Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy First Heatwave Expected Next Week Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Name (required) Mail (required) (not be published) Website More Cool Stuff Subscribe A diverse group of elected officials, faith-based leaders and homeless service providers from throughout San Gabriel Valley – led by L.A. County Supervisor Kathryn Barger – joined together at Union Station Homeless Services for a rally Friday in support of Measure H which is the the critical March 7 vote that aims to tackle the growing homelessness challenges in L.A. County.“We live in a society where we have to do better. We need to do a better job in reaching out to the mentally ill, looking at the laws that are on the books, addressing the fact that we have a problem and give these people not a hand out, but a hand up and that’s what Measure H will do. It will empower the cities and allow the county to work with them to provide services,” said 5th District L.A. County Supervisor Kathryn Barger.Measure H will help people across L.A. County, including women and children, veterans, and those with mental illness, get the help they need and break the cycle of poverty, according to a press release.“The whole purpose of the meeting today was to get people to realize that this Measure H that’s coming for the ballot on March 7–it’s going to be life changing. It can basically affect thousands and thousands of lives, both the folks who are currently homeless and thirty thousand folks that will be homeless over the next five years,” said Union Station Homeless Services CEO John Brauer.The measure is projected to additionally end homelessness for 45,000 families and individuals within five years and prevent homelessness for 30,000 families and individuals over the same period.“Government alone cannot do this. We’re going to have to work with the faith-based and the private non profits,” said Barger.Measure H was recently endorsed by the City of Pasadena as as well as other San Gabriel Valley cities that include Duarte, El Monte, La Puente and Pomona.The City’s Legislative Policy Committee said Measure H “has the potential to provide funding for supportive services for homeless individuals/families in Los Angeles County, including the City of Pasadena, and supports and promotes the quality of life and the local economy.”“Support for this ballot measure is in accordance with the Pasadena Continuum of Care system, General Plan Housing Element, Five-Year Consolidated Plan, and Five-Year Public Housing Authority Plan,” the report said.Measure H intends to levy a special one-fourth cent countywide sales tax for 10 years, in order to generate ongoing revenue that can be used to prevent and combat homelessness and fund the County’s Homeless Initiative Plan.“This is our chance. It’s a time in our world where we can actually make a difference and end homelessness. We’ve seen it drop dramatically in Pasadena, but that’s not enough. Now we have to to really say we’re going to end homelessness and with this money, it’s going to provide services so we can do just thatThis funding from Measure H amounts to approximately $355 million per year county-wide.According to the 2016 homeless count by Los Angeles Homeless Services Authority, 2,612 people were experiencing homelessness in the San Gabriel Valley (1,662 unsheltered and 950 sheltered).“It’s about coordinating across the board–not just government, but everybody in L.A. County and Measure H will give us the resources to do that,” said Barger. 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County Supervisor Kathryn Barger Rallies Local Leaders and Organizations to Vote Yes on Measure H By BRANDON VILLALOVOS Published on Friday, February 17, 2017 | 7:53 pm 0 commentsShareShareTweetSharePin it Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked *
Top StoriesLoan Moratorium: RBI’s Resolution Framework Not Practical, Petitioner Tells SC [Read Written Submissions] LIVELAW NEWS NETWORK12 Oct 2020 9:07 AMShare This – xOne of the Petitioners in a batch of writ petitions challenging the RBI’s loan moratorium measures as inadequate has requested the Supreme Court that there should be a ‘grievance cell’ at every bank, to address the grievances of a Borrower in relation to the the outcome of restructuring resolution plan submitted by the borrower. The submission has come in response to the RBI…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginOne of the Petitioners in a batch of writ petitions challenging the RBI’s loan moratorium measures as inadequate has requested the Supreme Court that there should be a ‘grievance cell’ at every bank, to address the grievances of a Borrower in relation to the the outcome of restructuring resolution plan submitted by the borrower. The submission has come in response to the RBI Circular dated August 6, whereby RBI has stipulated that a borrower can request Bank for modification in the repayment and service of their existing loan, which shall be subject to the approval of all respective Bank/ Lending Institutions. Concerned by the moratorium circulars being discretionary and not mandatory, the Petitioner has urged the Court to issue directions for establishment of a grievance cell, comprising of a member of RBI, Bank and independent directors. “This RBI’s circular is with so many riders which are conditional and time consuming and do not provide any surety to Borrower for getting moratorium relief timely. Further it is fully dependent on Bank’s decision,” the affidavit filed by Advocate Vishal Tiwari, the petitioner-in-person, stated. He has also urged the Court to instruct the Central Government/ Lending Institution to set up a mechanical/ computer-based process, under which Borrowers can track their request of resolution and status of resolution plan online. As per the Petitioner, the current restructuring mechanism throws lots of questions on its practicalities, in timely implementation and giving relief to customers adversely affected by Covid-19, as well as saving Lending Institution future to remain in business by avoiding unnecessary and unviable NPA. He has averred the following challenges to the proposed plans: Considering the numerous loan account, whether Lenders will be able to assess each & every cases on merit and take appropriate decision timely by 31st December 2020?The Policy announce is too late considering the moratorium period expired on 31/8/2020. There is no time left for the borrower to do something and come out from such massy situations.The policies are not made keeping in mind small Borrowers who do not have higher educational background, separate finance departments or the required expertise etc. to fulfill the detailed requirements that Banks may need to form up per the RBI policy.All the personal loans were sanction by the Lenders based on customer’s historical financial data, which does not impose any subjectivity on processing officer to approve the Loan. However, in proposed RBI Policy, every Borrower need to submit their projected cash-flow.In the above uncertainty situation of pandemic, how it will be feasible for Borrowers to prepare and provide projections as well as Bank can assess the same at this point of time.The proposed scheme is totally unviable for the Banks / Lending Institution to restructure loans of Borrower, since Banks / NBFC/Lending Institutions needs to provide 10% provision for the amount restructured. Thus, these lending institutions will re-structure only selective loans and leave out MSMEs and SMEs which are actually in desperate need of Government support.10% provisioning will also impair Banks profitability and financials strength to lend subsequently. Inter alia, the Petitioner has questioned why the RBI has proposed 2 years of moratorium in their scheme wen they have claimed that it shall impact the credit behavior of borrowers? Loan Moratorium Exceeding 6 Months Will Impact Borrowers’ Credit Behaviour: RBI Tells SC, Also Urges To Lift The Stay On NPA Classification Further, he has urged that the moratorium period be extended till December 31, 2020 due to “non-preparedness of the RBI and Lending Agencies”. Recommendations of Kamath Committee The Petitioner has expressed surprise that the Kamath Committee suggested certain ratios which the lending institutions already uses for last several years. “The Committee has just made certain changes, which are total illogical and unthoughtful. These ratios ate good for theory but will have no meaningful contribution in resolving the financial problems being faced by the Borrowers due to pandemic of Covid-19, rather it will create hurdle in arriving resolution for business people. Every case will be unique and cannot be fit to any fixed parameters. Restructuring will be requiring for two aspect of business; one is already running and other one is under implementation of projects. But nothing has been discussed in this regard in the said circular,” the affidavit states. Background The Resolution Framework issued by the Reserve Bank on August 6, 2020 is aimed at facilitating revival of real sector activities and mitigating the impact on the ultimate borrowers, which are under financial stress caused by economic fallout on account of Covid-19 pandemic. In terms of the Resolution Framework, only those borrower accounts shall be eligible for resolution which were classified as standard, but not in default for more than 30 days with any lending institution as on March 1, 2020. The resolution plans implemented under framework may inter alia include rescheduling of payments, conversion of any interest accrued, or to be accrued, into another credit facility, or, granting of moratorium, based on an assessment of income streams of the borrower for two years. The reliefs for each borrower can be tailored by banks to meet the specific problem being faced by each borrower depending on need rather than have a broad- brush approach in dealing with the issue.Click here to download the submissionsRead Written SubmissionsNext Story
The outdoor industry is very intimate and heavily networked. Getyour foot in the door by joining clubs and alumni groups, industrypartnerships, and member organizations. NOLS Alumni is one of the largest ofthese groups of like-minded folks, and they organize gatherings and outings throughoutthe country and our region. Outdoor Gear Builders (OGB) is an innovativecollaboration of the local makers of outdoor gear in western North Carolina.OGB is sponsoring this year’s Outdoor Economy Conference in Asheville thisOctober. Consider attending! “What’s your success/pass rate?” Seek educator training opportunities. Treat all your “customers”as though they are your “students”. Give them more than what they came for.Care for them and teach them to care for each other. Lead groups and graduallyhone your instructor skills. Become an educator in non-traditional classroomsand/or with non-traditional student bodies. Our phones stay busy with prospective students, asking aboutcourse outcomes and making decisions about investing in different courses. The interest is in employment: students are on a path towardbeing an outdoor professional. To all these resume builders, add certifications. They not onlycompliment your skills base, they add to your ability to make good judgementsand manage risk in austere work locations. As a consumer, you should bediscriminatory and pick the best of the best: the right course type, aconvenient location and the best value for your dollar. Certification coursesare demanding, intensive, time-consuming, and come at an expense. They alsomove you to the head of the pack when it comes to hiring. Cross-train. If you’re a climber, it could help you to also havewhitewater skills so if you find yourself in a wet region of the world you havea marketable skill set. Prepare yourself to work seasonally – many of mycolleagues are raft guides half the year, and work ski patrol during the coldermonths. First, build your outdoor resume. Travel and explore on your ownand with friends. Keep a hiking journal, a climbing journal, a paddling log, orsimilar as evidence of your time dedicated to these pursuits and to illustrateyour skill development. Keeping a social media profile active with travel andadventure photos lends a lot of credibility to potential employers, and trustin your skill set. According to the Outdoor Industry Association (outdoorindustry.org), outdoor recreation is an economic powerhouse in the United States, each year generating $887 billion in consumer spending and 7.6 million jobs. So how do you go about taking your step forward into the outdoor industry? To add to your outdoor resume, visit LandmarkLearning.org, the premier provider ofoutdoor certification training courses in the southeastern United States. Be patient, stay alert and flexible, and stick to your path.Among those 7.6 million jobs in the US, one of them is perfect for YOU! Take any guiding jobs available, in your specific pursuit or anyother. Whether at a youth camp, working with therapeutic groups in theoutdoors, guiding on rivers, or volunteering on a trail crew, every minutespent lends to your overall experience in the outdoor and leading or workingwith others. “Do you do job placement?” “Can I get a job after I take your course?”
Cahir are a step closer to being crowned All-Ireland Intermediate club camogie champions.The South Tipp side reached the decider by getting the better of Tullaroan of Kilkenny on a 1-8 to 1-5 scoreline.They’ll play Milford of Cork in the final in Croke Park on March 6th. Meanwhile, an injury time point saw Tipperary ladies fall to defeat in their opening match in Division 3 of the National League.Waterford beat the Premier County 0-18 to 2-11 in Piltown.