Asian Shares Most Fall After Mixed Trading on Wall Street | national news


Asian stocks were mostly down on Wednesday after major indices ended mixed on Wall Street.

Benchmarks fell in Tokyo, Shanghai and Taiwan, but rose in Sydney. The markets in South Korea and Hong Kong were closed for holidays.

The Bank of Japan kept its ultra-support monetary policy unchanged, as expected.

Investors are waiting to see the Federal Reserve’s latest assessment of the economy and are keeping an eye on struggling Chinese developer Evergrande, which is struggling to repay debt.

A late-afternoon buying explosion on Wall Street faded into the closing minutes of trading on Tuesday, leaving major stock indexes mixed. The S&P 500 ended down just under 0.1% and the Dow Jones Industrial Average was down 0.1%.

The Tokyo Nikkei 225 Index lost 0.6% to 29,665.42, while the Shanghai Composite Index fell 0.8% to 3,585.24. The Australian S & P / ASX 200 gained 0.5% to 7,310.10. Shares fell 2.4% in Taiwan and also fell in Singapore. But benchmarks have increased in Indonesia and Malaysia.

The 10-year Treasury yield edged up to 1.33% from 1.32% on Tuesday night.

The Federal Reserve is expected to send out its clearest signal yet this week that it will begin to curb its ultra-low interest rate policies later this year, the first step towards unwinding the extraordinary support it has provided. to the economy since the pandemic hit 18 months ago.

Wednesday’s Fed policy meeting could lay the groundwork for a November pullback announcement.

Global investors are also anxiously watching Evergrande, one of China’s largest real estate developers, facing a possible default of tens of billions of dollars in debt, fueling fears of possible wider shockwaves to the financial system. .

Chinese regulators have yet to say what they might do with the Evergrande group. Economists expect them to step in if Evergrande and lenders fail to agree on how to handle its debts. But any formal resolution is expected to result in losses for banks and bondholders.

On Tuesday, nerves appeared to stabilize after a massive sell-off on Monday.

The S&P 500 lost 3.54 points to 4,354.19, while the Dow Jones Industrial Average lost 50.63 points to 33,919.84. The Nasdaq composite rose 0.2% to 14,746.49.

Small business stocks also managed gains. The Russell 2000 Index rose 0.2% to 2,186.18.

Healthcare stocks led the winners on Tuesday. Johnson & Johnson rose 0.4% after reporting that a booster of its unique coronavirus vaccine provides a stronger immune response months after people received a first dose.

Several companies made solid gains after giving investors encouraging financial updates. Rideshare company Uber jumped 11.5% after telling investors it could post adjusted earnings this quarter. Equipment rental provider Herc Holdings rose 6.7% after a strong long-term growth forecast.

Supply chain issues, which have plagued a wide range of industries, have weighed on several companies. Homebuilder Lennar fell 0.5% after third-quarter home deliveries fell below analysts’ expectations due to supply chain issues.

Universal Music jumped 35.7% when it debuted on the Amsterdam Stock Exchange.

In other exchanges, benchmark US crude oil gained 54 cents to $ 71.03 per barrel in electronic trading on the New York Mercantile Exchange. He won 35 cents to $ 70.49 on Tuesday.

Brent crude oil, the standard for international prices, added 42 cents to $ 74.78 a barrel.

The US dollar climbed to 109.42 Japanese yen from 109.23 yen on Tuesday night. The euro was unchanged at $ 1.1726.

———

AP Business Writers Damian J. Troise and Alex Veiga contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Will every mortgage lender soon have a cash offer product?


Prior to the pandemic, with each new announcement apparently not starting a bidding war, Evergreen Home Loans was set to launch a cash bid program in Washington state.

An independent regional mortgage bank licensed in 10 western states, Bellevue-based Evergreen, prides itself on the level of service it provides to realtors – 70% of the company’s fixtures are purchase loans.

Founder and Chairman Don Burton is a former real estate agent who started Evergreen in 1987, with the goal of eliminating long delays and last-minute surprises in loans that can derail closures.

The CashUp by Evergreen program – in which Evergreen pays cash for homes on behalf of homebuyers and then provides ongoing financing when it transfers ownership to them – was Burton’s idea, said Tamra Rieger, chief operating officer of Evergreen.

Tamra rieger

Burton “is actively involved in the business every day, and it was his idea,” said Rieger. “He was a real estate agent before starting the mortgage company, and Evergreen’s goal has always been, ‘How can we help agents and add value to agents?’ “

Rieger oversaw a special product team at Evergreen which developed the CashUp program over six months. The team was preparing to launch the cash offers program in March 2020 when the pandemic struck.

“There was so much risk in the regular lending environment that we had to opt out of the CashUp program,” Rieger recalled. But, “Fast forward a year, and we’re getting through COVID and managing the risk pretty well.” So we started with a pilot launch in February.

A handful of Evergreen’s top loan officers – about 10 out of a total of 260 – have dedicated themselves to deploying the CashUp program in Washington state, she said.

Once homebuyers have been pre-approved, the CashUp program allows them to submit a cash offer without funding or unscheduled appraisals. If the offer is accepted, Evergreen purchases the home and transfers it to the buyer once its permanent financing is finalized.

“What’s exciting for the agent is that this is a guaranteed cash close,” says Rieger. “There is nothing that will derail the closure. I have respected the closing date each time.

Because Evergreen is a mortgage bank, it has the funds to not only buy homes for cash, but also to provide permanent financing directly to the buyer. That means it can close faster than cash offer programs that outsource funding, Rieger said.

“We have our own funds and we control the mortgage process,” Rieger said. We fully approve the buyer in advance for the cash offer and can close in as little as 10 days. “

The buyer’s mortgage is finalized after Evergreen purchases a home on their behalf. Because they have already been pre-approved, permanent funding ends quickly.

“About a week after closing with cash, I close the client’s financing” to buy the house at Evergreen, said Rieger.

Some large real estate brokerage firms cannot meet this deadline because they are relying on another lender to pay off their purchase in cash, Rieger said.

“I spoke to a real estate company that is setting up a cash offer program that asked for our help,” Rieger said. “Because they don’t have control over the mortgage process, it takes them 30 days from the time they close with their money for their client’s loan to close. It is too long.”

Develop in new markets

Evergreen, which partners with real estate agents to make the CashUp program accessible to more homebuyers, says the program was successful, leading him to expand the program beyond Washington State to Arizona and Idaho . A pilot program is operational in Nevada and Rieger hopes to launch it in California in October.

As Evergreen rolled out the program, “The good thing is that I was able to talk to everyone involved, including the buyer’s agent and the listing agent. Especially at the beginning, they wanted to talk to me to make sure it was real, ”said Rieger.

“I have received great feedback from agents that this is a real cash offer. The only contingency I have is on inspection, and I will accept seller’s inspection if Evergreen can verify that it was not produced by a related party.

Not all customers start with the CashUp program, Rieger said. But once a buyer has made several traditional offers on different houses, “you get a little discouraged when you don’t win the house.”

To help the CashUp program gain traction, Evergreen has tried to cut costs, she said. Evergreen charges a 1% origination fee at the close of the buyer’s loan, and other costs such as escrow, title and registration fees typically add up to around $ 1,400, Rieger said.

The CashUp program requires home buyers to use Evergreen for financing their permanent home. Evergreen’s goal is to help buyers get their offer approved, then provide them with ongoing financing, not make money on fees.

“A lot of the programs charge higher fees – I saw 2.3 percent,” Rieger said. “We are doing this to help our buyers win the home. We have really tried to keep CashUp attractive to the customer, so that the cost does not prevent them from using it.

When deciding in which market to deploy the CashUp program, it is necessary to take into account the property transfer taxes.

“When I close in cash, I own this house and the seller pays the property transfer tax. In the second step, I am the seller and I technically transfer ownership of Evergreen to the borrower, ”generating another transfer of ownership or excise tax, Rieger said.

So the easiest states to run a cash offering program are those that don’t have an excise tax, Rieger said. Then, she searches for states with lower transaction fees, such as Arizona, Idaho, and Montana.

Although closing costs in Washington state may be higher than in other states, Evergreen started CashUp there because that’s where the company is headquartered and “because probably 50 or 60 % of our transactions are done in Washington, ”said Rieger.

The long term goal is to make CashUp available in all states where Evergreen is licensed. So far, that’s 10 states: Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Texas, Washington and Wyoming

But Colorado, Texas and Montana are recent additions to Evergreen, which also plans to expand into other western states, Rieger said.

“We have a bit of a philosophy of knowing your market and going into states that are close to where you already do business, rather than going across the country across the country to somewhere like Florida,” said Rieger. “We’re out west and we’re moving east,” while continuing to add branches into Evergreen’s existing footprint.

Will each lender have a cash offering product?

If a licensed regional mortgage lender in 10 states can offer a cash offer product, does that mean each lender will eventually launch their own offer?

“I don’t know if this will be the mainstream, or if all the lenders will be able to do it,” Rieger said. “It might sound easy, but there is a lot of work to be done. I have a good training process and disclosures. But for a lender to create a product like this, I think it takes 6 months to build it, 3 months to pilot it, and you need a lot of resources to do it.

Rieger said any lenders who aren’t already working on launching a cash offering product could miss the boat.

“There is a time for this product. Right now it’s very popular and I’m happy we’re positioned where we are, ”said Rieger. “I think there is a window, and as more homes come on the market and more inventories are online, it’s likely that there will be less demand for a program like this.”

At the moment, stocks are still scarce in many markets, she said.

“We’re still seeing cash offers above the list price, multiple offers, and escalation,” Rieger said. “I think Evergreen was in a good position because we launched in February. If you are a mortgage company trying to launch this product now, you might miss your window.

Email Matt Carter


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Wall Street advances a day after the biggest drop since May | national news


Shares edged higher in morning trading on Wall Street on Tuesday, making up for some of the ground lost in a sharp pullback a day earlier.

The S&P 500 was up 0.2% at 10:13 a.m. Eastern time. The Dow Jones Industrial Average rose 135 points, or 0.4%, to 34,099 and the Nasdaq rose 0.2%.

Healthcare companies have helped drive the broader market up. Johnson & Johnson rose 1.2% after reporting that a booster of its single-injection coronavirus vaccine provides a stronger immune response months after people received a first dose.

Tech companies also made gains in a reversal from Monday when the industry collapsed.

The 10-year Treasury yield held steady at 1.31%.

European markets were also higher, and Asian markets mostly increased. Chinese markets have remained closed for a holiday.

The market liquidation on Monday was prompted in part by concerns about heavily indebted Chinese real estate developers and the damage they could cause if they default and spill over into the markets. This has added to a wide range of concerns hanging over investors, including the highly contagious delta variant as well as higher prices squeezing businesses and consumers.

Wall Street is also assessing the impact of the slowing recovery on Federal Reserve policies that have helped support the market and the economy. The central bank will issue a policy statement on Wednesday, which will be closely watched for any signals on how the Fed will ultimately cut its bond purchases that have helped keep interest rates low.

Several companies are making solid gains after giving investors encouraging financial updates. Rideshare company Uber jumped 7.7% after telling investors it could post adjusted earnings this quarter. Equipment rental provider Herc Holdings rose 4.9% after a strong long-term growth forecast.

Supply chain issues, which have plagued a wide range of industries, have weighed on several companies. Homebuilder Lennar slipped 1.4% after third-quarter home deliveries fell below analysts’ expectations due to supply chain issues. KAR Auction Services fell 1.2% after withdrawing its financial guidance for the year due to computer chip shortages that hurt the auto industry.

Universal Music jumped 37% when it debuted on the Amsterdam Stock Exchange.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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LBA Ware’s LimeGear Integrates With Experience.com To Turn Customer Satisfaction Scores Into Actionable Business Intelligence For Mortgage Lenders | national news


MACON, Georgia, September 21, 2021 (SEND2PRESS NEWSWIRE) – LBA Ware ™, a leading supplier of motivationcompensation management (GCI) and business intelligence (BI) software solutions for the mortgage industry, today announced its partnership with Experience.com, the world’s most impactful home Experience Management Platform (XMP), to provide customers with a dynamic means of tracking customer satisfaction as a Key Performance Indicator (KPI) in the LimeGear ™ BI platform from LBA Ware. The Customer Satisfaction KPI allows lenders to measure the customer experience as rated by borrowers, co-borrowers, real estate agents and other parties to a loan throughout the real estate financing journey and feed it into performance reviews of branches and individuals across the lending organization. .

“With this integration, our customers will have a more complete view of their organization’s performance through customer feedback,” said Lori Brewer, Founder and CEO of LBA Ware. “It’s not always easy to convert customer feedback into actionable data, but working with Experience.com, LBA Ware has found a way to not only standardize data, but also allow lenders to customize which data points to track and when to track them. With over 100 traceable KPIs available in LimeGear, lenders have the ability to pull together a data-driven view in almost any part of their organization.

The Customer Satisfaction KPI resides in LimeGear’s visually intuitive performance management dashboard. Because LBA Ware’s partnership with Experience.com tracks customer feedback surveys by loan number, lenders can link customer experience to performance dashboards for loan officers, processors, branches and more. As with other LimeGear KPIs, lenders can assign a relative weight to the customer experience metric as part of an overall performance score. Role-based dashboards provide an overview of how employees rank among their peers in terms of volume, units, and other configurable conditions.

“Almost all lenders deploy some sort of post-close survey to track customer satisfaction, but many don’t have a way of incorporating the results into business intelligence,” said Experience.com Senior Vice President of Partnerships Craig Pollack. “For lenders who currently measure the performance of loan officers and other team members solely on volume and profitability metrics, there is often a blind spot to including customer satisfaction as a traceable measure. This integration removes this blind spot and gives lenders a bird’s eye view of performance as well as the ability to refine future customer satisfaction surveys as the picture becomes clearer.

LBA Ware will be joined by Experience.com Vice President of Financial Services Kristin Messerli in LBA Ware’s upcoming webinar, The Myths That Stop Millennials Buying: A Data-Driven Focus to Grow Your Share of America’s Largest Homebuyer Market, Which takes place on October 6 from 1:00 p.m. to 2:00 p.m. ET. Registration is now open and mandatory to attend.

About LBA Ware ™:

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, drives performance and inspires results. Today, over 100 lenders of all sizes, including some of the nation’s most productive mortgage companies, use award-winning LBA Ware technology to enhance the lender experience and maximize human potential within their organizations. . The fastest growing private company of 2020 Inc. 5000, LBA Ware is headquartered in Macon, Georgia. For more information visit https://www.lbaware.com.

On Experience.com:

We believe experience is everything. Amazing experiences create customers for life, and the poor destroy brands and businesses. That is why Experience.com built the most impactful experience management (XMP) platform available anywhere, with features to drive operational and behavioral change, in real time, during the times that matter. XMP delivers impactful business results including increased customer satisfaction, brand loyalty, online reputation and visibility, as well as improved employee engagement and compliance, making every experience more important . Founded in 2015 and originally founded as SocialSurvey, Experience.com is headquartered in San Ramon, California, and is backed by SavantGrowth (fka Kennet Partners), Silicon Valley Data Capital, Tri-Valley Ventures, and Wilson Sonsini Goodrich & Rosati. For more information visit https://www.experience.com or call +1 (888) 701 4512.

Twitter: @LBAWare @ experience —— com #mortgagedata #digitalmortgage # pre-mortgage

NEWS SOURCE: LBA Ware

This press release has been issued on behalf of the Information Source (LBA Ware) which is solely responsible for its accuracy, by Send2Press® press wire. Information is believed to be accurate but is not guaranteed. Story ID: 75238 APDF-R8.2

© 2021 Send2Press®, a press release and electronic marketing service of NEOTROPE®, California, United States.

To see the original version, visit: https://www.send2press.com/wire/lba-wares-limegear-integrates-with-experience-com-to-turn-customer-satisfaction-scores-into-actionable-business-intelligence-for-mortgage-lenders/

Disclaimer: The contents of this press release were not created by The Associated Press (AP).

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Helena Food Share gives seniors an extra helping hand this week


HELENA – Every day of the year, Helena Food Share works tirelessly to make sure that no one in the community goes hungry. However, this week they will be giving an extra helping hand to a specific group, our seniors.

“That’s one in five seniors who may be at risk of being hungry at some point in the year or multiple times throughout the year,” said Bruce Day, executive director of Helena Food Share. “So we are focusing our attention on providing this resource. to the elderly who may have this need.

In partnership with the Rocky Mountain Development Council, Helena Food Share holds its Superior commodities program at six different times throughout the year. Through this initiative, they are providing enough boxes of food to help our seniors fill their pantries with cereals, juices and produce. According to Day, this kind of extra attention to the elderly is needed.

“It’s really important to make sure that the elderly have this opportunity because the elderly will often, you know, skip meals, or they’ll cut back on the amount of food they eat or they’ll go without it instead. than asking for help when they need food and don’t have the resources to support themselves, ”Day said.

If you or a loved one is interested in additional help, Food Share is distributing senior products on Monday, September 20.e 2:00 p.m. to 3:30 p.m. at their East Helena facility and Wednesday and Thursday, September 22 and 23 from 8:00 a.m. to 10:30 a.m.

“It’s a great program, we distribute here to Helena and East Helena, and Rocky also distributes to other locations in the tri-county area,” Day added.


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Stocks fall the most since May amid concerns over China, Fed | national news


Wall Street shares closed sharply lower on Monday, reflecting losses abroad and giving the S&P 500 Index its biggest drop in four months.

Concerns about over-indebtedness Chinese real estate developers – and the damage they could do to investors around the world if they default – has spilled over into the markets. Investors are also concerned that the United States The Federal Reserve could report this week that it consider withdrawing some of the support measures it gives to the markets and the economy.

The S&P 500 lost 75.26 points, or 1.7%, to 4,357.73, its biggest drop since May. At one point, the benchmark was down 2.9%, the biggest drop since last October. The S&P 500 was coming off two weeks of losses and is on track for its first monthly decline since January. The S&P 500 has lasted unusually long with no pullbacks of 5% or more.

The Dow Jones Industrial Average lost 614.41 points, or 1.8%, to 33,970.47. The blue chip index briefly lost 971 points. The Nasdaq lost 330.06 points, or 2.2%, to 14,713.90. The Hang Seng, Hong Kong’s main index, fell 3.3% for its biggest loss since July. European markets fell around 2%.

“What has happened here is that the list of risks has finally become too long to ignore,” said Michael Arone, chief investment strategist at State Street Global Advisors. “There is just a lot of uncertainty at a difficult seasonal time for the markets.”

Concerns about Chinese real estate developers and debt have recently focused on Evergrande, one of China’s largest real estate developers, which appears to be unable to repay its debts.

The fear is that a potential collapse there could set off a chain reaction in China’s real estate development industry and spill over into the wider financial system, in the same way that the Lehman Brothers failure ignited the 2008 financial crisis and the Great Recession. These real estate companies have been major engines of China’s economy, which is the second largest in the world.

If they fail to repay their debts, the heavy losses suffered by investors who hold their bonds would raise concerns about their financial strength. These bondholders could also be forced to sell other independent investments to raise funds, which could hurt prices in seemingly independent markets. It’s a product of how global markets have become tightly connected, and it’s a concept the financial world calls “contagion.”

Many analysts say they expect the Chinese government to prevent such a scenario, and that it doesn’t sound like a Lehman-type moment. Still, any hint of uncertainty may be enough to shock Wall Street after the S&P 500 has climbed almost uninterruptedly since October.

Besides Evergrande, there are several other concerns lurking beneath the generally calm surface of the stock market. In addition to the possible announcement by the Fed of a relaxation of the accelerator on its support for the economy, Congress might opt ​​for a destructive chicken game before allowing the US Treasury to borrow more money and the COVID-19 pandemic continues to weigh on the global economy.

Whatever the main cause of Monday’s market collapse, some analysts said such a drop was due. The S&P 500 hasn’t even seen a 5% drop from a high since October, and the almost unstoppable rise has left stocks more expensive and with less margin for error.

All the worries have prompted some on Wall Street to predict future stock declines. Morgan Stanley strategists said on Monday that conditions could ripen to cause the S&P 500 to fall 20% or more. They pointed to weakening buyer confidence, the potential for higher taxes and lower prices. ‘inflation to undermine corporate profits and other signs that the economy’s growth may slow sharply.

Even if the economy can avoid this worse-than-expected slowdown, Morgan Stanley’s Michael Wilson said stocks could still fall around 10% as the Fed cuts support for markets. The Fed is due to release its latest update on economic policy and interest rates on Wednesday.

Earlier this month, Stifel strategist Barry Bannister said he expected the S&P 500 to decline 10% to 15% in the last three months of the year. He cited the reduction in support by the Fed, among other factors. Bank of America strategist Savita Subramanian also set a target of 4,250 for the S&P 500 by the end of the year. That would be a 4.1% drop from Friday’s close.

Tech companies have led the market as a whole to the downside. Apple fell 2.1% and chipmaker Nvidia fell 3.6%.

Banks suffered heavy losses as bond yields fell. This impairs their ability to charge more lucrative interest rates on loans. The 10-year Treasury yield fell to 1.31% from 1.37% on Friday night. Bank of America fell 3.4%.

Oil prices fell 2.3% and weighed on energy stocks. Exxon Mobil fell 2.7%.

Small business stocks were among the biggest losers. The Russell 2000 lost 54.67 points, or 2.4%, to 2,182.20.

Airlines were among the few bright spots. American Airlines rose 3% to dominate all S&P 500 winners. Delta Air Lines rose 1.7% and United Airlines added 1.6%.

Cryptocurrency traders also had a rough day. The price of Bitcoin has fallen nearly 8% to $ 43,717, according to Coindesk.

Investors will have the opportunity to take a closer look at how the downturn has affected a wide range of businesses when the next round of corporate results begins in October. Strong earnings have been a key driver for stocks, but supply chain disruptions, higher costs and other factors could make it harder for companies to meet high expectations.

“The biggest strength in the market this year could become its biggest risk,” Arone said.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Debbie Steele named non-clinical employee of the month | Bandon Western World


BANDON – Debbie Steele brings a touch of cheerfulness to Southern Coos Hospital & Health Center during the holidays with her decorating skills. Her creative spark also travels to other areas of her life. She collects and sells antiques and collectibles and enjoys applying her skills and lending her collection for decoration.

“If anyone has any ideas, I have my shop at home with a lot of decorations,” Steele said. “If I get a creative spark, I do and I hope it doesn’t shock. It’s my way of giving back.

Steele was named the CHSHC Non-Clinical Employee of the Month for July. She has been working at the hospital since October 2010 and is a Patient Access III specialist in the Admission Department of Patient Access Services.

Over the years, Steele has excelled in a variety of positions, the appointment says. She was nominated because she “always goes extra miles for her patients and colleagues”.

“Debbie is extremely kind, patient, capable and very knowledgeable,” the appointment continues. “She is always ready to help with additional tasks and offers to lend a hand to help. Debbie is a gem in the workplace and a real asset to our team.

“You can always count on Debbie to be quick, professional, kind and to do things with a smile! “

Steele was born and raised in Coos Bay and graduated from Marshfield High School. She attended Southwestern Oregon Community College, then landed a job in finance for a company in Coos Bay, where she spent the next 20 years.

She retired from that company and then went to work at the CHSHC. In the meantime, Steele has helped set up the finances for another Coos Bay company.

In 2016, Steele started a few antique and collectible businesses, one at Vintage 101 and one at Leaf’s Treehouse, both in Coos Bay.

“It’s like a store within a store,” Steele explained. “I have a mishmash of everything.”

She buys and sells antiques as a hobby and has an eclectic collection, including items on rustic, western / farm, hunting and fishing themes. She also likes anything from the Victorian era. In each store, Steele categorizes merchandise by theme. She was especially thrilled recently when her husband found her an old wagon wheel that she has as part of her welcoming decorations for the entrance to her house.

Steele’s husband, Tom, has been a Gib’s RV salesperson for many years. Her son Cody Steele worked for approximately four years in the patient access and registration department of the SCHHC at the hospital switchboard, answering and transferring calls. Her desk is within earshot of her mother’s desk.

“He’s a good boy,” Steele said.

The Steele have another son, Ryan, who lives in Montana and has served in the US Navy and the Army National Guard. Ryan has two children, Trenton, 17, and Alia, 15.

Steele likes to stay busy so she doesn’t get bored.

“It’s fun,” she said of her work at the CHSHC. “I have a great boss (Cathy Mann). It’s interesting because I’m learning a lot of new things. It’s busy, and busy is good for me.

Steele also appreciates her colleagues, including Carolyn Randolph, Leslie Tucker, Jack Wood and Kelly Hultin who work with her in the commercial office, and Michelle Jurgenson, Chelsea Freitag, Brandie Lane and Abigail Carman in the admissions department at the main hospital. , where Steele replaces Laura Guzman, a family nurse practitioner at Southern Coos Health Center, is another person Steele enjoys working with.

Steele also owns an approximately 300-acre farm in Kansas that she has never seen, but inherited from her family. It is still a working farm, producing corn, wheat, milo and soybeans. Its agricultural roots run deep, as the family owned the farm in Kansas, as well as one in Pasadena, California, where they cultivated during the winters.

In his “free” time, Steele enjoys 4x4ing the sand dunes, camping, boating, and making short trips out of town to places like Eugene and Medford. But above all, she likes to “go out with the family”.

“My husband has seven siblings, so we do a lot of family things,” she said.

Steele also appreciates her work and working family at CHSHC.

“I like to learn new things and that’s good. I like new challenges.


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US Stocks Fall Amid Fears of Contagion in Chinese Real Estate | national news


Stocks slumped in morning trading on Wall Street on Monday in a broad sell-off that extends an already weak streak for major indices.

Concerns about debt-engulfed Chinese real estate developers – and the damage they could do to investors around the world if they default – are spilling over into the markets.

The S&P 500 fell 1.5% at 10:03 a.m. EST. The benchmark index has not fallen more than 1% since mid-August. It also just suffered two weeks of losses and is on track for its first monthly drop since January.

The Dow Jones Industrial Average fell 495 points, or 1.4%, to 34,086 and the Nasdaq fell 1.7%.

Tech companies have led the market as a whole to the downside. Apple fell 1% and chipmaker Nvidia lost 2.7%.

Banks suffered heavy losses as bond yields fell. This impairs their ability to charge more lucrative interest rates on loans. The 10-year Treasury yield fell to 1.32% from 1.37% on Friday night. Bank of America fell 3.1%.

Oil prices fell 1.3% and weighed on energy stocks.

Utilities and other sectors considered less risky have held up better than the rest of the market.

Concerns about Chinese real estate developers and debt have recently focused on Evergrande, one of China’s largest real estate developers, which appears to be unable to repay its debts.

Many analysts say they expect the Chinese government to prevent an explosion severe enough to cause cascading losses in the markets. But any hint of uncertainty may be enough to upend Wall Street, after the S&P 500 has surged higher almost uninterruptedly since October.

“While the Evergrande situation is in the foreground, the reality is that stock valuations are exaggerated and the market has enjoyed too long a pause from volatility and Monday’s stock declines are not surprising “, David Bahnsen, director of wealth investments. management company The Bahnsen Group said in a research note.

The Hang Seng, Hong Kong’s main index, fell 3.3% for its biggest loss since July. Many other markets in Asia have been closed for the holidays. European markets fell around 2%.

Investors are also watching the Federal Reserve’s reaction to shocks from the broader economic recovery. The central bank has indicated that it will eventually cut back on bond purchases, which has helped keep interest rates low. The timing of this move remains unknown.

The Fed is due to release its latest update on economic policy and interest rates on Wednesday.

Other investor concerns include a potentially messy political fight in Washington over the US debt ceiling. House Democrats said on Friday they plan to decide this week to suspend the government’s borrowing power cap, and the White House has stepped up pressure on Republicans by warning state and local governments that severe cuts were to come if the measure failed in the Senate.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Hong Kong stocks lead Asia down; Tokyo and Shanghai closed | national news


Shares fell more than 3% in Hong Kong on Monday in thinned trading during the Asian holiday, with other major markets in Tokyo and Shanghai closed.

Other regional benchmarks also fell after Wall Street ended last week with another drop.

Investors are watching to see if the Federal Reserve will take action to deal with the impact of rising prices on businesses and consumers.

Hong Kong real estate companies and banks lost ground amid lingering concerns about the potential spillover effects of Chinese developer Evergrande’s financial woes.

The company was expected to pay no interest as rating companies predict it could default on its debt.

The Hang Seng in Hong Kong was down 3.5% to 24,035.30 and the Australian S & P / ASX 200 was down 1.6% to 7,287.90. Markets were closed in mainland China, South Korea, Japan and Malaysia.

The Fed is due to release its latest update on economic policy and interest rates on Wednesday. The central bank said higher costs for raw materials and consumer goods will always be temporary as the economy recovers, but analysts fear higher prices will persist and hurt corporate results while slashing prices. expenses.

The yield on the 10-year Treasury bill slipped to 1.37% from 1.38% on Friday.

Shares closed lower on Wall Street on Friday, marking a weak end to a checkered week of trading. The S&P 500 Index lost 0.9% to 4,432.99, for its second consecutive weekly loss.

About 80% of the benchmark S&P 500 stocks fell and all sectors except healthcare were in the red.

The Dow Jones Industrial Average fell 0.5% to 34,584.88 and the Nasdaq fell 0.9% to 15,043.97.

The biggest bottlenecks in the market have been technology and communications companies.

The Russell 2000 Small Business Index recovered from an initial decline, rising 0.2% to 2,236.87.

Quadruple witchcraft, the simultaneous expiration of four types of options and futures, has contributed to market volatility. The phenomenon occurs four times a year and forces traders to sort out the details of the contracts they hold. More than 750 billion individual stock options were due to expire on Friday, McKnight said.

In Monday’s other trading, US benchmark crude oil fell 65 cents to $ 71.32 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, it fell 64 cents to $ 71.97 a barrel.

Brent crude, the standard for international prices, fell 57 cents to $ 74.79 a barrel.

The US dollar slipped to 109.90 Japanese yen from 109.95 yen. The euro fell to $ 1.1716 from 1.1731.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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India ended the last fiscal year with copper imports of 2,333,671 tonnes.

India’s copper import, which rose 26% to 60,766 tonnes in the June 2021-2022 quarter, is expected to increase further over the remainder of the year as economic activity continues to boom. COVID-related restrictions resumed, the International Copper Association said.

The country’s copper imports could reach 3 lakh ton as economic growth accelerates despite adequate domestic capacity to meet growing demand, he said.

“In the first quarter of fiscal 22, India’s copper imports increased by 26 cents to 60,766 tonnes, from 48,105 tonnes in the same period last year, even as the country was in the throes of a second wave of COVID with several lockdowns.

“Demand for the crucial metal, which is a key input for several sectors, is expected to increase further over the remainder of the year as economic activity sees a sharp recovery in COVID-related restrictions,” he said. he declares.

India ended the last fiscal year with copper imports of 2,333,671 tonnes.

With a growth of 26 to 30%, imports are expected to be in the order of 295,000 to 304,000 tonnes for the current fiscal year, the association added.

“It is disheartening to see imports increasing so sharply and other countries winning at our expense even though we have sufficient domestic production capacity to meet our domestic demand,” said Mayur Karmakar, director of the International Copper Association. .

“We are seeing a sharp increase in copper imports into the country. Even though the first quarter of this fiscal year saw several lockdowns and various restrictions imposed in several states due to the second wave of COVID, copper imports increased by 26%. compared to the same quarter last year, ”Karmakar said.

He said given strong demand from various sectors, copper imports could increase 30% year-on-year between July and March.

“With the economy opening up and foreclosure restrictions easing in most parts of the country, we are seeing a further surge in demand as manufacturing and other sectors gain momentum,” he added.

Significantly, India was a net exporter of copper for almost two decades before the closure of the Sterlite copper plant in Tuticorin, Tamil Nadu in May 2018.

In the same year, India became a net importer of copper for the first time. With increasing demand from various sectors, the import figure is expected to increase every year, although domestic production is hardly increasing.

According to the Ministry of Commerce, India generated net foreign exchange of US $ 1.1 billion from copper exports in 2017-18. However, after the closure of the Sterlite Copper smelter, India now experiences a net foreign exchange outflow of USD 1.2 billion due to copper imports each year.

In addition, India’s import of refined copper has benefited China to a large extent. Prior to the closure of the Tuticorin smelter, India exported copper worth US $ 2.1 billion to China in 2017. The same amount has sharply declined to just US $ 532 million in 2020. At the same time, copper exports to China from Pakistan and Malaysia increased by more than $ 2 billion from 2017 to 2020.

In other words, the suspension of operations at the Tuticorin smelter helped China reduce its import dependence on India by $ 1.5 billion.


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