SBA to open recovery center for Hurricane Irene survivors in Brattleboro

first_imgThe US Small Business Administration announced today that a recovery center will open at the Brattleboro Development Credit Center inBrattleboro on Tuesday, October 11 at 8 a.m. to assist individuals and businesses affected by Hurricane Irene.”Due to the amount of physical and economic losses caused by Hurricane Irene in Vermont, we want to make it more convenient for victims to get assistance by opening a SBA recovery center.  Survivors can meet individually with SBA representatives and find out how a low-interest disaster loan can help them recover,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta.  The Center is located in the following community and open as indicated:Windham CountyBrattleboro Development Credit Corporation76 Cotton Mill Hill, 2nd FloorBrattleboro, VT 05301Opens: Tuesday, October 11, 2011Hours: 8 a.m. ‘ 5 p.m., Monday through Friday,until further notice. Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate.   Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.The SBA may increase a loan up to 20 percent of the total amount of disaster damage to real estate and/or leasehold improvements, as verified by SBA, to make improvements that lessen the risk of property damage by future disasters of the same kind.For small businesses, and most private non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any physical property damage.Interest rates are as low as 2.5 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years.  Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.Individuals and businesses unable to visit one of the Centers may obtain information on loan applications by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov(link sends e-mail).  Loan applications can also be downloaded from the SBA website at www.sba.gov(link is external) . Completed applications should be returned to one of the Centers or mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.  Those affected by the disaster may also apply for disaster loans electronically from SBA’s website athttps://disasterloan.sba.gov/ela/(link is external).The filing deadline to return applications for physical property damage is October 31, 2011.  The deadline to return economic injury applications is June 1, 2012.  For more information about the SBA’s Disaster Loan Program, visit www.sba.gov(link is external).SOURCE U.S. Small Business Administration ATLANTA, Oct. 7, 2011 /PRNewswire-USNewswire/ —last_img read more

UK roundup: Royal Mail pension costs, Standard Life-Aberdeen merger latest

first_imgThe company added that it would “continue to work closely with our unions on a sustainable and affordable solution for the provision of pension benefits after 31 March 2018”.The Communication Workers’ Union (CWU) proposed an equity-heavy risk-sharing scheme in March. Royal Mail rejected this plan but retained some elements of it in another proposal, which formed one of several options being considered for a replacement pension arrangement.Both the CWU and Unite unions have threatened industrial action, including strikes, in relation to the DB scheme’s closure.‘Standard Life Aberdeen’ to cut 800 roles post-mergerThe planned merger between Aberdeen Asset Management and Standard Life Investments – which would create one of the biggest asset managers in Europe – moved a step closer this week as the two companies issued official documents.The two companies said in the scheme documents for the merger that they expected to remove roughly 800 roles from their combined workforce of approximately 9,000 during the integration process.The companies said they aimed to achieve annual savings of up to £200m.The combined entity would be called Standard Life Aberdeen, the companies announced.Aggregate DB shortfall climbs in AprilThe combined deficit of UK corporate DB pension funds rose by 8.4% in April to £245.6bn, according to data from the Pension Protection Fund (PPF).This was the highest figure recorded by the PPF’s 7800 index of DB schemes since October 2016.Total liabilities rose during last month, while assets fell.Andrew Tunningley, head of UK strategic clients at BlackRock, said many schemes were “underhedged”.“UK index-linked gilt yields – crucial to determining pension liability values – are driven by a powerful force that is sometimes underappreciated: supply and demand,” Tunningley said. “The proliferation of liability-driven investing among the pension community has caused demand for linkers to grow at a much faster pace than supply.”He added: “We estimate that over the next five years demand for index-linked bonds could be around four times the projected supply available to pension schemes… In our view, this persistent imbalance could act as a powerful anchor preventing a sustained pick-up in yields. Today’s low real yield environment will prevail for some time, meaning that materially better market levels at which to hedge liabilities may not arise any time soon.” Royal Mail’s pension scheme contributions will reach £1.3bn (€1.5bn) from next year, higher than initially expected, according to its latest valuation.The company, which runs the UK’s postal network, announced the closure of the Royal Mail Pension Plan (RMPP) to future accrual earlier this year. This is due to take effect from 31 March 2018.In a statement to the stock exchange on Monday, Royal Mail said the defined benefit (DB) scheme had a surplus of £1.7bn as of 31 March 2017. However, combined employer and employee contributions to the scheme were estimated to be higher than the £1bn the company estimated when it announced the closure of RMPP. The company currently pays £400m a year into the scheme.“Accordingly, we expect that the actuarial funding surplus would be exhausted during 2018 if the plan had remained open in its current form,” Royal Mail said. “After this time, the annual cost would be more than double the current contributions, which, as we have pointed out to plan members in a number of communications, is unaffordable for the company.”    last_img read more

St. Louis Grade Boys Basketball Results

first_imgThe St. Louis Cardinals 8th grade boys basketball team defeated Brookville Middle School Tuesday night in a low scoring game 22 to 20.The Cardinals were able to pull out the win by scoring 11 points in the 4th quarter.Evan Vogelsang had a solid game on both ends of the  floor, and Zeb Streator provided valuable minutes in relief.Next up Mt. Carmel Thursday night.Courtesy of Cardinals Coach Mike Burkhart.The St Louis Cardinals 7th grade basketball team were able to chalk up another win Tuesday night as they played on the road against the Brookville Greyhounds. St. Louis took a 20-12 lead at half then blew the game open in the second half as they scored 31 points in the half to win by the score 51 – 19.The team played well defensively throughout most of the game and had another balanced scoring attack. The scoring consisted of Andrew Oesterling 17, Lleyton Ratcliffe 14, Kurt Siefert 6, Jack Forbeck 5, Riley Schebler, Ben Schebler, Karson Macke and Sam Voegele had 2 points and Wil Freeland chipped in one at the charity strip. Brookville Middle School was led by Josh Bauman with 14 points.The Cardinals next game is this Thursday, November 12th, at Mount Carmel. The game starts at 5:30. This Saturday November 14th the Cardinals play in their first tournament of the season and is hosted by Oldenburg Academy. St Louis 7th grade will play St. Nicholas at 9 AM. The winner of this game will play the winner of St. Michaels and St. Lawrence.Courtesy of Cardinals Coach Jim Oesterling.last_img read more

Update on the latest sports

first_imgBlue Jackets lose their top scorerUNDATED (AP) — The Columbus Blue Jackets have lost their top goal-scorer for the rest of the season. The team says forward Oliver Bjorkstrand fractured an ankle in Thursday night’s loss to the Philadelphia Flyers.General manager Jarmo Kekalainen said Friday that Bjorkstrand will be out eight to 10 weeks and might need surgery.Bjorkstrand has 21 goals and 15 assists with 12 penalty minutes in 49 games this season. He leads the club in goals, winning goals with five and multipoint games with 11.Columbus leads the NHL in man-games lost to injury this season. Also sidelined this season: All-Star defenseman Seth Jones, forwards Cam Atkinson and Josh Anderson and goaltender Joonas Korpisalo (YOH’-nuhs kohr-pih-SAH’-loh). The Indians, who traded two-time AL Cy Young winner Corey Kluber this winter, were already down one starter this spring with right-hander Mike Clevinger recovering from knee surgery and out until mid-April.LUGE-TRACK SAFETYUS, others pull out of Luge World Cup, citing safetyUNDATED (AP) — The U.S. has pulled its entire team out of this weekend’s series of World Cup luge races in Winterberg, Germany, while athletes from many nations are protesting what they are calling unsafe ice conditions.Austria has also withdrawn its entire team from the weekend events and even several sliders from Germany — on home ice, no less — have said they are not willing to race this weekend. The International Luge Federation offered a compromise of sorts Friday by saying it would shorten the race distance, but even that did not solve the intense disagreement between sliders and officials over the safety issue. About 80,000 people are needed at the Olympics to provide free work which the IOC calls “key support to ensure the success of the games.”Tokyo organizers said the postponed sessions are “part of efforts to prevent the spread of infection of the novel coronavirus.”Training will be postponed until May or later, organizers said on their website. More than 200,000 people applied to be volunteers, with about one-third from outside Japan. The Olympics are scheduled to run from July 24-Aug. 9.UNIVERSITY OF MICHIGAN-DOCTOR INVESTIGATIONDocuments: Michigan student says he reported doctor’s abuse Update on the latest sports In other NHL news:— The NHL-leading Boston Bruins have freed up salary cap space by trading veteran forward David Backes (BAK’-ehs) and a first-round draft pick to the Anaheim Ducks for forward Ondrej Kase (AHN’-dray KAH’-shah). Anaheim also acquired 20-year-old prospect defenseman Axel Andersson in the deal completed three days before the NHL’s trade deadline. The Bruins benefit by trading the 35-year-old Backes, who has spent the past month playing in the minors. He is in the fourth year of a five-year, $30 million contract and had just one goal and two assists in 16 games with the Bruins before being demoted to AHL Providence last month.— The Buffalo Sabres have placed suspended defenseman Zach Bogosian on unconditional waivers with the intention of terminating his contract. The move puts the Sabres in position to part ways with a disgruntled player who asked to be traded earlier this season and spent the past week refusing to report to the minors. Bogosian will have an opportunity to sign with another team to finish out the season. But the 12-year veteran will lose what’s left of the $6 million he is owed in the final year of his contract should he go unclaimed by noon Saturday. Under NHL rules, Bogosian must be signed by the NHL’s trade deadline on Monday afternoon to be eligible to compete in the playoffs.MLB-INDIANS-CARRASCO INJURYIndians RHP Carrasco day to day with mild hip flexor strain Associated Press February 21, 2020center_img GOODYEAR, Ariz. (AP) — Cleveland Indians right-hander Carlos Carrasco has been diagnosed with a mild strain of his right hip flexor after feeling discomfort while doing squats in the weight room during spring training.The team said Friday that Carrasco was considered day to day after an MRI revealed the strain.Manager Terry Francona said Carrasco felt something in his upper leg when squatting on Wednesday.The 32-year-old pitcher made an inspiring comeback last season after being diagnosed with leukemia. He revealed that in June, and returned as a reliever in September after treatment.Carrasco had said earlier in camp that his health was good and that he was excited about the upcoming season, when he is expected to move back into the rotation. Share This StoryFacebookTwitteremailPrintLinkedinRedditNFL LABORUnion committee rejects NFL labor deal; player reps to voteNEW YORK (AP) — The NFL players’ union executive committee voted 6-5 Friday to recommend rejecting the terms of a labor deal approved by NFL owners the previous day. UNDATED (AP) — Documents released by prosecutors show a former University of Michigan student whose 2018 complaint that a late doctor at the school had molested him in the 1970s says he complained at the time to his wrestling coach and the school’s athletic director about the sexual abuse.According to the documents released to The Associated Press on Friday, the student also recalled Dr. Robert E. Anderson being known by athletes as “Dr. Drop your drawers Anderson.”The university announced this week that it has launched an investigation into Anderson’s behavior following sexual abuse allegations made by five former patients. The owners’ proposal features a 17-game season, shorter preseason, larger rosters and limits on the number of international games. It will next be voted on by the 32 player representatives. Even if they reject it, the union is expected to bring the plan to the entire membership.If the NFLPA does not approve the terms, the current collective bargaining agreement, which expires in March 2021, would remain in effect and further talks would be required.Several people familiar with the terms say they feature increases in minimum salaries, changes in practice squad makeup and eligibility, and reduced offseason and preseason requirements as pivotal parts of the deal. Those people spoke to The Associated Press on condition of anonymity because specific details of the provisions in the agreement that would run through 2030 are not being made public.Objections to an expanded regular season are considered the main stumbling block for player approval.NHL-NEWS Sliders from many nations have said there is too much ice buildup on certain curves, which significantly increases the chance of crashing.Training this weekend in Winterberg has been marred by several crashes and even some injuries to top sliders.OLYMPIC VOLUNTEERS-CHINA OUTBREAKTokyo delays Olympic volunteer training because of virusTOKYO (AP) — While again stating there are no plans to cancel or delay the Tokyo Olympics, local organizers postponed training sessions for volunteers on Friday for at least two months because of the virus outbreak spreading from China.last_img read more