Money Management – Erudit http://erudit.media/ Fri, 28 May 2021 01:35:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://erudit.media/wp-content/uploads/2021/05/default1-150x150.png Money Management – Erudit http://erudit.media/ 32 32 Here’s the best lender for refinancing your Parent PLUS student loans https://erudit.media/what-benefit-do-student-loans-have-in-peru/ https://erudit.media/what-benefit-do-student-loans-have-in-peru/#respond Mon, 17 May 2021 02:08:26 +0000 https://erudit.media/?p=513 To help finance their kid’s way through college, many parents take on debt in the form of high-interest Parent PLUS loans issued by the federal government. These credits can help you fulfill the desire to obtain a university degree at any of its different levels. And in the different institutions of higher education in the country. Parent […]]]>

To help finance their kid’s way through college, many parents take on debt in the form of high-interest Parent PLUS loans issued by the federal government. These credits can help you fulfill the desire to obtain a university degree at any of its different levels. And in the different institutions of higher education in the country.

Parent PLUS loans are a type of student loan taken out in the name of a parent who holds full responsibility for payment of the loan(s).

One way to pay off a Parent PLUS loan faster than the standard 10-year repayment term is to refinance through a private lender. If you qualify, refinancing can help you get a lower interest rate so you can chip away at the debt more quickly while saving money on interest over the long term.

Another perk for parents who are looking to hand off financial responsibility to their adult children: Refinancing is the only way to transfer Parent PLUS loans into your child’s name. While you can refinance Parent PLUS loans in your name, you can also choose to have your child take over the loan repayment by refinancing it in their name.

There’s one big caveat: Parent PLUS loans are a type of federal loan that qualifies for the current federal student loan payment and interest freeze. We do not recommend that you consider refinancing your Parent PLUS loans until the forbearance ends on Sept. 30, 2021.

Unfortunately, not all private lenders allow Parent PLUS loan refinancing — Education Loan Finance Student Loan Refinancing does. Borrowers can refinance their Parent PLUS loans, and even combine them with their private student loans. For this reason, Select ranked Education Loan Finance (ELFI) on our list of the top student loan refinance companies.

Read on for the full details of ELFI’s Student Loan Refinancing, including the APRs, perks, fees, loan amounts and term lengths. (See our methodology for more information on how we choose the best student loan refinance companies.)

Education Loan Finance Student Loan Refinancing review

  • APR
  • Perks
  • Fees
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  • Bottom line
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Islamic Development Bank and Dubai Cares commit $ 202.5 million in global education partnership https://erudit.media/islamic-development-bank-and-dubai-cares-commit-202-5-million-in-global-education-partnership/ https://erudit.media/islamic-development-bank-and-dubai-cares-commit-202-5-million-in-global-education-partnership/#respond Wed, 07 Apr 2021 23:16:12 +0000 https://erudit.media/islamic-development-bank-and-dubai-cares-commit-202-5-million-in-global-education-partnership/ The Islamic Development Bank and Dubai Cares, part of the Mohammed Bin Rashid Al Maktoum Global Initiatives, today pledged $ 202.5 million for GPE’s 2021-2025 “Raise Your Hand” fundraising campaign, the Islamic Development Bank having pledged $ 200 million and Dubai Cares, $ 2.5 million. The pledges – the first in the Middle East region […]]]>

The Islamic Development Bank and Dubai Cares, part of the Mohammed Bin Rashid Al Maktoum Global Initiatives, today pledged $ 202.5 million for GPE’s 2021-2025 “Raise Your Hand” fundraising campaign, the Islamic Development Bank having pledged $ 200 million and Dubai Cares, $ 2.5 million.

The pledges – the first in the Middle East region – use innovative financing approaches to help transform education in low-income countries.

The announcement was made during the Middle East launch of GPE’s Case for Investment, which calls on world leaders to pledge at least $ 5 billion for education in 90 low-income countries and territories. COVID-19 has hit vulnerable children in these countries particularly hard, creating the biggest educational emergency in recent history.

With a commitment of $ 2.5 million, Dubai Cares doubled its previous contributions to GPE in 2014 and 2018. Dubai Cares was the first non-governmental and philanthropic organization to help fund GPE. Now, as the first philanthropic organization to engage in GPE’s current 2021-25 fundraising campaign, Dubai Cares has strengthened its commitment to improving the future of vulnerable children and youth around the world by helping to give them access to quality education.

The Islamic Development Bank has pledged $ 200 million in concessional loans to improve low-income countries’ access to education finance. The contribution represents half of the $ 400 million requested from the Arab Coordination Group, a grouping of Arab financial development institutions.

The Group’s $ 400 million would unlock $ 100 million from GPE Multiplier, an innovative financing tool. Together, the mobilized contributions would bring in a total of half a billion dollars for quality education for children in 37 GPE partner countries that are also members of the Organization of Islamic Cooperation (OIC).

IDB President Dr Bandar Al-Hajjar said:

“The IDB-GPE partnership provides Arab funds in the region with innovative financing opportunities to address the threat COVID-19 poses to national education financing.” financing education – an essential step in achieving Sustainable Development Goal (SDG) 4, on quality education for all. “

Minister Serigne Thiam, Vice-Chairman of the Board of Directors of GPE and Minister of Water and Sanitation of Senegal said:

With a deep-rooted tradition of generosity, the Gulf countries have played a vital role in supporting education systems in low-income countries. With contributions from donors such as the Islamic Development Bank and Dubai Cares, GPE’s replenishment represents a real opportunity for regional leaders to scale up and transform education for the world’s most vulnerable children. Education is the key to creating a more peaceful, equitable and prosperous world. “

His Excellency Dr Tariq Al Gurg, Managing Director of Dubai Cares and GPE Regional Champion, said:

“Supporting GPE’s efforts in a sustainable way through the continuous renewal of financial resources is a shared responsibility that requires bold vision, close cooperation and lasting commitment. If education does not get the attention it now deserves, an entire generation on this planet could miss their education; therefore lose hope for a better future. We are now at that tipping point. “

The launch event included remarks by high-level dignitaries from the Gulf Cooperation Council (GCC) countries as well as other senior officials representing Arab development funds. The event was part of a three-day visit to the Kingdom of Saudi Arabia by Serigne Mbaye Thiam, GPE Vice President.

GPE’s fundraising campaign comes at a critical time for education around the world. As COVID-19 threatens to reverse hard-won gains for children, governments need urgent support to get the tools, teachers and the means to provide quality education for every girl and boy.

Fully funded, GPE support would:

  • Enable 175 million children of primary age to learn,
  • Reach 140 million students with professionally trained teachers,
  • Get 88 million more children in school, more than half of whom are girls,
  • Save $ 16 billion with more efficient spending.

The “Raise Your Hand” campaign will end on July 28-29 in London at a landmark GPE fundraising summit, co-hosted by British Prime Minister Boris Johnson and Kenyan President Uhuru Kenyatta.

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COVID-19 vaccination clinic open to Springfield residents at Raymond A Jordan Senior Center – WWLP https://erudit.media/covid-19-vaccination-clinic-open-to-springfield-residents-at-raymond-a-jordan-senior-center-wwlp/ https://erudit.media/covid-19-vaccination-clinic-open-to-springfield-residents-at-raymond-a-jordan-senior-center-wwlp/#respond Wed, 07 Apr 2021 23:15:54 +0000 https://erudit.media/covid-19-vaccination-clinic-open-to-springfield-residents-at-raymond-a-jordan-senior-center-wwlp/ Wanted suspect in Maine was found hiding in a cabin on a pond after fleeing accident in Becket Video / 3 hours ago Video Eric Carle, author of ‘Very Hungry Caterpillar’, has died at 91 Video / 3 hours ago Video UMass student found missing man found in Connecticut River on Friday, no connection to […]]]>

Wanted suspect in Maine was found hiding in a cabin on a pond after fleeing accident in Becket

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Eric Carle, author of ‘Very Hungry Caterpillar’, has died at 91

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UMass student found missing man found in Connecticut River on Friday, no connection to second body

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Boater discovers body in Connecticut River near Hadley

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Mass. Gaming Commission lifts COVID-19 restrictions in casinos

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Several burning buildings in Boston

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Massachusetts COVID-19 Scoreboard: 10 new deaths, 195 new cases

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Governor Baker signs the Holyoke Soldiers Home Bonds Bill

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Fire reported at Apkins Junkyard in North Adams

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Large amount of smoke coming from the dump in North Adams

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Man dies after crashing into tree on Boston Road in Springfield

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Report: Poor conditions led to COVID tragedy at Holyoke soldiers’ home, blamed Administrator Baker

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Popeyes Announces Nationwide Launch of Hershey Chocolate Stuffed Donuts – Limited Time https://erudit.media/popeyes-announces-nationwide-launch-of-hershey-chocolate-stuffed-donuts-limited-time/ https://erudit.media/popeyes-announces-nationwide-launch-of-hershey-chocolate-stuffed-donuts-limited-time/#respond Wed, 07 Apr 2021 23:15:51 +0000 https://erudit.media/popeyes-announces-nationwide-launch-of-hershey-chocolate-stuffed-donuts-limited-time/ Donut lovers will be delighted to know that Popeyes Louisiana Kitchen is launching sales of the famous New Orleans dessert nationwide – but for a limited time. “For a limited time” may not be what donut lovers want to hear, but according to one CNBC Report, fans will find Hershey’s Chocolate Stuffed Dessert on Popeyes’ […]]]>

Donut lovers will be delighted to know that Popeyes Louisiana Kitchen is launching sales of the famous New Orleans dessert nationwide – but for a limited time.

“For a limited time” may not be what donut lovers want to hear, but according to one CNBC Report, fans will find Hershey’s Chocolate Stuffed Dessert on Popeyes’ menu, starting today. the report noted that the fried chicken chain hopes to attract customers to its restaurants during the holidays.

In addition, the report said the donut launch was “part of a larger strategy” by the Miami-based chain to use desserts to attract customers. Currently, Cinnamon Apple Pie is the only permanent dessert offering on Popeyes’ menu, though the restaurant occasionally sells limited-time dessert offers – some of which are only “available in the area.” report mentionned.

The Fried Pastry, a staple dessert from New Orleans where Popeyes was founded, is stuffed with Hershey Chocolate, and will be sold in three, six and 12 packs, for a limited time, starting today, ” the report mentionned.

The new offer should be doing well.

In October, Popeyes’ test of the new offering received “particularly strong” criticism from customers in Boston and several other northeastern markets, according to Sami Siddiqui, Popeyes president for the Americas, the report cited.

However, it may be too much to ask to expect its success to surpass that of Popeyes’ Chicken Sandwich, which launched nationwide over a year ago, the report mentionned.

the report quoted Siddiqui, who said: “I have been in [the fast-food industry] for almost a decade now, and I don’t think I’ve ever seen something like the chicken sandwich in any brand, so I don’t know if I want to set such high expectations.

Since the launch of the sandwich, including during the coronavirus pandemic, Popeyes “reported double-digit same-store sales growth every quarter,” report mentionned.

The Popeyes chain, now based in Miami, is owned by Restaurant Brands International.

READ MORE:

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AirAsia Posts Worst Profits In History, But Sees Better Year To Come https://erudit.media/airasia-posts-worst-profits-in-history-but-sees-better-year-to-come/ https://erudit.media/airasia-posts-worst-profits-in-history-but-sees-better-year-to-come/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/airasia-posts-worst-profits-in-history-but-sees-better-year-to-come/ KUALA LUMPUR – Low-cost carrier AirAsia Group has racked up its worst annual profits in 2020 following the closure of national and international borders to contain the spread of the coronavirus pandemic, he said on Monday, but discussions on digital health passports and rapid COVID -19 vaccination programs promise better prospects this year. The Malaysian […]]]>

KUALA LUMPUR – Low-cost carrier AirAsia Group has racked up its worst annual profits in 2020 following the closure of national and international borders to contain the spread of the coronavirus pandemic, he said on Monday, but discussions on digital health passports and rapid COVID -19 vaccination programs promise better prospects this year.

The Malaysian airline’s net loss widened to 2.44 billion ringgit ($ 589.1 million) for the three months ended December 31 from 384.4 million ringgit in the corresponding quarter of 2019. Sales also fell to RM267.4 million from RM3.23 billion previously deposited on the local stock exchange.

The fourth quarter performance brought the airline’s full-year net loss to RM 5.1 billion from a loss of RM 315.8 million the previous year, the worst it has ever recorded. , according to a comparison of Nikkei Asia with previous results. Revenue fell to 3.14 billion ringgit from the 11.86 billion ringgit reported in 2019.

Tony Fernandes, CEO and co-founder of AirAsia, was optimistic about the future and said a recovery was in sight.

“With the acceleration of vaccination programs around the world, improved testing capabilities, the likely introduction of global digital health passports, the formation of pleasure travel bubbles in the region, and contactless procedures. already in place for AirAsia, we are very optimistic that international air travel will resume in the second half of 2021, leading to our full recovery in the next two years, ”he said in a separate statement.

AirAsia said pandemic lockdowns announced in Malaysia for October and November also weighed on fourth-quarter revenue.

The airline said it was pursuing cost containment measures, including staff and salary cuts for management, staff and directors, while efforts to preserve cash flow include negotiations for restructuring of staff. payments with suppliers, partners and others, as well as the restructuring of fuel hedging positions.

Fernandes mentioned that AirAsia had offloaded a 32.7% stake in AirAsia India while shutting down AirAsia Japan.

“All of these tough decisions were made to ensure a rapid recovery in ASEAN, where our brand is strongest,” he said, referring to the Association of 10 South Asian Nations. Is.

Throughout 2020, the airline earned 377.2 million ringgit on the sale of engines and $ 229.4 million on the sale of significant stakes in AirAsia India to Tata Sons.

A significant portion of the loss for the period relates to the impairment of right-of-use assets and interest on lease liabilities amounting to RM 654.2 million for the fourth quarter and RM 2.5 billion for the whole year, he said.

AirAsia is currently raising RM 2.5 billion for working capital, including a RM 300 million loan from the Sabah State Development Bank and is working on an undisclosed loan amount from the federal government dedicated to helping businesses affected by COVID-19 with a government guarantee.

“In addition, in Malaysia, we obtained commitments from banks to [a] government guarantee[d] loan under the Danajamin Prihatin guarantee scheme and it is in its final stages of discussing and finalizing the conditions, ”the company said.

Fernandes recently told local press that AirAsia is awaiting approval for loans from several banking institutions totaling RM 1 billion. The airline also completed the first tranche of its private placement of up to 20% of the group’s total issued shares last month, raising more than RM250 million.

In an interview with Nikkei Asia earlier this month, top AirAsia Group executives revealed ambitious plans to expand its digital footprint as core airlines’ business remains desperate for Malaysian authorities to reopen national borders by the end of April to avoid another round of drastic cost cuts. measures.

Bo Lingam, president of flight operations, said the carrier’s financial resources were running out and could only be managed if domestic routes were reopened by the end of the month, otherwise the company would be forced to lay off more workers. ’employees on leave.

Some 3,000 existing employees are on the scheme – mostly pilots and downstream treatments.

In contrast, AirAsia Digital, the holding company for non-airline companies, is heading for a potential spinoff in the next five years, said Aireen Omar, its chairman, adding that it was building core businesses including catering, food and beverage service. food delivery and courier services. attract more investors.

Fernandes praised these efforts.

“We are encouraged by the first signs of our digital transformation … and we expect our digital and non-air revenue will contribute about 50% to the group in five years,” he said in his statement.

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The Recorder – Reaching For Heaven: Harold Grinspoon Lends Outdoors Artwork To Look Park https://erudit.media/the-recorder-reaching-for-heaven-harold-grinspoon-lends-outdoors-artwork-to-look-park/ https://erudit.media/the-recorder-reaching-for-heaven-harold-grinspoon-lends-outdoors-artwork-to-look-park/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/the-recorder-reaching-for-heaven-harold-grinspoon-lends-outdoors-artwork-to-look-park/ For decades Harold Grinspoon developed a thriving real estate business – large enough that in the early 1990s he established a philanthropic organization, the Harold Grinspoon Foundation, to improve Jewish and community life in western Massachusetts and beyond. far. But about six years ago, Grinspoon, who is now 90, turned to something else: woodcarving. The […]]]>

For decades Harold Grinspoon developed a thriving real estate business – large enough that in the early 1990s he established a philanthropic organization, the Harold Grinspoon Foundation, to improve Jewish and community life in western Massachusetts and beyond. far.

But about six years ago, Grinspoon, who is now 90, turned to something else: woodcarving.

The fruits of some of this work can now be found in Look Park, to which Grinspoon has loaned four large wooden sculptures. “The Beauty of Nature”, “Windows”, “Chroma Quartet” and more recently “Entwined” have been installed on large bases and will be on display at the park for the next two years.

Jilian Larkin, General Manager of Look Park, said she and other staff were delighted to have the art on hand, seeing it as a natural addition to trees and fields; all parts are constructed from trees and branches found and salvaged. The artwork also appears to be a testament to Grinspoon’s appreciation for Look Park itself, a place he has visited frequently over the years, she says.

“He has a real affinity for the park, and we are so happy that he is sharing his works with us,” said Larkin. “It’s a very generous gesture, and it gives us something new to offer visitors.”

On Wednesday, Grinspoon and members of his design team came to the park, near the tennis courts, to install “Entwined,” two twisted sections of an oak branch that, cut in half, were painted in shades of yellow, blue and purple and wrap around each other when they point to the sky.

Grinspoon, who was born in Newton in 1929 and lives in Longmeadow, is a longtime advocate of the outdoors – he is still a regular hiker – and the arts. Madeline Calabrese, director of the Harold Grinspoon Foundation, describes him as a “visionary” who “always looks to the future” and designs his next project. For years, Calabrese notes, Grinspoon collected interesting pieces of wood on his walks, imagining that some of them could be used for works of art; sometimes he asked woodworkers to transform the pieces into sculptures.

From 2014, Calabrese notes, Grinspoon embarked on this work himself when a much-loved cherry tree in his garden fell. He decided to have the tree cut into four longitudinal strips, then, together with other designers and a team he gathered, he created his first work, “The Beauty of Nature” – four strips of smooth wood about 9 meters high that stand separately but curved towards each other.

Juliane Hain, who takes care of Grinspoon’s art projects, says he has no formal art training, but has learned a lot by observing other artists at work and sharing ideas with a small team that s ‘takes care of the cutting and processing of wood. Grinspoon designed a number of miniature sculptures to serve as models for “The Beauty of Nature,” Hain noted.

Calabrese says she will sometimes make initial sketches of Grinspoon’s verbal description of a new sculpture, or that he will sketch what he wants to see. “He’s very collaborative in his process, although he can be decisive and say ‘no’,” she said.

He has also become increasingly prolific in recent years and at this point has created around 100 sculptures, Calabrese said, while evolving into designs that incorporate steel and glass and various finishes. Her work has been exhibited in many settings, including The Mount in Lenox (the home of Edith Wharton) and the 2018 “Crosstown” exhibition in Amherst, an outdoor installation that featured works by multiple artists.

All this while he takes care of the work of his foundation, which since its founding in 1991 has donated over $ 230 million to programs supporting Jewish life, education, entrepreneurship. , libraries, etc., according to the group’s website. Grinspoon also designs smaller sculptures that can be placed inside, Calabrese noted.

“He’s not showing any sign of slowing down – just tremendous energy,” she said.

Steve Pfarrer can be reached at spfarrer@gazettenet.com.

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The “permanent job losers” are no richer than they were last summer. But most of the 18 million people who lose their jobs in temporary layoffs are working again https://erudit.media/the-permanent-job-losers-are-no-richer-than-they-were-last-summer-but-most-of-the-18-million-people-who-lose-their-jobs-in-temporary-layoffs-are-working-again/ https://erudit.media/the-permanent-job-losers-are-no-richer-than-they-were-last-summer-but-most-of-the-18-million-people-who-lose-their-jobs-in-temporary-layoffs-are-working-again/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/the-permanent-job-losers-are-no-richer-than-they-were-last-summer-but-most-of-the-18-million-people-who-lose-their-jobs-in-temporary-layoffs-are-working-again/ It has taken years the last two times to bring back the permanent job losers, and it hasn’t even started yet. Through Wolf richter for WOLF STREET. Employers said they added 916,000 workers to their payroll in March and 1.62 million in the past three months (green line in graph). That brought the total number […]]]>

It has taken years the last two times to bring back the permanent job losers, and it hasn’t even started yet.

Through Wolf richter for WOLF STREET.

Employers said they added 916,000 workers to their payroll in March and 1.62 million in the past three months (green line in graph). That brought the total number of jobs in “establishments” – businesses, governments and nonprofits – to 144.1 million, still down 8.4 million jobs from February 2020, according to the Bureau of Labor Statistics this morning.

Households reported that 609,000 more people were working in March than in February, including odd jobs, and that in the past three months, 1.02 million more people were working compared to the end of the year. year, bringing the total number of workers to 150.8 million, still down by 7.9 million compared to February 2020 (green line):

Temporary job losers return to work. The “permanent losers” face a long struggle.

Among workers still unemployed, 2.03 million said they were on temporary layoff or on leave in March, the lowest since February 2020, down 1.01 million in the past three months and 16 million in March. compared to the April high (green columns in the graph below). This includes workers in the discretionary services sector that has been hit hardest by the pandemic, such as gyms, hair salons, bars, restaurants, sports and entertainment venues, airlines, hotels. , etc.

But the number of “permanent job losers” fell by only 65,000 in March and, at 3.4 million, was higher than it had been in December and August. In other words, these permanent job losers have not made significant progress in returning to work (red line):

This jobs crisis was very different.

In the previous two job crises, permanent job losers dominated the scene from day one (red line), and those seen as temporary job losers (green columns) were not a significant factor . At the time, most layoffs were considered permanent.

But at the start of the pandemic, when layoffs exploded overnight, most of the layoffs were told, and were considered to be, on temporary layoff.

Bringing back those permanent job losers has taken many years the last two times, and it hasn’t even started this time around:

Labor force in the same narrow range since July.

The labor force – people working or deemed to be looking for work – in March, at 160.6 million, was still down 3.9 million from February 2020, stuck in the middle of the range that has persisted since July 2020. burst:

The employment-to-population ratio has increased, dismal in the long run.

The employment-to-population ratio rose to 57.8%. It compares the number of people in the labor force to the working-age population (16 years or older) and is the broadest measure of employment.

Over the past two decades, it has followed a dismal trend. As always, it has fallen with every recession. But since 2000, the ratio has never fully recovered until the next jobs crisis.

Attribute this phenomenon to the widespread offshoring of labor which is a high priority in recessions as companies cut costs and use recession blanket to put jobs to cheap countries – not just in manufacturing, but in many areas. increasingly in services, such as technological work, health care. , legal work, research, design centers, etc .:

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Dan Orlovsky: Former Lions offensive coordinator fell asleep in the middle of a game https://erudit.media/dan-orlovsky-former-lions-offensive-coordinator-fell-asleep-in-the-middle-of-a-game/ https://erudit.media/dan-orlovsky-former-lions-offensive-coordinator-fell-asleep-in-the-middle-of-a-game/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/dan-orlovsky-former-lions-offensive-coordinator-fell-asleep-in-the-middle-of-a-game/ ALLEN PARK – Former Lions quarterback Dan Orlovsky played for some pretty tough teams during his time in Detroit. Orlovsky even ran out of the back of the end zone during the team’s 0-16 season, but his latest story could take the cake. Orlovsky asked about his ‘most dysfunctional Detroit stories’ while featured on former […]]]>

ALLEN PARK – Former Lions quarterback Dan Orlovsky played for some pretty tough teams during his time in Detroit. Orlovsky even ran out of the back of the end zone during the team’s 0-16 season, but his latest story could take the cake.

Orlovsky asked about his ‘most dysfunctional Detroit stories’ while featured on former NFL defensive end Chris Long’s “Green Light” Podcast. The former Lions quarterback didn’t disappoint, saying one of the team’s former offensive coordinators fell asleep during an actual game.

“The series begins – the series – we just had like a change of possession. They had kicked, the series begins, we trot for the first place, and silence on the call, ” Orlovsky said during the podcast. “Our offensive coordinator at the time fell asleep in the cabin. In the cabin. Our guys are in the field waiting for a play call, and all you hear is, (simulates humming noises).

“(He) fell asleep in the middle of an NFL football game when we had the ball as a player.”

Long jokingly replied, “I always noticed that the lights were a bit off in this stadium.” Listen below for a preview of the interview:

Related: NFL to provide responsive, prerecorded crowd noise for fanless Lions games at Ford Field

Orlovsky did not reveal the name of the offensive coordinator responsible for the embarrassing moment. But, the quarterback was with the Lions between 2005-2008 and then again from 2014-2016.

The offensive coordinators employed by Detroit while Orlovsky was on the roster were: Ted Tollner, Mike Martz, Jim Colletto, Joe Lombardi and Jim Bob Cooter. Orlovsky is currently one of ESPN’s new hosts for “NFL Live”. He recently spoke with MLive about the potential use of rookie running back D’Andre Swift and kept a good sense of humor concerning his infamous blunder.

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What Changed In The Crypto Markets While You Were Asleep – April 6 https://erudit.media/what-changed-in-the-crypto-markets-while-you-were-asleep-april-6/ https://erudit.media/what-changed-in-the-crypto-markets-while-you-were-asleep-april-6/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/what-changed-in-the-crypto-markets-while-you-were-asleep-april-6/ Bloomberg Hertz once cursed bounced so much that even the editors were right (Bloomberg) – Deep in the pandemic, it wasn’t even clear that Hertz Global Holdings Inc. would be here today, leasing cars, and the surprises didn’t end there. The Wall Street giants who buy out the company in bankruptcy make bondholders whole and, […]]]>

Bloomberg

Hertz once cursed bounced so much that even the editors were right

(Bloomberg) – Deep in the pandemic, it wasn’t even clear that Hertz Global Holdings Inc. would be here today, leasing cars, and the surprises didn’t end there. The Wall Street giants who buy out the company in bankruptcy make bondholders whole and, more astonishingly, get around $ 8 per share for shareholders. It’s rare for shareholders to get anything in Chapter 11 cases, let alone those involving companies so severely hampered by Covid-19 lockdowns, and $ 8 stands out for another reason. Before day traders did GameStop Corp. The hottest action on Earth at the start of this year, Hertz was their toy after filing for bankruptcy. They nailed the price, even if they didn’t get any new stock: each of them paid no more than $ 6.25 for a stock which even Hertz said at the time that it could be “worthless”. the most notable rebounds in recent memory, which almost perfectly mirrored the wild V-shaped recovery in the US economy. The company, its creditors and shareholders can thank an incredibly rapid recovery driven by revival in travel demand and consumer confidence. Just two months ago, shareholders were going to be wiped out by his bankruptcy plan, and days ago they were in line for about $ 2.25 Global semiconductor shortage is hampering new car sales , which also helps Hertz. Because used car prices have soared as a result, it can charge customers more and get the best price when selling unnecessary vehicles. “No one could have predicted this confluence of events,” said Maryann Keller, an independent consultant who was a board member of Dollar Thrifty Car Rental, which sold to Hertz in 2012. “Who would have known that the Would automakers not be able to ship cars due to a semiconductor shortage? And that this would happen as the economy reopens and travel rebounds. She is not surprised that the company has generated a lot of interest from buyers. “There should be a bidding war,” she said in an interview before the best and latest bids arrive. “It’s partly the name of the brand, partly it’s international. They can be successful. They just need to have the right people in place. Things are not perfect at Hertz. The company’s sales, which hit an annual record of $ 9.8 billion in 2019, have not returned to pre-pandemic levels. But optimism abounds as the economy booms and Americans, annoyed after being stranded at home, hit the road in rental cars. The auction pitted Knighthead Capital Management and Certares Management against a group led by Centerbridge Partners, Dundon Capital Partners and Warburg Pincus. Knighthead and Certares won with a plan valuing Hertz, including debt, at around $ 7.4 billion. dollars question who asked not to be named discussing a private deal. The proposal offers full repayment to debt holders and gives institutional and accredited investors about $ 240 million in cash and the ability to participate in a $ 1.6 billion rights offering or warrants for about $ 20. % of the company reorganized. That leaves out guys like the college students who speculated on Hertz after last year’s buzz on Reddit. The betting community will qualify. Prior to the event, contestants were already hanging Chapter 11 rarities like full debt collections and money for stocks. The long-drawn-out fight was almost unthinkable in May 2020, when Hertz rushed into bankruptcy protection after pandemic shutdowns that drove his healthcare revenues to near zero in a matter of weeks. Initially, this was to be the case with Hertz, with a reorganization plan filed on March 2 completely wiping out the shareholders. “The rising value that everyone sees here is really a function of the company’s ability to meet its business plan forecasts in 2022 and 2023.” Hertz attorney Thomas Lauria said at a hearing bankruptcy in April. “It depends on the size, the aging and the aging of the fleet over those two years.” And this is where the global chip shortage could become a problem, whether it prevents Hertz from buying enough new cars or forces it to keep buying used cars – with their alienating smells and stains for them. the customer – at high prices. “All the benefits that people care about so much could be lost or impaired,” Lauria said. For now, chip disruption is an advantage. Prices for used rental cars rose 32% in April from a year earlier, according to Manheim, the country’s largest used car auction house. Not only does this mean that Hertz gets more when downsizing its fleet, it also means that the company doesn’t have to depreciate the value of cars as much as it still owns, which contributes to profits. “The used vehicle market has recovered, which has been a lucky result for Hertz in hindsight,” said George Schultze, Founder and CEO of Schultze Asset Management. “If that wasn’t the case, then the requirement that the company sell its vehicles would have meant a haircut for debt holders, even in the highest part of the capital structure.” Hertz’s comeback, with a full recovery for bondholders after trading 10 cents on the dollar a year ago, “has been an incredible comeback” for credit investors, Schultze said. But the question is whether after the bankruptcy Hertz can avoid further surprises. “, did he declare. The case is The Hertz Corporation, 20-111218, US Bankruptcy Court for the District of Delaware (Wilmington) For more articles like this please visit us at bloomberg.com with the most economic news source reliable. © 2021 Bloomberg LP

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Asian-American communities lagging behind in recovery from pandemic https://erudit.media/asian-american-communities-lagging-behind-in-recovery-from-pandemic/ https://erudit.media/asian-american-communities-lagging-behind-in-recovery-from-pandemic/#respond Wed, 07 Apr 2021 23:14:54 +0000 https://erudit.media/asian-american-communities-lagging-behind-in-recovery-from-pandemic/ Asian-American communities are disproportionately represented in industries that have been slow to recover from the pandemic, affected by a lack of language support and other outreach activities from the federal government, advocates say. Ton gives James Henry a haircut in his shop. (Caroline Brehman / CQ Roll Call) President Donald Trump’s rhetoric around the virus, […]]]>

Asian-American communities are disproportionately represented in industries that have been slow to recover from the pandemic, affected by a lack of language support and other outreach activities from the federal government, advocates say.

Ton gives James Henry a haircut in his shop. (Caroline Brehman / CQ Roll Call)

President Donald Trump’s rhetoric around the virus, which he has repeatedly called “the Chinese virus” or described using a racist slur, has not helped, said Jo-Ann Yoo, executive director of the Federation Asian American. Many Asian-American business owners have said their earnings first declined in January, when coronavirus cases were first confirmed in the United States and hate crimes against Chinese and Chinese Americans. began to increase.

You fear that the current crisis will worsen if the economic recovery does not resume. She argued that Asian Americans have had to struggle against the stereotype of the “model minority” for too long, which masked a need for help.

“It’s going to be economic devastation beyond what we think. I just feel like I don’t want to say it, but I feel like, ‘Oh my god this is depression,’ ”Yoo said.

Representative Judy Chu, D-Calif., Who chairs the Congressional Asian Pacific American Caucus, pointed out that Asian-American-owned businesses in her district and across the country saw their revenues decline before pandemic lockdowns. strike in March.

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