Accounts – Farris Law Firm Tue, 21 Sep 2021 10:44:41 +0000 en-US hourly 1 Accounts – Farris Law Firm 32 32 Rory Stewart: Our next mayor of London should be a crisis manager Wed, 07 Apr 2021 23:17:26 +0000

oronavirus has hit London harder than anything since the Blitz. A little over a year ago, when I ran as a freelance mayor, our growth seemed unstoppable. Many of the issues were wealth issues: unaffordable property rather than unemployment, and especially inequality. Much of Britain believed the problem was that London had too much of it. Suddenly the problem is the opposite. London is in crisis, and the next mayor must first and foremost be a crisis manager.

It was the worst recession in 300 years and London was hit harder than almost any other part of Britain. Unemployment has risen faster in London and more people have been put on Covid leave than in most other parts of the UK. The number of people claiming benefits in the capital has tripled. House prices are now rising more slowly than any other region (half the rate in the Northwest).

Metro passengers on weekdays are only a third of what they were a year ago, and bus passengers, 15%. Transport for London is bankrupt. Many employers, after a year of working remotely, have concluded that they don’t need – and can’t afford – that much staff in London offices. This is not a temporary trend, it will be permanent. As the one million people flocking to London drop dramatically, rents plummet and every business serving them, from cafes to West End theaters, is facing a crisis. And because a large part of the mayor’s income in London came from fares and tariffs, the town hall is also bankrupt.

This combination of problems is dangerous. Financial pressures will prompt the next mayor to sell all of their remaining public land – from police stations to the thousands of acres owned by Transport for London – to lower affordable housing targets and allow high-rise commercial skyscrapers to fill the gap. black hole in the budget. But it will be catastrophic. First, because they would sell public assets to cover short-term operating costs. But more importantly, because the only way to maintain a diverse, mixed-income community in London is for the mayor to protect the existing public land and use it to build high quality, mid-size, city-owned housing. and rented. at really affordable rates.

London can no longer take success for granted. In the future, it will compete not only with New York and Paris, but also with the attraction of teleworking outside the cities. It means maintaining excellent schools, hospitals and businesses. But it also means making sure that we are creating the best public transport system, the cleanest air and the best environment of any major city in the world. Now is the time to expand loans to electrify the entire fleet of taxis and rental cars, and plant millions more trees in the city center. We need to preserve the best of our streets and architecture (and that means learning from the development of neighborhoods like Islington, rather than following the mania for stale glass office buildings that has made “the city” so soulless). We need to use the Thames much more for entertainment and transport, and to make the Green Belt the largest forest in England.

None of this will be easy. Affordable housing on public land in London can be financed – as there is a real asset and a real income stream – but the central government will need to allow the mayor to borrow the necessary money. It will take emergency grants to bail out Transport for London and activate Crossrail 2. Boris Johnson will have to remember what he knew when he was mayor – that London has both extreme poverty and is the central engine of our national economy. .

There is no need to compromise between North and London: we can and must build an excellent train line between Leeds and Manchester, as well as Crossrail 2. A government that is committed to the environment should want to do both . But it requires a central government willing to partner with its largest city and a mayor willing to do the same. And it’s difficult when party politics have never been so hysterical and polarized.

Above all, this crisis requires taking the role of Mayor seriously. Even today, the mayor’s budget is greater than the GDP of a hundred countries, and the mayor has more power than his New York counterpart over his key areas. But we need a crisis manager, not someone who thinks he is powerless and uses this role only to protest and chair.

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Financing of water companies | Letters to the Editor Wed, 07 Apr 2021 23:17:23 +0000

There is an additional twist to the water business. Unlike the sewage company, the service area of ​​the water company extends outside the city limits (north and south). The 361 customers outside the city limits include 54 non-residential customers, some of whom are significant water users (eg several large wineries, Meadowood Associates, Inglenook Village). It would be grossly unfair for city taxpayers to fund improvements to the water company through a blanket bond, leaving all out-of-city customers to fend for their fair share of the cost. loan repayment.

In the past, the city has funded capital improvements for businesses to a substantial extent through borrowings from a California Statewide Communities Development Authority. It is an important source of low-interest capital to help municipalities finance their projects. Of course, the lender must be satisfied that his loans are creditworthy, which requires sufficient rates in place to meet all the covenants of the obligations.

Mayor of Sainte-Hélène, 2014-18


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Laugh Aid: Time Live Stream, How To Watch Comedy Gives Back Online For COVID-19 Relief Wed, 07 Apr 2021 23:17:22 +0000

With social distancing and normal stay-at-home orders across the country due to the coronavirus pandemic, famous comedians are coming together – relatively speaking – for a good cause.

The comedians will take part in Comedy Gives Back Laugh Aid on Saturday, a special online presentation to boost the morale of the nation and raise money for a COVID-19 emergency relief fund.

A number of actors are scheduled to perform From Distant Places Comedians hired to perform include Whitney Cummings, Jim Gaffigan, Ken Jeong, Adam Sandler, Dave Attell, Joel Kim Booster, Bill Burr, Dane Cook, Anthony Jeselnik, Jessica Kirson, Bert Kreischer, Howie Mandel, Marc Maron, Big Jay Oakerson, Patton Oswalt, Tom Papa, Ray Romano, Jeff Ross, Iliza Shlesinger, The Sklar Brothers, Bob Saget, Amanda Seales, Dan Soder, David Spade, Taylor Tomlinson, Gina Yashere and more.

Laugh Aid is produced in partnership with Laughter Fair, Central comedy, Starburns Audio, All things Comedy, and Ear wolf.

Here’s what you need to know:

What: Laugh Aid is a live-action comedy starring comedians in their quarantine states.

When: Saturday, April 4, 6 p.m. (7 p.m. ET)

Direct: Laugh Lounge app, Tic, Twitter, Comedy Central YouTube Channel and Facebook.

Or: The audio version will be available through Spotify and SiriusXM after the live broadcast. Promoted by influencer Jay Shetty and his ICON network. The audio version will be available on Spotify.

Why: Comedy Gives Back’s COVID-19 Emergency Relief Fund supports comedians in times of need. Support is offered through financial aid grants.

How? ‘Or’ What: Donations can be made here.

Resources: Follow‘s live updates of the coronavirus in Alabama. Find all our coronavirus stories. Here is a continuous update vital information Publish. A free text messaging service so you can receive the most urgent coronavirus updates on your mobile phone. And ask questions. To register, subscribe Urgent Alabama Coronavirus Alerts. A new weekday newsletter is available. You can subscribe here. Also download the mobile app where you can receive on-the-go notifications.

Mark Heim is a sports reporter for The Alabama Media Group. Follow him on twitter @Mark_Heim.

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Sean Quinn jokingly said “I should kill you” if he revealed the Anglo position Wed, 07 Apr 2021 23:17:20 +0000

Businessman Seán Quinn jokingly told Tom Browne in 2007 that he “should kill” the then Anglo Irish Bank executive if he revealed to him the Quinn Group’s true stake in the bank , learned the High Court.

After months of rumors, Mr Browne said during a tour of properties in Russia and Ukraine in July 2007, that he had questioned Mr Quinn directly about his stake in Anglo.

“He laughed at me and said jokingly ‘Of course if I told you I should kill you'”.

English loans

Mr. Browne was continuing to testify in a lawsuit against him for the recovery of some 30 million euros in loans that Anglo had granted to him before he left the bank in September 2007. The action is brought. by special liquidators appointed to Anglo’s successor, the Irish Bank Resolution Corporation (IBRC), in which judgment is sought because of its default on these loans.

He counter-demanded saying the loans were void due to a fraudulent misrepresentation by Anglo’s silence about the Quinn Group’s involvement in the bank’s ownership. IBRC denies this and disputes his claim that he was unaware of Quinn’s post when he left Anglo in 2007.

Mr Browne said Mr Quinn’s joking remark got him acquainted with the Quinn holding company, based on its purchase of so-called contracts for difference (CfD). This allowed Quinn to ultimately build up a roughly 28 percent stake in Anglo without having to notify the stock market which requires more than three percent to be publicly disclosed.

Contracts for difference

Mr Browne said the CfDs were purchased through stock brokers, with the buyer having an interest but not the ownership. Therefore, if the stock price falls, the buyer of CfD must invest more money in it to maintain the value of CfD.

With the turmoil in the stock market in 2007 and 2008, Quinns had to get loans from Anglo to do this. Mr Browne said that while previously Quinns loans were secured on assets at a 70 percent loan-to-value (LTV) rate, at this point Anglo was providing 100 percent LTV for some $ 750 million. euros in loans in an attempt to stabilize Anglo’s shares, he said.

At the same time, Anglo turned to 10 high net worth clients to buy them € 10million of shares each, with Anglo loans, in an attempt to reduce Quinn’s stake.

Mr Browne said he was unfamiliar with the Quinn holding when he left the bank in September 2007, while renegotiating existing and additional loan facilities.

Alleged false statement

Following an alleged false statement by silence, the wrong committed by Anglo was that he had been loaned money in 2007 on assets (his holdings) which were worth considerably less than he believed. .

Mr Browne said a report prepared by Anglo’s new chief executive, Donal O’Connor, appointed following the resignation of since-jailed CEO David Drumm, was shown to him in 2010. He took note of it. , who said Drumm “informed of SQ (Sean Quinn) Holding CfD (28%) (average cost of € 14)” on September 11, 2007.

He said it showed when Quinn’s position was first known, while Mr Browne’s resignation was announced the week before, on September 4.

Until his last board meeting before his official departure in November 2007, Mr Browne said Quinn’s level of involvement in Anglo was still speculation and rumor.


The former Anglo Irish leader has secured a € 9million deal …

He disputed a claim by Michael O’Sullivan, who reported directly to Mr Browne as the loan officer, that at no point was a decision made to exclude him (Browne) from discussions about the position of Quinn CfD in November 2007.

Golden handshake

On cross-examination by Paul Gardiner SC, for the IBCR, Mr. Browne agreed that he left Anglo with “a ‘golden handshake’ of 3.7 million euros”, but has to First stated that then president Sean FitzPatrick had told him that “those days were over” and the negotiations he had been hostile.

When he returned from vacation in August 2007, when he told Mr. FitzPatrick that he was ultimately not going to be leaving, he was offered severance pay. He said he had had a difficult working relationship with David Drumm since 2006.

The case continues.

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Man accused of home invasion, vehicle theft flees police, crashes into utility pole Wed, 07 Apr 2021 23:17:18 +0000

DETROIT – Suspect charged with breaking and entering a Detroit home, asking for a woman’s guns and car keys, stealing her vehicle and then crashing into a utility pole while trying to escape the police, WDIV Local 4 Reports.

The suspect suffered minor injuries in the crash, according to a Michigan Metro Detroit State Police press release. The police deployed a Taser to arrest him.

Detroit Police responded to the home invasion, kidnapping and the stolen vehicle incident, then called the MSP for assistance at around 8:20 p.m. on Wednesday, January 13.

The stolen vehicle was located using its OnStar equipment, police said. Police caught up with the suspect in the 11 Mile and Dequindre Highways area in Warren. A state police officer attempted a traffic stop, but the suspect fled, starting a short chase, which ended when the suspect crashed into a utility pole in the 11 Mile area. and Parkview Boulevard.

Detroit Police have taken the suspect into custody after deploying a Taser, police said. The suspect sustained minor injuries. No officer or soldier was injured.

The incident is still under investigation by the Detroit Police Department.


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Has your loan been refused? Here’s what to do | Smart change: personal finance Wed, 07 Apr 2021 23:17:15 +0000

Long-term strategies to increase the chances of approval

If you don’t need the cash right away and want to reduce your chances of having a loan turned down in the distant future, consider these four strategies.

1. Build or improve credit

Although it may take some time, taking steps to build or improve your credit will help you meet the minimum credit score requirements of lenders. To do this, pay off your outstanding debts on time, keep your credit utilization rate below 30%, and remove any inaccurate information from your credit report.

2. Increase income

While increasing your income is easier said than done, it can help you qualify for more loans. Higher income can result in a lower DTI ratio, which means you’re more likely to meet lenders’ minimum DTI requirements. To increase your income, consider getting a lucrative side bustle or learn a skill that is sought after to increase your earning potential.

3. Pay off the debt

You can also improve your DTI if you pay off your debts. Two of the most popular debt repayment methods are snowball and avalanche of debt methods. With the debt snowball method, you pay off your smallest debt first, while making minimum monthly payments for the rest of your debt. The avalanche method is similar, but instead of paying your smallest debt first, you pay off your debt with the highest interest rate.

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US household debt exceeds pre-pandemic levels due to mortgages Wed, 07 Apr 2021 23:17:13 +0000

(Reuters) – U.S. household debt rose in the third quarter as mortgage balances increased as consumers took advantage of low interest rates to buy homes and refinance loans, according to a survey released Tuesday by the Reserve Federal District of New York.

FILE PHOTO: A house under construction stands behind a “sold” sign at a new development in York County, South Carolina, US February 29, 2020. REUTERS / Lucas Jackson / File Photo

Total household debt rose $ 87 billion to $ 14.35 trillion in the three months ending September 30, according to the New York Fed’s Quarterly Report on Household Debt and Credit. This offset a decline from the second quarter, when consumers paid off credit card debt and cut non-essential spending due to lockdowns caused by the coronavirus pandemic.

Total indebtedness has now exceeded levels seen in the first quarter of this year.

Households reduced their credit card balances for the third straight quarter, but the $ 10 billion drop in the third quarter was only a fraction of the $ 76 billion drop in the second quarter. In total, consumers lost $ 120 billion in credit card debt in the first three quarters of 2020, reducing their debt by 13% from the end of 2019.

(GRAPHIC: Credit card debt is going down -)

Mortgage balances increased $ 85 billion to $ 9.86 trillion, thanks to a combination of refinancing and home purchases. The $ 1.05 trillion amount in mortgage origination was the highest since a refinancing boom in the third quarter of 2003.

Home equity line of credit balances, which have been declining since the fourth quarter of 2016, fell $ 13 billion to $ 362 billion.

Consumers continued to benefit from government aid and forbearance programs offered on student loans, car loans and mortgages during the pandemic, the New York Fed found.

The number of student loans and mortgages that became delinquent continued to decline as people remain covered by forbearance. But auto loan default rates rose three and four months after forbearance took effect, as forbearance varied among lenders and was not legally required for these loans, the New Fed noted. York in a separate blog post posted on Tuesday.

Report by Jonnelle Marte; Editing by Paul Simao

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New Heaven’s Gate docuseries on HBO Max have Alabama tie-in Wed, 07 Apr 2021 23:17:11 +0000

Viewers likely won’t catch a glimpse of Denny Chimes – or any other landmark at the University of Alabama – in “Gate of heaven: the cult of cults” a new documentary series on HBO Max.

But the four-part series, which focuses on a UFO cult that ended in mass suicide, has something to do with the Tuscaloosa school. Marshall Applewhite, co-founder and cult leader, was a music teacher at AU in the early 1960s, about 12 years before founding Heaven’s Gate with co-believer, Bonnie Nettles.

Applewhite’s time in Alabama was a short chapter in his story – just two years, 1961-1962, according to a Huntsville lawyer who knew him then – but Applewhite has been described as a charismatic father figure to his union students. choir and a teacher who attracted many followers.

“He was like the recorder player,” attorney John Tarver said in a 1997 interview with the Huntsville Times. “He was pretty handsome, so he was followed by the girls and, I guess, some of the guys.”

Applewhite’s ability to inspire devotion in UA could have been tamed compared to his deadly attraction as a cult leader. But the personality traits he exhibited as the Guru of Heaven’s Gate were there in Tuscaloosa, it seems, in the making.

“(Applewhite) gave us the tools to brainwash ourselves,” a former Heaven’s Gate follower said in the docuseries trailer. “Literally wash our humanity out of our brains.”

All four episodes of “Heaven’s Gate: The Cult of Cults” began airing Thursday for HBO Max subscribers. For others, the first episode will be broadcast for free on HBO Max website starting on Friday.

We don’t yet know if Applewhite’s years at the University of Alabama, or his work as a music teacher, will be mentioned in the series. We do know, however, that he is the main figure in the narrative and that some biographical context will necessarily be covered.

Here is a synopsis of “Heaven’s Gate: The Cult of Cults” proposed by HBO Max:

“The docuseries are an in-depth examination of the infamous UFO cult through the eyes of its former members and those close to it. What began in 1975 with the disappearance of 20 people from a small town in Oregon, ended in 1997 with the largest suicide on American soil and forever changed the face of modern New Age religion. . This four-part docusery uses never-before-seen footage and first-person narratives to explore the infamous UFO cult that shocked the nation with its out-of-the-ordinary beliefs.

Applewhite and Nettles, known as “Do” and “Ti,” developed a belief system based partly on religion and partly on science fiction. As part of their apocalyptic philosophy, they preached that followers could transform into alien beings, hitchhike a UFO, and travel to another plane of existence.

The cult has its origins in Texas and grew in spurts over a couple of decades, from the mid-1970s to the mid-1990s. Heaven’s Gate was mobile, roaming the country and appearing in places such as the ‘Oregon and Colorado. In 1997, however, Applewhite was the sole leader – Nettles died in 1985 – and the cult had moved to a large house in Rancho Santa Fe, California.

This is where the mass suicide took place, as Applewhite and 38 followers ingested a lethal mixture of phenobarbital and vodka. They believed that they would abandon their “human containers” and that their souls would be transported via Comet Hale-Bopp, hovering through space to a better, brighter place.

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Millions of businesses receive SBA loans, many brace for COVID peak Wed, 07 Apr 2021 23:17:09 +0000

TUCSON, Ariz. (KOLD News 13) – Millions of small businesses have obtained economic relief thanks to the US Small Business Administration. SBA Administrator Jovita Caranza visited Tucson on Wednesday and explained what small businesses across the country are doing to overcome COVID-19.

“They have pivoted in these times of a pandemic,” Caranza said. “They revised their business plan, set up new production lines.”

The SBA’s economic aid has brought millions of businesses to life by providing Paycheck Protection Program loans totaling over $ 500 billion.

“These 5.2 million businesses are now in a position to submit their pardon requests, so they are now eager to go through this process,” she said.

As business owners wait for their loans to be canceled, Caranza said they are also waiting to see what happens next with the virus.

“Every business I have encountered is actually preparing for another peak in COVID,” she said. “They are very attentive to their next steps and their investments.”

PVB Fabrications President Peter Van Bogart said his heavy industry company survives the pandemic but has always witnessed the devastating effects the virus can have.

“We were able to get through it, but we felt the effect of the coronavirus along with a lot of our employees,” Van Bogart said. “It’s really painful to see how devastating this is in someone’s life.”

Van Bogart said PVB Fabrications had been in operation for 17 years.

“We have been able to stay afloat and thrive in a highly competitive market as it already is,” he said.

PVB Fabrications recognizes that he is one of the lucky ones.

“It’s very sad and my heart is aching, we are very empathetic,” Van Bogart said. “We pray for our country and pray for our friends and other businesses that were in trouble.”

Copyright 2020 KOLD News 13. All rights reserved.

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Applebee’s New Virtual Kitchen Sells Cheetos-Taste Wings Wed, 07 Apr 2021 23:17:07 +0000

Applebee’s will host yet another virtual kitchen.

On Wednesday, Dine Brands, owner of Applebee’s and IHOP, announced the launch of its new business, Cosmic Wings.

The virtual wing restaurant – which will work in over 1,300 Applebee kitchens – is available to order for delivery only to Uber eats from Wednesday, according to the announcement.


The wing chain menu includes conventional dishes such as traditional wings, boneless wings, fried waffles, onion rings, and chicken fillets.

Cosmic Wings will only ship from over 1,300 Applebee kitchens. (Business Wire / Dine brands)

Cosmic Wings specialties, however, are their Cheetos-inspired dishes, including traditional boneless wings cooked in Cheetos Original Wing Sauce or Cheetos Flamin ‘Hot Wing Sauce.


According to the ad, these wing sauces – which are made with Cheetos crumbles – are exclusive to Cosmic Wings.

“We are thrilled to partner with Cosmic Wings to delight our fans across the country with this new way to enjoy the signature Cheetos taste,” said Jessica Spaulding, senior director of marketing for Frito-Lay North America, in a statement. . “When you combine the flavors of beloved Cheetos with everyone’s favorite appetizers, you get the ultimate match. “


To celebrate its launch, Cosmic Wings is offering a $ 0 shipping charge on all orders of $ 15 or more for the remainder of the month, through February 28.


Cosmic Wings isn’t the first virtual restaurant to operate in Applebee’s kitchens. Last May, Dine Brands launched another virtual concept, Neighborhood Wings by Applebee’s, Forbes reported.

However, with the launch of Cosmic Wings, Neighborhood Wings is drawing to a close, the magazine reported.

Teleprinter Security Last Switch Switch %
VACARME DINE BRANDS GLOBAL, INC. 81.19 +0.25 + 0.31%
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