Category: migieblu

04
Sep
2021

Swiss Re estimates quake bill at $1.2bn

first_img John Dunne Swiss Re estimates quake bill at $1.2bn Share Monday 21 March 2011 6:27 am whatsapp Show Comments ▼ Tags: NULL whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Insurer Swiss Re has estimated that it faces claims from the Japan earthquake and tsunami of about $1.2bn (£738m).But the world’s second largest re-insurance firm said the actual figure may not be known for several months.Analysts have estimated that the insurance industry’s final bill could reach $35bn, excluding any impact from problems at the nuclear power plants. Last week, US insurance giant AIG said its claims from the disaster would be at least $700m. last_img read more

05
Jul
2021

Why I’d follow Warren Buffett and capitalise on once-in-a-lifetime buying opportunities

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Warren Buffett has a long track record of taking advantage of once-in-a-lifetime buying opportunities. He has frequently been a buyer of stocks when other investors are selling. This has allowed him to purchase high-quality businesses when they are trading at discounted prices.By following his strategy, I could generate relatively high returns in the long run. With investor fears still high after the stock market crash, now could be the right time to build a portfolio of stocks while they trade at attractive prices.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Rare buying opportunitiesWarren Buffett’s investing career may have spanned many decades, but he has had relatively few opportunities to buy stocks at extremely cheap prices. That situation usually only occurs when investor sentiment is exceptionally weak, which often coincides with periods of economic uncertainty.Since those instances are relatively few and far between, investors are unlikely to have a plethora of chances to buy a range of high-quality companies at low prices during their lifetimes. Therefore, it is important to use them to our advantage when they occur. Doing so may enable us to obtain a market-beating return in the long run that makes a positive impact on our financial situations.Warren Buffett’s long-term focusOf course, Warren Buffett does not expect to make short-term gains when buying any stock. History shows that it can take many months, or even years, for the stock market to recover from its declines. For example, the most recent global recession (excluding this year) occurred during the global financial crisis. While stock indexes such as the FTSE 100 declined by over 50%, they recovered in the following years to trade at new record highs.With the stock market having always recovered from its lows, buying during a period of economic weakness has been a sound plan for those investors with long time horizons. As the economic outlook improves, the financial performances of companies does likewise. This encourages investors to take more risks, which supports the recovery and subsequent bull market.Today’s buying opportunitiesThe recent stock market crash could mean there are buying opportunities for investors who wish to follow a strategy similar to that used by Warren Buffett. Risks such as the ongoing coronavirus pandemic and political uncertainty in North America and Europe mean that investor sentiment towards a wide range of sectors is weak. This could mean there are a number of high-quality companies trading at low prices that offer long-term growth potential.Of course, diversifying across sectors and geographies is important in an uncertain economic period. This reduces overall risks, and could improve your long-term return prospects as a result of having exposure to a wider range of growth opportunities. The end result could be a growing portfolio that benefits from having taken advantage of low prices during a weak period for the stock market. Peter Stephens | Sunday, 25th October, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Why I’d follow Warren Buffett and capitalise on once-in-a-lifetime buying opportunities Our 6 ‘Best Buys Now’ Shares Image source: The Motley Fool See all posts by Peter Stephens Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

13
Jun
2021

TCU holds off Kansas 55-52 on Senior Day

first_imgTwitter Phi Kappa Sigma executive director, chapter president respond to dismissal Grant McGalliardhttps://www.tcu360.com/author/grant-mcgalliard/ TCU removes Phi Kappa Sigma for hazing and other misconduct printZahna Medley scored 21 points in her last home game as a Horned Frog, but it was her 3rd point that she’ll remember most.With that point, scored on a free-throw in the first quarter, Medley surpassed Horned Frog legend Sandora Irvin as the all-time leading scorer in TCU women’s basketball history. Irvin’s mark of 1,892 points had stood since 2005.Of course, her other 20 points on the day were rather important, too.Medley and fellow senior Caitlin Diaz pulled the Frogs out of a terrible offensive slump in the first quarter to come back and beat the Kansas Jayhawks 55-52 on Monday night in Schollmaier Arena.The seniors gathered at half-court for a postgame ceremony and went to celebrate with friends and family afterwards, a reward that head coach Raegan Pebley said was well-deserved.“These seniors have really committed a lot, and they’ve showed so much toughness and resiliency,” Pebley said. “Going through conference changes, coaching changes…they just kept getting back up.”The Frogs were forced to get back up once again in this game, as they trailed for the vast majority of the first three quarters. They faced a 38-37 deficit heading into the fourth quarter, but a Medley 3-pointer, the 307th of her career (also a Horned Frog record), gave the TCU the lead for good.It was an intense game all the way until the final whistle, as several TCU turnovers down the stretch and some clutch shooting from the Jayhawks made it a one-point game with 11 seconds left.Lauren Aldridge headed to the line with a chance to convert a three-point play, but missed her free throw, and after an offensive rebound, Chayla Cheadle missed two more.Medley closed out the game with two shots from the line. The senior, clutch until the very end, was 10-10 from the charity stripe on the night, with six of those coming in the waning moments as Kansas stopped to foul the clock.Pebley said the performance was typical for Medley, who “didn’t even want to have to wave” when it was announced that she broke Irvin’s record.“Records are made to be broken, and Zahna’s done such a tremendous job representing TCU,” Pebley said.Diaz also represented the purple and white well in her last game at Schollmaier. The senior forward put up 14 points and 7 rebounds, and was 5-10 from the floor.TCU as a team shot poorly, hitting just 32% of their attempts. However, the Jayhawks weren’t much better, as they shot 33% from the field and 54% from the free-throw line, a mark that turned out to be the difference-maker.The first half was a defensive slugfest, with each team playing tough and physical down low. The Frogs shot just 21% in the first half, and missed several chances close to the rim. TCU went nearly 8 full minutes without a made basket in the first quarter. After Medley’s record-tying bucket with 8:33 left, TCU missed 8 straight shots before Jada Butts hit a layup with 48 seconds remaining in the quarter. The Jayhawks held a 11-6 lead after the opening period. “I don’t think the offense ever really got rolling,” Pebley said. “We’re a team that averages like 70-something points, and we were so far from that today.”Luckily, TCU’s defense just happened to be throwing a block party right in front of Kansas’s goal. Carol Willie had 4 blocks in the first half alone, and the Frogs were able to limit the Jayhawks to 2 points in the paint on 23% shooting from the field in the first half.KU found their stroke from outside, however, hitting three 3-pointers in the first half, which enabled the Jayhawks to take a 19-18 into the break. The win moved TCU to 16-13 (8-10 Big 12) on the year. Kansas fell to 5-24 and finished without a win in conference play.The Frogs will turn around and play Kansas again in the first round of the Big 12 Women’s Basketball Championships in Oklahoma City on Friday, March 4. Tip-off is set for 8:30 p.m. Grant McGalliardhttps://www.tcu360.com/author/grant-mcgalliard/ + posts TCU baseball finds their biggest fan just by saying hello Facebook Grant McGalliardhttps://www.tcu360.com/author/grant-mcgalliard/ Baseball season recap: Rebuilding turns to reloading after surprise CWS trip ReddIt TCU rowing program strengthens after facing COVID-19 setbacks TCU students receive evacuation text by mistake Linkedin Previous articleCruz throws attacks at Trump in Dallas rally before Super Tuesday electionsNext articleJose Antonio Vargas: ‘where did you come from?’ Grant McGalliard RELATED ARTICLESMORE FROM AUTHOR ReddIt Grant McGalliardhttps://www.tcu360.com/author/grant-mcgalliard/ Twitter Linkedin Grant McGalliard Zahna Medley, seen here against Texas Tech, set the all-time scoring record against Kansas Monday. Facebook Another series win lands TCU Baseball in the top 5, earns Sikes conference award Grant McGalliard is a senior journalism and political science major from Bay City, Texas. He’s worked in everything from sports to student organizations at TCU, and recently began blogging with the Dallas Morning News. In his spare time, Grant enjoys tweeting far too much, pretending he knows more than he does about Premier League soccer, and listening to the music of Kanye West.last_img read more

12
Jun
2021

Newspaper reporter shot dead at home in southern city

first_img August 21, 2020 Find out more Organisation May 12, 2021 Find out more Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar RSF_en Reporters Without Borders is outraged by the murder of Athiwat Chainurat, a reporter for the Matichon newspaper group, in the southern city of Nakhon Si Thammarat. His wife and children found him lying in a pool of blood when they returned home on 1 August. He had been shot four times. News ThailandAsia – Pacific August 4, 2008 – Updated on January 20, 2016 Newspaper reporter shot dead at home in southern city ThailandAsia – Pacific Reporters Without Borders is outraged by the murder of Athiwat Chainurat, a reporter for the Matichon newspaper group, in the southern city of Nakhon Si Thammarat. His wife and children found him lying in a pool of blood when they returned home on 1 August. He had been shot four times.“We call on the competent authorities to act quickly with the aim of shedding full light on this murder and bringing those responsible to justice. It is vital that the investigation should concentrate on those who masterminded this clearly premeditated killing.”Matichon’s editors think Athiwat’s murder is linked to his reporting. His wife, Pornpimol Chainurat, said he had been having problems for some time with local politicians because of what he had been writing, and he felt threatened. He went out as little as possible and had even asked her to vary her routes when she returned home.Athiwat, 48, had recently shared his fears with Region 8 police chief, Lt. Gen. Thani Tawitsri. Thani’s deputy, Maj. Gen. Santhan Chayanon, has been put in charge of the case.The Thai Journalists Association (TJA) has urged the police to lose no time in identifying the mastermind. News News to go further Help by sharing this information Receive email alerts Follow the news on Thailand News Red alert for green journalism – 10 environmental reporters killed in five years Covid-19 emergency laws spell disaster for press freedom June 12, 2020 Find out morelast_img read more

12
Jun
2021

Media freedom under threat from all sides

first_img RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” Reporters Without Borders is worried about the cyber crime bill, on which the Iraq parliament is due to vote shortly. The law, approved at a first reading last July, represents a real threat to freedom to report the news online. The crimes it covers are far too broadly defined and the penalties are disproportionate. These include violations of religious, moral, family or social principles and the promotion of terrorist ideas. The bill provides for custodial sentences up to life imprisonment for using computers and the Internet to undermine state security or national unity, or for publishing information on trafficking in drugs or people (article 5). The draft does not provide appropriate protection for news organizations and their sources. Technical providers are held responsible for content channeled through them and the guarantees protecting users’ personal details are too weak. News IraqMiddle East – North Africa In the light of the Information Technology Crimes law before the Iraqi parliament, and the proliferation of attacks on journalists in recent weeks, Reporters Without Borders is extremely concerned about freedom of information in Iraq. Repressive bill (Photo: AFP) December 28, 2020 Find out more Also on 1 April, Al-Sumaria News reported that two mortar bombs hit the premises of the TV stations Al-Irakia and Al-Mowselya in the Karameh district of Mosul, wounding a security guard. TV programs taken off the airOn 3 April, the National Communications and Media Commission ordered Al-Sumaria to take two programs off the air and threatened to revoke the station’s broadcasting license unless it complied. The first, “Ako Fad Wahid”, a humorous programme that presents off-beat news stories, was halted permanently. The commission ruled that it did not respect the rules of decency and stirred up communal tension. The second, “Kalam Leks”, which deals with topical and social issues, was suspended for a month. The ruling followed an edition about evangelical churches in Iraq. An official complaint signed by several clergymen accused the program of besmirching their community.A station employee told JFO that Al-Sumaria “felt it was in the government’s sights but didn’t know the reason” and said the broadcaster planned to take the matter to court.Hasan Shaaban, a lawyer and activist with the legal protection centre for Iraqi journalists affiliated to the JFO, said the media commission’s rulings contravened articles of the Iraqi constitution guaranteeing freedom of the press. He added that offences against religion and decency were “by their nature difficult to identify”. Journalists harassed by security servicesJournalists were reported to have been routinely hampered in the their work by security measures put in place for the Arab League summit that took place on 29 March. In a statement in Arabic, the Journalistic Freedom Observatory (JFO), a partner organization of Reporters Without Borders, reported that Iraqi security forces behaved in a crass manner towards journalists, obstructing them in their work, preventing them from using main roads and stopping them from taking photographs, whatever subject they were reporting on. Some journalists reported to the JFO that some officers told them the commission in charge of security at the summit had ordered the security forces to do all they could to make things difficult for journalists on the ground. Since the end of the summit, it seems there has been no let-up.Salim Mohamed Al-Khalifawi, a reporter with the Saudi news agency SPA, was arrested by riot police on 30 March in Dhi Qar province south of Baghdad at a demonstration by followers of the Shi’ite religious leader, Mahmoud Al-Hassani Al-Sarkhi. The police beat him with sticks, seized his video camera and ordered him to leave the area. Al-Khalifawi, however, showed his press card and his name tag was clearly visible to the officers. As he was leaving the area after the incident, he was again stopped and questioned by members of the security forces. His press card and details were checked. He was then taken the police headquarters to have his identity recorded. His Iraqi journalists’ union card was confiscated. The police took him to an unidentified location where he was held for three days. He appeared before the Nasariyah appeal court on 1 April and was subsequently freed on bond.Bashar Mandalawi, a freelance journalist, and Marc Nexon, a French reporter for the magazine Le Point, were held at a checkpoint and questioned for several hours by Iraqi troops on 5 April. They were working on an article and interview south-west of Baghdad. An intelligence officer accompanied them to their meeting place and was present during the interview with their contact. On the same day, the journalist Saad al-Awsi wrote an open letter to Prime Minister Nouri al-Maliki asking him to halt the persecution to which he had reportedly been subjected by the premier’s supporters, in particular inside the intelligence services. Al-Awsi spent 16 months in detention, between April 2010 and August 2011, over an article criticizing the means by which al-Maliki achieved power. On 6 April, riot police tried to prevent a crew from the Al-Sumaria TV station from covering a demonstration in Baghdad. The police forcibly seized the crew’s camera. It was returned after the station’s management complained to the authorities, in exchange for a promise not to shoot any film.Terrorist attacksJournalists in Iraq have also been the target of more serious violence. On 10 April, Khamis Al-Khazraji, a correspondent for the satellite station Al-Ahad, was the target of an assassination attempt in Salahaddin province, north of Baghdad. He was driving home when a gunman opened fire on his car. He escaped but was unable to identify his attacker.In the same area, Kamiran Salaheddin, a presenter with the station Salahaddin TV since 2005, was fatally wounded on 2 April by a bomb placed under his car.South of Tikrit, a photojournalist escaped injury on 1 April from a bomb that could have killed him. The Iraqi satellite station Al-Sumaria News said the device was planted near his home and wounded a member of his family. Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan IraqMiddle East – North Africa Organisation April 12, 2012 – Updated on January 20, 2016 Media freedom under threat from all sides (Read an open letter to the Iraqi authorities by ARTICLE 19 and Access Now signed by several NGOs and expressing concern about the repercussions of the law on basic freedoms and free speech). Threatening statementThe interior ministry published a statement on 12 April aimed at all media organizations working in Iraq, domestic as well as foreign, urging them always to identify their sources inside the ministry and threatening prosecution if they refused to reveal them.As has been previously reported, Iraqi law guarantees journalists the right to maintain the confidentiality of their sources and they can be forced to reveal them only in certain individual cases and by a court decision. The independent member of parliament, Safia Al-Suhail, said two days ago these demands by the ministry were “contrary to the spirit of the Iraqi constitution and the new democratic order”. She urged parliament to change the law to protect journalists’ rights from the “arbitrary practices” of the executive.center_img Help by sharing this information Three jailed reporters charged with “undermining national security” to go further News Receive email alerts News December 16, 2020 Find out more News February 15, 2021 Find out more RSF_en Related documents Media freedom under threat from all sides – In ArabicPDF – 89.14 KB Follow the news on Iraqlast_img read more

02
Jun
2021

Square Study Shows How Retailers and Restaurants Are Adapting to Changes in Consumer Behavior…

first_img By Digital AIM Web Support – April 6, 2021 Square Study Shows How Retailers and Restaurants Are Adapting to Changes in Consumer Behavior and Turning to Technology To Get Back on Track in 2021 Pinterest Facebook SAN FRANCISCO–(BUSINESS WIRE)–Feb 24, 2021– Today, Square released a new report that reveals how retailers and restaurateurs are taking control of the future by delivering on customers’ evolving expectations — with an intentional focus on technology, operating efficiency, and customer experiences. Square developed the Future of Restaurants and Future of Retail reports to provide a snapshot of what businesses are investing in and what’s working. To uncover these insights, Square collaborated with Wakefield Research to survey restaurateurs, retailers, and consumers across the U.S. Additionally, Square spoke to businesses and industry experts to share how retailers and restaurateurs are facing challenges, embracing innovative solutions, and forging new paths forward in 2021. “Scrappiness is in our sellers’ DNA and, in 2021, we’re expecting more of the same. It will be more important than ever to find creative ways to meet consumers where they are most comfortable, providing memorable experiences in-store, online, curbside, and everywhere in between,” said Alyssa Henry, Seller Lead at Square. For example, after chef Anthony Strong closed his popular San Francisco restaurant Prairie last August in the wake of COVID-19, he didn’t give up. He emerged a couple months later with a new concept: He transformed his 1989 Volkswagen van into a mobile dining room, traveling the city to serve up a four-course “glamping” dining experience. While shuttering Prairie was devastating, Strong did what entrepreneurs have done time and again – got back to work and innovated in the face of adversity. Overwhelmingly, the report found that restaurants and retailers alike are undertaking big changes to existing strategies and adopting new technologies to stay ahead of the curve. For example, we saw retailers increasingly turning to online and social selling to continue serving their customers – in fact:88% of retailers are now selling onlineFor retailers with one location that sells online, 66% of their revenue comes from online sales84% of retailers who sell online either already sell on social media or plan to this yearAmong retailers selling on social media, 40% of their online revenue comes from social sellingOnline shoppers bought an average of eight products from social media sites directly in the past month, at the time of this survey74% of retailers plan on using real-time inventory technology this year72% of consumers prefer delivery over pickup, but only 37% of retailers plan to offer same-day delivery. “Retail has changed rapidly over the last year,” said Square’s head of eCommerce, David Rusenko. “But the transformation is giving retailers a chance to slow down and invest in doing things smarter across both in-store and online channels. The changes aren’t a way to simply make it through – they’re permanent and redefining what a meaningful retail experience can look like.” And it’s not just retailers who are seeing massive shifts in 2021, restaurants are also fundamentally reimagining the way they do business to keep their operation running smoothly, improve their bottom line, and continue serving their customers.91% of restaurants have made, or plan to make, investments in kitchen automation technology.Restaurants expect 62% of their revenue to come from takeout or delivery in 2021.58% of restaurants prefer to use their own app or website for delivery.Nearly half of restaurant owners or managers plan to continue offering digital menu access using URL or QR codes in 20213 in 4 restaurants plan on offering contactless ordering and payment options across all channels, with 61% utilizing contactless payments on-premise42% of restaurants plan to invest in customer loyalty programsRestaurants that are using online ordering for delivery and takeout expect 62% of revenue to come through those online channels67% of consumers prefer to use a restaurant’s own website or app for food delivery92% of restaurant owners and managers are open to experimenting with their menu “We’re seeing restaurants shift to a model that places more emphasis on the kitchen as the central hub of the operation,” said Bruce Bell, head of Square for Restaurants. “Restaurants are embracing new channels for customers to interact with their business, effectively meeting them wherever they are. Each of these channels represents a revenue stream for the restaurant and they connect to the same kitchen and are all managed by the same centralized POS system.” Despite a hard year, the future is full of opportunities for restaurateurs and retailers. For a full analysis of the top restaurant and retail trends of 2021, industry insights from Square experts, and real-life examples from innovative Square sellers, you can access the report here. For questions and additional data insights reach out to [email protected] About Square, Inc. Square, Inc. (NYSE: SQ) revolutionized payments in 2009 with Square Reader, making it possible for anyone to accept card payments using a smartphone or tablet. Today, we build tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the UK. View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005142/en/ CONTACT: Media Contact: [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SOFTWARE SUPPLY CHAIN MANAGEMENT MOBILE/WIRELESS ACCOUNTING ONLINE RETAIL PROFESSIONAL SERVICES HARDWARE CONSUMER ELECTRONICS TECHNOLOGY SMALL BUSINESS RETAIL FINANCE SOURCE: Square, Inc. Copyright Business Wire 2021. PUB: 02/24/2021 12:00 PM/DISC: 02/24/2021 12:01 PM http://www.businesswire.com/news/home/20210224005142/en Pinterest WhatsApp TAGS  center_img Twitter Twitter Facebook Local NewsBusiness WhatsApp Previous articleHolloway breaks world indoor record for 60-meter hurdlesNext articleOttawa hosts Montreal after overtime victory Digital AIM Web Supportlast_img read more

31
May
2021

Study: Federal Mortgage Penalty Could Block Homeownership

first_img Federal Government Homeownership mortgage 2020-07-22 Mike Albanese July 22, 2020 1,045 Views Study: Federal Mortgage Penalty Could Block Homeownership The Best Markets For Residential Property Investors 2 days ago  Print This Post in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Tagged with: Federal Government Homeownership mortgage Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Phil Hallcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago A new research paper from the Urban Institute is accusing the Federal Housing Administration (FHA) and the GSEs of potentially profiting from a new penalty that could prevent more than a quarter-million borrowers from obtaining purchase loans or refinancing.The research paper, “A New Mortgage Penalty Is Blocking Homeownership and Refinancing Opportunities for 255,000 Borrowers,” focused on federal housing policy changes created in the wake of the economic turmoil from the COVID-19 pandemic. These policy changes are aimed at loans that go into forbearance before being packaged into the secondary market.The Urban Institute observed that Fannie Mae and Freddie Mac placed an additional 5% delivery fee for first-time homebuyers and a 7% fee on all other purchase borrowers and rate-and-term refinances, excluding cash-out refinances that are in forbearance. For its part, the FHA now requires servicers to absorb 20% of the eventual loss if a loan misses two payments in the first two years.“Lenders have added additional filters to their underwriting process to weed out homebuyers who might quickly go into forbearance on their new mortgage and trigger this penalty,” the Urban Institute research paper stated. “We estimate that this will result in a minimum of 1% fewer purchase loans and 5% fewer refinance loans. Applying these estimates to publicly available industry forecasts of 2020 originations implies that the new penalties will limit homeownership and refinancing opportunities for approximately 255,000 creditworthy borrowers.”But while many borrowers will be impacted, the Urban Institute predicted the “maximum income the government could derive from this penalty is $53.4 million,” with the GSEs reaping up to $48 million for 2,400 early-forbearing loans and the FHA profiting by up to $5.4 million for 1,350 early-forbearing loans.The research paper argued it was “not worth the loss of mortgage access for more than 200,000 borrowers. Eliminating the penalties for selling loans made in good faith that subsequently go into forbearance before sale to the FHA or the GSEs would open access to credit for as many as 255,000 borrowers at a low cost. To eliminate the potential for abuse, the FHA and the GSEs would need to make sure that loans sitting in a portfolio for months are not sold after they go into forbearance. This can be accomplished by eliminating the penalty for loans in forbearance only if they are sold no more than one month after closing.The paper was co-authored by Laurie Goodman, VP at the Urban Institute and Co-Director of its Housing Finance Policy Center, and Michael Neal, Senior Research Associate in the Housing Finance Policy Center. Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Subscribe Demand Propels Home Prices Upward 2 days ago Share Save Sign up for DS News Daily Previous: National Delinquency Rate Improves for First Time Since January Next: Financial Services Committee Commemorates 10 Years of Dodd-Frank Act Home / Daily Dose / Study: Federal Mortgage Penalty Could Block Homeownership Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

27
May
2021

Blaney refutes McHughs claims that patients are being treated in ambulances at LGH

first_imgNews Blaney refutes McHughs claims that patients are being treated in ambulances at LGH Google+ Pinterest Donegal North East Deputy Niall Blaney has refuted claimes by fellow Deputy Joe McHugh, that patients are being treated by staff in ambulances in Letterkenny General Hospital because of overcrowding.Earlier today Deputy McHugh said there was a crisis waiting to happen at Letterkenny General Hospitals Emergency Unit if the A&E Unit didn’t open soon.He said because there wasn’t enough space, some patients were being treated in ambulances.But Deputy Niall Blaney, said that it was completley untrue that some patients were being treated in ambulances:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/01/blany.mp3[/podcast] Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Minister McConalogue says he is working to improve fishing quota Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also center_img Facebook Previous articleBody of Michaela Mc Areavey arrives in BelfastNext articleSuccess for Donegal students at BT Young Scientist & Technology Exhibition News Highland By News Highland – January 14, 2011 Google+ Twitter Pinterest WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail to vote later on extending emergency Covid powers Twitterlast_img read more

26
May
2021

‘To Flirt With A Junior Not An Acceptable Conduct For A Judge’ : Supreme Court To MP Judge Facing Disciplinary Proceedings For Sexual Harassment

first_imgTop Stories’To Flirt With A Junior Not An Acceptable Conduct For A Judge’ : Supreme Court To MP Judge Facing Disciplinary Proceedings For Sexual Harassment LIVELAW NEWS NETWORK16 Feb 2021 12:59 AMShare This – xThe Supreme Court on Tuesday expressed reluctance to entertain a petition filed by a former District Judge from Madhya Pradesh challenging the disciplinary proceedings initiated by the MP High Court over the sexual harassment allegations made by a junior judicial officer.Appearing for the Madhya Pradesh High Court, Senior Advocate Ravindra Srivastava read out before a bench headed by the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Tuesday expressed reluctance to entertain a petition filed by a former District Judge from Madhya Pradesh challenging the disciplinary proceedings initiated by the MP High Court over the sexual harassment allegations made by a junior judicial officer.Appearing for the Madhya Pradesh High Court, Senior Advocate Ravindra Srivastava read out before a bench headed by the Chief Justice of India the WhatsApp messages sent by the petitioner to the complainant lady officer.”He is a senior judicial officer. His conduct should have been more appropriate while dealing with a lady officer junior to him”, Srivastava submitted before the bench.Agreeing with this, the CJI orally said, “To flirt with a junior official is not an acceptable conduct for a judge”.”Yes, if that is permitted, the atmosphere will be too in-conducive for judicial work”, the HC’s lawyer concurred with the CJI’s observation.The petitioner’s counsel, Senior Advocate R Balasubramanium, submitted before the bench that the lady officer has withdrawn her complaint under the Prevention of Sexual Harassment Act, and therefore the disciplinary proceedings by the High Court are not maintainable.The bench, also comprising Justices AS Bopanna and V Ramasubramaninan, observed that the woman might have withdrawn the complaint “because of some embarrassment” and that will not preclude the High Court from initiating separate departmental proceedings on its own.Explaining the position of the High Court, Srivastava submitted :”The High Court has taken suo moto action. She may not want any action under Sexual Harassment Act. But as far as the High Court is concerned, it is still under liberty, and it has a duty, to take cognizance of the conduct. That is a separate matter”.Srivastava added that the complainant produced the WhatsApp messages before a District Judge, who was the enquiry officer, and the petitioner admitted those messages as well.”Petitioner admits and says he was flirting with the lady. What kind of judicial officer is this? We don’t understand”, Srivastava exclaimed.He further submitted that the High Court is proceeding with the matter even though the petitioner has retired from service as it wanted to “send a strong message”. The bench was also told that charge-sheet has been filed in the departmental proceedings, which the petitioner has not chosen to challenge.The petitioner’s counsel argued that the enquiry report suffered from “fundamental flaws” as it was not prepared following the procedure under the POSH Act 2013. Therefore, the chargesheet which flows from such an enquiry report is not sustainable in law, he continued.Disagreeing with this, the CJI said that the enquiry report, even if assumed to be invalid in law, can be a piece of evidence in departmental proceedings.”This matter before the Gender Sensitization Committee has come to an end with the lady refusing to participate. Now HC wants to proceed.It is duty bound to proceed also, in a departmental enquiry. Is there any law which can prevent the HC from proceeding with enquiry?. Right to departmental enquiry is an inherent right of the employer even if there is no provision in the service law”, the CJI said.”Every misdemeanor may not constitute a misconduct. I might have gone overboard. It is a private conversation, after all”, the petitioner’s counsel responded.”Yes, we are conscious of the fact that it is a private conversation. You did not shame her in public. That you should not have had that conversation is a different matter. But today we are concerned with the departmental enquiry”, the CJI said.”We find the WhatsApp messages quite offensive and improper”, the CJI continued.The petitioner’s counsel submitted that the complaint was made when his name was about to be considered for elevation as a HC judge.In response, the CJI said that though it is a ‘ubiquitous’ phenomenon to raise complaints against a man when he is about to get a position, there cannot be any generalization and each case has to be seen on its own merits.Ultimately, the bench suggested the petitioner’s counsel to withdraw the petition and contest the disciplinary proceedings.”We are likely to make some sweeping observations. We would recommend you to withdraw it and contest the proceeding”, the CJI suggested.The counsel sought a week’s adjournment to consult his client regarding the withdrawal of the petition. Accordingly, the bench posted the matter next week.In September 2020, the SC had stayed the disciplinary proceedings, while issuing notice on the petition. Next Storylast_img read more

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2021

Sheriff’s office: two arrested for stealing teddy bears and other items from Parkland shooting memorial

first_imgBroward County Sheriff(PARKLAND, Fla.) — Two people have been arrested for allegedly stealing items from the mass shooting memorial at Marjory Stoneman Douglas High School in Florida, officials said.Michael Shawn Kennedy, 37, and Kara O’Neil, 40, were arrested Sunday after witnesses told authorities they saw them “willfully and knowingly deface and remove monument items” on school grounds and on fencing around the school, the Broward County Sheriff’s Office said.Items from the memorial were found in their car, including teddy bears, plaques and pinwheels, the sheriff’s office reported.The memorial sprung up in the wake of the Feb. 14 mass shooting in Parkland, where accused gunman Nikolas Cruz killed 17.Kennedy, of Hollywood, Florida, and O’Neil, of Fulton, New York, were each arrested for removing or disfiguring a tomb or a monument, the sheriff’s office said.They were both ordered held on $1,000 bond on Monday, according to the Orlando Sentinel.Stoneman Douglas student Carmen Lo, whose best friend, Carmen Schentrup, was one of the 17 killed, wrote on Twitter, “How disrespectful can you be to do this? This is disgusting. First my friends are robbed of life less than 200 feet away from this memorial and now people won’t even let them Rest In Peace? MY FRIENDS ARE GRIEVING and these people are looking for gains.”The City of Parkland wrote in a Facebook post Monday that the “delicate process of archiving and memorializing items that have been placed around Marjory Stoneman Douglas High School will begin soon.”Copyright © 2018, ABC Radio. All rights reserved.last_img read more