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November 27, 2021

Funds

Rural Health Care Providers Get $7.5 Billion in Relief Funds

New York Times
The Department of Health and Human Services said on Tuesday that it had begun distributing billions of dollars to rural health care providers to ease the financial pressures brought by the coronavirus pandemic and to help hospitals stay open. The agency is doling out $7.5 billion to more than 40,000......

From Electric Bikes to ‘Tree Equity,’ Biden’s Social Policy Bill Funds Niche Items

New York Times
“The collapse of local journalism has had serious consequences for our ability to govern,” Mr. Blumenauer, a senior member of the tax-writing Ways and Means Committee, said, pointing to anti-Muslim and other offensive remarks made by a Republican truck driver who defeated New Jersey’s Senate president this month — but......

From Electric Bikes to ‘Tree Equity,’ Biden’s Social Policy Bill Funds Niche Items

New York Times
“The collapse of local journalism has had serious consequences for our ability to govern,” Mr. Blumenauer, a senior member of the tax-writing Ways and Means Committee, said, pointing to anti-Muslim and other offensive remarks made by a Republican truck driver who defeated New Jersey’s Senate president this month — but......

Missouri’s Republican House floor leader predicts focus on federal COVID funds, redistricting, education

USA TODAY – For more and to sign up click here Joe Mueller, The Center Square Tracking federal COVID-19 relief money coming into Missouri, redistricting and education will be the focus of legislators in January, said Dean Plocher, the majority leader of the House of Representatives. “We’ve got a lot......

Mesa West Capital Funds $100 MM Loan to Refinance Portland, OR Mixed Use Development

@BreaknNews
   5 MLK LOS ANGELES – Nov. 15, 2021 – — Mesa West Capital has provided the joint venture of The Green Cities Company and American Realty Advisors with $100 million in first mortgage debt to refinance 5 MLK, a recently completed mixed-use development in Portland, OR.The 17-story LEED Gold......

Biden to sign $1 trillion bipartisan infrastructure bill into law, unlocking funds for transportation, broadband, utilities

CNBC
CNBC – For more and to sign up click here U.S. President Joe Biden delivers a speech during a visit to the Port of Baltimore, Maryland, November 10, 2021. Evelyn Hockstein | Reuters President Joe Biden will sign the more than $1 trillion bipartisan infrastructure bill into law on Monday,......

Republican billionaire helping Manchin raise funds

USA TODAY – For more and to sign up click here Jordan Williams Republican billionaire Ken Langone says he is going to hold “one of the biggest fundraisers” he’s had for Sen. Joe ManchinJoe ManchinExpected price increases raise political stakes for Biden Justice Democrats co-founder: Democrats have allowed Manchin, Sinema......

Active bond funds tend to beat stock-based peers. One top manager on strategy and interest rate outlook

CNBC
CNBC – For more and to sign up click here Stock pickers don’t tend to beat indexes, but active bond fund managers are doing a bit better, according to Morningstar. Around 84% of active bond fund managers outperformed in the one-year period that ended on June 30, 2021 versus just......

Op-ed: Opportunity zone funds are more about hype than substance when it comes to tax planning

CNBC Real Estate
Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers......

Private equity, hedge funds accounted for over $625 million in political spending during 2020 campaign, study says

CNBC
CNBC – For more and to sign up click here The Wall Street sign is seen outside The New York Stock Exchange (NYSE) in New York, February 16, 2021. Brendan McDermid | Reuters Private equity and hedge funds accounted for over $625 million in political spending during the cycle leading......

China Evergrande lines up funds for interest payment to avert default -source

Reuters
Evergrande remits funds for interest payment to trustee -source Company faced end of 30-day grace period for payment on Oct. 23 Evergrande shares jump, drive gains in other developers Next 30-day grace period expires Oct. 29 for Sept. 29 payment HONG KONG/SHANGHAI, Oct 22 (Reuters) – China Evergrande Group (3333.HK)......

Evergrande sends funds for its $83.5 million bond interest payment, says Chinese media

CNBC
CNBC – For more and to sign up click here China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg |......

To woo Manchin, Dems could OK climate funds for coal and gas plants

Politico
Politico.com – For more and to sign up click here Climate advocates consider that effort, called the Clean Electricity Performance Program, one of the core elements of Democrats’ effort to speed the transition toward solar and wind power and slash greenhouse gas emissions. But Manchin (D-W.Va.) has raised issues with......

Alabama clears plan use COVID-19 relief funds to build prisons

USA TODAY – For more and to sign up click here Jordan Williams Alabama Gov. Kay IveyKay IveyAlabama governor pushes back on criticism for using COVID-19 funds to build prisons Alabama eyes using pandemic relief funds on prison system Dozens of Republican governors call for meeting with Biden on border......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Here’s How Mayor Jackson’s Administration Wants to Spend the First Part of Cleveland’s $511 Million in American Rescue Plan Funds

ClevelandScene
click to enlarge Cleveland City Hall, Erik Drost/FlickrCC Jackson announced how he wants to spend Cleveland’s $255 million Members of Mayor Frank Jackson’s administration in a press conference yesterday morning laid out the broad strokes of legislation City Hall will introduce to Cleveland City Council with its plan to allocate......

Ferries in Alaska. Rail in Oregon. States Dream Big on Infrastructure Funds.

New York Times
WASHINGTON — In the Pacific Northwest, the aging Interstate 5 bridge, a main artery between Oregon and Washington, is at risk of collapsing in a major earthquake. Across Appalachia, abandoned coal mines leaking toxic pollutants are a threat to public health. And along the Gulf Coast, states like Louisiana are......

Singapore IPO market’s prospects brighten but no quick fix in sight

Reuters
SINGAPORE (Reuters) – Singapore’s move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a centre for regional tech listings, according to market players. FILE PHOTO: A man wearing a protective face mask walks past the Singapore......

House Democrats’ plan would prohibit individual retirement accounts from holding private equity, hedge funds

CNBC
CNBC – For more and to sign up click here Chip Somodevilla | Getty Images News | Getty Images A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection......

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