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Why gold bugs are predicting Armageddon

first_imgSunday 22 August 2010 10:18 pm Share whatsapp KCS-content DESPITE a nice run of data in the UK and across Europe over the last week or so, it’s still hard to shake off the prevailing view that a slow, bumpy grind out of economic turmoil is on the cards. However, we may look on this scenario as positively rosy if Egon von Greyerz, the founder and managing partner of Matterhorn Asset Management, is right. This man doesn’t think we are going to get a double dip. Oh no, he says, it’s going to be a lot worse than that.Von Greyerz believes that the world economy is set to go into “an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park”.The root of the problem for the West is, of course, debt. The man from Matterhorn says: “Without this massive increase in debt, the US would probably have had negative growth for most of the last 39 years. Total US debt to GDP is now 380 per cent and is likely to escalate substantially.”The logic goes that these excesses must be unwound but the government response appears to be quite the opposite. In fact, Von Greyerz says that with every dollar, pound or euro printed the problems of the economy will be exacerbated. He goes on to accuse governments of “robbing the citizens of their money and their work” by printing money.So as we head for our bunkers to ride out the storm it appears that Von Greyerz has a port for us. And surprise, surprise, it turns out that all along the safe haven is once again being touted as gold. Yesterday, gold was once again hovering near seven week highs with the spot price at $1,227 (£790) a troy ounce.As a further justification of the gold bull argument, the bugs point to the price of the 1980 gold high of $850 being equivalent to a current valuation in the region of $6,400, once adjusted for inflation.So as we bemoan our lot and the current mainstream view that we will just grind along with minimal growth for the next couple of years, perhaps we should count ourselves lucky if the more dire predictions out there fail to come true. Steve Sedgwick is a presenter on Squawk Box Europe each weekday morning on CNBC. http://europe.cnbc.com Show Comments ▼center_img whatsapp Why gold bugs are predicting Armageddon Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: NULLlast_img read more

Sale 28 Saracens 22 – The Verdict

first_imgTAGS: Sale Sharks Who cares that they didn’t score a point for the final 50 minutes? Certainly the vast majority of the crowd at Edgeley Park didn’t as the four points was everything.Those four points took Sale eight points clear of Newcastle and 11 clear of Leeds, which I believe puts them in a position to survive.Friday night kick offs: Have 7.45pm kick offs on a Friday night run their course? What do fans think? Time to move to Saturday afternoon? Or even Sunday afternoon?James Gaskell: Are you Tom Croft in disguise? This guy does everything Croft does, and almost as well. He was the clear man of the match and played so well than a number of Saracens players took shots at him – he annoyed them that much. After a year of injuries he needs ten games under his belt but when he does don’t rule him out of the World Cup. He’ll play for England – it is when not if.Meet Gaskell, he’s definitely one to watch:Charlie Hodgson – Message to Sale. Find out what salary he wants for the next three years and within reason pay him it. Don’t let him do a Cristiano Ronaldo and leave a big side in the North-West. You won’t be able to replace him, trust me!Gavin Henson – Well it’s simple. The guy is not at outside centre so why play him there? Saracens have bizarrely decided to keep him out of “decision-making” positions. Does that mean he’s not fit enough to play 12? Put him in a position where he can do some damage, please. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Dwayne Peel: Remind me why he’s not in the Wales squad, fighting Mike Phillips for the Wales No 9 shirt. Oh yes, there is not adequate reason. Leaving him out is very much Wales’ loss.Want to see a Rugby World feature on Chris Bell? Click here. By Paul Morgan, editor of Rugby World MagazineWhat a difference a new man at the helm can make! The result reads in the papers: Sale 28 Saracens 22 but read this as Pete Anglesea: 4 points!Now I’m not saying Pete is a miracle worker and Sale will now go on to qualify for the Heineken Cup and conquer the world if Sale owner Brian Kennedy gives him the job full-time. But today’s victory over Saracens was all about desire, all about commitment and all about Sale out-muscling Saracens.From the moment I arrived at Edgeley Park for this game it was clear we were in a new era, the first match with Anglesea in charge, after Mike Brewer was sacked. It was a great day to make the trip to Stockport – a great rugby day for the North-West.They love Big Red at Sale and it shows.A big crowd (more than 8,000), the New Year and the prospect of Gavin Henson obviously helped, but somehow Sale managed to create the start of a new era today and on the pitch it manifested into them tearing out of the blocks and scoring three tries in the first 30 minutes, against a side that is capable of winning the title.It all came from their physicality at the breakdown and general commitment to the cause. It looked like Sale hadn’t turned up, but that wouldn’t be giving Sale enough credit. They were like Tasmanian Devils in the first half an hour!Obviously having Charlie Hodgson back in the side controlling the game helped but it was the physicality of players like James Gaskell, Carl Fearns, Sisi Koyamaibole and Karena Wihongi that rattled Saracens. And bizarrely Brendan Venter’s side had no answer – very worrying for them!Dwayne Peel was also in great form at the base of the scrum, hassling and harrying and using quick service to keep Sale going.last_img read more

France v Ireland rescheduled

first_img“This was based on providing the Ireland team, who will be travelling for a second time to Paris, with a seven day turnaround between its remaining four fixtures in the tournament as well as providing any supporters wishing to attend the rescheduled game with an appropriate window of travel.” LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS France, in contrast, will play Scotland in Edinburgh seven days before and England in Paris seven days after they face Ireland, giving them a full week’s turnaround in between games. They also have the luxury of not having to travel in between fixtures, when both teams should have been enjoying a weekend off as per the tournament’s original schedule. It will also make travelling to the game more difficult for fans hoping to retain their tickets, and it is yet to be seen how many will request a refund from the FFR.Click here to find out how to claim your ticket refund.center_img The RBS 6 Six Nations council has announced that the postponed France v Ireland match will now take place on Sunday 4 March at 4pm local time (3pm GMT), at the Stade de France. It was also confirmed that ticket holders who are unable to attend the match will be entitled to a full refund for their tickets, details of which will be made available on Wednesday.However, the IRFU have expressed their disappointment with the decision to hold the game on the Sunday afternoon, and not on their preferred date of Saturday 3 March, which would have given the Irish team a longer turnaround before they face Scotland the following Saturday. Ireland host Italy at the Aviva Stadium on Saturday 25 February, and will also face Scotland in Dublin, but the postponement of their match in Paris means that both teams will have to play fixtures on four consecutive weekends, giving Ireland just 6 days to travel home from Paris for the second time, and prepare to face Scotland.A statement from the IRFU said: “While understanding the difficulties that a postponed game brings to the international and club rugby schedule, the IRFU had proposed to the Six Nations that the preferred alternate date for the game would be Saturday, 3rdMarch with an afternoon kick off.last_img read more

Tremors before a capitalist earthquake?

first_imgTremors anticipating another earthquake are sending shivers through the capitalist markets. Recent articles in the New York Times, Washington Post, Wall Street Journal, Bloomberg Report and other major corporate media are warning of an impending crash. In the U.S., basic commodity prices have collapsed, and there is a huge glut of oil, iron, coal, copper, zinc, heavy equipment and machine parts. There is also a rash of mergers and drastic reorganization. Major crops such as corn — used in biofuels, food and animal feed — along with soy and wheat are selling at half of last year’s price. Banks are suddenly less willing to lend to giant energy and mining corporations.Union workers protest impending layoffs at the Exploratorium in San Francisco, Oct. 1.Most ominous for the working class are announcements of big layoffs, in the tens of thousands of workers in key industries like Alcoa, Caterpillar, John Deere, DuPont and Hewlett-Packard.An article in the Oct. 25 New York Times titled “A Global Chill Hits Home” described the collapsing markets and interlinked industries. As crude oil has fallen from over $100 a barrel a year ago to $45 today, more than two-thirds of the 1,500 operating oil rigs in the U.S. have been decommissioned. The billions that had poured into the environmentally ruinous oil-fracking industry and Arctic drilling are suddenly on hold.Adding to investors’ unease was an earlier soft report on the U.S. housing market and the release of internal economic forecasts by the Federal Reserve Bank, explained the July 24 Wall Street Journal. “A Global Recession“ was the ominous headline of a Washington Post article on Sept. 29.Too big a surplus to sellSteel production is collapsing.  U.S. Steel is now operating at 58 percent of capacity. The largest part of its production has been used for steel tubing in oil pipelines and the lining of oil wells. While typically the company accumulates four months’ inventory of steel tubing, it is now 10 to 12 months. This is a global glut. Much of the market now is for steel from South Korea and China.Banks are nervous about further lending because their portfolios are at risk.  Oil and energy stocks held as collateral by banks to underpin loans they have advanced have lost half their value. As prices fall, so does the value of the stocks guaranteeing the loans.Investments in 22 raw materials tracked by Bloomberg News on Sept. 30 posted their worst quarter since the 2008 global financial crisis. More ominous are forecasts for the slowest economic growth since 1990. Morgan Stanley has warned that more losses may be ahead.As sales of John Deere heavy equipment dropped by 30 percent in the last quarter, its earnings sank by 40 percent, and 1,500 workers were laid off. Hewlett-Packard laid off 30,000 workers. Caterpillar just announced a layoff of 10,000 workers.Fortune magazine’s listing on Oct. 2 of the 10 biggest layoffs of the year so far declared: “This year is already uglier than last, and it’s only October.” According to outplacement firm Challenger, Gray & Christmas, employers have announced 493,431 planned layoffs so far this year — a 36 percent increase over the same period last year.Blaming China for capitalism’s woesAlmost every article on the collapse in commodity prices or the possibility of a new global crash blames the capitalist crisis on a slowing of China’s growth. As Bloomberg Report explained: “China is the biggest user of energy, metals and grains.” But Edward L. Morse, the head of Citigroup’s global commodities research, also took note of that country’s historic achievement that had driven up world markets: “Between 1993 and 2013, China built 200 cities of 1 million people or more. This was incredibly intensive in terms of steel, copper and other commodities.” (New York Times, Oct. 23)In fact, for 300 years, since long before China’s spectacular rise, crises of overproduction have upended capitalist economies every 7 to 10 years. The boom-and-bust, expansion-and-contraction cycles leading to capitalist overproduction were described by Karl Marx over 165 years ago. They make capitalism an unstable, crisis-ridden, self-destructive system of production.This crisis of too much capacity results in masses of unsold and unsalable products and increasing capitalist competition in ruthless and unpredictable ways. Capitalists don’t produce goods just to satisfy a social use or need. Can this commodity be sold at a profit is their overriding motivation.Now technology has developed industry and agriculture on a global scale to the point where each time the capitalist economy starts up again, the market more quickly reaches a point of saturation.Old tricks don’t workTraditional capitalist methods used since the Great Depression of 1929 to pull the economy back up and ensure profits to a small handful of corporate owners have already been employed. For years the Federal Reserve has been holding interest rates at close to zero in a desperate attempt to spur business activity.Government bailouts of the banks and corporations also have a limit. Forbes Magazine of Sept. 20, 2011, reported that $16 trillion had been allocated in the U.S. and internationally after the 2008 crisis to keep the capitalist system afloat and profitable. Since that report, the federal government has continued pumping in additional billions.A trillion dollars in annual U.S. military spending, direct and indirect, is a continuing subsidy to the largest oil and military firms and another form of corporate bailout. This deadly subsidy puts the entire planet at risk and nurtures a viciously repressive war machine.But none of this solves the problem of overproduction; it just temporarily absorbs some of the surplus. And the money for these bailouts is stolen directly from the workers as budgets for education, health care and government assistance are cut just as need for them increases.No recovery for workersWhat makes a new capitalist crisis most dangerous for the working class is that there has been no real recovery for the workers since the crisis of 2007. While the crisis was declared over in 2009, millions of workers were never rehired. Millions have given up looking for work, and are not counted in the unemployment statistics.A far more accurate measure than the official unemployment figure is the number of people participating in the workforce, which is now at the lowest level in 30 years, despite population growth. This is the longest period of job loss since the Great Depression of 1929, and the capitalist have no solution.Wages are no better than what they were in the 1990s. According to the Economic Policy Institute, “In the past 12 years wages fell for 70 percent of workers.”High rates of home foreclosures, unemployment and stagnant wages have continued relentlessly. Four out of five U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least part of their lives, a sign of deteriorating economic security.Poverty rates are now the highest in the 52 years they have been recorded. Poverty among Black and Latino/a workers has been nearly three times the rate of whites, reported the Associated Press of Dec. 17, 2013.Unsolvable problemsThese are the unsolvable problems that can grow far worse as a new capitalist downturn rips through the global economy. Every effort to save corporate profits will be made, including drastic cutbacks in social services, monstrous austerity programs and bone-deep cuts in pensions.As capitalist economists and bankers conspire to seize hold of every source of wealth to guarantee their profits, it is essential for the workers’ movement to anticipate what is coming and not be taken by surprise.The upheaval and massive insecurity of the capitalist system in crisis can propel workers in a revolutionary direction. Understanding why the capitalists cannot solve the enormous problems of plenty alongside desperate poverty is essential for the struggles ahead.For a detailed analysis of the impact of the rapid changes in productive forces under capitalism, see the book “Capitalism at a Dead End” by Workers World contributing editor Fred Goldstein.[tb_book id=”22198″]FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

MonteCedro Celebrates First Anniversary, Brings 100 Jobs to Area

first_imgHome of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena The front entrance of MonteCedro at dusk, 2212 El Molino Ave., Altadena.MonteCedro resident, Ida Hankins, participates in a paint mixology class.MonteCedro, a nonprofit senior living community located in Altadena, has much to celebrate as it marks its one-year anniversary. As anticipated, MonteCedro now employs 100 full and part-time staff members, many of whom live in the local Altadena community.Katey Frere was the first person to move in on Dec. 17, 2015; 183 residents now call MonteCedro home and 78% of the apartments are occupied. These residents are active both within MonteCedro’s interior – in the fitness center and pool, the art studios, card rooms, library and movie theatre – and in the external Altadena/ Pasadena community. In a recent three-month period, MonteCedro residents contributed more than 1,500 volunteer hours to more than 50 local non-profit entities.Off Lake Bistro, MonteCedro’s primary dining venue.One of the distinguishing features of MonteCedro is its Creative Living philosophy which provides a whole-self approach to wellness in mind, body and spirit, as well as empowering residents to pursue their unique aspirations and remain their own leaders. The Creative Living Academy is a lifelong learning model driven by residents, and a great number of the presenters are residents themselves.The MonteCedro interior features a dynamic collection of original art curated by Jay Belloli, former director of gallery programs at the Armory Center for the Arts in Pasadena. More than 250 works of art, including paintings, photography, sculpture and textiles, adorn the walls of MonteCedro’s common spaces and hallways.MonteCedro resident Mike Trueblood and his chaperone, Max.MonteCedro is committed to the “Aging in Place” model. Rather than move through the traditional levels of care (independent living, assisted living, skilled nursing and memory care), MonteCedro residents receive a wide variety of home-care and home-health services in their independent apartments and at the community’s wellness center. Partnerships with local physicians, podiatrists and other providers make extensive on-site services possible.The MonteCedro Courtyards offer a unique memory care program based on a household model, where residents have private space, but spend most of their time in specially designed common areas. Alongside highly-trained and compassionate care-giving staff, residents dine, learn and create with other residents, avoiding the isolation common in more traditional memory care settings.As part of the Episcopal Communities & Services family of organizations, MonteCedro employees go through an extensive pre-employment process that includes background checks. In addition to healthcare and retirement benefits for full-time workers, all staff receive a thorough orientation and all are eligible to participate in an employee education program and a staff assistance fund for emergencies. During its first year of operation, MonteCedro residents made charitable gifts to establish three different endowed scholarships for the Employee Education Fund.For more information about the senior living community, please visit www.montecedro.org, or call (877) 357-8521. MonteCedro is located at 2212 El Molino, Altadena.About MontecedroMonteCedro is a separately incorporated nonprofit member of the Episcopal Communities & Services (ECS) family of organizations. Its distinctive architecture and interior design were created by world-class partners, including Perkins Eastman Architects and DPR Construction. MonteCedro’s campus offers state-of- the-art features designed to reduce the community’s impact on the environment, including “dark sky” compliant exterior lighting fixtures, a state-of- the-art irrigation control system and energy efficient heating and cooling systems.MonteCedro features a multitude of spacious apartment floorplans, innovative dining options, in-home healthcare services and a broad range of on-site amenities, including a library, auditorium, theatre, and beautiful common areas. The community has 186 residences for independent living and a unique program for assisted living and memory care that includes 20 private residences. http://www.montecedro.org/About Episcopal Communities & ServicesEpiscopal Communities & Services (ECS) is a mission-driven organization serving people of all backgrounds and beliefs. With over 90 years of experience in providing care and service to seniors, ECS operates three life plan communities: The Canterbury in Rancho Palos Verdes, The Covington in Aliso Viejo and MonteCedro in Altadena. ECS also manages eight affordable housing properties throughout Southern California and their Sophie Miller Foundation provides programs and services to a diverse population of seniors, irrespective of income.Today, ECS is among the top CCRC providers in America when ranked by financial strength and has an A-credit rating from Fitch. It is a not-for- profit organization, earnings are reinvested in building improvements, technology and programs and services that enhance the lives of residents and families. http://www.ecsforseniors.org/ EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News MonteCedro Celebrates First Anniversary, Brings 100 Jobs to Area From STAFF REPORTS Published on Monday, December 12, 2016 | 2:30 pm faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYDarrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday center_img Community News Your email address will not be published. Required fields are marked * Subscribe HerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyThese Fashion Tips Are Making Tall Girls The Talk Of The TownHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty 10 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Business News Make a comment Top of the News last_img read more

State Cracks Down on Fraudulent Disabled Person Parking Placards

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News More Cool Stuff Government State Cracks Down on Fraudulent Disabled Person Parking Placards Published on Friday, July 6, 2018 | 4:56 pm Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week Your email address will not be published. Required fields are marked *center_img Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Herbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeauty Make a comment 2 recommendedShareShareTweetSharePin it Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy File photo shows Department of Motor Vehicles investigators in action during enforcement actions in Los Angeles (at left) and near the Rose Bowl last August (at right). Images courtesy the California Department of Motor Vehicles.Nearly 2,500 people in California have been issued misdemeanor citations over the last year for misusing disabled person parking placards, according to the California Department of Motor Vehicles (DMV).DMV said they conducted an aggressive crackdown on the fraudulent use of the placards between July 1, 2017 and June 30, 2018, which resulted in 2,485 citations. Investigators with the DMV caught the offenders during 256 enforcement operations throughout the state. The previous year, 1,625 citations were handed out during 165 operations, says a DMV press release.Last month, the DMV issued 22 misdemeanor citations during 140 operations throughout the state, contacting a total of 1,548 drivers.Misdemeanor citations carry a $250 to $1,000 fine and offenders have their placards confiscated. The violation also appears on the driver’s record.“We want Californians to understand that a disabled person parking placard can only be used by the person to whom it’s assigned,” DMV Director Jean Shiomoto said in the release. “When you illegally use a placard, you disrupt the lives of those with disabilities and interfere with their mobility. I ask you to save the space.”The DMV increased its enforcement efforts last year by holding as many as 24 operations each month. It also launched an awareness campaign to educate the public about the proper use of a disabled person parking placard.“Through education and compliance, we hope to issue fewer citations,” Acting DMV Investigations Chief Mary Bienko said. “We will keep up our enforcement efforts until Californians stop fraudulently using disabled person parking placards.”The DMV also urged anyone who suspects a person might be misusing a disabled person placard to report the incident using an online complaint form or by contacting their local DMV Investigations office.Submissions are confidential, the DMV said, adding it is important to note that some qualifying disabilities may not be visually apparent and allegations of misuse might be unfounded.For more information, visit www.dmv.ca.gov/portal/dmv/detail/about/reportfraud. Subscribe Top of the News last_img read more

Collopy extradited on threat to kill charges

first_imgWhatsApp Email Linkedin TAGScollopyCourtfeaturedGardaíMusic Limerickthreat to kill willie moran NewsCollopy extradited on threat to kill chargesBy Staff Reporter – May 28, 2014 653 Twitter #HearThis: New music and video from Limerick rapper Strange Boy Print #SaucySoul: Room 58 – ‘Hate To See You Leave’ Facebookcenter_img Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday Walk in Covid testing available in Limerick from Saturday 10th April Advertisement No vaccines in Limerick yet Celebrating a ground breaking year in music from Limerick RELATED ARTICLESMORE FROM AUTHOR Previous articleChoral jazz concert for Limerick Sings Festival weekendNext articleHomeless crisis hits middle class in Limerick Staff Reporterhttp://www.limerickpost.ie Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up A LIMERICK man has been extradited from Bulgaria to face charges of threatening to kill a witness during a major criminal trial in the city.Vincent Collopy (35)  of St Ita’s Street, St Mary’s Park was arrested ten days ago on foot of a European Arrest Warrant issued in 2011.He faces two charges of threatening to kill Willie Moran and intimidating a witness.Detective Sergeant Ronan McDonagh of Henry Street Garda station told Judge Eugene O’Kelly at Limerick District Court that Collopy made no reply to the charges when they were put to him.Defence solicitor John Devane said his client was arrested in the early hours of Tuesday morning and applied for free legal aid.“It’s a serious matter and I can tell the court that my client is only back in Limerick since 3am after being extradited from Bulgaria.”Mr Devane was assigned under the legal aid system and notified the court that his client was reserving his position in relation to an application for bail.Sgt Paul Whelan said that the DPP directed the matter proceed by way of trial on indictment and Judge O’Kelly adjourned case until next Tuesday.last_img read more

Vaccination of whole Brazilian city spares it from shortages

first_imgLocal NewsWorld News By Digital AIM Web Support – February 17, 2021 Twitter Previous articleCockburn, Dosunmu lead No. 5 Illini past Northwestern 73-66Next articlePandemic politicking: Israel’s election sprint echoes US’s Digital AIM Web Support TAGS  Facebook WhatsApp Twittercenter_img WhatsApp Vaccination of whole Brazilian city spares it from shortages Pinterest Pinterest Facebook SERRANA, Brazil (AP) — As Brazil’s mayors and governors start sounding the alarm over dwindling supplies of coronavirus vaccines, there are no such complaints in Serrana, a city that Sao Paulo’s state government selected to test city-wide vaccination. The city is small, but the task is sizeable: administering shots over eight weeks to the entire population aged 18 and up — 30,000 people. The study, known as Project S, entails follow-ups with each participant to shed light on the extent to which vaccination with the CoronaVac shot reduces spread of the virus. Inês Aparecida Giolo, 61, was among among the first participants in the study, receiving her shot Wednesday morning at a school near her home. “It’s a lot of joy, because it’s not just me, it’s for the whole city. So we are very happy,” said Giolo. The idea of vaccinating an entire city came about last year, during the pandemic’s peak, as a means to obtain answers to countless questions in an organized manner, according to Dimas Covas, director of Sao Paulo’s Butantan Institute, which is distributing the CoronaVac vaccines and is a partner in the experiment. “This will allow us to know in depth what is happening with vaccinated people, but also with the pandemic: the number of people affected, hospital needs,” Covas said at the opening ceremony Wednesday. Serrana — with about 45,000 inhabitants, one quarter the population of Providence, Rhode Island — was one of the worst-hit cities in Sao Paulo state, with about 5% of its population contracting the virus, said Marcos Borges, director of the State Hospital of Serrana, also part of Project S. Borges said the town had to be prepped before the study could start, as cases needed to be monitored closely. All residents with COVID-19 symptoms for at least two days were given a quick PCR test, with results in less than 24 hours. A broad communications campaign, with support from messaging application WhatsApp, aimed to ensure high levels of participation. Following reports that Brazilians had rented or bought property in Serrana to wangle their way into the study, Butantan’s Covas said last week that a history of residence would be required for registration. Sao Paulo state has recorded the highest number of COVID-19 deaths in Brazil, but it has also been a leader in efforts to secure vaccines, while federal authorities have been accused of dragging their feet. Butantan contracted with Chinese firm Sinovac for 46 million doses of its CoronaVac vaccines in September, as well as a transfer of technology for future domestic production. Butantan last month shared slightly disappointing results for CoronaVac tests in Brazil, showing an overall efficacy of 50.38%. While lower than other vaccines, global health authorities have said any vaccine at least 50% effective is useful. CoronaVac was 78% successful in preventing mild illness, and completely eliminated death. Project S begins just a month after the country started vaccinating and as several cities are running out of shots for their elderly citizens. Rio de Janeiro on Wednesday halted new vaccinations for a week. City officials said they will continue to deliver second doses to those who have already been injected once, but have paused new shots for the elderly. Rio officials say vaccines for new recipients ran out partly because they had pushed forward their schedule by one week after receiving a fresh lot of doses. Mayor Eduardo Paes on Monday said additional shots won’t be delivered before next week. Other state capitals have had to adopt similar strategies, such as Salvador, in Bahia state, and Cuiaba in Mato Grosso. Looming shortages have also been reported in at least four other capitals, according to Brazilian newspaper O Globo. Some mayors and governors have blamed the administration of President Jair Bolsonaro for not seeking more vaccine contracts earlier. Only 2 million AstraZeneca doses of the 100 million contracted by his government have arrived so far. Brazil’s Health Minister Eduardo Pazuello said Wednesday during an online meeting with representatives of 26 states and the federal district that Brazil will have nearly 231 million vaccines by July 31. Pazuello included batches provided by AstraZeneca and Sinovac, the two shots that have already reaching the arms of many Brazilians, but also said there will be jabs of Sputnik V and Covaxin, which are yet to be approved by Brazil’s health regulator. In Serrana, there’s no risk vaccination will be interrupted, as a special batch of CoronaVac was made exclusively for the study, Butantan’s Covas said. Participation isn’t mandatory, but is expected to be high, with more than 23,000 registrations as of last week. Serrana won’t be isolated and people will be free to come and go. Those who participate will be monitored for up to one year after their immunization, with researchers also evaluating the impact of the pandemic on the economy and vaccination acceptance rates. Initial results are expected in 12 weeks. ——— Diane Jeantet reported from Rio.last_img read more

Dodd-Frank Rollback to Impact PACE ABS Market

first_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe in Daily Dose, Featured, Government, Magazine, News Related Articles Share Save An analysis of the Dodd-Frank Act modifications by Moody’s has found that the amendment to the federal Truth in Lending Act (TILA) passed by the U.S. Senate last week will help clarify certain federal consumer protection responsibilities for participants in the Property Assessed Clean Energy (PACE) markets and reduce the uncertainty around legal risks for future asset-based securities (ABS) in this sector.The analysis, which was released on Monday said that it was likely the legislation would only directly affect new PACE assessments as changes to TILA are part of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would roll back portions of the Dodd-Frank Act. “To become law, the TILA provision must survive any further debate about it in the US House of Representatives or Senate,” the analysis said.Despite this step in the right direction, lenders in the PACE market remain concerned on two counts. Firstly, under the new legislation, the Consumer Financial Protection Bureau (CFPB) will prescribe and enforce regulations requiring PACE assessment originators to make a good faith determination that homeowners have the ability to repay the assessments before originating them. But, the details and timings of CFPB’s actions are not specified.Secondly, it remains unclear whether certain federal and state consumer protection laws apply to PACE assessments as there is legal uncertainty about whether PACE assessments are “consumer credit transactions” and therefore subject to TILA. The report said that although a federal court recently found that TILA does not apply to PACE1, the lower court ruling was vulnerable to challenge on appeal or in fresh litigation. “The continued uncertainty gives rise to the risk that PACE assessments may inadvertently be originated in violation of TILA,” the Moody’s report said.Looking at the future the analysis found that if lawmakers revised the TILA ability-to-repay provisions to explicitly apply to new PACE assessments, originators in this market would take additional steps to determine homeowners’ ability to repay for the assessments, thus reducing potential avenues for future lawsuits. These changes could reduce incentives for homeowners to sue by lowering their perceived likelihood of success. Tagged with: consumers Dodd-Frank Act Legislation Lenders Moody’s PACE Servicers TILA The Best Markets For Residential Property Investors 2 days ago Previous: Fannie Mae Streamlining Processes With Black Knight’s DMRS Tool Next: Single-Family Rental Summit Dives Deep Into Investment Opportunities About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Home / Daily Dose / Dodd-Frank Rollback to Impact PACE ABS Market Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Dodd-Frank Rollback to Impact PACE ABS Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago consumers Dodd-Frank Act Legislation Lenders Moody’s PACE Servicers TILA 2018-03-19 Radhika Ojha  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 19, 2018 2,692 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Main Evening News, Sport and Obituaries Thursday August 9th

first_img By News Highland – August 9, 2018 WhatsApp Pinterest Facebook Google+ News, Sport and Obituaries on Monday May 24th Journey home will be easier – Paul Hegarty Harps come back to win in Waterford WhatsApp RELATED ARTICLESMORE FROM AUTHOR FT Report: Derry City 2 St Pats 2 Google+center_img Pinterest AudioHomepage BannerNews Main Evening News, Sport and Obituaries Thursday August 9th Facebook Previous articleDonegal woman living in Indonesia describes earthquake aftermathNext articleDonegal organisations named winners in Good Causes Award News Highland Twitter Derry draw with Pats: Higgins & Thomson Reaction Twitter DL Debate – 24/05/21 Main Evening News, Sport and Obituaries Thursday August 9th:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/08/09news.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more