COVID-19 Finances: Binghamton financial advisor stresses preparing for the worst while hoping for the best

first_img(WBNG) — While the talk of the town may be the beginning of the reopening process, one Binghamton financial advisor is urging everyone to proceed with caution. Sydlansky stresses that many lenders understand the current situation and will be willing to work with borrowers to adjust their repayment plan. He says believe it or not, you and your lender actually have a common goal. Sydlansky says that since the crisis has meant people are staying at home more many are saving money on things like gas, trips to restaurants, and recreational activities. He says this is not only an opportunity to save money but to take a look at where you can make cuts. If you do end up with an excess amount of cash because you’re spending less money during the crisis, Sydlansky says resist the urge to spend or invest it. With recent talk of a possible second wave of the virus, Sydlansky says the best thing you can do to prepare for the remainder of the crisis is to create and maintain an emergency account. He says the goal should be to have funds to cover three to six months of expenses. If you are unable to set aside that extra cash and find yourself struggling due to the crisis, he says to take a look at ways to reduce your biggest expenses such as car payments, mortgage bills and student loans. “Refill your emergency account. there could be a second wave and we could be doing this all over again in three or four months where the service industry is shut down so I would say prepare for this to happen again,” he says. “Start with something even if it’s 5, 10, 20, dollars out of a paycheck, you’ve got to start somewhere” he says. “Once you get into the habit it will be a lot easier to keep that going.” “I would encourage people to see where their spending has been the last month or two and say ‘wow I’ve been without that cup of coffee and I’ve been without that trip to the movies if I needed to I can cut back on this.'” “You want to learn from a situation like this if you weren’t prepared this time learn what you can do differently in the future,” said Paul Sydlansky of Lake Road Advisors. “Reach out to some of your lenders and see if you can negotiate, see if you can get rates lowered and see if you can get payments skipped,” he says. “Ultimately they’re going to want to work with you to help you out in the short term because they don’t want you to default on that loan or have problems in the long term.”last_img read more

Kiasma Group Raises the Bar, Developing New KSB and KSDB

first_imgImage source: KiasmaKiasma Group, an Italian manufacturer of HDPE pipes, floats and systems specialized for the dredging sector, is continuing with process of progress and development of technologies and products, in a research and development way, capable to produce innovation in a form of improved technology.Working in collaboration with highly specialized engineers from the marine sector, in synergy with the universities, researchers, petrochemical laboratories producers of high technological value polymers, Kiasma has implemented an application of floats utilization that – once applied to HDPE pipes – constitutes a safety barrier (KSB) and a defense safety barrier (KSDB).The KSB and KSDB safety barriers consist of a several floats coupled together, mounted on HDPE pipes that allow a free rotation of 360°.Image source: KiasmaThe floats are connected to and from a safety barrier with any desired length.According to Kiasma, the anchor points are established at intervals of about 50 meters.The floats are supplied with a corrugated external surface highly resistant to loads and (or) equipped with a series of shaped tips to adapt to the particular threat.The floats that compose the barrier are filled with closed cell polyurethane foam making the barrier unsinkable, even if perforated by physical damage such as bullet holes or impacts caused by boats.Since the floats are rotating and the tips are made of stainless steel, intruders are not given the opportunity to climb over them.The KSB and  KSDB barriers may resist impacts of 25/28 tons, said Kiasma.All the materials that compose it have a long-term lifetime in sea water.The KSB and KSDB barriers can be applied in:Navy industry;Terminal development industry;Military Bases;Nuclear Power Plants;Dams;Maritime work-site protection.Image source: Kiasmalast_img read more

Children Sports Association Formed as New Sports Body

first_imgGUWAHATI: With an aim to encourage children to join sports a new association named Children Sports Association (CSA) was formed at Badarpur today. Nirmal Bhattacharjee. and Md Taz Uddin will be the president and the secretary of the association.Nirmal Bhattacharjee said: The association will work to promote different sports at the basic level. Also Read: New Body of Assam Sports Journalists Association (ASJA) formed in GuwahatiAlso Watch: Borpani Forest Range in Nagaon’s Kampur on the verge of destruction!last_img read more