Ohio Economy – GPAOH http://gpaoh.com/ Tue, 21 Jun 2022 07:58:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://gpaoh.com/wp-content/uploads/2021/07/icon-4-150x150.png Ohio Economy – GPAOH http://gpaoh.com/ 32 32 Global Micro Machinery Market 2022 Key Players, Industry Updates, Outlook and COVID-19 Impact Analysis 2028 – Instant Interview https://gpaoh.com/2022/06/21/global-micro-machinery-market-2022-key-players-industry-updates-outlook-and-covid-19-impact-analysis-2028-instant-interview/ Tue, 21 Jun 2022 07:44:29 +0000 https://gpaoh.com/2022/06/21/global-micro-machinery-market-2022-key-players-industry-updates-outlook-and-covid-19-impact-analysis-2028-instant-interview/ The Global Micro Machinery Market from 2022 to 2028 observer focuses on assessing current market trends across the world. The intention of MarketsandResearch.biz is to present customers with a complete angle of the market and help them develop the booming techniques. Based on a thorough and professional investigation, the Micro Machines offers a projection for […]]]>

The Global Micro Machinery Market from 2022 to 2028 observer focuses on assessing current market trends across the world. The intention of MarketsandResearch.biz is to present customers with a complete angle of the market and help them develop the booming techniques. Based on a thorough and professional investigation, the Micro Machines offers a projection for the years 2022-2028.

The objective of the file is to lay out a growth map of the Micro Machines market and accordingly assist clients in strategically formulating the plans required to achieve their business goals. The segmentation analysis includes a descriptive evaluation of the segments, the presentation of the market stocks constituted by each section, the rate of increase of each section and the attractiveness of the segment in terms of revenue.

DOWNLOAD FREE SAMPLE REPORT: https://www.marketsandresearch.biz/sample-request/295235

The leading companies in the global micro-machinery market are assessed based on their market share, new product launches, organizational structures, consolidations or acquisitions, and markets served. The following software types are covered in the report:

  • Playground
  • Supermarket
  • House
  • Other

The main suppliers/key business creators are

  • Hasbro
  • SMOBY
  • Lego
  • NICI
  • BRIO
  • DISNEY
  • IMPERTINENT

The study offers a comprehensive overview of the current market environment, risks and challenges that appear to have a significant effect on revenue generation in the business. Types of Market Segmentation:

  • Popular cars
  • Trucks
  • The trains
  • tanks
  • Boats
  • planes
  • Helicopters
  • Other

The following areas and countries are included in the Global Micro Machinery Market report:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

ACCESS FULL REPORT: https://www.marketsandresearch.biz/report/295235/global-micro-machines-market-2022-by-manufacturers-regions-type-and-application-forecast-to-2028

The file includes a success rate of new products, R&D strengths, economic ratio and business techniques. The study is exhaustive, each in the element and in the scope of the examination. A thorough analysis of the market context has been provided in the dossier.

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KCK parish develops its communion of saints https://gpaoh.com/2022/06/17/kck-parish-develops-its-communion-of-saints/ Fri, 17 Jun 2022 05:11:58 +0000 https://gpaoh.com/2022/06/17/kck-parish-develops-its-communion-of-saints/ Paul Helmer, architect and color consultant with Touch of Distinction Color and Design in Kansas City, Missouri, speaks with All Saints’ Day pastor Father Peter Jaramillo, SSA, about the St. Juan Diego portion of the mural at the summit of Toussaint. LEAVEN PHOTO BY KATHRYN WHITE by Joe Bolligjoe.bollig@theleaven.org KANSAS CITY, Kan. – There is […]]]>
Paul Helmer, architect and color consultant with Touch of Distinction Color and Design in Kansas City, Missouri, speaks with All Saints’ Day pastor Father Peter Jaramillo, SSA, about the St. Juan Diego portion of the mural at the summit of Toussaint. LEAVEN PHOTO BY KATHRYN WHITE

by Joe Bollig
joe.bollig@theleaven.org

KANSAS CITY, Kan. – There is a thrilling scene in the book of Revelation where Saint John recounts a marvelous sight of the saints in heaven:

“After this I had a vision of a great multitude, which no one could number, from every nation, race, people and tongue. They stood before the throne and before the Lamb, dressed in white robes and holding palms in their hands” (7:9).

Parishioners of All Saints Church in Kansas City, Kansas will see their own version of St. John’s vision around July 10 when the scaffolding comes down and the results of their project to paint the interior of the church are revealed. in all its glory. Construction started on April 1.

Paul Helmer, architect and color consultant at Touch of Distinction Color and Design of Kansas City, Missouri, performs retouching on the image of the Holy Spirit. LEAVEN PHOTO BY KATHRYN WHITE

Before, the walls and ceiling were pure, bare white. Today parts of the church have been brightened up with rich hues including metallic gold, burgundy and blue.

The square spaces of the ceiling of the nave, from the chancel to the apse, have been filled with large stylized dogwood blossoms. The ceiling of the apse depicts, against a blue background, a multitude of saints in heaven with 12 saints standing out widely in front of the multitude. Above them all hovers the Holy Spirit.

Twelve saints were chosen for special treatment because they are the saints for whom the local community has a special devotion, said the pastor of Toussaint and Sainte-Marie-St. Parishes Anthony Father Peter Jaramillo, SSA. They reflect the rich history and present-day ethnic diversity of what was known as the “Polish Hill” for much of the 20th century.

Originally it was St. Joseph’s Church, built by Polish immigrants. The new name was born after a series of parish consolidations.

The saints who dominate the ceiling of the apse are Sts. Cyril and Methodius, Saint Teresa of Calcutta, Saint John Paul II, Saint Kateri Tekakwitha, Saint Benedict, Saint Faustina Kowalska, Saint Juan Diego, Saint Maximilian Kolbe, Saint Oscar Romero, Saint Josephine Bakhita and Saint José Luis Sanchez del Rio.

Artist Phelipe Linstrom of Linstrom Pro Painters displays the image of Saint Maximilian Kolbe which he uses as a guide for the mural he paints on the ceiling of All Saints Church in Kansas City, Kansas. LEAVEN PHOTO BY KATHRYN WHITE

The century-old church needed cleaning and renovation, but that was not the only reason for the project, Fr Peter said.

“It was born out of a desire to cleanse and renew our church after the pandemic, an opportunity to reintegrate people into the community after all the struggles and depression of the pandemic,” he said. “There were also spiritual concerns and people leaving and not coming back.

“So we came up with a plan to renew the spirit, and part of the renewal of the spirit was to bring back a welcoming community by cleaning up the church. It is a beautiful church and always has been. some attention.

Paul Helmer steps back to take a look at the new mural of saints at All Saints Church. LEAVEN PHOTO BY KATHRYN WHITE

Fortunately, the parish had unused beautification funds. These and other funds raised by parishioners “purchasing” a dogwood blossom or saint paid for the cost of approximately $190,000.

For the project, Father Peter turned to two men who had previously worked at St. Mary-St. parish of Anthony. They are Paul Helmer, architect and color consultant at Touch of Distinction Color and Design of Kansas City, Missouri, and Phelipe Linstrom of Linstrom Pro Painters of Sugar Creek, Missouri. The other members of the team are Peyton Alexander and Danny Bardwell.

This would be the third project Helmer and Linstrom have done together.

“The church is uniquely beautiful with all this great architecture,” said Helmer, a Guardian Angels parish member in Kansas City, Missouri. “The interior is quite spectacular. “We decided that, to do the ceiling, we chose colors that were already on the side walls. Blue is a predominant color. Burgundy, and all the colors we used , are liturgical colors.

Paul Helmer shows part of the Altar of All Saints to Pastor Father Peter Jaramillo. LEAVEN PHOTO BY KATHRYN WHITE

The dogwood flower on the nave ceiling was chosen for its spiritual significance. There is a legend that dogwood was used for the cross of Christ. Jesus, sensing the tree’s distress, transformed the dogwood species so that it would never again be used for crucifixion.

In addition to the saints in the apse and the nave ceiling, Helmer and Linstrom painted the walls behind the side altars and the (rear) altarpiece of the pre-Vatican II high altar, for added contrast and beauty. The tarnished filigrees of the high altar and reredos have been re-gilded to give them a warm, golden hue as when new.

“Father Peter was the leader of this project,” said Linstrom, who is a Lutheran.

“When you do something like that, there are a lot of emotions involved,” Linstrom said. “There are a lot of people who have opinions about what needs to happen, and it’s hard to make those compromises, so it will work for everyone.

“God bless Father Peter and his leaders. He visits us daily and he always blesses us and prays for our ability to do God’s work here. Without his support, this could not have happened. He was at the origin of our spiritual journey to make this project a reality.

Paul Helmer and Father Peter Jaramillo stand atop the scaffolding inside All Saints. LEAVEN PHOTO BY KATHRYN WHITE

This part is the first phase, said Father Peter. The parish will carry out phase two – painting the rest of the church – when sufficient funds have been raised.

“The joy of that for a pastor is creating something beautiful,” he continued. “So many times we have to invest parishioners’ money in things like retaining walls, sewer lines, furnaces and boilers. You rarely have the opportunity to do something like this.

“My hope is that by beautifying All Saints Church, it will bring about a renewal of people willing to support our parish.”

“We live in a generally poorer community,” added Father Peter, “but we can have beauty. We can enjoy the splendor of these old churches which express so much beauty and love for the tradition of the faith. These local immigrant churches contain so much history and splendor of art that speaks to the soul.

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The dollar starts the week strong; Meeting of the Fed, the SNB, the BoE and the BoJ https://gpaoh.com/2022/06/13/the-dollar-starts-the-week-strong-meeting-of-the-fed-the-snb-the-boe-and-the-boj/ Mon, 13 Jun 2022 05:21:21 +0000 https://gpaoh.com/2022/06/13/the-dollar-starts-the-week-strong-meeting-of-the-fed-the-snb-the-boe-and-the-boj/ The dollar rallied broadly at the start of the week as risk aversion spreads into the Asian session. But the yen is not benefiting much this time around as the rally has lost momentum. Commodity currencies are also weak with the Euro. The Swiss franc and the British pound are slightly better than the others, […]]]>

The dollar rallied broadly at the start of the week as risk aversion spreads into the Asian session. But the yen is not benefiting much this time around as the rally has lost momentum. Commodity currencies are also weak with the Euro. The Swiss franc and the British pound are slightly better than the others, but remain weak against the greenback. Upcoming meetings of the four major central banks would shape the next moves, at least until the end of the first half.

Technically, the break of the AUD/USD support at 0.7034 should confirm that the rebound from 0.6828 has ended at 0.7282. A larger downtrend from 0.8006 may be ready to resume down to 0.6828 low. Similarly, the NZD/USD rebound from 0.6215 is also expected to end at 0.6575, after rejection by the 55-day EMA. The focus will be on any downward acceleration towards 0.6215, and beyond, as well as AUD/USD.

In Asia, at the time of writing, the Nikkei is down -3.13%. Hong Kong’s HSI index is down -2.81%. China Shanghai SSE is down -1.11%. The Singapore Strait Times is down -0.62%. Japan’s 10-year JGB yield is up from 0.0066 to 0.261.

NZIER lowers New Zealand GDP forecast, raises inflation

In the new NZIER Consensus Forecast, growth projections for the forecast horizon have been revised down while inflation projections have been revised up. NZIER noted “increasing headwinds” for the New Zealand economy, including “continued disruptions to the global supply chain as countries continue to grapple with COVID-19, the war in Ukraine and rising interest rate”. The higher inflation outlook reflects “expectations that high inflation will remain persistent”.

In the June survey (compared to the March survey):

  • 2022/23 GDP growth at 2.9% (revised down from 3.6%).
  • 2023/24 GDP growth at 1.9% (instead of 2.7%).
  • 2024/25 GDP growth at 2.1% (instead of 2.5%).
  • CPI 2022/23 at 4.1% (instead of 3.5%).
  • CPI 2023/24 at 2.6% (instead of 2.5%).
  • CPI 2024/25 at 2.4% (instead of 2.3%).

Bitcoin and Ethereum in Freefall Again on Celsius Network News

Cryptocurrencies were in freefall again after news broke that Celsius Network, one of the largest crypto lenders, suspended withdrawals, trades and transfers on its platform. In the background, bitcoin and ethereum were already under pressure last week, as risk sentiments intensified after data showed a reacceleration in consumer inflation in the United States.

The break of the 25083 support in bitcoin suggests that the medium-term downtrend is ready to resume. The 20k handle is the next target but could indeed drop to a projection as low as 61.8% from 48226 to 25083 from 32686 to 15258. The overall outlook will remain bearish as long as 32368 resistance holds even on a strong reprise.

Ethereum also extends the downtrend from 4863. The 1000 handle is the next target, but it could drop to a 100% projection from 4683 to 2157 from 3577 to 870. The outlook will remain bearish as long as the support at 1674 will turn resistance. recovery case.

Meeting of the Fed, the SNB, the BoE and the BoJ

Four central banks will meet this week. The Fed is expected to continue with its plan to hike 50 basis points per meeting and raise the fed funds rate to 1.25-1.50%. As the CPI reaccelerated to a new 40-year high in May, the focus will be on how this is reflected in the new economic projections and the dot chart. Back in only 7 of the 16 FOMC members were the interest rate above 2% by the end of 2022. The balance would likely shift more to the hawks.

The SNB is expected to keep its interest rate unchanged at -0.75% for now. But with inflation at its highest level in 14 years and, more importantly, the ECB’s pre-commitment to the hike in July and September, there is talk that the SNB could take a small step this week. . A 25bp rise to -0.50%, less negative, cannot be completely ruled out.

The BoE is expected to raise interest rates by 25 basis points to 1.25%. But opinions are also divided. The government’s plan to cut taxes and ease household energy bills allows the BoE to act more broadly. Still, the central bank might still want to wait for the next monetary policy report before changing the pace.

The BoJ should remain faithful. But the government and the central bank have expressed deep concerns about the rapid depreciation of the yen. The markets would expect something from the BoJ to stabilize it.

On the data front, the UK calendar is busy with GDP, employment and retail sales. The US calendar will feature PPI and retail sales. Germany ZEW, business confidence and employment in Australia and a slew of data from China will also be monitored. Here are some highlights of the week:

  • Monday: BSI manufacturing in Japan; UK GDP, production, trade balance, NIESR GDP estimate.
  • Tuesday: Australia NAB Business Confidence; Germany ZEW, IPC final; employment in the UK; manufacturing sales in Canada; American PPI.
  • Wednesday: Machinery orders in Japan, tertiary industry index; China industrial production, retail sales, capital investment; Swiss economic forecasts from SECO, PPI; Euro zone industrial production, trade balance; Housing starts in Canada; US Retail Sales, Empire State Manufacturing, Import Prices, Business Inventories, NAHB Housing Index, FOMC Rate Decision.
  • Thursday: New Zealand GDP; Employment in Australia; Japan’s trade balance; SNB tariff decision; BoE rate decision; Wholesale sales in Canada; Unemployment insurance claims, housing starts and building permits in the United States, Philly Fed survey.
  • Friday: BusinessNZ New Zealand Manufacturing Index; BoJ Rate Decision; UK retail sales; Italy’s trade balance; Euro zone CPI final; Canada IPPI and IPMB; American industrial production.

USD/JPY Daily Outlook

Daily Pivots: (S1) 133.71; (P) 134.09; (R1) 134.82; After…

USD/JPY’s rally has resumed after brief consolidations and the intraday bias is back to the upside. The current uptrend should be for a 61.8% projection from 114.40 to 131.34 from 126.35 to 136.81. The firm break will target a 100% projection at 143.29. On the downside, minor support below 133.17 will first turn the neutral intraday bias and bring consolidations, before setting up another rise.

Overall, the current rally is seen as part of the long-term uptrend from 75.56 (2011 low). The next target is a 100% projection from 75.56 (2011 low) to 125.85 (2015 high) from 98.97 to 149.26, which is close to 147.68 (2015 high). 1998). This will remain the preferred case as long as the support at 126.35 holds.

Economic Indicators Update

GMT Ccy Events Real Provide Previous amended
23:50 JPY BSI index of large manufacturing industries Q/Q Q2 -9.9 -4.2 -7.6
06:00 GBP GDP M/M Apr 0.20% -0.10%
06:00 GBP 3M Service Index/3M Apr 0.40% 0.40%
06:00 GBP Manufacturing production M/M Apr 0.20% -0.20%
06:00 GBP Manufacturing production Y/Y Apr 1.80% 1.90%
06:00 GBP Industrial production H/M Apr 0.20% -0.20%
06:00 GBP Industrial production A/A Apr 0.50% 0.70%
06:00 GBP Goods Trade Balance (GBP) Apr. -20.3B -23.9B
13:00 GBP NIESR GDP Estimate (3M) May 0.60% 0.30%
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JetBlue CEO is ‘confident’ the airline will be able to buy Spirit https://gpaoh.com/2022/06/11/jetblue-ceo-is-confident-the-airline-will-be-able-to-buy-spirit/ Sat, 11 Jun 2022 03:46:29 +0000 https://gpaoh.com/2022/06/11/jetblue-ceo-is-confident-the-airline-will-be-able-to-buy-spirit/ The CEO of JetBlue says he is “optimistic” he can reach an agreement to acquire Spirit Airlines. Florida-based ultra-low-cost carrier Spirit is the subject of a bidding war between JetBlue and Frontier. Spirit repeatedly rejected JetBlue’s offer. JetBlue Airways Corp (JBLU.O) chief executive Robin Hayes said on Friday he “hopes” he can reach an agreement […]]]>

  • The CEO of JetBlue says he is “optimistic” he can reach an agreement to acquire Spirit Airlines.
  • Florida-based ultra-low-cost carrier Spirit is the subject of a bidding war between JetBlue and Frontier.
  • Spirit repeatedly rejected JetBlue’s offer.

JetBlue Airways Corp (JBLU.O) chief executive Robin Hayes said on Friday he “hopes” he can reach an agreement to acquire Spirit Airlines Inc (SAVE.N).

“We are confident that there is currently, by all accounts, a genuine desire on the part of the board of Spirit to join us,” Hayes told Reuters at a meeting on Friday evening. “We will continue to draw with the Spirit board over the next two weeks.”

Florida-based super-low-cost carrier Spirit is the subject of a bidding battle between JetBlue and Frontier Group Holdings Inc (ULCC.O). Soul repeatedly rejected JetBlue’s deal, saying it had a slim chance of getting approval from US controllers.

Soul postponed the investor vote on its consolidation with Frontier to June 30 from June 10. Read more Hayes said he thinks most Spirit investors accept that JetBlue’s proposal is unmatched and “that’s why they need to postpone the vote”.

JPMorgan said in an expert report on Thursday that an arrangement by JetBlue to buy Spirit has turned into a “developing probability.”

Read more: Crypto-based dossier could help prove Russia’s war crimes

Both bidders view Spirit as a chance to expand their local impressions when the US carrier industry is beset by stubborn work and aircraft deficiencies. The two arrangements would make America’s fifth-largest aircraft.

JetBlue improved its proposal by increasing its opposing separation fee from $150 million to $350 million, bringing the overall value of its proposed arrangement to $3.4 billion. The New York-based carrier offered to pay a portion of the fee immediately after Spirit’s investors approved the arrangement. understand more

Wilderness agreed to pay a $250 million severance charge, but declined to increase its offer of $21.10 in real money and stock to Friday’s end price in light of JetBlue’s reconsidered offer .

Hayes said the amended deals describe “the edge of the hard cycle the board (Spirit) should have run anyway. The things that happened in the last fourteen days could have happened months ago.

JetBlue’s Upper East Alliance (NEA) organization with American Airlines (AAL.O) is an anchor with Spirit.

The Department of Justice sued JetBlue and America to loosen up the organization. Soul asked if she needed an arrangement, but JetBlue refused.

JPMorgan said JetBlue may want to trade the NEA organization for a consolidation.

“Consolidations are groundbreaking by plan,” the note says.

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Planet Money Indicator: NPR https://gpaoh.com/2022/06/08/planet-money-indicator-npr/ Wed, 08 Jun 2022 23:16:06 +0000 https://gpaoh.com/2022/06/08/planet-money-indicator-npr/ DARIAN WOODS, HOST: NPR conducts its annual survey to better understand how listeners spend time with podcasts. It’s short. It’s anonymous. So please fill it out, especially if you are a new listener. You can find it at npr.org/podcastsurvey. That’s quite a word, so npr.org/podcastsurvey. Thanks a lot. SYLVIE DOUGLIS, BYLINE: NPR. (SOUNDBITE FROM DROP […]]]>


DARIAN WOODS, HOST:

NPR conducts its annual survey to better understand how listeners spend time with podcasts. It’s short. It’s anonymous. So please fill it out, especially if you are a new listener. You can find it at npr.org/podcastsurvey. That’s quite a word, so npr.org/podcastsurvey. Thanks a lot.

SYLVIE DOUGLIS, BYLINE: NPR.

(SOUNDBITE FROM DROP ELECTRIC SONG, “WAKING UP TO THE FIRE”)

WOODS: Penguin Random House and Simon & Schuster – these are two of the biggest publishers in the world.

BRITTANY CRONIN, BYLINE: They’re basically the Godzilla and King Kong of publishing. Only now Godzilla is trying to eat Kong.

WOOD: That’s true. Penguin Random House wants to buy Simon & Schuster for over $2 billion.

CRONIN: But not if the Department of Justice had anything to do with it. In November, the DOJ filed a lawsuit to block the merger, and not for the reasons you might think.

WOODS: For decades antitrust regulators, whose job it is to promote competition in the economy — these people have been consumer-focused. As long as consumers aren’t hurt, just let the companies do their thing.

CRONIN: But what’s so interesting about this business is that it’s not about the consumers – you know, the readers and the price we pay for the books. Instead, the DOJ fears that if these two major publishers merge, it will hurt workers, authors. And this focus on harm to workers is tied to a concept known as monopsony.

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: (Singing) Mahna mahna, doo, doo, doo, doo, doo.

CRONIN: Monopsony.

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: (Singing) Doo, doo, doo, doo.

WOODS: Monopsony.

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: (Singing) Doo, doo, doo, doo, doo.

WOODS: This is THE PLANET MONEY INDICATOR. I am Darian Woods.

CRONIN: And I’m Brittany Cronin. Today on the show – Monopoly’s less famous cousin, Monopsony. She may not have her own board game, but the feds are starting to take her as seriously as your grandma collecting $200 after she dies.

WOODS: When we come back, what is monopsony, and why this sudden change in the application of antitrust laws?

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: (Singing) Doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo.

(MUSIC SOUND EXTRACTION)

CRONIN: The classic example of a monopsony is a mining town. Imagine two mines in town. They compete for workers by offering higher wages. That is to say that one day, the two mines decide to merge.

KATE BAHN: And then once they merge, there’s no longer that competition.

CRONIN: Kate Bahn is director of labor market policy at the Washington Center for Equitable Growth.

WOODS: Kate says that without competition between these two mines, workers won’t get competitive wages. This newly merged mine will likely pay workers less and employ fewer workers overall. And that, says Kate, is monopsony.

BAHN: Monopsony explains whenever the labor market doesn’t operate competitively, which means whenever employers don’t have to compete to hire workers. And when that happens, they will cut wages.

WOODS: And to understand what that has to do with the potential deal between Penguin Random House and Simon & Schuster, we need to know how the books are published in the first place. And so for that, we phoned a friend, Kate McKean, who is a literary agent at Howard Morhaim.

KATE MCKEAN: I represent authors to publishers to get book offers.

CRONIN: The authors send their manuscripts to Kate – maybe a sexy vampire thriller or, I don’t know, wizards going to school – and Kate makes a list of editors from different publishers who might want to buy the book .

MCKEAN: And I hope one of those publishers reads it, likes it, thinks it’s amazing and sells a billion copies or it’s the highest work of art I’ve ever had. he’s ever seen or both, and make an offer.

CRONIN: The offer is called the advance, and it’s basically the author’s salary. So if you think about it, the more people who offer to buy your book, the more high offers you’ll get – or at least you’ll have a better chance of selling your book.

WOODS: But what’s happening in publishing is giant consolidations of major publishing houses. A few years ago there were the Big Six. Then Penguin bought Random House, and the Big Six became the Big Five.

CRONIN: So when Kate heard about Penguin Random House trying to buy Simon & Schuster, she just thought, like…

MCKEAN: Oh, my God, here we are. Here we go again. If we leave here, we have the Big Five. We’re going to the Big Four. And if people are laid off, there are just fewer publishers, fewer humans to make books, fewer books for the consumer.

WOODS: Kate fears that if these two publishers merge, layoffs will occur and she will have fewer publishers to sell to. In this case, she might not be able to sell as many manuscripts or get a good lead for her authors.

CRONIN: And the Department of Justice agrees with Kate. He says, listen, we fear that if Penguin Random House acquires Simon & Schuster, the resulting Godzilla-King Kong mega-publisher will have outsized power to cut authors’ salaries.

WOODS: In response to the government lawsuit, Penguin Random House says competition is intense between publishers big and small. And they also say, hey, what about consumers – like readers? You, the Department of Justice, have not alleged that this merger will harm competition in the sale of books. You haven’t argued that prices will go up.

CRONIN: And here, Penguin Random House is basically referring to a 40-year history in antitrust enforcement — a history focused on consumer welfare. The idea is simple – what’s bad for consumers is bad for the economy, and that’s where the government should step in. But if, in the end, consumers are not harmed – well, that’s called competition under capitalism, and the government should back down.

WOODS: But economist Kate Bahn says that to get the full picture of competition in the economy, we have to look at work, not just the consumer side of things. And that’s because, she says, monopsony not only lowers wages, it also hampers overall economic growth.

BAHN: Maybe we could publish more books, publish better books. Authors would make more money. They themselves would contribute to the GDP. Like, it’s sort of this virtuous circle, when workers earn more and also work more, it creates economic growth that’s kind of broadly shared. And when it’s artificially suppressed, it’s the opposite. It’s kind of a vicious cycle where workers are undervalued and have lower levels of employment.

WOODS: Kate says her organization, the Center for Equitable Growth, has published a review of more than 50 studies done on monopsony. And this study found that monopsony is prevalent across the economy, especially for nurses and teachers.

CRONIN: Still, there haven’t been many cases of antitrust agencies pursuing monopsony.

BAHN: There aren’t many precedents, and it’s difficult for antitrust authorities to pursue activities without explicit rule-making guidelines or explicit legislation that would require them to do so.

WOODS: Not a lot of rule-making advice until last summer…

(SOUND EXCERPT FROM AN ARCHIVED RECORDING)

PRESIDENT JOE BIDEN: Hello.

WOODS: …When President Biden signed an executive order to promote competition in the economy, including tackling monopsony.

(SOUND EXCERPT FROM AN ARCHIVED RECORDING)

BIDEN: And let me be very clear – capitalism without competition is not capitalism. It is exploitation.

WOODS: And it’s not just the president. Top Federal Trade Commission and Justice Department officials have spoken publicly about monopsony over the past year, and the Supreme Court has signaled that it may be willing to take on monopsony cases.

CRONIN: And economist Kate Bahn senses the emergence of some kind of groundswell that could have more impact than any case.

BAHN: Economies, I think, are largely structured on the basis of power. And so people will exploit their power, to the extent that they can, in order to make outsized profits or pay the executives more, whatever they do with that power. And something like having really public cases or making really public proclamations is a deterrent to people who might otherwise exercise their power in these really negative ways that hurt the economy, the workers, the consumers.

WOODS: It’s a bit late for the deterrence in the proposed merger between Penguin Random House and Simon & Schuster. But academics and policymakers seem to oppose this decades-old norm of focusing only on consumers.

CRONIN: While this is the first case of monopsony you’ve heard of, it probably won’t be the last.

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: (Singing) Mahna mahna. Doo-doo-doo-doo-doo. Mahna Mahna. Doo, doo, doo, doo.

WOODS: Before we go, a quick reminder to take our annual podcast survey. You can find it at npr.org/podcastsurvey. Thanks a lot.

This show was produced by Jamila Huxtable with engineering by James Willetts. It has been verified by Catherine Yang (ph). Viet Le is our main producer. Kate Concannon is editing the show. And THE INDICATOR is an NPR production.

(SOUNDTRACK FROM THE SONG, “MAHNA MAHNA”)

THE MUPPETS: Mahna mahna.

Copyright © 2022 NRP. All rights reserved. Visit the Terms of Use and Permissions pages of our website at www.npr.org for more information.

NPR transcripts are created in peak time by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative recording of NPR’s programming is the audio recording.

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How to Get Cash Right Away with Emergency Loans | Consolidation Now https://gpaoh.com/2022/06/07/how-to-get-cash-right-away-with-emergency-loans-consolidation-now/ Tue, 07 Jun 2022 07:13:18 +0000 https://gpaoh.com/?p=3733 In times of financial crisis, people need to think of new ways to make quick cash. Many look to make a living from a side job for example, such as taking care of groceries or renting out a space within their house (or renting the entire house). Others might gather items that are not being used, […]]]>

In times of financial crisis, people need to think of new ways to make quick cash.

Many look to make a living from a side job for example, such as taking care of groceries or renting out a space within their house (or renting the entire house). Others might gather items that are not being used, such as electronics or clothes, and sell them off for the most money they can.

Other people look for a different alternative: urgent loans. A payday loan in an emergency from an online financial service such as Consolidation Now will often put you into an improved financial position in the shortest time possible. declare “I need money now!”

What is an Emergency Payday Loan?

Cash advances are among the most popular payday cash advances available as well as some of the most straightforward to get and qualify for swiftly.

Payday loans are a short-term solution to financial emergencies, like unexpected bills for medical treatment or travel expenses, payday loans help you to pay bills in a timely manner between paydays.

By taking out an emergency payday loan usually available via quick approval online, you’re typically secured by a loan that can help you get by until your next payday. your loan amount is usually due to you in the full amount.

How Much of a Loan Can I Expect?

Many factors can influence the eligibility criteria for a payday online loan, however, the amount you can get is determined by your earnings. The emergency payday loans usually can be secured for as little as $100, $500-dollars, and $1,500 at Consolidation Now.

What are the Emergency Payday Loan Requirements?

Although the requirements may differ based on the location you reside in but you’ll most likely require the following in order to be eligible for a payday loan in an emergency:

  • At minimum 18 years old.
  • A driver’s license or another kind of government-issued ID.
  • Proof of income, typically in the format of your most recent pay stub.
  • An active account with an active checking account in your name.

You could even be eligible for a payday loan in an emergency using other sources of income in the event that you are not employed. The income sources that are accepted include unemployment, social security allowances, disability benefits, and pension.

What if I Have Bad Credit?

While none of the payday loans are ever geared specifically for people who have bad credit, Consolidation Now often assists those with low credit who are seeking an instant payday loan which is why many of them are accepted from Our Direct lenders.

A lot of financial service companies conduct credit checks for applicants for payday loans, however, companies like Consolidation Now are committed to working directly with emergency cash lenders using an exclusive “custom” alternative credit check procedure that takes more than an individual’s credit score.

What is the Process Like?

Quick and simple. With Consolidation Now, it is easy to apply online at consolidationnow.com using your tablet, laptop, or even your smartphone.

1. Submit the application

Fill out a brief online form for payday loans, in which you’ll provide basic information, like the amount you’ll need as well as your email address, name as well as a phone number.

2. See what you can do.

When you’ve completed all the required information, you’ll get an answer on the loan you’re applying for in only a few minutes. If you’re qualified — which most people do applicants through Consolidation Now you’ll agree to an agreed-upon loan amount and review the conditions and terms that apply to the state where you reside. you’ll be set.

3. Get paid

In most cases, you will get your payday loan the same day, and usually, it is transferred directly to the account of your checking account.

Even if an application for a loan is accepted on a non-business day or holiday it is quick, however, it could take a longer to get the money you require.

Keep in mind that emergency payday loans are designed to be used for this — emergency situations that require financial assistance but not to cover daily expenses or as a part of your budget for the month. With the help of emergency payday loans from Consolidation Now, you’ll get back to work within a matter of minutes.

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Canada beefing up its antitrust muscle could miss the source of the problem https://gpaoh.com/2022/06/05/canada-beefing-up-its-antitrust-muscle-could-miss-the-source-of-the-problem/ Sun, 05 Jun 2022 20:38:45 +0000 https://gpaoh.com/2022/06/05/canada-beefing-up-its-antitrust-muscle-could-miss-the-source-of-the-problem/ Changes to the Competition Act come after more than a decade. The government wants to give teeth to its antitrust regulations, as do the United States, the EU and Australia. This would include giving the antitrust agency the power to seek remedies in the context of an overseas merger. The proposed changes to the Competition […]]]>

  • Changes to the Competition Act come after more than a decade.
  • The government wants to give teeth to its antitrust regulations, as do the United States, the EU and Australia.
  • This would include giving the antitrust agency the power to seek remedies in the context of an overseas merger.

The proposed changes to the Competition Act come after more than 10 years. They would incorporate giving the antitrust organization, the Competition Bureau Canada, the power to search for medical activities in a foreign consolidation on the assumption that it would affect competition in Canada.

Yet backroom rallies, including the powerful Canadian Bar Association (CBA), tested the new recommendations.

“Whether and why there are towering business models in industries are truly, legally and financially complex questions,” Omar Wakil, CBA seat and chairman, told a meeting.

“So I don’t think you can essentially express that there’s syndication and that’s the result of a problem with opposition regulations,” said Wakil, a cabinet accomplice. attorneys Torys LLP.

Read more: Bank of Baroda to benefit from government infrastructure efforts

Nearly twelve funders, academics and strategists contacted by Reuters said efforts by public authority to break Canada’s hulking business models were badly needed, but they argue the proposed rule changes would fail to fix the damage done to customers by long periods of huge consolidations, as the new principles are unlikely to cause huge organizations to break up.

The ABC sent a letter to the priest of development, science and industry of Canada, François-Philippe Champagne, on May 18. The letter, which has been seen, asked to concede the changes until all partners are advised.

The public authority, insofar as it matters to them, says antitrust principles need to be updated to correct shortcomings in competition law so that it conforms to global “prescribed procedures”. This is just the beginning, said a representative.

“The public authority will embrace an exhaustive study (of the law)…to respond to the reality of the 21st century market,” said Laurie Bouchard, representative in the Ministry of Development, Science and industry. “Partners will be invited to share their views on a wide range of topics as part of this survey.”

In Canada, six major banks, including the Royal Bank of Canada (RY.TO) and the Toronto-Dominion Bank (TD.TO), control 80% of the industry’s entire resources, according to Reuters calculations. On the other hand, the big five banks in the United States control about 40% of the resources.

The typical monthly fee on a financial file is $11 in Canada, compared to $7 in the United States, according to a Reuters study. These midpoints reject liner counts.

In Canadian telecommunications, the top three organizations – Rogers Communications Inc (RCIb.TO), BCE Inc (BCE.TO) and Telus Corp (T.TO) – account for nearly 90% of revenues.

The top two grocery retailers, Loblaw Co Ltd (L.TO) and Sobeys Inc (SOBEF.UL), have half the estimated pie in store count. Sobeys is owned by Empire Company Ltd (EMPa.TO).

Client advocates have argued that the development of huge organizations in Canada is stifling new entrants.

Information from government organization Statistics Canada shows that unfamiliar organizations joined owned 15% of full resources across the industry in Canada in 2019, up from 20% a decade earlier.

As Canada moves away from digitizing its economy, new antitrust regulations should steer clear of the old money model that was syndicating, as Denise Hearn, an official with the philanthropic American Economic Liberties Project, has argued.

Read more: Biden just announced the cancellation of $5.8 billion in student loans

“Canada’s economy has revved up quite a bit lately,” said Hearn, who blames it for the country’s weak regulation of rivalry and its under-enforcement by the Competition Bureau.

The proposal to strengthen the antitrust directive, presented in the public authority government’s financial plan in April, could be voted on as early as mid-year. The recommendations incorporate pecuniary penalties and make it a criminal offense to fail to comply with specific provisions of the antitrust regulations.

The increments would give the Competition Bureau the power to prosecute organizations that abuse their dominant position in the business sector, profit from value fixing or agree to non-poaching agreements that could impede workers’ ability to negotiate better working conditions.

Previously, the department’s administrative battles had met with only limited success. Of the more than 1,500 consolidations the agency audited from around 2009, only eight were tested.

Of those eight cases, six have been lost or settled, according to a Reuters review of truthful information. The two different cases are coming.

The Competition Bureau is in the center of attention after obstructing a high-profile deal last month, including the takeover of Shaw Communications (SJRb.TO) by Rogers for C$20 billion ($15.8 billion) , claiming it would deflect the rivalry. understand more

Canadians covered the highest mobile bills on the planet in 2021, according to a report by Rewheel, a Finnish telecommunications research company. A versatile 4G and 5G arrangement for 100 gigabytes was several times more exorbitant than in France, he said.

The proposed changes come as Canada, like the rest of the world, struggles with an expansion that has reached a three-decade high. Rivalry commissioner Matthew Boswell, as far as one may be concerned, said an expanded contest must be essential for the response to address expansion.

“Open and ruthless business lines are key to keeping costs under tight constraints,” he said in a speech at the Center for International Governance Innovation in late May.

Advances in the Competition Act would also give the department the power to review cross-business consolidations that could affect rivalry in Canada and issue a claim against an unknown party that has no business in Canada or organizations that sell in Canada.

A few lawyers, however, say these progressions might require legal grounds to get off.

“I think the agency and possibly the Canadian Department of Justice think it’s doubtful that Canadian courts can have a place to issue and enforce these orders,” said Neil Campbell, an accomplice at McMillan, a law firm that spends a lot of time in rivalry and antitrust lawsuits.

“I don’t think this requirement is likely to be successful when an unknown organization doesn’t have resources/outposts/tasks inside Canada,” he added.

For the last Economic news Follow BOL News on Google News. Learn more about Latest Economic news on bolnews.com

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National Guard leaves Ogdensburg State Arsenal | local history https://gpaoh.com/2022/06/04/national-guard-leaves-ogdensburg-state-arsenal-local-history/ Sat, 04 Jun 2022 02:02:00 +0000 https://gpaoh.com/2022/06/04/national-guard-leaves-ogdensburg-state-arsenal-local-history/ OGDENSBURG – The New York National Guard has withdrawn from the historic New York State Armory, 225 Elizabeth St., leaving it vacant. The armory had housed a detachment from the 108th Infantry Regiment, most recently consisting of about 30 National Guard members, according to New York National Guard spokesman Eric D. Durr. “Last week, the […]]]>

OGDENSBURG – The New York National Guard has withdrawn from the historic New York State Armory, 225 Elizabeth St., leaving it vacant.

The armory had housed a detachment from the 108th Infantry Regiment, most recently consisting of about 30 National Guard members, according to New York National Guard spokesman Eric D. Durr.

“Last week, the New York State Division of Military and Naval Affairs officially advised the Office of General Services (OGS) that the Ogdensburg Armory is no longer required for our military purposes and we plan to declare the armory surplus,” Durr said. said. “Until eight months ago we had a detachment from the 108th Infantry Regiment doing drills at the Ogdensburg Armoury”

The New York National Guard has two infantry battalions – the 2nd Battalion, 108th Infantry and the 1st Battalion, 69th Infantry, according to Durr. He said the decision was based on consolidations and profitability between those infantry battalions.

The detachment of soldiers that was in Ogdensburg was moved.

“We’ve consolidated and tried to streamline where we need staff and are trying to be cost effective,” Durr said. “This detachment has been moved to Morrisonville Armory which is also part of the 108th Infantry Regiment. These soldiers are now drilling there. This is part of a larger overhaul of our infantry assets.

In an email responding to a request for comment, OGS public information officer Joseph A. Brill wrote that the Armory is owned by the state and that the Division of Military Affairs and State Naval Forces “will continue to be responsible for the upkeep of the armory until a closure with a new owner occurs.

“OGS only assumes jurisdiction over ownership to administer its transfer to a new owner,” Mr. Brill said, “Once OGS receives official notification that the armory has been declared surplus, OGS will inspect and analyze the property first to determine if it could meet any other needs New York State might have for it The property would be offered first to other state agencies before other options are available. be considered for disposal.

If the state has no other use for the property, there are several options, including public auction, according to Mr. Brill.

“OGS will work with our state agency partners to consider the best possible course of action,” he said.

Another option is that the city of Ogdensburg could acquire the property.

“A municipality can acquire surplus property from the state, and there’s more than one route to take, including special legislation and transfer, depending on the municipality’s intended use of the property,” Ms. .Brill.

According to historical records, the city’s New York State Armory was built between 1897 and 1898 and it was designed by Isaac Perry, the same state architect who drew up the plans for the now known St. Lawrence State Hospital. as the St. Lawrence Psychiatric Center.

The lower levels were constructed with Ogdensburg limestone from the Nevin Quarry on Riverside Drive, while the upper levels were made from Potsdam sandstone. It has two turrets and two big towers. Records indicate that “the towers and turrets are crenellated. The narrow windows in the shape of castle windows give the building the appearance of an old fortified castle.

The armory was originally built for the 40th Separate Company under Captain Frank Chapman, who commanded 90 men.

“Since its opening in 1898, military units, conscripts and volunteers have congregated here before leaving for service,” records say. “The Armory is not only historically significant for its association with American military history, but also in particular the history of the National Guard.”

The Ogdensburg Armory was listed on the National Register of Historic Places in 1995.

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Ethereum is looking for the last step down https://gpaoh.com/2022/06/02/ethereum-is-looking-for-the-last-step-down/ Thu, 02 Jun 2022 09:36:42 +0000 https://gpaoh.com/2022/06/02/ethereum-is-looking-for-the-last-step-down/ Hello Crypto traders, today we will be talking about Ethereum, its price action from a technical perspective and wave structure from an Elliott wave perspective. Ethereum is still bearish, but we can see it completing a five-wave cycle in the 5th wave of a higher degree C wave, which means support/bottom may not be far […]]]>

Hello Crypto traders, today we will be talking about Ethereum, its price action from a technical perspective and wave structure from an Elliott wave perspective.

Ethereum is still bearish, but we can see it completing a five-wave cycle in the 5th wave of a higher degree C wave, which means support/bottom may not be far away, ideally after that last one. step down.

As we expected, ETHUSD remains under strong downside pressure on the 4-hour chart and it looks like a five-wave bearish cycle within the 5th wave is still in play. So once current corrective triangle consolidation in wave (4) is fully unwinding which may slowly come to an end as the last sub-wave E may miss, be aware of a bearish continuation for the last wave 5 which may do lower the price to 1500-1300 zone before real bulls appear.

Triangle is an Elliott wave pattern observed during sideways market consolidations, it is composed of 5 corrective sequences. Triangle exhibits a balance of forces between buyers and sellers, causing a sideways movement usually associated with decreasing volume and volatility. This pattern breaks up into 3-3-3-3-3 structures labeled A, B, C, D, E. It is a continuation pattern that breaks in the direction of the previous move.


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CVENT HOLDING CORP. : Entering a Material Definitive Agreement, Terminating a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Settlement FD Disclosure, Financial Statements and parts (Form 8-K) https://gpaoh.com/2022/05/31/cvent-holding-corp-entering-a-material-definitive-agreement-terminating-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-obligation-under-an-off-balance-sheet-arrangemen/ Tue, 31 May 2022 20:09:06 +0000 https://gpaoh.com/2022/05/31/cvent-holding-corp-entering-a-material-definitive-agreement-terminating-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-obligation-under-an-off-balance-sheet-arrangemen/ Section 1.01 Entering into a Material Definitive Agreement. On May 27, 2022, Cvent, Inc.as borrower (the “Borrower”), a wholly owned subsidiary of Cvent Holding Corp.a Delaware corporation (the “Company”), entered into a new five-year contract $500 million senior secured revolving credit facility (the “Revolving Credit Facility”). The terms of the Revolving Credit Facility are set […]]]>

Section 1.01 Entering into a Material Definitive Agreement.

On May 27, 2022, Cvent, Inc.as borrower (the “Borrower”), a wholly owned subsidiary of Cvent Holding Corp.a Delaware corporation (the “Company”), entered into a new five-year contract $500 million senior secured revolving credit facility (the “Revolving Credit Facility”). The terms of the Revolving Credit Facility are set forth in the Credit Agreement, dated May 27, 2022by and between the Borrower, the Holdings (as defined below) and the other lenders parties thereto, the lenders parties thereto, and PNC Bank, National Association, as administrative agent (the “New Credit Agreement”). The New Credit Agreement replaces the Borrower’s existing senior secured credit facility established pursuant to the Amended and Restated Credit Agreement, dated November 30, 2017by and between the Borrower, Holdings and each of the other guarantors party thereto, the lenders party thereto from time to time and Goldman Sachs Bank USAas administrative agent (as amended, modified or supplemented from time to time, the “Preliminary Credit Agreement”) which was terminated on May 27, 2022 upon entry into force of the new credit agreement. A portion of the revolving credit facility, not exceeding $35 millionwill be available for the issuance of Letters of Credit, and the Borrower will have the option of increasing the Revolving Credit Facility or entering into additional Term Loans, in each case, in an aggregate amount not to exceed: (i )(HAS) $150 million plus (B) the amount of any prepayment of the Loans, to the extent accompanied by a corresponding permanent reduction in the amount of the Revolving Credit Facility then outstanding, plus (ii) an unlimited additional amount, subject to the pro forma compliance with an aggregate net leverage ratio of 3.50:1.00 (or, in certain limited circumstances, 4.00:1.00), plus (iii) certain specified issues and other baskets of builders set forth in the New Credit Agreement, in each case in accordance with the terms set forth in the New Credit Agreement.

At closing, the Borrower borrowed $265 million under the revolving credit facility. The borrowings were used, together with the borrower’s cash, to repay all outstanding obligations under the prior credit agreement and to pay certain costs and fees associated with the closing of the new credit agreement.

Borrowings under the revolving credit facility bear interest according to the following performance-based fee schedule:

Net leverage ratio SOFR margin* Commitment fee

     < 1.00x       175.0 basis points 20.0 basis points
     < 2.00x       200.0 basis points 25.0 basis points
     < 3.00x       225.0 basis points 30.0 basis points
     ? 3.00x       250.0 basis points 35.0 basis points


* Interest on loans secured at the Overnight Funding Rate (“SOFR”) accrues at an annual rate equal to the sum of (x) the Adjusted Term SOFR (as defined in the New Credit Agreement) plus (y) the applicable SOFR margin set out above. The adjusted forward SOFR is subject to a floor of 0.00%.

The revolving credit facility includes a covenant relating to the maximum total net leverage ratio set at 4.00:1.00; provided that following the completion of a Qualifying Acquisition, the Borrower may elect to increase the Total Net Leverage Ratio to 4.50:1:00 for the fiscal quarter in which such Qualifying Acquisition was realized and for the following three consecutive fiscal quarters. Such increases in qualifying acquisitions are limited to two times during the term of the revolving credit facility.

All obligations under the New Credit Agreement are unconditionally guaranteed by
Papay Holdco, LLCthe direct holding of the Borrower (“Holdings”), and some of its WE subsidiaries. Obligations under the New Credit Agreement are secured by a first ranking lien on substantially all of the assets of the Borrower and the Guarantors.

The new credit agreement contains customary representations and warranties, positive and negative clauses and events of default. The positive and negative covenants limit the ability of Holdings, the Borrower and the Restricted Subsidiaries of the Borrower to, among other things: incur additional indebtedness or issue preferred stock; create privileges; create restrictions on the ability of subsidiaries of the Borrower to make payments to the Borrower or its direct or indirect holding companies; pay dividends and make other distributions with respect to the capital stock of Holdings, the Borrower and its restricted subsidiaries; repurchase or repurchase Holdings, the capital stock of the Borrower and its restricted subsidiaries or prepay subordinated debt; make certain investments or other restricted payments; secure indebtedness; designate full-fledged subsidiaries; sell certain types of assets; enter into certain types of transactions with affiliates; and carry out mergers or amalgamations. These covenants are subject to certain exceptions and qualifications set out in the New Credit Agreement.

If an Event of Default (as defined in the New Credit Agreement) occurs and continues, amounts outstanding under the New Credit Agreement may become or be declared immediately due and payable and Loan Commitments under the New credit agreement can be terminated.

The above summary of the New Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the New Credit Agreement, which is attached as Schedule 10.1 hereto, and is incorporated herein by reference. ————————————————– ——————————

Section 1.02 Termination of Material Definitive Agreement.

The information set forth in Item 1.01 of this Current Report on Form 8-K regarding the termination of the Prior Credit Agreement is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Section 1.01 of this Current Report on Form 8-K regarding the Revolving Credit Facility is incorporated herein by reference.

Section 7.01 Disclosure of FD Rules.

On May 31, 2022, the Company issued a press release announcing the conclusion of the new credit agreement. A copy of the press release is provided as Exhibit 99.1 to this Current Report on Form 8-K.

The information in item 7.01 of this current report on Form 8-K is for furnishing purposes and is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the responsibilities of this section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any language of general incorporation in such filing, unless expressly stated otherwise by specific reference in such filing.

Information provided pursuant to this Section 7.01 contains “forward-looking statements” within the meaning of the safe harbor provisions of the federal securities laws. It should be read in conjunction with the statement “Caution Regarding Forward-Looking Statements” contained in the press release, the risk factors included in the Company’s periodic reports filed with the
Security and Exchange Commission and such other public announcements as the Company may make, by press release or otherwise, from time to time.

--------------------------------------------------------------------------------

Item 9.01 Financial statements and supporting documents.

(d) Exhibits.

Part # Description

  10.1†§      Credit Agreement, dated as of May 27, 2022, by and among Papay
            Holdco, LLC, Cvent Inc., the other loan parties thereto, the lenders
            party thereto, and PNC Bank, National Association, as administrative
            agent.
  99.1        Press Release of the Cvent Holding Corp., dated May 31, 2022.
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)



† Certain confidential parts (indicated by square brackets and asterisks) have

    been omitted from this exhibit.
§   All exhibits and schedules have been omitted pursuant to Item 601(a)(5) of
    Regulation S-K. Cvent Holding Corp. will furnish the omitted exhibits and
    schedules to the SEC upon request by the SEC.



————————————————– ——————————

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