Flood of cash can cease literal flooding in our neighborhoods

We have followed (the) excellent coverage of the Journal on the Infrastructural Legislation of Congress and the legislative coincidences of NM that might contribute to it. The city’s decade plan for investment improvement projects should also be included in this conversation.

One need that usually remains in the shadows is flooding. (The Sunday Journal of September 5) mentioned the flooding in Rio Rancho.

Well, we’ve had 7 floods here in the heart of Albuquerque Council District. They have invaded homes and flooded sizable lots in the Mile Hi and Pueblo Alto neighborhoods.

Mile Hi, where we live, suffered two severe and somewhat frightening floods in less than a month, one on May 31st and a second on July 20th.

Now every time we hear thunder we worry that an even worse event might rush through our streets. We have entered an age of climate change, which in our case is being driven by monsoon humidity.

The leaders of the McDuffie-Twin Parks neighborhood, which includes Twin Parks City Park, spent nearly four years fending off a joint attempt by the City / AMAFCA to build a giant rainwater catchment pit in their magnificent Twin Parks City Park. This is an example of a misdirected flood control strategy targeting more than a dozen green spaces in the NE Heights, including Twin Parks, Alvarado Park, Jerry Cline Park, Mark Twain Elementary, and other spaces needed for urban relief in the older structure The Japanese call it “natural bathing”.

This plan has already created far too much conflict and delay. A new beginning is needed, more neighborhood-centered and more focused on the residents. Some of these new infrastructure funds should be used to work out this new plan.

Concerned neighbors have formed an ad hoc group called the Stormwater Drainage Management Team.

We have contacted our city councilor and her staff with generally positive results and expect a joint study with the involvement of Pueblo Alto in the near future.

We also visited (with) several of the candidates for D-7 and showed them in detail the flood route and a main source of rainwater runoff for Mile Hi: the Fair Plaza Shopping Center in Lomas and San Pedro. On-site measures to reduce rainwater, which should be of benefit to all parties, have been proposed, but a recent meeting between city officials and Fair Plaza owners failed to reach even a preliminary agreement. A new approach is needed, including a serious assessment of the capacity of the major sewers below San Pedro and San Mateo.

Our map also shows how our rainwater flows under the San Mateo sound / art wall, rushing north over the four lanes and caused accidents by aquaplaning on May 31st.

Finally, floods in the NE heights and in the entire urban area raise important questions of social justice. Residents who have suffered the most from flooding are more likely to be found in lower-income areas.

The new federal, state and city infrastructure legislative packages offer a great opportunity to finally tame the large number of flood waters in the city. Let’s get it right this time.

Automotive present raises cash for Waverly flood victims

LEBANON, Tenn. (WTVF) – Some people just love to flaunt a bit of muscle mass. So muscle cars. “It’s a 2018 Dodge Challenger, TA 392,” said Casey Mitchell.

“This is a 1934 Ford three-window coupe,” said Rob Wiborn, another car collector.

Pretty much every weekend you can either drive Rob with his coupé or show it to anyone who is interested. “It has a 350 Corvette engine, 350 Chevy gearbox,” he said.

That weekend his cars and others on display in the Lebanon Outlet Mall were there for a good cause. “You only see water flowing through these houses, you see houses in the middle of the street, we could both have cried,” said Wiborn.

Rob and friend Tom Lofkis of Loud and Obnoxious Cruisers were so moved by the heartbreaking images from Waverly that they decided to put together one final auto show with all of the proceeds going back down the street helping the flood victims.

“When things like this come up, we will definitely be on board to help when and where we can, with the greatest possible effort,” said Lofkis.

It all came together pretty quickly, but luckily the classic car community got their engines going and got the word out. “Thank goodness we have a lot of friends who have a lot of cool cars and who don’t mind supporting our cause because they know that if Loud and Obnoxious does something, it will definitely be a worthy cause,” said Lofkis.

Because long after the flood, victims literally need muscle to help clean up, money from these types of muscles can go a long way. “It’s great because I know there are a lot of people out there who need help, and if I can help, I’m really excited about it,” said Mitchell.

Loud and Obnoxious Cruisers plan to use the money raised to buy flood victims’ gift cards that they can spend on whatever they need.

Jim Cramer says flood of IPOs is weighing on inventory costs

Investors can expect stocks to remain under pressure as long as the market is flooded with new public offerings, CNBC’s Jim Cramer said Thursday.

“A lot of stocks are hit here because there isn’t enough cash to buy all of the junk that has been created lately,”Bad money“said the host.” Inventories are falling because, like goods in a store, there is simply too much inventory to be devalued. The speculators are always the first to go. “

The second half of 2021 is Wall Street Digesting a long list of IPOs that came in the first six months of the year. In the first half of the year, more than 210 IPOs grossed more than $ 70 billion. June was the single month with the highest turnover for the IPO business for almost 21 years.

The IPO market practically separated the bond market, typically a predictor of the overall economy, from the stock market, Cramer said. If the IPO flood continues, stocks will continue to decline under their own weight, he said.

“If we get some respite from new underwriting and the earnings are still good, I’ll stay a cop, but you have to stop the new offering,” said Cramer. “Stocks go down because people have to sell. They don’t want to lose money.”

The Dow Jones industry average rose nearly 54 points, or 0.15%, to close at 34,987.02 on Thursday.

The S&P 500 slipped 0.3% while the Nasdaq composite declined for the third session in a row.

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CNBC’s Bob Pisani contributed to this report.

The Editorial Board: Poloncarz’s plans for a flood of federal cash are OK, however they need to goal for transformational | Editorial

Erie County’s executive director Mark C. Poloncarz plans to use a portion of the county’s historic federal grant to fund an expansion of the Buffalo and Erie County’s Botanical Gardens. While some of the plans are good, the county should aim for transformation.

Derek Gee / Buffalo News


Erie County’s executive director Mark Poloncarz has suggested several worthwhile ideas for investing the stream of federal dollars heading the county, but we hope he will reconsider some of the suggestions with this idea in mind: Coming 2111 – 90 years from now – What will county residents look to their ancestors with gratitude?

The county’s residents – and millions of Americans – feel it when they look at the projects that were carried out some 90 years ago when the federal government last opened their wallets. Then, during the Great Depression, President Franklin D. Roosevelt drove the building of parks, stadiums, courthouses, energy projects, and more to get desperate Americans to work while improving the country.

Then it is not. Our economy is buzzing again – hence inflation concerns – and President Biden is missing the compliant / interested Congress that FDR had. In addition, the money is distributed in different ways – there is no equivalent to the social security program in this federal package – and is conditional.

But the money is still a golden opportunity, and as Joseph Lorigo, minority leader of the county legislature, noted, it is not time to play “little ball”. When a Conservative Party member says this, you know there’s an appetite to think big.

The US $ 1.9 trillion bailout plan provides states, schools, and communities, including counties, historic levels of funding. Half of Erie County’s total profit of $ 178 million is already in place, with the remaining $ 89 million expected in the next year. In addition, the county expects an additional $ 34.4 million from Albany – money that was initially threatened and then restored.

Bitcoin worth to set new report by year-end, institutional cash will flood in as soon as this occurs – Jason City

The multi-month decline in the price of Bitcoin, which began in April when the world’s largest cryptocurrency began its descent from record highs at the time, will only last the summer, according to Jason Urban, co-head of Galaxy Digital Trading at Galaxy Digital.

Speaking to Kitco News editor-in-chief Michelle Makori, Urban said institutional investors will re-emerge into the room through fall this year, pushing the price back up, breaking new all-time highs and at least US $ 70,000 by the end of the year -Dollars to achieve.

Galaxy Digital is a diversified financial services company focused on cryptocurrencies with four lines of business: asset management, trading, principal investing and investment banking. Founded by Michael Novogratz, the company recently partnered with Goldman Sachs to trade Bitcoin futures.

“I definitely think we can see a little over $ 70,000 by the end of the year,” said Urban. “I think we can expect all of the FUD (fear, uncertainty, doubt) we’ve seen over the past few weeks to cause a flat trend in the market this summer and I think that when we get into the Fall is coming, a lot of these institutional takeovers and these ambitious moves that we’ve seen are going to manifest, and we should see the market break those highs. ”

So what has been holding back the institutions so far? It’s no less, but it lacks clarity about the rules institutional investors need, noted Urban.

“I think there is obviously some regulatory clarity about what can and cannot be done,” he said. “The smart players [in the crypto space] want to work with regulators to find solutions that address their concerns while allowing the technology to thrive. ”

Urban comments come as Bitcoin has just faced a new onslaught of criticism, this time from the Bank for International Settlements (BIS), which wrote in a recent report that “Cryptocurrencies are speculative assets, rather than money, and are used in many instances to facilitate money laundering ”. , Ransomware attacks and other financial crime. ”

Earlier this week, the People’s Bank of China banned Bitcoin over-the-counter trading in China and banned several large miners, reducing the country’s crypto mining capacity by 90%.

Urban said regulations could be beneficial, but attempts to ban Bitcoin are simply pointless.

“You can’t forbid progress. You can regulate it, you just can’t ban it, ”he said.

For more details on where institutions are on the acceptance curve and what Urban sees as the only existential threat to Bitcoin, watch the video above. Follow Michelle Makori on Twitter @MichelleMakori (https://twitter.com/MichelleMakori).

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