Lending – Mov Soc http://movsoc.org/ Fri, 28 May 2021 18:30:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://movsoc.org/wp-content/uploads/2021/05/mov-soc-icon.png Lending – Mov Soc http://movsoc.org/ 32 32 How to buy Bitcoin in New York • GEEKSPIN http://movsoc.org/how-to-buy-bitcoin-in-new-york-geekspin/ http://movsoc.org/how-to-buy-bitcoin-in-new-york-geekspin/#respond Wed, 07 Apr 2021 23:16:32 +0000 http://movsoc.org/how-to-buy-bitcoin-in-new-york-geekspin/

If you are from New York State, you may have discovered that not all cryptocurrency exchanges allow you to buy crypto through them. Since the introduction of Virtual Currency Business Activity Licenses, also known as BitLicenses by the New York Department of Financial Services (NYDFS) in 2015, residents of New York State cannot purchase assets. crypto exchanges only from certain licensed crypto exchanges.

Can you buy cryptocurrency in New York?

Out of over a hundred crypto exchanges and other crypto asset management sites, only about twenty are registered with the NYDFS. The limited number of crypto asset sites licensed to operate in New York State leaves a few choices for purchasing Bitcoin or other crypto assets.

What crypto exchanges are allowed to operate in New York?


Coinbase is one of the world’s largest cryptocurrency trading platforms, with over 30 million users in 100 countries. One of the oldest crypto exchanges, Coinbase, was founded by Fred Ehrsam and Brian Armstrong in 2012. Initially, they only sold Bitcoin to customers, but grew into one of the busiest exchanges in the world of cryptography.


  • Healthy selection of currencies
  • Has never been hacked
  • One of the easiest interfaces to use for beginners

The inconvenients

  • High fees
  • Customer support is uncertain
  • Website subject to crashes

Coinbase Pro

How To Buy Bitcoin In New York 13

A subsidiary of Coinbase, Coinbase Pro has quickly grown into one of the go-to exchanges in the crypto world, mainly due to its intuitive, user-friendly platform and low fees.


  • Being a Coinbase grant, its user interface is intuitive and easy to use
  • Insured against platform hacks
  • High liquidity

The inconvenients

  • Customer support is lackluster
  • Trading fees for retail investors are high


How to Buy Bitcoin in New York 14

BitPay started as a merchant processor in 2011, founded by Tony Gallippi and Stephen Pair. Its user interface is intuitive and easy to use. The BitPay app is a secure, non-custodial, open source wallet application that allows customers to buy, store, trade and spend cryptocurrencies based on the company’s open source CoPay wallet.


  • Possibility to pay in your own currency
  • Easy to use
  • They offer an encrypted debit card

The inconvenients

  • Bitpay was hacked in 2015, but CoPay was never hacked



Initially based in Luxembourg and founded in 2011 by Nejc Kodrič and Damijan Merlak in a garage for only 1000 €, BitStamp has grown into one of the leading crypto exchanges in Europe.


  • Excellent customer support
  • Supports payment in Fiat currency to buy cryptocurrency

The inconvenients

  • User interface is complicated to use
  • It’s a peer-to-peer sale – you don’t buy coins from the exchange itself.



Launched in 2018 by financier Zac Prince, the platform offers several financial services, including paid accounts, crypto trading accounts, loans backed by crypto assets as collateral, and encrypted credit cards.


  • Backed by major financial lenders like Fidelity and SoFi
  • Mostly free or low cost services
  • Pay one of the best interest rates on Bitcoin accounts
  • New York based company

The inconvenients

  • User interface more difficult for a novice user to understand



Renowned as one of the first exchanges to provide crypto asset backed loans, Nexo is a cryptocurrency exchange that makes it easy to get fiat currency loans against your crypto assets. Based in Switzerland, this crypto trading platform is operational in more than 100 countries.


  • It is well insured against platform hacks.
  • High Yield Interest Bearing Accounts
  • Simple to use and intuitively designed app for users of all skill levels.

The inconvenients

  • Few tutorials for new users.
  • Cannot buy cryptocurrencies on the Nexo platform itself



Celsius is another player in the decentralized finance (or DeFi) industry that has recently gained popularity due to its controversial lending practices in providing unsecured loans to high net worth clients. It has also gained momentum due to the ease of finding fiat currency loans at a minimum interest rate.


  • User-friendly mobile application.
  • Great rewards program
  • Can disburse payments instantly through the Celpay program

The inconvenients

  • Limited choice of cryptocurrencies
  • Very few learning resources for new users

Which crypto exchange do we recommend if you are in New York?

After weighing all the pros and cons, we recommend that you buy your Bitcoin and crypto as a New York resident from Coinbase or Coinbase Pro. Both platforms are well funded with high liquidity, have not had any significant security or hacking issues, and overall are highly reliable platforms.

What crypto exchanges can you earn interest with in New York?

Due to NYDFS reporting requirements and other entanglements, interest-bearing accounts could only be opened on the following exchanges:

  1. Nexo
  2. Gemini
  3. Coinbase

In conclusion, the NYDFS requirements for granting BitLicenses may create less choice as to where to buy Bitcoin if a New Yorker. Still, it turned out to protect the average New York resident from fraud or misrepresentation from a website touting investment opportunities in the crypto world.

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Johnson on Liberty Steel: we will use the freedom of Brexit to find a solution http://movsoc.org/johnson-on-liberty-steel-we-will-use-the-freedom-of-brexit-to-find-a-solution/ http://movsoc.org/johnson-on-liberty-steel-we-will-use-the-freedom-of-brexit-to-find-a-solution/#respond Wed, 07 Apr 2021 23:16:06 +0000 http://movsoc.org/johnson-on-liberty-steel-we-will-use-the-freedom-of-brexit-to-find-a-solution/

LONDON (Reuters) – British Prime Minister Boris Johnson said on Thursday he had high hopes the government could find a solution for Liberty Steel, which is struggling to raise capital after the collapse of its biggest lender, Greensill Capital.

FILE PHOTO: The Liberty Steel flag flies over the steelworks in Dalzell, Scotland, Britain April 8, 2016. REUTERS / Russell Cheyne

The steelmaker, which employs 3,000 people in Britain and is part of the GFG Alliance conglomerate, has been rocked by the failure of Greensill, which had granted multibillion dollars in loans.

When asked if he would step in to make sure no jobs are lost at Liberty Steel, Johnson said: “I think British steel is a great national asset and the fact that we are making steel. ‘steel in this country is of long-term strategic importance.’

“I am optimistic that we will find a solution,” he said. “It would be crazy not to take advantage of this post-Brexit moment, not to use the flexibility we have, to buy British steel. So that’s what we want to do. “

Johnson said the COVID-19 crisis has shown how important it is not to overly depend on imports of critical items.

He said the government’s infrastructure plans, including wind farms, railways and nuclear power plants, would all need steel.


Liberty Steel owner Sanjeev Gupta has urged creditors not to pull the plug, saying it has generated huge interest from financiers willing to refinance billions of dollars in debt to Greensill. He gave no details on specific offers.

Gupta said it was natural for lenders to want to protect their position, adding that there had been positive discussions with Grant Thornton, administrator of Greensill.

“It makes no sense for them or for any of the creditors to destroy jobs, but mostly to destroy value because it is the value that will give them the recovery,” Gupta, 50, told the radio. from the BBC.

The steelmaker has requested an emergency loan of 170 million pounds ($ 234 million) in the wake of the Greensill collapse.

But UK Business Secretary Kwasi Kwarteng said on Tuesday he was concerned about the “opaque structure” of the GFG and that there was no guarantee that financial support would remain in the country.

Gupta said he saved thousands of jobs at UK steelworks. Asked about the government’s concerns, he said a key issue was that Greensill had the security of many Liberty assets.

He said his global operations were profitable overall and that he would support his UK business.

“None of our steel plants under my supervision will be closed,” he said.

(1 USD = 0.7273 pounds)

Reporting by Guy Faulconbridge; edited by William Schomberg and Jason Neely

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Small businesses see sales rise as vaccination rates rise http://movsoc.org/small-businesses-see-sales-rise-as-vaccination-rates-rise/ http://movsoc.org/small-businesses-see-sales-rise-as-vaccination-rates-rise/#respond Wed, 07 Apr 2021 23:15:54 +0000 http://movsoc.org/small-businesses-see-sales-rise-as-vaccination-rates-rise/

TAMPA, Florida – As we continue to bounce back from the COVID-19 pandemic, Florida small business owners say they see the light at the end of the tunnel. With vaccination rates rising daily, experts said more families are choosing to venture out and spend money on services.

Jordan Levine refused to let the pandemic prevent him from opening his living room, Tip in Tampa.

“I’ve always dreamed of doing nails,” Levine said. “It has always been my passion.”

However, the process was far from easy. Back in March, Levine had hoped to be open in May, but pandemic closures have left her without essentials and nail technicians.

“The warehouses have closed and no one is providing anything,” Levine said. “How can we get things?”

But today, it is only days away from a grand official opening.

Experts said what really turned the corner was the passage of the latest CARES law, which injected money into the economy and supported small businesses like Tipped in Tampa.

This has managed to convince some people, ”said Kathryn Petralia, President of Kabbage, an American Express company. “Also the consumer relieves himself because he puts money in people’s pockets which they can use in their local businesses.”

Kabbage is an online financial technology company that provides financing directly to small businesses.

They recently surveyed over 500 small businesses across the United States.

The results show that 57% of small businesses surveyed say their businesses are fully open as local or federal closings ease and the shift to online sales has reset small business revenue expectations.

When asked to forecast their revenue growth forecast for next month compared to last year, the average response from all respondents was a 21% increase. The largest small businesses were the most optimistic, forecasting 46% revenue growth, followed by small mid-sized businesses (40%), and then smaller businesses (13%).

Kabbage found it had a lot to do with Paycheck Protection Program loans. This is a loan designed to provide a direct incentive for small businesses to keep their employees on their payroll. Borrowers may be eligible for PPP loan cancellation.

SBA currently offers PPP ready until May 31, 2021. President Biden announced program changes make access to PPP loans more equitable.

“The idea is that it has this cumulative effect,” said Petralia.. “So not only can the company stay in business, but also people can stay employed.”

Levine did not take any PPP loans, but said the injection of stimulus money, along with rising vaccination rates, gave him and other small businesses in Florida a bullish outlook.

“It’s really nice to see more people come in, without being afraid to leave,” Levine said.

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Fulham completes late brace for Ruben Loftus-Cheek and £ 8million defender Tosin Adarabioyo http://movsoc.org/fulham-completes-late-brace-for-ruben-loftus-cheek-and-8million-defender-tosin-adarabioyo/ http://movsoc.org/fulham-completes-late-brace-for-ruben-loftus-cheek-and-8million-defender-tosin-adarabioyo/#respond Wed, 07 Apr 2021 23:15:49 +0000 http://movsoc.org/fulham-completes-late-brace-for-ruben-loftus-cheek-and-8million-defender-tosin-adarabioyo/

Fulham completes a double final blow for Ruben Loftus-Cheek and Tosin Adarabioyo … with Scott Parker adding the Chelsea midfielder on loan and Manchester City defender in a permanent £ 8million contract

Fulham has sealed a one-season loan for Chelsea midfielder Ruben Loftus-Cheek.

The midfielder was at the top of the target list and Sportsmail understands that Chelsea will subsidize part of his salary in the coming season.

Scott Parker has also managed to bring in Manchester City defender Tosin Adarabioyo on a permanent £ 8million deal ahead of Monday night’s deadline as the Cottagers aim to start their season with the new signings.

Fulham signed Ruben Loftus-Cheek on a one-season loan from neighbors Chelsea

Loftus-Cheek was exiled by Chelsea coach Frank Lampard and had not played for the Blues since being replaced in the opening day win over Brighton on September 14.

Fulham owner and sporting director Tony Khan tweeted: ‘Ruben is a world class player at the peak of his career, he has gained a lot of Premier League experience and we believe he will be so valuable to our club in our fight before us! Come on Fulham!

Speaking of his loan transfer which will see him stay in West London, 24-year-old midfielder Sadi: “ I’m really happy to come ‘next door’, if you will!

“ I watched Fulham at the start of the season and they looked like they were playing decent football.

Loftus-Cheek was exiled by Chelsea boss Frank Lampard ahead of his loan transfer to London

Loftus-Cheek was exiled by Chelsea boss Frank Lampard ahead of his loan transfer to London

“With this manager, I think I can get my best football back. That’s the main thing for me, finding my form and helping this team win games. ”

Meanwhile, Fulham also secured a three-year contract for city defender Adarabioyo as Parker’s long wait for a new center-back came to an end.

The list of players shortlisted for the post was long and included Jean-Clair Todibo of Barcelona, ​​but the 20-year-old Frenchman joined Benfica on a two-year loan.

The 23-year-old had spent the last two seasons on loan at West Brom and Blackburn and will aim to appear in the Premier League for the first time in his career.

Tosin Adarabioyo has also moved to Craven Cottage as part of an £ 8million deal with Manchester City

Tosin Adarabioyo has also moved to Craven Cottage as part of an £ 8million deal with Manchester City

Fulham was linked with Barcelona man Jean-Clair Todibo but ended up joining Benfica

Fulham was linked with Barcelona man Jean-Clair Todibo but ended up joining Benfica

Khan tweeted: “ Tosin has developed as a player and has become a formidable defender on loan to the Championship over the past two seasons, where we saw his contributions to Blackburn Rovers last season during our promotion campaign. ”

The player told the club’s official website: “ I am very excited, very excited to start and finally play Premier League football.

“ I felt the time had come to leave the [Man City] and continue. It was the right time in my career to move on and hopefully get a lot of Premier League games. ”


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SBI raises the minimum interest rate on home loans. Check the details http://movsoc.org/sbi-raises-the-minimum-interest-rate-on-home-loans-check-the-details/ http://movsoc.org/sbi-raises-the-minimum-interest-rate-on-home-loans-check-the-details/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/sbi-raises-the-minimum-interest-rate-on-home-loans-check-the-details/

The revised interest rate on State Bank of India home loans is likely to prompt other lenders to follow suit. This is a sign that the interest rates on home loans will be further increased. Here’s all you need to know:

SBI raised the minimum interest rate on home loans from April 1, 2021 (Photo: Reuters)

The country’s largest public lender, the State Bank of India (SBI), recently raised the minimum mortgage interest rate by 25 basis points (bps), from 6.70% to 6, 95%. The interest rate hike on SBI home loans came into effect on April 1, 2021.

SBI’s hike in mortgage interest rates will likely prompt other lenders to follow suit in the near future. This is a sign that the interest rates on home loans will be further increased.

It can be noted that the the public lender lowered the minimum interest rate to 6.70% by 6.80 percent on March 1, 2021. However, this was a limited time offer for interested buyers.

The bank not only increased the minimum interest rate from April, but added processing fees on all home loans. SBI is expected to charge 0.40 percent of the loan plus GST – subject to a minimum of Rs 10,000 and a maximum of Rs 30,000 plus GST – as a processing fee.

SBI, however, has mentioned on its website that for builder’s mooring projects where the TIR survey and assessment report or individual title is not required, the processing fee will be 0.40%. of the loan amount, subject to a maximum amount of Rs 10,000 plus GST. .

In a scenario where the TIR is required, normal charges will apply. Previously, the bank waived mortgage processing fees until March 31, 2021.

Last month, SBI said its Rs 5 lakh crore home loan portfolio was the largest, making it a market leader in the segment. Not only SBI, but other banks like HDFC Bank, ICICI Bank and Bank of Baroda are also expected to increase mortgage interest rates soon.

Click here for IndiaToday.in’s comprehensive coverage of the coronavirus pandemic.

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Mortgage rates have simply jumped. Is this the end of super cheap loans? http://movsoc.org/weekend-payday-loans-direct-lender/ http://movsoc.org/weekend-payday-loans-direct-lender/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/mortgage-rates-have-simply-jumped-is-this-the-end-of-super-cheap-loans/ Mortgage rates have simply jumped. Is this the end of super cheap loans?

Mortgage rates have skyrocketed, according to a popular survey, with a mix of politics and positive vaccine news pushing rates north of all-time lows.

Analysts say financial markets expect brighter days to come, supported by President-elect Joe Biden’s plan for further relief from COVID. Optimism is pushing interest rates up.

While last week’s surge was the biggest since last March for mortgage rates, they are still at lows that were unthinkable before the pandemic hit.

Low rates have extended last year’s refinancing frenzy into the new year, as homeowners continue to take out new loans for chop their monthly mortgage payments, sign in to your oakparkfinancial.com plus …

Rates catapult off their all-time low

Studio Doubletree / Shutterstock

Mortgage rates are on average 2.79% for a 30-year fixed-rate loan, up from the all-time low of 2.65% the week before, mortgage giant Freddie Mac said Thursday.

But 30-year home loans are still miles below this period last year, while they were on average 3.65%.

Last week’s increase appears to be the largest since the benchmark mortgage rate fell from 3.36% to 3.65% in mid-March last year.

Rates are now rising because the incoming Biden administration looks likely to pass another massive coronavirus aid package. The potential for increased public debt leads to higher interest on treasury bills, followed by mortgage rates.

“COVID stimulus can do great things for people in the short term and for the economy in the long term, but they do bad things for interest rates (assuming you like rates low, it ie), ”says Matthew Graham, chief operating officer of Mortgage News Daily.

Where do the fares go from here?

Worried businessman wearing surgical mask checking his smartphone for coronavirus news updates outdoors
PeskyMonkey / Shutterstock

“The way forward for mortgage rates will be dictated by our ability to contain and deal with COVID-19, as well as improving labor markets,” says Matthew Speakman, economist at Zillow.

“A prolonged upward peak is far from inevitable,” he adds.

Rates on other mortgages also rose last week, according to the Freddie Mac survey. The 15-year fixed-rate loan averaged 2.23%, down from 2.16% a week earlier. These mortgages, often used for refinancing loans, remain well below last year, when the average was 3.09%.

Average rates for 5/1 Adjustable Rate Mortgages, or ARMs, fell to 3.12% from 2.75% the week before, still far from the 3.44% last year.

“Borrowers are smart to take advantage of these low rates now and will certainly take advantage of them,” said Sam Khater, chief economist at Freddie Mac.

How to join the race on refis

Smiling Father, Mother And Son Pet And Play With Smooth Fox Terrier Retriever Dog.  The sun is shining on an idyllic happy family
Gorodenkoff / Shutterstock

Many homeowners have done all of this because refinance loan applications have nearly doubled the pace of a year ago, reports the Mortgage Bankers Association.

But more than 19 million mortgage holders are still waiting to be paid off and could save an average of $ 308 per month on a new loan, according to mortgage technology and data provider Black Knight. Good candidates for refinancing include those with strong credit scores and at least 20% of the equity in their home.

Experts say buyers should collect and compare at least five quotes to find the best deal – as rates can vary greatly from one lender to another.

If you wait too long and miss out on really cheap mortgage rates, you can find home savings elsewhere. A little comparative shopping can help get a lower price on your home insurance this could save you up to $ 1,000 per year.

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ECB plans more cheap bond purchases and loans in December as pandemic strikes http://movsoc.org/ecb-plans-more-cheap-bond-purchases-and-loans-in-december-as-pandemic-strikes/ http://movsoc.org/ecb-plans-more-cheap-bond-purchases-and-loans-in-december-as-pandemic-strikes/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/ecb-plans-more-cheap-bond-purchases-and-loans-in-december-as-pandemic-strikes/

FRANKFURT (Reuters) – The European Central Bank pledged on Thursday to take further action in December to contain the growing fallout from a second wave of coronavirus infections, likely in the form of more bond purchases or cheap credit for banks.

While the bank’s board of governors left the policy unchanged this time around, it was the clearest sign of new stimulus to come as new nationwide lockdown measures would make a further double-dip recession. more likely for the euro area economy.

“We all agreed that it was necessary to act and therefore to recalibrate our instruments at our next Governing Council meeting,” ECB President Christine Lagarde said at a conference. hurry.

Sources told Reuters that some policymakers at Thursday’s meeting were in favor of expanding the ECB’s Pandemic Emergency Purchase Program (PEPP), while others put more emphasis on expanding the ECB’s Pandemic Emergency Purchase Program (PEPP). focus on even more generous credit for banks through its targeted long-term refinancing operations (TLTROs), or a mixture of the two.

One of the open questions was about the size and makeup of the PEPP, which has used up nearly half of its 1.35 trillion euros ($ 1.60 trillion) firepower, and how to target it on the current situation, said one of the sources.

Lagarde said ECB staff were already working on “all instruments”.

“We are sticking to our forecast of a 500 billion euro expansion of the PEPP program that we have been looking at since June, but we believe more will come in parallel,” said Frederik Ducrozet, strategist at Pictet. Wealth Management.

The euro fell sharply against the US dollar after Lagarde’s speech and was last down 0.7% to $ 1.166. Yields on government bonds have fallen.

Lagarde has repeatedly said the risks to the region’s recovery are “clearly on the downside” and heavily dependent on the success of efforts to contain a new wave of infections threatening to overwhelm Europe this winter.

FILE PHOTO: A sculpture of the euro logo stands in Frankfurt on October 26, 2014. REUTERS / Ralph Orlowski / File Photo

The bloc’s biggest economies, Germany and France, announced new lockdowns overnight. Others, among the 19 countries that use the euro, are also in the process of shutting down much of their service sectors, a blow to the nascent recovery.

By buying around 100 billion euros ($ 118 billion) of debt per month, the ECB has already pushed borrowing costs to historically low levels, and the spreads between the borrowing costs of eurozone members have returned to pre-pandemic levels.

But there are clear limits to his powers and Ms Lagarde stressed that the European Union’s € 750 billion stimulus fund should not be delayed, saying monetary policy should be complemented by massive support from the EU. government.

“An ambitious coordinated fiscal stance remains essential,” Lagarde said, adding that she would not be surprised if individual governments offered more budget support given the deteriorating conditions.


The ECB’s problem is that the new COVID-19 restrictions call into question its view that the eurozone economy will grow back to its pre-crisis level by the end of 2022.

Inflation expectations, the main concern of the ECB, are also falling. While the threat of deflation is not yet on the agenda, inflation may fall short of the ECB’s target of nearly 2% for many years to come.

“The December staff projections will likely show that a return to the ECB’s inflation target could be further delayed,” said Elga Bartsch, head of macroeconomic research at the BlackRock Investment Institute.

The new COVID measures in France mean that people mainly have to stay at home, only going to work if their employer finds it impossible for them to do the work remotely. The schools will remain open.

Germany, whose economy was already losing strength, will close bars, restaurants and theaters in November, but schools will remain open and shops will be allowed to operate with strict access limits.

Spain, one of Europe’s worst COVID-19 hotspots, where the government plans to announce a six-month state of emergency, may already be back in recession, while Italy also unveiled new restrictions.

Lagarde said how the virus is handled by the end of the year would determine which side of zero the fourth quarter growth figure falls on.

“The ECB was there for the first wave, the ECB will be there for the second wave,” she said.

(1 USD = 0.8461 euros)

Written by Mark John; Editing by Catherine Evans and Jon Boyle

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West Ham reaches permanent loan deal for Dawson http://movsoc.org/west-ham-reaches-permanent-loan-deal-for-dawson/ http://movsoc.org/west-ham-reaches-permanent-loan-deal-for-dawson/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/west-ham-reaches-permanent-loan-deal-for-dawson/

London (AFP) – West Ham have agreed to sign loaner defender Craig Dawson from Watford as part of a permanent deal at the end of this season.

Dawson joined David Moyes’ side from the Championship club in October and played a key role in their unexpected rise to fourth in the Premier League.

He has scored three goals in 15 Premier League appearances as West Ham continue their Champions League qualification next season.

The 30-year-old center-back will now stay at London Stadium until at least 2023.

“Coming to West Ham has been a big step for me, and it’s a privilege to play for a club with such deep-rooted traditions,” Dawson told the West Ham website on Tuesday.

“The team has real solidarity, team spirit and great quality. I am excited about what my future at the club may hold in store for me and the potential of what we can continue to achieve as a club. “

Dawson, who played for Rochdale, West Bromwich Albion and Bolton earlier in his career, had to wait until the end of December for his Hammers debut, but he has always been in the top flight.

“Craig’s performance, attitude and impact shows why he deserves a permanent deal,” Moyes said.

“He must have been patient, but he came and took the opportunity with both hands. We are always looking to improve the team and Craig who is always joining us certainly does.

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Pelosi says COVID-19 stimulus will be carried out before Christmas http://movsoc.org/pelosi-says-covid-19-stimulus-will-be-carried-out-before-christmas/ http://movsoc.org/pelosi-says-covid-19-stimulus-will-be-carried-out-before-christmas/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/pelosi-says-covid-19-stimulus-will-be-carried-out-before-christmas/

WASHINGTON – House Speaker Nancy Pelosi on Friday pledged Congress would not leave for the Christmas recess without reaching a deal on coronavirus relief as a result blocking month led by Democrats.

During her weekly press conference, Pelosi (D-Calif.) Told reporters she spoke to Senate Majority Leader Mitch McConnell (R-Ky.) On Thursday about a potential deal and said that negotiations between the Democrats and the GOP were progressing.

“We are making progress,” Pelosi said.

“We will take the time we need and we have to do it,” she continued. “We cannot leave without it.”

$ 908 billion bipartite stimulus proposal unveiled on Monday by lawmakers frustrated with a lack of action received a stamp of approval from Pelosi, who said it would serve as a framework for negotiations.

The measure includes a federal unemployment supplement of $ 300 per week – up from $ 600 per week before it expires – and would add $ 288 billion in new forgivable Paycheck Protection Program loans for small businesses.

The next wave of aid is expected to be tied to a bigger spending bill ahead of the Dec. 11 deadline to avoid a partial government shutdown.

“We hope this gets us very close to something that we can put on the omnibus,” she said.

80-year-old speaker comes under increasing pressure to reach deal after Democrats spiked two targeted invoices of McConnell which would have included more unemployment assistance.

Pelosi and Democrats have claimed they previously couldn’t accept Republican relief packages because they didn’t include enough money for state and local governments and coronavirus testing.

But GOP sources speculated to the Post that Pelosi was unwilling to agree to a deal before the election, for fear of appearing to give President Trump a victory.

House Democrats have passed their convict $ 3 trillion in HEROES law in May, but Republicans worried about growing indebtedness blocked the deal and offered a $ 1 trillion counter-offer, which also failed to gain traction.

Pelosi and Senate Minority Leader Chuck Schumer (D-NY) reduced their demand to $ 2.2 trillion – leading reporters on Friday to question why Pelosi was now happy to strike a deal she had been fight for months.

“Don’t characterize what we’ve done before as a mistake as a preface to your question if you want an answer!” She’s lost her mind.

“It wasn’t a mistake, it was a decision and it brought us to a place where we can do the right thing,” she continued.

When asked what was different, Pelosi replied Joe Biden’s victory, an elected president who supports science, and the successful vaccine candidates, have “completely changed the game.”

House Speaker Nancy Pelosi speaks during her weekly briefing today on Capitol Hill.
House Speaker Nancy Pelosi speaks during her weekly briefing today on Capitol Hill.
Jacquelyn Martin / AP

“A new president and a vaccine. So there is nothing to compare. What was then is no longer that, ”she said.

“It’s okay now,” Pelosi said of the relief below what she demanded, “because we have a new president, a president who recognizes that we have to depend on science to stop the virus.”

The pandemic continues to set new records as winter approaches, with 14.2 million people in the United States contracting the disease that has killed 276,000 people.

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Hauser and Wirth to show controversial paintings by Philip Guston Klan http://movsoc.org/hauser-and-wirth-to-show-controversial-paintings-by-philip-guston-klan/ http://movsoc.org/hauser-and-wirth-to-show-controversial-paintings-by-philip-guston-klan/#respond Wed, 07 Apr 2021 23:15:48 +0000 http://movsoc.org/hauser-and-wirth-to-show-controversial-paintings-by-philip-guston-klan/

The New York-based Hauser & Wirth gallery will exhibit this fall a group of paintings by Philip Guston that led to the two-year postponement of the artist’s highly anticipated retrospective in four institutions, Artnet news reports. Concerns about the presentation of the late works, which depict hooded Klansmen, arose last summer following the Minneapolis police murder of George Floyd and the global rise of the Black Lives Matter movement. Curators from the four host institutions – the National Gallery of Art in Washington, DC; the Boston Museum of Fine Arts; the Houston Museum of Fine Arts; and Tate Modern in London – took the controversial decision to advance the exhibition by four years, citing the need to provide an appropriate context for the paintings. The show was eventually postponed to 2022, after hundreds of luminaries in the art world signed a open letter protesting against his delay.

The exhibition at Hauser & Wirth, which has represented the artist’s domain since 2015, will open on September 9; titled “Philip Guston, 1969-1979”, it will present works from the last decade of Guston’s career, a period marked by his return from abstract expressionism, a style he helped to establish, to figuration. Citing the timing of the show as “urgent” because of its relevance to the current cultural moment, gallery president Marc Payot noted that “the racial calculation and widespread calls for social justice have rightly been brought so many Americans to the streets over the past couple of years – especially since the murders of George Floyd, Breonna Taylor and many others – echo the context in which Guston made these later works.

Many of the works in the exhibition arrive at the gallery thanks to loans from museums and private collections; a number of them have never been publicly exhibited. Payot says the exhibition is not a response to the postponement of the exhibition, but rather part of the gallery’s larger shot, which to date has seen her mount exhibitions of Guston’s work in tune with different periods of his career.

“Yes, these are difficult works with painful images that evoke deep trauma,” he said. “But at the gallery, the paintings will speak for themselves. Guston’s perspective on the human condition and his voice for social justice are now evident. The show will be accompanied by public programs and critical writings.


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