Community Capital of Central Vermont is one of 41 organizations nationwide to receive a Technical Assistance Award from the U.S. Department of Treasurys CDFI Fund. CDFIs Community Development Financial Institutions are specialized organizations that respond to financial gaps in their local markets. Totaling $50,000, this grant will be used over the next two years to improve Community Capitals ability to offer flexible and affordable financing and technical assistance to new and growing businesses that do not yet have access to traditional bank financing. Specific activities include: a tri-county market assessment to identify unmet demand for alternative commercial financing, an internal organizational assessment conducted by CDFI industry leaders, board and staff training, strategic planning, and technology upgrades. Founded in 1995 as the Central Vermont Revolving Loan Fund, Community Capital has lent over $1.4 million in flexible and affordable loans to 58 micro and small businesses that are not yet able to qualify for a traditional bank loan. Almost half of these businesses have in turn benefited from over 1,000 hours of specialized post-loan business counseling, a unique program available only to borrowers of Community Capital. Other funding for Community Capital comes from the U.S. Department of Agriculture, the Vermont Community Development Program, and a variety of local bank and other private donations. For more information, please contact Emily Kaminsky at 479-1053, ext. 263. Or, visit our website at www.cvcapital.org(link is external). Community Capital is a partner of the Central Vermont Community Action Council.
Challenged as to how to respond to the horrific crisis in Haiti, the Saint Michael’s College community came together with a large outpouring of generosity from all quarters in rapid time. Prevented from travelling to Haiti, as many wished to do, instead students, faculty and staff put programs in place to raise funds and collected $33,574 for medical and humanitarian relief in about 10 days.Saint Michael s Haitian connectionsMany Saint Michael s connections with Haiti intensified these drives. Three SMC faculty members are Haitian and have extended family and many friends on the Caribbean island. Sixteen Haitians studied English at Saint Michael s from August 23 to October16, 2009. And a Haitian author who had once been an SMC Distinguished Visiting Scholar and his wife both lost their lives in the earthquake.Saint Michael s has held a week-long Haitian Cultural Festival during many spring semesters since 1994 when then-Haitian President Jean-Bertrande Aristide was the featured key-note speaker at the festival.Source of the giftsSaint Michael s financial response included an immediate challenge gift of $10,000 announced three days after the January 12th earthquake, by the priests of the Society of St. Edmund. Inspired by that generosity, students, faculty and staff, and worshippers attending Mass at Saint Michael s, responded with gifts totaling $13,364. Additionally, a Brahms Requiem benefit concert, at Saint Michael s on January 23rd raised another $10,210, bringing the total Saint Michael s gift, as of January 27, to $33,574.The gift was delivered on January 27 to Catholic Relief Services, $28,499, and to Partners in Health, $5,075.Spearheaded in large part by the Rev. Brian Cummings, SSE, the fund drive started with the priests challenge gift, followed by an interfaith prayer service and a movement amongst student groups. Students set up awareness tables and donation jars around campus. Then the local music community, inspired by soprano Shyla Nelson, came together with over 200 area musicians for a fundraising concert.Once-in-a-lifetime, musical/spiritual event in VermontFull chorus, full orchestra, soloists, The Green Mountain Mahler Festival, Live from the Core, and Bread & Puppet Theater, enacting the theme of death, resurrection and hope, all came together to perform Brahms Requiem in the awe-inspiring and acoustically superb Saint Michael’s College Chapel of Saint Michael the Archangel. It was an astonishing event that is never likely to be repeated in Vermont. The two-hour performance by professional musicians, playing and singing for a cause, was breath-taking. Many in the 700-person audience were in tears at the end.Peter Schumann, founder and director of the Bread & Puppet Theater, performed and led his troupe, who created their full-puppet spiritual interpretation of Haiti s catastrophe and Brahms Requiem within a week s time.The college community is very anxious to continue to find ways to support our brothers and sisters in Haiti, and is in continuing conversation about the possibility of carrying out educational programs, as guided by Haitian educators, in the years to come.Learn What Matters at Saint Michael s College, The Edmundite Catholic liberal arts college, www.smcvt.edu(link is external). Saint Michael s provides education with a social conscience, producing graduates with the intellectual tools to lead a successful, purposeful life that will contribute to peace and justice in our world. Founded in 1904 by the Society of St. Edmund and headed by President John J. Neuhauser, Saint Michael s is identified by the Princeton Review as one of the nation s Best 371 Colleges. It is one of 270 colleges and universities nationwide, and one of only 20 Catholic colleges, with a Phi Beta Kappa chapter. Saint Michael s has 1,900 undergraduate students, some 500 graduate students and 100 international students. Saint Michael s students and professors have received Rhodes, Woodrow Wilson, Pickering, Guggenheim, Fulbright, and other grants. The college is one of the nation s Best Liberal Arts Colleges as listed in the 2009 U.S. News & World Report rankings. Saint Michael s is located just outside Burlington, Vermont, one of America s top college towns.Source: St Michael’s. 1.29.2010-30- read more
Mnuchin downplayed a question about a possible recession, calling it a “technical question” that was not “terribly relevant” in the current situation since the government was effectively shutting down large parts of the economy to slow the virus.”“When people focus on recessions, it’s normally because of a prolonged economic environment,” Mnuchin said. “This is a very unique situation that we’ve never had before. This is the government has self-imposed shutting down large parts of the economy. And as soon as we can get the medical situation under control, we’re going to reopen it.”Mnuchin declined to comment specifically about a Washington Post report that the Trump administration did not act on repeated warnings about the potential impact of the coronavirus from the U.S. intelligence community, but said no one expected the crisis to escalate as quickly as it had.“I don’t think that anybody should second guess the government’s actions,” Mnuchin said. “This has been moving very quickly and I think we’ve responded appropriately.”Many critics have said the administration has been slow in both its preparation and response to the crisis as President Donald Trump for weeks played down the situation before changing his tone more recently. The coronavirus economic relief bill being finalized by the US Congress will include a one-time US$3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation’s economy, US Treasury Secretary Steven Mnuchin said on Sunday.Mnuchin, speaking on the “Fox News Sunday” television program, said the additional liquidity measures would allow the US central bank to help a broad base of businesses to get through next 90 to 120 days.Trump administration officials hoped to finalize the legislation on Sunday and see a vote on Monday, Mnuchin said, adding that further steps could be taken if the crisis did not abate in 10 to 12 weeks. Mnuchin said the US economy would clearly take a hit from the health crisis, but should rebound once the new coronavirus has been contained.“We need to get the money into the economy now. If we do that, we think we can stabilize the economy,” he said.Read also: ‘Desperate times, desperate measures’: Calls grow for flexible state budget amid virusNearly one in four Americans, or 80 million people, were under orders to close up shop and stay home as New York, California, Illinois, Connecticut and New Jersey instituted statewide lockdowns to try to contain the rapid spread of the highly contagious respiratory illness. Topics : read more
After re-signing Turner for four years and $64 million (along with fellow in-house free agents Kenley Jansen and Rich Hill), the Dodgers filled their biggest offseason hole by trading top pitching prospect Jose DeLeon to Tampa Bay for second baseman Logan Forsythe. Forsythe will likely replace Utley as the primary leadoff hitter as well, giving the lineup some balance from the right side. Utilityman Kike’ Hernandez (who hit .190 in 109 games last year) and journeyman minor-leaguers Chris Taylor and Charlie Culberson will jockey for playing time behind Forsythe, Seager and Turner with Darin Ruf most likely to spell Gonzalez occasionally at first base.THE NEXT LAYERSecond baseman Willie Calhoun is one of the blue-chip prospects in the Dodgers’ loaded farm system. A fifth-round draft pick in 2015, Calhoun hit .316 with a .909 OPS at three levels in 2015 then followed that up last year by hitting .254 with 27 home runs, 88 RBIs and a .788 OPS in Double-A, adding a trip to the All-Star Futures Game in San Diego and an MVP performance in the Arizona Fall League’s Fall Stars Game. But the 22-year-old also has some defensive shortcomings that could affect his rise to the big leagues and his role once he gets there.MOVES THEY COULD MAKEThe Dodgers spent the winter shopping for a second baseman, preferably a right-handed hitter who could help address last year’s shortcomings against left-handed pitching. Trade overtures were made to Minnesota for Brian Dozier and his power bat but nothing came of it. Instead, they landed their Plan B — Forsythe. The former Ray fills both needs without forcing the Dodgers to dip too deeply into their cache of prospects or commit long-term money to a short-term solution like Ian Kinsler. The infield is set now. Newsroom GuidelinesNews TipsContact UsReport an Error As the Dodgers get closer to the first workout of spring training on Feb. 16, we are providing a breakdown of how they stand with their roster. Today, the infield:2016 RECAPShortstop Corey Seager managed to exceed the high expectations for him in his first full season. He was the unanimous choice for the National League Rookie of the Year award and made the All-Star Game. But he also emerged as the Dodgers’ best position player, leading them in nearly every offensive category and finished second in home runs with 26 (the most in Dodgers’ franchise history by a shortstop, rookie or not). First baseman Adrian Gonzalez and third baseman Justin Turner each started the season slowly but eventually re-established their status as the key pillars around which the Dodgers’ offense is built. Veteran Chase Utley was the primary second baseman and served as an important mentor for Seager and instrument of change in the team’s clubhouse culture.HOW IT LOOKS RIGHT NOW read more