Money – Arena Kiev

Where C-PACE Loans Work Best

Evelyn J. Archuleta — Wed, 05 May 2021 07:02:47 +0000

Commercial real estate owners navigating the lending landscape can tell you that there are a slew of options available from private lenders.

But Randy Eckers, chair of Akerman’s Real Estate Finance practice, says there is one possibility that many borrowers tend to overlook—Commercial Property Assessed Clean Energy (C-PACE) loans. With these loans, property owners can make energy efficient, water conservation and renewable energy upgrades to their assets.

C-PACE financing can be a strong option for new construction and retrofits to properties completed in the past. interest on loans can be used for any number of property types, including multifamily, retail, hospitality and any other property that needs a boost.

“C-PACE loans can be used to finance a variety of improvements on all sorts of projects,” Eckers says. “The easiest way to think about it is that you’re financing hard and soft costs for sustainable improvements at a property.”

These owners may be looking to refinance or pay down a portion of their existing loans. Generally, these fixed-rate loans offer interest rates in the 5% to 6% range, usually lower than private equity rescue capital. Additionally, they don’t require personal guarantees.

“These loans are pretty long term,” Eckers says. “They’re designed for the term to match the useful life of the equipment that’s being installed using the C-PACE loan. So it’s a 20- to 30-year term, and it will self-amortize. It just stays on the property. So the properties are really transferable. The loans are not personal in nature to the borrower. It’s like any other assessment that is on a property.”

C-PACE loans aren’t like Paycheck Protection Program (PPP) loans, which have a finite supply of funding.

“It’s funded with private capital, but the partnership with the public relates to the ability of those lenders to place an assessment on the real property tap trackers,” Eckers says. “It’s not public money.”

C-PACE loans can finance things like LED lighting, windows, solar panels or anything that creates water conservation or seismic improvements. C-PACE loans offer a look-back period, where owners can apply them to changes made in the past few years.

“If you’re talking about a new development of a project, roughly between 20% and 40% of the hard and soft costs can be financed using the C-PACE loan,” Eckers says.

C-PACE loans fit into the capital stack like a sewer or water assessment on your property. Eckers says the program is specific to the one property that is being upgraded with sustainable improvements.

“It gets put on the tax rolls of the property and the owner of the property gets billed just like sewer assessment or a tax, but it’s two times a year,” Eckers says. “What they’re paying is essentially the debt service on that C-PACE loan.”

Compare Current Refinance Rates | NextAdvisor with TIME

Evelyn J. Archuleta — Wed, 05 May 2021 02:49:59 +0000

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How to use our mortgage refinance rate table

The NextAdvisor mortgage refinance rate table is a great way to see personalized refinance rates.

To get your results, select “Refinance,” and then enter your ZIP code and the range your credit score falls into. Then enter the details of your home and your current mortgage including: loan balance and term, the type of property, whether it’s your primary residence or a second home and its estimated value. Finally, enter your military status and click the box to “include FHA loan options” if that is a mortgage type you’re interested in.

The refinance rate you qualify for varies depending on a variety of factors, so keep in mind that the rates displayed are only estimates.

How mortgage refinance rates work

Your refinance rate is the interest rate you’ll pay on the money you’re borrowing. The total dollar amount you’ll pay in interest charges will vary not only with your interest rate, but also depending on the size of your loan and the length of your repayment term.

Your mortgage’s amortization schedule will show exactly how much of each monthly payment is paying off the loan principal and how much goes to paying interest. You can get a good estimate of your payments using the NextAdvisor amortization calculator.

How to find the best refinance rate

Make sure to shop around to find the best mortgage refinance rates because interest rates vary from lender to lender. How each lender evaluates your situation may differ, but by following these steps, you can ensure you’re getting the best rate you’re eligible for.

Build your credit

Your credit score plays a big role in what refinance rate lenders will offer you. So before you apply for a loan, be sure to review your credit reports for any errors. It’s also important to pay down debt and pay all of your bills on time over the long haul to ensure that your credit score is as high as possible.

Pay attention to LTV

Your loan-to-value ratio (LTV) measures how much equity you have in your home. Having a lower LTV will help you get a lower interest rate, so you should try to aim for an LTV of no more than 80%. If you’re rolling the refinance fees into your new loan with a no-cost refinance, then you’ll need to have enough equity to absorb the extra costs.

Decide on your loan term

The length of your loan’s repayment term will also impact your refinance rate. Shorter term loans have lower rates than longer repayment terms, all else being equal. Ideally, your new refinance loan won’t be adding years onto your mortgage, but you can also pay off your mortgage more quickly with a shorter loan term. The downside is that shorter repayment terms will increase your monthly payment, so you’ll need to be able to fit a bigger mortgage payment into your budget.

Choose the type of refinance loan

Certain types of refinancing typically have higher interest rates. If you want the lowest rate, avoid cash-out refinancing. When you turn your equity into cash with a cash-out refinance loan, it increases your LTV and can push your interest rate up.

Shop around for the lowest fees

When shopping for rates don’t only focus on the interest rate, you should also pay attention to the annual percentage rate (APR). A loan’s APR also takes into account certain fees, so one loan could have a lower interest rate, but have a higher APR. You can easily compare closings costs and fees by reading the Loan Estimate your lender provides after you apply.

What Are Today’s Refinance Rates?

On Tuesday, May 04, 2021 according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the average 30-year fixed mortgage refinance rate is 3.140% with an APR of 3.290%. The average 15-year fixed mortgage refinance rate is 2.440% with an APR of 2.650%. The average 5/1 adjustable-rate mortgage (ARM) refinance rate is 3.120% with an APR of 4.020%.

Current Mortgage and Refinance Rates

Product	Interest Rate	APR
30-Year Fixed Rate	3.140%	3.290%
30-Year FHA Rate	2.870%	3.730%
30-Year VA Rate	2.690%	2.880%
30-Year Fixed Jumbo Rate	3.160%	3.220%
20-Year Fixed Rate	3.040%	3.190%
15-Year Fixed Rate	2.440%	2.650%
15-Year Fixed Jumbo Rate	2.460%	2.510%
5/1 ARM Rate	3.120%	4.020%
5/1 ARM Jumbo Rate	3.030%	3.900%
7/1 ARM Rate	3.160%	3.880%
7/1 ARM Jumbo Rate	3.230%	3.820%
10/1 ARM Rate	3.310%	4.010%

Product	Interest Rate	APR
30-Year Fixed Rate	3.090%	3.300%
30-Year FHA Rate	2.910%	3.760%
30-Year VA Rate	2.690%	2.870%
30-Year Fixed Jumbo Rate	3.110%	3.210%
20-Year Fixed Rate	2.990%	3.170%
15-Year Fixed Rate	2.380%	2.670%
15-Year Fixed Jumbo Rate	2.380%	2.450%
5/1 ARM Rate	3.260%	4.030%
5/1 ARM Jumbo Rate	3.390%	3.980%
7/1 ARM Rate	3.150%	3.830%
7/1 ARM Jumbo Rate	3.240%	3.770%
10/1 ARM Rate	3.290%	3.990%

Rates as of Tuesday, May 04, 2021

These refinance rate averages are based on weekday mortgage rate information provided by national lenders to Bankrate.com. These marketplace average rates for a variety of refinance loan types are updated daily, though it is possible rates have changed since this was last updated.

NextAdvisor’s Mortgage Refinancing Guide

What is a mortgage refinance?

A mortgage refinance involves taking out a new loan to pay off your current mortgage.

Refinancing your mortgage can help you in a number of ways. The biggest is the potential to save money by lowering your monthly mortgage payment, locking in a lower interest rate, adjusting the length of your loan, or getting rid of private mortgage insurance. You also might want to refinance to cash out some of your home equity and pay for home renovations or other expenses.

The process is similar to taking out an original home mortgage, so you should prepare in the same way. Before you apply, research your best options and organize all the financial documents you’ll need. You’ll want to shop around for the best refinance rates and loan terms.

How are refinance rates different from mortgage purchase rates?

Refinance rates typically move in tandem with mortgage purchase rates. If purchase rates are increasing, you can expect refinance rates to increase as well — and vice versa. And your personal financial situation will impact refinance rates in the same way it affects mortgage purchase rates. So a high credit score is essential to getting a better rate.

But in many cases, refinance rates tend to be slightly higher than mortgage purchase rates. The type of refinance you are using will also affect your rate. A cash-out refinance is considered more risky and will usually have a higher interest rate. The amount of equity you have in your home also matters, more equity tends to lead to lower rate

When should you refinance?

Whether or not you should refinance your existing home depends a lot on current refinance rates and how they compare to your existing mortgage. When you refinance, you can expect to pay 3%-6% of the new loan amount upfront in closing costs (or, that figure can be added directly to your new loan). With that in mind, crunch the numbers to ensure you’ll be saving over the life of the loan. If you aren’t planning on staying in your current home for the long term, then you may not have enough time to recoup the costs.

Refinancing is an opportunity to lower your monthly payment and create some room in your monthly budget. The best way to do this is by scoring a significantly lower interest rate. You could also create short-term savings by choosing a new loan with a longer term, such as trading a 15-year mortgage for a 30-year mortgage. In that case, the tradeoff is that you’ll end up paying more interest over the life of the loan. So you’ll have to balance your priorities.

What is a good refinance rate?

Mortgage refinance rates have been dropping since the COVID-19 pandemic began and have hit record lows dipping below 3% for the first time ever in August and September. A big factor impacting mortgage refinance rates has been the Federal Reserve’s desire to stimulate the economy with low interest rates. And it doesn’t look like interest rates will be increasing anytime soon, as the Federal Reserve has indicated it expects to keep interest rates low for years to come.

That’s good news if you’re hoping to refinance your mortgage, but you can expect refinance rates to creep up slightly starting in December 2020. This is when Fannie Mae and Freddie Mac will introduce a new Adverse Market Refinance Fee, which will apply to new mortgage refinances that meet their guidelines. While this fee is technically paid by the lender, the cost will likely be passed along to the borrower in the form of higher interest rates or fees.

Although average rates are extremely low, that doesn’t necessarily mean you’ll be able to qualify for a refinance rate of 3% or less. Lenders offer better refinance rates to borrowers with stronger financial profiles and credit scores.

Even if you can get the lowest advertised interest rate, you also need to pay attention to the annual percentage rate (APR), which factors in fees. You may get a low interest rate, but pay excessive origination fees or discount points. In that situation you could end up with a higher APR as the refinance could be more expensive than advertised. So take the time to compare mortgage lenders and be sure you’re getting the best overall deal.

Mortgage interest rate vs. APR

When comparing offers, make sure you look at the difference between the interest rate and the annual percentage rate (APR). The interest rate is what you’ll pay on the principal loan, while the APR includes the interest rate, other mortgage fees, and some closing costs. When looking at APRs, ask the lender what fees are included in the APR calculation so you can be sure you’re making an apples-to-apples comparison.

Can you negotiate refinance rates?

Refinance rates aren’t exactly the kind of thing you can negotiate, but you can shop around. Getting loan estimates from 2-3 different lenders allows you to compare rates and fees against one another. Then you can negotiate for lower fees or a better rate.

Types of refinancing

Nearly all types of refinance loans fall under the “rate and term” category, which is simply when either the rate or repayment term on your mortgage is changed. Typically, you’re replacing your existing loan with one that has a more favorable interest rate or terms. A longer loan term will have smaller monthly payments, but you’ll pay more interest over the life of the loan. A shorter term loan will have a lower interest rate, but a higher monthly payment.

There are also other types of refinance loans that apply to specific situations.

Cash-out refinance

A “cash-out” refinance is used to turn your home’s value into cash. For example, if you had a $50,000 mortgage and your home is worth $100,000, you could refinance for $80,000 and pocket the extra $30,000. This could give you an opportunity to make improvements that increase the value of your home, assuming you’re financially secure enough to take on the increased debt.

Cash-in refinance

Another type of refinance is a “cash-in” refinance, where you can pay down your loan as part of the refinance to get a smaller monthly payment. Increasing your equity, or decreasing your principal balance relative to the value of your house, could also help you drop private mortgage insurance payments.

FHA streamline

If you currently have a mortgage backed by the Federal Housing Administration (FHA) you could take advantage of the FHA Streamline Refinance program. This type of refinance functions like other refinancing options, but has different qualification standards. There’s no credit score minimum, income requirement, or home appraisal needed to qualify for the program. Instead, you need a history of on-time payments and the refinance must be beneficial for the homeowner, which typically means it will result in either lower payments or a shorter mortgage term.

Is now a good time to refinance?

In 2020, rates hit new all-time lows, sparking a refinance boom. However, as interest rates have slowly increased, the number of borrowers looking to refinance has begun to shrink. But that doesn’t mean it’s not an excellent time to refinance. Refinance application numbers are still higher than before the pandemic.

If you haven’t refinanced recently, now’s a good time to consider it — if you can significantly reduce your interest rate or shave years off your mortgage. It’s important to factor in the thousands of dollars you’ll pay in upfront closing costs when you’re running the numbers. But reducing your monthly payment and paying off your mortgage much sooner can make the short-term costs well worth it over time. But this isn’t the case for everyone, because the lowest interest rates are available only to those with the best credit. Not only that, but lenders have tightened their standards recently, and if you don’t have a secure source of income you may not be able to qualify for a refinance. So while this is an excellent time for many to consider a mortgage refinance, it doesn’t make sense for everyone.

Where are refinance rates headed?

This year rates have been a bit up and down. We saw two months of steady increases, followed by a month-long decline in April. But even with these fluctuations, rates are still favorable compared to the overall rate history of the last few years.

Many experts believe that rates will rise in 2021, but are likely to make only moderate gains by the end of 2021. This increase could be driven by an expanding economy as COVID-19 vaccination rates increase and the unemployed begin to return to work.

Preparing to Refinance

Once you’ve found the best refinance rates and terms for your situation, it’s time to close on the loan. The process of refinancing is similar to getting a mortgage when you first purchase a home, so you’ll follow many of the same steps.

When you refinance a mortgage you will be on the hook for closing costs, but you won’t have to pay what is generally the biggest out-of-pocket expense on a mortgage – a down payment.

What will you need to refinance

Getting all your paperwork in order before submitting a refinance application is a good way to make the closing process go more smoothly. Your lender should have a checklist for you, and it will include documents such as:

Proof of income: Your most recent pay stubs, W-2s, 1099s, or tax returns from up to the past two years are required to verify your income and employment status.
Proof of assets: Gather your most recent statements for bank accounts, retirement plans, and other investments.
Documentation of current debt: You will need account statements for your current home loan, credit cards, and any other loans you have, like student loans or auto loans.
Appraisal: Just like when you got your original mortgage, the bank will require you to have an appraisal done on the property to verify its current value.
Insurance: You will need proof of homeowners and title insurance.

You may also need additional documentation for any alimony or child support you receive or are required to pay. And if you have a large gap in employment or negative marks on your credit report, the lender may require a letter from you explaining those circumstances. Also, given the current economic environment, lenders are vetting applicants more closely. You should expect them to verify your employment up to the day of closing, and if closing takes longer than expected you may need to resubmit your most recent documentation.

How to refinance

The process of refinancing is similar to taking out a mortgage to purchase a home. But refinancing a mortgage should be much easier because you won’t need to go through the entire homebuying process.

1. Prepare to refinance

Before you submit an application, you should review your finances. Gather all the necessary documents and check your credit report ahead of time. That way, you can verify that your credit report has no errors or address them in advance. Getting everything in order ahead of time will make the process, from application to closing, more smooth.

2. Decide what type of refinance loan fits your goals

Refinancing your existing mortgage into a new loan can make sense for a variety of reasons, and your goals will determine what type of loan is best for you. You may need a cash-out refinance if you want to complete much needed home improvements. But a rate and term refinance could help you cut your interest rate or shave years off of your loan term.

3. Compare lenders

Every mortgage lender will assess your situation differently, so it’s important to shop around. In order to accurately evaluate offers, you’ll need to submit an application. Once you do that, you can compare the Loan Estimate each lender provides.

4. Choose the best lender

In most cases, finding the best mortgage lender isn’t simply a matter of choosing the offer with the lowest combination of interest rate and fees. You should also consider working with a loan officer who has experience with the type of refinance loan you’re applying for. For example, if you’re using an FHA streamline refinance or a VA streamline refinance, it will be advantageous for you to work with a lender that has experience navigating the ins-and-outs of these types of government-backed loans.

5. Close on the refinance loan

Once you’ve picked a lender, the closing process begins. Typically, it takes anywhere from one to two months to close on a mortgage refinance. During closing, the lender will verify all of your financial information, as well as confirm your home’s value with an appraisal. On the final day of closing you’ll pay any closing costs and sign all the necessary paperwork.

How much equity do you need to refinance?

Having 20% equity in your home before you refinance your mortgage is ideal, although you can qualify with less equity. Having at least 20% equity will help you get the lowest refinance rates. The other advantage to having 20% equity is you will be able to avoid paying private mortgage insurance (PMI).

When calculating how much equity you’ll need to refinance, don’t forget to consider refinance closing costs. You can pay for closing costs out of pocket, but if you have enough equity you typically can roll them into the new loan. In that case it’s best to have enough equity to absorb the closing costs and still maintain 20% equity in the property.

Is It Worth It to Refinance?

Deciding to refinance your existing mortgage isn’t as straightforward as comparing the interest rates. You could refinance into a lower rate, but if you’re paying excessive upfront fees it could wipe out any potential savings.

So you need to look at the big picture when considering a mortgage refinance.

What is the average cost of a refinance?

When you refinance, you can expect to pay 2% to 5% of the new loan amount upfront in closing costs. With the average home value climbing north of $260,000, you could be looking at $5,000 to $13,000 in refinancing fees.

You can sometimes roll the refinance closing costs directly into your new mortgage so you’re not paying out of pocket. This type of loan is often advertised as a no-closing-cost refinance. This is a bit of a misnomer because you’ll end up paying the same fees (plus interest), but they’ll just be spread out over the life of your loan. Alternatively, the lender may offer you a credit to cover, or reduce, the closing costs, in exchange for a higher interest rate.

Non-invasive vagus nerve stimulation may treat migraine in patients with COVID-19, says neurologist Stephen D. Silberstein, MD

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:38:27 +0000

According to the World Health Organization (WHO), 13.6% of patients diagnosed with COVID-19 suffered from headaches, often described as moderate to severe, many of which “may look like a migraine attack. “. Not only is headache one of the signs of the COVID-19 virus, it is also recognized as a symptom that lasts long after the illness has ended. While there are no formal statistics on the clinical features of COVID-19-related headaches at this point in the pandemic, people are reporting migraine-like headaches. They describe a throbbing pain and / or pain-like pressure that is aggravated by routine movements such as bending over. They also experience sensory disturbances such as sensitivity to light or sound as well as nausea and recovery from these symptoms may take several days.

“Many patients with COVID-19 seek treatment for their headaches,” says Stephen D Silberstein, MD, director of the Jefferson Headache Center at Thomas Jefferson University. “Patients may be reluctant to start a prescription drug if over-the-counter drugs such as ibuprofen don’t help them. There is now a non-invasive therapeutic device, the gammaCore Sapphire, which not only treats migraines, but can also help prevent them. “

Studies on the symptoms of COVID-19 reveal that headaches are a major symptom for people infected with the virus. According to research on treatments for headaches linked to COVID-19, current treatment regimens include the off-label use of renin-angiotensin system (RAS) blockers. These drug therapies are not without concern for side effects, allergies, or possible interactions with other drugs, highlighting the benefits of a non-drug intervention.

gammaCore Sapphire (nVNS) is the first non-invasive therapy to receive 510 (k) clearance for the treatment and prevention of migraine and cluster headache in adults. It is a small, hand-held device held at the neck to apply gentle electrical stimulation through the skin to the vagus nerve. gammaCore stimulates afferent fibers in the nerve which in turn activate several systems in the brain that can decrease or prevent migraine pain. GammaCore therapy can be easily self-administered at home without the side effects associated with commonly prescribed medications.

“With the rise of telemedicine and the lack of face-to-face medical visits for migraine, cluster headache and other complicated headaches, home therapies have become crucial for patients in managing painful and persistent symptoms,” adds Dr. Silberstein.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20210216005737/en/

Contacts

Media contact:
Kat ladner
561 706 7863
[email protected]

A Kiss of Nissley: Lancaster County producer unveils canned wines this weekend

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:38:17 +0000

Nissley Vineyards is set to join the growing list of regional wineries selling its canned product.

The Lancaster County producer, located in Bainbridge off Highway 441, will pour samples of its new canned wine at the inaugural craft show it is hosting starting at 11 a.m. at 5 p.m. on Saturday. This event is free.

What will be called its line of canned Kiss wines will include three flavors: strawberry, peach and blueberry. These sweet and sparkling treats will be available to purchase, eat in or take out, and the first 100 guests to purchase Kiss wine will receive a free koozie (one per person). You can register at this link to attend the event, which will feature over 20 Artisan Vendors.

Canned wines have gained momentum nationwide in recent years with a marketing argument built around their mobility. Only a few years ago, Old Westminster Winery in Maryland was bringing canned wine to the area. Others joined us, from Willliam Heritage Winery in New Jersey in 2018 to Adams County Winery, located near Gettysburg, last month.

Jonas Nissley, vice president of the winery, said Monday she “wanted to create a product that would appeal to both sweet wine drinkers and wine drinkers who aren’t always drawn to sweet wines, but want something. something very cool, refreshing and practical in summer. In fact, we and two other wineries in our regions will be the first to market the cans, so other wineries have come to us to see what we’re doing. Our region offers so much to do outdoors. The cans offer the possibility of taking wine on the go and tasting it with a activity vs just enjoy it at home. Plus, the smaller serving size can be appealing if 1 or 2 people don’t want to commit to drinking a whole bottle of wine.

Nissley said the winery has canned 800 gallons of strawberry, 600 gallons of peach and 600 gallons of blueberry, and hopes to distribute its cans to grocery stores and Fine Wine & Good Spirits stores in addition through its own wine merchants and agricultural cellar in Bainbridge.

Iron Heart Canning Co. of New York took care of the packaging. “The equipment to be canned is very expensive,” said Nissley. “We tried to find a profitable local option, but we couldn’t do it. “

Although the target market is a combination of Millennials and Gen Xers, Nissley said some of the research data has shown interest from baby boomers as well. Time will tell, he noted.

For the thousands of people who attend the annual summer concerts, Kiss cans will be available for purchase. This will mark 37 years of concerts, with 10 groups on the program starting June 29 and continuing every Saturday evening until the end of August. “I expect them to be a big hit,” Nissley said. “The convenience is unbeatable and the flavors are perfect for hot summer nights.”

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Other PennLive Stories on Lancaster County Wines, Wineries

A journey to wine roots: meet the oldest producers in the region

Lancaster County’s Grandview Vineyard: Here’s what to expect in year six

New vineyards allow Lancaster County Waltz to target growing wine club

Waltz Vineyards marks another first by winning Wine Excellence XVII

Nissley Vineyards’ Tipsy Tanks tasting evening recreating a blast from the past

“What he did is inexcusable”, says mom as dad is sentenced for shooting baby boy in the face

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:38:06 +0000

JACKSON, MI – The father who shot his then 2-year-old son in the face in 2019 is going to jail.

Michael Glance, 34, was sentenced to 35 years life on three counts of assault with intent to murder and two-year statutory warrant for three counts of firearms in court appearance virtual before Jackson County Circuit Judge Thomas Wilson on Thursday, February 25.

Glance did not plead any context to the charges on December 11 and served 682 days on the gun charges.

Father doesn’t dispute shooting 2-year-old son in the face

Glance shot his young son, Ryker Glance, in the face on April 16, 2019, during an argument with the boy’s mother, Nicole McCarthy, at Glance’s home in the 400 block of Barrett Avenue in Blackman Township . Ryker survived and has had 14 surgeries, with more to come as he grows older, McCarthy said Thursday.

“I am a very caring and compassionate person. But what (Glance) has done is inexcusable, ”said McCarthy. “It’s evil. The fact that he can look his own child in the face and do what he’s done just shows the type of person he is. I think he shouldn’t be able to lead a normal life because Ryker never will.

Retail Blackman-Leoni Township Public Security. Joseph Merritt was the lead investigator in the case and has spent more than 10 years investigating violent crimes, he said Thursday.

“I saw a lot of really horrible things and faced a lot of really horrible things,” Merritt said. “I think it’s the worst thing I’ve ever faced. As a police officer you are supposed to be able to handle this, but there are some things you cannot give up. This is one of those.

Visiting Ryker while he was in the hospital was one of the most difficult things Merritt has ever experienced as a police officer. He said he had an emotional reaction when he saw Ryker lying in a hospital bed with his face held in place by rubber bands.

Ryker had his hand in front of his face when he was shot, which resulted in the loss of some of his fingers, Chief Prosecutor Kati Rezmierski said.

“He’s recently started to notice he’s different,” McCarthy said. “He gets angry, mostly because of his hand. He will get angry and slap his hand because he can’t make it work and doesn’t understand why. He will look at himself in the mirror and point to his face.

Glance was consistent and responded in full sentences during the first police interview with Merritt, he said. During an interview on day two, Glance admitted to shooting Ryker with the intention of killing him, Merritt said.

Glance was found mentally incapable of standing trial on May 22, 2019. A second assessment from the Center for Forensic Psychiatry, dated June 19, 2019, however, determined that the mental illness diagnosed earlier was in fact falsified, the judge said. Jackson District Court, Michael Klaeren. previously.

Man who allegedly shot his 2-year-old son in the face, faked mental illness, report says

Glance also underwent a mental competency exam performed by a doctor hired by his defense team, defense attorney Andrew Kirkpatrick previously said. That exam revealed Glance had mental health issues, under Michigan law he was not legally insane at the time of the assault, Kirkpatrick said.

“I’m not trying to apologize for his behavior, but there are reasons that played into it,” Kirkpatrick said Thursday. “I don’t think it was an individual who just woke up one morning with a clear mind, no mental issues and said, ‘Today I’m going to kill my 2 year old and the mother of my 2 year old. ‘ I think he broke.

Glance apologized on the sentencing, saying he had mental health issues at the time and didn’t know how it got worse.

“I love my son with all my heart,” he said. “It’s the truth,” Glance said. “What I did was wrong. Every day I suffer. I live with great pain. My soul suffers every day with fire and feelings that no one should have to feel. I want you to know that I am so sorry and this should never have happened.

During the shooting, Glance kissed his son, then pointed a gun at the boy’s head and pulled the trigger while he was in a car seat, Wilson said during the sentencing. The gun stuck and didn’t fire, giving McCarthy time to get between Glance and Ryker, Wilson said.

Father intentionally shot 2-year-old boy in the face, prosecutors say

Glance then pulled away from the van and McCarthy tried to pull away but couldn’t get it to start, Wilson said. At that point, she saw Glance come back with another weapon, Wilson said, adding that Glance then shot Ryker, hitting his hand and head.

Glance then attempted to shoot McCarthy as she tried to get to safety with her son, but a neighbor was able to help them escape, Wilson said previously.

“My son has to live every day, not like normal children,” McCarthy said tearfully. “He doesn’t have half of his hand, his face will never be normal.”

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Dominant Kevin Abel wins game 1 in 2 years as Oregon State Baseball defeats Grand Canyon 4-0

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:37:48 +0000

An Oregon State Beavers baseball game ended Thursday night with something that hasn’t been seen for 727 days:

A victory for Kevin Abel.

The Beavers right-hander ace pitched five white innings and Oregon State continued their strong start to the 2021 season, beating the Grand Canyon Antelopes 4-0 in Game 1 of a four-game series at the Brazell Field of Phoenix.

Abel, who was on his second departure since returning from Operation Tommy John, was virtually untouchable Thursday night as he claimed his first victory since March 1, 2019.

He allowed just three hits and hit the side twice on the career-high 11 strikeout path, baffling the Antelopes with a three-pitched electric arsenal. The only time Abel ran into trouble was he self-inflicted, hitting a walk and hitting three Grand Canyon batters in five innings.

Abel’s biggest test came in the bottom of the fifth, when he beat No.8 hitter Josh Buckley and No.9 batter Dane Stankiewicz after scoring 0-2 on both. When second baseman Ryan Ober followed a ground hitter from head hitter Juan Colato, a college baseball preseason All-American, Abel suddenly faced the loaded bases without a strikeout.

But his affairs were so dominant that it didn’t matter.

He struck out the next three hitters on 11 shots, thwarting the threat dramatically. After fanning clean-up hitter Brock Burton on three pitches to end the inning, Abel screamed skyward and flexed both arms as he made his way to the dugout. His night ended after 86 shots, including 57 shots, as he ended an offense that entered the game with a .323 shot and a 9.0-per-game average.

Abel improved to 1-1 with a 0.93 ERA this season. In 9 2/3 innings, he allowed just four hits and recorded 18 strikeouts.

As Abel shone, Oregon State (4-1) did more than enough home plate, finishing with nine hits and producing an eighth inning of three runs. Joe Casey went 2 for 5 with a homer – his third in five games this season – and Kyler McMahan hit a two-run single in the eighth inning to give the Beavers box some breathing space.

Casey’s solo shot to the center-left was the only run in seven innings. But the Beavers – who scored 41 points in their first four games – ultimately did damage in the eighth. Jake Dukart started things off with a double with an out before Troy Claunch walked and Casey called with a single into the field to charge the goals. Two batters later, McMahan scored two runs with a center single, extending the Beavers’ lead to 3-0.

Jacob Melton, who recorded the first two-hit opener of his career, added a two-strikeout RBI single down the middle to provide another run of insurance. That was enough for relievers Jack Washburn, Nathan Burns, Chase Watkins and Bryant Salgado, who combined seven batting strikes in four clean innings to help Oregon State win their fourth straight game.

Zach Barnes (1-1) suffered the loss for the Grand Canyon (3-2), even though he allowed just four hits and a run in six innings.

Next : The teams continue their four-game streak at 5 p.m. Friday at Brazell Field, where Beavers left-hander Cooper Hjerpe (1-0, 0.00) will face Antelopes right-hander Pierson Ohl (1-0, 4.76).

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Biden to mark 500,000 dead from COVID-19 with sunset ceremony Monday

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:37:22 +0000

WASHINGTON __ President Joe Biden will mark the crossing of the United States of 500,000 lives lost to COVID-19 with a minute of silence and a candle-lighting ceremony at the White House.

The nation is expected to take a dark turn on Monday, just over a year after the first confirmed death in the United States from the novel coronavirus.

The White House said Biden will deliver a sunset address to honor those who have lost their lives. He will be joined by First Lady Jill Biden and Vice President Kamala Harris and her husband, Doug Emhoff. They will participate in the minute of silence and the lighting ceremony.

A year after the start of the pandemic, the total number of lives lost was around 498,000 on Sunday – roughly the population of Kansas City, Missouri, and just under the size of Atlanta. The figure compiled by Johns Hopkins University exceeds the number of people who died in 2019 from chronic lower respiratory disease, stroke, Alzheimer’s disease, influenza and pneumonia combined.

FILE – In this file photo from February 16, 2021, motorists wait to receive their COVID-19 vaccine at a federally managed vaccination site on the campus of California State University at Los Angeles in Los Angeles. California’s new coronavirus vaccine delivery, tracking and scheduling system will go live on Sunday, February 21, 2021 for 7 million people in a handful of counties as Gov. Gavin Newsom tries to smooth out what has been a confusing and disjointed deployment hampered by limited domestic supply. (AP Photo / Jae C. Hong, file)PA

“This is unlike anything we’ve experienced in the past 102 years since the 1918 influenza pandemic,” top national infectious disease expert Dr Anthony Fauci said on “State of the Union “from CNN.

The worldwide death toll was approaching 2.5 million, according to Johns Hopkins.

Although the tally is based on figures provided by government agencies around the world, the actual death toll is believed to be significantly higher, in part due to inadequate testing and cases inaccurately attributed to other causes early on. .

Despite efforts to administer coronavirus vaccines, a model widely cited by the University of Washington predicts that the death toll in the United States will exceed 589,000 by June 1.

“People will be talking about this decades and decades and decades,” Fauci said on NBC’s “Meet The Press”.

Baseball’s not-so-sweet “cup of coffee”: former Springfield Giants Bob Taylor still grateful for his meager “annuity”

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:36:59 +0000

SPRINGFIELD – Bob Taylor wants people to know he’s thankful for the check in the mail. Before 2011, he didn’t even understand that.

The Springfield resident also doesn’t harbor an iota of resentment towards today’s Major League Baseball players, who earn multi-million dollar salaries as he accepts a pension – technically known as “Unqualified retirement pension” – $ 2,500 per year.

“I can’t get mad at them. Players of my time, we got there a little too early or something, ”he says.

Next month Robert L. Taylor will be 77 years old. His 16-year professional career included the 1965 season with the Springfield Giants – the last year minor league baseball was played in the city.

Originally from Mississippi, the former outfielder now does landscaping and snow removal in Springfield, where he makes his home. If Taylor had played after 1980, when a new deal for former players had been negotiated, he would have received a much larger pension, even for doing far less work on the baseball field than he did.

Author Doug Gladstone shed light on the plight of older baseball retirees in a 2010 book titled “A Bitter Cup of Coffee: How MLB & The Players Association Threw 874 Retirees a Curve”. A “cup of coffee” is baseball slang for brief promotion to the big leagues.

The current eligibility requirement for retirement pay is 43 days on a major league roster whether or not a player is in a game. In Taylor’s day, it was four years. Taylor’s experience in the major leagues lasted for a year, in 1970 with the San Francisco Giants.

Gladstone says he still pushes for baseball to offer a better deal to its pre-1980 players. Not only are the retirement benefits meager, but even that will end when the player dies – as opposed to modern players, whose benefits will flow to family members, he said.

The book forced baseball to settle on the current arrangement in 2011, Gladstone says. Taylor said he was not aware of the book, but praised the Major League Baseball Players Alumni Association, to which he pays around $ 25 a year for membership.

Many players who are entitled to payments, but do not belong to the association, do not receive them because it is not known where they are, Taylor said.

Bob Taylor of Springfield played baseball for the Springfield Giants and spent the 1970 season with the San Francisco Giants. It’s a photo of him playing in Japan. (Don Treeger / The Republican File Photo)

When Taylor starred in the San Francisco Channel, his path to the majors was blocked by an All-Star roster in front of him.

“I was behind the Alou brothers,” he told Felipe, Matty and Jesus. The Giants’ outfield also contained Willie Mays.

Taylor hit 0.190 in 84 batting appearances over 63 games. He had two home runs, one more than for Springfield in 1965.

Taylor’s salary was the rookie minimum of $ 12,000, and even that was higher than the previous year’s minimum of $ 8,500. The minimum for 2021 recruits will be $ 570,500.

“I played in Japan for three years (1973-75) and won more than I won here. I got to play on an all-star team with (legendary Japanese home hitter) Sadaharu Oh. I loved it in Japan, ”Taylor said.

Still, Taylor repeatedly insists that while her retirement pension doesn’t look like much, it helps and is appreciated. He reflects on how his 12 years in the US minor leagues are treated with indifference.

“If you worked in a factory for 10 years, you could earn $ 500 a month. You put 10 years in the minors, scratching and playing, and you get nothing, ”he said.

“But I’m not the type to push (Major League Baseball) for more. I leave that to the alumni association.

Without the association, “I wouldn’t get anything because they wouldn’t know where I am,” he said.

Taylor’s minor league career, which ended in 1978, reads like a map of North America. From 1962 to 1966 alone, he performed in nine towns and cities, from Springfield to Fresno, California. There is no glamor in minor league baseball even today, but there is hard work.

Former professional baseball player Bob Taylor is in his Springfield home with a wall of his memorabilia. The bat he’s holding was used to hit his first major league home run in 1970 with the San Francisco Giants. (Don Treeger / The Republican)

“Pynchon Park was tailor-made for me,” he said, recalling the far outfield fences that limited the potential for a home run. “I didn’t hit a lot of home runs, but I got a lot of hits. “

So much, in fact, that Taylor still owns a 1965 Massachusetts Mutual Life Insurance Co. award as the team’s top hitter. Playing in a spacious home park and in a pitcher-dominated league, he produced 53 points in 125 games and hit .257.

The Giants’ team average was 0.211. Taylor has only hit one home run, but in 5,147 home plate appearances the whole team has only hit 29.

He says he was indebted to Curt Flood, who was about the same height as the 5-foot-9, 170-pound Taylor. The St. Louis Cardinals outfielder has proven that a small player can succeed, but Taylor’s admiration goes beyond that.

” It’s my idol. Curt Flood is the reason players get all the money they make today, ”Taylor said.

When Flood was traded to the Philadelphia Phillies in 1970, he challenged baseball’s “reservation clause” which gave teams the right to their players in perpetuity. Players could be traded, but they couldn’t go on their own.

Flood lost his case in the United States Supreme Court, but it opened the door to other challenges, which ultimately led to the demise of the reservation clause. This, in turn, has allowed players to earn huge salaries through free agency.

It came too late for Taylor, but he doesn’t regret a thing. He is grateful for what he gets, rather than ruminating on what he missed.

“That little $ 2,500 may not seem like much to some, but it helps when it comes in the mail,” he said. “Why, this check just arrived recently, and it certainly helps.”

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The conundrum of financial distress and rising household savings amid covid

Evelyn J. Archuleta — Thu, 08 Apr 2021 02:36:20 +0000

Intuitively, if we go back to the initial phase of containment, what comes to mind? Financial difficulties, job losses, closing of small businesses, people benefiting from a moratorium on loans, etc.

Now what will it sound like if I tell you that people’s financial savings increased in April-June 2020?

Paradoxical?

Yes.

Let’s look at the data compiled by the Reserve Bank of India. In April-June 2020, household financial savings were ??8.16 trillion. To get an idea of its magnitude, in April-June 2019, household financial savings were ??$ 2.02 trillion; in July-September 2019, it was ??4.85 trillion and over the next two quarters it was ??4.2 trillion and ??5.14 trillion, respectively.

As a percentage of gross domestic product (GDP), it looks bigger. It was 21% of GDP in April-June 2020 (the containment quarter) against 4% of GDP in April-June 2019. Over the following three quarters, it was respectively 9.8%, 8.1% and 9.8%. In the following quarter April-June 2020, would you expect savings to increase, as things gradually opened up and people recovered their livelihoods?

Again, counterintuitive.

In July-September 2020, household savings were ??4.92 lakh crore, or 10.4% of GDP. The data mentioned here comes from the latest issue of the RBI bulletin; we have no data for October-December 2020.

Now for the rationale. Household saving as a percentage of GDP rising to 21% in April-June 2020 is also linked to the fact that GDP fell by 24% in this quarter.

However, in absolute terms, ??8.16 trillion was about four times as high as ??2.02 trillion in April-June 2019. It has to do with the human response to an emergency. When things look bleak, it’s unclear how much worse it can get. Discretionary spending has been reduced; the closing of the points of sale was one of the reasons. While part of the population lost their jobs and opted for the moratorium on loans – we now know with hindsight that it was not the entire population – people with access to the means saved rather than spent .

To dig a little deeper into the aforementioned data, household financial savings are the net of financial asset flows minus financial liability flows. In April-June 2020, flows of financial assets to ??7.38 trillion was much higher than ??3.83 trillion from April-June 2019, but less than ??7.86 trillion from January-March 2020, which was a near-normal quarter. The big difference was the flow of financial liabilities. In April-June 2020, it was a ??0.78 trillion more than a positive ??1.81 billion in April-June 2019 and a positive balance sheet ??2.72 trillion in January-March 2020. That is, people paid off their debts in April-June 2020, when they usually add to it. In a phase where people were opting for a moratorium on loans, paying off financial debts is an enigma. But we are talking about hard data.

Things normalized in July-September 2020. Financial asset flows increased to ??7.47 trillion, but the flow of financial liabilities has been ??2.550 billion people, that is, people added to financial liabilities. The ratio of household debt to GDP fell to 37.1% in July-September 2020 from 35.4% in April-June 2020. Preliminary indications suggest that the household financial savings rate may have fallen further in October-December 2020, with the intensification of consumption and economic activity. A similar trend was observed during the global financial crisis of 2008-09 when, as a percentage of GDP, the household financial savings rate increased by 1.7%, and subsequently moderated with the recovery. economy.

What do we learn from all of this? When we are faced with a crisis, such as an accident or a lack of food, our bodies release emergency response energies to enable us to deal with the situation. In a phase of financial distress induced by the pandemic, a majority of people preferred to save. A rule of thumb in financial planning is that you have an emergency fund that’s equivalent to, say, six months of expenses. People generally follow the principle of Income – Expenses = Savings / Investments. Ideally, it should be Income – Savings / Investment = Expenses. As long as you are sufficiently protected, you do not need to intervene in an emergency if necessary. RBI data covers the entire population (Bharat) and not just urban or semi-urban centers (India). To that extent, better-off people should financially plan for emergencies.

Joydeep Sen is a corporate trainer (debt markets) and author.

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What is the Consumer Credit Protection Act? | Smart change: personal finance

Evelyn J. Archuleta — Wed, 07 Apr 2021 23:17:44 +0000

The 1960s are known to be an important period in the history of the United States. It was a period that ushered in many revolutionary legislative changes, such as the Civil Rights Act of 1964, the Medicare Act of 1965, and the Voting Rights Act of 1965. In the midst of these Revolutionary federal laws, you’d be remiss to forget about consumer credit. Protection Act (LCPA).

Prior to the CCPA, consumers in the United States did not enjoy many rights in lending, debt collection, and credit reporting practices. Back then, lenders could (and often did) benefit consumers. They didn’t have to disclose the terms or costs of the loan up front, could charge outrageous interest rates, and could foreclose a large percentage of your paycheck if you didn’t pay off your debt as promised.

When the Consumer Credit Protection Act (CCPA) was passed in 1968, it aimed to protect consumers from these and other abusive practices. The law imposed restrictions on banks, credit card issuers, debt collectors, etc. The law introduced many guarantees that American consumers still enjoy today, more than 40 years after it was passed into federal law.

Over the years, Congress has passed more laws and brought them under the umbrella of the CCPA to help protect the financial lives of American consumers. The Fair Credit Reporting Act, Equal Credit Opportunity Act and Fair Debt Collection Practices Act, along with a number of others, are included in this list.