CNH Capital expands into Puerto Rico
As part of a strategic growth initiative aimed at developing new markets for its products and services, CNH Capital, the financial services business of Racine-based CNH Global N.V., announced that it is now serving equipment dealerships and their customers in Puerto Rico. CNH Global manufactures agricultural and construction equipment. CNH Capital’s equipment financing products will be sold through the agricultural and construction equipment dealerships that represent the CNH family of brands in Puerto Rico, including New Holland, New Holland Construction and Case Construction. "Equipment is a major investment for dealers and their customers," said Brett Davis, senior director of CNH Capital Ag Financial Solutions. "By establishing a presence in Puerto Rico, we can now offer equipment financing that makes investing in our equipment brands both easy and affordable." CNH Capital’s initial product offering in Puerto Rico includes wholesale and retail equipment financing. CNH Global is a majority-owned subsidiary of Fiat Group.
Milwaukee team goes to national Fed Reserve competition
A team of five students from the University School of Milwaukee representing the Federal Reserve Bank of Chicago’s Seventh District will compete on May 18-19 in the national finals of the High School Fed Challenge competition to be held in Washington, D.C. The University School of Milwaukee team competed against teams from Illinois, Indiana, Iowa and Michigan to become district champions of the Federal Reserve’s High School Fed Challenge competition.
The Fed Challenge was developed to encourage greater awareness among students of how the U.S. economy functions and the role of the Federal Reserve in the economy. Each team is required to analyze current economic data, develop a monetary policy recommendation and defend that recommendation in front of a panel of judges. The team prepares a 30-minute demonstration, which encompasses a 15-minute presentation on the economy and a 15-minute period where students answer questions from the judges. The students on the University School team are Stewart Long, Ryan Khanna, Emily Cooley, Maxwell Wernecke and Henry Stewart.
Presentations in the competition include: a discussion of economic conditions as of the day of the competition; a forecast of near-term changes in economic, financial and international conditions, such as unemployment and inflation; identification of conditions or situations that warrant attention in the formulation of monetary policy; and a recommendation as to whether the Fed should move to raise or lower interest rates. Judges at the final competition will include members of the Federal Reserve Board of Governors and presidents of Federal Reserve Banks.
