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The cautionary tale of the man who borrowed $120m with interest rates of up to 72 per cent
2025-04-18 02:45:04| Spiritual Career Counseling
In February, the Australian Securities and Investments Commission launched a discussion paper looking at whether further regulation of the private credit market is needed.ASIC will continue to place a strong focus on the private lending industry, a spokesman for the regulator said. There are well-founded concerns around the lack of disclosure and information around valuations of private assets.As if to show its teeth, last October ASIC launched legal action against one specialist lender, Oak Capital, for allegedly arranging loans designed to avoid consumer credit protections.Central to the regulators case is that a loan to a company rather than an individual does not offer the same protection as a mortgage, thereby denying the borrower the right to make a hardship application or any protection from excessive fees and interest.Oak Capital has denied the allegations, and the matter is set to play out in court in coming months before Justice Anderson.But as private credit has boo...
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Employment
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Democratic prosecutor in crime-torn Albuquerque launches bid for New Mexico governor
2025-04-17 15:45:03| Spiritual Career Counseling
SANTA FE, N.M. (AP) A Democratic district attorney in the eye of New Mexicos tempest over crime and accountability launched his candidacy for governor Thursday as the National Guard prepares to deploy to the states largest city to shore up public safety.Albuquerque-based District Attorney Sam Bregman the father of Major League Baseball star Alex Bregman of the Boston Red Sox is touting his crime-fighting credentials in a city plagued by gun violence as he vies for the party nomination against former U.S. Interior Secretary Deb Haaland. No Republican has entered the race yet, with Gov. Michelle Lujan Grisham set to term out of office at the end of next year. Candidates for governor have a February 2026 registration deadline.Persistently high rates of violent crime in Albuquerque and New Mexico far exceed the national average, and residents were left reeling most recently by a litany of fatal shootings involving youths. But many voters are no longer shocked and see it more as a c...
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Employment
Around the Southland: Scholarships for D230 color guard, pierogi in Oak Forest, more
2025-04-17 15:45:03| Spiritual Career Counseling
District 230 color guard seniors earn scholarshipsThree District 230 competitors at the Midwest Color Guard Circuit Championships held at Andrew High School in Tinley Park have received scholarships.Stagg High School seniors Nicole Rudnik and Evelyn Dalton, and Andrew High School senior Sophia Fontana earned the scholarships, which recognize seniors who have strong community service records, outstanding academics and excellence in co-curricular activities.Students vying for the scholarships submitted an application and three letters of recommendation, one of which was from their winter guard director.As part of winter guard, students compete during performances that incorporate dance, flags or prop rifles and choreography. The indoor color guard sport and performance art has its roots in military ceremonies.Pierogi, kolaczki sold at Lutheran ChurchHomemade pierogi will be sold from 10 a.m. to 3 p.m. April 12 and noon to 2 p.m. April 13 at Lutheran Church of the Resurrection, 15050 Cent...
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Employment