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Tag: DST

  • Daylight Saving Time: How would permanent DST impact you?

    Daylight Saving Time: How would permanent DST impact you?

    By Sarah-Grace Mankarious, Marco Chacón and Taylor Su, CNN

    March 10, 2023

    Starting in March, most of the United States prepares for clocks “to spring forward” — better known as Daylight Saving Time, or DST. It’s that time of year when your oven clock needs manual adjusting as well as that wristwatch you wear on special occasions. Not every part of the US makes the switch on the second Sunday in March — most of Arizona doesn’t with the exception of the Navajo Nation, and neither do Hawaii and some US territories. Many other countries in the Northern Hemisphere follow this ritual, which includes a switch back to standard time in the fall.

    Once suggested by Benjamin Franklin as a cost-saving measure, Daylight Saving Time was ultimately created to extend daylight hours during the summer months. The practice was first implemented across the US and Europe to save energy costs during World War I and was reinstated during World War II. The Uniform Time Act of 1966 established a uniform Daylight Saving Time system across the US.

    Every so often, there’s talk about making the annual “spring forward” permanent. The country briefly tried permanent Daylight Saving Time during the energy crisis of the 1970s. There has since been a lot of research on the impact permanent DST would have on health and safety. Some US politicians are pushing for it once again, most recently reintroducing the Sunshine Protection Act of 2023 in the Senate, though passage is not expected anytime soon.

    Explore how a change to permanent DST would affect your life.

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  • Daylight Saving Time: How would permanent DST impact you?

    Daylight Saving Time: How would permanent DST impact you?

    By Sarah-Grace Mankarious, Marco Chacón and Taylor Su, CNN

    March 10, 2023

    Starting in March, most of the United States prepares for clocks “to spring forward” — better known as Daylight Saving Time, or DST. It’s that time of year when your oven clock needs manual adjusting as well as that wristwatch you wear on special occasions. Not every part of the US makes the switch on the second Sunday in March — most of Arizona doesn’t with the exception of the Navajo Nation, and neither do Hawaii and some US territories. Many other countries in the Northern Hemisphere follow this ritual, which includes a switch back to standard time in the fall.

    Once suggested by Benjamin Franklin as a cost-saving measure, Daylight Saving Time was ultimately created to extend daylight hours during the summer months. The practice was first implemented across the US and Europe to save energy costs during World War I and was reinstated during World War II. The Uniform Time Act of 1966 established a uniform Daylight Saving Time system across the US.

    Every so often, there’s talk about making the annual “spring forward” permanent. The country briefly tried permanent Daylight Saving Time during the energy crisis of the 1970s. There has since been a lot of research on the impact permanent DST would have on health and safety. Some US politicians are pushing for it once again, most recently reintroducing the Sunshine Protection Act of 2023 in the Senate, though passage is not expected anytime soon.

    Explore how a change to permanent DST would affect your life.

    Source link

  • Inspired Healthcare Capital Fully Subscribes Senior Housing DST Offering

    Inspired Healthcare Capital Fully Subscribes Senior Housing DST Offering

    Inspired Healthcare Capital, a private equity firm specializing in senior housing investments, has fully subscribed Inspired Senior Living of Hamilton DST.

    Press Release
    –

    Jul 7, 2022


    SCOTTSDALE, Ariz., July 7, 2022 (Newswire.com)
    –
    Inspired Healthcare Capital, a private equity firm specializing in senior housing investments, has fully subscribed Inspired Senior Living of Hamilton DST, a Delaware statutory trust offering that owns a 195-unit Class A senior housing property in Hamilton, New Jersey. 

    The DST offering launched in early May 2022 and raised more than $56 million in equity from accredited investors through a network of independent broker-dealers and registered investment advisors. Proceeds from the offering, with leverage, were deployed to purchase the senior housing property for $115.3 million. 

    Located approximately one hour from Philadelphia and New York City, the four-story property was built in 2017 and encompasses independent living, assisted living, and memory care. Situated on 23 acres of land, it consists of studio, companion, and one- and two-bedroom units with a total of 204 beds. The company noted that the property is the only full-continuum community within 15 miles and the only provider of independent living in the greater Hamilton region. 

    “We are very pleased to continue to offer highly sought-after senior housing real estate opportunities to financial advisors and their investors. This will be our fifth fully subscribed DST offering this year with another eight DSTs coming out in the next 45 days,” said Patrick Lam, President of Capital Markets. 

    Inspired Senior Living of Hamilton DST offering was structured to generate investor distributions at an annualized rate of 6.25%, the company said. 

    Inspired Healthcare Capital LLC is an alternative investment sponsor based in Scottsdale, Arizona, that focuses on senior housing real estate with more than $800 million in assets under management. IHC raised approximately $60 million in May 2022 and is on target to raise approximately $600 million in 2022. IHC currently has 50 active selling agreements and relationships with over 28 broker dealers. 

    COVID-19 Despite the difficult lending environment created by COVID-19, Inspired Healthcare Capital was able to secure financing on multiple Senior Housing acquisitions as well as honor and maintain all distributions to investors in 2021, whereas other sponsor firms reduced or suspended distributions. During this time, IHC closed on nine properties worth $163,350,000 and was able to secure financing of $42,730,000.

    For any questions please contact Investor Services at 855-298-2988 or visit our website at IHCFunds.com

    Source: Inspired Healthcare Capital

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  • Poll: 84 Percent of Americans ‘See the Light’ and Want Longer Days

    Poll: 84 Percent of Americans ‘See the Light’ and Want Longer Days

    Press Release
    –


    updated: Nov 1, 2017


    MILWAUKEE, November 1, 2017 (Newswire.com)
    –
    When tens of millions of Americans commute home after work next week, there won’t be a wink of sunlight in the sky for most of the nation. A national poll, conducted by EndDaylightSavingTime.org, was taken to see if Daylight Saving Time (DST) still makes sense in a modern society.

    “We decided to see how the nation felt about that,” said Anthony Boldin, founder of EndDaylightSavingTime.org, the organization responsible for the poll.

    84 percent was quite a surprise. The American people are saying loud and clear, ‘We don’t like turning the clocks back.’

    Anthony Boldin, Founder

    It is natural to assume that many people would prefer having more sun and later evenings. What was surprising, however, was just how strong this sentiment was.

    “84 percent was quite a surprise,” said Boldin, “The American people are saying loud and clear, ‘We don’t like turning the clocks back.’”

    The poll of 1,147 adults — which had a margin of error of 4 percent — was conducted across the U.S. Sunday, Oct. 29 through Tuesday, Oct. 31.

    Out of the 84 percent of people who indicated they “like” the idea of more light in the evenings, 65 percent said they “Very Strongly Agree” or “Strongly Agree” that longer days are preferable. Only 16 percent of respondents were against the idea of later evenings.

    According to Boldin, “There is a growing library of research that has been showing the problems early sunsets have on everyday Americans.” If Daylight Saving Time was replaced with one later time all year round, there could be the many benefits.

    You can read respondents’ responses to the poll here.

    About EndDaylightSavingTime.org

    Anthony Boldin, the founder of EndDaylightSavingTime.org, is on a mission to educate the public about Daylight Saving Time (DST). Although there are some benefits to DST, Boldin believes the negatives far outweigh the positives, and if you believe in something, you should do something about it. By simply ending Daylight Saving Time and keeping the summer sunset all year round, peoples’ lives will be a little better; days will be a little brighter and lives will be a little safer. If you’re one of the tens of millions of Americans who wants to do away with Daylight Saving Time, please sign our petition.

    Source: EndDaylightSavingTime.org

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