Fast lending – Inzerce Pujcek Wed, 05 Jan 2022 18:33:08 +0000 en-US hourly 1 Fast lending – Inzerce Pujcek 32 32 Kasper Marott: Full Circle album review Mon, 22 Mar 2021 07:41:47 +0000 Three or four years ago, Copenhagen became known for a particularly fast variety of dance music. Its frantic battery programming packed a punch of industrial strength; its glistening synths channel the ’90s trance. Most people would simply call it “fast techno,” though that curtly utilitarian term doesn’t capture the eye-opening psychedelic aura of the style. […]]]>

Three or four years ago, Copenhagen became known for a particularly fast variety of dance music. Its frantic battery programming packed a punch of industrial strength; its glistening synths channel the ’90s trance. Most people would simply call it “fast techno,” though that curtly utilitarian term doesn’t capture the eye-opening psychedelic aura of the style. Kasper Marott is no stranger to fast tempos and he released on Kulør, a Copenhagen label at the heart of sound development. But Marott does not share the ferocity of some of his peers. His 2018 single “Keflavik” filtered the pogo grooves of the stage through the rubbery shtick of vintage Italo nightclub funhouse, scribbling a dizzying grin instead of the clenched-jawed grin of fast techno. And on his single “Drommen om Ø (Forever Mix ’19) 2019 de Kulør”, he changed things up completely, slowing down the tempo and plunging into 14 minutes of eerie, weightless bliss – pink as a sunset, wet as a tropical forest, spongy like a water bed.

At Full circle, his first album, Marott continues to fight against techno orthodoxy from several angles. It tackles a wider range of tempos, styles and moods than ever before: woozy slow-motion jams, pensive ambient skits, thrilling breakbeat trance. The common threads are ultra-vivid sound design, oversaturated colors, and a subtle sense of humor. There is nothing wacky about these songs, but they are distinguished by lightness of mind and trickster instincts. Several times in the middle of “Missing Link”, a thunderous drum’n’bass tune, the rhythm stops. Marrott usually fills those breaks with squiggles of electronic noise, but the last time it happens he simply cuts the silence for 11 long seconds – which must seem like forever to the surprised DJ, rushing to find the next track, who thinks. that the song ended prematurely.

Outstanding tracks take the ball of fast technology and run with it. “Mister. Smiley” opens the album with a sweet dawn of softly wobbling synths, but once the beat kicks in there’s no hiding the song’s fervor at rush hour. The overactive drums and bassline emphasize the downbeats, lending the groove a jittery, hiccuping energy, which only breaks loose over the course of its nine minutes of running. But despite the intensity going all the way up to 11, “Mr. Smiley” has a hypnotic grace that is lacking in many equally complete club tracks. For all its caricatural strength, there is a great deal of subtlety in the mix and just as much surprise in the arrangement, which finds a clear dichotomy between the rolling groove below – deep, incessant, steady like your heartbeat – and the synths and dives unpredictably through the upper register, chuckling like disturbed birds.

Several tracks undermine a similar territory. “Mini Trance” marries the warm Detroit synths to a stiff, stomping beat and flesh out the space around them with shimmering metallic accents; the “Sol”, the highlight of the album, bathed in sunshine, applies the same approach to a house breakbeat foundation, surging then falling back into ocean waves. Among these uptempo pieces, only “Kun for mig” (“Just for me”) is envious; like his companions, he aims for a sort of inflated catharsis, but the rhythm and bassline fail to take off.

Some of the most unexpected moments on the record happen when Marott drops the high BPMs. “Mere” offers a weird version of the British garage, with a stumbling pace that feels even slower than it actually is; like “Mr. Smiley,” it makes the most of the contrast – in this case, between the crispness of the drums and the gloopiness of the beeps above. “Hvad er det” (“What is this” ) layers ambient textures over the kind of slow-motion groove once common among ’90s bands like Soul II Soul and Ace of Base, then throws a wrench in the works by looping a misshapen breakbeat into a weird time signature. “Top Soap ”and“ Pling ”both use marimba to evoke warm tropical atmospheres – the former to a crisp dembow rhythm and the latter to rippling triplet patterns reminiscent of classic minimalism. The fact that many of these songs last only two or three minutes does not diminish their impact. These shorter, more sketch-like pieces complement Marott’s trance-inducing epics well; their understated nature makes his hymns even more powerful.

As a genre, fast-paced techno doesn’t seem to have suffered much during the pandemic; Mainstays of the stage like Ibon, Rune Bagge, Funeral Future, and Repro continued to push quivering needles into the red. Yet the style remains inextricably linked with the nightlife experience, and as the pandemic continues and clubs remain closed, the whole raison d’être of club music becomes more and more noticeable. Divorced from the functional demands of moving bodies, what is dance music for? Full circle offers a number of possible answers, stimulating the imagination as much as the members. It is music to dance but also music to dream and, above all, music to stimulate dreams of a time when we can dance again.

Catch up every Saturday with 10 of our top rated albums of the week. Sign up for the 10 to Hear newsletter here.

Van Halen bursts with self-titled debut album Mon, 22 Mar 2021 07:41:47 +0000 The mid-1970s was a time of transformation for rock’n’roll music. The psychedelic phase was drawing to a close, glam and punk were on the rise and bands like Led Zeppelin, Aerosmith, KISS and the Eagles were on top of the world. But a four-piece band called Van Halen had just formed in Pasadena, Calif., Which […]]]>

The mid-1970s was a time of transformation for rock’n’roll music. The psychedelic phase was drawing to a close, glam and punk were on the rise and bands like Led Zeppelin, Aerosmith, KISS and the Eagles were on top of the world. But a four-piece band called Van Halen had just formed in Pasadena, Calif., Which was set to change the rock landscape forever.

Van Halen, who by this point had an established lineup of brothers Eddie and Alex Van Halen, David Lee Roth and Michael Anthony, began performing in various venues around Los Angeles. Eventually, they met Gene Simmons from KISS, who decided to fund their very first demo.

“Nothing really came out of it because we didn’t know where to take it,” Eddie Van Halen told Guitar Player magazine in 1978. “We didn’t want to go knocking on people’s doors and say, ‘Sign us up. , sign us, “so we ended up with just a decent soundtrack.”

From there, they continued to play concerts until they met Marshall Berle, who would become their manager. The executive of Warner Bros. Mo Ostin and producer Ted Templeman were mesmerized by the band after seeing them perform in Hollywood’s Starwood Hall, so they signed them up for a deal.

Van Halen, “Running with the Devil”

Young Van Halen entered Sunset Sound in 1977 and recorded his first album in three weeks. The guitarist was exceptionally proud of the live feel of the record’s sound, adding that he had only overdubbed his solos on “Runnin ‘With the Devil”, “Ice Cream Man” and “Jamie’s Cryin”.

Van halen was released worldwide on February 10, 1978. Although the record contained some of Van Halen’s most remarkable songs of his entire career, it was the explosive “Eruption” that was truly extraordinary. Arriving just after the opening of “Runnin ‘With the Devil”, the instrumental introduced the world to a new technique of guitar witchcraft that Van Halen has become known for – tapping.

“I was just sitting in my room at the pad at home, drinking a beer, and I remembered seeing people stretch a note and hit the note once. They put their finger on it to strike a note. ., damn, nobody’s really capitalizing on that, ”the guitarist explained to Classic Rock Style.

Van Halen, “Eruption / You Really Got Me”

“Eruption” served as the precursor to their cover of “You Really Got Me” by The Kinks. It was chosen as the lead single by Templeman, although Van Halen later admitted that he would have preferred it to be “Jamie’s Cryin ‘” or one of their other compositions.

The song was picked up by radio stations across the United States fairly quickly, and the song peaked at No. 36 on the Billboard Hot 100 charts. It became so popular among younger generations of rock fans that the Kinks version was sometimes mistaken for the cover rather than the original, according to Dave Davies. While his brother Ray favored the blanket, he felt rather bitter at how much more extravagant it was than theirs.

“When I first heard [Van Halen’s] version of it, I felt, you know, ‘It sounds really flash.’ But it portrays the era, doesn’t it? “Davies told the Van Halen press office years later.” In that sense, that was back when the rock stadium was big, and the guitars were flashier, and pants tight and chic. “

Van Halen, “Jamie’s Cryin ‘”

This particular set of songs would catapult the band to stardom and set the stage for a very long and successful career. The album peaked at No. 19 on the Billboard 200 and was certified Diamond by the RIAA in 1999, making it one of the first best-selling albums in rock history.

East Van halen mostly full of arena-rock vocals? Sure, but the complexity of the instrumentation made them so much more than that, which would cause future generations of rock artists to focus on their skills and technique as much as their composition.

Top 70 Hard Rock + Metal Albums of the 1970s

Bobby Rush goes back to basics on new album “Rawer Than Raw” Mon, 22 Mar 2021 07:41:47 +0000 On August 28, 2020, the Grammy-winning blues icon Bobby rush will release More raw than believed, a stripped-down acoustic homage to Mississippi’s rich blues history with songs from a handful of blues greats from its homeland. The record, on 86-year-old Deep Rush Records own label in partnership with Thirty Tigers, follows Rush’s 2019 Grammy-nominated album. […]]]>

On August 28, 2020, the Grammy-winning blues icon Bobby rush will release More raw than believed, a stripped-down acoustic homage to Mississippi’s rich blues history with songs from a handful of blues greats from its homeland.

The record, on 86-year-old Deep Rush Records own label in partnership with Thirty Tigers, follows Rush’s 2019 Grammy-nominated album. Sitting on top of the blues, and his first project since his acclaimed appearance in last year’s Golden Globe-nominated Eddie Murphy’s blockbuster film Dolemite is my name.

Partly inspired by the popular Intimate Solo Concert Series, Rush has made a mainstay of his concert calendar over the years since his fully acoustic debut album (titled Raw), Rawer Than Raw highlights five Mississippi Blues Hall of Famers: l early acoustic blues greats Skip James and Robert Johnson, and Rush’s contemporaries on the 1950s and 1960s music scene, Howlin ‘Wolf, Sonny Boy Williamson II and Muddy Waters. The record features half a dozen covers of some of their best-known songs, performed in Rush’s unmistakable acoustic style, characterized by a screaming harmonica and a stomping foot to keep the beat. There are also five Rush originals – “Down in Mississippi,” “Leave me in your house,” “Sometimes I wonder,” “Let’s Make Love Again” and “Garbage Man,” all credited under his first name, Emmett Ellis. , Jr. – whose country vibe matches the songs that inspired the album.

“Although I was born in Louisiana, I am proud to call Mississippi home,” says Rush, who moved to Jackson, Mississippi, in the 1980s and traces his family ties to Magnolia State back to his Great grand-parents. “I salute the guys from Mississippi because they, to me, have stuck most to their roots. If you want to get the real deal from the blues, get it from the Mississippi bluesmen. Whether they migrated elsewhere like Chicago or Beverly Hills, if they are from Mississippi, you can hear Mississippi’s deep roots in their stories.

Long considered one of the preeminent blues storytellers, Rush has always emphasized storytelling in his music. In the ’70s,’ 80s, and ’90s, his risky, humorous chitlin shows often featured long, endless tales of romantic misadventures.

At the turn of the century, as he struggled to be accepted by the general public as one of the blues’ last ties to his golden age past, Rush began to tell different stories. His tale of a life spent playing over 200 shows a year and his appearances in documentaries like “The Road to Memphis” episode of Martin Scorsese’s The Blues (2003) and Take Me to the River (2014), have helped to catapult his star at the end of his career. Also in 2014, Bobby joined Dan Aykroyd on The Tonight Show Starring Jimmy Fallon to perform two songs, marking his first late-night TV appearance.

At the same time, Rush began to tell different recorded stories. In 2001, he received his first Grammy nomination for best contemporary blues album for Hoochie Man. In the years that followed, he was nominated for the Grammys four more times, including last year for Sitting on Top of the Blues, to accompany 51 Blues Music Award nominations and 13 wins. Rush won his first Grammy in 2017 for Best Traditional Blues Album for Rounder Records / Concord Music’s Porcupine Meat release, produced by Scott Billington.

Rawer Than Raw is a spiritual sequel to Rush’s original 2007 album, Raw. This album was Rush’s first acoustic effort and was a game-changer for him, showcasing a different artistic side and exposing him to new audiences. It also inspired the creation of an accompanying acoustic show, Bobby Rush: An Intimate Evening of Stories and Songs, which remains a popular draw today.

True to its name, Rawer Than Raw was made simply with performances recorded as simply as possible, just vocals, guitar, harmonica, and Rush’s feet. The album was recorded in Jackson for several years with engineer and executive producer Randy Everett, himself from Mississippi. The two focused on some of Rush’s favorite artists, selecting songs that weren’t the only ones representative of them but also matched Rush’s unmistakable acoustic style.

“I could have done so many more people, but you can only put 10, 11 songs on a CD,” said Rush, who hinted at plans to honor other artists in the same way, referring to himself. perhaps focusing on artists from other southern states. where he lived, Arkansas and Louisiana. “That doesn’t mean they’re the only people I love or respect.”

With each selection, Rush found himself covering artists with whom he had a strong personal connection.


Rush describes Nehemiah Curtis “Skip” James, of Bentonia, Mississippi, the first artist covered on Rawer Than Raw, as a father figure. James was a contemporary of Son House and Robert Johnson but largely disappeared after a historic 1931 recording session. Over 30 years later he was rediscovered by a new generation of blues fans and started over again. to perform across the country when Rush met him shortly before his death in 1969 at the age of 67.

“I was always struck by the way Skip James played and sang,” says Rush, who performs a version of perhaps James’ best-known song from the 1931 session, “Hard Time Killing Floor Blues,” who ‘he renamed it’ Hard Times. “” The song never knocked me down, but the direction he took it did. And the subject: “Times are tougher now than they’ve ever been.” Seems like a great song to sing today with everything going on.

Rush first met Howlin ‘Wolf – aka Chester Burnett, of little White Station, Mississippi – in 1951 in Arkansas, and six years later introduced the gritty-voiced singer to his second wife in Chicago. Wolf, who died in 1976 at the age of 65, still holds an important place for Rush as a model of a blues singer.

“He was one of those guys who did what he did, and no matter how it came out, that’s how it went,” Rush recalls. “He had this thing where he didn’t care what other people thought. What you see is what you get. It is also my attitude.

Rush holds Wolf in such high regard that he has honored him as the only artist to be honored with two tracks on Rawer Than Raw: the first is Rush’s version of what could be Wolf’s signature song. , the vampire has a “Smokestack Lightning” chord, the roots of which can be traced back to when Wolf played with fellow Mississippi greats Charley Patton. For the second, Rush chose the relatively obscure 1961 B-side “Shake It for Me” (originally “Shake for Me,” recorded by Howlin ‘Wolf and written by Willie Dixon), which is probably best known for having inspired some of the lyrics. in “Whole Lotta Love” by Led Zeppelin eight years later.

Unlike Wolf, Rush admired Muddy Waters for the tunes he assumed – his eye-catching clothes and attention to presentation. Rush met Waters (born McKinley Morganfield, probably in Rolling Fork, Mississippi) around the same time he met Wolf, in Chicago during a memorable time, where he also met Jimmy Reed, Ike Turner, eventually. Buddy Guy and Etta James. One of Waters’ big chess hits that year was “Honey Bee, Sail On,” which Rush performs here, though her performance owes something to an earlier treatment of the song by folk singer Leadbelly – titled “Sail On, Little Girl” – recorded by folklorist Alan Lomax in 1935

The third artist covered in Rush’s early Mississippi Delta debut is harmonica player Sonny Boy Williamson II, – aka Alex Miller, of Tutwiler, Mississippi – who was a frequent collaborator of Rush’s first mentor and sometimes employee, the Great slide guitarist Elmore James. Rush performs Williamson’s oft-repeated 1955 hit “Don’t Start Me Talkin ‘,” a favorite of rock groups like the New York Dolls, Doobie Brothers and Bob Dylan.

Elmore James, who Rush first met in 1947 as a minor with a fake mustache trying to squeeze his way into Arkansas juke joints to play, is in Rawer Than Raw’s final selection. “Dust My Broom”, one of the most famous songs by one of the most famous of all bluesmen (and Mississippians), Robert Johnson, born in Hazelhurst, would have been a no-brainer on an album honoring the blues artists of the Mississippi. But the inclusion of the song is as much a tribute to the man who taught it – James, born in Richland, Mississippi, who performed with Johnson before his death in 1938 and had his own 1951 success with Williamson. on the harp.


Bobby Rush was born Emmett Ellis, Jr. outside of Homer, Louisiana, in 1933. He played a diddley bow before picking up a guitar around the age of 11, and his preacher father knew enough. on a harmonica to transmit some riffs to its offspring. The family moved to Pine Bluff, Arkansas, in 1948.

While still a teenager, Rush grew into a professional blues musician, adopting his stage name so as not to disrespect his devoted father. He played with Elmore James in Arkansas in the late 1940s and early 1950s before moving to Chicago. There he formed a band with an equally young Freddie King on guitar (Luther Allison entered the combo later). Rush performed on the West Side and in the southern suburbs of Windy City, but it wasn’t until 1964 that he made his recording debut on the label Jerry-O’s small debut album.

In 1971, Rush broke into the national charts with the funk grinder “Chicken Heads” for Galaxy Records. The song has since become one of Rush’s flagship songs, lending its title to his 2015 career-spanning retrospective. In recent years, the song has been featured in Samuel L. Jackson’s Black Snake Moan and HBO’s Ballers series.

Rush Hour, an album for Kenny Gamble and Philadelphia International Records by Leon Huff in 1979, should have made Bobby a huge star but only received his due in the 2000s, when Rolling Stone recognized him as one of the best blues albums of the ’70s. An encore LP was summarily shelved, and before long Rush returned south to Jackson, Mississippi, which was quickly becoming the last bastion of Southern soul-blues. In 1983, the lascivious “Sue” on the LaJam imprint sold over a million records.

During this time, Rush cemented his reputation as a legend of the chitlin circuit, performing at least 200 shows a year. He recorded a series of memorable albums for Urgent !, Waldoxy and his own Deep Rush Records.

During the new millennium, Rush managed to gain recognition at the end of his career. He got his first Grammy nomination for his album Hoochie Man in 2000. He was nominated again in 2014 for Down in Louisiana and again in 2015 for Decisions before winning his first Grammy in 2017 for Porcupine Meat. Also in 2015, Omnivore Recordings released the 4-CD, 74-song set, Chicken Heads: A 50-Year History of Bobby Rush, which won a Blues Music Award for Best Historical Release.

Bobby’s performance itinerary has encompassed some of the world’s greatest music festivals, from the Chaifetz Arena in St. Louis to the Byron Bay Bluesfest in Australia, countless European engagements, the Fuji Rock Festival in Japan and, closer from home, Bonnaroo and the New Orleans Jazz & Heritage Festival. Rush was the first bluesman to perform on the Great Wall of China, attracting an audience of over 40,000 and earning him the title of “Chinese Blues Ambassador”.

How much alcohol does it take to get a hobbit drunk? Mon, 22 Mar 2021 07:41:47 +0000 Hobbits lead the good life: they eat all day, they usually work with their hands and enjoy nature (unless they are rich and don’t work at all), and they live in an idyllic agricultural landscape filled with lush trees, rivers and greenery. Hills. They also consume their fair share of beer in taverns, an ode […]]]>

Hobbits lead the good life: they eat all day, they usually work with their hands and enjoy nature (unless they are rich and don’t work at all), and they live in an idyllic agricultural landscape filled with lush trees, rivers and greenery. Hills. They also consume their fair share of beer in taverns, an ode to pub culture that JRR Tolkien himself has announced.

But how much can a hobbit Actually drink?

There’s a joke in the Lord of the Rings movies that isn’t present in the books – while hanging out at the Prancing Pony, Merry returns to the table with a large tankard. and Pippin asks what he’s drinking:

“This, my friend, is a pint,” he said viciously.

Pippin’s eyes widen. “Does it come in pints?” “

It makes sense that hobbits would turn to smaller casts because they are smaller people – you wouldn’t give a five year old a glass of juice because they have a smaller stomach and the glass would be bigger. difficult to manage in smaller hands. But even if the average Hobbit goes from half a pint to half a pint, that doesn’t mean their drinking rates are low in the booze department.

So how much can they save when they crawl around the tavern with friends? It depends on a multitude of interesting factors….

Hobbit measurements. Hobbits are typically two to four feet tall, Tolkien says, with the average height being three feet and six inches. This is during the LOTR events; Tolkien claims that living hobbits today rarely reach three feet. [The Fellowship of the Ring, “Concerning Hobbits”] Of course, an adult hobbit will on average have more body weight than your typical human child of the same height thanks to a slower metabolism and famous love of food (“Elevensies” is one thing!), So we can estimate. that if a 42 inch child weighs an average of 40.5 pounds, a hobbit will weigh around 70 pounds. Being generally smaller also means having a smaller stomach, but that shouldn’t be a problem; your average adult stomach can dilate considerably to contain several liters if needed, which means that a hobbit can probably swallow 1.5 liters (more than 3 pints) without much effort. So this means that the volume is not too much of a problem while drinking.

Type of beer. LOTR refers to hobbit beer as both “beer” and “ale”. As we observe various species getting drunk on the beer on display, we can assume that Tolkien is not referring to the small beers of yesteryear, but the average fare that could be found in a pub in the 20th century. The majority of Hobbit beers can be labeled as session beers, making them suitable for long evenings after a hard day’s work.

Alcohol content. Ale averages around 3-6% ABV. To simplify the math, let’s assume 5% ABV for your typical Hobbit beer. Something sessionable, but not so low that your average man wouldn’t notice the kick in, as Hobbits are clearly good drinkable drinks that are also brewed with Big Folk in mind.

Alcohol units. The specific unit for a measure of beer is also important here. It is likely that a pint in Middle-earth is an Imperial pint, which is different from the American unit. (The Imperial pint is larger.) A full Imperial pint is 568 milliliters, or half a pint is 284 milliliters.

Alcohol elimination rate. This is one of the key variant factors in determining how quickly Hobbits can process alcohol; contrary to what many people believe, your metabolism has very little to do with how quickly you process alcohol. The biological process that determines this is actually a construct called the alcohol elimination rate, which is basically a calculation that determines how quickly your liver can filter alcohol through your system.

One of the factors in this calculation is how often you drink; a person who drinks regularly will eliminate alcohol more quickly than a person who drinks only occasionally because they have developed a chemical “tolerance”. Another factor is the size of your liver in relation to your body mass. If the size of a hobbit’s liver relative to its body size is similar to that of an adult human, it will eliminate alcohol at roughly the same rate as an adult human. If a hobbit’s liver size is larger than that of an adult human (which is true for children) relative to their body size, they are more likely to have an elimination rate of alcohol closer to that of an alcoholic or a child. It’s entirely possible – perhaps even likely – that hobbits have proportionately larger livers, the same way a human child would. Since Hobbits have a relatively constant rate of consumption (six meals a day, when they can have any), their systems are not exactly the same as those of a human.

With that in mind, it’s time to do some math!

The alcohol content in the blood is usually determined by the Widmark formula. While this formula is not absolute, it does give us a useful baseline. Here is an updated version of the formula:

% BAC = (A x 5.14 / L xr) – 0.015 x H

Here are the variables you need to consider:

A = fluid ounces of alcohol consumed

W = weight of a person in pounds

r = a gender constant of the distribution of alcohol (0.73 for men and 0.66 for women – this is tricky for flexibility)

H = hours elapsed since the start of consumption

The 0.015 in the equation is the average alcohol elimination rate for a social drinker. If the hobbits do have a higher elimination rate, this number needs to be changed to around 0.028 for the formula to give an accurate BAC%. We determine A by calculating the amount of alcohol in the beer consumed, which is the number of fluid ounces in a drink multiplied by the number of drinks consumed multiplied by the ABV of the drink. If a hobbit consumes two half pints of beer, the formula for A looks like this:

9.6 ounces x 2 half pints x 5% ABV = 0.96 oz

If we use this formula to account for the blood alcohol level of a male hobbit who drank two half pints of beer in an hour on an empty stomach, with an average human elimination rate, this is what we get. :

(0.96 x 5.14 / 70 x 0.73) – 0.015 x 1

(4.934 / 51.1) – 0.015 x 1

.0965 – .015 x 1 = .082 BAC%

For the record, 0.08% puts you above the legal limit for driving in the US (Granted, Hobbits don’t drive cars. Do they need a license for ponies?) Let’s see what happens. happens when we adjust the elimination rate for someone with a bigger liver, closer to the range of a chronic drinker:

.0965 – .028 x 1 = .069 BAC%

If we assume the latter, then a hobbit that puts away a pint in an hour would be in “buzzing” territory – lowered inhibitions, a little louder and louder, heightened emotions. If the same hobbit consumed 1.5 pints in the same hour, his blood alcohol level would skyrocket to 0.12%, leading to severe motor and memory impairment as well as poor self-control. Two full pints in an hour would lead to a blood alcohol level of 0.17%, which would cause that same hobbit to start feeling dizzy or nauseous, with blurred vision and a possible risk of fainting. By three pints and a blood alcohol level of 0.26%, the poor guy is probably throwing up near a poor farmer’s stables and leans on his friends for support because he can’t walk without help.

So if a hobbit consumed a regular half pint per hour, he would maintain a wave of euphoria. But if they plan to use at a faster rate, they need to watch themselves (or have good buddies looking out for them). Which means Hobbits treat alcohol the same way humans do, but in smaller portions. And they probably have awesome livers that do the job for them.

Just some useful info for when the hobbits drop by to party …

Originally published in October 2016.

Emmet Asher-Perrin tried Hobbit beer in New Zealand. That was delicious. You can bug them on Twitter and Tumblr, and read more of their work here and elsewhere.

Hard Seltz shakes up the alcoholic beverage industry on the North Coast Mon, 22 Mar 2021 07:41:47 +0000 The North Coast has carved out a venerable reputation for itself in the craft alcoholic beverage sector, from its wine made from organically grown grapes in the Russian River Valley to rye harvested in Petaluma for use. in whiskey or from the expertise of regional brewers. But over the past year, the industry has been […]]]>

The North Coast has carved out a venerable reputation for itself in the craft alcoholic beverage sector, from its wine made from organically grown grapes in the Russian River Valley to rye harvested in Petaluma for use. in whiskey or from the expertise of regional brewers.

But over the past year, the industry has been rocked by a decidedly non-artisanal product: hard seltzer water. It is a low-alcohol drink filled with various fruit flavors produced in interchangeable factories across the country. A customer can purchase a multipack of cans or bottles for less than $ 20.

He was first ridiculed as Zima’s Second Coming – the clear, tasteless booze of the 1990s that then turned into a punchline for people like late-night talk show host David Letterman. No one is laughing now after $ 3.2 billion worth of hard soda was sold a year ago in retail stores, according to Nielsen. It was a small but rapidly growing slice of $ 145.2 billion of total alcoholic beverage retail spending last year.

During the pandemic, consumers bought even more seltzer water. From March to August, sales to the United States were $ 2 billion, more than double the total for the same period last year.

” We’re only just starting. I don’t think it’s a fad at all, ”said Jon Sebastiani, founder of investment firm Sonoma Brands, which owns a minority stake in Vintage Wine Estates and oversees the management of the Viansa winery.

Viansa plans to launch a wine / kombucha drink called Raye early next year which will be produced with grapes nominated by the vineyard and priced higher than typical seltzers.

“I think for any maker, especially wine or beer, they just have to consider entry into (seltzer hard) space,” Sebastiani said. “It’s already big and I think most people will believe it will be a lot bigger.”

Consumer enthusiasm for seltzer water spills over into the region’s craft beer and wine sectors. The producers are paying attention and trying to determine if there is an opportunity for them.

Barrel Brothers Brewing Co. of Windsor, known for its wide variety of craft beers ranging from porters to various Indian lagers, in April launched a drink called Seltzer In Place. It started with a black raspberry flavor and now has a tropical lime hard seltzer for sale on its website. A seedless watermelon flavor is coming soon. The drinks contain only 100 calories per can with an alcohol content of 5%.

A major draw for young drinkers is the low calorie content, said Bart Watson, chief economist at the Brewers Association, which represents independent brewers. Hard salt now accounts for up to 10% of the total value of beer sold on U.S. retail shelves, he said.

“People want different attributes than they wanted (before). So things like gluten-free or low-carb or no-carbs are more appealing to people, ”Watson said.

Also, many drinkers are intrigued by a new drink to keep their interest, said Wesley Deal, co-founder and brewmaster of Barrel Brothers.

“It’s a complement. You can have your beer and if there’s someone in your party who doesn’t like beer, try Seltzer, ”Deal said. “It will always be a good plus one.”

The big challenge, he said, is whether consumers will pay more for a homemade soda water product like Barrel Brothers’ hard seltzer water priced at $ 12 for a pack of four of 12. ounces.

The US hard soda market is dominated by two companies: White Claw, owned by Mark Anthony Brands, maker of Mike’s Hard Lemonade, and Truly, owned by Boston Beer Co., maker of Samuel Adams beers. The two brands had a combined market share in the United States of more than 75% in the latest available data, according to Nielsen.

Other regional and national beer and wine producers such as Corona, AB InBev and Gallo are joining the fray. In 2018, according to Nielsen, only 10 brands of hard seltzer were on the market. This has grown to 26 brands at the start of 2019 and to over 65 this summer.

Last month, the iconic Coca Cola said it would take its famous Topo Chico mineral water brand from Mexico and make it a hard version of seltzer. The move was of interest to industry analysts who noted Coca Cola’s disastrous entry into the wine market in the 1970s when it bought Taylor Wine, and withdrew a few years later.

“I wouldn’t bet a lot on the success of Coke,” said Jon Moramarco, wine industry analyst.

He said that while Coca Cola may have distribution capabilities, it likely does not have business partners who properly understand the alcoholic beverage industry.

Executives of alcoholic beverage companies are trying to understand the seltzer water market. Heavy seltzer drinkers remind Moramarco of the baby boomers of the late 1970s who clung to white zinfandel and wine coolers, and he believes they’ll eventually look to branch out into more premium drinks. .

Why Mastercard created the world’s first “live” trophy at the Rugby World Cup Mon, 22 Mar 2021 07:41:47 +0000 Octagon won the award for “Best Technological Innovation of the Year” at the Drum Marketing Awards Europe 2020 with its “Live Trophy” project for Mastercard at the Rugby World Cup 2019. Here, the team behind the winning entry takes us inside the challenge taken up and the strategies used to carry out the project … […]]]>

Octagon won the award for “Best Technological Innovation of the Year” at the Drum Marketing Awards Europe 2020 with its “Live Trophy” project for Mastercard at the Rugby World Cup 2019. Here, the team behind the winning entry takes us inside the challenge taken up and the strategies used to carry out the project …

The challenge

Mastercard has been a Global Partner of the Rugby World Cup since 2011. At the 2019 edition of the tournament, we took on the unique challenge of trying to raise awareness and engage the brand on a global scale, while also showcasing Mastercard as an innovative technological brand. All of this was to be achieved at a sports tournament taking place in Japan – a non-English speaking, non-traditional rugby market where the brand has a low market share.

The strategy

It was essential that we reach the fans during their most engaged and passionate moments of rugby; in-game, with a cohesive and compelling message to a diverse global audience.

We have decided to focus on leveraging the major tournament sponsorship asset, the Mastercard Player of the Match award. This award is given to the best performing player in each match (48 matches) of the RWC tournament; as decided by a panel of experts appointed by World Rugby. The question was: how could we use the POTM Mastercard prize to grab the attention of fans?

Every rugby match in the World Cup is completely unique – it has its own story of heroic comebacks, unforgettable moments, national pride. But every player of the match trophy is always the same. And Mastercard is all about unlocking “priceless”. So we created a trophy that is as unique as the game itself.


Mastercard created the world’s first live trophy featuring priceless moments from the game identified through social listening and laser-etched in seconds.

To celebrate the unique milestone of the first RWC in Japan, Mastercard paid homage to Japanese arts by crafting a trophy in the shape of an origami. The trophy was designed in collaboration with Professor Jun Mitani, University of Tsukuba. One of Professor Mitani’s main areas of research is computer origami – the use of computer design software to create complex origami designs. Mitani oversaw the design of a trophy that had a modern look and feel, while taking inspiration from the uniquely Japanese art form. Content featuring the professor and explaining the process was launched ahead of the tournament opener.

We’ve brought together rugby fans, Japanese design, pace-of-play narration, and innovative technology to capture every unique rugby match in the tournament.

Before each match, we used World Rugby’s Twitter channels to encourage fans to tweet and share live their priceless moments from the match – an epic try, what a thunderous tackle, a huge kick. It allowed us to hear what the fans loved.

At the start of the match, a team of rugby experts gathered at the Mastercard POTM headquarters to analyze the match as it unfolded and build the story of the match. Using an audio-to-text software service, the group monitored World Rugby’s official commentary, allowing commentators to collect wonderfully moving rugby words. Comments referring to the best moments in the game, moments that generated excitement, or a drastic change in the game have been shortlisted for use on the trophy.

At the same time, a bespoke Twitter API monitored Twitter for spikes in fan activity who identified specific match highlights; these were then cross-checked with the shortlist of corresponding comments.

The most popular comments from fans of the World Feed Official Commentary Team have been compiled into a list of 15 Highlights that best captured the story of the match. 15 highlights = one for each player on the team.

Once the 15 comments were approved and styled into a template, a design file was sent to the stadium operations office where a team of specialists were ready and waiting to burn the trophy. The stadium operations team used a custom platform to hold a match-specific trophy and perform the rapid laser engraving process, creating a one-of-a-kind trophy with official match commentary.

This on-site stadium process was time sensitive and had to be completed within 80 minutes of each rugby match, with the finished trophy handed in for a presentation released moments after the full-time whistle.

The process was carried out for the 45 matches of the tournament in the 12 stadiums of the 3 main islands of Japan. On the busiest weekend, 7 games were played in 3 days.

After the match, a range of POTM trophy content was created for amplification through Mastercard and World Rugby’s social channels; including a 360 animated video of each completed trophy allowing fans to read the highlights of the match. Mastercard Rugby influencers visited the POTM control room and stadium operations room to live stream the creation of the trophy.

The results

Mastercard’s smart use of its sponsorship assets allowed us to achieve an 80% global voice share among RWC2019 sponsors.

The campaign reached a cumulative reach of 3.06 billion on social media and broadcast.

The Live Trophy innovation story has generated 348 articles with global coverage and an estimated reach of 47 million.

We created unique trophies in 45 matches in 6 weeks, played in 12 stadiums over 2,337 km. We simultaneously translated the live story of the match at the speed of the game ready for a broadcast audience.

We won over $ 3.7 million in media through innovative execution and real-time storytelling, keeping Mastercard in the lead throughout the tournament.

We presented the trophy live in all 45 matches with over a billion spectators worldwide.

This project was a winner of the Drum Marketing Awards 2020. To learn more about the Drum Awards, including the awards currently open for nominations, please click here.

Financial inclusion is a leading selling point for FinTech funders, but target groups are not as interested Mon, 22 Mar 2021 07:41:47 +0000 A new special report from Morning Consult delves deeper into public opinion on financial technology, an issue that has the potential to transform both the banking industry and the way Washington regulates the financial industry. The data is taken from a survey of 4,400 adults. Other stories in the series: To assess the future of […]]]>

A new special report from Morning Consult delves deeper into public opinion on financial technology, an issue that has the potential to transform both the banking industry and the way Washington regulates the financial industry. The data is taken from a survey of 4,400 adults. Other stories in the series: To assess the future of lending, we asked people if they would get a Fintech loan | The United States lags behind China, others in payments technology. One reason: baby boomers clearly prefer cash and cards

In technology, the adage is “go fast and break things”. Rather, in finance, it is about “moving slowly and carefully putting things back to where you found them.”

For some in Washington, the promise of technology to change the status quo in finance is promising. Regulators in the Trump era often argument this technology could be a way to democratize finance, allowing more low-income people and people of color to access affordable credit.

This way of thinking, however, could change dramatically over the course of the Biden administration, especially as the new generation of regulators decide the veracity of the financial inclusion argument.

“There are people in the Biden administration who think fintech offers an opportunity to advance civil rights and racial equity, and there are more skeptical people who say that is not necessarily the case. “said Jesse Van Tol, executive director of the National Coalition for Community Reinvestment. “It’s going to be a very interesting period in regulating all of this. “

Amid this debate, new data from Morning Consult suggests that fintech products tend to be used by demographics already well served by the financial industry, echoing previous findings. Meanwhile, low-income, rural and black consumers are among the groups least interested in using fintech products, according to the Morning Consult survey of 4,400 American adults. The survey was conducted from February 12 to 15 and has a margin of error of 1 percentage point.

While most respondents said COVID-19 made no difference to the likelihood of them using fintech, a trend emerged with the remaining stocks.

Adults who earn $ 100,000 or more per year were 17 points more likely to say the pandemic made them more willing to use fintech than not. This figure declines among other income groups, those earning between $ 50,000 and $ 100,000 per year 9 points more likely to consider fintech and respondents earning less than $ 50,000 per year 2 points more likely.

Those living in urban areas favor the use of fintech due to the 12 point pandemic, compared to 6 points in suburban areas and 1 point in rural areas. And young people, unsurprisingly, were also more enthusiastic about fintech.

The data suggests that fintech is not a panacea for the problems of the traditional financial system, said Chris Odinet, professor of consumer credit law at the University of Iowa who has written on fintech policy. People with low incomes are more likely to prefer in-person banking service, and problems with Internet access in rural communities may be part of the reason for the drop in numbers among these groups, he said.

These data and a a growing body of evidence which suggests that fintech loans might not be good for the credit of some borrowers, could point to a stricter regime for fintech companies in the future, especially as the regulatory appointments of President Joe Biden loom.

After a significant push from the Progressive Democrats, Mehrsa Baradaran, a law professor at the University of California at Irvine and an expert on the racial wealth gap who has written several books on the subject, is now the favorite to be named Biden’s candidate. at the head of the Office of the Controller. of the Currency, a leader in shaping fintech policy, according to two sources familiar with the matter. (Politics morning money was the first to report Baradaran’s favorite status.)

“So far, fintech has only served the population that is already banked and the use of blockchain is limited to technically savvy people,” Baradaran said in testimony before the Senate Banking Committee in 2019. “There is no reason to doubt the good intentions of these tech companies, but I think there is a fundamental mismatch between the issues and barriers facing the unbanked. and the technological solutions proposed.

However, it is still unclear how much emphasis the Biden-era regulators will place on fintech regulation. Consumers, at least, have yet to put fintech in the regulatory sights, especially compared to other financial sectors.

Twenty-nine percent of those polled in the Morning Consult poll said FinTech companies are not sufficiently regulated.

On a list of industries that the public believe deserve more regulation, fintechs fall far short of hedge funds (38%), Wall Street (37%), and tech companies (34%). Almost 2 in 5 respondents, however, said the government should protect consumers of FinTech companies by increasing regulation, up from 16% who said the government should encourage fintechs to innovate by reducing regulation.

Mary Jackson, CEO of the Online Lenders Alliance, which argues that fintech lenders can help unbanked and underbanked people create credit, said demand for fintech loans had actually declined among at-risk customers for the pandemic.

Jackson attributed this in large part to economic stimulus payments and additional unemployment benefits: factors that may play into the results of the FinTech Use Survey.

The demand for auto loans – important to many rural residents, low-income people, and the elderly – has also declined, as commute to work has declined and loans to deal with breakdowns and other car-related servicing has declined. were not as necessary.

Jackson said the Biden administration has changed the way it talks with lawmakers and regulators about fintech lending policy, and it predicts a change in tone within the Consumer Financial Protection Bureau and other regulators towards fintech lenders.

“This is not our first rodeo,” said Jackson. “If politics are more involved, God knows what’s going to happen. ”

FIs and FinTechs generate urgency around PA automation Mon, 22 Mar 2021 07:41:47 +0000 Accounts Payable (AP) and Accounts Receivable (AR) are two sides of the cash flow management coin, you might say. By striving to marry the workflows between the two and striving to bring together the respective strengths of Financial Institutions (FIs) and FinTechs, sometimes one plus one equals three. And in an interview with Karen Webster, […]]]>

Accounts Payable (AP) and Accounts Receivable (AR) are two sides of the cash flow management coin, you might say.

By striving to marry the workflows between the two and striving to bring together the respective strengths of Financial Institutions (FIs) and FinTechs, sometimes one plus one equals three.

And in an interview with Karen Webster, observers of the payment networks, as well as the traditional FinTech and FI fields, said that the best partnerships harness the strengths of all parties involved for the ultimate benefit of their corporate customers who need to modernize completely. emergency processes that have been in place for decades.

The panel included David Disque, president of Corporate Spending Innovations (CSI); James Anderson, Executive Vice President of Business and B2B Solutions at Mastercard; Dave Mussio, Director of the Huntington National Bank Product Group; and Bank of the West Head of Commercial Card and Managing Director Dominique Fracchia.

At a high level, panelists said PA automation is getting attention precisely because it is the glaring weak link in a process chain under pressure from the pandemic.

The creation opportunity is significant, as estimates put the AP Automation market at $ 1.6 billion as measured in 2019, and it is expected to grow to around $ 3.1 billion by 2024. A An approximate doubling in size is not to be sneezed at, but there are indications that the timeline may be shrinking.

Certainly, there is a recognition of a need to move towards automation, which has existed for some time. Surveys show that over 54% of large businesses and 65% of smaller companies consider manual payments to be time-consuming and error-prone. The friction points are only more filled with friction, the back office functions are more and more distributed as many employees work from home.

Bank of the West’s Fracchia noted that many of his firm’s corporate clients are looking for technology to serve greater efficiency, especially in cross-border transactions – and are looking for help to make it happen.

Collaboration and cross-pollination

The emerging collaboration between FIs and FinTechs – which is leading to real innovation in corporate payments – is underpinned, according to Huntington’s Mussio, by the inherent strengths each brings to the table.

As to what those strengths are: Banks, he said, have a strong existing customer base. Many of these FI-business relationships spanned decades, built on long and deep roots in loans, products and services that had once helped treasurers automate their processes.

FinTechs, of course, bring technological expertise and can prove to be a bit more agile in the deployment of this technology (especially when applied to a specific use case and customer requirement) than large operators. of financial services.

Added CSI drive: Banks have basic lending, working capital, and payment rail accessibility skills, and compliance and regulatory expertise has been useful for FinTechs.

These FinTechs, he said, “are great for connectivity, building technology, agility, and creating really sexy user experiences to drive adoption and optimization, then adding vertical expertise. . Then you partner with payment networks like Mastercard, and there are a lot of innovations happening that generate a lot of value for the customer.

Anderson of Mastercard said the collaboration between FinTechs and banks is visible in the B2B arena, as all stakeholders realize that no one party can meet the needs of all customers only with internally developed offerings. .

So, cross-pollination is changing, the panelists noted, as FinTechs bring business (and even new corporate clients) to banking partners – and vice versa.

The march towards automation

With collaborative mindsets in place and pressures on bottom lines and business results, the stage is set to accelerate the automation of payment processes and digitize payments.

As Disc noted, the pandemic has shown the B2B industry that when we are no longer able to change the current situation, we are forced to make changes.

“The past year has refocused many companies on evaluating the legacy processes they’ve put in place and building digitized processes,” he said.

In the United States alone, we still process millions of paper checks, and that needs to change. Mussio said there has been more demand for automated payments, a feature that was at the top of the list for many treasurers and CFOs.

But as Anderson noted, in order to automate AP processes, bank-FinTech collaborations need someone in the middle; the network is the ingredient that makes “one plus one” equal to three.

“We have obviously built a network around the cards, but we are also building a network around the AP and AR” through efforts such as Mastercard Track, he told the group, directly enabling commerce. collaborative between large-scale accounts on common tracks.

We live in a world, after all, where B2B payments can be complex, and depending on vendors and verticals, they can range from small dollar, high volume transactions (like pens) to millions of dollars paid for. steel measured in tonnes.

Connectivity and transparency also allow choice of payments, which can cement the relationship between buyers and recipients, with flexibility on terms. CSI Disc said companies like his are used to integrate debt, connect enterprise resource planning (ERP) systems to banks, and deploy automation tools that optimize, automatically make decisions. and route payments.

“When you can put in place a platform that ensures that the rules will be followed, then you have a lot of confidence in that system,” Disk told Webster.

Rules and logic, along with built-in flows, mean businesses don’t have to deal with checks with one process, ACH payments with a second process (and reconciliation effort), and virtual cards with one more process. a third set of functions. Different industries have different ERPs, Disk said, and have extensive vendor databases with a range of accounts and profit and loss (P&L) statements.

Partnerships between FIs and FinTechs can provide a technological interface to load payments, load invoices, and make payments, and then ensure that suppliers receive payments the way they choose. Decentralized processes, in other words, converge towards centralization and efficiency.

Demographic change

The pivot to automation will also benefit from demographics, the panelists said, as we move away from the $ 20 trillion in checks that circulate between companies each year. The younger generations are more tech savvy and as they become a larger part of the workforce they will supplant checks.

It may take a while as baby boomers extend their careers.

But as Anderson noted, consumer behavior (where so much is done online and even without contact) ends up influencing business behavior – and the shift to digital payments (and automation) is a trend. inexorable. This is all the more true since we just can’t get to the office (literally) to have those checks processed and taken out or to the bank.

Technology deployments are also getting easier, Anderson said, as the cloud is a “huge game changer” that will make businesses (especially smaller ones) realize how much data collection and printing checks are filled with friction.

As noted in the discussion: Efficiency is one thing, but efficiency in the service of better working capital management is what really catches the attention of leaders and supplier teams.

“Why not take advantage of the cloud to connect to the bank, to send the information and the money to the other party? Anderson asked.

Looking ahead, we can look at the COVID-19 era as the era of B2B collaboration, with the greatest benefits accruing to corporate clients.

“They know there are solutions provided by FinTech, but they want to do business with their trusted partners – and those are the banks,” Fracchia said. “So the ideal marriage, in a way, is to have their trusted partners, the banks, in partnership with FinTechs. “



On:More than half of American consumers think biometric authentication methods are faster, more convenient, and more reliable than passwords or PINs, so why are less than 10% using them? PYMNTS, working with Mitek, surveyed more than 2,200 consumers to better define this perception gap from usage and identify ways in which businesses can increase usage.

Trending Metro Denver Real Estate Market Continues to Break Records Mon, 22 Mar 2021 07:41:47 +0000 DENVER – Supply still can’t keep up with demand in the Denver metro housing market. New figures from the Denver Metro Association of Realtors (DMAR) show the average home sold in just five days in January. Denver was right behind Tacoma, Wash., According to Redfin. We take a closer look at the boom and whether […]]]>

DENVER – Supply still can’t keep up with demand in the Denver metro housing market.

New figures from the Denver Metro Association of Realtors (DMAR) show the average home sold in just five days in January. Denver was right behind Tacoma, Wash., According to Redfin.

We take a closer look at the boom and whether it will collapse.

“One of the things that makes this one valuable and quite fun is that they have all of the original woodwork,” said Lori Abbey, associate broker of her signature group – The Abbey Collection at Compass Real Estate, as she showed our team one of her new listings in Denver.

The woodwork is definitely part of the charm of the bungalow at the Parc des Congrès de l’Abbaye, which has just been classified.

“I mean, there’s hardly a scratch,” Abbey said, pointing to a built-in bar and buffet.

This is one of the things Abbey knew her clients, Scott and Sarah Osborne, would love about it.

“I can’t think of a better place to raise two boys,” said Scott Osborne, the owner.

The couple bought the bungalow in 2016.

“It was a shocking market to come in, coming from Oklahoma,” Sarah said.

Their family of four quickly passed him.

“We bought this house four years ago,” Scott said. “Our kids were six and three at the time and two little boys are growing up quickly. And unfortunately, we are only growing out of that space.

On the lucky side of things, their investment of $ 700,000 in 2016 has gone rather well.

“We’re listing at $ 849,900,” Sarah said.

The numbers are staggering in the Denver subway. According to DMAR, the average price of a home is now $ 629,000.

That’s a jump of $ 100,000 in one year, compared to $ 530,000 on average in January 2020.

“It’s almost like the market is drunk,” said Chad Nash, senior real estate advisor at Compass.

“The forecast I’m reading is for a price increase of between 6% and 10%,” said Tony Hernandez, affiliate professor at Metropolitan State University in Denver.

The Osborne have witnessed this firsthand.

“This is the best investment I have made in the past 4 years,” Scott said.

But these sellers are also buyers.

“We’re going to take the equity in that house and put it on the next house,” Scott said.

They keep a close eye on the market.

“If something you love comes out on the market, you have to be ready to act right away,” Abbey said.

“You go to a house and think it’s doable and you get a bid,” Sarah said.

Bidding wars are amazing.

“I listed a house this weekend for $ 544,000,” Nash said of a house he listed in Northglenn. “It cost almost $ 590,000. “

Nash says it’s an age-old problem – supply and demand.

“It drives up house prices astronomically,” Nash said.

Inventory in the Denver subway is the lowest it has ever been, according to DMAR.

Metro Denver had a record-breaking inventory in May 2008 after the housing collapse, with 26,000 homes for sale.

Fast forward to January 2021, and the Denver metro is enjoying a record-breaking inventory, with just 1,200 homes on the market.

In January, the houses were only on the market for five days. This is down from an average of 24 days in January 2020.

Part of this is due to masses of people moving out, according to Abbey and Nash.

“They’re from California, Washington, DC, New York, Dallas, Texas,” Abbey said. “If people keep coming, we don’t have enough houses to accommodate them all. “

Abbey and Nash say the work-from-home phenomenon is attracting even more people to Colorado.

You’re looking to say, ‘If I don’t need to be in the office every day, why can’t I go and find that same house in Colorado? ‘In Denver?’ Nash said.

“It’s a great market if you’re from California or New York,” Hernandez said.

Hernandez says, unfortunately, that the market is pushing out a lot.

“People earning less than $ 54,000 a year probably can’t buy a home,” Hernandez said.

So what’s the next step?

Almost all of our experts agree that there is no imminent bubble like 2008.

“I don’t see a bust this year,” Nash said.

“The free market says to sell what you can as much as you can, and that’s what people do,” Hernandez said.

“I don’t think it’s a bubble like the last bubble we had,” Abbey said. “It was a bubble based on mortgage fraud and a variety of other things. It was a poorly regulated market.

“It will be just tough for buyers,” Nash said.

Nash has a caveat, however.

He sees a growing number of somewhat sketchy lending practices, such as advertisements promoting the idea that you only need $ 1,000 down payment.

“I think these programs get buyers into this idea, ‘Hey, we’ll do it for $ 1,000 down, but we’re going to take 20% of your equity when you go to sell,’” Nash said. “Don’t take this route. If you don’t need it, go to traditional CHFA, go to traditional DPA metro. Don’t settle for that shiny carrot.

Nash and others suggest that the carrot you should be enjoying right now is very low interest rates.

Right now, interest rates hover around 2.8% on a 30-year mortgage and just 2.35% on a 15-year fixed mortgage.

And finally, if you are selling, the experts say don’t go greedy.

“Because people are savvy,” Abbey said. “They have Zillow. They have the Internet. They have all kinds of things.

“What I tell my salespeople is to be reasonable,” Nash said. “Even though it’s a sellers’ market, it’s a fair market. If you try to be greedy, the market is going to punish you.

Back at the Osborne house, the madness continues. They registered in early February at $ 849,900.

“It sold over the weekend for $ 930,000,” Abbey said. “We got $ 80,000 more than ask for. “

Further proof, the market is hotter than it has ever been.

Editor’s Note: Denver7 360 Stories explore several aspects of the topics that matter most to Coloradans, bringing different perspectives so you can make up your own mind about the issues. To comment on this or other 360 story, email us at See more 360 ​​stories here.

Trump donors among early recipients of coronavirus loans Mon, 22 Mar 2021 07:41:46 +0000 WASHINGTON (AP) – Up to $ 273 million in federal coronavirus aid has been awarded to more than 100 companies owned or operated by major donors to President Donald Trump’s election efforts, according to Associated Press analysis federal data. Many were among the first to be approved for a loan in early April, when the […]]]>

WASHINGTON (AP) – Up to $ 273 million in federal coronavirus aid has been awarded to more than 100 companies owned or operated by major donors to President Donald Trump’s election efforts, according to Associated Press analysis federal data.

Many were among the first to be approved for a loan in early April, when the administration struggled to get the loan program started. And only eight companies had to wait until early May to get the help, according to the AP data review released on Monday.

Businesses linked to Trump have gotten the help through the Paycheck Protection Program, which extends a lifeline for small businesses struggling to weather the pandemic. Fast food chains like Muy Brands, oil and gas companies and white-collar businesses have all secured more than $ 659 billion in low-interest commercial loans that will be forgiven if the money is used. for payroll, rent and other similar expenses.

In total, Trump supporters who run these companies have paid at least $ 11.1 million since May 2015 to Trump’s campaign committees, the Republican National Committee and America First Action, a super PAC that has been endorsed by Trump. , according to the AP review. Each donor gave at least $ 20,000.

There is no evidence that companies have received favorable treatment because of their ties to Trump, and companies represent only a fraction of the overall spending under the program.

But the distribution of financial aid has come under intense scrutiny after the Trump administration initially refused to reveal which companies received loans, only to relent under growing bipartisan pressure from Congress. On Monday, the Treasury Department released the names of companies that received loans greater than $ 150,000, although they did not release specific dollar figures and instead gave ranges for the dollar value of. ugly.

Among the beneficiaries named on Monday was the conservative NewsMax website, which was approved for a loan of up to $ 5 million on April 13, the data showed. NewsMax CEO Christopher Ruddy has donated $ 525,000 to political committees supporting Trump, according to records. He did not respond to a request for comment.

Muy Brands, a San Antonio, Texas-based company that operates Taco Bell, Pizza Hut and Wendy’s franchises, has been approved for a loan worth between $ 5 million and $ 10 million. Its owner, James Bodenstedt, has donated $ 672,570 to Trump since 2016, according to records. The company did not respond to a request for comment.

M Crowd Restaurant Group, based in Irving, Texas, which owns 27 Texas restaurants, including the Mi Cocina chain, has been approved for between $ 5 million and $ 10 million. Ray Washburne, one of the founders of the company, was vice chairman of the Trump Victory Committee in 2016 and donated $ 100,000 to PAC last August. The company did not respond to a request for comment.

“The PPP has been a huge success and saved 51 million American jobs, including at the former law firm of Joe Biden and many companies associated with Obama administration alumni,” the door said. word of the Trump campaign, Samantha Zager. “When the rent or the mortgage was due, tens of millions of Americans continued to receive paychecks because of President Trump’s leadership.”

Government watch groups say they have little faith in the administration overseeing the program, noting that Trump has ousted many inspectors general and has largely resisted efforts to increase transparency.

“When you don’t have the proper safeguards, such as timely disclosure and effective inspectors general, then all of these things seem more suspicious and raise more questions,” said Larry Noble, former general counsel for the Election Commission. federal. “When you see these people getting help quickly and having contributed to the campaign, it’s going to raise questions.”

Companies generally must have fewer than 500 workers to be eligible for the Paycheck Protection Program. About $ 130 billion has not been claimed by the end of the June 30 application deadline.

With the money still available, Congress voted to extend the program just as it expired, setting a new date for August 8.

The public may never know the identity of more than 80% of the nearly 5 million beneficiaries to date, as the administration has refused to disclose details of loans under $ 150,000 – the vast majority of borrowers .

This secrecy sparked legal action by a group of news agencies, including the PA.

Yet the release of the data is the most comprehensive look at program beneficiaries to date.

And Trump’s donors aren’t the only people with ties to the president to have benefited.

The Joseph Kushner Hebrew Academy in New Jersey, named after the son-in-law and grandfather of Trump adviser Jared Kushner, was approved for a loan in the range of $ 1 million to $ 2 million on April 5. Jared Kushner’s Parents’ Family Foundation supports the school, NBC News reported.

Kasowitz Benson Torres, the law firm founded by longtime Trump personal lawyer Marc Kasowitz, has been approved for a loan worth between $ 5 million and $ 10 million.

Transportation secretary Elaine Chao’s family business, Foremost Maritime Co., has been approved for a loan worth between $ 350,000 and $ 1 million. She is married to Senate Majority Leader Mitch McConnell, R-Ky.

According to Patrick’s senior advisor Sherry Sylvester, the broadcasting company Patrick Broadcasting, which is owned by Texas Lieutenant Governor Dan Patrick, a hot conservative and former radio host, received a loan of $ 179,000. Patrick is the Texas president of Trump’s presidential campaign.

The money was used to cover the payroll and expenses of 13 employees.

“The loan did not cover his salary, but he was able to save the jobs of all of his employees, many of whom have been with him for decades,” Sylvester said.


Kastanis reported from Los Angeles. Associated Press writer Dee-Ann Durbin in Ann Arbor, Michigan, contributed to this report.

Copyright 2020 Associated Press. All rights reserved.