Saving Investment – RR Reading Thu, 30 Sep 2021 03:54:55 +0000 en-US hourly 1 Saving Investment – RR Reading 32 32 Black women have the highest amount of student loan debt Thu, 08 Apr 2021 02:38:21 +0000

This can already be difficult in a world where the gender wage gap still exists for women with a college education, but there is yet another financial disparity in student loan debt that exists for women. Black woman.

Updated search American Association of University Women (AAUW) indicates that women hold two-thirds ($ 890 billion) of the country’s $ 1,400 billion student debt, and that black women graduate with at least $ 30,400 in debt, compared to $ 22,000 for their white counterparts.

Research further shows that “the gender gap in student loans has almost doubled in the past four years, and women now graduate with an average of $ 2,700 more in debt than men when they get a baccalaureate ”.

The data, updated via the 2015-2016 National Post-Secondary Student Assistance Study, also shows that women make up 56% of enrolled students, but are struggling with a whopping 65% of outstanding student debt.

“Student debt levels are at an all time high, with women carrying a greater debt burden than men,” Kim Churches, CEO of AAUW, said in a press release. “This debt is an albatross for many women as they embark on careers and work to support their homes and families. And, that only gets worse over time when paired with the gender pay gap. “

Women have been found to take two years longer than men to repay their student loans, and part of the reason is attributed to the gender pay gap. Female college graduates who work full time earn, on average, 25% less than their male counterparts with degrees, leaving women with less income to set aside to pay off their debts. borrowing. Black women, in particular, earn less than their white counterparts, earning $ 0.63 for every dollar earned by white men, compared to $ 0.79 for white women, according to reports.

“The imbalances are getting worse. Higher student debt, lower wages, child and family care costs and other factors all add up to leave women in deficit as they work to maintain their financial security, ”Churches added in the press release. “With women running more households today, that’s enough. Solutions are needed now.

The AAUW offers several recommendations for closing the gender gap in student loans, including supporting more than income-based repayment options and the protection of projects such as forgiveness of public service loans, the provision of services such as childcare at universities, and increased state and federal funding for public higher education institutions.

“With the Higher Education Act, Congress has the power to prepare today’s students for success, and that includes making sure they don’t graduate with crippling debt,” Deborah J. Vagins, senior vice president of public policy and research at AAUW, said in the statement. “We must support policies that make higher education accessible and affordable for all students, provide support and protection for student borrowers, and help close the gender and race gaps in student loans. “

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Kelty Hearts: Nathan Austin joins East Fife on loan Thu, 08 Apr 2021 02:38:09 +0000 KELTY HEARTS hitman Nathan Austin has joined former East Fife club on a short-term loan ahead of the Ligue 1 restart this weekend.

The 27-year-old, who grew up in nearby Leven, has signed for the New Bayview side, led by former Pars midfielder Darren Young, until March 31 as uncertainty persists as for his parent club’s campaign.

On March 2, Prime Minister Nicola Sturgeon announced that matches in the Scottish Cup, SPFL League One and League Two, and Scottish Women’s Premier League (SWPL) One, could resume after their suspension on January 11. .

All football under the SPFL Championship – which alongside the elite was allowed to continue if PCR tests were carried out – has been halted due to concerns over increasing cases of COVID-19.

Although League One, League Two, SWPL One and Scottish Cup matches may resume with weekly testing, the Lowland League – of which Kelty is the best and the defending champion – remains on hold.

So far, there is no indication whether they will be able to return to the action and finish the season, which has allowed Austin to temporarily switch to Barry Ferguson’s side.

The forward was playing amateur football when East Fife boss Willie Aitchison recruited him and became a fan favorite of Methil’s squad.

In three years at New Bayview between 2013 and 2016, Austin scored 43 goals in 107 appearances and was part of their Ligue 2 champion squad in the 2015/16 campaign.

This led to Falkirk, then in the league, to make a move for his services and, in a nearly two-year spell with the Bairns, he scored 12 goals in 44 games.

After leaving Falkirk Stadium in December 2017, he moved north to Inverness Caledonian Thistle, where he scored 13 times in 47 games before returning to Fife to join Kelty in the summer of 2019.

Even though the season has been cut short, Austin has hit the net an incredible 48 times in all competitions last season and had scored 11 times so far this time before the stoppage of the season.

On Tuesday, clubs had until April 23 to complete 18 matches which, if brought together by all clubs in each division, would allow matches for a division to be published.

If any clubs are unable to complete their 18 matches by that date, then the post-split match dates for that division would be used to ensure that each club has completed 18 matches by May 6, in time to participate in the promotion and relegation play-offs. .

Austin enters the East Fife squad for Saturday’s Clyde game and will also be available for games with the Cove Rangers and Montrose.

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4 people arrested in Springfield-area drug investigation, half a kilo of heroin, $ 20,000 in cash and seized gun Thu, 08 Apr 2021 02:37:49 +0000

SPRINGFIELD – Local, state and federal law enforcement on Tuesday arrested four suspects as part of a year-long investigation into an organized drug trafficking operation supplying heroin to Hampden County, according to the report. Massachusetts State Police.

Arrests at four residences and several vehicles at different locations resulted in the confiscation of half a kilogram of heroin, already packaged for street sales, a gun and $ 20,000 in cash, the spokesperson said. from the State Police, David Procopio.

Enrique Alicea, 29, of West Springfield, Joshua Vazquez, 29, of Springfield, and Jose Alicea, 69, of West Springfield, were arrested and charged with trafficking heroin over 200 grams and conspiracy in view to violate drug laws.

A fourth man, Todd Cruzado, 33, of Springfield, has been charged with possession of heroin with intent to distribute and illegal possession of a firearm and ammunition.

Procopio said the investigation began in February 2020 with the State Police’s Commonwealth Interstate Narcotics Enforcement and Enforcement Team.

Over the past few months, members of the state police team, the Hampden County Drug Task Force and the FBI Gang Task Force have conducted hundreds of hours of surveillance on suspects, during which they identified associates and clients. They also determined the methods used to transport the drugs from New York to Springfield, he said.

Other agencies involved in the arrests were the Hampden and Berkshire Drug Task Forces, the Sheriff’s Departments of Hampden and Berkshire, the federal Drug Enforcement Administration and Homeland Security, as well as police officers from Springfield, West Springfield, Easthampton. , Westfield and Holyoke.

The investigation is ongoing, Procopio said.

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Missoula’s multi-family housing market remains tight as rents and construction costs rise Thu, 08 Apr 2021 02:37:27 +0000
Missoula economics experts believe the city’s tight housing market could threaten the city’s economic well-being, making it harder for businesses to recruit and retain employees who might not be able to find, and even less, to afford housing in the city.

Missoula’s population growth continues to outstrip the local housing supply, as land and construction costs have increased – a combination that could stress the city’s housing market for the foreseeable future.

Missoula economics experts believe the results could threaten the city’s economic well-being, making it harder for companies to recruit and retain employees who might not be able to find, let alone pay themselves, accommodation in the city.

“This issue of housing affordability in Missoula is something we have paid attention to in recent years,” said Matt Mellott, chief broker and director at Sterling CRA Advisors. “It makes Missoula less competitive in attracting new businesses. From the point of view of economic growth, this can be detrimental.

According to the latest data, the vacancy rate for multi-family dwellings in Missoula fell below 1% at the end of 2020. While it weakened slightly in the first quarter of 2021 to 1.25%, a healthy market has a vacancy rate of 5%.

As supply tightens, the average cost of rent has climbed 5.5% over the past year.

“You see these swings pretty wide,” Mellott said. “What happened in Missoula is the exact opposite of what has happened in most of the major metros, where vacancy rates have gone up and rental rates have gone down. Missoula has been against this for the past year or so. It’s just an imbalance between supply and demand, and it’s that simple.

The last few years provide an overview of the currently tight market. In 2016 and 2017, Missoula developers were briefly overproducing units, which caused the vacancy rate to increase by 2018. In response, the number of newly developed units started to slow around this time, as did the population began to increase each year by about 2%.

Now the city is overwhelmed by another construction boom as the market tries to catch up, but it will take time, Mellott said.

“Obviously you have to create more supply,” he said. “It’s pretty clear that the market has picked up the signal, but due to the planning schedule associated with any type of project, it takes some time for this to happen. “

Housing experts in Missoula said the city needs around 800 new units per year to keep up with population growth. The county added 2,200 new residents last year, but only 175 multi-family units have been delivered to the market.

This year, data suggests that around 230 new units will come online, although that is still not enough. But the years to come could see this change.

“The development pipeline shows that the market is getting the signal,” Mellott said. “We are tracking 900 units in 2022 and in 2023 and beyond, around 600 or 700 more units are planned.”

But just because a project is planned does not mean that it will be built, he added. If construction costs continue to rise or if another variable comes into play, various projects may not come to fruition.

“Your construction costs are rising faster than rental rates and income is rising,” Mellott said. “The cost of lumber has increased 100% or more since last June. This will have a significant impact on construction costs.

Sterling has surveyed area builders over the past year to get a better idea of ​​the rising costs associated with new construction, including multi-phased projects. The same unit built in 2019 with the same footprint and the same materials jumped 15% the following year.

These costs are starting to add up and land prices are not helping. They, too, climbed an additional 10% or more, Mellott said.

“The cumulative effect is that it will make apartments more difficult to draw, as well as single-family homes,” he said. “With construction costs rising faster than rents and incomes rising, as population increases, at some point something has to give. “

The data suggests that the market will react at some point, and it could do so in a number of ways. This could lead to a rise in local wages as employers struggle to attract and retain employees. But with construction costs rising 15% or more each year, wages are unlikely to increase at the same rate.

Mellott said developers could also accept lower margins, although banks and investors might not find this acceptable and react by refusing to provide construction loans. Labor and construction costs could stabilize as the economy reopens, but this too is uncertain.

“Another possibility is that population growth will drop,” Mellott said. “The workforce may not be able to live here, and if they can’t afford to live here, they won’t take a job here, and if they don’t take a job here, population growth will stabilize or decline. . “

Current market conditions could also prompt city and county leaders to resolve regulatory and licensing issues, although this also takes time – sometimes years in recent cases – and is often unpredictable.

The city recently denied efforts by a developer to increase housing density in the high-income neighborhood of Grant Creek before turning around a month later to approve a high-density project in another neighborhood.

“One possibility, which is not always popular, is that the market may respond by increasing density. It’s a matter of regulation, ”Mellott said. “It resets some of the math on what it costs to build a unit. If you manage to spread the cost of the land and infrastructure over more units on the same land, your overall cost decreases.

Sterling and other industry leaders in Missoula plan to tackle the issues over the next few months as they work to find solutions for developers and investors, and help steer the market. of Missoula’s booming housing to a more equitable end.

The city is trying to do the same by subsidizing the market – buying properties with affordable housing in mind. Others want the market to correct itself and believe it is possible with a little guidance.

“We’re trying to understand the needs, wants and wants, and the barriers people face in finding housing or renting,” Mellott said. “We firmly believe that when an economic need is understood, the market will find a way to meet that need. “

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Rising Gasoline Prices Boost Electric Bike Sales – The New Indian Express Thu, 08 Apr 2021 02:37:06 +0000

Express news service

VIJAYAWADA: With gasoline prices approaching Rs 100 per liter, the demand for battery scooters is increasing as people want to save on the cost of fuel. As a result, the sale of electric scooters has increased significantly in the city. Potential two-wheeler buyers are also showing an interest in purchasing electric scooters and inquiring about the vehicles at local showrooms.

At present, there are five electric scooter showrooms in Vijayawada. The Naanyasri Electric Vehicles showroom on BRTS Road in the city has sold around 150 electric scooters since November, showing the increased demand for battery-powered vehicles. The number of inquiries from potential buyers about electric scooters has also tripled, from 10 to 15 per day. People increasingly prefer personal two-wheeled transport due to the Covid-19 pandemic.

“Almost three years ago, we opened the showroom to promote the use of battery-powered vehicles in Vijayawada. The business was nominal until September 2020 and we were selling 10 to 15 vehicles per month. Thanks to the surge in gasoline prices, people have started to show interest in purchasing electric scooters that do not require vehicle registration or a driver’s license, ”CEO Deepthi Parepalli told TNIE. of the Naanyasri Electric Vehicles showroom.

If the nationalized banks offer to extend auto loans generously, the demand for electric scooters will increase further, which in turn will help reduce air pollution, she said. At present, the showroom sells two models of electric scooters – Era and Era Pro which are powered by lithium-ion and lithium phosphate batteries.

The on-road price of Era powered by a 27 AH battery is Rs 54,000. Era Pro is available in three variants powered by 22 AH, 30 AH and 42 AH batteries. The prices of three Era Pro variants are Rs 65,000, Rs 75,000 and Rs 90,000 respectively. The maximum time for a full battery charge is four to eight hours and the vehicle travels a distance of 60 to 100 km at one time. Only one power unit is needed for the battery to be fully charged and it may cost Rs 5 added.

B Swathi Supriya, a private employee, said she plans to buy a scooter to get to her office on MG Road from Bhavanipuram. “Recently my neighbor bought an electric scooter and explained its benefits to me. After calculating the cost of operating a gasoline powered vehicle, I came to the conclusion that it pays to go for an electric scooter, ”she said. Although electric scooters are exempt from registration and road tax, it is a bit difficult for salaried people to buy it by paying the full cost all at once, said K Siva Ram, another dealer. of electric scooters.

Currently, private finance companies offer a vehicle loan at an interest rate of 13% and the customer has to bear 40% of the cost as a down payment. Banks should offer vehicle loans at low interest rates, which helps promote the use of environmentally friendly vehicles, he added.

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“The Big Chill” Movie Review: Baby Boomers Discover The Truth About Their Own Failures Thu, 08 Apr 2021 02:36:18 +0000

Kevin Kline in the opening streak of The big thrill. (Criteria collection / via YouTube)

How the quintessential Boomer movie turned into an unintentional parable of how the Flower Power generation missed what really went wrong

Wchicken the film version of Good things Stranded in the fall of 1983, Tom Wolfe, who wrote the book it was based on, noted that audience research indicated that moviegoers intended to see the film because they knew it was important, but they said they didn’t want to see it properly. now. “Tonight,” they said, “we just want to have fun.

So what were the crowd pleasures at the multiplex back then? One of the two biggest box office hits of the season was a James Bond film (Never say never). The other was The big thrill. Here, we stop for a moment of silent reflection on how a movie about people getting together to talk after a friend’s suicide was 1983’s idea of ​​a blustery evening.

The big thrill was a major film event in 1983, earning $ 56 million at the box office (around $ 150 million today) and securing Oscar nominations for Best Picture and Best Original Screenplay, as well as Best Actress in a supporting role (Glenn Close). The baby boomer audiences absolutely loved it and also made the soundtrack a huge hit. It’s funny to note that this movie about how yippies became yuppies (Kevin Kline’s Harold, the rally host, got rich by opening a chain of “Running Dog” sneaker stores) was him- even an element of a synergistic corporate branding strategy.

The Motown soundtrack was essential in reigniting the label’s value as a nostalgic brand after the departure of key artists, such as Diana Ross, Michael Jackson and Marvin Gaye. On the back of The big thrill soundtrack, which exceeded the Saturday night fever album to become the oldest film soundtrack album, Motown’s strategy evolved into a piece of nostalgia. He began mining his catalog for licensing deals, TV specials, and other Boomer memorabilia exploitations (Gaye’s recording of “I Heard It Through the Grapevine” became the anthem of a commercial. for raisins). Just eleven years after the death of the Flower Power dream with the defeat of George McGovern, the baby boomer nostalgia industry was booming. Consider how little nostalgia for 2010 you see around you today, and you’ll quickly understand how unusual Baby Boomers were by choosing to handcuff each other at one point while everyone else adjusted.

When he appeared, The big thrill seemed to be about a lot of things: love, sex, friendship, drugs, nostalgia, and the remnants of ’60s ideals. Today, however, it is all about one thing centrally and visibly: the sound of whining titled Boomers. (It’s available on the TCM app until April 10.)

To recap the action: A handsome n’er-do-well staying in his friends’ gigantic southern plantation-style summerhouse with his hot young girlfriend kills himself by slitting his wrists. So his old friends at the University of Michigan (class of about 1971) gather in the same house to mourn him for the weekend. They are a doctor (Close) and her husband (Kline), the sneaker store mogul; a TV star (Tom Bérenger); a People– magazine writer (Jeff Goldblum); a wealthy lawyer (Mary Kay Place); a drug dealer (William Hurt); and a housewife (JoBeth Williams) whose husband is an affluent advertising executive. When everyone announces that they plan to stay home for the weekend, Sarah Cooper from Close moans, “Where are we going to put everyone?” (It’s a real house: five bedrooms, five bathrooms, 7,300 square feet, not including the guesthouse.)

As funny, deeply felt, and expressive of the pain of its characters as the movie is – and I’ve always loved it, ever since I saw it several times on HBO at the age of 18 – today it is fascinating by its obtuse. The characters constantly analyze each other (to the point of filming interviews of themselves and each other) but miss the most obvious things: drug addiction, infidelity and unrealistic expectations of life plague them. . The parents of these baby boomers could have turned them around in about five minutes, but the baby boomers are known to be the generation who thought they were learning nothing from previous ones.

William Hurt’s Nick, for example, a character who seems to have come from The sun is also rising (an injury from the Vietnam War left him helpless), had a really good job as a talk radio shrink but left that in a crisis of meaning. He needs to stop dealing drugs and stop burying his problems with quaaludes, cocaine and weed. If there was a sequel to this movie set in the ’90s, Nick probably would have died as none of his friends bothered to push him into rehab. Instead, Hiccup offers him a blatant insider trading trick, which Hiccup hopes will lead Nick to getting a new job, but might as well cause Nick to spend even more money on drugs.

However, the adultery problem is more glaring than the drug problem in the movie. Sarah cheated on Harold with Alex because, she says, “I was just sick of being such a good girl.” People the journal Michael has a girlfriend in New York but nonetheless brought a stack of condoms on this trip and starts dating Chloe during the funeral service. Sam the actor apparently cheated on his ex-wife, whom he left behind by muttering the Boomers’ classic complaint of “boredom.” Karen is ready to cheat on her perfectly fine husband Richard with Sam if he’s up for it. Sam initially turns her down for her own sake, but later the couple go for it anyway.

I’m not even counting the famous magnanimous adulterous bonk, the unforgettable scene in which Sarah lends her husband Harold to study with Meg in order to get pregnant the hapless lawyer, whose deepest wish is to have a child, while she previously had an abortion. By the way, neither Sarah nor Harold consider him to have any fatherly responsibility for any child that might result from it, just as Sam doesn’t like to visit his daughter because she’s an uncomfortable reminder of her flaws. . Let’s listen to it for Boomer Parenting.

The disillusion that afflicts the characters amounts to moping over careers, all of which except one have nothing to be ashamed of. Yet all but one of the characters are shown as sold. What’s wrong with selling Nike sneakers? Meg is a lawyer in real estate law; so much the better for her. In a previous life, she was a public defender who decided she didn’t really like working for rapists and murderers. “Some of them are scum,” notes Harold, the sneaker guy. Michael from Goldblum once intended to “go to Harlem and teach those ghetto kids”, and his girlfriend still does, but instead he flies across the country writing celebrity profiles which are only “32 paragraphs”. I imagine 25-year-old journalists who are lucky enough to get paid to write a story a third of this length and want to zap Goldblum with the Melt Stick he used in Thor: Ragnarok, and it’s before someone tells them about the extravagant wages that People writers used to order, which would probably cover around six The HuffPost writers of today. What exactly does this guy have to complain about? Maybe he should stop cheating on his girlfriend and just be a good magazine editor instead of getting confused with Albert Camus.

Likewise, housewife Karen has a perfectly good life, but she’s considering throwing everything away because it’s not ideal. Consider her complaints: “I feel like I’ve never been alone in my own house. Either Richard is there, or the boys, or the housekeeper. Sorry, Karen, but it’s not a real problem. Allow yourself a little time alone every now and then – Richard will understand. As for Karen’s complaint that she’s no longer working on her fiction, well, that’s an excuse a lot of non-writers have. Either take the time for it (for example, spending less time watching TV) or admit that you are not actually a fiction writer.

Karen’s husband might be a little boring, but he’s also, as she admits, a really good guy. In addition, that stupid husband, Richard (the late Don Galloway, who later in his life wrote a column in a libertarian newspaper), is the secret hero of the film. Because Galloway plays his man like a hopeless corporate jerk (he drinks milk when others get high), it doesn’t fit in with either the audience or the other characters he has the most sway over. life: you get the most out of whatever situation you find yourself in. What you don’t do is agonize over not living up to an unattainable ideal. The Michigan Seven in the film portray themselves as “revolutionaries,” remember the March on Washington, and wish they could have spent their lives working with “Huey and Bobby” (the Black Panthers). But it was only a moment in time that coincided with their college years.

“I would hate to think this was all fashion,” Sarah said, but, yes, that is about what it was. Richard understands that. It accurately describes a much higher priority for adults: raising children. Parenthood puts more selfish concerns in their proper perspective and ideally binds parents together by giving them a common goal. “The thing with kids is that they’re instant priorities. You know you have to protect them and provide for them. And sometimes that means your life isn’t exactly the way you want it to be, ”he notes, and this is all true. As for working for a boss you don’t like: “You try to minimize that stuff and be the best person you can be. But you set your priorities, and that’s the way life is. I wonder if your friend Alex knew that. Just so; Alex was a tortured idealist who turned down a scholarship that appeared to be tied to the military-industrial complex. At one point, he even worked hard as a social worker in Boston in 1978. It was a miracle he didn’t kill himself back then.

Richard understands how the idealism of the ’60s ended up being a kind of lingering afterburning that made everyone itch and miserable. He has more of a generation greater understanding that life is about compromise: “But the point is, no one said it was going to be fun. At least no one told me. Revolutionary students around him sit in stunned silence: Of course, life is supposed to be fun! And romantic and irresponsible and hedonistic and without commitment. Except the movie we’re watching is a 100 minute lesson on why nothing at all it doesn’t work.

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Small business loan program set to expire next week, Senate calls for extension Wed, 07 Apr 2021 23:17:42 +0000

WASHINGTON (NEXSTAR) – A program that was put in place to help small businesses survive the coronavirus pandemic is set to expire next week – unless Congress acts first. Capitol Hill senators on both sides of the aisle are now pushing for an extension of the paycheck protection program.

With the COVID relief program money distributed to people across the country, Georgia Democrat Jon Ossoff said Congress needs to work quickly to do more for small businesses.

“Now what we need to do and what I urge my colleagues to do is quickly adopt an extension of the PPP Small Business Support Program until May,” Senator Ossoff said.

The US bailout plan promulgated by President Joe Biden earlier this month there was additional money for the paycheck protection program, but not an extension of the program itself. The program is set to expire a week from Wednesday and still has $ 128 billion to earn.

Ossoff is calling on his colleagues to act now to pass an extension, “to help keep struggling small businesses, like local mom restaurants and pop stores, afloat.”

Unlike a lot of other things in Washington, the extension proposal is bipartite. And seven GOP senators are already backing it.

Senator Shelley Moore Capito, a Republican from West Virginia, is hoping to get even more signatures.

“This is one of the most successful programs we’ve done together for COVID relief,” Capito said on Wednesday.

Senator Marco Rubio, R-Fla., Backs his own measure to expand the program, but in a way he says will ensure that “the Biden administration does not freeze small businesses that were previously eligible.”

But Maryland Democrat Ben Cardin, who worked with Rubio to pass the first round of the PPP, said the Senate should focus on approving an extension and work on the details later.

“There are other changes to the program that we will have the opportunity to discuss,” Senator Cardin said in the Senate on Wednesday.

It is not yet known when the extension will be put to the vote. The program expires on March 31.

This weekend marks one year since the CARES law has been adopted. During that time, the Small Business Administration approved 8.2 million PPP loans worth more than $ 715 billion, Cardin said.

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Pope Francis says women can read at Mass, but still can’t be priests Wed, 07 Apr 2021 23:17:41 +0000

Pope Francis changed church law on Monday to explicitly allow women to do more things during mass, giving them access to the holiest place on the altar, while continuing to claim that they cannot be priests.

Francis amended the law to formalize and institutionalize what is common practice in many parts of the world: that women can be installed as readers, read the Gospel, and serve on the altar as Eucharistic ministers. Previously, such roles were officially reserved for men although exceptions were made.

Francis said he was making the change to increase recognition of the “precious contribution” of women in the church, while stressing that all baptized Catholics have a role to play in the mission of the church.

But he also noted that this makes a distinction between “ordained” ministries such as priesthood and diaconate, and ministries open to qualified laity. The Vatican reserves the priesthood for men.

The change comes as Francis remains under pressure to allow women to be deacons – ministers who perform many of the same functions as priests, such as presiding over weddings, baptisms and funerals. Currently, the ministry is reserved for men although historians say that the ministry was carried out by women in the early church.

Francis created a second commission of experts to study whether women could be deacons, after a first failed to reach consensus.

Advocates of expanding the diaconate to include women say it would give women a greater voice in church ministry and governance, while helping to address priest shortages in many parts of the world.

Opponents say allowing it would become a slippery slope towards the ordination of women to the priesthood.

Phyllis Zagano, who was a member of the Pope’s first study commission, called the changes significant given they represent the first time the Vatican has explicitly and through canon law allowed access for women at the altar. She said it was a necessary first step before any official consideration of the diaconate for women.

“This is the first movement to allow women to enter the shrine,” Zagano said. “It’s a very big deal.”

Noting that the bishops have long called for such a decision, she said it opens the door to further progress. “You cannot be ordained a deacon unless you are installed as a reader or acolyte,” said Zagano, professor of religion at Hofstra University.

Lucetta Scaraffia, the former editor-in-chief of the Vatican women’s magazine, however, called the new changes a “double trap”. She said they were only formalizing the current practice, including at papal masses, while specifying that the diaconate is an “ordained” ministry reserved for men.

“This closes the door to the diaconate for women,” she said in a telephone interview, calling the change a “step backwards” for women.

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How much is the former president worth? Wed, 07 Apr 2021 23:17:39 +0000

John Raoux / AP / Shutterstock / John Raoux / AP / Shutterstock

As of June 14, the date of Donald Trump’s 75th birthday, Forbes estimates the former president’s net worth at $ 2.4 billion. Trump’s net worth has fallen by around $ 700 million in his final year as president.

See: All the ways that Assets have made money over the past 20 years
Find: Trump faces issues with crown jewels of his real estate empire

Forbes reported that Trump was worth $ 3.7 billion when he took office in 2016. That dropped to $ 3.1 billion in his first year in office, then fell to $ 2.5 billion in 2020. He lost an additional $ 700 million in the wake of the Capitol Hill riots and his impeachment. , when several organizations ceased doing business with Trump or one of his properties.

The 2020 decline in Trump’s overall net worth was largely due to the coronavirus and the impact it has had on industries in which it holds its largest assets. The values ​​of office buildings and hotels have fallen. Its properties in Washington, DC and Chicago appear to be underwater, while Doral, its golf resort in Miami, has lost 80% of its value in a year, Forbes reported.

In addition, the Capitol Hill riots caused Trump’s golf course to lose the right to host the PGA Championship Tour in 2022, which will undoubtedly result in lost marketing opportunities and reduced profits for the course. . In the days following the riots, Shopify shut down Trump’s online stores.

See: PGA Removes Event from Trump Golf Course, Shopify Shuts Down Trump Online Stores, Banks Cut Bridges
Find: Trump’s ex-lawyer sued by Dominion for $ 1.3 billion – how 14 lawsuits ended

What’s more, at least $ 590 million in loans will mature over the next four years, Bloomberg reports, which could have a further impact on the billionaire’s bottom line. Still, Trump retains valuable assets, including garages in New York City, the Mar-a-Lago Club in Florida, and three homes nearby.

Businessman and former reality TV star, Trump’s path to wealth was very different from your typical politician. Read on to get a better understanding of how Trump built his fortune.

Donald Trump net worth: $ 2.4 billion

When he was sworn in, he was the oldest person ever to take the oath – he was 70 years and 220 days old on January 20, 2017. (This title now belongs to Joe Biden, who was 78 when he was sworn in) . Trump defeated a number of candidates to become the Republican candidate for the 2016 presidential election. He then defeated Democratic candidate Hillary Clinton. His term ended on January 20, when President Joe Biden began his term as the 46th president.

Trump was born into a well-to-do family and inherited around $ 40 million from his late father, real estate developer Fred Trump. In 1971, Donald Trump became head of what would later become The Trump Organization.

Trump’s earnings and title since have helped him grow more than 500 companies. The business mogul has his share in luxury golf courses, skyscrapers, TV shows, casinos, books, merchandise and more.

See: Trump’s 14 most questionable campaign expenses

Donald Trump’s businesses

The only thing that surpasses Trump’s personality is his business acumen. He landed a deal with Hyatt, New York City, and the unprofitable Commodore Hotel next to Grand Central Station, earning the right to renovate and rename the ailing hotel to Grand Hyatt. In 1980, this hotel became an instant hit, making Trump one of the region’s best-known real estate developers.

To find: How rich are President Joe Biden and these other big names?

In 1984, Trump completed construction of the 68-story Trump Tower, which still serves as the headquarters of The Trump Organization today. The building includes a 60-foot waterfall and on opening day had five levels of retail stores and restaurants.

Trump has owned a number of successful businesses and properties, including Trump Place, a luxury residential community spanning 92 acres. The Trump International Hotel & Tower Chicago has a hotel, condominiums, and many restaurants and shops. The success of Wollman Rink, a Central Park staple, is arguably attributed to Trump.

However, following the storming of the United States Capitol, New York City announced it was severing trade ties with Trump. On January 13, Mayor Bill de Blasio announced that the city would end three contracts with The Trump Organization that would cease operations of a carousel in Manhattan’s Central Park, skating rinks and a golf course in the Bronx, Reuters reported.

To learn: These are all the states with Trump properties and businesses

Donald Trump’s bankrupt businesses

Donald Trump has big business wins to his name, but he also has big losses.

In 1988, Trump spent $ 365 million on a fleet of Boeing 727s, as well as landing facilities in Boston, New York, and Washington, DC. He also bought the rights to paint his name on an airplane. However, his attempt to create a luxury flying experience under the Trump Shuttle name failed and the company was taken out of service.

In 1990, the banks that supported Trump’s investments provided him with a $ 65 million bailout in the form of new loans and credits. Trump’s famous Taj Mahal casino in Atlantic City, New Jersey, went bankrupt in 1991, and Trump Hotels & Casino Resorts went bankrupt in 2004. In 2009, the same company – now called Trump Entertainment Resorts – again filed for bankruptcy. balance sheet.

Trump University is one of Trump’s most publicized business failures. The unaccredited online college was launched in 2005 and closed in 2010. Three lawsuits at Trump University marred its first presidential campaign, alleging Trump University was a scam that cost students tens of thousands of dollars. dollars. Trump settled the lawsuits for $ 25 million, although he did not admit any wrongdoing.

Donald Trump’s wife and family

Donald Trump has been married three times. He was with his first wife, Ivana, from 1977 to 1992. The couple had three children together: Donald Jr., Ivanka and Eric. The three oldest of the Trump children – along with Ivanka’s husband, real estate investor and developer Jared Kushner – were heavily involved in their father’s presidency.

Trump married Marla Maples in December 1993, two months after Maples gave birth to their daughter, Tiffany. The couple divorced in 1999.

Trump has been married to his current wife and former first lady, Melania Trump, who has an estimated net worth of $ 50 million, since 2005. Melania is the mother of Trump’s youngest son, Barron.

See: The richest presidential children

Donald Trump’s way of life

Donald Trump sometimes lives in a three-story penthouse in Trump Tower with his wife Melania and son Barron. The the luxury that the family appreciates at Trump Tower include an indoor fountain and a door encrusted with diamonds and gold, Business Insider reported.

Among Trump’s other notable properties is Mar-a-Lago, where he spent 25 of his first 100 days in office. He returned to the field after his term as president ended, CNN reported. The luxury club is worth $ 180 million, according to Forbes, and sits on 17 acres of precious South Florida land. Trump bought the estate – which has 58 bedrooms, 33 bathrooms, 12 fireplaces, and three air raid shelters – for a bargain price of $ 10 million in 1985.

Before gaining access to Air Force One, Trump shuttled between campaign stops in his $ 100 million Boeing 757 adorned with gold seat belts. Its luxury vehicle fleet includes a Rolls Royce, an electric blue 1997 Lamborghini Diablo and a Mercedes-Benz SLR McLaren.

More from GOBankingTaux

André Lisa contributed to the writing of this article.

Last updated: June 14, 2021

This article originally appeared on Donald Trump is 75: how much is the former president worth?

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Courtroom jurors’ boxes surrounded by plexiglass and plastic barriers “new normal” in the event of a pandemic Wed, 07 Apr 2021 23:17:38 +0000

GRAND RAPIDS, MI – Courtroom juries are very different from what they were before the COVID-19 pandemic.

Jury trials in Michigan courts have been closed for almost a year, with a few exceptions. Backlog should take years to disappear in some counties.

In a few counties, trials resume with a drop in the positivity rate for COVID-19 and protections include hockey-style penalty benches for jurors, makeshift barriers made of plastic sheeting and plexiglass mounted on witness benches .

Related: Plastic tarps and hockey-style penalty benches: What jury trials will look like in Michigan courtrooms

“This is our new normal, like everything else in the world we are dealing with now,” said Kent County Circuit Chief Justice Mark Trusock.

Trusock doesn’t expect courtroom security measures to disappear anytime soon.

“Even if we get collective immunity, there will still be issues that we have to face,” he said.

Safety is the top priority, for the jurors and everyone else, said Ottawa County Circuit Judge Jon Hulsing.

“We attach great importance to security and we want everyone to feel safe as they assess the issues that have been brought to their attention as trier of fact,” he said. “It is important that the jurors feel very comfortable in this process knowing that we have taken just about every measure possible to ensure safety.”

The jurors will be dispersed and isolated from the witnesses, lawyers, defendants and visitors in the gallery.

Over 1,000 cases are part of the large backlog pending jury trials resume in Kent and Ottawa counties.

Kent County Prosecutor Chris Becker estimates that 950 criminal cases are awaiting action. While in Ottawa County, prosecutor Lee Fisher estimates the number at around 300 cases.

“Everyone has the right to a jury trial if they want to,” Hulsing said. “It is a constitutional right and this constitutional right is not suspended during pandemics or any other crisis,” he said.

Trusock hopes there will be no setback to the scheduled resumption of trials. He said if this was your son on trial or if your daughter had been murdered or the victim of a terrible crime, you would want jurors who could come and be fair to both sides and deliver a verdict.

“We need jurors who can be attentive, listen to what is going on and not worry too much about sitting here during a trial,” he said.

More on MLive:

Michigan reports 1,486 new coronavirus cases, 10 deaths Friday March 5

With backlogs in the hundreds, Kent and Ottawa county judges hope to start settling cases

How Michigan courts determine when to hold jury trials again after pandemic closes

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