United Docks Ltd (UTDL.mu) Q32017 Interim Report

United Docks Ltd (UTDL.mu) Q32017 Interim Report

first_imgUnited Docks Ltd (UTDL.mu) listed on the Stock Exchange of Mauritius under the Property sector has released it’s 2017 interim results for the third quarter.For more information about United Docks Ltd (UTDL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the United Docks Ltd (UTDL.mu) company page on AfricanFinancials.Document: United Docks Ltd (UTDL.mu)  2017 interim results for the third quarter.Company ProfileUnited Docks Limited is a Mauritian real estate development company that indulges in real estate development, strategic investment, property management, warehousing as well as logistics solutions in the Republic of Mauritius. The company also engages in different segments of real estate which include business parks, office buildings and mixed-use developments. United Docks Limited is listed on the Stock Exchange of Mauritius.last_img read more

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Delta Corporation Limited (DLTA.zw) 2017 Presentation

first_imgDelta Corporation Limited (DLTA.zw) listed on the Zimbabwe Stock Exchange under the Beverages sector has released it’s 2017 presentation For more information about Delta Corporation Limited (DLTA.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Delta Corporation Limited (DLTA.zw) company page on AfricanFinancials.Document: Delta Corporation Limited (DLTA.zw)  2017 presentation Company ProfileDelta Corporation Limited manufacturers and markets international and locally-produced beverages in Zimbabwe. It operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Brands in its non-alcoholic range are a flavoured maize drink called Shumba Maheu, and a flavoured drinking yoghurt called Supersip Yogurt. The sparkling beverages division operates two bottling plants and one canning plant; bottling and distributing popular cool drink brands sold worldwide by the Coca-Cola Company, a range of drink mixes and an energy drink called Burn. The lager beer division operates two breweries; bottling and distributing international brands such as Castle Lite, Miller’s, Peroni, Redds, Brutal Fruit and Sarita. Delta Corporation Limited has a monopoly in the traditional beer market in Zimbabwe with 14 breweries located across the country; brewing and distributing a well-known sorghum beer brand called Chibuku. Other subsidiaries have interests in transport and logistics, barley and sorghum malting, food processing, packaging, retailing wines and spirits, recycling, tin can production and leadership training. Delta Corporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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Townhouse / Elding Oscarson

first_imgArchDaily Projects Year:  Architects: Elding Oscarson Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/46808/townhouse-elding-oscarson Clipboard Townhouse / Elding OscarsonSave this projectSaveTownhouse / Elding Oscarson Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/46808/townhouse-elding-oscarson Clipboard CopyHouses•Landskrona, Sweden Photographs:  Åke E:son LindmanText description provided by the architects. The narrow site is sandwiched between very old neighboring buildings in Landskrona, Sweden. Since mid 20th century it has been empty, waiting behind a wooden fence. It is only 5 meters wide with a tiny area of 75 square meters. Immediately adjacent buildings are low, but the street is lined with buildings of various height, size, facade material, age, and approach. Behind the row of buildings is a colorful world of back yards, brick walls, sheds, and vegetation. We find this small-scale, motely, naturally worn place extremely beautiful.Save this picture!© Åke E:son LindmanThe building relates to the surroundings in scale, proportion and in the way it adds to the established rythm of low and tall buldings along the street. A perpendicularly inserted crow-step gabled house a few lots down the street is a particularly important ancestor. Yet, our aim is to create a razor sharp contrast, to express inherent clarity, but more importantly to highlight the beauty of the surroundings. Our clients, a male couple that love art and run a café in a bigger city closeby, plan to settle here for good. They see the potential in this small town, beyond its current economic and social problems. Save this picture!floor plansCompressed slab construction, unconventional ceiling heights, and the ground floor flush to the street level, permitted fitting three floors into a volume aligned with the neighboring rooftops. The interior consists of a single space, softly partitioned by three exposed steel slabs. These span the entire width of the house and divide its program – kitchen, dining, living, library, bed, bath, and a roof terrace. A home office for a growing side business of art dealing is located in a separate building across a small garden in the back. Mechanical and service spaces are housed next to a glazed entrance from the street. Save this picture!© Åke E:son LindmanOur intention is to use small means to create an array of different spatial experiences in this very small project. The division of the single space aims at a non-minimalistic and lively sequence of confined and airy spaces, niches, interiors and exteriors, horizontal and vertical views as well as carefully framed views of the site. The continuous interior space is opening up to the street, to the middle of the block, and to the sky above. Save this picture!© Åke E:son LindmanThe openness to all directions generates a building both monolithic and transparent. All facades are treated equally, exposing the interior and offering views through the building with similar apertures whether on the front, back or sides. The neigboring facades are closed, yet there is something deeply humane about their tactility, detailing, and ornaments. We want to contribute to the street with a faded border to the private sphere, with artifacts, furniture, plants, and patios; traces of human presence, consideration, and care.Save this picture!© Åke E:son LindmanProject gallerySee allShow lessHalden Prison / Erik Møller Arkitekter + HLM arkitektur – The Most Humane Prison in …ArticlesAD Round Up: Best from Flickr Part LIIArticles Share “COPY” Townhouse / Elding Oscarson Sweden 2009 “COPY” CopyAbout this officeElding OscarsonOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesLandskronaSwedenPublished on July 29, 2011Cite: “Townhouse / Elding Oscarson” 29 Jul 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSafety Window Films in Associated Watch and Jewelry BuyersFaucetshansgroheKitchen Mixers – Talis MWindowsAir-LuxSliding Windows for High-Rise BuildingsSignage / Display SystemsGoppionDisplay Case – B-ClassGlassLAMILUXGlass Roof PR60Manuals & AdviceSikaFirestop SystemsMetal PanelsAmerican MetalcraftRainscreen – RS300Curtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWaste Containers / Recycling BinsPunto DesignLitter Bin – PapilonSound BoothsFramerySoundproof Phone Booths – Framery OneCarpetsnanimarquinaRugs – ShadeMore products »Read commentsSave想阅读文章的中文版本吗?市政厅 / Elding Oscarson是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Photographs Save this picture!© Åke E:son Lindman+ 26 Share Area:  125 m² Year Completion year of this architecture project last_img read more

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Lloyds Bank Foundation 2021 funding now open with £9.5m available

first_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Lloyds Bank Foundation has opened its 2021 funding today, with £9.5m to distribute to small and local charities in England and Wales across the year.Charities helping people overcome complex social issues can apply for two-year unrestricted grants of £50,000 and this year the Foundation will be open all year rather than through funding rounds, so that charities can apply when they are ready.The Foundation is ringfencing some of its grants: a quarter will go to small charities led by and for Black, Asian, and Minority Ethnic communities. A separate funding strand for charities specifically working on racial equity will also open in the coming months.Overall, it plans to distribute the £9.5m to 190 small charities with an income between £25,000 and £1m across England and Wales. The priority is charities tackling complex social issues such as homelessness, trafficking and domestic abuse, and with a proven track record of helping people achieve positive change in their local communities.Alongside unrestricted funding, successful charities will also be supported by one of the Foundation’s regional managers, who will work with them to access a wide range of organisational development support to help meet identified needs.Not all charities will be eligible to apply in all areas and the Foundation will make clear in advance which charities and areas it is more likely to fund at any given time.In its funding decisions, it will consider local need, the prevalence of eligible small and medium sized charities, the nature of the region and the level of investment the Foundation has given to each complex social issue in that area, including its portfolio of live grants. Whether small charities can apply to the Foundation this year depends on which Local Authority they do the majority of their work in, and the complex social issue they are working to address. The Foundation reviews and updates these regional priorities every six months.Paul Streets, Chief Executive at Lloyds Bank Foundation said:“The last year has been challenging for small charities responding to the pandemic. They’ve been vital in absorbing the worst effects of the crisis and providing support to people that need them the most. Even though we can now see a path out of the pandemic, locally rooted charities need long-term support to help left behind communities recover.”“Last year, 38% of our COVID Recovery grants were awarded to charities led by and for minoritised groups, but with these communities continuing to be disproportionately affected, we remain committed to continuing to ringfence at least a quarter of our funding and overcoming structural inequalities in sector funding.”A Q&A webinar with the members of the grants team will be held on 30 March between 2pm – 3.30pm. Applicants can register for the webinar here, and more information is available here.This week has also seen Localgiving make an announcement about its funding – it is doubling the number of grants its Magic Little Grant Fund has available for small charities and organisations, with 2,000 available. Advertisement Tagged with: Funding small charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Lloyds Bank Foundation 2021 funding now open with £9.5m available Melanie May | 4 March 2021 | News  502 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3last_img read more

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Women’s tennis signs one new player

first_imgFacebook TCU baseball finds their biggest fan just by saying hello Women’s tennis to begin conference play at Baylor + posts ReddIt Kennedy Stadler Linkedin printMargaret Polk signed with the Horned Frogs on Wednesday. Photo courtesy of MBHS TwitterWomen’s tennis signee Margaret Polk may be the top rated player in the state of Alabama, but it was coach Lee Walker’s high school basketball coach that helped secure Polk’s spot on the TCU roster. “I’m grateful for all the relationships that intersected in order to lead Margaret to TCU,” Walker said in a press release on GoFrogs.com. Walker’s high school basketball coach is a friend of Polk’s father, who asked Walker the simple favor of watching Polk play at against a ranked opponent at nationals. Initially, Walker wasn’t sure Polk had the abilities to make it as a collegiate tennis player, but her performance proved him otherwise.“Her character and competitive maturity is a big draw for us, and I think she has the discipline to embrace our system immediately upon arrival,” Walker said to GoFrogs.com. “Margaret has the ingredients to be a great college tennis player.”Walker and the Polk family’s relationship led Polk to verbally commit to TCU, and Walker said he is eager to have Polk as the sole addition to the women’s tennis squad for the 2019-20 season. The five-star recruit of the Birmingham Tennis Academy is ranked nationally as the No. 59 player and is the No. 6 player in the USTA Southern Region, according to TennisRecruiting.net. Most recently, Polk secured three wins at the Southern Winter Level 1 Championships and made a quarterfinals appearance in doubles. In December 2018, Polk captured two singles victories and a doubles win at the USTA National Winter Championships. Women’s tennis power past Dartmouth Twitter Kennedy Stadlerhttps://www.tcu360.com/author/kennedy-stadler/ ReddIt Margaret Polk signed with the Horned Frogs on Monday. Photo courtesy of MBHS Tennis Twitter. Women’s tennis starts off strong in Big 12 play Linkedin Facebook Kennedy Stadlerhttps://www.tcu360.com/author/kennedy-stadler/ TCU rowing program strengthens after facing COVID-19 setbacks Kennedy Stadler is a second year student at Texas Christian University studying journalism and Spanish. Kennedy is from Danville, California and enjoys sports as well as traveling. Kennedy Stadlerhttps://www.tcu360.com/author/kennedy-stadler/ Another series win lands TCU Baseball in the top 5, earns Sikes conference award Previous articleFootball adds seven to round out 2019 classNext articleMen’s golf opens season in familiar territory Kennedy Stadler RELATED ARTICLESMORE FROM AUTHOR Kennedy Stadlerhttps://www.tcu360.com/author/kennedy-stadler/ Women’s tennis prepares for ASU, Ohio State Twitterlast_img read more

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Two journalists and a newspaper owner were released

first_img NigerAfrica Niger: Two journalists arrested in disturbing setback for press freedom May 11, 2021 Find out more Help by sharing this information RSF_en Follow the news on Niger Organisation The conviction of Niger newspaper editor Moussa Aksar is an attack on investigative journalism The three prisoners were released on 29 May, pending their trial more than a week in custody in Kollo. One the two journalists was sentenced to a four month imprisonment term with remission of sentence. Reports May 29, 2002 – Updated on January 20, 2016 Two journalists and a newspaper owner were released to go furthercenter_img 22.05.2002 – Two journalists and a newspaper owner jailed in Niamey Reporters Without Borders has protested the arrests of Abdoulaye Tiémogo, publication director of the private weekly “Le Canard Déchaîné”, and Abarad Mouddour Zakara, publication director of the private weekly “La Roue de l’histoire”. Zakara was arrested and kept in police custody on 18 May 2002, following Commerce Minister Seïni Oumarou’s filing of a complaint for “defamation”. Sanoussi Jackou, owner of “La Roue de l’histoire” newspaper and president of the Parti Nigérien pour l’autogestion (PNA), a small opposition party, was also arrested on 17 May in the context of the same case. Tiémogo was held for questioning on 17 May, one week after hosting a debate on the private radio station Tambara FM during which Jackou accused Prime Minister Hama Amadou of ethnic and regional discrimination in the appointment of high state officials. The three men were placed in provisional detention at Niamey’s civilian prison on 21 May. They are expected to stand trial on 24 May and face a six-month to two-year prison sentence.In a letter to Communications Minister Mamane Sani, Reporters Without Borders Secretary-General Robert Ménard stated, “These journalists should not be imprisoned. We remind you that the United Nations considers incarceration to be a serious human rights violation as a penalty for violations of the press laws.” The organisation asked him to consult with the relevant authorities to secure the journalists’ immediate release.Reporters Without Borders also recalled that Tiémogo was imprisoned at Niamey’s civilian prison for 48 days in 2001. On 19 October 2001, the Niamey First Instance Tribunal sentenced him to six months’ imprisonment for “defamation”. Agriculture Minister Wassalké Boukari had filed a complaint against “Le Canard Déchaîné” following its publication of an article alleging that he had embezzled 200 million CFA francs (approx. US$281,000; 305,000 euros) from a gold-mining area in the west of the country. The minister withdrew his complaint at the start of the appeals trial. News News November 27, 2020 Find out more The 2020 pandemic has challenged press freedom in Africa 29.05.2002 – Two journalists and a newspaper owner were releasedAbarad Moudour Zakara and Seïni Oumarou Jackou were sentenced to a four month imprisonment term, and ordered to pay a 100 000 CFA francs (about 153 euros) fine for libelling Niger’s Trade Minister. Mr Jackou and Abdoulaye Tiemogo were not found guilty of incitement to ethnical hatred.______________________________________________________________ NigerAfrica News Receive email alerts July 16, 2020 Find out morelast_img read more

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Opinion: Why Pasadena and San Gabriel Valley Residents Should Care About Agriculture

first_img Community News center column 3 Opinion: Why Pasadena and San Gabriel Valley Residents Should Care About Agriculture Opinion Piece by TOM BELLAMORE, President, the California Avocado Commission Published on Wednesday, February 12, 2014 | 11:18 am 9 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week Herbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty10 Ways To Get Into Shape You’ve Never Tried BeforeHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeauty Tom Bellamore. Photo courtesy CaliforniaAvocadoGrowers.comCurrent drought conditions across California are prompting a new awakening among urban dwellers about just how important agriculture is in their own lives.While great distances lie between farmland and the dense urban neighborhoods of Pasadena and the San Gabriel Valley, city dwellers and farmers remain closely linked by a common, critical challenge: economic well-being. It’s not just that farms feed the cities. It’s that agriculture supports jobs and economic prosperity, provides local food sources that communities prefer, preserves open space and offers environmental benefits.Of these, the most important are the economic benefits that provide jobs— not just in the groves and orchards but also in the cities. Southern California’s farm gross revenue exceeds $9 billion annually, in the top 10 among all states. Agricultural industries— including farming, support activities and food processing— produced $48 billion in sales and directly employed 160,000 workers in 2010, according to a recent study from the University of California Agricultural Issues Center at Davis .This Southern California bounty is dominated by fruit crops, with strawberries (nearly $1 billion) and avocados ($400 million) leading the way. Dozens of other crops exceed $200 million. According to the study, farming alone produced $9 billion in sales and employed 40,000 people. “Accounting for the ripple effect,” the study indicates, “agricultural industries generate about 450,000 jobs, $25 billion in labor income and $42 billion in value added” in the region.Given these critical contributions, several questions emerge. What if the drought continues indefinitely? What if California’s troubled water delivery system continues to restrict traditional flows to Southern California? What if water rates to farmers keep escalating until they reach an unsustainable level that causes farms to shut down?The solution to the twin threats to our region’s farming economy — dwindling water supplies and rising water rates — must involve both rural and urban communities. Residents and businesses must realize that a decline in agriculture can result in higher costs to them. They can also vocally support the job creation that farming and growing provide to their urban neighbors in the food processing and distribution services industries.Farmers and growers already have invested in high tech irrigation systems and should continue to do so. Water agencies should recognize agricultural customers as good customers worth preserving, and can support them by adjusting agricultural water rates. Such rates would help farmers and have an almost negligible effect on urban customers.The first step is for our broader community to understand in the first place that the threat to agriculture is real and it affects everyone, even city-dwellers who haven’t visited a farm since childhood. As the Contributions of Agriculture study concludes, “…agriculture remains a vital part of the Southern California economy, accounting for hundreds of thousands of jobs, billions of dollars of economic activity, and substantial tax revenues while providing open space, visual amenities and an important link for the increasingly urban population to its food and agricultural roots.”Tom Bellamore is the president of the California Avocado Commission, which represents thousands of avocado growers across Southern California.  Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenacenter_img Your email address will not be published. Required fields are marked * Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a commentlast_img read more

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How Many Homeowners Are in ‘Strategic’ Forbearance Plans?

first_img 2020-10-12 Christina Hughes Babb in Daily Dose, Featured, News Related Articles Share Save Demand Propels Home Prices Upward 2 days ago Forbearance data might not be as daunting as it looks at first blush. That is, according to an article by Bloomberg.com, which points to the Mortgage Bankers Association (MBA) data showing that, as of September 6, as many as 25% of all homeowners in forbearance plans have continued to make their monthly mortgage payments. That means that of 3.4 million households in forbearance at that point, about 820,000 had not missed a payment.Mike Fratantoni, MBA’s SVP and Chief Economist, in a Bloomberg interview, called this “one of the most surprising aspects of this entire episode.”He added that he had seen that share drop over the months as borrowers exited forbearance.What does this indicate? Bloomberg author Christopher Maloney (a market strategist and former portfolio manager) suggests it is “strategic forbearance, with many homeowners taking on the option, just in case.”He broke it down: “Of the Ginnie Mae borrowers in forbearance, 23.7% are current. For conventional borrowers it’s 20.6%, and for those sitting on banks’ balance sheets it’s 28.6%,” Maloney pointed out. “This is important, as mortgages which continue to pay are not going to be bought out by servicers, and for mortgage investors buyouts are just prepayments by another name. With loans bought out from pools at par, this can weigh on portfolio performance, especially when much of the mortgage universe is trading at a premium.”He explains how changes to forbearance data can come as a result of servicers moving loans among categories. For example:”While the percentage of the overall mortgage universe in forbearance has been declining of late, when it is due to servicers buying out those loans from the pools it can be a case of merely moving it from one category to another,” he wrote. “… the percentage of the Ginnie Mae universe in forbearance has dropped to its current 9.16% from a high of 11.83% on June 21. While on the face of it this is good news, the drop was boosted by bank servicers buying out loans. This moved them to the ‘other’ category—which has increased over that time frame—from the ‘Ginnie Mae’ category.”To Bloomberg, Fratantoni stressed that jobs are the most significant factor when it comes to getting through forbearance.“So long as the job market keeps improving and the housing market is in solid shape there is a good potential for this to keep improving,” Fratantoni said. Servicers Navigate the Post-Pandemic World 2 days ago How Many Homeowners Are in ‘Strategic’ Forbearance Plans? Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: VP Candidate Viewpoints: Harris and Pence’s Housing Perspectives Next: FHA’s ‘Generational Shift’ in Tech Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post October 12, 2020 2,120 Views Sign up for DS News Daily Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Home / Daily Dose / How Many Homeowners Are in ‘Strategic’ Forbearance Plans? Subscribelast_img read more

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Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Phil Hall Share Save in Daily Dose, Featured, News November 17, 2020 989 Views Demand Propels Home Prices Upward 2 days ago 2020-11-17 Cristin Espinosa The near-future state of the U.S. economy is predicated on how policymakers and the public respond to the increasing number of COVID-19 cases, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.The ESR Group is predicting consumer spending will be impacted by the resurgence of the virus, although it also anticipates that a stronger domestic labor market and increased household savings would fuel continued real GDP growth – barring significant behavioral shifts and lockdown measures related to a new wave of virus-related chaos. The real GDP growth is currently forecast at 3.3% percent for full-year 2021, slightly below last month’s projection, and 3% percent for full-year 2022.The ESR Group revised nearer-term projections, including the fourth quarter of 2020 and the first quarter of 2021, in a modest downward projection based on evidence of virus-related changes in consumer behavior. Although strict new lockdown or social distancing mandates remain the largest downside risk, the ESR Group stated economic growth could “substantially surpass the baseline forecast if, alternatively, such measures can be avoided and the development of a vaccine progresses swiftly.”Furthermore, the ESR Group is expecting housing to show continued strength through the rest of 2020 and into 2021. While the forecasts on new and existing home sales were revised upward for the fourth quarter of 2020 and the first quarter of 2021, the ESR Group observed that home sales pace may have peaked in September and a moderate slowdown is taking place – pending sales and purchase mortgage applications have recently pulled back from highs reached in the spring as pent-up homebuyer demand recedes. Complicating this picture would be a renewal of virus mitigation protocols among prospective buyers and impact, the ESR Group added.“The continued geographic shift and now resurgence of COVID-19 has raised risks to the pace of growth, though in our view not to the level of a potential second recessionary downturn,” said Doug Duncan, Fannie Mae SVP and Chief Economist. “Households appear reasonably well-positioned to weather and cushion the slowdown, but if a strict broad-based lockdown were to be instituted and sustained, then the economy could turn down again. Meanwhile, the housing market continues to thrive in the low rate environment, particularly refinancing, but the sector is showing some early signs of slowing on the purchase side as the delayed seasonal effect works its way through the market.” Related Articles Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Will Suburban Migration Continue? Next: How Servicers Can Assist Struggling Borrowers Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

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University of Michigan provost placed on leave amid sexual misconduct probe

first_imgespiegle/iStock(ANN ARBOR, Mich.) — A University of Michigan provost was placed on administrative leave Tuesday amid a recently launched investigation into allegations of sexual misconduct. The university said on Wednesday that it received several allegations of sexual misconduct against Martin Philbert last week and retained an outside law firm to investigate the claims. Philbert, who joined the school’s faculty as a toxicology professor in 1995 and was appointed provost in 2017, was placed on leave pending the outcome of the investigation and instructed not to report to work, the university said in a statement.“We take allegations of sexual misconduct very seriously, and our policy is clear: Sexual misconduct will not be tolerated in the University of Michigan community,” University President Mark Schlissel said in a letter addressed staff and students Wednesday. “The U-M Board of Regents and I are committed to a full and thorough investigation, and we will continue to work to ensure the integrity of the process, following the same policy and practices that apply to all employees at U-M.”He noted that the probe was still in its early stages and that “no findings or conclusions” had been reached. Schlissel did not offer any details about the allegations against Philbert, but he said the claims surfaced Jan. 16 to 17. He said the university has offered support services to those affected.“We thank the individuals who have come forward with these allegations. We know that reporting requires courage,” Schlissel said. “The university has offered support services and will work diligently to assist those who report in every way possible.”“We encourage any member of our community who is aware of conduct that may violate U-M’s sexual misconduct policy to notify our Office for Institutional Equity,” he added. He said he would announce Philbert’s interim replacement in the coming days. Philbert, who also serves as the school’s executive vice president of academic affairs, did not immediately respond to requests for comment from ABC News.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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