tyb and kek on bread title
can ya help a nigga out with this?
Not a skill of mine by long shot, throw some head's on these guys if you have some time?
would appreciate it
give it a rest anon. You had your say last week. There are other places and way's to do this now.
Italy's deputy PM says Alitalia bid deadline is Tuesday
(this airline is totally supported by the gov't so it's a bit of a big deal for them)
WARSAW (Reuters) - The deadline for bids to take part in a plan to rescue Italian flagship carrier Alitalia is next Tuesday, Italy’s Deputy Prime Minister Luigi Di Maio said on Sunday.
Some newspapers on Sunday said Rome would have to put back the deadline for bids, perhaps until after European elections.
The state railway operator Ferrovie dello Stato and U.S. carrier Delta Air Lines are ready to contribute to a new rescue bid worth around 1 billion euros, but there is still a shortfall of around 400 million euros.
Speaking on the sidelines of a conference in Warsaw, Di Maio said the government had received no formal bids for Alitalia from motorway operator Atlantia, infrastructure company Toto Holding or any other groups.
“We’ll see in the next few days if there are any formal bids,” he said.
https://www.reuters.com/article/us-alitalia-m-a-dimaio-idUSKCN1S40II
going to stay out of this one but can say that Mr Vaus spends most of his time promoting his daughter as a singer. Very little shit get's done by that man. He has this ability to show up and glad-hand at every opportunity, he is not well liked by any mean's. Some like him but are unaware of his ineffectiveness.
Also a rude SOB as he does not take that hat off when entering a bldg. "All hat and no cattle"
I will say that the infrastructure is better than SD proper but that is about all I can add.
The former mayor Rexford was also a piece of work too. She took resources away from the big fire in 2007 and had them stationed at here personal residence, among some shady bank issue's with the Poway School districts starting in 2008 when this piece of shit was approved.
Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools
After putting together a bond that will cost taxpayers almost 10 times what they borrowed, the Poway Unified School District has become California’s poster child for a form of exotic financing.
Last year the Poway Unified School District made a deal: It borrowed $105 million from investors to fund a final push in its decade-long effort to revamp aging schools.
In many ways, the deal was unspectacular. Some of the money was used to pay off previous debts from delayed and over-budget construction projects. The rest went towards finishing upgrades that Poway taxpayers had been promised as far back as 2002. To a casual observer, it was just another school bond.
But Poway Unified’s deal was far from normal.
In 2008, voters had given the district permission to borrow more money to finish its modernization, and they had received a big promise from the elected school board in return: No tax increases.
Without increasing taxes, the district couldn’t afford to borrow money in the conventional way. So, instead of borrowing from investors over 20 or 30 years and paying the debt down each year, like a mortgage, the district got creative.
With advice from an Orange County financial consultant, the district borrowed the money over 40 years in a controversial loan called a capital appreciation bond. The key point for the district: It won’t make any payments on the debt for 20 years.
And that means the district’s debt will keep getting bigger and bigger as interest on the loan piles up.
The bottom line: For borrowing $105 million in 2011, taxpayers will end up paying investors more than $981 million by 2051, or almost 10 times what the district borrowed. That’s wildly more expensive than a typical school bond, in which a district pays back two or maybe three times what it borrowed.
As well as being expensive, capital appreciation bonds work by tapping future growth in property values to pay today’s debts, a concept considered by many in the school bond business to be both risky and inequitable. In 1994, the state of Michigan banned school districts from issuing bonds like this, deeming them too toxic to taxpayers.
Nevertheless, California’s ever-strapped districts have increasingly looked to capital appreciation bonds to raise money for improvements without increasing taxes on current residents. Across the state, districts have borrowed billions this way, using exotic financing to shift the burden for paying for today’s school construction to future generations of Californians.
Poway Unified, a district more accustomed to praise for its fiscal austerity, has found itself at the center of the debate over these bonds. For a year now, it’s come under fire from taxpayer groups and concerned elected officials around the state, for whom Poway’s bond has reached legendary status.
“This is way worse than loan sharking,” said Michael Turnipseed, executive director of the Kern County Taxpayers Association in central California, which has lobbied the state Legislature to tighten laws on school district borrowing. “And Poway is the poster child. What they have done is absolutely insane.”
https://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-1-billion-poway-schools/