Alabama Banks – Cedars Inn Auburn http://cedarsinnauburn.com/ Wed, 29 Jun 2022 14:00:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cedarsinnauburn.com/wp-content/uploads/2021/04/cropped-cedars-32x32.png Alabama Banks – Cedars Inn Auburn http://cedarsinnauburn.com/ 32 32 Every State’s Most Valuable Export – 24/7 Wall St. https://cedarsinnauburn.com/every-states-most-valuable-export-24-7-wall-st/ Wed, 29 Jun 2022 14:00:06 +0000 https://cedarsinnauburn.com/every-states-most-valuable-export-24-7-wall-st/

Eighty feet below lower Manhattan is a massive vault containing, as of 2019, nearly half a million gold bars. What looks like a setup for a heist movie is in real life the basement of the Federal Reserve Bank of New York, where U.S. and foreign governments, other central banks, and some international organizations securely store their gold assets.

Due to New York City’s central role in maintaining custody of much of the world’s raw gold reserves, these bars of metal are New York State’s most valuable export. For example, in 2013 so much gold stored near Wall Street flowed back to South Africa that it caused a temporary $689 million trade deficit with the United States.

Two other states – Nevada and Utah – have gold as their main export, but for a different reason – they have gold mines. In Utah, gold from these mines accounted for about 46% of the state’s total export value last year, more than its other major export categories: medical devices, prepared foods and auto parts.

To determine the top export by state, 24/7 Wall St. looked at export data from the United States Census Bureau United States Online Commerce Platform. Products, as identified by the Harmonized System categorization method, have been classified according to their total export value, measured by their origin (rather than where they left the country), in 2021 (The Harmonized System includes over 5,000 product groups, each identified by a 6-digit code. We have chosen the 4-digit level of detail.)

The top export category for 11 states, including Kentucky, Arkansas and Connecticut, is civil aircraft, which accounts for between 13% and 29% of the value of these states’ total exports. In nine states, fossil fuels are their main export products, including three coal-producing states, Montana, Virginia and West Virginia.

More than $62 billion worth of crude oil was exported from Texas last year, accounting for nearly 17% of all exports from the nation’s second-largest state by population and geographic size. As a major refiner, the Lone Star State’s main import is also crude oil. (These are the countries most dependent on the oil trade.)

Wyoming is the state most dependent on a single export. About 66% of its total export value comes from carbonates, such as soda ash, a vital industrial chemical ingredient. (These are large cities dominated by an industry.)

Click here for the best export from each state

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Alabama abortion clinics and patients face an uncertain future https://cedarsinnauburn.com/alabama-abortion-clinics-and-patients-face-an-uncertain-future/ Mon, 27 Jun 2022 10:14:00 +0000 https://cedarsinnauburn.com/alabama-abortion-clinics-and-patients-face-an-uncertain-future/

Monday marks the start of the first full week since the U.S. Supreme Court overturned the Roe v. Wade decision legalizing abortion. A federal judge in Montgomery also just removed an injunction from a 2019 Alabama law that makes abortion a crime. The West Alabama Women’s Center in Tuscaloosa provided fifty percent of the procedures in the state. The clinic says around 100 patients have already been turned away. Robin Marty is the center’s director of operations. She says she expects Alabama lawmakers to revive a 2019 law that makes abortion a crime…

“It’s a state that doesn’t care about reproductive health care,” she says. “It’s a state that doesn’t care about health care in general. It was the state that, when it got money to help people recover from COVID, decided to build prisons with it.

The Alabama legislature approved the sale of bonds and the use of pandemic relief aid from the U.S. bailout to fund the prison construction project. Stephens Incorporated and The Frazer Lanier Company would handle the sale of seven hundred and twenty-five million dollars in bonds to fund new prisons in Alabama. The choice of these two companies follows an earlier construction deal with Raymond James and Well Fargo that collapsed in 2021. Bloomberg reports that tomorrow’s sale is seen as unusually large for the two southern banks chosen by the Alabama. Robin Marty of the West Alabama Women’s Center says using health care money this way is not a good sign.

“It’s not a state that’s willing to make sure people get care. And because of that, we don’t know how long we can stay open,” she said. “We are looking for grants. We will seek a partnership. »

Alabama Congressman Gary Palmer praises Roe’s end as a way to “save countless unborn Americans”. Stay tuned for the latest from NPR on the High Court’s decision to end Roe v Wade. Alabama Public Radio covered this issue extensively. You can find these stories on APR.org.

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The Emmy nominations are coming. Voters shouldn’t overlook these shows https://cedarsinnauburn.com/the-emmy-nominations-are-coming-voters-shouldnt-overlook-these-shows/ Sat, 25 Jun 2022 11:01:00 +0000 https://cedarsinnauburn.com/the-emmy-nominations-are-coming-voters-shouldnt-overlook-these-shows/

For TV critics, it’s never too early to start complaining about the Emmys. And, as voting for the nominations closes Monday among TV Academy members, a few issues threaten to hamper the quality of this year’s nominees.

The biggest issue, of course, is the volume. Thanks to the sheer number of high-quality TV shows released this year, especially on streaming services, there are more artists and shows doing Emmy-worthy work than ever before. But the structure of rewards has not kept pace with the evolution of quality.

Don’t get too technical, but the number of nominees in each category is determined by the number of submissions they receive from eligible TV shows. But for categories where the quality has increased more than the quantity of submissions, that means many more worthy shows are competing for the same limited number of slots – leaving more outstanding series stranded.

Consider the category of various sketch series – where saturday night live always wins, anyway – who will likely get two nomination slots. This is a category that has seen a spike in dynamic new series featuring non-white stars, like The Amber Ruffin Show, Ziwe, Break with Sam Jay, A dark lady sketch show and That fucking Michael Che. Of course, it would be nice if more than one of these shows could earn the accolade of a nomination alongside SNL.

And, of course, with all that volume, it’s hard to know how many shows Emmy voters have actually seen. So to help you out, I’m going to offer my own suggestions on artists and shows that may not be the first, but deserve the honor of a nomination this year. Here’s hoping a few TV academy members have an open mind and leave some space on their nomination forms.

Best Actress in a Drama: Rhea Seehorn, You better call Saul

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Greg Lewis/AMC/Sony Pictures Television

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AMC/Sony Pictures Television

Rhea Seehorn as Kim Wexler in You better call Saul.

It is an inexplicable oversight. For seven years, Seehorn brought to life the most compelling original character in one of television’s best drama series, itself derived from one of the best television dramas of all time.

And she was never nominated for an Emmy.

Seehorn’s take on Kim Wexler, a lawyer caught up in the rule-breaking shenanigans of her husband and future drug cartel lawyer Jimmy “Saul Goodman” McGill, is the beating heart of the series. Wexler’s active involvement in her husband’s scams — and the childhood experiences that may explain her attraction to his dark side — consistently produce the show’s best moments. Emmy voters already know how good the show is: The show received 39 nominations, including five nominations for Best Drama and recognition from Seehorn’s male co-stars Bob Odenkirk, Giancarlo Esposito and Jonathan Banks. It is therefore out of time: Give this woman her appointment, already.

Best Drama Series: Star Trek: Strange New Worlds

Marni Grossman / Marni Grossman/Paramount

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Marni Grossman/Paramount

Ethan Peck as Mr. Spock.

I say. It’s a sci-fi series, and they rarely get nominations outside of technical categories. And this is the fourth live-action Trek Paramount+ streamer series – the latest iteration of a 50+ year old franchise. But Strange new worlds is also an inventive, progressive and hugely entertaining series that has come closer to the exuberant spirit of the original series than any other release (except maybe Star Trek: Next Generation). Focused on the adventures of the Starship Enterprise before James T. Kirk became its captain, Strange new worlds gives us modernized origin stories for the classic Trek characters like Mr. Spock, Nurse Chapel, and Lt. Uhura, balanced with bold new characterizations and stories.

They’ve turned a villainous species that was once a punchline among fans — the Gorn, played by a guy in a gruesome plastic suit on the original series — and reimagined them as terrifying, Extraterrestrialstyle killing machines. They gave us gay and transgender characters presented with simplicity and respect. Even better, they managed to create a modern series that also pays homage to the franchise and elevates its history. What other contender for Best Drama can boast of a hat trick like this?

Best Actor in a Drama: Quincy Isaiah, Buying Time: The Rise of the Lakers Dynasty

Quincy Isaiah as Earvin

Quincy Isaiah as Earvin “Magic” Johnson.

This series, centered on the 1980s “Showtime” era of the Los Angeles Lakers basketball team, has received much deserved criticism for twisting the lives of its well-known subjects to create better drama. But hopefully that doesn’t stop Isaiah from getting his flowers for pulling off an extremely tough performance – playing Earvin “Magic” Johnson as he went from superstar college athlete to making his mark as a professional. the NBA.

Not only did he have to capture the athletic prowess of one of the game’s best, Isaiah also had to play the part of a young star learning that his million dollar smile and playing skills didn’t necessarily make him a great man. In winning time, viewers see Johnson face everything from racism from basketball fans and the national sports press to his own challenges with the feminization and confidence of veteran superstar Kareem Abdul Jabbar. This is where Isaiah, in his first major role as an actor, really shines – giving us all a sense of the man struggling behind Johnson’s outgoing and charismatic facade.

Supporting Actor, Limited Series: Matthew Goode, The offer

Matthew Goode as Robert Evans in The Offer.

Sarah Coulter/Sarah Coulter/Paramount+

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Sarah Coulter/Paramount+

Matthew Goode as Robert Evans in The Offer.

Voters in the acting categories tend to look down on roles that look like impersonations of famous people (which is why I’d be surprised if OT Fagbenle gets a nod for his saturday night liveBarack Obama-level representation in Showtime The first lady). But hopefully they’ll make an exception for Goode’s version of superstar producer and film studio head Robert Evans in Paramount+’s limited series about the making of The Godfather. Evans was a legendary figure, known for his partying ways, eternal tan, self-centeredness, old-school Hollywood flair, and boundless ego.

But he was also a talented studio executive and producer, pushing Gulf + Western, then owner of Paramount Studios, to make a movie out of the bestselling book and fill it with Italian culture to make their Mafia movie feel authentic. Goode, a hugely underrated British actor, nails Evans’ bold personality and the fragile insecurities he tried to hide, nearly derailing when his marriage to star Ali MacGraw fell apart. For my money, this is the best portrayal of a famous character in a series that also portrays Marlon Brando, Al Pacino, James Caan, and Frank Sinatra.

Best Comedy Series: Schmidadon! and This way until

I’m already expecting shows like HBO’s barryFX Atlanta and ABC’s wonderful surprise hit Abbott Elementary School to be among the top comedy series nominees. (Although I don’t know why Disney+ submitted the Marvel superhero series Hawk Eye to be considered a comedy series – except perhaps to imply that centering a TV show on the bow and arrow guy from The Avengers the movies were one long joke?)

That’s why I devote some space to the longest of the long shots in this category. Schmidadon! is AppleTV+’s bizarrely creative series about a backpacker couple who stumble upon a town where life is one, long, classic musical. It’s both a tribute and a parody of those golden age productions, like Oklahoma!, The Sound of Music Where Carouseland the amount of creative chops it took to pull this show off deserves credit.

Aisling Bea in This Way Up.

Rekha Garton / Channel 4

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Channel 4

Aisling Bea in This Way Up.

This way until is a spunky, sardonic comedy about an Irish woman recovering from a nervous breakdown and attempted suicide (played by Irish comic Aisling Bea) and her sometimes overprotective sister (played by Sharon Horgan). Bea writes all of the scripts for this series, which aired on UK TV and Hulu as a quirky little look at one sister working hard to pull herself together, while the other sister is slowly falling apart.

None of these shows have much of a chance of winning major nominations, but they’re powerful examples of smaller, quirky productions that can get overlooked when voters have too much to watch and consider.

Best Varied Sketch Series: The Amber Ruffin Show

Amber Rufin.

Heidi Gutman / Peacock

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Peacock

I’m a record breaker on this show, which I also flagged as worthy of a nomination last year. Ruffin has done an amazing job developing this series on Peacock, with his rambling team of producers/writers/performers, while also being a screenwriter on Late Night with Seth Meyers. She educated her audience on the “true” meaning of CRT (Caucasian Race Tomfoolery), the ABCs of white privilege (assimilation, pink colored band-aids that are labeled “nude” and colonization), and how TV crime dramas are ” most effective and long-running advertising campaign of all time” for the American police officer.

Along with her illuminating elements on social issues, Ruffin is funny and charismatic in a quirky but appealing way — delivering overwhelming social commentary with the same singsong cadence she deploys when discussing Beyonce’s latest single. It’s high time for Ruffin to get a bigger stage, and a well-timed Emmy nomination might help do the trick.

Copyright 2022 NPR. To learn more, visit https://www.npr.org.

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BankPlus and FHLB Dallas provide home repair grant to Mississippi woman https://cedarsinnauburn.com/bankplus-and-fhlb-dallas-provide-home-repair-grant-to-mississippi-woman/ Thu, 23 Jun 2022 20:56:49 +0000 https://cedarsinnauburn.com/bankplus-and-fhlb-dallas-provide-home-repair-grant-to-mississippi-woman/

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The Special Needs Assistance Program provided $7,000 for a new roof

JACKSON, Mississippi–(BUSINESS WIRE)–Mary Holmes, a retired resident of Jackson, Mississippi, is living comfortably in her home again after receiving Special Needs Assistance Program (SNAP) funding to replace her roof. After years of uncertainty about how she could afford to replace her aging roof, Ms Holmes received a $7,000 SNAP grant from BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas).

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220623005958/en/

A Jackson, Mississippi woman has lived in her home for 42 years and is thrilled with her new roof thanks to a $7,000 SNAP grant awarded to her by BankPlus and FHLB Dallas. (Photo: BusinessWire)

The roof was leaking and desperately needed replacing.

“I lived in this house for 42 years. It was brand new when I moved in, but over time repairs were needed and it’s hard to do that while living on a fixed income,’ Ms Holmes said.

Mark Ouellette, senior vice-president of BankPlus, said keeping residents comfortable and safe in their homes was a priority for the bank.

“Many of our customers have owned their homes for decades and as repairs progress, we are honored to be able to help them secure financing through SNAP and are grateful for our partnership with FHLB Dallas to make this happen. happen,” he said.

Through member institutions, SNAP provides grants for the repair and rehabilitation of owner-occupied housing for eligible individuals with special needs. FHLB Dallas has earmarked $1.5 million of its 2022 Affordable Housing Program funds for SNAP grants.

“We’ve worked with BankPlus to distribute SNAP funds to Mississippi families for many years,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “They understand the impact of this program on enabling residents to live independently and safely in their homes.”

For more information on SNAP, visit fhlb.com/snap.

About BankPlus

Founded in 1909, BankPlus is one of the Southeast’s leading regional banks serving consumers and businesses with the latest technology through a full range of financial services including retail banking, commercial banking, mortgages and wealth management. With over $6.5 billion in total assets, BankPlus operates more than 90 financial centers in Mississippi, Alabama and Louisiana. For more information about BankPlus, visit bankplus.net.

About Federal Home Loan Bank of Dallas

Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $62.6 billion as of March 31, 2022, is a cooperative owned by its members that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas . For more information visit our website at fhlb.com.

Business communication

Federal Home Loan Bank of Dallas

fhlb.com

(214) 441-8445

Source: Federal Home Loan Bank of Dallas

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Fishing day for children: “special” for all – The Troy Messenger https://cedarsinnauburn.com/fishing-day-for-children-special-for-all-the-troy-messenger/ Mon, 20 Jun 2022 22:59:23 +0000 https://cedarsinnauburn.com/fishing-day-for-children-special-for-all-the-troy-messenger/

The weather forecaster scheduled a warm, sunny day for the children’s fishing day at Clay Hill Farms on Saturday.

But that didn’t stop the kids from coming or the fish from biting.

“If it hadn’t been for the extremely hot weather, we probably would have had a lot more kids, but we had a great group and I think most of them caught fish,” Jerry said. Jinright, Pike County Conservation Law Enforcement Officer. “And they caught strings of fish and some big ones.”

The young anglers who caught the heaviest fish were: 5-8 year old Benji Lassiter, 10.8 lbs, 10 fish; 9-12, Nick Collins, 9.8 lbs, 10 fish; and ages 13-15, Trenton Bryan 7.15 lbs, 9 fish.

The winning angler used livers or Catfish Charlie as bait, but only laughed when asked if he was chewing his bait.

Jinright thanked Carol Dorrill and John Dorrill III and their family for organizing the Children’s Fishing Day.

The Dorrill family have long been supporters of the annual Kids Free Fishing Day and they all remain strong advocates for young people.

“We appreciated the opportunity to continue a tradition that meant so much to my husband, John,” said Carol Dorrill. “He looked forward to Children’s Fishing Day every year. He would like us to continue what he started. We appreciate it as much as the children and we thank everyone who allows us to organize this special day on Father’s Day weekend.

Gary Weil, formerly of Banks, brought his son, Lukas, fishing as a Father’s Day weekend treat for the two of them.

“Spending time together, doing something fun and a learning experience is special,” Weil said. “We appreciate this invitation to ‘go fishing’.” We thank those who made this possible for Lukas and me and everyone else. We had a great time here at Clay Hill Farms.”

Children’s Fishing Day was sponsored by Walmart, the Alabama Conservation Officers Association and the Alabama Division of Wildlife and Freshwater Fisheries. The event is partially funded by the Federal Sport Fish Restoration Program.

The Alabama TREASURE Forest Association donated $500 for catfish that were added to the pond to maintain stock so kids who fish have a better than chance of catching a fish. This year, more than 208 catfish were caught for an average of seven fish per child. It’s good fishing, guys.

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SNAP 2022: Is My State Distributing Extra EBT Food Stamp Money in June? https://cedarsinnauburn.com/snap-2022-is-my-state-distributing-extra-ebt-food-stamp-money-in-june/ Sat, 18 Jun 2022 16:50:20 +0000 https://cedarsinnauburn.com/snap-2022-is-my-state-distributing-extra-ebt-food-stamp-money-in-june/

ljubaphoto/Getty Images

Emergency allowances were authorized under the Families First Coronavirus Response Act to help meet temporary food needs during the pandemic for SNAP households. According to the United States Department of Agriculture, EA amounts are equal to the maximum benefit for household size minus their monthly base benefit.

Read more: Stimulus updates to know for Spring 2022
Find out: Here’s how much cash you need to hoard if a national emergency occurs

State SNAP agencies can issue EA payments on a monthly basis to all SNAP households that normally receive less than the maximum benefit. Households that are at or near the maximum SNAP benefits receive little or no additional support.

Best Savings Accounts: Choose a high interest savings account from our top banks with rates 5 to 10 times the national average and start saving today.

EA payments can be made as long as there is a national public health emergency and the state has a state-level declaration of emergency in place. The current PHE is due to expire on July 15.

POLL: Have you skipped any of these essential expenses due to rising prices?

Currently, no COVID-19 waivers allowing emergency allocations to be issued have been extended to any state for June 2022. However, eligible school children and daycare children may receive temporary emergency food assistance (P -EBT) over the coming summer months.

Under the First for Families Coronavirus Response Act (the FFCRA), states with an approved extension for a covered summer period can issue P-EBT benefits regardless of the student’s school status, COVID-related absences, virtual learning days, or cutlery operating status. nursery.

Check Out: 8 Best Foods to Buy at Costco
Learn: The Best States for Deportation Assistance

The following states and territories have been approved to operate a P-EBT program in the 2021-22 school year:

  • Alabama
  • American Samoa
  • Colorado
  • Connecticut
  • Delaware
  • District of Colombia
  • Florida
  • Indiana
  • Illinois
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Nebraska
  • Nevada
  • New Mexico
  • North Carolina
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Porto Rico
  • Rhode Island
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • West Virginia
  • Wisconsin

More from GOBankingRates

About the Author

Josephine Nesbit is a freelance writer specializing in real estate and personal finance. She grew up in New England but is now based in Ohio where she attended Ohio State University and lives with her two toddlers and her fiancé. His work has appeared in print and online publications such as Fox Business and Scotsman Guide.

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What is crypto lending and what happened with Celsius? https://cedarsinnauburn.com/what-is-crypto-lending-and-what-happened-with-celsius/ Thu, 16 Jun 2022 17:49:26 +0000 https://cedarsinnauburn.com/what-is-crypto-lending-and-what-happened-with-celsius/
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Savers frustrated by the paltry returns offered by banks in recent years seem to have found a solution: so-called crypto loan accounts that can pay interest rates of 18% or more. Millions have accrued in these products offered by upstarts including Celsius Network, introducing a whole new cohort of cryptocurrency investors. It now appears that some of those stunning returns were too good to be true. After amassing more than $20 billion in assets at its peak, Celsius saw the value of its deposits plummet until it was plunged into a solvency crisis, dealing another blow to already fragile public confidence. world of cryptography.

1. What is crypto lending?

At first glance, crypto loan accounts look a lot like savings accounts offered by banks, but with cryptocurrencies instead of traditional cash. An investor opens an account, deposits cryptocurrency and earns interest. Many deposits are in Bitcoin, while other investors use stablecoins – tokens that are often priced at $1. Others use lesser-known and more volatile cryptocurrencies. Accounts generally pay interest in the same currencies that are deposited. Some have rates that change daily. Others offer a fixed rate and the money is locked in for a set period.

2. How big is the crypto loan?

It’s still tiny compared to traditional banking, but it’s grown rapidly. Celsius said it had nearly $11.8 billion in deposits on May 17, while BlockFi Inc. in mid-June reported deposits of more than $10 billion. Gemini Trust Co. began offering accounts in February 2021 and said last August that it had more than $3 billion in deposits.

3. How can they afford high returns?

The companies that offer the accounts say they are able to lend customer deposits to institutional investors at even higher rates. These institutions sometimes need to borrow crypto to execute their own transactions, such as betting that the price of crypto will drop or to take advantage of price differences in other financial instruments. But regulators said they believe some crypto credit companies were using the money for other business activities. Some may invest client funds in riskier crypto projects, making a profit on bets and pocketing the difference. The bottom line is that there are no uniform rules for companies to disclose exactly what deposits can and cannot be used for. The same goes for decentralized finance, or DeFi, instruments that also attract crypto investors with exorbitant interest payments.

4. How does crypto lending differ from DeFi?

Celsius, BlockFi, and other crypto lending companies deal directly with their customers and pay them interest. With DeFi, it can simply be computer code, rather than an intermediary, that handles borrowing, lending, and interest payments. Lending crypto to earn interest via DeFi is sometimes referred to as yield farming. This in turn is different from staking, where holders of a cryptocurrency let their tokens be used to help order transactions on the blockchain, or digital ledger, which is used by that coin.

5. What happened with Celsius?

Its latest troubles began after Celsius made a large investment in a staking token called stETH. StETH allows people – and businesses like Celsius – to stake on the Ethereum blockchain and earn additional returns through DeFi. A sharp drop in the value of crypto assets in May left stETH trading at a discount and the token became more illiquid. This made it harder for Celsius to raise funds for redemptions when users wanted to withdraw their funds. On June 12, Celsius announced it was halting withdrawals due to “extreme market conditions,” an apparent effort to stave off the digital equivalent of a bank run.

6. What have regulators done regarding crypto lending?

Regulators and investor advocates worry consumers may realize they’re taking far more risk than they would with a bank savings account. Since crypto accounts are not FDIC insured, customers can lose their deposits if a company goes bankrupt, is hacked, or loses customer funds. Few of the companies offering the accounts sought approval from US federal regulators first, which has already caused a backlash. In July 2021, securities regulators in Alabama, Texas, New Jersey, Kentucky, and Vermont filed suits against BlockFi alleging the company was offering unregistered securities. Several of the same states have filed suits against Celsius. Coinbase Global Inc. planned to offer similar accounts, but dropped that proposal after the Securities and Exchange Commission said it might sue the company. BlockFi announced in February that it would seek SEC approval for accounts that pay customers high returns for lending their crypto in a record $100 million settlement with market watchdogs. federal and state securities.

7. What could change as a result of the Celsius problems?

The crisis at Celsius could accelerate the regulatory crackdown. Financial watchdogs seem to view crypto lenders as some of the lowest fruit in their bid to bring law and order to the broader crypto industry. After all, with companies like Celsius and BlockFi, there is a clear entity to pursue, which is not always the case in DeFi transactions.

8. What if crypto accounts are considered securities?

The designation opens companies up to a whole new regime of registrations and disclosure requirements to make products safer. That would likely mean higher costs for crypto firms, and perhaps an end to those gargantuan returns for investors.

More stories like this are available at bloomberg.com

]]> The cost of gas has a local food bank feeling the impact of inflation https://cedarsinnauburn.com/the-cost-of-gas-has-a-local-food-bank-feeling-the-impact-of-inflation/ Tue, 14 Jun 2022 22:36:00 +0000 https://cedarsinnauburn.com/the-cost-of-gas-has-a-local-food-bank-feeling-the-impact-of-inflation/ The North Alabama Food Bank says it’s seeing an increase in day-to-day expenses because inflation has doubled the cost of everything.

HUNTSVILLE, Ala. – Many people are dealing with the effects of inflation and high gas prices…

And according to Shirley Schofield, CEO of the Food Bank of North Alabama, they see it too.

“However, the main way we’re seeing the increase is in the cost of fuel, our fuel costs have almost doubled. That’s probably the biggest impact we’re seeing on our ability to get food to people… We do but it’s definitely more expensive than it was,” says Schofield.

Schofield says more people need food.

“We are also seeing an increase in the number of people… Just as we are experiencing these increases in fuel and the cost of food and shortages in some areas… Families too.”

People also cannot drive to mobile pantries to get food because gasoline is too expensive.

“We have the food we need. It just costs us a lot more”

Schofield also says the summer months are tougher for them and encourages the community to hold food drives.

“It’s always a good time to do a little food drive in your community and have it go to the food bank.”

What is the North Alabama Food Bank?

We feed the hungry today AND creating solutions that will end hunger tomorrow.

We accomplish this mission by providing 13 million pounds of food annually to a network of more than 200 food pantries, shelters and children’s programs in 11 northern Alabama counties. Together, we feed more than 80,000 people at risk of hunger every year.

We also tackle the root causes of hunger through large-scale collaborations and local food initiatives that promote entrepreneurship and access to healthy food in our region.

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Foster Farms sold to Connecticut-based conglomerate https://cedarsinnauburn.com/foster-farms-sold-to-connecticut-based-conglomerate/ Sat, 11 Jun 2022 04:02:10 +0000 https://cedarsinnauburn.com/foster-farms-sold-to-connecticut-based-conglomerate/

Local poultry powerhouse Foster Farms is under new ownership, as the sale of the family business was announced earlier this week to Atlas Holdings, a global conglomerate based in Greenwich, Connecticut.

Atlas and its subsidiaries own and operate 25 businesses in more than 300 facilities worldwide. Atlas operates in sectors such as aluminum processing, automotive, building materials, capital goods, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products.

Atlas acquired Foster Farms’ processing facilities in California, Washington, Louisiana, Oregon and Alabama, as well as the company’s 10,000 employees.

“We are delighted to welcome Foster Farms to the Atlas family of leading global companies,” Atlas Partners Sam Astor, Ed Fletcher and Mike Sher said in a statement released. “We have a long history of partnering with proud family businesses to honor their past while fostering additional operational, environmental and financial success for the next generation.”

Atlas also announced that longtime poultry industry leader Donnie Smith, former Chairman and CEO of Tyson Foods, has been named the new Chief Executive Officer and Chairman of the Board of Foster Farms. Smith spent 36 years with Tyson in roles spanning all business functions. He was named CEO in 2009, a position he held until his retirement in 2016. Under his leadership, Tyson experienced record growth, entered new markets and expanded its product offering, remaining true to the legacy of Tyson while forging his way as one of the world leaders. largest food companies.

“I love the poultry industry and I’m proud that Atlas asked me to become the CEO of Foster Farms,” ​​Smith said. “I have long been an admirer of the Foster family and the business they have built over the past eight decades. In this new era, we will maintain and grow this legacy, rooted in animal welfare, quality superior products, customer service and community involvement.”

Founded in 1939 on a small farm, Foster Farms has grown into a leading brand of fresh chicken in the West with products available nationwide. The company is also known for its generous donations to local food banks. Every year before Thanksgiving, Foster Farms donated thousands of pounds of turkey to West Coast food banks, including the San Joaquin and Stanislaus Counties Second Harvest Food Bank. In 2020, the company stepped up efforts to donate an additional 420,000 servings of poultry to California and Washington state food banks to help families economically impacted by COVID-19.

In recent years, however, the company has had its fair share of problems.

In May, Foster Farms and its contracted staffing agencies were ordered to pay $3.8 million in fines after the California labor commissioner cited the company for failing to notify 3,476 workers of availability. additional paid sick leave for COVID-19.

In 2020, a Merced County judge granted a temporary restraining order sought by the United Farm Workers of America union against Foster Farms, where a virus outbreak at its Livingston plant killed nine people and sickened others. hundreds earlier this year. The factory has been ordered to close temporarily.

Also in 2020, the Animal Legal Defense Fund sued Foster Farms for wasting water when slaughtering chickens by “electrical immobilization”.

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Committee a “Trojan horse” to end the electoral college https://cedarsinnauburn.com/committee-a-trojan-horse-to-end-the-electoral-college/ Thu, 09 Jun 2022 18:02:58 +0000 https://cedarsinnauburn.com/committee-a-trojan-horse-to-end-the-electoral-college/

McCarthy calls committee illegitimate, political, divisive

House Minority Leader Kevin McCarthy called the Jan. 6 special committee political and illegitimate.

“Speaker Pelosi’s Jan. 6 select committee is unlike any other committee in American history,” he said at a press conference Thursday. “In fact, it is the most political and least legitimate committee in American history.”

McCarthy said the Committee declined to investigate the “actual circumstances” that led to the riot.

He said the Committee had “permanently damaged the House” and divided the country.

“It’s a smokescreen for the Democrats to advance their radical agenda,” he said.

McCarthy said the hearing is a distraction from the issues of high inflation, record gas prices, formula shortages and an “unsecured” border.

He said the violence on Capitol Hill was “wrong” and that Republicans have “repeatedly spoken out against it.”

“Securing the Capitol is not the purpose of the select committee,” he said.

McCarthy said Pelosi rejected minority choices for representatives to sit on the committee, including Jim Banks and Jim Jordan. He said it goes against a 232-year precedent in the House.

There are two Republicans on the committee; Representatives Liz Cheney of Wyoming and Adam Kinzinger of Illinois.

Instead, McCarthy said Pelosi nominated “radical” Democrats like Speaker Bennie Thompson and Reps. Jamie Raskin and Adam Schiff.

He accused Democrats of using the Jan. 6 Capitol riot to “avoid accountability” for making the country less secure, referring to the recent California election.

Although Pelosi dismissed their ability to participate, McCarthy said House Republicans will continue to conduct their own investigation into the Jan. 6 events.


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