Skyworks snaps up Advanced Analogic at lower price Reuters (Reuters) - Skyworks Solutions said it will buy sm » |
Wednesday, November 30, 2011
Skyworks snaps up Advanced Analogic at lower price - Reuters
uhetemejih.wordpress.com
Monday, November 28, 2011
Research: Hemp seed cake in organic broiler diets - WorldPoultry.net
torbjorntrainer1738.blogspot.com
Research: Hemp seed cake in organic broiler diets WorldPoultry.net M. Eriksson and H. Wall of the Department of Animal Nutrition and Management, University of Agricultural Science, Uppsala, Sweden examined production and health of fast-growing broilers fed diets with and without hemp seed cake (HSC) in organic broiler ... |
Saturday, November 26, 2011
Arden transposes her cheeky humour to page - Winnipeg Free Press
zlatkopaisley1275.blogspot.com
Kingston Herald | Arden transposes her cheeky humour to page Winnipeg Free Press Known for her cheeky humour, Calgary singer-songwriter and broadcaster Jann Arden is the winner of eight Junos, and the author of two previous collections of web journals. If readers aren't already fans, they are going to be after taking in her ... Tickets on Sale for Jann Arden's K-Rock Centre Concert |
Thursday, November 24, 2011
Compass Airlines cuts ribbon on Louisville maintenance facility - Pittsburgh Business Times:
ugefuk.wordpress.com
The subsidiary opened the three-bay maintenance facilityh in January but held off on the ribbonb cutting until key personnel were andthey “got a little airplane greasde under their nails,” Compass president Tim Campbell said durinhg a news conference. Compass’ 70 employees maintain the airline’s fleet of 36 Embraer 175 76-seat jets. which was founded in 2006 as a subsidiary of Northwest Airlines was acquired by Delta as part ofthe Atlanta-based carrier’ws merger with Northwest in Octobedr 2008. The jets previously had been servicec bya third-party aircraft maintenance company, Campbellp said.
Compass’ Louisville International Airport facility, locates at 5101 Crittenden Drive, consists of 42,7290 square feet of aircraft hangar space, 11,41 square feet of office, shop and storag e space, an 80,601-square-foot concrete apron and 33,480 square feet of parkingt and roadways. At the news conference, Chantilly, Va.-based Compass showedf off its first jet paintec in theDelta colors. The rest of its fleet will be convertee from Northwest Airlines colors over thenext year, Campbellp said. At the news Kentucky Gov.
Steve Beshear said the Compassa investment, including its $3 million annuap payroll, “is a tremendous economi achievement in the midst of some pretty touggheconomic times.” In August 2007, the board granted the airlinee preliminary approval for $2 million in state tax incentives for up to 10
The subsidiary opened the three-bay maintenance facilityh in January but held off on the ribbonb cutting until key personnel were andthey “got a little airplane greasde under their nails,” Compass president Tim Campbell said durinhg a news conference. Compass’ 70 employees maintain the airline’s fleet of 36 Embraer 175 76-seat jets. which was founded in 2006 as a subsidiary of Northwest Airlines was acquired by Delta as part ofthe Atlanta-based carrier’ws merger with Northwest in Octobedr 2008. The jets previously had been servicec bya third-party aircraft maintenance company, Campbellp said.
Compass’ Louisville International Airport facility, locates at 5101 Crittenden Drive, consists of 42,7290 square feet of aircraft hangar space, 11,41 square feet of office, shop and storag e space, an 80,601-square-foot concrete apron and 33,480 square feet of parkingt and roadways. At the news conference, Chantilly, Va.-based Compass showedf off its first jet paintec in theDelta colors. The rest of its fleet will be convertee from Northwest Airlines colors over thenext year, Campbellp said. At the news Kentucky Gov.
Steve Beshear said the Compassa investment, including its $3 million annuap payroll, “is a tremendous economi achievement in the midst of some pretty touggheconomic times.” In August 2007, the board granted the airlinee preliminary approval for $2 million in state tax incentives for up to 10
Tuesday, November 22, 2011
Don't hunt for bargains, warns Dodge & Cox exec - San Francisco Business Times:
azajir.wordpress.com
"Is this the time to look at largd cap stocks with dominant franchisesw that are the leading companies in Pohl askeda sold-oug crowd attending a luncheon for the CFA Society of San Francisco on Oct. 11. "Th e best company wins rather than trying to buy the Pohl said. "We're making a decided efforrt to find companies that will servsethe emerging-market consumer and are selling at reasonable valuations." Pohl's presentation was a rare look insidre the publicity-shy investment company that manage s $240 billion.
The firm has built a stellar track recorfd with its fourfund offerings: domesti c stock, income, international equity and a balancd fund that's invested in the firm's domestic stocj and income funds. In the last few the 77-year-old firm has close d its stock and balanced funds after a torrenft of cash poured in followingthe tech-and-telecom bust. Like valuw investor Warren Buffett, CEO of , Dodge Cox avoided the high-flyinv tech sector during the dot-com bubble of the late Pohl also disclosed some of the challenges of investintits 6-year-old international fund.
The firm founed that in a few countries more information is disclosed inthe company's native language, with less disclosex in their reports issued in English. Dodge Cox hired translators to capture themissing information. The based on two floors in the Buildinf in the financial employs173 people, with 52 of them owning the company. The firm aims to investt in companies with solid business franchises in whichn the current stock marketvaluatioj doesn't adequately reflect their long-term profit potential. The firm'ds average holding period is seven years. Pohl, who decline to discuss specific said the firm is now overweighted in cabld television stocks andtraditional banks.
The firm is not exposedc to the brokeragebusiness that's so heavily dependen on Wall Street trading, he said, adding that Dodg e & Cox is also underweightecd in the utilities sector. "Sector ideas grow out of individualkcompany research," Pohl noting that the value-oriented investment strategy focusees on specific companies rather than tryingf to gauge beneficiaries of macro-economic At the end of the second quarter, the Dodged & Cox Stock Fund's largesy holdings included , Chevron, , McDonalde and Class A shares. Pacififc Service Credit Union said Stevew Punch will become president and CEOon Nov. 1.
Puncbh comes to the Walnut Creek crediyt union from First City Credit Union inLos Angeles, whers he was president and CEO since 1995. He succeedzs Tom Smigielski, who is retiring after 17 years withPacificf Service. He will remain as a senior consultanrt until the beginning of next year to help with the CEO The move marks a return to Pacific Servicsefor Punch, who was the credit union's chiefc operations officer from 1991 to 1995. Priore to 1991, he worked at for 13 years. Pacific with more than $1 billion in assets, serves the employeews of and more than 30other companies.
Credit unionh membership is also open to individuale who live or work in the Bay Former CEO joins Former Oliviaq CEO Amy Errettsaid she's joined Trinity Ventures as an entrepreneur in residence. Earlier this year, Errettg and her management teamdeparted Olivia, a San Francisco-basef cruise operator targeting lesbians. They are suinv Olivia's founder. At Olivia, Errett worked on extendingf the company's powerful brand beyond the cruises business. Earlier in her career, Erretyt was chairman and CEO of , a researcj and consulting firm focuser onfinancial services.
with more than $1 billion under is focused onseveral high-growtg sectors, including clean tech, digital Internet services, mobility and software as services. The firm'sx investments have included onlineretailer ; , ; restaurateur PF and , acquired by . Trinity Venturea was founded in 1986.
"Is this the time to look at largd cap stocks with dominant franchisesw that are the leading companies in Pohl askeda sold-oug crowd attending a luncheon for the CFA Society of San Francisco on Oct. 11. "Th e best company wins rather than trying to buy the Pohl said. "We're making a decided efforrt to find companies that will servsethe emerging-market consumer and are selling at reasonable valuations." Pohl's presentation was a rare look insidre the publicity-shy investment company that manage s $240 billion.
The firm has built a stellar track recorfd with its fourfund offerings: domesti c stock, income, international equity and a balancd fund that's invested in the firm's domestic stocj and income funds. In the last few the 77-year-old firm has close d its stock and balanced funds after a torrenft of cash poured in followingthe tech-and-telecom bust. Like valuw investor Warren Buffett, CEO of , Dodge Cox avoided the high-flyinv tech sector during the dot-com bubble of the late Pohl also disclosed some of the challenges of investintits 6-year-old international fund.
The firm founed that in a few countries more information is disclosed inthe company's native language, with less disclosex in their reports issued in English. Dodge Cox hired translators to capture themissing information. The based on two floors in the Buildinf in the financial employs173 people, with 52 of them owning the company. The firm aims to investt in companies with solid business franchises in whichn the current stock marketvaluatioj doesn't adequately reflect their long-term profit potential. The firm'ds average holding period is seven years. Pohl, who decline to discuss specific said the firm is now overweighted in cabld television stocks andtraditional banks.
The firm is not exposedc to the brokeragebusiness that's so heavily dependen on Wall Street trading, he said, adding that Dodg e & Cox is also underweightecd in the utilities sector. "Sector ideas grow out of individualkcompany research," Pohl noting that the value-oriented investment strategy focusees on specific companies rather than tryingf to gauge beneficiaries of macro-economic At the end of the second quarter, the Dodged & Cox Stock Fund's largesy holdings included , Chevron, , McDonalde and Class A shares. Pacififc Service Credit Union said Stevew Punch will become president and CEOon Nov. 1.
Puncbh comes to the Walnut Creek crediyt union from First City Credit Union inLos Angeles, whers he was president and CEO since 1995. He succeedzs Tom Smigielski, who is retiring after 17 years withPacificf Service. He will remain as a senior consultanrt until the beginning of next year to help with the CEO The move marks a return to Pacific Servicsefor Punch, who was the credit union's chiefc operations officer from 1991 to 1995. Priore to 1991, he worked at for 13 years. Pacific with more than $1 billion in assets, serves the employeews of and more than 30other companies.
Credit unionh membership is also open to individuale who live or work in the Bay Former CEO joins Former Oliviaq CEO Amy Errettsaid she's joined Trinity Ventures as an entrepreneur in residence. Earlier this year, Errettg and her management teamdeparted Olivia, a San Francisco-basef cruise operator targeting lesbians. They are suinv Olivia's founder. At Olivia, Errett worked on extendingf the company's powerful brand beyond the cruises business. Earlier in her career, Erretyt was chairman and CEO of , a researcj and consulting firm focuser onfinancial services.
with more than $1 billion under is focused onseveral high-growtg sectors, including clean tech, digital Internet services, mobility and software as services. The firm'sx investments have included onlineretailer ; , ; restaurateur PF and , acquired by . Trinity Venturea was founded in 1986.
Saturday, November 19, 2011
Verizon testing latest technology for high-speed service in Columbus - Business First of Columbus:
evittiebodum1296.blogspot.com
Since the middle of 2008, Basking N.J.-based Verizon Wireless, a division of , has been testiny what it calls its fourth or 4G, network in 25 cities across the countrh and world, including Columbus. “Columbus is alwayss a good placefor innovation,” said Tom Verizon’s vice president of technology. “It has good demographics there are many earlyadopters (of technology).” Sawanobori said Verizon plans to continus testing the high-speed network through the middle of the year in Verizon is spending approximately $50 billion to builfd its fourth generation network, and spent abou t $258 million in Ohio in just the past Sawanobori said.
He declined to say if Centra l Ohio will be among the first markets to have newnetworki service, but did say the companhy plans to roll it out “prettyu aggressively” over the next four When it does come, Verizon customer s who want to use the networkl will have to buy new phones. Verizon’se networks are based on a technology calledCDMA technology, which is used almost exclusivelyu in the United States. Throughoutg the rest of the world, cell phonse networks are based onGSM Verizon’s fourth generation network is basedd on Long Term Evolutiohn technology.
LTE is derived from GSM and Verizon officials believe LTE will become the dominant technology choice inthe future. “Manyg other major wireless service providers, both domestic and foreign, have also selectefd LTE as the technology for their4G deployments,” Verizom said in its 2008 annual repory filed with the . “As a we believe that LTE will provide us with the opportunity to adopt an access platform withglobal scale.” Verizon’s network will use radii waves currently being used by television stations.
The company is waitingb for the TV broadcastersa to abandon the 800 MHzand 1800-1900o MHz spectrum bands by June 12 as part of theif conversion to digital Once Verizon can take over the spectrum and get its new network up and running, Sawanobori said it shoulc be able to post data transfer speeds 10 timez faster than that of the company’a third generation, or 3G, network. That’s when the worls will open up for Verizon, said Ben a telecommunications industry expertin Raleigh, N.C., who holds 28 “With the LTE network, you can run anythingt over it,” Levitan said.
“It’s really a way to consolidate all telecommunication services at a lower price and bring it inside the For example, Verizon could offer home telephone wireless phone service, cable TV service and Internetg access over its new network, Levitan It also won’t require Verizonh to run cabling or wires to businessez or homes because customers will be able to pick up service from the Not only that, Levitan said Verizon shoulsd have a chance to gain market share among cell phone users.
Currently, only 20 percent of the worldwided cell phone market uses CDMA By switching toa GSM-based technology, Levita n said Verizon should have access to the remaining 80 percent of users when they eventually upgrade to a 4G
Since the middle of 2008, Basking N.J.-based Verizon Wireless, a division of , has been testiny what it calls its fourth or 4G, network in 25 cities across the countrh and world, including Columbus. “Columbus is alwayss a good placefor innovation,” said Tom Verizon’s vice president of technology. “It has good demographics there are many earlyadopters (of technology).” Sawanobori said Verizon plans to continus testing the high-speed network through the middle of the year in Verizon is spending approximately $50 billion to builfd its fourth generation network, and spent abou t $258 million in Ohio in just the past Sawanobori said.
He declined to say if Centra l Ohio will be among the first markets to have newnetworki service, but did say the companhy plans to roll it out “prettyu aggressively” over the next four When it does come, Verizon customer s who want to use the networkl will have to buy new phones. Verizon’se networks are based on a technology calledCDMA technology, which is used almost exclusivelyu in the United States. Throughoutg the rest of the world, cell phonse networks are based onGSM Verizon’s fourth generation network is basedd on Long Term Evolutiohn technology.
LTE is derived from GSM and Verizon officials believe LTE will become the dominant technology choice inthe future. “Manyg other major wireless service providers, both domestic and foreign, have also selectefd LTE as the technology for their4G deployments,” Verizom said in its 2008 annual repory filed with the . “As a we believe that LTE will provide us with the opportunity to adopt an access platform withglobal scale.” Verizon’s network will use radii waves currently being used by television stations.
The company is waitingb for the TV broadcastersa to abandon the 800 MHzand 1800-1900o MHz spectrum bands by June 12 as part of theif conversion to digital Once Verizon can take over the spectrum and get its new network up and running, Sawanobori said it shoulc be able to post data transfer speeds 10 timez faster than that of the company’a third generation, or 3G, network. That’s when the worls will open up for Verizon, said Ben a telecommunications industry expertin Raleigh, N.C., who holds 28 “With the LTE network, you can run anythingt over it,” Levitan said.
“It’s really a way to consolidate all telecommunication services at a lower price and bring it inside the For example, Verizon could offer home telephone wireless phone service, cable TV service and Internetg access over its new network, Levitan It also won’t require Verizonh to run cabling or wires to businessez or homes because customers will be able to pick up service from the Not only that, Levitan said Verizon shoulsd have a chance to gain market share among cell phone users.
Currently, only 20 percent of the worldwided cell phone market uses CDMA By switching toa GSM-based technology, Levita n said Verizon should have access to the remaining 80 percent of users when they eventually upgrade to a 4G
Thursday, November 17, 2011
Toyota celebrates production start at new US plant - Boston.com
vilyfijohy.wordpress.com
INAUTONEWS | Toyota celebrates production start at new US plant Boston.com Toyota celebrated the start of Corolla production at its newest US auto plant Thursday after a lengthy delay that the car maker blamed on a weak economy. The ceremony form » |
Tuesday, November 15, 2011
Reid, Boehner huddle on budget deal - Reuters
burdukovahycel.blogspot.com
ABC News | Reid, Boehner huddle on budget deal Reuters Independent budget experts say Congress needs to trim its annual budget deficits by roughly $4 trillion over 10 years to keep the national debt at a manageable level. "Time is short but not so short that agreement cannot be reached," said ... The Democrats' peculiar negotiat ing strategy |
Sunday, November 13, 2011
Chrysler-Fiat deal is completed - Business First of Louisville:
inofiquxi.wordpress.com
The company is now known as and remains basexd inAuburn Hills, The Supreme Court, which had temporarilu held up the deal on Mondayu while it considered appeals by three Indianas state pension funds and severalk consumer groups, said in an order that the groupse had not proven that the court needed to Chrysler and Fiat representativezs concluded the government-backed deal Wednesday morning. The plan to salvaged Chrysler will remake the companty into one owned 55 percen by a unionpension trust, 20 percent ownedd by Fiat -- a share that could grow to 35 percenrt -- and the rest ownexd by the governments of the United Stateds and Canada.
"This is a very significant day, not only for Chryslert and itsdedicated employees, who have persevered throug a great deal of uncertainty durinb the past year, but for the globalk automotive industry as a said Sergio Marchionne, who was named CEO of Chrysler Group, in a statement. "Fromk the very beginning, we have been adaman t that this alliance must be a constructivse and important step towards solving the problems impactinfgour industry. We now look forward to establishingv a new paradigm for how automotive companies can operatre profitablygoing forward.
" The new Chrysler will be manage by a nine-member board of directors, consistinvg of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadiamn government and one directodr to be appointed bythe ' Retiree Medicalp Benefits Trust. The board is expected to name C. Robertg Kidder as chairman. Also Tuesday, a federaol bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchise of 789 dealers. Three Louisville-area dealerships are amongg those 789: , 4136 Shelbyville Road; , 4126 Shelbyville and , 513 E. Spring St.
in New
The company is now known as and remains basexd inAuburn Hills, The Supreme Court, which had temporarilu held up the deal on Mondayu while it considered appeals by three Indianas state pension funds and severalk consumer groups, said in an order that the groupse had not proven that the court needed to Chrysler and Fiat representativezs concluded the government-backed deal Wednesday morning. The plan to salvaged Chrysler will remake the companty into one owned 55 percen by a unionpension trust, 20 percent ownedd by Fiat -- a share that could grow to 35 percenrt -- and the rest ownexd by the governments of the United Stateds and Canada.
"This is a very significant day, not only for Chryslert and itsdedicated employees, who have persevered throug a great deal of uncertainty durinb the past year, but for the globalk automotive industry as a said Sergio Marchionne, who was named CEO of Chrysler Group, in a statement. "Fromk the very beginning, we have been adaman t that this alliance must be a constructivse and important step towards solving the problems impactinfgour industry. We now look forward to establishingv a new paradigm for how automotive companies can operatre profitablygoing forward.
" The new Chrysler will be manage by a nine-member board of directors, consistinvg of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadiamn government and one directodr to be appointed bythe ' Retiree Medicalp Benefits Trust. The board is expected to name C. Robertg Kidder as chairman. Also Tuesday, a federaol bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchise of 789 dealers. Three Louisville-area dealerships are amongg those 789: , 4136 Shelbyville Road; , 4126 Shelbyville and , 513 E. Spring St.
in New
Friday, November 11, 2011
Liverpool manager Kenny Dalglish unhappy at fixture schedule - BBC News
deeshu-tatum.blogspot.com
Metro | Liverpool manager Kenny Dalglish unhappy at fixture schedule BBC News Kenny Dalglish has criticised the scheduling which will see his Liverpool side play two games in 48 hours. The Reds face Manchester City on Sunday, 27 November before visiting Chelsea in the League Cup quarter-finals the following Tuesday. ... Liverpool not ha ppy with fixture list |
Wednesday, November 9, 2011
Foreclosure suit puts 160-acre Kendall Commons in peril - South Florida Business Journal:
lihung-associations.blogspot.com
Miami-based has filed a notice of foreclosurewagainst , and managers Jose R. Boschettio and Martin Caparros Jr. The suit, filed on March 19, seeks to seized most of the site, which has but no vertical construction. The site is on the southy side of Kendall Drive just east ofKroms Avenue. It had been approved for 1,256 a hotel, 132,000 square feet of commercial space, parkzs and a school. The lawsuiyt also named Miami Lakes-based Falcomn Funding, which gave the developers a $12.2 millionh second mortgage for Kendall Commonsin 2004. Fort Lauderdale-based , which gave Kendall Land Developmenta $17 million mortgage in was not named in the That loan, modified to $11.
9 million in Januaruy 2008, covers several commercial parcels not included in City National’s mortgage. City National’s foreclosurer lawsuit is based onthe $33.8 million mortgage it grantex Kendall Land Development in 2004. It was last modifiedd to $22 million in January 2008. Offices owner faces foreclosure No. 4 The head of Cora Gables-based faces his fourth foreclosure lawsuit. On March 18, Boca Raton-basee filed a notice of foreclosure against Tamach Gables Squaree andCarlos Gonzalez, the head of Tamach The company owns the Tamac h Gables Square Office Condominium in Coral Gables. Of the 46 office condko units, 14 have sold.
Sun American’s lawsuit is based on a mortgagwe last modifiedat $14.9 million in December 2007. The ownef of a historic office buildint in West Palm Beachfaces foreclosure. Built in the Comeau Building is listed on the National Registr ofHistoric Places. Chicago-based planned to convert the 104,404-square-foot building, at 319 Clematis St., into a Yet, , as a trustee for a collateralized debt obligatiobsecurity holder, filed a foreclosurew lawsuit against Comeau NCP baseed on an $8.3 million mortgage obtainerd in 2006. Compass Bank has filed a foreclosurw action against the developer ofa 114-uniy Dania Beach condominium. The filing by the Ala.
-based bank against Miami-based covers three buildings at 4151Stirlingv Road. Compass Bank gave Oaks Grou a $17.1 million mortgage in 2006. fileed a counterclaim seeking to foreclose on a Daviwe office project after the developer sued the bank for failintg to disburse funds undet theconstruction loan. The litigatiojn surrounds the 47,000-square-foot Regency Commons, at 5251 S. University Drive.
Miami-based has filed a notice of foreclosurewagainst , and managers Jose R. Boschettio and Martin Caparros Jr. The suit, filed on March 19, seeks to seized most of the site, which has but no vertical construction. The site is on the southy side of Kendall Drive just east ofKroms Avenue. It had been approved for 1,256 a hotel, 132,000 square feet of commercial space, parkzs and a school. The lawsuiyt also named Miami Lakes-based Falcomn Funding, which gave the developers a $12.2 millionh second mortgage for Kendall Commonsin 2004. Fort Lauderdale-based , which gave Kendall Land Developmenta $17 million mortgage in was not named in the That loan, modified to $11.
9 million in Januaruy 2008, covers several commercial parcels not included in City National’s mortgage. City National’s foreclosurer lawsuit is based onthe $33.8 million mortgage it grantex Kendall Land Development in 2004. It was last modifiedd to $22 million in January 2008. Offices owner faces foreclosure No. 4 The head of Cora Gables-based faces his fourth foreclosure lawsuit. On March 18, Boca Raton-basee filed a notice of foreclosure against Tamach Gables Squaree andCarlos Gonzalez, the head of Tamach The company owns the Tamac h Gables Square Office Condominium in Coral Gables. Of the 46 office condko units, 14 have sold.
Sun American’s lawsuit is based on a mortgagwe last modifiedat $14.9 million in December 2007. The ownef of a historic office buildint in West Palm Beachfaces foreclosure. Built in the Comeau Building is listed on the National Registr ofHistoric Places. Chicago-based planned to convert the 104,404-square-foot building, at 319 Clematis St., into a Yet, , as a trustee for a collateralized debt obligatiobsecurity holder, filed a foreclosurew lawsuit against Comeau NCP baseed on an $8.3 million mortgage obtainerd in 2006. Compass Bank has filed a foreclosurw action against the developer ofa 114-uniy Dania Beach condominium. The filing by the Ala.
-based bank against Miami-based covers three buildings at 4151Stirlingv Road. Compass Bank gave Oaks Grou a $17.1 million mortgage in 2006. fileed a counterclaim seeking to foreclose on a Daviwe office project after the developer sued the bank for failintg to disburse funds undet theconstruction loan. The litigatiojn surrounds the 47,000-square-foot Regency Commons, at 5251 S. University Drive.
Sunday, November 6, 2011
Hundreds of foreigners stranded in Everest region - Montreal Gazette
elisovadinaimar.blogspot.com
International Business Times | Hundreds of foreigners stranded in Everest region Montreal Gazette Around 500 travellers fly in and out of Lukla on a normal day when weather conditions are good. "Others on their way to Lukla have remained where they are after hearing the news about the bad weather," Kharel said. Flights in mountainous Nepal are ... < br />Tourists stranded by dense fog in Nepalese mountains Mount Everest: Nearly 2000 Trekkers Stranded in the Mountainous Region Bad weather strands 2000 Everest trekkers |
Friday, November 4, 2011
Wednesday, November 2, 2011
Study: Default on mortgage a moral matter - South Florida Business Journal:
fixyruw.wordpress.com
The report finds that 17 percenft of householdswould default, even if they can afford to pay theifr mortgage, when the equity shortfall reaches 50 percent of the valu e of the house. "We'res in a completely different economic environment where for the first time since the Great Depression millionse of Americans have mortgage loans that exceed the valuee oftheir home," said Paolaz Sapienza of the at who led the Morality plays a big role in the decision to walk away, the studgy found.
Those who said it was immorapl to default were 77 percent less likely to declare theit intention todo so, while people who know someone who defaultee were 82 percent more likely to say they woulcd default themselves. "Our research showed there is a 'multiplication where the social pressure not to default is weakenesd when homeowners live in areaxs of high frequency of foreclosures or know others whodefaulterd strategically,” said Luigi Zingales of the Universityy of Chicago Booth School of Business, and one of the study’ co-authors.
People under the age of 35 and over the age of 65 were less likelyu to say it was morally wrong to default comparedto middle-agede respondents. People with higher education (eight percentage and African-Americans (14 percentage points) are less likely to thinkk it is morally wrongto default, whereas respondentsa with a higher income are more likely to think it is morally wrong. Default is considered less morally wrontg inthe U.S. Northeast (six percentage and West (8 1/2 percentage points). Therr was little difference in the moral view of strategic default among Republicansand Democrats, but Independents were less likelyu to say defaulting is immoral.
were 12 percentag e points less likely to say strategic defaultis "As defaults become more the social stigma attached with defaultint will likely be especially if there continues to be few repercussionds for people who walk away from their loans," concludedc Sapienza. "This has an adverse effect on homeowners who do pay their andthe after-effects of more defaults and more price collapsd could be economic catastrophe.
"
The report finds that 17 percenft of householdswould default, even if they can afford to pay theifr mortgage, when the equity shortfall reaches 50 percent of the valu e of the house. "We'res in a completely different economic environment where for the first time since the Great Depression millionse of Americans have mortgage loans that exceed the valuee oftheir home," said Paolaz Sapienza of the at who led the Morality plays a big role in the decision to walk away, the studgy found.
Those who said it was immorapl to default were 77 percent less likely to declare theit intention todo so, while people who know someone who defaultee were 82 percent more likely to say they woulcd default themselves. "Our research showed there is a 'multiplication where the social pressure not to default is weakenesd when homeowners live in areaxs of high frequency of foreclosures or know others whodefaulterd strategically,” said Luigi Zingales of the Universityy of Chicago Booth School of Business, and one of the study’ co-authors.
People under the age of 35 and over the age of 65 were less likelyu to say it was morally wrong to default comparedto middle-agede respondents. People with higher education (eight percentage and African-Americans (14 percentage points) are less likely to thinkk it is morally wrongto default, whereas respondentsa with a higher income are more likely to think it is morally wrong. Default is considered less morally wrontg inthe U.S. Northeast (six percentage and West (8 1/2 percentage points). Therr was little difference in the moral view of strategic default among Republicansand Democrats, but Independents were less likelyu to say defaulting is immoral.
were 12 percentag e points less likely to say strategic defaultis "As defaults become more the social stigma attached with defaultint will likely be especially if there continues to be few repercussionds for people who walk away from their loans," concludedc Sapienza. "This has an adverse effect on homeowners who do pay their andthe after-effects of more defaults and more price collapsd could be economic catastrophe.
"
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