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DS-Concept Provides $1 Million Export Factoring Facility to German Components Manufacturer

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a components manufacturer in Germany. The client, a manufacturer of machinery components for power plants and energy suppliers, anticipates an annual factored volume of $10MM-$12MM. With this new export factoring facility in place, the client will continue to focus on their growing exports within the European Union. The DS-Concept Group maintains a network of offices and affiliates all over the world, including...
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50 New Generation Study Abroad Teacher Grants Available

The IIE-AIFS Foundation Generation Study Abroad Enrichment Grants Program recognizes U.S. secondary-level teachers who have shown to be outstanding advocates for study abroad. The program is a professional development opportunity for teachers who have taken the Generation Study Abroad pledge to prepare their students for global citizenship and study abroad. Fifty enrichment grants of $1,000 each are available to teachers to conduct any learning activity in the United States or abroad that enhances their international outlook and global experience. About...
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The Conservative’s Case for the European Union

Those of us who believe in freedom and free markets must defend Brussels from the Euroskeptic onslaught. If the number of tasteless analogies is any indication, few things make for targets of conservatives’ disdain like the European Union. In a speech to the European Parliament in 2009, Vaclav Klaus, then the climate-change-denying president of the Czech Republic, celebrated in free market circles for the radical economic reforms he put in place in the early 1990s, comparedthe EU to the Soviet empire....
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Granito loves Formula 1

Granito is proud to announce the newest additions to the racing fleet of Dream Racing on the Las Vegas Motor Speedway. The Porsche 911 GT Race Car now stands beside the rest of the fleet, some of which can be seen below. In addition, the actual 750 hp Caterham CT01 F1 car driven by Heikki Kovalainen in 2012 is on display in the simulator room. Granito compliments Dream Racing for the new car racing experiences now available on the track and its continuation of 3D-simulator...
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Important Changes to Become Effective Oct. 1 Permitting Earlier Filings of Adjustment of Status Applications

U.S. Citizenship and Immigration Services and the U.S. State Department have announced significant changes to make it possible for eligible employer-sponsored foreign nationals to file applications for adjustment of status to permanent residence before an immigrant visa number becomes available. The new changes establish a separate priority date list for the filing of adjustment of status applications, as well as a separate list for when adjustment cases can be approved. In October 2015, for example, USCIS will accept adjustment of status applications from Indian...
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Second Circuit Rules Internal Whistleblowers Are Protected Under Dodd-Frank

The U.S. Court of Appeals for the Second Circuit created a federal appellate split today when it revived a Dodd-Frank Act retaliation claim by an ex-finance director, who was responsible for the company’s financial reporting and compliance with accounting standards. The court held that he was protected even though he only raised claims of accounting fraud internally with his employer, but did not report them to the Securities and Exchange Commission (SEC or the Commission) before he was terminated.  The...
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Trepp Credit Story: 100% Loss for Times Square Loan

According to September remittance data, the $25.7 million 1604 Broadway note was written off in full this month. The loan made up 0.86% of GECMC 2007-C1, which has now taken 8% in cumulative bond loss. The loan was backed by a 29,875 square-foot retail property located in the theater district of Times Square. The note was initially transferred to special servicing in November 2009 after losing its top tenant, Spotlight Times Square, to bankruptcy. The loan defaulted a month later and failed to refinance when it...
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TREPP Analysis: CMBS Volume Remains Elevated

After an off-season dominated by accusations, suspensions, name-calling, and courtroom drama, the NFL finally gave football fans what they wanted when the Patriots hosted the Steelers on opening night. The game was not without something for the conspiracy theorists: Steelers coach Mike Tomlin complained that the Pats' radio broadcast was coming through his headset throughout the first half. After an off-month low-lighted by a spike in volatility, sizable stock market losses, hand-wringing, and teeth-gnashing, the financial markets finally gave investors...

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