Healthcare workforce statistics – MHWWB http://mhwwb.org/ Sun, 19 Jun 2022 16:07:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mhwwb.org/wp-content/uploads/2021/10/icon-34-150x150.png Healthcare workforce statistics – MHWWB http://mhwwb.org/ 32 32 Dogecoin pumps 8% after Elon Musk says he’s still buying https://mhwwb.org/dogecoin-pumps-8-after-elon-musk-says-hes-still-buying/ Sun, 19 Jun 2022 12:14:28 +0000 https://mhwwb.org/dogecoin-pumps-8-after-elon-musk-says-hes-still-buying/ As the current crypto routine continues, both Bitcoin and Ethereum are down 30% over the past week, and the total crypto market cap has fallen to $830 billion. But Elon Musk stated that he will “continue to support Dogecoin”. That was enough to send DOGE up 8% to $0.058. I will continue to support Dogecoin […]]]>

As the current crypto routine continues, both Bitcoin and Ethereum are down 30% over the past week, and the total crypto market cap has fallen to $830 billion. But Elon Musk stated that he will “continue to support Dogecoin”.

That was enough to send DOGE up 8% to $0.058.

Of course, 5.8 cents is a far cry (a 91% drop, to be precise) from the 72 cents Dogecoin touched in May of last year, when Musk hosted “Saturday Night Live” and mentioned Dogecoin in his opening monologue and whatnot was weekend update. (“It’s a rush,” Musk responded to Michael Che’s question about DOGE.)

Musk has been Dogecoin’s most prominent cheerleader since April 2019, when he tweeted, “Dogecoin might be my favorite cryptocurrency.” Throughout 2020 and 2021, Google searches for Dogecoin skyrocketed every time Musk tweeted about the meme coin. in May 2021, decrypt reported that Dogecoin developers were even in close contact with Musk about changes he wanted to make to the code.

The Musky tweet on June 19 at 2:19 p.m. EST gave DOGE an instant boost. (CoinMarketCap)

More recently, Musk (along with Mark Cuban) has advocated using DOGE for payments, which would make the hoax coin a real utility and less of a joke.

And in his recent bid to buy Twitter, Musk has repeatedly said that one of the immediate features he would implement is tipping Dogecoin (Twitter currently only supports tipping in Bitcoin) and accepting DOGE as a payment for Premium -Services like Twitter Blue.

It’s hard to imagine what would have to happen for DOGE to get back to 72 cents when it’s down a nickel, but if Musk keeps pumping, anything is possible.

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Dow closes below 30k as post-Fed rally fades https://mhwwb.org/dow-closes-below-30k-as-post-fed-rally-fades/ Fri, 17 Jun 2022 13:39:00 +0000 https://mhwwb.org/dow-closes-below-30k-as-post-fed-rally-fades/ Cryptocurrencies are mixed on Thursday, although bitcoin and ether manage to remain above closely watched levels. According to Dow Jones Market Data, Bitcoin fell 1.5% to $21,348 in the early afternoon from its price at 5pm yesterday and Ether is down about 5% to $1,119. Other cryptos performed better. According to CoinDesk, Solana is up […]]]>

Cryptocurrencies are mixed on Thursday, although bitcoin and ether manage to remain above closely watched levels.

According to Dow Jones Market Data, Bitcoin fell 1.5% to $21,348 in the early afternoon from its price at 5pm yesterday and Ether is down about 5% to $1,119.

Other cryptos performed better. According to CoinDesk, Solana is up 13%, Cardano is up 6%, and Dogecoin is up 11%.

While bitcoin and ether, by far the two largest cryptocurrencies, are lower, the Federal Reserve’s move on Wednesday eased some pressure on cryptocurrencies and may spur some bargain hunters, said Naeem Aslam, AvaTrade’s chief market analyst.

Another factor is that both are close to key price levels. Bitcoin and Ether have traded slightly more than the round numbers that always attract attention this week – $20,000 for Bitcoin and $1,000 for Ether. They have been below these levels since December 2020 and January 2021, respectively. Staying above the levels has led to some hope that these prices are low enough to attract buyers and create a ‘floor’ and end to the sell-off.

But despite the bargain-hunting, Mr Aslam said the sentiment damage was so severe that $20,000 might not last long.

“It is likely that the price will continue to move lower and we will likely see larger bids now approaching the $15,000 price level,” he said.

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Is the Multibillion Dollar Hedge Fund Three Arrows Next to Dissolution? Here’s what’s up https://mhwwb.org/is-the-multibillion-dollar-hedge-fund-three-arrows-next-to-dissolution-heres-whats-up/ Wed, 15 Jun 2022 23:32:16 +0000 https://mhwwb.org/is-the-multibillion-dollar-hedge-fund-three-arrows-next-to-dissolution-heres-whats-up/ Something is wrong with Singapore-based crypto hedge fund Three Arrows Capital, but it’s not yet clear if that means the company is in default, as the rumors circulating in the cryptosphere suggest. The hedge fund, which launched last year and has an estimated $10 billion under management, has positions in many of crypto’s biggest projects […]]]>

Something is wrong with Singapore-based crypto hedge fund Three Arrows Capital, but it’s not yet clear if that means the company is in default, as the rumors circulating in the cryptosphere suggest.

The hedge fund, which launched last year and has an estimated $10 billion under management, has positions in many of crypto’s biggest projects and companies: Bitcoin, ether, Solana, Axe Infinityand BlockFi.

As of Wednesday afternoon, it appeared that Three Arrows Capital, also trading as 3AC, had sold assets including its Lido Staked Ethereum (stETH) worth $40 million. Researchers and analysts on Twitter have said a $264 million Aave loan and a $35 million Compound loan are to be saved from liquidation.

A crypto trader walking by moon overlord shared a screenshot from blockchain data platform Nansen on Twitter showing that wallets linked to Three Arrows Capital were linked to five of the largest transactions over the past week and exchanged at least 30,000 stETH.

Another crypto analyst, onchain assistantestimates that the loan would be liquidated if the price of Ethereum rises to $1,042.

There is no question that the credits exist or are attached to them an Ethereum wallet that people suspect belong to 3AC. But the hedge fund has not confirmed that it took the loans.

Early Tuesday, Three Arrows Capital co-founder Su Zhu appeared to offer some reassurance that the company is taking steps to stay afloat.

“We are in the process of communicating with the relevant parties and are fully committed to working this out,” he said in a tweetwithout identifying the parties or what needed to be worked out.

“It’s not like 3AC is like, ‘Hey, that’s definitely my address,'” said Caleb Sheridan, co-founder of Eden Network decrypt. “But everyone thinks it’s related to 3AC.”

The Eden Network is a protocol used by traders to guarantee the placement of their transaction in a specific block on the Ethereum network. This can be especially valuable for people trying to mint an NFT before supply runs out, arbitrage trade or in this case, being first in line to liquidate what is presumably the Aave and compound collateral from 3AC.

With the sharks circling the two loans waiting for them to be automatically liquidated, there’s never been a worse time to attempt to offload stETH.

Lido Staked Ethereum, which allows people to stake Ethereum and receive an equal amount of stETH in return, traded at a 6% discount. At the time of writing, 1 stETH could be traded for 0.94 ETH curve financing.

If the price of Ethereum falls low enough, the collateral used to secure the loans will be liquidated or sold. And whoever manages to bid on the security first gets a 5% bonus. Simply put, that means they pay, say, $100 million for $105 million worth of ETH.

If that happens, he said, it could be a catch 22 for the highest bidder. They would need to trade ETH for a coin that does not exhibit price volatility, like USDC, and soon if they want to earn a return from trading.

“You have this cascading effect,” Sheridan said, “where suddenly, wherever you liquidate ETH for USDC, you have to do it in a smart way or you risk holding that asset that could keep falling in price.”

If the collateral for these two loans is liquidated, it will also be bad for the lenders. And that includes Celsius, which is already struggling with enough liquidity problems.

At least as a Twitter user degent trading pointed out that 3AC is one of the largest borrowers and clients for crypto lenders. If 3AC goes under, it will send shock waves to the rest of the market and make the current downturn even more hellish.

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Deficit definition | Invest | US News https://mhwwb.org/deficit-definition-invest-us-news/ Mon, 13 Jun 2022 20:01:00 +0000 https://mhwwb.org/deficit-definition-invest-us-news/ What is a deficit? A deficit is a financial imbalance that occurs when debt, expenditure, or liabilities exceed revenue, income, or assets. The term can also refer to a trade imbalance where a country imports more than it exports. For example, if a company spends $800,000 on operating expenses but only generates $700,000 in revenue, […]]]>

A deficit is a financial imbalance that occurs when debt, expenditure, or liabilities exceed revenue, income, or assets. The term can also refer to a trade imbalance where a country imports more than it exports.

For example, if a company spends $800,000 on operating expenses but only generates $700,000 in revenue, it would have a $100,000 deficit. Or if a country exported $75 billion worth of goods while importing $100 billion worth of goods, it would have a trade deficit between imports and exports of $25 billion.

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Calculating a deficit starts with deciding which two economic factors you want to compare. It can be as simple as money going in or going out. You can also use deficits to compare other resources, e.g. B. the number of new hires compared to the number of employees leaving your company. Any time the desirable number is less than the less desirable number, you have a deficit.

There is an almost unlimited number of deficit types since any person or entity can compare a variety of incoming and outgoing assets. However, here are some of the most common types of deficits that you are likely to hear about:

  • state budget deficit. A government budget deficit occurs when a government has more spending than revenue. For example, imagine a small country with a simple economy. It has nationalized some of its oil, natural gas and agricultural systems. The country brings in money from tax revenues, energy exports, exports of products and interest payments on loans to other countries. It spends money on loan repayments to fund critical infrastructure and a recent war, to maintain a health care system, education and social security.

    The country’s total revenue is $800 billion. Its total spending is $950 billion. Hence, it has a national budget deficit of $150 billion.

  • revenue deficit. A revenue deficit occurs when an individual or business earns less than expected. For example, if a company expects to make $3 million in a fiscal year but only makes $2.5 million, it would have a $500,000 revenue deficit.
  • trade deficit. Trade deficits exist when a country’s exports are less than its imports. For example, in 2019 the US exported fewer goods and services than it imported, resulting in a trade deficit of US$576.9 billion.

You need to know about deficits because it helps in understanding the differences between important economic factors affecting countries and organizations. Deficits can be an important aspect of a company’s financial strategy or an indicator of financial weaknesses that need to be addressed.

frequently asked Questions

A deficit is funded by debt or by borrowing from people, banks, or other entities.

A deficit occurs when a company requires more of a good or service than it can afford. It can also arise when a country consumes more foreign goods than it produces for export, or when a company generates less revenue than planned.

Not always, because deficits may exist for strategic reasons. For example, a trade deficit can make life easier for people who have to pay less for cheap foreign goods like cellphones, computers, and other electronics.

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If you had invested $1000 in SVB Financial 10 years ago, you would have so much now https://mhwwb.org/if-you-had-invested-1000-in-svb-financial-10-years-ago-you-would-have-so-much-now/ Fri, 10 Jun 2022 12:30:05 +0000 https://mhwwb.org/if-you-had-invested-1000-in-svb-financial-10-years-ago-you-would-have-so-much-now/ HHow much a stock’s price changes over time is important to most investors, as price action can both affect your investment portfolio and help you compare investment results across sectors and industries. Another thing that can drive investing is fear of missing out, or FOMO. This is especially true for tech giants and popular consumer-facing […]]]>

HHow much a stock’s price changes over time is important to most investors, as price action can both affect your investment portfolio and help you compare investment results across sectors and industries.

Another thing that can drive investing is fear of missing out, or FOMO. This is especially true for tech giants and popular consumer-facing stocks.

What if you invested in SVB Financial (SIVB) ten years ago? It might not have been easy sticking with SIVB all along, but if so, how much would your investment be worth today?

SVB Financial’s business in detail

With that in mind, let’s take a look at SVB Financial’s key business drivers.

Headquartered in Santa Clara, California, SVB Financial Group is a diversified financial services company. Founded in 1999, the company operates, among others, through Silicon Valley Bank, its principal subsidiary, and offers a wide range of banking and financial products and services. SVB Financial has four business segments:

Silicon Valley Bank: This segment (which contributed 25.9% of total noninterest revenues in 2021) consists of Commercial Bank, which provides lending, deposit products, cash management services, global banking and trading products and services, in addition to certain investment services offers . Other business areas include Private Equity Division, SVB Wine, SVB Analytics and Debt Fund Investments.

SVB Private (2%): This is the private banking division of Silicon Valley Bank and offers a customized range of private banking services including mortgages, home equity lines of credit, restricted stock purchase loans, lines of credit for capital calls and other secured and unsecured lending. It also meets the cash management needs of private banking clients through deposit account products and services.

SVB Capital (17.8%): A venture capital investment arm, it focuses on fund management, which includes funding funds and direct venture funds (or co-investment funds). The segment manages venture capital funds primarily on behalf of third party limited shareholders and the Company.

SVB Securities LLC (formerly known as SVB Leerink) (22.2%): A wholly owned subsidiary of SVB Financial, it provides investment banking services across all sub-sectors of healthcare.

The Company reports its non-controlling interests under the heading “Other items” (32.1%) for these segments, reflecting adjustments required for the reconciliation of results in accordance with US GAAP.

In 2019, SVB Financial acquired Leerink Holdings LLC (“SVB Leerink”). In 2020, the company acquired WestRiver Group’s debt investment business. In 2021, the firm acquired Boston Private Financial Holdings, Inc. and New York-based independent sell-side research firm MoffettNathanson LLC.

As of March 31, 2022, SVB Financial had total assets of $220.4 billion, deposits of $198.1 billion, net loans of $68.2 billion and total shareholders’ equity of $16 billion.

bottom line

Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little risk. So if you invested in SVB Financial a decade ago, you probably feel pretty good about your investment today.

A $1,000 investment made in June 2012 would be worth $8,293.74, or a 729.37% gain, according to our calculations as of June 10, 2022. This return excludes dividends but includes price increases.

Compare that to the S&P 500’s 203.08% rally and gold’s 11.67% return over the same period.

Analysts also predict more upside potential for SIVB.

SVB Financial has an impressive earnings surprise history. The company’s earnings have beaten Zacks’ consensus estimate in each of the last four quarters. Loan and deposit growth, efforts to improve noninterest earnings, and global expansion strategy are likely to continue to support the company’s financials. However, macroeconomic and geopolitical issues are likely to continue to weigh on financials in the coming quarters. Increased spending is expected to affect the bottom line to some extent in the near future. SVB Financial shares have underperformed the industry over the past year. Nonetheless, the acquisitions of Boston Private, MoffettNathanson and WestRiver Group’s debt investment business are expected to be earnings accretive and likely to help SVB Financial further solidify its position in the innovation economy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Hillside Villa tenants gain significant domain https://mhwwb.org/hillside-villa-tenants-gain-significant-domain/ Wed, 08 Jun 2022 21:27:45 +0000 https://mhwwb.org/hillside-villa-tenants-gain-significant-domain/ Hillside Villa Tenants Leader Alejandro Gutierrez speaks in solidarity with Cathay Manor tenants at their September 11 press conference. (Photo: Karen Cheung) Tenants of the apartments at Hillside Villa filled City Hall with celebratory cheers on May 27 after the City Council unanimously agreed to protect tenants’ apartments by using outstanding property to purchase their […]]]>
Hillside Villa Tenants Leader Alejandro Gutierrez speaks in solidarity with Cathay Manor tenants at their September 11 press conference. (Photo: Karen Cheung)

Tenants of the apartments at Hillside Villa filled City Hall with celebratory cheers on May 27 after the City Council unanimously agreed to protect tenants’ apartments by using outstanding property to purchase their building.

Dozens of renters attended the booth to share stories of how they lived in the Chinatown apartment building for decades and then faced sudden rent increases of up to 300% – noting that property owner Tom Botz lost over $1 million dollars a year in government subsidies.

One tenant said that the construction of a downtown parking garage 30 years ago evicted her family and that she and her disabled husband and daughter refused to be evicted again. Tom Botz recently increased her rent from $1,000 to $3,000 a month.

When Botz constructed the building on interest-free government loans in 1988, he agreed to maintain an affordable rent for 30 years. Now the 124 units at Hillside Villa, along with over 11,000 households in Los Angeles is faced with sudden massive rent increases as their affordability agreements expire.

Tenants at the council meeting said the city has had decades to find a solution to the looming affordability crisis but has done nothing, leaving tenants at serious risk of homelessness unless they organize to fight back.

Tenant three years ago announced the establishment the Hillside Villa Tenant Association and began meeting weekly in the courtyard of their apartment building. They requested meetings with City Council Member Gil Cedillo and organized dozens of protests and City Council convocation days to urge Cedillo to join the fight to save their homes. Tenants say Cedillo promised to support them but failed to deliver and avoided meetings with his constituents.

Meanwhile, Botz flouted anti-price gouging laws by demanding massive rent increases during the 2020 state of emergency, and his daughter threatened to evict tenants for allowing their children to play in the common areas of their own apartment building.

After the tenants spoke at the May 27 meeting, they booed Botz’s attorney, Patrick Hennessey, who had come to represent the landlord’s position.

Hennessey claimed that rent increases didn’t affect the majority of Hillside Villa’s households because they have Section 8 vouchers – which support low-income families, the elderly and people with disabilities. The tenants at City Hall – some of them Section 8 recipients – shouted “Liars!”

Hennessey presented his calculations: After subtracting the 71 households with Section 8 vouchers and the 10 new tenants, he said there were 27 households to “treat”.

Eminent Domain, he said, would be too expensive for the city. Instead, renters should simply apply for Section 8 federal housing subsidies, or the city should offer another subsidy to cover Botz’s proposed rent increases.

Hillside Villa tenants previously said the Section 8 waiting list was 8 years long and that Botz was trying to split organized tenants by evicting some in favor of those with Section 8 vouchers.

Cedillo, who sponsored the bill after years of tenant protests, said Tom Botz was responsible for the slow pace of action; The landlord had failed to honor a negotiated agreement under which the city would give Botz’s $5.5 million interest-free loan in exchange for 10 years of tenant protection: no evictions or rent increases.

The application will allow the city to purchase the building for an estimated price of approximately $45.7 million, which is expected to be repaid within two to five years. Proponents said the loan will be paid for from state or federal funds or paid for by an affordable housing nonprofit, so it will cost the city nothing in the long run.

While tenants and advocates said they were ready to celebrate the historic vote, they also expressed anger at lawmakers, who they said had failed them time and time again.

Leslie Hernandez said Cedillo has repeatedly dodged meetings with his constituents by claiming he doesn’t know how to use Zoom. She reminded city council members, “You guys work for us, not the other way around.” Cedillo likes to claim he works hard for the community, Hernandez said, but the tenants did the work to move this motion forward. “I’m so mad we have to scream and scream for you to hear us.”

Melissa Reyes added, “Nobody should have to fight so damn hard to get housed.”

The Hillside Villa Tenants Association walked out of the courtroom shouting, “iSí se puede!”

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$5.8 billion in debt held by 560,000 Corinthian College alumni to be forgiven https://mhwwb.org/5-8-billion-in-debt-held-by-560000-corinthian-college-alumni-to-be-forgiven/ Mon, 06 Jun 2022 22:05:12 +0000 https://mhwwb.org/5-8-billion-in-debt-held-by-560000-corinthian-college-alumni-to-be-forgiven/ The Department of Education will pay off the debts of 560,000 borrowers who took out loans to attend the now-defunct Corinthian colleges, a total of $5.8 billion in full credit relief. Vice President Kamala Harris launched the investigation into Corinthian Colleges and its affiliates as California Attorney General nearly a decade ago, finding that they […]]]>

The Department of Education will pay off the debts of 560,000 borrowers who took out loans to attend the now-defunct Corinthian colleges, a total of $5.8 billion in full credit relief.

Vice President Kamala Harris launched the investigation into Corinthian Colleges and its affiliates as California Attorney General nearly a decade ago, finding that they had engaged in false and deceptive advertising, promoted programs that were not actually offered, and penalized telemarketers when prospects sold the Truth was revealed to students.

“Their ads falsely promised students that if they entered certain programs, they would be guaranteed a job after graduation, which raised the hopes of people who had worked so hard for what little money they had to get in those programs,” Harris said. “Our investigation found that some of Corinthian’s degrees were so worthless that they didn’t help a single student get a job.”

Nearly 35,000 students at Corinthian College in California had their student loan debt canceled in 2018 in a deal with Balboa Student Loan Trust. The relief announced by the Department of Education grants loans to borrowers even if they have not applied for loan forgiveness and provides nearly 93,000 other Californians with an estimated $960 million in federal student loan debt relief.

The loan relief is expected to be “life-changing” for tens of thousands of borrowers, California Attorney General Rob Bonta said.

“For these borrowers, whose only mistake was in trusting Corinthian Colleges with their higher education dreams, debt relief was hard-won and long overdue,” Bonta said in a statement.

The Biden-Harris administration had just forgiven $238 million in loans held by students who attended Marinello beauty schools In April. The debt service for all Corinthian borrowers is the largest loan relief the Department of Education has made in history, bringing a total of $25 billion in borrower credit relief as of January 2021.

Corinthian Colleges was founded in 1995 and at its peak in 2010 had more than 110,000 students enrolled across California at 105 Everest, Heald and WyoTech campuses. The Santa Ana-based for-profit college that closed in 2015 amidst cash constraints and allegations of fraud, Everest and WyoTech operated colleges across California.

Alumni will be notified of the dismissal by the Department of Education and need not take any action to obtain loan forgiveness.

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Several housing advocacy groups gather for revolutionary change amid Spokane’s housing crisis https://mhwwb.org/several-housing-advocacy-groups-gather-for-revolutionary-change-amid-spokanes-housing-crisis/ Sun, 05 Jun 2022 07:13:47 +0000 https://mhwwb.org/several-housing-advocacy-groups-gather-for-revolutionary-change-amid-spokanes-housing-crisis/ Nazeerah Muhammad works tirelessly to pay the $1,025 rent on her one-bedroom apartment at Browne’s Addition. She’s one of those Spokane renters who have little access to financial safety nets like bank loans or generational wealth. The American Community Survey found that 58% of Spokane renters are black. Muhammad, a black woman, has been living […]]]>

Nazeerah Muhammad works tirelessly to pay the $1,025 rent on her one-bedroom apartment at Browne’s Addition.

She’s one of those Spokane renters who have little access to financial safety nets like bank loans or generational wealth. The American Community Survey found that 58% of Spokane renters are black. Muhammad, a black woman, has been living here since 2016.

Muhammad tried to make it work by working at Shari’s on Division as a waiter, working in call centers a couple of times and working at Kaiser Permanente Health Insurance. She used up her savings and it still wasn’t enough.

In March, however, Muhammad found help: the Carl Maxey Center’s Emergency Rental Assistance Program. The program is the first of its kind in Spokane and focuses on black residents, a racial group that often experiences discrimination when looking for housing.

“This has literally freed me to find a job but still be able to pay my bills through this support,” Muhammad said. “And I can also focus on the things that I’ve kind of neglected so I can have a future. I cry sometimes because it’s such a relief.”

According to the Washington State Tenants Union, housing availability in Spokane is a dangerously low 0.5%, and the cost of home ownership has risen nearly 90% over the past four years.

The Maxey Center’s Rental Assistance Program is just one of many solutions offered to alleviate the housing crisis. Spokane reflects national trends of insufficient housing stock, strained landlord-tenant relationships, and uncertainty about Gen Z’s chances of becoming homeowners. The chances of owning a home are dwindling as the Gen Zers try to balance heavy financial commitments like student loan payments and inflation, which has been at its highest since the 1980s.

Housing associations, along with the Spokane City Council, have been discussing the dangers of Spokane’s housing shortage. Marley Hochendoner, executive director of the Northwest Housing Alliance, cites racial discrimination as a major concern of the housing crisis.

“They bear the brunt of much of the injustice and reduced access to housing,” Hochendoner said. “These are BIPOC people, people with disabilities, people on low fixed incomes, so there’s a lot of overlap. If we have something that affects everyone, not enough housing, the people who often bear the greatest brunt are people who have experienced racism and discrimination throughout history and in their lives, and who have so many other obstacles in their way .”

Housing discrimination against people of color has deep roots in the United States. The Fair Housing Act of 1968 outlawed housing discrimination but did not remove the barriers to fair housing for those affected by redlining, racial bargaining, steerage, or other discriminatory practices, reducing future opportunities for Black and Hispanic homeowners.

“Even (our) zoning codes are something that perpetuates discrimination or segregation by not allowing certain buildings to be built now,” Hochendoner said. “The city intends to make some changes to the housing laws to allow for additional housing units and more maisonettes, but that’s an example of policies that we can really look at and look at for racial injustice and how (policies) perpetuate past discrimination as a result more restrictive.” Agreements, segregation and estate agent control.”

The Northwest Housing Alliance participated in the City of Spokane’s 2019 Impediments to Fair Housing study to understand the racial and economic aspects of the housing crisis.

“In Spokane, for example, the homeownership rate is about 63 percent for whites and 40 percent for BIPOC communities,” Hochendoner said, adding that the rising rents would tend to weigh on people of color, who are primarily renters.

A 210-page housing action plan approved by the City Council last year assessed the issues that have contributed to Spokane’s housing shortage. City Council President Breean Beggs and City Councilwoman Lori Kinnear led the project. The final plan was approved in November with the aim of creating new forms of housing, an urgent need.

“I’m sure a lot of people say, ‘You passed that in July, why wasn’t it done by the end of the year?’ ‘ Begs said. “If you make any significant changes to the land use and development rules in the comprehensive plan, we will have to go through a very involved public process.”

During virtual seminars, the city council met with organizations like the Northwest Fair Housing Alliance, the Tenants Union of Washington, and local leaders from organizations like the NAACP.

At the meetings, short- and long-term goals for solving housing problems were clarified, such as: B. Universal background checks to reduce the cost of renting applications and the removal of barriers to building duplexes and other diverse housing types in single-family areas.

In addition to efforts to build fair housing, organizations are trying to help tenants with problems. Duaa-Rahemaah Williams is a statewide organizer for the Resident Action Project (RAP), a network that teaches leadership, storytelling, advocacy and other tactics to change state policy to those directly affected by housing and homelessness challenges.

Williams aims to create change that centers the experiences of those affected by home insecurity. The overarching goal, she said, is enforcement of policies and laws. However, because RAP is a statewide organization, community housing advocacy can vary across the state.

Williams also works with local organizations like the Northwest Fair Housing Alliance.

“We’re giving them the skills and the education to become community leaders,” Williams said. “So it’s all about making change through storytelling, serving on committees, telling our stories, organizing and running civic engagement. Our whole thing is … making changes at a national level.”

The Resident Action Project plans to host a two-day housing summit in June that will focus on housing injustices faced by BIPOC tenants, people with disabilities, refugees and the LGBTQ+ community.

“Those who are part of the community know their stories better than you do,” Williams said. “They have the experience because they lived it.”

Through her work, Williams uncovered overwhelming racial differences in Spokane’s housing crisis.

“The people who have housing injustices are Black people, Indigenous people, people of color, people who identify as LGBTQ+, people with disabilities, people who are refugees, people whose second language is English,” Williams said. “I make sure that those who are part of RAP, who receive information and training in different things, are part of these communities.”

Michelle Pappas is one of the RAP reps Williams coached with personal testimony. Pappas, who identifies as multiracial and Mexican, has struggled with housing problems since childhood.

With the help of RAP and donations, Pappas secured her first home. Pappas advocates for housing justice, including the decriminalization of people affected by homelessness. Now, in her role as program manager for Future Wise, a Spokane nonprofit dedicated to “healthy, just, and empowered communities,” Pappas encourages BIPOC youth to organize testimonies about their housing experiences.

“Storytelling in community organization is not just about teaching people how to tell their stories, but also about reminding them that their lived experience is so important and valid,” Pappas said. “I often hear, ‘I’m only 17 and I have no experience.’ They have 17 years of lived experience, which is longer than I am in my job.”

To recognize April as Fair Housing Month, the Spokane YWCA hosted a panel discussion on racial justice and housing with Terri Anderson, Executive Secretary of Spokane’s Tenants Union Chapter, and Stephanie Courtney, Founder of the Learning Project.

Anderson discussed the importance of securing housing in order to participate in democratic practices like absentee voting and access other important resources. She echoed Hochendoner’s views on the racial disparities that are fueling the crisis.

“The Spokane Regional Health District did a health survey where they looked at quarter-by-quarter life expectancy,” Anderson said. “You can literally see a 20-year difference in lifespan between the neighborhoods that only had white covenants and the neighborhoods that had red lines, so we’re feeling it in our lives.”

One of the first physical housing solutions is the Haystack Heights co-housing project. Located in the South Perry area,

“Our co-housing is an intergenerational project,” said project co-founder Mariah McKay. “We believe we have the best of both worlds here at Haystack where there is a 7 minute bike ride to downtown Spokane and an urban green space that we can preserve.”

On nearly three acres of land, Haystack Heights’ cluster model includes five floors with apartments on three flights of stairs. The design is based on the dense living style, in contrast to the spacious floor plans of single-family houses. Among the 39 families residing in the housing units, nine included school-age children. The majority of members are over 60 years old.

During the May 27 opening ceremony, Council President Breean Beggs discussed how Haystack Heights is addressing the Housing Action Plan’s priority of “increasing housing supply, options and affordability for all incomes.”

“In this new world of resource scarcity, climate change, and income inequality … co-housing is a real solution because more people are living together with fewer resources spent but have a high quality of life,” Beggs said. “At this moment, even though there is a terrible housing crisis in the community, there is an urgent need to find solutions out of the crisis.”

According to Shaping Spokane, the city’s 2017 update to the city’s comprehensive plan, Spokane’s population is projected to increase to 234,306 people by 2037. More than 7,000 affordable housing units need to be added to the area’s residential landscape.

While housing advocacy groups are promoting solutions through rent relief funds, tenant associations, and citywide discussions, many solutions are temporary.

Hochendoner hopes the city will try to implement more of the solutions found during the Housing Action Plan process.

“We need to … prioritize access to housing programs for people who have experienced discrimination,” Hochendoner said. “That’s one of the things I saw in the city’s implementation plan. Housing programs should be a priority for current or former residents of formerly demarcated areas.”

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Deal of the week: Prevail Bank https://mhwwb.org/deal-of-the-week-prevail-bank/ Fri, 03 Jun 2022 05:01:00 +0000 https://mhwwb.org/deal-of-the-week-prevail-bank/ Wausau Pilot & Review Editor’s note: business of the week is a sponsored feature that tells the stories of locally owned and operated businesses in the Wausau area, highlighting the products and services they offer and how they contribute to the metro area’s unique flavor. Learn how to make your business stand out by emailing […]]]>

Wausau Pilot & Review

Editor’s note: business of the week is a sponsored feature that tells the stories of locally owned and operated businesses in the Wausau area, highlighting the products and services they offer and how they contribute to the metro area’s unique flavor. Learn how to make your business stand out by emailing christina@wausaupilotandreview.com.

This week’s featured company is Prevail Bank, a unique financial institution with nine locations including Wausau. With the motto “Pursue what’s possible,” this is the team that makes your financial dreams come true and makes local decisions that create a healthier community. The bank’s mission is clear: to help its customers, employees and communities achieve their goals on their financial journey. Bank President Nathan Quinnell said Prevail believes in doing what is right for the customer. The Banking team will work with you to find the right products and services for you, your home and your business, no matter how big or small. They are proud of their core values: putting people first, finding solutions, doing what is right and taking responsibility when it comes to each and every customer.

Wausau employees include Branch Manager Jarrod Spinnato, Mortgage Loan Originator Kerri Burns (NMLS# 1683827), Commercial Lending Officer Terry Barnett, and Stacy Schoepke, Shiloh Ivaska, and Angelo Elsmo, customer service representatives who are here to help you every step of the way help financial journey. Prevail’s impact can be felt through its commitment to the community, which is evident in its many events and contributions. Read here how Prevail Bank was founded, what makes them different from other financial institutions, what services they offer and why they think Wausau is a great place to do business.


Give me a brief history of Prevail Bank. As far as I know, the bank was formed through a merger.

Prevail Bank (2019) is the synergy of two very successful financial institutions from Wisconsin. The commercial lending and commercial banking professionals at River Cities Bank (1997) and the creative mortgage solutions experts at Time Federal Savings Bank (1934) brought together their digital technologies, experienced people and talent to form a comprehensive service banking and lending team.

What sets Prevail Bank apart from other financial institutions in the region?

The ability to make credit decisions locally is Prevail Bank’s advantage. It enables a better understanding of our customers, a dedicated and confidential understanding of the companies, the situation and the needs, and a close cooperation side by side that will last for many years. As a trusted advisor, Prevail Bank is able to help clients achieve success faster – personally and in business. Prevail Bank’s Commercial and Mortgage Lending Officers become a client’s biggest and most vocal advocate.

What would you like more people to know about your organization or your work?

Prevail Bank has the technology to enable you to do all your personal and business banking from your home computer and/or mobile device. However, if technology scares you, come to any branch – or click CHAT on Prevail Bank’s website – and Prevail Bank staff will walk you through the process step-by-step to help you with online/mobile banking to establish. Almost anything can be done with a click of a customer’s computer button or cell phone (make deposits, transfer money, check balances, block your debit card,…).

What makes Wausau an attractive business location? (In other words, what made Wausau a good cast for Prevail?)

The Prevail Bank has had a branch in Wausau since September 28, 1988, at that time still under the name Time Federal Savings Bank. Wausau is a great place to do business because we share similar visions – to offer our constituents a big city, full-service amenities with small-town charm, commitment and integrity. Wausau has a thriving arts scene, a lively downtown area, and numerous shopping and dining options. We like to think that we have contributed to this healthy environment. We have the resources and experience to be a trusted advisor to anyone with a goal or dream.

How many locations do you have?

We have nine branches (in alpha order) Baraboo, Eau Claire, Marshfield, Medford, Owen, Phillips, Stevens Point, Wausau and Wisconsin Rapids. Each office has the resources to solve problems and fulfill the dreams that you or I have, personally or in business.

What types of banking products do you offer and what do you specialize in?

Consumer Goods & Services:

  • Personal advice, video conferences, chat, e-mail, telephone and digital communication options
  • Multiple checking and savings accounts
  • Saving makes cents program
  • Retirement Plans & IRAs
  • Certificates of Deposit (CDs)
  • health savings accounts
  • debit and credit cards
  • ID TheftSmart Services [Protection, Detection, Restoration]
  • Lockers

Digital and mobile banking solutions that include:

  • pay the bill
  • Banking Alerts
  • eStatements
  • Mobile deposit
  • Prevail Bank Mobile Banking App
  • Online and Mobile Banking Videos
  • Apple Pay / Google Play / Samsung

Loans for:

  • house mortgages
  • refinance house
  • home equity line of credit
  • construction
  • Car, truck and SUV
  • ATV, motorcycle, snowmobile and boat
  • country

Products and services for companies:

  • Personal advice, video conferences, chat, e-mail, telephone and digital communication options
  • Multiple checking and savings accounts
  • CDs for big savings options
  • CDARs for $250,000+ deposits
  • Dual Control Accounts
  • overnight deposit
  • Insured Cash Sweeps
  • debit and credit cards

The premium version of Business Resource Manager also includes:

  • Electronic Payments
  • Access/rights for multiple users
  • Access to Business Bill Pay
  • eStatements
  • Remote Deposit
  • positive pay
  • ACH Services*
  • Payroll accounting/payment processing *
  • transfer service *
  • Transfer of third-party funds *

Loans and trades for:

  • SBA & Entrepreneurship
  • Business credit for equipment/inventory
  • Municipal Transactions
  • Agriculture
  • real estate development
  • Government Guaranteed Transactions
  • Commercial Credit Lines
  • refinancing existing debt
  • And more!
Prevail Bank on Shred Day 2022

How does Prevail Bank support the communities it serves? Tell us why this is important to you.

Prevail is proud of our shared savings bank tradition, where every customer is an owner. Prevail Bank’s ownership culture lives on today and is demonstrated by the hundreds of thousands of dollars and volunteer time it has invested in the communities it serves. As a community bank, Prevail is always looking for ways to give back and improve the quality of life and success of its customers, communities and employees, invests in economic development and facilitates financial literacy workshops.

Can you give us some examples?

Prevail Bank coordinates nine free Community Shred Day events annually. It’s a triple win; a win for participating consumers, the environment and nine local non-profit organizations. The consumer wins because it offers the ability to securely destroy personal and confidential information. According to Experian, identity theft affects approximately 1 in 20 Americans each year, and the number is increasing rapidly. During the 2020 holiday season, 24% out of every 1,000 respondents said they had been a victim of identity theft or fraud – twice the rate in 2019! From an environmental perspective, over 24,000 pounds (or 12 tons) of paper was collected, shredded and recycled during Prevail Bank’s Shred Days this year. This equates to over 200 saved trees; 4,560 gallons of oil; 36 cubic meters of landfill space; 48,000 kilowatts of power; 84,000 gallons of water; and 720 pounds less air pollution. The 200 rescued trees (above) can absorb a total of 3,000 pounds of carbon dioxide from the air each year, conversely, burning the same tonnage would produce 18,000 pounds of carbon dioxide. And when the benefits of privacy, security and environmental protection aren’t enough, Prevail Bank has $1 for every pound of paper collected at each branch, up to $1,000 each, to a nonprofit organization of the branch’s choice promised. The nonprofits receiving a $1,000 donation from Prevail Bank this year as a result of Shred Days are: The Neighbors’ Place, CAP Services – Family Crisis Center, Personal Development Center (PDC) – Victim Services Center, United Way of South Wood & Adams Counties, Taylor County Human Services – Suicide Awareness & Prevention programme, American Red Cross – Northwest Chapter, People Helping People (PHP) and Catkins Animal Rescue.

Prevail Bank recently publicly pledged $180,000 to the Farming for the Future Foundation (FFTFF) to support the construction of a Food + Farm Exploration Center at Stevens Point. Founded in 2018, Farming for the Future Foundation is a non-profit organization dedicated to educating current and future generations about agricultural innovation and sustainability.

Prevail Bank plans to donate $130,000 this year through its charitable giving program. Local beneficiaries in the past include the Imaginarium for children in Marathon County; local Habitat for Humanity efforts, workforce development programs through People Helping People, Northcentral Technical College and several workforce resource centers; and several United Way homeless shelters, domestic violence shelters, food supplies and programs.

Prevail Bank’s Charitable Contributions program is for local non-profit organizations that help local people in need, especially those on low- to middle-income people. Stimulate communities financially; and/or improve the standard of living of the less fortunate. (If an organization is interested in applying, go to: Prevail.bank/resources/community.)

In addition, an additional $100,000 is earmarked for sponsorship of community events that boost the economy, raise funds for other non-profit organizations and/or financial education programs in Prevail Bank’s service division.

A children’s Imaginarium check presentation from Prevail Bank. (Contributed photo)

Connect to Prevail Bank:

Opening hours Wausau:

Lobby opening hours

  • Monday – Friday: 8:30 a.m. to 5:00 p.m

arrival times

  • Monday – Thursday: 8:30 a.m. to 5:00 p.m
  • Friday: 8:30 a.m. to 5:30 p.m
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Poll: 71% say rising costs have impacted summer vacation plans | credit cards https://mhwwb.org/poll-71-say-rising-costs-have-impacted-summer-vacation-plans-credit-cards/ Wed, 01 Jun 2022 14:22:00 +0000 https://mhwwb.org/poll-71-say-rising-costs-have-impacted-summer-vacation-plans-credit-cards/ A recent survey by US News & World Report shows that nearly three-quarters of Americans who are ready to travel again but face a shaky economy and high prices have either changed their behavior or their travel budget to accommodate the summer vacation to make it a reality. About 22% have cut their vacation budgets, […]]]>

A recent survey by US News & World Report shows that nearly three-quarters of Americans who are ready to travel again but face a shaky economy and high prices have either changed their behavior or their travel budget to accommodate the summer vacation to make it a reality.

About 22% have cut their vacation budgets, and nearly 21% of survey respondents say they are reducing the number of vacations they take this year.

And another 16.9% say they are cutting back in other areas to fund their summer vacation plans. Only 28.8% say they haven’t changed their behavior or budgets to accommodate travel plans.

How much do Americans spend on summer vacations?

The survey shows that almost three quarters are planning one or even two vacations this year. When asked how much they expect to spend per person on their summer trip, respondents say:

  • $500 or less: 26.9%.
  • $501 to $1,000: 27.3%.
  • $1,001 to $2,000: 22%.
  • $2,001 to $3,000: 11.5%.
  • $3,001 to $4,000: 6%.
  • $4,001 or more: 6.3%.

While some Americans plan an expensive getaway, more than 54% have a $1,000 per person limit.

How Americans pay for summer vacations

The majority of respondents say they have the money for their vacation. But others have made some risky payment decisions.

And nearly 7% say they don’t know how to pay for their vacation. If you don’t know how to pay for a trip to the beach, you probably shouldn’t go there. Wait until you are sure you have the funds to cover the costs.

Among survey participants who know how to pay for their vacation, these are the payment methods that identify them:

  • Immersion in savings/cash: 65.7%.
  • With a credit card and then with a balance: 13.9%.
  • Credit card reward redemption: 11.3%.
  • If using a Buy Now, Pay Later plan: 6%.
  • Taking out a personal loan: 3.1%.

It’s a bit alarming that almost one in four intends to borrow money for a holiday, for example using a credit card and carrying a balance with you. Carrying a credit card balance is never a good idea. You’ll be paying compound interest on your balance and your debt will grow rapidly.

Buy now, pay later plans are popular. The name alone makes it attractive. Most of these plans include a “Pay in 4” option, meaning you make four equal payments on the balance to pay it off, typically over a six-week period.

BNPL plans are considered installment loans and many do not charge interest. But others apply both interest and late fees. If your account defaults, it could end up on your credit report and that will lower your credit score. It may not feel like it, but when you agree to a BNPL plan, you take on debt.

How to plan a debt-free vacation

I know it’s been stressful dealing with inflation and the volatile stock market, but you really don’t want to travel if it’s making your financial situation worse. Here are some strategies you can use to give yourself some relaxation without going into debt.

Plan off-peak travel

This could mean taking your trip in the off-season or flying on days when tickets are cheaper. The best times to travel depend on your destination, so do your research and see the price differences for different times of the year.

If you are flexible and fly during the week, you can get cheaper fares. Increased fuel prices have affected the price of an airline ticket, and prices are high. Do everything you can to reduce airfare costs. An excellent way to do this is by using rewards credit cards.

Use Rewards credit cards strategically

The survey shows that almost 14% plan to use a credit card and carry some credit. That’s a bad idea!

It’s okay to use rewards credit cards to pay for vacations as long as you follow my rule: don’t carry credit. Pay the bill in full and on time.

By doing so, you can use cards strategically to maximize the rewards earned. By strategic, I mean using the credit card that offers the best rewards in a given situation.

The survey shows that almost 64% plan to hit the highway this summer. Using a credit card that gives you points or cashback on gas purchases can pay off. Seriously, gas is so expensive now every little help counts.

Over 30% of respondents plan to fly to their destination. This is an opportunity to use travel rewards you’ve earned to pay for the ticket. Some issuers offer ways to increase the value of your points, e.g. B. the use of a travel portal. If this is the case, take advantage of it and book your itinerary through the portal.

Among respondents who use travel rewards credit cards, 56% made $700 or less. More than 10% don’t even know how much they’ve earned in rewards. It is possible to make thousands of dollars a year. I use a combination of travel award cards and cashback credit cards. Last year I made over $4,300 in rewards by using my cards strategically with little effort. You can too.

And don’t forget that rewards credit cards often have benefits that help you save more when you travel. When asked which benefit is most important to them, nearly 41% of respondents choose free checked baggage. That alone can save you hundreds of dollars, depending on the specific card and the weight or number of bags you need to check.

Create (and stick to) a vacation budget

You probably have an idea of ​​how much your trip will cost. But have you thought about stopping on the way to the mountains and buying some snacks for the whole family? Prevent this expensive scenario by packing vacation bags.

You can also save money by renting a condo that has a kitchen. Treat yourself a few times, but also spend family evenings at home with dinner and a movie (brought from home too).

Think about all the expenses you’ll have, then decide where to go and how long you can stay before you end up spending more than you can repay.

Try a group vacation

If you are friends with another family and your children get along well, this is an opportunity to share the cost. I just explained why you need a budget. When going on a group holiday, it is important that you have a budget.

Meet with the other parents to set your shared budget. If there is an activity that the other family would like to do that you cannot afford, schedule separate activities for that day. Do not try to negotiate this in front of the children. It won’t end well. Find out what you’re paying and what you’re paying for before heading to your shared destination.

Save now for next summer

I know that’s not what you want to hear. But if you’re among the nearly 7% who don’t know how they’re going to pay for their vacation this summer, step back and think about it.

Are you sure you still want to pay for your vacation when the holidays come? No you do not. Postpone the big trip, but plan a few short weekend getaways this summer to escape the crowds.

By next summer, open a savings account solely for family vacations, such as family vacations high interest savings account with low minimum deposits. Contribute as much as you can to this account each week.

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