Aging farmers, dying farmland

December 6, 2021

Montana Loans

Comments Off on Aging farmers, dying farmland

Aging farmers, dying farmland

Credit to Farmers

The expansion of the farm or ranch involves an investment in capital, and is especially challenging for those who are only beginning their journey in business. We have designed loan programs for farmers that are younger than of 35 or who have more than ten years of experience. They are comparable to our loan options that have modified the criteria for approval of credit in order to accommodate this need in the following manner. This program will allow you to get the money you require like this, while also aiding you to improve your financial position.

“At present, the production of eggs is the thing I’m most interested in and also something my grandfather was interested in. About 90 percent of eggs that are produced in the United States [are produced by the 60 farms that are owned by the company” Spencer explained.

Montana along with Montana and the United States of America are not the only countries that are experiencing a shift towards industrialization. As America shifts away from farms that were owned by families and towards growth, corporations are have a greater say in and control of the agricultural sector, using central processing facilities as well as manufacturing cheap products to satisfy the needs of the consumer. Shipping is available throughout in the United States and internationally A increase in the number of farms controlled by companies according to USDA statistics, occurred between 2012 and 2017. The increase was around 10 percent between 2012 and 2017. The amount of farms that are owned and operated by private individuals or households has declined by about the same amount during the same time.

Spencer is a real person in this sense. “I’m not certain if there’s any issue with this. This is just how things are at the moment “he explained. “There always is food to be found. Which do you believe it could be? Are you more a fan of family-owned farms to corporate farms? The agricultural sector will be increasingly controlled by corporate. Since a long time the big firms have attempted to consolidate their control over their businesses in operations and industries.”

The evolution of the American agriculture system however it has its own set of consequences. Small farms and ranches make important economic contributions to local economies, investing money into the local economy selling their products to communities, as well as also creating jobs for the local community. Rural communities are harmed when the longevity is at risk as well as when the employment opportunities available for the agricultural sector are cut down.

“Isn’t it the case that when you purchase something from Walmart there’s no transaction cost and there is no investment in our economy? The location is Walmart’s headquarters “The Community Food & Agriculture Coalition (CFAC) is an organization based in Missoula which works to create regional and local food infrastructure According to Bonnie Buckingham, executive director of the group. It’s feasible in the western part of Montana. “Community and value” is created in the sense that people are connected with their local communities through food, purchasing products from farmers, or by participating in events that bring people together. For producers, these kinds of events help strengthen bonds between the participants in the community.

The smaller farms also are green, as they tend to not use an excessive amount of toxic pesticides and will be more likely to aid in the protection of the species diversity in the agricultural and ecological realm as well as other advantages. They also have a higher ethical standard from an animal’s point viewpoint than most people. Spencer is a great example. He feeds his chickens a 100 100% vegetarian diet and keeps in cages which he claims is the most humane approach.

It is possible that farms like Spencer’s could be destroyed completely due to development, which will result in irreparable erosion of soil. Only a small amount of Montana’s topsoil could be utilized for agriculture however, only in small amounts. As per the CFAC the CFAC, just 8 percent of the land of Missoula County, for example has soils suitable for the production of agricultural crops. It would take about 1000 years to make three centimeters of topsoil out of the soil developed over the course of many thousands of years.

The majority of the soil is in the lower part of Missoula Valley, which happens to be the exact location that developers are currently eyeing to develop. If the soil isn’t properly prepared for paver and paving, it will not be able to carry out vital ecological functions like food production or water retention. It is also able to absorb carbon dioxide, which is a vital service to the ecosystem, and becomes more important as policymakers try to slow the progression of global warming.

“It is possible that the soil could be lost forever should we not safeguard it today. This kind of soil might be located in a field that can be grazed with horses, or just left to grow grass. It could be possible to obtain viable productive, productive, as well as productive soils near term which can be protected similar way as described in this article “Buckingham stated. If there’s a structure or industry located on it, or the land is dispersed and divided, we will never be able cultivate food on the soil.

In the course of addressing certain issues that confront the state, non-profit organizations and officials from government have come up with inventive ways to broaden its activities and engage more people.We’ll be in the process of ending our current state of things if we don’t safeguard it in its current shape.

One example of this could be Trust Montana. Trust Montana is a non-profit entity committed to the preservation of the agricultural land across the state. The organization was previously focused around the protection of low-cost housing However, in May 2020, the organization partnered along with other organisations, such as the Agrarian Trust and the Vilicus Training Institute in order to create the Montana Agrarian Commons, which is currently at its third year in operation. To stop the development of land that is not agricultural communities will be granted conservation easements that permit the parcel of land to remain an estate of trust to be used by the community, and it will be let to new farmers at a reasonable cost. Agrarian Commons is a program which can offer a unique selling opportunity for farmers and ranchers who have retired who wish to see their land be managed and developed with respect for the environment.

“Agrarian commons are designed to protect land for agriculture use in perpetuity to benefit of the future generations. Farmers also have leases for long-term tenure of their land “King-Ries explained. “And we’re seeking ways to assist farmers in earning cash and creating equity in a way similar to the way owners or landowners achieve this without the property getting sold for market value , and without the property becoming a commodity in its own.”

CFAC has adopted a unique approach to establishing a website named Farm Link Montana, which is designed to aid those who are new to farming, retiring and those who want to sell their farm land. The website, according to Mary Ellis, the new Farm Programs Coordinator of the coalition’s Beginning Farmers and Ranchers Program is an “kind match service.” She described it as such.”The retired farmer may be able collaborate with them to help them move gradually to larger areas or make a deal to sign a lease or a partnership together for a specific duration and for a limited time period,’ Ellis explained. So, I’m hoping to make it easier for farmers looking to get started. ”

According to Ellis the range of matches is from two to five games every year go over the normal investigation phase in the procedure. Even though that it is an insignificant amount, “in our program, we believe it is an impressive achievement when compared to other aspects to be taken into consideration,” she explained.

“This item has been tested on the field. Farmer-approved. The program offers grants of between $5,000 and $5,000 to farms in order to aid new farmers at the beginning stages the process of establishing their farms. A collaboration with Kiva which is a non-profit organisation which provides loans to those who make the difference in their community, allows the organization to provide small loans to farms and other agriculture-related enterprises.

Zach Brown of the Gallatin County Commission has been working with the Gallatin County Commission to aid farmers who are just beginning in their careers as farmers and face financial challenges. This legislation, dubbed the Montana Farmer Student Loan Assistance Program legislation that he wrote was approved by the year of 2019. The new farmers and ranchers could get up to 50 percent of their student loan payments through this scheme, managed through the State Department of Agriculture. Individuals who decide to work in the field could discover that the debt is an enormous obstacle to their dreams.

“Essentially the thing it’s doing is creating a process by which a prospective farmer or rancher could submit an application to government officials for loans aid program.” writes the book’s author. Brown has shared his ideas. Therefore that when they return to their ranches or farms they aid in the payment of students’ loans

MORGAN ROSE was one of the first organizations to be granted assistance with the repayment of loans from The Ministry of Agriculture’s Repayment Assistance Program. Dillon, Montana, is the home of Rose who is a fourth generation Montana breeder birthed and raised in the tiny town of only a few hundred people located in the southwest region of the state. It has the estimated number of people residing there at 5,000. “There isn’t any moment that I was contemplating pursuing a job in any other field than the field of production agriculture,” she said emphatically.

‘Scary’ mortgage rates, sticker shock forcing buyers to forfeit contracts, broker says

September 28, 2022

Montana Mortgages

Comments Off on ‘Scary’ mortgage rates, sticker shock forcing buyers to forfeit contracts, broker says

As the 30-year fixed mortgage rate doubles from a year ago and the housing market faces ‘less affordability’, a real estate broker warns that potential buyers are more likely to forgo deals in course without consequence.

“These are some pretty scary numbers. You never would have expected this before because you usually wouldn’t have the option of going back on a contract,” said Pamela Liebman, president and chief executive of the Corcoran Group, at “Mornings with Maria” on Wednesday. “No one would give you a mortgage contingency when the market was on fire and just going up, up, up.”

“But now that sellers are a little more desperate to make these deals, they’re offering these contractual contingencies,” the brokerage continued.

As mortgage rates continue to hit multi-year highs every week and market demand begins to cool, a Redfin report found that Sun Belt states had the highest contract cancellation rates . According to Liebman, many homebuyers walk away after feeling the shock of the mortgage sticker.


Corcoran Group President and CEO Pamela Liebman said “scary” mortgage rates had created “less affordability” in the housing market during “Mornings with Maria” on Wednesday, September 28, 2022. (AP Newsroom)

Mortgage rates have risen more than one percentage point over the past six weeks. At the end of the week of September 23, the 30-year fixed rate was 6.52%, which is the highest since mid-2008.

“You may have applied for a mortgage two weeks ago, and now the cost is much higher, and that just makes it unaffordable and people will leave,” Liebman explained.

Onerous mortgages and house prices have taken “a lot of people” out of the home buying market, the broker said.

“I also think a lot of fun places to buy, whether it’s Vegas or Orlando or Montana, some of them aren’t as fun anymore because it’s gotten a lot more expensive,” Liebman said. “And disposable income isn’t what it used to be because of inflation everywhere.”

Now that home sellers have more listings to compete with, the real estate expert noted, people will try to get buyers’ attention and offers by lowering the asking price.

“It’s a nationwide market that has really seen such incredible price increases during the pandemic, that it’s a double whammy of expensive prices and expensive mortgages,” Liebman said. “So something must give.”


Although Liebman said she doesn’t believe the United States is in a real estate recession, she advised those active in the market to “expect surprises.”

“We want more people to be able to buy new homes, and now we have a whole new generation preparing to enter the market. So I think housing will be fine, and as President Powell said, can -be a bit more balanced,” said the CEO of the Corcoran Group. “You really need to talk to someone who can advise you financially if a rate hike is going to crush you financially.”


Elizabeth Pritchett of FOX Business contributed to this report.

Nexo heads for the hills just as California unleashes a wave of suits

September 27, 2022

Montana Loans

Comments Off on Nexo heads for the hills just as California unleashes a wave of suits

announced that it had acquired a minority stake in a Rocky Mountain banking company that is turning into a fintech just a day after California began a ripple effect of state lawsuits against the cryptocurrency lender.

Summit National Bank, which is owned by Hulett Bancorp, holds a federal banking charter with the Office of the Comptroller of the Currency, which Nexo said has reviewed its investment. This OK will allow Nexo to offer products such as checking accounts and crypto loans, according to a company statement

The move could allow Nexo to offer crypto products in a federally regulated environment, even as states question its business practices. The lender did not respond to repeated requests for comment on its strategy and whether its deal with Summit was aimed at resolving its issues with state governments.

Just 24 hours prior, the California Department of Financial Protection and Innovation issued a cease and desist order after claiming that Nexo’s interest-bearing crypto accounts were securities.

On the East Coast, New York Attorney General Letitia James has announced legal action against the lender and is seeking to permanently ban Nexo from selling securities in the state.

“Nexo has violated the law and the trust of investors by falsely claiming that it is a licensed and registered platform. Nexo must end its illegal operations and take the necessary steps to protect its investors,” James said in a statement. statement.

The Swiss-based company is now facing individual lawsuits from states, including Vermont, Washington, Mayland, Oklahoma, Caroline from the south and Kentuckyfollowing California and New York moves.

Nexo’s business model of offering generous interest against crypto deposits is reminiscent of the approaches of Voyager Digital and Celsius
Network, both of which fell into bankruptcy court as falling currency prices upended their business models. Nexo appears to have avoided that fate, but heightened regulatory scrutiny as the so-called crypto winter unfolds is another matter.

Summit is a bank with Pitches in Idaho, Montana and Wyoming. Nexo said it is “reinventing itself as a modern digital FinTech bank”.

Crypto Lender Nexo Obtains US Banking Charter Through Acquisition Deal

September 27, 2022

Montana Lending

Comments Off on Crypto Lender Nexo Obtains US Banking Charter Through Acquisition Deal

The crypto market has been battered this year, with nearly $2 trillion wiped from its value since its peak.

Jonathan Raa | Nurphoto | Getty Images

Cryptocurrency lender Nexo announced on Tuesday that it has taken a stake in a federally regulated U.S. bank, paving the way for the company to offer banking services to Americans as a licensed institution.

Nexo, based in Zug, Switzerland, said it had agreed to buy an undisclosed stake in Hulett Bancorp, which owns a bedyouthe best known bank called Summit National Bank. Through Summit National Bank, which holds a federal banking charter with the Office of the Comptroller of the Currency, Nexo plans to offer a range of products including checking accounts and crypto loans.

The move is an important development for the nascent crypto industry, which is seeking to curry favor with politicians and regulators as investment in and adoption of digital assets increases. The market licked its wounds following the collapse of the controversial terraUSD token, which sparked a wave of liquidations and bankruptcies of companies like Celsius and Three Arrows Capital.

Nexo declined to disclose the size of its stake in Summit National Bank. The company called the deal “an industry-changing transaction.” In addition to the ability to launch new products, Nexo said its banking license would provide users with stronger legal safeguards. The deal will also help Nexo expand its presence in the United States, the company said.

“We already have a strong offering when it comes to our crypto lending, but we always like to have more than one option to provide a particular service,” Nexo co-founder Antoni Trenchev told CNBC.

“Acquiring a stake in a fully-fledged bank enables us to offer our full range of services to US retail and institutional customers, including bank accounts, asset-backed lending, card programs, as well as as escrow and custody solutions, and many other future plans for Nexo’s expansion into the United States that will be unveiled in the coming months.”

Summit National Bank traces its origins to 1984 in Wyoming, where the company was originally licensed as Hulett National Bank. The company later opened branches in Idaho and Montana. According to its website, Summit National Bank’s major loans are for “trade, agriculture, real estate, mortgages and construction.”

The news comes just a day after Nexo faced lawsuits from eight US states alleging the company offered users paid accounts without first registering them as securities and providing necessary information. Nexo allegedly misled investors into thinking it was a licensed and registered platform, according to filings.

In response to the lawsuit, Nexo said it worked with US federal and state regulators. The company sought to differentiate itself from other players who have encountered financial difficulties, saying it “did not engage in unsecured loans, had no exposure to LUNA/UST, did not need ‘be bailed out or did not need to resort to withdrawal restrictions.

Nexo, which has over $4 billion in assets under management, is not the first crypto firm to obtain a banking license, although this is a rare occurrence in the industry. Other fintech companies have already obtained federal banking charters through mergers and acquisitions, including SoFi, which offers crypto trading on its platform, and LendingClub.

Coal price revival: how long can it last?

September 26, 2022

Montana Economy

Comments Off on Coal price revival: how long can it last?

“If a year ago, fifteen months ago, you told people that thermal coal could cost $440 and coking coal could cost $600, they would call the ambulance and recommend a good doctor” , Neil Bristow, Managing Director of H&W Worldwide. Consulting, said Thursday at a recent Coal Association of Canada conference.

“Who would believe it?

While Russia’s invasion of Ukraine rattled energy markets and drove up coal prices, the reality is that thermal coal prices had surged months before the invasion, as Europe was already in self-induced energy shortage and resorted to coal.

Five or six years ago, thermal coal was selling for $60 to $80 a ton, Bristow said. Even before Russia invaded Ukraine, thermal coal prices had soared to around $200 a ton.

“The fundamentals that drove these prices higher in the third and fourth quarters of 2021 are still there, and they were only exacerbated by the Russian coal sanctions,” said Ernie Thrasher, CEO of Xcoal Energy and Resources.

Never in Bristow’s lifetime had he seen thermal coal (burned to generate electricity) worth more than metallurgical coal, which is used to make steel, but now it does.

Metallurgical coal (also known as coking coal or steelmaking coal) briefly hit $600 a ton, Bristow said, but has since stabilized at around $270 a ton. That’s still a high price, but less than thermal coal right now, which is well over $300 a ton.

The usual market forces of supply and demand that would normally see producers respond to high prices with increased production simply do not occur with coal.

In the United States, the coal mining industry is half the size it was a few decades ago and simply cannot suddenly reverse. Australian coal production peaked in 2016 and it seems unlikely that it can either meet the sudden demand for thermal coal. British Columbia is a major producer and exporter of metallurgical coal, but Canada exports little or no thermal coal.

Xcoal estimates that the UK and Europe alone will have to find 47 million tonnes of coal that came from Russia. It is unlikely to come from the United States

“There’s just not much the United States can do,” Thrasher said. “We have basically dismembered our coal industry.”

Even if US coal mines could increase production, coal terminal capacity for exports is limited, so coal produced in Montana and Wyoming is shipped through BC export terminals. And right now, one of those terminals – Westshore – has been paralyzed by a strike.

“There just isn’t the elasticity in the supply chain for people to react to these prices, and the old adage that the best thing for high prices is high prices is not true. “, said Thrasher.

In total, Xcoal estimates the global coal supply shortfall at 96 million tonnes.

“These high coal prices are happening at a time when the Chinese economy is just flat on its back,” Thrasher added. If the Chinese economy were to suddenly recover and grow, it would put even more pressure on thermal and coking coal prices.

“Who can supply 96 million tonnes to fill this void? Thrasher wondered. “There’s probably only China and India. There just aren’t many other countries in the world where there is the capacity to produce the coal needed to fill that void.

As for steelmaking coal, BC’s second most valuable export, a global recession could cool demand and temper prices somewhat. But Bristow predicts prices will remain high for the next few years because there simply aren’t enough new metallurgical coal mines being built.

“My models don’t show enough coking coal to meet global demand after about 2027, 2028,” Bristow said. “We desperately need new mines.”

“I’m going to be bold and say it won’t stay at $400 or $500 a ton for very long,” Thrasher said of coking coal prices. “But I think the days of seeing less than $125, $150 per metric ton of coking coal over any period of time are in the rearview mirror, and that’s because coal isn’t everything. simply not produced.”

Thrasher said he could see stagflation resulting from the coal shortage, if there was a global recession.

“If we go into a major global economic downturn, that’s definitely going to put a damper on our products,” Thrasher said. “The question is, if you go back and look at these supply shortages, will a 5% global economic slowdown be enough to solve the problem if you are short of 10% energy supply? You basically have a stagflation environment where the global economy is collapsing, but you still need energy and energy prices remain high.

“It will affect thermal more than coking coal. It could be something we haven’t seen in 40 or 50 years.

(This article first appeared in Business in Vancouver)

Joanne Jeanine Stillman Hender, 60

September 25, 2022

Montana Mortgages

Comments Off on Joanne Jeanine Stillman Hender, 60

Joanne Jeanine Stillman Hender, 60, of Idaho Falls, Idaho, was reunited with her Heavenly Father, parents, and previously departed siblings, Sept. 1, 2022, at Eastern Idaho Regional Medical Center.

Joanne was born March 16, 1962 in Kalispell to Theron Jackson Stillman and Maybelle Elaine Munter Stillman. Joanne grew up and attended schools in Kalispell, and graduated from Flathead High School. She is also a graduate of LDS Business College in Salt Lake City.

On August 25, 1990, she married John Arthur Hender Sr. in Salt Lake City. They were then sealed in the Jordan Temple on September 24, 2010. Joanne and John met in Salt Lake and seven years ago made their home in Idaho Falls, Idaho. While living in Utah, Joanne worked as a mortgage underwriter, mortgage processor, and more. She worked until her health prevented her. She was a real woman of strength who had been battling type 1 diabetes for over 48 years.

She was a member of The Church of Jesus Christ of Latter-day Saints. She loved to sew and play the piano. She was an avid reader. Her favorite authors were John Grisham and Anita Stansfield. She loves her scriptures and the manuals that accompany them. Later in life, she enjoyed playing 15 games at a time of “Words With Friends” with John because she liked to keep her mind active.

Her best friend was her niece, Kandice, known as “Buddy”.

The world was better because Joanne was part of it. There are relatively few individuals who have such a strong impact in such a quiet way.

“There aren’t enough words in the world to describe how wonderful she is. Everywhere she went she looked for people she could help. Where Joanne is is where happiness was. She was a godsend. You didn’t have to be anyone special, she just loved you. I bet she’s in heaven and makes everyone smile. — Jane Keller Kump, darling friend .

“Even though she pushed just to keep breathing the air of life, she always went out of herself to try to make other people’s days easier and her contagious smile lit up other people’s faces and made them smile too.

“I had the best wife one could dream of having; she held nothing back. She’s been my daughter since the day we met; As soon as I walked up and started talking to her, she said, “I knew you were trouble.” We were together from then on; We just did.

“So we’re about 30 years later saying, ‘I’ll see you in a minute. As we think of her and feel her gentle spirit, she will make us smile, not through a whole lot of pain, but without it. Can you imagine how liberating it must be for a person who has been riddled with disease for almost 50 years to be free from broken bones, type 1 diabetes, osteoporosis, gastroparesis, sinus surgeries, from cataracts, migraines, dialysis, heart surgeries, endless diagnostic procedures, and the relentless pain of a debilitating, insomnia-producing neuropathy, along with high blood pressure, night sweats, and a body that just be made a long time ago, and which would have been without a heroic effort that people might witness – if they’re lucky – once in a lifetime and not in a movie.

“I could never be more proud than to have you as my daughter, so so selfless, so cute, so smart, so witty, so loyal, so loving, so compassionate, my Joanne, Fonzie loves you and I love you, Baby – John A. Hender Sr.

“Joanne was my girlfriend. She and I did everything together. I remember a moment that sticks so clearly in my mind to this day when I went to her office for a Halloween party one year and she was dressed up as a mummy and I was dressed up as a doctor. We had a blast! We jumped for apples and played games. I was always included in her office stuff when she was working, helping her make copies of different things, etc. We had a bond like no other, she meant the world to me. —Kandice Morrison “Buddy”

“I remember when I was a child, Joanne liked to play at school with everyone who played with her and she also liked to prepare family home evening lessons for her family. Joanne loved all things paper, office, teaching and documents! She was the best at it! — Melanie Morrison

“Joanne could listen to my boring, meandering stories as if they were the greatest stories ever told. You made it feel important. If it mattered to you, it mattered to her. With her sharp mind, she could throw zingers with the best of them. —Bill Stillman

“For a Christmas present to family members for Christmas 1985, Joanne wrote a ‘life story of her mother Maybelle Elaine Munter Stillman’. This life story was a labor of love for Joanne and showed her love for his mother and family” – Ted and Claudia Stillman

“Whenever Joanne needed us to move her from place to place, she was always located on the third floor. Once she wanted to go from one side of the third floor to the other side of the third floor. The two sides of this third floor were not interconnected. We had to go down the three flights of stairs, cross to the ground floor and back up to the third floor. It was when all of our children were young; Jennifer was maybe 12 years old. I looked at the scene in front of me and saw our seven children with a lampshade or a box or a wall picture or a lamp, whatever they could carry on one side and come up on the other side like a small army. I don’t remember why the move, but Joanne needed it. -Gary Stillman

“Jeanine’s best memory is when we organized the family Christmas party at her house. Next, Joanne took us on a scavenger hunt to look at all the different lights in her neighborhood. The coolest thing was a display of different nativity scenes in his neighbour’s house. It was when all of our kids were young, Jennifer was maybe 12. —Jeanine Stillman

“We remember taking a summer vacation to Kalispell to see mum. Back then, Joanne always took our sons for wagon rides, playing games and watching cartoons. We went to the drive-ins, and Joanne and Mel always kept the kids busy in the back of Mom’s station wagon. They always had a great time with Joanne in Montana. —Larry Stillman

“Years ago when Joanne was Young Women president, she and Mel led the sweetest group of Young Women to do baptisms for the dead at the Idaho Falls Temple. They stayed here with us. I just remembered how the girls loved and admired her, how she interacted with them. They knew she loved them and wanted the best for them! She taught by example how to be devoted and loyal to what she believed to be right! Whatever she did, she gave it her all! — Kathy Stillman.

Joanne is survived by her beloved husband, John Hender, of Idaho Falls, Idaho; his dog, Fonzi Hender; siblings, Ted (Claudia) Stillman of Highland, Utah, Gary (Jeanine) Stillman of Salt Lake City, Melanie Morrison of Herriman, Utah, Larry (Loydene) Stillman of Bluffdale, Utah, and Tim Stillman of Idaho Falls, Idaho.

She was predeceased by her parents and siblings, Danny, Vicky, Ronnie, Bobby and her sweet niece Jennifer.

Services were held at 11 a.m. Wednesday, September 7 at Sand Creek 2nd Ward, 2545 Mesa Street, with Bishop Andrew Trane officiating. Interment took place at Fielding Memorial Park Cemetery.

In lieu of flowers, the family suggests donations to Snake River Animal Shelter or GoFundMe fundraiser.

Senate committee seeks to improve rural housing stock as needs grow

September 24, 2022

Montana Lending

Comments Off on Senate committee seeks to improve rural housing stock as needs grow

Officials are considering how to improve rural housing programs across the United States as more people struggle with the rising cost of living. The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a audience On Tuesday, ask stakeholders and credit professionals how USDA’s Rural Housing Service can better serve rural residents.

In the Mountain West region, more than one-fifth of homeowners with a mortgage spend at least 35% of their monthly income on housing, according to data released last week by the United States Census Bureau. Nearly 40% of tenants across the region spend more than a third of their income on rents, and vacancy rates are falling as supply chains, labor shortages and inflation make it difficult to build additional units.

The Rural Housing Service, or HRH, is one of the only government tools specifically aimed at rural populations. It offers loans, grants and loan guarantees not only for single and multi-family housing, but also for hospitals, fire stations and other critical community infrastructure. However, testimony at the Senate hearing showed that the program has been hampered by staffing shortages, underfunding and technological challenges.

“This disparity negatively impacts rural and Native Americans who rely on them as some of the best and only products designed for rural and Native needs,” said tribal housing expert Tonya Plummer. “We encourage creative solutions.”

Of the total mortgages issued nationwide last year, about 114,000 loans — less than 0.5% of total volume — were USDA-backed, according to David Battany of the Mortgage Lenders Association.

“These programs are worthy of our country’s commitment to them,” he said.

Legislation introduced earlier this week by Sens. Tina Smith, D-Minn., and Jeanne Shaheen, DN.H., aims to further that commitment by making the loan process easier for select rural residents seeking housing assistance.

Most speakers, however, said additional and systematic investments in the USDA are needed to really turn around the HRH. Using South Dakota as an example, Plummer, the tribal housing expert, said program staff in the state are operating at “25% of what they were five years ago.” For starters, she proposed several “nuanced” changes to how the federal government structures its loan, budget, and foreclosure programs during his testimony.

Bettany agreed and added that the current loan payment and application process for lenders and applicants is cumbersome and outdated. RHS response times to approve a loan can take up to 10 days, well beyond the industry standard.

“RHS loans can better serve consumers and industry players,” Bettany said.

“We can advance this goal by addressing three areas: better workflow, better technology, and if both of these areas are achieved, better lending products.”

This comprehensive look at rural housing comes at a time when needs are skyrocketing. In Wyoming, a rental assistance program broke demand records in August, and there was more requests for property tax relief last year than ever.

The Ministry of Housing and Urban Planning is also help to rise for rural homelessness nationwide.

This story was produced by the Mountain West News Bureau, a collaboration between Wyoming Public Media, Boise State Public Radio in Idaho, KUNR in Nevada, the O’Connor Center for the Rocky Mountain West in Montana, KUNC in the Colorado, KUNM in New Mexico, with support from affiliate stations throughout the region. Funding for the Mountain West News Bureau is provided in part by the public broadcasting company.

Copyright 2022 Wyoming Public Radio. To see more, visit Wyoming Public Radio.

South Dakota investigation assesses Noem’s use of state aircraft

September 24, 2022

Montana Economy

Comments Off on South Dakota investigation assesses Noem’s use of state aircraft

SIOUX FALLS, SD (AP) — South Dakota Governor Kristi Noem was returning from an official appearance in Rapid City in 2019 when she had to make a decision: to spend the night in the capital of Pierre, where another trip would start the next day, or go home and see her son attend his high school prom?

The Republican governor chose the latter, a move that ultimately cost taxpayers some $3,700 when the state plane dropped her off near her home and then returned the next day to pick her up.

It was one of many trips that year where Noem, a potential candidate for the White House in 2024, blurred the lines between official travel and attending family or political events. The trips sparked a complaint to the state Ethics Committee, which referred the matter to the state’s Criminal Investigations Division. A county prosecutor overseeing the investigation will decide whether the governor violated an untested law passed by voters in 2006 to curb questionable use of the state plane.

The governor was also sued by the same ethics committee for intervening at a state agency shortly after deciding to deny his daughter a real estate appraiser’s license.

As the Noem political star rose in 2020, she began using private jets to travel to fundraisers, campaign events and conservative rallies.

But before that, during his first year in office in 2019, Noem used the state plane six times to travel to out-of-state events hosted by political organizations, including the Republican Governors Association, the Republican Jewish Coalition, Turning Point USA and the National Riflemen Association. Raw Story, an online news site, first reported on the trips, which the governor’s office has championed as part of her job as the state’s “ambassador” to bolster the economy of the region. state and intergovernmental relations.

Airplane logs from the state also show Noem had family members who joined her on flights into the state in 2019.

The 2006 ballot measure was a response to the government’s scrutiny of air travel at the time. Mike Rounds, who attended events such as his son’s away basketball games while traveling on other official business. At the time, Rounds, now a U.S. senator, used political funds to reimburse the state for those trips, as well as travel to political events.

State Sen. Reynold Nesiba, a Democrat who proposed the ballot measure before becoming a lawmaker, said voters were clear in their intent.

“When used for family members, it appears to be a clear violation of not only the letter but also the spirit of the law which was overwhelmingly passed,” he said. .

Noem’s campaign spokesman Ian Fury said it was “fully within the rules” for family members to join governors on flights, adding that “the level of fussiness is ridiculous because she does that stuff less than Dennis Daugaard,” referring to Noem’s Republican predecessor. .

The state plane logs of Linda, the wife of Daugaard’s last show, often joined the trips. Daugaard’s sister and daughter also joined one trip each in 2017 and 2016 respectively. Noem’s children — not including his daughter Kennedy Noem, a member of the governor’s staff as a political analyst — went on nine plane trips during his first term.

On another trip, Noem’s itinerary allowed her to return home for her son’s prom. On April 5, 2019, she flew from Watertown State, near her home in Castlewood, to Rapid City for an announcement at Ellsworth Air Force Base. On the return flight, the plane stopped in the capital Pierre to drop off Rounds, who had joined her for the trip, and several helpers. But even though she had another trip from Pierre to Las Vegas for a Republican Jewish Coalition event scheduled for the next day, Noem did not stay at the governor’s mansion there.

She flew to Watertown, near her home, in time to see her son take the stage at his prom, according to Noem’s social media posts. The state plane, meanwhile, returned to Pierre, to make the return trip to Watertown for the governor the following day.

Fury defended the trips because her trip started in Watertown, near where she had spoken at an event for her son’s school district the day before.

“Part of official travel comes from official travel,” Fury said.

He used a similar defense for a May 30, 2019 trip that started in Custer, where she was staying to help her daughter prepare for her wedding, and traveled the state to speak at two youth leadership events. . Noem’s son, nephew and one of their friends who were attending one of these events in Aberdeen returned on the official plane to join in the wedding preparations.

Fury said adding his son and friends to the flight didn’t cost the state extra money and was part of his official trip.

Richard Briffault, a Columbia Law School professor who specializes in government ethics, said Noem’s trips to political events appeared to fall into a legal gray area. While traveling to raise funds or campaign would clearly break the law, he said, traveling to meet with political groups was “pushing the line”.

Across the country, Democratic and Republican governors have come under scrutiny for their use of state planes. New York, Kentucky, Minnesota and Montana allow governors to play politics with state-owned aircraft, but impose certain restrictions and require refunds for political purposes. New York also allows immediate family members to travel with the governor.

Hughes County State’s Attorney Jessica LaMie, who was appointed to determine whether Noem broke the law, promised a “thorough” investigation.

“If you take away the title and all that, it’s no different than any other survey,” she said.

Neil Fulton, the dean of the University of South Dakota Law School who also served as Rounds’ chief of staff after the 2006 law was signed into law, said it was not entirely clear what the law means exactly by “state affairs”. He said other jurisdictions generally define affairs of state as “actions to advance state programs or initiatives.”

The law imposes high fines: $1,000 plus 10 times the cost of the trip. Offenders also face a Class 2 misdemeanor, which carries a maximum sentence of 30 days in jail, but is generally only reserved for repeat offenders or violent repeat offenders.

“We weren’t expecting to convict anyone of anything,” said Nesiba, the state legislator. “We hoped to have a deterrent effect.”

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Have you heard of ADCONs? How to Prepare for Fannie Mae and Freddie Mac’s New Address Privacy Program Requirements | Bradley Arant Boult Cummings LLP

September 23, 2022

Montana Mortgages

Comments Off on Have you heard of ADCONs? How to Prepare for Fannie Mae and Freddie Mac’s New Address Privacy Program Requirements | Bradley Arant Boult Cummings LLP

In July of this year, Fannie Mae announced an update to the Agency’s guidance for sellers and service agents to include requirements that mortgage sellers and service agents comply with programs. address privacy policy (ADCON) and enter a coding for borrowers who identify themselves as participants in such programs (SEL-2022-06; SVC-2022-05). Fannie Mae’s announcement follows a similar announcement from Freddie Mac in December 2021 (Bulletin 2021-29).

What are ADCONs and what should banks, lenders and service providers know about them?

ADCONs are state-sponsored programs designed to protect certain “participants” who are victims of crime by keeping participants’ home, work and/or school addresses confidential (“protected information”). All states and the District of Columbia have some form of ADCON law except Alaska, Utah, South Carolina, South Dakota, and Wyoming. There are a variety of types of ADCON, but all programs work by providing the participant with an alternate address (a “designated address”) to use instead of the participant’s physical home address (or “real address”). . Each ADCON has a state-level administrator who processes ADCON participation requests, forwards incoming mail to the designated address, and accepts process service for participants.

As originally enacted, ADCON obligations only applied to government agencies such as state DMVs or county registrars. In recent years, however, 21 states have adopted ADCONs that explicitly extend these obligations to private entities. Five states require private entities such as financial services companies to use the designated address in correspondence and not disclose the participant’s protected information. These five mandatory states are Indiana, Iowa, Maryland, Minnesota and Wisconsin. Two other states, Michigan and Ohio, prohibit financial services companies from disclosing protected information of participating employees. In other states, financial services firms are prohibited from obtaining an individual’s real address if the firm knows the individual is a participant.

Even if an ADCON law does not explicitly oblige private companies to comply with it, all state administrators encourage voluntary compliance by private companies. See, for example, the Montana Safe at Home training video for private companies (note that various states refer to ADCONs as “Safe at Home” programs).

What is Fannie Mae and Freddie Mac want sellers and repairers to do?

First, agencies want vendors and services to let them know if a borrower is a participant. This means that sellers and managers must enter a unique code for existing loans and future transferred loans, marking the borrower as an ADCON participant. Freddie Mac is also asking vendors to notify it of the designated address for attendees.

Second, Fannie Mae also wants sellers and repairers to comply with state laws. This means that managers must send borrower statements and other correspondence to the designated address; not to disclose the actual address without the specific consent of an entrant; and, where applicable, not to search for the real address in the public records of known participants. Notably, even though agency announcements brought about the ADCON laws, these obligations existed before the agency announcements.

Fannie Mae’s compliance deadline was September 21, 2022 and Freddie Mac’s compliance deadline was December 1, 2021.

How can financial services companies comply with ADCON?

Most financial institutions and service providers face two fundamental challenges with ADCON compliance. First, they may not have a process in place to flag participants for account opening or loan onboarding and therefore may not be aware of existing participant accounts currently in their portfolio. . Second, when making loans and opening accounts, they may not have processes, policies and procedures in place to identify participants and manage participant accounts once they are opened. . This same problem may exist for the active loan service.

Payday lender Cash Express reports data breach affecting 100,000 customers

September 23, 2022

Montana Loans

Comments Off on Payday lender Cash Express reports data breach affecting 100,000 customers

Non-bank lending company Cash Express this month reported to the Montana Attorney General a data breach that allowed an unauthorized party to access sensitive consumer information of more than 100,000 people.

The company, which provides payday loans, check cashing, title loans and other high-cost short-term lending services, said in a letter to those affected that an unauthorized party obtained their personal information, including dates of birth, social security numbers, financial information. and contact information earlier this year. The Cookeville, Tennessee-based company did not provide specific details about how the breach occurred.

Richard Console, a personal injury lawyer, said in a legal blog that the most common harm from data breaches Hackers use people’s personal information to open new credit cards or personal loans. Console told American Banker in an email that it has seen an increase in data breaches since the start of the COVID-19 pandemic, particularly in 2021.

“The lesson to be learned from any data breach is that companies need to do more to protect the sensitive consumer information entrusted to them,” Console said in the email to Banker. “Certainly creating and maintaining robust data security protocols is an additional cost; however, given the ever-increasing number of data breaches, the expense is justified.”

At least 80 financial services companies reported data breaches in 2022according to the Maine Attorney General’s Office, though Maine only tracks violations that affect at least one resident of the state.

In its letter to those affected, Cash Express said it had engaged a third-party data security firm to conduct an investigation after detecting unusual activity on its corporate network on February 6. The investigation revealed that an unauthorized party accessed part of the computer system between January 29 and February 6. According to the Maine Attorney General’s Office, 106,521 people were affected through the breach.

Cash Express received the results of the investigation on August 4 and reported the activity to the Montana Attorney General and affected individuals on September 15. CEO Garry McNabb said in the letter that Cash Express is offering free credit card monitoring to affected individuals through a one-year membership to Experian’s IdentityWorks.

The consumer lending company was founded in 1995. It operates through offices in the Midwest and the South.

In 2018, the Bureau of Consumer Financial Protection Bureau announced that Cash Express would pay a civil penalty of $200,000 and restitution of $32,000 to customers for a series of violations of the Consumer Financial Protection Act involving deceptive consumers.

Volunteer Day touches the surface of needed help in the community

September 23, 2022

Montana Lending

Comments Off on Volunteer Day touches the surface of needed help in the community

NORTH PLATTE, Neb. (KNOP) — To give back to the places it calls home, First Interstate Bank, a community bank with more than 300 branches in 14 states, is hosting its fifth annual Volunteer Day on Wednesday, September 14. First Interstate sites closed that day at noon, giving its employees paid time to volunteer in nearly 400 separate service projects in its communities.

In North Platte, volunteers chose the Salvation Army as the nonprofit organization to help.

Half of First Interstate Bank employees helped out last Wednesday on the city’s North Side, participating in the Kettle Ball and Santa Cop campaigns. The other half worked together at the family’s Salvation Army store, working in the warehouse.

First Interstate Bank of North Platte Business Group Manager Troy Brandt said the Salvation Army people were very grateful for the help.

Salvation Army Major Lynneta Poff said the warehouse contained a huge pile of donations at least a meter high that needed to be sorted.

Lori Gutherless works at the Salvation Army family store. She said that without the help of First Interstate Bank employees, they would still be sifting through the large pile of donations. “They stayed here for four hours and helped us and it was like something we couldn’t do in a week with our staff and everything.”

“It was amazing to have their help and we appreciate it.”

“Today focuses and amplifies the efforts of our wonderful employees, who give generously to the places where they live and work,” said Kevin Riley, President and CEO of First Interstate BancSystem, Inc. “We are honored to celebrate the power of community with our neighbors today.

The overarching philanthropic goal of this year’s Volunteer Day is rooted in the fight against poverty, hunger and homelessness. However, employees have been empowered to select service projects that meet the specific needs of their communities. first highway Volunteer Day Microsite has a comprehensive list of these service projects organized by location, and includes project descriptions, event locations, and on-site points of contact.

Although First Interstate branches will be closed in the afternoon, the Customer Contact Center will be fully staffed and available to assist customers from 7:30 a.m. to 7:00 p.m. MT. Customers can also visit ATMs or use online banking or mobile banking app for their immediate banking needs. Regular branch and service hours will resume on Thursday, September 15.

An attitude of gratitude

Giving back on Volunteer Day isn’t just a unique goal for First Interstate; it’s a philanthropic philosophy that employees put into practice every day.

“Investing in our communities, whether through local sponsorships, donations, volunteer efforts or business development, is what makes us who we are – a full-service community bank offering a unique set of products and services, yes, but more importantly, a trusted community partner and neighbor,” Riley said.

Over the past three months, First Interstate has made that commitment a reality through its inaugural “Believe in Local” campaign, awarding 40 separate $25,000 gifts to deserving nonprofit organizations in its service area, totaling of $1 million. First Interstate’s annual Volunteer Day highlights and punctuates these efforts, amplifying the Bank’s impact to levels never seen before.

Making a difference where the bank calls home

In addition to Volunteer Day and Believe in Local, First Interstate supports other innovative philanthropy-focused programs, including Teach kids to save, neighbors to feed neighbors, give them coats and more, and be credit smart.

Additionally, through its Volunteer Matching Program, First Interstate pays nonprofit organizations $10 for every hour that First Interstate employees volunteer at their organizations (minimum 10 hours). First Interstate also matches employee donations to nonprofits and donates 2% of its pretax net income to charities. For more information on how First Interstate contributes to the health and happiness of the places it calls home, please take a look at our Community Dashboard.

About the first highway

First Interstate is a community bank based in Billings, Montana, providing the best banking and wealth management services in Arizona, Colorado, Idaho, Iowa, Kansas, Montana, Nebraska, Missouri, Minnesota, North Dakota, Oregon, South Dakota, Washington and Wyoming. With more than 300 offices, First Interstate improves the communities it serves through an innovative corporate philanthropy program, which includes donating a portion of company profits, matching personal financial contributions from employees and the donation of $10 per hour for volunteer efforts in eligible organizations. To learn more, please visit

Copyright 2022 KNOP. All rights reserved.

Inmates walked out of Illinois jail on pandemic loans

September 22, 2022

Montana Loans

Comments Off on Inmates walked out of Illinois jail on pandemic loans


JOLIET, Ill. (AP) — More than two dozen people have been charged in Illinois with fraudulently obtaining pandemic relief money, with authorities alleging some of them were behind bars when ‘they used their relief money to post bail and get out of jail.

Joliet Police Chief William Evans said Wednesday that 25 people were part of the alleged fraud scheme to obtain Paycheck Protection Program checks without operating real businesses.

Fifteen of the defendants had been arrested on Wednesday and arrest warrants were pending for 10 others. They all face charges of wire fraud, theft and loan fraud, officials said.

Evans said each fraudulently obtained loan cost between $19,000 and $20,000, with the fraud costing taxpayers more than $500,000.

Investigators found that some of the defendants were being held in Will County Jail in Joliet, a Chicago suburb, when they applied for and received loans under the pandemic program and then used the money to get away of prison in their cases of crime.

People also read…

Evans said some of the defendants were in police custody and used jail phones “to complete the fraudulent PPP loan process.”

“Some of the targets got out of their criminal cases within days of receiving their fraudulent PPP loan,” he said at a press conference on Wednesday.

Joliet Police Detective James Kilgore said investigators had obtained bank statements and it “appeared some of these people had in fact used the money to link up with a felony case.”

A message was left with Joliet police on Thursday by The Associated Press requesting additional information about the allegations.

The U.S. Department of Homeland Security, the U.S. Department of Labor’s Office of Inspector General and the Will County State’s Attorney’s Office also participated in the investigation.

Emergency loans to small businesses during the coronavirus pandemic have been added last year to a list of government programs considered to be at high risk of waste, fraud or mismanagement.

In August, the The US Secret Service said he had recovered $286 million in fraudulently obtained pandemic loans and was returning the money to the Small Business Administration.

“It’s like the pandemic. It’s absolutely everywhere too,” Sean Fitzgerald, Special Agent in Charge of Homeland Security, said at Wednesday’s press conference in Joliet.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Biden-Harris administration announces $502 million for broadband internet in rural communities

September 22, 2022

Montana Economy

Comments Off on Biden-Harris administration announces $502 million for broadband internet in rural communities

The funding will provide high-speed Internet access to people and businesses in rural and remote areas in 20 states; Additional funding will come from President Biden’s bipartisan Infrastructure Act in the coming months

WASHINGTON, September 22, 2022 – United States Department of Agriculture (USDA) Secretary Tom Vilsack today announced that the department is providing $502 million in loans and grants (PDF, 221 KB) to provide high-speed Internet access to residents and rural businesses in 20 states. The funding is part of the Biden-Harris administration’s commitment to invest in rural infrastructure and provide reliable and affordable high-speed internet for all. The USDA is making the investments under the third round of funding for the ReConnect program. The Department will make additional investments for rural broadband internet in the coming months, including funding President Biden’s Bipartisan Infrastructure Act, which includes a historic $65 billion investment to expand the ‘affordable high-speed Internet to all communities in the United States.

“President Biden’s commitment to bringing high-speed internet to rural communities is fundamental to ensuring that the national economy continues to grow from the bottom up and down the middle,” Vilsack said. “High-speed Internet will improve the rural economy. It will help rural businesses grow and access new markets. It will help rural residents gain access to more and better health care and educational opportunities. The USDA knows that rural America is America’s backbone, and prosperity here means prosperity for everyone.

USDA awards 32 awards in Alabama, Alaska, California, Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, Oklahoma, Oregon, Tennessee, Texas and Wyoming . Many of the awards will help rural people and businesses on tribal lands and people in socially vulnerable communities.

As part of today’s announcement:

  • In Michigan, the Sault Ste. Marie Tribe of Chippewa Indians receives $25 million grant to connect 1,217 people and 26 businesses to high-speed internet in Chippewa and Mackinac counties. The tribe will make high-speed internet affordable by requiring its service provider to participate in the Federal Communications Commission’s (FCC) Affordable Connectivity Program, which offers a rebate of up to $30 per month – or $75 per month for households on tribal lands – on household Internet bills, as well as the FCC’s Lifeline program. This project will serve Sault Ste. Marie Off-Reservation Trust Land, the Sault Ste. Marie Reservation as well as socially vulnerable communities in Chippewa and Mackinac counties.
  • Net Vision Communications LLC is receiving a $12.4 million loan to connect 4,587 people, 300 businesses, nine farms and 15 public schools to high-speed Internet in Barton County, Missouri. This project will serve socially vulnerable communities in the county.
  • Southern Plains Cable LLC in Oklahoma receives an $8.1 million loan and $8.1 million grant to deploy a fibre-to-the-premises network that will connect 7,093 people, 230 businesses, six farms and 29 high-speed Internet schools in Caddo, Comanche, Cotton and Grady counties. Southern Plains will make high-speed Internet affordable by participating in the FCC’s Affordable Connectivity and Lifeline programs. This project will serve the Kiowa-Comanche-Apache-Fort Sill Apache Tribal Statistical Area as well as socially vulnerable communities in Cotton County.

The USDA has so far announced $858 million in ReConnect’s third round of funding and expects to make further investment announcements under this program in the coming weeks. Today’s announcement follows the Department’s July 28 announcement that it has invested $356 million through the ReConnect program to help very rural residents and businesses in 11 states (PDF, 192 KB) to access high-speed Internet.

Context: ReConnect program

To be eligible for ReConnect program funding, an applicant must serve an area where high-speed Internet service speeds are less than 100 megabits per second (Mbps) (download) and 20 Mbps (upload). The applicant must also commit to constructing facilities capable of providing high-speed Internet service at speeds of 100 Mbps (download and upload) to each location within its proposed service area.

To learn more about investment resources for rural areas, visit or contact the nearest USDA State Office of Rural Development.

Background: bipartisan infrastructure law

President Biden has forged consensus and compromise among Democrats, Republicans, and Independents to demonstrate that our democracy can bring great victories to the American people. After decades of talk about rebuilding America’s crumbling infrastructure, President Biden has introduced the Bipartisan Infrastructure Act – a historic investment in America that will change people’s lives for the better and shake things up. America again.

The bipartisan Infrastructure Act provides $65 billion to ensure that every American has access to affordable and reliable high-speed Internet through a historic investment in the deployment of broadband infrastructure. The legislation also lowers the costs of internet services and helps bridge the digital divide, so that more Americans can take full advantage of the opportunities afforded by internet access.

USDA Rural Development provides loans and grants to help expand economic opportunity, create jobs, and improve the quality of life for millions of Americans in rural areas. This aid supports the improvement of infrastructure; Business development; lodging; community facilities such as schools, public safety and health care; and high-speed Internet access in rural, tribal and very poor areas. For more information, visit

The USDA touches the lives of all Americans every day in so many positive ways. In the Biden-Harris administration, the USDA is transforming the US food system with greater emphasis on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe food, healthy and nutritious in all communities, creating new markets and income streams for farmers and producers using climate-smart food and forestry practices, making historic investments in clean energy infrastructure and capacity in the rural America, and committing to equity across the department by removing systemic barriers and creating a workforce that is more representative of America. To learn more, visit

If you would like to subscribe to USDA rural development updates, visit our GovDelivery subscriber page.


The USDA is an equal opportunity provider, employer and lender.

US cities with the highest rent-to-price ratios | Houses

September 21, 2022

Montana Mortgages

Comments Off on US cities with the highest rent-to-price ratios | Houses

Photo credit: tokar / Shutterstock

With the rapid rise in real estate and rental prices over the past two years, American households that do not currently own a home are facing a major affordability crisis.

The residential real estate market took off shortly after the start of the COVID-19 pandemic. Buoyed by rising savings, low interest rates and government stimulus programs and driven by a desire for more living space, buyers rushed into the market. Increased competition has sent home prices to record highs. But now, with interest rates rising in an attempt to cool the market and rising prices being the new normal, many potential buyers have been pushed aside.

This state of affairs has left more potential buyers in the rental market and, due to increased demand, rents have skyrocketed over the past year and a half. The early months of the COVID-19 pandemic in 2020 saw rents hold steady as eviction moratoriums and federal housing assistance programs were in place. But with the expiry of these programs and increased competition for rentals, rents have taken off: in 2021, the median rent increased by 17.6%, and the median rent increased again by 6.7% already in 2022. .

For homeowners and landlords with locked in costs, the current market has been a boon. Owners have earned about $6 trillion in equity during the pandemic. Landlords, especially large business owners, enjoy higher profit margins as they raise rents to reflect market conditions.

Student loan forgiveness benefiting 120,000 Montanese | State and Region

September 21, 2022

Montana Loans

Comments Off on Student loan forgiveness benefiting 120,000 Montanese | State and Region

The U.S. Department of Education estimates that 120,400 Montanese are eligible for some degree of student debt forgiveness under a plan announced by President Joe Biden last month.

A significant number of those who qualify, 78,600, were Pell Grant recipients, meaning they are eligible for the maximum $20,000 in debt forgiveness. Pell grants are awarded only to students with exceptional needs, most with household incomes below $30,000 per year, according to the DOE.

Non-Pell beneficiaries earning less than $125,000 a year could receive debt forgiveness of up to $10,000. Student loans are standard at Montana universities and colleges for full-time freshmen, about 80% of whom have borrowed money over the past decade. About 61% of college graduates in Montana have taken out loans, the average owed is about $27,290 for graduates who attended school as residents of the state.

People also read…

“It means more breathing room for millions of families,” James Kvaal, undersecretary of the Department for Education, said in a press call on Tuesday. “It means renters are pursuing their dream of home ownership. It means parents who thought they would pay off their student debt for the rest of their lives. can now save for their own children’s education.

The loan forgiveness was not viewed favorably by elected Montana Republicans. Governor Greg Gianforte joined other Republican governors in calling on Biden to drop the loan cancellation plan, calling the move a benefit to the “elites” in society at the expense of taxpayers.

U.S. Senator Steve Daines called the loan forgiveness “totally unfair, wildly irresponsible and clearly unconstitutional,” also calling the forgiveness a burden on the taxpayers of Montana on the day Biden’s plan was announced.

Kvaal said on Tuesday that the Department of Education expects the loan cancellation plan to be recognized by law as something Education Secretary Miguel Cardona can do to compensate for financial damage. of the pandemic.

“We have considered the question of the Secretary’s legal authority to carry out this action quite extensively. We looked at it from all angles. The Secretary clearly has the power to protect borrowers from financial harm resulting from the pandemic and we are fully confident that he has the power to do so,” Kvaal said.

Tuition and fees at Montana’s flagship universities were $7,500 per year in the 2021-2022 school year, according to the Montana University System. Small colleges cost less than $6,000. The state of Montana has frozen tuition in 14 of the past 15 years at two-year colleges to manage the cost of educating students. Smaller colleges have had tuition freezes in 11 of the past 15 years, while flagship schools in Missoula and Bozeman have had tuition freezes in nine of the past 15 years.

GOP attorneys general ask credit card companies to rescind new gun purchase code

September 20, 2022

Montana Economy

Comments Off on GOP attorneys general ask credit card companies to rescind new gun purchase code

Nearly two dozen Republican attorneys general are pushing back against a plan by major credit card companies to add a new code to categorize gun sales, saying it would do more harm than good.

The policy change from Visa, Mastercard and American Express was celebrated by gun control activists last week as a way to flag suspicious sales, but attorneys general say it misses the mark on security public and targets gun owners, the wall street journal reported Tuesday.


Semi-automatic handguns are displayed at Duke’s Sport Shop, Wednesday, March 25, 2020, in New Castle, Pa.

(Keith Srakocic/AP)

“The categorization of the constitutionally protected right to purchase firearms unfairly targets law-abiding merchants and consumers,” attorneys general from 23 states wrote in a letter to the credit card companies.

Gun control advocates have urged the financial industry to play its part in helping curb mass shootings.

Gun rights groups have argued that the new code system punishes gun buyers and violates their Second Amendment rights.

Tennessee Attorney General Jonathan Skrmetti and Montana Attorney General Austin Knudsen are leading the campaign to get the credit card companies to back down.

“We will mobilize the full extent of our legal authority to protect our citizens and consumers from unlawful attempts to infringe on their constitutional rights,” their letter read.


Visa, Mastercard and American Express said the new codes would not infringe on anyone’s freedoms and said they would not block any purchases based strictly on the type of merchant code attached.

Sean Pahut, financial consultant at Montana Wealth Management, was interviewed on a podcast about working with a financial broker versus a financial planning advisor

September 20, 2022

Montana Mortgages

Comments Off on Sean Pahut, financial consultant at Montana Wealth Management, was interviewed on a podcast about working with a financial broker versus a financial planning advisor

Sean Pahut explains how Montana Wealth Management aims to build trust around financial planning by using their experienced advisors to create a personalized plan designed to best support their clients’ financial, family and life goals. Whether it’s a new empty nest, a wedding, a divorce, a move, a big promotion at work, aging parents, the sale of a business or the creating a new… change is inevitable.

Listen to the interview on the Business Innovators Radio Network:

Interview with Sean Pahut, Financial Consultant with Montana Wealth Management Discussing Working with a Financial Broker vs Financial Planning Advisor

A financial broker is someone who helps clients buy or sell financial products. They work with various financial institutions to get the best deal for their clients. Financial brokers can provide a wide range of services, including investment advice, insurance products and mortgage financing.

A financial planner is someone who helps clients create long-term financial plans. They will consider their current financial situation, goals, and risk tolerance to develop a plan that outlines how they can work to achieve their financial goals. Financial planners can also provide investment, retirement and estate planning advice.

Pahut said, “While financial brokers and financial planners can provide valuable services, there are some key differences you should be aware of. One of the most important differences is that financial planners are fiduciaries. This means they are legally bound to act in your best interests, which aligns their incentives with yours and helps ensure they provide personalized advice. Financial brokers, on the other hand, are not trustees. Trustees must adhere to a strict code of ethics. This helps to ensure that they provide high quality services.

Pahut says: “For more than 25 years, I have been helping my clients solve their financial problems and develop sound strategies by focusing on the specific needs of each one. My practice is founded on a commitment to my clients to follow a refined process, as I believe this is the foundation of a successful, long-term relationship. I work with qualified individuals, families and businesses to provide integrated wealth management and planning services. Integrity, personalized advice, attention to detail and an unwavering commitment to the well-being of my clients are the hallmarks of my service process.

About Sean Pahut

Sean earned his finance degree from Carroll College in Helena, MT and holds Series 7, 63 and 66 registrations through LPL Financial and a Montana insurance license. Giving back to the community is important to him. He was LT. Governor at Kiwanis previously served on the board of directors of Marias Medical Center and volunteered as a wrestling and baseball coach. He and his wife have two children and live in Great Falls, where they are active in their children’s school and sports activities.

Learn more:

Other recent stories:

Discuss the benefits of being an Independent Financial Professional financial-professional/

Securities and advisory services are offered by LPL Financial, a registered investment adviser, Member FINRA/SIPC. The opinions expressed in this recording are for general information only and are not intended to provide specific advice or recommendations to any individual. To determine which strategies or investments might be right for you, consult the appropriate qualified professional before making a decision. Any investment involves risk, including loss of principal. No strategy guarantees success or protects against loss. There is no guarantee that a diversified portfolio will improve overall returns or outperform an undiversified portfolio. Diversification does not protect against market risk. The economic forecasts presented herein may not develop as expected and there can be no guarantee that the strategies promoted will be successful.

Media Contact
Company Name: Marketing Huddle, LLC
Contact person: Mike Saunders, MBA
E-mail: Send an email
Call: 7202323112
Country: United States

Montana allows transgender people to change their birth certificate

September 19, 2022

Montana Loans

Comments Off on Montana allows transgender people to change their birth certificate

HELEN, Mont. (AP) — After months of defiance, the Montana Department of Health said it would follow a judge’s ruling and temporarily allow transgender people to change gender on their birth certificates.

In an order written Monday morning, the judge said state health officials committed “calculated violations” of his order earlier this year to temporarily stop enforcing a state law that would prevent transgender people to change sex on their birth certificate.

The health department passed a rule that no one could change the sex on their birth certificate unless there was a clerical error. Under the order, transgender residents can obtain a corrected birth certificate by submitting a sworn affidavit to the health department.

THIS IS A BREAKING NEWS UPDATE. AP’s previous story follows below.

HELEN, Mont. (AP) — A Montana judge issued a scathing ruling on Monday saying state health officials committed “calculated violations” of his order to temporarily stop enforcing a law aimed at keeping transgender people out to change sex on their birth certificate unless they have undergone surgery.

District Judge Michael Moses said he would quickly consider contempt motions based on continued violations of his April order, which he clarified in a verbal order at a hearing Thursday. Just hours after that hearing, the Republican-led state said it would defy the order.

At Thursday’s hearing, state attorneys argued that blocking the law does not prevent the health department from enacting new administrative rules.

The state, Moses wrote, engaged “in unnecessary legal gymnastics in an attempt to rationalize their actions and calculated violations of order.” He called the state’s interpretation of his earlier order “grossly ridiculous.”

The state Department of Public Health and Human Services and the attorney general’s office did not immediately respond to an email Monday seeking comment.

“It’s up to the department to comply with the order and if they don’t, the consequences are clear,” said Alex Rate, attorney for the American Civil Liberties Union of Montana, which represents the two transgender plaintiffs who want to change the gender marker on their birth certificates.

In April, Moses temporarily blocked a law passed by the Republican-controlled 2021 legislature that would require transgender residents to undergo surgery and obtain a court order before they could change their sex on their birth certificate. He said the law, which did not specify what type of surgery would be required, was unconstitutionally vague.

Rather than revert to a 2017 rule that allowed transgender residents to file an affidavit with the health department to correct the gender on their birth certificate, the state instead issued a rule stating that a person’s gender couldn’t be changed at all, unless there was a desk. Mistake.

The health department “has refused to issue birth certificate corrections for weeks in violation of the order,” Moses wrote.

The ACLU of Montana had sought judicial clarification due to state inaction.

Moses’ order on Monday included a copy of the 2017 rules.

“If the defendants need further clarification, they are encouraged to seek it from the court rather than engaging in activities that constitute unlawful breaches of the order,” Moses wrote.

Such an open challenge to a judge’s order is highly unusual from a government agency, said Carl Tobias, a former professor at the University of Montana Law School, now at the University of Richmond. . When officials disagree with a decision, the typical response is to appeal to a higher court, he said.

“Appeal is what you envision – not that you can overrule a judge’s orders. Otherwise people just wouldn’t obey the law,” Tobias said Thursday. “The system can’t work in this way.”‘

The legal dispute comes as conservative lawmakers in many states, including Montana, have sought to restrict transgender rights, including banning transgender girls from participating in girls’ school sports. Another Montana judge ruled last week that a law passed by state lawmakers to bar transgender women from competing on women’s collegiate sports teams was unconstitutional.


Associated Press reporter Matthew Brown in Billings, Montana, contributed to this story.

Black bear spotted in Upper Miller Creek neighborhood

September 18, 2022

Montana Economy

Comments Off on Black bear spotted in Upper Miller Creek neighborhood

This reporter and his wife were driving up St. Francis Drive and heading towards the intersection of St. Thomas Drive in the Upper Miller Creek area around 3:00 p.m. Sunday when we spotted a small black bear crossing the road and into a large lot belonging to one of our neighbors.

As we pulled off the road and called 9-1-1, the bear ran as fast as he could across the large lawn.

A large family group with a good-sized dog also spotted the bear, which ran from the yard until it was out of sight.

There are many houses in the area and many have large gardens and apple trees.

Since the bear was not acting threatening and was obviously trying to get away from people in the area as quickly as possible, 9-1-1 advised us to report to Missoula Bears dot org, this that we did.

According to Montana Fish, Wildlife and Parks bear specialist Jamie Jonkel, who recently spoke to KGVO News about such encounters, the bears are having a hard time finding enough food to prepare for their winter hibernation.

Jonkel took a very serious tone when discussing the bear problem in western Montana at this time, as the entire region was experiencing a “food shortage”.

“Right now we do have an ongoing food shortage,” he said. “We have black bears and grizzly bears all over region two, even in the Kalispell and Bozeman area. As a result, we have a lot of bears behaving a bit uncharacteristically. Either they totally ignore us or they try to get our apples. They try to get our hawthorn berries in the garden and if you have garbage there they will try to get your garbage.

Jonkel said the bears in particular were desperately hungry as they prepared for hibernation.

“Now this year, it’s so important from now on that everyone has all their attractions locked up, but they also have to be a little patient because the bears are desperate,” he said. “So if you have a crabapple tree and you live near a mountain or a stream, you’re going to have bears in your yard. It’s been a bad year for bears. So call us with information, but also be patient and realize that they are hurting and doing things a little differently this year.

If you see a bear in a residential area, report it to Missoula Bears dot org, or if the bear or any predator is acting threatening, call 9-1-1.

RANKED: Here are the most popular national parks

To determine the most popular national parks in the United States, Stacker compiled National Park Service data on the number of recreational visits to each site in 2020. Keep reading to discover the 50 most popular national parks in the United States , in reverse order from #50 to #1. And be sure to check with individual parks before your visit for current pandemic-related safety precautions at

Get to know Missoula from A to Z

All about Missoula, Montana.

Ousted: the housing crisis weighs heavily on the West | Local News

September 18, 2022

Montana Mortgages

Comments Off on Ousted: the housing crisis weighs heavily on the West | Local News

ABOUT THIS SERIES: Across the West, the costs associated with renting or buying a property have skyrocketed, forcing individuals and families to make tough decisions about what a home should look like in a volatile market. The median asking price for rent in the United States recently topped $2,000 for the first time ever, and the cost of buying a home has soared as much as 25% in some cities in the past year alone . These increases have pushed the housing crisis in the West to breaking point, making the American dream of stable housing accessible to fewer and fewer families and individuals. This series, Squeezed Out, observes the current state of the housing market and the challenges it presents to renters and buyers, as well as possible solutions to the problems. More than a dozen reporters, photographers and editors from Lee Enterprises locations across the West contributed to this series.


In Western cities, the average purchase price has climbed 25% over the past year, pushing the American dream of homeownership even further out of reach.

It’s the worst of both worlds: even though the historic rise in house prices is slowing, prices remain high and interest rates rise. As a result, middle-class homebuyers are already struggling to find a home they can afford in a place they want to live in the face of even tougher times.

They are competing with cash-rich investors who don’t need mortgages and are finding fewer new homes to choose from as homebuilders slack off on new construction.


Tenant pain: The brunt of the housing crisis is hitting people who aren't even looking to buy a house

Across the West, renters are being displaced when their apartments are converted to condos or their mobile home parks are sold to developers looking for land to build on.

High house prices hurt one group that isn’t even looking to buy: renters. Western tenants are being displaced by condominium apartment complexes, mobile home parks being sold for land and rents doubling as landlords find they can attract people who have money but don’t still can’t afford to buy houses. Those who stay are seeing their monthly payments skyrocket as remote workers move in and demand increases, and potential buyers can’t find places they can afford. All of this pushed the median asking price for rent in the United States past $2,000 for the very first time.


How to Solve the Affordable Housing Crisis

Communities seem to have three choices: expand, grow, or stop growing.

how to bring down homand price? Spreading, filling or regulation. Building on the outskirts, where land is cheaper, allows for cheaper homes to be built, but means scraping up open land and encouraging gas mileage as homeowners drive farther. Building on existing land in town allows developers to move up when they can’t get out, but rampaging NIMBYism often makes that impossible. Affordable housing requirements can create units for renters across the city, but some states specifically prohibit them.


In Montana's booming real estate market, a cash-strapped young buyer beats the system

After many failed attempts, here I am sitting, a young non-traditional shopper in my own home.

Rotting floors, standing water and rejected offers left a Montana house hunter frustrated and discouraged. During the short time that Amy Lynn Nelson dreamed of becoming a first-time home buyer in Billings, Montana, the housing market had changed dramatically. Her choices, she said, ranged from chicken coop to ramshackle hut. But patience and connections helped her learn to work in a tough housing system — and finally land a small-town bungalow on her own.


Countless individuals and families across the West are navigating a volatile housing market. In many cities and towns, the cost of renting or owning is increasing. Tenants facing big rate hikes are being forced to move elsewhere, and potential buyers are competing with deep-pocketed investors and all-cash offers. Here’s what tenants and buyers in the West have to say about the market.

Blackfoot Nation Begins Implementation of Climate Change Adaptation Plan

September 17, 2022

Montana Economy

Comments Off on Blackfoot Nation Begins Implementation of Climate Change Adaptation Plan

The entire state has experienced some form of drought impact over the past two years, but there is no doubt that north-central Montana has experienced the most persistent and severe drought.

The Blackfoot Reservation encompasses approximately 1.5 million acres in some of the areas hardest hit by the drought. The economy of the reserve is largely based on agriculture and over 80% of the land is used for agriculture.

“The plant change is so big – we haven’t even had any berries this year. We actually have to turn around and go to a commercialized orchard,” says Terraine Edmo, Blackfeet Tribe’s climate change coordinator. The reserve faced problems with drought, extreme temperatures and early spring runoff. In 2018, the tribe released a Climate Adaptation Plan, which addresses the threats that climate change poses to the Blackfeet Nation.

The Blackfoot Climate Adaptation Plan includes 8 planning sectors, each with specific strategies and tactics, some of which are already being implemented. Planning areas include: agriculture, cultural resources and traditions, fisheries, forestry, human health, lands and ranges, water and wildlife.

The Blackfeet Tribe is the first tribe in the Pacific Northwest to execute a plan to combat the growing impacts of climate change. On Thursday, September 15, the Blackfeet Environmental Office hosted over 70 people from an assortment of local nonprofits, universities, government agencies and more to share some of these strategies, which are already integrated throughout the reserve.

Edmo explains that the tribe plans to share the process with other communities: “We wanted to protect our future and the most vulnerable populations, like our language, our animals, all our loved ones. We consider everything to be alive, everything has a spirit and With the planning process, we have kept our traditional and indigenous way of life at the fore. The drought has threatened not only the economy but also the culture of the Blackfeet tribe. Plants used in ceremonies have become more difficult to find due to the exceptionally dry conditions on the reservation.” The sweet grass that kicks off our ceremonies and the berries that we use in our ceremonies, those are really important necessities for us to carry out who we are as Piikani people,” says Terraine Edmo.

“It is a way of teaching our young students. The impacts of climate change have affected our most vulnerable populations, our young people. grandparents there. They can’t get in the landscape and teach them how to fish and hunt,” says Edmo. She also expresses that the COVID-19 pandemic has hit the reserve hard and has impacted the health of many seniors.

Although the Blackfeet Tribe have faced their share of challenges, they are rich in resilience. “We are not the catastrophic type. We are critical thinkers. We have to go fast and roll with the punches.”

Local leaders brainstorm ways to address fentanyl and mental health crisis

September 16, 2022

Montana Mortgages

Comments Off on Local leaders brainstorm ways to address fentanyl and mental health crisis

Governor Greg Gianforte met with local law enforcement, officials and mental health and addiction treatment providers in Kalispell on Thursday, where they brainstormed ways to address the fentanyl crisis and chiefs state health departments introduced a shelter program called the Montana Angel Initiative.

The initiative, which is currently being used in Yellowstone, Cascade and Lewis and Clark counties, would allow people with addictions to access law enforcement offices where authorities can connect people to treatment.

“The Angel Initiative is a partnership between the Department of Public Health as well as statewide providers and law enforcement to help increase access to treatment for those who need it. “said Ki-Ai McBride, of the Department of Health and Human Services (DPHHS). ) Opioid Prevention Program Manager. “They can ask for help by going to law enforcement if they are in possession of drugs and paraphernalia and they have the option to turn them over, get help and be connected with a supplier.”

To combat fentanyl overdoses, the state has ramped up its Narcan program, distributing 50% more anti-overdose drugs each year since 2018, which local law enforcement and emergency responders use multiple times a year. week.

“Montana law enforcement has confiscated more fentanyl in the first six months of this year than in the previous three years combined…We need to come up with a plan to deal with it,” Gianforte said during of the round table.

Flathead County Sheriff Brian Heino said his office has seen a significant increase in fentanyl and drug-related crimes, which he attributes in part to Flathead’s growing population. He also said that fentanyl primarily enters the region through the postal system and that he would like to see a solution at the federal level.

“Our mail system basically brings in drugs and narcotics and it delivers,” Heino said.

Flathead County District Attorney Travis Ahner confirmed that approximately 70 percent of the district attorney’s office cases involve drug-related crimes, many of which include property crimes and drug possession. He attributed the increase in crime in part to the pandemic, but he also pointed to changes in the 2017 legislature that reduced penalties for misdemeanors, which he said led to the rise in crime. which could otherwise have been avoided.

“There is a lack of accountability at these early stages,” Ahner said. “I think some accountability, wake-up calls, at that level of offense would help, including some of those diversion programs.”

Local mental health and addiction treatment professionals have also criticized the state’s response to numerous challenges, and Alpenglow Clinic clinical director Chad Kingery told the governor that patient treatment programs hospitalized were difficult to manage without funding, which is desperately needed to deal with the crisis.

“The tracking program is what’s broken in this state,” Kingery said.

Kingery suggested reassessing the distribution of liquor taxes to a wider range of treatment providers instead of providing funding to just one facility per county. He also highlighted the impact of challenges in the current housing market on the ability to provide hospital treatment that would require a large facility.

“I can tell you that there is no amount of clinics that I can open and there is no amount of employees who are perfect for what they do, it will generate enough of income so that we can pay the mortgage on a $2 million property.” Kingery said. “I think that kind of data extrapolates the challenges of these incredible ideas that we have — and there’s no no way to access it.”

Kalispell Mayor Mark Johnson was also frustrated with the city’s budget, which limits his ability to provide additional law enforcement services and resources within the municipality. State grants that would fund additional officers for two to three years would help in the short term, he said.

“We’re terribly behind in Montana when it comes to ways to raise taxes for law enforcement,” Johnson said. “With budgetary constraints, we cannot allocate so much.”

Gianforte told local leaders that his office would evaluate new programs and that he hoped to bring the Montana Angel Initiative to Flathead County.

Biden-Harris Administration and EPA Announce Delivery of Historic Bipartisan Infrastructure Act Water Infrastructure Funding to 18 States

September 16, 2022

Montana Loans

Comments Off on Biden-Harris Administration and EPA Announce Delivery of Historic Bipartisan Infrastructure Act Water Infrastructure Funding to 18 States

WASHINGTON- Today, the United States Environmental Protection Agency (EPA) provided bipartisan Infrastructure Act funding to the nation’s first 18 states for water infrastructure improvements.

President Biden’s bipartisan Infrastructure Act allocates more than $50 billion to the EPA to repair the nation’s critical water supply infrastructure, helping communities access clean, safe and reliable drinking water, build resilience, collect and treat wastewater to protect public health, clean up pollution and safeguard vital waterways. More than $1.1 billion in bipartisan Infrastructure Act capital grants have been awarded to 18 states through the State Revolving Funds (SRF), with additional capital grants to come. The grants mark the first major distribution of funds for water infrastructure through the bipartisan Infrastructure Act. State allocations were previously announced.

“All communities should have access to clean, reliable and safe water,” said EPA Administrator Michael S. Regan. “Thanks to the leadership of President Biden and the resources of the historic bipartisan Infrastructure Act, we are repairing aging water infrastructure, replacing lead service lines, cleaning up contaminants, and making our communities more resilient to flooding and climate impacts. .”

“President Biden has been clear – we can’t leave any community behind as we rebuild America’s infrastructure with the Bipartisan Infrastructure Act,” said White House Infrastructure Coordinator Mitch Landrieu. “Because of its bipartisan Infrastructure Act, nearly half of the SRF’s incremental funding will now be in the form of grants or forgivable loans, making it easier to access these critical water resources for small, rural and disadvantaged communities. .”

EPA SRFs are part of President Biden Justice40 Initiative, which aims to provide at least 40% of the benefits of certain federal programs to underserved communities. In addition, nearly half of the funding available through SRFs through the Bipartisan Infrastructure Act is to be principal forgiveness grants or loans that remove barriers to investing in critical water infrastructure in underserved communities. served across rural America and in urban centers.

The EPA has awarded SRF capital grants to 18 states, including: Arizona, Colorado, Connecticut, Delaware, Hawaii, Maine, Maryland, Massachusetts, Montana, New Hampshire, New Mexico, Pennsylvania, Rhode Island, Utah, Vermont, Virginia, Washington and West Virginia.

The funding announced today represents FY22 rewards for states that submitted and received EPA approval for their funding utilization plans. Capital grants will continue to be awarded, on a rolling, state-by-state basis, as more states receive approval throughout FY22; states will also receive awards over the next four years. Once the grants are awarded, state programs will begin providing the funds in the form of grants and loans to communities in their state.

The bipartisan infrastructure law presents the biggest funding opportunity ever to invest in water infrastructure. To learn more about Bipartisan Infrastructure Act programs and other programs that help communities manage their water resources, see the EPA’s Bipartisan Infrastructure Act page.

SouthCoast retailers are hoping for the best this holiday season

September 16, 2022

Montana Lending

Comments Off on SouthCoast retailers are hoping for the best this holiday season

You may have noticed the “C” word creeping into more and more conversations as the summer of 2022 fades and the chill of fall fills the air. Christmas is approaching and local merchants are holding their collective breath after two years of the COVID pandemic and are now recording inflation.

Many retailers, including local family businesses, rely heavily on the holiday shopping season. For some, it can be the difference between living to fight another day and winding up.

SouthCoast retailers are hoping for the best this holiday season

Dan McCready/Townsquare Media

SouthCoast Chamber of Commerce President Rick Kidder said, “We look forward to a robust holiday shopping season, but need to keep a close eye on inflationary pressures and economic indicators. One thing we know is that ‘local shopping’ supports the local economy.”

There are, however, good reasons to be nervous. A CNBC headline proclaimed: “Holiday shopping season should be muted, as inflation squeezes buyers.”

CNBC reported that while consumers will likely spend more this year than last, the increase will likely be much smaller when adjusted for inflation.

SouthCoast retailers are hoping for the best this holiday season

Barry Richard/Townsquare Media

SouthCoast retailers are hoping for the best this holiday season

Barry Richard/Townsquare Media

Fortune reported that the forecasts of “accounting giant” Deloitte a slowdown in spending growth.

The National Retail Federation (NRF) said more and more people are start their holiday shopping earlier than ever and they are looking for bargains. The NRF said there was a good chance they would find them.

Kidder urged shoppers to consider their local retailer when shopping for holiday gifts.

“The pandemic, along with other price pressures, has made people more conditioned to shopping online, but local shopping means local jobs and local service commitments,” he said.

SouthCoast retailers are hoping for the best this holiday season

Barry Richard/Townsquare Media

Kidder said it was a particularly difficult time for local traders.

“Overall growth has been slow, and many businesses are facing labor shortages, the challenge of rising wages, and now inflation and supply issues,” he said. declared. “Prices are going up, wages are going up, but companies are under pressure to afford those increases, which is creating an inflation spiral.”

Dan McCready/Townsquare Media

Dan McCready/Townsquare Media

Ian Abreu, Business Development Manager and Chairman of the Southcoast Chamber of Commerce Council, echoed the drive to buy local.

“According to the Small Business Administration, of every $100 spent on a local small business, approximately $50 is returned to the local economy in the form of wages and salaries, tax revenue and local purchases of services,” said he declared. said.

“When you shop at a local family store, you’re helping someone who actually lives in our community, who provides top-notch service,” he said. “You’re helping a neighbor, a friend, a Little League baseball team sponsor – someone who’s invested in us.”

Beware of these 50 jobs that could disappear in the next 50 years

WATCH: States with the most new small businesses per capita

Stop Punishing Employers Who Want to Help Employees With Free Gas, Meals, or Child Care

September 15, 2022

Montana Loans

Comments Off on Stop Punishing Employers Who Want to Help Employees With Free Gas, Meals, or Child Care

Employers are struggling to fill more than 11 million open jobs. Employees struggle to pay for childcare, gas, and even food. And then there’s the struggle to repay those student loans for many Americans.

I have a solution: Employers could offer benefits – voluntary, not mandatory – such as free or subsidized child care, elder care, public transport, gas, meals, reimbursement of student loans or tuition fees.

Employers will attract new employees to the job market. Employees receive help to overcome challenges related to high gas prices, high inflation and unpaid student loans. A win-win.


But there is a huge roadblock called the Fair Labor Standards Act (and most state laws) that currently requires employers to pay additional overtime on the value of these employee benefits.

Yes, it’s true. Most people think of overtime pay as time and a half of an employee’s hourly rate. It’s not. Overtime is calculated as 1.5 times an employee’s “regular rate of pay”. “Standard rate” is defined in the RSA as “all remuneration for employment” unless specifically excluded under section 7(e) of the Act. What this means in real English is 1.5 times all things of value – hourly wages, salary, commissions, bonuses, anything – that an employer gives its employees for their work.

Payments for health, accident and life insurance are excluded from the 1.5 calculation under the law, as are pension benefits. But that’s all; most other employee benefits trigger the overtime requirement. The definition of the regular rate and this list of excluded benefits were added to the FLSA in 1949. It’s time for an update.

Today’s employee wants, needs and demands more than just an hourly wage. Health insurance and vacation pay are important and do not count towards overtime. But this old, outdated list of excluded benefits prevents employers from giving more benefits to employees.


Few employers offer childcare, student loan repayment or transportation allowances. The threat of litigation and additional overtime obligations are stifling innovation in employee benefits. A Montana employer has lost a lawsuit for failing to pay overtime when it offered its employees public transportation subsidies. A California employer has settled an overtime lawsuit for the sin of student loan repayment.

The federal government recognizes the value of these benefits and provides them to its own employees. The Department of Labor, for example, provides its own employees with child care subsidies or on-site child care, dependent benefits, tuition reimbursement, fitness centers physical training, subsidies for public transit and a “bicycle travel reimbursement grant”.

But, of course, the federal government doesn’t have to pay overtime for these benefits like private employers do. No, the federal government does not use the “regular rate” formula; overtime for federal employees is limited to 1.5 times their hourly rate.

It is time and already more than time to apply the calculation of overtime for federal employees to private sector employees as well. We need to stop punishing employers who want to offer employees free childcare, free meals, free gas, or free training by allowing the plaintiffs’ bar to sue them for such good deeds.


The Trump Administration made some progress in dismantling the FLSA’s perverse incentives, in one of the few regulations that were not quickly removed by the new Biden-led Labor Department. The Trump regulations clarified that employers did not have to pay additional overtime on unused sick leave payouts, military leave payouts, the value of wellness programs, property discounts and services provided by the employer and certain signing bonuses.

These regulations, however, did not and could not go far enough because the Department of Labor believed it was limited by the wording of the FLSA itself. Subsidies for public transit, free meals and child care continue to require payment of additional overtime. Whether overtime is due on student loan repayments and other educational benefits remains unclear, depending on the facts and circumstances of each program.

Recently, Representatives Elise Stefanik, RN.Y., Henry Cuellar, D-Texas, and Michelle Steel, R-Calif., introduced a bill to pave the way for employers to provide employees with free or subsidized childcare and elderly care.

FILE – Representative Elise Stefanik, Republican of New York and President of the Republican House Conference, speaks during a press conference at the United States Capitol in Washington, DC, U.S., Thursday, May 20, 2021. (Photographer: Samuel Corum/Bloomberg via Getty Images/Getty Images)

It’s a very short piece of legislation, HR 8388, the Empowering Employer Child Care & Elder Act, which would exclude “payments for child care or dependent care reimbursements” from this definition of the “normal rate” in the FLSA.


Every Democrat and Republican in the House and Senate should sign up and push through this bipartisan bill quickly.

State Governors and lawmakers should do the same under state law. How could any of our elected officials object to voluntary, employer-funded child care?

With respect, however, I must suggest that HR 8388 does not go far enough. Yes, excluding payments for child and elderly care from the calculation of 1.5 overtime hours is an important first step. But let’s also stop punishing employers who want to help their employees with free gas or free meals or who want to pay off their employees’ student loans.

Incredible benefits offered voluntarily by employers to get people back to work. Voluntary, not mandatory, and not paid for by another taxpayer-funded program.

Come on man, let’s get to work!

Tammy McCutchen served as Administrator of Wages and Hours at the Department of Labor under President George W. Bush.

Student app is hacked, sending crude image to some New York schools

September 14, 2022

Montana Economy

Comments Off on Student app is hacked, sending crude image to some New York schools

Seesaw is an app that empowers students to learn and engage in creative educational activities while giving teachers and parents insight into each student’s progress and thinking. The app has become particularly popular in recent years and is used by around 10 million students, teachers and parents, according to their website.

However, parents say the platform was hacked on Wednesday as some school districts in New York saw an explicit image posted in a message. NBC says districts in Oklahoma, Illinois and Texas were also affected.

hacker attack

Seesaw’s vice president of marketing said in an email that “specific user accounts were compromised by an outside actor,” though they didn’t say how many users were actually affected. A second email said the person or others involved had hacked into individual accounts, and not getting administrative access or Seesaw.

NBC says Castleton Elementary School, in Castleton-on-Hudson, had stated on its website that there was evidence of a security breach.

NBC says the image posted was an “infamous photo meme of a man engaged in an explicit act.” Vice News has obtained a screenshot of the image, revealing the ugly photo to the world.

Mayor de Blasio’s Snitch line is hit

At the start of COVID, New York City Mayor Bill de Blasio set up a social distancing advice line for New Yorkers to report group gatherings and other violations to hopefully help to flatten the curve in the fight against COVID-19. Well, that didn’t go so well. Some people may not be too enthusiastic about reporting their friends and neighbors. or maybe we’re going crazy.

The NY Post reports that the anonymous whistleblower line has been bombarded and trolled with a series of photos of penises, photos of people with middle fingers, Hitler memes and other rude messages.

Some other witty entries included photos of Mayor De Blasio dropping the Staten Island Groundhog in 2014,

The Post says it’s uncertain whether any of the vulgar photos and comments are from people who actually lived in New York. No woman named Karen could be reached for comment at this time. Well, at least he tried.

WATCH: States with the most new small businesses per capita

Records show investors own hundreds of homes in the Boise area

September 14, 2022

Montana Mortgages

Comments Off on Records show investors own hundreds of homes in the Boise area

Who are these investors in Treasure Valley? How many of them are Idahoans looking for extra income, and how many are tied to out-of-state interests profiting from the housing boom?

BoiseDev has spent the past four months digging through hundreds of real estate property records in Ada and Canyon counties, seeking investors to learn more about homeowners in our neighborhoods and where they are located. . This analysis is not a complete picture of every investor or owner in Treasure Valley due to the large number of records to review. Yet it revealed the prevalence of large-scale investor-owned properties, particularly in the outer suburbs of Treasure Valley.

Records reveal at least more than 400 single-family homes in Treasure Valley owned by out-of-state investors, with the vast majority owned by publicly traded California company American Homes 4 Rent.

Are houses a new investment asset class?

It’s not just in Idaho, where investment companies have taken hold, fundamentally changing the real estate market.

A months-long survey by the Charlotte Observer revealed the extent of the real estate holdings of Wall Street-backed companies in North Carolina earlier this year. A team of reporters uncovered 40,000 properties statewide owned by less than two dozen deep-pocketed investment firms.

The United States has no laws preventing private companies or individual investors seeking to expand their holdings from buying as many single-family homes as they want. Nothing about this change in the market is illegal, but it changes the dynamics of how supply and demand shape prices as growing families bid against Wall Street firms that can afford to pay. in cash, thousands more than the asking price of the houses.

Steven Peterson, clinical associate professor of economics at the University of Idaho, says investing in out-of-state real estate isn’t a negative thing on the face of it because it can help build more houses to accommodate a growing population. But, he said, problems arise when investment firms buy homes to boost profits without building more.

“What worries me is that they treat it like an asset class of investments, like a stock-like investment,” he said. “I don’t see on the surface how that leads to increased availability.”

He said it made the real estate market more sensitive to stock market boom and bust cycles, and it took homes away from the market for families to buy. But, even as economic forecasts point to a potential recession, Peterson warned anyone against hoping for a Wall Street crash, believing it would free up some of those investor-owned properties and make it easier to buy homes. a home for average Americans.

Peterson said that unless officials relax zoning laws and allow new homes to be built to address the nation’s growing housing shortage, these homes will continue to be valuable assets for these businesses. and prices will continue to rise.

“We can easily have a recession, and that has no effect on this problem,” he said. “You have to be very careful what you wish for. Recessions are generally not good things because they cause a lot of economic stress.

Small and large investors

BoiseDev’s research revealed three loosely defined groups of investors populating Treasure Valley neighborhoods.

The first group is what people generally refer to as “mommy-and-pop” owners. The vast majority of properties BoiseDev reviewed linked to LLCs on the Boise Bench and North End were linked to people who live in Treasure Valley and own one or possibly two properties. These properties could provide additional income for someone who lives locally or was originally purchased as a first home decades ago and is now rented out.

An aerial view of homes at Locust Grove Rd and Ustick Rd. in Meridian Photo: Charles Knowles/Shutterstock

The second class of investors operating in Treasure Valley are based out of state and own more than one or two properties. That includes outfits like investment firm WTS Investments LLC, which owns ten homes in Canyon County. The company is based in Houston and is linked to Tanweer Ahmed, the CEO of catering company PAK Foods. WTS purchased all ten properties on the same day in 2011.

Another example is Elco Enterprises LLC, which owns 15 properties in Ada County. He is associated with a large family home in Billings, Montana. The LLC, which is now listed as missing with the Idaho Secretary of State, is linked to Billings-based trucking company owner Carl Baltrusch. Sunset West LLC, which owns three properties in Ada County and is tied to a law firm in Cedar City, Utah, specializes in forming LLCs and is a registered agent for businesses. Public records do not reveal the direct owner.

Wall Street joins Main Street

Operations like publicly traded American Homes 4 Rent are on a different scale than any of these other companies or people who manage rental properties.

The company was one of the first major public companies to invest heavily in single-family homes about a decade ago. Since then, American Homes 4 Rent has amassed tens of thousands of homes across the country. A June filing by the US Security Exchange Commission said the company owned 57,000 homes in 22 states. The report noted a high concentration of ownership in cities like Atlanta, Dallas and Charlotte.

“American Homes 4 Rent is transforming the single-family rental industry,” American Homes 4 Rent CEO David Singelyn said in a video on the company’s website.

Public real estate records show American Homes 4 Rent owns 443 properties in Ada and Canyon counties, including 344 in Idaho’s largest county. Most homes are located in the once affordable outer suburbs of Kuna, Star, Meridian and unincorporated Ada County. For example, in a Star subdivision with 214 homes, seven are owned by American Homes 4 Rent.

A screenshot of homes available for rent in a Kuna subdivision by American Homes 4 Rent

These homes are often for rent in nondescript suburban neighborhoods with backyards and the typical amenities common to any subdivision. The average company-owned home is 17 years old and just under 2,000 square feet. They rent for an average of $1,856 per month, which is roughly equivalent to the mortgage payment for a $375,000 home with an interest rate of 4.25% on a 30-year mortgage. Kuna homes listed on the company’s website are rented for at least $2,300 per month.

And these are only the houses purchased by American Homes 4 Rent that already exist. The company has now shifted to building housing estates for rental. American Homes 4 Rent expects to bring between 2,100 and 2,400 new homes for rent online by the end of 2022. The company’s SEC filings boast of a “land pipeline of more than 20 000 units” that creates “years of growth stability” for potential investors to consider.

One of these subdivisions is expected to rise on the site once planned for a school in the Boise Independent School District. The school district opted to sell the land instead, and the highest bidder was AMH Development, the homebuilding arm of American Homes 4 Rent, for $6.3 million earlier this year.

“You don’t even know who to contact”

Investor-owned rentals are a whole different ballgame for eviction prevention nonprofit Jesse Tree.

Executive director Ali Rabe said his nonprofit’s strategy to help prevent evictions is to negotiate with landlords and use a combination of rental assistance and case management to resolve the issue for the customer. This gets complicated when tenants live in rentals owned by investors who have no relationship with their tenants and who might just be looking to move on to the next tenant.

“Communication is a lot more of a challenge for us with these companies and then they’re running a lot more on the books when it comes to evictions,” Rabe said. “Whereas family owners will treat each situation differently. These big companies will just hire a contract attorney who they will pay on contract rather than on a case by case basis, and if a tenant doesn’t pay their rent they will give them 3 days notice to pay or vacate, and they will file in front of the court, and there is no opportunity to have a conversation.

Notice of eviction
Notice of eviction

Rabe told several stories of clients facing evictions from out-of-state investment firms, including a woman who was taken to court while in hospice and the owner didn’t know. She once spent an entire afternoon on hold with American Homes 4 Rent trying to talk to someone at the company about a family of five who were evicted from a mobile home that the company Purchased in Canyon County with only notices in the mail and no further tracking. at the top.

“We’re actually pulling eviction court records to identify the major evictions, and a lot of them are these big corporations that are coming into Idaho and buying up a lot of multifamily units,” Rabe said. “You don’t even know who to contact.

Homebuyer Education Course Enrollment Open

September 14, 2022

Montana Lending

Comments Off on Homebuyer Education Course Enrollment Open

The Community Action Partnership of Northwest Montana (CAPNM) is once again presenting HUD-approved in-person classes for homebuyers at its Kalispell location on Main Street. The first class is scheduled for Saturday, October 8, from 8:30 a.m. to 6 p.m. The cost is $75 per household; however, scholarships are available by contacting Sara Briggs. All registration materials with payment must be received no later than September 28 at 5 p.m.

Registration packages are available by contacting [email protected], or by visiting the website at and clicking on “Workshops” then “Homebuyer Education”. Click on the button to access the admission file.

All admissions packages must be completed and returned no later than 5 p.m. September 28 to CAPNM at 214 Main St. in Kalispell, by email to [email protected] (use PDF attachments) or by fax to 406 -565-4834, or by mail to Sara Briggs, CAPNM, PO Box 88, Kalispell, MT 59903. A check or cash must also be received by 5 p.m. to complete registration.

Once the admission package is received, an individual counseling session required by HUD must be scheduled. Normally, this session takes place before the course is held. The schedule for consultation sessions is flexible. Registrants can choose to have it over the phone or in person; it takes about an hour.

During the course, enrollees will meet and be able to interact with several area lenders and other professionals such as real estate agents, insurance agents, building inspectors, etc. Completion of this course and individual counseling session is one of the key elements to qualifying for various loan products and down payment assistance programs.

US Hybrid to supply hybrid and electric street sweeper components

September 13, 2022

Montana Economy

Comments Off on US Hybrid to supply hybrid and electric street sweeper components

Ideanomics announced plans for its US subsidiary Hybrid to Global Environmental Products with its proprietary electric and hybrid drive kits to be used in building 62 zero-emission street sweepers. GEP will then supply the sweepers to New York, California, the city of Helena, Montana and Washington D.C.

The two companies GEP and US Hybrid have also cooperated in the past: dating back to 2009, the two companies launched their first hybrid electric street sweepers in New York. Meanwhile, the partners have also served customers in Japan. US Hybrid has also supplied a number of electric transit vans for public transportation operator Antelope Valley Transit Authority in California.

Regarding the breakdown of the order, GEP will supply 17 electric street sweepers to the California Department of Transportation. 30 plug-in hybrid electric street sweepers and seven all-electric street sweepers will go to New York, while the other all-electric street sweepers include two for the city of South San Francisco, three for Washington DC and two for the City of Helena , Montana.

“Together with GEP, we provide our customers across the United States with American-made zero-emission street sweepers featuring the best available technology pioneered by US Hybrid,” said Robin Mackie, president of Ideanomics Mobility. “This order, one of the largest to date, reflects a simple truth: zero-emission street sweepers are better for planet, communities and bottom line. Plus, every order supports the growth of America’s clean energy economy and green manufacturing jobs.

Wall Street rallies further ahead of inflation report | national news

September 12, 2022

Montana Mortgages

Comments Off on Wall Street rallies further ahead of inflation report | national news

By DAMIAN J. TROIS and STAN CHOE – AP Business Writers

NEW YORK (AP) — Stocks soared again on Monday as Wall Street took its final steps ahead of a high-stakes report that will hopefully show inflation hitting the economy less hard last month. .

The S&P 500 rose 43.05, or 1.1%, to 4,110.41 for its fourth straight gain. It is his longest winning streak since July, at the start of the market’s rebound from his blows earlier in the year.

The Dow Jones Industrial Average gained 229.63, or 0.7%, to 32,381.34, and the Nasdaq composite rose 154.10, or 1.3%, to 12,266.41.

The country’s extremely high inflation and the actions taken by the Federal Reserve to combat it have been the driving forces on Wall Street all year. Economists expect a report on Tuesday to show consumer prices were 8.1% higher in August than a year earlier, but inflation was not as bad as the rate 8.5% from July.

People also read…

A slowdown would bolster hopes that inflation peaked at 9.1% in June and is now coming down. This in turn could allow the Federal Reserve to avoid the worst-case scenario for the markets, where it would drive short-term interest rates up to recession-provoking levels and keep them there for a long time.

“This week is going to be very revealing,” said James Demmert, founder and managing partner of Main Street Research.

Beyond Tuesday’s headline consumer inflation report, a report on Wednesday is expected to show that wholesale inflation slowed last month. A report the following day will show how US households have shifted their spending amid high inflation, while a report on Friday will show how much inflation households are bracing for in the years to come.

These are all crucial data points for the Federal Reserve as it considers how much to raise interest rates at its meeting next week. Fed officials recently loudly reaffirmed their intention to raise rates enough to slow the economy, as well as their commitment to keep rates high long enough to ensure that the job gets done on inflation.

But with Tuesday’s report possibly continuing a trend, many investors and economists are hoping inflation could quickly return to more “normal” levels, unlike the 1970s, when it took many years.

Jonathan Golub, chief US equity strategist at Credit Suisse, wrote in a report that investors and economists expect inflation to plummet in the next 12 to 18 months.

Markets are fairly confident that the Fed will raise its main short-term interest rate by 0.75 percentage points next week for the third meeting in a row. But the hope is that a slowdown in inflation will allow the Federal Reserve to successfully follow the narrow path of a “soft landing” for the economy.

This is where higher rates slow the economy enough to halt inflation, but not so much as to cause a major recession. Higher rates hurt the economy by making it more expensive to buy a house, car, or anything else purchased on credit. They also drive down the prices of stocks, bonds, and other investments.

Many traders expect the Fed to begin tapering the size of its rate hikes after next week through the end of the year, before potentially holding rates steady through the first half of 2023.

Of course, such hopes could also lead to disappointment on Wall Street. The economy has already given evasions on inflation, with the hope that a peak has passed to start accelerating again.

Demmert said the broader market expects inflation to not only peak, but to begin to cool significantly. He said the high hopes raised by Tuesday’s inflation report “likely won’t be healthy for equities.”

Wall Street economists are still divided on whether the US economy will slide into recession next year due to higher interest rates and other factors.

The Fed has already raised short-term rates four times this year, and its aggressive moves have helped the value of the US dollar soar against many other foreign currencies.

A strong dollar helps limit inflation in the country by lowering the prices of raw materials and imports, but it can also hurt the profits of American companies that make many sales abroad. The dollar gave up some of its gains on Monday after slipping against the euro, sterling and several others.

Treasury returns were mixed. The 10-year Treasury yield, which helps control the direction mortgages and other lending rates are heading, is back at 3.34%, near its highest level in more than a decade.

The two-year yield, which tends to track Fed action expectations, was flat at 3.56%. It remains close to its highest level since before the 2008 financial crisis.

On the stock market, the vast majority of stocks rebounded. Energy producers were near the top of the rankings, benefiting from higher oil prices.

Bristol-Myers Squibb gained 3.1% for one of the largest gains in the S&P 500 after federal regulators approved its treatment for adults with moderate to severe plaque psoriasis.

AP Economics Writer Christopher Rugaber contributed.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Nearly two dozen GOP governors write letter to Biden, criticize him for taxpayer-funded student loans

September 12, 2022

Montana Loans

Comments Off on Nearly two dozen GOP governors write letter to Biden, criticize him for taxpayer-funded student loans

NEWYou can now listen to Fox News articles!

EXCLUSIVE: Nearly two dozen Republican governors sent a letter to President Biden on Monday expressing concern about how his student loan plan, which is expected to cost taxpayers $500 billion, will negatively impact low-income families. .

Led by Iowa Governor Kim Reynolds, the lettersigned by a total of 22 GOP governors, targeted Biden’s plan which they said “punishes the poor” and shifts the “debt burden from the rich to working Americans.”

“As governors, we support making higher education more affordable and accessible to students in our states, but we fundamentally oppose your plan to force American taxpayers to pay off student loan debt from a elite – a plan that is estimated to cost the tax-paying American more than $2,000 each or $600 billion in total, a price the people of our states cannot afford,” the governors said. .

“Only 16-17% of Americans have federal student loan debt, and yet your plan will require their debts to be redistributed and paid for by the vast majority of taxpayers,” the governors continued. “Shifting the debt burden from the wealthy to working Americans has a regressive impact that hurts low-income families. Borrowers with the most debt, like $50,000 or more, almost exclusively have graduate degrees, which means that hourly workers will pay for master’s and doctoral degrees from highly paid lawyers, doctors and professors.”


A letter from 22 GOP governors, led by Iowa Gov. Kim Reynolds, was sent to President Biden on Monday, lambasting him for his student loan plan that “punishes the poor.”
(AP Photo/Charlie Neibergall, File)

“Furthermore, the top 20% of households hold $3 in student debt for every $1 held by the bottom quintile, generating a skewed reality where the wealthy benefit at the expense of labor. Simply put, your plan rewards the wealthy and punishes the poor,” they added.

GOP governors reiterated that Americans’ decision to take out student loans “was their decision” and that those who choose not to take out loans in exchange for college tuition “certainly should not have to pay student loans from others”.

“A high-cost degree isn’t the key to unlocking the American dream — hard work and personal responsibility are,” the governors said. “For many borrowers, they’ve worked hard, made sacrifices, and paid off their debt. For many others, they’ve chosen hard work and a paycheck over more education and a loan.”

Republican governors also warned Biden that his decision to forgive the student loan debt of millions of Americans at taxpayer expense “will encourage more student borrowing, incentivize higher tuition, and drive inflation even higher, which will have a negative impact on all Americans.”


President Biden speaks during a Labor Day event with United Steelworkers of America Local 2227 in West Mifflin, Pennsylvania on September 5, 2022.

President Biden speaks during a Labor Day event with United Steelworkers of America Local 2227 in West Mifflin, Pennsylvania on September 5, 2022.
(Mandel Ngan/AFP via Getty Images)

“Even economists in your own party oppose your plan to increase demand and increase inflation,” they wrote. “Rather than tackling rising tuition fees for higher education or working to lower interest rates for student loans, your plan kicks things off and compounds today’s problems. today for the students of tomorrow.”

Referencing House Speaker Nancy Pelosi’s 2021 remarks that said the president “didn’t have that power” to eliminate student loan debt, the governors insisted that Biden didn’t “have the power” to eliminate student loan debt. power to exercise unilateral action to usher in a comprehensive student loan cancellation plan”.

In addition to Reynolds, the letter was signed by Alabama Governor Kay Ivey, Alaska Governor Mike Dunleavy, Arizona Governor Doug Ducey, Arkansas Governor Asa Hutchinson, Governor of Florida Ron DeSantis, Georgia Governor Brian Kemp, Idaho Governor Brad Little, Maryland Governor Larry Hogan, Missouri Governor Mike Parson, Montana Governor Greg Gianforte, Nebraska Governor Pete Ricketts, New Hampshire Governor Chris Sununu, Governor of North Dakota Doug Burgum, Governor of Ohio Mike DeWine, Governor of Oklahoma Kevin Stitt, Governor of South Carolina Henry McMaster, Governor of South Dakota Kristi Noem, Governor of Tennessee Bill Lee, Governor of Texas Greg Abbott, Governor of Utah Spencer Cox and Governor of Wyoming Mark Gordon.

A student studies at the Rice University library on August 29, 2022 in Houston, Texas.

A student studies at the Rice University library on August 29, 2022 in Houston, Texas.
(Brandon Bell/Getty Images)


Last month, Biden announced up to $20,000 in federal student loan forgiveness. Students who attended college using the federal Pell Grants are eligible for $20,000, but those who did not use the program are eligible for a $10,000 rebate. The document only applies to borrowers earning less than $125,000 per year.

Responsible Budget Committee estimate the cost of aid around $500 billion.

Anders Hagstrom of Fox News contributed to this article.

RIL, Tata Steel, ONGC, Bank of Baroda in brief

September 12, 2022

Montana Lending

Comments Off on RIL, Tata Steel, ONGC, Bank of Baroda in brief

Reliance Industries RIL): RIL said its wholly owned subsidiary Reliance Petroleum Retail has signed the definitive documents to acquire the polyester businesses of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex). Reliance Petroleum Retail (trading as “Reliance Polyester”) will acquire the polyester businesses of SPL and SPTex for cash consideration of Rs 1,522 crore and Rs 70 crore, respectively, totaling Rs 1,592 crore by way of down sale on an ongoing operating basis.

Tata Steel: The steel major’s board is due to meet on September 14, 2022 to consider the issuance of unsecured non-convertible debentures on a private placement basis.

Oil and Natural Gas Corporation (ONGC): ONGC has signed 6 contracts for Small Open Fields (DSF) under the Offshore Tender under DSF-III, with 3 each for the Arabian Sea fields and the Bay of Bengal. These include 4 contract areas as sole bidder and 2 contract areas in partnership with Indian Oil Corporation Limited (IOCL). The company has also signed 2 contracts for fields under CBM specials around 2021 blocks in Jharkhand and Madhya Pradesh.

Bank of Baroda: The public sector lender on Friday announced an increase in the lending rate based on the marginal cost of funds (MCLR) by 5 to 15 basis points, effective Monday, September 12, 2022.

Container Corporation of India: Container Corporation of India said the ICRA has reaffirmed the credit rating of the company’s debt securities. The ratings, however, continue to be monitored with developing implications, the agency said.

Indian Overseas Bank: PSU Bank announced on Friday an increase in the lending rate based on the marginal cost of funds (MCLR) by 10 basis points, effective Saturday, September 10, 2022.

Spicejet: Spicejet on Friday announced the appointment of Ashish Kumar as Chief Financial Officer (CFO) effective September 9, 2022.

Trident: Trident announced its production point for August 2022 on Saturday, September 10, 2022. In the linens division, production of bath linens fell 37.17% to 3,091 metric tons (MT) in August 2022 vs. 4,920 MT posted in August 2021. Bed linen production fell by 37.74% to 1.93 million meters (MM) in August 2022 from 3.1 MM recorded in August 2021. Yarn production fell by 41.72% to 6,471 MT in August 2022, compared to 11,103 MT reported in the same period a year ago.

Venus Pipes & Tubes: Venus Pipes & Tubes has declared that it has been recognized as an ALL INDIA FIRST (AIF) Manufacturer to receive Bureau of Indian Standards (BIS) Approval for Seamless and Welded Stainless Steel Pipes and Tubes .

Spandana Sphoorty Financial: Spandana Sphoorty Financial said its board approved the allotment of 600 non-convertible debentures on a private placement basis for an aggregate consideration of Rs 60 crore.

HG Infra: EPC Company announced on Friday that its wholly owned subsidiary, HG Ateli Narnaul Highway, has received the Certificate of Completion for a construction project in Haryana.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

China quarantines students under strict COVID policy | health and fitness

September 11, 2022

Montana Economy

Comments Off on China quarantines students under strict COVID policy | health and fitness


BEIJING (AP) — Nearly 500 students from China’s First College for Broadcast Journalists have been sent to a quarantine center after a handful of COVID-19 cases were detected in their dormitory.

The 488 students of the Communication University of China, along with 19 teachers and five assistants, were transferred by bus from Friday evening.

Quarantining anyone deemed to have been in contact with someone who tested positive for the virus has been a mainstay of China’s strict “zero-COVID” policy. Quarantine centers include field hospitals as well as converted stadiums and exhibition centers which have been criticized for overcrowding, poor hygiene and spoiled food.

As of last week, around 65 million Chinese residents were under control despite only 1,248 new cases of domestic transmission reported on Sunday. Most of them were asymptomatic.

People also read…

The shutdowns have sparked online protests and clashes with health workers and police, and taken a heavy toll on the economy, affecting global supply chains for electronics and other goods. A week-long lockdown in China’s biggest city, Shanghai, over the summer has prompted an exodus of migrant workers and foreign businessmen.

With the release of economic data this week, analysts will seek to understand how China’s handling of the pandemic is affecting economic activity in the world’s second-largest economy. The confinements have been accompanied by almost daily tests, travel restrictions and the suspension of classes at all levels.

China has continued the relentless enforcement of the policy, even as virtually every other country has sought to return to normal life with vaccines and drugs to fight the virus.

“Zero COVID” is closely associated with President and Communist Party leader Xi Jinping, leading to accusations that the government has politicized a public health crisis. His administration rejected statements by the World Health Organization that the policy is unsustainable and refused to approve foreign vaccines that are widely considered more effective than those produced by Chinese companies.

Xi, who has not traveled abroad since the pandemic began in early 2020, has taken control of all the levers of power and set a confrontational tone for foreign policy, while sidelining or imprisoning his rivals. He has eliminated term limits for the presidency and is set to receive a third five-year term as communist leader at the party’s congress next month.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Here are the 5 worst states to flip a house

September 11, 2022

Montana Mortgages

Comments Off on Here are the 5 worst states to flip a house

South Dakota’s data points clearly resemble the other states on this list, but one thing stands out above all the rest. South Dakota’s average yield is a very respectable 26.1%, but the take is just $17,750 (via CNBC).

Both of these figures are important when considering an investment, as a large profit margin is always desired. However, the actual dollar amount returned can signal a great opportunity or a difficult road ahead.

Penny stocks, for example, offer investors a unique opportunity to make a kill – if the stock price rises. A stock bought for a dollar only needs to inflate its price by 20 cents to earn a profit of 20% and double the annualized return that stock investors can expect with an indexed portfolio (via Nerd Wallet). But the risk factor associated with a penny stock is far greater than that of a portfolio marked by blue-chip company stocks, index funds and other traditional assets. Stocks could rise by that small margin and net you a nice raise, but to capture the value of that 20%, you’ll need to invest a huge amount of equity that might as well crash.

South Dakota’s average return is a lot like the speculative value provided by penny stocks: if things go as expected, a healthy percentage is expected, but to see a relatively valuable net increase, you’ll need to invest in a number of properties and continue to take advantage of the luck on your side.

Cancellation of student loans will have an outsized impact in the Mountain West

September 9, 2022

Montana Lending

Comments Off on Cancellation of student loans will have an outsized impact in the Mountain West

A substantial percentage of people in the Mountain West area with student loans will see up to $20,000 in student loan debt forgiven after a recent announcement of the Biden administration.

Nearly 38% of Wyoming borrowers will be student loan free as a result of this forgiveness initiative, according to a recent analysis by Student Loan Hero, a student loan servicing company owned by Lending Tree.

This is the highest share in the country, and Nevada and Utah are not far behind.

President Joe Biden said last month he hoped to make it easier for the middle and working classes to build careers without a huge financial burden.

“The cost of education beyond high school has increased dramatically. The total cost to attend a four-year public university has tripled, almost tripled, in 40 years,” he said.

Most borrowers will get $10,000 forgiven, while Pell Grant recipients, which are given to low-income students, will get $20,000. Only people earning less than $125,000 a year, or $250,000 for married couples, are eligible.

Analysis shows that most Mountain West states have fewer people taking loans on average, and those students tend to choose less expensive schools. Therefore, canceling $10,000 of debt has a bigger impact and allows more people to go debt-free.

“That said, even in these states at the top of the list, the average debt is still high,” says Student Loan Hero. “For example, our Utah student loan analysis shows average balances between federal and private borrowers of $31,046. Our Nevada student loan data shows average balances of $32,402.”

Several Republican officials in the region were critical of Biden’s announcement, saying it’s a federal document that doesn’t address the high costs of education.

This story was produced by the Mountain West News Bureau, a collaboration between Wyoming Public Media, Nevada Public Radio, Boise State Public Radio in Idaho, KUNR in Nevada, the O’Connor Center for the Rocky Mountain West in Montana , KUNC in Colorado, KUNM in New Mexico, with support from affiliate stations throughout the region. Funding for the Mountain West News Bureau is provided in part by the public broadcasting company.

Copyright 2022 Wyoming Public Radio. To see more, visit Wyoming Public Radio.

Board of directors asks about abortion rights in Michigan fall ballot

September 9, 2022

Montana Economy

Comments Off on Board of directors asks about abortion rights in Michigan fall ballot

LANSING, Mich. (AP) — A Michigan election committee placed an abortion rights proposal in the fall ballot on Friday, obeying an order from the highest court in the state and closing a record-breaking petition campaign trying to change the state constitution.

The amendment would affirm Michigan’s right to make pregnancy-related decisions without interference, including abortion and other reproductive services such as birth control.

The Michigan Supreme Court ordered the Board of State Solicitors a day earlier to put him on the November 8 ballot. The board, made up of two Democrats and two Republicans, killed the proposal in a tie vote last weekGOP members siding with abortion opponents who said the petition had incorrect or no spacing between certain words.

Chief Justice Bridget McCormack derisively called it “a game of gotcha gone horribly wrong.” She said the words were legible and in the correct order.

Supporters had submitted more than 750,000 signatures, easily crossing the minimum threshold and setting a record for a ballot initiative in Michigan.

Abortion remained legal in the state even after the United States Supreme Court in June overturned Roe v. Wade. A 1931 law that criminalizes most abortions was suspended by a judge last spring and ruled unconstitutional this week.

But this decision can be appealed. If the voters approve the constitutional amendment guaranteeing the right to abortion, any legal fight would be pointless.

A poll released this week by The Detroit News and WDIV-TV showed abortion and women’s rights were the top issues motivating Michigan residents to vote in November, ahead of inflation, education and the economy. . The poll showed a majority of likely voters supporting the amendment protect the right to abortion.


White reported from Detroit.


Joey Cappelletti is a member of the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on underreported issues.

Lawsuit challenges Montana’s COVID vaccine ban on tribal lands | Local News

September 8, 2022

Montana Loans

Comments Off on Lawsuit challenges Montana’s COVID vaccine ban on tribal lands | Local News

A Cut Bank economic development agency has filed a lawsuit claiming that a state organization has “no jurisdiction” on tribal lands to enforce a Montana law that prohibits COVID-19 vaccine warrants.

The Glacier County Regional Port Authority is suing the Montana Office of Human Rights and Department of Labor and Industry Commissioner Laurie Esau. The case will go to trial in the US District Court in Great Falls and Chief Judge Brian Morris will oversee it.

HB 702, passed by Republican lawmakers and signed by Gov. Greg Gianforte in May 2021, aims to prevent workplaces and customers from being discriminated against based on their vaccination status.

According to the lawsuit, when HB 702 was passed, the Blackfeet Tribal Business Council had implemented Tribal Ordinance 121, which required mandatory COVID-19 vaccinations for people attending in-person meetings.

People also read…

The Tribal Ordinance states that its purpose is “to protect and promote the safety of the Tribal Workforce.”

The lawsuit centers on JR Myers, a non-Native man who allegedly attempted to attend an in-person meeting at Browning but was not vaccinated against COVID-19.

The lawsuit says Myers filed a complaint against the Port Authority with the Montana Human Rights Office. The bureau determined that the Port Authority – which provides small business loans, grants and other forms of assistance – engaged in unlawful discrimination when it demanded that in-person meeting attendees present proof of vaccination.

The Port Authority is asking for a judgment to declare the state office incompetent over tribal lands. Tribes are sovereign nations, meaning they have the right to govern their territory and internal affairs.

Plaintiff also seeks to enjoin the defendants from enforcing HB 702 against the Port Authority, award the Port Authority attorneys’ fees, and award the Port Authority such other remedies as the court deems just.

Several lawsuits have challenged HB 702, but this case stands out in that it challenges the Montana Office of Human Rights’ ability to enforce the law. Earlier cases like Netzer v. Montana Law Firm and Montana Medical Association v. Knudsen sought to invalidate the law itself.

Blackfoot Nation and COVID

While tribes in Montana often enforced stricter safety protocols than the state, Native Americans were disproportionately hospitalized and killed by COVID-19.

The Blackfeet Nation sacrificed vital tourist dollars in 2020 when it closed the gates on the east side of Glacier National Park to protect residents of the reservation from the virus. The tribe has also implemented mask mandates, curfews, remote learning and other initiatives to curb the spread. In July, the tribe reported that 67 community members had died of COVID-19 since the pandemic began.

COVID-19 was the leading cause of death among Native Americans in Montana in 2020, while it was the third leading cause of death among all Montana residents, according to a Department of Health and Human Services. report.

Between March and October 2020, Native Americans in Montana accounted for 19% of COVID-19 cases and 32% of COVID-19 deaths statewide. Indigenous peoples make up approximately 6.7% of Montana’s population.

From August 31 — more than a year after the vaccines were distributed — Native Americans accounted for 8% of COVID-19 cases and 11% of COVID deaths in Montana.

Native Americans face persistent disparities in health and health care, which according to a recent report by the Indian Health Service, “are the result of centuries of structural discrimination, forced relocation, reduced economic opportunity and chronic underfunding of health care”.

The report also cited barriers to care, historical trauma, discrimination and poverty as other factors contributing to health disparities.

Although Native Americans have access to the Indian Health Service, the agency has long been criticized for its chronic underfunding. The same report indicated that the agency’s previous funding met approximately 48.6% of the health care needs of the population it serves.

You must be logged in to react.
Click on any reaction to connect.

FreightWaves Classics/Fallen Flags: Northern Pacific Railway enters service

September 8, 2022

Montana Mortgages

Comments Off on FreightWaves Classics/Fallen Flags: Northern Pacific Railway enters service

FreightWaves Classics is sponsored by Old Dominion Freight Line. Click to find out how we can help your business keep its promises.

On September 8, 1883, the Northern Pacific (NP) Railroad, which was the first of the transcontinental railroads that ran through the northern tier states, was officially completed. An extravagant ceremony was held that day near Gold Creek in the southwestern portion of Montana Territory (now the state of Montana). The North Pacific stretched between St. Paul, Minnesota, and Seattle, Washington, opening a key route that connected the Great Lakes region to the Pacific coast.

Four trains carried 300 officials and dignitaries representing the United States, England, and the German Empire to the ceremony. Among those who helped drive the final peak was Ulysses S. Grant, who was the 18th President of the United States when construction of the line began in 1870.

Driving the last spike on the Northern Pacific Railroad on September 8, 1883, at Gold Creek, Montana.  Former US President US Grant is pictured with a spiked maul and to his left is Henry Villard, then President of the North Pacific.  (Photo of the painting:
Driving the last spike on the Northern Pacific Railroad on September 8, 1883, at Gold Creek, Montana. Former US President US Grant is pictured with a spiked maul and to his left is Henry Villard, then President of the North Pacific.
(Photo of the painting:

Early History of the Railroad

The Northern Pacific was chartered by Congress in 1864 to build a railroad from Lake Superior west to a port on the Pacific coast. To do this, he received a land grant of 40 million acres. Despite the huge land grant, he encountered problems finding financial support for his venture in what was then a mostly unstable wilderness. Then Philadelphia banker Jay Cooke sought to raise $100 million to fund the railroad (over $1.87 billion today). By 1873, the rail line had been built almost to Bismarck in Dakota Territory (now North Dakota).

The North Pacific has been one of the keys to the economic growth of the Dakota Territory. The climate, although very cold, was favorable to wheat, which was in great demand in the United States and Europe. Most of the settlers in the Dakotas were German and Scandinavian immigrants who bought cheap farmland and raised large families. Territory farmers shipped huge amounts of wheat to Minneapolis (the center of the milling industry), while purchasing a variety of household equipment and supplies to ship by rail.

Unfortunately, Cooke’s bank collapsed due to the Financial Panic of 1873, a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 in the United States.

A map of the Northern Pacific Railroad.  (Image:
A map of the Northern Pacific Railroad. (Image:

The panic forced the Northern Pacific Railway into receivership; its construction was halted for six years. In 1878, the railway was acquired by Henry Villard, an American journalist and financier. After disagreements with former railroad executives, Villard was elected chairman of a reorganized board of directors on September 15, 1881.

Henry Villard.  (Photo:
Henry Villard.

Under Villard, the railroad was built west to Helena in Montana Territory, where it connected with the Oregon Railroad from Villard to Seattle in Washington Territory in 1883. C It was then that the ceremony took place near Gold Creek in the Montana Territory.

At that time, the North Pacific had approximately 6,800 miles of track. It served a wide area, including extensive lanes in the states of Idaho, Minnesota, Montana, North Dakota, Oregon, Washington, and Wisconsin. Additionally, the NP had a branch that served Winnipeg, Manitoba, Canada. The main freight carried by the railroad was the bountiful wheat and other grains, cattle, timber, and minerals. The NP also transported consumer goods and farmers (many of whom purchased farmland from the railroad) through the fertile Red River Valley along the Minnesota-North Dakota border.

An advertisement for the Northern Pacific Railway.  (Image: North Dakota State Historical Society)
An advertisement for the Northern Pacific Railway. (Image: North Dakota State Historical Society)

another panic

About 10 years after the railway was completed, another financial crisis hit. The Panic of 1893 was a national economic depression triggered by the collapse of two of the nation’s largest employers – the Philadelphia and Reading Railroad and the National Cordage Company. Following the bankruptcy of these companies, a panic broke out on the stock market. Hundreds of businesses have been overstretched, having borrowed money to expand their operations. When the financial crisis hit, banks and investment companies asked for loans, causing hundreds of business failures across the country. In particular, banks, railways and steel mills went bankrupt. Over 15,000 businesses closed during the Panic of 1893, which did not end until 1897. The unemployment rate in the United States soared to 20%-25%; and homelessness soared as workers were laid off and couldn’t pay their rent or mortgage. The panic also led to the political realignment of 1896 and the presidency of Republican William McKinley.

James J. Hill.  (Photo:
James J. Hill. (Photo:

Because of the Panic of 1893, the North Pacific encountered new financial difficulties. It was reorganized by JP Morgan, who shared control of the railway with James J. Hill, whose Great Northern Railway Company was a competitor to the Northern Pacific.

Hill sought to combine the Great Northern Railway and the Northern Pacific Railway with his Chicago, Burlington and Quincy Railroad Company through the Northern Securities Company, with Hill as chairman. (For more in FreightWaves Classics about James J. Hill and the Great Northern Railway, follow this link for Part 1 and this link for Part 2.)

20th century developments

However, President Theodore Roosevelt (who had ascended to the presidency after the assassination of President McKinley) opposed Hill’s railroad combination. Then, in 1904, the United States Supreme Court declared the Northern Securities Company in violation of the Sherman Antitrust Act and ordered the company dissolved in 1904.

The logo of the Northern Pacific Railroad.  (Image: Adam Burns/
The logo of the Northern Pacific Railroad.
(Image: Adam Burns/

While the Great Northern and Northern Pacific were linked to the Chicago, Burlington and Quincy Railroad, both railroads gained extremely important access to Chicago, the nation’s largest rail hub. They also gained access to the central Midwest and Texas, as well as the Spokane, Portland, and Seattle railroad lines, a major route through eastern and southern Washington.

In addition, money was reinvested in the North Pacific; Its physical plant has been upgraded, including dual track in key areas and automatic block signaling along its entire main line.

The Northern Pacific has also maintained and improved its equipment and services. It was among the first U.S. railroads to adopt diesel power (beginning in 1944), although due to its Wyoming-based coal reserves, NP was among the last U.S. railroads to complete dieselization (in 1960).

A North Pacific freight train.  (Photo:
A North Pacific freight train. (Photo:

By 1900, most of the remaining railroad land grants were located west of Montana. As further east, railroad management hoped to sell the majority of this land. Land sales would provide operating funds and help populate the area, providing new markets for the railroad. However, almost all of the good farmland had been sold before, even though the timberland was of high quality. Much of the timber land was sold to Frederick Weyerhaeuser.

A North Pacific freight train.  (Photo:
A North Pacific freight train. (Photo:

Railway consolidation

Despite the Supreme Court ruling, the three railroads continued to be financially tied. In 1970 they were allowed to merge, creating the Burlington Northern, Inc. Then Burlington Northern acquired the St. Louis-San Francisco Railway Company in 1980 and the Santa Fe Pacific Corporation in 1995. The railroad became the Burlington Northern Santa Fe, or BNSF, one of the last Class I railroads.

Photograph of a train crossing a desert.
A BNSF train heads for its next destination. (Photo: Jim Allen/FreightWaves)

FreightWaves Classics thanks, Burlington Northern Tribute, BNSF, McGill University, North Dakota Historical Society, and for information and images that contributed to this article.

FREIGHTWAVES’ Top 500 For-Hire Carriers list includes Old Dominion Freight Line (#9).

New Bedford City Council to vote on wage reclassification

September 8, 2022

Montana Lending

Comments Off on New Bedford City Council to vote on wage reclassification

The New Bedford City Council will vote tonight on an agenda item that will allow the salary reclassification of city employees – which Mayor Jon Mitchell said will help New Bedford attract the best candidates and fill some positions that have been vacant for a long time.

“The reclassification is essentially a reshuffling of the pay scale for city government management employees, that is, non-union employees,” Mitchell said during his weekly appearance on WBSM.

“We constantly negotiate the contracts that the union enters into with the various collective bargaining units in the city. Usually we sign every negotiation up to a three-year contract which invariably includes salary increases every year,” he said. “In these salary increases, we can somehow maintain a fair and competitive salary scale.

However, this reclassification will allow the City of New Bedford to offer more money to management employees who are not part of unions.

“For management employees, we don’t do this periodically,” Mitchell said. “What we try to do from time to time is try to update their salary to make sure we can bring quality candidates into the city because that’s what the city deserves. It deserves high quality, sharp, knowledgeable and highly competent people who do the very important work of providing municipal services and managing people in municipal government.

Mitchell said the city was “struggling to fill positions” such as chief financial officer and city auditor.

“We’ve had a few retirements lately, some people have gone elsewhere. There are a lot of reasons why there was turnover,” he said. “But we have to replace those people and what we find is that we swing and miss too often because our salaries just aren’t competitive. So we have to keep up, and this reclassification effort is our attempt to ensure that New Bedford recruits high-quality people to fill the really important positions in city government.

Mitchell said when it comes to hiring those positions, the city “gets no bites.” An executive recruiter – or “headhunter” – named Bernie Lynch was hired by the City to find candidates for the positions of chief financial officer and auditor, because of his expertise in potential candidates for such positions.

“He spent over six months beating the pot, trying to find candidates, and it was left empty,” Mitchell said.

He said they had found a highly qualified candidate in a nearby town.

“But he wanted to start at something higher,” Mitchell said. “In order not to take a pay cut from his current position, he had to start at something higher than the entry-level salary at New Bedford, and long story short, the city council was unwilling to take him on. do, and so we lost it.

Mitchell said the goal for now is simply to get wages reclassified so the city can offer a higher salary to potential hires, after comparing salaries currently offered with other cities in New Brunswick. England.

“I think in the long run, and in the vast majority of cities we looked at, the mayor has the power to launch a candidate higher than first, because you need some flexibility when someone wants to be here, but to avoid a pay cut, sometimes you have to start something higher than the low,” he said.

He said the board will address this flexibility at a later date.

“For now, we are simply resetting all salaries in a way that is both competitive but also fair to the whole of municipal government, so that people feel that the city is working to ensure that everyone is supported and that we’re getting the highest quality candidates possible, and retaining them as well,” Mitchell said.

If the board approves the reclassification, Mitchell said the salary increase would take effect “immediately.”

Beware of these 50 jobs that could disappear in the next 50 years

WATCH: States with the most new small businesses per capita

Gavins Point Winter Outings Will Be Minimum Fares > Northwest Division > Northwest Division Press Releases

September 7, 2022

Montana Economy

Comments Off on Gavins Point Winter Outings Will Be Minimum Fares > Northwest Division > Northwest Division Press Releases

Drought conditions in the Missouri River basin above Sioux City, Iowa continued through August. According to the Master Manual and System Storage Audit of September 1, winter discharge from Gavins Point Dam will be 12,000 cubic feet per second (cfs), as part of overall water conservation measures.

While July brought much-needed moisture to the Missouri River basin, August showed a return to the hot, dry conditions seen in the basin for the past two seasons. August runoff was 0.9 MAF, 62% of average above Sioux City, and 0.6 MAF or 49% of average above Gavins Point Dam. The part of the basin that drains into Oahe Reservoir was particularly dry, seeing only 10% of its average August runoff. The 2022 calendar year forecast for the upper basin, updated September 1, is 20.2 million acre-feet (MAF), or 78% of the average. The average annual runoff for the upper basin is 25.8 MAF.

“Reservoir supplies in August were well below average. We expect below-average inflows to the system through the remainder of 2022,” said John Remus, head of the Army Corps of Engineers’ Missouri River Basin Water Management Division. American. “Based on storage in the system during the September 1 storage audit, Gavins Point winter releases will be 12,000 cfs for the second year in a row,” Remus added.

As of September 2, the total volume of water stored in the system was 50.2 MAF, which is 5.9 MAF below the base of the system’s flood control zone. System storage should continue to shrink throughout the fall. Updated reservoir studies indicate that system storage is expected to be greater than 8.4 MAF below flood control base at the start of the 2022 runoff season.

According to the National Drought Mitigation Center, drought conditions in the basin have worsened over the past month. Seventy-four percent of the basin is experiencing abnormally dry or drought conditions, including 7% extreme or exceptional drought. Northern Montana and southwestern Nebraska have exceptionally dry soil conditions. The September and seasonal drought outlook shows that the existing drought persists and extends into the basin through the end of November.

The Gavins Point Dam releases will be configured to provide navigational stream support at a level of 500 cfs above minimum service to the four target locations (Sioux City, Omaha, Nebraska City and Kansas City). Flow targets may be missed to conserve water if there is no commercial shipping in a given reach. The season support will end on November 28 at the mouth of the Missouri River.

Winter Release Rate
In accordance with the criteria of the main manual, the winter discharge rate is determined based on the storage of the system on September 1. According to system storage as of September 1, winter releases from Gavins Point Dam will be at the minimum rate of 12,000 cfs. In anticipation of low winter discharges, a letter will be sent in early September to all water users downstream of the Gavins Point Dam informing them of the expected discharges and encouraging them to assess the risks to their facilities.

Monthly Water Management Conference Calls
The calls for water stewardship include an update on operations of the main Missouri River reservoir system. The next call for 2022 will be Thursday, September 8. All calls are recorded in their entirety and are publicly available on our website at

Fall Public Meetings
The Northwest Division will host a series of town hall meetings the week of October 24-28. The dates and locations of the meetings are listed below.

  • October 24, Fort Peck, MT @ 11:30 a.m. MT – Fort Peck Interpretive Center
  • Oct. 24, Bismarck, ND at 5:00 p.m. CT – Bismarck State College
  • October 25, Ft Pierre, Sd @ 10:00 a.m. CT – Casey Tibbs Conference Center
  • October 25, Sioux City, IA @ 4:00 PM CT – Betty Strong Dating Center
  • October 26, Smithville, MO @ 11:00 a.m. CT – Jerry Litton Visitor Center
  • October 26, Nebraska City, NE @ 6:00 PM CT – Steinhart Lodge
  • Oct. 27, St. Louis, MO @ 10:30 a.m. CT – VIEW17

Reservoir Forecast:

  • Gavins Point Dam
    • Average releases last month – 28,900 cfs
    • Current circulation rate – 30,000 cfs (as of September 1)
    • Expected rejection rate – 30,000 cfs (month of September)
    • Reservoir level at the end of August – 1206.8 feet
    • Expected reservoir level at the end of September – 1207.5 feet
    • Notes: Discharges will be adjusted as needed to meet all downstream navigation targets.

  • Fort Randall Dam
    • Average releases last month – 28,100 cfs
    • Reservoir level at the end of August – 1354.9 feet
    • Expected reservoir level at the end of September – 1353.7 feet
    • Notes: Discharges will be adjusted as necessary to maintain the desired reservoir elevation at Gavins Point.

  • Big Bend Dam
    • Average releases last month – 28,800 cfs
    • Expected Average Reject Rate – 27,000 cfs
    • Expected tank level – 1420.4 feet

  • Oahe Dam
    • Average releases last month – 29,600 cfs
    • Expected Average Reject Rate – 27,000 cfs
    • Reservoir level at the end of August – 1596.0 feet
    • Expected reservoir level at the end of September – 1593.6 feet

  • garrison barrage
    • Average releases last month – 21,100 cfs
    • Current release rate – 21,000 cfs
    • Expected average rejection rate – reduce to 14,000 cfs by mid-September
    • Reservoir level at the end of August – 1835.6 feet
    • Expected reservoir level at the end of September – 1834.2 feet

  • Fort Peck Dam
    • Average releases last month – 7,800 cfs
    • Current release rate – 7,800 cfs
    • Expected average rejection rate – reduce to 4,000 cfs by mid-September
    • Reservoir level at the end of August – 2221.0 feet
    • Expected reservoir level at the end of September – 2220.4 feet

The projected reservoir flows and elevations discussed above are not definitive. Additional precipitation, lack of precipitation, or other circumstances could cause adjustments to reservoir release rates.

The six main power stations produced 886 million kWh of electricity in August. Typical energy production for the month of August is 1,011 million kWh. Power plants are expected to produce 7.3 billion kWh of electricity this year, compared to a long-term average of 9.4 billion kWh.

To view detailed three-week release forecasts for major dams, go to

Pool elevation (feet above mean sea level) Stored water (1,000 acre-feet)
As of August 31 Variation in August As of August 31 % of the 1967-2020 average Variation in August

  • Fort Peck 2221.1 -1.1 12,249 84 -222
  • Garrison 1835.6 -2.4 17,175 96 -724
  • Ahoy 1596.0 -2.2 15 371 87 -651
  • Large bend 1420.7 -0.2 1673 98 -12
  • Fort Randall 1354.9 0.0 3,401,102 +8
  • Pointe Gavins 1206.8 +0.6 345 88 +12

Total 50,214 90 -1,589

Average release in 1,000 cfs Release in 1,000 acre-feet Production in millions of kWh

  • Fort Peck 7.8 479 74
  • Garrison 21.1 1,296,197
  • Ahoy 29.6 1,821,262
  • Big bend 28.8 1,773 97
  • Fort Randall 28.1 1,727,181
  • Pointe Gavins 28.9 1,778 73

Total 884

Russo-Ukrainian War: Weekly Recap and Looking Ahead (September 5)

September 5, 2022

Montana Economy

Comments Off on Russo-Ukrainian War: Weekly Recap and Looking Ahead (September 5)

As the week begins, here’s a preview and roundup of the main developments from the past week.

What to watch this week

On Monday, Brussels is hosting a meeting of the EU-Ukraine Association Council, whose agenda includes European Union support for Ukraine in the face of the Russian invasion and Ukraine’s application for membership of the block.

On Tuesday, the United Nations Security Council is expected to meet, at Russia’s request, to discuss the Russian-occupied Zaporizhzhia nuclear power plant in southern Ukraine following recent attacks, breakdowns and an international inspection of the plant.

Additionally, Boris Johnson’s tenure as UK Prime Minister is coming to an end. He won the praise and affection of Ukrainians as a strong supporter of Kyiv.

And Russian President Vladimir Putin is due to visit the Vostok military exercises in eastern Russia.

On Wednesday, the UN Security Council is to discuss forced displacement in Ukraine, as announced by France.

On Thursday, US Ambassador to the UN Linda Thomas-Greenfield will outline Washington’s priorities at the UN General Assembly later this month. On Saturday, she will address global food security, which has also been affected by the war.

EU energy meetings are due to hold an extraordinary meeting on Friday following spikes in prices largely due to fallout from the war in Ukraine. In addition, EU economics and finance ministers and heads of central banks will also hold an informal meeting.

On Sunday, Russia holds gubernatorial elections in more than a dozen regions.

Meanwhile, security analysts will be watching developments as Ukraine’s counteroffensive in the south enters its second week.

what happened last week

August 29: Ukraine launches a counter-offensive in the south areas captured by Russian forces early in the war.

August 30: Former Soviet leader Mikhail Gorbachev is dead at 91 years old. An interpreter who worked with him later told Reuters that Gorbachev was “shocked and bewildered” by the Russian invasion of Ukraine. Putin did not attend the September 3 burial ceremony and the Kremlin gave him only limited state burials.

UNESCO said it supports Ukraine’s application for Odessa listing as a World Heritage Site.

August 31: EU countries decided to suspend visas for Russians but has not been the subject of an outright entry ban.

September 1st : international atomic energy agency inspectors visited Zaporizhzhia nuclear power plant in southern Ukraine, after a delay and attacks en route to the Russian-occupied factory.

The new from Ukraine the school year has started in the middle of a war. While some schools have started in person, most will try to hold classes online. More than 2,000 learning centers, from kindergartens to universities, have been damaged or destroyed, according to the Ministry of Education.

Russia has launched Vostok 2022, a week of military exercises with other countries. Some analysts say the drills reflect Moscow’s deepening ties with China and India.

September 2: President Biden asks Congress to approve 11.7 billion dollars for Ukraineincluding $7.2 billion for military spending and $4.5 billion for direct economic support.

September 3: The besieged Zaporizhzhia nuclear power plant was again destroyed its last external power line, but was still able to run electricity through a reserve line. Russia and Ukraine have accused each other of bombing the region.

Russian bombings hit Kharkiv in Ukraineto the northeast, and Mykolaiv to the south.

September 4: John Sullivan steps down as US Ambassador to Russia and will retire from public service, the US Embassy in Moscow announced. He was nominated in December 2019 by then-President Donald Trump and stayed on through a tumultuous time. Elizabeth Rood becomes charge d’affaires of the embassy until the arrival of Sullivan’s successor.

Ukrainian Prime Minister Denys Shmyhal visited Germany and spoke with its leaders about the war, Russian sanctions and Ukraine’s arms needs.

In depth

Ukraine’s southern offensive relies on heavy weapons. The soldiers say there are not enough.

Along the frontlines in eastern Ukraine, cut off from its resources, a resilient city holds firm.

What it is for Ukrainians who work in a nuclear power plant under Russian occupation.

Russian efforts to break up European energy unity appear to be failing, at least for now.

As inspectors leave Ukraine’s nuclear power plant, the mayor of a nearby town harbors high hopes.

What inspectors are looking for at Ukraine’s war-damaged Zaporizhzhia nuclear power plant.

A Ukrainian neurologist from Kyiv returns with NPR, saying dozens of Western medical professionals have offered help since the first interview.

On the border between Latvia and Russia, the line lengthens and shortens.

A massive military aid package to Ukraine signals that the United States is at war for the long haul.

Special report

Russia’s war in Ukraine is changing the world: see its ripple effects around the globe.

Previous developments

You can read past recaps here. For context and more in-depth stories, you can find more NPR coverage here. Also, listen and subscribe to NPR Ukrainian state podcast for updates throughout the day.

Copyright 2022 NPR. To learn more, visit


How to Start an LLC in Montana (2022 Guide) – Forbes Advisor

September 5, 2022

Montana Loans

Comments Off on How to Start an LLC in Montana (2022 Guide) – Forbes Advisor

In the early stages of establishing an LLC in Montana, you must first manage some key details. Please read the following sections to know what to do before submitting LLC documents.

Create an ePass account online

One important thing to note about filing in Montana is that its commercial filing system is completely online. This means that you will need to configure a ePass account with the state before we can do anything. Be sure to handle this before attempting to file documents with the state.

Search and Reserve LLC Trade Name

It’s always a good idea to check the availability of your business name. It would be an unfortunate waste of time and resources to apply for an LLC, only to be rejected because the name is already in use. You can easily avoid this by doing a series of research using the Montana Secretary of State website.

Once you are sure your name is safe to use, log in to your ePass account and complete the online name reservation form. Although not required, it is a great way to ensure that your business name will be available once you have completed your LLC preparation and gone on file. The deposit costs $10 and reserves your name for 120 days. .

Get your own web domain

Before starting a Montana LLC, consider creating and launching your own web domain. A professional website is practically essential in the modern business era. Many potential customers are particularly savvy when it comes to researching companies and products. You’ll want to make it as easy as possible for them to find you online and learn more about your business.

Hire a registered agent

A registered agent is a must for any LLC in Montana. This person or business will receive important legal documents on behalf of the business. It is true that you can act as the registered agent of your LLC or appoint a member to this role. To qualify, the prospective agent must be at least 18 years old and have a physical address in Montana.

If no one respects these stipulations, or if you simply decide it’s too much of a problem, hiring a registered agent is another popular solution. Prices vary, but you can expect to spend anywhere from just under $50 to as much as $300 per year.

States with the most and the least student debt | Personal finance

September 3, 2022

Montana Loans

Comments Off on States with the most and the least student debt | Personal finance

In the late 1980s, a high school graduate who wanted to attend college or university was looking at average tuition costs of $15,160 per year for a private, nonprofit school and $3,190 per year for a public college or university. By 2021, that number had jumped to $37,600 for private non-profit colleges and $9,400 for public schools. Once the cost of books, room and board, and other fees are added in, paying for college with a part-time or summer job becomes more and more a thing of the past.

Today’s students are turning to loans instead, leading to a widespread debt crisis. Americans currently owe $1.58 trillion in student loans, which is changing the shape and trajectory of the US economy. Instead of buying cars or homes, many millennials are focused on finding jobs that will allow them to repay their loans without defaulting.

Some states are taking steps to help by adopting a Charter of rights of the student borrower and offer a variety of scholarship and loan repayment programs to qualified graduates. In New York in 2017, for example, New York announced a scholarship program that would provide free tuition at public colleges residents whose families earn less than $125,000 per year.

Stacker reviewed 2022 data from the New York Federal Reserve to determine where student debt is hitting the nation the hardest. In case of a tie, we looked at the number of borrowers in all tied states.

Read on to see where your state falls on the list.

You might also like: Highest Paying Management Jobs

States with the most and the least student debt | Smart Change: Personal Finances

September 3, 2022

Montana Lending

Comments Off on States with the most and the least student debt | Smart Change: Personal Finances

In the late 1980s, a high school graduate who wanted to attend college or university was looking at average tuition costs of $15,160 per year for a private, nonprofit school and $3,190 per year for a public college or university. By 2021, that number had jumped to $37,600 for private non-profit colleges and $9,400 for public schools. Once the cost of books, room and board, and other fees are added in, paying for college with a part-time or summer job becomes more and more a thing of the past.

Today’s students are turning to loans instead, leading to a widespread debt crisis. Americans currently owe $1.58 trillion in student loans, which is changing the shape and trajectory of the US economy. Instead of buying cars or homes, many millennials focus on finding jobs that will allow them to repay their loans without defaulting.

Some states are taking steps to help by adopting a Charter of rights of the student borrower and offer a variety of scholarship and loan repayment programs to qualified graduates. In New York in 2017, for example, New York announced a scholarship program that would provide free tuition at public colleges residents whose families earn less than $125,000 per year.

Stacker reviewed 2022 data from the New York Federal Reserve to determine where student debt is hitting the nation the hardest. In case of a tie, we looked at the number of borrowers in all tied states.

Read on to see where your state falls on the list.

You might also like: Highest Paying Management Jobs

Younger ‘dreamers’ watch with concern a legal challenge | national news

September 3, 2022

Montana Mortgages

Comments Off on Younger ‘dreamers’ watch with concern a legal challenge | national news


LOS ANGELES (AP) — When Juliana Macedo do Nascimento signed up for an Obama-era program to protect immigrants who came to the country as young children from deportation, she enrolled in the California State University, Los Angeles, moving from a job in housekeeping, child care, auto repair and a construction business.

Now, a decade later, at 36, a graduate school at Princeton University is behind her and she works in Washington as deputy advocacy director for United We Dream, a national group.

“Dreamers” like Macedo do Nascimento, long a symbol of immigrant youth, are increasingly reaching middle age as eligibility requirements have been frozen since 2012, when the Deferred Action Program for Newcomer Arrivals children was introduced.

The oldest recipients were in their early 30s when DACA began and are in their early 40s today. At the same time, fewer people who have reached the age of 16 can meet the requirement of having been in the United States continuously since June 2007.

People also read…

The average age of a DACA recipient was 28.2 in March, down from 23.8 in September 2017, according to the Migration Policy Institute. About 40% are 30 or older, according to, a group that supports DACA.

As fewer are eligible and new registrations have been closed since July 2021 by court order, the number of DACA beneficiaries fell to just over 600,000 by the end of March, according to government figures.

The beneficiaries became owners and got married. Many have US citizen children.

“DACA is not for young people,” said Macedo do Nascimento. “They don’t even qualify anymore. We’re well into middle age.”

Born out of President Barack Obama’s frustration with Congress’ failure to reach an agreement on immigration reform, DACA was meant to be a temporary fix and many viewed it as flawed from the start. Immigration advocates were disappointed that the policy did not include a pathway to citizenship and warned that the need to renew the program every two years would leave many feeling in limbo. Opponents, including many Republicans, saw the policy as legal excess on Obama’s part and criticized it as rewarding people who failed to follow immigration law.

In an effort to insulate DACA from legal challenge, the Biden administration issued a 453-page rule on August 24 that sticks closely to DACA as it was introduced in 2012. It codified DACA as regulation by subjecting it to potential changes after lengthy public comment.

DACA advocates welcomed the settlement but were disappointed that the eligibility age was unchanged.

The rule was “a missed opportunity,” said Karen Tumlin, an attorney and director of the Justice Action Center. DACA, she said, was “locked in time, like a fossil preserved in amber.”

The administration weighed expanding age eligibility but decided against it, said Ur Jaddou, director of U.S. Citizenship and Immigration Services, which administers the program.

“The president said to us, ‘How can we preserve and fortify DACA? How do we ensure program security and how best to do so? and it was the decision that was made after a lot of thought and careful consideration,” Jaddou said Monday in Los Angeles.

The 5th U.S. Circuit Court of Appeals, which is considering challenging DACA from Texas and eight other states, has asked both parties to explain how the new rule affects the program’s legal status.

Texas, in a filing Thursday, said the rule could not save DACA. States admitted that it is similar to the 2012 memo that created the program, but that they “share many of the same flaws.”

The executive has “neither the power to decide the major matters dealt with by DACA, nor the power to confer substantive immigration benefits,” the states wrote.

The Justice Department argued that the new rule — “substantially identical” to the original program — renders moot the argument that the administration failed to follow federal rule-making procedures.

DACA has been closed to new enrollees since July 2021 while the case continues in the New Orleans Court of Appeals, but two-year renewals are allowed.

The uncertainty surrounding DACA has caused anxiety and frustration among aging recipients.

Pamela Chomba, 32, arrived with her family from Peru when she was 11 and settled in New Jersey. She fears losing her job and missing mortgage payments if DACA is found to be illegal. She put off becoming a mother because she doesn’t know if she can stay in the United States and doesn’t want to be a “burden” on her children.

“We are people with lives and plans, and we really want to make sure we can feel safe,” said Chomba, director of state immigration campaigns for

Macedo do Nascimento was 14 when she arrived with her family from Brazil in 2001. She did not see a brother who returned to Brazil just before DACA was announced in 10 years. International travel under DACA is very limited.

Like Biden and many DACA advocates, she believes legislation is the answer.

“Congress is the ultimate solution here,” she said. “(Both sides) keep passing the ball to each other.

The uncertainty affected her, the eldest of three siblings.

“The fear of being deported has returned,” Macedo do Nascimento said, because “you never know when this policy is going to end.”

Sainz reported from Memphis, Tennessee.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

People hate national parks and monuments until they don’t anymore

September 2, 2022

Montana Economy

Comments Off on People hate national parks and monuments until they don’t anymore

Last week, President Trump launched an unprecedented assault on US public lands when he ordered Interior Secretary Ryan Zinke to assess whether dozens of national monuments should be canceled or reduced.

Trump was responding to pressure from the Utah congressional delegation, which had long hated the Teddy Roosevelt-era Antiquities Act, the law that gives the president the power to protect lands and waters with physical or cultural attributes. exceptional. Some, but not all, Utahans are upset with President Obama’s creation of the 1.35 million acre Bears Ears National Monument, as well as President Clinton’s 1996 designation of the Grand Staircase National Monument. – Escalante.

The long campaign against the Antiquities Act comes with a lot of searing rhetoric.

When Obama announced the creation of Bears Ears, Utah Senator Orrin Hatch said, “For Utahans in general, and for those in San Juan County, this is an affront of epic proportions and an attack on an entire way of life.

(Never mind that five Native American nations came together to support the monument and that it enjoyed deep support nationwide.)

During the signing ceremony for his new executive order, Trump said he would end the “abusive practice” of establishing national monuments, which he called a “massive federal land grab.”

(The president, who is clearly not a student of history, is apparently unaware that since the Antiquities Act was enacted, every president except George HW Bush has used it. Trump is also unaware of obviously the fact that the lands in question were already under federal control.)

Adding further disinformation to Trump’s statements, Interior Secretary Zinke said some national monuments are “off-limits to public access for grazing, fishing, mining, multiple uses, and even outdoor recreation”.

(Zinke—who, at a White House press conference the day before the order was signed, boasted that “no one loves our public lands” more than he does—should know. national monuments allow public access, and almost all of those in question permit outdoor recreation, including fishing, camping, hiking, and even hunting in some designations Livestock grazing is generally permitted where it existed before. The most commonly prohibited activities are logging, oil and gas drilling, mining, and sometimes areas are closed to off-road vehicles.)

Tell Home Secretary Ryan Zinke that our national monuments were created with overwhelming public support and must remain protected.

If all of Hatch’s, Trump’s and Zinke’s speeches sound predictable, that’s because you’ve heard them before. The anger directed at national monuments is history repeating itself. Secretary Zinke’s statement that “in some cases, monument designation may have resulted in lost jobs, lower wages and reduced public access” echoes arguments long made against parks and monuments. For more than a hundred years, voices have been raised against the “surpassing” of distant authorities.

But the predicted calamities almost never materialize. And the same voices that once warned of economies being destroyed by land protection are coming to understand that there is more value in protecting a place than stripping it of minerals and trees. There have always been people who hate parks and monuments, until they come to love them.

According to Thomas Power, a retired economist from the University of Montana, many people, when they think about land conservation, suffer from a sort of “rear-view mirror” effect. We look at which industries have boosted our economies in the past, but we often don’t know what is currently fueling our economies, let alone what might be important in the future. “Not only are there economic opportunities that come with protected lands, including tourism-related business ventures, but land protection has other less direct economic benefits,” Power wrote. “Wilderness and park designation create quality of life attributes that attract residents whose incomes do not depend on local employment in commercial material extraction activities from the natural landscape, but choose to relocate to a area to take advantage of its amenity values.”

This hindsight effect has always been one of the challenges of the conservation movement. It is only with hindsight that the protection of a place seems obvious; At the moment, any decision to protect the earth from our immediate needs requires a certain amount of courage.

Looking back, it is therefore instructive to look at various parks and monuments and remember how locals reacted to them when they were first established and how they perceive them now. A little history might give Trump, Zinke and others some perspective — and maybe even cool their histrionics.

yellowstone national park

Bison in a snowstorm, Blacktail Plateau, Yellowstone National Park

So: Opposition to parks and other protected lands began with the first-ever federal land withdrawal. When Congress declared the upper Yellowstone River the nation’s first national park in 1872, local reception to the news was negative. Montana’s Editors Helen’s Gazette said: “We consider the adoption of the law [to protect the area] as a great blow to the prosperity of the towns of Bozeman and Virginia City.

Now: Anyone who’s visited Bozeman recently knows it’s a prime location for new businesses and independent entrepreneurs out west, in part because of its proximity to Yellowstone National Park. Indeed, a recent economic study by Headwaters Economics found that visitors to Yellowstone in 2015 generated more than $110,000,000 in revenue for Montana’s economy.

National Monument/Grand Canyon National Park

Inner Colorado River Gorge from Tuweep Overlook, Grand Canyon National Park

So: In the 1880s, three bills to protect the canyon as a national park failed to gain traction in Congress due to local opposition. The Sun Williams A northern Arizona newspaper captured the common sentiment of the time when it editorialized that the idea for the national park represented an “evil, diabolical plan”, and that whoever spawned such an idea must have been ” nursed by a sow and raised by an idiot”. . . . The destiny of Arizona depends exclusively on the development of its mineral resources. In 1908, President Teddy Roosevelt used the Antiquities Act to establish the Grand Canyon National Monument. The Arizona congressional delegation was baffled by Roosevelt’s statement and succeeded in preventing any federal funding for park operations and attempted, unsuccessfully, to legally challenge Roosevelt’s monument designation.

Now: Local attitudes regarding the value of Grand Canyon National Park had reversed dramatically in 1994, when the Republican Congress shut down the federal government, including national park operations. Fearing a loss of tourism dollars, the state of Arizona offered to pay the costs of keeping Grand Canyon National Park open to the public. In 2016, Representative Raul Grijalva and conservation groups were urging President Obama to establish a Grand Canyon National Heritage Monument around the park. Some 80% of Arizona residents supported the idea.

Mount Olympus National Monument/Olympic National Park

Mount Olympus covered in glaciers, Olympic National Park

So: There was significant local opposition when President Teddy Roosevelt established a national monument on Washington State’s Olympic Peninsula in 1909. Commercial logging interests were particularly angry. MJ Carrigan, the Seattle tax collector, railed against the monument, which became a national park under Franklin Delano Roosevelt:[We] would be silly to let a bunch of insane sentimentalists monopolize the resources of the Olympic Peninsula in order to preserve its landscape.

Now: US Representative for the region, Derek Kilmer, has proposed legislation to add additional areas around Olympic National Park. He’s a local and says he can’t imagine the area without the park. “As someone who grew up in Port Angeles, [Washington]I’ve always said that we don’t have to choose between economic growth and environmental protection.

Jackson Hole National Monument/Grand Teton National Park

Mount Moran reflected in Leigh Lake, Grand Teton National Park

So: When FDR used the Antiquities Act to create Jackson Hole National Monument (precursor to Grand Teton National Park), locals went nuts. Some feared that Jackson was becoming a “ghost town”. Wyoming’s congressional delegation introduced legislation to remove the monument.

Now: Today, the “ghost town” of Jackson is home to 22,000 “ghosts” and Teton County is Wyoming’s wealthiest county, with an unemployment rate of 2.6% and a median household income of 75,325. dollars, compared to $58,804 for Wyoming.

Glacier National Park

Mountain goat at Logan Pass Continental Divide, Glacier National Park

So: When Glacier was first protected as a national park in 1910, the Kalispell Chamber of Commerce officially opposed designation of the park, fearing the park would impede oil, gas, and logging operations. Residents submitted a petition to the federal government in 1914 to dismantle the park, arguing that “it is more important to provide homes for a land-hungry people than to lock up the land for a rich man’s playground than no one will or will ever use. .”

Now: Today, the same Kalispell Chamber of Commerce boasts of having the “best backyard in the country.” Half an hour to the east lies the rugged grandeur of Glacier National Park. And contrary to the claim that “no one will or will ever use” the park, according to the National Park Service, nearly 3 million people visited Glacier National Park in 2016.

Arches, Bryce Canyon, Capitol Reef and National Monuments/Zion National Parks and Canyonlands National Park

Looking from the Dollhouse to the Maze in Canyonlands National Park

So: Many national parks that anchor southern Utah’s economy, including Zion, Bryce Canyon, Arches, and Capitol Reef, were first protected in the 1920s and 1930s as national monuments. In the 1960s, efforts to make these places national parks and to create a Canyonlands National Park met with strong resistance from the oil and gas industry, ranchers, and the Utah senator. Wallace F. Bennett, who in 1962 predicted, “All commercial use and commercial activity would be forever banned and nearly all growth in southern Utah would be forever stunted.

Now: When congressional Republicans shut down the federal government in the fall of 2013, Utah state officials raced to keep the state’s five national parks open. The move came with a hefty price tag – around $167,000 a day to run the parks. In a 2014 speech to the Senate, Senator Hatch said, “We owe a debt of gratitude to the people, elected officials and citizens, who had the foresight to recognize the value of Canyonlands and created the park 50 years ago. year.

Coinbase investigates network payment delays

September 2, 2022

Montana Lending

Comments Off on Coinbase investigates network payment delays

Ethereum-based asset management protocol Babylon Finance will shut down completely in November after it failed to recover from the $80 million exploit on Rari Capital in April, Coindesk wrote.

Rari has made it so users can contribute and borrow any asset from its Fuse pools to earn returns, allowing users to create their own pools with Ethereum-based assets.

Babylon stored around $30 million in many cryptocurrencies at its peak, among the major lending pools on Rari.

In other news, has backed out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, which is Europe’s elite soccer league, Coindesk wrote.

The deal had apparently been agreed in principle and would have seen take over as sponsor from Russian state-owned energy company Gazprom. UEFA canceled Gazprom’s contract in March after Russia invaded Ukraine.

Additionally, a date will soon be set for the distribution of funds from former crypto exchange Mt. Gox, Coindesk wrote, which will see creditors reimbursed for a 2014 hack that lost 850,000 bitcoins.

A court document says the date will be determined “in due course.” Creditors were given a September 15 deadline to make or transfer a claim.

Creditors will receive a base payment initially and can choose to receive the rest as an early lump sum payment or as a later payment after the end of the legal proceedings.

Additionally, former CFTC Commissioner Jill Sommers now sits on the board of FTX US Derivatives, according to a press release.

FTX US Derivatives is regulated by the CFTC. FTX US Derivatives was established in 2017 as LedgerX and made crypto-related options and swap contracts available to investors 24/7. Sommers hailed the company as being “at the forefront of bridging the gap between traditional and digital assets while staying true to its founding principles of transparency and leading the charge to become the most trusted digital asset exchange.” regulated in the world”.

Finally, Coinbase is reportedly addressing an issue where multiple networks have had issues with deposits and withdrawals, the exchange said at 12:52 a.m. ET, Seeking Alpha wrote.

But the notice was removed at 1:20 p.m. ET. The company said it fixed an issue that caused processing delays.

For all the PYMNTS crypto coverage, subscribe to the Daily Crypto Newsletter.


About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

We are always looking for partnership opportunities with innovators and disruptors.

Learn more

As Montana celebrates the holiday weekend, here’s how we work.

September 1, 2022

Montana Mortgages

Comments Off on As Montana celebrates the holiday weekend, here’s how we work.

It’s the last big weekend of summer.

As Labor Day approaches and we prepare to celebrate a three-day weekend and say goodbye to summer, it’s time to reflect. Labor Day has been around since 1882 and was created to celebrate the worker. Of course, over time we focus more on going to the lake, eating, drinking and spending time with family and friends.

Being curious by nature, I began to wonder what the Montanese did for work. What are the top industries when it comes to employment in Montana?

According to World Atlas, the top industries for employment in Montana are agriculture and forestry. The report says Montana has about 28,000 farms across the state covering nearly 60 million acres that are used for agriculture. Forestry is important in the western part of the state, with over 13 million acres of woodland.

Tractor in a field on a rural Maryland farm at sunset with sunbeams

Then health care.

The healthcare industry is one of the fastest growing industries in the state with approximately 70,000 Montana residents working in the field. In fact, future projection models suggest that those looking to start a career with good pay and a high likelihood of advancement might consider going into healthcare.

The energy industry is also important in Montana. Montana produces energy in the form of coal, oil, wind, solar, and hydroelectric power, and while some people would like to see the state move away from our reliance on fossil fuels, that doesn’t seem to be happening. anytime soon.

Railway tanks
Brian Brown

Here in Montana, we make things, so it’s no surprise that manufacturing is a big part of the state’s economy. Some of the things we produce here in the land of the big sky go hand in hand with the industries mentioned above. Some of the products made here in Montana include wood products, alcohol, pharmaceuticals, auto parts, farm equipment, and several outdoor recreation products.

Finally, we have tourism and recreation.

We all know that tourism is big business for Montana, especially during the summer months when millions of people travel to visit places like Yellowstone and Glacier National Park. This has a direct impact on several communities in the state in terms of people staying in their hotels, eating in their restaurants, and shopping in their stores.

Yellowstone National Park.Wyoming.USA

Of course, there are many other industries that employ Montanese, and whatever you do for work, I wish you a very happy Labor Day weekend.

Beware of these 50 jobs that could disappear in the next 50 years

CHECK IT OUT: Discover the 100 most popular brands in America

US exploits historic surpluses for tax cuts and refunds |

August 31, 2022

Montana Economy

Comments Off on US exploits historic surpluses for tax cuts and refunds |

JEFFERSON CITY, Mo. — Fueled by the largest surplus in state history, Missouri’s Republican-led legislature has devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Governor Mike Parson vetoed it.

Parson’s Objection: He wanted a bigger, longer lasting tax cut.

“Now is the time for the largest income tax cut in our state’s history,” Parson said as he called lawmakers back to a September special session to consider a permanent $700 tax cut. millions of dollars.

Upon its likely approval, Missouri will join at least 32 states that have already passed some type of tax cut or refund this year — a stunning outpouring of billions of tax dollars to the people. Idaho lawmakers are meeting Thursday to consider more tax relief, and Montana lawmakers are also considering a special session for tax relief.

People also read…

Thanks to federal pandemic assistance and their own rising tax revenues, states have cut personal and corporate income tax rates, expanded tax deductions for families and retirees, cut property taxes, eliminated sales taxes on groceries, and suspended fuel taxes to offset inflation. peak prices. Many also provided immediate tax refunds.

Republicans and Democrats joined the trend of lower taxes in a year of midterm elections.

Yet divisions have emerged over how far to go. While Democrats have generally favored targeted tax breaks and one-time rebates, some Republicans have pushed for permanent income tax rate cuts that could lower tax bills — and state revenues — for years to come. Parson describes it as “real and lasting relief”.

Some budget analysts warn that permanent tax cuts could strain states in a future recession. The US economy has contracted for two consecutive quarters this year, encountering an informal sign of recession.

“Quite simply, relying on the current surplus to fund permanent tax changes is neither fiscally viable nor fiscally responsible, and will ultimately require cuts to state services,” said Amy Blouin, President and CEO of the Missouri Budget Project, a nonprofit organization that analyzes tax policy.

For some states, the current surpluses are unlike anything they have seen before.

Fiscal 2022, which ended June 30 for most states, marked the second straight year of strong tax revenue growth after economic shutdowns triggered declines at the start of the coronavirus pandemic. Many states reported their largest-ever surpluses, according to the National Association of State Budget Officers.

Nationally, inflation is at its highest level in 40 years, pushing up the prices of most goods and services and squeezing incomes.

At least 15 states have approved one-time rebates on their surpluses, including 10 led by Democratic governors and legislatures, four by Republicans and one — Virginia — with shared partisan control.

Although often popular, tax refunds do little to fight inflation and “may actually be counterproductive” by allowing additional consumer spending on scarce items and thus contributing to the rise prices, said Hernan Moscoso Boedo, an economist at the University of Cincinnati.

Yet large surpluses coupled with inflation make rebates a tempting option for politicians, especially during an election year.

Georgia Governor Brian Kemp, a Republican facing a re-election challenge from Democrat Stacey Abrams, has been among the most aggressive tax-relievers. He signed a law gradually reducing the income tax rate from 5.75% to 4.99%. He also signed a measure providing for a $1.1 billion tax refund, with up to $250 for individuals and $500 for couples. He proposed an additional $2 billion in income and property tax refunds.

Idaho Governor Brad Little, a Republican, recalled the Legislature for a special session beginning Thursday to consider more tax relief.

He proposes using part of the state’s projected $2 billion budget surplus for a $500 million income tax refund this year. He also wants to cut more than $150 million a year by creating a flat tax rate of 5.8% starting next year. It comes after the state cut the top tax rate in each of the past two years.

Montana lawmakers are debating whether to call a special session later in September to provide tax relief from a budget surplus. One proposal calls for rebates of $1,000 to homeowners who have paid property taxes in the past two years. It would also offer income tax refunds of $1,250 for individuals and $2,500 for couples.

The Republican House and Montana Senate Majority Leaders said in a joint statement that the discounts would provide assistance “as soon as possible for expenses such as gas, groceries, school supplies and much more. “. But some lawmakers, including term-limited GOP Rep. Frank Garner, have expressed reluctance.

“My first concern is whether this proposal is driven by an impending emergency or by those who want to write voters checks because their emergency is only an impending election,” Garner wrote in an op-ed column.

‘Soo Burger Month’ a tasty way to support local charity

August 31, 2022

Montana Mortgages

Comments Off on ‘Soo Burger Month’ a tasty way to support local charity

Throughout September, 10 local restaurants will donate a portion of their specialty burger sales to the Blake Ave. of Habitat for Humanity.

Calling all burger lovers!

For a second consecutive year, Habitat for Humanity Sault Ste. Marie is bringing back “Soo Burger Month,” a tasty fundraiser that runs through September that encourages residents to eat burgers at local restaurants to support charities.

Ten restaurants in the city have reserved a specialty burger on their menu and will donate at least one dollar to the nonprofit housing organization for each burger sold.

Habitat Marketing Coordinator Chelsey Foucher says the event is a fantastic opportunity for Saultites to help others in the community who are in dire housing need.

“We’re trying to establish more signature events,” she said. “Last year was a bit of a trial run, so we’re really looking forward to getting this fundraiser going and making it work.”

Restaurants participating in Soo Burger Month include Soo Blaster, The Soup Witch Cafe, Ernie’s Coffee Shop, Montana’s BBQ and Bar, Shooters Downstairs Lounge, Getaway Restaurant (in Gateway Casinos), Center Ice Bar and Grill, The Root, Q-Patio (at the Quattro) and Uncle Gino’s cafe.

“Their support is super important,” says Foucher. “Coming out of the pandemic, we knew restaurants were struggling. We wanted to do something that would support us, but also support local businesses. Giving restaurants this opportunity to participate and support Habitat and their community is mutually beneficial, and it also creates a bit of friendly competition.

Money raised throughout September will be used to build a fully accessible four-bedroom home on Blake Avenue for a Syrian refugee family who has lived in Canada since 2016.

“The father uses a wheelchair and their two-bedroom apartment is not accessible or big enough for all five,” says Foucher. “This fundraiser will help house them by the end of the year.”

The ten participating restaurants will also compete for the Best Burger Award and the Most Burgers Sold Award.

Residents are encouraged to use the Burger Passport to keep track of their selections. Entrants are also encouraged to share photos of their burger on social media using the hashtag #SooBurgerMonth.

A full press release is below:


September is Soo Burger Month!

Habitat’s second annual Soo Burger Month fundraiser is about to begin!

Soo Burger Month, presented by, is a citywide fundraiser taking place throughout the month of September that encourages Saultites to eat burgers in support of charities.

Using the Burger Passport, generously sponsored by Cliffe Printing, Habitat will guide you to ten participating restaurants featuring a creative new burger (or a tried-and-true burger) from which at least $1 will be donated to Habitat for Humanity. Sault Ste. Marie & Area per burger sold.

Ten local restaurants are participating in this year’s fundraiser: Soo Blaster, The Soup Witch Cafe, Ernie’s Coffee Shop, Montana’s BBQ and Bar, Shooters Downstairs Lounge, Getaway Restaurant (in Gateway Casinos), Center Ice Bar and Grill, The Root , Q-Patio (at the Quattro) and Café de l’oncle Gino.

Last year, Soo Burger Month raised just under $3,000 to support the organization’s affordable homeownership program. Habitat hopes to see a modest increase from last year, after making some minor adjustments to the event based on some of last year’s feedback.

“We’ve decided to push fundraising back a month to September, so fans can enjoy their burgers during patio season,” says Chelsey Foucher, Fundraising and Marketing Coordinator.

The Burger Passport shows restaurant locations, the burgers they offer, and the amount donated to Habitat per burger sold. Burger Passports can be downloaded online or picked up at any of the following locations starting September 1:

  • Habitat ReStore (32 White Oak Drive)
  • Getaway Restaurant at Gateway Casinos (30 Bay Street West)
  • Ernie’s Cafe (13 Queen Street East)
  • Soo Blaster (345 Queen Street East)
  • Q-Patio by Quattro (229 Great Northern Road)
  • Montana BBQ and Bar (89 Foster Drive)
  • Main Floor Shooters’ Lounge (68 Dennis Street)
  • Center Ice Bar & Grill Inc. (285 Northern Ave East)
  • The Root (85 Old Hwy 17 N)
  • The Soup Witch (215 Fourth Line East)
  • Uncle Gino’s Cafe & Ristorante (56 Second Line West)

Fundraising will also be complemented by a small contest. The restaurants are competing to win the award for best burger and the award for most burgers sold – won by Ernie’s Coffee Shop and Getaway Restaurant respectively in 2021.

“We’d love for people to take photos and post their #SooBurgerMonth adventures on social media to help us spread the word,” says Foucher, “and don’t forget to tag Habitat!”

Funds raised by Soo Burger Month 2022 will support Habitat’s fully accessible Blake Avenue construction, which will house a family of five by the end of the year.

Foucher pointed out that it’s a common misconception that Habitat is giving away homes for free when, in fact, they’re selling them to eligible families.

“The families we work with volunteer 500 hours and buy their homes at fair market value with an affordable mortgage from Habitat. Our program removes the hurdle of a large down payment and ensures that mortgage payments do not exceed 30% of their household income,” explained Foucher. “Their mortgage payments then go into our ‘Fund for Humanity’ which exists solely to fund future construction.”

With the current Blake Avenue home completed, Habitat plans to build a quintuple on Goulais Avenue in 2023 — the organization’s largest project to date.

You can learn more about Soo Burger Month by visiting or follow Habitat on Facebook, Instagram or Twitter.

Donations to Habitat’s Affordable Homeownership Program can be made at Companies interested in sponsoring a Habitat home can contact Chelsey Foucher at [email protected]

After Bruen, another judge ends Colorado assault weapons ban

August 31, 2022

Montana Loans

Comments Off on After Bruen, another judge ends Colorado assault weapons ban

What you need to know today

NEW from THE TRACE: Survivors who shoot shouldn’t pay their own medical bills.In a new comment, Professor Hugh Gusterson of the University of British Columbia shares a proposal to defray often exorbitant costs for survivors of gun violence. According to a 2017 study, only 12% are able to pay these bills in full. Gusterson turns to auto insurance for an answer. “Americans have accepted the price we pay to live with cars,” he writes. “We have devised an elaborate insurance system to ensure that the medical expenses of people injured by automobiles are paid not by the victims but by the community of automobile owners.” This model, he says, could guide how society pays for victims of gun violence. Read the full opinion piece.

Citing Brownanother federal judge prevents a Colorado municipality from enforcing an assault weapons ban. U.S. District Judge Charlotte Sweeney issued a temporary restraining order against the Boulder County law, which includes a ban on large-capacity magazines. Judge Sweeney wrote that the “plaintiffs establish a substantial likelihood of success” in part because of the Brown the decisions new constitutional test for how federal courts should evaluate gun laws. Another US district judge – also a Democratic presidential candidate – has been sidelined a similar decision last month about the City of Superior’s Assault Weapons Ban. We follow the effects of Brown Case here.

Lawmakers seek answers from company offering interest-free loans for weapons and ammunition. In a letter to the CEO of Montana-based Credova Financial, 18 House Democrats asked the company how it ensures people who use its ‘buy now, pay later’ funding for guns don’t quickly resell them . They also asked if the company knew if customers who had financed firearms had used them to commit acts of violence, and how often people failed to repay those loans. The four-year-old company said approximately three-quarters of the businesses where it provides financing are gun or hunting stores.

Newsrooms are suing Uvalde officials for access to public records. Citing the Texas Open Records Act, The Associated Press and others filed a complaint in Uvalde County to compel the sheriff’s department, school district and city to turn over 911 tapes and other records and documents related to the May shooting at Robb Elementary School. This comes several weeks later a similar trial charged the state Department of Public Safety for violating Texas public information law by withholding information about the police response.

We are up for three more awards! The Online News Association named us among the finalists for its 2022 Online Journalism Awards in:

  • General Excellence in Online Journalism, Small Newsroom
  • Excellence in collaboration and partnerships, for our investigation with VICE News: “Return of the Machine Gun
  • Gather Award in Community-Centered Journalism, Overall Excellence, Micro/Small Newsroom, for in the block

The winners will be announced on September 24 at the 2022 ONA conference.

Data point

~100,000 — the number of new police hires proposed in Joe Biden’s 2023 budget request, which the president highlighted Tuesday in a speech from Pennsylvania on crime and policing. [The New York Times]

August shift work beats historic trends, sought-after soft landing remains intact

August 30, 2022

Montana Economy

Comments Off on August shift work beats historic trends, sought-after soft landing remains intact

LOWELL, Massachusetts and WESTON, Florida –(BUSINESS WIRE)–UKG:

National overview:

The UKG Workforce Activity Report for August 2022 indicates the total number of shifts worked1 by people in American companies fell 0.8%, indicating modest signs of strength in the labor market for the sixth consecutive month. Overall, August beat historical trends, with the decline in shiftwork reaching only a fraction of the 2.4% drop recorded in August 2021. The hand recovery scale UKG labor rose 2.1 percentage points to 97.6% for the month. The services and distribution sector saw the largest decline (-1.6%), while the healthcare sector remained relatively stable (-0.1%) for the first time since March 2022.

UKG will discuss the results at a live market briefing on Tuesday, August 30 at 10 a.m. ET (US and Canada). Register to attend.


Dave Gilbertson, Vice President, UKG

“The soft landing sought for the labor market seems to continue for another month. Despite significant economic headwinds, labor force activity in August showed signs of relative strength, especially when put into the context of the usual August performance. It looks like we’ve largely avoided the end-of-season dip in labor activity that happens this time every year, as more and more people take vacations before the end of the summer, which which can be attributed to both more people being hired and people taking less time off during uncertain times. . We have now seen six straight months of steady, mild month-over-month weakening.

Industry Analysis:

Shift work in the manufacturing sector declined after growth in June and July:

  • Health: -0.1%

  • Retail trade, hotels and restaurants: -0.1%

  • Manufacturing: -1.1%

  • Services and distribution: -1.6%

Overview of the region:

August beat historical trends, despite slight declines in all regions:

  • Northeast2: -0.1%

  • West3: -0.8%

  • Midwest4: -1.8%

  • South East5: -2.0%

Size of the company :

Shift growth increased as more people were hired and fewer took vacations:

  • Less than 100 employees: -1.6%

  • 101-500: -1.1%

  • 501-1000: -0.8%

  • 1,001-2,500: -1.5%

  • 2,501-5,000: 1.4%

  • Over 5,000: -0.2%


The UKG Workforce Activity Report is a high-frequency index analyzing shift work trends for 4 million people across 35,000 US companies to understand job creation and economic dynamics.

About UKG

At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion exceptional workplaces and build lasting partnerships with our clients to show what is possible when companies invest in their people. . Born from a historic merger that created one of the world’s leading cloud HCM companies, our unique Life-work Technology approach to human resources, payroll and workforce management solutions for everyone helps more than 70,000 organizations worldwide in all sectors to anticipate and adapt to the needs of their employees beyond just work. To learn more, visit

Footnote 1: “Shifts worked” is a total derived from aggregated employee time and attendance data and reflects the number of times employees, particularly those who are paid hourly or who have to be physically present at a workplace to perform their work, “point”. and “check out” via clock, mobile app, computer, or other device at the start and end of each shift.

Footnote 2: Northeast is defined as Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia and West Virginia.

Footnote 3: West is defined as Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming.

Footnote 4: The Midwest is defined as Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Texas and Wisconsin.

Footnote 5: Southeast is defined as Alabama, Arkansas, Georgia, Florida, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee.

Copyright 2022 UKG Inc. All rights reserved. For a full list of UKG brands, please visit All other trademarks, if any, are the property of their respective owners. All specifications are subject to change.

Follow UKG on Facebook, instagram, LinkedIn, Twitterand Youtube.

Business briefcases | local |

August 28, 2022

Montana Economy

Comments Off on Business briefcases | local |

Governor says state hits record high for workers

Gov. Greg Gianforte said Montana’s economy continued its strong growth in July, hitting a record high for the number of employed Montanans.

According to data compiled by the U.S. Bureau of Labor Statistics and the Montana Department of Labor and Industry, Montana’s labor force added 1,470 workers in July, while Montana’s total employment increased by 712. workers.

Job creation in Montana increased in July for the 27th consecutive month.

“With our focus on teaching trades and expanding opportunities for well-paying careers, more and more Montanese are returning to work,” Gianforte said in a news release, adding that record job growth alleviates the labor shortage and relieves employers who are hiring.

Private sector payrolls posted a net gain of 500 jobs in July, with health care and social assistance leading with 800 jobs added.

People also read…

Montana’s unemployment rate was 2.7% in July as labor force growth continued to outpace total employment, compared to 3.5% in the United States in July.

Electrify Big Sky event held in September

The inaugural Electrify the Big Sky conference will be held at the University of Montana on September 13 in the University Center Ballroom.

Electrify the Big Sky, which focuses on the opportunities and challenges of beneficial electrification, will take place from 7:30 a.m. to 5 p.m. in Missoula. The cost is $20 for the general public and includes breakfast and lunch. Admission is free for University of Montana students who register using the code provided on the website and present a student ID upon check-in.

Participants can register online at

The Montana Electric Cooperative Association, Montana Department of Environmental Quality, Beneficial Electrification League and the Missoula Electric Cooperative are the organizers of the event.

Conference topics include a panel discussion on electric vehicle adoption in Montana and hands-on sessions on home electrification projects, as well as breakout sessions on utility rate design, adequacy resources and opportunities for beneficial electrification, such as the use of electric water heaters to store energy. Other discussions will focus on beneficial electrification upgrades for new homes; what easy upgrades are available for existing homes, such as programmable thermostats, and an overview of renewable energy sources and home storage options.

There is also an electric vehicle and technology show, where attendees will have the opportunity to get acquainted with electric cars, lawn mowers, a garbage truck and a large tractor for agricultural use.

For more information, contact Ryan Hall at 406-761-8333

Montana joins Lithuania on lasers

The Montana Department of Commerce, in conjunction with the Montana Photonics Industry Alliance and the Lithuanian Laser Association, have partnered to produce virtual seminars to promote education on the laser, photonics, and photonics industries. optics while developing a network of business and academic contacts between Montana and Lithuania. , officials said recently.

“Since its inception, the program’s success has represented more than $4.5 billion in investments in Montana’s economy by adding value to the state’s natural resources, creating well-paying jobs and strengthening our tax base,” Montana Department of Commerce Director Scott Osterman said in an email. .

He said the seminars create a mutually beneficial relationship with Lithuania while promoting bilateral trade and investment in the laser, photonics and optics industries.

The first seminar on light detection and ranging was held in May. This technology uses eye-safe laser beams to create a 3D representation of the environment being studied and is essential for autonomous driving and similar applications.

Last month, the second seminar focused on the topic of quantum telecommunications and materials.

With nearly six times the land area, Montana has a third of the population of Lithuania. In 2020, Montana’s GDP was almost 80% of Lithuania’s; both have similar land use with about two-thirds privately owned.

Montana and Lithuania share a strong laser, photonics and optics industrial cluster that together employs more than 3,000 workers, paying salaries above relative averages, officials said.

Two other seminars are planned. For more information, visit COMMERCE.MT.GOV.

State Ag accepts applications for funding

The Montana Department of Agriculture reminds people that the Grow Through Farming program is accepting applications for this year’s funding round. The application deadline is September 12 at 5 p.m.

MDA staff will host a technical support call for interested parties Monday at noon. Join us by visiting the Department’s website at:

The program was established by the Legislature to strengthen and diversify Montana’s agricultural industry by developing new agricultural products and processes. GTA grants and loans are made by the Agricultural Development Board, a seven-member board appointed by the Governor. GTA funding requires the investment of at least $1 in matching funds for every $1 in grant or loan received.

For more information about the Montana Department of Agriculture, visit

Jacobsen addresses Helena’s Rotary Club

Montana Secretary of State Christi Jacobsen addressed the Rotary Club of Helena Wednesday at the organization’s weekly meeting and provided members with updates from the Secretary of State’s office in which she discussed successes and goals achieved.

Christi Jacobson

Jacobsen touted Montana’s business-friendly climate and low business filing fees, including his recent cut that halved Montana’s business registration fees.

“By cutting red tape, thousands of businesses will benefit from estimated savings of more than $1 million per year. Montana saw record business growth in 2021, and we look forward to seeing this trend continue in the years to come. »

Jacobsen also updated Helena Rotary on the current cycle of midterm elections, including the June primary election reaching record turnout for a midterm primary in Montana.

Club members also received updates from the Montana Land Board, including the August meeting that generated an estimated revenue of more than $100,000 to benefit the Montana Common Schools Trust.

China and the Democratic Republic of the Congo: a gradually deepening bilateral partnership

August 27, 2022

Montana Lending

Comments Off on China and the Democratic Republic of the Congo: a gradually deepening bilateral partnership

Located in sub-Saharan Africa, the Democratic Republic of the Congo is one of the richest countries in natural resources and holds huge untapped deposits of minerals, including cobalt, copper, diamonds and gold, representing approximately $24 trillion. It has vast reserves of tropical forests and has one of the highest hydroelectric capacities in Africa and the world.

Since its independence from Belgian colonial rule in 1960, the DRC has faced complex challenges in state building due to a history of political instability and civil war. Until 1997, it remained under the kleptocratic and dictatorial regime of Mobutu Sese Seko backed by the West amid Cold War bipolarity.

With the advent of the 21st century, moving away from earlier trends of state-centric economic planning and private business ownership and the appropriation of revenues by a corrupt political apparatus, the DRC has turned towards a market-oriented economic system undertaking structural reforms for macroeconomic recovery with the involvement of the Bretton Woods institutions. While economic improvements were observed in 2001-2014, the DRC’s economic situation was sharp deterioration since 2016-2017. Ranked first in the world for poverty and human rights violations, the DRC continues to be one of the least developed countries in the world, as indicated by its position of 175 out of 189 countries in the world. Human Development Index 2020. There is a clear causal relationship between the humanitarian crisis and the current social unrest in the DRC and the exploitation it has suffered during decades of colonial hegemony.

The DRC’s strategic importance to Central Africa and global politics emanates from its potential as an economic powerhouse and its resource wealth amid expansion of global capitalism and demand for resources which has led to growing interest from multinational corporations and neo-imperialist forces such as China. The DRC’s main source of export revenue, its mining sector, has always been controlled by foreign companies. Since 2006, China’s participation in the DRC’s mining industry has been on the rise. The needs of China’s rapidly growing economy have further diverted its attention to the Democratic Republic of Congo, renowned for its prime supply of mineral resources.

Nature and history of China-DRC relations

While Sino-Congolese (DR) associations were established in the 1960s, formal relations have remained intact since 1972. The bilateral relationship exhibits a dualistic nature; on the one hand that of a strategic alliance favoring the objective of China to maintain a considerable presence in Africa and on the other hand, a deepening of the commercial partnership allowing to increase the private investments of China in the DRC. This latter trend can be understood in the context of China’Zou-chuqu (exit) policy; a component of China’s broader economic reform and modernization strategy instituted under Deng Xiaoping aimed at encouraging excess national capital to be invested abroad in order to “deepen access to foreign markets, natural resources and advanced technologies, leading to further growth and stabilization”. China’s strategy vis-à-vis the DRC is shaped by a “resource for infrastructure” approach; where investments in infrastructure projects in resource-rich countries are undertaken in exchange for the exploitation of resources.

China’s investment, aid and development strategy in the DRC has been seen as a profitable opportunity by the Congolese government addressing the urgent need for infrastructure development for socio-economic improvement. Moreover, unlike the approach of Western powers and international financial institutions, China’s development partnership is based on a policy of mutual economic benefits without any interference in countries’ internal affairs or political conditionalities. It does not impose requirements of democracy, adequate human rights conditions, transparent and uncorrupted governance, etc. ; factors that have reached disastrous proportions in the Democratic Republic of Congo. Ipso facto, this acted as a catalyst strengthening Sino-DRC relations.

China-DRC relations are essentially marked by an element of inequality due to China’s status as a globally dominant power juxtaposed with the DRC’s status as a markedly weaker and less developed power. However, strong economic relations are expected to continue due to their mutual interdependence and what China has called win-win arrangement. “For China, the DRC is a secure source of strategic natural resources, a market for its manufactured goods and a space to invest in infrastructure development. For the DRC, China is a source of financing and know-how for its infrastructure, and a source of manufactured products.

An important landmark delimiting economic relations between China and the DRC has been the Sino Congolese Mining (Sicomines pact) in 2008. Through this agreement, the Chinese partners (with a 68% stake) obtained cobalt and copper mining rights in exchange for China’s agreement to carry out infrastructure projects . The “mutually beneficial” deal was envisioned to boost exports, economic growth, incomes and job opportunities in Congo (DR) while building China’s critical mineral resource capacities through mining rights. According to the 2008 OKChina would be the beneficiary of “10 million tonnes (mt) of copper and 600,000 mt of cobalt with an estimated value of US$50 billion over a 25 year period”. It should be noted that the Sicomine agreement paved the way for Chinese investment to enter and capital to flow into the political economy of the DRC. Despite much criticism, over the years cobalt production and the DRC’s macroeconomic performance more broadly have increased, lending weight to the notion of China as a valuable strategic partner for low-income countries. However, the DRC’s increased economic dependence on China carries a plausible threat of an asymmetric relationship serving narrow interests given the high rates of corruption in the DRC. To illustrate further, while the DRC accounted for 70% of the world’s cobalt production capacity as of 2020Chinese investors have taken control of 70% of the DRC’s mining sector through RFI offers (resources for infrastructure) expressive of China’s growing monopoly on the cobalt market.

The DRC and the Belt and Road Initiative

As explained above, the DRC is an integral part of Chinese foreign policy, which is best exemplified by China’s One Belt One Road initiative. It involves a Chinese-led development approach based on investment and infrastructure construction projects from Asia to Europe. Although there have been substantial debates on whether the BRI is merely an economic enterprise or a strategic and coercive tool used by China to expand its political and geo-economic influence, the increase in partnerships with the BRI has accelerated its pace.

In January 2021, Kinshasa served as the venue for inter-state negotiations between the Minister of Foreign Affairs of the PRC and the Minister of State and Foreign Affairs of the DRC which resulted in a Memorandum of Understanding on the BRI. Making the DRC the BRI’s 45th cooperation partner is one of the most recent developments defining Sino-Congolese relations. It also speaks to a steady and deepening bilateral engagement on economic and other fronts between the two countries as we move forward. The DRC’s welcome into the BRI was precipitated by China’s desire to forego DRC’s “interest-free” loans of $28 million in 2020 and China’s decision to pledge US$17 million for development and aid projects. It should also be pointed out that, unlike Africa’s total debt to China of $140 billion, only 5% are interest-free loans. Essentially, by canceling a tiny amount of debt, China seduced the DRC into its BRI by ensuring that Chinese investors in the Congolese (DR) mining industry were incentivized to increase their stakes in the cobalt and copper industry; lucrative raw materials that boost China’s rapidly growing manufacturing and energy capabilities. The latest turn of events secures China’s position as a frontrunner in the immediate future amid the rush for resources and expanding markets.

According to Chinese rhetoric, China is a development and trade partner that contributes to the economic progress of the DRC. However, a critical look at China’s approach in the DRC would highlight its neo-imperialist character. China’s strategy towards nations with relatively weaker negotiating potential has often been associated with the phenomenon of “debt trap diplomacy”; this term is used to describe its predatory lending practices to countries, which makes them vulnerable to Beijing’s demands, which will further China’s long-term geostrategic interests. This has sparked alarming concern in strategic communities in light of the fact that the Democratic Republic of Congo, among other countries in sub-Saharan Africa, accounts for a significant share of China’s lending to the continent according to World Bank International Debt Statistics.

Western concerns are currently centered on Chinese investments in Africa as a possible trigger for another debt crisis in addition to the threat of Beijing’s growing geopolitical influence. Conversely, the ‘debt trap narrative’ positioning China with ‘usurer’ ambitions in Africa has been met with skepticism, as Chinese investment in strategic infrastructure projects is a much-needed option for African countries struggling with booming population growth, slow economic development, lack of job creation and an underdeveloped manufacturing sector. Nevertheless, it must be underline that the the emphasis on Chinese investment in African countries has been marked by a generalization trend perceive the entire continent as a single entity ignoring the diverse socio-economic nature of African countries.

Accordingly, it is critical to conclude on the note that regardless of differing views on China’s engagements with the DRC, the outcomes of Sino-Congolese relations should ultimately be assessed on the basis of holistic socio-economic improvements and improvements stimulated in the Democratic Republic of Congo. In this regard, Chinese development projects in the DRC have not yet come to fruition.

[Image credit: Discott, CC BY-SA 3.0, via Wikimedia Commons]

The views and opinions expressed in this article are those of the author.

Is America on the brink of another housing meltdown? Mountain West and Sun Belt overvalued by 72%

August 27, 2022

Montana Mortgages

Comments Off on Is America on the brink of another housing meltdown? Mountain West and Sun Belt overvalued by 72%

Property prices could fall by up to 20% next year in a recession, experts warn – and property in some parts of the country is overvalued by up to 72%.

Moody’s Analytics chief economist Mark Zandi was pessimistic about the housing market in May, but has now made his forecast even gloomier, Fortune reported Wednesday.

It comes amid ongoing discussions about whether the United States is already in recession, with the country posting two straight quarters of negative growth – the traditional definition of such a slump.

The news is particularly dire for people who have bought homes in what Fortune calls “bubble” markets, with Boise in Idaho, Charlotte in North Carolina and Austin in Texas all named the most overvalued markets.

But a total of 180 other regions across the United States have properties deemed overpriced, many of which are highly desirable.

They include Los Angeles, Orlando, Seattle and Indianapolis, where properties are all estimated to be overvalued by 30%.

Homes in Houston are overvalued by approximately 34.5%, while properties in Montana are overvalued by 25%.

Picturesque Bend in Oregon – regularly voted one of the best places to live in the United States – has homes overpriced by 43.8%, according to Moody’s, with Billings in Montana overpriced by 25%.

REVEALED: America’s overvalued areas

While Boise, Charlotte and Austin are the top three in the United States for overvalued properties, 180 other areas across the country also have property values ​​that Moody’s says are inflated.

They understand:

Los Angeles/Long Beach: 30.3%

Ogden-Clearfield (Utah): 50.6%

Seattle-Tacoma: 29.5%

Orlando: 30.4%

Denver-Fort Collins: 42.7%

Houston: 34.5%

Indianapolis: 29.5%

Burlington, Vermont 27%

Columbus (Ohio) 29.4%

Grand Rapids, Michigan 45.6%

Vegas: 53.3%

Elbow (Oregon) 43.8%

Billing (Montana) 25%

Rapid City (SD): 44.2%

Atlanta: 35.3%

Charleston: 35.6%

It comes weeks after the US central bank raised the benchmark interest rate to 2.5%, with another increase to 3.4% expected by the end of the year as the Fed attempts to controlling inflation.

These interest rate hikes are expected to push the United States into recession and likely drive down the cost of real estate as it becomes too expensive for many to get a mortgage, making drop in demand.

The most overvalued areas are largely in the western mountain and the sunbelt.

Boise, Idaho – which has seen real estate prices soar during the pandemic as masses swap expensive towns in the Bay Area and wider California for bustling Idaho — is the most overvalued area, Zandi said.

Boise, where the current average home is worth $526,050 according to Zillow, is nearly 72% overvalued, though a recession should only wipe out 20% of home prices at most.

Charlotte, North Carolina is the second most overrated, at 66%, with Austin in third place at 61%.

Charlotte, North Carolina is 66% overvalued, with an average home at $406,137 right now — and Austin, Texas, is 61% overvalued, with an average of $661,337.

Flagstaff, Arizona ($668,845), is 61% overvalued, while Nashville, Tennessee ($460,447) is 54% overvalued and Miami ($552,082) is 34%.

It’s unclear why these overvalued areas should see a maximum of 20% of house prices wiped out, rather than the full amount that experts believe are overvalued.

Only a handful of places were considered undervalued – the most undervalued being Decatur, Illinois, where the average home is $92,129, 6% undervalued.

Montgomery, Alabama ($135,742) is undervalued by 2.6% and Grant’s Pass, Oregon ($418,440) is 3.1%.

The housing stock is at its highest level since April 2009, as sellers struggle to get rid of their property because mortgages have become more expensive and other financial pressures – high gas prices, soaring grocery prices – continue to be felt.

Mortgage rates have nearly doubled since January, hitting 5.13% for a 30-year loan last week, according to Freddie Mac.

The Fed’s efforts to reduce inflation by slowing spending caused a marked slowdown in home sales.

Moody’s Analytics assesses quarterly whether local economic fundamentals, including local income levels, can support local housing prices.

Their latest data, shared with Fortune, found that 183 of the country’s 413 largest regional real estate markets are “overvalued” by more than 25%.

And nationally, house prices are also likely to fall, Zandi said.

He predicts that U.S. house prices across the country will fall over the next 12 months between zero and -5%: a more pessimistic forecast than in June, when Moody’s Analytics expected house prices to fall. US real estate remain unchanged.

If the United States enters a recession, it will be worse: real estate prices will fall by 5 to 10%.

In the 183 overvalued areas, homes could fall 15-20% in a recession.

Moody's Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

Moody’s Analytics Chief Economist Mark Zandi updated his forecast for the housing market to be even more pessimistic

The 10 cities that saw the largest share of listing price reductions last month are shown above

The 10 cities that saw the largest share of listing price reductions last month are shown above

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Although real estate transactions have declined, prices remain solidly high, with the July national median sale price of $403,800 representing a 10.8% increase from a year ago.

Moody’s Analytics is not an outlier.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, said on Tuesday the outlook for home sales was even bleaker than the Fed had predicted, and the “worse is yet to come” for house prices.

He tweeted on Tuesday that he had been “bearish as hell on housing for months” – meaning he predicted a major market drop.

A bear market is a market where prices are falling and people are selling.

He attached a graph showing the dramatic downturn and said, “Well, I feel vindicated.”

Sales of new single-family homes hit their lowest level in nearly seven years in July, falling 12.6% to a seasonally adjusted annual rate of 511,000.

Fitch Ratings has said it sees U.S. home prices falling by up to 15%, and Robert Shiller, an economist who correctly predicted the 2008 housing crash, thinks there’s a good chance house prices fall by more than 10%.

A study released Monday by real estate brokerage firm Redfin found that a high share of home sellers lowered their asking price in July, especially in former pandemic boom towns.

Boise saw 70% of registrations reduced in July, compared to just a third a year ago.

In Denver, 58% of real estate listings were reduced last month, while 56% of listings in Salt Lake City were removed from the original asking price.

“Sellers and individual home builders both quickly lowered their prices early in the summer, mostly because they had unrealistic expectations for price and time,” said Boise Redfin agent Shauna Pendleton. .

“They priced too high because their neighbor’s house sold for an exorbitant price a few months ago and expected to receive several offers the first weekend because they had heard stories at this topic,” she added.

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their 'unreasonable expectations'

A housing estate is seen in Boise, where last month 70% of home listings were reduced below their original asking price as sellers faced their ‘unreasonable expectations’

In Denver, 58% of real estate listings were reduced last month

In Denver, 58% of real estate listings were reduced last month

Home prices remain solidly high, with July's national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

Home prices remain solidly high, with July’s national median sale price of $403,800 representing a 10.8% increase from a year ago, and just below the record set in June.

The average rate for a 30-year fixed mortgage was 5.13% this week

The average rate for a 30-year fixed mortgage was 5.13% this week

“My advice to sellers is to price your home correctly from the start, accept that the market has slowed down and understand that the sale can take longer than 30 days. If someone is selling a nice house in a desirable neighborhood, they shouldn’t need to lower their price.

Although industry data shows home prices remain higher than they were a year ago nationally and in nearly every market, listing discounts have increased significantly as that the high expectations of sellers collide with the cold reality.

Redfin said the national share of homes for sale with price cuts hit a record high in July.

None of the 97 cities included in the analysis had less than 15% of real estate listings that were discounted from their original asking price.

More than half of the cities with the largest share of price cuts — Boise, Denver, Tacoma, Sacramento, Phoenix, San Diego and Portland — were among the 20 fastest-cooling housing markets in the first half of 2022.

Redfin notes that these markets had attracted dozens of eager homebuyers during the pandemic, when tech workers and other white-collar workers shunned more expensive markets and drove up home prices in small towns.

Laredo Oil Inc. (LRDC) Advances Drilling as 2023 Oil Demand Expected to Rise

August 26, 2022

Montana Economy

Comments Off on Laredo Oil Inc. (LRDC) Advances Drilling as 2023 Oil Demand Expected to Rise

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here.

  • OPEC releases ‘bullish’ forecast for oil demand to 2023
  • Healthy global economic growth, improving geopolitical developments and the containment of COVID-19 in China contribute to a positive projection
  • LRDC has leased 37,900 acres of minerals in Montana’s Western Williston Basin

Despite a slowing economy and fears of a recession, the oil and gas industry has rebounded strongly throughout 2021, with oil prices hitting their highest level in six years, according to a recent Deloitte report (; OPEC’s recent bullish forecast for 2023 indicates that the upward trend may continue. This is good news for Laredo Oil (OTC: LRDC), an oil exploration and production company that is about to start drilling in Montana.

“OPEC expects global oil demand to rise in 2023, but at a slower pace than in 2022, the producer group said in its first forecast for next year, citing economic growth still robust and progress in containing COVID-19 in China,” Reuters reported ( “In a monthly report released on Tuesday, the…

Learn more>>

NOTICE TO INVESTORS: The latest news and updates regarding LRDC can be found in the company newsroom at

About Green Power Stocks

Green Energy Stocks (GES) is a specialist communications platform focused on companies working to shape the future of the green economy. The Company provides (1) access to a network of wire services through InvestorWire to reach all target markets, industries and demographics in the most efficient manner possible, (2) syndication of articles and editorials to over 5,000 news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via InvestorBrandNetwork (IBN) to millions of social media followers, and (5) a full range of business communication solutions. As a multi-faceted organization with an extensive team of contributing journalists and writers, GES is uniquely positioned to best serve private and public companies seeking to reach a wide audience of investors, consumers, journalists and the general public. By reducing the information overload in today’s market, GES provides its clients with unparalleled visibility, recognition and brand awareness. GES is where news, content and information converge.

To receive SMS alerts from Green Energy Stocks, text “Green” to 844-397-5787 (US cell phones only)

For more information, please visit

Please review the full terms of use and disclaimers on the Green Energy Stocks website applicable to all content provided by GES, wherever posted or republished: https://www.GreenNRGStocks .com/Disclaimer

Green energy stocks
Los Angeles, CA
415.949.5050 Office
[email protected]

Green Energy Stocks is part of the InvestorBrandNetwork.

Multifamily construction surged in the Ninth District during the pandemic

August 26, 2022

Montana Lending

Comments Off on Multifamily construction surged in the Ninth District during the pandemic

If you drive around Sioux Falls, South Dakota, it’s hard to miss the apartment complexes sprouting up all over town.

Butch Warrington, building manager for Sioux Falls, said the city had “an incredible, just incredible number” of multi-family units licensed through July of this year.

Although this year has been exceptional, multi-family construction has been flourishing in the city for several years.

Sioux Falls isn’t the only area experiencing this multi-family bonanza. After nearly a decade of slow growth, most states in the Ninth District have seen residential construction surge, especially during the pandemic.

The total number of licensed housing units in the Ninth District is up 35% from 2019 levels, according to Census Bureau data. Although single-family construction has been healthy, the recent construction surge has been driven primarily by multi-family construction, which is a relatively new trend for the region.

Historically, new single-family homes have significantly exceeded the number of new multi-family units in the Ninth Ward. While there has still been more single-family than multi-family construction during the pandemic, a jump in multi-family growth over the past two years has closed most of that gap in the region.

Multifamily permits now account for almost half of the total housing permits issued in the district (Figure 1). This is the highest share of multi-family permits issued according to data available since 1980.

Loading Table 1…

The multifamily makes significant gains

Following the housing market crash in the mid-2000s, residential construction plummeted in the Ninth Ward and much of the country. In the years that followed, the total number of units permitted grew at a breakneck pace, with modest increases in single-family dwellings while multi-family construction remained largely stagnant.

Minnesota and Wisconsin were the early leaders of the region’s wave of multi-family permits. In Minnesota, the pace of new multifamily construction began to accelerate in 2014, then picked up another speed from 2018 (Figure 2). By 2021, annual multi-family units had grown nearly 2½ times their level of just eight years earlier.

The Twin Cities drove much of the increase, with multi-family permits consistently outpacing single-family permits in the metro area after 2017.

“We have this huge demographic of millennials who are often over-indebted and delaying household formation, [and this is] increasing the demand for rentals,” according to Cecil Smith, president and CEO of the Minnesota Multi Housing Association. “Since Minnesota has a large metropolitan area with good prospects for job growth, the institutional capital [for multifamily construction] started coming here.

Much of the initial activity was in the central cities of Minneapolis and St. Paul – and continues today. Minneapolis has authorized nearly 2,600 units through July, according to Housing First Minnesota.

But there’s also activity happening in the suburbs now, Smith said. “The suburban markets had all of that [multifamily housing] from the 80s and 90s that needed a refresh and new equipment. That’s where the focus is now: a highly appointed luxury product in the suburbs. »

In more rural states like Montana and South Dakota, multifamily growth was supercharged in 2020 after being largely stagnant in the previous decade.

Sioux Falls and Rapid City, South Dakota’s largest cities, have seen multifamily construction records over the past two years. In 2021, Sioux Falls reported a 183% increase in the number of multi-family units over 2019 levels. This trend does not appear to be slowing, as the number of multi-family units permitted through July 2022 has already exceeded the number total units in 2021.

Warrington, the city’s chief building official, hopes the recent surge will increase the city’s low vacancy rate of 3.7%.

“We have issued 2,512 multi-family units this year so far, so I think we would start to get to the point where we will see the vacancy rate go up a bit next year when they become lettable. It will be interesting what we see in a year.

Multifamily construction in Montana has also been strong lately, with new units more than doubling from 2019 to 2021. Single-family construction has been healthy but more stable in recent years. As a result, nearly 56% of all housing units licensed in Montana last year were multifamily, a level not seen since the report began (Figure 3).

Much of this recent growth in Montana and South Dakota has coincided with substantial increases in net migration to the states, where residential construction is surging to meet new demand.

Cheryl Cohen, administrator of the Montana Housing Division at the Montana Department of Commerce, explained how population growth has been a major factor in the recent growth of multifamily construction in the state.

“We had a net migration of just over 22,000 people from April 2020 to July 2021, which is quite significant,” Cohen said. “Builders responded to population growth and associated market demand, and investors saw the potential for good investment returns by looking at the historically high rents here as well as the low interest rates at the time.”

While much of the growth is happening in Montana’s biggest cities, Cohen noted there’s been more interest in building in smaller towns outside of cities.

“We are seeing an increase in construction in many communities like Belgrade, outside of Bozeman, or even in smaller towns like Townsend which are a stone’s throw from Helena,” Cohen added. “Since the immediate downtown area may be more expensive and less affordable, we are seeing this growth happening in adjacent transitional communities.”

Loading Table 3…

Despite the rise, demand still exceeds supply

While the recent surge in residential construction is impressive, it is still not enough to meet the high levels of demand in the area. Many parts of the Ninth District continue to feel the strains of nearly a decade of slowing housing production as home prices and rent levels continue to rise, especially in areas experiencing population growth like western Montana.

Home prices in Montana are currently up 48% from 2019 levels according to the Federal Housing Finance Agency Housing price index, which is the largest increase ever since reports began. Rents are also rising, putting pressure on residents of the state.

“We experienced a 37% rent increase in Lewis and Clark County from the first quarter of 2020 through the second quarter of 2022,” said Cohen of Montana Housing. “There were only four other counties in the entire country with a higher rent increase than that.”

Rent increases exacerbate housing affordability in Montana, according to Cohen, who noted that a quarter of renters in Montana have extremely low incomes.

Minnesota has a similar problem, despite resuming residential construction earlier than other states in the region. According to the Minnesota Housing Finance Agency, the state still lacked about 54,000 homes between late 2018 and early 2020.

“We need to build two to three hundred units at a time, not two or three infill units. It won’t be enough,” said Smith of the Minnesota Multi Housing Association. “We need large-scale housing built here.”

Construction remains solid despite increased challenges

Through June 2022, the total number of units permitted in the district continues to be high, and multi-family units permitted so far exceed single-family permits according to preliminary data from the Census Bureau.

However, ongoing challenges such as labor shortages in the construction industry, supply chain issues that drive up input prices, and recent increases in interest rates could have an impact. chilling effect on residential construction in the ninth arrondissement for the rest of the year.

The Twin Cities are already experiencing a slight slowdown in single-family construction as home prices and mortgage rates rise, dampening demand. However, a July report from Housing First Minnesota shows that multifamily construction is still progressing in the metro, seemingly undeterred yet.

Things aren’t slowing down in Sioux Falls for multifamily construction, either, according to Warrington, who recently met with an architect for a new 150-unit apartment building.

“Things are still pretty busy and active here,” Warrington said. “I thought I might start to see things slow down, especially with rising interest rates, but I haven’t seen it at all yet.”

Abaca and Pacific Valley Bank Partner to Expand Cannabis Banking Options in California

August 25, 2022

Montana Lending

Comments Off on Abaca and Pacific Valley Bank Partner to Expand Cannabis Banking Options in California

Abaca accounts now available for lawyers California cannabis operators

SALINAS, Calif., August 25, 2022 /PRNewswire/ — Abaca, an industry-recognized financial platform for cannabis operators, and Pacific Valley Bank (OTC Pink: PVBK), are partnering to expand access to cannabis banking services in the California market.

For the first time since the state legalized medical marijuana 26 years ago, legal operators in the industry have access to the powerful combination: a bank aligned with the California community and a leading cannabis fintech provider with a nationally compliant financial services track record. The partnership, Abaca x PVB, provides a single point of access for deposit bank accounts, electronic payment services and cash management options for licensed cannabis businesses in California.

“Abaca has been an agile, reliable and innovative industry leader in helping to connect legal cannabis businesses to financial services,” said Anker Fanoe, CEO of Pacific Valley Bank. “Pacific Valley Bank is a community bank that has served the cannabis industry for over two years, with clients from San Diego at Sacramento. Offering accounts with Abaca allows us to offer a streamlined one-stop shop for current and future commercial cannabis customers and amplifies the work we have already done as one of the first FDIC-insured banks in California working with the legal cannabis industry.”

Only a small portion of banks and credit unions across the country are ready to serve the cannabis industry. As a result, the cannabis industry remains significantly underbanked. Many operators find it difficult to access banking services that meet their needs.

As a result, these companies are very cash-intensive, sometimes even putting employees and the public at risk. Abaca x PVB helps this problem in California standardizing access to modern financial services and cash management for the cannabis industry statewide and nationally.

“Many operators across the state have been let down by unsophisticated, unreliable, and unnecessarily cumbersome banking solutions,” said Dan Roda, CEO of Abaca. “Now operators have access to the best of both worlds: the human touch of a California community bank with a deep understanding of unique market needs and the powerful technology of a financial platform that enables traders to seamlessly manage their finances online. Together, Abaca and Pacific Valley Bank are committed to providing the highest quality banking experience to California the cannabis industry.”

Founded in 2017, Abaca works with its FDIC-insured banking partners to enable traditional banking services for operators ranging from single dispensaries to entire MSOs in 13 states – and now California. Additionally, the Company’s online banking platform offers payment and treasury services to cannabis businesses nationwide. Abaca announced in early 2022 that it had compliantly processed over $3 billion in customer transactions.

About abaca

Abaca provides state-legal cannabis businesses with compliant bank accounts, cash management, electronic payments, and other financial services through its compliant, technology-based cannabis banking platform. Abaca and its partner financial institutions are currently accepting traditional bank account applications in Arkansas, California, Colorado, Florida, Illinois, Louisiana, Michigan, Mississippi, Missouri, Montana, North Dakota, Ohio, Oklahoma and South Dakota. The company’s banking platform also offers lending and payment processing services to cannabis businesses nationwide. Learn more about

About Pacific Valley Bank

Pacific Valley Bank (member Federal Deposit Insurance Corporation) is a full-service merchant bank that began operations in September 2004 provide exceptional service to customers in California. The Bank offers a wide range of banking products and services, including credit and deposit services to small and medium-sized enterprises, agriculture-related businesses, non-profit organizations, professional service providers and individuals. . For more information, visit

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. . Accordingly, readers should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions in all areas in which the Bank operates, including the competitive environment to attract loans and deposits; supply and demand for real estate and the periodic deterioration of real estate prices and/or values ​​in California or other states where we lend; changes in the financial performance and/or condition of our borrowers, depositors, key suppliers or counterparties; changes in our levels of delinquent loans, non-performing assets, loan loss provisions and write-offs; the effect of changes in laws and regulations, including accounting practices; changes in estimates of future reserve requirements and minimum capital requirements based on a periodic review thereof in accordance with applicable regulatory and accounting requirements; fluctuations in interest rates and the market environment; cybersecurity threats, including loss of system functionality, theft, loss of customer data or money; technological changes and the increasing use of technology in banking; the costs and effects of legal, compliance and regulatory actions; acts of war or terrorism, or natural disasters; and other factors beyond the control of the Bank. These forward-looking statements, which reflect management’s beliefs, speak as of the date of this release. Pacific Valley Bank has no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.


Barcelona loan French defender Umtiti to Serie A club Lecce | Basketball News

August 25, 2022

Montana Loans

Comments Off on Barcelona loan French defender Umtiti to Serie A club Lecce | Basketball News


BARCELONA, Spain (AP) — World Cup-winning French defender Samuel Umtiti will prepare for this year’s tournament in Italy instead of Barcelona after being loaned to Lecce.

Barcelona said on Thursday that the newly promoted Serie A club had taken Umtiti for a season without a purchase option.

The loan deal is Barcelona’s latest move to try to comply with financial rules during their debt crisis and still be able to register new players.

The Spanish team were unable to sign up French Umtiti teammate Jules Koundé since signing the Sevilla defender last month for a fee of around 50 million euros ($50 million).

Umtiti, 28, joined Barcelona six years ago from Lyon and has a contract until 2026. That deal was completed in January, which including taking a pay cut so Barcelona can register new signing Ferran Torres.

People also read…

Barcelona then thanked Umtiti for ‘his willingness and the affection he showed towards the club’.

He started in central defense at the 2018 World Cup and scored in France’s 1-0 win over Belgium in the semi-finals.

France are part of a group with Australia, Denmark and Tunisia at the World Cup which begins on November 20 in Qatar.

More AP soccer: and

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Tester Gets $15 Million From Bipartisan Infrastructure Act To Bring High-Speed ​​Internet To Rocky Boy

August 24, 2022

Montana Economy

Comments Off on Tester Gets $15 Million From Bipartisan Infrastructure Act To Bring High-Speed ​​Internet To Rocky Boy

Tribal Broadband Connectivity Program to provide broadband infrastructure to 770 homes

As part of its recently signed bipartisan mandate Infrastructure Investment and Employment Act (IIJA) and the Consolidated Appropriation Act of 2021US Senator Jon Tester today got $15,300,356.84 in Tribal Broadband Connectivity Program (TBCP) to the Chippewa Cree Tribe to install broadband infrastructure and bring high-speed Internet to 770 homes on the Rocky Boy Reserve.

Tester was one of four other Democrats and five Republicans to negotiate the bipartisan IIJA, and was the only member of Montana’s congressional delegation to support the legislation.

“High-speed Internet is essential to the success of students, families and small businesses in the 21st century,” says Tester. “For too long, the federal government has ignored the needs of people in Indian Country, which is why I was proud to work with tribal leaders and secure important investments for their communities through my bipartisan infrastructure act. . These resources will allow people to stay connected, continue learning outside of the classroom, and help start and grow small businesses on the Rocky Boy reservation.

TBCP funding will go to the Chippewa Cree Tribe to install fiber and fixed wireless infrastructure to directly connect 770 Native American homes to high-speed fiber-to-the-home internet. The TBCP program was created and funded by the Consolidated Appropriation Act of 2021 and Tester’s IIJA provided an additional $2 billion to the program.

As part of Tester’s bipartisan IIJA, the administration announced its Internet for All initiative, which includes the TBCP, and will build Internet infrastructure, teach digital skills, and provide the technology needed to ensure that everyone in America — including rural communities, communities of color, and older Americans — have the access and skills they need to fully participate in the 21st century economy.

The tester worked across the aisle for months negotiating the Infrastructure Investment and Employment Act with a group of five Republicans, four Democrats and the White House, and he was the only member of the Montana congressional delegation to vote for it. The Tester Act is expected to create more than 800,000 American jobs and reduce costs for businesses by making targeted investments that will strengthen our nation without raising taxes on working families.

A list of the provisions of the legislation can be viewed HERE.

Newark water main broke amid plans to assess risk of water main break

August 24, 2022

Montana Loans

Comments Off on Newark water main broke amid plans to assess risk of water main break

A water main break that cut off or reduced flow to kitchen sinks, bathtubs and toilets in 100,000 Newark households earlier this month came as city officials prepared to assess the likelihood of ruptures along 30 miles of major transmission lines, city officials told NJ Advance Media. .

A request for proposals to conduct the citywide assessment is expected to be issued in September, according to the Newark Department of Water & Sewer Utilities. The assessment aims to identify weak points in the system and categorize them for replacement repairs to anticipate precisely the type of failure that occurred on August 9, said Kareem Adeem, the director of the department.

The timing of the break and the plans for the evaluation are coincidental, Adeem said. But he acknowledged the pause underscores the need to identify and prioritize potential weak spots, and design repairs or replacements as soon as possible to take advantage of federal funding that will be available over the next five years. from the $1.2 trillion Bipartisan. Infrastructure Act approved by Congress and signed by President Joe Biden last year.

“We had this already planned,” Adeem said at the Friday break site in Essex County’s Branch Brook Park, just across the border from Newark in Belleville.

Accompanied by the supervising engineer of the water and sewerage department, Zehra Karim, Adeem stood at the edge of a 14-foot-deep pit, where utility workers who had already removed the length cast iron pipe broken were preparing to install a water main. family spa size shut off valve.

A lone worker from the city contractor, Lodi-based Montana Construction, stood at the bottom of the pit, where a large steel trench kept the surrounding earth from collapsing on top of him and the two open mouths of a 42 inch cast iron. transmission line deep below the surface of Branch Brook Park Drive.

The pipe had ruptured 10 days earlier, spewing 25,000 gallons of clean water per minute and washing away soil under the park road. Tuesday morning’s main break opened a sinkhole that swallowed a Toyota shortly after its driver fled, then shut off or reduced water pressure in much of the state’s largest city and in several surrounding towns for the next day and a half.

The loss of pressure triggered a boil water advisory that remained in effect until the following Saturday, while city workers handed out bottled water in the sweltering heat.

The precise reason for the break is still under investigation, department officials said this week, with a metals lab analyzing the broken section of the main. It is one of three large parallel pipelines through the park, carrying drinking water from the town’s Pequannock Water Treatment Plant approximately 40 miles to West Milford. The plant sits in Newark’s 37,000-acre Pequannock Watershed, a verdant preserve that spans parts of Morris, Passaic and Sussex counties and is home to the city’s five reservoirs.

Adeem decided to take advantage of the excavation needed to repair the breach by installing a shut-off valve at the same time, in the same hole in the ground. If a main rupture occurred downstream of the valve, he said, it would allow officials to stem the flow of water gushing out of the system faster than crews were able to during the break in this month, minimizing pressure loss.

The valve cost $60,000, in addition to $40,000 to repair the rupture, the department said.

“We will take the opportunity for the future, if a break should occur we can do things much faster,” said Adeem, who runs a water and sewer utility with 195 employees and a budget of $125 million. “We want to be resilient. We can close a valve, which would stop bringing water here, and let the system pressure build up.

The same forward-thinking approach to maintaining the city’s water supply prompted Adeem and his boss, Mayor Ras Baraka, to assess Newark’s major transmission lines.

Adeem said the city hopes to use some of the $50 billion in federal funding earmarked for water and sewer projects under the $1.2 trillion bipartisan infrastructure bill passed by Congress and signed by President Biden last year. But how much Newark will be able to rely on the infrastructure law was in doubt Monday, when Garden State officials were bitterly disappointed by an analysis of how much each state would receive from an initial allocation from the law.

Specifically, the Natural Resources Defense Council’s analysis related to $15 billion earmarked in the law specifically to replace lead service lines, which connect single homes and businesses to municipal distribution lines.

With approximately 350,000 lead service lines still posing a health risk in New Jersey, the $48 million expenditure announced for the Garden State came to $138 per line, the second highest funding rate. bottom of all states after Ohio, and a fraction of the thousands. it costs to replace each row. I

It is, at least, a segment of Newark’s water infrastructure that the city no longer has to worry about. Following a crisis of high lead levels in its drinking water dating back to at least 2016, the city has become a national model for its rapid replacement of more than 23,000 lead pipes with safe copper pipes, a job completed this winter in just over three years after initial projections, it would take almost a decade.

The city received praise from environmental groups, local and state county governments, and Vice President Kamala Harris during a visit to the city. Both Baraka and Adeem testified before Congress on how Newark handled the task, which included state-of-the-art replacement techniques, as well as state and local legislation allowing the city to perform the work on private property without the consent of the owners.

While hoping the federal government will help Newark with any water main replacement projects identified by the upcoming assessment, Adeem said the city would do the work on its own or with other funding if needed.

For example, the Newark projects, including the $190 million lead line replacement program and a $23 million upgrade to the Pequannock mill that began in April, were funded by loans from Essex County and the New Jersey Infrastructure Bank.

“Newark is used to making big plans,” he said,

Newark’s service line replacement has made Adeem and Baraka household names in infrastructure circles across the country, including the Denver-based company American Water Works Association.

Kurt Vause, former chairman of the association’s Water Utility Council, credited Newark’s mayor and water manager for leading an extensive primary assessment that may end up revealing the need for major replacement projects. or maintenance.

He said assessments done proactively rather than in response to pauses are becoming common in major cities across the country, which also hope federal infrastructure money will help pay for needed projects that may be identified.

“It’s an emerging best practice, and it’s becoming much more common due to the upcoming infrastructure law,” said Vause, former water manager for the city of Anchorage, Alaska, where freezing temperatures present a particular challenge.

As infrastructure spending has become a more common topic of public discussion and the added prospect of federal largesse makes it more palatable to taxpayers and elected officials, Vause said water and sewer upgrades may still be a tough sell in the face of competing demands for public spending. .

“It’s a balancing act to try to figure out the best way to continue to serve your service area in a safe way to protect public health,” Vause said. “We can all imagine situations where there’s a lot of pressure on policy makers to maintain the spending line while you have these emerging conditions that need attention.”

A sinkhole in Branch Brook Park in Belville caused by a water main break earlier in the week was dug Thursday to repair the broken main and install a shut-off valve. Tuesday’s break cut off or reduced water pressure for 100,000 households in Newark.Steve Strunsky | NJ Advance Media for

No one knows Jersey better than NJcom. Sign up to receive news alerts straight to your inbox.

Steve Strunsky can be reached at [email protected]

Gary N. Geisel, head of M&T Bank Co. (NYSE:MTB), sells 533 shares

August 23, 2022

Montana Lending

Comments Off on Gary N. Geisel, head of M&T Bank Co. (NYSE:MTB), sells 533 shares

M&T Bank Co. (NYSE: MTBGet a rating) Director Gary N. Geisel sold 533 shares of the company in a trade dated Friday, August 19. The shares were sold at an average price of $189.34, for a total value of $100,918.22. Following completion of the transaction, the administrator now directly owns 17,740 shares of the company, valued at $3,358,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website.

Performance of M&T Bank shares

MTB opened at $184.08 on Tuesday. The company’s 50-day moving average is $169.65 and its 200-day moving average is $172.11. The stock has a market capitalization of $33.03 billion, a PE ratio of 17.11, a price-to-growth earnings ratio of 0.84 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt ratio of 0.13. M&T Bank Co. has a 12-month low of $131.42 and a 12-month high of $193.42.

M&T Bank (NYSE: MTBGet a rating) last released its quarterly results on Wednesday, July 20. The financial services provider reported earnings per share of $1.08 for the quarter, missing analyst consensus estimates of $2.75 per ($1.67). M&T Bank posted a net margin of 23.21% and a return on equity of 10.76%. During the same period a year earlier, the company posted EPS of $3.45. On average, analysts predict M&T Bank Co. will post 15.21 earnings per share for the current year.

M&T Bank announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Thursday, September 1 will receive a dividend of $1.20 per share. The ex-date of this dividend is Wednesday, August 31. This represents a dividend of $4.80 on an annualized basis and a dividend yield of 2.61%. M&T Bank’s dividend payout ratio (DPR) is currently 44.61%.

M&T Bank announced that its board had authorized a share buyback plan on Tuesday, July 19 that allows the company to repurchase $3.00 billion of outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 9.7% of its shares through purchases on the open market. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Hedge funds weigh on M&T Bank

Hedge funds have recently changed their stock holdings. AIA Group Ltd increased its position in M&T Bank shares by 118.8% in the 1st quarter. AIA Group Ltd now owns 361 shares of the financial services provider worth $61,000 after buying an additional 196 shares during the period. Mutual of America Capital Management LLC increased its position in M&T Bank shares by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,175 shares of the financial services provider valued at $2,911,000 after purchasing an additional 184 shares during the period. Arizona State Retirement System increased its position in M&T Bank shares by 2.2% in the 1st quarter. Arizona State Retirement System now owns 35,820 shares of the financial services provider valued at $6,071,000 after purchasing an additional 785 shares during the period. Sciencast Management LP acquired a new position in M&T Bank stock in Q1 worth $1,695,000. Finally, Belpointe Asset Management LLC acquired a new position in M&T Bank shares in the 1st quarter with a value of $112,000. 87.61% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Several research companies have commented on the MTB. Wedbush raised its price target on M&T Bank to $188.00 in a Friday, July 22 research report. Wells Fargo & Company lowered its target price on M&T Bank from $195.00 to $175.00 and set an “equal weight” rating for the company in a Friday, July 1 research note. Citigroup raised its target price on M&T Bank to $200.00 in a Friday July 22 research note. Robert W. Baird upgraded M&T Bank from a “neutral” rating to an “outperforming” rating and raised its target price for the company from $175.00 to $200.00 in a Friday, June 17 research note. To finish, downgraded M&T Bank from a “hold” to a “sell” rating in a Friday, August 12 research note. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned the company’s stock a buy rating. According to data from, the company currently has an average rating of “Moderate Buy” and an average target price of $198.71.

About M&T Bank

(Get a rating)

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises.

Featured Articles

Insider buying and selling by quarter for M&T Bank (NYSE:MTB)

Get news and reviews for M&T Bank Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for M&T Bank and related companies with’s free daily email newsletter.

Daily Financial Regulation Update — Saturday, August 20, 2022 | Paul Hastings LLP

August 22, 2022

Montana Economy

Comments Off on Daily Financial Regulation Update — Saturday, August 20, 2022 | Paul Hastings LLP

Major developments

Federal Deposit Insurance Corporation

FDIC sends cease-and-desist letters to five companies for making false or misleading crypto-related claims about deposit insurance

August 19, 2022

The Federal Deposit Insurance Corporation (FDIC) has issued letters asking five companies and their officers, directors and employees to cease and desist from making false and misleading statements about FDIC deposit insurance and to take immediate corrective action to remedy such false or misleading statements pursuant to Section 18(a)(4) of the Federal Deposit Insurance Act and Part 328 of the FDIC Rules.

Federal agencies

US Department of Treasury

Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State’s Small Business Credit Initiative

August 19, 2022

The U.S. Department of the Treasury announced that it had approved plans by the states of Colorado, Oregon, New York and Montana under the state’s Small Business Credit Initiative for funding of up to reach $750 million to expand access to capital for small businesses.

Security and Exchange Commission

Chairman Gensler’s remarks ahead of Reuters Events’ Responsible Business USA 2022

August 19, 2022

Securities and Exchange Commission Chairman Gary Gensler spoke ahead of Reuters’ Responsible Business USA 2022 Event.

Commodity Futures Trading Commission

Opening Remarks by Commissioner Kristin Johnson for the CFTC and OMWI Roundtable on Digital Assets and Financial Inclusion

August 19, 2022

Commodity Futures Trade Commissioner Kristin Johnson spoke about digital asset policy, innovation, legislation and regulation during a roundtable at the CFTC.

Consumer Financial Protection Bureau

Blog: Why we’re modernizing the way we collect credit card data

August 19, 2022

The Consumer Financial Protection Bureau published a blog post titled “Why We’re Modernizing How We Collect Credit Card Data.”


FINRA Board of Governors Elects Eric Noll as Chairman

August 19, 2022

FINRA’s Board of Governors has elected current FINRA Public Governor Eric Noll as its next Chairman.

Banking Policy Institute

Proposed FDIC Deposit Insurance Rating Increase: A Threat to Small Businesses and the Economy, Based on Outdated Data

August 19, 2022

The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Independent Community Bankers of America, National Bankers Association, and Mid-Size Bank Coalition of America sent a comment letter to the Federal Deposit Insurance Commission on its proposed deposit insurance assessment rate increase.


bank of england

Article: The size-centrality relationship in production networks

August 19, 2022

The Bank of England has published a staff working paper titled “The Size-Centrality Relationship in Production Networks”.

Document: Firming price inflation

August 19, 2022

The Bank of England has released a staff working paper entitled “Firming up price inflation”.

UK Financial Conduct Authority

FCA warns Buy Now Pay Later companies against misleading ads

August 19, 2022

The Financial Conduct Authority has sent letters to the CEO to companies that offer Buy Now Pay Later (BNPL) products stating that, while some deals are unregulated, financial promotions of all BNPL products must adhere to financial promotion rules .

Administrative changes

Vacant jobs

Federal Deposit Insurance Corporation

  • President – ​​Vacant (Martin Gruenberg is acting president)
  • Vice President – ​​Vacant

Office of the Comptroller of the Currency

  • Controller – Vacant (Michael Hsu is Acting Controller)

Appointments/Confirmation Hearings

U.S. Treasury Department – Janet Yellen (effective January 26, 2021)

Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)

  • Vice-President Lael Brainard (sworn in May 23, 2022)
  • Vice President for Oversight Michael Barr (sworn in July 19, 2022)
  • Governor Phillip N Jefferson (sworn in May 23, 2022)
  • Governor Lisa D. Cook (sworn in May 23, 2022)
  • Statement by Federal Reserve Board Chairman Jerome H. Powell on his nomination by President Biden (November 22, 2021)
  • Statement by Governor Lael Brainard on her nomination by President Biden (November 22, 2021) (sworn on May 23, 2022)
  • Statement by Treasury Secretary Janet L. Yellen on Federal Reserve Appointments (November 22, 2021)
  • Statement from Secretary Walsh on Federal Reserve Appointments (November 22, 2021)
  • Brown’s Statement on Jerome Powell’s Renomination as Fed Chair (November 22, 2021)
  • Toomey’s Statement on Jerome Powell’s Renomination as Fed Chair (November 22, 2021)
  • Brown applauds Biden’s nomination of Governor Lael Brainard as vice president (November 22, 2021)
  • Brown Applauds Biden Nominees to Fed Board (January 14, 2022)
  • Toomey’s Statement on President Biden’s Fed Nominees (January 14, 2022)
  • Waters applauds appointments of Sarah Bloom Raskin, Lisa Cook and Philip Jefferson to Federal Reserve leadership positions (January 14, 2022)
  • Statement by Treasury Secretary Janet L. Yellen on Federal Reserve Appointments (January 14, 2022)
  • Statement from the Chairman of the Senate Banking Committee Brown regarding the nomination of Dr. Lisa Cook (March 29, 2022)
  • Statement by Ranking Member of the Senate Banking Committee Toomey Regarding the Nomination of Dr. Lisa Cook (March 29, 2022)
  • Statement by Senate Banking Committee Chairman Brown on Nomination of Michael Barr as Federal Reserve Vice Chairman for Oversight (April 15, 2022)
  • Statement by Senate Banking Committee Ranking Member Toomey on Nomination of Michael Barr as Federal Reserve Vice Chairman for Oversight (April 15, 2022)
  • Statement from the Chair of the Senate Banking Committee Regarding the Senate Confirmation of Dr. Lisa Cook (May 10, 2022)
  • Statement by a Ranking Member of the Senate Banking Committee Regarding the Senate Confirmation of Dr. Lisa Cook (May 10, 2022)
  • Jerome H. Powell sworn in for a second term as Chairman of the Board of Governors of the Federal Reserve System (May 23, 2022)
  • Lael Brainard is sworn in as Vice Chair of the Board of Governors of the Federal Reserve System (May 23, 2022)
  • Lisa D. Cook sworn in as a member of the Board of Governors of the Federal Reserve System (May 23, 2022)
  • Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System (May 23, 2022)
  • Statement by the Chairman of the Senate Banking Committee ahead of the confirmation vote for Michael Barr (July 13, 2022)
  • Statement by President Biden on confirming Michael Barr as Fed Vice Chairman (July 13, 2022)
  • Statement from CSBS President and CEO on Confirmation of Michael Barr as Vice President (July 14, 2022)
  • Michael S. Barr sworn in as Vice Chairman for Oversight of the Board of Governors of the Federal Reserve System (July 19, 2022)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Deposit Insurance Corporation – Martin Gruenberg (Acting Chair, appointed February 5, 2022)

Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)

Security and Exchange Commission – Gary Gensler (effective April 17, 2021)

  • LizAnn Eisen joins Corporate Finance Division as Deputy Director of Disclosure Program (January 27, 2022)
  • Lori H. Price named acting director of Office of Credit Ratings; Ahmed Abonamah leaves the SEC (February 1, 2022)
  • Philadelphia Regional Office Director Kelly L. Gibson Leaves SEC; Scott Thompson and Joy Thompson named co-acting office directors (February 11, 2022)
  • Joint Statement by the Chairman and SEC Commissioners on the Senate Confirmation of Jaime Lizárraga and Mark Uyeda (June 17, 2022)
  • CFTC Commissioner’s Statement on the Senate Confirmations of Mark Uyeda and Jaime Lizarraga (June 17, 2022)
  • Jaime Lizárraga sworn in as SEC commissioner (July 18, 2022)
  • Lori H. Price appointed Director of Credit Rating Bureau (August 12, 2022)

Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)

  • Kristin Johnson, Commodity Futures Trading Commission Commissioner Candidate (September 13, 2021)
  • Christy Goldsmith Romero, Commodity Futures Trading Commission Commissioner Candidate (September 13, 2021)
  • US Senate unanimously confirms Behnam as president (December 17, 2021)
  • CFTC Chairman Rostin Behnam announces senior staff appointments (January 20, 2022)
  • CFTC Chairman Rostin Behnam Appoints Initial CFTC Leadership (January 25, 2022)
  • Statement by CFTC Chairman Rostin Behnam on the US Senate Confirmations of Christy Goldsmith Romero, Kristin N. Johnson, Summer Kristine Mersinger, and Caroline D. Pham (March 29, 2022)
  • CFTC Commissioner Pham Announces First Staff Appointments (April 22, 2022)
  • CFTC Commissioner Goldsmith Romero Announces Staff Appointments (April 27, 2022)
  • CFTC Commissioner Pham Announces Additional Appointments (May 13, 2022)
  • CFTC Commissioner Mersinger Announces Staff Appointments (May 16, 2022)

Financial Crimes Network

National Administration of Credit Unions – Todd M. Harper

U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)

US Department of Education – Dr. Miguel Cardona (effective March 2, 2021)

PH Customer Alerts

Click here to learn more about our Coronavirus series.

Legislation/legislative updates

Click here to view the full text of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), Adopted March 27, 2020.

Click here to view the full text of the Expanding Paycheck Protection Program Act of 2020, Adopted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Adopted on June 5, 2020.

Click here to view the full text of the Consolidated Credit Law, 2021, Adopted on December 27, 2020.

Click here to view the full text of the 2021 US bailout plan, Adopted March 11, 2021.

Click here to view the full text of the PPP Extension Act 2021, Adopted March 30, 2021.

Click here to see a current list of bills the Senate Committee on Banking, Housing and Urban Affairs, the Senate Committee on Small Business and Entrepreneurship, the House Committee on Financial Services and the House Committee on Small Business.

Governor Glenn Youngkin announces Virginia’s next energy plan is open to public comment and is now accepting ideas and comments for Virginia’s next energy plan – Royal Examiner

August 21, 2022

Montana Lending

Comments Off on Governor Glenn Youngkin announces Virginia’s next energy plan is open to public comment and is now accepting ideas and comments for Virginia’s next energy plan – Royal Examiner

Attorney General Jason Miyares has reached a tentative agreement with opioid maker Endo International PLC and its lenders that would provide up to $450 million to participating states and local governments, ban promotion of Endo’s opioids, and require Endo to hand over millions of documents related to its role in the opioid crisis for publication in an online public archive. The Commonwealth of Virginia should receive at least $9 million.

Tentative settlement with Endo, which filed for Chapter 11 bankruptcy protection on Tuesday, August 16, 2022, in the Southern District of New York, resolves allegations that Endo boosted opioid sales using deceptive marketing that minimized the risk of addiction and exaggerated the benefits. Endo, an Ireland-based drugmaker with its US headquarters in Malvern, Pennsylvania, makes generic and branded opioids including Percocet and Endocet, and also made Opana ER, which was taken off the market in 2017. States allege that Endo falsely promoted the benefits of Opana ER’s so-called anti-abuse formulation, which did nothing to deter oral abuse and led to deadly outbreaks of hepatitis and HIV due to its widespread abuse by injection.

“Virginia has seen the brutal impact of the opioid epidemic in every corner of the Commonwealth. This national agreement will allow for extensive investment and remediation efforts for devastated communities. Although no prizes can be awarded to the thousands of lives lost, this settlement represents a major step in ensuring victims receive the treatment and care they need,” Attorney General Miyares said.

The resolution, which is dependent on final documentation and bankruptcy court approval, involves the following:

  • Requires payment of $450 million in cash over 10 years to participating states and subdivisions.
  • Demands that Endo turn over its opioid-related documents for publication online in a public records archive and pay $2.75 million for archiving expenses.
  • Forever banned the marketing of Endo’s opioids.

Negotiations are led by Virginia and the following states: Maine, Massachusetts, New Hampshire, Pennsylvania, Tennessee and Vermont. The settlement is also joined by the attorneys general of Arizona, Colorado, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Rhode Island, South Carolina, South Dakota, Utah , Washington, Wisconsin, Wyoming and the US Virgin Islands.

Hannah Montana’s casting director reveals who Miley Cyrus beat out for the role

August 20, 2022

Montana Economy

Comments Off on Hannah Montana’s casting director reveals who Miley Cyrus beat out for the role

The Hannah Montana The series made Miley Cyrus a household name, but the role could have been a turning point for two other actresses.

Rumors have swirled that singer Belinda, known for her performance in Cheetah Girls 2, nearly landed the role of the beloved character. However, the Disney Channel show’s original casting director Lisa London has now put them to rest, revealing who almost helmed the teen hit, which ran from 2006 to 2011.

In a video shared on TikTok, London clarified that the Spanish-Mexican singer was, in fact, not in the running. In place, Gossip Girl star Taylor Momsen and Daniella Monet, who appeared on Nickelodeon Zoe 101 and Victorious, came close to snagging the plum gig.

HANNAH MONTANA, Miley Cyrus, (Season 1), 2006-, © Disney Channel / Courtesy: Everett Collection

Everett-Collection Miley Cyrus as Hannah Montana

“I discovered Miley Cyrus,” London said. “I wanted everyone to know that Belinda, who is adorable by the way, was never in the top 3 for the role of Hannah.”

Pulling a visual aid as evidence, London shared a piece of paper containing a list of the three actresses vying for the role in 2005. The trio made it to the final round of those competing to play the high school student and undercover pop star, beating over a thousand girls who auditioned.


HANNAH MONTANA – ‘You’re So Vain, You Probably Think This Zit Is All About You’ – Hannah Montana will appear in her first major poster campaign, but when Miley takes a look, she discovers that a zit is on her has been added Face. Miley tries to hide her horror because Lilly has been feeling very embarrassed since losing her contacts and being stuck wearing glasses – and vows not to enter any future skateboarding competition. Rico tricks Jackson into serving as a magician’s assistant in order to get a raise, in “Hannah Montana,” which airs FRIDAY, AUGUST 12 (8:00-8:30 p.m. ET) on the Disney Channel. (DISNEY CHANNEL/BYRON COHEN) MILEY CYRUS; UNIVERSAL CITY, CALIFORNIA – JANUARY 15: Actress Daniella Monet visits Hallmark Channel’s ‘Home & Family’ at Universal Studios Hollywood on January 15, 2020 in Universal City, California. (Photo by Paul Archuleta/Getty Images); LOS ANGELES, CALIFORNIA – MARCH 22, 2022 Taylor Momsen poses in the iHeartRadio Music Awards – Press Room at the Shrine Auditorium and Expo Hall on March 22, 2022 in Los Angeles, California. (Photo by Steve Granitz/FilmMagic)

DISNEY CHANNEL/BYRON COHEN; Paul Archuleta/Getty; Steve Granitz/FilmMagic Miley Cyrus; Daniella Monet; Taylor Momsen

London also noted that the character was originally named Chloe rather than Miley Stewart before Cyrus was cast.

The series became a global phenomenon, spawning the 2009 film Hannah Montana: The Movie. In March, Cyrus celebrated the show’s 15th anniversary with a heartfelt letter to fans.

“It’s been a while — 15 years to be exact — since the first time I slicked those blonde bangs down my forehead in the best attempt to conceal my identity,” she wrote. “Then I put on a vomit pink terrycloth bathrobe and bedazzled HM on the [heart].”

Hannah Montana is currently streaming on Disney+.

Register for Weekly entertainmentthe free daily newsletter of to get the latest TV news, exclusive first looks, recaps, reviews, interviews with your favorite stars, and more.

Related content:

Judge permanently blocks Biden’s oil and gas lease break in 13 states

August 20, 2022

Montana Loans

Comments Off on Judge permanently blocks Biden’s oil and gas lease break in 13 states

A federal judge on Thursday issued a permanent injunction against the Biden administration’s suspension of new oil and gas leases on federal lands.

The injunction applies to the 13 states that sued the Biden administration for the moratorium in March 2021, including Alabama, Alaska, Arkansas, Georgia, Louisiana, Mississippi, Missouri, Montana , Nebraska, Oklahoma, Texas, Utah and West Virginia.

Terry Doughty, the U.S. District Judge for the Western District of Louisiana, ruled the White House went too far with the ban.

President Joe Biden signed Executive Order 14008 on January 27, 2021, prohibiting all new oil and natural gas leases on federal lands and offshore waters. The order did not cancel existing leases on federal lands and offshore waters. Leases on private land were also not affected.

Thirteen Louisiana-led states have sued the Biden administration, saying the lease ban violates the Outer Continental Shelf Lands Act (OCSLA), which governs offshore oil and gas leases, and the Mining Leasing Act. (MLA), which governs land leases on land on federal lands.

Doughty issued a temporary injunction in June 2022 in this case. The injunction was overturned Wednesday by the 5th U.S. Circuit Court of Appeals.

Doughty’s permanent injunction came a day after the circuit court’s decision (pdf).

Tugboats tow the Noble Danny Adkins semi-submersible drilling rig through the Port Aransas Channel in the Gulf of Mexico in Port Aransas, Texas on Dec. 12, 2020. (Tom Pennington/Getty Images)

In the permanent injunction, Doughty ruled that the executive branch had no power to change the two laws.

“Both statutes require defendant government agencies to sell oil and gas leases. OCSLA has a five-year plan in place that requires qualifying leases to be sold. Defendants’ government agencies do not have the authority to make significant revisions to the OCSLA’s five-year plan without going through congressional-mandated process. The MLA requires the DOI to conduct lease sales, where eligible land is available at least quarterly,” he wrote in the decision (pdf). “By stopping the process, the agencies are effectively changing two laws of Congress. Neither the OCSLA nor the MLA gives the government defendants’ agencies the authority to implement a halt to lease sales.

The Epoch Times has reached out to the Interior Department and the White House for comment.

Montana Attorney General Austin Knudsen applauded the permanent injunction.

“President Biden’s executive order to stifle energy development not only raised prices and hurt American families, it was downright illegal. This decision is a victory for the rule of law and for workers and rural communities who depend on the energy industry,” he said in a statement. statement.

An ongoing moratorium on leases would have cut employment by 210 jobs, cut personal income by $13 million and cost Montana $4 million in oil and gas taxes in 2021, he said. said citing a December 2020 study conducted by the University of Wyoming.

Biggest offshore oil and gas lease sale revived

Days before the permanent injunction, a lease known as Lease Sale 257, which is also being challenged in the multi-state lawsuit, was revived by Biden through the so-called Tax Reduction Act. inflation.

The Inflation Reduction Act includes provisions that guide spending, tax credits and loans to boost technologies such as solar panels and equipment to reduce pollution at coal and gas-fired power plants .

But the legislation also contains a provision that reinstates the previously halted Lease 257 sale, which was auctioned off for $192 million in March 2019, the largest offshore oil and gas lease in U.S. history, spanning nearly 81 million acres in the Gulf of Mexico.

The Bureau of Ocean Energy Management (BOEM) indicated its intention to cancel the lease sale in February 2021, citing Executive Order 14008. The lease sale was later revived by the government. However, he was later challenged by environmental activist groups and arrested by Judge Rudolph Contreras of the United States District Court for the District of Columbia.

Contreras ruled in January that the decision to proceed with the sale of the lease was “arbitrary and capricious”.

The decision effectively blocked the 257 lease sale because the Biden administration did not appeal.

Tom Ozimek contributed to the report.

Of The old times


August 20, 2022

Montana Mortgages


An earlier meeting of the Livingston County Board of Supervisors. (Photo/Conrad Baker)

1:30 p.m.
Mt. Morris Supervisor David DiSalvo
Minutes of the ordinary meeting of 8/10/22
1. Receipt of Acknowledgment Letter from New York State Department of Tax and Finance
concerning Resolution No. 2022-267.
-Remarks and presentation of the New York State Senate Medal of Freedom to Sean Needham of Dansville
-Remarks/Congratulations to Sean Needham
Ways and Means Committee
. Establish a standard work day
. Schedule a Public Hearing on Local Bill No. 2-2022 Extending the Additional Mortgage
Registration tax in Livingston County
County Administrator/Budget Officer
. 2022 Livingston County Budget Amendment: Department of Health and Highways (2)
. Authorization to transfer funds: Office for the elderly
. Establish a standard work day and retirement statement credit
county attorney
. Authorizing the Chairman of the Livingston County Board of Supervisors to sign a letter of
Commitment to Legal Services–Magavern Magavern Grimm LLP
. Modification of part of resolution no. 2022-36: Payment of the reduction in health insurance
. Modification of part of resolution no. 2022-36: Summer employment program for young people
. Modification of part of resolution no. 2022-36: accumulation of vacation
GLOW Workforce Development Council
Name Address Title/Represent Term
Mary Grace (Holli) Nenni 14016 Route 31 West, Albion, NY 14411 Youth At Pleasure

Blackbraid takes Black Metal out of Norway and gives it a Native American twist and more Latest News Here

August 19, 2022

Montana Loans

Comments Off on Blackbraid takes Black Metal out of Norway and gives it a Native American twist and more Latest News Here

When most people think of black metal, they think of pasty white
Scandinavians screaming about things like pagan rites, death,
renaissance, and nature in the middle of the woods. It’s about fighting cultural oppression (when it’s not rooted in outright bigotry).

You know who else was oppressed and forced to forget their origins
while their ancestral lands were taken over by intruders on the
duration of several hundred years? Native Americans. That’s why the black solo
the metal band Blackbraid and their particular brand of black metal stand out.
Everything is so real.

Hailing from the ‘Wilderness of the Adirondacks’, Blackbraid is an independent artist who is set to release his debut album, Blackbraid I. Today he released his third single ‘Sacandaga’ and accompanying music video .

Honestly, it hits all the marks of your mainstream black metal single and video. Here is the list :

  • Standing/singing in the woods, you look menacing? Check.
  • White wolf running through the snowy forest? Check.
  • Stunning images of the natural beauty of his homeland? Check.

Outside of the American Northeast, this single and video could easily fit near the freezing fjords of Norway and are just as majestic.

Definitely worth checking out. It’s incredibly interesting to see such important genres of metal finding new life in different cultures and populations. Remember, children. Metal is for everyone. Not just pasty white dudes.

You can see the music video for “Sacandaga,” along with the other two singles “The River of Time Flows Through Me” and “Barefoot Ghost Dance on Blood Soaked Soil” below.

black braid, Black Braid I:

  1. The river of time flows through me
  2. As the creek gently flows
  3. Sacandaga
  4. Barefoot ghost dance on blood soaked ground
  5. Warm wind whispering softly through the hemlock at dusk
  6. Open the jaws of eternity

Blackbraid takes Black Metal out of Norway and gives it a Native American twist and the latest news

I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give in this news is always there. It’s on a trending topic and regardless of the latest news

it was always our effort to reach you that you continue to get the Electricity News, Degree News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health New, Cryptocurrency News, Claims News the latest news and you always keep getting the news information for free through us and also tell people. Give that any information related to other types of news will be

Blackbraid Takes Black Metal Out Of Norway And Gives It A Native American Flair And More

All this news I made and shared for you, you will like it very much and we keep bringing you topics like every time so you keep getting hot news like trending topics and you It’s our goal to be able to have

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can go further by getting the information of this news with you. Later we will continue

to provide information on more world news update today types of latest news through posts on our website so that you always keep moving forward in this news and whatever type of information will be there, it will definitely be passed on to you.

Blackbraid Takes Black Metal Out Of Norway And Gives It A Native American Flair And More News Today

All this news that I have brought you or will be the most different and best news that you will not get anywhere, as well as the information Trending News, Latest News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to you all so that you are always connected with the news, stay ahead of the game and continue to today’s news all types of news for free till today so you can get the news by getting it. Always take two steps forward

Credit goes to news website – This news website from the original content owner. This is not my content so if you want to read the original content you can follow the links below

Get original links here🡽

US Treasury offers another $10 billion in pandemic relief to small businesses in 4 states

August 19, 2022

Montana Lending

Comments Off on US Treasury offers another $10 billion in pandemic relief to small businesses in 4 states

The latest round of US Treasury relief is on its way to small businesses as recession worries continue to mount across the country.

The U.S. Treasury on Friday announced plans to roll out its third round of reauthorized State Small Business Credit Initiative (SSBCI) funds to Colorado, Montana, New York and Oregon. In total, the four additional states have been approved to receive up to $751 million in aid.

The SSBCI is a small business relief program that has been around since 2010, but was revived in March 2021 thanks to the $1.9 trillion U.S. Bailout Act that President Joe Biden signed into law.

The $10 billion financing program aims to expand access to capital for underserved communities. SSBCI funds are not distributed directly to companies, but rather to lenders. Qualifying small businesses and startups – generally defined as businesses with 500 or fewer employees – can seek loans or investments as they normally would through their bank, community lender or equity investor. shares.

The news follows an earlier release of funds in May in five states: Hawaii, Kansas, Maryland, Michigan and West Virginia. The five states have been approved for relief of up to approximately $639 million.

In July, the Treasury approved $1.5 billion in additional funding after greenlighting nine state plans from Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota and Vermont. The agency has announced more than $2.25 billion in funding approvals so far, nearly a quarter of the $10 billion program.

The Treasury estimates the program could generate $10 in private investment for every $1 in federal funding, bringing the state total to $100 billion in total lending authority.

There is a menu of resources available to businesses through the SSBCI, which include venture capital, access to capital, collateral support, loan participation, and loan guarantee programs. State governments previously submitted their individual plans to the Treasury outlining how they would allocate funds to small businesses.

Montana, for its part, says it will operate a loan participation program with its funding and plans to expand opportunities for rural and Native American entrepreneurs in the state. Colorado plans to oversee three different programs focused on small businesses and specifically set aside $10 million of its SSBCI allocation to help businesses recover from the pandemic. Colorado Governor Jared Polis welcomed the announcement in a Friday press release, saying the funding will help support more than 11,000 jobs in the Centennial State.

US Treasury Secretary Janet Yellen echoed the praise: “This is a historic investment in entrepreneurship, small business growth and innovation through the US bailout that will help reduce barriers to access to capital for traditionally underserved communities, including those in rural areas,” Yellen said in a statement Friday.

The roadmap for future releases and the amount of relief is unclear. Details are expected to be released as funding is approved.

Overview of the law: the delusions of a roommate are worrying

August 19, 2022

Montana Economy

Comments Off on Overview of the law: the delusions of a roommate are worrying

A resident concerned about her roommate’s behavior contacted the Columbia Falls Police Department after she began hallucinating.

The woman told officers the man had a history of substance abuse and had undergone treatment for alcohol and dust cleaner use. He was in the garage now, because he thought people were watching him. Earlier he was talking about the fact that there were people trying to set up an economy in their backyard. She thought he might use inhalants again. She told officers she had since left the house.

Someone knocked over several fences on Scenic Drive. The resident who reported it said it happened overnight. From their vantage point, they could see that the vandals also hit the neighbor’s fence.

Officers were made aware of possible abuse in or around Columbia Falls, but the caller provided only vague information.

Someone contacted the police after a man got into a fight with their daughter, even though she apparently punched him and left him with a bloody face.

A resident asked officers to come outside to look at his fence after seeing an unusual scene unfold right before his eyes. The man said a vehicle stopped on his property and a child jumped out and ran through it. Despite the incursion, the man said the fence appeared to be intact. He attributed it to TikTok’s Kool-Aid Man challenge.

Officers responded to a report of a group of children hanging out in a parking lot around 11 p.m. The miners were quickly sent home.

Police cornered a pair of campers on Rapids Avenue.

Officers running an additional patrol near the high school discovered an open door in the building. The door was secure and everything seemed OK.

A swerving Buick sedan prompted another motorist to contact authorities. They said the four-door nearly hit their vehicle head-on, then nearly hit a curb.

Dispatchers said they received a phone call from the payphone located in the police department lobby. They disconnected the call after it became clear the caller did not require first responder assistance.

A man allegedly jumped in front of vehicles.

Officers headed to a local watering hole for a report of a woman harassing a man at the bar. According to the caller, she slandered him and was generally disruptive. She left before the officers arrived.

Someone ran into a homeowner’s fence on Riparian Drive the night before around midnight.

‘He should have retired about five years ago’: Paige Spiranac makes bold comments on legendary golf broadcaster’s retirement

August 18, 2022

Montana Mortgages

Comments Off on ‘He should have retired about five years ago’: Paige Spiranac makes bold comments on legendary golf broadcaster’s retirement

Sir Nick Faldo recently retired from golf analyst. Since he was CBS’ senior golf analyst for PGA Tour coverage for the past 16 years, many golf fans were disappointed when he retired. However, that was not the case for former professional golfer Paige Spiranac.

“I was a big fan of Faldo, but I feel like he should have retired about five years ago.” said the 29-year-old. “Because he just…I don’t know if he just lost interest in it,” she explained again. “Maybe just getting a little senile.” Spiranac expressed his thoughts on Sir Faldo’s retirement through the latest episode of his podcast, “Playing a Round with Paige Renee”.


The article continues below this ad

The professional golfer turned golf analyst had chosen the 2022 Rocket Mortgage Classic as his retirement location. He then received a moving farewell from his colleagues and members of the CBS crew. Notably, most golf fans have had tears in their eyes watching their favorite golf analyst cry on TV.

However, Spiranac did not have the same emotions as the others. In a Twitter video she then posted, she expressed how she didn’t think Sir Faldo had been at his best over the past two years.

Paige Spiranac explained her reason for not being sad about Sir Faldo’s retirement

“He just started making these really weird comments,” Spiranac said in his podcast. “I don’t know what he was trying to do” she added. “It was trying to appeal to millennials or Gen Z, but it felt like it just didn’t hit well.”

The 1-time Catus Tour champion also added that she loves the former NBC golf analyst. Feherty is notably one of the few golf analysts to join the new LIV Golf Invitational series. He began commentating on Series LIV since his event, which was held at Trump National Golf Club in Bedminster.

Is Sir Nick Faldo joining the LIV Golf Invitational Series?

Since many players in the golfing world began leaving their old roles to join the show, many fans thought Sir Nick Faldo was stepping down from CBS to do the same. However, the English professional golfer had other ideas.


The article continues below this ad

According to Sir Nick Faldo, he and his wife, Lindsay De Marco, bought a ranch in Montana. And they decided to settle there to renovate it, which they named “Faldo Farm”.


The article continues below this announcement

What was your reaction when Sir Nick Faldo retired after 16 years? Did you also think he should have retired years ago like Paige Spiranac?

Watch this story: Rigorous public scrutiny once made Paige Spiranac succumb to the pressure and nearly give up her career

‘Horse Whisperer’ author Nicholas Evans dies at 72

August 16, 2022

Montana Mortgages

Comments Off on ‘Horse Whisperer’ author Nicholas Evans dies at 72

Placeholder while loading article actions

Nicholas Evans, a British novelist whose debut album, ‘The Horse Whisperer’, became a publishing phenomenon, selling more than 15 million copies and leading to a hit film adaptation by Robert Redford, died on August 9 at his home in Totnes, in the English county of Devon. He was 72 years old.

His death, following a heart attack, was announced in a press release by his friend and literary agent, Caradoc King.

A mild-mannered former journalist and TV producer, Mr Evans was working as a screenwriter and trying to break into film when he heard a story that “shivered me”, as he later said. Visiting a friend in the South West of England in 1993, he met a blacksmith who told him about a “horse whisperer”, an almost mystical figure who could heal a traumatized pony with a few sweet words .

The story captivated Mr Evans, who had grown up playing cowboys and Indians in the English countryside and reading novels by Jack London. Now he was £60,000 in debt, looking for new direction – and possibly a second mortgage – after unsuccessfully trying to direct his own film. Here, he decided, lay the seeds of a story he could tell in his own voice.

“If my film career had been more successful, I might have tried writing the story in screenplay form,” he recalled in a Q&A on his website. “Fortunately, I was on my feet, deeply disillusioned with the cinema, and saw no point in writing another screenplay to gather dust on my desk.”

So Mr. Evans began writing a novel, traveling to Montana, New Mexico and California to interview expert riders and research the American West. He returned home with the outline of a story about a young girl, Grace Maclean, and her spirited horse, Pearl, who are hit by a truck and recover with the help of a Montana rancher who falls in love. of Grace’s mother. Mr Evans wrote half the book, around 200 pages, and shared the manuscript with his friend King, deciding that if the agent didn’t like it, “I was just going to throw it away”.

The manuscript remained. Marketed as a cross between Cormac McCarthy’s Western novel “All the Pretty Horses” and Robert James Waller’s bestselling romance “The Bridges of Madison County”, it generated a bidding war after King sent it to the publishers just before the Frankfurt Book Fair in 1994. The North American publishing rights were auctioned off for over $3 million, and Mr. Evans won another $3 million for the film rights, after what he described as a surreal evening during which he was tasked with sizing up Hollywood producers, including Redford and Scott. Roudin.

“My kids and my wife were downstairs,” Mr. Evans later told Variety, “and upstairs some of the biggest names in the business asked my permission to take $3 million from them. was just absurd.”

By the time “The Horse Whisperer” was published in 1995, critics seemed eager to cut Mr. Evans’ multimillion-dollar novel down to size. A New York Times reviewer, Randall Short, described it as “sentimentally bloated and utterly devoid of genuine feeling”; another, book reviewer Michiko Kakutani, called it “a sappy romance novel, stuffed with sentimental patter about the emotional lives of animals and lots of Walleresque hooey about men and women”.

Readers felt differently. The novel topped the Times bestseller list and Mr. Evans’ US publisher, Delacorte, claimed it was the best-selling debut novel in history, with more than 1, 5 million copies sold in its first year alone. The book has been translated into 40 languages ​​and adapted into a 1998 film starring Redford, who produced and directed. The film also starred Kristin Scott Thomas and Scarlett Johansson, in one of her first major film roles, and grossed over $186 million worldwide.

Mr Evans, who said he turned down an offer to write the screenplay, admired the acting but felt the film had ‘completely missed the point of the book’, hitting what he saw as a note of hope at the end, even though the penultimate scene featured a deadly stampede of wild horses.

“I think there seems to be a kind of quest going on right now, with people wanting to know if there’s more to life than material things,” he told The Times on the release. of the novel. “This book is about hope, healing and the redemptive power of love, and how humans have an extraordinary ability to go through the worst kinds of pain and survive. It is an affirming message from life at a time when there is a lot of darkness around.

Mr. Evans had direct experience of this darkness. As his novel was sold at auction, he was unsure of ever finishing it, having recently been diagnosed with skin cancer. He kept his illness a secret even as reporters hailed him as “Britain’s luckiest man”.

“The day after the operation, I was going around publishing houses trying to look suave and normal, and I was in cold sweats,” he revealed in a 2011 interview with the Guardian. “I was just dying, I was in so much pain.”

Then came the day of publication and the rapid rise of his book on the bestseller lists. There were more hardships ahead – a fractured marriage, near-fatal mushroom poisoning – but “for three or four years,” he said, “my feet didn’t touch the ground.”

Nicholas Benbow Evans was born in Bromsgrove, Worcestershire on July 26, 1950. His father was a sales manager for an engineering company and his mother was a housewife. At age 8, he was sent to boarding school and the nearby Bromsgrove Day School. He then studied law at St Edmund Hall, part of Oxford University.

After graduating in 1969 with first class honours, he was a reporter for the Evening Chronicle in Newcastle upon Tyne and later was a journalist and television producer, doing segments on American politics and the Lebanese Civil War for a weekly news program.

By 1982 he had begun making television documentaries about cultural figures, including actor Laurence Olivier and painters Francis Bacon and David Hockney. He was producing a special about filmmaker David Lean, the director of “Lawrence of Arabia,” when Lean encouraged him to strike out on his own.

“He kept saying to me, ‘Why are you making a movie about me? You should make a movie about yourself, not about someone else who makes movies,'” Mr Evans recalled in an interview with the Chicago Tribune.

He later wrote and produced the 1992 comedy “Just Like a Woman” – about a transvestite financial executive (played by Adrian Pasdar) who strikes up an affair with his landlord (Julie Walters) – before writing novels. His second book, “The Loop” (1998), involved a pack of wolves tormenting cattle ranchers and sold 5 million copies. Her later novels include ‘The Smoke Jumper’ (2001), about a love triangle involving two friends who fight wildfires, and ‘The Divide’ (2005), centered on a wealthy young woman who becomes an eco-terrorist.

Mr Evans’ first marriage, to Oxford schoolmate Jenny Lyon in 1973, ended in divorce shortly after his first novel shot him to stardom. He then married Charlotte Gordon Cumming, a Scottish singer-songwriter. In addition to his wife, survivors include two children from his first marriage, Max and Lauren; a son, Harry, from a relationship with television producer Jane Hewland; and another son, Finlay, from his second marriage.

On a trip to his brother-in-law’s Scottish Highland estate in 2008, Mr Evans and his wife accidentally ate poisonous mushrooms and were rushed to hospital convulsing. They suffered from kidney failure and needed transplants, which Mr Evans received three years later after his daughter persuaded him to take one of her own.

Mr Evans had almost finished his novel ‘The Brave’ (2009) when the poisoning happened, and said the novel’s themes of family secrets and guilt particularly resonated with his own foraging experience in the woods. He and another family member had picked the mushrooms “assuming the other knew what they were doing”, he told the Guardian.

“Guilt is my subject,” Mr. Evans liked to say. But this time, he joked, “I took the research to a rather extreme degree.”

New West: We, and much of the West, are locked in a mega-drought

August 15, 2022

Montana Economy

Comments Off on New West: We, and much of the West, are locked in a mega-drought

By Todd Wilkinson EBS Columnist

We live in a time where some people would rather ignore the dots than start connecting them, or ponder the meaning of cause and effect, or believe that denying science is a less anxiety-inducing undertaking than seriously considering what which is before us.

Sometimes it’s hard to gauge what’s going on when you’re in the middle. Consider the indicators:

Regular and increasing summer tawny owl fishing and floating restrictions on our rivers; algae bloom on the lakes and even in the Gallatin. Although our immediate area has so far avoided large fires this summer thanks to a cool and wet late spring, we are by no means out of the woods.

Two years ago, a Labor Day weekend wildfire near the M Trail in Bozeman overtook the Bridgers and destroyed 68 structures, 30 of which were homes in Bridger Canyon. And this November, the Porcupine Fire burned down nearly 700 acres near Big Sky. Last summer the Shedhorn Fire up Taylor Fork south of Big Sky burned 75 acres and firefighters contained a burned tree on the South Fork loop. Currently, a dozen wildfires are burning in Montana.

Whitebark pines, whose cone seeds are an important source of nutrition for grizzly bears, continue to die off and are now being considered for listing under the Endangered Species Act. The melting of the mountain snowpack usually occurs earlier. Wetlands dry up and disappear. Average temperatures are rising.

Last summer, a peer-reviewed analysis published in the journal “Science” suggests that much of the West, including southwestern Montana and much of Wyoming, is not suffering the consequences of a drought, but mega-drought. The study is titled “Great Contribution of Anthropogenic Warming to an Emerging Megadrought in North America.”

While the impact is most pronounced in the desert and far western states, the tentacles reach right into our backyards in the Greater Yellowstone ecosystem.

“Severe and persistent 21stThe drought of the last century in southwestern North America motivates comparisons with medieval mega-droughts and questions about the role of anthropogenic factors. [human-caused] climate change,” write the nine authors. “We are using hydrological modeling and new reconstructions of 1,200-year-old tree rings, thus summer soil moisture, to demonstrate that the 2000-2018 drought was the second driest 19-year period since 800, surpassed only by a mega-drought of the late 1500s.”

Based on 31 different climate models, researchers believe that humans releasing more carbon dioxide into the atmosphere are changing weather patterns and ocean water temperatures, resulting in less humidity, lower humidity and warmer temperatures.

According to them, human-caused climate change has helped turn what would normally be a drought event into a prolonged mega-drought.

One of the tools used to compare hot, dry periods of the past with the present are tree rings that allow scientists to go back in time. Outside of deserts, and particularly in forested areas, the researchers note that drought conditions are aggravated by drying of soils in summer, driven by human-induced warming via increased water evaporation and early loss of snow cover.

One way to think about it is this: a ski area can have a lot of powder in February, but if warmer temperatures cause it to melt earlier and the summer humidity doesn’t materialize or the rains are offset by scorching temperatures, the soils are drying out.

When soils dry up, grasses and forests dry up and become very vulnerable to fire, whether caused by lightning or man-made. No forest thinning will stop the drying out of the soil; in fact, logging, other studies note, can make matters worse.

In Greater Yellowstone, including the foothills of the mountains around Bozeman, Big Sky, Paradise Valley, and in the Tetons, thousands of homes have been built on the edge or inside the forests. Policy experts say they are the equivalent of people building homes in the floodplains of rivers or along ocean coasts where hurricanes roar ashore.

In many areas, insurance companies are either requiring homeowners to pay extremely high premiums or have announced that they will no longer pay damage claims to homeowners who choose to build in at-risk areas.

On top of that, firefighting costs are often borne by all US taxpayers. In recent years, these costs have consumed half of the US Forest Service’s budget, with a huge percentage related to defending structures on private land.

At the same time, the agency has faced unprecedented reductions in staff responsible for scientific research and wildlife stewardship, backcountry management, trail maintenance, law enforcement, monitoring livestock grazing allocations and restoration work.

While climate change means huge challenges related to fires and loss of property (including health issues from smoke), water availability, rangeland for wildlife and livestock , to agricultural production and the economy of outdoor recreation, in the desert southwest, it can be even more serious.

Tens of millions of Americans depend on melting snow and precipitation that comes from the Rocky Mountains and then, via river systems like Colorado, is tapped into states like Utah, Arizona, New Mexico, Nevada and California downstream.

Lake Powell, a federal water supply project in southern Utah that was touted as an insurance policy against droughts and a source of economic prosperity through land development, crop irrigation and recreation, suffers from a “20-year drought” – the last 10 whose years have been described as extreme. This summer, water levels could reach 3,540 feet above sea level at Lake Powell, the lowest since 1968.

Experts say that today water has been over-allocated, meaning more has been allocated to different user groups than is generated in the system, especially during droughts. Although the transfer of agricultural water rights has bought the states of the Upper and Lower Colorado River Pacts time, many believe it is borrowed time.

Last summer, Montana State University’s Dr. Cathy Whitlock, Scott Bischke and others released the first-ever assessment that examines the ecological impacts of climate change on Greater Yellowstone. Look up. Analysis is another opportunity to connect the dots of scientific reality.

Todd Wilkinson is the founder of the Bozeman-based Mountain Journal ( and a correspondent for National Geographic and The Guardian. He is the author of numerous books, including his latest, “Ripple Effects: How to Save Yellowstone and America’s Most Iconic Wildlife Ecosystem”, available at

This column has been updated from the original version published in EBS in April 2021.

M&T Bank Corp sells 3,707 shares of Annaly Capital Management, Inc. (NYSE: NLY)

August 15, 2022

Montana Lending

Comments Off on M&T Bank Corp sells 3,707 shares of Annaly Capital Management, Inc. (NYSE: NLY)

M&T Bank Corp reduced its position in shares of Annaly Capital Management, Inc. (NYSE: NLYGet a rating) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 65,541 shares of the real estate investment trust after selling 3,707 shares during the quarter. M&T Bank Corp’s holdings in Annaly Capital Management were worth $461,000 at the end of the most recent period.

Several other institutional investors and hedge funds have also recently changed their positions in NLY. Riverview Trust Co acquired a new position in Annaly Capital Management in the first quarter worth approximately $25,000. Hardy Reed LLC purchased a new stock position from Annaly Capital Management during Q1 worth approximately $27,000. Byrne Asset Management LLC acquired a new position in shares of Annaly Capital Management in Q4 worth approximately $31,000. CWM LLC acquired a new stake in Annaly Capital Management during the 4th quarter for a value of approximately $31,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Annaly Capital Management during Q1 worth approximately $30,000. Institutional investors and hedge funds hold 41.79% of the company’s shares.

Annaly Capital Management Stock performance

NLY opened at $6.82 on Monday. The company’s 50-day simple moving average is $6.31 and its 200-day simple moving average is $6.71. Annaly Capital Management, Inc. has a 52-week low of $5.45 and a 52-week high of $8.94. The company has a market capitalization of $11.08 billion, a PE ratio of 2.71, a PEG ratio of 1.25 and a beta of 1.16.

Annaly Capital Management (NYSE: NLYGet a rating) last reported quarterly earnings data on Wednesday, July 27. The REIT reported earnings per share (EPS) of $0.30 for the quarter, beating analyst consensus estimates of $0.25 by $0.05. The company posted revenue of $475.14 million for the quarter, versus $399.39 million expected by analysts. Annaly Capital Management achieved a return on equity of 16.72% and a net margin of 178.91%. The company’s revenues were down 18.2% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.30. On average, research analysts expect Annaly Capital Management, Inc. to post 1.08 earnings per share for the current year.

Annaly Capital Management announces a dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Thursday, June 30 received a dividend of $0.22. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 12.90%. The payout ratio of Annaly Capital Management is 34.92%.

Insider activity at Annaly Capital Management

In other news from Annaly Capital Management, CEO David L. Finkelstein bought 200,000 shares in a trade on Friday, June 17. The shares were purchased at an average price of $5.56 per share, with a total value of $1,112,000.00. Following completion of the transaction, the CEO now directly owns 1,669,013 shares of the company, valued at $9,279,712.28. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. 0.31% of the shares are currently held by insiders of the company.

Analyst upgrades and downgrades

NLY has been the subject of several research analyst reports. Piper Sandler cut her price target on Annaly Capital Management shares from $6.50 to $6.00 and set a “neutral” rating for the company in a Tuesday, June 28 report. Credit Suisse Group lowered its price target on Annaly Capital Management to $6.50 in a Friday, July 22 report. JPMorgan Chase & Co. cut its price target on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating on the stock in a Monday, April 25 report. Barclays lowered its target price on Annaly Capital Management from $8.00 to $7.00 in a Wednesday April 27 research report. Finally, Keefe, Bruyette & Woods upgraded Annaly Capital Management from a “market performer” rating to an “outperformer” rating and raised their price target for the stock from $6.25 to $6.75. in a Wednesday, June 8 research report. Five research analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.67.

Annaly Capital Management Company Profile

(Get a rating)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage financing and middle market business lending. The Company invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgages, transfer securities credit risk, corporate debt and other commercial real estate investments.

Recommended Stories

Want to see what other hedge funds hold NLY? Visit to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE: NLYGet a rating).

Institutional ownership by quarter for Annaly Capital Management (NYSE:NLY)

Get news and reviews for Annaly Capital Management Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Annaly Capital Management and related companies with’s free daily email newsletter.

Here’s One Reason America’s Racial Wealth Gap Persists Across Generations

August 13, 2022

Montana Loans

Comments Off on Here’s One Reason America’s Racial Wealth Gap Persists Across Generations

Angela Chevaux and her husband make a good living in York, Pennsylvania. She’s an insurance claims supervisor and he’s in construction. Yet a recent inheritance from her stepfather changed her life. He left them a retirement account, a life insurance policy, an annuity – and her husband and brother inherited an old farmhouse in a secluded spot with a pond.

“We were able to buy the property – the other half – from his brother for a decent price,” says Chevaux.

She thinks they paid about half of what the appraised value would have been.

/ Via Angèle Horses


Via Angele Horses

A recent inheritance enabled the Chevaux family of York, Pennsylvania to pay off a mortgage and a student loan. This type of generational wealth transfer is much more common for white families than for others.

They renovate the farm to live in and sell their own house, saying goodbye to 11 years of extra payments.

“We will no longer have a mortgage [ages] 50 and 59!” she laughs.

His stepfather also left Chevaux’s 24-year-old son a money market account.

“He had given our son college money before he passed,” she says. “So that allowed him to pay off the rest of his college debt.”

Her son is a financial adviser and has invested the rest of his inheritance, intending to use it to buy a house.

The family’s financial fortunes show one way America racial wealth gap has persisted – and even expanded – over the generations. White adults are more than twice as likely as Black and Latino households to get significant financial support from parents or other elders. That’s according to a new poll by NPR, the Robert Wood Johnson Foundation and the Harvard TH Chan School of Public Health.


Dorothy Brown, Professor of Tax Law at Georgetown University, wants more white families to talk about these intergenerational benefits.

“Because you have black Americans doing everything they’ve been told is right and not moving forward,” she says. “And they’re scratching their heads like, ‘How come I’m not doing better than me? How come I don’t do better than the guy in the cabin next to me? ”

The new poll finds that 38% of white adults say they have received at least $10,000 in gifts or loans from a parent or older relative. Only 14% of black adults receive gifts or similar loans. The share is 16% for Latinos and 19% for Native Americans.

Brown says this divide reflects generations of segregation and racism, especially in housing policies. Racially restrictive covenants prohibited whites from selling or renting their homes to African Americans or other minority groups. And Federal Housing Administration policies supported such restrictions.

“So if your grandparent has a house that was insured by the FHAit was because they were white,” she said. “You don’t think about it, but it was.”

The racial wealth gap is also evident in many other survey questions.

“When people talk about the American dream, it’s here,” says Robert Blendon, a Harvard professor emeritus of health policy who worked on the poll.

A lot of black, Latino and Native American adults say they want to move to better housing and expect their kids to go to college, but they don’t have the money to pay for those things.

“These minority communities are going to … have to borrow everything in a very risky environment for that,” Blendon says, “and they have nothing to at least help defray some of the cost.”

What’s at stake, he says, is the ability to make the choices that can help families and future generations move forward.

For black Americans, wealth is more likely to increase

For African Americans, in particular, tax expert Brown says the generational transfer of wealth is actually more likely to go the other way – with children helping parents who suffered under Jim Crow.

Theodore Bailey and his wife, Audrey, live in Marana, Arizona.  He is one of many college-educated Black Americans who provide significant financial support for their families, which research finds contributes to the persistent racial wealth gap as it decreases funding for inheritances.

/ Via Theodore Bailey


Via Theodore Bailey

Theodore Bailey and his wife, Audrey, live in Marana, Arizona. He is one of many college-educated Black Americans who provide significant financial support for their families, which research finds contributes to the persistent racial wealth gap as it decreases funding for inheritances.

This is the story of Theodore Bailey, who is 76 and remembers a difficult childhood in segregated Nashville.

“My father died when I was 3 years old,” he says. “My mother was a single mother with four sons.”

Her father died while serving as an army cook during World War II, leading to a major rift for Bailey. As a war orphan, he was able to attend college thanks to the GI Bill, which launched a successful career as an engineer and missile designer. Early on, Bailey sent money to help her mother get by.

“I knew she was struggling, you know. And at the time, I didn’t have much to lose, but I was sending her everything I could,” he says.

Now retired to Arizona, Bailey says he has always helped his family. This includes supporting a brother who lost his job, sending his grandchildren to college, and being there for others along the way.

“Oh,” he laughs, “there are always cousins ​​and nephews and things that want to borrow money, and often they don’t pay it back.”

Research shows caregivers like this are serious depletes the wealth of black American college graduates. Bailey says he now has to cash out more of his IRA than he would like in this bad market, to meet his own expenses.

He does not know how much he will have left to pass on to his children and grandchildren.

“I invested in them, putting them through college and so on,” he says. “I hope they can take care of themselves.”

Copyright 2022 NPR. To learn more, visit

Kirk W. Walters sells 21,116 shares of M&T Bank Co. (NYSE: MTB)

August 13, 2022

Montana Lending

Comments Off on Kirk W. Walters sells 21,116 shares of M&T Bank Co. (NYSE: MTB)

M&T Bank Co. (NYSE: MTBGet a rating) Director Kirk W. Walters sold 21,116 shares of the company in a trade on Tuesday, August 9. The shares were sold at an average price of $180.00, for a total transaction of $3,800,880.00. Following the completion of the sale, the administrator now directly owns 6,134 shares of the company, valued at $1,104,120. The transaction was disclosed in an SEC filing, which is available via this hyperlink.

M&T Bank shares up 1.6%

Shares of MTB opened at $189.82 on Friday. The stock has a market capitalization of $34.06 billion, a PE ratio of 17.64, a P/E/G ratio of 0.82 and a beta of 0.91. M&T Bank Co. has a 1-year low of $131.42 and a 1-year high of $189.88. The company has a debt ratio of 0.13, a quick ratio of 1.05 and a current ratio of 0.98. The company’s 50-day simple moving average is $167.40 and its 200-day simple moving average is $171.25.

M&T Bank (NYSE: MTBGet a rating) last released its quarterly results on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $1.08 for the quarter, missing the consensus estimate of $2.75 per ($1.67). M&T Bank had a return on equity of 10.76% and a net margin of 23.21%. During the same quarter last year, the company posted EPS of $3.45. Analysts expect M&T Bank Co. to post earnings per share of 15.21 for the current fiscal year.

M&T Bank said its board authorized a stock repurchase plan on Tuesday, July 19 that sees the company repurchase $3.00 billion of outstanding stock. This repurchase authorization allows the financial services provider to repurchase up to 9.7% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.

M&T Bank announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Investors of record on Wednesday, June 1 received a dividend of $1.20. The ex-dividend date was Tuesday, May 31. This represents an annualized dividend of $4.80 and a yield of 2.53%. M&T Bank’s dividend payout ratio (DPR) is 44.61%.

Changes to analyst ratings

Several analysts have recently commented on MTB shares. Piper Sandler raised her price target on M&T Bank shares from $200.00 to $210.00 in a Wednesday, April 20 research note. cut M&T Bank shares from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. cut its price target on M&T Bank shares from $200.00 to $195.00 and set a “neutral” rating for the company in a Friday, July 1 research note. Robert W. Baird upgraded M&T Bank shares from a ‘neutral’ rating to an ‘outperforming’ rating and raised his price target for the stock from $175.00 to $200.00 in a research report Friday, June 17. Finally, Citigroup raised its price target on M&T Bank shares to $200.00 in a Friday, July 22 research report. One analyst rated the stock with a sell rating, four gave the company a hold rating and eight gave the company a buy rating. Based on MarketBeat data, M&T Bank currently has a consensus rating of “Moderate Buy” and an average target price of $198.71.

Hedge funds weigh on M&T Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in M&T Bank in Q1 worth approximately $27,000. WASHINGTON TRUST Co increased its holdings in M&T Bank by 77.4% in the 2nd quarter. WASHINGTON TRUST Co now owns 188 shares of the financial services provider worth $30,000 after acquiring 82 additional shares during the period. Bank of New Hampshire bought a new position in M&T Bank in Q1 for about $34,000. Cordasco Financial Network bought a new position in M&T Bank in Q1 worth around $34,000. Finally, JW Cole Advisors Inc. bought a new position in M&T Bank in Q1 worth around $34,000. 87.61% of the shares are currently held by hedge funds and other institutional investors.

About M&T Bank

(Get a rating)

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises.

Read more

Get news and reviews for M&T Bank Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for M&T Bank and related companies with’s free daily email newsletter.

Student borrowers worried as COVID-19 moratorium deadline approaches

August 12, 2022

Montana Loans

Comments Off on Student borrowers worried as COVID-19 moratorium deadline approaches

LENEXA, Kan. – In less than three weeks, the federal student loan repayment break will expire. The Biden administration had extended the deadline for the fourth time to August 31 in hopes of helping families while dealing with the hardships of the pandemic.

Kelly Hansen has been paying off her student loans for 34 years. She is pursuing higher education to fulfill her vocation.

“My mom was a single mom and a teacher,” Hansen said. “She wanted me to get a good education, so I went to Montana State University and graduated in 1991.”

Hansen pursued a career in the culinary arts as an adult and recently graduated from seminary to become a hospital chaplain. Although she thinks all of her education was worth the financial investment, her debt has piled up over the years.

“Just myself, without my spouse, I have about $90,000 in student loan debt right now,” she said. “Thirty-four years to pay, intermittently.”

The student loan moratorium during COVID-19 has been a sigh of relief for Hansen. She and her husband wanted to use that time and move forward on the payments, but life had other plans.

“You know, we thought we could build up that 6 month reserve that you’re supposed to have, and we’re still taking care of that, not to mention other debts,” Hansen said.

Student loan counselor Jason Anderson says these types of loans are difficult because you can’t declare bankruptcy or use other mechanisms in society to get rid of debt. A borrower’s best bet is finding the right repayment plan.

“If you’re struggling to repay your federal student loans, there are other plans,” Anderson said. Certain professions may qualify for loan forgiveness, so we’re specifically talking about teachers, doctors in some states, and government officials in particular.

Anderson believes that with the political climate in the country heading into the election, the Biden administration will once again extend the moratorium. It is unclear whether the administration will cancel the debt or how much it will cancel.

Working two jobs and living paycheck to paycheck with her husband in Lenexa, Hansen says the approaching deadline can feel overwhelming.

“But you just have to laugh it off and know it’s going to work out,” Hansen said.

Montana adds 1,824 cases, no new deaths

August 12, 2022

Montana Economy

Comments Off on Montana adds 1,824 cases, no new deaths

As of Friday morning, Montana confirmed 300,607 positive cases of COVID-19. Montana’s COVID-19 case tracking map shows 1,824 new confirmed cases. There are currently 2,099 active cases in the state.

According to the Montana Department of Public Health and Human Services, 1,527,257 doses of COVID-19 vaccine have been administered and 571,664 Montana residents are fully immunized.

In Missoula, 210,812 doses have been administered and 77,821 people are fully immunized. 64% of Missoula’s eligible population is fully immunized, which is the most tied in the state. You can find current case numbers from the City of Missoula Department of Health here.

The number of COVID-19-related deaths in the state was 3,481 on August 5, 2022 and remained at 3,481 on August 12, 2022, according to state health officials.

Here are the updated case totals in Montana:

Case of Yellowstone County:
46,503 Total | 318 Newly Reported | 501 Active

Case of Missoula County:
30,853 Total | 172 Newly Reported | 244 Active

Gallatin County case:
38,432 Total | 161 Newly Reported | 257 Active

Case of Cascade County:
27,250 | 158 Newly Reported | 200 assets

Flathead County case:
31,593 Total | 142 Newly Reported | 104 Active

Case of Lewis and Clark County:
20,002 Total | 134 Newly Reported | 64 Active

Big Horn County Case:
5,316 Total | 84 Newly Reported | 73 Active

Hill County Case:
4,970 | 56 Newly Reported | 24 active

Case of Rosebud County:
2,854 Total | 51 Newly Reported | 9 Active

Case of Ravalli County:
7,675 Total | 38 Newly Reported | 58 active

Blaine County case:
2,308 | 36 Newly Reported | 20 assets

Silver Bow County Case:
9,158 Total | 35 newly reported | 54 active

Case of Fergus County:
2,669 Total | 29 Newly Reported | 34 Active

Lake County case:
7,400 Total | 29 Newly Reported | 37 Active

Madison County case:
2,142 Total | 25 Newly Reported | 23 Active

Park County case:
4,804 Total | 25 Newly Reported | 34 Active

Case of Roosevelt County:
3,478 Total | 22 Newly Reported | 30 assets

Lincoln County Case:
5,171 Total | 20 newly reported | 31 Active

Case of Glacier County:
4,328 Total | 19 Newly Reported | 21 Active

Carbon County case:
2,245 | 17 Newly Reported | 13 Active

Case of Dawson County:
2,550 | 17 Newly Reported | 20 assets

Case of Deer Lodge County:
2,850 | 17 Newly Reported | 9 Active

Case of Chouteau County:
1,106 Total | 16 Newly Reported | 8 Active

Jefferson County Case:
2,882 Total | 16 Newly Reported | 14 Active

Pondera County Case:
1,327 | 16 Newly Reported | 17 Active

Powell County case:
2,059 Total | 15 Newly Reported | 15 active

Sanders County Case:
2,289 | 15 Newly Reported | 9 Active

Case of Custer County:
3,219 Total | 14 Newly Reported | 20 assets

Valley County case:
1,916 Total | 14 Newly Reported | 16 Active

Toole County case:
1,330 | 12 Newly Reported | 19 Active

Case of Beaverhead County:
2,315 | 11 Newly Reported | 20 assets

Granite County Case:
606 total | 9 Newly reported | 9 Active

Sheridan County case:
802 Full | 9 Newly reported | 16 Active

Case of Musselshell County:
982 Total | 8 Newly Reported | 12 Active

Richland County case:
2,775 Total | 8 Newly Reported | 3 Active

Broadwater County case:
1,391 Total | 7 Newly Reported | 3 Active

Case of the mineral county:
1,226 Total | 7 Newly Reported | 5 Active

Case of Wheatland County:
415 Total | 7 Newly Reported | 8 Active

Daniels County Case:
425 Overall | 6 Newly Reported | 4 Active

Case of Teton County:
1,409 Total | 6 Newly Reported | 2 active

Liberty County case:
449 Overall | 4 Newly Reported | 5 Active

Meagher County case:
497 Overall | 4 Newly Reported | 4 Active

Stillwater County case:
1,619 Total | 4 Newly Reported | 11 Active

Carter County Case:
270 Total | 3 Newly Reported | 3 Active

Case of Judith Basin County:
250 total | 2 Newly reported | 4 Active

Case of Powder River County:
388 Overall | 2 Newly reported | 2 active

Case of Prairie County:
277 Overall | 2 Newly reported | 3 Active

Case of Sweet Grass County:
841 Overall | 1 Newly reported | 5 Active

Case of the county of Wibaux:
211 totals | 1 Newly reported | 0 Active

Fallon County case:
707 Overall | 0 Newly reported | 1 Active

Garfield County Case:
243 Overall | 0 Newly reported | 0 Active

Case of Golden Valley County:
155 Overall | 0 Newly reported | 0 Active

McCone County Case:
406 Full | 0 Newly reported | 0 Active

Petroleum County Case:
35 Overall | 0 Newly reported | 0 Active

Phillips County case:
1,093 Total | 0 Newly reported | 0 Active

Case of Treasure County:
141 Overall | 0 Newly reported | 1 Active

Answers to 25 common questions about the COVID-19 vaccine

Vaccinations against COVID-19 began being administered in the United States on December 14, 2020. The rapid rollout came just over a year after the virus was first identified in November 2019. The impressive speed with which vaccines were developed also left a lot of people with a lot of questions. The questions range from practical – how will I get vaccinated? – to science – how do these vaccines even work?

Keep reading to find answers to 25 common questions about the COVID-19 vaccine.

See striking photos of the tourism industry during COVID-19

Government tax U-turn: Landlords allowed breaks for long-term rentals

August 12, 2022

Montana Mortgages

Comments Off on Government tax U-turn: Landlords allowed breaks for long-term rentals

Megan Woods: Owners of long-term rentals will get the tax breaks back. Photo/Mark Mitchell

The government has flip-flopped on the parameters of rental housing policy, backing away from scrapping landlord tax breaks.

Housing Minister Megan Woods today announced that owners of more than 20 rentals in one development, offering tenancies of 10 years or more, will now be able to claim mortgage interest deductibility.

This is to encourage this sector to thrive, she said, citing the fast-growing build-to-let sector.

Last year, the government announced that it would remove the benefits landlords enjoyed: the deduction of interest paid on mortgages for rental properties from their tax bills, which encouraged PAYE workers to buy rentals in order to reduce their tax bills.

The changes were first announced last March.

The end of the breaks sparked outrage from landlords, including Ockham Residential chief executive Mark Todd, who said he feared he would be forced to sell 85 apartments.

The change in tax policy has led to gloomy predictions from various interest groups that they will cause the maximum exodus of investors from the residential real estate market.

But homeowners buying a brand new property could still claim their mortgage interest as a tax deductible expense for up to 20 years.

Owners of existing older properties would not be able to recover tax on the interest portion of mortgages for rental units.

Today, Woods framed the U-turn in positive terms.

“We are granting an exemption from the interest limitation rules to certain types of new and existing construction developments for rent in perpetuity,” she said.

To be eligible, developments must offer tenants leases of at least 10 years. Tenants can request shorter agreements if they wish and the development will still qualify for the exemption. Tenants may terminate their lease at any time, subject to 56 days’ notice.

“We believe that security of tenure is essential for people who rent. This requirement will allow people to settle in and personalize their home, reduce the frequency with which they have to find new accommodation and all moving costs. associates, especially as people face the costs of life challenges and help them build and maintain connections with their community,” she said today.

“We recognize the important role that the build-to-let sector can play in filling a gap in the general rental market by increasing the supply, density and diversity of housing.

“Aotearoa New Zealand needs to build more homes where they are needed and at prices affordable to low-to-moderate income households. Building for rental can help continue the current momentum of new supply and improve quality rental units with new homes that are warm, dry and safe,” she said.

A spokesman for Woods denied it was a turnaround because the announcement on interest deductibility last year indicated the minister would do more work on the construction sector for rent.

Leonie Freeman, Managing Director of the Property Council.  Photo / Doug Sherring
Leonie Freeman, Managing Director of the Property Council. Photo / Doug Sherring

Leonie Freeman, chief executive of the Property Council, welcomed the turnaround.

“Today’s announcement is one of the best levers to unlock the potential of build-to-let. We support the government’s drive to allow build-to-let to provide warm, dry rental accommodation that provide Kiwis with long-term security of tenure,” she said.

Woods said the legislation would be presented to parliament at the end of August.

The Herald reported how Woods was seeking policy advice to encourage the build-to-rent market.

Last November, Todd of Ockham said the government wanted to eliminate mortgage interest deductions on loans for purpose-built rental properties, which would put existing urban properties in Ockham at a huge disadvantage to be built for rental.

Teachers and emergency service workers were among the buildings’ long-term tenants, but may have to find new homes if Ockham sells, he said.

“It’s weird that [Housing Minister] Megan Woods supports the BTR sector to provide more new, warm and safe occupancy properties, but [Revenue Minister David] Parker is happy to kill vendors who already follow government policy,” Todd complained last year.

“I could be forced to sell 85 rental units worth $60 million to $80 million if the interest, which is the main cost of owning these buildings, becomes non-deductible,” Todd said, referring to the apartments that the company owns at Sandringham, Gray Lynn, Ellerslie and Mt. Albert.

Mark Todd of Ockham at Domaine Wintergarden.  Photo / Fiona Goodall, Getty Images
Mark Todd of Ockham at Domaine Wintergarden. Photo / Fiona Goodall, Getty Images

On a single project, Ockham could lose a $500,000 mortgage interest tax deduction, he said. He cited a $22 million development 50% funded by an $11 million loan, resulting in annual interest charges of $500,000, Todd said in November.

The rental construction industry is growing rapidly at home and abroad.

Thousands of new build apartments for rent in Auckland are planned and many are being developed by NZX-listed Kiwi Property, expanding in Sylvia Park and due to start soon in its LynnMall.

Greg and Helen Reidy’s Reidy & Co and Kim Barrett’s Resident Properties are also developing apartments to be built on three sites in central Auckland and bought an Ockham block a few months ago.

Reidy said he expects the first three apartment buildings to have a total value of about $210 million.

$160 million deal reached to advance next-generation aerial firefighting platforms

August 11, 2022

Montana Lending

Comments Off on $160 million deal reached to advance next-generation aerial firefighting platforms

DA Davidson, a team of capital market professionals, assessed and closed $160 million in industrial development revenue and revenue repayment obligations for Bridger Aerospace, a Montana-based aviation services provider.

The deal represents one of the largest taxable unrated municipal ESG bonds in the country.

Proceeds from the bond will help Bridger Aerospace fund two aircraft hangars to be located at Gallatin Field in Belgrade, Montana, and acquire four new SuperScooper firefighting aircraft.

“Bridger Aerospace operates the largest and most sophisticated fleet of firefighting aircraft, and as it redefines its technology to meet the emerging challenges of aerial wildfire fighting, we are grateful to have the opportunity to provide the financial solutions necessary to support a strategy of continued growth”, said Kyle Thomas, CEO of DA Davidson.

Founded in 2014 and led by current CEO and former Navy SEAL Tim Sheehy, Bridger is a company focused on addressing the year-round threat of economic and environmental damage caused by wildfires.

Through its fleet of aircraft and FireTRAC, its data collection, aerial surveillance and reporting platform, Bridger provides its federal agency and state government customers with a range of aerial response solutions. against fires.

Meet the Dallas 500: Rob C. Holmes

August 10, 2022

Montana Economy

Comments Off on Meet the Dallas 500: Rob C. Holmes

Over the past year, Texas Capital Bank President and CEO Rob Holmes has implemented a new company-wide strategy, recapitalized and restructured the company, increased the number employees in key departments and lines of business, more than doubled the bank’s front-line team and obtained FINRA Approval for its investment banking division and affiliate broker.

Most recently, Texas Capital Bank provided $5 million in funding to Lendistry, a minority-owned technology lender that aims to help underserved communities, to expand into Texas with an office in Dallas.

In Holmes’ Extended 2022 Dallas 500 Q&A, he talks about how many times it took him to score a second date with his wife, the future of fintech in banking, and much more.

Education: Southern Methodist University (MBA), University of Texas at Austin (BA-Economics)

Place of birth: Dallas, TX

First job: “My first job was packing groceries in a grocery store. This experience taught me very early on the importance of customer service and satisfaction. I learned that I really liked customer-facing roles and I’ve been in customer service my entire career. »

Best Advice: “One of my mentors and boss from very early in my career, who remains a mentor today, was discussing a promotion with me and he noted that in order for me to advance I didn’t need his vote, but from that of all my peers – which I try to win every day.

Having dinner : “I was having dinner with Robert B. Cullum who founded Tom Thumb and Page Drug, among other banners, years ago because he was very successful but also very civic with an exceptional focus on community. And he happens to be my grandfather. I would also invite Dan D. Rogers, vice president of Mercantile National Bank, who happens to be my great-grandfather, who could provide me with excellent advice and guidance.

Destination of choice: “When I have the chance to travel, I enjoy spending time with my family and friends in Big Sky, Montana. The beauty of the Pacific Northwest and the various fly fishing rivers are always a welcome retreat. That said, I’m a Texan and really love the rich history and diverse culture of South Texas.”

Non-profit cause: “I usually find myself involved in organizations and passionate about causes that support either underprivileged children or our country’s great veterans and first responders in our community.”

Hobbies/Hobbies: “My passion is my family. We are very close and spend as much time as possible together. I also enjoy fly fishing and quail hunting when I get the chance.

Fun fact: “I had to ask my wife, Charlyn, 7 times to go on a second date with me. She finally said yes.

Dream car: “I always wanted an older model Defender, but I could never justify the price.”

Most difficult challenge: “Two days in particular stand out for me as the toughest of my career: 9/11 and the bankruptcy of Lehman Brothers on September 15, 2008. I was in New York working on both days. I vividly remember seeing the second plane fly into the building and then seeing both buildings fall on 9/11. That night, I had to stay at my boss’ apartment, because I couldn’t go back to my hotel. I took a bus to work the next morning at 5:30 in Midtown. And I remember being one of the few to go out that morning. I went to work because other colleagues just couldn’t get in. And then I remember being at the bank on Sunday evening, September 14, 2008, when scenarios were discussed regarding the consequences of the failure of Lehman or other banks. The next day, Lehman filed the largest bankruptcy petition in US history, involving more than $600 billion in assets.

Moments of pride: “There is not one action I would like to report, but rather a series of regular and thoughtful actions each of which strengthens the team, the culture and the record that gives us the confidence to say firmly that we can offer something distinct to our customers and shareholders.. We know what this bank can be, and the significant actions of the last seven months have all been essential in setting up this next step.

Better DFW: “The social, economic and business transformation that Dallas has undergone over the past decade has already made it one of the most exciting, dynamic and desirable cities in the world in which to work, live or raise a family.”

Must read: “When I arrived at the bank, I made everyone read The cultural code by Daniel Coyle. It’s a transformative book about the power of high performing groups.

Bucket list: “The only thing on my bucket list right now would be to lead Texas Capital in a way that has a profound effect on the development and growth of the next generation of employees and their future success. In 2021, we launched the whole thing. the bank’s first junior program, and we are already seeing the impacts of this innovative and exciting group in our ranks.

Future forecast: “We are clearly located in one of the best markets in the country to offer customer solutions that will rival any competitor. We are more well capitalized than ever. And we have the leadership, talent and commitment to meet the challenges ahead and achieve our vision. We are building the leading financial services company in Texas, serving the best clients in our markets. »

Fintech innovations: “Our approach to responding to fintech innovation is less about adapting and more about keeping pace with digital change to meet the needs of our customers. Our hedging model outlined in our strategy is supported by several digital modernization initiatives focused on securing the right to do business with our customers. This means having APIs on key products that are integrated with our customers’ platform of choice, providing advanced analytics and data products that work seamlessly across our customers’ financial lifecycles, and optimizing for high contact and self-service.

“The broader fintech ecosystem is as accessible to us as it is to others. Our strategy to keep pace is to continuously analyze, innovate and/or acquire. We periodically analyze the market for new technologies and have deep insight into the fintech market through our technology banking business We are increasingly active in fintech and the broader tech community, actively partnering and acquiring key technologies that we believe will will help bring value to our customers.


Ben Swanger is the associate editor of CEOthe business title of Magazine D. Ben manages the Dallas 500

Bank of Valletta removes high balance fees on business deposits

August 9, 2022

Montana Lending

Comments Off on Bank of Valletta removes high balance fees on business deposits

Bank of Valletta will no longer charge high balance fees on deposits to non-personal customers, following the interest rate hike by the European Central Bank.

The high balance fee was introduced following the negative interest rate scenario that prevailed until the end of July 2022.

BOV specifies in a press release that the fee has been withdrawn from the tariff of charges as of August 1, 2022.

Albert Frendo, director of corporate banking, said BOV is following and adapting to the changing environment. “We ensure that changes in market dynamics are reflected in our pricing and business strategy.”

The ECB raised its key rate by 0.5 percentage points to 0% last month and plans further hikes this year in a bid to calm runaway inflation. The rate has been negative since 2014 in an effort to revive the eurozone economy after years of weak growth.

But with inflation on the rise, the ECB has been forced to intervene, even as economists fear the European economy could slip into recession.

Frendo said BOV ensures that the level of corporate deposits is sustainable and within required parameters. “With this in mind, we ensure that any benefits resulting from market changes flow immediately to the customer, while effectively managing negative changes as much as possible,” he said.

The bank said its decision was part of other efforts to support Maltese entrepreneurs. “In an ensuing period of inflation, the bank continues to ensure that it remains the leading provider of trade finance, underpinned by strong credit fundamentals and effective feasibility assessments to continue to support sustainable economic growth in the various economic sectors that drive the Maltese economy,” says Frendo.

Kendall Spray named director of women’s basketball operations

August 9, 2022

Montana Mortgages

Comments Off on Kendall Spray named director of women’s basketball operations

FORT MYERS, Florida. – One of the most prolific three-point shooters in NCAA history, Kendall Vaporizer has been named director of operations for the nationally ranked FGCU women’s basketball program, as announced by the head coach Karl Smesko today.

“We’re really excited to have Kendall back on our program,” Smesko said. “Kendall has great energy, great attention to detail and great enthusiasm for the game. She also has a great ability to connect with people.”

Spray played one season for the Eagles helping the Greens and Blues win the 2022 ASUN Championship crown before reaching the second round of the NCAA Tournament following a thrilling win over fifth-seeded, No. 16 Virginia Tech.

The Mt. Juliet, Tenn., native finished her college career ranked fourth all-time in NCAA history with 466 three-pointers in 154 games between UT Martin, Clemson and the Eagles.

Overall, she scored 1,900 points in five seasons for an average of 12.3 points per game. During that time, Spray made 466 out of 1,169 field goal attempts for an average of .399. In her only year with the Vert et Bleu, she was 103 of 226 (.456) for second all-time in program history for single-season trebles. His 45.6% shooting percentage from deep also ranks third for a single season. Spray’s 103 three-pointers last season were also the second of his career. In 2017-18, she hit an Ohio Valley Conference record 125 as a sophomore with UT Martin.

After the season, Spray put on a show in front of a national ESPN audience by winning the 3-point Women’s Championship from Rocket Mortgage. The graduate student scored 18 points in the first round, 25 in the semifinals and 23 in the championship round to win the title. The crowd and ESPN announcers were mesmerized as Spray cleaned rack after rack at every turn.

The FGCU, ranked No. 20 in the latest WBCA poll of the season, finished 2021-22 with an overall record of 30-3 after advancing to the second round of the NCAA Tournament. This marked the eighth NCAA Tournament appearance for the Eagles in the last 11 years and the fifth in a row. Les Vert et Bleu won their ninth ASUN league title to earn the spot, while the 30 wins marked the fifth time in the last eight seasons to reach the milestone.

For full coverage of the women’s basketball schedule, follow the Eagles on Twitter and instagram to @FGCU_WBB, the Facebook at /fgcuwbb and online at You can also sign up to receive news about FGCU women’s basketball or other programs straight to your inbox by visiting

IT NEEDS A TEAM to achieve our most recent goal – a $10 million campaign to address the needs of student-athletes for continued academic success, life skills, mental health, nutrition, strength and conditioning as well as needs of the department for expansion and improvement of facilities as well as mentoring and leadership training for coaches and staff. The name embodies our mission and the goal of the EAGLE – Eagle Athletics Generating Lifetime Excellence campaign. Join our team and commit your donation today to help the Eagles of tomorrow!


Do you enjoy watching or following the FGCU women’s basketball program? Would you like to play a role in the growth of the program and help it reach heights never reached before? If so, you can contact Director of Advancement, Matt Ring, to learn about opportunities to impact the experiences of our student-athletes. He can be contacted by email at [email protected] or by desk phone at 239-745-4434.

FGCU Head Coach Karl Smesko maintains a career record of 610-128 (.826) overall, which is the third-highest winning percentage among active Division I coaches behind only UConn’s Geno Auriemma and LSU’s Kim Mulkey. He also led the Eagles to a 232-18 (.930) ASUN regular season record and a 30-2 (.933) ASUN tournament record. In the previous 10 seasons, he guided FGCU to a 153-5 (.968) conference record with six undefeated seasons. The 12-time ASUN Coach of the Year has led the program to 12 consecutive 25-win seasons and 18 consecutive 20-win campaigns, including more than 30 wins in five of the last eight years. On top of all that, the Eagles are 549-101 (.845) since Smesko started the program in the 2002-03 season, and the Greens and Blues’ all-time winning percentage of .845 is the best in NCAA Division I. the history of women’s basketball.

FGCU Athletics sponsors events in November and April to benefit the FGCU Campus Food Pantry ( and the Harry Chapin Food Bank (, FGCU Athletics Charities of Choice. For more information, including how to make a contribution, please visit and use the hashtag #FeedFGCU to help raise awareness.

FGCU teams have combined to win an incredible 92 conference regular season and tournament titles in just 15 seasons at the Division I level. Additionally, in just 11 seasons of DI playoff eligibility, the Eagles brought together 45 teams or individuals competing in NCAA championships. In 2022, the men’s golf team became the first program to qualify for the NCAA Tournament. Eight FGCU programs ranked in the top 25 nationally in their respective sports, including women’s basketball (#20, 2021-22), beach volleyball (#20, 2022) and men’s soccer (2018, 2019) and women’s football. (2018) as four of the most recent. In 2016-17, the Vert et Bleu posted the department’s best sixth place finish in the DI-AAA Learfield Directors’ Cup and top 100 nationally, ahead of several Power-5 and FBS institutions. In 2018-19, the Eagles had an ASUN and Florida State’s top seven teams won the NCAA Public Recognition Award for their rate of academic progression in their sport. FGCU also collectively achieved a record 3.50 in-class GPA in the fall 2020 semester and outperformed the general undergraduate college population for 26 consecutive semesters. The last five semesters (Fall 2019 – Spring 2022) saw another milestone reached as all 15 programs achieved a cumulative team average of 3.0 or higher. The Eagles also served an all-time high of 7,200 volunteer hours in 2017 – being recognized as one of two finalists for the inaugural NACDA Community Service Award presented by the Fiesta Bowl.


2022 Homeowner’s Net Worth Increases in All US States Except NJ

August 9, 2022

Montana Loans

Comments Off on 2022 Homeowner’s Net Worth Increases in All US States Except NJ

NEW JERSEY — New data from real estate information analyzer ATTOM Data Solutions has revealed that, from the first quarter of 2022 through the second, the percentage of mortgaged residential properties considered “equity-rich” increased in the United States, exception of a State.

According to the ATTOM US Home Equity & Underwater report released on Thursday, the only outlier is New Jersey, which saw its ratio drop from 38.6% to 37.9%.

ATTOM defines “equity-rich” as properties with estimated loan balances no greater than 50% of their market value.

In the United States, on average, the percentage of mortgaged homes deemed “equity-rich” in the second quarter of 2022 fell from 44.9% in the first quarter of 2022 to 34.4% in the second quarter of 2021, ATTOM reported.

“After 124 consecutive months of rising home prices, it’s no surprise that the percentage of equity-rich homes is the highest we’ve ever seen and the percentage of seriously underwater loans is the lowest. “said Rick Sharga, executive vice president of business intelligence at ATTOM. “As home price appreciation appears to be slowing due to rising mortgage interest rates, it seems likely that homeowners will continue to rely on the record amount of equity they have available for the rest of 2022.”

The latest increase affected nearly half of all mortgage payers and marked the ninth straight quarterly increase in homes’ share of the equity-rich designation, the curator added. In fact, the report found that at least half of all mortgage payers in 18 states were considered “stock-rich” in the second quarter of 2022, up from just three states a year earlier.

2.9% of mortgages (1 in 34) were also considered “seriously underwater” in the second quarter of 2022, which represents a combined estimated balance of loans secured by the property of at least 25% more than the estimated market value of the property, by ATTOM. That’s down from 3.2% of all US homes with a mortgage in the previous quarter and 4.1%, or 24 properties, a year ago.

New Jersey, however, was one of three states where the percentage of seriously underwater homes increased from the first quarter to the second quarter of this year, from 2.9 percent to 3 percent. In fact, more than 25% of mortgaged properties in the Philadelphia area have been reported as severely underwater, ATTOM said. The other states listed were Montana (from 3 to 3.9%) and New York (from 2.7 to 2.8%).

In contrast, ATTOM says it is seeing a current wave of migration from high-cost areas of the United States to the South and Southeast as equity-rich mortgages increase in the region. The South and Midwest also saw most of the largest declines in severely underwater properties in states like Mississippi (share of severely underwater mortgaged homes down 17 to 8.1%) and Missouri ( down from 6.6 to 5.2%).

The ATTOM US Home Equity & Underwater report analyzed properties based on several measures of equity – or loan to value (LTV) – at the state, metro, county and zip code level, as well as the percentage of total properties with a mortgage that each equity category represents. To see the full methodology and report, Click here.

Congress Passes CHIPS Act, Flathead Manufacturing Benefits Expected

August 8, 2022

Montana Economy

Comments Off on Congress Passes CHIPS Act, Flathead Manufacturing Benefits Expected

President Joe Biden is about to sign into law the CHIPS and Science Act, a $280 billion piece of legislation recently passed by Congress and designed to strengthen the U.S. semiconductor industry and increase the country’s competitive advantage in China. The legislation is a welcome development for Flathead Valley, where Applied Materials, one of the nation’s largest semiconductor makers, operates 350,000 square feet of engineering and manufacturing space in Kalispell.

Applied Materials has been operating in the Flathead since 2009, when it acquired Kalispell-based semiconductor producer Semitool for $364 million, taking over its facilities off West Reserve Drive. Since then, its operations in the area have grown significantly, making it one of Flathead’s largest employers. In addition to the West Reserve Drive site, the company moved to the old Shopko building in Evergreen earlier this year, creating 200 new jobs in manufacturing, engineering and business administration. Today, Applied Materials employs 825 people in Flathead.

The semiconductor maker stands to benefit from recently passed legislation that offers $54 billion in grants for semiconductor manufacturing and research, tens of billions in funding for regional tech hubs and a tax credit that will cover 25% of investment in semiconductor manufacturing through 2026. Congressional architects of the act said passage of CHIPS will result in 300,000 well-paying jobs across the country, as well as significant progress towards a competitive advantage over the Chinese semiconductor industry.

“At a time when semiconductor leadership is more important than ever to the economy,” said Gary Dickerson, president and CEO of Applied Materials, “this crucial legislation will strengthen manufacturing and chip innovation, create jobs and strengthen the semiconductor supply chain in Montana and the United States. states.”

The CHIPS Act has won broad bipartisan support, a notable feat in a Congress that has been largely unable to overcome partisan gridlock in recent months. The Senate passed the bill 64 to 33 and the House, 243 to 187.

Montana Sen. Jon Tester, D-Mont., and Sen. Steve Daines, R-Mont., voted in favor of CHIPS.

“I fought for this bill to reverse the trend of outsourcing critical manufacturing to foreign countries and instead invest in rural America by stimulating high-tech production at home, strengthening supply chains supply and increasing domestic research and development,” Tester said in a statement. Release.

Daines released a statement echoing similar sentiments. “Investing in U.S. semiconductor production, innovation, STEM education, and R&D is critical to bolstering our national security, strengthening America’s position as a global leader, and winning the race against China.” , said the senator.

Rep. Matt Rosendale was in the minority to vote against the bill. On July 28, Rosendale retweeted a statement from the House Freedom Caucus, a conservative Republican congressional caucus, stating that CHIPS “not only adds $79 billion to the deficit, but is also loaded with crony capitalist papers, climate initiatives from the Green New Deal and Radicals’ woke politicians Worse still, its passage (sic) in the Senate – with the help of 17 Senate Republicans – opened the door to even more runaway spending in the Democrats’ reconciliation deal with $400 billion in spending on Liberal priorities and some $700 billion in tax hikes.

As the United States continues to struggle with a severe shortage of semiconductors, Montana lawmakers hope the CHIPS Act will boost manufacturing across the state, moving supply chains forward while strengthening the national economy. and local.

Chuck Hoskin: Cherokee Nation extends assistance to homeowners

August 8, 2022

Montana Mortgages

Comments Off on Chuck Hoskin: Cherokee Nation extends assistance to homeowners

Indianz.Com > News > Chuck Hoskin: Cherokee Nation Expands Landlord Assistance

Clifford and Esther Littledave, of Mayes County, Oklahoma, recently found help through the Cherokee Nation Homeowners Assistance Fund. The program helps eligible citizens who are experiencing financial hardship due to the COVID-19 pandemic. Photo: Anadisgoi/Cherokee Nation

Help Available for Cherokee Owners Facing Hardship Due to the Pandemic

Monday, August 8, 2022

Cherokee Nation

All families deserve to live in safety and dignity, without fear of losing their homes. During the economic uncertainty caused by the COVID-19 pandemic, some Cherokee homeowners have fallen behind on their mortgages or fallen into financial difficulty making payments. To ensure Cherokee families can stay in their homes, the Cherokee Nation Housing Authority is expanding the tribe’s Homeowners Assistance Fund (HAF) program. Qualified homeowners can apply for forgivable loans through the HAF. The loans are fully funded by federal dollars as part of the US bailout. They can be used to cover overdue mortgage payments, overdue home insurance premiums, overdue property taxes, or other debts that could displace homeowners if not paid. Once approved, funding goes directly to the mortgage loan officer. The financial assistance program is already helping Cherokees find more stability and security in their homes. The pandemic has taken a toll on many of our fellow Cherokees, increasing their physical, mental and financial stress. But it was also an opportunity for all of us to come together in the spirit of Gadugi, working together for the greater good. We know this program will directly impact hundreds of Cherokee families, while strengthening our communities and having positive generational impacts for everyone. Cherokees on our reservation and neighboring areas have access to the Tribe’s HAF program. The Housing Authority will give priority to homeowners located in counties comprising the reservation, which encompasses all or part of Oklahoma’s 14 northeastern counties. It will then extend to Cherokees who own homes in a county in Oklahoma, Kansas, or Arkansas that borders the Cherokee Nation reservation. Availability is also based on household income. Previously, this program was only open to people with mortgages through the Cherokee Nation or the Cherokee Nation Housing Authority, but now we are opening it to all Cherokee mortgage holders who meet the eligibility criteria. The expanded Homeowners Relief Fund will be available until funds are exhausted, which our housing experts estimate through 2026. For more information and a full list of eligibility criteria, visit /HAF or call 918-456-5482. For some families, finding affordable housing is a lifelong struggle that has been exacerbated by the pandemic. We know the need for stable and secure housing is high, and it will remain so as the economy adjusts. Deputy Chief Bryan Warner, the Council, and my administration made housing a high priority with the landmark Housing, Jobs, and Sustainable Communities Act in 2019, which was renewed and expanded earlier this year. HJSCA has provided more than $120 million to meet the diverse housing needs of the Cherokee people, the largest real estate investment in history. More than that, HJSCA has incorporated into Cherokee Nation law that housing is one of the Cherokee Nation’s highest priorities. Setting this tone is what has spurred programs such as the Homeowners Relief Fund and will spur many more ideas in the future. The HAF is just one of many programs offered by the Cherokee Nation to meet the housing needs of our citizens. Others include the New Construction Home Ownership Program to pave the way for home ownership for Cherokee families, housing repairs for seniors and disabled Cherokees who need assistance. to maintain their home, emergency rental assistance, etc. A full list of programs is available on the Housing Authority of the Cherokee Nation website,

Chuck Hoskin Jr.
Chuck Hoskin Jr. is the 18th elected Principal Chief of the Cherokee Nation, the largest Indian tribe in the United States. He is only the second elected Principal Chief of the Vinita Cherokee Nation, the first being Thomas Buffington, who served from 1899 to 1903. Prior to being elected Principal Chief, Hoskin served as the Tribe’s Secretary of State. He was also a member of the Cherokee Nation Council, representing District 11 for six years.

Montana, where American still works

August 6, 2022

Montana Economy

Comments Off on Montana, where American still works

I am a lucky American.

Thanks to my wife Colleen’s work as a travel agent, for the past two weeks I have been to Europe and back.

I was able to accompany Colleen, as I often do, when she took a tour group to the French wine region of Bordeaux.

While I was away, things seemed to start looking up a bit at home.

The Biden administration was still doing its best to cripple the economy, bankrupt the federal government, and destroy our energy industry with its senseless green policies.

But the stock market rebounded well.

National gasoline prices continued their slow slide towards $4.25 per gallon (except in California).

And Nancy Pelosi didn’t start World War III by visiting Taiwan.

While I was in Europe, a friend from Pittsburgh, a former journalist named Bill Steigerwald, drove from western Pennsylvania to Montana with his wife and daughter.

It’s a 1,900 mile road trip – one way – but Bill is used to driving across America and meeting strangers. He still thinks it’s fun at 74.

For decades he did what he calls “drive-thru journalism” for the Los Angeles Times (in the 1980s) and two Pittsburgh dailies.

And in 2010, for his book “Dogging Steinbeck,” he carefully traced John Steinbeck’s road trip around the United States in 1960 and turned it into his iconic bestseller “Travels With Charley.”

Bill drove alone, covered 11,276 miles in about 40 days, and met hundreds of Americans from Maine to California. Unlike many journalists, he liked 99.9% of the people he met.

Bill still meets – and, as he puts it, “softly asks” – people all the time when he travels.

This week, in an email from sparsely populated central Montana, he wrote, “Don’t worry too much about the future, Mike.

“Last week, I met half a dozen everyday hard-working people here proving that DC politicians can’t completely destroy America with their bad policies.”

In Lewistown, a population of 6,000, Bill said he met Brandon O’Halloran, a former schoolteacher in his 40s who owns and operates the Rising Trout Café on Main Street.

Brandon and his wife Mariah have three children and live on a small, all-organic ranch and wheat farm outside of town.

Three mornings a week, he comes in around 5:30 a.m., roasts his own coffee, and whips up a stack of cinnamon rolls and breakfast sandwiches.

“He’s optimistic, friendly and apolitical, a wise mix of liberal and conservative,” Bill wrote. “You would never know that the country is in trouble or that its wheat crop failed last year because of the weather.”

Bill is staying in his wife’s family’s log cabin in the dense forest near the thriving former silver mining town of Neihart, now home to around 50 people.

In “downtown” Neihart, on Highway 89, which passes through the mountainous Lewis & Clark National Forest and its few still-active Minutemen silos, is “The Inconvenience Store”.

A co-op, it is run on a shoestring and owned and managed by a dedicated team of colorful and friendly residents.

The invaluable store serves as a morning coffee for elders, a community center and is the only place for many miles where you can buy bread, milk and water.

Almost next door to the Co-op is Bob’s Bar Restaurant & Motel.

The modest combo was purchased about five years ago by a 40-something Indiana entrepreneur named Janice, who even cleans the rooms herself (to make sure they’re done right) .

Her funky bar caters to tourists, locals, skiers and passing bikers and she has just hired a new cook specializing in prime rib and grilled salmon.

Janice has the only gasoline for sale in 40 miles and she knows the locals depend on her.

“She charges $6.50 a gallon,” Bill reported.

“It’s stiff – but fair. When her two old gas pumps stop working due to vapor locks, she pulls out her gear and pumps out what you need herself.

That’s how America has always worked, Bill says — in the middle of Montana, anyway.

Michael Reagan, son of President Ronald Reagan, is an author, speaker, and president of the Reagan Legacy Foundation. Send comments to [email protected] and follow @reaganworld on Twitter.

‘Quasi-preneurs’ see opportunities and challenges in franchising | Lifestyles

August 6, 2022

Montana Lending

Comments Off on ‘Quasi-preneurs’ see opportunities and challenges in franchising | Lifestyles

By MAE ANDERSON – AP Business Writer

NEW YORK (AP) — In 2020, Kelly Jackson and Davina Arceneaux wanted to quit their corporate jobs and become business owners. They were looking for something that was both COVID-proof and recession-proof.

Instead of completely stepping out of a corporate umbrella, they turned to franchising. Both worried about notoriously tight restaurant margins. They considered a drug testing franchise, but the initial investment was too high.

A franchise mentor told them about Motto Mortgage Home Services, and Jackson and Arceneaux opened one in Oakbrook Terrace, Illinois, in July 2020 with an initial investment of $35,000.

“People always need new places to live and always buy and sell houses,” Jackson said. It takes rising interest rates in stride. “Interest rates go up and down, that’s what they do, it’s part of the industry.”

People also read…

Jackson and Arceneaux, who had served as senior IT program and project manager and assistant restaurant manager, respectively, had no mortgage experience, but Motto Mortgage provided training and support.

“You don’t necessarily need experience in this industry to fit into this category, the brand will train you,” said Matt Haller, president and CEO of the International Franchise Association.

In the months following the outbreak of the pandemic, many people in corporate jobs decided to step aside, in what is known as the “great resignation”. They looked for alternatives, including opening a franchise with an established brand.

Quasi-preneurs who open franchises say they like the opportunity to buy a proven brand and access to tools and operations you wouldn’t get if you were starting your own small business. But the franchise also comes with many challenges. There are many rules and regulations to follow. Contracts are long and can be difficult to terminate.

The number of U.S. franchises rose about 3% in 2021 to 774,965 after a decline in 2020, according to the IFA. These include large franchises like McDonald’s or 7-Eleven, but all types of businesses can be franchised, from pool cleaners to hair salons.

There are approximately 3,000 franchise brands in the United States. The IFA predicts that the number of franchises in the United States will increase by 2% to 792,014 this year. This is still only a fraction of the 32.5 million total small businesses in the United States.

Franchise owners purchase with an upfront fee – ranging from tens of thousands to hundreds of thousands of dollars – to get their business, then pay a monthly royalty percentage. In return, they get use of the brand name and marketing, as well as other media.

A classically trained pastry chef, Helen Kim has often dreamed of owning her own bakery. But when she decided to go it alone, Kim thought building a business from scratch would be “too big a mountain for me to climb.”

While working at the Aria Resort & Casino in Las Vegas, Kim was a frequent customer of Paris Baguette. She was impressed and last year bought a Paris Baguette franchise in the city with her sister.

Although the financial requirements are strict — according to the company’s website, franchisees need a net worth of $1.5 million and $500,000 in cash — Kim said it’s worth it . Although money invested in a franchise is always at risk if the business fails, brand recognition and support from the franchisor provides more of a safety net than establishing an unknown brand.

However, getting used to a franchise structure can be an adjustment. When Chris Dordell and husband Jason Fenske decided to quit their jobs at Wells Fargo and Salesforce and open two Pilates Clubs in 2018 and a YogaSix studio in 2020, in and around Palm Springs, they appreciated the playbook provided by the franchisor Xponential.

“It was interesting at this point after having been in corporate jobs for over 20 years that we could plug into an existing model,” Dordell said.

But Dordell said you have to adapt to company rules. Some costs incurred while building the franchises could have been reduced, but “to maintain consistency across the business, we needed to follow the model.”

If a franchisor changes direction or is sold, a franchisee may be left behind.

Tom Lee and his wife opened a home health care franchise, Home Care Assistance, in Burlington, Vermont, in late 2016 after Lee decided to quit his career in sales management for a large corporation. After initially investing $300,000 and spending three years living on savings without receiving a salary, the business began to take off.

Lee currently employs 65 carers and posted double-digit profit increases in 2020 and 2021. But the franchisor changed ownership and began buying out franchisees to operate them privately. In 2022 it was rebranded as The Key, leaving the approximately 20 remaining franchisees, still known as Home Care Assistance, in limbo.

Lee said he still pays a 5% monthly royalty, but doesn’t receive the same support. The Key made an offer to buy the business, but it was well below market value, Lee said.

Key did not respond to a request for comment.

“They no longer have the staff to support us,” he said. “They’ve really dropped the brand.”

As with any business venture, franchisees need to be aware of what they are getting into.

Mario Herman, a Washington-based attorney who focuses on franchise litigation, said it’s important for potential franchisees to carefully review contracts to make sure nothing is obscured like previous bankruptcies or a lack of profitability.

Earlier this year, the Federal Trade Commission sued Burgerim, a franchiser of the Calabasas, Calif., burger chain, which it said tricked 1,500 people into paying $50,000 to $70,000 in fees to open restaurants. franchises without giving them enough information about the risks. Burgerim promised a refund if franchisees couldn’t open a restaurant but didn’t deliver, according to the complaint. Burgerim did not respond to a request for comment.

“If done right, (a franchise is) great, but you have to be extremely careful,” Herman said. “There are a lot of frauds out there.”

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Jury awards former MHP soldier $114,000, DOJ appeals | 406 Politics

August 6, 2022

Montana Mortgages

Comments Off on Jury awards former MHP soldier $114,000, DOJ appeals | 406 Politics

The Montana Department of Justice appealed a Park County case in which a jury found the department responsible for the early resignation of a Montana Highway Patrol trooper.

In May, a Park County jury awarded Shawn Fowler, who was hired as a Montana Highway Patrol Private in 2001, more than $114,000 after finding his supervisors had created an unreasonably hostile work environment by response to his professional performance during a DUI investigation in 2015.

Fowler sued the Justice Department and the Montana Highway Patrol in 2019 for wrongful discharge. He also sued the Montana Federation of Public Employees, the union for state employees, for failing to address his grievances against the agency.

The trial in May lasted four days. Fowler’s attorney, Karl Knuchel, said winning the jury meant showing that any reasonable person would have resigned under the terms his supervisors imposed on Fowler.

People also read…

Knuchel said Fowler brought the case, at least in part, to clear his name.

“I think Shawn did this more as a statement of his character and feeling like he was wronged by the department, even though he gave them 17 years of employment,” Knuchel said in a recent interview. .

The Department of Justice argued, however, that Fowler was subject only to the consequences of poor job performance and that the issues raised in Fowler’s complaints, such as scheduling, job duties and discipline, were at the discretion of the highway patrol in accordance with the collective agreement. with the MHP soldiers. Additionally, previous court cases have found employees covered by collective bargaining agreements to be excluded from wrongful dismissal claims, the DOJ argued.

A Justice Department spokesperson did not respond to a request for comment on the call before press time.

According to his initial filings in district court, Fowler’s fallout with the state began in 2015 when he investigated a hit-and-run in Sweet Grass County. Fowler issued multiple citations: leaving the scene of an accident, hit-and-run, reckless driving, and possession of drugs because he suspected the driver had used marijuana. Fowler obtained a blood sample from the driver, but did not cite them for a marijuana-impaired DUI because he was waiting for the state crime lab to do a blood test, according to the complaint. He did not make an arrest and the driver was allowed to leave.

Fowler’s initial decision not to cite the driver for a DUI would be the source of harassment, criticism and belittlement for years to come, according to court documents. Supervisors gave preference to the schedules of more junior soldiers, repeatedly questioned Fowler’s drug-fighting methods, withheld him from training conferences, and sent him a disciplinary letter for the incident of the Sweet Grass County in 2017, two years after the incident. In the spring of 2018, Fowler was disciplined again for failing to charge the suspect with a DUI, and he was removed from managing K-9 with the patrol.

The situation became ‘so intolerable’ that Fowler refinanced his mortgage and used the money to buy his remaining active duty so he could retire, rather than be fired by the Highway Patrol, court documents say. . In legal parlance, it’s called a “disguised discharge” and a Park County jury found in late May that the MHP had created an environment such that any reasonable person would also have quit.

Fowler had filed a grievance with the MHP near the end of his tenure with the Highway Patrol, arguing against a 2-day suspension and removal from K-9 duties. Then-Col. Tom Butler, the head of the MHP, denied the grievance, which would send the matter back to the union to decide whether to take the matter to arbitration. But the union’s board of directors, after reviewing the grievance, decided not to take the complaint to arbitration.

According to correspondence within the union regarding Fowler’s grievance contained in court documents, then-union director Quint Nyman summed up: “In a nutshell, he allowed a driver to leave the scene of an accident. … In discussing this issue with several soldiers, I was informed that they were surprised at the result and that he had not been fired.”

In its response to the lawsuit, the MFPE said the decision not to pursue Fowler’s grievance was in line with union policies. The union eventually settled with Fowler and was removed from the case.

The Justice Department sought to dismiss the case in district court, pointing out that Fowler’s grievance did not focus on the hostile work environment, but on the suspension and his K-9 duties. Because Fowler did not file a hostile work environment complaint through the union, he was barred from doing so in district court, especially after the 6-month statute of limitations set for disputes unions.

District Court Judge Brenda Gilbert rejected that argument in court proceedings, and the department appealed the dismissal to the state Supreme Court. Again, the High Court dismissed the state’s petition, but wrote that the Ministry of Justice was strictly prohibited from doing so until the normal appeal process, once the case was resolved by the court of district.

The Department of Justice filed its appeal on Thursday. The Risk Management and Tort Defense Division handles the case for the Department of Justice.

The program provides funding for internet access in rural areas

August 5, 2022

Montana Loans

Comments Off on The program provides funding for internet access in rural areas

GREAT FALLS — Internet access is something many of us take for granted. Because it is so critical but absent in parts of rural America, the United States Department of Agriculture has about 50 programs to help meet the need, including the Reconnect program.

“The internet is the electricity of the 21st century. We just have to have it,” said Kathleen Williams, USDA’s rural development director in Montana.

“A program that aims to help bridge the digital divide here in Montana and nationally by providing loans and grants to build, improve, or acquire facilities and equipment needed to provide high-speed Internet access in areas rural areas,” said Williams, describing the Reconnect Program.

Williams said in this fourth round of funding announced Aug. 4, more than $1 billion is available for projects nationwide.

“There’s up to $150 million in loans, then $300 million in a loan-for-grant combination option, then $700 million in grants,” Williams explained. “These funds come from the Rural Development of the Bipartisan Infrastructure Act.”

How beneficial can this funding be?

“(In) round three there was an area in south Bitterroot that is actually going to be serviced now. There is an area straddling the Montana and North Dakota border that is going to be serviced, as well as the Fort Peck Indian Reservation and adjacent areas,” Williams said.

State and local governments, businesses, tribes and cooperatives can begin applying September 6 for fourth-round funding.

A the workshop is available to help you with the application process or you can contact Peter Hawkes by phone at 208-339-1104 or by email at [email protected]

Williams said processing the award and distributing funds for any approved applications will likely take at least six months.


Cannabis coffee pods are coming to Missouri — Greenway Magazine

August 3, 2022

Montana Economy

Comments Off on Cannabis coffee pods are coming to Missouri — Greenway Magazine

This is the second partnership Missouri’s Own has formed with a non-cannabis company, following the recent launch of Twice Baked Red Hot. ripples with St. Louis-based chipmaker Old Vienna. Like the THC-infused chips, the cannabis-infused coffee pods are a first for Missouri.

“We couldn’t be more excited to partner with a local cannabis company dedicated to high-quality products,” Michelle said. Billonis, CEO of The Coffee Ethic. “We love that these products are sold at local dispensaries and boost our economy.”


Show-me Organics, based in Springfield, Missouri, is committed to bringing world-class cannabis products to Missouri patients. A product-driven, patient-focused company, Show-Me Organics is the parent company of brands like Vivid, Blue Sage Cannabis Company, and Buoyant Bob. For more information, visit


Long live combines the precision of modern science with traditional hash-making techniques, bringing products to Missouri that are at the forefront of cannabis innovation globally. Long live The wide range of products stems from the brand’s focus on different cannabis consumers and is based on the understanding that cannabis affects everyone differently. Learn more about


Missouri’s Own is an edibles brand from Vivid that launched in March. The brand celebrates Missouri’s vast botanical diversity with flavors inspired by locally grown fruits, such as papaya, raspberry, Concord grape and more. Missouri’s Own also celebrates the flavors of the state by partnering with locally loved brands to create cannabis-infused versions of iconic local foods.


The Coffee Ethic sources the highest quality coffees and is dedicated to the art and science of brewing. The mission is to serve everyone in the coffee community: growers, suppliers, vendors, customers, employees, our families and the community of Springfield. Founded in 2007, The Coffee Ethic aims to be a sustainable and enterprising company.