New York enacts TILA-style disclosure law for business loans and receivables purchases – Finance and Banking



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The authors provide an overview of a new law in New York and the entities and transactions to which it applies, and discuss the disclosure and signing requirements of the legislation, the exemptions provided, and how the law will be enforced.

New York Governor Andrew M. Cuomo signed SB 54701 in law, which will impose a series of disclosure requirements similar to the loan law on providers of a wide range of trade finance agreements.

SB 5470 was quickly followed by SB 898,2 which changes the scope, exemptions and other provisions of the law.

Under the new “New York Law”, which now comes into effect on January 1, 2022, “suppliers” not exempt from “trade finance” in the amount of $ 2.5 million or less must disclose the terms. keys of the transaction to borrowers and obtain the signature of a borrower before carrying out a transaction.3

The New York law follows in the footsteps of a similar law enacted in California in 2018.4

Both state laws impose disclosure requirements on business loans similar to those that the Federal Loan Truth Act (“TILA”) and Regulation Z place on consumer (e.g., personal) loans. , family or domestic). This article provides an overview of New York law and the entities and transactions to which it applies and discusses the disclosure and signing requirements of the legislation, the exemptions provided, and how the law will be applied.

OVERVIEW AND APPLICABILITY

In signing the original bill, SB 5470, Governor Cuomo noted in the memorandum filed with the bill that he had “obtained an agreement with the legislature to make certain technical changes to this bill in order to better clarify and align with existing requirements under federal law, including the Truth in Lending Act. “5 As a result, SB 5470 was amended with the adoption of SB 898, resulting in changes to the scope, exemptions, penalties and other provisions of the law. Of particular interest, the coverage of individual transactions increased from $ 500,000 to $ 2.5 million.

New York law requires trade finance providers to provide certain information to recipients when extending a specific trade finance offer in a format to be prescribed by the New York State Department of Financial Services. (“DFS”). It will have a significant impact on vendors beyond traditional commercial lenders, as it broadly defines “commercial finance” to include vendors, and third party lawyers, of sales-based financing,6closed commercial financing,7 open commercial financing,8 factoring operations,9 and other forms of trade finance that the DFS can provide through rule making.

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Footnotes

* Krista Cooley is a partner at Mayer Brown and a member of the firm’s financial services regulatory and enforcement practice. Jeffrey P. Taft is a partner in the Firm’s Financial Services Regulation and Enforcement group and the firm’s Cybersecurity and Data Privacy practice. Daniel B. Pearson is an associate at the firm and a member of the Financial Services Regulatory & Enforcement practice. Residents of the firm’s office in Washington, DC, the authors can be contacted at [email protected], [email protected], and [email protected], respectively.

1 https://www.nysenate.gov/legislation/bills/2019/s5470.

2 https://www.nysenate.gov/legislation/bills/2021/S898.

3 New York law was scheduled to come into force on June 21, 2021 before SB 898 postponed the effective date.

4 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180SB1235. Since enactment, California has undertaken several regulatory proposals to clarify the law and implement disclosure requirements. Comments on the most recently proposed rules were scheduled to take place on October 28, 2020 and a public hearing was held on November 9, 2020.

5 Memorandum # 65 (December 23, 2020), https://www.sfnet.com/docs/default-source/tsl-tslexpress/tslexpress_ny19rsb05470app.pdf?sfvrsn=7ac96eab_2.

6 “Sales-based financing” means “a transaction that is reimbursed by the beneficiary to the supplier, over time, as a percentage of sales or revenue, in which the payment amount may increase or decrease depending on the volume of sales. realized or income received by the beneficiary. Sales-based financing also includes an adjustment mechanism where the financing is repaid as a fixed payment, but provides for a reconciliation process that adjusts the payment to an amount which is a percentage of sales or revenue. NY End. Serv. § 801 (j).

7 “Closed financing” means “a closed credit extension, guaranteed or not, including the financing of equipment that does not meet the definition of a rental contract according to article 2-A-103 of the French Commercial Code. uniform, the product of which the recipient does not intend to use primarily for personal, family or household purposes. “Closed funding” includes funding with an established capital amount and term. ”Identifier. Section 801 (d).

8 “Open-ended financing” means “an agreement for one or more extensions of open-ended credit, guaranteed or not, the product of which is not intended to be used primarily for personal, family or household purposes. “Financing” includes credit extended by a supplier under a plan in which: (i) the supplier reasonably envisages repeat transactions; (ii) the Supplier may impose finance charges from time to time on an outstanding balance; and (iii) the amount of credit that may be extended to the beneficiary during the life of the plan (up to any limit set by the provider) is generally available to the extent that any outstanding balance is repaid. Identifier. Section 801 (c).

9 “Factoring transaction” means “an accounts receivable purchase transaction that includes an agreement to buy, transfer or sell a legally enforceable receivable held by a beneficiary for goods that the beneficiary has supplied or services rendered by the beneficiary which have been ordered but for which payment has not yet been made. Identifier. Section 801 (a).

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Big Sky Passenger Rail Authority Adds Another Member




The Big Sky Passenger Rail Authority (BSPRA) got a bit bigger this week when its board of directors approved Carbon County as the Authority’s newest member last Wednesday.

Carbon’s addition brings the number of counties that joined Big Sky to 13, stretching across the state from Wibaux County on the North Dakota border to Sanders County on the Idaho border.

“Being a member of the Big Sky Passenger Rail Authority is big business for Carbon County, and we look forward to what it will bring to the citizens of our county,” said Scott Miller, Carbon County Commissioner. “Montana is moving forward, and Carbon County must stand with the state to provide the economy and infrastructure necessary to support this generation and the next. We need the Montanais to stay in Montana and for the right people to settle down to help keep Montana alive.

With the addition of Carbon County, BSPRA will look to continue growing in the coming months. Other counties are currently considering applying for membership in the Authority.

The BSPRA hopes that all counties eligible to join the authority – both those along the old Amtrak North Coast Hiawatha route and those along the old passenger routes going south to Denver and Salt Lake City – the will.

To join the BSPRA, a departmental committee must first pass a resolution requesting the Authority to become a member, and then the Authority passes a resolution expanding the boundaries of the Authority.

“With the membership of another county, the Authority continues to demonstrate the importance of passenger rail to the state of Montana and the ability of passenger rail to bridge partisan, ideological, geographic and urban-rural divisions,” said Dave Strohmaier, President of BSPRA.

While only county committees can pass the joint resolution to join the authority, BSPRA encourages city councils, chambers of commerce, CVBs, business owners and private citizens in eligible counties who do not ‘have not yet joined to encourage their county commissioners to consider applying for membership.

Eligible counties that have not yet joined the BSPRA are Custer, Rosebud, Treasure, Big Horn, Yellowstone, Stillwater, Sweet Grass, Madison, Beaverhead, Deer Lodge, Lewis and Clark, Lake and Mineral counties.

“Carbon County is the first outside of BSPRA’s 12 founding counties to join, and we hope their decision will inspire other counties to join,” said BSPRA Vice President Jason Stuart, representative of Dawson County. “Our effort to restore passenger rail service is not a ‘red against blue’, or ‘conservative against liberal’, or ‘rural against urban’ issue, as evidenced by the political, social and economic diversity of the counties that make up the BSPRA: We hope other counties that have yet to join recognize this and come to see the tremendous economic and social opportunities that the successful restoration of passenger rail service would present to our communities.

For more information, visit bigskyrail.org.

BSPRA members

Broadwater

Commissioner

Darrel folkvord

Butte-Argent Arc

Commissioner

Shawn fredrickson

Carbon

Commissioner

Scott Miller

Dawson

Economic development

Director of the Board

Jason stuart

Gallatin

Commissioner

Scott Mac Farlane

Granite

Elena Gagliano

Jefferson

Mayor of Whitehall

Marie hensleigh

Missoula

Commissioner

Dave strohmaier

to park

Commissioner

Bill Berg

Powell

Discover Deer Lodge

Terry jennings

Meadow

Commissioner

Deanna bockness

Sanders

Jerry mcdonald

Wibaux

Commissioner

Edward Anderson

200 W. Broadway

Missoula, MT 59802

406.258.3200

The BSPRA was formed in late 2020 under a Montana state law that allows counties to come together to form a regional rail authority for the purpose of defending passenger rail service. Each county that joins is allowed to appoint a representative to the BSPRA board of directors.

Including the addition of Carbon County, the other members of the BSPRA are Wibaux, Dawson, Prairie, Park, Gallatin, Broadwater, Jefferson, Butte-Silver Bow, Powell, Granite, Missoula and Sanders counties.



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Biden’s candidate for public lands boss hits GOP opposition



BILLINGS, Mont. (AP) – Presidential candidate Joe Biden to oversee large swathes of public land in the western United States was criticized Tuesday by Republicans for her past involvement in partisan politics as a Democratic aide and environmentalist in long time.

Tracy Stone-Manning, who worked as chief of staff to former Montana governor Steve Bullock, has been appointed as director of the United States Bureau of Land Management. The agency has jurisdiction over 245 million acres (100 million hectares) of federally owned land in the western states, managing it for uses ranging from fossil fuel extraction and grazing to recreation.

Senate confirmation of Stone-Manning would mark a sea change for an agency that handled oil and gas interests under former President Donald Trump.

She would take the helm after the office suffered turmoil in recent years when it lost nearly 300 employees to retire or resign after its headquarters moved from Washington, DC to Grand Junction, Colo., Under Trump.

In a Senate Energy and Natural Resources Committee hearing Tuesday, Republicans lambasted Stone-Manning for her role as treasurer and board member of the Montana Conservation Voters group, which ran announcements against Republican Senator from Montana Steve Daines in the last election cycle. Republicans have also voiced concerns that it will hamper energy development.

“You’ve been incredibly partisan in your past,” said Republican Senator Bill Cassidy of Louisiana. “It seems like in your heart you really don’t care about Republicans.”

Stone-Manning, from Missoula, said his now deceased Republican parents “would be in their graves” because of the allegation of partisanship. She indicated that she wanted to pass a 2020 election in which Daines fought off a challenge from Bullock, and added that working collaboratively was the only way to move forward in the controversial debates on public lands in the West.

“Elections can be difficult. I supported my old boss, Governor Bullock. But the election is over, and I will honor the outcome of this election, ”she said.

Democratic Senator John Hickenlooper asked Stone-Manning about the head office move, which he said was “done in a hurry” and left land office workers and Grand Junction residents who had hoped the change would boost the city’s economy.

Stone-Manning said the Home Office was looking into the matter but gave no further details.

After leaving Bullock’s staff in 2017, Stone-Manning led the efforts of the National Wildlife Federation to preserve public lands in the West for wildlife, hiking, hunting, and other non-industrial uses.

She previously worked as an assistant to Democratic Montana Senator Jon Tester and for a nonprofit group that worked to clean up one of the largest contaminated Superfund sites in the country, Clark Fork River in Montana. Tester, who introduced Stone-Manning at Tuesday’s hearing, dismissed the GOP’s description of her as an ideologue.

“He’s a good person with a good heart who understands the value of our public lands,” Tester said.

Kansas Republican Senator Roger Marshall asked Stone-Manning if she had a conflict of interest in receiving a personal loan of $ 50,000 to $ 100,000 in 2008 while working for the staff at Tester. Financial disclosure documents showed she received the 12-year loan from Missoula developer Stuart Goldberg at an interest rate of 6%, which Marshall said was lower than the going rate of 11% for loans. for consumption at the time.

Stone-Manning replied that she had been “hit by the recession and a friend lent us money to make sure we could get out of it.”

“We have honored the loan,” she added.

The post of director of the land management office went unfilled for four years under Trump, who instead relied on a series of interim directors to execute an easing of restrictions on the industry. Chief among them was Conservative lawyer William Perry Pendley, who, before taking office, advocated the sale of federal lands.

Pendley was removed from his post by a federal judge after leading the office for over a year without the required Senate confirmation and being sued by Bullock.

Stone-Manning supported the effort to oust Pendley and said he was an illegally named person.

She would serve under Home Secretary Deb Haaland, a former Democratic congresswoman from New Mexico who was confirmed by opposition Republicans citing her criticism of the oil and gas industry.



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Greystone Provides $ 7.3 Million in HUD-Assured Funding



NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) – Greystone, a leading national commercial real estate finance company, has provided a $ 7.3 million HUD-insured loan to refinance an assisted living community of 78 beds in Great Falls, MT. The financing was initiated by Scott Thurman and Leor Dimant of Greystone on behalf of Inspired Healthcare Capital, a loyal client, who acquired the property in March 2020.

The $ 7,360,000 Section 223 (f) funding provided by the HUD has a term of 35 years and amortization of 35 years, as well as a low fixed interest rate, and is a permanent subscription to short-term bridge financing provided by Greystone. Built in 2001, The Lodge’s senior living community offers full-service amenities to its residents, including meals, transportation, laundry, housekeeping, as well as events and entertainment. The property is located within two miles of several major hospitals and health systems, including the Great Falls Clinic Hospital and Surgery Center and Benefits Health System – East Campus.

Currently the facility is occupied and configured with 70 beds in 70 studio, one and two bedroom units, and with the proceeds from HUD funding, some of the two bedroom units on the property will be converted into studios to meet the demand. strong demand for this type of unit.

“The process of transitioning to the HUD for healthcare real estate investors alleviates many challenges related to the timing of FHA acquisitions and financing, and Greystone’s transparent process sets the borrower in place for a 35-year permanent loan with a short-term credit cushion, ”Mr. Thurman said. “The higher proceeds offered by FHA financing are also beneficial for borrowers who wish to make capital expenditures and invest in property for the long term.”

About Greystone
Greystone is a national commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having ranked among FHA’s top lenders, Fannie Mae and Freddie Mac in these industries. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information, visit www.greystone.com.

PRESS CONTACT:
Karen marotta
Gray stone
212-896-9149
[email protected]



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Does an extra $ 300 a week in unemployment benefits really stop anyone in Minnesota from taking a job?



As more Minnesotans are vaccinated against COVID-19, features of a post-pandemic world are emerging: faces without masks, hugs – and “Now Hiring” signs on storefronts and businesses. It seems like everyone is hiring, from restaurants to big box stores to bars, and many are struggling to find enough workers to fill their vacancies.

At the same time, there are still a lot of people out of work. And workers who are unemployed receive an additional $ 300 per week as part of the US federal bailout passed earlier this year.

Many people – experts, employers, politicians – are sure that these extra unemployment benefits are a problem, causing workers to stay at home instead of looking for work. In fact, 25 states, including Montana, Florida, Arizona and Ohio, are ending the weekly supplemental benefit early in an attempt to push unemployed people into work.

But is a $ 300 increase in weekly benefits really enough to prevent the unemployed from taking a job?

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Measure unemployment

Unemployment in Minnesota reached 4.1% in April – just a little higher than the low unemployment rate before the pandemic and the lowest since the pandemic started in March 2020.

It sounds like good news, but the real picture of the workforce is a little less rosy. The standard unemployment rate only measures the percentage of people who are unemployed and looking for work. This does not include people who are unemployed and have stopped looking for work. And the data suggests that for some reason there are a lot of people in this boat.

As of the start of 2020, Minnesota’s labor force participation rate, or the percentage of people 16 and over who are either working or actively looking for work, rose from 70.2% to 67.7%, the lowest since June 1978, when far fewer women were in the labor force. If you compare this drop to the size of Minnesota’s population aged 16 and over, that means about 112,000 fewer people in the workforce compared to just over a year ago – a comparable loss in size to the population of Rochester, Minnesota.

Throughout the pandemic, a historically high number of people were unemployed. Because of the crisis this posed to the economy, the federal government added additional unemployment benefits to the usual amounts people were eligible for.

Under the federal CARES law, passed last year, unemployed people received an additional $ 600 per week from the start of the pandemic until July. By decree of former President Donald Trump in August, unemployed people received an additional $ 300 per week from the federal government. As part of the US bailout, the additional $ 300 per week has been extended until September 6.

Minnesota’s unemployment system pays people half of their old weekly wages, up to $ 740. With the additional payment of $ 300, the maximum an unemployed person in Minnesota would earn is $ 1,040, or $ 26 an hour for a 40-hour work week. But DEED commissioner Steve Grove said the vast majority of unemployed people earn much less than that.

Is this enough to keep Minnesotans out of the workforce?

“Businesses certainly think so,” said Ron Wirtz, director of regional outreach at the Federal Reserve Bank of Minneapolis, in an interview last week. “We do a lot of surveys and we started asking them what they thought of the reasons why labor availability is restricted, and that tended to be the main thing they mentioned – just that unemployment insurance benefits are very generous, and that is what keeps people from working.

Frictions in the labor market

In fact, it is difficult to determine the effect of additional unemployment benefits, as there are many other factors currently causing friction between workers and jobs, Wirtz said.

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One, Wirtz said, is that many workers are still concerned about contracting or spreading COVID-19. While more than 50% of Minnesotans have been vaccinated against COVID-19, many people, including young children, are yet to be vaccinated.

“The fear of COVID is always present, especially for multigenerational households,” he said, citing surveys. Although this share is probably decreasing, it is not nonexistent.

Another is the mismatch between the jobs available and the jobs workers want or are qualified for. Employment counselors interviewed by the Minneapolis Fed and the Department of Employment and Economic Development found that a significant number of job seekers were looking for telecommuting options.

“There are a lot of people who are fired and didn’t have that option, and think, ‘I think I would like that option,'” Wirtz said.

Others may not be qualified for jobs that offer many opportunities: the construction industry, for example.

“We have a lot of front desk workers who are not working right now. They can’t easily go into construction very well, even though there are tons of openings in the construction, ”Wirtz said.

DEED’s Grove pointed out that Minnesota had a labor shortage before the pandemic, and now the job market is different from what it was before.

Another factor is the issue of family care.

Some daycares have operated at lower capacity, and others have operated intermittently due to COVID-19 cases, which can make it much more difficult for parents with children to return to the workforce if they are absent .

Julia Pollak, labor economist at ZipRecruiter, a company that connects job seekers with employers, said some parents with the option to stay at home might not see the point in returning to work now, with kids at school for a short time before being home during the summer vacation starting soon. Once the children return to full-time in September, there may be a return to the workforce.

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Combined, all of these issues paint a complicated picture of the Minnesota and nation’s labor market as the pandemic subsides.

“It sounds easy: if you’re unemployed and there are a lot of jobs, well, just go get a job,” Wirtz said. “I think the pandemic has shown that life is complicated and that it gets more complicated as you dig into the different households and the different obstacles they might face to easily relate to work.”

Wirtz said there is no doubt that rising unemployment has eased some of that friction for people, allowing them to reassess their employment status in some cases, but it is difficult to determine to what extent it is. of that extra money or the problems workers face getting back. tell.

“It’s safe to say that improved unemployment benefits are affecting some workers. How much, I think that’s a very important question that I don’t think we know the answer to, ”Wirtz said. “I think I’m pretty sure I’m saying it’s probably more than those who claim it has no effect. And I think it’s probably less than those who believe pandemic-era unemployment [is] the only reason people aren’t working now.

While some say it’s the weekly $ 300 unemployment benefits that keep workers at home, others say companies just aren’t paying workers enough to make the work worth it.

This can be a problem, but it’s not accurate to say that’s the only reason employers struggle to find workers, Pollak said.

The labor shortage has increased pressure on wages at many employers – Target, WalMart and other big chains among them. The number of unemployed Minnesotans is decreasing from week to week. And some workers are drawn to higher wages – and many of them aren’t people who were unemployed in the first place, Pollak said. Nationally, for example, adolescent employment is higher today than it was before the pandemic as young people seek employment, suggesting that adolescents are drawn into the labor market by higher wages.

A natural experience

Soon it might be easier to tell how big an impact the extra $ 300 per week has been. The additional benefits of the American Rescue Plan go until September 6 of this year, but at least 25 states end it sooner, creating a sort of natural experiment where researchers could see if more people are returning to work in states where the benefits have ended.

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Pollak said economists would work to determine the effects of ending the $ 300 per week benefit versus some of the other differences in states that end earlier.

But for now, Pollak said any easy answer ignores the complexity of the job market.

“I think the two things that are definitely wrong: the idea that unemployment benefits have no effect and the idea that they are entirely responsible are two extremes and completely wrong,” she said. market is complicated – that job seekers are complex, they have many, many different motivations, ”she said.



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Why states like Maine, Utah and the Dakotas are hit the hardest



  • The labor shortage is spread across three regions, ZipRecruiter told the Wall Street Journal.
  • Closures, tourism and the number of “pandemic refugees” could explain why.
  • See more stories on the Insider business page.

Labor markets in some states are recovering much faster than others – and local lockdowns, the size of their tourism industries and the number of people who moved there during the pandemic could be the reason, according to a report from The Wall Street Journal.

As a result, employers in states like Iowa, Nebraska, and New Hampshire are particularly struggling to attract new hires amid the labor shortage, which the US Chamber of Commerce described on the week. last of “national economic emergency”.

The tightest job markets are spread across three regions, job search site ZipRecruiter told the Journal.

Read more: McDonald’s franchisees blame hiring problems on unemployment benefits, say ‘inflation time bomb’ will force them to raise Big Mac prices

Northern Mountain West, which includes Montana, Idaho and Utah, has about 2.9 job openings per unemployed job seeker, ZipRecruiter said, using data from April. That number rises to 3.6 in the plains, which include the Dakotas, Nebraska, Iowa, and Kansas, and in northern New England, made up of Maine, Vermont, and New Hampshire.

This is corroborated by House data, which found South Dakota, Nebraska and Vermont to be the most affected states.

They had fewer lockdowns

The Plains States reopened faster and did not enforce such stringent measures during their lockdown.

Iowa, for example, lifted its mask mandate in early February, while North Dakota allowed it to expire on January 18.

The faster reopens meant that fewer people lost their jobs during the pandemic, and those who did were able to return to their old jobs faster, Oren Klachkin, chief US economist at the research firm, told the Journal. world Oxford Economics.

Their main industries were not as affected by the pandemic

The Plains have high levels of employment in the agriculture and food processing industries, the Journal reported. As essential industries, these were able to stay open during the pandemic – so fewer people lost their jobs.

And northern Mountain West, the Plains, and northern New England are much less dependent on tourism than states like Hawaii and New York. The tourism industry has been devastated by the pandemic, forcing some retail and hospitality workers to look to other industries and reducing the amount of money spent on local goods and services.

New businesses opened during the pandemic

“Mountain states have become pandemic refugee states,” Julia Pollak, labor economist at ZipRecruiter, told the Journal. This is partly because they had fewer foreclosures – but also because of their affordable housing and the abundance of open space, according to the publication.

And as new residents moved to the United States, they increased the volume of economic activity – and, in turn, the demand for labor.

Low wages and COVID-19 concerns could be the root of nationwide labor shortage

In addition to these local factors, the national labor shortage is likely due to a mix of unemployment benefits, COVID-19 health issues, family responsibilities and low wages, reported Ayelet Sheffey. from Insider.

The United States Chamber of Commerce said the labor shortage was hampering the country’s economic recovery after the pandemic, while the

Federal Reserve
said the labor shortage can last for months and is already causing price hikes.



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Florida horse rescue center deals with wild mustangs



The white hieroglyphics that descend from the mustang’s big brown neck and the necks of all horses like it tell part of the story – if you can crack the code.

The big “U” with the particular crossbars is easy. It’s for the US government. The small equal sign with a flattened “V” below translates to 0-7, the year of birth of the 14-year-old horse.

The next two symbols are where it gets good. The flattened “V” and the “L” towards the back indicate 7-6, revealing that this horse was rounded up somewhere in Oregon.

Maybe it was Beatys Butte, or Murderer’s Creek or Riddle Mountain, or a dozen other herd management areas in the state, all types of rugged western land where we imagine mustangs roaming free with swept manes. by the wind.

What you probably don’t imagine when you think of wild horses are the flat, green, mossy oaks of Webster in Florida, where the Wild Horse Rescue Center spans over 30 shaded acres.

This is where Pinto the Oregon Mustang arrived recently, skinny and scared, after being rescued from an “auction” in Louisiana.

The founder and president of the Wild Horse Rescue Center, Diane Delano, has dedicated her life for several decades to working with the mustangs, the free range horses managed and protected by the Bureau of Land Management as “living symbols of the historical spirit. and pioneer of the West ”.

She began by adopting wild mustangs directly from the government, but eventually focused on rescuing mustangs that were abused or destined for slaughter. She likes to say that horses come to her center “to heal themselves” more than any training.

Each horse is given a new name, said Delano, “because that old name is your past.” This is how Amigo became Pinto.

Last week, Delano, whose calm gray eyes are offset by turquoise earrings to match the turquoise chain from which his glasses dangle, entered a corral where Pinto was standing in a corner. She put her hand on the nervous horse’s neck, and when she stepped back, Pinto followed her.

“I did energetic work on him yesterday, and I think he remembers it,” she said. “We do craniosacral massage therapy, acupuncture, energy work, Reiki. My horses are getting all of these holistic things.

Horses that come to the wild also receive many months of traditional training. Some will learn to tolerate a saddle and become perfect for riding. Thor, who was rescued from the same auction as Pinto (and got the name because of his blonde mane), could soon become an MP if an upcoming visit to a South Florida sheriff’s office goes well. .

Others, like Pinto, will end up being gentle enough to make nice pets, but maybe not for riding.

There are over 50 horses at the center in various stages of preparation for adoption. Over the years, said Delano, she has trained and found homes for more than 1,000 of them. Horses that cannot be trained or adopted stay indefinitely.

But there are always more mustangs to take, even though the money to do so has been a little harder to come by since the pandemic struck.

Mustangs are the descendants of various breeds of horses that have escaped or been abandoned for hundreds of years, starting with the horses brought to America by the Spanish conquistadors in the 1400s.

After coming under federal protection in the 1970s, a once declining wild horse population rapidly multiplied. So quickly that the herds, which grow by around 20% a year if left unchecked, have left the Bureau of Land Management to scramble.

Today, it is estimated that there are approximately 70,000 wild mustangs in the West, spread across Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah and Wyoming. That’s far more than the 27,000 horsepower the office estimates the environment can support.

To manage the population, the office assembles thousands of wild mustangs each year using helicopters, then makes these horses available for adoption.

But the value of a wild mustang as a symbol of freedom and beauty in the popular imagination – so iconic that an iconic American automobile of all time took its name – is at odds with the tangible value of a wild and wild horse without pedigree.

“Mustangs are basically mutts,” Delano said.

Training them in the type of horse people want to own takes a lot of time and effort. First, mustangs were cheap to adopt, and then the office started paying people $ 1,000 to adopt them.

A New York Times article published earlier this month described how horses adopted under this office program then ended up abandoned in auctions frequented by slaughterhouse buyers.

Each rounded mustang is marked on its neck with a series of symbols, marking it as a mustang, which should protect it.

“But that’s not the case,” Delano said.

Another rescue organization paid over $ 800 to buy Pinto at auction before sending it to Florida.

Delano is considering how the government could better manage the horse population, but remains primarily focused on saving as many Mustangs as possible in a broken system.

“We are focused on the future of these horses,” she said. “And do it with a touch of healing.”

The center was quiet. Once wild mustangs Max, an 8-year-old gray boy from Muddy Gap, Wyoming, and Cortez, an 8-year-old dark bay gathered in Nevada, huddled lovingly in a corral. Both are ready for adoption.

Hope, Faith and Promise, three once emaciated mustangs whose rescue was reported in the Tampa Bay Times 13 years ago, were chewing hay, appearing healthy.

The pandemic has derailed the international program of the Wild Horse Rescue Center. Normally, Delano has a dozen European paying customers at any given time, mostly young people who want to travel and work with horses for a few weeks to a few months.

Delano made up for the loss of income with loans, over $ 100,000 of them, and made up for the lack of people to help around the center with enthusiastic retired volunteers from the villages.

Debra Wyland brushed Ford, a 10-year-old resident at the center, in a barn. Ed Martin filled waterers. Jorge Pousa rode Pegasus around a ring. All three showed up after seeing a brief article about the center in the Villages Daily Sun and kept coming back for months.

Wyland had never been around horses in her life, except for the little horse statues which had briefly obsessed her as a child.

“When I was in kindergarten, I had a pair of red cowboy boots that I wanted to wear every day,” Wyland said. Today, at 56, she is finally learning to ride a horse.

Pousa, 60, had spent some time with horses as a teenager at a stable near her hometown of Miami. Then came a long career in the Navy, where he worked in logistics.

“Now I’m retired and can get my horse fix,” Pousa said. “I clear the stalls, then I can play. It’s like therapy. Horses can read you as well as you can read them.

Martin, 77, was from Boston. He was another “city dweller” who had never been around horses. He was just bored at home.

“There is always a lot to do here,” said Delano. A horse snorted.



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Wyoming’s Upcoming Reclaiming & Growing Webinar Series Ends Tuesday



CHEYENNE – On Tuesday, June 8, the Powder River Basin Resource Council will conclude its spring webinar series, Reclaim and develop the future of Wyoming, helping community leaders and potential entrepreneurs explore the tools available to support sustainable community development.

Experienced Wyoming economic and business development professionals will share what has worked in other communities and direct those interested in starting a business to resources and programs. This event promises to be useful for community planners, local government officials, and anyone interested in starting a business.

In this discussion, Resources and opportunities of the new economy, speakers Jay Stender from WY Ranch, Kelli Roemer from Resources and Communities Research Group at Montana State University in Bozeman, MT, and Josh Dorrell and Ron Gullberg from Wyoming Business Council will discuss various aspects of attracting and sustaining economic development in the communities. Wyoming State Representative Chad Banks of Sweetwater County will moderate the panel.

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“The unprecedented challenges of 2020 have reinforced the need for Wyoming to move beyond mere survival mode and find ways to thrive. Seeing people come together, find creative solutions and really take care of their neighbors gives me a great sense of pride and excitement for the future. We need to tell our stories and learn the lessons we’ve learned so far, ”said Dorrell, CEO of Wyoming Business Council.

The webinar is free but requires prior registration. Registration is available on www.powderriverbasin.org/events. The webinar will run from 11:30 a.m. to 1:30 p.m., starting with speaker presentations followed by a question and answer period.

For more information on the webinar series, visit www.powderriverbasin.org, email [email protected] or call 307-672-5809.

June 8 webinar speaker bios:

Jay stender

Since graduating from the University of Wyoming in 1979, Jay Stender has accumulated four decades of business experience in a variety of technology and service-oriented industries. Most recently, Stender served as CEO of Forward Sheridan from 2009 to 2020, a privately funded economic development entity. Currently, he is the Director of WY Ranch, a Sheridan-based center for organizations working within the community and related industries across Wyoming. There, he seeks, identifies and pursues new opportunities for Wyoming’s business partners and explores forward-thinking diversification options for communities. Stender’s experiences in his coal community have shown that the diversification of economic sectors enables vitality and sustainability.

Kelli roemer

Kelli Roemer holds a doctorate. candidate and researcher in the Resources and Communities Research Group at Montana State University in Bozeman, MT. She studies political and planning processes in rural communities affected by coal-fired power plant or mine closures. Roemer served two AmeriCorps terms in Helena, Montana and Lakeview, Oregon. Roemer holds a Master of Science degree from the University of Idaho and a Bachelor of Science degree from the University of Montana. Roemer has conducted research on planning rural communities for the social and economic impacts of coal plant closures. Specifically, she focuses on the opportunities and challenges of local planning and key strategies that support community resilience.

Josh Dorrell

As CEO of the Wyoming Business Council, Josh Dorrell’s extensive private industry experience in technical sales, business innovation processes, identifying customer needs and leveraging partnerships, as well as mentoring entrepreneurs / start-ups, are perfectly suited to the leading role of the agency in economic diversification and growth. Dorrell was Senior Vice President of Technology Services and Solutions at Laramie-based Trihydro Corporation before joining the WBC in February 2020. After graduating from the University of Wyoming, Dorrell worked for IDES, a small business in software in Laramie. He is a lecturer at UW College of Business.

Ron Gullberg

Ron Gullberg is Director of Strategic Partnerships for the Wyoming Business Council. Gullberg’s extensive experience in communications, team building and project execution supports the agency’s leadership role in diversifying and growing Wyoming’s economy by leveraging public partnerships. public, public-private and B2B. Gullberg joined the Business Council in March 2014 as Director of Communications, then served as Director of Business Development for 2.5 years before becoming Director of Strategic Partnerships in December 2019. He previously served as Journalist, Sports Editor, Director Online and Editor-in-Chief for a 25-year career in the daily press, including 22 years with the Casper Star-Tribune.

Banks of the Republic of Chad, Moderator

Wyoming Representative Chad Banks (Sweetwater) is a community champion who has spent most of his career trying to improve his community and state. He currently works as a director of Rock Springs Main Street / Urban Renewal Agency (URA), where he primarily focuses on small business growth and expansion. Banks holds a Bachelor of Science in Marketing from the University of Wyoming.



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Biden faces backlash over ‘shameful’ surrender to GOP governors as they end unemployment lifelines



Biden administration officials publicly signaled on Friday they had no plans to fight as Republican governors in 25 states prematurely cut emergency unemployment programs, snatching lifelines from millions of unemployed and depriving local economies of billions of dollars.

In the wake of a solid but a weaker-than-expected employment report – which showed the United States created nearly 560,000 jobs in May – President Joe Biden Told to reporters that it “makes sense” that the federal unemployment increase of $ 300 per week expires across the country in September, although he acknowledged that “we are going to run into obstacles along the way” to recovery economic.

“Cutting off adequate supports for these workers to try and force them to accept any available job is cruel.
—David Cooper, Institute for Economic Policy

White House National Economic Council director Brian Deese echoed the president, saying it was “appropriate” for improved unemployment benefits to end in September.

Press secretary Jen Psaki, meanwhile, told a briefing on Friday that Republican governors “have every right” to prematurely end federal unemployment programs that were approved under the CARES Act. last year to help workers overcome the pandemic-induced economic crisis.

‘Shameful’, progressive activist Jonathan Cohn tweeted in response to Psaki’s comments, which came as the economy remains nearly eight million jobs below pre-pandemic levels.

More than two dozen Republican governors recently announced that instead of waiting for the official September 6 expiration date, they were removing the $ 300 per week increase in UI starting in mid-June. . Twenty-one Republican-led states are also ending emergency benefits for the long-term unemployed and concert workers.

GOP leaders justified their potentially devastating actions by claiming that rising unemployment benefits are holding back hiring – a narrative that experts have dismissed as unfounded and simplistic, given other potential factors such as lack of child care, low wages and coronavirus-related health issues.

White House officials have previously rejected the right-wing narrative; last month, Biden mentionned there was “nothing measurable” to indicate that unemployment benefits discouraged people from returning to the labor market. But they refused to push back again on Friday.

“I would leave it up to you and your outside analysts to decide if this is an important factor,” Psaki told reporters.

Senator Bernie Sanders (I-Vt.) And labor law experts from the National Employment Law Project recently argued that under the CARES Act, the Biden administration is legally obligated to continue to distribute unemployment benefits emergency regardless of Republican governors. actions, which could affect more than four million workers.

But officials in the Biden administration never responded to Sanders’ letter detailing that argument, choosing instead to anonymously tell the media that they are powerless to arrest Republican governors.

“There is nothing we can do,” said an official Told CNN last month.

Progressives were quick to express their outrage on Friday at the Biden administration’s refusal to defend emergency unemployment programs, which have helped millions of unemployed meet basic expenses and supported economic recovery. Now, about 15 million people in the United States receive benefits from federal unemployment programs approved in response to the coronavirus pandemic.

“You can’t cut people’s temporary lifeline when they still need it to stay afloat,” tweeted Claire Guzdar, Director of Campaigns and Partnerships at Groundwork Collaborative. “The fight doesn’t know you’ve got a September 6 deadline, you know? Your bills don’t go away, your rent isn’t paid, all the stress of a year of unemployment isn’t over. rescue when people aren’t drowning. “

Rachel Deutsch, worker justice activist at the Center for Popular Democracy, called the Biden administration’s stance on emergency unemployment benefits “appalling” and said the White House “sides with employers who want to force people into bad jobs.”

“Some will be forced into abject poverty because no deprivation can make them work at the moment,” Deutsch added, citing testimonies of unemployed people unable to find jobs or unable to work due to family circumstances.

Montana unemployed man identified as Emily mentionned the medical team caring for her terminally ill, disabled seven-year-old son “told me to keep him at home until he can get the vaccine.”

Unemployment insurance “helped us keep going so that I could choose the health and safety of my son and prevent the two children from getting sick.”

Once the 25 Republican-led states end emergency unemployment programs, millions of jobless workers will be left with paltry state benefits or, in the case of temporary workers and the long-term unemployed, no benefit.

Like David Cooper of the Economic Policy Institute highlighted last week, “Almost all of the states that cut unemployment insurance still have far fewer jobs than before the pandemic. “

“Those who still depend on these programs are probably those who need them the most – the people who have the most difficulty finding suitable work or who face significant constraints in their ability to return to work due to family responsibilities, health issues or other factors, ”Cooper said. Noted. “Cutting off adequate supports for these workers to try and force them to accept any available job, even if it is poorly paid, high risk, unsuitable for their skills or incompatible with their responsibilities at home, is cruel and not in the long-term best interests of a state’s workers or businesses. “





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Letter to the editor: the delegation should reintroduce the bill for the protection of rivers | Letters



For over a decade, I ran a small non-profit organization in Bozeman that provides opportunities for self-discovery, growth, learning and adventure for young people through whitewater kayaking experiences. . For a program focused on whitewater kayaking programs for kids, we often discuss that it’s not really kayaking. Kayaks are simply the vehicles we use to teach young people clear communication, confidence, challenges and their relationship to our environment. Montana’s free-flowing rivers are our must-have classrooms.

As such, I was excited when Sen. Tester introduced the Montana Headwater Safety Act last summer, making real the possibility of over 300 miles of Montana rivers earning the Wild and Scenic designation by incorporating 17 new river sections into the system. national. This includes rivers like the Upper Gallatin, Upper Madison, and Upper Yellowstone. This prestigious designation would help maintain the pristine and unique characteristics of these rivers. I encourage Senator Tester, Senator Daines and Representative Rosendale to reintroduce MHLA in this legislative session.

Whether you enjoy the tranquil scenery while fishing the boulder or enjoy crossing the Gallatin rapids from one watershed to another, these free-flowing rivers support an irreplaceable way of life and a strong outdoor recreation economy. air. Wild and scenic river designations will protect our quality of life, our businesses and ensure these experiences are available for future generations. For me, it protects the smiles and sense of accomplishment we see in our young participants as the waves crash onto the decks of their colorful kayaks and they successfully navigate the white waters of southwest Montana. .



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