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Aug072013

Obama touts mortgage finance plan, highlights private sector role








Bridging Finance And Innovation To Advance A Green Revolution in Africa






Obama's speech is one of a series focused on spurring faster economic growth in the middle of a still tepid recovery. His campaign-like tour is meant to help set the stage for the 2014 congressional elections and, more immediately, lay out his views ahead of an expected budget battle in Washington this fall. The president jabbed Republican adversaries over immigration and health care as well as housing. He argued that immigration reform - which is languishing in the House - would help the U.S.







George Clooney Ought To Stick To Filmmaking, And Leave Finance To Daniel Loeb






These innovative finance models will go a long way to replicate and scale many of the agricultural innovations already happening across the continent. The Dutch Agriculture Development and Trading Company, for example, developed a technology that brings a mobile cassava processing plant to villages and enables farmers in Mozambique to process their roots into cassava cakes that can be stored for up to two years opening new markets that were once limited because of root spoilage during transportation. In another example, The Rockefeller Foundation-supported Horn of Africa Risk Transfer for Adaptation project, an integrated risk management scheme developed by the Relief Society of Tigray and Oxfam America, helps Ethiopian farmers strengthen their food and income security through a combination of improved resource management, crop insurance, microcredit, and savings. The poorest farmers are eligible to pay for insurance with their labour through resilience-building projects in their communities. In addition to financing, catalytic innovations for growth are also emerging, including leveraging mobile phone technology to better share and disseminate information, structuring agricultural jobs as rural entrepreneurial enterprises to attract younger workers, and addressing gender inequities that hinder the income generation of women farmers.







E.P. Finance Advisor Search Starts






Here is the complete information about the position and the job description: Municipal Finance Advisor, City of East Providence The Department of Revenue is seeking qualified candidates for the position of Finance Advisor for the City of East Providence. The position of Municipal Finance Advisor was created by statute, and the duties and responsibilities are defined in Rhode Island General Law 45-9-10 as amended during the 2013 Legislative Session. The Advisor is responsible for monitoring the overall budgetary and financial administration and fiscal health of the city or town following the abolition of a state appointed fiscal overseer, budget commission or a receiver to a city/town where the receiver has not filed a petition for Chapter 9, Title 11 of the United States Code. The Advisor will be appointed by and report to the Director of the Rhode Island Department of Revenue, and will be an employee of the City of East Providence.










President Barack Obama smiles as he returns from a birthday weekend visit at Camp David to the White House in Washington, August 4, 2013. Credit: Reuters/Jonathan Ernst By Mark Felsenthal and Margaret Chadbourn WASHINGTON | Mon Aug 5, 2013 8:03pm EDT WASHINGTON (Reuters) - President Barack Obama will propose overhauling the U.S. mortgage finance system in a speech on Tuesday, weighing in on a tangled and polarizing problem that was central to the devastating financial crisis in 2007-2009 and that continues to slow the economic recovery, the White House said. Obama will propose eliminating mortgage finance entities Fannie Mae and Freddie Mac over time, replacing them with a system in which the private market buys home loans from lenders and repackages them as securities for investors, senior administration officials said. The mortgage securitization process is deemed essential to the smooth flow of capital to housing markets and the availability of credit.







Finance Committee Holds Public Hearing on Proposed Merrimack Valley Casino






Most famously here, Bill Murray agreed to star in Ghostbusters in return for a green light on The Razors Edge. To put it plainly, just as bestsellers pay for more literate novels in book publishing, so do blockbusters make the smaller, independent films possible. 20th Century Fox begat Fox Searchlight, not the opposite, New Line led to Fine Line, Sony Pictures begat Sony Pictures Classics and then Disney long ago purchased Miramax. Prestige pictures are made easier to green light by mainstream films, and if the financial wizardry of people like Daniel Loeb leads to a more profitable industry, the end result will be more, not less in the way of small movies that so many including this writer enjoy.







Obama to back mortgage finance reform to speed housing recovery






That's alot of work for Tewksbury electricians," Antonelli said. Several residents voiced concerns about increased traffic in the area of the proposed facility,near theInterstate 495/Route 133 interchange Alex Stolyar, Vice President of Corporate Development for Penn National, said the companyhad found in its other locations that their facilities' peak hours did not conflict with rush hour traffic. "Our peak times are post dinner times on Friday andSaturday nights, after7 p.m.on Friday and Saturday," Stolyar said."Normally we find it works well. It does not compete with existing rush hour times." Stolyar also noted Penn National would be paying for any mitigation that a traffic impact study reveals asnecessary in the area. When asked if Penn National was concerned at all about over saturation of the market for casinos with other proposed casinos in the area, Stolyar said the company had factored that consideration into their revenue projections. "We believe New Hampshire will legalize gaming right across the border and our projections take that into account," Stolyar said."Our commitment to the town is not based upon ourperformance, the host communityagreement guarantees a $200 million investment.




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Aug072013

In Crushing Blow, NYC Campaign Finance Board Denies John Liu Millions For Mayor's Race








Colorado School Finance Overhaul Coalition Turn In Over 160,000 Signatures Calling For Nearly $1 Billion Tax Hike






The factions competed for prime camera position, blocking each others' signs as best they could. "We donated. It's not fair. We're not going to be denied our rights," said Thomas Lee, 71, a retired construction manager and Army vet from Queens whose parents immigrated from China. Lee, who gave $500, blamed "institutional racism" for the effort to deny Liu the funds.














George Clooney Ought To Stick To Filmmaking, And Leave Finance To Daniel Loeb






At this point no one, including Clooney, knows Loebs long-term plan for Sony, or the entertainment industry more broadly. Whatever it is, the artist in Clooney should welcome the arrival of the businessman in Loeb. Indeed, if the doings of Sony Pictures are placed under a brighter market microscope, that can only be a good thing. Thats the case because as Clooney surely knows, a good way to ensure a shallow pool for film finance is for the industry to suffer too many films like Heavens Gate, Ishtar, Waterworld, and The Postman. Public markets work best for discounting the future, and if theyre given greater sway over how capital is allocated to films, the frequency of box office bombs that scare away financiers have the potential to be reduced.










State Sen. Mike Johnston (D-Denver), who has been the primary force and a sponsor behind the effort told The Denver Post that the proposed initiative addressed questions that had weighed down past educational funding initiatives. "I've yet to find any voter, most liberal to most conservative, that said I would never, ever want to support an investment in K-12," Johnston told The Denver Post . "What they want to know is: What am I investing in, where will the dollars go, and how will I know what the results look like?




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Aug072013

Obama Targets Fannie, Freddie in Housing Finance Revamp








Bridging Finance And Innovation To Advance A Green Revolution in Africa






Fannie and Freddie collapsed in 2008, but were bailed out by the federal government with roughly $200 billion in taxpayer money. They had a model for getting loans to the American people that didnt work. It was basically, heads they win, tails taxpayers lose model and so what the president is going to say today is we need to end that model. And we need to have a housing financing system going forward that first makes sure private capital sits at the center of our housing financing system and second we cant put taxpayers on the hook in the way we did before, Housing Secretary Shaun Donovan told ABC News. Obama wants the government to play a more limited and targeted role in supporting the mortgage market, according to an administration official, one in which private capital must be wiped out before the federal government provides any catastrophic guarantee. The president is also expected to renew his call for Congress to make it easier for homeowners to refinance at lower rates and highlight his plan to make housing more affordable for the middle class. We have to make sure we have affordable housing across this country. You know one of the things that got us into this crisis is that we sort of had a policy that said everyone has to be a homeowner. And the truth is some families want to rent their housing. Some people cant afford to be homeowners.









Obama touts mortgage finance plan, highlights private sector role






Republican Senator Bob Corker, who co-authored the Senate measure, said the president had provided a boost to mortgage finance reform efforts. "There is real momentum growing to finally move a structural housing finance reform bill that ends the Fannie and Freddie model of private gains and public losses," the Tennessee lawmaker said in a statement. Edward Mills, an analyst at FBR Capital Markets, said Obama's proposals were well-timed. "There has been real concern about not doing something that disrupts the housing recovery.







Avidbank Corporate Finance Provides $1,750,000 Working Capital Line of Credit to Akademos






They have built a quality team with extensive experience and insight into this business, and have grown at an impressive rate. We appreciate the opportunity to contribute to their continued success. We are pleased to be working with Avidbank. They took the time to understand the nuances of our business and space to create financing that works for us, stated John Squires, CEO and President of Akademos. We are looking forward to a long-term relationship with them. About Avidbank Avidbank Holdings, Inc. (OTCBB: AVBH), headquartered in Palo Alto, California, offers innovative financial solutions and services.








gty barack obama phoenix ll 130806 16x9 608 Obama Targets Fannie, Freddie in Housing Finance Revamp

Africa is poised for the worlds next green revolution. Across the continent, there has been a renewed commitment from governments, non-governmental organisations and the private sector to move agriculture from a development challenge to a business opportunity. As a result, countries such as Nigeria are moving to once again become net exporters, rather than importers of agricultural commodities. Agriculture has become among the most powerful engines for Africas economies, many of which have experienced rapid growth over the last decade. Despite these developments, many smallholder farmers, who form the backbone of Africas agriculture sector, remain trapped in poverty without access to financing and other tools to increase their productivity and profitability.




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