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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
Tina Kotek said she was committed to developing a transparent roadmap for exploring offshore wind opportunities with the input of coastal and tribal communities. As a next step, BOEM said it will prepare an environmental assessment on the potential impacts of leasing offshore wind farms. The offshore wind industry in the U.S. is growing after lagging behind Europe for decades. The first auction of leases to develop commercial-scale floating farms was held in 2022, for five sites off the coast of California. The administration has set a goal of 30 gigawatts of offshore wind energy by 2030 using traditional technology that secures wind turbines to the ocean floor.
Persons: Tina Kotek, ” Kotek, ” BOEM, Brad Kneaper, BOEM, Joe Biden Organizations: of Ocean Energy Management, Oregon Gov, Tribal Locations: PORTLAND, Oregon, Coos Bay, Brookings, California, Coos, Lower Umpqua, U.S, New York
When two Native American boys from Nebraska died after being taken to a notorious boarding school hundreds of miles away in Pennsylvania, they were buried there without notice. After it opened in 1879 in an old Army barracks, thousands of Native American children were sent by train and stagecoach to Carlisle. In 1990, Congress passed the Native American Graves Protection and Repatriation Act, or NAGPRA. Interior Secretary Deb Haaland, the first Native American Cabinet secretary, has pushed the government to reckon with its role in Native American boarding schools. At least 500 children died at some of the schools, including Carlisle.
Persons: Samuel Gilbert, Edward Hensley, Samuel, Edward, weren't, Jan, , Greg Werkheiser, Richard Henry Pratt, Jim Thorpe, , Deb Haaland, , Beth Wright Organizations: Nebraska, Army, Carlisle Indian Industrial School, , Cultural Heritage Partners, Department of Interior, War Department, Medical Field Service School, American, Protection, United States Congress, Interior, Native American, Native American Rights Fund Locations: Pennsylvania, Winnebago, Carlisle, Nebraska, Servicemembers, Lake, Washoe, Umpqua, Ute, Rosebud Sioux, Northern Arapaho, Blackfeet, Oglala Sioux, Oneida, Omaha, Modoc , Iowa
“The North Umpqua River’s diverse fish populations are unique within Oregon and are of considerable social, cultural, and economic importance locally and regionally,” the fish and wildlife department said in a news release. Environmental groups have long criticized the dam, describing it as an old, disintegrating structure that kills or prevents fish including lamprey and salmon from swimming upstream. Jim McCarthy, Southern Oregon Program Director of WaterWatch of Oregon, said he hoped the damages claim would mark a turning point for lamprey conservation. To carry out the repairs, the district received authorization from the fish and wildlife department to temporarily drain part of the reservoir behind the dam and close the fish ladder. Two days later, the fish and wildlife department determined that an emergency salvage operation was necessary and recruited employees from across the western side of the state to assist.
Persons: they've, Ryan Beckley, Jim McCarthy, , Salem . State Sen, Jeff Golden, ___ Claire Rush Organizations: , Oregon Department of Fish, Wildlife, Winchester Water Control, Jim McCarthy , Southern Oregon, Water Resources, Associated Press, America Statehouse News Initiative, America Locations: PORTLAND, — Oregon, Douglas County, Winchester, Oregon, Umpqua, Jim McCarthy ,, Salem . State, Fish
Oregon voters will determine Tuesday whether to pass stricter gun laws — the only ballot measure nationwide that addresses gun violence. Supporters, including shooting survivors in the state and across the country, say Oregon Measure 114 is necessary to reduce gun injuries and deaths. Everytown for Gun Safety, a nonprofit group that advocates gun control, said 55% of mass shootings since 2009 have involved firearms with high-capacity magazines. During a recent virtual news conference, a handful of people who have experienced mass shootings in Oregon voiced their support for the ballot proposition. Deschutes County Sheriff Shane Nelson, who is also president of the nonprofit Oregon State Sheriffs’ Association, said it would cost local agencies over $49 million annually.
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