Capital Savings – NTBA Mainstreet http://ntbamainstreet.org/ Sat, 12 Jun 2021 01:14:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://ntbamainstreet.org/wp-content/uploads/2021/03/ntbamainstreet-icon-70x70.png Capital Savings – NTBA Mainstreet http://ntbamainstreet.org/ 32 32 Black Press Media winners take gold at British Columbia and Yukon Journalism Awards – Coast Mountain News https://ntbamainstreet.org/black-press-media-winners-take-gold-at-british-columbia-and-yukon-journalism-awards-coast-mountain-news/ Sat, 12 Jun 2021 00:16:00 +0000 https://ntbamainstreet.org/black-press-media-winners-take-gold-at-british-columbia-and-yukon-journalism-awards-coast-mountain-news/

Organized by the BC & Yukon Community News Media Association, the awards honor and celebrate the work of community journalists across the province for advertising, photography, writing and overall newspaper excellence.

The winners were announced in a virtual ceremony on Friday June 10.

Here are the Black Press Media winners: (gold in bold, ranked in order)

JOURNAL AWARD OF EXCELLENCE, CATEGORY A

• Eagle Valley News (silver)

• North Thompson Times (bronze)

JOURNAL AWARD OF EXCELLENCE, CATEGORY B

• Revelstoke review

• 100 Mile House Free Press (silver)

JOURNAL AWARD OF EXCELLENCE, CATEGORY C

• News from the inside (silver)

• Salmon Arm Observer (bronze)

JOURNAL AWARD OF EXCELLENCE, CATEGORY D

• News from the Alberni Valley (silver)

• Williams Lake Tribune (bronze)

JOURNAL AWARD OF EXCELLENCE, CATEGORY F

• News from the Ark of Peace

• Vernon Morning Star (silver)

• Langley Advance Times (bronze)

JOURNAL AWARD OF EXCELLENCE, CATEGORY G

• Surrey Now-Leader

ARTS & CULTURE WRITING PRIZE

• Langley Advance Times, Ryan Uytdewilligen – Friday afternoon music

CHRONICLE AWARD Aberdeen Publishing

• Langley Advance Times, Matthew Claxton – The Painful Truth (Silver)

• The Similkameen Spotlight, Andrea DeMeer – New Old Dog Stuff (Bronze)

Black Family EDITORIAL AWARD

• Parksville / Qualicum Beach News, Philip Wolf – Cold Weather Woes

• Cowichan Valley Citizen, Andrea Rondeau – Fire inspections

• Hope Standard, Emelie Peacock – Cat Killers

ENVIRONMENTAL INITIATIVE AWARD

• North Island Gazette, Zoe Ducklow – What is 7 Mile Landfill doing with your recycling? (silver)

• Nelson Star, Bill Metcalfe – Young climate strikers turn 53 weeks (bronze)

ENVIRONMENTAL WRITING AWARD

• Abbotsford News, Tyler Olsen – Is the danger of the quarry reason enough to remove the scarce (money)

Peregrine falcon nesting site?

• Revelstoke Review, Liam Harrap – Talking Garbage, Saving Bears (bronze)

ARTICLE PRICE, OVER 10,000

• Chilliwack Progress, Jenna Hauck – Daddy saves two daughters after truck dives in

Cultus Lake (silver)

SUBSTANTIVE ITEM PRICE, LESS THAN 10,000

• Nelson Star, Tyler Harper – Dangerous Oasis

• Revelstoke Review, Jocelyn Doll, Liam Harrap – Out of the Shadows (silver)

• Ashcroft Cache Creek Journal, Barbara Roden – Small communities can be a big help

Alzheimer’s journey (bronze)

FEATURE SERIES PRICE

• Victoria News, Katherine Engqvist, Nina Grossman, Nicole Crescenzi, Kendra Crighton – Mental Health: A Look at a Fractured System (Silver)

• Peace Arch News, Aaron Hinks – A parallel pandemic (bronze)

John Collison MEMORIAL AWARD FOR INQUIRY JOURNALISM

• The Similkameen Spotlight, Andrea DeMeer – Sex offender on parole lives near Princeton School

Neville Shanks MEMORIAL AWARD FOR HISTORICAL WRITING

• Hope Standard, Emelie Peacock – The Coming Story

OUTDOOR LEISURE WRITING AWARD

• Nelson Star, Tyler Harper – Lily and the Lake

• Hope Standard, Emelie Peacock – Mosquitoes, Mountain View & Trail Magic (Silver)

SPORTS WRITING AWARD

• Yukon News, John Hopkins-Hill – Cover of Yukon Quest

• Chilliwack Progress, Eric Welsh – Laing’s life changed forever with a blow to the head (silver)

FEATURED PHOTO AWARD, OVER 10,000

• Yukon News, Crystal Schick – Ice Spirals

• Cloverdale Reporter, Malin Jordan – Cloverdale’s mother meets a driver involved in an accident that killed her son (bronze)

FEATURED PHOTO AWARD, UNDER 10,000

• Nelson Star, Tyler Harper – Ida and Lily take a break

• Hope Standard, Jessica Peters – Never Too Soon (Silver)

• Williams Lake Tribune, Monica Lamb-Yorski – Seniors Center Parking Lot Café Has Success (Bronze)

PHOTO TRIAL PRICE

• Yukon News, Crystal Schick – A look at the COVID-19 drive-thru test facility

• Oak Bay News, Travis Paterson, Dan Ebenal, Christine Van Reeuwyk, Katie Engqvist – A Day in the Life of Oak Bay (bronze)

PORTRAIT / PERSONALITY PHOTO AWARD

• Kelowna Capital News, Phil McLachlan – Kelowna World War II veteran reflects (silver)

SPORTS PHOTO PRIZE, OVER 10,000

• Cowichan Valley Citizen, Kevin Rothbauer – Fourth Island Title for Brentwood (Silver)

• Peace Arch News, Aaron Hinks – Runners finish Boston Marathon in South Surrey (bronze)

SPORTS PHOTO PRIZE, LESS THAN 10,000

• North Island Gazette, Bill McQuarrie – “Spacecapades” Ice Carnival

• Cariboo Observer, Lindsay Chung – The musher and the courier (silver)

• Hope Standard, Barry Stewart – For the Love of Hockey (bronze)

SPOT NEWS PHOTO AWARD, UNDER 10,000

• Hope Standard, Emelie Peacock – Potash Crash

• Williams Lake Tribune, Angie Mindus – Ville, volunteers scramble to save infrastructure (money)

• The Northern View, KJ Millar – Downtown Devastation (bronze)

KPU PRICE VIDEO FUNCTIONALITY

• Vernon Morning Star, Jennifer Smith – Former students of the Vernon Girls trumpet group

• Victoria News, Arnold Lim – Victoria Native Friendship Center (silver)

• Saanich News, Devon Bidal – Students make necklaces to raise funds for injured Saanich girl (bronze)

MULTIMEDIA KPI NEWS PRICE

• Williams Lake Tribune, Angie Mindus, Monica Lamb-Yorski – Flood causes state of emergency

• Kelowna Capital News, Twila Amato, Michael Rodrurez, Jen Zielinski – Police confirm man was shot dead at Ramada Hotel, search for suspect continues (silver)

KPU MULTIMEDIA HISTORY AWARD

• North Island Gazette, ZoeDucklow – Baby Salmon in a Safe Haven on North Vancouver Island (Silver)

• Comox Valley Record, Erin Haluschak – “Anyone Knows Something”: A Look at Vancouver Island’s Missing Persons (bronze)

COVID COVERAGE – EDITORIAL, OVER 10,000

• Campbell River Mirror, Alistair Taylor, Mike Davies, Marc Kitteringham, Binny Paul – Dealing with COVID

• Kelowna Capital News, Phil McLachlan – Thoughts from the front lines

COVID COVERAGE – EDITORIAL, UNDER 10,000

• Nelson Star, Tyler Harper – Ramadan during a pandemic

• Ashcroft Cache Creek, Barbara Roden – Many big city shoppers flock to smaller towns for supplies

• Lake Country, Jennifer Smith – Local scientist first to take photo of COVID-19

Eric Dunning AWARD FOR DEDICATION AND SERVICE TO THE COMMUNITY NEWSPAPERS INDUSTRY

• Vernon Morning Star, Glenn Mitchell

Capital savings on the coast NEW JOURNALIST OF THE YEAR

• Vernon Morning Star, Brendan Shykora

• Saanich News, Devon Bidal

• Yukon News, Gabrielle Plonka

SPECIAL PUBLICATIONS AWARDS, OVER 10,000

• Comox Valley Record, Erin Haluschak – Trio Magazine (silver)

• Maple Ridge-Pitt Meadows News – Lisa Farquharson and Team – Bijou (Bronze)

PRICE OF SPECIAL PUBLICATIONS, LESS THAN 10,000

• Revelstoke Review – Myles Williamson, Josh White, Tammy Robinson and Anthony Cassell – The Hungry Toque

• Oak Bay News, Janet Gairdner, Susan Lundy, Lia Crowe, Michelle Gjerde – Tweed Magazine, winter issue (bronze)

SPECIAL SECTION AWARD, OVER 10,000

• Goldstream News-Gazette, Michelle Cabana and the team – We remember the courage

• Langley Advance Times Team – Heroes in Education (bronze)

SPECIAL SECTION PRICE, LESS THAN 10,000

• Revelstoke Review, Jocelyn Doll, Liam Harrap, Myles Williamson, Sydney Watt – Women of inspiration

• Alberni Valley News, Teresa Bird, Susie Quinn, Elena Rardon, Rachel Theus – We Will Remember Them (Silver)

Like us on Facebook and follow us on Twitter.

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UPS adds dynamic routing to ORION, saving 2-4 miles per driver https://ntbamainstreet.org/ups-adds-dynamic-routing-to-orion-saving-2-4-miles-per-driver/ Fri, 11 Jun 2021 15:45:31 +0000 https://ntbamainstreet.org/ups-adds-dynamic-routing-to-orion-saving-2-4-miles-per-driver/

Dive brief:

  • UPS is expected to complete an upgrade to its on-road integrated navigation and optimization technology known as ORION in July, said chief information and engineering officer Juan Perez. during the company’s investor day this week.
  • The upgrade, called “dynamic ORION,” allowed the company to reduce driver routes by an average of two to four miles per driver, Perez said, adding that the original ORION implementation resulted in a eight mile reduction per driver. The new system is already in use by 97% of the van fleet that uses ORION.
  • “The new features present our drivers with re-optimized routes based on changing conditions and provide them with step-by-step instructions to reduce excess miles,” he said.

Dive overview:

Logistics companies are more interested in route planning as packages flow through their networks. The increases in volume prompted them to find the most efficient way to get them delivered to their final destination. For UPS, it’s a job that has lasted for decades.

UPS tested its ORION algorithm between 2003 and 2009, with pilot tests carried out on eight sites between 2010 and 2011, according to the company.

The rollout dynamic routing upgrade began rolling out in the fall of last year, between September and October, according to Matthew O’Connor, a spokesperson for UPS.

In previous versions of ORION, drivers’ routes were downloaded to their handhelds – known as the delivery information acquisition device – before they left the facility for the day. Now, dynamic routing allows these routes to be automatically updated throughout the day.

“So if we have a pickup request coming in, you don’t need to have a supervisor call the driver to say, ‘Hey, can you please include this pickup'”, O’Connor said. Dynamic Routing will automatically add pickup and modify the route to include it in the most efficient way possible.

Amazon is also looking for upgrades to its routing algorithm and is using a contest and the $ 100,000 prize promise to get outside help. Amazon specifically wants to find a way for the algorithms to retrieve the knowledge gained from a delivery driver, such as where to park and how best to avoid traffic in particular neighborhoods.

“Cities in particular are becoming more and more complex to operate,” Matthias Winkenbach, director of the Megacity Logistics Lab at the Massachusetts Institute of Technology, said in February of the Amazon competition. “They are more and more crowded, more and more dense, it becomes more and more difficult to deliver goods efficiently in the city.” Amazon has partnered with MIT for the competition.

Cost savings are one of the main reasons companies turn to route planning tools: driving less means less fuel. But companies often promote the investment by emphasizing its advantages in terms of sustainability.

“It naturally follows that if you decrease the number of kilometers, you decrease the amount of fuel burned and therefore carbon. The incentives are perfectly aligned when it comes to cost savings and greening,” Neil Menzies, managing director of LEK Consulting, said earlier this year.

But planning considerations for UPS go beyond the last mile routing offered by ORION. UPS also strives to achieve efficiencies before packages reach delivery trucks, with its network planning tools and harmonized business analysis tool. The analytics tool connects multiple data sources and allows it to see how packages flow through its facilities, O’Connor said.

“It basically allowed us to create a digital twin of real-time parcel flow,” he said.

The tool examines variables such as the size, type and final location of the package. And, like the routing performed by ORION, it determines the most efficient way to travel from point A to point B through the UPS facilities.

Perez noted that the benefits of this type of routing were evident when the country was hit by a severe winter storm in February.

“[Network Planning Tools] helped us minimize grid disruption by applying advanced analytics to help us route volume around affected areas, adapt to changes in volume and ensure we deliver capacity where it is ultimately needed, ”said he declared.

If the roads are impassable, the system will redirect packages through the network to avoid those areas, O’Connor explained.

UPS plans to make more upgrades to its network planning tools platform later this year with enhanced movement and planning optimization capabilities.

The logistics company strives to optimize the efficiency of its network at a time of increasing demand. He expects the average daily volume to increase by almost 20% between 2020 and 2023, CEO Carol Tomé said this week.

“We expect global demand for small-plan services to exceed industry capacity over the next several years,” Tomé said.

She described other efforts, including investments in automation and weekend delivery that “add capacity without adding capital investment.” Using data analytics to reduce kilometers driven also seems to be an integral part of this strategy.


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WSFS and BMTC Receive Shareholder Approval to Merge https://ntbamainstreet.org/wsfs-and-bmtc-receive-shareholder-approval-to-merge/ Thu, 10 Jun 2021 20:59:58 +0000 https://ntbamainstreet.org/wsfs-and-bmtc-receive-shareholder-approval-to-merge/

WILMINGTON, Del. and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) – WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective shareholders have approved the announced merger of BMTC into WSFS at a special meeting of shareholders of each company.

“The approval of the shareholders of the two companies is another important step in our combination which will make WSFS one of the only banks headquartered in the region with local market knowledge, local decision-making, a track record for compete with the biggest banks and a full-service product line, including a premier wealth management company, ”said Rodger Levenson, Chairman, President and CEO of WSFS.

Subject to required regulatory approvals and other conditions being met, the parties expect to complete the merger in the fourth quarter of 2021. The planned system conversion and rebranding of the Bank is expected to occur in January 2022.

About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion dollar financial services company. Its principal subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company, headquartered in Delaware and the greater Philadelphia area. As of March 31, 2021, WSFS Financial Corporation had $ 14.7 billion in assets on its balance sheet and $ 24.7 billion in assets under management and administration. WSFS operates from 111 offices, 88 of which are bank offices, located in Pennsylvania (51), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides services comprehensive financial services, including commercial banking, banking, treasury management, and fiduciary and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Cash Connect®, Cypress Capital Management, LLC (Cypress), Christiana Trust Company of Delaware®, NewLane Finance®, Powder mill® Financial Solutions, West Capital Management®, WSFS Institutional Services®, WSFS mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States operating permanently under the same name. For more information, please visit www.wsfsbank.com.

About Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation (NASDAQ: BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889 and is headquartered in Bryn Mawr, Pennsylvania. BMT is a leading, locally managed financial services company providing retail and commercial banking services; administration of trusts and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $ 4.9 billion in corporate assets and $ 20 billion in wealth assets under management, administration, supervision and brokerage (as of 03/31/21). Today, the company operates 39 bank branches, seven (7) wealth management offices and two (2) insurance and risk management branches in the following counties: Montgomery, Chester, Delaware, Philadelphia and Dauphin County in Pennsylvania; New Castle County in Delaware; and the counties of Mercer and Camden in New Jersey. For more information, please visit bmt.com.

Forward-looking statements
This press release contains estimates, predictions, opinions, projections and other “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements on Impact WSFS and BMTC expects that the proposed merger will have an impact on the operations, financial condition and financial results of the combined entity, as well as on the expectations of WSFS and BMTC regarding their capacity. to successfully integrate their respective businesses and the amount of cost savings and overall operational efficiency that WSFS and BMTC expect to achieve as a result of the proposed acquisition. Forward-looking statements also include predictions or expectations of future business or financial performance as well as goals and objectives for future operations, financial and business trends, business prospects, and management’s prospects or expectations for profits, revenues. , expenses, capital levels, liquidity levels, quality of assets or other future financial or business performance, strategies or expectations. The words “believe”, “intend”, “expect”, “anticipate”, “the strategy”, “plan”, “estimate”, “approximately”, “target”, “plan”, ” propose ”,“ possible ”,“ potential ”,“ should ”and similar expressions, among others, generally identify forward-looking statements. These forward-looking statements are based on various assumptions (many of which are beyond the control of WSFS and BMTC) and are subject to risks and uncertainties (which change over time) and other factors that could cause the actual results differ significantly from those currently anticipated. These risks and uncertainties include, but are not limited to, the possibility that the proposed acquisition will not be completed on time or not at all because required regulatory or other approvals and other closing conditions are not received or met. timely or not at all; delay or failure of closure for any other reason; changes in the WSFS share price prior to closing; the outcome of any legal proceedings that may be brought against WSFS or BMTC; the occurrence of any event, change or other circumstance that may give rise to the option of one or both parties to terminate the merger agreement providing for the merger; the risk that the activities of WSFS and BMTC will not be successfully integrated; the possibility that the cost savings and synergies or other benefits expected from the proposed acquisition will not be fully realized or may take longer than expected to be realized; a disruption due to the proposed acquisition making it more difficult to maintain relationships with employees, customers or other parties with whom WSFS or BMTC does business; the diversion of management time on merger-related issues; risks relating to the potential dilutive effect of the common shares of WSFS to be issued in connection with the proposed transaction; the reaction to the proposed transaction from customers, employees and counterparties of companies; uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic on WSFS, BMTC and the proposed transaction; and other factors, many of which are beyond the control of the WSFS and BMTC. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of WSFS Annual Report on Form 10-K for the year ended December 31, 2020, report BMTC Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and any updates to the risk factors set out in WSFS and BMTC Quarterly Reports on Form 10-Q, Current Reports on Form 8 -K and other documents, which have been filed by WSFS and BMTC with the SEC and are available on the SEC’s website at www.sec.gov. All forward-looking statements, express or implied, included herein are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Actual results or anticipated developments may not be realized or, even if substantially realized, they may not have the consequences or expected effects on WSFS, BMTC or their respective activities or operations. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Neither WSFS nor BMTC undertakes, and specifically disclaims any obligation, to revise or update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as specifically required by law.

Investor Relations Contact: Dominique C. Canuso
(302) 571-6833
dcanuso@wsfsbank.com
Media contact: Rebecca Acevedo
(215) 253-5566
racevedo@wsfsbank.com


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Gardner Capital completes construction of Tennyson Manor, a new senior housing complex in Enid, Oklahoma https://ntbamainstreet.org/gardner-capital-completes-construction-of-tennyson-manor-a-new-senior-housing-complex-in-enid-oklahoma/ Thu, 10 Jun 2021 02:45:04 +0000 https://ntbamainstreet.org/gardner-capital-completes-construction-of-tennyson-manor-a-new-senior-housing-complex-in-enid-oklahoma/

DALLAS, June 9, 2021 / PRNewswire / – Gardner Capital, a private equity firm specializing in the development and investment of multi-family housing and renewable energy, today announced that it has completed construction of Tennyson Manor in Enid, Oklahoma and is fully leasing the new development.

Newly completed senior living complex, Tennyson Manor located in Enid, OK

Located at 1201 S. Wheatridge Road, the development offers new one and two bedroom apartments specially built for seniors and will provide tenants with modern amenities such as electric vehicle (EV) charging stations in the new complex.

“Gardner Capital plans to add electric vehicle charging stations in the near future that will allow tenants to access electric vehicle charging at a greatly reduced rate, representing significant savings for all future tenants with electric cars, ”said Mike Koehler, Chief of Staff and Director of Solar Development at Gardner Capital. “We are pleased to be able to offer tenants electric vehicle charging rates at a reduced price thanks to the flexible financing provided by the GCRE Impact Fund. “

The development was made possible thanks to multiple financial and other partners, including Red Stone Equity Partners and Legacy Bank & Trust Company.

Seldin Companies is Tennyson Manor’s on-site property manager and is currently accepting applications online at seldin.com/tennysonmanor.

About the GCRE Impact Fund

Launched in 2020, the GCRE Impact Fund provides low-interest loans and grants to initiatives focused on upward mobility, renewable energy, electric vehicle adoption, or initiatives focused on investing in otherwise underserved markets. The Fund is expected to commit more than $ 500,000 annually for programs that align with the Fund’s investment objectives and guidelines. For more information or to inquire about funding opportunities, please visit GCRE Impact Fund – Funding Page.

About Gardner Capital

Gardner Capital is a private equity firm with multiple operating activities focused on the development of affordable housing and renewable energy, tax credit syndication, as well as real estate investments, joint ventures and partner structures. financial. The company has offices in Saint Louis, Dallas, Houston and Orlando. Since 1992, Gardner Capital has placed more than $ 3 billion equity in affordable housing and related investments. In recent years, Gardner Capital has added a rapidly growing national platform for solar development and investments, expanding its commitment to renewable energy and sustainability through its investment platform. In addition, the company has launched several alternative investment funds focused on the adoption of renewable energy and electric vehicles, upward mobility and investments in underserved markets. We are committed to investing in communities, creating upward mobility and improving the well-being of families by developing, investing and raising capital for affordable housing and clean energy businesses.

For more information visit www.gardnercapital.com.

Company details :

Mike Koehler
Chief of Staff and Director of Solar Development for Gardner Capital
(314) 561-6065
mkoehler@gardnercapital.com

Media contacts:

Amy Power/Stacey Gaswirth
The Power group for Gardner Capital

Cision

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/gardner-capital-completes-construction-of-tennyson-manor-a-new-senior-housing-development-in-enid-oklahoma-301309649.html

SOURCE Gardner Capital


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4 reasons why I don’t invest in crypto https://ntbamainstreet.org/4-reasons-why-i-dont-invest-in-crypto/ Wed, 09 Jun 2021 11:00:11 +0000 https://ntbamainstreet.org/4-reasons-why-i-dont-invest-in-crypto/

A lot of people are jumping on the cryptocurrency bandwagon. Here is why I am not.

I’ve never been one to follow the trends. In high school, whenever my friends got together to discuss the latest TV show, celebrities, or fashion, I would usually hide in a corner or stay home and just read a book. As an adult I’m not much different, and I’m also the type to stay off the internet when it’s not necessary to do my job. Despite the increasing popularity of cryptocurrency, I am not interested in buying it at the moment, although it is super trendy. Here are some of the reasons why.

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1. I don’t fully understand it

At a basic level, I understand what cryptocurrency is – the digital currency that you can exchange or use to buy things where it’s accepted. I also understand that you store it in a digital wallet and that there are specific exchanges where you can buy it. But on a deeper level, I don’t fully understand what causes cryptocurrency to gain or lose value, and the details of why some coins are better than others (other than the fact that they are perhaps better known and therefore more widely accepted). As a rule of thumb, I never buy a stock if I don’t understand how the company behind it makes money – so as an extension of this rule, I think I should stay away from crypto until I learn more about it.

2. I am not convinced that it will become widely accepted for payment.

Although a growing number of traders are using cryptocurrency as a form of payment, for the most part you still cannot buy things with it. I can’t, for example, walk into my local supermarket and cover my grocery bill with crypto. I also cannot use Bitcoin to refuel my car at the gas station. Until I see a wider use for it, I’d rather stay away.

3. The taxes behind it don’t work for me

When I acquire a dollar and then spend it, I am not taxed on that dollar, but if I buy cryptocurrency and use it, I might be subject to income taxes. capital if the value of the currency has increased. I find that I already pay enough taxes, so I don’t necessarily want to invest in a way that will increase my tax burden.

4. It’s volatile

There is no such thing as a risk-free investment. Even so-called safe investments like bonds can lose value if the companies behind them go bankrupt. Whenever I invest my money rather than putting it in a savings account, I accept the risk of loss at some point. And since I invest in stocks regularly, I am no stranger to temporary losses on my brokerage account. But while stocks can be very volatile, so far, from what I’ve seen, the cryptocurrency market is subject to even greater fluctuations. I consider myself to have a fairly healthy appetite for risk, but I don’t know if I have the stomach to invest in cryptocurrency.

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Cryptocurrency can be a great investment opportunity for some people, provided they know and understand the risks. But I’m just not a fan, so I don’t plan on investing in it any time soon. Granted, I might change my mind if the market becomes more regulated (which can be a good thing or a bad thing) or if my investment strategy, my finances or my goals change. But for now, I stay away.


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The sale of a pavilion will save Palomar Health $ 2 million per year in rentals https://ntbamainstreet.org/the-sale-of-a-pavilion-will-save-palomar-health-2-million-per-year-in-rentals/ Tue, 08 Jun 2021 22:34:34 +0000 https://ntbamainstreet.org/the-sale-of-a-pavilion-will-save-palomar-health-2-million-per-year-in-rentals/

The Pomerado ambulatory care pavilion adjacent to Palomar Medical Health Poway has been sold, which hospital district officials say will result in an annual saving of approximately $ 2 million in lease payments.

The 160,000 square foot pavilion houses medical offices – including those of the Arch Health Medical Group – and the Jean McLaughlin Women’s Center. While on the Palomar Health campus, since the pavilion opened in 2008, Palomar Health rents the pavilion which has been built and is owned by another company.

Derryl Acosta, director of public relations for Palomar Health, said Ventas was the most recent owner and sold the building to Healthcare Realty. A lease clause from Palomar Health saved the public medical district about $ 2 million in annual lease payments as a result of the sale.

Cushman & Wakefield announced they have negotiated the sale. Officials said in a press release that the purchase price and terms of the transaction in the listed Real Estate Investment Trust are confidential, but the total value of the transaction has exceeded $ 100 million.

Travis Ives, Managing Director of the Healthcare Capital Markets team at Cushman & Wakefield, represented Palomar Health in the transaction and assisted the district in exercising and granting the option to buy in the ground lease, assess buyers of potential replacement, select a replacement buyer and negotiate the new head lease for the building.

“This transaction marks the culmination of a long-term strategy that we have designed with Diane Hansen, CEO of Palomar Health, since 2016,” said Ives. “Faced with a long-term lease with above-market rents, Diane was looking for a solution to reduce the lease obligation and access the capital needed for leasehold improvements. The new head lease is expected to save the health care system over $ 2 million per year, in addition to providing immediate access to capital for leasehold improvements to expand services in the building.

“We are very pleased with the positive outcome of this transaction and appreciate the strategic guidance and advice received from Travis and the Cushman & Wakefield team throughout the process,” said Hansen. “The savings and access to new capital will support our commitment to providing the best care to the communities we serve while being good stewards of district assets. We look forward to expanding our services to this location and enjoying a new partnership with an experienced owner of medical office buildings.


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Business News | Stock market and stock market news https://ntbamainstreet.org/business-news-stock-market-and-stock-market-news/ Tue, 08 Jun 2021 04:44:05 +0000 https://ntbamainstreet.org/business-news-stock-market-and-stock-market-news/



Through




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OpGen submits updated 510 (k) abstract to FDA and https://ntbamainstreet.org/opgen-submits-updated-510-k-abstract-to-fda-and/ Mon, 07 Jun 2021 11:30:00 +0000 https://ntbamainstreet.org/opgen-submits-updated-510-k-abstract-to-fda-and/

ROCKVILLE, Maryland, June 07, 2021 (GLOBE NEWSWIRE) – OpGen, Inc. (Nasdaq: OPGN, “OpGen”), a precision medicine company harnessing the power of molecular diagnostics and computing to fight infectious disease , today announced that it has submitted an updated 510 (k) discussion paper to the US FDA for its Acuitas AMR Gene Panel for Isolates. This document incorporates all updates requested by the FDA for various key documents such as package insert, electronic user guide, and operator’s manual. In accordance with the timeline previously communicated by the FDA, the FDA provided substantive comments on all of these key documents by the end of May. The FDA previously informed OpGen that it intends to complete its review by the end of August 2021, but that it cannot commit to a timeline and that timeline may be affected by various factors, including including FDA’s other workload and public health priorities.

Oliver Schacht, CEO of OpGen commented: “We are delighted to see the excellent progress we have been able to make towards the completion of our Acuitas AMR gene panel for isolate repositories with the FDA and the beautiful pace of FDA responses and valuable contributions that move us much closer to reaching a final FDA clearance decision point in the coming months. “

OpGen also recently completed the move of its US headquarters, laboratories and operations as well as its warehouse to its new facility based in Rockville, Maryland. The Company plans to register this newly constructed facility with the FDA and other relevant authorities for future business operations in the United States. The new 10,000 square foot facility marks the completion of business integration and will result in net savings of approximately $ 600,000 per year in future years in terms of operating efficiency and lower rents.

Given the recent new installations of Unyvero in Q1 and 2021 as well as the expected strong demand for additional Unyvero system locations in the coming quarters, OpGen has also ordered 30 additional Unyvero analyzers from its subsidiary Curetis and will be relocating them. in its American warehouses in the coming weeks. Going forward, all Unyvero cartridges as well as Acuitas consumables will be stored and shipped directly from the new Rockville-based facility.

About OpGen, Inc.

OpGen, Inc. (Gaithersburg, MD, USA) is a precision medicine company harnessing the power of molecular diagnostics and bioinformatics to fight infectious disease. Together with subsidiaries, Curetis GmbH and Ares Genetics GmbH, we develop and market molecular microbiology solutions that help guide clinicians with faster, actionable information on life-threatening infections to improve patient outcomes and reduce the spread infections caused by multidrug-resistant microorganisms. , or MDROs. OpGen’s product portfolio includes Unyvero®, Acuitas® AMR Gene Panel and Acuitas® Lighthouse, as well as the ARES technology platform including ARESdb®, using NGS technology and AI-powered bioinformatics solutions for prediction of response to antibiotics.

For more information, please visit www.opgen.com.

Forward-looking statements

This press release includes statements regarding a possible FDA clearance decision for OpGen’s AMR AMR gene panel in the United States. These and other statements regarding OpGen’s Unyvero products, their marketing and launch, their future plans and objectives constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of Securities Exchange Act of 1934 and are intended to qualify for the Safe Harbor of Responsibility established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which are often difficult to predict, are beyond our control, and which may lead to results that differ significantly from expectations. Factors that could cause our results to differ materially from those described include, without limitation, our ability to successfully, timely and cost-effectively develop, seek and obtain regulatory clearance to and market our offerings of products and services, the rate of adoption of our products and services by hospitals and other healthcare providers, the fact that we may not effectively use the proceeds of recent financings, including our November 2020 private placement, the exercise and exchange of warrants registered in February 2021 and March 2021, the realization of the expected benefits of our business combination transaction with Curetis GmbH, the success of our marketing efforts, the impact of COVID -19 on the operations, financial results and marketing efforts of the Company as well as on the capital markets and conditions general economic conditions, the effect on our business of and new regulatory requirements, as well as other economic and competitive factors. For a discussion of the most important risks and uncertainties associated with OpGen’s business, please see our filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. We assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

OpGen:
Olivier Schacht
President and CEO
InvestorRelations@opgen.com

OpGen press contact:
Matthew Bretzius
Marketing and public relations FischTank
matt@fischtankpr.com

Contact for OpGen investors:
Megan Paul
Edison Group
mpaul@edisongroup.com


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Longer wait for residents as Delhi slum rehabilitation hits political roadblock https://ntbamainstreet.org/longer-wait-for-residents-as-delhi-slum-rehabilitation-hits-political-roadblock/ Sun, 06 Jun 2021 17:32:32 +0000 https://ntbamainstreet.org/longer-wait-for-residents-as-delhi-slum-rehabilitation-hits-political-roadblock/

New Delhi: For Abdul Hameed, 42, a daily bet, the possibility of owning a house in the national capital became a reality when he deposited Rs1.42 lakh with the Delhi Urban Shelter Improvement Board (DUSIB) of the government of Delhi in 2019, for allocation of a house as part of the rehabilitation policy.

Today, when the bank has started deducting down payments on the loan he took out, his dream is still far from coming true. “For three months, a monthly payment of 2,1,65 is deducted from my account. But we don’t know when we will take possession of the apartment, ”said Hameed, who is struggling to feed his family of six due to the coronavirus pandemic.

“Due to the confinement, I didn’t have a job. I don’t know how I’m going to pay the installments, ”Hameed said.

Hameed’s family are among 69 people who were left homeless after the 2009 demolition of the slum they lived in near RML Hospital in central Delhi. After a ten-year battle, Delhi’s high court ordered in April 2019 that displaced families be rehabilitated.

“What was supposed to be a temporary shelter, for about six months, has been our home for over a decade,” said Kafeel Ahmed, 48, who works in a private company.

Lawyer Jayashree Satpate, who represented families evicted from RML Hospital near the High Court, said: “It has been over a decade now and they have yet to be rehabilitated. They live in precarious conditions, facing problems related to security, water, electricity and other socio-economic rights.

Like those 69 families, there are 287 families living along the Barapullah Drain near East Kidwai Nagar who had made the payments two years ago, but are waiting to be relocated. DUSIB had planned to relocate these families to its housing complex in Sector 16-B of Dwarka.

The roadblock

While the pandemic delayed the rehabilitation process last year, DUSIB officials said it now faces a roadblock due to the Centre’s new program to provide homes for rent.

DUSIB officials said the rehabilitation plan for these two groups was on hold due to the Centre’s Affordable Rental Housing Complex (ARHC) program, which was approved by Cabinet in July last year. Under the ARHC program, houses built under UPA era programs such as the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana (RAY) are to be rented out to migrant workers.

According to the information available on the website of the Ministry of Housing and Urban Affairs (HUA), of the 88,099 apartments built under JNNURM and RAY, 29,245 are in Delhi.

DUSIB member Bipin Rai said: “We had to put the rehabilitation process on hold due to the Centre’s rental housing program. As the apartments where these people were to be rehabilitated were built under the JNNURM, the partial payment of which was made by the Center, we were told to give these apartments under the new rental regime. But we are against the rental system because it will not work in Delhi. We had written to the Center about this earlier, but they refused to allow the allocation of these apartments as part of our rehabilitation policy.

In a letter dated March 22, 2021, DUSIB provided a list of slum groups from which resettlement fees of land agencies and slum dwellers were collected in accordance with the rehabilitation policy. There are around 13 clusters where a large number of eligible beneficiaries have made the payments.

Rai said, “We have written to the Center to allow us to allocate apartments to those who have already deposited the money under the rehabilitation policy. So far there has been no response to this.

When contacted, a senior HUA ministry official confirmed that he had received the DUSIB communication. “We are in contact with DUSIB officials and the matter is under investigation,” the official said.

The pandemic is making matters worse

Curtains divide the two rooms on the ground floor of the building into small spaces for each family in the Punjabi Academy center. Sudesh, 45, who worked as a private security guard until last year, said: “We don’t have enough space and adequate facilities here. The situation was really bad during the lockdown as everyone was staying inside all day. “

Mathura Prasad, 52, a mason, who lives along the Barapullah Drain near East Kidwai Nagar, said there had been no work for months now. “I had no choice but to stay home, as construction activity was closed during the lockdown. Even now, it is difficult to find work. We use our savings to feed the family, ”said Prasad.

Many have lost their livelihoods during the pandemic and hoped for a new start near their new home. Raj Kumar, 50, who had a small store that he had to close last year, said he had been unemployed for a year. “I was hoping to start something near our new home in Dwarka, as we were told we would be moving soon. But then the pandemic happened and now it’s unclear when the process will start. “

Social worker Shakeel Abdul, chairman of Basti Suraksha Manch, said: “These people have waited so long and have completed all the formalities including payments. Most of these people have taken out loans from banks or relatives. During containment due to the pandemic, many of them found themselves out of work or struggling to make ends meet. The government should start the rehabilitation process as soon as possible.

Families from both groups, social activists say, are in such dire need of adequate housing that they have agreed to move to the outskirts of town. Tripti Poddar, another lawyer who represented families expelled from the nearby RML hospital, said: “Their conditions have been so difficult over the past decade that many of them are ready to move to Baprola despite having worked and lived in the heart of the city. The families themselves have approached all possible avenues of advocacy, but despite this, multiple court orders and meeting all preconditions, including payment, they are still forced to wait, even during this deadly pandemic. “


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Victoria takes on Tassie in Scallop Pie Stakes https://ntbamainstreet.org/victoria-takes-on-tassie-in-scallop-pie-stakes/ Sat, 05 Jun 2021 23:29:42 +0000 https://ntbamainstreet.org/victoria-takes-on-tassie-in-scallop-pie-stakes/

“These are our best pies yet! Apollo Bay Bakery owner Sally Cannon announces as she bites into a pastry filled with hot scallops from the lakeside.

The owner of the Great Ocean Road bakery first put scallops in a pie when she bought the business with her sister, Jane Johnston, in 2011.

Although famous for its curry and mornay scallop pies that were once featured in The New York Times travel pages, it wasn’t until last week that Apollo Bay Bakery was able to use Victorian scallops. Cannon previously relied on Chinese-grown scallops and Tasmanian benthic bivalve catches.

Commercial scallops from Victorian waters. Photo: Fisheries Research and Development Company



Victorian-era scallops have been available but scarce since the closure of the Port Phillip Bay scallop fishery and the establishment of a strict quota system in the late 1990s. However, the discovery of a A massive new scallop field off the shores of Lakes Entrance in East Gippsland will bring a new wave of Victorian scallops to shops, restaurants and bakeries when the commercial harvest begins shortly.

“We aim to remove the scallop pie crown from Tasmanian bakeries and make Victoria the scallop pie capital,” said Dallas D’Silva, director of the Victorian Fisheries Authority (VFA).

Rumors of a large, intact scallop bed near the Bass Strait oil rigs have circulated in the entrance to the lakes in recent years. In December, a survey boat contracted by the VFA confirmed its existence. It is estimated that an immense strip of seabed contains nearly 8,000 tonnes of scallops within 20 nautical miles of the coast.

Apollo Bay Bakery's head baker, James Crump, with the first batch of Victorian scallop pies.

Apollo Bay Bakery’s head baker, James Crump, with the first batch of Victorian scallop pies. Photo: Richard Cornish



As a result, the VFA, in consultation with industry bodies, increased the total allowable catch for commercial scallop fishermen from 135 tonnes to 879 tonnes per year statewide.

Many scallops will land at Lakes Entrance to be processed and shipped to markets across the country.

Lakes Entrance fisherman Andy Watts expressed the town’s enthusiasm. “The fleet is ready to tip over and go fishing early next week,” he said.

With the scallop bed four times closer to shore than the Commonwealth fishery off Tasmania – about 80 nautical miles south of Lakes Entrance – the fuel savings for local fishermen will be enormous.

The annual scallop harvest will represent only 12% of the total population, with the remaining stocks left intact to repopulate the bed. Watts says it’s a good time of year for scallops, as the colder months make bivalves fat.

“This is great news,” said Chef Nick Mahlook of Lakes Entrance Sodafish Restaurant. “We’re going to have better, fresher scallops for longer. Mahlook is known for a dish of gently roasted scallops flavored with rosemary and guanciale (dried pork ring).

Apollo Bay Bakery Victorian Curry Scallop Pie.

Apollo Bay Bakery Victorian Curry Scallop Pie. Photo: Richard Cornish



Cannon says the quality of Victorian scallops is exceptional. Imported scallops formerly used by Apollo Bay Bakery have been treated to absorb water which would increase their weight. The liquid oozed from the scallops when thawed and continued to exude as the pies baked, creating hot, watery juices that ended up on the customers.

“But these local scallops hold their juice so well,” says Cannon.

The state government is hopeful that the Victorian food industry will embrace this injection of local scallops into the market.

“We want to see Victorian-era scallop pies on the menu at every bakery in Victoria,” Fisheries and Shipping Minister Melissa Horne said. “There is truly no equal to Victorian scallops for quality and freshness. “

Tasmania being theoretically the scallop pie capital of the world, the minister’s words could ruffle some feathers across the Bass Strait.

However, the sisters of Apollo Bay Bakery say they don’t want to participate in a “scallop pie war”.

“We respect the history of scallop pies in Tasmania,” says Jane Johnston. “But we use our grandmother’s recipe, made by her family on the banks of the Moyne in Port Fairy. It’s a proud family tradition.”

Sally Cannon intervenes: “Although our customers tell us our scallop pies are as good as those from Tasmania.” Johnston quickly adds, “if not better.”


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