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Dakota Business Lending is pleased to welcome Ann Peterson to its team. Based in the Fargo office, Peterson will assist the organization in all areas of SBA loans and will work to support many roles within the organization including business development, processing, loan structuring, compliance and service. . Originally from Southern Minnesota, Peterson brings with her over 35 years of business development and SBA 504 and 7 (a) lending experience, including 22 at a 504 certified development company like Dakota Business Lending. She joined the Dakota Business Lending team to help manage their portfolio, offer her expertise and improve their growing markets in Minnesota and Montana. She was drawn to the organization because of its mission to help small businesses and looks forward to working with their tight-knit team to provide these funding opportunities to everyone they serve. In his spare time, Peterson enjoys spending time with his family.

Founded in 1982, Dakota Business Lending is the oldest, largest and most experienced 504 CDC in North Dakota. With staff throughout North Dakota and Montana, Dakota Business Lending serves North Dakota, Montana and five counties in western Minnesota. The mission of this private, non-profit entity is to provide financing solutions to small businesses through collaborative partnerships in a supportive and creative environment that grows the economy and creates or preserves quality jobs. Since its inception, Dakota Business Lending has provided over $ 550 million in loans with a total project impact exceeding $ 1.2 billion to small businesses and local economies.

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Stock Indices Close Lower as Jobs Data Stirs Uncertainty | national news

Wall Street closed a wobbly trading day with a large drop in equities on Friday, after a weak employment report raised questions about the Federal Reserve’s timetable to reduce its immense support for markets.

The S&P 500 fell 0.2% after fluctuating between small gains and losses for much of the day. The modest drop ended a three-day winning streak for the benchmark. Despite that, he managed a 0.8% gain for the week, less than half of the index’s loss last week.

The Dow Jones Industrial Average fell 8.69 points, or less than 0.1%, to 34,746.25, while the Nasdaq composite slipped 74.48 points, or 0.5%, to 14,579, 54.

Wall Street reacted with uncertainty and disappointment to the highly anticipated September jobs report. US stocks fluctuated throughout the day, as did Treasury yields.

The 10-year Treasury yield climbed to 1.60% from 1.57% Thursday night after initially falling to 1.56% immediately after the jobs report was released.

Small business stocks fell more than the overall market. The Russell 2000 Index lost 17 points, or 0.8%, to 2,233.09.

Much of Wall Street assumed that the job market had improved enough that the Fed soon began to cut back on its monthly bond purchases meant to keep interest rates in the long term. Investors had also asked the central bank to start raising short-term interest rates at the end of next year. The current ultra-low interest rates have been one of the main forces pushing stocks to record highs.

But Friday’s jobs report showed employers created just 194,000 jobs last month, well below the 479,000 economists were expecting. Many investors still expect the Fed to stick to its timetable, but the numbers were low enough to at least raise the question of whether it could wait longer to cut its bond purchases or possibly raise short rates. term.

“The lack of jobs is not pretty – there is no way around it,” said Mike Loewengart, managing director of investment strategy at E-Trade Financial, in a statement. “And many may think that will cause the Fed to pause in terms of the reduction strategy. But the jury is out on how the market will interpret the data.”

Below the surface, the numbers don’t offer much clarity. The unemployment rate fell to 4.8% from 5.1%, and the government has revised upward the hiring figures of recent months. But last month’s hires were still the lowest since December 2020. Average wages also rose a little faster than expected compared to August, helping workers but adding to concerns about inflation.

“This gives the Fed a bit more leeway on cutting and tightening in general,” said Cliff Hodge, chief investment officer for Cornerstone Wealth.

Inflation remains a big concern for investors after hitting its highest level in at least a decade, in part due to booming supply chains as the global economy reboots after its pandemic-caused shutdown. These supply chain issues will be a key focus for investors as they review the next round of quarterly corporate financial reports.

“Profit season is really going to be the next catalyst for the market to figure out where to go until the end of the year,” Hodge said.

Rising energy prices also contributed to inflation, and benchmark US crude for November delivery briefly exceeded $ 80 a barrel early Friday. This is the highest the first-month contract for U.S. oil has been since 2014.

This helped push S&P 500 energy stocks up 3.1%, by far the biggest gain among the 11 sectors that make up the index. Exxon Mobil rose 2.8% and Pioneer Natural Resources 4.6%.

About three in five companies on the S&P 500 closed lower, with losses at tech and healthcare companies accounting for much of the decline. Citrix Systems fell 5.7%, while Bristol-Myers Squibb closed down 3%. Only energy stocks and banks recorded gains.

Friday’s choppy trading continues an already volatile run since the S&P 500 set its record on September 2. A rapid rise in interest rates and the prospect of less support from the Fed has forced investors to reassess if stock prices have risen too expensive. Concerns about rising interest rates have also combined with political unrest in Washington, DC.

The S&P 500 had four consecutive days until Tuesday when it alternated between a 1% gain and a 1% loss. In recent days, the market has been more stable amid relief that Congress appears to be delaying at least one disastrous default on US federal debt.

Overseas exchanges closed unevenly on Friday. In Europe, the German DAX lost 0.3% and the French CAC 40 fell 0.6%. London’s FTSE 100 rose 0.2%.

Asian markets were stronger. Japan’s Nikkei 225 rose 1.3%, South Korea’s Kospi added 0.6%, and shares in Shanghai gained 0.7%.


AP Business Writer Joe McDonald 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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Senate approves $ 480 billion debt ceiling hike after 11 Republicans join Democrats to advance vote

Hello. Welcome to FoxNewsFirst. Here’s what you need to know as you start your day …

Senate approves $ 480 billion debt ceiling increase after 11 Republicans join Democrats to advance vote
The senator decided Thursday night to approve a short-term increase in federal debt ceilings, ending a week-long standoff on Capitol Hill and avoiding defaults that could have caused a recession There is sex .

Democratic senators passed a $ 480 billion increase with a 50-48 simple majority vote. The final vote came after 11 Republicans joined the Democratic Party in a vote to call a fence, crossing the 60-vote threshold for obstruction.

Eleven Republicans who voted to authorize the bill were Senate Minority Leader Mitch McConnell, Minority Whip John Thune, John Konin, Lisa Murkowski, Sherry Muakapit, Richard Shelby, Rob Portman and others. They were Susan Collins, John Barasso, Mike Round and Robland. ..

The bill has now been submitted to the House of Representatives and lawmakers can consider it by next week at the earliest. The $ 480 billion increase is enough to fund the government until at least early December. Click here for more information on the best stories..

Other developments:
-LiveUpdate: Democrats, Republicans vote to raise debt ceilings for now
-Donald Trump demands deportation of McConnell after indebted Dems “Lifeline”: “Mitch is not a man”
-Deroy Murdock: Mitch McConnell collapses under Democratic debt limit lies
-Hannity is ashamed of the Democratic threat by “fully exploring the cave” Mitch McConnell: “Where is your spine?
-Some Republicans unhappy with McConnell’s Debt Capping Operation: “Full Restitution”

Florida mother receives standing ovation in Virginia after searching for ‘mass spill’ at public school
Florida’s mother Kisha King called for a “massive escape” from the public school system, arguing that school officials had left parents with no other option to combat leftist ideas.

His comments came at the Family Research Council’s annual prayer-voting booth summit on Thursday at the panel on “Tackling Nationwide Indoctrination.”

“I really think all we have to do now is get out of the public school system in droves, and that’s it,” King said. In response, she received a long applause and many onlookers stood up at an event in Leesburg, Virginia.

King had previously drawn public attention in June in a speech against Critical Race Theory (CRT). She works with the Moms for Liberty group. This is one of the many ideas that are fighting the CRTs and other ideas across the country.

His comments came amid turmoil over the Justice Department’s announcement that the FBI would investigate potential violence at a school board meeting. Attorney General Merrick Garland’s memo on this issue was concerning as it appeared to respond to a letter from the National Association of School Boards (NSBA) suggesting that authorities were facing a form of “domestic terrorism”. Caused. Click here for more information..

Other developments:
-Mother of Virginia, Indian immigrants fight the “targets” of the Department of Justice on the backs of their parents: they are “good people”
-The Virginia Board of Education sued her mother after the document was released “inadvertently and accidentally” at the request of FOIA.
-Butcher & Gonzales: Biden Justice Department ignores censored parents are sure to end badly
-Philadelphia mother says GM is “not threatened” by targeting his parents.

Gabby Petite’s family goes in search of Brian Laundry. He thinks this is the “missing part” of the puzzle
Brian Laundry has been on the run for weeks after his fiancée Gabby Petite was declared missing, and the Little ones believe he has the answer to what happened to his daughter.

Petito and Schmidt’s family sat in an exclusive interview with Fox News senior correspondent Laura Ingle, expressing displeasure with Laundrie’s ongoing search and hope for an answer.

“Just get settled in,” Petit’s mother Nicole Schmidt said of the laundromat. “As the days go by, it gets more and more frustrating. I don’t know what is taking so long.

Petito’s family want to find out that Laundrie is alive and be able to provide the missing answers related to the death of their 22-year-old daughter. Her mother admitted that the family believed Laundry “knew it all”.

“It’s a piece of the puzzle to find out what happened,” said Petit’s stepfather Jim Schmidt. “What happened there?” We don’t know until they find it. Click here for more information..

Other developments:
-Live update: Brian Laundry’s dad is empty in Florida park
-Who is Christopher Laundry, Brian Laundry’s father?
-The Gabby Petite Foundation is “in operation” to help parents “bring their children home”
-Hikers claiming to see Brian Laundry near Appalachian Trail say FBI “takes a lot of notes” during meeting

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To read today:
-Battlefield Democrats Blame President For Border Management And Socialist Spending
– California teenager shot dead in road rage incident in front of his terrifying uncle
-Montana Abortion Restriction Act blocked by state judges
-Astros, the Rays lead 1-0 in the ALDS series
-Matthew Stafford fights with finger injury, leading Rams to big win in NFC West

The latest information on FOX BUSINESS:
-Costco faces severe shortage of holiday basics
-Is Amazon about to leave Seattle?
-Why homeowners are seeing monthly mortgages and rising interest rates
-Democrats limit Biden plans, provide IRS with more information on bank accounts
-Prevent ads from appearing next to content that denies Google climate change

A few words of farewell

Tucker carlson Blasted President Biden Thursday night “Tucker Carlson tonight” Because the anger of France against the United States for having agreed to supply Australia with a nuclear submarine seems to be “fuzzy and confused” and “unconscious”.

“We asked the former Secretary of State, now our Climate Emperor John Kerry, what happened here,” Carlson said. “And his reaction was really simple. Like John Adams, Joe Biden didn’t know the French were upset. Now, unlike John Adams, the current president is on his cell phone. But he didn’t know it yet. Joe Biden didn’t know because he was in mental decline.

“So Kelly was invited by the French news channel to explain it all,” Carlson continued. “Why did the Biden administration separate France from the nuclear submarine deal with Australia?” And his reaction was tremendous. Joe Biden did this because he was absolutely unaware of the problem in the first place. He said. ”

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Senate approves $ 480 billion debt ceiling hike after 11 Republicans join Democrats to advance vote

Source link Senate approves $ 480 billion debt ceiling hike after 11 Republicans joined Democrats to advance vote

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Democrats still facing the limits of narrow majorities: the note

TAKE it with Rick klein

It’s a 2021 theme: Democrats are frustrated with fellow Democrats – and even see their own party members as obstacles to progress.

Right now, the Biden agenda is stalled due to political math problems that fall into two main categories: There are things Democrats cannot do even if they have 50 votes in the Senate. , and things they can’t do because they can’t get to 50.

The first category is why the wrangling continues over the debt ceiling and why any deal now will only delay the tough decisions ahead. This is also why voting rights reform has stalled, to cite just one example that is fueling progressive and even moderate calls to limit or eliminate filibuster.

The latter category is why progress is slow and frustrating on infrastructure and social spending bills. Senator Bernie Sanders can again complain about two senators with veto power out of 48 – and we can even see nuances of that argument creeping into what President Joe Biden is saying – but as long as those votes are needed to get to 50 is reality.

There is also another problem reflected in the numbers for Democrats. With three weeks to go before the final deadlines for the infrastructure bill and the social spending bill, Biden’s poll is not helping democratic unity.

A Quinnipiac University poll on Wednesday found that 55% of the public thinks Biden has not been qualified to run government – a government that, yes, is controlled by Democrats in Washington. This pushes Biden’s approval rating to new lows in the FiveThirtyEight Poll Tracking.

The past few months have been dominated by crises – in Afghanistan, at the border, over COVID-19, and in spending battles – that undermine the image of calm competence that characterizes Biden.

Partisan divisions have arisen in all of these areas and more. But Democrats continue to stand in the way of their disagreements over how to proceed.

The RUNDOWN with Averi Harper

The Department of Education has announced changes to the Public Service Loan Forgiveness Program that will affect approximately 22,000 borrowers.

The overhaul will give thousands of previously ineligible borrowers a student loan discount. The changes include an expansion of the types of payments included in the program and an appeal process to review past denials. With the new changes, the program is expected to cancel $ 1.7 billion in loans.

The changes come as the Biden administration works through intra-party bickering to adopt the Build Back Better plan, which includes a multibillion-dollar investment in higher education – in its current form at least.

The plan includes a free community college, increased Pell grants, and investments in HBCUs and other institutions serving minorities.

The initial price of the $ 3.5 trillion spending plan is expected to drop in hopes of attracting figures like the Senses. Joe Manchin and Kyrsten Sinema. It is a reality that even President Joe Biden has recognized.

But it is not clear whether the aforementioned investments in higher education will do the trick or if the ideas will be achievable in a lean plan.

The tip with Alisa wiersema

Gov. Greg Abbott expressed his condolences to the victims of the Timberview High School shooting from the border, where he and nine other Republican governors held a press conference on Wednesday to berate the Biden administration over immigration policy.

Abbott was joined by governors from Arizona, Georgia, Idaho, Iowa, Montana, Nebraska, Ohio, Oklahoma and Wyoming, some of whom took the mike to blame the president for the crime problems in their states which they believe stem from undocumented immigration. . Arizona Gov. Doug Ducey – who was among 25 other state leaders to sign a letter last month asking to meet with the president by this week – said President Joe Biden was turning away from Republican governors .

“We tried to meet the president and be part of the solution, but he refuses. No, worse, he ignores us, just as he ignores the border and the welfare of the American people,” Ducey told reporters. .

It remains to be seen whether Republican governors and the White House can open a working dialogue on one of the country’s thorniest issues, but immigration continues to loom over the president’s legacy. According to Quinnipiac, 67% of American adults disapprove of his handling of immigration and the situation on the Mexican border.


ABC News’ Start Here Podcast. The Thursday morning episode features ABC News legal analyst Kate Shaw on a temporary injunction from a federal judge to ban the application of Texas’ controversial new abortion law. Next, ABC News’s Anne Flaherty talks about the future of COVID-19 testing in the coming year. And, ABC News’s Kayna Whitworth reports on the Colorado River’s water scarcity and its impact on Arizona farmers. http://apple.co/2HPocUL


  • President Joe Biden receives the President’s daily briefing at 9:30 a.m. He will then depart for Chicago, where he will visit the Clayco construction site at 2:10 p.m. and comment on the importance of the COVID-19 vaccine requirements at 2:45 p.m. pm The President will return to the White House at 7.20 p.m.
  • The House Committee on Oversight and Reform will hold a hearing to assess the “audit” of elections in Maricopa County, Ariz., At 10 a.m.
  • The House agriculture committee will hold a hearing to review the state of the ranching industry at 12 noon.
  • Download the ABC News app and select “The Note” as the item of interest to receive the most in-depth political analysis of the day.

    The Note is an ABC News daily article that highlights the top political stories of the day. Please come back tomorrow for the last one.

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    A ship anchored near the pipeline made unusual movements | national news

    HUNTINGTON BEACH, Calif. (AP) – A huge freighter made a series of unusual movements while anchored at the closest spot to a Southern California pipeline that ruptured and sent crude stranded on the beaches, according to data collected by a marine navigation service.

    The Coast Guard is investigating whether a ship anchor may have snagged and bent the pipeline owned by Amplify Energy, a Houston-based company that operates three offshore oil platforms south of Los Angeles.

    The Associated Press has examined more than two weeks of data from MarineTraffic, a navigation service that tracks radio signals from transponders that broadcast the locations of ships and large boats every few minutes.

    These data show that the Rotterdam Express, a German-flagged vessel nearly 305 meters in length, was assigned to the SF-3 mooring, the closest to where the pipeline ruptured off Huntington Beach. The vessel made three unusual movements over two days that appear to put it above the pipeline.

    In a statement to AP, Hapag-Lloyd, the shipping company that operates the Rotterdam Express, denied any role in the oil spill.

    A US official told AP on Wednesday that the Rotterdam Express had become the focus of the spill investigation. The official warned the vessel was just an ongoing lead in the investigation, which is still in its early stages.

    Investigators are looking to collect tracking and navigational information from the vessel that could help them identify its exact movements, the official said. They are also looking for preliminary interviews with at least some crew members.

    The official was unable to publicly discuss the investigation and spoke to the AP on condition of anonymity.

    Petty Officer Steve Strohmaier, a spokesperson for the Coast Guard, declined to comment on the Rotterdam Express, but said the agency was scanning its vessel traffic service’s electrical mapping systems to see which ships were anchored or were moving through the spill area.

    Data from MarineTraffic shows that the Rotterdam Express arrived outside the port of Long Beach in early September 22 and anchored about 2,000 feet (610 meters) from the pipeline.

    The next day, at around 5 p.m., data from the vessel’s locator beacon indicated that while anchored, she had suddenly moved thousands of feet to the southeast, a track that would have brought her to- above the pipeline resting on the seabed approximately 100 feet (30 meters) below. The vessel then appears to have engaged its engines to regain its anchorage approximately 10 minutes later.

    The vessel then moved again around midnight and a third time shortly before 8 a.m. on September 23, each time returning to its assigned anchorage, according to its online whereabouts data. The Rotterdam Express remained at point SF-3 until Sunday, when it entered the port to unload.

    The first report of oil in the water near the pipeline was made on Friday evening. Amplify said the pipeline was closed early Saturday morning, but did not say how long it believed oil had been flowing from it.

    Amplify CEO Martyn Willsher said Tuesday that divers had determined that a 4,000-foot (1,219-meter) section of the pipeline had been dislodged 105 feet (32 meters), bent like the rope of a bow. Oil escaped through a thin crack.

    The amount is not clear. Amplify publicly stated that there was no more than 126,000 gallons (98,421 liters) of leakage, but told federal investigators it was only 29,400 gallons (11,129 liters).

    AP first contacted Hapag-Lloyd on Tuesday evening, seeking an explanation for the vessel’s movements on September 22 and 23.

    Nils Haupt, a spokesperson for its headquarters in Hamburg, Germany, denied in an email on Wednesday that the ship had ever left the anchor at point SF-3 during that time. He stated that the transponder data displayed by MarineTraffic is incorrect.

    “We have proof from the logbook, which is updated hourly, that the vessel has not moved,” Haupt said. “MarineTraffic in this case is false and the position is indeed incorrect.”

    Haupt said Hapag-Lloyd will cooperate with any investigation.

    On Wednesday morning, AP sent an email containing a screenshot of the movements of the Rotterdam Express, as reported on MarineTraffic, to the Joint Information Center of the Unified Command for state and federal agencies responding to the oil spill. Chief Petty Officer Lauren Jorgensen said the command was unable to discuss matters involving an ongoing investigation.

    Nikolas Xiros, professor of marine engineering at the University of New Orleans, said it would be highly unlikely for data from a ship’s transponder, which operates through a global network called an automatic identification system, to be lagged. of several thousand feet.

    “AIS carriers are very precise and the whole system is also very precise,” Xiros said after examining the Rotterdam Express locator track. “I think the ship has probably moved, that’s what I think. And with the anchor down, which was a big deal.

    Xiros, who spent more than two decades teaching maritime navigation and electronics to future captains and crews of ships, said the only alternative explanation he could think of was that someone had hacked into the AIS system to make appearing the Rotterdam Express moving or that the ship’s transmitter somehow detached from its mast, fell into the water and drifted before being picked up by the crew, and then detach it two more times.

    Xiros said he could not provide any reasonable explanation as to why the ship could have strayed so far from its assigned station. The records show relatively calm weather and seas on the days in question.

    “There is a series of peculiar things and everything that needs to be explained,” Xiros said. “It could very well be some sort of accident, but not necessarily human error. We’ll have to see. But… I think the most likely explanation is that the ship with the anchor down went back and forth and maybe damaged the pipeline.

    If a ship’s anchor becomes entangled with an underwater obstacle such as a communications cable or an oil pipeline, the operator is required by federal law to notify the Coast Guard. The locations and movements of vessels are also regularly monitored by AIS and radar, according to the Coast Guard.

    Xiros said if he investigates the cause of the oil spill, he will seek to examine digital logs for locate and engine operations aboard the Rotterdam Express.

    According to data from MarineTraffic, the ship left Long Beach on Monday for the Port of Oakland, where it was moored at a dock Wednesday evening.


    Associated Press writer Michael Blood in Los Angeles contributed to this report.


    Follow AP investigative reporter Michael Biesecker on http://twitter.com/mbieseck


    Contact the AP Global Investigation Team at [email protected]

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    Crapo, Risch and Western Caucus members unveil conservation master plan

    06 October 2021

    “Western Conservation Principles” to serve as an alternative to President Biden’s “30 by 30” initiative

    Washington DC–U.S. Senators Mike Crapo and Jim Risch (both R-Idaho) joined members of the Senate Western Caucus and members of the Congressional Western Caucus in revealing a holistic and results-oriented conservation proposal titled “Principles of Conservation from West “. The proposal, which serves as an alternative to the Biden administration’s “30 by 30 initiative” and America the Beautiful report, is a blueprint for responsible and effective conservation supported by rural communities across the United States.

    “We have the responsibility to preserve, maintain and improve our natural environment”, Senator Crapo said. “The best policies for solving environmental problems must be science-based, protect our quality of life, and deliver the greatest benefit to both the environment and people without unintentionally harming our economy. The results of a locally driven collaborative and consensus approach are better for the environment and Idaho’s natural resource-based economies.

    “Idahoans know all too well that those who live and work on the land are more invested in its conservation than anyone else,” said Senator Risch. “Conservation can work in tandem with – and not in opposition to – our agricultural and natural resource industries. These Western principles provide common sense insight into how we can conserve our natural environment and our Western way of life. ”

    Members of the Western Senate Caucus leading the introduction include Senators Steve Daines (R-Montana), John Barrasso (R-Wyoming), Cynthia Lummis (R-Wyoming), James Lankford (R-Oklahoma), Jerry Moran (R-Kansas), Mitt Romney (R-Utah), John Hoeven (R-North Dakota), Deb Fischer (R-Nebraska), John Cornyn (R-Texas) and Dan Sullivan (R-Alaska).

    The Western Conservation Principles were introduced with the support of Congressional Western Caucus Chairman Dan Newhouse (R-Washington), Vice-Chairs Kevin McCarthy (R-California), Bruce Westerman (R-Arkansas), Pete Stauber (R-Minnesota) ), John Curtis (R-Utah), Doug Lamborn (R-Colorado), Chris Stewart (R-Utah), Liz Cheney (R-Wyoming), Mark Amodei (R-Nevada) and Garret Graves (R-Louisiana) as well as Western Caucus Member Representatives Mariannette Miller-Meeks (R-Iowa), Ken Calvert (R-California), Yvette Herrell (R-New Mexico), Cathy McMorris Rodgers (R-Washington), Blake Moore (R-Utah) , Adrian Smith (R-Nebraksa), Tom Tiffany (R-Wisconsin), Jay Obernolte (R-California), Mike Bost (R-Illinois), Ralph Norman (R-South Carolina), David Joyce (R-Ohio) , Brian Babin (R-Texas), Rick Crawford (R-Arkansas), Cliff Bentz (R-Oregon), Kelly Armstrong (R-North Dakota), Fred Keller (R-Pennsylvania) and David Valadao (R-California) .

    Western Conservation Principles have been endorsed by the following groups: American Exploration and Mining Association, American Farm Bureau Federation, American Forest Research Council, American Sheep Industry, Family Farm Alliance, National Association of Counties, National Cattlemen’s Beef Association, National Endangered Species Act Reform Coalition, National Mining Association, National Stone, Sand, and Gravel Association, Public Lands Council and Western Energy Alliance.

    To read the Western Conservation Principles, Click here.


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    Junior Achievement of the Upper Midwest returned $ 1.2 million grant to Otto Bremer Trust, CEO testified – Twin Cities

    Taking the witness stand on Wednesday in Ramsey County District Court, a nonprofit executive was brought to tears as she described how a major donor was trying to get her hands on day-to-day operations.

    When Sara Dziuk, General Manager of Junior Achievement of the Upper Midwest, called Brian Lipschultz on the phone last month, she remembered he was openly pissed off – even though he didn’t ask for a refund of $ 1, $ 2 million in grants.

    The Otto Bremer Trust was a long-time major funder of the St. Paul-based nonprofit association and its work with students and aspiring entrepreneurs. Lipschultz, a director of Otto Bremer, made it clear that he was unhappy that Junior Achievement failed to contact the governor’s office to advocate for philanthropy, which has been the subject of state scrutiny since ‘he was sued by Bremer Bank officials at the end of 2019.

    Dziuk said Lipschultz was “very angry and very frustrated” that Junior Achievement was planning to honor Bremer Financial Corp. Chairman of the Board, Ron James, at his virtual “Hall of Fame” event on September 30. .

    S. Brian Lipschultz, administrator of the Otto Bremer Trust, testifies at a hearing in Ramsey County District Court in St. Paul on Wednesday, October 6, 2021. The office of Minnesota Attorney General Keith Ellison is seeking to dismiss and replace the three directors of the Otto Bremer Trust, claiming that they are guilty of “proprietary trading” and should be removed from their post as head of one of the oldest charitable foundations in the State. The St. Paul-based foundation distributes over $ 50 million in charitable grants and loans each year. (John Autey / Pioneer Press)

    The allotment was planned despite the fact that the board of directors of Bremer Financial took legal action against the trust, the bank’s parent company, after the trustees attempted to sell controlling bank shares to 11 banks east coast and 19 hedge funds.

    Honoring James sounded like betrayal, and the impact was “catastrophic,” said Dziuk, Lipschultz recalls. She paused to wipe away tears before recounting how she had never been intimidated to such a degree by a donor. “He spoke of my ignorance in the process.”


    The meeting, Dziuk said, mirrored a similar phone call with Lipschultz in November 2020, in which he reminded her that “directors would be in power for a very long time” and that Junior Achievement would have to use his Hall of Fame event to be ” raising them as a partner.

    The phone calls sparked discussions between Dziuk and the Junior Achievement Executive Committee, as well as with Bremer Bank President Jeanne Crain.

    “I shared the risk of losing our foundation’s support,” said Dziuk, who arrived in court Wednesday, represented by former Minnesota attorney general Mike Hatch, as personal counsel.

    Sr. Brian Lipschultz, right, administrator of the Otto Bremer Trust, testifies at a hearing in Ramsey County District Court, Judge Robert Awsumb, left, in Ramsey County District Court in St. Paul Wednesday October 6, 2021. Minnesota Attorney General Keith Ellison’s office seeks to remove and replace the three directors of the Otto Bremer Trust, saying they are guilty of “self-dealing” and should be removed from their positions at the head of one of the oldest charitable foundations in the state. The St. Paul-based foundation distributes over $ 50 million in charitable grants and loans each year. (John Autey / Pioneer Press)

    The association has decided to turn the tide.

    On September 21, following a 30: 1 board vote, Junior Achievement officials sent Otto Bremer Trust a letter stating that they had decided to return a 1 student entrepreneurship grant. , $ 2 million to philanthropy, because “we don’t think an ongoing relationship aligns with the expectations of either organization.


    Dziuk’s testimony represents the latest entry in a catalog of evidence presented by the office of Minnesota Attorney General Keith Ellison as evidence that the three directors of the Otto Bremer Trust are guilty of “self-dealing” and should be dismissed as head of one of the oldest charitable foundations in the state.

    During his cross-examination of Dziuk, however, trust attorney Mike Ciresi noted that his conversations with Lipschultz – and his refusal to contact the governor’s office on behalf of the trust in 2020 – had never cost the association’s grant of $ 1.2 million, nor any previous grant. or loans. Lipschultz also did not explicitly ask the nonprofit to revoke its Hall of Fame honor of James, the chairman of the board of Bremer Financial.

    “You would agree that in that call of August 25, Mr. Lipschultz never threatened you or Junior Achievement, did he?” said Ciresi. “He didn’t ask for the refund. He didn’t say anything about funding on August 25, did he? Zippo. Nothing. … That’s all he said, “Correct the situation. “

    The 77-year-old trust was founded by philanthropist Otto Bremer after the Great Depression, with the intention of distributing dividends from its main asset – the Bremer Bank – to charities in Minnesota, Wisconsin, North Dakota and Montana. The St. Paul-based foundation distributes over $ 50 million in charitable grants and loans each year.


    The three directors – all descendants of Bremer’s closest advisers and their handpicked successors – have defended their attempts to sell Bremer Bank, which they say would allow philanthropy to increase its charitable giving.

    They argue that a non-binding takeover bid increased the bank’s market value from $ 1 billion to $ 1.8 billion, forcing philanthropy to distribute more of its assets to beneficiaries according to the rules. of the Internal Revenue Service. This could, in theory, eat away at Bremer Bank’s liquidity.

    They also accused the bank’s board of acting in their own interests to save their own jobs. A possible bank sale sparked interest in 2019 from Huntington Bank, BMO Harris Bank and Old National Bank.

    Even some of the directors’ critics acknowledged that a bank sale would align the foundation with other philanthropic organizations across the country, such as Ford and Kellogg, which have long had to part ways with the private companies that made them famous.

    Wednesday marked the eighth day of probate testimony before Ramsey County District Judge Robert Awsumb, after some eight months of investigation and depositions from the attorney general’s office and a year of court applications. The hearing of evidence, which has yet to start calling defense witnesses, will resume on Monday.

    Lipschultz spoke for about an hour at the end of the day, answering questions from Carol Washington, director of the Attorney General’s charities division, about the work he did for his side business, the company of Eagle Street Partners private equity, during hours of trust. and using trusted resources.

    Lipschultz has reimbursed the trust $ 1,800 for the use of office space and the time of his administrative assistant since 2017, but he admitted on the witness stand that he had been involved with Eagle Street since he started at the trust in 2012. He did not pay the trust for his own working hours because he did not keep track of the number of hours per day spent on trust activities.

    “I am a 24/7 administrator,” he said. “I don’t think there ever comes a time when I’m not a director. “

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    Retzlaff to lead PRMG branch in Choteau | New

    Paramount Residential Mortgage Group Inc. (PRMG) has opened a branch in Choteau at 301 Main Ave. N., where Credit Officer Angela Retzlaff will see residential mortgage clients by appointment.

    She can be reached at 406-215-9760 in the office or 406-590-6448 on her cell phone. It can be emailed to [email protected] and has a website at AngieRetzlaff.com.

    Credit Officer Angela Retzlaff is eager to meet new clients who need residential mortgages to buy a new home, buy a principal home or purchase an investment property.

    PRMG was named one of America’s Top 100 Mortgage Companies for 2020 and named America’s Top 50 Mortgage Companies to Work For.

    According to the company’s website (www.prmg.net), since 2001, PRMG continues to be one of the top 25 lenders in the mortgage industry. As a private mortgage banker and residential housing lender, PRMG has successfully helped many borrowers purchase and refinance their homes across the United States.

    The company’s goal is to provide clients with a “path” to more consumer-centric businesses and modern lending technology. This includes innovative products and cutting edge customer service levels.

    When the company first opened, there were three people dedicated and committed to helping the business grow. Today, PRMG employs more than 3,000 people and has more than 230 branches across the United States.

    PRMG is known for its unique corporate culture, acquired over time. The company affirms that its work environment is relaxed and made up of highly motivated and competent professionals, endowed with a team spirit and strong fundamental values.

    The company offers career development and advancement opportunities to employees at all levels. In addition, PRMG offers excellent benefits and competitive compensation, according to the company.

    PRMG Agency

    Paramount Residential Mortgage Group Inc.’s Great Falls office has opened a branch in Choteau at 301 Main Avenue N.

    PRMG is headquartered in Corona, California. In Montana, the company has offices in Bozeman and Great Falls, and the Choteau office is considered a branch of the Great Falls office.

    Retzlaff was born and raised in Crandon, Wisconsin, but has local ties to Choteau.

    “My grandfather, Pete Baumgartner, moved here many, many years ago,” she said. “My first visit to Choteau was with my mother, Helen Bishop, in 1985 to visit my grandfather. My mother then moved to Choteau about 25 years ago, where she met and married my stepfather, Randy Bishop. I also have a brother Jonathan Hauser, a sister Jennifer Hauser, a half-sister Alyssa Bishop as well as nieces and nephews who live here.

    Retzlaff said she has been here several times over the years and has always loved it. “There is such honest friendliness in this community that I haven’t seen anywhere else,” she said.

    She has a 27-year-old son, Jassie, who still lives in Wisconsin. She enjoys hunting, fishing and rock hunting.

    Before working at PRMG as a loan officer, she worked for 18.5 years in a credit union in Crandon. She had initiated mortgage loans there since 2014.

    Retzlaff is just a few courses away from graduating from his Bachelor of Science in Business Administration from the University of Wisconsin at Platteville, but has had to put it on hold for now.

    Retzlaff said PMRG offers a wide variety of mortgages for the purchase or refinance of primary residences, second homes and investment property. “We have a lot of loan programs available,” she said. “Some of the options are conventional, the Veterans Administration, Federal Housing Administration, US Department of Agriculture, jumbo and alternative options, such as bank statement loans for independent borrowers or investor cash flow for l ‘purchase and refinancing of investment property. “

    She is the only employee at the Choteau branch and there are two employees in the Great Falls office. PMRG is licensed to make loans in 48 states.

    Retzlaff said his customer base will include anyone looking to buy or refinance a home or investment property.

    PRMG offers a home loan and charitable benefits program to employees of participating businesses. There is no participation fee for the company or the employee.

    This program can provide employees with below-market mortgage financing as well as the ability to donate to a trusted charity of the company’s choice. Under this employee program, the company will receive additional benefits, including credit from the lender and a percentage of the real estate agent’s commission for closing costs; a donation of up to $ 1,000 on behalf of the employer to a designated charity; a dedicated VIP team; discounted interest rates and closing cost credits.

    “Please contact me to find out more,” she said. “It’s a great way to give back and show your appreciation to your employees. “

    She said her short-term goal was to make the community aware that she was here and able to help. “I am available to help with a purchase, refinance, or answer any questions regarding mortgage options, credit requirements and credit improvement. I am also delighted to be able to meet more people from the region, ”she said.

    Longer term, she said she wanted to be able to help as many people as possible achieve their dream of owning a home.

    “I want to get involved in Choteau and the surrounding communities,” she said. “I would like to see more housing options available in the community.

    Retzlaff started meeting people by joining the Choteau Chamber of Commerce.

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    Judge: Mediator to Sort Claims in Florida Condo Collapse | national news

    Hoping to avoid a bitter and protracted battle for victims’ money, a judge said Wednesday that a mediator would be appointed to settle claims arising from a Florida condominium collapse that killed 98 people.

    The intention is that an agreement be made on the distribution of the proceeds from the planned sale of the Champlain Towers South site in Surfside, Florida, as well as insurance payments and any lawsuit proceeds.

    “I want this to start,” Miami-Dade circuit judge Michael Hanzman said at a hearing. “The last thing I want to see is the victims fighting over the (money) allowance. It would be a shame.”

    Several lawyers have compared the Florida collapse to the difficult task of placing a value on human life over property losses and other claims after the 9/11 terrorist attacks. This process, overseen by attorney Kenneth Feinberg, has now become the Netflix movie “Worth” starring Michael Keaton as Feinberg and is based on Feinberg’s own book.

    “What is life worth?” Keaton, like Feinberg, says in an opening scene. “The answer is a number. And that’s the job.

    The 12-story oceanfront Champlain Towers South condominium collapsed without warning in the wee hours of June 24, burying victims and property in a pile of tangled rubble. The cause has not yet been determined, but the building needed millions of dollars in critical structural repairs before it fell.

    The site, at just under 2 acres (0.8 hectares), is already the subject of a $ 120 million sales contract. The property will be auctioned off to see if there are other interested buyers who could pay more.

    Still, there probably won’t be enough to fully compensate everyone for their losses. The mediator, once appointed, would be responsible for reaching a fair deal for all victims, lawyers said.

    “We will work very hard to achieve this,” said Ricardo Martinez-Cid, one of the lawyers representing victims of wrongful death. “I hope it will be in the best interests of all victims.”

    Hanzman said he was contacting Miami attorney Bruce W. Greer, who has extensive mediation experience, to deal with the case. Greer did not immediately respond to an email on Wednesday asking if he would accept.

    “It’s going to be long and difficult,” Hanzman said. “This is one of those situations where you’re going to have to compromise.”

    One outcome that all parties hope to avoid is forcing condo owners to pay an appraisal to cover claims in excess of the money available through the sale of the property, insurance, or legal payments. Florida law appears to require it, but it is not clear whether this applies to this disaster, court-appointed receiver Michael Goldberg said.

    “It can apply. I’m not absolutely sure, ”Goldberg said. “If this applies, it can have a significant impact. “

    Another potential source of money comes from state or federal governments. Talks are underway on issues such as remission of property taxes, mortgages and other forms of compensation.

    Hanzman reiterated that victims’ claims are likely to far exceed the amount of money available.

    “These people are going to end up with significant shortfalls,” said the judge, adding that he wanted to avoid a protracted legal battle. “Everyone who has suffered a loss here is a victim. Everyone will have the right to be heard.

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

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    There is no substitute for hard work

    America has a rich and intriguing history. The first settlers who arrived in the west, in places like California, Oregon and Utah, were hard workers who tamed the rugged and dry “Great Basin”. For many years, the states of Utah, Wyoming, Idaho, and Montana had small populations. But recently, they were discovered for their great outdoors, great recreational opportunities, and wonderful lifestyle. Bob Harrington, entrepreneur and author, grew up in the shadow of the Wasatch Mountains in beautiful Salt Lake City. He spent his childhood there and led a rich and active life in the valley and the mountains. From his youth, he developed the determination to succeed. Harrington’s work ethic that came from his parents’ heaviness has served him well throughout his life. While not the sharpest knife in the drawer, his hard work has paid off.

    Work has been a big factor in his life. It brought him a sense of satisfaction and contentment. He opened up many opportunities and paved the way for a wonderful life. He has learned that work never hurts anyone and that it brings a certain sense of satisfaction and fulfillment. His grandfather said: “Work hard, remember that you only have to work half a day. Choose the twelve hours you want. “Hard work will always pay off.

    • Blessed with a supportive family

    Harrington grew up in a supportive family who gave him the confidence that he could achieve whatever he wanted. He has three wonderful sisters, all of whom are capable and independent women. Harrington continued his education and graduated from the University of Utah with a degree in Philosophy. In his last days at college, he met the woman of his dreams. After graduation they moved to Scotland where his wife was a teacher and he pursued higher education. They were soon expecting their first child and returned to Utah to study law at the University of Utah. Harrington’s life is now devoted to his four wonderful children, who have all been very successful, and his many grandchildren who bring him great joy.

    Harrington practiced law for some time and was involved in the real estate industry. His background included the development of storage centers, housing estates, a first class hotel, land and custom homes in Park City, Utah. The Harringtons lived in Park City for eleven years. Harrington describes those years; “Like some of the happiest years of our lives. The family, three girls and a boy, often skied, played golf and tennis, and enjoyed all the fun times in the small mountain town. “

    • Diversify the professional portfolio

    Harrington’s entrepreneurial background includes two Airborne Express franchises in Denver and Phoenix, several Minute Lube stores in San Diego, office warehouses in St. George, subdivisions in St. George and Park City, Utah. In addition, he owned and operated a large mortgage brokerage firm in Salt Lake, southern Jordan, Orem and Ogden, Utah; as a lawyer he signed thousands of title insurance policies for these mortgages; he worked with a partner to create a real estate fund that provided millions of dollars in financing for more than sixty-two deals in most of the western states. He continues to complete small-scale land and real estate transactions in the greater Salt Lake City area.

    COVID-19, a time of uncertainty for many, has caused the world to go on lockdown. While many were wasting their time watching the series, Harrington took the time to write several books. Death in the Promised Land, his first book, tells the story of JD Beck, a lawyer, former marine and former prosecutor, who, as fate wills, found two escapees in his office. This encounter led to the disclosure of a huge criminal scheme that Beck risks his life to crush.

    The case concerns international money laundering, the storage of illegal ‘hot’ nuclear waste and a giant corrupt business that kills anyone who gets in their way. Beck risks his life and that of his small team to unravel the massive corruption that has invaded his state.

    Dedication, strong work ethic and desire for success in life led Harrington to explore many professional experiences. While working in business, he decided to explore his abilities as an author. Her efforts and concern for work and family reflect her lifestyle and personality. Harrington makes sure every moment is worth it, both in his professional and personal life. Working towards a better future, Harrington manages to enjoy life to the fullest.

    Although Bob has built a financially stable life, he still takes time for his family. Skies and family fish in the trails and rivers of Jackson Hole, Wyoming, Montana and Idaho. He and his better half have traveled extensively across Europe, Asia and the Middle East. They spend part of their summers in Newport Beach, California, and have been to Hawaii often. Harrington adores his family and dedicates his life to their health and happiness. He and his wife have been married for over fifty years. Over the past few years, they’ve explored the Southwest of America, which they’ve come to love.

    Harrington has reached a milestone in his life of happiness and contentment. He prays for the health and safety of his family. He spent years working with his children on their education and athletic endeavors. He has coached many of their teams, soccer, football, baseball and more. He devoted many hours to his community, serving on the planning commission for several years and serving as a zoning hearing officer. He is dedicated to his church and has given many hours of service to the youth in his community and to those in need. He had a good life and lives without regrets.

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