The long list of 2013 winners also includes an Alaska immigration lawyer, a Boston College medieval historian and other luminaries. All will receive a no-strings-attached grant of $625,000 over five years. New York choreographer Alexei Ratmansky is artist-in-residence at American Ballet Theater. Park Slope novelist and The Afterlife essayist Donald Antrim said he has trouble remembering the moments that immediately followed learning about his win. I did go into a kind of shock, said Antrim, 55, who teaches at Columbia and said he has spent a lot of years being broke. Jeremy Denk, a classical pianist and writer, is releasing his latest album ‘The Goldberg Variations’ on Sept. 30. In some ways its going to change things very dramatically. In other ways, maybe it will support whats already there, he said. It feels very dignifying. The youngest winner was popular author and Washington Heights resident Karen Russell, 32, whose first novel, Swamplandia!, made scores of critics’ best of 2011 lists. Vijay Iyer is a New York jazz pianist and composer. The foundation also awarded a grant to New York choreographer Alexei Ratmansky, the former creative director of Russia’s Bolshoi Ballet and current artist-in-residence at American Ballet Theater. The grant was well-timed for local classical pianist and writer Jeremy Denk, whose latest album, “The Goldberg Variations,” will be released Sept. 30.
New York ‘geniuses’ scoop nine spots as MacArthur Fellows out of 24 nationwide
The Fed allotted $9.4 billion in overnight reverse repos through the facility at a fixed-rate of 0.01 percent. The operation was open to the Feds 139 tri-party reverse repo counterparties, which includes 94 money market mutual funds, six government-sponsored entities, 18 banks and the Feds 21 primary dealers. Each eligible counterparty was limited to a maximum bid amount of $500 million. The collateral for the transactions was limited to Treasury debt. This exercise is not intended to materially affect the current level of short-term interest rates , the New York Fed said in a statement on Sept. 20. This work is a matter of prudent advance planning and do not represent a change in the stance of monetary policy, the statement said. The New York Fed said in a separate statement today that it plans to increase the maximum bid amount to $1 billion from $500 million, beginning with tomorrows operation. Fed policy makers, while still buying bonds to support the economy, have also been developing methods to eventually help withdraw record monetary accommodation. Along with raising the overnight bank lending rate, Fed officials have said they may use tools including reverse repos to withdraw or neutralize cash in the banking system. In a reverse repo, the Fed lends securities for a set period, temporarily draining cash from the banking system.
New York Mortgage Trust to Present at the JMP Securities Financial Services and Real Estate Conference
26, 2013 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. ( NYMT ) (the “Company”) announced today that it is scheduled to present at the JMP Securities Financial Services and Real Estate Conference on October 1, 2013 at The St. Regis hotel in New York, NY. The Company’s presentation is scheduled to begin at 2:00 pm. Presentation materials will be available on the Company’s website at www.nymtrust.com in the “Events & Presentations” section beginning at 12:00 PM on October 1, 2013. About New York Mortgage Trust New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”). The Company invests in mortgage-related and financial assets and targets Agency RMBS, consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS, Agency IOs consisting of interest only and inverse interest only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans, multi-family CMBS, certain commercial real estate-related debt investments and residential mortgage loans, including loans sourced from distressed markets. When used in this press release, in future filings with the Securities and Exchange Commission (“SEC”) or in other written or oral communications, statements which are not historical in nature, including those containing words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “would,” “could,” “goal,” “objective,” “will,” “may” or similar expressions, are intended to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to the Company. If a change occurs, the Company’s business, financial condition, liquidity and results of operations may vary materially from those expressed in its forward-looking statements. The following factors are examples of those that could cause actual results to vary from the Company’s forward-looking statements: changes in interest rates and the market value of the Company’s securities; changes in credit spreads; the impact of the downgrade of the long-term credit ratings of the U.S., Fannie Mae, Freddie Mac, and Ginnie Mae; market volatility; changes in the prepayment rates on the mortgage loans underlying the Company’s investment securities; increased rates of default and/or decreased recovery rates on the Company’s assets; the Company’s ability to borrow to finance its assets; changes in government regulations affecting the Company’s business; the Company’s ability to maintain its qualification as a REIT for federal tax purposes; the Company’s ability to maintain its exemption from registration under the Investment Company Act of 1940, as amended; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. These and other risks, uncertainties and factors, including the risk factors described in the Company’s periodic reports filed with the SEC, could cause the Company’s actual results to differ materially from those projected in any forward-looking statements it makes.