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Melting glaciers create new market for Alaska tour operators

ANCHORAGE, Alaska — The rapid melting of glaciers due to climate change has created a new market for Alaska’s tour operators.The Anchorage Daily News reported Sunday that operators of several tour companies are experiencing an increase in customers booking trips to see the receding glaciers of the nation’s only Arctic state before they lose access to them.A new review of glacier research data published in the Journal of Glaciology predicts Alaska’s 25,000 glaciers will lose between 30% and 50% of their mass by the end of this century.One tour operator says there is “more awareness” of the receding glaciers among tourists.Operators say they have seen interest from places like Australia where glaciers do not exist, as well as visitors from emerging tourism markets like China and India.___Information from: Anchorage Daily News, http://www.adn.comThe Associated Press read more

New World Bank facility to fasttrack 2 billion to help worlds poorest

“The poorest people will be hit the hardest by the crisis that is likely to get worse next year,” World Bank Group President Robert B. Zoellick said. “Our Global Economic Prospects report projects developing country growth will be 4.5 per cent next year, down from 7.9 per cent in 2007. We want to help countries manage this downturn with rapid financing to help minimize its impacts and by assisting them in designing supportive policies.” The facility will quickly make available an initial $2 billion of the $42 billion International Development Association (IDA) Financial Crisis Response Fast-Track Facility resources to 78 of the poorest countries over the coming three years.It will foster rapid Bank response to the pressing needs of IDA countries based on more swift World Bank analysis of those needs. It will finance expenditures needed to maintain economic stability and sustain growth, address volatility, and protect the poor. Operational responses will include funding budget expenditures in infrastructure services, education, and health and social safety nets.“We cannot afford business as usual. We need a human rescue package, not just a financial rescue package – and we need a new rapid response capability to make sure the money gets quickly to where it is most needed,” Mr. Zoellick said. “Already 100 million people have been driven into poverty as a result of high food and fuel prices, and we estimate that a 1 per cent decline in developing country growth rates will trap 20 million more people in poverty.” The full impact of the global financial crisis will hit IDA countries later than higher-income countries, but the development costs will be higher there. In low-income countries the financial sector is less well integrated into global financial markets, so the direct effect on the financial sector will be significant only in countries with plans to access markets and those with high foreign bank presence. A new World Bank report, Global Economic Prospects 2009, predicts that global gross domestic product (GDP) growth will slip from 2.5 per cent in 2008 to 0.9 percent in 2009. Growth in rich countries next year will likely be negative.“We see that the global economy is transitioning from a long period of strong growth led by developing countries to one of great uncertainty as the ongoing financial crisis has shaken markets worldwide,” World Bank Global Trends Manager Hans Timmer said. “The slowdown in developing countries is very significant because the credit squeeze directly hits investments, which were a key pillar supporting the strong performance of the developing world during the past 5 years.”With tighter credit conditions and less appetite for risk, investment growth in the developing world is projected to fall from 13 per cent in the 2007 to 3.5 per cent in 2009, deeply significant because a third of GDP growth can be attributed to it.In East Asia and the Pacific, GDP growth slowed to an estimated 8.5 per cent in 2008 and is expected to drop to 6.7 percent in 2009. Growth in Europe and Central Asia is expected to slow to 5.3 per cent in 2008, falling to 2.7 per cent in 2009. In Latin America and the Caribbean, growth, expected to be 4.4 percent in 2008, is at risk, pressuring private sector investment. The Middle East and North Africa region appears to have held up well in 2008, growing at an unchanged 5.8 per cent in 2008, but growth is expected to be just 3.9 percent in 2009. In South Asia GDP growth eased to 6.3 per cent in 2008 from 8.4 percent in 2007 and is expected to slip to 5.4 per cent in 2009.In Sub-Saharan Africa, growth expanded to 5.4 per cent in 2008, and is expected to ease to 4.6 per cent in 2009. But the contribution of net exports to African GDP growth may fall, and many countries are exposed to terms-of-trade shocks. Higher food and fuel prices have also widened the poverty gap, raising the risk of social unrest. The report also noted that recent sharp declines in oil and food prices marked the end of what has been the greatest commodity price boom of the past century. Like earlier booms, this one was driven by strong global economic growth and has come to an end with the abrupt slowdown in the global economy precipitated by the financial crisis.But despite the decline, concerns persist about long-term demand and supply, and about the impact of high commodity prices on poor people, but the world in not necessarily heading into a prolonged period of insufficiency with, as some fear, dwindling supplies of oil, metals, and food grains, and ever-increasing prices. “We find that speculation about looming shortages of food and energy is not well founded, and that the world won’t run out of key commodities given the right policies,” Andrew Burns, lead author of the report, said. “How things actually play out over the next 20 years depends on governments taking steps to reduce oil dependence, promote alternative energy, combat climate change, and boost farm productivity.”A separate report by UN Economic Commission for Latin America & the Caribbean (ECLAC) noted that while the percentage of the population living in poverty in the region dropped to 33.2 per cent or 182 million people in 2008 from 34.1 per cent pr 184 million the previous year, the actual number of people living in extreme poverty rose to 71 million (12.9 per cent) from 68 million people (12.6 per cent). 10 December 2008The World Bank has created a $2 billion fast-track facility to speed up grants and long-term interest-free loans to help the world’s poorest countries cope with the impact of the global financial crisis, noting a marked slowdown everywhere, including in formerly resilient developing nations. read more

Ban welcomes Leonardo DiCaprio as new UN Messenger of Peace ahead of

Mr. Ban announced the appointment of the renowned actor and dedicated environmentalist last week, telling reporters that Mr. DiCaprio’s main focus as the Organization’s newest Messenger of Peace would be climate change issues. “His global stardom is the perfect match for this global challenge,” said the UN chief. His is expected to join the Secretary-General tomorrow at the Peoples’ Climate March through the streets of Manhattan, where reportedly more than 100,000 people are expected to come together to demand leaders take action in advance of Mr. Ban’s Climate Summit, which takes place on Tuesday, 23 September. The UN chief has said that measures to cut greenhouse gass emmissions, transfrom the world’s econmies and adopt to the impacts of climate change will require “all hands on deck”, and as such, one of Mr. Dicaprio’s first duties as Messenger of Peace will be to address the UN summit. As he toured UN Headquarters with the Secretary-General this afternoon, Mr. DiCaprio told reporters that climate change is perhaps the most important issue of our time, and tackling it will be “no small task.” Indeed, effective climate action must involve massive cooperation and dedicated action across all sectors of society. “We are at a pivotal turning point as we see the effects of rapid climate change happening right before us,” he said. Mr. DiCaprio congratulated the Secretary-General for begin a climate champion and for gathering so many political and business leaders for the upcoming summit “to try to manifest something tangible to combat climate change.” At the summit, more than 120 Heads of State and Government are expected to announce their visions and commitments for reaching a universal and meaningful climate agreement in 2015, as well as make announcements on actions that will reduce emissions, enhance resistance to climate change and mobilize financing for climate action. read more

Miami Marlins Owner Defends Blockbuster Trade

Jeffrey Loria, Miami Marlins owner, defended the pending blockbuster trade Wednesday that would send shortstop Jose Reyes, pitchers Josh Johnson and Mark Buehrle, catcher John Buck and infielder-outfielder Emilio Bonifacio to the Toronto Blue Jays for your prospects.Loria was asked Wednesday during the winter meetings in Chicago why he dismantled most of the talent on the team after a short period of time.“We finished in last place. Figure it out,” he told CBSSports.com in aggravation.Loria went on to tell the website that trading the veterans was the right decision after finishing 69-93 for the season.“We have to get better,” Loria added. “We can’t finish in last place. We finished in last place. That’s unacceptable. We have to take a new course.”Loria hopes that he can production out the players that he will receive from the Blue Jays: shortstop Yunel Escobar, right-hander Henderson Alvarez, catcher Jeff Mathis and prospects Jake Marisnick (OF), Adeiny Hechavarria (SS), Justin Nicolino (LHP) and Anthony DeSclafani (RHP) to the Marlins, according to ESPN.The trade will potentially save Loria and the Marlins approximately $150 million, if the players pass their physicals, which does not sit well with South Floridians who just paid for the new ballpark.“Everybody in the world wants to talk about the Marlins and the fact that they’re now a Triple-A team,” city commissioner Marc Sarnoff said, who was against the building of the new stadium. “The Marlins have lost pretty much all credibility with fans. Even if this trade is a positive move from the baseball standpoint, it won’t be viewed by the general public as a positive move.”Reyes and Buehrle were signed to massive contracts in free agency last season to draw attendance to the new stadium. The attendance barley topped 2.2 million after being projected to draw almost 3 million fans.Former Marlins manager Ozzie Guillen may have contributed to the low attendance. In April, Guillen praised former Cuba leader Fidel Castro, which ignited backlash from Cuban residents and members in Miami’s Little Havana community. The attendance was unable to recover after Guillen’s remarks.While the projections were off by the Marlins management, they have potentially unloaded a total of $163.75 million in guaranteed salaries through 2018, which includes the $96 million due to Reyes.The salaries for 2013 include $11 million for Buehrle, $10 million for Reyes and $13.75 million for Johnson in the final year of his contract. Approximately $154 million of guaranteed salaries are coming off the Marlins’ books, which does not include cash that may be involved in the trade.When the Marlins begin opening day, their payroll is estimated to be $34 million, which would be their lowest since 2008. The Marlins reached an agreement three years ago with the players’ union to increase spending due to complaints team payroll was small and violated baseball’s revenue-sharing provisions. The Oakland Athletics had the lowest payroll last year with $53 million.Some have wondered if Loria trading the best players is an early sign in attempts to sell the team. Loria denies those notions.“Absolutely not,” Loria said, according to CBSSports.com. “That’s more stupidity.” read more

Braxton Miller set to return to Ohio State for 2014 season

Junior quarterback Braxton Miller (5) throws the ball during a game against Indiana Nov. 23 at Ohio Stadium. OSU won, 42-14.Credit: Shelby Lum / Photo editorOhio State junior quarterback Braxton Miller has made the decision to return for his senior season and not enter the 2014 NFL Draft.An OSU spokesman confirmed Thursday that Miller will return to OSU.Miller is the two-time defending Big Ten offensive player of the year and is coming off a season in which he finished in the top 10 in the conference in both rushing and passing yards per game.“I want to help this team win a Big Ten championship next year,” Miller said in a press release Thursday night. “Plus, I want to improve as a quarterback in all aspects of my game. I’m looking forward to working for another year with coach (Urban) Meyer and (offensive coordinator quarterbacks coach Tom) Herman.“And I want to graduate, so this will help get me close to my academic goal.”The quarterback is also coming off back-to-back losses, including a 40-35 defeat at the hands of Clemson in the 2014 Discover Orange Bowl Jan. 3. Despite the losses, he has compiled a 28-8 record as the starting quarterback at OSU.Meyer said he is looking forward to working with the quarterback for another season.“We look forward to having Braxton Miller return to this team for his senior season,” Meyer said in the release. “He has been an extremely valuable member of our team and he is also a fine student. His desire to lead our team to a championship, to earn his degree from The Ohio State University net spring and to continue to improve as a quarterback are his motivation.”With Miller’s decision, the Buckeye offense will return five starters from a offense that finished the year third in the country in scoring offense with an average 45.5 points per game and seventh in total offense with 511.9 average yards per game.After the Orange Bowl loss, Miller said he was going to talk to coach Urban Meyer about whether or not he should turn pro.“I’ve got to think hard about it. I will talk to coach Meyer and see what he thinks,” Miller said. “He’s been through the process many times, so that’s the guy to go to. He never steers you wrong and ever since I got here, he took me under his wing and taught me a lot of things.”The Buckeyes are set to open their 2014 season with an Aug. 30 trip to Baltimore against Navy. read more

The figures that reveal Ryanairs very up and down relationship with Shannon

first_img Image: Photocall Ireland Image: Photocall Ireland By Fora Staff Take me to Fora 19,193 Views Feb 20th 2017, 1:05 PM RYANAIR HAS TRIED and then dumped more routes at Shannon Airport over the past decade than at almost any other hub, according to a recent study.Data compiled by flight analytics provider OAG for British aviation e-journal Anna.aero showed that western Ireland airport has one of the highest rates of ‘route churn’ – when an airline discontinues a service – out of all bases used by the budget carrier.Less than one-third of the flights Ryanair has launched from Shannon in the last 10 years are still in operation today.Anna.aero’s chief analyst, Ralph Anker – who studied the OAG data – told Fora via email that Ryanair has flown to 50 destinations from Shannon over the last decade, but only 15 of those routes will operate this summer.That puts the County Clare airport behind only Alghero in northern Italy – which was dropped as a base in early 2016 before being reinstated later that year – when it came to the airports with the highest rates of Ryanair route churn.Anker said the Irish airline’s relationship with Shannon had been “very up and down during the last decade”.At the other end of the scale, Dublin Airport had the second lowest rate of route churn with seven in 10 of the flights Ryanair has launched there since 2007 still in operation this year. It was beaten to the top spot by London Stansted.DAA splitDuring the 10-year period under review, Shannon Airport became independent of the Dublin Airport Authority, now called simply DAA.In 2013, the government transferred the airport to the now-defunct regional body, Shannon Development, which became part of Shannon Group in 2014.In a statement, a spokesman for Shannon Airport told Fora: ”Since its independence from (the Dublin Airport Authority) in 2013, Shannon Airport’s services and passengers with Ryanair have grown considerably and this year it will operate 15 routes, up from 10 in 2010.” Source: OAG/Anna.aeroRyanair has launched a Shannon to Lanzarote summer service but will axe flights to Paris Beauvais and Memmingen in Germany. It has also reportedly reduced its London Stansted and Manchester flights from the Clare airport.According to a report in the Irish Examiner last year, the airline cut its 2017 target for Shannon to 700,000 passengers, down from the 800,000 travellers it served last year.Fora contacted Ryanair for confirmation, but we hadn’t received a response at the time of publication.Anker noted that the Shannon to Paris Beauvais and Memmingen routes are still listed on Ryanair’s booking tool, but “there aren’t any dates on which you can currently book them”. Tweet thisShare on FacebookEmail this article Monday 20 Feb 2017, 1:05 PMcenter_img Get Fora’s NEW daily digest of the morning’s key business news: http://jrnl.ie/3249017 26 Comments Share5 Tweet Email1 The figures that reveal Ryanair’s ‘very up and down’ relationship with Shannon Airport The budget airline has tried and dumped more routes there than at almost any other base. Short URL “It’s possible this may still change before the start of the summer season at the end of March,” he said. “Beauvais has been dropped before and made a comeback.”‘Try-out’ strategyFigures from OAG showed Ryanair has launched more than 2,800 routes from 256 airports over the past dcade. In 2017, it will fly 1,500 routes from 201 airports.“This highlights just how many routes the airline has tried and dropped,” Anna.aero wrote in its analysis.It noted that a major part of Ryanair’s business strategy is “market-making”, where it uses “its vast resources and capacity to simply ‘try out’ routes between different regional cities that previously no other airline would dream of and for which market demand data is non-existent”.Anna.aero’s editor, Marc Watkins, told Fora that “route churn at Ryanair is just a part of its very healthy business model”.Regarding Shannon Airport, he said ”what is almost more important is an airline’s capacity at an airport” – the number of planes it has based there – ”and not what routes have been flown” from there. Ryanair currently has two planes based at Shannon.Watkins noted that a route dropped by Ryanair could be “picked up by another operator with smaller, more appropriately sized aircraft”.‘Up and down’ relationshipAnker said Ryanair’s relationship with Shannon had been tumultuous, going from 20 flights per day in summer 2008 to just five in 2011.That likely reflects a spat between the carrier and Shannon in 2010, when the airport was still part of the DAA’s network, as well as the drop-off in air traffic as the crisis ravaged the Irish economy.Ryanair cut a number of services in 2010, blaming a hike in airport fees and a €10 tourist tax. Culled Ryanair routes from Shannon Source: OAG/Anna.aeroMeanwhile, Ryanair’s communications guru Robin Kiely told punters at the Holiday World Show last month that the airline looks at aircraft availability, airport fees and demand to judge whether a particular service is viable.“If there’s no demand, we won’t operate it,” he said.Written by Conor McMahon and posted on Fora.ielast_img read more

How does a person end up owning land that belonged to Dublin

first_imgHow does a person end up owning land that belonged to Dublin City Council? Cases of adverse possession are quite common in Ireland. By Cormac Fitzgerald LAST WEEK, A Dublin woman secured a quarter-acre addition to her back garden from Dublin City Council.Mary Byrne, of Marino, Dublin, was granted a plot of land behind her house that had belonged to the council, after she proved she had been in ‘adverse possession’ of it for 12 years.The land was left over from a construction site in 1934. It had been the then-Dublin Corporation’s intention to grant allotments to those whose rear gardens had a boundary with the leftover land.However, the land was leased to Byne’s grandfather who occupied it for a few pence a year. After he died, the Byrne family kept possession of it. Eventually, rent stopped being paid and Mary Byrne took over possession of the land.So, how did that happen? What is adverse possession? And is it common?What is adverse possession?Adverse possession (also known as ‘squatter’s rights’) is when a person or party can claim a right over land or property (which they originally had no legal title to) after they had been in occupation of the land for more than 12 years.To claim for adverse possession, a person has to be able to prove that they have been in continuous, uninterrupted occupation of the property for 12 years. They can then lodge an application with the Property Registration Authority (PRA).Adverse possession cases can arise between private citizens, or – as was the situation with last week’s case – between a citizen and the State.The period required to benefit from adverse possession extends to 30 years when it’s land owned by a state authority.How can a person defend against adverse possession? According to property law solicitor Susan Cosgrove of Cosgrove Gaynard Solicitors, last week’s case shows how easily claims of adverse possession can arise.Dublin City Council was aware that Mary Byrne was occupying the land that they legally owned. They issued an eviction notice in 1995/96 but never followed up on it.Byrne was then left in adverse possession of the land, and was able to lodge her claim years later.According to Cosgrove, the council could have avoided this easily a number of ways: Image: Shutterstock/phive Jun 21st 2017, 6:10 AM https://jrnl.ie/3448736 File photo Short URL Wednesday 21 Jun 2017, 6:10 AMcenter_img 16 Comments Is this normal?According to Cosgrove, cases of adverse possession are still quite common in Ireland.“It is commonplace still. You would have thought it had died off by now but we still see a lot of cases,” she said.It is something all landowners should be fully aware of.Cases of adverse possession generally don’t go to court as it’s quite clear-cut when a person is entitled to claim possession of the land.Cosgrave said that generally Dublin City Council would have a handle on any land or property in its possession. For example, in other areas of Marino leftover land had been sold to residents there for a small fee to add to their back gardens.This was what was intended for the land that Mary Byrne occupied, but for whatever reason the council never took possession of it for this purpose.Cosgrove said that she has had similar cases where people have successfully shown they have adverse possession over lands held by the council. They can then pay a small fee (about €130) to have the freehold title transferred to them – meaning that they own the land outright.Alternatively people can register a possessory title with the land registry. This means that the person cannot mortgage or sell the property until they achieve the absolute title of ownership.What should you do if you think you’re in adverse possession of council land?If someone thinks they qualify as having adverse possession of land or property, owned by the council or by a private citizen, then they will need to lodge a claim with the Property Registration Authority.They will need a solicitor to help them draft a long and detailed application and declaration setting out their claim to the land or property.According to Cosgrave, the declaration will include information on how long the person had been in adverse possession and what action they had taken to secure ownership (i.e., fenced off the area, maintained and insured it, etc).“Each application is considered on its own merits – no two cases are the same,” said Cosgrave.The Property Registration Authority will notify whoever was last registered as owning the land and if they dispute the application, the matter will taken to court.If the claim is not disputed, or if it is settled in favour of the person in adverse possession, they will then be given the possessory title by the land registry.TheJournal.ie  has contacted Dublin City Council in relation to other cases of adverse possession and the mechanisms it has in place to keep track of its lands, but had received no response at the time of publication.- With reporting from Ray ManaghRead: Dublin woman now owns a quarter acre back garden due to council oversightRead: Taking rundown Dublin buildings and turning them into homes File photo Image: Shutterstock/phive The council could have renewed the lease of the property and charged even a nominal fee amount. This would have made Byrne a tenant and tenants cannot claim adverse possession.The council could have followed up with the eviction notice and evicted Byrne from the land. Share28 Tweet Email24 33,448 Views Tweet thisShare on FacebookEmail this articlelast_img read more

Deep concerns about psychiatric wellbeing of teen charged with Adam Muldoon murder

first_img‘Deep concerns’ about psychiatric well-being of teen charged with Adam Muldoon murder The body of the 23-year-old was discovered in Butler Park on Saturday. By Tom Tuite A 17-YEAR-old boy has been remanded in custody with an order that he was to get “urgent psychiatric attention” after he was charged with the murder of Adam Muldoon who was found dead following a stabbing in Tallaght, Dublin at the weekend.The body of Adam Muldoon, 23, from Tallaght, who had been affected by homelessness, was found at 6.30am on Saturday at Butler Park. Muldoon, who had cerebral palsy, had sustained stab wounds and was pronounced dead at the scene.His body was later removed to the city morgue at Whitehall where a post-mortem was carried out by the assistant State Pathologist Dr Bolster.The Tallaght youth, who cannot be identified because he is a minor, had been arrested at the weekend and was brought to appear before Judge John O’Connor at the Dublin Children’s Court this morning.He was charged with the murder of 23-year-old Adam Muldoon on 23 June at Butler Park, Tallaght, Dublin 24.Dressed in a white t-shirt, grey bottoms and grey runners, the youth sat back with his arms folded as evidence was given by Detective Garda Nuala Burke of Rathfarnham station.‘Deep concerns’She told the court the teenager was arrested for the purpose of being charged in relation to murder contrary to common law. She said he was cautioned that anything he said would be taken down and he made no reply.The charge was then put to them after which he was cautioned again and in reply to the charge he said, “No.” He was then handed a copy of the charge sheet.Due to the nature of the charge the Children’s Court cannot grant bail and an application will have to be made in the High Court to get released pending trial.The boy, who did not address the court, was accompanied to the proceedings by his visibly upset grandparents. Judge O’Connor asked defence solicitor Michael Hennessy if medical attention was required for the teenage defendant.“I have deep concerns about my client’s psychiatric well-being, I would ask for a direction for urgent psychiatric attention on arrival at the place of detention,”  Hennessy said.Judge O’Connor acceded to that request.After gardaí and the court probation officer confirmed there was a place available, Judge O’Connor remanded the boy in custody to the Oberstown detention centre. He will face his next hearing at a sitting of Tallaght Children’s Court on Friday.Legal aid was granted.The judge also reminded journalists in court that the laws in relation the teen’s right to anonymity must not be breached and he added, “I’m particularly focusing on social media.”The teen was hugged by his grandparents just before he was escorted from the courtroom. His grandmother burst into tears as she left. Jun 25th 2018, 10:40 AM Short URL No Comments 31,311 Views Tweet thisShare on FacebookEmail this article Image: Sam Boal Share90 Tweet Email http://jrnl.ie/4090175 Image: Sam Boal Monday 25 Jun 2018, 10:40 AMlast_img read more

Greek justice minister declares he will never back gay marriage

first_img Facebook Twitter: @NeosKosmos Instagram Greek Justice Minister Haralambos Athanasiou has said that he will never back legalising same-sex marriage in the country, arguing that it harms society and poses a danger to traditions.“I won’t discuss it, I can’t conceive of it,” the conservative politician told Greece’s Mega TV. “Besides, the convention of human rights forbids it. When it speaks about marriage it speaks [of marriage] between a man and woman. We are a country that respects traditions, respects human nature, and it’s not possible, at least with this government and this ministry, to permit marriage.”While Greece has faced sanctions by the European court of human rights for not extending rights to gay couples, in July the court refused to judicially impose same-sex marriage on countries, stating that gay marriage is not a human right.Athanasiou has argued that allowing gay couples to enter civil unions could further challenge the traditional family structure.“Our country has structures. We have to look at it from the religious point of view, the political point of view, the social point of view. The ministry of justice will not, under the pressure of anyone, examine such an issue without calmness and composure,” he added.The Greek Orthodox Church, the largest denomination in the Eastern European nation, has called homosexuality “a perversion of human existence”.last_img read more

Geek Deals Roundup Up to 60 off Columbia Jackets Bonus 50 Price

first_imgNow that we’ve had some time to cool off from the busy holiday season, we’re now focused on what’s happening in 2018. Large stretches of the US are hitting record-low temperatures, many students are headed back to college, and the end of the football season is just a few weeks away. So if you’re on the lookout for stylish winter clothing, a new laptop for class, and a huge TV for the big game, we’ve highlighted some of this week’s best deals below.Featured Deals55-inch Samsung UN55MU6300 4K HDR-Pro Smart TV and $200 Dell GC for $599.99 at Dell (List price: $799.99).Dell XPS 13 Intel Core i7-8550U Quad-Core 13.3-inch 1080p Laptop (8GB/256GB SSD) for $1124.99 at Dell (Coupon code: XPS10 – List price: $1299.99).Extra $50 price drop! Dell Inspiron 15 7000 Intel Core i7-7500U 15.6-inch 1080p Laptop with 256GB SSD for $599.99 at Dell (Coupon code: 649INSP – List price: $959.99).Lenovo L24Q 24-inch 2560×1440 IPS Panel LED LCD Monitor for $149.99 at Lenovo (Coupon code: THINKSMB – List price: $199.99).GoPro HERO6 Black 4K@60FPS Wi-Fi Action Camera for $399 at Amazon (List price: $499).Anker Roav C1 1080p Wi-Fi Wide-Angle Dash Cam (Sony Sensor) for $50.99 at Amazon (List price: $129.99).Anker Qi Wireless Inductive Charging Pad for $12.59 at Amazon (Coupon code: ANKE2599 – List price: $17.99).Laptop and Desktop ComputersDell XPS 8930 Intel Core i5-8400 6-Core Expandable Desktop for $584.99 at Dell (Coupon code: TENOFF – List price: $649.99).Dell Inspiron 15 5000 Core i7-7500U 15.6-inch Win10 Pro Laptop with 512GB SSD for $579.99 at Dell (Coupon code: HOLIDAY579 – List price: $909.99).Dell Inspiron 15 7000 Intel Core i5-7200U 15.6-inch 1080p Laptop with 128GB SSD and 500GB HDD for $529.99 at Dell (Coupon code: INSP529 – List price: $809.99).Dell Inspiron 15 7000 Core i5-7300HQ 15.6-inch 1080p IPS Panel Gaming Laptop with GTX 1060 and 256GB SSD for $849.99 at Dell (Coupon code: 50OFF699 – List price: $999.99).Dell XPS 13 Intel Core i7-8550U Quad-Core 13.3-inch 1080p Laptop (8GB/256GB SSD) for $1124.99 at Dell (Coupon code: XPS10 – List price: $1299.99).Extra $50 price drop! Dell Inspiron 15 7000 Intel Core i7-7500U 15.6-inch 1080p Laptop with 256GB SSD for $599.99 at Dell (Coupon code: 649INSP – List price: $959.99).Lenovo L24Q 24-inch 2560×1440 IPS Panel LED LCD Monitor for $149.99 at Lenovo (Coupon code: THINKSMB – List price: $199.99).More Laptops and Desktop PC Deals here.HDTVs and Home Entertainment65-inch Samsung UN65MU7000 4K HDR Smart HDTV and $300 Dell GC for $1099.99 at Dell (List price: $1699.99).65-inch LG 65UJ6300 4K UHD Smart LED HDTV and $250 Dell GC for $899.99 at Dell (List price: $1399.99).50-inch Vizio D50-E1 4K UltraHD LED HDTV and $125 Dell GC for $479.99 at Dell (List price: $499.99).43-inch Vizio D43F-E1 Smart 1080p LED LCD HDTV and $100 Dell GC for $299.99 at Dell (List price: $349.99).55-inch Samsung UN55MU6300 4K HDR-Pro Smart TV and $200 Dell GC for $599.99 at Dell (List price: $799.99).More TV Deals here.Electronics and ComponentsDROCON U31W Navigator Kids Drone with 720p HD Camera for $59.99 at Amazon (Coupon code: WKH6DDIY – List price: $89.90).AUKEY 1080p 6-Lane 170° View Dash Cam with Sony Sensor for $49.69 at Amazon (Coupon code: AUKEYDR9 – List price: $69.99).GoPro HERO6 Black 4K@60FPS Wi-Fi Action Camera for $399 at Amazon (List price: $499).Anker Roav C1 1080p Wi-Fi Wide-Angle Dash Cam (Sony Sensor) for $50.99 at Amazon (List price: $129.99).Anker Qi Wireless Inductive Charging Pad for $12.59 at Amazon (Coupon code: ANKE2599 – List price: $17.99).More Electronics and Tech Deals here.Tools and Home Improvement, Kitchen Gadgets, and more60% off select Retail on select Columbia Down Jackets, Fleece and more – Sister Brook Down for $79.99 at Columbia (Coupon code: COLNEWYEAR60 – List price: $200).Up to 60% off select Mountain Hardware Jackets: MetaTherm 800-Fill Down Jacket for $134.79 at Mountain Hardware (Coupon code: MHWNEWYEAR60 – List price: $325).Suaoki 220Wh 20,000mAh Portable Solar Generator with 200W Inverter, DC and USB Ports for $139.90 at Amazon (Coupon code: 56U2RZ5A – List price: $199.86).Today Only: Sunny Health and Fitness Pro Indoor Cycling Bike for $207.64 at Amazon (List price: $299).Zinus Studio 10-inch Platform Bed Frame with Wood Slats (Queen) for $116.44 at Amazon (List price: $169).Gladiator GarageWorks GAWA24SKRH Accessory Kit for $75.64 at Amazon (List price: $90.99).Suaoki 400A Peak 12000mAh Car Jump Starter for $29.49 at Amazon (Coupon code: KEIA972K – List price: $49.99).Tacklife DC02 Stainless Steel Digital Caliper for $12.58 at Amazon (Coupon code: 64GTMDPV – List price: $17.97).Dr.meter SE-01 Damaged Screw Extractor and Remove Set for $6.99 at Amazon (Coupon code: 5LJ2WB7I – List price: $11.99).Powerextra Impact Socket Set 65 Pieces 1/4 Socket Wrench Set for $16.49 at Amazon (Coupon code: XPWRQKN7 – List price: $32.99).Mikafen 800-Lumens Cree XML-T6 LED Tactical Flashlights (2-PK) for $9.99 at Amazon (Coupon code: 4EWCIZXU – List price: $14.99).Mooka Desktop 20 CFM Air Purifier with True HEPA Filter for $39.99 at Amazon (Coupon code: 8N8ZRSVB – List price: $59.99).For more great deals go to TechBargains.last_img read more

Supervisor Dianne Jacob reflects on release of sexually violent predator Alvin Quarles

first_img Posted: July 31, 2019 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – She has been an outspoken critic on the release of sexually violent predators being dumped in her East County District. Dianne Jacob joined KUSI to discuss the release of another sexually violent predator. Supervisor Dianne Jacob reflects on release of sexually violent predator Alvin Quarles KUSI Newsroom July 31, 2019 KUSI Newsroom, Categories: Local San Diego News FacebookTwitterlast_img read more

The power of protein and exercise

first_imgMost people grab for their water bottles after a tough workout. But personal trainers suggest also reaching for a protein snack.Whether you’re an average gym-goer looking to stay in shape, someone trying to drop a few extra pounds or an elite athlete in training, consuming protein after working out is important, said Brian Stecker, a personal trainer at 24 Hour Fitness on Fourth Plain.“On a scale of one to 10, I’d say it’s a 10,” Stecker said.During intense training, muscle tissue is broken down. In order for it to repair and rebuild, the body needs protein, said Erica Hurd, a certified strength and conditioning specialist at LA Fitness in Orchards.“Protein is the building block of muscle tissue,” she said. “As the proteins rebuild the muscle tissue, the muscle becomes stronger.”Think of the muscle as a quilt. The patched material is now stronger than the unpatched material, Hurd said.Eating protein within 30 to 45 minutes after a workout will give the body the amino acids it needs to begin repairing the muscle, according to the trainers.That protein can come from a variety of sources.“Shakes are the most convenient way to refuel within this window, which is why they are often recommended,” Hurd said. “But if whole food options are available, that’s always a better option.”Supplements such as bars and shakes come with a warning. Many include high amounts of sugar, artificial sweeteners or fillers, Hurd said. The best option is a supplement with the fewest ingredients and lowest amount of sugar, she said.last_img read more

Sensex tumbles 600 points Yes Bank Bajaj Finance shares tank

first_imgBombay Stock ExchangeINDRANIL MUKHERJEE/AFP/Getty ImagesIndian shares ended sharply lower on Tuesday, led by a drop in automotive stocks after data showed monthly passenger vehicle sales fell at their worst pace in nearly two decades as the industry goes through a prolonged slowdown.The broader NSE Nifty ended 1.65 percent lower at 10,925.85, while the benchmark BSE Sensex closed down 1.66 percent at 36,958.16.The Nifty autos index slid about 4 percent, its worst decline since 2016, as sales of passenger vehicles to car dealers plunged 30.9 percent in July. Shares of top Indian automaker Maruti Suzuki Ltd fell 5 percent.Shares of oil-to-telecoms conglomerate Reliance Industries Ltd climbed 9.7 percent after it unveiled the sale of a portion of its oil to chemicals business to Saudi Aramco. The Nifty energy index was the only sector to end higher out of 14 sub-indexes, powered largely by Reliance.Private-sector lender Yes Bank Ltd fell 10.9 percent. The company named a new chief financial officer on Tuesday.last_img read more

16yearold commits suicide

first_imgKolkata: Two persons committed suicide and two others tried to commit suicide in two separate incidents across the city.On Wednesday afternoon, three persons including a 15-year-old boy were found unconscious inside their home at Garfa. Later, it was declaed that one of the women died. In another incident on Wednesday afternoon, a 16-year-old girl of Class XI studying in a school located at Bidhan Sarani jumped off from the roof top of the school. Also Read – Rain batters Kolkata, cripples normal lifeAccording to the sources, the residents of a housing complex on Purbachal Road at Garfa felt got a foul smell. When they tried to locate the source of the smell, they saw two women and a boy were lying unconscious inside a flat. Immediately, police was informed. The sleuths broke the door and recovered three of them and rushed to M R Bangur hospital where the woman (65) was declared brought dead. Another woman (42) and her son are undergoing treatment. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedHospital sources informed that they had consumed excessive numbers of sleeping pills to commit suicide. According to locals, the family was going through a financial crunch. Hence, they tried to commit suicide. In another incident, a 16-year-old girl committed suicide by jumping off the roof of a school building at Bidhan Sarani near Vidyasagar College. At around 3:15 pm on Wednesday, the security guards and other staff heard a loud noise. When they went to check they saw the girl lying in a pool of blood. She was immediately rushed to Calcutta Medical College and Hospital where she was admitted in a critical condition. It is suspected that she might have had an altercation with her family members regarding some issues.last_img read more

Owners of Huge Noahs Ark Replica File Lawsuit Over Rain Damage

first_imgThe biblical Noah may have survived the flooding of the planet with the construction of his ark, but for the owners of the 510-foot-long Noah’s Ark replica in Northern Kentucky, stretches of heavy rain presented such a crisis that they are suing their insurers over water damage. The Noah’s ark replica itself made it through the rain intact, a representative for Ark Encounter in Williamstown, Kentucky, informed CNN. But the rainfall in 2017 and 2018 caused a “significant landslide” on the property, which undermined an access road that leads to the wooden vessel. The harsh terrain made it dangerous to use the ship, according to the lawsuit.Noah’s Ark – a life-sized reconstruction of Noah’s Ark, built according to the dimensions given in the Bible. Williamstown, KY. Photo by Jameywiki CC BY-SA 4.0Melany Ethridge of Ark Encounter said that the waters failed to reach biblical proportions. “Contrary to some reporting, the damage to certain areas of the Ark Encounter themed attraction was not caused by a ‘flood,’ ” she said in an email to CNN. “The ark was built on bedrock and was never in jeopardy.”The repairs cost around $1 million, according to court documents that say insurers told the owners of the ark that opened in 2016 to go ahead with the repairs. But since then, the insurers have reportedly only paid “a very small portion” of the cost. The 77-page lawsuit filed in U.S. District Court asks for compensatory and punitive damages.Ark Encounter in Williamstown, Kentucky.“You got to get to the boat to be on the boat,” Ethridge told the Courier-Journal.A spokesperson for the law firm filing the suit said, “The lawsuit speaks for itself. We don’t have anything to add at this time, other than to say that we are highly confident of the merits of our case as we seek a fair resolution to the matter.” The statement also said Ark Encounter guests have been unaffected by the work being done at the access road. “Hours of operation were never affected.”Noah’s Ark exhibit at the Creation Museum in Kentucky. Photo by Chris Light CC BY-SA 4.0On its website, Ark Encounter said, “Prepare to be blown away as you explore the life-sized reconstruction of Noah’s Ark. Built according to the dimensions given in the Bible, Ark Encounter is a jaw-dropping structure you’ll want to bring your whole family to see.”Related Video:The park website asks: “How big was Noah’s Ark? How did Noah fit all the animals? How did Noah feed and care for all the animals? How did Noah build the Ark? We built the full-size Noah’s Ark to answer these questions—and more! As you enter Noah’s world aboard the massive Ark, you’ll tour three decks filled with scores of world-class exhibit bays. These stunning exhibits allow you to experience what Noah’s life may have been like.”Ark replica in Dordrecht, Netherlands. Photo by Ceinturion CC BY-SA 3.0A one-day ticket to the Noah’s ark replica costs between $15 and $48.  Ark Encounter has claimed attendance of at least 1 million visitors a year, though that number has been disputed.Ark Encounter opened on July 7, 2016, a date (7/7) that was selected to link to the 7:7 passage in Genesis: “And Noah and his sons and his wife and his sons’ wives entered the ark to escape the waters of the flood.” Answers in Genesis, a creationist religious organization that believes God created the Earth in six days and that the world is 6,000 years old, is the force behind the building of the modern-day re-creation.Noahs ark replica in the port of Schagen, Netherlands. Photo by Ceinturion CC BY-SA 3.0While Noah is said to have taken from 55 to 75 years to build his ark, the new ark was raised in Kentucky in two years. Once it was constructed, Noah herded the world’s animals, two by two, into his vessel. There are no live animals in the ark in Kentucky, but lots of models for visitors to see.Related Article: Titanic II to Set Sail in 2022 Retracing the Original RouteThe ark, which cost a rumored $100 million to build, has been the subject of controversy all along. Answers in Genesis was awarded a tax break by the state, which led to cries of separation of church and state and ensuing legal fuss.Nancy Bilyeau, a former staff editor at Entertainment Weekly, Rolling Stone, and InStyle, has written a trilogy of historical thrillers for Touchstone Books. Her new book, The Blue, is a spy story set in the 18th-century porcelain world. For more information, go to www.nancybilyeau.comlast_img read more

Travelweek takes a time out with Condominium Rentals Hawaii

first_imgTravelweek takes a time out with Condominium Rentals Hawaii Share Tuesday, December 6, 2016 It’s no secret that many Canadians love booking condo properties for their Hawaii vacations. The trend started decades ago, since the majority of Canadian visitors to Hawaii typically opt for longer stays. This trend also took hold at a time when the U.S. dollar maintained a stronger position over the Canadian dollar.Now that Canadians are facing those times again, accommodation providers like Condominium Rentals Hawaii (CRH) may be a saving grace – offering accommodation options with full kitchens for cooking meals and space for families. Travelweek took some time with CRH to learn a little bit more about how it can help Canadian travel agents make their clients’ Hawaiian dreams come true. Travelweek: On what islands are CRH’s properties located and who are the clients you cater to most?CRH: “CRH is a family-owned company and has been offering top-quality accommodations since 1982. Presently CRH offers 16 vacation condo properties on Maui, and four on Kauai. We have a commitment to quality accommodations at outstanding value and strive to offer efficient service so guests will have the most remarkable vacation. On Maui we have acquired condos at Wailea Elua Village and Wailea Grand Champion. On Kauai most recently we have acquired Makahuena, located in Poipu.”Travelweek: Canadians are still itching to get to Hawaii, even though they now have to combat a low Canadian dollar. How can CRH help Canadian travel agents make a Hawaii vacation a reality for their clients? CRH: “Because we offer a variety of properties, both beachfront or near sandy beaches, we offer something for every budget. This includes traditional hotel rooms, studio, one and two bedroom condos. The CRH fabulous condo/car package has become very popular with guests and also includes one free additional driver.“The car/condo package, from now until Dec. 16 is US$122.80 per night, plus tax and fees. The condo/car package starting Jan. 1 and running until March 30 is $205 per night, plus tax and fees. These rates are based on a Studio condo at Kihei Akahi and a four-door compact car. The rate is also based on two adults.”Travelweek: What commission do you offer to agents booking with CRH? Are there any agent incentives you are also currently provide? CRH: “The starting commission for our condos or condo/car packages is 10%. This commission is on a sliding scale and will also vary by property.”Travelweek: What are some of the other specials you are featuring over the winter months? CRH: “We also work with our Canadian wholesale partner TravelBrands where agents can take advantage of ongoing winter specials.” Posted bycenter_img Tags: Hawaii << Previous PostNext Post >> Travelweek Group last_img read more

Private security industry grows as organized crime spreads through Central America

first_imgNo related posts. By Juan José RodríguezAFPPANAMA CITY – Rising crime rates caused by organized criminal groups in Central America, one of the world’s most violent regions, is causing an increase in the number of private security guards operating on the isthmus, primarily in the area known as the “northern triangle,” which includes El Salvador, Guatemala and Honduras.Throughout the region, security analysts said, a lack of public security forces has led to a boost in the private security business.According to recent statistics from the Pan-American Private Security Federation, more than 200,000 private security guards work in Central America, most of them performing their duties in informal jobs.In the northern triangle, the concentration of private security services is a response to organized crime and violent street gangs, known as “maras” or “pandillas.”“The northern triangle is an area that has severe security problems, and therefore, it has the most number of private security personnel,” Omar Garrido, a representative to Central America for the international security consulting firm Asis, told AFP.Garrido estimated the actual number of private security personnel in the region at about 300,000, of which an estimated 200,000 operate in the northern triangle.Growth of the region’s private security sector totals approximately 8 percent annually in an area that has the highest homicide rates in the world, according to the United Nations.Honduras, with a homicide rate of 92 per 100,000 residents, is the most dangerous country not currently at war. El Salvador is next, with 69 homicides per 100,000, followed by Guatemala with 39.According to the U.N., Mexico’s war on illegal drug cartels has forced organized criminal networks to spread to neighboring countries in the northern triangle, where they operate in an environment marked by poverty, youth unemployment and government corruption.Rubén Fajardo, a security consultant, said that while “authorities focus more attention on organized crime, matters of ‘common’ or everyday crime are left unattended, and the private security sector increasingly is stepping in to provide protection.”Fajardo, who participated this week in a private security industry forum held in Panama, said the sector has seen “enormous growth” in the past 15 years.In Guatemala, the number of private security guards outnumber the country’s 24,000 police officers by four to one. In Honduras, there are twice as many private security guards as the country’s 29,000 police officers.In Costa Rica, which has lower crime statistics than its Central American neighbors in the northern triangle, the number of private security guards also doubles the 13,000 public police officers.Kidnappings, extortion and armed robbery of cargo containers shipped via Central America’s highways are among the crimes that most worry the region’s business owners, who represent a large percentage of private security firms’ business.“We have more customers because there is a greater movement of goods and people, and that raises the risks,” one Central American security business owner, who asked to remain anonymous, told AFP. “Just as we speak of the globalization of the economy, we must also talk about the globalization of crime, which affects every facet of society.”An estimated 14 cargo containers are stolen each week in Honduras, as well as 10 in Guatemala and eight in El Salvador, he said.However, the majority of private security guards in the region are poorly paid and lack adequate training to confront organized criminal elements. In many cases, private security guards also commit crimes or are paid off by drug traffickers, experts said.“If drug traffickers are able to buy police chiefs, why wouldn’t they be able to hire other people with less power?” said Ernesto Alvarado, president of Asis in Panama.“Temptation will always be there,” Garrido said, adding that private security guards should be paid “sufficiently so that there is no temptation to commit a crime.”Fajardo also said that private security companies are sometimes used to launder money in Central America, although he stressed that most are legitimate companies. Facebook Commentslast_img read more

Cole Taylor Enters Commercial Equipment Industry

first_img in Data, Government, Origination, Secondary Market, Servicing, Technology “”Taylor Capital Group, Inc.””:http://www.tcapitalgroup.com/, is set to capitalize on the nation’s construction industry. The company recently announced that its subsidiary “”Cole Taylor Bank””:http://www.coletaylor.com/ has launched a new equipment financing division for the commercial sector.[IMAGE]The bank’s new unit will be known as Cole Taylor Equipment Finance, and according to a statement from Taylor Capital, the division represents Cole Taylor’s third national line of business. In establishing equipment financing operations, the bank will welcome Edward A. Dahlka, Jr., as the division’s president.[COLUMN_BREAK] Dahlka boasts more than four decades of experience in leasing and equipment financing, and he has previously performed as the president of LaSalle National Leasing Corporation. The bank will also gain four additional employees from LaSalle as Dahlka takes over, and Steven Williams, Peter J. Steger, Joseph A. Maddox, and John A. Hurt will be teaming up with Cole Taylor to lead the commercial equipment division.””I am very pleased to welcome Ed and his team to Cole Taylor,”” said Mark A. Hoppe, president and CEO of Cole Taylor. “”I’ve known Ed for many years, and the highly-experienced team has an established network in the marketplace. I’m confident they will build a successful and sustainable line of business for the bank. We expect that Cole Taylor Equipment Finance will become a strong source of balance sheet growth and fee revenue for the bank and further contribute to the diversification of our earnings.””Dahlka added his thoughts, noting, “”I’m delighted to have joined Cole Taylor Bank. My team shares with Cole Taylor a dedication to customer service and a commitment to trust and transparency. Our team averages more than 25 years in the leasing business, and we’re looking forward to bringing our experience and expertise to this outstanding organization. Our customers and market participants will see that the deals we structure will be exactly what we deliver.”” July 19, 2012 453 Views Cole Taylor Enters Commercial Equipment Industrycenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-07-19 Abby Gregory Sharelast_img read more

Refinance Share Slips in November as Purchase Loans Climb

first_imgRefinance Share Slips in November as Purchase Loans Climb December 19, 2012 417 Views Share in Data, Originationcenter_img Agents & Brokers Attorneys & Title Companies Credit Standards Ellie Mae Investors Lenders & Servicers Loan-to-Value Ratio Processing Refinance Service Providers 2012-12-19 Tory Barringer Purchase originations gained a bit more ground on refinances in November, according to “”Ellie Mae’s””:http://www.elliemae.com/ latest “”_Origination Insight Report_””:http://www.elliemae.com/origination-insight-reports/EMOriginationInsightReportNovember2012.PDF.[IMAGE]The report draws data from a sampling of loan applications that flow through Ellie Mae’s Encompass360 software and the Ellie Mae Network. By the company’s estimate, more than 20 percent of originations in the United States pass through its network. Loan applications sampled for the report are typically initiated 90 days prior (August, in this case) to account for the time that passes between application and closing.According to the findings, refinance originations pulled back slightly to represent 68 percent of loans closed, down from 69 percent in the October report. Meanwhile, the share of purchase loans increased to 32 percent from 31 percent previously.Though refinances are slowly losing ground, refinance share remains well above its May level, when refinance and purchase shares were fairly equal (54 percent to 46 percent, respectively).[COLUMN_BREAK]The closing rate on all loans was 52.3 percent, down from October’s 54.5 percent but up from every other month in the past year. The closing rate for purchase loans slid down a bit, dropping to 60.8 percent, while refinances took a relatively big hit, falling to a 48 percent closing rate. Conventional mortgages made up 73 percent of total activity, a slight slip down from 74 percent reported in October. The share of mortgages insured through the Federal Housing Administration (FHA) remained flat at 19 percent, unchanged from October and September.The average number of days to close a loan in November was 50, a drop from 54 days in October. While purchase mortgages took a bit longer to close (48 days compared to 47 days previously), refinance closing times shortened significantly, falling from 57 days to 51 days.The average FICO score for loans closed in November’s report stood at 750 for the fourth straight month, while the average FICO score for denied loans bumped up a bit to 707. The average loan-to-value ratio (LTV) for closed first-lien loans increased one percentage point to 79 percent, while the average LTV for denied loans dropped to 86 percent. The average FICO score for closed FHA loans dropped two points in both the purchase and refinance categories to 698 and 716, respectively. The share of conventional finances with a LTV of 95 percent or higher rose for the third month in a row, reaching 9.62 percent. According to Ellie Mae COO Jonathan Corr, the continued increases in high-LTV refinances is a sign “”that HARP may still have some legs.””last_img read more

CFPB Announces Rules to Reform Originator Compensation

first_img Hours after issuing “”guidelines””:https://themreport.com/articles/regulators-unveil-appraisal-rules-for-lenders-2013-01-18 to govern appraisal disclosures, the “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ announced more new rules designed to shape up origination practices.[IMAGE]The new regulations prohibit what the bureau calls “”steering incentives,”” such as compensating originators based on loan terms. Under the rules, brokers and loan officers cannot get paid more if the consumer takes a loan with a higher interest rate, a prepayment penalty, or higher fees.Furthermore, the originator cannot be paid more if the consumer agrees to buy additional services (such as title insurance) for the lender or one of its affiliates. The rules also say that loan originators cannot get paid by both the consumer and another party (such as the creditor), a practice that may lead to a conflict of interests.[COLUMN_BREAK]””These rules recognize that people tend to do what they get paid to do,”” said CFPB director Richard Cordray in prepared remarks. “”By removing financial incentives for originators to push borrowers toward risky loans, we are ensuring that the mortgage market will be more stable and sustainable, and consumers will be better protected.””In addition, the final rule implements Dodd-Frank provisions that prohibit mandatory arbitration agreements and the increasing of loan amounts to cover credit insurance premiums.The new rules also establish screening and qualification standards for different types of loan originators, including character and fitness requirements, financial responsibility reviews, and criminal background checks. There is also a requirement for periodic training to ensure originators are knowledgeable about the rules governing the types of loans they originate.Absent from the set of rules is a proposal from August that would require originators to offer loans without upfront origination fees (assuming they also offer a loan that does feature upfront fees). CFPB scrapped the proposal based on comments from industry groups and will evaluate the issue once all the other rules are put into place.Most of the rules will take effect January 2014. The prohibition on mandatory arbitration and on the financing of credit insurance take effect June 2013, the bureau announced.The final rules will be available January 20 on CFPB’s website. January 18, 2013 447 Views CFPB,CFPB Announces Rules to Reform Originator Compensation in Originationcenter_img Agents & Brokers Attorneys & Title Companies Consumer Financial Protection Bureau Dodd-Frank Investors Lenders & Servicers Origination Points Regulation Service Providers 2013-01-18 Tory Barringer Sharelast_img read more