Axl Rose ends Guns N' Roses concert ritual after fan 'hurt' by microphone toss into crowd

Axl Rose is holding on to his microphone, for now.

The Gun N’ Roses frontman penned a lengthy statement on Twitter following a report that one fan at a concert in Australia was injured after Axl tossed the mic into the crowd — a longstanding tradition signaling the end of a GNR show.

“It’s come to my attention that a fan may have been hurt at r show in Adelaide Australia possibly being hit by the microphone at the end of the show when I traditionally toss the mic to the fans,” he wrote.

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After the band’s final song, “Paradise City,” Rose threw the microphone into the sea of people at Adelaide Oval last week, and allegedly struck Rebecca Howe in the face. Howe said she suffered two black eyes.

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“If true obviously we don’t want anyone getting hurt or to somehow in anyway hurt anyone at any of r shows anywhere,” Axl wrote.

“Having tossed the mic at the end of r show for over 30 years we always felt it was a known part of the very end of r performance that fans wanted and were aware of to have an opportunity to catch the mic.”

He added, “Regardless in the interest of public safety from now on we’ll refrain from tossing the mic or anything to the fans during or at r performances.”

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“Unfortunately there r those that for their own reasons chose to frame their reporting regarding this subject in a more negative n’ irresponsible out of nowhere light which couldn’t b farther from reality. We hope the public and of course r fans get that sometimes happens.

“A BIG THANKS to everyone for understanding.”

Hundreds of GNR fans responded to Rose’s tweet with dismay. One follower wrote it was “one of the greatest days/nights” of their lives after they caught the mic during a Guns N’ Roses show.

Howe told Adelaide Advertiser after the incident, “What if it was a couple of inches to the right or left? I could have lost an eye … what if it hit me in the mouth and I broke my teeth? If my head was turned and it hit me in the temple, it could have killed me.”

The band — including Slash, Duff McKagan, Dizzy Reed, Richard Fortus, Frank Ferrer and Melissa Reese — is heading to New Zealand for two more tour stops on their highly anticipated 2020 tour, which was postponed due to the pandemic. They’ll end the Guns N’ Roses 2020 Tour in London at Hyde Park on June 30, 2023.

In a Time of Crisis, Public Discourse Has Descended Into Nonsense

Our leaders of both parties now seem free to utter things completely at odds with reality and logic.

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Aces into Finals as Bird's career comes to close

The Aces returned to the WNBA Finals for the second time in the past three years with a 97-92 victory Tuesday in Game 4 of their semifinal series against the Storm, in the process bringing an end to Sue Bird’s legendary career.

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Supreme Court probe into leak of draft opinion on abortion narrows list of suspects

Nearly three months after a bombshell draft Supreme Court opinion over abortion rights was leaked to the media, the question of who was responsible remains an ongoing Washington summer mystery.

Chief Justice John Roberts has ordered the Court’s marshal to conduct an internal investigation, but there has been no official update, and no indication whether the probe is ongoing, ended or suspended.

But multiple sources tell Fox News the investigation into the approximately 70 individuals in the court who may have had access to the draft opinion has been narrowed. Sources say much of the initial focus was on the three dozen or so law clerks, who work directly with the justices on their caseload. Fox News had previously reported those law clerks were asked to turn over their cell phones and sign affidavits. It is unclear whether those clerks have all cooperated.

Supreme Court law clerks work on a one-year contract for individual justices, and their term typically ends in mid-July. Most of the law clerks have now presumably moved on to other jobs, and any future cooperation with them into the leak investigation was seen as problematic.

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Fox News has been told court Marshal Gail Curley has also asked several permanent court staff who may have had access to the draft opinion to turn over their cell phones and electronic devices.

But the key question of the leaker’s identity remains unknown, at least publicly. Also unanswered is whether any punishment or discipline will be forthcoming; whether outside federal law enforcement or private law or security firm has been hired to help; and what steps if any will be taken to prevent future such leaks.

The court’s public information officer Patricia McCabe offered a formal “no comment” when asked Friday by Fox News.

A day after the early May leak, Roberts announced the internal probe, which was not given a deadline or any publicly-released mandate.

“To the extent this betrayal of the confidences of the Court was intended to undermine the integrity of our operations, it will not succeed,” the chief justice said in a rare public statement. “The work of the Court will not be affected in any way.”

It all comes amid ongoing, underlying tensions at the court. The building remains surrounded by high metal fencing, erected shortly after the May 3 leak of the draft obtained by Politico. That draft showed at least five conservative justices prepared at that time to strike down the nearly five-decade Roe v. Wade precedent, and end the nationwide constitutional right to abortion. The final opinion issued June 24 did just that, causing enormous political, legal, and social ripples, as states and Congress now grapple with revising and crafting legislation on access to the procedure.

The justices and their families are now under round-the-clock protection, and vocal protesters have shown up regularly at the homes of some justices. A California man has been charged with attempting to assassinate Justice Brett Kavanaugh, after being arrested near the justice’s Maryland home, armed with a handgun and after making threats.

Inside the court, the leak and ensuing final opinion in Dobbs v. Jackson Women’s Health Organization intensified the already strained dynamic among the nine justices, where a 6-3 conservative majority in the past two years has moved aggressively on hot-button issues like gun rights, immigration, religious liberty, and executive power.

“Look where we are, where now — that trust or that belief is gone forever,” Justice Clarence Thomas said shortly after the leak became public. “When you lose that trust, especially in the institution that I’m in, it changes the institution fundamentally. You begin to look over your shoulder. It’s like kind of an infidelity that you can explain… but you can’t undo it.”

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Thomas is not exaggerating. But several people close to the justices say the nine members hope the ongoing summer recess serves as a “cooling off” period after tensions in the last weeks and months of the past term made the unique workplace very difficult.

And there is the expectation the newest Justice Ketanji Brown Jackson will bring a fresh perspective and a new dynamic to the court — someone who like her mentor and predecessor Justice Stephen Breyer may be able to reach across the ideological aisle on many issues.

Jackson officially joined the court July 1, and has spent the past few weeks quietly moving into her chambers and hiring her small staff — including the four law clerks who will serve a vital supporting role — a sounding board for the myriad of cases big and small that will come her way.

Her colleagues — and the public at large — will watch to see how quickly the 51-year-old Jackson adjusts to a fractured court, and whether she will be the strong progressive voice President Biden and her supporters have promised.

Like last term, the court’s docket for its next term that begins in October is already filled with its share of divisive cases — affirmative action in college admissions, religious liberty and LGBTQ+ rights, immigration policy, and election redistricting.

For now, the conservative majority seems poised to advance its winning streak.

“I expect that continuation of where they’re going, they’re going to be controlled by a conservative majority,” said Thomas Dupree a former top Justice Department official and now a leading appellate attorney. 

“There’s not going to be a great ideological shift when you’re replacing one liberal vote with another liberal vote,” with the addition of Justice Jackson. “But at the same time, justices over history will tell you that any time you have a single member added to the court, given that it’s a nine person body, it’s a new court. The interpersonal dynamics are different than negotiations behind the scenes are different, and you can never quite anticipate how that might ultimately play out. But at least for the foreseeable future, I think we’re going to continue to see the conservative majority controlling the outcomes in most of the big ticket cases,” Dupree said.

Justice Elena Kagan has expressed concern for how the public will perceive the court moving forward.

“I’m not talking about any particular decision or even any particular series of decisions, but if over time the court loses all connection with the public and with public sentiment, that’s a dangerous thing for a democracy,” Kagan said at a judicial conference in Montana last week. “Overall, the way the court retains its legitimacy and fosters public confidence is by acting like a court, is by doing the kinds of things that do not seem to people political or partisan.”

Here’s When to Dip Into Your Line of Credit

The Best Ways to Use Your Business Line of Credit 

A business line of credit (LOC) is a powerful tool to help business owners handle surprise expenses or navigate a dip in revenue. Having an LOC to draw from can be the difference between business failure and survival.

But like any money you borrow, LOCs must be repaid—with interest—so it’s important to think through the best ways to use this funding option. 

Here’s what you need to know about a business LOC and how you should use it.

What, exactly, is a business line of credit?

An LOC is an arrangement by which a bank or other financial institution agrees to provide a customer—an organization or individual—access to funds up to a certain limit. The customer can draw funds up to that limit at any time and must pay interest on the amount borrowed until they repay it. After repayment, the customer can borrow those same funds again (and again) to cover further expenses. 

A business LOC is different from other common business funding options in several ways. The option it most closely resembles is a credit card. This is since both of these function by allowing the borrower to draw money over and over up to a given limit. An LOC is unlike a credit card, in that an asset like a home or business property might secure it. This often leads to lower rates (traditionally 3% to 7%) and higher limits than credit cards.

Another common option for business funding is a business term loan. You might secure it with a business asset, as with an LOC. Unlike an LOC, though, a business loan is due in set installments that can range from three months to 25 years. While with an LOC, payment is typically due monthly on the amount you borrowed, and interest only accrues on what you don’t pay back on time.

What is a business line of credit best used for? 

It is best to use business LOCs when you know you can back the funds relatively quickly. Hence business owners who lean on LOCs to finance regular business operations may quickly find themselves in trouble with repayment. 

“A line of credit is meant to be a short-term bridge rather than a long-term fix,” says Matt Schulz, chief credit analyst at LendingTree. “It is meant to provide a consistent access to funds to help businesses push through short-term crunches, such as waiting for a client to pay an invoice or seasonal dry periods.”

When deciding whether to use an LOC for a given expense, err on the side of caution. You want to preserve borrowing capacity to maintain a safety net. But if the expense in question is the type that a safety net is made for, then borrow away. Here are five situations where you may want to consider using your business LOC.

Unexpected emergencies

An LOC can be a good way to respond quickly to a true emergency in your business. For example, a natural disaster that damages your property. Or the complete breakdown of vital equipment. You need to fix these problems right away. They may be expensive to address. But an LOC can accommodate this. 

However, it’s best to think ahead about how you’ll repay the large expense quickly. This is to regain your borrowing power and reestablish your LOC safety net for the next time something comes up. In the case of a natural disaster, you may anticipate receiving insurance money that you can use to repay the LOC. 

Equipment repairs

A small equipment repair is an excellent use case for a business LOC. It’s best to try to limit your use to repairs that are relatively inexpensive and quick. This is so that you don’t tie up too much of your credit limit for too long. That’s why it’s best to finance major, nonemergency repairs or the purchase of new equipment in another way, such as via a business loan. 

“If you’re talking about new equipment altogether, [using a line of credit] might not be the best fit,” says Shulz. “Tying up the funds from a line of credit in a big equipment purchase means that there is less of it to use as a safety net in case cash-flow woes or other short-term financial hiccups occur.”

Ramping up 

Using an LOC to help you pay for necessary expenses while you’re ramping up your business can be a good idea, assuming you’re sufficiently sure of success and anticipate being able to pay the LOC back by way of increased revenues in the near future.

Borrowing money from an LOC to start a business you’re unsure will succeed is an unwise choice. You’ll be liable for repayment even if the business fails. 

Busy seasons

Some businesses have de facto busy seasons or are explicitly seasonal, which can put a strain on business resources at certain times of year. An LOC can help you cover all the expenses required to function optimally in the busy season. This is with the anticipation that revenues from those heightened sales will allow for quick repayment after higher sales ebb. 

“The extra funds from the line of credit can help you handle those extra expenses while you wait for the cash to start rolling in during that busy period,” says Shulz. The key is ensuring that you have full confidence that the sales will indeed be rolling in soon. 

Awaiting payment

An LOC can help when you’re waiting for payment—especially late payment—from a customer. Or when ramping up to handle an important new client. In both cases, you know money will be forthcoming, which will allow you to repay whatever you borrow very soon. 

Just be sure that if you borrow from an LOC as an advance on forthcoming payment that you are absolutely certain that money will be coming along soon. You can get in hot water if you dip into your LOC only to have your client default on payment you’re expecting. 

Secure an LOC before you really need it

Ideally, you should have an LOC set up before you need the money. Establishing a business LOC can require an initial investment — if the lender charges closing costs. So it may be hard to stomach setting one up before you feel you absolutely have to. But the security it provides is well worth the initial outlay. 

“It can definitely be smart to get that line of credit before you really need it,” says Shulz. “Remember that you don’t have to use it when you get it. You’re only charged interest on the amount that you actually use.”

In a best-case scenario, you establish your LOC and never have to borrow against it. But you’ll sleep easier at night knowing it’s there. 

Line of Credit author Katherine Gustafson guest blogger

 

Katherine Gustafson is a freelance finance and business writer specializing in content marketing and thought leadership. Her work has appeared in finance and business publications such as MagnifyMoney, StudentLoanHero, Forbes, and Business Insider.

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Tier 1 Business Credit – Dive Into the Truth

There are a lot of questions out there about the business credit tiers. A lot of business owners claim they have strong business credit and they never even considered the tiers.  There is a school of thought that they are not necessary and a waste of time. Tier 1 business credit gets a particularly bad rap as being unnecessary.  It’s time we dive into the truth about Tier 1 business credit.

The Truth About the Tiers and Tier 1 Business Credit

What are business credit tiers? Actually, the tier system is just how Credit Suite ranks vendor credit based on how easy it is to get approval. When you work through our business credit builder, you start by setting up a fundable foundation. Once your business is set up properly, you begin applying for Tier 1 business credit vendors.  After you have enough of those reporting payments to the business credit reporting agencies, you can move on to Tier 2, Tier 3, and finally Tier 4 and advanced vendors.

First, let’s get one thing out of the way.  The truth is, some business owners can build strong business credit without working through the tiers.  That’s a fact.  Here’s another truth. Most business owners can’t. Honestly, several factors need to fall into place perfectly to be approved for business credit accounts without working through the tiers in order.

These include but are not limited to:

  • Substantial income
  • Willingness to give a personal guarantee
  • Excellent credit
  • High value collateral and the willingness to use it to fund the business

However, the tiers are the key to gaining access to advanced vendors and more business funding without these things.

The Benefit of Working Through the Tiers in Order

The vendor tiers are set up by Credit Suite. It’s a sort of formula to allow business owners to build their business credit without any more personal guarantee than necessary. So, even if you are able to skip them, it’s not wise to do so. The tiers can still be useful as a way to limit your personal guarantees when it comes to business funding.

When you set your business up the right way, and work through the vendor tiers in order, your business can eventually fund itself with minimal impact on personal credit.

A Deep Dive Into Tier 1 Vendors

What makes Tier 1 vendors so special? These are starter vendors that will extend net terms on invoices. They do so with less focus on credit score than other vendors and creditors. Not only that, but they will also report those payments to the business credit reporting agencies.

However, it only works if your business has a fundable foundation. That includes having professional business contact information, an EIN, being incorporated, and having a D-U-N-S number, among other things.

How Do You Find Tier 1 Business Credit Vendors?

Since most vendors do not classify themselves into tiers, how do you find them? A simple search will give you a few options.  However, the information changes without warning.  We are always finding new vendors that fit into Tier 1, and often we discover vendors have changed their requirements or reporting standards in ways that make them no longer Tier 1 vendors.

Here are just a few Tier 1 business credit vendors we know of currently.

76

76 offers a fleet card that reports to Dun & Bradstreet and Experian.

To qualify, you need the following:

  • Your corporate entity must be in good standing with the applicable Secretary of State
  • An EIN
  • Company address matching everywhere
  • D-U-N-S number from Dun & Bradstreet
  • Your business license (if applicable)
  • A business bank account
  • Business phone number listed on 411

They will ask for your SSN for identification purposes. You can use a $500 deposit instead of using a personal guarantee if you have less than one year in business. Their terms are net 15.

The CEO Creative

The CEO Creative reports to Equifax and Credit Safe. They offer low prices on electronics, wireless earbuds, cameras for cars and trucks, speakers and more. They also have quality custom design and branding services. You can create your own logo, business cards, and business accessories.

There is a membership fee, and the minimum order before they will report to the business credit bureaus is $40.

To qualify, you need the following:

  • Your corporate entity must be in good standing with the applicable Secretary of State
  • Business credit history
  • EIN
  • Company address matching everywhere
  • Your business license (if applicable)
  • A business bank account
  • At least 120 days in business

Grainger Industrial Supply

Grainger sells hardware, power tools, pumps and more, in addition to performing fleet maintenance. They report to Dun and Bradstreet.

If a business doesn’t have established credit, they will want to see additional documents like accounts payable balance and business financials. Terms are Net 30, Net 45, Net 60, or Net 90.

To qualify, you need:

To be an entity in good standing with Secretary of State

  • EIN
  • Business address (matching everywhere)
  • D-U-N-S number
  • Business license (if applicable)
  • Separate, dedication business bank account
  • Business registered to Secretary of State (SOS) for at least 60 days

What’s After Tier 1 Vendors

When you choose to build business credit this way, you need 3 to 5 accounts reporting before you qualify for vendors in the next tier. Use vendors in Tier 1 to buy the things you need for your business anyway. As a result, you will be well on your way to building a strong business credit portfolio.

The goal is at least 10 business credit accounts reporting to your business credit report. For some, it is possible to get those 10 accounts from any tier by offering a personal guarantee. However, even if this is possible for you, it’s not always the most strategic move. It’s not wise to have all of your business credit tied to your personal credit.

Some business accounts require a personal guarantee regardless. But the more credit you can get in the name of your business without a personal guarantee, the better. Tier 1 vendors are the gateway to building a strong business credit profile with minimum personal guarantee.

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