Chris Stewart APTN National NewsA new documentary called “My only Daughter” deals with the disappearance and death of Karina Wolfe.Wolfe went missing in 2010 in Saskatoon and five years later her body was found.The film looks at how her family coped with not knowing her fate for half a decade.APTN attended the screening in Edmonton.
NEW DELHI: Frustrated over being bullied almost everybody, a school cab driver along with his accomplices killed a 22-year old man by first stabbing and then strangulating him at an abandoned farm house situated barely 800 metres from the Neb Sarai police station in south Delhi on the intervening night of Tuesday-Wednesday.The accused were six in number and overpowered the victim and murdered him.To evade arrest, the accused had disposed the body by throwing it in a nearby ditch and covered it with some leaves. Also Read – After eight years, businessman arrested for kidnap & murderThe deceased has been identified as Surjit Kashyap, a resident of Jawahar Park in Neb Sarai who used to work as delivery boy in a food making company. Police have arrested four accused while two are still at large. “On April 17, at about 12.12 am, his brother filed a complaint at the Neb Sarai police station that his younger brother Surjit Kashyap is missing and has not returned home,” said Vijay Kumar, the Deputy Commissioner of Police (DCP), South district. Also Read – Two brothers held for snatchings”In his complaint, the victim’s brother said his brother had gone out to meet his friends and suspected foul play behind his disappearance. A case under section 302, 201 of Indian Penal Code (IPC) was registered at Neb Sarai police station ,” said the DCP. During investigation, police identified a few people who were last seen with Kashyap. Police identified the accused as Sombir Singhal who worked as a school cab driver in Neb Sarai and Saket area, Vicky Jha, who worked as a helper in Max Saket, an unemployed youth named Satbir and Vicky Bhatt who was a data entry operator. “During interrogation, the accused confessed to their crime and revealed that Sombir and Vicky had an old enmity with Kashyap. He had beaten them a few years ago and since then they were holding a grudge against him. The accused said that Kashyap used to bully and threaten Sombir almost on a daily basis,” said the DCP. “The accused also disclosed that on April 15, Kashyap had again threatened Sombir. In the evening, he got information that Surjit was sitting with one of his friend. Sombir along with his friends went to the abandoned farm house, stabbed and strangulated him. They disposed the body by throwing it in a nearby ditch and covered it with some leaves,” said the DCP. “Four accused have been arrested. Two more of their accomplices identified as Golu and Ravinder Bisht are still absconding and police have launched manhunt to nab them,” the DCP said.
13 June 2007The head of a fact-finding mission dispatched by the United Nations Human Rights Council to Beit Hanoun in the northern Gaza Strip, where an Israeli attack killed 19 Palestinian civilians last November, said today that “significant” human rights violations occurred there and called for an independent probe by national authorities. The head of a fact-finding mission dispatched by the United Nations Human Rights Council to Beit Hanoun in the northern Gaza Strip, where an Israeli attack killed 19 Palestinian civilians last November, said today that “significant” human rights violations occurred there and called for an independent probe by national authorities. According to the mission’s report, “it is clear that significant human rights violations resulted in Beit Hanoun from the activities of the Israel Defence Force (IDF) on and around 8 November,” and that those events must be investigated by an independent, impartial and transparent process, preferably at the national level. Presenting the report to the Geneva-based Council today, Nobel Peace Prize laureate and former Anglican Archbishop of Cape Town Desmond Tutu said Israeli and Palestinian authorities should end the “culture of impunity and bring to account those responsible” – for the Beit Hanoun attack as well as those who have launched rockets against Israeli towns.The high-level mission was not able to travel to Beit Hanoun due to the non-cooperation of the Israeli Government and it said its conclusions and recommendations are based on available information. The people of Gaza must be afforded protection in compliance with international humanitarian law, the report stressed. It added that Israel should indicate, by no later than the Council’s sixth session in September, the steps it has taken to ensure that such an incident does not occur again.The mission also highlighted the rights of victims to ongoing medical treatment, including access to counselling services, and said special account should be taken of the position of women victims and survivors. In addition, it recommended that a mechanism be established which could provide independent monitoring and assessment of the human rights situation of civilians in conflict in the occupied Palestinian territories, and report publicly on it.The Council established the fact-finding mission in a resolution adopted during a special session on 15 November that described Israeli military attacks as “a collective punishment of the civilians.” The mission’s tasks included assessing the situation of victims, dealing with the needs of survivors, and developing recommendations on how to protect Palestinian civilians against further Israeli attacks.At a press conference, following his report to the Council, Mr. Tutu said “we have a passionate commitment to see a horrendous situation end,” referring to the situation in the occupied Palestinian territory. “We believe that it is in the interest also of Israel that the situation is resolved.” Asked about the likelihood of the mission’s recommendations being implemented, given the “hundreds of resolutions that had already been passed to protect the Palestinian people”, he said “one hopes very fervently that decisions will be taken seriously and that people will seek to implement them. You have to work on the basis of a certain faith in other people… We hope quite deeply that this Council and its members want to see it as a credible institution that does make a difference. Otherwise we would be consumed by a cynicism.”For its part, Israel told the Council that it had already examined the events of 8 November 2006, and issued an apology for the tragedy. Special Rapporteur John Dugard – dispatched by the Council last July to undertake a fact-finding mission on the human rights situation in the occupied Palestinian territory – told the Council today that he too was unable to carry out the task assigned to him due to the Israeli Government’s lack of cooperation. The Council also discussed the follow-up to the report of its Commission of Inquiry – set up last August to probe the “systematic targeting and killings of civilians by Israel” during its war with Hizbollah in Lebanon last summer.In its report to the Council last December, the Commission said that Israel’s use of weapons such as cluster bombs was a flagrant violation of the right to life and property, excessive, not justified by military necessity and went beyond the arguments of proportionality. The report recommended that the Council promote initiatives and called for the mobilization of the international community to assist Lebanon’s reconstruction.Presenting the report of her office, UN High Commissioner for Human Rights Louise Arbour highlighted activities set up to support the reconstruction process in Lebanon, as well as specific initiatives in the areas of health, water and sanitation, protection, mine clearance and the environment.
18 February 2010The United Nations today inaugurated a panel of prominent political, intellectual and religious figures from all regions entrusted with furthering peace founded on justice, respect for human rights, gender equality and solidarity in the context of an increasingly globalized world. “This day marks the beginning of an intellectual journey throughout which we will reflect on ways to trace new perspectives for peace in the 21st century,” UN Educational, Scientific and Cultural Organization (UNESCO) Director-General Irina Bokova said at the launching ceremony in Paris of the High Panel on Peace and Dialogue among Cultures.The ceremony also marked the launching of the of the International Year for the Rapprochement of Cultures, and the panel will take into account the challenges posed by climate change, management of resources and ethical and economic issues in regard to strengthening peace.“The goal of the International Year is to help dissipate any confusion stemming from ignorance, prejudice and exclusion that create tension, insecurity, violence and conflict,” Ms Bokova said. “Exchange and dialogue between cultures are the best tools for building peace,” she added, stressing that the main strategic lines of action entail strengthening quality education, including the teachings of the world’s great civilizations and cultures. Panel members range from politicians such as former Icelandic president Vigdís Finnbogadóttir, to religious personalities such as Mustafa Ceric, Grand Mufti of Bosnia and Herzegovina, to Wole Soyinka, the Nigerian Nobel Laureate for Literature and France’s Simone Veil, the former president of the European Parliament and honorary president of the Foundation for the memory of the Shoah (Holocaust).“In the context of globalization, which is also that of migrations, the parallel challenges of preserving cultural diversity and cultural identities and promoting intercultural dialogue take on a new importance and urgency, UNESCO said in a news release.“Education is the key to success, especially for girls. However, it is also the key to learning to live together. The concept of peace has greatly evolved since the creation of UNESCO [in 1945] and particularly in the last two decades, including greater involvement for women and youth.”Today’s launch culminated in a conference on intercultural dialogue focused on ‘The Power of Cultural Diversity and Dialogue’ and ‘Building peace – the role of shared values in a globalized world.’
“A lot of headlines today said Rajapaks gave concessions on May Day. Why didnt you’ll write saying Rajapaksa increased the price of electricity? It was written that it was done by the Public Utilities Commission. One newspaper had even had a cartoon today where the public are being given a knock on their heads. We urge the media not to put down the industry,” he said. Earlier the Public Utilities Commission (PUCSL) had approved the new electricity tariff.Later the current and former Ministers of Power and Energy blamed each other for the tariff increase. (Colombo Gazette) President Mahinda Rajapaksa announced yesterday that electricity tariffs will not be increased for consumers who use less that 60 units per month.He also said that concessions will be given to consumers who use less that 180 units of electricity a month. However when the President announced concessions the media hailed him, Dissanayake said. The opposition Janatha Vimukthi Peramuna (JVP) today slammed the media for hailing the electricity tariff concessions announced by President Mahinda Rajapaksa at the May Day rally yesterday.JVP MP Anura Kumara Dissanayake said that President Mahinda Rajapaksa was directly behind the electricity price increase and yet the media had not blamed him for it.
“When scientists found that everyday products were destroying the fragile ozone layer, the world responded with the Montreal Protocol,” said Mr. Guterres in his message on the International Day.“It rallies Governments, companies, doctors, scientists and citizens to reverse the damage [and] saves millions of people from skin cancer and cataracts each year.” Also in his message, Mr. Guterres underscored the importance of Montreal Protocol to help combat poverty, address climate change, and protect the food chain. He also noted that new business opportunities have been created by the treaty, highlighting that it will save the global economy over $2 trillion by 2050. This year also marks the 30th anniversary of the Montreal Protocol on Substances that Deplete the Ozone Layer, which was agreed on this day in 1987. As part of the celebrations, the Ozone Secretariat (which supports parties to the Protocol in implementing actions to protect the ozone layer) in partnership with Marvel, the company behind some of the world’s most beloved superheroes, is conducting the #OzoneHeroes campaign, highlighting the accomplishments of the Protocol and to increase public recognition of its success and impact. In his own message marking the anniversary, Erik Solheim, the head of the UN Environment Programme (UNEP), applauded the global effort in support of the Protocol to protect the health and wellbeing of millions. “This collective power is effective only because of individual actions of Ozone Heroes everywhere,” he underscored, calling on all stakeholders to mark the anniversary to support the ratification of the Kigali Amendment to stop hydrofluorocarbons from harming the planet. “But to make that happen, we all need to be Ozone Heroes.”
Dec 7th 2016, 4:34 PM Yukos CEO Mikhail Khodorkovsky sits in a courtroom behind bars in Moscow, Russia in 2004. Source: Sergey Ponomarev/PAFormer justice minister, Michael McDowell, representing the gardaí, said the investigation was continuing and involved recent police trips to Moscow to liaise with fraud investigators there.Granted asylumKhodorkovsky, who has been granted political asylum in Britain, said the ruling vindicated his position that President Vladimir Putin had orchestrated a campaign to vilify him after he founded a pressure group, Open Russia, committed to promoting democracy in Russia.In a statement this evening, Khodorkovsky said he “will use some of the funds to support the work of the Open Russia movement, which was founded in 2014″.He spent over 10 years in jail from 2003 to 2013 on politically motivated charges. In May 2011, he was declared a Prisoner of Conscience by Amnesty International.In Moscow, the lead lawyer investigating unresolved allegations against former Yukos executives accused Ireland of offering encouragement to corporate thieves on the run from Russian justice.“Today’s decision to release the funds will encourage others to do what Khodorkovsky did: Conceal their stolen assets beneath multiple layers of shell companies and offshore trusts for many years,” a Kremlin spokesman said in a statement.With reporting by APRead: ‘I won’t give up hope of finding Trevor’: Father of man missing for 16 years on his fight to find his son >Read: ‘When I came in here I couldn’t walk. Now I’ve just been told I can go home’ > By Garreth MacNamee Image: AP/Press Association Images Wednesday 7 Dec 2016, 4:34 PM Share139 Tweet Email1 Image: AP/Press Association Images 26 Comments https://jrnl.ie/3125889 People have been murdered and it has been politically motivated. So we should be very careful about what we say about people and what we put into any application as an add-on to boost our side. We are dealing with people’s lives.Ireland froze the funds in 2011, while Khodorkovsky was still imprisoned in Russia, at the start of a probe into whether the money had been illegally laundered from Russia via a Gibraltar-based investment company. Dublin court unfreezes €100 million worth of Russian tycoon’s assets after five year battle Judge Timothy Lucey also warned gardaí to be careful about what they put in their applications as people had been murdered for political reasons. A DUBLIN COURT today unfroze €100 million worth of assets belonging to the former richest man in Russia following a money laundering investigation.Mikhail Khodorkovsky, an exiled Russian oligarch and founder of the Yukos oil company, had the monies frozen in 2011 as he was imprisoned in Russia for fraud, embezzlement and money laundering – charges which he said were politically motivated.Today, Judge Timothy Lucey ordered that he have access to the funds ruling that gardaí had provided no firm evidence of money laundering after five years of investigation.Judge Lucey said extending the order freezing Khodorkovsky’s Irish assets couldn’t be legally justified.Regarding what was contained in garda applications to the courts, Judge Lucey stated the gardaí should be careful, adding: 22,341 Views Short URL Tweet thisShare on FacebookEmail this article
Quel avenir pour les villes ? Posez toutes vos questions à un sénateurUne délégation sénatoriale a remis le 16 juin dernier un rapport sur les villes et les défis auxquels elles seront confrontées dans les décennies à venir. Lors d’un chat organisé le 28 juin prochain, le sénateur socialiste Jean-Pierre Sueur, rapporteur du document, proposera aux internautes de lui poser des questions, d’émettre leur idées et de donner leur avis sur les nombreuses pistes avancées par le rapport “Villes du futur, futur des villes : quel avenir pour les villes du monde ?”.Le 16 juin dernier, Jean-Pierre Sueur, sénateur socialiste du Loiret, a publié un rapport sur les villes du futur. Un document qui s’attarde sur les nombreux défis auxquels les nappes urbaines seront confrontées dans les prochaines décennies, et aux moyens de les relever. Croissance démographique, réchauffement climatique, raréfaction des énergies fossiles, fracture sociale : alors que plus de la moitié de la population mondiale est aujourd’hui citadine, le rapport sénatorial émet vingt-cinq pistes pour assurer aux villes un développement à la fois durable, social et économique. Transport, écologie, énergie, mixité sociale, lutte contre l’habitat précaire, mais aussi contre les émissions de gaz à effet de serre : le document dessine une ébauche de ce que devront être les villes du futur.À lire aussiPourquoi les chats ont-ils des pupilles verticales ?Ce rapport peut être consulté sur le site Internet du Sénat. Afin de débattre sur l’avenir des villes du futur, Jean-Pierre Sueur convie tous ceux qui s’intéressent aux défis de l’urbanisme à discuter avec lui lors d’un chat organisé le 28 juin prochain, à partir de 15h, à l’adresse suivante : http://www.facebook.com/senat.fr (lien non disponible). Le sénateur vous invite à lui poser toutes vos questions dès à présent (lien non disponible), mais aussi à émettre vos idées sur la façon dont les villes doivent se développer : il est déjà possible de poster des messages sur la page Facebook dédiée au rapport : https://www.facebook.com/topic.php?uid=103826223005171&topic=163 (lien non disponible)Le 20 juin 2011 à 15:24 • Maxime Lambert
K Sandwiches finally reopens after burning down in 2015 Updated: 5:35 PM KUSI Newsroom KUSI Newsroom, Categories: Local San Diego News FacebookTwitter Posted: January 5, 2018 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 SettingsAfter burning down in a fire in August 2015, K Sandwiches has finally made its long awaited grand reopening. The Linda Vista sandwich shop opened in 2005 and was a local favorite. KUSI’s Allie Wagner was live at the grand re-opening Friday morning where San Diegans waited in line by the dozens to get their hands on the popular Vietnamese sandwiches and more. January 5, 2018
SWAT team members arrested three Clark County men on suspicion of second-degree felony assault and racially motivated malicious harassment in connection with a March 18 disturbance at a Vancouver bar. Clark County Superior Court documents say the three men — Brent W. Luyster, 32, of Vancouver, his brother Robert A. Luyster, 31, of Vancouver, and Donald H. Mcelfish — assaulted three men with a deadly weapon and threatened to kill one of them based on his race. The three suspects allegedly fled before police arrived.The alleged incident occurred at the Quarter Deck Bar, 4300 E. Fourth Plain Blvd.Members of the Southwest Washington Interagency Gang Enforcement Team investigated the incident and found probable cause for the arrest of the three men. The suspects were arrested at their residences by members of the Southwest Regional, Gresham and Lower Columbia SWAT teams. Brent W. Luyster was arrested at 15802 N.E. 9th Circle; Robert A. Luyster was arrested at 2111 E. Mill Plain Blvd.; and Mcelfish was arrested at 2801 Lewis River Road. All three were booked into the Clark County Jail. The case is still under investigation. In 2001, the Luyster brothers were involved in what police characterized as a racially motivated attack on a 45-year-old black man in Vancouver’s Rose Village neighborhood. Yelling threats and a racial slur, the trio punched, kicked and beat the victim with boards. They also smashed the windows of the man’s truck.
The Alexander Pearson Modelers and the Clark County Radio Control Society will be featured at Saturday’s free program at the Pearson Field Education Center.The program is from 1 to 5 p.m. at the Fort Vancouver National Trust’s aviation education center on historic Pearson Field, 201 Reserve St.There will be radio-controlled helicopter and airplane demonstrations, and a radio-controlled tank obstacle course.There also will be a flight-simulator lab, model-glider building and an open-cockpit vintage T-28 Trojan aircraft.
4. Question: “What is the goal of a blog?” Google Evangelist’s answer: “To inspire irrational loyalty.”5. The Knot’s Carley Roney, speaking on a panel called “Raising the Digital Bar in a Down Economy”: “We’ve moved beyond weddings—we’re a life stage media company.”6. Corporate spin alert: Hearst EVP and general manager John Loughlin said the company has been outsourcing technical work on its Web site to Vietnam, India and Poland, for “cost and efficiency.” “We’re upscaling the jobs” in the U.S. If the economy turned around today, he said, “we’d still pursue this.”7. Adweek editor Jim Cooper, moderator of a panel entitled “Are Paid Sites the New Black?” on his resistance to them: “I’m a conditioned traffic whore, and a cheapskate.”8. Surprisingly not much mention of Twitter, although there were some attendees tweeting.9. Perhaps more surprising, virtually no mention of digital magazines.10. Lots of talk of mobile “apps,” particularly for the iPhone. 11. “There’s been a reticence among magazine publishers to trust the audience,” says Geoff Reiss, GM, Newsweek Digital.12. Reiss: “We’ve successfully completed the first step in a 12 Step program: We’ve identified the problem.”13. Rodale executive vice president and group publisher MaryAnn Bekkedahl, on charging for online content: “People have been talking for a long time about how the consumer is in control—I think it’s time we should take back control, and set the policies.”14. Bekkedahl adds: “The 23-year-old on an iMac in the café—people are beginning to realize that isn’t great content. He doesn’t have the experience.” I think 23-year-olds, even those at Rodale, might have a lot to say about that.15. Not every advertising deal should be integrated, says Digitas SVP Jordan Bitterman. “There are so many signoffs, not everyone [at an agency] is going to be on board. Sometimes it’s not worth it.”16. How would you monetize Facebook, if you were in charge? “Data—they are sitting on more data than MRI or anyone in the magazine business, and it’s updated weekly, daily, even hourly. That’s extremely valuable.”17. Some refreshing honesty. Hank Boye, publisher, Harvard Business Review, on charging for premium content: “It may not work. We’re not sure where it’s gonna go.”18. Eric Patterson on IDG’s Game Pro launching its own video game label: “We know we’re blurring the lines [between church and state].”19. Three digital trends, according to Razorfish’s Domenic Venuto: aggregation, data, and social influence marketing. “Data is the new creative.”20. Domain names are still important. Meredith digital VP Dan Hickey says the company paid $5,000 for Mixingbowl.com, and they view the branding return on that investment “priceless.”21. Dumbest (perhaps unintentionally) quote of the day, courtesy of MySpace sales and marketing president Jeff Berman: “Social networking has existed since the beginning of society.”22. Getting magazine publishers to put the Web first in terms of priority is not only a good idea, says Forbes editor Paul Maidment, it’s essential to their survival.23. Playboy has created a slick trailer for a short called Playboy Interns, replete with product placement, specifically for mobile phones. Who has the time to watch this?24. Back to the Google evangelist dude: “Advertising and subscriptions are not going to save your business. Customers will.” The Magazine Publishers of America held its fifth annual digital magazine conference, Magazines 24/7, in New York today. Read our full report here. Below, some additional observations. 1. No Wi-Fi. At the Digital Magazine Conference. Wi-T-Fi?!?!2. More than 250 attendees—a good sign for an association that was recently forced to cancel its signature event, the American Magazine Conference.3. During his opening keynote, Avinash Kaushik, Google’s “analytics evangelist” (sweet job title), eviscerates Newsweek.com in a critique of the site. “I went on there, I did the poll—what the hell was that?”
Festival set for the last two days of 2017 in Arizona announces performances by Zedd, Armin van Buuren, Justice, and moreNate HertweckGRAMMYs Aug 30, 2017 – 6:09 pm Have you made your New Year’s Eve plans yet? Some of the world’s biggest DJs and electronic artists have. GRAMMY-winners Zedd and Justice, and GRAMMY-nominee Armin van Buuren will be hanging out in the desert for Decadence.The two-day festival, which will also feature Borgore, ZHU and Galantis, is in its fourth year and will take place Dec. 30–31 at the Rawhide Event Center in Chandler, Ariz. https://twitter.com/DecadenceAZ/status/901127036550479877 Email 🎉 Tix are On Sale Now!Get yours now for as low as $149!Tickets, Tables, Payment Plans, & more at https://t.co/NW48i25Znl pic.twitter.com/73bEkuFmCb— Decadence Arizona (@DecadenceAZ) August 25, 2017 Decadence Festival To Heat Up Arizona music-festivals-2017-decadence-arizona-new-years-eve Facebook News Twitter Music Festivals 2017: Decadence Arizona New Year’s Eve Tickets and additional information can be found on the Decadence website.Want More Festivals? 17 Must-Attend Music Festivals In 2017
Photo via Twitter @OhioPJPTwo police officers who shot and killed a black man in Columbus, Ohio last summer won’t face criminal charges.The Columbus Dispatch reports a Franklin County jury has declined to indict officers Samuel James and Marc Johnson. Authorities said they shot 30-year-old Kareem Ali Nadir Jones on July 7, 2017, in Columbus. He died of his wounds three days later.Police said Jones can be seen on body camera video reaching for a gun in his waistband before he was shot. His sister said she thinks Jones was trying to toss the gun.The grand jury reached its decision Friday, March 23, 2018. Police will conduct an internal review to determine whether the officers followed department policy.Jones’ family has filed a federal wrongful death lawsuit against the city and the officers. Share
ANNAPOLIS, Md. (AP) — Maryland Democrats have picked a former gubernatorial hopeful and wife of a powerful congressman as chair of the state party.Maya Rockeymoore Cummings thanked party officials for electing her Saturday and promised to strengthen the party ahead of future elections.Maya Rockeymoore Cummings (LinkedIn Photo)Republican Gov. Larry Hogan won re-election earlier this year, despite Democrats’ large voter registration advantage in Maryland.Rockeymoore Cummings has served as a congressional aide and worked for the National Urban League and the Congressional Black Caucus Foundation. She dropped out of a crowded Democratic gubernatorial primary in January.She is married to U.S. Rep. Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee.
Monday, April 3, 2017 Posted by Tags: Agent Rates, Barbados Share Travelweek Group Travel agent rates available at The Crane Barbados BARBADOS — Here’s a special treat for travel agents: The Crane Luxury Resort in Barbados is offering special agent rates throughout the summer and fall of 2017.Approved travel professionals travelling between April 22 and Dec. 23 can book a Junior Garden Suite for US$185 per night, a One Bedroom Ocean View Suite for $270 per night, or a One Bedroom Ocean View Suite with a Plunge Pool for $330 per night.Prices include breakfast daily and all taxes and service charges. As an added bonus, agents arriving on Saturdays and staying for seven nights will receive one night free.The Crane, situated on one of the ‘Top Ten Beaches in The World’, boasts ultra spacious suites, five swimming pools, a luxury spa, shops and four restaurants. It’s also ideally located just 10 minutes from the airport.For more information email Canlink Travel Representatives at firstname.lastname@example.org or call (905) 235-9091. << Previous PostNext Post >>
July 3, 2013 406 Views bubble,Analyst: Bubble Risk Minimal, Economy Safe from Impact in Data With headlines announcing rapid gains in home prices–some even detailing double-digit gains– “”Moody’s Analytics””:http://www.moodysanalytics.com/ says “”there is little wonder that many fear a new housing bubble is developing despite the hard lessons of the Great Recession.”” However, Celia Chen, senior director of economic research at Moody’s, dispenses these fears in her article, “”Popping Housing Bubble Fears,”” published in the firm’s most recent _ResiLandscape_ report. [IMAGE]Homes today are generally fairly valued or under-valued; inventories are low; and demand has not yet reached the frenzied level of the housing boom, according to Chen. Nationally, home prices are 22 percent below their 2006 peak, and prices in the West are 30 percent below their peak, according to Chen. Furthermore, the most drastic price gains are taking place in the same places that experienced the most significant declines during the recession, she reports. [COLUMN_BREAK]She admits “”some markets do feel frothy”” but explains even overvalued markets have some market factors that will anchor prices before they float too far. In Phoenix; Las Vegas; Sacramento, California; and the San Francisco Bay area; price gains are double the national average. Prices in Phoenix are now overvalued compared to apartment rents but not incomes. Homes in the San Francisco Bay Area are “”significantly overvalued.”” Inventory in these markets sits at no more than three months supply. Investors–which made up a significant portion of demand of late–are already pulling out of these markets, but “”tight existing inventories and a slow pace of new construction will support house price appreciation at a moderate and sustainable pace,”” Chen said. In contrast to Phoenix and San Francisco, markets in inland California, Florida, the Midwest, and New England remain undervalued. Also, rising prices have not made homes unaffordable. “”[E]ven with both house prices and mortgage interest rates rising, affordability is still quite high, and lenders are opening the spigot a crack,”” Chen said. If prices do decline, Chen says the result would be “”less damaging to the broader economy”” than the market burst in 2008. The National Association of Realtors reports 32 percent of home purchases are now cash purchases–a modest estimate, according to Chen. That means nearly one-third of purchases do not involve mortgages, “”reducing the negative spillover effects of a housing investment gone sour,”” Chen said. Agents & Brokers Attorneys & Title Companies Home Prices Investment Investors Lenders & Servicers Moody’s Analytics National Association of Realtors Service Providers 2013-07-03 Krista Franks Brock Share