Sport Commission – ERA ARD Sat, 22 Jan 2022 01:10:49 +0000 en-US hourly 1 Sport Commission – ERA ARD 32 32 What is a Direct Consolidation Loan? Fri, 21 Jan 2022 20:53:26 +0000 Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, which we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. Many students leave school with multiple student loans – […]]]>

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, which we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”.

Many students leave school with multiple student loans – usually eight to 12, depending on the program. Managing so many loans can be overwhelming, but luckily there are strategies that could help simplify your repayment.

For example, if you have federal student loans, you can consolidate them into a direct consolidation loan. This process will leave you with one loan and one payment to follow.

Here’s what you need to know about direct consolidation loans:

What is a Direct Consolidation Loan?

You can consolidate multiple federal student loans into one direct consolidation loan, leaving you with just one monthly payment to follow.

If you’re thinking about consolidating your federal student loans, here are some important things to consider:

  • Interest rate: Your interest rate on a direct consolidation loan will be the weighted average of the rates of the loans you wish to consolidate, rounded up to one-eighth of a percent. If some of your loans have high interest rates, you could end up paying a lot more interest.
  • Repayment schedule: With a direct consolidation loan, you can extend the repayment term of your loan for up to 30 years, which could significantly reduce your monthly payments. Remember that you will pay more interest over time with a longer term.
  • Loan balances: Any unpaid interest on your loans will be added to your principal balance upon consolidation. This means you could end up paying interest on a higher balance than you started with.

Keep in mind: Federal student loan consolidation is not available for private student loans. However, there are other options that might help you repay your private loans more easily, such as student loan refinancing.

Learn more: Consolidation of private student loans

How to Apply for a Direct Consolidation Loan

If you decide to consolidate your federal student loans, follow these four steps:

1. Review your loans

Before you begin the application process, you’ll need to decide which loans you want to include in the consolidation. You can consult your federal loans via the National Student Loan Data System (NSLDS).

The following loans are eligible for federal consolidation:

  • Federal Subsidized Stafford Loans
  • Unsubsidized and Unsubsidized Federal Stafford Loans
  • PLUS loans from the Federal Family Education Loan Program (FFEL)
  • Additional Student Loans
  • Perkins Federal Loans
  • Nursing Student Loans
  • Nursing College Loans
  • Health Education Loans
  • Student loans for health professions
  • Loans for disadvantaged students
  • Subsidized direct loans
  • Direct unsubsidized loans
  • Direct Loans PLUS
  • FFEL Consolidation Loans and Direct Consolidation Loans (only under certain conditions)
  • Federal Insured Student Loans
  • Guaranteed student loans
  • Direct National Student Loans
  • National Defense Student Loans
  • Parent loans for undergraduate students
  • Auxiliary loans to help students

2. Gather your documents

To complete the application, you will need a Federal Student Aid (FSA) ID. If you do not have an FSA ID, you can create one at – you will just need a mobile phone number, an email address and your social security number.

Also be prepared to provide the following in your Direct Consoidation loan application:

  • Personal informations, such as your address and telephone number
  • Financial information, such as your employer and income
  • Information about each of the loans you want to consolidate, such as the repairer and the estimated amount of the gain

3. Complete the application

Once you have gathered your information, you will need to complete the Direct Consolidation Loan Application. Completing the application usually takes about 30 minutes.

Point: You can complete the online application at, or you can submit a paper application to the federal loan officer of your choice.

4. Manage your payments

It usually takes 30-45 days to complete the consolidation. During this time, be sure to track all of your loan repayments.

Then start making payments on your new direct consolidation loan. You might consider signing up for automatic payment to avoid missing payments in the future – many services offer a rate reduction for borrowers who opt for automatic payments.

Keep in mind: You cannot consolidate federal loans while you are enrolled in school at least half-time. To be eligible, you must graduate, leave school, or drop below halftime.

To verify: What happens when you fail to repay a student loan

Benefits of a Direct Consolidation Loan

Although consolidating federal loans with a direct consolidation loan may be a good decision for some borrowers, it is not the right choice for everyone.

Here are some potential benefits to consider when evaluating your options:

  • Could reduce your payments: With a direct consolidation loan, you can extend your repayment term for up to 30 years. This could lower your monthly payments and reduce the strain on your budget, but remember it also means you’ll pay more interest over time.
  • Combine several loans: A direct consolidation loan allows you to combine your federal student loans, which can help simplify repayment.
  • Could make you eligible for loan forgiveness: If you have Direct PLUS loans, consolidating them will make you eligible for income-contingent repayment (IDR). It could also qualify you for federal student loan forgiveness programs, such as the Public Service Loan Forgiveness (PSLF).

Learn more: Best Parent Student Loans: Choose Private or PLUS Loans

Disadvantages of a Direct Consolidation Loan

And here are some possible downsides to keep in mind:

  • Higher interest costs: If you choose to extend your repayment term with a direct consolidation loan, your overall loan cost will likely increase due to additional interest charges. Also, any unpaid interest will be added to your main balance after consolidation, which means you could end up paying interest on a higher loan amount.
  • Will reset the forgiveness timeline: Consolidating your loans resets the clock when it comes to getting approved for programs like PSLF. If you have already made qualifying payments, they will no longer count towards the 10 years of payments required by PSLF.
  • Could lose your grace period: Most federal loans have a six-month grace period. If you consolidate your loans before the end of this grace period, you must begin making payments within 60 days of the consolidation being processed.

To verify: How to refinance your student loans

Is it better to refinance or consolidate student loans?

Whether it’s best to refinance privately or consolidate your student loans federally will depend on your personal circumstances and financial goals. Depending on your credit, refinancing a student loan may get you a lower interest rate, which could save you money on interest and potentially help you pay off your loans faster.

Keep in mind: Refinancing federal loans will cost you access to federal benefits and protections, such as IDR plans and student loan forgiveness programs.

For this reason, consolidation might be a better choice in some cases, especially if you plan to repay your loans over a long period.

If you decide to refinance your student loans, be sure to consider as many lenders as possible to find the right loan for you. Credible makes it easy – you can compare your prequalified rates from multiple lenders in two minutes.

Find out if refinancing is right for you

  • Compare actual rates, not rough estimates – Unlock rates from multiple lenders in about 2 minutes
  • Will not affect credit rating – Checking rates on Credible will not impact your credit score
  • Data Privacy – We do not sell your information, so you will not receive calls or emails from multiple lenders

See your refinancing options
Credible is 100% free!

Direct Consolidation Loans: Frequently Asked Questions

Here are the answers to some frequently asked questions about direct consolidation loans:

How long does it take for a direct consolidation loan to pay off old loans?

Once you submit a direct consolidation loan application, it usually takes 30-45 days for it to be processed and your old loans to be paid off. You can usually expect to start making payments on the new direct consolidation loan within two months.

Point: To avoid delays, make sure all the information you provide in the application is as accurate as possible.

What is the interest rate for a direct consolidation loan?

Your interest rate on a direct consolidation loan will be the weighted average of the rates of the loans you choose to consolidate, rounded to the nearest eighth of 1%.

For example: Suppose you are consolidating a $2,000 loan with an interest rate of 4.45% and a $3,000 loan with an interest rate of 6%. The blended interest rate between these two loans is 5.38% – then rounded to the nearest eighth of 1%, the rate will be 5.5%.

Can you cancel a direct consolidation loan?

Yes, if your loan consolidation request has not been processed, you can cancel it. To do this, you will need to contact the repairer who received the request.

However, if your application has already been processed and the funds have been disbursed, you will not be able to cancel the new loan.

Keep reading: Student Loan Consolidation vs. Student Loan Refinance

About the Author

Angela Brown

Angela Brown is a personal finance and real estate authority and a Credible contributor. Her work has appeared in Fox Business, LendingTree, 1800 Flowers and FinanceBuzz.

Read more

Why a possible consolidation of OBC identity in Uttar Pradesh could pose a challenge for the BJP Thu, 20 Jan 2022 03:45:21 +0000 The move of Swami Prasad Maurya and Dharam Singh Saini to the Samajwadi party must be a pressing concern for the BJP. In many ways, the OBCs form the cornerstone of the BJP in Uttar Pradesh. While ‘pure castes’ (Max Weber uses this term to refer to ‘upper’ castes) like the Thakurs and Brahmins will […]]]>

The move of Swami Prasad Maurya and Dharam Singh Saini to the Samajwadi party must be a pressing concern for the BJP. In many ways, the OBCs form the cornerstone of the BJP in Uttar Pradesh. While ‘pure castes’ (Max Weber uses this term to refer to ‘upper’ castes) like the Thakurs and Brahmins will continue to pledge their support to the BJP in the upcoming assembly elections, the party’s future in the UP rests largely on the shoulders of the CBOs.

The last five years of Yogi Adityanath’s reign saw an elected Thakur priest transform the state apparatus into a temple apparatus, with privileged and exclusive access for certain castes. What has been extraordinary is the apparent submission of Muslim and Dalit citizens to this caste-temple-state nexus. The use of force by the state against anti-CAA protesters (Muslims) and even farmers (dominant middle castes) and the use and abuse of sedition laws are seen as both a moral and martial victory for the “upper” castes. The damage inflicted by mismanagement at state and central levels during the first and second waves of Covid-19, rising fuel prices, inflation, job losses and a crumbling economy have had devastating consequences for all castes. But elections are not just about rational economic choices. Caste morality is also at stake. The normalized anti-Muslim, anti-Constitution rhetoric is a sign of concern among privileged castes, who perceive their social power to be under threat, and the BJP remains the only rational choice for most people. ‘between them.

With several cases of caste atrocities being reported and highlighted in the (social) media, major groups among the scheduled castes may, arguably, not vote for Yogi. While the BJP-RSS emphasizes inclusiveness for Dalits, if not tempts them, the power vested in the temple-state apparatus invariably releases caste feelings against these groups. The Yogi Rule sent a message that Scheduled Castes cannot be Hindus in substantial social life – their inclusion can only be political and decorative. Mayawati may well continue to be the first choice for SCs in UP.

The attraction of Hindutva among OBCs, on the other hand, is driven by their closeness to Brahmanism. Despite the mandalisation of politics in North India, OBCs are more politically dispersed and do not constitute a politicized collective. What we have, therefore, are individual caste-centric parties like the SP that develop pragmatic political patronage and alliances with other castes and Muslims.

Material opportunities and advances in a neoliberal economy coupled with an increased presence in the structure of the state have, over the past three decades, led to a major intermingling among OBCs. A sense of Hinduism driven by anti-Muslim sentiments was mobilized under the BJP’s nationalist Hindutva Project. Along with their material and political advancement, this evoked a sense of closeness to the “upper caste” Hindu social world among the OBCs. However, the BJP rule of the past five years in the UP may have led to a sense of brotherhood among the different castes identified as OBC.

All of this may have started with Yogi “purifying” the CM residence during the evacuation of Akhilesh Yadav and subsequently showing the Yadavs their “place” in many ways. The reservation to “upper” castes (EWS) and the under-representation of OBCs in the state apparatus have mobilized a collective feeling among OBCs. The SP makes the most of this by forging alliances with similarly placed castes.

The consolidation of OBCs under the SP, even if temporary, may be a harbinger for Akhilesh Yadav’s recovery and simultaneously point to the possibilities of a new collective identity among OBCs. Moreover, the RLD aligning itself with the SP added the advantage of the “farmer” (Jat) to the political campaign of the SP. While the SP appears to be leading the pack of opposition parties at the moment, all opposition parties could also consider the possibility of a deadlocked assembly.

The consolidation and politicization of OBCs and the creation of a new collective identity could be a positive long-term political development. However, the upper OBCs are like “pure castes” in the making, or at best they overlap with different aspirations. And Akhilesh Yadav’s dreams are a signifier of this overlap – he recently dreamed of Lord Krishna assuring him of a “Ram Rajya” under his guidance. Yadav has also promised in the past to “repurify” the CM residence once Yogi Adityanath leaves the premises.

In this battle for Ram Rajya across castes, who wins remains to be seen. One only hopes that constitutional principles and morality will not continue to be a victim.

This column first appeared in the January 20, 2022 print edition under the title “A New Alignment in UP”. The writer is Professor of Sociology, IIT-B

AUD/USD Forex Signal: Consolidation Signals Further Weakness Tue, 18 Jan 2022 07:56:52 +0000 The pair is likely to break down later today as the bears target key support at 0.7125. Bearish view Sell ​​AUD/USD and set take-profit at 0.7125. Add a stop-loss at 0.7300. Lead time: 1-2 days. Bullish view Set a buy-stop at 0.7240 and a take-profit at 0.7325. Add a stop-loss at 0.7150. AUD/USD declined on […]]]>

The pair is likely to break down later today as the bears target key support at 0.7125.

Bearish view

  • Sell ​​AUD/USD and set take-profit at 0.7125.
  • Add a stop-loss at 0.7300.
  • Lead time: 1-2 days.

Bullish view

  • Set a buy-stop at 0.7240 and a take-profit at 0.7325.
  • Add a stop-loss at 0.7150.

AUD/USD declined on Monday and Tuesday morning as concerns over the Omicron variant pushed the US Dollar higher. The pair is trading at 0.7210, around 1.45% below last week’s high.


Covid risks in Australia

The Australian economy is seeing escalating risks as cases of Omicron have increased in recent days. In response, states across the country announced several measures to encourage people to get vaccinated. They also blocked the entry of unvaccinated people abroad.

This explains why Djokovic’s crisis has made headlines around the world. The tennis star was deported after his failed appeal to stay in the country.

Meanwhile, the AUD/USD pair declined even after the latest economic data from China. According to the National Bureau of Statistics (NBS), China’s economy performed strongly in 2021. The economy grew 8.1% in 2021 and 4.0% in the fourth quarter alone.

Additional data showed that the economy was doing well. For example, retail sales rose 1.7% in December while the unemployment rate edged up to 5.1%.

Still, the challenge for China’s economy is that the number of Covid-19 cases is rising in some cities. And officials in cities with more than 20 million people have announced closures. On Monday, Beijing also announced that tickets would not be sold during the event in a bid to slow the spread.

The country also announced stimulus measures in a bid to boost the economy. The government has said fiscal stimulus will be needed in the year Xi Jinping seeks his third term in office. Chinese developments are important for the Australian dollar as China is the biggest buyer of Australian goods.

AUD/USD Forecast

The four-hour chart shows that the AUD/USD pair has been trending down for the past few days. The pair formed a small bearish consolidation pattern. It also moved slightly below the 25-day moving average.

The pair has formed an ascending channel which is shown in black. It is slightly above the lower side of this channel. Also, lies along the 38.2% retracement level.

Therefore, the pair is likely to break down later today as the bears target key support at 0.7125. This view will be invalidated if the price breaks above 0.7250.


Fitch downgrades Ghana’s credit rating from B to B- with negative outlook Sun, 16 Jan 2022 10:06:50 +0000 International ratings agency Fitch has lowered Ghana’s long-term foreign currency issuer (IDR) default rating to “B-” from “B” with a negative outlook. The downward revision to Ghana’s IDRs and negative outlook reflects the sovereign country’s loss of access to international capital markets in the second half of 2021, following a pandemic-related crisis. [COVID-19] soaring public […]]]>

International ratings agency Fitch has lowered Ghana’s long-term foreign currency issuer (IDR) default rating to “B-” from “B” with a negative outlook.

The downward revision to Ghana’s IDRs and negative outlook reflects the sovereign country’s loss of access to international capital markets in the second half of 2021, following a pandemic-related crisis. [COVID-19] soaring public debt.

Fitch, in a report, said that “this comes against a backdrop of uncertainty about the government’s ability to stabilize debt and against a backdrop of tightening global financing conditions. In our view, Ghana’s ability to achieve planned fiscal consolidation efforts could be hampered by increased reliance on domestic debt issuance with higher interest costs, in the context of an expenditure ratio of already exceptionally high interest/revenue.

He pointed out that Ghana’s effective loss of access to international bond markets increases risks to its ability to meet medium-term financing needs.

However, he said “in our view, Ghana has sufficient liquidity and other external financing options available to cover short-term debt service without issuing Eurobonds. However, there is a risk that non-resident investors in the local bond market sell their holdings, especially if confidence in the government’s fiscal consolidation strategy weakens further, putting downward pressure on its reserves.

Ghana unable to issue Eurobonfrom in 2022

The international rating agency assumed that Ghana would not be able to issue bonds in international capital markets in 2022 and the prospects of doing so in 2023 are uncertain. “Ghana’s international reserve position has become very dependent on the annual issuance of Eurobonds. Additionally, as of July 2021, non-resident investors held just under 20% ($5.8 billion) of Ghana’s outstanding domestic public debt. Although the maturity of these holdings is long-term, an exit would put additional downward pressure on Ghana’s reserves.

Fitch projects that Ghana will face about $2.7 billion (3.3% of GDP) in sovereign foreign interest service and amortization payments in 2022.

“We believe the government can service its external debt without market access given its reserves, which we estimate at $7.9 billion at end-2021 (3.2 months of current external payments). Reserves have were bolstered by $3 billion in Eurobonds in the second quarter of 2021, which helped the government meet its roughly $3.5 billion (4.7% of GDP) in debt service charges sovereign external debt last year, and by the IMF’s allocations of $1 billion in SDRs,” he explained.

The budget deficit will shrink to 9.1% in 2022

Fitch projects the general government fiscal cash deficit will narrow to 9.1% of gross domestic product in 2022, from 15.1% in 2020 and 12.5% ​​in 2021, including 3% of GDP in domestic arrears clearance and payments related to the public energy sector.

“The 2022 deficit would still be more than double the 2022 median “B” of 4.6% and the risk to public finances would remain high. The government envisages a deficit (including support for the financial and energy sector) of 7.4% in 2022 and 5.5% in 2023, with a drop below the legal deficit ceiling of 5% in 2024,” he said. He underlines.

“The government’s fiscal consolidation plans focus on revenue measures adopted in the 2022 budget, including a new 1.75% electronic tax on certain digital transactions and changes to the calculation of certain taxes and import duties. The medium-term fiscal framework projects that these new revenue measures, together with the reduction in pandemic-related spending, will lead to an increase in government revenue to 20.0% of GDP in 2022 from around 15.4% in 2021,” he added.

Fitch believes Ghana will achieve moderate fiscal consolidation over the medium term, but the government’s forecasts are too optimistic.

Ghana has struggled with earlier efforts to raise revenue/GDP and public finances deteriorated even before the pandemic, although this was partly linked to the cleanup in the financial and energy sector.

JHM Consolidation Berhad (KLSE:JHM) will want to reverse its yield trends Sat, 15 Jan 2022 00:09:12 +0000 To find a multi-bagger stock, what underlying trends should we look for in a company? First, we would like to identify a growth to return to on capital employed (ROCE) and at the same time, a based capital employed. Simply put, these types of businesses are slot machines, meaning they continually reinvest their profits at […]]]>

To find a multi-bagger stock, what underlying trends should we look for in a company? First, we would like to identify a growth to return to on capital employed (ROCE) and at the same time, a based capital employed. Simply put, these types of businesses are slot machines, meaning they continually reinvest their profits at ever-higher rates of return. That said, at a first glance at JHM Consolidation Berhad (KLSE:JHM) we’re not jumping off our chairs on the yield trend, but taking a closer look.

Return on capital employed (ROCE): what is it?

For those who don’t know what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital used in its business. Analysts use this formula to calculate it for JHM Consolidation Berhad:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.14 = RM39m ÷ (RM353m – RM77m) (Based on the last twelve months to September 2021).

So, JHM Consolidation Berhad posted a ROCE of 14%. This in itself is a normal return on capital and is in line with industry average returns of 14%.

Check out our latest analysis for JHM Consolidation Berhad

KLSE: JHM Return on Capital Employed January 15, 2022

In the chart above, we have measured JHM Consolidation Berhad’s past ROCE against its past performance, but the future is arguably more important. If you wish, you can view analyst forecasts covering JHM Consolidation Berhad here for free.

The ROCE trend

In terms of historical movements of JHM Consolidation Berhad’s ROCE, the trend is not fantastic. Over the past five years, capital returns have declined to 14% from 37% five years ago. Although, given that revenue and the amount of assets used in the business have increased, it could suggest that the business is investing in growth and that the additional capital has resulted in a short-term reduction in ROCE. And if the capital increase generates additional returns, the company, and therefore the shareholders, will benefit in the long term.

Furthermore, JHM Consolidation Berhad did well to repay its current liabilities at 22% of total assets. So we could tie some of that to the decline in ROCE. Additionally, it may reduce some aspects of risk to the business, as the business’s suppliers or short-term creditors now fund less of its operations. Some would argue that this reduces the company’s effectiveness in generating a return on investment, as it now funds more of the operations with its own money.

In conclusion…

Even though capital returns have fallen in the short term, we think it is promising that both revenue and capital employed have increased for JHM Consolidation Berhad. And long-term investors should be optimistic going forward as the stock has returned a whopping 283% to shareholders over the past five years. So if these growth trends continue, we would be optimistic about the stock going forward.

Finally we found 2 warning signs for JHM Consolidation Berhad (1 is concerning) that you should be aware of.

For those who like to invest in solid companies, look at this free list of companies with strong balance sheets and high returns on equity.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Silver Elephant provides update on its pre-consolidated equity trading Thu, 13 Jan 2022 03:59:32 +0000 VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF) (OTCQX: SILEF) (Frankfurt: 1P2N) announcement following the press release dated January 12, 2022 regarding the effective date of the plan of arrangement, trading of the Company’s common shares will begin after the Arrangement and after […]]]>

VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF) (OTCQX: SILEF) (Frankfurt: 1P2N) announcement following the press release dated January 12, 2022 regarding the effective date of the plan of arrangement, trading of the Company’s common shares will begin after the Arrangement and after the Combination on Tuesday, January 18, 2022, or at a later date as may be determined by the TSX. The Company will issue a further press release to confirm the date on which the Common Shares will begin trading following the Arrangement and following the Consolidation.

Silver Elephant confirms that until such date, which will be subsequent to the effective date of January 14, 2022, the Common Shares will continue to trade on the TSX on a pre-arrangement and pre-consolidation basis. Then, on that date, the pre-regrouped shares will undergo the exchange in accordance with the arrangement as follows:

Consolidated ordinary shares will be exchanged on the basis of 10 pre-Combination ordinary shares held for:

  1. one post-Consolidation ordinary share of the Company;

  2. one common share of Flying Nickel Mining Corp. (“Flying nickel“);

  3. one common share of Nevada Vanadium Mining Corp. (“Nevada Vanadium“); and

  4. two common shares of Battery Metals Royalties Corp. (“Battery metals“).

For further information regarding the Arrangement, readers should refer to the Company’s management information circular prepared in connection with the Meeting, a copy of which is available at and More information on Silver Elephant, Flying Nickel, Nevada Vanadium and Battery Metals can be found at,, and, respectively.



“John Lee”

Executive chairman

For more information on Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution regarding forward-looking statements

Certain statements contained in this press release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “believes” or similar expressions, and statements relating to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. These forward-looking statements, which include statements regarding the completion of the Arrangement, the issuance of a TSX trading bulletin in respect of the Arrangement and the settlement of securities in the accounts of beneficial shareholders, are based on on certain factors and assumptions and involve risks and uncertainties which may cause actual results, performances or achievements to differ materially from future results, performances or achievements expressed or implied by these forward-looking statements.

These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements of Silver Elephant. Silver Elephant believes that the expectations reflected in the forward-looking statements contained in this press release are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant has attempted to identify material factors that could cause actual actions or events to differ materially from those described in forward-looking statements, there may be other factors that may cause actual actions or events to differ materially from those described in forward-looking statements, there may be other factors that may cause actions, events or results are not as expected, estimated or intended. Silver Elephant does not undertake to publicly disclose any future revision of forward-looking statements to reflect events or circumstances after the date of such news or to reflect the occurrence of unforeseen events, except as expressly required by law.

None of the securities to be issued under the Flying Nickel Offer has been or will be registered under the United States Securities Act of 1933, as amended (the “US Securities Act“), or any state securities law, and all securities that may be issued in connection with the transaction should be issued on the basis of available exemptions from these registration requirements in accordance with Section 3 (a ) (10) of the US Securities Act and applicable state exemptions This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

THE SOURCE: Silver Elephant Mining Corp.

See the source version on

Senate change will not inform the Iowans better | News, Sports, Jobs Tue, 11 Jan 2022 06:21:54 +0000 Typically, in the days leading up to the start of a new session of the Iowa Legislature, attention turns to the goals and priorities of lawmakers – and the promises they make to work together for. for the good of the people of Iowa. This year, however, the Republican leaders who control the Iowa Senate […]]]>

Typically, in the days leading up to the start of a new session of the Iowa Legislature, attention turns to the goals and priorities of lawmakers – and the promises they make to work together for. for the good of the people of Iowa.

This year, however, the Republican leaders who control the Iowa Senate announced a controversial move that erases more than a century of openness – expelling reporters from the floor of the Senate Chamber.

This ill-conceived action makes Iowa an outlier among the legislatures of all 50 states. One could count on one side those who do not allow journalists to take the floor of their legislature.

Nowhere in their decision do the Senate leaders claim that this change will better inform the people of Iowa about the important work the Senate does.

There’s a reason they don’t say that – because, obviously, the people of Iowa won’t know more about what the Senate does, or better understand why Senators make the decisions they make. ‘they will take.

If the tacit reason for the change is that Iowa Senate leaders have been angered by the Senate media coverage in recent years, then keeping reporters away from Senators will not improve the accuracy or fairness of media coverage.

Journalists are not a modern addition to the Iowa government. When the Capitol was built in the late 1800s, a workspace was provided at the front of the House Chamber and the Senate Chamber for reporters who regularly covered the debates, deliberations and agreements of the legislators.

Through the Great Depression and the wars, through bitter debates over the sale of alcohol and gambling, the consolidation of schools and the creation of community colleges, and a multitude of other issues, large and small. , the journalists were seated in front of the Senate, reporting on these proposals, the proposed amendments and the parliamentary maneuvers in the magnificent room.

During the first 40 years of the Capitol’s existence, journalists had the so-called “bench press” to themselves. When radio first arrived in Iowa in the 1920s, legislative leaders adapted and this new type of reporter was housed. When television arrived in the 1950s, legislative leaders again adapted and television journalists were allowed to work from the Senate.

But now, with the arrival of reporters for websites providing news and opinion content, Senate leaders claim to be unable to adapt to this new era of journalism.

The Senate leadership decision comes particularly badly as the number of journalists covering the legislature full-time in Iowa and many other states is dwindling as newspapers merge and their numbers shrink.

In my role as executive director of the Iowa Freedom of Information Council, I issued a statement Friday on the Senate decision. And on Saturday, the Washington Post called to inquire about the decision.

Here is what I said: “Everyone in Iowa should be troubled, as we are, by the decision of the leaders of the Iowa Senate. … Denying journalists access to the floor of the Senate Chamber does not continue Iowa’s long and proud tradition of transparency that is the foundation of our democracy.

I said the ruling is a blow to transparency as it makes it harder for journalists to help the public understand the many issues that lawmakers face and how those issues will affect the people of our state.

I explained how reporters could grab a senator’s attention and nod their heads into a quick conversation outside the senator’s room to get clarification on the progress of a bill. . Reporters might notice a few key opponents to the side in the bedroom having a whispered conversation and could then ask if a significant compromise was underway.

One of the comments I made to the Washington Post reporter was that government transparency is even more important when a political party controls the House, the Senate, and the governor’s office, regardless of the party.

With a party having what is called a “Trifecta”, rules and norms are easier to set aside so that decisions can be made with less scrutiny by the public or by journalists, who serve as the eyes and ears of the public in gathering information, providing an important context and background, and by asking questions of government officials the citizens themselves are not in a position to ask.

The decision to expel journalists from the Senate was not taken in isolation.

A few years ago, Republican leaders in the Legislature shortened the length of notice required before subcommittee meetings were held. This was a significant change as it is now more difficult for people in Iowa to know which bills are passed and to make their views known before lawmakers vote on those issues.

Lawmakers like to talk about how they are elected to go to Des Moines and represent the people. Last week’s disturbing decision by Iowa Senate leaders shows some lawmakers have forgotten who they work for.

Randy Evans is the executive director of the Iowa Freedom of Information Council.

The latest news today and more in your inbox

Intuit to Acquire Credit Karma Mon, 16 Aug 2021 08:19:24 +0000 MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks and Mint, today announced that it has agreed to acquire Credit Karma, the consumer technology platform with more than 100 million members in the U.S., Canada and U.K., for approximately $7.1 billion in cash and stock. By agreeing to acquire Credit Karma, a company […]]]>

MOUNTAIN VIEW, Calif.–()–Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks and Mint, today announced that it has agreed to acquire Credit Karma, the consumer technology platform with more than 100 million members in the U.S., Canada and U.K., for approximately $7.1 billion in cash and stock. By agreeing to acquire Credit Karma, a company with nearly $1 billion in unaudited revenue in calendar year 2019, up 20% from the previous year, Intuit accelerates its mission of powering prosperity around the world.

The combination brings together two technology leaders with a shared goal to help solve the personal finance problems that consumers face today, regardless of their financial situation — managing debt, maximizing savings, access to better credit cards and loans — with an aim to put more money in consumers’ pockets.

Our mission is to power prosperity around the world with a bold goal of doubling the household savings rate for customers on our platform,” said Sasan Goodarzi, CEO of Intuit. “We wake up every day trying to help consumers make ends meet. By joining forces with Credit Karma, we can create a personalized financial assistant that will help consumers find the right financial products, put more money in their pockets and provide insights and advice, enabling them to buy the home they’ve always dreamed about, pay for education and take the vacation they’ve always wanted.”

We started Credit Karma with a goal to build a trusted destination for all consumers, to make financial progress regardless of where they are in life,” said Kenneth Lin, Founder and CEO of Credit Karma. “We saw the opportunity to enrich people’s financial lives through transparency, simplicity and certainty.”

Many consumers struggle with not knowing or not fully understanding where they stand with their finances. Household debt in the United States hit $14.1 trillion including, among other sources, $9.6 trillion in mortgage debt, nearly $1 trillion in credit card debt and $1.5 trillion in student loan debt.1 In addition, 23 million people relied on at least one payday loan in 2018 to get faster access to cash.2 At the same time, we know consumers want to improve. In fact, 60% of consumers say they are trying to improve their credit score.3

Intuit and Credit Karma will tackle these problems by making it simple for consumers to make better decisions with their money through a consumer finance platform that works like a personalized financial assistant, helping consumers find the right financial products, put more money in their pockets and have access to actionable insights and advice. This platform will provide consumers with transparent access to their critical personal finance information – including their income, spending, and credit history – to help them better understand their complete financial picture and use it to their advantage, such as for obtaining better interest rates, all with security in mind. The result will be a complete financial profile that puts the power in consumers’ hands so they can take the steps necessary to improve their financial health and maximize their money.

The platform, leveraging artificial intelligence and connections to over 100 financial partners, will help consumers:

  • Find the right financial products by matching consumers with pre-approved offers on loans and credit cards with competitive interest rates that are right for them.
  • Put more money in their pockets by connecting them to higher yield savings accounts and, in the future, will provide faster access to their hard-earned cash.
  • Provide insights and advice to help consumers make better decisions about their money and improve their credit score.

Founded in 2007, Credit Karma has experienced remarkable success. Credit Karma presently has the largest engaged member base in consumer digital finance with more than 100 million members, with 37 million monthly active users of which 88% engage on mobile devices. The company has nearly tripled the growth of its member base over the past five years and created a marketplace comprised of more than 100 financial service providers.

There’s a lot of innovation and investment in FinTech, but we don’t see anyone, with our collective capabilities, pursuing a personalized financial assistant to help consumers take control of their financial lives,” Goodarzi said. “Together with Ken and the Credit Karma team, we’re going to bring together consumers and financial institutions in innovative ways that lower costs for all those involved and level the playing field for consumers regardless of their economic status. We believe we can transform the personal finance industry and power the economy.”

We could not have picked a better partner than Sasan and the Intuit team to accelerate our mission to champion financial progress for our members,” Lin added. “Together, the complementary strengths of our combined companies will help us to invest in innovation, build faster and deliver products our consumers expect and deserve.”

Transaction Details

The transaction is expected to be neutral to accretive to Intuit’s non-GAAP earnings per share in the first full fiscal year after the transaction closes. Intuit has agreed to pay total consideration of approximately $7.1 billion to acquire Credit Karma, subject to customary adjustments for transactions of this nature. The purchase price for Credit Karma will be payable in equal portions of cash and Intuit common stock, with the shares of Intuit common stock being valued at approximately $299.73 per share (which price was calculated based on the daily volume-weighted average sales price per share for Intuit common stock for the ten trading days ending on February 21, 2020). The per share price of these shares has been fixed as of the merger agreement signing date. The aggregate value of these shares will fluctuate based on changes in our share price between the signing date and the closing date.

The total consideration of $7.1 billion includes an estimated $1 billion of equity awards that will be expensed over up to three years. Following the close of the transaction Intuit will issue approximately $300 million of restricted stock units to Credit Karma employees, which will be expensed over four years.

Intuit expects the cash consideration to be financed through cash and its existing unsecured line of credit. The transaction is not expected to have an impact on Intuit’s existing dividend and share repurchase principles. The transaction is expected to close in the second half of calendar year 2020, subject to receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.


Qatalyst Partners is serving as Intuit’s financial advisor, with Latham & Watkins, LLP serving as legal advisor. Goldman Sachs & Co. LLC is serving as Credit Karma’s financial advisor, with Skadden, Arps, Slate, Meagher & Flom LLP and Wilson Sonsini Goodrich & Rosati serving as legal advisors.

Conference Call Details

Intuit and Credit Karma executives will discuss the details of this transaction during Intuit’s second quarter earnings conference call at 1:30 p.m. Pacific time on February 24. To listen to the call, dial 844-246-4601 in the United States or 703-639-1172 from international locations. No reservation or access code is needed. The conference call can also be heard live at Prepared remarks for the call will be available on Intuit’s website after the call ends and at

About Intuit

Intuit’s mission is to Power Prosperity Around the World. We are a global financial platform company with products including TurboTax, QuickBooks, Mint and Turbo, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves approximately 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social.

About Credit Karma

Founded in 2007 by Ken Lin, Credit Karma is a consumer technology company with more than 100 million members in the U.K., United States and Canada, including almost half of all U.S. millennials. While best known for pioneering free credit scores, the company’s members turn to Credit Karma for everything related to their financial goals, including identity monitoring, applying for credit cards, shopping for loans (car, home and personal), filing their taxes and now high-yield savings accounts through our bank partner, MVB, Inc., Member FDIC — all for free.

Learn more about how Credit Karma members are making financial progress on Facebook, Twitter, and YouTube.

Cautions About Forward-looking Statements

This communication contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements and information usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These factors include, without limitation, the following: failure to obtain required regulatory approvals in a timely manner or otherwise; failure to satisfy any closing conditions to the proposed acquisition of Credit Karma, Inc.; risks associated with tax liabilities or changes in U.S. federal tax laws or interpretations to which the proposed transaction with Credit Karma, Inc. or parties thereto are subject; failure to successfully integrate any new business; failure to realize anticipated benefits of any combined operations; unanticipated costs of acquiring or integrating Credit Karma, Inc.; potential impact of announcement or consummation of the proposed acquisition on relationships with third parties, including employees, customers, partners and competitors; inability to retain key personnel; changes in legislation or government regulations affecting the acquisition or the parties; and economic, social or political conditions that could adversely affect the acquisition or the parties. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2019 and in our other SEC filings. You can locate these reports through our website at We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We do not undertake any duty to update any forward-looking statement or other information in this communication, except to the extent required by law.

No Offer or Solicitation

This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.

Additional Information

Important Additional Information Will be Filed with the SEC

Intuit will file with the SEC a registration statement on Form S-4, which will include the prospectus of Intuit (the “prospectus”). INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROSPECTUS, AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT INTUIT, CREDIT KARMA, INC., THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the prospectus and other documents filed with the SEC by the parties through the website maintained by the SEC at In addition, investors and shareholders will be able to obtain free copies of the prospectus and other documents filed with the SEC on Intuit’s website at

1 NY Fed 2019

2 Financial research company Moebs Services

3 Shopping around for a mortgage pays off, Q1 2019 Fannie Mae

Source link

]]> 0
‘Thrown back in jail – it’s cruel’: why was actor Amy Locane imprisoned twice for the same crime? | Culture Mon, 16 Aug 2021 08:17:39 +0000 Amy Locane is struggling to make sense of it all. The actor and mother of two children knows she committed a crime with devastating consequences, so she accepted it when she pretty much lost everything as a result – doing her time in jail uncomplainingly. The one thing she can’t accept is that, after being […]]]>

Amy Locane is struggling to make sense of it all. The actor and mother of two children knows she committed a crime with devastating consequences, so she accepted it when she pretty much lost everything as a result – doing her time in jail uncomplainingly. The one thing she can’t accept is that, after being released and living in the community for five years as a model citizen, she is back in prison for the same crime. It is a situation that one legal expert described as “unheard of”.

In September 2020, Locane was re-sentenced to eight years in jail. “I’m not really sure what’s going on,” she tells me from the Edna Mahan correctional facility for women. “I walk around in a daze. It’s really messing with my mind. I never violated any rules. I never reoffended, and then to get thrown back in here … it’s cruel. I feel like I’m being made an example of.”

The night of 27 June 2010 will be etched into her mind for ever. Locane had just finished her run in a play at the local community theatre in Hopewell, New Jersey. Afterwards, there was a wrap party for the cast and crew. Locane had a few drinks and moved on to a barbecue at the home of friends, where she met up with her then-husband – and drank some more. She says she was expecting him to drive her home, but he left earlier, taking the children. She decided to drive home in her SUV. She knew she shouldn’t, but she told herself it was only a 15-minute drive.

At a red light, she crashed into the back of a Honda. The driver approached Locane for her insurance details. She observed Locane’s slurred speech and glassy eyes, and tried to remove her car keys from the ignition, telling her that she was drunk and the police were on their way. Instead, Locane sped off, and the Honda driver followed. Locane was driving at 53mph in a 35mph zone when she smashed into the car of Fred Seeman as he was turning left into his home. His 60-year-old wife, Helene, an art historian with two children, was killed almost instantly. Fred Seeman, a real-estate lawyer who runs his own firm, was seriously injured. Locane ended up in a drainage ditch, but was not badly hurt. She was almost three times over the drink-drive limit.

Marcia Zucker holds up a photo of her daughter, Helene Seeman, during the first sentencing in 2013. Photograph: Patti Sapone/AP

Locane was not a household name, but, having worked as an actor, she was famous enough for her disgrace to become headline news. She had featured in the first series of Melrose Place, and co-starred in the cult film Cry-Baby, a rock’n’roll romcom directed by John Waters, which was an unqualified success when it was released in 1990. Locane, 18 at the time, was cast opposite Johnny Depp – he played the leader of the rebellious Drapes, she played a member of the prissy Squares, and their characters fell in love. For Depp, it was his first leading role in a movie; for Locane it was to be her only one. She was in more films, but the roles got smaller as her star waned.

In the mid-00s, she quit Los Angeles and returned to the New Jersey of her childhood. She gave up the movies for marriage and motherhood. Her first daughter, Paige, was born in 2007; her second, Avery, in 2009.

The fatal accident happened 17 months after the birth of Avery. The case did not come to court for two years. At the trial, police testified that Locane was “giggling” at the scene, and when they took a blood test she asked: “Am I pregnant or am I just drunk?” She said she had drunk four glasses of wine, and beer.

In November 2012, she was convicted of second-degree vehicular homicide and assault by automobile. The minimum sentence was five years, but Locane was given three thanks to mitigating factors – she had a clean criminal record, and it was thought that her children’s welfare would suffer if she was jailed for longer. (One of her children has a serious health condition.) Locane’s defence also said that Fred Seeman had crossed her lane when she had right of way.

Locane’s arrest photograph in 2010.
Locane’s arrest photograph in 2010. Photograph: Somerset County Jail

The Seeman family were horrified by the leniency of the sentence. Helene Zucker Seeman was a much-admired curator, author and adjunct professor at New York University’s school of continuing education. Fred Seeman shouted at Locane that “having a sick child doesn’t give you a pass to kill my wife!” and told the judge it was a “travesty” before storming out of court in tears. The state said it reserved the right to increase the sentence. But Locane was released on parole in June 2015.

Shortly after being released in 2015, Locane walked into the Hopewell Presbyterian church. She had been brought up a Catholic, and rediscovered her faith while incarcerated. “I knew there was an actress who had had the drunk-driving accident, but I didn’t know her name,” Barbara Pauley says. Pauley, a church member and licensed therapist, mentored local women who needed support. She and Locane became close friends. “She was open about her story. There was no secret about it; it had been all over the newspapers. Amy and I met up every week for about two years.”

Pauley says Locane had to start all over again. Soon after her release, her husband filed for divorce and gained custody of Paige and Avery. Locane, Pauley says, was left with nothing – no home, no car, because she had lost her licence, no job, no money. She was also ostracised by some of her old friends. “She felt judged. Some people thought she got off easy because she was an actress.”

Pauley thought it was remarkable the way Locane made a new life for herself. She describes the area where Locane was living in Hopewell, a borough of Mercer county in the state of New Jersey. “There is no public transport. Nothing. And there is no way to get around if you don’t drive. And, of course, because of her accident she did not have a driver’s licence. But somehow she made it work.”

Pauley describes how Locane walked everywhere – to her Alcoholics Anonymous meetings, to see the kids, to apply for jobs. She returned to college to do basic English and business courses with the hope of going on to university. She was committed to stopping others repeating her mistakes too she visited schools to talk to students about the dangers of drinking and driving. She became a substance abuse recovery coach and talked to recovering female opioid addicts and women recently released from jail. She also volunteered in her children’s school, despite their initial reluctance to have somebody with such a serious conviction supporting the pupils, and she got herself two paid jobs, one in an antiques shop.

“Humans have an inherent resilience,” Pauley says. “Amy’s resilience – to think she was coming back to a family and husband only to find out that wasn’t true, to have no financial resources, and to have two daughters who, quite frankly, were fairly traumatised by the situation, and to be solely focused on rebuilding the relationships with her children – was phenomenal.”

Did Locane struggle with what she had done? “Yes. There were daily reminders of what had happened and what it had cost – to the Seeman family and to her. She was living in a two-bedroom apartment, it was not a home with her husband and her children. When your life has changed so drastically, waking up every day in the apartment she lived in was a reminder of how she got there.”

Pauley is still grappling with the logic of why her friend is now back in jail. As well as ruling that she had been wrongly sentenced, the judge said she showed no remorse. “How can you tell when someone has shown no remorse?” Pauley asks. “Do you walk in their shoes, do you live their life, have you talked to her? That to me is shocking. I think there was a huge amount of remorse, and we saw it in how she tried to use her story to prevent further tragedies.”

James Wronko, Amy’s new partner, is an attorney, and ended up defending her when she could not afford to pay for one during the appeals procedure. A year after her release, the appeals court ruled that her sentence was too lenient, and referred the case back to the original judge. The judge did not agree, and gave her the same sentence again.

In February 2019, a new judge re-sentenced Locane to five years, but she remained free on bail pending a further appeal. In July 2020, the appeals court ruled that the second judge had also sentenced her incorrectly and rejected Wronko’s argument that re-sentencing her violated double jeopardy protections, which state that people cannot be tried twice for the same crime. At her fourth and final sentencing, a third judge was brought in from another county.

In court, Fred Seeman said Locane had never accepted responsibility for his wife’s death, and asked the final judge, Angela Borkowski, to “send a message” with her sentence. Borkowski gave Locane eight years for second-degree vehicular homicide and 18 months for fourth-degree assault by auto to be served concurrently (in practice, this would be five extra years because she had already served three). Under New Jersey state law she is required to serve six years before she becomes eligible for parole. Having already served three years, Locane will be eligible for parole in another three years.

With Brendan Fraser in the 1994 film Airheads.
With Brendan Fraser in the 1994 film Airheads. Photograph: Moviestore/Rex/Shutterstock

“The judge ignored everything Amy had done in the past five years,” Wronko says. “She ignored [the fact] that this was going to be a second separation of mother and children. The judge basically sentenced her as if it were 10 years ago.”

Wronko says the pandemic has made the whole thing more painful. “The first time Amy was in jail she was in a job sewing uniforms for male prisoners, she supported fellow inmates on a peer-to-peer programme and she also worked on the puppy programme training dogs for law enforcement. All this gave her a purpose. Now there are no jobs, no education classes, no programmes. There has recently been an outbreak of Covid, and two of her bunkmates have just tested positive.”

When invited to comment about Locane being returned to jail, Fred Seeman said: “The judge’s September 2020 decision on sentencing provides a well-reasoned repudiation of the defendant’s arguments. At the hearing, our family spoke in open court. We have nothing further to add to that.”

The attorney and legal commentator John Furlong believes the case is unprecedented. “I have practised criminal law for nearly 45 years, and I have never seen an outcome or circumstance quite like Amy Locane’s,” he says. “When I was a young lawyer, we punished the guilty. We did not torture them. Times have changed. Amy Locane’s resentencing undermines public confidence in our entire criminal justice system. Lawyers and citizens alike lose confidence in the finality of judgment.” Lawyers such as Furlong fear this case could set a precedent. The justice system is founded on the principle that people sent to jail serve their time and are then rehabilitated and free to rebuild their life. Furlong believes that when a sentence is extended willy-nilly, and after time has been served, the very concept of justice is undermined. “If courts can extend sentences after they have been served, our system will break down.”

“Every night I go to sleep and think: ‘God, please don’t let Amy get Covid,’” says Locane’s mother, Helen Locane. Her voice is just like Amy’s, and she laughs like her, too. You sound so youthful, I say. “For an old woman, is that what you’re saying? Hahaha!”

Despite Helen’s brightness, it’s clear she is in shock. “It’s so unfair. She paid her debt to society. I feel so bad for my granddaughters. Their birthdays are next week – they’re going to be 12 and 14.”

They have only been able to visit her once since she was jailed again. “The youngest one asked me: ‘Can I touch her hand?’ I said: ‘No, you can’t,’ and she just looked at me. It’s heartbreaking, just heartbreaking.”

I ask what Amy was like as a little girl and the bounce returns to her voice. “She was very bubbly. Her father and I separated when she was 18 months old. She was so energetic, so full of pep, I’d be exhausted by her. ”

Was she a talented kid? “Yes. One day she said to me: ‘Mom, I think I’m going to be in a talent show.’ And I said: ‘Well, what are you going to do?’ And she said: ‘I’m going to sing, and I need a piano player.’” Helen giggles. “Well, my ex’s cousin was a piano player … she was 10.” How did she do in the talent show? “She won it. I thought the voice I was hearing was a recording, but it was her. Then she won another talent show and another. I was told: ‘You really should get her an agent.’ And I thought: well, this could be a way for her to get some money to put away for college.” So she got an agent and went to her first audition and got a commercial.” At the age of 17, she was cast in her first film, Lost Angel, made by the Chariots of Fire director, Hugh Hudson. Helen, who worked as a legal secretary, says they were forever heading off for auditions. “I would work my lunch hour, leave work early, go pick her up, and we’d go on the train, be in there for five minutes. It was exhausting, but I felt an obligation to do it for her.”

Was she ambitious? “Absolutely. It’s funny, now she says she didn’t like it. I don’t understand it. I let it go in one ear and out the other because I know you can’t make a child do those things – you can’t make a child win a contest.”

Locane with Johnny Depp in Cry-Baby.
Locane with Johnny Depp in Cry-Baby. Photograph: Henny Garfunkel/Imagine/Universal/ Kobal/REX/Shutterstock

In Cry-Baby, Locane’s character, Allison, starts out as a goody-goody. Was Amy like that? “Absolutely. Absolutely!” Did she also have a rebellious streak? “As far as I was concerned she was just that good girl. That was a crazy film. Oh my God, when they were doing all that french kissing … I was sitting there with the director, John Waters, and Johnny Depp looked at me, and asked: ‘Was that all right?’ Just after all the french kissing. I was like: ‘Oh, my God. Why did he say that to me?’”

Waters, known affectionately to his fans as the king of camp, baron of bad taste and pope of trash, is at home in Baltimore when we speak. I ask him what Locane was like when he made Cry-Baby. “She was the most innocent 17-year-old girl. I felt bad for her because she couldn’t hang out with us. She was a senior in high school, thrown in with us, and her mom was here. She said to her co-star Patty Hearst: ‘You’re the only normal one here’ – she didn’t even know that Patty had been kidnapped [by members of a radical group with whom she was later convicted of committing crimes]. The first day of rehearsal she had to kiss Johnny Depp, and she fainted, which was lovely.” He pauses. “Well, I would have fainted, too, if I’d kissed him.”

Waters has taught in prisons, and he says Locane’s initial sentencing, and the way she emerged from it, could have been a model for prison as a rehabilitative system. “Amy left her babies and went to prison. She served her time and did it well. She came out, started again and tried to make herself a better person. She has been sober ever since, and has spread the word about being sober to anybody she can.”

What did he think when he heard she had been re-sentenced? “I was in complete shock. I have never heard such a thing as this, where you do your time, then another judge says you didn’t have enough. To me, that is a cruel punishment.” The judge said she showed no remorse, I say. “Well, I’ve talked to her. I know how remorseful she is. Let’s be honest, if any actress shows remorse, they will claim she is an actress.”

John Waters … ‘She came out, started again and tried to make herself a better person.’
John Waters … ‘She came out, started again and tried to make herself a better person.’ Photograph: Daniele Venturelli/WireImage

Waters says he regards what happens as a tragedy for both families. “It was a terrible accident. Almost everybody thinks what they have handed her now is unfair. I never thought I would ever be campaigning to free Amy Locane. She is the most unlikely of any of the stars I’ve worked with to go to jail.”

Two years after Cry-Baby, Locane was cast as the waitress Sandy Louise Harling in Melrose Place, a spin-off from the teen drama Beverly Hills 90210. Helen says she had a bad feeling about it from the start. “Back then, TV was like dumbing down. If you did TV and then you did film, that was a good thing, but if you did film, and then you did TV … that was like a no-no. Amy wanted to continue working, so she did Melrose Place. Her agent wasn’t too crazy about it, but it wasn’t our decision, it was Amy’s. And now the funny thing is that this is the thing she is remembered for.”

In a 2017 Entertainment Weekly article, her Melrose Place co-star Doug Savant said: “She was a sweet young girl, but she overestimated her position in the business.” When I speak to Locane today, she says looking back Savant’s assessment is fair and her reputation took a battering both because she was written out of the show and because of how she behaved on it. “Unfortunately, I was a product of being a child actor. I had always been set aside from my peers. I had no social skills and didn’t behave appropriately on Melrose Place.” She says she did not mix with other actors because she was so shy, and appeared aloof and diva-ish. She calls it a “debacle”, and says things got much tougher for her when she was fired. “I never did a TV show after that.”

Locane went back to the movies, and had a decent run in the early 1990s. In Blue Sky, the story of a nuclear testing cover-up, she played the daughter of Tommy Lee Jones and Jessica Lange (who won a best actress Oscar for her performance). In School Ties, a sports drama about antisemitism in an elite Massachusetts prep school, Locane was cast as the on-off girlfriend of Brendan Fraser.

But good parts in quality films became rare. By the time she quit she tended to be cast in cameos at best – one of her final films, in 2002, was a blink-and-you-miss-it role in the sadomasochism drama Secretary. She had become sick of the movie industry and disappointed with her career. In 2006, she left Los Angeles and returned to New Jersey. She soon settled down to marriage and motherhood. Acting was now a hobby.

Did Helen sense Locane was in trouble around the time of the accident? “No. She seemed happy, she had two beautiful little girls.” I tell her that I had a sense her life was spiralling out of control; that she was unhappy, and drinking heavily. Helen disagrees. “She wanted a different life, she came home, she met her husband, she had two beautiful little girls, and she was busy with them. That’s the way I see it. They were a very happy family.”

Locane in a PR shot for Melrose Place.
Locane in a PR shot for Melrose Place. Photograph: Moviestore/Rex/Shutterstock

Then came the accident, prison and divorce. Helen talks about how Locane re-built her relationship with her daughters, and says she is proud of her. “It was hard, and she was patient.” Did they feel their mother had let them down the first time she was in jail? “Absolutely. The older one has abandonment issues. When she went to see her mom, she just sat there and tears were coming down her face.” And now Helen herself is getting tearful. She apologises. “I’m fine, I’m just a little bit upset.”

Back at the Edna Mahan correctional facility for women, Locane says it was tough when the girls visited her, and asked why she had been returned to jail. “They kept saying you learned your lesson, we don’t understand, and I just keep telling them to hang in there. We had to keep 6ft apart; we weren’t able to hug or touch. I can’t tell you how horrible it is being incarcerated during Covid.” How did the girls react to not being able to touch her? “Frankly, one of the girls doesn’t want to come here because she doesn’t want to see me like this.”

If the state had wanted to extend her sentence, why wait this long, she asks. “If they’d added more time when I was already in here, it would have saved the brutality of being taken away from the girls again.”

Locane says the decision to send her back makes no sense from any perspective – economic, rehabilitative, or wellbeing. “The state spends millions on rehabilitation programmes, and I am rehabilitated. Then they throw me back in here.”

She says it feels as if she’s been punished for rebuilding her life; that people would only believe her remorse if she was permanently in sackcloth and ashes. “What kind of service are you giving to the world, yourself or your children if you’re just going to stay in a rut? If people are going to read into this that I have no remorse it’s incredibly cynical.”

The most cynical thing, she says, is when Borkowski questioned her motive for talking to students about the dangers of drink-driving. “She said I only did it for the press. Going to a high school to tell students that you killed somebody, how can that be good press?”

What did she say to the students? “I would tell them rather than avoiding painful situations or things that are making you sad, deal with them because if you don’t you will have to find other ways to numb your feelings, and it will catch up with you – and that could lead to tragedies. I obviously tell them not to drink and drive and not to repeat my mistake – look at me as the person who made the mistake, and this is what you open up yourself and innocent people to. All this devastation can be avoided.”

I ask what specific problems she was having in her life that led to her drinking. She says she doesn’t want to talk about that at the moment. “Believe me, that is a story, but for another time …”

For now, Locane is trying to remain positive. “I wake up every morning at 5am and read positive affirmations, I work out and try to meditate,” she says. “No one’s up here at that hour, so I have a certain amount of peace. I go outside and breathe in the fresh air, and walk around.” She doesn’t mention that the area she is allowed to walk in is tiny and fenced in with barbed wire. “Where we are is a beautiful countryside, so I try to soak it all in. And I try to keep my mind occupied. I bought a deck of cards, so I’m playing rummy 5,000 with some girls I’ve met in here.”

Has she had support from old friends in the film industry? “Yes,” she says enthusiastically. “I got a lot of support from John Waters particularly. The whole Cry-Baby cast is a very tight-knit little family, we are very supportive of one another. I have heard from Ricki [Lake], Traci [Lords] and Patty [Hearst].”

On her Twitter profile, she describes herself as an ex-actress. I ask whether she hopes to return to acting one day when she gets out of jail. “I don’t know,” she says. “I have to focus on the task at hand. It’s intense right now.”

Back in New Jersey, James Wronko says he is preparing to take Locane’s case to the United States federal court. Pauley has started a GoFundMe page to help finance this – at the time of going to press it has only raised $2,795 (£2,000) of its target of $20,000. As for Locane’s mother, Helen, she has also gone on the campaign trail, asking people to sign a petition to have her daughter released. “To put a petition online is just not me,” she says. “But I have to do everything I can to bring her home.”

Source link

]]> 0
Intuit finalise l’acquisition de Credit Karma Mon, 16 Aug 2021 08:16:26 +0000 VUE SUR LA MONTAGNE, Californie–(FIL COMMERCIAL)–Intuit (Nasdaq : INTU), fier fabricant de TurboTax, QuickBooks et Mint, a annoncé aujourd’hui avoir finalisé l’acquisition de Credit Karma, Inc., la plateforme technologique grand public avec plus de 110 millions de membres aux États-Unis, au Canada et Royaume-Uni La société combinée crée une nouvelle plateforme de crédit à la […]]]>

VUE SUR LA MONTAGNE, Californie–()–Intuit (Nasdaq : INTU), fier fabricant de TurboTax, QuickBooks et Mint, a annoncé aujourd’hui avoir finalisé l’acquisition de Credit Karma, Inc., la plateforme technologique grand public avec plus de 110 millions de membres aux États-Unis, au Canada et Royaume-Uni La société combinée crée une nouvelle plateforme de crédit à la consommation qui permettra aux consommateurs de prendre facilement de meilleures décisions avec leur argent et de prendre le contrôle de leur vie financière.

Cette combinaison de marques de confiance soutiendra les clients à une époque où les défis d’une pandémie mondiale ont rendu leurs besoins financiers personnels encore plus critiques. Actuellement, 62 % des consommateurs vivent de chèque de paie à chèque de paie, 75 % des Américains s’inquiètent de leur capacité à payer des factures et des prêts, et 33 % des Américains ont perdu des revenus pendant la pandémie tandis que la dette des ménages aux États-Unis a atteint 14 300 milliards de dollars. . Ces défis ajoutent encore plus d’urgence à l’objectif commun d’Intuit et de Credit Karma de fournir un assistant financier personnel pour aider les consommateurs à améliorer leur vie en trouvant des produits financiers pour augmenter leur épargne, rembourser leurs dettes et accéder à leur argent plus rapidement.

Nous sommes ravis de commencer notre voyage ensemble pour créer un assistant financier mobile et personnel pour les consommateurs afin de les aider à résoudre leurs problèmes financiers les plus urgents », a déclaré Sasan Goodarzi, PDG d’Intuit. “Ensemble, nous aiderons les consommateurs à réussir financièrement en toute confiance en les aidant à trouver les bons produits financiers, à mettre plus d’argent dans leurs poches et à fournir une expertise et des conseils financiers. Je souhaite personnellement la bienvenue à Ken et à l’équipe de Credit Karma dans la famille Intuit. Chez Intuit, nous sommes leurs fans depuis un certain temps et sommes prêts à commencer notre voyage ensemble. »

Nous avons fondé Credit Karma dans le but d’aider les consommateurs à faire des progrès financiers en leur donnant les ressources et les informations dont ils ont besoin pour prendre le contrôle de leur santé financière », a déclaré Kenneth Lin, fondateur et PDG de Credit Karma. “En Intuit, nous avons trouvé un partenaire qui non seulement partage cette mission et nos valeurs, mais qui possède la technologie et les antécédents pour nous aider à accélérer nos progrès afin que nous puissions faire encore plus pour les membres actuels et nouveaux. Cela signifie la possibilité de livrer notre feuille de route de produits actuelle en quelques mois, au lieu de ce qui aurait pu prendre des années. Nous sommes ravis de démarrer et de transformer notre vision en réalité. »

Grâce aux capacités de la société combinée et à l’accélération de l’innovation, les consommateurs, y compris les 57 millions de clients d’Intuit et les 110 millions de membres de Credit Karma, bénéficieront rapidement d’avantages révolutionnaires. Les consommateurs trouveront les bons produits financiers, y compris des offres inégalées sur les cartes de crédit, les prêts et les assurances. La plate-forme leur permettra également de maximiser leur remboursement d’impôt et de les connecter à des comptes d’épargne et des comptes chèques à haut rendement, leur offrant un accès plus rapide à leur argent. Les consommateurs auront également accès à une expertise et à des conseils financiers, à des informations exploitables, à des outils et à des experts en direct pour les aider à mieux comprendre leur situation financière complète, à prendre de meilleures décisions financières et à créer de la richesse.

détails de la transaction

Intuit a conclu son acquisition de Credit Karma pour une contrepartie totale d’environ 3,4 milliards de dollars en espèces et 13,3 millions d’actions d’Intuit et d’attributions d’actions d’une valeur de 4,7 milliards de dollars. La contrepartie totale comprend environ 300 millions de dollars en espèces acquises. Intuit accordera également environ 300 millions de dollars d’unités d’actions restreintes aux employés de Credit Karma peu de temps après la clôture de la transaction. De plus amples détails sur la transaction peuvent être trouvés dans le formulaire 8-K de la société déposé auprès de la SEC aujourd’hui.

Qatalyst Partners a agi en tant que conseiller financier d’Intuit et Latham & Watkins, LLP en tant que conseiller juridique d’Intuit. Goldman Sachs & Co. LLC a été le conseiller financier de Credit Karma, tandis que Skadden, Arps, Slate, Meagher & Flom LLP et Wilson Sonsini Goodrich & Rosati ont fourni des conseils juridiques à Credit Karma.

Informations sur la conférence téléphonique de mise à jour des directives

Les dirigeants d’Intuit organiseront une conférence téléphonique pour discuter des directives mises à jour pour inclure Credit Karma pour le deuxième trimestre et l’exercice complet de l’exercice 2021 à 13 h 30, heure du Pacifique, le 7 décembre. Pour participer à l’appel, composez le 866-417-5279 dans le États-Unis ou 409-937-8904 à partir d’emplacements internationaux. Aucune réservation ou code d’accès n’est nécessaire. La conférence téléphonique peut également être entendue en direct sur Les remarques préparées pour l’appel seront disponibles sur le site Web d’Intuit après la fin de l’appel.

Informations de relecture

Une rediffusion de cette conférence téléphonique sera disponible pendant une semaine en appelant le 855-859-2056 ou le 404-537-3406 depuis des emplacements internationaux. Le code d’accès pour cet appel est le 1335808. La webdiffusion audio restera disponible sur le site Web d’Intuit pendant une semaine après la conférence téléphonique.

À propos d’Intuit

La mission d’Intuit est d’alimenter la prospérité dans le monde entier. Nous sommes une société de plate-forme financière mondiale axée sur la mission avec des produits comprenant ImpôtRapide, QuickBooks, et menthe, conçu pour permettre aux consommateurs, aux travailleurs indépendants et aux petites entreprises d’améliorer leur vie financière. Notre plate-forme et nos produits aident les clients à obtenir plus d’argent avec le moins de travail possible, tout en leur donnant une confiance totale dans leurs actions et leurs décisions. Notre écosystème innovant de solutions de gestion financière sert plus de 50 millions de clients dans le monde. Veuillez nous rendre visite pour les dernières nouvelles et des informations détaillées à propos d’Intuit et ses marques et retrouvez-nous sur social.

À propos de Crédit Karma

Fondée en 2007 par Kenneth Lin, Credit Karma est une entreprise de technologie grand public comptant plus de 110 millions de membres aux États-Unis, au Royaume-Uni et au Canada, dont plus de la moitié de tous les millennials américains. Bien qu’ils soient surtout connus pour être les pionniers des cotes de crédit gratuites, les membres de l’entreprise se tournent vers Credit Karma pour tout ce qui concerne leurs objectifs financiers, y compris la surveillance de l’identité, les demandes de cartes de crédit, les achats de prêts (voiture, habitation et personnels), les assurances, l’épargne à haut rendement. comptes et maintenant des comptes courants via notre partenaire bancaire, MVB Bank, Inc., membre FDIC – le tout gratuitement. Découvrez comment les membres de Credit Karma font des progrès financiers sur Instagram, Facebook et Twitter.

Mises en garde concernant les déclarations prospectives

Cette communication contient des déclarations prospectives au sens des lois sur les valeurs mobilières applicables, y compris les attentes concernant nos produits actuels et futurs et leur impact sur l’entreprise combinée ; les attentes concernant le calendrier et la disponibilité de nos offres et de celles de Credit Karma ; les attentes concernant l’impact de nos décisions stratégiques sur les activités d’Intuit ; et les attentes concernant l’impact de l’acquisition de Credit Karma. Les déclarations et informations prospectives se rapportent généralement à des événements futurs et à des revenus, bénéfices, flux de trésorerie ou à d’autres aspects de nos opérations ou de nos résultats d’exploitation anticipés. Les déclarations prospectives sont souvent identifiées par les mots « croire », « s’attendre à », « anticiper », « planifier », « avoir l’intention de », « prévoir », « devrait », « devrait », « pourrait », « pourrait », « volonté », « estimer », « perspective » et des expressions similaires, y compris leur négatif. L’absence de ces mots, cependant, ne signifie pas que les déclarations ne sont pas prospectives.

Étant donné que ces déclarations prospectives impliquent des risques et des incertitudes, il existe des facteurs importants qui pourraient faire en sorte que nos résultats réels diffèrent sensiblement des attentes exprimées dans les déclarations prospectives. Ces risques et incertitudes peuvent être amplifiés par la pandémie de COVID-19, qui a provoqué une instabilité et une incertitude économiques mondiales importantes. Compte tenu de ces risques et incertitudes, les personnes lisant cette communication sont averties de ne pas se fier indûment à ces déclarations prospectives. Les facteurs qui pourraient entraîner une différence importante entre les résultats réels comprennent, sans s’y limiter, les suivants : notre capacité à rivaliser avec succès ; notre participation à la Free File Alliance ; un éventuel empiètement du gouvernement sur nos activités fiscales ; notre capacité d’adaptation aux changements technologiques; notre capacité à prédire le comportement des consommateurs ; notre dépendance à l’égard de la propriété intellectuelle de tiers ; notre capacité à protéger nos droits de propriété intellectuelle ; toute atteinte à notre réputation ; les risques associés aux activités d’acquisition et de cession ; l’émission d’actions ou l’endettement pour financer une acquisition ; nos incidents de cybersécurité (y compris ceux affectant les tiers sur lesquels nous comptons) ; les préoccupations des clients concernant les incidents de confidentialité et de cybersécurité ; activités frauduleuses de tiers utilisant nos offres ; notre incapacité à traiter efficacement les transactions ; interruption ou défaillance de notre technologie de l’information ; notre capacité à maintenir des relations commerciales critiques avec des tiers ; notre capacité à attirer et retenir les talents ; tout défaut de qualité ou de précision de nos produits (y compris les conseils donnés par des experts sur notre plateforme) ; tout retard dans les lancements de produits ; difficultés de traitement ou de dépôt des déclarations fiscales des clients ; les risques associés aux opérations internationales ; les modifications apportées aux politiques publiques, aux lois ou aux réglementations affectant nos activités ; les litiges dans lesquels nous sommes impliqués ; la nature saisonnière de notre activité fiscale ; les modifications des taux d’imposition et la législation sur la réforme fiscale ; changements économiques mondiaux; l’exposition au crédit, à la contrepartie ou à d’autres risques lors de l’apport de capitaux aux entreprises ; l’amortissement des immobilisations incorporelles acquises et les charges de dépréciation ; notre capacité à rembourser ou à respecter les termes de notre dette en cours ; notre capacité à racheter des actions ou à distribuer des dividendes ; volatilité du cours de nos actions ; notre capacité à commercialiser avec succès nos offres les risques associés aux obligations fiscales ou aux modifications des lois fiscales fédérales américaines ou des interprétations auxquelles la transaction avec Credit Karma ou des parties à celle-ci est soumise ; l’échec d’intégrer avec succès toute nouvelle entreprise ; l’incapacité à réaliser les avantages escomptés de toute opération combinée ; les coûts imprévus de l’intégration de Credit Karma ; le risque que les conditions imposées dans le cadre de l’approbation réglementaire de l’activité combinée, y compris la cession de l’activité Credit Karma Tax, nous affectent négativement et/ou les avantages attendus de l’activité combinée ; l’impact potentiel de la réalisation de l’acquisition proposée sur les relations avec les tiers, y compris les employés, les clients, les partenaires et les concurrents ; incapacité à retenir le personnel clé; les changements dans la législation ou les réglementations gouvernementales affectant l’acquisition ou les parties ; les conditions économiques et/ou politiques qui pourraient affecter négativement l’acquisition ou les parties ; l’impact de la pandémie de COVID-19 ; et les risques associés aux hypothèses formulées par les parties en relation avec les estimations comptables critiques des parties et les procédures judiciaires.

Plus de détails sur ces risques et d’autres susceptibles d’avoir une incidence sur nos activités sont inclus dans notre formulaire 10-K pour l’exercice 2020 et dans nos autres documents déposés auprès de la SEC. Vous pouvez localiser ces rapports sur notre site Web à l’adresse Les déclarations prospectives représentent le jugement de la direction d’Intuit à la date de cette présentation. Nous n’assumons aucune obligation de mettre à jour les déclarations prospectives ou autres informations contenues dans cette présentation.

Source link

]]> 0