BlueCrest goes to the market for more cash

first_img Share whatsapp Show Comments ▼ Wednesday 15 September 2010 8:15 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads HEDGE fund BlueCrest hopes to cash in on demand for its AllBlue fund to raise up to £80m this month, after announcing a share sale yesterday. It is the AllBlue fund’s third offering in 12 months, and will place new shares worth 9.99 per cent of total issued stock. AllBlue successfully raised £349m in June and took £100m in December, and said there was ongoing desire for its shares. AllBlue chairman Richard Crowder said: “This proposed placing responds to the considerable demand we have witnessed from investors.“BlueCrest AllBlue is performing well and is trading at a premium to net asset value. BlueCrest remains confident that it represents an attractive opportunity in current market conditions.” RBS Hoare Govett and Dexion Capital are acting as joint bookrunners for the company, which tracks other funds owned by parent BlueCrest Capital Management. AllBlue had $5.2bn (£3.3bn) of assets under management on 1 September, when it hit its target half-year return of five per cent on its sterling shares. AllBlue’s smaller euro and dollar share classes returned 9.2 and two per cent respectively. center_img BlueCrest goes to the market for more cash Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

NCBA Group PLC (NCBA.ke) 2014 Abridged Report

first_imgNCBA Group PLC (NCBA.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2014 abridged results.For more information about NCBA Group PLC (NCBA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the NCBA Group PLC (NCBA.ke) company page on AfricanFinancials.Document: NCBA Group PLC (NCBA.ke)  2014 abridged results.Company ProfileNCBA Group Plc is a financial services institution in Kenya offering banking products and services for the retail, commercial and corporate sectors. It also offers stock brokerage, bancassurance, leasing and investment banking services through operations in Kenya, Tanzania and Uganda. Its full-service offering ranges from transactional banking products and services to unsecured and secured loans, secured diaspora loans, property purchase loans and insurance premium financing as well as asset-based lending, capital expenditure loans and construction loans. NIC Bank Limited offers institutional banking services to non-government organisations, diplomatic missions and their affiliate donor/aid entities as well as government institutions, multi-nationals, domestic corporates and medium- to high-net worth individuals. Formerly known as NIC Bank Limited, the company changed its name to NIC Group Plc in 2017. Its head office is in Nairobi, Kenya. NCBA Group Plc is listed on the Nairobi Securities Exchangelast_img read more

Is the Vodafone share price an unmissable FTSE 100 bargain?

first_imgSimply click below to discover how you can take advantage of this. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rupert Hargreaves | Sunday, 5th January, 2020 | More on: VOD Image source: Getty Images The Vodafone (LSE: VOD) share price looks quite attractive at first glance. The stock is trading at around 150p, slightly below its 52-week high of 165p, and significantly below its five-year high of 250p. However, from an earnings perspective, the stock looks quite expensive. It is currently dealing at a price-to-earnings ratio of 22.6 for the 2020 financial year. But looking at the company’s earnings figure alone gives something of a misleading picture.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A better way to value the businessYou see, Vodafone owns a lot of capital equipment, such as telecoms masts, buildings and data centres. Accounting rules and regulations require these assets to be depreciated, which appears as a charge on the income statement. This is an accounting charge only and has no impact on the company’s underlying cash flows. As a result, when evaluating companies like Vodafone, which have lots of capital assets, price-to-free-cash-flow tends to be a better valuation metric over the P/E ratio. The same can be said for the EV/EBITDA multiple, as this strips out the distorting effect of depreciation on earnings. It also takes into account debt.  On both of these metrics, Vodafone looks much more attractive. The stock is trading at a price-to-free-cash-flow ratio of 7.3, compared to the telecommunications industry median of 13.7.What’s more, it is trading at an EV/EBITDA ratio of 6.5 compared to the industry median of 9.8. These metrics imply the Vodafone share price is trading at a discount of 47% and 34% respectively to the industry average.One concernThe above figures seem to suggest that the Vodafone share price is an unmissable bargain at current levels.As well as the discount valuation, the stock also supports a dividend yield of 5.4% at the time of writing. So it looks as if investors will be paid to wait for the share price recovery. That being said, the one thing that does concern me is the company’s level of debt. Vodafone’s debt has ballooned in recent years as the group has been forced to spend more on upgrading its infrastructure, and bidding for mobile spectrum rights around the world. Management is trying to get these liabilities under control, but progress is slow.The company is plotting a spin-out of its tower business and cut its dividend earlier in 2019 to save cash.In my opinion, Vodafone’s level of debt justifies the company’s discounts to the rest of the sector. Hopefully, we should have some more progress on debt reduction in 2020, and when we do, I think there is a good chance the market could re-rate the stock higher and this should send a signal to the market that the dividend is safe from further cuts. The bottom lineSo overall, the Vodafone share price does look cheap at current levels, but until the company gets its debt mountain under control, I think the market is likely to continue to give the stock a wide berth. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Is the Vodafone share price an unmissable FTSE 100 bargain? See all posts by Rupert Hargreaveslast_img read more

VW: UAW advances organizing in South

first_imgFor decades, the United Auto Workers has been unable to organize a single non-union “transplant” — plants of Asian and European auto companies, most of them in the South. The game has now changed. On Dec. 4, the National Labor Relations Board announced that the UAW won the right to represent 164 skilled trades workers who repair and maintain equipment at the Volkswagen plant in Chattanooga, Tenn. The vote was 108-44 for the union.In 2014, under a barrage of anti-union scare tactics, the UAW narrowly lost an NLRB-conducted representation election. A win would have been a huge boost to the union’s efforts to organize the transplants. The loss was particularly stunning given the neutrality agreement between the UAW and VW that should have made the election an easy win.On the eve of the February 2014 election, U.S. Senator Bob Corker (R-Tenn.) dropped a bombshell, claiming that if the UAW won, VW would not build the next generation of SUVs in Chattanooga. Tennessee Gov. Bill Haslam also campaigned against the union, along with anti-union worker groups funded by right-wingers like Grover Norquist. After the negative vote, VW confirmed that Corker’s claim was a lie.This latest win, while significant, leaves 89 percent of the hourly VW workforce — those who actually build the vehicles — outside of the collective bargaining process. Although the UAW claims a majority of VW workers as members, it has not filed for a plantwide election. Perhaps it fears it lacks enough of a majority to beat back another round of anti-union propaganda. Volkswagen recognizes the UAW as a “members-only” organization for those it signed up, but grants similar status to the American Council of Employees.ACE is not a rival “anti-UAW union,” as it has been portrayed, but a union-busting formation funded by the same forces that promoted the “no” vote last year. In many ways ACE functions like a classic company-funded union — now illegal under the National Labor Relations Act. It differs in that it is not funded by VW itself but by elements of the capitalist class whose political agenda is to keep the U.S. South — where union density is the sparsest — a low-wage, union-free haven for corporations. Corker, Norquist and company are the political heirs of the racist Dixiecrats, who hated unions because they empower the Black working class.What happened to VW’s ‘neutrality’?Volkswagen shed its pretense of neutrality with this second election. The company filed an appeal with the NLRB, arguing that the union has no legal right to represent only a sector of its workforce. The company’s case is weak, especially considering a recent board ruling that a union could represent “micro-units” within a company. Consider the airline industry, where there are different unions for pilots, mechanics, flight attendants and ticket agents; at some airlines only one or two of these subgroups are organized.It’s important to note that a drawn-out legal battle with the company would create a burden for the UAW regardless of the outcome.The company also refused to recognize the UAW on the basis of “card check” — where a union presents proof that a majority of employees have signed union authorization cards. Moreover, VW has yet to honor an agreement it made to bargain with the UAW as a members-only union to set wages, benefits, and other terms and conditions for VW workers who are in the union. Management now seems to be of the same mind as Corker in relation to the UAW.What has changed? For one, the UAW contracts with Ford, General Motors and Fiat Chrysler raised wages substantially. While the contracts did not fully eliminate two-tier wages and benefits, the top pay — which for second-tier workers had been lower under the old contract than the hourly wage at VW — is now about $8 an hour more than at the Chattanooga plant. A UAW-represented workforce at VW would aspire to achieve wage parity with the Detroit Three.The company, especially now, is in no mood to raise wages. Its current diesel emissions scandal will cost VW an estimated $10 billion in repair costs, as well as fines and legal costs. The workers, however, need a union desperately, and not just for better wages. Plant management is demanding workers be hyperproductive, and this is causing a rise in injuries and job-related stress.Yet the UAW has not dropped its push for a German-style works council built around the class-collaborationist concept of “co-determination.” The resolution that came out of the UAW’s March Special Bargaining Convention seeks to expand the model beyond Volkswagen.However, the UAW cannot rely on VW’s professed neutrality. Now is the time to build on the win among the skilled trades and organize the production workers.Southern workers need the labor movement. The labor movement needs the South. Class-struggle unionism in the tradition of the 1937 Flint sit-down strike and the 1968 Memphis sanitation strike is the only way forward.Grevatt is a 28-year Chrysler worker and UAW member. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Seeking justice for Mikayla Miller, Black lesbian teen

first_imgHopkinton, Mass.May 6 — The death of 16-year-old Black lesbian Mikayla Miller under mysterious circumstances in mid-April has ignited an outcry from a broad front of anti-racism forces.Black and LGBTQ2S+ organizers from the Greater Boston area joined with Mikayla’s grieving community to lead a vigil today that drew thousands from around the state.Mikayla MillerDetails available about Mikayla Miller’s final hours — and the way her body was discovered — are chilling. On April 17, Mikayla’s mother called local police to report that Mikayla had been jumped in her apartment complex by several white youths whom she knew. Police came to the apartment, where Mikayla gave a statement that she had been assaulted. Less than 12 hours later, a jogger found Mikayla dead in the woods near her home, tied to a tree with a leather belt.Mikayla’s family was notified that first-responder and police agencies were treating the death as a suicide despite glaring signs of foul play that clearly warranted a homicide investigation. This aroused concern that racism of police and other officials had impacted decisions about how the state was handling Mikayla’s death. Those decisions irreparably delayed a timely, unbiased investigation. This would have been the best chance to confirm or rule out any theory of what occurred in the hours, minutes and moments before Mikayla’s life ended forever.When the family examined police records, they noted that official logs were missing for both the April 17 assault and the April 18 discovery of Mikayla’s body. They challenged investigators to be transparent about the status of the case. In response, police threatened the family with publicizing Makayla’s sexual orientation if they went public with their concerns.Grief over losing Mikayla turned into outrage over these threats. Mikayla’s mother, Calvina Strothers, began posting about Mikayla’s death and the lack of investigation on social media, where the story spread quickly and resonated deeply with many, especially Black, Indigenous and queer high school youth.Racist response from district attorneyAs news spread, Middlesex County District Attorney Marian Ryan came under fire both for mishandling the investigation and for her office’s anti-Black, anti- LGBTQ2S+ insensitivity and lack of accountability.Under mounting public pressure, DA Ryan finally appeared before the media and admitted her office had indeed determined that Mikayla was the victim of a crime, promising information would be released “as soon as legally feasible.”But the DA’s mealymouthed statements only added insult to injury, because the community’s complaints that the investigation was tainted by racism were brushed off as “patently false.” The DA defended the gross negligence and misconduct of racist cops who mishandled the investigation — and repeatedly subjected Mikayla and those who advocated for her to racist, sexist, homophobic treatment and character assassinations.All information coming out of the DA’s office has bolstered the racist status quo of the injustice system and amounts to an admission that the whole system is designed to fail Black people, who are victims of deadly white-supremacist violence — especially in an affluent suburban community. Prosecutors often demand airtight evidence before charging or arresting white suspects, as the DA’s office maneuvers to avoid a loss in its prosecution “score,” when going up against a well-funded defense.Black community organizers advocating for Mikayla and her family have pointed out the history of racist policing. They emphasize that if roles were reversed — with a high profile white victim — Black people would already be in custody named as suspects, subjected to coercive interrogations and heavy charges, their mugshots all over the news, with a full-court press mounted to obtain a confession (plea bargain).Multinational, queer-straight solidarityAt today’s vigil, a wave of multinational, queer-straight solidarity surrounded Mikayla’s family, her loved ones and every young person of color who this incident has forced to ponder: “What if that was me?”Justice can only be won in the streets, fighting against every case of police and prosecutorial racism and bigotry. In the streets, anti-racist youth — even in suburban towns like Hopkinton, Mass. — can gain experience in having each other’s back. Only in the streets can the people mount an effective campaign for nothing short of the abolition of the rotten system that allows police harm, oppression and murder to continue unchecked.Black and Indigenous women and girls are discarded, disappeared and murdered every day in this capitalist society built on settler colonialism and patriarchy. Every day homophobia, gender binarism and transphobia is used to bully and traumatize queer youth, and many are pushed to the edge of suicide.Every year, dozens of queer youth of color are murdered by people they know. The facts in Mikayla’s death are glaringly conclusive. There should have been zero questions that foul play was the first and most likely thing to consider, when a Black queer teenager is found dead in the manner that Mikayla Miller was.The police and the DA’s office have proven time and again that all the diversity and “cultural competence” training in the world are incapable of reforming law enforcement into a system that will treat oppressed communities with respect and dignity.Mikayla Miller’s case is raising an outcry not because it is unusual. Her death and the criminal lack of response by the state resonates with people, because they see again what has been wrong here in Massachusetts for centuries: the utter incapacity of the state to respect the humanity of Black and Brown and queer folks. The whole damn system needs to go!A rally calling for the ouster of DA Marian Ryan is set for May 21.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

RWB appalled by Chinese journalist’s forced confession on TV

first_img to go further The Chinese authorities announced yesterday that Gao Yu, a well-known journalist who had been missing since 23 April, has been placed in criminal detention on suspicion of transmitting “state secrets” to news outlets outside China.State-owned China Central Television yesterday broadcast video of Gao confessing to having made a “big mistake” and admitting her “guilt.”The state-owned Xinhua news agency reported that Gao has been detained since 24 April for sending a copy of a “highly confidential” document to a foreign entity and that the police had found “substantial” evidence of her guilt at her home. Revealing state secrets carries a maximum sentence of 10 years in prison.“The staging of Gao Yu’s confession is outrageous”, Reporters Without Borders secretary-general Christophe Deloire said. “The Chinese authorities, who constantly flout freedom of information, are trying to set an example by targeting this well-known journalist.“We demand Gao’s immediate release and the withdrawal of these charges. Extracting a confession under duress and broadcasting it on state TV constitute a grave violation of fundamental rights. The authorities must end their policy of persecuting those who just do their job by informing their fellow Chinese citizens.”Gao recently posted articles on the Chinese-language version of the Deutsche Welle website about an internal party document called “Document No. 9: On the situation in the ideological sphere.” It warns against western values that are considered dangerous, including constitutional democracy, the universality of human rights, the independence of the media and civil society, economic neo-liberalism, and “nihilist” criticism of the party’s past errors.The winner of many awards, including the UNESCO/Guillermo Cano World Press Freedom Prize in 1997, Gao was already sentenced in 1993 to six years in prison on a charge of divulging state secrets.Censorship and dissident arrests tend to increase every year in the run-up to the anniversary of the June 1989 Tiananmen Square and this year’s anniversary will be the 25th. Pu Zhiqiang, a human rights lawyer known for defending the dissident artist Ai Weiwei and members of the New Citizens Movement, was arrested 6 May on a charge of “causing trouble.”China is ranked 175th out of 180 countries in the 2014 Reporters Without Borders press freedom index. ChinaAsia – Pacific News May 9, 2014 – Updated on January 20, 2016 RWB appalled by Chinese journalist’s forced confession on TV RSF_en Receive email alerts Organisation News News Follow the news on Chinacenter_img China’s Cyber ​​Censorship Figures June 2, 2021 Find out more News Help by sharing this information Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes ChinaAsia – Pacific China: Political commentator sentenced to eight months in prison April 27, 2021 Find out more March 12, 2021 Find out morelast_img read more

Robert Worth detained

first_img Help by sharing this information March 25, 2011 – Updated on January 20, 2016 Robert Worth detained News New York Times reporter Robert Worth was detained on arrival at Sanaa international airport for about 12 hours and then put on a flight to Dubai. He had had come to cover the anti-government demonstrations that have been rocking the country since mid-February. center_img RSF_en Organisation last_img

After Long Night, Senate Passes Tax Reform

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago After Long Night, Senate Passes Tax Reform November 30, 2017 1,535 Views After hours of discussion on the Senate floor, early Saturday morning the United States Senate secured the 50 votes needed to pass its tax bill. The vote was a close 51-49.Earlier this week, the Tax reform bill passed a major procedural hurdle on Tuesday afternoon, when the Senate Budget Committee approved the bill for a full floor vote.Around midday on Friday, Majority Leader Sen. Mitch McConnell (R-Kentucky) announced that “we have the votes,” setting the field for the vote later that day. This followed heated negotiations to try and sway several holdouts, including Sen. Susan Collins (R-Maine), Sen. Jeff Flake (R-Arizona), Steve Daines (R-Montana), and Ron Johnson (R-Wisconsin).Several changes added to the bill as it raced toward the finish line. As reported by Axios, they include “keeping the alternative minimum tax for corporations, increasing the pass-through deduction, allowing up to $10,000 in property tax deductions and increasing repatriation rates compared to an earlier version of the bill.”In addition, the Senate bill has more individual tax brackets at seven compared to the House’s four. The Senate bill merely seeks to change the estate tax, as opposed to the House bill that proposes to eliminate it entirely by 2024.The House will now vote on Monday at 6 p.m. EST about going to conference with the Senate. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img  Print This Post Senate tax bill Tax Reform U.S. Senate 2017-11-30 David Wharton Tagged with: Senate tax bill Tax Reform U.S. Senate Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / After Long Night, Senate Passes Tax Reform The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Tackling Today’s Top Legal and Servicing Challenges Next: Trump Nominates Goodfriend for Fed Board Sign up for DS News Daily in Daily Dose, Featured, Government, Journal, News Subscribelast_img read more

Foreclosure Starts Continue to Dwindle

first_img Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Foreclosure Starts Continue to Dwindle  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago February 10, 2018 2,420 Views Existing home sales declined slightly in January 2018, according to the LegalShield Law Index, a collection of five indices tracking multiple key economic indicators published monthly by LegalShield, an online membership-based provider of legal services. Meanwhile, LegalShield reports foreclosure starts continuing to decrease.Each monthly LegalShield Law Index tracks factors such as housing starts, foreclosure starts, and consumer confidence, compiling indices based on LegalShield’s proprietary data culled from their client base. According to LegalShield, “The LegalShield Law Index is based on data collected through LegalShield’s provider law firms in all 50 states … [and] based on intakes for more than 1.6 million memberships (including individuals and small businesses), providing a window into the experiences of families and businesses across the country at any given point in time.”After a surge in November, LegalShield’s latest Real Estate Index dropped by 0.2 points in January 2018, settling in at 100.3 (the baseline of 100 corresponds to numbers from January 2002). This is 2.7 percent below the January 2017 numbers. This can be compared to the December 2017 data on existing-home sales from the National Association of Realtors, which showed a 3.6 percent slip in December 2017. “Overall, demand for homes remains robust, but housing inventories have declined for thirty-one consecutive months, causing prices for existing homes to rise nearly 6 percent compared to a year ago,” reports the Real Estate Index. “In spite of headwinds, 2017 was the best year for home sales in over a decade, with sales finishing the year up 1.1%. However, recent changes to the tax code may marginally discourage homeownership in the coming year, which could lead to slower home sales.”The LegalShield Housing Activity Index, which tracks housing starts, increased 1.8 points to 111.5, after having remained relatively flat for the past six months. “While we don’t anticipate a huge rebound in housing construction activity in the near-term, there are signs that homebuilders are starting to overcome some of the headwinds they faced last year,” said James Rosseau, LegalShield’s Chief Commercial Officer. “The housing sector will be a key wildcard to watch for the U.S. economy in 2018.”On the foreclosure front, the LegalShield Foreclosure Index dropped by 5.6 points to 59.9 in January, which put it nearly 20 percent below levels from January 2017. The Foreclosure Index continued to follow the same general trend lines as the MBA’s quarterly National Delinquency Survey, maintaining historically low foreclosure rates. The Foreclosure Index says “a recent surge in long-term interest rates has driven mortgage rates to their highest levels since 2014, which could lead to increased financial stress for homeowners with an adjustable-rate mortgage. For the time being, however, foreclosures are likely to remain muted, as the LegalShield Foreclosure Index—which is calibrated to provide an early warning signal to the market of an impending rise in foreclosure activity—points to minimal foreclosure activity in the next 2-3 months.” Existing Home Sales Foreclosures Housing Starts LegalShield LegalShield Law Index 2018-02-10 David Wharton The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Existing Home Sales Foreclosures Housing Starts LegalShield LegalShield Law Index Previous: The Week Ahead: Treasury Budget Forecasts Potential Rate Changes Next: Collingwood Webinar Breaks Down 2018 Mortgage Trends The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Headlines, Journal, News Foreclosure Starts Continue to Dwindle Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Subscribelast_img read more

New England Patriots receiver lauded for flagging possible school shooting threat on Instagram

first_imgABC News(BOSTON) — The New England Patriots’ Julian Edelman, known for his quick feet on the turf, is now being praised for his quick thinking off the field, which may have thwarted another school shooting.In March, an Instagram user notified the NFL wide receiver of a comment posted to Edelman’s Instagram account, threatening to shoot up a school.“Dude,” the Instagram user said. “There is a kid in your comment section says he [is] going to shoot up a school, I think you should alert the authority.” Edelman immediately reached out to his assistant in Boston, who reportedly pored over comments in search of the post. She eventually found it. The post said: “I’m going to shoot my school up watch the news.”According to The New York Times, Edelman said he was moved to do something in the wake of the Parkland school shooting in Florida.“With the emotions of what happened, and I have a kid now, I said, ‘Holy Toledo, what is going on?’” he told the Times.His assistant then reached out to the police in Boston. “Boston PD reached out to our department. Our on-duty supervisors immediately started looking into the information that was provided,” said Capt. Joe Platzer of the Port Huron Police Department in Michigan. “We take these threats very seriously. We look into them very thoroughly. Like we tell everybody, if you see something, if you hear something, say something.” According to Platzer, police traced the message back to a 14-year-old boy in Port Huron, Michigan. He said the teen was brought in for questioning and admitted to writing the threat.Police also said they found two rifles in the teen’s home that belonged to his mother.The teen, whom police have not identified, was arrested and charged with making a false report of a threat of terrorism, which is a four-year felony in the state.According to Platzer, Port Huron detectives spoke to Edelman and credited him with bringing the threat forward. Without Edelman’s reaction to the alarming social media post, police said, it’s likely they would not have known about the threat.According to authorities, 79 percent of mass casualty attacks last year came with warning signs that were either missed or ignored. Copyright © 2018, ABC Radio. All rights reserved.last_img read more