SJM Holdings appoints Toh as new CFO

first_imgThe appointment comes after SJM in November has reported an 89.6% year-on-year drop in net gaming revenue for its third quarter, due to ongoing restrictions on its land-based properties caused by the novel coronavirus (Covid-19) crisis. Toh replaces Robert Earle (McBain), who stepped down from the role on 1 January, but will continue as an advisor to SJM’s Sociedade de Jogos de Macau (SJMSA) subsidiary. Macau casino operator SJM Holdings has announced the appointment of Toh Hup Hock as its new chief financial officer with immediate effect. Prior to this, he was chief financial officer of Shangri-La Asia Limited, and also had a spell as CFO, executive vice president and executive director of Sands China Net gaming revenue for the three months to 30 September totalled HK$879m (£83.3m/€92.4m/US$113.4m), down from HK$8.24bn in 2019. Tags: SJM Holdings Regions: China Macau 7th January 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Toh has been serving as chief operating officer for finance and development of the SJMSA business since October of last year. Subscribe to the iGaming newsletter Topics: Casino & games People Land-based casino People moves “The board wishes to express its appreciation to Mr McBain for his valuable contribution to the company during his tenure of office as chief financial officer and welcomes Mr. Toh to the new appointment,” SJM said. Email Address People moves SJM Holdings appoints Toh as new CFOlast_img read more

Shell and BP shares: time to buy?

first_img Image source: Getty Images. Roland Head owns shares of Royal Dutch Shell B. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. The same has been true when the Shell share price has dropped below 1,500p.I can’t guarantee these FTSE 100 stocks will bounce back again in 2020/21, but I think there’s a good chance they will.11% dividend yields look safe to meAround one-in-three FTSE 100 companies have now suspended their dividends for this year. Some have even cancelled planned payments for 2019.So far, Shell and BP shareholders have been spared. Both companies have announced spending cuts and substantial unused loan facilities. These should provide the liquidity they need to operate normally this year and pay unchanged dividends.Although I can’t rule out the risk of a cut in future years, I think 2020 looks pretty safe. I rate Shell and BP shares as a buy at current levels. Simply click below to discover how you can take advantage of this. See all posts by Roland Head Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Shell and BP shares: time to buy? “This Stock Could Be Like Buying Amazon in 1997” BP (LSE: BP) shares have fallen by around 40% so far this year. Investors in the FTSE 100’s largest company, Royal Dutch Shell (LSE: RDSB), have seen a similar decline.The coronavirus pandemic has triggered an unprecedented slump in demand. This has seen oil prices fall by nearly 60% in 2020. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Right now, investors are scared the economy won’t recover. If you’re thinking about buying Shell and BP shares, you may be worried that these firm’s 11% dividend yields will be cut. I don’t think this is likely. In my view, both companies offer good value at current levels.Record cuts to oil productionBP shares rose briefly before Easter when Saudi Arabia and Russia agreed a record-breaking deal to cut global oil production by 9.7m barrels per day — almost 10%.Alongside this, higher-cost oil producers — such as US shale operators — are expected to be forced into further cuts by low prices. OPEC estimates suggest the total reduction in global oil production could be 15%, or even more.However, oil prices haven’t risen since the cuts were announced. Both the Shell and BP share prices have drifted lower again. This suggests to me traders are worried that even these cuts won’t be enough to offset lower demand.Lockdowns will endIt’s too soon to say how oil supply and demand will change over the next few months. But one thing I think we can be sure of is that the lockdowns currently in place all over the world will eventually end.At some point, I think the advantages of reopening the economy will be greater than the health benefits of keeping it closed.Most Asian countries are now unwinding their lockdowns. Many European countries are also making plans for businesses and schools to reopen. By the end of May, I expect that most other countries — including the UK and the US — will be starting to exit from lockdown.BP and Shell have both announced short-term financial measures which should protect this year’s dividends. These companies routinely plan for many years ahead and have managed many market crashes. I think Shell and BP shares could perform well in a recovery.BP shares have always risen from this levelWe’re not technical analysts here at the Motley Fool. But when the BP share price has fallen below 400p over the last 20 years, it’s always rebounded strongly. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Roland Head | Sunday, 19th April, 2020 | More on: BP RDSB last_img read more

Georgia bishop commits 3 percent of the diocese’s endowment to…

first_img Director of Music Morristown, NJ Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Press Release AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Tags Rector Smithfield, NC Featured Events Submit a Job Listing Press Release Service Bishop Diocesan Springfield, IL Canon for Family Ministry Jackson, MS Rector Collierville, TN Rector and Chaplain Eugene, OR Racial Justice & Reconciliation Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Hopkinsville, KY Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Curate Diocese of Nebraska This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit an Event Listing Rector Knoxville, TN Associate Rector Columbus, GA Posted Nov 19, 2019 Rector/Priest in Charge (PT) Lisbon, ME Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Assistant/Associate Rector Morristown, NJ Featured Jobs & Calls The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Bath, NC Rector Belleville, IL Rector Pittsburgh, PA Family Ministry Coordinator Baton Rouge, LA Rector Martinsville, VA Assistant/Associate Priest Scottsdale, AZ Priest Associate or Director of Adult Ministries Greenville, SC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Course Director Jerusalem, Israel Priest-in-Charge Lebanon, OH Director of Administration & Finance Atlanta, GA Associate Priest for Pastoral Care New York, NY Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Assistant/Associate Rector Washington, DC Rector Albany, NY Rector Shreveport, LA Rector (FT or PT) Indian River, MI Missioner for Disaster Resilience Sacramento, CA New Berrigan Book With Episcopal Roots Cascade Books The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Tampa, FL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Curate (Associate & Priest-in-Charge) Traverse City, MI Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Georgia bishop commits 3 percent of the diocese’s endowment to racial reconciliation, healing Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK Cathedral Dean Boise, ID [Diocese of Georgia] In his final address as bishop to the 198th Convention of the Episcopal Diocese of Georgia, the Rt. Rev. Scott Anson Benhase, 10th bishop of Georgia, announced Nov. 15 he is committing 3% of the diocese’s unrestricted endowment to help form the St. Anna Alexander Center for Racial Reconciliation & Healing.Benhase noted that Virginia Theological Seminary recently committed approximately 1% of its endowment toward racial reparations. Also recently, the Diocese of New York committed 2.5% of its endowment to that goal. In addition, Benhase urged all congregations in the Diocese of Georgia who have endowments to commit their own 3% toward racial reconciliation and healing.“As I wrote to the diocese last week, every person’s life is an unspoken sermon that is constantly preaching to others. That is true not just of individuals. It is also true for the church as a whole and for a diocese in particular. What we do as a diocese speaks volumes,” said Benhase. “What we are beginning is not reparations. No amount of money can do that. What we are doing is committing significant resources to the long, slow work of racial reconciliation and healing.”The Diocese of Georgia has formed a Resource Team for Racial Reconciliation and Healing to work through the new St. Anna Alexander Center. Referencing the text for his address: “The harvest is plentiful, but the laborers are few” – Matthew 9:37,  Benhase said: “Our team leaders are ready and equipped for a very Jesus-like harvest of racial reconciliation and healing.” In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Youth Minister Lorton, VA last_img read more

Nolintha Residence / in situ studio

first_imgArchitects: in situ studio Area Area of this architecture project Save this picture!© Keith Isaacs+ 14Curated by Fernanda Castro Share Photographs City:RaleighCountry:United StatesMore SpecsLess SpecsSave this picture!© Keith IsaacsRecommended ProductsLightsVibiaCeiling Lights – BIGDoorsVitrocsaGlass Technology in Hotel BeaulacDoorsVEKADoors – VEKAMOTION 82DoorsAir-LuxPivoting DoorText description provided by the architects. The Nolintha Residence is a renovation and small addition to an historic, 1920s four-square house in downtown Raleigh. Our clients, who are brother and sister, are successful restaurateurs. They wanted a house with separate bedroom spaces, shared living spaces, and that could accommodate large events. The Raleigh Historic District Commission (RHDC) required that the exterior front of the house remain largely unchanged and that the rear addition be simple enough to not distract from the historic structure. The interior, however, was completely reformed and is now washed with light, a stark contrast to the heavy historic façade.Save this picture!© Keith IsaacsThis house is our clients’ first home, and the program they presented was unusual – the renovation of a decaying, historic four-square to accommodate food-related events and provide three separate living suites. RHDC controlled the refurbishment of the existing front and side façades. The rear of the house, where a small addition was made to the upper floor and a poorly-built, non-historic addition was remade, is very simple, contrasting the historic portions of the house. Inside, the only elements remaining downstairs are the central and west wall fireplace masses, which would have been too destructive to the integrity of the structure to dismantle. The west wall fireplace is an artifact exposed between dining and living spaces, and the few storage and support elements downstairs wrap around and hide the central fireplace mass. A new stair slides up the east wall, passing in front of old windows to a hall between three bedroom suites – one guest and one for each sibling. These spaces are completely separate from one another, filled with light, and oriented towards beautiful views of the surrounding context and downtown Raleigh.Save this picture!© Keith IsaacsSave this picture!SectionSave this picture!© Keith IsaacsThe existing house was in shambles. The brick mortar had turned to powder in many locations and most exterior trim was rotten.  Water, freely admitted into the brick veneer cavity through open mortar joints, was rotting the walls. The foundation and full basement were miraculously intact and dry, but the edge band and adjacent floor joists had been destroyed by water and insects. The house had been rented as three separate tenant spaces for years, with shared bathrooms and an overworked kitchen. The subdivision of space to make this possible was haphazard to say the least, and several suspect changes to load bearing conditions had caused roof, ceiling, and floor spans to rely on one another in eccentric ways. Plumbing, mechanical, and electrical systems needed to be replaced. The renovation of the house involved dismantling much of the interior framing, installing new structural members from the roof down to existing foundations and in areas of over-spanning, and repair of the brick veneer and rotten exterior trim. New systems were located in the basement, which was cleaned out and reserved for storage.  The finished house, once on the verge of being unrecoverable, now has another fifty years of service ahead.Save this picture!Plan beforeSave this picture!Plan afterProject gallerySee allShow lessMicrosoft Envisioning Center / Studio O+ASelected ProjectsFoster + Partners’ MOL Tower Will Rise Despite Budapest’s New Skyscraper BanArchitecture News Share Nolintha Residence / in situ studio Nolintha Residence / in situ studioSave this projectSaveNolintha Residence / in situ studio CopyAbout this officein situ studioOfficeFollowProductsWoodBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationRaleighUnited StatesPublished on August 20, 2018Cite: “Nolintha Residence / in situ studio” 20 Aug 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSun Control Window Film in MarkthalSinkshansgroheBasin FaucetsPaintSTAC BONDComposite Panel Finishes – MetallicsConcreteKrytonConcrete Hardening – Hard-CemSkylightsLAMILUXGlass Skylight FE PassivhausLightsLouis PoulsenOutdoor Lighting – Flindt GardenWindowsVEKAWindows – SOFTLINE 70 ADUrban ShadingPunto DesignPavilion – CUBEDoorsLinvisibileLinvisibile FILO 10 Hinged Door | AlbaWoodHESS TIMBERTimber – GLT BlockGreen FacadesSempergreenLiving Wall – SemperGreenwallMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDaily “COPY” Builder: United States 2017 Projects Houses Year:  Area:  2447 ft² Year Completion year of this architecture project Manufacturers: VELUX Commercial, Cosmos, Dopko Cabinetry, Jeld-Wen, White Oak Structural Engineer: ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs:  Keith Isaacs Manufacturers Brands with products used in this architecture project Lead Architects: CopyHouses, Renovation•Raleigh, United States in situ studio “COPY” ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Southeastern Properties and Development Company Lysaght & Associateslast_img read more

From for-profit to non-profit

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 2 April 2001 | News From for-profit to non-profit Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.  11 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis What is it like to move from the for-profit world to the non-profit world? SocietyGuardian currently features two individuals who have done just that. What is it like to move from the for-profit world to the non-profit world? SocietyGuardian currently features two individuals who have done just that. Read Tragic tycoon seeks solace with Aids victims by John Arlidge, the story of Stagecoach boss Ann Gloag. Read Why I dumped the City job with the six-figure salary by Bruce Robinson. read more

At the U.N. General Assembly, world says ‘No!’ to the blockade of Cuba

first_imgThe world said “No!” on Nov. 1 to the U.S. economic, financial and commercial blockade of Cuba. In the United Nations General Assembly, the final tally was 189 to 2 approving a resolution introduced by Cuba that denounces the unilateral, extraterritorial stranglehold imposed by the U.S. on its Caribbean neighbor. In this 27th U.N. vote on such a resolution, only the U.S. and Israel voted against it.The Assembly also soundly condemned heightened U.S. aggressiveness toward socialist Cuba by overwhelmingly rejecting eight U.S. amendments to Cuba’s resolution. These amendments were the latest U.S. attempt to negate Cuba’s internationally recognized contribution to, and example of, human rights and human development.Cuba’s Foreign Minister Bruno Rodriguez Parrilla introduced his country’s resolution by documenting four examples of Cuban children who could not get the optimum medication they needed because of the U.S. blockade.Although these children did survive, Rodriguez Parilla reported, “In 2017, 224 people per 100,000 inhabitants died in Cuba without these treatments due to the blockade.” He added, “In the last year, more than 30 U.S. companies, such as Agilent, Cook Medical and Thermo Fisher Scientific, refused to sell Medicuba medicines, supplies and equipment essential to our health system or did not respond to repeated requests.”Rodriguez Parilla pointed out the blockade qualifies as an act of genocide under the 1948 Convention on the Prevention and Punishment of the Crime of Genocide. These facts may be a surprise to U.S. travelers enjoying direct flights from U.S. airports to many Cuban destinations on numerous airlines. But the blockade is real for Cubans who experience the human damage and suffering behind the headlines.In Rodriguez Parilla’s stressed in his remarks to the Assembly: “The objective of the blockade, anchored in the Cold War, has not changed over time.“The infamous classified memo of Deputy Secretary of State Lester Mallory of April 6, 1960, guides the policy of the current U.S. government toward Cuba when [Mallory] writes: ‘There is no effective political opposition [to Fidel Castro and the Cuban government]. The only foreseeable means of alienating internal support is through disenchantment and disaffection based on economic dissatisfaction and hardship. … [Every] possible means to should be undertaken to weaken the economic life of Cuba … [by] denying Cuba money and supplies.’ ” ( rights? Look at the recordA linchpin of the aggressive U.S. turn is to falsely accuse Cuba of human rights violations. Remember that in the U.S., profiteering corporations are afforded the same rights as humans!Cuba’s internal and international record for human development is well known, as it leads the region in education and health outcomes. Cuba has lower infant mortality and fewer maternal deaths than the U.S.; the latter is actually increasing, particularly among Black women.Cuba’s Latin American School of Medicine produces new doctors who return to their homelands to practice. Cuba’s Yo Si Puedo literacy program teaches people around the world to read and write, liberating them to learn and decide their own futures.Rodriguez Parrilla said, “The government of the United States does not have the slightest moral authority to criticize Cuba or anyone else in the field of human rights. We reject the repeated manipulation of human rights for political ends, and the double standards that characterize it.“The United States is party to only 30 percent of human rights instruments and does not recognize the right to life, nor to peace, nor to development, nor to security, nor to food, nor does it recognize the rights of children. No one can be surprised that you have left the [U.N.] Human Rights Council,” he said, addressing the U.S. Ambassador to the U.N.Rodriguez Parrilla cited historic U.S. crimes like the only use of nuclear weapons against civilian populations, the militarization of cyberspace and outer space, the establishment of military dictatorships and the engineering of bloody coups d’etat in other countries, leading to countless deaths and waves of refugees. He pointed out the extrajudicial executions, kidnapping and torture in the prison at the U.S. Naval Station Guantanamo Bay, which illegally occupies Cuban territory.He extensively described U.S. human rights violations against the people of the U.S., “especially African-Americans and Hispanics, minorities, refugees and migrants. … Equal opportunity in the United States is a chimera. The government that you are part of is a government of millionaires that imposes savage policies.” (The full statement in Spanish is at aggression aims at Latin AmericaOn the same day as the U.N. vote, U.S. National Security Advisor John Bolton further ramped up aggression against Cuba, Venezuela and Nicaragua, characterizing them as the “troika of tyranny.” Simultaneously, he welcomed the Oct. 28 election of Brazil’s next president who is the racist, homophobic, anti-woman, anti-worker Jair Bolsonaro. Bolton called Bolsonaro a “like-minded” partner. ( has a long reactionary history. He was a senior Justice Department official in meetings that managed the Iran-Contra scandal in 1986 by funding the illegal U.S. war against the Sandinistas in Nicaragua. ( As U.S. Under-Secretary of State for Arms Control in the George W. Bush administration, Bolton helped mount a disastrously destructive U.S. war by falsely claiming that Iraq maintained weapons of mass destruction. ( During the same period, Bolton falsely accused Cuba of developing a biological weapons threat to the U.S. ( Currently, Bolton also supports aggression against Iran and the Democratic People’s Republic of Korea. ( U.S. blockade!Demonstrations against the U.S. blockade were held in four U.S. cities: Chicago, Minneapolis, New York and Washington, D.C. Internationally activists used Twitter to voice support for Cuba’s U.N. resolution.Nine U.S. cities have issued resolutions supporting an end to the blockade: Richmond, Va.; Berkeley, Oakland and Sacramento, Calif.; Helena, Mont.; Brookline, Mass.; Hartford, Conn.; Minneapolis, Minn. and Pittsburgh, Penn.On Oct. 31, the day the debate began in the U.N. General Assembly, Cuban television featured a live TV broadcast from the José Antonio Echeverría University of Technology. According to Granma International, the university was headquarters for a nationwide beehive of activities at universities and secondary schools denouncing the U.S. blockade. The broadcast could also be viewed on Facebook, along with live Cuban reporting from the United Nations.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Freddie Mac: Finding Solutions to ‘Areas of Concentrated Poverty’

first_img Related Articles Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily December 23, 2019 2,150 Views Home / Daily Dose / Freddie Mac: Finding Solutions to ‘Areas of Concentrated Poverty’ Freddie Mac: Finding Solutions to ‘Areas of Concentrated Poverty’ Previous: Digitizing Mortgage Processes Next: Fed Mortgage-Backed Securities Update: To Sell or Not? Freddie Mac mixed income 2019-12-23 Mike Albanese Tagged with: Freddie Mac mixed income Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and, MReport and She holds degrees in journalism and art from the University of Georgia. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Krista F. Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago More than 19% of Americans—more than 61 million people—live in so-called “areas of concentrated poverty,” which are defined by “persistently high poverty levels, low economic opportunity and high housing costs relative to income,” according to Freddie Mac. This is significant because living in and growing up in poverty can have long-term impacts spanning from lower-quality education to lower quality health. Freddie Mac suggests one solution for bringing economic mobility to areas of concentrated poverty is mixed-income housing, and the GSE has helped finance such developments. In a recent white paper, Freddie Mac explored the idea of mixed-income housing, highlighting a few successes as well as pointing out a few obstacles that could prevent these developments from succeeding in all “areas of concentrated poverty.”“The development and transformation of an area of concentrated poverty can help revitalize the local economy by growing the tax base, leading to increased public investment and increased economic opportunity over time,” said Steve Guggenmos, VP of Multifamily Research and Modeling, Freddie Mac. “As these areas grow and develop, mixed-income and social impact housing are instrumental in encouraging residential economic diversity and preventing the displacement of long-time residents.”Mixed-income housing properties offer units at market rate and other units below-market rate for lower-income tenants. Most often, the balance is 80/20, with 80% of units going at market rate and 20% reserved for low-income residents and available at a restricted rent level.Freddie Mac noted that, “Ultimately, the optimal percentages of restricted and unrestricted units are dependent upon market conditions.” However, tipping the scales too far will prevent a property from being “economically feasible,” forcing rents on unrestricted units above market rate or potentially requiring more public subsidy than is available. Public subsidies are often relied on in mixed-income housing. However, “socially conscious” private equity firms can also help with funding. One such firm, Turner Impact Capital, made the Regency Pointe mixed-income housing in the Washington D.C. metro area possible without a need for public subsidy, according to Freddie Mac. Mixed-income housing can help improve affordable housing conditions for low-income residents, provide amenities for those residents, and help bolster an area’s economy, they come with limitations. While speaking of the success of its mixed-income development investments, Freddie Mac also admitted, “fostering residential economic diversity and increasing access to opportunity for low-income residents through the development of mixed-income housing is ACPs is not an easy task.” For a mixed-income development to be viable, the high-poverty area must also be attractive to higher earners, which means it should be in close proximity to a booming job market or perhaps be an area in the midst of revitalization, which is the case with several of the developments Freddie Mac has backed.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

VIDEO: USCG Saves Two Kayakers

first_img View post tag: Saves View post tag: USCG The U.S. Coast Guard and Ocean Safety rescued two kayakers trapped on Molokini Crater Monday.Watchstanders at the Coast Guard Sector Honolulu Command Center received notification at 3:20 p.m. from Maui Fire Department of two kayakers who were beset by weather and were forced onto the rocks on Molokini Crater. After climbing to safety, the kayakers called 911 for assistance.A 45-foot Response Boat-Medium crew from Coast Guard Station Maui and a jet ski from Ocean Safety responded.At 3:46 p.m., the jet ski arrived on the scene and ferried the kayakers from the rock to the awaiting RB-M.The kayakers were safely brought aboard the RB-M and transported to Station Maui at 4:15 p.m.No injuries were reported and both kayakers were wearing lifejackets.On-scene conditions were 29 miles per hour winds and three foot seas. Visibility was eight to ten miles.[mappress mapid=”14552″]Press Release; Image: USCG View post tag: Kayakers VIDEO: USCG Saves Two Kayakers Back to overview,Home naval-today VIDEO: USCG Saves Two Kayakers View post tag: two November 26, 2014 View post tag: News by topic View post tag: Video Share this articlelast_img read more

Video: Houthi fighters hit UAE Navy vessel with missile fire

first_img Yemen’s Houthi fighters claim they have hit and sunk UAE Navy vessel HSV Swift by a modified C802 cruise missile in the Bab al-Mandab strait off Yemen’s coast.The UAE military on Saturday confirmed that one of its vessels was involved in an ‘incident’ and added that none of the crew had been hurt. It did not say whether the vessel sank or not.“The coalition rescued civilians from a vessel targeted by Houthi militias, that was transferring medical aid to the city of Aden and evacuating wounded civilians for treatment,” Reuters reported the coalition saying in a statement on Saudi state news agency SPA.Yemen’s Houthi fighters claimed on their website that the vessel ‘had been completely destroyed’, Al Jazeera reported.The UAE is a member of the coalition fighting the Houthi rebels in YemenThe vessel hit by missile fire is the hybrid catamaran HSV-2 Swift, privately owned and operated by Sealift Inc. and originally leased by the United States Navy Military Sealift Command. According to IHS Jane’s, the former U.S. Navy vessel was later operated by United Arab Emirates’ National Marine Dredging Company.The video below supposedly shows the moment when the cruise missile is fired and hits the vessel. Share this article Authorities Back to overview,Home naval-today Video: Yemen’s Houthi fighters hit UAE Navy vessel with missile fire October 2, 2016 View post tag: Yemencenter_img Video: Yemen’s Houthi fighters hit UAE Navy vessel with missile fire View post tag: Houthi View post tag: UAE Navy View post tag: HSV Swiftlast_img read more

BREAKING: University reports 208 cases this week

first_imgHowever, speaking to the Oxford Blue, a spokesperson for Oxford City Council stressed that “it was not the COVID situation in the city that led to the collective decision to seek Tier 2 status across Oxfordshire. It was the rise in cases across neighbouring districts and among non-student demographics that was of particular concern.” The University’s testing service has confirmed 208 cases of COVID-19 among students and staff for the week 17th-23rd October, with a positivity rate of 24.5%. This is a slight increase from last week’s 197 cases and brings the total number of cases since the implementation of the testing service on August 20th to 496. On Saturday, The Oxford Student reported that St. John’s College had paused all in-person teaching for the next fortnight. An email sent from catering staff confirmed that as many as 150 students were receiving meals in isolation. Councils across Oxfordshire have urged the UK Government to move the county into Tier 2 COVID-19 restrictions. In a statement, leader of Oxfordshire County Council Ian Hudspeth said: “In light of the escalating situation across the county, we are pushing hard for Oxfordshire to be moved to a high alert level. This would be a preventative measure to stem the spread of the virus and protect the county’s most vulnerable residents.” The University’s Status and Response website states that the figures released do not include positive test results received outside of the University testing service. It notes further that “due to the time interval between a test being done and the result becoming available, it is expected that there will be a mismatch between actual results and those confirmed to us on any given day”.center_img The University has implemented a four-stage emergency response, depending on how wide the spread of COVID-19 is. The current status is Stage 2, which allows the University to operate “in line with social distancing restrictions with as full a student cohort as possible on site”, with teaching and assessment taking place “with the optimum combination of in-person teaching and online learning”. A Stage 3 response would imply “no public access to the University or College buildings” and “gatherings for staff and students only permitted where essential for teaching and assessment to take place”. In a press release on Thursday, Oxfordshire County Council’s Director for Public Health Ansaf Azhar urged the public to “limit their social interactions” and reminded residents that “with half-term approaching, as well as events such as Halloween, Bonfire Night and Diwali coming up, it’s very easy to get caught up in the excitement of meeting up and celebrating with friends and family. But we mustn’t forget about COVID. We need to do everything we can to keep our families and communities safe and stop the spread.” The new rise in cases follows a number of outbreaks at individual colleges, as well as matriculation day last Saturday, where crowds of students were gathered around the Rad Cam. The Oxford Mail reported “anger” from fellow students, staff, and residents about large numbers of students drinking and partying in the streets. last_img read more