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Kansas City Royals’ Brady Singer Pays Off Parents’ Debt for Christmas: ‘You Deserve the Best’

Kansas City Royals pitcher Brady Singer gave his parents an extra special Christmas gift to pay them back for the many years they supported his baseball dreams.

Singer, 22, on Wednesday shared footage of the sweet moment, showing his parents sitting at a dining room table as his mother read a letter from him. In it Singer wrote of his mom and dad’s dedication and all they sacrificed to help him achieve his goals.

“You both always wanted me to have the best stuff to help me pursue my dreams. The money you both spent on traveling, gear, hotel, food and all those Gatorades I drank is much more than I could ever give you,” he wrote. “But there is something I want to give to you. I am paying off the loan from the bank I’ve paid off all your debt as well.”

Singer’s clip shows his mom becoming emotional, pausing briefly before she continues reading the letter in tears.

“Now instead of trying to save money every weekend to replace the savings account you drained on traveling to see me pay baseball, you can spend it on yourselves,” he told them in his letter.

Today is very special to my heart. To give back to the two people who have given up everything to support my brother and I. I can’t thank them enough. Love you Mom and Dad pic.twitter.com/AFHi2Xma0c

— Brady Singer (@Bsinger51) December 25, 2018

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“Because you deserve the very best. I want you both to know how much I appreciate you and how none of this would be possible without you,” Singer wrote. “Your giving hearts helped to shape my tiny dream into a reality.”

Singer’s star has been on the rise: Earlier this year, he was awarded the Dick Howser Trophy as college baseball’s player of the year, according to the Associated Press. The Royals picked him 18th overall in the 2018 draft, the reported.

He received a $4.25 million signing bonus from the team, according to the Star, and officials were excited to have the talented pitcher join the team.

“He is gonna be what people in Kansas City are gonna love to come to the ballpark to see,” Royals scouting director Lonnie Goldberg said during a news conference at the time, according to the Star.


View this post on Instagram

Dream come true today! Pumped to be part of the @kcroyals family. Big thanks to Gator Nation for the past 3 years and everyone who has supported me along the way! Now the journey begins. Go Gators & Go Royals!

A post shared by Brady Singer (@bsinger51) on Jul 3, 2018 at 5:28pm PDT

//www.instagram.com/embed.js

With all his success, Singer has shared grateful posts praising his parents and close friends on social media.

Upon joining the team, he shared a sweet Instagram photo of himself smiling alongside his mom and dad.

“Dream come true today! Pumped to be part of the @kcroyals family,” he captioned the picture. “Big thanks to Gator Nation for the past 3 years and everyone who has supported me along the way! Now the journey begins. Go Gators & Go Royals!”

This content was originally published here.

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Paul Ryan’s record on federal debt, deficit, GOP tax law – Business Insider

In an interview on Thursday, Rep. Paul Ryan said one of the biggest disappointments from his term as House speaker was his inability to address the growing mountain of federal debt.

“On healthcare itself and debt and deficits, it’s the one that got away,” Ryan said at a Washington Post event.

As speaker, Ryan helped oversee a rise in spending that is already adding to the deficit. Under his tenure, the amount of outstanding federal debt grew by just over $2 trillion, and the federal deficit expanded from $438 billion in the 2015 fiscal year to $779 billion in the 2018 fiscal year.

And it’s projected to get even more pronounced from here. The Congressional Budget Office estimates that the deficit in the 2019 fiscal year — which began October 1 — will be $981 billion. For the 2020 fiscal year, the CBO projects that the deficit will eclipse $1 trillion for the first time since the depths of the financial crisis.

Andy Kiersz/Business Insider

While there are plenty of reasons for the growing deficit, recent legislation spearheaded by Ryan has only added to it.

Ryan has had a reputation as a policy wonk, and he entered the speakership with goals to address rising spending on entitlement programs. During his tenure as speaker, however, the House did not embark on any significant effort on that front.

The nonpartisan Committee for a Responsible Federal Budget estimates that 46% of the deficit in the 2019 fiscal year, or $445 billion, will be derived from legislation passed since Trump took office. A little more than half of that amount comes from the GOP tax law — which Ryan has cited as one of his major accomplishments — with most of the rest coming from the bipartisan budget agreement.

In 2018, Ryan’s last year in Congress, the US is expected to issue $1.3 trillion in new debt, up 146% from the 2017 amount and the most in one calendar year since 2010.

The Tax Cuts and Jobs Act is also projected to add to the deficit and debt for years to come. The CBO expects the tax law to add about $1.5 trillion to the federal deficit through 2028, even after factoring in any increase in economic growth caused by the bill.

Andy Kiersz/Business Insider

This content was originally published here.

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Business Debt Solutions That Can Help Prevent Liquidation | Business Gross

If you are a business owner struggling to keep your company going, especially during these tough economic times, the thought of having to liquidate is certainly a frightening one. Most small business owners see their organizations as a part of themselves because they have invested so much of themselves and so much time, effort, and money into the company. Therefore, they would hate to see their projects fail, and would definitely want to do whatever possible to keep from having to close the doors forever on the business they built from the ground up.

Even if your business is currently doing fine, you should look into your options in the event that your finances take a turn for the worse. In this way, you will be prepared and ready to tackle the challenges ahead to keep your business thriving. You will know what to do to avoid liquidation and you will also be able to make the best decisions for your business and for your employees, who depend upon you and their jobs to make ends meet.

What is Liquidation?

Liquidation of a business occurs when it can no longer make profits to cover expenses and payroll as well as future investments into itself. When a business can no longer thrive on its own, the best option for all of the people involved may be liquidation, a process during which the business is closed and all of its assets are sold in order to pay off remaining debts. Whatever money is left over is returned to the owners.

Debt Solutions to Prevent Liquidation

Business owners want to do their best to avoid having to liquidate in the first place. Many companies offer business debt solutions to struggling organizations who would otherwise not know what to do. Speaking to a specialist in the field of debt solutions will help you if you are business owner who is currently struggling to pay off debt.

One service that business debt solution specialists can offer you is a bank account specifically set up for depositing an agreed upon amount of money each month, depending upon what your business can handle. Once your account has accumulated enough funds, the debt specialists will call your creditors, vendors, and anyone else with whom you have outstanding debt and they will work out an agreement to get your debt paid off. Many times, they can negotiate terms that include not having to pay off the entire amount owed. While you are accumulating the funds into your account, your creditors will not be able to contact you.

Experts in business debt solutions also know how to negotiate terms and conditions with banks and others to whom your business owes money. They can even consolidate your debt, making it easier to pay off in time.

The great thing about hiring a company that handles business debt solutions is that you can put your own mind at ease about how you are going to pay off your debt without liquidating. These professionals will thoroughly assess your unique situation to get you the help you need.

About the author:

Lisa writes for www.realbusinessrescue.co.uk, a site that offers resources to small business owners seeking solutions to common problems, especially issues related to finances and debt. She enjoys offering advice to business owners who are struggling.

Lisa writes for www.realbusinessrescue.co.uk, a site that offers resources to small business owners seeking solutions to common problems, especially issues related to finances and debt. She enjoys offering advice to business owners who are struggling.

This content was originally published here.

General Electric Arm to Divest Project Finance Debt Business

The divestment deal is currently subject to customary conditions and will likely close by third-quarter 2018.

In a bid to become a high-tech industrial company, General Electric is currently restructuring its entire business portfolio. In sync with this, the company intends to shrink exposure of its GE Capital business over time. The aforementioned spin-off will reduce the size of GE Capital’s existing asset base and thereby, make it more focused and smaller, going forward.

General Electric is poised to grow on the back of its strategic restructuring moves, strong international presence and robust end-market sales.

However, over the past month, shares of this Zacks Rank #3 (Hold) company has lost 7.9%, as against 2.2% growth registered by the industry.

Two better-ranked stocks in the same space are listed below:

Carlisle Companies Incorporated CSL carries a Zacks Rank #2 (Buy). The company generated an average positive earnings surprise of 12.85% over the trailing four quarters.

Last year, it generated $8 billion in global revenues. By 2020, it’s predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce “”the world’s first trillionaires,”” but that should still leave plenty of money for regular investors who make the right trades early.

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Starwood Property Moves Into Energy Finance With $2.6B Debt Deal

Starwood Property Moves Into Energy Finance With $2.6B Debt Deal

Its acquisition of GE Capital’s Energy Financial Services’ Project Finance Debt Business is part of the REIT’s push to be a “multi-cylinder finance company.”

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August 09, 2018

NEW YORK CITY–Gramercy Property Trust shareholders have approved its $7.6 billion acquisition by Blackstone Real Estate Partners VIII at its special meeting of shareholders held earlier today.

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PepsiCo CEO Indra Nooyi’s departure is one in a string of high-profile women who have recently left the ranks of S&P 500 C-Suite.

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Tsakalotos: Greece has means to make debt relief deal work

Greek Finance Minister Euclid Tsakalotos speaks during an interview with Reuters at his office in the Finance ministry in Athens, Greece, July 4, 2018. [Alkis Konstantinidis/Reuters]

Greece has the capacity to finance itself unaided under a debt relief deal linked to its exit from an international bailout, but the agreement’s long-term fiscal targets may need reviewing, the country’s finance minister said.

As he prepares for meetings with investors in New York and Boston in coming days and in Asia in September, Euclid Tsakalotos said Greece had honored its promises to creditors.

The deal that euro zone finance ministers agreed in June to smooth next month’s exit from its third bailout offered clarity and reassurance to investors in Greece. That applied “whether we are talking about a 10-year government bond or whether we talk about foreign direct investment,” he told Reuters.

Tsakalotos took over in 2015 pledging to implement Greece’s third rescue package since 2010.

His euro zone counterparts agreed last month to extend maturities and defer interest payments on 96 billion euros worth of Greek debt, about one third of the country’s overall debt pile.

Greece has the highest debt-to-GDP ratio in the euro zone, at almost 180 percent of its national output.

“I had told them (potential investors) that all pieces of the puzzle would all come together … and they did,” Tsakalotos said, referring to a previous trip to the United States.

“(This time)… I just want to go through with them their views, my views, on why we should be much more confident on Greece after the 21st of August when we leave the program.”

Asked if Greece would need further debt relief to sustain market access and to be able to service its debt in the long run, as the International Monetary Fund suggested in a report last week, Tsakalotos said that a 2017 promise by European lenders to do more if needed was a further safety net.

“As things stand now and if we have serious government policy from now on, which has sustainable growth and does treat our growth strategy seriously… then I think everything is in place for sustainability,” he said.

He said the government’s goal was to tackle the debt burden through reforms and sustained higher growth as well as relief measures.

Greece has so far exceeded its fiscal targets. But the country has committed to implement more austerity in the next two years and achieve primary surpluses – which exclude debt-servicing costs – of 3.5 percent of GDP annually up to 2022, and 2.2 percent of GDP from 2023 to 2060.

The IMF called those targets “very ambitious”.

Tsakalotos said that the level austerity is much higher than he would like but the issue could be revisited in the long run.

“The fiscal surplus, if you ask me as an economist, is too high,” he said. “The European economies in general have got a framework which puts too much emphasis on fiscal austerity.

“The Greek government will look at this and so will the finance ministers, to see whether the IMF is right, whether there is a problem with sustainability. I mean it’s an empirical question, not an a priori (one).”

Greece is set to beat its targets again this year, giving it leeway to distribute a fiscal dividend to those who need it the most. Tsakalotos’ team will shortly propose where the extra funds should be spent.

He acknowledged there should be better fiscal targeting and that reducing income and property tax was under discussion. Greece wants to reinstate collective salary agreements and increase the minimum wage, and may also cut social security contributions, he said.

“What is the real problem…is who pays those taxes that’s what we will be concentrating on, that’s why I said that we were perhaps thinking of reducing social security contributions. Because there are clearly quite a lot of self-employed and small businesses, who have been hit both by an increase in taxes and social security.” [Reuters]

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