SummerStage NYC Announces Initial 2018 Lineup

first_imgToday, New York City’s City Parks Foundation has announced the initial performers for the 2018 season of SummerStage—an outdoor performing arts festival that brings over 100 live shows to Central Park and more than a dozen other neighborhood parks across the five boroughs. This year, SummerStage has curated a lineup featuring over 200 artists, spanning genres as diverse as rock, indie, hip-hop, Latin, jazz, R&B, salsa, opera, contemporary dance, spoken word, and more.While the five-month festival has announced its performers with confirmed dates, in a press release, SummerStage festival noted that it will host a number of ticketed benefit shows in Central Park in support of the City Parks Foundation’s free programs. Thus far, former Oasis frontman Liam Gallagher, Mac DeMarco, Trombone Shorty, Dispatch, Jason Mraz and Brett Dennen, O.A.R., have been confirmed with many other artists to be announced in coming weeks.The free SummerStage in Central Park series will kick off on Saturday, June 2nd, with jazz legend Gregory Porter and rising star Victory Boyd. The park will also host performances by 2017 MacArthur Genius, Carolina Chocolate Drops co-founder Rhiannon Giddens, iconic hip-hop group Jungle Brothers, famed dancehall artist Sister Nancy, Canadian indie-rock collective Broken Social Scene, electronic standout ToKiMONSTA and MC Kero One, and many others.However, outside of Central Park, City Parks Foundation will continue to spread the joys of music, with a veritable eclectic and exciting lineup at parks around the city. Brooklyn rappers Talib Kweli, Big Daddy Kane, and Young M.A. will perform a hometown shows in Brownsville’s Betsy Head Park on June 30th and the Ford Amphitheater at Coney Island on June 20th and July 29th, respectively. These performances come in addition to a number of concerts falling across a full range of genres.Additionally, the City Parks Foundation has paired the SummerStage announcement with the confirmation of the Charlie Parker Jazz Festival, which is entering its 26th year. As a tribute to the late and legendary saxophonist, the Charlie Parker Jazz Festival will offer three days of live jazz in the Manhattan parks nearby Parker’s home—including Harlem’s Marcus Garvey Park as well as Tompkins Square Park. Across August 24th through 26th, the festival will host Monty Alexander, Buster Williams, Jack DeJohnette, Catherine Russell, and many more.Head over to the SummerStage website for more information and a look at the extensive and full upcoming event calendar.last_img read more

Fitch rates Vermont Housing Finance Agency’s $30 million 2010A & 2009A-1 Bonds ‘AAA’

first_imgFitch Ratings has assigned ‘AAA’ ratings to the $30,000,000 Vermont Housing Finance Agency (VHFA) mortgage revenue bonds (Mortgage Backed Securities Program) as follows:–$12,000,000 series 2010A;–$18,000,000 subseries 2009A-1.The Rating Outlook for the bonds is Stable.RATING RATIONALE:–The $18 million 2009A-1 subseries is the first release from the $102 million 2009 A escrow bonds from the December 1, 2009 indenture. The bond proceeds were initially held in an escrow account and secured solely by amounts on deposit in the escrow account and investment earnings from the account;–The $12 million 2010A bonds will be the second offering issued under the December 1, 2009 indenture. The 2010A mortgage revenue bonds are being issued under a mortgage backed securities program that pledges revenues and federal agency certificates as security for the bonds.KEY RATING DRIVERS:Removal of funds from the program below minimum 100% asset parity.SECURITY:Proceeds will be used for the financing of single family mortgage loans in the State of Vermont through the purchase of GNMA Certificates, Fannie Mae Certificates, and Freddie Mac Certificates (collectively Federal Agency Certificates), as well as to make deposits in various funds and accounts. The Trust Indenture pledges revenues of the Indenture, Federal Agency Certificates deposited in the Indenture, and funds and accounts created in the Indenture to secure the bonds (other than the escrow fund where deposits are secured solely for the payment of bonds related to the proceeds in the escrow account).CREDIT SUMMARY:The ‘AAA’ rating reflects the legal document provisions for the single family mortgage program upon the purchase of Federal Agency Certificates. The Trust Indenture requires that, once funds are released from escrow, mortgage loans be pooled and financed through the purchase of guaranteed mortgage pass-through Federal Agency Certificates, which are fully guaranteed for timely payment regardless of the actual performance of underlying loans. GNMA mortgage-backed securities are guaranteed by the U.S. government; Fitch rates Fannie Mae and Freddie Mac mortgage-backed securities ‘AAA’ (see Oct. 9, 2009 press release). The rating also reflects the Trust Indenture requirement that the program’s minimum asset parity be maintained at 100% (net of cash flow stress test scenarios). In addition, the rating accounts for VHFA’s successful history of administering its single family programs. Fitch reviewed the bond documents, stressed cash flow runs, and other pertinent documentation.The 2009 Trust Indenture was created, in part, so that VHFA could take advantage of the New Issue Bond Program (NIBP) established by the United States Treasury with the assistance of Fannie Mae and Freddie Mac. Under the terms of the program, Treasury purchased up to 60% of the Program Bonds sold by state and local housing finance agencies with the remaining 40% to be sold to private investors as Market Bonds. The interest rate for bonds sold to Treasury will be based on the investment earnings of the escrow fund for the pre-conversion period, and for the remainder of the period, will be based on the 10-year Constant Maturity Treasury (CMT) plus a defined spread based on rating category of bond program.Because Treasury’s authority to complete these transactions under the Housing Economic Recovery Act of 2008 was due to expire on Dec. 31, 2009, all NIBP related transactions were to be completed prior to year end. However, the expiration date was extended for one more year and the program now allows issuers to close prior to the Dec. 31, 2011 deadline. The funds remain in escrow until they are converted to long-term bonds, in conjunction with the sale of Market Bonds, over the course of 2010 and 2011. The funds may be held in escrow up until Dec. 31, 2011 and can be drawn upon and converted to long-term bonds during 2010 and 2011.Additional information is available at ‘www.fitchratings.com(link is external)’Applicable criteria and related research:–‘State Housing Finance Agencies – Single Family Mortgage Program Rating Guidelines (Nov. 26, 2008);–‘Revenue-Supported Rating Criteria’ (Aug. 16, 2010).Applicable Criteria and Related Research:State Housing Finance Agencies – Single-Family Mortgage Program Rating Guidelineshttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=4(link is external)…Revenue-Supported Rating Criteriahttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=5(link is external)…ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘WWW.FITCHRATINGS.COM’. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE. Source: NEW YORK–(BUSINESS WIRE)–Fitch Ratings. 10.1.2010last_img read more

Final Report Of Fatal Greensburg Plane Crash Released

first_imgDon and Barb Horan (Image: On Eagle’s Wings 5K)The National Transportation Safety Board released its final report in the fatal airplane accident that claimed the lives of four Greensburg residents.Don Horan, 46, was the pilot of the single engine Piper PA 46-350 plane that crashed while he attempted to land at the Greensburg Municipal Airport in December 2012.Horan was with his wife Barb, as well as another couple Steve and Denise Butz, on a return flight from Destin, Florida.The report stated that the pilot appeared to try and abort the landing, however, lost control to spatial disorientation. FAA officials caution, “pilots are particularly vulnerable to spatial disorientation during periods of low visibility due conflicts between what they see and what their supporting senses, such as inner ear and muscle sense, communicate.”Steve and Denise Butz (Image: On Eagle’s Wings 5K)Witnesses said the weather was foggy on the evening of the accident. The last few seconds of recorded data indicated that the airplane entered into a descending left turn, transportation officials said.The four residents were members of St. Mary’s Catholic Church in Greensburg. Church and community members banded together after the tragedy and even launched the first annual On Eagle’s Wings 5K in their memory in August 2013.last_img read more

Standhardinger drops 20-20, Beermen survive Batang Pier to close in on quarters spot

first_imgCarpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Standhardinger made a crucial basket to keep the Batang Pier at bay before hitting a pair of freebies with 13 ticks remaining to put the game away.Kevin Murphy topscored with 27 points while key locals Alex Cabagnot, Marcio Lassiter and Chris Ross also made significant contributions for the Beermen, who improved to 5-4 and climbed to sixth place in the standings.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissLassiter collected 16 points, six rebounds and five assists, Cabagnot came off the bench and scored 17 while Ross added 14 points.Sean Anthony and Stanley Pringle combined for 45 points to pace NorthPort, who is already out of contention with a 2-8 mark. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Provincial teams spice up 3×3 Golden League Manila Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew LATEST STORIES Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Tim Cone, Ginebra set their sights on elusive All-Filipino crown MOST READ PBA IMAGESSan Miguel Beer notched its third straight win after holding off NorthPort, 114-107, in the 2018 PBA Governors’ Cup Wednesday night at Cuneta Astrodome.Christian Standhardinger delivered big numbers anew, coming away with 21 points and 22 rebounds for the Beermen, who inched closer to securing a place in the quarterfinals.ADVERTISEMENTcenter_img Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Don’t miss out on the latest news and information. Nadine Lustre’s phone stolen in Brazil Gov’t to employ 6,000 displaced by Taal View comments Sports Related Videospowered by AdSparcRead Next Allen Durham still determined to help Meralco win 1st PBA title Will you be the first P16 Billion Powerball jackpot winner from the Philippines?last_img read more