Photographic Walkarounds – Aircraft Walkaround Sat, 15 Jan 2022 07:01:20 +0000 en-US hourly 1 Photographic Walkarounds – Aircraft Walkaround 32 32 Madison mayor visits businesses that have received home loans Sat, 15 Jan 2022 01:21:00 +0000

MADISON, Wis. — Madison Mayor Satya Rhodes-Conway visited some local businesses on Friday that have received support from the city to get established.

Rhodes-Conway visited JP Hair Design and KnitCircus Yarn, both located in the 500 block of Grand Canyon Drive on the west side of town.

The Commercial Ownership Assistance Program establishes a repayable loan fund to help Madison business owners transition from rental to commercial ownership. The program focuses resources on communities that have historically experienced barriers to buying commercial property, including communities of color, immigrant communities, women, and veterans.

It will also prioritize support for businesses in under-invested areas of the city.

Rhodes-Conway said the program is a good first step to help prevent displacement, especially in neighborhoods at risk of gentrification.

“One of the goals of this program is for us to create wealth in our community and to support not only local businesses, but also businesses that are owned by people of color, that are owned by women, that are owned by veterans, and we can be successful if you build this ecosystem around these companies,” she said.

While people of color make up about 27% of Madison’s population, only 3% to 9% are business owners.

]]> Developer Sunac China plans to sell $ 580million shares to repay loans Thu, 13 Jan 2022 07:46:00 +0000

The logo of Sunac China Holdings Ltd is seen at an exhibition in Hangzhou, Zhejiang province, China on May 25, 2015. Photo taken on May 25, 2015. China Daily / via REUTERS

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HONG KONG, Jan. 13 (Reuters) – Chinese real estate developer Sunac China Holdings Ltd (1918.HK) announced on Thursday that it plans to raise 4.52 billion Hong Kong dollars ($ 580.09 million) from a sale of shares for loan repayment and general corporate purposes.

The Hong Kong-listed developer plans to sell 452 million new shares, or 8.3% of the enlarged share capital, to controlling shareholder Sunac International Investment Holdings, he said in a filing on the Hong Stock Exchange. Kong.

The new shares will be issued at HK $ 10 each, which is a 15.3% discount from Wednesday’s closing price of HK $ 11.80 each.

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Sunac shares fell 22% in afternoon trading to HK $ 9.2, compared to a 0.2% drop in the broad market (.HSI)

A source close to Sunac told Reuters that the company no longer intends in the short term to place its stock or shares in the Sunac Services unit (1516.HK) to raise capital, adding that it has sufficient funds to meet short-term debt payment obligations. term and for the development of the project.

Sunac China did not immediately respond to a request for comment.

Sunac last issued new shares and sold a stake in Sunac Services in November to raise a total of $ 948 million.

Sunac Services told investors on Tuesday that it also had no stock placement plan or new related party transactions and would resume share buybacks, according to a brokerage report. Jefferies.

In the last share placement, the controlling shareholder will buy the new shares after having sold the same number of existing shares at the same price to third-party investors.

Morgan Stanley & Co. International plc is the placement agent.

($ 1 = 7.7919 Hong Kong dollars)

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Reporting by Donny Kwok and Clare Jim; Editing by Muralikumar Anantharaman

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Italy returns Parthenon fragment in historic loan to Greece Sun, 09 Jan 2022 14:23:43 +0000

Greece takes delivery this week of an ancient fragment that once adorned the Parthenon temple, the country’s most important archaeological site. The return of a museum to Italy is seen as the biggest boost to the British Museum, which holds the largest collection of Parthenon sculptures and has refused for centuries to return antiques to their former home.

The marble fragment will be unveiled at the Acropolis Museum on Monday, presented in a life-size representation of the Parthenon frieze.

The return is part of a revolutionary loan agreement signed between the Acropolis Museum and the Antonio Salinas Regional Archaeological Museum in Sicily, where the artefact has been on display since the 19th century.

FILE – Two women visit the Acropolis Museum in Athens as museums and archaeological sites open at night for two days on August 22, 2021.

The Parthenon fragment, representing the foot of a goddess, will be loaned for a period of four years in exchange for a headless statue of the goddess Athena from the 5th century BC. The term of the loan could be extended for another four years and the transfer of the fragment to Greece could eventually become permanent.

Sicily’s cultural advisor Alberto Samonà said it was an important cultural exchange that could pave the way for even larger international exhibitions organized by the Salinas Museum and the Acropolis Museum.

FILE - A woman looks at the Parthenon Marbles, a collection of stone objects, inscriptions and sculptures, also known as the Elgin Marbles, on display at the British Museum in London on October 16, 2014.

FILE – A woman looks at the Parthenon Marbles, a collection of stone objects, inscriptions and sculptures, also known as the Elgin Marbles, on display at the British Museum in London on October 16, 2014.

Greek experts say the loan deal adds to growing pressure on Britain to follow suit with the so-called Elgin Marbles, a massive collection of sculptures assembled by Thomas Bruce, the seventh Earl of Elgin , who in the early 1800s was the British Ambassador to the Ottoman Empire, which then controlled Greece. Britain bought them from Elgin in 1816 after a parliamentary inquiry into the legitimacy of his ownership.

The dispute marks one of the oldest cultural conflicts in history, with Athens demanding for decades that the British Museum return marble masterpieces to Greece. The Greeks accused the late British aristocrat of cultural theft.

FILE - Tourists visit the archaeological site of the ancient Acropolis in Athens on July 1, 2021.

FILE – Tourists visit the archaeological site of the ancient Acropolis in Athens on July 1, 2021.

Last week, Greek Prime Minister Kyriakos Mistotakis made a new offer for the return of the sculptures as the Acropolis Museum installed 10 fragments of the Parthenon frieze stored in the capital’s Archaeological Museum.

The return of the Parthenon sculptures from the British Museum, he said, is a political and ethical issue with international implications. The PM said the return was aimed at healing a wound violently and illegally created by Elgin.

Mitsotakis raised the issue during talks with his British counterpart, Boris Johnson, late last year, offering to loan historical Greek treasures to the British Museum.

The Prime Minister’s Office has since said the offer fell under the British Museum. He added, however, that the marbles were to remain in Britain, arguing that they had been acquired legally and were not the subject of a property dispute.

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Man Gets COVID Relief Loans, Spends on Tesla Stocks: Federal Government Sat, 08 Jan 2022 00:51:44 +0000

A 51-year-old man was sentenced to four years in prison for wire fraud, bank fraud and money laundering on January 6, 2022, federal prosecutors said.  He is accused of fraudulently receiving relief <a class=loans for the COVID-19 pandemic in 2020.” title=”A 51-year-old man was sentenced to four years in prison for wire fraud, bank fraud and money laundering on January 6, 2022, federal prosecutors said. He is accused of fraudulently receiving relief loans for the COVID-19 pandemic in 2020.” loading=”lazy”/>

A 51-year-old man was sentenced to four years in prison for wire fraud, bank fraud and money laundering on January 6, 2022, federal prosecutors said. He is accused of fraudulently receiving relief loans for the COVID-19 pandemic in 2020.

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An Oregon man has been sentenced to jail after being accused of stealing millions in COVID-19 relief loans and spending them on Tesla shares and 25 properties, federal officials said.

Andrew Aaron Lloyd, 51, of Lebanon, Oregon, was sentenced to four years in prison on wire fraud, bank fraud and money laundering on Jan.6, the Oregon district attorney’s office said in a press release.

In the span of 60 days in 2020, Lloyd applied for more than a dozen COVID-19 pandemic relief loans for struggling businesses, according to court documents.

He received more than $ 3.5 million after applying to the Paycheck Protection Program and Economic Disaster Loan Program with bogus claims, according to sentencing documents.

The money and securities seized from Lloyd’s account are now worth more than $ 18 million, according to the press release.

Prosecutors said in sentencing documents he used the money to buy 25 properties in Oregon and California, and bought titles through his brokerage account.

He bought more than 15,000 Tesla shares, which grew “exponentially,” prosecutors said.

On the claims, he included different businesses under the names of family members and business associates, according to sentencing documents. He also submitted IRS forms with fake salaries, incomes and the names of 56 to 64 employees who did not exist within these companies.

In addition to four years in prison, Lloyd was ordered to pay more than $ 4 million in restitution and to serve five years of supervised release.

An accomplice in the scheme has also been charged. Russell Anthony Schort, 39, of Myrtle Creek, Ore., Pleaded guilty to bank fraud on Nov. 16, according to the press release.

Helena Wegner is a McClatchy National Real-Time Report reporter covering Washington State and the Western Region. She graduated in journalism from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. She is based in Phoenix.

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Here are the federal student loan changes you should know in 2022 – NBC Los Angeles Thu, 06 Jan 2022 02:00:26 +0000

This is an excerpt from CNBC’s Make It newsletter. Subscribe here.

Welcome back, readers!

It’s 2022, and those with federal student loans can start the new year with a sigh of relief: The US Department of Education has implemented some changes that could help borrowers financially throughout the year. .

First, the Education Department’s hiatus on loan repayments, interest and collections remains in effect until May 1, as do wage garnishments for those who default.

In December, the department extended the break (originally scheduled to end on February 1) due to the highly contagious omicron variant of the coronavirus. The decision was taken to give borrowers additional time to “plan for resumption of payments and reduce the risk of default and default after restart”.

The hiatus, in effect since March 27, 2020, has been a saving grace for some borrowers, allowing them to potentially redirect hundreds of dollars in monthly payments to necessities, like housing, food or savings during the pandemic.

In addition to an extension of the payment break, some borrowers eligible for the cancellation of public service loans (PSLF) have until October 31, 2022 to take advantage of the changes to the PSLF program, announced by the Ministry of Education in October of last year.

These temporary changes include the offer of a waiver to retroactively count the FFEL, or Federal Family Education Loans, to the 120 payments needed for the PSLF; count any previous payments made as eligible for the 120 needed as long as the borrower has a direct loan; and automatically certify the employment of federal and military employees.

This doesn’t mean anyone can apply now – borrowers must still have worked for qualifying employers and made 120 monthly payments on time for their loans. But the changes ensure that borrowers who held public service jobs but were confused by the program’s notoriously complicated rules can now qualify.

Borrowers can find more information about the changes on the Department of Education website.

And finally, some borrowers are still making their payments during the break because, with interest rates set at 0% throughout the pandemic, everything is going towards their principal balance. For those who want to get ahead of certain interests, this can be a good tactic.

However, if you are looking for forgiveness, don’t make any payment just yet. The months of the break still count towards the total number of payments you need to qualify for a discount (that’s 120 for PSLF, for example), but it’s not worth spending more money on your loans now. if they end up being handed over.

What do you think of in this new year? Write to me at

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Don’t miss: What will the housing market look like in 2022? It could “come to your senses”

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Woman shot dead in fight over COVID loans, couple charged Tue, 04 Jan 2022 02:55:00 +0000

Two men face dozens of charges after a woman was shot and killed in a fight over COVID loan money, according to an arrest warrant released on Monday.

Kaveon Phillips, 19, was sentenced to the Clark County Detention Center on Wednesday. Another man, Dravion Griley, has been named as his co-accused but did not appear to be in custody on Monday evening. Court records show that an arrest warrant has been issued against his arrest.

Phillips and Griley each face 52 counts, including murder, in the October death of Ashley Green, 26. Green died of gunshot wounds to the back, the Clark County Coroner’s Office said.

Other charges included conspiracy, assault with a deadly weapon, attempted murder and unloading a gun at an occupied structure, court records show.

Few details were released at the time, but police were called to the Solaire Apartments, 1750 Karen Avenue, after a report of a shooting in the afternoon of October 30.

An investigation revealed that Phillips and Griley had a long-standing fight with another man, whose name had been redacted in the warrant. The man told police Phillips shot him several times in June and the initial argument started after a “discussion about money raised from covid loans.”

Surveillance video showed Phillips following another car, after which nine shots were fired.

According to the warrant, Green had driven the man back to his apartment after forgetting his money on his way to a convenience store.

Phillips is due in court on Jan.31.

Contact Jonah Dylan at To follow @TheJonahDylan on Twitter.

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Americans borrowed a record $ 1.61 trillion to buy homes in 2021 Sun, 02 Jan 2022 03:57:39 +0000

Mortgage lenders issued $ 1.61 trillion in purchase loans in 2021, up from $ 1.48 trillion in loans issued in 2020 and marking the highest number of mortgages on record.

The figures for 2021 broke a previous record set in 2005, when $ 1.51 trillion in loans was issued, according to The Wall Street Journal.

The record numbers reflect a hot housing market. At the onset of the pandemic, people were drawn into the market with low interest rates and the desire for more space in their homes – desires that continue to drive up house prices, noted the Newspaper.

House prices rose 18.4 percent in October, marking a slight decline from the 19.1 percent home price hike in September.

But with a strong job market, Americans who got pay raises or saved up during the pandemic are potentially ready to enter the housing market despite soaring costs.

The Bureau of Labor Statistics reported that wages for all workers in the private sector rose 4.6% year-over-year in the third quarter, the Journal noted.

“All of that extra income is going somewhere, and a lot of it has been spent on housing,” Taylor Marr, deputy chief economist at Redfin Corp., a real estate brokerage firm, told the newspaper.

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Buy now, pay later loans may soon play a bigger role in credit scores Fri, 31 Dec 2021 14:00:08 +0000

Francis Creighton, president and CEO of the Consumer Data Industry Association, a professional group for the credit reporting industry, said it was important for late payment loans to be reflected on credit reports in order to that lenders can get a true picture of the overall situation of a loan applicant. credit profile. But because the loans are structured differently from traditional loans, he said, credit bureaus first had to solve “technical” issues to add them. “We have to make sure we get it right,” he said.

At the same time, the Federal Office for Financial Consumer Protection has stepped up the examination of late payment companies. In mid-December, the office opened an investigation, asking five companies to provide details of their business practices by March 1. wanted to better understand the potential benefits and risks to consumers. The agency said it was also concerned about how companies use the data they collect from customers.

The agency noted that if consumers use the loans for multiple purchases, they may find it difficult to keep up with payments. “Due to the ease of obtaining these loans,” the agency said, “consumers may end up spending more than expected.”

Installment payments are usually automatically deducted from debit cards, so buyers may be charged an overdraft fee if they don’t have enough money in their account to cover the payments. If buyers pay down payments with a credit card, they can accumulate additional debt and interest charges on their card if they don’t pay their down payment in full.

In addition, the consumer agency said, late payment loans have fewer protections than traditional credit cards, such as the right to dispute charges if a product is defective.

Members of Congress, as well as consumer groups, called for increased monitoring of businesses, noting that because installment loans do not use traditional credit checks, it is not clear whether borrowers have the right ability to repay multiple loans.

Here are some questions and answers about buy now, pay later with credit:

Ms Saunders said consumers should be confident that they will be able to make the required payments within the allotted time. With traditional credit cards, customers have a consistent payment schedule and a summary of all charges, but someone with multiple late-paying loans may have to juggle multiple due dates. “They absolutely want to make sure they keep track of their payments,” she said.

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Veterans Retirement in Lee receives large donation to repay loans Wed, 29 Dec 2021 21:01:00 +0000

LEE, Maine (WABI) – The best gifts aren’t always under the tree.

For the founders of House in the Woods, a Therapeutic Veterans Retreat, the greatest gift was peace of mind.

Earlier this month, a couple who wished to remain anonymous donated the remaining $ 1.4 million they still owed to their establishment.

“It was such a heavy burden for me to think oh my god we’re borrowing so much money. How are we going to pay for this someday, ”said Dee House, co-founder of the retreat.

With this weight lifted, they can concentrate on their real mission.

Provide recreational retreats and a sense of community to our veterans.

“We’re going to be able to do more with more veterans. So that’s going to increase our capacity probably this year, I would say, by over 25 or 30 more veterans that we can serve in 2022 because the building is paid for, ”said Paul House, executive director of the retreat.

Dee and Paul are the parents of Army Sgt. Joel House, who was killed in Iraq in 2007.

They know that helping veterans and their families heal can sometimes take a helping hand.

“Whether it’s baking a pie or donating a million and a half dollars, they are choosing to improve the lives of our veterans,” said Dee House.

“The people they will help us reach with their generous donation are beyond what we can even imagine,” said Paul House.

Copyright 2021 WABI. All rights reserved.

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A pause on student loans could shape the future Tue, 28 Dec 2021 02:35:00 +0000

JONESBORO, Ark. (KAIT) – Extension granted, but it could come at a price.

Millions of people with loans have more time before they have to pay.

The Biden administration has extended a hiatus on federal student loan payments until May 1.

Gary Latanich, former professor of economics at Arkansas State University, said the situation was very complex.

“So that’s a temporary solution for now, until they find a real solution,” he said.

Each person with student loan debt has an average of $ 39,000 to repay, according to Education Data.

Latanich said some are calling for wiping off student loan debt altogether, but it won’t be that easy.

“It’s more complicated than you think … Because if I get rid of all the student loans.” What about next year students, next year, next year, ”he said.

I asked how this break might affect the future of borrowers.

Brittany Cesean has almost completed her Masters.

She said total debt cancellation would be life changing.

“I will be able to use this money for my life, my future husband, my future children, my future home,” she said.

Latanich explained that those goals could be delayed if they continued to withhold payments and then bring them back later.

“Now you owe us $ 500 a month, okay. Is this going to be a big hit on your income? Yes. Could it delay, have a baby, buy a new house, buy a new car, yes, ”he said.

Between 2010 and 2020, tuition fees increased by an average of $ 7,000.

Lantanich said slowing this increase could help reduce student debt.

“It would be nice if the government would try to help student loans confront the education industry and say listen, guys. There must be some constraint on these rising tuition fees, ”he said.

He said if the increase in tuition fees slowed or stopped, many people would not be in so much debt.

Copyright 2021 KAIT. All rights reserved.

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