Overnight fire ravages Burlington’s Pearl Street Beverage - vtdigger.org

Street Cleaning Ticket Grace Period Is Over In Chicago - CBS Chicago

CHICAGO (CBS) — Remember the orange signs?

Well, if you violate street sweeping rules, the no ticketing grace period is over.

Fines are returning after a bit of a coronavirus break, so make sure you’re parked on the correct side of the street.

This coming Monday, the city of Chicago will start booting cars again.

And you have until July 16 to renew your city and permit parking stickers.

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Texas' Swindell and Street acknowledged as ESPN unveils its all-time baseball team - Hookem.com

BEVO BEAT Baseball

Posted July 1st, 2020

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Former Texas stars Greg Swindell and Huston Street were two of the three pitchers named to ESPN’s Greatest All-Time College Baseball Team on Tuesday.

Swindell was the fan-selected team’s left-handed pitcher.  Street made the cut as the lone reliever. Swindell and Street’s selections come nearly three weeks after Cat Osterman, who is also a left-handed pitcher, represented Texas on ESPN’s all-time softball squad.

Street secured 32.4% of the votes for relievers and earned a decisive victory over ex-Wichita State closer Darren Dreifort (16.6%). Swindell (28.5% ) beat out Vanderbilt’s David Price (25.1%) and Michigan’s Jim Abbott (13.9%) in the category for left-handed pitchers.

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Swindell pitched at Texas from 1984-86. He went 43-8 with a 1.92 ERA. His 501 strikeouts and 14 shutouts are still career records at UT. Swindell was an All-American during each of his three years on campus.

No Longhorn has saved more games than Street, who closed out 41 save situations from 2002-04. His five career saves at the College World Series are also a record for that event. Street was the MVP of the 2002 College World Series.

Swindell and Street, who have both had their numbers retired at Texas, were two of the 10 Longhorns on the ballot for ESPN’s all-time team. Roger Clemens almost gave UT a clean sweep of the pitching categories. But with 22.9% of the vote, Clemens finished second among right-handed pitchers to LSU’s Ben McDonald (30%).

ESPN’s All-Time College Baseball Team

• RHP Ben McDonald (LSU)
• LHP Greg Swindell (Texas)
• RP Huston Street (Texas)
• 1B Will Clark (Mississippi State)
• 2B Todd Walker (LSU)
• SS Alex Bregman (LSU)
• 3B Robin Ventura (Oklahoma State)
• LF Barry Bonds (Arizona State)
• CF J.D. Drew (Florida State)
• RF Joe Carter (Wichita State)
• C Buster Posey (Florida State)
• TWO-WAY John Olerud (Washington State)

News on Bevo Beat is free and unlimited. Access to the rest of Hookem.com is included with an Austin American-Statesman subscription in addition to Statesman.com and the ePaper edition. Subscribe today at statesman.com/subscribe.

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Fed’s $600 Billion Main Street Lending Program Sees Lukewarm Interest - The Wall Street Journal

The Main Street Lending Program is aimed at helping midsize businesses.

Photo: Jae C. Hong/Associated Press

By

Paul Kiernan

• Biography
• @pkwsj
• paul.kiernan@wsj.com

July 1, 2020 9:00 am ET

WASHINGTON—The government is offering to lend up to $600 billion to help small and midsize businesses weather the coronavirus-induced recession, but so far interest has been sparse.

Under the Main Street Lending Program, commercial banks lend to companies and then sell all but a small portion of each loan to the Federal Reserve. The Treasury Department stands ready to cover the Fed’s losses if companies fail to repay.

More than two months after the program was announced, however, some bankers say they are still trying to decide whether to take part. They cite less-than-appealing terms, which changed repeatedly before the official June 15 launch, and anemic interest among potential borrowers.

The central concern: Companies in dire need of cash aren’t likely to be approved, while more creditworthy borrowers are likely to find similar or better terms on their own.

“It’s a little bit of a Catch-22,” said Lauren Anderson, senior vice president at the Bank Policy Institute, whose 42 members include the largest U.S. banks. “We’re all kind of struggling, to be honest, to figure out who this sort of unicorn borrower might be.”

More on the Main Street Lending Program

• A $600 Billion Challenge: Lending Directly to Businesses
• Former Fed Economists Urge Easier Terms for ‘Main Street’ Loans (June 18)
• Fed Makes Terms More Favorable for Main Street Lending Program (June 8)
• The Fed’s $600 Billion Challenge: Lending Directly to Businesses (May 18)

The Main Street program was intended to fill a gap in the government’s stimulus efforts. The Paycheck Protection Program of forgivable loans is aimed at smaller businesses with 500 or fewer employees. The Fed has a separate program to buy debt issued by large corporations such as Apple Inc. and Verizon Corp.

Federal Reserve Chairman Jerome Powell said in a congressional hearing Tuesday that around 300 lenders had begun the process of registering for the Main Street program. There are almost 11,000 federally insured banks and credit unions that could be eligible to sign up.

“We’ve had a lot of interest,” Mr. Powell said. “What the banks tell us, though, is sort of a mixed thing. They’re not getting a ton of interest from borrowers,” He said the Fed is open to making further adjustments to the program.

Banks that take part would underwrite and process five-year loans of between $250,000 and $50 million at an interest rate that currently stands between 3.17% and 3.3%. The program can also be used to boost the size of existing loans up to $300 million.

Both Congress and the Federal Reserve are pumping trillions of dollars into the economy to fight the economic damage caused by the coronavirus. WSJ explains where all that stimulus money is coming from. Photo Illustration: Carlos Waters / WSJ

A big potential draw for borrowers: no payments of principal during the first two years of the loan, and no interest owed during the first year.

For lenders, the program is a relatively low-risk proposition because a specially created Fed facility would buy a 95% stake in each loan, leaving the originating bank with just 5%. Banks can also collect a 1% fee on the loans.

But some aspects of the program have given banks pause.

Because principal payments are deferred for two years, 70% of each loan will be due in a lump-sum payment at maturity. If a borrower were unable to make that payment, a bank would need to either to refinance the loan—and assume all of the credit risk—or force the borrower into default to limit potential losses.

“There will be an issue after term,” said Tom Iadanza, chief banking officer at Passaic, N.J.-based Valley National Bank. Most of the 20 or 30 companies that asked the bank about the program lost interest after hearing the terms, he said. By contrast, the bank, which has $39 billion in assets, approved about 12,000 forgivable loans under the Paycheck Protection Program.

Jerome Powell, left, said that around 300 lenders had begun the process of registering for the Main Street program. Seen here with Steven Mnuchin, U.S. Treasury secretary, on March 6.

Photo: Andrew Harrer/Bloomberg News

Main Street loans also can’t be used to pay down existing loans and would have to be equal or senior to other debts in bankruptcy. Bankers said this feature, intended to limit the Treasury’s losses, will also make them think twice about participating.

Lisa Peters, whose catering business in the Sacramento area has about $5 million in annual revenue, said she asked her bank recently about the Main Street program. Her lender, Redding, Calif.-based Merchants Bank of Commerce, told her it hadn’t decided whether to participate.

Jim Sundquist, chief financial officer at Merchants, said in an email to the Journal that the program’s terms “are too restrictive” and would, in his understanding, prevent lenders from asking borrowers to repay other debt until the Main Street loan was repaid in full.

The slow start for Main Street contrasts the Paycheck Protection Program, which was also created by the coronavirus relief act that Congress passed in March. That program, run by the Small Business Administration, saw thousands of lenders approve millions of loans within weeks after launching in early April and has since doled out more than $500 billion.

SHARE YOUR THOUGHTS

Do you think the Fed’s lending programs will be enough to bring the economy out of recession, or will Congress need to authorize additional spending? Join the conversation below.

“You’re not going to see the volumes that you saw on PPP,” said Jeffrey Kung, a managing director at Providence, R.I.-based Citizens Financial Group who is helping to lead the bank’s charge in the Main Street program. “This is a loan, it’s not a grant, so it needs to be underwritten in a way in which we believe that a loan would be repaid.”

Mr. Kung said Citizens is enthusiastically participating in Main Street and has “a couple of initial prospects” lined up to potentially borrow through it. But he said the program is “exponentially more complex than the PPP” and tailored to the needs of a much narrower set of companies.

Government and industry officials say the program is partly a victim of the Fed’s success in thawing credit markets that froze in March, when companies and investors were in a state of panic.

With borrowing costs near record lows, creditworthy businesses might not be tempted by the rates offered through the Main Street program, several bankers said.

“They’ll probably get a longer-term payment structure and they’ll probably get a rate around the same rate,” Mr. Iadanza said of creditworthy companies that shop around outside Main Street.

Officials also said the program could prove helpful if a prolonged economic downturn or second wave of lockdowns begins to strain banks’ balance sheets, however.

“Main Street is basically a safety net,” a senior Treasury official said. “When I speak to the senior executives of the major bank, they say, ‘Well, if we get a second wave of the virus and the economy turns down again, we may all need Main Street.’”

Related Coverage

Write to Paul Kiernan at paul.kiernan@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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10 Street Food Populer yang Ada di Hong Kong, Cocok untuk Food Hunting - IDN Times

Hong Kong merupakan negara kecil yang terletak di Asia Timur dan menjadi tujuan banyak orang untuk berlibur ke sana.

Negara yang tertata rapi dengan aneka keindahan alam dan  kota metropolitan di dalamnya membuat Hong Kong layak disebut sebagai tujuan destinasi oleh banyak orang. Namun, tentu kulinernya tak boleh ketinggalan, termasuk untuk urusan street food yang ramah di kantong. 

Untuk kamu yang penasaran apa saja street food terkenal yang ada di Hong Kong, berikut sepuluh daftarnya. 

1. Curry fish balls. Bola-bola yang digoreng hingga berwarna keemasan ini disajikan dengan saus kari yang khas

mrspskitchen.net

2. Egg waffles, sensasi rasa khas telur dengan teksturnya yang sangat lembut membuat olahan ini sangat diminati

greenqueen.com.hk

3. Grilled squid tentacles. Jika ingin menikmati olahan seafood, kamu dapat memilih menu yang satu ini. Cumi-cumi yang dipanggang pun disajikan dengan beragam jenis saus khas

maangchi.com

4. Pineapple buns. Sudah dicintai masyarakat lokal sejak 70 tahun lalu, olahan ini bahkan tak memiliki nanas di dalamnya. Isian pada roti justru hanyalah potongan mentega

wikiwand.com

5. Fried pig intestines. Olahan yang satu ini tidak bisa dikonsumsi oleh wisatawan muslim karena terbuat dari usus babi yang digoreng. Menu ini cukup populer sebagai street food di Hong Kong

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Lanjutkan membaca artikel di bawah

Editor’s picks

Baca Juga: 5 Olahan Khas dari Negara Hong Kong, Cocok untuk yang Suka Kulineran

6. Egg tarts. Kue tart yang satu ini sangat populer dan bahkan dinobatkan menjadi salah satu makanan khas Hong Kong. Kelembutan dan kelezatannya maksimal!

tastingtable.com

7. Organs in a pot. Sesuai namanya memang olahan ini berisikan aneka jeroan yang disajikan dan biasanya berasal dari jeroan sapi atau babi

munchtours.org

8. Stinky tofu. Olahan yang satu ini memiliki aroma khas yang merupakan hasil fermentasi dari susu, ikan, dan daging. Digoreng dengan baik, tak heran bila teksturnya sangat pas

medium.com/@pandacheffy

9. Fried chestnuts. Olahan yang satu ini mungkin dapat menjadi pilihan terbaik bagi para vegetarian yang tertarik mencicipi street food khas Hong Kong

discovery.cathaypacific.com

10. Cheong fun in sweet sauce. Menu ini terbuat dari mi beras yang direbus hingga lembut dan disajikan dengan saus, serta taburan wijen. Namun, olahan ini tak dapat dikonsumsi oleh wisatawan muslim sebab memiliki kandungan lemak babi di dalamnya

cookingwithalison.com

Nah, beberapa olahan street food di atas semoga dapat membantumu dalam mencari referensi jajanan bila tertarik berkunjung ke sana suatu hari nanti. Mana yang paling lezat menurutmu?

Baca Juga: 10 Potret Disneyland Hong Kong yang Dibuka Kembali Saat New Normal

IDN Times Community adalah media yang menyediakan platform untuk menulis. Semua karya tulis yang dibuat adalah sepenuhnya tanggung jawab dari penulis.

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Motorcyclist, pedestrian dead after crash along Hull Street Road in Chesterfield - WWBT NBC12 News

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Motorcyclist, pedestrian dead after crash along Hull Street Road in Chesterfield  WWBT NBC12 News

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Lawmakers Seek Community Input For ‘The Renaissance Of Lake Street’ After George Floyd Unrest - CBS Minnesota

MINNEAPOLIS (WCCO) — In the days following George Floyd’s death, riots and looters damaged historic parts of Minneapolis.

Lake Street, Midtown and West Broadway are all corridors that will need to at least be partially rebuilt — and the state wants to help with the community’s input.

Mercado Central on Lake Street is home to 40 micro businesses that are slowly coming back online after months of little to no business. First COVID-19, then riots, looting and damage triggering further closures. And they’re hardly alone. Eduardo Barrera is Mercado Central’s general manager.

“We are just trying to catch up and try to bring people back to the community, to the building,” Barrera said. “How will we be able to keep people who suffered damage, whose buildings were burned, to be able to come back?”

READ MORE: Wild’s Matt Dumba Launches Fundraiser To Help Rebuild Lake Street

That question is something Tortilleria La Perla owner Jose Payan is also asking himself.

“On Lake Street itself, I have a tortilla bakery and I distribute to a lot of these mom-and-pop stores,” Payan said. “I have about 50 on Lake Street, and I’m going to say 20% of them are no longer open.”

The Minnesota House has a plan called the Promise Act, which passed during the special session. There will be grants, loans and direct funds given to people impacted along Lake Street and other hard-hit areas. Still, they’re looking for community input, according to House Majority Leader Ryan Winkler.

“One way or the other, it’s the state’s job to provide for public safety, and whether that’s at the city level or the state level, something fundamentally broke down,” Winkler said.

READ MORE: Lake Street Store Manager Activated Into Duty After His Business Was Looted, Burned

Some fear too much change, including gentrification.

“We really need to make sure that the communities of color, the entrepreneurs who’ve been investing and putting their whole heart and soul into these neighborhoods are able to return, grow and thrive and be better than before,” Winkler said.

Some hope for better than before. Others say they liked it just the way it was and they want it back.

“We did it 20 years ago, we can do it again,” Barrera said. “We can achieve that. We can make this the renaissance of Lake Street.”

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