democracy, peace and stability back to Myanmar.

Japanese Foreign Minister Toshimitsu Motegi (far right) and Defense Minister Nobuo Kishi (2nd from right) hold security talks with Indonesian Foreign Minister Retno Marsudi (at far left) and Defense Minister Prabowo Subianto (2nd from left) in Tokyo on March 30, 2021. (Pool photo) (Kyodo)

Indonesia has led the efforts of the Association of Southeast Asian Nations to seek a peaceful resolution of the crisis, even though the bloc abides by the principle of non-interference in the internal affairs of members. Myanmar belongs to the group of 10 nations.

Indonesia called for an extraordinary ASEAN summit to discuss the Myanmar crisis.

The death toll resulting from the army’s violent campaign to quell unrest in Myanmar has reached at least 510, according to a rights group monitoring the situation.

Following North Korea’s launch of two ballistic missiles on Thursday, Japanese and Indonesian ministers agreed on the importance of strictly enforcing UN resolutions banning Pyongyang from testing ballistic missiles and nuclear technologies, Motegi said.

Japan will provide 50 billion yen ($ 453 million) in loans to help Indonesia respond to natural disasters such as floods and earthquakes, Motegi said. Tokyo will also offer Fisheries Patrol Vessels to support Jakarta’s efforts to strengthen law enforcement at sea.


Associated coverage:

Japanese, Indonesian defense chiefs oppose China’s authoritarian measures

Attackers killed in church explosion in Indonesia linked to militant group



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Odisha Cooperative Dept in Mess Farmers in great stress CAG OTV News https://saltwaterconnections.org/odisha-cooperative-dept-in-mess-farmers-in-great-stress-cag-otv-news/ https://saltwaterconnections.org/odisha-cooperative-dept-in-mess-farmers-in-great-stress-cag-otv-news/#respond Wed, 07 Apr 2021 23:16:37 +0000 https://saltwaterconnections.org/odisha-cooperative-dept-in-mess-farmers-in-great-stress-cag-otv-news/ Bhubaneswar: Despite cases of farmer suicides that shook Odisha hard, only just over half of the state’s farmers were able to benefit from concessional credit institutional support from the Odisha government to increase their harvests. The Kisan Credit Card System (KCC) has also been found floundering here. According to the findings of the audit of […]]]>

Bhubaneswar: Despite cases of farmer suicides that shook Odisha hard, only just over half of the state’s farmers were able to benefit from concessional credit institutional support from the Odisha government to increase their harvests. The Kisan Credit Card System (KCC) has also been found floundering here.

According to the findings of the audit of the CAG report on income and the economic sector in Odisha, while only 55% of farmers registered in PACS (primary agricultural credit companies) benefit from concessional agricultural loans from the state government , the reach of the Kiasn Credit Card (KKC) has also been in deep deficit.

WHY THE HALF SHOW IN AGRICULTURAL CREDIT?

A detailed examination of the facts uncovered by the CAG reveals that the size of the state government credit scheme itself is designed to benefit just over half of farmers.

THE PROOF: The CAG findings show that, although the target for disbursing concessional loans for crops to farmers was between 81% and 98% of the annual target amount set, the physical achievement in terms of the number of Farmers taking advantage of the advantage ranged from 55 to 57 percent.

This shows that the amount allocated to disbursing crop loans to farmers through PACS was an understatement of the actual credit need of over 55 lakh farmers in the state. (See image below).

WHY FARMERS IN STRESS?

THE DOUBLE GAME: Details of the audit findings that dealt a fatal blow to farmers in the state (2015 and 2016 saw large-scale farmer suicides). Why? CAG discovers serious mismanagement.

  • The file review revealed that the Department of Revenue and Disaster and Management, on March 11, 2016, declared 29,077 villages under 233 blocks and 404 wards of 55 urban local bodies in 27 districts of the state as being affected by drought and having suffered crop losses of 33% and more during the Kharif season. 2015.
  • District collectors were required to issue “annewari” certificates by March 31, 2016, thus enabling farmers to benefit from the MTL (medium term loan) on their short term loans (STL).
  • However, it was observed that with the exception of Bargarh, no other district had completed the formalities required to issue an “annewari” certificate before March 31, 2016e., During the monetary period for Kharif 2015. From Significantly, Bargarh recorded the highest number of farmer suicides in 2015.
  • What is the size of the blow: The OSCB estimated that the STL worth Rs 2,500 crore advanced during Kharif 2015 would be converted to MTL in the affected districts. In the meantime, of the 32.01 lakhs of expected beneficiary farmers, 24.06 lakhs (75.16%) had already repaid their loans to avoid the obligation of penal interest provided by the OSCB.
  • Thus, due to the non-issuance of the “annewari” certificate by the district collector, the conversion of STL from Rs 2,500 crore to MTL under the program could not be carried out and therefore deprived the benefits. conversion of loaned farmers.

MORE SKELETS IN THE CABINET

  • The audit examined the records of nine branches of DCCB and 27 PACS in nine test-controlled districts and found that an amount of 445.26 crore rupees was paid to farmers of 1,56 lakh in the form of loans. agricultural products during the period 2014-2018.
  • Of the above, an amount of 96 crore (38.84 percent) was disbursed during said period for the repayment of pre-harvest loans to 59,696 farmers.
  • In this process, the adjustment of the old loan was made by sanctioning a new loan with accounting adjustment without any actual cash outflow.
  • Therefore, the completion of the disbursement of the new crop loan had been reported by OSCB taking these cases into account.
  • The Odisha State Cooperative Bank (OSCB) had requested an interest subsidy of Rs 1,685.63 crore for the crop loan disbursed at ground level for fiscal years 2014-18, including a surplus claim of Rs.392.06 crore over due dates.
  • Of the excess claim of 06 crore, a sum of 357.68 crore had already been paid by the government to the OSCB in October 2019, which resulted in the extension of an undue advantage to the OSCB.
  • This shows that the farmers did not get their due, but the OSCB reaped a rich harvest.
  • An audit test verified 6,991 of the 39,165 member farmer land registers in 27 PACS and noted that no such verification had been performed by the tax authorities in the land register. The audit examined 171 land records from 55 member farmers as reported in the land register and found that in 71 cases the land details provided by the farmers did not match the Bhulekh records kept by the R & DMD.
  • During the years 2014-15 and 2017-18, the KCC problem in the state increased from 1.67 lakh to 0.78 lakh. OSCB said this was due to the closure of non-functional facilities
  • In addition, the program set, among other things, a target for the issuance of two lakh cards per year. These targets ranged from 18.01 to 21.51 percent of eligible farmers each year.
  • However, these targets were not met, with a deficit ranging from 16.50 to 61.00 percent during the said period. This indicated that member farmers, who had not received a KCC, could not benefit from the scheme.
  • The CAG also observed that the OSCB did not activate the 18.48 lakh RuPay Kisan Cards within the validity period.
  • In addition, since the OSCB did not take any action to revalidate these cards at a later date by extending the expiration date, after a period of more than two years, the possibility of using these cards was very
  • As a result, PACS member farmers and non-defaulting KCC holders were not only deprived of funds in accordance with the policy / instructions set out in OSCB / DCCB / PACS, but the entire expenditure of Rs 17.43 crore was wasted.


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The Ruese insurance agency celebrates its 135th anniversary https://saltwaterconnections.org/the-ruese-insurance-agency-celebrates-its-135th-anniversary/ https://saltwaterconnections.org/the-ruese-insurance-agency-celebrates-its-135th-anniversary/#respond Wed, 07 Apr 2021 23:16:34 +0000 https://saltwaterconnections.org/the-ruese-insurance-agency-celebrates-its-135th-anniversary/ SIDNEY – January 1, 2021 marked the 135th anniversary of the founding of a local insurance company with humble roots. Ruese Insurance Agency Inc. has been around for a few years – literally! For more than 100 years, Ruese has set up his offices in the courthouse square in downtown Sidney, despite several relocations. Currently, […]]]>

SIDNEY – January 1, 2021 marked the 135th anniversary of the founding of a local insurance company with humble roots. Ruese Insurance Agency Inc. has been around for a few years – literally! For more than 100 years, Ruese has set up his offices in the courthouse square in downtown Sidney, despite several relocations. Currently, their offices are at the Courtview Center on the east side of Court Square, just a few blocks from the building where their parent agency started.

A young man named Lafayette Merrick Studevant arrived in Sidney shortly after moving to Anna with his parents from Indiana in 1875. He began his career as an apprentice in the local newspaper office before moving to Columbus Grove in 1879 where he spent a year publishing a newspaper. In 1880, Studevant entered a business school in Lima, and after graduating, he accepted a position as an accountant for an Allen County bank. He briefly spent time as a cashier in Ridgeville, Indiana, before returning to Sidney and becoming the accountant of the Philip Smith Manufacturing Co.

On January 1, 1886, LM Studevant started a commercial enterprise in the field of fire insurance. He called his fledgling business “The People’s Insurance Agency”. His office was located on the second floor of the Hickok building at 103 N. Ohio Ave., which currently houses Simply Cozy Co. It was in this same office several months later that Studevant met a group of like-minded people. to organize another construction and loan facility in Sidney.

On October 1, 1886, the same group of citizens met again, this time in a courthouse meeting room, to draft a state charter and solicit action. The leaders were elected alongside a board of directors, LM Studevant being chosen as secretary. On October 23, Studevant announced that the company’s books were open for membership from its insurance office on Ohio Avenue. In the fall of 1887, the offices of the People’s Savings and Credit Association moved north into the JC Royon Building to occupy the “Carey Bank Room.

As his insurance agency and nascent savings and loans grew, more space was needed to conduct their business. At the southeast corner of the plaza, the new Robertson building seemed like the perfect choice. 1899 was a busy year for Studevant, as it was during this period that he took part in the organization of the First National Exchange Bank. Rumor has it that he was fed up with going to Piqua to make deposits with a federally funded bank, so he helped set one up here in Sidney. Peoples Insurance Agency has also expanded to include farm and property insurance alongside fire insurance. William Kingseed also joined the insurance company, giving it the brief new name “Studevant & Kingseed Insurance Co.”

Shortly after the turn of the 20th century, Herman Theodore Reuse started his own business by becoming an insurance agent. Ruese was born on a farm just outside New Bremen near Schwaberow Cemetery on State Road 274 in 1874. He started his career as a teacher before moving to the insurance industry. According to the Sidney Yearbook for 1908, he had his own office in the Amos building on the south side of the courtyard. Also in 1908, HT Ruese was appointed Shelby County Auditor, a position in which he served two terms until 1912. It was around this time (1910) that the Peoples Insurance Company was made up of the types of companies of insurance and insurance policies:

• Accident: Aetna Accident Ins. Hartford Co., American Fidelity Ins. Co. of NY, Fidelity & Casualty Co. of NY and Hartford Insurance Co. of Cincinnati

• Automotive: Columbia Ins. Co. of NJ and Insurance Co. of NA of NY

• Bonds: Fidelity & Casualty Ins. Co. of NY and Fidelity & Deposit Ins. Cincinnati Company

• Fire and cyclone: ​​Aetna Ins. Hartford Co., American Central Fire Ins. Co. of St. Louis, Atlas Assurance Co. of London, Cincinnati Underwriters of Cincinnati, Columbia Ins. Co. of Dayton, Commercial Union Fire Ins. Co. of Chicago, Connecticut Ins. Hartford Co., Cooper Fire Ins. Co. of Dayton, Fidelity Fire Ins. Co. of NY, Fire Association of Philadelphia, Franklin Ins. Co. of Phila., Georgia Home Ins. Co. of Columbia, Georgia, Glens Falls Ins. Co. of NY, Hanover Fire Ins. Co. of New York, Hartford Ins. Co. of Connecticut, Insurance Co. of NA, Michigan Fire & Marine Ins. Co., Minister Mutual Ins. Co. of Ohio, Ohio Farmers Ins. Co. of LeRoy, O., Orient Ins. Co. of Hartford, Pa. Fire Ins. Co. of Pa., Philadelphia Underwriters Ins. Co. of Pennsylvania, Queen Ins. Co. of NY, Royal Exchange Assurance Co. of London, Scottish Union & National Ins. Co. of Eng., Shawnee Ins. Co. of Topeka, St. Paul Fire & Marine Ins. Co. of Minn., And Sun Ins. England Co.

HT Ruese eventually became the director of the Peoples Insurance Agency, and in 1923 he and Jesse L. Dickensheets purchased the agency, which then moved to the Woodward building at 119 S. Ohio Ave. Around 1927, the Peoples Insurance Agency moved to the Mathers Building next to the Monumental Building at 125 ½ S. Ohio Ave., a few buildings south of its previous location. On July 18, 1929, it was announced in the newspaper that HT Ruese, his sister Florence and his only son, Lloyd Ruese, were the founders of the newly named “Ruese Insurance Agency Inc. Lloyd had been helping his father for two years before his constitution, probably after the retirement of Jesse Dickensheets, who later died of failing health in 1931.

In 1934, HT Ruese became the first manager of the state liquor store in Sidney, a position he held even after his retirement from his insurance agency. By 1940 Ruese had retired from his post as director of the Ruese Insurance Agency, Inc., leaving the family business to his son, Lloyd. HT Ruese died a few years later, on October 29, 1946. Over the years, the “family” part of Ruese Insurance Agency Inc. grew further when Robert Dunham, Lloyd’s son-in-law, joined the agency in 1953. In 1960, the company moved from the Mathers Building across Court Square to 116 S. Main Ave. Dunham then became part-owner of the business in 1964, when secondary articles of incorporation were filed. In 1978 Lloyd Ruese was honored by the Westfield Insurance Company for 50 years of continuous service with the Ruese Insurance Agency, Inc. Soon after, Lloyd retired, passing the company to Robert Dunham, before his death in 1982. .

Paul Gahagan joined Ruese Insurance Agency in 1969, helping to make Ruese one of the largest multi-line agencies in the region, and became part-owner of the company three years later, in 1972. On January 1, 1975, the Belser Agency , Inc., one of Shelby County’s largest agencies, merged with Ruese Insurance Agency, Inc. Joseph Belser, their owner, became Vice President alongside Paul Gahagan under President Bob Dunham. Mark Dunham, Robert’s son, joined Ruese Insurance Agency in 1980 after graduating from the University of Wittenburg and completing his five-month training with Westfield Insurance Co. Robert Dunham retired from the company on 31 March 1987, leaving Paul Gahagan the sole owner of Ruese Insurance. Agency, Inc. The following year, in December, their articles of incorporation were dissolved and in January 1989, Ruese Insurance Agency merged with Phelan Insurance Agency, Inc., each retaining their respective names and offices. That same month, their offices were moved to the new Courtview Center, which had been built on the same site as Ruese’s old office building. Also in 1989, Rudy Keister also started working for the agency after graduating from the University of Wittenburg. In June 1995, new articles of association were re-filed and the following year, 1996, Mark Dunham and Rudy Keister purchased the agency and became the new co-owners.

Over the past 20 years, Ruese Insurance Agency Inc. has experienced several other mergers with local insurance groups. 2001 was an important year for the expansion of Ruese Insurance Agency, Inc. In January 2001, Ratermann Insurance Agency in Fort Loramie merged with Ruese Insurance Agency Inc. of Sidney to expand their products and services to their customers while retaining their same locations and staff. A wider selection of insurance companies such as Cincinnati Insurance Company, Westfield Group, Indiana Insurance Company, Motorist Mutual, Utica National, Monroe Guaranty and Progressive was then available to policyholders not only in Shelby County, but also in several from surrounding counties. A few months later, in April 2001, Bennett Insurance Agency Inc. also merged with Ruese Insurance Agency, Inc. Through the actions of this seamless merger, the two oldest agencies united under one banner to serve the citizens of Sidney and Shelby. County. On February 1, 2003, Ruese Insurance Agency purchased McColloch-Baker Insurance Service in Piqua, which became its first office outside of Shelby County. Five years later, in January 2008, they acquired their second Piqua office: MJ Koon and Sons Insurance, further expanding their reach and range of services.

To date, Ruese Insurance Agency Inc. provides insurance to numerous individuals and corporations in and around Shelby County. Thank you for 135 years of service and I hope many, many more!

Gahagan

HT Ruese

L. Ruese

Student

The old Ruese building was located on Main Avenue in downtown Sidney.

This article was written by Jane Bailey, Curator of the Shelby County Historical Society, with information provided by Rudy Keister and Josh Ross of the Ruese Insurance Agency Inc. and Deb Geuy of the Peoples Federal Savings and Loan Association.


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