1st of a 3-Part Series: Time to Remember Abe Lincoln

The Middle East is in crisis. A government shutdown over the debt ceiling looms. Public sector unions are fighting in states across the country. But gratefully, and with impeccable timing, author and historian Lewis E. Lehrman emailed me three articles, stories that elegantly and graciously remind us how our leaders pulled our country through even darker days. This is the first of a three-part series.

This piece about President Abraham Lincoln’s patriotism by Mr. Lehrman first ran in the Stamford Advocate on February 12, 2011. Mr. Lehrman is co-founder of the Gilder-Lehrman
Institute of American History and author of “Lincoln at Peoria: The Turning Point” (Stackpole Books, 2008).

I cede the floor to Mr. Lehrman:

President-elect Lincoln made very few public remarks before departing Springfield, Ill.,
for Washington for his inauguration in 1861. On Nov. 20, 1860, however, Lincoln
addressed some very brief comments to supporters in Springfield. He urged them
“neither express, nor cherish, any harsh feeling towards any citizen who, by his vote, has
differed with us. Let us at all times remember that all American citizens are brothers of a
common country, and should dwell together in the bonds of fraternal feeling.”

Lincoln’s concern was catholic.

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Multi Family Foreclosures and Budget Cuts Affect Housing Programs

Although single family and multi family foreclosures are not as high in Nebraska as in other U.S. states, they still have some impact on the various sectors of the region. Just like other areas of the country, Nebraska is also dealing with the impact of the recession and has instituted a number of public financial adjustments to cope with the difficulties.

The problem of foreclosures in Omaha and in the whole state might not be as severe as in other areas, but the region also faces issues regarding homelessness. Programs designed to provide affordable housing to families in the low income bracket have been put in place in the state, but current budget allocation changes will likely diminish the funds reserved for these programs.

In Lincoln County, local officials are bracing for the impact of budget cuts as reports have trickled out that more than $3 million of financing reserved for the Nebraska Affordable Housing Trust Fund will be reallocated to economic development initiatives. The news has worried some housing advocates who are trying to help homeless people who lost their properties to foreclosures in Nebraska.

Along with the issue of single family and multi family foreclosures, housing advocacy groups and local agencies are facing further problems related to housing this year, local advocates have stated.

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It is true that anything good in life does not come easy. So, too it’s not all that easy for businesses to find a loan. A federal government agency too offers grants to businesses that are non-profit organizations or are into developing new technology. It is true that the SBA offers loan programs in partnership with community development organizations, local-lenders and micro-lending institutions.

Businesses find SBA backed loans with lenders having a partnership with the SBA. The lenders can be micro-lending institutions, community development organizations, local lenders as well as agencies that have a specialization in short-term commercial loans . The best thing about SBA loans is that it offers guarantee in the event of non-payment by borrowers.

The basic 7(a) loan and “504” loans fall under the category of SBA loan programs. They are delivered through Certified Development Companies (CDCs) for the sake of acquiring machinery, real estate and equipment. There are also the 7(m) Micro-loans of up-to $35,000 and the post disaster recovery and assistance loans.

Small businesses can become eligible for receiving assistance from state and local agencies depending on where the small business is being established, workspace, administrative support, training, tax incentives and reduced rates on existing office and workspace. Also,

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BEIJING -(Dow Jones)- Global miners have started direct negotiations with individual Chinese steelmakers for 2011 annual iron ore prices, and are pressing for monthly index-linked iron ore pricing, the special consultant to the quasi-official China Iron & Steel Association said Thursday.

The iron ore pricing system is “unfair and monopolistic,” Luo Bingsheng said during a regular association press briefing.

One of the major miners, BHP Billiton (BHP.AU), recently raised ore offer prices to $188 a metric ton from $155/ton and didn’t give customers any chance to argue, according to CISA.

Last year, global miners switched to a quarterly pricing system for iron ore in talks with Chinese steelmakers, abandoning a 40-year-old annual benchmark pricing on the back of rising demand for the raw material and volatile global commodity prices.