long term – David Hemmings Bird Photography http://davidhemmingsbirdphotography.com/ Sat, 12 Mar 2022 13:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://davidhemmingsbirdphotography.com/wp-content/uploads/2021/06/icon-2021-06-25T155134.587.png long term – David Hemmings Bird Photography http://davidhemmingsbirdphotography.com/ 32 32 Student Loan Cancellation Doesn’t Mean What You Think It Means https://davidhemmingsbirdphotography.com/student-loan-cancellation-doesnt-mean-what-you-think-it-means/ Sat, 12 Mar 2022 13:30:00 +0000 https://davidhemmingsbirdphotography.com/student-loan-cancellation-doesnt-mean-what-you-think-it-means/ President Joe Biden (Photo by Jim WATSON/AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Canceling a student loan doesn’t mean what you think it means. Here’s what you need to know. Student loans Will President Joe Biden Forgive Your Student Loans? White House Chief of Staff Ron Klain said Biden could […]]]>

Canceling a student loan doesn’t mean what you think it means.

Here’s what you need to know.

Student loans

Will President Joe Biden Forgive Your Student Loans? White House Chief of Staff Ron Klain said Biden could make a decision on whether to cancel the student loan before student loan payments restart on May 1, 2022, or Biden could extend the student loan payment pause. student loan. It’s possible that this year Biden could both cancel student loans and extend the student loan payment break. It would be a double win for student borrowers seeking major student loan relief in the wake of the Covid-19 pandemic.

However, canceling a student loan may not mean what you think it means. (6 major changes to student loan relief). For example, there is no universal definition for “cancellation of a student loan”. This can confuse student borrowers, especially if you expect your student loans to be forgiven. Here’s how it could impact your student loans.

(Biden to Forgive $6.2 Billion in Student Loans)

1. Private student loans will not be canceled

Sen. Bernie Sanders (I-VT) has offered to forgive all of the $1.7 trillion student loan debt. This includes all private and federal student loans. However, if there is large-scale student loan forgiveness, it would only be for federal student loans that belong to the US Department of Education. Private student loans are owned by financial institutions such as banks as well as investors. Since these companies make money from interest payments, they do not plan to cancel your private student loans. Nor can the federal government force these institutions to cancel their student loan debt. Therefore, if you have private student loan debt, do not expect student loan forgiveness.

(Student loan cancellation reduced to $25,000 for student loan borrowers with a new application)


2. Only federal student loans held by the government would be canceled

When it comes to canceling a student loan, it’s important to read the fine print. This includes the types of federal student loans that would be forgiven. Only federal student loans held by the federal government would likely be forgiven. For example, this includes direct loans. However, FFELP loans are mainly held by financial institutions and third-party investors. FFELP loans are guaranteed by the federal government, but were issued by banks prior to 2010. Since the federal government generally does not own these student loans, they are unlikely to be forgiven. Similarly, Perkins loans are issued by colleges and universities. They too will not be eligible for federal student loan forgiveness.

(3 ways to get student loan forgiveness now)


3. Student loan cancellation will not be available to everyone

Even if you have government-held federal student loans, over 40 million student borrowers are unlikely to qualify for student loan forgiveness. Expect there to be limits on who is eligible. For example, the most likely limitation is income. Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) have proposed that federal student loan forgiveness be limited to student borrowers earning up to $125,000. It is possible that Congress or the President will set an even lower income threshold. For example, the Covid-19 pandemic stimulus checks had an income threshold of $75,000. It is also possible that student loan forgiveness will be targeted at student borrowers who are in default or in default.

(What to do if you don’t qualify for student loan forgiveness)


4. Student Loan Forgiveness Isn’t Free

Canceling student loans would be a big win for student borrowers. With zero student debt, student borrowers could save for retirement, build their financial future, and buy a home. However, this does not mean that student loan cancellation is free. Although student borrowers would benefit, there are still substantial costs to the federal government. If there is $50,000 in student loan forgiveness for borrowers, the cost could be $1 trillion. If there is $10,000 in student loan forgiveness, the cost could be less than $400 million. In either case, the federal government would absorb these losses. Why? The federal government would not be able to collect principal or interest on these student loans.

(Where Biden stands on student loan relief)


5. Canceling the student loan does not solve the cost of higher education

It’s no secret that the cost of higher education is the underlying issue for many Americans. Student loan forgiveness, if passed, would be a one-time mechanism to erase student loan debt from current student borrowers. If you are a current student borrower, “Student Loan Cancellation Day” would be a day to remember. If you borrow student loans the day after “student loan cancellation day”, that day will also be memorable, but for the wrong reasons. Student borrowers will continue to borrow student loans, but they will not benefit from any future student loan forgiveness. Congress should provide a long-term solution to the cost of higher education that helps current and future generations and their families.

It is important to understand what student loan forgiveness means and if you qualify. Importantly, student loan relief is scheduled to end on May 1, 2022. This means federal student loan payments will resume unless Biden extends the student loan payment pause. It is best to plan for the restart of student loan repayments so that you are fully prepared. This means learning all of your student loan repayment options.

Here are some smart options for paying off student debt:


Student Loans: Related Reading

Biden to Forgive $6.2 Billion in Student Loans

Biden could extend student loan payment break again

6 Major Changes to Student Loan Forgiveness

Student loan refinance rates have gotten ridiculously low

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Vedale Hill, a local artist, is among the winners of Milwaukee Magazine’s 2022 Unity Awards | WUWM 89.7 FM https://davidhemmingsbirdphotography.com/vedale-hill-a-local-artist-is-among-the-winners-of-milwaukee-magazines-2022-unity-awards-wuwm-89-7-fm/ Wed, 09 Feb 2022 21:45:00 +0000 https://davidhemmingsbirdphotography.com/vedale-hill-a-local-artist-is-among-the-winners-of-milwaukee-magazines-2022-unity-awards-wuwm-89-7-fm/ This month, Milwaukee Magazine features the winners of their 2022 Unity Awards, spotlighting the people and organizations that make Milwaukee a better place. One of the featured people is Milwaukee-based artist Vedale Hill. You may have seen his Black Lives Matter mural at the intersection of West Locust Street and North Martin Luther King Junior […]]]>

This month, Milwaukee Magazine features the winners of their 2022 Unity Awards, spotlighting the people and organizations that make Milwaukee a better place.

One of the featured people is Milwaukee-based artist Vedale Hill. You may have seen his Black Lives Matter mural at the intersection of West Locust Street and North Martin Luther King Junior Drive. He also worked with students and SHARP Literacy to create the “Helping Hands” mural at North Martin Luther King Junior Drive and West Garfield Avenue.

In addition to community art, Hill focuses on improving Milwaukee’s Bronzeville neighborhood. He and his brother founded Jazale’s Art Studio, a community-based non-profit art education studio for young people. He also co-founded HomeWorks Bronzeville, a cultural development project that uses the arts to sustainably renew the community of artists and current residents.

Growing up, Hill saw art as a way to support herself financially. “I consider my early days the best of the worst. We didn’t have the best systems in the schools,” Hill says. “My journey began out of necessity. I was fine with [art]. I love doing it, but I took it seriously once I started to realize it could help me financially.”

Hill names his handyman Uncle Richard and his college drawing and painting teacher for influencing his work. But the main motivation for taking her job seriously comes from her daughter, Jazale.

Hill beams, “My daughter, her birth, really pushed me to take it seriously when it came to career pathing. When it came to how I wanted to be seen, how I wanted to be absorbed into this world, it would be through her eyes. I didn’t want to make huge mistakes, but I wanted to be honest.

While Hill has an art background from MIAD, Hill notes that he has a “street education” which helps him in his work with the community. For him, growing up in Bronzeville and understanding the turmoil of his community is important to understand the problems encountered on a daily basis.

He recognizes that many young men like him in the community are struggling. Hill says they need to know that the options to become an artist are tangible and possible. “I stick to my community first because we are often seen as last in resource laws. We are in food deserts. Education has deteriorated over the years. And that’s where I’m leading. So that’s where I’m going to go,” Hill says.

It was because of this need for space that he and his brother decided to found Jazale’s in 2012. Hill was already doing commissions and contracts for the Boys & Girls Club and the YMCA. While working in these organizations, he found that the money invested in the programs was not delivering quality lessons. Often the programs were meant to fill an important need in arts education. Instead, he often saw nearly entire school population budgets earmarked for a few classrooms.

Vedale Hill and his brother knew they could interact more effectively with the community. “We started writing our own grants, creating our own programs, reaching out to these families on our own,” says Hill. The two made it a priority never to take funds that would mean quantity over quality.

Working in the community he grew up in was amazing and challenging, Hill says. For example, seeing his community ignore problems or being ignored, he has seen young people die or go to jail. Moreover, he has seen countless spaces crumble after he and his team have taken over – not only have they crumbled physically, but energy and momentum as well.

Hill adds that it was devastating for children who fall in love with the program to see it suddenly out of reach of transportation. “We had no say in how long [students] could be [at work spaces] if we owned nothing,” Hill says.

Because of this need, Hill helped fund HomeWorks Bronzeville. “So we started to look at home ownership and workspace as a way to create a platform for young artists to not only thrive as individuals, but also to create a community. long-term,” says Hill.

Hill says he wouldn’t change anything about what got him to where he is now, and although he’s never seen himself teaching in a classroom, he loves the work he does. “Hopefully in 100, 200, 500 years they read about Vedale Hill. And they use not only my art but also my life as something that should be viewed in a positive light. I absolutely didn’t see that I was going to be who I am, but I love it,” Hill says.

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DVIDS – News – Fort Campbell AER aims to raise $200,000 through annual campaign https://davidhemmingsbirdphotography.com/dvids-news-fort-campbell-aer-aims-to-raise-200000-through-annual-campaign/ Tue, 08 Feb 2022 22:03:00 +0000 https://davidhemmingsbirdphotography.com/dvids-news-fort-campbell-aer-aims-to-raise-200000-through-annual-campaign/ FORT CAMPBELL, Ky. – Army Emergency Relief Funds have helped soldiers and families overcome financial hardship for 80 years, and Fort Campbell is seeking to raise $200,000 to support the nonprofit mission during this year’s AER annual campaign. The installation hosted an AER launch ceremony Feb. 1 at division headquarters, and the contribution window for […]]]>

FORT CAMPBELL, Ky. – Army Emergency Relief Funds have helped soldiers and families overcome financial hardship for 80 years, and Fort Campbell is seeking to raise $200,000 to support the nonprofit mission during this year’s AER annual campaign.

The installation hosted an AER launch ceremony Feb. 1 at division headquarters, and the contribution window for soldiers and civilians will be open March 1 through May 13.

Zero-interest loans and grants distributed by AER help cover necessary expenses, from rent and utilities to food and vehicle repairs, and the program also provides scholarships.

While fundraising for these resources is an important part of the AER campaign, the top priority is making sure soldiers and families know they can access them.

“The AER campaign is primarily an information campaign,” said retired Lieutenant General Raymond Mason, AER headquarters director. “What keeps me awake at night is (the idea that) a soldier is in trouble and we don’t know it. We need to share this information again and again.

Command Sergeant Major Joseph Harbour, senior enlisted adviser in the garrison, said he has seen the impact of the EAR first-hand through his work with soldiers across the division.

“EAR is an essential lifeline when soldiers and families need it most,” he said. “And getting help through AER can be the difference between a short-term financial setback or a long-term, costly financial obligation.”

Harbor said the facility’s AER program approved more than 1,100 requests for assistance in 2021 and disbursed more than $1.9 million in loans and grants.

Because these loans and grants are zero-interest, soldiers and families are encouraged to make ARE their first choice for financial support.

“Fifty percent of our soldiers used payday loans,” Mason said. “And the reason for that is the stigma attached to finances. They don’t want anyone to know they’re in trouble. AER’s message is: don’t walk out the door, come to us.

Mason said choosing EAR helps soldiers avoid the high interest rates associated with payday loans and improves mission readiness.

“If they’re distracted by finances – can’t fix their car, can’t pay their rent, can’t put food on the table – they’re probably not focused on their MOS training,” he said. -he declares. “They’re not focused on their unity mission, and if we send them into battle, they’re potentially a danger to themselves and their buddies to their left and right.”

AER financial advisors are also dedicated to working with these soldiers so they can take charge of their money and avoid future emergencies.

“That combination of helping this soldier get out of the predicament he’s in and then following financial advice is absolutely critical,” Mason said. “Resilience is what it’s all about.”

The Screaming Eagles play an important role in making sure these services are available to their fellow soldiers, and Mason said AER’s goal is to keep them informed about what the program offers to encourage donations.

“Once you tell a soldier about it, they know about it and can decide to donate,” he said. “Our credo is ‘leave no comrade behind’. Most people think it’s the battlefield…but that’s also true here at home.

EAR has become even more valuable to soldiers and families amid the COVID-19 pandemic, said Terrence Jones, financial readiness program manager at Fort Campbell Army Community Service.

The AER program recently expanded its eligible expenses to cover costs associated with the pandemic, such as transportation and remote learning support. Jones said local participation in the program has increased significantly over the past 18 months.

“I hope to see more participation and support throughout the installation from the leaders and soldiers of this campaign cycle,” Jones said in a January interview with the Fort Campbell Courier. “People need this fund for things like unpaid rent, car repairs and emergency leave, so it’s important to have this fund and soldiers helping each other.” This prevents them from quitting their job to apply for these high interest rate loans. »

Harbor said unit leaders are a driving force for the installation’s AER contributions each year and asked them to make discussing the program with their Soldiers a priority.

“First we have to educate our soldiers,” he said. “Use the ARE as a tool to support unit readiness; making the EAR the first choice when soldiers need financial assistance…the bottom line is that when we take care of our soldiers at home, our units can stay focused on their training and our army will be ready to fight and win our nation’s wars.

Soldiers and civilians can contribute to the ARE at https://www.armyemergencyrelief.org from March 1 through May 13 by setting up a one-time payment or monthly donation. Service members can also set up donations through their unit leaders.

For more information, call Army Community Service-Financial Readiness Program at 270-798-5518. Services are located at 1501 William C. Lee Road.







Date taken: 02.04.2022
Date posted: 02.08.2022 17:03
Story ID: 414300
Site: FORT CAMPBELL, KY, USA





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Valley News – Traveling nurses have been essential during the pandemic – but at a cost https://davidhemmingsbirdphotography.com/valley-news-traveling-nurses-have-been-essential-during-the-pandemic-but-at-a-cost/ Sun, 06 Feb 2022 03:08:50 +0000 https://davidhemmingsbirdphotography.com/valley-news-traveling-nurses-have-been-essential-during-the-pandemic-but-at-a-cost/ Editor’s Note: This story was first published on New Hampshire Bulletin. Nurse Nick Caruso has worked in eight hospitals during the pandemic and, hands down, the Dartmouth-Hitchcock Medical Center in Lebanon is his favourite. He enjoys the camaraderie and support among staff and says this is his first hospital to use personal protective equipment correctly. […]]]>

Editor’s Note: This story was first published on New Hampshire Bulletin.

Nurse Nick Caruso has worked in eight hospitals during the pandemic and, hands down, the Dartmouth-Hitchcock Medical Center in Lebanon is his favourite. He enjoys the camaraderie and support among staff and says this is his first hospital to use personal protective equipment correctly.

However, he will not stay.

Caruso is one of thousands of short-term travel nurses who have helped New Hampshire hospitals and long-term care facilities keep beds open during a time of unprecedented staffing shortages and record admissions. . It is a solution that has a cost.

Traveling nurses are expensive, with recruiting agencies charging $200 to $300 an hour to recruit applicants, and nurses earning two to three times what nurses earn. These lucrative pay rates combined with the exhaustion, stress and drudgery of the job attracted nurses. And a traveller’s typical 13-week contract means hospitals are constantly training new arrivals.

But throughout the pandemic, travel nurses have been essential.

Before the pandemic, Wentworth-Douglass Hospital in Dover, NH, which has 500 to 600 nurses, typically had about 25 travel nurses on staff. Today there are 120, said Sheila Wooley, head nurse.

Manchester Catholic Medical Center has grown from 10 travel nurses to 50 during the pandemic to cover day and night shifts and a variety of positions, said Associate Chief Nursing Officer Jennifer Torosian. The need fluctuates as COVID-19 surges bring in more patients and leave more staff infected and quarantined at home.

Hospital leaders expect demand to continue even as they try to retain burnt-out staff with bonuses and other incentives.

The Office for Professional Licensure and Certification received 22,000 applications for emergency licenses after the pandemic, a requirement for traveling nurses to work in the state. Citing the desperate need for healthcare personnel, Gov. Chris Sununu issued an executive order in November that gave the office additional staff and funds to process applications more quickly.

Nationally, nursing vacancies have increased 70% since December 2020, said Dr. Amy Matthews, chief nursing officer and vice president of patient care services at Cheshire Medical Center in Keene, NH. with recruiting agencies demanding high rates, which she noted is not the rate paid to nurses, she competed for hires.

“I would talk to all of my new managers and directors and say, ‘If you see a good resume, call them within the hour and be ready to make the offer at the time of the interview,'” she said. said “Because if you don’t, those quality travelers will go somewhere else.”

Financial motivations

For Caruso, 26, from North Carolina, COVID-19 kicked off her plan to try travel nursing. He left his post at the start of the pandemic for a short-term contract in New York. The chance to travel wasn’t the only motivation, he says.

As hospitals have lost staff, the remaining nursing staff have had to take on more tasks and been denied vacations – even as the pandemic has made the job harder and more stressful. Until hospitals improve the conditions, salaries and benefits of their nurses, they will continue to depend on traveling nurses, Caruso said.

“I’ve had racist patients (and) patients who spit on you,” he said. “If I’m going to do this job and I can stay somewhere and make money or I can travel and make four times as much money, why wouldn’t I travel?”

Caruso also understands the financial pressure this places on hospitals.

“Some of the pay rates are astronomical,” he said. “And I’ll be honest, they’re not durable. Pre-COVID rates were also not sustainable.

At a job site this week, 13-week nursing positions in Lancaster, NH, and Keene offered about $4,000 a week. A respiratory therapist position in Manchester was advertised at $3,700 per week. This figure, however, includes not only salaries, but also allowances for housing and meals. In addition, traveling nurses continue to pay their rent or their mortgage at home.

The money also prompted Haydee Diaz, from South Carolina, to quit her job at the hospital and go on her first travel assignment to Cheshire Medical Center. When her husband’s cancer progressed enough that his oncologist recommended that she temporarily stop working, she turned to traveling nursing out of financial necessity.

“There’s no way I could keep up with all of our utilities at home and pay for his medications with what I made in South Carolina, even though I could work every day,” she said. “I expressed in my resignation letter that I love my job. But during this three-month period, I will earn what I would earn for the whole year at home.

Meanwhile, the hospital she left uses traveling nurses to fill vacancies, at salaries much higher than what she was earning.
“It was like a vicious cycle,” Diaz said. “I don’t know how they could get out of this rut.”

Matthews is understanding when a nurse leaves for a travel contract. She lets them know that they are always welcome.

“Maybe they have student loans. They may be young careerists who are not tied to a school system or a place,” she said. “We have nurses who say, ‘Hey, I’m pretty happy here, but I can’t refuse this amount of money because in a short period of time I can get a down payment on my house. I can repay student loans. And there’s very little risk because everyone knows everyone needs nurses.

Diaz, who provides patient care on the medical/surgical floor of the hospital, worried about the reception she would receive from staff nurses who earn less and do the same job. She hoped they would feel like she did in South Carolina when a traveling nurse arrived.

“Man, it’s not fair, but this girl is nice and thank goodness she’s here to help relieve the stress of being shorthanded,” Diaz said. “They are there to help us catch up.”

The same scenario has happened here: as nurses leave for higher travel salaries and hospitals depend on traveling nurses, demand – and the prices charged by recruitment agencies – increases.

“It’s kind of perpetuated over the last two years,” Wooley said.

US Representatives Annie Kuster and Chris Pappas signed a January letter asking the White House to investigate whether recruiting agencies, which they say are raising rates three times pre-pandemic levels and retaining 40% for profit, violate consumer protection.

“My primary concern is to ensure patient access to care and fair treatment for our nation’s healthcare workers,” Kuster said in a statement. She said conversations with hospital executives prompted her to investigate ‘anti-competitive activity by nursing services that have increased their costs during their recent bottom line increase, underpaying the nurses they employ. and overcharging the hospitals they serve”.

Look forward

Matthews believes that at this point in the pandemic, travel nursing is less of a threat to staff retention and recruitment than the fatigue and moral distress of being so exhausted that it becomes impossible to provide the level of appropriate patient care.

Workforce development is essential, she said. In New Hampshire, nursing programs are turning away applicants because they have too few nursing instructors. Matching travel salaries isn’t an option, Wooley said, but higher salaries and other benefits could help.

“My opinion is, and I hope it is true, that the pandemic has made society better understand the value of health workers, in addition to doctors,” she said. “And hopefully… the pay disparity will narrow down a bit. And I think hospitals have recognized that people who do this work need to be awarded or provided with other benefits.

This could include sabbaticals, loan forgiveness, scholarships and better retirement benefits.

“I think hospitals are going to look at that and do better packages for the really important people that they need to run the show,” she said.

Mariah Blum is one of those people who left her staff position for financial reasons.

She traded her job as a critical care nurse in Massachusetts in February 2021 for a spot on the critical care team at Catholic Medical Center. Blum was motivated in part because she wanted the challenge of having to get up to speed quickly after landing at a new site.

A better salary was also an asset, as she pays off student loans.

Travel work doesn’t come without challenges, Blum said. It can be lonely, especially for nurses leaving family behind, and you need to be comfortable talking when you need help. But the benefits were worth it, she said.

She enjoyed her assignment at Catholic Medical Center so much that she renewed her contract several times. “The people here are amazing and never made me feel like I didn’t belong on the team or was out of the team,” she said.

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It’s been a crazy week for stocks. Should we be worried? Here are 4 things to remember https://davidhemmingsbirdphotography.com/its-been-a-crazy-week-for-stocks-should-we-be-worried-here-are-4-things-to-remember/ Sat, 29 Jan 2022 16:20:55 +0000 https://davidhemmingsbirdphotography.com/its-been-a-crazy-week-for-stocks-should-we-be-worried-here-are-4-things-to-remember/ It’s been a week that has rocked Wall Street as an era of easy money draws to a close. Markets went on such a rollercoaster ride that it baffled even the most seasoned investors, ending, in remarkable fashion, with the biggest rally of the year for major stock indices. The reason for all this volatility? […]]]>

It’s been a week that has rocked Wall Street as an era of easy money draws to a close.

Markets went on such a rollercoaster ride that it baffled even the most seasoned investors, ending, in remarkable fashion, with the biggest rally of the year for major stock indices.

The reason for all this volatility? The Federal Reserve telegraphed this week at its first policy meeting of the year that it plans to start raising interest rates as early as March to tackle inflation, which is at 40-year highs.

Markets are eyeing four to five rate hikes this year, with Bank of America predicting as many as seven hikes in 2022 on Friday.

Here’s what to know about an incredible week in the markets – and what it means for you.

Why are investors so scared?

Turns out, it’s not just average Americans who worry about the economy and inflation.

So are professional investors. A unique period in the history of Wall Street is coming to an end. For most of the period since the 2008 global financial crisis, inflation has remained relatively low and the Fed for the most part has kept interest rates near record lows.

It made it very inexpensive for companies to borrow money, and it fueled Wall Street’s record run.

This era seems to be over, or is coming to an end.

The central bank hopes to raise interest rates just enough to lower inflation, but not enough to hurt the economy. Investors are deeply uncertain about the Fed’s ability to strike this balance.

This has led to incredible swings in the markets this week, often within the same day. On Monday, for example, the Dow Jones Industrial Average fell more than 1,000 points to end the day with a modest gain.

The Dow Jones ended Friday with a gain of more than 500 points, the biggest of the year, while the Nasdaq jumped more than 3% after companies like Apple provided some comfort by reporting good profits. .

Even Wall Street veterans say they haven’t seen this kind of sustained volatility since the dotcom bubble burst in 2000 or during the 2008 financial crisis.

So what should we expect from the economy?

Analysts generally expect economic growth to slow this year after posting its strongest growth since 1984 last year.

That growth, however, was uneven, which is why many Americans don’t feel positive about the economy according to recent polls.

It’s not just inflation. The biggest challenge remains the pandemic itself. Whenever infections break out, it makes people nervous about going out and traveling, and it reduces consumption.

The pandemic is also keeping would-be workers on the sidelines, only prolonging staff shortages and supply chain issues that have weighed on the economy.

Take Lindsay Mescher, who runs the Greenhouse Cafe restaurant in Lebanon, Ohio. Right now, she’s struggling with not having enough customers, because of Omicron, but even when business picks up, she worries about rising prices.

“Just yesterday, I received a text message from my farmer. Our chicken has gone up a dollar a pound. And I understand that. Its costs have also increased. But I cannot continue to pass on these costs. I can’t charge $12 for a chicken and salad sandwich in this town. It will work,” she said.

The International Monetary Fund this week lowered its growth forecast for the U.S. economy to 4%, down 1.2 percentage points from its previous estimate.

What do these economic challenges mean to us?

Borrowing costs will rise as the Fed raises interest rates. We have already seen mortgage rates climb to their highest level since the start of the pandemic.

Auto loans and other forms of credit will also rise as the Fed raises rates. However, it is also important to keep things in perspective: rates are likely to still be low by historical standards.

The federal government will also be putting less money in people’s pockets now that most pandemic relief programs have ended.

But on the positive side, we are seeing increased wages and better benefits as employers have to compete for scarce workers, giving employees greater bargaining power. Friday’s data showed employer spending on wages and benefits rose 4% last year, the biggest increase in two decades.

Yet, on average, wages are still not keeping pace with inflation.

And what will this mean for stocks?

Some seasoned investors are sounding the warning that we are in really dangerous times.

One of them is the influential fund manager, Jeremy Grantham, who predicted this month that we are in the middle of a “superbubble”, with inflated stock, housing and commodity prices because that the Fed has kept interest rates too low.

But this is not a widespread opinion.

Other investors are calling it a natural recalibration after three years of strong stock market growth that stretched some companies’ valuations.

“I think what we’re seeing right now is sort of justified based on valuations and what the Fed has been telling us, which is why we were relatively cautious at the start of the year,” he said. Savita Subramanian, head of US equity research at Bank of America.

Tech stocks, in particular, have had an incredible rally, with the Nasdaq more than doubling in the past three years.

The high-tech index is now in correction territory after falling more than 10% this year, a decline that scares investors.

But in the end, professional investors call for patience. Markets have been steadily rising over the long term. We happen to be in the midst of a volatile race as stocks navigate an uncertain economy – and the end of an era of easy money.

Copyright 2022 NPR. To learn more, visit https://www.npr.org.

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Is bridge financing right for you? – Finance and banking https://davidhemmingsbirdphotography.com/is-bridge-financing-right-for-you-finance-and-banking/ Mon, 17 Jan 2022 14:11:26 +0000 https://davidhemmingsbirdphotography.com/is-bridge-financing-right-for-you-finance-and-banking/ United States: Is bridge financing right for you? To print this article, all you need to do is be registered or log in to Mondaq.com. Bridge loans can provide short-term funding before developers and investors cement long-term funding. Their popularity grew during and following the Great Recession – and that popularity has continued to this […]]]>

United States: Is bridge financing right for you?

To print this article, all you need to do is be registered or log in to Mondaq.com.

Bridge loans can provide short-term funding before developers and investors cement long-term funding. Their popularity grew during and following the Great Recession – and that popularity has continued to this day. But if you’re considering getting a bridge loan as part of a new transaction or refinance, or for on-the-spot improvements, you need to know the potential pros and cons.

ADVANTAGES OF BRIDGE FINANCING

The typical duration of a bridging loan is 12 to 36 months. This can give you time to work through issues that are preventing you from getting traditional financing or taking advantage of other opportunities. For example, bridging loans can help you when you want to:

  • Conclude a transaction with an imminent deadline;
  • Make renovations;
  • Get a property out of foreclosure;
  • Stabilize cash flow;
  • Pursue environmental remediation;
  • Replace a tenant; Where
  • Improve your creditworthiness.

If you are looking for long-term financing, you can choose to pay off the bridge loan before or after you find it. You will improve your chances of receiving this financing by making timely payments on the bridge loan. Or, if you choose to pay it back after finding long-term financing, you can use some of those funds to pay off the bridge loan.

Plus, bridging loans typically require less proof of income and close faster than traditional loans, allowing you to get the funds in about a week. And they can be non-recourse, allowing you to protect other assets.

DISADVANTAGES OF BRIDGE FINANCING

Bridge loans carry higher interest rates (usually based on market rates), transaction fees and closing costs than conventional loans. Typically, they may also require a high loan-to-value ratio and a large lump sum payment.

Bridge loans are also more closely monitored by lenders than traditional loans. As a result, you could incur costly penalties if, for example, you fail to meet complex debt coverage ratios or debt yield tests. If you’re considering using long-term financing to pay off a bridge loan, you’ll be left behind if that financing doesn’t materialize. If you fail to meet the timely payment, interest charges will quickly accumulate. These concerns are particularly relevant given recent worries about an impending recession.

There is also no guarantee that you will qualify for a bridging loan. Lenders tend to require exceptional credit, a low debt-to-equity ratio and a high equity component.

ASK FOR ADVICE

Under the right circumstances, bridge loans can provide a flexible and worthwhile solution to short-term financing needs. But they are not without substantial financial risk, so be careful before signing. Financial advisors can help you determine if a bridge loan is right for your project and negotiate optimal terms with a lender.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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LIBOR transition update

Proskauer Rose LLP

This LIBOR transition update, aimed primarily at private lenders, provides a summary of recent trends and reflects new developments on the eve of the LIBOR transition for banks, including the new SOFR

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Fighting Student Loan Debt During the Pandemic https://davidhemmingsbirdphotography.com/fighting-student-loan-debt-during-the-pandemic/ Sat, 15 Jan 2022 17:23:01 +0000 https://davidhemmingsbirdphotography.com/fighting-student-loan-debt-during-the-pandemic/ Now, how easy was it to get that break? In terms of initially, when did the lenders release this information? Some lenders weren’t immediately on board. It was so strange. We had to ask customers to go online or call them, and then some lenders did it automatically. I will say that at this point […]]]>

Now, how easy was it to get that break?

In terms of initially, when did the lenders release this information? Some lenders weren’t immediately on board. It was so strange. We had to ask customers to go online or call them, and then some lenders did it automatically. I will say that at this point everyone who is probably eligible gets it. Now here’s the kicker: initially some loans weren’t included, but as we got the break extended, we’ve seen more loans included now inside the pandemic break. If you’re listening, if you have a federal loan and aren’t sure if your loans qualify, log on and check your lender’s website or go to studentloans.gov to see if you can get an administrative forbearance. . And if you don’t, I’ll give your lender a call. It may even be able to be applied back as well.

It freed up some money and gave you an idea of ​​what it would be like to live without that debt. What do people do with the money?

You know, student loan debt isn’t one of those things that I feel like people will happily pay off every month. They pay out of obligation, don’t they? So what that has done I feel like a lot of people have allowed them to improve their credit because now they can take that extra money and pay other bills that might have been overdue or cards of credit that have been charged. I have heard many of these success stories happen.

Now the Biden administration has promised student loan forgiveness. Do you believe that will happen? Where is it now?

I want to be so positive, Cherri, but I want my vote back. You know, the administration really surfed the student loan debt, and nothing materialized. I’m really upset, to be completely honest. It doesn’t look too good.

Yeah, a lot of people bit that carrot for sure. You’re a black woman-owned business and there’s a huge racial disparity when it comes to student loans. Could you talk about that and then talk about your own personal story?

So, you know, on average, African American women are disproportionately affected by student loan debt. And, on average, African-American women also have the most college degrees in our country. But these degrees have a really cute price. And so what’s happening is we’re seeing our African American women showing up to work with more debt than their counterparts. And so, the same salary that you as African American women can receive will be different from that of your counterpart. What I say to that is [it’s] to be celebrated, it’s exciting that they have degrees, and you know they want more for their lives in the future. But also now, as black women, we really can’t ignore student loan debt, because it affects and shows up when we want to invest, when we want to build long-term wealth. So now I feel like I’m being pressured into my community to say, “Yeah, I know you got a $400 payout or $500 payout, or an $800 payout, or a 1 $000. Let’s see how to approach this payment, but let’s not stop there. Because you are “behind the eight ball”. Maybe you don’t put a lot in your [401(k)]. Here’s what you need to do. You have to do X, Y, and Z to get caught up with your counterparts so your kids don’t have to know the words “student loan debt.”

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10 ways to overcome your fear of photographing on the streets https://davidhemmingsbirdphotography.com/10-ways-to-overcome-your-fear-of-photographing-on-the-streets/ Sun, 26 Dec 2021 18:30:00 +0000 https://davidhemmingsbirdphotography.com/10-ways-to-overcome-your-fear-of-photographing-on-the-streets/ Newbies to street photography may experience anxiety and fear about photographing strangers in public spaces. But once overcome, photographing ordinary moments in extraordinary ways can be a joy as much as a passion. Such is the magic of street photography! In this article, we’ll explore 10 of the many ways to overcome your fear when […]]]>


Newbies to street photography may experience anxiety and fear about photographing strangers in public spaces. But once overcome, photographing ordinary moments in extraordinary ways can be a joy as much as a passion. Such is the magic of street photography!

In this article, we’ll explore 10 of the many ways to overcome your fear when starting your street photography adventures.

1. Use a logging application



Woman writing in the diary

Journaling might seem like an unlikely candidate for this list, but many creative people find it positively influences their lives. In fact, there are digital diary apps to help you improve your mental health. Street photographers may find it helpful to write about what makes them wary of photographing people in public. In the long run, this can prove to be beneficial, especially if you set goals for yourself as part of the process.

You can include other items in your journal related to street photography, such as places you would like to visit and photographers you would like to emulate. If you enjoy writing in general, journaling can help you overcome your fear and improve your street photography.

2. Small cameras attract less attention



The woman is holding a camera

If you’ve ever lugged around a DSLR camera and taken street photos, you probably know people tend to look at you and wonder what you’re doing with that professional looking camera. It’s no wonder, then, that street photographers generally prefer smaller, under-the-radar cameras that attract less attention.

It helps a lot when you are just starting out and can relieve a lot of anxiety about photographing strangers. For more outgoing personalities or advanced users, there are many advantages to using a full frame mirrorless camera over many smaller compact cameras and cameras with smaller sensors.

VIDEO OF THE DAY MAKEUSE

Related: Benefits of Using a Full Frame Mirrorless Camera for Street Photography

3. Use icebreakers



Man filming a woman in the street

Icebreakers are little things you can do to relieve tension when photographing people when they notice you. A simple smile can go a long way, and so can a compliment. For example, comments like “nice hat” or “great shirt” are icebreakers that are engaging and can help break the ice with a subject you would like to photograph.

Practicing the art of conversation with strangers will help you overcome your fear of street photography. It’s a long-term effort that will pay off and potentially open the doors to other opportunities in photography.

4. Use your camera’s LCD screen to take photos



Man taking a picture

Use your LCD screen if you have the option on your camera. Besides being a convenient way to take street photos, it usually relieves the photographer. For a variety of reasons, just holding a camera up to your eye is more confrontational than just walking around and looking into the back of your camera.

This brings up another point: Avoid making eye contact with your subjects if you don’t intend to interact with them. If you look into your LCD screen, your subjects are less likely to think you are photographing them, especially if you pretend to photograph other things near your subjects.


5. Make a game of approaching people



A group of photographers in the jungle

It’s a fun exercise that even seasoned street photographers use when walking around with newcomers or just for fun. You can play it in a number of different ways, but it depends on your imagination and how comfortable you are.

A variation is to have a contest to see who can get the most no’s or rejections when you ask strangers for their picture. The first person to reach 10, for example, wins. The exact number is not significant, but you should feel like you must have worked on it. Wear your releases with pride. It means that you are trying to overcome your fear! This is also another opportunity to practice your icebreaker skills.

6. Imagine that you are on a mission for a magazine



Photographer looking at photos on a laptop

It’s a little different making a game out of it. Before going out to take street photos, it may help to imagine yourself as a photojournalist or documentary photographer on assignment for a publisher. Why is this helpful in overcoming your fear of street photography?

It will help you focus and give yourself a purpose. Knowing that you have to get certain shots is a constructive challenge. It will also help you realize several surprising benefits of street photography.

Read more: Surprising Benefits of Street Photography

7. Use candid photography



Photographer taking photos at the airport

That’s not to say candid photography is any easier than walking up to someone and asking for their photo. But taking candid street photos when you’re just starting out will definitely help if you’re afraid or anxious about photographing strangers.

Focus on framing your subjects creatively against interesting backgrounds. Even from a distance, intentional and creative imagery will usually make you stand out from the crowd. Develop your candid photography, then switch to street portrait practice when you’re ready.

8. Ask your partner for help



Posing in front of the fountain

Practicing street photography with a partner will help you considerably when you are just starting out. It will help you build your self-confidence and you will learn more tips and tricks from another’s point of view.

Plus, there are a lot of things a partner can do to help take photos of strangers you don’t want to disturb. Imagine you want to photograph the gentleman like in the photo above because he has an interesting look. You can also try pretending to take a photo of your partner instead. This method works well in crowded areas and tourist sites.

9. Use silent shutter / mute camera sounds



Photographer checking images on the camera

Silent shutter mode is a standard feature on most mirrorless cameras. Take this opportunity not to draw attention to the fact that you are taking pictures. Also, turning off camera sounds and all indicator lights will turn your camera into a perfect street photography shooter.

10. Practice!



Photographer examining his photos

It is practice makes perfect. In fact, the best teacher will be yourself. Aside from studying street photography and learning the ropes, going out and doing it is without a doubt the most important thing.

If you practice some of the methods mentioned here and learn from other avid street photographers, you will develop the most critical trait of any photographer: field experience.

Some additional tips to overcome your fear of photographing strangers

Besides everything we’ve listed above, here are a few more tips to help you along your trip:

  • Don’t hide when photographing people, and don’t go out of your way to be invisible. You are not doing anything wrong. Always be confident and transparent about what you are doing.
  • Do not listen to music with your headphones. It can be dangerous in a crowded place or on busy streets. Why would you want to “escape” connecting with the world you are photographing, anyway?
  • Learn the laws of your state or country. Make sure it is legal to photograph people in public areas. Street photography is generally acceptable in many parts of the world, but check this information to avoid problems.


Street photography is worth learning

Overcoming your fear of photographing on the street is well worth your time and effort. Your skills will improve along with the quality of your images. And as an added bonus, you’ll find out how truly unique and accessible this genre is.


Photo of a photographer with a camera

5 reasons you need a tripod for street photography

A tripod for street photography might seem counterintuitive, but it can work if you want it to.

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Photographer Henry Hooks dies at 99 https://davidhemmingsbirdphotography.com/photographer-henry-hooks-dies-at-99/ Thu, 02 Dec 2021 06:49:32 +0000 https://davidhemmingsbirdphotography.com/photographer-henry-hooks-dies-at-99/ By Diane Anderson Henry L. Hooks, the veteran Photojournalist of The Precinct Reporter, realized his love for close-ups and the Kodachrome in the Air Force, where he was first presented with a “TM 1-219 Training Manual for Photography.” and asked him to take pictures. For decades Hooks will be remembered for his award-winning portfolio which […]]]>


By Diane Anderson

Henry L. Hooks, the veteran Photojournalist of The Precinct Reporter, realized his love for close-ups and the Kodachrome in the Air Force, where he was first presented with a “TM 1-219 Training Manual for Photography.” and asked him to take pictures.

For decades Hooks will be remembered for his award-winning portfolio which has guided the perspective of local stories frame by frame. Mr. Hooks passed away last week. He was 99 years old.

He lived his life to seize the moment, but first came his dedication in the service of his country.

Upon entering the Air Force, Hooks quickly rose through the military ranks, having been appointed a sergeant within the first three months. In less than a year he was stationed in Los Angeles, then transferred to San Bernardino where he and his wife Opal made their permanent home.

But even after his honorable release from the Air Force, Hooks remained close to the military lifestyle while serving 37 years in the Department of Defense, where he was also quickly promoted to aircraft mechanic. He excelled from there, first as a crew chief, aircraft inspector, and missile systems inspector, which sent him to check sites across the country.

In a previous interview with the Precinct Reporter, Hooks spoke about one of his most difficult assignments as a military photographer. In 1965, he had top-secret clearance as an investigating officer, team leader and also a sniper for missile installations while investigating a Chico missile explosion.

It was long before Photoshop, and there was no redesign. He marveled, even in the 1990s, at how much things had changed within the industry from the old school and dark theaters when he started.

“It was a bit critical,” Hooks said. “We never see [what you shoot]. You just have a colonel to take you from site to site. You have to do it right the first time.

Among his favorite historical stills montages, Hooks has photographed five presidents, including John F. Kennedy, Bill Clinton and Vice President Al Gore, as well as General Colin Powell, Sugar Ray Robinson, Carry Holmes and George Foreman.

Since his retirement in the late 1970s, Hooks had continued to care for his church, New Hope Missionary Baptist. Hooks was also a long-term member of the American Legion and the Westside Action Group (WAG). Among his many awards, he received community recognition from the Masonic Lodge and another from the Rialto Cultural Society. He and his wife Opal have been named Senior King and Queen by the San Bernardino Black Culture Foundation.

He was also a seasoned photographer who captured countless hundreds of vibrant local community memories. At each of his exhibitions, people would go out to see if they were successful. He was an important chronicler of black life in the Empire of the Interior. He has covered so many community events that local researchers have claimed his images. With his connections to the Precinct Reporter, his images recorded local black history.

“I remember he was controlling a lot of rooms by managing how the images would be designed,” said Brian Townsend, editor of Precinct Reporter. “We once covered the NAACP National Convention in Los Angeles. In a room full of mainstream media, all the photographers bowed to him. We got all the shots we wanted. When rapper Tupac Shakur was in a fight with former Pennsylvania Secretary of State C. Delores Tucker, she reached out to the neighborhood reporter to gain access to a photo of her taken by Henry Hooks to show her support for the institutions. black.

Henry Hooks immersed himself in his passion for photography and our community was the beneficiary. Funeral arrangements were not known at the time of publication, but will be posted online at www.precinctreporter.com when available.


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Wolves Academy is the star of the Show Racism The Red Card workshop https://davidhemmingsbirdphotography.com/wolves-academy-is-the-star-of-the-show-racism-the-red-card-workshop/ Wed, 01 Dec 2021 07:08:55 +0000 https://davidhemmingsbirdphotography.com/wolves-academy-is-the-star-of-the-show-racism-the-red-card-workshop/ Youth from Woden, Woodfield and Fallings Park schools participated in the event hosted by the SRTRC team led by Fred Harms who described the definition of racism, associated stereotypes and how to report incidents of racism . A video was also released featuring top footballers and athletes discussing their experiences ahead of the Q&A, which […]]]>


Youth from Woden, Woodfield and Fallings Park schools participated in the event hosted by the SRTRC team led by Fred Harms who described the definition of racism, associated stereotypes and how to report incidents of racism .

A video was also released featuring top footballers and athletes discussing their experiences ahead of the Q&A, which included former Wolves Academy graduate and young pro Marlon Walters, and current academic of the Kam Kandola Academy, who has just drawn up his first professional contract.

Walters described his experiences of racism during his childhood and football career, highlighting the vital role of coach Terry Connor during his time at Molineux, while Kandola, who is part of the Inclusion Mentorship Program Asian PFA, echoed views on the importance of calling incidents in in order to eradicate discrimination.

“I think it’s so important that kids have access and understand what to do if they are the victim of racism,” Walters said.

“And this is even for those who see examples with others, not just to receive them directly.

“It is important to understand that it is okay to tackle these incidents, report them and discuss them with a parent or teacher.

“Children learn, times change and our children sometimes become our teachers and keep us up to date with the news and how to run things.

“I felt like in my day when I was a victim of racism, I only knew one or two ways to deal with it, which was conflicting in nature.

“This method was completely ineffective, it was not fair, and if it had continued it would have affected me in the long term.

“If I had attended a workshop like this when I was younger, it would have helped me and given me confidence to tackle it more effectively.

“I had a first hand experience and sometimes it can affect you as an adult, so running workshops like this for young people can be life changing.”

Seth Ejukwu, a campaign worker for Show Racism The Red Card, also joined Walters and Kandola on the panel.

Ejukwu has revealed how being a victim of racism at an English university opened his eyes to the problem, before launching his own online campaign before landing a job at SRTRC.

In revealing how the examples of racism seen in football stadiums or in cricket and other sports reflect society, he also cited an analogy put forward by SRTRC Honorary President, the former goalkeeper of goal Shaka Hislop.

“The young people here are our future leaders and we have to educate them properly,” says Ejukwu.

“We need to make them understand what racism is and how it affects our culture, our society and our community.

“Racism is a social thing and while football as an industry helps tackle this problem, when it occurs in football it is a reflection of the community.

“I think racism is still there and we do our best to let people know that it is still there and how we can come together as a society.

“Shaka’s analogy explains how when the pandemic hit last year, and around the world, everyone was struggling, nobody sat down and said they didn’t care or it didn’t. didn’t bother them.

“Everyone got together to say what do we have to do to survive?

“We have to use the same analogy for racism and shouldn’t just say it happens in football or it happens in cricket, so that’s their problem.

“We have to see it as a problem, like a pandemic, and the only way to eradicate it is to come together in the same way.”

Kandola is Wolves’ only professional of South Asian descent and admits there is added motivation to potentially be a role model youngsters aspire to.

“I think it gives you extra motivation to break down that barrier and, as a South Asian, to be a role model for young boys and try to get them to do the same,” he said.

“To be where I want to be, I have to keep working hard and not get caught up in signing a professional contract and letting go.

“I have to keep working and improving.

Kandola was certainly an inspiration to the young people present at the workshop which provided some really successful and insightful hours for all participants.

“We were very happy to support Show Racism The Red Card with their event here in Molineux,” said Greg Warren, Senior Education Officer for the Foundation.

“The impact on children of educating themselves and educating others in school is fantastic to see.

“Fred and the team were brilliant, and the students from our partner schools in Woodfield, Woden and Fallings Park were very engaged in the workshop and the interviews at the end were a testament to their level of engagement.

Wolves Academy graduates Kam Kandola and Marlon Walters were also brilliant in taking the time to answer students’ questions and giving real-life experience of previous cases and how to report them. “

For Walters meanwhile, who was back at Molineux just a few weeks ago watching his nephew Demarai Gray play for Everton, it’s always special to come back to the club where he spent a decade climbing the ranks.

He went on to enjoy a successful career outside the league, then as a coach and assistant manager, with his main role now focused on managing MW Fitness & Community Care, which specializes in many areas including youth mentoring. as well as health and fitness.

“Every time I come back to Molineux, or even Wolverhampton, it’s like another home for me,” he explained.

“I have met some of my closest friends here, so many great people, and it has taught me discipline.

“It was a multicultural environment with a family atmosphere where I felt included and part of something.

“For me, being able to come back and pass on some of my values ​​and the discoveries of my journey is a special day for which I am very grateful. “


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