covid pandemic – Rio World http://rioworld.org/ Fri, 25 Mar 2022 19:41:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://rioworld.org/wp-content/uploads/2021/10/icon-8-120x120.png covid pandemic – Rio World http://rioworld.org/ 32 32 Breast biopsy device market is booming globally https://rioworld.org/breast-biopsy-device-market-is-booming-globally/ Fri, 04 Mar 2022 12:17:47 +0000 https://rioworld.org/breast-biopsy-device-market-is-booming-globally/ According to research experts from Qurate Research, “Global Breast biopsy devices Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth research studies on many aspects of the global Breast Biopsy Devices industry. It is an admirable effort to offer a true and transparent picture of […]]]>

According to research experts from Qurate Research, “Global Breast biopsy devices Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth research studies on many aspects of the global Breast Biopsy Devices industry. It is an admirable effort to offer a true and transparent picture of the current and future conditions of the global Breast Biopsy Devices market based on credible facts and exceptionally accurate data.

“Global Breast Biopsy Devices Market Overviews, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028,” according to a report by Qurate Research. Several in-depth research studies on various facets of the global breast biopsy devices market are included in the report. It is a commendable effort to present a fair and transparent view of the existing and future situations of the global Breast Biopsy Devices market based on reliable facts and extraordinarily accurate statistics.

The main players profiled in this report are:

555BF
Energizing Batteries
Spectrum Marks
Sonluk
panasonic
Fujitsu
MUSTANG
3circles
Huatai
Sunwatt
Nanfu
Toshiba

Key Segmentation of the Breast Biopsy Devices Market:

Market by type
AA
AAA
Battery C
Battery D
9V battery

Market by Application

Flashlights
Entertainment
Toy and Novelty
Remote control
Others
Scope of Breast Biopsy Devices Market Report:
The research examines the major players of the global Breast Biopsy Devices market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments and other factors. It also sheds light on the vendor landscape, helping players forecast future competitive moves in the global Breast Biopsy Devices market.

This study estimates the market size in terms of value (million USD) and volume (million units) (K units). Both top-down and bottom-up techniques have been used to estimate and validate the market size of the Breast Biopsy Devices market, as well as the size of various other dependent submarkets in the overall market. To identify significant players in the market, secondary research was used, and both primary and secondary research were used to determine their market shares. All breakdowns and percentage breakdowns have been calculated using secondary sources and verified sources.

The updated market report is available at the link below: @ https://www.qurateresearch.com/report/buy/HnM/covid-version-global-breast-biopsy-devices-market/QBI-99S -HnM-1087828/

COVID-19 pandemic had a major influence on the Breast Biopsy Devices industry. In the second quarter, the sector showed signs of recovery around the world, but the long-term recovery remains a concern as COVID-19 cases continue to rise, especially in Asian countries like India. series of setbacks and surprises. As a result of the outbreak, many shifts in buyer behavior and thinking have occurred. As a result, the industry is even more stressed. As a result, market expansion should be limited.

Breast Biopsy Devices Market Region Majorly Focusing:
— European market for breast biopsy devices (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, United Kingdom),
– Asia-Pacific and Australia breast biopsy devices market (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia and Japan),
– The market for breast biopsy devices in the Middle East and Africa (Saudi Arabia, South Africa, Egypt, Morocco and Nigeria),
– Latin America/South America Breast Biopsy Devices Market (Brazil and Argentina), – North America Breast Biopsy Devices Market (Canada, Mexico and United States)

A sample free report from Qurate Research includes: FREE PDF SAMPLE
1) Introduction, Overview and In-Depth Industry Analysis for 2021 Updated Report
2) Impact analysis of the COVID-19 outbreak
3) A research report of more than 205 pages
4) Upon request, provide chapter-by-chapter assistance.
5) Updated regional analysis for 2021 with graphical representation of size, share and trends
6) Includes an updated list of tables and figures.
7) The report has been updated to include business strategies, sales volume, and revenue analysis of key market players.
8) Methodology of facts and factors for research

The main questions answered by this report are:
• How to get a free copy of Sample Breast Biopsy Devices Market Report and Company Profiles?
• What are the major drivers for the expansion of the Breast Biopsy Devices market?
• What is the anticipated market size and growth rate of the Breast Biopsy Devices market?
• Who are the leading companies in the Breast Biopsy Devices market?
• Which market segments does the breast biopsy devices market cover?

Contents:

Chapter 1 Breast Biopsy Devices Market Introduction
Chapter 2 Executive
2.1 Breast Biopsy Devices Market 3600 Overview, 2018 – 2028
2.1.1 Industry trends
2.1.2 Material trends
2.1.3 Product trends
2.1.4 Operating trends
2.1.5 Distribution channel trends
2.1.6 Regional trends

Chapter 3 Breast Biopsy Devices Market Overview
3.1 Industry Segmentation
3.2 Industry Ecosystem Analysis
3.2.1 Component Suppliers
3.2.2 Producers
3.2.3 Profit Margin Analysis
3.2.4 Distribution Channel Analysis
3.2.5 Impact of COVID-19 on the market value chain
3.2.6 Vendor Analysis
3.3 Technology landscape
3.4 Regulatory landscape
3.4.1 North America
3.4.2 Europe
3.4.3 Asia-Pacific
3.4.4 Latin America
3.4.5 Middle East and Africa
3.5 Price Analysis (including impact of COVID-19)
3.5.1 By region
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia-Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East and Africa
3.5.2 Cost structure analysis
3.6 Industry impact forces
3.6.1 Drivers of growth
3.6.2 Industry Disadvantages and Challenges
3.6.2.1 Focus on weight reduction
3.7 Innovation & sustainability
3.8 Growth Potential Analysis, 2020
3.9 Competitive landscape, 2020
3.9.1 Company Market Share
3.9.2 Main actors
3.9.3 Strategy Dashboard
3.10 Porter’s analysis
3.11 PILON analysis

Chapter 4 Disclaimer

A question? Inquire here for discount or report customization

Contact us:

Nehal Chinoy Qurate Business Intelligence Pvt ltd.
Web: www.qurateresearch.com
E-mail:[email protected]
Telephone: United States – +13393375221

*Thank you for reading this article ; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

]]>
2029 Global Pet Products Market Future Growth Analysis https://rioworld.org/2029-global-pet-products-market-future-growth-analysis/ Wed, 09 Feb 2022 22:20:28 +0000 https://rioworld.org/2029-global-pet-products-market-future-growth-analysis/ A market study on the global pet products market examines the performance of the pet products market in 2022. It includes an in-depth analysis of the status of the pet products market and the competitive landscape at worldwide. Global Pet Food Market can be obtained through market details such as growth drivers, latest developments, Pet […]]]>

A market study on the global pet products market examines the performance of the pet products market in 2022. It includes an in-depth analysis of the status of the pet products market and the competitive landscape at worldwide. Global Pet Food Market can be obtained through market details such as growth drivers, latest developments, Pet Food Market business strategies, regional study and future status of the Marlet. The report also covers insights, including the latest opportunities and challenges in the Pet Products industry, as well as historical and future Pet Products market trends. It focuses on the market dynamics which are constantly changing due to technological advancements and socio-economic status.

Get a Free Copy of Pet Food Market Report 2022: https://calibreresearch.com/report/global-pet-product-market-219539#request-sample

Recent market research on the Pet Products market analyzes the crucial factors of the Pet Products market based on the current industry situation, market demands, business strategies adopted by players in the pet products market and their growth scenario. This report isolates the Pet Foods market based on key players, type, application, and regions. First of all, Pet Food Market report will offer in-depth knowledge about the company profile, its core products and specifications, revenue generated, production cost, contact persons . The report covers forecast and analysis of the pet products market on a global and regional level.

COVID-19 impact analysis:

In this report, pre- and post-COVID impact on market growth and development is well described for better understanding of pet products market on the basis of financial and industry analysis. The COVID-19 pandemic has affected a number of markets and the global pet products market is no exception. However, the dominant players in the global pet products market are determined to adopt new strategies and seek new sources of funding to overcome the growing hurdles for market growth.

Key Players Studied in the Pet Products Market Report:

Spectrum Marks
hartz
Central Garden & Pet Company
Consumer Solutions Jarden
Wahl Clipper Corporation
and is
Geib Buttercut
PetEdge
Rolf C. Hagen
Petmate
Coastal Pet Products
Millers Forge
Chris Christensen Systems
Bio-Groom
TropiClean
Lambert Kay
Davis
Earth bath
Synergy Laboratories
Pet Champion
Miracle care
Cardinal Laboratories
Have a question about Pet Products Industry Report 2022: https://calibreresearch.com/report/global-pet-product-market-219539#inquiry-for-buying

The types of products uploaded on the pet products market are:

pet food products
Pharmaceuticals for pets
Pet health products
Pet food products
Pet Clothing Products
Pet cleaning products
Pet beauty products
Pet Toy Products
Other Pet Products

The main applications of this report are:

Cat
Dog
Fish
Pork
Rabbit
Others

The regional coverage of the Pet Products market is:

North American market (United States, North American countries and Mexico),
Europe market (Germany, pet products market in France, UK, Russia and Italy),
Asia-Pacific market (China, Japan and Korea pet products market, Asian country and Southeast Asia),
South America (Brazil, Argentina, Republic of Colombia, etc.), geographical area
Africa (Saudi Peninsula, United Arab Emirates, Egypt, Nigeria and South Africa)

The Pet Products report provides past, present and future Pet Products industry size, trends and forecast information related to revenue, growth, demand and business scenario. supply of expected pet products. In addition, the opportunities and threats to the development of the pet products market forecast period from 2022 to 2029 are also thoroughly covered in this research document.

Get a full report for better understanding : https://calibreresearch.com/report/global-pet-product-market-219539

In addition, the Pet Products report provides company profile, market share and contact information along with value chain analysis of the Pet Products industry. company, Pet Products industry rules and methodologies, circumstances driving market growth, and restraints blocking growth. The pet products market development scope and various business strategies are also mentioned in this report.

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SPECTRUM BRANDS HOLDINGS, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q) https://rioworld.org/spectrum-brands-holdings-inc-managements-discussion-and-analysis-of-financial-condition-and-results-of-operations-form-10-q/ Fri, 04 Feb 2022 21:13:06 +0000 https://rioworld.org/spectrum-brands-holdings-inc-managements-discussion-and-analysis-of-financial-condition-and-results-of-operations-form-10-q/ introduction The following is management's discussion of the financial results, liquidity and other key items related to our performance and should be read in conjunction with the Condensed Consolidated Financial Statements and related notes included in Item 1 of this Quarterly Report on Form 10-Q. Unless the context indicates otherwise, the term the "Company," "we," […]]]>

introduction

The following is management's discussion of the financial results, liquidity and
other key items related to our performance and should be read in conjunction
with the Condensed Consolidated Financial Statements and related notes included
in Item 1 of this Quarterly Report on Form 10-Q. Unless the context indicates
otherwise, the term the "Company," "we," "our," or "us" are used to refer to
Spectrum Brands Holdings, Inc. and its subsidiaries ("SBH") and SB/RH Holdings,
LLC and its subsidiaries ("SB/RH"), collectively.
Business Overview
The Company is a diversified global branded consumer products company.  We
manage the businesses in three vertically integrated, product-focused segments:
(i) Home and Personal Care ("HPC"), (ii) Global Pet Care ("GPC"), and (iii) Home
and Garden ("H&G"). The Company manufactures, markets and/or distributes its
products globally in the North America ("NA"), Europe, Middle East & Africa
("EMEA"), Latin America ("LATAM") and Asia-Pacific ("APAC") regions through a
variety of trade channels, including retailers, wholesalers and distributors. We
enjoy strong name recognition in our regions under our various brands and
patented technologies across multiple product categories. Global and geographic
strategic initiatives and financial objectives are determined at the corporate
level. Each segment is responsible for implementing defined strategic
initiatives and achieving certain financial objectives and has a president
responsible for sales and marketing initiatives and the financial results for
all product lines within that segment. The segments are supported through
center-led shared service operations consisting of finance and accounting,
information technology, legal, human resources, supply chain and commercial
operations. See Note 20 - Segment Information for more information pertaining to
segments of continuing operations. The following is an overview of the
consolidated business, by segment, summarizing product types and brands:
  Segment                               Products                                             Brands

HPC                Home Appliances: Small kitchen appliances including      

Appliances: Black & Decker®,

                   toaster ovens, coffeemakers, slow cookers,               

Russell Hobbs®, George Foreman®,

                   blenders, hand mixers, grills, food processors,          

Toastmaster®, Juiceman®, Farberware®,

                   juicers, toasters, irons, kettles, and bread             

and Breadman®

                   makers.                                                  

Personal Care: Remington®, and

                   Personal Care: Hair dryers, flat irons and                LumaBella®
                   straighteners, rotary and foil electric shavers,
                   personal groomers, mustache and beard trimmers,
                   body groomers, nose and ear trimmers, women's
                   shavers, and haircut kits.
GPC                Companion Animal: Rawhide chews, dog and cat            

Pet: 8IN1® (8-in-1),

                   clean-up, training, health and grooming products,        

Dingo®, Nature’s Miracle®, wild

                   small animal food and care products, rawhide-free        

Harvest™, Littermaid®, Jungle®, Excel®,

                   dog treats, and wet and dry pet food for dogs and        

FURminator®, IAMS® (Europe alone),

                   cats.                                                    

Eukanuba® (Europe only), Healthy-Hide®,

                   Aquatics: Consumer and commercial aquarium kits,         

DreamBone®, SmartBones®, ProSense®,

                   stand-alone tanks; aquatics equipment such as            

Perfect Coat®, eCOTRITION®, Birdola®,

                   filtration systems, heaters and pumps; and aquatics      

Good Boy®, Meowee!®, Wildbird® and

                   consumables such as fish food, water management and      

Wafcol®

                   care.                                                    

Aquatic: Tetra®, Marineland®,

Whisper®, Instant Ocean®, GloFish®,

                                                                             OmegaOne® and OmegaSea®
H&G                Household: Household pest control solutions such as      

Household: Hot Shot®, Black Flag®,

                   spider and scorpion killers; ant and roach killers;      

Real-Kill®, Ultra-Kill®, The Ant Trap®

                   flying insect killers; insect foggers; wasp and          

(TAT) and Rid-A-Bug®.

                   hornet killers; and bedbug, flea and tick control        

Controls: Spectracide®, Garden Safe®,

                   products.                                                

Liquid Fence® and EcoLogic®.

                   Controls: Outdoor insect and weed control                

Repellents: Cutter® and Repel®.

                   solutions, and animal repellents such as aerosols,       

Cleaning: Rejuvenate®

                   granules, and ready-to-use sprays or hose-end
                   ready-to-sprays.
                   Repellents: Personal use pesticides and insect
                   repellent products, including aerosols, lotions,
                   pump sprays and wipes, yard sprays and citronella
                   candles.
                   Cleaning: Household surface cleaning, maintenance,
                   and restoration products, including bottled
                   liquids, mops, wipes and markers.


The Company has a trademark license agreement (the "License Agreement") with
Stanley Black & Decker ("SBD") pursuant to which we license the Black & Decker®
(B&D) brand in North America, Latin America (excluding Brazil) and the Caribbean
for four core categories of household appliances within the Company's HPC
segment: beverage products, food preparation products, garment care products and
cooking products; which was set to expire December 31, 2021. The Company renewed
the License Agreement through June 30, 2025, including a sell-off period from
April 1, 2025 to June 30, 2025 whereby the Company can continue to sell and
distribute but no longer produce products subject to the License Agreement.
Under the terms of the License Agreement, we agree to pay SBD royalties based on
a percentage of sales, with minimum annual royalty payments of $15.0 million,
with the exception of the minimum annual royalty will no longer be applied
effective January 1, 2024 through the expiration of the agreement on June 30,
2025. The License Agreement also requires us to comply with maximum annual
return rates for products. Subsequent to the completion of the License
Agreement, there are no non-competition provisions or restrictions provided
following its expiration. See Note 5 - Revenue Recognition for further detail on
revenue concentration from B&D branded products.
On September 8, 2021, the Company entered into a definitive Asset and Stock
Purchase Agreement with ASSA ABLOY AB ("ASSA") to sell its Hardware and Home
Improvement ("HHI") segment for cash proceeds of $4.3 billion, subject to
customary purchase price adjustments. HHI consists of residential locksets and
door hardware, including knobs, levers, deadbolts, handle sets, and electronic
and connected locks under the Kwikset®, Weiser®, Baldwin®, Tell Manufacturing®,
and EZSET® brands; kitchen and bath faucets and accessories under the Pfister®
brand; and builders' hardware consisting of hinges, metal shapes, security
hardware, rack and sliding door hardware, and gate hardware under the National
Hardware® and FANAL® brands. The Company's assets and liabilities associated
with the HHI disposal group have been classified as held for sale and the HHI
operations have been classified as discontinued operations for all periods
presented and notes to the consolidated financial statements have been updated
for all periods presented to exclude information pertaining to discontinued
operations and reflect only the continuing operations of the Company. Refer to
Note 2 - Divestitures for more information on the HHI divestiture including the
assets and liabilities classified as held for sale and income from discontinued
operations. The Company is engaged with antitrust regulators in the ongoing
regulatory review of the transaction and the Company is currently working to
respond to such regulators' requests for additional information. Although the
timing and outcome of the regulatory process cannot be predicted, the Company
currently expects the merger review process to last for several months. As such,
though there can be no assurance when the transaction will close, if at all, the
Company does not expect the transaction to close before June 2022.
SB/RH is a wholly owned subsidiary of SBH. Spectrum Brands, Inc. ("SBI"), a
wholly-owned subsidiary of SB/RH incurred certain debt guaranteed by SB/RH and
domestic subsidiaries of SBI. See Note 10 - Debt for more information pertaining
to debt. The reportable segments of SB/RH are consistent with the segments of
SBH.

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Acquisitions
The Company periodically evaluates strategic transactions that may result in the
acquisition of a business or assets that qualify as recognition of a business
combination. Acquisitions may impact the comparability of the consolidated or
segment financial information with the inclusion of operating results for the
acquired business in periods subsequent to acquisition date, the inclusion of
acquired assets, both tangible and intangible (including goodwill), and the
related amortization and depreciation of acquired assets. Moreover, the
comparability of consolidated or segment financial information may be impacted
by incremental costs to facilitate the transaction and supporting integration
activities of the acquired operations with the consolidated group. The following
acquisition activity may have a significant impact on the comparability of the
financial results on the condensed consolidated financial statements.
•On May 28, 2021, the Company acquired all ownership interests in For Life
Products, LLC ("FLP") for a purchase price of $301.5 million. FLP is a leading
manufacturer of household cleaning, maintenance, and restoration products sold
under the Rejuvenate® brand. The net assets and operating results of FLP are
included in the Company's Condensed Consolidated Statements of Income and
reported within the H&G reporting segment for the three month period ended
January 2, 2022.
•On October 26, 2020, the Company completed the acquisition of Armitage Pet Care
Ltd ("Armitage") for $187.7 million. Armitage is a premium pet treats and toys
business in Nottingham, United Kingdom including a portfolio of brands that
include Armitage's dog treats brand, Good Boy®, cat treats brand, Meowee!®, and
Wildbird® bird feed products, among others, that are predominantly sold within
the United Kingdom. The net assets and results of operations of Armitage are
included in the Company's Condensed Consolidated Statements of Income and
reported within the GPC reporting segment for the three month period ended
January 2, 2022 and the three month period ended January 3, 2021, effective as
of the acquisition date of October 26, 2020.
See Note 3 - Acquisitions in the Notes to the Condensed Consolidated Financial
Statements, included elsewhere in this Quarterly Report, for more information.
Restructuring Activity
We continually seek to improve our operational efficiency, match our
manufacturing capacity, and product costs to market demand and better utilize
our manufacturing resources. We have undertaken various initiatives to reduce
manufacturing and operating costs, which may have a significant impact on the
comparability of financial results on the condensed consolidated financial
statements. See Note 4 - Restructuring and Related Charges in the Notes to the
Condensed Consolidated Financial Statements, included elsewhere in this
Quarterly Report for more information.
Refinancing Activity
Financing activity during and between comparable periods may have a significant
impact on the comparability of financial results on the condensed consolidated
financial statements. During the year ended September 30, 2021, the Company
completed its offering of $500.0 million aggregate principal amount of its
3.875% Notes and entered into a new Term Loan Facility in the aggregate
principal amount of $400.0 million on March 3, 2021. The Company also redeemed
$250.0 million of the 6.125% Notes and $550.0 million of the 5.75% Notes, with a
call premium of $23.4 million and non-cash write-off of unamortized debt
issuance costs of $7.9 million recognized as interest expense.
COVID-19
The COVID-19 pandemic and the resulting regulations continue to cause economic
and social disruptions that contribute to ongoing uncertainties and may have an
impact on the operations, cash flow and net assets of the Company. Such impacts
may include, but are not limited to, volatility of demand for our products;
disruptions and cost implications in manufacturing and supply arrangements;
inability of third parties to meet obligations under existing arrangements; and
significant changes to the political and economic environments in which we
manufacture, sell, and distribute our products. The Company expects a continuing
inflationary environment, marked with higher manufacturing and logistics costs
as well as continued constraints with transportation and supply chain
disruptions.
Despite the supply implications, the Company has experienced increased demand
for our products compared to pre-pandemic levels. There have also been changes
in consumer needs and spending during the COVID-19 pandemic, and while demand
for our products remain strong, our teams continue to monitor demand shifts and
there can be no assurance as to the level of demand that will prevail throughout
the fiscal year. We believe the severity and duration of the COVID-19 pandemic
to be uncertain and may contribute to retail volatility and consumer purchase
behavior changes.
The COVID-19 pandemic has not had a materially negative impact on the Company's
liquidity position and we have not observed any material impairments. We
continue to actively monitor our global cash and liquidity, and if necessary,
could reinitiate mitigating efforts to manage non-critical spending and assess
operating spend to preserve cash and liquidity. We continue to generate
operating cash flows to meet our short-term liquidity needs, and we expect to
maintain access to the capital markets, although there can be no assurance of
our ability to do so.
We expect the ultimate significance of the impact on our financial condition,
results of operations, and cash flows will be dictated by the length of time
that such circumstances continue, which will ultimately depend on the
unforeseeable duration and severity of the COVID-19 pandemic, the emergence of
variants and the effectiveness of vaccines against these variants, and any
governmental and public actions taken in response.
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  Table of Contents
Non-GAAP Measurements
Our consolidated and segment results contain non-GAAP metrics such as organic
net sales, and adjusted EBITDA ("Earnings Before Interest, Taxes, Depreciation,
Amortization") and adjusted EBITDA margin. While we believe organic net sales
and adjusted EBITDA are useful supplemental information, such adjusted results
are not intended to replace our financial results in accordance with Accounting
Principles Generally Accepted in the United States ("GAAP") and should be read
in conjunction with those GAAP results.
Organic Net Sales. We define organic net sales as net sales excluding the effect
of changes in foreign currency exchange rates and impact from acquisitions (when
applicable). We believe this non-GAAP measure provides useful information to
investors because it reflects regional and operating segment performance from
our activities without the effect of changes in currency exchange rates and
acquisitions. We use organic net sales as one measure to monitor and evaluate
our regional and segment performance. Organic growth is calculated by comparing
organic net sales to net sales in the prior year. The effect of changes in
currency exchange rates is determined by translating the period's net sales
using the currency exchange rates that were in effect during the prior
comparative period. Net sales are attributed to the geographic regions based on
the country of destination. We exclude net sales from acquired businesses in the
current year for which there are no comparable sales in the prior year.
The following is a reconciliation of reported net sales to organic net sales for
the three month period ended January 2, 2022 compared to net sales for the three
month period ended January 3, 2021:
                                                                           January 2, 2022

                                                                             Net Sales
Three Month Periods                                  Effect of            Excluding Effect
Ended                                                Changes in            of Changes in              Effect of               Organic               Net Sales
(in millions, except %)         Net Sales             Currency                Currency               Acquisitions            Net Sales           January 3, 2021                  Variance
HPC                           $    379.7          $         5.1          $         384.8          $             -          $    384.8          $          378.5          $    6.3             1.7  %
GPC                                302.2                    2.2                    304.4                     (8.8)              295.6                     275.4              20.2             7.3  %
H&G                                 75.3                      -                     75.3                     (7.7)               67.6                      82.3             (14.7)          (17.9) %
Total                         $    757.2          $         7.3          $         764.5          $         (16.5)         $    748.0          $          736.2              11.8             1.6  %




                                       35
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  Table of Contents
Adjusted EBITDA and Adjusted EBITDA Margin. Adjusted EBITDA and Adjusted EBITDA
Margin are non-GAAP measures used by management, which we believe provide useful
information to investors because they reflect ongoing operating performance and
trends of our segments, excluding certain non-cash based expenses and/or
non-recurring items during each of the comparable periods. They also facilitate
comparisons between peer companies since interest, taxes, depreciation, and
amortization can differ greatly between organizations as a result of differing
capital structures and tax strategies. Adjusted EBITDA is also used for
determining compliance with the Company's debt covenants. EBITDA is calculated
by excluding the Company's income tax expense, interest expense, depreciation
expense and amortization expense (from intangible assets) from net income.
Adjusted EBITDA further excludes:
•Stock based compensation costs consist of costs associated with long-term
incentive compensation arrangements that generally consist of non-cash,
stock-based compensation. During the three month period ended January 3, 2021,
compensation costs included incentive bridge awards previously issued due to
changes in the Company's LTIP that allowed for cash based payment upon employee
election but do not qualify for shared-based compensation, which were fully
vested in November 2020. See Note 16 - Share Based Compensation in the Notes to
the Condensed Consolidated Financial Statements, included elsewhere in this
Quarterly Report, for further details;
•Restructuring and related charges consist of project costs associated with the
restructuring initiatives across the Company's segments. See Note 4 -
Restructuring and Related Charges in the Notes to the Condensed Consolidated
Financial Statements, included elsewhere in this Quarterly Report, for further
details;
•Transaction related charges are attributable to costs from qualifying strategic
transaction or business opportunities, including an acquisition or divestiture,
whether or not consummated, subsequent integration related project costs,
divestiture support and incremental separation costs. See Note 1 - Basis of
Presentation & Significant Accounting Policies in the Notes to the Condensed
Consolidated Financial Statements, included elsewhere in this Quarterly Report,
for further details;
•Unallocated shared costs associated with discontinued operations from certain
shared and center-led administrative functions the Company's business units
excluded from income from discontinued operations as they are not a direct cost
of the discontinued business but a result of indirect allocations, including but
not limited to, information technology, human resources, finance and accounting,
supply chain, and commercial operations. Amounts attributable to unallocated
shared costs would be mitigated through subsequent strategic or restructuring
initiatives, TSAs, elimination of extraneous costs, or re-allocations or
absorption of existing continuing operations following the completed sale of the
discontinued operations. See Note 2 - Divestitures in Notes to the Condensed
Consolidated Financial Statements, included elsewhere in this Quarterly Report
for further details;
•Non-cash purchase accounting inventory adjustments recognized in earnings from
continuing operations subsequent to an acquisition;
•Non-cash asset impairments or write-offs realized and recognized in earnings
from continuing operations;
•Gains attributable to the Company investment in Energizer common stock during
the three month period ended January 3, 2021. which the Company subsequently
sold its remaining shares in January 2021. See Note 13 - Fair Value of Financial
Instruments in the Notes to the Condensed Consolidated Financial Statements,
included elsewhere in this Quarterly Report, for further details;
•Incremental reserves for non-recurring litigation or environmental remediation
activity including the proposed settlement on outstanding litigation matters at
our H&G division attributable to significant and unusual nonrecurring claims
with no previous history or precedent recognized during the three month period
ended January 3, 2021 and the subsequent remeasurement during the three month
period ended January 2, 2022;
•Incremental costs realized under a three-year tolling agreement entered into
with the buyer in consideration with the divestiture of the Coevorden Operations
on March 29, 2020, for the continued production of dog and cat food products
purchased to support the GPC commercial operations and distribution in Europe;
and
•Other adjustments are primarily attributable to (1) incremental fines and
penalties realized for delayed shipments following the transition of third-party
logistics service provider in GPC during the three month period ended January 2,
2022; and (2) costs associated with Salus as they are not considered a component
of the continuing commercial products company.
Adjusted EBITDA margin is calculated as Adjusted EBITDA as a percentage of
reported net sales for the respective period and segment.

                                       36
--------------------------------------------------------------------------------
  Table of Contents
The following is a reconciliation of net income to Adjusted EBITDA for the three
month periods ended January 2, 2022 and January 3, 2021 for SBH.
SPECTRUM BRANDS HOLDINGS, INC.                 HPC               GPC               H&G             Corporate          Consolidated
(in millions)
Three Month Period Ended January 2,
2022
Net income (loss) from continuing          $   19.0          $   11.7          $  (15.8)         $    (45.1)         $     (30.2)
operations
Income tax benefit                                -                 -                 -               (16.0)               (16.0)
Interest expense                                  -                 -                 -                21.8                 21.8
Depreciation and amortization                   7.8               9.2               4.7                 3.7                 25.4
EBITDA                                         26.8              20.9             (11.1)              (35.6)                 1.0
Share and incentive based                         -                 -                 -                 5.6                  5.6

compensation

Restructuring and related charges               0.6              11.4                 -                 5.4                 17.4
Transaction related charges                       -               2.4               4.3                 8.2                 14.9
Unallocated shared costs                          -                 -                 -                 6.8                  6.8
Legal and environmental remediation               -                 -              (0.5)                  -                 (0.5)

reservations

Coevorden tolling related charges                 -               1.5                 -                   -                  1.5
Other                                             -               2.5                 -                 0.1                  2.6
Adjusted EBITDA                            $   27.4          $   38.7          $   (7.3)         $     (9.5)         $      49.3
Net Sales                                  $  379.7          $  302.2          $   75.3          $        -          $     757.2
Adjusted EBITDA Margin                          7.2  %           12.8  %           (9.7) %                -                  6.5  %
Three Month Period Ended January 3,
2021
Net income (loss) from continuing          $   38.2          $   34.0          $   (0.5)         $    (56.0)         $      15.7
operations
Income tax benefit                                -                 -                 -                (4.1)                (4.1)
Interest expense                                  -                 -                 -                23.1                 23.1
Depreciation and amortization                   8.8               9.7               4.9                 3.7                 27.1
EBITDA                                         47.0              43.7               4.4               (33.3)                61.8
Share and incentive based                         -                 -                 -                 6.9                  6.9

compensation

Restructuring and related charges               2.6               1.5                 -                 4.9                  9.0
Transaction related charges                     1.3               6.0                 -                11.7                 19.0
Unallocated shared costs                          -                 -                 -                 6.7                  6.7
Inventory acquisition step-up                     -               0.8                 -                   -                  0.8
Gain on Energizer investment                      -                 -                 -                (6.0)                (6.0)
Legal and environmental remediation               -                 -               6.0                   -                  6.0

reservations

Coevorden tolling related charges                 -               1.6                 -                   -                  1.6
Other                                             -                 -                 -                 0.1                  0.1
Adjusted EBITDA                            $   50.9          $   53.6          $   10.4          $     (9.0)         $     105.9
Net Sales                                  $  378.5          $  275.4          $   82.3          $        -          $     736.2
Adjusted EBITDA Margin                         13.4  %           19.5  %           12.6  %                -                 14.4  %









                                       37
--------------------------------------------------------------------------------
  Table of Contents
The following is a reconciliation of net income to Adjusted EBITDA for the three
month periods ended January 2, 2022 and January 3, 2021 for SB/RH.
SB/RH HOLDINGS, LLC                            HPC               GPC               H&G             Corporate          Consolidated
(in millions)
Three Month Period Ended January 2,
2022
Net income (loss) from continuing          $   19.0          $   11.7          $  (15.8)         $    (45.0)         $     (30.1)
operations
Income tax benefit                                -                 -                 -               (15.8)               (15.8)
Interest expense                                  -                 -                 -                21.8                 21.8
Depreciation and amortization                   7.8               9.2               4.7                 3.7                 25.4
EBITDA                                         26.8              20.9             (11.1)              (35.3)                 1.3
Share and incentive based                         -                 -                 -                 5.6                  5.6

compensation

Restructuring and related charges               0.6              11.4                 -                 5.4                 17.4
Transaction related charges                       -               2.4               4.3                 8.2                 14.9
Unallocated shared costs                          -                 -                 -                 6.8                  6.8
Legal and environmental remediation               -                 -              (0.5)                  -                 (0.5)

reservations

Coevorden tolling related charges                 -               1.5                 -                   -                  1.5
Other                                             -               2.5                 -                   -                  2.5
Adjusted EBITDA                            $   27.4          $   38.7          $   (7.3)         $     (9.3)         $      49.5
Net Sales                                  $  379.7          $  302.2          $   75.3          $        -          $     757.2
Adjusted EBITDA Margin                          7.2  %           12.8  %           (9.7) %                -                  6.5  %
Three Month Period Ended January 3,
2021
Net income (loss) from continuing          $   38.2          $   34.0          $   (0.5)         $    (55.6)         $      16.1
operations
Income tax benefit                                -                 -                 -                (4.0)                (4.0)
Interest expense                                  -                 -                 -                23.2                 23.2
Depreciation and amortization                   8.8               9.7               4.9                 3.7                 27.1
EBITDA                                         47.0              43.7               4.4               (32.7)                62.4
Share and incentive based                         -                 -                 -                 6.9                  6.9

compensation

Restructuring and related charges               2.6               1.5                 -                 4.9                  9.0
Transaction related charges                     1.3               6.0                 -                11.7                 19.0
Unallocated shared costs                          -                 -                 -                 6.7                  6.7
Inventory acquisition step-up                     -               0.8                 -                   -                  0.8
Gain on Energizer investment                      -                 -                 -                (6.0)                (6.0)
Legal and environmental remediation               -                 -               6.0                   -                  6.0

reservations

Coevorden tolling related charges                 -               1.6                 -                   -                  1.6

Adjusted EBITDA                            $   50.9          $   53.6          $   10.4          $     (8.5)         $     106.4
Net Sales                                  $  378.5          $  275.4          $   82.3          $        -          $     736.2
Adjusted EBITDA Margin                         13.4  %           19.5  %           12.6  %                -                 14.5  %










                                       38

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Contents

© Edgar Online, source Previews

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Susan Tedeschi of the Tedeschi Trucks Band prepares for Red Rocks https://rioworld.org/susan-tedeschi-of-the-tedeschi-trucks-band-prepares-for-red-rocks/ Mon, 26 Jul 2021 22:57:11 +0000 https://rioworld.org/susan-tedeschi-of-the-tedeschi-trucks-band-prepares-for-red-rocks/ “red rocks is something we look forward to every year,” says singer-songwriter and guitarist Susan Tedeschi. from her home in Jacksonville, Florida, where the Massachusetts native has lived for twenty years. “Red Rocks to me is very Colorado, and you love nature and soaking up everything. If you’re that kind of person, that’s just amazing. […]]]>

red rocks is something we look forward to every year,” says singer-songwriter and guitarist Susan Tedeschi. from her home in Jacksonville, Florida, where the Massachusetts native has lived for twenty years. “Red Rocks to me is very Colorado, and you love nature and soaking up everything. If you’re that kind of person, that’s just amazing. We know it’s an honor and we don’t take it lightly. It’s a bit mind blowing every time we go. It looks like a sacred place.

Tedeschi and her husband, all-star slide guitarist and royal Derek Trucks of the Allman Brothers, have been touring and recording with the blues-rock Tedeschi Trucks Band since 2010; the act has happened at Red Rocks countless times. Due to the COVID-19 pandemic, 2020 marked the first time in what seems like forever that she hasn’t made the trip to Morrison. In fact, for the first time since the two longtime artists were in elementary school, they haven’t performed on any stage for a solid year.

“The first few months we actually planned to take off,” Tedeschi recalls, “but after about four months we were like, ‘What’s going on?’ It was really weird and surreal, but we kept busy.”

They kept busy mixing the songs of the Tedeschi Trucks Band New albuma 2019 live performance of the classic album Derek and the Dominos Layla and other assorted love songswith Phish’s Trey Anastasio sharing lead guitar and vocal duties, and also surprised their record company with another album which is currently in the works.

After the Layla The album was finished, Tedeschi recalls, “We were like, ‘We have to do something. We have to be creative. We have to go here. We kind of brainstormed with Mike Mattison, one of our bandmates from group, who graduated from Harvard, with a major in English. He had an idea: ‘Why don’t we all tap into the same subject?’ He inspired us with a poem from the 12th century and we all wrote music to and from that theme and we wrote 24 new songs and recorded them so we worked to try and finish that which is a incredible amount of music, and we’re thrilled about it.”

More so than on previous Tedeschi Trucks records, the songs came from many of the bandmates rather than the band’s husband and wife stars.

“It was really exciting to be able to put ourselves forward and all work together,” Tedeschi said, “but it also made us say, ‘We have to do something for our fans.’ It’s also what sparked the Fireside Sessions during the pandemic.

The act’s popular Fireside Sessions, which spotlighted various smaller incarnations of the twelve-member group of Tedeschi Trucks, aimed to lift fan spirits during the more isolated times of the coronavirus outbreak. Now, Tedeschi is excited to take a stripped down version of the band on the road for what has been dubbed the Fireside Live Tour.

The live-streamed Fireside Sessions were “really fun and a great opportunity to show how diverse the band is, that we’re capable of playing as a duo or in fours or fives or sevens or eights or whatever,” says Tedeschi. “It made us realize, ‘Once things open up, we can go out. We can do something smaller. So that’s what we’re doing this summer. We’re going to do that until things open up and we can get back to working as a full group.

Supporting all the musicians in this full band and their families during a pandemic hasn’t been easy, admits Tedeschi, who has two teenagers herself, but making personal sacrifices to ensure her comrades don’t suffer was “a non-brain,” she said. “Since we are a little conservative about having such a large group and spending money, we had saved a lot of money for emergencies, so we had already planned to take three months off and we had saved a lot of money to pay the band. Then all the emergency money…we just put it in and paid the band.

But the money that Tedeschi and Trucks had saved ended up running out. “We’ve been very lucky with some of the PPP loans to help the group. It’s really helped,” she says. “In the end, it felt like the right thing to do. You have to keep people afloat. I was really shocked at how many other bands didn’t do this. You look at the picture in its together, and we’re a family; it’s not Derek and Susan’s show. Our band and our crew, we’re all in this together.”

Some more than others. “Derek, our manager and I have not been paid,” admits Tedeschi. “We haven’t been paid since last March. We live off savings and literally sell baseball cards and things we’ve bought in the past for a rainy day. But it is okay; I feel so blessed to have had this extra time at home with our daughter and son before he left for college. He really got the raw end to the case. He was an honors student and a baseball player. He was only able to pitch a few games. It was really heartbreaking, but really more for the kids – seeing the opportunities they were missing….

“The two things I wanted to do growing up were having kids and playing music,” Tedeschi says. “I can do both, so I feel incredibly grateful.”

Tedeschi has been an artist since the age of five, when her mother involved her in theatrical performances. “For a long time I really didn’t know what my calling was, but when I discovered the blues in my early twenties, it seemed to be more my calling,” she recalls. it’s not like the blues is a regional thing. It all depends on what moves you.

She discovered her husband’s uncle’s band, a small Jacksonville band called the Allman Brothers, when she and her brother went to a garage sale. “I bought a Clash disc, and he found Brothers and sisters. To this day, I still love those two records,” she says. Like the über-talented Trucks, Tedeschi spent time playing in nostalgic bands with legendary American musicians, such as the surviving members of the Grateful Dead — but as Trucks told me when the Tedeschi Trucks Band last visited in Colorado to play Red Rocks in 2019, the couple are thrilled to be part of a band that fans are coming out to celebrate new original music.

“Ultimately it’s about creating your own sound and making your own music and allowing your own expression to come through, and doing that with Derek since 2010 has been amazing,” Tedeschi said. “We feel really lucky and grateful for that, for sure. And he’s absolutely right: there’s something very different about making your own music than when you’re singing someone else’s music. ‘other.

A look back at his career, which began with the 1995 solo album Better days, Tedeschi remembers her 2000 Grammy nomination for Best New Artist, which found her alongside Kid Rock, Britney Spears and Christina Aguilera. “Here I am, a blues artist,” she recalls. “There’s no way I think I would ever be in a category with any of them.”

“People always say, ‘Aren’t you sad you didn’t win?’ And I’m like, ‘No, I didn’t really want to be famous!’ I’m so happy to be able to go to the supermarket and do normal things, like go to my son’s baseball game,” Tedeschi says. “We have a normal life, and it’s so beautiful? I never wanted fame; it’s not about the money and the fame, and it never was for Derek and me, because we really have a real passion for music and making people happy, as well as ourselves. And I got to tour with BB King and play with John Lee Hooker. John Lee Hooker took his guitar away and gave it to me! I feel like Forrest Gump, for real.”

Tedeschi says his heroes – people like King, Hooker and David Hidalgo – gave him not only a love of music, but also a sense of grace, humility and sincerity. All three were reflected in how she and her husband supported their bandmates during the pandemic, and how they support other musicians now.

Could there be a 2000 Best New Artist reunion on stage? Tedeschi is amused by the prospect of Britney Spears sitting down with the Tedeschi Trucks Band at Red Rocks.

“Let’s go,” she said. “Let’s go. I think we should free Britney anyway.

Tedeschi Trucks Band performs their Fireside Live tour at the Red Rocks Amphitheater at 7:30 p.m. Friday July 30 and 7:30 p.m. Saturday July 31; tickets, from $49.95 to $130, are available at axs.com.

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Failure to raise debt ceiling would be ‘catastrophic’: US Treasury Secretary https://rioworld.org/failure-to-raise-debt-ceiling-would-be-catastrophic-us-treasury-secretary/ Mon, 26 Jul 2021 22:57:11 +0000 https://rioworld.org/failure-to-raise-debt-ceiling-would-be-catastrophic-us-treasury-secretary/ Treasury Secretary Janet Yellen told a congressional panel on Wednesday that failure to raise the federal debt ceiling would have catastrophic consequences that could lead to a financial crisis. Testifying before a Senate appropriations subcommittee, Yellen said in response to questions that it was important Congress not delay in addressing the debt […]]]>

Treasury Secretary Janet Yellen told a congressional panel on Wednesday that failure to raise the federal debt ceiling would have catastrophic consequences that could lead to a financial crisis.

Testifying before a Senate appropriations subcommittee, Yellen said in response to questions that it was important Congress not delay in addressing the debt limit, which has been suspended for the past two years.



This suspension is due to expire on July 31, at which time the limit will revert to the debt level at that time. The debt subject to the limit currently stands at $28.3 trillion. It has risen sharply over the past year as Congress approved billions of dollars in support packages to fight a recession caused by the COVID-19 pandemic.

Sen. Chris Van Hollen, D-Md., asked Yellen what would happen if Congress failed to raise the debt ceiling or suspend it for a while so the government could continue to borrow to meet its obligations, including interest. national debt payments.

Non-payment of these debts would cause the federal government to default on its debt obligations, which has never happened in the history of the United States. A stalemate over raising the debt ceiling in 2011 led to a first-ever downgrade of part of the AAA rating of federal government bonds by ratings agency Standard & Poor’s.

Yellen said a default on the national debt should be considered unthinkable because it would have absolutely catastrophic consequences that could precipitate a financial crisis.

I would simply ask Congress to protect the faith and credit of the United States by dealing with the matter before the July 31 deadline.

The Treasury Department is able to use accounting maneuvers, such as temporary divestment of government retirement accounts, to prevent the government from hitting the debt ceiling. But these measures can only buy a limited time.

Yellen said she could not give an estimate of how long the emergency measures would last. Outside groups have estimated that the Treasury’s emergency measures will likely run out by this fall.

Yellen said it was difficult to make an accurate forecast due to the great uncertainty caused by the pandemic regarding payment flows and revenue collection.

She said the Treasury may reach a point where it will be unable to pay government bills as early as August, when Congress is expected to be away for its summer recess.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Alabama’s state of emergency will end on July 6; COVID public health order disappears in 4 weeks https://rioworld.org/alabamas-state-of-emergency-will-end-on-july-6-covid-public-health-order-disappears-in-4-weeks/ Mon, 26 Jul 2021 22:57:11 +0000 https://rioworld.org/alabamas-state-of-emergency-will-end-on-july-6-covid-public-health-order-disappears-in-4-weeks/ Governor Kay Ivey announced today that Alabama’s state of emergency related to the COVID pandemic will end on July 6 and that his public health order for the COVID-19 pandemic is scheduled to end on July 31. may. The health order ends May 31 unless there is a significant increase in COVID-19 cases, the governor’s […]]]>

Governor Kay Ivey announced today that Alabama’s state of emergency related to the COVID pandemic will end on July 6 and that his public health order for the COVID-19 pandemic is scheduled to end on July 31. may.

The health order ends May 31 unless there is a significant increase in COVID-19 cases, the governor’s office said.

“We’ve learned a lot since last year, and this is absolutely now a managed pandemic,” Ivey said in a press release. “Our infection rates and hospitalizations are in better shape, and more than 1.5 million Alabamians have received at least one injection of the COVID-19 vaccine.

“Alabamians have consistently picked up the slack during this pandemic, and I know they will continue to do so. I am happy that we have shown the rest of the country that we are brave and determined. We are loudly signaling that Alabama is open and moving forward.

The Safer Apart health order now consists primarily of recommendations aligned with CDC guidelines. Specific guidelines apply to two groups. Senior centers operate under guidelines issued by the Alabama Department of Senior Services. Hospitals and nursing homes are under the direction of the Federal Centers for Medicare and Medicaid Services during visits. Those last remaining requirements should be lifted with the order expiring on May 31, barring a large spike in cases, Ivey’s office said.

State Health Officer Dr. Scott Harris said, “As we approach the fourteenth month of this pandemic, we are pleased that two-thirds of Alabama residents age 65 and older have been vaccinated. Although some barriers such as transportation remain, more than 1,300 providers across the state are administering a safe and effective COVID-19 vaccine in communities across the state.

“We very much appreciate Governor Ivey and our great working relationship with the Alabama National Guard. The state is truly fortunate to have these men and women to support us. Guard members have completed six weeks of vaccination clinics in 24 rural and underserved counties, and are now planning smaller mobile sites in each public health district to deliver the vaccine to hard-to-reach populations. I am excited about the progress that has been made. »

All Alabamians 16 and older have been eligible for vaccination since April 5. Ivey continues to encourage Alabamians to get vaccinated safely and effectively.

“Look, I’ve been vaccinated. I believe in science, I believe it works and I trust it. So, as I said, I have been fully vaccinated and I will live as if I have been fully vaccinated. Like when we ended the mask requirement, this latest extension gives all Alabama healthcare providers, businesses, and individuals ample time to prepare,” Ivey said.

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Vilsack, SC’s Clyburn touts COVID-aid farmers’ debt relief https://rioworld.org/vilsack-scs-clyburn-touts-covid-aid-farmers-debt-relief/ Mon, 26 Jul 2021 22:57:10 +0000 https://rioworld.org/vilsack-scs-clyburn-touts-covid-aid-farmers-debt-relief/ ROWESVILLE, South Carolina Outside on his 300+ acre farm, where he and his family grow corn, soybeans, oats, barley, cotton and wheat, 69-year-old Nathaniel Rhodes s remembered how black farmers like him struggled to get loans to run their operations. . He said minorities would see higher interest rates than their white counterparts. “We’ve always…paid […]]]>

Outside on his 300+ acre farm, where he and his family grow corn, soybeans, oats, barley, cotton and wheat, 69-year-old Nathaniel Rhodes s remembered how black farmers like him struggled to get loans to run their operations. .

He said minorities would see higher interest rates than their white counterparts.

“We’ve always…paid more or we’ll be denied when our credit gets better, or just as good…(because of) skin color,” Rhodes said.

And after a year where farmers have seen less demand for their crops due to the economic downturn caused by the COVID-19 pandemic, Rhodes and his family, along with other minority farmers, are set to receive targeted aid. .

Along with Rhodes, House Majority Whip Jim Clyburn, D-Columbia and U.S. Agriculture Secretary Tom Vilsack promoted a USDA loan forgiveness program for disadvantaged farmerswhich was included as part of the American Rescue Plan Act, the Biden administration’s COVID relief package that became law in March.

Black, Native American, Alaska Native, Hispanic, Asian American, or Pacific Islander farmers are eligible for USDA to repay 120% of loans that farmers have been issued or guaranteed by the USDA.

“It’s very targeted, it’s very specific, and it resolves the disparity between white farmers who received a huge amount of money during the COVID relief situation and socially disadvantaged producers who received relatively very little,” said said Vilsack.

The USDA expects the program to repay 15,000 to 18,000 loans worth up to $4 billion, Vilsack said.

The Trump administration had $26 billion available for farmers under COVID relief legislation. However, Vilsack said almost everything went to white farmers.

Black farmers represent 1.3% of the 3.4 million farmers in the country, according to the USDA. Black farmers only got 0.1% COVID to farmers, Vilsack told The Washington Post.

In 2017, more than 35,800 of South Carolina’s 38,970 farmers were white.

In 2017, more than 35,800 of South Carolina’s 38,970 farmers were white, while 2,570 SC farmers were black, according to the USDA.

“It’s to right a wrong,” Clyburn said. “I learned from my history that the greatness of this country is not that we are more enlightened in this nation, but because we have always been able to repair our faults.”

Vilsack said banks will receive prepayment penalties for repaying losses with prepaid loans, and banks will again be able to lend money at a higher interest rate.

“When you repay all loans, you eliminate all risk to the bank,” Vilsack said.

The program will repay farm property loans, operating loans, conservation loans, storage facility loans, micro and youth loans, emergency loans, conservation loans and land and water loans.

Although Rhodes himself has no farm debt, the program will help his children and grandchildren carry on the family business.

“This loan would help me with some of the things things I’ve already spent my personal money on and things I might like to do on the farm in the future to help my kids grow,” Rhodes said.

His 16-year-old grandson, Eric Jones, has a youth loan. This is his third year of borrowing $5,000, which Jones was able to repay for the first two years.

But being eligible for that USDA program this year gives Jones a head start for next year, when having cash is essential to keeping a farming business going. Crop prices fluctuate, but the price of inputs such as equipment, pesticides, seeds and taxes all increase.

“That’s more money in my pocket for seeds, fertilizer and a little more stuff for next year,” Jones said.

To find out how to apply, go to www.farmers.gov/americanrescueplan.

This story was originally published May 24, 2021 3:51 p.m.

Joseph Bustos is a political and state government reporter at The State. He graduated from Northwestern University and previously worked in Illinois covering government and politics. He won reporting awards in Illinois and Missouri. He moved to South Carolina in November 2019.
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Scaling up immunization crucial to fight pandemic: Manmohan Singh to Modi https://rioworld.org/scaling-up-immunization-crucial-to-fight-pandemic-manmohan-singh-to-modi/ Mon, 26 Jul 2021 22:57:10 +0000 https://rioworld.org/scaling-up-immunization-crucial-to-fight-pandemic-manmohan-singh-to-modi/ Former Prime Minister Manmohan Singh wrote to Prime Minister Narendra Modi on Sunday about the Covid-19 crisis, stressing that scaling up vaccinations was key to fighting the pandemic, and proposed measures to boost supply, including by invoking compulsory licensing provisions as in the case of HIV/AIDS drugs. In a letter to the […]]]>

Former Prime Minister Manmohan Singh wrote to Prime Minister Narendra Modi on Sunday about the Covid-19 crisis, stressing that scaling up vaccinations was key to fighting the pandemic, and proposed measures to boost supply, including by invoking compulsory licensing provisions as in the case of HIV/AIDS drugs.

In a letter to the prime minister, the veteran congress leader said one should not look at absolute numbers but at the total percentage of the population who have been vaccinated.



“The key to our fight against Covid-19 must be to step up the vaccination effort. We must resist the temptation to look at the absolute numbers vaccinated and instead focus on the percentage of the population vaccinated,” he said. he stated in his letter.

Noting that India currently vaccinated only a small fraction of its population, Singh said he was certain that with the right policy design, “we can do much better and very quickly.”

“There are many things we need to do to fight the epidemic, but a big part of this effort must be to intensify the vaccination program,” he said while making several suggestions.

The former prime minister suggested that states have some flexibility to define categories of frontline workers who can be vaccinated even if they are under 45.

Currently, people over the age of 45 are eligible for vaccination.

He said some states might want to designate teachers, bus, three-wheeler and taxi drivers, municipal and panchayat staff, and possibly lawyers who have to attend courts as frontline workers, and they can then be vaccinated even if they are under 45 years of age. .

The suggestions come a day after the Congressional working committee met and discussed efforts needed to tackle the Covid pandemic.

Singh said the Center should make public vaccine dose orders placed and accepted for delivery over the next six months. He said the government should indicate how vaccine supplies should be distributed to states.

“If we want to vaccinate a target number during this period, we need to place enough orders in advance so that producers can meet an agreed supply schedule,” he noted.

The former prime minister said the government should outline how this expected vaccine supply will be distributed between states based on a transparent formula.

He suggested that the central government could withhold 10% for distribution based on emergency needs, and that states should have a clear signal of likely availability so they can plan their deployment.

Noting that India has become the largest vaccine producer in the world, he said, in this time of public health emergency, the government must proactively support vaccine producers to rapidly expand their vaccine facilities. manufacturing by providing funds and other grants.

“I think now is the time to invoke the provisions of the Compulsory Licensing Act so that a number of companies can produce the vaccines under license. This, I recall, had happened earlier in the case of HIV drugs/AIDS disease,” he said.

Citing the example of Israel, which has already invoked the compulsory licensing provision, he said there were good reasons for India to do so so quickly.

With domestic supplies limited, Singh said any vaccine that has been cleared for use by credible authorities such as the European Medical Agency or the USFDA, should be allowed to be imported without insisting on domestic transition trials.

“We are facing an unprecedented emergency and, I understand, experts are of the opinion that this easing is justified in an emergency.

The easing could be of limited duration during which transition trials could be completed in India,” he said.

A warning to all consumers of these vaccines must be given that these vaccines are allowed to be used based on the approval granted by the competent authority abroad, he said.

Singh said he is forwarding his suggestions for consideration in the spirit of constructive cooperation in which he has always believed and acted.

“I hope the government will accept these suggestions immediately and act on them quickly,” he said.

Singh recalled how over the year the world and India have grappled with the Covid-19 pandemic, with many parents not having seen their children for over a year.

Many have lost their source of income and several million people have been pushed back into poverty, he said, noting that with the second wave currently observed, “people are starting to wonder when their lives will return to normal. “.

India has seen a massive rise in Covid-19 cases with over two lakh cases reported every day for the past four days.

Senior Congress official P Chidambaram expressed hope that the government will adhere to the suggestions.

“If the government is open to good suggestions, it will be known through the follow-up to the letter. Furthermore, if the government is serious about containing the spread of the pandemic, it will also be known through its response,” a- he declared.

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4 Ways to Grow Your Extra Savings https://rioworld.org/4-ways-to-grow-your-extra-savings/ Mon, 26 Jul 2021 22:57:10 +0000 https://rioworld.org/4-ways-to-grow-your-extra-savings/ Although the Covid-19 pandemic has upended the finances of many Americans, it has given others an opportunity to bolster their emergency savings. So much so that nearly one in four Americans have saved more than 10 months of living expenses, according to a recent SoFi survey. Another quarter of respondents say they have saved the […]]]>

Although the Covid-19 pandemic has upended the finances of many Americans, it has given others an opportunity to bolster their emergency savings. So much so that nearly one in four Americans have saved more than 10 months of living expenses, according to a recent SoFi survey.

Another quarter of respondents say they have saved the equivalent of four to six months on living expenses so far, according to SoFi’s survey of 1,000 consumers. This is the amount experts generally recommend having on hand to avoid going into debt in case of emergencies, such as job loss, car repairs, or medical bills.

But what should you do once your emergency savings have reached a comfortable level? You can, of course, continue to add money to your savings account, but many experts say this may be short-sighted.

“The pandemic has certainly demonstrated the importance of saving for emergencies. However, having too much cash in your savings account can be harmful,” says Haley Tolitsky, certified financial planner in North Carolina. Cooke Capital.

This is because funds placed in savings earn almost no interest, so you end up losing money over time as the cost of goods increases, Tolitsky says.

To determine the best steps to take after accumulating a comfortable level of savings, CNBC Make It spoke with several financial experts. Here are four ways they recommend Americans put any extra savings to work.

1. Pay off the debt

If you have outstanding debt, especially high-interest credit card balances or personal loans, paying it off should be a priority, says Sarah Carlson, CFP and founder of Washington. Fulcrum Financial Group.

Many banks pay minimal interest on savings accounts, around 0.07% on averagewhile the average interest rate on a credit card is 15.91%. And if you fall behind on your card payments, you could be hit by 30% penalty APR.

“Workers need to be prepared not to get stuck in this crisis,” Carlson says. “Before they save for a new car, an iPhone, a house, they need to reduce and eliminate that credit card debt.”

2. Save for other expenses

Once you’ve saved up a comfortable level of emergency expenses, assess what your other financial needs and goals might be. Ask yourself if you have big purchases coming up, like saving for a down payment on a house or buying a car, says Joey Stemmlea CFP from Riverstone Wealth Advisory Group, based in Virginia.

Stemmle also recommends everyone have a “treat yourself” account that they regularly put money into so they can spend guilt-free.

“The money you spend on this account, I think of it more as a reward for doing the things you love. If you want to go get a massage, you want to have a fancy dinner, or you want to buy a new watch, you can do that. knowing that you were disciplined in putting money aside for expenses,” says Stemmle.

It may also be useful to create separate savings compartments for expenses such as future travel, entertainment and transportation costs as things begin to reopen. “You may want to set up a separate savings account to hold these funds, because remember that your emergency fund is for emergencies only,” Tolitsky says.

3. Increase pension contributions

Check your retirement savings, including individual retirement accounts and employer-sponsored plans like a 401(k). If you don’t already contribute to a workplace pension plan, now is the time to set one up.

Be sure to contribute enough to take full advantage of any matching your employer may offer on your retirement contributions, Stemmle says. It’s basically free money that can add up in the long run.

If you don’t already have an individual retirement account, a Roth IRA can be a great way to save for retirement in addition to any employer plans you may have, Stemmle says. With a Roth IRA, you pay taxes on your money now and receive tax-free retirement income if certain conditions are met. An individual can contribute up to $6,000 to a Roth IRA account in 2021 with a catch-up contribution available for people aged 50 and over.

Setting up a Roth IRA is pretty simple — you can open an account with any reputable custodian in just minutes, Tolitsky says. She recommends setting up automatic monthly contributions and investing your funds in a low-cost index fund or ETF that covers the entire stock market.

If you already have retirement accounts, consider increasing your contribution levels or even maximizing your total savings for the year. For 401(k) plans, the contribution limit for 2021 is $19,500. People 50 and over can set aside an additional $6,500 as a catch-up contribution.

4. Invest your money

If you’ve reached your short-term savings goals and already have retirement contributions in place that you’re comfortable with (or fully maxed out), it’s worth considering a open a taxable investment account, says David Shotwell, CFP at Michigan Financial planners Shotwell, Rutter and Baer.

One of the easiest ways to start investing is to use an online investing service that will help you open an account and, depending on your risk tolerance, invest in a portfolio that typically includes funds index or low-cost ETFs, says Bryan Stiger, CFP and financial planner at Betterment. “Online services often automatically rebalance and collect tax losses for you, which is a great added benefit,” adds Stiger.

You can also do this yourself by opening a taxable investment account at a brokerage and selecting investments by hand. Carlson recommends making monthly contributions to a global value mutual fund or ETF.

“As some normality returns, people need to remember what their absolute spending limits are and have well-defined financial goals they can plan for,” Stiger says. After that, if you want to celebrate by going out for an extra dinner or two, that’s fine.

To verify: Meet the middle-aged millennials: homeowners, in debt and in their 40s

Don’t miss: For many older millennials, student loan debt has delayed buying a home, starting a family, and pursuing creative careers.

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As COVID-19 peaked, the harmful burdens of prior authorization continued https://rioworld.org/as-covid-19-peaked-the-harmful-burdens-of-prior-authorization-continued/ Mon, 26 Jul 2021 22:57:04 +0000 https://rioworld.org/as-covid-19-peaked-the-harmful-burdens-of-prior-authorization-continued/ What are the news: Nearly 70% of physicians report that health insurance plans have never relaxed their preliminary authorisation requirements to help alleviate burdens during the pandemic, or payers did so temporarily before returning to the status quo. The discouraging conclusion is among many included in the AMA latest survey of pre-approved physicianswhich was conducted […]]]>

What are the news: Nearly 70% of physicians report that health insurance plans have never relaxed their preliminary authorisation requirements to help alleviate burdens during the pandemic, or payers did so temporarily before returning to the status quo.

The discouraging conclusion is among many included in the AMA latest survey of pre-approved physicianswhich was conducted at the height of the COVID-19 pandemic in December 2020 and released this month.

“As the COVID-19 pandemic began in early 2020, some commercial health insurers have temporarily relaxed prior authorization requirements to reduce administrative burdens and support timely patient access to needed drugs, tests and treatments. “, said the president of the AMA. Susan R. Bailey, MD. “At the end of 2020, as the U.S. healthcare system was strained with a record number of new COVID-19 cases per week, the AMA found that most physicians faced hurdles in strict authorizations that delayed patients’ access to necessary care.”

Related coverage

Doctors at HHS: Here’s How to Improve Prior Authorization

Why it matters: The weekly pre-authorization workload for a single physician does not just eat up an average of two working days of physician and staff time, the survey shows. The process also negatively affects patient care, with 94% of physicians reporting delays in care while waiting for health insurers to authorize needed care, and 79% saying patients drop out of treatment due to authorization difficulties with insurers. disease.

“Treatment delayed and interrupted due to an archaic prior authorization process can have life-threatening consequences for patients, especially during a public health emergency,” Dr. Bailey said. “This hard-learned lesson of the current crisis must guide a re-examination of the administrative burdens imposed by health insurers, often without any justification.”

Indeed, 90% of physicians said prior authorization requirements had a negative effect on patient clinical outcomes, with 30% saying the requirements resulted in a serious adverse event for a patient in their care. Specifically, prior authorization requirements have resulted in the following impacts for patients:

  • Hospitalization of patients — reported by 21% of physicians.
  • Life-threatening event or procedure to prevent permanent impairment or damage – reported by 18% of physicians.
  • Disability or permanent bodily harm, birth defect, birth defect, or death — reported by 9% of physicians.

Meanwhile, only 15% of physicians said prior authorization criteria were often or always based on evidence-based medicine.

The findings of the AMA survey illustrate a critical need to streamline or eliminate low-value prior authorization requirements to minimize delays or disruptions in the delivery of care. WADA has played a leading role in advocating for prior authorization reforms and convening key industry stakeholders to develop a roadmap to improve the prior authorization process.

Related coverage

Why advocacy for physicians at all levels will be essential in 2021

Learn more: In 2018, the AMA and other national organizations representing pharmacists, medical groups, hospitals and health plans signed a consensus statement outlining a shared commitment to improving five key areas associated with the prior authorization process. However, health plans have made little progress over the past three years toward implementing improvements in each of the five areas outlined in the consensus statement.

Through research, collaborations, advocacy and leadership, the AMA works to scale prior authorization programs right so doctors can focus on patients, not paperwork. Patients may share their own personal experiences with prior permission to FixPriorAuth.org.

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