Facebook to reduce misleading health claims in News Feed

first_imgSan Francisco: Facebook has begun addressing sensational and misleading nutrition, health and fitness claims on its platform by lowering them in your News Feed. The social networking platform said has made two ranking updates to reduce posts with exaggerated or sensational health claims and posts attempting to sell products or services based on health-related claims. “For the first update, we consider if a post about health exaggerates or misleads — for example, making a sensational claim about a miracle cure,” Facebook said in a blog post late Tuesday. Also Read – Spotify rolls out Siri support, new Apple TV app “For the second update, we consider if a post promotes a product or service based on a health-related claim a” for example, promoting a medication or pill claiming to help you lose weight,” it added. Facebook is handling such health posts in a similar way it has claimed to previously reduce low-quality content like click-bait. “We identify phrases that were commonly used in these posts to predict which posts might include sensational health claims or promotion of products with health-related claims, and then showing these lower in News Feed,” said the company. Also Read – New Instagram tool to help users spot phishing emails According to Facebook, most Pages won’t see any significant changes to their distribution in News Feed as a result of this update. “Posts with sensational health claims or solicitation using health-related claims will have reduced distribution,” it added. Pages should avoid posts about health that exaggerate or mislead people and posts that try to sell products using health-related claims. “If a Page stops posting this content, their posts will no longer be affected by this change,” said Facebook.last_img read more

Jury finds Kyllan Ellis guilty of killing Simone Sanderson

first_imgBrittany HobsonAPTN NewsA Winnipeg jury has found Kyllan Ellis guilty of second-degree murder in the death of Simone Sanderson.The 23-year-old’s body was found in a vacant lot in Winnipeg’s North End on Sept. 2, 2012.She was last seen walking in the area on Aug. 26.Ellis plead not guilty.The jury deliberated for approximately eight hours before reaching a verdict.Outside the courthouse, Sanderson’s family hugged and spoke briefly.Sanderson’s grandmother Betty-Ann Sanderson was in court every day during the trial.At the beginning of the trial she called her granddaughter a ‘fighter.’The family has asked for privacy at this time.Michael Hutchinson, a representative from Manitoba Keewatinowi Okimakanak, addressed media on behalf of the family.“The family is very brave, and at this moment need time to recuperate,” said Hutchinson.He said the family will release a statement at a later date.A sentencing date will be determined later this week.Crown said the Sanderson family plans to put forth victim impact statements.Ellis’ family also plans to speak.Sanderson’s death was considered a cold case until 2014.Winnipeg Police received some information which pointed them toward Ellis.Police arrested and charged Ellis in 2016.bhobson@aptn.ca@bhobs22last_img read more

Atlantic City taxpayers on hook for 65000 in Miss America security costs

Atlantic City taxpayers on hook for $65,000 in Miss America security costs by The Associated Press Posted Oct 8, 2015 6:39 am MDT Last Updated Oct 8, 2015 at 9:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email ATLANTIC CITY, N.J. – Atlantic City taxpayers have been left on the hook for about $65,000 in security costs from this year’s Miss America pageant parade.The city was forced to cover the tab after organizers said they couldn’t pay, The Press of Atlantic City reported (http://bit.ly/1jekvY0).The Miss America Organization says the Boardwalk parade is like other major events that rely on public agencies for security and that it wasn’t privy to costs.Atlantic City is usually responsible for paying for the parade’s police detail and subsequent cleanup of the Boardwalk.The newspaper obtained cost-related emails through an open records request.Records show the Miss America Organization ran an $882,278 deficit in 2013, the year the pageant returned to Atlantic City from Las Vegas.The organization now says it’s on firm financial footing.State officials helped lure the pageant by promising a $7.3 million subsidy package through the end of this year.Talks of a contract extension for the pageant are clouded by a proposed five-bill package designed to stabilize Atlantic City’s finances.Plans calls for allocating roughly $25 million to $30 million in annual Casino Reinvestment Development Authority funding to the city to help pay off municipal debts. Part of the authority’s funding helps bankroll the pageant.Josh Randle, chief operating officer for the Miss America Organization, couldn’t provide an estimate of how much the pageant costs the public.___Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com 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

Dingo set for big 2019 with new Trakka predictive analytics models

first_imgDingo is to introduce practical machine learning models built using real customer data and targeted at specific industry problems from January, the company has announced.“Dingo has spent the last 12 months developing and refining machine learning models, in collaboration with Queensland University of Technology, to detect anomalies in condition monitoring data in Dingo’s OEM-independent global asset health database,” the company said.These models highlight anomalous behaviour in the data and will be available to users of Trakka®. As more quality component failure data is added to the data set, the accuracy of the anomaly detection models will improve, according to Dingo.“By detecting anomalies automatically, it will allow our users to:“Detect developing issues well before traditional engineering limits are reached;“Find slight changes in data trends, not discernable to a human analyst;“Act faster to correct abnormalities and restore equipment to normal operating condition.”Dingo says Trakka is a powerful, cloud-based predictive maintenance software system designed to house all of asset health data under one roof. The solution provides operations with the tools, insights, and decision-support to run a best-in-class asset health programme, according to the company.Further to this announcement, Dingo is also developing sophisticated predictive analytics models aimed at forecasting the remaining useful life of assets. Due for release in June 2019, Trakka users will have access to valuable analytical information about the Probability of Failure and Degradation Indexes, the company said.“These models are built by Dingo subject matter experts for common asset specific failure modes, eg Engine piston ring wear. They are designed with scalability in mind and can be easily retrained to work with a broad range of asset/failure mode problems experienced by real mining operations, making them highly reusable without further development,” Dingo said.“By creating an accurate Remaining Useful Life model, it will allow our users to:“More confidently plan component replacements;“Optimise repair costs when components are nearing end of life;“Improve related processes such as budgeting and supply chain logistics and management.”last_img read more

John Cooper Clarke I heard on the news that Bonos leather pants

first_img John Cooper Clarke Image: Paul Wolfgang Webster MORE THAN THREE decades passed between the publication of John Cooper Clarke’s last two poetry collections.During that time, Clarke has appeared everywhere from The Sopranos, to Arctic Monkeys recordings, the UK school syllabus, and ads for Sugar Puffs.But casual fans of the so-called ‘Bard of Salford’ might be hard pushed to name the 1983 collection, Ten Years In an Open Necked Shirt, that was his last published work before The Luckiest Guy Alive came out last year.So what was he doing between both collections? “I don’t have an intelligent answer,” he tells TheJournal.ie.“I’m just bone idle. But you’ve just got to keep trying. Inspiration’s for amateurs – I’m a professional. Some days are better than others: sometimes it ain’t happening, sometimes it is.”Instead, a unique performative style has seen him dubbed “the godfather of British performance poetry” and endeared him to fans across the world.Clarke first shot to fame as the ‘people’s poet’ alongside British punk bands in the late 1970s, and his rapid delivery of humourous verse led to him being dubbed a “punk poet”.The tag has no doubt been aided by his distinctive appearance, with Ronnie Wood-like hair and dark sunglasses a constant throughout his decades of fame.But he jokes that, despite his rock star credentials, he could never be in a band.“I’m not really a team player,” he says.“From time to time I’ve worked with musicians in the studio on albums and things like that. But every school report I got back in the day said the same thing: no team spirit.“I think that would forbid me from being in a band. I’m too much of a person of sudden impulse. You can’t do that when you’re working on a committee with five other guys.“You just can’t work in the way that I like to work. Let’s give it a name: I’m a control freak, and as such, unbearable in a bad situation. I’m a tyrant.”Bono’s trousersEarlier this week, Clarke announced a series of April shows across Ireland – on top of an appearance at Dublin’s Vicar Street in March – to promote his new book.The tour will take in dates in Letterkenny, Belfast, Sligo and Cork, locations Clarke says he has been to many times before and describes as “fantastic”.On top of his thoughts on life, jokes, and classic material, fans can also expect to hear some of the poems in his latest collection.The book contains verses on the destructive rampage of a 50ft tall woman, the fragile temperament of someone on psychedelic drugs, and an policeman who has a mental breakdown (“PC gone mad”).There’s even a piece about Bono’s trousers.“That’s something that actually happened – I heard it on the news on Radio 4,” he says.“There was one of those ‘save the planet’ type meetings that they have, and I heard Bono had been robbed of his key pieces: the stetson, the shades, and the leather pants.“So I converted it, hot off the news, into rhyme.”But although the news might seem like an easy source of inspiration (“something’s happening all the time”), Clarke points out that he aims to avoid too much direct social commentary.“I don’t really deal with politics at all, because it would date what I do in my poems,” he says.“What I write is nothing to do with what’s happening this week. I like to think that I deal with all the eternal stuff, irrespective of things like Britain leaving the EU.“I leave that to people who know what they’re talking about.”The luckiest guy aliveAt the same time, Clarke acknowledges that his work has social value when asked how he felt about his poems being taught on the UK’s school syllabus (“really glad”).However, he’s almost as quick to distinguish himself as different to those he appears alongside in school textbooks.“People have asked me since I began in poetry if I consider myself a romantic, because as everybody knows, the language of romance is poetry,” he says.“My answer to that question is always the same: yes, I consider myself to a romantic – but to a sadistic degree.”Despite his self-deprecation, Clarke doesn’t blink when asked if he considers himself the luckiest guy alive, as the title of his new book suggests.“Oh without a doubt, no contest,” he says.“I’ve got it all baby: a lovely wife, a beautiful daughter, a nice place to live. I make a living out of doing what it is that I’ll do anyway.“What more could you possibly ask for than this?”John Cooper Clarke will play in Dublin next month, and in Letterkenny, Belfast, Sligo and Cork in April as part of ‘The Luckiest Guy Alive Tour’. By Stephen McDermott Image: Paul Wolfgang Webster Mar 3rd 2019, 8:01 PM 16 Comments Tweet thisShare on FacebookEmail this article Sunday 3 Mar 2019, 8:00 PMcenter_img https://jrnl.ie/4517674 John Cooper Clarke John Cooper Clarke: ‘I heard on the news that Bono’s leather pants were robbed, so I put it to rhyme’ The godfather of British performance poetry will embark on an Irish tour in March and April. 21,408 Views Share42 Tweet Email2 Short URLlast_img read more

Barclays chairman uses Feng Shui on company cars

first_imgSomething for the weekend…The new chairman of Barclays, John McFarlane, has ordered a new fleet of cars for staff to improve Feng Shui.The bank used to have black limousines but now has a fleet of silver vehicles for executive employees in order to improve the harmony of those using them.McFarlane also made headlines when he banned flip-flops from the headquarters of Barclays.The Employee Benefits team is wondering what other benefits the bank may introduce or adapt to reflect McFarlane’s passion for Feng Shui.last_img read more

DODs Energy Resilience Strategy includes Focus on Industrial Control Systems

first_img Dan Cohen AUTHOR The Defense Department is preparing plans to protect facility-related control systems (FRCS) from cyberattacks as part of its effort to ensure critical missions can continue to operate during a variety of threats. Installation officials are working with the department’s chief information officer and principal cyber advisor “toward solutions and resources ensuring FRCS are defensible, survivable, and resilient to operate and sustain critical functions in a cyber-contested environment,” according to the written testimony Lucian  Niemeyer, DOD’s assistant secretary for energy,  installations and environment, submitted in April to the House Armed Services’ Readiness Subcommittee.FCRS are vulnerable to cyberattacks, as has been made clear during past incidents involving malware, including one on Ukraine’s electric grid which cut power to critical facilities. At the same time, the services are updating their energy resilience policies, which require plans “to ensure available, reliable, high-quality, and cyber secure power to continuously accomplish our missions from our installations and facilities,” the testimony states.Another component of the department’s energy resilience approach is scenario-based planning, such as installation reliability exercises which can be used to determine investments for resilient infrastructure. “This improves our installations’ security posture, increases our planning effectiveness, and ensures our ability to continue critical missions in the face of grid power disruptions that could occur due to weather events and/or direct physical or cyberattack,” Niemeyer’s testimony states. The department also is working with the departments of Energy and Homeland Security to “pinpoint the needs of critical defense assets and national infrastructure.”Photo by John Motternlast_img read more

Alaska Native corporation acquires oil and gas leases in Arctic waters

first_imgThe Alaska Native corporation representing the North Slope has bought 21 federal leases in the Beaufort sea formerly owned by Shell. That gives the Arctic Slope Regional Corporation, or ASRC, the right to explore for oil and gas in the Arctic Ocean, which has historically been controversial in the region.Listen Now Arctic Ocean (Photo courtesy of the U.S. Geological Survey)Rex Rock, Sr., is the President and CEO of ASRC.  He announced Wednesday that the corporation has acquired Shell’s leases in Camden Bay, just off the coast of the Arctic National Wildlife Refuge.After spending billions on an unsuccessful exploration campaign, Shell halted its efforts to drill in the Arctic in 2015. However, Rock said Shell’s failure to develop on the Outer Continental Shelf doesn’t mean there isn’t opportunity for oil and gas development there.“We all know how the Chukchi effort ended, yet we know there is still tremendous potential in Alaska’s offshore,” Rock said.Camden Bay is the site of the Sivulliq and Torpedo prospects. Rock said ASRC also obtained Shell’s data on the sites. He made the announcement at a conference hosted by the Resource Development Council in Anchorage.The Interior Department is expected to announce soon whether it will include the Arctic in its 5-year plan for offshore oil and gas leasing. Alaska Department of Natural Resources Commissioner Andy Mack said ASRC’s willingness to take on the leases is a sign of local support for offshore drilling — and it should signal to the federal government that the Arctic must be included in the plan.“For ASRC to take this step out and say we believe that we can do this and we believe this can be done safely and we’re doing this on behalf of our shareholders should speak volumes to the conversations that are going on and the analysis being conducted in Washington, D.C.,” Mack said.Alaska officials and the oil industry have strongly advocated for Arctic leases to be included in the 5-year plan. Environmental groups oppose their inclusion due to concerns about climate change and impacts to wildlife.A decision not to offer future lease sales in the new five year OCS plan would have no effect on current leases.Correction: The story originally indicated the Arctic Slope Regional Corporation bought two leases in the Beaufort sea. The actual number is 21 leases. This story has been updated.last_img read more

Syrian rebels say army besieging their enclave in Deraa

first_imgA view of South-west Syria as seen from Quneitra countryside, Syria on 8 July 2018. Photo: ReutersThe Syrian army and allied troops on Monday laid siege to the rebel-held enclave in Deraa and were poised to gain complete control of the city where the uprising against President Bashar Assad’s rule first erupted, rebels said.Abu Shaima, a spokesman for the opposition in the southern Syrian city, said several thousand people were now encircled after the army pushed into a base west of the city without a fight.”The army and its militias have besieged Deraa completely,” the rebel spokesman told Reuters.The return of Deraa to Assad’s complete control would deal a big psychological blow to the opposition since the city came to epitomise the early peaceful protests against authoritarian rule that spread across Syria. The protests were violently crushed and paved the way for the bloody civil war.A surrender deal was reached on Friday between Russian officers and rebel representatives to give up Deraa city along with other towns in the southern province that borders Jordan in another victory for Assad and his Russian and Iranian allies.Before the deal, many towns and villages in Deraa province were forced to agree to return to state control after a major Russian aerial bombing campaign on urban centres that led to the largest displacement of civilians in the more than seven year long conflict.As part of the deal, opposition fighters not ready to make peace with the army must first be allowed to evacuate to opposition-held areas in northern Syria before the hand over of weapons and the return of state sovereignty.”There are fighters who want to go to (opposition-held) Idlib but this was rejected after we were besieged,” said Abu Shamia, referring to a meeting held on Sunday in which he said a go-between with Syrian army had flatly rejected their demands to leave.The rebels say the deal also does not allow the army to move into their bastions and allows for setting up local forces from ex-rebels under the oversight of Russian military police.”There is a lot of fear about the unknown fate and we do not trust the Russians or regime,” Shaima added saying remaining rebels in Deraa city were still holding their positions on its frontlines.Another opposition negotiator said another round of talks with Russian officers was planned this afternoon over the fate of the rebel-held bastion and security arrangements once it returns to state rule.”We will work with the Russians on setting up a local force from the inhabitants that will prevent the entry of the army to Deraa with Russian guarantees,” Abu Jihad, a negotiator said.last_img read more

first_img Videos | Brachytherapy Systems | July 23, 2019 VIDEO: New Alpha Emitter Brachytherapy Seeds in Development Lior Arazi, Ph.D., assistant professor at… read more The MD Anderson Proton Therapy Center expansion is expected to be completed in 2023. Rendering courtesy of Stantec. News | Cardio-oncology | July 29, 2019 Statins Reduce Stroke, Cardiovascular Risk in Cancer Patients Following Radiation July 29, 2019 — Cancer patients taking cholesterol-lowering statin medication following… read more VIDEO: Use of Radiotherapy to Noninvasively Ablate Ventricular Tachycardia Pierre Qian, MBBS, cardiac electrophysiologist fellow, Brigham and Women’s Hospital, explains how his facility is working with… News | Radiation Therapy | August 15, 2019 First Patient Enrolled in World’s Largest Brain Cancer Clinical Trial August 15, 2019 — Henry Ford Cancer Institute is first-in-the-world to… read more Technology | Interventional Radiology | August 16, 2019 Profound Medical Receives U.S. FDA 510(k) Clearance for Tulsa-Pro August 16, 2019 — Profound Medical Corp. announced it has received 510(k) clearance from the U.S. Food and Drug… read more News | Radiation Therapy | August 16, 2019 Drug Accelerates Blood System’s Recovery After Radiation, Chemotherapy August 16, 2019 — A drug developed by UCLA physician-scientists and chemists speeds up the regeneration of mouse and… read more VIDEO: Creating a Low-cost Radiotherapy System for the Developing World Paul Liu, Ph.D., post-doctoral research associate, Image X Institute at the University of Sydney, Australia, explains how his… 12345PreviousNext News | Artificial Intelligence | July 26, 2019 Progenics Pharmaceuticals Collaborating With Veterans Affairs on AI Cancer Imaging Research Program July 26, 2019 — Oncology company Progenics Pharmaceuticals Inc. announced their collaboration with the Veterans… read more Radiation oncology is a medical specialty that uses radiation therapy to treat cancer. The radiation therapy channel covers all aspects of radiation oncology technology. Radiation therapy includes linear accelerators (LINAC), proton therapy, brachytherapy, image guided radiation therapy (IGRT), focused ultrasound, stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), treatment planning systems and tomotherapy. 123456789…next › Radiation Oncology Oncology information management systems (OIMS)Patient positioning/immobilizationProton TherapyRadiation therapyTreatment planning software/systems Power injectors can improve efficiency and patient safety, for example, ensuring that contrast agent is not wasted due to the lack of a saline bolus. Image courtesy of Lior Molvin News | Patient Positioning Radiation Therapy | August 07, 2019 Qfix kVue One Proton Couch Top Validated by Mevion Medical Systems August 7, 2019 — Qfix and Mevion Medical Systems announced that a special version of the kVue One Proton… read more VIDEO: Efforts to Define the Roles of Medical Physicists and Assistants for Regulators Brent Parker, Ph.D., DABR, professor of radiation physics and medical physicist at MD Anderson Cancer Center, explains how the American Association of Physicists in… News | Proton Therapy | August 08, 2019 MD Anderson to Expand Proton Therapy Center August 8, 2019 ―… read more Sponsored Content The top piece of content in July was a video interview explaining how Princess Margaret Cancer Center is using machine learning to create automated treatment plans. This was a hot topic at the American Association of Physicists in Medicine (AAPM) 2019 meeting in July.  VIDEO: Trends in Medical Physics at the AAPM 2019 meeting Mahadevappa Mahesh, Ph.D., chief of medical physicist and professor of radiology and medical physics, Johns Hopkins University, Baltimore, and treasurer of the… Videos | Radiation Therapy | July 23, 2019 VIDEO: Creating a Low-cost Radiotherapy System for the Developing World Paul Liu, Ph.D.,… read more News | Radiation Therapy | August 02, 2019 Varian Showcases Cancer Care Systems and Software at AAPM 2019 August 2, 2019 — Varian showcased systems and software from its cancer care portfolio, including the Identify… read more News | Proton Therapy | August 06, 2019 IBA Signs Contract to Install Proton Therapy Center in Kansas August 6, 2019 — IBA (Ion Beam Applications S.A.) recently signed a contract and received the first payment for a… read more Following radiation, the bone marrow shows nearly complete loss of blood cells in mice (left). Mice treated with the PTP-sigma inhibitor displayed rapid recovery of blood cells (purple, right). Credit: UCLA Broad Stem Cell Research Center/Nature Communications Videos | AAPM | July 29, 2019 VIDEO: Efforts to Define the Roles of Medical Physicists and Assistants for Regulators Brent Parker, Ph.D., DABR, professor… read more Videos | AAPM | July 23, 2019 VIDEO: Bridging Diversity in Medical Physics to Improve Patient Care Cynthia… read more News | Patient Positioning Radiation Therapy | August 15, 2019 Mevion and C-RAD Release Integration for Improved Proton Therapy Treatment Quality August 15, 2019 — Mevion Medical Systems and C-RAD announced the integration between the C-RAD Catalyst PT and the… read more Sponsored Content | Blog | Contrast Media | July 31, 2019 BLOG: How Advances in Technology Help Patients and Providers Patient safety and operational efficiency are behind the development of modern contrast media, selection and… read more News | Radiation Oncology | July 31, 2019 Laura Dawson, M.D., FASTRO, Chosen as ASTRO President-elect July 31, 2019 — The members of the American Society for Radiation Oncology (ASTRO) elected four new officers to… read more Videos | Radiation Therapy | July 30, 2019 VIDEO: Use of Radiotherapy to Noninvasively Ablate Ventricular Tachycardia Pierre Qian, MBBS… read more Power injectors can improve efficiency and patient safety, for example, ensuring that contrast agent is not wasted due to the lack of a saline bolus. Image courtesy of Lior Molvin Blog | Contrast Media | July 31, 2019 BLOG: How Advances in Technology Help Patients and Providers Injector technology development carries on the evolution of contrast agents read more Videos | AAPM | July 29, 2019 VIDEO: Trends in Medical Physics at the AAPM 2019 meeting … read more News | Brachytherapy Systems | August 14, 2019 Efficacy of Isoray’s Cesium Blu Showcased in Recent Studies August 14, 2019 — Isoray announced a trio of studies recently reported at scientific meetings and published in… read more Feature | August 05, 2019 | Dave Fornell, Editor Most Popular Radiology and Radiotherapy Topics in July 2019 August 5, 2019 — Here is the list of the most popular content on the Imaging Technology New (ITN) magazine website… read more Most Popular Radiology and Radiotherapy Topics in July 2019 August 5, 2019 — Here is the list of the most popular content on the Imaging Technology New (ITN) magazine website from the month of July 2019. This is based on the website’s 162,367 pageviews for the month: Catalyst PT image courtesy of C-RADlast_img read more

ExUK tabloid editor Andy Coulson cleared of perjury

first_img Arizona families, Arizona farms: providing the local community with responsibly produced dairy Milstead says best way to stop wrong-way incidents is driving sober New Valley school lets students pick career-path academies Ex-FBI agent details raid on Phoenix body donation facility Coulson was accused of lying about his knowledge of phone hacking — the tabloid’s practice of eavesdropping on the voicemail messages of politicians, celebrities and people in the public eye.He was convicted last year at another trial of conspiracy to hack phones and sentenced to 18 months in prison. He was released in November after serving five months.Burns acquitted Coulson Monday but legal restrictions meant the decision could not be reported until he informed the jury on Wednesday.The judge said Wednesday that even if Coulson had lied under oath, “the lies were not relevant and do not amount to perjury.”He discharged the jury and told Coulson he was free to leave the court.Outside court, Coulson said: “I am just delighted that after four pretty testing years that my family and myself have finally had a good day.”Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Former News of the World editor Andy Coulson, center, leaves the High Court after he was cleared of perjury, Edinburgh, Scotland, Wednesday, May 3, 2015. Coulson, who edited the now-defunct Rupert Murdoch-owned tabloid between 2003 and 2007, had been charged with lying in a 2010 trial of former Scottish lawmaker Tommy Sheridan. (Andrew Milligan/PA Wire via AP) UNITED KINGDOM OUT, NO SALES, NO ARCHIVE New Year’s resolution: don’t spend another year in a kitchen you don’t like LONDON (AP) — Former News of the World editor Andy Coulson was cleared of perjury Wednesday after a judge said the alleged lies he told under oath were not relevant to the trial in question.Judge David Burns told jurors at Edinburgh High Court that “not every lie amounts to perjury.”Coulson, who edited the now-defunct Rupert Murdoch-owned tabloid between 2003 and 2007 and later served as Prime Minister David Cameron’s communications chief, had been charged with lying in a 2010 trial of former Scottish lawmaker Tommy Sheridan. Top Stories Former Arizona Rep. Don Shooter shows health improvement Comments   Share   The vital role family plays in society Sponsored Stories last_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

Former Helector boss pleads for leniency in bribery trial Updated

first_imgThe Nicosia criminal court will announce the sentence of former director of Greek-owned waste-management company Helector Cyprus Demetris Giannakopoulos on Friday, after he pleaded guilty to bribing a public official, it was announced on Wednesday.Demetris Giannakopoulos had been accused of having bribed former Paphos mayor Savvas Vergas in 2009 and 2010 with some €310,000 in exchange for Vergas arranging the payment of unpaid dues by the municipality to the company over its operation of the Paphos landfill.In court on Wednesday, Giannakopoulos’ lawyer Thanasis Korfiotis argued for mitigation, requesting a suspended sentence for his client for a number of mitigating factors.Korfiotis argued that Giannakopoulos had no personal gain from the affair and was simply acting on instructions from his then boss, Athanasios Katris, as well as that he had fully cooperated with investigators fully.Giannakopoulos, his lawyer said, is a 63-year-old man who lives permanently in Bucharest, Romania, with his partner and their eight-year-old daughter, whose care he is responsible for while her mother is at work.The defendant has realised and regretted his mistake, Korfiotis said, and deserves a second chance from the court. Giannakopoulos was among several Helector senior executives accused of giving backhanders to the jailed former mayor in exchange for preferential treatment in the handling of municipal contracts.In his confession Giannakopoulos had disputed the sum of backhanders paid to Vergas.Earlier, Vergas – currently serving a six-year jail term for bribery and corruption over the Paphos Sewerage Board (Sapa) scandal – was handed an added two-year jail term after pleading guilty to receiving bribes over the Paphos landfill contract.The offences to which Vergas pleaded guilty to were committed between 2009 and 2014.The Paphos landfill was constructed by a consortium between Greek company Helector and German company Bilfinger Baugesellschaft, completed in July 2005.Per the terms of the landfill’s operation, the company agreed to serve an annual 36,000 tonnes of waste, with a five-per-cent margin on quantities, for a fixed fee from municipalities.In fact, the landfill received almost 70,000 tonnes per year, and the company demanded additional fees.As head of the committee negotiating the contract on behalf of municipalities, Vergas travelled to Athens in 2009 to discuss the matter.At the meeting, it was agreed that Vergas receive a five per cent cut on the contract’s annual revenues in exchange for arranging payment for the additional fee demands.Vergas received a total of €766,000 from the consortium, of which he kept €311,240, splitting the rest among others.Vergas was arrested following revelations by his successor, Phedonas Phedonos, in March last year.In a statement to the police, he admitted being bribed by the consortium.In addition to Vergas and Giannakopoulos, 14 others are defendants in the trial, which includes similar goings-on at the Koshi landfill.They are former Larnaca mayor Andreas Louroudjiatis, former Sapa director Eftichios Malekkides, civil servants Michalis Pantis, Stelios Papadopoulos, and Christos Petrou, pensioners Antonis Kourouzides and Georgios Koullapis, municipal employee Demetrios Patsalides, doctor Nicolas Koullapis, engineer Imad Bagle, chemical engineer Theofanis Lolos, and companies Enviroplan, Helector Cyprus, and Midoriaco Ltd.You May LikeClassmates.comLook For Any High School Yearbook, It’s FreeClassmates.comUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndo Concern over falling tourism numbersUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more

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Nationwide, "The main difference in authoritative vs.” Marco Rubio on ABC’s “This Week” Bits and Bites Lena Dunham Brings Hillary Clinton Millennial Cred in New Hampshire [TIME] Joe Klein: Trump The Incoherent Demagogue [TIME] Top White House Officials Talk Encryption in Silicon Valley [TIME] Muslim Woman Gets Kicked Out of Trump Rally for Protesting Silently [Washington Post] Elizabeth Warren Says a Female President Would Be A Role Model for Men [TIME] Meet the 12-Year-Old Who Will Join the First Lady at the State of the Union [TIME] White House Says Gun Op-Ed Not Meant as 2016 Endorsement [TIME] Watch 7 Years of Obamas State of the Union Addresses [TIME] The State of the Union Address as a Wes Anderson Film [CNN] Obama,S. wrote a joint letter to the Republican presidential nominee, Modi, some 3. read more

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