CDFI awards $3.4 million to credit unions

first_imgThe U.S. Treasury Department has awarded $3.4 million in grants to 28 credit unions to support their programs as Community Development Financial Institutions.Nine NCUA-insured credit unions, representing 104,628 members with $917.1 million in assets, received $1 million, while 19 credit unions in Puerto Rico that are outside of NCUA jurisdiction received $2.4 million.The credit unions were among 73 organizations receiving $9.2 million in technical assistance grants from the CDFI Fund.The CDFI program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. Award recipients often use the funds to analyze which products and services are appropriate for their target markets, develop lending policies and procedures and build staff lending capacity. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Spartans finish second at Oroville tourney

first_imgOroville >> Behind a game-high nine 3-pointers, the Red Bluff High boys basketball team battled fellow unbeaten Lassen for the 24th Dennis Burnum tournament championship, eventually falling to the Grizzlies 65-56 Saturday night. All-tournament selection Derek Gordon scored 16 and swished four of the team’s nine 3s. Fellow junior Brayden Hutchins dropped in 17 as Red Bluff (7-6) had it at single-digits at 41-33 heading to the fourth quarter, but couldn’t trim it down any further. The Spartans …last_img read more

2010 Fifa World Cup firsts

first_imgBrazil play Chile in their 2010 Fifa WorldCup Round of 16 match at Ellis ParkStadium in Johannesburg on 28 June.(Image: Crystian Cruz, Flickr) The 2010 Fifa World Cup broke new ground simply by being held on African soil. It was also Spain’s first global victory. Those were the most obvious milestones set in South Africa this year, but the rest of the tournament also had a number of firsts on the field, from team results to player landmarks.Result firstsSlovenia and Greece both picked up their maiden Fifa World Cup wins in South Africa, with Slovenia downing Algeria 1-0 thanks to a Robert Koren goal and Greece seeing off Nigeria 2-1.Japan also enjoyed a breakthrough win of sorts as their 2-1 victory against Cameroon was their first-ever Fifa World Cup finals success away from home, eight years after they defeated Tunisia 2-0 in Osaka.New Zealand’s 1-1 opening draw with Slovakia earned them their first Fifa World Cup point, after they lost all their group stage matches at their previous appearance in 1982. This year, the Kiwis drew all of their opening games, with a further 1-1 result against Italy and a goalless stalemate with Paraguay.Goal firstsDimitrios Salpingidis’s equaliser against Nigeria finally ended Greece’s World Cup goal drought, his strike coming after 404 minutes and over four games without result. There was a first for Daniel Agger too, but the Denmark defender would doubtless prefer not to be on this list as his own goal against the Netherlands proved his country’s first on the global stage. In another unwanted precedent, Denmark were also on the receiving end of Japan’s first ever three-goal haul in a Fifa World Cup final.Didier Drogba of Côte d’Ivoire became the first African player to score against Brazil in six meetings between A Seleção and teams from the African zone. On a domestic note, midfielder Michael Bradley became the first Fifa World Cup scorer to be coached by his father when he equalised for the United States in their 2-2 draw with Slovenia.Penalty firstsVladimir Stojkovic became the first Serbian goalkeeper to have kept out a penalty at a Fifa World Cup when he saved a strike by Germany’s Lukas Podolski. In contrast, David Villa became the first Spanish player to miss a spot-kick in the tournament when he failed to register against Honduras.The new world champions can nonetheless lay claim to a more desirable landmark as Iker Casillas became the first goalkeeper to stop penalties in two different Fifa World Cups. The Real Madrid number-one player first thwarted the Ireland’s Ian Harte at Korea/Japan 2002 before frustrating Oscar Cardozo of Paraguay in this year’s quarter-finals.On the other side, Asamoah Gyan entered the history books as the first player to miss spot-kicks in separate editions of the competition, following up his failed effort against the Czech Republic at Germany 2006 with another fruitless attempt against Uruguay in 2010’s eight.Player firstsCuauhtemoc Blanco can now boast that he is the only Mexican international to have scored in three different Fifa World Cup final tournaments, having added South Africa 2010 to his list by finding the target against France. On the other hand, Rigobert Song did not register for Cameroon, but he nonetheless returned home with a record as the first African player to have appeared in four Fifa World Cups.Somewhat less distinguished, Nigeria’s Sani Keita and Switzerland’s Valon Behrami became the first players from their countries to collect red cards at the finals when they were dismissed against Greece and Chile respectively.Progress firstsParaguay reached the quarter-finals for the first time in their history at South Africa 2010, experiencing a joy not shared by Italy, who exited the tournament without a single win to their name.As for South Africa, they became the first Fifa World Cup host nation to be eliminated at the end of the group stage.Team firstsChile’s pair of 1-0 successes against Honduras and Switzerland were their maiden Fifa World Cup triumphs outside South America, La Roja having only previously secured wins at Uruguay 1930, Brazil 1950 and Chile 1962.Algeria’s achievement was to record their first clean sheet in the global arena as they clinched a goalless draw with no less a team than England, while Paraguay topped their group for the first time. Better still, the Netherlands managed a feat beyond all previous Oranje sides by winning each of their three group games.Finally, the quarter-final line-up proved unprecedented with South American teams outnumbering their European counterparts by four to three, but the Europeans came out on top in the end as Spain lifted the trophy for the first time.•    Source: Fifalast_img read more

US Open: Naomi Osaka warns she’s just getting started after beating Angelique Kerber

first_imgNaomi Osaka ruthlessly tossed aside defending U.S. Open champion Angelique Kerber in the first round on Tuesday, but she warned that she was just getting started at Flushing Meadows, where she used to practice.The Japanese teenager, who grew up in Long Island, was never in danger against former world number one Kerber, winning a one-sided contest 6-3, 6-1 despite some late nerves.”When we were little, we would come to the U.S. Open every year. And even to practice, sometimes I would play here,” the 19-year-old Osaka, who has dual nationality, told a news conference.”So the site feels really familiar to me…It’s nostalgic every time I come here, so I’m always really happy to play here.”Reuters PhotoYet, Osaka felt nervous against Kerber in the 23,771-seat Arthur Ashe Stadium, having lost to American Madison Keys in the third round of the U.S. Open last year after leading 5-1 in the third set.”I was so nervous on the last point. I just barely returned the serve,” said Osaka, whose father is Haitian and mother is Japanese.”I just really didn’t want to play a long point on the last one, so I was really glad when she made an error.”When I stepped on the court and I heard all the people and I saw how big the stadium was, I got a little bit freaked out, but I tried to hold it in.”It was, however, Osaka’s aggressive style, more than Kerber’s mistakes, that won her the match and the youngster, who could play French Open champion Jelena Ostapenko if she reaches the fourth round, can look ahead with confidence.advertisement”Moving forward, I feel like I know that I can play with the top players now, so I don’t have to be as nervous as I was today,” she said in a warning to her next opponent, Swedish qualifier Rebecca Peterson or Czech Denisa Allertova.last_img read more

10 months agoLiverpool top of table for Christmas after victory at Wolves

first_imgAbout the authorPaul VegasShare the loveHave your say Liverpool top of table for Christmas after victory at Wolvesby Paul Vegas10 months agoSend to a friendShare the loveLiverpool are four points clear at the top of the table after their 2-0 win at Wolves.Mohamed Salah inspired Liverpool to a victory at Wolves that took them four points clear of Manchester City at the top of the Premier League.The Reds went ahead when Fabinho played a one-two with Sadio Mane and crossed for Salah, who flicked the ball into the net with the outside of his foot.The Egyptian set up Liverpool’s second with a wonderful lofted pass over the home defence, allowing Virgil van Dijk to side-foot a six-yard volley past Rui Patricio.City, the defending champions, play their game in hand on Saturday when they host Crystal Palace, but this victory ensures for Jurgen Klopp’s side will be top on Christmas Day. last_img read more

Muslims cant claim street as prayers offered there too Supreme Court told

first_imgNew Delhi: Muslims may have offered prayers at the disputed Ayodhya site but that does not give them the right to lay claim over it in the backdrop of the fact that structure, pillars, motifs and inscriptions are primarily Hindu, the Supreme Court was told on Friday by the lawyer representing the deity Ram Lalla Virajman. “Just because prayers are being offered on a street (by Muslims) doesn’t mean a claim of ownership over it can be made,” senior advocate CS Vaidyanathan told the five-judge Constitution bench of the Supreme Court on Friday. Also Read – India gets first tranche of Swiss bank a/c details Vaidyanathan told the judges that the structure was never in the true sense considered a mosque. “The images (inside the Babri structure) are contrary to Islamic belief – Islam does not have image in their place of worship, whether of a human being or animals,” he told the bench led by Chief Justice of India Ranjan Gogoi. The senior lawyer also placed photographs before the bench that he said, were taken in 1990.The top court is holding daily hearing into the contentious Ram Janmabhoomi-Babri Masjid title dispute case. At the hearings over the past few days, Vaidyanathan has argued that the Babri mosque was built on the ruins of the temple and it was wrong to say that the land does not belong to anyone. Also Read – Tourists to be allowed in J&K from Thursday “If it is built on the ruins of a temple, it can’t be a mosque, as this is contrary to Shariat law,” he told the court this week. Vaidyanathan has argued that there were indeed two versions on the demolition of temple in Ayodhya. One that it was done by Mughal emperor Babar and the second version that holds Aurangzeb responsible for it. But the undisputed fact was that the temple was demolished and a mosque built over it. He has also cited Faizabad’s Commissioner report of 1950 which records that there were 14 pillars at the disputed site “with illustrations of Hindu gods and symbols”. “And there cannot be a mosque which has pillar with images of Hindu gods,” he had added.(Inputs from Hindustan Times)last_img read more

When will it change I dont know Maybe a US de

first_imgWhen will it change? I don’t know. Maybe a U.S. debt default will do the trickGold did nothing during the first half of the Monday trading session in the Far East.  But starting at 1 p.m. Hong Kong time, a rally began that ended with a spike up at precisely 1 p.m. BST in London, which was 20 minutes before the 8:20 a.m. EDT Comex open.And that, as they say, was that.A not-for-profit seller disguised as high-frequency trader showed up at that point, and by about 4:30 p.m.  EDT, all the gains of the day had vanished, and the gold price barely rallied off its New York low by the 5:15 p.m. electronic close.The CME recorded the high and low ticks as $1,291.60 and $1,268.40.  Both prices were for the December contract.Gold closed the Monday session at $1,273.30 spot, up a thin dime from Friday’s close.  Volume, net of October and November, was only 112,000 contracts, which was pretty light.Silver, JPMorgan’s bête noire, got taken down pretty good during Far East trading on their Monday, and was down about 30 cents by the time the 1 p.m. Hong Kong rally got under way.  You don’t need me to paint you a picture from here, as the Kitco silver chart does a superb job of that.Silver’s low and high ticks in the December contract were $21.11 and $21.68 respectively.Silver closed at $21.27 spot, which was down 7 cents from Friday’s close.  Volume, net of October and November, was an anemic 29,000 contracts.The platinum chart looks similar to the gold and silver chart, with the only real difference was that the seller of last resort didn’t show up until 11 a.m. EDT in New York.  Palladium was kept on a very short leash.  Here are the charts. The dollar index closed at 80.38 on Friday afternoon in New York, and didn’t do much until about 45 minutes after London open, then down it went.  A double low at 80.15 in early to mid-morning trading in New York was followed by smallish rally back to virtually unchanged on the day at 80.34.  It was another example where the currency moves, such as they were, played no part in yesterday’s precious metal price action.The gold stocks opened up about a percent and then, not surprisingly, couldn’t hold that gain.  The HUI did manage to finish in positive territory, up 0.43%.The silver shares traded about the same as the gold shares, and Nick’s Intraday Silver Sentiment Index closed up 0.89%.The CME’s Daily Delivery Report showed that 39 gold and 18 silver contracts were posted for delivery on Wednesday within the Comex-approved depositories.  JPMorgan was the stopper on most of the silver contracts issued.  The link to yesterday’s Issuers and Stoppers Report is here.Not surprisingly, there was another decline in GLD, as an authorized participant withdrew 59,363 troy ounces of the stuff.  There was another big withdrawal from SLV as well.  This time it was 1,927,232 troy ounces.Last Friday, SLV reported a withdrawal of 1,927,268 troy ounces, and the prior Monday it was 1,927,424 troy ounces.  To see three large withdrawals within well under 0.001% of each other is quite amazing.  I pointed this out on Saturday when we had two in a row that close.  Now we have three in a row.  But does it mean anything?  Who knows.  Maybe it was just three full trucks of silver on each day, with exactly the same number of bars on each truck, and the bar weights just worked out that way.Joshua Gibbons, the “Guru of the SLV Bar List” had this report from last week that I forgot to post until today:  “Analysis of the 09 October 2013 SLV bar list, and comparison to the previous week’s list: 2,120,572.4 troy ounces were removed (all from Brinks London), no bars were added or had a serial number change.  The bars removed were from: Aurubis AG (0.8M oz.), Solar Applied Materials (0.5M oz.), Russian State Refineries (0.2M oz.), and 11 others.  As of the time that the bar list was produced, it was over allocated by 754.7 oz.  All daily changes for the week are reflected on the bar list.”Much to my surprise, there was no sales report from the U.S. Mint yesterday.There was almost no movement in Comex gold stocks on Friday.  They reported receiving 780 troy ounces, and shipped out nothing.As is almost always the case, it was an entirely different story in silver, as 616,919 troy ounces were shipped in, and 134,514 troy ounces were shipped out.  The link to that activity is here.Being a Tuesday, I have a lot of stories for you today, so I hope you have some time on your hands.The stupidity of the average man will permit the oligarch, whether economic or political, to hide his real purposes from the scrutiny of his fellows and to withdraw his activities from effective control.  Since it is impossible to count on enough moral goodwill among those who possess irresponsible power to sacrifice it for the good of the whole, it must be destroyed by coercive methods. – Reinhold NiebuhrEven though volume was pretty light on Monday because of the Columbus Day holiday in the U.S., it was obvious that the powers that be weren’t going to allow the precious metal market to get away on them, even if it was only a small rally.  The price spikes in both gold and silver at exactly 1 p.m. BST in London, were met with heavy selling.  Without question, they’re riding shotgun on this market 24/7.When will it change?  I don’t know.  Maybe a U.S. debt default will do the trick, and maybe it’s this particular event that “da boyz” have been holding prices in check for.  I’m just speculating, of course, but the fact of the matter remains that they can’t keep this up forever, and I really don’t think that’s their intent.  Whatever it is they’re waiting for, we’ll just have to wait it out as well.We’re below the 50-day moving averages in all four precious metals, and in some cases, well below them.  There can’t be that many more speculative longs in the market, and as Ted Butler has mentioned on several occasions, unless they can force the tech funds and small traders back on the short side, price can’t go much lower.But that won’t deter JPMorgan et al from continuing to keep up the price pressure, as the did in early Far East trading on their Tuesday morning.Speaking of Tuesday, today is the cut-off for the next COT report, which would be due out on Friday if the government employees actually got back to work.  And at the moment, the legislation to enable that looks like it’s a long way down the road, as does an agreement on the debt ceiling impasse.As I alluded to two paragraphs ago, all four precious metals came under a bit of price pressure in Far East trading on their Tuesday morning, and that’s continuing in early London trading.  Here’s the Kitco gold chart as of 4:08 a.m. EDT, which is minutes after 9 a.m. BST, and a bit over an hour after the London open.  The silver chart looks identical.Volume in gold is about average, and very decent in silver already, with most of the volume in both metals being of the HFT variety, especially silver.  I note that silver got knocked down to $21.91 in the December contract, so I’d guess that some sell stops got hit.  Now we just have to wait for the selling that follows, and like I said on Saturday, when the tech funds sell [or put on short positions] at times like these, its always the Commercial traders that are taking the long side of every trade, or covering their own short positions.This is what Ted Butler has been going on about for at least a decade now, and I see that Lawrence Williams “borrowed” some of these ideas in the last item posted in today’s column.And as I get ready to hit the send button on today’s effort, I see that the high-frequency traders are at it once again, as minutes before 10 a.m. BST, down went the prices once more in all four precious metals.  Here’s the Kitco gold chart as of 5:01 a.m. EDT.  The charts of the other three precious metals are pretty much carbon copies of this one.  At one point, silver was down more than 70 cents in the spot month from Monday’s New York close.  How’s that for free markets, dear reader?Gold volumes are now way up there at a bit over 48,000 contracts, and almost double what it was when I spoke of them an hour or so ago.  Silver volumes are up over 60%, and now almost at the 15,000 contract mark.  The dollar index is basically flat.JPMorgan et al are gorging themselves as I fire this column out the door.The rest of the trading day could prove interesting, and nothing will surprise when I check the charts when I roll out of bed later this morning.That’s all I have for today which, if you’re reading a lot of the stories, is more than enough, and I’ll see you here tomorrow.last_img read more