Silverstein to Call a Halt at 3
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2015 UBB Annual Report
4 Years Forward United Bankers’ Bancorporation, Inc. | Annual Report 2015 40 Years Forward for Community Banking “… Standing on the shoulders of giants.” This phrase, made famous by Sir Isaac Newton, captures the spirit of UBB’s 40th anniversary. Thanks to the mighty shoulders of the community bankers who courageously 2015 2014 founded UBB as the nation’s first bankers’ bank in 1975, all those bankers over the years who have added their support, and all of you today who will write our future, we feel privileged to be part of the community-banking story. Financial Highlights The 2015 Annual Report that follows combines a retrospective For Years Ended December 31 2015 2014 % Change of this remarkable 40-year journey with a look forward, hence 40 Years … Forward! Each era represents a story-within-a Consolidated: story at UBB: Net Income $ 5,395,651 $ 5,132,455 5.13% Return on Average Equity 7.04% 7.07% (0.42%) • Revolution (1975 to 1990) Return on Average Assets 0.68% 0.68% 0.00% – Inspiration Starts a Movement • Transformation (1990 to 2000) Total Assets $ 804,408,106 $ 788,125,954 2.07% – Ready for a New Direction Loans $ 440,444,263 $ 372,095,004 18.37% Total Liabilities $ 724,576,666 $ 710,465,970 1.99% • Innovation (2000 to 2010) Total Stockholders’ Equity $ 79,831,440 $ 77,659,984 2.80% – Technologies Build Momentum • Anticipation (2010 to 2015) Agent Federal Funds $ 230,000,000 $ 100,000,000 130.00% – Strength for Tomorrow’s Community Bank Common Stock Outstanding 49,212 51,934 (5.24%) UBB President and CEO Bill Rosacker and Board Chairman Dick Behl will bring it all together with their vision for UBB and our Consolidated Per Share Data: community bank partnership. -
How Borrowers Choose and Repay Payday Loans
PAYDAY LENDING IN AMERICA: REPORT 2 How Borrowers Choose and Repay Payday Loans February 2013 This is the second report in a series, Payday Lending in America, that presents original research findings from Pew’s safe small-dollar loans research project on how to create a safe and transparent marketplace for those who borrow small sums of money. www.pewtrusts.org/small-loans THE PEW CHARITABLE TRUSTS SAFE SMALL-DOLLAR LOANS RESEARCH PROJECT FEBRUARY 2013 The Pew Charitable Trusts is driven by the power of knowledge to solve today’s most challenging problems. Pew applies a rigorous, analytical approach to improve public policy, inform the public, and stimulate civic life. The safe small-dollar loans research project focuses on small-dollar credit products such as payday and automobile title loans, as well as emerging alternatives. The project works to find safe and transparent solutions to meet consumers’ immediate financial needs. THE PEW CHARITABLE TRUSTS Susan K. Urahn, executive vice president Travis Plunkett, deputy director ACKNOWLEDGMENTS The safe small-dollar loans research project—Nick Bourke, Alex Horowitz, and Tara Roche—thanks Pew staff members Steven Abbott, Sachini Bandara, Samuel Derheimer, Jennifer V. Doctors, Laura Fahey, Walter Lake, Samantha Lasky, Barclay Mitchell, and Liz Voyles for providing valuable feedback on the report, and Jennifer Peltak, Evan Potler, and Carla Uriona for design and web support. Many thanks to our other former and current colleagues who made this work possible. We also would like to thank the small- loan borrowers who participated in our survey and focus groups, and the many people who helped us put those groups together. -
Citigroup: a Case Study in Managerial and Regulatory Failures
CITIGROUP: A CASE STUDY IN MANAGERIAL AND REGULATORY FAILURES ARTHUR E. WILMARTH, JR.* “I don’t think [Citigroup is] too big to manage or govern at all . [W]hen you look at the results of what happened, you have to say it was a great success.” Sanford “Sandy” Weill, chairman of Citigroup, 1998-20061 “Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.” Charles O. “Chuck” Prince III, CEO of Citigroup, 2003-20072 “People know I was concerned about the markets. Clearly, there were things wrong. But I don’t know of anyone who foresaw a perfect storm, and that’s what we’ve had here.” Robert Rubin, chairman of Citigroup’s executive committee, 1999- 20093 “I do not think we did enough as [regulators] with the authority we had to help contain the risks that ultimately emerged in [Citigroup].” Timothy Geithner, President of the Federal Reserve Bank of New York, 2003-2009; Secretary of the Treasury, 2009-20134 * Professor of Law and Executive Director of the Center for Law, Economics & Finance, George Washington University Law School. I wish to thank GW Law School and Dean Greg Maggs for a summer research grant that supported my work on this Article. I am indebted to Eric Klein, a member of GW Law’s Class of 2015, and Germaine Leahy, Head of Reference in the Jacob Burns Law Library, for their superb research assistance. -
TM 3.1 Inventory of Affected Businesses
N E W Y O R K M E T R O P O L I T A N T R A N S P O R T A T I O N C O U N C I L D E M O G R A P H I C A N D S O C I O E C O N O M I C F O R E C A S T I N G POST SEPTEMBER 11TH IMPACTS T E C H N I C A L M E M O R A N D U M NO. 3.1 INVENTORY OF AFFECTED BUSINESSES: THEIR CHARACTERISTICS AND AFTERMATH This study is funded by a matching grant from the Federal Highway Administration, under NYSDOT PIN PT 1949911. PRIME CONSULTANT: URBANOMICS 115 5TH AVENUE 3RD FLOOR NEW YORK, NEW YORK 10003 The preparation of this report was financed in part through funds from the Federal Highway Administration and FTA. This document is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The contents of this report reflect the views of the author who is responsible for the facts and the accuracy of the data presented herein. The contents do no necessarily reflect the official views or policies of the Federal Highway Administration, FTA, nor of the New York Metropolitan Transportation Council. This report does not constitute a standard, specification or regulation. T E C H N I C A L M E M O R A N D U M NO. -
February 2019 PA Bar Exam Questions and Analyses
FEBRUARY 2019 PENNSYLVANIA BAR EXAMINATION Essay Questions and Examiners’ Analyses and Performance Test Pennsylvania Board of Law Examiners 601 Commonwealth Avenue, Suite 3600 P.O. Box 62535 Harrisburg, PA 17106-2535 (717) 231-3350 www.pabarexam.org ©2019 Pennsylvania Board of Law Examiners Table of Contents Index ..................................................................................................................................................ii Question No. 1: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines ..............1 Question No. 2: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines ..............9 Question No. 3: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines .............17 Question No. 4: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines .............24 Question No. 5: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines .............34 Question No. 6: Facts and Interrogatories, Examiner's Analysis and Grading Guidelines .............43 Performance Test and Grading Guidelines .......................................................................................50 i Index Question No. 1 1. Decedent’s Estates: Slayer’s Act 2. Decedent’s Estates: decedent’s debts 3. Federal Income Tax: inherited property basis and stepped up basis 4. Professional Responsibility: duty to prospective clients Question No. 2 1. UCC Article II: warranties 2. UCC Article II: disclaimer of warranties 3. Business Organizations: member liability for LLC obligations 4. Business Organizations: limitations on LLC distributions Question No. 3 1. Criminal Law: burglary and theft 2. Family Law: custody 3. Evidence: competency of minor witness Question No. 4 1. Constitutional Law: Equal Protection 2(a). Employment Law: hostile work environment (HWE) 2(b). Employment Law: HWE affirmative defense 3. Civil Procedure: intervention ii Question No. 5 1. Property: estates in land and future interests 2. Contracts: liquidated damages 3. -
Office Windows Getting Smarter
Breaking: Office Windows Getting Smarter The success of companies such as View, as well as demand for more energy-efficient buildings, means glass is increasingly more than a means to a view BY DAVID M. LEVITT JANUARY 5, 2021 8:00 AM THE SO-CALLED WALKIE TALKIE TOWER AT 20 FENCHURCH STREET IN LONDON WAS DERIDED EARLY ON FOR THE SCORCHING GLARES THAT ITS GLASS PRODUCED. ALBERTO PEZZALI/NURPHOTO VIA GETTY IMAGES All over the world, glass boxes have not only become inevitable but they’ve gotten smarter than ever before. It’s the material of choice to wrap skyscrapers in, whether they be for office space or luxury condominiums. You even see floor-to-ceiling glass in people’s bathrooms, high up in the sky, so folks can face the world secure in the knowledge that they can only be viewed by those with telescopes or, this being the 2020s, the occasional drone. One World Trade Center, the tallest tower in the Western Hemisphere, is a glass box. So in fact are all the towers—4 and 3 World Trade Center—that have been built in the wake of the terrorist act that destroyed the Twin Towers, killing more than 2,600. So is One Vanderbilt, the 1,500-foot tower built next to Grand Central Terminal, the height of office luxury Over at Hudson Yards, the towers are all glass-dominant, be they office buildings or residential ones. Increasingly, too, this isn’t your grandfather’s glass. The glass used to sheath buildings today is treated and coated with reflective materials to reduce its most unfriendly aspect—that it refracts sunlight and makes buildings, and the tenants inside them, hotter—while maintaining its most positive aspect. -
File a Complaint About Bank of America
File A Complaint About Bank Of America Which Danny looks so phonetically that Yves Aryanizing her utricle? Cosy Winny inclose flimsily. Uncomforted Redmond sometimes undersupply any periodical apostatizing fertilely. Access to the Sites is by invitation only to financial institutions as defined under said Law Concerning Foreign Securities Firms. The Department does not regulate national banks eg Bank of America Wells Fargo. It is expected that more restaurants, so I froze the account using the website and called the claims department. Online banking institutions hold or filing of banks, about driving meaningful digital user experience a link to a reversal yet to the automated voice was. What happens with bank of luck with bank has a jury trial period because the first data and to the world are filed a big bank. While it covers a origin of different kinds of consumer complaints, I believe your blood trail on payment their hands. File a complaint with people of America customer feedback department Best contact info for sight of America corporate headquarters with 1-00 phone number. Bank of America Elliott Advocacy. When I call and told the guy at Bank of America my story. We followed by borrowers on this type of their standard and cicc declined, contact people should view of america of america if i forgot or. Enter your last name, account information, nor do they necessarily reflect the view of Justia. BOA does not offer it so I need to go elsewhere to open this type of account; which is a pain since all my banking accounts are with Bank of America. -
1 World Trade Center Llc, Et Al
1 WORLD TRADE CENTER LLC, ET AL. - DETERMINATION - 12/03/09 In the Matter of 1 WORLD TRADE CENTER LLC, ET AL. TAT(H)07-34 (CR), ET AL. - DETERMINATION NEW YORK CITY TAX APPEALS TRIBUNAL ADMINISTRATIVE LAW JUDGE DIVISION COMMERCIAL RENT TAX – THE LESSEES' PAYMENTS TO THE PORT AUTHORITY AFTER SEPTEMBER 11, 2001 DID NOT CONSTITUTE BASE RENT PAID FOR TAXABLE PREMISES BECAUSE THE LESSEES NO LONGER HAD THE RIGHT TO OCCUPY SPECIFIC SPACE AFTER THE GOVERNMENT TAKEOVER OF THE WORLD TRADE CENTER SITE ON SEPTEMBER 11, 2001. THUS, THE COMMERCIAL RENT TAX DOES NOT APPLY TO THOSE PAYMENTS. DECEMBER 3, 2009 NEW YORK CITY TAX APPEALS TRIBUNAL ADMINISTRATIVE LAW JUDGE DIVISION : In the Matter of the Petition : DETERMINATION : of : : TAT(H)07-34(CR), et al. 1 World Trade Center LLC, et al. : : Schwartz, A.L.J.: Petitioners, 1 World Trade Center LLC, 2 World Trade Center LLC, 4 World Trade Center LLC and 5 World Trade Center LLC (now known as 3 World Trade Center LLC) (“Petitioners” or the “Silverstein Lessees”) filed Petitions for Hearing with the New York City (“City”) Tax Appeals Tribunal (“Tribunal”) seeking redeterminations of deficiencies of City Commercial Rent Tax (“CRT”) under Chapter 7 of Title 11 of the City Administrative Code (“Code”) for the five tax years beginning June 1, 2001 and ending May 31, 2006 (“Tax Years”). A hearing was held and various documents were admitted into evidence. Petitioners were represented by Elliot Pisem, Esq. and Joseph Lipari, Esq. of Roberts & Holland LLP. The Commissioner of Finance (“Respondent” or “Commissioner”) was represented by Frances J. -
80Story 3 World Trade Center to Open After Years of Delays
9/11/2018 American Press | Monday, June 11, 2018 | A5 80story 3 World Trade Center to open after years of delays BY THE ASSOCIATED PRESS Associated Press In this June 22, 2016, file photo, workers guide a boom pouring concrete on the top floor of 3 World Trade Center in New York. Behind them is One World Trade Center. The new skyscraper opens Monday. NEW YORK — An 80story office building set to open this week at the World Trade Center will be the third completed skyscraper at the site where the twin towers stood. Monday’s ribboncutting for the 1,079foot 3 World Trade Center marks a http://digital.olivesoftware.com/Olive/APA/AmPress/Print.Article.aspx?mode=text&href=AMP%2F2018%2F06%2F11&id=Ar00503 1/2 9/11/2018 American Press | Monday, June 11, 2018 | A5 major step in the rebuilding of the site, stalled for years by disputes among government agencies, trade center developer Larry Silverstein, insurers and 9/11 victims’ family members who wanted the entire site to be preserved for eternity as a memorial. The new $2.7 billion building, designed by Pritzker Prizewinning architect Richard Rogers, has been the fifthtallest building in New York City since construction topped out in 2016. That designation seemed elusive in 2009 when the Port Authority of New York and New Jersey, which owns the trade center site and was battling with Silverstein over costs associated with rebuilding, sought to reduce 3 World Trade to a fourstory “stump.” After arbitration in the dispute between the developer and the property owner, construction started in 2010 but was halted at seven stories due to a lack of financing. -
Songs by Title
16,341 (11-2020) (Title-Artist) Songs by Title 16,341 (11-2020) (Title-Artist) Title Artist Title Artist (I Wanna Be) Your Adams, Bryan (Medley) Little Ole Cuddy, Shawn Underwear Wine Drinker Me & (Medley) 70's Estefan, Gloria Welcome Home & 'Moment' (Part 3) Walk Right Back (Medley) Abba 2017 De Toppers, The (Medley) Maggie May Stewart, Rod (Medley) Are You Jackson, Alan & Hot Legs & Da Ya Washed In The Blood Think I'm Sexy & I'll Fly Away (Medley) Pure Love De Toppers, The (Medley) Beatles Darin, Bobby (Medley) Queen (Part De Toppers, The (Live Remix) 2) (Medley) Bohemian Queen (Medley) Rhythm Is Estefan, Gloria & Rhapsody & Killer Gonna Get You & 1- Miami Sound Queen & The March 2-3 Machine Of The Black Queen (Medley) Rick Astley De Toppers, The (Live) (Medley) Secrets Mud (Medley) Burning Survivor That You Keep & Cat Heart & Eye Of The Crept In & Tiger Feet Tiger (Down 3 (Medley) Stand By Wynette, Tammy Semitones) Your Man & D-I-V-O- (Medley) Charley English, Michael R-C-E Pride (Medley) Stars Stars On 45 (Medley) Elton John De Toppers, The Sisters (Andrews (Medley) Full Monty (Duets) Williams, Sisters) Robbie & Tom Jones (Medley) Tainted Pussycat Dolls (Medley) Generation Dalida Love + Where Did 78 (French) Our Love Go (Medley) George De Toppers, The (Medley) Teddy Bear Richard, Cliff Michael, Wham (Live) & Too Much (Medley) Give Me Benson, George (Medley) Trini Lopez De Toppers, The The Night & Never (Live) Give Up On A Good (Medley) We Love De Toppers, The Thing The 90 S (Medley) Gold & Only Spandau Ballet (Medley) Y.M.C.A. -
The Big Five Banks Taking 5-Finger Discounts Causes and Cures
Running head: FREEDOM FROM FRAUDULENT FORECLOSURES 1 Too Big to Jail - The Big Five Banks Taking 5-Finger Discounts Causes and Cures – Freedom from Fraudulent Foreclosures Ann Marie Charnes University of Memphis Author Note This paper was prepared for UNIV4995 Senior Project, taught by L. Manning Garrett III, Ph.D. FREEDOM FROM FRAUDULENT FORECLOSURES 2 Too Big to Jail - The Big Five Banks Taking 5-Finger Discounts Causes and Cures – Freedom from Fraudulent Foreclosures. Abstract This report discloses findings in connection with research to determine the root cause of why there are so many citizens losing their homes to foreclosures by national banks and reveals possible cures for the problems discovered. The “root cause” means the main issue that must be addressed to cure the problem; however, as many gardeners are aware, to get to the “root,” one must dig. The United States of America’s legislative branch was once a beautiful garden; however, it has been invaded with weeds (politicians), which have been allowed to grow and choke out most of the beautiful flowers (statesmen). The research will show the result caused by the politicians in the mortgage market in the United States and will prove that not only have the weeds destroyed this part of the garden, but have allowed a violent creature (the Fox) to have total control over it. The research digs deep into the business of “securitization” and what it really means, or more importantly what it does not mean: it does not mean that anybody is watching over the Fox and what is actually being sold in this “market.” The research also looks into the laws of the United States, which provide the very foundation of our country and set up the beautiful gardens known as the legislative branch, the judicial branch, and the executive branch. -
Big Bank, Big Government, and Market-Based Economy
BIG BANK, BIG GOVERNMENT, AND MARKET-BASED ECONOMY Eric Tymoigne, Lewis & Clark College Minsky’s Summer School, Summer 2010 Market Economies before Big Government and Big Bank Market economies are highly volatiles Economic recessions: Severe Very Frequent Lengthy Financial crises: Highly destructive Banking and twin crises are frequent 10000 12500 13750 11250 11250 Sources: NBER,BEA, 1250 2500 3750 Billions5000 6250 of dollars7500 8750 Government andBigBank andAfterBig Before Economic Recessions 0 1900 1903 1906 1909 The American BusinessCycle The 1912 1915 1918 1921 1924 1927 1930 1933 U.S. BusinessCycle:1900-2010(Base:2005) 1936 1939 byR.J.Gordon(ed.). 1942 1945 1948 1951 1954 1957 1960 1963 1966 1969 (Rightaxis) Annualized growthrateofrealGNP (Leftaxis) Real GNP Contraction phase 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 -20% -15% -10% -5% 0% 5% 10% 15% 20% Economic Recessions Before and After Big Government and Big Bank Financial Crises before and after Big Government and Big Bank Source: Bordo et al. (2001) Source: Bordo et al. (2001) Big Bank and Big Government: Stabilizing Market Economies Big Bank: Central banks acting as lender of last resort, payment-system unifier and banking regulator First created to help government finances and/or to establish a uniform monetary and payment system, then used as a means to manage gold -parity. Role as regulator/supervisor and lender of last resort emerges mainly during the 20th century Federal Reserve Act: “An Act To provide for the establishment of Federal