On March 23, the Federal Reserve announced three new programs and the expansion of two recently-announced

On March 23, the Federal Reserve announced three new programs and the expansion of two recently-announced programs to provide up to $300 billion in new financing to employers, consumers, and businesses. The Department of the Treasury, using the Exchange Stabilization Fund, will provide $30 billion in equity to the following facilities: The Federal Reserve also announced that it expects to establish a Main Street Business Lending Program to support lending to eligible small- and medium-sized businesses. We will include details of this new program when they become available. On March 19, the Federal Reserve created the Money Market Mutual Fund Liquidity Facility (MMLF), similar to a facility created during the 2008 financial crisis, to make loans to financial institutions to purchase assets that money market funds (MMF) are selling to meet redemptions. Under the program, the Federal Reserve Bank of Boston (FRBB) will provide a non-recourse advance to an eligible borrower to purchase certain types of assets from an eligible MMF. The MMF must be a fund that identifies itself as a Prime, Single State or Other Tax Exempt money market fund under item A.10 of Securities and Exchange Com...

The Thunder’s Rebuild Has Hit the NBA’s Sweet Spot

Oklahoma City is having its cake and eating it, too, experiencing stunning success in the present while its front office is focused on the future My friend Paul Flannery of SB Nation told me something last year that stuck with me: “The best time you can have in [the NBA] is right before you get good.” There’s a vibe, an electricity, and a warmth that seems to pulse through a team that’s figuring out what it can be while it’s still free from the weight of expectations and the need to have all the answers right this second. Tune in to an Oklahoma City game these days, and chances are you’ll find yourself feeling that kinetic energy. A mix-and-match Thunder roster stitched together in the aftermath of two foundation-rattling trades—a bunch of dudes with two or fewer years of NBA experience, a couple of journeyman vets, a giving tree, a pair of potent and underrated scorers, and a point god—has blown past underwhelming preseason projections and cemented itself as a bona fide playoff team rather than a resident of the shaky lower half of the Western Conference. While Russell Westbrook and Paul George continue to enmesh themselves in the fabric of their would-be title contenders—a pro...

Gary Sanchez’s improvement behind the plate paying off for Yankees catcher

Adam Ottavino knew the reputation. Zack Britton had not heard good things. The mistakes of a young catcher have been dogging Gary Sanchez his whole career. So the two relievers came to the Yankees a little wary of working with the 26-year old. “For me, you never know what to expect coming in with a new catcher. I know there’s been a narrative about his catching. I thought he’s been pretty awesome the whole year,” Ottavino said. “It only took him like three games in spring training to figure out kind of my MO and just kind of go from there. He’s real easy to talk to. He works really hard. He pays attention. I’m guessing he’s come a long way, but I think he’s doing a pretty good job.” Sanchez is known for his ability to unleash power at the plate. But with the Yankees planning to be so aggressive with their bullpen, they are putting a lot of their postseason hopes on Sanchez’s plate to not only deliver offensively, but to guide power-pitchers with different tendencies every night. He had a bounce-back season after a nightmare 2018 at the plate and behind it. Last year, the catcher could not have had a worse season. Battling a nagging groin injury, the catcher hit just .186 with a ...

North Wales signs on to LED streetlight program | News

Streetlights are seen on the 100 block of W. Montgomery Ave. in North Wales, with an incandescent cobra head fixture producing orange light in the foreground, an LED fixture producing white light second, and another incandescent third. Streetlights are seen on the 100 block of W. Montgomery Ave. in North Wales, with an incandescent cobra head fixture producing orange light in the foreground, an LED fixture producing white light second, and another incandescent third. NORTH WALES — Streetlights around North Wales Borough could get considerably brighter soon, now that the town has signed on to the second round of a regional program to upgrade those lights to new, energy-efficient LED models. “We have 180 existing cobra head fixtures, of which we’re going to upgrade 167 of those. Fifteen of those are existing LED lights, so we’re not going to upgrade those, but we also added two new fixtures to areas we thought were under-lit,” said consultant Mike Fuller of Keystone Lighting Solutions. Since January, the borough and staff have discussed whether North Wales should sign on to the second round of a regional program coordinated by the Delaware Valley Regional P...