The investment banking arm was responsible for around 87 per cent of Barclay’s total earnings last year, with Bob Diamond’s team raking in a £3.4bn quarterly pre-tax profit. However, certain measures of BarCap revenue were down 38 per cent in the last three months, prompting drastic action from the group. Further, the wage bill for the group reached £5bn in the year, gaining £1bn in the last year that was mostly spent within BarCap as it expanded. Diamond said after the company’s results announcement last week that BarCap’s total headcount will end up higher by the end of 2010. BarCap declined to comment on the redundancies last night. whatsapp whatsapp BarCap to cut hundreds of jobs in an effort to cut costs Share Show Comments ▼ Tuesday 10 August 2010 9:00 pm KCS-content BARCLAYS Capital is expected to announce hundreds of redundancies as early as today, affecting back office staff across the firm’s global operations. It is understood the layoffs are intended to cut costs to compensate for a sharp fall in market activity in the second quarter. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULL
2020 “COPY” Rühlstrasse House / Alex Lehnerer Architekten Germany ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/948274/ruhlstrasse-house-alex-lehnerer-architekten Clipboard Rühlstrasse House / Alex Lehnerer ArchitektenSave this projectSaveRühlstrasse House / Alex Lehnerer Architekten Save this picture!© Tobias Wootton+ 27Curated by Paula Pintos Share ArchDaily “COPY” Photographs: Tobias WoottonSave this picture!© Tobias WoottonRecommended ProductsFiber Cements / CementsApavisaTiles – Nanofusion 7.0WoodHESS TIMBERTimber – GLT HybridWoodParklex International S.L.Wood cladding – FacadeMetallicsStudcoWall Stop Ends – EzyCapSave this picture!Ground floor planSave this picture!© Tobias WoottonText description provided by the architects. The house at the edge of the forest is located in a typical 1960s German bungalow settlement. All on one floor, with large, partly inhabited roofs. Before, there was also a bungalow of the family’s grandmother, with a hipped roof and low eaves, which was always present both inside and out.Save this picture!© Tobias WoottonThe hipped roof originates from this local idea. With the eaves as the horizon in front of the vertical forest. Inside it was to be a counter-design to the zoned living concept of the grandparents, with its former separation into representative and private areas.Save this picture!© Tobias WoottonTherefore, the three children’s rooms stand around the living area like on a campground. The parents live upstairs. The open ground floor is surrounded by the children.Save this picture!© Tobias WoottonSliding doors lead from each room to the outside, and virtually every element of the floor plan can be walked around. Construction is in in-situ concrete, on which the roof wave floats. The slightly inclined stairs form the central, concentrated moment of the house. With the 15m long joist at the front, it supports the upper floor. Save this picture!© Tobias WoottonProject gallerySee allShow lessHeatherwick Proposes New and Improved Waterfront Experience for San FranciscoArchitecture NewsZaha Hadid Designs 2 Murray Road, Replacing a Multi-Story Car Park in Hong KongArchitecture News Share Year: Photographs Projects Area: 330 m² Year Completion year of this architecture project Architects: Alex Lehnerer Architekten Area Area of this architecture project Houses CopyAbout this officeAlex Lehnerer ArchitektenOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn InstagramOn FacebookGermanyPublished on September 24, 2020Cite: “Rühlstrasse House / Alex Lehnerer Architekten” 24 Sep 2020. ArchDaily. Accessed 10 Jun 2021.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 25 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The 190th birthday of the Sailors’ Society was commemorated recently with a well-attended celebratory service, held at All Hallows by the Tower, the oldest church in the City of London. Guest preacher at the service was the Rt. Rev Richard Chartres, Bishop of London, who is also a Vice President of the Society.The Southampton-based international charity held the London service to celebrate this landmark anniversary with its many friends and supporters from the City of London. In addition to this, a local service took place earlier this year in Southampton on the Society’s foundation date, March 18th.During the service, the Society’s CEO, Robert Adams gave a brief history of the charity and its work in supporting seafarers in the UK and across the globe.There has been an affiliation between the Bishop of London and the Sailors’ Society since the charity’s inception in 1818. At this point in history a licence was required from the Bishop of London before the Society could begin its work in the Port of London. The Bishop granted the Society its licence, and as a result, its ministry benefits thousands of seafarers in London. Since then, every succeeding Bishop of London has been a Vice President of the Society, and although a licence is no longer needed, the relationship with the Bishop has been maintained.Reverend David Potterton, the Principal Chaplain of the Sailors’ Society, explained: “The focus of the service was on publicly thanking God for the past 190 years, and reflecting on the work of the charity since its foundation. The Bishop’s sermon was very thought-provoking and perfect for the occasion, which was attended by over 100 people.”All Hallows by the Tower will also be hosting the Sailors’ Society Carol Service on Wednesday 17 December at 12.30hrs. The Service of lessons and carols will last approximately one hour and members of the public are warmly invited to attend. Please feel free to contact Ann Brogan on 02380 515 967 for further information. Confirmation of attendance would be helpful. Howard Lake | 1 December 2008 | News Newswire 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 GoodJobs.org.uk. Researching massive growth in giving. Bishop of London preaches at the Sailors’ Society Birthday Celebration Service Tagged with: Events
Howard Lake | 6 March 2009 | News Tagged with: Comic Relief Individual giving Telephone fundraising Oxford-based telephone fundraising agency The Phone Room will be one of the official donation centres for this year’s Comic Relief campaign.Over 100 staff will be volunteering their time to staff 65 lines as Red Nose Day culminates in the evening of comedy and documentary films on BBC One.Call centres are at the heart of donations to Comic Relief. Over half of the £40 million raised for Red Nose Day 2007 came from telephone donations.Rebekah Sammut, Managing Director at The Phone Room said: “I am very pleased that Comic Relief has selected The Phone Room to be one of their official call centres. We hope to make this a really fun night for all our volunteers whilst raising money for a great cause.”The Phone Room will also be holding its own Red Nose Day events to raise funds during the day.www.phoneroom.co.uk 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 GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement 67 total views, 1 views today 68 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Phone Room to handle Comic Relief donations
Wheat ZWN21 (JUL 21) 680.75 -3.00 The Indiana State Fair has announced its theme for 2018 theme. They invite you to STEP RIGHT UP! to The Greatest 17 Days of Summer, August 3-19. For the first time the Indiana State Fair, the greatest showcase of agriculture and entertainment, is bringing fairgoers a world-class circus featuring acrobats, clowns, trapeze artists and more! The new Big Top Circus presented by Bee Window is FREE with paid State Fair admission.The Big Top Circus will perform three shows daily, with seating limited to the first 1,600 people per show. This unique, family-friendly experience will be presented in a single-ring and will not include any exotic animals. The Indiana State Fair is committed to providing world-class entertainment in a safe and welcoming environment.“Indiana has a rich Circus heritage, so we are thrilled to offer our own Big Top Circus and add even more value and authentic moments to the State Fair experience,” said Cindy Hoye, executive director, Indiana State Fairgrounds & Event Center. “The Indiana State Fair is the greatest showcase of agriculture and entertainment, and I can’t tell you how excited we are to add a Circus into that mix.”The Big Top Circus presented by Bee Window has been programmed specifically for the Indiana State Fair and features world-class performers such as Bello Nock. Often known simply as “Bello”, he is referred to as the “World’s Greatest Comic Daredevil” and has been featured in the Guinness Book of World Records for a high wire walk over a cruise ship. He has performed several stunts in New York City, including rappelling off Madison Square Garden and hanging from a helicopter over the Statue of Liberty. Bello performs without traditional clown makeup, with a signature look that revolves around his foot-tall strawberry blond hair. He has been included on Time Magazine’s list of America’s Best Artists and Entertainers.In addition to the Circus, fairgoers will enjoy many other enhancements at this year’s fair including “Animal Town,” an interactive learning experience that showcases a variety of animals including cows, pigs, sheep, goats, horses, llamas, rabbits and chickens, on display all 17 days of the Fair. Feeder Cattle GFQ21 (AUG 21) 151.18 2.78 By Hoosier Ag Today – Apr 18, 2018 Name Sym Last Change ‘Step Right Up!’ at 2018 Indiana State Fair SHARE Minor Changes in June WASDE Report Battle Resistance With the Soy Checkoff ‘Take Action’ Program How Indiana Crops are Faring Versus Other States SHARE STAY CONNECTED5,545FansLike3,961FollowersFollow187SubscribersSubscribe Live Cattle LEM21 (JUN 21) 118.70 1.13 Home Indiana Agriculture News ‘Step Right Up!’ at 2018 Indiana State Fair Soybean ZSN21 (JUL 21) 1508.50 -35.50 Facebook Twitter Lean Hogs HEM21 (JUN 21) 122.68 0.22 All quotes are delayed snapshots Previous articleClosing CommentsNext articleRyan Martin’s Indiana Ag Forecast for April 19, 2018 Hoosier Ag Today RELATED ARTICLESMORE FROM AUTHOR Corn ZCN21 (JUL 21) 684.50 -14.50 Facebook Twitter
Previous articleLimerick Post Show | Expo 2020 Flag DisplayNext articleLimerick GAA TV launch online season ticket Cian Reinhardthttp://www.limerickpost.ieJournalist & Digital Media Coordinator. Covering human interest and social issues as well as creating digital content to accompany news stories. [email protected] Email Print WhatsApp Linkedin Twitter NewsPoliticsLabour councillor calls for July Stimulus to ‘put money in pockets’By Cian Reinhardt – July 22, 2020 84 Advertisement Facebook Conor Sheehan, Limerick City North CandidatePicture Brendan GleesonWITH Government set to announce the July Stimulus package this Thursday, July 23, a Limerick Labour councillor has called for the government to “put money in the pockets of low-income households”Speaking about Labour’s five tests for the Government’s July Stimulus due on Thursday, the Limerick City North representative called for the Government to put money in the pockets of low-income households, saying they know the money will be spent locally, boosting shop, business and local towns and villages.Sign up for the weekly Limerick Post newsletter Sign Up Cllr Sheehan said Labour’s five tests will determine if the Government “is serious about changing our economy for the better following COVID-19” or not.“We know the huge impact it has had here, with so many people out of work or just barely keeping things going,” he said, “If we don’t act now to save jobs, the unemployment caused by COVID-19 will increase poverty and hardship, and the Government must take strong action to reverse this. It’s now or never. We can’t afford to get this wrong.”Labour has called for a further €10 per week to be added to “all core social welfare payments” in the stimulus.He said, “These payments have fallen behind the cost of living and now is the time to close that gap. There was no increase in social welfare payments in last year’s budget and targeting the funds in this way ensures it will be spent in the local economy.”The Labour councillor believes those who rely on social welfare payments are “most likely to spend their money on essential goods and services locally” and “we need people to spend locally to support businesses that are on the edge due to COVID-19”.Cllr Sheehan has also called for an investment package for local schools to ensure a safe reopening in September.Sheehan said, “Labour has also called for investment in public services like schools, health centres and public transport, which are essential to reduce inequality and to provide everyone with a decent standard of living. “The Government could and should use the July stimulus to allocate funding to Shannon Heritage to keep King Johns Castle and Bunratty open past August 31 and save these important local jobs in the tourism industry.”Labour’s Five Tests for Government’s July Stimulus plan are:The stimulus must be big enough to counteract the negative impact of COVID-19 and Brexit on jobs, businesses and household finances.The stimulus must be directed at the creation of good quality jobs, especially for younger workers.The goal must be to create a new economic model, based on lifelong learning, caring and sustainability.Stimulus measures must reduce economic inequality.The stimulus must strengthen public services, including a single-tier public health system, a safe return to school in September and major investment in public housing.
TAGS WASHINGTON (AP) — President Joe Biden warned Friday of a steep and growing “cost of inaction” on his $1.9 trillion COVID relief plan as the White House searched for “creative” ways to win public support for a package that is getting a cold shoulder from Senate Republicans. In the age of COVID, it’s not as simple as jumping on a plane to travel the country and try to gin up a groundswell. And at a time of deep polarization, Biden may struggle to convince Republican voters of the urgency when Congress already has approved $4 trillion in aid, including $900 billion last month. Biden signaled on Friday for the first time that he’s willing to move ahead without Republicans. “I support passing COVID relief with support from Republicans if we can get it,” he told reporters. “But the COVID relief has to pass. No ifs, ands or buts.” His message so far has been that a fresh $1.9 trillion in aid would be a bargain compared to the potential damage to the world’s largest economy if it doesn’t pass. An aggressive push for vaccinations and generous aid to individuals would help put parents back to work and let children return to school and improve their lifetime earnings, Biden said at a Friday meeting with Treasury Secretary Janet Yellen. They met in the Oval Office, where the fireplace was lit to protect against the chill in Washington. “We have learned from past crises that the risk is not doing too much,” he said. “The risk is not doing enough.” Only a week into his presidency, Biden is confronting the challenge of selling his first major piece of legislation to a country he has pledged to unite. Private calls with Republican lawmakers have yet to produce any progress on reaching a deal, while Senate Democrats are now preparing to pass the measure strictly on partisan lines as soon as next week. Some Biden allies have expressed frustration that the administration has not more clearly defined what the massive legislation would actually accomplish. The new president instead has largely focused his first nine days in office on signing executive orders rolling back his predecessor’s policies. In particular, Biden, for whom the widespread distribution of coronavirus vaccines will be a defining test, has not explained what the increased money for testing and vaccination would achieve — including how much quicker the White House believes it would help bring about an end to the pandemic. Biden’s outreach to senators has largely brought criticism that the plan should be more targeted and that the country can afford to wait to see the effects of the stimulus dollars that were approved in December. Republican lawmakers see a need for speeding vaccinations, but one Senate aide said their offices are not being bombarded with calls for an additional aid package. Constituents are more focused on the looming impeachment trial, said the aide, who spoke on the condition of anonymity to discuss private conversations. This has left the Biden team trying to expand its outreach beyond Capitol Hill. White House press secretary Jen Psaki said Biden recognizes the importance of speaking directly to the American people about his plan for vaccinations and supporting the economy, but the pandemic has limited his ability to safely travel to drum up support. The administration is relying on TV interviews by White House officials and allies with local media and national shows like “The View,” as well as calls with governors, local officials and progressive and civic groups. “We’re taking a number of creative steps, a little outside of the box,” Psaki said. “Certainly, his preference would be to get on a plane and fly around the country.” Part of the challenge is that Biden must convince the public how different components of his proposal would work together. His plan allots $400 billion to spearhead a national vaccination program and the reopening of schools. It also includes $1,400 in direct payments to individuals, which critics say should be more targeted. And it includes a raise in the the minimum wage to $15 and aid for state and local governments, a nonstarter for most Republicans. Many Republicans are under more political pressure from donors and activists back home to rein in spending than to approve more. Some Republicans particularly object to what are still seen by many as bailouts for cash-strapped state and local governments. Some do support a deal, just not what Biden is offering. Sen. Rob Portman, R-Ohio, a member of a bipartisan group of legislators contacted by the administration, said he supports funds for vaccine distribution and even potentially extra jobless benefits, but he wants a full accounting of what funding remains from previous aid packages. “Unemployment insurance, they think it’s an emergency, well we have unemployment insurance in place until mid March. Where’s the emergency?” Portman said. “Am I against extending it, no I’m not. I think we should, based on some economic factors. But it just doesn’t make sense.” Recent economic reports show the economy is still under severe strain, yet there is also the potential for the strongest growth in more than two decades once the coronavirus is contained. The Commerce Department said Thursday the U.S. economy shrank 3.5% last year, and on Friday it reported that consumer spending — the main driver of growth — had slumped 0.2% in December. But the consumer spending report also suggested that the expanded unemployment benefits from the $900 billion aid package passed that same month had managed to boost incomes. Gregory Daco, an economist at Oxford Economics, said, “The COVID relief bill of December essentially addressed the past, the dwindling aid at the end of 2020,” Now the administration must sell the public on what lies ahead. He said, “The American Rescue Plan — it’s a plan geared toward the future, bridging the gap between January and September, when people will be able to spend more freely.” Previous articleTakeda Completes Sale of Select OTC and Non-Core Assets to Hypera PharmaNext articleA city’s problematic vaccine rollout raises larger questions Digital AIM Web Support Facebook Local NewsBusinessUS News By Digital AIM Web Support – January 29, 2021 Pinterest WhatsApp Twitter Pinterest Facebook WhatsApp Twitter Biden warns of growing cost of delay on $1.9T econ aid plan
Pinterest Twitter By Digital AIM Web Support – March 4, 2021 Twitter Worldwide Blockchain Supply Chain Industry to 2026 – Retail & Consumer Goods to Dominate the Market – ResearchAndMarkets.com Pinterest WhatsApp Local News Facebook TAGS WhatsApp DUBLIN–(BUSINESS WIRE)–Feb 8, 2021– The “Blockchain Supply Chain Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The Blockchain Supply Chain Market is expected to grow at a CAGR of 81.7% over the forecast period 2021 to 2026. A growing requirement for supply chain transparency and surging demand for heightened security of supply chain transactions are significant growth factors for the market. Increased automation and removal of intermediaries with blockchain in supply chain management would generate possibilities for market growth. Companies MentionedIBM CorporationOracle CorporationMicrosoft CorporationSAP SEAmazon Web Services Inc.Huawei Technologies Co., Ltd.TIBCO Software Inc.Auxesis GroupGuardtime Inc.BTL GroupBitfury Group Limited.Omnichain Inc.VeChain FoundationAccenture PLCDigital Treasury Corporation Key Market Trends Retail & Consumer Goods to Dominate the MarketThe retail industry controlled the blockchain supply chain market share and is supposed to remain dominant due to a surge in adoption by retail players to streamline their supply chain processes. Moreover, blockchain assures quality, product safety, reliability, and authenticity, along with enabling supply chain partners to know about their product location. These determinants drive market growth for blockchain in the retail industry.Counterfeit sneakers make up about 40% of the estimated USD 600 billion global fake fashion industry. The traditional methods manufacturers have used to assure authenticities, such as seals and certificates, can themselves be counterfeited. But retailers are beginning to implement blockchain technology to solve the counterfeiting problem.An increase in demand for transparent transactions and smart contracts is the key factor driving the market growth for blockchain in the retail industry. Smart Contracts can help in automating payment process for online as well as offline transactions. It can save time and cost for companies by removing the merchant (middleman), who charges extra for authenticating the transaction.The retail industry, owing to the rise in adoption by retail players to streamline their supply chain processes, is anticipated to dominated the blockchain supply chain market. For instance, in a survey by Eyefortransport Ltd. (left), the most significant share of spending was directed towards understanding the technology with 38.2% of retailers, brands & manufacturers, and 55.3% of logistics service providers stating that they spent money on blockchain in the supply chain area. North America to Drive the MarketNorth America is recognized as the most advanced region in terms of technology appropriation and infrastructure. The broad behavior of principal industry players of blockchain technology solutions in this region is the primary driving determinant. Organizations across industry verticals, such as manufacturing, healthcare, retail and consumer goods, and logistics, provide essential growth opportunities for vendors.North America commanded the global market and is anticipated to remain aggressive during the blockchain in the retail market forecast period due to the presence of major market players and on-going developments in blockchain technology. The growth in data security concerns amongst retailers is also the principal factor that is supposed to feed the market growth in this area in the coming years.For instance, the U.S. government agencies ranging from the Army to the IRS see more than 70 breach incidents a day, according to the Government Accountability Office. Retailers in the region spend millions of dollars a year on data security, establishing extensive firewalls, hiring world-class cybersecurity experts, and taking other steps.Moreover, an NRF (National Retail Federation, USA) survey shows that by the end of 2019, 80% of retailers expect to have adopted point-to-point encryption, which protects card data while it is being transmitted. And 89% will have adopted tokenization, which protects information stored in databases. According to BakerHostetler, In 2019, phishing accounted for 38 percent of U.S. companies’ data security incidents. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Attractiveness Porter’s Five Forces Analysis 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Augmented Demand for Improved Security of Supply Chain Transactions 5.1.2 Growing Requirement for Supply Chain Transparency 5.2 Market Restraints 5.2.1 Absence of Awareness of the Blockchain Technology 5.3 Assessment of Impact of COVID-19 on the Industry 6 MARKET SEGMENTATION 6.1 By Application 6.1.1 Payment & Settlement 6.1.2 Product Traceability 6.1.3 Counterfeit Detection 6.1.4 Smart Contracts 6.1.5 Risk & Compliance Management 6.1.6 Other Applications 6.2 By Industry Vertical 6.2.1 Retail & Consumer Goods 6.2.2 Healthcare & Life Sciences 6.2.3 Manufacturing 6.2.4 Logistics, Oil & Gas 6.2.5 Other Industry Verticals 6.3 By Component 6.3.1 Platform 6.3.2 Services 6.4 Geography 6.4.1 North America 6.4.2 Europe 6.4.3 Asia Pacific 6.4.4 Latin America 6.4.5 Middle East and Africa 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles 8 INVESTMENT ANALYSIS 9 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/8rf6hr View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005382/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SOURCE: Research and Markets Copyright Business Wire 2021. 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Related Articles Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago avoiding foreclosure Preserving American Homeownership Act Senator Bob Menendez Underwater Borrowers 2015-06-17 Brian Honea U.S. Senator Bob Menendez (D-New Jersey) has proposed legislation that will help underwater homeowners avoid foreclosure and remain in their homes, according to an announcement on Menendez’s website.The Preserving American Homeownership Act is intended to help the estimated 5.1 million Americans who are underwater, or owe more on their mortgage than their home is worth. That number accounts for about 10 percent of homes with a mortgage in the United States, according to data recently released by CoreLogic. About 40 percent of those 5.1 million underwater borrowers (approximately two million) owe at least 25 percent more than their home is worth.Menendez’s home state of New Jersey was one of the areas hardest hit by the foreclosure crisis and has routinely ranked near the top among states for foreclosure rate. In April, 5.1 percent of all residential homes in New Jersey were in some state of foreclosure, the highest rate among states, according to CoreLogic. The national average for the month was 1.4 percent. New Jersey also had the nation’s highest serious delinquency rate (8.5 percent) during April.Compounding the problem is the high number of “zombie” foreclosures, or owner-vacated homes that are in the process of foreclosure but the process is not yet complete. Reports have indicated that New Jersey has the highest rate of zombie foreclosures in the nation. Many of the zombie foreclosure properties will end up sold in short sales or foreclosure auctions.”Far too many New Jerseyans are underwater on their mortgages and are all too familiar with the burden this brings,” Menendez said. “My bill aims to give homeowners the break they need by working with banks to find acceptable solutions for everyone. Not only can we help families stay in their homes, we can mitigate the impact zombie foreclosures have on our communities and our economy.”The national decline in home values since 2007 has caused many homeowners to be underwater on their mortgage. Those homeowners, who may be at risk of foreclosure and unable to sell their home because of the negative equity situation, are often forced to walk away from their mortgage. On the other hand, lenders and banks, fearing a loss of income, are reluctant to reduce the amount of principal owed on those mortgages.Menendez’s bill seeks to help both homeowners and lenders. In exchange for reducing the amount of principal owed, banks would be entitled to a portion of any future increase in value the home might experience. This gives the underwater homeowners relief on their mortgages while banks take a short-term reduction in exchange for a long-term gain pending the housing market recovery. Menendez said in his announcement that 80 percent of homeowners offered the chance to participate in a similar program offered by a private servicer agreed to do so and subsequently re-defaulted at a rate of just 2.6 percent.”The sad fact is that millions of homeowners still have underwater FHA and FHFA mortgages and many are facing foreclosure,” said Phyllis Salowe Kaye, Executive Director of New Jersey Citizen Action. “Principal reduction is the most effective way to keep people in their homes, to prevent foreclosures and to stabilize neighborhoods that have been decimated by vacant and abandoned properties. Senator Menendez’s bill offers real solutions. It should be supported and passed quickly by Congress.”Click here to view the bill’s full text. Home / Daily Dose / Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure June 17, 2015 1,389 Views in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: avoiding foreclosure Preserving American Homeownership Act Senator Bob Menendez Underwater Borrowers Previous: OCC to Escheat Uncashed Foreclosure Relief Funds; Restrictions Placed on Chase, Wells Fargo Next: Non-Foreclosure Solutions Continue to Outpace Completions Five to One About Author: Brian Honea Subscribe
News UpdatesJudicial Independence Prerequisite To Rule Of Law; Advocates Throwing Mud On Judges Attacking Institution And Themselves: Madras HC [Read Order] Mehal Jain13 Aug 2020 2:16 AMShare This – x”Judicial independence is defined as a pre-requisite to the rule of law and a fundamental guarantee of fair proceedings”, observed Justice B. Pugalendhi on Thursday. Setting aside the acquittal of the management of certain granite firms (in connection with their accusation for illegal quarrying of granite in Madurai worth crores of rupees) and remanding the matter for fresh trial, the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login”Judicial independence is defined as a pre-requisite to the rule of law and a fundamental guarantee of fair proceedings”, observed Justice B. Pugalendhi on Thursday. Setting aside the acquittal of the management of certain granite firms (in connection with their accusation for illegal quarrying of granite in Madurai worth crores of rupees) and remanding the matter for fresh trial, the Single Bench remarked that a Judge shall exercise the judicial function independently on the basis of the Judge’s assessment of the facts and in accordance with a conscientious understanding of the law, free of any extraneous influences, inducements, pressures, threats or interference, direct or indirect, from any quarter or for any reason. Not only were repeated requests for recusal of the Single Judge advanced on behalf of the respondents-accused in the instant case, but even after the matter was reserved for judgment, a complaint came to be filed before the Registrar (Judicial) reiterating that the Judge had appeared against their firms in more than 200 occasions in the court and continued to appear in those cases till his elevation to the bench in the High Court of Madras. Moreover, the complaint alleged that the Judge in a public forum (Keren Public School, Madurai dated 08.02.2020) made shocking comments about Madurai granite quarrying operators, that in the said address, the Judge stated that his elevation to Judgeship was delayed by a period of 5 years due to granite lobby. “Lord Krishna in Bhagavad Gita has reminded the importance of duty to Arjuna as “Do Your Duty, Don’t Fret Over the Result”. These words are not for Arjuna alone, but for the entire mankind. Almost all the religions emphasise the duty of individuals”, the bench urged. Justice Pugalendhi proceeded to observe that in discharging our duties, we face several difficulties, but unmindful to the same, we must do our duty with due diligence. “This is what I intended to convey in the speech made before the students. I just reminded the gathering about the duties of the Students, Teachers and Parents and requested them to realise their duty and to discharge their duty with their utmost ability and sincerity and only then, we can expect a better society”, he commented, adding that his motivational speech given to the students has been doctored, by editing in such a way and projected as if this Court is against the respondents / accused, He expressed regret that Nowadays, if anybody reminds of the duty, they are viewed differently- “As an individual person, everybody expects their servants to be loyal and sincere to them, but, at the same time, if the Government servant does his duty sincerely and diligently, it is viewed in a different manner, as a sin. This is how our values have evolved” “I have not referred anything about these respondents / accused in that speech made in the school function and the speech has been edited in such a way and circulated to pressurize this Court to get away from these cases”, he said. Justice Pugalendhi continued to reflect that as a Judge, they are expected to be aloof from the society. But at times, on the request of some respectable persons, they accept certain invitations and “similarly I accepted and participated in that school annual day programme”. “In fact, initially I refused to accept the meeting, but, since the request was made from a respectable member from the BAR, I accepted to give a speech in the meeting and gave a motivational speech to the students of the school”, explains Justice Pugalendhi in the judgment. Justice Pugalendhi further stated that at the said function, the Principal while referring to his works in the introduction speech mentioned certain wrong particulars on the cases conducted by him and for correcting the same, he referred to the number of granite cases he had appeared before the Madurai Bench of the Madras High Court in. “As a Special Government Pleader and as an Additional Advocate General, I appeared in a number of Writ Petitions on granite issues before the Madurai Bench as well as before the Principal Seat at Madras. The Madurai District Administration has not only initiated action as against the firms of the respondents / accused, but against almost all lessees…To my remembrance, I did not appear in the criminal complaints filed by the District Collector (one of the petitioners before the High Court and the original complainant) before the learned Magistrate and on these appeals pending before this Court. I proceeded with this case only after ascertaining from the order sheet and after verifying with the respective Counsel to these cases that I never appeared in the present proceedings pending before this Court”, the bench asserted. He continued to proclaim that as a Special Government Pleader and as an Additional Advocate General, he has not only dealt with the cases on granite issues, but also dealt with the cases arising out of Garnet Quarry, Sand Quarry etc., and one way or the other, he would have appeared against almost all the mining lessees in the State of Tamil Nadu and therefore, on this ground, it is not proper to state that he should not discharge duty as a Judge on the Mines and Mineral issues. ‘Advocates throwing mud on the Judge must realise they are attacking the Institution, and themselves’ The bench noted that the respondents / accused are enjoying the order of acquittal for three years, even without a trial and they may intend to retain this favourable order of acquittal for some more time. “But the Advocates, being the Officers of the Court, owe certain duties not only to their clients, but also to the Court”, the bench observed, adding that no party to a litigation may stoop to this extent, without the knowledge of his Advocate. “The Advocates before throwing mud on the Judge, must realise that by doing so, they are attacking themselves and the Institution”, said the Judge. Justice Pugalendhi continued to remark that as a Judge and an Advocate, they command certain respect and privileges in the society and “the same are derived from this Institution and its judgments”. ‘Very few government servants working with honesty and integrity and even they are facing consequence for discharging their duties diligently’ Justice Pugalendhi recorded that by the order of March, 2016 (which was in appeal before the High Court), the Magistrate, dismissed the complaints filed by the District Collector, Madurai, for his non-appearance under Section 256 Cr.P.C. and acquitted the respondents / accused from the charges under Sections 4(1-A) r/w 21(1) of the Mines and Minerals (Development and Regulation) Act, 1957. Apart from the aforesaid offence, the complaints were also filed to confiscate the multi-colour granite blocks seized from the respondent’s / accused’s land, and to dispose of the granite blocks as provided under Section 21(4-A) of the 1957 Act. Aggrieved over the same, the State had preferred the criminal appeals. Further, while dismissing the complaints, the Magistrate has also made certain observations that Anshul Mishra, I.A.S., the then District Collector, Madurai, has filed the complaints in his official capacity as District Collector, Madurai, but, as on the date of lodging of the complaint, he was not the District Collector, Madurai and thereby, slapped him with charges of perjury alleging commission of the offence under Sections 181, 182, 193 & 199 IPC. The Magistrate further observed that the Special Public Prosecutors have also aided the complainant in the said offence and therefore, directed the Head Clerk to lodge a complaint under Section 197(1b) Cr.P.C., after getting appropriate orders from the Government “Honesty and integrity have become rare qualities nowadays. Most of the Government servants lose their sincerity, since their salary is assured, even if they do not work. At present, very few officials are working with honesty, integrity and sincerity and even those officers are afraid of the consequences and avoid their duties”, the bench reflected. Appreciating that this is the first complaint filed for confiscation of the vehicle as mandated under the Mines and Minerals (Development and Regulation) Act, the Single Judge observed that most of the District Collectors have not acted in accordance with the Statute and the Governments are not serious in enforcing the provisions of the Act. “Natural resources are the gift of nature given to the entire mankind. In order to protect the environment, the Government has enacted several laws, like the Environmental Protection Act, the Mines and Minerals (Development and Regulation) Act, etc., and established a Green Tribunal. But, without implementing the law in its stricto sensu, the desired object cannot be achieved”, he iterated. The Single Bench appreciated that the object for which the amendments were made in the Mines and Minerals (Development and Regulation) Act, by introducing the provisions under Sections 4(1A), 21, 21(4A) and 23(C) by Act 38 of 1999 is only to curb the rampant illegal mining activities. It is for this object, the Tanton Committee was constituted and it also made its recommendations and based on those recommendations, the above provisions were introduced in the year 1999. Even though these provisions came into effect from the year 1999, it appears, not even a single vehicle has been confiscated, so far. “Even this first complaint filed by the District Collector is facing these consequences and a fitting reply was given to him for having discharged his duty. Allowing these type of orders to survive even for a minute would demoralise the sincere officers”, said Justice Pugalendhi, expunging the aforesaid adverse observations made by the Magistrate against the Collector.Click Here To Download Order[Read Order]Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story