|Comment on Equity vs. Equality; differences & discoveries â SELRS Update by Soames Smith||I agree with the articles point of view,There has to be away for the consumer to take a share in the equity and also the risk in the production of food .Allowing for the producer to make a living wage .|
|Comment on Equity vs. Equality; differences & discoveries â SELRS Update by peacefullpantry||Reblogged this on <a href="http://peacefullpantry.wordpress.com/2012/02/11/42/" rel="nofollow">PeaceFull Pantry</a>.|
|Comment on Infusing Value in Supply â SELRS Update by Equity vs. Equality; differences & discoveries â SELRS Update Â« GFSA News||[...] Infusing Value in Supply – SELRS Update [...]|
|Union Bank of India Announces Excellent Results for the Quarter ended June 30, 2017|
Highlights of Union Bank of India's Results for the Quarter ended June 30, 2017
CASA 25.1 per cent YoY
Non Interest Income ` ` 1414 crore (up 36 per cent YoY)
Savings Deposit 27.6 per cent YoY
Operating Profit ` ` 2057 crore (up 26.5 per cent YoY)
CASA Share 35.5 per cent
Net Profit ` 117 crore (up 7.3 per cent QoQ)
RAM* Sector 14.8 per cent YoY
CRAR 12.01 per cent
RAM* Share 55.4 per cent
Tier I 9.24 per cent
ï· The growth in Deposits was driven by Savings Deposits, which grew by 27.6 per cent on YoY basis.
ï· Cost to income ratio improved to 43.79 per cent against 48.28 per cent on YoY basis.
ï· Capital Adequacy Ratio (Basel III) improved to 12.01 per cent compared to 10.75 per cent a year ago. * (Retail, Agriculture & MSME share in domestic advances)
Global Business grew by 10.5 per cent to `670971 crore as on June 30, 2017 from `607280 crore as on June 30, 2016. Domestic business grew by 10.0 per cent to `635233 crore as on June 30, 2017 from `577473 crore as on June 30, 2016. Total deposit of the bank grew from `338727 crore as on June 30, 2016 to `375796 crore as on June 30, 2017 showing growth of 10.9 per cent.
Financial Results for the Quarter ended June 30, 2017
CASA deposits grew by 25.1 per cent to `133412 crore as on June 30, 2017 from `106604 crore as on June 30, 2016. CASA share in total deposits improved to 35.5 per cent as on June 30, 2017 compared to 31.5 per cent as on June 30, 2016. Average CASA ratio also increased by 430 basis points (bps) to 33.5 per cent on YoY basis. Savings Deposit registered YoY growth of 27.6 per cent. A total of 8.70 lakh CASA accounts were opened during April-June 2017, out of which 8.38 lakh were Savings Bank Accounts (excl. BSBDA/BSBDS accounts). The Bankâs Global Advances grew by 9.9 per cent (YoY) to `295175 crore as on June 30, 2017 from `268553 crore as on June 30, 2016. Due to encouraging growth of 14.8 per cent in RAM (Retail, Agriculture & MSME) sector, Domestic Advances increased by 9.4 per cent from `242935 crore as on June 30, 2016 to `265683 crore as on June 30, 2017.
Financial Performance for the quarter ended June 2017
Domestic Net Interest Margin (NIM) stood at 2.20 per cent for April -June 2017 as against 2.36 per cent for April -June 2016. Global NIM for April -June 2017 stood at 2.06 per cent as against 2.27 per cent for January-March 2017 quarter. It was 2.28 per cent a year ago. Yield on funds stood at 6.94 per cent for April -June 2017 as against 7.94 per cent for April-June 2016 and 7.35 per cent for January-March 2017. Cost of funds stood at 5.03 per cent for April -June 2017 as against 5.82 per cent for April-June 2016 and 5.24 per cent for January-March 2017. Net Interest Income for April-June 2017 increased by 6.7 per cent to `2243 crore from `2103 crore for April-June 2016. It was `2387 crore during January-March 2017. Non Interest Income for April-June 2017 stood at `1414 crore, showing increase of 36.0 per cent over April-June 2016. Operating profit increased by 26.5 per cent to `2057 crore during April-June 2017 over `1626 crore during April-June 2016 and was `2134 crore during January-March 2017. Net Profit for April-June 2017 sequentially increased to `117 crore from `109 crore in January-March 2017. Cost to income ratio improved to 43.79 per cent for April -June 2017 from 48.28 per cent for April-June 2016 and it was 44.32 per cent for January-March 2017. Return on average assets (annualised) stood at 0.10 per cent for April-June 2017 as against 0.17 per cent for April-June 2016 and 0.10 per cent for January-March 2017. Return on equity (annualised) stood at 2.46 per cent in April -June 2017 as against 3.36 per cent for April -June 2016 and 2.27 per cent for January-March 2017. Earnings per share (annualised) stood at `6.78 in April -June 2017 as against `9.69 for April -June 2016 and `6.33 for January-March 2017.
Gross NPA stood at 12.63 per cent as on June 30, 2017 as against 11.17 per cent as on March 31, 2017 and 10.16 per cent as on June 30, 2016. Net NPA ratio stood at 7.47 per cent as on June 30, 2017 as against 6.57 per cent as on March 31, 2017 and 6.16 per cent as on June 30, 2016. Provision Coverage Ratio stood at 51.13 per cent as on June 30, 2017 as against 51.41 per cent as on March 31, 2017. It was 49.99 per cent as on June 30, 2016.
Capital Adequacy ratio of the Bank under Basel III improved to 12.01 per cent as on June 30, 2017 as against 11.79 per cent as on March 31, 2017 and 10.75 per cent as on June 30, 2016 compared to minimum regulatory requirement of 10.25 per cent. The Tier I ratio as of June 30, 2017 is 9.24 per cent, within which Common Equity Tier 1 ratio is 7.73 per cent compared to regulatory minimum of 6.75 per cent.
The Bank has been pioneer in taking various digital initiatives and continuously launched various digital products for enhancing the customer services. Following are some of the key achievements during the quarter:
66 per cent growth in mobile banking users on YoY basis. U-Mobile transaction volume doubled from June 2016. 90 per cent growth in number of PoS terminals on YoY basis. 7th largest presence in banking industry and 3rd largest presence amongst all PSU banks within short span of time in Social media. Trendsetter on Social media channels by taking various initiatives like Live streaming, Digital Education Series â #KyaAapJanteHai etc. 67 per cent share of âtransactions through digital channelsâ in âoverall transactionsâ.
Under the Pradhan Manrti Jan Dhan Yojana (PMJDY), the the Bank has more than 69 lakh accounts having a balance of `1270 crore. 48.91 lakh Rupay Card issued under PMJDY as on June 30, 2017.
Total enrollment under Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APJ) increased to 30.1 lakh, 12.8 lakh and 2.21 lakh respectively. The Bank financed `696 crore in 33433 accounts under Pradhan Mantri Mudra Yojana, including an amount of `211 crore to 7964 beneficiaries through a specific scheme for financing of light commercial vehicle during AprilâJune 2017.
The Bank has 4286 branches as of June 30, 2017 including 4 overseas branches at Hong Kong, DIFC (Dubai), Antwerp (Belgium) and Sydney (Australia). In addition, the Bank has representative offices at Shanghai, Beijing and Abu Dhabi. The Bank also operates in United Kingdom through its wholly owned subsidiary, Union Bank of India (UK) Ltd. Total number of ATMs stood at 7574 including 1685 talking ATMs as of June 30, 2017. ATM to branch ratio stood at 1.77.
Awards & Accolades during FY 2017-18 (April-June)
Skoch Order of merit Award â Operational Customer Relationship Management (OCRM)
Skoch Financial Technology Award - Unified Payment Interface(UPI)
Skoch Financial Technology Award - Green PIN solution for Debit cards
Skoch Financial Technology Award - Union Digi Gaon
Skoch Financial Inclusion Award for Financial Inclusion
|Sugar Free launches a web series âThe Sweet Breakupâ a first of its kind in the food space|
by Shrutee K/DNS
Mumbai, August 2017: Sugar Free, a name synonymous with sugar substitute, is the single largest leader in India in the category. The brand always thrives on innovation as key for its growth and has introduced many variants in the category for the sweet binging yet calorie conscious Indians. As an extension to its innovation drive, the brand has unveiled a new campaign âThe Sweet Breakupâ, a one-of-a-kind 5-part web-series in the food category. The series is conceptualized and executed by Maxus Content, the content solutions arm of Maxus.
Talking about the campaign Tarun Arora, Chief Operating Officer & Director, Zydus Wellness said, âOur vision for âSugar Freeâ is to make it the brand of choice for consumers seeking low / no calorie options to lead a healthier life style. Hence to address the myths attached with the usage of Sugar Free as part of oneâs daily culinary needs made us conceptualize âThe Sweet Break Upâ. This web series demonstrates in an authentic way that you can indulge into your favourite dessert guilt-free without compromising on the taste. The 5- city trail as part of the campaign only reaffirmed that any sweet recreated with Sugar Free tastes the same when made with sugar. I believe this was the first time a dessert truck was going around India and hence there was a lot of excitement amongst people wanting to know whatâs cooking !â
Pooja Verma, Head - Content, Entertainment and Sports Partnerships at Maxus said, âMaxus believes that changing traditional behaviour among consumers with content, needs a compelling strategy which is driven by insights and fused with creative thought. Showcasing Sugar Free as more than just a sugar substitute via âThe Sweet Break-Upâ campaign is a prime example of our focus. Sweets have a strong relationship with celebrations in our country. With that insight in mind, we brought our campaign together on the message that enjoying sweets while breaking up with unhealthy calories is a win-win outcome for every foodie. The creative vehicle to deliver that message is our one-of-a-kind series where Chef Kunal Kapur joins famous foodie-duo Rocky & Mayur, in recreating delicious Indian sweets with Sugar Free. Through this content solution, the brand stands to generate extensive and meaningful conversations with viewers who love their sweets.â
This campaign marks the culinary journey of Sugar Free across 5 cities Delhi, Lucknow, Kolkata, Bengaluru and Mumbai, where celebrity chef Kunal Kapur reconstructed 5 different speciality desserts by using Sugar Free products. The brand also had on board the famous foodie duo Rocky and Mayur whose fun banter added to the entertainment element in the web-series. The journey started from Delhi where the chef created the famous Tewari Brotherâs Gulaab Jamun followed by Lucknow where Ram Asreyâs famous Malai ki Gilori was made. The truck then headed East to Kolkata where he recreated Balaram Mullickâs Sandesh and then southward to Bangalore where he made a fusion dessert using G Pulla Reddyâs Dharwad Peda and created Dharwad Peda Tiramisu. The final leg of the web series was shot in Mumbai where Chef Kapur added a spin to made Ladu Samratâs modak and created delicious chocolate modaks. All of these were created using Sugar Free. While the brand has a strong linkage with table top consumptionand pellets as a format, the culinary consumption for powder formats is a gap that needs to be bridged. âThe Sweet Breakupâ campaign is that step forward by Sugar Free to make consumers aware of the format, its usage and the fact that the taste of the dessert stays as good. What more? One can indulge in sweets now without having to feel guilty.
The Sweet Breakup will be unveiled on-air on youtube.com 18thAugust
About Zydus Wellness Limited: Zydus Wellness Limited is the Consumer products company from the Zydus Group. Zydus group is a pharma major with flagship organization, Cadila Healthcare Limited, a leading pharmaceutical company with significant global presence apart from India. Zydus Wellness has been a pioneer in various categories it operates in. The company focuses on emerging segments and has its DNA of innovations with âDo good benefitsâ at the core of its business. Zydus Wellness commands leadership in the sugar substitute market, table spreads and the skin care segments. In the sugar substitute market, Sugar Free is a market leader with a market share of 94% and targets health and fitness seekers apart from diabetics.
Nutralite is a market leader in the Fat Spread category and appeals to consumers looking for healthier alternatives to normal butter. It is cholesterol free, does not contain any hydrogenated fats and is also trans-fat free. Everyuth is a pioneer in facial cleansing space in India. It enjoys leadership in the scrub and Peel off Mask segments and is amongst the top players in the overall facial cleansing category with strong âNaturalsâ equity Zydus Wellness Limited is listed on NSE and BSE and has manufacturing locations in Gujarat and Sikkim.
About Maxus: Maxus is a marketing communications consultancy that helps marketers build profitable relationships between consumers and their brands. They combine the disciplines of communications planning and customer relationship marketing to deliver Relationship Media, a next generation model powered by creative media thinking and sophisticated, real-time customer data.
Their services include communications strategy, digital marketing, direct response media, social media, data analytics, media investment management, content & sports marketing, marketing ROI evaluation and CRM. Having a talent team of 2,500 people across 55 markets, they are part of GroupM, the worldâs largest media investment management group that serves as the parent company for all of WPPâs media agencies.
|A Buffalo Church as a New Buffalo Brewery|| |
In Buffalo NY itâs hard to not be drawn to a church for a brewery right away. Itâs like a brewing palace. Beautiful surroundings, ceiling heights that are unmatched, since it was for people to gather the utilities are surprisingly low (several feet of brick and mortar are even better than 6 inch of fiberglass, the temp stability is amazing) and Buffalo has a bunch of extra churches right now that could use a, well use.
So whatâs the problem? They came in a couple of flavors (Sadly the flavors are like skunked Bud Light, and not a Buffalo micro-brew).
1) If the church is owned by the Papacy it cannot be used for a brewery, period dot. That takes out many of the primary candidates
2) Most of the churches need some repairs, the first church we looked at required over 500k in stabilization and another 400-500k in conversation costs. The second needs 300k, but the conversion costs were down to about 100k. That is almost the entire budget for New Buffalo. In this same category, if thereâs not a door I can get the tank thought I donât want to bust down walls to get them installed, thatâs not hard and fast just a bit of the preservationist that lingers.
3) A brewery falls under a M1 Zoning, churches are a C1, the first city councilmen I tried to work with refused to talk to me about it for several weeks before giving me a âI wonât actively try to stop you, but Iâm not going to help you in anywayâ kind of answer. The Councilmen Franczyk, whoâs district I wasnât working in was excited about the idea. In any case not being zoned correctly is another huge risk for use to undertake, a 6 month wait would bankrupt us in our first year
4) There is no equity in churches so the bank will not lend us money to fix a church for the most part. On top off that even as we pay down the merger costs of the church we canât barrow against it later own to expand like a normal building.
5) Preservation, on one hand it has some money we can tap into in, almost 50% of the stabilization or big repair costs could be deferred by public funds, however you have to keep the building the way the rules call for which in the case of the first building, we would have had the largest tasting room in the world (not proven but I donât know of any breweries with 12,000sqft of tasting space, and two levels with a stage in the middle)
6) Transportation, I need to be able to bring in semiâs, right now were planning on a grain bin for the pale malt, and I have to be able to get that into the building, also just in the first year weâll be moving a couple truckloads of beer a week. I have to be in a place they can get too.
To sum it up, were still looking for a church that could hold us but itâs not our focus anymore. Unless we received a grant for $1million it looks like itâs going to be a goal to expand too. I know the city has money like that, and that $5million went to the Staler. The city isnât going to trust a young guy like me, my background is Intelligence and factory work, not history building refurbishing.
This was a very long post, but I wanted to hit on it since several people have asked me about it. Chris Fetter has been a tremendous help, sending us updates when a non-Catholic church comes on the market. We hope this will work out, but we canât wait forever.
This post is in response an exchange with http://www.communitybeerworks.com/, on our facebook page http://www.facebook.com/pages/The-New-Buffalo-Brewing-Co/215182275168604
|Interface deal good for the industry||
The $600 million Interface Security Systems deal has sentâas The Beach Boys once sangââgood vibrationsâ throughout the security industry, as it provides not only a vote of confidence for what Interface is doing as a modern systems integration company, but also a vote of confidence in the security industry, in general, as companies like Interface represent a new breed of integrator that is staying at the forefront of new technology and innovation.
John E. Mack III, executive vice president, co-head of investment banking and mergers & acquisitions at Imperial Capital, which acted as financial advisor to Interface on the deal, astutely pointed out that this deal goes beyond validation of what Interface is doing in the space.
âThis is a very cool story for the sophisticated new-age security provider, which is what Interface isâthe 2.0 version of what the right kind of security player should be,â he told Security Systems News. âWe spend so much time in this industry talking about the residential side of the business, which is interesting, but there is a massive opportunity on the commercial side of the business that Interface is tapping into that I think is a compelling theme.â
He continued, âThere is a lot of validation for a very successful business model here that Prudential is putting up $180 million of new capital, and SunTx is putting up additional capital into the deal. And that youâve got a very attractive set of debt investors, and just the fundamental backing for the business, is a meaningful part of a positive message for the industry.â
Jeff Frye, SVP for Interface, told SSN that the support from equity partners is not only a stamp of approval for what the company is doing, but the âcapital gives us more fuel to build on our current, better than 15 percent compounded annual growth rate, so we know that we can do more with a little more gas in the tank and we are anxious to prove it.â
Frye noted that the equity will allow the company to expand its products and services around providing business intelligence, as security is becoming so much more than just, well, security.
âAs a network provider, and a managed services provider of network services and cybersecurity services, we touch a lot of aspects of our customersâ businesses,â Frye explained. âAnd as a leading purveyor of Internet of Things services, we are able to aggregate intelligence from all of those sensors and data sources to bring actionable insights to a customerâs business. There are some new verticals that we would like to focus on more, including financial services and banking, so this makes that horizon much brighter and much more approachable.â
And it also makes the security industryâs horizon a little brighter.
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KTBU-TV Channel 55
11150 Equity Dr.Houston TX 77041
|Applebeeâs, IHOP to close as many as 160 restaurants||DineEquity announces plan to close dozens of IHOP and Applebee's restaurants. |
|How a poor labourer became a rich farmer|
Vasant Baburao Parkale, a 52-year-old farmer, has become a role model for many farmers in the drought-prone Marathwada region. His determination and the will to excel in life have helped him to transform his dreams into reality.
In 1984, he was just another labourer working for Bhagwan Yashwantrao Shirsagar, a wealthy farmer in Kadwanchi village in Jalna district. In 2006, Shirsagar built three farm ponds in the village with the help of the government subsidy.Â Vasant aspired to become a farmer like Shirsagar and was interested in building a farm pond. When he informed Shirsagar about this, he was discouraged from doing it. Unperturbed by this, Vasant went ahead with his efforts and started meeting government officials for the farm pond subsidy.Â The officials supported his initiative and provided himÂ with the subsidy.
In 2006, he made his first 24x24-metres-farm pond.Â Through his two farm ponds, he harvests one crore 15 lakhÂ litresÂ of water annually.Â His grape production is flourishing with efficient water management practices. He owns 8.3 acres of land now and has properties worth Rs 1 crore.Â
The video tells his success story.
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|In the name of development|
Pankaj Sekhsariaâs recent book Islands in flux--The Andaman and Nicobar Story is a collection of around 20 years of his writings on the environmental and conservation concerns faced by the indigenous tribal communities of the region. Unlike his previous book, The last wave, a factual fiction adventureÂ story dealing with love, longing and loss, this one is a collection of contemporary developments in the islands. The book is divided into seven parts and several chapters each dealing with the societal and ecological facets of the islands. Issues related to the environment, wildlife conservation and development policies that threaten the islandâs indigenous communities have been chronicled by the author who is a long-time member of the NGO, Kalpavriksh.
Alienation of islanders
The book begins with the section, Setting the context, in which he writes about the history of the alienation of the island communities living there for over 40,000 years. The author takes a dig at the history writers of the modern democratic Indian state who have left gaping holes in their writings by not sudying the ancient indigenous communities--the Great Andamanese, the Onge, the Jarawa and the Sentinelese. It is here that the author mentions âif the real and complete history of the islands is ever written, the British would not be more than a page and India could only be a paragraphâ.
The indigenous people have been systematically alienated from their resources by the British colonial policies and the post-colonial development-oriented policies of India. The Britishers set up a penal colony in the islands in 1858, the Japanese occupied the islands during the World War II, and during the post colonial period, thousands of settlers from mainland India were brought to the island. Though the islanders put up a fierce fight to defend their territories, the social fabric of the island communities has been violently torn apart and their populations decimated while the settlers outnumbered the original inhabitants. The region is witness to nation building exercises, hinduisation of âuncivilized jungleesâ and even an attempt to rename the islands. The author calls this as an attempt to âreclaim what was never yoursâ. No effort has been made by way of scholarship or historical studies to take the islandersâ point of view.
Forestry is the chief source of revenue in cash in the islands but the system of forestry did not suit the region. The author quotes an official report by the Department of Environment, Government of India that argues that âthe forestry system was leading to a preponderance of deciduous elements in the evergreen system that would eventually destroy the whole island ecosystemâ. The carrying capacity of the islands has been long exceeded, the author says. Ill-conceived schemes like cattle rearing were introduced for a community that does not consume milk. Tourism is a concern in the islands which have been declared as âglobal biodiversity hotspotâ.
The pristine forests and the people living in the Jarawa tribal reserve that covers half the island is under threat because of the ill conceived Andaman Trunk Road that separates the reserve land from the rest of the island. The Jarawas for whom the forests have been a home for ages have been reduced to begging around the Trunk Road that runs through the reserve. The road has been controversial due to the negative fallouts on the islandâs ecology and the indigenous people. The Supreme Court had in 2002 passed an order to close it; the island administration chose to ignore it. Its closure was absolutely critical to protect the Jarawa community, the author says.
Islands turn colonies
The author chronicles the colonising of the islands in a chapter of the same name and discusses how the settlers look down upon the indigenous communities. Tension continues between the tribal communities especially the ancient tribal community of Jarawas and the settlers over land rights and there is a lack of political will to ease this even as the population of the Jarawas has been reduced to a few hundreds. âThere are opinions that the Jarawas should be assimilated into the modern world, but it is clear that it is exactly this contact with the outside world that is rapidly pushing them towards the brink,â the author states.
In the chapter, A brief history of logging, Sekhsaria provides an account of the timber operations in the Andamans. He notes how as a part of Indiaâs colonisation scheme, mainlanders were settled here. This was done to strengthen Indiaâs claim over the islands. Incentives were offered to settlers by way of land and royalty free timber. Timber-based industry was promoted and liberal subsidies offered. Forests were exploited to benefit settlers who had little stake in the islands or its natural resources. Timber offered for millions decreased after the 2002 Supreme Court order. The order was in response to a petition by three NGOs to stop logging. The Supreme Court order that banned the cutting of naturally grown trees in the Andamans and Nicobar islands were welcomed by the environmental rights groups. But logging continued within the tribal reserve.
In the section, Environment, ecology and development, the author stresses the need for evolving sensible conservation policies. The author discusses the consequences of introducing exotic species into the island systems. This has led to irretrievable loss of native species and ecosystems. âThe Andaman and Nicobar islands are unsurpassed in their botanical wealth, and the ethnomedical knowledge of the tribals who live here is astounding,â he says.
In the section, December 2004 and its aftermath, the author discusses the turmoil caused by the tsunami of December 26, 2004 which killed around 3500 people in the fragile Andaman and Nicobar islands, the worst hit area in India. The tectonic activity due to the third deadliest earthquake of the world in the last 100 years caused a significant shift in the islandsâ geography with a permanent average uplift of four to six feet while parts of Nicobar islands went significantly under, with the southernmost tip, Indira point on Great Nicobar island going 15 ft down. Apart from dealing with how the tsunami destroyed the island, the section also highlights how the people picked up the pieces and started all over again.
Leave them alone
The tsunami waters inundated large areas of the islands causing damage to its coastal and marine ecology. In the aftermath of this turmoil, ecologists have suggested âno interventionâ and that âleaving areas alone should be the preferred management optionâ. A disturbing facet of the islands in recent times is its water scarcity. The islands have been facing severe water shortages even during the pre-tsunami period but this got worse after 2004. Fresh water sources got hit by the tsunami.
Talking about the faulty development planning, the author discusses how the former president late Abdul Kalam in 2005 in the aftermath of the tsunami announced a grandiose vision for the development of the Andamans and Nicobar islands. This included ecologically perilous components like deep sea fishing, exploitation of bamboo, value-added coconut products and tourism.
A central thread of Sekhsariaâs book has been the neglect and acculturation of the Jarawas, and their losing scuffle with the outsiders. The book presented in a journalistic manner handles the issue very sensitively and the author exhibits a keen understanding of the history of the indigenous people and its ecology.
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|Ryots wronged, take protest to Delhi|
A woman stands with a begging bowl and a placard strung around her neck. An old man shuffles along barefoot in the street at Jantar Mantar, the official site of a farmersâ protest in the heart of New Delhi. He finds his way through a group of farmers gathered at the protest site on a hot summer afternoon. Dressed in green loincloths, they are lying motionless on the road and the footpath exhausted after their meetings with the deputy speaker of Lok Sabha M. Thambidurai, MDMK general secretary Vaiko and Congress vice president Rahul Gandhi in the past few days.
These are farmers from Tamil Nadu on a protest which is in its fourth week. The drought situation on the Cauvery belt in Tamil Nadu has gone from bad to worse this year with the state witnessing the worst spell in 140 years from a poor northeast monsoon, as per the India Meteorological Department. The state government officially declared a drought in January 2017.
âThe Centre has not announced a drought relief package yet despite our long-standing protest. The High Court of Tamil Nadu has issued directions to the state government to write off all agricultural loans. But we will not budge from here till the Centre hears us out,â says Sivaprakash, a farmer from Dindigul in Tamil Nadu.
Sivaprakash is a part of the group of over 100 farmers representing the âDesiya Thenidhiya Nathigal Inaippu Vivasayigal Sangamâ (National South Indian River Interlinking Sangam). They have been protesting at Jantar Mantar since March 14, 2017. âHundreds of farmers have committed suicide given the drought conditions in the state which was preceded by the devastating cyclone Vardah. Even the National Human Rights Commission (NHRC) has sought a detailed report from the state government on this,â says Sivaprakash. Earlier in January, the NHRC had taken suo motu cognisance of the media reports on the suicide of 106 farmers in one month in Tamil Nadu.
Waiting for an ethical response
With the government unmoved by their protest, members of the Sangam resorted to skull protest to intensify their agitation. âThrough our skull protest, where we are displaying the skulls of farmers who have committed suicide in the wake of the drought in the state, we are seeking a drought relief package from the Centre. The skulls we are using in the protest symboliseÂ our fate if the state does not help us out. Debt relief is being provided to the wealthy people. What about us, the farmers who have toiled so hard?â asks P. Ayyakannu, president of the Sangam, who hails from the Tiruchirappalli district in Tamil Nadu. Â
The state government had in February 2017 sanctioned a drought relief package of Rs 2,247 crore for 32 lakh farmers of the state. âThe state government gave Rs 3,000 each as compensation for crop losses to those who depend on seasonal rain and Rs 5,465 per acre to those who depend on irrigation. How is that enough to make up for the losses we have faced?â Ayyakannu asks. âThis is highly inadequate and we demand a drought relief package of Rs 40,000 crore from the Centre,â says Saravana Kumar Vasudeva, who belongs to a farmer family in Theni, Tamil Nadu. âWe also want a waiver of loans, better support price for our produce, lower input prices and above all, solutions to water scarcity in the region," says Saravana.
Natarajan who has come all the way from Karur in Tamil Nadu says, âI lost my crops to this drought and have an outstanding debt of around Rs 5 lakh from a nationalised bank. How will I repay this? I have no money left. Why canât the government extend the waiver for loans from nationalised banks like they have done for cooperative banks?â
âWe wanted to make a representation to the prime minister about the agrarian situation in Tamil Nadu but even after 28 days, our representatives have not been granted an appointment. This only shows the government's claim that it is sensitive to farmers is hollow,â says Ayakannu. âFarmers would be forced to intensify their agitation unless the issue is settled,â he adds.
Catching the peopleâs imagination
The farmers from the Cauvery belt have been joined by farmers from the other states in the protest. âOur livelihoods have been destroyed. To drive home this point, we are using macabre elements in the protest like skulls, rats and snakes. We are carrying begging bowls, shaving half of our heads and staging mock funerals. We even stripped in front of the prime ministerâs office yesterday. But other than the media, no one seems to be noticing us despite the gravity of the situation,â says Manohar Patil from Maharashtra who has joined in the protest.
Some of their demands include setting up of the Cauvery Management Board and interlinking of the national rivers to deal with the lack of water in Cauvery. âWhy canât the Centre force the Karnataka government to release water from Cauvery when the Supreme Court has directed Karnataka to do so as many as seven times? The Center talks so much about Ganga but nothing on Cauvery,â says Saravana.
âWe are languishing here for days but the Centre has no interest in hearing us out. How do you think our families will survive with no income?â asks Natarajan. âUnable to repay our loans, we are left with no option but to rot in Delhi,â he says.
âOur crisis deepened this year because Karnataka, in spite of the Supreme Court order, refused to release Cauvery water to Tamil Nadu,â says Kuppuswamy, a farmer from Villupuram district of Tamil Nadu. Many agitating farmers are senior citizens and are also demanding a pension scheme where farmers over 60 years of age get Rs 5,000 each.
Whose fault is it anyway?
The Centre considers drought relief as the responsibility of the state. The state, on the other hand, has approached the Centre and sought an assistance of Rs 39,565 crore from the National Disaster Relief Fund for drought relief. Following this, a central team has visited Tamil Nadu to assess the condition and has submitted its report. Union Minister for Agriculture Radha Mohan Singh plans to take it up at a high-level committee meeting soon. However, it may be difficult for the Centre to waive off loans for the Tamil Nadu farmers alone as there are other states too which are in a similar situation. Tamil Nadu farmers may get some financial assistance but will that solve the current crisis of farmer debts and suicides?
Droughts are not just episodic in nature but are a structural problem. Drought or no drought, farmers will continue to fall in debt traps given their dependence on high-cost farming methods using fertilisers, pesticides, machinery and seeds. At the same time, crops are no longer fetching them remunerative prices from which they can profit. The answer to this crisis may be in adopting low-cost sustainable farming methods. Meanwhile farmers should be provided income security to wean them off the debt trap. Letâs wait and watch if the state responds well to the current crisis.
Don't Show In All Article:
|Tattoos to Toes|
Travel to a Japanese tattoo parlour, and drop in on an ancient Egyptian party! Through the examination of a variety of ROM objects and museum reproductions, students are introduced to the language and art of body decoration, across a broad spectrum of cultures and peoples.
Seven activity centres, including: scarab, Menorah ring, Byzantine cross, Thai ankle bracelet, photo cards, student activity booklets and teacher's notes.
Best Grade Connections:
Arts - Exploring and Creating in the Arts
Arts - Visual Arts
SS&H - Equity Studies
SS&H - Family Studies
B - Regular
Case Size Information:
51 cm x 57 cm x 21 cm
|Adidas strelil hokejovÃº znaÄku CCM||NemeckÃ½ vÃ½robca Å¡portovÃ©ho obleÄenia a obuvi Adidas sa dohodol na predaji svojej hokejovej znaÄky CCM sÃºkromnÃ©mu fondu Birch Hill Equity Partners, a to za 110 miliÃ³nov dolÃ¡rov (94 miliÃ³nov eur). Adidas predÃ¡va niektorÃ© svoje vedÄ¾ajÅ¡ie znaÄky, aby sa mohol venovaÅ¥ prioritnÃ½m znaÄkÃ¡m Adidas a Reebok, uviedla vo Å¡tvrtok agentÃºra Reuters.|
|Small Business Loan Free Important Information For Small Business||It's difficult to provide accurate small business loan information, but we have gone through the rigor of putting together as much small business loan related information as possible. Even if you are searching for other information somehow related to financing a small business, restaurant business plans, finance for a small business or business information this article should help a great deal.|
Make sure that time spent on the small business partnership is dedicated to the business, and time spent together away from the small business partnership is not a forum to discuss business matters. If you're going to spend time together away from the small business partnership, really spend time away from the business.
As the name suggests small business finance is meant to provide financial help to small business houses. You can also avail small business finance if you want to start your own venture. Small business finance is basically of two types, secured small business finance and unsecured small business finance. To avail secured small business finance you will have to place one of your properties as collateral against the loan amount. This can be any of your property like car, home, bank account etc. Placing a security helps you to avail small business finance with lower interest rate and flexible repayment duration. In addition, you can have avail large amount of money by placing collateral of high equity. On the other hand, no such collateral is needed to avail unsecured business finance, but the interest rate is slightly higher in comparison to secured business finance and also the repayment duration is shorter. Small business finance can also is availed by people suffering from bad credit history.
As mentioned before small businesses due to their nature, are in most times sole proprietorships, partnerships, or privately owned. Common in May countries, small businesses, are most often related to: accountants, restaurants, guest houses, photographers, small shops, hairdressers, tradesmen, solicitors, lawyers, small-scale manufacturing etc.
Don't forget that if this article hasn't provided you with exact small business loan information, you can use any of the main search engines on the Internet, like Ask.com, to find the exact small business loan information you need.
However, it will usually be within the 50 and 100 employee range. Usually, your employees also have to be full time employees and not temporary or independent contractors. More specifically, small business health insurance plans require that your employees are not covered by other health insurance plans, and that they work at least 30 hours per week in order to qualify.
Effective small business marketing naturally comes with some challenges - and advantages. Challenges might include a lack of marketing savvy, a limited marketing budget, and time constraints, especially if you are a one person business and so on. Anyone who has run a small business should recognize the danger of spending too much time working in the business rather than on the business.
It's a well-known fact that anyone owning a business or a part of a business carries a bunch of visiting cards to be given away to people with whom there is a possibility of future contact and interaction. A business card usually carries details about the person's designation, organization that he represents office/factory address, telephone numbers and his email address.
A lot of well-meaning people searching for small business loan also searched online for new business, world financial news, and even business finance small source.
So here is chance to get your free tips on small business software and in addition to that get basic information on saving money visit small business management
|Berkeley Energy Successfully Reaches a First Close for its Second Asian Renewable Energy Fund With Usd 112m of Committed Capital||Berkeley Energy successfully reached a first close of its Renewable Energy Asia Fund II with $112m of committed capital for its 10 year closed end fund.
Investors in the first close included the Netherlands Development Finance Corporation (FMO), the International Finance Company (IFC) and the IFC Catalyst Fund, a private equity fund managed by the IFC Asset Management Company (AMC) (who together contributed $60m), the European Investment Bank (EIB) managed Global Energy Efficiency and Renewab...|
|Are You Ready for Homeownership?|
Last Updated: June 11, 2017Are you ready for homeownership? Buying a home will likely be one of the biggest investments of your life. So you want to get it right â especially when it comes to picking the right mortgage and the right mortgage lender. My new Homeownership Smarts course on Money Coach University will turn you into an educated homebuyer and ensure that you get the best possible home loan for your situation. Â In this 5-part video course, I will explain: Fixed Rate Mortgage or ARM: Which is best for you? The two most important factors in qualifying for a mortgage FHA Loans Vs. Conventional Loans: Whatâs the difference? What exactly are mortgage âpointsâ and should you pay them? 5 cardinal rules for successful homeownership Â Throughout the course, we willÂ break down important mortgage terms, such as debt-to-income ratios, equity and interest rate caps â all in plain English, so you can understand how mortgages work. Take Homeownership Smarts now if you want to prepare yourself to become a successful homeowner this year or in the years to come! Â GET THE FINANCIAL SECURITYÂ YOU'VE ALWAYS WANTED Are you sick and tired of being in debt and living paycheck […]
Got a question for The Money Coach? Sign-up today for one-on-one coaching with Lynnette.
|Active funds show signs of life in Q1||BlackRock recently announced it would overhaul its US actively managed equity business|
|Atlas and QInvest in deal to buy UK broker Panmure||Mid-cap broker Panmure specializes in market-making, IPOs, equity research and prime services|
|Investors targeting higher risk assets||Most think private equity provides higher risk-adjusted returns than traditional asset classes|
|Traders prep for French election||Deutsche Bank analysts took a closer look at equity options and synthetics markets this week|
|Meet the Candidates Who Want to Shake Up Durhamâs City Council and Change the Cityâs Trajectory||
There are fourteen people running for three council seats
There's a palpable sense among candidates that this fall's Durham municipal elections could be a pivotal point in the city's trajectory, though the underlying tension points remain much the same as they've been for years now: equity, affordable housing, managing growth, and giving a voice to the voiceless are common refrains. At the top, an opportunity exists to change the fabric of Durham's leadership.â¦
|Trick Or Treat? First-Ever REO to Rental Securitization Deal Looks Spooky||Itâs easy enough to see why the worldâs largest private equity company, after spending close to $7.5 billion amassing a portfolio of 40,000 foreclosed single-family homes it intends to rent, wants to get money out of the âtrade,â as Reuters calls the deal.|
|The eduClipper App Works on Apple Watches||Disclosure: I have a very small advisory and equity interest in eduClipper. The Apple Watch was officially released today. I don’t expect that a whole lot of teachers and or students will be sporting these soon. That said, I’m sure there are a few early adopters who are looking for an educational app for their […]|
|Deconstructing Bias: Creating Equity in Schools|
Deconstructing Bias: Creating Equity in Schools - Annual Educator's Conference
Hosted by the Colorado Chapter of the National Association for Multicultural Education (CO-NAME)
Date: Friday, September 29
Time: 8:00 AM - 3:00 PM
Location: Adams 12 Conference Center, 1500 E 128th Avenue, Thornton
Cost: $100 per person.
Description: Learn about the national and local efforts to deconstruct bias for staff, students and families as a community.
Registration and More Information: https://sites.google.com/a/psdschools.org/coname/home
|Review of 'Dangerous Years'|
SUBHEAD: David W. Orr he demolishes the lies of climate crisis denial, and a minimalist response to this emergency.
By Gene Marshall on 28 July 2017 in Resilience -
Image above: Apocalyptic vision of buildings sinking into landscape. From original article.
[Resilience Editor's note: This piece was originally published in the Realistic Living newsletter. More information about the work of Realistic Living can be found on their website.
I started to write a brief review of David W. Orrâs 2016 book Dangerous Years: Climate Change, the Long Emergency, and the Way Forward. I found, however, that a longer âessayâ was what I felt called to write.
Orrâs book is the best thing I have read on the overall social-change challenges of this century. I am ranking this book, along with the Bible, as something to read over and over for the rest of my life. I recommend that you buy a hard copy, and wear it out over the next decade.
The social content of this book is broad, deep, and on target, and Orrâs prose reads like poetry. His choice of words is beautiful, gripping, and often funny. I am going to quote some examples for you to taste.
First of all, he demolishes the lies of climate crisis denial, as well as the lies of minimalist response to this emergency:
The solutions Orr develops begin with a shift in the human will or heart, then move on to a shift in the human mind, and end with real-world, down-and-dirty, power-politics, as well as the year-in-and-year-out local tasks of reconstruction. Here is a quote about the educational care of our social minds:
We would be embarrassed to graduate students who could neither read nor count. We should be mortified, then, to graduate students who are ecologically illiterateâclueless about the basics of ecology, energetics, systems dynamicsâthe bedrock conditions for civilization and human life. page 110Orr prepares our awakening âhearts,â âwills,â and âmindsâ for our real-world politics with sentences like these:
And there will be no Deus ex machina, or cavalry, or invisible hand, or miracle technological breakthrough that will rescue us in the nick of time. It will be up to us to change the odds and the outcomes on our own. page 144The next passage I will be reading aloud in my speeches. It is a gem that notices the spirit depth of our call to action:
If humanity is to have a better future it will be a more âempathic civilization,â one better balanced between our most competitive, hard-driving selves and our most harmonious, altruistic traits; one that embraces the yin-yang poles of behavior. It must be a change sufficiently global to bridge the chasms of ethnicity, gender, religion, nationality, and politics and deep enough to shift perceptions, behaviors, and values. The change must enable people to grow from a âhavingâ orientation to a âbeingâ orientation to the world. It must deepen our appreciation, affiliation, and competence with the natural world, albeit a natural world undergoing accelerating changes.I view the core of the revolution for a next Christianity to be the creation of metanoia circles, small groupings of people in which our deepest humanness can be nurtured on a regular basis and our compassion and persistence prepared for our wide-world responsibilities.
Orr pictures the role of politics as a âlong revolution.â We now need more than small teams and edge movements: we need large structures of action that year-in-and-year-out for decades do all the little and big things that need to be done for this huge transition.
Orr works through our core challenges with thorough analysis and inspiring description of practical options. He also continues to indicate the spirit courage and persistence it is going to take. He deals with sustainable democracy, ecological design, hotter cities, systemic thinking, a new agriculture, and much more.
Orr concludes his book with a description of the Oberlin Projectâa multi-committee, local project of community-renewal organized by Orr and others, in Orrâs Oberlin, Ohio home town. He pictures the kind of things that the co-pastors of future Christian Resurgence Circles might envision for their quality action in their local parishes of responsibility. Here is a quote taken from that final chapter:
We need people who make charity and civility the norm. We need more parks, farmersâ markets, bike trails, baseball teams, book groups, poetry readings, good coffee, conviviality, practical competence, and communities where the word âneighborâ is a verb, not a noun. We need people who know and love this place and see it whole and see it for what it can be. page 227Orr is also clear that we need people who lead the global level responses to the climate crisis, economic equity, democratization, campaign financing, racism, sexism, and more.
â¢ Gene Marshall has a long history of participation in Christian renewal and interreligious dialogue. In 1952 he made a decision to leave a mathematics career and attend seminary at Perkins School of Theology in Dallas, Texas. In 1962 he joined a religious order of families, the Order Ecumenical, and became a teacher and lecturer of Spirit topics.
|Pay Cash and Save!|| |
Canadaâs auto finance market is worth $120Billion annually. That means there are a lot of us that, for one reason or another, cannot afford to pay cash for a car purchase. Cost of living being what it is, it can be quite difficult to save up $30,000+ required to buy a new car outright. For a good late model used vehicle it can be the same story, with a total cost in excess of $20,000. Not many of us have that kind of cake just lying around and if we did, we probably would find better things to invest it in other than a new car (or at least I hope we would).
That puts many of us in a position where we need to borrow money to purchase a car and then pay that money back over a predetermined term. Breaking up the cost this way over time can make a car purchase more affordable since you only pay a small percentage of the overall price on a monthly basis (or whatever your payment frequency is).
There are some pitfalls to this though â the major one being negative equity. Also known as being upside down or underwater, negative equity is when your car is worth less than the remaining balance of your loan. If you have financed a new car in the last three to five years, chances are you owe more on the car than what you can expect to sell it for. Cars depreciate fast, and unless you applied a hefty down payment to your purchase, youâre going to experience some negative equity. And generally speaking, the longer the term of the loan (regardless of the interest rate), the more upside down on the vehicle you can expect to be.
This really isnât too big a deal if you plan on keeping a car for a very long time, especially beyond the term of the loan. By the time you go to sell the car (or scrap it), you wonât owe more than what itâs worth. At the very least, you can break even. However, if something comes up and you need to get rid of the car, it may be too cost prohibitive to make sense.
For instance, when I went back to school I was unable to apply for a Government sponsored student loan (and was therefore ineligible for a number of bursaries and scholarships) because I was deemed to have too many assets that I could potentially sell to finance my education. One of those âassetsâ was my car (another one was my house, but the thought of selling a house to become eligible for student debt is so ludicrous that Iâm not even going to go into it here). However, because I had only purchased the car a year ago, even if I had sold the vehicle for top dollar to the biggest sucker on the planet I still would have owed thousands to my lender. And this was at a 0% APR. Therefore, I calculated that even if I got the loan AND some of the bursaries I would have been eligible for because I was able to secure a loan, I likely wasnât going to recoup the costs of selling the car â let alone have any money left over to apply towards school.
Yeah, some asset that is. Thanks, OSAP.
So whatâs my point? Well, there is an alternative to going into debt for a new or late model used vehicle but itâs not for the faint of heart: buy an old car for cash.
There are tons of decent vehicles out there that are perfectly serviceable and will get the job done for a wide range of driving needs. Plus you can get them for less than the cost of a new sofa set.
Iâm referring to your late 1990s to early 2000s grandparent mobiles that can be picked up for a song and still have lots of life left in them. They have names like Oldsmobile, Pontiac and Mercury are often big, well maintained and beige. And, if you play your cards right, they will be the best financial decision you ever made.
Generally speaking, the cost of ownership is very low on these vehicles. Chances are you can buy it for less than $3000, your insurance costs will drop significantly and the parts will be cheap and plentiful. Over the course of a couple of years, if you add up the costs of new car ownership vs Grandmaâs beater ownership, you will likely find yourself ahead a few grand.
What if the car breaks down? So what? Every car breaks eventually. And letâs say youâve driven your newer car out of warranty. Youâll be on the hook for any repairs that car needs anyway, plus you may still have payments on top that. Youâll be stuck in a situation where you have to pay potentially thousands of dollars because youâll be so financially committed to the vehicle that you really have no other option. In a worst case scenario with a cheap car â i.e. the repair is way more than what your car is worth â you can just sell the car on to the next person and pocket a few hundred dollars. Best case scenario, you can get the parts cheap and do the work yourself.
What about maintenance costs? All cars need tires, brakes, hoses, spark plugs, fluids, suspension components and filters to keep them running happy and safely. Sure youâre older car will likely be at the stage in its life where it will be due for new examples of many of these components. Granted, this will cost more money on top of what you already paid for the car. It may even get you to that point where what you have into the car is more than what it is worth. However, remember that your financed vehicle will need many of these components replaced at some point as well. Will you still be dolling out regular payments when these maintenance items become due? Probably. Will you owe more on your car than what itâs worth AND have to pay more money to maintain it? Likely.
When you total it all up, would you rather be spending $1200 a year on maintaining and fixing a car you owe nothing on or paying $1200 a year on maintaining and fixing a car your spending thousands of dollars a year to repay? What are you out at the end of the year? What are you out after 5 years (or even as much as eight or nine years depending on the term of your loan)? Even if you have to go through a couple old cars in the same time you would have paid for a new car, you will still be further ahead in terms of money saved.
There is a downside to this though. You do need to have enough knowledge of the mechanical aspects of cars in order to be able to pick out the gems from the crud. It also helps if you are mechanically inclined enough to do as much work yourself as possible. This is time consuming and can be stressful if your car needs a repair and you need to be somewhere the next day. Therefore, this strategy is admittedly not the best idea for folks who commute to work every day and need to have the most reliable transportation possible. Statistically speaking, like any machine, new cars are generally more reliable than older cars.
Also, if you absolutely need to have the latest tech and gadgets you may never be satisfied driving an older car. Furthermore, newer cars are usually more fuel efficient and produce fewer emissions than older cars. So if youâre environmentally inclined, you will probably have some ethical concerns about driving an older car â then again, maybe the fact that youâre reusing an older car makes sense on that front given the resources required to produce a new car? Maybe you just like that new car smell?
There may be many reasons why an older car doesnât work for you. At the end of the day, you need to make the right decision for yourself. If you can swing it though, the financial rewards can considerable.
Finally, here are some tips Iâve used/wish I had used when checking out an older used car (or any car for that matter):
1. Low mileage isnât always an indicator of low cost. Lack of use can be just as bad as over use, especially for things like gaskets, electrical components and hoses. I bought a low mileage car that been sitting for a while and had to put more money in repairs than what I paid for it within the first 10 months. While this meant I got on good terms with the local mechanic, I really could have saved a ton of cash if I had just purchased something that had regular use and a little higher mileage. Personally, I aim for something in the 5,000 â 10,000 km a year range (about 3k-6k miles). Not over used and not neglected. And food for thought â how many miles do you think a poorly maintained car will last for? Itâs a good bet that high mileage car in clean condition has been well loved and properly maintained.
2. Be thorough in your inspection. Check the frame/sub frame, body panels, floors, trunk, doors and all seams for rust and rot. These may be obvious holes or subtle paint differences. Also, make sure the all of the body panels line up and have consistent gaps. If these things donât check out, it could be an indication that the car was in a collision at some point in its history. While this isnât necessarily the end of the world, you should be aware of it.
3. Check the brake and fuel lines. Replacing these could be big bucks, so make sure they are in good shape.
4. Make sure the tires are in good condition/match. Tires can be expensive to replace. If the car is otherwise perfect, a new set of tires is not going to break the bank. However, if there are other repairs required, the costs can add up.
5. Check to see all of the features of the car work (heat, AC, cruise, lights, etc.).
6. If the car has a scan port, bring a scanner with you to see if there are any MIL codes or if the test cycle is incomplete (which would indicate a code has recently been cleared). Again, depending on the code, not the end of the world, but all good things to know when buying.
7. Take the car for a drive. Make sure it runs well, there are no weird noises or fun colours of smoke coming out of the tail pipe (or other areas). Make sure the exhaust isnât blowing out of a hole somewhere in the system (especially the catalytic convertersâ¦ pipes and mufflers are cheap to replace, exhaust manifolds and cats are not). Make sure the car shifts smoothly. Make sure the brakes stop the car. Make sure the steering wheel steers the car. Keep an ear out for bumps and clunks in the suspension and differentials.
8. When driving the car do some hard acceleration and braking tests. See if there are any problems with the engine bogging down, the transmission responding to throttle input, dead spots in the power band, etc. Make sure the brakes donât fade quickly, that the ABS works (if so equipped), peddle feel is good, etc.
9. Do some steering tests to make sure the suspension and steering components are in good order. Go to an open parking lot or something and do some full lock turns both left and right. Then do some figure eights. Listen and feel for clunks, shudders and other anomalies. This could indicate that some suspension components are worn or broken and need replacing.
10. Research the car beforehand. In the age of the internet, thereâs no reason why you canât know pretty much everything there is to know about almost any car. Between online databases, YouTube videos, forums and consumer reviews, there is probably more information online about the car youâre interested in than you can ever read. Pay particular attention to the carâs trouble spots, how to do common repairs/maintenance and the cost/availability of parts.
While this isnât an exhaustive list it will certainly give you an idea of what to look for. And if at all possible, bring the car to a trusted mechanic to give it the once over. Theyâll be able to effectively advise you on the carâs overall condition, and likely for less than $100 (or the cost of a tow). Good piece of mind, I say.
To sum up:
1. New and late model used car loans can be financially debilitating.
2. Paying cash for an older car in good condition can save you thousands of dollars every year.
3. Do what makes sense for your situation.
4. Inspect and research any potential vehicle purchase.
|5 Mortgage Mistakes to Avoid When Looking For a Home Loan|
As much as you would derive satisfaction in owning a dream home, not everyone can afford to pay for his or her home upfront. A mortgage becomes the best alternative. It is usually a significant debt, making it quite necessary to think it through carefully and make only wise decisions in the process. Getting a mortgage broker is one way of ensuring that you get the best home loan and avoid costly financial mistakes. Some of the mistakes you should avoid when buying or investing in property include:
Mortgage mistakes to avoid
Getting a mortgage that you cannot afford
One common mistake when looking for a home loan is committing too much of income to theÂ mortgage. The result of this is that you will be left with insufficient amounts of money for other things such as saving for retirement, replacing old car, kidâs college fund and many others. You probably will not even be able to furnish the new house thatÂ you are getting. A general guide is to spend less than 28% of your income before tax.
Not factoring in the real cost of home ownership
First-time buyers may be so surprised by all the other expenses that come with owning a house. Such costs include regular maintenance and unglamorous purchases such as water heater. Property taxes may also affect the amount that you get to spend on your home. For some cases, you will need to factor in the insurance on the home as well. All these costs should be carefully considered and factored in when getting a mortgage.
Failing to shop around for the best mortgage
The number of lenders or mortgage agents has been increasing in the recent past. As such, they all offer different terms for different situations. Shopping around is the only way you can determine who offers the best deal for your particular case. Ensure that you get quotations from all the probable lenders and conduct a thorough comparison. Be careful as some lenders may advertise lower annual percentage rates, then make up for them in the fees charged. A good mortgage broker may help you access and analyze the best deal and its suitability for you.
Failing to make any down payments
To get the best rates from most lenders, you need to put at least 20% upfront payment. It may help you avoid paying for mortgage insurance, which usually protects the lender and not you. It also increases the amount of equity that you own in your home or reduce the amount that you owe the lender.…
The post 5 Mortgage Mistakes to Avoid When Looking For a Home Loan appeared first on The Yeson Finance Group.
|Security & Intelligence Services shares retreat after fairly decent start|| It was a fairly good start for debutant Security and Inteligence Services (India) Limited shares on the Indian bourses this morning. But the stock, after gaining about 8% early on, retreated and slipped below the IPO price of Rs 815, to trade around Rs 825.|
The stock is currently hovering around the IPO price of Rs 815.
On the National Stock Exchange, more than 6 million shares have changed hands so far at the SIS counter today. On BSE, the SIS counter has clocked a volume of around 9.26 lakh shares so far in the session.
The company, which came out with its IPO earlier this month, mobilised Rs 780 crore through the issue. The offer comprised of fresh issue of equity shares to the tune of Rs 362.25 crore and an offer for sale of up to 51.2 lakh equity shares, diluted by investors and promoters. The issue, with a price band of Rs 805 - 815 per share, was oversubscribed more than 7 times.
Security and Intelligence Services, which provides security services both in India and Australia with diverse solutions across the security spectrum, has a portfolio that includes security design and solutions, fire safety, event security, VIP protection, aviation security, emergency response, investigation work and integrated technology solutions providing man-tech solutions.
The company reported consolidated net profit of Rs 91.28 crore for the financial year ended March 2017, up 20.53% compared to the year-ago quarter. Net sales increased by about 19% to Rs 4567.09 crore in the financial year, over sales in the previous year.
|Triangle Invests in Passport Food Group|
Senior Debt and Equity Passport Food Group is a manufacturer and distributor of internationally flavored foods to chain restaurants across the U.S.
|Triangle Invests in RMP Group|
Subordinated Debt and Equity RMP Group is a leading healthcare revenue cycle management (RCM) company.
|Triangle Invests in Trademark Global|
Subordinated Debt and Equity Trademark is a distributor of consumer products through various e-commerce platforms.
|Triangle Invests in Native Maine|
Revolving Debt, Term Loan Debt and Equity Native Maine is an independent fresh foodservice distributor in the state of Maine.
|Triangle Invests in Aden & Anais|
Equity Aden & Anais designs and distributes baby wraps, swaddling blankets and other products for newborn babies.
|Triangle Invests in SCUF Gaming|
Unitranche Debt and Equity SCUF is the leading designer, manufacturer and e-commerce platform of sales of advanced feature, customized gaming controllers and accessories for use on PlayStation, Xbox and PC.
|Triangle Invests in Lakeview Health|
Unitranche Debt and Equity Lakeview Health is a provider of substance abuse treatment services.
|Triangle Invests in Fridababy|
Unitranche Debt and Equity Fridababy markets and distributes baby products.
|Triangle Invests in Del Real Foods|
Subordinated Debt and Equity Del Real Foods is a leading Hispanic refrigerated foods company.
|Triangle Invests In Vantage Mobility International|
$31.1 Million in Subordinated Debt and Equity VMI manufactures wheelchair accessible vehicles and related accessories.
The post Triangle Invests In Vantage Mobility International appeared first on Triangle Capital Corporation.
|Triangle Invests in Smile Brands Group|
$24.5 Million in Subordinated Debt and Equity Smile Brands is a dental service organization operating clinics in 17 states. Smile Brands provides general dentistry, dental hygiene and specialty services, as well as centralized scheduling, billing, marketing and financing for its …
|Triangle Invests in Travelpro Products, Inc. and TP-Holiday Group Limited|
$20.9 Million in Second Lien Debt and Equity Travelpro is a marketer and supplier of luggage, assorted bags, and travel accessories sold predominantly in the United States and Canada.
The post Triangle Invests in Travelpro Products, Inc. and TP-Holiday Group Limited appeared first on Triangle Capital Corporation.
|Triangle Invests in Halo Branded Solutions|
Subordinated Debt and Equity Halo is a supply chain service provider in the promotional products industry.
|Triangle Invests in Womenâs Marketing, Inc.|
$17.9 Million in Subordinated Debt and Equity Women’s Marketing is a full-service media strategy, planning and buying organization serving beauty, fashion, health, and food and beverage brands.
|Triangle Invests in Captek Softgel International, Inc.|
$16.5 Million in Subordinated Debt and Equity Captek is an integrated manufacturer, packager and marketer of custom designed soft gel nutraceutical products.
The post Triangle Invests in Captek Softgel International, Inc. appeared first on Triangle Capital Corporation.
|Triangle Invests in California Products Corporation|
$16.5 Million in Subordinated Debt and Equity California Products Corporation formulates and manufactures coatings for sports surfaces, coatings for specialty construction containment and paint products.
The post Triangle Invests in California Products Corporation appeared first on Triangle Capital Corporation.
|Triangle Invests in Baker Hill|
$15.0 Million in Second Lien Debt and Equity Baker Hill, previously a division of Experian Information Solutions, provides a suite of SaaS-based loan origination software solutions to small and mid-sized financial institutions.
|Triangle Invests in Centerfield Media|
Subordinated Debt and Equity Centerfield is a digital advertising technology company that is focused on real-time biddable media.
|Triangle Invests in Consolidated Lumber Company|
$23.5 Million in Unitranche Debt and Equity Consolidated Lumber is a leading provider of residential and commercial building and construction materials.
|Triangle Invests in Rotolo Consultants|
$10.3 Million in Second Lien Debt and Equity Rotolo is a leading provider of landscaping maintenance and construction services throughout the southern United States.
|Triangle Invests in All Metals|
$5.0 Million in Unitranche Debt and Equity All Metals is a toll processer and value-added distributor of steel for automotive, building products, appliance, lawn & garden, energy and other end markets.
|Triangle Invests in YumEarth|
$23.0 Million in Senior Debt and Equity YumEarth sells branded natural and organic snacks and candy products.
|Triangle Invests in Community Medical Group|
Subordinated Debt and Equity Community Medical Group operates primary care clinics.
|Triangle Invests in NB Products, Inc.|
$32.1 Million in Subordinated Debt and Equity NB Products is a designer and distributor of branded and private label products, primarily high-performance work apparel and accessories.
|Triangle Invests in Team Waste, LLC|
$5.0 Million in Preferred Equity Team Waste provides waste collection, disposal and recycling services.
|Triangle Invests in Nomacorc, LLC|
$22.0 Million in Subordinated Debt and Equity Nomacorc, a North Carolina based company, is the worldâs largest producer of synthetic wine corks. Nomacorc utilizes a patented co-extrusion process to produce synthetic corks that mimic the look and feel of natural …
|Triangle Invests in TGaS Advisors|
$11.6 Million in Unitranche Debt and Equity TGaS Advisors provides benchmarking services and other information advisory solutions to pharmaceutical companies.
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$24.5 Million in Subordinated Debt and Equity Orchid is a specialty underwriter of excess and surplus insurance for high-value properties in U.S. and Caribbean coastal regions.
|Triangle Invests in Halcyon Healthcare|
$15.5 Million in Unitranche Debt and Equity Halcyon, based in Atlanta, GA, is a provider of hospice services.
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$15.5 Million in Unitranche Debt and Equity Merlin RAMCo provides specialty staffing services to military and civilian offices to support manned and unmanned aircraft programs.
|Triangle Invests in PlayHaven|
$21.8 Million in Unitranche Debt and Equity PlayHaven provides technology to mobile game developers to intelligently manage player acquisition, engagement and monetization.
|Triangle Invests in Tateâs Bake Shop|
$11.0 Million in Subordinated Debt and Equity Tateâs is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States.
|Triangle Invests in The Cook & Boardman Group|
Subordinated Debt and Equity Investment The Cook & Boardman Group is a specialty distributor of commercial metal and wood doors, door frames, door hardware, and related products, including access control devices and specialty products.
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|Get The Home You've Always Wanted|
|Lockheed Invests in Nanosatellite Company Terran Orbital||Lockheed Martin‘s venture capital arm has made a strategic investment inÂ Terran Orbital as both companies aim to advance development of nanosatellite technology. Lockheed said ThursdayÂ it will obtain an equity stake in Irvine, California-based Terran as part of the cash and in-kind investment deal. The two companies previously worked to support multipleÂ Defense Department and NASA missions. […]|
|Coventry Homes and Plantation Homes Sponsor Habitat for Humanity Home|
Houston, TX – Employees of Coventry Homes and Plantation Homes started the new year with a long-standing company tradition — giving back to the community.
More than two dozen corporate employees donned jeans, heavy jackets, rain gear and hard hats Jan. 6 to spend the day building a Habitat for Humanity home. This is the third consecutive year the company has participated in the KPRC Habitat Home.
“Coventry Homes and Plantation Homes are once again honored to partner with KPRC Channel 2 and Houston Habitat for Humanity to help build a home for a deserving family,” said Gary Tesch, president of McGuyer Homebuilders, Inc., parent company of Coventry Homes and Plantation Homes. “The bad weather today didn’t keep our team away because they love being a part of this project. Since 1988, we have built over 50,000 homes for Texas families, and we take a tremendous amount of pride in that.”
Construction of the four-bedroom home got underway Tuesday in the parking lot of the KPRC Channel 2 studios when anchors, reporters, producers and other employees starting building the framework in the pre-dawn hours. Coventry Homes and Plantation Homes staff members followed on Wednesday, unloading and installing the finished frames, securing the frame to the foundation and attaching anchors and windstorm clips.
The home is being built in Harrel Park 2, a northeast Houston neighborhood being developed by Habitat for Humanity. The recipient selection process is new this year, with six approved families invited to participate in construction of the home. After the home is complete, one of the six families will be selected and will be able to move into the home immediately.
Qualifications to be a Habitat for Humanity beneficiary include annual income, current living conditions, an inadequate number of bedrooms for family members and safety concerns regarding current neighborhoods. Families must also contribute 300 hours of “sweat equity” toward the building of a Habitat home.
The Houston Habitat for Humanity organization has been active in the Houston area for 28 years, building 1,000 homes for approximately 4,000 low-income residents. More information can be found at www.houstonhabitat.org.
McGuyer Homebuilders, Inc., (MHI) is a major Houston-based homebuilder offering new homes in Houston, Dallas, Fort Worth, San Antonio and Austin under its signature brands Coventry Homes, Plantation Homes and Wilshire Homes. The company received the Humanitarian of the Year award for its extensive community outreach during the 2015 Houston’s Best PRISM Awards presented by the Greater Houston Builders Association. For more information, visit www.mcguyerhomebuilders.com.
This article originally appeared on www.mcguyerhomebuilders.com.
|Paper Trump hates analyses effect of Trump on US$ and equity mkt||From NYT’s Dealbook In the Age of Trump, the Dollar No Longer Seems a Sure Thing By PETER S. GOODMAN Long the ultimate safe haven in the global economy, the U.S. dollar may be losing some status as investors grapple with an uncertain political climate. And Financial markets areÂ reachingÂ new highs,Â and enthusiasm about the […]|
|11 Things We Learned This Week||This week, we learned â¦ â¦ what happens when disadvantaged students are told they live in a meritocracy. Read of the week. How do our educators integrate ideas of equity […]|
|Respect and Equity group shot||none|
|Accounting 500 1||
Beginning accounting, accounting principles, Financial statements, income statement, balance sheet, Cash flow, accounting equation, T accounts, assets, liability, equity, debits, credits, normal balance, internal users, external users, Owners equity, business structures, partnerships, corporations, revenue recognition, accrual, cash, adjusting entries, operating circle, perpetual inventory, periodic inventory, lifo, fifo, inventory josecintron.com, advance business consulting, jose cintron,MBA, mba4help.com. Beginning accounting, accounting principles, Financial statements, income statement, balance sheet, Cash flow, accounting equation, T accounts, assets, liability, equity, debits, credits, normal balance, internal users, external users, Owners equity, business structures, partnerships, corporations, revenue recognition, accrual, cash, adjusting entries, operating circle, perpetual inventory, periodic inventory, lifo, fifo, inventory josecintron.com, advance business consulting, jose cintron,MBA, mba4help.com.
|Accounting 500 2||
Sole proprietorship, Partnership, Corporations, stocks, stockholders, dividends, commons stocks, preferred stocks, market value stocks, issuance stocks, treasury stocks, stocks dividends, stocks splits, paid in capital, stock holder equity,treasury stocks, journal entries, cash flow, statement of cash flow, fraud, indirect method, direct method, internal control, cash control, segregation of duties, bank reconciliation, classification of cash, book value, market value, depreciation, depreciation methods, straight line depreciation, jose cintron,MBA Advance Business Consulting, Jose Cintron.com, mba4help.com, Sole proprietorship, Partnership, Corporations, stocks, stockholders, dividends, commons stocks, preferred stocks, market value stocks, issuance stocks, treasury stocks, stocks dividends, stocks splits, paid in capital, stock holder equity,treasury stocks, journal entries, cash flow, statement of cash flow, fraud, indirect method, direct method, internal control, cash control, segregation of duties, bank reconciliation, classification of cash, book value, market value, depreciation, depreciation methods, straight line depreciation, jose cintron,MBA Advance Business Consulting, Jose Cintron.com, mba4help.com
|HOW HEDGE âVULTURESâ CAN SEIZE CONTROL OF THE CO-OP BANK||How the Hedge âVultureâ Funds can Seize Control of the Co-op Bank
by Sean Boyle
The recapitalisation plan gives the âvulturesâ 45% of equity and the option to buy another[...]|
|Hetzen die GrÃ¼nen auch deshalb gegen die MÃ¤nnerbewegung? (Buchvorstellung)||Die Debatte Ã¼ber die schwarzen Listen, die die grÃ¼ne Heinrich-BÃ¶ll-Stiftung Ã¼ber Menschen angelegt hat, die nicht stramm feministisch sind, wirft mehrere Fragen auf: Warum lÃ¤sst sich die Genderfraktion inzwischen zu derart fragwÃ¼rdigen Attacken hinreiÃen, dass selbst Zeitungen des eigenen Lagers nicht mehr mitgehen wollen? Warum genÃ¼gt inzwischen das Frisieren von Wikipedia-Artiklen nicht mehr, in denen man jahrelang vÃ¶llig ungestÃ¶rt die MÃ¤nnerrechtsbewegung und ihre Aktivisten als Ausgeburten der HÃ¶lle darstellen konnte? Und warum kommt es gerade jetzt zu einer neuen Eskalationsstufe, bei der Linksliberale besinnungslos mit Rechtsradikalen in einen Topf geworfen werden? |
Vielleicht liegt der Grund dafÃ¼r schlicht in AngstbeiÃerei: Die Aggression entsteht aus Angst davor, im Genderbereich das Privileg der Alleinherrschaft zu verlieren, weil man gegenÃ¼ber neuen politischen Diskursen allzu ausgrenzend und verkrustet ist. Gerade in diesem Jahr haben sich mÃ¤nnerpolitische Graswurzel-NGOs wie die "IG Jungen, MÃ¤nner, VÃ¤ter" Zugang zu GesprÃ¤chen mit Vertretern des Familienministeriums verschafft und damit die ersten SprÃ¼nge in der "glÃ¤sernen Decke" fÃ¼r MÃ¤nneranliegen in der Politik erzeugt. Ãber die FDP kÃ¶nnten MÃ¤nnerrechtler schon in zwei Monaten einen dauerhaften ReprÃ¤sentanten im Bundestag haben. Dieselbe Instituionalisierung beginnt allmÃ¤hlich aber auch im akademischen Bereich, wo das Schmuddelkinder-Image fÃ¼r Maskulisten ebenfalls aufweicht. Das lÃ¤sst sich etwa daran aufzeigen, wie das Buch MÃ¤nner: Rollen und gute Orte des Psychologen und Familienberaters Christoph Hutter die MÃ¤nnerrechtsbewegung darstellt.
Bei diesem Buch freut es mich zunÃ¤chst einmal, dass darin nicht nur mein eigenes PlÃ¤doyer fÃ¼r eine linke MÃ¤nnerpolitik hÃ¤ufig zitiert wird, sondern auch die VerÃ¶ffentlichungen der Professoren Amendt und Hollstein, Dr. Matthias Stiehler, Dr. Peter DÃ¶ge, Dr. Christoph Kucklick, Dr. Heike Diefenbach, Johannes Meiners und Christine Bauer-Jelinek â sÃ¤mtlich Autoren, deren Gedanken und Analysen fÃ¼r die MÃ¤nnerrechtsbewegung von Bedeutung waren.
Das allmÃ¤hliche Herausbilden einer MÃ¤nnerpolitik in Deutschland schildert Hutter ab Seite 27 unter der Ãberschrift "Es gibt eine MÃ¤nnerbewegung, aber sie bleibt immer wieder stecken". Ein Auszug daraus:
Die Probleme, die bisher aufgezeigt wurden, bedÃ¼rfen dringend einer Antwort. Diese Antwort kann nicht individualisiert gegeben werden, sie muss von der Gesellschaft und der Politik formuliert und getragen werden, sie muss aber vor allem von MÃ¤nnern vorangetrieben werden. (...) Die gute Nachricht vorweg: Es gibt in Deutschland eine MÃ¤nnerbewegung, vielleicht prÃ¤ziser MÃ¤nnerbewegungen. Besucht man im Internet die Seiten von MANNdat (www.manndat.de), agens (www.agensev.de) oder VÃ¤teraufbruch fÃ¼r Kinder (www.vaeteraufbruch.de) â um nur drei Beispiele zu nennen â, so wird man sich schnell davon Ã¼berzeugen kÃ¶nnen, dass MÃ¤nner sich organisiert haben, um ihre eigene Situation zu reflektieren, um ihre BedÃ¼rfnisse zu artikulieren und um gesellschaftliche Forderungen durchzusetzen. Auch "vor Ort" in der psychosozialen Praxis von Jugendhilfe, Beratungsarbeit, Therapie und pÃ¤dagogischen Angeboten lassen sich Jungen- und MÃ¤nnerthemen kaum noch Ã¼bersehen. (...) Und doch teile ich die EinschÃ¤tzung von Arne Hoffmann (...), dass es heute eine starke Frauenbewegung, aber lediglich eine schwache, oftmals stille und wenig prÃ¤sente MÃ¤nnerbewegung gibt. MÃ¤nnerthemen werden manchmal offen, in grÃ¶Ãerem MaÃe aber unbewusst vermieden.
Um das zu verdeutlichen zitiert Hutter eine Passage aus meiner Rezension von Dr. Matthias Stiehlers Buch "Der MÃ¤nnerversteher".
Auf den Seiten 30 und 31 schreibt Hutter unter der Ãberschrift "Gesellschaftlich unerwÃ¼nschte Themen" folgendes:
Ein weiterer Faktor, der zu dieser langsamen Etablierung der MÃ¤nnerbewegung fÃ¼hrt, ist die Tatsache, dass die wirklichen MÃ¤nnerthemen nicht unwesentlichen gesellschaftlichen Gegenwind haben. So kommen Meiners und Bauer-Jelinek in ihrer Studie zum gesellschaftlichen Einfluss von Feminismus und Maskulismus zu der EinschÃ¤tzung, dass die Maskulisten "trotz groÃen Engagements [weit] von einer Realisierung ihrer Forderungen entfernt [sind]. Die mediale Wahrnehmung von MÃ¤nnerthemen ist noch gering oder Ã¼berwiegend negativ" (Meiners & Bauer-Jelinek 2014). Und in der Tat gibt es viele fÃ¼r MÃ¤nner wichtige Themen, die im gesellschaftlichen Diskurs entweder nicht wirklich interessieren oder aber nicht wirklich verstanden werden. Hier herrscht ein eklatanter Mangel in der Wahrnehmung mÃ¤nnlicher LebensrealitÃ¤t. (...) Das zustÃ¤ndige Ministerium ist seit Generationen fest in der Hand von Politikerinnen und es kÃ¼mmert sich, wie der Name des Ministeriums besagt, bis heute um "Familien, Senioren, Frauen und Jugendliche", aber eben deutlich weniger um die Belange der irgendwie mitgemeinten MÃ¤nner. Versuche von MÃ¤nnern, Recht und Politik in den Bereichen einzufordern, in denen MÃ¤nner benachteiligt sind oder wenig wahrgenommen werden (...), scheitern an einem unverstÃ¤ndlich hartnÃ¤ckigen und breiten Desinteresse von Politikerinnen und Politikern (gut dokumentiert sind solche Versuche auf der Seite www.manndat.de).
Hutter zufolge forderten MÃ¤nner inzwischen eine "Emanzipation 2.0" ein, die "systematisch die BedÃ¼rfnisse und Anliegen von MÃ¤nnern herauszuarbeiten und ihnen GehÃ¶r zu verschaffen" versucht.
Unter der Ãberschrift "Der Feminismus â oder: Wer oder was kritisiert die Patriarchatskritik?" kommt Hutter darauf zu sprechen, dass diese Ideologie MÃ¤nner mitunter "global zu TÃ¤tern stilisiert oder undifferenziert beschimpft und entwertet". Er erwÃ¤hnt auf Seite 46 mit Bezugnahme auf mein "PlÃ¤doyer" aber auch die leider noch sehr kleine Randgruppe der Equity-Feministen, die diesem Sexismus widersagen:
Sowohl in den SensibilitÃ¤t fÃ¼r die Bedeutung der Geschlechterrollen, als auch in dem Bestreben, soziale Gerechtigkeit jenseits einer Parteinahme fÃ¼r eine bestimmte Untergruppe einzufordern, sind Vertreterinnen des Equity-Feminismus willkommene GesprÃ¤chspartner fÃ¼r Maskulisten, die ihrerseits primÃ¤r Problemlagen und Diskriminierung von MÃ¤nnern in den Blick nehmen. Wichtig fÃ¼r jeden Dialog ist das gemeinsame Ziel politischer Gerechtigkeit und der unbedingte Verzicht darauf, eine andere Gruppe abzuwerten beziehungsweise sie zu missbrauchen, um die eigene IdentitÃ¤t oder Position zu stÃ¤rken.
SchlieÃlich kommt Hutter auf den Seiten 262 bis 264 seines Buches noch einmal eingehender auf das Thema "MÃ¤nnerpolitik" zu sprechen:
Arne Hoffmann (2014) weist in beeindruckend sachlicher, aber auch hartnÃ¤ckiger Manier darauf hin, dass es nicht genÃ¼gt, MÃ¤nnlichkeit und TÃ¤tigkeit im privaten Bereich positiv zu erschlieÃen. Die Verletzungen der MÃ¤nnerrolle, die in diesen Ãberlegungen aufgezeigt wurden, mÃ¼ssen ebenso wie die Suche nach guten MÃ¤nner-und VÃ¤terorten einen selbstverstÃ¤ndlichen Platz im politischen Diskurs bekommen. Fatalerweise gibt es bezÃ¼glich der Ã¶ffentlichen Thematisierung genderbedingter Ungleichheit aber eine massive Schieflage, die dazu fÃ¼hrt, das "Benachteiligung und soziale Problemlagen, von denen MÃ¤nner betroffen sind, weitgehend marginalisiert" werden (Hoffmann 2014, S. 13). Hoffmann arbeitet heraus, dass das Problem Ã¼ber ein bloÃes Vergessen mÃ¤nnlicher Anliegen weit hinausgeht. MÃ¤nnerthemen haben es schwer, politisches GehÃ¶r zu finden, weil MÃ¤nnlichkeit im politischen Raum mit Ideen von Macht, UnterdrÃ¼ckung und TÃ¤terschaft besetzt ist. Wo die Bundes-SPD in ihrem Grundsatzprogramm darauf drÃ¤ngt, die mÃ¤nnliche Gesellschaft zu Ã¼berwinden, um eine menschliche Gesellschaft erreichen, wo die Goslarer GrÃ¼nen in einem offenen Brief an die Gleichungsbeauftragte darauf hinweisen, dass es "nicht ihr politischer Wille" sei, "Benachteiligungen von MÃ¤nnern aufzuzeigen und zu beseitigen"und wo das Wort "Mann" in der politischen Linken "geradewegs einem Schimpfwort geworden" ist (Hoffmann 2014, S. 16), dort ist schwierig, Diskussionen Ã¼ber die Diskriminierung, Benachteiligung und Verunglimpfung von MÃ¤nnern zu fÃ¼hren.
Es ist offenkundig, dass das traditionelle Lager und dabei insbesondere die Partei der GrÃ¼nen fÃ¼r Jungen, VÃ¤ter und andere MÃ¤nner nichts Entsprechendes anzubieten hat. Es scheint dort auch eine groÃe Unlust zu herrschen, ein solches Angebot zu entwickeln und sich mit Vertretern der MÃ¤nnerrechtsbewegung wenigstens zu sondierenden GesprÃ¤chen zusammenzusetzen. Die Alternative besteht dort offenbar nur in einem erneuten, jetzt noch heftigeren Versuch der Diskreditierung. MÃ¤nnerrechtler sollen weiter mit dem Hautgout des radikal Rechten belegt und damit unberÃ¼hrbar gehalten werden.
DarÃ¼ber, warum Andreas von Kemper und Henning von Bargen sich fÃ¼r diese versuchte Diskreditierung hergeben, kann ich natÃ¼rlich nur spekulieren. Offen gesagt vermute ich biographische HintergrÃ¼nde. Allerdings hilft einem die Antwort auf diese Frage bei der angestrebten Sachdebatte genauso wenig weiter wie die Frage, wen ich in den 13 Jahren, die es Genderama inzwischen gibt, dort schon mal verlinkt habe. FÃ¼r GesprÃ¤che auf Sachebene muss man Menschen finden, die dazu bereit sind. Andreas Kemper und Henning von Bargen gehÃ¶ren Ã¶ffensichtlich nicht dazu.
Ãberdeutlich ist, dass der grÃ¼ne Genderpranger genau jenen Zielen entgegenarbeitet, die Hutter als so ungemein wichtig kenntlich gemacht hat. Er treibt die DÃ¤monisierung der MÃ¤nnerrechtsszene und die Spaltung der Lager mit Eifer voran. Profitieren dÃ¼rfte davon auÃer denen, die fÃ¼r dieses Cybermobbing bezahlt werden, kaum jemand. Die GrÃ¼nen und ihre Stiftung haben sich mit diesem Pranger breitflÃ¤chig blamiert; das Zusammenfinden zu einer konstruktiven Sachdebatte ist einmal mehr torpediert worden. Gewinn bringt dieser Pranger nur jenen, denen das Verhindern einer Sachdebatte nutzt.
|Gehen schwarze Nazi-Soldatinnen nicht doch ein bisschen weit? â News vom 22. Juli 2017||1. Immer wieder war in diesem Blog Thema, wie unser Rechtsystem MÃ¤nner fÃ¼r dasselbe Vergehen hÃ¤rter bestraft als Frauen. Aber selten wird dies anhand eines konkreten Falls so plastisch: Ein PÃ¤rchen hat Sex auf einem Alsterdampfer und muss nun wegen "Erregung Ã¶ffentlichen Ãrgernisses" insgesamt 2600 Euro Strafe zahlen. Und zwar der Mann 2100 Euro und die Frau 500 Euro. Warum? Weil die Frau gerade Mutter geworden ist und auf die Richterin einen "ganz vernÃ¼nftigen Eindruck" machte. |
2. Zwei Nachrichten aus den USA, die Genderama vor einigen Tagen meldete, werden inzwischen auch in deutschsprachigen Leitmedien erwÃ¤hnt.
"Keine Vergewaltigung auf der Matratze" titelt "Die Zeit" zum Fall Paul NungeÃer aus Berlin und Emma Sulkowicz.
Dazu, dass die Erziehungsministerin der USA auch Gruppen einlud, die faire Verfahren fÃ¼r Beschuldigte sexueller Gewalt fordern, fÃ¤llt der "SÃ¼ddeutschen" in ihrem unnachahmlichem Stil natÃ¼rlich nur folgende Ãberschrift ein: "Trumps Bildungsministerin verunsichert Opfer sexueller Gewalt".
Ãber eine derartige Idiotie ist selbst die feministische New York Times inzwischen hinaus. "Betsy DeVos Is Right: Sexual Assault Policy Is Broken" betitelt das Blatt einen Artikel der mÃ¤nnerfreundlichen Equity-Feministin Cathy Young. Und der Boston Globe ist in seiner Schlagzeile nicht weniger deutlich: "Will Betsy DeVos fix Obamaâs toxic campus sexual assault policy?"
3. In einem Urteil, das als "wegweisend" bezeichnet wird, hat das Oberste Gericht Israels gerade ein MÃ¤nner diskriminierendes Gesetz gekippt: Jetzt mÃ¼ssen auch Frauen Unterhalt fÃ¼r Kinder zahlen. Zumindest wenn die Kinder im Alter zwischen 6 und 15 Jahren sind und ihre Mutter mehr verdient als ihr Vater.
4. Die Post. Einer meiner Leser schreibt mir zu den Schwarzen Listen, die die GrÃ¼nen Ã¼ber Feminismuskritiker angelegt haben: "Ein solcher Pranger existierte ja schon des Ã¶fteren. Das kann tatsÃ¤chlich Konsequenzen haben, wenn auch anders als vom Betreiber beabsichtigt. Als Ex-Hannoveraner bin ich vor einigen Jahren Ã¼ber diese KuriositÃ¤t gestolpert:
Die Geschichte der Sammlung Sprengel beginnt im SpÃ¤tsommer 1937 unter den seltsamsten und denkwÃ¼rdigsten UmstÃ¤nden, die je einen Sammler zum Sammeln motiviert haben, Bernhard Sprengel besuchte in MÃ¼nchen die Ausstellung "Entartete Kunst", mit der die Machthaber des Dritten Reichs die moderne Kunst dem Spott und Hohn der Masse Ã¼berantworten wollten, indem sie die aus den deutschen Museen geraubten Werke der Ãffentlichkeit ... prÃ¤sentierten. "Trotz schlechter HÃ¤ngung wirkte die 'Entartete Kunst' auf meine Frau und mich wie eine Fanfare. FÃ¼r mich, der ich bisher nur der Musik wirklich verhaftet war und bildende Kunst mehr im VorÃ¼bergehen ... betrachtet hatte, war dieses die erste wirklich zÃ¼ndende Begegnung. So fÃ¼hrte unser Weg fast zwangslÃ¤ufig zu GÃ¼nther Franke in der Brienner StraÃe, der uns im âHinterstÃ¼bchenâ die ersten beiden Aquarelle von Emil Nolde verkaufte."
"Parallelen zu Agent*in mÃ¶glich?" fragt mein Leser. "Ich wÃ¼rde es den Machern wÃ¼nschen."
Ein anderer Leser macht mich darauf aufmerksam, dass der ebenfalls auf diesen Schwarzen Listen gefÃ¼hrte Professor Aigner anscheinend selbst Mitglied der GrÃ¼nen ist. Der feministische Verfolgungseifer erwischt einmal mehr die eigenen Leute â wÃ¤hrend er dem tatsÃ¤chlichen politischen Gegner nur hilft, wie Lucas Schoppe anmerkt:
Diese Plattform richtet sich gegen demokratische Akteure von links bis konservativ, weil es nur denen schaden kann, mit Rechtsradikalen in einen Topf geworfen zu werden. Den Typen vom rechten Rand hingegen wird eine solche Gemeinsamkeit eher nÃ¼tzen â was die Verantwortlichen der Plattform billigend in kauf nehmen. Die EinschÃ¼chterung demokratischer Kritiker ist ihnen offenbar wichtiger als eine gemeinsame Kritik von RechtsauÃen-Positionen.
Und auf Facebook teilt Milosz Matuschek der Heinrich-BÃ¶ll-Stiftung mit:
Eine Prangerseite ist einer politischen Stiftung nicht wÃ¼rdig, schon gar nicht, wenn sie nach einem Mann benannt ist, der Dissidenten bei sich aufnahm. Bereue gerade nicht, bei euch als Vertrauensdozent aufgehÃ¶rt zu haben.
Matuschek hat Recht. Heinrich BÃ¶ll war eines meiner Themen im mÃ¼ndlichen Examen. Er trat immer wieder fÃ¼r die politisch Ausgegrenzten ein. Und deshalb wÃ¼rde er sich im Grab herumdrehen, wenn er wÃ¼sste, was eine nach ihm benannte Stiftung heute fabriziert.
5. Mehr Post. Ein anderer Leser bezieht sich auf eine Meldung Ã¼ber einen "sexistischen" Werbespot der Firma Audi, der in China fÃ¼r einen Aufschrei sorgte, und merkt dazu an:
Inhalt des Spots: Kurz bevor sich ein Brautpaar das Ja-Wort gibt, stÃ¼rmt die kÃ¼nftige Schwiegermutter der Braut nach vorne und begutachtet (wie auf einem Viehmarkt) das Gebiss der Frau, die Ohren, die Nase. Kurzzeitig scheint sie zufriedengestellt, da fÃ¤llt ihr Blick auf das Dekollete und der Zuschauer kann erahnen, was jetzt folgen wÃ¼rde, wenn nicht ein Schnitt erfolgte und es dann um Autos ginge.
6. Ein weiterer Leser kommentiert die auf Genderama verlinkte Satiremeldung, der zufolge Christopher Nolan dafÃ¼r kritisiert worden sei, bei seiner Verfilmung der Schlacht um DÃ¼nkirchen nur weiÃe MÃ¤nner zu zeigen:
Bei deiner heutigen Presseschau konnte ich bei dem Beitrag Ã¼ber zu wenige Frauen in DÃ¼nkirchen nicht soo sehr schmunzeln.
Wie man Ã¼ber das verlinkte Youtube-Video erfÃ¤hrt, kann man bei "Call of Duty" hingegen jetzt auch schwarze Frauen als Soldatinnen der nationalsozialistischen Armee spielen. Wegen "Diversity" und so.
"ScheiÃ auf den Realismus, wir fÃ¼gen Soldatinnen hinzu, weil das lÃ¤ngst Ã¼berfÃ¤llig ist", hatte die Spieleentwicklerin Amandine Coget schon vor einem Jahr dazu erklÃ¤rt.
Mein Leser kommentiert weiter:
Nun also treibt man das ins Extreme. Es ist ja nicht so, dass hier Alternate-Reality-Spiele verkauft werden. Dann kÃ¶nnte man ja ein Auge zudrÃ¼cken.
WÃ¤hrend sie das tatsÃ¤chliche Verrecken an der Front noch immer weit Ã¼berwiegend den "unterdrÃ¼ckerischen" MÃ¤nnern Ã¼berlassen, fordern Feministinnen, dass sie im harmlosen Spiel die PlÃ¤tze dieser MÃ¤nner einnehmen dÃ¼rfen, "weil das lÃ¤ngst Ã¼berfÃ¤llig ist". Viel schÃ¶ner kann man eigentlich nicht ausdrÃ¼cken, was eine feministische Geisteshaltung heutzutage ausmacht.
|EmpÃ¶rung Ã¼ber Schwarze Listen der GrÃ¼nen wÃ¤chst â News vom 20. Juli 2017||1. Nach der ausfÃ¼hrlichen Analyse auf Genderama Ã¤uÃerten gestern auch eine Reihe anderer Blogs ihre EmpÃ¶rung Ã¼ber die Schwarzen Listen, die Hening von Bargen, Andreas Kemper und Elisabeth Tuider fÃ¼r einen Online-Pranger der Heinrich-BÃ¶ll-Stiftung (GrÃ¼ne) angelegt haben. |
Der Blogger Stefanolix erinnert in einem insgesamt lesenswerten Beitrag zunÃ¤chst daran, dass vor nicht allzu langer Zeit schon einmal eine Liste, die "anrÃ¼chige rechte Websites mit bÃ¼rgerlich-konservativen Medien in Verbindung" brachte, vom Netz genommen wurde, "weil sie gar zu perfide war". Danach erlÃ¤utert Stefanolix, wie die Verantwortlichen des grÃ¼nen Internet-Prangers aktuell mit dem liberalen Journalisten Harald Martenstein vorgegangen sind:
Die "ehrenamtlichen Autor*innen" haben aus einem alten Stand des Wikipedia-Artikels zu Martenstein selektiv alles kopiert, was GEGEN Martenstein sprechen kÃ¶nnte. (...) Es wurde konsequent alles weggelassen, was FÃR Martenstein sprechen kÃ¶nnte: positive Meinungen, Auszeichnungen, Publikationen.
Auf der Website "Tichys Einblick" kritisiert Alexander Wallasch die "grÃ¼nen RufmÃ¶rder" und ihre "faschistoid anmutende Schweinerei aus dem SchmuckkÃ¤stchen dieses neuen deutschen Denunziantentums nach altbekannten Mustern". Auch dieser Artikel ist in GÃ¤nze lesenswert. Ein Auszug:
Ziel ist es offensichtlich, Personen, die den Machern durch von ihnen selbst behauptete "Angriffe gegen Feminismus, Gleichstellungspolitik, sexuelle Selbstbestimmung, gleichgeschlechtliche Lebensweisen und Geschlechterforschung" auffallen, durch Verzerrung und konjunktivistische Unterstellungen unter dem Mantel eines seriÃ¶s wirkenden Wikipedia-Klons zu diskreditieren, fÃ¼r die Debatte unglaubwÃ¼rdig zu machen, als Stimmen im Ã¶ffentlichen Diskurs auf Dauer auf stumm zu schalten. (...) NatÃ¼rlich tauchen auf der neuen Seite Personen mit mehr als fragwÃ¼rdigen Ansichten auf, aber man nutzt diese Randfiguren um den Versuch zu unternehmen, sich unliebsamer weiterer Debattenteilnehmer zu entledigen.
Wallasch wÃ¤hlt den Umgang des Prangers mit Birgit Kelle als Beispiel:
SchÃ¶n auch SÃ¤tze wie dieser hier: "Birgit Kelle scheint enge Kontakte zu den LegionÃ¤ren Christi zu haben." "Scheint" ist das neue "ist". Man behauptet, was man nicht weiÃ und bettet es ein in Scheinwissen unter dem Deckmantel eines Wikipedi-Fake-Auftritts.
Im Anschluss an seine Analyse hat Wallasch eine Reihe von Tweets zusammengestellt, mit denen bekannte Journalisten auf diese WiderwÃ¤rtigkeit reagieren.
Und schlieÃlich widmet sich der Gymnasiallehrer und Blogger Lucas Schoppe dem grÃ¼nen Pranger:
Ein ganzes Lexikon also fÃ¼r die Kritik der Kritik an feministischen Positionen. Warum ist das nÃ¶tig? FÃ¼r viele Menschen ist das Thema Feminismus nicht sonderlich relevant, und auch wenn immer wieder Kritik an bestimmten feministischen Positionen geÃ¤uÃert wird: Warum sollte diese Kritik weniger legitim sein als die an anderen politischen Positionen? Wir wÃ¼rden schlieÃlich auch niemanden als "Antiliberalen" bezeichnen, nur weil er Vorstellungen der FDP kritisiert, oder Merkel-Kritiker als "Antichristdemokraten", oder gar als "Antichristen".
Der aktuellsten Umfrage zur Bundestagswahl zufolge hat Schwarz-Gelb Ã¼brigens inzwischen eine regierungsfÃ¤hige Mehrheit. Daran haben nicht zuletzt die GrÃ¼nen emsig gearbeitet.
Wir machen weiter mit genau jener Presseschau, mit der sich Genderama den denunziatorischen Hass des Genderlagers erarbeitet hat:
2. Das vor allem von der damaligen Frauenministerin Schwesig (SPD) durchgedrÃ¼ckte, verschÃ¤rfte Sexualstrafrecht wurde von Genderama immer wieder kritisiert â auch mit dem Hinweis darauf, dass dieses Gesetz im Schnellschuss verabschiedet wurde, ohne die Ergebnisse der dafÃ¼r eingesetzten Expertenkommission abzuwarten. Jetzt liegt dieser Abschlussbericht vor, und er ist so vernichtend, wie man das erwarten durfte:
Die Experten bedauern, "dass die Ãnderungen in groÃer Eile herbeigefÃ¼hrt" wurden. Der Paragraf 177 im Strafgesetzbuch â sexuelle Ãbergriffe, sexuelle NÃ¶tigung und Vergewaltigung â sei "Ã¼berfrachtet" und entspreche nicht "den rechtsfÃ¶rmlichen Vorgaben einer guten Gesetzgebung". Die NÃ¶tigungs- und ÃbergriffstatbestÃ¤nde sollten besser separat behandelt und die Praxis der "Nein-heiÃt-Nein"-LÃ¶sung kritisch begutachtet werden. Noch hÃ¤rter ins Gericht geht die Kommission mit dem neu geschaffenen Paragrafen, der Straftaten aus Gruppen ahnden soll.
Die Experten empfehlen deshalb eine "Reform der Reform".
3. Wie die Ostsee-Zeitung berichtet, verhandelt das Landesverfassungsgericht Mecklenburg-Vorpommern heute Ã¼ber die Verfassungsbeschwerde eines Beamten, der sich durch das Landesgleichstellungsgesetz benachteiligt sieht:
Der Mitarbeiter des BÃ¼rgerbeauftragten des Landes kritisiert, dass nur weibliche BeschÃ¤ftigte aus ihrem Kreis eine Gleichstellungsbeauftragte wÃ¤hlen dÃ¼rfen. Dies verstÃ¶Ãt seiner Meinung nach gegen das Grundgesetz und die Landesverfassung, die die Gleichstellung von Frau und Mann garantierten.
Laut einer anscheinend noch unverÃ¶ffentlichten, ausfÃ¼hrlichen Agenturmeldung, die mir zugespielt wurde, ist ein Urteil auf diese Klage noch nicht zu erwarten. Die Meldung zitiert den Linken-Landtagsabgeordneten Peter Ritter mit folgenden Worten: "Ich finde es fatal, MÃ¤nnern dieses Wahlrecht zu versagen." Die Regierungsparteien CDU und SPD hielten aber an der aktuellen Regelung fest. So argumentiere die CDU-Politikerin Maika Friemann-Jennert, es gebe noch immer strukturelle Benachteiligung der Frauen und es sei ihr Wunsch, dass sie allein die Gleichstellungsbeauftragten wÃ¤hlen
4. Nur mal zur Auflockerung zwischendurch: Was macht eigentlich mittlerweile Lann Hornscheidt?
5. In den letzten Jahren wurde immer wieder mal darauf hingewiesen, dass Herzerkrankungen bei Frauen unter- oder spÃ¤tdiagnostiziert seien, was (natÃ¼rlich) mit einer Diskriminierung durch Mediziner in Verbindung gebracht wurde. Jetzt zeigt sich: Frauen achten weniger auf ihr Herz â "und zwar nicht nur bei der Vorsorge, sondern auch im Notfall". Insofern liegt der Grund fÃ¼r eine spÃ¤te Diagnose weniger in einer patriarchalen UnterdrÃ¼ckung als im Verhalten von Frauen selbst:
Bei einem akuten Herzinfarkt beispielsweise, bei dem jede Minute zÃ¤hlt, rufen Frauen im Schnitt eine Stunde spÃ¤ter Hilfe als MÃ¤nner. Und liegen damit um eine Stunde spÃ¤ter auf dem Operationstisch. "Aus fÃ¼r mich nicht ganz nachvollziehbaren GrÃ¼nden", sagt Andrea Podczeck-Schweighofer.
6. In GroÃbritannien sorgt die Entscheidung, Jungen von der Impfung gegen krebserregende HPV-Viren auszunehmenn, fÃ¼r Kritik. Die BBC berichtet.
7. Erneut belegt eine aktuelle Untersuchung, dass MÃ¤nner genauso hÃ¤ufig online belÃ¤stigt werden wie Frauen. FÃ¼r das liberale Magazin Reason legt die Equity-Feministin Cathy Young einen wie bei ihr Ã¼blich ausgesprochen gelungenen Artikel Ã¼ber diese Studie vor:
A new study released by the Pew Research Center supports what some of us have argued all along about online harassment: that it affects men as much as women and that the problem should not be framed as a gender issue â or defined so broadly as to chill legitimate criticism.
MÃ¤nner scheinen im Schnitt einfach hÃ¤rter im Nehmen zu sein als Frauen:
56 percent of men opted for more freedom, two-thirds of women for more safety. (...) It is (...) likely that women's views of the issue are influenced by the false perception that women are singled out for constant and vicious abuse on the internet.
8. Das Magazin Reason wendet sich auch gegen die Polemik der Feministin Jessica Valenti, der zufolge die Bildungsministerin der USA sich mit "rape deniers" aus der antifeministischen Szene getroffen habe, und stellt klar, dass es in Wahrheit um den Schutz gegen Falschbeschuldigungen und die Rechte von Angelagten gehe. In Ã¤hnlicher Weise Ã¤uÃert sich die Journalistin Ashe Schow:
A good way to tell if the Left currently believes one of their beloved policies will disappear is how viciously they write about the potential change. In this case, theyâre trying to smear people who believe those accused of heinous crimes should be able to defend themselves as somehow supporting the heinous crime. That is where we are in society.
Ich lasse den letzten Satz mal ein wenig sinken â gerade mit Blick auf die aktuellen Attacken der Heinrich-BÃ¶ll-Stiftung.
Donald Trump is one of the least popular politicians in the history of the United States. Yet, Trump is still more popular than Hillary Clinton. Let that sink in.
Der feministische Guardian berichtet â und verabschiedet sich dabei von dem Mythos, der Grund fÃ¼r Clintons schlechtes Image lÃ¤ge vor allem in Sexismus und der VerschwÃ¶rung der radikalen Rechten.
Christopher Nolanâs recent return to the director chair has blown away historians with his epic recount of the most remarkable stories of WWII â the evacuation of hundreds of thousands of Allied soldiers from the beaches of northern France â Dunkirk.
Hier geht es weiter mit der herrlichen Satire.
11. Ganz herzlichen Dank fÃ¼r die UnterstÃ¼tzung meines Blogs durch die Spenden der letzten Tage â vor allem an einen ganz bestimmten Spender, der mit Sicherheit ahnt, dass er gemeint ist. :-)
|Housing Recovery||Home equity vs mortgage debt is about to flip back to the good side. Of course, this is on a net basis, so a lot of people are still underwater – 6.3 million according to one estimate (13% of mortgages). This map is missing a proper label for the legend (sigh) but it is apparently […]|
|Pearson Invests $89.5 Million In Nook Media, After Disappointing Holiday|
Nook Media--the entity formed in 2012 that owns Barnes & Noble's Nook business and their college bookstores--has its second major strategic investor, joining Microsoft: As of December 21 Pearson agreed to invest $89.5 in cash for a 5 percent equity stake. The bookseller paired an announcement about that investment with a preview of holiday sales that indicates "results will be below expectations" and Nook in particular will not meet their previous projections for the fiscal year.
Perhaps because of that performance, Pearson is buying in to Nook Media at essentially the same the valuation given to the company when Microsoft paid $300 million for a 17.6 percent stake (which was $1.7 billion) plus the value of Pearson's cash, for a "post-money valuation of approximately $1.789 billion." That leaves Barnes & Noble with a 78.2 percent share and Microsoft with a 16.8 percent stake in Nook Media. Pearson also will get warrants to purchase up to an additional five percent "under certain conditions," at the same valuation. Perhaps just as importantly, "at closing, Nook Media and Pearson will be also entering into a commercial agreement with respect to distributing Pearson content in connection with this strategic investment." (No further details are provided; that likely refers primarily to digital textbooks, but could also apply to print textbooks through the BN College stores.)
News of this new partnership, however, is balanced by a warning of weaker than expected performance over the holidays, for Nook in particular and potentially the entire Barnes & Noble business. The warning was contained in the company's SEC filing about the investment, but was not mentioned in the press release: It says they will announce holiday sales on January 3 and "based on preliminary sales results to date in the holiday period and sales trends, the company expects its holiday sales results will be below expectations and that the Nook business will not meet the company's prior projection for fiscal year 2013." When BN reportedquarterly earnings in late November, Nook segment sales of $160 million were well below analysts expectations of $191 million and raised fresh concerns about the growth trajectory of the Nook business in the face of intensifying competition.
With the Pearson alliance you see the value and intention of pairing the college bookstores with the digital reading business--which has significant potential when allied with the world's largest textbook publisher. (And yes, this investment is about the core business that drives Pearson, rather than the trade publishing interest in Penguin that is slated to become part of a jointly-owned company with Bertelsmann.) Pearson North America ceo Will Ethridge says in the announcement, "With this investment we have entered into a commercial agreement with Nook Media that will allow our two companies to work closely together in order to create a more seamless and effective experience for students. It is another example of our strategy of making our content and services broadly available to students and faculty through a wide range of distribution partners."
Barnes & Noble ceo William Lynch adds in the release, "We welcome their partnership in Nook Media, and look forward to working with them and Microsoft to deliver great digital experiences for our shared customers." Pearson shares were down slightly in early trading in London Friday morning. While the investment has significant strategic potential for both partners, it's a small sum for Pearson (just as Microsoft's investment was small for them).
After a steady decline since early December, Barnes & Noble's shares moved higher in early trading, up oer $1 a share in the first hour--though as we noted, the disappointing holiday forecast was not highlighted in the press release. And even with that movement, investors still value the bookseller far less than the partners in Nook Media--Barnes & Noble says its stake in that entity alone is still worth $1.4 billion, but the parent company's entire market capitalization remains about $900 million.
|A Message to the Campus Community|
Cleveland State University values diversity, inclusion and its proud history of making our campus welcoming to everyone. Diversity of backgrounds, experiences and viewpoints on campus strengthens the intellectual life of our institution, enhances academic innovation and enables us to produce better leaders. Transgender students, staff, faculty and colleagues are a valued contribution to our campus.
CSU is committed to supporting and protecting transgender people on campus. Among other things, this commitment means that members of our community are free to use a restroom that aligns with their gender identity. Gender identity, gender expression and sexual orientation are all protected under the Universityâs Discrimination/Harassment Policy. The CSU Office for Institutional Equity (OIE) vigorously enforces this Policy by investigating and resolving complaints of unlawful discrimination, harassment and sexual violence. Information about OIE can be found here:Â http://www.csuohio.edu/institutional-equity/institutional-equity. OIE is located in Room 236 of the Administration Center, 2300 Euclid Avenue, and can be reached by telephone at: 216-687-2223.
CSU campus partners work to ensure that our community fosters safety, civility and respect, and support, including through counseling and confidential resources, those in need. A list of these partners is available here:Â http://www.csuohio.edu/titleix/sexual-violence-resources.
|The Next (Budget) Generation: Performance-Based Financing at Bayalpata Hospital|
Nyaya Health has always believed in working with the government of Nepal to achieve its goals. While individual donors have made up the bulk of Nyaya Health's financial assets, the Nepalese government has invested $35,000 per year since 2010 and recent budget negotiations have looked to increase government investment to $100,000 a year and more in the coming years.
The idea for a new contract with the government, due to take effect mid-July, began when the Nepali Ministry of Health approached Nyaya Health to propose a pilot program for future funding of private-public partnerships in Nepal. For this year's contract, Nyaya Health's assets from the government will be dependent on the organization's performance on certain metrics. If Nyaya meets their targeted metrics, then they will receive increased funding the next cycle, but if they don't, their funding from the government will be cut by 20%. Performance based financing for NGOs has been tried in places such as Rwanda and Nicaragua, but this is the first attempt to implement performance based financing in Nepal and focus on outcome-based funding for health organizations.
Nyaya is responsible for formulating 40% of the metrics it will be judged on, and it has focused on measurable outcome-based metrics that will hopefully result in meaningful improvement in both quality and equity of healthcare delivery. For example, one of the metrics Nyaya chose to be measured on is the institutional delivery rate for pregnant women. Nyaya works with many health posts in the region which serve as birthing centers for pregnant women to come in and deliver their babies. However, the birthing centers are often so shabby that expectant mothers choose not to come in to deliver. The performance based financing metric, which funding will be partially based, requires Bayalpata Hospital and the health posts in the region to serve a certain portion of the expected deliveries in the region, and so the hope is that the birthing centers will improve their quality once their financial status is linked to their performance.
Of course, there will be challenges. Performance-based financing relies heavily on the quality of data collection, which, if self-reported, may not always be trustworthy. Thatâs why Nyaya has attempted to use metrics that can be independently verified, in order to demonstrate that improvement of performance has to be real, and not just an inflated figures on government reports.
The challenges are real, but so are the potential benefits. Itâs about a change in mindset. Rather than saying, "we need $100,000 to improve our birthing center", performance-based financing says, "we need $100,000 to improve the rate of institutional births in our region to reduce maternal mortality, which we will accomplish by improving our birthing center". It's about paying for results, and depending on how the pilot program with Nyaya goes, it could mark a major shift in NGO funding strategies in Nepal.
|Light on the Hill|
"For if Tufts College is to be a source of illumination, as a beacon standing on a hill, where its light cannot be hidden, its influence will naturally work like all light; it will be diffusive."
~Hosea Ballou , Tuftsâ first president
As our jeep wound through Achham, we kept glancing back at the light on the hill. The floodlights of the hospital that has been our home for the past two months are a visible sign of hope â hope that the patients might live another day, hope that they might have a better life, hope that our generation can do something to combat the injustices in the world.
Nyaya combats these injustices every day with clear, tangible results. One of the organizational values we appreciate most about Nyaya is the constant focus on the purpose of using resources and on the outcome of our actions for the people of Achham. Itâs not simply a consideration of return on investment â itâs a moral responsibility for each of us working to achieve global health equity and it is active citizenship at its best.
Active citizenship is a process that requires pragmatic solidarity â the commitment and actual actions of working as partners towards shared goals. The solidarity component of this equation is clear: Our shared goals focus on the concepts of health as a human right, public goods for public health, and health as an investment for economic development. These goals are interrelated and at times indistinguishable. A common thread throughout each of these is the inescapable complexity and the need for multi-sectoral solutions.
The pragmatic component is the more difficult as it calls into question the sustainability of running a hospital that provides an entire, impoverished region with 100% free medical care. Nyaya Health provides the structure that facilitates actual accountable progress, the front-line care that addresses at least one of the fundamental inequities the people of Achham face, and the persistent hope that we can achieve our goals. Ultimately, however, the question is turned to you â our friends and our allies â to ensure that the light on the hill remains alive.
|Stock Market Basics What Are Stocks||If we were to define what a stock actually is its fair to say that it is a share in the ownership of a company The more shares you own the greater the stake is in the company The terms equity stock or shares all mean the same thing You have a claim on the company s assets and earnings Before you start making big plans ..|
|Equity Value, Enterprise Value, and Valuation Multiples â Sample Technical Guide and Excel Files|
In this guide and the accompanying Excel files, youâll learn what Equity Value and Enterprise Value REALLY mean, and why every other guide is wrong about them â youâll also learn how to explain the impact of capital structure changes, which valuation metrics and multiples are best for different situations, and more.
|The Dynamic Learning Project: helping deliver on the promise of tech in the classroom|
When it comes to schools, bridging the âdigital divideâ means more than providing access. While that gap isnât yet closed, thereâs another emerging equity imbalance that goes beyond computers or connectivity. This âsecond-level digital divideâ is fueled by major differences in how effectively that technology is being used for teaching and learning. And itâs especially pronounced in low-income schools, where teachers face a significant disadvantage when it comes to training and professional development. Closing this divide means equipping educators with the skills and tools they need to effectively integrate technology in their classrooms. Thatâs why weâre launching the Dynamic Learning Project, a new pilot thatâs part of our ongoing commitment to ensure that the benefits of technology are truly reaching every classroom.
Research suggests that coaching has a positive impact on teacher practices and student outcomes. So to start, weâre providing a $6.5 million grant to Digital Promise through Google.org in order to launch a pilot that will support full-time coaches at 50 underserved middle schools in five diverse regions across the U.S. These coaches will provide personalized support to help educators learn about technology and use it in their classroom in transformative ways. To set schools up for success, each will receive mentoring support and ongoing professional development from experts at EdTechTeam.Â Theyâll also participate in a community of practice with other participating schools, allowing them to share their learnings and expand their professional networks.
Digital Promise selected this first cohort of 50 U.S. middle schools based on need (determined by percentage of students eligible for free and reduced lunch), existing infrastructure (without requiring any specific type or brand of technology), and innovative leadership committed to helping their teachers succeed. Theyâll work with these schools throughout the year, helping the coaches and principals to better harness technology in the classroom.
For years, weâve worked hard to help more classrooms access technology, and weâre proud that our products are helping millions of teachers and students do incredible things. But weâve also seen that access to technology on its own is not enough. Making our products free or affordable doesnât make usage truly equitable, and quality training is critical to ensure that technology is used in effective and meaningful ways. Through coaching, training and support, weâre aiming to empower teachers to further improve student learning outcomes through technology.
While technology alone will not fix or improve education, in the hands of educators who know how to use it, it can be a powerful part of the solution. This pilot is only the very beginning of our work ahead, and weâre eager to see what we will learn and understand how we can help reach even more classrooms in the future.
|Morocco: criticism of equity & reconciliation commission||none|
|Find a Fixer Upper in San Diego||Investors look for a good cheap deal when they buy a house to flip. With tight inventory, fixer upper deals have loads of multiple offers within a few days of being on the MLS.Â Many first time home buyers also are buying fixer upper properties and putting in their own “sweat equity.”Â First time home […]|
|Will Detroit Win or Lose at Super Bowl Time?|
Greg Cote of the Miami Herald recently wrote (in jest) about the selection of Detroit as the site of Super Bowl XL in February. He wrote, "Travel-industry analysts says the teams are distinguished by being the only two groups in America looking forward to being in Detroit in early February." I have heard similar sentiment on sports talk radio programs. Whose idea was this? Was it political? Was it meant as a move toward equity? Wouldn't everybody--including the teams--rather be in Miami or Houston or Dallas or Phoenix?
My questions are sincere. If Detroit got the Big Game on merits and salesmanship, please tell me what carrots they dangled. I once spent half a February in Montreal because I had to. It was great indoors, but going out meant risking your life.
The other side of the issue is that, now that Detroit is hosting the Big Game, they had better do a first rate job of it, or "I told you so" will be on everybody's chapped lips for years to come.
|Is Trumpâs plan for his company enough to avoid conflicts of interest?|
STEVE INSKEEP: Now, during his press conference, the president-elect said something that no president-elect may have said before. He said he had just turned down a multibillion-dollar business deal.
DONALD TRUMP (R), President-Elect: Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very, very amazing man, a great, great developer from the Middle East, Hussain Damac, a friend of mine, great guy. And I was offered $2 billion to do a deal in Dubai, a number of deals. And I turned it down.
STEVE INSKEEP: Now, $2 billion, his friend Hussain Damac was apparently a man with a different last name, who runs a company called DAMAC Group.
But, nevertheless, the talk of a deal in a key Persian Gulf nation, days before he moves into the White House, suggests the clash between the president’s duties and his worldwide business. The president-elect says he has a plan to manage those conflicts, which we’re going to evaluate this evening.
That plan includes turning the business over to his two older sons, plus a business executive. His sons aren’t supposed to tell him what they’re doing. And the president-elect will step back from management, but remain the owner of Trump Organization, and the company will avoid new overseas business deals.
Mr. Trump said he’s doing this, even though the law would allow him to keep making deals as president.
DONALD TRUMP: I don’t like the way that looks, but I would be able to do that if I wanted to. I would be the only one that would be able to do that. You can’t do that in any other capacity. But, as a president, I could run the Trump Organization, great, great company, and I could run the company — the country. I would do a very good job, but I don’t want to do that.
STEVE INSKEEP: The president-elect is correct that a federal conflict of interest law excludes the president, but what about all the other issues?
We have brought in two lawyers who managed ethics issues for two presidents. Richard Painter did it for President George W. Bush. Norm Eisen did it for President Obama.
And, Mr. Eisen, let’s start with you.
The president-elect suggests he is going above and beyond. Is he?
NORMAN EISEN, Former Special Counsel to President Obama: No.
He’s going beneath and below the minimum floor that’s required by law, that’s required by our most fundamental law, the Constitution, that is established by what every president for four decades has done, that ethics require and that common sense requires, Steve.
This was a sad day. I wasn’t happy to see what happened here. But what the president has announced fails every aspect of the bipartisan consensus that has emerged on what he should do, and it’s going to lead to scandal and corruption and a constitutional crisis from the moment he’s sworn in.
STEVE INSKEEP: OK, you mentioned the law. You mentioned common sense. Let’s talk about common sense here a little bit here, Richard Painter. We will get to the law.
What is wrong with turning over management of the company to his sons, who it is said will act independently of him?
RICHARD PAINTER, Former Associate Counsel to President George W. Bush: Well, he will still own the company.
And the problem is the company, the Trump Organization, has business deals all over the world. And some may be getting turned down, although some might get accepted. There are already deals in place. There are deals with powerful politicians in Indonesia, with oligarchs in the Philippines, deals in Turkey.
I mean, these are parts of the world where there’s very important issues to be dealt with on behalf of the United States and strategic concerns. We can’t have the president have substantial economic exposure himself in these countries and business partners who may be in league with foreign governments.
This is an enormous conflict of interests. We also have the president of the president’s name being on buildings around the world in places where it’s questionable whether these other countries can protect those buildings. We don’t have the Obama Tower in downtown Paris or Nairobi or some place. And we couldn’t protect it.
And then we put the Trump name up. That’s going to be jeopardizing the lives of the people who live in those buildings and could drag the United States into a conflict. That’s only the beginnings of the problems.
We have potential mixing Trump business with United States government business. And that would trigger a bribery investigation. And then we, of course, have those payments coming in from foreign governments and companies controlled by foreign governments that violate the Constitution, unless they sweep all of those out of the Trump Organization as of January 20. And they don’t have the time to do it.
STEVE INSKEEP: You mentioned also the Constitution, and I definitely want to get to that, but let’s just refer to something else that Norm Eisen mentioned.
Norm Eisen said that this arrangement violates the bipartisan consensus about ethics for the president of the United States in recent decades. The president-elect, however, brought out a lawyer — Sheri Dillon is her name — at this press conference, and she dismissed some of the more conventional solutions.
SHERI DILLON, Attorney for Donald Trump: Some people have suggested a blind trust, but you cannot have a totally blind trust with operating businesses. President Trump can’t un-know he owns Trump Tower. And the press will make sure that any new developments at the Trump Organization are well publicized.
Further, it would be impossible to find an institutional trustee that would be competent to run the Trump Organization. The approach he is taking allows Don and Eric to preserve this great company and its iconic assets.
STEVE INSKEEP: Norm Eisen, I have actually heard this from a lot of people, who said, blind trust, how can that be possible, because his assets are so visible? His name is on buildings. The name itself is the asset. Is she right that a blind trust isn’t going to work?
NORMAN EISEN: No, she’s wrong on all three of those points.
On the first point, if it’s a problem that he would still know things in a blind trust, how much more of a problem is it now, where he has this completely unprecedented continuing ownership interest, and very weak protections that were outlined today for communications between and among his sons? Does anybody really believe that they’re not going to be talking about the business?
Then, number two, it actually would be simple to do this. All Trump needs to do — this is not complicated — find an independent professional trustee. There are plenty out there who have dealt with far more complications. This is — the Trump Organization is just a big international family business.
Trump signs it over. This is what we hoped in a bipartisan way and prayed would happen today. He signs it over to the trustee. The trustee figures out, what can I sell? How do I sell it? What can I borrow? Maybe I do a public equity, so if it’s not sold on the market, the executives buy it, package the less-indebted properties with the more-indebted properties.
Donald Trump has enough to worry about without thinking about that. And then, on the third point of destroying the business, the Donald Trump name is at an all-time high. This is the best time to make these moves. When the corruptions and the scandals start to flow, it’s going to be much harder.
But he is going to have to do it, because those negative consequences are sure to follow.
STEVE INSKEEP: OK, just very briefly here now, the law. You mentioned the law. You mentioned the Constitution.
You have said that the president would violate the Constitution if he continues on this course. The Emoluments Clause is what you’re talking about. It prohibits gifts from a foreign government. But the president-elect’s lawyer says nobody has defined a gift before for that purpose. And she says the president doing business is not a gift.
SHERI DILLON: No one would have thought, when the Constitution was written, that paying your hotel bill was an emolument. Instead, it would have been thought of as a value-for-value exchange, not a gift, not a title, and not an emolument.
But since president-elect Trump has been elected, some people want to define emoluments to cover routine business transactions like paying for hotel rooms. They suggest that the Constitution prohibits the businesses from even arm’s-length transactions that the president-elect has absolutely nothing to do with and isn’t even aware of.
These people are wrong. This is not what the Constitution says. Paying for a hotel room is not a gift or a present, and it has nothing to do with an office. It’s not an emolument.
STEVE INSKEEP: Richard Painter, what’s wrong with that logic? It’s routine business.
RICHARD PAINTER: This is a for-profit hotel. He is making profits over dealing with foreign governments. Same with the loans from foreign government-owned banks. Those are for a for-profit business. That is prohibited under the Emoluments Clause of the Constitution.
Now, she’s right on one point, that you can’t take the Trump Tower, put it in a trust, and pretend you don’t have it. Of course, the trustee will have to sell the Trump Tower. He needs to make a decision, does he wants to be president, or does he want to be a landlord and a hotel owner?
He has nine days to make that decision. I thought he’d already made it. But that’s what this is about. He just doesn’t want to give up the hotel. He doesn’t want to give Trump Tower to his son or sell it.
And it is not that difficult to sell a nice building like that on Fifth Avenue.
STEVE INSKEEP: Norm Eisen, very briefly, can the president-elect resolve some of these concerns just by being a lot more transparent about who is paying what for what?
NORMAN EISEN: Well, Professor Painter and I laid out yesterday a scorecard of five criteria.
And one of them was to have strong ethics provisions with strong transparency around them, an ethics firewall. But we made the point that alone is not enough. He is going to be — as Professor Painter says, emoluments covers all of the different benefits that he’s getting, loans, permits, trademarks, other things outside the hotel, selling apartments to foreign government agents and sovereigns.
He’s going to be in violation of the Constitution on day one, and no amount of transparency can cure that offense against our founding document.
STEVE INSKEEP: Could they solve some of this problem by releasing the president-elect’s tax return?
NORMAN EISEN: It’s critical that the tax returns come out, particularly today, when there’s been so much talk about Russia, Steve.
Professor Painter and I wrote during the campaign that there’s an enormous amount of information about foreign governments, gifts, payments, partnerships, even business expenses, possibly, in deductions taken.
Given the nature of the Russia allegations, we need to see that. And Richard and I said today that all Russia-related aspects of the tax returns should be released. And the Intelligence Committees should get the full tax returns to put these Russia allegations to bed.
STEVE INSKEEP: Norm Eisen was the top ethics lawyer for President Obama. Richard Painter was the top ethics lawyers for President George W. Bush.
Gentlemen, thanks to you both.
NORMAN EISEN: Thanks, Steve.
RICHARD PAINTER: Thank you.
The post Is Trumpâs plan for his company enough to avoid conflicts of interest? appeared first on PBS NewsHour.
|Brother can you spare $700,000,000,000????|
The Conversation Cafe had a very productive discussion regarding the proposed Wall Street Bailout. In the course of discussing the financial crisis that is animating the proposal to write out a Treasury check for $700 billion to Henry Paulson, someone brought to the group's attention the recent book, "The Shock Doctrine: The Rise of Disaster Capitalism" by Naomi Klein. Klein posits that crises are manufactured in order to push through unpalatable economic and political measures. You can read her post regarding the current crisis here. As well, the group agreed that any taxpayer bailout should, at a minimum, include the following conditions.
1. Reinstatement of the provisions of Glass-Steagall, which forbade speculation
2. Re-regulation of the finance, insurance, and real estate industries
3. Accountability on the part of those who took the companies down:
a) resignations of management
b) givebacks of executive compensation packages
c) limitations on executive compensation
d) admission by CEO's of what went wrong and how, prior to any government bailout
4. Demands for transparencey
a) with respect to analyzing the transactions which took the companies down
b) with respect to Treasury's dealings with the companies pre and post-bailout
5. An equity position for the taxpayers
a) some form of ownership of assets
6. Some credible formula for evaluating the price of the assets that the government is buying.
7. A sunset clause on the legislation
8. Full public disclosure by members of Congress of assets held, with possible conflicts put in blind trust.
9. A ban on political campaign contributions from officers of corporations receiving bailouts
10. A requirement that 2008 cycle candidates return political contributions to officers and representatives of corporations receiving bailouts.
Join us next Saturday at 2 p.m. as we continue the conversation.
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. Bank of New York Mellon (BK) Some 3,000 Weekly 37 puts expiring today,|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. Mastec (MTZ) Some 5,000 March 19 calls sold were sold $0.50 to $0.60 as traders bet upside|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. SouFun (SFUN) Almost 3,400 March 5.50 calls were sold for $0.30 and $0.35 as investors looked to|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. Viacom (VIAB) A trader bought 15,799 June 45 calls for $0.85 to $0.90 and sold 31,538 June|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. NorthStar Realty (NRF) A trader bought 16,903 March 16 for $0.15 and sold an equal number of|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. Century Aluminum (CENX) About 2,800 March 7 calls were sold for $0.48 as investors bet upside will|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. Plains All American Pipeline (PAA) A block of 7,441 April 22 calls was sold for $0.75 as|
|Notable option activity in equity names||Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system. ADT (ADT) About 20,000 April 42 calls were bought for $0.15 as investors looked for upside in|
|Commodities Aren't Going Anywhere, So Include Them In Your Investments|
"There's no way oil will never fall below $50."
"Gold will never hit $1000."
So many times in my career, I've heard extreme statements from investors and portfolio managers promising that commodities will never move above or below some arbitrary benchmark. A recent example of this often stems from the advent of electric cars, which if you believe the narrative, will supposedly eliminate the demand for fuel and thus oil. Yet, even Elon Musk has to laugh at this. After all, what do you think powers his SpaceX rockets? Pixie dust?
While it may be true that commodities do not have the same yield or inherent return as equities, this doesn't necessarily mean that they shouldn't be included in your asset allocation mix. In fact, the opposite is true given that, unlike most other holdings, commodities generally are not correlated to equities or bonds. For an example, look no further than the correlation between the Bloomberg Commodity index and the S&P500:
We believe in order to truly harness the advantages of commodities in a portfolio, investors must go one step further by using a tactical strategy. Being long on select commodities as they rise, in cash as needed, and short as commodities fall can often bring significant returns and lower your correlation to the market even further.
If you compare the Long/Flat Auspice Broad commodity index ("ABCERI") which takes this strategy and puts it into practice, using tactical long positions in rising markets and converting holdings into cash when markets falter, the correlation to S&P drops further when compared to a long-only index:
As you can see below, the portfolio benefits are obvious. Including ABCERI in a diversified portfolio may improve overall performance while reducing volatility and drawdowns. This example shows an 18 per cent improvement in annualized returns, 39 per cent lower drawdowns and 26 per cent less volatility.
So when is the time to add commodities? Timing is always challenging and commodities have been sliding for the better part of five to six years. However, as this chart shows, commodity versus equity values have long cycles and are at all-time lows.
Given there is never a specific floor, the value of commodities can always stand to fall further. Yet, they have recently become so stretched that we believe equity values are more at risk in the near term. In fact, as the following charts show, the recent performance of commodities is at the bottom end of its statistical distribution while equities are at the top.
At the end of the day, the world is still growing, and the developing Asian markets are not going away any time soon, meaning that the demand for fuel, food and materials aren't going to disappear overnight. In fact, demand may become greater than supply as the developed world shifts investment into technology-inspired resources, and funding becomes harder to come by for traditional commodities.
What many investors have to remember is that, unlike a stock which can literally disappear, commodities aren't likely to go bankrupt.
Now is a good time to look at commodities in any asset allocation mix. Consider ways to directly participate in commodities versus resource equity to reduce the stock market risk and beta. Look for tactical managers that specialize in commodity-tilted investments.
Also on HuffPost:
|Home Capital To Pay $11 Million Over Mortgage Fraud|
TORONTO — Ontario's securities watchdog approved a settlement Wednesday with Home Capital Group Inc. and three former executives who failed to tell investors quickly and completely about fraudulent activity by some mortgage brokers associated with the alternative lender.
As a result of the settlement, about $11 million could flow through the Ontario Securities Commission to shareholders covered by a related class action suit that's awaiting court approval.
The agreement is conditional on the Ontario Superior Court accepting a settlement worth about $29.5 million including the money available through the OSC process.
An OSC lawyer told a hearing the commission needed to send a clear message that public companies are legally obligated to disclose important information quickly and in a form investors can use.
Lawyers for the company and three men said little during the 90-minute hearing, except to point out their clients had kept Home Capital's board informed and received outside professional advice about their disclosure requirements.
But OSC vice-chair Grant Vingoe, who read out the three-member panel's decision, said a public company's disclosure of material changes "is not a discretionary decision from management, but a regulatory requirement and a public responsibility."
He said Home Capital failed to reveal the termination of the brokerage agreements — representing about 10 per cent of Home Capital's 2014 mortgage originations — until mid-2015, more than two months later than it should have.
Home Capital shares fell 18.9 per cent the following day, Vingoe said.
Find about billionaire investor Warren Buffett's involvement with Canada's Home Capital:
He said the panel was accepting the "highly negotiated settlement, carefully co-ordinated with class (action) proceedings in Ontario" because it would allow the regulatory to move on to other matters, expedite compensation to investors and reduce uncertainty surrounding the company.
The OSC's announcement of its allegations in April contributed to a sudden exodus of Home Capital depositors that pushed the Toronto-based company to borrow about $2 billion at staggeringly high interest rates in order to stay in business.
Home Capital shares and prospects have improved since Warren Buffett's Berkshire Hathaway agreed to support the lender through an equity investment and loans.
As part of the OSC settlement, retired chief executive Gerald Soloway will pay $1 million in administrative penalties. Martin Reid, who succeeded Soloway as CEO, and former chief financial officer Robert Morton will each pay $500,000. Half of the $2 million will be put towards the $11 million that will be available to the class action settlement.
In addition to the monetary penalties, the three men will be prevented from being an officer or director of a public company for specified periods — four years in the case of Soloway and two years each in the case of Reid and Morton.
Also on HuffPost:
|Poker: Luck vs Skill||For as long as I've been playing poker, I've obviously been on the side of the game being skill based. However, after thinking about it over the past week, I think it's much more cut and dried than simply being based on skill or being majority skill. It's 100% skill. Exactly like chess. There is no luck involved. Here's why:|
You'll often find poker players that try to attribute arbitrary ratios of skill and luck to games as if they are on the same gradient scale. Poker being 70/30 for example, blackjack being 40/60 etc.
People will generally try to play semantic gymnastics in trying to quantify a balance of opposing definitions. I find it to be a contradiction of each definition for something to involve both skill and luck, especially when the "luck" disappears in large samples. Perhaps a more apt definition would be the term "chance" already used in the definition of luck.
We've all heard the term "games of chance" and are quick to rightly interchange it with the term "luck." When it comes to games seemingly involving both, this term clearly does not allow for that to happen. In games of skill, every action you and your opponents make has a direct effect on everyone's expected value.
In games of chance, no action that you or your opponent can make has any effect on anyone's expected value. Skill and chance can not occupy a gradient balance with one another.In theory then, every single decision at the poker table is 100% skill based. In theory, there is only EV, there are no results. Now you're probably thinking "a ha! It doesn't work that way in practice!" and you'd be correct. In practice, our results deviate from our expected value. That deviation is called "variance."
Variance is not luck.
The terms are, by definition, not interchangeable. Variance is simply the measured, quantifiable difference between EV and results. It has nothing to do with your ability or inability to affect the outcome. You shove $100 with AA and get called by KK for 80% equity and an EV of about $60. You are either going to be +$40 or -$60 on expectation for any given hand due to not luck, but rather variance.
Now take the opposite type of game, lets say slots. You put $1 in and pull the lever, with absolutely no skill on your part affecting the outcome. Your EV on any given pull is -$0.05 on this particular machine. You are most definitely not going to receive exactly $0.95 back on your dollar with every pull. The difference from your EV is, again, variance.
Fortune is the word and concept people are looking for when they are trying to mistakenly apply a luck:skill ratio by virtue of interchanging false definitions of luck and variance in a game of skill that has deviation in the results.
The idea of fortune is the mirage that keeps recreational players entertained despite their inevitable losses. Which brings us full circle to a point where poker is indeed 100% skill, with the veneer of luck, ie. fortune, entering the equation and creating a non-existent luck:skill ratio draped over the game due to the psychological effects of variance.
|HH Review: Min 3-Bet Pot Mistake||February continues to go fairly well after 18k hands. I had a mini implosion weekend before last and ended up trying to force a lot of plays that were just not going to work and getting crushed by weird 2 pair after weird backdoor gutshot. That was an 18 buyin downswing over 4k hands. I've since recovered that and then some. I'm sitting at an overall winrate of 17.5 bb/100 on the month, a third of that small stakes and the rest micros.|
Something I never did on Stars was mix stakes. I just found it too confusing. With the lack of traffic on my new site, I'm finding it's much better for my winrate if I do mix in three or even four stakes for the highest fish ratio. It's interesting how I've started thinking more in terms of SPR than in $ or even in bb.
Villain in this hand is 32/14 with a 6% 3bet over 180 hands. All of his 3bets have been from the blinds.
$0.10/$0.25 No Limit Hold'em - 5 players
Hero (SB): $25.16
Pre Flop: ($0.35) Hero is SB with 7 J
3 folds, Hero raises to $0.50, BB raises to $1.10, Hero calls $0.60
My min-steal is a bit marginal with J7o as he's a bit more aggressive than average postflop, but he does fold to 50% of flop cbets and 40% on the turn. He's also shown himself to be a bit spazzy a significant portion of the time. I spite call the near min-raise, but I think the math generally has me covered at potentially $16 profit for a $0.60 call giving me 27:1 stack odds. I'm going to hit 2 pair or better about 6% of the time and draws add a few points as well.
Flop: ($2.55) 7 7 4 (2 players)
Hero checks, BB bets $1.65, Hero raises to $3.90, BB raises to $6.15, Hero raises to $17.85, BB folds
Jackpot flop. My concern now is how to best get my money in. He's a bit fishy so 6% is probably going to be top heavy with a range like 88+, AQ+. That means I have 95% equity trying to dodge the fullhouse spike. 55% of his range is overpairs, 45% is Ace high.
I was torn between getting all the money in on the flop fearing that calling could bring an action killing overcard like an Ace or King and would shut down 88-JJ. But at the same time, I'd prefer to let him spazz or hit with his Ace high hands. I picked a size slightly larger than a min-raise to give him room to play back with $12+ effective and an $8 pot to get me to fold a hand like 33 or 55 with his unpaired hands, with his overpairs obviously raising as well.
Once he clicks it back, he has almost $8 left. He has 71 combos, so lets break down each group of hands in his range:
So my dilemma then is making the correct decision between:
Clearly then, shoving the flop is a mistake.
|HH Review: Folding Out Equity||As promised, I'd like to review an interesting hand every week or two. This was one of the more interesting hands of today. Note that I'm using Flopzilla to compute hand range values and weightings.|
$0.50/$1 No Limit Hold'em - 6 players
Hero (BB): $333.37
Pre Flop: ($1.50) Hero is BB with 9 T
UTG raises to $2.62, 1 fold, CO calls $2.62, 2 folds, Hero calls $1.62
Not an ideal hand to call out of position, I'd have a lot more postflop playability if it was suited. However I am getting 4.2:1 and UTG flops a lot of nothing. My plan is to let him hang himself if I hit and steal it when I miss given that CO doesn't get too involved past most flops.
Flop: ($8.36) 6 T Q (3 players)
Hero checks, UTG bets $6.27, CO folds, Hero raises to $24.17, UTG calls $17.90
I flop 2nd pair. The plan is to check/raise if CO folds to the auto-cbet and check/fold if CO continues. The reason I want to go for a raise here is because there are tons of hands that I am currently ahead of that have equity and I either want them to fold or get value from them. These would include hands like AK, AJ, KJ, J9, 98, 87, 99, 88 and 77. Only 15% of his range consists of top pair or better, while 28% consists of Ace-High and 30% of pure nothing.
Either having villain fold or call with worse is fine with me given my mid strength hand that can't stand much heat on most turn cards without initiative, which means my options are to either give up now or try to steal like in my preflop plan. I also have a few backdoor straight draws as backup for future aggression opportunities.
Flopzilla tells me that I have 62% equity against his cbet range and 35% equity against his continuance range. I'm expecting a fold about 65% of the time. My Excel equity calculator tells me with 35% equity, I need a fold only 14% of the time to breakeven.
This is precisely the scenario that Baluga Whale talks about in the newest edition of Easy Game where he kills off collection of dead money as a reason to bet, simply combining it with a new definition of bluffing where getting your opponent to incorrectly fold their equity and/or preventing them from making the bluff they should make go hand in hand. ie. Fundamental Theorem of Poker: if he knew I had 2nd pair, he would shove his entire range and therefore he makes the mistake of not re-bluffing.
Turn: ($56.70) 9 (2 players)
Hero bets $306.58, UTG calls $74.71 all in
At this point his range consists of 40% top pair or overpairs which I now beat, and 25% 2pair or better that beat me. The remaining 35% consists of draws. I have 57% equity against this range, so while I am ahead 75% of the time, it's by a slim margin. I'm flipping with his range if he folds all of his draws.
Given the amount of money in the pot compensating for my thinness in equity, folding is not an option. My choices are to either bet/call and pray for a blank river if he just calls, or shove right now.
I'd prefer not to flip for it if possible if he decides to shove over a smaller bet or call and show me one of 20 gross river cards. Therefore I'm using the same reason for overbet shoving here as I did for raising on the flop in trying to get him to fold significant chunks of equity rather than giving him the opportunity to try to bluff or thin valuetown himself with that equity.
River: ($206.12) Q (2 players - 1 is all in)
Final Pot: $206.12
UTG shows J 9
Hero shows 9 T
Hero wins $203.12
|I'm back||I almost threw in the towel.|
People seem to blog less when they are losing. I'm no exception. Over the summer I had a couple of my best months this year followed by my two worst months ever.
There were two main problems with my game.
My daily struggle just to tread water on the reduced Supernova pace was the first, and somewhat the cause of the second -- the tilt spiral between some run bad, a lot of playing bad, and letting that seep into my offline life.
It's tough to sit down after 6 weeks of nothing but losing fistfuls of cash every day, never mind trying to put in the volume to maintain Supernova, minimal as it is. I dreaded it every day, often finding myself sitting down, firing up HM2, and then closing everything down before I even got started. This of course led to more Supernova stress, playing higher to earn more VPPs, losing more, more tilt, and more general unhappiness.
I wasn't even worried about losing the rakeback percentage. It was simply the thought of losing something that takes so much work to achieve. I was tired of it all and sincerely ready to quit.
And I did quit. At least, for two weeks at the end of July, I was finished. I withdrew 95% of my bankroll and gave up on the VPP chase. It was the first time in 4 years where I didn't even think about logging in for an extended period of time.
Oddly enough I already have the requisite 65k VPP on the reduced 2012 plan, but unfortunately they're not spread out over 10 months. My volume took a beating at the beginning of the year when the Weighted Contributed shit hit the fan. I became so heavily involved in the discussion that I missed my January target and missed March as well due to all the travel associated with my IOM invite plus the hours spent at home crunching numbers instead of putting in volume. I don't regret the trip or the work I did, it's just a factor in what transpired.
I was happy again. No stress. The weight of Supernova off my shoulders. I could do whatever I wanted instead of being chained to my desk. But after two weeks, I started to miss the game. I didn't miss the money (or rather losing money). I missed the competition and the puzzle.
It's funny how you sometimes need to be done with whatever you're doing before you can see it objectively. And then it seems so obvious. And it's likely something you already knew, but couldn't accept because you just couldn't give up the ghost.
What did I want out of this game? Not the stress. Not the tilt. Not my offline emotions riding the rollercoaster of my online graph. The money was a nice bonus, but I obviously didn't care about it as much as I thought I did.
The answer was simple: as a naturally competitive, analytical person, poker was my creative outlet.
That's where my passion for the game originated, and that's what became lost in the stress and the tilt. I hated poker and the person I was becoming because of it. Or rather, because of these things that had tainted it for me.
I decided that if I were going to play this game again, I needed to stay focussed on the passion and find a way to take control of the things I didn't like.
The Supernova volume part was already taken care of as it lapsed at the end of July; a huge weight taken off my shoulders. I have reduced my volume stress to zero. I simply do not care how many VPPs I have. I will play when I want and for how long I want. The monetary value of the lost rakeback is worth far less than my sanity.
The tilt problem. I've read countless books about the mental game and even listened to some of Tommy Angelo's Eightfold Path over the past number of years. But none of it really stuck with me in the past. My mindset was that these books had good reviews, the authors know what they're talking about, and I found them to be good, interesting reading material, and that's all they were to me.
I went back to Angelo's Eightfold Path, but this time I was really listening because I knew if I couldn't conquer the tilt demon, I was going to give this up for good. And so far, the mindset and techniques have been working really well
I've really tried to embrace lopping off my C-game, mindfulness, and right-view, which in turn brings me back to what I really want out of this game:
Competition -- Trying to play my best at all times.
Creative, Analytical Thinking -- Finding ways to outplay my opponents using factual information.
I don't ignore the beats to avoid the tilt. Sticking my head in the sand would be no better than stumbling through the fog of tilt induced insanity I was in before. I now acknowledge that my opponent played XX a certain way, had Y% equity, and happened to hit his hand. That's it. I just plug it back into the analytical process and think about ways to exploit this in the future. Next hand.
I'm certainly not tilt free yet and I don't think it's completely possible. We are human after all. But I've reduced the most destructive versions of it drastically, and I leave it all at the table. When I log off, I am logged off.
To date, I've had three sessions since mid September where I could feel the bankroll busting anger coming back. In the first two, I recognized it quickly, but wasn't able to get away from it in the next 5 minutes and decided to shut it down, likely saving myself a number of buyins. In the third, I recognized it quickly, was able to process what I was thinking, and bring myself back.
Also note that these three sessions were at relatively nano stakes considering I haven't put anything back online. Given that I was still able to feel the monkey tilt coming on, I have to say that I've realized it's not the loss of $X that bothered me at higher stakes. It was the frustration of doing everything "right" and still losing, and probably a good measure of embarrassment that a clearly inferior opponent was taking stacks off me.
During my time off I also picked up a couple of hobbies. I didn't really plan this as part of my get back to poker plan, but it worked out really well anyway. I'm finding it very helpful to have other outlets to occupy myself with when I don't feel like playing poker.
At first I was planning to get back into digital art and got myself a subscription to TutsPlus. There's a ton of great stuff there from photoshop to illustrator to mobile and web design. I thought about doing some of that again commercially in my spare time, but reconsidered when I looked at the market flooded with freelancers willing to do anything for nearly free just to get noticed.
I've also discovered a plethora of free online classes and started re-learning programming. This is essentially what I wanted to do out of high school but I found some of the required college math ridiculously difficult and unfortunately gave up on that before I found out I just had a shitty professor. Screw degrees. I just want to have a tool and the skill to be able to implement my ideas instead of perpetually leaving them on the drawing board.
I've started studying poker a lot more as well, coming up with my own game strategies based on analysis of tons of different situations. This is something I would always skip in favour of putting in volume before. It's easy to coast for a long time when you're winning. The lack of tilted sessions and some nice self-discovered nuggets in my study have produced some nice results. I don't mean that in the traditional way of I won a bunch of money and ran at expectation. It's just really satisfying to come up with a hypothesis, test it out, and have the results reflect your work.
Small sample so far. I've probably put in 50% play, 50% study instead of 90/10, and I'm actually enjoying the study part as much as the playing part. I started from the bottom of the ladder again but nonetheless I'm ecstatic with my attitude and how I've played controlled poker for the past month.
At least now I know that I can play poker and be happy. If I happen to improve enough, I'll have Supernova again. And if I don't, that's fine. But then it will be on my terms and my de facto tier once I'm again playing stakes where it doesn't matter how much you play and minimal volume gives you the required VPPs. There's nothing wrong with being an FPP Pro either since you won the rake in the first place, but personally, I find myself much more motivated and having fun when I'm not grinding for the next bonus instalment.
It's good to be back!
|Thoughts on the Existence of the WSOP Ladies Event|
So it's entirely expected that a gender specific annual event is going to draw the ire of part of the poker community -- it's hard to consolidate emotion and principal with reason in this case.
However, unlike the vast majority of social engineering programs, those being descriminated against in this event are not being harmed -- and no, enduring someone freely speaking their mind about your presence does not constitute harm, which I would define as being purposefully disadvantaged based on your gender or race or some other non-merit based factor.
To the contrary, this event is helping everyone in the community, including the people it is discriminating against. There is 49.5% of the population out there that could very well help this game grow by leaps and bounds and my impression is that there is a very real perceived barrier to entry preventing them from doing so, even though I think it has already been breached more than most realize due to the younger, more open minded internet generation taking over.
Gender equality, while still not yet perfect, has been well on it's way in the Western world for the last two decades. Yet poker, the supposed perfect meritocracy, has severely lagged behind in terms of population representation despite being clearly shown that women can compete at the top levels of the game. Events like this one help to break those barriers down, letting women feel comfortable by avoiding some of those old preconceived notions of how poker is "supposed to be" and get their feet wet.
Lets take a look at three discriminatory analogies:
1) The harm one to benefit another discrimination
You live on the even house number side of the street. One day you hear a knock at the door. It's the House Number Registrar, Steve.
Steve: I'm here to collect the Even Number House Tax. That'll be $500.
You: What are you going to do with it?
Steve: Well there's not many odd number houses across the street due to a previous mayor with numerophobia several generations back, so we're giving it to the home owners across the street and anyone that wants to build a house in the empty lots over there.
You: That's %$*!ed up. I had nothing to do with that, why should I be penalized?
Steve: $500, cash or check.
2) The benefit one with no additional effect discrimination
You look out your window the next day and see Successful Greg walking up to houses across the street and handing everyone that opens their door $500. You run out to ask him what's going on.
You: Greg what's with the free cash?
Greg: I decided I want to use my money to help out those odd numbered home owners.
You: But what about me? You're discriminating against me!
Greg: Tough luck, I like helping odd numbers. Whether I ever came down this street or not has no bearing on your life positively or negatively. Why are you upset that your neighbour benefits when I'm not doing anything to hurt you?
3) The benefit everyone discrimination
A week later you see Greg's business partner, Sam going to houses across the street and handing out notifications. Still upset about the incident the week before, you storm out the door hoping to talk some sense into Sam.
You: This is enough already! First I shell out $500 for a discriminatory tax that's been given to the people across the street, then you and Greg hand them another $500 and some sort of deal!
Sam: My proposition is a little different than Greg's. I like his idea about encouraging odd numbered development. But I want to take a more proactive approach. I'm giving everyone across the street $100 annually multiplied by how many houses are on that side with the stipulation that their equity is whatever percentage of people were home to accept the money, minus 10% of that total for their neighbour directly across from them, and $100 for anyone that refers someone to building on an empty lot in the next 6 months.
As you can see, everyone on your street has a vested interest in making sure that everyone around them is home to collect the money and to help build their community. Your neighbour was home, there are 6 houses on that side, and if 50% of people on your street are home, I will come back tomorrow and give them $300. They will then come over and give you $30. I hope you can see that while I am being discriminatory, you benefit along with everyone else.
While it may not benefit you very much right now, nor as much as your neighbours, it is in your best interest to get on the phone and help build your community. Of course there's nothing stopping you from setting up a lemonade stand in an empty lot across the street and claiming your $100 for personal gain, but it is against the spirit of the community development plan.
1) Harm one to benefit another represents the majority of government and institutional discrimination in my opinion. I believe this amounts to two wrongs and should be done away with. You make your own cookie and someone takes it and gives it to someone else based on nothing other than which straw you drew in the birth lottery. You have every reason to be outraged.
2) Benefit one and do not affect anyone else represents most philanthropic endeavors. Most people don't have a problem with this because it's voluntary and doesn't affect their lives in any way. The irrational person will be upset that their neighbour has a cookie and they don't. The rational person will choose to be happy or indifferent towards their neighbour since no one had any cookies in the first place. No harm, no foul at worst, good for them at best.
3) Benefit everyone, sometimes unequally or not immediately, represents the rare situation that I think the Ladies Event at the WSOP occupies. The irrational person would rather no one have any cookies than to receive one while their neighbour receives two in some twisted sense of fairness. The rational person is again happy or indifferent to their neighbour's cookies and happy about their own because they now have one where there was none with possible future implications for more.
The guys playing in this event are either letting their emotional worldview of perceived rights and equality override their logic or are doing it for personal gain. Either way they are essentially trying to sneak a bite off the extra cookie the women received to make a point or make a buck while actively working against the community's chance at 10 new cookies down the road.
Of course Greg and Sam's alterior motive is to grow their customer base, the same as the WSOP's. But as poker players we need to remember that our goals are aligned in that regard because we have the same customer base and if no one is harmed, or better yet everyone benefits, I think the end justifies the means.
|Book Review: Crushing the Microstakes|
As I briefly mentioned in my last post, Nathan Williams sent me his book, Crushing the Microstakes, earlier this year for a review. You can find it on his website at www.blackrain79.com.
Now with my schedule and my mind cleared, I read through it over the past week. It's nice to see some of the smaller stakes online players starting to publish with relevant strategy for micro stakes as opposed to the standard authors that have never played online or online players that play much much higher.
It's a solid 230+ pages plus glossary. The layout is very easy to read and concepts are grouped together well and in logical order. He's generally nailed the his audience with the level of detail and difficulty in the content, that being those trying to become winners at 2NL and 5NL.
He covers pretty much all of the fundamentals: player types, how to identify them and how to play against them, positional awareness and hand selection, cbetting and barreling, 3bet pots, bet sizing, equity, and even a bit of pyschology along with other concepts.
I like the way he's structured his explanation of the more difficult concepts. As a more advanced player I often found myself reading a concept definition and explanation followed by an example, leaving me thinking "That's not all there is too it, there's also _____." And then he followed up the example with the appropriate caveats and addendums to complete the concept. This should make it much easier for beginners to grasp these ideas in small pieces rather than trying to wrap their heads around the entire bit all at once. Nicely done.
I've found with some of the recent ebooks (and even a few in print) that authors are taking full advantage of the platform to promote their site and their affiliations a redundant number of times making me feel as though I'm reading an infomercial. So I'm quite appreciative that Williams put his full disclosures and affiliate links up front and did not mention them again.
I only had two small disagreements with the book:
The first being what I think is an over-statement that he has the most experience and highest winrates at 2NL and 5NL. That may be technically true due to the shear number of hands played, and while his results are very good, I don't think they are extraordinary. I don't believe any of the good 50NL and 100NL regs would have any trouble sustaining the same winrates immediately at those stakes if they dropped down today. I'm of the mindset that logic should stand on it's own, and it certainly does in this book, but posting results is of course expected by the community at large in today's poker climate.
The second was a theoretical issue where he prefers to incorporate a polarized 3bet range into his overall game strategy because it's easy to fold the light end of it while he doesn't want to have to 3bet/fold strong hands like AQs which can't stand a 4bet. He correctly states a few pages later that 4bets are rare due to the passive nature of the game. I would argue that you should have a wide value 3bet range instead of a polarized range in these games because you're often going to get called and you want to have hands where you can value bet often postflop instead of the occasional flopped monster. For example, I would rather 3bet AQs and get value from all the Ax and QT+ that's going to call (along with all the worse suited connectors and low pocket pairs that have to fold postflop) and cold call 76s with massive implied odds on our speculative hands. On the flip side when they do have the nuts and 4bet, everything's a fold anyways and I'd rather 3bet/fold AQs to avoid the reverse implied odds against the top of their range and call with 76s to stack them. I can see how his method would keep newer players out of trouble if they don't have the discipline to fold preflop, but I do think in theory a wide 3bet range is much more profitable.
Other than that I was really impressed with the overall flow of the book and the concise covering of all of the topics a beginner or struggling micro stakes player needs to get on their feet and moving up the ladder towards small stakes. The concepts discussed are the building blocks to a solid game and Williams explains them very well and in context for the games his audience will be playing.
I would highly recommend this book to new players, live players transitioning to online, your friends and family that keep asking you to teach them, and even the intermediate player that is looking for a refresher course to tighten up their game.
|âIâm sick and tired of being sick and tiredâ (Fannie Lou Hamer, 1964) â Why we work to create pathways to health equity||Fannie Lou Hamer â voting rights activist, civil rights leader, and humanitarian, captured the nationâs attention during the 1964 Democratic National Convention, when she described the injustices she and others in her community had endured in their fight for the right to vote. She had been jailed, beaten, and threatened for her advocacy, but didnât back down. The cumulative impact of these and other stressful life experiences negatively impacted her health, but she remained committed to securing her civil rights, because in her now famous words âAll my life Iâve been sick and tired. Now Iâm sick and tired of|
|The Image of Equity||Many of my childhood thoughts of equity related to womenâs rights. I grew up at a time when girls could think about growing up to do the things that men did. However, womenâs roles in society had just begun to shift, and there were still very few publicly visible role modelsâparticularly for girls of color. There was a riddle in circulation at the time that went something like this: A man is in a car accident in which his father is fatally injured. The son is taken to the emergency room and operated upon and it is discovered that he|
|Making Things Right||âIn short, we urge the nationâs leaders to embrace the idea that an economically vibrant and sustainable American future depends, almost wholly, on a broader vision for equity, one that recognizes that lifting up the least of us will lift up all of us.â Uncommon Common Ground: Race and Americaâs Future; Blackwell, Kwoh, Pastor; 2010. At CDCâs Office of Minority Health and Health Equity (OMHHE), we are winding up the celebration of our 25th anniversary. The centerpiece of our celebration has been an exhibit at CDCâs David J. Sencer Museum titled âHealth Is a Human Right: Race and Place in|
|ââ¦ismsâ and the pursuit of health equity||Last fall, our office hosted the inaugural âForum on the State of Health Equity at CDC.â The purpose of the forum was to examine CDCâs progress in the implementation of policies, programs, surveillance, and research that contribute to achieving health equity. We grappled with definitions, measures and indicators, program components, and the infrastructure needed to effectively integrate health equity across our programs. We also reached out to the agencyâs Healthy Aging Program and the Sexual and Gender Minorities Workgroup and asked âwhat issues or concerns would you like addressed as part of this forum?â This is what they said: âHow|
|Charlene Crawley to be honored at annual PACME ceremony||Please join us in congratulating Dr. Charlene Crawley on being the recipient of the 2017 Presidential Awards for Community Multicultural Enrichment (PACME) faculty award. Â The PACME ceremony was created to recognize members of the University and Health System communities who have contributed to promoting civility, building community, establishing effective cross-cultural initiatives, advocating equity, and nurturing […]|
|The Sad Truth Is People Can Be Pretty Shallow|
Happy Wednesday, July 20th, 2017!
July 20 is the 201st day of the year. There are 164 days remaining until the end of the year.
My goal today is to make YOU feel better! It is an extremely hot day here in New York and as I sat down to begin today's blog, I was listening to the 70s channel on Sirius XM Radio, most specifically, Cheryl Lynn's Got To Be Real from 1978.
July 20th, 1978 was a Thursday as well. Most likely, I was working at Grand Strand Amusement Park in Myrtle Beach, South Carolina. I'm sure that the above mentioned song was wafting throughout the park from the Himalaya, one of my favorite rides in the amusement park.
Believe it or not, the title of today's blog is the first line of one of my horoscopes today. It goes on to say that as much as I could use some appreciation and acknowledgement, I'll mostly be judged on how I make others feel about themselves. I'll take that. Whether you believe in horoscopes or not, I am finding that there are daily lessons available to us.
Danny and I have been having dinners lately with really good friends and we are making new friends as well. For some, it is the first time that we all sit down to break bread together.
I like to sit down with no devices and have great conversation! I love covering a myriad of topics and sometimes I don't desire to leave.
One such topic that seems to resonate most with me these days, besides politics, is the subject of communication in today's world. The song that runs in a continuous loop in my head is I'm Glad I'm Not Young Anymore.
Speaking of communicating with each other, what does my blog offer you? I hope it offers a lighthearted way of looking at the things that affect our lives on a daily basis. I love social media but it sometimes becomes a big distraction in our lives...on so many levels.
I got a call from a friend of mine earlier this week who was feeling down on several things happening that were truly coming from outside sources.
The Internet is giving us access to whatever everyone is doing no matter where we live. Please know, however, that we are getting this 'news' based on what OTHERS desire to share.
Why do we put so much emphasis on what others are doing with their lives?
Imagine if we focused on ourselves instead of
Well, I am going to focus on ME while celebrating the achievements of others! I'm happy and excited when I see what they are doing!
I'm taking a few moments today and visualizing myself reaching my goals.I am imagining how it will feel to accomplish my goal. I'm picturing my future self: what will be different after I succeed?
I am making my visualization as specific as I can.
I then asked Peggy to send me at least 20 songs that she would like to do and we shaped that (with a few eliminations) into a show. I was thrilled to be asked by Peggy to join her for a duet. She also wanted Sue Matsuki to join her.
Once you get Sue involved in a project, she throws herself in 150 % and does what she can to ensure success on every level! Their duet last night rocked 42nd Street! Kenny, Abby Judd, Michael Kirk Lane, and the entire staff at The Laurie Beechman are so phenomenal that they make it difficult for any other venue I work in. A+++++ Then there are those doing the work behind the scenes: Daniel Sherman, Michael Lee Stever, Scott Barbarino: HUGE THANK YOUS!
Then there are those of you who CHOSE to spend a Wednesday night with Peggy. We know there are so many options in this great city so thank you for choosing us.
Her gown was gorgeous. She was relaxed and truly at the top of her game. Again, I am very proud! Russ, YOU are the real deal! Thanks for a night I won't forget for a long time. As you know, I needed it!
From Sue Matsuki: Regarding Peggy Eason's show last evening at The Laurie Beechman Theater: How does one put into words the joy of joy? To see a friend, Peggy Eason who has not been able to do a show due to finances (like many of us at times) be gifted a show by two other friends, Richard Skipper and Russ Woolley at the Beechman last night was beyond what I can express in words.
Boys...you did a really good thing here! My heart was so full watching Peggy just glow on stage. I cried happy tears and lost it when she sang "Defying Gravity" while showing a flim of her sky diving. This was a 2 lb. blind baby that was not supposed to live and here she was in all her glory...defying the odds. I lost it! I have heard her sing many times but I never saw her do a whole show.
With Tracy Stark on the keys and working with Peggy, she took her to yet another level, it was bliss. To then be asked to do a duet with her (Bosom Buddies) was just icing on the cake.
Congratulations Peggy. I hope you are still over the moon today. You earned it!
Earlier this week, The Signature Theater in Washington DC started their 28th season as they began rehearsals for
A LITTLE NIGHT MUSIC. Florence Lacey Stella has joined the cast!
This will be Eric Schaeffer's 28th Sondheim production that he'll direct and the first time doing NIGHT MUSIC. As he says, "Some things are worth waiting for". I wish all involved a very successful run.
Who would like to join me for a road trip?
appearing at Nino's Thursdays, Fridays and Saturdays
Performing The Great American Songbook.................................
7:30PM to 10:30PM
1354 First Avenue, New York, NY 10021 (between East 72nd and 73rd Streets)
One such play opening at the 2017 NY Summerfest July 31 at Hudson Guild Theatre has had a 15-year journey; Jack Dyville's My Stage Daddy. (Read MORE)
Actor's Equity Actors. Join the Equity's Stage Door page on Facebook. It's a place to share
your feelings about your professional
experiences and all things union.
Kindly take a moment to listen to Jim Caruso's New York Minute on Palm Beach's Legends Radio to hear all about our new celebrity in NYC, Michael Masci AND my Video guru! Michael does all of my promotional videos as well as the opening montage videos for my Richard Skipper Celebrates...series.
I'm overjoyed to announce that since the airing of this radio plug, Michael Masci Trio will perform at Cafe Carlyle July 23rd (on their daughter Felicity's 15th Birthday) and his contract is extended for three additional Sundays in August
Michael Masci Trio will be performing at Cafe Carlyle for two of those August performances, but you'll just have to come in to The Carlyle find out which Sunday! God is good! Keep ya comin' back for more!
Fashioned after Sylvia Fine Kayeâs Musical Comedy Tonight PBS programs from the 70's,
each show highlights songs and stories from 2 or 3 Broadway musicals with a star studded
revolving cast. Ricky Ricky, last seen on Broadway hailing a cab, will give wry commentary as well as accompanying on the piano.
$20 cover/$15 MAC 2 Drink minimum, Cash only.
DONâT TELL MAMA call 212-757-0788 or www.donttellmamanyc.com for reservations.
Tickets range from $55 to $85.
Hello, Dolly! has been a sold-out hit that, nevertheless, has been greeted skeptically by some aficionados.
Bette Midler is a crowd-pleasing artist, and her persona seems a perfect fit for the role of the enterprising matchmaker, Dolly Levi. Yet there are those who say her voice isnât large enough for Dollyâs big songs. (Read MORE)
The Sad Truth MIGHT be that people can be pretty shallow...but I've been very lucky with the people in MY life!I was recently lucky enough to attend *Richard Skipper Celebrates the Songs of World War II,* held on Armed Forces Day in May. Richard is in his element as the perfect host â welcoming, relaxed, knowledgeable, and funny. Joining Richardâs party were Diane J Findlay, Sue Matsuki, and KT Sullivan, plus mystery guests Carole Demas and Ruby Rakos. They were first-rate, and sang the heck out of their vintage selections, including some expected classics, and some less well-known songs. Richard Skipper Celebrates is clearly inspired by the old TV variety shows, and by Richardâs intense love for music, performers, and entertainment history. The brunch show at the Laurie Beechman Theatre left me happy, informed, and wanting to celebrate with Richard Skipper again and again. [The next installment is on June 18 for Father's Day!] Most of all, I was reminded of exactly what it was that I loved about Cabaret as a genre: at its best, there is an intimacy about it that leads to an intense bond between performer and audience that I have seldom seen elsewhere.
Maya Amis, Jackson Heights, NY
Though I have not have the great fortune to see Richard's show's live (Please come to Vegas!!!) I do have the great fortune of calling him one of my dearest friends. And that dear ones, is a great blessing indeed. Richard is a blessing to all who he encounters. His positivity will help you through the hardest of days. Truly one in a million :) May God continue to bless all you do!
What a wonderful afternoon at "Richard Skipper Celebrates" at the Laurie Beechman Theatre on June 18th.
Do you remember Johnny Carson and the Tonight Show or WNEW AM from years ago.This show brought me back to those days. Besides being a wonderful entertainer, Richard is an fascinating interviewer. His guests in this show included Sarah Rice and Mark Watson, David Sabella, Warren Schein and special guest Sharon McNight.
It's been such a long time since I have seen such a wonderful show.
Richard has this event as a Sunday Brunch once a month. He is taking the summer off but will return with a blockbuster show on Sunday September 10th. If you are in the New York area please join me to witness talent that is rare seen any more. (September 10th, brunch at the Laurie Beechman Theater on West 42nd Street)
Elaine Marlowe Mitchell, NYC
If you are in the New York area please join me to witness talent that is rare seen any more. (September 10th, brunch at the Laurie Beechman Theater on West 42nd Street)
Elaine Marlowe Mitchell, NYC
Sit Back! A New News Cycle Is About to Begin!
Thank you, to ALL who are mentioned in this blog for showing me that it is up to ME to lead by example!
With grateful XOXOXs ,
There are very few individuals who know more about Dolly Gallagher Levi than I â¦ Oh, and Jerry Herman, of course. However, Richard Skipper certainly comes close. When it comes to the history of Jerryâs brilliant production, beyond the 5000 plus performances of my own, even I turn to Richard Skipper when I have questions about the remarkable ladies who followed me in the role that the world fell in love with over 50 years ago. From the worldâs second Dolly, Carole Cook, to the original Broadway productionâs last Dolly, Ethel Merman, and all of those talented ladies in between.
Pearl Bailey, who made the role of Dolly her own, Phyllis Diller, who has often been mistaken for me and I her, and Eve Arden, who wore the exact same size as I and stepped in for me so I could film Thoroughly Modern Millie. Oh, and donât forget JoAnne Worley, who so patently waited in the wings as my standby and did such a remarkable job of it when she eventually donned Dollyâs red gown for herself. Dolly is Americaâs Hamlet and should be treated with the same respect and played by everyone. I am so glad that Richard has taken the time to chronicle the history of the Dollys. She is theatreâs ultimate Broadway Baby â¦ with all due respect to Maria Van Trapp, Eliza Doolittle, Sally Bowles, Mama Rose and Mame. â Carol Channing
NO COPYRIGHT INFRINGEMENT INTENDED. FOR ENTERTAINMENT PURPOSES ONLY!
Please do what YOU can to be more aware that words and actions DO HURT...but they can also heal and help!
Keeping America great through Art!
Here's to an INCREDIBLE tomorrow for ALL...with NO challenges!
Please leave a comment and share on Twitter and Facebook
Keeping Entertainment LIVE!
TILL TOMORROW...HERE'S TO AN ARTS FILLED DAY
Richard Skipper, Richard@RichardSkipper.com
|Judi Mark, Lucille Carr-Kaffashan, The Chita Rivera Awards...and MORE!|
Happy Friday, March 31st, 2017!
March 31 is the 90th day of the year. There are 275 days remaining until the end of the year.
It is a rainy day here in New York and I am listening to Jenny Burton and The Jenny Burton Experience singing I Want My Life Back as I embark on today's blog. Today is the last day of Women's History Month - There have been and are many women who inspire me. Some of those women are mentioned in this blog in bold.
Jenny was someone I knew in the early days of my cabaret career.
I frequently find myself 'going home'.
This past Sunday night, I went to see Sharon McNight who was doing a show celebrating her beginnings at Don't Tell Mama in 1987, a few years before I began.
Tomorrow night, I head back for a double header, Leslie Orofino at 5PM and Lynne Charnay, celebrating her 90th birthday, at 7PM.
with Leslie Orofino and her fabulous trio
Sat., April 1 at 5:00 and Thurs. April 20 at 7:00 at Don't Tell Mama's.
Daryl Kojak ~ piano, John Loehrke ~ bass and Rex Benincasa on drums. Beloved Sidney Myer will be their guest singer on April 1. Directed by Louis Pietig.
Dedicated to Miss Julie Wilson.
Reserve today after 4pm call 212-757-0788 or www.donttellmamanyc.com
Actress/Singer, Leslie Orofino has been enchanting sold out audiences with her sultry voice from New York City's legendary
Algonquin's Hotel's Oak Room (now defunct) to Napa Valley's Silverado Country Club for over 20 years. Ms. Orofino has several critically acclaimed
cabaret acts and appears with her trio in nightclubs, theaters and benefits.
International Cabaret Star, Julie Wilson exclaimed, " She's a winner...Leslie has a certain elegance mixed with sex appeal that sells each and every song. She's also a great comedian."
Some of Leslie's s musical theater credits range from lead roles as Sharon in Finian's Rainbow, as Mother Abbess in the Sound of Music, Miss Hannigan in Annie, Reno Sweeney in Anything Goes, Meg Broke in Brigadoon at the St. Bart's Players in N.Y.C. to the Westport Country Playhouse as Kay Goodman in Nite Club Confidential.
Dave Nathan said of Ms. Orofino's CD , Moonlight Cocktails, "She delivers each and every song with ease and aplomb. Solid cabaret
and highly recommended." Available on CDbaby.com.
This has been an exciting month for Lucille Carr-Kaffashan! Lucille Carr Kaffashan is an interesting cabaret performer who understand lyric. She is also smart in her singing choices. Her material is from currant female singer/songwriters of the day and I have to admit, I did not know most of this material, which is rich in context and melodic in tone. She is backed by an incredible band consisting of Musical Director and Pianist, Jeff Cubeta, Sean Harkness on Guitar and Matt Scharfglass on Bass, the audience was transported into the emotionality of the material without worrying about vocal techniques or arrangements. Ms. Kaffashan has a wonderful range and a voice that soothes. (Source: Times Square Chronicles)
Lucille and musical director Jeff Cubeta were both honored with Bistro Awards at the 32nd annual Bistro Awards show and ceremony on March 13th. Jeffâs award is for âMusical Directionâ, and her was for Outstanding Theme Show for her most recent cabaret production, Unwritten, Celebrating 21st Century Female Singer-Songwriters.
To celebrate their awards, and just because this show is so much fun, they are bringing Unwritten
All the details are in the flyer (pictured) . If youâve seen the show before and would like to see it again, contact Lucille and she'll happily arrange to waive the cover charge for you!
Times Square Chronicles: ââ¦Ms. Carr-Kaffashan has great interpretation that brings the music alive in so many waysâ¦definitely a singer to catch and to follow to see where she goes nextâ¦ She has the chopsâ¦the talent andâ¦the charisma that audiences will fall in love with.â
Theater Pizzazz: ââ¦a witty and moving musical explorationâ
Also coming up in April:
April 30th 4pm â Lucille will be a guest performer in the Ann McCormack/Woody Regan show âGroovinâ at Donât Tell Mama
There's a lot happening in the world of entertainment and I want to share some of it with you today.
Fred and Adele Astaire Awards Renamed to Honor Broadway Legend Chita Rivera by Broadway.com Andy Lefkowitz - The formerly named Fred and Adele Astaire Awards will be re-established as The Chita Rivera Awards for Dance and Choreography, the nonprofit American Dance Machine announced. ... Now carrying the namesake of a two-time Tony-winning dance icon, the Chita Rivera Awards will be presented under the auspices of American Dance Machine, an organization dedicated to the preservation of great musical-theater choreography. (Source: Broadway Briefing)
Highly Recommended: SALON â that unique, MULTIPLE AWARD WINNING, Weekly Open Mic Event, created and hosted by Mark Janas will return to Etcetera, Etcetera - 352 West 44th Street, NYC 10036 â on Sunday, April 2nd from 7-10:00PM. (Sign-Up Begins at 6:15.)songs written by outstanding artists such as Adele, Sara Bareilles, Susan Werner, Meghan Trainor and Tracy Chapman.
Scott Barbarino has truly been an asset in the NYC entertainment scene AND to ME and deserves the honor and respect by his friends and fellow entertainers. I'm even singing a song! Come and celebrate the life and contributions made by Mr. Barbarino on Tuesdaynight, April 4th. Show your support by calling Metropolitan Room at 212.206.0440
$10 OFF for MAC (Manhattan Association of Cabarets and Clubs) Members.
Up On The Marquee: THE LITTLE FOXES.
Manhattan Theatre Club's new Broadway production of Lillian Hellman's The Little Foxes under the direction of Tony Award winner Daniel Sullivan, is currently in previews at the Samuel J. Friedman Theatre. Laura Linney (Time Stands Still, Sight Unseen) and Cynthia Nixon (Rabbit Hole, Wit), will alternate playing the roles of Regina and Birdie, appearing opposite each other at every performance. (Source: BroadwayWorld.com)
Robert Osborne is smiling down on me! OMG! Look what just happened to me. I normally don't win things!
"Hello Richard! Congrats! You were picked by our judges as the winner of the TCM Backlot âIntroduce a Movie at TCMFFâ contest. "'They really liked your video â your clear love of Jezebel, your ease in front of a camera, your natural stage presence â and your jacket, I must add."
Yacov Freedman TCM Backlot Manager Thank you
JayCee Driesen will be performing at The Festival Marketplace
2900 W Sample Road Pompano Beach Showtime 1:00 pm
This is a Free Concert so bring your friends!
Singing And Shopping makes her a Happy Girl!!
A fun afternoon will be had by all...
Today, my Featured Artist Is Judi Mark!
I FEEL A SONG COMING ON!
Judi Mark returns to the Boca Black Box Theater with an EXCITING new show: an evening of song, dance, and special guest artists with the Phil Hinton Trio!
Please save the date: April 5, Wednesday, 7-9 PM in Boca Raton, Florida.
Over the course of her long career in show business, performer Judi Mark has sung and danced her way through dinner theaters, cabarets and distinguished venues like The Algonquin and The Copacabana. Mark pulled together many of her experiences on the stage into her one-woman show, 'Judi Mark: Dancing Through Life," which paid tribute to the singers and dancers who inspired her throughout her career. Now, Mark is back with her newest one-woman show, I Feel a Song Coming On.
This tribute to old Broadway and Hollywood nostalgia at the Boca Black Box in Boca Raton features music by The Phil Hinton Trio, among other special guests.
Judi tells me that it's time for a NEW show with the focus on
Finish this sentence: I'm very bad at... promoting myself.
Who are Judi's artistic heroes â who have had an impact on her and your work? Liza Minnelli inspired Judi in her early days. Also triple threat and comedic dancers like Shirley MacLaine. And, SHE LOVES LUCY!
One thing Judi would like to change about this profession and why.
I question if it is a âProfessionâ.
The business seems extremely political, driven by money and exploitation of artists. Equity, SAG-AFTRA and others protect their members but Cabaret artists are not protected.
Now, an artist is vulnerable and exploited for the amount of money they can bring to the agent already packaged.
What is it about the business that Judi thinks has changed for the better...and for the worst since she began in it?
Performing opportunities and venues have increased throughout the country. And that is good. The worst is trying to get an agent who will be helpful and motivated.
How important are the arts to you personally?
Very important. It has been my lifeâs work.
Are you making the kind of art that you envisioned you'd be making?
It is always evolving in a creative and fun way.
My mother was a pianist so live music was a daily listening and bonding experience. Classical ballet was a must for me but a trek to get to classes from the suburbs to downtown in Chicago. Community musical theater was a place for me to perform. My father was an electronic engineer and owned a recording company and label. He managed singers when I was young and they played in âgrown up venuesâ in Chicago. It seemed mysterious, glamorous and intriguing to my young self.
My mother. Her grace, style and touch of the piano keys was something I admired as a young girl. I liked her taste in music too-from classical to show tunes and popular. She also wrote songs.
Do you recall some great parties in real living rooms where people got up and sang and told stories?
No. We had to remove our shoes. No parties there. It was more like a museum. I remember a statue of THE Venus De Milo in the living room. I realized at a young age that it was important to keep my figure.
Do you feel like youâre playing a party in somebodyâs living room when you are on stage.
Not yet but Iâm going in that direction!
I have accomplished so much as a performing artist: dancing, singing, acting, teaching, producing concerts and event. I take pride on being independent. I am also proud of my work teaching literally thousands of students that have become successful in the performing arts.
What is the one song that resonates most with you?
Todayâs song: I Feel A Song Coming On
Life is so much better when you stop caring about what everyone thinks, and start to actually live for yourself!!
Words make you think. Music makes you feel. A song makes you feel a thought.â â E. Y. âYipâ Harburg
Let's Celebrate: Richard Skipper Celebrates E.Y. (YIP) HARBURG ON HIS BIRTHDAY! April 8th at 1PM at The Laurie Beechman Theater.
Russ Woolley proudly presents Richard Skipper Celebrates...EY (YIP) HARBURG ON HIS BIRTHDAY!
Richard will be joined by Karen Oberlin, Leslie Orofino, Maureen Kelley Stewart AND...A MYSTERY GUEST
All under the musical Direction of Daryl Kojak with Rex Benincasa on percussion and Jeff Carney on bass. This is a 1PM SHOW! (90 minutes) At The Laurie Beechman Theater Reservations a Must! Please ReserveToday
Nobody celebrates legends like Richard Skipper.
|The interior of the Laurie Beechman Theatre|
|Kenya : Equitel nouveau venu dans le MNVO Mobile Money|
Le groupe bancaire kenyan Equity Bank a fait son entrÃ©e sur le marchÃ© du Mobile Money au Kenya depuis juin 2015, avec le lancement de son rÃ©seau mobile virtuel (MVNO), Equitel. Le marchÃ©Â du mobile Money est de plus en plus florissant en Afrique. Pour lâheure, ce nouveau venu sur le marchÃ© KenyaÂ a dÃ©jÃ […]
Cet article Kenya : Equitel nouveau venu dans le MNVO Mobile Money est apparu en premier sur TechOfAfrica.
|Walkout activists of 1968 honored by SAâs Latino journalists||Walkout activists of 1968 honored by city's Latino journalists for their early political activists, which spurred school finance equity battles, which reached the U.S. Supreme Court
|Free Mini at The Orleans|
Gambling tournaments come in two forms: majors and minis. Major tournaments are multi day events with high entry fees, often real-money buy-ins and large prize pools. Minis are single-day events with low fees and are played with non-negotiable chips for smaller prizes.
One of the best minis to show up in a while is a Wednesday-night baccarat tourney at The Orleans Hotel & Casino that debuted a month or so ago. There is a $50 entry fee and a $3,000 prize pool; each player starts with $3,000 in nonnegotiable tournament chips and plays a round of 20 hands. Whoever ends up with the most chips goes to the semifinals, where the top two totals advance to a six-player final table. The winner takes down a cool $2,000, and the remainder of the pool is split among the other finalists depending on finishing position.
There are a lot of favorable elements at work here. Among them, the risk is limited to the $50 entry, the prize is large enough to get excited about and itâs just plain fun to play. Plus, depending on how many players enter, you might even have whatâs known as an âequity advantageâ in the game: Since the $3,000 prize is guaranteed, you have a theoretical advantage anytime there are fewer than 60 entries total, since 60 is the break-even point where money paid in prizes equals the total taken in (60 players x $50 entry = $3,000).
It works the other way, too, though. Since the tournament has a capacity of 108 players, you could wind up playing for only $3,000 when much more was collectedâusually not a good gamble. Itâs kind of complicated, but you donât have to sweat it, because lately The Orleans has been running the tournament for free. Thatâs right: no entry fee at all and the same $3,000 prize pool. Now you canât lose money, and with a full house of 108 players, your mathematical expectation (skill not considered) is a return of $27.78.
As long as the tournament is free, it will fill up. That means youâll have to get there early to nab a spot. The first round starts at 8 p.m., but registration opens at 6 p.m. and you should try to get there even earlier. If youâre 50 or older, you can parlay the tourney with the propertyâs âYoung at Heartâ promotion that also runs that day, offering a club-point multiplier and a $15 dining credit after playing $300 through a machine. Plus, The Orleans has some of the best video poker schedules in town.
You may have clocked that I mentioned skill being a factor. The bad news is, tournaments are highly skill-dependent, and novices will get that $27.78 expectation cut into by the good players. The positive news is, the most important skill in a tournament is betting your money liberally. Bet big whenever youâre not in the lead and youâll have it half-licked.
Anthony Curtis is the publisher of theÂ Las Vegas Advisor and lasvegasadvisor.com.
|The equity bull market is old but not dead, Citi says||The bull market in global equities is 8 years old, but it is far from finished, according to research by Citi.
|Under The Hood: AdvisorShares Launches Long/Short Hedge Fund ETF (QEH, ALFA, SHV, BIL, WDTI, HDG, QAI)||Michael Johnston: AdvisorShares, one of the largest issuers of active ETFs, made another addition to its lineup this week with the debut of a fund that will seek to capture results of long/short hedge fund managers. The new QAM Equity… |
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|Ed Broadbent testifies to the House of Commons Finance Committee on income inequality|
*CHECK AGAINST DELIVERY*
Last September, the Broadbent Institute issued a major discussion paper Towards a More Equal Canada, which addressed the issue of rising economic inequality. For every $1 increase in national earnings over the past twenty years, more than 30 cents have gone to the top 1% of earners, while 70 cents have had to be shared among the bottom 99%. Â Middle class incomes have now been stagnant for thirty years.
Today is the deadline for filing personal income tax returns. It is a day to remind ourselves that our tax system could move us to a more equal Canada if we made the system fairer, with a particular focus on expanding tax credits for low and middle income Canadians. Â Canadaâs poverty rate is, at 8.2% for children and 10.1% for working-age adults in 2010, far too high and could be reduced significantly through the targeted measures we propose.
Our discussion paper drew upon the work of many distinguished experts, examined the causes and consequences of the growth of economic inequality over the past thirty years, and set out a broad policy framework to reverse the trend and lead us back to a more equal Canada.
We have just released another paper âUnion Communities, Healthy Communitiesâ that highlights the importance of a strong labour movement in building a more equal Canada. Â And we have also published more than twenty responses to our reports from a wide range of points of view, as well as the results of an independent poll of Canadians that revealed their opposition to the growth of inequality and their strong support for corrective measures.
Extreme economic inequality undermines democracy and the common good. Very unequal societies do much worse in terms of both social and economic performance, including in such fundamental terms as health and life expectancy, social mobility (equality of opportunity for children), crime levels, the quality of democracy, and levels of social trust.
The level of inequality in a nation is ultimately a matter of political choice. While it is true that rising inequality is due in significant part to fundamental economic changes such as globalization and technological change which are difficult to manage, it is equally true that some advanced industrial countries have been able to remain much more equal than others. Political choices matter. The empirical evidence â from Canada, the US, Europe and the OECD â is clear.Â
The rise of extreme income inequality has been much greater in those countries which have most strongly embraced a fundamentalist so-called free market agenda, and much less in those countries which have continued to believe in the need for shared progress.
The Broadbent Institute believes that we must, as a society, strike a balance between the roles of the market and democratic government in determining the distribution of economic resources.
The market, properly regulated, is a useful tool for creating wealth. But democratic governments must ensure that that the needs of all citizens, such as access to health care and education as well as the means to secure a decent livelihood, are met regardless of the level of wealth and income acquired through the market.Â
A very important goal of democratic governments should be to protect and promote not only political and civil rights but also to promote social and economic rights. This is essential to secure genuine equality of opportunity, and to ensure fair outcomes for citizens. It is why Canada signed on to the two UN covenants that include both categories of rights in the mid 1970s.
Research by the OECD and the Conference Board among others shows that Canada used to do quite well at striking a balance between having a growing market economy and securing a fair distribution of the fruits of economic growth. But cuts to social programs and public services as well as changes to transfers (income support programs) and the personal income tax system since the mid 1990s have compounded the rising inequality which has been delivered by the market economy
Growing inequality of market income has, as shown in our recent paper Union Communities, Healthy Communities, been driven in significant part by the decline in union density and bargaining power since the 1980s. Respect for labour rights by governments enables unions to ensure that the gains of a growing economy are equitably shared with workers, and collective bargaining has been shown to narrow pay differences, especially pay gaps between women and men.Â
Another major part of the problem has been the increase in precarious employment, meaning that more than one third of working Canadians do not have permanent, full-time paid jobs. Many fall below the poverty line due to low hourly wages and/or not enough weeks of work. These issues have been highlighted in recent reports from the Law Commission of Ontario and the United Way. Yet we have failed to support these struggling workers and their families through the tax system and through improvements to basic employment standards.
As recognized in the Broadbent Institute discussion paper on inequality good jobs are the basic building block of successful societies, and a successful economy combined with strong labour rights is a major force for equality. It has been well documented that countries with strong trade union movements are much more equal in terms of the distribution of market income, and that such countries also tend to be prepared to invest more to promote greater equality through public services and social programs. Canadaâs already acute inequality problem will become much worse if Â Canada imports from the United States so called right to work laws, as well as legislation that limits the ability of the labour movement to act as political advocates for their members and all workers. Bill C-377, passed by the House of Commons and now before the Senate, singles out unions for highly onerous reporting requirements under tax law which do not apply to the activities of other associations, including business associations.Â
Providing key services to citizens outside of the market mechanism is crucial to promoting the goal of greater equality. Our public health care system provides important rights, and these should be extended by ensuring that all citizens have a right to prescription drug coverage and to home and elder care as needed by reason of disability or old age. There is perhaps no more powerful tool for securing real equality of opportunity than major public investments in education, from child care and early learning through post secondary education and adult learning.
As requested by the Committee and spelled out in the motion, this brief will focus on the role of the tax/transfer system in promoting greater income equality.Â
Providing a basic income-tested guarantee to all citizens through a fairer personal income tax system would be a powerful force for greater equality.
The tax/transfer system equalizes income in two important ways first, progressive income taxes mean that the affluent pay to governments a higher percentage of income earned in the market than do middle and low income earners.Â
Second, these taxes help finance income transfer programs (such as public pensions, Employment Insurance, child benefits and refundable tax credits) which benefit those who have middle and low incomes more than those with high incomes. The result is that incomes after taxes and transfers are more equal than incomes earned in the market.
Statistics Canada data (CANSIM Table 202-0703) show that the top 20% of Canadian families receive 47.0% of all market income, but a lower 40.0% percent of all income after taxes and income transfers. The bottom 20% receive just 3.4% of all market income, but a higher 7.1% of all income after taxes and transfers. The middle class (the middle income quintile) has about the same share of market and after tax and transfer income (16.0% and 17.2% respectively).
The Centre for the Study of Living Standards calculate that the income tax/income transfer system reduces inequality as measured by the Gini co-efficient by 24%, with the transfer system having about twice as great an equalizing impact as the personal income tax system.
However, while our tax/transfer system remains modestly re-distributive, the fact remains that we still have a very unequal distribution of income after the impact of taxes and transfers has been taken into account. And, according to the OECD, the re-distributive impact of the system in Canada has been declining since the mid 1990s.Â
The Centre for the Study of Living Standards has also shown that the inequality reducing role of the tax/transfer system in Canada has been falling, and is now 20% below the OECD average. The major reason for the decline in redistribution has been the cuts to social assistance and Employment Insurance programs of the mid 1990s combined with our failure to respond to the growth of more precarious and low paid work.
What major changes might we make to our tax/transfer system?
The Broadbent Institute believes that we should embrace the goal of a basic income guarantee sufficient to eliminate poverty and to help close the growing gap between low and higher income Canadians. Â
This goal should be met by building incrementally on existing income support programs targeted to different age groups and by promoting greater tax fairness.
Step 1: Â The Broadbent Institute supports the long-standing position of Campaign 2000, other anti poverty groups and research institutions that the maximum level of income-tested child benefits should be raised to cover the full cost of raising children.Â
Canada has a basic income guarantee for children in the form of refundable federal child benefits (with additional contributions by some provinces.) Â Child benefits are delivered through the income tax system and are ârefundableâ, meaning that they are paid even to tax filers who do not have a tax obligation. Benefits are paid on a regular basis and are changed as family income changes from year to year.Â
Research by the Caledon Institute among others shows that Canadaâs system of income-tested child benefits has been effective in reducing (though far from eliminating) child poverty, and still pays significant amounts to middle-class families to help meet the costs of raising children. The problem is that the maximum benefits paid by Canada Child Tax Benefit and the National Child Benefit Supplement fall well short of the costs of supporting children.
The cost of raising these child tax credits should be offset in part by eliminating the poorly targeted Universal Child Care Benefit.
Step 2: Â We should significantly increase the federal Working Income Tax Benefit to support working poor individuals and families and to deal with the growing reality of low pay and precarious work.
The greatest gap in the current architecture of Canadian income support programs is for the working age population, especially the growing part of this population who are employed in precarious and low-paid jobs. The working poor and near poor -â those who move in and out of low paid jobs but often fail to attain a decent standard of living â is disproportionately made up of recent immigrants, especially those belonging to racial minorities, persons with disabilities, women single parents, the single near elderly, Aboriginal Canadians, and young people trying to get into secure employment.
Credit should be given to the present federal government for creating the Working Income Tax Benefit, a new form of benefit which has been shown in the US and elsewhere to reduce poverty while promoting employment as the best path out of poverty.
However, the current benefit is extremely modest (less than $1,000 for a single person and less than $1,800 for a family) and is lost completely at low levels of employment income ($18,000 for a single person and $27,000 for a family). Â
The maximum benefit should be increased significantly and phased out more slowly as income rises so that recipients are always better off if they find more weeks and hours of work or find better-paid jobs.Â
Increases to the Working Income Tax Benefit should be matched by incremental increases in minimum wages to raise incomes and also to ensure that income supplements for the working poor do not become subsidies to low wage employers. Minimum wages should be set at a level sufficient to ensure that a single person working full time for a full year does not live in poverty.
Improving conditions for low wage workers will also involve raising minimum employment standards covering issues such as hours of work, rights of part-time workers and pay and employment equity, pro actively enforcing such standards, facilitating access to unionization, and greatly expanding skills training programs for unemployed and under-employed workers.Â
Canada ranks among the bottom of OECD countries in terms of adequate income support for the unemployed. Our Employment Insurance system currently fails to provide benefits to 60% of unemployed workers even though all workers and their employers pay into the system. We must reform EI so that we provide income security to all persons who experience temporary involuntary unemployment.
Step 3: Â Eliminate poverty in old age.Â
Canada already has a basic income guarantee for seniors in the form of the Guaranteed Income Supplement (GIS) to Old Age Security (OAS). The GIS is gradually phased out as income rises and is currently received by about one in four seniors. The fact that the OAS plus the maximum amount of GIS is very close to the poverty line means that very few seniors live in poverty. Indeed, the fact that Canada has the lowest poverty rate for seniors among the advanced industrial countries is evidence of a very successful public pensions policy dating back to the 1970s. However, the GIS does need to be raised to ensure that provides all Canadian seniors with an adequate standard of living, particularly single women seniors in large urban areas who are most likely to experience poverty.
Step 4: Â As a long term goal â and this would clearly involve complex negotiations with the provinces â- we should abolish welfare as it currently exists and replace it with an income support program for working-age adults delivered through the tax system in the form of a negative income tax. This program would deliver regular benefits based on family income, phased-out as income from employment and other sources rises. Â
Canadaâs income security program of last resort, social assistance, paid for by the provinces, provides meagre and stigmatizing benefits which are, as shown in reports by the recently abolished National Council of Welfare, far below the poverty line for almost all family-types in all provinces.
The aim has been, as in the Victorian era Poor Laws, to ensure that even extremely low wage jobs will deliver more income than does welfare. Yet the evidence shows that the vast majority of recipients who are able to engage in paid work do, in fact, seek to work.
Social assistance is of no help to the working poor. A recipient must be unemployed, have no access to family income, and must have exhausted almost all assets in order to qualify. Benefits are cut off after only a very few days of work. At the same time, it is very difficult for many recipients, especially persons with disabilities and single parents of young children, to climb the âwelfare wallâ since leaving social assistance often also means giving up health and housing benefits and since the needed supports and services, such as affordable child care, are not in place.
The aim would be to ensure that working age adults with no or very low incomes from paid work, unemployment insurance, disability benefits and other sources receive a supplement which would be sufficient to secure an acceptable basic income. The supplement would be phased out with rising income rather than being turned off as soon as a person starts to receive employment income. Such a supplement could be partly financed by folding in some current tax credits such as the GST credit.
Such an alternative, a negative income tax, has been broadly championed across the political spectrum, including by Senator Hugh Segal in his published response to the Broadbent Institute paper on inequality, and by the late Tom Kent, the prime architect of Canadaâs social reforms of the 1970s, who wrote the first paper published by the Institute.Â
Without addressing the complex issues, there is also a pressing need for reform and improvement of disability benefits.
Step 5: Â Improvements to income support programs could and should be financed by making our income tax system much fairer.Â
The incomes of the top 1% have risen from 7% to 11% of the total income of Canadians since the early 1980s, while the incomes of middle-class and working Canadians have increased little in real terms. The rising share of the top 1% is the main reason why market income inequality in Canada increased so significantly from the early 1980s to 2009.
Recent Statistics Canada data show the effective income tax rate on the top 1% has fallen from 39.4 per cent to 33.3 per cent since 2000, and the effective income tax rate on the top 0.1 per cent of Canadians, whose incomes start from $685,000 and average $1,519,000, has fallen sharply from 41.6 percent to 35.4 per cent. Â Thus, even as the income share of very high income earners has risen, their effective tax rate has fallen significantly. As we have said before, we should consider changes to top income tax rates.
We should also scale back special tax breaks that deliver huge benefits to the very well off, such as the exclusion of 50% of capital gains incomes from taxes and low tax rates on gains from stock options. (It is reasonable only to tax capital gains above inflation over the period for which assets were held.) We should also be cracking down on tax avoidance by the very rich through offshore tax havens and other means such as sheltering income and wealth within private companies and family trusts. It is time to crack down on the tax cheats who undermine government finances and public belief in the fairness of the tax system, and the present federal government should be commended for their 2013 Budget proposals in this area. Additional revenues can also be gained by more broadly applying the principle of âpolluter pay.â Â Our current tax system allows corporate polluters to offload risk and current and future payments for cleaning up their mess to individual taxpayers. Â This isnât fair, and needs to be changed.
There is much more to dealing with inequality than reforms to the tax/transfer system. However, changes in this area could narrow the widening gap between the very affluent and the middle class, and also lead us closer to the goal of eliminating poverty in Canada.
In summary, concrete steps can be taken to make our tax system a much more effective vehicle for closing the growing gap in Canada between the very rich on the one hand, and the middle class and the poor on the other. The priority should be to eliminate poverty by expanding refundable tax credits, especially for the working poor who fall through the cracks of our current income support system. Our tax system would also be much fairer if we closed special tax loopholes for the very affluent, ensured that corporations pay to clean up their own mess and cracked down on tax cheaters.
|Confronting the Urban Housing Crisis in the Global South: Adequate, Secure, and Affordable Housing||Working Paper|
This paper discusses the challenge of adequate, secure and affordable housing in the global south.Robin KingMariana OrloffTerra VirsilasTejas PandeWorld Resources ReportAfricaLatin AmericaSouth AsiaWRI Ross Center for Sustainable CitiesCreative CommonsTowards a More Equal City
This working paper on urban housing is the latest installment of WRIâs flagship World Resources Report (WRR), âTowards a More Equal City.â The report examines if more equitable access to core urban services improves the economy and the environment.Featured ResourceCustom Tabhousingurban policyequitysustainable cities
|Comment on Do Better. A response to Dan Meyerâs Letâs Retire the #MTBoS by Allison Krasnow||Anne: Hi. I don't think we've met in person. So hi. I really appreciate this post and echo your feelings. Thank you for taking the time to write about them so eloquently, as Julie also mentions. I agree with nearly all of Dan's sentiments (and assume he's following this thread), but agree that the timing and taking matters into his own hands to propose change didn't acknowledge or honor the amazing work & reflection that has been done and continues to be done every day among the entire #MTBoS community, but especially the small-ish group of teachers who are continually involved in supporting and growing our community. Most importantly, to me, is that the MTBos community was initially formed by a group of classroom teachers. I was lucky enough to meet Tina, Sam and Kate at PCMI 2011 and the ONLY reason I learned about this community is because of their encouragement for me to belong, way back then and at many explicit moments along the way. To me, what makes the leadership of this community unique (and I would argue that there are leaders...who have become that because of years of sweat equity), is that it's led by classroom teachers. Period. As someone who left the classroom several years ago, I don't feel my voice should be as powerful as those who are currently classroom teachers. This is a community which unites many of us in all sorts of roles, however honors the work of classroom teachers in a very unique way. To me, TMC is just that. A professional institute run by classroom teachers for classroom teachers. While others of us who are outside the classroom attend, present and learn, what makes it different from other institutes is that it was founded by and continues to be led by current classroom teachers. (Full disclosure... I have actually never been to TMC, so feel free to tell me I'm totally off base if necessary) So honestly, what rubbed me the wrong way wasn't Dan's sentiments at all, but that as a non-classroom teacher, he suggested a change without collaborating with the classroom teachers who are, in my opinion, the most powerful leaders of this community. I know that trusting and learning from the expertise of classroom teachers is a huge piece of both Dan and Desmos' work and I have seen that in action over and over again. For me, in the moment of the # proposals, this core value was overlooked.|
|Participating Lenders||Our participating lenders are listed below. They support Coastal Homebuyer Education financially and they take part in the actual workshops by speaking and hosting.|
Align Credit Union:
Judy Dodier, 7978-275-2717
Mass Housing, FHLB Equity Builder
Fairway Independent Mortgage:
Diann May, 978- 807-8918
Mass Housing, NH Housing, FHA, VA, USDA
Institution for Savings:
Nancy Taylor, 978-462-2344
in-house first time buyer program
The Newburyport Bank
Anjelica Fontanez-Ordonez, 978.225.7704
Mass Housing, NH Housing , VA
North Shore Bank
Joanne Donovan, 781-426-2168
Mass Housing, FHLB Equity Builder
|Negative Housing Equity Falls Quarter Over Quarter 2015|| |
The Federal Savings Bank comments on data presented in a recent article regarding negative equity prices.
(PRWeb September 19, 2015)
Read the full story at http://www.prweb.com/releases/2015/09/prweb12972347.htm
|Tackling obesity: Foundations and nonprofits go local for greater impact|
Special to Philanthropy Journal
Even as childhood obesity rates are starting to level off in this country, 5 five percent of American children and teens remain severely obese, according to new information from the American Heart Association. Individuals in low-income communities across the nation are statistically more likely to suffer from obesity and obesity-related diseases such as diabetes and heart conditions.
As obesity rates have increased in the United States, we have been provided a broader view to see and understand the factors that multiply the issue, from genetics to food access. And, unfortunately, itâs a fact that individuals living in low-income communities eat greater amounts of cheap, unhealthy foods, contributing greatly to the public health crisis.
Driving collaborationâCommunity by community
Recently, the Aetna Foundation sponsored an international meeting on global health and wellness. The meeting brought together 100 of the most notable national and international experts on obesity and chronic disease. As experts discussed successful efforts to combat obesity, it became clear that local programs are having a significant impact in changing peopleâs health across the U.S.
As a physician and president of the Aetna Foundation, Iâm continuously reminded of the duty we have to help advance the health of children and adults. Over the years, Aetna and the Aetna Foundation have supported disease prevention programs, helped revitalize neighborhoods, provided aid to those in need and listened to the varied voices that shape our community and our nation.
Today, as we work to increase the health and quality of care for individuals and communities, we also focus our energy on possibilities that may lead to meaningful improvements in health and the health care system. Foundations play a vital role in making this happen, with their ability to bring together experts and assets to address the preventive and individualized care that promotes health and wellness.
Foundations can utilize grant support and research to serve as catalysts for sharing information, collecting data and bridging partners with a common goal in a way that conventional businesses and other nonprofits cannot. We operate in an area that makes it possible to bring together policy makers, businesses, health professionals and community nonprofits to look holistically at the issue at hand and together develop the changes necessary for positive health outcomes.
Along with the work of foundations and nonprofits on a national level, the Aetna Foundation provides grant support to a number of local nonprofits implementing programs in low-income communities to increase access to healthy, fresh foods. Take, for example, the Double Up Food Bucks program from the Fair Food Network helps recipients of the Supplemental Nutrition Assistance Program (SNAP) make the most nutritious use of their food stamps. Started in 2009 as a pilot project at five Detroit farmersâ markets, the program has expanded to more than 150 markets throughout Michigan. Through this program, SNAP recipients can double their purchasing power at participating farmers' markets to buy locally grown fruits and vegetables. Through a study we supported by Fair Food Network and several similar organizations, we determined that incentive-based programs are effective at promoting healthier eating habits.
In Brooklyn, United Community Centersâ East New York Farms project has significantly increased the availability of fresh produce. In this low-income neighborhood, the project supports two community-run farmersâ markets, manages two urban farms and provides resources and horticultural know-how to expand the number of community gardens and backyard vegetable beds.
On the other side of the country, Special Service for Groups has launched a program to enroll low-income residents of several Asian neighborhoods in their own Community Service Agriculture program, which provides biweekly bags of locally grown, organic Asian vegetables at a greatly reduced price.
As a foundation, we have a unique opportunity to help improve health and wellness for people across the nation. In my days as a practicing clinician, I held the importance of each and every individualâs health as paramount. In my role as a grant maker, I strive to bring this sense of passion and mindfulness to help change lives through continued research and partnerships.
Dr. Garth Graham is president of the Aetna Foundation. In this role, Dr. Graham is responsible for the Foundationâs philanthropic work, including its grant-making strategies to improve the health of people from underserved communities and increase their access to high-quality health care. A national authority on health disparities and health care quality, Dr. Graham is a frequent spokesperson for the Foundation on health care and health equity issues.
|New: Wrongful Fusion: Equity and Tort||Equity and Tort appear to be strangers. Beyond historically making equitable relief available in some cases, equity did not intervene in tort law to the extent it did in contract and some aspects of property. And yet substantive equity focuses on wrongful conduct and affords persons the opportunity to seek remedies for such conduct through the courts. Are there âequitable wrongsâ, and, if so, how if at all do they differ from torts? We focus on a particular function loosely associated with historic equity jurisdiction: equity supplements the law where it fails to address problems that are difficult to handle on the same âlevelâ on which they arise. In situations of conflicting rights, party opportunism, and interacting behavior, it is difficult to formulate solutions that do not make reference to the ordinary (primary level) set of rights and rules. Thus, it is often more effective to frame âabuse of rightsâ in terms of what one can do with rights rather than formulate the right to ... |
|India as a career move (spring 2011 update)||This is the latest in a series of posts related to career options developing in India which I started putting together for business school students and professionals seeking my advice. Most interesting developments to report on are in venture capital, private equity, investment banking, and entrepreneurship. |
|VCPE interest in India, China more guarded now||During my recent trip (Feb 2011) to Europe I spent some time with a several limited partners (LPs) and analysts who monitor fund flows into venture capital and private equity funds in Asia, Europe and the US. I was intrigued to learn that investors are suddenly more guarded in their enthusiasm about Asia while interest in the US and Europe is returning.|
|Learn from my mistakes|
My regular readers know that I've recently found myself in a financial mess. I was very fortunate that secured loans are available to homeowners and I was able to rescue myself. What's so embarrassing to me is that I should not have gotten into such a mess in the first place. I had a very good business year a few years back. Never having had a lot of money on hand, I handled the excess very poorly. I re-roofed my home. I bought my first ever brand new car to work out of. I upgraded some worn-out features on my home and added a new room. And I paid for it all in cash. The expenditures were all appropriate and needed, but paying cash was a huge mistake. I found myself with nothing left in the bank when other expenses came due.
I've learned a lot from the mistakes I made. As my readers know, I got a remortgage quote and was able to bail myself out. I even borrowed a little extra against the equity in my home to catch up the bills that accumulated when I ran out of money. It really feels good to be back on firm financial footing. And now that I have a better understanding of loans, I know how to handle the additional work my house needs. When I am ready to remodel my kitchen and bathrooms, my first step will be to find out about getting a home improvement loan for the work instead of using up money that should be going into a retirement fund and savings.
I love my new room and the other changes I've made to my home, but the entire process has been very painful and stressful for me. It doesn't have to be that way! If you're planning on remodeling or upgrading your home, your first step should be to fill out a mortgage application so you can borrow the money that you'll need. If what I went through serves any purpose at all, perhaps it's to be the bad example for you so that you won't have to repeat my mistake! UK Personal Loan Store sponsored this post, and you can learn all about doing it right on their site.
|Ed Asner is My New Boyfriend|
ânow what you hear is not a test--i'm rappin to the beat
and me, the groove, and my friends are gonna try to move your feet
see i am wonder mike and i like to say hello
to the black, to the white, the red, and the brown, the purple and yellowâ
Thatâs right, The Girlfriend Mom got her rap on with THE Wonder Mike and Master Gee, from the original Sugarhill Gang Saturday night. I was the Production Coordinator for The Garden State Film Festival and da boys were the subject of a documentary that we screened, called, I Want My Name Back. Due to some unsavory characters and unethical practices, the band lost the right to use their own names, as well as the name of the band, The Sugarhill Gang, back in the 70âs. A real tragic story.
âya go hotel motel whatcha gonna do today (say what)
ya say im gonna get a fly girl gonna get some spankin
drive off in a def oj
everybody go, hotel motel holiday inn
say if your girl starts actin up, then you take her friendâ
I should have asked them what an oj was. No mind. A good time was had by all.
The concert was off the hook, but the real fun was having Mr. Lou Grant himself, Mr. Ed Asner, introduce the documentary. Mr. Asner was at the festival to receive a Lifetime Achievement award. I donât know who came up with the idea, but Mr. Asner agreed to say a few words before the screening.
I acted as stage manager for the night and got to wear a headset. Iâm pretty sure I became an Equity stage manager (one of my many illustrious careers), for the headset. The same could be said for working on movie sets. âCopy that. Coffee is flying in.â That device reeks of importance.
Mr. Asner and his lovely daughter, Liza (with a Z), arrived backstage, and there was the crotchety and loveable newspaper man in the flesh. He is truly adorable. While I waited for my cue to call Mr. Asner out on stage, I took the opportunity to meet the man, the myth, the voice of the old guy from the movie, âUpâ.
The following is a verbatim account of my conversation. I donât know if it was the peanut butter M&Mâs that I inhaled an hour earlier, or the excitement of wearing a headset, but I was hopped up and suffered from diarrhea of the mouth. On the upside, at 83 years old, Mr. Asner is funny, gruff, humble and approachable. Just like me.
ME: Hi, Mr. Asner, Iâm Dani. Iâm coordinating the festival.
He grabs my hand.
ED: Hello there.
ME: Itâs such a pleasure to have you here.
Still holding my hand.
ED: Itâs a pleasure to be had.
ME: I think itâs great and funny that youâre introducing the Sugarhill Gangâs movie.
ED: Funny? How so?
ME: Well, itâs bringing two different worlds and cultures together and...
He lets go of my hand, smiles and furrows his brow.
ME: Itâs a great juxtaposition. You know what I mean.
ED: Whatâs your last name?
ED: Are you Yiddishkeit?
I hoped he was asking because of the sassy, and funny way that I was talking to him, and not my frizzy hair.
ME: Yes I am. And thanks for asking. (No idea what I meant by that)
ME: Why?Youâre not Jewish. Are you?
ED: What do you think? Argh, come on.
This is when I regretted not doing a full background check. Not only is he Jewish, but he was raised Orthodox. I forgot to be embarrassment because I was on such a sugar and Sugarhill Gang high.
ME: I donât remember you being in Adam Sandlerâs song.
ED: Yeah, I lost money on that.
ME: Are you excited about doing "Home Alone 5"?
He was flying to Canada after the festival to film.
ED: Eh, it's only one day of shooting.
ME: Do you think you'll do any more animation?
ED: If they want me.
ME: I loved "Up"...
And here's where the sugar really kicks in.
ED: Yeah, it was a sweet movie.
ME: No, I mean, it was so touching. And you were so funny.
Ed's just nodding at this point.
ME: It really tugged at the heart strings.
I place my hands gently over my heart.
ME: It really made me cry. (awkward pause) Okay, well, you get it.
We both took a breath.
ME: Well, Iâll leave you to âAn Actor Preparesâ.
Theater reference to a famous acting book by Stanislavski.
ED: What do I need to prepare?
ME: So true. Just go out there and be yourself.
ED: You mean be humble.
ME: Youâre Ed Asner. Just be Ed Asner, thatâs enough.
ED: Okay, now get away from me.
And with that, me, my headset and my mouth, walked away.
At the awards dinner the following night, I brought my boyfriend over to Mr. Ed Asnerâs table, so he could meet him. I leaned over his shoulder, watching him sign autographs.
ME: Excuse me, Mr. Asner, remember me, from last night, backstage.
He looked up and again furrowed his brow.
ED: You had your hair up last night. It looks much better down. Donât ever put it up again.
He shook my boyfriendâs hand.
ED: Nice catch but keep her hair down. Now get away from me.
And with that, me, my boyfriend and my long and luxurious hair walked away.
|Dark Money and the new American politics|
Last weekend I finished Dark Money by Jane Mayer, which appeared last year. It was marketed, largely, as a history of the involvement of the fossil fuel magnates Charles and David Koch in American politics over the last few decades, but it is much more than that. I intend in what follows to summarize what I found in the book, but from a slightly different perspective than Mayerâs, and without much of any attention to the voluminous, and fascinating, personal data that she provides about the Kochs and other financiers of our new âconservativeâ political movement. Instead I am going to treat the book as the first draft, as it were, of a genuine political history of the last 40 or 50 yearsâbecause it explains more about where we are and how we got here than anything else that I have ever read. Mayer leads her readers through the story in rough chronological order, and I recommend the book to everyone. I on the other hand am going to try to identify its major features in an effort to explain how we got to the miserable point at which we find ourselves.
Charles and David Koch are the most striking example of extraordinarily wealthy Americans who have had an outsized impact on the politics of the last forty yearsâand whose impact is reaching a new peak right now. They followed in the footsteps of their father Fred, who in the 1950s was one of the founding members, along with candy manufacturer Robert Welch, of the John Birch Society. Nothing illustrates what has happened to American politics in my lifetime in more striking fashion than this. The ideas of the John Birch Society, a group of fanatically anti-government lunatics who in the 1950s identified Dwight D. Eisenhower as a member of the international Communist conspiracy, are now the single most influential set of ideas in American political life. Their main tenets are an unlimited faith in free enterprise and a conviction that government attempts to moderate the negative impacts of capitalism are simply a power grab designed to establish dictatorship. And because of the success of their political movement, their fortunes have grown by orders of magnitude over the last few decades.
In addition to the Kochs, the superrich political elite has included John Olin, a chemical manufacturer; Richard Mellon Scaife, a scion of a Pittsburgh family prominent in banking and industry; and Harry Bradley, another Birch Society acolyte who ran the Allen-Bradley Electronics Company in New York. In the middle of the twentieth century, when marginal income tax rates topped out at 91%, these men had all taken advantage of a provision in the tax codeâfirst used by the Rockefeller familyâto create a âphilanthropicâ foundation to shield substantial portions of their enormous income from taxes. Unfortunately, the definition of philanthropy has been broad enough to include the subsidy of a particular ideologyâand ultimately, direct intervention in politics. That one tragic flaw in our tax code has reshaped opinion and redistributed power at every level of American government.
Now I have rarely been impressed by any of the ideas coming out of the new Right during the last few decades, but like many liberal Democrats, I suspect, I have assumed that conservative intellectuals had honestly come by their ideas. I am not suggesting now that they have lied about them, but Mayer leaves no doubt that the entire new right wing intellectual establishment was created from the ground up by the handful of major benefactors listed above. Both the American Enterprise Institute and the Heritage Foundationâthe two centers of conservative âthoughtâ in Washingtonâwere originally funded largely by Richard Mellon Scaife. The Bradley and Olin Foundations were also powers behind the Heritage Foundation, and the Kochs have been involved as well. I have always thought of the Cato Institute as a nest of principled libertariansâpartly because it tends to oppose foreign interventionsâbut it turns out to have been started by Charles Koch. Charles Murray was an unknown writer before the Olin foundation adopted him and subsidized his first book, Losing Ground, arguing that social programs were hurting the poor. (Spoiled, perhaps, by success, Murray went a bridge too far when he and Richard Herrnstein argued in The Bell Curve that black people were intellectually inferior to whites.) And I was amazed to learn from Mayer that the Bradley foundation gives four annual awards of $250,000 each to leading conservative journalists, activists, and intellectuals. Winners have included George Will, Charles Krauthammer, Thomas Sowell, Ward Connerly, Heather MacDonald, Shelby Steele, Victor Davis Hanson, John Bolton, William Kristol, Paul Gigot, Michael Barone, Jeb Bush, Harvey Mansfield, Edwin Meese, Roger Ailes of Fox News, General John Keane, and Charles Murray.
Changing the intellectual climate was step 1 in the program. Another spectacularly successful front was opened within the American legal system, Started in 1982 with money from the Olin Foundation and affiliates of the Scaifes and the Kochs, the Federalist Society has become a behemoth, an organization of conservative legal thinkers that includes all the conservative members of the US Supreme Court. That is not all. The Olin Foundation has sponsored two week seminars on Law and Economics for sitting judges, somewhat reminiscent of the seminars drug companies hold for physicians at major resorts. There they have exposed sitting judges to the evils of regulation and the glories of the free marketâand this may explain some of the more extraordinary decisions that federal courts have handed down lately, such as one that limited the legal definition of insider trading to narrowly as to make most prosecutions for it impossible.
Nor is this all: the foundations have not hesitated to challenge liberal intellectuals in their own presumed stronghold, universities. Using the irresistible lever of their wealthâwhich no American university, in this day and age, can resistâthey have established beachheads such as the Olin Center at Harvard University (promoting conservative ideas on foreign policy) and several institutes at George Mason University, conveniently located in the Washington suburbs. These have opened career paths for conservative public policy intellectualsâat the same time that mainstream academic departments have been going in directions largely irrelevant to real politics.
This vast intellectual infrastructure works in tandem, of course, with the right wing media, led by Fox News and Clear Channel Radio, to shift public opinion on key events. The alternative media outlets are largely self-financing, of course, but I was very surprised that another key rightwing organization, Freedom Worksâfunded largely by the Scaife foundationâhad paid Glenn Beck more than $1 million a year to allow them to write his monologues. And this infrastructure has not only convinced many Americans, and probably most better-off Americans, that social programs do more harm than good, but it has also convinced millions that lower taxes on the wealthy increase economic growthâand, critically, created real doubt as to whether man-made global warming exists. Mayer traces the campaign against global warming effectively. It employed some of the same personnel and used the same playbook as the tobacco companiesâ earlier effort to create doubt as to whether cigarettes caused cancerâbut evidently with far more significant results. (I am leaving out of this essay the names of many key operatives within the network who have organized particular legal, lobbying and electoral campaigns. They are the battlefield commanders of our new political struggle.) The intellectual infrastructure also carries out campaigns against academics and journalists who stand in its wayâincluding Mayer herself.
The other long-running campaign waged by the new right was the attempt to undo a century of regulation of spending on political campaigns. At the dawn of the Progressive Era a consensus emerged that the influence of money on politics had to be restricted, and Watergate had reinforced that lesson. But the counteroffensive against regulation began in the decade after Watergate, won various victories, and culminated in the Citizens United decision, the Kochsâ and their alliesâ greatest and perhaps most influential triumph. The floodgates are now open, and the results are clear for all to see.
The right wing network gained much power over the Republican Party by 2000 and was rewarded by very friendly Bush Administration policies towards the energy industry, which turned fracking loose and set the US on the path to energy independence. It could not prevent a groundswell of negative feeling against the Bush Administration in its second term, however, or stop the election of a Democratic Congress and Barack Obama. But it went into high gear to stop Obama from accomplishing very much. To begin with, implementing a long standing plan to form a mass base, the Kochs and their allies took advantage of the financial crisis to get the Tea Party movement going in 2009. Their newly won financial power under Citizens United allowed them to intimidate virtually every Republican Senator and Representative with the threat of primary opposition, bringing them all into line for total opposition to the President. The Kochs now hold seminars every year for Republican officeholders, where they are informed in secret of the party line. They convinced millions of Americans that the financial crisis was really the fault of the federal government. When Obama threatened the carried interest tax loophole, their lobbying organizations found new allies among private equity titans and hedge fund managers on Wall Street. All this enabled the Republicans, backed by this network of plutocrats, to win their extraordinary victory in the 2010 elections. After redistricting was finished with the help of techniques provided by the same set of conservative donors, the Republicans probably had secured control of the House of Representatives for the rest of this decade.
The Koch network has also made a huge and successful effort at the state level, making the Democratic Party irrelevant in large parts of the nation. Originally founded with Scaife money in the 1970s, the American Legislative Exchange Council (ALEC) now writes draft anti-government, pro-business legislation for state legislatures all over the country. Local Kochs have also sprung up, such as Art Pope, a North Carolina discount store owner who in the last decade has taken over the state Republican Party and orchestrated its (now partial) takeover of the North Carolina state government. At the national level, ideological loyalties are still strong enough to allow Democratic candidates to win the popular vote in 4 of the last five Presidential elections, but at the local level, in red and some purple states, there is no alternative force that can stand up to the Koch-led network. And the ultraconservative domination of state legislatures poses perhaps the greatest threat to our democracy of all: a constitutional convention called by those legislatures which could rewrite key provisions of the Constitution along more âlibertarianâ lines.
Another chapter of this story does not appear in Mayerâs book. She finished it when Donald Trumpâs presidential candidacy had just begun, and he initially exchanged insults with the Kochs, who did not trust him. Six months into his Administration it seems to represent an unqualified victory. The Kochs had a long-standing connection to Mike Pence. The DeVos familyâthe founders of Amway, an organization that has escaped serious legal trouble more than onceâhas also been a long-standing member of the megadonor network with a particular interest in education, and they have provided Trump with his education secretary. The EPA and the Department of Energy and firmly in the hands of Koch allies and are now taking the skeptical line on climate change. New rounds of tax cuts are being prepared. The Kochs are undoubtedly unhappy about the failure to repeal the ACA, but they now hold more levers of power than they ever did.
A political revolution has been in progress for more than four decades, a reaction to the New Deal and the more just society that it created. Fueled by successive rounds of tax cuts, this revolution has created a tiny group of billionaires that now control most of our political life. This is way, as a widely cited study by Marin Gilens and Benjamin I. Page discovered, the beliefs of average American citizens and broad-based activist groups on key issues have very little influence on policy outcomes, while the beliefs of interest groups have a great deal. It's also why most Republicans will vote for legislation that will clearly hurt far more of their constituents than it will help. This is, I believe, the new America that our current Fourth Turning has created, and like the Gilded Age, it will not be overturned, in all probability, for a very long time.
|Food and the City: Making Density Palatable||Moderated by DWT partner Jim Greenfield, the third installment of DWT and Forterra’s Creating a Great Global Region series was an interesting and engaging evening focused on how social equity, community building and conversation of farmland intersect around food. The event consisted of a panel discussion of prominent members of the local agriculture and hospitality... Continue Reading|
|Postponing a Purchase|
You might be surprised how many people contact real estate offices because they want to buy a home but they don’t have the down payment or the credit to qualify. Occasionally, an agent will be working with someone who does have the down payment and credit but for whatever reason, decides to postpone the decision to purchase now for some point in the future.
It’s not uncommon that once they’re out of the market, the money starts burning a hole in their pocket and they end up buying a boat or a motorcycle or some other thing that cannot positively affect their lives and security the way a home does.
If the money had been put away somewhere safe like a certificate of deposit, it wouldn’t earn a lot but it would be there when they decided the time was right to buy a home. $8,750 would grow to $9,286 in three years in a 2% CD.
For the person who could tolerate a little more risk, they might consider investing in the stock market. If you found a mutual fund that would earn 7%, at the end of the same three year time frame, the $8,750 would have grown to $10,719.
Alternatively, if the would-be buyers used the same amount to purchase a $250,000 home that appreciated at only a modest one percent, the equity in the home at the end of the same three year period would be $29,597.
The dynamics of earning appreciation on the value of the home rather than just the down payment combined with the amortization of the mortgage makes the equity in the home almost three times greater than the mutual fund. If you used a 2% appreciation, the equity would be over $37,000 in the same period.
Obviously, there are legitimate reasons for postponing the purchase of a home. An important thing to remember is to safeguard the hard-earned down payment so it is ready when you are to buy in the future.
|Leverage - A Maximum Advantage|
Leverage gives the user a maximum advantage whether it is physically lifting a large object or rapidly building equity in a home. In the case of the home, the high loan-to-value mortgage allows the profits made to be greater than simply the cash invested.
A $250,000 home can be purchased on a FHA loan with a 3.5% down payment of $8,750. If the home appreciates at 2% a year, in seven years the equity will grow to $75,920 due to the appreciation and the amortization of the mortgage. That would be a remarkable 36.2% rate of return.
It is estimated that homeowners have a 45 times higher net worth than renters. Since the obvious difference is that renters don’t own a home, owning a home is a distinct advantage. The leverage that allows a borrower to control a much larger asset with a small down payment gives them a return on the much bigger asset than on just the down payment.
Another interesting contribution is the forced savings that occurs with each payment made on the mortgage. A portion of the payment is applied to principal so that the loan will be paid in full by the end of the term, usually 30 years. The amortization on the 4% mortgage example from above has approximately $4,300.00 paid in the first year to reduce the principal which increases the owner’s equity in the home.
For people who have the necessary funds for the down payment and good credit, buying a home can be a financially stabilizing event. While research on the Internet can provide valuable information, there is no substitute for having a face-to-face meeting with a trusted professional to determine your specific facts.
|Pay Yourself First|
The principle to pay yourself first has been referred to as the Golden Rule of Personal Finance.
The concept is that one of the first checks you write each month is for your own savings. The rationale is that if there is no money left after a person pays their bills, there is nothing to contribute to savings or investments that month.
By establishing a priority to save, a person realizes that the balance of their monthly income must cover living expenses and other discretionary spending. This is a much different strategy than saving what is left over from monthly expenses and other spending.
Many financial experts have likened an amortizing mortgage to a forced savings account because a portion of each payment is applied to the reduction of the principal amount owed. Some homeowners have taken that concept further with a shorter term mortgage to build equity faster.
In the example below, a $250,000 mortgage at 4% interest is compared with two different terms. The 30 year mortgage would have payments of $1,193.54 each month with the first payment having $360.20 being applied to the principal. Each payment would have an increasingly larger amount applied to the principal.
The 15 year mortgage would have payments of $1,849.22 each month with the first payment having $1,015.89 being applied to the principal. The $665.68 difference in payments goes toward reducing the loan amount and acts like a forced savings.
A homeowner might opt for the longer term and intend to put the difference in the two payments in a bank savings account each month or make an additional principal contribution to pay the mortgage down. However, as any person responsible for paying household bills knows, there will always be something that comes up that could hijack your intentions.
By committing to the shorter term mortgage, a borrower is committing to make the higher payment each month and the benefit is that it will reduce your principal balance faster.
Similar to an annual wellness physical, homeowners should consider an annual review of the financial elements of their home. It’s particularly valuable based on the fact that their home and its equity is generally, one of their largest assets.
We’d be happy to provide this information at no obligation as part of our on-going commitment to providing homeowner information, both in general and specifically, to our contacts. It is part of a long-term strategy whereby we hope to earn your loyalty and referrals when you do need our services to buy or sell.
|It's a Big Difference|
Let’s say that you just won $8,750 on a lottery scratch-off ticket. You’ve decided to be frugal and invest the money and have decided on three alternatives: buying a certificate of deposit, a mutual fund or use the money as a down payment for a $250,000 home.
To compare the three alternatives, let’s look at the equity in each one three years from now.
The certificate of deposit can be invested at 1.3% in today’s market and you believe you can reasonably earn 5% on a mutual fund. You expect the home to appreciate at three percent a year.
The certificate of deposit would be worth $9,096 at the end of three years and the mutual fund would be worth $10,129. However, the equity in the home at the end of three years would be $45,204. That is a four time’s higher yield on the home.
One of the main reasons for the big difference is that the buyer benefits from leverage: the use of borrowed funds to increase the results. The $8,750 down payment is controlling a $250,000 investment. The appreciation is determined by the price and not merely by the cash invested. Another factor is that the loan balance is smaller at the end of five years than originally borrowed due to amortization.
There are certainly other factors to consider such as maintenance and other expenses but when the financial benefits are as strong as they are, it certainly deserves a much closer investigation. One of the first things to consider is whether the borrower can qualify for a mortgage and the only satisfactory way to be certain is to get pre-approved by a trusted mortgage professional.
Use the Your Best Investment calculator to make your own projections.
|Early Burnout Could be Good|
Most of us understand the expression "burning the candle at both ends" to mean working so hard that you burn yourself out. Normally, that wouldn’t be a good idea unless it is intentional.
If the candle is your mortgage and the strategy is to get it paid off early, being “burned out” would be a good thing. One end of the candle would be your regular mortgage payments and the other end would represent additional principal contributions.
Since the Great Recession, lenders have been reporting a higher than normal number of borrowers getting shorter term mortgages not only when they purchase the home originally but when they refinance them also. It seems like the mindset of America’s homeowner has shifted a little from the belief that they will always have a house payment.
The extra $100, $200 or $500 in your checking account isn’t earning interest. Additional principal contributions with your regular payments on a fixed rate mortgage will save interest, build equity and shorten the term of the mortgage.
Wealth management is about making financially wise choices. If having your home paid for by retirement age is one of your goals, making extra contributions regularly could get you there. Use this Equity Accelerator to see how it will affect your loan.
One of the big banks has a voluntary program available that transfers $100 each month from your checking account to your savings account. In five years, the account owner would have over $5,000 because of a type of forced savings.
Similarly, when a person buys a home with a standard amortizing loan, each month, a part of the payment is used to reduce the principal loan amount. Amazingly, over $4,000 would be applied toward the principal in the first year of a $250,000 mortgage at 4% for 30 years. In five years, the loan amount would be reduced by almost $25,000 through normal payments.
The other dynamic that is in play is that while the unpaid balance is being reduced, appreciation causes the value to increase. The difference between the two makes the equity grow even faster. Three percent appreciation on a $250,000 home would increase its value in five year by almost $40,000.
A 30-year mortgage of $250,000 will be paid for in 30 years. At an average of 3% appreciation, the asset would be worth about $600,000. If you continue to rent, the asset belongs to your landlord instead.
Many experts believe that the homeowner benefits from the forced savings of amortization and the leveraged growth that takes place in the investment. It has been observed in the tri-annual Consumer Finance Survey by the Federal Reserve Board that homeowner’s net worth is considerably higher than that of renters.
|More Equity...More Options|
The more equity in your home, the more options you have. Since equity is determined by the difference between value and what is owed on a property, when homes lost value during the Great Recession, homeowners’ equity decreased.
Negative equity occurs when the value is less than the mortgage owed. According to CoreLogic, 91% of all mortgaged properties have equity and only 4.4 million properties remain in negative equity at the end of the second quarter in 2015.
A homeowner, who qualifies, can release part of their equity by refinancing the existing loan and taking out additional cash or by getting a home equity loan. The benefits include:
It could be as simple as waiting for positive home equity so owners can move to another home without having to pay out-of-pocket expenses to sell their home.
|Look at a Rental This Way|
Appreciation, tax advantages, cash flow, leverage and equity build-up contribute to the rate of return on rental real estate. If that sounds confusing and it’s keeping you from investing in rentals, try looking at it a different way.
Consider this, look at only cash flow and equity build-up to determine whether to buy the property. They are easy to calculate and their outcomes are both reliable and predictable.
Most homeowners, based on their familiarity with their own home, should feel more comfortable with a rental than alternative investments. A conservative strategy is to purchase slightly below average price range homes in a predominantly owner-occupied neighborhood. Collect the rent, pay the bills and make necessary repairs.
A cash on cash rate of return is determined by dividing the cash flow before taxes by the cash invested in the property. It considers all of the “real world” income and expenses related to the property.
In this hypothetical example, the combination of the Cash on Cash and the Equity Build-up is almost 12% which is considerably higher than certificates of deposit and bonds and nowhere near as volatile as stocks or mutual funds.
In most of today’s markets, rents are expected to continue to rise and due to a low inventory of homes for sale coupled with growing demand, prices will continue to rise. Even though there is value in appreciation, tax advantages and leverage, they could be considered an unexpected bonus to this basic rate of return.
An Automated Valuation Model, AVM, is a computer approach that looks at public records to make a determination based on square footage, comparable sales and other elements. It is as easy as putting your address in a blank but unfortunately, AVM results may only be accurate about 20% of the time.
A popular AVM, Zestimate®, states “It is considered a starting point at determining a home’s value.” While an AVM contains some of the same information as a comparable market analysis, it lacks a critical human factor.
Having a pair of experienced eyes consider aspects that are not easily quantified can make a big difference. A skilled professional can tell which properties are truly comparable. A knowledgeable expert can recognize features, floorplans and other things that can affect value but are difficult to quantify.
Even if a person isn’t ready to sell their investment, they like to know its value. It is easy to find the price of stocks or mutual funds on any given day but the value of a home is more difficult.
Regardless of whether you’re just curious as to how much your home is worth or are ready to monetize your equity, I’m available to give you that information without obligation. If you’re not ready now, just keep this letter for when you are.
|At least consider a shorter one|
Affordability and stability are reasons homebuyers choose a 30-year fixed rate mortgage. It makes the payment lower than a 15-year mortgage and the principal and interest portion of the payment will be constant for 30 years.
A common belief among homeowners for decades was that they would always have mortgage payment. The Great Recession has caused many individuals to rethink that concept and make plans to get their home paid for sooner.
For people who can afford it, shorter term mortgages will provide a lower interest rate and build equity faster. A 3.09% 15-year fixed-rate mortgage compared to a 3.87% 30-year loan will have a $562.42 higher payment.
The equity would be $66,903.04 greater on the 15-year term at the end of seven years. Even after you consider the higher payment on the shorter term, the equity difference is still almost $20,000 greater.
By choosing a 15-year loan, a borrower is committing to the higher payment for the term of the mortgage in exchange for a slightly lower interest rate. Another approach would be for the borrower to acquire a 30-year mortgage and make payments as if it were on a 15-year term. The slightly higher rate would allow the borrower the flexibility of not having to make the higher payment in the event he could not afford it on any particular month.
|Settings For Forex Megadroid For Best Profit-Forex Live Trade Robot||Do you want to know how to conduct independent testing of Forex robots to find out which are the most successful FOREX trading software on the web today? Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. There are now thousands of internet sites promoting the utilization of automated Forex robots as the popularity of FOREX trading increases every day. Also, these websites are using very robust sales tactics to pressure visitors to buy, making you wonder if they really work. Automated Forex trading systems are large business online - but the vast majority don't make cash. Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot.They promote paper track records which fail in real time trading and destroy the traders equity. Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot.|
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The best strategy to grasp if a Forex software actually works is to see its live trading results, AKA forwarded testing. This type of testing takes into account all factors like wavering broker spreads that affect a real live trade. One of the hottest techniques to conduct forward testing is to run the robot on a demo account with real live trading info. This is a simple system it only has one rule to follow. Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. The system was invented in the seventies by one of the great traders Richard Donchian, who used it to trade commodities markets. Let's have a look at the rule of the system which is known as the four Week Rule. That's it and while incredibly straightforward, it works for the following reasons.
The most vital factor has been highlighted above, which is live trading results. All androids that you use with real money wants to have proven profitable performance in a live trading environment. On top of that, whether or not the robot can perform well in forward testing, you also need to make sure that it's been worthwhile in its back tests. Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. It's based mostly on catching and holding the long term trends. A look at any forex chart will show trends that continue for many months or years and this trading system will keep you in them without getting bumped out by short term volatility. It will take you around 15 - thirty mins a day to operate and that's it, you can go and do something else. Like any forex trading system it will have a weakness and this one will generate losses, when markets don't trend or are in periods of consolidation, so you can consider adding another exit rule :Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. Place a stop at an one or two week high or low and then go flat and wait for the following signal.
Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. figure that tells you the largest percentage of the bank that the software has ever lost on an account. For instance if drawdown is 50%, it implies that it had taken an account to half its price before. Everyone has different risk toleration levels, so look for a robot which has drawdown safe enough for your risk toleration. Read on to see more about best forex megadroid settings, and why forex megadroid is one of the best automatic robot. Quite just because they suspect it's too simple ( although all the top trading systems are ), also it's not a system that goes for pinpoint market timing and many traders wish to predict highs and lows, even though its plain this is not possible. Related journals: Forex Megadroid Reviews-Top 5 Forex Robots
|The Swiss National Bank's Largest U.S. Equity Positions||none|
|Comment on 12 Most Frustrating Moments of âWaiting for Supermanâ by Joseph Scalia III||Great! You are not alone! My wife and I recently published the following as a Guest Editorial in Bozeman, Montana's Daily Chronicle:
Does the Economic Fate of a Nation Rest on its Test Scores?
In December 2010, the latest Program for International Student Assessment (PISA) test results from were released. Evaluating 15-year-olds from 65 countries, PISA is touted as the most comprehensive study to test and rank students internationally. As in past years, the 5233 public and private school U.S. students tested scored in the average range.
As before, the apoplectic reaction of both pundits and government officials follows a predictable and faulty line of reasoning when looking at perceived international achievement gaps. It goes something like this: Public education is in a state of crisis. In order to avert the eventual economic ruin that will follow âmiddlingâ-range test scores, we must speed up school reform efforts and look to those who have higher scores, as models of superior educational systems. At the alleged root of the problem are complacent educators who are not willing or able to hold high expectations of their students or deliver high-quality instruction. The putative solution to the âcrisisâ is to hold educators âaccountableâ through incentives, punishment, and mandates, such as publishing school test scores, privatizing public education, replacing the school staff in low-performing schools, and using âperformanceâ-based teacher pay. So the rhetoric goes.
If low scores lead to inferior economic performance, then those nations who score higher than the U.S. on international tests should be doing better on indicators of economic success. In 2007, researcher K. Baker compared international test results since their advent in 1964, with seven indicators of national success, including economic growth, productivity, and creativity. He found that âa certain level of educational attainment, as reflected in test scores, provides a platform for launching national success, but once that platform is reached, other factors become more important...â The bottom line is that, beyond this platform, it is bad policy to pursue gains in test scores, diverting resources away from other factors that are more important determinants of economic success.
On the 2009 PISA, both South Korea and Shanghai-China were two of the highest scorers. Yet they have GDPâs per capita below the average measured by PISAâs organizational body. The two Swiss-based organizations that rank nations on global competitiveness both rank the U.S. #1 again, the position it has held for a number of years. In 2008, when journalist F. Zakariya asked the Singapore Minister of Education why high scoring Singaporean students seem to fade when they became adults, the Minister answered that their children lacked what he thought America excelled in â creativity, ambition, and a willingness to challenge existing knowledge â factors of course not measured by the much-valorized tests.
Author Yong Zhao, born and raised in China, in making comparisons between educational systems in European and Asian countries notes that centralized, standardized, test-driven countries like China and Singapore are attempting to get rid of the homogenization that the U.S. is now seeking to implement. They are, in fact, looking to the US to determine how to get their children to think.
It is easier to blame educators than to look at our real problems â like the effects of poverty on children and the simplistic reforms that are not working. Policy makers should be talking about the less publicized PISA findings such as: (1) Schools that compete for students through charters, tax credits or vouchers do not yield higher scores; (2) Private schools do no better than public schools once family wealth factors are considered; (3) 20% of U.S. performance is attributed to social inequity, far higher than in other nations - inequitable and inadequate financial resources resulting in nearly a yearâs lack of growth, and (4) Schools with greater autonomy score higher.
Throughout the history of schooling in the U.S., schools have been routinely charged to carry out the dominant societal and political ideologies of the day. As historian W. Reese points out, when solutions to intractable problems that originate outside of school fail â poverty, racial and social injustice â schools are looked to as the source of the problems and educational reform ensues with vigor. Until educational policy is able to look at the economic and political conditions which are the real source of our educational problems, we are likely to continue our test-score fetishism.
Lynne Scalia is the Superintendent/Principal of Monforton School District.
Joseph Scalia III is the Director of Northern Rockies Psychoanalytic Institute.|
|Equalization and Date of Marriage Deductions.|
Are you curious what will happen to your wealth when your marriage comes to an end? In Ontario, you must share the equity that you and your spouse collected during your marriage upon separation. Simply put, each of you adds up the total value of all your assets, less your debt, on the date of...… Continue Reading
|Double Dipping. Paying Spousal Support from Pension Income|
When you divorce, what would you rather have – a valuable pension or a home worth the same? Or does it matter? If a pension is worth the same as the equity in the home, the property settlement is easy. One person keeps their pension and the other keeps the house. Technically, this seems like...… Continue Reading
The post Double Dipping. Paying Spousal Support from Pension Income appeared first on Ontario Family Law Blog.
|More Millennials Are Using HELOCs As Home Equity Rises|
April 04, 2017
Homeowners gained a collective $570 billion in equity throughout 2016, bringing the number of homeowners with âtappableâ equity up to 39.5 million, according to Black Knight Financial Services. Ben Graboske, EVP at Black Knight, expects to see more home equity lines of credit (HELOCs) than cash-out refinances, and more Millennials are using HELOCs than Gen Xers or baby boomers. Home remodeling was the No. 1 reason for taking out a HELOC last year, according to TD Bank.
|RedLaw Recruitment: Funds Solicitor â London Team of Leading US Private Equity Funds Practice â Mid Level||
Funds Solicitor â London Team of Leading US Private Equity Funds Practice â Mid Level Highly Prestigious New York Law Firm with pre-eminent global ...
City of London
|Comment on Stop Being that Guy, Start Playing the Long Game, and How Are We Still Talking About This in 2017? by Why I Joined EquityX as a Strategic Advisor and Why Startups Need to Pay Attention to this Company | TECH N' MARKETING||[…] the years, I have always played the long gameÂ and tried to help as many entrepreneurs as possible, most of the time without compensation. Yes, […]|
|Trickle down economics just doesn't work||I wrote this on reddit, but it's worth repeating:|
The premise of "trickle down" is that wealth for the rich will result in (some) wealth for the poor. More important, it assumes that the government should get involved by making the rich richer. (This is why the term is considered derogatory.)
So... how do the rich get richer?
(1a) The government gives them wealth ("rents") via a contract, corrupion, or other "neoliberal" policy (I hate that term as often confuses markets and politics); or
(1b) They make themselves rich.
For (1a), see "cheap oil royalties", patent trolls, defense contractors et al. For (1b), see "Bill Gates"
Now, how can it "trickle down"?
(2a) The government taxes the wealth and transfers the $ to the poor. That's kinda counter productive for (1a) (why not just give the royalties to the poor?), but makes sense with 1b.
(2b) The poor somehow benefit from rich people being richer (see Fable of the Bees).
Both of these make no real sense compared to the real source of prosperity for the masses, i.e.,
(3a) Cheap access to education and health care
(3b) Competitive markets (reducing rents)
(3c) Taxes on wealth that pay for (3a)
So, next time you hear ANYONE say "trickle down" just walk away. It's bullshit. A government that wants efficiency and equity will do 3a-c, which is compatible with basic income, carbon taxes, property taxes, etc., btw...
|Tyler Cowen on Stubborn Attachments, Prosperity, and the Good Society|
Tyler Cowen of George Mason University and the co-host of the blog Marginal Revolution talks with EconTalk host Russ Roberts about Stubborn Attachments, his book-length treatment of how to think about public policy. Cowen argues that economic growth--properly defined--is the moral key to maintaining civilization and promoting human well-being. Along the way, the conversation also deals with inequality, environmental issues, and education.
Readings and Links related to this podcast episode