Is it Time to Bring Electronics Manufacturing Back to the USA?

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Can we reshore electronics manufacturing back to the USA?

One of the giants in the semiconductor industry, Taiwan Semiconductor Manufacturing Company, has been negotiating to build a new wafer fabrication facility in Arizona.”

— Formaspace

AUSTIN, TEXAS, UNITED STATES, September 29, 2020 / — Despite the fact that there are still five more months yet to go, there’s little question that the year 2020 will go down in history books as a major turning point.

The Coronavirus pandemic has led to massive change, touching on nearly every aspect our society – from front line healthcare workers in vital vaccine research to working from home and relying more on e-commerce and home delivery, to changing transportation and logistics patterns as well as energy use.

Surveys here in America and across the world also indicate many of us are dissatisfied with returning to the way things were before the pandemic; we’re looking for improved health care, a cleaner environment, better working conditions, and a fairer, more equitable society.

Remarkably, even supply chain logistics have become part of this conversation about change.

The Coronavirus pandemic has also opened the eyes of many Americans to the extent that we have become overly dependent on overseas production for a range of products, from PPE and medical supplies to the electronics components that power our telecommunication systems, energy infrastructure, and military operations.

Could A New Taiwan Semiconductor Manufacturing Company (TSMC) Fab Plant Help Kick Start A Renewed Electronics Manufacturing Ecosystem In The USA?

Advocates of growing an American-made electronics manufacturing supply base have welcomed the news that one of the giants in the semiconductor industry, Taiwan Semiconductor Manufacturing Company (TSMC), has been negotiating to build a new wafer fabrication facility in Arizona.

If an agreement is signed, TSMC says it plans to invest $12 billion in the new Arizona facility, which would create 1,600 new jobs. Construction at the yet-to-be-named location would commence in 2021, and production would start in 2024.

The prospect of a major new employment opportunity is good news during the Coronavirus pandemic. But equally important is the long-term effect that this major new facility could have on creating an American manufacturing ecosystem.

Because several of TSMC’s high-profile customers (including Intel and Qualcomm) are already located in the southwest region of the US, the new fab plant would allow these companies to fabricate leading-edge semiconductor products entirely within the United States, rather than relying on TSMC’s overseas fab plants.

Thanks to the close geographic proximity, the supply chain will become shorter, reducing wait times (and improving the reliability of just-in-time manufacturing output) as well as leading to potentially greater cooperation between TSMC’s engineering teams and those of their major customers.

National Industrial Policies: Decoupling Supply Chain Sourcing From China

Concerns about supply chain breakdowns are not limited to the US.

Thanks to the lessons learned from the Covid-19 pandemic, national industrial planning policymakers around the world are creating plans for more resilient supply chains to ensure a steady domestic supply of strategic goods and materials in times of emergency.

In practical terms, this means building up new domestic production capabilities and reducing the status quo dependence on single-source production from one country, e.g. China.

For example, the Japanese government is now paying financial incentives (70 billion yen in the current funding period) to encourage Japanese companies to bring their manufacturing operations back to Japan or to relocate them from China to another country in the region.

This new policy approach (colloquially known as the China Plus One strategy) is not unique to Japan. Government planners in Taiwan and Korea are pursuing similar incentive policies to increase the number of domestic, or at least non-Chinese-based, suppliers.

Taiwan’s so-called “non red supply chain” policy offers financial support (including tax breaks, low-cost financing, rent subsidies, etc.) to companies willing to relocate manufacturing operations from China. Earlier this month, South Korea also announced a similar range of incentives for companies willing to relocate their operations outside of China.

US Trade Policy: Which Is More Effective, The Carrot Or The Stick?

While Japan, Korea, and Taiwan have been pursuing a quiet, soft-power approach that relies on financial incentives to lure manufacturers away from China, government officials across the Anglosphere (specifically the US and the UK) are pursuing a much noisier carrot and stick approach to build up supply chains outside of China.

Let’s start with the carrot.

The new American industrial policy, outlined in the US State Department’s recently announced Economic Security Strategy, offers a “carrot” of financial incentives designed to encourage supply chains to relocate to America (or, if not here, to one of the “like-minded” countries, including Australia, New Zealand, Japan, India, and South Korea).

Low-cost funding will be offered, via the U.S. International Development Finance Corporation (DFC), to companies seeking to acquire, develop, construct, or fund a project that “supports the production or supply of an industrial resource, critical technology item, or material that is essential to the national defense.”

(The term “essential to the national defense” is being interpreted rather broadly by the DEC: it includes supply chains for health and life science, as well as electronics, manufacturing, machine tools, industrial controls, raw materials, and advanced technologies.)

What about the stick?

Washington has used its trade policy with China as a blunt instrument.

The administration essentially banned two major Chinese electronics manufacturers, ZTE and Huawei, from US markets as part of its goal to ensure “decoupling” the domestic electronic parts supply chain from Chinese sources.

US government officials have been very suspicious of both of these companies, due to the working assumption that they fall under the direct control of the Chinese government, and thus, are a security risk due to embedded spy ware and the like (particularly Huawei, due its significant role in the development of the new 5G telecommunications equipment).

Looking to cement its relationship with the US (and to secure a desperately needed trade deal), the UK government has followed suit, announcing it would remove Huawei equipment from the current build out of its new 5G network.

(Interestingly, Downing Street is mum on potential security issues surrounding its massive $28 billion Hinkley Point nuclear power plant currently being constructed in the UK by France’s EDF and the China General Nuclear Power Corporation.)

Can We Avoid Triggering The Law Of Unintended Consequences?

In response to these trade challenges, China has pledged to become self-sufficient in electronics, with the long-term goal of eschewing all future purchases of American electronics products.

Read more…

Julia Solodovnikova
+1 800-251-1505
email us here

Source: EIN Presswire

Grammy® Nominee Eric Alexandrakis Releases New Album, Terra

TERRA was written and recorded around the world.

New Alternative Double Album Recorded On 16-Track Recording Format.

LOS ANGELES, CA, U.S.A., September 29, 2020 / — Grammy® nominated artist Eric Alexandrakis has announced the release of TERRA, his new double album comprised of 28 eclectic Alternative tracks. Coming on the heels of I.V. CATATONIA: 20 YEARS AS A TWO TIME CANCER SURVIVOR, which was nominated for a BEST-SPOKEN WORD at the 2019 Grammy® Awards alongside artists such as Michelle Obama and The Beastie Boys, Alexandrakis is, once again, pushing his creative skills beyond the established norm.

TERRA is a 28-track travel concept album whose sonic innovation tells a story with metaphorical whimsy. Alexandrakis composed and performed all of the music on TERRA on a 16-track recorder, with only one to two takes per recorded part. “Computers are a rabbit hole; using the 16-track pushed me to come up with the best ideas possible with what little I had to work with, and most of all, forced me to play and perform everything [with a little help from friends here and there including John Taylor (Duran Duran), Steve Ferrone (Tom Petty & The Heartbreakers, Duran Duran, George Harrison, Eric Clapton), composers/producers Starr Parodi & Jeff Fair, up and coming artist Isolde Fair, producer/engineer Kirk Kelsey (The Smashing Pumpkins, Keith Urban), and Eric's 13 year old son, who played drums on one song]".

Always pushing beyond established genres, this release shows off Alexandrakis' love of late 60's pop music, New Wave and soundtracks, perhaps an amalgamation of The Beach Boys meets Pink Floyd, meets Duran Duran. Written and recorded around the world, TERRA is a melodic snapshot of Alexandrakis' world, combining his love of music, travel and film, with the tracks representing his emotions, feelings and experiences. “Terra is essentially my world. We all have our own "Terra". Your experiences would sound much different than mine, and I'm excited to share mine.”

Highly creative since childhood, Alexandrakis is a student of all artistic disciplines. Along with his album releases, he composes for commercials, television, film, and has even charted nationally with two original Christmas songs and productions for other artists. He is also involved in film production, and was fortunate to have a film he conceptualized and scored, short-list at Cannes Lions in 2017 [PSYCHOGENIC FUGUE starring John Malkovich and directed by Sandro]. Alexandrakis was the first person in the industry to produce music on a digitally watermarked CD, and he continues to find innovative ways to express himself through his songwriting, productions, and company Minoan Music.

TERRA by Eric Alexandrakis is out now via Apple Music.

Gary Seven
Minoan Music
+1 7863484614
email us here
Visit us on social media:

Source: EIN Presswire

Texas Hill Country Estate Set for October 27th Auction

Interluxe Auctions Logo

Interluxe Auctions: 215 Majestic Ridge Aerial

Interluxe Auctions: 215 Majestic Ridge Aerial

Interluxe Auctions: 215 Majestic Ridge Pool

Interluxe Auctions: 215 Majestic Ridge Pool

Interluxe is pleased to offer the chance to own a piece of Texas Hill Country- estate previously listed at $3.8 million, now being sold at or above $1.2 million

SAN ANTONIO, TX, US, September 29, 2020 / — San Antonio, TX, September 29, 2020 — Interluxe, the nation's pioneering luxury real estate online auction company, is pleased to offer the chance to own a piece of Texas Hill Country. This Mediterranean masterpiece is a meticulously built private oasis. Previously listed at $3.8 million, now being sold at or above $1.2 million!

This custom-built private estate is a one-of-a-kind property! Situated on 9.16± gated acres (AG EXEMPT), you’ll be surrounded by breathtaking views of rolling hills from every angle. Featuring 4 bedrooms, 5 full and 1 partial bathrooms, this gorgeous villa is complete with a spacious amount of incredible construction and is being offered fully furnished.

This hilltop estate is located in the prestigious gated community of The Reserve at Falling Water. Located just between Comfort and Fredericksburg in the heart of the Texas Hill Country and just 15 minutes to Boerne and 35 minutes from The Rim of San Antonio.

Every inch of this home is well thought out with meticulous details and exquisite craftsmanship evident throughout. Unique features include a massive moving glass wall system for a seamless transition from indoors to outdoors, a rotunda spiraling staircase, radiant heated floors, media/game room, theater room, exercise room, gourmet chef’s kitchen, 3 fireplaces, an expansive outdoor living area with pool and spa, and a circular drive with 3-car garage.

Gracious living and entertaining are accommodated in this home with several grand living areas, including elegant living room with built-ins, an impressive dining room, and an inviting family room with a brick hearth fireplace. Master suite is your own oasis with sitting area, outdoor access to a large balcony, exercise room, massive walk in closet, bathroom with dual vanities, walk in shower and whirlpool spa bath. Outdoor entertaining area is complete with an outdoor kitchen, infinity edge pool with a hot tub, a large covered patio, mature trees, special yard lighting and several lavishly furnished outdoor seating areas.
“After having our home on the market for a couple of years with no results, we decided it was time to take control. After evaluating our options, we decided to auction with Interluxe because of their innovative ideas and fresh approach to marketing our property in addition to their long-proven track record of results” according to the Sellers. Using an online auction is a great way to sell your luxury property in a defined time period. “The auction itself creates a sense of urgency for buyers and allows sellers to achieve the market value or more for their property,” said Scott Kirk, President of Interluxe.
Prospective buyers and representatives are welcome to visit the property Friday, October 23rd through Sunday, October 25th. Brokers are fully protected! More information about the property including due diligence and procedures for registering to bid can be found at To make an appointment to view a property, call the Interluxe Auction Manager at (888) 415-5893.

See Auction Terms and Conditions at for full details.

About Interluxe:
Interluxe is the next step in the evolution of the real estate industry. Its streamlined and intuitive online platform allows motivated sellers, qualified buyers and seasoned agents around the world to interact, facilitate transactions and achieve the best possible outcomes, all within 45 days. Interluxe is the preeminent luxury online auction platform of its kind and since its founding in 2013, Interluxe has represented properties in 27 states and territories throughout the U.S. and abroad and is expanding to more international territories. Interluxe boasts an exclusive private client list that has been compiled and curated over 20 years that is arguably the most valuable in the industry. More information is available at

# # #

Alex Goodman
+1 888-415-5893
email us here
Visit us on social media:

Source: EIN Presswire

A Personal Mission for Educational Improvement

Alex Geordan Superintendent: A Personal Mission for Educational Improvement

CANFIELD, OH, UNITED STATES, September 29, 2020 / — Alex Geordan Superintendent has traveled a very long road in the education field and has no current interest in quitting anytime soon. Starting his teaching career in 1994, he has evolved from a primary grade school teacher to a top-notch administrator with multiple accolades for his achievement in not just running schools but effectively improving their performance as well.

Getting Started in Education

When he started off as a second-grade teacher at Devon Elementary School in Warren, OH, Alex Geordan Superintendent had completed his bachelor of science in elementary education and achieved his teaching credentials. Here he was, now in front of a classroom of 20-30 young faces and figuring out what his curriculum was going to be for the next nine months. Some short four years later, Alex Geordan had catapulted from an entry-level teaching position to a master’s degree in education administration and then an assistant principal position. By then, Alex Geordan was already a veteran of both grade school and junior high teaching, and well on his way to becoming a seasoned school superintendent as well.

Alex Geordan Superintendent Administrator Tenure

By the early 2000s, Alex Geordan Superintendent was established as a working and experienced principal for Vaughn Elementary School. He spent 4 years approximately as the head administrator of that institution before moving up in grades and taking the principal role at LaBrae Middle School. In 2008, Alex Geordan Superintendent then jumped up further to the superintendent over the Pymatuning Valley Local School District. That tenure only lasted for about three years, but in the short time window, Alex Geordan Superintendent was able to lead a significant performance increase for the District, raising 15 indicators out of 26 in its district report card assessment to a total of 23 scores of 26 passing, an improvement from a prior 61 percent score to over 88%.

Always Working, Even in the Summers

There was never a downtime for Alex Geordan Superintendent either. Even during the off-months when most teachers have a break from teaching and are working on personal development, he was busy teaching still and covering summer classes. And that was in addition to serving on the district committee for language arts as well. Even sports saw Alex Geordan Superintendent’s impact as we performed four different coaching roles at Warren G. Harding High School and LaBrae Middle School for football, basketball, and baseball. The bottom line, Alex Geordan Superintendent hit the local educational system like a freight train and never stopped delivering on commitment and improvement of teaching service.

Currently looking for the next opportunity to make an impact, Alex Geordan Superintendent is not ready to quit education. It’s his personal mission and career, and he’s not done yet giving back to students and schools.

Caroline Hunter
Web Presence, LLC
+1 786-233-8220
email us here

Source: EIN Presswire

Spain-Based Mahou San Miguel Supports US Hospitality Clients with Sale of “Vinyls for Good,” a Solidarity Vinyl Record

A Global Initiative from Spain to Help Revitalize the Hospitality Industry

Vinyls for Good provides the opportunity for us – through music – to support our American clients in these complicated times.”

— Erik d´Auchamp

NEW YORK, NY, USA, September 29, 2020 / — Mahou San Miguel (Mahou), the leading beer company in Spain which has had a presence in the US for over 10 years, has launched “Vinyls for Good,” an initiative to support its hospitality sector clients in the US and around the globe which have been affected by the global pandemic crisis. The initiative is part of Mahou’s Global Support Plan, and consists of distributing the record to Mahou client establishments in Florida, New York, Virginia, Pennsylvania, Maryland, and Washington DC. All proceeds from vinyl sales will be kept by the participating American bars and restaurants to help reduce the economic impact of the pandemic.

The company is including music in its initiative in order to draw a connection with its clients and help them during these difficult times.

“Music and Mahou have always gone together,” said Erik d´Auchamp, general director of the Mahou San Miguel’s International Business Unit. “Vinyls for Good provides the opportunity for us – through music – to support our American clients in these complicated times. Our focus is on the reactivation of businesses, which Mahou feels deeply committed to. To support our industry clients is to contribute to the recovery of the economy of the country.”

The record, which is already for sale in over 150 establishments, was developed in collaboration with NYHed Studio in New York. The vinyl features two songs by the Spanish band Go Cactus. Go Cactus has played in major music festivals like SXSW in Texas and was featured by Youtube Music as one of 2019´s essential music groups of the moment.

To learn more about Mahou and “Vinyls for Good,” please visit:

Mahou Group in the US
The United State is one of Mahou San Miguel’s strategic markets and one of the key elements in its global strategy. The company has two production centers in the country, and two craft brewery partners: Avery Brewing and Founders Brewing. It has a team of more than 160 professionals, and its main brands, Mahou, Alhambra and Solán de Cabras, are found in more than 2,000 restaurant and bar locations throughout the country.

About Mahou Group
A 100% Spanish family-owned company, Mahou Group is the leader in the brewery sector in Spain and has had a presence in the US for more than 10 years. Mahou Group has a wide portfolio of beers including Mahou Cinco Estrellas, San Miguel Especial y Alhambra Reserva 1925. It also has craft beer partnerships with Founders Brewing and Avery Brewing, and its spring water Solán de Cabras. Globalization is one of the strategic axes for the development of Mahou’s business. The company produces more than 70% of the Spanish beer consumed in the world and has a presence in more than 70 countries.

Morgan Whitehouse
Campbell Consulting Group
+1 802-373-4686
email us here

Source: EIN Presswire

U.S. House Passes Anti-Doping Bill to Reform American Horse Racing

Horseracing Integrity and Safety Act | Photo: Jana Germano

Horseracing Integrity and Safety Act | Photo: Jana Germano

Hall of Fame Jockey Chris McCarron with Animal Wellness Action Executive Director Marty Irby in Saratga Springs on Saturday Discussing Horse Protection Issues

Hall of Fame Jockey Chris McCarron with Animal Wellness Action Executive Director Marty Irby in Saratga Springs on Saturday Discussing Horse Protection Issues

AWA executive director Marty Irby testifying at a House hearing on H.R. 1754 in January 2020

AWA executive director Marty Irby testifying at a House hearing on H.R. 1754 in January 2020

Animal Wellness Brands Logo

Legislation Mirrors McConnell Introduced Bill in the U.S. Senate

Doping of athletes in sport to enhance performance is widely recognized as a form of cheating in human competition.”

— Marty Irby, executive director at Animal Wellness Action

WASHINGTON, DC, USA, September 29, 2020 / — Today the U.S. House of Representatives passed H.R. 1754, the Horseracing Integrity and Safety Act, led by U.S. Reps. Paul Tonko, D-N.Y., and Andy Barr, R-Ky. by a voice vote. H.R. 1754 mirrors legislation recently introduced by U.S. Senate Majority Leader Mitch McConnell, R-Ky., and Senators Kirsten Gillibrand, D-N.Y., Martha McSally, R-Ariz., and Diane Feinstein, D-Calif. and promises to end the era of widespread doping of horses in Thoroughbred racing in America.

The Horseracing Integrity and Safety Act includes a ban on race-day doping, the establishment of a uniform national standard for rules and regulations for U.S. horseracing that would be overseen by the U.S. Anti-Doping Agency (USADA). The Horseracing Integrity and Safety Act (HISA) is landmark legislation that would directly address the safety and welfare of racehorses, and the integrity of the sport itself, through better anti-doping measures and racetrack safety standards.

“Doping of athletes in sport to enhance performance is widely recognized as a form of cheating in human competition,” said Marty Irby, executive director at Animal Wellness Action who testified before Congress on the issue in January. “It’s equally wrong and even more dangerous for the athletes involved to allow widespread doping in American horse racing, and we call on the U.S. Senate to swiftly pass this measure that will put the welfare of the horse at the center of the enterprise.”

“After nearly six years working to advance this bipartisan legislation to modernize horseracing in the United States, we are at long last rounding the final turn,” said U.S. Rep. Paul Tonko, D-N.Y. “Our Horseracing Integrity and Safety Act puts the health and well-being of our equine athletes and jockeys firmly at the center of the sport and delivers commonsense medication and track safety standards that will lift this noble sport to higher standards of integrity and safety. These long overdue reforms will help restore public trust in the sport and put it on a path to a long and vital future, supporting countless jobs and driving economic activity in communities across our nation. I thank my longtime collaborator and friend, Congressman Barr, for leading with me in this effort to restore integrity to our sport of kings. I urge my colleagues in the Senate to advance their companion legislation without delay and deliver it swiftly to the President to sign into law.”

“We applaud Reps. Tonko and Barr for reminding the nation that horses and jockeys, who are the athletes at core of the sport, should be our top priority when it comes to safety standards in racing,” added Wayne Pacelle, president of Animal Wellness Action, who testified in favor of the original anti-doping legislation more than six years ago. “We call on the Senate to saddle up and swiftly pass this measure that makes sense for animal welfare and the health and welfare of the jockeys who ride these majestic creatures.”

The doping of American racehorses has been the subject of Congressional attention over the past five years with hundreds of horses dying on racetracks weekly, and the indictment of 37 trainers and veterinarians in March of 2020.

The bill has the support of Animal Wellness Action (AWA), the Animal Wellness Foundation (AWF), and key players throughout the horse racing industry, including all three Triple Crown racetracks. Churchill Downs, which runs the Kentucky Derby, is the most recent corporation to get on board. The effort continues to enjoy the support of the Coalition for Horse Racing Integrity (CHRI), which includes The Jockey Club, the Breeders Cup, Keeneland Racecourse, the Thoroughbred Owners & Breeders Association, the Water Hay Oats Alliance, and AWA and AWF.

The patchwork of regulations across the U.S.’s 38 racing jurisdictions has undermined the public’s confidence in horseracing, threatened the integrity of competition, and endangered the human and equine athletes. Enactment of the HISA will address these problems head on while helping to enhance the public’s interest in this very important industry. For the safety of the horses and jockeys, and for the sport of horseracing itself, American horseracing needs the Horseracing Integrity and Safety Act of 2020.

Key Provisions
In order to create these uniform performance and safety standards for the sport of horseracing, the HISA creates the Horseracing Integrity and Safety Authority, which is a private, independent, self-regulatory, nonprofit organization. It will not be funded by the federal government – the horseracing industry will pay the funds necessary for the establishment and administration of the Authority. The Authority is tasked with developing and implementing both a horseracing anti-doping and medication control program and a racetrack safety program.

Composition of the Authority
The Authority will be governed by a Board of Directors consisting of nine members. Five of those members will be independent of the industry, and four members will be experts from the following sectors of the industry: owners and breeders, trainers, racetracks, veterinarians, State racing commissions, and jockeys. To assist with the development of these programs, the Board will establish an anti-doping and medication control standing committee and a racetrack safety standing committee, both controlled by independent members outside the industry. All independent members of the Board and standing committees will be subject to strict conflict-of-interest standards.

Anti-Doping Program
The Authority will be required to create a set of uniform anti-doping rules, including lists of prohibited substances and methods, protocols around the administration of permitted substances, and laboratory testing accreditation and protocols. These permitted and prohibited substances and practices will be developed after taking into consideration international anti-doping standards and veterinarian ethical standards, along with consulting racing industry representatives and the public. The new nationwide rules would replace the current patchwork of regulatory systems that govern horseracing’s 38 separate racing jurisdictions. For services related to the enforcement of this program, the Authority shall enter into an agreement with the U.S. Anti-Doping Agency, which has a proven track record of conducting anti-doping and medication control activities for all U.S. Olympic athletes and its approach can easily be adapted to horseracing.

Racetrack Safety Program
To protect the health and safety of racehorses and jockeys, the Authority will also create a racetrack safety program, consisting of a uniform set of training and racing safety standards and protocols. Those standards include racetrack design and maintenance, oversight of human and equine injury reporting and prevention, and the procedures for undertaking investigations at racetrack and non-racetrack facilities related to safety violations. The Authority creates an accreditation program to ensure that racetracks comply with these safety procedures, and in order to continue to gather information on racetrack safety, the Authority will establish a nationwide database of racehorse safety, performance, health, and injury information within one year of the establishment of the program.

Animal Wellness Action (Action) is a Washington, D.C.-based 501(c)(4) organization with a mission of helping animals by promoting legal standards forbidding cruelty. We champion causes that alleviate the suffering of companion animals, farm animals, and wildlife. We advocate for policies to stop dogfighting and cockfighting and other forms of malicious cruelty and to confront factory farming and other systemic forms of animal exploitation. To prevent cruelty, we promote enacting good public policies and we work to enforce those policies. To enact good laws, we must elect good lawmakers, and that’s why we remind voters which candidates care about our issues and which ones don’t. We believe helping animals helps us all.

The Animal Wellness Foundation (Foundation) is a Los Angeles-based private charitable organization with a mission of helping animals by making veterinary care available to everyone with a pet, regardless of economic ability. We organize rescue efforts and medical services for dogs and cats in need and help homeless pets find a loving caregiver. We are advocates for getting veterinarians to the front lines of the animal welfare movement; promoting responsible pet ownership; and vaccinating animals against infectious diseases such as distemper. We also support policies that prevent animal cruelty and that alleviate suffering. We believe helping animals helps us all.

Marty Irby
Animal Wellness Action
+1 202-821-5686
email us here
Visit us on social media:

Source: EIN Presswire

Acclaimed Bankruptcy Attorney, Timothy McFarlin, on Banks Prepare for Unprecedented Wave of Consumer Bankruptcy Filings

Timothy McFarlin

By Timothy McFarlin

LOS ANGELES, CA, UNITED STATES, September 29, 2020 / — With a global economic shutdown, most people are aware of the incredible wave of large company bankruptcies including some of the most well-known household names in retail, hospitality, energy and restaurant chains. What has not been discussed is the coming wave of consumer filing for which banks are bracing for.

Obviously the tens of thousands of employees of these well-known companies will be directly affected, but have been temporarily propped up by enhanced unemployment benefits and other programs, however according to Jefferies, a Diversified Financial Services Company, the consumer bankruptcies are sure to follow. Jefferies expects not only a surge in consumer bankruptcies, but a surge of unprecedented proportions.

Back in July virtually all large commercial banks such as JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC) tightened lending standards to prepare for the coming wave of consumer filings. Large banks set aside tens of billions of dollars to cover these expected losses. Quite simply, the tsunami of consumer bankruptcies may be the largest year over year increase ever according to Acclaimed Bankruptcy Attorney Timothy McFarlin, one of the largest filers in California’s Central District.

High risk commercial loans, and those owners who guaranteed them will likely be the first group to begin filing according to Attorney Timothy McFarlin. In fact, this wave would have already hit, and hit hard but for the federal stimulus packages, but this is just a band aid. Tens of billions of dollars will have to be discharged, it may be delayed by helicopter money, but this debt is not going away. So brace for impact.

If you are a Consumer or Business considering Bankruptcy, there’s never been a better time. Under current guidelines, Consumers can file bankruptcy without even leaving their home, it’s all done through phone and email due to COVID restrictions.


Timothy G. McFarlin | McFarlin LLP
Founding Attorney, Partner
Call 949-570-5025

Timothy G. McFarlin is an attorney at McFarlin LLP who practices many areas of law, including real estate law, debt reorganization, bankruptcy, business litigation, consumer law, and mortgage litigation. Clients range from individual consumers to large national corporations.

Mr. McFarlin has previously worked for the Honorable Christopher M. Klein, Chief US Bankruptcy Court Judge, Eastern District of California as a judicial extern. Additionally, Mr. McFarlin also worked for Charles W. Daff, Chapter 7 Bankruptcy Trustee in the Central District of California, in areas of law related to Business Law, Consumer Bankruptcy, Commercial Bankruptcy, and Foreclosures. Mr. McFarlin maintains a strong working relationship with Chapter 7 Trustees as well as the US Trustee.

Mr. McFarlin is admitted to practice law before all Superior and Federal Courts in the State of California, including the Southern District of California, Central District of California, Northern District of California, and Eastern District of California. Mr. McFarlin has filed cases in, and practiced before, all Federal Courts in California.

Mr. McFarlin is a member of the Orange County Bar Association and has been a speaker at Orange County Bar Association Events, Real Estate Division on matters related to foreclosures, mortgage litigation and short sales. McFarlin has previously been a member of National Association of Bankruptcy Attorneys and has also been cited and quoted by National Publications (including USA Today), as well as a variety of local publications such as the Orange County Register on topics related to bankruptcy and foreclosure.

Mr. McFarlin graduated from the University of California at Los Angeles (UCLA) with a B.A. degree in Economics, and an emphasis in Accounting. Mr. McFarlin received his J.D. from the University of California at Davis (King Hall). Mr. McFarlin focused specifically on reorganization and bankruptcy, litigation, and business law.

Aurora DeRose
Boundless Media Inc.
+1 951-870-0099
email us here

Source: EIN Presswire

Embracing Change for Dynamic Growth with Frank Bucher, COO of Formaspace

embracing change for dynamic growth

Frank Bucher joins Sid Meadows in The Trend Report podcast to discuss how Formaspace has transitioned their business to thrive despite the turn in the economy.

We’re really good at translating the clients’ needs into a custom solution that will fit their business. ”

— Frank Bucher

AUSTIN, TEXAS, UNITED STATES, September 29, 2020 / — There isn’t an industry on the planet that hasn’t been hit by the pandemic, but there are many businesses that are now thriving despite the turn in the economy. Why have some businesses flourished while others have floundered?

Frank Bucher, COO at Formaspace, joins Sid Meadows in his The Trend Report podcast to discuss how Formaspace has transitioned their business to have better reaction times and amazing customer service, allowing them to thrive in this time.

What sets Formaspace apart from other companies just like them?

Sid: Hey there. Welcome to today’s Trend Report Podcast. I’m glad you are joining us for what is going to be another great conversation with an industry leader, and I’m happy to welcome Frank Bucher with Formaspace to the podcast today. Hey Frank, how are you?

Frank Bucher: Great, thanks for having me Sid, how are you today?

Sid: Great. Thank you sir. First, I think we’ll start this conversation off with a big congratulations to you and your big promotion to the chief operating officer at Formaspace. That’s great.

Frank Bucher: Appreciate it.

Sid: Frank, tell us a little bit about your journey, who you are, and what is Formaspace, what do you guys do?

Frank Bucher: I’ve been in the business since 95, which feels like a lifetime ago. I started out in a dealer to sales capacity and then migrated my way over to the manufacturing sides, a balance of my career seven or eight years with Teknion, and then over to H&I, in various roles. Then, you and I had the pleasure of working together at AIS for a small time. After that, I was over at Baker manufacturing for about three years. My last stop before Formaspace was with BKM in Texas, helping out to run the Steelcase sales and marketing piece of the dealership. And then, I’ve been with Formaspace for a little over three years. Started out just in sales and marketing, but then in July, I’ve taken over a more expanded role where I’m running a lot of the business. So it’s been great, we have two different sides of our business. One is lab and industrial furniture, and that’s sort of our historic business, our heritage business, if you will. And the other side, which is very emerging, is custom office furniture.

Sid: So you’ve had a great journey learning a lot about our industry, and in a variety of different roles. And then you landed in a lab manufacturer, industrial products. And if I’m not mistaken, weren’t you kind of the catalyst for them to get into the custom office?

Frank Bucher: Yeah, it’s a good question. Jeff Turk, the owner, had really kind of done business with a bunch of dealers, especially out West. One Workplace was a real big dealer for us. And they were really the ones who were telling us that the industrial benches and lab furniture that we’re selling is really popular on the office side of the fence. A lot of architects, designers love that sort of industrial look and they have coined it industrial steam punk to begin with because it did have that really cool, fun look to it. So we had dipped our toe into it. I was brought on board right before NeoCon three years ago. My charge was to get independent reps on board and develop and build out that strategy. So they had the momentum, and I was the guy to get on, right as the wave was starting to crest, and really help us lean into and leverage what we were doing on that side of the fence.

Sid: Great. So obviously, as we all know right now, things are a little bit crazy in the world. Some people are emerging out of the COVID shut down, some are not. Tell me what it’s been like for you guys during the last six months.

Frank Bucher: It’s been a lot of uncertainty for everyone. I know we’ve been very fortunate, very blessed with both sides of our business being so radically different. On the lab and industrial side, we’ve seen that labs are shutting down. In fact, they’re going the opposite way. A lot of life scientists have to continue working. We’ve seen a lot of people on the educational side of the fence that have taken this opportunity to redo labs that they’ve been wanting to do for years. And they just couldn’t, because students were continually coming, cycling through. Then on the office side we’ve been pretty successful because people know that we’re a custom manufacturer and there’s a lot of uncertainty right now and they don’t know what they want and they know that we’re good at that. We’re really good at translating the clients’ needs into a custom solution that will fit their business. Through August 30, first of this year, we’ve booked more business than we did all of 2019. So we’re up double digits year over year. And we’re very fortunate to have great dealer partners, great end customers, really good raving fans in the architectural and design community as well.

Sid: You guys should be congratulated for that. Your sales are up. And even before the year’s over, you’ve exceeded last year sales, which is fantastic because there’s not a lot of people that can say that and we all read their reports. We all see the news that comes out about the decline in sales. Frank, what do you really attribute that growth to? What was it that really got you there?

Frank Bucher: That’s a great question because I get that a fair amount and I would tell you, we’re very fortunate. Number one, because the way our business model is set up, like I said before, we have two different sides of our business. So that certainly helps, when one side might be down a little bit, the other side certainly is keeping a pace, but we’re fortunate, both sides were surging. We are really a company that’s geared to talk to customers about solutions. We’re not really a standard product company. We have some standard products, but really people look at our standard products and say, okay, I get it. I get what you can do. Now, what I really want is this, I really want you to make this. I want you to make it a little bit bigger. I want you to brand this. So we’re very fortunate that people in this environment now have really come to us and really embraced the materials that we use.

We recognized early on that sneeze guards were going to be a really high demand item. And so we’ve been working with acrylic, we’ve been working with PETG, we’ve been working with HDPE, a lot of different types of materials. I think that gave a lot of our customers a lot of comfort.

The other effect that we didn’t realize was that now this opened up the door to people who had never had an experience with Formaspace. They didn’t know what we could do, or the customization ability of our products, or how we would really embrace what they wanted and give them something that’s a deliverable product in a much sooner timeframe than most of our competition. So now what we’re starting to see is our dealer partners are coming to us for other things that we hadn’t even considered because they’ve had a good buying experience and we’ve really been able to custom tailor things.

The other piece of it too, is the way our business is structured. We have an engineering and industrial design team in house, so we don’t have to outsource those functions. I can really line our business model and line our functions up so that when a customer says, hey, this is what I want – we can take that, translate it and get them some drawings fairly quickly so that they can sign off and have a reasonable facsimile of what it would look like. And then get an order in a quicker fashion than you typically would with custom products.

Sid: So there’s several things you said that I think are really interesting. First off, you said diversity is key. And that really helped you grow – being diversified, working in multiple vertical markets.

Frank Bucher: Absolutely. One great example of that was General Motors. General Motors called us and they came to us when they had a partnership with Ventech to start building ventilators and their Kokomo, Indiana facility that we’re going to repurpose. They needed lab benches and they needed them quickly. So we were able to take our entire production schedule and we worked pretty diligently to make sure that we could make room for General Motors. We started shipping about a day after they called us. I think it was basically a day or two business days to get everything set. We started shipping full truckloads for close to 30 days to fulfill this order for them. Being diversified and working on that side of the fence allowed us to be essential and keep our factory open and still to serve as a lot of customers on the office side. So having that diversity and that balance was huge for us on a lot of levels.

Sid: That’s great. And Frank, did I hear you say correctly, you started shipping products to General Motors within days of them calling you?

Frank Bucher: Yeah, they reached us on a Sunday night, and I have to give kudos.

Read more…

Julia Solodovnikova
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Source: EIN Presswire

Career Cabinet Maker Credits Global Cabinet Supply Components as a Cut Above

Jim Russell, owner of James Russell Co. near San Francisco, only uses Global Cabinet Supply for all his cabinet components. GCS components are cut precisely and slide-to-lock together perfectly without any hardware showing.

Jim Russell, owner of James Russell Co. near San Francisco, only uses Global Cabinet Supply for all his cabinet components. GCS components are cut precisely and slide-to-lock together perfectly without any hardware showing.

Global Cabinet Supply slide-to-lock components give James Russell Co. a competitive advantage

Assembly takes about a third of the time using GCS components. I learned this slide-to-lock method was absolutely WI certified and works perfectly for commercial cabinets.”

— Jim Russell, James Russell Co., Owner

SAN RAFAEL, CALIFORNIA, USA, September 29, 2020 / — Jim Russell completes one commercial project a month, with up to 50 new cabinets at each job. He works with four contractors that keep him busy supplying commercial cabinets in a 20 mile radius of his shop close to San Francisco.

Working with cabinet components from many suppliers over a 30 year span, he now uses only components supplied from Global Cabinet Supply (GCS). The founders of the Hayward, California company, Bryan Koelling and Daniel Savage, co-invented the slide-to-lock, hidden Lockdowel fastener method in 2015, and started GCS three years later.

At first Russell was skeptical about using the new fastening method. Before choosing GCS his company used components with dowels and confirmats. “I’ve used most every kind of component method available. I couldn’t believe a system this unique could be WI certified,” Russell says.

Javier Escobedo, Global Cabinet Supply’s VP of sales, convinced Russell to use components for one project. After completing that job, Russell determined that his business, James Russell Co., would use only this method, and only this company. “GCS components are cut precisely and fit together perfectly. Edgebanding is flawless and machining for hardware is exact.”

Russell revealed that GCS components give him his competitive advantage over other cabinet companies. “Assembly takes about a third of the time using GCS components,” Russell says. “I learned this slide-to-lock method was absolutely WI certified and works perfectly for commercial cabinets. That’s all my company does – nothing else.”

Cabinets are assembled in the James Russell Co. shop, delivered to the job site, then installed. “Cabinets are square, very strong and the installs go smoother and faster. All said, it’s a great package.”

Smooth cabinet sides without showing any hardware was a primary factor in switching to GCS components for Russell. “The outside of the end panels are not compromised with exposed connectors, leaving a clean, smooth panel.”

Jim Russell adds he’s been a cabinet maker for his entire career and he still enjoys going to work every day. “I told my daughter I can’t believe I get paid to do this!”

To contact Global Cabinet Supply Inc. email: — or call: 855-326-1213.



MaryLynn Heath
ML Heath, PR
+1 405.641.9733
email us here

Source: EIN Presswire

New Trailer Launched and Tickets Available Today for Upcoming Documentary Exploring “Finding God in an Age of Science”

Against the Tide Key Art

Kevin Sorbo and John Lennox Explore Caesarea Philippi

Kevin Sorbo and John Lennox Enter Green Templeton College

Oxford Professor Dr. John Lennox and Veteran Actor Kevin Sorbo Travel the Globe Highlighting How Science and History Support Scripture in "Against the Tide"

This film is a master-class in understanding and combating the atheist manifesto.”

— Kevin Sorbo

FRANKLIN, TN, USA, September 29, 2020 / — On November 19, the documentary motion picture AGAINST THE TIDE: Finding God in an Age of Science will be showcased in theaters nationwide for a special one-night-only event. Today, as ticketing launches across the country, the team at Pensmore Films is also unveiling a compelling new trailer, which can be viewed here.

AGAINST THE TIDE takes viewers on a journey, following acclaimed University of Oxford mathematician, author, and philosopher Dr. John Lennox and veteran Hollywood actor, director, and producer Kevin Sorbo (Hercules, GOD’s NOT DEAD, Supergirl) as they travel from Oxford to Cambridge to Israel, experiencing firsthand many of the sites and facts that are essential to understanding the complementary relationship between science and faith. 

“It was an honor to spend significant quality time with Prof. Lennox while working on AGAINST THE TIDE. That alone was an opportunity that I couldn’t refuse,” shares Sorbo. “This film is a master-class in understanding and combating the atheist manifesto. I know it will be a thought-provoking asset to anyone who seeks to have a deeper understanding of the wonder of Scripture and sees the need for Christians to be confident in defending what they believe."

An internationally renowned speaker and author on the interface of science, philosophy, and religion, Lennox has dedicated his life to standing up against the rising tide of atheism by sharing the rational foundations of his belief.  The film acts as biography and travelogue, sharing what has inspired and fueled this passion to present compelling evidence that science and history not only align with scripture but actively support the biblical narrative.  

In AGAINST THE TIDE, Lennox breaks down the arguments and issues most often cited in apologetics debates, reflecting on several very public, sold-out encounters he has had with well-known atheists Richard Dawkins, Christopher Hitchens, Peter Singer, and Michael Shermer, among others. Sorbo probes Lennox on the issues, and together they discuss, dissect, and discover answers to the most compelling apologetics questions.

Created by Pensmore Films and Kharis Productions, and distributed by Fathom Events, AGAINST THE TIDE is certain to be a legacy resource for homeschool groups, churches, Christian schools, and science and apologetics-loving people of faith for decades to come.

For more information, purchase tickets, or to register for movie updates, please visit:

About John Lennox:
Dr. John Lennox, professor emeritus of mathematics at the University of Oxford, is an internationally renowned speaker and author. His books, which span the fields of science, philosophy, and religion, include God’s Undertaker: Has Science Buried God?, God and Stephen Hawking, Can Science Explain Everything?, Gunning for God, Where Is God In A Coronavirus World? and, 2084: Artificial Intelligence, the Future of Humanity, and the God Question. Prof. Lennox has traveled the world defending the rationality of Christianity and belief in God, and has debated some of the world’s most prominent atheists, including Richard Dawkins, Christopher Hitchens, and Peter Singer, among many others. Throughout, Lennox stands firm: “Properly understood, the evidence inexorably points to the existence of a creator God.”

About Kevin Sorbo:
Kevin Sorbo, a more than 30-year veteran Hollywood actor, director, and producer is best known for his lead roles in Hercules: The Legendary Journeys, one of the highest-rated syndicated television programs in the world, as well as for TV series Andromeda and Supergirl, and motion pictures God’s Not Dead and Let There Be Light, among many, many others. “I am frequently berated by Hollywood compatriots for my Christian faith,” Sorbo says. “Bringing Against The Tide to the screen seemed a great opportunity to learn how to respond from a master in turning the atheist manifesto on its head. Furthermore, I get to appear as ‘myself!’”

About Pensmore Films:
Pensmore Films develops and produces motion pictures and multimedia releases on some of the most important existential topics of today – the credibility, validity, and relevance of the Christian worldview, and its complementary relationship with science and the universe.  An outgrowth of the nonprofit Pensmore Foundation, Pensmore Films produces movies, such as Against The Tide, through which it seeks to dispel misinformation and strengthen understanding of the most important questions about human existence and purpose. 

About Kharis Productions:
Kharis Productions is an independent film and television production company based in Hamilton, Scotland. With noted achievements in documentaries, docudrama, Children’s TV, feature film, news, current events, and training, Kharis has developed a particular expertise in religion and education projects. The Kharis team has produced programs for most UK broadcasters as well as several overseas broadcast networks. 

About Fathom Events:
Fathom Events is the leading event cinema distributor with theater locations in all top 100 DMAs® (Designated Market Areas) and ranks as one of the largest overall theater content distributors. Owned by AMC Entertainment Inc. (NYSE: AMC); Cinemark Holdings, Inc. (NYSE: CNK); and Regal Cinemas, a subsidiary of the Cineworld Group (LSE: CINE.L), Fathom Events offers a variety of unique entertainment events in movie theaters such as live performances of the Metropolitan Opera, top Broadway stage productions, major sporting events, epic concerts, the yearlong TCM Big Screen Classics series, inspirational events, and popular anime franchises. Fathom Events takes audiences behind the scenes for unique extras including audience Q&As, backstage footage, and interviews with cast and crew, creating the ultimate VIP experience. Fathom Events live Digital Broadcast Network (“DBN”) is the largest cinema broadcast network in North America, bringing live and pre-recorded events to 1,010 locations and 1,628 screens in 182 DMAs. The company also provides corporations a compelling national footprint for hosting employee meetings, customer rewards events, and new product launches. For more information, visit

Lori Heiselman
Biscuit Media Group
+1 714-553-5181
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Trailer – Against the Tide

Source: EIN Presswire