Are mortgage rules hurting home ownership?

first_imgA recent GAO report points out that a “key challenge” of the Dodd-Frank Act mortgage regulations is to balance the goals of increasing borrower protections while not decreasing access to credit. How are regulators doing so far?A report released by the Commerce Department yesterday demonstrates just how much homeownership rates have tumbled over the last decade. The national home ownership rate stood at 64.4 in the fourth quarter of 1992 and reached its zenith of 68.4% in the first quarter of 2007.  According to the numbers released yesterday, the homeownership rate now stands at 63.4%. The decline is even more dramatic for minorities. In the third quarter of 2006, the homeownership rate for African-Americans was 48% and 49.7% for Hispanics. Today those rates stand at 43% for African= Americans and 45.4% for Hispanics.Do these declines reflect inevitable retrenchment following a housing bubble, as I would suggest, bad public policy, or racial bias in lending? This is going to be the most important and hotly debated public policy question over the next decade (surpassed in importance to the American public only by whether or not Tom Brady received a just punishment for his deflated balls?). How it is answered will impact your credit unions’ operations for years to come. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Over half a million cruise passengers visited Croatia

first_imgSource: CBS In the period from January to July 2019, 57 foreign cruise ships entered Croatian seaports, which made 368 cruises. There were 565 thousand passengers on these ships, who stayed in Croatia for 749 days, according to data from the Central Bureau of Statistics (CBS). The port of Dubrovnik (267 visits) had the most visits of foreign cruise ships, followed by the ports of Split (140 visits) and Zadar (62 visits). A total of 368 cruises of foreign ships were realized In the period from January to July 2019, the number of trips of foreign cruise ships increased by 7,0%, and the total number of days of stay of ships increased by 6,4% compared to the same period in 2018. The number of passengers on these ships in the said in the period of 2019 is higher by 8,9% compared to 2018. Increase in the number of voyages, passengers and days of stay of foreign cruise ships The most visited port is Dubrovnik, followed by the ports of Split and Zadar Out of a total of 368 cruises, most trips were realized in the Dubrovnik-Neretva County (59,0%) and the Split-Dalmatia County (25,5%), which is a total of 84,5%. The remaining 15,5% of trips were made in the following counties: Zadar (6,5%), Istria (4,3%), Primorje-Gorski Kotar (3,3%) and Šibenik-Knin (1,4%). Photo: Pixabay.comlast_img read more

Questions over virus models that prompted lockdowns

first_img“We gave far too much weight to the models,” Jean-Francois Toussaint, director of France’s Irmes medical research center told AFP. “These mathematical models depend on too many factors to be accurate,” he said.Toussaint said that with COVID-19 a heretofore unknown disease, there were many variables in the models that could drastically affect their outcomes.”The most egregious case was [the prediction] of 500,000 deaths that forced governments’ hands. It’s a typical example of a not very serious application of science,” said Laurent Toubiana, an epidemiologist who has spoken against lockdowns. When the novel coronavirus began to circulate globally at the beginning of March, scientists turned to statistical models to predict the severity of the pandemic. The news was stark.The epidemiological models showed that COVID-19 could infect hundreds of millions of people and kill millions worldwide, prompting governments to enter lockdown in a bid to avoid the worst. Now, as much of Europe gingerly exits confinement, questions are being asked about the methods used and the results produced in the calculations that shocked authorities into taking unprecedented measures to enforce social distancing.  He was referring to a model by researchers at London’s Imperial College, released on March 16, which showed that without any action, COVID-19 could kill 510,000 people in Britain and 2.2 million in the United States.The study, led by epidemiologist Neil Ferguson, prompted Prime Minister Boris Johnson to enforce strict social distancing measures in the days that followed.”We always prefer to listen to the alarmists,” said Toubiana, pointing out that the death toll from COVID-19 is currently at least one order of magnitude lower than what Ferguson and colleagues’ model showed.The authors at the time did point out that their model did not take into account changes in behavior such as social distancing, hand washing and mask wearing, all of which have proved successful in reducing COVID-19’s spread. ‘Models aren’t absolute’ The model immediately came in for criticism for its methodology, but the university has stood by the research, saying this month that it had passed an evaluation by independent experts.On Monday a new Imperial study concluded that lockdowns had prevented 3.1 million COVID-19 deaths across 11 European nations. Toussaint claimed Imperial was “trying to retrospectively justify its mistakes”.Whereas Imperial’s initial study was released directly by the university, Monday’s appeared in the prestigious journal Nature and had been subjected to review by a host of the researchers’ peers.Modelers themselves are keen to stress that they don’t have crystal balls: they simply use maths to simulate various outcomes — and in doing so may confront decision makers with the worst case scenario they may wish to avoid.”A model doesn’t have to be interpreted as absolute: it’s a snapshot that rests on what we know at the time,” said Nicolas Hoertel, a psychiatrist and modeler at the Corentin-Celton hospital near Paris.”It’s a bit like an opinion poll,” he told AFP.”There are major limits [to models] but at this stage they are the only scientific tool we have to inform decisions regarding public health,” Hoertel said.A recent model in France showed that lockdown had saved 100,000 lives, but policymakers have said models were not the only reason the country entered radical social distancing in March. “Of course we relied heavily on models… one for example said that without confinement we were going to have 120,000 or 150,000 deaths,” Jean-Francois Delfraissy, president of France’s scientific council advising the government on COVID-19, told French television this month. “But models are only models,” he said, adding that on-the-ground observations from the massive influx of patients to hospitals also guided the government.Ultimately, “it’s a political decision,” Delfraissy said. Topics :last_img read more

Belfast downed by Devils

first_img Press Association The Steelers won their game against Fife Flyers with a 3-0 shutout as they closed the gap on second-placed Dundee to a point. Cardiff Devils claimed a 2-1 penalty shootout win over Elite League leaders Belfast Giants on Saturday night.center_img Luke Piggott had opened the scoring for Cardiff in the first period but Colin Shields cancelled that out three minutes later, with Jake Morrisette the difference in the shootout to claim a win for the Welsh side. Meanwhile, Braehead Clan consigned Edinburgh Capitals to a 3-1 defeat – their eighth in succession – to claim their fifth win in a row and keep the pressure on third-placed Sheffield Steelers. last_img read more

Oceans 8 starring Rihanna sees $40 million opening weekend

first_imgRihanna and the strong all-female cast of Ocean’s 8 have opened with a strong weekend, raking in over $40 million.According to Variety, 69 percent of the audiences that saw the film were women. In the movie, the Bajan singer turned entrepreneur and actress plays the dreadlocked Nine Ball and is part of an all-female cast of thieves that plans to heist one of the most exclusive events in the United States. The film –– which also stars Awkwafina, Mindy Kaling, Anne Hathaway, Sandra Bullock, Cate Blanchett, Sarah Paulson, and Helena Bonham Carter.last_img

Rusmir Malkočević set a new Junior Record of B&H in 400 Meters

first_imgThe member of the Athletic Club ‘’Sloboda-Tehnograd’’ Rusmir Malkočević won a silver medal at the Balkan Championship for juniors which was held this weekend in the Romanian town of Pitesti.Malkočević won the second place and a silver medal in the 400m hurdles achieving a result of 53:53 seconds, which is a new junior record of B&H; it was released from the AC ”Sloboda-Tehnograd”.The BH athlete again met the norm for the performance at the European Junior Championship, which is to be held in the Swedish Eskilstuna from July 16th to July 19th.(Source: klix.ba)last_img

2015 Wellington Hydrant Testing schedule:

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — The following is the schedule for the 2015 Fire Hydrant testing. The schedule will be followed as close as possible. At times, due to unforeseen circumstances, changes to the schedule will be necessary. Announcements for any changes will be made as soon as possible. Hydrant testing will start on Sunday Sept.13 and will continue on weekdays only until all of the hydrants are tested.Crews will be trying to keep the water as clear as possible. Some “dirtying” of the water may occur in the area that is being tested. The possibility exists for adjacent areas to receive some of the “dirty” water also.Sept. 13th –Sept. 18th, 2015: Downtown hydrants from:Second to Ninth on Washington.Washington from 10th St to 16th St.Jefferson from 1st St. to 16th St.“A” St, and “B” St. from Lincoln to 16th St.“C” St. from 2nd St. to 15th St.“G”, “H”, Blaine, and Olive from 2nd St. to Harvey“F” from 2nd to 15thVandenburgh and Harvey, Olive from Harvey to 8thCrestview Heights and Coyote RidgeAll hydrants west from Poplar and south of 16th St.Sept. 21st– Sept. 25th, 2015: All hydrants west from Poplar and south of 16th St.(cont)Crestview Heights and Coyote Ridge ( cont.)All hydrants from Ash to Gardner from 3rd to WaldoAll hydrants east of “A” St and north of 16th to the City LimitsAll hydrants north of 16th St. on “A” St. to the City Limits(This will include the Industrial Park areas).“G” & 12th, “H” St. from 11th to the north City LimitsAll hydrants south of BNSF tracks from “C” St. to WoodlawnSept. 28th– Oct. 2nd, 2015: Jefferson to “B” St. from 16th to Vandenburgh.All hydrants south of BNSF tracks from Washington to Blaine.Blaine, Olive from 9th to 22nd.Poplar, Park, Plum, & High from 16th to 22nd.All hydrants north of BNSF tracks and from Woodlawn east.Finish remainder of rural hydrants.Follow us on Twitter.last_img read more

Neptunes surprise coaching staff with third-place finish in Castlegar

first_imgThe Nelson Neptunes shot of the team standing ladder to finish third at the Castlegar Aquanauts swim meet Sunday in the Sunflower City.Host Castlegar used home pool advantage to edge second place Grand Forks and the Neptunes for the overall title.”We are happy with our overall placing and hope to maintain it for Regionals which will be coming up in just a few weeks,” said head coach Cynthia Pfeiffer.”Considering the training that the swimmers endured this week, these results were not expected at all,” Pfeiffer added. Kallie Badry’s 50 meter breaststroke Cameron Bibby-Fox, Arjun Bhabra, Olivia Cowan and Ohia Wintraub’s 100 meter freestyle all of our relays – this was the first meet where we had no disqualifications on any of or relayscenter_img Jaylen Rushton, in Division two girls and Ohia Wintraub, in Division four girls, each won silver.Matthew Holitzki, Sage Cowan and Sam Matthew, in Division four boys, Division six girls and O-Cat Boys, each won bronze, respectively.Coaches Cynthia Pfeiffer, won gold and Rebecca Afford took silver in Division eight women’s.”(Neptunes) trained incredibly hard all week, but all the swimmers were still able to get significant best times  — some taking off as much as 25 seconds from their previous times,” Pfeiffer said.Some of those incredible times included: Nava Sachs’ 200 meter IM Mile relay (1600 meter)  – Sage Cowan, Nava Sachs, Hannah Malenfant, Ohia Wintraub, Olivia Cowan, Samuel Matthew, Matthew Holitzki, and Joanna Blishen finished third with a time of 18:21Pfeiffer said the Neptunes have one more week of hard, sprint-focused training before entering the  “taper” or rest portion of training.”We have next weekend off, the Kimberley meet, and finally Regionals during the August long-weekend,” she said.last_img read more

IRISH-BRED HAVANNA BELLE KICKS CLEAR TO WIN $75,000 ASTRA STAKES BY 2 ¼ LENGTHS UNDER BLANC; D’AMATO FILLY GETS MARATHON 1 ½ MILES ON TURF IN 2:27.03

first_imgARCADIA, Calif. (Jan. 17, 2016)–Forwardly placed throughout under Brice Blanc, Havanna Belle blew by favored Gaga A a sixteenth of a mile from home and marched to a 2 ¼ length victory in Santa Anita’s $75,000 Astra Stakes on Sunday. Trained by Phil D’Amato, the 4-year-old Irish-bred filly got the marathon distance of a mile and one half on turf in 2:27.03.“I was able to work her last week and I’ve watched videos of her,” said Blanc. “I always thought she looked like maybe she was too far back. When I worked her the other day, she acted like a filly that has a little kick, but not necessarily like a filly that can come from way out of the clouds.“I was able to break from the gate well and she put me right into the race. I was a little worried. She got a little keen the first part but I was able to give her a little breather coming onto the front side and it made all the difference. It was just how I envisioned it in my head.”A troubled eighth in a second condition allowance going one mile on turf here Dec. 30, Havanna Belle was winless in her last four starts. Off at 10-1 in a field of nine older fillies and mares, she paid $22.20, $10.80 and $8.00.“It took her a bit to settle, but I thought that the whole way around Brice had her in the perfect spot tracking,” said D’Amato. “When it was time to make his move he angled her out and got it.”Owned by Michael House, Havanna Belle notched her third win from 14 lifetime starts and with the winner’s share of $47,520, increased her earnings to $111,813.“I’m very happy,” said House in the Winner’s Circle. “This filly has always shown promise but she hasn’t had too many clean trips. Brice put her into the race today and then got her to relax.”Brazilian-bred Energia Fribby, who added blinkers, settled nicely in the early stages and finished well to complete the exacta under Mario Gutierrez. Off at 18-1, she finished a nose in front of fellow longshot Sweet as a Rose and paid $18.60 and $12.80.Ridden by Drayden Van Dyke, Sweet as a Rose rallied from off the pace as well and paid $7.40 to show.Fractions on the race were 23.55, 47.12, 1:12.17, 1:37.28 and 2:02.31.First post time for a nine-race card on Monday is 12:30 p.m. Admission gates open at 10:30 a.m.last_img read more

Ohio Ag Weather and Forecast December 4, 2018

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Clouds are still hanging on very pesky-like today. We won’t even rule out some scattered light precipitation…either sloppy wet snow flakes, ice pellets or a even a sprinkle or two. Coverage will be minor, around 60% maximum. Parts of the state will see breaks in the cloud cover from time to time, but we think we are going to have to push bigger sun totals off a bit longer here. Most of today’s action comes from strong north winds coming down the Great Lakes. Lake effect snows are likely in the typical areas  in northeast Ohio, but we expect clouds and hit and miss moisture still from the lakes as well. Everything tries to move out by tomorrow morning, but may leave a coating to half an inch.Wednesday features mixed clouds and sun, but on Thursday we have another quick moving little disturbance that comes through the state and brings some scattered snow showers into the region. The best snows come from I-70 southward. We can see a coating to an inch or so…but that is it. Potential combined snow totals through sunrise Friday are shown on the map at right.No change for the rest of the week. We continue to see a longer-term dry stretch. We expect to stay precipitation free from Friday through next Thursday. Temps stay below normal through next Tuesday. However, we still see signs of a significant warm up Wednesday through Friday of next week. Strong south winds drive that warm up, which could produce a similar ramp up to what we saw late last week ahead of the strong weekend event (namely fog and a very damp feel…not good drying).In the extended period, we have a few widely scattered showers and a lot of fog for Thursday and Friday, but then moderate rains are back for Sunday the 16th. Half to 1.5” rain potential would come with that event…making it eerily similar to this past weekend. Temps fall off fast behind it.last_img read more