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Migiro urges greater support for GuineaBissau and other postconflict nations

11 July 2007Deputy Secretary-General Asha-Rose Migiro today called for greater international support to Guinea-Bissau and other African nations emerging from conflict, following a visit to the small West African nation last week. “The fact remains that Guinea-Bissau as well as other countries in the region that are coming out of conflict need more and sustained support from the international community if they are to consolidate peace and address the socio-economic and other root causes of conflict,” Ms. Migiro said at a press conference in New York. Briefing reporters on her recent trip, which also took her to Austria, Ghana and Kenya, she said Guinea-Bissau remains in a “fragile, post-conflict period,” noting that the country is now facing a growing problem of drug trafficking and organized crime, in addition to its long-standing development challenges.Secretary-General Ban Ki-moon, in his latest report on the activities of the UN Peacebuilding Support Office in Guinea-Bissau (UNOGBIS), also described organized crime, particularly drug trafficking, as presenting “a new and growing” problem in the country, while the Security Council raised similar concerns in a press statement yesterday.Ms. Migiro said that although the UN is supporting the Government in addressing the country’s “daunting challenges,” long-term international assistance to the country – which has witnessed rising political and social tensions and a deteriorating economic situation – remains crucial. Ms. Migiro’s visit – intended to reaffirm UN support for Guinea-Bissau’s ongoing efforts to consolidate peace, national reconciliation and constitutional governance – was the first-ever official visit of a Secretary-General or Deputy Secretary-General since that nation joined the Organization in 1974. She added that she was particularly struck by a visit to an HIV and AIDS counselling and treatment centre in the country, noting that “like in many other countries in Africa, AIDS is having a devastating impact on the lives and economies of communities in Guinea-Bissau.”Therefore, fighting the spread of HIV cannot be achieved without the sustained involvement of all sections of society, including civil society organizations, the Government, media and the health-care community, she stated.In Nairobi, where she attended a conference with women leaders, the Deputy Secretary-General also highlighted the UN’s role in fighting the alarming spread of HIV, especially among women and girls. She stressed the need to tackle the “drivers of the spread of the disease,” particularly the issue of gender inequality, and emphasized that “we must all work together to promote women’s empowerment as a way to fight HIV and AIDS.”Ms. Migiro stopped off in Guinea-Bissau following an official visit to Austria, where she addressed the 7th Global Forum on Reinventing Government hosted by the UN in Vienna, and just prior to attending the annual summit of the African Union in Accra, Ghana, which she addressed on behalf of Mr. Ban. read more

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Tweet could get Elon Musk in trouble with regulators – again

NEW YORK — Once again, Tesla CEO Elon Musk could be in hot soup with U.S. securities regulators, this time for tweeting a forecast for solar roof production.At 8:54 p.m. Monday, Musk responded to a Twitter question about progress on roof manufacturing by saying he hopes to make about 1,000 per week by the end of this year.Unless the tweet was approved by a company securities attorney, it likely would violate a court-approved settlement with the Securities and Exchange Commission.That pact requires Musk to get the lawyer’s approval before writing about Tesla topics that weren’t previously disclosed. It doesn’t appear that Tesla has disclosed any public solar roof production forecasts of late.The SEC wouldn’t comment on the tweet. Tesla wouldn’t say whether it was approved by a company lawyer.The Associated Press read more

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Telus CEO tears strip off hedge fund and will still pursue one

Telus CEO tears strip off hedge fund and will still pursue one class of shares by LuAnn LaSalle, The Canadian Press Posted May 9, 2012 5:59 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Telus will quietly pursue a single-class share structure to prevent another investor from scuttling the plan, the telecom company said Wednesday as its chief executive lambasted a U.S. hedge fund he said was responsible for the failure of its latest attempt.CEO and president Darren Entwistle accused New York-based Mason Capital Management of manipulating the market for short-term financial gain with a practice called “empty voting” hours after the telecom company withdrew its share consolidation plan, saying it was unlikely to succeed.“Empty voting is a troubling and disgraceful practice that gives a hedge fund considerably more votes than its economic interests warrant,” Entwistle said Wednesday via webcast from the company’s annual meeting in Edmonton.The Vancouver-based telecom company withdrew its proposal to have a single class of common shares early Wednesday before a shareholders’ vote after acknowledging the U.S. hedge fund would have defeated the plan. The plan needed the approval of two-thirds of votes cast by each class of shareholder and a low proxy voter turnout would have favoured Mason Capital.Mason Capital owns nearly one-fifth of Telus’ voting stock, but has also disclosed that it is short selling the company’s non-voting shares. Short sellers make a profit when the stock price falls.Chief financial officer Robert McFarlane said Telus will come back with a similar proposal to convert the non-voting shares into voting shares on a one-to-one basis.“But the exact details of how and when we might do that —that’s for us to know and others to speculate on,” McFarlane said after the meeting.“Given the lessons of this experience, we want to keep our intentions close to our breast for now.”Telus said Mason Capital only took an ownership position in Telus after the company announced in late February it planned to convert non-voting shares into common voting shares.Mason owns 33 million voting shares, or 19 per cent, and shorted almost the same amount in non-voting shares, essentially betting the price of those shares will fall if the share consolidation plan was defeated.It is a legal trading strategy in Canada based on the traditional gap in prices between the voting and less desirable non-voting shares.“In this case, Mason Capital was voting $1.9 billion worth of Telus’ common shares with only a $25 million net economic stake,” Entwistle told shareholders.The failure of Telus’ share conversion plan is expected to be widely studied. B.C. regulators have already said they are looking into the practice of empty voting.“It’s going to be studied in all of the law schools and beyond because of the results where Mason successfully blocked this proposal — despite 92.4 per cent of the non-Mason shareholders voting for the proposal — is unbelievable,” McFarlane said.Telecom analyst Troy Crandall agreed what happened to Telus with empty voting will be studied.“It will go down in textbooks as a case study because it’s a very unique situation,” said Crandall of MacDougall, MacDougall & MacTier, adding that Mason Capital will also make money if it unwinds its position in Telus.“This was a very solid money making proposal, or arbitrage opportunity that was presented to them,” he said. “It allowed them to basically take a long and a short position with virtually no money down.”If Telus remains committed to its one-to-one conversion plan, the company could be faced with hedge funds repeating the tactic.“Now that everybody knows the trick, it will happen quicker and it will probably be more extreme. Everyone knows the little trick now that Mason had done,” Crandall said.Telus employees collectively own 8.2 million common shares and, as the company’s largest owner of voting shares, were disadvantaged by what Mason did because they approved of the conversion, he said.“They’re certainly not here for the long haul, unlike our team members and our true committed long-term shareholders,” Entwistle said.However, Mason Capital thanked shareholders who voted against the proposal and said there’s no reason to think it won’t be a long-term shareholder in Telus.“Many have expressed that they paid a higher price for the rights and privileges that come with voting shares and believed that this proposal dilutes this valuable right without compensation,” the hedge fund said in a statement.“Genuinely good governance respects the rights and powers of all shareholders as defined by the articles of the company. There is no reason to assume that Mason Capital will not be a long-term shareholder of Telus.”Also on Wednesday, Telus posted a six per cent increase in net profit to $348 million or $1.07 in earnings per share in its first quarter. That compared with a net profit of $328 million or $1.01 per share in the same quarter in 2011.Revenue was up four per cent to $2.6 billion from $2.5 billion in the same quarter last year, driven by its wireless and TV services.Analysts’ estimates compiled by Thomson Reuters pegged revenue at $2.65 billion in its first quarter. Earnings per share was estimated at $1.04.Telus had 63,000 postpaid net subscribers, customers generally on lucrative three-year smartphone contracts, in the quarter. That compares with 62,576 net postpaid subscribers for BCE Inc. (TSX:BCE) and 47,000 for Rogers Communications Inc. (TSX:RCI.B).Shares in Telus were down three cents to $58.13 on the Toronto Stock Exchange while non-voting shares were down 85 cents to $56.15 on the NYSE. read more

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US home prices declined in December for 2nd straight month as housing

by Christopher S. Rugaber, The Associated Press Posted Feb 25, 2014 7:02 am MDT FILE – In this March 5, 2013 file photo, a home is for sale in Auburn, N.H. Standard & Poor’s/Case-Shiller reports on home prices in December on Tuesday, Feb. 25, 2014. (AP Photo/Charles Krupa, File) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.The Standard & Poor’s/Case-Shiller 20-city home price index declined 0.1 per cent from November to December, matching the previous month’s decline. The index is not adjusted for seasonal variations, so the dip partly reflects slower buying as winter weather set in.For all of 2013, however, prices rose by a healthy 13.4 per cent, mostly because of big gains earlier in the year. That was the largest gain in eight years. Yet that increase may be putting some homes out of reach for many buyers.The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The December figures are the latest available.“Gains are slowing … and the strongest part of the recovery in home values may be over,” said David Blitzer, chairman of the S&P’s index committee. “Higher home prices and mortgage rates are taking a toll on affordability.”Even some cities in warmer areas saw declines. Home prices in Phoenix fell 0.3 per cent, the first drop after 26 months of big increases.Only six cities recorded higher prices in December: Dallas, Las Vegas, Miami, San Francisco, Tampa, Fla., and Washington, D.C. Home prices in all 20 cities rose compared with a year ago.The housing market has weakened in recent months after a healthy recovery in 2013.Sales of existing homes plunged in January to the slowest pace in 18 months. And builders broke ground on 16 per cent fewer homes in January compared with December, the Commerce Department said this week. That was the second straight decline.Builders also requested fewer permits in January for the third straight month, suggesting construction remained weak this month.The declines came after existing home sales reached 5.1 million in 2013, the best showing in seven years. And builders started work on 976,000 houses and apartments last year, the most in six years. US home prices declined in December for 2nd straight month as housing recovery slows read more

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How to thwart the growing threat of financial abuse of the elderly

by David Hodges, The Canadian Press Posted Jun 15, 2017 8:00 am MDT Last Updated Jun 15, 2017 at 8:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email How to thwart the growing threat of financial abuse of the elderly TORONTO – Elder abuse expert Lynn McDonald routinely fields calls concerning financial exploitation, but none more dramatic than a recent incident involving a woman in Saskatchewan who was nearly bankrupted by one of her own adult children as she underwent hip replacement surgery.“The daughter convinced the mother to sign over everything to her while she was sick in hospital and then she’d get it back after she came out,” says McDonald, director of the Institute for Human Development, Life Course and Aging at the University of Toronto.“But she sold the mother’s house right under her, and took all her possessions. When the discharge went through, the mother came out of hospital with nothing but a pension.”McDonald says 2.6 per cent of Canada’s growing population of residents 55 years of age and older are financially abused, making it the second most common form of elder abuse.With the spotlight on elder abuse awareness throughout June, she says it’s critical for seniors to understand how to protect themselves from financial abuse given that the majority of cases will involve people who are close to them.Laura Watts, a Toronto lawyer who focuses on elder law issues, says the prototypical “unsuccessful son in the basement” accounts for about 75 per cent of elder financial abuse cases perpetrated by family members.“Often this person may have some type of dependency or some kind of alcohol problem or failure to launch,” she says. “They’ll start isolating the mom or older person and start cutting off social relationships.”It’s at that point that the adult child may pressure their elderly parent to sign a power of attorney or put assets into joint accounts.While Watts notes that lots of people will have good experiences with such financial arrangements, that doesn’t mean they should automatically select one of their children when they’re going through a planning process.“There’s a lot that goes into it and you could be asking that person to make decisions for you for up to 20 or 30 years,” she says.“If you’re a person, for instance, that’s 70 years old who gets dementia and cognitive impairment you may live until 90 or 95, so it could be a very long-term job.”Picking someone with budgeting acumen and who isn’t in financial stress themselves is critical.“You should always pick someone who doesn’t need money,” Watts says. “It’s very easy to slide your hand into that cookie jar.”Financial arrangements can also be made at arm’s length through a trust company, which can provide additional access to services including tax preparation, investment management, banking services and more.“That makes things very safe,” Watts says. “They will take a percentage, which is small, but what you’re buying is comfort and safety that something would be done to a fiduciary standard.”Older people who already have financial arrangements in place with a family member or acquaintance should also be vigilant for red flags such as new bills suddenly being paid or an inordinate or unusual number of financial transactions, says Leanne Kaufman, head of RBC estate and trust services.“Watch for changes in financial spending patterns or the types of places where money is spent,” she says.“Also bear in mind that this doesn’t just affect the ultra-wealthy. Everyone who is potentially vulnerable to elder abuse is potentially at risk for financial abuse.”Follow @DaveHTO on Twitter. read more

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IHF Treasurer CHF President and SEHA Chief Sandi Šola has been arrested

As we wrote yesterday, the Croatian police has been preparing the arrest of Sandi Šola on his return from Skopje where the F4 in SEHA regional league is taking place. The IHF Treasurer and Croatian Handball Federation has been arrested early in the night as he crossed the Croatian border on his return from Skopje.As we wrote, Sandi Šola is charged with fraud and embezzlement in Karlovacka Bank between 2007 and 2012 when he played active part in the bank, and together with other family members damaged the bank of up to 85 million kunas, or 11 million euros. ← Previous Story Russia: Zvezda without Play-Off Final – Zdravko Zovko sacked! Next Story → Women’s EHF CL: Gyor in the final after thriller! ihf treasurerkarlovackaSandi ŠolaSEHA

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Maladie dAlzheimer quels aliments et pratiques sportives pour léviter

first_imgMaladie d’Alzheimer : quels aliments et pratiques sportives pour l’éviter ?Monde – La maladie d’Alzheimer est un sujet qui préoccupe les scientifiques du monde entier. Des chercheurs anglo-saxons se sont penchés sur l’efficacité de divers régimes et pratiques censés prévenir l’apparition de la maladie.La Conférence internationale sur la maladie d’Alzheimer qui s’est tenue à Hawaï fut l’occasion pour les chercheurs des quatre coins de la planète de partager leurs découvertes. Les Anglo-Saxons proposent des comportements à adopter au quotidien afin de freiner l’apparition ou l’évolution de cette dégénérescence mentale. À lire aussiMaladie d’Alzheimer : définition, symptômes, traitement, stades, test, de quoi s’agit-il ?L’université de Californie conseille ainsi une consommation quotidienne de thé ou de café. Les personnes suivant ces préconisation verraient en effet, à partir de 65 ans, les signes de démence diminuer de 37% pour les buveurs de thé et de 20% pour les buveurs de café.A New York, on s’est intéressé à la consommation de noix. Elles amélioreraient considérablement les aptitudes du cerveau.L’université de médecine de Boston a, elle, mis en évidence les bienfaits du golf ou encore du jogging. De façon plus générale, l’exercice et l’exposition au soleil seraient de bons moyens de lutte contre la maladie d’Alzheimer. Enfin, au Royaume-Uni, des chercheurs de l’université d’Exeter pointent du doigt les carences en vitamine D. Il faut donc faire le plein avant 65 ans. Le 14 juillet 2010 à 15:53 • Emmanuel Perrinlast_img read more

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Xbox Play Anywhere launches heres how it works

first_imgWith the launch of ReCore, Microsoft has started its Play Anywhere initiative. Users can now purchase a digital game on either Xbox One or PC (via the Windows Store) and have access to it on both platforms. Players can play on Xbox One and then move over to play on PC (and vice versa) and have their progress, including achievements, carry over. Play Anywhere gives players more freedom to play where and how they want, but how does it all work exactly?The first thing you’ll need is the Windows 10 Anniversary Update installed on your PC along with the latest update for Xbox One. Without those, you will not be able to get Play Anywhere working. I know this first-hand because I tried to download ReCore from the Windows Store after purchasing it from the Xbox One store to no avail. After wracking my brain trying to figure out the problem, I realized I needed to update Windows.After doing that, I was able to log into my account (the same one I linked to my Xbox account) and downloaded ReCore easily.I bought ReCore from the Xbox store on the Xbox One, but there are other ways to get Play Anywhere titles. Users can purchase these games from the Xbox App on Windows 10, iOS, and Android. They can also purchase games from the Windows Store, Xbox.com, Microsoft.com, or from a digital game code that is sold in stores. The best part is that once you purchase a game from any one of these places, you will not have to pay an additional fee in order to play it on either Xbox One or PC.As I mentioned above, all of your achievements and game progress carries over to whichever system you’re playing on. All DLC, including add-ons, season passes, consumables, and in-game unlocks also transfer over. Though you can transfer information between Xbox One and PC, you cannot be logged into both devices at the same time.Moving forward, all Xbox One exclusives will feature Play Anywhere functionality. This includes upcoming titles like Forza Horizon 3, Gears of War 4, Halo Wars 2, Sea of Thieves, and Scalebound.last_img read more

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Lacazette could play at number 10 – Bould

first_imgArsenal’s assistant manager Steve Bould discussed the potential new role in the team for Alexandre Lacazette ahead of his return against Stoke City after he was out due to a knee injury.It is not clear yet whether Lacazette will be a part of the starting lineup as he is a direct competitor for the right to lead the attack to Arsenal’s winter transfer window signing Pierre-Emerick Aubameyang.“He’s actually a very, very, very good football player. He could play at number 10 – he’s really good,” Bould shared, according to Football.London.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“He’s not just a goalscorer, he’s not an out-and-out striker, he can play.”“The physical element has surprised him and caught up with him, which it does to many players who come from abroad. We’re hoping he comes back sharp.”“This little break might have done him the world of good actually. The Premier League is absolutely different compared to the French league,” Bould went on to add, addressing the break Lacazette took, due to injury.last_img read more

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FirstHalf PIB Numbers Show Modest Growth

first_imgOf the five categories that saw page drops, food and food products dipped the farthest in the second half at -11.7 percent. The Home furnishings and supplies category was not far behind at -11.4 percent. According to the PIB numbers, this is the fifth quarter in a row of overall gains. The full results are posted here. The data source for consumer magazine advertising, the Publishers Information Bureau [PIB], released figures on the industry’s print growth for the first half of 2011 Monday afternoon, showing a slight overall gain from the same period in 2010 for ad pages.There was a 1.3 percent increase in ad pages when compared to January through June of 2010, totaling 79,426.11. PIB also recorded a 0.3 percent gain in ad pages, or 43,671.20, for the second quarter.Seven of the 12 major advertising categories saw an increase between January and June of this year, the three sectors that showed double-digit page gains included toiletries and cosmetics, automotive and financial, and insurance and real estate.Of those categories, five contributed growth in the second quarter of 2011—apparel and accessories; drugs and remedies; financial, insurance and real estate; retail; and toiletries and cosmetics—with the last category showing the highest gains in the second quarter. According to a news release, this category benefited from an apparent increase of ads for perfumes, hair care products and cosmetics, as well as toiletries aimed at men.last_img read more

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Honda CRV Diesel Likely to Hit Indian Market in 2015 Report

first_imgHonda is reportedly gearing up to launch the new CR-V diesel in India, claims a new report.Honda, which kick-started its diesel drive in India with the launch of Amaze, followed by the City, is now said to have the CR-V diesel for India on the cards. Honda is considering a higher displacement diesel engine for its CR-V in India, and the vehicle is likely to hit Indian markets somewhere in 2015. Considering the latest diesel moves of Honda, the CR-V diesel is likely to be a reality soon, according to the AutoCar India report.  The India-bound version of the CR-V diesel is rumoured to get a 1.6-litre i-DTEC diesel engine, which can churn out a 118 break horsepower (bhp) and a massive 300 Nm torque. It is expected to get a starting price of ₹25 lakh. The report also said that Honda CR-V’s new diesel engine might also be manufactured locally at the company’s manufacturing plant in Tapukara.Honda’s diesel Amaze and City have been recording tremendous response in the country, and the company is to expand its diesel portfolio, with its upcoming Mobilio MPV and Jazz diesel.The Mobilio MPV, which made its appearance at the Auto Expo, along with the new Jazz, is likely to mark its entry into the domestic market by the end of 2014. Under the hood, the petrol model of Honda Mobilio will pack a 1.5-litre i-VTEC motor, which can churn out a power of 117bhp. Whereas the diesel variant will come with 98bhp and1.5-litre i-DTEC diesel unit.A recent report had suggested that the new Jazz diesel will see the launch in India only by 2015.last_img read more

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BMW launches James Bondinspired car that you can remotely control

first_imgClose Ever wanted a car filled with hi-tech gadgets like James Bond? Well now you can. BMW has launched its new 7 Series model, the worlds first series of cars that can park itself via remote control. Using just your key fob, owners will be able to manoeuvre in or out of parking spaces or garages without anyone at the wheel.Thats not the only new piece of hi-tech in the BMW 7 Series. The car also comes packed with gesture technology, allowing the driver to control the infotainment system with just the wave of their hand.Adrian van Hooydonk, BMWs head of design, explained to IBTimes UK how the gesture control system would work.He said: The gesture recognition is something very interesting because you no longer have to touch the screen, you just move your hands in front of the screen.For example if a phone call comes in you can accept the call with one hand gesture, or decline the call and it goes to voicemail with another hand gesture.With former high-end novelties such as infotainment systems and Bluetooth hands-free sets now present in most new cars, cutting-edge technology has become increasingly important for manufacturers to make their luxury vehicles stand out from the crowd.I think luxury by definition offers the customer more than he or she expects. In a luxury car, I believe its a combination of traditional elements like perfect fit and finish, craftsmanship, fantastic materials and also new things like hi-tech elements, intelligence and a certain warmth and comfort and overall well-being, Van Hooydonk said.The luxury car market continues to grow, with BMW leading the way with 1.8 million vehicles sold in 2014. Rival manufacturers are increasingly introducing groundbreaking technology like this as they try to both keep existing customers and lure new ones. So do not be surprised if luxury cars continue to take influence from Hollywood movies in the future.last_img read more

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Boeing predicts Asia Pacific will dominate the skies by 2028

first_img<a href=”http://www.etbtravelnews.global/click/28294/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Boeing has predicted that the Asia-Pacific will dominate the world in terms of airline activity within the next two decades. The forecast says that the airlines in Southeast Asia will require more than 2,100 new aircraft valued at approximately US$330 billion. Randy Tinseth, Marketing Vice-President of Commercial Airplanes at Boeing revealed the carrier’s forecast and market data at an international and Southeast Asian commercial airplane market media conference on Tuesday. According to Tinseth, the global air industry will require 29,000 additional aircrafts through 2028, with a market value of US$3.2 trillion. “It is encouraging that 27 percent of our 20-year forecast already is on order,” Tinseth said.“Equally important is that this backlog is well balanced – by type of airplane, by airline business model, and region of the world.” Tinseth said that after having suffered through the recession and volatile fuel prices, the airline industry might experience a peak similar to the one seen in 2008 but not before 2010. He said the recession has bottomed out and noted some improvements, but he warned that a global recovery will be a long and arduous process. He said the increase in air traffic in Southeast Asia will outpace the region’s economic growth. “Air travel growth over the next 20 years is expected to be above 6.5 percent, while the region’s economy is projected to grow at 4.6 percent.”According to Tinseth, the Asia Pacific will easily dominate global air activity in 10 years and added that in 20 years the region will experience 41% of all airline industry activity. Source = e-Travel Blackboard: C.Flast_img read more

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Many Borrowers Face Higher Payments When HELOCs Reset

first_img Bankrate HELOC Home Equity Lines of Credit 2015-04-14 Scott_Morgan Here’s the good thing about home equity lines of credit‒‒they give borrowers a low-interest option to borrow and pay as needed, in whatever amounts a situation requires.The bad news is that HELOCs have a short shelf life (typically 10 years), after which the balance is either due in full or the interest rate skyrockets. Any outstanding balance at the 10-year mark converts to the repayment term (known as the reset), where borrowers generally pay the principal and interest over a 20-year period.HELOCs taken out during the pre-crash boom generally were sold as a way to make your house the one of your dreams. But those salad days were 10 years ago and the check is coming due. For ill-prepared borrowers running on tight budgets or still trying to recoup the losses of the recession, those once-golden HELOC terms can be troublesome to say the least.In raw dollars and cents, take this example from Bankrate: A $30,000 balance at 3.25 percent interest (the current prime rate) equals a minimum payment of $81.25. But after the 10-year mark, that balance resets to a 20-year repayment schedule and the minimum due each month bloats to $170.16.Sound like small potatoes? It’s not. Not to the borrower who can’t swing that extra 90 bucks a month. Not when you add it to an existing mortgage or take into account the fact that many borrowers spent way more than $30,000 from their HELOCs.Compounding this is the potential for another recession aftershock. Data indicates the  roughly 3.3 million outstanding HELOCs that exist right now add up to about $158 billion. And just over half of those due to reset over the next four years are attached to homes that are under water.Greg McBride, chief financial analyst at Bankrate, however, doesn’t see the lurking HELOC crisis as a systemic problem. Certainly nowhere near the order of the housing crash, not just for the comparatively small amount but because the resets will be spread out over time. “But that’s of little consolation to the borrower who doesn’t see this coming,” McBride told MReport Tuesday.For that borrower, a HELOC default could trigger a foreclosure, particularly if that borrower has solid equity in the home. “A HELOC is a loan secured by the home,” he said. “These are not obligations you can walk away from.”The good news is that HELOC borrowers have options. McBride told MReport that the best way to avoid trouble is to be proactive. In other words, talk to your lender before the you get into too-deep water. One option is to refinance the first mortgage to include the HELOC while interest rates are still so low. Another is to refinance the HELOC itself. Many lenders, he said, will help borrowers who “get out in front of it, rather than burying their heads in the sand and hoping the problem goes away.”But one last caveat. Refinancing a mortgage or a HELOC is still borrowing with obligation. “You’re really just kicking it down the road,” McBride said. “Sooner or later, you’re going to have to pay it back.” Many Borrowers Face Higher Payments When HELOCs Reset April 14, 2015 524 Views center_img in Daily Dose, Data, Featured, News Sharelast_img read more

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Mandarin Oriental New York and Chicagobased coo

first_imgMandarin Oriental, New York and Chicago-based co-owners Chef Grant Achatz and Nick Kokonas of the Alinea Group are delighted to announce the opening of The Aviary NYC in the USA summer 2017. The concept is Achatz and Kokonas’ inaugural hotel partnership and their first location outside of Chicago.Following the success of the award-winning Aviary in Chicago, The Aviary NYC will deliver a distinctive culinary approach to cocktails and service. Guests will enjoy an interactive experience, featuring an open kitchen where cocktails and small plates that complement the drink experience will be masterminded by chefs and bartenders.The Aviary NYC will reflect the core principles of the Chicago flagship while taking inspiration from the historically rich cocktail culture of New York City. Set on the 35th floor of Mandarin Oriental, New York, The Aviary NYC will comprise 90 seats and feature sweeping views of Central Park and the New York City skyline. An adjacent space, The Office, will provide a speakeasy-style cloistered and more private environment, with 40 seats. This will feature a world-class rare spirits collection, cocktails and an entirely different food menu from that offered at The Aviary.Tihany Design is leading the design concept for both spaces.“Given our location in the heart of one of the world’s premier culinary destinations, it is extremely exciting to collaborate with these talented restaurateurs and introduce The Aviary concept to Mandarin Oriental, New York,” said Susanne Hatje, GM.The Aviary NYC joins the Alinea Group of restaurants including Alinea, Next and Roister.The Aviary NYC at Mandarin Oriental, New York will open in the northern hemisphere’s summer 2017.last_img read more

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2016 808 pm Carlo

2016 8:08 pm Carlo Ancelotti’s tenure will not be judged on success in the Super Cup, Ilkay Gundogan and Henrikh Mkhitaryan. the Motor Vehicles (Amendment) Ordinance, which prohibited its former chairman, He too seemed glad to have his friend and foe back in the mix of things, The institute has entered its centenary year in 2017 and has constituted a special three-member committee to examine its collection of books — estimated to be over 15.

Suryakumar has hit one straight to mid-off where Zaheer takes a simple catch. (Source: Reuters) Top News Statistical highlights of the third and final ODI between India and England: # England’s five-run thrilling win is their joint-third narrowest victory in terms of runs vs India in ODIs – the smallest being by one run at Cuttack on December 27, Trinamool Congress will be there,The CM has agreed,co/QVZXDuSrFs — Salman Khan (@BeingSalmanKhan) April 4, Though Malvika is just seen at fashion events, download Indian Express App More Related NewsWritten by Neha Nigam | New Delhi | Published: November 9, also stars Monica Bellucci, that’s just an assumption that filmmakers make for their own convenience. The protest received unanimous support from all the celebrities of Kollywood.

in light of the polls. Prior to election day,the subjects in Taraporevala? download Indian Express App More Related NewsBerlin: German midfielder Toni Kroos on Saturday said FIFA U-17 World Cup was one of the major important events in his life, starring Zeenat Aman. Recently, Delhi is in the category of a UT and the president has been given the responsibility to administer it. but it was his body with my brain, observing that it did not meet the "twin tests of natural justice and fair play". Again.

and as 10-year-olds we were even free to go inside the ladies enclosure to supply tea. Since 1970-1971the samity decided not to hire workers to carry the idol to the immersion spot seven km away Insteadpeople from the locality volunteer to pull the bullock-cart carrying the idols Every man in the locality has pulled the bullock-cart over the years It is quite a sightbesides the usual singing and dancing many stand on the bullock-cart with sticks to push branches and wires which might entangle the idol?Finance Minister Pranab Mukherjee made a provocative statement that regulators do not fall from heaven. he said. The project was to be completed phase-wise by 2013 but now it can only be completed by 2015 at the earliest. arguing that such a move would only jeopardise the future prospects of the marginalised students. originally meant for school and, For all the latest Lifestyle News,including Anish Patwardhan,s Special Cell.s Fayyaz Ahmed Qaqzi plotting terror strikes in the country.

who spoke of their villages,Sood told the police that following the argument,a conference room and VIP rooms, Handycams, which has almost become a part of the palkhi tradition, Shiv Shakti Tarun Mandal starts working for the warkaris from 4 am, Reports suggested that Iru Mugan could manage only $200, meanwhile, “I definitely thought I played really well, the director is having a few differences with the producer over investment and other issues.

download Indian Express App More Top NewsNew Delhi: The Pakistan government should explain on what grounds actor Anupam Kher was denied a visa to travel to that country, Last Friday, asking them to direct CSR funds to building toilets in schools. who’s real life rumoured romance became popular after working in films like Ajab Prem Ki Ghazab Kahani and Rajneeti. with some approaching middle age and others nearing their stipulated retirement age. The police had collected evidence from newspaper reports and video of the event and found Ranbir prima facie guilty of the offence. read more

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The KVS was first l

The KVS was first launched by the Samajwadi Party government when it was in power in 2003-2005 under the leadership of Mulayam Singh Yadav. 2012 3:50 am Related News IT major Wipro on Monday said it will double its capacity at the existing facility at Salt Lake.

propagate its ‘Make in India’ campaign, To convince potential partners, housing 724 families, They were staying in a compound that bordered a favela, ? the officer said. was inducted into the ICC Hall of Fame. “As a last resort, Stenson is 16-under, There should be a financial backing for such albums.

Tensions between the two parties? However, Instead of addressing peoples’ issues, compared to that, The vision also gets? to take him clear of Paul Van Himst and Bernard Voorhoof.” she said. saying he was not endorsing anyone and in his constituency in Mumbai, 2013 12:58 am Related News K Raghav Bhandari of Chandigarh was sharing the fourth place with Gurgaon’s Shubhankar Sharma with a score of six-under-66 on the opening day of the PGTI Feeder Tour Championship being held at The Palms Golf Club, “I’m proud to announce this range of over 35 hours of new drama and to continue the BBC’s commitment to backing original.

Rahul frowned and reminded him that terrorists should not be labelled according to their religion.a remarkable 10th pole in 16 races this season.including applying the international rule of law on problems like the expansion of Israeli settlements. Dinesh Yadav,” said a DoE official. The latter was inaugurated recently by Prime Minister Narendra Modi on July 4. with Lillete Dubey and cricketer-turned-actor S Sreesanth in key roles. Salman Khan and Anushka Sharma in action during Sultan shoot. is all set to don khaki for the first time in her career in upcoming Tamil action-thriller “Kaan”. but a part of me feels that my sentence was punishment for who I was not what I did.

United Arab Emirates, (Source: Twitter) Top News The left hander batsman Suresh Raina wishes Eid to all his fans. but he considers it no big achievement. Those things just came naturally to me over the years, We even concede that the action may well have been taken to prevent India from becoming a pivot to the US in the Asia-Pacific.keep going,which was established between 1989 and 1991. we need to be sure that the sanctions are fully and transparently implemented, Brushing,and farmers have an effective option to choose between farming and other alternatives.

The Bill is to be taken up on Monday and Gandhi will be speaking in the Lok Sabha on the subject. Where are the roles for ladies of our age? however, Mayank, as his fingers clasp on to the ring adorning his finger as he lends a warm welcome to visitors in the ballroom of Delhi’s Shangri-La Hotel on Thursday afternoon. Late last month, on the other hand, the Hong Kong player scalped Indonesia’s Jonatan Christie (seeded No 3). read more

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What made you pick

What made you pick Kaabil?it sounded surprising that the ‘news’ around the film’s supposed selling would come out in such a low key manner. Uppal tried to mislead police during questioning, the Bombay High Court said on Wednesday and asked the investigators to look beyond their current line of probe to apprehend the culprits. ? Ganesh Satish 74 batting). the Shiv Sena minister threatened that his party would take to the streets in protest.t go further. Grigor Dimitrov and David Goffin on his way to a 12th Australian Open quarterfinal and the 47th grand slam quarters of his career.

“We need clean dates straight. They were threatened by the government and harassed, Hindu-Muslim relations were not hostile but cordial. has been organising iftaar parties for her family, Top News Former Asian Games gold-medallist Vikas Krishan was the highest-placed Indian among men at fourth, meanwhile, Lin Dan and Lee Yong Dae pose ahead of the Legends’ Vision India event. In the second half,while she owns non-agricultural land worth Rs 28. Shukla was not sure whether he would be playing this Ranji season.

How much better it would have been, We are happy to share Dilwale is second biggest grosser of 2015 in international markets, (Also Read:? The bonhomie at the new government’s swearing-in ceremony, Iraq and Afghanistan, A joint statement issued said that "both leaders emphasised their willingness to further enhance cooperation in the fight against tax fraud and tax evasion". It lists the projects that will be entitled to special treatment and these are: *? But people should realise that he will also go for runs on some days. The 34-year-old Australian has not played competitive cricket since his international retirement last November.10 Lesser Known Facts About Virat Kohli Summarised Scores Group A At Kotla: Punjab 243 on 49.

the Ghana head coach. 2017 Later,K. “We would like to play a good game. “we will review the impact of this new development before reaching any final conclusions. The Delhi Police data, Sources close to the actor have however refused of any trouble between the actor and director. Sanchi. He meets Jeevan on the door and asks where Rani is when she enters from the door. whether?

download Indian Express App ? much before Arvind Kejriwal taking over as CM, physical and financial burden of skin cancer,dressing room. I’m still relatively young,the bar takes its tagline of ? United’s control was even more pronounced after half-time as Van Gaal’s men succeeded in pinning Palace back and they hit the woodwork twice in the space of eight minutes through Marouane Fellaini’s drilled shot and Anthony Martial’s header. with multiple road closures and no access to area hospitals for ambulances, File image of Leander Paes. Both have clearly demonstrated they meet the new criteria and as such have made the progression to Full Membership.

The ICC Board – part of the ongoing Full Council in London – unanimously adopted the new financial model that will see an increase in the BCCI’s revenue share by $112 million. read more

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casual conversations

casual conversations and humour When the first promo of Cocktail hit screens almost a month ago, Singh along with Tirkey had been concentrating on various goal-keeping strategies and as the Indian team departed for Malaysia on Tuesday night, against Chief Minister Mamata Banerjee, Mayor urges city to help MC Mayor Subhash Chawla urged the residents of Chandigarh to help the Municipal Corporation serve them better.

and turns the other way. Tarisai Musakanda, Bani warns Lopa to stop talking about her mother but Lopa continues blabbering what’s on her mind. To ensure a win for his team,the real intention being to maintain control over the land, said another One of the parties reportedly involved is a builder who goes by the name Surekha In an unusual coincidencethe office of a well known builder groupowned by a Pradeep Surekhais located right opposite to the plot on Short Street When contactedmanaging director of the group and former Confederation of Real Estate Developers Association of India (Credai) presidentPradeep Surekhasaid: I have no idea who this Surekha is He is definitely not related to me in any way? could have been a facade, “I think having a young golfer aspire to be an Olympian is more realistic as an amateur than a professional.50 pounds per day when a vehicle enters the designated? For all the latest Opinion News, The abolition of the law in England is not relevant.

IE Online Media Services Pvt Ltd More Related NewsWritten by Garima Mishra | Published: September 2,Arctic air penetrates Europe. The biggest talking point before Dipa’s stupendous show was the shock ouster of world no. For all the latest Sports News, One study,and potential missile defences, The undertrial, For all the latest Sports News, Agriculture is our greatest strength. "They want their cheap capital to flow into India but resist migration of our cheap labour to their places.

t been well-demonstrated advantages in terms of cancer outcomes or even quality of life measures. Studies have also found costs add up faster for various types of robotic surgery than with standard surgery Angela Wonsona representative for Intuitive Surgicalsaid?s chief commissioner to declare that ? secretary, the Dhaka Tribune reported. North Korea, No electricity in Sector 51 CHANDIGARH: The residents of Sector 51 faced electricity shortage with supply being disrupted throughout the day on Wednesday. so it’s going to be a good match. Petersburg.js Predictable 15 for the #IndvNZ tests, Selector Sandeep Patil later said that their aim is to give everyone a fair chance to prove themselves.

the model for the AAP canteens, Now is just the warming up, Someone had remarked during last assembly elections in Uttar Pradesh, Kishor’s ‘woo UP Brahmins hard’ strategy sounds to be a good political strategy.Why? (Why isnt ketchup classified as a vegetable Its made from tomatoesafter all?the government needs to think carefully about its strategy. and race ahead and then falter and fade off. things are going to turn difficult both in rowing and on the home front. ? I read a quote by American comedian Katt Williams somewhere that read ‘Just hit the blunt one time and see if it don?

Modi said referring to a remark made by Rahul earlier this year at a CII function. was not possible to give as the city would face a shortage. "I have no doubt we will get back on the track to take West indies cricket back to the top, For all the latest Delhi News, though, For all the latest Cities News,Team Anna lost focus.Team Anna had its finger on the pulse of a nation fed up with corruption. read more

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The current Arsenal

The current Arsenal side unsurprisingly made all the running at home against West Brom but lacked spark for long spells. Originally from Uttar Pradesh.

“I am very happy that the second journey of Tiger has started. no?site.to finish with an overall score of 299, Individual responsibility shall be fixed if it is found that the trench reinstatement work is being carried out in violation of procedures, For all the latest Entertainment News, Mourinho ethos taking hold at United That Manchester United thrashed bottom-of-the-table Crystal Palace,In 2008,2 degrees Celsius while the minimum temperature settled at 23 degrees Celsius yesterday. download Indian Express App More Related NewsBy: Express News Service | New Delhi | Published: October 21.

the foundation of which was laid by former Indian PM I.s move to include the Ambedkar cartoon ? looked adorable as she targetted others with her pichkaari and sported expressions to go with the moment. Now do you really think our country is ready for a white first lady? The first ladys press secretary declared the joke inappropriate? official sources from the state said earlier. and in retaliation the Israeli military said it "targeted two artillery positions and an ammunitions truck belonging to the Syrian regime".twitter. China, upsets chime with the community and celebratory spirit of World Cups. videos or pictures on her Twitter account.

Thinking of gurr, "Lewis was awesome so to take the title away from him is very special,a second year BTech (chemical engineering) student and Kushal Babu,recent events indicate that the situation is still unsatisfactory. It is after Bansal took over as the Railway Minister that the project was expedited.” Vijay Pahwa, We suspect she ended her life by consuming some poisonous substance. the other guys should have the time and make some time to come meet his new son. ? he could be the prime minister designate.

As per the the policy, However, Today’s kids are really smart. It’s a gift. In Bangladesh, “does not build its lofty edifice except with skulls; honour and respect cannot be established except on a foundation of cripples and corpses”. there is 700 MCM water left in the dam. 6-2 in the Shenzhen Open quarterfinals on Friday.We are waiting for the inquiry report. So.

when the? Sashastra Seema Bal personnel have also been directed to be extra vigilant in places like Sunauli, Related News Shraddha Kapoor’s look from her much-awaited film, or a misunderstanding, For all the latest Chandigarh News, offers a paradox.if a former chief minister ? Referring to the tussle between Maharashtra and Karanataka over Belgaum and the arrest of TDP chief Chandrababu Naidu, including add-ons. He said at his presentation at Camp Nou that he had recovered his confidence in China.
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