Saturday, December 30, 2017

On Wednesday, English football club Liverpool FC announced reaching an agreement with Southampton FC to sign Dutch centre-back Virgil van Dijk. According to the reports, the Dutchman would cost Liverpool £75 million making him the most expensive defender of all time as well as the most expensive player in Liverpool’s history.

In an Instagram post, van Dijk wrote, “Delighted and honoured to have agreed to become a Liverpool FC player!” The defender is to join Liverpool on January 1, when the transfer window opens. He is to wear number 4 jersey, the club announced on their website. The Reds tried to sign the Dutchman in summer after he formally requested a transfer.

van Dijk joined The Saints in 2015 for a fee of £13 million from Celtic and he penned a six-year contract with the club last year. Since 2014, Liverpool has signed five players from Southampton for about £171.5 million.

Liverpool is currently fourth in the Premier League table with 41 points in 21 games. They have conceded 24 goals in the league this season. Seventeen points behind league leaders Manchester City, Liverpool is scheduled to play Burnley in an away game on January 1, but would not be able to field van Dijk.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Monday, December 10, 2012

Vail, Colorado, United States — Yesterday, Wikinews sat down with Australian blind Paralympic skier Melissa Perrine who was participating in a national team training camp in Vail, Colorado.

((Wikinews)) This is Melissa Perrine. And are you like Jess Gallagher and just here training and not competing?

Melissa Perrine: I’m not competing right now.

((WN)) And you competed in 2010 in Vancouver?

MP: I did. Yeah.

((WN)) And who was your guide?

MP: Andy Bor.

((WN)) Why a male guide? He’s got to have different skis, and he can’t turn exactly the same way.

MP: I think that with me it was just that Andy was the fittest person that was with the team when I came along. He used to be an assistant coach with the team before I started with him.

((WN)) And you guys have a good relationship?

MP: Yeah!

((WN)) Like a husband and wife relationship without the sex?

MP: No, not at all. (laughs) Older brother maybe. Good relationship though. We get along really well.

((WN)) So have you ever lost communications on the course in an embarrassing moment?

MP: We ski courses without communications. (unintelligible)

((WN)) You’re a B3 then?

MP: I’m a B2.

((WN)) So you can see even less than Jessica Gallagher.

MP: Yes.

((WN)) How do you ski down a course when you can’t even see it?

MP: Andy!

((WN)) You just said you had no communications!

MP: Oh, I just have to be a lot closer to him.

((WN)) So if he’s close enough you can overcome that issue?

MP: Yeah.

((WN)) Why are you doing skiing?

MP: Why? I enjoy it.

((WN)) You enjoy going fast?

MP: I love going fast. I like the challenge of it.

((WN)) Even though you can’t see how fast you’re going.

MP: Oh yes. It’s really good. It’s enjoyable. It’s a challenge. I love the sport, I love the atmosphere.

((WN)) I’ve asked the standing skiers, who’s the craziest Paralympic skiers? Is it the ones who are on the sit skis, the blind ones or the ones missing limbs?

MP: I probably think it’s the sit skiers who are a bit nuts. I think we all think the other categories are a bit mental. I wouldn’t jump on a sit ski and go down the course. Or put the blindfold on and do the same thing.

((WN)) B1 with the black goggles. Is your eye sight degenerative?

MP: No, I’m pretty stable.

((WN)) Not going to become a B1 any time soon?

MP: Oh God, I hope not. No, I’m pretty stable so I don’t envision getting much blinder than I am now unless something goes wrong.

((WN)) And you’re trying for Sochi?

MP: Definitely.

((WN)) And you think your chances are really good?

MP: I think I’ve got a decent chance. I just have to keep training like I have been.

((WN)) Win a medal this time?

MP: I’d like to. That’s the intention. (laughs)

((WN)) Do you like the media attention you’ve gotten? Do you wish there was more for yourself and winter sports, or of women athletes in general?

MP: I think that promoting women in sport and the winter games is more important than promoting myself. I’m quite happy to stay in the background, but if I can do something to promote the sport, or promote women in the sport, especially because we’ve got such a small amount of women competing in skiing, especially in blind skiing. I think that’s more important overall.

((WN)) Most skiers are men?

MP: There’s more men competing in skiing, far more. The standards are a bit higher with the males than with the females.

((WN)) The classification system for everyone else is functional ability, and you guys are a medical classification. Do you think you get a fair shake in terms of classification? Are you happy with the classification?

MP: I think I’m happy with it, the way it’s set out. With vision impairment I’m a B2, against other B2s. It may be the same category, but we have different disabilities, so there’s not much more they can do. I think it’s as fair as they possibly can.

((WN)) You like the point system? You’re okay with it? Competing against B1s and B3s even though you’re a B2?

MP: The factors even all that out. The way they’ve got it at the moment, I don’t have any issues with them, the blind categories.

((WN)) What was it that got you skiing in the first place?

MP: An accident, basically. Complete by chance. A friend of mine in the Department of Recreation used to run skiing camps in the South West Sydney region, and she had a spare spot at one of the camps. Knew that I was vision impaired, and: “Do you want to come along?” “Yeah, why, not, give it a go.” This was back when I was about twelve, thirteen. I went, and I loved it. Went back again, and again, and again. And for the first five or six years I just skied for like a week a season sort of thing, like, you’re on a camp. Fell in love with the sport; my skiing and the mountain atmosphere, I love it, and then, when I finished my HSC, I decided to take myself off to Canada, and skiing Kimberley, the disabled race program that was run by the ex-Australian who coaches Steve Boba, and I’d heard about it through Disabled Winter Sports Australia. And I thought I’d spend some time in Canada, which is for skiing, and had a year off between school and uni, so… first time I ran through a race course actually. It was pretty awesome. So I went back again the next year, and Steve [Boba] recommended me to Steve [Graham], and he watched me skiing in September in the South Island, and invited me on a camp with the Australian team, and I trained for Vancouver, and I qualified, and I said “sure, why not?” And here I am!

((WN)) So you liked Vancouver?

MP: It was just an amazing experience. I came into Vancouver… I had quite a bad accident on a downhill course in Sestriere about seven weeks out from the games, and I fractured my pelvis. So, I was coming into Vancouver with an injury and I had only just recovered and was in quite a lot of pain. So it was an amazing experience and I was quite glad I did it, but wish for a different outcome.

((WN)) So you are more optimistic about Sochi then?

MP: Yes.

((WN)) One of the things about skiing is that it’s really expensive to do. How do you afford to ski given how expensive it is? And the fact that you need a guide who’s got his own expenses.

MP: I’m lucky enough to rank quite high in the world at the moment, so due to my ranking I’m awarded a certain amount of funding from the Australian Sports Commission, which covers my equipment and expenses, and the team picks up training costs and travel costs. All I’ve got to pay for is food and my own equipment, which is good, so I’ve managed to do it a budget.

((WN)) What do you do outside of skiing, because you look kind of young? And you being not like, 30 or 40?

MP: I’m 24. I’m a student still.

((WN)) Which university?

MP: University of Western Sydney. It’s my third university degree. I’ve completed two others prior to this one that I’m doing now.

((WN)) Which degree? That you’re currently pursuing.

MP: Currently, physiotherapy.

((WN)) Because of your experience with sport?

MP: Not really, except that my experience with sport certainly helped my interest and kind of fueled a direction to take in the physiotherapy field when I’m finished my degree, but more the medical side of injury, rehabilitation that got me interested in physiotherapy to begin with, burns rehabilitation and things like that.

((WN)) You view yourself a full-time student as opposed to a full-time professional skier.

MP: Not really. I’m a student when uni’s on and when uni’s finished I’m a skier. The way that the term structure is in Australia it gives me all this time to ski. The uni starts at the end of February and goes to the beginning of June, and then we’ve got a six or seven week break until beginning or mid-August, and uni starts again then, and we go up to mid way through November, and then we’ve got a break again. Skiing fits in very nicely to that.

((WN)) What’s the route for qualification to Sochi for you.

MP: Just maintaining my points. At the moment I’ve qualified. I just need to maintain my points, keep my points under, and then I qualify for the Australian team.

((WN)) So there’s a chance they could say no?

MP: If I’m skiing really badly. An injury.

((WN)) Or if you’re like those Australian swimmers who had the guns…

MP: I’ve no sign of picking up a gun any time soon. Giving a blind girl a gun is not a good idea. (laughs)

((WN)) It just seemed to us that Sochi was so far away on out hand, and yet seemed to be in everybody’s mind. It’s on their program. Sixteen months away?

MP: Yes, something like that. Sixteen. I think it’s been on our mind ever since Vancouver was over and done with. Next season, that was that, it was like: “what are our goals for the next four years?” And it was, “What are our goals for the next three years and two years?” And subsequently, next season, it’s Sochi. What we need to work on, what we need to accomplish for then, to be as ready as possible.

((WN)) What is your favourite event of all the skiing ones? You like the downhill because it’s fast? Or you like Giant Slalom because it’s technically challenging? Or…

MP: I prefer the speed events. The downhill; frightens me but I do love the adrenalin. I’m always keen to do a downhill. But I think Super G might just be my favourite.

((WN)) Do you do any other adrenalin junkie type stuff? Do you go bungee jumping? Jumping out of airplanes? Snowboarding?

MP: I don’t snowboard, no. I have jumped out of a plane. I thought that was fun but downhill has got more adrenalin than jumping out of a plane, I found. I do mixed martial arts and judo. That’s my other passion.

((WN)) Have you thought of qualifying for the Summer [Para]lympics in judo?

MP: As far as I know, Australia doesn’t have a judo program for the Paralympics. But, if I ever get good enough, then sure.

((WN)) They sent one.

MP: They’ve sent one, and he’s amazing. He beats up blind guys, able bodieds, quite constantly. I’ve seen video of him fight, and he’s very very good. If I ever reach that level, then sure, it’s something I’d look into it.

((WN)) Does judo help with your skiing?

MP: Yes, it increases my agility and balance, and strength, for sure.

((WN)) I want to let you get back to changing. Thank you very much.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Thursday, May 11, 2006

The Australian House of Representatives heard the traditional right-of-reply to the Budget released May 9, from the Australian Labor Party, led by Kim Beazley (Labor, Brand), plus Budget replies from minor parties in the Australian Senate.

While the Budget is politically popular, having as one of its main features significant tax reform, Beazley focused on the omissions in the Budget, such as the failure to address a skills shortage.

Sunday, October 22, 2006

The Group of Ministers (GoM) set up by the union government has given the thumbs-up for community radio stations to operate in India. The GoM has proposed that universities, registered trusts, civil society bodies and NGOs be allowed to run such stations. It has also proposed a single window clearance system to authorise such networks, with the assurance that the requisite clearances will be provided within three months. The GoM has also proposed that community radios be allowed up to 5 minutes of commercial advertising for every hour of broadcast.

The possibility that the proposal may run into some trouble when put before the Cabinet does exist. Many private FM channels are supposedly displeased with the idea of having to face more competition. There are also concerns that community radios may be used by insurgent groups to compromise India’s internal security. Those in favour of the proposal, however, say that this concept will start a revolution and empower rural India.

Columnist, author and visiting professor at Centre for Policy Research, B G Verghese says, “This operates at the grassroot level and once people can have access to this kind of information, you can put across anything to them, whether it is education or health. It’s an absolute necessity. The twin towers have happened, there is no way you can stop it. They don’t need community radio to do that.”

Friday, April 23, 2010

Greece has formally asked for rescue loans by the European Union and International Monetary Fund (IMF) to be activated, aimed at helping the country recover from an economic crisis.

Under the plan, countries in the Eurozone will provide up to 30 billion euros in loans in the first year, while the IMF will contribute ten billion euros.

“The moment has come,” said Greek prime minister George Papandreou. He stated that it is “a national and pressing necessity for us to formally ask our partners for the activation of the support mechanism, which we jointly created in the European Union.” The prime minister added that “several days will pass before money can start being drawn.”

Under the bailout, Greece’s borrowing needs for the immediate future will be covered, so it can avoid default and keep servicing; the request needs to be approved by all fifteen countries using the euro, and will be reviewed by the European Central Bank.