Episcopal, Roman Catholic congregations forge bond after church arsons in…

Posted On Jun 20 2021 by

first_img By David PaulsenPosted Mar 27, 2018 The Rev. Robert Gaestel points out fire damage at Church of the Angels in Pasadena, California, after an arsonist struck Jan. 13. Photo: Diocese of Los Angeles[Episcopal News Service] Two congregations in the Los Angeles area, one Episcopal and the other Roman Catholic, have forged an unexpected bond this year, supporting each other after both were attacked by an arsonist in January.The Episcopal Church of the Angels in Pasadena was hit early Jan. 13, a Saturday, but the fire and smoke damage was not severe enough to cancel worship services. The fire Jan. 25 at Resurrection Catholic Church, however, severely damaged the worship space, and since then, the congregation in Los Angeles’ Boyle Heights neighborhood has been forced to worship outside under tents while the church is being repaired.Two months later, the two congregations have found hope all around them. A suspect has been arrested and charged in these and other church arsons in the region. Worshipers at Resurrection aim to move back into their church by Easter. And Church of the Angels recently raised $2,000 for Resurrection at an Evensong service that was attended by the Catholic congregation’s pastor.The two churches are about 20 minutes apart, but with these newfound connections, they are leaving the door open to future partnerships that would bridge that distance.“We don’t know where this is going to go, but I would imagine new things could come as a result of this,” said the Rev. Robert Gaestel, rector at Church of the Angels, which has an average Sunday attendance of about 100 people.Resurrection Catholic Church is much larger, with as many as 800 people attending one of six Masses on Saturdays and Sundays, the Rev. John Moretta said. He was honored to be invited by Gaestel to attend the March 11 Evensong at Church of the Angels.“It’s a beautiful thing,” Moretta said. “I reminded him that he still prays for the holy catholic church … and that, really, we have a lot in common.”For both congregations, their churches were spared irreparable damage thanks to the quick work of strangers.At Church of the Angels, the fire was set in the building overnight, and two men spotted it while they were walking home from nearby nightlife hangouts. They shouted for help, which alerted Gaestel, who lives on church grounds.Although the fire was extinguished before it could spread, it still caused nearly $250,000 in damage, mostly due to smoke, Gaestel said. Prayer books, four benches and an antique carved wooden angel lectern also were burned. Graffiti was scrawled on an angel sculpture and paving stones outside the church.But the fire also revealed the connections neighbors feel with Church of the Angels, Gaestel said. Residents who live nearby, even those who aren’t Episcopalians and don’t attend worship services, offered to help with repairs the next day because they saw it as their neighborhood church, he said.“People who aren’t necessarily connected with us were really concerned about us and were concerned about the building,” Gaestel said, adding that he thinks some of their feelings of connection were spiritual, as well. “Christianity goes a lot deeper in this culture than people realize, and it takes different shapes and forms than what we may think.”With the neighbors’ help, Church of the Angels’ congregation was able to get the church cleaned up enough to worship inside on Jan. 14, though further renovations are continuing.Resurrection Catholic Church was not so lucky. The arsonist tossed a flaming object into the church through an open window late at night. The fire was noticed by two men, who were walking to their car after leaving a job around 2 a.m., but by the time they alerted Moretta, the flames had spread and threatened to engulf the structure.“The firemen told me that if the fire had [burned] two more minutes, we would have lost the whole church,” Moretta said.Instead, the fire caused about $500,000 in damage. Fire insurance is covering most of the cost of repairs at Resurrection, as is the case at Church of the Angels. The congregations also have been raising money for some upgrades to the churches as part of the repairs and remodeling.That is how the two pastors initially made contact. After learning about the fire at Resurrection, Gaestel asked the Very Rev. Michael Bamberger of the area’s Episcopal deanery to attend a news conference in Boyle Heights on Gaestel’s behalf and ask if the Catholic church had information to share on contractors. Bamberger reported back that the damage at Resurrection was much more severe than what Church of the Angels sustained.Gaestel later called Moretta, who invited him to lunch and to visit Resurrection. Church of the Angels had scheduled its Evensong as a sendoff celebration for its longtime choir leader, who was leaving, and after conferring with the choir leader and vestry, Gaestel invited Moretta to attend. He also asked his parishioners for donations to support Resurrection’s rebuilding.The two pastors have remained in contact. Moretta noted that both have decades of service in their respective congregations.“He’s been at his parish 35 years. I’ve only been here 34 years,” he said.Moretta also invited Gaestel and his family to a celebration in late April in honor of Moretta’s 50th year of ordination, and he hopes to have Gaestel back when the Resurrection congregation blesses its restored church, likely in May.As for the suspect in the arsons, his motive remains unclear. Christian Michael Garcia, 25, was arrested shortly after the arson at Resurrection and has been charged with 20 felonies, including 13 counts of vandalism to religious properties, according to the Los Angeles Times.“This destruction has no place in Los Angeles,” Mayor Eric Garcetti said. “Anyone who commits these sorts of hateful acts on our sacred places of worship will be found and will be prosecuted to the full extent of the law. We have zero tolerance for arson and vandalism anywhere in Los Angeles, let alone in our sacred spaces.”A church fire is traumatic enough for a congregation, but Gaestel said that trauma is worsened when the fire is set intentionally.“We don’t know what his motivation was,” Gaestel said. “Clearly he must be deeply troubled about something. Hopefully he’ll get whatever help he needs.”– David Paulsen is an editor and reporter for the Episcopal News Service. He can be reached at [email protected] Bishop Diocesan Springfield, IL Rector Tampa, FL Featured Jobs & Calls Tags Missioner for Disaster Resilience Sacramento, CA Associate Priest for Pastoral Care New York, NY Rector Albany, NY Priest-in-Charge Lebanon, OH The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC Assistant/Associate Rector Washington, DC Press Release Service Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Course Director Jerusalem, Israel Rector Belleville, IL Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Cathedral Dean Boise, ID The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Youth Minister Lorton, VA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector and Chaplain Eugene, OR Rector Smithfield, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Bath, NC Rector Martinsville, VA Rector Hopkinsville, KY Assistant/Associate Priest Scottsdale, AZ Director of Administration & Finance Atlanta, GA Submit an Event Listing Rector (FT or PT) Indian River, MI Canon for Family Ministry Jackson, MS This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Shreveport, LA Rector Washington, DC Curate Diocese of Nebraska Episcopal, Roman Catholic congregations forge bond after church arsons in Los Angeles area Assistant/Associate Rector Morristown, NJ Family Ministry Coordinator Baton Rouge, LA Associate Rector Columbus, GA Featured Events Associate Rector for Family Ministries Anchorage, AK Rector Knoxville, TN An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Ecumenical & Interreligious AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Director of Music Morristown, NJ Submit a Press Release Rector Pittsburgh, PA Rector/Priest in Charge (PT) Lisbon, ME Rector Collierville, TN New Berrigan Book With Episcopal Roots Cascade Books Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Job Listinglast_img read more

Judge says no to secret fees in Detroit bankruptcy

Posted On Jun 15 2021 by

first_imgProtest at Bank of America, Nov. 12.WW photo: Kris HamelIn the struggle to stop the racist bankruptcy and emergency management imposed by the big banks on the city of Detroit, pickets chanted outside the downtown headquarters of Bank of America at lunchtime on Nov. 12.They targeted the financial giant because of its role — along with United Bank of Switzerland and the London-based Barclays — in what activists call an “additional $350 million robbery by the banks of municipal retirees and Detroit residents.” Most of this money will go to pay a termination fee on a “nefarious interest rate swap.” Some $230 million will go directly to the profit coffers of BoA and UBS. Barclays, of LIBOR scandal infamy, is brokering the deal.Several UBS and BoA executives have recently been found guilty and sentenced to prison terms for fraud in connection with municipal bonds.Two days after the protest, on Nov. 14, Bankruptcy Judge Steven Rhodes sided with people’s attorney Jerome Goldberg and denied an outrageous motion made by the emergency manager and the banks to keep secret the huge fees they will make from the deal. Barclays even reportedly flew in a barrister from London to appear at the hearing in the federal court.Goldberg successfully argued that under the Michigan Freedom of Information Act, the fee agreement must be disclosed. A Detroit Free Press article called the ruling “a win for [municipal] unions.” (freep.com, Nov. 14)Goldberg told Workers World, “The interest rate swap agreement, if approved by the court, will cost Detroiters 20 percent of their city income taxes, or $4 million per month for the first six years after conclusion of the bankruptcy. It should be the other way around. The banks owe Detroit for destroying our city with their predatory lending and massive foreclosures.”A trial on the issue of the $350 million termination fee agreement will begin on Dec. 10. Organizers with the Moratorium NOW! Coalition to Stop Foreclosures, Evictions & Utility Shutoffs are planning a major demonstration outside the courthouse on that date. The coalition is demanding a cancellation of the city’s debt to the criminal banks.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Another ‘Trumpian’ racial incident

Posted On Jun 15 2021 by

first_imgIn 2013, a second New York City African Burial Ground was uncovered, recognized and honored in East New York.Amid the spate of hate crimes in the U.S., on Nov. 1, in broad daylight in New York City, the African Burial Ground National Monument was defaced with the racial epithet “kill the N*****s” (the N-word) written across it. The burial ground is a sacred resting place of enslaved Africans.New York was the second-largest U.S. slaveholding city — enslaved Africans built the city. For centuries the remains of thousands of enslaved and free Africans were entombed underneath the city. They were not allowed to be buried in white-only church graveyards or within the boundaries of the European settlements.The 300-year-old grave site was discovered in 1991 when archaeologists unearthed hundreds of skeletal remains that they sent to Howard University in Washington, D.C., for examination. In 1993, the burial ground was designated a NYC Historical Landmark.On Oct. 1, 2003, the remains were returned to NYC and re-interred in the African Burial Ground at the former slave market site near Wall Street. Their return was marked by a two-day ceremony, where tributes were paid to the ancestors.In 2006, the African Burial Ground was declared a National Monument. It is the oldest and largest African burial ground in the U.S.Within days of the Nov. 1 desecration of the monument, outraged activists, civic leaders, and state and local elected officials held a press conference to condemn the racist vandalism. They called for the mayor and governor to make an official statement denouncing the incident.They insisted that police precinct and federal officials do a full investigation and called for the immediate release of security camera videos and arrest of the suspect. Overall, they demanded respect for African-American people and their ancestors, stating that ignoring the suffering of the people is a gross injustice.Speaking about the hateful act, City Councilperson Jumaane Williams, said, “The African Burial Ground stands as a reminder of the racist history of our city that we might otherwise too easily forget, of an entire people enslaved and subjugated even in death. These things and these issues have never gone away. But we are at a time where it is at a fever pitch. It shows that we have not moved as far past that history as many would like to believe.“Hatred and bigotry have never been erased from our country or city, only retreating into the shadows at times. I call on members of all communities to stand together in condemnation and defiance of hatred and the forces that propel it.” Hate is still much alive!The African Burial Ground stands as a tribute to those who were enslaved. It serves to educate current and future generations about the extreme sacrifices and profound contributions made by enslaved African-American descendant communities to the building of NYC and the entire country. In the face of current and future challenges, it is vital to protect this legacy for future generations.Cox attended the 2003 two-day re-interment ceremonies.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Patterson ‘not unhappy with anybody’ early in preseason camp

Posted On Jun 13 2021 by

first_imgFacebook Jonathan Pickellhttps://www.tcu360.com/author/jonathan-pickell/ Linkedin Previous articlePatterson looks to ‘Own the Process’Next articleTwo TCU Soccer players named to preseason All-Conference team Jonathan Pickell RELATED ARTICLESMORE FROM AUTHOR printIt’s August, which means football is right around the corner for the Horned Frogs as Saturday marked their second practice of the 2018 season.With a number of seniors graduating from last season’s No. 16 team, including quarterback Kenny Hill, running back Kyle Hicks, center Austin Schlottman, cornerback Ranthony Texada, wide receiver John Diarse and safety Nick Orr, Head Coach Gary Patterson is faced with the daunting task of replacing those players with incoming freshmen or less-experienced underclassmen, but he said “there’s not anybody who I’m unhappy with right now.”After the departure of Hill, the Horned Frogs will have to find a new quarterback.  The three players in the running appear to be sophomore Shawn Robinson, a sophomore transfer from the University of Pennsylvania Michael Collins and freshman Justin Rogers.TCU quarterback Justin Rogers throws a pass in practice Saturday. Photo by Cristian ArguetaSoto.“Offensively, it’s going so fast it’s hard to tell about the quarterbacks because they’re all taking rotations and throwing the ball against ones, twos or threes,” Patterson said as far as declaring a favorite.However, Robinson remains the odds-on favorite, having started a game for the Horned Frogs, a 27-3 victory in Lubbock against Texas Tech.TCU quarterback Shawn Robinson works through drills in practice Saturday. Photo by Cristian AruguetaSoto.Hill, TCU’s starting quarterback the last two seasons, was at practice Saturday as an assistant coach. Patterson raved about his impact.“He’s great because…here’s a guy that just came out of NFL camp, so things they worked on as far as getting the ball out of their hands and reads, where their eyes are and everything, it’s a big positive,” he said.Having former players on the coaching staff is not something new for TCU.“We’ve got seven or eight former guys,” Patterson said. “It’s the circle of life…its fun watching them become successful and want to go into this profession. It’s not an easy profession.”The offensive and defensive lines both lost some key players from the 2017 team, Schlottman, Joseph Noteboom, Matt Pryor and Patrick Morris on offense and Matt Boesen on defense.In Patterson’s eyes, the trenches are a work in progress.“We’ve got to have eight [offensive linemen], at least, and we’ll know more tomorrow because we start in shells, and we’ll go from there.”The Horned Frogs work on their line play during practice. Photo by Cristian ArguetaSoto.On the defensive line, TCU adds defensive end Ochaun Mathis. Patterson said Mathis has a good chance of seeing playing time this upcoming season.TCU also added linebacker Jawuan Johnson, a transfer from Northern Illinois who has already caught the eye of his head coach.“Johnson has pushed all the other linebackers to be better, and he’s a guy that’s very serious about what he does, and he’s got great awareness,” Patterson said.TCU lost starting cornerback Ranthony Texada after last season to graduation, and candidates to replace him include senior Tony James, junior Julius Lewis, junior Kennan Reed and redshirt freshman Noah Daniels, among others.Patterson said that “Julius has been a surprise” and “Keenan’s come a long way.”  He also said that he doesn’t “know if any of them are playing at the high level of Ranthony yet.”Cornerback Julius Lewis addresses the media before practice. Photo by Cristian ArguetaSoto.At the safety position, Patterson said that the team has more players competing for spots, but nobody with the experience of Orr.Patterson’s overarching message to the players is a familiar one.“It’s all in the details,” he said.  “Every day, we’ve got to get better.  We teach something new every day.”TCU kicks off the 2018 football season on Saturday, September 1 at 11:00 AM CT against Southern at Amon G. Carter Stadium. TCU baseball finds their biggest fan just by saying hello Twitter ReddIt TCU football players take the field for first practice of 2017 Swimming and diving hires new head coach Jonathan Pickellhttps://www.tcu360.com/author/jonathan-pickell/ The Horned Frogs jog out to the practice field Saturday. + posts center_img Linkedin Jonathan Pickell Another series win lands TCU Baseball in the top 5, earns Sikes conference award TCU rowing program strengthens after facing COVID-19 setbacks Jonathan Pickell https://www.tcu360.com/author/jonathan-pickell/ Facebook ReddIt Jonathan Pickellhttps://www.tcu360.com/author/jonathan-pickell/ Twitter ‘Experienced’ Horned Frogs ready to welcome new players New season brings new players, high expectations from Pattersonlast_img read more

Two-year jail sentences for two student magazine editors

Posted On Jun 12 2021 by

first_img April 27, 2021 Find out more June 2, 2021 Find out more to go further News RSF_en Reporters Without Borders condemns the two-year jail sentences that have been imposed on Sonam Rinchen and Yargay, two students who helped to edit the Tibetan student magazine Namchak. Two other editors of the magazine, who were arrested at the same time as them in March, are still awaiting trial.Their conviction has coincided with other cases of repression. For example, the Tibetan writer Kalsang Tsultrim, also known by the pen-name of Gyitsang Takmig, was arrested on 7 July in Dzoge, in Sichuan province. According to relatives cited by Tibetan sources in the northern Indian city of Dharamsala, his arrest was prompted by his book “Miyul La Phul Ve Sempa” (Share My Heart’s Inner Thoughts) and recordings of his speeches voicing his concerns for the Tibetans that have been distributed on CDs.The lack of independent observers in Tibet allows the Chinese authorities to arrest and convict Tibetan journalists, writers, bloggers and environmentalists without any form of due process. The government prevents the foreign media from working in Tibet so that there are no witnesses.When the Foreign Correspondents’ Club of China recently polled its members, 98 per cent said it was impossible to cover the situation in Tibet properly because of obstruction by the authorities. More information: http://www.fccchina.org/2010/06/29/fccc-calls-for-open-reporting-access-…Arrested on 17 March, the four Tibetan students who edited Namchak were charged with separatism and inciting separatism in their writing. Sonam Rinchen, 19, and Yargay were registered as students at the University of Barkham (in Sichuan province), as were the other two, who have been identified as Sonam Dhondup and Dakden.Kanyak Tsering, an exiled Tibetan monk, told Reporters Without Borders that they had published comments about China’s policies towards minorities, including Tibetans.Tibetan writer Tragyal, also known by the pen-name of Shogdung, has meanwhile been held in harsh conditions since April in Xining detention centre, in Qinghai province, where his family has not yet been allowed to see him. His lawyer says the police are dragging their feet and have not passed the case to prosecutors. In a book entitled “The Line between Heaven and Earth,” Tragyal called for peaceful resistance by the Tibetan people. As a result, he has been accused of inciting separatism.Before his arrest, Tragyal said: “I am, of course, terrified by the idea that, once this essay is published, I will have to endure every kind of hell this planet has to offer. I could lose my head because of my mouth, but this is the road I have chosen.”At least 50 Tibetans have been arrested since March 2008 for sending information abroad: http://en.rsf.org/china-at-least-50-tibetans-convicted-for-22-03-2010,36… ChinaAsia – Pacific Organisation Follow the news on China August 30, 2010 – Updated on January 20, 2016 Two-year jail sentences for two student magazine editors Newscenter_img News News Receive email alerts Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes China’s Cyber ​​Censorship Figures March 12, 2021 Find out more China: Political commentator sentenced to eight months in prison ChinaAsia – Pacific Help by sharing this information last_img read more

Video: This Too Shall Be Made Right

Posted On Jun 12 2021 by

first_imgHome of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News Community News Top of the News Your email address will not be published. Required fields are marked * This sermon was delivered by Rev. Greg Waybright, Senior Pastor, Lake Avenue Church, Pasadena on Sunday, September 16, 2012. After twelve years of leadership as President of Trinity International University in Deerfield, Illinois Gregory L. Waybright accepted the call to serve as Senior Pastor here at Lake Avenue Church. Gregory L. Waybright and his wife Chris Waybright began their transition from Trinity to Lake Avenue Church with their arrival in the Pasadena area in September, 2007.Gregory L. Waybright was president of Trinity International University in Deerfield, Illinois. He assumed this position on September 1, 1995. Prior to working at Trinity, Dr. Waybright had been pastor of the Arlington Heights Evangelical Free Church in Arlington Heights, Illinois. In his 20 years as a pastor he has also served as senior pastor of Grace Bible Church in Arroyo Grande, California and as assistant pastor of Calvary Memorial Church in Racine, Wisconsin.Lake Avenue Church, 393 North Lake Avenue, Pasadena, (626) 844-4700 or visit www.lakeave.org. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  More Cool Stuff 7 recommended0 commentsShareShareTweetSharePin it Herbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyPretty Or Not: 5 Things You Didn’t Know About BeautyHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyGet Rid Of Unwanted Body Fat By Eating The Right FoodsHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautycenter_img Subscribe Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy First Heatwave Expected Next Week Business News Sermons and Lessons Video: This Too Shall Be Made Right Delivered by REV. GREG WAYBRIGHT, LAKE AVENUE CHURCH Published on Tuesday, September 25, 2012 | 4:55 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

City Council Schedules Several Important Public Hearings for October

Posted On Jun 12 2021 by

first_imgGovernment City Council Schedules Several Important Public Hearings for October Housing, mansionization and YWCA building scheduled this month By DONOVAN MCCRAY Published on Wednesday, September 30, 2020 | 2:43 pm Community News Several important issues are headed back to the City Council in October.On Monday the council is scheduled to conduct a public hearing on the submittal of the Public Housing Agency Five-Year Plan (2020-2025) and the Annual Plan (2020) to the U.S. Department of Housing and Urban Development (HUD).The PHA Five-Year Plan is a planning document which describes the mission of the city and the housing department in serving the housing-related needs of low-income, very low-income, and extremely low-income rental assistance program participants.The plan outlines the city’s long-range goals and objectives for achieving the mission over the five-year period. The PHA Annual Plan (2020) describes the current operations, assesses housing assistance needs, housing stock conditions, and rental housing subsidy needs of lower-income households for the upcoming fiscal year.Also that night, the council will conduct a public hearing on the long-vacant Julia Morgan YWCA building on North Marengo Avenue and a vacant lot in Centennial Square, across the street from City Hall, as surplus property.On Sept. 21, the Planning Commission found the declaration of both sites as surplus property consistent with the city’s General Plan.“The city of Pasadena is negotiating in good faith with certain developers regarding the disposition and development of the properties at 78 N. Marengo Ave., 255 E. Union Street, 95 N. Garfield Ave. [the Pasadena YWCA building, parking lot and landscaped area adjacent and east of it] and 280 Ramona St. [a landscaped area and dirt lot east of the Pasadena YMCA, now Centennial Place], including rehabilitation of the historic YWCA building.”The Planning Commission’s support came one day after five developers presented proposals during a Zoom meeting.Last week, Pasadena Now reported that the original owner is claiming that the city has lost its right to sell the property to a developer because it has gone 10 years without reauthorizing its plans for the location.There is no meeting on Oct, 12, but on Oct. 19 a public hearing is scheduled on a zoning code amendment aimed at combating mansionization.The amendment would address the size and compatibility of new construction of single-family homes based on public input, The commission recommended that proposed discretionary review for projects exceeding new construction above 35 percent of the median house size within a 500 foot radius be applied citywide and to historic districts.The Planning Commission on Wednesday supported a staff recommendation for a zoning code amendment to address mansionization.Local residents have for years been calling for an end to mansionization. Many times homeowners remodeling their homes creates structures that were out of scale, ill-proportioned, or out of character with its surrounding neighborhood.Serious discussions about mansionization at the city level began in 2015. when the Planning and Community Development Department held citywide community meetings focused on single-family home neighborhood issues.Other meetings were also held focusing on Lower Hastings Ranch and on Hillside Overlay District areas, which helped the department learn of neighborhood concerns about mansionization from a wider cross-section of the community.The meetings led to design guidelines that could eventually cover all other single-family home residential zones in the city.In 2018, the department submitted a draft of “single-family residential design” guidelines that were the result of those community and consultation meetings. The guidelines were intended to provide enough guidance for homeowners and applicants for new housing construction to ensure that their projects, new or accessory, were appropriate for the surrounding neighborhood. Name (required)  Mail (required) (not be published)  Website  STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Top of the News center_img 18 recommended0 commentsShareShareTweetSharePin it Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * HerbeautyGained Back All The Weight You Lost?HerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyKim To File For Divorce From Kanye West After 6 Years Of MarriageHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS STAFF REPORT First Heatwave Expected Next Week last_img read more

Mambu Reports Company-Wide Growth in 2020

Posted On Jun 2 2021 by

first_img Pinterest Twitter Facebook MIAMI–(BUSINESS WIRE)–Jan 29, 2021– Mambu, a cloud banking platform for banking and lending businesses, announced today it experienced company-wide growth during 2020. The company quickly helped 26 financial institutions (FIs)adapt to market changes, including a record two-week implementation. This announcement follows another year of approximately 100% YoY growth for Mambu in the banking software market, (positioning Mambu at its unicorn status with a $2.1 billion valuation. Additionally, Mambu expanded its employee base to more than 22 countries and strategically partnered with third-party providers to streamline and increase accessibility to its solution. Mambu succeeded in several other areas last year.The company experienced growth internally, increasing its employee base 80% to nearly 500 employees. Significant hires included Johanna Pugh, Managing Director, North America; Kris Rogers, General Manager, Australia and New Zealand; Jaco Fourie, General Manager, South Africa; Sergio Costantini, General Manager, Brazil and Minh Quang, General Manager, Vietnam.Mambu spread its geographic footprint by opening a new office in UAE as well an engineering center in Lithuania. Now Mambu employees work across 22 countries.Mambu strategically partnered with leading companies to meet the growing demands of its customers. Partnerships include:Google Cloud Platform, a suite of cloud computing services, to continue to grow its reach and seamlessly deliver service, extending banking and lending operations to more countries;Backbase, a digital-first banking platform, to deliver a unique and powerful turn-key digital banking solution;VeriTran, a global low-code platform provider, for a streamlined solution that assists traditional banks to launch their digital apps in a matter of weeks;Mobiquity, a digital consultancy that designs and delivers compelling digital products and services for the world’s leading brands, to create unique customer-centric experiences;TransferWise, a global technology company that moves money across the world, so customers can seamlessly access TransferWise’s technology infrastructure directly to offer cheap, fast and transparent international money transfers at the real exchange rate;Alchemy, a cloud-based digital banking solution provider for U.S.-based financial institutions, to enable faster, more agile lending decisioning for community banks and credit unions; andCurrencyCloud, an embedded cross-border solutions platform, to offer transparent and scalable international payments capabilities to customers. Local NewsBusiness Facebook Twitter Mambu was recognized for its innovation by the Fintech50 Hall of Fame for Consistent Innovation and 2020 CB Insights Fintech 250 list. The company was also positioned as a Challenger in Gartner’s 2020 Magic Quadrant for Global Retail Core Banking as well as a strong performer in The Forrester Wave™: Digital Banking Processing Platforms (Retail Banking), Q3 2020. “We are excited to look back and recognize the deliberate approach we took toward our strategic growth in 2020,” said Johanna Pugh, North American Managing Director at Mambu. “As the pandemic required everyone to adapt to new processes and market changes, Mambu transitioned and quickly met the demands of numerous financial institutions, further demonstrating the value our solution provides. These successes are a testament to the Mambu team that works hard across the globe to support our customers and lead innovation. We look forward to further collaborating with key players and investing in our cloud-native solution which allows FIs to become agile and empowers them to deliver great financial services and experiences.” For additional information, visit Mambu’s Year in Review here. About Mambu ​ Mambu is the SaaS banking platform that is changing financial services. This rapidly growing company ​was launched in 2011​ and is enabling customers to build modern banking ​and lending​ offerings​ fast, securely and simply​. Through its composable banking approach, the platform gives customers the ability to design and service nearly any financial product while rapidly integrating to the best-of-service ecosystem of complementary solutions around the world. Mambu has a global network​ of nearly 500 employees​ supports ​170 customers in over 65 countries. ​It counts N26, OakNorth, ABN AMRO and Orange amongst its extensive list of customers.​ For more information, please visit our website or connect with us on Twitter, LinkedIn, YouTube and​ ​ Facebook. View source version on businesswire.com:https://www.businesswire.com/news/home/20210129005042/en/ CONTACT:  For Mambu: Anna Stanley [email protected] 251.517.7857 KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY FINANCE SOFTWARE BANKING INTERNET SOURCE: Mambu Copyright Business Wire 2021. PUB: 01/29/2021 07:45 AM/DISC: 01/29/2021 07:45 AM http://www.businesswire.com/news/home/20210129005042/en WhatsApp WhatsApp By Digital AIM Web Support – January 29, 2021 TAGS  Mambu Reports Company-Wide Growth in 2020 Pinterest Previous articleFlow Imaging Microscopy/Dynamic Image Analysis Market by Type, Dispersion, End-user – Global Forecast to 2025 – ResearchAndMarkets.comNext articleOn-Board Diagnostics (OBD) Telematics Market to Accelerate at a CAGR of Over 10% During 2020-2024 | Technavio Digital AIM Web Supportlast_img read more

Despite Fewer Foreclosure Starts, Distressed Sales Rose in 2013

Posted On May 31 2021 by

first_img Servicers Navigate the Post-Pandemic World 2 days ago January 23, 2014 740 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Data Provider Black Knight to Acquire Top of Mind 2 days ago Despite declining foreclosure starts over the year, distressed sales made up a higher percentage of overall home sales in 2013 than they did the previous year, according to the U.S. Residential & Foreclosure Sales Report released Thursday by RealtyTrac. The report also revealed an uptick in cash purchases at the close of the year.Foreclosure sales—which include sales to third-party buyers at foreclosure auction and sales of REOs—combined with short sales to make up 16.2 percent of residential property sales in 2013, an increase from 14.5 percent in 2012, according to RealtyTrac.“It may surprise some to see distressed sales rising in 2013 given that new foreclosure activity dropped to a seven-year low for the year,” said Daren Blomquist, VP at RealtyTrac. However, Blomquist pointed out that “there are still more than 1.2 million properties in the foreclosure process or bank-owned, providing a sizable pool of inventory that the housing market is in the process of absorbing.”About 29 percent of home sales in 2013 were all-cash deals, up from 19.4 percent in 2012. All-cash sales increased during the month of December and were significantly higher than a year ago. Cash deals made up 42.1 percent of December’s home sales, according to RealtyTrac, up from a share of 38.1 percent in November and just 18 percent in December 2012.Cash purchases made up more than half of December home sales in five states, including Florida (62.5 percent), Wisconsin (59.8 percent), Alabama (55.7 percent), South Carolina (51.3 percent), and Georgia (51.3 percent).Institutional investors were more active in the residential market in 2013 than in 2012, contributing to 7.3 percent of the year’s home sales, up from 5.8 percent the previous year. The share of institutional investor activity in December was slightly higher and was also up from the previous month. Institutional investors contributed to 7.9 percent of December’s home sales.They were most active in December in Jacksonville, Florida (38.7 percent); Knoxville, Tennessee (31.9 percent); Atlanta, Georgia (25.2 percent); Cape Coral-Fort Myers, Florida (24.9 percent); and Cincinnati, Ohio (19.3 percent).The percentage of home sales that were purchased by third parties at foreclosure auctions doubled over the year in 2013, rising from 0.5 percent in 2012 to 1 percent last year, RealtyTrac reported.About 5.8 percent of home sales in 2013 were short sales, and 9.3 percent were REO sales, according to RealtyTrac. Short sales made up 5.7 percent of December’s home sales and were most common in Nevada (15.3 percent), Florida (14.4 percent), and Illinois (9.0 percent). REO sales contributed to 9.3 percent of sales in December and were most common in Nevada (18.9 percent), Michigan (18.4 percent), and Ohio (17.8 percent).The national median home price in December was $168,391, according to RealtyTrac. Distressed homes sold for about 38 percent less than non-distressed homes. The median price of a distressed home was $108,494, compared to a non-distressed median price of $174,401. About Author: Krista Franks Brock Subscribe Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Distressed Real Estate RealtyTrac REO Short Sale 2014-01-23 Krista Franks Brock Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Related Articles Home / Daily Dose / Despite Fewer Foreclosure Starts, Distressed Sales Rose in 2013 Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Distressed Real Estate RealtyTrac REO Short Sale Previous: DS News Webcast: Thursday 1/23/2014 Next: Economists Outline What to Watch for in the Real Estate Market of 2014 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, Loss Mitigation, News, REO, Story Crawl  Print This Post The Best Markets For Residential Property Investors 2 days ago Despite Fewer Foreclosure Starts, Distressed Sales Rose in 2013 Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Rising Rent, Falling Incomes Keeping Millennials from Homeownership

Posted On May 31 2021 by

first_img Share Save Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. About Author: Mike Albanese September 20, 2019 1,295 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago A new report by HireAHelper finds that while only baby boomers faced less affordable rent prices than Gen Xers and millennials, buying a home is out of reach for many millennials as income hasn’t been able to keep up with rising home values. The report states that rent costs for baby boomers, when they were entering the housing market, were equal to 38.1% of monthly incomes. Rent costs equaled 35.9% for Gen Xers and 35.7% for millennials. According to the report the average home for millennials is worth 6.4 years’ of income, which is a 15% increase from the 5.6 years’ of income for an average home for booth baby boomers and Gen Xers. Information from HireAHelper shows that home values and the amount of income needed to buy a home have skyrocketed since 1970. In 1970 it took 5.18 years’ of income to purchase a home, which rose to 6.76 years’ of income by 2010. Home values have nearly doubled during the same time period, going from $97,100 in 1970 to $218,776 in 2016.“Other obstacles stand between millennials and their first home purchase: the burden of student debt, stricter home lending standards, and a shrinking supply of affordable housing,” the report states. “Overall, homeownership is far less accessible to millennials than it was to previous generations in their early years of adulthood.”The report adds that fewer millennials are able to graduate from renting to owning, and that 82% of renters view their current housing situation as more affordable than purchasing a home.Additionally, millennials live in their homes for shorter periods than prior generations. Millennials report moving every two years, on average, which is twice as often as Gen Xers at four years and three times more frequently than baby boomers who stay in a home for an average of six years. Seventy-three percent of millennials plan to move in the next decade, compared to just 58% of Gen Xers and 43% of baby boomers. Rising Rent, Falling Incomes Keeping Millennials from Homeownership Demand Propels Home Prices Upward 2 days ago Affordability Millennials Rent prices 2019-09-20 Mike Albanese Previous: The Week Ahead: Home Values and Affordability Next: Computershare Loan Services Earns Fannie Mae “STAR Performer” Status Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Rising Rent, Falling Incomes Keeping Millennials from Homeownership The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Tagged with: Affordability Millennials Rent prices Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribelast_img read more