1 Remy Cabella John Carver earned his first victory as Newcastle United manager as the Magpies comfortably beat Hull City at the KC Stadium in the day’s early kick off.Remy Cabella impressively opened his account for Newcastle as half time approached, before second half strikes from Sammy Ameobi and Yoan Gouffran condemned Hull to their fourth straight defeat.The win sees Newcastle move back into the top half of the table, whilst Hull remain in deep trouble down in 18th with 15 games remaining.Newcastle brought in Ameobi and Gouffran from the home defeat to Southampton two weeks ago, but it was the hosts who had the more clear-cut early chances.After Moussa Sissoko flashed a shot wide for Newcastle, Tim Krul and Fabricio Coloccini somehow combined to deny Curtis Davies what seemed a certain goal after Ahmed Elmohamady’s deep cross.Five minutes before half time, Cabella won possession 30 yards from the Hull goal and weaved his way through a few challenges before striking a brilliant left foot effort past Alan McGregor to put the visitors in front.The first half finished on a bizarre note as Elmohamady ran off celebrating after putting the ball in the net, only to be booked for what turned out to be a clear, Maradona-esque handball.It didn’t take the Magpies long to double their lead in the second half, as Ameobi emphatically punished Gaston Ramirez for casually conceding possession with a dipping left foot effort from 30 yards.Hull nearly halved the deficit when Krul saved Ramirez’s angled strike, but Gouffran put the result beyond doubt with a deflected effort after ghosting his way through a non-existent home defence.Newcastle held on for their first clean sheet in ten outings, while it is now six defeats in their last eight games for Bruce’s struggling Tigers.
Queensland’s tourism industry is pegging on the approval of a planned $600 million eco-resort at Great Keppel Island to not only attract new travelers but create hundreds of new jobs. Announced yesterday, the proposed great Keppel Island re-development on the Capricorn Coast will see a low-rise eco-tourism resort built over a period of 12 years, according to Tourism Queensland (TQ) chief executive Anthony Hayes.Mr Hayes said despite it being a challenging couple of years this new resort would be a huge show of confidence in the future of Queensland’s tourism industry that seems to be bouncing back with a range of tourism developments and refurbishments and new airline routes and capacity.“The process Tower Holdings has undertaken also shows the company’s commitment to the project and to the tourism potential that an eco-resort of this standard will bring to Queensland,” TQ’s head said.In the past two years, Queensland has been focused on investing, developing and improving the tourism industry. The gold Coast saw multi-million dollar upgrades to the Marriott, Sheraton Mirage and Paradise Resorts.Hayman Island in the Whitsundays reopened in August last year after a multi-million dollar refurbishment and Lindeman Island was purchased earlier this year by a Chinese media group before currently undergoing a major upgrade.After Cyclone Yasi in the Tropical North, Orpheus Island saw a multi-million dollar upgrade before re-opening last October. Dunk and Bedarra Islands are currently being rebuilt also following Yasi.Millions of dollars have been injected into the Cairns and Port Douglas region, including a $5 million upgrade of Silky Oaks Lodge; $6 million to transform the former Rydges Port Douglas into QT Resorts; $10 million on upgrades to the Cairns Hilton and Holiday Inn and $20 million for Ports North’s redevelopment of the Cairns Cruise Ship Terminal.On top of that an additional $25 million is about to be spent to upgrade the hotel and Cairns Pier precinct while the Tjapukai Aboriginal Cultural Park has plans to upgrade with investment.Castaways at Mission Beach had a $3 million refurbishment following damage from Cyclone Yasi and an upgrade on Townsville Sealink Magnetic Island ferry service vessels will allow possibilities to further diversifying tourism.Increased flights will see more travellers access Queensland in domestic and international routes. The recent announcement by China Eastern Airlines will see direct flights from Shanghai to Cairns and Singapore Airlines’ low-cost off-shoot Scoot is flying into the Gold Coast.“The Queensland Government has named tourism as one of the four pillars of the state’s economy and the Great Keppel Island development, should it gain final approval, will be another plank in our fantastic tourism product and experiences,” Mr Hayes concluded. Source = e-Travel Blackboard: K.W
August 22, 2018 590 Views in Daily Dose, Featured, News Share Next month marks the 10-year anniversary of the collapse of Lehman Brothers, generally viewed as the moment the Great Recession began. But a decade later, much has changed in the consumer credit marketplace, most notably and overtly in the mortgage sector, according to the Q2 2018 Industry Insights Report by TransUnion that looks at the meltdown’s effect on consumer access to credit and the relationship they have with it.“From a credit perspective, the financial crisis of 2008 was—and hopefully will remain—one of the most trying times in Americans’ lives,” said Matt Komos, VP of Research and Consulting for TransUnion’s Financial Services business unit. “Ten years later, we have some historical perspective on the repercussions from that period, and fortunately for the overall economy, consumers are generally in a much better place today.”According to the report, changes in consumer and lender behavior are most evident in the mortgage industry. The proliferation of subprime mortgage lending in the mid-2000s, among other market factors, led to massive increases in the percentage of borrowers 60-plus days past due,” the report stated. Serious delinquency peaked above 7 percent in 2010, but at the end of Q2 2018, the serious mortgage delinquency rate was 1.67 percent.In the ensuing decade, tightening, then expanding, access to credit combined with technological innovations to give consumers more options for borrowing, the report stated. As a result, Komos said, “we have seen a rebound in originations across all products since hitting their lowest respective levels from the crisis.”Originations, he said, “have rebounded from a low observed in Q1 2014, but are still down relative to 2008. The downward shift was driven by a large reduction in subprime lending due to lender contraction immediately following the crisis.Komos said recent growth in mortgages is mostly coming from the lowest-risk consumers. “There are more super prime accounts in 2018 than there were in 2008, though account volume has reduced for every other risk tier,” he said. “Most recently, however, we have started to observe lenders providing greater credit access across the full risk spectrum, compared to the period 2010 to 2015, as the economy and housing market have recovered.”According to TransUnion, the subprime share has actually dropped by 25 percent since 2008.Also, the report stated, origination volumes are up across risk tiers but have increased most noticeably for prime and prime-plus consumers.“Together, consumers in these two risk tiers have taken a lot of share from other risk tiers in terms of both accounts and balances,” Komos said. “More specifically, 41 percent of personal loan balances sat in these tiers in 2008, while 53 percent now sit with these tiers today.” Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said declines in the mortgage delinquency rate are “largely a result of the better credit quality of recent homebuyers and a housing market which has seen sustained price appreciation.” Still, Mellman said, homeownership rates continue to remain far below recent historical averages. “The homeownership rate reached approximately 70 percent at the beginning of the decade,” he said, “but has since declined, maintaining 64.2 percent since Q3 2017. Those consumers making home purchases tend to be taking on larger loans, as seen by the continued rise in average debt per mortgage borrower.” Borrowers Credit Access Credit Profile Delinquencies Foreclosures Home Purchases Home Sales homeowners Lenders Lending loans mortgage Mortgage Balances TransUnion 2018-08-22 Radhika Ojha A Decade Later, Where Does Credit Access Stand?