Saving investment – PSP Oste Fri, 01 Oct 2021 15:07:15 +0000 en-US hourly 1 Saving investment – PSP Oste 32 32 Rain, snow coming in Pennsylvania all week Thu, 08 Apr 2021 02:38:38 +0000

A major rainstorm coming into Pennsylvania on Monday will turn to snow later this week, according to a forecast by the National Weather Service.

The rain will begin overnight, bringing between half an inch to an inch and a half of rain to different parts of the state.

The most rain will be seen in Hazleton, Allentown and Philadelphia, according to the NWS. Harrisburg, Lancaster and Gettysburg are all expected to receive about an inch of rain.

Monday’s rain could include thunder in the Harrisburg area during the afternoon, according to the NWS.

The rain is expected to last all day Monday, but as the system persists through the rest of the week, temperatures will drop overnight through Tuesday and Wednesday.

These drops in temperature will bring snow to western and northwestern Pennsylvania, including 6 to 12 inches in Meadville and 6 to 8 inches in Erie.

Snow is not expected in the Harrisburg or Philadelphia area, but will likely reach Breezewood, State College, Hazelton, Williamsport and Scranton.

According to the NWS, the drop in temperature will rise from highs in the mid-1950s and low 60s on Monday to highs in the 1930s and 40s on Tuesday and Wednesday.

The NWS reminds people to be careful when driving in rainy and snowy conditions and to leave extra space between vehicles.

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National Proliferation Financing Indicators for Ukraine Thu, 08 Apr 2021 02:38:26 +0000

On March 19, 2021, the technical paper on “Threats to Proliferation Financing in Ukraine” was presented to Ukrainian stakeholders at an online event. The document is the result of several months of joint work with a wide range of relevant national authorities, including policy makers, law enforcement, FIU, supervisors and regulators, export control, customs and border control and intelligence authorities. The report seeks to identify a set of indicators and typologies for exposure to proliferation finance in Ukraine. It provides a framework for understanding Ukraine’s exposure to proliferation activities, which is not limited to strictly targeted financial sanctions.

In the context of the amended FATF Recommendation 1, requiring countries to identify and assess the risks of non-application or circumvention of targeted financial sanctions related to proliferation financing, the technical paper provides a set of indicators on how the financing of proliferation as a financial crime activity could manifest itself in Ukraine, based on the examination of several secondary sources as well as direct consultation with the relevant authorities. It will serve as a useful starting point for national partners to undertake a risk assessment of proliferation financing against FATF criteria at a later stage.

The technical document was prepared within the framework of the EU / Council of Europe Partnership Project for Good Governance (PGG) II on “Strengthening measures against money laundering and terrorist financing in Ukraine” , co-financed by the EU and the Council of Europe. and implemented by the Council of Europe.

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Get ready for these jury duty notices: trials start soon Thu, 08 Apr 2021 02:38:16 +0000

STATEN ISLAND, NY – Borough residents may soon find a juror notice in their mailbox.

A spokesperson for the state’s Office of Court Administration (OCA) said on Wednesday officials plan to send the notices to Staten Island and across the city next week, ahead of the start of jury trials. later next month.

The expected resumption of jury trials on March 22 comes amid a drop in coronavirus (COVID-19) infections in the state.

“We are discussing the restart with the parties concerned and are confident about the recovery,” said Lucian Chalfen, spokesperson for the OCA. “If the trajectory of the infection rate changes from its continuing downward trend, we will adjust accordingly, as we did in the fall. “

Criminal and civil jury trials suspended in mid-November after a peak in coronavirus cases around New York City.

Jury trials were initially closed last March at the start of the pandemic.

they restarted seven months later in October, but were quickly canceled within weeks when coronavirus cases surged.

New grand jury members were also suspended in November, but only for seven weeks.

A new grand jury sat on Staten Island on January 4.

The role of the grand jury is to decide whether to lay criminal charges or an indictment against those accused of crimes.

Jury trials will also resume in the state on March 22.

Chalfen said the trials will go slowly at first.

Incarcerated defendants will have priority for criminal trials, he said.

Since mid-March, courts have largely operated remotely because of the coronavirus.

In-person functions had slowly intensified from the summer, before being reduced in November.

At present, in-person appearances are limited and in-person staffing has been severely reduced in all state courts.

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Cisco unveils equipment to meet pandemic demand, 5G Thu, 08 Apr 2021 02:38:04 +0000

STOCKHOLM (Reuters) – Cisco Systems Inc on Tuesday announced new products to help mobile network operators manage the increase in data traffic generated by working from home due to the pandemic and as the rollout of 5G connects billions more devices to the Internet.

Remote health services, video streaming, gaming and working from home have led to a 25-45% increase in internet traffic in many parts of the world since the COVID-19 pandemic, Cisco said.

And 5G will mean billions more connected devices.

Cisco says it expects nearly 30 billion connected devices in 2023, up from 18.4 billion in 2018.

It offers a network design approach that is open to all systems, and says its new routing equipment will help telecom operators build large capacity networks at lower cost.

He has signed clients including Airtel, Google Cloud, Rakuten Mobile, Telenor and Telia Carrier.

“There are still 3 billion people on the planet who are underserved, which means they can’t get enough connectivity or they are completely disconnected,” Jonathan Davidson, senior vice president, told Reuters and CEO of Cisco.

(Reporting by Supantha Mukherjee, European correspondent for technology and telecommunications, based in Stockholm; edited by Barbara Lewis)

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COVID-19: Bankruptcy Code Amendments in Consolidated Credit Law and COVID-19 Bankruptcy Relief Extension Law Thu, 08 Apr 2021 02:37:46 +0000

On March 27, 2021, President Biden enacted the law COVID-19 Bankruptcy Relief Extension Act (the law on extension). The Extension Act temporarily extends certain COVID-19 bankruptcy relief provisions adopted as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Law), which were again amended and / or extended within the framework of the Consolidated Appropriation Act (the CAA). Some of the changes included in the CAA and the Extension Act are highlighted below:

Debtor Protection Program Loans and Paychecks

Under the CARES Act, Congress established the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA), through which businesses can obtain loans that would be canceled if borrowers used the funds for certain authorized purposes. The SBA enacted a rule declaring bankrupt debtors ineligible for PPP loans. Debtors across the country have challenged this rule. The CAA is attempting to address this problem by expressly allowing certain bankrupt debtors to obtain PPP loans only if the SBA administrator sends a letter to the director of the United States Executive Board of Trustees approving the rule change. If the SBA administrator delivers such a letter, PPP funds will be available (a) in cases filed after the letter delivery date and (b) to subchapter V small business debtors, debtors of family farmers and fishermen of Chapter 12, and to Chapter 13 debtors employees. To date, the SBA administrator has yet to deliver the letter. This provision expires under the CAA on December 27, 2022.

Discrimination under section 525

Section 525 of the Bankruptcy Code generally protects bankrupt debtors from certain types of discrimination based solely on the fact that the debtor has sought bankruptcy relief. The CAA amends section 525 to clarify that a bankrupt debtor also cannot be deprived of the benefit of certain provisions of the CARES Act by virtue of their status as a bankrupt debtor, including (a) the foreclosure moratorium and the right to seek forbearance, (b) forbearance from mortgage payments for multi-family properties, and (c) temporary moratorium on eviction deposits. This amendment to section 525 will expire on December 27, 2021.

Unmatured non-residential real estate leases

Section 365 (d) (3) of the Bankruptcy Code requires a debtor to continue to execute its unexpired non-residential real estate leases on time, until such leases are accepted or rejected. The CAA allows debtors in subchapter V small business cases to request a 60-day (up to 120 days total) performance period under its unexpired non-residential real estate leases, if the debtor has experienced and continues to suffer from a significant financial situation. difficulties due to the COVID-19 pandemic. In addition, and without the need to demonstrate significant financial hardship, the CAA also allows an additional 90-day extension to the 120-day period for the debtor to assume or reject unexpired non-residential real estate leases. With this additional extension, all debtors can have up to 300 days to determine whether to assume or reject these leases. These two provisions expire on December 27, 2022, but they will remain applicable to any business initiated before that date.


Section 547 allows a debtor or trustee to avoid certain payments under pre-bankruptcy obligations while the debtor is insolvent. The CAA amends section 547 to prohibit the cancellation of payments made during the preference period after March 13, 2020, for “covered rent arrears” and “covered supplier arrears” that had been deferred under an abstention or a similar agreement. In order for payments to be eligible for the cancellation exemption, they must not include any fees, penalties or interest in excess of those amounts that would have accrued without any deferral.


The CAA is also amending Section 507 (d) of the Bankruptcy Code to allow claims arising from customs duties paid to the federal government on behalf of an importer. The provision is designed to help brokers and freight forwarders who pay the government for tariffs on behalf of customers and expires on December 27, 2021.

Creditors’ claims

Finally, the CAA amends Articles 501 and 502 of the Bankruptcy Code to create a process by which creditors can file proof of claim for amounts accrued due to the implementation and relief provided by the CARES Act. This provision aims to compensate creditors for any damage suffered as a result of the implementation of the CARES law, and it expires on December 27, 2021.

Subchapter V Limits

The bill extends until March 27, 2022, the debt ceilings increased under the Small Business Reorganization Act, 2019, allowing more debtors to use streamlined subchapter V bankruptcy procedures. The CARES Act previously increased these debt limits from $ 2.7 million to $ 7.5 million , but this increase was originally scheduled to expire on March 27, 2021.

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Excessive Consumption Can Harm Your Heart Health, New Study Finds Thu, 08 Apr 2021 02:37:26 +0000

Excessive coffee consumption can harm your heart health, finds a new study.

In a first global genetic study, researchers at the Australian Center for Precision Health at the University of South Australia found that long-term heavy coffee consumption – six cups or more a day – can increase the number of lipids (fats) in your blood to greatly increase your risk of cardiovascular disease (CVD).

It’s important to note that this correlation is both positive and dose-dependent, meaning the more coffee you drink, the greater your risk for cardiovascular disease. It’s a bitter pill, especially for coffee lovers, but according to UniSA researcher Professor Elina Hypponen, it’s a pill we have to swallow if we are to keep our hearts healthy.

“There is certainly a lot of scientific debate about the pros and cons of coffee, but while it may seem like we are going into ancient ground, it is essential to fully understand how one of the most consumed drinks in the world can have an impact on our health, “says Professor Hypponen.

“In this study, we examined the genetic and phenotypic associations between coffee consumption and plasma lipid profiles – cholesterols and fats in your blood – finding causal evidence that habitual coffee consumption contributes to an unfavorable lipid profile. which may increase your risk of heart disease, “added Professor Hypponen.

Professor Hypponen added: “High blood lipid levels are a known risk factor for heart disease, and it is interesting that coffee beans contain a very potent cholesterol-raising compound (cafestol), it was helpful. to examine them together. “

Cafestol is mainly found in unfiltered infusions, such as French, Turkish and Greek coffees, but it is also present in espressos, which are the basis of most coffees made by baristas, including lattes and cappuccinos. .

There is no or very little cafestol in filtered and instant coffee, so when it comes to lipid effects, these are good coffee choices.

“The implications of this study are potentially vast. In my opinion, it is especially important for people with high cholesterol or who are concerned about heart disease to choose carefully the type of coffee they drink,” he said. declared Professor Hypponen.

Professor Hypponen added: “It is important to note that the coffee-lipid association is dose-dependent – the more unfiltered coffee you drink, the more it increases your blood lipids, which puts you at greater risk of disease. heart. ”Worldwide, approximately 3 billion cups of coffee are consumed every day.

Cardiovascular disease is the leading cause of death worldwide, claiming an estimated 17.9 million deaths each year.

The study used data from 362,571 UK Biobank participants, aged 37 to 73, using a triangulation of phenotypic and genetic approaches to perform comprehensive analyzes.

While the jury is still out on coffee’s health effects, Professor Hypponen said it is always wise to choose filtered coffee when possible and beware of abuse, especially when it is a stimulant such as coffee.

“Coffee being at the heart of the hearts of many people, it will always be a controversial subject,” said Professor Hypponen.

“Our research shows that too much coffee is clearly not good for cardiovascular health, which certainly has implications for those already at risk. Health is generally good advice,” concluded Professor Hypponen.

]]> 0 A guide to better manage your money in 2021 Thu, 08 Apr 2021 02:36:57 +0000

geralt / Pixabay

When it comes to putting yourself in the best possible financial position and having your Personal finance under control, effective money management is vital. Are you aware of your expenses? What about your credit score? Are you keeping track of your debt? These are all essential factors to consider in becoming a money management superstar.


Letters, conferences and more on hedge funds in the first quarter of 2021

Oakmark’s Nygren takes on Morgan Stanley’s Lynch over disruption

activist short sale investment investThere has been a lot of talk in recent years about disruption and trying to choose companies that will disrupt their industries. The debate continued at the Morningstar Investment Conference as Bill Nygren of Oakmark Funds faced Dennis Lynch of Morgan Stanley. Q2 2021 Hedge Fund Letters, Lectures and More Persistence Morningstar’s Katie Reichart moderated the Read more

While exceptional financial skills aren’t always necessary to manage your money better, there are a few tips we could all use to help us stay in control of our finances. To that end, here are our top four ways to effectively manage your money in 2021.

Step 1: Budget better

While you might think a budget isn’t necessary, or it can be a tedious approach to managing your money, it’s incredibly useful. Knowing the source of your money, or where your money is coming from, and where your money is spent are two key parts of better budgeting.

Knowing where your money is going, for example, forces you to check your spending. You will want to consider your essential expenses, such as your bills and rent, and think about your “not-so-essential” expenses, such as money you spend on health care. Keeping track of these two factors is key to your budget, as is keeping it up to date with your spending. This way you will find it easier to keep track of your money.

Step 2: Look for discounts wherever possible

Spending what you can afford to spend is key to better managing your money. This is where it is ideal to look for discounts and pay the perfect price for services and products. Looking at for discounts on services and reduced prices or sales of the products you want to buy, you can reduce your expenses.

Coupons are also another way to take advantage of discounts. So, instead of throwing them away, you might want to keep your coupons to make sure you always pay the ideal price for your products.

We’re not saying you should never have fun. But it’s essential to be careful when it comes to spending money you don’t have. Find different ways to indulge yourself and try to stop spending.

Step 3: Keep track of your responsibilities

Coming back to the importance of a good credit score, you’ll want to keep an eye on the number of loans you’ve taken out. The ideal is to go through all of your credits – your credit cards, car loans, and mortgage loans, for example, and record your expenses on an Excel spreadsheet.

Keeping your monthly expenses low – in terms of loans – is important, especially if you can’t afford the monthly repayments. This is because even if your bank approved your loan application in the first place, it can be difficult to maintain monthly payments if you have other obligations.

Step 4: Save, save and save and use a savings account

The last step to better managing your money is to save as much as you can. If you’ve had your eye on a flashy product, what’s the best way to buy it? Instead of buying with a credit card, for example, make sure you save up beforehand and accumulate your cash until you are sure you can afford it.

Ultimately, your vital expenses such as your bills, mortgage loans or rent are more important than a flashy product. No matter how much you want it, it is always best to try to save as much as possible and buy that product when you have the money together.

How do savings accounts fit in there? They are critical and can strengthen your savings efforts in a number of ways. Not only can you make instant and automatic transfers between your checking account and your savings account, but you’ll also be able to monitor your savings, set how much you want to save each month, and make regular deposits.

Manage your money with ease: key points to remember

While managing money can seem like a challenge, you can make it easier to do this by:

  • Create and stick to a budget
  • Keep an eye on discounts, coupons and sales
  • Control your expenses and Liabilities, and
  • Regularly place a percentage of your money in a savings account

With these key steps, you will soon become a pro at money management and start seeing your money grow in no time.


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Central bank sets up committee to review ARC progress and help realize potential Wed, 07 Apr 2021 23:17:44 +0000

The Reserve Bank of India (RBI) will establish a committee to review the functioning of Asset Reconstruction Companies (ARCs) to help the sector realize its full potential, Governor Shaktikanta Das said on Wednesday.

“Asset rebuilding companies play an important role in resolving stressed assets. Their potential, however, has not yet been fully realized, ”said Das. A committee will undertake a comprehensive review of the functioning of CRAs and recommend measures to enable them to meet the growing demands of the financial sector, he said.

RBI’s concerns about unrealized potential appear to stem from the fact that existing regulations are not conducive to ARC’s involvement as buyers of shares in distressed companies.

Last year, the central bank rejected a resolution plan submitted by UV Asset Reconstruction Co Ltd for the acquisition of assets from Aircel, citing that the plan did not comply with securitization and reconstruction law. financial assets and the execution of securities (Sarfaesi). The UV ARC resolution plan involved the ARC getting a 76% stake in the company within the first five years, with financial creditors getting the rest.

Following this, the ARC Association and lenders such as the State Bank of India (SBI) sought clarification from the RBI on the involvement of ARCs in resolution plans under the Insolvency Code and the Bank of India. bankruptcy (IBC).

Mint reported on September 26 that RBI has decided not to approve the bankruptcy resolution plans submitted by the CRAs. However, CRAs can buy debt from stressed accounts with banks and participate as a creditor under the IBC.

Bankers on Wednesday welcomed the RBI’s decision to set up an expert panel to examine how ARCs work and said it would help resolve asset issues. Banks in India are struggling with bad debts of ??7.38 trillion, a number expected to rise in the coming months as covid-19 returns.

Establishing a committee to review the functioning of ARCs could open up new avenues for faster resolution, SBI Chair Dinesh Khara said.

Since the guidelines for CRAs were released in 2003, they have grown in number and size, but their potential for resolving stressed assets has yet to be fully realized, RBI said Wednesday.

“It was high time RBI looked at the challenges facing the ARC industry. The pricing of assets by banks is an issue where there is always a mismatch of expectations, ”said the head of an ARC.

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Official offers to spend aid against virus Wed, 07 Apr 2021 23:17:42 +0000

FAYETTEVILLE – Washington County Judge Joseph Wood has signaled his willingness to spend part of the county’s $ 4.5 million in relief money for Covid-19, but has not provided any details on how much could to be spent.

Brian Lester, county attorney, released a statement from Wood on Monday evening. Wood admitted to hearing a wide range of opinions on how to use federal money, ranging from total spending to total savings.

“To address these various concerns and maximize the CARES Act funds, I propose that the Washington County Quorum Court enact an order setting aside a portion of the CARES Act fund to be used as a matching grant with the cities.” responding to the urgent needs of our citizens. “said Wood.” The specific emergency needs expressed to me include: food insecurity in our most vulnerable communities; loans or grants to ensure that small businesses survive the negative economic impact Covid-19; and money to make sure private entities have the resources to purchase necessary personal protective equipment or help with vaccine distribution. “

Lester said Wood did not come up with a specific amount to set aside or the mechanism to use to disburse the money.

“It would be in the Court of Quorum,” Lester said Tuesday.

Patrick Deakins, justice of the peace for District 5 in northeast Washington County and chairman of the finance and budget committee, said Tuesday his views on spending the money remained unchanged. Deakins said he was concerned the county would incur more spending, highlighting the potential costs associated with opening circuit courts and county offices to more normal operations.

Deakins said he did not intend to put the proposal on the agenda for the April 6 committee meeting. Deakins said the judge’s statement made an interesting contribution to the conversation.

Shawndra Washington, Justice of the Peace for District 8 in Fayetteville, is a member of the committee. Washington said the proposal should be discussed as soon as possible. She intends to ask that it be on the agenda on April 6.

“It requires swift action,” Washington said. “We cannot afford to delay this until May.”

The quorum court last month rejected a proposal by Fayetteville District 9 Justice of the Peace Eva Madison to allocate $ 3.6 million of the $ 4.5 million. The proposal would have directed $ 1.2 million in assistance to small businesses; money to fight hunger; and money to provide financial assistance to residents who have lost their homes or have experienced financial hardship related to homelessness or housing insecurity.

Madison said the county could provide the assistance by contracting with other agencies and nonprofit groups to administer the programs.

Madison said Tuesday she was encouraged to take her idea to Wood and someone from the quorum court now needs to push it forward.

County residents who pressured the quorum court to take action to spend the money had mixed opinions on Wood’s proposal.

Beth Coger of Fayetteville, who unsuccessfully ran for District 4 field headquarters last year, said she was disappointed with the lack of details. Coger said the county had known about the money since November and still had no real plan for using it.

“I think it’s just a salad of words,” Coger said. “It really doesn’t matter.”

Clint Schnekloth, pastor of Good Shepherd Lutheran Church in Fayetteville, said he has many questions about how Wood’s proposal might be implemented, but he is encouraged by this as he indicates that the County officials listen to people in the community.

“I’m happy to see this move,” said Schnekloth. “It indicates he heard us.”

Washington County also received about $ 7.1 million for housing assistance, which is administered by the Fayetteville Housing Authority and the Springdale Housing Authority.

Wood told justices of the peace last month that Washington County could receive up to $ 46 million in additional Covid-19 assistance under the American Rescue Plan Act, which was recently approved by Congress .

Tom Sissom can be contacted by email at [email protected] or on Twitter @NWATom.

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Councilor Khan chairs 28th WDC AGM Wed, 07 Apr 2021 23:17:40 +0000

Advisor to the Lieutenant Governor, Farooq Khan today called the 28th Annual General Meeting (AGM) of the J&K Women’s Development Corporation (WDC).
The meeting was attended by Sheetal Nanda, Secretary of Social Protection; Dr Naheed Soz, Managing Director, WDC; Rajnesh Gupta, Addl. Secretary of the Department of Finance; Anil Kumar Dogra, SWD Finance Director; Mohammad Ashraf Hakak, OSD of the advisor and many other leaders of the Society.
During the meeting, the accounts for the year 2018-19 were adopted. Councilor Farooq Khan, who is also President of JKWDC, called on the Society to continue to do a good job of extending the benefits to the important gender of our community. He pointed out that women are the important constituent of the population and deserve to be held by the hand and encouraged.
The adviser further ordered that the loans be classified in accordance with the instructions of the auditors. He asked them to give a window to female borrowers who are pregnant or have given birth. He focused on training aspiring entrepreneurs to run their businesses successfully.
The secretary of the social welfare department congratulated the management and staff of WDC for completing the accounts of the company and asked them to deposit the accounts for 2020-2021 in the next board of directors, because the financial year recently ended.
The Managing Director, Dr Naheed Soz, informed that the WDC disbursed 240 crore rupees and benefited 18,000 beneficiaries under various programs and that loan recovery has reached up to 95%. The CEO also gave details of the shares awarded to shareholders and the resulting benefits.
The shareholders were also informed that the accounts for 2020-2021 will be submitted very soon to the Board of Directors for approval. The CEO further informed that the financial health of the company is up to date and the company is expected to grow in the future.

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