Borrowing – Tech Com Forces http://techcomforces.com/ Fri, 01 Oct 2021 09:00:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://techcomforces.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Borrowing – Tech Com Forces http://techcomforces.com/ 32 32 United Airlines orders more Boeing 737 Max planes https://techcomforces.com/united-airlines-orders-more-boeing-737-max-planes/ https://techcomforces.com/united-airlines-orders-more-boeing-737-max-planes/#respond Thu, 08 Apr 2021 02:38:33 +0000 https://techcomforces.com/united-airlines-orders-more-boeing-737-max-planes/

United Airlines buy 25 new Boeing 737 Max and increased the delivery of previously ordered aircraft as demand for once-lucrative aircraft airline industry is starting to come back, the airline said on Monday.

The new planes are expected to be delivered in 2023, commercial director Andrew Nocella said in a note to employees. He added that the delivery date of 40 previously ordered Max jets has been postponed to 2022 and the delivery of five Max jets has been postponed to 2023. This is in addition to the 24 Max jets that the airline was already due to receive this year. -the.

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UAL UNITED AIRLINES HOLDINGS, INC. 47.57 -1.14 -2.34%
BA THE BOEING CO. 219.94 -5.42 -2.40%

In total, this represents 94 new aircraft, which Nocella says is “good news” for employees, customers and the “communities we serve around the world”.

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“There is no denying that the past year has been extremely difficult for us as an airline and as an industry,” said Nocella. “But we are now in a position not only to survive the crisis, but also to thrive as an airline, to elevate our product for customers and to emerge as a stronger and better United Airlines.”

The deal, according to Nocella, will best position United’s “fleet for recovery” after a year of unprecedented difficulties.

A United Airlines 737 Max 9 takes off. (United Airlines) (United Airlines)

The news comes just after the airliner returned to the skies at the end of December for the first time in nearly two years in a pair of fatal accidents involving the plane less than five months apart forced U.S. regulators to bring the plane to a standstill.

All Max planes around the world have been grounded after the crash of Ethiopian Airlines Flight 302 in March 2019, which killed all 157 people on board, and the Lion Air crash in Indonesia in October 2018, which killed the 189 people on board.

AMERICAN AIRLINES JOURNALISTS BOARD THE BOEING 737 MAX ON FIRST PUBLIC FLIGHT SINCE BEACHED

In both crashes, an automated flight control system repeatedly pitched nose down based on faulty sensor readings, and the pilots were unable to regain control.

However, last November, the Federal Aviation Administration approved changes Boeing made to the system, effectively allowing airlines to resume piloting the aircraft. American Airlines was the first to do so on December 29, carrying passengers from Miami to New York.

The grounding coincided with a growing pandemic that shattered travel demand, causing major financial losses for major airlines.

In the fourth quarter alone, United suffered a net loss of $ 1.9 billion.

Despite the complications surrounding the pandemic, United Airlines CEO Scott Kirby said the airline “aggressively handling the challenges of 2020 depends on our innovation and rapid decision making.”

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The Associated Press contributed to this report.

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Minister of the Economy: entrepreneurs receive $ 1.5 billion in soft lo … https://techcomforces.com/minister-of-the-economy-entrepreneurs-receive-1-5-billion-in-soft-lo/ https://techcomforces.com/minister-of-the-economy-entrepreneurs-receive-1-5-billion-in-soft-lo/#respond Thu, 08 Apr 2021 02:38:23 +0000 https://techcomforces.com/minister-of-the-economy-entrepreneurs-receive-1-5-billion-in-soft-lo/

(MENAFN– AzerNews) By Ayya Lmahamad

The Entrepreneurship Development Fund provided soft loans in the amount of AZN 2.6 billion (US $ 1.5 billion) to more than 38,000 entrepreneurs in 2002-20, wrote the Azerbaijani minister of Economy Mikayil Jabbarov on his official Twitter page on March 29.

The Minister noted that the soft loans have been provided for the implementation of investment projects worth AZN 5.9 billion (US $ 3.4 billion).

In addition, he added that it has created more than 173,000 new jobs.

Earlier, Jabbarov pointed out that the fund’s strategic objectives for 2021-2023 include expanding entrepreneurs’ access to financial resources, supporting the creation and development of businesses based on innovative technologies and sustainable development. fund.

Ayya ​​Lmahamad is the reporter for AzerNews, follow her on Twitter: @AyyaLmahamad

Follow us on Twitter @AzerNewsAz

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India and Japan sign 232.86 billion yen loan agreement; grant to finance infrastructure projects https://techcomforces.com/india-and-japan-sign-232-86-billion-yen-loan-agreement-grant-to-finance-infrastructure-projects/ https://techcomforces.com/india-and-japan-sign-232-86-billion-yen-loan-agreement-grant-to-finance-infrastructure-projects/#respond Thu, 08 Apr 2021 02:38:13 +0000 https://techcomforces.com/india-and-japan-sign-232-86-billion-yen-loan-agreement-grant-to-finance-infrastructure-projects/

Reaffirming India’s commitment to sustainable development, the Center on Friday signed agreements with Japan to help the first ODA project in the Andaman and Nicobar Islands, a crop diversification project in Himachal Pradesh and a rural water supply and fluorosis mitigation project in Rajasthan. Japanese envoy to India Suzuki Satoshi and additional finance ministry secretary CS Mohapatra exchanged notes in New Delhi for loans and a grant worth a total of 232.86 billion yen (2.11 billion yen dollars).

Significantly, the grant will help Phase 2 of the Bengaluru metro rail project, which is expected to receive an amount of up to 52.036 billion yen. Phase 2 includes three metro lines (line 2A, line 2B and line 6) totaling 80 km in the metropolitan area of ​​Bengaluru. The project is expected to be completed by 2029, after which the number of rail services and the daily passenger distance will also increase.

“This loan is expected to meet the growing demand for transport, helping to strengthen industrial competitiveness by reducing congestion and traffic dangers,” read a press note from the Embassy of the United States. Japan.

119.978 billion yen for Delhi metro extension

The total grant of 232.86 billion yen signed on Friday will also propel the Delhi metro project which is expected to expand existing metro transport with the construction of three more lines. Phase four of the Delhi Mass Rapid Transit System project received a loan of up to 119.978 billion yen and is expected to be completed by 2028, a year ahead of the Bengaluru metro project. Relevantly, Japan has so far provided more than 1.3 trillion yen (about 86,000 crore) in aid to develop metro systems in Delhi, Bengaluru, Kolkata, Chennai, Mumbai and Ahmedabad.

The third project to benefit from the Japanese government-sanctioned loan is phase two of the Himachal Pradesh Crop Diversification Promotion Project which is expected to receive up to 11.302 billion yen. “This project consists of providing a loan to the Indian government for the development of agricultural production infrastructure such as small-scale irrigation and access roads to farms, to support the organization of farmer groups. and agricultural technology, as well as for building the capacity of the Ministry of Agriculture (DOA) of Himachal Pradesh, ”the Japanese statement read.

The crop diversification project which is expected to be completed by 2029 aims to expand the irrigation area as well as increase the income of farmers, thus contributing to the sustainable and inclusive development of the targeted areas.

45.816 billion yen of the total grant amount will go to Phase 2 of the Rajasthan Rural Water Supply and Fluorosis Mitigation Project. The project aims to strengthen the organizational capacity of the Village Water Sanitation Committee on the use and management of drinking water, including the mitigation of fluorosis and is expected to be completed by 2028. D ‘ by 2030, the project is expected to massively increase average daily water consumption. capacity.

The grant will also go to the Andaman and Nicobar Islands Electricity Improvement Project. “This project provides batteries and related facilities in southern Andaman, to stabilize the electricity supply and promote efficient use of electricity produced by solar photovoltaic energy. The project will help improve the industrial competitiveness in southern Andaman, ”the Japanese press release said while detailing the plans. The loans have an interest rate of 1.15% per annum and a 30-year repayment period, including a 10-year grace period.

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After closures and layoffs, companies are feeling something new: optimism https://techcomforces.com/after-closures-and-layoffs-companies-are-feeling-something-new-optimism/ https://techcomforces.com/after-closures-and-layoffs-companies-are-feeling-something-new-optimism/#respond Thu, 08 Apr 2021 02:37:58 +0000 https://techcomforces.com/after-closures-and-layoffs-companies-are-feeling-something-new-optimism/

HONOLULU, Hawaii (HawaiiNewsNow) – Businesses say things are improving. Since the pandemic, businesses in Hawaii have faced many challenges such as navigating lockdowns, firing workers and even closing their doors.

But, Hawaii Commercial Rents Survey officials said this quarter looks promising, especially as PPP loans are likely to be extended.

Ryan Tanaka, president of Island Business Management and owner of Giovanni Pastrami in Waikiki, partnered with other organizations to conduct the commercial rent survey. Currently, the investigation is in its fourth go-around and he said businesses have been feeling more optimistic since the last quarter of December.

“We are starting to see a speedy recovery,” Tanaka said. “We anticipate that the forward outlook period for the results of our investigation will be more favorable, although we do not expect a significant improvement. “

While many business owners are optimistic, they are still emerging from a deep hole.

“Businesses settle the arrears rent with their landlord until a commercial rent relief program is implemented,” Tanaka said.

Tanaka and others are crossing their fingers for House Bill 1324, which would create a program that would administer commercial rent relief grants. Tanaka said he could hopefully provide up to three months of unpaid rent to the hardest hit businesses.

This potential subsidy could be in addition to relief received by businesses as well as PPP loans and other aid, which Tanaka said has not been enough for businesses to take the turn.

The US Senate voted to extend P3 loans until May, which gives more options for homeowners to receive assistance.

“For many of them, the first round of PPP was the only help they received,” said Tina Yamaki, president of Retail Merchants of Hawaii. “We hope the second round can float more companies, so they can stay alive, hopefully next year at least.”

Sarah Nguyen, owner of Pizza Press in Pearl City, said two rounds of PPP certainly helped.

She said that in recent weeks her team has been keeping up with more and more families feeling comfortable eating out. However, it will take a long time for her to make up for the money she has lost.

“I am optimistic,” Nguyen said. “I’m very happy that we got to level 3. It has been good for us.

Copyright 2021 Hawaii News Now. All rights reserved.

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Global Peanut Butter Market Report 2021: Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2015-2026 – ResearchAndMarkets.com https://techcomforces.com/global-peanut-butter-market-report-2021-industry-trends-share-size-growth-opportunities-and-forecast-2015-2026-researchandmarkets-com/ https://techcomforces.com/global-peanut-butter-market-report-2021-industry-trends-share-size-growth-opportunities-and-forecast-2015-2026-researchandmarkets-com/#respond Thu, 08 Apr 2021 02:37:17 +0000 https://techcomforces.com/global-peanut-butter-market-report-2021-industry-trends-share-size-growth-opportunities-and-forecast-2015-2026-researchandmarkets-com/

DUBLIN – ()–The “Peanut Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026” report was added to ResearchAndMarkets.com offer.

The global peanut butter market reached a value of US $ 3.4 billion in 2020. Attributing to the market drivers, the global peanut butter market is expected to show moderate growth during the period 2021-2026 .

Peanuts are an essential crop cultivated around the world and are used commercially for the production of oil, butter, flour, confectionery and snack products. Of these, peanut butter is one of the most consumed spreads and is made by grinding and dry roasting peanuts. It is an energy-rich product, which is generally marketed as a substitute for milk butter.

Besides energy, it also offers fiber, protein and unsaturated fat as well as a set of micronutrients including magnesium, zinc, potassium and vitamin E. Due to this nutritional profile it is used for the preparation of various food products, including salads, brownies. , rolls, cakes, icings, corn cakes and chocolates.

With the rise in obesity rates, consumers around the world have started to turn to healthier breakfast and snack options. For example, in the UK, peanut butter is expected to overtake sales of sweet spreads, like jam, as they are targeted by Public Health England (PHE) as part of the sugar reduction plan. As part of this device, PHE aims to reduce the overall amount of sugar present in foods consumed by children.

Apart from this, due to the increasing competition in the global market, manufacturers have adopted innovative marketing strategies to reach a wider consumer base. With that in mind, Hormel Foods, a US-based food company, launched a new advertising campaign for its peanut butter brand, Skippy, in 2018.

Key questions answered in this report

1. What was the size of the global peanut butter market in 2019?

2. What is the growth rate of the peanut butter market?

3. What will be the outlook for the peanut butter market over the next five years (2020-2025)?

4. What are the main drivers of the global peanut butter market?

5. What are the main trends in the peanut butter industry?

6. Who are the main players in the peanut butter industry?

7. What is the largest regional peanut butter market?

8. What is the dominant distribution channel for peanut butter?

9. What is the distribution of the peanut butter market by type of product?

10. What has been the impact of COVID-19 on the global peanut butter market?

Main topics covered:

1 Preface

2 Scope and methodology

2.1 Study objectives

2.2 Stakeholders

2.3 Data sources

2.4 Market estimate

2.5 Forecasting methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global Sweet Spreads Industry

5.1 Market overview

5.2 Market performance

5.3 Market breakdown by region

5.4 Market breakdown by product type

5.5 Market Forecast

6 Global peanut butter industry

6.1 Market overview

6.2 Market performance

6.2.1 Volume trends

6.2.2 Value trends

6.3 Impact of COVID-19

6.4 Market breakdown by region

6.5 Market breakdown by product type

6.6 Market breakdown by distribution channel

6.7 Market Forecast

6.8 Price analysis

6.9 SWOT analysis

6.10 Value chain analysis

6.11 Porter’s five forces analysis

6.12 Main Market Drivers and Success Factors

7 Peanut Butter Market: Performance of Key Regions

8 Peanut butter market: Breakdown by product type

8.1 Crunchy Peanut Butter

8.2 Smooth peanut butter

8.3 Others

9 Peanut butter market: breakdown by distribution channel

9.1 Supermarkets and hypermarkets

9.2 Convenience stores

9.3 Online shops

9.4 Others

10 Competitive landscape

10.1 Market structure

10.2 Market share of key players

11 Process of making peanut butter

11.1 Product overview

11.2 Detailed process flow

11.3 Different types of unit operations involved

11.4 Mass balance and raw material requirements

12 Project details, requirements and costs involved

12.1 Land requirements and expenditures

12.2 Construction requirements and expenses

12.3 Plant layout

12.4 Plant machinery

12.5 Photos of machines

12.6 Raw material requirements and expenditure

12.7 Images of raw materials and finished products

12.8 Packaging requirements and expenses

12.9 Transportation needs and expenses

12.10 Public service needs and expenditures

12.11 Labor requirements and expenses

12.12 Other capital investments

13 Loans and financial assistance

14 Project economics

14.1 Capital cost of the project

14.2 Technical and economic parameters

14.3 Product prices and margins at different levels of the supply chain

14.4 Taxation and depreciation

14.5 Revenue projections

14.6 Expenditure projections

14.7 Financial analysis

14.8 Profit analysis

15 key player profiles

For more information on this report, visit https://www.researchandmarkets.com/r/i7kblz

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Tyields on debt securities are skyrocketing at an alarming rate, but this does not start the issuance of leveraged loans, indicating that the SPDR Blackstone / GSO Senior Loan ETF (NYSEArca: SRLN) is a fixed income exchange traded fund that investors can consider for the short term.

SRLN invests in senior loans made to companies operating in North America and outside of North America. The Portfolio may invest in senior loans through loans directly through the primary or secondary market or through participation in senior loans, which are contractual relationships with an existing lender under a loan facility. loan where the loan portfolio purchases the right to receive principal and interest payments.

Since rates are typically reset quarterly, senior loans typically have short durations – a measure of a bond fund’s sensitivity to changes in interest rates. The variable rate component also offers investors an alternative method of obtaining returns while mitigating interest rate risk. Therefore, bank loans are seen as an attractive substitute for traditional corporate debt in a rising interest rate environment.

SRLN: Right to the rate hike?

“In terms of year-over-year changes in three-month moving averages, the 10-year Treasury yield shows an inverse correlation of -0.3 with the issuance of quality bonds, zero correlation with the issuance of high yield bonds and a positive correlation of 0.41 with the issuance of leveraged loans ”, according to Moody’s Investors Service. “Everything else is the same, as Treasury bond yields rise, IG corporate bond offerings tend to fall, HY bond issues do not move back and forth, while the Leverage loan issuance is increasing. “

Senior loans from the SRLN portfolio are paid first. A higher payment priority promotes liquidity as the defaulting borrower has to sell assets in order to repay creditors – in this case, senior loans within the SRLN portfolio are given higher priority – a viable option, especially in the event of a market downturn.

“Typically, an upward trend in Treasury bond yields is the result of an improving outlook for business and corporate earnings,” adds Moody’s. “In addition, HY corporate bond default rates tend to fall amid rising Treasury yields. For HY bond issuers, improved credit quality may offset higher benchmark bond yields and, therefore, leave HY bond offerings relatively unchanged. High-yield borrowing that occurs against the backdrop of rising Treasury bond yields may be increasingly geared towards leveraged lending, as investors show a greater preference for floating rate debt that interest payments will increase with any future increase in short-term benchmark interest. rates.”

Leverage loans generally attract investors looking to generate income in a rising interest rate environment because of their variable rate component. However, central banks and agencies like the International Monetary Fund have warned that credit quality is declining.

To learn more about active strategies, visit our ETF channel active.

Learn more at ETFtrends.com.

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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Former JPMorgan executive leaves board of directors of company that collected data for Trump 2020 campaign https://techcomforces.com/former-jpmorgan-executive-leaves-board-of-directors-of-company-that-collected-data-for-trump-2020-campaign/ https://techcomforces.com/former-jpmorgan-executive-leaves-board-of-directors-of-company-that-collected-data-for-trump-2020-campaign/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://techcomforces.com/former-jpmorgan-executive-leaves-board-of-directors-of-company-that-collected-data-for-trump-2020-campaign/

Blythe Masters, a former senior executive at JPMorgan Chase, is stepping down from the board of directors of Phunware, a company that created a controversial voter data collection app for Donald Trump’s re-election campaign in 2020.

Masters, who chairs the board of directors of Phunware, plans to leave the company on May 1. She informed the company of her resignation on March 24, Phunware revealed in a statement. deposit this week.

In a separate file, Phunware revealed it was paid $ 3.2 million in 2020 by its largest client, which the Associated Press identified as American Made Media Consultants, the member-controlled limited liability company. from the Trump family who spearheaded campaign spending.

A phone message left with Masters at Motive Partners, a private equity firm of which she is now a partner, was not returned.

Phunware COO Randall Crowder told CBS MoneyWatch that Masters’ recent appointment to the board of Swiss banking giant Credit Suisse forced him to relinquish other board positions.

“She will remain with Phunware as a strategic advisor and is still a supporter of the company and an asset to our efforts,” said Crowder.

PPP loan leads to lawsuit

In April, Phunware received emergency federal assistance under the Paycheck Protection Program (PPP), a government-backed effort to help small businesses affected by the pandemic. CBS MoneyWatch was the first to report that Phunware had received a $ 2.85 million PPP loan that had been arranged by Masters’ former employer, JPMorgan.

Phunware and JPMorgan were subsequently named as defendants in a class action filed on behalf of Sha-Poppin Gourmet Popcorn and other small businesses that had failed to secure a paycheck protection loan through JPMorgan. In the lawsuit, Sha-Poppin claimed that Phunware and other large companies benefit from a “two-tier” system that gives well-connected JPMorgan customers preferential access to the program.

The lawsuit also stated that Phunware is “currently working for the president’s re-election campaign” and noted that Masters was appointed chairman of the company’s board on March 30, 2020, a day after Congress approved the Paycheck program.


Trump campaign app raises privacy concerns

06:54

In a press release at the time, Phunware said the timing of Master’s appointment had nothing to do with PPP and that she had played no role in helping the company access government-backed funds from her former employer. A judge has since fired Phunware in the lawsuit, claiming that Sha-Poppin lacked standing to sue Phunware. JPMorgan is fighting the lawsuit and has sought to bring it to arbitration.

JPMorgan declined to comment to CBS MoneyWatch on the litigation at the time, but a section of its website devoted to PPP loans disputes that the bank gave priority to large customers.

The link of the masters with the housing bust

Masters has had a long and rich history on Wall Street. The former trader, considered one of the most powerful women in finance, is widely credited with helping create credit default swaps, a derivative popular on Wall Street that played a major role in the financial crisis from 2008.

Vanity Show appointed Masters is one of the top 100 responsible for the financial crisis. She left JPMorgan in 2014 after a 27-year career in banking. A year later, she became the head of a company that was developing blockchain – the technology that is the basis of bitcoin and other cryptocurrencies.

Masters joined Phunware’s board in 2019 after the company had already established ties with Trump campaign officials in the 2016 election. She said at the time that she was drawn to the company because of its possible applications in the healthcare industry.

CBS News reported in July that Phunware’s Trump campaign app was exploiting a “gold mine” data on Americans, including collecting the cell phone locations and contacts of millions of users. A September profile of the company in the New Yorker said the company was collecting “huge amounts” of voter data for the Trump campaign.

A recent deposit shows that Masters owns nearly 280,000 shares of Phunware, although many of those shares are in restricted units and may have to be lost when she leaves the company. Phunware shares, which had reached a price of $ 308 in early 2019, were recently trading for just $ 1.60.

With a report by CBS News investigative reporter Graham Kates.

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Michigan prisoner asks for pardon in marijuana case after serving more than 20 years in prison https://techcomforces.com/michigan-prisoner-asks-for-pardon-in-marijuana-case-after-serving-more-than-20-years-in-prison/ https://techcomforces.com/michigan-prisoner-asks-for-pardon-in-marijuana-case-after-serving-more-than-20-years-in-prison/#respond Wed, 07 Apr 2021 23:17:41 +0000 https://techcomforces.com/michigan-prisoner-asks-for-pardon-in-marijuana-case-after-serving-more-than-20-years-in-prison/

Flint Mayor Sheldon Neeley asks for some relief.

Michael Thompson, 69, Neeley’s uncle, has spent more than two decades behind bars after being sentenced in 1996 to 42 to 60 years in prison on a gun-related drug charge.

“Today I am calling for clemency and justice,” Neeley said in a public hearing Tuesday, Nov. 17, to discuss the potential commutation of the remainder of Thompson’s sentence.

Recalling days gone by when Thompson took him and others to a local park, Neeley pointed out that his uncle had served 25 years for a non-violent offense.

“I want to be able to have coffee, play chess with my uncle,” Neeley said. “Justice and mercy must take place. “

Thompson’s conviction came after he sold three pounds of marijuana to a confidential informant in 1994.

Speaking during the more than two-hour public hearing, Thompson said he had been friends with the informant for about five years.

He said he had sold drugs in the past – from cocaine in the 1970s to the transition to marijuana in the 1990s – to help pay his bills and support his family while occupying a job as a truck driver for an automobile company.

Executing search warrants on Flint and Grand Blanc’s homes after his arrest, police found more than a dozen guns which led to gun felony charges because he was a criminal sentenced.

The charges included three drug-related charges – possession with intent to sell; conspiracy of possession with intent to sell; and the sale of marijuana – and two weapons charges.

A plea that had been made by Thompson to have three charges dropped was dismissed by the judge. As part of the rejected deal, Thompson said he would only go to jail for two years.

Thompson was tried and was found guilty of all five counts. He served his sentence for drug offenses, but remains jailed on gun felony charges.

Thompson’s defenders said most of the guns were antiques. Thompson said at the hearing that he had accumulated the weapons over a period of more than two years, but they had been hidden.

Kimberly Kendall Corral, Thompson’s lawyer, called the sentence “serious” in nature.

While Thompson had four prior convictions on his record, Corral said the disproportionate punishment was based on possession of guns he was peacefully holding but was linked to the commission of the drug offense.

She argued that the situation was an aberration of Thompson’s character and shouldn’t define who he is now.

Timothy S. Flanagan, a Michigan Parole Board member who conducted the hearing, noted that Thompson only had one fault in his criminal record.

“You are obviously not a management problem in the facility,” said Flanagan.

Corral was one of more than a dozen of Thompson’s supporters at the hearing, ranging from lawyers to family members and marijuana advocates from Michigan to California.

Thompson’s daughter Rashawnda Littles called her father a “great man” who helped people avoid violence in the past as well as during their incarceration.

A surge of support has grown for Thompson’s case in recent years after he gained national attention, with some celebrities calling for his release as well as a social media campaign, #FreeMichaelThompson.

In August Michigan Attorney General Dana Nessel sent a letter to Governor Gretchen Whitmer, who was read aloud during the hearing, in support of the commutation of the remainder of Thompson’s sentence.

The letter urging the governor to take the step reads in part: “Mr. Thompson was unlucky enough to have been convicted of drug offenses at a time when draconian drug laws were prevalent in the country. Michigan, including one that not only authorized but imposed a life sentence without parole for drug offenses involving more than 650 grams of controlled substances. “

She added that, in view of Thompson’s previous offenses which made him a habitual offender, “left the trial judge with virtually unlimited discretion to convict Mr. Thompson.”

The earliest Thompson would be eligible for parole in April 2038, Nessel said, which would make him 87 years old.

As some pointed out at the hearing, Genesee County District Attorney David Leyton also became counsel on Thompson’s behalf.

“I was not the elected prosecutor at the time but what I can say based on my review of the case almost 25 years later is that the sentence handed down by the judge certainly appears to be disproportionate by report to the crime committed, ”Leyton said. in an April press release.

Related: Genesee County District Attorney Seeks Clemency For Man Sending 40 Years For Drug Addiction

Thompson’s sentence seems harsh, Leyton said, including even previous convictions, which the judge did.

Leyton said the sentence “goes against the interests of justice and fairness,” which is why he decided to join Thompson’s attorney in his request for a pardon.

Thompson, who was recently diagnosed and treated after contracting COVID-19, brought tears to his eyes after listening to the plethora of support.

“I just hope the Parole Board will look at my institutional record and look at the things (that I have done) since I’ve been in jail,” Thompson said of the programs he has participated in and helped create for. mentor others. “What I did before I got to jail … I’m far from it.”

No immediate decision was taken after Tuesday’s public hearing.

A transcript of the public hearing should be generated prior to the parole board meeting on the situation, decide on its recommendation, and forward it to the governor’s office for review.

Any recommendation from the parole board is non-binding, with final approval of a possible commutation of Thompson’s sentence requiring the governor’s approval.

Read more:

Michigan AG “horrified” by Michael Thompson’s 42-62 year sentence for marijuana case in 1994

Sick of COVID-19, inmate cannot get out of prison even with AG, prosecutor argues

Muskegon inmate with coronavirus receives meeting with parole board after GA support

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Lawsuits Target EPA Main Rule, Say Pipe Removals Gave Too Much Time https://techcomforces.com/lawsuits-target-epa-main-rule-say-pipe-removals-gave-too-much-time/ https://techcomforces.com/lawsuits-target-epa-main-rule-say-pipe-removals-gave-too-much-time/#respond Wed, 07 Apr 2021 23:17:38 +0000 https://techcomforces.com/lawsuits-target-epa-main-rule-say-pipe-removals-gave-too-much-time/

WASHINGTON, DC – Environmental groups suing the United States Environmental Protection Agency over regulations governing lead contamination in public drinking water say a long-awaited and finalized review in the The last days of the Trump administration are offering too much time for utilities to dig up and replace lead service lines in their distribution network.

A lawsuit was filed last week in the DC Circuit Court of Appeals by Earthjustice and joined by the NAACP, United Parents Against Lead, Newburgh Clean Water Project and Sierra Club. The Natural Resources Defense Council (NRDC) filed a separate but related complaint.

The groups are pushing the new Biden administration to change course and take action to adjust the implementation of the new rule that they say would better protect people’s health.

The focus of their concern is the three decades in which utilities must replace lead pipes, a costly task that is behind schedule in cities in Michigan and elsewhere.

The rule is one of many Trump EPA actions put on a “FreezeBy the new administration.

“Basically the EPA has included some minor adjustments to how monitoring is done and how you count if a main service line has been replaced, but that hasn’t fixed the fundamental problem that those lines of Main services are going to sit in the ground for decades in most cases, ”said Erik Olson, senior director of health and food issues at NRDC.

The EPA released its review of the lead and copper rule in December and held a press conference which included the mayor of Flint, Sheldon Neeley. The revision, in the works for years, was the first major change since the rule of origin was adopted in 1991. The rule was strongly criticized as being too lenient after the Flint crisis and prompted Michigan to tighten up. its own rules.

The EPA did not change the national action level for lead in public water, which is 15 parts per billion (ppb), but it did create a “trigger level” of 10 bpb at which utilities Audiences must optimize or add corrosion control. The overhaul also changed tap sampling procedures and criteria for selecting homes to be tested, as well as the requirement for 24-hour customer notification rather than 30 days of a high test result. It also requires routine testing in elementary schools and daycares.

Most of the overhaul focused on lead service pipes, which are lead pipes in many cities that connect water pipes to individual buildings. The rule requires utilities to update their lead utility line inventories and to “find and fix” sources of lead in homes with water greater than 15 ppb. But the EPA has extended the time frame during which water supply systems must eventually find and replace these lead lines; which, in Flint’s case, leached lead into drinking water across town because plant operators failed to properly treat raw river water with corrosion control.

Critics of the review say the extra time to replace lead pipes extends the risk of lead-contaminated drinking water to another generation of people. Democrats like Michigan Governor Gretchen Whitmer criticized a draft of the rule last year. US Representative Dan Kildee, D-Flint, said the review “would do nothing to prevent Flint’s next water crisis from occurring in other communities across the country” when it was announced.

In Michigan, the lead rule is already stricter than the EPA’s revision. In 2018, under former Governor Rick Snyder, the state lowered the action level to 12 ppb from 2025 and asked utilities to remove all lead lines and galvanized steel lines that connect to the lead lines.

Michigan rule requires that lead pipes be replaced within 20 years and that inventories be completed by 2025. An estimated 500,000 such pipes are in the state’s water systems.

Water utilities run by the Great Lakes Water Authority in Detroit pushed back on changes because they were too expensive to run, but lost in court in 2019.

The NRDC argues that the EPA should have adopted a standard at the tap used for most other contaminants regulated in drinking water called the Maximum Contaminant Level, or MCL, rather than continuing the complex lead rule, which is the basis of the actions. response on the test results of a percentage of predetermined homes in a service area of ​​the water network.

The new requirement that utilities test schools and daycares “sounds good in theory,” Olson said, but testing is only required on a small number of taps every five years.

“A school can have 20 or 30 different fountains,” Olson said. “Just testing five places in a school over a five-year period is very likely to miss out on problems and mislead staff and parents into believing that there is no problem, while in many cases there will be a problem that will not be detected. “

Olson said the “filter first” legislation, which was introduced to the Michigan legislature in 2019 but died at the end of the last session, would simply require filters on school water fountains. He said it would be cheaper than regular testing and more effective in reducing exposure.

“We are hoping that this type of legislation will be passed in Michigan and we would like it to be a national model,” he said.

Related stories:

EPA says it will regulate PFAS on Trump’s last day

Revision of EPA’s main rule will require testing in schools

The map shows where the Flint lead lines remain

Court upholds Flint-inspired lead water rule

Judge approves $ 641 million Flint water settlement

Grand jury helped pass legal deadline in Flint water case

Snyder’s attorneys call for a change of venue in Flint case

Ann Arbor could spend $ 14 million to replace household water pipes

Saginaw warning residents who may have lead lines

Grand Rapids has 24K lead water service lines to replace

13 Michigan Water Systems Failure Test for Excess Lead

Owosso advises water customers of elevated lead levels

Flint Completes Water Tests, Results Well Below Federal Threshold

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Pant surpasses Dhoni to become India’s fastest stumper to reach 1,000 tests https://techcomforces.com/pant-surpasses-dhoni-to-become-indias-fastest-stumper-to-reach-1000-tests/ https://techcomforces.com/pant-surpasses-dhoni-to-become-indias-fastest-stumper-to-reach-1000-tests/#respond Wed, 07 Apr 2021 23:17:35 +0000 https://techcomforces.com/pant-surpasses-dhoni-to-become-indias-fastest-stumper-to-reach-1000-tests/

Rishabh Pant passed iconic Mahendra Singh Dhoni on Tuesday to become India’s fastest wicket-keeper to reach the 1,000-run mark in test cricket.

Pant achieved the feat in just 27 innings, scoring an average of 40.04. Dhoni had taken 32 innings to reach the milestone.

At bat in India’s second round in the fourth and final test against Australia at Gabba on Tuesday, Pant only needed one point to reach the record and he recovered it by shooting Pat Cummins to score a brace.

Besides Pant and Dhoni, there are five other Indian stumpers – Farokh Engineer (36 innings), Wriddhiman Saha (37 innings), Nayan Mongia (39 innings), Syed Kirmani (45 innings) and Kiran More (50 innings) – who have reached the milestone of 1000 races in cricket test.

South African Quinton de Kock holds the record for being the fastest wicket batsman to reach 1,000 points in tryouts. He did it in 21 innings.

De Kock is followed by Sri Lankan Dinesh Chandimal (22 innings), Englishman Jonny Bairstow (22 innings), legendary Kumar Sangakkara (23 innings) and AB de Villiers from South Africa (23 innings).

In 2019, Pant became the fastest Indian glove to record 50 Test Cricket dismissals against the West Indies.

Pant scored a winning game of 89 steps on 138 balls on Tuesday as India won the fourth and final test against Australia to win the series 2-1, ending the 32-year-old unbeaten streak of the ‘local team at the’ Gabba Fortress’.

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