Loan application – IPDA Online http://ipdaonline.org/ Fri, 04 Feb 2022 00:45:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Loan application – IPDA Online http://ipdaonline.org/ 32 32 Michigan’s small business relief program flooded with applications https://ipdaonline.org/michigans-small-business-relief-program-flooded-with-applications/ Tue, 23 Mar 2021 05:31:07 +0000 https://ipdaonline.org/michigans-small-business-relief-program-flooded-with-applications/ GRAND RAPIDS, Mich. (WOOD) – A $10 million grant program to help small businesses hard hit by the Covid-19 pandemic was inundated with applications on Tuesday. the Pure Michigan Small Business Relief Program began accepting online applications on a first-come, first-served basis at 9 a.m. That’s 28 times the number of businesses the program can […]]]>

GRAND RAPIDS, Mich. (WOOD) – A $10 million grant program to help small businesses hard hit by the Covid-19 pandemic was inundated with applications on Tuesday.

the Pure Michigan Small Business Relief Program began accepting online applications on a first-come, first-served basis at 9 a.m. That’s 28 times the number of businesses the program can help, if all selected applicants receive the maximum amount of $15,000.

Given the overwhelming response, the MEDC closed the online application program at the end of the business day.

According to its website, “As of 6:00 p.m., 6,136 applications have been submitted and over 11,600 remain in the queue.”

“The sheer volume of requests in the first few hours of the Pure Michigan Small Business Relief Initiative app going live couldn’t make it any clearer the need for additional relief for our small businesses – whether through action legislative here in Michigan or at the federal level,” Achtenberg wrote in an email to News 8.

With no time or money to waste, David Jurgenson of the Curragh Irish Pub in the Netherlands was among the first to submit an entry.

“I had planned to try to log in at 9 a.m.,” Jurgenson said. “I was number 148 (in the queue) or something and had to wait for about half an hour.”

If selected as the recipient, Jurgenson hopes to use the grant money to help keep staff on the payroll.

“One of the questions we had to answer (on the application) was ‘should you eliminate a full-time position if you don’t get this grant? “Said Jurgenson. “The other question was, ‘Will you keep a full-time position if you get the grant?’ I answered yes to both.

Ed Garner, the regional director of the Michigan Small Business Development Center, has helped its members through grant and loan processes like this.

Garner said the Pure Michigan Small Business Relief Program has set aside $1.3 million for businesses in the western Michigan region.

But given the number of businesses in need, he said that amount of money could only go so far.

“(He) will be able to help about 86 or 87 businesses with this grant,” Garner said of the West Michigan region.

Along with restaurants, bowling alleys are another hard-hit industry hoping to benefit from the grant money.

“The first thing I’m going to catch up on is some of my utility bills and some of my bank payments,” said Donn Slimmen, owner of Spartan West Bowling Alley. “We’ve been closed for 220 days this year with no revenue, which tells you how far behind we are.”

Achtenberg said the MEDC and its trustee, the Michigan Municipal League Foundation, expected the request to go well beyond the CARES Act funds the program can award and “planned for this eventuality.”

The agency relies on timestamps on submitted applications and email alerts to applicants waiting their turn to keep the process smooth.

“We are confident that the approach and the process are working,” Achtenberg said.

Achtenberg said the provider hosting the online application confirmed there was no unusual activity in the processing of applications, including bots.

Grant-eligible companies will be notified by the MML Foundation the week of January 13 what they need to do next to secure funding. The MEDC expects to distribute the $10 million by the end of January.

**Correction: A previous version of this article listed Garner as a member of the Small Business Association of Michigan. He currently works at the Michigan Small Business Development Center. We regret the error, which has been corrected.

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The recovery will take many forms, not one – Mish Talk https://ipdaonline.org/the-recovery-will-take-many-forms-not-one-mish-talk/ Tue, 23 Mar 2021 05:31:07 +0000 https://ipdaonline.org/the-recovery-will-take-many-forms-not-one-mish-talk/ No support for V-shaped recovery Please consider a FiveThirtyEight report on the form of the takeover. In partnership with the Global Markets Initiative at the University of Chicago Booth School of Business, FiveThirtyEight asked 34 quantitative macroeconomic economists what they thought about a variety of topics around the coronavirus recession and recovery efforts. the most […]]]>

No support for V-shaped recovery

Please consider a FiveThirtyEight report on the form of the takeover.

In partnership with the Global Markets Initiative at the University of Chicago Booth School of Business, FiveThirtyEight asked 34 quantitative macroeconomic economists what they thought about a variety of topics around the coronavirus recession and recovery efforts. the most recent surveywhich was conducted from June 19 to 22, echoed many predictions of the last lap – although there are also some new wrinkles in their predictions.

when we first asked As for the shape of the recovery, 58% of respondents thought the trajectory of future U.S. gross domestic product looked like like a Nike swoosh — a sharp decline followed by a long, slow recovery. This time, however, a consensus has formed around a slightly different form: an inverted radical (i.e. a mirrored version of the square root symbol).

Twelve of the 17 economists who predicted a swoosh in our survey at the end of May switched to the reverse radical this time, leaving just five respondents to stick with the swoosh in this round of the survey. (And no economist swooshed in, another sign that other models better match the trajectory of this economic recovery.)

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TNAU Obtains Patent for Protein-Based Crop Growth Booster https://ipdaonline.org/tnau-obtains-patent-for-protein-based-crop-growth-booster/ Tue, 23 Mar 2021 05:31:06 +0000 https://ipdaonline.org/tnau-obtains-patent-for-protein-based-crop-growth-booster/ Tamil Nadu Agricultural University (TNAU) here has obtained the patent for protein extraction technology for seed treatment and foliar spray application. The TNAU Seed Center conducted research to standardize seed treatment and foliar spraying with “protein extract” to increase crop growth and productivity. Foliar spraying of 1-1.5% protein extract during the pre-flowering and flowering phases, […]]]>

Tamil Nadu Agricultural University (TNAU) here has obtained the patent for protein extraction technology for seed treatment and foliar spray application.

The TNAU Seed Center conducted research to standardize seed treatment and foliar spraying with “protein extract” to increase crop growth and productivity.

Foliar spraying of 1-1.5% protein extract during the pre-flowering and flowering phases, increasing crop yield by more than 15% across the crop spectrum, a press release from the TNAU.

When the protein extract was applied through the 40-75% seed coating, crop seed germination increased by about 6-8% and seedling dry matter increased by 10-15%.

Alternatively, soaking the seeds before sowing in a secondary protein solution of 0.5-0.75% can be followed to increase seed germination by 6-10% depending on the seed of the crop.

The products were launched as commercial natural growth boosters under the name “NutriGold” and “SeedAid”.

A patent application has been filed by the scientists for the newly developed technology which includes a protein extract product development procedure for seed treatment and foliar spraying to improve crop productivity and after proper consideration, the patent has been granted, according to the release.

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COVID-19: Feds nab man fleeing Sussex accused of pocketing $5.6m pandemic small business loan https://ipdaonline.org/covid-19-feds-nab-man-fleeing-sussex-accused-of-pocketing-5-6m-pandemic-small-business-loan/ Tue, 23 Mar 2021 05:31:05 +0000 https://ipdaonline.org/covid-19-feds-nab-man-fleeing-sussex-accused-of-pocketing-5-6m-pandemic-small-business-loan/ A Sussex County man who raised $5.6million in federal COVID-19 pandemic loans he was not eligible for was about to board a flight to Pakistan when federal agents pulled him over arrested, authorities said. Azhar Sarwar Rana, 30, from Newton, took the money – intended to keep struggling small businesses afloat during the pandemic – […]]]>

A Sussex County man who raised $5.6million in federal COVID-19 pandemic loans he was not eligible for was about to board a flight to Pakistan when federal agents pulled him over arrested, authorities said.

Azhar Sarwar Rana, 30, from Newton, took the money – intended to keep struggling small businesses afloat during the pandemic – and invested millions in the stock market, made a payment to a luxury car dealership and sent hundreds of thousands of dollars to accounts in Pakistan, US Attorney Craig Carpenito said.

Rana applied for a stimulus loan under the federal Paycheck Protection Program for a company that allegedly invested in real estate development, Carpenito said.

The app included false payroll and tax information and included “inconsistent lists of company employee counts,” the U.S. attorney said.

New Jersey Department of Labor records showed Rana’s company, incorporated in his name, paid no wages in 2019, he said.

The minimum wages he would have paid in 2020 “were primarily for people whose submitted social security numbers did not match their submitted names,” Carpenito said.

“Based on Rana’s alleged misrepresentations, the lender approved Rana’s PPP loan application and provided Azhar Sarwar Rana LLC with approximately $5.6 million in federal COVID-19 emergency relief funds earmarked for struggling small businesses,” he said.

Rana is among nearly 60 people charged by the US Justice Department since May with trying to steal more than $175 million from the taxpayer-funded PPP, which was designed to keep struggling small businesses afloat. during the pandemic.

Several hundred more investigations — involving nearly 500 suspects and hundreds of millions in loans — were continuing, federal authorities said.

In late March, Congress created the $670 billion rescue fund through the CARES Act, which was “designed to provide emergency financial assistance to millions of Americans who are suffering the economic effects resulting from the COVID-19 pandemic,” Carpenito said.

The program distributed about $525 billion in repayable loans to more than five million businesses, saving about 50 million jobs during one of the worst national crises in recent history.

It turns out that tens of thousands of those beneficiaries were ineligible, federal authorities said.

Carpenito said they include Rana, who was detained by a U.S. District Court judge by teleconference on Monday.

Carpenito credited special agents from the FBI, IRS – Criminal Investigation, Social Security Administration, and Homeland Security Investigations from the U.S. Department of Homeland Security with the investigation that led to charges against Rana of fraud. banking and money laundering.

Assistant U.S. Attorney Andrew Macurdy of the Carpenito Economic Crimes Unit in Newark is handling the case for the government.

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NJ priest sues government over pandemic order as ‘unconstitutional’ https://ipdaonline.org/nj-priest-sues-government-over-pandemic-order-as-unconstitutional/ Tue, 23 Mar 2021 05:31:05 +0000 https://ipdaonline.org/nj-priest-sues-government-over-pandemic-order-as-unconstitutional/ A priest has filed a federal lawsuit against Governor Phil Murphy, claiming that an emergency executive order amid the state’s first public health emergency is unconstitutional to restrict gatherings, including religious services. Kevin Robinson, of St. Anthony of Padua Church in North Caldwell, filed the lawsuit on April 30 in US District Court in Newark. […]]]>

A priest has filed a federal lawsuit against Governor Phil Murphy, claiming that an emergency executive order amid the state’s first public health emergency is unconstitutional to restrict gatherings, including religious services.

Kevin Robinson, of St. Anthony of Padua Church in North Caldwell, filed the lawsuit on April 30 in US District Court in Newark.

“The parish has no affiliation with the Archdiocese of Newark. It is part of the Society of St. Pius X (SSPX), which is “Catholic”, but NOT in communion with Rome, and therefore, is not recognized by the Roman Catholic Church,” according to Maria Margiotta, communications director for the Archdiocese of Newark.

According to the complaint, Robinson said he “has been threatened by local law enforcement with arrest and criminal prosecution if he dares to offer a mass or hold any other public gathering at his church, which remains closed in reason for this threat”, under the law of March. 21 Executive Order to Slow the Spread of COVID-19.

As of May 3, New Jersey had 126,744 positive cases based on test results and 7,871 deaths from COVID-19.

As first reported by Les Elephants Rouges, a conservative blog, Robinson was assisted in his case by attorneys from the St. Thomas More Society of Catholic Lawyers.

An evangelical Christian church in Illinois has also sued Illinois Governor JB Pritzker over a stay-at-home executive order effective on same day as Murphy’s.

On April 30, Pritzker issued an amended executive order, which allowed Illinois residents to “engage in the free exercise of religion,” provided gatherings were limited to 10 people or fewer and following the social distancing requirements to stay online with Center of Disease Control and Prevention guidelines.

Illinois also said “religious organizations and places of worship are encouraged to use online or drive-in services to protect the health and safety of their worshippers.”

An online petition was launched last month by a state legislator who said religion is an “essential service” and called in-person religious gatherings amid the coronavirus pandemic a “law-protected right.” Constitution” which should be allowed with “reasonable precautions”.

More from New Jersey 101.5:

If you could salvage one thing from normal life…

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Should I refinance? The answer always comes down to money https://ipdaonline.org/should-i-refinance-the-answer-always-comes-down-to-money/ Tue, 23 Mar 2021 05:31:04 +0000 https://ipdaonline.org/should-i-refinance-the-answer-always-comes-down-to-money/ With every drop in mortgage rates this year, it’s hard for homeowners not to ask themselves: Is it time to refinance? While online refinance calculators can provide quick and easy results, the answer is often more complex than what you get from those few mouse clicks. So what about that rule of thumb – that […]]]>

With every drop in mortgage rates this year, it’s hard for homeowners not to ask themselves: Is it time to refinance?

While online refinance calculators can provide quick and easy results, the answer is often more complex than what you get from those few mouse clicks.

So what about that rule of thumb – that interest rates have to come down about one point for that to make sense?

“A totally disgraceful statement from the people who make it,” said Cristie Stapp, senior loan officer for Guild Mortgage in Seattle. “They don’t give people credit for having a brain.”

The right answer for each homeowner depends on questions such as how much they can save each month and how much the refinancing process will cost.

“No matter what, there will be a cost,” Stapp said. “If it costs them $3,000 and saves them $50 a month, you know it will take them five years to save any money. »

Megan Grishel, 26, of Everett, is one homeowner who decided the time was right for refinancing.

When she bought her house almost three years ago, she had to take out mortgage insurance, an additional cost that wouldn’t expire for years.

Over the past few years, she’s made a few improvements to her home — adding a patio, painting, and installing air conditioning. And interest rates are now lower than when she bought her house.

Grishel got a tip from a friend that it might be time to check out the refinance.

Her fiancé, David Vaughan, branch manager for Freedom Mortgage, told her, “You can look elsewhere, but we have really competitive rates.”

Grishel said she’s about halfway through the refinancing process, but expects to save about $250 a month on her mortgage payment. “After just a few years, I was shocked,” she said of how much she could save.

The savings will come from removing the requirement for mortgage insurance, as well as cutting its interest rates by around three-quarters of a point, to 3.625%.

His advice to other landlords: “You can always ask, and they’ll tell you if it’s beneficial or not.

Homeowners often assume that mortgage rates are tied to federal interest rates, Stapp said. In fact, these much publicized interest rate cuts may affect credit card rates, but only indirectly affect mortgage rates.

“So the Fed does not control mortgage rates. It’s a big misconception that there is a direct correlation,” she said. But Federal Reserve decisions to lower interest rates affect the economy, which in turn affects mortgage rates.

Laurel Chevalier-Keane, former president of the National Association of Professional Women in Mortgages, is a branch manager at Freedom Mortgage in Lynnwood. The company plans to open an office in Arlington next month.

Knight-Keane said she expects interest in the refinance to increase after the holidays.

Figure out exactly why you’re considering refinancing — to lower your interest rate or to help pay for improvements to your home, she said.

“Let’s say you bought the house and put in some minimal money, but you made some improvements, your home value went up, and your credit score went up,” she said. You can often save money even if your interest rate is the same by taking out an FHA loan and mortgage insurance.

Beware of what are advertised as “no cost” loans, she said.

“There has never been a free loan. There’s a way he gets paid,” Knight-Keane said.

She and Stapp said homeowners need to remember there are costs with the refinanced mortgage, such as title, escrow and record fees, just like when you first bought your home. time.

Understand that the credit score that mortgage companies use as part of the loan application process will likely be different from what you see online on sites like Credit Karma. Scores used in the mortgage application have a different way of calculating scores, Knight-Keane said.

“It’s just a very frustrating part of this whole thing,” she said. “Sometimes there is no rhyme or reason to what is happening.”

Online mortgage refinance cost estimators are a great place to start for people who like to tinker and do things for themselves, Stapp said.

“Then it’s time to reach out to someone and ask all your questions and get some more accurate numbers,” she said.

Anyone interested in refinancing should talk to friends and family members to get referrals to professionals who can help them through the process, Knight-Keane advised.

“It’s very important to talk to an experienced loan officer to make the best decision for your specific situation,” she said.

Work with someone you can have candid conversations with about your finances, she said.

“Don’t be afraid to ask questions,” Knight-Keane said. “It’s one of the most important things you can do financially. It’s better to ask than to be surprised and say “Oh wait a minute”. I did not know.'”

Sharon Salyer: 425-339-3486 or salyer@heraldnet.com.


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‘Only in America’: Warnock went from poverty to US senator https://ipdaonline.org/only-in-america-warnock-went-from-poverty-to-us-senator/ Tue, 23 Mar 2021 05:31:04 +0000 https://ipdaonline.org/only-in-america-warnock-went-from-poverty-to-us-senator/ SAVANNAH, Ga. (AP) — Reverend Raphael Warnock’s roots showed little promise of a future that led to the U.S. Senate. He grew up in Savannah in the Kayton Homes public housing project, the second youngest of 12 children. As a teenager, her mother had worked as a sharecropper picking cotton and tobacco. His father was […]]]>

SAVANNAH, Ga. (AP) — Reverend Raphael Warnock’s roots showed little promise of a future that led to the U.S. Senate.

He grew up in Savannah in the Kayton Homes public housing project, the second youngest of 12 children. As a teenager, her mother had worked as a sharecropper picking cotton and tobacco. His father was a preacher who also earned money by hauling old cars to a local junkyard.

“My dad used to wake me up every morning at dawn,” Warnock told a hometown crowd at a drive-in rally two days before his election on Tuesday. “He said, ‘Boy, you can’t sleep late at my house. Get up, get dressed, put your shoes on. Be ready.'”

Driven by his parents to work hard, Warnock left Savannah and became the first member of his family to graduate from college, aided by Pell grants and low-interest student loans. He obtained a doctorate. in theology that led to a career in the pulpit, eventually as chief pastor of the Atlanta church where the Reverend Martin Luther King Jr. preached.

Now Warnock, 51, will go to Washington as the first black senator elected official from Georgia, a southern state still grappling with its painful history of slavery, segregation and racial injustice.

“Only in America is my story even possible,” Warnock told the cheering drive-in crowd on Sunday.

Warnock beat Republican Senator Kelly Loeffler, a wealthy businesswoman who has spent more than $20 million of her own money trying to retain the Senate seat to which the Republican governor of Georgia nominated her a year ago. year.

His election followed a year marked not only by a pandemic that has disproportionately killed African Americans and left many jobless and struggling to pay rent, but also marked by the volatile outcry over the killings of black people. Americans, including George Floyd in Minneapolis, and Ahmaud Arbery and Rayshard Brooks in Georgia.

Warnock is not the first black candidate to win statewide office in Georgia, where voters elected black men to serve as attorney general, state labor commissioner and judge of the Court supreme in the state in the 1990s. But the Senate seat is by far the most prestigious office won by an African American in the state.

“A barrier has been broken, a wall has literally been smashed and shattered,” said Michael Thurmond, the CEO-elect of DeKalb County in Metro Atlanta. “Historically, no matter what your skill level, you were mostly color-barred. It was a white male-only office.

A black Democrat, Thurmond previously served as Georgia’s labor commissioner and ran his own campaign for the U.S. Senate in 2010. He attributed Warnock’s victory largely to Georgian voters defying stereotypes and expectations.

“African American Voters did something a lot of political pundits didn’t think they would do, which is come back for a runoff,” said Thurmond, who also noted that many white people supported Warnock — even though Republicans were spending huge sums to paint it as too radical for the traditional conservative state. “The fact that white people weren’t afraid to vote for this black man was pretty incredible.”

Michaelle Viosa moved to Atlanta last year from New York and said she couldn’t find a job amid the economic fallout from the pandemic. Upon learning of Warnock’s victory when she woke up on Wednesday, Viosa, a black woman of Haitian descent, cheered her victory — but also wondered what he would do when he got to Washington.

“I believe God willed it,” Viosa said. “I hope he uses his powers for the good of our community. There has been so much oppression on our people.

Warnock presented his campaign for the Senate as an extension of his years of progressive activism as the leader of Atlanta’s famed Ebenezer Baptist Church. He won the election on a platform that called for bail reform and an end to mass incarceration; living wages and skills training for a green economy; expanded access to voting and health care, and the cancellation of student loans.

It was a decidedly liberal program that exemplifies political change in Georgia. The last Democratic state senator, Zell Miller, became so conservative that he gave a rousing speech at the 2004 Republican National Convention endorsing the re-election of President George W. Bush.

It remains to be seen whether another Georgia Democrat, Jon Ossoff, will join Warnock in the Senate. Both state Senate seats were in the second round Tuesday. But it remained too early on Wednesday to call the race between Ossoff and Republican David Perdue.

Warnock insists he will work to unite Georgia after a bitterly divisive campaign and President Donald Trump’s polarizing four years in office. He said his top priorities would be to push to increase coronavirus relief payments to $2,000 and improve distribution of the COVID-19 vaccine.

“What Georgia did last night is its own message,” Warnock told CNN on Wednesday, “in the midst of a time when so many people are trying to divide our country at a time when we can least afford to. be divided”.

Loeffler and the Republicans targeted Warnock using video clips of some of his sermons as ammunition for a barrage of negative publicity. One featured Warnock defending President Barack Obama’s former pastor, Jeremiah Wright, after Wright denounced the nation’s mistreatment of black people with the exclamation “God damn America.”

Other black ministers called Loeffler’s criticism unfair, saying Republicans used brief snippets of sermons without context and showed no understanding of how black preachers often spoke out against racial injustice in terms that may be awkward for foreigners.

Warnock was arrested at the Georgia State Capitol in 2014 while protesting the state Republicans’ refusal to expand Medicaid. In 2017, as he and other pastors demonstrated against efforts to repeal Obama’s health care law, he was arrested again at the US Capitol in Washington.

Warnock recalled Washington’s arrest during his Sunday speech in Savannah, as he considered his next trip to Capitol Hill.

“I’m going to meet those Capitol cops again,” he said. “This time they won’t take me to the central reservations office. They can help me find my new office.

___

Associated Press reporters Haleluya Hadero and Sudhin Thanawala in Atlanta contributed to this report.

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Fotowatio secures financing for a 90 MW solar power plant in southeast Australia, where the power grid is struggling – pv magazine International https://ipdaonline.org/fotowatio-secures-financing-for-a-90-mw-solar-power-plant-in-southeast-australia-where-the-power-grid-is-struggling-pv-magazine-international/ Tue, 23 Mar 2021 05:31:03 +0000 https://ipdaonline.org/fotowatio-secures-financing-for-a-90-mw-solar-power-plant-in-southeast-australia-where-the-power-grid-is-struggling-pv-magazine-international/ Sustainable intentions come together in the signing of a green loan to finance the ongoing development of FRV’s Sebastopol solar farm, which lender ING says contributes to its “ambition to align our loan portfolio with the objectives of the Paris Agreement”. October 12, 2020 Nathalie Filatoff From american magazine. Spanish renewable energy developer Fotowatio Renewable […]]]>

Sustainable intentions come together in the signing of a green loan to finance the ongoing development of FRV’s Sebastopol solar farm, which lender ING says contributes to its “ambition to align our loan portfolio with the objectives of the Paris Agreement”.

From american magazine.

Spanish renewable energy developer Fotowatio Renewable Ventures (FRV) announced today that it has secured financing for its 90 MWac Sevastopol solar farm, located in south-west New South Wales, in the form of a green loan from ING, a Europe-based global bank, which describes its sustainability policy as “facilitating and financing the transition from society towards a low-carbon future and pioneering innovative forms of financing to support a better world.

Third loan agreement signed between the parties, the signing of Sébastopol comes in the wake of ING’s financing for the 85 MWac Winton Solar Farm currently in development in Victoria; and the 69.75 MWac Goonumbla Solar Farm in New South Wales, which was completed in August this year.

FRV Australia’s managing director, Carlo Frigerio, said the company was very pleased to “receive funding for the project from ING in the form of a green loan, confirming FRV’s commitment to supporting sustainable economic activity. environmental impact in the regions where we operate”.

Designated green loans can be issued in accordance with strict principles governing the nature of the project, which means that green projects must provide clear environmental benefits; management of loan funds; and clear reports on the use of funds.

Seven projects around the sun

FRV currently has seven solar projects, some operational (Moree, Clare, Royalla and Goonumbla) and others in development (Bluewater, Lilyvale, Winton), in the National Electricity Market (NEM), representing a cumulative investment since 2012 around US$700. million, or more than 968 million Australian dollars.

FRV acquired the Sebastopol project from German developer and EPC contractor ib vogt in March 2020 and that month signed a power purchase agreement (PPA) for the project’s generation with Snowy Hydro.

Its Goonumbla solar farm also secured a PPA with Snowy Hydro in 2018, as part of the electricity producer and retailer’s Snowy Hydro renewable energy supply scheme.

The Sebastopol solar farm is located 440km southwest of Sydney, just south of the former gold rush town of Temora, and will connect to the NEM via an existing 132kV power line that runs from Temora to Lake Cowal.

This part of the Riverina region has been popular with renewable energy developers due to the connections initially thought to be available along this line. It is also part of the South West Renewable Energy Zone, the third in the Australian energy market identified by the operator profitable regions that renewable energy development and transmission be considered as part of NSW’s long-term transmission infrastructure strategy.

Grid lock handles

However, the large number of projects built and proposed for South West NSW – including the 170 MW Finley Solar Farm, 333MW Darlington Point Solar Park, 349MW Limondale Solar Farm, 150MW Coleambaly Solar Farm, and 255MW Sunraysia solar farm – have caused serious network delays and punish Marginal Loss Factors.

The signing of this third funding agreement with LNG demonstrates the confidence between parties aligned with sustainability goals that renewable energy projects in Australia, even in currently limited grid areas, are investable.

Strengthen regional roles and skills

As Sebastopol Solar Farm continues to develop, it is expected to create some 150 jobs in the region during construction and another two to three positions for operational staff – as well as locally awarded site maintenance contracts – when the project is operational.

FRV is owned by Abdul Latif Jameel Energy, whose VP and VP Fady Jameel said of Sevastopol’s green loan deal: “We are grateful for our partnership with ING in securing a green loan revolutionary for the Sevastopol solar park. Together, we encourage the development of responsible and sustainable infrastructure in the renewable energy sector in Australia.

The deal bodes well for FRV’s next taxi out of the large-scale solar tier: the 100MWac Chaff Mill solar farm, 130km north of Adelaide near the town of Mintaro, which is currently negotiating approvals of candidacy.

This content is copyrighted and may not be reused. If you wish to cooperate with us and wish to reuse some of our content, please contact: editors@pv-magazine.com.

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Pentagon confirms 3 videos showing ‘unidentified aerial phenomena’ https://ipdaonline.org/pentagon-confirms-3-videos-showing-unidentified-aerial-phenomena/ Tue, 23 Mar 2021 05:31:02 +0000 https://ipdaonline.org/pentagon-confirms-3-videos-showing-unidentified-aerial-phenomena/ Washington – The Pentagon officially released on Monday three unrated videos taken by Navy pilots who aired for years showing interactions with “unidentified aerial phenomena”. One of the videos shows a 2004 incident, and the other two were recorded in January 2015, according to Defense Department spokeswoman Sue Gough. The videos became public after unauthorized […]]]>

Washington – The Pentagon officially released on Monday three unrated videos taken by Navy pilots who aired for years showing interactions with “unidentified aerial phenomena”.

One of the videos shows a 2004 incident, and the other two were recorded in January 2015, according to Defense Department spokeswoman Sue Gough. The videos became public after unauthorized leaks in 2007 and 2017, and the Navy previously checked their authenticity.

“After careful review, the department has determined that the authorized release of these unclassified videos does not reveal any sensitive capabilities or systems, and does not impinge on any subsequent investigation of military incursions into airspace by Unidentified Aerial Phenomena. “, said Gough.

The 2004 incident happened about 100 miles out in the Pacific, according to The New York Times, who first reported on the video in 2017. Two fighter pilots on a routine training mission were sent to investigate unidentified aircraft that a Navy cruiser had been tracking for weeks.

Navy pilots found an oblong object about 40 feet long hovering about 50 feet above the water, and it began a rapid ascent as the pilots approached before quickly flying away . “It accelerated like I’ve never seen before,” one of the pilots told The Times.

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An unidentified object seen in footage captured by the Navy in 2004.

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The pilots left the area to meet at a rendezvous point about 60 miles away. While still about 40 miles away, the ship radioed and said the object was at the rendezvous point, having covered the distance “in less than a minute,” the pilot told the Times.

The other two incident videos in 2015 include footage of objects moving rapidly through the air. In one, an object is seen running across the sky and begins to spin through the air.

Images released by the Department of Defense show a rotating object in the air in January 2015.

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“Dude, that’s a fucking drone bro,” a pilot exclaims in the video. Another person says “there’s a whole fleet of them”.

“They’re all going against the wind. The wind’s 120 knots west. Look at that thing, man!” says the first person. “It turns !”

In the other video from 2015, an object is shown from above speeding over the ocean, prompting the pilot to enthusiastically remark, “What the fuck?”

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Images released by the Department of Defense show an object speeding over the ocean in January 2015.

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Five Navy pilots who spotted the objects in 2015 told the Times in 2017 that they had a series of interactions with unidentified aircraft during training missions in 2014 and 2015 along the East Coast from Virginia to Florida. The episodes prompted the Navy to clarify how pilots should report experiences with “unidentified aerial phenomena,” which had been studied under a Pentagon program from 2007 to 2012.

Gough, the Pentagon spokeswoman, said the department is officially releasing the videos to answer questions about their veracity.

“The DOD is releasing the videos in order to dispel any public misconceptions about whether or not the images that circulated were real, or whether or not there is more to the videos,” Gough said. “Aerial phenomena seen in the videos remain labeled as ‘unidentified’.”

David Martin contributed reporting.

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Conflict of Law Clauses | Whitman Legal Solutions, LLC https://ipdaonline.org/conflict-of-law-clauses-whitman-legal-solutions-llc/ Tue, 23 Mar 2021 05:31:02 +0000 https://ipdaonline.org/conflict-of-law-clauses-whitman-legal-solutions-llc/ Once, a music classmate asked me for help with his music theory homework. He said he couldn’t figure out what key a piano composition was in. I watched the music, starting with the key[1] and the signing key[2] to restrict key options. Immediately I saw his challenge; unlike almost all other piano pieces where the […]]]>

Once, a music classmate asked me for help with his music theory homework. He said he couldn’t figure out what key a piano composition was in. I watched the music, starting with the key[1] and the signing key[2] to restrict key options. Immediately I saw his challenge; unlike almost all other piano pieces where the lower staff is in bass clef, both staves were in treble clef.[3] My classmate, he had glossed over the key signs, thinking they were ‘boilerplate’.

Like my music theory classmate, when reviewing real estate contracts, many people gloss over various “boilerplate” sections. People believe that the ‘boilerplate’ is ‘standard’ and think there’s no need to read them, let alone negotiate them. In reality, the “boilerplate” sections are important, and the contracting party can be burned by not carefully reviewing and negotiating them.

This is one of a series of blog posts discussing typical boilerplate terms and their impact on real estate contracts.

Choice of law clauses

Choice of law clauses generally read as follows:

The parties agree that this Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflict of law rules, as Buyer’s head office is in the State of New York.

This contract term seems simple – the parties agree that anyone interpreting the contract must apply New York law. New York is a populous state with a large number of business interpreting business law, so many mortgage lenders in particular like New York law to apply to their loan documents. In certain circumstances, it may be appropriate for the buyer’s registered office to govern the applicable law.

However, as simple as the wording of the contract may seem, before accepting state law, parties to a real estate contract should consider the following:

  1. What law would apply if I did not accept this choice of law? This will usually be where the property is located or where the contract was signed.

  2. What law would apply if I did not accept this choice of law? It will generally be one or the other where the use of real estate? State laws may vary in important areas such as how long a statute of limitations lasts or whether indemnification clauses are enforceable. Contracting parties should understand both the legal protections they are giving up and what they are gaining in the choice of law clause.

  3. Is the choice of law clause enforceable? Some courts will not apply the law of a state that has no connection with the contracting parties or the contract. This is why the clause mentions that the link between New York and one of the parties in that its head office is located there. For some States, this connection may be sufficient to show a connection between the State and the contract. In other states, more may be required.

What are the conflict of laws rules?

The second part of the model contract clause, which speaks of “conflict of law rules[4]”, may not seem important, but it can make a difference as to which law is applied. Each state has what are called “conflict of law rules,” or rules that decide which law applies if the contract is silent. These “conflicts of law rules” are what a lawyer or judge would use to decide which law would apply in answering question 1 above.

Suppose our real estate contract is signed by a seller from Ohio and a buyer from Florida for real estate in Georgia does not have a choice of law clause. The parties would then be required to use complex rules in the three states that related to the contract, and they might find that the law differs depending on which state’s conflict of laws rules are applied.

Conflict of law determinations are based on a variety of factors, including the connection of the contract to a state (for example, where the contract was signed and where the contract is to be performed) and what societal interests different states have in the contract. Sometimes it is even possible that the law of one state applies to one legal matter and a different state law applies to another legal matter in dispute.

With our contract between Ohio seller and Florida buyer, assume that each party signs the contract in that party’s state of residence. Suppose the seller sued the buyer for breach of contract claiming that the buyer reneged on acquiring the property. The buyer replies that the contract is not valid because the specific formalities required for signing a contract under Florida law have not been completed. The court may choose to apply Florida law to the buyer’s defense of contract performance, but Georgia law (the location of the property) to the seller’s underlying claim for breach of contract. Meanwhile, both parties will pay their attorneys just to determine which state law governs – without even getting into the underlying dispute!

Parties are rarely well served by arguing choice of law issues rather than getting to the heart of the dispute. In addition, lack of clarity about the applicable legal rules can contribute to the likelihood of disputes when parties find themselves disagreeing about which rules apply to a particular circumstance. It is almost always best for the parties to agree upfront on which law will apply and put that wording into the contract.

How to Choose a State for Your Choice of Law Clause

As long as there is a choice of law clause, does it matter which state is listed? Frequently, yes. State laws differ, making certain laws more favorable to parties in particular circumstances.

However, state selection involves more than negotiating the most favorable law for one party or another. In our previous example, deciding that Nevada law would apply to the contract between a party from Ohio and Florida regarding the sale of real estate in Georgia might not be enforceable, as many courts will require a bond minimum with the State whose law is applied. .

Additionally, judges and attorneys will almost always be most familiar with the laws of the state in which they practice. If a lawsuit were filed in Georgia in our example, but the contract required the application of Ohio law, this would require the attorneys and the court to become aware of applicable Ohio law. The result would likely be increased legal costs and possibly a less informed outcome.

Another reason for choosing state law could be the clarity of state law. Some states, including Maryland where my office is located, do not have a large number of court cases interpreting state commercial law. Other states, for example New York, have a rich history of commercial law. Parties can choose a state where there is more applicable case law, which can increase the predictability of the outcome of a trial. Many commercial lenders want their loan documents to be subject to New York law for this reason.

Don’t ignore the Boilerplate!

A choice of law clause should not be overlooked as a “boilerplate”. Rather, the state law chosen will depend on the states involved, the type of contract, the relative objectives, and the bargaining power of the parties. Parties should work with their lawyers to ensure both that there is a choice of law clause and that they understand the implications of the law they ultimately choose.

[1] In Western music, we usually see one of three possible clefs, which are placed on a “staff” made up of five parallel horizontal lines. The three clefs are: a treble clef (which revolves around the G on the staff), a bass clef (which has two dots, one on each side of the F on the staff) and a C clef (which revolves around the do Piano music is usually written with the upper staff as a treble clef (called the treble clef because it represents higher notes) which should be played with the right hand and a bass clef (called the bass clef because it represents the lowest notes) on the lower staff, which must be played by the left hand.

[2] In traditional Western music, there are 30 possible musical tones. There are 15 possible key signatures, each of which can represent a “relative” major key or minor key. The 15 possible key signatures consist of all sharps (up to seven possible sharps) or all flats (up to seven possible flats), plus no sharps or flats. There are no key signatures that consist of both sharps and flats. C major, as many know, has no sharps or flats in the key signature. Its relative minor is a minor. Therefore, if I hadn’t seen any sharps or flats in the key signature, that would have told me that the key was probably in C major or C minor, thus reducing the possibilities from 30 to two.

[3] Sometimes composers use an alternate key for an instrument’s part when the instrument is played at the extremes of its range. The intent is to allow music to be written largely in all five staves, rather than adding extra lines called “ledger lines”. In this case, the piano had to perform this whole part of the composition high up on the keyboard, so the composer chose to write the left and right hand parts to be played in treble clef.

[4] Many lawyers will use the terms choice of law and conflict of laws interchangeably, and they have very similar meanings. For the purposes of this blog post, I will refer to the contractual provision in which the parties choose a state law as the “choice of law” and the more general rules of state law under which the law applicable is chosen as “conflict of law”. ” rules.

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