“Testimonies presented before the Special Committee in the form of videos, and oral and written submissions showed that in many cases the Israeli security forces have used disproportionate force, in some instances leading to possible extra-judicial executions,” the Special Committee said. A United Nations human rights committee headed by Sri Lanka’s Permanent Representative to the UN in New York, Israeli security forces have used disproportionate force, in some instances leading to possible extra-judicial executions in the Occupied Palestinian Territories.The committee headed by Amrith Rohan Perera completed its annual evaluation of the situation affecting millions of people living in the Occupied Palestinian Territories, during which representations were made by civil society organizations, UN representatives and Palestinian officials on a wide range of issues affecting the Palestinian and Syrian people in territories occupied by Israel. A related concern presented before the Committee is the lack of “systematic investigation into cases of apparent excessive use of force by Israeli security forces.” The Committee said that the importance of fully investigating all incidents where security forces have allegedly caused death or injury, and of holding those responsible to account was underscored.The Committee noted that against this backdrop, and the lack of progress made on accountability in relation to the 2014 Gaza escalation, fears were expressed about what was described as “the faulty justice system” in Israel, and the dilemma faced by some non-governmental organizations on whether to approach the existing Israeli justice system, civil or military, for redress.“Fears were also expressed that the separation of power between the judiciary and the executive was increasingly narrowing, potentially affecting the independence of the judiciary and the decisions of the courts in Israel,” the Committee said. The UN Special Committee to Investigate Israeli Practices Affecting the Human Rights of the Palestinian People and Other Arabs of the Occupied Territories said in a press release that during its annual fact-finding visit to Amman, Jordan – which this year took place from 2 to 5 May 2016 – a large number of civil society organizations made representations about the escalation of violence that began in October 2015 in the West Bank, including East Jerusalem, in which several Palestinians were killed during or after attacks on Israeli civilians or members of the security forces. The Special Committee is composed of three Member States: Sri Lanka (Chair), Malaysia and Senegal. This year the Member States are represented by Amrith Rohan Perera, Permanent Representative of Sri Lanka to the UN in New York; Ramlan bin Ibrahim, Permanent Representative of Malaysia to the UN in New York; and Mame Baba Cisse, Permanent Representative, Permanent Mission of Senegal to the UN in Geneva. (Colombo Gazette)
UN committee led by Lankan envoy finds Israeli security forces used force
UN antiterrorism panel agrees on threepoint action plan
In an open briefing, which also saw the participation of representatives of nearly 30 countries, Ambassador Jeremy Greenstock of the United Kingdom told the Council that the CTC had discussed the challenge set by foreign ministers in a Declaration adopted after the Council’s 20 January discussion on terrorism and had agreed on a set of actions.He noted that those actions concentrate on three areas: working with Member States to raise their capacity to defeat terrorism in their country; promoting assistance programmes to accelerate the capacity-building process; and creating a global network of international and regional organizations.The foreign ministers’ declaration called for all countries to take urgent action to prevent and suppress all active and passive support to terrorism, and to comply fully with Council resolutions dealing with the scourge.Ambassador Greenstock said the special meeting of the Committee on 7 March will help take forward that global effort, as the CTC will continue to encourage States to become party as soon as possible to the international conventions and protocols relating to terrorism. The Committee also will remain aware of the links between its work and Member States’ obligations under international law, including international human rights and humanitarian law.The Chairman said the CTC would write to the International Atomic Energy Agency (IAEA) and the Organization for the Prohibition of Chemical Weapons to invite them to brief the Committee on activities related to counter-terrorism.The Committee will also maintain and update a list of contact points in regional and subregional organizations to facilitate information-sharing and cooperation, as well as explore with regional organizations ways in which it could assist them to develop initiatives to further practical cooperation among the members.In related news, UN Secretary-General Kofi Annan today issued a report to the Security Council summarizing the proposals made at that 20 January ministerial-level meeting. Video of CTC Chairman’s opening statement
Made in Japan Godzilla is stomping back first in decade following hit
This photo taken from a scene of the 1954 film “Godzilla” and provided by Toho Co., shows Godzilla. Godzilla is stomping back. And this time, it’s Made in Japan, like the original. The announcement this week from Japanese film studio Toho comes after the success earlier this year of the Hollywood Godzilla, directed by Gareth Edwards, which grossed more than $500 million worldwide. Toho said in 2004 it had made its last Godzilla film, the 28th in the series centered on the irradiated monster, which first stomped into the world in 1954. (AP Photo/Toho Co., Ltd.) EDITORIAL USE ONLY, NO SALES by Yuri Kageyama, The Associated Press Posted Dec 7, 2014 10:15 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Made in Japan Godzilla is stomping back, first in decade, following hit Hollywood Godzilla TOKYO – Godzilla is stomping back. And this time, it’s Made in Japan, like the original.The announcement this week from Japanese film studio Toho comes after the success earlier this year of the Hollywood Godzilla, directed by Gareth Edwards, which grossed more than $500 million worldwide.Toho said in 2004 it had made its last Godzilla film, the 28th in the series centred on the irradiated monster, which first stomped into the world in 1954.Over the years, Godzilla movies fell out of favour even among Japanese fans.But the latest Hollywood Godzilla, complete with spikes down its back and a terrifying roar, received relatively favourable reviews in Japan, unlike the 1998 Hollywood Godzilla, directed by Roland Emmerich, which purist fans hated.Toho said recent innovations in computer-graphics technology were behind its decision to revive Godzilla.The Toho Godzilla is set for release in 2016, before Edwards releases his sequel for Legendary Pictures and Warner Brothers in 2018.Toho has not yet picked a director for the upcoming reboot.The Tokyo-based company, which owns the rights for Godzilla, declined to say whether it would bring back the man-in-a-rubber suit behind the original Godzilla or rely on computer graphics — or have both.Japanese movies such as Toho’s latest, “Parasyte,” about alien creatures taking over human bodies, utilize sophisticated computer-graphics technology although it may be hard for Toho to match Hollywood’s dazzle.The widely praised original black-and-white “Godzilla” was directed by Ishiro Honda.Other directors took over for the subsequent Japanese works, which at times became absurdly comical, featuring battles with manga-like, or cartoonish, monsters.Godzilla, or “gojira,” as the Japanese say it — a combination of the words for “whale” and “gorilla” — was a mutation that emerged from the Pacific because of nuclear testing.The giant reptilian creature has crushed just about every famous building in Japan including Tokyo Tower and the Parliament building.Japan, the only nation in the world to suffer atomic bombings, has a soft spot for the fire-breathing creature as representing the suffering unleashed by nuclear weapons.___Yuri Kageyama on Twitter: https://twitter.com/yurikageyama
UK CV market continues to outpace Europe
Figures released this week by the European Automobile Manufacturers Association (ACEA) show that that the UK commercial vehicle market is continuing to grow at a greater rate than the majority of Europe. While overall registrations in the EU grew 8.0% in the first two months of 2015, many markets were unable to keep pace with British CV demand, which over the same period increased by 21.9%.The UK’s strong performance was driven by consistently high van trade, which grew by 20.2% in January and February – more than double the 8.6% growth seen in the rest of Europe. The British truck market has also seen a return to form so far in 2015, up 35.3% compared to 4.4% in the EU.This reflects a wider trend: with confidence returning to UK businesses in 2014, UK commercial vehicle registrations grew 11.0% last year, outpacing Europe by 3.6 percentage points (7.4%).The UK’s burgeoning CV market highlights the importance of a leading trade show in the country. The CV Show is one of the largest commercial vehicle exhibitions in the UK with manufacturers, bodybuilders and suppliers all coming together under one roof. Held at the NEC Birmingham, the CV Show runs from 14 – 16 Birmingham. To find out more and claim your free tickets, visit the CV Show website [link].Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)
Bis contract extension at Whitehavens Gunnedah coal ops
Leading mining services company Bis has been awarded a contract extension to provide haulage services for Whitehaven Coal’s Tarrawonga and Rocglen coal mines in New South Wales.The three-year extension will see Bis deliver an innovative haulage solution through a new fleet of enhanced prime movers to support the Gunnedah operations. The bespoke haulage solution provides greater payload capacity while reducing the number of prime movers, delivering cost efficiencies and benefits to Whitehaven Coal.The new combinations provide benefits to the local community, including a reduction in one way trips by 36%, or approximately 48,000 fewer trips per annum when compared to the current fleet. This will reduce vehicle emissions, and contribute to improved local road safety and amenity.“Bis has provided a range of haulage solutions, underground equipment hire and site services to support Whitehaven’s operations for the past five years. Bis is also an active and committed member of the local community, providing support to many organisations in the region. This includes a partnership with the Girls Academy in Gunnedah, who provide in-school programs for Aboriginal and Torres Strait Islander girls.”Commenting on Bis’ contract extension award, Whitehaven Coal’s Chief Operating Officer Jaimie Frankcombe said today’s announcement is good for Bis, good for Whitehaven and good for the local community.“This is a great example of two genuinely committed, locally-based companies, continuing a strong commercial partnership that entails real and ongoing benefits for the local area.”“While this obviously represents a more efficient and sustainable haulage solution which will mean fewer trucks on local roads, we have also been very appreciative of the strong support Bis has shown for important local initiatives such as the Girls’ Academy”, Frankcombe said.Bis’ Chief Operating Officer Michael Porter said “I am delighted to announce the continuation of our strong relationship with Whitehaven. We are proud to have been part of the Gunnedah operations since February 2014, working in collaboration with the Whitehaven team to deliver value through innovative solutions.”“Bis continues to create smarter solutions that drive efficiencies for our customers, as well as benefit the local communities. We look forward to continuing to deliver at Gunnedah and strengthening our successful partnership with Whitehaven Coal.”Bis was also recently awarded a contract extension to provide load and haul services for Glencore Australia at the Newlands Coal Mine, in Queensland’s Bowen Basin. Last month Bis launched an innovative haulage vehicle named Rexx, which can travel four times further than traditional dump trucks. Rexx will deliver significant cost efficiencies to miners through Bis’ service delivery model.
Certaines techniques anticellulite bientôt interdites
Certaines techniques anti-cellulite bientôt interditesLa lipolyse, une technique non-chirurgicale destinée à détruire la cellulite et les cellules graisseuses sera bientôt interdite. Les médecins ont alerté que cette alternative à la liposuccion pouvait conduire à de graves séquelles.”Effacez vos bourrelets disgracieux grâce à la lipolyse”. Si l’offre parait attrayante, il semblerait que la technique ne soit pas sans risque. En fin de semaine dernière, la Haute autorité de santé (HAS) a rendu public un avis faisant état de complications sévères identifiées chez plusieurs patients ayant bénéficié de lipolyse. Aujourd’hui proposée par de multiples centres d’amincissement, cette technique non chirurgicale est présentée comme une alternative à la liposuccion, plus invasive et onéreuse. Elle consiste à injecter sous la peau différents produits tels qu’une solution hypo-osmolaire, afin de provoquer la destruction des cellules graisseuses par rupture ou solubilisation de la membrane cellulaire. Mais bien que la technique ait montré son efficacité, les médecins ont décidé de tirer la sonnette d’alarme.À lire aussiGraisse corporelle : des stratégies d’équilibre chez les mammifèresEn effet, ceux-ci pointent du doigt le fait que la lipolyse ne permet pas une destruction complète des cellules, contrairement à la liposuccion. L’organisme doit donc faire face aux débris cellulaires issus de la destruction partielle et trouver un moyen de les éliminer. Ce sont alors les organes tels que les reins et le foie qui vont être sollicités, comme l’a expliqué à l’AFP un chirurgien esthétique. Parmi les séquelles, la HAS a notamment fait état pour 23 patients de nécroses cutanées, hématomes, lésions sous-cutanées, ulcérations et thromboses. Des complications qui ont nécessité chez 10 des patients des interventions chirurgicales. Ainsi, la HAS a souligné que “la question de la sécurité est la seule à considérer”, cette technique n’étant pas utilisée pour traiter une maladie mais uniquement à des fins esthétiques. Par ailleurs, la lipolyse par injection n’est pas la seule à “bénéficier de l’engouement pour les actes à visée esthétique qui sont présentés au grand public comme des traitements moins invasifs et moins onéreux que la chirurgie esthétique”, selon la HAS citée par l’AFP. Reposant sur des protocoles non validés, d’autres techniques devraient donc aussi être interdites d’ici peu “en raison de la suspicion de danger grave”. Ceci inclut notamment les lipolyses ou lipodissolutions par ultrasons focalisés, radiofréquence et laser. Dimanche, le ministère de la Santé a indiqué que le décret d’interdiction devrait être publié dans les prochains jours.Le 11 avril 2011 à 11:57 • Emmanuel Perrin
Suspect in mall shooting charged with murder
MOUNT VERNON — The man accused of killing five people at Macy’s store in a Washington state shopping mall before leading authorities on a nearly 24-hour manhunt was charged Monday with five counts of first-degree murder.Arcan Cetin, 20, made a brief appearance in Skagit County District Court and his bail was set at $2 million. Court documents released before the hearing said Cetin confessed to the slayings after his arrest, telling detectives who interviewed him that “he did bring the rifle into Macy’s and shot all 5 victims.” Cetin was arrested Saturday, a day after the gunman opened fire in the department store’s cosmetics department Friday night, killing a man, a teenage girl and three women.His stepfather said after Monday’s court appearance that Cetin had unspecified mental health problems. “The only thing that we want to say at this time is that we both are totally devastated by what happened,” said David Marshall, who attended the hearing with Cetin’s mother.
Osakas Kansai Airport to break flight records in upcoming summer season
Japan to conduct nationwide prefectural survey to confirm IR intentions Load More RelatedPosts Huawei Japan joins Kansai Economic Federation with eye on World Expo 2025 and Osaka IR Osaka approves Yumeshima site for commercial development in latest IR move There seems to be no end to the current boom in inbound visitors to Japan.NHK reported on Sunday that international flights arriving at Kansai airport will reach record levels during this year’s summer peak, with routes to and from the US, Europe and China to exceed 1,500 flights a week in August. According to the flight schedule for 31 March to 26 October 2019 published by the operating company of Kansai Airport, regularly scheduled international flights during August are forecast at 1,403 a week and cargo at 145 routes, bringing the total to 1,548.This represents an increase of 166 flights per week over the previous year.The reason for the increase is increased routes to the UK and the United States with British Airways operating four direct flights to London for the first time in 20 years, and Delta running seven flights to Seattle a week for the first time in six years.Further, it is forecast that there will be an additional 107 flights over the same period last year due to flights connecting to China’s mainland.Kansai airport commented, “Kansai is an attractive tourist destination for foreign travelers. We intend to enhance our network and improve the attraction of using our airport to visit Japan.”
Pokemon card sells for 60000 gets lost in the mail
Culture Gaming Mewtwo adorns the rare Trainer No. 3 card. The Pokemon Company The Pokemon Trading Card Game has had a devoted fanbase ever since it was introduced to the world in 1996, so it’ll come as no surprise that rare cards can sell for lots of dollars. For instance, one player in New York last year purchased a Pokemon card for $60,000. That was almost a year ago but he still hasn’t received it.The card was lost in the mail.”Recently one of the most valuable cards in the hobby was lost or stolen in the mail,” explains YouTuber smpratte, a trading card aficionado, in a video Tuesday. “Both buyer and seller, I know both of them very well, they did everything they could to make this as above board and legitimate as possible.”The card in question is Trainer No. 3. It was given out to the third-place finalist at Super Secret Battle, a Japanese Pokemon card game tournament in 1999 — around the time Pokemon Gold and Silver were hitting Game Boys. The card is valuable because you can’t get it by buying a million Pokemon card booster packs. The only way to get it is to place third in 1999’s Super Secret Battle. Or pay $60,000 for it on eBay.The card in question. The Pokemon Company The card was sold in August 2018 and insured for $50,000. According to smpratte, it was then shipped to New York — and then what happens next is anyone else’s guess. The YouTuber theorizes that someone at the US Postal Service, seeing how much the package was insured for, swiped it.”Either you have absolute negligence and incompetence of the packages lost, or you have the other side [an] absolute lowlife scumbag who decided to steal this package.” The US Postal Service did not immediately respond to a request for comment.The buyer is offering $1,000 to anyone who can help locate the card, and has opened up an investigation into the matter.Pokemon cards selling for such a princely sum is rare, but not unheard of. An Illustrator Pikachu card was bought for $54,970 and, according to smpratte, a first-edition box set of cards sold for $78,000. It’s not just a Pokemon thing: A Yu-Gi-Oh! card was put on sale in Japan last year for $400,000. 15 Tags Comments Share your voice
CAG raps Arunachal for failing to implement midday meal scheme
The Comptroller and Auditor General of India (CAG) has criticised the Arunachal Pradesh education department for its failure in successful implementation of the Mid-Day Meal (MDM) scheme in the state.The Centre had launched the scheme in August 1995 to boost universalisation of primary education by increasing enrolment, retention and attendance and simultaneously improving nutritional status of primary schoolchildren.The CAG report, which was tabled in the state Assembly on Tuesday by Chief Minister Nabam Tuki, attributed inadequate financial management, short-lifting of food grain, delay in release of funds, inadequate infrastructural facilities and lack of monitoring as the reasons for failure of the scheme.The CAG highlighted that no household surveys were conducted to identify the total number of children enrolled at the primary stage and no attempts were made to encourage high-level of enrolment through publicity.The report stated that in 2010-11, against the Centre’s allocation of 6,687.66 MT of grains for primary and upper primary levels, the department lifted only 5,928.37 MT and during 2013-14, against an allocation of 6,625.01 MT, only 6,598.95 MT was lifted leading to short-lifting of 785.35 MT of food grain.
Aerobics daily keeps heart healthy
Aerobic exercises such as brisk walking, running, jogging or swimming is likely to restore the cardiac protein quality control system in heart failure, suggests a research conducted on rats.Heart failure is a common end-point for many cardiovascular diseases. This syndrome is characterised by reduced cardiac output that leads to dyspnea, exercise intolerance and later death. Despite heart failure seems to be a multi-factorial syndrome, a common point observed by several studies was the accumulation of ‘bad’ (or misfolded) proteins in cardiac cells of both humans and animals with heart failure, the researchers said. Proteins are like workers responsible for many chemical reactions required in keeping our cells healthy. Proteins are constituted by a sequence of amino acids that determines the protein ‘shape’ (structure), which is critical for proteins to function. Also Read – ‘Playing Jojo was emotionally exhausting’“During the evolution process, our cells developed a protein quality control system that refolds or degrades misfolded proteins, allowing them to keep only the ‘good’ proteins,” said Luiz H. M. Bozi from University of Sao Paulo in Brazil. The findings showed that misfolded protein accumulation in a rat model of heart failure was related to disruption of the cardiac protein quality control system. No pharmacology therapy targeting the protein quality control system. Further, aerobic exercise training was found to restore the cardiac protein quality control system, which was related to reduce misfolded protein accumulation. Aerobic exercise training also improved cardiac function in heart failure animals, said the paper published in Journal of Cellular and Molecular Medicine. More than 20 million persons worldwide are estimated to have heart failure and this situation will get worse since the prevalence of heart failure will rise as the mean age of the population increases, the researchers concluded.
Correction UkraineArtillery Duels story
Arizona families, Arizona farms: providing the local community with responsibly produced dairy DONETSK, Ukraine (AP) — In a story June 15 about artillery duels in eastern Ukraine, The Associated Press reported erroneously that a rebel salvo hit a checkpoint, killing a rebel fighter. The shelling was apparent Ukrainian government fire.A corrected version of the story is below:Ukraine’s artillery duels again take toll on civiliansArtillery duels in Ukraine war once again taking their toll on civilian lives Ukraine’s army has always denied it aims artillery at residential areas. The sheer scale of destruction across areas of Donetsk and other rebel towns and cities have strained that official line beyond breaking point.On-site investigations by observers from the Organization for Security and Cooperation in Europe, which is ostensibly charged with monitoring the cease-fire, have also suggested shells have been aimed from government positions.Last week, an AP reporter traveled in the afternoon to a Ukrainian government artillery position in an open field several kilometers from Pisky, a village just west of Donetsk.Pisky has long been a headache for the separatist fighters and residents of Donetsk alike, because it has been a launching pad for much Ukrainian shelling. Accordingly, it has been on the receiving end of much artillery lobbed by rebel forces.Around an hour-and-a-half after sunset, from the fields outside Pisky, AP observed what appeared to be incoming fire from rebel areas. Within an hour, a Ukrainian artillery position in the distance was observed undertaking what appeared to be a return salvo.Heavy artillery has tended to be so imprecise that its use, particularly when aimed at residential areas, has come under critical scrutiny. Its only immediately obvious effect is to as act a deterrent — terrifying the opponent into desisting from taking position and initiating any fresh attacks. The apparent Ukrainian artillery salvo last week hit a checkpoint, killing a rebel fighter and wounding at least two others. More often than not, the shells are less precise and slam into homes, shops or a public building, killing or wounding civilians.Rebels say they are fighting to push back Ukrainian forces from their main city and keep them as far away from the civilian population as possible. Ukrainian officials say separatists are looking to provoke a new round of full-blown war.What AP reporters have been able to observe looks like hit-and-run strikes by rebel forces, often carried out from inside residential zones. Some Donetsk inhabitants are willing to confirm as much.“There is outgoing fire and then, after a while there is incoming shelling. This has been going on for a year,” said Valentina Barkova, as she cleared away debris from a strike on an apartment block neighboring her own over the weekend.Tensions are at a breaking point for residents. On Monday, a spontaneous rally broke out demanding an end to the war. Some locals are calling for a big push to thwart the Ukrainian army, but many allied to the insurgents are also calling on them to pull their weapons out of residential areas. Check your body, save your life Ex-FBI agent details raid on Phoenix body donation facility New Valley school lets students pick career-path academies Rebel commanders insist that they have no heavy weapons on the front, despite evidence to the contrary.“There are no such weapons here. We pulled them back. We use small arms and that’s that. We are not violating the (peace) agreements even in the slightest way,” said the head of the rebel unit at a front line position near the remains of Donetsk airport. The commander identified himself only by the nom de guerre Petrovich.Separatist spokesman Eduard Basurin said Friday that two civilians had been killed as a result of Ukrainian shelling the previous day.“During the violation of the cease-fire regime by Ukrainian forces, there were 11 casualties, among them two men killed in (Donetsk’s) Kuibyshev district,” he said.One of the men killed Thursday was sitting outside drinking when the shell struck, his friend told The Associated Press. The shell tore into a dusty side-road by a rusting kiosk, and the shockwaves blew the man off his feet into a nearby fence.Only meters (yards) away, the recently left tracks of heavy armor were still visible, although the vehicle had long gone. In the intense early summer sun, track-marks often remain impressed in softened asphalt as evidence the tanks have been there. Get a lawn your neighbor will be jealous of DONETSK, Ukraine (AP) — Crackling forth over radio, the voice ordered tanks to take position in a residential area in Donetsk, the stronghold of separatist rebels in east Ukraine.The rebel armored vehicles trundled to their destination accompanied by a reinforced minivan carrying infantrymen to provide cover. Minutes later, the shells blasted toward government positions. Out of ammunition, the tanks left the scene. Later the same morning, artillery flew in the opposite direction — this time seemingly from Ukrainian troops, hitting a severely damaged area still inhabited by hundreds of families.Artillery duels like this one have been a dominant feature of Ukraine’s conflict, which the United Nations estimates has claimed at least 6,454 lives among both combatants and civilians. After months of relative tranquility ushered in by an internationally brokered armistice in February, civilian deaths are again becoming commonplace amid the stepped-up heavy weapons fighting.UNICEF, the United Nations children’s agency, said that at least 68 children have been killed in the conflict — many by artillery. UNICEF said some children were injured by heavy weaponry as recently as last week, when heavy fighting erupted in Donetsk suburb of Marinka. The shells that hit the rebel-held city of Horlivka on Thursday left at least three dead, according to separatist officials.“The shelling started all of a sudden, so we began to escape. When we ran outside, we saw a house burning,” said Dmitry Nosov, holding his son Misha in his arms. “Here is a child that suffers from all this. How is it that this is our fault?”___Associated Press reporter Evgeniy Maloletka contributed to this report from near Donetsk, Ukraine.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Here’s how to repair and patch damaged drywall Sponsored Stories 0 Comments Share A woman cries as she holds her baby, near to her house damaged by shelling, in Horlivka, eastern Ukraine, Thursday, June 11, 2015. At least four people including a child were killed by shelling in east Ukraine on Thursday. (AP Photo/Mstyslav Chernov)n Milstead says best way to stop wrong-way incidents is driving sober Top Stories
Household Net Worth Growth Slows in Second Quarter
Share Household net worth improved $1.3 trillion in the second quarter–half as fast as the first quarter–as real estate values grew $626.7 billion, the Federal Reserve reported Wednesday in its quarterly “”Flow of Funds””:http://www.federalreserve.gov/releases/Z1/20130925/ report. [IMAGE]But, with a drop in mortgage debt–including home equity loans and lines of credit–from $9.39 trillion in the first quarter to $9.34 billion in the second–homeowner equity grew to 49.8 percent in the second quarter from 48.1 percent in the first.Household investment in the stock market grew $265 billion in the second quarter compared with $929 billion in the first, when overall net worth grew $2.8 trillion.Owners’ equity as a percentage of real estate value has been on a steady upward trajectory since dropping to 36.3 [COLUMN_BREAK]percent in the first quarter of 2009. It rose to 45.4 percent at the end of 2012 and to 48.1 percent one quarter later. The 2.7 percentage point increase in the first quarter of this year is the fastest quarterly growth this century. Even with the increase, though, the equity percentage remains sharply lower than 57.7 percent in 2000.After falling $223 billion in the first quarter, disposable personal income grew $98.6 billion in the second. The first quarter drop reflected the rollback of the cut in payroll taxes, which ended January 1. With the increase, second quarter disposable personal income–essentially after-tax income–was $12.39 trillion, about $130 billion less than the record $12.52 trillion in the fourth quarter last year. Consumer borrowing (non-real estate debt) grew $41.7 billion in the second quarter after increasing just $104 million in the first. Residential mortgage debt fell $41.8 billion in the second quarter after dropping $49.7 billion in the first. Residential mortgage debt has dropped for 21 consecutive quarters from a peak of $10.67 trillion in the first quarter of 2008.All in, household assets grew $1.3 trillion in the second quarter–compared with $2.8 trillion in the first–to $88.4 trillion. _Hear Mark Lieberman on P.O.T.U.S Radio (Sirius-XM 124), Friday at 6:20 a.m. Eastern and follow him on Twitter at @foxeconomics._ September 25, 2013 429 Views Fed,Household Net Worth Growth Slows in Second Quarter Agents & Brokers Attorneys & Title Companies Consumer spending Federal Reserve First-Lien Mortgages Home Values Investment Investors Lenders & Servicers Mortgage Debt Personal income Processing Service Providers Valuation 2013-09-25 Mark Lieberman in Data, Government, Origination, Secondary Market, Servicing
Bondholders chairman to stand for president
Chairman of the Bondholders Association Fivos Mavrovouniotis will stand as an independent presidential candidate in the 2018 elections.The decision was announced at an extraordinary general meeting of the association on Sunday night where 1,050 members were present.It was also decided that the association will set up regional election committees and draw up an election manifesto which will state the bondholders’ positions on irregularities by the government.The association had previously warned that it would contest the presidential elections unless their demands for compensation were met by the end of February.The group represents thousands of investors who lost around €700m when Bank of Cyprus and Laiki Bank bonds were wiped out in March 2013.The bondholders have protested for years they are being strung along by the president, the ministers of finance and justice, the Central Bank, and Bank of Cyprus and neither the attorney-general nor the president have intervened with the banks on their behalf.The private holders of convertible enhanced capital securities issued by the Bank of Cyprus and now-defunct Laiki Bank claim they were mis-sold financial products which were essentially wiped out following the March 2013 events.Many had also drawn loans using the securities as collateral, which they are now being asked to repay.You May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoFigLeaf Beta AppFigLeaf brings You 3 Easy Steps to Privacy on Your Terms…FigLeaf Beta AppUndoHeart Failure Treatment | Search AdsThe Early Signs Of Heart Failure. Search Acute Heart Failure TreatmentHeart Failure Treatment | Search AdsUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoIsraeli rape suspects freed, woman who alleged assault arrested (Updated)Undoby Taboolaby Taboola
Police believe same man behind two early morning attacks updated
Police believe the same person who attacked a hotel receptionist in Oroklini and stole €130 early on Thursday later on robbed a supermarket in Livadia, making off with a further €500.A receptionist working in an Oroklini hotel reported to police he was attacked at 2am on Thursday and the sum of €130 was stolen.The 86-year-old Turkish Cypriot night worker reported that shortly after 2am an unknown person about 1.85 metres tall got out of a hire car outside the hotel.Covering his face with his T-shirt, the man entered the hotel, grabbed a piece of wood from the hotel and attacked the employee. As the employee fell to the floor, the man took the money from the drawer of the front desk.According to the 86-year-old the masked man spoke with a Cypriot accent.The attack was filmed by the hotel’s security camera.The employee hurt his arm when he was trying to protect himself and was taken by ambulance to Larnaca general hospital.At around 7am a supermarket owner from Livadia told police an unknown person whose head was covered with a handkerchief had entered the building at 6.45am and threatened him with a piece of wood, demanding money.He took €500 from the cash register and some packs of cigarettes before leaving in a small rental car.Like the receptionist, the supermarket owner reported the attacker was speaking with a Cypriot accent.Police have launched a manhunt to locate the suspect.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes?FigLeaf Beta AppUndoFigLeaf Beta AppFigLeaf brings You 3 Easy Steps to Privacy on Your Terms…FigLeaf Beta AppUndoFigLeaf Beta AppGet Maximum Privacy with Minimum EffortFigLeaf Beta AppUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboola
Where do the electricity price problems lie
By Angelos AnastasiouALTHOUGH the power generation and distribution industries were liberalised more than a decade ago – in 2003 – no investments by private entities have materialised since, though some have applied and been licensed.Therefore, the thinking goes, either the Cyprus market cannot sustain more than one viable power provider, or else private investors find the profit margins unacceptably low – and so the privatisation of the EAC equals a higher price on electricity.But while investor interest is virtually non-existent at this point, most of the reasons can be traced back to logical explanations that can be addressed.Firstly, the state licensing authority (RAEK) has a mandate allowing it to issue licenses only for gas-burning power generation, while Cyprus has no gas yet. Until gas is imported – or unearthed – any investor wishing to compete with the EAC must somehow find a way to get gas to Cyprus.Second, Cyprus’s natural gas public company (DEFA) has been appointed by government decision as the “sole importer and distributor of natural gas in Cyprus.” Any investor wishing to operate in the Cyprus power-generation industry needs to buy its fuel from DEFA. Of course, the EAC holds a 44 per cent stake in DEFA, so any investor wishing to compete in the Cyprus market would essentially be buying fuel from the EAC – the competition.Lastly, EAC’s power plants have been retrofitted to burn oil and gas. It is almost certain that importing or unearthing natural gas would lower the cost – and thus the price – of electricity.The EAC is now complaining that the state has long ignored its calls for the import of natural gas, which would allow it to offer cheaper electricity. But a private investor would certainly have an incentive to ensure the use of the most cost-efficient fuel available – if only to increase the profit margin – than to rely on a third party to provide it.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoKelley Blue BookYou Won’t Believe How Affordable These Ford Car Models AreKelley Blue BookUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboola
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