Loan Application – Stratiawire http://stratiawire.com/ Just another WordPress site Tue, 19 Oct 2021 07:26:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://stratiawire.com/wp-content/uploads/2021/07/icon-1-150x150.png Loan Application – Stratiawire http://stratiawire.com/ 32 32 New program offers doctoral students expertise in substance use disorders https://stratiawire.com/new-program-offers-doctoral-students-expertise-in-substance-use-disorders/ https://stratiawire.com/new-program-offers-doctoral-students-expertise-in-substance-use-disorders/#respond Tue, 23 Mar 2021 05:30:28 +0000 https://stratiawire.com/new-program-offers-doctoral-students-expertise-in-substance-use-disorders/ Colorado has the second highest rate of prescription drug abuse in the country, but reports show that only a small percentage of people with the problem are able to access treatment. The Graduate School of Professional Psychology at the University of Denver aims to address this access problem with its new COST program, which takes […]]]>

Colorado has the second highest rate of prescription drug abuse in the country, but reports show that only a small percentage of people with the problem are able to access treatment.

The Graduate School of Professional Psychology at the University of Denver aims to address this access problem with its new COST program, which takes the school’s innovative specialty in the psychology of substance use disorders one step further. . COST, which stands for Colorado Opiate Use Disorder / Substance Use Disorder Training Program, deals with substance use among pregnant and parental mothers, as well as Spanish-speaking Coloradans.

Professor Kim Gorgens

Seeing the field evolve over more than 20 years, I also knew that addiction treatment had been completely left out of doctoral training in psychology and psychology, as a field facing a growing public health problem. , had an obligation to be better prepared to serve our communities, ”explains Professor Kim Gorgens, who heads the new program.

Thanks to a $ 1.35 million grant over 3 years from the Health Resources and Services Administration (HRSA) – the largest GSPP ever awarded – the COST program has enrolled its first cohort of PsyD students and PhD students from Morgridge College of Education in fall 2019.

“We want to educate our students in the strongest way possible,” said Hollis Lyman, COST program coordinator. “These are such underserved areas. We really want to focus on those populations with our expertise. We want to make sure that our supervision is excellent, our mentoring is excellent and our university education is excellent.

Students complete a three-course specialized course in Substance Use Disorders and one specialized course in Latinx Psychology or Infant and Early Childhood Mental Health. Then, the students participate in a one-year internship in one of COST’s partner agencies. These include Denver Health Medical Outpatient Behavioral Health Services, Salud Family Health Center Clinics, Parentline Colorado at GSPP Caring for You and Baby (CUB) Clinics, and Treatment and Care Services. Anschutz addiction.

This new specialty joins the revolutionary academics who make GSPP one of the most comprehensive programs in the field. COST brings together a range of leading professors: clinical professor Laura Meyer; Assistant Clinical Professor Jennifer Tippet, who heads the Substance Use Disorders Specialty at GSPP; Assistant Clinical Professor Tracy Vozar, Infant and Early Childhood Mental Health Specialty Director and Head of the CUB Clinic; and Clinical Assistant Professor Henrietta Pazos, Director of the Latinx Psychology Specialty.

I knew we could capitalize on one of the things that makes GSPP so special: We have extraordinary faculty expertise in treating substance use and opiates, with a special focus on pregnant and parenting mothers. and underserved members of our Latinx community, ”said Gorgens. “We also have an incredibly talented staff who could build and support the infrastructure needed for a large federal training grant.”

In addition to specialized supervision and mentoring, the COST program provides participants with a stipend of $ 25,000, health care coverage and travel funds for a professional conference.

We are committed to finding every dollar in student support. We never miss an opportunity to offset the costs of higher education, ”explains Gorgens.

Brian Iliescu and Lauren Gross are two of the eight students selected for the first cohort. While Gross initially viewed substance use as separate from her work with pregnant women and pregnant families, the COST program has helped her discover how substance use can impact all aspects of life.

“I learned so much from [the substance use] sequence, ”says Gross. “I was able to take the information I learned and apply it, which was very helpful. “

Iliescu, meanwhile, approached the GSPP for its focus on trauma, and the COST program helped him continue his work and take on a mentoring role for the next school year.

“We need programs like this to teach people in our field [that] it’s an issue that needs to be included in the way we think about people and in our treatment, ”he says. “We can’t just send people to AA meetings and expect it to be good enough. We need to understand where the addiction comes from.

Gross agrees, crediting the training with enriching his understanding of a complex problem.

“[It] made me realize that it’s actually everywhere, and it’s really important for any type of job you do to have addiction training, ”Gross shares. “Now that I’m here I’m really happy to have this training.”

For anyone interested in continuing the COST training, the application process for the third cohort, which will begin in fall 2021, begins this fall. Information can be found here. Community partners interested in getting involved can contact the coordinator, Hollis Lyman at hollis.lyman@du.edu.

COTS students

COST students (not pictured: Brenn Kane)


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Small businesses struggle to get PPP loans – Salisbury Post https://stratiawire.com/small-businesses-struggle-to-get-ppp-loans-salisbury-post/ https://stratiawire.com/small-businesses-struggle-to-get-ppp-loans-salisbury-post/#respond Tue, 23 Mar 2021 05:30:27 +0000 https://stratiawire.com/small-businesses-struggle-to-get-ppp-loans-salisbury-post/ By Natalie Andersonnatalie.anderson@salisburypost.com SALISBURY – While paycheck protection program funds were able to help nearly 1,500 businesses in Rowan County and Kannapolis retain employees, the process was more difficult for small businesses than larger ones. Last week, the US Small Business Administration, along with the US Treasury Department, released detailed information on the 4.9 million […]]]>

By Natalie Anderson
natalie.anderson@salisburypost.com

SALISBURY – While paycheck protection program funds were able to help nearly 1,500 businesses in Rowan County and Kannapolis retain employees, the process was more difficult for small businesses than larger ones.

Last week, the US Small Business Administration, along with the US Treasury Department, released detailed information on the 4.9 million loans obtained under the program. The program was funded by the CARES Act Relief Program and included $ 350 billion in loans for businesses with 500 or fewer employees in the first round of funding as well as an additional $ 310 billion in the second wave.

Greg Alcorn, CEO of Salisbury-based Global Contact Services, said “we took our time to apply” due to the many changes, variables and modifications made throughout the process. Additionally, he said, the company wanted to make sure the initial rush was over before applying. The company retained 500 employees, including 10 in Salisbury and the remaining 490 in its call center in Long Island City, New York.

GCS was able to maintain its workforce in the meantime, and New York associates became work-from-home agents when New York City was “the zero point” for COVID-19 cases, said Alcorn. Agents were able to help other entities with a COVID-19 hotline and unemployment claims.

On June 11, GCS received between $ 5 million and $ 10 million in the second wave of P3 funding, and Alcorn said 100% of the funds were spent on salary expenses.

Some program rules and guidelines have been changed along the way, but at least 60% must be spent on salary expenses. Any remaining funds can be used for utilities, mortgages or rent.

Alcorn said the whole process was a “massive undertaking” as everyone involved was “wiring the house with the electricity on”.

Less than two weeks after the first wave of funds was made available to lenders on April 3, they were completely depleted. North Carolina Bankers Association president Peter Gwaltney said in April that banks were struggling to administer the funds because they had only received federal guidance the day before the money was made available.

But while the process was a challenge primarily for banks and lenders, some small businesses had a less than transparent experience.

Elia Gegorek, chair of the Rowan Chamber of Commerce Minority Business Council, said fewer resources to help small business owners made for a more difficult experience applying for and receiving funds, especially since many of them they relied on their accountants to help them with the process. . In addition, some minority-owned businesses, she said, are just a one-man business.

The SBA reported that 27% of the funds went to small businesses in low and moderate income areas. And the second round of funding included $ 310 billion in loans, of which $ 60 billion was earmarked for minority-owned businesses. The second wave was meant to be safer once lenders sorted out the issues, and steps were taken to ensure small businesses were the ones receiving federal relief.

Of the businesses that received less than $ 150,000 in Rowan County and Kannapolis, 27 loans were identified as female-owned and 129 were identified as male-owned. A total of 10 loans have been made to Asian business owners. Four were black. Four were Hispanic. In addition, 12 of these loans were for businesses owned by veterans.

But the SBA said nearly 75% of all loans nationwide were over $ 150,000. For companies that received less than that, their name and address was not disclosed in the data.

Pam Coffield, owner of Stitchin ‘Post Gifts, said she has encountered a lot of difficulty with the loan process, especially due to confusion over how exactly the program works. For a while, her bank believed she was supposed to work with her accountant, and the accountant believed she was supposed to work with the bank.

“Honestly, no one knew anything about how it worked,” she said.

Coffield was unable to fully support its eight-employee workforce until she received her loan. The store closed on March 30 and Coffield began the loan process. Then, she received the funds at the end of April. But some employees received unemployment benefits in the meantime while others took time off, which she said was “the time that employees needed the money from this loan to meet their wages. “.

She said the loan form appeared to be “designed” by the government. She had to complete another one after her initial application due to changes to the form.

Nonetheless, Coffield said it was a process that should be comprehensive and comprehensive if businesses are able to receive forgiveness.

Cyndie Mynatt, president of Ben Mynatt Buick, experienced a “seamless” lending process beyond the technological issues that everyone had to deal with. Within days of submitting the application in April, she received the money and was able to keep 55 full-time employees at the Salisbury site.

Mynatt said she used Uwharrie Bank, a community bank that was already an SBA approved lender. She is a board member, but said she didn’t believe her role on the board influenced her experience.

She and her son, Ward Childress, who were involved in the process, said they were trained by the National Automobiles Dealership Association as well as an auto dealership accountant, who “provided a lot of timely information” throughout. along the process.

About 75% of the funds were spent on payroll, and the rest was spent on rent, she said.

The money, she said, was a “send from God” because the dealers are commission based. So when the business collapsed, the company did its best to keep employees at their average salary, even though some jobs looked different.

Some employees took on maintenance projects, while many trainings kept employees busy because, although it was seen as an essential business, “no one was coming to buy a car,” Childress said.

The paycheck protection plan resumed accepting demands on July 6 in response to President Donald Trump signing extension legislation. The new deadline to apply for a loan is August 8.

Mynatt and Childress said they are encouraging small business owners to continue to apply for the remaining pool of funds. They encourage the use of an accountant “knowledgeable on this subject”.

Contact reporter Natalie Anderson at 704-797-4246.


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Mortgage refinancing spike, 93% higher than last year https://stratiawire.com/mortgage-refinancing-spike-93-higher-than-last-year/ https://stratiawire.com/mortgage-refinancing-spike-93-higher-than-last-year/#respond Tue, 23 Mar 2021 05:30:26 +0000 https://stratiawire.com/mortgage-refinancing-spike-93-higher-than-last-year/ Mortgage applications to refinance a home loan have increased by around 20% over the past week to the highest level since March, and the volume is now 93% higher than it was at the same time last year, according to data from the Mortgage Bankers Association’s weekly app survey. “The boom in refinancing activity in […]]]>

Mortgage applications to refinance a home loan have increased by around 20% over the past week to the highest level since March, and the volume is now 93% higher than it was at the same time last year, according to data from the Mortgage Bankers Association’s weekly app survey.

“The boom in refinancing activity in the first full week of 2021 has pushed mortgage applications to their highest level since March 2020, despite rising most mortgage rates in the survey. last week, “said Joel Kan, associate vice president of economic and industrial forecasting at the MBA. , told CNBC. “The expectation of further fiscal stimulus from the incoming administration and the rollout of vaccines improving the outlook have pushed up Treasury yields and rates.”

The network notes that while housing demand remains high, mortgage applications to buy a home were 10% higher at the same time last year. This leaves potential owners with a record number of options available and rapidly rising prices. Despite this, Kan noted that there were good signs for initial buyers.

“The observed lower average loan balance was in part due to a 9.2% increase in FHA applications, which is a positive sign that more low-income buyers are returning to the market and first-time home buyers, ”Kan said.

“For now, an air of invincibility in mortgage rates and the persistent establishment of new record lows have been replaced by a healthy respect for what could be the first step in a rising rate environment, the first times we’ve seen such a thing since 2018, ”added Matthew Graham, COO of Mortgage News Daily.

© 2021 Newsmax. All rights reserved.


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Stanley, Los Angeles’ most famous giraffe, at center of two criminal trials, animal “seized on the spot” as evidence https://stratiawire.com/stanley-los-angeles-most-famous-giraffe-at-center-of-two-criminal-trials-animal-seized-on-the-spot-as-evidence/ https://stratiawire.com/stanley-los-angeles-most-famous-giraffe-at-center-of-two-criminal-trials-animal-seized-on-the-spot-as-evidence/#respond Tue, 23 Mar 2021 05:30:26 +0000 https://stratiawire.com/stanley-los-angeles-most-famous-giraffe-at-center-of-two-criminal-trials-animal-seized-on-the-spot-as-evidence/ MALIBU, Calif .– Stanley the Giraffe from Malibu Wine Safaris is at the center of two ongoing criminal trials and has been “seized on the spot” as evidence by the California Department of Fish and Wildlife. Stanley, famous for his selfies with celebrities and an appearance in “The Hangover Part III” is for the moment […]]]>
MALIBU, Calif .– Stanley the Giraffe from Malibu Wine Safaris is at the center of two ongoing criminal trials and has been “seized on the spot” as evidence by the California Department of Fish and Wildlife.

Stanley, famous for his selfies with celebrities and an appearance in “The Hangover Part III” is for the moment still located at the sprawling Saddlerock Ranch in Malibu where he has lived since 2015 among other animals like zebras, buffalos of water, camels and llamas.

But Eyewitness News has learned that members of the Semler family, owners of the ranch and Malibu Wine Safaris, have never held the county permits required to operate a business with wildlife.

“Right now they are in illegal possession of a giraffe,” said Captain Patrick Foy of the California Department of Fish and Wildlife, who explained that Stanley was “seized on the spot” because it is not a easy task of moving an 18 foot tall giraffe boat.

Dakota Semler, owner and CEO of Malibu Wine Safaris, faces criminal charges of “maintaining an unlicensed pet store or wild animal.”

Ron Semler is Dakota’s father and owner of Stanley the Giraffe. He faces minor misdemeanor charges for providing false information about his Stanley “restricted species” permit application to the California Department of Fish and Wildlife.

Ron and Dakota Semler both pleaded not guilty to the charges and both declined to tell us about this story.

According to the Los Angeles County Department of Animal Care and Control, no pet shop license has ever been issued to a member of the Semler family or to Malibu Wine Safaris.

The California Department of Fish and Wildlife cited Ron Semler in June of last year for falsely certifying on his state-restricted species permit applications that he was in compliance with all county laws.

“The department notes that your facility has never been licensed by the Los Angeles County Department of Animal Care and Control,” read a letter sent by CDFW to Ron Semler.

“One of those criteria for being authorized through a permit is that they cannot violate any local ordinance,” Captain Foy told Eyewitness News.

We asked why the CDFW did not verify that the Semlers had the correct county permits.

“The point is, we are relying on the honesty of the licensee, the applicant, to tell us the truth,” said Captain Foy.

The June 2020 letter gave Ron Semler 30 days to either move Stanley to a licensed facility, move the giraffe out of state, humanely destroy Stanley – or deal with the state’s seizure of the giraffe. A case supervisor later said the CDFW did not intend to destroy the giraffe.

Ron Semler is appealing CDFW’s denial of his license and argued that he was not legally affiliated with Malibu Wine Safaris, and that neither Fish and Wildlife nor County Animal Care and Control had ever raised the issue before Woolsey’s fire ravaged his property in 2018.

But this is not true. Eyewitness News found reports from 2015 that ordered Malibu Wine Safaris to apply for a license with Animal Care and Control. The odd thing is that although county animal control officers have carried out regular inspections at the ranch for years, they only took action regarding the lack of licenses after the Woolsey fire. .

In the aftermath of the fire, social media erupted when people learned that Stanley and most of the other animals on the ranch had not been evacuated.

“Stanley was being sheltered in place according to our evacuation plan,” Dakota Semler said in an interview with ABC News at the time, adding that Stanley had been moved to an area with no fuel around.

But the outcry focused on a new ranch review and may have pressured county and state animal control officers to finally crack down on the lack of permits.

Eyewitness News has repeatedly contacted Dakota and Ron Semler and received no response. Jesse Harbison, Managing Director of Malibu Wine Safaris, spoke briefly by phone with our producer, but declined to comment on the licensing issues due to an “ongoing litigation”.

SHOW ME THE MONEY! NO REFUND FOR SAFARIS

Eyewitness News began digging into Malibu Wine Safaris after viewers complained about booking safaris before or during the pandemic and not being able to get refunds.

“I just thought it would be lovely to spend my birthday in Malibu with, you know, a giraffe and sip wine with the family,” said Britney Boyd, one of the seven future safari guests ABC7 spoke with. and who says they already have. to receive refunds for canceled wine safaris.

Dozens more are expressing their frustration with the lack of reimbursement on Facebook and Yelp. The Better Business Bureau has received 41 similar complaints regarding Malibu Wine Safaris. A BBB spokesperson said Malibu Wine Safaris had not responded to complaints.

Britney booked her safari in July, believing Malibu Wine Safaris was open, but they weren’t. She lost $ 400 and says they refused to pay her back.

“We don’t refund you, we keep your money,” Britney says. “They knew they were closed, but they still allow people to book tickets and, you know, to book and take their money.”

Maureen Rigogne also booked a wine safari in July for a bachelorette party in September. It is $ 900. Maureen, like all the women we spoke with, was offered a voucher for hiking or biking.

“I was already 32 weeks pregnant at the time,” says Maureen. “And I was like, I don’t ride a bike in the heat 32 weeks pregnant.”

“I don’t know what they’re doing with the money at this point,” Maureen told Eyewitness News. “They literally absorb it. So what do they do with it?”

Andrea McAdams booked a wine safari for a group of twelve friends from a “Meetup” group in Orange County. She’s still trying to get her $ 1,200 back.

“The last time I heard from them was in July,” Andrea told Eyewitness News. “I haven’t heard anything since. I mean, it’s complete radio silence.”

Jessica LaCour booked her safari in March last year when the Malibu Wines Safari always seemed to be offering refunds. Their website now states that “no refunds can be submitted.”

“I only bought two tickets, luckily. So I only have $ 200 left, ”Jessica says. “That’s no way to run a business – what you’re doing is stealing from people’s pockets.”

Harbison of Malibu Wine Safaris told Eyewitness News by phone that they “fully intend to process refunds”, but it is taking longer than expected. Harbison said he has already processed “thousands” of refunds, but broke his promise to share proof of this and stopped returning calls and emails.

So, are the Semlers too strapped for cash to repay? Records show that Malibu Wine Safaris’ Bucket List Experiences LLC received a $ 630,762 PPP or Paycheck Protection Program loan in April of last year.

Ron Semler’s Saddlerock Ranch has been valued at over $ 12 million, according to Los Angeles County real estate records. This appraisal is well below market value given that the ranch was bought decades ago and Proposition 13 keeps the base value low.

In a civil court case in 2009, Ron Semler said his net worth exceeded “$ 100 million”.

“Do just the right thing,” says Andi McAdams. “Literally that’s all we’re asking, it’s just to do the right thing… you know, it’s been since July. What’s going on ?

Ann Reyes booked a safari in March last year for a bachelorette party in July. She and her friends initially postponed it to August due to the pandemic, but then asked for a refund.

Anne was particularly persistent and eventually received an email promising her a refund. It was in July and so far no refunds.

“There are five of us and it cost me $ 570 in total,” says Ann Reyes.

NOT HIS FIRST BRUSH WITH THE LAW

Decades before Ron Semler entered the ranch wine business, he was making a lot of money in a family business supplying military parts to the government. In 1987, Ron and his brother were charged with illegally selling 87 US helicopters to North Korea, in violation of the Enemy Trade Act. Ron and Barry Semler both pleaded guilty to less serious charges in 1988 as part of a plea deal. Ron was sentenced to three years in federal prison.

Another convicted felon associated with the ranch is animal trainer Rick Nyberg. Nyberg has been listed in various documents as Stanley’s trainer, and Nyberg has held a CDFW “restricted species” permit for the giraffe for some time.

In 2018, Nyberg was charged with three counts of pedophilia. He arguably pleaded one count in a plea deal that required him to register as a sex offender, stay away from the victim, and not own any weapons or ammunition.

In 2019, Nyberg was charged with two counts, including illegal possession of ammunition. He did not plead any challenge to a felony count. Within months, he violated probation after a council led probation officers to Nyberg’s home where they recovered a hunting bow, arrows, hunting knife and sword, according to the district attorney’s office. district of Los Angeles.

Despite the felony conviction, Nyberg is still listed on Ron Semler’s “Emergency Action Plan” as one of those qualified to use a firearm in the event of an animal escape. That plan, dated September 2020, was submitted to Ventura County officials as part of a possible plan to move Stanley to a property near Moorpark College.

Nyberg did not respond to our requests for comment.

WHAT HAPPENS TO STANLEY NOW?

Stanley is in legal limbo at the moment. Because it was “seized on the spot” by the Department of Fisheries and Wildlife, it remains at the Malibu Ranch for the time being.

“This is an unusual case,” said Captain Foy. “I think what will ultimately force the decision to find a new home for the giraffe is to let the criminal cases go.”

Do you have any advice? Email ABC7 Eyewitness News Survey Producer Lisa.Bartley@abc.com

Copyright © 2021 KABC-TV. All rights reserved.


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What small businesses can do to deal with the impacts of COVID-19 https://stratiawire.com/what-small-businesses-can-do-to-deal-with-the-impacts-of-covid-19/ https://stratiawire.com/what-small-businesses-can-do-to-deal-with-the-impacts-of-covid-19/#respond Tue, 23 Mar 2021 05:30:25 +0000 https://stratiawire.com/what-small-businesses-can-do-to-deal-with-the-impacts-of-covid-19/ COVID-19 has taken its toll on the US economy in recent weeks. While it also affects the health of thousands of people, several businesses have faced significant losses after being forced to shut down. “It’s a little overwhelming. Very emotional at times – I’ve been very busy on the business side, which I’m very grateful […]]]>

COVID-19 has taken its toll on the US economy in recent weeks. While it also affects the health of thousands of people, several businesses have faced significant losses after being forced to shut down.

“It’s a little overwhelming. Very emotional at times – I’ve been very busy on the business side, which I’m very grateful for, but I prefer to work,” said Tami Draper, owner of Sensational Hair Salon.

Draper found herself in a situation she never thought she would be in. She had to close her Palm Desert salon to clients and hairdressers who rented space for her.

“If they don’t work, they don’t have the money to pay their rent, which means I don’t have the money to pay my rent. It’s a domino effect,” Draper said.

Now the owner of the salon must wonder where her next income will come from. She, along with so many other small business owners, took the brunt of having a non-essential business during the time the coronavirus wreaked havoc on the U.S. economy.

“I went online on [Small Business Administration] information – all printed, all read, had an emotional breakdown – so overwhelming of what I needed. I called Kim Scanlan, ”Draper said.

Kim Scanlan is the program director of the Coachella Valley Women’s Business Center.

The organization has served as a resource for business owners seeking federal assistance through the Small Business Administration.

Scanlan said there are two main loans directly linked to COVID-19, which companies have been able to apply for. Under the CARES Act, which was enacted on March 27, the federal government allocated $ 376 billion in aid to American workers and small businesses.

“Payroll Protection Plan – this is one that’s going to be a bit more immediate. This will cover the immediate costs of payroll and things like rent and utilities,” Scanlan said.

As of Tuesday, the turnaround time to receive the money was still unknown. Scanlan said the PPP loan would be granted faster than the disaster economic impact loan.

“The EIDL loan is designed to hold things like rent and expenses down while the business is shut down, so that it can reopen when this is all over,” Scanlan said.

Scanlan said the SBA has since streamlined the loan application process. A business plan was previously required for some loans, but this requirement has since disappeared.

Scanlan said the SBA wanted specific information regarding finances. She also said the agency’s credit scores had also gone down slightly.

She urged small business owners to contact the organization to help them go through the application process.

“Please contact us because we are here to help. We are your tax dollars at work. If you don’t think you are going to be a responsible candidate, ask us for help . There are other options, “Scanlan said.

Several other Coachella Valley organizations have offered their support through these difficult times. Below, KESQ has provided a short list of organizations that are ready to help small businesses.

Coachella Valley Economic Partnership, Coachella Valley Women’s Business Center, SCORE Coachella Valley, Small Business Development Center


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Profits soar despite COVID at OakNorth ‘Entrepreneur Bank’ https://stratiawire.com/profits-soar-despite-covid-at-oaknorth-entrepreneur-bank/ https://stratiawire.com/profits-soar-despite-covid-at-oaknorth-entrepreneur-bank/#respond Tue, 23 Mar 2021 05:30:24 +0000 https://stratiawire.com/profits-soar-despite-covid-at-oaknorth-entrepreneur-bank/ Former British Chancellor of the Exchequer Philip Hammon signed last January as an adviser to OakNorth. Photo: Frank Augstein / AP A British banking start-up advised by former Chancellor Philip Hammond saw its profits jump last year despite the COVID-19 pandemic. OakNorth Bank’s annual accounts, released on Monday, showed pre-tax profits rose 18% to £ […]]]>

Former British Chancellor of the Exchequer Philip Hammon signed last January as an adviser to OakNorth. Photo: Frank Augstein / AP

A British banking start-up advised by former Chancellor Philip Hammond saw its profits jump last year despite the COVID-19 pandemic.

OakNorth Bank’s annual accounts, released on Monday, showed pre-tax profits rose 18% to £ 77.6million ($ 107million) last year. The increase came despite a charge of £ 17.4million to cover potential losses from the pandemic.

“My take: we have had a very good 2020,” founder and managing director Rishi Khosla told Yahoo Finance UK.

OakNorth’s operating profit rose 34% to £ 140.1million last year. Deposits rose 15% to £ 2.3 billion. Net lending increased by £ 400m to bring the total loan portfolio to £ 3.5bn.

“Profitability, in my opinion, is just a demonstration that we have a strong business model and that business model continues to prove itself,” Khosla said.

“We’ve always said to ourselves that we build a business so that we can support customers through good times and bad. If you can support customers through the cycle, that’s how you build an incredible reputation. I think. that we absolutely did that last year. “

READ MORE: OakNorth CEO: Parts of UK economy will never return to pre-COVID levels

Founded in 2013 and operational since 2015, OakNorth focuses on what it calls the ‘missing link’ of business banking in the UK: mid-sized and entrepreneurial businesses looking for cash to help them grow. develop. Founder Rishi Khosla has in the past described the company as a bank for entrepreneurs. Typical clients include the healthy fast food chain Leon and Staycity Group, Europe’s leading operator of apartment hotels.

OakNorth claims to use more advanced software than traditional banks and takes a forward-looking view – rather than looking back – of businesses and industries. The bank divides the UK economy into 262 sub-sectors to give it a more “granular” view of performance.

“In something like hospitality, it would range from hospitality to hotels, conference hotels, downtown business hotels, resort hotels,” Khosla said.

OakNorth Bank is part of the larger OakNorth group of companies, which licenses the bank’s proprietary lending software to other institutions around the world. The group raised more than $ 1 billion (£ 720 million) in investments and was valued at $ 2.8 billion in a 2019 funding round led by Japanese firm SoftBank (9984.T ).

Rishi Khosla, co-founder and CEO of OakNorth Bank speaks during an interview with Reuters in his office in central London, UK, October 20, 2016. Photo taken October 20, 2016. REUTERS / Dylan Martinez

Rishi Khosla, Co-Founder and CEO of OakNorth Bank. Photo credit: REUTERS / Dylan Martinez

Last January, OakNorth hired former British Chancellor Philip Hammond as special adviser. Bank chairman Cyrus Ardalan said Hammond’s support had been “invaluable” during the pandemic.

Hammond and the bank’s other special advisers – former regulators Lord Adair Turner and Martin Stewart – helped OakNorth “think” about issues such as liquidity, risk management, and public statements by the Treasury and Bank of America. ‘England, said Khosla.

WATCH: What are PSPCs?

“All of them have gone through many, many cycles and have obviously been close to many of the crises that have occurred over the past two decades,” he said.

OakNorth participated in the government-backed loan program CBIL, but Khosla said Hammond had not lobbied the government or government agencies on behalf of OakNorth.

“We were very clear when we brought it in that we are interested in really having it from a knowledge standpoint,” he said.

READ MORE: Former Chancellor Philip Hammond Joins FinTech Lender OakNorth

OakNorth tested its loan portfolio when the pandemic hit last year and repeated the process throughout the year. The bank ended up taking a charge of £ 17.4million to cover potential losses. Khosla said the provision was based on modeling that was “significantly worse than the Bank of England scenario”.

In total, OakNorth has now set aside £ 32million to cover possible bad debts – almost triple the size of its provisions at the end of 2019. Stage three loans – the last stage before default – have risen sharply over the past year, signifying the increasing likelihood that action can be taken.

OakNorth has loaned over £ 5bn to date but has yet to suffer a loss on a loan. The track record has come under scrutiny in recent months after the Financial Times reported OakNorth had suffered £ 100million in default since its inception.

“By definition, having gone through five and a half years without having any loan write-offs, I think that’s phenomenal,” Khosla said. “Do I think we’ll continue this for the next five and a half years? Absolutely not. It’s totally unrealistic. Are we going to have loan write-offs? Of course we are.

“However, do I think we’re going to continue to have loan write-offs that are significantly below industry standards and therefore perform well in the top decile of banks in the world? Yes.”

Defaults to date covered 10 loans, six of which have been fully recovered. Four remain unresolved and OakNorth has taken a charge of £ 5million on its account to cover potential losses on those loans.

Khosla said OakNorth started 2021 in a “very strong” position and was optimistic about the outlook for the next 12 months. He wrote in the accounts that 2020 marked the end of “Season 1” for OakNorth. Season two was “fundamentally about changing the business,” he said.

President Cyrus Ardalan said the bank “exceeded my expectations” in 2020 by “helping protect the livelihoods of thousands of people, grew its deposit customer base to more than 170,000 and maintained its exemplary track record of zero loan cancellations “.

WATCH: What are negative interest rates?


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Blue Jays named football star https://stratiawire.com/blue-jays-named-football-star/ https://stratiawire.com/blue-jays-named-football-star/#respond Tue, 23 Mar 2021 05:30:24 +0000 https://stratiawire.com/blue-jays-named-football-star/ The Western Conference All-Round Football Awards were announced Monday with 46 players taking WDA honors. Bismarck Century’s Cade Feeney and coach Ron Wingenbach were named the conference senior athlete and coach of the year, respectively. Hilgemann, a junior receiver, was named to the offensive team, leading the conference with 43 receptions for 825 yards and […]]]>

The Western Conference All-Round Football Awards were announced Monday with 46 players taking WDA honors. Bismarck Century’s Cade Feeney and coach Ron Wingenbach were named the conference senior athlete and coach of the year, respectively.

Hilgemann, a junior receiver, was named to the offensive team, leading the conference with 43 receptions for 825 yards and nine receiving touchdowns. Falk, a senior quarterback, was also selected all offensive, leading the West with 1,762 passing yards and 12 passing touchdowns, while rushing for 96 yards and five other scores.

Jamestown’s Tommy Falk (4) has time in the backfield to throw the ball against a Minot defense on Friday at Ernie Gates Field. John M. Steiner / The Sun

Hilgemann also rushed for a touchdown and led the Blue Jays with three interceptions for 91 yards and one score as a defensive back. The Blue Jays ended the class AAA football season at 2-7 with wins over Fargo North and Dickinson.

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Anderson, a junior lineman, was named to the all-defensive team, totaling 21 tackles – three for lost yards – a sack and a forced fumble.

Frey, a senior linebacker, and Levin, a junior winger / line, were named honorable mention of the entire conference. Frey had 23 tackles, one sack and one fumble recovery in 2019, while Levin produced 49 tackles, 12 loss tackles, one sack and one fumble recovery.

Fully WDA offense

Jamestown – Tommy Falk, Sr., QB; Jacob Hilgemann, Jr., WR.

Bismarck High: Isaiah Huus, So., RB; Brady Bauman, Jr., OL; Caleb Dockter, Jr., OL; Nick Hinsz, Sr., WR; Jack Steckler, Jr., WR.

Bismarck Century: Cade Feeney, Sr., QB; Cade Garcia, Jr., RB; Grant Anderson, Sr., RB; Lucas Schweigert, So., OL; Andrew Leingang, Jr., OL; Konnor Stordalen, Sr., OL; Skyler Reidinger, Sr., WR.

Bismarck Legacy: Rhett Clements, Sr., QB; Ben Marowf, Sr., RB; Lyric Hoffman, Jr., RB; Josh Haag, Sr., OL; Keagen Woodbury, Jr., WR.

Dickinson: Troy Berg, So., RB; Peyton Hanson, Sr., OL; Jaiden Wright, Sr., WR.

Mandan: Dane Carlson, Sr., QB; Austin Frey, Sr., RB; Jaxon Duttenhefer, Jr., OL; Elijah Klein, Sr., WR; Kobe Poitra, Sr., TE.

Minot High: Jaxon Gunville, Sr., QB; Payton Philion, Sr., RB; Preston Olson; Sr., OL; Dylan Vigestad, Sr., OL.

100% WDA Defense

Jamestown: Matt Anderson, Jr., DL.

Bismarck High: Jack Steckler, Jr., DL; Tyce Halter, Sr., DL; Thomas Colby, Sr., LB; Jared Hager, Sr., LB; Nick Hinsz, DB.

Bismarck Century: Lucas Schweigert, So., DL; Andrew Leingang, Jr., DL; Konnor Stordalen, Sr., DL; Damon Dixon, Sr., LB; Cade Feeney, Sr., DB; Cody Sorenson, Sr., DB; Skyler Reidinger, Sr., DB.

Bismarck Legacy: Josh Haag, Sr., DL; Lyric Hoffman, Jr., LB; Ben Marowf, Sr., LB; Rhett Clements, Sr., DB; Keagen Woodbury, Jr., DB.

Dickinson: Peyton Hanson, Sr., DL; Troy Berg, So., LB; Jaiden Wright, Sr., DB.

Mandan: Jaxon Duttenhefer, Jr., DL; Kobe Poitra, Sr., DL; James Barnhardt, Jr., LB; Austin Frey, Sr., DB; Will Kleinknecht, Sr., DB.

Minot High: Preston Olson; Sr., DL; Dylan Vigestad, Sr., DL; Derry Lentz, Sr., LB; Johnny Butz, Sr., DB.

Williston: Connor Murphy, Sr., DL; Denver Sheets, Sr., LB; Caleb Doeden, Sr., LB.

100% WDA Special Teams

Bismarck Century: Cade Feeney, Sr., P.

Bismarck High: Mason Stotz, Sr., PK.

Bismarck Legacy: TJ Seidel, Jr., PL.

Mandan: Austin Frey, Sr., Ret.

Honorable mention All-WDA

Jamestown: Lawson Frey, Sr.; Keith Levin, Jr.; Bismarck High School: Kade Rohlfs, father; Jeb Herschlip, father; Bismarck Century: Griffin Jensen, Sr.; Jace Anderson, father; Bismarck Legacy: Nick Kupfer, Jr; Max Barrett; Jr.; Dickinson: Alex Praus, father; Luke Mavity, therefore .; Mandan: Aaron Riopelle, father; Danek Vega, Sr .; Minot High: Asher Woods, Jr.; Chase Burke, Jr.; Williston: Rowdy Zealley, Sr.; Camdin Miller, Sr.

Special senior recognition: Caleb Doeden, Williston; Austin Frey, Mandan; Thomas Colby, Bismarck High School; Cade Feeney, century Bismarck; Rhett Clements, Bismarck Legacy; Peyton Hanson, Dickinson; Tommy Falk, Jamestown.

Senior Athlete of the Year in the Western Region: Cade Feeney, Bismarck Century.

Western Region Coach of the Year: Ron Wingenbach, Bismarck Century.


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White House slammed for sending messages about when children should return to classrooms https://stratiawire.com/white-house-slammed-for-sending-messages-about-when-children-should-return-to-classrooms/ https://stratiawire.com/white-house-slammed-for-sending-messages-about-when-children-should-return-to-classrooms/#respond Tue, 23 Mar 2021 05:30:22 +0000 https://stratiawire.com/white-house-slammed-for-sending-messages-about-when-children-should-return-to-classrooms/ WASHINGTON (NEXSTAR) – Back-to-school debate brews in Washington as lawmakers and the White House vote on when children should return to class after being sent home last year at the start of the pandemic of coronavirus. House Speaker Nancy Pelosi, D-Calif., Said this week Democrats want children to be in school. The Speaker of the […]]]>

WASHINGTON (NEXSTAR) – Back-to-school debate brews in Washington as lawmakers and the White House vote on when children should return to class after being sent home last year at the start of the pandemic of coronavirus.

House Speaker Nancy Pelosi, D-Calif., Said this week Democrats want children to be in school. The Speaker of the House also said she wants everyone to be vaccinated, but whether or not this is necessary will depend on the location.

“Teachers should be vaccinated – I don’t know if they need to be vaccinated before entering,” she said.

The White House continued to be criticized for not giving a direct answer to this question. Vice President Kamala Harris said in an interview with NBC, “We want them to go back to school” and President Joe Biden said, “We should move them up the ranks as well.”

The president told CNN this week that his goal is to open most elementary schools five days a week. This conflicts with his own press secretary, who said schools would be considered “open” if they only run classes one day a week.

Press secretary Jen Psaki clarified this on Thursday.

“The president has pledged to reopen schools five days a week as quickly as possible,” she said.

But Republicans like Florida Senator Marco Rubio say they still don’t know the president’s position. Rubio tweeted a video of White House staff avoid the question. The video ended with the message “Stop dodging.” Send the children back to school.

President Pelosi has said there will be a vote on the next coronavirus relief program by the end of next week. She says that will include $ 130 billion for the reopening of K-12 schools.



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How to accelerate DevOps cycles and put customers first https://stratiawire.com/how-to-accelerate-devops-cycles-and-put-customers-first/ https://stratiawire.com/how-to-accelerate-devops-cycles-and-put-customers-first/#respond Tue, 23 Mar 2021 05:30:22 +0000 https://stratiawire.com/how-to-accelerate-devops-cycles-and-put-customers-first/ getty Conclusion: Prioritizing DevOps by simplifying the orchestration of workflows removes the barriers that prevent more applications and services from developing and putting into production. Contactless transactions on mobile devices, digital purchases and services, and the flexibility to customize everything from new shoes to a new car on the phone, all exist thanks to DevOps […]]]>

Conclusion: Prioritizing DevOps by simplifying the orchestration of workflows removes the barriers that prevent more applications and services from developing and putting into production.

Contactless transactions on mobile devices, digital purchases and services, and the flexibility to customize everything from new shoes to a new car on the phone, all exist thanks to DevOps teams building new apps this year. There is an overwhelming demand for new apps that protect customers and combine AI-powered analytics and insights as every business wants to be digitally enabled more.

The high price of workflow obstacles

A typical DevOps team in a company over $ 500 million has over 200 concurrent projects underway, over 70% of which are dedicated to backing up and improving the customer experience. Legacy systems that aren’t integrated, lack workflow automation and non-SDLC security are just three of the many hurdles DevOps teams face in getting applications and services out and into production. in right time. The following data points indicate how much these obstacles are slowing DevOps today:

  • DevOps teams pay a heavy price for the lack of orchestration of workflows, the delivery dates being the most impacted by the lack of coordination. 67% of enterprise IT managers say the lack of application workflow orchestration results in services not being completed on time for the business. More than half, 55%, say the lack of orchestration wastes valuable time on strategic initiatives. These conclusions are drawn from the recent study by Forrester Consulting, Face the gap in workflow automation. Executives who don’t face the reality of their automation gaps are failing their businesses. In short, DevOps teams can operate as efficiently as possible, but lack of application workflow orchestration results in missed deadlines and customer delivery dates.

  • 86% of enterprise IT managers know that their current approach to DevOps needs to be improved to stay responsive to customer needs and the speed with which their markets are changing. Forrester found that nearly every IT manager in an enterprise knows they need to improve the IT initiatives that are central to their business’ ability to stay competitive, retain customers, and grow. Simplifying workflows to remove roadblocks would directly contribute to each of the five priorities below:

Workflow orchestration pays off in DevOps

DevOps is proven to deliver value by speeding development cycles and getting code done faster and with better quality. In the latest Puppet 2019 State of DevOps report, 83% of developers say they’re releasing code faster and more often today than ever, thanks to DevOps. Almost 35% say the code is published twice as fast, while almost 25% say it is now published ten times faster. Other DevOps teams say they’re not sure how quickly they release code, but they’re all seeing improvements.

The evolution of DevOps is at the heart of the speed increases that development teams are seeing. Incorporating application workflow orchestration into Stage 0 enables DevOps teams to deliver increased scalability, speed and responsiveness, as evidenced by the Five Stages of DevOps Evolution from the latest DevOps survey by Puppet:

Tampa General Hospital Results

During the BMC Exchange virtual event, a session showed how the Tampa General Hospital DevOps team made the bold decision to integrate workflow orchestration directly into the SDLC process to accelerate application development and services to move to production. They chose BMC’s Control-M application workflow orchestration solution. The DevOps team addressed a backlog of applications and services designed to improve navigation and collaboration in patient care between clinical departments and hospitals in the Tampa Bay area. Hospitals are not on the same network and often compete with each other. BMC’s Control-M integrated disparate data from disparate hospital systems that had never collaborated before, reaching a new level of automated and orchestrated response to patient needs. Today, every hospital can provide its leaders with more real-time access to the data they need to run the hospital to provide effective care in the midst of a pandemic.

Here are the results obtained so far:

  • Navigation in patient care and collaboration between clinical departments improves because there is less waiting time for clinical data to be shared between departments in the hospital.
  • Senior management gets the clinical data and reports they need half a day earlier than ever before, giving them greater visibility and control over hospital operations.
  • Tampa General Hospital also uses Control-M for several critical dashboards that provide a near real-time view of test results, patient condition, personal protective equipment (PPE) and patient health. intensive care capacity. These dashboards also allow the hospital to forecast hospital resources and provide “what-if” analyzes used to anticipate the impact of PPE.
  • By integrating application workflow orchestration into its DevOps toolchain, Tampa General Hospital can remain patient and customer centric while accelerating DevOps cycles. The hospital’s DevOps team has simplified the scale of data pipelines and can now manage workflows in hybrid and multi-cloud environments and simplify the process of automated business application delivery. The following graphic is a conceptual diagram of how the hospital was able to accomplish this with Control-M:

Conclusion

DevOps needs to integrate application workflow orchestration at the SDLC level to see the benefits Tampa General Hospital, Hershey’s, and others are getting today. Having spent much of my career in DevOps related roles, I can see the immediate benefits of integrating application data workflows on overall project progress and streamlining data pipelines. The more complete the orchestration built into DevOps, the greater the improvement in release cycle times. Comparing release cycles based on legacy development tools versus workflow orchestration contributions to DevOps can conservatively improve application and service cycle times by 3 times, based on my product management execution experiences for a large cloud service provider.

There is another important benefit to integrating orchestration instrumentation from the start in the SDLC. When an application or service is deployed to production, it already includes orchestration as code in the DevOps automation toolchain. It goes through the same process as business logic code and infrastructure as code. DevOps teams have eliminated the manual conversion process and unplanned tweaks when the application or service is pushed into production in the process.

For any workflow orchestration to be successful in DevOps, it must deliver applications to market faster, reduce costs, eliminate risk, have state-of-the-art integration, including LDAP, and eliminate manual and time-consuming. BMC Control-M meets all these requirements based on the results obtained.


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Ben Godfrey praised 21-year-old Everton “exceptional” https://stratiawire.com/ben-godfrey-praised-21-year-old-everton-exceptional/ https://stratiawire.com/ben-godfrey-praised-21-year-old-everton-exceptional/#respond Tue, 23 Mar 2021 05:30:03 +0000 https://stratiawire.com/ben-godfrey-praised-21-year-old-everton-exceptional/ Everton defender Ben Godfrey has praised teammate Joao Virginia. Virginia, 21, is a young goaltender who recently gained a few minutes in the first team due to injuries to Jordan Pickford and Robin Olsen. The young Portuguese started this weekend’s FA Cup loss to Manchester City, but came away with a solid reputation despite a […]]]>

Everton defender Ben Godfrey has praised teammate Joao Virginia.

Virginia, 21, is a young goaltender who recently gained a few minutes in the first team due to injuries to Jordan Pickford and Robin Olsen.

The young Portuguese started this weekend’s FA Cup loss to Manchester City, but came away with a solid reputation despite a 2-0 defeat.

Unfortunately, he couldn’t do much on the two goals he conceded.

But the Portuguese shooter made some brilliant saves, including one from Raheem Sterling in the second half.

England vs Croatia Vlog Match Day

Godfrey delivered a glowing verdict on Virginia of Everton, who he says still impresses in training.

“I was very impressed with his performance,” said Godfrey, as quoted by the club’s official website.

“He works hard every day in training. Some of the saves he made to keep us in the game [against Man City] were exceptional.

“I’m over the moon for him and, as long as he continues to work hard and try to improve himself, there will be many more appearances to come.”

(Photo by Peter Powell – Pool / Getty Images)

Everton’s goalkeeper position is certainly interesting, as coach Carlo Ancelotti has occasionally changed despite having officially declared Pickford to be his number one.

Sweden international Olsen is a great replacement option, but he’s only on loan for the remainder of the season at Goodison Park by Roma.

It looks like the Merseyside team may not need to go to the market to sign a second-choice keeper.

Up-and-coming talent Virginia has seemed a constant presence in Everton’s net, although he hasn’t had much top-level exposure, but promoting him to Pickford’s understudy might be a natural decision.

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