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☆ Earnings growth is a constructive backdrop for stocks: Rockland's David Smith
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings growth is a constructive backdrop for stocks: Rockland's David SmithDavid Smith, Rockland Trust chief investment officer, joins 'Power Lunch' to discuss the Fed, jobs numbers, inflation, and the markets.

Persons: Rockland's David Smith David Smith Organizations: Rockland Trust

☆ One man’s artistic wonderland, created secretly in rented apartment, given protected status
▼ + stars: | 2024-04-07 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +7 min

Gittins surrounded the fireplace in this room with a large minotaur head, above which he painted portraits of Greek philosophers. Together they established the Wirral Arts and Culture Community Land Trust (WACCLT), which launched a crowdfunding campaign through the website Ron’s Place, applied for listed status and eventually bought the building last year. Now, the property has been granted “Grade II” listing by Britain’s Department for Culture, Media and Sport on the advice of national heritage body Historic England. Ron’s Place is the first example of Outsider Art to be given protected status in England, according to Historic England. There is little to hint at what lies behind the front door of this red-brick house in Birkenhead, England.

Persons: Ron Gittins, Gittins, Jan Williams, “, ”, Williams, Chris Teasdale, Ron, ” Williams, ‘, I’ve, Tate, Jarvis Cocker, Cocker Organizations: London CNN, Historic, CNN, Wirral Arts, Culture, Land Trust, “, Britain’s Department for Culture, Media, Sport, England Locations: British, Birkenhead, Liverpool, England, Egypt, Georgian England, Historic England, Jan Williams . Historic England, Ron’s, Birkenhead , England

☆ The fight against inflation is not over, says Rockland's Karl Farmer
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe fight against inflation is not over, says Rockland's Karl FarmerKarl Farmer, Rockland Trust VP, joins 'Power Lunch' to discuss his expectations for tomorrow's jobs report and what it could mean for the Fed's next moves.

Persons: Rockland's Karl Farmer Karl Farmer Organizations: Rockland Trust

☆ I paid just $135,000 for my house when homes in the area are going for twice that. Here's how.
▼ + stars: | 2024-03-31 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

The couple paid less than usual for the area by going through a community land trust, or CLT. Community land trusts allow low-income homebuyers to purchase homes at a reduced price in exchange for the trust's retaining ownership of the property's land. Community land trusts were an unfamiliar conceptI learned about community land trusts while driving through a neighborhood. It's a community housing organization that offers homebuyer education and also sells affordable homes through a community land trust program. Our lives are much betterWhen buying a land trust home, not only do you have to qualify for the land trust program, but you also have to qualify for a mortgage at the bank.

Persons: Melisa Gomez, Romo, —, It's, Gomez, we're Organizations: Service, Romo, Land Trust Locations: Duluth , Minnesota, Minnesotans, Duluth, Fayetteville , Arkansas, . Duluth, El Salvador, Mexican

Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chairman of Ford Motor Co. Endowments are funds a nonprofit can invest and the annual financial returns from those investments can go into the nonprofit’s budget. Detroit-area nonprofits may apply in June, when Michigan Central Station will reopen, and ten selected organizations will each receive $500,000 to launch an endowment. The Children's Foundation will manage the nonprofits’ endowments and offer them guidance and technical support over two years. Lisa Ford said the idea for creating endowments for youth nonprofits evolved out of their commitment to supporting a robust and vibrant future for the city and the automotive industry.

Persons: Lisa Ford, Bill Ford, ’ ”, Andrew Stein, ”, ” Ford, Todd Ely, Ely, ” Ely, Meadow Didier, Stein Organizations: Ford Motor Co, Children’s Foundation, Michigan Central, Children’s Hospital of Michigan, Harvard, Foundation, Children’s, Endowments, Internal Revenue Service, University of Colorado, Nonprofit Finance Fund, Children's, Ford, Associated, Lilly Endowment Inc, AP Locations: Detroit, Michigan, University of Colorado Denver

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ Nextera's sell off provides an attractive valuation for investors, says Rockland's Karl Farmer
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNextera's sell off provides an attractive valuation for investors, says Rockland's Karl FarmerKarl Farmer, Rockland Trust VP, joins 'Power Lunch' to discuss Nvidia, the healthcare sector and the Fed.

Persons: Rockland's Karl Farmer Karl Farmer Organizations: Rockland Trust, Nvidia

☆ After Shutting Down, These Golf Courses Went Wild
▼ + stars: | 2024-02-15 | by ( Cara Buckley | ) www.nytimes.com time to read: 1 min

There was scraggly grass in one sand trap and wooden blocks and a toy castle in another, evidence of children at play. People were walking their dogs on the fairway, which was looking rather ragged and unkempt. Nowadays, these grounds are mowed just twice a year, and haven’t been doused with pesticides or rodenticides since 2018, which was when this 157-acre stretch of land stopped being the San Geronimo Golf Course, and began a journey toward becoming wild, or at least wilder, once again. A small number of shuttered golf courses around the country have been bought by land trusts, municipalities and nonprofit groups and transformed into nature preserves, parks and wetlands. Among them are sites in Detroit, Pennsylvania, Colorado, the Finger Lakes of upstate New York, and at least four in California.

Persons: haven’t, wilder Organizations: San Locations: San Geronimo, Detroit , Pennsylvania, Colorado, New York, California

☆ A Chinese gaming billionaire now ranks as one of the top landowners in the US
▼ + stars: | 2024-01-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

AdvertisementChinese billionaire Tianqiao Chen is the US' 82nd-biggest individual landowner according to the latest edition of The Land Report. Chen owns 198,000 acres of timberland in central Oregon through his investment group – Shanda Asset Management – per the ranking. Related storiesThe land is currently owned by Shanda Asset Management, The Land Report said, citing Oregon tax records. Shanda Asset Management is a branch of the Shanda Group, an investment firm. As well as the land in Oregon and Ontario, Shanda Asset Management owns real estate in China.

Persons: Tianqiao Chen, —, Chen, Bend . Chen, Canadian Irving, Chrissy Organizations: Deschutes National Forest, Shanda Interactive Entertainment, Service, Forest, Bend ., Business, Fidelity National Financial Ventures, Forest Resources, Deschutes Land Trust, Shanda Asset Management, Shanda, Management, Bloomberg, Nasdaq, Shanda Group Locations: timberland, Oregon, Deschutes, Bend, Ontario, Canada, Canadian, China

☆ How Wall Street’s Biggest Forest-Carbon Wager Is Starting to Pay Off
▼ + stars: | 2023-12-05 | by ( Ryan Dezember | ) www.wsj.com time to read: 1 min

Big timber companies have entered the offset market previously dominated by nonprofits, land trusts, tribes and timberland investment managers. Photo: Amanda Andrade-Rhoades for For The Wall Street JournalInvestors who made one of the biggest timberland purchases in years with plans to make carbon deals said they sold more than $100 million of so-called forest offsets during the gambit’s first year. Aurora Sustainable Lands, created to carry out the biggest wager yet on forest-carbon markets, said it expects its 1.7 million acres of eastern U.S. forest to annually yield additional offsets worth between $60 million and $150 million at current prices. Aurora paid about $1.8 billion for the properties last year.

Persons: Amanda Andrade, Rhoades Organizations: Street, Aurora Sustainable Lands, Aurora Locations: Aurora, U.S

☆ The likelihood of a soft landing is extremely high, says Rockland's David Smith
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe likelihood of a soft landing is extremely high, says Rockland's David SmithDavid Smith, Rockland Trust chief investment officer, joins 'Power Lunch' to discuss the market, what's ahead for the Federal Reserve, the likelihood of a recession and more.

Persons: Rockland's David Smith David Smith Organizations: Rockland Trust, Federal Reserve

☆ Urban golf courses are making housing more expensive and parks harder to access — and taxpayers are footing the bill
▼ + stars: | 2023-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Many states subsidize golf courses with low property taxes, so non-golfers are footing the bill. David Madison/Getty ImagesUrban golf courses also cost taxpayers — even those who don't play — a lot of money. Proponents of retrofitting courses note that reducing the number of golf courses would help boost revenue for courses that do survive. "But then on the flip side, we have these public golf courses that are just these almost vacuous spaces that are quite underutilized." He noted that projects that just involve turning golf courses into parks are often most palatable to neighbors.

Persons: —, they'd, Franciscans who'd, Zach Klein, VDERHLrowD, David Madison, it's, Malcolm Gladwell, Scottie Scheffler, Richard Heathcote, Mitchell Reardon, htpq6Uqx8q — Cork Gaines, Ray Delahanty, Jennifer Keesmaat, Keesmaat, Don, RENE JOHNSTON, Charlie McCabe, he's, Former California Assemblymember Cristina Garcia, McCabe, Reardon Organizations: Urban, Service, Franciscans, Olympic, Getty, Los Angeles Country Club, United, 123rd U.S, YouTube, Center, City, Trust, Public, Denver, Council, Democrat Locations: Presidio, U.S, San Francisco , California, California, San Francisco's, Golden, Beverly Hills, United States, Los Angeles , California, Cities, Florida, Toronto, haven't, Don Valley, Toronto , Ontario, New Orleans, Former California, Los Angeles County

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

☆ Exxon-Pioneer deal supports cash flow and dividend, says Rockland Trust's David Smith
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon-Pioneer deal supports cash flow and dividend, says Rockland Trust's David SmithDavid Smith, CIO of Rockland Trust Investment Management Group, joins 'Power Lunch' to discuss the difficulty investors are having predicting market performance given the economic environment, and the case for growth stocks in a volatile market, and opportunities to invest in companies with strong multiple expansion.

Persons: Rockland, David Smith David Smith Organizations: Exxon, Pioneer, Rockland Trust Investment Management Group Locations: Rockland

☆ Chair of The Portland Trust Ronald Cohen’s response to the Israel-Hamas War
▼ + stars: | 2023-10-13 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChair of The Portland Trust Ronald Cohen’s response to the Israel-Hamas WarThe chair of The Portland Trust, philanthropist, venture capitalist and private equity investor has been investing in The West Bank for two decades. CNBC’s Tania Bryer talks to Ronald Cohen to get his response to the Israel-Hamas War, his insight into the economic relationship between Israelis and Palestinians and how he believes that international efforts are going to be crucial to resolve the conflict.

Persons: The Portland Trust Ronald Cohen’s, CNBC’s Tania Bryer, Ronald Cohen Organizations: The Portland Trust, Portland Trust, West Bank Locations: Israel

☆ A teenage was arrested over the chopping down of a beloved 300-year-old tree along Hadrian's Wall
▼ + stars: | 2023-09-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

The tree, which featured in "Robin Hood: Prince of Thieves," was located along Hadrian's Wall. Local authorities said they believe the world-renowned Sycamore Gap Tree was deliberately felled. The tree, known as the Sycamore Gap Tree, rose to global prominence when it appeared in Kevin Costner's 1991 blockbuster movie "Robin Hood: Prince of Thieves". AdvertisementAdvertisementThe ‘Sycamore Gap' tree lying on the ground, along Hadrian's Wall, in northeast England in an aerial photo shared on September 28, 2023. The National Park advised visitors to avoid the area while it was being made safe and the investigation is underway.

Persons: Robin Hood :, —, we've, Kevin Costner's, John Parker Organizations: Service, Getty, Park Authority, National Trust, Arboricultural Association, Sky News, Guardian Locations: England, Northumbria, Northumberland, England’s Northumberland

ANCHORAGE, Alaska (AP) — Anchorage Mayor Dave Bronson gained national attention this summer when he proposed buying one-way airfare out of Alaska's largest city for anyone without housing who wanted to leave before winter. The Anchorage Assembly just approved $4 million in funds and will vote on additional elements of an emergency plan next week. Anchorage last winter had a record 24 deaths outdoors among the homeless population, with 11 fatalities occurring in the winter months between October 2022 and April 2023, said Alexis Johnson, the city's homeless director. The city recently brought four more housing facilities, which could create space for another 310 people, but is still seeking winter housing for an estimated 400 to 450 people. By renting hotel rooms, Johnson hopes to limit the capacity of a mass winter homeless shelter to no more than 150 people — one of the Assembly's stipulations when releasing the emergency funds.

Persons: Dave Bronson, —, ”, Scott Gibson, Alexis Johnson, Johnson, Felix Rivera, Rivera, Bronson, “ I’m, ” Bronson, Greg Smith, Smith Organizations: — Anchorage, Alaska's, Land Trust, Sullivan Locations: ANCHORAGE, Alaska, Alaska's, Anchorage, Cook, California, Hawaii, Anchorage’s

☆ Can Joe Biden and a fistful of cash win rural America for Democrats?
▼ + stars: | 2023-09-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +9 min

Trump widened his lead among rural voters to 65% in 2020 from 59% in 2016. That includes $20 billion for rural health systems, $20 billion for clean-energy agriculture projects, $11 billion for rural electrification and $13 billion towards rural clean energy projects, the White House calculates. "You get out into the rural areas, and the folks are older and don't have the educational level. USDA data shows 21% of working-age adults in rural areas have at least a bachelor's degree compared to 37% in urban areas. "Biden and [Democratic] Maine Governor Janet Mills: they're too much bleeding hearts.

Persons: Joe Biden's, Andrea Shalal, Rhiannon Hampson, she's, Hampson, We've, Donald Trump, Trump, Barack Obama, Mark Brewer, Suzanne Mettler, Trevor Brown, Brown, Ron Kaufman, Kaufman, Mitt Romney, George H, Bush, Biden, Tom Perez, I'm, John Piotti, James Gimpel, Gimpel, Orange, Dick Bouchard, Janet Mills, Jared Golden, overplaying, TRUMP, Paul Tewes, Matt Hildreth, Nathan Layne, Heather Timmons, Suzanne Goldenberg Organizations: REUTERS, Rights, U.S . Department, Republicans, Democratic, Biden, Republican, Reuters Graphics Reuters, Trump, University of Maine, Cornell, Republican National Committee, Democratic National Committee, Political, Trust, Pew, Center for Information, Research, Civic, Tufts University . White, Family Foundation, Data, University of Maryland, Pew Research, DEMOCRATS Maine, Maine, Reuters, Democrats, Democratic Party, Thomson Locations: Waterville , Maine, U.S, Waterville, Presque Isle, America, North Carolina, Georgia, Wisconsin, Pennsylvania, Maine, Orono, Nebraska, Massachusetts, Utah, Maine's, Vietnam, Poland, Iowa, Ohio , Montana

☆ Inside Tampa's plan to build more affordable housing as the city's popularity explodes
▼ + stars: | 2023-08-24 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Those worries are pushing the city to look for ways to get developers to build more housing — including affordable units, Tampa Mayor Jane Castor told Insider. In order to ease the hardships that some residents are facing, Castor said the city is incentivizing developers to increase housing supply generally. An influx of residents has helped drive up housing prices Tampa. Typically, such arrangements let builders move ahead with projects if development plans include affordable or workforce housing.

Persons: Jane Castor, somethings, Castor, it's, Walter Bibikow Organizations: Service, Tampa, Getty Images Locations: Tampa, Florida, Wall, Silicon, Austin , Texas, San Francisco, Rent.com, Clearwater Beach, Ixefra, Getty Images Tampa

☆ The biggest banks are not in peril despite Fitch warning, says Rockland Trust's Doug Butler
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe biggest banks are not in peril despite Fitch warning, says Rockland Trust's Doug ButlerDoug Butler, Rockland Trust senior vice president, joins 'Power Lunch' to discuss Fitch's warnings about banks and the broader market.

Persons: Fitch, Rockland, Doug Butler Doug Butler Organizations: Rockland Trust

☆ ‘Tree of the Year’: Ancient and iconic trees are competing for UK title
▼ + stars: | 2023-08-15 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +2 min

Rolex’s Perpetual Planet initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. “Ancient trees in towns and cities are vital for the health of nature, people and planet,” Naomi Tilley, lead campaigner at the Woodland Trust, said in a press release. “They give thousands of urban wildlife species essential life support, boost the UK’s biodiversity and bring countless health and wellbeing benefits to communities.”According to a 2020 study, ancient trees are in global decline. Despite their demonstrated resilience across centuries, ancient trees might struggle to adapt to the rapid environmental and climatic shifts anticipated in the years ahead. “Most ancient trees aren’t protected by law,” continued Tilley.

Persons: CNN —, ” Naomi Tilley, “, ”, Tilley Organizations: CNN, Woodland Trust, Sheffield City Council Locations: Lincolnshire, England, ”, “

It began Friday in the New York Mountains of California’s Mojave National Preserve and crossed state lines into Nevada on Sunday. The fire is burning through and threatening groves of Joshua trees – the branching, spiky plants of the Mojave Desert that can live more than 150 years. The Mojave National Preserve is a significant hotspot for biodiversity, with one conservationist calling it the “crown jewel” of the deserts of Southern California. But rain in the Mojave Desert, which is seasonal and scarce, “poses a unique challenge to firefighters,” the Mojave National Preserve said. They will be on the lookout for desert tortoises, making sure to avoid burrows and active individuals,” the Mojave National Preserve said.

Persons: Joshua, Joshua trees, Marc Peebles, Cody Hanford, “, ” Hanford, David Swanson, ” Laura Cunningham, ” Cunningham Organizations: CNN, York, Land Trust, Getty, Mojave, KVVU, National Park Service, Park Service Mojave National, Firefighters, National Interagency Fire Center, Preserve, “ Locations: California, Nevada, New York, Southern California, Mexico, AFP, Cima

☆ What’s ahead this week for Wall Street and the economy
▼ + stars: | 2023-07-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Case Shiller house price index for May and consumer confidence for July from the Conference Board. Earnings reports from AT&T, Boeing, Meta Platforms, Mattel, Stellantis and Chipotle Mexican Grill. Earnings reports from Coca-Cola, Mondelez, Honeywell, Keurig Dr Pepper, Royal Caribbean, Anheuser-Busch Inbev, Southwest Airlines and Hershey. Friday: Personal Consumption Expenditures price index for June, Employment Cost Index for the second quarter and University of Michigan consumer sentiment for July. Earnings reports from Procter & Gamble, Chevron and Exxon Mobil.

Persons: Jerome Powell, David Smith, Powell, Christopher Waller, ”, Dustin Thackeray, Tesla, Chris Isidore, —, Case, Dr Pepper Organizations: CNN Business, Bell, CNN, Fed, Traders, Rockland Trust, Big Tech, Microsoft, Meta, Crewe Advisors, Nasdaq, Netflix, Safety, Health Administration, doesn’t, Biden Administration, Bureau of Labor Statistics —, Ryanair, Federal Reserve, Conference Board, General Motors, Daniels, Midland, Verizon, PacWest, Boeing, Mattel, Honeywell, Anheuser, Busch Inbev, Southwest Airlines, Hershey, University of Michigan, Procter & Gamble, Chevron, Exxon Mobil Locations: Rockland, American, United States, PacWest Bank, Royal Caribbean

☆ Community Land Trusts Are Working to Create New Homeowners
▼ + stars: | 2023-07-08 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +2 min

The community land trust model was largely used in rural communities until the 1980s, when Cincinnati became the first city to have a land trust operate in an urban neighborhood. In 1984, Senator Sanders, who was then the mayor of Burlington, created one to help address his city’s housing crisis. In 2020, the East Harlem El Barrio community land trust bought four apartment buildings that had fallen into disrepair from the city for one dollar each. Around the country, activists have also used community land trusts in nontraditional ways. Steve King, the executive director of the Oakland Community Land Trust, said California has seen its number of land trusts double in the last few years.

Persons: Sanders, Athena Bernkopf, West, Steve King Organizations: Cincinnati, East Harlem El, Preservation, East, Land Trust Locations: Burlington, New York, East Harlem El Barrio, East Harlem, Leimert, Los Angeles, Mr, Oakland, California

☆ The good news and the unknowns for bank stocks after the Fed's latest stress tests
▼ + stars: | 2023-06-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Understandable because this year's stress tests came against a backdrop of uncertainty for the sector. The stress tests Starting in the aftermath of the 2007-2009 Great Financial Crisis, bank stress tests were designed as a tool to ensure that so-called too-big-to-fail institutions could endure a similar calamity. WFC MS YTD mountain Wells Fargo vs. Morgan Stanley YTD performance It's worth noting that Wells Fargo is in a unique situation compared to its rivals. He added that the "stress tests only really address a macro environment where rates decline during a crisis. A sign is posted in front of a Wells Fargo Bank on April 14, 2023 in San Bruno, California.

Persons: Morgan Stanley, Nicholas Colas, Wells Fargo, Doug Butler, Wells, Colas, Chris Kotowski, Oppenheimer, Banks, Kotowski, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Silicon Valley Bank, Bank, Research, CNBC, Fed, JPMorgan, Bank of America, Rockland Trust, Citi, Equity, WFC, Wall, Wells Fargo Bank Locations: U.S, Silicon, Wells, Rockland, Wells Fargo, San Bruno , California

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