Loan application – IPDA Online http://ipdaonline.org/ Fri, 29 Oct 2021 11:38:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Loan application – IPDA Online http://ipdaonline.org/ 32 32 Walz Announces 2-Year Budget Proposal Including Tax Hikes for Top-earners in Minnesota https://ipdaonline.org/walz-announces-2-year-budget-proposal-including-tax-hikes-for-top-earners-in-minnesota/ https://ipdaonline.org/walz-announces-2-year-budget-proposal-including-tax-hikes-for-top-earners-in-minnesota/#respond Tue, 23 Mar 2021 05:30:32 +0000 https://ipdaonline.org/walz-announces-2-year-budget-proposal-including-tax-hikes-for-top-earners-in-minnesota/ “Not all Minnesotans have been affected equally by the COVID-19 pandemic. We know that the COVID-19 pandemic has hit our working families, small businesses and students in particular. They need help. our help, ”Walz added. “The budget I am unveiling today will make significant progress in helping these Minnesotans stay afloat.” The Democratic governor’s budget […]]]>

“Not all Minnesotans have been affected equally by the COVID-19 pandemic. We know that the COVID-19 pandemic has hit our working families, small businesses and students in particular. They need help. our help, ”Walz added. “The budget I am unveiling today will make significant progress in helping these Minnesotans stay afloat.”

The Democratic governor’s budget proposal includes new spending of $ 745 million for education through grade 12, in addition to recent federal assistance of $ 649 million to help schools recover from the pandemic . Walz also proposes to spend $ 50 million for a new small business forgivable loan program to help hardest-hit businesses maintain operations and exit the pandemic, and wants to expand the family tax credit. at work to more than 300,000 eligible households. In addition, he recommends a one-time payment of up to $ 750 to about 32,400 working poor families who participate in the Minnesota Family Investment Program.

Walz’s plan sets up what will likely be a heated debate between Democrats and Republicans in the divided legislature. While Walz said he was open to compromise, he noted that there were things he was not ready to budge on and added that things like relief for small businesses were needed quickly.

The governor also noted that the plan had been developed without any dependence on another possible Congressional stimulus package, but said he planned to adjust his proposal if a federal stimulus was passed, as he will do after the The state will have released its updated budget forecast next month.

“It’s a starting point,” Walz said of the plan.

Senate Majority Leader Paul Gazelka (R-Nisswa) made the following statement:

“I have been clear from day one of the session: we are not balancing the budget with tax increases. A budget that increases taxes is not a priority for Minnesota.

“People have suffered enough already. Employees, contractors and many businesses sacrificed themselves for 11 months. The budget reserve can be used to protect people from damaging tax increases that will further stretch their family budgets and hurt their families. our economy. Senate Republicans will ask the government to tighten their belts before asking the Minnesotans to tighten their belts even more. “

Minority parliamentary leader Kurt Daudt (R-Crown) made the following statement regarding Walz’s proposal:

“We have to get out of this recession through growth; unfortunately, this budget would devastate job growth and hamper our economic recovery by taking money out of the economy to protect government budgets. Placing Minnesota in the top 3 for income and business tax rates without asking the government to share the sacrifice would be a disaster but luckily has no chance of becoming law this year.

“The people of Minnesota should know the Republicans have their backs – we are going to ask the state government to tighten its belt, do more with less, and balance our budget without a tax hike that would hurt our recovery economic.”

House Speaker Melissa Hortman (DFL-Brooklyn Park) and Majority Leader Ryan Winkler (DFL-Golden Valley) released the following statements:

The people of Minnesota expect the state budget to help them overcome this pandemic and thrive once it ends. Governor Walz’s budget reflects the values ​​of Minnesotans and incorporates the reality that COVID- 19 has hit some people and businesses harder than others, ”said Hortman. “Minnesota is a state of plenty – we have abundant natural resources, thriving corporations and nonprofits, a talented population, and higher per capita income than most states. We can and should use the budget to invest in Minnesota and the Minnesotans to ensure economic opportunity for everyone The House looks forward to working with the Governor and the Minnesota Senate during the session to produce a budget that meets the needs of Minnesotans. I congratulate the governor on a budget that goes in a bold and progressive direction.

“The majority of the Minnesota House DFL has started discussing our budget priorities in committee, with House budget targets likely by March 22 and our full budget proposal by April 9. We invite the Minnesotans to engage in conversation with us by communicating with members and participating in our committee hearings and town halls to influence our budget proposals as we work to develop a budget that reflects their values ​​and meets their needs.

“We look forward to receiving the next February Budget Estimates as another key part of setting the stage for this year’s budget debate at the State Capitol.”

“Standing up for the workers and families in Minnesota hardest hit by the pandemic must be the top priority of the legislature right now,” Winkler said. “COVID-19 has further divided Minnesota by income and race, and we cannot just revert to the pre-pandemic status quo of the haves and have-nots. A state government that serves the rich and the well-connected does not people work. “

DFL Senate Leader Susan Kent (DFL-Woodbury) made the following statement:

“The past year presented us with challenges that we haven’t seen in recent history. It also amplified the inequalities that already existed in our communities as we saw how this pandemic affected us differently,” Kent said. . “The Governor’s Budget addresses the areas that need most support right now as we work to recover from the devastating effects of the pandemic – supporting our working families, providing relief to our small businesses and supporting our students. I am especially grateful that Governor Walz has put educational equity at the center of this discussion, as we owe it to every child in Minnesota to ensure that they all have educational opportunities to thrive. , without prejudice.”

“Republican efforts to force their way through this challenge are shortsighted. The governor’s more balanced approach – modest strategic cuts, asking the richest and most profitable Minnesotans to pay their fair share, and to train those who will make our state prosper as we move forward – will ensure that Minnesota is best positioned for a strong future for all, ”Kent added.

The Associated Press contributed to this story.

Click on the video box below to watch Tuesday’s full press conference.


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US to share 4 million doses of AstraZeneca COVID-19 vaccine with Mexico and Canada https://ipdaonline.org/us-to-share-4-million-doses-of-astrazeneca-covid-19-vaccine-with-mexico-and-canada/ https://ipdaonline.org/us-to-share-4-million-doses-of-astrazeneca-covid-19-vaccine-with-mexico-and-canada/#respond Tue, 23 Mar 2021 05:30:31 +0000 https://ipdaonline.org/us-to-share-4-million-doses-of-astrazeneca-covid-19-vaccine-with-mexico-and-canada/ WASHINGTON (Reuters) – The United States plans to send around 4 million doses of AstraZeneca’s COVID-19 vaccine that it does not use to Mexico and Canada under loan deals with the two countries , giving in to requests to share vaccines with allies. Mexico will receive 2.5 million doses of the vaccine and Canada is […]]]>

WASHINGTON (Reuters) – The United States plans to send around 4 million doses of AstraZeneca’s COVID-19 vaccine that it does not use to Mexico and Canada under loan deals with the two countries , giving in to requests to share vaccines with allies.

Mexico will receive 2.5 million doses of the vaccine and Canada is to receive 1.5 million doses, White House spokeswoman Jen Psaki said.

“It is not yet fully finalized but it is our goal,” Psaki said at a daily briefing. “Ensuring that our neighbors can contain the virus is (…) essential to the mission to end the pandemic. “

The Biden administration has come under pressure from countries around the world to share vaccines, especially its stockpile of AstraZeneca vaccine, which is licensed for use elsewhere but not yet in the United States.

AstraZeneca has manufactured millions of doses at a U.S. facility and said it will have 30 million doses ready by early April. The company’s shares rose slightly after Reuters first broke the news.

The vaccine-sharing deal does not affect President Joe Biden’s plans to have a vaccine available to all adults in the United States by the end of May, a senior administration official said, and he does not reduce the vaccine supply available in the United States. .

Two officials said the vaccine would be delivered in a “short order” once the deal was done, but declined to give a more specific timeline.

“Drop-in” or ready-to-use vaccines are on loan under an agreement in which the United States expects to be reimbursed with doses in return. The senior administration official said it would take place later this year.

Psaki said the United States has access to 7 million releasable doses of the AstraZeneca vaccine but has no plans to share them with countries other than Canada and Mexico at this time.

FILE PHOTO: A vial containing AstraZeneca’s coronavirus disease (COVID-19) vaccine is pictured in Berlin, Germany March 16, 2021. REUTERS / Hannibal Hanschke

“We … have a number of requests from a range of countries around the world and we will certainly continue these conversations,” she said.

When asked why Mexico and Canada were chosen, the administration official said: “These are our neighbors, these are our partners.”

The Mexican government said Thursday it would restrict movement at its southern border with Guatemala amid growing apprehensions of migrants trying to enter the United States, many of whom are unaccompanied minors.

When asked if vaccine doses are being shared to get Mexico to help solve the immigration problem, Psaki only noted that the two countries were discussing multiple issues at once.

‘MORE WORK TO DO’

Mexican President Andres Manuel Lopez Obrador had requested the vaccine. The administration official said countries were in contact about the vaccine loan. “We worked through diplomatic channels,” he said.

In recent weeks, Mexico has increasingly relied on China and Russia for vaccines in order to carry out its vaccination plans.

A Canadian government source said, “We are having positive conversations with the United States. These conversations are quite advanced, but there is still work to be done.

Reports of blood disorders have prompted more than a dozen countries to suspend use of AstraZeneca’s vaccine, but the European Union’s medicines watchdog said on Thursday that after an investigation, it was still convinced that the benefits of this vaccine outweighed the risks.

A spokeswoman for AstraZeneca declined to comment on the deal, but noted that its doses in the United States belonged to the United States government.

Biden said if the United States had a vaccine surplus, it would share it with the rest of the world. The White House has focused on vaccinating people in the United States, which has seen more than 530,000 people die from the virus, the highest number of any country.

Biden said Thursday that his goal of having 100 million vaccines administered in the United States during his first 100 days in office would be met early Friday. Biden took office on January 20. “It’s weeks ahead of schedule,” he said.

The country is preparing to roll out the AstraZeneca vaccine nationwide if it obtains clearance from the U.S. Food and Drug Administration, the White House has said.

The United States has pledged $ 4 billion to the global COVAX vaccine program, which aims to deliver coronavirus vaccines to poor countries.

The United States does not need AstraZeneca injections to meet its goal of having enough doses for all American adults by the end of May.

The three licensed vaccine makers – Pfizer Inc / BioNTech SE, Moderna Inc and Johnson & Johnson – have pledged to deliver nearly 500 million doses to the United States by then.

Reporting by Jeff Mason; Additional reporting by Trevor Hunnicutt, Caroline Humer, Julie Steenhuysen, Steve Holland, Steve Scherer and Dave Graham; Editing by Heather Timmons, Alistair Bell and Peter Cooney


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Kiwi Power seeks to bring its European expertise in virtual power plants to North America https://ipdaonline.org/kiwi-power-seeks-to-bring-its-european-expertise-in-virtual-power-plants-to-north-america/ https://ipdaonline.org/kiwi-power-seeks-to-bring-its-european-expertise-in-virtual-power-plants-to-north-america/#respond Tue, 23 Mar 2021 05:30:30 +0000 https://ipdaonline.org/kiwi-power-seeks-to-bring-its-european-expertise-in-virtual-power-plants-to-north-america/ Over the past decade, London-based Kiwi Power has operated a gigawatt of flexible commercial and industrial loads in 10 European countries in energy flexibility grids behind the meter, capable of serving wholesale capacity, reduce pressure on distribution networks and respond to second-by-second frequency regulation signals. More recently, it added 80 megawatts of behind-the-meter batteries to […]]]>

Over the past decade, London-based Kiwi Power has operated a gigawatt of flexible commercial and industrial loads in 10 European countries in energy flexibility grids behind the meter, capable of serving wholesale capacity, reduce pressure on distribution networks and respond to second-by-second frequency regulation signals. More recently, it added 80 megawatts of behind-the-meter batteries to its portfolio of virtual power plants.

On Tuesday, Kiwi announced its first step in North America, starting with an ongoing project with investor Engie, the French energy giant that has built a large portfolio of batteries, electric vehicles and C&I energy services. in North America.

Kiwi is working with Engie on a project to harness Distributed Energy Resources (DER) for price arbitrage in energy markets run by Texas grid operator ERCOT, where short-term price spikes can reach $ 9,000 per kilowatt hour. This market dynamic creates business opportunities for energy storage, but distributed energy has so far struggled to overcome market barriers.

“At a high level, we add load, and we allow that load that could be on an indexed contract to reach surprising situations,” Stephan Marty, Kiwi’s commercial director, said in an interview. Although he didn’t provide much more business details, citing the competitive nature of Texas energy markets, he said, “You can think of it as an insurance policy for high prices. “

At the same time, Kiwi and Engie will seek opportunities to use the same behind-the-meter assets to serve ERCOT’s ancillary service markets, such as its emergency response services market. “Our technology platform allows us to do both – and we have the ability to do one thing at one time and another at another time.”

Engie operates large banks of batteries behind the meter through its Engie storage unit (formerly Green Charge Networks); it brings together energy storage for wholesale markets in regions ranging from Massachusetts to California. But Engie is not Kiwi’s exclusive North American partner, Marty noted. It is also open to licensing its technology to other energy service providers, DER aggregators and utilities.

An example of the latter approach is Kiwi’s work with Canadian utility Lakeland Power. Beyond using DERs for distribution grid flexibility, the utility is working with the Province of Ontario grid operator IESO on an effort to integrate behind-the-meter assets into market operations wholesale. “The app is a little different, but it’s all on the same technology platform.

European leader in the integration of distributed energy resources

Kiwi is far from being the only European company to target distributed energy market opportunities in North America. Centrica Business Solutions, a subsidiary of UK utility Centrica, purchased Belgian Demand Response and Virtual Power Plant Aggregator REstore Power in 2017 and offers a wide range of energy services for US and Canadian commercial and industrial customers.

The North American renewable energy subsidiary of French energy giant EDF has acquired American solar and electric charging companies for electric vehicles looking for distributed energy opportunities. Meanwhile, Shell bought US electric vehicle charging provider Greenlots, microgrid developer GI Energy and solar battery installer behind the Sonnen meter.

Europe is ahead of the United States in allowing the full participation of DERs in energy markets. The UK, in particular, is breaking new ground in demand side flexibility, with distribution network operators, including UK Power Networks, harnessing hundreds of megawatts of DER flexibility.

Kiwi is one of the many aggregators who have won UKPN’s recent “flexibility tenders” to allocate DERs that can reduce loads on distribution channels and avoid having to invest in their strengthening or upgrading. replacement. It is also working with another distribution network operator in the country, Western Power Distribution, on its “IntraFlex” project, which aims to enable the DERs used for the postponement of distribution to also serve the markets of energy imbalance in the United States. scale of the transmission network operated by National Grid.

This is one of the first examples of DERs enlisted simultaneously for distribution and transmission services, a challenge both technical and regulatory, as we covered at GTM Squared this month. Beyond that, US utilities have not fully engaged in the clean energy transformation that has driven European energy giants over the past decade. The state-by-state regulatory framework for the utilities industry in the United States also creates a more fragmented market for DER integration.

Lagging behind Europe, the US and Canadian markets are starting to open up to virtual power plants, at least in their simplest forms. More advanced services are expected to emerge in the coming years as interstate grid operators open up their markets for energy storage behind meters under Federal Energy Regulatory Commission Order 841 and FERC undertakes its long-delayed procedure on the broader integration of the DER. .

“There’s a lot of flexibility out there that isn’t being clawed back right now,” Marty said.


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AC Milan keen to secure loan deal for Chelsea’s Fikayo Tomori https://ipdaonline.org/ac-milan-keen-to-secure-loan-deal-for-chelseas-fikayo-tomori/ https://ipdaonline.org/ac-milan-keen-to-secure-loan-deal-for-chelseas-fikayo-tomori/#respond Tue, 23 Mar 2021 05:30:30 +0000 https://ipdaonline.org/ac-milan-keen-to-secure-loan-deal-for-chelseas-fikayo-tomori/ AC Milan hope to complete their loan for Fikayo Tomori in time for the Chelsea defender to make his debut on Saturday. The Italian giants are aiming to complete their loan deal for Tomori so that the England defender can play against Atalanta this weekend, according to the PA news agency. Chelsea boss Frank Lampard […]]]>

AC Milan hope to complete their loan for Fikayo Tomori in time for the Chelsea defender to make his debut on Saturday.

The Italian giants are aiming to complete their loan deal for Tomori so that the England defender can play against Atalanta this weekend, according to the PA news agency.

Chelsea boss Frank Lampard has insisted he has a “long-term plan” to help Tomori reach his full potential, and do so with the Blues.

But Lampard hasn’t been able to find a regular first-team role for Tomori this quarter, despite the 23-year-old playing regularly in the first half of last season.

Thiago Silva’s summer arrival has left the Blues with five senior center-backs, with Lampard admitting it would be impossible to give them all regular football.

Tomori found himself behind Kurt Zouma, Toni Rudiger and Andreas Christensen in Chelsea’s pecking order, and opted for a loan to find regular action.

Tomori’s loan is expected to last until the end of the campaign, with AC Milan retaining an option to buy this summer for £ 25million.

The Rossoneri are not believed to be able to monetize any permanent summer transfer purchase, and in any case Chelsea continue to insist that Tomori’s long-term future remains in West London .

The Blues will head to Sunday’s FA Cup fourth round game against Luton with boss Lampard under increasing pressure after six losses in eight Premier League games.

Monday’s 2-0 defeat to Leicester has stepped up the pressure on the former Chelsea and England midfielder, with the 42-year-old fully aware that he needs a winning – and quick – run. to consolidate its position.

Former Paris St Germain boss Thomas Tuchel and ex-Juventus manager Max Allegri are both out of work and appear passionate about Chelsea’s challenge.

Chelsea have backed Lampard to spend £ 220million on a summer overhaul of the Stamford Bridge squad, but big-name signings Timo Werner and Kai Havertz are struggling to acclimate to the rigors of the Premier League.

Lampard will likely have more time to reverse the current drop in form, but a Premier League top-four finish has always been a minimum requirement.


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The nurse who ran the scrub marathon was denied Guinness record for not wearing a gown https://ipdaonline.org/the-nurse-who-ran-the-scrub-marathon-was-denied-guinness-record-for-not-wearing-a-gown/ https://ipdaonline.org/the-nurse-who-ran-the-scrub-marathon-was-denied-guinness-record-for-not-wearing-a-gown/#respond Tue, 23 Mar 2021 05:30:29 +0000 https://ipdaonline.org/the-nurse-who-ran-the-scrub-marathon-was-denied-guinness-record-for-not-wearing-a-gown/ By Chaunie Brusie Nurse Jessica Anderson changed the world. Not really. In April, Anderson broke the current world record in the “wearing a nurse’s uniform” category at the London Marathon, with a time of 3:08:22 “, to break the previous record of 3:08:54”. Not only did she land a world record, but she did so […]]]>

By Chaunie Brusie

Nurse Jessica Anderson changed the world. Not really.

In April, Anderson broke the current world record in the “wearing a nurse’s uniform” category at the London Marathon, with a time of 3:08:22 “, to break the previous record of 3:08:54”. Not only did she land a world record, but she did so in a pair of scrubs, wearing the actual work uniform she dons during her shifts as a nurse in the acute admissions unit of the Royal London Hospital, where she has been employed for seven years.

And of course, because nurses can do anything, Anderson ran in a lab coat, broke a world record, and managed to raise over £ 5,000 for his cause, Barts Charity. Guinness World Records, however, had other ideas and stripped Anderson of his world record title. Why? Well, because she wore gowns instead of a “traditional” nurse’s uniform.

What is a nurse according to the previous Guinness rules

In an Instagram post in February, Anderson explained that she contacted Guinness to ask to participate in the race while wearing scrubs as a uniform rather than the “traditional” nurse’s uniform they needed. And if you’re wondering what qualifies as a “traditional” nurse uniform, think of all the horrible stereotypical “sexy” or “ugly” Halloween nurse costumes you’ve ever seen. MAJOR #eyeroll.

Image via Instagram

The agency, however, declined her candidacy and said the scrubs (somehow?) She vowed to run anyway and break the record.

Which she did, of course. But she didn’t expect what was to come: instead of acknowledging her victory or congratulating her on her incredible beauty, Guinness World Records denied Anderson the world record title. Understandably disappointed, Anderson said The runner’s world that she was “quite confused” by the organization’s decision.

“… I emailed them asking them to reconsider their decision, but they said no,” she told the magazine. “I understand it’s supposed to be a fun thing, but their definition is so outdated. Some of the nurses I work with wear dresses, but most of the time we wear scrubs or a tunic and pants. I have certainly never seen a nurse wearing a robe to work. “

She told the BBC that Guinness responded with an email describing the ‘appropriate’ nursing uniform to wear during a race,

“The nurse’s uniform should include a blue or white nurse’s gown, white apron, traditional white nurse’s cap,” the Guinness World Records email read. They went on to say that the scrub costume was very similar to a doctor’s uniform and that it was important to differentiate the two professions.

We imagine something like this would have been more appropriate for Jessica to introduce herself… according to Guinness.

Nurses who support theirs

As you can imagine, the organization’s decision to redact Anderson’s title purely on the basis of his attire didn’t work out so well with uh, anyone. Nurses and fans around the world have expressed outrage that the organization deprives a deserving runner of her record and promotes an outdated dress code steeped in historic sexism.

“As a member of a group that won and broke two new world records with my former IHS colleagues in 2018, I am ashamed to see Guinness World Records meet such outdated standards,” wrote a disgusted commentator in response. “I challenge this organization to set a better example for strong women of the next generation and our future leaders. I strongly urge you to honor the accomplishments of this nurse and leave the sexism of the past in its place. “

To support Anderson, who shared his own photo of his world record-winning run in his scrubs, the nurses shared their own images wearing their real work uniforms with the hashtag #What nurses wear.

The soldiers posted pictures of themselves in full uniform, pointing out, sarcastically, that dresses may not be the most practical choice for them to do their jobs. “I save whatever uniform I wear” wrote another proud nurse. “On duty or on leave.” I am a proud professional nurse. # Whatnurseswear ”

Changing the rules and the record at Guinness World Records

Fortunately, for everyone involved, the official people who make Guinness World Records changed their minds and issued a press release on Monday, May 7, explaining that they had changed their stance and would recognize Anderson’s title:

“Over the weekend, it became quite clear to Guinness World Records that our guidelines for the fastest marathon in nurse’s uniform were outdated, incorrect and reflected a stereotype that we in no way wish to perpetuate,” says the press release. “Having received the official London Marathon times this morning, we are pleased to award Jessica the Guinness World Records title for the fastest marathon in nursing uniform for her attempt on Sunday April 28 (3 hours, 8 minutes and 22 seconds), and to have notified it as such.

“I want to take this opportunity to reassure all concerned that Guinness World Records is absolutely committed to ensuring that we meet the highest standards of equality and inclusion. Therefore, we wholeheartedly apologize and accept the entire responsibility for the mismanagement of Jessica Anderson’s candidacy. ”

Additionally, the powers that be have also promised to update their guidelines to truly reflect the actual work uniforms worn by nurses in the UK and around the world.

Anderson’s story is proof of several things, including

1) nurses are a game changer

2) Scrubs are so awesome you can save lives or run marathons in them.

Image via Instagram

And if you ask us, Anderson has always held the record in our books. Because as the saying goes, a nurse is a nurse no matter what she wears.

Or something like that.



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Omni hotels accepted millions of PPP funds but failed to pay workers https://ipdaonline.org/omni-hotels-accepted-millions-of-ppp-funds-but-failed-to-pay-workers/ https://ipdaonline.org/omni-hotels-accepted-millions-of-ppp-funds-but-failed-to-pay-workers/#respond Tue, 23 Mar 2021 05:30:29 +0000 https://ipdaonline.org/omni-hotels-accepted-millions-of-ppp-funds-but-failed-to-pay-workers/ Omni Hotels & Resorts, the international chain of luxury hotels owned by billionaire Robert B. Rowling, accused of embezzling millions of dollars in federal pandemic relief funds intended to keep workers on the payroll . Unite Here, a service workers union with more than 300,000 members in North America, said several Omni hotels where it […]]]>

Omni Hotels & Resorts, the international chain of luxury hotels owned by billionaire Robert B. Rowling, accused of embezzling millions of dollars in federal pandemic relief funds intended to keep workers on the payroll .

Unite Here, a service workers union with more than 300,000 members in North America, said several Omni hotels where it represents workers took loans from the Paycheck Protection Program but never paid any. hundreds of workers.

Unite Here said 32 Omni hotels have received approximately $ 76 million in loans from the program, known as PPP. About $ 23 million went to seven hotels, in cities like Chicago, Boston, Washington, DC and San Francisco, where he represents more than 1,000 housekeepers, waiters and other service workers.

In its application to the Small Business Administration, Omni Providence in Rhode Island requested a $ 2.6 million PPP loan, promising to keep 246 jobs.

Health club attendant Quilcia Moronta was fired after working at the hotel for 21 years. She applied for unemployment benefits and food stamps and was hopeful when the hotel loan was approved on April 13.

“As I struggled to provide for my family, I learned that the Omni had received PPP money,” said Moronta, a single mother with two children. “I said, ‘Great, at least they’re going to help us fend for ourselves when it comes to basic needs.’ “

Eight months later, unemployment benefits for Moronta and other workers expired, and health coverage is long gone. And they are still waiting for the benefits of PPP.

“At the moment, it is December and we haven’t heard anything that Omni is using this money to help its employees,” she said.

“Here in Boston, I have spoken to hundreds of workers who work at Omni Parker House, and I know that none of them received a single penny of that money,” said Carlos Aramayo, vice-president. executive chairman of Unite Here. “Looking at this winter, a lot of them could really use it.”

Zebedee Williams was fired in March from her job as a night banquet maid at the Omni William Penn in Pittsburgh. He said that since unemployment and weekly extra help from the federal government ran out, he had struggled to feed his household, which includes a disabled partner and three daughters. To stretch the budget, he said, he skipped meals.

“It’s not good for kids not to eat,” Williams said. “I would do it 10 times if the situation happened. I would make sure my kids ate. I would make do with it.”

In a written statement, a spokesperson for the Dallas-based chain said hotel workers were not held up because facilities were either closed or operating at significantly reduced capacity.

The PPP was part of the CARES Act, the massive pandemic relief package President Trump signed in March. Some 5.2 million businesses have obtained $ 523 billion in PPP loans. Although the Small Business Administration program was designed to help small businesses keep workers paid – as an alternative to unemployment – it has been widely criticized for favoring large companies and pricking up fraud allegations.

PPP rules allow a business to use funds for payroll even if it is closed. But the Omni chose not to. Instead, the channel said in its statement, “any amount of PPP loans that are not canceled will be returned or repaid with interest according to the terms of the program.”

Critics say whether hotels pay off loans is not the issue. They note, for example, that the interest rate on PPP loans is only 1%, well below the market rate.

“It’s disgusting if companies want to use this as a way to get a low-interest loan from the federal government,” Unite Here’s Aramayo says. “It’s really not fair for a company to take money that was intended to help its own workforce and use it for other purposes.”

Omni’s use of funds is “clearly very contrary to the spirit of what this [program] was on point, “said Harry J. Van Buren, professor of business ethics at the University of St. Thomas in Minneapolis.” Even if they repay the loan, the fact that they have come considerably closer to the free money for a while, is really a plus for them too. “

“I think of other businesses that may not have received money because Omni did, either real small businesses in difficulty or another business that could have used it to pay their bills. employees, ”said Lisa Gilbert, executive vice president of consumer advocacy group Public Citizen. “It doesn’t seem like a great investment of taxpayers’ money, even if they return the money at the end of the day.”

On December 8, Aramayo wrote to the Small Business Administration and the US Department of the Treasury, to review PPP loans to Omni hotels, “especially if [the borrowers] ask for forgiveness. It was only a few weeks before President Trump enacted a new pandemic relief package with his own version of the Paycheck Protection Program – one with new rules to help address some of the issues that critics discovered in the first iteration.

Copyright 2020 90.5 WESA. To learn more, visit 90.5 WESA.


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COVID-19: Westchester doctor accused of illegally receiving government guaranteed loans https://ipdaonline.org/covid-19-westchester-doctor-accused-of-illegally-receiving-government-guaranteed-loans/ https://ipdaonline.org/covid-19-westchester-doctor-accused-of-illegally-receiving-government-guaranteed-loans/#respond Tue, 23 Mar 2021 05:30:28 +0000 https://ipdaonline.org/covid-19-westchester-doctor-accused-of-illegally-receiving-government-guaranteed-loans/ A Westchester ophthalmologist who practiced throughout the Hudson Valley and Fairfield County who had previously been charged with healthcare fraud faces new charges for allegedly trying to exploit the new crisis. coronavirus (COVID-19). Ameet Goyal, 57, of Rye, who operates The Eye Associates Group, with practices in Rye, Mount Kisco, Wappingers Falls and Greenwich, has […]]]>

A Westchester ophthalmologist who practiced throughout the Hudson Valley and Fairfield County who had previously been charged with healthcare fraud faces new charges for allegedly trying to exploit the new crisis. coronavirus (COVID-19).

Ameet Goyal, 57, of Rye, who operates The Eye Associates Group, with practices in Rye, Mount Kisco, Wappingers Falls and Greenwich, has been arrested and charged by federal officials for allegedly fraudulently billing patients for the last year.

According to US lawyer Audrey Strauss, Goyal is now accused of fraudulently obtaining government guaranteed loans to help small businesses during the COVID-19 pandemic while on bail.

Due to its pending criminal charges, Goyal’s ophthalmology practice was not eligible for the government’s Paycheck Protection Program (P3), which was designed to provide financial assistance to small businesses during the pandemic.

It is alleged that in April, to gain access to PPP funding, Goyal falsely stated on two separate requests to the US Small Business Administration and a Manhattan bank that he was not subject to any pending charges.

Goyal also circumvented a PPP condition by applying for two loans with different business names, email addresses, company ID numbers and loan amounts.

As part of the program, Goyal obtained two PPP loans for more than $ 630,000.

Goyal is now accused of:

  • Healthcare fraud;
  • Electronic fraud;
  • Make false statements regarding health care matters;
  • Bank fraud;
  • Make false statements on a loan application;
  • Making false statements in a matter within the jurisdiction of the executive branch of the government of the United States.

Goyal is due to be brought to justice in Federal Court in White Plains on Friday, June 26. If convicted, he faces decades in prison, plus additional punishment for committing the latest violations while on bail.

“Although he is already accused of allegedly defrauding patients and insurers of millions of dollars, Goyal is said to have used his practice to commit new fraud amid the COVID-19 pandemic,” Strauss said.

“As alleged, Goyal blatantly lied on several loan applications that he was not subject to any indictment, and on top of that, fraudulently dug into the limited assets of the check protection program twice. payroll claiming to be applying on behalf of two separate companies, “she added. “In doing so, Goyal allegedly plundered over $ 630,000 in federal funds destined for legitimate small businesses in dire financial straits.”

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Ailing firm Marto Capital applied for PPP money – and got approved, Records Show https://ipdaonline.org/ailing-firm-marto-capital-applied-for-ppp-money-and-got-approved-records-show/ https://ipdaonline.org/ailing-firm-marto-capital-applied-for-ppp-money-and-got-approved-records-show/#respond Tue, 23 Mar 2021 05:30:28 +0000 https://ipdaonline.org/ailing-firm-marto-capital-applied-for-ppp-money-and-got-approved-records-show/ Marto Capital – a former prodigy founded by a former Bridgewater Associates star – has been approved for US government emergency funds, records showed Monday. Katina Stefanova’s New York-based company has reportedly received between $ 150,000 and $ 350,000 in potentially recoverable loans under the Paycheck Protection Program, which aims to help save small businesses […]]]>

Marto Capital – a former prodigy founded by a former Bridgewater Associates star – has been approved for US government emergency funds, records showed Monday.

Katina Stefanova’s New York-based company has reportedly received between $ 150,000 and $ 350,000 in potentially recoverable loans under the Paycheck Protection Program, which aims to help save small businesses hit by the coronavirus pandemic. Marto has neither confirmed nor commented on the loan.

Notably, Marto has not kept any jobs with the funds, according to published data. Signature Bank approved his request on April 28, according to official documents.

But it is not clear what Marto Capital’s business is, or whether it plans to repay the money received.

Marto has relinquished his active status with the major US industry regulators. On its website, the company is called a “new age investment company”.

Founded as a hedge fund company in 2015, Marto has attracted hundreds of millions of capital from branded seed companies, including PAAMCO Prisma. Stefanova has become a shining face in the investment industry, leading what many saw as a spin-out from one of the world’s most successful hedge funds, Bridgewater.

But the original Big Three investors withdrew their money, and Marto went from around $ 235 million company-wide in April 2019 to just $ 10-20 million in his once-flagship systematic product d. ‘by the end of the year, according to confidential files and an estimate from the former employee.

Marto Capital relinquished its ability to manage external capital in February by terminating its registration with the Securities and Exchange Commission. Stefanova’s company also went out of business in May, stepping down as a commodity pool operator and a member of the National Futures Association.

Yet Stefanova claimed in February that she had secured an investment of more than $ 1 billion from a single ultra-wealthy individual.

[II Deep Dive: Katina Stefanova Claims a $1 Billion Investment in Marto Capital. Is It Real?]

It would not identify the investor, allow a third party to verify the funds, or provide official proof that the money exists.

Experts have said that investment firms cannot handle $ 1 billion in outside money without SEC registration. Asked about this situation, Marto responded through a lawyer. “Marto Capital is not subject to SEC registration requirements,” wrote Michael Ledley in a cease and desist letter – the second of three Institutional investor received from Marto – and threatened to sue if II published the article. (Marto did not continue.)

The company did not want to say how it was exempt. Marto also did not respond when asked about his PPP windfall.

Taking PPP money is a controversial decision for companies in the investment industry, which have not suffered much from the Covid-19 pandemic. Assets under management for the entire industry remain as vast as ever, and the industry enjoys the highest average profit margins in the U.S. economy.

Ritholtz Wealth Management, for example, drew heavy criticism for its successful loan application, but paid off the money in a short period of time.

PPP loans are in many cases forgivable. The Small Business Administration made public on Monday the recipients who received $ 150,000 or more, reversing the Treasury’s original position that they could be kept under wraps.


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Second senior city tour, disability assistance begins August 29 | Jax Daily Record | Jacksonville Daily Record https://ipdaonline.org/second-senior-city-tour-disability-assistance-begins-august-29-jax-daily-record-jacksonville-daily-record/ https://ipdaonline.org/second-senior-city-tour-disability-assistance-begins-august-29-jax-daily-record-jacksonville-daily-record/#respond Tue, 23 Mar 2021 05:30:27 +0000 https://ipdaonline.org/second-senior-city-tour-disability-assistance-begins-august-29-jax-daily-record-jacksonville-daily-record/ The city of Jacksonville announced on August 17 that it was launching the second round of its financial assistance program for the elderly and the disabled at 8 a.m. on August 29. The program will provide 3,000 one-time payment cards of $ 300 to people aged 72 or older or those receiving Social Security disability […]]]>

The city of Jacksonville announced on August 17 that it was launching the second round of its financial assistance program for the elderly and the disabled at 8 a.m. on August 29.

The program will provide 3,000 one-time payment cards of $ 300 to people aged 72 or older or those receiving Social Security disability benefits.

Only applications submitted by phone or online will be accepted. Grants are awarded on a first come, first served basis.

Requests will be reviewed prior to distribution of payment cards. The card will be mailed to the applicant if they are eligible.

Cards can be used for purchases and cannot be used at an ATM or to get cash back at a retailer’s checkout.

Applicants must meet the following requirements:

• Reside in Duval County.

• Certify that they have not received funds from the city’s VyStar Small Business Assistance Program; Employee retention loan program; Mortgage Loan, Rent and Utility Assistance Program; or the first component of the Financial Assistance Program for the Elderly and the Disabled.

• Either be at least 72 years old or receive Social Security disability benefits.

• Have experienced either a decrease in income or an increase in expenses due to the COVID-19 pandemic.

• Applicant’s adjusted gross income must not exceed $ 30,000 in 2019.

• Applicants can only receive one card per household.

• Applicants must provide their date of birth and the last four digits of their social security number.

Accounts can be created on the MyJax portal, but the application process will not begin until 8:00 a.m. on August 29.

To apply by phone, applicants can call (904) 255-8888 starting at 8 a.m. on August 29.

The first round of the program kicked off on June 20 with 3,300 cards dealt.


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Homebuyer Mortgage Demand Rises 4% https://ipdaonline.org/homebuyer-mortgage-demand-rises-4/ https://ipdaonline.org/homebuyer-mortgage-demand-rises-4/#respond Tue, 23 Mar 2021 05:30:26 +0000 https://ipdaonline.org/homebuyer-mortgage-demand-rises-4/ Mortgage applications to buy a home rose 4% for the week, according to the Mortgage Bankers Association. The Composite Market Index, a measure of the volume of mortgage applications, fell 0.3% on a seasonally adjusted basis from the previous week. On an unadjusted basis, the index was down 2 percent from the previous week. The […]]]>

Mortgage applications to buy a home rose 4% for the week, according to the Mortgage Bankers Association.

The Composite Market Index, a measure of the volume of mortgage applications, fell 0.3% on a seasonally adjusted basis from the previous week.

On an unadjusted basis, the index was down 2 percent from the previous week. The refinancing index was down 2 percent from the previous week and was 98 percent higher than the same week a year ago.

The seasonally adjusted purchasing index rose 4 percent from the previous week.

“Activity in the mortgage market was mixed last week, despite the 30-year fixed rate mortgage remaining below 3%. Housing demand remains supported by the ongoing labor market recovery and increased appetite among households seeking more space due to the pandemic, ”said Joel Kan, Associate Vice President of Economic and Industrial Forecasts of the MBA.

“The refinance index fell last week – due to sharp declines in FHA and VA claims – but remained 98% strong above last year. The average refinance loan balance of 291 $ 000 last week was the lowest since January. Many borrowers with higher loan balances may have acted earlier in the current wave of refinancing, “Kan said.

The refinancing share of mortgage activity fell to 69.8% of total applications, from 70.0% the previous week.

The average contractual interest rate for 30-year fixed rate mortgages with compliant loan balances ($ 510,400 or less) fell from 2.98% to 2.99%.

The average contractual interest rate for 15-year fixed rate mortgages increased to 2.59% from 2.55%.

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