Website Financing – Theme Killer http://themekiller.me/ Tue, 20 Sep 2022 01:23:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://themekiller.me/wp-content/uploads/2021/04/default.png Website Financing – Theme Killer http://themekiller.me/ 32 32 Cryptocurrency, NFTs attract some film financiers https://themekiller.me/cryptocurrency-nfts-attract-some-film-financiers/ Mon, 19 Sep 2022 20:46:00 +0000 https://themekiller.me/cryptocurrency-nfts-attract-some-film-financiers/ “Computers are useless”, exclaimed Pablo Picasso more than 50 years ago. “They can only give you answers.” No doubt it would turn in its grave when faced with the current alliance of computer programs, tech companies, and digital artists banding together to create non-fungible tokens (NFTs). It’s a rapidly changing and potentially very risky world […]]]>

“Computers are useless”, exclaimed Pablo Picasso more than 50 years ago. “They can only give you answers.” No doubt it would turn in its grave when faced with the current alliance of computer programs, tech companies, and digital artists banding together to create non-fungible tokens (NFTs). It’s a rapidly changing and potentially very risky world for filmmakers, producers and others looking for new ways to raise funds, but should be approached with caution, research and a good look at recent history.

NFTs – in case you need to remind people – are digital artwork and images, often sliced ​​into bite-sized tokens, that rely on blockchain technology to prove ownership. The explosion of interest and speculation around NFTs and the broader cryptocurrency craze that heated up over the previous decade has now dramatically imploded over the past six months, with over $2 trillion wiped out. The bursting of the digital asset and decentralized finance (DeFi) bubble has drawn acute attention, but also pain for millions of investors given that by mid-2021, more than 16% of the American population had bought into the crypto craze.

Although everyone consulted for this report had no problem with the underlying robustness of blockchain technology (essentially a digital ledger of transactions that is duplicated and distributed across an entire network of computer systems), its effectiveness depends on the use made of it. And although blockchain and cryptocurrency are two distinct technologies, they are intrinsically linked. Cryptocurrency works through the blockchain, as it is also a decentralized digital system, but designed for and enabling the trading of digital or virtual currencies.

Among the many crypto skeptics is BlackRock founder Larry Fink, who in 2017 joked that “Bitcoin just shows you how much demand for money laundering exists in the world.”

Digital asset evangelists such as Silicon Valley mogul Marc Andreessen, head of backing for several crypto start-ups, have made a famous revisionist claim that “every failed dot-com idea would work now.” The latest economic bubble burst does not confirm Andreessen’s theory, as the cryptography that was underlying the financial constructs, not to mention currencies, fell like dominoes never to see the digital light again.

Things can get shady even when currencies are built to create stability, as in the case of TerraUSD and Luna. Terra had a value pegged at $1, which in theory would not fall below, being held at that level by its sister coin Luna. If the Terra price rose above $1, investors could withdraw Luna coins from circulation (a practice called burning) in exchange for new TerraUSD coins, bringing the cost down to $1. Luna’s price, as coins became increasingly scarce, was supposed to increase.

However, the system only works if Luna has real value. For a period following its launch in 2019, its price skyrocketed, in part due to an aggressive offer to pay 20% interest on savings held using the currency, taking it to a high of $120. in April. But when the crash hit, investors started withdrawing their money to cover losses elsewhere…and Luna crashed. This set off a “death spiral”, as people turned Terra into Luna, causing Luna’s price to soar. Each redemption round simply saw Luna sink lower and lower. In just a few weeks, the value of the Luna coin has fallen to fractions of a dollar. The whole game was in place.

“Whatever the fate of decentralized cryptocurrencies, crypto and blockchain forms of technology are here to stay,” says Eswar Prasad, author of “The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance.” The challenge, he says, is multifaceted but requires sophisticated regulation. The catch is that “when an industry calls for regulation, it usually yearns for the legitimacy that comes with it while trying to minimize oversight. Should the biggest risk regulators take precautions? Giving the crypto industry an official imprimatur while subjecting it to light regulation.

It’s a baffling conundrum for filmmakers flirting with the market. “Let’s be honest – there’s a good reason the celebrity-driven crypto and NFT scam market has crashed,” says Oscar-winning writer-producer James Schamus. “To paraphrase Matt Damon, ‘Fortune does not favor the gullible’, which may explain why the average selling price of NFT has fallen 92% over the past six months. But that said, there are still potentially legitimate uses for some of these technologies, including perhaps digital rights management, royalty and residual tracking, and more.As with any hyper-financialized derivative, there will always be speculators, gamers and scammers to inflate markets at special-prices-for-you-certified-one-of-a-kind-digital-whatzyhoosies – but I wouldn’t dismiss the possible usefulness of these technologies just yet.

Taking Schamus’ cautious positive note one step further, diving into the terrain highlights the strong intersections between NFTs and the video game world, rather than directly to live-action movies and TV (although animation or another matter). “There is clear utility in video games because buying NFT is based on first-person emotional investment,” says Web 3.0 blogger and digital entrepreneur James K. Wight. “The clear message is that you are buying because it is fun and adds a sense of completion to the user. On the other hand, there’s nothing an NFT can do that a great video game can’t do better.

Producers have long been drawn to potential new opportunities for funding and creative products, and therein lies part of the problem. “Producers are sellers first and are desperate to find new and alternative sources of funding,” says Brian Beckmann, CFO of Arclight Films. “Therefore, they are likely to believe their own bullshit and therefore that of others.”

However, some astute growers have made it a point to kick the tires and investigate the feeding frenzy firsthand. Red and Black award-winning film producer and game developer John Giwa-Amu traveled from Wales to San Francisco to attend the Game Developers Conference earlier this spring. He had already had the less-than-exciting experience of trying to turn his debut feature, “White Little Lies,” into an NFT opportunity that “was a complete waste of time.”

“Once you get past the gold rush hype and the 20-year-old [then] millionaires, you realize that this market is very young, has suffered from huge mistakes and has a fundamental lack of understanding of the behavior of finance and risk. The key takeaway is that IPs in the form of digital webs are the tangible element behind NFTs, but the quality of that creative work really matters,” he says.

High-quality filmmakers were drawn to the opportunities, but approached the burgeoning industry cautiously enough to keep their shirts on. StudioNX, an Emmy-winning British-Canadian animation studio, felt the rush of demand when it launched “Gorecats,” combining an animated series with the launch of 1,111 NFTS at $100 per token on Magic Eden via the Solana network. The first series of NFTs sold out in 45 seconds. From that exhilarating start, founder Adam Jeffcoat hired a financial payment manager to deal with “volatility and changing values, not to mention strong finances! I see great potential, but the ups and downs have made me think that I only want part of our business involved, not all the pork. Jeffcoat points out that the key is that animated NFTs should be “supported by great storytelling, which in turn is much more engaging for people.”

Scratch the surface of game developers turned Web 3.0 entrepreneurs and there’s a slew of creative work being done that’s already redefining what the metaverse could offer us all. Developed by Tiny Rebel Games, an award-winning game and augmented reality (AR) developer, the Petaverse Network is the first cross-chain platform that has created the next generation of “immortal” pets across the metaverse. “Cool things are possible,” says co-founder Susan Cummings. “Cats do things! We can operate a cat in space and make it interesting. Petaverse’s creation of virtual pets works in games, augmented reality, virtual reality, wearables, and social media. Cummings says their pets evolve based on the nature of their specific DNA and the nature of their connection to you — a kind of reflexive animal-human dynamics if you will.

A key motivation for Cummings and his partner, Lee Cummings, was the desert of virtual pets once adored but abandoned over the years: Neopets, Tamagotchi, not to mention the 24 million Nintendogs that were bought, loved and then abandoned. that technology was constantly changing. on. “We love the idea that anyone can own it and take it with them, and it will still be relevant 30 years from now – a digital heirloom you can send to your grandkids.”

By combining games, XR and Web 3.0 and hosting the project through the Polygon platform on the Ethereum blockchain, Petaverse has set an open standard, allowing other projects to connect and create new experiences alongside the animals of virtual company. “It’s about creating an open, sharing community with an easy-to-use transportation system,” Cummings points out. This philosophy is far removed from the winner takes all the competition found in Hollywood and Silicon Valley.

But while some small shingles are finding ways to tame and use crypto and NFTs, there’s still too much volatility and questions to go mainstream in the entertainment industry, until the next big funding round. arrived.

Dive into “Bet on Entertainment”: A VIP+ Special Report

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Should I buy a car now or wait? https://themekiller.me/should-i-buy-a-car-now-or-wait/ Sat, 17 Sep 2022 16:32:17 +0000 https://themekiller.me/should-i-buy-a-car-now-or-wait/ Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According Kelley’s Blue Book, the average price of […]]]>

Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles.

According Kelley’s Blue Book, the average price of a new car hit an all-time high of $48,301 in August, up nearly 11% from a year ago. And with another Federal Reserve interest rate hike set to hit soon, a new car is fast becoming a luxury few Americans can afford.

That said, there are still signs of hope for those looking to buy an affordable vehicle this year. Below, Select takes a closer look at how consumers can find the best deals without spending more than their budget allows.

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How to strategically buy a car in 2022

Of course, the real question is: should you buy a car now or wait until 2023?

Zach Shefska, co-founder and CEO of YAAa car buyer advocacy website, says you should wait to buy a car because prices will stay high due to low inventory.

According a recent report from Cox Automotive, the number of new and unsold vehicles available remained stable at 1.09 million. While this is technically a small improvement on the 1.07 million vehicles available last year, the numbers are still a far cry from where they were before the pandemic, when there were easily 2.55 million vehicles available in July 2020 or 3.69 million vehicles available in July 2019. .

Unfortunately, Shefska says it’s going to be a long time before manufacturers can recoup that number, but there are a few ways to give yourself a little edge when buying your next vehicle if you just can’t wait any longer.

Track car prices aggressively before you buy

First, Shefska recommends doing thorough research on the car you like and looking for other similar vehicles recently sold in your area. The more research you do, the more confident you will feel when you walk into a dealership. You can find free tools to do this on websites such as YAA, CarGurus and Cars.com.

If a dealer pushes back the desired price, mention the research you’ve done on other local, comparable deals. If they keep rushing you and giving you no wiggle room, consider taking the same search to another dealer and trying again there.

Buyers have leverage for some used vehicles

Shefska also says used car prices have fallen since the start of the summer and could continue to fall. This is because wholesale prices have come down, clearing the way for dealers to lower their prices as well. That said, there was a small spike in mid-summer, which brought the average used car price to just over $28,000 in July 2022.

Kelley’s Blue Book says real savings can be made when buying larger vehicles such as SUVs and pickup trucks, as consumers have shifted away from less efficient vehicles amid recent spikes in gas prices . Savings on small compact cars, meanwhile, can be harder to come by.

According to Shefska, if you’re looking for a used vehicle, consumers are in the driver’s seat. He strongly recommends buyers track down vehicles that have been sitting in the lot for more than 60 days – the longer the car sits there, the more incentive the dealership has to sell it.

Show up at the dealership with financing or cash in hand

It is well known that car dealerships make big profits by linking their cars to loans on their premises. Walking into a dealership with financing from your local bank or credit union — or cash on hand — will give you much more leverage to negotiate the car’s price down.

To find an auto loan in your area, you should first check to see if your own bank or credit union offers them. It’s also best to shop around online to find a lender with the best available interest rate and repayment terms that work for you.

If you have good to excellent credit, consider working with one of the following lenders for your car loan, as they all offer a reasonable APR or annual percentage rate:

Select has detailed the pros and cons of using a personal loan over an auto loan when buying a car. You can check out Select’s personal loan marketplace to compare loans and find the one with the best rates and terms for you.

Before applying for a new car loan, check your credit score to see if you might qualify for a low-interest loan. You can also check and monitor your credit score with one of the following credit monitoring services:

Chase Credit Journey

  • Cost

  • Credit bureaus monitored

  • Credit score model used

  • Dark web analysis

  • Identity theft insurance

Capital One CreditWise®

Information on CreditWise was collected independently by Select and was not reviewed or provided by Capital One prior to publication.

  • Cost

  • Credit bureaus monitored

  • Credit score model used

  • Dark web analysis

  • Identity insurance

American Express® MyCredit Guide

  • Cost

  • Credit bureaus monitored

  • Credit score model used

  • Dark web analysis

  • Identity theft insurance

Advantages

  • Score Goals lets you set a desired credit score and get personalized recommendations on the best ways to improve it
  • Has a credit score simulator

The inconvenients

  • Monitors only one credit bureau report
  • No dark web scanning
  • Does not offer identity theft insurance

Finally, if you plan to buy a car with cash, it might be a good idea to put your money in a high-yield savings account, which offers an above-average APY, so you can put your money to work for a bit. faster. Select ranked these accounts among the best:

LendingClub High Yield Savings

LendingClub Bank, NA, Member FDIC

  • Annual Percentage Yield (APY)

  • The minimum balance

    No minimum balance required after $100.00 to open the account

  • Monthly fee

  • Maximum transactions

  • Excessive transaction fees

  • Overdraft fees

  • Offer a current account?

  • Offer an ATM card?

Marcus by Goldman Sachs High Yield Online Savings

Goldman Sachs Bank USA is a member of the FDIC.

  • Annual Percentage Yield (APY)

  • The minimum balance

    None to open; $1 to earn interest

  • Monthly fee

  • Maximum transactions

    Up to 6 free withdrawals or transfers per statement cycle *Cycle withdrawal limit of 6/instructions is waived during the Coronavirus outbreak under Regulation D

  • Excessive transaction fees

  • Overdraft fees

  • Offer a current account?

  • Offer an ATM card?

At the end of the line

As long as the car market continues its slow recovery, prices will still be strongly inflated. As a result, Shefska says if you don’t absolutely need to buy a car right now, it’s probably best to wait.

In the meantime, consider using public transport more or getting around via ride-sharing services if your budget allows. If you have to buy a vehicle this year, check your credit score and bank account first to see what you can afford without neglecting any other financial responsibilities.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

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Josh Riley showcases his “deep roots in upstate New York.” He just returned after a decade in DC https://themekiller.me/josh-riley-showcases-his-deep-roots-in-upstate-new-york-he-just-returned-after-a-decade-in-dc/ Fri, 16 Sep 2022 09:05:24 +0000 https://themekiller.me/josh-riley-showcases-his-deep-roots-in-upstate-new-york-he-just-returned-after-a-decade-in-dc/ Democrats The Congress Dem hopeful was a partner at an elite law firm, where he defended corporate clients Collin Anderson • September 16, 2022 5:00 a.m. In his campaign materials, Democrat Josh Riley is a flannel-wearing, beer-drinking, fifth-generation New Yorker with blue-collar values. In real life, Riley spent years at an elite law firm in […]]]>

The Congress Dem hopeful was a partner at an elite law firm, where he defended corporate clients

Collin Anderson • September 16, 2022 5:00 a.m.

In his campaign materials, Democrat Josh Riley is a flannel-wearing, beer-drinking, fifth-generation New Yorker with blue-collar values. In real life, Riley spent years at an elite law firm in Washington, D.C. and returned upstate just months ago to kick off his run for Congress.

by Riley campaign website says the Democrat is “running for Congress to give working families a Square Deal” and touts his upstate “working class” upstate New York upbringing. by Riley campaign launch video, meanwhile, features the contestant clad in flannel and a hoodie alongside ramshackle factories and modest homes. Later in the spot, before clinking a Miller Lite glass in a dimly lit dive bar, Riley pledges to get back “to the kitchen table” with her “neighbors.” [in] upstate New York and ask what is best for them.”

Before his run for Congress, however, these upstate New Yorkers hadn’t been Riley’s neighbors in more than a decade. Instead, Riley spent years in DC at a top international law firm defending corporate clients such as Apple and Uber, and he only registered to vote in his northeastern district. New York state until after his campaign launch — facts that could tarnish the Democrat’s local blue-collar workers. image as he runs against Republican County Executive Marc Molinaro in the state’s 19th congressional district.

After graduating from Harvard Law School in 2007, Riley spent four years in Florida and California before moving to DC to become general counsel to former Democratic Senator Al Franken, his LinkedIn shows. In 2014, he began working in the DC office of international law firm Boies Schiller Flexner, a lucrative job that helped the Democrat amass a net worth of up to $4 million, according to his candidate financial disclosure.

Two years later, in 2016, Riley married his wife, a strategic consultant, at Memorial Continental Hall in the nation’s capital, a place where self-described ‘urban’ couple ‘loved’ because it was ‘totally DC’ The couple then bought a four-bedroom home in the city for $1.6m in June 2020 – Riley is still paying property taxes on the home in Starting this year, according to local records reviewed by the Free Washington Beacon.

Riley, whose campaign did not return a request for comment, traded Boies Schiller Flexner for another international company Jenner & Block in January 2021 before leaving the company in October 2021. Just a month later, he is returned to upstate New York to launch his campaign for Congress. , says his LinkedIn. In February 2022, Riley registered to vote in the area, using an address located in a “luxury” building with “sophisticated styles” and a “world-class collection of amenities,” including “wine storage,” “pet spa,” and “yoga studio.” Prior to the move, Riley had not been registered to vote in New York since 2006.

While Riley’s campaign site says the Democrat “hit back at big business,” Riley’s time at Boies Schiller Flexner saw him defend Uber and GoDaddy.com against patent and trademark infringement claims. , legal filings reviewed by the Free tag To display. Riley also represented Apple in a class action lawsuit accusing the tech giant of unlawfully censoring conservative content online.

Still, Riley’s launch video underscores the candidate’s bipartisan good faith by showing Riley praising a self-proclaimed Republican voter in a parking lot. His Twitter accountmeanwhile, does not mention his degrees from Harvard and William & Mary, but lists his year of graduation from Union-Endicott High School in upstate New York.

Beyond Riley’s corporate clients, the Democrat’s stint at Boies Schiller Flexner came at a controversial time for the law firm. In the fall of 2016, shortly before Riley became a partner at Boies Schiller Flexner, the firm aided Harvey Weinstein in his quest to suppress allegations that the disgraced Hollywood mogul sexually assaulted scores of women. Hunter Biden was also a consultant at Boies Schiller Flexner from 2011 to 2017, during which time he brought a now infamous client to the firm: Ukrainian energy company Burisma Holdings. Riley has raised over $140,000 from employees of Boies Schiller Flexner, federal government campaign finance disclosures To display.

Riley won his August primary by 28 points and will face Molinaro in November. Despite Riley’s close ties to DC, Molinaro has a slight financial advantage over the Democrat – Molinaro has raised $1.6 million vs. Riley’s $1.4 million as of Aug. 3.

]]> Liberman: Netanyahu uses ‘exact methods’ of Nazi propagandist Goebbels https://themekiller.me/liberman-netanyahu-uses-exact-methods-of-nazi-propagandist-goebbels/ Sun, 11 Sep 2022 13:13:02 +0000 https://themekiller.me/liberman-netanyahu-uses-exact-methods-of-nazi-propagandist-goebbels/ Finance Minister Avigdor Liberman, leader of the Yisrael Beytenu party, on Sunday accused his political rival and opposition leader Benjamin Netanyahu of employing the “exact methods” of Joseph Goebbels, the Nazi party’s top propagandist, as well as the dictator Soviet Joseph Stalin. The comparison sparked political outrage, and he later said he had no intention […]]]>

Finance Minister Avigdor Liberman, leader of the Yisrael Beytenu party, on Sunday accused his political rival and opposition leader Benjamin Netanyahu of employing the “exact methods” of Joseph Goebbels, the Nazi party’s top propagandist, as well as the dictator Soviet Joseph Stalin.

The comparison sparked political outrage, and he later said he had no intention of harming anyone.

Liberman had in recent days accused Likud leader Netanyahu of being behind claims by Yossi Kamisa, a former Liberman associate, that the Yisrael Beytenu leader tried to hire him to kill a police commissioner two decades ago, charges that Liberman denies.

“This is blood libel,” Liberman said as he entered the cabinet meeting on Sunday.

“These are Netanyahu’s methods, just like Goebbels’ and Stalin’s, of making the most serious and absurd accusation and repeating it a million times until people get used to the absurdity. “, Liberman said.

The frequency of slander between Liberman and Netanyahu — colleagues turned rivals — has increased in recent weeks, amid a report that Netanyahu is trying to undermine Yisrael Beytenu in a bid to knock the party five seats below the electoral threshold in November 1 election.

The Likud party slammed the finance minister for “insulting” the Holocaust and hinted he had Mafia ties by calling him “Don Liberman”.

“Don Liberman has no borders. His false and outrageous words are an insult to the Holocaust,” the party said in a statement.

Avigdor Liberman, then defense minister, and Benjamin Netanyahu, then prime minister, in the Knesset on October 23, 2017. (Hadas Parush/Flash90)

Liberman later defended his comments, but said he was sorry for any offense caused.

“Netanyahu has indeed forgotten that the people closest to him chose to call the Israel Police ‘the Gestapo’ but he still vividly remembers how to use propaganda methods to harm me,” Liberman wrote on Twittera reference to comments allegedly made by Yair Netanyahu several years ago.

He added: “I had no intention of hurting anyone and certainly not on an issue that is so close to my heart: the Holocaust and the Second World War, including some members of my family. were victims”.

Liberman continued that “no one will preach morality to me, and my actions speak for themselves,” noting efforts to increase social benefits for Holocaust survivors in Israel.

Liberman immigrated to Israel in 1978 from then-Soviet Moldova and has long said many of the attacks on him by political rivals were rooted in racism against Israelis from the former Soviet Union.

Opposition politicians, as well as some colleagues in Liberman’s coalition, condemned Liberman for comparing Netanyahu to a high-ranking Nazi.

Prime Minister Yair Lapid and Defense Minister Benny Gantz, both sons of survivors, chastised their cabinet colleague for invoking the Holocaust against a political rival.

“Even when we are faced with an endless machine of poison and incitement eating away at Israeli society, the Holocaust should be left behind. Any statement that equates or implies this only harms the memory of the Holocaust and our social cohesion,” tweeted Lapid, the leader of Yesh Atid.

Then Blue and White leaders Benny Gantz (R) and Yair Lapid during a faction meeting at the Knesset on November 18, 2019. (Hadas Parush/Flash90)

National Unity party leader Gantz conveyed a similar message, tweeting that while he “greatly appreciates” Liberman, he “condemns the unacceptable comparison with those who committed the worst atrocities in the history of the United States. ‘humanity”.

Gantz said “boundaries have to be set” even during a tough election campaign.

Netanyahu’s opposition partners were also quick to rally behind Liberman.

Religious Zionism leader Bezalel Smotrich called Liberman a “bully provocateur” who spread “hate and boycotts”, an apparent reference to Liberman’s drive to cut subsidies for full-time religious studies – mostly intended to Haredi men, but also to a segment of the national religion. community.

“Now it dishonors the memory of the Holocaust as well. The Israeli public must take it down in order to make Israel a better place,” Smotrich said.

Adolf Hitler, Nazi Propaganda Minister Joseph Goebbels (right) and others watch filming at Universum Film AG, the main film studio in Germany at the time, in 1935. (Photo credit: CC-BY- SA, Bundesarchiv, Bild 183-1990 -1002-500, Wikipedia)

Moshe Gafni, who leads the ultra-Orthodox United Torah Judaism party, reacted similarly, saying Liberman did not respect cultural red lines around the Holocaust.

“[Liberman is] someone who tries to spread pork all over Israel and goes after various groups in Israeli society – no wonder he doesn’t view the Holocaust and its various components as a disaster that can’t be compared to d ‘other issues,’ Gafni said, also calling for Liberman to step down from public life.

Last week, Liberman called Netanyahu “a scum of the human race” while accusing the Likud leader of being behind Kamisa’s accusations.

Attorney General Gali Baharav-Miara is expected to make an initial assessment of Kamisa’s allegations, but no official investigation is planned.

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Baker Botts Ranks No. 1 in Texas Capital Markets Transactions for H1 2022 | New https://themekiller.me/baker-botts-ranks-no-1-in-texas-capital-markets-transactions-for-h1-2022-new/ Wed, 07 Sep 2022 14:48:38 +0000 https://themekiller.me/baker-botts-ranks-no-1-in-texas-capital-markets-transactions-for-h1-2022-new/ HOUSTON, September 7, 2022 – The Texas Law Book ranked Baker Botts as the top legal counsel – both by number and deal value – for capital markets transactions conducted by Texas-based attorneys in the first half of 2022. According to the publication, Baker Botts led all law firms with 17 deals worth $10.5 billion […]]]>

HOUSTON, September 7, 2022 – The Texas Law Book ranked Baker Botts as the top legal counsel – both by number and deal value – for capital markets transactions conducted by Texas-based attorneys in the first half of 2022.

According to the publication, Baker Botts led all law firms with 17 deals worth $10.5 billion reported between Jan. 1 and June 30. Texas for this shorter period.

Notable capital markets transactions the company processed in Texas during the first half of the year include:

  • Cleco Power LLC in a $425 million utility securitization bond offering;
  • CenterPoint Energy Resources Corp. in connection with a $500 million offering of senior notes;
  • The underwriters in the $1 billion debenture offering for Burlington Northern Santa Fe;
  • Waste Management in a $1 billion senior note offering;
  • Sunnova Energy Corporation in residential solar securitizations totaling over $650 million;
  • Citigroup and Morgan Stanley in two separate block transactions for a selling shareholder of Magnolia Oil & Gas Corporation;
  • SHUAA Partners Acquisition Corp I in its IPO;
  • Valero Energy Corporation in connection with $650 million senior note offering and concurrent cash tender offers;
  • The underwriters of the initial public offering of Clean Earth Acquisitions Corp. ;
  • The initial purchasers of the senior note offering by Calumet Specialty Products Partners, LP and
  • The underwriters in the secondary public offering of Class A common stock of Liberty Energy Inc.

Baker Botts has extensive experience in managing virtually all types of capital markets and financing transactions, as well as specific industry and regulatory expertise necessary for many of the innovative financing structures used to raise capital at attractive in the current interest rate environment. Issuers, investment banks and private equity sponsors of all sizes across a range of industries rely on Baker Botts’ capital markets and finance teams to help them raise and deploy capital through a wide range of securities and loan products.

ABOUT BAKER BOTTS LLP
Baker Botts is an international law firm whose lawyers practice in a network of offices around the world. With our experience and knowledge of our clients’ industries, we are recognized as a leading company in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions to our clients while demonstrating an unwavering commitment to excellence. For more information, please visit www.bakerbotts.com.

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Credit Suisse expands in Qatar and launches a technology hub https://themekiller.me/credit-suisse-expands-in-qatar-and-launches-a-technology-hub/ Mon, 05 Sep 2022 19:07:00 +0000 https://themekiller.me/credit-suisse-expands-in-qatar-and-launches-a-technology-hub/ The logo of Swiss bank Credit Suisse is seen in an office building in Zurich, Switzerland, September 2, 2022. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register ZURICH, Sept 5 (Reuters) – Credit Suisse (CSGN.S) will expand into Qatar through a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the […]]]>

The logo of Swiss bank Credit Suisse is seen in an office building in Zurich, Switzerland, September 2, 2022. REUTERS/Arnd Wiegmann

Join now for FREE unlimited access to Reuters.com

ZURICH, Sept 5 (Reuters) – Credit Suisse (CSGN.S) will expand into Qatar through a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.

It will create up to 100 jobs there over the next few years in its wealth management, investment banking and asset management divisions and through the launch of a technology and engineering hub.

“This expansion will further strengthen the bank’s premier wealth management business, deepen the bank’s local footprint and help accelerate Credit Suisse’s development and digitalization in Qatar and the wider region,” IPA Qatar and Credit Suisse said in a joint statement.

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The move comes as Credit Suisse plans to cut around 5,000 jobs, or roughly one in 10 positions, as part of a cost-cutting campaign by Switzerland’s second-largest bank, a source told Reuters. aware of the issue last week. Read more

Credit Suisse is present in more than 50 countries and has been operating in Qatar since 2006 through the Qatar Financial Center platform, the statement said.

Qatar Holding is one of its largest shareholders with a stake of just over 5%, according to the bank website.

Qatar has tried to diversify its economy by promoting its financial sector, which it says now ranks second after the hydrocarbon industry.

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Reporting by Oliver Hirt and Michael Shields Editing by Mark Potter

Our standards: The Thomson Reuters Trust Principles.

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NSB becomes the most popular banking and finance website for the second year in a row – The Island https://themekiller.me/nsb-becomes-the-most-popular-banking-and-finance-website-for-the-second-year-in-a-row-the-island/ Sat, 03 Sep 2022 23:29:51 +0000 https://themekiller.me/nsb-becomes-the-most-popular-banking-and-finance-website-for-the-second-year-in-a-row-the-island/ ECONOMYNEXT –Sri Lanka’s ongoing economic crisis would worsen if a creditor did not agree, a senior International Monetary Fund (IMF) official has said, amid concerns that China will not accept Western creditors over the restructuring of debt on an equal footing. All Sri Lankan creditors, including China, must agree to restructure their existing loans to […]]]>

ECONOMYNEXT –Sri Lanka’s ongoing economic crisis would worsen if a creditor did not agree, a senior International Monetary Fund (IMF) official has said, amid concerns that China will not accept Western creditors over the restructuring of debt on an equal footing.

All Sri Lankan creditors, including China, must agree to restructure their existing loans to the island nation before the IMF begins disbursing a US$2.9 billion loan on which a preliminary agreement was announced on Thursday .

“If a creditor or creditors are unwilling to provide these assurances, it would indeed aggravate the crisis here in Sri Lanka and undermine repayment capacity,” Peter Breuer, the IMF’s senior mission chief, told reporters in Colombo. , when asked if China would not. agree on a debt restructuring plan.

“So a worsening crisis basically means that the resources available for servicing the debt would decrease,” he said at the press conference after wrapping up a nine-day visit to finalize the deal in the country. personnel level and a loan package for Sri Lanka’s reforms.

“So it is actually in the interest of all creditors to work together and with Sri Lanka so that Sri Lanka can emerge from this crisis as soon as possible and regain its ability to repay and service this new debt. who will come out of these debt negotiations.”

So far, China has not agreed to a debt restructuring that could include a haircut or an interest rate cut. Instead, China has expressed its willingness to refinance Sri Lanka to repay its previous borrowings without any changes, according to Lankan officials. on one’s last legs. Lazard served as legal counsel in the debt restructuring of Zambia where creditors included China.

The Paris Club of Western nations which has a well-defined unified process for dealing with defaulting nations, which is familiar to the IMF.

“Sri Lanka is in a special situation, with much of its public debt outside of Paris Club creditors,” Breuer said.

“It is important to act quickly. We want to prevent the crisis from getting worse.

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New Law Forces Removal of Missouri Public Contracts Website https://themekiller.me/new-law-forces-removal-of-missouri-public-contracts-website/ Tue, 30 Aug 2022 22:40:33 +0000 https://themekiller.me/new-law-forces-removal-of-missouri-public-contracts-website/ (TNS) – Governor Mike Parson’s administration on Monday shut down access to a website that lets Missourians track who wins potentially lucrative government contracts. In an announcement posted on an administration office’s procurement website, officials say a new law requires them to remove contract award information from public access for privacy reasons. . The new […]]]>

(TNS) – Governor Mike Parson’s administration on Monday shut down access to a website that lets Missourians track who wins potentially lucrative government contracts.

In an announcement posted on an administration office’s procurement website, officials say a new law requires them to remove contract award information from public access for privacy reasons. .

The new law, which was signed by Parson, went into effect on Sunday.


“Effective August 28, 2022, public access to contract documents along with specific contractor contact information will be removed from the MissouriBUYS Contract Board unless the law changes,” the notice reads.

The change means taxpayers looking to figure out how their money is being spent will need to file Sunshine Law requests to get that information. But since all documents will need to be reviewed and then redacted, the office warns of lengthy delays.

“Due to the expected volume of requests resulting from these measures taken to ensure compliance (with the law), the requester may experience a long wait time for the availability of documents,” the notice states.

Rep. Dan Holly, R-Warrensburg, was the original sponsor of House Bill 2400. The contract provisions were added to the Senate in the final days of the spring session by Sen. Sandy Crawford, R-Buffalo.

Crawford could not be reached for comment on Monday. Holly said the notice came as a surprise.

“That was definitely not the intention,” Holly said Monday.

The new law is designed to protect nonprofits from having to disclose their donors to government agencies and allow certain limited liability companies to contribute to applicants.

The so-called Privacy Act also shuts down any records or lists in the possession of a public agency containing the identities of supporters under Missouri’s Open Records Law and court rules.

In approving the legislation, lawmakers said the law would protect the privacy of people wishing to donate to causes they support.

When it was passed by the House and Senate in the spring, however, the Office of Administration, which oversees state procurement, warned the change would require them to review more than 200,000 appeal documents of public tenders and contracts in its online database to secure “personal information”. non-profit organizations is not disclosed.

“The Purchasing Division would be forced to take down this website to avoid exposing a member’s name,” a tax analysis says. “It would also increase the number of Sunshine Law requests for documents currently available online.”

Generally, users can check the website to see who wins contracts for products and programs used by the state. This ranges from the Missouri Department of Transportation buying asphalt to the Department of Health and Senior Services buying personal protective equipment.

Other agencies have also warned against approving House Bill 2400.

The Missouri Department of Revenue, for example, said it could be hampered in determining whether organizations owe state tax if they can’t request personal information.

At the Missouri Department of Labor and Industrial Relations, the department could fail to comply with federal requirements if a nonprofit stops submitting quarterly wage reports, putting the Unemployment Insurance program at risk of losing federal funding.

This is not the first time that Parson has attempted to restrict public access to government records.

Earlier this year, he proposed changes to the Sunshine Act that would allow government agencies to withhold records while allowing them to charge more for access.

©2022 the St. Louis Post-Dispatch, Distributed by Content Agency Tribune, LLC.

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The Peruvian government proposes a budget increase of 9% for 2023 https://themekiller.me/the-peruvian-government-proposes-a-budget-increase-of-9-for-2023/ Sat, 27 Aug 2022 04:52:00 +0000 https://themekiller.me/the-peruvian-government-proposes-a-budget-increase-of-9-for-2023/ LIMA, Aug. 26 – The Peruvian government presented its 2023 budget plan to Congress on Friday, proposing a 9% increase in this year’s initial budget to 215 billion soles ($55.93 billion). According to the proposal, published on the Congress website, the government expects economic growth of 3.5% next year, as announced Thursday by the Minister […]]]>

LIMA, Aug. 26 – The Peruvian government presented its 2023 budget plan to Congress on Friday, proposing a 9% increase in this year’s initial budget to 215 billion soles ($55.93 billion).

According to the proposal, published on the Congress website, the government expects economic growth of 3.5% next year, as announced Thursday by the Minister of Economy and Finance, Kurt Burneo.

Burneo said it planned measures to revive private spending, increase public investment and restore investor confidence in the country.

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The budget plan also calls for a 3.5% rise in cumulative consumer prices for 2023, well below the 4.9% inflation forecast by the Economy Ministry the previous day.

Peru, the world’s second-largest copper producer, sees mining as its main source of funding, and the government expects copper prices to fall in 2023. The industry frequently suffers protests from local communities, halting or slowing production.

Friday’s budget also projects an average exchange rate for next year of 3.94 soles to the US dollar. As the country faces political uncertainty, with President Pedro Castillo plagued by a wave of corruption allegations, the ground fell to a historic low last October, although it has gradually recovered and has closed Friday up 0.23% at 3.8380/3.841 soles to the dollar.

Along with the budget proposal, the government sent a public borrowing strategy for the coming year, with plans for national bond issues of up to 20.67 billion soles.

The government also plans to conduct debt management operations of up to $6 billion through bond prepayments, debt swaps or swaps, buybacks and internal or external securities issues. .

($1 = 3.8198 soles)

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Reporting by Marco Aquino; Written by Kylie Madry; Editing by Kenneth Maxwell

Our standards: The Thomson Reuters Trust Principles.

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Some Bed Bath & Beyond Suppliers Halt Shipments Over Unpaid Invoices https://themekiller.me/some-bed-bath-beyond-suppliers-halt-shipments-over-unpaid-invoices/ Fri, 19 Aug 2022 21:49:00 +0000 https://themekiller.me/some-bed-bath-beyond-suppliers-halt-shipments-over-unpaid-invoices/ Some Bed Bath & Beyond suppliers are restricting or halting shipments altogether after the home goods retailer fell behind on payments, according to people familiar with the matter, making it harder for the company to do business. scramble for liquidity. Several of the companies that provide credit insurance or short-term financing to sellers have revoked […]]]>

Some Bed Bath & Beyond suppliers are restricting or halting shipments altogether after the home goods retailer fell behind on payments, according to people familiar with the matter, making it harder for the company to do business. scramble for liquidity.

Several of the companies that provide credit insurance or short-term financing to sellers have revoked Bed Bath & Beyond coverage, according to the people, who asked not to be identified while discussing private information. The Union, New Jersey-based company did not immediately respond to requests for comment.

Shares of Bed Bath & Beyond shed half their value this week after influential investor Ryan Cohen dumped his stake in the company. The stock extended its decline in after-hours trading on Friday, down 6.2% at 5:21 p.m. in New York.

The retailer has previously said it is struggling to optimize cash and inventory, and ordering errors appear to have left it with a glut of merchandise that will need to be sold at discounted prices. Chief executive Mark Tritton stepped down in June, replaced on an interim basis by board member Sue Gove.

A supplier survey conducted by Pulse assessments, an independent credit rating and advisory firm, found Bed Bath & Beyond to be overdue with all respondents, with some claiming that more than half of their accounts receivable from the company were overdue. Payments were 90 days overdue, the sellers said in the survey seen by Bloomberg.

Meanwhile, management lacks guidance on its plans to catch up on overdue bills, respondents said. The survey did not identify the respondents, and Pulse Ratings declined to comment on the report.

Supply chain disruptions and weakening consumer confidence have left many retailers overwhelmed with goods after initially working to build up scarce stocks.

Bed Bath & Beyond’s inventory rose more than 12% in the latest quarter from a year earlier and sales fell, according to its earnings report for its first quarter, which ended May 28. .

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