The city of Philadelphia filed a suit against Wells Fargo and Co. on May 15th, 2017, stating that they had violated the Fair Housing Act of 1968. Karl Heideck, an attorney with Grant & Eisenhower PA law firm, explains the allegations and the ongoing problems with Wells Fargo.
The city of Philadelphia stated that the San Francisco based Wells Fargo Bank has steered Hispanic and African American borrowers towards loans that have higher interest rates even when they should have qualified for mortgages that had lower interest and lower risk. They further allege that the bank has made it more difficult for these borrowers to then refinance their mortgages, which has led to a higher rate of foreclosure in these populations when compared to Caucasian borrowers.
The city of Philadelphia investigated these claims for a year before filing, utilizing data from the last ten years. They found that African American borrowers were more than twice as likely to receive higher interest loans when compared to Caucasian borrowers while Hispanics were 1.7 times more likely to be offered risky loans. These comparisons were drawn from borrowers who all had a FICO score of 660 or higher.
This process is called redlining, which is a discriminatory practice that dates back to the 1930’s that is now illegal. Banks used to draw red lines around different neighborhoods that they didn’t want to extend loans to, usually due to a number of minorities that were living in this neighborhood. In this case, Wells Fargo is alleged to have denied lower interest loans to borrowers due to their race or the neighborhood that the borrower lived in.
This lawsuit is another huge blow to Wells Fargo. The bank is still trying to recover from a scandal in 2016 where bankers were creating fake accounts so that they could meet their sales goals. The bank is fighting these current allegations, stating that they are unsubstantiated. Wells Fargo has not yet filed a written legal response to the complaint or the city’s request for monetary damages of an unspecified amount as well as an injunction against Wells Fargo to stop them from following discriminatory lending practices.
Karl Heideck has previously focused his legal practice on risk management, civil litigation, and compliance and currently serves clients throughout the Philadelphia area. He now focuses on risk management, liquidity, acquisitions and transactional issues related to the 2008 mortgage crisis at Grant & Eisenhower PA.
Warren Buffet, an outspoken investor, asserted that investing in hedge funds in modern times is a risk. His sentiments elicited mixed reactions amongst industry fund players with some insisting he is wrong. He noted that investors get duped by fund managers and end up losing on their investments. Mr. Buffet adds that low-cost investments for a long term have proved to be safer for those seeking better retirement plans.
In his letter, Mr. Buffet offers advice that poor returns from mutual investment funds result from the high cost of management and excessive trading. The market is also volatile with unknown risk factors standing on the way. Investors are poorly advised on the possibility of the risks and fund managers concentrate more on luring them into making investments. A list of investors surveyed showed they lacked information on the risks that lay ahead in asset investments. These risks in include a 100% loss on investment in the event of a market downturn.
Timothy Armor Capital funds manager, adds there are no set criteria to determine the performance of an asset management fund company. Lack of defined performance measures leaves investors at the risk of losses despite the high returns that the industry attracts. Timothy continues to add that investors need to research and understand the chosen company and its performance over the years. According to his sentiments, his firm carries an investment history totaling over 653 years with its 18 equity funds investors all that yield profits for investors.
Mr. Armour experience with Capital Group spans for more than 30 years. He currently holds the position of Chief Executive Officer and the chairman since 2015 after the demise of James Rothenberg, his predecessor. During his time with the company, he has amassed a wealth of experience having worked as an equity investment analyst covering global telecommunications and US service companies.
His career at Capital group started as a participant in the associate’s program. He is an economics degree holder having graduated from Middlebury College. Armour also manages money for the company alongside his leadership duties. He is the acting fund manager for the $100 billion American Capital Income Builder Fund among others.
Marketing is a sphere that continues to become more and more competitive, and companies are trying new and innovative ways to lure the target audience. As each sector becomes more and more competitive, it has become essential for the companies to think out of the box and implement marketing measures that would help them get a competitive advantage over their counterparts. And, this is where the products and applications offered by Talk Fusion come in the picture.
Talk Fusion is a highly renowned technology firm that provides video marketing solutions along with a variety of video communication applications and products. The primary aim of the company is to help the companies look outside of their conventional marketing horizon, and take on the new age of marketing with the aid of video-based products and applications. Talk Fusion offers products such as video email, video chat, video newsletters, and more.
The company has found over the years of research that by adding video to any conventional marketing medium, its effectiveness improves by a high margin. It is, for this reason, Talk Fusion continues to come up with new products and applications for its clients, which includes both the individuals as well as the large-scale corporations. The products and applications offered by Talk Fusion can be used for personal as well as business purposes.
Many people use Talk Fusion applications such as Video chat and video email for private purposes, while in corporations, it becomes a useful tool to communicate with the management as well as the clients. The entire idea of video marketing solutions offered by Talk Fusion is based on the notion that videos are more effective in sending the message across, and it has been seen that it helps in improving the customer management by 44 percent and chances of customers buying the product of the company by 85 percent.
Bob Reina founded Talk Fusion in 2007 and presently serves as the CEO of the company. He said in an interview recently that video marketing has gained importance today, but Talk Fusion has been working on it for over a decade, and it is what reflects the experience and expertise of Talk Fusion in the video marketing sector.
Tony Petrello became a part of the Nabors Industries, Ltd. Board of Directors and Executive Committee in 1991. He served as President and Chief Operating Officer of the firm from 1991 through 2011. He has been President and Chief Executive Officer since October of 2011. He has been Chairman of the Executive Board since mid-2012. Tony provides leadership in strategic planning for the company, allowing them to prosper in an extremely competitive market and more information click here.
Nabors Industries does business in over 20 different countries. They are one of the largest oil and gas drilling companies in the world. They operate the largest land-based drilling fleet in the world. The company offers advanced drilling technology, directional drilling and software programs. They make and sell drives, catwalks, wrenches, and other related equipment for onshore and offshore drilling.
Before joining Nabors Industries, Anthony Petrello was with the law firm of Baker & McKenzie. He was there from 1979 to 1991, and focused on international arbitration, taxation and general corporate law. He was a managing partner while with the firms New York office from 1986 to 1991. Tony has a J.D, Degree from Harvard Law School and a Bachelor’s and Master’s Degree in Mathematics from Yale University and what Anthony knows.
Tony is married to Cynthia Caffafa, his college sweetheart. She worked as a soap opera actress and a television producer. They are active with the Texas Children’s Hospital. Their daughter Carena, suffers from cerebral palsy. They have donated millions of dollars to the neurology department at the hospital to help with the development of treatment plans for children with neurological disorders. Carena was born early at only 24 weeks, leading to her condition. She is nine years old and each day leads to a new miracle for her. Tony is a director on the board of Stewart & Stevenson LLC and of Hilcorp Energy. He is a member of the Board of Trustees of the Texas Children’s Hospital as well and resume him.
Clay Siegall is a prosperous individual who has achieved so much in life. He is also a philanthropist who has changed the lives of many and the society at large. Clay Siegall is the CEO and co-founder and also president of Seattle Genetic. In his education life he achieved a B.S in Zoology from the University of Maryland and a Ph.D from George Washington University in genetics. He also serves as a board member at the same company.
Biotechnology is simply the combination of various microorganisms in order of making medicine through processing the microorganisms. The medicines are well examined so that they can at the end find a good treatment for cancer. The company is in association with other organization to achieve the goal of making a good antibody drug conjugate (ADC). This initiative gives hope to many patients suffering from cancer because they believe they will get good treatment. So far Adcetric is the very first drug that the firm has made and it has been taken to over 60 countries.
According to the financial graph of Seattle Genetics, the company has raised their bars financially therefore showing how much it has accomplished. The company has supplied more than 20 ADC s to clinical developments. Clay Siegall has highly contributed to these developments. $330 million is what the organization has so far achieved due to its commitment to work hard. The cancer victims have had so much hospitality from the firm and they are grateful.
Another medicine that the firm has created is SGN-CD33A. cancer types such as acute myeloid have been able to get this drug. So far the treatment has proved to be working, the patients and the company as well are glad about this outcome. Seattle Genetics aims to achieve better cancer therapies to help in the T. They have teamed up with a number of organizations that have the same expertise to make this a reality.
Nick Vertucci didn’t set out to invest in Real Estate. The fact is that Nick had no experience in the field and was skeptical about the money that could be made in the industry. He needed proof. It was only after one of his friends persuaded him to go to a three day real estate seminar that his eyes were open to the possibilities of making real money.
He discovered through the seminar all the ins and outs of real estate investing. The hard part for him was the actual implementation. For Nick Vertucci it did take a lot of trial and error to learn everything he needed to know about real estate investing. The training that he received was well worth the effort. Nick Vertucci credits that first real estate investment seminar for helping him see “the light” and pursue the goals that the seminar introduced him to make to get out of the financial hole he was in.
Nick Vertucci founded NV Real Estate Academy to help others get out of the financial holes they are in. He wanted to share the system that he worked ten years to create. Nick Vertucci determined he would provide the same informational seminars that “hooked” him into becoming involved in the industry on nvrealestateacademy.com. He understood that it wouldn’t be easy to persuade some to invest in real estate. He knew that it would take a bit more convince these people that investing in real estate could “change their life.”
To meet this need, Nick Vertucci created a series of workshops and hands-on training sessions that cover his system. His team of qualified trainers helps students by providing information on handling the ongoing challenges of the real estate industry. Students can expect to learn:
Wholesaling and Flipping contracts
Rehabbing and Flipping properties
Buying and Holding properties for long-term cash flow
Many students that have already gone through the academy report financial success after using Nick’s system called the NVREA system at http://nvrealestateacademy.com/about/. The system consists of three easy to follow steps. He explains that the first step is the find the best deals and lock in the price. The second step is to prep the properties for flipping them to the highest bidder. The final step is to sell the property. Nick offers free workshops around the country to promote his system.
Mike Baur is a success Swiss businessman and entrepreneur. He worked in the banking industry for a long time, utilizing the knowledge he accrued and skill he got in his undergraduate and post graduate studies. He holds a Master of Business Administration degree which he earned at the University of Rochester. Impressively, he also holds another MBA, an executive one, from the University of Berne. His working experience provided him with more knowledge on handling capital investments and nurturing start-ups. After 20 years of learning and service and capital acquisition, Mike Baur left his successful banking career in the year 2014 at the age of 39 years to forge his own path in entrepreneurial startup acceleration.
Mike Baur is the co-founder of the leading early stage ICT Startup accelerator in Switzerland, the Swiss Startup Factory. The startup accelerator happens to be the only independent and privately financed one. Thus, it enjoys ample efficiency and flexibility in its dealings and decision making Mike acts as its managing partner. At its inception and formulation, Mike played a key role in providing inspiration, tactical financial service, fundraising, financing, and networking. Because of his role as a managing partner, he invests plenty of his time in nurturing young Swiss entrepreneurship by providing financial investment and mentorship to numerous innovative startups.
Mike asserts that the years he spent in the Swiss private banking were very traditional and not as innovative as he would like. He felt that Switzerland needed the wealthy third generation to utilize their finances to make a difference in the world and their time to achieve fulfillment by not just working but by working hard. He joined forces with two other like-minded individuals to found the Swiss Startup Factory. According to him, the word factory in the company name represents the brand’s intention to process and manufacture functional and profitable companies. He compares the company to other factories which use set processes to manufacture final products. Part of the critical services and inputs that the Swiss Startup Factory renders for young ICT startups with innovative ideas include coaching, mentoring, provision of office space, networking, and financing.
The Swiss businessman has played certain key roles in some of the big achievements that Swiss Startup Factory. In 2014, he represented the company in START Summiteer. The pitching contest was fashioned and hosted by the University of St. Gallen and Mike participated as a member of the contest’s jury. In 2016, the company partnered with CTI, and he was obliged to stand in as CTI’s deputy managing director. Afterward, he led the company through the accelerator program it had with Goldback Group.
The executive director of Regional Mobility Authority from Central Texas attended a forum in San Antonio to discuss infrastructure. Heiligenstein was asked questions about the state of toll roads in his area and the bypass in Austin. He also answered questions on whether the Eagle Ford Shale’s roads could be improved by the pay-for-use plans.
Mike Heiligenstein was asked why Texas drivers were not utilizing the highway 130. That the concession company dealing with the highway has, in two occasions, been downgraded owing to the low traffic numbers is something Mike was required to answer.
In his response, Mike said that state highway 130 was an interesting study. He went on to say that interstate 35 was almost unsolvable as far as the next 20 years rising demand goes. Heiligenstein responded by saying that in many areas there was no way of getting more lanes on the present footprint. Indeed he said many cities were not willing to accept a larger footprint whether vertically or even horizontally.
Mike said that from areas such as San Antonio all the way to Austin, the traffic was 85% local/regional. Mike asserted that the solution was not just in moving trucks across State Highway 130, but instead to figure out ways of adding capacity and to change the travel behavior. He said that the State Highway 130 was a long term strategy that had considered the potential increase of vehicles and trucks on Austin roads.
Mike was asked whether there was justification owing to the poor performance exhibited, as a result of the high gas prices and poor economy, by the toll roads over the past years.
Mike responded that toll roads were not the only answer to the congestion and traffic issue. He said the debate over efficiency of these roads cannot be wished away since the authority needs all the tools it can get. He said that in Austin the authority has leveraged dollars over the $1 billion mark for construction and that the 183A extension was funded in entirety by user revenue.
Mike is the Executive Director of the Regional Mobility Authority based in Central Texas. His authority is determined to ease traffic in the entire Austin area. Mike has a BA from Texas University and also holds a Masters Degree in business administration and governance. With the partnership of cities and departments of transportation, the Texas Authority is determined to ease traffic and decongest the area.
With spring finally here, many people are beginning to get ready for entertaining. The ability to throw a flawless party is a gift that comes naturally to some. For others, the idea of juggling a menu, a guest list and decor sends chills down their spine.
With so many event planners in NYC, it’s easy to find a professional who can manage the more challenging elements of party-planning for you. For example, Twenty Three Layers is one of the top event planning companies in NYC. With years of experience as party and corporate event planners in NYC, Twenty Three Layers can help you with every aspect of planning that you could ever need.
If a party planner isn’t in your budget, you can still pull off the perfect party all on your own by following these tips from professional party planners.
Finger Foods Never Fail
The more complicated that you make your menu, the higher the chances are that something isn’t going to turn out the way that you had hoped. It’s a common mistake to make a complicated menu in an effort to impress your guests. However, finger foods please everybody and are foolproof when it comes to their preparation.
Keep Track of Lists
Party-planning requires numerous lists. From the guest list to the shopping list, there are many details that you need to stay on top of throughout the entire planning process. That’s why spreadsheets come in handy. This free software allows you to organize every aspect of your planning so that you can manage everything from your computer.
Create a Signature Cocktail
As a host, you’re going to want to have a variety of beverages for your guests. Instead of stocking up on various bottles of expensive liquor, you can save money and show off your creativity at the same time by coming up with a signature cocktail. If your party has a theme, be sure to incorporate this theme into your specialty concoction.
Thanks to these tips from real expert planners, you can pull off a party all on your own without having to hire a professional.
It takes an overwhelmingly amount of commitment and dedication to travel each and every day on a Greyhound bus, which, Doug Levitt has whole heartedly accepted. Doug has spent more than twelve years covering 12,000 miles on the bus. The journey has he says has not been an easy one. He has spent hours of travel with convicted felons, addicts and people suffering depression and other forms of mental health.
His journey began after his father committed suicide at sixteen. He later graduated and started work with CNN and other large broadcasting corporations as a foreign correspondent. Working in war countries like Iran and Afghanistan helped him push down his mental state. However, he realized that there was another group of US citizens who had no voice at all and what Doug knows.
The Greyhound Diaries, a book, web and picture series was began to help shed a light a light on a strata of US citizens who suffered silently. Few people knew the state of travellers and the level of disolence they suffered until the series was born. In his journey, Doug is able to meet many people of all walks of lives. Most of these people are broken in one way or another. Nonetheless, what brings them close is the fact that they are all lost in their own problems.
Greyhound Diaries entails stories, experiences and the struggles these individuals face each and every day. Speaking to Buckley, Doug admits that he meets some people of different demeanours, some are quite scary, while others are weighed down by their problems. Nevertheless, being stuck with someone for hours on the road makes it easy for them yto open up and share their problems and Doug’s lacrosse camp.
Doug Levitt may have been born and bred in Washington D.C but he always knew he wanted the challenging roles. Being a journalist he wanted to make a difference. Using the Greyhound Diaries, he has been able to impact so many lives. His life and perception has also changed as dealing with people with different issues has helped him realize his inner problems as well and his Twitter.