Day: October 3, 2020

Increased Consumer Spending in Whitestone’s High Household Income Neighborhoods Lead to Lease Extensions with Two Essential Grocery Anchors

HOUSTON, Sept. 01, 2020 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR)  announced today that Safeway has exercised its option to extend the lease term on two existing leases in Whitestone’s Phoenix market.  The two leases aggregate to 102,521 square feet, or approximately 2.1% of Whitestone’s gross leasable area.

Jim Mastandrea, Chairman and CEO of Whitestone REIT commented, “We are pleased to announce these term extensions but were not surprised given the high household income markets we have strategically chosen to be in. The significant repeat foot traffic that our centers draw entice businesses to want to be a part of our centers and underscore the importance they play in our neighborhoods during these trying times. Having essential businesses like a well-respected grocer such as Safeway recognize the value of our high-quality properties and want to be a part of the communities we support proves our resiliency.”  Mr. Mastandrea

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Supply chain finance giant Greensill bolsters top ranks

One of the top executives at Standard Chartered, the emerging markets lender, is to join Greensill next year as the supply chain finance provider strengthens its top ranks.



a man wearing a suit and tie: Lex Greensill founded Greensill Capital in 2011


© Sky News Screen Grab
Lex Greensill founded Greensill Capital in 2011

Sky News understands that Tracy Clarke, who is stepping down as the bank’s chief executive for Europe and Americas and the head of its global private banking operations, is to become a non-executive director of Greensill in January.

The appointment of Ms Clarke, who has worked for Standard Chartered for 35 years, is expected to be announced later this week.

It is expected to be unveiled alongside that of Patricia Russo, the chair of Hewlett Packard Enterprise, as a senior adviser, according to insiders.

Ms Russo also holds seats on the boards of major US companies including GM and KKR, the private equity giant.

The recruitment of the two senior

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Chelmsford Earns $40,024 In Insurance Premium Credits

Press release from the Town of Chelmsford:

September 30 2020

The Town of Chelmsford has received $40,024 back on its workers compensation and property and casualty insurance costs – applicable toward premium reductions for the next fiscal year—thanks to its participation in an incentive program offered by the Massachusetts Interlocal Insurance Association (MIIA), its insurance provider.

Committed to keeping the community safer and fiscally stronger, Chelmsford employees participated in law enforcement training, as well as human resources and facilities maintenance best practices trainings, among other initiatives supported by the MIIA Rewards program.

“The Town’s employees have, once again, demonstrated their commitment towards protecting the health and safety of the public and their co-workers.” said Chelmsford Town Manager Paul Cohen. “Training and prevention avoids the costs associated with damage to property, medical care, and employee absence. MIIA has been a great partner to the Town prior to and during the COVID-19

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Money Reimagined: Ending Money’s Distance Trap

For Australians of my generation, historian Geoffrey Blainey’s phrase the “tyranny of distance” was the defining descriptor of our place in the world, a place that seemed awfully far from everyone else. 

In September of 2020, with hundreds of millions of broadband-connected homes using global video-conferencing services like Zoom and with remote work the norm for white-collar workers everywhere, we might believe distance is now a non-issue – not just for Aussies but for anyone. In the COVID-19 era, geography seems irrelevant. 

But while the internet has removed location as a constraint on communication and leveled the playing field for building human and business connections, we can’t say the same for how we exchange value with each other – at least not yet. The cost of using money and the capacity for middlemen to charge transfer fees very much depends on where you are. 

Location will determine how much it

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What you need to know

As the U.S. contends with the coronavirus pandemic, many consumers are facing financial distress. The U.S. unemployment rate is at 8.4 percent, with 13.6 million people unemployed, according to the latest data from the Bureau of Labor Statistics. In response to the uncertainty of the current crisis, some financial institutions have developed coronavirus hardship loans to help consumers.



a man sitting at a table using a laptop computer: Man works from home on laptop


© Girts Ragelis/Shutterstock
Man works from home on laptop

“A coronavirus hardship loan can help borrowers who have lost their income, or job, due to the pandemic,” says April Lewis-Parks, director of education and corporate communications at Consolidated Credit, a nonprofit credit counseling service. “Some of these loans offer low – or even zero – interest rate periods along with deferment or flexible repayment plans.”

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If you’ve been financially affected by the coronavirus, find out how this relief option works and whether hardship loans are right for your situation.

What

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