ESTEVAN, Sask. — The co-founder of a group that helps homeless veterans says he knows his decision to refuse money from organizers of a weekend rally in Saskatchewan was the right one after viewing online video of the event.Jim Lowther of VETS Canada says he accepted a request from the event, called Canada’s Patriot Party, to promote that it would be raising money for the veterans’ group.But days before the rally, convoy and concert in Estevan on Saturday, Lowther says he became concerned about connections that some of the organizers had with political groups — some of which he says advocate hate.Lowther says he informed the organizer that they were cancelling their affiliation, and the organizer responded by sharing Lowther’s phone number on social media, asking people to contact him directly.He says they’ve been inundated with angry phone calls, but he says video of the event only reassures him he made the right move.The platform where speakers addressed the rally was covered with signs opposing globalism, Justin Trudeau and the carbon tax, and one speaker lamented that Canada has lost its morals and is no longer a Judeo-Christian country.“It’s not something that we wanted to be seen supporting or even having it look like we support them,” Lowther said in an interview Sunday from his home in Dartmouth, N.S.“We knew we were going to be attacked. We knew it was going to be rough. We didn’t know how bad it was going to be, but it’s still worth it.”Lowther claimed the organizers also started a GoFundMe page for the event without their permission.Event organizer Jayme Knyx could not be immediately reached for comment on Sunday.On Friday, Knyx posted a statement on Facebook along with a video message where he gave out Lowther’s contact details. “We don’t support hate or any side of any political debate and remain nonpartisan,” the statement said. “This event is about trying to help raise awareness and funds for our veterans, not the yellow vests.”Video of the rally that was posted to the Canada’s Patriot Party Facebook page includes speakers who said they are veterans. But they spoke on a flat-deck trailer that had signs that said “No to Globalism,” “No ISIS Fighters,” “No Trudeau” and one sign that had a United Nations emblem with a red maple leaf and the words “Access Denied” written across it.One speaker read a poem about being Canadian, noting Canadians are different from Americans because “we don’t build fences to keep our neighbours out.”“Get off the couch, get Trudeau out 2019!” he concluded.The Facebook page promoting the event had posted a video called “Top 10 Stupid Things Trudeau Has Done As PM (So Far).”Lowther said the angry calls and emails have been coming in around the clock. He posted one obscenity-ridden voicemail on Twitter that accused him of wanting veterans to be broke.He and his wife founded VETS Canada in 2010, and the group helps vets in crisis who are homeless or almost homeless. They’ll help with rent or grocery bills, and also have drop-in centres in Dartmouth, Edmonton and Ottawa.Lowther said he’s a veteran himself, and decided to get involved after running into a homeless vet he knew.He said it was difficult to turn down a donation. They get support from Veterans Affairs, but rely on contributions.“We can’t be political and we can’t show favouritism to anyone except the veteran,” Lowther said.—By Rob Drinkwater in EdmontonThe Canadian Press
PRINCE GEORGE, B.C. – Fourteen people arrested while protesting a pipeline in northwestern British Columbia will have to wait about two months to learn if contempt charges against them will be pursued as a criminal or civil matter.The 14 were in court in Prince George Monday after being arrested Jan. 7 when heavily armed RCMP officers dismantled a blockade south of Houston, B.C.Justice Marguerite Church agreed with a request to put the matter over to April 15 to give more time to go over disclosure and allow the B.C. Criminal Justice Branch to consider how to proceed. Whether to move to the matter to Smithers, closer to where the defendants live, will also be considered at the April hearing.Arrests began after Coastal GasLink won an interim injunction prohibiting protesters from impeding pre-construction work on the $6.2-billion pipeline which would carry natural gas from northeastern B.C. to Kitimat.The gas would then be liquefied for shipment overseas as part of the recently approved $40-billion LNG Canada project.Meanwhile, those opposing a permanent injunction against any further blockades of the pipeline now have until Feb. 20 to make their case after the deadline was extended from Jan. 31.Coastal GasLink has been given until May 31 to file its response. (Prince George Citizen)
MEXICO CITY — The head of Mexico’s financial intelligence unit says that a former executive at the state-owned oil company who was sanctioned this week by the comptroller’s office is Pemex’s former director Emilio Lozoya.Santiago Nieto investigates financial crimes at Mexico’s finance ministry and he congratulated the comptroller via Twitter late Wednesday for banning Lozoya from holding public positions for 10 years. The comptroller hadn’t identified the executive.Nieto says the ban is fundamental in the fight against corruption and impunity.Former executives of Brazilian construction giant Odebrecht have given evidence to prosecutors in that country that implicates Lozoya in the company’s bribery scandal. Lozoya has denied receiving bribes.Earlier this month, Mexico’s attorney general said there was new evidence in the case in Mexico and charges would come within two months.The Associated Press
TORONTO — Stock markets surged Friday on further indications that a long-awaited fix to the euro zone debt crisis could be at hand.The S&P/TSX composite index gained 126.61 points to 11,766.36 and the TSX Venture Exchange climbed 9.22 points to 1,190.64 after German Chancellor Angela Merkel and French President Francois Hollande released a joint statement saying they will do anything they can to stop the 17 countries that use the euro from breaking up. They didn’t offer details.Markets have rallied strongly since the European Central Bank president pledged Thursday to do whatever it takes to save the euro currency union.Mario Draghi suggested that the central bank could intervene in markets to lower the borrowing rates of financially weak countries like Spain.“At the end of the day, the only institution that is critical to resolving the issue is the European Central Bank,” said Patrick Blais, managing director and portfolio manager at MFC Global Investment Management.“They’re the only institution with the capacity and the ability to at the end of the day to monetize part of the debt.”The Canadian dollar rose 0.51 of a cent to 99.56 cents US amid rising prices for oil and metals.New York markets were also sharply higher despite data showing economic growth slowed during the second quarter to its lowest pace in a year. Gross domestic product rose 1.5%, which was roughly in line with expectations. That’s down from a revised two% gain in the first quarter. But the data raised expectations that the U.S. Federal Reserve will indicate next week that another round of economic stimulus is in the works.The Dow Jones industrials surged 187.73 points to 13,075.66.The Nasdaq composite index was ahead 64.84 points to 2,958.09 and the S&P 500 index climbed 25.95 points to 1,385.97.Stocks have been depressed in recent weeks as the focus of the European government debt crisis moved to Spain. Traders skeptical over the government’s ability to manage high debt levels have driven up bond yields past the seven% level, which is considered unsustainable in the long run.Draghi suggested that the ECB considers it part of its job to keep government borrowing rates at normal levels. It could do so by buying government bonds, which has the effect of lowering their yield, or interest rate.Hopes for central bank assistance in Europe and the U.S. helped push the TSX up 1.23% this week.Commodity prices advanced with September copper ahead three cents to US$3.43 a pound. The base metals sector led gains, up 2.5%. First Quantum Minerals improved by 53 cents to $18.60.The September crude contract on the New York Mercantile Exchange ahead 74 cents to US$90.13 a barrel, helping take the energy sector up 1.84%. Imperial Oil moved ahead 87 cents to $43.64.The financial sector rose 1.53% with Sun Life Financial ahead 53 cents to $21.40.Shares in insurance and investment giant Fairfax Financial Holdings Ltd. shed $2.01 to $377.99 after it said quarterly profit rose 14%, largely due to improved underwriting results and a jump in revenues from premiums written by its insurance and reinsurance businesses.Techs also lent support with shares in electronics manufacturer Celestica Inc. ahead 53 cents or 7.17% to $7.92 after it said quarterly net income fell 48% as it prepares for the end of its relationship with Research In Motion Ltd., for which it had assembled BlackBerry phones. Revenue for the three months dropped five% to $1.74-billion, above expectations for $1.69-billion.The gold sector turned positive while August gold gained $2.90 to US$1,618 an ounce. Barrick Gold continued to lose ground after issuing a disappointing earnings report Thursday, down 55 cents to $32.49.Eldorado Gold gained 58 cents to $11.10 after it reported quarterly net income of $46.6 million or seven cents share. That is down 38% from a year ago. Revenues from gold sales for the quarter came in at $214.2-million, down 13% from a year earlier. Eldorado also revised its 2012 production guidance downward.Elsewhere on the earnings front, Facebook shares plunged 11.7% to US$23.70 after the social networking site reported stronger-than-expected revenue and a gain in user numbers Thursday. But investors weren’t impressed with the fact that growth has slowed. Also, Facebook didn’t offer an outlook for the rest of the year.Starbucks dropped 9.4% to US$47.47 after the coffee retailer reported Thursday that net income in its fiscal third quarter rose 19% from a year ago. But analysts expected more, and were further disappointed when the company cut its outlook for the current quarter because of a recent slowdown in U.S. customer traffic and persisting challenges in hard-hit European regions.In Canada, TransCanada Corp. posted second-quarter net income attributable to common shares of $272-million or 39 cents per share, down from $353-million or 50 cents per common shares in the same period last year. Revenue came in at $1.8-billion compared to $1.79-billion year over year.TransCanada also said it has won final approval on three permits needed to build an oil pipeline to refineries on the Texas coast. Its shares edged five cents higher to $44.85.
He said that real peace can be achieved only after a political solution is given to the people in the North and East of the country.Premadasa also called on UNP stalwarts including the “Wickremesinghes” to join hands for the ultimate goal of establishing a UNP government. (Colombo Gazette) The United National Party (UNP) today called for the unconditional release of former Army Commander General Sarath Fonseka.UNP Deputy Leader Sajith Premadasa, addressing the R. Premadasa commemorative event in Colombo, said that terrorism was defeated as a result of the leadership given to the military by Fonseka in 2009. Sarath Fonseka’s wife Anoma Fonseka was among the guests at the commemorative event while several UNP members and supporters also attended. Speaking here further Premadasa also said that while the UNP welcomes the defeat of terrorism, the country was yet to experience the true fruits of peace.
Meeting in Bonn at the International Conference on Freshwater, ministers from 22 African countries adopted a 17-point Declaration resolving to “put water, sanitation and hygiene issues from the margins to the centre of the sustainable development agenda in Africa,” according to the UN Environment Programme (UNEP).The recommendation comes against the background of recent statistics showing that 6,000 people a day, or over 2 million a year, are dying as a result of sub-standard sanitation.The ministers expressed hope that the UN World Summit on Sustainable Development (WSSD), taking place in Johannesburg next September, would deliver the much-needed solutions to Africa’s water and sanitation crisis.“We call upon the cooperating partners of Africa and the international community to support a regional and global alliance for tackling water and sanitation problems,” the Declaration says, adding that there is a need for “drastic measures to improve water, sanitation and hygiene conditions for all our peoples.”Among the eight key actions needed to deliver sufficient safe and clean water for people and wildlife are a strengthening of policies and laws for water management, an intergovernmental policy dialogue for water security and financing for the development of the water sector.
Box Office Top 20: ‘Beauty’ adds $90.4 million in weekend 2 LOS ANGELES, Calif. – Disney’s live-action “Beauty and the Beast” performed even better than expected in its second weekend in theatres, adding $90.4 million to its North American grosses, which now tally at $319 million.“Beauty and the Beast” easily topped the crop of newcomers, including Lionsgate’s “Power Rangers” which got off to a solid start with $40 million and a few less successful debuts as well.The sci-fi thriller “Life,” starring Jake Gyllenhaal and Ryan Reynolds opened in fourth place, behind “Kong: Skull Island,” with a middling $12.5 million, while the big screen take on “CHIPS” only managed to bring in $7.7 million in its first weekend in theatres for a seventh place start.The top 20 movies at U.S. and Canadian theatres Friday through Sunday, followed by distribution studio, gross, number of theatre locations, average receipts per location, total gross and number of weeks in release, as compiled Monday by comScore:1. “Beauty And The Beast,” Disney, $90,426,717, 4,210 locations, $21,479 average, $319,032,604, 2 Weeks.2. “Power Rangers,” Lionsgate, $40,300,288, 3,693 locations, $10,913 average, $40,300,288, 1 Week.3. “Kong: Skull Island,” Warner Bros., $14,670,653, 3,666 locations, $4,002 average, $133,747,891, 3 Weeks.4. “Life,” Sony, $12,501,936, 3,146 locations, $3,974 average, $12,501,936, 1 Week.5. “Logan,” 20th Century Fox, $10,334,390, 3,163 locations, $3,267 average, $201,644,986, 4 Weeks.6. “Get Out,” Universal, $8,851,845, 2,474 locations, $3,578 average, $147,669,880, 5 Weeks.7. “Chips,” Warner Bros., $7,722,802, 2,464 locations, $3,134 average, $7,722,802, 1 Week.8. “The Shack,” Lionsgate, $3,859,551, 2,330 locations, $1,656 average, $49,146,595, 4 Weeks.9. “The Lego Batman Movie,” Warner Bros., $2,100,951, 1,638 locations, $1,283 average, $170,972,203, 7 Weeks.10. “The Belko Experiment,” OTL Releasing, $1,878,370, 1,341 locations, $1,401 average, $7,648,935, 2 Weeks.11. “Hidden Figures,” 20th Century Fox, $753,140, 640 locations, $1,177 average, $167,015,012, 14 Weeks.12. “The Last Word,” Bleecker Street, $535,493, 380 locations, $1,409 average, $988,218, 4 Weeks.13. “John Wick: Chapter Two,” Lionsgate, $457,414, 403 locations, $1,135 average, $90,851,421, 7 Weeks.14. “Rogue One: A Star Wars Story,” Disney, $446,992, 267 locations, $1,674 average, $531,314,491, 15 Weeks.15. “Passengers,” Sony, $397,472, 506 locations, $786 average, $99,886,692, 14 Weeks.16. “Lion,” The Weinstein Company, $394,481, 320 locations, $1,233 average, $50,736,321, 18 Weeks.17. “T2: Trainspotting,” Sony, $389,453, 59 locations, $6,601 average, $622,727, 2 Weeks.18. “Wilson,” Fox Searchlight, $336,227, 310 locations, $1,085 average, $336,227, 1 Week.19. “The Sense Of An Ending,” CBS Films, $276,816, 235 locations, $1,178 average, $1,031,040, 3 Weeks.20. “Phillauri,” Fox International Productions, $260,982, 74 locations, $3,527 average, $260,982, 1 Week.—Universal and Focus are owned by NBC Universal, a unit of Comcast Corp.; Sony, Columbia, Sony Screen Gems and Sony Pictures Classics are units of Sony Corp.; Paramount is owned by Viacom Inc.; Disney, Pixar and Marvel are owned by The Walt Disney Co.; Miramax is owned by Filmyard Holdings LLC; 20th Century Fox and Fox Searchlight are owned by 21st Century Fox; Warner Bros. and New Line are units of Time Warner Inc.; MGM is owned by a group of former creditors including Highland Capital, Anchorage Advisors and Carl Icahn; Lionsgate is owned by Lions Gate Entertainment Corp.; IFC is owned by AMC Networks Inc.; Rogue is owned by Relativity Media LLC. by The Associated Press Posted Mar 27, 2017 4:19 pm MDT Last Updated Mar 28, 2017 at 7:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email This image released by Disney shows Dan Stevens as The Beast, left, and Emma Watson as Belle in a live-action adaptation of the animated classic “Beauty and the Beast.” (Disney via AP)
CHINA MINING Congress and Expo will open in Tianjin on October 20-22, 2009. International Mining is an international media sponsor and will have a booth there. Just today Mineweb reports base metals companies have attracted more investment than their glamorous gold mining counterparts recently, thanks to China’s appetite for metals and still strong investor interest.How is the current economic situation affecting the mining industry & commodities?What do the industry and commodity trends look like?What is the role of China within the global mining industry?How and where can you find business opportunities in China and Chinese companies going abroad? ……All those are keen questions in the industry without certain answers, and this event will provide the appropriate platform to discuss all these questions during one of the largest mining events worldwide, hosted by China’s Ministry of Land & Resources.Providing the largest mineral exploration and mining trading platform, CHINA MINING Congress and Expo plays an important role in creating more communication and co-operation opportunities for domestic and international mining corporations. The rising importance of CHINA MINING Congress and Expo will be also reflected by the continuous raising of the annual visitors and delegates. So more than 3,500 delegates and 400 exhibitors from nearly 50 countries & regions joint the event and celebrated the 10th anniversary in 2008.CHINA MINING Congress & Expo’s trade show attracts foreign and domestic governments, associations and companies, including mining and exploration companies, mining technique and equipment suppliers, geologists as well as banks and legal consulting firms.Conference, exhibition and featured events, as the three cores of CHINA MINING Congress & Expo, contribute to greater world appeal and influence. CHINA MINING Congress & Expo not only collects a tremendous information, capital and technology stream, but also provide a convenient channel for the purpose of economic and trading co-operations and communications between China and the world.CHINA MINING Congress & Expo will continue to impel the constant development of the global mining economy with its cohesive effect and core impact. Therefore this year’s show is also going to build a wider stage for a better dialogue and co-operation opportunity for governments, enterprises and all circles from each country.CHINA MINING Congress & Expo 2009 will be held at Tianjin Binhai International Convention and Exhibition Center (BICEC) on October 20-22, 2009. For more information, please visit http://www.china-mining.org/
La Joconde livre de nouveaux secrets France – Comment Léonard de Vinci est-il parvenu à peindre des visages aussi parfaits ? Pour la première fois, une analyse chimique a été effectuée sur sept tableaux du musée du Louvre, dont la célèbre Joconde. Elle a permis de révéler la composition et l’épaisseur de chaque couche de matière déposée par le peintre. La peinture de Léonard de Vinci fascine par la subtilité de ses effets optiques, qui donnent un effet artistique vaporeux estompant les contours, adoucissant les transitions et fondant les ombres comme une fumée. Baptisée sfumato, cette technique picturale est non seulement le fruit du génie de l’artiste mais également le résultat des innovations techniques du début XVIe siècle. Si des observations minutieuses, des mesures optiques et des reconstitutions ont déjà décrit le sfumato, de nouvelles analyses tendent à confirmer le procédé notamment dans la façon dont sont rendus les dégradés. Pour la première fois, l’équipe de Philippe Walter du laboratoire du centre de recherche et de restauration des musées de France, affilié au CNRS, apporte un nouvel éclairage sur le sfumato grâce à une étude chimique des couches de peinture. Sept tableaux attribués à Léonard de Vinci ont été analysés sans prélèvement, directement dans les salles du musée du Louvre (L’Annonciation ; La Vierge aux rochers ; La Belle Ferronnière ; Sainte Anne, la Vierge et l’Enfant ; La Joconde ; Saint Jean-Baptiste ; Bacchus).À lire aussiUn mystérieux portrait découvert sous un tableau de Picasso Les scientifiques se sont concentrés sur l’étude des visages car ils sont emblématiques du rendu pictural du sfumato. Ils ont utilisé la spectrométrie de fluorescence des rayons X pour déterminer la composition et l’épaisseur de chaque couche de matière au niveau de neuf visages dont celui de Mona Lisa. Tous ont été peints par Léonard de Vinci sur 40 ans de carrière. Les chercheurs ont ainsi mis en évidence plusieurs recettes employées par l’artiste pour réaliser les ombres sur les visages. Ces recettes sont caractérisées à la fois par une technique (emploi de couches de glacis ou d’une peinture très fine) et par la nature des pigments ou des additifs. Dans le cas des glacis, des couches fines de 1 à 2 micromètres ont été minutieusement appliquées pour atteindre une épaisseur totale ne dépassant pas 30 à 40 micromètres. L’ensemble des données obtenues lève un voile sur les recherches constantes de Léonard de Vinci dans le rendu du vivant de ses œuvres d’art.Le 16 juillet 2010 à 11:44 • Emmanuel Perrin
Beppe Marotta admits Ivan Perisic is likely to complete a switch to Arsenal with the sporting director confirming the player doesn’t want to stay at the club.Perisic has reportedly agreed to personal terms with Arsenal but a sticking point remains the structure of his transfer, and Marotta warned time was running out for the Gunners.“The meal went well,” the Nerazzurri chief disclosed to Football Italia after a meeting with Inter Coach Luciano Spalletti and the club’s board.“It’s a normal situation and it happens at all clubs because yesterday the President couldn’t come to Turin.“We took stock of the situation, it’s normal. Perisic? I repeat, it’s difficult to keep players who don’t want to stay, but no real offer has come in yet so there are no grounds [for him to leave right now].Top 5 Premier League players to watch for next weekend Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Premier League’s Top 5 players to watch this weekend.After…“It’s up to us to manage this situation. I was hoping for a very quiet transfer window. Instead, there have been very few developments and plenty of dissatisfaction.”Morning. Here’s a video of Perisic making defenders fall over, pic.twitter.com/ZT3oMsuoWY— Aido (@HandofEmery) January 28, 2019
Craig Stephen Hicks faces murder charges in the slaying of three young Muslims in North Carolina. RALEIGH, N.C. — The fathers of three young Muslims allegedly slain by a neighbor who was angry over parking spots stood before their caskets Thursday and urged a crowd of thousands to protect others by demanding justice. More than 5,000 people came to the funeral of Deah Shaddy Barakat, 23; his wife, Yusor Mohammad Abu-Salha, 21; and her sister Razan Mohammad Abu-Salha, 19, who were killed Tuesday in the couple’s Chapel Hill apartment. A self-described “gun toting” atheist with a reputation for bullying his neighbors, Craig Stephen Hicks, turned himself in and was jailed on first-degree murder charges. Chapel Hill police said they are investigating whether religious or ethnic hatred motivated Hicks in any way, and federal investigators said hate crimes haven’t been ruled out. The FBI also announced Thursday that it has “opened a parallel preliminary inquiry to determine whether any federal laws were violated.” U.S. Attorney Ripley Rand, the district’s top federal prosecutor, had said Wednesday that there was no immediate evidence Muslims were being targeted.
‘When I entered the ground the only thought came in my mind was that we have to win this and we can win this. I had the intuition that it will be our day and we will create history,’ Sreejesh told PTI Bhasha from Incheon, South Korea.A spirited India edged past defending champions Pakistan 4-2 in a nerve-wracking shoot-out to regain the Asiad men’s hockey gold after a gap of 16 years and also sealed a direct entry into the 2016 Rio Olympic Games.Hero of the match Sreejesh, who excelled in regulation time and shoot out as well, said that handling pressure is always key.‘There was pressure as it was a match against Pakistan but I took it as any other normal match. Everyone including me did not let emotions dominate us and we played with passion. That was our key to success,’ he said.It was not an easy task to cope up with additional pressure while playing the final against a side which had also beaten them in the league phase, but Sreejesh opined that the first loss was an eye opener.‘The loss against Pakistan in pool phase was an eye opener . After that we worked harder and were more focused that resulted in semifinal win against strong team like Korea,’ he said.Asked about the heart-breaking 1-7 Asiad final loss against Pakistan in 1982, Sreejesh said that the present win will wipe out all the bad memories.‘Ofcourse, people like to remember good things, good memories. I am sure that they will now remember this win and forget past losses. It is the beginning of a new era,’ he said.Sreejesh also admitted that the expectations will be higher now and said that the team is ready to deliver.‘We know that people will expect us to win more. They want us to do well in Rio Olympic and we are ready to deliver. We have defeated Pakistan, won Asiad gold and qualified for Olympics so this is a 3-in-1 victory for us. We have enough time to prepare for Olympic and won’t let our countrymen down,’ he said.When asked about how they celebrated the win, he said that actual celebration will happen in India.‘We went out for dinner on Thursday but actual celebration will happen in India . May be in our next camp,’ he said.
2010 was a “landmark year” for MAp MAp Airports Limited has announced proportionate earnings of AU$445.4 million for the six months to December 2010, up 19.3 per cent on the year before. “It is the first full year we have operated as a standalone entity and we have delivered 19.3 per cent proportionate earnings growth,” MAp chief executive Kerrie Mather said. “Against a backdrop which has included the impact of the volcanic ash cloud in Europe and significant appreciation of the Australian dollar, this is an outstanding result reflecting a very strong traffic performance, commercial revenue initiatives and continued cost discipline.” According to Ms Mather, 2010 was “a year of delivery” for MAp, who in recent months recorded record levels of traffic at its Sydney and Copenhagen airports. 2010 also saw the successful completion of aeronautical charges agreements at Copenhagen and Brussels airports, as well as the end of the company’s AU$1.9 billion refinancing of all 2011 and 2012 debt maturities at Sydney Airport.“MAp’s financial position remains very strong with no corporate debt and cash of AU$755 million which provides significant financial flexibility,” Ms Mather added. Source = e-Travel Blackboard: M.H
How Could Mortgage Rate Upswings Impact Housing? Share February 26, 2018 763 Views Freddie Mac Freddie Mac Insight Interest rates Mortgage Interest Rates 2018-02-26 David Wharton in Daily Dose, Government, Headlines, journal, Market Studies, News Freddie Mac has released its February Insight report, which “looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and real estate agents.” For this latest Insight report, Freddie Mac economists have looked at how rising mortgage interest rates could impact the housing market, as well as what ripples past increases have caused.To begin, Freddie’s Insight Report looks back at a historical period when mortgage interest rates were at their highest in recent memory: the years between 1977 and 1981. In 1977, the interest rate for a new 30-year fixed-rate mortgage was 8 percent. Four years later in 1981, that same mortgage would have included an 18 percent interest rate. As the Insight report explains, “This was the most dramatic increase in mortgage rates in the last 50 years.”What impact did this skyrocketing of mortgage interest rates have on the housing sector? Per the Insight report, new mortgage originations fell nearly 40 percent, from $162 billion in 1977 to $98 billion in 1981. Annual single-family home sales dropped 36 percent, from 4.5 million to 2.9 million. Finally, housing starts for single-family homes dropped by over 51 percent, from close to 1.5 million to 705,000 by 1981.“History has shown that periods of rising mortgage rates can be challenging for U.S. housing and mortgage markets,” said Len Kiefer, Deputy Chief Economist, Freddie Mac. “In historical episodes of rising rates, home sales slipped, housing starts stalled, and mortgage originations swooned. Home builders are doubly affected by increasing mortgage rates because they use financing to fund construction costs. When interest rates on funding for new construction and mortgage rates rise simultaneously, home builders are squeezed by a fall in demand and an increase in costs. However, though rates have moved higher recently, mortgage credit is still historically cheap if borrowers can get in while the getting is good.”So where does Freddie project mortgage interest rates to go in 2018, and what would the impact of those changes be? The Insight report says that if rates continue to hover between 3.5 and 4.5 percent and inflation remains low, originations, home sales, and housing starts should each increase by 5-10 percent this year.If, on the other hand, rates spike by 1.5 percentage points, Freddie forecasts originations to fall by 30 percent, with home sales and starts also dropping between 5-11 percent.Kiefer asks, “If rates rise, will housing markets follow the historical precedent, or will they buck the trend and maintain momentum? It’s uncertain, but with a solid labor market, rising household incomes, and a demographic tailwind from a large young adult population coming of age, U.S. housing markets could show modest growth this year even with higher mortgage rates.”You can read all of Freddie Mac’s Insight reports by clicking here.
by Jonathan Landrum Jr., The Associated Press Posted Feb 10, 2019 5:44 pm PDT Ariana Grande a no-show despite winning first Grammy Award LOS ANGELES — Ariana Grande won her first Grammy Award on Sunday, but the singer didn’t collect it after deciding to skip the ceremony following a public dispute with the show’s producer.Grande won the best pop vocal album trophy for “Sweetener,” beating Taylor Swift, Kelly Clarkson, Pink, Shawn Mendes and Camila Cabello. Grande was not in attendance at the pre-telecast ceremony, but she wrote on Twitter that her win was “wild and beautiful.”“I know I’m not there tonight,” she tweeted. “Trust, I tried and still truly wished it had worked.”Grande accused Grammy telecast executive producer Ken Ehrlich of lying about discussions with the superstar singer about performing at Sunday’s ceremony. Ehrlich told The Associated Press on Thursday that Grande had told producers that she didn’t have adequate time to prepare.“As it turned out, when we finally got to the point where we thought maybe it would work, she felt it was too late for her to pull something together for sure,” he said in an interview.But Grande fired back in a social media post that she “can pull together a performance over night and you know that, Ken.” She alleged her “creativity” and “self-expression” was “stifled,” adding, “I hope the show is exactly what you want it to be and more.”Grande has been featured on billboards promoting the show, airing live on CBS from the Staples Center in Los Angeles. Her song “God Is a Woman” was nominated for best pop solo performance, but she lost to Lady Gaga, who won for “Joanne (Where Do You Think You’re Goin’?)”Without Grande, performers at the Grammys will include Cardi B, Dolly Parton, Lady Gaga, Travis Scott, Red Hot Chili Peppers, Diana Ross, J Balvin, Camila Cabello, Brandi Carlile, Dan + Shay, H.E.R., Little Big Town, Post Malone, Chloe x Halle and Dua Lipa.Grande released her new album, “Thank U, Next” on Friday.___Online: https://www.grammy.comJonathan Landrum Jr., The Associated Press AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
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