Tag: challenger

Central Santa Rosa council race finds Chris Rogers fending off challenger

Santa Rosa Councilman Chris Rogers has a rival in his race for a second term, squaring off against political newcomer Azmina Hanna to represent a newly formed district that includes much of downtown and surrounding historic neighborhoods.

The nonpartisan match-up presents a clear contrast between Rogers, a politically connected former legislative aide with a broad range of establishment support, and Hanna, a self-employed creative director who is making her first bid for public office, trying to shake up the political establishment.

The District 5 seat they’re running for is open. But because Rogers comes into the race with a long list of endorsements, including from prominent office holders such as Rep. Mike Thompson, and sits on several regional boards and commissions, he enjoys the status of a “pretty well-known incumbent,” said Brian Sobel, a Petaluma-based political analyst.

“That gives him a heck of an advantage,” Sobel said. “Not taking anything

Read More

Small business challenger bank Finom raises another $12 million to expand in Europe


Evergrande Warns of Looming Cash Crunch, Spooking Investors

(Bloomberg) — The world’s most indebted developer has warned Chinese officials it faces a potential default that could roil the nation’s $50 trillion financial system unless regulators approve the company’s long-delayed stock exchange listing. Shares rebounded after earlier declines while bonds fell.China Evergrande Group mapped out the scenario in an Aug. 24 letter to the Guangdong government seen by Bloomberg, in which the company sought support for a restructuring proposal needed to secure the listing and avert a cash crunch.Some of Evergrande’s biggest strategic investors have the right to demand their money back if the company fails to win approval for a backdoor listing on the Shenzhen stock exchange by Jan. 31. If investors refuse to extend the deadline, Evergrande will need to repay as much as 130 billion yuan ($19 billion), equivalent to 92% of its cash and cash equivalents.That

Read More