Sanath Jayasuriya returns as Sri Lanka chief selector

first_imgFormer Sri Lanka captain Sanath Jayasuriya was on Wednesday reappointed as the country’s chief selector, a little more than a year after he stepped down from the position.The four-member new selection committee will start its operation from May 1 and will serve a two-year term, the Sri Lanka Cricket (SLC) said in a release today.The other members of the panel are former wicketkeeper-batsman Romesh Kaluwitharana, former off-spinner Ranjith Madurasinghe and former fast bowler Eric Upashantha.Kaluwitharana, who formed the destructive opening partnership with Jayasuriya in the 1996 World Cup victory, was Sri Lanka ‘A’ team coach for a number of years, while Madurasinghe, a Test player in the 80’s, has served before on the panel, and Upashantha was a member of the national team in the late 90’s.The SLC had asked for reinstating Jayasuriya as chief selector for several weeks, but was waiting for the Sports Minister’s approval.The appointments are part of changes after Sri Lanka’s first-round exit at the recently-concluded World Twenty20 in India.Jayasuriya played 586 international matches for Sri Lanka across all formats, scoring 21,032 runs and taking 440 wickets.He was previously appointed chief selector in 2013, but resigned last year following criticism by a new sports minister of the selection process.De Silva had been appointed to the position shortly before the World Twenty20 on a short term basis after the sacking of a selection panel led by former national team seam bowler Kapila Wijegunawardene.Sri Lanka have had to deal with the retirement of batting stalwarts Kumar Sangakkara and Mahela Jayawardene last year. Since then they have slumped to a series of defeats in recent months.advertisementSri Lanka begin a tour of England in May, playing Test, one-day and Twenty20I matches, and also travel to Ireland for two One-day internationals.last_img read more

Milan don’t fear Juventus – Reina

first_imgAC Milan goalkeeper Pepe Reina urged his team to go into their Serie A clash with Juventus on Sunday with no fear.Gennaro Gattuso’s team face a huge test when they welcome the league leaders to San Siro, although Milan have strung together a four-match unbeaten run after their 1-1 draw with Real Betis on Thursday.Reina recognised Juve were a strong outfit, but said his side had nothing to be scared about when facing Massimiliano Allegri’s men. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! “With all humility and respect, we’re aware they are strong, but we face them with no fear, there is so much trust,” he told Sky Sport Italia.”We play with a full San Siro and we have to do our best to get three points.”Points are shared at the Estadio Benito VillamarínA Siviglia finisce 1-1#BetisMilan #UEL pic.twitter.com/Kz5AC3IjS4— AC Milan (@acmilan) November 8, 2018Juventus are already six points clear atop Serie A after winning 10 of their opening 11 matches.Milan have jumped into fourth on the back of three straight league wins and Reina feels they are much-improved after getting through a tough period.”In difficult moments, you have to get out of it to become even stronger,” he said. “Now, we must continue like this.”Milan are dealing with an injury crisis at the moment, though, with Gonzalo Higuain, Giacomo Bonaventura and Davide Calabria set to miss out this weekend while Lucas Biglia and Mattia Caldara are long-term absentees.Hakan Calhanoglu and Mateo Musacchio are also a doubt after suffering injuries on Thursday.Gattuso says Milan will not concern themselves with the injury issues, though, and focus on the players available.last_img read more

NHOLT: Norwegian Ports Not Likely to Face Strike in June

first_imgzoom Despite a break-down in the negotiations for new collective agreements for Norwegian dockers, the workers are not expected to stage a strike in June, the Norwegian Logistics and Freight Association (NHOLT) told World Maritime News.A representative for the association said that the strike would not be organized “due to the fact that according to Norwegian law, there must be a public arbitration before a strike can be legally started.”“The public arbitration will take place in the mid of August so there is no possibilities for a legal strike before this.”There are no dockers in Oslo at the moment, according to the association, because the former dockers office Oslo Loading and Unloading Office went bankrupt in May 2015, and a new dockers office has not yet established.“The former dockers, beeing members of Oslo Bryggearbeideres Forening, are now unemployed, and the work they earlier performed is now performed by the employees of the port-operators. A “so called strike,” performed by members of Oslo Bryggearbeideres Forening, will probably only have symbolic effect,” NHOLT said.Oslo Bryggearbeideres Forening’s spokesperson earlier said that, as there have been some changes in the mediation between the employers organisation and the transport workers union, the potential strike could take place in August.In June 2015, Oslo dockers blocked the traffic at the container terminal in Oslo port demanding signing of a collective agreement with Turkish company Yilport.Namely, some 60 workers reportedly staged a strike only to be ordered to clear out by the local police, despite the mediator’s authorization of the strike action.World Maritime News Stafflast_img read more

Lebanon On second anniversary of Hariri murder Ban Kimoon calls for dialogue

14 February 2007On the second anniversary of the massive car bombing that killed former Prime Minister Rafik Hariri and 22 others in Beirut, Secretary-General Ban Ki-moon stressed today that the United Nations remains committed to helping Lebanon “uncover the truth and bring to justice the perpetrators of this despicable act.” Mr. Ban reiterated his sympathies to the families of the victims and to the Lebanese Government and people, his spokesperson said in a statement.“At this critical point for Lebanon, and as homage for other lives lost, it is important that all sides return to dialogue and seek the reconciliation, national unity and stability for which Rafik Hariri worked during his lifetime,” the statement added.Yesterday three people were killed and at least 18 others injured when terrorists bombed two commuter buses in Ain Aaleq, near the mainly Christian town of Bikfaya, prompting Mr. Ban, the Security Council and Geir O. Pedersen, the newly appointed UN Special Coordinator for Lebanon, to each issue statements expressing outrage at the attacks.They emphasized the need for an end to impunity and urged the Lebanese to maintain national unity, whatever their differences on how best to achieve stability and security, against those who attempt to secure their political objectives through violence.The Security Council set up the International Independent Investigation Commission (IIIC) to examine the Hariri assassination and 14 other bombings in Lebanon, and earlier this month the UN signed an agreement with Lebanon to establish a Special Tribunal to prosecute the suspected killers of Mr. Hariri. The Lebanese Government now has to approve and ratify the agreement for it to enter into force. read more

Radiation in consignment from India Audio

Meanwhile the Power and Energy Ministry said that the distribution of the items from India which arrived in the container have been suspended pending further investigations.Head of the Division of Radiation Protection at the AEA H.L. Anil Ranjith said that the items found with radiation are items used mostly at home. The container had gone through tests at the port and radiation levels had been detected during that test, Dr. Wijeywardena said. The Atomic Energy Authority (AEA) in Sri Lanka is investigating a consignment of stainless steel products imported from India which have been found to have radiation.AEA chairman Dr. Ranjith Wijeywardena told the Colombo Gazette that the container with the items from India had arrived in Sri Lanka on a vessel on Thursday. He said that when officials from the AEA in Sri Lanka visited the port and inspected the container they had found 125 boxes with items containing radiation. He said that tests had found that the items had been detected with the ‘Cobalt-60’ radioactive material.CLICK HERE FOR AUDIO read more

General Assembly confirms second 4year term for UNs chief development official

In a statement after confirmation, Assembly President Jan Kavan of the Czech Republic noted that when Mr. Malloch Brown became UNDP Administrator in 1999, the agency was in a difficult situation as core resources had fallen to an all-time low of $630 million, and there were expectations that this drop would continue.“In four short years, the funding situation has been turned around,” he said, adding that confidence in the organization has increased dramatically, the core budget is growing, as is UNDP’s contribution to world development.“Today, if UNDP is a strong voice for the United Nations in development, if it has become an efficient, result-driven, and increasingly better-funded organization, it is to Mark Malloch Brown’s credit,” Mr. Kavan said. “His talented, highly motivated staff shares the credit for this turnaround with him.” read more

UN chief condemns shooting of Ukrainian plane 49 aboard killed

United Nations Secretary-General Ban Ki-moon today condemned in the strongest terms the downing of a Ukrainian military airplane today in the eastern city of Lugansk, killing all 49 people aboard.“The continuing violence in eastern Ukraine – characterized by growing loss of life and a deteriorating humanitarian situation – highlights the need for an immediate cessation of hostilities and a resolution of the crisis through negotiation and dialogue,” Mr. Ban said in a statement from his spokesperson.The UN chief appealed to all sides to implement urgently the 17 April Geneva Agreement, which offered a “clear path to a peaceful solution”. The accord, struck in Geneva at a meeting between Ukraine, Russia, the United States and the European Union, outlined a series of steps to de-escalate tensions in eastern Ukraine that reportedly include demobilizing militias and vacating seized Government buildings.The Geneva Statement capped months of political unrest in Ukraine that led to the removal by Parliament of President Viktor Yanukovych in February. This was followed by increased tensions in the country’s autonomous region of Crimea, where Russian military were subsequently deployed and a secession referendum was held in mid-March, in which the majority of the region’s people voted to join Russia.By mid-April, tensions flared in eastern Ukraine as Lugansk, Kharkiv, Donetsk and at least 5 other cities in the region were targeted by uprisings. In today’s statement, Mr. Ban reiterated support for the newly-elected president, Petro Poroshenko, and the people of Ukraine with whom he stands in solidarity during this difficult time. “Everyone must do their part to bring Ukraine back from the brink and ensure its unity, sovereignty and territorial integrity,” he underscored. read more

Mens lacrosse First road trip serves as true test for undefeated Buckeyes

Ohio State senior attackman Austin Shanks surveys the defense against Furman at the Woody Hayes Athletic Center on Feb. 5. OSU won 12-6. Credit: Gene Ross | Senior Lantern reporterThe Ohio State men’s lacrosse team (4-0) will be traveling to Milwaukee for the third annual Midwest Classic this weekend. This is the first time the Buckeyes will be on the road and play two games in a weekend this season.On Friday evening, No. 17 OSU is set to take on the Marquette Golden Eagles (1-1) and battle against Bellarmine (1-2) on Sunday at 1 p.m.Last week, the Buckeyes played strong second and third quarters, but their performance fell flat in the fourth quarter, being outscored 5-3. OSU coach Nick Myers said his team is still working on its complete game and this weekend will be a growing opportunity. “It’s a great experience going on the road for the first time and being bunkered up in a hotel and a long bus trip,” Myers said. “There are a lot of challenges that can be presented to you.”The Buckeyes defeated the Golden Eagles 12-8 last March despite the Eagles leading returning scorer, senior attackman Ryan McNamara, tallying four goals in the match.Myers said McNamara is one of the best in the country at his position, and is one reason why OSU’s defense will have to be on high alert on Friday.“They have guys who obviously have the experience and success being in the NCAA tournament last year,” he said. “I think this coaching staff did a remarkable job preparing their team.”So far this season, the Buckeyes’ offense has received contributions from just about everyone on that side of the field. Sixteen players have scored for OSU, including five averaging at least one goal per game. Myers said the team’s depth has been one of its strongest assets.“We put our third line of midfielders out there against Jacksonville … they know they’re not just going to go in a game that’s out of hand or that’s down to the wire,” he said. “I think everyone appreciates the fact that when your number is called you have to be ready to go.”The Buckeyes will finish their weekend playing the Bellarmine Knights on Sunday. OSU defeated the Knights last season, 9-5. OSU sophomore defender Matt Borges said that it’s important that the Buckeyes prepare themselves mentally to execute well in the rematch.“I think going into a double header like this, you just gotta get your mind right going into that second game. That second game you know you’re going to be a little fatigue and tired,” Borges said.  “Going into the week, you have to be ready to work hard. It’s going to be about who wants it more.” While being on the road comes with distractions, OSU junior midfielder Bo Lori said coach Myers has been putting an emphasis on focusing on the game and not the things going on around them. “There’s a lot of events that come with playing a road game,” Lori said. “I think just being mentally focused on the game and not letting those outside aspects of travel and hotel life and family not get to our head and deter our focus.” read more

After 44 years at The Columbian he’s history

first_imgGun-Marie Olsson popped her head out of the women’s restroom and called for her husband to hurry over. She wanted him to check out the ceiling.Olsson and Ulf Rosdahl, from Kristianstad, Sweden, were enjoying an unexpected application of local history at the Fort Vancouver Visitor Center. The ceilings in both restrooms are painted in patterns that duplicate 180-year-old English dinnerware. The Spode china was used by Hudson’s Bay Company employees at Fort Vancouver, eventually discarded, and then excavated by archaeologists.The two original china plates that inspired the ceilings are on display in a Visitor Center gallery. The restroom ceiling setting seems appropriate, since a lot of the artifacts in the Fort Vancouver collection were discovered in 19th-century toilet facilities.“There was no organized system for how people rid themselves of trash,” said Elaine Dorset, a National Park Service archaeologist. “Privies were a place where they could get rid of trash.”Now that trash is among the artifacts, places and structures that are part of Clark County history.Some are overlooked nuggets reflecting prominent people, such as the monument to Ulysses S. Grant’s potato patch and the hidden heart of Mother Joseph.last_img read more

Panera opens in Hazel Dell

first_imgPanera Bread held its grand opening Monday at its new location in Hazel Dell, at 7200 N.E Highway 99. The newest location for the popular national restaurant chain features a 116-seat dining area and drive-through window. The location has one feature that sets it apart from other Paneras — a remnant of a sign for the former Steakburger restaurant that occupied the site for decades. The letters “EAT” have been preserved in neon on the restaurant’s ceiling as a memorial to the beloved local restaurant that closed earlier this year.This is Panera’s second Vancouver location. The St. Louis, Mo., company operates a restaurant at 915 S.E. 164th Ave., and nearby in Portland at the Jantzen Beach mall. Its hours are 6 a.m. to 9 p.m. Mondays through Saturdays, and 7 a.m. to 9 p.m. on Sundays.last_img read more

Miami Police give all clear after suspicious package call

first_imgMIAMI (WSVN) – Officials gave the all-clear after a suspicious package prompted a heavy police presence in downtown Miami.City of Miami Police and the Bomb Squad were called out to a purple piece of luggage spotted outside a high-rise building on Northeast Second Street and Biscayne Boulevard, Monday evening.After investigating, authorities deemed the luggage safe and cleared the scene.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Manoni Replaces Malkin as Source Media CEO

first_imgDoug Manoni, the ex-CEO of Wicks Business Information, has been named CEO of Investcorp-owned Source Media, replacing Jim Malkin, who has left the company. A Source spokesperson declined to comment on the circumstances surrounding Malkin’s departure.Source also said it was promoting Rich Antoneck, senior vice president of financial operations, to CFO. Antoneck succeeds Bill Johnston, who also is leaving the company.Manoni joined Source in September 2008 as executive vice president and managing director of its then recently-created banking division, which publishes magazines including American Banker and Bond Buyer. A month earlier, Source had reorganized into four strategic business groups and named a team to head each of those divisions. Among the four division leaders, Manoni was the only to carry the designation of corporate officer. It was unclear at the time why the other division heads did not have that same status.Summit Business Media, another publisher covering the financial industry, bought Wicks Business Information in July 2007 for an estimated $40 million.Malkin’s and Johnston’s departures represent the second such changing of the guard among trade publishers in recent weeks. Earlier this month, Paul Mackler left HMP Communications Holdings as chairman and CEO. In November, CFO Ken Fisher also left the company.last_img read more

Durants Adopted Brother Shot to Death in Atlanta

first_imgBy Mark F. Gray, AFRO Staff Writer, mgray@afro.comCliff Dixon, who was known at one time as NBA superstar Kevin Durant’s “adopted brother,” was shot to death at an Atlanta nightclub March 20.Multiple reports confirmed that Durant’s former AAU basketball teammate was fatally wounded at the SL nightclub during what was supposed to be his 32nd birthday party.  The current Golden State Warriors star mentioned Dixon during his emotional speech after winning his NBA Most Valuable Player Award when he played for the Oklahoma City Thunder in 2014.Basketball player Cliff Dixon, who grew up like a brother to NBA superstar Kevin Durant, was killed at an Atlanta nightclub on March 20. (Courtesy Photo)“All my friends: Cliff [Dixon], Vernon [Dixon], Tay [Young], Rodney [Williams], and Ryan [Lopez], you keep me sane every day.  There are days where I come home upset from practice or a game and you just brighten my day up.  I thank you guys. You mean the world to me. I wouldn’t be here without you guys.  This is our trophy too.”Dixon, 32, a Suitland native also, became a celebrity after dating the Atlanta-based “Love and Hip Hop” star Erica Mena.  According to TMZ.com, Mena posted a message about Dixon’s murder, saying, “We all deal with so much. You dealt with a lot. I’m so sorry this happened, you didn’t deserve this. Rest in forever peace. Watch over your blood sisters, brothers, nieces, nephews and your mommy. I know they are so broken right now.”Dixon was wounded in the parking lot of SL Lounge on Buford Highway in an Atlanta suburb just after 1 a.m. Thursday, March 21  Chamblee (GA) police confirmed to the Atlanta Journal-Constitution.  Spokesman Michael Beller told the newspaper Dixon arrived at the bar and was standing in the parking lot when he was shot multiple times. He was taken to Grady Memorial Hospital in downtown Atlanta, where he later died of his injuries.Durant and Dixon grew up as surrogate brothers after the NBA world champion’s mother, Wanda, brought him into their home and effectively helped raise him along with her son at 16 years old.Dixon graduated from Suitland High School and played college basketball Hutchinson Junior College before enrolling at Western Kentucky University for two seasons.  He was dismissed from the Hilltoppers program for a violation of team rules after reportedly not returning to the bench when he didn’t play in the first half of a game in 2011.  Dixon then played professional basketball in Austria in 2018.Neighborhood associates tell the AFRO that while Dixon and Durant were still close, their relationship had become somewhat strained recently. Initially Dixon gave the reclusive basketball prodigy “street credibility” in Prince George’s County, while he was in high school and making a name for himself as one of the top basketball recruits in the nation.However, after turning pro they reached an impasse over a credit card bill.  Durant had also pulled away for “image reasons” as well.  A source, who didn’t want to be identified for fear or retaliation in Atlanta tells the AFRO that “sooner or later that life comes back to get you.  It looks like a hit to me.”Less than 24 hours after the incident a stoic Durant went back to the sanctuary of the basketball court. He scored 15 points and grabbed six rebounds for the Warriors in leading them to a 112-89 victory over the Indiana Pacers.Durant isn’t the only member of the Warriors who had close relationship with Dixon. Former DeMatha guard Quinn Cook, who is from also from D.C., was visibly shaken during the National Anthem and made only one of his six shot attempts during the game.  Durant has dedicated the remainder of this season to Dixon’s memory.last_img read more

How to Download and Install macOS Mojave

first_img Henry T. Casey, Henry is a senior writer at Laptop Mag, covering security, Apple and operating systems. Prior to joining Laptop Mag — where he’s the self-described Rare Oreo Expert — he reviewed software and hardware for TechRadar Pro, and interviewed artists for Patek Philippe International Magazine. You can find him at your local pro wrestling events, and wondering why Apple decided to ditch its MagSafe power adapters. Henry T. Casey, on by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GameIf you’re over 40 – this game is a must!Vikings: Free Online GameUndoKelley Blue Book5 Mid-engine Corvettes That Weren’tKelley Blue BookUndoGrepolis – Free Online GameGamers Around the World Have Been Waiting for this GameGrepolis – Free Online GameUndoTODAYPolice Identify Girl Licking Ice Cream Tub In Viral VideoTODAYUndoCNN International for ANAThe Secret Of What It Takes To Be Naomi OsakaCNN International for ANAUndoMy Food and FamilyHealthy, Homemade Drunken Thai Noodles In Just 20 MinutesMy Food and FamilyUndoAdvertisementcenter_img Author Bio Sept. 25 Update: This story has been updated per an installation tip I learned on my personal MacBook Pro.Today is the big day for macOS, as Apple will release its latest major update — macOS Mojave 10.14 — for free. Mojave brings a ton of new tricks, including Continuity Camera, Dark Mode and a self-organizing desktop, so you’re probably looking to get it installed ASAP.First, make sure your Mac is on this list of supported machines:MacBook Air vs MacBook Pro: Which 13-inch MacBook Is Right For You?Apple’s entry-level MacBook Air and Pro look pretty similar, but our testing proved they differ in crucial ways.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Which Cheap Tablet Is Best? Amazon Fire 7 vs Walmart Onn02:45关闭选项Automated Captions – en-USAutomated Captions – en-USAutomated Captions – en-US facebook twitter 发邮件 reddit 链接https://www.laptopmag.com/articles/how-to-install-macos-mojave?jwsource=cl已复制直播00:0003:4603:46 MacBook (Early 2015 and later)MacBook Air (Mid 2012 and later)MacBook Pro (Mid 2012 and later)Next, make a list of the third-party apps you rely on every day, those mission-critical programs that you need to do your job and complete other tasks. Check that those apps have been updated to support Mojave, as developers will often note macOS support in update metadata and on their sites.MORE: MateBook X Pro vs. MacBook Pro: Which Is Right for You?Now, perform a backup. Mojave seems to be a stable update, but this is the one time of the year where we always remind people to keep their data backed up. I use three backup solutions: Time Machine, Backblaze and Super Duper, just to make sure.Lastly, are you running the Jettison app, for automatically ejecting external drives when you put a laptop to sleep? As I discovered last night, you’ll need to quit the app, and disable its auto-open upon login feature (Open System Preferences, click Users & Groups, click Login Items, click Jettison and click the Minus button.Okay, it’s almost update time. Find a one-hour block of time where you won’t need your MacBook, as the update will interrupt your day while it overhauls your system.Now you’re ready to update to macOS Mojave 10.14:1. Click the Apple icon in the top left corner.2. Select App Store.3. Click macOS Mojave (or search for “mojave” if the banner graphic doesn’t appear).4. Click Download. From there, follow the on-screen instructions. Click Continue, then click Agree, and then click Agree again, because you didn’t scroll to the bottom of the software license agreement, because nobody ever does.Next, click Install, enter your password and click Add Helper. Next, click Restart.Now, watch as macOS Mojave is installed on your laptop. You’ll likely need to re-enter your iCloud password and system password once it’s done installingMacBook Air: Can Apple Stage a Comeback?Apple MacBook Pro (15-inch) vs. Asus ZenBook Pro 15: Face-Off!Best Apple Laptopslast_img read more

Thailand International Balloon Festival 2018

first_imgSAWASDEE: eTN Chatroom for Readers (join us) You can read full article here: https://www.tatnews.org/thailand-international-balloon-festival-2018/ This year marks the 10th anniversary of Thailand’s first and only International Balloon Festival, which will be held from 2 to 4 March at the Cowboy Army Riding Club, Chiang Mai.Visitors can expect to enjoy a spectacular sight of colourful hot air balloons gracefully drift through the air, and the festival’s signature balloons night glow that will decorate the sky at night.This year will be the first time ever in the world that “The Sparkling Glow” of the balloon nightglow has been created by Sornchat Krainara, the Festival’s Owner and her Boon Companion Composer, Bringkop Vora-Urai. The night glow will Share this:TwitterFacebookLike this:Like Loading…last_img read more

Why Rising Student Debt Could Signal Growth for Housing

first_img Share in Data, Government, Origination, Servicing Why Rising Student Debt Could Signal Growth for Housing Agents & Brokers Home Equity Home Values Housing Affordability Investors Lenders & Servicers National Association of Home Builders Processing Service Providers 2012-06-22 Tory Barringercenter_img An analysis of government data by the “”National Association of Home Builders””:http://www.nahb.com/ revealed another issue that can be added to the list of economic changes caused by the housing slump: Rising student loan debt.[IMAGE]Data shows that the onset of the housing crisis brought with it an increase in students taking out loans for higher education. Since the third quarter of 2008, student loan debt has increased by 47.9 percent ($293 million). This increase is attributed to the drop in the availability of home equity loans, which are often used by homeowning parents to finance their children’s education. “”The rising student loan debt problem is another consequence of the housing downturn,”” said NAHB chairman Barry Rutenberg. “”As more and more parents face tighter budget restraints as a result of lower home values, this is forcing an increasing number of students to take out loans for tuition, essentially shifting some of the burden of paying for college from parents to students.””The link between the start of the housing slump and the rise in student loan debt follows a recent report from the Federal Reserve showing that the country’s household wealth fell nearly 40 percent from 2007 to 2010 as a result of declining home values. While student loan debt has risen, NAHB’s analysis dismissed speculation that loan delinquency could spell disaster for housing and the economy. The 90-plus day delinquency rate on student loans has increased 42 percent since Q3 2008, but it is a relatively small increase compared to delinquency rates on cars or mortgages, and the current 90-plus day rate of 8.69 percent still stands below crisis levels.””Given the high, but declining, levels of unemployment for younger people, it is possible that the number of troubled student loans will rise over the short-term, but it is likely an exaggeration to liken the current situation to a new economic bubble waiting [COLUMN_BREAK]to burst,”” said the report. After extrapolating from 2009 IRS data and factoring in increases in enrollment and debt, the report estimated that for households with an adjusted gross income (AGI) of $30,000 or less, student loan payments can take up 25 percent or more of household income. A figure that high would certainly drive down housing demand, the NAHB concluded. However, for households that have a higher AGI (approximately two-thirds of student loan debt deduction claimants), loan payments represent a significantly smaller share of the household’s income and would likely have little effect on demand.””So the IRS data and the Fed data on delinquency rates suggest that student loan debt burdens are, for the most part, not going to have a massive effect on housing demand. This is not to say that there are not cases where individuals obtain very large amounts of student loan debts and then have trouble finding a job or a job with sufficient income to pay those debts. But the data suggest that these cases are the exception, rather than the rule,”” said the report.The reported also reminded readers of the link between a skilled, educated workforce and housing demand: “”While it is likely the case that some returns to higher education represent signaling, employer preference for educated workers indicates that an educated worker has higher productivity. And productivity implies a higher wage. “”This is well known, and data from the Current Population Survey confirm it. In general, the more advanced the degree, the higher the average wage. Moreover, wages are rising faster over time for more educated workers. Higher incomes allow for stronger housing demand. So to that extent, education, even reasonably debt-financed education, is a net positive for long-run housing demand, both rental and owner-occupied.””The report concluded that the rising student loan debt doesn’t represent an increase in borrowing so much as it represents a change in how people are borrowing for college financing. As home equity loans have fallen, student loans have simply risen to match. NAHB also reminds readers that rising debt is not necessarily a bad thing when the debt is used for investment purposes-for example, an advanced education.””More fundamentally, it would be a mistake to condemn the attainment of higher education itself, and even debt-financed higher education, as bad for the economy and housing demand. The data show that education continues to result in higher wages, which is good for housing,”” said the report. June 22, 2012 434 Views last_img read more

Ocwen Issues Blistering Response to Investor Notice

first_img in Daily Dose, Featured, News, Servicing Share January 26, 2015 803 Views Ocwen Issues Blistering Response to Investor Noticecenter_img Atlanta-based mortgage servicer Ocwen Financial has responded to a Notice of Nonperformance filed on Friday by law firm Gibbs & Bruns on behalf of investors, accusing them of pushing homeowners to foreclosure.The notice accuses the servicer of failing to collect on 119 residential mortgage-backed securities trusts with an original balance of more than $82 billion. Gibbs and Bruns said in a public release on Friday that a “lengthy investigation and analysis by independent, highly qualified experts” turned up multiple instances of Ocwen’s failure to perform, including use of trust funds to pay borrower relief obligations through modifications on trust-owned mortgages; conflicts of interest with affiliate companies; failure to maintain adequate records and communications with borrowers; and “[e]ngaging in imprudent and wholly improper loan modification, advancing, and advance recovery practices;” among others. The firm said the trusts lost more than $1 billion as a result.Monday, Ocwen attorney Richard A. Jacobsen responded to the allegations with the following statement:  “Ocwen continues to be committed to meeting all of its servicing obligations in accordance with its contractual arrangements in the over 2,500 Trusts that it services, and in full cooperation and compliance with its industry regulators. Your clients, on the other hand, are asking Ocwen to turn its back on the Trusts as a whole, on the borrowers, and on public policy. Ocwen declines to do so and reserves all its rights and remedies.”Jacobsen said in his response that “Ocwen denies that there is any basis for default under the Trust agreements” and that the servicer would respond to the exhibits mentioned in the letter “at the appropriate time.” He further mentioned that the Gibbs & Bruns letter was “drafted in an inflammatory tone, with misleading content, and coordinated with media release so as to create wildy false impressions.”Ocwen’s response called the investors’ effort to stop loan modifications and push foreclosures on homeowners “ill-conceived” and state that “[w]hile knee-jerk foreclosures may redound to the special economic interests of your clients, they are not in the best interests of the trusts as a whole, not consistent with industry practice, and therefore prohibited under the servicing agreements.”Jacobsen wrote that Ocwen sought to service loans that were in the best interests of the trusts as a whole and not simply those that would benefit the investors economically.”Perhaps most egregious is your clients’ continuing objection to the principal reduction modification targets in the government’s national mortgage settlements with RMBS issuers and servicers,” Jacobsen wrote. “Indeed, Ocwen’s national mortgage settlement provides that such modifications shall be done subject to, and within the confines of, the servicing agreements.”Also on Monday, Ocwen issued a statement responding to similar allegations made by Blue Mountain Capital Management, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust, by addressing the allegations in the letter directly with Deutsche Bank National Trust Company, the indenture trustee. Ocwen vowed in its response to “vigorously defend itself against the allegations in the letter.”Ocwen has had many well-publicized regulatory troubles in the last two years. The servicer ended 2014 with a $150 million settlement with the New York Department of Financial Services over claims that the servicer intentionally backdated hundreds of foreclosure notices in order to deny loan modifications to qualified borrowers. That settlement included the departure of chairman Bill Erbey, who founded Ocwen more than 30 years ago.On Friday following the Notice of Nonperformance filing, Ocwen reached a $2.5 million settlement with the California Department of Business Oversight to resolve claims that the servicer failed to comply with California’s Homeowner Bill of Rights. Investors Lawsuits Ocwen RMBS 2015-01-26 Seth Welbornlast_img read more

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first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Bestselling Books Week Ending 2/23/19HARDCOVER FICTION1. “The Chef” by James Patterson and Max DiLallo (Little, Brown)2. “Where the Crawdads Sing” by Della Owens (G.P. Putnam’s Sons)3. “Never Tell” by Lisa Gardner (Dutton)4. “Connections in Death” by J.D. Robb (St. Martin’s Press)5. “Mission Critical” by Mark Greaney (Berkley)6. “The Silent Patient” by Alex Michaelides (Celadon Books)7. “The Reckoning” by John Grisham (Doubleday)8. “Black Leopard, Red Wolf” by Marlon James (Riverhead)9. “Fire & Blood” by George R.R. Martin (Bantam)10. “Liar Liar” by James Patterson and Candace Fox (Little, Brown)11. “Turning Point” by Danielle Steel (Delacorte)12. “The Wedding Guest” by Jonathan Kellerman (Ballantine)13. “Every Breath” by Nicholas Sparks (Grand Central Publishing)14. “The Vanishing Man” by Charles Finch (Minotaur)15. “Crucible” by James Rollins (William Morrow)HARDCOVER NONFICTION1. “The Threat” by Andrew G. McCabe (St. Martin’s Press)2. “Becoming” by Michelle Obama (Crown)3. “Educated” by Tara Westover (Random House)4. “Brave, Not Perfect” by Reshma Saujani (Currency)5. “Keto Diet” by Josh Axe (Little, Brown Spark)6. “Grateful American” by Gary Sinise and Marcus Brotherton (Thomas Nelson)7. “Feeding You Lies” by Vani Hari (Hay House)8. “Spearhead” by Adam Makos (Ballantine)9. “It’s Not Supposed to Be This Way” by Lysa TerKeurst (Thomas Nelson)10. “Dreyer’s English” by Benjamin Dreyer (Random House)11. “Stress Less, Accomplish More” by Emily Fletcher (William Morrow)12. “Homebody” by Joanna Gaines (Harper Design)13. “Magnolia Table” by Joanna Gaines (William Morrow)14. “The Theft of America’s Soul” by Phil Robertson (Thomas Nelson)15. “The First Conspiracy” by Brad Meltzer and Josh Mensch (Flatiron)MASS MARKET PAPERBACKS1. “Devil’s Daughter” by Lisa Kleypas (Avon)2. “Fifty Fifty” by Patterson/Fox (Vision)3. “The Cast” by Danielle Steel (Dell)4. “Stroke of Luck” by B.J. Daniels (HQN)5. “Without Mercy” by Lisa Jackson (Zebra)6. “The Disappeared” by C.J. Box (G.P. Putnam’s Sons)7. “This Matter of Marriage” by Debbie Macomber (Mira)8. “A Willing Murder” by Jude Deveraux (Mira)9. “The Wrong Highlander” by Lynsay Sands (Avon)10. “Vengeance Road” by Christine Feehan (Berkley)11. “Mornings on Main” by Jodi Thomas (HQN)12. “Leverage in Death” by J.D. Robb (St. Martin’s Press)13. “The Jackals” by William W. Johnstone (Pinnacle)14. “Lilac Lane” by Sherryl Woods (Mira)15. “Secrets of the Tulip Sisters” by Susan Mallery (HQN)TRADE PAPERBACKS1. “The Tatooist of Auschwitz” by Heather Morris (Harper)2. “The Lost Girls of Paris” by Pam Jenoff (Park Row Books)3. “Juror ?3” by Patterson/Allen (Grand Central Publishing)4. “Total Control” by David Baldacci (Grand Central Publishing)5. “Tailspin” by Sandra Brown (Grand Central Publishing)6. “Eleanor Oliphant is Completely Fine” by Gail Honeyman (Penguin)7. “The Perfect Couple” by Elin Hilderbrand (Back Bay)8. “The House Next Door” by James Patterson (Grand Central Publishing)9. “The Immortalists” by Chloe Benjamin (G.P. Putnams’ Sons)10. “An American Marriage” by Tayari Jones (Algonquin)11. “Sapiens” by Yuval Noah Harari (Harper Perennial)12. “Recipes for Your Perfectly Imperfect Life” by Kimberly Snyder (Harmony)13. “Born a Crime” by Trevor Noah (Random/Spiegle & Grau)14. “Less” by Andrew Sean Greer (Back Bay)15. “Then She Was Gone” by Lisa Jewell (Atria)Copyright 5/8 2019 Publishers Weekly, powered by NPD BookScan 5/8 2019 NPD Group.The Associated Press PUBLISHERS WEEKLY Bestsellerscenter_img by The Associated Press Posted Feb 28, 2019 2:03 pm PDTlast_img read more

Coop put up for sale

first_imgThe co-op bank on Monday opened a virtual data room that will be used by potential investors to securely exchange data and analyses, as the lender seeks to reduce the state’s share.The procedure launched by the bank has two parts, one offering the choice of acquiring the bank as a licensed entity, or part or all of its assets and liabilitiesOther Cypriot commercial banks can take part in the second option.The process will close on March 29 at 12pm. It will be handled by Citygroup global markets.After that, potential investors will be given time to submit binding offers.An unnamed co-op official cited by the Cyprus News Agency said the aim was to find an investor by this summer.The same source said the process kicked off after the meetings the bank and Citygroup had with potential investors last December.“All the components for a transaction are in place,” the source said. “We have an external loan management servicer (Altamira), which acts as an additional incentive for acquiring loans, and we have a single entity after the merger of different co-ops.”The co-op bank was recapitalised with almost €1.7bn in taxpayers’ money in 2014 and 2015, but it is struggling with some €6bn of non-performing loans, accounting for more than half of its loan portfolio.Its portfolio is full of primary residences, which the current foreclosures and insolvency laws make it very difficult to move against, thus exacerbating the problem.In 2017, co-ops extended the collateral recovery period to seven years, a move that cost €150m in provisions.You May LikeObsevScared Dog Is Lost In The Wild, 28 Days Later This HappensObsevUndoJay's ProductsJTrim Hair Clippers For Men PRO-Clipper Elite 2 Speeds Electric Beard Trimmer Cordless Hair Trimmer For Adult and Kids JPT-HC400Jay’s ProductsUndoMatatang_HomesMost expensive homes in the worldMatatang_HomesUndo Companies must use buying power to root out slavery, says UK officialUndoTwo of serial killer’s victims buried in PhilippinesUndoHouse rejects presidential veto over repossession lawUndoby Taboolaby Taboolalast_img read more