Politics money – Draft Gore 2008 http://draftgore2008.org/ Fri, 29 Apr 2022 01:42:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://draftgore2008.org/wp-content/uploads/2022/01/icon-2022-01-14T222418.754.png Politics money – Draft Gore 2008 http://draftgore2008.org/ 32 32 Racist mortgage lenders charge racial minorities an additional 8% in interest. https://draftgore2008.org/racist-mortgage-lenders-charge-racial-minorities-an-additional-8-in-interest/ Thu, 28 Apr 2022 20:15:00 +0000 https://draftgore2008.org/legal-bay-pre-settlement-funding-announces-preparation-for-summer-season/ How to get a cash advance for politics needs Do you require cash to assist your campaigns? ACFA Cashflow can offer you a cash advance that can assist you in obtaining the funds that you require to your politics. We know that it’s difficult to start in this industry, and that’s why we’re here to […]]]>

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Mortgage lenders charged minority borrowers 8% more in interest and rejected them 14 percent more often than wealthy borrowers.

Despite the existence of the Equal Credit Opportunity Act in the United States, prejudices still often affect borrowers from ethnic minority backgrounds when purchasing a home, even when they have the same wealth as white purchasers.

These prejudices are subsequently routinely incorporated into machine-learning algorithms used by lenders to organize decision-making, resulting in adverse repercussions for housing equity and perhaps contributing to the growth of the racial wealth gap.

For mortgage lenders, if a model is trained on an unfair dataset – such as one in which a greater percentage of Black applicants were rejected loans than white borrowers with the same income or credit score – the model’s predictions will be affected when applied to real-world scenarios.

For example, if a minority borrower receives a loan after their race is changed to white, the machine model deems that data point to be biased and eliminates it from the dataset.

To combat racism and prejudice in mortgage lending, MIT researchers developed a strategy for removing bias from the data used to train these machine-learning algorithms.

Contrary to identical credit ratings, purchasers have access to disparate databases.

The Journal of Financial Economics study develops a new technique for mortgage lenders that allows for the removal of bias from a dataset with multiple sensitive attributes, such as race and ethnicity, as well as several “sensitive” options for each attribute, such as Black or white, Hispanic or Latino, or non-Hispanic or Latino.

Sensitive characteristics and options are characteristics that differentiate a wealthy group from an impoverished group, as seen by racial disparity patterns.

DualFair then trains a machine-learning classifier to generate reasonable predictions about whether consumers will qualify for a mortgage loan. When applied to mortgage loan data from numerous states in the United States, their strategy considerably decreased prediction discrimination while retaining a high level of accuracy.

Jashandeep Singh, a senior at Floyd Buchanan High School and co-lead author of the study with his twin brother Arashdeep, stated: “As Sikh Americans, we encounter racism on a daily basis, and we believe it is unacceptable to see that bias manifest itself in algorithms used in real-world applications.”

“When it comes to mortgage lending and financial institutions, it is critical that prejudice does not penetrate these systems since it might exacerbate already-existing disparities against certain populations.”

DualFair as a developing technology for resolving racism and other social problems

DualFair identifies and corrects for two forms of bias in a mortgage loan dataset: label and selection bias.

Label bias arises when the balance of favorable and unfavorable outcomes for a given group is disproportionate — for example, when Black applicants are rejected loans at a higher rate than other minority groups, which also happens with other minority groups.

On the other hand, selection bias occurs when data are not typical of the greater population — for example, when a dataset contains only people from a single neighbourhood with historically low earnings.

DualFair then reduces label bias by subdividing a dataset into as many subgroups as possible depending on sensitive qualities and alternatives, such as white males who are not Hispanic or Latino, black women who are Hispanic or Latino, and so on.

DualFair then balances the proportion of loan acceptances and rejections in each subgroup to match the median in the original dataset before recombining the subgroups. This is accomplished by duplicating individuals from minority groups and deleting individuals from the majority group, and by balancing the proportion of loan acceptances and rejections in each subgroup to match the median in the original dataset.

The system then eliminates selection bias by iterating on each data point to determine whether discrimination exists – for example, if an individual is a non-Hispanic or Latino Black woman who was denied a loan, the system will adjust her race, ethnicity, and gender one at a time to determine whether the outcome changes.

If this borrower is given a loan after changing her race to white, DualFair deems this data point to be biased and eliminates it from the dataset.

DualFair may concurrently handle discrimination based on various characteristics by subdividing the dataset into as many subgroups as feasible.

Utilizing a fairness indicator known as the average odds difference might aid in this process.

DualFair was tested using the publicly accessible Home Mortgage Disclosure Act dataset, which covers 88 percent of all mortgage loans in the United States in 2019 and contains 21 variables such as color, sex, and ethnicity.

The DualFair technique boosted forecast fairness while maintaining a high degree of accuracy across all states, making racial discrimination against minority groups by mortgage lenders more difficult.

Additionally, the researchers employed an established fairness statistic known as the average odds difference. However, this difference can only be used to determine the fairness of a single sensitive property — thus they developed their own fairness metric, dubbed the alternative world index, that takes into account bias from numerous sensitive characteristics and choices as a whole.

They discovered that DualFair boosted predictor fairness in four of the six states while retaining good accuracy.

“Until now, researchers have mostly attempted to categorize biased instances as binary,” Gupta remarked. There are several factors that may be skewed, and each of these parameters has a unique effect in various circumstances. They are not weighted evenly. Our approach is far more capable of calibrating it.”

Khan concluded, “It is a widely held assumption that in order to be accurate, one must sacrifice fairness, or in order to be fair, one must sacrifice accuracy. We demonstrate that we can make progress in closing that gap.”

“To put it frankly, technology works well for a select number of individuals. African American women have long faced discrimination, particularly in the home lending industry. We are committed to ensuring that systematic racism is not extended to algorithmic models.

“There is no use in developing an algorithm to automate a process if it does not function equally well for everyone.”

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How To Buy Ethereum | evening standard https://draftgore2008.org/how-to-buy-ethereum-evening-standard/ Thu, 28 Apr 2022 12:39:00 +0000 https://draftgore2008.org/how-to-buy-ethereum-evening-standard/ L Launched in 2015, Ether is the world’s second largest cryptocurrency by volume behind Bitcoin. It can be traded as an investment (ticker: ETH) and is the native currency of the Ethereum software platform. While Bitcoin and Ethereum both use block chain to support their cryptocurrencies, Ethereum uses more sophisticated technology that allows it to […]]]>
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Launched in 2015, Ether is the world’s second largest cryptocurrency by volume behind Bitcoin. It can be traded as an investment (ticker: ETH) and is the native currency of the Ethereum software platform.

While Bitcoin and Ethereum both use block chain to support their cryptocurrencies, Ethereum uses more sophisticated technology that allows it to run applications. It was the first platform to develop smart contracts such as non-fungible tokens (NFTs), which can be used to represent real-world objects such as digital artwork.

As a result, Ethereum has been singled out as a key player in the development of the next generation of decentralized exchanges and applications.

Ether has rewarded investors with a dramatic price increase from £250 to nearly £2,300 over the past five years. However, it’s been a bumpy ride, with a steep drop of more than 40% from its record price of over £3,800 in November 2021.

Investors also faced a 27% one-day price drop in May 2021 after China announced a cryptocurrency ban.

Unlike Bitcoin, Ether has no capped maximum volume to “mine” new coins. However, it is becoming increasingly difficult to mine and the rumored move to “Ethereum 2.0”, a proof-of-stake model, could eliminate mining altogether. “Miners” would no longer have to compete to solve the same pattern, as with the current proof-of-work model, but would be selected to validate new blocks of data and earn Ether.

Trade with eToro

Trade a variety of assets including stocks, ETFs and cryptocurrencies; for novices and experts alike

Open account

CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Investing in crypto-assets is unregulated in most EU countries and the UK. No consumer protection. Your capital is in danger.

Ether is the second most widely accepted cryptocurrency, but there is still some way to go before bitcoin is caught, with a relatively limited group of retailers accepting Ether as a direct form of payment.

Here we look at the process of buying Ethereum, as well as other ways to invest in cryptocurrency.

Please note that investing in cryptocurrencies is a high risk proposition and you may lose some or all of your money. There is no guarantee that you will make a profit.

The Financial Conduct Authority (FCA), the UK’s financial regulator, regularly issues warnings about the risks associated with the crypto industry.

Crypto-assets are unregulated. The FCA says those who buy cryptocurrency are “highly unlikely to have protection if things go wrong, so people should be prepared to lose all their money if they choose to invest in them.”

How to buy Ethereum in 4 steps

1. Find a stock exchange or broker

The first step is to choose a crypto broker or exchange.

A cryptocurrency broker provides an online mechanism to facilitate your contact with a cryptocurrency exchange.

A cryptocurrency exchange is an online platform that brings buyers and sellers together to trade cryptocurrency.

With some exchanges, you can buy crypto using normal currency, such as British Pounds. Others require you to use one form of crypto to purchase another. Here you will need to find a second exchange to buy coins that your chosen exchange is using, before you can start trading.

With brokers, check the rules regarding keeping your cryptocurrencies away from a given platform. Some brokers prevent clients from transferring crypto holdings out of their account. This could become a problem if you decide to house your cryptocurrencies in a crypto wallet.

The FCA has a UK list ofregistered crypto asset companies.

2. Choose a payment option

After choosing an exchange or broker, you will need to add funds to your account before you can start trading. Depending on the provider you have chosen, you can add money by debit or credit card, from your checking account, via an electronic transfer, a payment service or from a cryptocurrency wallet.

There are usually different transaction fees for each payment method. However, it is worth reviewing these fees to maximize the amount of money to invest in Ethereum. Credit card payments are generally treated as a cash advance and subject to a higher interest rate than other forms of payment.

However, going into debt to buy highly volatile assets is not recommended.

3. Place an order

Once you have transferred money to your account, you can buy Ethereum. You need to enter the stock symbol for the currency (ETH), select the appropriate button from your trading menu, and enter the amount you wish to invest.

4. Choose a safe storage option

It is important to note that cryptocurrency exchanges are not covered by regulatory protection such as the Financial Services Compensation Scheme UK. Despite investments in cybersecurity measures, suppliers remain exposed to the risk of theft or hacking.

You risk losing your Ethereum investment if you misplace or forget your account access codes. It is also essential to ensure that your Ethereum is kept in a secure storage location.

You may have little choice in the storage mechanism if you buy Ethereum through a broker. However, if you use a crypto exchange and trade major currencies, you will likely have access to an integrated wallet (or preferred partner) where you can keep your Ethereum safe.

If you prefer not to use the provider your exchange is associated with, you can transfer your Ethereum from one exchange to a separate “hot” or “cold” wallet:

  • Hot Wallets: Online-stored crypto wallets that work on internet-connected devices, such as tablets, computers, and phones. They are convenient but may pose a greater risk of theft due to their internet connection.
  • Cold Wallets: External devices such as USB sticks or hard drives that are not connected to the internet and therefore potentially more secure. However, you will lose access to your Ethereum if you lose or misplace the codes.

Transferring Ethereum to a hot or cold wallet may incur fees, depending on the exchange.

Alternative ways to buy cryptocurrency

If you prefer not to buy cryptocurrency through an exchange or broker, there are two indirect ways to gain exposure to cryptocurrency assets.

1) Invest in cryptocurrency-connected businesses

One option is to buy shares in companies that use or own cryptocurrencies such as Ethereum and the blockchain that powers them. These may allow you to gain some exposure to cryptocurrency through tangible products or services subject to regulatory oversight.

Here are some indicative examples of companies, although they are not recommendations:

  • Nvidia (NVDA): a technology company that designs and sells processing units specifically for mining currencies such as Ethereum.
  • PayPal (PYPL): The global payments platform has expanded its offering to allow customers to buy and sell select cryptocurrencies with their PayPal and Venmo accounts.
  • Square (SQ): The small business payment service provider that has purchased millions of dollars worth of Bitcoin since October 2020.

You will need aonline investment platform or trading app buy shares in listed companies. Please note that the usual investment disclaimers apply and there is no guarantee that stock market investments will return any money.

2) Invest in crypto exchange-traded funds

Another option is to invest in funds based on holding cryptocurrencies such as Ethereum. Exchange-traded funds (ETFs) are “passive” investments that typically track traditional stock market indices such as the FTSE 100 or S&P 500.

Crypto ETFs are relatively new products that are currently only available in certain jurisdictions such as the United States. They are not yet available in the UK.

Trade with eToro

Trade a variety of assets including stocks, ETFs and cryptocurrencies; for novices and experts alike

Open account

CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Investing in crypto-assets is unregulated in most EU countries and the UK. No consumer protection. Your capital is in danger.

]]>
Rocket Man’s Rise to Fame https://draftgore2008.org/rocket-mans-rise-to-fame/ Thu, 28 Apr 2022 07:35:16 +0000 https://draftgore2008.org/rocket-mans-rise-to-fame/ Elton John is undeniably a music icon. With more than 300 million albums sold worldwide and being one of the highest paid celebrities, he belongs to the list of the richest singers in the world. He is the fifth best-selling musical artist in modern history, after Madonna, Michael Jackson, Elvis Presley and the Beatles. So […]]]>

Elton John is undeniably a music icon. With more than 300 million albums sold worldwide and being one of the highest paid celebrities, he belongs to the list of the richest singers in the world.

He is the fifth best-selling musical artist in modern history, after Madonna, Michael Jackson, Elvis Presley and the Beatles. So how much is Elton John worth today?

The rise of Elton John’s career

The 75-year-old pianist’s real name is Reginald Kenneth Dwight. However, he changed it in the late 1960s when he and his friends formed the band Bluesology.

Around this time he met songwriter Bernie Taupin and from there they began collaborating on a number of albums which made him a top selling artist.

He released his first albums, empty sky and Elton Johnin 1969 and 1970 respectively. From 1972 to 1975, his seven consecutive albums topped the charts.

READ ALSO : Avril Lavigne net worth: What made the Canadian singer one of the richest pop-rock stars?

From there, he started his own record label, The Rocket Record Company. However, he decided not to release his own album under his company and instead signed an $8 million deal with MCA.

Successive Elton John albums from the 1980s to 1992 were all successful. He and Taupin went on to sign a 12-year, $39 million deal with Warner Bros. Records, the largest cash advance in music history at the time.

In 1994, he composed the official soundtrack of the Disney animated film The Lion King, which became a Certified Diamond in 1999 for selling 15 million copies. He then reissued “Candle in the Wind” in 1997 to commemorate the death of Princess Diana, making it the best-selling single in recording history.

YOU MIGHT ALSO LIKE: Bruno Mars Net Worth: From Unknown Impersonator to One of the Most Influential Artists

Until today, the legendary musician continuously composes and releases successful albums.

Elton John’s Paychecks and Net Worth Milestones

Meanwhile, as one of the highest paid entertainers of all time, Elton John received some of the highest paychecks.

He earned $45 million between June 2017 and June 2018. He held a residency in Las Vegas, The Million Dollar Pianobetween 2011 and 2018 and reached an agreement to receive 88% of each show’s gate revenue, or approximately $500,000 per show.

No wonder that from a fortune of $100 million in 2000, she has grown significantly over the years. However, at the time, he was known as a spendthrift spendthrift.

READ MORE: Adam Levine net worth: How rich is the Maroon 5 singer?

He was spending $2 million a month in the late 1990s. In fact, he ended up having a collection of cars he didn’t usually drive.

In June 2001, he decided to sell 20 of his vehicles, from Jaguar to Ferrari via Bentley and Rolls Royce.

In 2009, his net worth was $265 million until it grew to $300 million in 2013. Now Elton John is worth $500 million, per Celebrity Net Worth.

For more on Elton John, stay tuned to EpicStream!

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Austral Resources Australia: March 2022 Quarterly Report https://draftgore2008.org/austral-resources-australia-march-2022-quarterly-report/ Thu, 28 Apr 2022 01:54:31 +0000 https://draftgore2008.org/austral-resources-australia-march-2022-quarterly-report/ Austral Resources Australia Ltd ASX AR1 ASX ANNOUNCEMENT For personal use only April 28, 2022 March 2022 quarterly activity report “Austral successfully transitions its Anthill mine to full-scale production and is focused on expanding its exploration campaign in at the heart of one of Australia’s most prolific copper provinces, Mt Isa Inlier“ Strong points: • […]]]>

Austral Resources Australia Ltd

ASX AR1

ASX ANNOUNCEMENT

For personal use only

April 28, 2022

March 2022 quarterly activity report

Austral successfully transitions its Anthill mine to full-scale production and is focused on expanding its exploration campaign in at the heart of one of Australia’s most prolific copper provinces, Mt Isa Inlier

Strong points:

  • A major production milestone was reached with the first deliveries of copper ore from the Anthill mine in March

  • Austral is on track to produce 10,000 tpa of copper cathodes from mid-2022

  • Six drill-ready copper oxide exploration targets prioritized from geophysics and fieldwork

  • 348 tonnes of cathode sold for $4.83 million in the quarter as copper production increased significantly from May due to the start of ore processing at Anthill

  • Austral has finalized a $15 million cash advance facility with Glencore to aggressively ramp up exploration and provide the company with a strong balance sheet

  • The exploration team focused on delivering drill-ready targets with a clear objective of expand Austral’s current resource inventory (420,000 t of copper content). $10 million budgeted to drill 30,000 m over the next 12 months

Business

  • Cash balance of $23.6 million strongly positioning the Company for 2022

  • Exploration joint venture discussions are underway with several parties for a portion of The 2,100 km of the Australs2 very promising exploration mandates

  • Glencore Levy Offers Premium to Copper Spot Price for LME Grade A Cathode

Summary

Copper producer Austral Resources Australia Ltd (ASX:AR1) (Austral or the Company) is pleased to provide an overview of its business for the quarterly period ending March 31, 2022.

During the quarter, ta Anthill Mine commenced production, paving the way for achieving >9,000t of copper cathode production in 2022 and >12,000t in 2023 as Austral continues to execute its growth strategy. Importantly, copper cathode production will increase significantly from May 2022 to reach an expected monthly production of 1,400 t by October 2022, driving revenue growth throughout calendar year 2022.

Austral Resources Australia Ltd

ASX AR1

ASX ANNOUNCEMENT

For personal use only

Copper prices are at historic highs, approaching A$14,000/t. This, coupled with a sharply increasing cathode production rate from May 2022, will result in significant sales revenue growth, considerably higher than expected when Austral listed late last year. Glencore’s $15m prepayment facility provides a safe cash reserve during production ramp-up and enables increased exploration drilling expenditure in 2022, with the aim of increasing Austral’s copper inventory by Discovery.

With the completion of work to develop a strong cash flow from the production and sale of copper cathodes, exploration activities are now expanded in the heart of one of Australia’s most prolific copper deposits provinces leverage the Company’s significant resource endowment of 420,000 tonnes of contained copper.

Figure 1. East pit of Anthill mine, April 27. 5.7 Mt of overburden was moved between January and April 2022. Oxidized copper ore appears in the right half of the main pit as dark colored material. 100,000 t of ore were extracted in April 2022.

Austral Resources Australia Ltd

ASX AR1

ASX ANNOUNCEMENT

For personal use only

Introduction

It was a very productive quarter for Austral, with the company setting a clearly defined path to begin full-scale copper production in May 2022. All mine development and plant preparation activities remained on schedule despite a wet month of January and staff absenteeism linked to Covid-19.

Production of copper cathodes will increase significantly from May 2022 and will continue to increase to a projected 1,400 t/month from October 2022, with sales revenue expected to exceed A$15 million per month from October 2022. August 2022, helped by current copper prices of around AU$14,000/t.

Austral expects to average 10,000 tons per year in cathode sales over the next four years, generating more than $500 million in revenue at current copper prices.

Exploration activities intensified in March with six copper prospects prioritized for drilling starting in May 2022. An exploration budget of $10 million has been approved for a 30,000 m drilling project over the next 12 months, weather permitting. The Company is starting a diamond drilling program at the Flying Horse pit to infill the sulphide resource and collect fresh core for metallurgical testing potentially using new processing technology.

In summary, Austral has achieved its objectives of bringing its new Anthill mine into production, thanks to the exemplary efforts of its team and the contractors on site. Overburden transport has exceeded plan, reaching 5.7 Mt at the end of April 2022. This has exposed the top of the Anthill oxide ore body and we are now seeing ore production exceeding plan. Mining production is de-risked.

Figure 2. Road train loaded with ore from Anthill before traveling 43 km to the Mt Kelly processing plant.

Austral Resources Australia Ltd

ASX AR1

ASX ANNOUNCEMENT

For personal use only

Anthill Mine Development

During the quarter, the Anthill site began bulk overburden mining on January 5, 2022, reaching 4.2 Mt of overburden moved by the end of the reporting period. The top of the Anthill East Pit ore body was exposed on January 26 and ore mining began in February 2022. Ore haulage began on March 24 and will reach a planned volume of 5,000 tpd from here in early May 2022.

Total overburden mined at the end of April was 5.7 Mt, exposing significant portions of the eastern pit ore body for bulk ore mining. This will allow pre-stripping activities to resume at the west pit.

The flat, low-dip geometry and consistent nature of the exposed ore means simple grade control and mining. Blasting is done on 10m benches and mining on 2.5m flitches (blasted ore), with boreholes in and adjacent to the ore assayed for grade control. To date, the ore blocks are closely correlated to the block model for tonnes – with copper grades significantly higher than expected for the first 109,000 tonnes of ore mined.

Ore production for April of 100,000 t was well above the budgeted 53,000 t, averaging 1.45% copper. Ore stockpiles at the end of April of 109 kt contain 1,370 t of recoverable copper. Stockpiling of ore to heap leach begins in early May.

Glencore Direct Debit and Prepayment

In February 2022, the Company entered into a direct debit and prepayment agreement with Glencore, one of the largest mining companies in the world.

Under the off-take agreement, Glencore holds the off-take rights for up to 40,000 t of copper cathode Austral’s Anthill mine productioncollection to begin in May 2022.

Glencore has also provided Austral with a US$15 million prepayment facility, providing Austral with a safe cash reserve as operations reach design capacity. The advance payment also allows Austral to accelerate exploration and development activities throughout 2022, after which exploration will be funded internally from Anthill’s cash flow.

Austral will sell its Anthill cathode at the prevailing spot copper price plus a premium for LME Grade A quality.

Austral Resources Australia Ltd

ASX AR1

ASX ANNOUNCEMENT

For personal use only

2022

Jan

Feb

Mar

Apr

May

June

Jul

August

Sep

Oct

Nov

Dec

Mount Kelly Plant Renovation

Anthill Creek Diversion

Pre-stripping anthill (kt)

665

1,400

1,750

1,502

1,294

1,393

1,407

1,394

1,389

1,421

1,382

1,323

Anthill Ore Mining

3,000

5,000

100,000

177,500

172,500

169,500

187,000

164,500

158,000

179,000

237,000

Ore delivery to Mt Kelly

5,000

51,000

155,000

150,000

155,000

155,000

150,000

155,000

150,000

155,000

Mt Kelly ore stockpile

137,000

180,000

186,000

174,000

150,000

150,000

150,000

150,000

Tons of cathode production

175

125

125

115

193

688

1,021

1,265

1,337

1,453

1,434

1,450

source of copper

Residual mining 2021

Anthill copper production

Gross turnover M$A*

$2.5

$1.8

$1.8

$1.6

$

2.7

$

9.6

$

14.3

$

17.7

$

18.7

$

20.3

$

20.1

$

20.3

Mount Kelly Processing Plant

The Mt Kelly processing plant consists of a heap leach pad and solvent extraction/electrowinning (SXEW) plant with a capacity to produce up to 30,000 tpa of copper cathode . Mt Kelly is fully operational and produced 5 tpd of LME Grade-A grade copper cathode during the quarter.

The crushing, conveying and stacking circuit was refurbished to resume production. Ore stockpiling begins in early May 2022.

The operation is simple: 5,000 tpd of oxide ore is crushed, sintered and stockpiled on the heap leach pad for processing. This stockpiled ore is irrigated with dilute sulfuric acid, which leaches copper into the ore, with the leaching solution being concentrated in the solvent extraction circuit before passing to the electrowinning circuit to produce cathode sheets of copper. About 2 kW of power is needed to produce 1 kg of copper cathode.

Anthill’s ore leach performance is excellent with rapid initial leach kinetics: metallurgical testing has demonstrated that it takes 60 days to leach 60% of the contained copper from the ore and 270 days to achieve an expected overall recovery 85.2% copper. The relatively fast leaching characteristics mean that copper production increases rapidly soon after ore stockpiling.

Table 1. Production and sales revenue projection for 2022

Table 1 provides Austral’s production schedule for the remainder of 2022. Cathode production is expected to build in May as ore from Anthill is processed. Production by July should exceed 1,000 t/month of cathode.

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Legislation to create a new type of loan for low-income borrowers draws criticism https://draftgore2008.org/legislation-to-create-a-new-type-of-loan-for-low-income-borrowers-draws-criticism/ Wed, 27 Apr 2022 20:25:45 +0000 https://draftgore2008.org/legislation-to-create-a-new-type-of-loan-for-low-income-borrowers-draws-criticism/ State Sen. Rick Ward, R-Port Allen, has proposed creating the “Access to Credit Loan,” a new type of financial product for Louisiana, aimed at borrowers who cannot qualify for a bank loan. . Ward says the loan could be a lifeline for borrowers facing an immediate financial emergency who don’t want to take out a […]]]>

State Sen. Rick Ward, R-Port Allen, has proposed creating the “Access to Credit Loan,” a new type of financial product for Louisiana, aimed at borrowers who cannot qualify for a bank loan. .

Ward says the loan could be a lifeline for borrowers facing an immediate financial emergency who don’t want to take out a payday loan, although critics say the high interest and fees allowed would allow lenders to take advantage of people having few options.

“We don’t need a whole new class of loans that will increase costs for Louisiana citizens,” said Troy McCullen, former president of the Louisiana Cash Advance Association.

When introducing his bill, Ward said loans of up to $1,500 could benefit someone who, say, has flat tires and needs money fast to replace them so they don’t lose. his job. No matter how long it takes to repay the loan, the borrower will never have to repay more than double what was originally borrowed, Ward says.

But critics question Ward’s interpretation of the bill’s wording, saying the cost could exceed 100% of the principal, and the need for the monthly ‘maintenance fee’ of up to 13% that the legislation would allow with up to 36% interest and a $50 origination fee.

“One hundred percent interest is still bad enough,” Jessica Sharon, assistant vice president of financial outreach at Pelican State Credit Union, said during a committee hearing.

Senate Bill 381 passed the Senate and House Commerce Committee.

“They’re accelerating this thing,” McCullen says.

Daily reportI emailed Ward today offering an opportunity to comment, but did not hear back in time for this report.

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Common loan pitfalls and how to avoid them https://draftgore2008.org/common-loan-pitfalls-and-how-to-avoid-them/ Wed, 27 Apr 2022 12:55:10 +0000 https://draftgore2008.org/common-loan-pitfalls-and-how-to-avoid-them/ Post views: 215 A loan can be used for various purposes. Some examples include credit card debt consolidation, school loan consolidation, and dealing with unexpected medical bills. Of course, they can also be used to fund a range of other activities, such as starting or expanding a business or renovating a home. However, before applying […]]]>

Post views: 215

A loan can be used for various purposes. Some examples include credit card debt consolidation, school loan consolidation, and dealing with unexpected medical bills. Of course, they can also be used to fund a range of other activities, such as starting or expanding a business or renovating a home. However, before applying for a personal loan, it is essential to understand how they work.

Consider the following loan risks when making the appropriate changes, as they may hamper your efforts to build your wealth and financial net worth.

High interest rates

A high-interest loan has an annual percentage rate (APR) above 36%, which most consumer advocates consider to be the highest acceptance rate. High interest loans are available from online and physical lenders who provide quick cash and simple applications, often without requiring a credit check.

Since most personal loans are not secured by collateral, lenders view them as riskier investments. As a result, they often have higher interest rates. Personal loans, in general, have higher interest rates than secured loans like home equity loans and home equity lines of credit, as well as small business loans and other types of loans.

Fixed versus variable

When it comes to personal loans, the interest rate influences both the monthly payment and the overall cost of the loan. Therefore, it is essential to understand your interest rate and whether it is fixed or variable. Variable interest rates may seem attractive due to their low starting points. However, they have the potential to grow over time, making your loan unaffordable.

Before getting any form of loan, it is essential to properly investigate the Annual Percentage Rate (APR), which calculates the final cost of the loan. The higher the APR, the more interest and borrowing fees you will have to pay over the life of the loan.

Interest rate estimates

Since personal loans are unsecured, lenders place a premium on your credit score when determining your ability to repay the loan. People with good credit, defined as a FICO score of 760 or higher, generally qualify for lower APRs on personal loans than people with lower credit scores.

If your credit score is below 670, you have a subprime credit score, which makes getting a competitive APR — and repaying a loan in full on the terms — that much harder.

Fortunately, the interest rate on a personal loan is determined by factors other than your credit score. Lenders generally prefer a constant source of income and a low debt-to-income ratio. If you’re worried about getting stuck with a high interest rate, now might be the time to work on improving your credit.

High fees and penalties

Origination fees are one of the disadvantages of a personal loan. the assembly costs is separate from the interest rate on the loan. It is a loan account payment based on the percentage of the total loan amount.

This number could be anywhere between one and six percent. Therefore, origination fees can significantly increase the cost of a personal loan. When you receive a personal loan, you may be required to pay the following fees:

  • Application fees.
  • Loan origination fees.
  • Penalty for early payment.
  • insufficient funds (NSF).
  • Late penalty.

Be sure to discuss the charges with your lender so that you are fully informed. It’s a good idea to find out the costs of your loan in advance, as this will help you determine if the overall repayment is worth it.

Also check to see if any fees can be waived – you’d be shocked at what you might have waived if you do some research and talk about it (do some research online or talk to friends and family to see how others were able to obtain a fee waiver). A personal loan has several major drawbacks, including transaction fees, late payment fees, and origination fees.

Credit damage

A significant disadvantage of a personal loan is that if you are unable to make payments on time or fall behind in your payments, your credit score will suffer. Personal loans are generally unsecured, which means they do not require collateral, such as a house or car, in the event of default.

On the other hand, the loans are secured by your commitment to repay the lender. On the other hand, some personal loans are secured by collateral, such as a savings account or certificate of deposit. Borrowers usually take out secured personal loans to increase their chances of qualifying for a favorable interest rate, especially if their credit is not excellent.

If you repeatedly skip payments on unsecured and secured loans, your credit history may suffer. A single late payment, for example, can drop your credit score by 100 points, from “very good” to “average”. If you continue to miss payments, your credit score could suffer further.

Firm verification

Applying for a personal loan triggers a thorough investigation, which can impact your credit score and stay on your credit report for two years, but it’s a necessary step in the process for the vast majority of loans. Late or missed loan payments will almost certainly have a negative influence on your credit score.

Set up automated bill payment if you have trouble remembering due dates. (Using a smartphone app makes the process easier.) Once you sign up and establish that you have enough money in your account to cover your payments, your payment issues will take a back seat and your payments will be processed in time. You can also use cash advance apps to help you repay your personal loans to increase your credit score.

Preventive actions

Before applying for a personal loan, you should assess your financial situation and consider the following.

  • Are you able to make your loan repayments? Check your monthly budget to make sure your calculations are correct.
  • Consider your schedule; if you can wait, consider saving the same amount of money each month that you would have paid on a personal loan until you have enough money to cover major expenses.
  • Do you have a high enough credit score to qualify for a low interest rate? Otherwise, consider improving it before applying for a loan.

Now that you know what a personal loan includes, go ahead, shop around, research, and assess your needs and wants. Your bathroom remodel or your ideal vacation could be just around the corner.

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Startups should look at debt, not just venture capital funding https://draftgore2008.org/startups-should-look-at-debt-not-just-venture-capital-funding/ Wed, 27 Apr 2022 05:40:27 +0000 https://draftgore2008.org/startups-should-look-at-debt-not-just-venture-capital-funding/ Three years ago, I met another venture capitalist in Jakarta to talk about startups in emerging markets. We talked about various sectors and business models. “But when these companies talk about monetization, they’re all lending companies,” he noted. He was right. Roadmap and monetization slips into many starter decks, even if they don’t lend strictly […]]]>

Three years ago, I met another venture capitalist in Jakarta to talk about startups in emerging markets. We talked about various sectors and business models. “But when these companies talk about monetization, they’re all lending companies,” he noted. He was right. Roadmap and monetization slips into many starter decks, even if they don’t lend strictly to fintechs, some form of lending has been talked about.

It seems that startups are coming to the same conclusion as GM and other American automakers in the 1930s: there’s more money to be made financing cars than selling them outright.

Do you have data on your customers’ inventory levels and flows? Let’s consolidate inventory financing. Carriers struggling with working capital to fund fuel costs? Try working capital financing.

Bundling loan products to facilitate consumer spending is common in most industries, and technology is no exception. After all, no company would turn down an opportunity to get more of the customer’s wallet and retain them.

The article continues after this announcement

But tech companies are equity-backed, and raising equity is an expensive way to fund loans. This is because most venture capitalists expect explosive growth and returns, not those that can be obtained by lending at a reasonable rate. So, as startups evolve and grow in financing products, they will need to access debt to continue making loans themselves.

What types of debt exist for startups? These are the categories:

Asset based loans

A receivables loan is one of the easiest ways to fund a business with a financial product. The lender assesses the quality of the debt, ie the probability of timely repayment, and advances a facility on which the borrower draws if necessary. Commonly known as a revolver, these facilities offer flexibility to the borrower, but can be more expensive than a standard term loan on an annualized basis.

For fintechs or other startups offering loan products, the primary claim is the collection of loans they have made to customers that will be repaid. A “loan tape” shows all data on the loans they have made and tracks repayments. If the business goes bankrupt, the lenders have the right to recover the borrowed amount by staking their claims on the secured loans.

Corporate debt

More mature companies can often access a wider variety of debt instruments, including term loans, convertible notes, and traditional venture capital debt. These instruments are sometimes less expensive than asset-based revolvers, and lenders typically focus on the company’s ability to repay the loan with cash flow, rather than the valuation of balance sheet assets.

In debt parlance, this reflects a shift from underwriting a specific asset to underwriting the entire company. In some cases, subprime credit facilities also contain warrants – the lender’s right to convert their debt into equity – which can become very valuable if the value of the business appreciates significantly. Therefore, venture debt providers, unlike other debt providers, often focus on the total enterprise value and growth potential of the business.

In fact, many subprime debt providers count on warrants to generate fund returns, especially when lending to very young startups. Young startups sometimes fund themselves through convertible notes, which are effectively equity instruments disguised as debt. So while convertible notes and venture capital debt are available to early stage startups, investors know full well that they are trying to get a share of the future equity value of the business.

Revenue-Based Funding

A new class of digital lenders lends against the future revenues of businesses in the digital economy. Lenders in this category include Clear.co, Pipe, CapChase, and Uncapped, among others, as well as capital provided by Shopify, Square, and Stripe.

This product is not new – the merchant cash advance has been a staple for centuries. What has changed now is that the lender can connect directly to the borrower’s accounting and financial data, allowing for a quick credit assessment and quick loan execution. The disadvantage of such financing is the cost to the borrower. Annualized rates on merchant cash advances exceed 50% in certain circumstances.

Debt for emerging market startups

While venture capital activity in emerging markets has exploded, debt capital, particularly non-corporate debt, remains relatively scarce. Take Pakistan. Although venture capital has boomed over the past three years, startup debt barely exists. Since even non-fintech startups want to provide financial products, the demand for loan capital will explode over the next five years. For now, this is an unmet need.

Will debt disrupt venture capital?

To be fair, startup debt has only recently begun to gain mainstream attention, even in developed markets. Venture capital debt reached $33 billion last year in the United States. That’s still only a tenth of the $330 billion in equity that venture capitalists deployed in the US last year (keep that 10x ratio in mind for later).

Simultaneously, the meteoric rises of revenue-based funding startups (Pipe, Clear.co, etc.) have led many to predict an increase in debt funding for startups this century. Here’s a great summary of available debt options created by a16z, and one that eloquently argues for the incoming wave of debt. The summary: Startups with a good product-market fit, a repeatable sales process, and a growing cohort of users may benefit more from debt financing than traditional venture capital (equity). The cash flows of startups with predictable, recurring revenue are remarkably similar to the cash flows of mortgages: largely predictable and consistent. The analogy has its limits, but there’s no reason tech companies with recurring revenue can’t also access debt.

Who is building this in emerging markets?

Assuming the multiple of 10 from earlier, the $300m in equity funding for Pakistani startups should result in a demand for $30m in risk debt, which is a subset of the $300m in equity funding for Pakistani startups. entire debt market for startups. It’s not a lot, but I expect the demand for debt to be higher given the lack of debt products of any kind in the market. As the startup ecosystem grows, debt providers will need to step up their efforts.

But Pakistan is only a small part of the emerging markets venture capital ecosystem. The total debt demand for emerging market startups is easily a few billion dollars a year. And that will only accelerate in the next five years.

So who builds this?

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HECM for purchase https://draftgore2008.org/hecm-for-purchase/ Tue, 26 Apr 2022 02:24:42 +0000 https://draftgore2008.org/hecm-for-purchase/ A reverse mortgage is a loan that allows homeowners aged 62 or older to tap into the equity in their home without selling their home or increasing their monthly expenses. Although these loans are often used to cover basic living expenses and medical expenses, it is possible to use a “HECM to Purchase” reverse mortgage […]]]>

A reverse mortgage is a loan that allows homeowners aged 62 or older to tap into the equity in their home without selling their home or increasing their monthly expenses. Although these loans are often used to cover basic living expenses and medical expenses, it is possible to use a “HECM to Purchase” reverse mortgage to purchase a new home. Here is a brief overview of how a HECM Reverse Mortgage for Purchase works.

Key points to remember

  • A reverse mortgage allows homeowners aged 62 or over to access the equity in their property to pay for expenses such as basic living expenses and healthcare costs.
  • Instead of paying a lender each month, the lender pays you a certain amount based on the equity you have built up in your home.
  • The entire loan balance becomes due if you sell the home, move house, fall behind on property taxes, or die.
  • A home equity conversion mortgage (HECM) is the Federal Housing Administration’s reverse mortgage program.
  • A HECM to Purchase is a reverse mortgage that you can use to purchase a new principal residence.

What is a Reverse Mortgage?

After paying off your mortgage diligently for years (or decades), a large portion of your net worth could be tied to the value of your home. It can be a tricky financial situation for seniors trying to pay for day-to-day expenses, medical bills, home repairs, or anything else.

However, homeowners age 62 or older can convert some of their home equity into cash through a reverse mortgage. Instead of making payments to a lender, the lender pays you based on the equity in your home. Over the term of the loan, your debt increases while the equity in your home decreases. Eventually, when you sell, move or die, the proceeds from the sale of the home are used to pay off the loan.

What is a HECM?

A Home Equity Conversion Mortgage (HECM) is a reverse mortgage program insured by the Federal Housing Administration (FHA) and available through FHA-approved lenders.

The amount of money you can borrow through a reverse mortgage depends on the age of the youngest borrower, current interest rates and the lesser of the appraised value of the home, the HECM mortgage limit FHA ($970,800 in 2022) or sale price (applicable to HECM for purchase loans only).

HECMs account for the bulk of reverse mortgages lenders offer on homes worth up to $970,800 – beyond that, you’ll need a jumbo or “homeowner” reverse mortgage.

What is a HECM to buy?

A HECM to Purchase is an equity conversion mortgage that you can use to buy a home. Like standard HECMs, the age limit of 62+ applies, and you don’t have to repay the loan until you sell the house, move out, die, or default on the loan ( for example, behind on your property taxes or home insurance).

The home you purchase with the proceeds of a HECM for purchase must be your primary residence that you occupy within 60 days of loan closing.

HECM for purchase closing costs are higher than other reverse mortgages. They include an initial mortgage loan insurance (MIP) premium equal to 2% of the value of the property, as well as various lender and third party fees such as loan origination fees, title insurance, registration fees. assessment, credit report fees and registration fees.

Unlike a regular HECM, you will also need cash to cover a large down payment. Overall, your upfront costs could be between 29% and 63% of the purchase price of the home, depending on your age.

For HECM loans to purchase, you must pay the difference between the HECM loan proceeds and the sale price of the home, plus closing costs.

Funds can come from your savings or from the sale of your old home or personal assets (e.g. stocks), but you cannot use “gap financing” or other types of bridge financing such as a credit card cash advance or vendor financing.

Here are some examples showing the minimum down payment required for a HECM loan for purchase, according to the National Reverse Mortgage Lenders Association:

HECM for purchase deposit examples
Purchase price Down payment — age 62 Down payment — age 67 Down payment — age 71 Down payment — age 75
$350,000 $199,100 $187,700 $181,500 $172,650
$375,000 $222,150 $209,400 $202,250 $192,500
$425,000 $251,000 $236,500 $228,500 $217,500
$465,000 $273,600 $257,800 $249,000 $237,000

HECM for properties eligible for purchase

Any home you buy with a HECM for purchase must meet FHA property standards and flood requirements. Eligible property types include:

  • Single-family homes (properties with one to four units)
  • Manufactured houses (built after June 1976)
  • Condominiums
  • Properties in Planned Unit Developments (PUD)
  • Townhouses
  • New construction homes with a certificate of occupancy (CO) issued at closing

Can I use a reverse mortgage to buy a house?

Yes, you can use a HECM Reverse Mortgage for Purchase to purchase a principal residence. To qualify, you must be at least 62 years old and have cash to cover the down payment and closing costs.

What is the difference between a HECM and a reverse mortgage?

A reverse mortgage is for homeowners aged 62 and over who want to tap into the equity in their home without selling or moving. A Home Equity Conversion Mortgage (HECM) is the Federal Housing Administration’s (FHA) reverse mortgage program, which accounts for the bulk of the reverse mortgage market. HECMs are the only federally insured reverse mortgages.

What are the age restrictions for getting a reverse mortgage?

Homeowners must be at least 62 years old to qualify for a home equity conversion mortgage (HECM), the most common type of reverse mortgage. However, some exclusive (“jumbo”) reverse mortgages are available to homeowners from the age of 55.

The essential

Reverse mortgages, including HECM loans for purchase, involve substantial costs, making them a poor choice for many seniors. Some less expensive options include mortgage refinancing, home equity loans, or downsizing and pocketing the extra proceeds.

Still, if you decide a reverse mortgage is right for you financially, shop around to compare the costs. Mortgage insurance premiums are generally the same for all lenders, but expenses like loan origination fees, closing costs, service charges and interest rates tend to vary.

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7 Credit Card Fees You Should Never Pay https://draftgore2008.org/7-credit-card-fees-you-should-never-pay/ Mon, 25 Apr 2022 18:09:00 +0000 https://draftgore2008.org/7-credit-card-fees-you-should-never-pay/ There are a handful of fees associated with owning a credit card. While most people find credit cards a great way to build credit or join rewards programs, others are caught in a revolving door of fees. 1 There are a handful of fees associated with owning a credit card, many can be avoided While […]]]>

There are a handful of fees associated with owning a credit card.

While most people find credit cards a great way to build credit or join rewards programs, others are caught in a revolving door of fees.

1

There are a handful of fees associated with owning a credit card, many can be avoided

While these unwanted charges can be alarming, they can also be avoided.

These are seven of the most common credit card charges you should never pay.

1. Annual subscriptions

An easy way to avoid paying an annual fee is to apply for a credit card that doesn’t have one.

Americans with Visa or Mastercard will pay an extra $700 a year starting this month
I'm a money expert - here's how to get your money back after bad service

There are many cards that offer great benefits with no annual fee.

These cards with no annual fee are suitable for those who plan to use it occasionally.

For those who want credit cards with high rewards programs, issuers offer great rewards by charging fees.

So if you want these types of programs, fees will be unavoidable.

You can just ask for it to be deleted – it doesn’t always work, but ask and you may receive.

2. Financial charges

A finance charge is the cost of borrowing money.

This usually includes interest and any other additional charges associated with the card if you carry a balance each month.

It can also be called annual percentage rate (APR) and is based on a few different factors.

To avoid this fee, consider paying the balance in full if you can afford it.

Due to the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009, credit cards are required to give you a grace period.

The minimum grace period is 21 days, and issuers must give cardholders at least that much time before interest can be accrued.

Another way to avoid finance charges is to choose a card with 0% APR on purchases.

Most cards like this offer 0% APR as an introductory period for up to 12 months, then a standard rate will normally apply after that period.

3. Balance Transfer Fee

Generally, when you transfer a balance from one card to another, you will be charged.

These fees end up adding more to your debt and should be considered when applying for cards.

Balance transfer fees are usually around 3% to 5% of the transferred amount.

Another great option is to join a credit union.

Often their credit cards have great balance transfer offers and some don’t charge a fee to transfer your debt to one of their cards.

4. Late fees

Late fees are a very common mistake made by credit card users.

This happens when you don’t make the required minimum payment.

Not all credit cards will charge you a late fee for a missed payment, but most do and it can end up impacting your credit score.

Or, they may charge you what’s called an APR penalty and may be higher than your card’s current variable APR, which may cost you even more than a late fee.

An APR penalty can be worse and last for several months until you have made regular payments on time or indefinitely.

This can be avoided in a number of ways, but the best way to avoid it is to pay your bill online and then set up automatic payments.

5. Overlimit Fee

Overlimit charges occur when the cardholder spends more than their limit and is then penalized.

The fees are between $25 and $35.

However, the CARD Act of 2009 prohibits an issuer from charging an overlimit fee more than once during a billing cycle.

Additionally, an issuer must give you the opportunity to authorize charges above your limit before charging you a fee.

These charges can be avoided by not making any purchases that cause you to exceed your credit limit.

6. Cash advance fees

If you withdraw money from an ATM using your credit card, you will most likely have to pay a cash advance fee.

You will be charged a fixed fee or a percentage of the amount you withdraw.

You may also be charged interest often at a higher rate than the standard purchase APR on your credit card.

Moreover, the ATM may even charge you a fee.

Here are some ways to try to avoid these fees:

  • Create an emergency fund
  • Borrow from family or friends, if possible

7. Card Replacement Fees

Accidents happen.

Credit cards can be stolen, lost, or damaged, and depending on your issuer, you may need to pay for a new one.

Most places will issue you a new card for free the first time, but if you’re in a rush and need it right away, you might be charged an expedited fee.

A great way to avoid these charges is to upload your credit card to your digital wallet.

If you plan to travel, always have a backup payment plan.

Depending on what happened to your card, you can always ask your issuer to waive the charge.

If your card was damaged and you don’t have to cancel your account, they might be more inclined to waive the fee for you.

Find out how the

This credit expert offers seven tips to boost your credit score.

Additionally, millions of Americans could see their credit scores jump 100 points after reporting a change.

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Avs and the Presidents Trophy, the Broncos draft and a trade with Arenado Bryant https://draftgore2008.org/avs-and-the-presidents-trophy-the-broncos-draft-and-a-trade-with-arenado-bryant/ Mon, 25 Apr 2022 16:40:55 +0000 https://draftgore2008.org/avs-and-the-presidents-trophy-the-broncos-draft-and-a-trade-with-arenado-bryant/ April 24, 2022; Winnipeg, MB, CAN; Colorado Avalanche center Ben Meyers (59) is chased by Winnipeg Jets center Jansen Harkins (12) in the first period at the Canada Life Center. Mandatory Credit: James Carey Lauder – USA TODAY Sports Hit a: The good news? It doesn’t look like the Colorado Avalanche will win their second […]]]>
April 24, 2022; Winnipeg, MB, CAN; Colorado Avalanche center Ben Meyers (59) is chased by Winnipeg Jets center Jansen Harkins (12) in the first period at the Canada Life Center. Mandatory Credit: James Carey Lauder – USA TODAY Sports

Hit a: The good news? It doesn’t look like the Colorado Avalanche will win their second consecutive President’s Cup for finishing with the most points in the NHL in the regular season. Everyone knows that winning this prize is pretty much a guarantee that you won’t win the prize that matters, the Lord Stanley Cup. So there is this.

The bad news is that the Avs — who looked like a juggernaut a few weeks ago and were running away with the points in the lead — have now lost four straight games for the first time in more than two calendar years. They seem to have lost their mojo. (Meanwhile, the hot-blooded Florida Panthers have passed Colorado for that points lead and the curse that comes with it.)

It’s been a long and grueling season for the talented Avalanche, and it’s understandable that he gets caught in the run up to the playoffs. But it really is a bad time to fall into a crisis of any kind. Perhaps the worst time, in fact.

Despite a stellar performance by goaltender Darcy Kemper (with some bad luck), Colorado’s fourth straight regulation loss came at the hands of the lowly Winnipeg Jets, when the tired and flat Avs left a 1- 0 in the third period turn into a 4 -1 setback. Losses in this four-game series also include a loss to expansion Seattle Kraken.

Momentum is a real and powerful thing. Right now, this Avs team doesn’t have one.

There are three games left on the schedule, including two at home. This would be the perfect time to put the switch back in the “on” position. Can they? They would do better.

No matter who the Avs meet in the first round of the playoffs — which is expected to begin a week from Monday — they’ll have a fight to fight. If the playoffs started now, the opponent would be the Dallas Stars, who have won two of the teams’ three meetings this season. The number eight seeds have knocked out the top seeds many times, including in 2017 when the eighth-seeded Nashville Predators swept the top-seeded Chicago Blackhawks.

This. Could. Arrive.

The best way for something bad not to happen, and for this Colorado team to complete its mission and win the franchise’s third Stanley Cup (and the first in more than two decades) would be to make the playoffs. playoffs on some sort of hot streak, playing their best hockey, not their worst. Maybe they can gain momentum by winning the first round? It’s not a lock, but it hasn’t really been a problem for the Avs in recent years. They swept St. Louis last season. But whatever momentum they had after that, it didn’t last. What followed was a heartbreaking setback in Las Vegas, which happened after Colorado took a 2-0 series lead.

Lesson learned? We are about to find out. This is a team that is time now. There should be no more excuses.

Now may not be the time to panic, but the calendar says it’s time to worry.

Strike two: The Denver Broncos’ first selection in the upcoming NFL Draft will be in the second round (No. 64 overall, but you already knew that.) It’s a round with a mixed story here.

There was a time when this number two selection seemed bewitched. Names like Dwight Harrison, Kurt Knoff, William Gay and Andre Townsend don’t move the needle. Names like Shane Dronett, Allen Aldridge, Ian Gold and Tony Scheffler bring smiles and “Oh, I remember him”. They didn’t know the difference.

Mention the names of Tim Crowder, Rahim Moore, Eddie Royal and Robert Ayars, and Bronco fans are likely to shake their heads and be disappointed, even though these players have had great careers overall. Mention Brock Osweiler (2012) and you’ll probably get a blank stare. Mention Montee Ball (2013) and the word “bust” will almost come out of many mouths at once.

There were also big busts like Charles Smith, Clay Brown, Orlando McDaniel and Paul Toviessi (perhaps the biggest Broncos draft bust of all time).

Over the years, standout players like Barney Chavous, Rob Lytle, Vance Johnson and Clinton Portis have all been selected in the second round. So there are solid players like Gerald Perry, Mark Cooper, Doug Widell and Glyn Milburn. Tatum Bell was a good second-round pick. Zane Beadles too.

The late Darrent Williams, victim of a tragic shooting on New Year’s Eve 2006, was the second-round pick in 2005. Most believe he was destined for stardom as a defensive back, but we won’t know. never.

The Broncos’ recent history with second-round picks is pretty damn good, all things considered. Courtland Sutton (2018), Dalton Risner (2019), KJ Hamler (2020) and Javonte Williams (2021) all currently wear predominantly orange and are major contributors. This says a lot about the preliminary assessment process. Drew Lock was also a 2019 second-round pick of course, and he helped bring Russell Wilson to town. After spending four seasons in Denver, 2017 second-round pick DeMarcus Walker was a member of the Houston Texans last season and is now a free agent. Adam Gotsis also spent four seasons in Denver, and the last two in Jacksonville. Former CSU Ram Ty Sambrailo (2015) found his footing in Atlanta after spending two seasons as a Bronco (and the last two in Tennessee).

No other Broncos second-round picks remain active in the NFL.

Surprisingly, even though there are 34 members of the Denver Broncos Ring of Fame, none of them were chosen in the second round.

Players like Sutton and Javonte Williams hope to change that in the future. To do this, the team’s fortunes on the pitch need to improve a lot. Another solid second-round pick this year could help further that cause.

Strike three: The trade that sent Nolan Arenado to the St. Louis Cardinals will never be considered anything short of a disaster by anyone anywhere. Southpaw Austin Gomber could win 20 games and the Cy Young and Colorado Rockies still haven’t gotten enough of a return for the future Hall of Famer. That’s not even mentioning the $50 million cash advance sent to St. Louis with those eight golden gloves.

It was a terrible job, period. But in the end, there’s a weird symmetry here. Things can unfold to the satisfaction of everyone involved.

In 2013, the Rockies hoped to sign a young infielder from Las Vegas through the University of San Diego named Kris Bryant. Colorado had the third selection in the draft, and the projections had Bryant as the pick. But the Chicago Cubs – owners of the No. 2 pick – surprised everyone by nabbing Bryant. The Rockies went with Plan B, pitcher Jon Gray.

The Rockies drafted Arenado out of high school in 2009, but it was that same 2013 season that he made his big league debut and won the first in his collection of gold gloves. Bryant made his Cubs debut in 2015. The two played in the same position for the next several seasons (although Cubs manager Joe Maddon began moving Bryant around the field in 2019 when he recorded the lowest fielding percentage among NL third baseman) and were considered rivals for “the best third baseman in MLB” at the time.

While Arenado collected Gold Gloves and Home Run titles in the National League, Bryant won the NL MVP award and a World Series ring in 2016.

Imagine if the two had been members of the Rockies? Almost arrived.

That’s clearly what Rockies owner Dick Monfort wanted. He coveted Bryant so much that as soon as it was mentioned that Arenado wanted to leave town, the only trade Monfort was going to agree to was a straight deal between Bryant and Nolan with the Cubs. But Chicago didn’t cooperate (maybe Arenado’s mega-deal scared them off?) and the decision that would have made sense never happened.

Instead, Nolan was traded to the Cubs’ arch-rival Cardinals before last season, and Bryant — in the final year of his contract — was sent to San Francisco before the trade deadline. He was in the last year of his contract.

Heading into 2022, the Cubs opted to start a rebuild with younger, cheaper prospects (and so far, so good on that score) while Monfort and the Rockies were finally able to bring in their man in the free agent market after clearing (most of) Nolan and Trevor Story’s salary is off the books.

So things seem to be working for everyone involved. Arenado got off to a flying start in St. Louis and is an early contender for NL Most Valuable Player this season. The Cubs are doing well with their new core of youngsters, and the Bryant era in Colorado is also off to a good start. In this case, the trade that didn’t happen still makes a lot more sense than the one that did.

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