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Curt Prendergast of the Nogales International updates readers on the ongoing problem that Arizona's international businesses are having with major banks pulling out of border communities:
On Feb. 10, Sens. John McCain and Jeff Flake, both Arizona Republicans, called for a hearing before the Senate Committee on Banking, Housing and Urban Affairs to examine the banks’ pullout from states bordering Mexico. More locally, a Nogales delegation spoke at the Arizona Senate’s Financial Institutions Committee on Feb. 4.The senators’ request came after several large banks reduced or eliminated their branches in Nogales and elsewhere along the border in recent years. In Nogales, Banamex USA, a subsidiary of Citigroup, closed its branch, while JP Morgan Chase closed one of its branches, and Bank of America pulled out entirely. In addition, Chase closed about 2,500 commercial accounts in Mexico in 2013.
Owners of cash-intensive businesses have expressed “serious concern” about the bank closures, McCain and Flake wrote to the senate committee on Feb. 10, citing “burdensome regulatory compliance costs and the potentially indiscriminate application of anti-money laundering regulations.”
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As part of the proposed review process, members of the committee would hold public meetings across the state. All public comment received at those meetings would be analyzed and used to generate proposed changes. Before submitting final recommendations to the State Board of Education, the committee would seek feedback at an additional series of public hearings.“This process will ensure that the academic goals created for students are set by Arizonans, for Arizonans,” Douglas said. “I hope to partner with legislators, parents and educators to ensure as smooth a transition as possible so that teachers can get back to teaching and students can get back to learning.”
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The Arizona Senate voted 17-12 to advance a bill that prohibits women from buying health insurance coverage that covers abortion via the federal insurance marketplace established by the Affordable Care Act.
The legislation, which I wrote about in this week's Skinny, was amended to allow women to purchase policies that cover abortion in cases of rape and incest.
But SB 1318 blocks women from obtaining abortion coverage even if they pay extra for the policy on the assumption that the underlying policy is subsidized by the federal government, so even if the cost of the additional abortion coverage is covered by the woman who wants to purchase the policy, women are somehow enjoying a taxpayer subsidy if they choose to terminate their pregnancy.
The bill now moves the Arizona House of Representatives.
Fully Operational Business
Low Overhead
2 Entrances
Private, Enclosed Parking Lot
Split into 2 Rooms with a 3rd Room Reception Area
Lounge and Retail Can be Separated
Reverse Glass on 2 Doors
Possibly take over Insurance Policy
Central Alarm
Monitored 24/7
Motion Sensor and Panic Button
Intelligent Control Panel with Remote Access
Security Camera System
4 Cameras, Monitor and DVR
Internal and Cloud Storage w/Remote Access and Viewing
Air Conditioning and Heating and a Swamp Cooler
Private Office with 2 Doors
Internet and Phone via COX Business
Router set to Provide Free WI-FI
Sharp 207 Programmable Cash Register
possibly take over Card Merchant Services through Wells Fargo with Additional Operating Accounts
Accept Any Card/Chipped Card
Large Depository Safe - New in Box and Ready to Mount to Floor
Large Granite "L" Shaped Bar
4 Seating Booths
Several Couches, Chairs and Tables
Mobile Stage
Unisex Restroom
3 Large Stained Glass Mosaics
Ceiling Fans
Refrigerator and Bar Sink
Pepsi Cooler, Sparkletts Water and Coffee (w/Contract)
Several Display Cases
Existing Inventory
Many Hookahs, Shisha, Coals and Accessories
E-Cigarettes and Vaporizers
Smoke Shop Items
Signs, Banners, Flags, Open Signs
Next to a Friendly and Inexpensive Neighborhood Bar
All Needed Tax Codes are Current for 2015
No Restrictions on Hours of Operation
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