Loans – Arab Center http://arabcenter.net/ Fri, 01 Oct 2021 08:58:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://arabcenter.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Loans – Arab Center http://arabcenter.net/ 32 32 Look: a twin-engine plane has a hard landing at Barnes Municipal Airport; no injuries reported https://arabcenter.net/look-a-twin-engine-plane-has-a-hard-landing-at-barnes-municipal-airport-no-injuries-reported/ https://arabcenter.net/look-a-twin-engine-plane-has-a-hard-landing-at-barnes-municipal-airport-no-injuries-reported/#respond Thu, 08 Apr 2021 02:38:33 +0000 https://arabcenter.net/look-a-twin-engine-plane-has-a-hard-landing-at-barnes-municipal-airport-no-injuries-reported/

WESTFIELD – The pilot of a private plane escaped uninjured after the twin-engine plane suddenly crashed during takeoff around noon Tuesday, according to Barnes Municipal Airport.

The pilot suffered no injuries, said airport manager Chris Willenborg.

The plane has been pulled off the tarmac and the airport is open, he said.

“He was trying to land and he lost directional control and that made him sink straight into the ground,” he said.

Video footage shows the aircraft descending the runway and about to take off. It takes off from the ground then suddenly turns. The left wing tip struck the ground and the aircraft landed prone and skidded on the runway.

Airport officials initially called the crash an “incident” and not an accident, but Willenborg said Barnes would notify the FAA and the National Transportation Safety Board and let them make the decision.

The FAA considers an accident is any event during the operation of the aircraft in which a person is killed or injured, and the aircraft is substantially damaged. An incident is a non-injury event where the aircraft sustains damage.

Willenborg said the cause of the loss of control of the plane was unclear. Winds at the airport have consistently been 15 to 20 mph for much of the day, he said.

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Clever, Sensex could recover from today’s setback – Monday’s closing report https://arabcenter.net/clever-sensex-could-recover-from-todays-setback-mondays-closing-report/ https://arabcenter.net/clever-sensex-could-recover-from-todays-setback-mondays-closing-report/#respond Thu, 08 Apr 2021 02:38:23 +0000 https://arabcenter.net/clever-sensex-could-recover-from-todays-setback-mondays-closing-report/

We had mentioned in the previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and are undergoing a major correction. On the NSE, there were 624 increases, 1371 decreases and 82 unchanged.

The trends of the main indices during Monday’s trading are given in the table below:

YES Bank loans and advances increased slightly by 0.8% year on year to reach Rs 1,728,850 crore at the end of March 2021. Deposits increased by 54.7% to Rs 1.62 lakh crore at the end of March 2021 against 1.05 Rs. Lakh crore by end of March 2020.

Mahindra & Mahindra might consider applying for a banking license by acquiring a public bank or a private bank, said Anish Shah, Managing Director and CEO of Mahindra & Mahindra (M&M).

Britannia Industries has declared an interim dividend of Rs 62 per share for fiscal year 2020-2021.

SAIL recorded quarterly sales of 4.27 million tonnes (MT) in the March 2021 quarter, up 14% year-on-year.

Adani Enterprises and its wholly owned subsidiary, Gare Palma II Collieries Private Limited, have signed a coal mining agreement with the Maharashtra State Power Generation Company.

Adani Ports has signed an agreement with Vishwa Samudra Holdings, to acquire the remaining 25% of the port of Adani Krishnapatnam, where it currently holds 75% of the capital.

HDFC Bank advances at the end of March 2021 amounted to Rs 11.320 billion, up 13.9% from Rs 9.937 billion year-on-year. Deposits reached 13.350 billion rupees, an increase of about 16.3% from 11.475 billion rupees as of March 31, 2020.

Bank of India will consider the preferential allocation of Rs 3,000 crore shares to the Indian government after obtaining shareholder approval.

Parag Milk Foods plans to increase Rs 316 crore through preferential allocation of shares, FCCB and other instruments. IFC and Sixth Sense Venture Advisors LLP will invest Rs 155 crore and Rs 50 crore respectively. The promoter and family will further invest Rs 111 crore, keeping the promoter’s stake at 46%.

The main winners and losers of the main indices are shown in the table below:

The closing values ​​of the main Asian indices are given in the table below:

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FHLBank San Francisco releases cost of funds index for February 2021 https://arabcenter.net/fhlbank-san-francisco-releases-cost-of-funds-index-for-february-2021/ https://arabcenter.net/fhlbank-san-francisco-releases-cost-of-funds-index-for-february-2021/#respond Thu, 08 Apr 2021 02:38:13 +0000 https://arabcenter.net/fhlbank-san-francisco-releases-cost-of-funds-index-for-february-2021/

SAN FRANCISCO, March 31, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of San Francisco (Banque) announced on March 31, 2021 that the 11e The District Weighted Average Monthly Cost of Funds (“COFI”) index for February 2021 is 0.408%. The index for January 2021 was 0.457%.

As previously announced, the Bank will no longer calculate the COFI after the publication of the index from December 2021 to January 31, 2022, due to the significant drop in the number of financial institutions eligible to report the data used for the calculation of the indices.

COFI is calculated from the actual interest expense reported for a given month by savings institutions in Arizona, California and Nevada that are members of the Bank that meet the Bank’s criteria for inclusion in COFI. (“COFI declaring members”). For February 2021, 9 eligible institutions reported COFI data. Changes in interest rates on variable rate mortgages offered by many financial institutions are linked to the COFI changes.

Although the Bank makes a good faith effort to be precise in the calculation and publication of the COFI, the Bank does not guarantee, confirm or guarantee the accuracy of the data it receives from its COFI reporting members, l ‘accuracy of the COFI calculation, or the accuracy of the COFI as published. The Bank does not examine the books and records of its COFI reporting Members in order to confirm the accuracy of the data they provide to the Bank and used to calculate the COFI, and the Bank expressly disclaims any liability that may arise from any use of COFI or use of inaccurate data received from its COFI reporting members in the calculation of COFI. In addition, the Bank expressly declines any liability towards any person for any inaccuracy in the COFI, whatever the cause, or for any damage resulting therefrom.

The Bank accepts data for COFI for a given month from COFI reporting members until 12:00 noon California time on the last business day of the following month and publishes COFI for that given month based on the data received at that time. the. The Bank will neither revise nor republish the COFI for a given month on the basis of new or corrected data received after that date and expressly disclaims any liability that may arise therefrom. In addition, although the Bank makes a good faith effort to publish COFI on the last business day of the following month at or after 3:00 p.m. California time, the Bank does not guarantee that it will always publish COFI on that date and time, and the Bank expressly declines any responsibility for any delay in the publication of the COFI.

Certain corporate activities, such as charter changes or mergers, may cause the Bank to determine that a financial institution no longer qualifies as a reporting member of COFI and will no longer be included in COFI. Likewise, if the bank membership of a COFI reporting member is terminated, they will no longer be included in COFI. The impact of these deletions on COFI will depend entirely on the amount of interest expense and total funds of the deleted entity, and can be significant.

For more information and information on the calculation of COFI, dismissal of a COFI-declaring member and other matters relating to COFI, visit the Bank’s website at www.fhlbsf.com.

CONTACT: Mary Long, 415-616-2556 (office), 415-572-6717 (mobile), longm@fhlbsf.com

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Against PSG, Lille clings to first place while the bottom falls https://arabcenter.net/against-psg-lille-clings-to-first-place-while-the-bottom-falls/ https://arabcenter.net/against-psg-lille-clings-to-first-place-while-the-bottom-falls/#respond Thu, 08 Apr 2021 02:37:57 +0000 https://arabcenter.net/against-psg-lille-clings-to-first-place-while-the-bottom-falls/

There’s a reason even José Mourinho, who isn’t one to compliment other humans, is happy to talk about his friend’s “great career”. Campos, after all, is the technical director who rebuilt the Monegasque team that made the semi-finals of the Champions League in 2017 and was then sold across the continent for the better part of a billion euros.

His work in Lille was, discreetly, no less impressive, even if he was never, technically, an employee of the club. Instead, he was employed by a company called Scoutly, which was 100% owned by Victory Soccer, the vehicle through which López and Ingla owned Lille.

López insisted that this Byzantine approach was necessary for Campos to operate “independently” in the market. Either way, Lille benefited from the arrangement. Its workforce is full of the fruits of Campos’ labor: Boubakary Soumaré and Jonathan Ikoné, spotted in the ranks of the reserve at PSG; Zeki Celik, snatched from the shadows of the Turkish Second Division; Renato Sanches, offered himself a chance to rejuvenate after four years in the wilderness; and the two crown jewels, the most salable assets, the Dutch defenseman Sven Botman and the Canadian striker Jonathan david.

The belief that together they could one day be worth as much as this Monegasque team of Mbappé, Bernardo Silva and Fabinho and the others was, of course, exaggerated. This assumption was based on the idea that each player would reach their maximum value, but it was, for a time, an explainable delusion.

That changed as soon as the pandemic hit, and it calcified as the scale of French football’s financial crisis came to light. Ligue 1 expects to sign a new television deal in the coming weeks, almost certainly with Canal Plus, the broadcaster it abandoned last summer.

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Braintree Board Approves $ 7 Million Capital Spending Plan https://arabcenter.net/braintree-board-approves-7-million-capital-spending-plan/ https://arabcenter.net/braintree-board-approves-7-million-capital-spending-plan/#respond Thu, 08 Apr 2021 02:37:38 +0000 https://arabcenter.net/braintree-board-approves-7-million-capital-spending-plan/

BRAINTREE – Despite concerns about the city’s finances, city council this week unanimously approved a $ 7 million capital expenditure plan for water system repairs, road works and other expenses.

The money to pay for the plan will come from loans, reserve funds, income from self-funded departments, state aid, and grants.

The vote on the plan on Tuesday night follows Mayor Charles Kokoros’ announcement that he asked city departments to figure out what it would cost to maintain current services and then cut that amount by 10% in their recommendations. budget for the year starting July 1.

Nicole Taub, Kokoros’ chief of staff, said the package includes items that city departments see as “necessities”, and some are part of multi-year programs.

FOLLOWING: Braintree Schools Consider Possible Budget Cuts

Due to the coronavirus pandemic, the city is considering a sharp drop in hotel tax, meal tax and excise tax revenues with an estimated shortfall of $ 10 million.

Kokoros said the city is starting the budget process on the conservative side.

“This year we have a very tough budget,” Kokoros said. “I hope we don’t have to go up to 10 percent (reduction.)”

FOLLOWING: Grim budget record for cash-strapped South Shore cities

District 5 City Councilor Meredith Boericke, who chairs the Ways and Means Committee, said council recommended the package before hearing about the budget situation.

She said capital spending was “the lowest in recent years” and about half of what was approved a year ago.

Edward Spellman, the city’s finance director, said borrowing to cover expenses would not affect the city’s budget until the 2022-2023 budget year. Since the city will have paid off some loans by then, this will add $ 41,000 to the city’s debt service payments.

The biggest part of the package is $ 3 million for repairs to the city’s water system.

“We have a lot of pipes that are really old,” said James Arsenault, director of public works.

The money for this work will come from the revenues of the water department.

Another $ 1.65 million will go to repair and repaving the city’s roads. This money will be supplemented by $ 1 million from the state.

The package also includes $ 150,000 for the Americans with Disabilities Act compliance work, $ 50,000 to expand the parking lot at the Seniors Center and $ 40,000 for HVAC and lighting upgrades at Thayer’s Public Library.

There was $ 66,000 set aside for the town’s game for a grant to purchase a new fire pump.

While some advisers have said they are open to postponing action on the plan, no motion has been made to do so.

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20 American real estate moguls or Facebook’s Mark Zuckerberg? https://arabcenter.net/20-american-real-estate-moguls-or-facebooks-mark-zuckerberg/ https://arabcenter.net/20-american-real-estate-moguls-or-facebooks-mark-zuckerberg/#respond Thu, 08 Apr 2021 02:37:16 +0000 https://arabcenter.net/20-american-real-estate-moguls-or-facebooks-mark-zuckerberg/

Bulle watch”Digs into trends that may indicate upcoming economic and / or real estate problems.

Buzz: The country’s richest landowners may have dodged a pandemic bullet, but they collectively look relatively poor compared to, say, a Silicon Valley icon.

Source: Reviewing my trusty Forbes annual ranking of the world’s billionaires spreadsheet.

The trend

If you were looking to burst a commercial real estate bubble, first think about the wealth of the 20 richest real estate moguls in the country – a list that includes six Californians: Donald Bren, John Sobrato, Edward Roski, Jr., Rick Caruso, Donald Sterling and Jay Paul. Together they are worth $ 97 billion. If you think it’s a lot of money, well, it’s not in rich math these days.

A scorching stock market, especially for tech investments, means those 20 fortunes combined only match Facebook founder Mark Zuckerberg for the fifth largest individual fortune in the world, according to the Forbes tally. Yes, attached!

Dissection

Commercial real estate – where most of the real estate wealth is located – appears to have averted a major pandemic.

Various government aids, cheap finance, and a little patience have given smart homeowners enough flexibility to exit the coronavirus economy with just a few bruises.

Look at these 20 real estate moguls as a sort of clue to commercial properties. Their strengths include everything from office parks to iconic skyscrapers; apartments for the working class and the rich; and shopping centers ranging from shopping malls to iconic shopping centers.

The combined net worth of the 20 tycoons of $ 97 billion is actually up $ 13 billion, or 16%, since the spring of 2020, when coronavirus lockdowns slowed the economy.

It’s an impressive performance if you think back to when the pandemic was first brewing and remember that most landlords and landlords feared the worst – everything from housing fill issues and perception. from rents to meltdowns in financial markets and loans.

These concerns were the reason the total real estate fortunes of the top 20 were reduced to $ 84 billion from $ 100 billion – a 15% drop – in the year that ended in the spring. 2020.

That leaves a $ 97 billion question: who is too rich?

Yes, Zuckerberg’s wealth – tied to the market value of his business – was in a similar situation a year ago. Since equity investors had no pandemic experience, “selling” was the knee-jerk reaction of most traders.

Much like the real estate crowd, Zuckerberg’s wealth has plummeted: a drop of $ 7 billion – or 12% – in the year ending at the start of the pandemic era.

But stocks, especially those in tech niches, didn’t stay down for long.

Over the past year, the Facebook CEO’s wealth has grown 77% – that’s $ 42 billion if you count – to tie in the value of the 20 collective wealth of the real estate tycoons.

This surge in stocks placed Zuckerberg in fifth place among the richest in the world behind Amazon’s Jeff Bezos ($ 177 billion); Tesla’s Elon Musk ($ 151 billion); Bernard Arnault of LVMH retail wealth in France ($ 150 billion); and Microsoft co-founder Bill Gates ($ 124 billion).

How sparkling?

On a scale of zero bubble (no bubble here) to five bubbles (five alarm alert) … TWO BUBBLES for commercial real estate and FIVE BUBBLES for technology stocks.

Think about the reach of those seemingly extravagant tech stock market bonuses for, say, the biggest individual fortune in American real estate.

Donald Bren, the 88-year-old owner of real estate giant Irvine Co., is again ranked by Forbes as the richest individual real estate owner in the country. Newport Beach-based Bren’s $ 15.3 billion empire was ranked as the sixth largest real estate fortune in the world and was No.132 on Forbes’ list of global billionaires. That is 127 places behind Zuckerberg.

But that was a two-year stagnation for Bren, according to Forbes’ calculations. His net worth has fallen 1% in the past year after dropping 5% in the previous 12 months.

Zuckerberg? In the last year alone, the stock market has essentially added nearly three fortunes of Bren’s size to his net worth.Jonathan Lansner is an economics columnist for the Southern California News Group. He can be contacted at jlansner@scng.com