Philadelphia Bank Loans – OHCD Phila http://ohcdphila.org/ Fri, 17 Sep 2021 21:30:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ohcdphila.org/wp-content/uploads/2021/06/icon-5-150x150.png Philadelphia Bank Loans – OHCD Phila http://ohcdphila.org/ 32 32 The popular Bayville, New Jersey Bank is scheduled to close this year https://ohcdphila.org/the-popular-bayville-new-jersey-bank-is-scheduled-to-close-this-year/ https://ohcdphila.org/the-popular-bayville-new-jersey-bank-is-scheduled-to-close-this-year/#respond Fri, 17 Sep 2021 21:30:31 +0000 https://ohcdphila.org/the-popular-bayville-new-jersey-bank-is-scheduled-to-close-this-year/ We’re pretty attached to our banks, aren’t we? They help us move into our new home, build our business, and save for the future. Nowadays, banking has gotten pretty smart with game-changing smartphones. We are just a few clicks away from controlling our cash flow from anywhere. I think about it sometimes, did we ever […]]]>

We’re pretty attached to our banks, aren’t we? They help us move into our new home, build our business, and save for the future. Nowadays, banking has gotten pretty smart with game-changing smartphones. We are just a few clicks away from controlling our cash flow from anywhere. I think about it sometimes, did we ever think it was possible years ago? When you think about it, this is really something we would have seen on the Jetsons.

Listen to Shannon Holly Mornings on 94.3 The Point and download our free 94.3 The Point app.

As the internet continues to do its job, brick and mortar locations are less and less crowded. This is the case with a local bank that many of us use and love here on the Jersey Shore.

Photo credit: OceanFirst Bank Facebook

OceanFirst Bank has proudly served us here in New Jersey since 1902, to put that in perspective, that is, the same year Theodore Roosevelt became the first US President to get into an automobile. Don’t worry, OceanFirst is still helping families with all of their financial needs, but they will consolidate the branch located at 791 Route 9 into the OceanFirst Bank branch located at 900 Lacey Road. This change will occur on December 3 of this year at 2 p.m.

OceanFirst Bank will always be able to serve you at any of its branches in New Jersey, New York and Philadelphia. They also offer remote banking options such as:

Online banking and bill payment

Photo by Pickawood Unsplash

Mobile banking with mobile check deposit

Photo by Paul Hanaoka Unsplash

debit cards

Photo by Patrick Tomasso

ATMs

Video storytellers

Photo by Joyce Busola

I just wanted to let you know about the news so that when you shop you will be notified of the change!

Here are 25 ways to start saving money today

These tips for saving money, whether it’s finding discounts or just changing your day-to-day habits, can come in handy whether you have a specific savings goal or want to save money. money set aside for retirement or just want to withdraw a few cents. It’s never too late to be more financially savvy. Read on to find out more about how you can start saving right now. [From: 25 ways you could be saving money today]

KEEP READING: Discover The Richest Person In Each State

KEEP READING: Here Are The Best Places to Retire in America


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Sensex crosses 59,500, Nifty beyond 17,700 https://ohcdphila.org/sensex-crosses-59500-nifty-beyond-17700/ https://ohcdphila.org/sensex-crosses-59500-nifty-beyond-17700/#respond Fri, 17 Sep 2021 03:53:28 +0000 https://ohcdphila.org/sensex-crosses-59500-nifty-beyond-17700/ Indian stock markets opened at an all time high. At the opening bell, the Nifty was 99 points at 17,728.50 while the Sensex was 365.79 points at 59,506.95. Nifty Bank is approaching 38,000 on September 17th. ITC, SBI, Axis Bank, ICICI Bank were among the main winners while Tata Steel, Infosys and HCL Tech were […]]]>

Indian stock markets opened at an all time high. At the opening bell, the Nifty was 99 points at 17,728.50 while the Sensex was 365.79 points at 59,506.95. Nifty Bank is approaching 38,000 on September 17th.

ITC, SBI, Axis Bank, ICICI Bank were among the main winners while Tata Steel, Infosys and HCL Tech were the main losers in the opening session.

ITC rose 2.08% to Rs 235.55, SBI (+1.09%) to Rs 468.70, Axis Bank (+ 0.87%) to 809.50, ICICI Bank (+ 0.78% ) at Rs 732.65, Kotak Bank (+ 0.75%) at Rs 1,920, Bajaj Finance (+ 0.74%) at Rs 7,465.85.

Tata Steel was down (-) 0.44% to Rs 1,430.25, followed by Infosys (-) 0.41% to Rs 1,695.30 and HCL Tech (-) 0.25% to 1 259.50 Rs.

US equities close mixed

U.S. stock indexes ended a checkered day with the Nasdaq Composite managing to post a slight gain, as August retail sales showed an unexpected increase and a measure of activity in the District of Philadelphia Federal Reserve was stronger than expected. Data showed August retail sales rose 0.7%, defying expectations to a 0.7% decline. Excluding autos, sales jumped 1.8 percent, against expectations of a 0.2 percent increase.

The S&P 500 ended slightly lower on Thursday, wiping out losses late in the session after surprisingly strong retail sales data highlighted the strength of the US economic recovery.

The Dow Jones Industrial Average fell 62.22 points, or 0.18%, to 34,752.17, the S&P 500 fell 6.65 points, or 0.15%, to 4,474.05 and the Nasdaq Composite added 20.30 points, or 0.13%, to 15,181.83.

Meanwhile, the Philadelphia Fed’s activity index jumped to 30.7 in September from 19.4 a month earlier. At the same time, data showed that first claims for unemployment benefits increased more than expected in the week ending September 11 (+20,000 to 332,000 vs. 320,000 expected), although continued claims declined. .

US economy collapses in third quarter

The U.S. economic rebound was rocked in the third quarter, in part due to the spread of the Delta coronavirus variant, with economists in a Reuters poll also pushing their expectations back to November for when the Federal Reserve announces an imminent policy change.

The median growth forecast for the third quarter of September 13-16 Reuters poll was cut at a seasonally adjusted annualized rate of 4.4 percent from 7.0 percent just a month ago and well below second-quarter growth of 6.6 percent, with the range showing lows and lower peaks.

Markets dive into the world on Thursday

Markets plunged globally on Thursday as concerns about investment in China and a day of decline on Wall Street outweighed positive economic data in the United States.

International investors who have crammed into China in recent years are now bracing for one of its big downturns as the problems with over-indebted real estate giant China Evergrande come to a head. The developer’s woes have snowballed since May. The dwindling resources against 2,000 billion yuan ($ 305 billion) in liabilities wiped out nearly 80% of stock and bond prices, and an $ 80 million coupon payment is now looming next week.

Rs 30,600 cr approved for NARCTHE

On September 16, the Union Cabinet approved a government guarantee of up to Rs 30,600 crore for security receipts to be issued by the National Asset Reconstruction Company Ltd (NARCL). Guarantee receipts represent an undivided right or interest in a financial asset. Typically, asset rebuilding companies or a failed bank buy distressed assets by paying 15% in cash and the balance 85% in collateral receipts.

Mixed Asian stocks

Asia-Pacific stocks were mixed in Friday morning trading as investors reacted to mixed US economic data released overnight.

The Nikkei 225 in Japan climbed 0.38% as the Topix index traded slightly higher. South Korean Kospi lost 0.22%.

Stable oil prices

Oil prices stabilized on Thursday after hitting a multi-week high a day earlier as the threat from Hurricane Nicholas to US Gulf crude production faded.

Brent crude ended the session up 21 cents, or 0.3%, at $ 75.67 a barrel. US West Texas Intermediate (WTI) ended the session unchanged at $ 72.61 per barrel.

Fuel prices unchanged

On Friday, September 17, the price of gasoline and diesel remained unchanged at Rs 101.19 and Rs 88.62 per liter in Delhi, according to Indian Oil Corporation, the country’s largest fuel retailer.

Across the country, gasoline and diesel prices remained static, but their retail prices varied depending on the level of local taxes in a particular state.

In Mumbai, the price of gasoline was stable at Rs 107.26 per liter on Friday while the rate of diesel also remained unchanged at Rs 96.19 per liter.

In Chennai, gasoline is priced at Rs 98.96 per liter and in Kolkata Rs 101.62 per liter. Diesel is also priced at Rs 93.26 and Rs 91.71 per liter in the two cities respectively.

Fuel prices have hovered at record highs due to 41 increases in its retail prices since April of this year.

Rs 30,600 cr approved for NARCL

On September 16, the Union Cabinet approved a government guarantee of up to Rs 30,600 crore for security receipts to be issued by the National Asset Reconstruction Company Ltd (NARCL). Collateral receipts represent an undivided right or interest in a financial asset. Typically, asset rebuilding companies or a failed bank buy distressed assets by paying 15% in cash and the balance 85% in collateral receipts.

Addressing a press conference, Finance Minister Nirmala Sitharman said: “We are also setting up an Indian Debt Resolution Company Ltd to manage Non Performing Assets (NPAs). In this company, public sector banks (PSBs) and state-owned financial institutions will hold 49% of the capital. ”She added that private sector banks would also hold a stake.

Sebi envisions a separate category in the AIF

Market regulator Sebi plans to create a separate category in Alternative Investment Funds (AIFs) in which these entities can purchase distressed loans from banks and NBFCs. Highlighting the growing number of AIFs, Sebi chairman Ajay Tyagi said on Thursday that the last fiscal year saw 90 new AIFs registered with the regulator in different categories, bringing the total number to over 700.

“This would unlock the capital of banks and NBFCs and make it available for new loans. A new sub-category of AIF could be created for this purpose,” he added. Acknowledging the resumption of the launch of ESG programs by mutual funds in India in recent years, Tyagi said the regulator is currently engaging with the industry to disclose some broad ESG metrics regarding these programs.

Domestic passenger air traffic increases 33.8% DOM

Domestic passenger air traffic rose 33.8% month-on-month in August, the Directorate General of Civil Aviation (DGAC) announced on September 16. The total number of passengers in August was 67.01 lakh, compared to 50.07 lakh in July and 31.13 lakh in June. .

Passenger traffic in August 2021 also more than doubled compared to the same month last year, the aviation regulator said. In August of last year, the number of passengers carried by domestic airlines stood at 28.32 lakhs.

Six actions under F&O ban

Six actions – Escorts, Exide Industries, NALCO, SAIL, Sun TV Network and Zee Entertainment Network – are currently banned by F&O.

(To receive our electronic paper daily on WhatsApp, please click here. We allow sharing of the PDF document on WhatsApp and other social media platforms.)

Posted on: Friday September 17th, 2021 09:23 IST


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Delaware Ivy High Income Opportunities Fund appoints Adam H. Brown and John P. McCarthy as co-managers https://ohcdphila.org/delaware-ivy-high-income-opportunities-fund-appoints-adam-h-brown-and-john-p-mccarthy-as-co-managers-2/ https://ohcdphila.org/delaware-ivy-high-income-opportunities-fund-appoints-adam-h-brown-and-john-p-mccarthy-as-co-managers-2/#respond Tue, 14 Sep 2021 20:37:00 +0000 https://ohcdphila.org/delaware-ivy-high-income-opportunities-fund-appoints-adam-h-brown-and-john-p-mccarthy-as-co-managers-2/ OVERLAND PARK, Kan .– (COMMERCIAL THREAD) – Today, the Delaware Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”), a closed-end fund listed on the New York Stock Exchange and traded under the symbol “IVH”, announced that ‘Effective November 14, 2021, Adam H. Brown and John P. McCarthy will be appointed co-managers of the Fund. […]]]>

OVERLAND PARK, Kan .– (COMMERCIAL THREAD) – Today, the Delaware Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”), a closed-end fund listed on the New York Stock Exchange and traded under the symbol “IVH”, announced that ‘Effective November 14, 2021, Adam H. Brown and John P. McCarthy will be appointed co-managers of the Fund.

Adam H. Brown, CFA, Managing Director, is Senior Portfolio Manager for the Company’s High Yield Strategies at Macquarie Investment Management Fixed Income (MFI). He manages MFI’s bank loan portfolios and is co-portfolio manager for multi-sector high yield, fixed rate and core plus strategies. Brown joined Macquarie Investment Management in April 2011 as part of the company’s integration into Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was co-portfolio manager on secured loan bonds ( CLO) of the company and a senior research analyst supporting non-investment grade portfolios. Prior to that, Brown was with Wells predecessor Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and issuers. companies. He holds an MBA from the AB Freeman School of Business at Tulane University and a BA in Accounting from the University of Florida.

John P. McCarthy, CFA, Managing Director, is Senior Portfolio Manager for Fixed Income Fixed Income (MFI) strategies at Macquarie Investment Management, a role he assumed in July 2016. From December 2012 to June 2016, he was co-responsible for credit research for IMF. McCarthy joined Macquarie Investment Management in March 2007 as a senior research analyst, having worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader. , and from 2001 to 2002 as a municipal bond trader. Prior to joining the company, he was a senior high yield analyst / trader at Chartwell Investment Partners. McCarthy graduated from Babson College with a Bachelor of Business Administration and is a member of the CFA Society of Philadelphia.

The investment objective of the Fund is to seek to provide a total return through a combination of a high level of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of variable maturities and other fixed income instruments of primarily corporate issuers, including guaranteed loans. first and second rank. There can be no assurance that the Fund will achieve its investment objective.

The Fund is an undiversified closed-end investment company. The price of the Fund’s shares will fluctuate depending on market conditions and other factors. Closed-end funds frequently trade at a discount to their net asset value (NAV), which can increase an investor’s risk of loss. At the time of sale, shares may have a market price lower than the NAV and may be worth less than the initial investment when they are sold.

The Fund’s investments in lower quality securities (commonly referred to as “high yield securities” or “junk bonds”) may carry a greater risk of default of interest or principal than higher rated bonds. Loans (including loan assignments, participations in loans and other lending instruments) involve other risks, including the risk of insolvency of the lending bank or other intermediary. Loans may be unsecured or not fully secured, may be subject to resale restrictions, and sometimes rarely trade in the secondary market.

An investment in the Fund is not suitable for all investors and is not intended to constitute a complete investment program. The Fund is designed as a long term investment and not as a trading vehicle.

Past performance is no guarantee of future results and future distributions may be different. This distribution or future distributions may also be paid out of net realized gains on portfolio investments, unrealized gains or, in some cases, a return of capital (non-taxable distributions).

About Macquarie Investment Management

Macquarie Investment Management, a member of the Macquarie Group, is a global asset manager with offices in the United States, Europe, Asia and Australia. As active managers, we prioritize autonomy and responsibility at the team level in seeking meaningful opportunities for clients. In the United States, retail investors recognize our Delaware funds® by Macquarie as one of the oldest mutual fund families, with over 90 years of existence. Macquarie Investment Management draws on the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global provider of asset management, investment, banking, financial and advisory services.

Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment adviser. Macquarie Group means Macquarie Group Limited and its subsidiaries and affiliates worldwide. Investment policies, management fees, risks other than those mentioned above and other matters of interest to potential investors can be found in the prospectus of the closed fund used in its initial public offering. For more information, contact the Delaware Ivy Funds sales office at 1-877-693-3546.

With the exception of Macquarie Bank Limited (MBL), none of the entities mentioned in this document is an authorized deposit institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL, a subsidiary of Macquarie Group Limited and an affiliate of Macquarie Investment Management. MBL does not guarantee or provide any assurance regarding the obligations of these entities, unless otherwise stated.

© 2021 Macquarie Management Holdings, Inc.


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Berkshire Hills Bancorp Announces Hiring of Lucia “Lucy” Bellomia as Executive Vice President, Head of Retail Banking (Form 8-K) https://ohcdphila.org/berkshire-hills-bancorp-announces-hiring-of-lucia-lucy-bellomia-as-executive-vice-president-head-of-retail-banking-form-8-k/ https://ohcdphila.org/berkshire-hills-bancorp-announces-hiring-of-lucia-lucy-bellomia-as-executive-vice-president-head-of-retail-banking-form-8-k/#respond Mon, 13 Sep 2021 20:52:06 +0000 https://ohcdphila.org/berkshire-hills-bancorp-announces-hiring-of-lucia-lucy-bellomia-as-executive-vice-president-head-of-retail-banking-form-8-k/ Berkshire Hills Bancorp announces Lucia ‘Lucy’ Bellomia Hired as Executive Vice President, Head of Retail Banking BOSTON – September 13, 2021 – Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced that the bank has hired Lucia ‘Lucy’ Bellomia as executive vice president, responsible for banking detail. Ms. Bellomia has over […]]]>

Berkshire Hills Bancorp announces Lucia ‘Lucy’ Bellomia

Hired as Executive Vice President, Head of Retail Banking

BOSTON – September 13, 2021 – Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced that the bank has hired Lucia ‘Lucy’ Bellomia as executive vice president, responsible for banking detail. Ms. Bellomia has over 20 years of experience in the financial industry, most recently as Executive Vice President, Community Banking, Northeast Region, for Bank of America.

Lucia ‘Lucy’ Bellomia

“We are delighted to welcome Lucy to the Berkshire family as we work to further strengthen our retail franchise. He is an accomplished retail banking executive who emphasizes the customer and banker experience and has a solid track record of deepening relationships and profitable growth, ”said Nitin Mhatre. , CEO of Berkshire Bank. “Lucy’s values ​​and community focus, strong ethics, clear vision and positive energy make her the ideal candidate to lead our retail banking network and deposit franchise into the future through our BEST program. ”

Ms. Bellomia will oversee the retail branch network, branch training, MyBanker program, call center, branch operations, retail sales and service delivery. She will report directly to CEO Nitin Mhatre.

“I am proud to join the Berkshire Bank leadership team at this crucial time to help them achieve the goals of their BEST plan and improve the experience for our clients. Community banks play a central role in the ecosystem of our local economies, and I have long admired Berkshire Bank for its commitment to our neighborhoods and operating in a socially responsible manner, Ms. Bellomia said.

Prior to joining Berkshire Bank, Ms. Bellomia held positions with the Police and Fire Credit Union in Philadelphia, Santander Bank, PNC Bank and Sun National Bank. She started her career in banking at Pioneer Savings and Loans as a cashier.

Ms. Bellomia graduated from the University of Catania in Catania, Sicily, Italy. She is originally from Italy and is fluent in Italian. Ms. Bellomia is a past board member of the Association of Women Business Owners of New Jersey, a member of the New Jersey and Pennsylvania Bankers Association, and the Puerto Rican Association for Human Development. An active member of the community, she volunteers with several charities, including Cradle 2 Crayons, Habitat for Humanity and Ronald McDonald House.

ABOUT BERKSHIRE HILLS BANCORP

Berkshire Hills Bancorp is the parent company of Berkshire Bank, which is transforming what the bank means to its neighbors socially, humanly and digitally to strengthen the financial potential of individuals, families and businesses in its communities while pursuing its vision of being the socially responsible omnichannel community bank leader in the markets it serves. Berkshire Bank provides business and personal banking, mortgages, wealth management and investment services. Boston-based Berkshire has approximately $ 11.7 billion in assets and operates 107 branches in New England and New York, and is a member of the Bloomberg Gender-Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram and LinkedIn.

FORWARD-LOOKING STATEMENTS

This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these statements using the words “may”, “will”, “should”, “could”, “could”, “would plan”, “potential”, “estimate”, “project”, “believe,” ” intend, ” anticipate ‘,’ expect ‘,’ target ‘and similar phrases. Many factors could cause actual results to differ materially from the expectations described in forward-looking statements. For a discussion of these factors, please see Berkshire’s most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC website at www.sec .gov. Therefore, you should not place undue reliance on forward-looking statements, which reflect our expectations only as of the date of this document. Berkshire assumes no obligation to update any forward-looking statements.

###

CONTACTS

Investor Relations Contacts:

Kevin Conn, Senior Vice President, Investor Relations and Corporate Development
Email: KAConn@berkshirebank.com
Phone. : (617) 641-9206

David Gonci, Director of Capital Markets
Email: dgonci@berkshirebank.com
Phone. : (413) 281-1973

Media contact:

Gary Levante, Senior Vice President, Corporate Responsibility and Culture
Email: glevante@berkshirebank.com
Phone. : (413) 447-1737


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https://ohcdphila.org/berkshire-hills-bancorp-announces-hiring-of-lucia-lucy-bellomia-as-executive-vice-president-head-of-retail-banking-form-8-k/feed/ 0
5 Ways to Win in 2021 – NBC10 Philadelphia https://ohcdphila.org/5-ways-to-win-in-2021-nbc10-philadelphia/ https://ohcdphila.org/5-ways-to-win-in-2021-nbc10-philadelphia/#respond Fri, 10 Sep 2021 19:56:51 +0000 https://ohcdphila.org/5-ways-to-win-in-2021-nbc10-philadelphia/ This story originally appeared on LX.com Cryptocurrency is part of IT and finance, but don’t be intimidated. It’s easy to get started and you don’t have to be an expert. With a little smart investment and a little luck, you can make money online even in 2021. Do your research It is good to know […]]]>

This story originally appeared on LX.com

Cryptocurrency is part of IT and finance, but don’t be intimidated. It’s easy to get started and you don’t have to be an expert.

With a little smart investment and a little luck, you can make money online even in 2021.

Do your research

It is good to know what a blockchain is and how it works, but it is not a necessity. Think about what happens when you buy something online – do you know how an automated clearinghouse works? How well do you understand the system of banks and payment processors that make up traditional finance? Not having this knowledge won’t stop you from using dollars, nor will it stop you from using crypto.

With that said, what you need to know is that a cryptocurrency is built on a blockchain, a special type of digital network. There are different blockchains – like Ethereum, Cardano, and Stellar. They work the same way, but have different characteristics.

Bitcoin [BTC] is the most popular cryptocurrency. BTC transactions are processed and verified by people called minors. When miners process enough transactions using specialized computers, they are rewarded with BTC. Essentially, the act of verifying transactions is what creates more BTC. So, as long as the miners want more cryptocurrency, the blockchain will work.

Blockchains use special applications, called protocols, which put your crypto to work. So in traditional finance you might have a savings account, but in crypto you would use a savings protocol. The language of crypto is rooted in computing.

Get a crypto wallet

You will need a place to store your crypto – a wallet. You can choose a software wallet – as an application, or a hardware wallet – an offline device much like a USB stick.

  • Most software wallets can be recovered if you lose your phone
  • Most hardware wallets cannot be recovered if you lose them

Since software wallets are online, they are potential targets for hackers. Hardware wallets are offline and cannot be hacked, but they can be lost or stolen like a real wallet.

You can skip this step by downloading an exchange app like Coinbase, eToro, or Gemini and then connecting a debit card or bank account. This is the fastest way to start buying and trading crypto. Your assets will be stored in a wallet managed by the exchange, which adds some risk.

Think about it, if you are a hacker trying to steal millions, you better spend your time hacking large exchanges to gain access to thousands of wallets. Hacking a single software wallet is probably a waste of time. To learn more about crypto wallets, check out this resource from Benzinga.

Put your money to work

If you only want to trade cryptocurrencies, a wallet and exchange is all you need. But there are other ways to use crypto to make money.

Decentralized financing [DeFi] is a peer-to-peer funding tool system that offers options such as interest accounts, loans, and advanced transactions for people with cryptocurrencies. DeFi disrupts traditional finance by cutting out intermediaries [bankers, lawyers, brokers] financial processes. Defenders of DeFi say it makes finance faster, more affordable, more transparent, more democratic, and eliminates discrimination in person.

Getting into DeFi requires more research. You can learn more about the different DeFi protocols on the web by starting with The DeFi List. There the protocols are sorted by function, making it easy to understand what they are doing. Protocol developers share their mission statement by distributing a white paper. Here is the white paper for Compound, a popular protocol, as an example.

To use DeFi protocols you will need decentralized web access [dWeb]. To learn more about DeFi protocols, their history, and how they work, see Finematics on YouTube.

Finally, here are some scenarios to help understand dollars and crypto.

  • Holding crypto in a software wallet is like carrying money in your real world wallet. It is at your disposal and waiting to be spent.
  • Putting crypto in a savings protocol is like putting money in a savings account. The savings protocol pays you interest for using their service, in the same way that banks pay interest for some savings accounts.
  • Depositing crypto in a safe and borrowing from yourself is like putting money in a retirement account and borrowing one.
  • Trading tokens on a crypto exchange is like trading stocks on a stock exchange. Tokens represent blockchains and protocols like stocks represent companies.

There are a lot of experts on YouTube and Reddit. To help you get started, here are some free online resources ranging from basic to meta.


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End of federal unemployment benefits. Here are the pandemic assistance programs that can still help. https://ohcdphila.org/end-of-federal-unemployment-benefits-here-are-the-pandemic-assistance-programs-that-can-still-help/ https://ohcdphila.org/end-of-federal-unemployment-benefits-here-are-the-pandemic-assistance-programs-that-can-still-help/#respond Tue, 07 Sep 2021 18:22:04 +0000 https://ohcdphila.org/end-of-federal-unemployment-benefits-here-are-the-pandemic-assistance-programs-that-can-still-help/ Starting this week, millions of unemployed people in Philadelphia and across the country will see less money deposited into their bank accounts – if they receive anything. The enhanced federal unemployment insurance put in place during the pandemic and extended by the most recent COVID-19 relief bill expired over the weekend. As a result, around […]]]>

Starting this week, millions of unemployed people in Philadelphia and across the country will see less money deposited into their bank accounts – if they receive anything.

The enhanced federal unemployment insurance put in place during the pandemic and extended by the most recent COVID-19 relief bill expired over the weekend. As a result, around 7.5 million people across the country will lose all of their unemployment benefits and nearly 500,000 Pennsylvanians will be affected, according to estimates from the Century Foundation, a progressive public policy think tank.

The three federal unemployment programs that expired over the weekend are:

  • Unemployment assistance in the event of a pandemic: Up to 79 weeks of unemployment benefits have been paid to freelancers and concert workers who are not normally eligible for traditional unemployment.

  • Emergency unemployment benefit in the event of a pandemic: Up to 53 weeks of additional unemployment benefits.

  • Federal unemployment benefit in the event of a pandemic: Provided an additional $ 300 per week for unemployment benefits.

Without federal assistance, Pennsylvania pays up to $ 580 per week for those unemployed for up to 26 weeks. The Commonwealth’s unemployment rate in July was 6.6%, down from 13% caused by the pandemic in July 2020 but above the national unemployment rate of 5.4%.

Several state and federal programs will continue to provide assistance, but most have specific requirements. Pennsylvania officials have compiled a list of resources for residents facing unemployment due to the COVID-19 pandemic.

The enhanced child tax credit, which began in July, will continue to provide parents of eligible children with up to $ 300 per month per child until December. According to the Treasury Department, $ 15 billion in advance tax payments, affecting 61 million children and their families, were sent in August.

A $ 3.5 trillion budget plan released by Democrats last month would extend credit beyond this year, and they plan to run it through reconciliation – a legislative process that does not require the support of Republicans if every Democrat in the Senate supports the bill.

Last month, the moratorium on payment and interest on federal student loans was extended to January 31, a welcome help for about 42 million people in debt. More information can be found here.

The White House has said this will be the final extension of the moratorium, so borrowers unable to resume payments in February should contact their loan providers.

Benefits through the Supplemental Nutrition Assistance Program, or SNAP, will increase slightly in October, to $ 157 per month per person – the largest benefit increase in the program’s history.

To receive benefits, you must apply in the state where you live and meet certain eligibility criteria, including income level.

Temporary Assistance to Needy Families, known as TANF, is a benefit program aimed at providing cash assistance so that low-income families become independent.

The program provides money to help:

  • Dependent children and their parents who live with them

  • Dependent children and other family members who live with and care for them

There are eligibility conditions, including income limits and job search conditions. Here is more specific information and how to apply for residents of Pennsylvania and residents of New Jersey.

In Pennsylvania, help from the Special Supplemental Nutrition Program for Women, Infants, and Children – known as WIC – is available to those who qualify. Eligible individuals can apply at a local WIC agency or call 1-800-942-9467, and include:

  • People who are pregnant or have had a baby in the past six or 12 months if they are breastfeeding

  • Infants and children under 5

  • Fathers, grandparents and foster parents who are legal guardians of a child under 5 years old

The New Jersey WIC is a public health preventive nutrition program that provides nutrition and breastfeeding education, nutritious foods, and better access to regular health care and social services for pregnant, post-pregnancy low- and moderate-income partum and breastfeeding mothers and young children with or at risk of developing nutrition-related health problems. Find out here if you are eligible. Apply at your local WIC agency or clinic.

Despite the Supreme Court overturning an extension of the federal eviction ban, tenants are still protected in Philadelphia and New Jersey.

The Philadelphia eviction moratorium ended at the end of June, but landlords must continue to try mediation with tenants under the nationally recognized eviction diversion program, apply for rent assistance, and wait 45 days before requesting the eviction of tenants for non-payment of rent. This mandate lasts until October 31.

Philadelphia residents in need can also request rental assistance by calling 311 or visiting the city’s rental assistance program website.

In New Jersey, a moratorium on evictions remains in effect until the end of the year for low and moderate income households. The moratorium on evictions in Pennsylvania ended last year.

In Philadelphia, the Utility Emergency Services Fund provides assistance to families facing service interruptions or who are cut off. There are also several programs ranging from rent assistance to financial and budgetary assistance.

More information can be found on the Public Services Emergency Services Fund website.

In Pennsylvania, eligible working families can receive help paying a portion of their child care costs through the subsidized Child Care Works program.

For more information on the program guidelines and how to apply, visit the Department of Social Services website.

Editor-in-Chief Michelle Bond contributed to this article.


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Rare historical documents signed by Alexander Hamilton will be auctioned off in Philly https://ohcdphila.org/rare-historical-documents-signed-by-alexander-hamilton-will-be-auctioned-off-in-philly/ https://ohcdphila.org/rare-historical-documents-signed-by-alexander-hamilton-will-be-auctioned-off-in-philly/#respond Fri, 20 Aug 2021 12:01:12 +0000 https://ohcdphila.org/rare-historical-documents-signed-by-alexander-hamilton-will-be-auctioned-off-in-philly/ American history buffs, and maybe even fans of the hit Broadway show “Hamilton”, might be interested in an auction taking place in Philadelphia this fall. “The Alexander Hamilton Collection”, a rare collection of documents signed by the Founding Father, will be available for purchase at Freeman’s Auctions in Philly in October. The collection was assembled […]]]>

American history buffs, and maybe even fans of the hit Broadway show “Hamilton”, might be interested in an auction taking place in Philadelphia this fall.

“The Alexander Hamilton Collection”, a rare collection of documents signed by the Founding Father, will be available for purchase at Freeman’s Auctions in Philly in October.

The collection was assembled by John E. Herzog, who founded the Museum of American Finance in New York.

Herzog’s background in finance led him to develop a deep interest in Hamilton, especially in documents from when the founding father was the country’s first treasury secretary and helped establish the country’s financial system. Hamilton was Secretary of the Treasury under President George Washington from 1789 to 1795.

Herzog collected financial and other documents related to Hamilton from the 18th century and the federalist era from 1789 to 1801, during which the founding father’s political party controlled most of the US government. The collection includes rare documents, autographed letters, checks and signs from the history of the United States.

The collection is highlighted by the first printing of the “Report of the Secretary of the Treasury … for the Support of the Public Credit of the United States” of 1789. Comprised of Hamilton’s economic policies for the newly formed nation, the report is viewed as the flagship document of American capitalism. The document is estimated between $ 30,000 and $ 50,000.

Other pieces in the collection focus on Hamilton’s personal life, including a rare first edition of “Reynolds Pamphlet” which is expected to fetch between $ 8,000 and $ 12,000. The libretto is Hamilton’s own recap of his affair with Maria Reynolds, where he admits the relationship but claims he was extorted by Reynolds and her husband, and insists he was not corrupt.

Two notable letters in the collection include one written in 1792 by Hamilton to John Hopkins, who at the time was Virginia’s loan commissioner, and another from 1794 in which Hamilton wrote to Thomas Willing, the first president of the First Bank. of the United States, about the United States repaying the debts of France as a result of the American Revolution.

The two letters are expected to cost between $ 8,000 and $ 12,000. An autographed check from Hamilton that was signed in 1795 is expected to sell for between $ 5,000 and $ 8,000.

Hamilton’s signed documents auction will be held at Freeman’s on October 25.

A rare copy of the signatories of the Declaration of Independence sold for $ 4.42 million at a Freeman auction earlier this summer. The document’s final price was more than five times its estimate of $ 500,000 to $ 800,000 before the auction.


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Objective to open 4 “sorting” centers for deliveries https://ohcdphila.org/objective-to-open-4-sorting-centers-for-deliveries/ https://ohcdphila.org/objective-to-open-4-sorting-centers-for-deliveries/#respond Fri, 20 Aug 2021 01:27:37 +0000 https://ohcdphila.org/objective-to-open-4-sorting-centers-for-deliveries/ Target will launch sorting centers to help speed up the speed of business, according to a company blog post. A sorting center is a site where teams can focus on sorting packages to be sent to customers from stores, the post said. A pilot opened in Minneapolis last year. There will be four new sorting […]]]>

Target will launch sorting centers to help speed up the speed of business, according to a company blog post.

A sorting center is a site where teams can focus on sorting packages to be sent to customers from stores, the post said. A pilot opened in Minneapolis last year.

There will be four new sorting centers that will debut this fall in Houston, Dallas, the Philadelphia area and Lawrenceville, Ga., The retail giant said in the post.

When an order is placed on Target’s website, store crews take care of picking up and packing everything, according to the post. Sorting centers have been set up to collect the packages as soon as the teams have finished sorting, at which point they are sent for delivery.

Eliminating Target’s backroom sorting process saves time and allows more orders to be placed, the post said.

The retail giant said in its article that it invests $ 4 billion annually in innovations for the company’s operations.

Meanwhile, Target posted strong growth in the second quarter with a glut of new traffic.

Read more: Target CEO Sees ‘Huge Resilience’ in Consumers Amid New COVID Concerns

CEO Brian Cornell said that even the rise of the COVID-19 delta variant has not held back the growth of the company, with customers appearing “optimistic.”

Target’s growth director Christina Hennington said the company is also predicting strong performance for back-to-school and back-to-school sales.

Target opened 19 new stores this year and is on track to open 12 more in the fall. Two new distribution centers were also opened.

“We’re so focused on investments that drive growth, and you can definitely see it in improving productivity,” said CFO Michael Fiddelke.

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NEW PYMNTS DATA: 58% OF MULTINATIONAL COMPANIES USE CRYPTO-CURRENCY

On: Despite price volatility and regulatory uncertainty, a new study from PYMNTS shows that 58% of multinational companies are already using at least one form of cryptocurrency, especially when transferring funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, probing 500 executives about the potential and pitfalls that crypto faces as it becomes part of the mainstream financial sector.


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Miami, Fl: Florida Recording Artist Diamond Blue Smith and Pennsylvania Man Charged https://ohcdphila.org/miami-fl-florida-recording-artist-diamond-blue-smith-and-pennsylvania-man-charged/ https://ohcdphila.org/miami-fl-florida-recording-artist-diamond-blue-smith-and-pennsylvania-man-charged/#respond Sun, 08 Aug 2021 12:03:40 +0000 https://ohcdphila.org/miami-fl-florida-recording-artist-diamond-blue-smith-and-pennsylvania-man-charged/ Miami, Fl: Recording Artist and Pennsylvania Man Charged in $ 24 Million Covid-Relief Fraud Scheme (STL.News) – A Florida recording artist and a Pennsylvania towing company owner have been charged for their alleged participation in a scheme to file fraudulent loan applications seeking more than $ 24 million in forgivable Paycheck Protection Program (PPP) loans […]]]>

Miami, Fl: Recording Artist and Pennsylvania Man Charged in $ 24 Million Covid-Relief Fraud Scheme

(STL.News) – A Florida recording artist and a Pennsylvania towing company owner have been charged for their alleged participation in a scheme to file fraudulent loan applications seeking more than $ 24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Diamond Blue Smith, 36, of Miramar, Florida, and Tonye C. Johnson, 28, of Flourtown, Pennsylvania, were charged in federal criminal complaints filed in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. Smith was arrested and appeared yesterday before US Magistrate Judge Regina D. Cannon of the Northern District of Georgia. Johnson was arrested on Oct. 1, 2020, and appeared on Oct. 2, 2020, before US Magistrate Judge Henry S. Perkin of the Eastern District of Pennsylvania. The complaints were unsealed today.

US Attorney Ariana Fajardo Orshan of the Southern District of Florida, Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division, Acting Special Agent in Charge Tyler R. Hatcher of the IRS-Criminal Investigation (CI) Miami Field Office, Special Agent in Charge George L. Piro of FBI’s Miami Field Office, and Special Agent in Charge Kevin A. Kupperbusch of the US SBA-Office of Inspector General (OIG), Investigations Division, Eastern Regional Office, made the announcement.

The criminal complaint against Smith alleges the following: Smith, a recording artist, obtained a PPP loan of $ 426,717 for his company, Throwbackjersey.com LLC, using falsified documents. Upon completion of that loan, Smith then sought and obtained another PPP loan of $ 708,065 for his other company, Blue Star Records LLC, using falsified documents. Smith purchased a Ferrari for $ 96,000 and made other luxury purchases using PPP loan proceeds. Authorities seized the Ferrari at the time of Smith’s arrest. He also withdrew $ 271,805 in loan proceeds. The complaint further alleges that Smith sought PPP loans on behalf of others in order to receive kickbacks for those confederates.

The criminal complaint against Johnson alleges the following: Johnson obtained a PPP loan of $ 389,627 for his own company, Synergy Towing & Transport LLC using falsified documents. Johnson paid a portion of the loan proceeds to co-conspirators in the scheme.

According to the complaints, Smith and Johnson conspired with others to obtain millions of dollars in fraudulent PPP loans. It is alleged that early in their scheme, Smith and Johnson’s co-conspirator, Phillip J. Augustin, obtained a fraudulent PPP loan for his talent management company using falsified documents. After submitting that application, Augustine then began to work with other co-conspirators on a scheme to submit numerous fraudulent PPP loan applications for confederate loan applicants, in order to receive kickbacks for obtaining the forgivable loans for them, say the court documents. The complaints allege that the scheme involved the preparation of at least 90 fraudulent applications, most of which were submitted. According to the complaints, Augustin, Smith, Johnson, and other conspirators in the scheme applied for PPP loans that are together worth more than $ 24 million. Many of those loan applications were approved and funded by financial institutions, paying out at least $ 17.4 million.

The following 11 defendants are accused in other unsealed complaints of being involved in this fraud scheme:

  • Joshua J. Bellamy, 31, of St. Petersburg, Florida, was charged in a federal criminal complaint filed on Sept. 9, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Tiara Walker, 37, of Miami Gardens, Florida, was charged in a federal criminal complaint filed on Sept. 3, 2020, in the Southern District of Florida, with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Damion O. Mckenzie, 38, of Miami Gardens, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Andre M. Clark, 46, of Miramar, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Keyaira Bostic, 31, of Pembroke Pines, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Phillip J. Augustin, 51, of Coral Springs, Florida, was charged in a federal criminal complaint filed on July 28, 2020, in the Northern District of Ohio with wire fraud, bank fraud, conspiracy to commit wire fraud and bank fraud, and obstruction;
  • Wyleia Nashon Williams, 44, of Ft. Lauderdale, Florida, was charged in a federal criminal complaint filed on July 28, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • James R. Stote, 54, of Hollywood, Florida, was charged in a federal criminal complaint filed on June 24, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Ross Charno, 46, of Ft. Lauderdale, Florida, was charged in a federal criminal complaint filed on June 24, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  • Deon D. Levy, 50, of Bedford, Ohio, was charged in a federal complaint filed on June 8, 2020, in the Northern District of Ohio with wire fraud and conspiracy to commit wire fraud; and
  • Abdul-Azeem Levy, 22, of Cleveland, Ohio was charged in a federal complaint filed on June 8, 2020, in the Northern District of Ohio with wire fraud and conspiracy to commit wire fraud

The CARES Act is a federal law enacted on March 29, 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic. One source of relief provided by the CARES Act was the authorization of up to $ 349 billion in forgivable loans to small businesses for job retention and certain other expenses, through the PPP. In April 2020, Congress authorized over $ 300 billion in additional PPP funding.

The PPP allows qualifying small businesses and other organizations to receive loans with a maturity of two years and an interest rate of one percent. PPP loan proceeds must be used by businesses on payroll costs, interest on mortgages, rent, and utilities. The PPP allows the interest and principal to be entirely forgiven if the business spends the loan proceeds on these expense items within a designated period of time after receiving the proceeds and uses a certain amount of the PPP loan proceeds on payroll expenses.

A federal criminal complaint is merely an accusation. A defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

The Smith and Johnson cases were investigated by the IRS-CI Miami and Cincinnati Field Offices, the FBI’s Miami and Cleveland Field Offices, and the SBA-OIG. Assistant US Attorneys Aimee Jimenez and David Snider for the Southern District of Florida and Trial Attorney Philip Trout of the Criminal Division’s Fraud Section are prosecuting the cases. The Justice Department also acknowledges and thanks the US Attorney’s Office for the Northern District of Ohio, the IRS-CI Philadelphia Field Office, the FBI’s Philadelphia Field Office, and the Federal Deposit Insurance Corporation Office of Inspector General for their assistance investigating this matter.

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Pennsylvania Power Plant: Ballard Spahr – Law360 https://ohcdphila.org/pennsylvania-power-plant-ballard-spahr-law360/ https://ohcdphila.org/pennsylvania-power-plant-ballard-spahr-law360/#respond Thu, 05 Aug 2021 19:29:00 +0000 https://ohcdphila.org/pennsylvania-power-plant-ballard-spahr-law360/ Law360 (August 5, 2021, 3:29 p.m. EDT) – Lawyers for Ballard Spahr LLP took part in some of the biggest stories of 2020, including the presidential election, protests against racial injustice and the COVID-19 pandemic . By putting his talents at the service of the main concerns of the time – while managing real estate […]]]>
Law360 (August 5, 2021, 3:29 p.m. EDT) – Lawyers for Ballard Spahr LLP took part in some of the biggest stories of 2020, including the presidential election, protests against racial injustice and the COVID-19 pandemic .

By putting his talents at the service of the main concerns of the time – while managing real estate transactions, winning litigation and securing intellectual property – Philadelphia-based Ballard Spahr earned his place among the powers of Law360 by Pennsylvania for 2021.

“Over the past year you can watch some of the big things that made the news: the pandemic, the presidential campaign and the protests that arose out of George Floyd …

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