honey business – Luxuryhoneybee http://luxuryhoneybee.com/ Mon, 30 Aug 2021 10:50:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 ‘James to write off $ 2 million in student debt as part of settlement https://luxuryhoneybee.com/james-to-write-off-2-million-in-student-debt-as-part-of-settlement/ https://luxuryhoneybee.com/james-to-write-off-2-million-in-student-debt-as-part-of-settlement/#respond Fri, 07 May 2021 04:37:44 +0000 https://luxuryhoneybee.com/james-to-write-off-2-million-in-student-debt-as-part-of-settlement/ James International Colleges agreed to write off $ 2.1 million in student debt, pay a fine of $ 550,000 and submit to external surveillance as part of a settlement agreement under a lawsuit alleging he violated Iowa’s consumer fraud law, state officials said Thursday. Settlement resolves consumer fraud lawsuit filed in Polk County District Court […]]]>


James International Colleges agreed to write off $ 2.1 million in student debt, pay a fine of $ 550,000 and submit to external surveillance as part of a settlement agreement under a lawsuit alleging he violated Iowa’s consumer fraud law, state officials said Thursday.

Settlement resolves consumer fraud lawsuit filed in Polk County District Court in 2014 alleging that The ‘James engaged in deceptive, omitted and unfair marketing, listing and instruction.

“This settlement addresses some of La ‘James’ past practices that we believe were simply unfair to many of its students,” Iowa Attorney General Tom Miller said in a statement.

The settlement affects prospective and current students, as well as former students who are in debt to La ‘James.

The school of cosmetology has come under public scrutiny following a series of Des Moines Register Pulitzer Prize Finalist editorials in 2013 on several students who said they were not credited for hours worked and were unable to graduate on time. Some have been forced to drop out because La ‘James “pays for himself first” with student loan and scholarship money, leaving students with no money for rent or living expenses.



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Why you should aim to close a loan, not settle it https://luxuryhoneybee.com/why-you-should-aim-to-close-a-loan-not-settle-it/ https://luxuryhoneybee.com/why-you-should-aim-to-close-a-loan-not-settle-it/#respond Fri, 07 May 2021 04:37:44 +0000 https://luxuryhoneybee.com/why-you-should-aim-to-close-a-loan-not-settle-it/ If you are unable to repay your loan for 91 consecutive days, your lender will classify the loan as non-performing asset (NPA). You might be unable to repay your debts due to various reasons such as loss of income, financial emergency, a dispute over payment terms with the lender or perhaps due to mismanagement of […]]]>


If you are unable to repay your loan for 91 consecutive days, your lender will classify the loan as non-performing asset (NPA). You might be unable to repay your debts due to various reasons such as loss of income, financial emergency, a dispute over payment terms with the lender or perhaps due to mismanagement of your money. After pursuing you for several months for repayments, your bank offers you the option of settling in one go: make a partial payment in one go of your contribution, and consider the loan paid off. But should we take this option?

INTRODUCTION TO THE SINGLE REGULATION
The OTS, as banks call it, is one of the few options a defaulter has to repay their dues and get out of debt. Typically, the OTS offer requires the defaulter to pay their principal in full. Interest due as well as penalties and other charges may be partially or totally canceled. In some cases, part of the capital can also be canceled. In total, the defaulter can repay a fraction of the total amount of contributions and consider the loan “settled”. However, when you repay your loan in full with interest and related fees, the loan is considered “closed”. There is a big difference between “closing” and “paying” your loan.

WHY LENDERS OFFER YOU THE OTS
The banking industry has a long history of dealing with NPAs. This year, the Reserve Bank of India mandated banks to develop a 30-day recovery plan for a defaulted account. Banks will have an additional 180 days to implement their plan. With their booming NPAs, banks will do their best to recover stressed assets. One of these options can be OTS. Banks can offer a defaulter the option of paying part of their contributions, while writing off the rest as a loss. This way the loan is settled and the defaulter will not be tracked down by the collection agencies. However, there is more to a settlement than simply terminating a loan account.

THE BENEFITS FOR BORROWERS
The advantage – if we can say it all like this – is that the borrower, who is no longer able to repay his debts, can take the OTS option to clear his contributions on terms that suit him as well as at the bank. Once this option is exercised, the loan account is terminated and the bank cancels the unpaid contributions. But also consider the damaging consequences of a settlement.

THE DAMAGING IMPACT
A settled loan does not mean the end of a borrower’s problems. First, the bank will report the status of the loan as “settled” to credit bureaus such as Experian and CIBIL. It would ruin the borrower’s credit rating – by a margin of 50 to 100 points or more. If he has settled multiple credit accounts, the impact will be magnified. The account status section in his credit report would say that a loan was paid off, which basically means he didn’t have the income to pay off his debts. His credit report will mention it for the next seven years. During this period, it would make it almost impossible for him to borrow again and he will also be blacklisted by his bank.

LONG-TERM DAMAGE
Debt collectors may not adequately help borrowers understand where the settlement leads. And so, in times of financial crisis, paying off your loan may seem like a viable option. But this is not the case, and the consequences of a settlement are serious. As a blacklisted borrower, it will be difficult for you to borrow again, which will hamper several life goals such as buying a house or car, or obtaining a mortgage. student loan to further your career. You may not be able to borrow to start a business or in an emergency such as a health problem. You won’t have a credit card. The punishment for settling, therefore, is for not being able to fulfill the aspirations of your life.

WHAT YOU SHOULD DO
In debt, your goal should always be to repay your membership fee in full. If the default was caused by a disputed debit, report it to the bank and work to resolve it. If the default is due to your inability to pay your dues, assess the banks for your problems. Ask for time and look for a restructuring of your debts that will facilitate repayment. If you run out of money, take out an interest-free loan from family or friends. At the same time, work on developing income that can make it easier for you to manage your debts.

BUT IF YOU CAN’T AVOID A SETTLEMENT
Let’s say there is no financial way for you to avoid a settlement, so you take the option. However, you still have the option of converting a settled account to a closed account at a later date. Once you have the financial means, contact your bank and offer to reimburse your contributions in full (principal, interest, penalties and other fees). After full refund, collect your non-contribution certificate from the bank. The bank will report your account as closed to the credit bureaus. Alternatively, you can also report the development to the offices and file a request for a change of status to closed.



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Ludlow Jolie Hair & Beauty Academy for-profit school to pay students $ 160,000 https://luxuryhoneybee.com/ludlow-jolie-hair-beauty-academy-for-profit-school-to-pay-students-160000/ https://luxuryhoneybee.com/ludlow-jolie-hair-beauty-academy-for-profit-school-to-pay-students-160000/#respond Fri, 07 May 2021 04:37:44 +0000 https://luxuryhoneybee.com/ludlow-jolie-hair-beauty-academy-for-profit-school-to-pay-students-160000/ LUDLOW – A cosmetology school will pay students $ 160,000 after settling an allegation that it distorted its educational program and violated state regulations governing for-profit schools. Jolie Hair and Beauty Academy, located at 44 Sewall St., on Monday signed a disclaimer in Suffolk Superior Court which settled complaints by Attorney General Maura Healey accusing […]]]>


LUDLOW – A cosmetology school will pay students $ 160,000 after settling an allegation that it distorted its educational program and violated state regulations governing for-profit schools.

Jolie Hair and Beauty Academy, located at 44 Sewall St., on Monday signed a disclaimer in Suffolk Superior Court which settled complaints by Attorney General Maura Healey accusing the school of misrepresentation and discrimination in the against students.

Under the deal, the school has neither admitted nor denied the allegations, according to court documents.

The school will spend a total of $ 160,000 to reimburse students who registered between March 2016 and March 2018 at the school. The attorney general’s office will receive $ 94,000 to provide relief to students it deems eligible and will pay off about $ 70,000 in debts some students owe Jolie, according to the attorney general’s office.

“These students will be identified at the discretion of the (Attorney General’s Office), but are limited to the following groups of students: (i) Certain students of the School who enrolled between March 2016 and March 2018 in the cosmetology program and have withdrawn or have been academically dismissed on the date of filing of this (agreement); and (ii) some students of the school who enrolled between March 2016 and March 4, 2018 in the cosmetology, esthetics and manicure programs, withdrew in the top 25% of their program and remained withdrawn », Indicates the agreement.

Jolie Hair and Beauty Academy, which also has offices in New Jersey and Pennsylvania, has been accused of announcing to prospective students that its programs will cover topics such as hair removal, waxing, dyeing. eyebrows and eyelashes, but she provided limited training on the subjects, Healey’s told the office.

Tuition at the school is approximately $ 9,700 per year.

He is also accused of violating state requirements because he did not communicate graduation rates to prospective students and is accused of discriminating against students.

“Specifically, the (attorney general) alleges that Jolie’s faculty made discriminatory statements to certain students about the race, religion, and actual or perceived national origins of those students,” the agreement reads.

The school will either have to retain qualified staff capable of teaching the subjects or cease to advertise that it offers training. In addition, all employees must undergo anti-discrimination training, says the agreement.

“Students deserve high quality professional education that is respectful of all students,” Healey said. “This settlement will provide many Jolie students with the relief they need. “

Anyone who may have been a student and would like information on refunds or settlement can contact the Attorney General’s office at 888-830-6277 or online at mass.gov/agt/studentloans.gov



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/ REHEARSAL – Trillium Gold Acquires Major Land Position in the Confederacy Greenstone Belt of Red Lake / https://luxuryhoneybee.com/rehearsal-trillium-gold-acquires-major-land-position-in-the-confederacy-greenstone-belt-of-red-lake/ https://luxuryhoneybee.com/rehearsal-trillium-gold-acquires-major-land-position-in-the-confederacy-greenstone-belt-of-red-lake/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/rehearsal-trillium-gold-acquires-major-land-position-in-the-confederacy-greenstone-belt-of-red-lake/ Bill paterson, Vice President of Exploration comments “Most of the properties we have entered into to acquire in the Confederation Greenstone Belt have been explored primarily for base metals in the past. Many operators have ignored many occurrences of gold mineralization or have never analyzed the gold. This acquisition presents an opportunity to explore a […]]]>


Bill paterson, Vice President of Exploration comments “Most of the properties we have entered into to acquire in the Confederation Greenstone Belt have been explored primarily for base metals in the past. Many operators have ignored many occurrences of gold mineralization or have never analyzed the gold. This acquisition presents an opportunity to explore a large set of rocks with a high potential for gold accommodation in the Birch-Uchi greenstone belt. The structural corridor, which is associated with the Great Bear’s Dixie Project, appears to be continuous along this stratigraphy and fault structures similar to those of the Moose and Caribou Creek blocks. We are seeing similar characteristics on the Copperlode West claims that we also acquired.

Russel starr, CEO of Trillium Gold comments, “The lots of land being acquired are promising exploration targets given that they are located along and near the structural corridor that includes the Great Bear Dixie Lake project. . ”

Trillium Gold will pay CA $ 180,000 and issue 200,000 Trillium gold shares and 200,000 warrants exercisable for a period of 2 years and having an exercise price of CA $ 5.00 under the acquisition contract. Completion of the acquisition is subject to the approval of the TSX Venture Exchange.

There is a high probability that Great Bear Resources’ Dixie project is located along the Confederation-Balmer contact. The high-strain structural zone harboring LP Fault mineralization is traceable from the Dixie property eastward based on regional aeromagnetic data, through Confederation favorable rocks of the Birch-Uchi Greenstone Belt. It is suggested that this relationship exists for many fault flares intersecting the Confederation Greenstone Belt.

The LP fault target on the Great Bear Resources Dixie Project would contain high grade gold mineralization controlled by structural and geological contacts, with lower grade disseminated gold around and on the flanks of the high grade intervals. The dominant gold stratigraphy consists of felsic and sedimentary volcanic rock units. Trillium Gold believes that the same stratigraphy in the Dixie LP fault target is also present on the Moose and Caribou Creek blocks as well as on the Copperlode West claim block, hence the Company’s interest in these newly acquired claims and very promising.

The Moose Creek and the Caribou Creek claim blocks are contiguous to a former Noranda property containing the Dixie 18 deposit with a historic non-NI 43-101 resource reported by Noranda to be 110,000 tonnes (99,820 tonnes) grading 0.5% Cu and 12.5% ​​Zn at a depth of 150m. These properties also seem to lie along the “Mine Trend” which houses the Cochenour and the Red Lake mines operated by Evolution Mining. There is excellent road access to the eastern and western ends of the claim blocks.

Historic drilling on the Moose Creek The Inco claims returned 0.33% Cu and 1.17% Zn over 2 meters in hole BH 79637. No gold analysis was reported. Additionally, Selco drilled 0.96% Cu and 3.22% Zn over 1.2 feet as well as 0.69% Cu and 1.11% Zn over 2.2 feet in hole 150-8-1. These are the only holes drilled on the Moose Creek complaints.

On the Caribou Creek claims, 6 historic holes were drilled by Lightval Mines and Selco. The four holes at Lightval Mines include a total of 633.3 m drilled, but only 15 samples were collected. Of these samples, two showed anomalous gold values ​​below 200 ppb Au.

The Moose and Caribou Creek claim blocks lie northwest of the Otter property, where Portofino Resources recently sampled gold-bearing quartz veins near surface sulphide mineralization.

The Copperlode West claim block is contiguous to the east with the Joy zone, the Creek zone, the south zone, the Caravelle zone and the Diamond Willow zone.

The Joy Zone is a volcanogenic massive sulphide dominated by copper. It has been tested by 8 historic drill holes. The results included 4.01% Cu over a core length of 3.35 meters and 3.21% Cu over a core length of 4.91 meters.

The Diamond Willow Zone is a massive copper-zinc sulphide zone. It was intersected by six historic holes, with results including 2.26% Cu and 1.81% Zn over 4.20 meters and 1.24% Cu and 0.98% Zn over 5.35 meters.

The Caravelle zone was tested by drilling in the 1960s. The best results included 0.22% Cu and 4.44% Zn over 1.07 meters and 0.92% Cu and 1.01% Zn over 1.22 meters. in the same poll.

The Creek zone was drilled by Noranda Exploration in 1994, intersecting 1 meter of 1.37% Cu, 0.16% Zn, 5.8 g / t Ag and 0.98 g / t Au. This included 0.5 meter of 1.8 g / t Au.

East of the Copperlode West blocks is the Copperlode “E” zone, with a historic non-NI 43-101 resource reported by Noranda to be 110,000 tonnes at 1.02% Cu, 8.28% Zn and 0.39% Ag.

Geology

The Confederation assembly dominates both the Red Lake and the Birch-Uchi greenstone belts. The rocks include younger Archean volcanic rocks of the shallow to subaerial Sea Arc on an older Archean continental margin with more recent tholeiitic basalts. The assemblage is characterized by extensive shallow to subaerial intermediate to mafic marine calc-alkaline volcanism. Felsic to intermediate volcanic rocks include various tuffaceous facies, massive to pillow andesites, with minor fine clastic sediments.

The Confederacy assemblage lies unconformably atop Balmer Rocks (the main host of the red lake gold mineralization) with the angular unconformity usually covered by the late Confederation Huston clastic assemblage. The vast majority of Red Lake mineralization is located a short distance from this unconformity.

The technical information presented in this press release has been reviewed and approved by William Paterson QP, PGeo, VP of Exploration for Trillium Gold Mines., As defined by NI 43-101.

Trillium Gold also reports that it has granted incentive stock options, exercisable to purchase up to a total of 1,125,000 shares of the Company, to officers and consultants of the Company in accordance with the Plan. stock options of the Company (the “Plan“). The options are all exercisable at a price of $ 1.70 per share up to 20 October 2025, subject to any early termination in accordance with the Plan. The grant of options is subject to regulatory approval.

Trillium Gold also announces that following its press release from July 3, 2020, the Company settled a total of $ 458,100 of debt (the “Debt“) relating to advisory services provided by two arm’s length creditors (the”Debt Settlement Actions“). Pursuant to the Debt Settlement Actions, the Company issued to creditors a total of 497,934 common shares in the capital of the Company (the”Actions“) at a deemed price of $ 0.92 by Action. The debt settlement actions were approved by the TSX Venture Exchange on October 8, 2020.

The Company negotiated the shares for debt settlement in light of the Company’s current working capital situation and in order to preserve capital to fund the continued development of the Company’s mining projects.

All securities issued under the Debt Settlement Shares are subject to a legal holding period expiring on February 9, 2021 in accordance with applicable securities legislation.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

“Russell Starr”

Russel starr

President, CEO and Director

About Trillium Gold Mines Inc.

Trillium Gold Mines Inc. is a British Columbia company based in the sector of acquisition, exploration and development of mineral properties located in the very promising mining district of Red Lake in Northern Ontario.

Disclosure and warning

Completion of the transaction is subject to a number of conditions, including acceptance by the TSX Venture Exchange. The transaction cannot be closed until the required conditions are met and the required approvals are obtained. There can be no assurance that the transaction will be completed as proposed or that it will be completed. Trading in the securities of the Company should be regarded as highly speculative. The TSX Venture Exchange has neither reviewed nor approved the terms of the transaction.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Trillium Gold Mines Inc.



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The best way to consolidate your debt https://luxuryhoneybee.com/unsecured-debt-consolidation-loans-see-our-debt-consolidation-information/ https://luxuryhoneybee.com/unsecured-debt-consolidation-loans-see-our-debt-consolidation-information/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/make-2021-the-year-you-take-control-of-your-debt/ What is the best way consolidate debts? The best method to consolidate credit card bills varies from person to person, depending on financial and lifestyle preferences. The best way for some to consolidate debt is to pay off smaller balances first before adding those payments onto the bigger bills until these are paid off. Others might look […]]]>

What is the best way consolidate debts?

The best method to consolidate credit card bills varies from person to person, depending on financial and lifestyle preferences. The best way for some to consolidate debt is to pay off smaller balances first before adding those payments onto the bigger bills until these are paid off. Others might look into consolidating your debts to one card or obtaining a consolidation mortgage through https://dedebt.com/ website. Consolidating balances to a single credit card or using loan may prove risky. This is because if you need to borrow extra money, it can be tempting use one account with a zero balance. It can quickly lead to financial difficulties as your debt increases.

Avoiding debt is possible. Here are some tips for avoiding debt.

  • To avoid extra interest, keep your balances at a low level and pay your bills promptly.
  • It’s fine to have credit cards. However, you should manage them carefully. This helps to keep a credit record. Higher credit risk are those with no credit card history.
  • With a credit consolidation loan, you can stop accumulating debt. Instead, pay the loan off.
  • Do not open multiple new credit card accounts to increase your credit. This will increase your risk of accruing more debt that you may not have the ability to repay.

Although everyone strives to manage their money properly, sometimes financial hardships are the result of job loss, medical condition or other life events. Contact your creditors or a registered non-profit agency specializing in credit counseling services if it is difficult to make ends meets. Consolidating your debt is an effective way to relieve financial stress. The longer you put off consolidating debt, the more difficult it will be. Consolidating your debt is often the best solution in these situations. A counselor will be able to assist you.

The best way to consolidate credit card debt

The best way consolidate debt is not to take on more. If you’re struggling to pay off a large amount of unsecure debt, consolidating it through a credit counseling agency would be the best choice. You don’t have to borrow more money when consolidating your bills using this method. Instead, your unsecured loans are consolidated into one monthly repayment to the agency. In turn, this pays your creditors each months. Your credit counselor works closely with your creditors to reduce your interest rates, eliminate over-limit fees, and help you avoid any additional fees.

ACCC Shows You the Best Options For Bill Consolidation

You would like to find out more about consolidating your debt. American Consumer Credit Counseling can help. Our credit counseling agency, which is non-profit, has over 22 years of combined experience. Consolidating debts has allowed thousands to be free from financial hardships. Our A+ Rating and accreditation from the Better Business Bureau demonstrates our exceptional commitment to customer service.

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Hawaiians deserve the right to determine the use of their land https://luxuryhoneybee.com/hawaiians-deserve-the-right-to-determine-the-use-of-their-land/ https://luxuryhoneybee.com/hawaiians-deserve-the-right-to-determine-the-use-of-their-land/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/hawaiians-deserve-the-right-to-determine-the-use-of-their-land/ My maternal grandparents were pure Hawaiians, and they and my mother were both manaleo, native speakers of Olelo Hawai’i. My paternal grandparents were pure Japanese immigrants from Hiroshima. Growing up in our Niuli’i sugarcane plantation community in Kohala, we were taught to honor our family, mālama la ‘āina, including the wai, to contribute to our […]]]>


My maternal grandparents were pure Hawaiians, and they and my mother were both manaleo, native speakers of Olelo Hawai’i. My paternal grandparents were pure Japanese immigrants from Hiroshima.

Growing up in our Niuli’i sugarcane plantation community in Kohala, we were taught to honor our family, mālama la ‘āina, including the wai, to contribute to our community, to work hard and to be honest in our words and actions.

These invaluable lessons have been shaped and exemplified by resilient grandparents, parents, families and the community at large, not only in times of economic downturn or natural disasters, but also in calm daily conversations and actions. of honest hard work and willful daily acts.

In 2012, the state and the OHA agreed to settle the 32-year-overdue Public Land Trust’s $ 200 million tax debt by ceding 30 acres of land on 10 plots at Kaka’ako Makai to the OHA. Mai poina – remember – the terms and the value of the settlement.

The state’s own appraiser valued the land at around $ 198 million, assuming a height limit of 400 feet for bookends E and I, located along Ala Moana Boulevard (see Figure 1).

Figure 1. – Map of Kakaako Makai

The reality is that the state transferred Plots E and I to the OHA with only a height limit of 200 feet – half of the state appraiser’s assumption – and banned residential uses in the whole region. This clearly represents unfair conditions that devalued and deactivated the true value of the 2012 “settlement”.

While there have been promises made by the executive, proposed legislative solutions, and even legal considerations, after nearly a decade of hindsight, it is hard not to feel aggrieved and that the OHA is now the beneficiary of a “less than a settlement”.

Fiduciary duty

The Kakaʻako Makai Plots are Indigenous Hawaiian trust lands, not public lands. Acceptance of the 30-acre settlement reclassified these lands from “public lands” to Native Hawaiian trust lands. Other than the value of the settlement transaction, the OHA Trustees made the best possible decision given the facts and circumstances in 2012.

In the spirit of Indigenous self-determination, Indigenous Hawaiians deserve the right to decide and be accountable for decisions made regarding Indigenous Hawaiian Trust Lands. The OHA has a fiduciary duty to determine decisions made regarding all of its managed trust lands, including Kakaʻako Makai.

The following elements inform the master plan of “A Vision – E Ku’u Kaka’ako:”

  • Our goal is to create a sense of Hawaiian belonging where our culture is lived, practiced and celebrated, as part of an integrated vision that appeals to all of our senses, especially our na’au;
  • we want to create a welcoming urban oasis where families and communities can thrive;
  • meeting the needs of Native Hawaiians;
  • apply and integrate ancestral values, wisdom and practices while also using new and emerging data that inform urban responses; and
  • perpetuate effective resource management practices.

This 2021 session, the OHA supports legislation (Senate Bill 1334) which would give us the opportunity to develop residential housing on our Kakaʻako Makai plots.

The bill would lift the residential ban on five lots (E, A, F / G, I and L) and raise the height limit to 400 feet. for two of these five lots (E and I) on boulevard Ala Moana.

As we move forward with the planning and development of our Kakaʻako lands, all we ask is the establishment of fair and equitable height and residential use considerations as contained in SB1334.

Accordingly, OHA is exploring all options to maximize revenue at Kaka’ako Makai to better serve our beneficiaries, including residential and commercial use considerations.

The ability to develop residences in Kaka’ako Makai will not only provide the OHA with increased income opportunities, but will also allow the agency to better meet a range of housing needs. We assess multi-use multi-project scenarios that include, but are not limited to, affordable housing, for labor, kupuna and market price.

While my grandparents and parents passed away and my education, work and family kept me a resident of O’ahu for over 40 years, the teachings to honor family, mālama la ‘āina, contribute to the community, working hard and being honest in our word and deed, endures regardless of people, place or politics.

To the State, through its 2021 legislature and legislators, be honest in word and deed, and restore the height and conditions of residential use of Kakaʻako Makai to truly quantify the $ 200 million settlement to Indigenous Hawaiians .



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Diamond S Shipping Inc. (DSSI) exceeds Q4 EPS in 16c, revenues beat https://luxuryhoneybee.com/diamond-s-shipping-inc-dssi-exceeds-q4-eps-in-16c-revenues-beat/ https://luxuryhoneybee.com/diamond-s-shipping-inc-dssi-exceeds-q4-eps-in-16c-revenues-beat/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/diamond-s-shipping-inc-dssi-exceeds-q4-eps-in-16c-revenues-beat/ News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. Diamond S Shipping Inc. (NYSE: DSSI) reported Q4 EPS of ($ 0.71), which is $ 0.16 better than analysts’ estimate of ($ 0.87). Revenue for the quarter was $ 90.04 million from the consensus […]]]>



News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here.


Diamond S Shipping Inc. (NYSE: DSSI) reported Q4 EPS of ($ 0.71), which is $ 0.16 better than analysts’ estimate of ($ 0.87). Revenue for the quarter was $ 90.04 million from the consensus estimate of $ 74.23 million.

Fourth Quarter Highlights and Recent Events

  • Reported net loss attributable to Diamond S of $ 57.8 million, or net loss of $ 1.45 in basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of 8 , 0 million dollars. The reported net loss includes a loss on ship sales, related to the sale of the Aias and the Amoureux, and a canceled sewage treatment plant, which in total amounted to $ 29.6 million . Excluding the loss on ship sales and the cost of the canceled scrubber project, the net loss was $ 28.2 million, or $ 0.71 per share.
  • Agreed to sell two Suezmax vessels, the Aias and the Amoureux, which were delivered to buyers in January and February 2021 respectively. The sale of the vessels generated net proceeds of approximately $ 20 million before working capital settlement.
  • Net debt as of December 31, 2020 was $ 594.4 million, implying a net debt to asset value leverage ratio of approximately 44% based on broker ratings as of December 2020. At At the end of the quarter, the total cash available to the Company above the bank’s minimum cash requirements was $ 108.1 million.

Craig H. Stevenson Jr., President and CEO of Diamond S, said, “While short-term market conditions are likely to remain challenging, positive long-term market dynamics remain unchanged. In fact, permanent shutdowns of some refineries will lead to increased demand for tankers for product tankers once conditions normalize. Overall demand for tankers is expected to increase gradually during 2021 and possibly return to pre-pandemic levels next year as product demand recovers and inventory levels normalize. Diamond S will be well positioned to create value for our shareholders as the recovery continues. Our recent sale of two Suezmax vessels highlights the disconnect between the tangible market value of our fleet and our current market capitalization. These sales also strengthen our strong liquidity position, reduce our interest costs and are consistent with our historical approach to prudent management of our balance sheet. “

Outlook

We expect the oil market to remain under pressure for the remainder of the first half of 2021. Demand for crude oil and refined products, while recovering from the lows of the second quarter of 2020, is expected to average 96 million barrels. per day, or 4 million barrels per day below pre-pandemic levels in 2021, according to OPEC. In the near term, however, the supply of tankers appears to be greater than current demand levels as improvements in consumption are offset by drawdowns from inventory.

We believe in the long term fundamentals of the oil industry. The supply of tankers remains balanced based on pre-pandemic demand levels, and the number of ships on order almost matches the number of ships that could be scrapped, based on the average useful life of a ship. We expect conditions to normalize and then gradually improve over the next 12-18 months.

As of March 5, 2021, approximately 81% of the revenue days of the crude fleet operating in the spot market in the first quarter were pegged at an average rate of approximately $ 9,200 per day. In the product fleet, 83% of revenue days operating in the spot market were fixed at an average rate of approximately $ 8,800 per day in the first quarter of 2021. The product fleet comprises a weighted average mix of vessels MR2, set at 85% of earnings days at an average rate of $ 9,100 per day, and MR1 ships, set on 72% of first quarter earnings days at an average rate of $ 6,700 per day.

We continue to monitor the effects of the COVID-19 virus on our business. The shipping industry is not only affected by the reduction in economic activity caused by the global pandemic, but our direct operations face travel restrictions and health protocols that differ in each port where we are. are called upon to provide our services or to maintain the condition of our vessels. Our crews are at the forefront of these challenges with additional health procedures for boarding and extending their contract time on board the ship to ensure safe relief for the next crew. While the Company has faced increased costs in order to support the safe transition of our crews and logistics for the delivery of services and materials to ships, we remain committed to ensuring our crews are in good health. health and safety during the operation of our vessels and the transition to and from our vessels.

For earnings history and earnings data on Diamond S Shipping Inc. (DSSI) Click here.



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State Reports 2 Cases of COVID at St. Andrew’s Episcopal School in Potomac https://luxuryhoneybee.com/state-reports-2-cases-of-covid-at-st-andrews-episcopal-school-in-potomac/ https://luxuryhoneybee.com/state-reports-2-cases-of-covid-at-st-andrews-episcopal-school-in-potomac/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/state-reports-2-cases-of-covid-at-st-andrews-episcopal-school-in-potomac/ State Reports Two Cases of COVID-19 at St. Andrew’s Episcopal School The Maryland Department of Health has started reporting COVID-19 outbreaks in public and non-public K-12 schools in the state. The state’s health department reported 13 school outbreaks on Thursday, including one in Montgomery County – St. Andrew’s Episcopal School in Potomac, which had two […]]]>


State Reports Two Cases of COVID-19 at St. Andrew’s Episcopal School

The Maryland Department of Health has started reporting COVID-19 outbreaks in public and non-public K-12 schools in the state.

The state’s health department reported 13 school outbreaks on Thursday, including one in Montgomery County – St. Andrew’s Episcopal School in Potomac, which had two positive cases of COVID-19 . [Montgomery Community Media]

Bank gives Purple Line businesses more time to settle with Maryland

The bank representing the bondholders on the construction of the Purple Line has agreed to postpone any “execution” until November 30, giving the project concessionaire more time to attempt to reach an agreement with the Status, according to project documents.

Industry experts say such a “forbearance deal” gives a borrower more time to come to a deal – in this case, for the concessionaire to try to save the $ 5.6 billion public-private partnership. project dollars – to avoid having to default on debt. [Washington Post]

Woman falls on Bethesda subway tracks

A woman fell on the tracks of the Bethesda subway on Sunday morning as a train approached.

A spokesperson for the Montgomery County Fire and Rescue Service said the woman was able to reach safety in the “safe haven area.” [WDVM]

Today’s weather

Partly cloudy, with a high around 74 and a low around 52

In case you missed it …

County tries to coordinate tougher COVID-19 restrictions with other jurisdictions

The Council finalizes its comments on the enlargement study I-495 / I-270

COVID-related violations found at several Silver Spring restaurants



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Ohio AG Yost Announces $ 6.8 Million Debt Relief for ITT Tech Students | New https://luxuryhoneybee.com/ohio-ag-yost-announces-6-8-million-debt-relief-for-itt-tech-students-new/ https://luxuryhoneybee.com/ohio-ag-yost-announces-6-8-million-debt-relief-for-itt-tech-students-new/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/ohio-ag-yost-announces-6-8-million-debt-relief-for-itt-tech-students-new/ COLUMBUS – Attorney General Dave Yost announced a multi-state settlement on Friday that will provide $ 6.8 million in debt relief to about 870 former ITT Tech students in Ohio. Nationally, the 43-state settlement will result in $ 168 million in debt relief for more than 18,000 former students. The settlement is with Student CU […]]]>


COLUMBUS – Attorney General Dave Yost announced a multi-state settlement on Friday that will provide $ 6.8 million in debt relief to about 870 former ITT Tech students in Ohio.

Nationally, the 43-state settlement will result in $ 168 million in debt relief for more than 18,000 former students.

The settlement is with Student CU Connect CUSO, LLC (CUSO), which has offered loans to fund student tuition at ITT Tech, a bankrupt for-profit college. ITT filed for bankruptcy in 2016 following investigations by state attorneys general and following action by the US Department of Education to restrict ITT’s access to federal aid to students. CUSO’s loan program generated approximately $ 189 million in student loans to ITT students between 2009 and 2011.

“These students were misled, pressured and at times threatened to borrow from this lender,” Yost said. “They have had to carry the weight of these unreasonable loans for far too long, but today they can finally breathe a sigh of relief.”

A related settlement between CUSO and the US Bankruptcy Trustee was approved on June 14. Settlement with the Attorneys General also depends on Federal Court approval of another related settlement between CUSO and the Consumer Financial Protection Bureau, which is also announced today.

Attorneys General alleged that ITT, to CUSO’s knowledge, offered students temporary credit upon enrollment to cover the gap between tuition fees and the total cost of education. The credit repayment was due before the student’s next academic year, although ITT and CUSO knew or should have known that most students would not be able to repay it at that time.

Many students thought that the temporary credit was like a federal loan and that it would not be due until six months after graduation. When the credit was due, however, ITT pressured students to take loans from CUSO, which for many students carried high interest rates, well above federal loan rates.

ITT’s pressure tactics included withdrawing students from classes and threatening to expel them if they did not agree to the loan terms. Because students had the choice of accepting a loan from CUSO or giving up and losing all the credits they had earned – ITT credits would not transfer to most other schools – most students signed up for CUSO loans.

Neither ITT nor CUSO told students the true cost of repaying the temporary credit until the credit was converted into a loan. The default rate on CUSO loans was extremely high (expected to exceed 90%) due to the high cost of loans and the difficulties ITT graduates face in finding jobs paying enough to make repayment possible. Delayed loans continue to affect the credit scores of former students and are generally not dischargeable in bankruptcy.

According to the settlement, CUSO, under threat of litigation, agreed to waive collection of overdue loans. CUSO, which was incorporated for the sole purpose of providing ITT loans, will also cease operations. CUSO’s Loan Manager will notify borrowers of the canceled debt and ensure that automatic payments are canceled. The regulations also require CUSO to provide credit reporting agencies with information to update the credit information of affected borrowers.

Former students affected by the settlement will receive notices containing more information about their rights. Those with questions can contact Attorney General Yost’s office by calling 800-282-0515.

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Trump says he wants to ‘hug everyone’ at first lopsided rally since COVID-19 diagnosis https://luxuryhoneybee.com/trump-says-he-wants-to-hug-everyone-at-first-lopsided-rally-since-covid-19-diagnosis/ https://luxuryhoneybee.com/trump-says-he-wants-to-hug-everyone-at-first-lopsided-rally-since-covid-19-diagnosis/#respond Fri, 07 May 2021 04:37:43 +0000 https://luxuryhoneybee.com/trump-says-he-wants-to-hug-everyone-at-first-lopsided-rally-since-covid-19-diagnosis/ Love is in the air, and so is COVID-19. © Evan Vucci President Donald Trump President Trump told his supporters in Florida on Monday night that he wanted to give them all “a big big kiss” after falsely insisting he had developed immunity to the coronavirus. Loading error “I’ve been there and now they say […]]]>


Love is in the air, and so is COVID-19.



Donald Trump et al.  standing in front of a crowd: President Donald Trump


© Evan Vucci
President Donald Trump

President Trump told his supporters in Florida on Monday night that he wanted to give them all “a big big kiss” after falsely insisting he had developed immunity to the coronavirus.

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“I’ve been there and now they say I’m immune. I feel so powerful. I’ll go in there, I’ll hug everyone in this audience, ”Trump said on stage in Sanford, Fla., During his first campaign rally since being diagnosed with the virus on Oct. 1. “I’m going to kiss guys and beautiful women, just give each other a big big kiss.”

Trump’s reckless claims go against the guidelines of federal public health agencies, including the Centers for Disease Control and Prevention.

The CDC says there is no evidence that immunity can be developed against COVID-19.

In fact, the CDC says it’s fair to assume immunity isn’t possible, as researchers have found that people can catch the deadly virus more than once.

But Trump – who did not wear a mask for his boisterous return to the election campaign – urged his supporters at Monday night’s rally to ‘get out’ more, as the U.S. coronavirus death toll surpassed 215,000.

Video: President Trump: White House Doctors Said I Could No Longer Spread The Virus (FOX News)

“You have to get out, and it’s risky, it’s risky, but you have to get out,” Trump said to the roars of his supporters, few of whom were wearing face masks. “It gives you a good feeling when you can beat something and now they say you’re immune.”

Trump’s resumption of the campaign in person comes despite concerns that he could still be contagious.

The CDC says COVID-19 patients who suffer from severe symptoms – which Trump did – can be contagious for “up to 20 days.”

Trump’s Florida rally came just 12 days after his initial diagnosis.

Still, Dr. Sean Conley, Trump’s personal physician, released a memo ahead of the rally saying the president “is not contagious to others.”

Conley said he arrived at this assessment after Trump recently tested negative “on consecutive days,” although he did not specify what that meant, causing confusion over the timing of the alleged results of the tests.

Trump plans to hold election rallies almost every day this week in a number of critical battlefield states, as polls show him beating Joe Biden in all areas just three weeks away from the election. November 3.

In addition to making false claims about COVID-19 immunity, Trump spent much of the rally describing Biden as a “puppet” of radical left forces, even though the former vice president has opinions clearly centrist on most political fronts.

“These people are crazy. We have to win, ”Trump said. “Biden ceded control to socialists, Marxists and left-wing extremists. “

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