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Tourism cash to repay $150mln Chinese loan for Vic Falls airport expansion

TRANSPORT minister Obert Mpofu has told the tourism ministry to aggressively market the country’s premier tourism destination to help repay a $150 million Chinese loan to upgrade the Victoria Falls International Airport.

China Exim Bank provided the loan for the expansion work being carried out by China Jiangsu which includes the construction of a new 4km runway, a new international terminal building, upgrading domestic terminal building, new fire station, new control tower and state –of–the art aviation specialist equipment.

The new terminal building will be able to handle 1,2million passengers per annum from 400,000 currently while the new runway would enable the airport to handle wide body aircraft.

Mpofu said government’s ability to repay the loan would depend on the Zimbabwe Tourism Authority’s marketing initiatives.

“The airport is almost complete now and this is the time to start marketing it so that we get more airlines and tourists coming,” said Mpofu during a media tour of the airport.

“The tourism ministry is the biggest beneficiary. It is now up to you ZTA to market the airport starting now because this project benefits you mostly.

“Without that government will not be able to repay the loan because no money will come in if there are no tourists and airlines using the airport.”

ZTA chief operating officer Givemore Chidzidzi said they would continually market the country, with prominence given to new facilities such as Victoria Falls airport.

“There is a lot of work to be done. We have upped the game and will always market the new look airport to lure more visitors,” said Chidzidzi.

The Victoria Falls corporate community, which is dominated by tour operators, has pledged to extensively market the resort town.

Zimbabwe Council of Tourism representative Barbara Murasiranwa said they were prepared to partner government in marketing Victoria Falls.

“As stakeholders we are going to assist,” said Murasiranwa who is also Hotel Association of Zimbabwe (HAZ) deputy president.

“We are not going to have an ‘us and them attitude’. At the moment we are working with Zimra, Civil aviation Authority of Zimbabwe and immigration and we have spent $25,000 in three months giving water to clients at ports of entry.

“Temperatures are usually high at this time of the year and we thought we should take care of our visitors. We have five planes landing at the airport at almost the same time and we took it upon ourselves to help with water.”


Murasiranwa said they were encouraged by the fact that government is making plans to make Victoria Falls a tourism hub.

“We are already marketing the airport and all our brochures and websites feature the new look facility,” she added.

Construction activity is likely to be complete by June next year, with commissioning expected in August, Mpofu said.


Loan Scam Warning


The Better Business Bureau (BBB) serving Nebraska, South Dakota, The Kansas Plains and Southwest Iowa is warning consumers of a scam where phony lenders are making false promises to borrowers seeking loans in exchange for upfront fees.

BBB has received complaints from consumers who were victims of a Jamaican scam in which the lenders demanded cash up front and never provided the loans. The names being used in this scam are USA Cash Advance and Payday Loans of America.

Complainants state that according to the information they received, this business was located at 604 E North St in Rapid City, SD. Another address associated with this company is 2138 S Minnesota Ave in Sioux Falls, SD. One person paid $295, and another reported that she had sent $16,000 to this company. They were both asked to use Green Dot MoneyPak cards to transfer the “required” fees. None have received their loans or were they able to cancel them. The company just keeps asking for more money to process their refunds.

According to BBB President Jim Hegarty, “Unfortunately, many times the borrowers who fall into these traps don’t have many options because of their poor credit history or lack of collateral. Any time someone asks you pay in advance for a loan, it’s a scam because charging an advanced fee for a loan is illegal.”

A BBB investigation found that neither of addresses in South Dakota for the company were valid, and when the phone number, provided by the consumers, was called, a man with a heavy accent answered. He offered the investigator a loan and immediately sent an email stating, ”For $5,000 your monthly installment will be $242 for 24 month and we are located in 2138 s Minnesota AVE Sioux FALLS Sd 57103.” The investigator then received a phone call from a Jamaican phone number. The caller stated that he had her $5,000 loan even though she had not applied for a loan nor had she provided anything other than a phony name, email address and phone number.

Here’s how the alleged scam works: Consumers apply and get “approved” for loans online. They are then asked to “secure” the loan by paying fees under the guise of a variety of names such as interest fees, collateral or insurance costs on the loan or a broker’s fee. Consumers are then told to transfer the cash via Western Union or to purchase re-loadable prepaid card like Green Dot MoneyPak. “In many cases, the lender comes back multiple times asking for fees,” said Hegarty. “The ‘lenders’ never give out the loan. They disappear, shutting down their website and disconnecting their phones.”


Physicians Realty Closes Mezzanine Loan Secured by Interests in Two Leading Specialty Hospitals and Completes …


Physicians Realty Trust (DOC) (the “Company”), a self-managed healthcare properties REIT, announced today that it has closed its previously announced mezzanine loan of approximately $6.9 million to affiliates controlled by MedProperties Holdings, LLC (“MedProperties”), a leading Dallas-based private investor in healthcare real estate (the “Loan”).

The Loan is secured by MedProperties’ ownership interest in two special purpose entities that own real estate leased to two specialty hospitals: a stabilized surgical hospital, operated by National Surgical Hospitals in partnership with leading surgeons in San Antonio, Texas; and a new inpatient rehab hospital operated by a joint venture between Scottsdale Healthcare and Select Medical, Inc. (SEM). The Loan has a five-year, interest only term and bears interest at a rate of 9.0% per annum. The Company also has an option, without obligation, to acquire these properties during the fourth year of the Loan.

In addition, the Company announced the completion of the acquisition of an ambulatory surgery center (“ASC”) in Great Falls, Montana for a total cash consideration of $4 million. The ASC is 100% leased to Great Falls Clinic Surgery Center, LLC under a recently signed 15-year absolute, net master lease. Physicians Realty Trust entered into a definitive agreement to acquire the property and subsequently completed the acquisition on December 11, 2013. The purchase price is equal to an 8.5% first year capitalization rate.

John T. Thomas, President and CEO of Physicians Realty Trust, stated, “As we grow our portfolio, we continue to look for creative means of financing our provider partners that will benefit both Physicians Realty Trust and our partners. The closing of this $6.9 million secured mezzanine loan with affiliates of MedProperties demonstrates our ability to create value for the Company and its shareholders through sizeable returns, while enabling our tenant to recapitalize its business. In conjunction with the loan, we have a purchase option to acquire the properties at a later date. This provides a built-in growth opportunity with two very attractive, high quality properties, one of which, The Scottsdale Healthcare Rehabilitation Hospital, was recently recognized by HREI Insights as the Best New Post-Acute New Ground-Up Development for 2013.”

Mr. Thomas added, “We have continued to successfully execute our growth strategy with the acquisition of an ambulatory surgery center in Great Falls, Montana. This property fits well within our portfolio and the transaction demonstrates our ability to achieve solid yields with strong counterparties. Furthermore, it provides us with an additional asset to drive further revenue generation and with 100% of the property on lease, it will help to improve the overall occupancy level of our portfolio.”

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will” or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the Company’s Prospectus filed pursuant to Rule 424(b)(4) on December 6, 2013. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Mergers, Acquisitions & TakeoversHealth Care Industry Contact:

Physicians Realty Trust

John T. Thomas, 214-543-6611

President and CEO


John W. Sweet, 414-978-6467



The Ruth Group

Stephanie Carrington / David Burke, 646-536-7017/7009

/ […]

ONTARIO NEWS: Province plans to review Payday Loans Act …

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Payday Loan in South Dakota Sioux Falls

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Scammers Threaten To Arrest You Unless You Pay

Twin Falls, Idaho (KMVT-TV) Telephone scammers have a brand new spin. They call you and tell you you’re going to be arrested.

A man named Scott D. Miller called from Fullerton, California, saying a local woman’s boyfriend had applied online for a quick cash advance loan a year ago. While the man never received any money, the caller said if he didn’t pay up, he’d be arrested.

Scam victim Veronica Gallegos says, “He repeated the address to me and told me he would show up on the doorstep the next day, with court papers to arrest him, take him to court, and then go from there. He would be put in jail.”

The scammer demanded that Gallegos wire him $200 as the initial payment on a $900 balance. But then she decided to ask somebody else for help.

Gallegos says, “I didn’t want to get in trouble, I thought I would call an attorney for advice. Right off the bat, she told me it was a scam. She asked me if I had applied for a bankruptcy or a payday loan. I told her it was a payday loan online, but we never received any money.”

After Googling Marchant Grace Law Office, Gallegos found several other complaints that confirmed the phone calls were from scammers. She says the best way to avoid this scam is to apply for a loan in person, not online.

Dan Heil, Crime Prevention Officer with the Twin Falls Police Department, says, “Usually if there’s any sort of threat of being arrested, the best thing to do is contact your local law enforcement agency, police department, sheriff’s department, and ask some questions. Find out if there are warrants out for a person’s arrest or something like that. We can give you that information and let you know.”

Aug. 15, 2012.


Self Reliance – Ralph Wardo Emerson (Full Audio)

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Ellsworth Toohey Speech (How to Rule Souls) – The Fountainhead (FULL)

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Download the rest of The Fountainhead Audiobook here Ellsworth Toohey’s speech on “How to rule souls” THIS VIDEO IS “FAIR USE” COMMENTARY OF NEWSWORTHY RESEARCH VALUE. IT’S USE FALLS UNDER THE CATEGORY OF NON-COMMERCIAL FREE SPEECH. (In accordance with Title 17 USC Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.) […]