real estate – Feminaust http://feminaust.org/ Sat, 16 Apr 2022 15:31:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://feminaust.org/wp-content/uploads/2021/04/cropped-icon-32x32.png real estate – Feminaust http://feminaust.org/ 32 32 Sisters launch female mentorship program in memory of their late father, Patsy Duffy https://feminaust.org/sisters-launch-female-mentorship-program-in-memory-of-their-late-father-patsy-duffy/ Mon, 07 Mar 2022 11:32:00 +0000 https://feminaust.org/sisters-launch-female-mentorship-program-in-memory-of-their-late-father-patsy-duffy/ Tanya McGeehan, Lisa Duffy, Roisin Deery and Aisling Bremner have teamed up to launch a female mentorship program in memory of their late father Four sisters from Magherafelt have teamed up to launch a female mentorship program in memory of their late father, Patsy Duffy, who died 10 years ago today (7 March 2012) of […]]]>
Tanya McGeehan, Lisa Duffy, Roisin Deery and Aisling Bremner have teamed up to launch a female mentorship program in memory of their late father

Four sisters from Magherafelt have teamed up to launch a female mentorship program in memory of their late father, Patsy Duffy, who died 10 years ago today (7 March 2012) of early dementia at the age of 57 years.

Coinciding with International Women’s Day which takes place tomorrow, women across Northern Ireland are invited to apply for the Patsy Duffy Mentoring Scheme.

Over the next 12 months, mentees will have the opportunity to receive expert advice and guidance in a range of specialist areas, including business strategy, finance, personal brand building, trust, communication, finance, organization and leadership.

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The program was formed by the four entrepreneurial sisters who have a combined 75 years of experience in their respective fields, including real estate, marketing, teaching, communications and management consulting.

Tanya McGeehan of MCG Investments is one of Northern Ireland’s leading female property entrepreneurs, Aisling Bremner of Aisling Bremner Marketing has held senior marketing roles for a host of local and global brands including Dale Farm, Magners and Heinz, Lisa Duffy is a trained actress, qualified teacher, communications coach and founder of a local children’s theater company, Bright Young Things and Roisin Deery have extensive experience in management consulting, recently working at a senior level within the Expo 2020 Dubai Operations Division.

During the program, which is free to apply, mentees will receive one hour of one-two-one mentoring per week for 16 weeks.

There will be two intakes with four mentees in each program.

Highlighting their willingness to help others as their parents did for them, Tanya said: “Dad always raised us to believe that our aspirations were valid and worth pursuing.

“Our parents were always a positive force in our lives with the vision that ambition and risk were things to be defended.

“Not everyone has someone with that supportive mindset, which is why we’re launching the Patsy Duffy Mentorship Program in memory of our late father.

“My sisters and I want to use our years of business experience to offer advice and guidance to women who have aspirations in their professional lives but who face barriers to opportunity.

“We want to help make a difference and be the champions and challengers in their corners like our father was to us.”

Patsy Duffy was a successful banker by profession, however, at the age of 35 with a young family, he retired from his strong stable career to pursue his self-employment and follow his entrepreneurial instincts. His real estate investment business started in the early 90s and flourished over the next 20 years.

Addressing the issue of the Covid-19 pandemic and how it has “disproportionately affected women”, Aisling added: “The program is open to all women who have a career aspiration but have a barrier that prevents them from realizing it – it could be social, health and well-being, trust or economic responsibilities.

“For example, ambitious employees who are stuck in a rut, entrepreneurs at the start of their journey and lacking confidence, graduates who need support or stay-at-home moms who need encouragement to take over work.

“Furthermore, it has been well documented that Covid-19 has disproportionately affected women and so we hope the Patsy Duffy Mentorship Program will play a role in helping women reach their full potential and become the best they can be! “

For more information or to apply by Sunday, March 27, go to www.patsyduffymentorship.com

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What Women Entrepreneurs Need to Know About Networking https://feminaust.org/what-women-entrepreneurs-need-to-know-about-networking/ Wed, 09 Feb 2022 01:13:00 +0000 https://feminaust.org/what-women-entrepreneurs-need-to-know-about-networking/ What is networking, exactly, and how do you do it? A seasoned business coach and mentor provides advice and insights. Like the repeated “place, place, place” as a central tenet of the real estate market, networking is often touted as the key to success as an entrepreneur. But what does it really mean to network, […]]]>

What is networking, exactly, and how do you do it? A seasoned business coach and mentor provides advice and insights.

Like the repeated “place, place, place” as a central tenet of the real estate market, networking is often touted as the key to success as an entrepreneur.

But what does it really mean to network, and why is it essential for the young entrepreneurs of Sea to Sky Corridor?

Cathy Goddard, of Whistler, of Lighthouse Visionary Strategies, a coaching and mentoring firm primarily for women entrepreneurs, defines networking as a “meaningful connection.”

“It’s just about coming together to connect and share. And that can be sharing a number of things,” she said.

“It could mean looking for a hairdresser, or it could mean getting a new client, or it could mean getting advice for their start-up business. Women have such a broad view of what networking really is and its benefits. »

When women network, they should spend time creating their story, she said.

“Too often, women don’t communicate clearly what they are doing and why they are doing it.”

When she conducted workshops on how to network, she used the following exercise to help clients create their presentations:

FOR (target customer), WHO HAS (customer need), (product name) IS A (market category) THAT (a key benefit). UNLIKE (competition), THE PRODUCT (unique differentiator).

Goddard said that while women are increasingly comfortable exposing themselves than perhaps they once were, they are often still more hesitant than men.

“Men are more comfortable making direct requests or a clear request; women are reluctant to ask for what they want,” she said. “And even when they do, often the interpretation of that is a bit biased.”

Generally speaking, women generally don’t want to talk about their accomplishments for fear of “bragging”.

“And that doesn’t get us very far,” she said, adding that even though she’s been in business for a long time, she still backs off a bit when talking about her successes or accomplishments.

Recently, while working with a group of clients, she asked them to describe what they were proud of in themselves: “I’m proud of – fill in the blank,” she recalls.

She also asked those she coached to make videos of themselves to post on the group’s private Facebook page.

“The more we do it, the easier it gets,” she explained.

Goddard teaches clients that they have to sell themselves, because if it’s not the entrepreneur, who else will?

“If the person is your ideal client and you have the skills to do so, you have to tell them; they’re not going to read your mind,” she said. “‘Here’s what I can give you,’ and tell them the benefits and rewards – it’s selling 101. But often we just don’t.”

Goddard acknowledges that networking and showcasing works much better in person, which has been difficult throughout the pandemic.

“So if it’s not a room full of people, then is there an opportunity to connect with someone one-on-one and still be safe in that environment? And I think…people are going to come back to this because people are craving connection. Right? They’re starving for these in-person dynamics that are happening,” she said, adding that newbie entrepreneurs don’t shouldn’t be afraid to pick up the phone and call people.

“It’s so old school, I know. But I see such incredible value in that.

Goddard said even the simple act of physically moving around town — away from home or the office — can bond. She remembers running a regular errand to the post office and meeting someone interested in coaching her business.

She added that it’s also incumbent on more seasoned entrepreneurs to be mentors to those coming up behind them — to bring others into their network.

“It can mean just having lunch with someone else in their area and just inviting them both to lunch. [or coffee],” she said. “That’s the other side – offering it and not just waiting for people to ask because it’s hard [to ask].

To learn more about Goddard and Lighthouse Visionary Strategies, click here.

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Cadwalader doubles down on Wall Street amid market volatility https://feminaust.org/cadwalader-doubles-down-on-wall-street-amid-market-volatility/ Tue, 08 Feb 2022 11:01:19 +0000 https://feminaust.org/cadwalader-doubles-down-on-wall-street-amid-market-volatility/ Cadwalader Wickersham & Taft is stepping up its growth strategy on Wall Street – even as banks see a pandemic wave of trading begin to subside – rather than joining rivals in pushing into new markets and locations. Pat Quinn, the firm’s managing partner, calls it staying “on brand.” Cadwalader focuses on clients such as […]]]>

Cadwalader Wickersham & Taft is stepping up its growth strategy on Wall Street – even as banks see a pandemic wave of trading begin to subside – rather than joining rivals in pushing into new markets and locations.

Pat Quinn, the firm’s managing partner, calls it staying “on brand.” Cadwalader focuses on clients such as JP Morgan Chase & Co., Wells Fargo & Co. and other major financial institutions, corporations and funds.

“There are companies – some very successful, some maybe less successful – that have global dominance as their strategy,” Quinn said in an interview. “We’re going to be successful by doing our thing, doing it the best we can, rather than trying to borrow someone else’s strategy.”

The strategy comes with risks as financial clients must manage rising costs to retain employees, potentially the steepest monetary tightening cycle since the 1990s and stock market ups and downs. The expected rebound in borrowing activity has yet to materialize, while trading declines were larger than expected in the last three months of last year.

Quinn said the company was targeting practices and places where customers needed it, leading Cadwalader to a banner year in 2021.

The firm has advised on major real estate and other transactions, such as the $950 million refinancing of the 1290 Avenue of the Americas building in Manhattan, a $3 billion deal involving One Vanderbilt a few blocks south and the $630 million special purpose acquisition of Forbes Global Holdings. merger.

“We never have to explain anything about Cadwalader when we visit our financial institution clients, or when we visit a private equity fund, or when we visit a large public company “, said Quinn. “They all know us.”

Profits up

Cadwalader, whose lineage dates back to 1792, making it one of Manhattan’s oldest law firms, saw revenue jump 35% to $609 million last year, and earnings per partner soared. jumped 72% to over $4 million.

It marked a rebound for Cadwalader, which had seen declines a year earlier as other companies enjoyed record trading activity.

Some companies have taken advantage of the market boom to expand new business in hotspots like California and Texas and set up shop in less expected places like Salt Lake City, Utah and Denver, Colorado.

Some companies seem to be “everywhere there are customers” and aim to capture work and grow their businesses that way, but that’s not their strategy, Quinn said.

“We need to know who our customers are and we need to know why they will turn to Cadwalader,” Quinn said. “I think that’s what has been successful for us and will continue to be successful for us.”

go to trial

Cadwalader is also developing its litigation arm, with the aim of achieving a 60-40% split between transactional work and litigation work.

“Litigation fits perfectly into this strategy of bringing in very high quality litigators who work on the types of cases our clients would turn to Cadwalader for,” Quinn said.

Quinn, who took over as managing partner in 2015, added Nick Gravante, who now leads Cadwalader’s commercial litigation practice and is co-chair of its Global Litigation Group, and other former Boies Schiller lawyers. Philip Iovieno, Karen Dyer and Lawrence Brandman at the start of the last year.

He said construction began in 2016 when the firm rehired former partner Jason Halper of Orrick Herrington & Sutcliffe, who is now co-chair of Cadwalader’s global litigation group. Three years later, the firm brought in Sean O’Shea, a former Brooklyn federal prosecutor who chairs Cadwalader’s trial practice group.

In the past year, the company has represented Kraft Heinz Food Co. in antitrust litigation and McDonald’s Corp. in a lawsuit accusing Tyson Foods Inc., Perdue Farms Inc. and other poultry producers of conspiring to fix chicken prices.

Gravante also reportedly represented Matthew Calamari, the chief operating officer of the Trump Organization, which was being investigated by the Manhattan District Attorney.

Unlike some other Wall Street firms, Cadwalader is ready to be judged and open to taking on the role of plaintiff in the right situation, said Quinn, who started at the firm as a summer partner more than a year ago. three decades. Litigation currently represents approximately 30% of the firm’s activity.

seek to grow

Gravante unsuccessfully pushed for a merger between Boies Schiller and Cadwalader before jumping businesses. Cadwalader was also reportedly in talks at some level about a potential tie-up with King & Spalding in 2016.

Quinn said the firm is open to growing its litigation group through acquisition, but said it currently has no specific plans to do so.

The firm also has no interest in joining Big Law’s race to plant a flag in various cities across the country.

“We want to be the best Cadwalader guy, not the best Sullivan & Cromwell guy,” Quinn said.

Cadwalader’s five offices are located in New York, Washington, DC, Charlotte, North Carolina, London and Dublin.

“We’ve always believed that you had to be in certain places because your customers needed you,” Quinn said. “But other than that, there was no reason to be anywhere in the world and I think that continues to be true.”

Paid Wars

The growing demand for legal work has sparked a new recruiting war for lawyers, especially among business associates.

Cadwalader was one of the first law firms to announce last month that it was matching Milbank’s new partner pay scale, which raises the $10,000 salary for first-year partners to $215,000. Mid-level and senior associates saw their salaries increase by $20,000 to $385,000, for the most experienced lawyers.

Quinn called the decision to raise salaries “pretty easy,” but he added the company needs to do more than keep up with market-leading pay rates in the war for talent. There must be a sense that the firm is investing in its lawyers, going beyond formal training programs, he said.

Quinn cited the company’s sponsorship program, which aims to improve diversity in Cadwalder’s senior ranks through hands-on mentorship and targeted training.

“He’s someone who takes responsibility for making sure you keep getting the best job – by continuing to get increasingly challenging assignments on high-profile, challenging topics – and making sure that when you’re doing a great job you’re getting credit for that,” Quinn said.

About 6% of company partner promotions were women or non-white before the program was implemented in 2013, Quinn said. This figure has since risen to around 50%.

In January, the firm had one of its largest promotions in 15 years, raising nine new partners and 23 new promotions of lawyers. The group is 47% diversified, according to Cadwalader.

New partners and the firm’s more than 400 lawyers will continue to have a lot of work to do, Quinn said. Despite some economic uncertainty, inflation fears and a possible rise in interest rates, Cadwalader does not foresee a slowdown.

“Honestly, from what we can see on the horizon, it looks like it’s going to be another busy year,” Quinn said.

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How to develop women’s hockey https://feminaust.org/how-to-develop-womens-hockey/ Thu, 20 Jan 2022 19:26:12 +0000 https://feminaust.org/how-to-develop-womens-hockey/ Raising visibility and investments and paying a living wage could be the key Brooke Boquist, a forward for the Toronto Six of the Premier Hockey Federation (PHF), works in real estate by day and plays hockey at night and on weekends. She said her lifestyle can be tough. “If you work and do these trips […]]]>

Raising visibility and investments and paying a living wage could be the key

Brooke Boquist, a forward for the Toronto Six of the Premier Hockey Federation (PHF), works in real estate by day and plays hockey at night and on weekends. She said her lifestyle can be tough.

“If you work and do these trips every weekend or every two weeks, it’s pretty busy. So it’s definitely not easy, but we’re finding a way to make it work,” she added.

Before signing with the Six last season, Boquist played two seasons in the Swedish Women’s Hockey League (SDHL), where she didn’t need a second job and was able to focus entirely on her game.

“But now here I can’t just play hockey and not work,” the 25-year-old forward said. “You just don’t make enough money to do this. And life-wise, I live in downtown Toronto. It’s like a whole other story, isn’t it? she laughs. Despite the cost of living in the city, she is happy to have found an interest outside of hockey that she can pursue at the same time.

Boquist said his team practices on Tuesdays and Thursdays and plays games on weekends. Each PHF team is expected to play 20 games this season, while in Sweden their team trained every day and played almost every weekend.

Being a professional hockey player in North America is not easy. Unlike professional male hockey players, female players can’t just focus on their passion and train, play and breathe hockey because it just doesn’t earn them a living wage.

The PHF and the Professional Women’s Hockey Players Association (PWHPA) are the two professional women’s hockey leagues in North America. The PHF is made up of six teams and the PWHPA of five. This represents a total of 11 professional women’s hockey teams compared to 108 professional men’s teams in five different leagues in North America, including the National Hockey League (NHL).

Many female players, current and former, want women’s hockey to develop so that these athletes can earn a living playing hockey just like male players.

Julie Chu, head coach of the Concordia Stingers women’s hockey team and four-time U.S. Olympic hockey medalist, said for women’s hockey to succeed, investment must come first.

While it would allow the players to earn a living, it would also allow them to practice full time and “put a product on the ice that will be really solid and top quality,” Chu said.

However, she added that it is really difficult for players to be able to reach this stage, even if they want to, because they have to have a full-time job, as is the case with Boquist and her teammates.

“There are amazing athletes still playing in the PHF and PWHPA, and they are capable of doing that,” Chu said. “But imagine if these athletes have the ability to be professional athletes and the time and investment they can put into becoming a great hockey player, resting, recovering, getting stronger, […] all these resources. It only enhances the product itself. So we need this investment to improve the product.

Chu played in what was once the Canadian Women’s Hockey League (CWHL) with the Montreal Canadiens (formerly known as the Montreal Stars). Being in different situations, Chu said it really made a difference in understanding that “we can only be as good as we can be, with the resources we have”.

She also strongly believes that increasing visibility would be a big step in making hockey more accessible to women.

“I’m a big believer that if we’re able to see it, if things are visible, then we have the ability to think about wanting to do it,” Chu said.

She said promoting current athletes to the elite level for the women’s game is really important. Chu described the addition of international women’s hockey in the NHL 22 video game as a “significant step” for the visibility of women in the sport. There are several ways to achieve better representation, such as adding player cards to the new Tim Hortons Hockey Card Collection.

“I think we need to make a more conscious effort to make sure that in our grassroots organizations we value each and every one of them equally, rather than letting women be an afterthought,” Chu said. For example, women might not be included on the boards of local hockey organizations, or they might not have the best ice time because they are an afterthought, so a good fit for facilities shared between the men’s and women’s teams would be to alternate good ice time — which usually refers to access to facilities during the day — according to Chu.

She added that we need to make sure women are part of the conversations or solutions if organizations are looking at things that affect both women’s and men’s teams.

Another way to increase visibility would be to widen the PHF. The league announced on January 18 that the plan is to expand to Montreal next season.

“I think the main goal for women’s hockey is to get out there right now and maybe at some point to have the girls earn a living,” Boquist said. “That’s the only goal. And I think expanding the league to get more exposure is all in the right direction. Currently, the average salary of PHF players is $15,000 per season with a team salary cap of $300,000. With the cap rising to $750,000 next season, the average salary is expected to reach $37,500.

“It would be great to expand to Montreal […] and across Canada,” Boquist said.

“Obviously we should focus on one thing at a time, but it would be nice to have another team in Canada.” The other three women’s professional teams in Canada are part of the PWHPA: Team Sonnet from the Toronto area, Team Harvey’s from the Montreal area and Team Scotiabank from the Calgary area.

However, Chu added that more needs to be done before taking this step. She said there is currently a disconnect in the women’s hockey world as the PWHPA and the PHF are separate entities, and the two should find a way to merge or disband separately and then reunite into a new one. league so everyone works together in one. entity.

The most ideal situation for her would be for the PHF and PWHPA to merge and launch right after the Winter Olympics. She said using the momentum and visibility of the global event would make the transition a bit easier.

Boquist believes that the expansion of the PHF will provide Montreal women with the opportunity to be part of the league without having to relocate. She also thinks the league will benefit from a potential rivalry with Toronto.

Along with an expansion to Montreal, the PHF announced the possibility of adding new American teams to the Federation. At this time, the PHF Board of Governors will invest $25 million in players over the next three years, starting with $7.5 million next season. The plan is not only to improve player salaries, but also health care benefits, as well as updating facilities, purchasing new equipment and increasing ice time in terms of training and matches. The plan is to expand the schedule to 28 matches.

“This is great news for the league and for women’s hockey,” Boquist said. “Such a big step in the right direction, not only with the salary cap increase, but also the expansion (…) especially to another Canadian team in Montreal.

Ultimately, the ultimate goal for Chu, Boquist and for women’s hockey in general is to be able to pay players a living wage.

“I believe in everything the PHF is doing right now,” Boquist said. “We get there, we make the right moves and we do what we can so one day, I don’t know how long it will take, but one day hopefully the girls can just focus on hockey. .”

Photograph by Catherine Reynolds

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Female victim tells court she’s ‘pressured’ to pursue case https://feminaust.org/female-victim-tells-court-shes-pressured-to-pursue-case/ Wed, 19 Jan 2022 15:06:35 +0000 https://feminaust.org/female-victim-tells-court-shes-pressured-to-pursue-case/ Usman Mirza and his accomplices pictured behind bars. — Islamabad Police The female victim denies taking money to get out of the case. During the hearing, the police also bring the main suspect Usman Mirza to court. “I had never met IG Islamabad or any police officer,” the victim said. ISLAMABAD: The female victim of […]]]>
Usman Mirza and his accomplices pictured behind bars. — Islamabad Police
  • The female victim denies taking money to get out of the case.
  • During the hearing, the police also bring the main suspect Usman Mirza to court.
  • “I had never met IG Islamabad or any police officer,” the victim said.

ISLAMABAD: The female victim of the Islamabad harassment case told the court on Wednesday that she was under pressure to pursue the case against her will, Geo News reported.

District and Additional Sessions Judge Atta Rabbani conducted the hearing of the case during which the couple appeared in court. A day ago, Rabbani had issued a non-releasable arrest warrant for the couple for failing to appear in court for a scheduled hearing.

During Wednesday’s hearing, police also brought Usman Mirza, the main suspect in the harassment case, and others to court.

The female victim complained in court that she was being ‘pressured to pursue the case’ and pleaded with the court to grant her a ‘permanent exemption from the case’.

“I have already recorded a statement that I don’t know any of the defendants arrested in the case, so why am I in a rush to pursue the case?” she said.

At the request of the defendant’s lawyer Umar Bilal, the court allowed the release of a certain part of the video after asking journalists and others to leave the courtroom.

During cross-examination, Bilal’s lawyers asked the female victim if her client had offered her 100,000 rupees for retracting her statement.

In response, she denied the allegations against her, saying she “didn’t take any money to get out of the case.”

The victim also told the court that she had never met the Inspector General of Islamabad or any police officer, adding that she got married after the video went viral.

On occasion, the suspect’s lawyer pleaded with the court to put the couple’s names on the Exit Control List (ECL), which prohibits people from leaving the country.

Prosecutor Rana Hasan Abbas also cross-examined the male victim of the case and questioned him about his work.

The male victim said that when the video went viral: “I was associated with the real estate industry, but now I’m out of a job.”

Following the conclusion of the cross-examination of the plaintiffs by the defense attorney, the hearing was adjourned until January 25.

At the next hearing, lawyers for the defendants will cross-examine an investigating officer on the case, as reported Dawn.

The case

Last year, in July, a video surfaced on social media in which the main defendant in the case, Usman Mirza, could be seen violently beating and harassing a young couple in a room full of other men.

Hours after the video went viral, Islamabad police arrested Mirza and filed a first information report (FIR) in the case.

Later, seven people including Usman Mirza were charged in the Islamabad spousal harassment case.

The female victim reconsiders her statement

The female victim of the Islamabad domestic harassment case had withdrawn her statement and submitted an affidavit to deny having read the case further.

Earlier, the statement of the female victim of the case was recorded before the magistrate in which she said that Usman Mirza and the other defendant had “threatened to gang-rape her if she did not have sex with his friend while they were filming him”. .”

The female victim had submitted a stamped paper to the court and said that “the police themselves created this case, I did not recognize any defendants or sign any papers”.

She further claimed that the police took her signature and thumbprints on blank papers on several occasions.

State to pursue the case

After the female victim withdrew from her statement, PTI Parliamentary Secretary Maleeka Bokhari tweeted to announce the federal government’s decision to pursue the couple’s harassment case on behalf of the state.

She said the decision was made in light of the female victim’s refusal to acknowledge the suspects despite the availability of “irrefutable” video and forensic evidence.

“The State will pursue the prosecution in the Usman Mirza case regardless of recent developments regarding the victim’s testimony. Irrefutable video and recorded forensic evidence – anyone who harasses and strips a woman must face the full force of the law,” she wrote.

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Ten cases of defiance of the Minister of Defense – ARAB TIMES https://feminaust.org/ten-cases-of-defiance-of-the-minister-of-defense-arab-times/ Tue, 18 Jan 2022 19:17:49 +0000 https://feminaust.org/ten-cases-of-defiance-of-the-minister-of-defense-arab-times/ WhatsApp Facebook Twitter E-mail Messenger KUWAIT CITY, Jan. 18: Ten MPs signed a no-confidence motion against Deputy Prime Minister and Defense Minister Sheikh Hamad Jaber Al-Ali towards the end of the regular session of the National Assembly on Tuesday. The Assembly then decided to postpone the vote on the motion of no confidence until January […]]]>





KUWAIT CITY, Jan. 18: Ten MPs signed a no-confidence motion against Deputy Prime Minister and Defense Minister Sheikh Hamad Jaber Al-Ali towards the end of the regular session of the National Assembly on Tuesday. The Assembly then decided to postpone the vote on the motion of no confidence until January 26, 2022. During Tuesday’s session, the Assembly witnessed a minor incident when Secretary General Adel Al-Lugani fell into a reading incoming letters. President Marzouq Al-Ghanim adjourned the session for 15 minutes to clear the way for the provision of medical care to Al-Lugani. Al-Ghanim then resumed the session, revealing that Al-Lugani was rushed to hospital and is in stable condition.

Defense Minister Sheikh Hamad Jaber Al-Ali

He asked for the postponement of other items on the agenda until Wednesday, then the Assembly proceeded to the defense minister’s motion to fence. Al-Azmi was given an hour and a half to present the five points of the toasting motion. It started with the decision to allow Kuwaiti women to join the Kuwaiti army. He wondered why the Minister pointed out that his decision could not be withdrawn, and then said that he was awaiting the opinion of the Directorate of Legal Advice and Legislation. He quoted the opinion of the most eminent religious institutions and scholars that women are completely prohibited from engaging in combat missions. He argued that allowing women to join the military puts them at risk of being prisoners of war (POW). He added that the nature of women is not for military tasks such as carrying weapons and facing enemies.

Assaults He also mentioned statistics released in July 2021, indicating that the US military has recorded 135 sexual assaults in 11 years. He showed former US President Donald Trump’s tweet which said there were 26,000 unreported sexual assaults in the military, compared to just 238 convictions. He added that 175 US Navy officers were implicated in gang rapes within the institution, but some victims are afraid to report such cases.

He went on to say that a decision had been made to allow abortion for female soldiers who became pregnant while in an illicit relationship. He also presented a report that nearly a third of female soldiers in the British Army had been raped or intimidated by their superiors. He said another study showed that more than half of female soldiers in the German army are victims of sexual assault. He showed the results of surveys conducted by the Kuwait Center for Gulf and Peninsula Research, indicating that the number of Kuwaiti women who oppose the entry of women into the army is higher than that of men. – 73% of male participants against 81% of their women. counterparts. Provide a breakdown of results by governorate; Al-Azmi revealed that 90% of the participants in Jahra are against the decision, 77% in Hawally, 73% in Farwaniya, 74% in the capital, 73 in Ahmadi and 79% in Mubarak Al-Kabeer.

He pointed out that these results clearly indicate that Kuwait is a conservative society. On the second point of the grilled motion, Al-Azmi pointed out that the minister knew nothing about the reports of the State Audit Office (SAB) on the Eurofighter arms deal. He said that the investigation committee formed in accordance with the decision of the late Minister Sheikh Naser Sabah Al-Ahmad has not yet completed its report despite the passage of three years since its formation. He mentioned one of the violations of the agreement by comparing the prices of the Eurofighter plane with those of the agreements concluded by other GCC countries. He revealed that the Kuwaiti deal is valued at $9 billion for 28 planes, while Saudi Arabia has bought 72 planes of the same model for the same price. Qatar bought 24 Eurofighters for £5 billion and Oman bought the same number for $2.24 billion.

He claimed that the Kuwaiti deal was settled without the approval of the SAB and that the amount of the commission was shrouded in controversy. He asked why the minister did not reveal the facts, adding that the manufacturer had received 520 million euros even before the payment was due. He said the minister failed to investigate the tenders committee for breaching regulations in this regard. He added that the pilots had not been trained to fly the Eurofighter aircraft despite the deal being struck three years ago.

He said the minister had ignored the SAB’s recommendation to conduct thorough feasibility studies on the disposal of old aircraft and the purchase of new ones. He claimed that the minister had denied reports of the sale of F-18 aircraft to Malaysia, but that the Malaysian defense minister had revealed the truth when he confirmed that the F-18 aircraft sold were in good condition. He asked Sheikh Jaber Al-Ali to specify the date by which the investigative committee must submit its report on the agreement. Regarding the minister’s lack of cooperation with the SAB, Al-Azmi revealed that nearly 95 percent of the SAB’s comments have gone unanswered so far. He said the Assembly had approved the ministry’s KD 3 billion budget in 2016 for arms development agreements, pointing out that the deputies wanted to know how the ministry had spent the amount.

Al-Azmi said the minister failed to answer 51 out of 156 parliamentary questions. He pointed out that the minister answered MP Abdulaziz Al-Saqaabi’s questions regarding the three missiles launched from Iraq and landed in Kuwait. He added that the minister had denied the incident until the Iraqi side confirmed it. He went on to say that the minister responded to MP Shuaib Al-Muwaizri’s questions about guiding officers towards early retirement by simply saying the matter was top secret and then he gave an irrelevant answer.

The Minister responded to questions from MPs Hassan Jawhar and Al-Saifi Mubarak Al-Saifi on the Kuwait Army Fund, urging them to seek answers from the court or the accused. Al-Azmi added that the Ministry of Defense violated the circular issued by the Ministry of Finance on the need for each ministry and public institution to specify the land, land and real estate they own in Kuwait or abroad. . He said the Minister presented the annual report stating that the Ministry does not own any of the aforementioned properties. He said that Sheikh Abdullah Jaber owns cottages established on the properties of the Arms and Ammunition Department of the Ministry of Defence.

Regarding the issue of violation of the policy of replacing expatriate workers with nationals; Al-Azmi said the number of expatriate workers had reached 3,976 against 2,600 Kuwaitis. He revealed that 286 expatriates work in the offices of the minister and the assistant undersecretaries. He added that an expatriate consultant received a salary of 4,200 KD and a trainer received 4,100 KD. He said that many expatriates hold certain positions even if they do not hold the required university certificates; such as Computer Technician, Naval Engineering Technician, Computer Programmer, and Aeronautical Engineering Technician.

In response, Sheikh Hamad Jaber Al-Ali recognized the constitutional right of MPs to file intimidating petitions against ministers. However, he cited the Constitutional Court’s ruling that a minister cannot be questioned about everything that happened during the tenure of his predecessors. He said the grilling motion against him was filed just hours after he took the constitutional oath. He clarified that this does not mean that he is not prepared to discuss the toasting motion and rebut the points. Regarding the decision to allow women into the military, he explained that women will provide medical services such as nursing duties and administrative jobs in the ministry. He claimed the decision has nothing to do with fighting or carrying arms. He said the aim of the decision is to give working women the same allowances and wages as those given to their male colleagues. He added that 34 Islamic countries, including Saudi Arabia, the United Arab Emirates (UAE) and Bahrain, allowed women to join the army and even received military duties. He recalled the heroic role of Kuwaiti women during the Iraqi invasion, when they joined the military resistance and some of them became martyrs. He pointed out that the women worked in the military hospital for years and no one objected to it just because it does not violate Islamic Shariah and the Constitution of Kuwait.

He added that the opinion of the academics quoted by Al-Azmi speaks of real combat, which is not included in the decision to allow women to occupy medical and technical positions. He said that women are already working in the maintenance and repair of Patriot missiles, as well as in the information technology department of the ministry. He pointed out that women will not be allowed or forced to work for days on end, as they will go to work and leave every day, just like those who work in civilian institutions. He went on to say that the ruling rules out mandatory orders for women to join the military because it’s all up to them. He revealed that in 1988, the Minister of Defense – the late Sheikh Salim Al-Sabah – was the first to make such a decision when he allowed women to volunteer in the army. He said another decision was made in 1994 allowing women to join the army, adding that the trainers went through training courses in the UAE under female instructors and then returned to Kuwait. to work. He asked Al-Azmi to report violations of Islamic Shariah and constitution. Regarding the Eurofighter deal, the Minister disclosed that the contract was signed in 2016 in accordance with the MoU between Kuwait and Italy. He added that according to the SAB’s comments, the matter has been referred to the Public Prosecutor’s Office and an Inquiry Committee has been formed to investigate. He clarified that pilot training has not been canceled; but suspended due to the Covid-19 crisis, confirming training resumed later. He pointed out that if Kuwait sells an aircraft to Malaysia; such a step requires the approval of the Supreme Defense Council, the control institutions and the manufacturer. By Saeed Mahmoud Saleh Arab Times Staff





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Coatings scandal: Housing Secretary Michael Gove to issue warning to dangerous real estate developers | UK News https://feminaust.org/coatings-scandal-housing-secretary-michael-gove-to-issue-warning-to-dangerous-real-estate-developers-uk-news/ Mon, 10 Jan 2022 08:48:45 +0000 https://feminaust.org/coatings-scandal-housing-secretary-michael-gove-to-issue-warning-to-dangerous-real-estate-developers-uk-news/ [ad_1] “We’re coming for you” – this is the warning Michael Gove must give to dangerous real estate developers, as he tries to pressure developers to spend money to replace dangerous coatings. On Monday, the housing secretary is expected to outline his plans, which include tasking forensic accountants to track down those responsible and extend […]]]>


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“We’re coming for you” – this is the warning Michael Gove must give to dangerous real estate developers, as he tries to pressure developers to spend money to replace dangerous coatings.

On Monday, the housing secretary is expected to outline his plans, which include tasking forensic accountants to track down those responsible and extend assistance to tenants of low-rise apartments.

A draft statement from the Commons Housing Secretary suggests he will warn developers they must agree to a £ 4bn plan to repair unsafe coatings in low-rise apartments by early March or risk breaking new laws requiring them to act.

Potential measures include restricting access to public finance and future markets, using planning powers, and taking companies to court.

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3:02

Hope for tenant siding

Sheath scandal

The proposals arrive more than four years after the Grenfell Tower fire in June 2017, in which 72 people were killed.

Since then, the siding scandal has trapped tenants in dangerous and unsaleable homes.

Mr. Gove is also due to announce that tenants in buildings of 11 to 18 meters will no longer have to contribute to the replacement of cladding.

“I warn them. If you mis-sell dangerous products like siding or insulation, if you cut corners to save money while you develop or renovate homes, we’ve come for you,” says the project.

The latest plans came about after a letter from Chief Treasury Secretary Simon Clarke to Mr Gove said loans for small buildings would be replaced with a “limited grants program”.

“You can use a high-level ‘threat’ of tax or legal solutions in discussions with developers as a way to get voluntary contributions from them,” he says.

“I am glad to see that you recognize the principle that the taxpayer should not be held responsible for the additional costs of remediation.

“I repeat, my approval of this new building complex of 11 to 18 million dollars is therefore conditional on the absence of new funding from the Exchequer.”

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Michael Gove ‘ready to use legal means’ to ensure developers take action

Speaking to Sky News on Monday, the Housing Secretary said he was prepared to “use legal means and ultimately the tax system” to make sure developers live up to their repair responsibilities of hazardous coatings.

“We want to tell developers and everyone who has a role to play in recognizing their responsibility that we want to work with them,” he said.

“But if it is necessary to do so, then we will use legal means and ultimately, if necessary, taxation to ensure that those with full pockets, those responsible for the maintenance of these buildings, pay rather than tenants, individuals, who in the past were asked to pay with money they didn’t have for a problem they didn’t cause.

Mr. Gove said there could be a developer tax, but stressed that some “have already stepped up” to remove the dangerous coatings.

“There are others who have even more to do and it’s a simple question – should they be the ones with the big bucks, the big profits, who were responsible for the construction of these buildings and who are the ultimate owners of these buildings? Or should it be people who worked hard to get a mortgage and now have to pay fees for faults that are beyond their control?

“If you have a question like that, then I think there can only be one answer.”

Michael Gove on Sky News 10/01/22
Picture:
Michael Gove said he was prepared to “use legal means and ultimately the tax system” to make sure developers fix unsafe coatings

Government “must work with industry”

Stewart Baseley, executive chairman of the Home Builders Federation, said tenants shouldn’t have to pay for building remediation.

“The largest UK-based house builders, who have only constructed a minority of the affected buildings, have already spent or committed nearly £ 1bn to clean up affected buildings and the developer tax Recently announced real estate will raise billions more, ”he said.

“We will engage directly with the government, but any other solution must be proportionate and involve those who actually constructed the affected buildings and specified, certified and supplied the defective materials.

“However, the most urgent action for the government remains to set direction and work with lenders, insurers, surveyors and the construction industry to understand what remediation work actually needs to be done to resolve the issues. residents’ problems quickly and easily. “

Meanwhile, shadow housing secretary Lisa Nandy said “promises are not a substitute for a plan” as she urged the government to go further to protect tenants from costs.

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Ohio Small Business Loan Options https://feminaust.org/ohio-small-business-loan-options/ Fri, 07 Jan 2022 22:21:23 +0000 https://feminaust.org/ohio-small-business-loan-options/ [ad_1] Are you ready to join the 900,000+ small businesses in Ohio? You will need some capital to get started. Or maybe you have an existing business in Ohio and are looking for a little extra capital to help you grow your business by recruiting help, investing in marketing, or buying real estate. Do not […]]]>


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Are you ready to join the 900,000+ small businesses in Ohio? You will need some capital to get started.

Or maybe you have an existing business in Ohio and are looking for a little extra capital to help you grow your business by recruiting help, investing in marketing, or buying real estate.

Do not worry. There are small business loans for every situation and every credit profile.

How a Loan Can Help Your Ohio Small Business

Small business owners know that it takes money to make money. If you’ve started your business, you know that there have always been things that could have been better or easier if you had just had a little extra cash.

Taking out a business loan can help you achieve profitability faster, serve your customers better, or offer more products. If you use it to hire helpers, you can focus on running your business while your employees fill orders and handle customer service. If you’re short on space, a loan can help you move into a larger property. Or if you borrow money to place large inventory orders, you can buy more products for a lower price.

It’s important to note that if your business is in trouble, while it may seem like taking out a loan could solve your problems, in the long run you will have racked up more debt on top of the financial challenges you have. The best time for a loan is when your business is booming, as counterintuitive as that may sound.

Best Small Business Loan Options For Ohio Businesses

Here’s where you’ll need to do a little homework to determine which business loan options are best for you. There are many different types of loans and dozens of different lenders, each offering slightly different benefits.

Bank loans

There are banks all over Ohio that offer working capital loans for businesses. You usually need to have good credit and have been in business for at least two years to qualify. If you qualify, these offer some of the lowest rates on the market.

SBA loans

The Small Business Administration in the United States has several SBA loan programs that also offer low interest rate loans. These include its 7 (a) program, microcredit program, and other loans for minority businesses and economic development.

You can find out more about eligibility for SBA loans at SBA.gov.

Credit lines

Another option to consider is a line of credit. Rather than getting the full loan amount you qualify for, you can borrow up to that limit and pay it back, keeping the line open for as long as you need.

Short term loan

If you don’t have good credit, short term loans are an option to consider. Note that these have higher interest and must be repaid quickly, sometimes in just a few months.

How to get a small business loan in Ohio

Borrowers looking for business financing have several options. You can go directly to the bank or lender, or you can work with a few different organizations in Ohio that offer technical assistance and resources for small businesses, including helping you create a business plan and complete your loan application.

The Ohio Development Services Agency has several resources for small businesses and can help you start and grow a minority business, as well as apply for federal contracts.

Small Business Development Centers are located statewide and can help you with financial projections that SBA lenders and others may need for small business financing. They also offer workshops and training to help your startup or small business.

How to Choose the Right Loan Option for Your Ohio Small Business

With so many loan options for entrepreneurs, how do you choose the best one?

The key is to define what you want the funding for. If you need a lump sum to, say, buy real estate, a commercial real estate loan would be ideal. If you prefer to have access to funds and use them as needed, a line of credit may be preferable. And if you just need the ability to make purchases for your business, look at business credit cards.

How To Qualify For A Small Business Loan In Ohio

Once you’ve decided on the loan option that’s right for you, make sure you’re eligible for it. Eligibility requirements are different for different types of loans, and there are a few things that will determine the interest rate you qualify for.

As a general rule, the higher your credit scores, the better the loan terms you will qualify for. Banks and SBA lenders generally want you to be in business for at least two years. If you don’t meet these criteria, you can opt for short-term loans or cash advances to traders, which consider annual income instead.

Ready to expand your business in Ohio?

Whether you live in Columbus, Toledo, Cincinnati, or anywhere else in Ohio, you don’t have to go it alone to grow your business. With so many loan options from banks, the federal government, and online lenders, you just have to choose the loan that’s right for your needs.

This article was originally written on January 7, 2022.

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Number of women entrepreneurs in Korea stands at 2.2 million https://feminaust.org/number-of-women-entrepreneurs-in-korea-stands-at-2-2-million/ Wed, 29 Dec 2021 04:52:00 +0000 https://feminaust.org/number-of-women-entrepreneurs-in-korea-stands-at-2-2-million/ [ad_1] A brochure for a nationwide business survey (Statistics Korea) SEJONG – The number of women representing small and large companies in Korea has increased by 366,000 over the past five years, according to data as of December 28. In particular, they outnumbered male presidents in private education services and accommodation and food services. According […]]]>


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A brochure for a nationwide business survey (Statistics Korea)

SEJONG – The number of women representing small and large companies in Korea has increased by 366,000 over the past five years, according to data as of December 28. In particular, they outnumbered male presidents in private education services and accommodation and food services.

According to Statistics Korea, the number of companies in the country stood at 6.01 million at the end of 2020. About 2.2 million, or 36.7%, had female presidents, involving CEOs in the case. conglomerates.

The proportion of women has increased slightly from 36.1% posted five years earlier in 2015. Although this is a slight increase, there are forecasts that 2 in 5 women will be women among all companies in the years to come.

Compared to five years earlier in 2015, the number of women presidents increased by 366,000, the state-funded agency said.

A notable proportion of women in terms of entrepreneurship was observed in the sector of private educational institutions, known locally as hagwon, of which 59.8% were headed by women, up from 5.3 percentage points compared to 2015.

Their share was 58.4% among accommodation and catering companies in 2020 and 47.3% among other forms of services and associations. Women presidents accounted for 41.7% in the wholesale and retail sector.

In the service sector, it is estimated that a large portion of women could also be posted to real estate agencies and bakeries, while Statistics Korea has not released their contact details.

Gender-based data in sectors such as information technology and manufacturing have also not been made public.

In terms of employees in companies, more than 2 in 5 employees were women – 10.4 million out of a total of 24.8 million last year.

The proportion of female employees increased by almost 1 percentage point over the corresponding five-year period to 42.1%, with the arithmetic number reaching 1.02 million.

Their share was quite high in the health and social protection sector at 81.2 percent, in private education services at 65 percent and accommodation and food services at 61.3 percent.

Meanwhile, the business tally increased by more than 900,000, from 5.1 million in 2015 to 6.01 million in 2020.

Gyeonggi Province tops the list with an increase of 312,000 companies, followed by Seoul with 127,000 and Incheon with 51,000. Next come South Gyeongsang Province with 47,000 and South Chungcheong Province with 46,000.

About 49.2% of companies were headquartered in the Greater Seoul area – Seoul, Gyeonggi Province and Incheon – last year, up from 48.4% in 2015.

Likewise, 52.3 percent, or 12.97 million, of total employees worked in the Seoul area, where their share increased 0.6 percentage points in five years.

By Kim Yon-se (kys@heraldcorp.com)

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PDL Community Bancorp and Ponce Financial Group, Inc. Announce Results of PDL Shareholder Offer and Voting Results; Ponce Bank Mutual Holding Company Adjourns Special Membership Meeting to Continue Soliciting Additional Membership Votes https://feminaust.org/pdl-community-bancorp-and-ponce-financial-group-inc-announce-results-of-pdl-shareholder-offer-and-voting-results-ponce-bank-mutual-holding-company-adjourns-special-membership-meeting-to-continue-s/ Tue, 28 Dec 2021 18:32:00 +0000 https://feminaust.org/pdl-community-bancorp-and-ponce-financial-group-inc-announce-results-of-pdl-shareholder-offer-and-voting-results-ponce-bank-mutual-holding-company-adjourns-special-membership-meeting-to-contin [ad_1] BRONX, New York, December 28, 2021 (GLOBE NEWSWIRE) – PDL Community Bancorp (“PDL”) (NASDAQ: PDLB), the holding company of Ponce Bank (the “Bank”), Mortgage World Bankers, Inc. (“Mortgage World ”) and Ponce Financial Group, Inc. (“ Ponce Financial Group ”), today announced (i) the results of the subscription offer, as detailed below, and (ii) […]]]>


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BRONX, New York, December 28, 2021 (GLOBE NEWSWIRE) – PDL Community Bancorp (“PDL”) (NASDAQ: PDLB), the holding company of Ponce Bank (the “Bank”), Mortgage World Bankers, Inc. (“Mortgage World ”) and Ponce Financial Group, Inc. (“ Ponce Financial Group ”), today announced (i) the results of the subscription offer, as detailed below, and (ii) as of the extraordinary shareholders’ meeting held in December On December 28, 2021, the shareholders of PDL approved (a) the conversion and reorganization plan, under which Ponce Financial Group will be the new holding company of the Bank and Mortgage World once the second stage of conversion and proposed reorganization Ponce Bank Mutual Holding Company (“PBMHC”) and (b) the financing of the Ponce De Leon Foundation (the “Foundation”). The closing date of the conversion and reorganization, of the financing of the Foundation and of the simultaneous subscription offer has not yet been determined and is subject to the satisfaction of customary closing conditions, including the approval of members of PBMHC.

A total of 13,242,195 common shares of Ponce Financial Group are expected to be sold under the subscription offer at a price of $ 10.00 per share. In addition, as part of the conversion, each outstanding PDL ordinary share held by public shareholders (i.e. shareholders other than PBMHC) on the closing date will be converted into the right to receive 1.38733 common shares of Ponce Financial Group in exchange for each common share of PDL. This exchange ratio ensures that upon closing of the conversion and the offer, the public shareholders will hold approximately the same percentage of the overall ownership interest in Ponce Financial Group that they held in PDL before the closing of the transaction. Cash will be issued in lieu of fractional shares based on the offering price of $ 10.00 per share. Ponce Financial Group will also contribute 397,266 shares to the Foundation. At closing, the total outstanding shares of Ponce Financial Group are expected to be 24,572,441 shares, before taking into account adjustments for fractional shares. Janney Montgomery Scott LLC was the selling agent for Ponce Financial Group in connection with the subscription offer.

In addition, the PBMHC called its extraordinary meeting of members on December 28, 2021, at which a quorum was present. In order to give members more time to vote for the conversion and reorganization plan and the financing of the Foundation, the special meeting was adjourned until Friday, January 7, 2022 at 4 p.m. EST, at which time it will meet again at the same location, 2244 Westchester Avenue, Bronx, NY 10462. Members who have not yet voted can vote by Internet, phone or mail by following the instructions on the proxy card previously received or, to facilitate voting, by calling Laurel Hill Advisory Group at 888-742-1305.

About PDL Community Bancorp

PDL Community Bancorp is the financial holding company of Ponce Bank and Mortgage World Bankers, Inc. Ponce Bank is a minority depository institution, community development financial institution and approved lender by the Small Business Administration. The activity of the Bank consists mainly of receiving deposits from the general public and, to a lesser extent, alternative sources of financing and investing these deposits, together with the funds generated by operations and borrowings, in mortgage loans. , comprised of 1-4 family residences (investor-owned and owner-occupied), multi-family residences, non-residential properties and construction and land, and, to a lesser extent, in business and home loans. consumption. The Bank also invests in securities, which include securities of the US government and federal agencies and securities issued by companies sponsored or owned by the government, as well as mortgage-backed securities, bonds and corporate bonds. and shares of the Federal Home Loan Bank. Mortgage World Bankers, Inc. is a mortgage lender operating in five states. As a Federal Housing Administration (“FHA”) approved Title II lender, Mortgage World Bankers, Inc. creates and sells FHA-guaranteed single-family mortgages to investors, as well as conventional mortgages.

Forward-looking statements

Certain statements contained in this document constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the provisions of the sphere of security of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes”, “will”, “will”, “expects”, “draft”, “may”, ” could ”,“ developments ”,“ strategic ”,“ launch, ”“ opportunities ”,“ anticipates ”,“ estimates ”,“ envisages ”,“ plans ”,“ targets ”and similar expressions. These statements are based on the current beliefs and expectations of PDL management and are subject to significant risks and uncertainties. Actual results may differ materially from those stated in forward-looking statements due to many factors. Factors that could cause such differences include, but are not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on PDL’s business operations; changes in interest rates; competitive pressures from other financial institutions; the effects of general economic conditions on a national basis or on the local markets in which PDL operates, including changes that negatively affect the ability of borrowers to service and repay PDL loans; the anticipated impact of the COVID-19 pandemic and PDL mitigation attempts; changes in the value of securities in PDL’s investment portfolio; changes in loan default and write-off rates; fluctuations in real estate values; the adequacy of loan loss reserves; declines in deposit levels requiring increased borrowing to finance loans and investments; operational risks, including, but not limited to cybersecurity, fraud and natural disasters; changes in government regulations; changes in accounting standards and practices; the risk that intangible assets recorded in PDL’s financial statements will be impaired; demand for loans in PDL’s market area; PDL’s ability to attract and hold deposits; risks associated with the implementation of acquisitions, disposals and restructuring; the risk that PDL will not be successful in implementing its business strategy; changes in the assumptions used to make these forward-looking statements and the risk factors described in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website, www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. PDL disclaims any obligation to publicly update or revise forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as applicable law or regulation requires it.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission. This press release is neither an offer to sell nor a solicitation of an offer to purchase common shares.

PDL has filed a power of attorney / prospectus relating to the conversion and reorganization with the Securities and Exchange Commission. PDL shareholders are urged to read the Management Proxy Circular / Prospectus as it contains important information. Investors can obtain all documents filed with the Securities and Exchange Commission by PDL and Ponce Financial Group free of charge from the Securities and Exchange Commission website, www.sec.gov. In addition, documents filed with the Securities and Exchange Commission by PDL and Ponce Financial Group are available free of charge from the Corporate Secretary of PDL at 2244 Westchester Avenue, Bronx, New York 10462, Attention: Corporate Secretary.

The directors, officers and certain other officers and employees of PDL participate in the solicitation of proxies in favor of the conversion and reorganization of PDL shareholders and PBMHC members. Information about the directors and officers of PDL is included in the Management Proxy Circular / Prospectus filed with the Securities and Exchange Commission.

Common stocks are not savings accounts or savings deposits, may lose value, and are not insured by the Federal Deposit Insurance Corporation or any other government agency.

Contact:
Frank perez
frank.perez@poncebank.net
718-931-9000

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