Philadelphia Loans – OHCD Phila Fri, 17 Sep 2021 22:15:00 +0000 en-US hourly 1 Philadelphia Loans – OHCD Phila 32 32 Community Raises $ 6,000 + for Family of Rapper Killed in Pennsylvania Motorcycle Crash Fri, 17 Sep 2021 22:15:00 +0000 A community has come together to help support the family of a rapper and hip-hop artist who was killed in a crash in Lancaster County on Sunday. Anthony “Skitz Tha Rippa” Walters, 34, of Columbia, tragically died trying to overtake a vehicle, accidentally hitting it, investigators said. The accident occurred at the intersection of Pheasant […]]]>

A community has come together to help support the family of a rapper and hip-hop artist who was killed in a crash in Lancaster County on Sunday.

Anthony “Skitz Tha Rippa” Walters, 34, of Columbia, tragically died trying to overtake a vehicle, accidentally hitting it, investigators said.

The accident occurred at the intersection of Pheasant Drive and Malleable Road in the Township of West Hempfield at approximately 7:30 p.m.

A few hours after the disclosure of his identity by the coroner’s office, his community announced his loss on social networks, as Daily Voice reported at the time.

Since then thousands of people have read about her life and many want to help her family.

Lauri Stofflet, from Pottstown, is doing just that by launching a GoFundMe campaign “to help Cindy, Pat and Alex pay for Anthony’s final expenses, Aka Skitz Tha Rippa,” as shown on the campaign page.

“Anthony started his rapping career when he was in grade 9. Anthony was constantly playing music. If he wasn’t working or going up, he was in the studio breathing fire,” says Stofflet on the page.

You can still listen to his music on Spotify and discover extracts from his new album on his Instagram.

More music is always on the way too! “There is enough music to release his latest album and only on Saturday he shot a video in one of his most beloved places on earth, St. Pete’s Village,” according to the page. You can like and follow her Facebook page for future updates.

As of Friday night, the campaign had raised $ 6,365 of its goal of $ 10,000.

The funds will not only cover her funeral expenses, but will also be used to pay off her truck and motorcycle loans.

He is survived by “his companion Alexandra Buechner; his parents, Patrick Carroll and Cynthia Carroll; her brothers, Jarrid Carroll (Samantha Carroll) and Zach Carroll (Lucia Villagomez); her nieces and nephews, Lillian Myers, Ivory Lacy, Liam Carroll, Heidi Carroll, Zoey Carroll, Julian Carroll and Vivian Carroll; her grandparents, Darlene Gitney, James and Laura Carroll; and his pets, Duke, Rita, Harley, Marshall, Ringo, Hendricks, Jackson and Marley, ”according to his obituary.

His visit will be at the Catagnus Funeral Home & Cremation Center, located at 1020 East Philadelphia Avenue in Gilbertsville, on Monday, September 20 from 9 a.m. to 10:45 a.m.

In lieu of flowers, the family requests that you donate to the Pennsylvania SPCA Lancaster Center located at 848 South Prince Street in Lancaster or online here.

If you would like to donate to his family’s GoFundMe campaign page, you can do so here.

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Biden faces $ 1.9 billion COVID aid limits as some states resist | Texas News Fri, 17 Sep 2021 16:09:00 +0000 By JOSH BOAK and ZEKE MILLER, Associated Press WASHINGTON (AP) – President Joe Biden entered the White House promising to stop the twin health and economic crisis caused by COVID-19, but $ 1.9 trillion and countless initiatives later he faces the limits on what Washington can achieve when certain states and local governments are unwilling […]]]>

By JOSH BOAK and ZEKE MILLER, Associated Press

WASHINGTON (AP) – President Joe Biden entered the White House promising to stop the twin health and economic crisis caused by COVID-19, but $ 1.9 trillion and countless initiatives later he faces the limits on what Washington can achieve when certain states and local governments are unwilling or unable to step up.

Six months after Congress passed the massive bailout, administration records show more than $ 550 billion has yet to be disbursed. The money could help provide key economic support as the delta variant of the coronavirus continues to pose a threat. But in some cases it has also led to frustration as tenant aid, tests and vaccines are not used despite mass awareness campaigns.

Republican critics say the unspent money shows Biden’s relief plan was too big and inflationary; the administration says unspent funds reflect the extent of planning in case the recovery from the pandemic hits more problems with viral mutations and unexpected economic disruption. By law, around $ 105 billion in state and local aid and more than half of the extended children’s tax credits cannot yet be paid.

“There are things designed to deal with immediate difficulties and others that are designed to enable a multi-year policy response – these aren’t really bugs, they are features,” said Gene Sperling, who oversees the plan. rescue service from Biden. . “The fact that a solid portion of these funds can be used over a period of a few years is good news for ensuring a sustainable recovery.”

Political cartoons

But some of the backlog stems from bottlenecks – or outright bottlenecks – at the state or local level, beyond Washington’s influence. The magnitude of the challenge was apparent when Biden recently announced new vaccine requirements for federal workers and employers with 100 or more workers and stressed the need to test and keep schools open.

“We are facing a lot of backlash, especially from some Republican governors,” Biden said Thursday. “The governors of Florida and Texas – they are doing everything they can to undermine the rescue requirements that I have proposed.”

The Department of Health and Human Services and the Centers for Disease Control and Prevention have implemented “Operation Expanded Testing” to work with schools, homeless shelters and care facilities to provide drug testing at no cost to most organizations, and CDC offered technical services. expertise – but that does not mean that states will do it.

Iowa and Idaho, for example, have rejected tens of millions of dollars in federal aid to boost virus testing in schools. In Texas and a handful of other GOP-controlled states, officials have decided to block schools from performing contact tracing – for which they have received federal dollars – or requiring the wearing of a mask.

There have been a few bright spots, the administration said, including Georgia and Massachusetts, where states have used federal resources to help keep students safe.

White House officials are frustrated at the slow pace of distributing money for some programs, but argue that what remains is largely out of their control.

Large pockets of money flowed through existing channels – for example, expanded tax credits, which required relatively minor adjustments from the IRS. But the federal government has also been tasked with putting in place entirely new initiatives from the ground up, with little carrots or sticks to encourage local officials to join us.

Privately, some officials believe the country as a whole had the tools to avoid the shock of the latest delta wave and its impact on the economy through vaccinations, robust testing and economic relief money – but did not act quickly enough to use them.

The Biden administration can report clear successes with its relief program. Economic growth has increased sharply this year, with monthly job gains averaging 636,000 and demand exceeding the supply of automobiles, furniture, appliances and other goods. The president and his associates cite forecasts suggesting that US economic growth could be the strongest in four decades.

Yet the delta variant has slowed economic activity, with hiring falling in August to just 235,000 additional jobs. The slowdown overlapped with the expiration of expanded unemployment benefits, causing 8.9 million people to lose weekly benefits and 2.1 million people to additional unemployment benefit of $ 300 per week.

The delta variant has spread as funds to fight COVID-19 remain untapped.

Of the $ 51 billion earmarked for testing, monitoring, and research and development of Biden’s plan, the administration said $ 13.9 billion has yet to be distributed and will be used to combat the delta variant. Only 10% of the money for homeowner aid has gone to states, and tenant aid has been so unevenly distributed that the Treasury Department announced on Tuesday that the remaining $ 13 billion will go to states and cities. “High performance”.

“Absolutely, it was too important,” said Marc Goldwein, senior vice-chair of the Privy Committee for a Responsible Federal Budget. “But it was also poorly designed in terms of timing and composition – there were places we should have spent longer or longer.”

Goldwein said unemployment benefits should have been gradually reduced. Direct checks could have been split into multiple rounds, instead of a single payment of $ 1,400 for each eligible person. State and local funds could have been disbursed in conditional installments.

Administration officials said the government was generally successful in providing direct payments to individuals, child tax credits and forgivable loans to businesses. The roughly $ 400 billion in out-of-pocket payments were all spent quickly, as was the $ 28.6 billion in aid to restaurants that lost revenue during the pandemic. They noted that the administration is expected to meet or exceed the Congressional Budget Office’s spending forecast for this fiscal year.

Channeling funds through state and local governments was more of a challenge. Administration officials said the Trump administration left them without a decent infrastructure for these programs despite approving around $ 4 trillion in aid before Biden became president.

The Biden administration changed its guidelines to release rent assistance at a faster rate to limit evictions, but found that an awareness campaign involving the coordination of 437 separate jurisdictions led to mixed results. Not enough cities could replicate the programs seen in Houston, Philadelphia and Louisville, Kentucky.

But in many cases, the federal government was prepared to let states, counties and cities take a more patient approach with $ 350 billion in direct aid, of which $ 105 billion has yet to be distributed.

Even the money that has been disbursed has not necessarily been spent. State and local governments have until 2024 to spend it.

“It is still too early to judge whether the program has been successful,” said Alan Berube, senior researcher at the Brookings Institution. “The administration and Congress want cities to think about using the funds not only for an immediate recovery, but also to ensure an inclusive and sustainable rebound.”

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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If you are at risk of deportation, this last resort could save you time: Lawyer Thu, 16 Sep 2021 15:25:03 +0000 Tenants facing eviction should consider filing for bankruptcy in order to gain more time to make a financial decision, said George Tadross, a consumer finance and tax lawyer. “[Declaring bankruptcy] takes between, I would say, three to six months, which may not seem like a lot of time, but to be honest with you, it’s […]]]>

Tenants facing eviction should consider filing for bankruptcy in order to gain more time to make a financial decision, said George Tadross, a consumer finance and tax lawyer.

“[Declaring bankruptcy] takes between, I would say, three to six months, which may not seem like a lot of time, but to be honest with you, it’s a godsend, ”Tadross said. This extra time can give people threatened with eviction time to sort out their finances and decide which direction they want to proceed, he added.

Bankruptcy is a legal deposit that is declared when a person is unable to meet their unpaid debts. There is a legal process to qualify for bankruptcy, in which filers must meet certain criteria related to income, the value of personal assets, and debt levels. Declaring bankruptcy can help people get off their debt, but it can also lower credit scores and make future loans more difficult to obtain.

“Consult with a local attorney who knows the laws,” said Tadross, who practices in Philadelphia. “Each jurisdiction is a little different.

End of moratoriums, increase in evictions

In 2021, a the federal moratorium on evictions has been extended to relieve both landlords and tenants after COVID-19 destabilized the economy and increased unemployment. The Supreme Court ultimately overturned this policy, but several national and local deportation moratoria remain in place. Problems arose after much of the federal money ultimately failed to reach targeted people in a timely manner. Until the end of July 2021, only $ 4.7 billion of the $ 47 billion allocated by Congress had reached homeowners and tenants, the Treasury Department reported in August.

NEW YORK, NEW YORK – AUG 31: People gather at Gov. Kathy Hochul’s New York office calling for a stop to evictions on August 31, 2021 in New York City. (Photo by Michael M. Santiago / Getty Images)

Today, more than a year after the start of the pandemic, many Americans are still behind on their housing obligations. About 10 million Americans, or 14% of American renters, are in arrears with rent payments, according to Center data on budget and policy priorities. Eviction rates could increase in the near future, especially for low-income renters and people of color.

Moratoriums and stimulus payments have helped lower the rate of people filing for bankruptcy, Tadross said. “There have never been fewer bankruptcy filings in recent memory than in the last year and a half, again, because these moratoriums and benefits and things like that have been extended to people. “

While there are risks associated with bankruptcy, Tadross noted, some tenants may be too quick to dismiss it as a viable option because of its stigma.

“I understand … Nobody really wants to be in this position,” he said. “But you have to look at the consequences of doing nothing, even putting aside the harshness of an addiction [or] be kicked out on the street. Someone is doing nothing and has tens of thousands of dollars in debt and [don’t] want to file for bankruptcy. Well… it’s just going to keep increasing.

Bankruptcy can act as a buffer between impending evictions and tenants who need more time to figure out their next financial move. Those three to six months can be crucial, Tadross pointed out, and sometimes make the difference between a life riddled with debt and a path to financial stability.

“Each month, REITs [real estate investment trusts] report other defaults to credit bureaus, ”he said. “And it’s going to get harder and harder to dig out of that hole.”

For those looking to file for bankruptcy, it is crucial that they do so before eviction judgments are made, Tadross stressed.

“If they file for bankruptcy and want to get that extra time, they have to do it before the deportation order,” he said. “Once they get that eviction judgment, the automatic stay of bankruptcy will not help them, because now it’s the owner who seeks to take possession. And it’s no longer like a real loan or… a collection activity that is protected by an automatic state. So they really, really can’t wait until after that.

Ihsaan Fanusie is a writer at Yahoo Finance. Follow him on twitter @IFanusia.

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Hunger in the United States: New Frame Thu, 16 Sep 2021 11:50:35 +0000 According to the United Nations, the world produces enough food to feed 10 billion people. Yet this year, even in the United States, one of the richest countries in the world, one in three American families with children went hungry. Even before the pandemic in 2019, official statistics from the United States Department of Agriculture […]]]>

According to the United Nations, the world produces enough food to feed 10 billion people. Yet this year, even in the United States, one of the richest countries in the world, one in three American families with children went hungry. Even before the pandemic in 2019, official statistics from the United States Department of Agriculture indicated that 35 million people were hungry, including 10 million children.

The Covid-19 pandemic has inflated the situation, exposing even those who felt “safe” to the possibility of going without food. In a society where food is not a human right but a commodity to be purchased, how were people supposed to eat if they couldn’t work?

The short answer: they didn’t. With almost no help from the federal government, American workers have been laid off by the millions. Overnight, people suddenly wondered where their next meal would come from. Families were forced to choose between buying life-saving medicine and buying enough food to feed their families.

April 3, 2021: Two volunteers from the Unity and Survival program pose with bags of groceries. Food is purchased from a local store that sells it in the program at a reduced price, then packaged and delivered the same day.

Indeed, in early summer 2021, 63 million people in the United States told government investigators they were unable to afford their usual household expenses, including balancing food and spending. rent, but also student loans and drugs.

The burden is also unevenly shared. Black adults were three times more likely and Latino adults more than twice as likely as white adults to report insufficient nutrition.

The struggle to survive

It was in this context that the Unity and Survival program was born in the city of Philadelphia, a representative example of the type of “mutual aid programs” that emerged in the United States during the pandemic. The initiative, launched by the Philadelphia Liberation Center, was aimed at fulfilling duties the government failed to fulfill during the global pandemic. He had a simple task: to identify the people of Philadelphia who had difficulty obtaining food, to deliver it to them and to build a stronger community network to mobilize in favor of the right to life.

One distribution network in particular was a crucial part of the program, as one volunteer organizer noted: “There was a high degree of fear and uncertainty and reluctance on the part of many residents, not only in this neighborhood. , but I am sure all over the city and the country to expose themselves to the Covid virus. With so many older people and people with chronic health conditions in the area, we felt that we needed to organize not only the supplies, but the network to distribute them. “

April 14, 2021: A Unity and Survival volunteer packs a box of food from the Philadelphia Liberation Center pantry.

Initially, the organizers of the Unity and Survival program sought food donations and created a GoFundMe campaign to pay for groceries. The online fundraising platform has become a popular way for people to fund basic needs like food and medical bills during the pandemic as government support was insufficient. The Unity and Survival program provided crucial assistance to families in dire straits during this early period, which garnered national attention and support for the initiative.

Within months, the program caught the attention of nonprofit groups across the city. They started donating boxes of food, dramatically increasing the amount of food delivered. The program has also broadened its reach by adding community members to the delivery teams.

Organizers of the Unity and Survival program identified community leaders and food box recipients who wanted to support the initiative and made them “neighborhood leaders”. Neighborhood captains were responsible for ensuring that food boxes containing groceries were delivered to their own neighborhoods, thereby multiplying the reach of the program.

Overcome shame

One of the notable factors of the boulder captain network is the importance of a familiar and trustworthy face, which helps overcome the shame that comes with seeking help in a society with an extremely individualistic and ethical “ up to the task ”.

As one block captain noted, “My main goal when handing out food is for people to get the resources they need without feeling judged by it, without having any kind of barriers.

The Philadelphia Liberation Center was also able to mobilize the support of community organizations with which it had worked in the past in various social struggles. For example, he joined forces with the Norris Square Community Action Network, which is active in anti-gentrification struggles.

April 12, 2021: A Philadelphia Liberation Center volunteer poses with a senior after grocery shopping.

It also reached out to the faith community, in partnership with a church, La Vid Verdadera, with which members of the Liberation Center were already working to mentor immigrants from Central America as part of a joint community education program, Escualita. Oscar Romero.

The Philadelphia Liberation Center estimates that it has delivered 100,000 meals so far, a number that continues to grow every week. At its peak, the Unity and Survival program served 1,000 families every week and currently serves 750 families, underscoring the continuing persistence of hunger, even with a slight downturn in the pandemic in the United States.

“We are now getting to a point where we can get a constant flow of food and supplies, which is amazing because just five months ago we had very limited means, and now we have come to a point where we are we can look to develop this program even further, ”said another organizer of the Unity and Survival program.

System change, no charity

Members of the Philadelphia Liberation Center were proud of the device they had built, but they all said the same about its weaknesses: It was not big enough to cope with the scale of the problem. Although the program has been able to feed tens of thousands of people in Philadelphia, tens of millions of people go hungry in the United States.

The Unity and Survival program gives us a glimpse of what is possible, but it should be expanded to a level that only state authorities can achieve to dramatically reduce poverty in any way. The program has demonstrated that the people of Philadelphia are ready and willing to work for food sovereignty in their city – what is missing is the political will.

This is why, in its literature and outreach, the Unity and Survival program actively challenges the notion that food can be bought and sold for profit, making it clear that this is the very reason hunger exists. in the first place.

This was something that was clear at the height of the pandemic last year when videos of farmers throwing away unsold milk and crushing unwanted vegetables with tractors went viral. From the perspective of a profit-driven system, the crops were worthless because they could not be sold.

Associated article:

  • Fighting hunger in Joburg, one meal at a time

Destroying crops makes sense if your goal is to maximize profits, but it doesn’t make sense if your goal is to end hunger. There is no incentive to create sustainable structures of food production and delivery under capitalism, in fact 40% of all food produced in the United States ends up in the trash.

Reflecting on these realities, another program volunteer said Breakthrough: “You know, that’s why we are socialists. We believe that only the working class can take care of itself. The bourgeois, they are not going to suddenly become nice and decide to be charitable when, when they become charitable, it is only for their own preservation.

Ending hunger, as the Unity and Survival program emphasizes, is only possible by adopting a socio-economic system that aims to maximize human well-being, not benefit a few.

World hunger is a collaborative series produced by ARG Medios, Brasil de Fato, Breakthrough News, Madaar, New Frame, NewsClick and Peoples Dispatch.

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Delaware Ivy High Income Opportunities Fund appoints Adam H. Brown and John P. McCarthy as co-managers Tue, 14 Sep 2021 20:38:50 +0000 Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here. OVERLAND PARK, Kan .– (BUSINESS WIRE) – Today the Delaware Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”), a closed-end fund listed on the New York Stock Exchange which is trades under the symbol “IVH”, announced […]]]>

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OVERLAND PARK, Kan .– (BUSINESS WIRE) – Today the Delaware Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”), a closed-end fund listed on the New York Stock Exchange which is trades 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.

Mike Daley

Vice-President – Head of Accounting and Investor Relations

(913) 236-1795

Source: Ivy High Income Opportunities Fund

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Biden issues vaccination warrants to 100 million workers Fri, 10 Sep 2021 18:22:30 +0000 President Joe Biden announced Thursday that he is asking the Department of Labor to require all employers with more than 100 employees to prescribe vaccinations or undergo weekly COVID tests. Biden estimated his executive order would affect 100 million people, or two-thirds of workers in the United States. These same employers will also be required […]]]>

President Joe Biden announced Thursday that he is asking the Department of Labor to require all employers with more than 100 employees to prescribe vaccinations or undergo weekly COVID tests.

Biden estimated his executive order would affect 100 million people, or two-thirds of workers in the United States. These same employers will also be required to give workers paid time off in order to be vaccinated. Future rules will be enforced by OSHA. It is not yet clear how restaurant chains will be affected by the 100+ employee rule.

“We have been patient, but our patience is running out,” Biden said during his speech Thursday. “And your refusal has cost us all. So please do the right thing. But don’t take it from me; listen to the voices of unvaccinated Americans lying in hospital beds, taking their last breaths, saying, “If only I had been vaccinated. ‘If only.'”

The move marks the federal government’s biggest push to increase immunizations, as an estimated 80 million Americans have yet to receive a vaccine. As of Thursday morning, 62.7% of the population had received a dose and 53.4% ​​were fully immunized, according to the CDC. Meanwhile, COVID cases have declined in recent weeks, but remain high compared to early summer. The seven-day moving average of COVID cases was 136,558 on Wednesday, up from 156,856 on August 30.

The National Restaurant Association voted in favor of the decree.

“The National Restaurant Association and the restaurant industry support vaccination for everyone, as higher vaccination rates are our best bet to contain the spread of COVID-19. Our COVID-19 operational guidance best practices continue to suggest that all restaurant employees be vaccinated if possible, ”Sean Kennedy, executive vice president of public affairs, said in a statement.

As has been the case in markets like New York, New Orleans, and San Francisco, however, hurdles – and a lot of uncertainties – will likely emerge when it comes to enforcement. At New York, Restaurants are urged to comply by September 13. If they don’t, businesses will be fined $ 1,000 for a first offense, $ 2,000 for a second, and $ 5,000 for a third.

“While we appreciate the intent of this executive order, we hope that the administration will work with us to consider the unique operations of restaurants when creating the implementation guidelines,” Kennedy said.

According to a recent survey by Sangajob, 67% of 1,872 hourly workers surveyed said they would work for an employer that would force them to get the vaccine.

In August, a Littler Mendelson survey of 1,600 employers found that 80 percent of employers in retail / hospitality said they were concerned about resistance from employees who are not in a protected category but refuse to be vaccinated; 73% were concerned about the impact on their corporate culture if a vaccination mandate was put in place; and 69 percent cited staff loss and operational difficulties as a major concern in adopting a vaccine requirement against only 60 percent of all employers.

Currently, restaurant workers are required to provide proof of vaccination or a negative COVID test in New Orleans, Honolulu, Philadelphia and San Francisco, as well as a few counties in Seattle. NYC joins this coming week. And the same requirements extend to customers wishing to dine inside.

McDonald’s, in August, also announced that company employees should be vaccinated by September 27, joining a growing list of large companies, such as Amazon, Google, Apple and Walmart. Restaurateur Danny Meyer revealed earlier in August that his New York office Union Square Hotel Group would require all restaurant workers, new hires and customers to be vaccinated. Employees had until September to decide whether to get the vaccine.

“This is an unvaccinated pandemic,” President Biden said Thursday. “And this is because despite America having an unprecedented and successful vaccination program, despite the fact that for almost five months free vaccines have been available in 80,000 different places, we still have nearly of 80 million Americans who failed to get shot.

“And to make matters worse, there are elected officials who are actively working to undermine the fight against COVID-19,” he added. “Instead of encouraging people to get vaccinated and mask themselves, they are ordering mobile mortuaries for unvaccinated people dying from COVID in their communities. It is totally unacceptable.

President Biden will sign an executive order requiring all federal employees of the executive brand to be vaccinated, and he has signed another that requires federal contractors to do the same.

“President Biden’s announcement is a real game changer for many employers,” Steve Bell, a partner at international law firm Dorsey & Whitney, said in an email. “Now that the federal government will make vaccination mandatory for federal employees AND contractors, the impetus for other employers to mandate vaccination for the workforce will increase exponentially. The fact that the largest employer in the United States (the federal government) is making vaccines mandatory will reassure private employers who have been reluctant to demand vaccines. It can also set the standard of what a reasonable employer should face in this continuing epidemic. “

“OSHA, which reports to the US Department of Labor, will issue an emergency temporary standard to implement the new rule. While it is not clear when the ETS requirement will go into effect, the wait is unlikely to be long. Adds Keith Wilkes, partner / shareholder in labor and employment law at the national law firm Hall Estill. “The federal government did its legal homework before implementing the same mandate, by executive order, for federal employees in July. Today, however, President Biden announced that it was removing the regular testing option for Federal employees and employees of all federal contractors.Employers affected by the new OSHA rule will be required to determine whether there are reasonable accommodations for employees seeking to evade the vaccination mandate due to a sincere religious belief or a reason based on a disability. Private sector employees who fall under this new rule will have no choice but to be fully immunized if they wish to keep their current job. “

In addition to the vaccination mandate, President Biden announced the COVID-19 Economic Disaster Loan Program Expansion, or EIDL. It is will now allow small businesses to borrow up to $ 2 million of the current $ 500,000 to continue if the pandemic impacts sales.

“These low-interest, long-term loans require no repayment for two years and can be used to hire and retain workers, buy inventory, or even pay off more costly debts accumulated since the start of the pandemic,” he said. President Biden said. “I will also take additional steps to help small businesses stay afloat during the pandemic.

Requirements for companies looking to use EIDL will now also reflect the Restaurant Revitalization Fund, a key request the Association has requested in lobbying efforts.

“We welcome the expanded provisions included in the latest Economic Disaster Lending Program (EIDL) rules and thank the US Small Business Administration for its leadership and dedication to connecting small business franchise owners to the benefits they are in dire need, ”said Matt Haller, President and CEO of International Franchise Association, in a press release. “The intention of the SBA is to ensure that brand-specific franchises can benefit from the program. We will always advocate for the needs of small business owners who are still recovering financially from the COVID-19 pandemic and we look forward to working with the US SBA on future relief projects. “

EIDL funds can now also be used to prepay commercial debt, which means small commercial restaurants with higher interest commercial debt, or credit card debt acquired in the past year, can deploy EIDL funds to pay off this debt all at once.

“At a time when there is still an dire need for small business restaurants to access working capital, these changes will improve the prospects for thousands of operators and improve the economic outlook for communities large and small,” Kennedy added. in a press release. “We have worked with the SBA to improve the terms and use of these federal loans so that they can have more impact. The changes we have achieved will provide an additional reconstruction tool at a time when operators again face uncertainty. “

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This festival is a celebration of black beer culture Tue, 07 Sep 2021 13:59:52 +0000 When Charles St. Clair and a friend opened the Black Horizon Brewery in Willowbrook in 2017 – an affluent suburb just southwest of Chicago – he hadn’t given too much thought to the fact that his was one of the few bricks and mortars belonging to blacks. breweries across the country. After all, growing up […]]]>

When Charles St. Clair and a friend opened the Black Horizon Brewery in Willowbrook in 2017 – an affluent suburb just southwest of Chicago – he hadn’t given too much thought to the fact that his was one of the few bricks and mortars belonging to blacks. breweries across the country.

After all, growing up in a predominantly white Chicago suburb, St. Clair says he was used to being the only black face in a room. But when he got to know his fellow black brewers in Chicago and nearby Indiana, he realized he was part of a small but growing community.

What is part of the appeal of the Barrel and flow festival, a celebration of black-owned breweries, taking place September 10-12 at the Southside Works in Pittsburgh. Proof of vaccination or a negative COVID-19 test within 72 hours will be required to enter.

“I’m looking at the social side of it all,” says St. Clair. “I want to hear what (other people’s) stories are, what their struggles are, and especially from the guys who have been doing this for a lot longer.”

Questions such as how to expand distribution or how to build brand awareness arise, of course. But what appeals to St. Charles is the idea that this annual meeting (formerly known as Fresh Fest) is an opportunity to create a power structure to embolden black brewers.

The Barrel & Flow fest’s mission is just that: to uplift brewers and artists in an industry that has a reputation for exclusion. Day Bracey, the founder of the festival, is quick to point out that of more than 8,500 craft breweries across the country, less than 100 are black-owned and less than 40 of those breweries function like a brick and mortar. mortar.

Bracey and former business partner Mike Potter initially launched what was known as Fresh Fest in 2018 with great popularity. The festival proved to be a success, drawing thousands of visitors and providing a first-ever national celebration of black brewers. The pair got into a fight, but Bracey decided to continue their mission, this time renaming Barrel & Flow.

Barrel & Flow refers to the interconnection of the black arts sectors, whether visual, musical or culinary. On the “barrel” side of the event, most of the participating brewers joined forces with other brands. These collaborations often give small brewers a chance to work with larger or more established brands to expand their reach.

“A lot of times breweries come to us because they want to start the conversation, start that dialogue and meet people on an equal footing and for the brewing industry and to get to know the black community and for the black community. get to know the brewing industry in a non-predatory way, in a way that will improve what they are already doing, ”says Bracey of the collaborative process.

The “flow” part refers to the arts. Performing artists include funk band Ghost-Note and Pittsburgh rapper Benji, along with a lineup of over 20 other musicians and DJs. In addition to the live performances, Bracey says artists will have the opportunity to connect with local businesses. The initiative, funded by Arts Equity Reimagined and community development nonprofit New Sun Rising, provides support to creators throughout the year and helps them establish commercial collaborations. If a small business was looking to rethink their labels or menus, for example, they can partner with an artist to do so. And there’s also a science fair, in part, to encourage kids to take an interest in STEM and maybe get them into the brewing industry. For people who want to participate but can’t make it to Pittsburgh, the festival will also offer virtual programming through its Digi Flow pass for $ 10.

Rather than wait to be included in a predominantly white industry, Bracey sees the festival as a platform for black brewers to build their own supportive ecosystem.

This is one of the reasons why Sankofa Beer, a Washington DC-based brewery, will be returning to this year’s renowned festival. Kofi Meroe co-founded the company with his cousin Amado Carsky. Both were born in the United States but spent much of their education in parts of West Africa.

The company is considered a contract brewery, which means that it sells its beers for distribution to bars and retailers and does not have a physical sales hall open to the public. Sankofa’s offerings vary frequently, but when creating new beers, the cousins ​​draw inspiration from their African roots, with ingredients native to Ghana such as a lager with hibiscus and a chocolate milk stout. .

Meroe says he never really thought about what it means to be one of the few black brewers in the country, but once he got more involved in the industry, he started to consider participation in events like Barrel & Flow as a responsibility.

While he won’t be attending the event himself (he says other members of the company will), he says he sees value in offering mentorship to the “next generation. ”Of brewers in a very young category.

“Personally when I go I go there for a reunion feeling, it’s almost like a big family reunion for us,” Meroe said. “I know most black people in one way or another, and we’ve probably met at Fresh Fest for the past couple of years at some point.”

As more black brewers enter the field, the need for a supporting infrastructure has become evident to those in the industry in recent years.

In Michigan, for example, Founders Brewing Co. was at the center of a racial discrimination lawsuit in which a former employee, who is black, alleged that the Grand Rapids-based brewer tolerated a “racist internal corporate culture. And dismissed him in retaliation. when he complained to human resources.

In an attempt to restore trust in the black community, Founders has teamed up with Detroit chief Phil Jones. He developed a menu during Black History Month that celebrated black culture. Jones, a famous chef and activist, saw this as an opportunity to facilitate change in company culture.

“You don’t have to go to the founders, you don’t have to drink their beer, but someone needs to have these conversations with them because they’re not going anywhere,” says Jones. .

For the Barrel & Flow Fest, Bracey says businesses are vetted to ensure attendees align with the spirit of the event. In doing so, event planners have forged relationships with companies that embody similar values.

“We know the industry is predominantly white and there’s a lot of discrimination in various pockets, especially when you get into these redder states, these redder areas,” says Bracey. “You can focus on all the evils in the world, the issues that black people are facing, or you can look at all the progress that has been made to get us to where we are.

“This is the thing that gives me hope, knowing that with as much work as we put in, we might not see the change we want to see in our lives, but neither do a lot of people who have died. so that we get to where we are now. There are a lot of women who did not have the right to vote. There are a lot of blacks who did not have the right to be free but they still fought “Says Bracey.” That’s what we’re looking for with this festival. It’s like, yeah, there’s a lot of work. We’re going to go into a lot of breweries and maybe be the only black person there. , but find the people who do the job and support them. ”

This article is part of “For Whom, By Whom,” a series of articles on how creating creative spaces can expand opportunities for low-income people living in disinvested communities. This series is generously funded by the Kresge Foundation.

Serena Maria Daniels was a 2017-2018 Next City member for Fair Cities. Based in Detroit, his reporting on the intersection of culture, politics and entrepreneurship can be found in Reuters, NPR’s The Salt and Latino USA, Extra Crispy (a Time publication), Lucky Peach, Chicago Tribune and others. She holds a BA in Journalism from California State University, Northridge.

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Republic First Bancorp, Inc. appoints Steve McWilliams as Wed, 25 Aug 2021 14:13:34 +0000

PHILADELPHIA, Aug 25, 2021 (GLOBE NEWSWIRE) – Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company of Republic Bank, today announced that its subsidiary, Republic Bank, has appointed Steve McWilliams as chairman market for the Philadelphia metro area, including southern New Jersey and Delaware.

Mr. McWilliams has been Republic Bank’s primary lender for five years. Previously, he was a senior lender for Commerce Bank.

Vernon W. Hill, II, Chairman and CEO of Republic First Bancorp and Republic Bank said:

“Steve has been a valued member of our teams both at Commerce Bank and now at Republic Bank. He is particularly qualified to offer our Power of Red model. “

About the Bank of the Republic

Republic Bank is the trading name of Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank with deposits insured to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank offers diversified financial products through its 32 offices located in Atlantic, Burlington, Camden and Gloucester counties in New Jersey; Bucks, Delaware, Montgomery and Philadelphia counties in Pennsylvania and New York County in New York. The bank also offers a wide range of residential mortgage products through its mortgage division, Oak Mortgage Company. For more information on the Bank of the Republic, please visit

Forward-looking statements

The Company may from time to time make written or oral “forward-looking statements”, including statements contained in this press release and in documents filed by the Company with the Securities and Exchange Commission. The forward-looking statements contained in this document are subject to certain risks and uncertainties which could cause actual results to differ materially from those projected in the forward-looking statements. For example, risks and uncertainties may arise due to the negative impacts and disruptions of the COVID-19 pandemic and the measures taken to contain its spread to our employees, customers, business operations, credit quality, financial condition, liquidity. and operating results. ; the duration and extent of the economic contraction resulting from the COVID-19 pandemic; deterioration of general economic conditions; changes in customer behavior; changes in the adequacy of our allowance for loan losses and our methodology for determining this allowance; adverse changes in our loan portfolio and credit risk losses and expenses; changes in concentration within our loan portfolio, including our exposure to commercial real estate loans and our core service area; changes in interest rates; our ability to identify, negotiate, secure and develop new store locations and to renew, modify or terminate leases or effectively dispose of the properties of existing store locations; business conditions in the financial services industry, including competitive pressure among financial services companies, new product and service offerings by competitors, pricing pressures and the like; changes in deposit flows and loan demand; the regulatory environment, including changes in banking industry standards, changes in laws or regulations; our securities portfolio and the valuation of our securities; changes in accounting principles, policies and guidelines as well as the estimates and assumptions used in the preparation of our financial statements; operational risks, including, but not limited to, cybersecurity incidents, fraud, natural disasters and future pandemics; litigation liabilities, including costs, expenses, settlements and judgments; and other economic, competitive, government, regulatory and technological factors affecting our operations, prices, products and services. You should carefully consider the risk factors described in the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other documents that we file from time to time with the Securities and Exchange Commission. The words “would”, “could be”, “should be”, “probability”, “risk”, “target”, “objective”, “could”, “will”, “estimate”, “project”, “believe “,” Intend “,” anticipate “,” plan “,” seek “,” expect “and similar expressions or variations thereof are intended to identify forward-looking statements. All such statements are made in good faith by us in accordance with the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. We do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on behalf of us, except as required by applicable law or regulations.

SOURCE: Republic First Bancorp, Inc.

Franck Cavallaro
(215) 735-4422

A photo accompanying this announcement is available at

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US Housing Boom Saves Over One Million “Underwater” Homes | Local News Sun, 22 Aug 2021 09:15:00 +0000 The pandemic housing boom lifted more than a million American homeowners out of a debt trap that many had been stuck in since the Great Financial Crisis more than a decade earlier. The number of homes considered seriously underwater – which means loans guaranteed by the property are at least 25% above market value – […]]]>

The pandemic housing boom lifted more than a million American homeowners out of a debt trap that many had been stuck in since the Great Financial Crisis more than a decade earlier.

The number of homes considered seriously underwater – which means loans guaranteed by the property are at least 25% above market value – fell to 2.25 million in the second quarter, from 3.5 million in the second quarter. end of 2019, according to the latest real estate equity report from real estate data company Attom.

Chicago, Philadelphia and New York were among the urban areas that saw the largest declines in the number of underwater homes.

The number of homes nationwide classified as “high equity,” meaning their value is at least double the outstanding loan balance, jumped 4.2 million during the same period. They now represent 34.4% of all mortgaged assets, up from 26.7% at the end of 2019.

“Instead of the virus pandemic hurting homeowners, it has helped create conditions that have inflated household balance sheets across the country,” said Todd Teta, chief product officer at Attom.

After the 2008 crash, borrowers across the country were left with assets that were worth far less than what they borrowed to buy it, resulting in a protracted foreclosure crisis in which millions of ‘Americans have been evicted from their homes.

During the pandemic, the government imposed a moratorium on foreclosures. The measure expired on July 31, but the rapid rise in house prices while in effect means that many distressed homeowners can now sell their property for a gain and avoid foreclosure. Nationwide median home prices rose 22% from a year earlier in the second quarter, according to Attom.

There are still pockets of the country where real estate debt traps are prevalent. The top metropolitan areas with the highest share of underwater mortgages include Baton Rouge (which tops the list at 12.7%) and New Orleans in Louisiana, and Toledo and Youngstown in Ohio.

On a more granular level, there are three zip codes in the Cleveland area where about half of all homes still have negative equity.

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Repair relief? Defenders see rare chance to heal aging homes and neighborhoods Sun, 22 Aug 2021 08:00:00 +0000 Repair loans are second mortgages. This means borrowers don’t have to make any payments until they sell their home or refinance. There are special provisions that turn loans into grants for low-income disabled veterans and elderly homeowners. “God bless them,” Cedeno said of CHN. “I don’t know what I would have done. There’s no way. […]]]>

Repair loans are second mortgages. This means borrowers don’t have to make any payments until they sell their home or refinance. There are special provisions that turn loans into grants for low-income disabled veterans and elderly homeowners.

“God bless them,” Cedeno said of CHN. “I don’t know what I would have done. There’s no way. How do you get another loan besides the loan you have? And pay more? Especially when it’s just me and the kids. “

The RCS sends a construction manager to assess each house for acute repair needs. Then, the nonprofit organization helps the owner solicit offers for the job. The loan money is paid directly to the contractor or contractors when the work is completed.

“They guided me through the process,” Cedeno said. “They don’t just leave you. They don’t just give you the loan. They also come to inspect. They make sure the job is done right.”

So far, the CHN program is helping 88 households. Asked about the unmet need, Greg Perelka, executive vice president of lending operations, laughed. “It’s endless,” he said.

Kevin Nowak, executive director of parent organization CHN Housing Partners, said he was discussing with government officials other potential sources of funding for home repairs. Housing groups are closely monitoring how local governments decide to spend money from the American Rescue Plan Act, the federal pandemic relief bill enacted in March.

Cuyahoga County is expected to receive $ 240 million over two years. Cleveland will receive just over $ 511 million. The first installment of money has arrived and local governments are preparing to submit preliminary spending plans to the Treasury Department by August 31.

Some of the money will be used to make up for lost government revenue. The remainder can be used, with some flexibility, to meet pandemic response needs or to address health and economic issues caused or exacerbated by the crisis.

In a presentation in May, the administration of Cleveland Mayor Frank Jackson included “critical home repairs” among the many difficulties the federal injection could solve. The city and county did not respond to requests for an interview on how home repairs fit into their spending priorities.

“Our county needs some pretty serious home repairs when it comes to a century-old housing stock. You just see the communities and homes are sort of deteriorating,” said Keesha Allen, executive director of the Home Repair Resource Center at Cleveland Heights. The association has tried to extend its program of long-term loans, for borrowers rejected by banks, to other communities.

Toni Jones, director of housing for the nonprofit Bellaire Puritas Development Corp. in the West Side of Cleveland, said there was a particular call for practical homeowner outreach and flexible funding. Many existing loan programs exclude applicants based on their credit scores, while grant programs limit the types of repairs – no garage maintenance or driveway work, for example – or require homeowners have insurance and are up to date on property taxes.

The ideal approach will combine public, philanthropic and private funds to support grants to people who cannot make payments and more versatile loans, including small-scale loans, to people who can, Nowak said.

“ARPA allows us, if we do it right, to have a capital base (…).

“It shouldn’t be a typical program,” he added.

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