Financial Shape – Amiya Sahu http://amiyasahu.com/ Tue, 11 Jan 2022 14:19:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://amiyasahu.com/wp-content/uploads/2021/06/icon-150x150.png Financial Shape – Amiya Sahu http://amiyasahu.com/ 32 32 Azimuth GRC secures strategic investment from Truist Ventures https://amiyasahu.com/azimuth-grc-secures-strategic-investment-from-truist-ventures/ Tue, 11 Jan 2022 14:00:00 +0000 https://amiyasahu.com/azimuth-grc-secures-strategic-investment-from-truist-ventures/ JACKSONVILLE, Florida, January 11, 2022 / PRNewswire / – Azimut GRC, a pioneer in compliance automation, today announced a strategic investment of Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC). The investment will be used to create and innovate the revolutionary Azimuth GRC regulatory compliance platform by growing the team, […]]]>

JACKSONVILLE, Florida, January 11, 2022 / PRNewswire / – Azimut GRC, a pioneer in compliance automation, today announced a strategic investment of Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC). The investment will be used to create and innovate the revolutionary Azimuth GRC regulatory compliance platform by growing the team, product suite and go-to-market efforts.

“Truist Ventures continues to build momentum for Azimut GRC following our Series A raise,” said Rohin Tagra, founder and CEO of Azimut GRC. “With this strategic investment, Azimuth GRC and Truist will work together to continue to create a solution that will shape the future of the industry.”

Azimuth GRC provides compliance testing automation capabilities that improve accuracy, efficiency, and cost savings, and help reduce regulatory risk.

“This is an exciting opportunity as Azimut GRC takes an important step towards the future of regulatory compliance,” said Vanessa Vreeland, director of Truist Ventures. “Azimut’s technology enables the automation of a historically paper-based system, increasing efficiency while creating a fairer experience for customers.

This announcement follows that of Azimut GRC Series A financing round led by Mosaik Partners. Together, these funds will fuel the internal and external growth of the company. Azimuth GRC also recently announced the addition of a seasoned financial executive, Joe proto, to its board of directors as well as to Shannon warren to its advisory board.

To learn more about Azimuth GRC, visit AzimuthGRC.com

About Azimut GRC

Azimut GRC revolutionizes the world of regulatory compliance by being the first and only company to codify every state and federal law on a single platform, changing the culture of compliance by taking the manual compliance work done on paper spreadsheets and by automating it. Led by the founder and CEO Rohin Tagra, Azimuth GRC is the only company bold enough to offer VALIDATOR, software that provides daily automated testing of an entire portfolio to determine compliance with all applicable laws and regulations.

About Truist Ventures

Truist Ventures is the corporate venture capital arm of Truist Financial Corporation (NYSE: TFC), a purpose-built financial services company committed to inspiring and building better lives and communities. Based at Charlotte, North Carolina, Truist Ventures brings unprecedented touch and technology to Truist clients through partnerships and investments in innovative companies and exceptional management teams with innovative solutions to help Truist shape the future of finance. Truist Ventures’ investment focus includes financial technology, payments and money movement, and regulation technology and extends to other adjacent disruptive technologies that allow Truist to bring a human touch. in new ways. Drawing on Truist’s vast network of talent and industry experts across technology, investment banking, capital markets and innovation, the Truist Ventures team helps portfolio companies to seize growth opportunities through unparalleled access to exceptional support. Learn more about TruistVentures.com.

Media contact
Emylee eyler
BLASTmedia for Azimuth GRC
[email protected]

SOURCE Azimut GRC

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Bennett: 2-4 million Israelis will test positive for COVID in current wave https://amiyasahu.com/bennett-2-4-million-israelis-will-test-positive-for-covid-in-current-wave/ Sun, 09 Jan 2022 17:17:40 +0000 https://amiyasahu.com/bennett-2-4-million-israelis-will-test-positive-for-covid-in-current-wave/ New ‘citizenship law’ progresses in Knesset months after expiration The ministers first approve a bill that primarily prohibits Palestinians married to Israelis from receiving permits to live with their spouses in Israel. The bill – widely known as the “citizenship law” – passes through the Ministerial Committee on Legislation, allowing the coalition to speed up […]]]>

New ‘citizenship law’ progresses in Knesset months after expiration

The ministers first approve a bill that primarily prohibits Palestinians married to Israelis from receiving permits to live with their spouses in Israel.

The bill – widely known as the “citizenship law” – passes through the Ministerial Committee on Legislation, allowing the coalition to speed up the process. From there, the bill will go to the Knesset, where it still has to go through several votes before it becomes law.

Since 2003, an Israeli law – renewed every year – has prohibited Palestinians married to Israelis from receiving residency. The coalition did not garner enough votes to renew the law in July, causing it to expire, in part due to the Islamist Ra’am party, from which two MPs abstained.

Home Secretary Ayelet Shaked has since said on several occasions that she intends to put the law to another vote. She also continued to enforce the ban, even though the law is no longer in force.

The Citizenship Law was first passed during the Second Intifada as an emergency counterterrorism measure. Israeli security officials at the time said Palestinians married to Israelis were more likely to participate in terrorism.

In the years that followed, Israeli politicians increasingly argued that the law is an essential means of maintaining a Jewish majority.

“There is no need to shirk the essence of this law. It is one of the tools for securing a Jewish majority in Israel, which is the nation-state of the Jewish people. Our goal is for there to be a Jewish majority, ”tweeted Foreign Minister Yair Lapid shortly before the law expired in early July.


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Account with the insurrection of January 6 https://amiyasahu.com/account-with-the-insurrection-of-january-6/ Thu, 06 Jan 2022 10:00:51 +0000 https://amiyasahu.com/account-with-the-insurrection-of-january-6/ How history will judge There must be an account for the January 6 attack | Chronicle of January 5 In the not too distant future, when historians look back and reflect on the events that led to the end of this delicate American experiment called democracy, I think they will see January 6, 2021 as […]]]>

How history will judge

There must be an account for the January 6 attack | Chronicle of January 5

In the not too distant future, when historians look back and reflect on the events that led to the end of this delicate American experiment called democracy, I think they will see January 6, 2021 as the zero point. They will understand that Donald Trump was a catalyst that propelled already latent problems into a scorching catastrophe and resulted in a weak attempt to overthrow the United States government. The real problem is how this incredible event was digested by the Republican Party and turned into “just another day in January”. When loyalty to one man takes precedence and is accepted over loyalty to the Constitution, the house of cards will fall apart.

Glenn Poskocil, Tampa palm trees

Make examples

There must be an account for the January 6 attack | Chronicle of January 5

There are a multitude of opinions about what really happened a year ago regarding the attempted coup of the US government by supporters of Donald Trump. But what if the rioters captured Mike Pence (or Nancy Pelosi)? Would a public hanging on the Capitol grounds of our nation have changed the mindset of the Right? It is high time to make examples of the leaders of the Republican Party and to judge them for their deplorable actions.

Gregory Premer, St. Pete Beach

Net metering numbers

Net Metering Helps Florida’s Underprivileged | Chronicle of December 28

This column misleads readers about net metering. This article claims that “low and moderate income communities have turned to rooftop solar power.” Since the average cost of self-reported rooftop solar in Florida is well over $ 30,000, it’s not an affordable option for those trying to make ends meet every month. Here’s the injustice the writer does not share: Under current net metering rules, these working families are the ones subsidizing the few who can afford to buy private roof systems. The estimated net metering subsidy paid by all Florida Power & Light customers is on track to reach approximately $ 30 million this year. It is not true that private rooftop solar power is a benefit to all customers. Here’s the truth: Private solar systems provide benefits only to the individuals who own them, to the detriment of everyone else. To be clear, FPL supports net metering and will always support customers who choose to purchase private solar systems, but they would have to pay the full cost of their system without relying on inflated bill credits paid by all customers. That is why we fully support the bill that attacks this unfair subsidy. Whether they’re renting out their home or business, living in a condo, simply can’t afford or want to pay the costs associated with private solar power, not everyone can or chooses to install its own system. We believe Florida and our customers benefit the most when the most solar power is installed for the lowest cost. This is unmistakably achieved through large-scale ground-mounted solar power – like the 42 solar power plants that FPL owns today – which is more than three times more cost effective than rooftop solar power. It’s time to update an outdated state mandate that created a grant received by 0.5% of our clients and paid by the remaining 99.5%. While anyone should be able to install solar power on their roof, we don’t think it’s fair that everyone should be forced to help pay for it.

Dave reuter

The writer is the communications director of the Florida Power & Light Company.

Hed is going here.

Many retirees skimp too much | Chronicle of January 4

Columnist Alexis Leondis suggests that many retirees are not spending enough and that financial advisers see this as a “big deal”. Beside his article are several letters regarding the need to cancel government loans to students who have spent more on their studies than they can afford to repay. Looks like we older people may have learned something in our youth that a lot of younger people haven’t learned. Sorry, Ms. Leondis, but I don’t pay a dime to a financial advisor who urges me to spend more money in order to be in good financial shape for my future.

Michael Patterson, Tampa

Freedom of expression

The pursuit of UF professors may continue | January 5

It is so perfectly encouraging and excellent that the Chief Justice of the United States, Mark Walker, clearly understands the nature and motives of the wrongdoers behind the University of Florida’s attempts to crush the constitutional rights of professors whose policies offend. GOP politicians in Tallahassee. It is also great that the loudmouth of UF board chairman Mori Hosseini earned him a gigantic and resounding reprimand from the judge in response to the defendants’ false assurances of future good behavior. It is nothing less than a blow to the GOP’s right-wing authoritarianism, and therefore a morale booster.

Steve Douglas, Saint PETERSBOURG


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4 top-ranked liquid stocks to watch for fat returns in 2022 – January 4, 2022 https://amiyasahu.com/4-top-ranked-liquid-stocks-to-watch-for-fat-returns-in-2022-january-4-2022/ Tue, 04 Jan 2022 13:31:13 +0000 https://amiyasahu.com/4-top-ranked-liquid-stocks-to-watch-for-fat-returns-in-2022-january-4-2022/ Liquidity determines a company’s ability to honor debts by converting assets into cash and cash equivalents. Strong liquidity levels support business growth. Adding equities offering favorable liquidity to the portfolio is likely to favor investors seeking healthy returns. However, one should be vigilant before investing in such stocks. While a high level of liquidity may […]]]>

Liquidity determines a company’s ability to honor debts by converting assets into cash and cash equivalents. Strong liquidity levels support business growth. Adding equities offering favorable liquidity to the portfolio is likely to favor investors seeking healthy returns.

However, one should be vigilant before investing in such stocks. While a high level of liquidity may mean that the company is paying its contributions at a faster rate than its peers, it may also suggest that it is unable to use assets competently.

Thus, one can consider the efficiency level of a company and its liquidity to identify potential winners.

Measures to identify liquid stocks

Current ratio: It measures current assets against current liabilities. This ratio is used to measure a company’s potential to honor short and long term debts. A current ratio – also known as the working capital ratio – less than 1 indicates that the business has more liabilities than assets. However, a current high ratio does not always indicate that the company is in good financial health. It is also possible that the company has not used its assets in a meaningful way. Therefore, a range of 1 to 3 is considered ideal.

Quick report: Unlike the current ratio, the Quick Ratio – also known as the “Acid Test Ratio” or “Quick Asset Ratio” – reflects a company’s ability to pay its short-term obligations. It considers stocks excluding current assets in relation to current liabilities. Like the current ratio, a fast ratio greater than 1 is desirable.

Cash ratio: This is the most conservative of the three ratios, as it takes into account cash and cash equivalents as well as funds invested versus current liabilities. It measures a company’s ability to honor current debts using the most liquid assets. While a cash ratio greater than 1 may indicate a healthy financial position, a higher number may indicate inefficiency in the use of cash.

A ratio greater than 1 is desirable at all times, but may not always represent the financial condition of a business.

Screening parameters

To pick the best of the bunch, we added asset usage – a widely used measure of a business’s efficiency – as one of the selection criteria. Asset utilization is the ratio of total sales in the last 12 months to the average of the last four quarters of total assets. Although this ratio varies from sector to sector, companies with a higher ratio than their respective sectors can be considered efficient.

To ensure that these liquid and efficient stocks have solid growth potential, we have added our exclusive Growth Style Score to the screen.

Current Ratio, Quick Ratio and Cash Ratio between 1 and 3 (While liquidity ratios greater than 1 are desirable, significantly high ratios may indicate inefficiency.)

Use of assets above the industry average (Higher asset utilization than the industry average indicates a company’s efficiency.)

Zacks rank equal to # 1 (Only stocks with a strong buy rating can pass). You can see The full list of today’s Zacks # 1 Rank stocks here.

Growth score less than or equal to B (The back-tested results show that stocks with a Growth score of A or B when combined with a rank 1 or 2 of Zacks easily beat other stocks.)

These criteria reduced the universe from over 7,700 stocks to just six.

Here are four of the six actions that qualified the screen:

Based in Menomonee Falls, WI, Kohl’s company (KSS Free Report) is a department store chain that operates specialty department stores and an e-commerce site in the United States. The company offers moderately priced clothing, shoes and accessories for women, men and children, as well as beauty and home items. Kohl’s attracts middle-class consumers as it sells brand name and brand name clothing and housewares at discounted prices. As of October 30, 2021, Kohl’s operated more than 1,100 stores in 49 states, as well as online at Kohl’s.com and the Kohl’s app. Zacks’ consensus estimate for FY2021 earnings is set at $ 7.30 per share, up 21.1% in the past 60 days. Kohl’s has a growth score of A and a surprise four-quarter profit of 114.5%, on average.

Kearney, NE Loop (BKE Free Report) is a well-known retailer that sells a wide range of private label brands and casual wear, including casual tops, denim and other bottoms, athletic wear, outerwear, accessories. and shoes. Buckle emphasizes personalized attention to its customers and offers one-on-one customer services such as free alterations, layaways and a loyalty program. Zacks’ consensus estimate for its 2021 earnings is $ 4.76 per share, up 12.3% in the past 60 days. The company has a growth score of B and a surprise four-quarter profit of 42.8%, on average.

Based in Phoenix, AZ, Cavco Industries (CVCO Free Report) designs and manufactures prefabricated housing structures. The company’s products are sold under brands such as Cavco Homes, Palm Harbor Homes, Friendship Homes, Fleetwood Homes, Fairmont Homes, and Chariot Eagle, among others. Cavco Industries is a leading producer of recreational park vehicles, vacation cabins and modular homes. Zacks’ consensus estimate for 2022 is set at $ 13.71 per share, up 17.2% in the past 60 days. The company has a growth score of A and a surprise four-quarter profit of 30.5%, on average.

Based in Colorado Springs, CO, Casinos of the Century (CNTY Free Report) is a well-known casino entertainment company. The company’s activities are mainly located in the United States and Canada. Century Casinos owns a 66.6% stake in Casinos Poland through its Austrian subsidiary. Zacks’ consensus estimate for 2021 earnings is set at 75 cents per share, up 25% in the past 60 days. The company has a growth score of A and a surprise four-quarter profit of 758.9% on average.

Get the remaining stocks on the list and start testing this idea and others. All of this can be done with Research Wizard stock selection and back-testing software.

The Research Assistant is a great place to start. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your research assistant trial today. And the next time you read an economic report, open the research assistant, plug in your findings, and see what gems come out of it.

Click here to sign up for a free trial of the Research Assistant today.

Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.

Disclosure: Information on the performance of Zacks’ portfolios and strategies is available at: https://www.zacks.com/performance


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Liquidity floods the municipal bond market https://amiyasahu.com/liquidity-floods-the-municipal-bond-market/ Sun, 02 Jan 2022 12:36:06 +0000 https://amiyasahu.com/liquidity-floods-the-municipal-bond-market/ Municipal bond funds now hold an unprecedented 24% of outstanding debt, down from 16% five years ago, according to Federal Reserve data. The move marks the latest step in a fundamental shift in a buy and hold market where individual investors quietly collect interest year after year. Record levels of borrowing and investing in 2021 […]]]>

Municipal bond funds now hold an unprecedented 24% of outstanding debt, down from 16% five years ago, according to Federal Reserve data. The move marks the latest step in a fundamental shift in a buy and hold market where individual investors quietly collect interest year after year.

Record levels of borrowing and investing in 2021 are proof that investors have moved past their early fears that the pandemic could spark a wave of defaults and municipal bankruptcies. Supported by stimulus funds, state and local governments issued $ 302.3 billion in debt for new projects as of December 29, the highest in at least a decade.

Meanwhile, investors invested $ 64 billion in mutual funds and exchange-traded funds through Dec. 15, according to data from Refinitiv Lipper, more than they ever have in the past. this period since the start of monitoring in 1992. That includes $ 22 billion in high yield funds that bleed out of money last year.

“In general, there is a better credit environment, you have a lower offer [and] more demand, and then you just have investors who are willing to take more risk to replace the return they used to get on their high-quality bonds, ”said Eric Friedland, director of municipal bond research at asset manager Lord Abbet.

Bonds issued by state and local governments are especially valuable to investors because they typically bear interest free of federal, and often state, tax. Expectations of possible tax hikes under a Democratic administration have likely whetted investor appetites, Friedland said.

The S&P Municipal Bond Index has a year-to-date total return of 1.76%, including price changes and interest payments through December 30. This compares to minus 2.13% for the S&P US Treasury Bond Index and minus 1.79% for the S&P US Investment Grade A Corporate Bond Index.

Municipal high-yield bonds made more substantial gains as investors let go of their fears of default, with the S&P Municipal Bond High Yield Index showing a return of 6.77% year-to-date through to December 30.

Government and nonprofit borrowers who issue nearly $ 4 trillion in municipal market bonds are generally in a better financial position than they were last year, analysts and reports say financial. Tax collections and stimulus funds have supported municipal balance sheets. The federal infrastructure package promulgated last month could lead to additional funds for capital projects.

The median number of cash days increased 11% this year for 173 nonprofit hospitals that filed their 2021 financial statements, according to Merritt Research Services. For airports that filed returns, the median number of cash days increased 22% and for private colleges and universities a similar cash metric increased 12%.

“These sectors have built up significant cash and reserves that they did not have at the start of the virus in 2020,” said Richard Ciccarone, president and CEO of Merritt. Nonetheless, he said, “not everyone comes back to shape.”

Defects, a rarity in the municipal market, remain higher than during the pre-pandemic period, although they have declined from last year, according to Municipal Market Analytics. Some borrowers have fared particularly badly. There have been 32 defaults to date this year among assisted living borrowers and other senior housing borrowers, the highest number since the company’s record keeping began in 2009.

Some state and local governments also remain on shaky ground, using bond money to fill budget gaps or relying on stimulus funds to cover financial problems. Cities across the United States have resorted to borrowing retirement bonds this year, using a record amount of debt to top up retirement funds in hopes that market returns will exceed interest costs.

Even with borrowings for new projects at a record 10 years, total debt issuance has fallen short of certain expectations. Citigroup has twice downgraded its total emissions forecast for 2021, after Congress refused to include two bond programs in the infrastructure bill. “We were unable to convince our policy makers,” said Vikram Rai, head of municipal strategy at Citigroup.

Including the refinancing deals, municipal borrowers had sold a total of $ 454 billion as of Dec. 21, also a record of at least 10 years.

Cities and states could likely sell about $ 100 billion more in bonds without lowering prices, according to an analysis of lending capacity by Municipal Market Analytics. The supply-demand mismatch widened after the 2017 tax overhaul banned the use of tax-exempt debt for early refinancing while simultaneously making the tax-free return more valuable to some investors by capping the national and local tax deduction.

While municipal bond rates remain at historically low levels, the tax exemption can create significant value in high-income households. A 20-year AA-rated municipal bond had a yield of 1.49% as of Dec. 21, according to Refinitiv Municipal Market Data. For someone in the top tax bracket to get this kind of income on a taxable security, it would have to earn around 2.5%, according to data from asset manager Nuveen.

Investor money flowed primarily through funds, bringing mutual fund and exchange-traded fund holdings to over $ 1,000 billion as of September 30, according to Federal Reserve data.

At the same time, the amount of municipal debt held by brokers and dealers decreased to $ 12.1 billion, a decrease of 26% from 2019. This makes the market increasingly vulnerable to the type of free fall experienced in March 2020, when investors feared how the pandemic could affect municipal credit, which fled the armed bond funds, triggering a liquidity crisis and plunging prices.

“With broker positions declining and mutual funds increasing, there is less of a wastegate,” said Patrick Brett, head of municipal debt capital markets at Citigroup and chairman of the Municipal Securities Rulemaking Board , the self-regulatory body for the municipal bond industry.

This story was posted from a feed without any text editing

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Automation of mundane tasks frees finance teams https://amiyasahu.com/automation-of-mundane-tasks-frees-finance-teams/ Fri, 31 Dec 2021 17:30:52 +0000 https://amiyasahu.com/automation-of-mundane-tasks-frees-finance-teams/ Franck Colich, CFO of Rescale, has two mantras that he has followed in building accounting and finance teams over the years. One is that he and they should automate as much of their tasks as possible and work themselves without work. The other is that by automating themselves, they can move on to things that […]]]>

Franck Colich, CFO of Rescale, has two mantras that he has followed in building accounting and finance teams over the years. One is that he and they should automate as much of their tasks as possible and work themselves without work. The other is that by automating themselves, they can move on to things that will grow the business, be fun to do, and make themselves look good.

“When we do that and finish the mundane things faster, we can do the things that will put bullets on our resumes,” Colich said in an interview for “Day in the Life of a CFO. digital “from PYMNTS. series. “These are the things that are going to advance our careers – when we work on fun projects that will definitely move the business forward, but also really shape a person’s pride in doing the job. “

Make everything as dematerialized as possible

Colich recalled that when he started his career, paper checks were everything. Once a week he received a stack of checks with a bill hanging on them. He went through it and signed each one by hand. If there was something he didn’t like, he would refer it to Accounts Payable (AP). The auditors’ files were also printed and kept in filing cabinets.

However, today, at Rescale, everything is as dematerialized as possible. The company uses software, works online, and uses an automated clearinghouse, wire transfers, or other payment gateways.

“I don’t have paper around my desk anywhere,” Colich said. “Everything here is now digitized. There is no working paper, there is no printing for anyone. You upload all of your files to an FTP drive for a listener, and they take care of it. “

A more recent change for many companies is the expansion of remote working. Colich said he misses the in-person interactions people have in kitchens and hallways when they’re at the office, but realizes that a lot of people need to work from home. He said he’s making a concerted effort to have regular check-ups with team members on Zoom or Slack.

“These are the tools that we have, and we have to do it, because if we didn’t, the team would never know what the vision is or where we are headed,” said Colich.

Digital transformation has no stopping point

The day he spoke to PYMNTS, Rescale’s finance and human resources (HR) teams were preparing for a virtual meeting. Colich said it’s important to make sure in these meetings that introverts are heard as well as extroverts.

“I want them all to feel like part of the team, of the company and that their ideas matter too,” Colich said. “You have to be very proactive to move forward and make sure people feel like they’re part of the conversation. “

Looking ahead, Colich said digital transformation is never-ending, and he’s always keeping an eye on how other artificial intelligence (AI) and machine learning (ML) processes will fit into. finance and accounting. One goal, as always, is to speed up mundane processes.

“I’m going to search the internet or talk to my peers, other fellow CFOs, to see what’s new and shiny that’s going to make our lives easier so that we can do more value-added projects,” Colich said.

——————————

NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

On:More than half of American consumers think biometric authentication methods are faster, more convenient, and more reliable than passwords or PINs, so why are less than 10% using them? PYMNTS, working with Mitek, surveyed over 2,200 consumers to better define this perception gap in usage and identify ways in which businesses can increase usage.


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Auction houses will ride the boom in 2022 https://amiyasahu.com/auction-houses-will-ride-the-boom-in-2022/ Thu, 30 Dec 2021 05:01:49 +0000 https://amiyasahu.com/auction-houses-will-ride-the-boom-in-2022/ How long can the boom in the booming art market last? Pundits are ready to bet on at least another six months as asset appreciation, tech wealth creation and Covid-related stimuli continue through 2022. “The private equity and financial sectors Venture capitalists can pretty much print money to raise funds, “says Evan Beard, director of […]]]>

How long can the boom in the booming art market last? Pundits are ready to bet on at least another six months as asset appreciation, tech wealth creation and Covid-related stimuli continue through 2022. “The private equity and financial sectors Venture capitalists can pretty much print money to raise funds, “says Evan Beard, director of arts services at Bank of America,” and interest rates are still at levels near zero. It is rocket fuel for a non-interest bearing asset like s.

Admittedly, there doesn’t seem to be much going on for auction houses, which have had one of their best years to date, with Sotheby’s and Phillips recording record revenues. There are even reports that Sotheby’s owner Patrick Drahi is considering a return to the stock market – although he makes no comment.

Auction houses are to be commended for reshaping their business model, as well as capitalizing on the abundant liquidity in the market. They have developed an impressive mastery of the “hybrid” approach, which combines digital eyeballs from around the world with the excitement and energy possible through private views, pre-auction tours, and in-person sales.

“We have become ambidextrous, able to push with both hands, or one or the other, if necessary,” explains Charles Stewart, Managing Director of Sotheby’s. “There is no longer a need for an emergency plan.”

Meanwhile, the 2021 craze for art backed by non-fungible tokens isn’t going away anytime soon, although we can expect more application for them and for the crypto industry at large. . Two separate markets – one for the more unmarked, fully digital collectibles and the other for works that emanate from traditional corners – appear to be the shape of the 2022 art market.

A render of Phillips’ new exhibition space in the West Kowloon Cultural District in Hong Kong

The shift to Asia is not disappearing either, often thanks to younger, tech-savvy buyers, although Asia is subject to debate. Hong Kong is the heart of its financial hub and Phillips and Christie’s give the city a vote of confidence with a new headquarters in Asia-Pacific, but it is still fragile and other cities will vie for dominance. Seoul tops the list, with a new Frieze fair opening there in September, while Taipei, Singapore and Shanghai are on the rise.

Not that London or Europe at large can take comfort in the Hong Kong oscillation. “Our customers are more interested in selling in New York or Hong Kong at the moment,” explains Guillaume Cerutti, general manager of Christie’s. “The dollar is so strong and Asia is growing so fast.”

While this dynamic is a boon for the art market at large, it will not be smooth for all of its participants. Art fairs are still making contingency plans, despite some happy returns in 2021. The older and mixed category art market is currently the most vulnerable; the Brafa fair in Brussels postponed its planned release from January to June, while Tefaf Maastricht – the most prestigious event in this field – postponed its March event sine die. This is another blow to the event, which was cut short in 2020 and postponed, then canceled, in 2021.

A silver bowl reflecting the photographer's distorted way
A sculpture by Lee Ufan at the Tefaf art fair in 2020 – the 2022 edition has been postponed indefinitely © Getty Images

Art Basel in Hong Kong will likely take place in March, but again as a lean event – not many people expect to travel there. The willingness to support fairs and comply with ever-changing restrictions may have peaked at the end of 2021 – international travel has become hard work too.

This, of course, has an impact on galleries, many of which have returned straight to touring art fairs whenever they could, but still weigh their value. Some are trying a two-pronged approach – opening pop-ups around the world while exhibiting at fairs – but unless a gallery has unlimited funds, that’s not a long-term solution.

Others are already taking some of the lessons learned from the pandemic as a model for a less hectic future. “We had time to take a break and think about how being in the gallery and spending time with the artists should be balanced with the fairs so that the scales are rebalanced”, explains the merchant. Londoner Alison Jacques. “And, in our case, we want them to lean towards the gallery rather than the way they used to.” She also cites the carbon footprint of such events, something still on the minds of others in the market.

The second half of 2022 promises to be more shaky. “There will be some kind of economic correction because there is a lot of debt to be paid off,” said Ben Clark, managing director of consulting firm Gurr Johns. “The evening sale [top-priced] the level will not be affected, but collectors with some cash on hand now, who buy at the $ 250,000 level, will feel it.

Such a dynamic – again – would hit the gallery system much more than the auction houses. These bigger players also have the resources to diversify into new areas of activity, ranging from metaverse to art lending, another area that will be amplified until 2022 as art is increasingly dealt with. as an asset class. Sotheby’s Charles Stewart remains optimistic: “We question everything we’ve always done and want to go a little faster than everyone else, but not so fast that we crash. Hold on tight.

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Coronation Street fans baffled by Fiz’s ‘bang out of order’ statement to Tyrone https://amiyasahu.com/coronation-street-fans-baffled-by-fizs-bang-out-of-order-statement-to-tyrone/ Tue, 28 Dec 2021 09:03:04 +0000 https://amiyasahu.com/coronation-street-fans-baffled-by-fizs-bang-out-of-order-statement-to-tyrone/ Fiz Stape knew when to kick a man when he was down as she made a shocking statement to ex Tyrone Dobbs. Christmas was eventful at No.9 when love rivals Tyrone and Fiz’s new man Phill Whittaker came to blows. Their “fight” spilled onto the cobblestones with water guns, and the inflatables spurred on each […]]]>

Fiz Stape knew when to kick a man when he was down as she made a shocking statement to ex Tyrone Dobbs.

Christmas was eventful at No.9 when love rivals Tyrone and Fiz’s new man Phill Whittaker came to blows.

Their “fight” spilled onto the cobblestones with water guns, and the inflatables spurred on each other before finally asking for a truce and enjoying the Christmas market by singing.

Both with tails between their legs, the couple were on their best behavior on the last trip to Weatherfield on Monday night.

READ MORE: Corrie fans rave about pointing out the same about Abi

Fiz and her daughters, Hope and Ruby, drove to the Christmas market with Phill where a comment from a shopkeeper left the new couple arguing over whether Phill was happy to be called the girls’ stepfather.

And later, back home, the couple decided it was time to move in together in Phill’s house, large enough to house a goat in the garden.

Fiz broke the news to a deflated Ty, but that wasn’t the end of her announcements to her ex-fiance.

She then visited the apartment and said to Tyrone, “This new place, it’s going to be my home, right?



Tyrone was no wiser

“The girls’ house too. And I want to be able to pay my fees and help with renovations.

“And it’s not like I have any savings or anything, is it?”

As Tyrone was playing a joke, Fiz continued, “But I have money stuck in our house – at number nine.”

As her ex told her that he wasn’t in the best financial position to buy her out right now, Fiz told her, “I know, that’s not what I meant.

“I want to sell the house.



Fiz paid Tyrone another visit

And the news didn’t just leave Ty in shock as Corrie viewers wondered how Fiz had ever spoken out after Jack and Vera Duckworth left the house to their honorary son.

“How did Fiz tie up money in Tyrone’s house that was left to him by Jack and Vera,” @ justme_30_01 asked.

Lisa Smith said on Facebook: “Jack and Vera left this house to Tyrone, Tyrone and Fizz were never married, she is not allowed to sell the house and has not invested any money in the house. house because no mortgage had to be paid, it has paid bills that should have been done anyway, so let Fizz go and Tyrone relocate – it’s simple. “

“It’s not Fiz’s house for sale, it’s Tyrone’s house,” added Marc Dorrian.



The mechanic seemed stunned by what Fiz had to say

Jayne Mary said: “I thought Tyrone’s house was his. Left to him by Vera and Jack. So how can Fiz sell it?”

“I know her date with Alina was terrible, however, her sale of this house is completely out of order. It was Jack and Vera’s. It means so much to Tyrone,” commented Miss Mantha Coleman.

@ mikepriestley13 ranted, “Fiz takes the p ** s asking Tyrone to sell the house he was raised in this house by legends Jack and Vera. #corrie.”

“Fiz wants to sell the house. Jack and Vera would be turning in their grave #Corrie,” @mishybabez_ added.

ITV soap opera viewers won’t have to wait long to see Tyrone’s reaction as Corrie returns to screens Tuesday night (December 28) for another hour-long episode.

For all the latest Corrie news and more you can sign up for our newsletter here


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Long road to rebirth for iconic Hendrick Home for Children building https://amiyasahu.com/long-road-to-rebirth-for-iconic-hendrick-home-for-children-building/ Sun, 26 Dec 2021 17:09:39 +0000 https://amiyasahu.com/long-road-to-rebirth-for-iconic-hendrick-home-for-children-building/ When the Hendrick Home for Children’s Vision 2020 strategic plan was born in 1998, it was clear that the architecturally distinct but aging main campus building had exceeded its target, said David Miller, president and CEO at retirement from home. The building’s familiar columned facade, located just off Treadaway Boulevard, has dominated the minds and […]]]>

When the Hendrick Home for Children’s Vision 2020 strategic plan was born in 1998, it was clear that the architecturally distinct but aging main campus building had exceeded its target, said David Miller, president and CEO at retirement from home.

The building’s familiar columned facade, located just off Treadaway Boulevard, has dominated the minds and memories of many since 1939.

But the iconic exterior has started to harbor a lot of problems inside, Miller said.

“The walls were brittle,” he said. “We had black mold growing because we had a river under this building.”

The archaic wiring needed to be replaced, he said.

“There was no way to access all utilities and water, sewer pipes and the like, as they are sandwiched between two floors,” he said.

The worst part was that 95% of the building contained asbestos, he said.

“We knew we were going to have to deal with all of this,” Miller said.

Finally, the original building no longer had the floor plan needed “to provide the types of childcare functions that we do today,” he said.

Following:When Castle was king and ruled the architecture of West Texas

The best decision

The old facade of the main building at Hendrick Home for Children before it was demolished in 2018. A new version of the familiar exterior was erected as part of the home vision plan he implemented in 1998.

The house had seriously considered other options, paying a structural engineer $ 20,000 to look at alternatives, Miler said, including demolishing the wings of the main building while keeping the central section intact.

In the end, it was cheaper and made more sense from a design flexibility standpoint, to tear it down and start over.

“It was the best decision,” Miller said, although he had reservations.

“I was wondering how the community would take this,” he said. “Even my own wife wondered whether or not we should do this.”

But after speaking with the exes at Hendrick Home, it became clear that it wasn’t the building, it was the heart inside that mattered most, he said.

Hard work

AL "Dusty" and Nancy Rhodes Family Care Complex opened at Hendrick Home for Children in 2016 to provide housing for single mothers and their children.

The plan didn’t just involve tearing down and rebuilding a structure, Miller said. A mountain of support facilities was needed.

This involved the construction of the Mike Ramsey Maintenance Building and Storage Complex and the 30,000 square foot AL “Dusty” and Nancy Rhodes Family Care Complex to house 12 single mothers and their children.

“We had to build $ 4 million worth of cabins,” he said. “And then we had to renovate two of our cottages from the 1970s.”

When the time came to start tearing down the main building, the entity had, in effect, “done something, (either) a renovation or a new one, on every square foot of the campus,” Miller said.

Something old, something new

An artist rendering from Hendrick Home for Children showing the reconstructed main building.

In honor of Castle’s design, the project was to raze, then rebuild, an installation closely resembling the original.

Fortunately, there have been 22 years of good planning, Miller said, which means the house was able to raise money and pay for what it needed along the way.

“We have no debt, our construction program is 16 times bigger than it was in 1998,” Miller said. “And we’re in the best financial position we’ve ever been.”

However, not everything went as planned.

Work on the main building began two and a half years ago, he said, and Miller admits “we thought we would be where we are now in April of this year.”

Over the past two years, COVID-19, in particular, has set a “dramatic and emotional film on everything,” including challenges with the endowment of the house and the loss of some traditionally trusted fundraising income.

Miller was hopeful that supervisors could start moving in before the end of the year, and clients soon after, although he admitted the project was still in the “hang up the mirrors” phase in mid-December. .

Room to grow

The iconic main building of Hendrick Home for Children was razed and rebuilt as part of a multi-year construction plan.

According to “Hendrick Home for Children: Still Building on a Firm Foundation”, by Loretta Fulton, former editor and chief editor of Abilene Reporter-News, the new two-story structure allows for the expansion of 22 apartments for families and families. students.

Part of the process included the recovery and storage of furniture, props and historic or iconic documents, while the children from the old building were to be transferred to the Rhodes complex.


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Focus on the company car https://amiyasahu.com/focus-on-the-company-car/ Fri, 24 Dec 2021 17:15:00 +0000 https://amiyasahu.com/focus-on-the-company-car/ DUBLIN, December 24, 2021 / PRNewswire / – The “Growth Opportunities for Light Vehicle Rental in Mexico” the report was added to ResearchAndMarkets.com offer. Car rental can be a solution to the growing number of challenges businesses face regarding their mobility needs. These include the challenges associated with financing vehicles, maintaining the fleet and, most […]]]>

DUBLIN, December 24, 2021 / PRNewswire / – The “Growth Opportunities for Light Vehicle Rental in Mexico” the report was added to ResearchAndMarkets.com offer.

Car rental can be a solution to the growing number of challenges businesses face regarding their mobility needs. These include the challenges associated with financing vehicles, maintaining the fleet and, most importantly, managing residual risk.

Companies seek to focus on their core products / services and outsource their support activities. Mobility is an important department, involving various activities ranging from fleet purchasing to remarketing. Unless managed by an expert, each segment of the value chain can develop problems, such as spikes in costs, mismatches in use, irregularities in fleet maintenance and declining costs. the residual value. Fleet leasing enables on-demand mobility and hassle-free after-sales service facilities and offers a host of other benefits.

The growing demand for these services and facilities drives the growth of the leasing market, gives it structure and regulates the ecosystem.

This study sheds light on the market size in the passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales / fleet data for the entire market as well as the fleets and automotive segments. company (real fleet). It discusses the company car segment in detail, focusing on the development and growth potential of the financial leasing, operational leasing and bought deal segments.

The analysis takes into account historical data, current market conditions, and the information and opinions gathered from market players to provide a five-year perspective of growth opportunities. In addition to market data (PV and LCV) for new registrations and portfolios, the study provides actual data on competitors (portfolio) for the major rental service providers in the country. Competitive data is available for rental segments (operational and financial) for the base year (2020).

The evolution of any industry depends on transformative trends linked to the region’s macroeconomic factors and emerging business models that reflect innovation in mobility solutions, such as rental, carsharing, integrated mobility and alternative powertrains.

The study covers the evolving trends that are expected to shape the market and provides a 360-degree understanding of the rental space in Mexico. It also provides market overview and outlook.

Main topics covered:

1. Strategic imperatives

2. Growth environment

  • Main conclusions
  • Key growth indicators
  • Growth drivers
  • Growth constraints

3. Scope and definition of the research

4. PESTLE analysis

5. Analysis of the vehicle rental market

  • Analysis of the total market and company cars
  • Corporate leasing market
  • Business Leasing Market Forecast Analysis
  • Private Leasing Market Forecast Analysis
  • Forecast of vehicle financing share by powertrain type
  • Forecast of vehicle financing share by sales channel
  • Forecast of the share of vehicle financing by Brand class

6. Market competition analysis

  • Competition in the market – Corporate leasing

7. Universe of growth opportunities

  • Growth opportunity 1 – Awareness of the long-term rental market
  • Growth Opportunity 2 – Electrification for the Long-Term Rental Market
  • Growth Opportunity 3 – Improve the portfolio of services for the long-term rental market

For more information on this report, visit https://www.researchandmarkets.com/r/pm5pyo

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, major companies, new products and the latest trends.

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