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County Cricket – Derbyshire v Essex Abandoned After Covid Outbreak – Live! | sport

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James Hildreth composed his first century since July 2019 to shovel Somerset in a promising position at the Oval. Hildreth, the acting captain, made his way out of rotten form onto pitch ready to turn and against a Surrey attack including Ravi Ashwin.

Kent were forced to seek reinforcements after 14 members of their first team had to self-isolate following a positive Covid case on Team Vitality Blast last Friday. The quickly assembled second string team played superbly to reject Sussex for 181, with four wickets for Jas Singh. The batter proved more difficult and they dropped to 69 for five.

The duel at Cheltenham ended to the satisfaction of both parties as Gloucestershire built and Hampshire carried away. A 61-year first wicket partnership between Miles Hammond and George Scott was followed by James Bracey being played for a duck. Other mini-partnerships came and went as Gloucester put a punch point in the sack.

Pieter Malan stylized a glorious first century for Warwickshire at New Road. He and Dom Sibley (80) put in 220 before a late afternoon wicket drop, including a first championship scalp for WorcestershireJosh Baker’s 17-year-old rookie spinner.

In Sophia Gardens, the rain put an end to events prematurely after Northamptonshire had reached 128 for four under a heavily hazy sky against Glamorgan. There were three counters for Timm van der Gugten.

In Clash of Roses at Headingley, Keaton Jennings shaped his second century roses of the season as Lancashire took advantage of a dominant day. Put in bat by Yorkshire Jennings and Alex Davies scored 161 for the first wicket. Jordan Thompson knocked out both wickets.

Sam Robson’s unbeaten 138, his second century of the season, boosted Middle-sexthe chances of Merchant Taylor’s School. Robson and Josh de Caires, son of Michael Atherton, added 73 for the first wicket, and strong partnerships continued throughout the afternoon against Leicestershire.

Tight bowling Durham preserved Nottinghamshirebatsmen in check at Riverside, with three wickets for Chris Rushworth on his 35th birthday, and Ben Raine.

Essex kept their dream of qualifying for Division 1 after bowling Derbyshire out for 146.


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Hairdressing salon in Yeovil opens with haircut ceremony

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A new hairdresser and beautician has opened in Yeovil after having to postpone its opening date due to coronavirus restrictions.

Blue Shampoo, on Market Street, was scheduled to open on January 2, but that was postponed to April 12 due to lockdown guidelines.

Since then, co-owner Lauren Daly has said they have to be “very strict” in what they can do, only allowing three clients in the salon at a time.

READ MORE: Converted station house with railroad car in garden for sale

Ms Daly said they hope they can get rid of the masks and strict rules from June 21, when they plan to hold an “open house.”

Despite the four-week postponement of that lockout easing date, Ms Daly and her co-owner Jo Green have decided to continue the event in limited capacity.

Celebrity chef Lesley Waters attended the event to cut the ceremonial hair piece – as opposed to a ribbon.

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Ms Daly said: “A number of people came in and then spread the word. We’ve had quite a few new customers who have messaged and asked to come, so that’s really positive.

Ms. Daly’s six-year-old daughter was also present on opening day to model the multi-colored “rainbow braids” and highlight the “warm, friendly and family vibe” their salon aims to create.

Ms Daly and Ms Green are both hairdressers, having previously worked together in a salon, and have now gone out on their own.

They have been rigorous in following Covid safety procedures, with social distancing, regular cleaning and face masks in place.



Ms. Daly’s Six-Year-Old Daughter Modeled Multi-Colored ‘Rainbow Braids’

Ms Daly said: “It hasn’t been too bad actually, but it will be really good when it gets back to normal a bit.

“As staff we probably want to get rid of masks, but we fully support anyone who feels vulnerable or wants to come and wear their masks.

“We’re going to continue to clean between clients because I think it’s actually a good habit to get into, but wearing masks all day has been really tedious for ourselves and our eyesight, our health and our skin. “

The Blue Shampoo also offers a beautician service on the top floor of its premises, where clients can have their facials or nails done.

Do you have a tip or a story to tell? Email me via rebecca.cook@reachplc.com contact.


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CareCloud selected by Senior Care MSO Veteran to accelerate

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Spring Hills Management Service Organization will integrate cloud-based platform and full services across 35 locations

SOMERSET, NJ, July 12, 2021 (GLOBE NEWSWIRE) – CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for physician offices and healthcare systems nationwide, today announced that Spring Hills Management Services Organization (Spring Hills) will implement CareCloud’s software solutions, including its electronic health record (EHR) and practice management software, along with its remote patient tracking system to optimize patient care delivery. Spring Hills, a pioneer in building and operating long-term care and rehabilitation communities, will also take advantage of CareCloud’s Revenue Cycle Management (RCM) services, including medical coding and accreditation.

“We chose CareCloud because it provides comprehensive end-to-end software as well as large-scale billing services,” said Pierre Scott, MBA, COO of Spring Hills MSO. “That CareCloud can equip our growing Management Services (MSO) organization with bespoke technology and solutions was incredibly appealing to us. This partnership will support our current operations and grow with us as Spring Hills expands its range of services and delivery of high quality care.

Unlike other healthcare IT service providers, CareCloud is unique in its ability to integrate its EHR software with personalized billing and support services, including accreditation, coding training, and coding audit. By consolidating its services and technology, the CareCloud platform is able to integrate seamlessly with the group’s remote patient monitoring technology. CareCloud’s comprehensive solutions will actively support the entire Spring Hills continuum of care, including post-acute care, assisted living, memory care and home care services.

“We are proud to provide the technology and services that will support the many physicians working at the Spring Hills business,” said Karl Johnson, Director of Growth, CareCloud. “Our broad portfolio of software solutions, including our industry-leading EHR and RCM services, complemented by our coding and accreditation professionals, will allow Spring Hills to continue to accelerate growth while providing high quality care to its customers. patients and residents.

About Spring Hills:

Spring Hills Post Acute, Assisted Living and Memory Care Communities and Home Care Services provide comprehensive support, including population health management, to seniors and people with chronic health needs. All communities have a personal and distinctive approach and ensure the highest standards of proactive health care and quality of life, at every stage of a resident’s life.

Led by Alexander Markowits, Founder and President / CEO, Spring Hills is committed to delivering seamless care experiences that meet the unique needs and preferences of residents, patients and their families. Spring Hills has 35 facilities and 7 offices in seven states: Post-Acute Care in NJ; Assisted Living and Home Care in Florida, OH, NV, NJ, NY and VA; and Memory Care in Florida, NV, TX and VA.

About CareCloud
CareCloud (Nasdaq: MTBC) (Nasdaq: MTBCP) brings disciplined innovation to the healthcare industry. Our suite of technology solutions help clients increase financial and operational performance, streamline clinical workflows, and improve the patient experience. More than 40,000 providers rely on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services, including Revenue Cycle Management (RCM), Practice Management (PM), Electronic Health Records (EHR), Business Intelligence, Telehealth and HR Management. patient experience (PXM) at www.carecloud.com.

Follow CareCloud on LinkedIn, Twitter and Facebook.

SOURCE CareCloud

Company details :
Bill korn
Financial director
CareCloud
bkorn@carecloud.com

Investor contact:
Matt Kreps
General manager
Darrow Associates Investor Relations
mkreps@darrowir.com

Media inquiries:
Kaitlyn Fashion
Corporate communications manager
CareCloud
kmmode@carecloud.com


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Young people are “more fearful than ever” because of Brexit and rising indebtedness | Young people

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A third of young people feel more anxious now than they did at this time last year, according to a study that found the prospect of a UK exit from the European Union, financial worries and housing costs have heightened doubts about future prospects.

The growing fear comes with numbers showing that around half of young people are struggling to make ends meet, including 10% of young people who face serious financial problems as wages stagnate and their incomes rise affect.

Just a week after senior MPs called for an independent review of Britain’s soaring debt, the Young Women’s Trust said many of the 4,000 young people ages 16-30 it surveyed for its annual Worrying Times report were struggling to get it in the end of the month without borrowing money from friends, family, or commercial lenders.

Chart of young women

The report found that 41% of young women and 28% of young men said it was “a real struggle to make their money by the end of the month,” compared to 39% and 27% in 2016, respectively.

The report’s authors said: “Our results show that young women are consistently more likely than young men to face money problems, discrimination in the workplace, health problems, concerns about the future and low self-confidence.

“And women from the lowest socio-economic groups are even worse off, their situation has also deteriorated in the last 12 months.”

The Young Women’s Trust said some measures of financial anxiety and well-being among the under-30s have rebounded slightly since last year when the survey recorded a major collapse in financial confidence.

But as of July, when the survey was conducted, almost half of young people (47%) still said they were worried about the future.

When asked what, if anything, made them anxious, the reasons most often cited, chosen from a number of options, were the UK’s exit from the European Union (42%), the ability to join in the future Being able to afford a home (41%), their current financial situation (37%), not earning enough to live on (35%) and finding work (34%).

The Princes Trust youth welfare organization said the survey showed that practical and financial pressures were mounting on young people.

“This clearly puts a strain on their hopes and wishes for the future, especially among young women,” it said.

Last week, the Chairs of the Special Committee on Business Rachel Reeves and Frank Field, Chair of the Labor and Pensions Committee, urged the government to launch an independent public inquiry into the £ 200 billion household debt accumulated.

Prominent Labor MPs said they were shocked by rising indebtedness, especially among young people, while Conservative Chair of the Treasury’s Special Committee, Nicky Morgan, said she wanted her colleagues to investigate “what our budgets are all about has to pile up the debt ”. .

Concerns about rising debt levels were underscored by reports from debt relief organizations Citizens Advice and StepChange, which saw an increase in the number of young people seeking help with bad debts.

Citizens Advice said the inability to deal with payday loans and other forms of high-priced credit was one of the main reasons behind the influx of distressed young people seeking advice.

StepChange reported that in the first half of 2017 almost two thirds (64%) of all advice seekers were under 40 years of age. In 2013, only 53% were between 18 and 40 years old.

Young Women’s Trust Executive Director Carole Easton said, “The traditional stereotype of youthful boasting and optimism seems to have been replaced by worry and fear. Perhaps not surprising when you consider that young people face serious financial difficulties and uncertainties about their future. “

Lindsay Owen, director of policy and evaluation at The Prince’s Trust, said, “It is critically important that these young people are empowered to develop the confidence and coping skills they need to succeed in their jobs, education or training.”


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Texas scores in the bottom half for financial literacy

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click to enlarge

Texans like to see themselves as independent guys looking for # 1.

But that cannot extend to worrying about our own finances. Texas was ranked 33rd out of 50 states plus the District of Columbia in a wallet hub ranking of residents’ financial literacy. Massachusetts topped the list, while Mississippi brought up the rear.

To create the ranking, the researchers combed 24 metrics that represent financial literacy, from foreclosure rates to the number of households without a bank.

Texas’s poor overall performance doesn’t mean its residents lack tax self-control. We rank reasonably well for the percentage of adults who spend less than they earn and our total debt as a percentage of median income – 15th in both cases.

The problem is … well, almost everything else.

Our average creditworthiness is 45th, our share of households without a bank is 42nd and we are 46th in percent for housing costs Median House price.

Of course, research shows that it is terribly difficult for families to make sound financial decisions when they are caught in the paycheck-to-paycheck cycle.

And that could explain the low scores for Texas, where nearly 16 percent of the population live in poverty. Many other states even further down the list – Arkansas, West Virginia and the Mississippi, for example, mentioned earlier – have even higher poverty rates.

But there have been some efforts on the ground to reverse course.

The City of San Antonio operates four Financial Empowerment Centers that offer residents free, one-on-one financial advice. A non-profit partner operates two more. Last year, customers at the six centers collectively paid off debts totaling $ 2.9 million.

“Financial literacy is required at all levels, but it affects people on low incomes differently than people on upper and middle incomes,” said Richard Keith, city human resources administrator. For example, when a hardship arises, people living from paycheck to paycheck may feel that they have no choice but to take out high-interest payday loans.

In addition to the city’s efforts, the San Antonio CPA Society offers a three-month program and competition that allows students at 13 high schools in the area to focus on financial literacy.

“If you have the knowledge to make better decisions early on, you can avoid financial crises,” said Jacqui Belcher, general manager of the company.

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Special needs students shouldn’t become second class Americans during a pandemic

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Chicago Public Schools have a long history of neglecting children with special needs. It has taken years of activism, judges’ verdicts, and independent guard surveillance to force progress on this front.

The district must now not fall behind, even during a pandemic. Children with special needs deserve access to an education that is of the quality of any other child.

We support a CPS policy requiring teachers and clinicians to revise their special education curriculum to incorporate distance learning at home. For all its limitations, distance learning is currently the “new normal” in Chicago and across the country, and is likely to continue in some ways into the fall.

Contrary to what the Chicago Teachers Union alleges in a lawsuit filed this week against the CPS policy, there is no need for a “wholesale remodeling” of individual education plans. CPS only requires, in the words of one spokesman, that “basic precautions” be taken to “help students adapt to distance learning.”

This is not “impossible to accomplish,” as the CTU lawsuit claims, if the union and school management decide to work together.

We rarely agree with Education Minister Betsy DeVos on this issue. She rightly declined to forego federal regulations forcing school districts to rewrite students’ IEPs if necessary. A pandemic is a challenge and not a reason to let educators off the hook when it comes to providing equal services to children with special needs.

We know that distance learning can be particularly challenging for students with disabilities. At school they often need help from helpers and clinicians. These services can be difficult to copy when the children are studying from home.

But children with disabilities don’t become second-class Americans in difficult times.

“What students with disabilities need is solid support while they and their families balance the challenges of distance learning at home,” said Chris Yun of Access Living advocacy group. “It is unfortunate to see the CPS and CTU arguing over critical services for these students in these unprecedented times.”

Send letters to letter@suntimes.com.


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Ozon and Coppola win Cannes with stories of teenagers who misbehave

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It’s not uncommon for a Cannes film to send critics to exit before the credits roll – but that doesn’t usually happen during the competition’s first press screening.

On Wednesday evening, however, about 45 minutes after Amat Escalanteis an elegantly crafted, relentlessly grim Mexican drama “Heli”, there was a mini exodus to the back exit.

The reason? A realistic looking (and sounding) snap of a dog’s neck by the hands of a vicious paramilitary officer.

About 15 minutes later, another crowd of journalists snorted and puffed from the screening room, this time at the horrific sight of a hostage’s genitals being set on fire.

Because of me.

Amat Escalantes “Heli”

“Heli”, about the effects of drugs and violence on the already bleak life of a family, is one of those artfully designed, intrepid works (common at Cannes and other international film festivals) that nonetheless ask what the point of all the nausea is could be. In other words, what is left to a viewer after winding through entire sequences and shielding their eyes?

“Heli” is difficult to dismiss, but maybe even more difficult to defend.

Ozone triumphs

Much easier to please was the competition entry that aired on Thursday morning: François Ozonis tender, clever, funny and well shot “Jeune et jolie” (“Young and pretty”), a portrait of an adolescent prostitute that is by far the director’s best work since “Swimming Pool” (2003).

Geraldine Pailhas, left, and Marine Vacth in François Ozon’s “Jeune et jolie” (“Young and Beautiful”)

Revolves around Isabelle, a gorgeous 17 year old Parisian (played by Marine Vacth), who leads a double life as a high school student and high-class call girl, the film observes the young woman’s sexual awakening, the time with customers and the consequences of her actions with subtle irony, real depth of feeling and not a touch of judgment .

Wisely, ozone never provides an explicit psychological explanation of how or why Isabelle, who comes from a wealthy family headed by a loving mother (the grandiose Geraldine Pailhas), slips into prostitution. Indeed, one of the film’s most disturbing and provocative ideas is that such a transgression might actually be easy for a young woman so consistently an object of desire. Ozone introduces Isabelle through the prism of the male gaze (her younger brother watches her in the initial shot while she is lying on the beach), and he often frames her face against a dark or deep background to highlight her unique beauty.

In fact, the filmmaker (pictured left) suggests that Isabelle’s physical appearance and awareness of its impact on people make her intolerant of ordinary adolescent life; when we see them visibly bored and estranged from their classmates (with the exception of a loyal friend), we feel their urge to experience something beyond the ordinary.

Ozon uses a “double” motif to develop the idea that sex and prostitution are a form of escapism or the transcendence of banality for Isabelle. When Isabelle loses her virginity to a handsome German on vacation, Isabelle turns her head just to see a fully clothed version of herself watching from a distance (a classic “ozonic” moment) and during several of her encounters with clients mirrors show their reflection. Isabelle may use her sexuality to get out of her everyday skin, to become a different version of herself.

Anyone who thinks the leading lady (right) is going to be another pouting Gallic bombshell will be surprised. Vacth delivers an exquisitely modulated, expressive performance that embodies the film’s compassionate vision of a young woman navigating treacherous waters.

And after a bit of mediocrity and the solid but overrated “In the House”, Ozon also proves that it is able to exceed expectations. If at first glance it looks like a clinical, thoroughly French study of sexuality and desire, Jeune et jolie ventures into pleasantly risky terrain when considering the impact of Isabelle’s decisions on her surroundings. It is thanks to the director that the film never drifts into the moral, its secrets deepening as it draws towards its haunting end.

Coppola’s light look at a dark story

You can find more misbehaving teenagers in Sofia Coppola‘S “The bling ring”who opened the page category “Un Certain Regard” with a good dose of oomph and a lot of dark humor.


“The bling ring” by Sofia Coppola

Inspired by the true story of a group of wealthy LA teenagers who broke into celebrity homes in 2008 (Paris Hilton and Lindsay Lohan were two of the select few) who got away with $ 3 million in clothes, jewelry and accessories, the film finds the Writer-director works in a lighter register than usual.

Foregoing the sluggish rhythms and visual lyricism of her earlier work, Coppola has created a fast-paced caper about a boring youth obsessed with wealth and fame (citing the attractive performers is a very fine one Katie Chang, Israel Broussard, and Emma Watson of “Harry Potter” fame, right, a delicious version of the Valley Girl cadences).

Yet the director’s personal touch is there, not only in the story of beautiful, privileged young people – one of her favorite subjects – but also in the anthropological attention she pays to her expressions, mannerisms and poses. “The Bling Ring” is filled with snappy dialogues (it’s by far the most talkative of Coppola’s films) and wonderfully choreographed sequences of nightclub bacchanals, shopping trips and of course the break-ins. Coppola uses slow mo and a soundtrack full of pop and hip hop hits (Sleigh bells, Kanye West, Frank Ocean) to give the film a kinetic force, even if it doesn’t cut very deeply or go very far.

“The Bling Ring” is a much less searching, moving work than we are used to from Coppola. It doesn’t wrap you in or make you feel with its characters’ moods (closest to it comes from Broussard’s meek, insecure gay teenager who has a fleeting but strong moment of emotion when cops arrive at his bedroom door).

But it’s okay for a director as uniquely talented as Coppola to mix it up and do something less ambitious. In contrast to her painfully underestimated competition entry “Marie Antoinette” from 2006, “The Bling Ring” received approving applause at the press screening – and almost no one left before the end credits ran.


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Thinking about Trump’s “wall” through Pink Floyds

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Before winning the 2016 presidential election, Donald Trump was a tough immigrant candidate who promised to build a wall on the Mexico-US border. This was the culmination of his promise to his political fan base. At an election rally, he denigrated Mexican Americans and Mexican immigrants in one fell swoop: “When Mexico sends its people, they are not sending their best. … They send people who have a lot of problems and they bring those problems with them. They bring drugs. They bring crime. They are rapists. ”Trump’s pledge to build a wall added another insult by calling Mexicans the modern Mongols, hordes of invaders breaking the southern border to commit crimes, rape and looting.

Trump’s commitment to building the Wall inevitably evokes a comparison with Pink Floyd’s “The Wall,” a hugely successful soundtrack from 1979 and later a cult film from 1982. Pink Floyd’s critically acclaimed work leaves a character like Trump and his political Ascent foreshadow the framework for considering the wall construction project – both physically and mentally – and the devastating consequences that may follow.

The story is about a boy whose father was killed in World War II. The boy struggles with adolescence, suffers illness and other trauma, and eventually survives adulthood and becomes a successful musician, Pink. On the way to his rising fame, he experiences increasing mental illness that is becoming a ubiquitous issue in his adult life. At some point he falls into a depression, triggered by his wife’s infidelity, a downward spiral from which he never recovers.

The end of Pink’s career shows him in the position of political power, or at least as such. His fantasy regime is a political machine that reflects the tactics and appearance of the German NSDAP. As a leader, he enjoys the authority to ostracize and suppress minorities. At a rally he explains:

Are there any gays in the theater tonight?

Put them against the wall

There’s someone in the spotlight, he doesn’t look right.

Put it against the wall

It looks Jewish! And that’s a raccoon!

Who let all this rabble in the room?

Someone is smoking a joint! And another one with spots!

When I go my way

I would have you all shot!

Based on these xenophobic utterances, the insane entertainer turned politician continues to decompose into destructive violence. The final scene of the film shows young children in a war-torn city who have to clean up the remains of a former uprising or war. The picture suggests itself as destruction by the erection of walls. While not having a father was a big hole in his life, Pink made countless children experience exactly the same thing.

The story of Pink and Trump overlap in a fascinating way. Both start their careers as popular entertainers and offer them a stage from which to start a political career. Trump’s campaign and presidency display sharp racist rhetoric and policies directed against certain religious and racial groups. At rallies, Trump asked specific questions such as “Any Hispanics in the room?” And drew supportive boos and sibilants from the audience. There is also the thought that influenced the Muslim ban: “I would close our borders until we find out what is going on,” reflects Pink’s own confusion: “Who let all this rabble in the room?”

Beyond physical barriers, Pink Floyd’s work challenges the audience to include the construction of the wall in their thinking. The film portrays the traumatic events in Pink’s story as “bricks in the wall,” the very wall that alienates him from reason. The wall represents more than just barriers that separate people, it also represents a path to self-loathing and uncontrollable anger, to being separated from yourself. Pink’s journey begins as a boy who once tenderly cared for a dying rat but later does not hesitate to destroy humanity.

> Flickr / Loco Steve

Although time will tell whether Trump will follow the character portrayed in the film, he has already shown his willingness to play daring politics. It can only be a matter of time before the war coincides with his personal or political agenda. Pink Floyd’s “The Wall” features a psychological and narcissistic leader who is only able to lead the country astray. As Pink’s rally showed, there seems to be no end to labeling people according to their race, religion or other qualities.at some point they will all be devoured.

The overarching lesson of “The Wall” is that little good happens when repressive walls are built. When mental barriers are erected, alienation from the other side can be disastrous. “The Wall” anticipates a character like Trump and suggests that damage can only occur if such a person takes over power. This work was released decades ago and remains one of the best-selling albums of all time in the United States; in the Trump era, his message rings louder and clearer than ever.

Editor’s note: Image courtesy of Flickr / Camera Eye Photography. credit-n.ru
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Expensive loans for desperate people built this $ 90 billion industry

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(Bloomberg) – During the recent government shutdown, US Commerce Secretary Wilbur Ross wondered aloud why financially troubled federal employees don’t just “get a loan.”

Ross, a wealthy private equity investor, faced annihilation. However, the underlying question remains even if a second shutdown is less likely. For Americans with limited options and desperate for cash, here are consumer lenders like Enova International Inc., Curo Group Holdings Corp. and Elevate Credit Inc. come into play.

They are part of a growing industry of online companies specializing in risky borrowers. For example, Enova offers loans with interest rates ranging from 34 to 450 percent, depending on the amount, due date, and creditworthiness of the borrower, according to their website. The expectation for the most expensive type of short term borrowing, the store front “payday loan”, is that you will pay it back when your paycheck is cashed. Still, one might wonder how such sky-high rates even exist.

“Not having access to credit is worse for consumers,” said Mary Jackson, executive director of the Online Lenders Alliance, a lobby group that represents fintech lenders. She said high-yield, high-risk loans had a well-known parallel – the bridging loan – that homebuyers sometimes use to close a deal. “Most of these loans would be considered bridging loans – for major car repairs and water leaks.”

And forget about the obvious Hollywood images that bring triple-digit rates to mind. The average customer is not an unemployed person. Recidivist gambler on his luck. According to Jackson, these are often college graduates in their thirties and in paid employment. However, regardless of a borrower’s background, critics warn that the price of such loans can get very high very quickly.

Approximately 12 million Americans use these high-interest loans each year both online and through approximately 16,000 business locations, said Alex Horowitz, a senior research fellow on the Pew Charitable Trust’s consumer finance project. According to a 2018 report by the Office of the Comptroller of the Currency (OCC), U.S. consumers borrow nearly $ 90 billion each year in the form of short-term small loans, typically between $ 300 and $ 5,000.

And the future looks even brighter. Just last week, the industry received a boost from Kathleen Kraninger, a budget clerk for the Trump administration who recently took over the U.S. Consumer Financial Protection Bureau. She proposed the abolition of an Obama-era requirement that would have come into effect Aug. 19 that would have forced payday lenders to assess a borrower’s ability to repay. Consumer advocates were outraged by Kraninger’s proposal.

“Both borrowers and responsible lenders would suffer if the CFPB finalized the proposal,” said Horowitz of Pew. The new rule would “eliminate balanced consumer protection and deregulate 400 percent interest loans given to millions of struggling Americans.”

Although the industry is largely state regulated – only 34 even allow payday loans – an attorney for some of the larger lenders warned that the Obama rule would wipe out a significant portion of the payday industry. Alan Kaplinsky, a partner at Ballard Spahr law firm, said the requirement that lenders ensure borrowers can repay “would have made it easier for offshore payday lenders to do business and charge consumers a lot more”.

But even with the CFPB proposal and a befriended U.S. government, some online lenders are moving away from payday loans. Many have chosen installment loans that are paid back over time rather than in a single payment. In addition, these lenders also offer so-called “credit lines”, which work in a similar way to credit cards.

Nevertheless, installment loans can also come with staggering interest rates. An example on the Enova website shows a $ 1,000 loan with 13 payments at an APR of 172.98 percent. In the end, this would take a total of $ 2,225.18 to pay off. Enova declined to comment.

The industry argues that high interest rates are needed to counter the risk that consumers are more likely to be given money. In a security filing last year, Chicago-based Enova set out how risky its business can be.

For the third quarter of 2018, the company forecast that nearly 33 percent of its outstanding “short-term loans” would never be paid back. The expected loss fell to around 19 percent and 13 percent for credit lines and installment loans. In connection with this, according to the Federal Reserve Bank of St. Louis, the banks recorded only a 3.5 percent loss in credit card loans in the same quarter.

While such exorbitant interest rates might be justified for lenders, Horowitz said the costs could be severe for borrowers.

“Right now, 80 percent of payday loans are taken out within two weeks of a previous payday loan because the loans averaged a third of the borrower’s next paycheck,” he said, a burden that can grow with each new loan. “The average payday loan customer pays $ 520 a year in fees to repeatedly borrow $ 325.”

While these lenders may have the upper hand in the short term, the days of super high yielding loans may be numbered. The payday loan industry emerged because traditional banks were reluctant to serve the low credit universe. This was partly because regulators didn’t give them clear guidelines. But that can change.

In 2017, another rule by the CFPB opened the door to banks and credit unions to offer small installment loans at reasonable prices. Last May, the OCC followed suit with guidelines for short-term installment loans in small dollars. In November, the Federal Deposit Insurance Corp. then issue a public statement on small dollar loan products.

Horowitz sees this development as a huge benefit for Americans who use payday products.

“Banks can be profitable at a cost six to eight times lower than the average payday loan price,” he said. For example, a payday borrower accumulates $ 350 in fees on a $ 400 loan in just over three months. At USBank, a similar loan that is offered to a similar customer costs only 48 US dollars as part of the new product “Simple Loan” launched in September.

“It’s a really good thing that some of the banks are getting into small dollar lending,” said Kaplinsky, the industry attorney. “That will create more competition and ultimately help lower interest rates for consumers.”


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Why CA Elon Musk is likely to get away with it

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In summary

Tesla’s Musk will likely get away with disregarding shutdown orders. Are the right people getting coronavirus tests? Seven counties are allowed to reopen their restaurants.

Good morning, California. It’s Wednesday May 13th.

State, county reluctantly strict enforcement of orders

Teslas lined up at the Tesla Motors complex in Fremont in 2016. Photo by LiPo Ching / Bay Area News Group

Well, it doesn’t look like Elon Musk will face arrest – or any kind of retaliation – for reopening his Tesla factory in Fremont against Alameda County‘s orders, which begs the question of how useful those orders are really are.

The showdown is particularly delicate for Governor Gavin Newsom. By supporting the county, he risks alienating Musk, a prominent billionaire whose company has brought 10,000 manufacturing jobs to a state that otherwise lacks them – and which already threatened to move Tesla to Nevada or Texas. Conversely, he risks portraying California as a state hostile to business. But in endorsing Musk, he risks implying that the housing arrangements need not be taken seriously.

President Donald Trump has already taken sides. “California should let Tesla and Elon Musk open the factory NOW” he tweeted on Tuesday.

Newsom tried to go a center line on Monday.

  • Newsom: “Regarding Tesla … I am in awe of their technology, their innovative spirit, their leadership, and I have great expectations that we – at the county level – can solve the problem with this particular county and company.”

It’s not Newsom that Musk is frustrated with – it’s Alameda County, which has stricter orders than the state and has not yet allowed manufacturers to reopen, even though California did so on Friday.

After Tesla sued the county over the weekend, Musk announced Monday that it was reopening the Fremont factory. “If someone is arrested, I ask that it is only me” he tweeted.

But Fremont police said Tuesday they were not planning any arrests or subpoenas. And the extent of the county’s response was to send Tesla a letter early Tuesday asking it to stop production.

  • Fremont Alderman Vinnie Bacon: “We’re the enforcement agency, but they’re negotiating right now, so we’re basically hoping these negotiations go well. So we don’t intervene at this point. “

Newsom also appears reluctant to strictly enforce orders: “We will continue to work as collaboratively (sic) as possible” with companies that reopen too early, he said on Monday.

To update: Late Tuesday evening said the Alameda County Health Department Tesla could potentially reopen and resume full production as early as next week if several additional security updates are added to its site-specific plan. However, it is unclear whether Tesla wants to stop production in the meantime.

Meanwhile, state regulators want emergency powers to close bars and restaurants that reopen without authorization for dine-in service. And 60 Los Angeles companies are charged with criminal offenses for reopening prematurely.

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The bottom line: From 10 p.m. on Tuesday night California had 71,046 confirmed coronavirus cases and 2,882 deaths before the virus, according to a Los Angeles Times tracker. (These numbers are different from those from the state Department of Health, which are updated less frequently.)

Likewise: CalMatters regularly updates this pandemic timeline to keep track of the state’s daily actions. And we’re tracking the state’s coronavirus hospital admissions by county.

Other stories to know

1. Seven counties have approved the reopening of dining restaurants

Bowl’d managing director Ruben Hernandez is processing take-out orders in the empty dining room of Oakland’s Korean BBQ restaurant on March 16. Photo by Anne Wernikoff for CalMatters

Newsom announced Tuesday that it is now ready to reopen more businesses with changes across the country, including open-air museums (yeah, I’m not really sure what that is either), car washes, and pet hairdressers.

In districts that get a permit, strip and outlet malls can also reopen for roadside pickup, and restaurants can open their doors – as long as tables are 6 feet apart and a variety of other changes are made. Guests will be screened for COVID-19 symptoms prior to entering and are encouraged to wear face covering when not eating or drinking. Restaurants must provide one-way menus and cannot pre-order tables with napkins, cutlery and crockery. Spice bottles and salt and pepper shakers are also prohibited. Tablecloths and napkins are removed in sealed bags after each use. And if possible, windows are kept open to increase ventilation.

So far, Amador, Butte, El Dorado, Lassen, Nevada, Placer, and Shasta counties have been allowed to reopen restaurants.

2. CA is rapidly expanding coronavirus testing. But who is being tested?

A patient at the Magnolia Rehabilitation and Nursing Center in Riverside is evacuated to a waiting ambulance on April 8th. Photo by Will Lester, Inland Valley Daily Bulletin / SCNG

Although California currently runs an average of about 35,000 coronavirus tests per day in public with the aim of nearly doubling that daily rate, some experts say the state doesn’t have the right testing priorities, report Barbara Feder Ostrov and Ana Ibarra of CalMatters.

  • Dr. Merhdad Ayati, Geriatrician, Stanford University School of Medicine: “It is the wrong population that they are focusing on. When you look at mortality rates around the world, we need to conduct massive tests on the population who are residents and workers in skilled care facilities. “

In fact, about 40% of COVID-19 deaths in California have been residents or nursing home workers. And while several states have promised coronavirus tests for every nursing home resident and worker, California is two weeks away from doing so, Newsom said Tuesday.

3. CA lawmakers come up with unprecedented proposals to deal with missed rental and mortgage payments

Tenants and landlords alike are looking for financial relief. Image via iStock

As missed rent and mortgage payments pile up across California, the state’s Democratic lawmakers tabled two proposals Tuesday that represent unprecedented government interventions in the state’s housing and consumer debt markets, CalMatters’ Matt Levin reports.

  • A plan by Senate Leader Toni Atkins, a Democrat from San Diego, would Allow qualifying tenants 10 years to repay missed payments and compensate landlords with tax credits that could be sold to pay mortgages and other bills.
  • Another plan by Monique Limon, a Santa Barbara Democrat, would Allow homeowners to postpone mortgage payments for almost a year. Those with auto loans, payday loans, and other debts can also postpone payments with no immediate penalties.

Landlord and tenant groups welcomed the suggestions with lukewarm enthusiasm and waited for further details. Meanwhile, the California Credit Union League called Limons’ bill a “financial disaster” for its members.

4. CA holds first two special elections amid a pandemic: one swap seat in Congress and one in the state Senate

California held its first two major elections on Tuesday amid the pandemic, though we won’t know the final number until Friday, in part because the elections were held almost entirely by mail. Much national attention is focused on whether Republicans can win back a seat in Congress that the Democrats took in 2018.

Here are the preliminary results:

  • In CD25:
    • Mike Garcia (R): 56%
    • Christy Smith (D): 44%
  • In SD28:
    • Melissa Melendez (R): 55.9%
    • Elizabeth Romero (D): 44.1%

CalMatters comment

CalMatters columnist Dan Walters: A pot of special state school aid was supposed to close the “performance gap”, but was often diverted for other purposes. A new law is supposed to fill a loophole.

Loss of lifelong learning: The cut in funding for California public schools due to COVID-19 will cause irreparable harm to our children and our state. Student learning losses are likely to persist throughout their lives, write Austin Beutner, superintendent of the Los Angeles Unified School District and Cindy Marten, superintendent of the San Diego Unified School District.

Positive potential of contact tracing: Rather than creating more barriers to data sharing, California should embrace the appropriate use of data to provide residents with insights and better outcomes while ensuring no one is harmed, argues Gary Mangiofico, executive professor of organizational theory and management at Pepperdine Graziadio Business school.

California’s river systems destroyed for profit: California’s water policy is literally killing the Trinity River as well as the lower Klamath River in neighboring Humboldt County, argues Richard Cole, a Lewiston resident.

Other things worth your time

California State University’s system plans to his fall semester almost exclusively online. // EdSource

Los Angeles County officials say some local orders are staying at home could last until July. // The Los Angeles Times

Most Californians still feel uncomfortable at the idea of ​​eating out soon, surveys show. // The Mercury News

According to Twitter, most of its employees can work from home forever. Raise questions about the future of work in California. // The Mercury News

Federal judge blocks Trump administration plan to pump more supplies through the San Joaquin River Delta. // The Sacramento Bee

President of the University of California sets plan to cease using SAT. before for approvals. // The Associated Press

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See you tomorrow.

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