New Goa airport to handle 30 mn passengers: CM

first_imgGoa’s second international airport, the upcoming greenfield airport at Mopa plateau in the north, once completed, will have the potential to annually handle 30 million passengers, Chief Minister Manohar Parrikar told the State legislative assembly on Thursday. In a written reply to a question by Bharatiya Janata Party MLA Nilesh Cabral, Mr. Parrikar said the estimated cost of the first phase of the project is ₹1,900 crore. “The Mopa Airport is being constructed in four phases with an annual passenger capacity of 4.4 million in Phase I, 5.8 million Phase II, 9.4 million in Phase III and 13.1 million in Phase IV … Phase I is expected to start by September 2020,” he added. As per the concession agreement between the State government and GMR Goa International Airport Limited, the Mopa airport will be developed as a passenger and a cargo hub.Mr. Parrikar said that the Dabolim International Airport, which is under naval jurisdiction will continue handling civilian operations even after the commissioning of Mopa Airport.last_img read more

Ben Stokes fails to deliver again for Canterbury

first_imgBen Stokes doesn’t appear to be in the kind of form that could save the Ashes for England, given the star all-rounder’s latest lean performance for Canterbury province in New Zealand’s domestic limited-overs cricket championship.Stokes, who is under police investigation over an alleged assault outside a Bristol nightclub in September, scored 34 and took a catch but failed to take a wicket in seven overs as Canterbury lost by seven wickets to Auckland at Eden Park on Wednesday.Along with the other Canterbury bowlers, Stokes’ figures were bruised by New Zealand batsman Colin Munro, who made an unbeaten 174 from 118 balls.Stokes’ performance was at least an improvement on his Canterbury debut last weekend when he scored only two runs in a six-ball innings and went wicketless in nine overs in a loss to Otago.The New Zealand-born allrounder has been suspended from playing for England while police investigate his role in the September 25 incident in Bristol which followed a limited-overs international against the West Indies. Avon and Somerset police have completed their investigation and are seeking advice from prosecutors on whether or not charges should be laid.While the 27-year-old Stokes has said he is in New Zealand to visit his parents, who live in Christchurch, he could quickly rejoin the England team if he is not charged or if there is any delay in a charging decision.The England Cricket Board has said Stokes will remain suspended pending the police investigation.England has lost the first two Tests to Australia in Brisbane and Adelaide and is likely to be more eager to recall Stokes if circumstances make it possible. The five-match Ashes series continues in Perth from December 14.advertisementlast_img read more

Jim Harbaugh Says 10 Freshmen Will Be In Michigan’s Two-Deep

first_imgHead coach Jim Harbaugh of the Michigan Wolverines talks with quarterback Wilton Speight #3.IOWA CITY, IOWA- NOVEMBER 12: Head coach Jim Harbaugh of the Michigan Wolverines talks with quarterback Wilton Speight #3 during the first quarter against the Iowa Hawkeyes on November 12, 2016 at Kinnick Stadium in Iowa City, Iowa. (Photo by Matthew Holst/Getty Images)Michigan head coach Jim Harbaugh isn’t disqualifying rookies from making this season’s two-deep.Speaking this morning on his Inside Michigan Football television show, Jim Harbaugh claimed that he can think of at least 10 freshmen who will have a spot in the team’s two-deep depth chart. And that’s not just as reserves for older players. Harbaugh said some of those players will play in their first Michigan football game as starters.Nick Baumgardner of MLive.com shared the statement on Twitter:Jim Harbaugh on his TV show: 10 freshmen have shown they’ll be in the two-deep as a starter or a backup.— Nick Baumgardner (@nickbaumgardner) August 28, 2016Michigan hasn’t published a two-deep at this time. However, it’s likely a depth chart will appear within the week, as several teams have already released their starting squads.Harbaugh didn’t provide any specific names for which freshman qualify for the two-deep on Sunday’s television show. However, reports from Michigan’s fall camp make it relatively easy to determine which freshman might snag those spots.Specifically, according to Baumgardner, there have been 10 standouts from fall camp: defensive end Rashan Gary, left tackle Ben Bredeson, guard/DT Michael Onwenu, wide receiver Nate Johnson, wide receiver Eddie McDoom, wide receiver Kekoa Crawford, safety Khaleke Hudson, corners David Long and Lavert Hill, running back/receiver Chris Evans and kicker Quinn Nordin.Michigan opens its season Sep. 3 against Hawaii.last_img read more

Keanu Reeves On Why He Acts I Dont Have Anything Better to

first_imgAdvertisement In an interview with Esquire UK, The Lake House star Keanu Reeves opened up about what it’s like to be Keanu Reeves in 2017. He focused on life lessons learned when discussing his past failures (The Day the Earth Stood Still taught him that actors are “always fighting for a career”), mourned lost friends (he still misses friend and My Own Private Idaho costar River Phoenix “dearly”), discussed the possibility of having children (“I’m 52. I’m not going to have any kids.”), and responded to compliments about how “nice” he is by saying, in perfect Keanuian, “I’m just a normal guy, man.”But my favorite thing about this interview, the part that reminded me of a conversation with a content 82-year-old retired person who still volunteers and/or has a part-time job, is when he gets into why he does what he does for a living. When asked if he enjoys preparing for a new role, Reeves said: Advertisement Twitter LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Login/Register With:last_img read more

Facebook to offer more info on posts after fake news and data

first_imgMENLO PARK, Calif. – Facebook is launching a new feature in Canada that allows users to get more information on who is behind articles and content on the platform.The U.S.-based social media giant says the company is rolling out a button on news feeds that will help Canadian users evaluate the credibility of an article and determine whether to trust the article’s source.When pressed, the button will lead to the poster’s Wikipedia entry, related articles on the same topic and information about how many times the article has been shared on Facebook and where it is has been shared.The button will also provide other content published on the platform by the poster, show users which of their friends shared the post and state how old the domain behind the post is.The launch of the features comes as Facebook has struggled to stop the spread of fake news and deal with the consequences of admitting earlier in the year that the data of up to 50 million Facebook users may have been misused by analytics firm Cambridge Analytica to target voters in the 2016 U.S. election with political advertisements.last_img read more

Indigenous complaints about pipeline builder to be probed by government police

first_imgThe RCMP also said it has received complaints from both the Office of the Wet’suwet’en and Coastal GasLink regarding traplines and the removal of personal property items.“We are following up on all complaints and continue to facilitate ongoing and direct dialogue between all parties regarding various issues,” the RCMP said.Coastal GasLink is working to build a natural gas pipeline from northeastern British Columbia to LNG’s export facility on the coast as part of a $40-billion project.Members of the Gidimt’en clan of the Wet’suwet’en First Nation issued a statement Monday saying the company “wilfully, illegally, and violently destroyed” its property this weekend, while the company said its actions have been permitted and lawful.Jen Wickham, a member of the Gidimt’en clan within the nation, said Coastal GasLink bulldozed three tents constructed with timber and canvas in an area along a logging road not included in the company’s plans.“CGL workers just tore down all our stuff, threw them in (shipping containers) and said we had until the end of the day to pick them up or they would be thrown in the dump,” she said. “These areas are active work zones that are lawful and permitted. Any obstruction impeding our crews from safely accessing these work zones is in contravention of a court order,” Coastal GasLink said.On Friday, Coastal GasLink said it stopped work in an area closer to its planned work site because traplines had been placed inside construction boundaries and people were entering the site, raising safety concerns.Jason Slade, a supporter with the nearby Unist’ot’en camp run by Wet’suwet’en members, said Monday that work only halted temporarily and the traplines had been destroyed. He said excavation had begun at the site of a planned “man camp.”The Unist’ot’en allege the actions violate the Wildlife Act by interfering with lawful trapping, as well as an agreement that the Wet’suwet’en hereditary clan chiefs had reached with RCMP allowing the company access to the area and ensuring traditional practices like trapping could continue.The clan also alleges it is violating its permits with the B.C. Oil and Gas Commission and Environmental Assessment Office by beginning construction work before an archaeological impact assessment has been complete.In a letter to the commission on Friday, Chief Knedebeas of the Unist’ot’en Clan points to an affidavit filed by a company official in November as part of its court injunction application, saying the assessment is scheduled for May.Knedebeas asks in the letter that a stop-work order be issued immediately while the allegations are investigated. VICTORIA, B.C. – The British Columbia government says it will inspect the site of a planned natural gas pipeline southwest of Houston following allegations that the company building the project is violating its permits.Members of the Wet’suwet’en First Nation and supporters have alleged that Coastal GasLink is engaging in construction activity without an archaeological impact assessment and also destroyed traplines and tents unnecessarily.The Ministry of Energy, Mines, and Petroleum Resources says in a statement that joint site inspection will be conducted by the province’s Environmental Assessment Office and the B.C. Oil and Gas Commission next week.“We anticipate that it will take some time subsequently to determine whether any non-compliances are evident and, if so, the appropriate enforcement action,” the ministry said.center_img The tents were constructed when members erected a barrier at the same location, where RCMP enforced a court injunction on Jan. 7 and arrested 14 people in a move that sparked protests across Canada and internationally.Wickham said members of the First Nation told RCMP they wanted the tents to remain to host cultural workshops.Following the enforcement of the court injunction, a road was plowed around the tents allowing free movement of vehicles.Coastal GasLink said in a statement that all work it’s doing is “approved and permitted and in full compliance” with its environmental assessment certificate issued by the province and the company has met all required pre-construction conditions.last_img read more

The 2016 NFL draft class a special one for Ohio State

Former OSU defensive lineman Joey Bosa (97) celebrates after making a sack during a game against Maryland on Oct. 4 in College Park, Md.Credit: Lantern file photoOhio State coach Urban Meyer was all smiles on Friday on the NFL Network’s set for the 2016 NFL draft. Meyer could be seen celebrating every time one of his former players had his name called this weekend. The 2016 OSU draft class is one for the books.Mostly led by underclassmen from Meyer’s first recruiting class, OSU was a metaphorical pipeline for the NFL, producing 12 overall selections through the weekend.Although Joey Bosa was considered by many to be a potential first overall pick as the 2015 season concluded, his draft stock slowly dropped after producing what many deemed to be subpar numbers for a player of his expected caliber at the NFL combine.Even with the criticism, the San Diego Chargers made Bosa the first Buckeye taken in the draft with the third overall pick. His presence of the edge should be immediately felt next season.Ezekiel Elliott was the next OSU product to be selected. The Dallas Cowboys took the former high school track star at No. 4 to bolster a running game that suffered last year after the departure of Demarco Murray. The remainder of the first round saw Eli Apple taken at No. 10 by the Giants, Taylor Decker selected by the Lions at No. 16 and Darron Lee picked up by the Jets with the 20th pick.Five picks in the first round ties the mark set by the 2006 draft class for most players drafted in the first round for OSU. This marks the second time OSU fell just shy of the record of selections in the first round, which is six, set by the University of Miami (Fla.) in 2004. All five of the picks were within the top 20. Two more Buckeyes saw their NFL dreams come true in the second round, as the New Orleans Saints selected both wide receiver Michael Thomas at No. 47 and safety Vonn Bell at No. 61.Thomas was a favorite of the Saints coaching staff and provides a solid target for veteran quarterback Drew Brees.Bell was also sought after by Saints coach Sean Payton but was not expected to fall into the second round. Multiple mock drafts saw Bell being a late first-round selection.Both Thomas and Bell join former Buckeye linebacker James Laurinaitis, who was signed as a free agent this offseason by New Orleans. Three more former OSU starters found new homes in the third round, highlighted by Braxton Miller to the Houston Texans. The Texans had previously selected former Notre Dame standout receiver Will Fuller. Both athletes are known for breakaway speed and stellar athleticism.Adolphus Washington became a member of the Buffalo Bills, and Nick Vannett will be playing at CenturyLink Field next season with the Seattle Seahawks. The final two selections for the Scarlet and Gray went on opposite ends of the fourth round, as linebacker Joshua Perry became the fourth pick of the the fourth round, and quarterback Cardale Jones was the last player drafted in the fourth. Perry joins his Bosa in San Diego. It came as a surprise to no one, as Bosa appeared on camera in California to announce the 102nd pick. The crowd roared as the two members of Meyer’s “Silver Bullets” were reunited.Jones was the final Buckeye selected in the 2016 NFL draft but found a good fit with the Buffalo Bills. Bills coach Rex Ryan likes athletic quarterbacks who can push the ball downfield, and Jones fits the bill.Two notable former OSU players, H-back Jalin Marshall and safety Tyvis Powell, did not hear their names called over the course of the three-day festivities. However, Marshall was picked up after the draft by the New York Jets as an undrafted free agent, along with former offensive lineman Chase Farris, who signed with the Detroit Lions. Powell, according to the Columbus Dispatch’s Bill Rabinowitz, will sign as an undrafted free agent with the Seattle Seahawks. The 12 players mark a new record for the NFL draft for most players from one program selected through four rounds.Editor’s Note: This post has been updated to update where Tyvis Powell signed as an undrafted free agent. read more

Football Ohio State names 2017 team captains

OSU redshirt senior quarterback J.T. Barrett (16) scans the field after a snap during the 2017 Spring Game at Ohio Stadium on April 15, 2017. Credit: Mason Swires | Former Assistant Photo EditorNine Ohio State football players, including redshirt senior quarterback J.T. Barrett, the first three-time captain in program history, were named team captains Monday evening.The players, which include five defensive players and four players on offense, were voted captains by their teammates.Redshirt senior center Billy Price and redshirt senior defensive end Tyquan Lewis join Barrett as multi-year captains. Only 10 players in Ohio State football history have been named team captain more than once.Three underclassmen — redshirt junior defensive end Sam Hubbard and redshirt junior receivers Terry McLaurin and Parris Campbell — and three other upperclassmen — senior defensive end Jalyn Holmes, redshirt senior defensive tackle Tracy Sprinkle and redshirt senior linebacker Chris Worley — were also named team captains. read more

Mens Volleyball No 1 Ohio State drops first match of the season

Junior outside hitter Nicolas Szerszen spikes the ball during the NCAA national championship game on Saturday. Credit: Sheridan Hendrix | Oller ReporterIt took five sets, but the No. 6 BYU men’s volleyball team (3-1) upset No. 1 Ohio State (2-1) 3-2 Saturday night at St. John Arena in front of 2,237 spectators. The first set of the early-season rematch between the two teams in the past two NCAA championship games foreshadowed what proved to be a competitive match. The Cougars had an impeccable set for serving, committing only two service errors. Despite powerful jump-serves drilled by the Cougars, the Buckeyes were able to get the ball up and to setter Sanil Thomas, who was then able to work in-system plays.Consistent, quick and powerful attacks from senior outside hitters Nicolas Szerszen and Maxime Hervoir and redshirt senior opposite Jake Hanes put the ball to the wood and started the Buckeyes off with a win in the opening set 25-21.Despite losing the first set, the Cougars came onto the floor hungry for the second set. The Buckeyes won the first point after a kill from Hervoir, but the Cougars managed to side-out and take the lead and run with it for the entire set as communication diminished on Ohio State’s side of the net. BYU’s defense improved significantly in the second set, lowering Ohio State’s hitting percentage from .750 in the first set to .300. The Cougars claimed the set 25-21. In the third set, the Cougars maintained their momentum, shutting down Ohio State’s offense with three blocks and 13 digs. Ohio State’s hitting percentage dropped further to .258 and the home team was unable to overtake the Cougars, losing 25-20. Ohio State won the first point of the fourth set after a right-side kill by Szerszen and kept swinging hard throughout the set, eventually adding a second set 25-21. Thomas assisted on 15 of the Buckeyes’ 18 kills.At the beginning of the fifth set, the game remained largely up for grabs. BYU pulled away after a 5-5 tie and ended the fifth set 15-8, winning the match 3-2.Cougar outside hitter Gabi Garcia Fernandez scored 24.5 points in the match — the most for both teams. BYU setter Leo Durkin assisted on 42 of the Cougars’ 53 kills. Outside hitter Brenden Sander contributed 15 of BYU’s match points.Hervoir had 20 kills for the Buckeyes, the most kills in the match by a player for both teams. Thomas topped both teams in assists with a total of 55, and Szerszen tied second for kills in the match with Cougar player Garcia Fernandez with 19 kills. read more

Mens Hockey No 7 Ohio State to play Michigan State in final

Ohio State redshirt junior defender Wyatt Ege eyes a shot on goal during the first period of Ohio State’s hockey game vs. Minnesota on Feb. 15. Ohio State lost 4-3. Credit: Nick Hudak | For The LanternRight after winning the Big Ten regular season, the No. 7 Ohio State men’s hockey team (19-8-5, 12-6-4 Big Ten) will play its final regular season game when it hosts Michigan State (11-16-5, 7-11-4 Big Ten) this weekend.Ohio State has once again dropped in the USCHO polls, this time falling from No. 6 to No. 7. Michigan State, meanwhile, remains unranked in the USCHO polls, but has been consistently ranked last in the Big Ten.The Buckeyes went from a seven-game winning streak to hitting a bump in the season recently, having lost three straight games followed by a tie. The tie in the record books was an overtime win against Michigan in the Big Ten standings, giving Ohio State enough points to clinch the conference regular season title.Michigan State has also had a rough patch recently, having won only one of its past five games.Senior defenseman Sasha Larocque believes Ohio State is taking its recent Big Ten regular season win and turning that into positive momentum going into the weekend.“You play some great teams, you play good games and it doesn’t always go your way,” Larocque said. “To win something like [the Big Ten regular season title] the way we did, it is definitely good and should help morale and help us push through.”While the Buckeyes lead the Spartans in offense, defense and win percentage, Michigan State has a higher power play percentage, ranking No. 8 nationally with a 23.89 percent success rate.Head coach Steve Rohlik said Ohio State will need to avoid the penalty box in order to counter the Spartans’ major strength.“We’re going to have to be at our best,” Rohlik said. “We certainly have to be more disciplined than we were this weekend as far as penalties go. The best way to kill their power plays is to stay out of the box.”Michigan State is led by junior forward Taro Hirose, who currently leads the nation with 35 assists and 50 points overall this season. While Hirose is a major contributor, Rohlik believes the entire Michigan State offense is what the Buckeyes should really worry about. “We can’t just try to stop him,” Rohlik said. “That whole line: People forget how good they are. They work extremely hard.” Senior forward Mason Jobst agrees with Rohlik’s sentiment.“They have some very high-end, skilled guys,” Jobst said. “That top line is as good as any other line in the entire country so when it comes to shutting those guys down it’s very important; they’re very good.”No. 7 Ohio State takes on Michigan State for its final regular season games of the season this weekend at the Schottenstein Center. The games begin at 6:30 p.m. Friday and 5 p.m. Saturday. read more

Turks and Caicos Islanders will lead new Invest TCI board

first_img Beautiful girls on Beautiful beaches, Turks and Caicos scores with Sports Illustrated Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 17 Apr 2015 – The Invest TCI board leaders have been approved at Cabinet and are just about ready to get going; this revised version of the country’s investment agency replaces the dismantled TC Invest. Not only are two Turks and Caicos Islanders named to this vital unit, but we learn that the National Insurance Board Chairman, Colin Heartwell, will get early leave to act as consultant to Invest TCI. Finance Minister, Washington Misick is quoted in the press release issued late today as saying: “Our economy can only benefit by having an expert team working to bring together the needs of business and government in a more co-ordinated and coherent manner.” A banker and an attorney were approved by Cabinet for the inward investment agency chairs; they are Anton Faessler as Chairman and Tremaine Swann-Harvey as his Deputy. BWI Consultancy, which is owned by permanent resident, Colin Heartwell, reportedly won the opportunity to be consultant to the agency after a procurement process. TCIG shared: the TCI Government issued open tenders for consultancies for the TCIG Business Reform Strategy. One consultancy was for a Programme Director to lead the Business Reform Strategy initiative and the other consultancy was for an Investment Promotion Expert to assist the Board to develop institutional capacity; to strengthen and support investment promotion and economic development and; develop practical tools for the planning and managing of investments. Interested Bidders were invited to apply for one or other of the consultancies. Two tenders from within the TCI were received. Next is to appoint the remaining members of the Invest TCI board; it is said Turks and Caicos Islanders will be able to apply for those posts. Facebook Twitter Google+LinkedInPinterestWhatsApp Bench warrants issued for TCI insurance defaulters Invest Turks and Caicos Hosts Enhancing National Competitiveness Conference Related Items:anton FAESSLER, invest tci, national insurance board, TREMMAINE SWANN HARVEY, turks and caicos islanderlast_img read more

Former US Attorney Charles LaBella on the Hunter investigation

first_img Categories: Local San Diego News, Politics FacebookTwitter August 27, 2018 Posted: August 27, 2018 Steve Bosh 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Congressman Duncan D. Hunter has vowed to fight the criminal indictment charging he and his wife with violating campaign laws.What will be his defense at trial?Former US Attorney Charles LaBella spent 24 years in the Department of Justice, he says some key issues for the defense include the timing of the indictment, what campaign funds are personal, what are political, and is the US Attorney’s Office guilty of a conflict of interest.The timing is politically suspect. It’s often difficult to determine which funds are personal, which are political, and the case may be turned over to another US Attorney’s Office because of a potential conflict of interest after three prosecutors attended a Hillary Clinton fundraiser while pushing the investigation.KUSI’s Steve Bosh has the details: Former US Attorney Charles LaBella on the Hunter investigation Steve Bosh, last_img read more

Twitter Seeking to Hire Tweeter in Chief to Run Its Main Account

first_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Hackers Take Over Account of Twitter CEO Jack Dorsey, Tweet Racial Slurs & Bomb Threat Popular on Variety The company is pretty flexible about where the Tweeter in Chief may be located, listing the location as “San Francisco, New York or any office in the U.S.”The new role will report to the director of social and editorial — another newly created position Twitter is looking to fill — who will set strategy and manage day-to-day content operations. The director of social and editorial, to be based in San Francisco, will report to Oliver Snoddy, Twitter’s global head of brand and social.“Twitter isn’t like other brands. We’re not Netflix or Burger King or Wendy’s, who are all amazing brand voices on our platform,” the company says in one version of the job listing for the Tweeter in Chief. “We have our own distinct story to tell, but we’re also host to the most amazing conversations in the world. And if we want Twitter to be where the world comes to talk, it’s crucial that we set the best example.”Part of the job entails promoting Twitter’s new features, like its recently introduced ability for users to retweet with GIFs. But more broadly, the role encompasses crafting or retweeting clever, timely observations about using Twitter (as in this post) and engaging with users. Twitter is looking for a “master in the art of Twitter” to be its “Tweeter in Chief” — someone who will be in charge of how the social network portrays itself on its own platform.“You’ll set the tone of who we are and how we act, and tell our unique story every single day. No big deal,” according to a job listing posted earlier this month, which was reported previously by CNBC.In addition to composing the tweets for @Twitter, which currently has more than 56 million followers, the Tweeter in Chief is responsible for setting the editorial direction and leading the company’s community managers. To date, the main @Twitter handle has been managed by a team of staffers in the company’s marketing and communications group.As far as requirements, the company says the Tweeter in Chief must be “extremely plugged into Twitter culture, stan culture, and culture in general” and have a proven track record of leading the “voice/social copywriting for influential brands, with a particular emphasis on Twitter.” The ideal candidate also will “love Twitter” and is “passionate about our purpose and story.” Related Sacha Baron Cohen Says Trump Wouldn’t Be President Without Twitterlast_img read more

Analytics Expert Discusses QM Manufacturing Risk

first_img in Data, Origination, Secondary Market, Uncategorized Although the new qualified mortgage (QM) rules are expected to bring stability to loan manufacturing, the many nuances of compliance have resulted in doubling the cost of loan origination. This assessment was offered by Tom Showalter, chief analytics officer at “”Digital Risk””:http://www.digitalrisk.com/, the nation’s largest independent provider of risk, compliance, and transaction management solutions. [IMAGE]A major part of the increased cost is attributable to a new kind of risk involved in the process, which Showalter calls “”manufacturing risk.”” During “”an interview””:http://www.blogtalkradio.com/capitalmarketstoday/2014/02/05/bifurcation-of-the-mortgage-origination-business–showalter-cao–digital-risk with Louis Amaya on _Mortgage Markets Today_, Showalter explained that “”manufacturing risk”” consists of a corrupted or misrepresented key data element in the loan process. “”There are several areas that could be corrupted or stated incorrectly,”” he said, “”including the borrower’s income, debt-to-income (DTI) ratio, and loan-to-value (LTV) comparison, which are all key elements in assessing credit risk.”” Showalter explained that QM has one particular information element that is very crucial: the ability to repay, which is determined by the DTI. A potential borrower with a DTI greater than 43 percent is considered to be unacceptable. To ensure that the loans they purchase are sound loans, the GSEs are now publishing a list of defects standards. “”There is a target defects rate for a lender’s population, and lenders have to be below that defect rate or Fannie will not buy their loans,”” Showalter said. “”Freddie is issuing similar guidelines.””In addition, Showalter said that not only are the GSEs issuing defects standards for their sellers, they are also issuing what they call governance guidelines. “”This is a new twist,”” he explained. “”Not only are the GSEs interested in the defect rate of a population of loans, they are also interested in how well the lender is organized to manage and control a specific defect rate. This means that the GSEs are not only holding the head of the QC team accountable, they are actually going all the way up to the CEO and holding him or her accountable as well,”” he said. As a result, there will be an application of penalties, fines, and other kinds of retribution should the GSEs feel that a particular lender is not following the program. To determine whether information is accurate or not, in the past, GSEs would review maybe 1 to 2 percent of the loans they received each month. “”So, you have this process where 2 percent of the loans were subject to a manual review by experts and 98 percent of the loans were not reviewed at all, and that is the current process,”” Showalter said.[COLUMN_BREAK]In order to achieve a higher rate of accuracy in defect detection, he said, “”That’s going to eventually prompt the industry to go from its current manual methods to something much higher tech that produces more efficient results without having to crack a loan file every time a defect rate needs to be calculated, “” he continued. He said that lender communities, especially the larger ones, are starting to explore such technology that will detect manufacturing defects, enabling them to take a more efficient look at a broader population of loans.Among smaller and mid-sized lenders that do not have the financial ability to purchase such technology, he said there are two trends emerging. “”One is that some are also seeking less expensive tools that will help augment their process in surveying loans electronically and therefore not expend as much labor in the process of analyzing and meeting a defect rate goal,”” he explained. “”Others are thinking about issuing non-QM qualified mortgages and selling them on the private market, therefore avoiding any dealings with the GSEs,”” he continued. However, he noted that at the present time, this segment is waiting and watching to see what may happen to the private label market. Showalter said he thinks a coming trend will be that small lenders may rely on larger ones who have invested millions in the creation of infrastructure capable of managing the new and more stringent loan requirements. “”I honestly think that the loan manufacturing requirements placed on the industry is far more than most lenders will be able to respond to quickly, especially the smaller or mid-sized ones,”” he concluded.Showalter’s forecast for 2014: “”I think you will see bigger lenders buying up smaller ones so that they can increase their market share and spread the expenses for compliance across more loans. Another reason for acquisition and consolidation is that the mortgage loan volume is not particularly high right now, and as long as it’s in the doldrums, there will be a lot of pressure to consolidate.”” He also believes that although housing prices have gone up a little and interest rates are still stable, median income and the labor participation rate continues to go down. “”This means there are fewer well-employed people who are able to qualify and buy a home,”” he explained. “”In addition, most origination now is going to be on a purchase money basis as opposed to a refinance basis, which brought in a lot of borrowers in the past several years. Now mortgage lenders are looking for purchase money candidates, and let’s face it, the number of fish in that pond is just not what it used to be.””_This year’s attendance at the Five Star Government Forum on March 25, 2014, is more critical than ever. Leaders of the Housing and Mortgage Servicing industry will engage government officials and regulators in meaningful discussion on housing and mortgage policy. This show was brought to you by “”Iserve Companies””:http://www.iservecompanies.com/. Please connect to us via Facebook, Twitter, LinkedIn, and at 5starradio.com as well as theMReport.com._ February 17, 2014 481 Views Analytics Expert Discusses QM, ‘Manufacturing Risk’center_img Share Agents & Brokers Attorneys & Title Companies Fannie Mae Freddie Mac Investors Lenders & Servicers Qualified Mortgage Service Providers 2014-02-17 Sandra Lanelast_img read more

Seattle Seahawks free safety Earl Thomas tackles A

first_imgSeattle Seahawks free safety Earl Thomas tackles Arizona Cardinals running back Andre Ellington (38) during the second half of an NFL football game, Sunday, Nov. 15, 2015, in Seattle. (AP Photo/Elaine Thompson) Running back Andre Ellington, defensive end Frostee Rucker and cornerback Jerraud Powers have all been ruled out for the Arizona Cardinals matchup with the St. Louis Rams Sunday, according to head coach Bruce Arians. Arians: Andre Ellington, Frostee Rucker, and Jerraud Powers are out Sunday. #AZvsSTL— Arizona Cardinals (@AZCardinals) December 4, 2015Ellington, who hasn’t practiced all week with a toe injury from the Cardinals’ win against San Francisco 49ers, has 247 rushing yards and three touchdowns. Top Stories Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelocenter_img Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling “He’s over in California getting worked on, so we’ll wait and see,” Arians said in his Friday press conference when asked about an outlook on his injury. It was reported earlier this week that the Cardinals were trying to connect him with a Los Angeles foot specialist.Powers, with 42 tackles, one sack and one interception this season, has been sidelined with a calf injury this week. Rucker has 24 tackles on the season, adding  two sacks and one forced fumble. He has been out with an ankle injury he sustained against the Cincinnati Bengals in Week 11.Arians added Cory Redding is getting better and will be listed as questionable for the game.last_img read more

Carson Palmer drops back for a pass in the Arizona

first_imgCarson Palmer drops back for a pass in the Arizona Cardinals’ 23-20 win against the San Francisco 49ers on Sunday, Nov. 13, 2016. (Associated Press) TEMPE, Ariz. — Among the many people who have been blamed for the Arizona Cardinals’ struggles this season, quarterback Carson Palmer has received more than his fair share.To some degree, it makes sense.The veteran quarterback who produced an MVP-caliber season last year has not come close to replicating the performance that helped guide the Cardinals to the NFC Championship Game and position the team as Super Bowl contenders, and he has given away some crucial turnovers. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires “Coach continues to talk about the Arizona Cardinals beating the Arizona Cardinals, and we can’t continue to let that happen.”The byproduct of the Cardinals beating the Cardinals has been other teams beating up Palmer.In nine games this season (he missed one due to a concussion) this season he has been sacked 30 times, which is five more than he sustained in 16 games last year.For comparison’s sake, Indianapolis’ Andrew Luck, who missed this past Thursday’s game with a concussion, has been sacked 35 times in 10 games, while Cincinnati’s Andy Dalton has been sacked 29 times in 10 games.Not surprisingly, Arians is concerned about the pressure his 36-year-old passer has been under.“Your quarterback gets hit 20 times,” he said. “I don’t care if he’s 25 years old, if he gets hit 25 times during a game, he’s going to get hurt, sooner or later.”Palmer will turn 37 late next month and yet, hit after hit, he has continued to get up and keep fighting. His teammates notice.“Me, it just shows his selflessness,” running back David Johnson said. “It keeps me striving to help him out and keep the pocket clean. It motivates me to keep going even through my bruises and stuff. But if he doesn’t know who is coming or holds onto the ball too long, well, you know what can happen.Unfortunately for the Cardinals, however, there have been multiple times this season where even when Palmer has gotten the pass away, it has hit the turf due to a receiver dropping it or not running the proper route. Both of Palmer’s interceptions against the Vikings — one of which was returned for a touchdown — could be pinned on his wideouts not doing their jobs properly.And if the receivers don’t do what they are supposed to, Palmer is likely to turn the ball over and deal with more hits.“I can only speak for the receivers, and coach (Darryl) Drake talks to us about it all the time, we need to work on our routes better and do certain things so we won’t’ have to put Carson in that predicament,” John Brown said.Fellow receiver Larry Fitzgerald said he did not think there was any extra focus this week in practice based off of what happened in Minnesota, but understood something was off last week.“I think attention to detail in the game wasn’t where it needed to be,” he said. “I don’t know what to attribute to that, I just know we can’t make those type of mistakes. Top Stories center_img For what it’s worth, Palmer said he knows he has been sacked a lot, but that it doesn’t necessarily feel like it. He feels good and is still enjoying the process and work that goes into being an NFL player.So while analysts may be thinking he is about done, be it due to perceived body language or whatever, Palmer was adamant that this season, albeit disappointing up to this point, has not dampened his inner fire.Besides, he still thinks the Cardinals can be a playoff team.“Regardless of what our record is, that doesn’t control how I feel or how I prepare or how I enjoy the game,” he said. “I enjoy the game. Like I said, I cannot wait until Sunday to get past this next step and move on. Regardless of what our wins and losses are, I look forward to the Sundays and look forward to the preparation.”Follow Adam Green on Twitter Derrick Hall satisfied with D-backs’ buying and selling “Yeah, you’re the bum or the hero, depending on a win or a loss,” Palmer said. “That’s the way the game is played. I learned that in I think fifth grade when I started playing quarterback. That was one of the first things the coach taught us.”Was he actually being called a bum in the fifth grade?“Oh no, always,” Palmer said. “Win or loss, there is always finger pointing, and it’s easy to do that. I got broad shoulders. I’m used to it. I need to play better, there is no doubt about that, and I look forward to playing this Sunday and playing better.”There is a reason why quarterbacks get paid the most money, and Palmer is being rewarded handsomely this season, as he is playing under a contract that has a salary cap hit of more than $18 million. Given that in nine games he has completed 61.5 percent of his passes for 2,642 yards with 13 touchdowns and 10 interceptions, it may seem like a lot. Maybe even too much.That’s certainly a subject that can be debated, but when it comes to the amount of blame Palmer is receiving — especially from fans — Cardinals coach Bruce Arians believes the angst is misguided.“Well they’re wrong on that one,” he said. “The quarterback and head coach usually, or the offensive coordinator, since I’m both of them, we’ll take all the blame. It goes with the territory. But, Carson, he put a lot trust in some guys that haven’t come through for him.” 0 Comments   Share   “Him being able to do that shows a lot of grit.”That’s not a bad trait to have in a leader.“That’s the type of person Carson is, he’s tough,” Brown said. “But you know, just seeing him back there getting hit like that, I’m thinking we’ve got to push harder, get to our depth faster so we won’t have to put him in that situation.”A veteran of 14 NFL seasons, Palmer’s career is certainly closer to its end than its beginning. His issues this season, both in his play and with the protection (or lack of) he is receiving, has led some analysts and talking heads to believe that he is “not a championship quarterback,” as NFL.com’s Adam Schein opined, or even looks like “he’s about ready to hang e’m up,” as ESPN’s Mark Dominik said.With the extension Palmer signed during training camp, he is under contract through the 2018 season, and the Cardinals have given little indication they are ready to move on from him. However, like Kurt Warner nearly seven years ago, it would not come as a total shock if Palmer walked away from the game before his contract expired.Given the number of hits he has been taking, could you blame him? During his time with the Cardinals, Palmer has never been one to blame his teammates, and that has not changed this season. When asked about his offensive line, he has admitted it’s challenging with many new and inexperienced players being expected to protect him, yet maintained they can get the job done.And when it comes to his receivers, he has expressed nothing but confidence that they are playing well and will start making big plays.But to Arians’ point, while Palmer may not be playing at the level he did last season, few on the offense are, and it’s tough for a quarterback to look like an MVP when the players surrounding him are struggling.Last week against Minnesota, Palmer was under pressure on 27 of his 42 dropbacks, which amounts to nearly 63 percent. He was sacked just four times, but hit 23 times and dropped to the turf 17.“I felt bad for him,” Cardinals offensive coordinator Harold Goodwin said. Goodwin spends much of his time working with the offensive line.“Just from the standpoint of things that we could have done better in my room, we didn’t do a good job.”Goodwin noted there are times where the protection mandates that a rusher will come free, and to that point, there are times where it is up to Palmer to ensure he does not take a hit on a play. If he identifies the right rusher and gets the ball out of his hands quickly, then he should be fine.last_img read more

Finlands DNA has launched a TV everywhere service

first_imgFinland’s DNA has launched a TV everywhere service on its cable network Welho.The DNA Welho Viihde service enables the use of entertainment services no matter the time, place or terminal device, the company said.The service includes the Videovuokraamo video-on-demand service, MatkaTV mobile television service, an HD DVB set-top box and a TV card.DNA Welho Viihde will be offered nationwide. The TV channels are delivered to the user via DNA’s  cable and terrestrial television networks, and the Viihde service can be supplemented by an ultra-fast DNA Welho fixed broadband connection, up to 350 Mbps.The service will include the MTV Total pay TV service from commercial broadcaster MTV.DNA’s video-on-demand catch-up service Videovuokraamo has also been opened as part of the DNA Welho Viihde package.“We wish to offer our customers the latest entertainment services in terms of both connections and content. Content is no longer tied to time, place or terminal device, and this new service package represents a significant step for us on that path,” says DNA’s Director of Television Business Mikko Saarentaus.The service has been enabled by technology from SeaChange.last_img read more

MAYOR LAUNCHES SANTAS BIG FUNDRAISER APPEAL IN AI

first_img MAYOR LAUNCHES SANTA’S BIG FUNDRAISER APPEAL IN AID OF CHILDREN IN CROSSFIRERICHARD MOORE ShareTweet MAYOR of Derry City and Strabane District Council, Councillor Maolíosa McHugh, today launched the annual ‘Santa’s Big Fundraiser Appeal’ at the Guildhall in aid of local charity Children in Crossfire.From today, Friday, November 24 until December 22, Derry man Martin Gallagher will take part in the month long charity collection vigil at the Guildhall in memory of his son Christopher who died of Malaria in 2006.The public can also donate online at www.justgiving.com/santasbigfundraiserappeal2017 or via text by sending SBFA71 £5 to 70070.Children In Crossfire was founded by Richard Moore.As a 10-year-old boy, he was shot by a British soldier with a rubber bullet and blinded for life in 1972 ago in the Creggan area of the city.center_img MAYOR LAUNCHES SANTA’S BIG FUNDRAISER APPEAL IN AID OF CHILDREN IN CROSSFIRE was last modified: November 24th, 2017 by John2John2 Tags:last_img read more

The selloffs extended to platinum and palladium a

first_img The sell-offs extended to platinum and palladium as well, but were far more subdued—and as I mentioned in The Wrap in yesterday’s column, it was probably a sympathy move rather than direct intervention.  Platinum finished the Thursday session down 1.28 percent—and palladium finished unchanged.  Here are the charts. Today we get the latest Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, December 17.  Both Ted and I are expecting improvements in the Commercial net short positions of both gold and silver.  It’s just too bad that the price/volume activity from both Wednesday and Thursday won’t be included. Here are the one-year charts for all four precious metals, so you can see where we stand now that we are at, or almost at, the bottom of the price barrel for the second time this year, the last being in late June. The silver stocks gapped down—and stayed down.  Nick Laird’s Intraday Silver Sentiment Index closed down 2.04%. The CME’s Daily Delivery Report showed that 210 gold and 11 silver contracts were posted for delivery on Monday within the Comex-approved depositories.  It was Goldman Sachs as the big short/issuer with 130 contracts, followed in distant second by Canada’s Scotiabank with 52 contracts.  JPMorgan Chase as the only long/stopper of note picked up another 204 contracts in its in-house [proprietary] trading account.  The silver contracts were split up between JPM and Scotiabank. The link to yesterday’s Issuers and Stoppers Report is here. Gold continues to exit GLD.  Yesterday an authorized participant withdrew 125,388 troy ounces.  And as of 8:25 p.m. yesterday evening, there were no reported changes in SLV. The U.S. Mint had a sales report yesterday, if you wish to dignify it with that name, as they only sold 3,000 troy ounces of gold eagles—and that was all. It was a very busy day over at the Comex-approved depositories in gold on Wednesday, as they reported receiving 128,504 troy ounces—and shipped 125,224 troy ounces out the door.  Just eye-balling the numbers, it appears that every one of the 125,224 ounces shipped out [from two different warehouses] ended up in JPMorgan’s vault.  This is obviously JPMorgan taking physical delivery of some of the contracts that they’ve stopped so far this month.  The link to all that action is here—and it’s worth a peek. It was even more frantic in silver, as 1,011,875 troy ounces were reported received [all in Scotia Mocatta] and 1,005,204 troy ounces were shipped out.  Of the amount shipped out, 885,000 troy ounces came out of Scotia Mocatta as well, so the forklift operators had a busy day.  The link to that action is here. I have the usual number of stories for you today—and some of the gold-related ones are definitely must reads.  But, as always, the final edit is in your hands. The surprise is that JPMorgan has also taken, in its proprietary account, delivery of 1,930 silver contracts or 61% of the 3,157 total contracts issued this month. This is a surprise because JPM is not only net short COMEX silver futures, but the above-the-law crooked bank dramatically increased its manipulative silver short position in the latest COT report. This raises a separate concern that JPMorgan may be shorting COMEX silver futures contracts to artificially depress the price so that it can pick up real metal on the cheap. I’m sure no one reading this would put this illegal motive beyond JPMorgan. – Silver analyst Ted Butler: 14 December 2013 It was another textbook case of a JPMorgan Chase et al-engineered price smash.  As Ted Butler keeps mentioning to all those who are not willfully blind—first their high-frequency traders set the prices lower in the most thinly-traded markets, tripping sell stops—and then the technical fund/small traders are either forced to sell more long positions, or may decide to put on short positions for technical reasons.  Either way, the collusive commercial traders are there to scoop up all the longs sold, or take the long side of the short sale.  This scenario has been going on for many years—and should be completely obvious to you by now, dear reader. But what was really impressive about yesterday was all the main stream media press that occurred at the same time that this price smash was taking place.  As I’ve said before, I don’t know why JPMorgan didn’t hire a brass band—and/or take out a front-page ad in either The New York Times or The Wall Street Journal, because what their doing is becoming blatantly obvious to all—well, almost all. If you read the Bloomberg story in the Critical Reads section that contained Dimitri Speck’s famous charts from this latest book, then you need to look at these same charts as produced by Nick Laird.  These are five-year rolling charts for both gold and silver. There are three things to note on the gold chart.  On average, over the current 5-year period, the high of the day comes about 40 minutes before the London open. [Note: If you check the Kitco gold chart at the top of today’s column, that’s about the time “da boyz” first hit the gold price on Thursday. – Ed]  The gold price gets bombed at the London a.m. and p.m. gold “fixes”—and then the cycle repeats.  This is the gold price suppression scheme laid bare. There certainly was no mercy shown in the silver price action either, but it’s interesting to note that all the real damage was done shortly before 9 a.m. GMT in London, which was the low tick of the day.  After that, silver recovered about twenty cents from its low and didn’t do much for the remainder of the day—and basically traded flat during the entire Comex trading session, including the electronic session that followed. The high and low ticks were $19.905 and $19.10 in the March contract.  That’s an intraday move over 4 percent.  On Wednesday, silver had an intraday move of over 3 percent. Silver closed at $19.25 spot, which was down 48 cents from Wednesday.  Net volume was very decent at 51,000 contracts, but I wouldn’t call it heavy, at least not compared to gold. The price management scheme in silver has a couple of other features associated with it.  The high, before the price gets turned over, comes at the 8 a.m. London open.  Then there’s the a.m. gold fix, the noon silver fix in London, the perennial low that comes 10 minutes after the Comex open—and last but not least, the London p.m. gold fix.  Then the pattern repeats.  With five years of data condensed into one chart, the price management scheme is equally obvious here as well.  All you need is open eyes—and and equally open mind—in order to see it.  Some choose not to. It was fairly quiet in Far East trading in all four precious metals on their Friday—but not lost on me was the new low tick in silver that came just a few minutes before the London open.  All four precious metals are in positive territory at the moment [4:39 a.m. EST] and volumes are about average for this time of day—and virtually all in the front month, which means it’s mostly of the HFT variety.  And, not that it matters, the dollar index is up about 11 basis points. And as I hit the send button on today’s column at 5:20 a.m. EST, the quiet rallies in all four precious metals are continuing.  Volumes are also getting up there a bit, especially in gold.  The dollar index has sagged back close to almost unchanged. With today being Friday, I have no idea what to expect in New York trading, but if we’re not at the lows, we aren’t that far off.  And as Ted Butler always says, its what “da boyz” do on the next rally that determines how high we go—and how fast we get there. Enjoy your weekend—or what’s left of it—and I’ll see you here tomorrow.center_img It was another textbook case of a JPMorgan Chase et al-engineered price smash The early rally in the gold price in Far East trading got dealt with in the usual manner—and the high tick of the day came just before 3:30 p.m. Hong Kong time, which was shortly before the London open.  Then shortly after London opened, the price got sold down to $1,198 in the February contract.  It recovered a bit and then traded more or less sideways until shortly after 1 p.m. in London, which was about 15 minutes before the Comex open.  From there it was all down hill into the 5:15 p.m. EST close of electronic trading in New York. The CME recorded the high and low ticks as $1,226.00 and $1,186.00 in the February contract. Gold closed the Thursday trading session at $1,187.80 spot, which was down $30.90 on the day.  Net volume was over the moon at 220,000 contracts.  The gold price came within a handful of dollars of taking out its 2013 low set back in late June. Just for the record, Kitco recorded gold finishing down 2.54% yesterday, whereas silver was ‘only’ down 2.43%. The dollar index closed late on Wednesday afternoon in New York at 80.59—and then proceeded to trade flat in an extremely tight range on Thursday, closing at 80.65, which was up a whole 6 basis points.  It was obvious that the currency moves had nothing to do with the precious metal price action yesterday, as it was equally as obvious that it was all “da boyz” just doin’ the dirty. The gold stocks gapped down over 2 percent at the open, hitting their low shortly after 10 a.m. in New York.  From there they worked their way slowly higher at glacial speed—and the HUI finished down only 1.72%. Sponsor Advertisement Your Road Map to Outsized Gains in an Undervalued Market  Doug Casey built his career on a saying attributed to Baron Nathan Rothschild: “The time to buy is when blood is in the streets.” And he’s acted on it to make his own fortune. He wrote the book on crisis investing—a book so popular that in 1979 it was not only a New York Times #1 bestseller, but it also outsold Carl Sagan’s Cosmos and Richard Nixon’s The Real War. Since then, he’s put the strategy into practice again and again. Right now there’s one undervalued market that piqued Doug’s interest so much that he jumped on a plane and traveled over 6,000 miles just to check it out. And what he found there seriously whetted his speculating appetite… Click here for details.last_img read more