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How You Can Deal With A Bad Wholesale Discount Due Bad Repair Service Price Quotes

21:21, 22/7/2014 .. 0 comments .. Link
nullHow To Fix A Bad Wholesale Deal Due Bad Repair EstimatesTweetLook, we?re wholesalers, flippers for some in the real estate investing world.  And, 99% of the time, that means we?re also NOT carpenters or general contractors.  So, what do you do when a seller tells you the house needs minor cosmetic repairs, when it really needs to be leveled?Well? let me give you a real world example.My student sent me a lead not too long ago.  Well, it wasn?t exactly a lead? as much as it was a out of this world slam dunk home run.  Here were the numbers:Um? did you see the number in the wholesale profit line?  That?s $27,000 and it?s not a misprint.  We presented the offer of $40k and she took it.  Contract was signed and we were marketing this beauty all over town.  Here?s the kicker.As we began bringing in potential buyers, the repair news was not good.  One guy told us he would need to sink a good $50,000 into this house in order to get it ready to sell.$50,000???  In case you?re wondering, that?s a long way off from the $15,000 we budgeted for.  Here is how the numbers look now:Our contract was for $40,000 cash.  Big problem.  Our slam dunk just turned into a money pit of a nightmare.  And, on top of the fact that the numbers were jacked up, what rehabber is going to want to sink $50k into a house?So, what did we do?  HINT: We didn?t cancel the contract?How To Fix A Bad Wholesale DealWe went back to the seller and explained that her repair estimate was whack and that it?s going to cost a crap-ton more to fix the place.  So, in light of this new revelation, we were canceling the original contract for $40,000 and offering her much, much less? like $20,000 cash.  Her reaction?Forget it.  No deal.We said fine and bailed.  A day later she called back and we had a new deal.  What else could she do?  She has to deal with us.  That?s the beauty of being a wholesaler.  Sellers in this type of situation have no other viable options.  And now, we have a new deal, with a new inspection period and close date, that we?re pitching to potential buyers.And that?s how it?s done?
For the original version including any supplementary images or video, visit http://www.reiclub.com/realestateblog/how-to-fix-a-bad-wholesale-deal-due-bad-repair-estimates/

Government Record: Violence, Corruption Compeling Immigrant Kids To Cross Into United State - El Paso Times

09:44, 22/7/2014 .. 0 comments .. Link

Best and worst expat movies of all time - CNN.com

Buying an Italian villa helps improve the life of Frances (Diane Lane) in "Under the Tuscan Sun." Paradoxically, for anyone unlucky enough to watch this meatball, life gets slightly worse. State Department, and is the son of a former U.S. Foreign Service officer who served in South America. "These people are refugees," Lusk said. "Anyone who flees their country for fear of their life, who flees for safety reasons, is a refugee, regardless of how the government defines them. The United Nations considers them refugees. It is not true that they come here because they expect benefits." The U.S. State Department has reported that Honduras has the highest per-capita rate of murders in the world, and El Salvador the second highest. U.S. officials said 99 murders per week occur in Guatemala, El Salvador, where rape is on the increase, has 20,000 gang members. Also, 54 percent of the people in Guatemala live in poverty, compared to 60 percent in Honduras. Ruben Garcia, director of Annunciation House, a faith-based organization that is coordinating the housing of migrants from Central America at the request of U.S. Immigration and Customs Enforcement, said that so far local shelters have housed and otherwise assisted about 2,500 migrants. Unaccompanied Central American children are not being sent to El Paso, only those with a parent or legal guardian.
For the original version including any supplementary images or video, visit http://www.elpasotimes.com/news/ci_26185641/government-report-violence-corruption-forcing-children-cross-into?source=rss

The Current Wins 3 Awards at Houston Press Clubs Lone Star Awards Beaches Be Trippin': Five Texas Coast Spots Worth the Drive Arts & Culture: Lets face it, most of us Lone Stars view the Texas coast as a poor mans Waikiki. Hell, maybe just a poor mans Panama Beach only to be used... By Callie Enlow 7/10/2013 Best Ceviche Best of SA 2013: 4/24/2013 Free Things to Do: Kid-friendly Free Guide: Its almost summer, which means that your government-subsidized free daycare (aka public school) goes on hiatus thanks to an archaic allegiance to a rural agriculture economic system that hasnt been in play for decades. What to do with the wee ones whining 5/21/2014 Lonely Horse and Hawks (of Holy Rosary) Gain National Traction, Islands & Tigers Release Fourth EP Music: After electioneering enough votes to enter into a qualifying battle of the bands, last week SA duo Lonely Horse won the... By Matt Stieb and Shannon Sweet 7/16/2014 Safe Harbor: SA struggles to embrace its current refugee community News: The refugee camps are packed with tents, bamboo huts and nationless people. There is no electricity to speak of and women, men and children wait in lines... By Bill Conroy 7/16/2014 Fresh, Local Comfort Food at Grayson Street Eatery Food & Drink: Im not much for mystery. Surprise birthday parties arent my jam. I like knowing what Im getting myself into. All. The. Time.
For the original version including any supplementary images or video, visit http://blogs.sacurrent.com/sasound/sunday-night-sound-bite-paquita-la-del-barrio-rata-de-dos-patas/

Sunday Night Sound Bite: Paquita la del Barrio: ?Rata de Dos Patas? | San Antonio Current ? Blogs

Taking over as leader of a tribe of headhunters? Fine. Massacring all those soldiers? Well, there was a war on. But that hairstyle? Too much. HIDE CAPTION Best expat movies: 'The Wages of Fear' 'Straw Dogs' (1971) 'Year of Living Dangerously' (1982) 'Casablanca' (1942) Worst expat movies: 'The Beach' (1999) 'Under the Tuscan Sun' (2003) 'Eat Pray Love' (2010) 'Farewell to the King' (1989) << Cinema loves portraying the lives of expats -- but doesn't always get it right In "Casablanca" Humphrey Bogart plays a noble bar owner toughing out in WWII In "Farewell to the King" Nick Nolte plays a shirtless man with feathers in his hair (CNN) -- What's the best source of information for anyone planning a move overseas -- the Internet, the bookstore or those carefully worded government travel warnings? Duh! It's the movies, of course. Why would anyone do any research when everything they need to know about their new lives has been laid bare on the silver screen? When cinema gets it right, it does a pretty good job of taking a hatchet to the expat dream of lounging around in exotic bars dressed in linen suits and Panama hats. Just as often, however, Hollywood's overseas adventures run into so much trouble it's a wonder it isn't now languishing in the bowels of a dank foreign prison hoping that someone at the embassy might be able to put in a few calls.
For the original version including any supplementary images or video, visit http://www.cnn.com/2014/07/20/travel/best-and-worst-expat-movies/index.html

SA Food Pics: Goodies, grease and grub around town | San Antonio Current ? Blogs

@san_toaster snapped this pic at Sushihana Japanese Restaurant. and Bistro (2512 N Main), Lulus Bakery & Cafe (918 N Main), Kimura (152 E Pecan) and Luke (125 E Houston). Capture your pics with the hashtag #SAfoodpics and you reach superstar status on our blog. Until then keep exploring new food options and remember to eat local! @migseg2 said Chinese chili dog for brunch. ( via ) @misscieradenise said Some things are just meant to be shared. ( via ) @san_toaster snapped this pic at Sushihana Japanese Restaurant. ( via ) The Current Wins 3 Awards at Houston Press Clubs Lone Star Awards Beaches Be Trippin': Five Texas Coast Spots Worth the Drive Arts & Culture: Lets face it, most of us Lone Stars view the Texas coast as a poor mans Waikiki. Hell, maybe just a poor mans Panama Beach only to be used... By Callie Enlow 7/10/2013 Best Ceviche Best of SA 2013: 4/24/2013 Free Things to Do: Kid-friendly Free Guide: Its almost summer, which means that your government-subsidized free daycare (aka public school) goes on hiatus thanks to an archaic allegiance to a rural agriculture economic system that hasnt been in play for decades. What to do with the wee ones whining 5/21/2014 Lonely Horse and Hawks (of Holy Rosary) Gain National Traction, Islands & Tigers Release Fourth EP Music: After electioneering enough votes to enter into a qualifying battle of the bands, last week SA duo Lonely Horse won the... By Matt Stieb and Shannon Sweet 7/16/2014 Safe Harbor: SA struggles to embrace its current refugee community News: The refugee camps are packed with tents, bamboo huts and nationless people. There is no electricity to speak of and women, men and children wait in lines... By Bill Conroy 7/16/2014 Fresh, Local Comfort Food at Grayson Street Eatery Food & Drink: Im not much for mystery. Surprise birthday parties arent my jam. I like knowing what Im getting myself into. All.
For the original version including any supplementary images or video, visit http://blogs.sacurrent.com/flavor-2/sa-food-pics-goodies-grease-and-grub-around-town/



How You Can Deal With A Bad Wholesale Discount Due Bad Repair Service Price Quotes

07:06, 22/7/2014 .. 0 comments .. Link
nullHow To Fix A Bad Wholesale Deal Due Bad Repair EstimatesTweetLook, we?re wholesalers, flippers for some in the real estate investing world.  And, 99% of the time, that means we?re also NOT carpenters or general contractors.  So, what do you do when a seller tells you the house needs minor cosmetic repairs, when it really needs to be leveled?Well? let me give you a real world example.My student sent me a lead not too long ago.  Well, it wasn?t exactly a lead? as much as it was a out of this world slam dunk home run.  Here were the numbers:Um? did you see the number in the wholesale profit line?  That?s $27,000 and it?s not a misprint.  We presented the offer of $40k and she took it.  Contract was signed and we were marketing this beauty all over town.  Here?s the kicker.As we began bringing in potential buyers, the repair news was not good.  One guy told us he would need to sink a good $50,000 into this house in order to get it ready to sell.$50,000???  In case you?re wondering, that?s a long way off from the $15,000 we budgeted for.  Here is how the numbers look now:Our contract was for $40,000 cash.  Big problem.  Our slam dunk just turned into a money pit of a nightmare.  And, on top of the fact that the numbers were jacked up, what rehabber is going to want to sink $50k into a house?So, what did we do?  HINT: We didn?t cancel the contract?How To Fix A Bad Wholesale DealWe went back to the seller and explained that her repair estimate was whack and that it?s going to cost a crap-ton more to fix the place.  So, in light of this new revelation, we were canceling the original contract for $40,000 and offering her much, much less? like $20,000 cash.  Her reaction?Forget it.  No deal.We said fine and bailed.  A day later she called back and we had a new deal.  What else could she do?  She has to deal with us.  That?s the beauty of being a wholesaler.  Sellers in this type of situation have no other viable options.  And now, we have a new deal, with a new inspection period and close date, that we?re pitching to potential buyers.And that?s how it?s done?
For the original version including any supplementary images or video, visit http://www.reiclub.com/realestateblog/how-to-fix-a-bad-wholesale-deal-due-bad-repair-estimates/

Fannie Mae Offers Option To Repurchase For Home Loan Insurance Coverage Rescission, Announces Many Other Repairing Plan Updates

17:54, 21/7/2014 .. 0 comments .. Link
Fannie Mae Supplies Alternative To Repurchase For Home mortgage Insurance Rescission, Announces Many Various other Repairing Plan Updates even more+Embed To embed, duplicate and paste the code into your web site or blog: On July 1, Fannie Mae issued Repairing Overview News SVC-2014-13, which describes a new choice to repurchase, an "MI alternate." The MI alternate is defined as the complete home loan insurance policy (MI) advantage that would have been payable under the initial home loan insurance coverage if the mortgage loan liquidates. The alternative was initial announced earlier this year as part of more comprehensive updates to Fannie Mae' portrayal and guarantees framework. Fannie Mae will not require immediate repurchase when the MI is rescinded on home loan gotten on or after July 1, 2014, and instead will offer the MI stand-in if: (i) the liable party fulfills Fannie Mae's eligibility criteria; and (ii) the only flaw Fannie Mae identifies in the home loan even more details is the rescission of MI; or (iii) the accountable social event remedies all problems identified, except the MI rescission defect, during the required treatment duration. A mortgage loan will certainly not be eligible for the MI alternate if: (i) Fannie Mae recognizes various other issues during the full data quality assurance evaluation which the accountable social event fails to cure throughout the needed remedy duration, or (ii) the responsible event does not respond in a timely manner or submit all of the required records within the timeframes needed by Fannie Mae. If the responsible party remedies the problems that made the mortgage loan ineligible for the MI stand-in, Fannie Mae will certainly evaluate the mortgage loan and accountable celebration for this alternative to repurchase. On July 9, in Maintenance Overview Statement SVC-2014-14, Fannie Mae announced that servicemembers could utilize alternatives to Fannie Mae's form for documenting active duty orders. The statement also updates policies relating to (i) ordering a home assessment for brief sales, Mortgage Releases, and foreclosure sale bidding directions; (ii) sending economic statements and records; and (iii) loan modification month-to-month principal and passion payment requirements.
For the original version consisting of any kind of additional pictures or video, go to http://www.jdsupra.com/legalnews/fannie-mae-offers-alternative-to-repurch-37182/

New Statutory Elective Share For Enduring Spouses In Rhode Island

02:28, 21/7/2014 .. 0 comments .. Link
New Statutory Elective Share for Making it through Spouses in Rhode Island a lot more+nullEmbed To installed, duplicate and paste the code into your website or blog: A surviving partner's rights and interests to possessions of a departed spouse have actually been made clear and expanded by a new spousal "elective share" statute in Rhode Island (R.I.G.L. § 33-28-1 et. seq.). The new law came to be effective on July 1, 2014. Under the new law, an optional share allows an enduring spouse to choose to receive a distribution from the deceased's estate in a quantity equal to the value of the legal life estate passions in any sort of real estate owned by the departed, free and free from any sort of rights and interests of other beneficiaries, in addition to furnishings, house results, products and other personal property excused from accessory by law. The elective share may be paid through an in-kind distribution of assets or money. The brand-new regulation introduces Rhode Island more detailed according to various other elective share states, however cuts short of taking on strategies based on the Uniform Probate Code (UPC) that allow surviving spouses a percent share of increased estate properties, including properties moved to a revocable rely on. For instance, Massachusetts enables an optional share equal to one-third of the deceased's genuine and personal property, consisting of residential property composed a revocable count on, where the departed left living descendants, or as much as one-half of such home if the deceased left no living descendants. In either situation, the surviving spouse obtains the first $25,000 outright and the extra over $25,000 in the form of a life estate. Florida's elective share for an enduring spouse amounts to 30 % of the fair market price of certified assets owned by the deceased individually, collectively or in a revocable rely on, excluding property in other territories. Considering that 1978, when the typical law and legal law civil liberties of dower and curtesy were eliminated in Rhode Island, an enduring partner has actually been entitled to a statutory life estate passion in any sort of real property (as may be encumbered) had by the deceased in fee simple, but based on the deceased's right to make alternate stipulations in his/her last will and testament. If a bequest or create of any kind of residential property was made under the deceased's will certainly for the advantage of the surviving spouse, the legacy or devise would prevent the life estate unless the making it through partner chose to file a waiver of the legacy or create with the probate court within 6 months of the visit of a fiduciary in the deceased's estate. If the departed had no last will and testimony and no living descendants, the enduring partner was likewise given a statutory right to seek an allocation and set-off of the property in charge to the extent of $75,000 in worth. The elective share law provides explanation that a life estate interest is readily available to any type of enduring spouse and permits a surviving spouse, regardless of whether the departed left any kind of living descendants, the alternative of receiving the value of the life estate passions and a boosted allowance and set-aside quantity of up to $150,000. Under previous regulation, if the making it through spouse was not attracted to maintaining a life estate where the deceased's successors at legislation possessed the rest interests, the enduring spouse may look for to have the real property marketed or obtain an allowance and set-off of the real estate (limited to the amount of $75,000, as described over). Now a surviving partner is allowed to get a distribution of the amount of the life estate interests, plus an allowance and set-off up to $150,000 as an optional share in lieu of the life estate passions. Exercise of the elective share right should be accomplished by requesting the probate court within 6 months of the session of a fiduciary.
For the initial variation consisting of any type of supplementary images or video clip, browse through http://www.jdsupra.com/legalnews/new-statutory-elective-share-for-survivi-17656/

Hud Releases Proposed Rule On Public Real Estate Agency Consortia

14:18, 20/7/2014 .. 0 comments .. Link
HUD Publishes Proposed Guideline on Public Real estate Company Consortia more+Installed To embed, copy and paste the code into your internet site or blog: null HUD released proposed modifications to the policy on foundeding public housing firm ("PHA") consortia on July 11 in the Federal Register (the "Suggested Policy"). A duplicate of the policy could be accessed here. PHA consortia are two or even more PHAs that accept collectively conduct public real estate, area 8, and/or grants linked with these programs. Authority to founded consortia is given under alreadying existing rules at 24 CFR Part 943. Under the proposed rule, HUD produces a new classification of consortia, a single Yearly Contributions Contract ("ACC") consortium ("single-ACC consortium") for functions of conducting the Real estate Choice Coupon (HCV) program. A single-ACC consortium would be managed as a different lawful body and solitary PHA for objectives of administering the HCV program. The Proposed Regulation would certainly allow consortia to form effective January 1 of any fiscal year, and call for that consortia exist for at least five years just before dissolving. The recommended rule includes demands for computing administrative costs, withdrawals or additions of PHAs to an existing consortia, dissolution, HCV and moneying circulation upon dissolution or withdrawal. Moving-to Job (MTW) companies can not participate in single-ACC or numerous ACC consortia, because MTW firms operate under special statutory and governing demands. HUD plans to further modify Part 943 to include single-ACC consortia for the public housing program at a future day. HUD is looking for discuss the recommended rule, particularly the calculation of management charges, drawbacks and additions to a consortium, the suggested single-ACC consortium, the 5-year term, and the January 1 consortium effective date, to name a few problems. Comments schedule September 9, 2014.
For the initial version including any sort of additional images or video clip, browse through http://www.jdsupra.com/legalnews/hud-publishes-proposed-rule-on-public-ho-98915/

New York City Ports Losing To Baltimore On Panama Canal Growth

02:07, 20/7/2014 .. 0 comments .. Link
New York Ports Losing to Baltimore on Panama Canal GrowthBy Martin Z. Braun 2014-07-17T04:00:45ZSavePhotographer: Ramin Talaie/BloombergThe Port Authority is investing another $1.3 billion to raise the Bayonne Bridge 60 feet (18.3 meters) so that bigger ships can pass under the span, which connects the New Jersey city to New York?s Staten Island. CloseThe Port Authority is investing another $1.3 billion to raise the Bayonne Bridge 60... Read MoreCloseOpenPhotographer: Ramin Talaie/BloombergThe Port Authority is investing another $1.3 billion to raise the Bayonne Bridge 60 feet (18.3 meters) so that bigger ships can pass under the span, which connects the New Jersey city to New York?s Staten Island.The Port Authority of New York & New Jersey , enveloped in a scandal over lane closings at the George Washington Bridge that?s increased scrutiny of its management, is facing a challenge to one of its core functions as it loses business to North Atlantic shipping terminals.While known mostly for its three New York City-area airports and Times Square bus terminal, the Port Authority runs the third-largest U.S. port by volume. It lost two percentage points of market share last year and is grappling with operational challenges 18 months before the expansion of the Panama Canal brings bigger container vessels to the East Coast.A committee assembled by Governors Andrew Cuomo of New York and Chris Christie of New Jersey said this month that the Port Authority may need to change its management structure. The fragile nature of its terminal operations was exposed last year when a computer malfunction at Maher Terminals LLC and a shortage of equipment to move containers led to truck gridlock and cargo bottlenecks that delayed shipments.?It was clear to us after last summer?s experience we fundamentally had to make some significant changes to the way we operated the port,? Richard Larrabee, the Port Authority?s director of Port Commerce, said in an interview.At stake for the New York City-area economy is an operation that supports almost 300,000 direct and indirect jobs. The port?s seven facilities, within an eight-hour drive of 20 percent of the U.S. population , is the gateway for $200 billion of goods annually.Raising BridgeThe Port Authority has spent more than $2.7 billion to deepen channels, build inter-modal rail facilities and widen roads around the terminals. It?s investing another $1.3 billion to raise the Bayonne Bridge 60 feet (18.3 meters) so that bigger ships can pass under the span, which connects the New Jersey city to New York?s Staten Island .Unlike other ports, those expensive capital investments aren?t subsidized by federal or state dollars. The Port Authority, which also runs four bridges, two tunnels, a railroad and the World Trade Center site , funds itself through tolls, fares, rent, surcharges on airline tickets and other fees.The bridges, tunnels and airports, which generated more than $1 billion in operating income, subsidize the agency?s money-losing operations. The Trans-Hudson commuter railroad, known as PATH, lost about $320 million last year, while its 64-year-old bus terminal lost about $97 million. The ports lost less than $1 million.Landlord PortThe Port Authority is a ?landlord port,? meaning it leases space to terminal operators and provides infrastructure necessary for operations. The agency?s 2014 budget projects its Port Commerce division will collect $166 million in fixed rent and $77.5 million in other revenue this year, about a 7 percent decline from 2013.West Coast ports, such as Los Angeles and Long Beach , are spending $5 billion in infrastructure upgrades in preparation for the Panama Canal expansion, about as much as the cost to enlarge the waterway?s lock system, according to a December 2013 report from Colliers International, a Seattle-based commercial real estate brokerage.?The Southern Californian ports see the Panama Canal as a big deal and intend to surrender nothing to the East Coast ports,? wrote K.C. Conway, U.S. chief economist for Colliers.The agency?s market share among North Atlantic terminals dropped to 50.4 percent last year from 52.4 in 2012 because of concessions, incentives and the ability of rival ports to provide deeper channels sooner, according to a June report by an industry task force.Mazda BoltsThe agency lost Mazda Motor Corp. (7261) as a customer to the Port of Baltimore last year. The loss of 65,000 cars annually follows prior moves by Hyundai Motor Co. (005380) and Kia Motors (000270) to the port of Philadelphia. Automobile activity at the New York-area ports in 2014 is projected to decline by about 100,000 vehicles, according to agency budget documents.In addition, the Port of Cleveland started a new express freight service to Europe , giving Midwestern manufacturers and producers another supply route instead of sending them by truck or rail to New York and New Jersey first, the Colliers report said.In 2013, cargo volume at New York?s ports declined 1 percent, to 5.5 million 20-foot equivalent units, the first year in the past 15 that cargo volumes didn?t grow, according to the task force .Reduced FeesTo win back auto business, the Port Authority has offered manufacturers a 50 percent reduction in fees charged for the use of wharf for each additional vehicle that moves through the port above a certain level.?We?re still in the automobile business and we very much want to grow that business again,? said Larrabee.Through April, volume is up 3.1 percent over the prior year, according to the Port Authority.Bigger ships mean terminal operators will have to load and unload ships more efficiently and improve systems to transfer the cargo to and from trucks and rail.Yet severe congestion in the summer of 2013 called into question the agency?s ability to handle large volumes of cargo.A new computerized cargo routing system installed by Maher Terminals at the port in Elizabeth, New Jersey, didn?t work properly, causing traffic backups to the New Jersey Turnpike . The problem, which spread as ships were diverted to nearby terminals, was exacerbated by a shortage of chassis, the wheeled trailers used to move shipping containers.Task Force?If we can?t handle what we have today, how are we going to handle these bigger ships down the road?? John Nardi, president of the New York Shipping Association, an industry trade group, said in an interview.In response, the Port Authority set up the task force, which was co-led by Nardi and made up of representatives from ocean carriers, terminal operators, shippers, trucking groups, retailers, railroads and labor to improve operations.The committee also took on long-standing issues such as the random timing of truck arrivals at the container terminals. Every morning, there?s a rush by motor carriers to get in line at terminals in hopes of making multiple moves, creating spikes and lows in traffic the rest of the day, said Larrabee.Monitoring TrucksOne of the task force?s 23 recommendations was for a truck-management system that would measure arrivals, reducing waiting times and allowing terminal operators to use their equipment more efficiently. Other suggestions including adopting technology to monitor truck movements and a website showing real-time information on container availability, and highway and port traffic congestion.The finances of the port commerce division should improve as charges based on cargo volume become a more significant portion of the long-term leases that the terminal operators have with the Port Authority, said Larrabee.Port Commerce receives about $26 per container that travels through the port, a $21 throughput charge and a $4.95 per fee that helps fund rail, roadway and security costs. The throughput charge increases $2 every three years and will go up next year, according to Port Authority spokesman Steve Coleman.?Over time our financial situation gets much better,? Larrabee said.To contact the reporter on this story: Martin Z. Braun in New York at mbraun6@bloomberg.netTo contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Mark Schoifet, Alan Goldstein
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2014-07-17/n-y-ports-losing-to-baltimore-as-panama-canal-expands.html

6 Developers Pitch Program For Harbour Restoration Job

13:59, 19/7/2014 .. 0 comments .. Link
null6 Developers Pitch Plans for Marina Improvement Job Marina 6pm PANAMA CITY-- Panama City Commissioners have chosen they wish to take additional time prior to they show up the Maria Improvement propositions from 6 designers. Officials claim they have a lot of components to take into consideration before deciding. Nonetheless, city commissioners released several of the details recently. Lawyer Mark Mustain claimed, 'We are merely starting. The propositions simply was available in. Everyone's just having a look at them. We are trying to obtain the process set up.'[ @@] The proposals vary from concerning $46 million as much as $305 million, however commissioners think it's cash well invested. According to authorities, the Harbour is the trick to renewing the whole Midtown location, so they would like to take their time considering their choices. 'There will be an economic return via even more taxes, via the gross invoices tax, though ad valorem taxes, even more revenues as far as utilities,' stated Nevin Zimmerman, Panama City City Legal representative. At Monday's City board meeting, authorities went over each developer's background and company record. Mayor Greg Brudnicki claimed, 'We've acquired 6 various propositions they have actually given us info concerning themselves and we simply should tighten it to who we wish to have do the project.'Every one of the blueprints consisted of some comparable sites like a brand-new municipal government, a convention facility, a hotels and resort, residential areas and car parking. The 3 lawyers, assessing the plans for commissioners, anticipate the propositions to continue advancing. 'I assume it's prematurely to state, whether there is visiting be a theater or a restaurant or what not. That is possibly exactly what's visiting appear within the next two to three months,' said Mustain. They're additionally advising commissioners work with a real estate specialist. Brudnicki said, 'We simply wish to see to it that we choose the appropriate designer, so we are going to get a property professional that's getting into the weeds with these individuals, separate the weak from the strong; figure out which the most effective general development team is then we will certainly decide what we are visiting do.'The city wishes to choose a developer by the end of September.
For the original variation including any sort of supplementary photos or video clip, see http://www.wjhg.com/home/headlines/6-Developers-Pitch-Plans-for-Marina-Renovation-Project--267100941.html

The Golden State Leaders Visit Central America Over Migration Crisis Involving Children" Cbs San Francisco

21:19, 18/7/2014 .. 0 comments .. Link

More than 57,000 children have arrived in the United States since October. Steinberg left from Sacramento International Airport on Monday morning. He is expected to meet with the President Salvador Sanchez Ceren of El Salvador, along with leaders from Guatemala and Panama. We intend to go down as fact-finders. Were not representing the federal government, certainly not negotiating, Steinberg said. Steinberg will discuss trade and immigration, including the humanitarian crisis at the U.S. border. He will also explore political, economic, and social environments on the ground. And he will look at what California can do to meet the challenges presented by then tens of thousands of unaccompanied children arriving in the United States. Of course we can make a difference. I mean, we cant do it alone. Were a state, were not the nation.
For the original version including any supplementary images or video, visit http://sanfrancisco.cbslocal.com/2014/07/14/california-leaders-head-to-central-america-over-immigration-crisis-involving-kids-illegal-immigration-undocumented-el-salvador-guatemala-panama-border-darrell-steinberg-latino-caucus/

Texas Titans reach Disney tournament championship - Alice Echo-News Journal: Sports

It was only a matter of time. The subject matter is irrelevant. Im confident there have been many other overheard conversations that have or could have turned into altercations. Further evidence that cellphones should not be permitted to be used on airplanes. Cellphones should be turned off before boarding, or at the very least, no conversations other than, Im leaving or Ive landed. And for petes sake, keep them at a low voice level. As a frequent traveler, I have been subjected to way too many loud conversations. LUCY FERRIS, PALM BEACH GARDENS Mental health course available for all Thank you to John Lantigua and the Palm Beach Post for covering the recent Mental Health First Aid read this course for deputies taught by the Alpert Jewish Family & Childrens Service. We are pleased to offer this training to PBSO officers to help them learn more about how to recognize and appropriately respond to members of the public experiencing a mental health episode. This important training is also available to other groups and members of the public who would benefit from it. To schedule a class contact Alpert Jewish Family & Childrens Service at 661-684-1991. JENNI FRUMER, WEST PALM BEACH Editors note: Jenni Frumer is executive director of Alpert Jewish Family &. Childrens Service. Whitmans standing on safety seems iffy Re: Christine Todd Whitmans op-ed, Nuclear power key to cutting carbon emissions, June 21: In New York, two days after the attacks of 9/11 spewed a massive plume of dust, smoke, soot and asbestos into the atmosphere, then-EPA Administrator Christine Todd Whitman insisted her agencys air monitoring showed that the public in these areas are not being exposed to excessive levels of asbestos or other harmful substances. A week later she announced, Given the scope of the tragedy from last week, I am glad to reassure the people of New York and Washington, D.C., that their air is safe to breathe and their water is safe to drink. The overall death toll from 9/11-related illnesses now exceeds 1,000, and the failing health of another 40,000 people is being monitored by the WTC Health Program.
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North Korean Ship Tests the Waters Near America's Shores - Forbes

Please enter your Phone Number. Send Thanks! A link has been sent. Done Broad Street Capital Group Announces Major Expansion Campaign to Meet Surging Demand for Its ExportBoost(TM) Program 13 minutes ago Done 18 Merchant Banking Offices to open in multiple countries in the next 18 Months New York, NY / ACCESSWIRE / July 14, 2014 / In order to meet the surging demand for its ExportBoost(TM) program, which has been designed to double clients exports in 18 months, and in order to better serve its existing and prospective clients, Broad Street Capital Group ("BSCG") is announcing opening of 18 US-based and International merchant banking offices in the next 18 months. In addition to its New York City headquarters, the Firms six new US offices will be located in Washington DC, Miami FL, Charleston SC, Philadelphia PA, Princeton NJ and Portsmouth NH. Such placement is designed to cement Broad Street Capitals leading position in the Eastern part of the United States and to give the Firm a platform for developing broader base of US exporters, franchisors, as well as strategic partners for its inbound foreign clients seeking to enter US markets as investors, manufacturers and executives in training. 12 International offices will be located throughout Europe (London, Budapest, Moscow, Vienna, Kyiv), Canada (Toronto) Central Asia (Almaty, Baku), Bermuda and Central America (Panama City, Bogota) and Middle East (Tel Aviv). Managing Directors at each international office will be charged with local marketing, business development, in-country ECA and partner cultivation, transaction support. About ExportBoost(TM) - Specifically developed for US manufacturers, distributors and professional service providers with revenues of between $5 and $750 million annually, ExportBoost(TM) uses proprietary methodology and tools such as: Fi3E(TM) Export Indices, XPORTINSURE(TM), FinanceABLE(TM) and EZShip(TM) that were developed by BSCGs subsidiaries to simplify export operations and mitigate international business risks. About Broad Street Capital Group ( www.broadstreetcap.com ) - Headquartered in the heart of New York Citys financial district and serving global business community since 1988, Broad Street Capital Group is a private merchant bank providing strategic international business development, cross-border financing, risk mitigation and export management services, or as they are more commonly known as - Develop, Finance, Supply & Insure.
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Letters | www.palmbeachpost.com

According to Lloyds, the Mu Du Bongs beneficial owner is the government of North Korea, but its registered owner is a company in Thailand, called Mariners Shipping and Trading Company Limited. When I phoned this companys Bangkok number, the phone was answered by someone who gave his name only as Mr. Chanvit, which is the name listed by Lloyds as the companys manager. Chanvit, who spoke good English, said that Mariners Shipping and Trading normally acts not as a ship owner, but as an agent. Asked about the Mu Du Bong and any connections with Cuba and North Korea, Chanvit declined to answer any more questions over the phone. He asked that such queries be submitted by email, which I did. There has been no response. There does appear to be a company in Thailand at the same address, with an almost identical name Mariners Shipping and Trading Company (the difference from the name given on Lloyds being the addition of an apostrophe) in which North Koreas state news agency over the past 11 years has taken a cordial interest. Is it coincidence? In 2003 and 2004, the Korean Central News Agency (KCNA) reported that Mariners Shipping and Trading in Thailand had hosted cultural events commemorating the works of Kim Il Sung.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/claudiarosett/2014/07/13/north-korean-ship-tests-the-waters-near-americas-shores/

Broad Street Capital Group Announces Major Expansion Campaign to Meet Surging Demand for Its ExportBoost(TM) Program - Yahoo Finance

The Titans, an 11U baseball team from San Diego, made it to the championship game of the Disney International Salute to Baseball tournament Saturday. The Titans fell to the California Bandits, who went unbeaten throughout the tournament, outscoring opponents 78-7. The field included teams from Ohio, Massachusetts and Illinois. International teams came from Puerto Rico, Venezuela, and Panama. The Titans won their pool to advance to the playoffs. They took down another foe from Texas, the Monsters, 6-1 to move to the semifinals. The Titans then took care of the Venezuela Panthers 3-0 to advance to the final. Wed, Jan 26, 11:30 am CST Bay Area Fellowship Alice, 3310 E. Main St., Suite C, Alice
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Seller Responded-- Making Your First Deal Instance P1

13:35, 18/7/2014 .. 0 comments .. Link
Homeowner Responded-- Making Your First Deal Instance P1 Tweet So right here is just how my initial meet with a homeowner panned out. nullI detailed exactly how I found the residential property in Searching for Your First Residential property. Lets start out with what took place after sending out a hand written real estate marketing letter to the owner of a potential investment home. nullSeller Feedback To My Letter Two weeks later on, I obtain a phone call from Sally Dallas. Sally tells us she is the daughter of Ida Mae Fuller to whom we sent a letter concerning the sale of her house. Are we still interested? We tell her yes. Sally tells us that Ida Mae is age 90 and has actually concerned live with them in another city. Ida Mae is tired of maintaining our home and is appreciating her newly found flexibility in her brand-new area 235 miles away. What would we supply? How To Speak to Sellers Step 1-- )Below is where you need to take control of the chat. You have a basic idea of the marketplace worth, but you do not intend to be the very first individual to call a cost. You inform Sally that you are not a Realtor ® and that you do not want to specify your house available for sale. As an alternative, you are an investor and wish to buy the house outright. Step 2-- )You proceed with the concern: "If we were to pay you all cash and could close swiftly, just what is the least quantity you could accept?" Sally tells us her mama wishes $80,000 and that she had done some fix-up in the kitchen just prior to she moved out. Step 3-- )We respond: "Is $80,000 the best you can do?" Sally claims she'll need to ask her mommy however her mother is away currently. "Could we recall?" We agree to recall at 5 PM that mid-day. After I hang-up, I examine just what I've achieved so far. I spotted a home that no one else also recognizes is for sale. I have actually determined that without a doubt, the home is for sale. We also note that the asking cost of $80,000 is the retail price for that area. I established that the outside of our home will certainly call for basic clean-up plus some appealing landscaping plants consisting of brilliant florals. The plant products we think about will certainly cost $500 and the clean-up effort and planting of the landscape will certainly run another $500. We had looked inside your home through the numerous glass and did not view any glaring issues. Maybe another $1000 for cleansing and careful paint would certainly make the indoor extremely nice. Buying & Investing Goal My objective is to buy your house at a price that will enable me to take care of the cosmetics and still sell it on the low side of the retail market for a quick sale. First impressions are exceptionally essential so we wish to spend the funds to make your house look quite, both from the aesthetic (curb appeal) and from within, paying particular attention to the kitchen and bathrooms. If you're a guy reading this, do on your own a favor and allow your partner select the landscape design and interior decorations. Females are the choice molds when it involves buying a house. Permit a female develop the atmosphere that an additional woman will value. Examining the numbers, if I establish my target price at $80,000 and we spend $2000 in fix-up expenses, we still have to mark down the acquisition price considerably from there in order to make a reasonable profit. We do not yet recognize just what the minimal price will certainly be so all we can do at this factor is evaluate several of our options
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The Perks Of Short Selling A Home After Personal Bankruptcy

01:11, 18/7/2014 .. 0 comments .. Link
 The Benefits Of Short Selling A Property After BankruptcyTweetWhen it comes to the big picture, a bankruptcy filing comes with its own list of benefits.  From curing deficiencies to offering debtors a fresh start, bankruptcy can raise insolvent borrowers from the murky waters of bad debt and put debtors back on the righteous path to creditworthiness.  But without a proper strategy, the road back to solvency can be long and hard.  It?s no wonder then that many savvy borrowers are opting to short sell after their bankruptcy discharge.If you?re among the thousands of debtors who?ve surrendered their homes in a recent bankruptcy, you may be wondering, what?s the point of entertaining a short sale? The bankruptcy has essentially wiped your obligation on the home, so why bother?  Let?s examine some of the numerous ways in which short selling after a bankruptcy can work to your benefit.It?s not over?Though you may be relieved to know that you?re no longer liable for the mortgage payments, it may frighten you to find out that caring for the home remains your responsibility.  That?s because, while your personal liability for the debt was eliminated, your name is affixed to the property until your lender has the property foreclosed.A short sale puts you in control!A short sale enables you to take the wheel, helping you get rid of the property much more quickly than passively waiting for your lender to foreclose.  Lenders often drag their feet on foreclosures, leaving you to hang in the balance.In the meantime you will be responsible for the home?s utilities, maintenance, HOA fees and the like.  Not to mention, remaining on the title will make it extremely difficult to qualify for new a mortgage loan anytime soon.More time at home and less time in waitFor bankruptcies that end in foreclosures, the ?seasoning? or waiting time a borrower must wait before qualifying for a new mortgage loan can range anywhere from three to seven years; while the seasoning period after a bankruptcy and short sale can be as little as twelve months!  As a side bonus, initiating a short sale can buy you additional time in your home (at no cost to you!) until the transaction is finalized.Bottom LineNo matter the type of bankruptcy, having a short sale after a bankruptcy discharge can truly be a benefit to your emotional and financial well being by making the best out of an otherwise unpleasant situation.  A short sale will expedite the recovery time and will result on a much smaller hit on your credit.  If you are considering bankruptcy, or need further guidance on whether a post-discharge short sale is right for you, consult with an experienced bankruptcy attorney to explore your options in greater detail.
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"ladybird Deed" Language Eliminated From Michigan Tax Guidelines

13:02, 17/7/2014 .. 0 comments .. Link
"Ladybird Action" Language Eliminated from Michigan Tax Standards a lot more+Embed To embed, duplicate and paste the code into your web site or blog: null Lots of people have actually become aware of a 'Ladybird Action,' yet few recognize just how Ladybird Deeds job. Essentially, this sort of action permits home to pass immediately upon a person's death without the necessity of probate, providing a simple, cost-effective method to move property. As an example, a Ladybird Act is created if you convey your home to on your own, yet reserve the power to offer, mortgage, present, or otherwise move the house throughout your life time. If you don't convey the house during your lifetime, the Ladybird Act recognizes that receives the home after you pass away. This can be one or more individuals, or it could be a trust. As a result, the Ladybird Action permits you: Avoid probate of the home Preserve the right to use and make money from the home for your lifetime Preserve the right to offer the property at any time Avoid making a present that could be based on government gift tax Up until recently, the Michigan State Tax Compensation Guidelines proposed that using a Ladybird Act would certainly spare residential real property from property tax uncapping after the fatality of the individual holding the life passion in the residential property. However, one of the most just recently published Standards from the State Tax Commission do not address this problem. The Tax Tips are only basic standards for inspectors and invalid law, however the removal of the Ladybird Action language from the magazine is worrying, as the impact of this removal and the intent of the State Tax Payment is yet to be seen. As our prior post suggest, the problems surrounding uncapping continue to be moving targets, and we will remain to monitor this concern.
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Special Warning: Cfpb Issues Advice On Supervision And Enforcement Of Mini-correspondent Lenders

00:51, 17/7/2014 .. 0 comments .. Link
Special Alert: CFPB Issues Guidance On Supervision And Enforcement Of Mini-Correspondent Lendersmore+EmbedTo embed, copy and paste the code into your website or blog:This afternoon, the CFPB issued policy guidance on supervision and enforcement considerations relevant to mortgage brokers transitioning to mini-correspondent lenders. The CFPB states that it ?has become aware of increased mortgage industry interest in the transition of mortgage brokers from their traditional roles to mini-correspondent lender roles,? and is ?concerned that some mortgage brokers may be shifting to the mini-correspondent model in the belief that, by identifying themselves as mini-correspondent lenders, they automatically alter the application of important consumer protections that apply to transactions involving mortgage brokers.?The guidance describes how the CFPB evaluates mortgage transactions involving mini-correspondent lenders and confirms who must comply with the broker compensation rules, regardless of how they may describe their business structure. In announcing the guidance, CFPB Director Richard Cordray stated that the CFPB is ?putting companies on notice that they cannot avoid those rules by calling themselves by a different name.? The CFPB is not offering an opportunity for the public to comment on the guidance. The CFPB determined that because the guidance is a non-binding policy document articulating considerations relevant to the CFPB?s exercise of existing supervisory and enforcement authority, it is exempt from the notice and comment requirements of the Administrative Procedure Act. BackgroundThe CFPB explains that generally, a correspondent lender performs the activities necessary to originate a mortgage loan?it takes and processes applications, provides required disclosures, sometimes underwrites loans and makes the final credit approval decision, closes loans in its name, funds them (often through a warehouse line of credit), and sells them to an investor. The CFPB?s focus here is on mortgage brokers who are attempting to move to the role of a correspondent lender by obtaining a warehouse line of credit and establishing relationships with a few investors. The CFPB believes that some of these transitioning brokers may appear to be the lender or creditor in each transaction, but in actuality have not transitioned to the mini-correspondent lender role and are continuing to serve effectively as mortgage brokers, i.e. they continue to facilitate brokered loan transactions between borrowers and wholesale lenders. RESPA (Regulation X) and TILA (Regulation Z) include certain rules related to broker compensation, including RESPA?s requirement that lender?s compensation to the mortgage broker be disclosed on the Good-Faith Estimate and HUD-1 Settlement Statement, and TILA?s requirements that broker compensation be included in ?points and fees? calculations, and its restrictions on broker compensation and prohibition on steering to increase compensation. Those requirements do not apply to exempt bona fide secondary-market transactions, but do apply to table-funded transactions, the difference between which depends on the ?real source of funding? and the ?real interest of the funding lender.? The CFPB states that the requirements and restrictions that RESPA and TILA and their implementing regulations impose on compensation paid to mortgage brokers do not depend on the labels that parties use in their transactions. Rather, under Regulation X, whether compensation paid by the ?investor? to the ?lender? must be disclosed depends on determinations such as whether that compensation is part of a secondary market transaction, as opposed to a ?table-funded? transaction. And under Regulation Z, whether compensation paid by the ?investor? to the ?creditor? must be included in the points-and-fees calculation and whether the ?creditor? is subject to the compensation restrictions as a mortgage broker depends on determinations such as whether the ?creditor? finances the transaction out of its own resources as opposed to relying on table-funding by the ?investor.? CFPB?s Factors For Assessing Mini-Correspondent LendersThe guidance advises lenders that in exercising its supervisory and enforcement authority under RESPA and TILA in transactions involving mini-correspondents, the CFPB considers the following questions, among others, to assess the true nature of the mortgage transaction:Beyond the mortgage transaction at issue, does the mini-correspondent still act as a mortgage broker in some transactions, and, if so, what distinguishes the mini-correspondent?s ?mortgage broker? transactions from its ?lender? transactions?How many ?investors? does the mini-correspondent have available to it to purchase loans?Is the mini-correspondent using a bona fide warehouse line of credit as the source to fund the loans that it originates?Is the warehouse line of credit provided by a third-party warehouse bank?How thorough was the process for the mini-correspondent to get approved for the warehouse line of credit?Does the mini-correspondent have more than one warehouse line of credit?Is the warehouse bank providing the line of credit one of, or affiliated with any of, the mini-correspondent?s investors that purchase loans from the mini-correspondent?If the warehouse line of credit is provided by an investor to whom the mini-correspondent will ?sell? loans to, is the warehouse line a ?captive? line (i.e., the mini-correspondent is required to sell the loans to the investor providing the warehouse line or to affiliates of the investor)?What percentage of the mini-correspondent?s total monthly originated volume is sold by the mini-correspondent to the entity providing the warehouse line of credit to the mini-correspondent, or to an investor related to the entity providing the warehouse line of credit?Does the mini-correspondent?s total warehouse line of credit capacity bear a reasonable relationship, consistent with correspondent lenders generally, to its size (i.e., its assets or net worth)?What changes has the mini-correspondent made to staff, procedures, and infrastructure to support the transition from mortgage broker to mini-correspondent?What training or guidance has the mini-correspondent received to understand the additional compliance risk associated with being the lender or creditor on a residential mortgage transaction?Which entity (mini-correspondent, warehouse lender, or investor) is performing the majority of the principal mortgage origination activities?Which entity underwrites the mortgage loan before consummation and otherwise makes the final credit decision on the loan?What percentage of the principal mortgage origination activities, such as the taking of loan applications, loan processing, and pre-consummation underwriting, is being performed by the mini-correspondent, or an independent agent of the mini-correspondent?If the majority of the principal mortgage origination activities are being performed by the investor, is there a plan in place to transition these activities to the mini-correspondent, and, if so, what conditions must be met to make this transition (e.g. number of loans, time)?The CFPB cautions that (i) the inquiries described in the guidance are not exhaustive, and that the CFPB may consider other factors relevant to the exercise of its supervisory and enforcement authorities; (ii) no single question listed in the guidance is necessarily determinative; and (iii) the facts and circumstances of the particular mortgage transaction being reviewed are relevant. 
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Letters

13:54, 15/7/2014 .. 0 comments .. Link
Posted: 4:26 p.m. Monday, July 14, 2014LettersConcrete junglenot what drew usIt is upsetting to have read recent letters on the proposed redevelopment of Panama Hattie?s. References were mostly made to the negative effect it will have on those living immediately around that site. But what about all the rest of us who may have occasion to drive in that vicinity? And how about the loss to all of us of the smidgen of Old Florida that still remains? We did not settle here to watch ugly cement cover so many sites, nor did we expect expensive condos to block off more and more pleasant vistas and obliterate happy watering spots.  Some of our elected ?servants? forget their campaign promises to serve our interests; instead they cozy up to developers who wave seductive wads of campaign cash and mouth fulsome promises of additional housing, increased real estate taxes and employment opportunities. They should be reminded constantly that their primary responsibility is to all of their constituents.It?s past time to dig in and put a stop to the escalating loss of our original chosen environment. This means, at the least, no more developer-favored alterations to existing zoning.SHERMAN GALIN, PALM BEACH GARDENSRich?s party loyaltyisn?t a vote-getterSorry, Nan. You just lost my vote. In Saturday?s Post, Nan Rich complains that Charlie Crist shouldn?t be governor because of his constant indecision, his refusal to debate her and the lack of support she has received from the Democratic Party. In the next sentence she states that as a Democrat, she will support him if he?s the party?s nominee. That is exactly what is wrong with our political system. What happened to voting for the best person for the job regardless of party?LOIS HENRION, JUPITER23 years too muchfor teen killer of dogThe United States likes to show the world that we have the fairest judicial system of all. How, then, do we justify sending a 16-year-old to jail for 23 years as an adult rather than as a youthful offender (?Teen gets 23 years for burglary, killing police dog,? Saturday)? We have seen numerous people get 15 years or less for the murder of human beings. How fair is this sentence?PATRICIA SHACHTMAN, BOYNTON BEACHWhy should Israelbe the one to stop?Article after article urges Israel to stop defending itself. What about someone urging the Palestinians to stop shooting rockets into Israel? No rockets, no defensive tactics. Seems some people want Israel to let Hamas drop rockets wherever it can. Is that how they would feel if someone did that to America?ELEANOR FRIEDMAN, JUPITERWhat if Gaza weretargeted as Israel is?Rather than trying to minimize civilian casualties in Gaza, what would result if Israel would minimize its response to Hamas? rocket attacks by sending one randomly targeted missile at Gaza for each from Gaza? Might the population not tire of Hamas? policy?ALAN LISOOK, BOYNTON BEACHJetBlue incident showsneed to ban phonesI read with interest the article about the woman who was ejected from a JetBlue flight recently. Kudos for the flight staff. It was only a matter of time. The subject matter is irrelevant. I?m confident there have been many other overheard conversations that have or could have turned into altercations. Further evidence that cellphones should not be permitted to be used on airplanes. Cellphones should be turned off before boarding, or at the very least, no conversations other than, ?I?m leaving? or ?I?ve landed.? And for pete?s sake, keep them at a low voice level. As a frequent traveler, I have been subjected to way too many loud conversations.LUCY FERRIS, PALM BEACH GARDENSMental health courseavailable for allThank you to John Lantigua and the Palm Beach Post for covering the recent Mental Health First Aid course for deputies taught by the Alpert Jewish Family & Children?s Service. We are pleased to offer this training to PBSO officers to help them learn more about how to recognize and appropriately respond to members of the public experiencing a mental health episode. This important training is also available to other groups and members of the public who would benefit from it. To schedule a class contact Alpert Jewish Family & Children?s Service at 661-684-1991.JENNI FRUMER, WEST PALM BEACHEditor?s note: Jenni Frumer is executive director of Alpert Jewish Family &. Children?s Service.Whitman?s standingon safety seems iffyRe: Christine Todd Whitman?s op-ed, ?Nuclear power key to cutting carbon emissions,? June 21: In New York, two days after the attacks of 9/11 spewed a massive plume of dust, smoke, soot and asbestos into the atmosphere, then-EPA Administrator Christine Todd Whitman insisted her agency?s air monitoring showed that the ?public in these areas are not being exposed to excessive levels of asbestos or other harmful substances.? A week later she announced, ?Given the scope of the tragedy from last week, I am glad to reassure the people of New York and Washington, D.C., that their air is safe to breathe and their water is safe to drink.?The overall death toll from 9/11-related illnesses now exceeds 1,000, and the failing health of another 40,000 people is being monitored by the WTC Health Program.You will therefore excuse me if I politely decline to take Whitman?s word on matters affecting public safety. The Columbia Journalism Review described her firm, CASEnergy as a front group for the nuclear power industry.CYNTHIA GURIN, STUART
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Pecking Order - Times Leader

08:49, 15/7/2014 .. 0 comments .. Link

Community Members Join Forces In 'Stop the Violence' Coalition

Dr. Mitchell is a clinical professor of medicine and medical oncology and program leader, gastrointestinal oncology at Jefferson Medical College in Philadelphia. She is also associate director for diversity programs and director of the Center to Eliminate Cancer Disparities for the Kimmel Cancer Center at Jefferson. Dr. Mitchell earned her medical degree from the Medical College of Virginia in Richmond, and is a retired brigadier general in the Air National Guard and has received more than 15 military service medals and ribbons. Dr. Threatte is a retired professor and chair of the department of pathology and deputy to the president for minority affairs at SUNY Upstate Medical University. He graduated from Colgate University and received his medical degree from SUNY Upstate Medical University. He completed a residency in anatomical pathology at the Western Pennsylvania Hospital in Pittsburgh, served as chief resident in clinical pathology at the University of California at San Francisco, and was a hematology fellow at the Lawrence Berkeley Laboratory. LACKAWANNA COUNTY CONVENTION & VISITORS BUREAU Susan Estler, a native of Morristown, New Jersey, has been named executive director.
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Turn2 softball squad wins national tournament - Your Houston News: Sports

It's not just our kids who need to work towards stopping the violence. Community members say a unified effort across all lines will lead people in the right direction. "My message to the youth, is as much as a message as it is to the parents, you know, I mean it starts at home, parenting," Panama City Mayor Greg Brudnicki said. "It's not the children we can teach our children the alphabets and the shapes and they're gonna get that, but it's talking to the parents," a community member said. "Take them, take them to that girls meeting they can't get there by themselves," a community member said. Some also say as the community moves forward, it's important for parents to stay involved. "The race is what we do as we move along," a community member said. Whether it's through extracurricular activities or community involvement. "Instead of shooting each other, let's go to a gym lets box, walk away and be done with it, because a lot of these guys were friends at one point," Greg Dossie of Rainbow Push Coalition said. "These organizations are trying to grow youth and leaders for tomorrow," an organizer said. And they're not stopping here. "It's like repetition keep driving it in everyone's head conflict resolution, anger management," Dossie said. And one last message to drive to our youth. "Stop the madness, stop the violence, if you stop the madness you stop the violence," Dossie said. Mayor Greg Brudnicki proclaimed July 2014 as stop the violence month.
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'The Strain': Some nasty in-flight turbulence

Additional hearings for other claims may also go to arbitration should the canal authority and the construction consortium fail to reach a settlement under two other mechanisms established in the original contract, canal officials told Reuters. Under that contract, all claims are analyzed by both sides before proceeding to a dispute adjudication board if a compromise cannot be reached. If either side is unsatisfied with the boards decision, the claim moves to arbitration in Miami. A separate claim for about $888 million for work stoppages is still being discussed between the two sides, while another worth about $497 million for the quality of aggregate used for the concrete mix is at the dispute adjudication stage, according to the canal officials. The first $180 million claim to reach arbitration, over the cost of draining an area to create work space near the Pacific locks of the 50-mile (80-km) long canal, was to begin July 21 with procedural hearings at the International Chamber of Commerce's arbitration court in Miami. Both sides will submit their terms and draft procedural orders for how things will work, said Carolyn Lamm, a lawyer with White & Case representing the construction consortium. Labor and cost disputes have plagued the effort to expand the 100-year-old canal, fanning fears of delays that could cost Panama millions of dollars in lost shipping tolls and posing a setback for companies worldwide that want to move larger ships through the waterway that links U.S. South and East Coast ports toAsian markets. Work ground to a halt in early February due to the dispute over who would bear cost overruns that boosted the projects $5.25 billion budget to nearly $7 billion. In a deal signed in March, the Panama Canal Authority and the Grupo Unido por el Canal (GUPC) consortium led by Spains Sacyr and Italy's Salini Impregilo agreed to inject $100 million to resume work. Both also agreed to extend repayment of $784 million ofadvancedpayments made by the Panama Canal Authority to the consortium until 2018 at the latest.
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Confessions Of A Former 'Sweet Valley High' Addict : NPR

Cristina Henríquez is also the author of The World In Half and Come Together and Fall Apart: A Novella and Stories. Fastpitch Association World Series in Panama City, Florida. Fastpitch Association World Series on Saturday in Panama City, Florida. The under-8 team has players from Conroe, Montgomery, The Woodlands, Willis, Houston, Huntsville, Katy and Spring. Texas Turn2 defeated a squad from Chattanooga, Tennessee, in the championship game, scoring three runs in the bottom of the sixth inning to win 18-17. Were really proud of the girls, Turn2 coach Darryl Pitcock said. They did a great job. Turn2 went 2-1 in pool play before sweeping through the double-elimination phase of the tournament. After this tournament, our record for the year is 135-3, Pitcock said. Mojo, the Tennessee squad Turn2 played in the championship game, grabbed a 17-15 lead in the top of the sixth and final inning. But Ava Brown delivered a two-run double to left-center field to tie the game with no outs in the bottom of the sixth, and she scored the winning run on Kaelyn Zusis double to left field. It was back and forth the whole game, Pitcock said. Texas Turn2s players include Brown (first base), Zusi (third base), Hailey Busshart (left-center), Isabella De Los Santos (pitcher), Tori Garcia (right field), Rylee Gilbertson (catcher), Sydney Hale (shortstop), Halle Hawkins (second base), Leah Oneto (right-center), Mia Powell (right field), Kenzie Reed (third base, catcher), Gracie Smith (left field) and RaNiyah Wiley (pitcher, left field).
For the original version including any supplementary images or video, visit http://www.yourhoustonnews.com/courier/sports/turn-softball-squad-wins-national-tournament/article_64deceb5-13af-59dc-835a-2da4dc461ce3.html

Sure, I was a little awkward, but I identified with Elizabeth because she wrote for the school newspaper; it sounded like something I might want to do one day. And I'd never been to a school dance, but I believed that Jessica and Elizabeth had a lot to teach me about them. As for being half-Panamanian, that was a fact, but it was not, for me, a definition. I was American. As American as Jessica and Elizabeth. I didn't realize there was any difference between us. hide captionCristina Henriquez is also the author of The World In Half and Come Together and Fall Apart: A Novella and Stories. Michael Lionstar Cristina Henriquez is also the author of The World In Half and Come Together and Fall Apart: A Novella and Stories. Michael Lionstar If that sounds naive, maybe it was. But it's also true.
For the original version including any supplementary images or video, visit http://www.npr.org/2014/07/13/327248188/blonde-bombshells-escaping-into-sweet-valley?ft=1&f=1008

Panama Canal cost overrun claim headed to Miami arbitration court - Yahoo News

Based on a fiction trilogy del Toro wrote with novelist Chuck Hogan (Prince of Thieves), The Strain is an extra-hot vampire potboiler, served up with the help of executive producer Carlton Cuse (Lost). The 13-episode series hits the ground fleeing. A passenger jet from Berlin is making an uneventful final approach to New York's JFK airport. But when it lands, all the lights are off, the window shades are all pulled down, and there is no sign of movement on the plane. Time to scramble the Canary project, a rapid-response team from the Centers for Disease Control headed by Dr. Ephraim Goodweather (Corey Stoll, who played the corrupt Philadelphia congressman on House of Cards). More coverage aOrange is the New Blacka cancellation hoax outrages fans Stoll and his team (Mia Maestro and Sean Astin) cannot begin to puzzle out what happened to the 210 passengers on board, or what was in that oversize carved sarcophagus in the cargo hold. But a plot summary doesn't begin to do justice to The Strain, an http://www.Puntapacificarealty.Com/ intriguing blend of medical mystery and monster thriller with a rich mythology, playing out on a high-gloss cinematic canvas. A crowded one at that, because there are a number of fascinating characters in the mix. There's a strange old Armenian concentration-camp survivor (David Bradley, whom you may remember as Hogwarts' janitor Argus Filch or as the perfidious Walder Frey on Game of Thrones). A pawnshop owner in East Harlem, he seems to know a great deal more about what just landed at JFK than any of the authorities. "Destroy the coffin," he ominously warns the CDC officials. "Do not allow it to cross the river" into Manhattan. Cue the howling wolves.
For the original version including any supplementary images or video, visit http://www.philly.com/philly/entertainment/television/20140713__The_Strain___Some_nasty_in-flight_turbulence.html



Oig Audit Slams Public Real Estate Possession Management

23:39, 14/7/2014 .. 0 comments .. Link
OIG audit criticizes public housing asset managementmore+EmbedTo embed, copy and paste the code into your website or blog:  A new HUD Office of Inspector General (OIG) audit  published last week levied intense criticism at HUD?s implementation of public housing asset management. Focusing on HUD?s methodology and monitoring of asset management and other fees and central office cost centers ? the cornerstone of HUD?s public housing asset management requirements - the OIG audit recommends the reversal of key provisions of asset management.  HUD?s public housing asset management requirements represent a heavily negotiated, but also very controversial, overhaul of the way that public housing is operated and managed. With the publication of a final rule in 2005, housing authorities were required to transition to project-based based budgeting and to use a fee allocation system to support centralized office functions. Housing authorities were required to overhaul their financial systems and reporting mechanisms in order to comply. Housing authorities have now fully transitioned to the asset management model. Compliance with the asset management requirements was compulsory, but one ?carrot? given to housing authorities to incentivize participation was the defederalization of fee income earned to support central office costs.Among the recommendations of the OIG report were for HUD to do the following:Refederalize the Operating Fund?s program management and bookkeeping fees and the Capital Fund program?s management feesEliminate asset management feesReassess management and bookkeeping fees periodicallyDevelop automated controls and written procedures to augment HUD oversightThe OIG audit?s recommendation to re-federalize these funds would be a significant departure from the representations made to housing authorities by HUD and would also significantly increase HUD?s oversight responsibilities. HUD?s response to the OIG audit (included at the back of the report) strongly disagrees with the OIG?s findings, so it will be interesting to see how HUD and the OIG work to resolve the findings, as well as its impact on housing authorities. 
For the original version including any supplementary images or video, visit http://www.jdsupra.com/legalnews/oig-audit-criticizes-public-housing-asse-30915/

Why Are So Many Property Investors Going Bankrupt?

10:30, 14/7/2014 .. 0 comments .. Link
They started investing in real estate 30 years ago? with so much hope for their future.A rental house here, a duplex there? and soon they had a rental portfolio anyone would be proud of. They actively managed their properties and worked to make sure they were operating at peak efficiency.  Several years ago both the husband and wife retired from their day jobs and eased into retirement ? funded by their rental income and social security.This year they are filing bankruptcy and losing a majority of their properties to foreclosure.This is not some made-up example? this is the story of one of my best friend?s parents, and they are not alone.  In fact, 95% of the properties I?ve purchased have been foreclosures purchased from landlords who have failed and lost their properties in a foreclosure. Most of them, I would guess, will never again get into real estate investing.  They worked hard for years to build a financial future for themselves, only to see it come tragically crashing down around them ? dashing any hopes for lasting wealth creation.This begs the question: why? If real estate is as good of an investment as we all (on BiggerPockets ) make it out to be? why do so many real estate investors fail?Perhaps more importantly: how do I avoid this possibility in my own life?This is the question that has been swimming around my mind for some time now. Each week on the BiggerPockets Podcast I ask our guest ?what is it that sets apart successful investors from those who fail??  I?m intrigued by this idea and scared that I may end up the same way. After all, as Mark Cuban famously said ?everyone is a genius in a bull market.?  Is that what real estate is? Do some people simply get lucky, and others not so? What are some of the trends that lead to this failure? and what are some trends that can minimize this risk?I thought I?d take the opportunity to hammer out my thoughts here and get your feedback as well. Definitely jump into the comments below and let?s talk.Too Much Risk?Let?s talk about the elephant in the room first: risk.Risk in inherent in every investment there is. After all, you know the phrase, ?more risk, more reward.?However, there is obviously a tipping point where the risk becomes too great, as my friend?s parents discovered. Perhaps it?s over-leveraging properties by obtaining too many ?low down? deals or maybe it?s trying to buy too many, too fast. Maybe it?s constantly refinancing the properties, pulling out all equity and investing it in more and more deals.  Whatever the reason for their bankruptcy, it?s clear that the risk became too great and they lost.As rock ?n roller Nick Cave sang, ?if you?re gonna dine with them cannibals; Sooner or later, darling, you?re gonna get eaten . . .?So how should someone prevent this?  Avoid risk altogether? Only invest in 100% safe deals?Of course not. Risk is required for entrepreneurs, but learning to navigate that risk will define your success. ( Click Here to Tweet That Quote! )Like a team of white-water rafters braving the wild waves, you can?t always see what the future will hold, where the rocks hide just below the surface, or where the next waterfall will be.  However, by having the right people in the boat with you, keeping an eye out for potential dangers, working to avoid the problem areas, and wearing the proper life-saving jacket, you can avoid a premature death.I would caution anyone reading this post, including myself, to think of risk as a dangerous, but powerful tool. Never forget that this tool cuts both ways.Not Enough EducationFar too many people jump into buying real estate before understanding what they are doing. They simply decide that real estate is the right path, and they start buying properties. There is a big difference between being busy and being effective, and this is the case with a lot of real estate investors; they believe that because they are buying properties they are going to succeed. Never mind the fact that they bought the wrong property in the wrong area with the wrong financing.  The solution to this problem is proper education.I?m not talking about the ?Get Rich Quick? late-night TV kind of education. I?m talking about taking the time needed to build an educational foundation that can support your investing future.  At BiggerPockets, our mission is to help you build this foundation through a variety of methods, like the Forums , the Podcast , the Blog , and more.Furthermore, I encourage you to continue your education through books, meetups, and other low-cost sources. You don?t need to spend tens of thousands of dollars to gain an education. Information has been democratized, so you simply need to reach out and grab it. No one can do it for you!Related: BiggerPockets Presents : The 21 Best Real Estate Books EverNot Enough Analysis?When I first began investing in real estate I thought I knew what I was doing? but I made some big mistakes because I didn?t do a careful enough analysis. Had I continued on that path, I would have been in the same boat my friend?s parents are in.You see, so many people buy properties without doing the right math. As I often say, ?without the right math going into an investment, you?ll never get the right profit coming out of it.? ( Click Here to Tweet That! )The future is impossible to know, but with a solid analysis ? it?s much easier to predict. It?s for this reason that I began to invest a lot of time and effort into building an in-depth spreadsheet that I could run all my potential deals through. Soon after, we took that spreadsheet, added a ton of new features, cleaned it up, and turned it into the BiggerPockets Property Analysis Calculators that hundreds of people are using every week to analyze their potential deals.  It?s my hope that this tool will save tens of thousands of investors from making the same mistakes that millions of others have made.No matter how you do your math, just make sure you are doing it ? and doing it right.Are You Working ON Your Business or IN Your Business?Is real estate your investment or your hobby?I believe one of the greatest reasons investors fail is because they don?t treat their business like a business.They never develop systems to help them as they grow.They treat their tenants like friends.They don?t create clear policies for finding good tenants.They simply approach their investing like a church picnic, and it shows.If you want to avoid failing, treat your business the same way a CEO would look at a business, because that is what it is. Monitor your business? health, hire the right people to do the right jobs, and continually find ways to improve your bottom line and create a longer-lasting business.Related: How to be a Landlord: Top Ten Tips for SuccessLet?s Sum UpThere are a variety of reasons that a real estate investor may fail. However, in my limited time on this planet, I?ve seen the above four mistakes played out time and time again in the lives of those who have failed in their investments. It breaks my heart to see someone so excited for what real estate could do ? only to lose it all in a foreclosure or bankruptcy.Don?t be that person.If you want to avoid losing all the hard work you are putting in (or the hard work you are about to,) pay attention to the four points in this article:Understand that risk is a powerful but dangerous tool, so tread cautiously.Build a solid educational foundation for yourself before getting in too deep.Don?t skimp on the math. Always understand the numbers for any property you buy.Work ON your business, not in it. Treat your investments like the business that it is.Questions? Comments? I hope you can add more to this discussion by sharing your thoughts below!Finally, if you enjoyed this article, I?d love if you click the buttons below and share it on your Facebook or on your Twitter. Perhaps, together, we can save others from failing in their investments.
For the original version including any supplementary images or video, visit http://www.biggerpockets.com/renewsblog/2014/07/12/real-estate-investors-fail-bankrupt/

Acquiring A Mobile Residence When The Seller Should Stay Inside

19:00, 13/7/2014 .. 0 comments .. Link
Buying A Mobile Home When The Seller Needs To Stay InsideTweetWelcome back,If you have been involved with real estate investing for more than a few months you likely have heard the famous rule to never (ever-ever-ever) allow a home seller to:remain in his or her home after closing.resell the property back to them.rent or lease the property back to them.These rules come from experience after experience of investors getting burned by home sellers that remain in their old home too long and without paying the investor. In addition these sellers may even cry-wolf to a judge and plead they were taken advantage of by the same investor that helped them and purchased their unwanted home. These sellers-turned-deadbeat-tenants now can make your life difficult for a variety of reasons.In today?s article we discuss when this ?never? rule can be bent with regards to helping mobile home sellers and purchasing investment mobile homes.This article is not only written for mobile home investors but also any mobile home buyers looking for a good used mobile home to purchase and live within themselves. The below article comes from personal experience and the experience of those investors I have help to educate.Let us start by asking a few questions.Why do some sellers desire to sell their primary residence mobile home (on private land or inside a park) and then wish to remain in this same home? Reasons such as:The sellers were in foreclosure and wanted to sell. Now they want to rent their old home back from you.The sellers were in default to the park and need to sell. Now they want to owner finance their old home back from you.The sellers cannot afford their home any longer but still love the home. They wish to sell and rent/lease their old home back from you to remain in the home.In all of these cases the home owner has proven to you and society that they cannot afford the property. No disrespect to anyone reading as almost everyone has over paid or over leveraged themselves at one point in their lives too ? me included.For all parties involved it is wise to not continue this ?living above one?s means? cycle. The mobile home sellers must leave and find a new property to call their home. A home that better suits their lifestyle and financial means will make everyone?s quality of life much happier in the long run.When can I allow home sellers to remain in their ?just sold? homes after closing?In my investing business and those of my members I have 3 criteria for this arrangement to meet:  1. The sellers have a reasonable need or desire for more time in the home before they leave.Examples of ?reasonable? reasons why a seller may need or desire more time to remain in their old homes are:nullthe sellers still need to close on their new home.the sellers need to find an apartment to rent.the sellers need to finish up packing.the sellers fear multitasking and wish to sell before they move.the sellers don?t have any money, and need to sell first to re-invest in a new home.All the reasons above are reasonable-reasons why sellers may need more time to comfortably move out of their home.2. The sellers will accept your fair purchase offer, with the condition they remain in the home for ?X? days after closing.As real estate investors one of our goals is to be a problem-solver. The more problems we solve, typically the more value we create. With regards to creating value it is often the more challenging scenarios that create us the biggest value. Value you create = Profit you create.You = Mobile Home Investor = One Stop Shop for Motivated SellersWhile you do not have to agree to allow the sellers to remain in their old home past closing in order to purchase any property, ?this concession? does give you a unique value other buyers may not have the luxury to provide. Understand that because you are not going to be living in the home you can allow the sellers to take a few days or weeks past closing to move comfortably.When sellers sell to you they are not only buying your money with their home, they are agreeing to sell to you out of convenience. Convenience in a seller?s mind equals the speed of the transaction, the ability for you to pull the trigger, the ability for you to qualify at a park, your contract experience, your professionalism, your ability to make the move as comfortable for the sellers as possible.In short realize that giving sellers this ?grace period? to leave is nearly as valuable as the cash you may be handing over at closing. Use this to help both you and the seller. Then pass these savings on to your buyer for a fast sale.3. You ?believe? the seller is honest in their desire to leave as agreed.While this is completely subjective and I have too often been fooled by lying sellers and buyers; you should have no thoughts at all that these sellers will stay in your new investment longer than agreed or make things difficult for you down the road. This is always be a gut instinct.Paperwork ProtectionAnytime we invest in a mobile home that has the seller remaining in the home and not handing over keys at closing we always sign a form called our ?Agreement After Closing?. This one page contract states important facts, such as;reason why the seller is remaining in the homefor how long the seller can remain in the homewhat condition the home must be in when they leavethe cash amount that is withheld at closing from the sellers until they deliver keys to youthe cash penalty that the sellers will incur daily should they remain in the home longer than agreed or the home is not left in the condition it should be in.This agreement is signed by all parties. It is my advice to keep this grace period under 30 days. Your goal is to help transition a seller to his/her new property headache-free and worry-free, not to be a long term crutch.Conclusion:In an ideal world everyone would think rationally and logically before making decisions and everyone would do just what they have agreed to do. Unfortunately that is not the world we live in. People lie and people are greedy. Before agreeing to allow any home owners to remain in their old property perform your due diligence, protect yourself with proper paperwork, and know your exit strategy. If you feel confused or apprehensive about a current or future home purchase/sale that you are working towards do not hesitate to reach out.Love what you do daily,John Fedro
For the original version including any supplementary images or video, visit http://www.reiclub.com/realestateblog/buying-a-mobile-home-when-the-seller-needs-to-stay-inside/

Musings & Observations / Barry Halpin - Darien Information

14:05, 13/7/2014 .. 0 comments .. Link

MLB - Minnesota's baseball legacy extends far beyond All-Star Game - ESPN

Metrodome I've raved about Stage One, a super cool 200-seat venue that is without a doubt the best place to hear live music in Connecticut, for years. There's not a bad seat in the house; they get name acts like Leon Russell , Ian Hunter , John Mayall , Dave Mason http://www.puntapacificarealty.com/panama-real-estate-rentals/ , The Subdudes, Tab Benoit, Shawn Colvin and Los Lobos , as well as up-and-coming singer-songwriters and indie and local bands. Recently, I saw two out-bloody-standing shows. Band of Heathens, from Austin, Texas, rocked the house. Real nice playing, sweet harmonies and a great cover of Creedence Clearwater Revival's "Wrote a Song for Everyone." I bought their "Sunday Morning Record" CD at the concert and have been playing it nonstop since. The Grand Slambovians, once known as Gandalf Murphy and The Slambovian Circus of Dreams, and Hammell on Trial, performed at a benefit concert for WPKN radio and Stage One. It was a magical evening of rock 'n' roll; the ghosts of rock 'n' roll past were definitely in the house that night. I'll catch The Grand Slambovians whenever I can; I first saw and fell in love with their music more than 13 years ago at the Acoustic Cafe in Black Rock. They opened with a rousing, "The Grand Slambovians," from their `The Grand Slambovians' CD, with Sharkey McEwen -lead guitar, mandolin, backing vocals -- playing some incredible mandolin. They did two sets, closing with a favorite of mine, "Flapjacks From the Sky." Joziah Longo -- lead vocals, guitar and harmonica -- has said, "Music is good for what ails ya," and The Grand Slambovians music is without a doubt just that. They're absolutely amazing live.
For the original version including any supplementary images or video, visit http://www.dariennewsonline.com/local/article/Musings-Observations-Barry-Halpin-5617162.php

Inaccess to Monitor and Optimize Panama's First Utility-Scale Solar Power Plant, Sa

Panama City Beach police found 23 year old Ryan Christopher Brooks laying in the parking lot of the front office of the club apartments on Paddock Drive with multiple gunshot wounds early Thursday morning. He later died at the hospital. Panama City Beach police say 17 year old Alyssa Watford allegedly contacted Brooks looking to buy marijuana. They say she brought 22 year old Joshua Smith and 24 year old Randy Jackson, to allegedly rob Brooks during the transaction. But authorities say Brooks also brought an ally, 25 year old Joseph Cannizzo, to rob her. As Brooks and Cannizzo, armed with guns, attempted to rob Watford, Jackson reportedly shot brooks multiple times. Jackson, Smith and Watford were all arrested from their Panama City homes with out incident. Cannizzo, who lived on Paddock Club Drive, was found at his home with his girlfriend, 26 year old Nicole Philbrooke. Police say she attempted to destroy evidence and was also arrested. Watford was taken to the Department of Juvenile Justice on conspiracy to commit armed robbery charges. Smith and Jackson are charged with first degree murder and armed robbery. Cannizzo and Philbroke face tampering with evidence charges. Cannizzo took the firearm used in the crime and gave it to 34 year old Clinton Allen. Investigators found the gun at Allen's residence.
For the original version including any supplementary images or video, visit http://www.wjhg.com/home/headlines/Suspects-in-Custody-in-Connection-with-Deadly-Shooting-266737461.html

Today in History - ABC News

Doctors pointed to Caylor's indecision over his rights as proof of his mental instability, which the court technically disputes. Caylor told the court several months ago, he wanted to fire his lawyers, terminate his appeals process and proceed with execution. But a few weeks later, he changed his mind. It's the second time Caylor has made this request. That meant the court had to evaluate if he's even competent to make that decision. That decision came Friday in a Bay County courtroom. "Bottom line, do you want this man to represent you and to continue with these post-hearing proceedings?" Prosecutor Larry Basford asked Caylor. "Absolutely, 100-percent," Caylor said. Tuesday marked six years since Caylor murdered 13-year-old Melinda Hinson in the American Quality Lodge. Friday's decision means he'll likely be on death row much longer. Under the law, Caylor is mentally competent. "He is competent, and he will be able to retain council and move forward with all proceedings," Judge Overstreet said. But in reality, doctors who evaluated Caylor's mental health say it's not that simple.
For the original version including any supplementary images or video, visit http://www.wjhg.com/home/headlines/Matthew-Caylors-Case-to-Continue-Appeals-Process-266842221.html

Matthew Caylor's Case to Continue Appeals Process

Sarigua is the country's first grid-scale solar array and is owned by La Empresa de Generacion Electricita (EGESA), Panama's primary grid operator. As Panama enriches its electricity production mix, Inaccess' insolar monitoring and control system will optimize plant performance and financial returns through a dense network of monitors, sensors and controls providing real time data, fault detection and analysis. The system will monitor performance of the plant's hardware including panels, strings, inverters and fuses as well as integrate information from Panama's grid to optimize for current or future market factors like demand and price. Panama, which is set to open its expanded Panama Canal next year, is a quickly growing market for solar taking its place as the world's value-added logistics hub. Located nine miles from the city of Chitre, Sarigua was connected to the grid in March 2014. The utility-scale plant is now providing 30 percent of the surrounding area's electricity demand - equivalent to the power used by 2,600 local homes. Greenwood Biosar, a joint venture between Greenwood Energy and Biosar, provided engineering, procurement and construction (EPC) services for Sarigua, originally a project of Enel Green Power Panama. "The sophisticated monitoring solution provided by Inaccess will make it easier to identify underperformance or malfunction at the plant, allowing operators to intervene more quickly, saving money and ensuring financial health of the installation," said Greenwood Biosar CEO, Aris Polychronopoulos. "We are proud of having contributed to a solar "first" for Panama. We are honored to support the international expansion of strategic partners like Greenwood Biosar by leveraging Inaccess' ability to tailor our monitoring solutions to address specific requirements of diverse geographic markets," said Inaccess CEO, Christos Georgopoulos. About Inaccess Inaccess provides monitoring and control solutions for renewable energy and telecom infrastructure management. We design and develop state-of-the-art products and solutions, which provide our trump ocean club partners with invaluable access to information, enabling them to maximize effectiveness of their investments through performance optimization and OPEX reduction. With headquarters in London, UK and presence in Europe, North America and Asia, Inaccess is a leading global vendor of integrated infrastructure monitoring platforms with over 1.5 GW in aggregate solar installations worldwide.
For the original version including any supplementary images or video, visit http://news.thomasnet.com/companystory/Inaccess-to-Monitor-and-Optimize-Panama-s-First-Utility-Scale-Solar-Power-Plant-Sarigua-20030027

In 1922, the Hollywood Bowl officially opened with a program called "Symphonies Under the Stars" with Alfred Hertz conducting the Los Angeles Philharmonic. In 1934, President Franklin D. Roosevelt became the first incumbent chief executive to travel through the Panama Canal. In 1937, American composer and pianist George Gershwin died at a Los Angeles hospital of a brain tumor; he was 38. In 1952, the Republican National Convention, meeting in Chicago, nominated Dwight D. Eisenhower for president and Richard M. Nixon for vice president. In 1960, the novel "To Kill a Mockingbird" by Harper Lee was first published by J.B. Lippincott and Co. In 1974, the House Judiciary Committee released volumes of evidence it had gathered in its Watergate inquiry. In 1979, the abandoned U.S. space station Skylab made a spectacular return to Earth, burning up in the atmosphere and showering debris over the Indian Ocean and Australia. In 1989, actor and director Laurence Olivier died in Steyning, West Sussex, England, at age 82. Ten years ago: Japan's largest opposition party experienced strong gains in upper house elections, while Prime Minister Junichiro Koizumi and his Liberal Democratic Party-led ruling bloc held on to a majority.
For the original version including any supplementary images or video, visit http://abcnews.go.com/US/wireStory/today-history-24516547

Suspects in Custody in Connection with Deadly Shooting

Several suspects are now in custody in connection with a deadly shooting at a Panama City Beach apartment complex. 1. Morris and Mauer might one day join Winfield and Molitor in Cooperstown to give St. Paul four Hall of Famers. Which prompts the question: How can a community produce so much baseball talent when it endures winters so cold and long that Molitor remembers having to break up ice on the ballfields? "One thing, for Minnesota in general, is I don't think players reach their potential until they get older," Mauer says. "Here, you don't play baseball 12 months out of the year -- which I think is a good thing. In any sport, I think kids can get burned out, and you might know exactly how high a kid's ceiling is. Kids in Florida and California have a lot of games under their belt, and you kind of know what you're going to get. But players up here have high ceilings, and maybe that has something to do with it." Maybe. But it doesn't explain why so many great players have come out of St. Paul, while across the river, Minneapolis has produced very few players of note. "We don't get too boastful about that," Molitor says. "I've heard a lot of different theories. How St.
For the original version including any supplementary images or video, visit http://espn.go.com/mlb/allstar14/story/_/id/11192550/mlb-minnesota-baseball-legacy-extends-far-all-star-game



The Definitive Overview Of Irr (internal Rate Of Return).

06:48, 13/7/2014 .. 0 comments .. Link
The most easily understood metric of investment return in real estate is Cash on Cash Return, usually abbreviated either CCR or COC.  The concept is rather simple ? CCR juxtaposes the cash investment that has been made to the Cash Flow (Income minus Expenses) being received.For example, let?s say you invest $100,000 cash to buy a 4-plex which generates $2,000/month of Gross Income which results in $1,200/month of Cash Flow.  Since CCR is usually thought of in terms of annual return, we must multiply all of the monthly numbers by 12.  Thus, this $100,000 4-plex is generating $14,400 of Annual Cash Flow.Now, CCR is simply the answer to the question ? if I invest $100,000 in this 4-plex, how quickly, or at what rate, would I recover my cash?Framed in this way, all we basically aim to find out is what percentage of $100,000 does $14,400 represent.  In mathematical terms, if $100,000 is 100%, then $14,400 is x ? at which point we solve for x:X (CCR) = $14,400 / $100,000 = 14.4%Thus, having paid $100,000 and received $1,200/month of Cash Flow, our achieved CCR is 14.4%.I?ll segue for just a sec, even though this doesn?t particularly have bearing on today?s discussion, but it is timely to point out that leverage obviously has the effect of improving the CCR.  For example, let?s just say that in lieu of paying $100,000 cash for this 4-plex, you instead make a down-payment of 25% ($25,000) and finance the rest.In this case, the presence of a note for $75,000 would require a monthly payment ? let?s just say $450/month.  This extra expense would have the effect of lowering your Cash Flow from $1,200/month to $750, or $9,000 per annum.  But, what does this look like in terms of the CCR?Well ? the thing to remember is that while the cost of your investment is still $100,000, the actual cash investment to you is only $25,000 in this case.  Thus, what percentage of $25,000 is $9,000?CCR = $9,000 / $25,000 = 36%Infinity ROIIndeed ? the less money you have in the deal, the higher the Cash on Cash Return.And if we follow this path of thought far enough, we would realize that any return on investment of $0, no matter how small, is actually infinity ROI.  Yes ? it?s true; if you managed to purchase this 4-plex with 100% financing, without putting any money into the deal, then even if you were only earning $100/month of cash flow, it is still a return on investment of zero ? infinity.This is the neighborhood where I?ve lived for the past decade and how I?ve bought everything that I own.Having said this, I must warn you to please not go out and buy a fully financed 4-plex if the extent of your cash flow will be $100; doing so will put you one leaky faucet away from not having the money to keep afloat.  However, it is indeed possible to buy with no money down and this represents the single greatest advantage of real estate as an investment vehicle.  But I?ve strayed, so let?s get to the IRR?Limitations of CCR Which Are Corrected With IRRnullCCR has some inherent to it limitations which render it inaccurate for the very sophisticated investors.  When very sophisticated investors evaluate investment opportunities, they must assign value to things like time value of money and opportunity cast, not to mention that any movement of cash in or out of the transaction significantly impacts the returns, this can not be addressed by simply considering the IRR.  Let?s talk about these one at a time:Time Value of MoneyTime Value of money is simply the reality that money is more valuable today than at any time in the future.Related: Apartment Building Investment and the Time Value of MoneyThere are many economic reasons for why this is true, but it all comes down to the concept of buying power and erosion thereof over time due to inflation of the currency supply and the resulting price inflation.  Currency held today does indeed store more buying power that it will in the future ? this statement is almost always true.With this in mind, the sophisticated investors have to price this erosion of value into their return.  Let?s say that over a set period of time a given investment produces Cash on Cash Return of 12%.But, in the same period the inflation clocks in at 3%.  On the day the money was vested, it had buying power equal to 100%, but on the day the return was dispersed the buying power is only 97%.  This has to be accounted for, and the IRR formula does exactly that, while CCR does not.Opportunity CostAs they say, there?s a right place and the right time to do everything.So, if you invest the money now and lock it in for a set period of time, what other, and perhaps better, opportunities might come along that you will not be able to take action upon because your money is locked in??For sophisticated investors this is an ongoing problem.  For example, I bring to them my syndicated apartment building.  It looks good today, but what if someone else brings them a deal tomorrow that?s better?  What is the premium ROI that they expect to receive with me today in order to be willing to tie-up funds for a period of time??IRR formula addresses this as well.Movement of MoneyFinally, having weighted the opportunity for time value of money and the opportunity cost, IRR also is able to track movement of cash in and out of investment by tagging each movement with a date.For instance, having purchased an asset, you might receive cash flow for two years, and then you might choose to refinance the building, which would constitute a large waterfall event.Later, however, you realize that you were too aggressive on your refinance, leaving your DSCR too low, which result in your cash flow being unable to support the CapEx.  Now you have to dip into your pocket to pay for the repairs, which naturally adversely impacts your IRR.Once this happens, you decide to sell the building.  And, since there are so many idiots chasing yield in the marketplace, you actually manage to sell a money-loosing asset at a profit ? so you add that profit into the IRR.ConclusionThe formula for IRR is rather complex, and I?ll let the mathematicians worry about why it works and how.  I simply use an excel spreadsheet to line-up and time-tag all of the in-flows and out-flows, and the formula calculates the return.Perhaps some visuals or even a little video would be useful here.  But, I?m busy ? may be next time.  I?ll simply tell you that to an individual investor buying long-term hold a 10% ? 12% IRR might be quite respectable.  In terms of syndications, however, we shoot for mid-teens to make opportunities attractive to the partners.That?s hard to find indeed!What metric of real estate investing do you find most difficult to understand?Be sure to leave your comments below!
For the original version including any supplementary images or video, visit http://www.biggerpockets.com/renewsblog/2014/07/08/irr-use/

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