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Fair Way Funding

Congressman McGovern to GOP: Let's be 'fair and balanced' in media funding

Congressman Jim McGovern(MA-3) says on the floor that defunding NPR because the content isn't agreeable is a 'lousy' way to make ...

Anti-NIMBYs see hope in West LA project

The city of L.A.'s struggle to find willing neighborhoods for homeless housing developments hope they have something of a blueprint for success in a recently approved project in West L.A. 

The development, 70 units in total with half devoted to permanent supportive housing for young adults and families, is slotted on the site of a formal animal shelter in the Sawtelle area. The area's neighborhood council recently approved the project after months of outreach by Councilman Mike Bonin's office and the developer, Thomas Safran & Associates.

The news comes on the anniversary of the passage of Proposition HHH, a $1.2 billion bond measure passed by city voters to fund low-income housing.

And advocates are hoping the development's success so far portends success for hitting the measure's goal of constructing 10,000 units in the next decade. Neighborhood opposition to development is one of the major potential hurdles moving towards that goal.

BMW Leads Funding Round for Ex-TrueCar CEO's Flexible Lease ...

Stepped down from TrueCar in 2015 amid a spat with dealers who bristled at his push for more online price transparency, is now relying on them to provide inventory to Fair’s users. To make its service appealing for them, the company lets dealers offer inventory on the app for free. The startup makes money by charging users a fee that’s baked into the price of their monthly payment.

The equity raised from Daimler’s Mercedes-Benz, Penske and i Ventures -- BMW’s corporate venture capital arm -- will allow Fair to borrow, Painter said. The Santa Monica, California-based company is raising $1 billion in debt from investment banks and a mobility fund created by venture firm Sherpa Capital.

Dealership group Penske’s physical infrastructure will serve as a “foundation” for Fair’s new leasing model. The company has been sourcing cars from dealers in Los Angeles and is planning to expand throughout California by the end of the year and to other select U.S. markets in 2018.

In what way do you think the Fed is being fair / unfair re:AIG 'emergency funding'?

Fair, not unfair
Had they not stepped in to prop up AIG there would have been devastating negative consequences in the international capital markets. AIG insured many mortgages which are in default.