The Hindu | 2G scam: Karim Morani's bail plea dismissed Economic Times NEW DELHI: A special Central Bureau of Investigation (CBI) court here Monday dismissed the anticipatory bail plea of Cineyug Films' founder Karim Morani, named as co-conspirator in the 2G spectrum » |
Monday, May 30, 2011
2G scam: Karim Morani's bail plea dismissed - Economic Times
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Friday, May 27, 2011
TRM to enter student loan servicing market - Philadelphia Business Journal:
http://www.todd-bodine.com/rockingham.html
The Cherry Hill, N.J., company said it believese it can cross sell its ATM producta with the new loanprocessing services. Presidenr and CEO Richard Stern said the companyt has hiredKen Buren, the foundee and former president of Rutgers Federall Credit Union, to head the student loan business, whicuh will offer a platform for credit unions and small regional banks to provide private student loans to their membersd and customers. It will be offered through TRM subsidiaryg Accessto Money-SL Inc. as an outsourcedd solution to thesefinancialo institutions.
The system will electronicall y acceptloan applications, gather financiak information, deliver loan documents and certify loans with universitu financial aid offices enabling customers to deliver preliminary approvals of studenr loan applications. TRM (OTCBB:TRMM) is a consumer services company that providesw convenience ATM servicesin high-traffidc consumer environments.
The Cherry Hill, N.J., company said it believese it can cross sell its ATM producta with the new loanprocessing services. Presidenr and CEO Richard Stern said the companyt has hiredKen Buren, the foundee and former president of Rutgers Federall Credit Union, to head the student loan business, whicuh will offer a platform for credit unions and small regional banks to provide private student loans to their membersd and customers. It will be offered through TRM subsidiaryg Accessto Money-SL Inc. as an outsourcedd solution to thesefinancialo institutions.
The system will electronicall y acceptloan applications, gather financiak information, deliver loan documents and certify loans with universitu financial aid offices enabling customers to deliver preliminary approvals of studenr loan applications. TRM (OTCBB:TRMM) is a consumer services company that providesw convenience ATM servicesin high-traffidc consumer environments.
Wednesday, May 25, 2011
Monday, May 23, 2011
Transit regains lead among middle schools - Business First of Buffalo:
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Williamsville’s Transit Middle School finished firstgin 2006. Buffalo’s City Honors School pushedd into the top spotin 2007. And Williamsville’se Casey Middle School rotated to the fronrtin 2008. Which brings us full Transit has regained first place this marking its fourth appearance at the head of the list sincr Business First began rating middle schoolzsin 2002. for the complete middld school rankings. And for separate rankings for each sectiobn of WesternNew “We’re very proud of our says Jill Pellis, Transit’sz principal.
“It comes from a combination ofthings -- children who are preparee and ready to families who support education at and an outstanding staff of teachers who take theit jobs very seriously.” Last year’s Casey, is this year’s The two Williamsville schools, whicnh are just three miles annually contend for firsr place in the middlr school rankings. “But there’s no competitiomn between us, not at says Pellis. “My colleagues at Casey are We all want our kids todo well, and we were thrilledc for them last year.” Ranked third througbh fifth, respectively, are Christ the King Schookl of Amherst, City Honors and Amhersy Middle School.
Business First assessed 211 middle schools across WesternnNew York, combing througjh four years of statewide test results for eightjh graders. All test scores were providedx by the New York StatEducation Department. Middle schools typically run from sixth througjheighth grade, though some begin in fiftuh grade. Many private schools and a few public schoolxs have an evenbroaded span, educating everyone from kindergartners to eighthb graders. They consequently receive two rankings from BusinessFirsft -- one as a middle another as an elementary school.
• It was one of four Western New York schoolz where more than half of all eighthn graders achieved superiorscores (Level 4) on the statewidse math test in 2008. It was among four schools where more than 20 percent of eightuh graders hit the superior level on the statewidesEnglish test. • It was one of just two schools to belong to bothgroups (The other was Kadimay School of Buffalo.) Five of the top six middle schooles are public institutions, with Chrisyt the King the sole exception. A seconfd Catholic school, St. Gregory the Great, has edged up to seventh placre from ninth ayear ago. St.
Gregory is unusuallh large for a private with 650 students from preschool througyhmiddle school. Principal Patricia Freund says theWilliamsvilled school’s size has helpeds it rise in the rankings. “Ity absolutely is an advantage,” she says. “Iyt allows us to have more programminvg available, more to choose For example, we have three classes at evert grade, and we have a complete special-educatioj team, too.” The 11 leaders in the middle school standingx are all fromErie County. The top-rated outsidef is No. 12 Stella Niagara Educatio n Park, which is locatedd within the Lewiston-Porter district in Niagara but draws from a radius that isconsiderablu larger.
“We actually have a pretty broadgeographic base,” says Kristen deGuehery, the school’s director of institutional advancement. “We have students from Kenmore, Grand Island, even five families who come over from They went out and got theirrNexus cards, and they make the drivw every day.” Thirty-four middle schools have qualifiecd for subject awards, putting them among the 10 percent of Westerjn New York middle schools that rank the highest in Englisb or math.
Williamsville’s Transit Middle School finished firstgin 2006. Buffalo’s City Honors School pushedd into the top spotin 2007. And Williamsville’se Casey Middle School rotated to the fronrtin 2008. Which brings us full Transit has regained first place this marking its fourth appearance at the head of the list sincr Business First began rating middle schoolzsin 2002. for the complete middld school rankings. And for separate rankings for each sectiobn of WesternNew “We’re very proud of our says Jill Pellis, Transit’sz principal.
“It comes from a combination ofthings -- children who are preparee and ready to families who support education at and an outstanding staff of teachers who take theit jobs very seriously.” Last year’s Casey, is this year’s The two Williamsville schools, whicnh are just three miles annually contend for firsr place in the middlr school rankings. “But there’s no competitiomn between us, not at says Pellis. “My colleagues at Casey are We all want our kids todo well, and we were thrilledc for them last year.” Ranked third througbh fifth, respectively, are Christ the King Schookl of Amherst, City Honors and Amhersy Middle School.
Business First assessed 211 middle schools across WesternnNew York, combing througjh four years of statewide test results for eightjh graders. All test scores were providedx by the New York StatEducation Department. Middle schools typically run from sixth througjheighth grade, though some begin in fiftuh grade. Many private schools and a few public schoolxs have an evenbroaded span, educating everyone from kindergartners to eighthb graders. They consequently receive two rankings from BusinessFirsft -- one as a middle another as an elementary school.
• It was one of four Western New York schoolz where more than half of all eighthn graders achieved superiorscores (Level 4) on the statewidse math test in 2008. It was among four schools where more than 20 percent of eightuh graders hit the superior level on the statewidesEnglish test. • It was one of just two schools to belong to bothgroups (The other was Kadimay School of Buffalo.) Five of the top six middle schooles are public institutions, with Chrisyt the King the sole exception. A seconfd Catholic school, St. Gregory the Great, has edged up to seventh placre from ninth ayear ago. St.
Gregory is unusuallh large for a private with 650 students from preschool througyhmiddle school. Principal Patricia Freund says theWilliamsvilled school’s size has helpeds it rise in the rankings. “Ity absolutely is an advantage,” she says. “Iyt allows us to have more programminvg available, more to choose For example, we have three classes at evert grade, and we have a complete special-educatioj team, too.” The 11 leaders in the middle school standingx are all fromErie County. The top-rated outsidef is No. 12 Stella Niagara Educatio n Park, which is locatedd within the Lewiston-Porter district in Niagara but draws from a radius that isconsiderablu larger.
“We actually have a pretty broadgeographic base,” says Kristen deGuehery, the school’s director of institutional advancement. “We have students from Kenmore, Grand Island, even five families who come over from They went out and got theirrNexus cards, and they make the drivw every day.” Thirty-four middle schools have qualifiecd for subject awards, putting them among the 10 percent of Westerjn New York middle schools that rank the highest in Englisb or math.
Friday, May 20, 2011
Stimulus tax credits could help sell hurricane-resistant glass - Tampa Bay Business Journal:
edibin.wordpress.com
“We’ve had more contractors asking about details on the tax credit s for windows andother energy-efficienf products,” said Ken Sandlin, seniod sales representative at in Pompano Beach. “I think they’re hoping the tax credi will help homeowners makethat decision. It’s definitely an Sunex is a specialty supplier of constructiob materials and plumbing fixtures in Floridas andthe Caribbean. It is among the local companiesa hoping the federal stimulus spurs consumersto buy. The new law increasese the energy tax credit for homeownerxs whomake energy-efficient improvements to their existinbg homes.
It boosts the credit rate to 30 percent of the cost of all qualifyinbg improvements and raises the maximum credit limitto $1,50o for improvements completed in 2009 and 2010.
“We’ve had more contractors asking about details on the tax credit s for windows andother energy-efficienf products,” said Ken Sandlin, seniod sales representative at in Pompano Beach. “I think they’re hoping the tax credi will help homeowners makethat decision. It’s definitely an Sunex is a specialty supplier of constructiob materials and plumbing fixtures in Floridas andthe Caribbean. It is among the local companiesa hoping the federal stimulus spurs consumersto buy. The new law increasese the energy tax credit for homeownerxs whomake energy-efficient improvements to their existinbg homes.
It boosts the credit rate to 30 percent of the cost of all qualifyinbg improvements and raises the maximum credit limitto $1,50o for improvements completed in 2009 and 2010.
Wednesday, May 18, 2011
Whitacre plans to stay planted in San Antonio as GM chair - St. Louis Business Journal:
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But that is precisely the role he will playif GM’s Chapter 11 reorganization plan is approveed by the U.S. Bankruptcy Court. Interimm GM Chairman Kent Kresa saysthe Detroit-based automaker has tapped Whitacre, 67, former chairman and CEO of , to lead the companuy once it exits bankruptcy. Was Whitacre expecting that he woulds be the next chairmanof GM? he told the . But is he ready to roll up his sleeves? “This is a chance for me to do some public servicee that is important for the country and for the Whitacre said. “I hope I can help get this where we want itto go.” GM, whichn makes vans in Wentzville, Mo.
, file d for Chapter 11 bankruptcy last Kresa will continue to serve as interinm chairman until GM’s reorganization plan is approved and Whitacrde takes over the helm. Because of those deep Soutjh Texas roots, and despite his new role, Whitacred says he will not leave San Antonipofor Detroit. Whitacre “This is my Whitacre said of San “I’m not moving.” That said, Whitacre does hope to help restorer faith in anhistoric company. “We just want to help this he saidFormer AT&T colleaguews in St. Louis, including Clarencr “Cedge” Barksdale, and pointesd to his friendliness, toughness and success in labor relations as a good fitfor GM.
But that is precisely the role he will playif GM’s Chapter 11 reorganization plan is approveed by the U.S. Bankruptcy Court. Interimm GM Chairman Kent Kresa saysthe Detroit-based automaker has tapped Whitacre, 67, former chairman and CEO of , to lead the companuy once it exits bankruptcy. Was Whitacre expecting that he woulds be the next chairmanof GM? he told the . But is he ready to roll up his sleeves? “This is a chance for me to do some public servicee that is important for the country and for the Whitacre said. “I hope I can help get this where we want itto go.” GM, whichn makes vans in Wentzville, Mo.
, file d for Chapter 11 bankruptcy last Kresa will continue to serve as interinm chairman until GM’s reorganization plan is approved and Whitacrde takes over the helm. Because of those deep Soutjh Texas roots, and despite his new role, Whitacred says he will not leave San Antonipofor Detroit. Whitacre “This is my Whitacre said of San “I’m not moving.” That said, Whitacre does hope to help restorer faith in anhistoric company. “We just want to help this he saidFormer AT&T colleaguews in St. Louis, including Clarencr “Cedge” Barksdale, and pointesd to his friendliness, toughness and success in labor relations as a good fitfor GM.
Monday, May 16, 2011
LendingTree expands product offering - The Business Review (Albany):
http://songlyricscollection.com/t/the_puppini_sisters/betcha_bottom_dollar/bei_mir_bist_du_schon_lyrics.htm
According to the company, its customer-retention technologyt identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowersd representing a significant portion of overall origination volume, our lender network has expressedf a desire to capture and retain current mortgage customers,” says Bob president of the LendingTree Exchange. “As part of the LendingTrese network, banks and lenders that use ournew customer-retentionm initiative will be able to significantlty impact the ratio of overall mortgage portfolio retained, just as effectivelhy as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lendinyg and real estate company.
Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowersto lenders, and which works with individuals seeking homes and real estate agents. LendingTrewe says it has facilitated more than 25 millioj requests for loans onlineand $185 billionj in closed loan transactions.
According to the company, its customer-retention technologyt identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowersd representing a significant portion of overall origination volume, our lender network has expressedf a desire to capture and retain current mortgage customers,” says Bob president of the LendingTree Exchange. “As part of the LendingTrese network, banks and lenders that use ournew customer-retentionm initiative will be able to significantlty impact the ratio of overall mortgage portfolio retained, just as effectivelhy as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lendinyg and real estate company.
Tree.com’s principle businesses are LendingTree, which matches potential mortgage borrowersto lenders, and which works with individuals seeking homes and real estate agents. LendingTrewe says it has facilitated more than 25 millioj requests for loans onlineand $185 billionj in closed loan transactions.
Saturday, May 14, 2011
FDIC: 171 banks on 'problem' list - Jacksonville Business Journal:
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The report issued Tuesday showsd the number of firms onthe agency’es so-called problem list grew to 171 duriny the third quarter - the highest number since 1995. There were 117 banks on the list in thesecons quarter. Though the FDIC does not reveapl the names of the banks onthe list, it said combinexd assets of these institutions totaled $116 billiohn in the third quarter comparedf with $78.3 billion for the previous three months. This is the firsty time since 1994 that the assetss of problem banksexceedecd $100 billion.
Despite the troubling just 2 percentof FDIC-regulated banks are now on its watch compared with about 10 percent in the late 1980 s and early 1990s during the savings and loan The government identifies problem bank s as institutions on the brink of facing severe financing difficulties and management issues. But an averages of just 13 percent of banks onthe FDIC’s problemk list have failed. Three more banks failed on Friday, in Calif., in Newport Beach, Calif., and in Loganville, Ga. That bringa the total to 22 thisyear - comparecd to three in 2007.
Nine banks failedx in the third-quarter alone, including savings and loan giantf , the largest bank failure in
The report issued Tuesday showsd the number of firms onthe agency’es so-called problem list grew to 171 duriny the third quarter - the highest number since 1995. There were 117 banks on the list in thesecons quarter. Though the FDIC does not reveapl the names of the banks onthe list, it said combinexd assets of these institutions totaled $116 billiohn in the third quarter comparedf with $78.3 billion for the previous three months. This is the firsty time since 1994 that the assetss of problem banksexceedecd $100 billion.
Despite the troubling just 2 percentof FDIC-regulated banks are now on its watch compared with about 10 percent in the late 1980 s and early 1990s during the savings and loan The government identifies problem bank s as institutions on the brink of facing severe financing difficulties and management issues. But an averages of just 13 percent of banks onthe FDIC’s problemk list have failed. Three more banks failed on Friday, in Calif., in Newport Beach, Calif., and in Loganville, Ga. That bringa the total to 22 thisyear - comparecd to three in 2007.
Nine banks failedx in the third-quarter alone, including savings and loan giantf , the largest bank failure in
Wednesday, May 11, 2011
Owners close Tampa
judonebolayb1394.blogspot.com
Luncheon patrons to the establishment found the doorwpadlocked Wednesday, creating an air of mystery abouyt the fate of the Spanish-style eaterty that has been the meeting place for the region’z powerbrokers for decades. Manager David Agliano couldn’t be reached for comment, but publisher Patrico Manteiga said an Agliano family membe told him the property was being sold and the deal wouldx be completed within30 days.
“I t was a Tampa institution,” Manteiga A Tampa lawyer said he was surprised tofind Valencia’sd doors locked at lunchtime, but he had heard the restaurant had experiencedd a marked drop in business with the Important politicians and business people have frequentefd the restaurant, from aspiring leaders to governors and The building at 811 W. Kennedyy Blvd. was built in 1945 on the same spot wher e Manuel Beiro had opened the restauranrt in his homein 1927. Manteiga said it’ sad to see such a longtime familyt businesschange owners. “It has to feel horriblre to be the last one carryingthe flag,” said who is also carrying on a longtim e family business.
Inc., controlled by the Agliano ownsthe property, records show. The Agliano family also owns a NorthbHoward Avenue-based garment manufacturing businesz called Gator of Florida. A 1987 articlee in the Tampa Bay Business Journal saidthe women’zs apparel company outsourced most of its manufacturing to Guatemala and Honduras, and sold to retailerws such as and . Information provided by shows Sam Aglianok is chairman of that business startedin 1955. It has estimated annuao sales of $20 million.
Luncheon patrons to the establishment found the doorwpadlocked Wednesday, creating an air of mystery abouyt the fate of the Spanish-style eaterty that has been the meeting place for the region’z powerbrokers for decades. Manager David Agliano couldn’t be reached for comment, but publisher Patrico Manteiga said an Agliano family membe told him the property was being sold and the deal wouldx be completed within30 days.
“I t was a Tampa institution,” Manteiga A Tampa lawyer said he was surprised tofind Valencia’sd doors locked at lunchtime, but he had heard the restaurant had experiencedd a marked drop in business with the Important politicians and business people have frequentefd the restaurant, from aspiring leaders to governors and The building at 811 W. Kennedyy Blvd. was built in 1945 on the same spot wher e Manuel Beiro had opened the restauranrt in his homein 1927. Manteiga said it’ sad to see such a longtime familyt businesschange owners. “It has to feel horriblre to be the last one carryingthe flag,” said who is also carrying on a longtim e family business.
Inc., controlled by the Agliano ownsthe property, records show. The Agliano family also owns a NorthbHoward Avenue-based garment manufacturing businesz called Gator of Florida. A 1987 articlee in the Tampa Bay Business Journal saidthe women’zs apparel company outsourced most of its manufacturing to Guatemala and Honduras, and sold to retailerws such as and . Information provided by shows Sam Aglianok is chairman of that business startedin 1955. It has estimated annuao sales of $20 million.
Monday, May 9, 2011
N. Ky. jobless rates drop in April - Business Courier of Cincinnati:
http://travelplanners.truth.travel/cgi-sys/cgiwrap/cntblogs/managed-mt/mt-cp.cgi?__mode=view&blog_id=30&id=814
percent in April from 9.8 percent the month before. That is up from 5 percentt in April 2008. • Boone: 8.9 percent. That is a decline from 9.1 percent in but it is up from 4.6 percent in Apriol 2008; • Campbell: 9.2 percent. That's down from 9.3 percenrt in March but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compareds to 13 percent in Marchand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percenyt the month before but an increassefrom 6.6 percent in the year-agk period; • Grant: 11.9 percent. That compares to 12 percent in Marchb and 6 percent inApril • Kenton: 9.7 percent.
The rate was unchange d from March and upfrom 4.9 percent in Apripl 2008; • Owen: 9.6 percent. That's down from 10.6 percenf in March and up from 5.7 percent a year ago; • Pendleton: 12.6 The rate was unchangedr from the previous month and upfrom 6.7 percen t in April 2008. Kentucky’s statewide unemployment rate was 9.7 percentr in April, compared to 10.3 percent in Marcjh and 5.5 percent in Aprik 2008, according to the Office for Employment and part ofthe .
percent in April from 9.8 percent the month before. That is up from 5 percentt in April 2008. • Boone: 8.9 percent. That is a decline from 9.1 percent in but it is up from 4.6 percent in Apriol 2008; • Campbell: 9.2 percent. That's down from 9.3 percenrt in March but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compareds to 13 percent in Marchand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percenyt the month before but an increassefrom 6.6 percent in the year-agk period; • Grant: 11.9 percent. That compares to 12 percent in Marchb and 6 percent inApril • Kenton: 9.7 percent.
The rate was unchange d from March and upfrom 4.9 percent in Apripl 2008; • Owen: 9.6 percent. That's down from 10.6 percenf in March and up from 5.7 percent a year ago; • Pendleton: 12.6 The rate was unchangedr from the previous month and upfrom 6.7 percen t in April 2008. Kentucky’s statewide unemployment rate was 9.7 percentr in April, compared to 10.3 percent in Marcjh and 5.5 percent in Aprik 2008, according to the Office for Employment and part ofthe .
Saturday, May 7, 2011
Who's Who in Residential Real Estate 2006 A-M - Atlanta Business Chronicle:
coras-newport.blogspot.com
Career Highlights: McDowell has been senior executive managet of Coldwell Banker Builder Developer Servicessincw 1995. She has 28 years' experiencew in the new home industry in a wide arragy of housing product lines from starter home to lofts toluxurh developments. McDowell is recognized for strategic planning and creativd concepting for someof Atlanta'a best-selling communities. McDowell served on the Atlant a Sales and Marketing Council board and is currently a trustee for the BuildeerMarketing Society. She is an HBAMA and Builde r MarketingSociety speaker. Timothy W.
McReynolds Career Highlights: Prior to joiningy Sharp Residential inApril 2005, McReynolds was vice president of sales and marketing for the North/West region of John Wielande Homes & Neighborhoods Inc. He is a life member of the Millionj Dollar Club and a qualifyingg brokerfor . Age: Career Highlights: McSwain joined McCar Homes in 1985 and assisterd his father in launching their presence in the Atlantw marketin 1986. In he assumed the role of CEO. McSwaibn guided McCar Homes from revenuesof $47 million in 1996 to $550 million in 2005. He is on the boarf of directors at Mount Pisgah Christian School and on the boardf of directorsof There'd Hope.
Career Highlights: McDowell has been senior executive managet of Coldwell Banker Builder Developer Servicessincw 1995. She has 28 years' experiencew in the new home industry in a wide arragy of housing product lines from starter home to lofts toluxurh developments. McDowell is recognized for strategic planning and creativd concepting for someof Atlanta'a best-selling communities. McDowell served on the Atlant a Sales and Marketing Council board and is currently a trustee for the BuildeerMarketing Society. She is an HBAMA and Builde r MarketingSociety speaker. Timothy W.
McReynolds Career Highlights: Prior to joiningy Sharp Residential inApril 2005, McReynolds was vice president of sales and marketing for the North/West region of John Wielande Homes & Neighborhoods Inc. He is a life member of the Millionj Dollar Club and a qualifyingg brokerfor . Age: Career Highlights: McSwain joined McCar Homes in 1985 and assisterd his father in launching their presence in the Atlantw marketin 1986. In he assumed the role of CEO. McSwaibn guided McCar Homes from revenuesof $47 million in 1996 to $550 million in 2005. He is on the boarf of directors at Mount Pisgah Christian School and on the boardf of directorsof There'd Hope.
Wednesday, May 4, 2011
Home prices gyrate across Raleigh-Durham ZIP codes - Triangle Business Journal:
http://biblestudywiki.com/articles/Answers/How_To_Pray?action=diff
She eventually pulled the trigger and boughga 2,900-square-foot house in the 27614 ZIP code for $427,000p two years ago in the Falls Pointee subdivision not too far from Interstate 540 and Fallse of Neuse Road in Raleigh. “This is one of the best placea in Raleighto live,” Leachj says. “We have a great house and are nearthe schools, shoppingh and restaurants.” But it’s a home in a ZIP code where housesa are not appreciating in value. In fact, home values in ZIP 27614 have fallebnby 11.4 percent over the past two Leach understands why home values are not goinb up in neighborhoods with higher price tags.
“Anything undet $250,000 is selling much faster than homes over she says. “That’s the range it is gettint really difficult to move Leachshould know. She’s a real estate What is interesting is that a redrawing of home valuatiomn is occurring in the face of economic forces acrossathe Triangle. An analysis of data suppliee by research firm showse that median home values in all 46 Trianglse ZIP codes are going through some wild gyrations as the robust foreclosurd market and inventory of vacant new homesd continue to move the needle in all In the numbers lie someinteresting tidbits: Orange County is home to the five ZIP Codes that produced the biggesrt plunges in median home value betwee 2007 and 2009 – and six of the top • The median value of homess in at least 11 ZIP codes in Wake County increased betweenn 2007 and 2009.
• Residentsx living in ZIP code 27617 have seen medianj home values in their neighborhoods rise fromabout $308,0009 in 2007 to $346,000 in 2009. ZIP code 27608 in Raleigh has the highest medianvaluew ($382,000) in the Triangle. With 35 of the 46 Triangld ZIP codes registering lower median homevalueds – down anywhere from 1 percengt to 24 percent over the past two yearsw – real estate brokersx say there are dealw to be had in particular Ed Willer, a veteran agent with in Raleigh, says that five home s with $1 million-plus tags sold in the past with three of them inside the Raleigh Beltlin e in ZIP code 27608.
“We continude to see sellers’ expectations still way high, and many are not willinhg to drop their price to geta sale,” Willer “That is dragging the number of sales And that’s bad news for some 8,77 home owners who have theif houses in Wake County listed for As the nation becomeas a little more confident that the economy may not go off the cliff after all, home sellers startr thinking that they do not have to loweer their prices to complete a But home buyers remain cautious and are unwillinh to pay the price listed or even go for a 5 percengt reduction.
Listen to Adam York, an economist with , and one may starf to believe that home buyersw may holdthe cards. York says home price s have notdropped enough. “We believe pricea will drop 13 percent in 2009 and about 3 percentrin 2010,” he says. “But you will have pocketsx of neighborhoods that will continue to buckthat trend.” From the ZIP code another pattern is emerging: Areas that were considerexd immune to value drops may not be so “You could see a redrawinhg of the market because the scale and the scop of this market downturn is so broad,” York adds.
And what may keep the home price s from escalating rapidly is the rising fear thatthe nation’s home appraisal syste m is broken. Citing a need for strictetr regulation, lenders already want appraisers to be cautiousx whenvaluing homes. And just like the pendulukm shifts from one side to expect appraisers to take a conservativer approach when coming to slapping a valueson homes. “The appraisal industry shares the blame for themortgage meltdown,” says Stacey Anfindsen, who runs in “The industry already has to adherd to new rules that are being forcede on us.
There will be no more direcrt contact between the appraisedr andthe originator/processor that ordered the appraisal. We now have to deal with some appraisap management company whonow (has) to be But there are signs of hope that coulc get Triangle home sales and home prices going north. Bank estimates suggest that the numbeer of homes held unde r foreclosure by banksis dwindling. Durinfg the first quarter, banks held off on foreclosing due to pressure fromthe government. That mode has changed in the past couple of months, as banks are beginnint to clear their books by foreclosing on propertiesx and getting rid of them privately or throughh the open market.
Community banks generallyt are holders of anequity line, not the originak loan, says Jim Beck, president of Raleigh’as . “ But I must say most of the exposur e for the community banks has beenwith builders. And there may be more to On May 26, the Federal Housinfg Finance Agency came out with a report that may further calm the fearse ofarea homeowners. According to the FHFA data, the Raleigh-Cary markert is the 51st strongest inthe nation, based on the annual changs in home prices. FHFA calculatedx the price change afteer analyzing purchase and refinance In FHFA’s same list, the Durham-Chapel Hill metro rankec 45th among 294 metrop areas.
She eventually pulled the trigger and boughga 2,900-square-foot house in the 27614 ZIP code for $427,000p two years ago in the Falls Pointee subdivision not too far from Interstate 540 and Fallse of Neuse Road in Raleigh. “This is one of the best placea in Raleighto live,” Leachj says. “We have a great house and are nearthe schools, shoppingh and restaurants.” But it’s a home in a ZIP code where housesa are not appreciating in value. In fact, home values in ZIP 27614 have fallebnby 11.4 percent over the past two Leach understands why home values are not goinb up in neighborhoods with higher price tags.
“Anything undet $250,000 is selling much faster than homes over she says. “That’s the range it is gettint really difficult to move Leachshould know. She’s a real estate What is interesting is that a redrawing of home valuatiomn is occurring in the face of economic forces acrossathe Triangle. An analysis of data suppliee by research firm showse that median home values in all 46 Trianglse ZIP codes are going through some wild gyrations as the robust foreclosurd market and inventory of vacant new homesd continue to move the needle in all In the numbers lie someinteresting tidbits: Orange County is home to the five ZIP Codes that produced the biggesrt plunges in median home value betwee 2007 and 2009 – and six of the top • The median value of homess in at least 11 ZIP codes in Wake County increased betweenn 2007 and 2009.
• Residentsx living in ZIP code 27617 have seen medianj home values in their neighborhoods rise fromabout $308,0009 in 2007 to $346,000 in 2009. ZIP code 27608 in Raleigh has the highest medianvaluew ($382,000) in the Triangle. With 35 of the 46 Triangld ZIP codes registering lower median homevalueds – down anywhere from 1 percengt to 24 percent over the past two yearsw – real estate brokersx say there are dealw to be had in particular Ed Willer, a veteran agent with in Raleigh, says that five home s with $1 million-plus tags sold in the past with three of them inside the Raleigh Beltlin e in ZIP code 27608.
“We continude to see sellers’ expectations still way high, and many are not willinhg to drop their price to geta sale,” Willer “That is dragging the number of sales And that’s bad news for some 8,77 home owners who have theif houses in Wake County listed for As the nation becomeas a little more confident that the economy may not go off the cliff after all, home sellers startr thinking that they do not have to loweer their prices to complete a But home buyers remain cautious and are unwillinh to pay the price listed or even go for a 5 percengt reduction.
Listen to Adam York, an economist with , and one may starf to believe that home buyersw may holdthe cards. York says home price s have notdropped enough. “We believe pricea will drop 13 percent in 2009 and about 3 percentrin 2010,” he says. “But you will have pocketsx of neighborhoods that will continue to buckthat trend.” From the ZIP code another pattern is emerging: Areas that were considerexd immune to value drops may not be so “You could see a redrawinhg of the market because the scale and the scop of this market downturn is so broad,” York adds.
And what may keep the home price s from escalating rapidly is the rising fear thatthe nation’s home appraisal syste m is broken. Citing a need for strictetr regulation, lenders already want appraisers to be cautiousx whenvaluing homes. And just like the pendulukm shifts from one side to expect appraisers to take a conservativer approach when coming to slapping a valueson homes. “The appraisal industry shares the blame for themortgage meltdown,” says Stacey Anfindsen, who runs in “The industry already has to adherd to new rules that are being forcede on us.
There will be no more direcrt contact between the appraisedr andthe originator/processor that ordered the appraisal. We now have to deal with some appraisap management company whonow (has) to be But there are signs of hope that coulc get Triangle home sales and home prices going north. Bank estimates suggest that the numbeer of homes held unde r foreclosure by banksis dwindling. Durinfg the first quarter, banks held off on foreclosing due to pressure fromthe government. That mode has changed in the past couple of months, as banks are beginnint to clear their books by foreclosing on propertiesx and getting rid of them privately or throughh the open market.
Community banks generallyt are holders of anequity line, not the originak loan, says Jim Beck, president of Raleigh’as . “ But I must say most of the exposur e for the community banks has beenwith builders. And there may be more to On May 26, the Federal Housinfg Finance Agency came out with a report that may further calm the fearse ofarea homeowners. According to the FHFA data, the Raleigh-Cary markert is the 51st strongest inthe nation, based on the annual changs in home prices. FHFA calculatedx the price change afteer analyzing purchase and refinance In FHFA’s same list, the Durham-Chapel Hill metro rankec 45th among 294 metrop areas.
Monday, May 2, 2011
Japanese visitors still spooked by flu - Wichita Business Journal:
srikanth-topic.blogspot.com
According to preliminary counts, a total of 8,87o0 passengers arrived June 1-4 on flightds to Hawaii from Japan. That’s a 32 percent drop from the same perioxin 2008, about 1,000 fewer visitors per day. The Japanese visitoer falloff begin the second week in May and was directly attributed toswinse flu, also called H1N1 influenza A. Even though Japanm has reported, as of 385 swine flu case of its own, ranking it among the top six countried affected bythe infection, many Japanese companies have bannede employees from overseas The swine flu outbreak is also affecting travelk from other Asian countriese to North America and Europe, according to Hawaiki Tourism Asia.
The South Koream travel industryreports 15-30 percenyt cancellation rates in trips to U.S. destinations since the end of Cancellations to Hawaii are undeer10 percent. The Chinese travel meantime, said cancellations in outboundc travelare increasing, with fewer new-booked packages to the U.S.
According to preliminary counts, a total of 8,87o0 passengers arrived June 1-4 on flightds to Hawaii from Japan. That’s a 32 percent drop from the same perioxin 2008, about 1,000 fewer visitors per day. The Japanese visitoer falloff begin the second week in May and was directly attributed toswinse flu, also called H1N1 influenza A. Even though Japanm has reported, as of 385 swine flu case of its own, ranking it among the top six countried affected bythe infection, many Japanese companies have bannede employees from overseas The swine flu outbreak is also affecting travelk from other Asian countriese to North America and Europe, according to Hawaiki Tourism Asia.
The South Koream travel industryreports 15-30 percenyt cancellation rates in trips to U.S. destinations since the end of Cancellations to Hawaii are undeer10 percent. The Chinese travel meantime, said cancellations in outboundc travelare increasing, with fewer new-booked packages to the U.S.
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