Stephen Harper is not the problem We are says AFN candidate Nelson

first_img(Photo courtesy Ben Powless)APTN National NewsTORONTO–First Nations chiefs are the most powerful people in the world, but fear holds them back, said Terry Nelson, one of the candidates running for national chief.Nelson, a former five-term chief of Roseau River First Nation in Manitoba, quoting former U.S. president Franklin Roosevelt, told chiefs that the only thing they had to fear was “fear itself.” He told chiefs they shouldn’t fear the Conservative government, because Stephen Harper feared them.“Stephen Harper is not the problem. We are,” said Nelson. “During the so-called Crown-First Nations gathering the chiefs were muzzled, Stephen Harper had a plane on the tarmac ready to take him away if we caused him any problems, he had RCMP with Uzis walking around. That is how scared Stephen Harper is of you. Why? Because, you are the owners of all the lands.”Nelson is one of eight candidates vying for the position of national chief of the AFN. He was speaking during the candidate’s forum during the AFN gathering in Toronto where chiefs will vote for national chief on Wednesday.Nelson said he believed “fear” was driving the AFN election.Nelson told chiefs he knew how to deal with the Stephen Harper government which deposited $80 million into his bank account on his birthday on July 29, 2011, as part of a settlement after he threatened blockades in 2007.Nelson said he would “reverse the budget cuts” if chiefs elected him national chief.“I’ll guarantee that,” said Nelson. “Why, because you are the most powerful people in the world today, at this time in history, you are the most powerful people in the world.”With photos of U.S. President Barack Obama bowing to and former U.S. president George W. Bush kissing Saudi Arabia’s King Abdullah, Nelson said it was time for First Nations to take over their oil resources and demand the same respect.“Treaty 8 people send 2.5 million barrels of oil a day to the (U.S.) side, the Cree and Dene are going to have to start up a new tradition to make sure George W. Bush kisses the right face if they want your oil,” said Nelson.Nelson also called on chiefs to develop their own foreign policy, separate from that of the “immigrant government.” Nelson said, as national chief, he would travel to Iran to address the parliament in Tehran.“I will go to Iran, I will speak in front of the Iranian parliament. If you are a nation, it’s time to break your ties to the immigrant government’s foreign policy,” said Nelson. “I will condemn your housing situation.”last_img read more

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Football greats seek to score Millennium Development Goals in UN charity game

The shots that the two stars, both UN Development Programme (UNDP) Goodwill Ambassadors, take this time aim not so much at landing the ball in the net as on scoring a different kind of goal, the eight UN Millennium Goals (MDGs) that seek to slash a host of social ills, ranging from extreme poverty and hunger to maternal and infant mortality to lack of access to education and health care, all by 2015.“No one is a spectator in the struggle to end poverty,” Ronaldo, who now plays for Corinthians in Brazil, said of the 25 January match, the 7th in an annual series, half the proceeds of which will benefit UNDP anti-poverty programmes. “It is only through working together, on the same team, that we will achieve the Millennium Development Goals.”Zidane, who retired from active football in 2006 but continues to play in the annual Match Against Poverty, echoed Ronaldo. “We must score the eight goals through commitment, willpower and teamwork,” he said. UNDP Administrator Helen Clark said this year’s match takes on special importance as it comes five years before the MDG deadline. “The MDGs are enormously important targets, the achievement of which would mean a huge improvement to peoples’ lives,” she said.“Achieving them will require strong partnerships, enough dedicated resources, unwavering political leadership, and a long-term strategy to ensure that how we develop and grow is sustainable in every sense.” SL Benfica chairman expressed his club’s pleasure at being associated with UNDP. “Football is a great way to get people together for a good cause,” he said.The other half the proceeds will go to the SL Benfica Foundation, targeted at social development projects in Portuguese-speaking African countries.Proceeds from the previous six matches have benefited anti-poverty initiatives ranging from support to female entrepreneurs to the construction of sports centres for street children and the disadvantaged throughout Asia, Africa and Latin America.The game is the latest in a long list of cooperation between the UN and international sports that has seen the UN Children’s Fund (UNICEF) team up with the European Swimming League in “a race against time” to prevent deaths from unclean water; the UN Educational, Scientific and Cultural Organization (UNESCO) partner the WTA Tour of women’s tennis to promote gender equality; and the UN World Food Programme (WFP) launch “Cricket Against Hunger” with England and Wales to draw attention to the plight of 400 million chronically hungry children around the world. 10 December 2009An international roster of football stars meet SL Benfica of Portugal in Lisbon next month in a United Nations ‘Match Against Poverty,’ with soccer greats Ronaldo of Brazil and Zinédine Zidane of France playing on the same side for the first time in a symbolic demonstration of the urgency of working together to fight the global scourge. read more

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Closing Bell Toronto stock market closes down on European social unrest mixed

TORONTO — The Toronto Stock Exchange pared earlier losses but closed in the red Wednesday as commodity prices lost ground amid a mixed report on U.S. housing and social unrest over austerity measures in Greece and Spain.Here are the closing numbersTSX — 12,232.86 -24.32 -0.20%S&P 500 — 1,433.32 -8.27 -0.57%Dow — 13,413.51 -44.04 -0.33%Nasdaq — 3,093.70 -24.03 -0.77%The S&P/TSX composite index fell 24.32 points to 12,232.86, rebounding slightly from an earlier loss of more than 80 points. The TSX Venture Exchange shed 6.35 points to 1,306.86.The Canadian dollar fell 0.48 of a cent to 101.50 US cents as commodity prices failed to get a lasting boost from an improvement Tuesday in U.S. consumer confidence to its highest level since February.Wall Street markets were also lower, with the Dow industrials average down 44.04 points to 13,413.51, the Nasdaq off 24.03 points at 3,093.70. The broader S&P 500 index was down 8.27 points to 1,433.32.A day after U.S. stocks suffered their biggest retreat in three months on comments from a leading official at the U.S. Federal Reserve, investors were spooked Wednesday by scenes of violent protests in Athens and Madrid that reignited concerns over Europe’s ability to implement the measures needed to deal with its debt.The developments in Europe overshadowed some mildly encouraging data on the state of the U.S. housing market.The median price of new homes sold in August rose by a record amount, while sales of new homes dipped slightly. Sales in August were up 27.7% from a year earlier, but remain at about half the pace economists consider healthy.Stronger data on the U.S. housing market have insulated stocks in recent weeks from a slackening global economy. The other main source of support has been the Federal Reserve’s program to boost the economy by pumping money in. That idea lost some lustre Tuesday after a key Fed official said he doubted it will do much good.But investors were more focused on Europe than on the U.S. housing market news, said Gavin Graham, president of Graham Investment Strategy Ltd.“We may finally be starting to see the turn in what’s been a major drag on growth,” he said.“Maybe now we’re starting to see a little bit of positive news but that’s obviously more of a long-term story. In the meantime when you have rioting crowds in the streets that tends to rather focus people’s attention.”If there are continued worries about Europe being able to achieve a successful resolution to its debt crisis, that could worsen the recession across the Atlantic, lowering demand for commodities, which make up a big portion of the companies on the TSX, he explained.The benchmark New York oil contract was $1.39 lower at $89.98 a barrel, the December gold contract slipped $12.80 to $1,753.60 an ounce and the December copper contract fell five cents to $3.71 a pound.The mining sector was the biggest drag on the TSX as it lost 1.3% with shares in HudBay Minerals down two% or 19 cents to $9.46. That was followed by the energy sector, which fell 0.84% with shares in Suncor Energy down 22 cents to $32.01.In Canadian economic news, the Conference Board said consumer confidence improved this month, following a weak showing in August. The Ottawa-based economic forecaster said its consumer confidence index increased 6.7 points to 82.2.And in Canadian deals, Onex Corp. is leading a $718-million bid to acquire a German manufacturing company, the first European investment for the Toronto-based company’s flagship private equity fund. Onex shares added 13 cents to $38.20.CGI Group has received a five-year contract worth up to US$871-million from the Defense Information Systems Agency. Shares in the company dropped 1.7% 45 cents to $26.38.Investment manager AGF Management Ltd. reported a loss of $13.3-million or 14 cents per share in the quarter ended Aug. 31 compared with a profit of $15.4-million or 16 cents per share a year ago. Shares fell 9% or $1.13 cents to $11.30.And shares of Research In Motion Ltd. gained 6% or 38 cents to $6.88. The move higher followed comments from RIM’s chief executive Thorsten Heins, who told a developer conference Tuesday that RIM has grown its user base to about 80 million at the end of its second quarter.That’s up from 78 million in the previous quarter. RIM is scheduled to report its second-quarter financial results on Thursday after market close.A DBRS report released Wednesday said the net benefit of a $15.1-billion takeover of Nexen Inc. by a Chinese company is “somewhat mixed” because the deal offers only limited direct financial benefits but may help trade relations. Shares in Nexen rose 18 cents to $24.91.Here’s the news investors were watching today:Join our live coverage of RIM earnings ThursdayAnti-austerity protests erupt in Greece, SpainWhat’s in store for the global economy over the next 3 yearsBofA makes the case for $3,000 goldON DECK THURSDAYECONOMIC NEWSCANADA8:30 a.m.Survey of employment, payrolls and earnings (July) UNITED STATES8:30 a.m.Weekly jobless claims: Economists expect 375,000 new claims Real GDP (Q2): Economists expect 1.7% gain annualized Corporate profits (Q2) Durable Goods Orders: Economists expect 5% decline 10 a.m.Pending home sales (Aug): Economists expect 0.3% gain from the month before, 13.5% rise year over year CORPORATE NEWSCANADAResearch In Motion Q2 earnings: Analysts expect a loss of 47¢ UNITED STATESNike Q1 earnings: Analysts expect $1.12 a share Accenture Q4 earnings: Analysts expect 88¢ a share McCormick & Co Q3 earnings: Analysts expect 76¢ a share Micron Technology Inc Q4 earnings: Analysts expect a loss of 22¢ a share read more

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UNESCO chief condemns murders of journalists in Pakistan and Brazil

The head of the United Nations agency tasked with defending press freedom today condemned the killings of two journalists in Pakistan and another in Brazil, and called for measures to increase the safety of media workers. “I am deeply concerned over the killing of Mehmood Jan Afridi and Malik Mumtaz,” the Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), Irina Bokova, said. “Measures must be taken to improve the safety of journalists in Pakistan for the sake of press freedom and freedom of expression, which are essential for democracy and rule of law. I trust that these murders will be investigated thoroughly and that their culprits will be brought to trial.”On 27 February, Mr. Mumtaz was shot dead as he was driving to his home in Miran Shah, the main city of North Waziristan. He worked for Geo News television, Jang Online News and the daily paper News International in both English and Urdu. Mr. Numtaz had reportedly received threats concerning his work in the past.Two days later, Mr. Afridi was gunned down in the city of Kalat in Baluchistan, where he worked for the Urdu language newspaper The Daily Intekhab. According to media reports, he had previously received threatening phone calls. Five journalists have been killed in Pakistan since the start of 2012. UNESCO, in conjunction with press freedom organizations in Pakistan, is currently holding an international conference on the safety and security of journalists in Islamabad, the capital.Radio journalist Mafaldo Bezerra Goes, 61, was shot dead on 22 February in the Brazilian town of Jaguaribe as he was walking to work at radio FM Rio Jaguaribe. He was the host of a programme which often denounced drug traffickers and criminal groups, and was reported to have been the object of death threats. read more

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First ministers of Scotland and Wales threaten constitutional crisis over Great Repeal

first_img“We have repeatedly tried to engage with the UK Government on these matters and have put forward constructive proposals about how we can deliver an outcome which will protect the interests of all the nations in the UK, safeguard our economies and respect devolution. carwyn jones The Scottish and Welsh governments have threatened to withhold their consent for the Great Repeal Bill after it emerged that new powers will not automatically be passed from the EU straight to the devolved administrations.In a joint statement, first ministers Nicola Sturgeon and Carwyn Jones described the European Union (Withdrawal) Bill as a “naked power-grab” that undermined the principles of devolution.David Mundell, the Scottish Secretary, dismissed the claim, insisting that the legislation would lead to a “power bonanza” for the Scottish Parliament, with new powers being transferred north of the border “as soon as possible”.He also confirmed the approval of the Scottish Parliament through a legislative consent motion would be required for the Bill, which is designed to transpose EU law into British law so the same rules apply on the day of Brexit as the day before, but said he was confident it would be forthcoming.In their statement, Ms Sturgeon and Mr Jones said: “This week began with the Prime Minister calling for a constructive and collaborative approach from those outside Whitehall to help get Brexit right.”Today’s publication of The European Union (Withdrawal) Bill is the first test as to whether the UK Government is serious about such an approach. It is a test it has failed utterly. “Regrettably, the Bill does not do this. Instead, it is a naked power-grab, an attack on the founding principles of devolution and could destabilise our economies.” The Welsh First Minister Carwyn Jones The statement continued: “The European Union (Withdrawal) Bill does not return powers from the EU to the devolved administrations, as promised.”It returns them solely to the UK Government and Parliament, and imposes new restrictions on the Scottish Parliament and National Assembly for Wales.”On that basis, the Scottish and Welsh governments cannot recommend that legislative consent is given to the Bill as it currently stands.”The Bill returns powers from the EU to the UK Government, not to the devolved administrations.center_img david mundell David Mundell insisted the Bill would lead to a power bonanza for Scotland Mr Mundell said that separate legislation would be needed to cover areas such as fishing, farming and immigration and a series of further Bills could also require legislative consent from the devolved administrations.He said the return of powers and responsibilities currently exercised by the EU to the UK was a “transitional arrangement” that would allow for the further onward devolution of powers while ensuring the consistency of UK-wide frameworks.In a briefing to journalists, he added: “This is not a power grab, it is a power bonanza for the Scottish Parliament because after this Bill has been implemented the Scottish Parliament will have more powers and responsibilities than it has today and I’m happy to be held to account for that statement once the process has been delivered.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more

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Wealthy divorcee sues lover by serving legal papers on him using WhatsApp

The High Court heard that Ms Gray and Mr Hurley are now fighting over assets worth over £20m, including a fleet of supercars, which Ms Gray says she owns, but which he maintains are “jointly owned”, a farm in New Zealand and an Italian villa. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. A divorcee already worth £90 million has won the right to fight to sue her former lover in the UK over tens of millions of assets after serving court papers on him via WhatsApp.Mandy Gray, 50, is fighting Hamish Hurley, 46, her former fitness coach and physiotherapist after branding him an “emotionally abusive gold digger”.She had insisted the row, which involves assets spread across the globe, should be resolved by the UK courts, while Mr Hurley wanted it decided in his native New Zealand.In what is thought to be the first case of its kind to be reported in open court, Mr Justice Lavender ruled on Tuesday that it had been valid for Ms Gray to serve vital court documents on her him using the WhatsApp message platform while he was in New Zealand and decided the case must therefore be decided in the UK.Ms Gray was previously married to the wealthy American investment banker, Randy Work, walking away with a £90m settlement after they separated in 2013.She then began an intense six-year relationship with Mr Hurley, her former personal health coach, during which they “led an international lifestyle and travelled the world”. Hamish Hurley Hamish Hurley He added: “England was his last known domicile… I have come to the conclusion that England is clearly the appropriate forum for the trial of Ms Gray’s claims.”It was in England more than anywhere else that the relationship at issue was carried on and that Ms Gray entered into transactions or authorised payments, allegedly acting under Mr Hurley’s undue influence and without intending to make gifts to him.”Jonathan Cohen, Ms Gray’s QC, claimed Mr Hurley “expended approximately £7m million of Ms Gray’s money on failed internet marketing business ventures in the United States”, adding: “She was no more than Hurley’s vehicle for his enrichment and he was the archetypal gold-digger, par excellence.”But Mr Hurley’s barrister,  James Bailey QC,  flatly rejected the claims, pointing to 40,000 social media messages the pair had exchanged. He added that during their time together they bought property around the world, with Ms Gray “providing the funds for their joint life together – building for their future. But now she has changed her mind about Hamish, she wants it all back”. The car collection includes a Ferrari 458 Speciale, a Pagani Huayra Coupe, a Pagani Zonda R and a Ferrari F1.The court heard that when their relationship began Mr Hurley had been Ms Gray’s personal coach at the KX Gym in Chelsea, west London, where he worked as a neuromuscular therapist.In January this year Ms Gray ended the relationship despite him proposing marriage “on several occasions”, the judge noted.Mr Hurley, who has launched a rival lawsuit in New Zealand, is claiming a share of the assets, saying they were handed to him as gifts by Ms Gray during their relationship.However, she says that it was her who provided the money to buy the disputed assets and that she never intended to “gift” any part of them to Mr Hurley.Ordering the fight to be heard by UK judges, Mr Justice Lavander said: “Ms Gray issued the claim form in the present action and obtained an order for alternative service, pursuant to which she served the claim form on Mr Hurley by WhatsApp message. I conclude that Ms Gray was entitled to serve the claim form on Mr Hurley out of the jurisdiction.”The judge also said that England was the last known country in which Mr Hurley had made his home at the time Ms Gray launched her lawsuit. read more

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First mine exploration in France for decades

first_imgAs a result of detailed metallogenic and country studies, Variscan Mines has focussed its efforts into Europe and has formed a wholly owned EU subsidiary, Variscan Mines SAS. It has employed an experienced technical team to acquire high quality projects within this highly prospective, but largely forgotten region. In June 2013 Variscan announced that it had secured its first exploration licence in Brittany, France, the first exploration licence granted to a mining company in that country for more than two decades.Now Variscan has received approval for its second exploration licence in France. The St Pierre licence covers an area of 386 km2 around the La Bellière gold mine, which until 1952 is reported to have produced approximately 334,000 oz of gold from ore averaging 12 g/t Au. Mining was conducted intermittently over a strike length of 1.6 km to a maximum depth of 170 m below surface.Gold mineralisation at La Bellière is shear hosted and contains high grade quartz veins up to 16 m wide surrounded by zones of lower grade stockwork mineralisation. The potential of the La Bellière shear system to host multi-million ounce deposits is considered good.The regional exploration potential is also considered excellent, with additional sub-parallel shear zones evident.Aside from two shallow BRGM holes drilled during the 1980s, no significant exploration is believed to have been conducted within the area since 1952.The approval confirms Variscan’s capacity to work together with the French Government and local communities and within the French mining code.Variscan will compile geological data and commence mapping/structural studies to generate short term drill targets around the old mine workings and undertake auger geochemical surveying over the shear zones to define new targets.Additional licence applications covering other prospective French projects are within the approvals process.The Connexion reports this “is just one of more than a dozen requests for licences to mine for metals including copper, zinc and lead, that have been filed with the government.Variscan CEO Michel Bonnemaison said: “They lost the vein in the 1950s, but it should still be there. We’ll see if we can find it again.”“The company has also filed eight other applications for licences to explore for tin, copper, zinc and tungsten at locations across France,” The Connexion reports.last_img read more

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Minister for Education Ruairí Quinn has resigned from Cabinet

first_img Source: Hugh O’Connell/Twitter Updated 12.35pm https://vine.co/v/MUWpHwKOE0BLABOUR TD RUAIRÍ Quinn has announced his resignation from Cabinet.The Minister for Education and Skills made a statement outside Leinster House this afternoon, outlining his plans for the future.The move comes ahead of a Cabinet reshuffle, planned for next week. He said that he will leave Cabinet on the day of the reshuffle.He also confirmed that he will not run for a Dáil seat again. He is currently a TD for Dublin South-East.“Ruairi does his own thing in his own way,” said Labour colleague Joe Costello after the news emerged and reports suggested he was leaving Cabinet before he was ‘pushed out’.He has been a very creative, reforming Minister. It is Ruairí who would make the pro-active decision himself.Quinn himself said that the decision came “sooner than I would have liked” but that it was not an act of petulance. He had widely been expected to be dropped from Cabinet in the reshuffle.https://vine.co/v/MUWDFLjHHdd Quinn: We will win a referendum on same sex marriage— Hugh O’Connell (@oconnellhugh) July 2, 2014 Source: Hugh O’Connell/Twitter Quinn: I made this decision on my own behalf for myself pic.twitter.com/bNPwHABcyD— Hugh O’Connell (@oconnellhugh) July 2, 2014 Quinn said that he had spoken to the Taoiseach, the Tánaiste and his family before revealing his plans to the media today.He would not be drawn on who he wants to succeed him as Minister for Education nor who he favours for the leadership of the party – the result of which will be known on Friday – saying only that he has already cast his vote.He hailed the party’s achievements in government so far and noted that seven or eight of his priorities as Education Minister had been included in the programme for government and most of them have been progressed. The 68-year-old Dublin man has been an almost-consistent presence in the Oireachtas since he was first elected to the Seanad in 1976. A year later, he moved to the Dáil but lost his seat there in 1981. In the same year, he was re-elected as a Senator.He regained his Dáil seat in the 1982 general election and has been a Deputy ever since.As well as leading the Labour party for five years, he has held three ministries, including the Finance and Enterprise and Employment portfolios.On joining the coalition government in 2011, the Labour TD was named the Minister for Education and Skills.Today’s resignation is yet another significant change in the make-up of the government with a new Tánaiste imminent and the Cabinet reshuffle expected before the Dáil breaks for summer recess later this month.- additional reporting from Sinead O’Carroll First published 12.04pm “A nice, decent gentleman” and the inventor of the Euro: Reaction to Ruairí Quinn’s departureDamien Kiberd: Teachers do, literally, run the countrylast_img read more

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Paddy Jackson denied that threesome took place morning after alleged incident court

first_img 125,322 Views Short URL Image: PA Images Updated at 5.30pmA YOUNG WOMAN who attended an after party at rugby player Paddy Jackson’s home said today she “walked in on a threesome”.The woman went back to Jackson’s Oakleigh Park home in south Belfast in the early hours of Tuesday 28 June 2016 with two friends.Also attending the afterparty was Jackson’s teammate Stuart Olding, aged 24, and friends Rory Harrison, 25, and Blane McIlroy, 26, as well as the woman who claimed she was raped in Jackson’s bedroom.Giving evidence at Belfast Crown Court, the witness was asked she saw when she opened the door.Explaining that she and her friend were ready to leave the party at around 4am, and were trying to locate their other friend, the witness said she heard “moaning” coming from a bedroom, thought her friend was in the room, and so opened the door.From the witness box, she told the court she closed the door, turned to her friend and said: “I have just seen a threesome”.The woman was asked about a statement she gave to police in September 2016 about what she had seen.Revealing the door was open for less than a minute, she told police “I would not say that the female was distressed”. When asked by Brendan Kelly QC, the barrister representing, “I presume that remains your recollection”, she replied “100%”.Confirming to Kelly that she saw no signs of the woman in distress and that she didn’t think she had just witnessed a rape, the woman said: “I remember kind of laughing and telling [my friend] I had just walked in on a threesome.”And when asked by Kelly “did you have any concern when you left the room?”, she answered “no”.She was also asked by Jackson’s barrister if she understood the term”frozen in fear”, to which she replied, “you can’t move because you are so scared”. Kelly then asked if she felt the woman was “frozen in fear when you stood watching her on the bed?” She again said “no”.Other witnessesAlso giving evidence were two of her friends who also attended the after party.One who stayed overnight told Jackson the next morning that her friend had walked in on a threesome, to which Jackson shook his head and said it didn’t happen.After having too much to drink and feeling tired, the woman stayed in an upstairs room in Jackson’s home while her two friends left in a taxi around 4.25am.She said she woke up on a sofa the next morning with Stuart Olding lying beside her, and after retrieving her phone, she called her friend.When asked about the conversation she had with her friend that morning, the woman said her friend told her she had walked into a bedroom and saw people having sex.She said she told Jackson that morning about what her friend told her about a threesome. And when asked how Jackson reacted, she said: “He just shook his head and just said ‘no, that didn’t happen’.”I thought he knew what I was talking about, but because he shook his head, I didn’t pursue it any further.She said that after vomiting at the party, she went to bed. She also confirmed that nothing physical occurred between herself and Olding, as she didn’t know he was lying beside her until she woke up at around 9.30am.When asked about the party she attended, she described it as “all quite innocent fun”.  Telling the court she had never met the woman who also attended the party and who claimed she was raped that night by Jackson and Olding, she described her as “quite nice … quiet”.Also giving evidence was another young woman who attended the party with her two friends.This witness said she went upstairs with a third woman to look for their friend so they could all go home.She said that as she and her friend were walking up the stairs to look for their other friend “we could hear some type of noises coming from a room”. She said her friend opened the door then closed it again after a few seconds.When asked what her friend saw in the bedroom, the witness said “she said in a joking way “Oh my God, I have just seen a threesome’.”When asked to elaborate, she said her friend told her it involved Jackson, Olding and the woman at the centre of the claims. The witness added: “She [her friend] said Paddy had joked about joining in.”When she was asked by Jackson’s barrister, Brendan Kelly QC, that when they went back down the stairs “did you have any concern as to what was going on in that bedroom?”, the woman replied “no.”She was also asked about leaving her friend in the house overnight. She said that after looking for their friend, the two women went back downstairs and called a taxi.She was asked if they had “any concern” about leaving their friend in the house, to which she replied: “No, we felt safe the whole time”. And when asked if she “feared” for her friend’s safety, she said, “no, definitely not”.Comments are closed for legal reasonsRead: Rugby rape case: Alleged victim denies she ‘had sex with a number of men’ after going to home uninvitedRead: Jury taken to Paddy Jackson’s home to scene of alleged rape No Comments Paddy Jackson and Stuart Olding Paddy Jackson and Stuart Olding Image: PA Images Tuesday 13 Feb 2018, 5:30 PMcenter_img Tweet thisShare on FacebookEmail this article Share5 Tweet Email1 Feb 13th 2018, 2:32 PM Paddy Jackson denied that ‘threesome’ took place morning after alleged incident, court hears A number of women who attended the party in Jackson’s home today took the stand at his and Stuart Olding’s trial in Belfast. By Ashleigh McDonald http://jrnl.ie/3849876 last_img read more

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No more school trips abroad for Greek students

first_img Facebook Twitter: @NeosKosmos Instagram Greece’s educational system is in turmoil again, following the recent enforcement of a ban that has been in place since spring and bans educational trips abroad for high school students.Following several failed attempts from teacher and student boards to book educational holidays outside of Greece, the Greek government has released a statement defending its decision.The Education Ministry supports that the ban has been enforced to protect financially disadvantaged children from the “trauma” of not being able to afford to join their school peers on international programs.“The decision was made after government officials realised many Greek families were unable to cover the expense of a foreign educational school trip for their children,” the statement explained encouraging schools across the country to organise educational excursions within Greece.The annual final-year five-day recreational excursions, however, are still allowed both domestically and abroad.last_img read more

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Le Polaroid numérique Z340 est commercialisé

first_imgLe Polaroid numérique Z340 est commercialiséPolaroid ravive l’intérêt pour son appareil photo analogique instantané. Ce dernier vient de passer en version numérique ! A l’ère de la photographie numérique, le Polaroid conserve tout son charme mais il ne peut lutter en terme de qualité d’image et de résolution avec les dernières avancées du numérique. Sauf que Polaroid a annoncé la sortie du Z340 qui combine les avantages de l’instantané et du numérique.Grâce à un système d’impression sans encre, un capteur de 14 mégapixels et un écran LCD de 2,7 pouces, le Polaroid Z340 pourrait bien devenir le compagnon idéal des nostalgiques. Le papier sur lequel peuvent être imprimées les photographies est constitué de trois couches de cristaux qui seront activés par la chaleur.Il ne peut cependant contenir que 10 feuilles de papier. LeZ340est dès à présent disponible au tarif de299,99 dollars, soit 218 euros environ. Le papier coûte19,99 dollars pour 30 feuilles, soit un peu moins de 15 euros.Le 13 novembre 2011 à 14:00 • Maxime Lambertlast_img read more

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Microsoft Bill Gates de retour aux affaires

first_imgMicrosoft : Bill Gates de retour aux affaires ?Un proche de l’ancien PDG de Microsoft a confié qu’il pourrait reprendre du service à la place de Steve Ballmer.Et s’il reprenait sa place ? Le magazine Fortune pense savoir que Bill Gates réfléchirait à faire son retour chez Microsoft. La plupart des analystes demandent en effet la démission de l’actuel patron de la firme américaine, Steve Ballmer. Car si Windows 7 a été un grand succès, le retard pris sur le marché des tablettes tactiles fait clairement tâche chez Microsoft.Néanmoins, le prochain Windows 8 unifiera vraisemblablement les tablettes, PC et smartphones sous un même OS. Mais le manque de stratégie globale depuis le départ de Bill Gates semblent énerver les professionnels du secteur et un retour serait donc très bien vu. Reste que ceci reste une rumeur absolument infondée… pour le moment !Le 13 décembre 2011 à 09:06 • Maxime Lambertlast_img read more

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Geek Daily Deals 50 Off Sony Wireless Noise Cancelling Headphones More

first_img$50 off Sony WH1000XM2 Wireless Bluetooth Active Noise Cancelling Headphones with Your Choice of 2 Months of Pandora Plus, Audible Gold, Bluetooth Speaker, or Headphone AmpThe headphones themselves sell for $350 at most big box stores. This deal takes $50 off the price and gives you a selection of freebies to choose from. The WH1000XM2 boasts active noise cancellation and audio quality that’s as good as the pricier Bose QuietComfort 35 (some people say it’s better). This was one of the best selling headphone deals at IGN on Black Friday, but that deal didn’t include the freebies.Get it in Black with 2 Months of Pandora Plus at Walmart for $299.99Get it in Gold with 2 Months of Pandora Plus for $299.99Get it in Gold with 2 Months of Audible Gold for $299.99Get it in Black with Bluetooth Speaker for $299.99Get it in Gold with Bluetooth Speaker for $299.99Get it in Black with FiiO A1 Headphone Amp for $299.99Get it in Gold with FiiO A1 Headphone Amp for $299.99Dell G5 Gaming Intel Core i5-8300H Quad-Core 15″ 1080p IPS GeForce GTX 1060 Laptop for $879.99This is a great price for a budget conscious shopper who still wants a gaming-worthy laptop. Specs include a 15.6″ 1080p IPS display, latest generation Intel Core i5-8300H quad-core processor, 16GB RAM, dual drives (256GB SSD + 1TB HDD), and GeForce GTX 1060 video card.Get it at Walmart for $879.99Back in Stock – Nintendo Smash Bros. Ultimate Pro ControllerThe upcoming Super Smash Bros Ultimate themed controller is in stock on Amazon, but not for long. Besides the Joy-Cons, this Switch Pro is the only other licensed wireless Switch controller that supports motion controls, HD rumble, and built-in amiibo functionality.Get it on Amazon for $74.99Bonus Gift Cards with 4K HDR HDTVs – 80″ Vizio 4K Smart HDTV with $200 Dell eGift Card for $2200Dell’s TV sale is consistently one of the best places to find deals on 4K TVs. The deals are updated every Monday morning so if there isn’t a TV you’re interested in, just check back again. Most of the discounts are in the form of a Dell eGift Card, which can be used on anything at Dell (except other Dell gift cards). That includes gaming consoles, video games and accessories, gaming laptops and monitors, and much more.49″ Sony XBR49X800E 4K Smart HDTV + $200 GC for $749.9955″ 2018 Vizio D55-F2 4K Smart HDTV + $150 GC for $479.9955″ LG 55UJ7700 4K HDR Smart HDTV + $200 GC for $69965″ Vizio M65-D0 4K HDR Smart HDTV + $300 GC for $1199.9965″ Sony XBR65X850F 4K Smart HDTV + $400 GC for $1399.9965″ LG OLED65E7P 4K HDR OLED HDTV + $400 GC for $249780″ Vizio E80-E3 4K Smart HDTV + $200 Dell GC for $2199.99last_img read more

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Coppin State Univ Alum Epps has Rough Time in Rio Olympics

first_imgChristina Epps, the first Coppin State University graduate to make the U.S. Olympic team, has become a hometown hero in Baltimore but endured a rocky performance in Rio. During the U.S. Olympic Team Trials at historic Hayward Field in Eugene, Ore. on July 7, Christina Epps placed second in the women’s triple jump with a mark of 14.17 meters (46-6), securing her a place at the Rio Olympics. Christina Epps of Morristown competes in the triple jump at USA Track and Field’s Outdoor Championships in Eugene, Ore., on June 26. (AP Photo/Don Ryan)Epps did not have an easy road to Rio. She hoped to make the team for the London games in 2012, but was sidelined when she tore her ACL training for the Olympic Trials.“I’ve been chasing the dream of making an Olympic Team since 2012, when I tore my ACL,” Epps told the AFRO in July. “Watching the 2012 Olympic Trials at home when I was injured made me realize how much I had taken my talent for granted and motivated me to work harder to achieve my goal of making an Olympic Team.” Epps almost didn’t make the team this year after she fouled in her first two jumps but gained three more jumps after landing a 13.87 meters (45-5) jump in round three, according to Coppin Sports Information. She assured her place on the team with her fifth jump.“My experience at the U.S. Olympic Trials was an amazing experience, something I can’t describe in words. It was my first trials and definitely one I will never forget,” Epps said. Her trip to Rio, however, did not have a happy ending: Epps failed to make it out of the qualifying round of the women’s triple jump. She finished 15th out of 37 women with a best jump of 14.01 meters (45-10) and just barely missed the cut by .07 meters—a spot held by the lone American remaining in the event, Keturah Orji. Columbia’s Catherine Ibaguen won the gold medal in the event. Prior to the 2016 Olympic Games, Epps was working as an academic advisor in Coppin’s athletics department, while training at the school’s track under the tutelage of her former collegiate coach, Interim Athletic Director Alecia Shields-Gadson.last_img read more

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The Crazy Story of the Insane Man who Shot John Wilkes Booth

first_imgIn April of 1865, the American Civil War was finally over except for a few battles in the Western theater by troops who were unaware of General Robert E. Lee’s surrender. Abraham Lincoln, the sixteenth president, had just been relieved of an enormous burden and decided to take an evening to relax at a performance at Ford’s Theatre before he began the daunting task of putting the country back together.During the performance, disgruntled Southern actor, John Wilkes Booth, snuck up behind the President’s box seat and shot Lincoln in the head.John Wilkes BoothHe swung down to the stage on a curtain, breaking his leg, and shouted what is commonly believed to be Sic Semper Tyrannis, Latin for thus ever to tyrants, he then ran out the backstage door and escaped on a horse.For days after the assassination, rumors of Booth’s arrest were appearing in the papers, but it wasn’t until April 26, twelve days after the assassination, that the twenty-five men from the 16th New York Cavalry surrounded Booth and one of his accomplices, David Edgar Herold, in the barn of John and William Garrett near Port Royal, Virginia.Negotiating with Booth, Lieutenant Doherty, the commander of the men, convinced Herold to surrender, but Booth maintained a defiant attitude even after the barn was set on fire and the walls were crumbling around him.Shown in the presidential booth of Ford’s Theatre, from left to right, are assassin John Wilkes Booth, Abraham Lincoln, Mary Todd Lincoln, Clara Harris, and Henry RathboneOne of the soldiers, Thomas P. “Boston” Corbett, could see Booth through the slats in the walls and determined that Booth was going to run out of the barn with guns blazing. Even though it was ordered to take Booth alive, Corbett took it upon himself to shoot Booth.According to the Evening Star newspaper of Washington D.C., dated April 27, 1865, on page two, Corbett said he had intended to shoot Booth in the shoulder, but the bullet ended up in Booth’s neck and within three hours the assassin was dead.Boston Corbett. Library of CongressCorbett suddenly became the toast of Washington. People congratulated him and slapped him on the back, and Matthew Brady, Washington’s most celebrated photographer, took several photographs of him. The leaders in Washington, however, were upset that Booth had not been taken alive. Corbett was arrested for disobeying orders but was quickly released by Edwin Stanton, the Secretary of War.Corbett, who had been born in London, came to the United States with his parents in about 1839, when he was seven years old. He grew up in Troy, New York and made his living as a hatter.Boston CorbettHe later moved to Danbury, Connecticut and married a local woman. She and their infant child died in childbirth, causing Corbett to begin drinking, drifting around from town to town, and losing his desire for life. Confronted by a street preacher in Boston, Massachusetts, he saw the error of his ways and quickly became a member of the Methodist Episcopal Church.He was baptized and changed his name to Boston to honor the city in which he had received his awakening. His newfound religion took over his life, and he became a fanatic who sat on street corners loudly professing the glory of God. In order to remain completely pious, he castrated himself, went to dinner and a meeting, and then checked himself into a hospital.Sgt. Boston Corbett, Union Army.Corbett joined the army at the outbreak of the Civil War, but his religious zeal caused him to butt heads with his superiors, and he was court-martialed in 1863.He rejoined the army with the New York 16th but was captured by Colonel John Mosby and sent to Andersonville prison for five months where he endured some of the worst possible conditions faced by Union prisoners.In 1864, he was released and sent to the Army hospital in Maryland to recover. Corbett received a promotion to sergeant and was discharged in 1865.Wanted poster for John Wilkes Booth, John Surratt, and David Herold (1865)Corbett resumed his trade as a hatter and drifted around New England preaching and giving lectures until he had become so unhinged, he began believing people were after him.He thought the lawmakers in Washington and Booth’s sympathizers were looking for him, so he began carrying weapons with him at all times. He threatened anyone who disagreed with him over a religious matter, even his employers.John Wilkes Booth.Because of his paranoia, Corbett moved west to Kansas where he built a small dugout cabin with holes in the walls so he could shoot anyone who came near his property. He was arrested for threatening the townspeople, and during his hearing, threatened the entire courtroom with his two revolvers.Doctors have determined that the mercury used in the hat-making trade at the time was probably the reason for Corbett’s descent into insanity. According to American Scholar.com, the symptoms of mercury poisoning include fits of anger and violent behavior, exaggerated response to stimulation, diminished self-control, anxiety and insomnia—all of which Corbett demonstrated.In 1887, he received an appointment as doorkeeper for the Kansas House of Representatives, but less than a month later, he became convinced that the members of the House were plotting against him.Read another story from us: Unknown Civil War Faces are Being Identified Through Facial Recognition AppOn February 15th, he brought his guns to work and threatened the Speaker of the House, the press, and the staff. He was taken away to the insane asylum in Topeka. In 1888, he escaped on a stolen horse and bought a train ticket with the intention of going to Mexico. That was the last time anyone saw or heard from Boston Corbett.last_img read more

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Amazon Plans To Launch Online Food Delivery Service In India

first_img All Search DEAL OF THE DAY Wow facts 4Share this videoCopyPausePlay00:00% Buffered0PreviousPausePlayNextLive00:00 / 00:00UnmuteMuteExit fullscreenFullscreenCopy video urlPlay / PauseMute / UnmuteReport a problemLanguageBackMox PlayerDefaultEnglishEspañolУкраїнськаРусскийadvertisementIndian daily newspaper Business Standard reported on Monday that Amazon was in talks to buy local unit of Uber Eats.”Amazon is learnt to be in talks on a possible buyout of the local unit of Uber Eats, the food order and delivery platform hosted by the San Francisco-based travel aggregator,” Business Standard reported. “The talks for a buyout are in initial stages and a possible strategic alliance could also be explored.”Catamaran, Amazon, and Uber have declined to comment and respond to the report.India’s Food Delivery Service Industry Dominated By Local StartupsIndia’s rising middle class has driven the growth of the online food delivery service sector. According to research firm RedSeer Consulting, the number of online food orders increased by 176 percent in 2018.The industry is currently dominated by local startups Swiggy and Zomato. Uber Technology launched a food delivery service in India in 2017, but it was unable to keep up with the local market leaders.Uber rival Ola, which launched its food delivery service and bought Foodpanda to the country in 2017, has now refocused its business on its own brand of kitchens.Food Delivery To Attract Customers For Amazon’s Other ServicesOne of the sources said that Amazon’s move to get into the food delivery service in India can help the company attract customers for its other services. Amazon launched its Prime services in India in 2016, and now offers video and music streaming, as well as grocery delivery in many Indian cities.News about the e-commerce company’s foray into the food delivery business in India comes just a month after its Amazon Restaurants business stopped operation in the United States. TAG Amazon, UberEats, India, Food Delivery ⓒ 2018 TECHTIMES.com All rights reserved. Do not reproduce without permission. ENDS IN Ads by Amazon Bestseller AllVideo On Demand: Rent or BuyClothing & AccessoriesMajor AppliancesArts, Crafts & SewingAutomotiveBaby & NurseryBeauty & GroomingBooks & TextbooksCollectible CoinsCamera & PhotoCell Phones & AccessoriesClassical MusicComputers, Tablets & ComponentsBlu-Ray & DVDElectronic Components & Home AudioEntertainment CollectiblesVideo GamesOther Gift Card BrandsGrocery & Gourmet FoodPatio, Lawn & GardenHealth & HouseholdBusiness & Industrial SuppliesJewelryKindle StoreKitchen & DiningMagazinesMiscellaneousDigital MusicCDs & VinylMusical InstrumentsOffice & School SuppliesPet Food & SuppliesPatio, Lawn & GardenShoes, Handbags, Wallets, SunglassesSoftwareSports CollectiblesSports & FitnessHome ImprovementToys & GamesVHSVideo GamesWatches Close Amazon is reportedly planning to launch an online food delivery service in India. The e-commerce company aims to start operation ahead of September, when the country’s festival season is in full swing.  ( Bryan Angelo | Unsplash ) Reports have revealed that e-commerce company Amazon is eyeing to be a player in India’s online food delivery industry, which is currently being dominated by local startups.Working With Local Partner In IndiaCiting sources who declined to be named, Reuters reported that Amazon is working with local partner Catamaran, founded by Infosys cofounder Narayana Murthy, and has started to hire staff for the new operations.One of the sources said that the company wants to launch its new service delivering food from restaurants and takeaway food outlets before September, when India’s festival season will be in full swing. Ads by Amazonlast_img read more

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Atypicals Brigette LundyPaine comes out as queer

first_imgGAYSTARNEWS- Sara Ramirez’s Madam Secretary character comes out as bisexualGay guy attacked with rocks after leaving queer festival Mighty HooplaA lesbian Queer Eye is in the making and this is how you can helpRead the full article on Gaystarnews:  :https://www.gaystarnews.com/article/atypicals-brigette-lundy-paine-comes-out-as-queer/ Bridgette Lundy-Paine as Casey in Atypical eTN Chatroom for Readers (join us) The showAtypical is a half-hour sitcom that follows a Sam (Keir Gilchrist), a high school senior on the autism spectrum. Sam feels like an outsider and struggles to find love and acceptance. Lundy-Paine plays Sam’s younger sister, Casey.Though mainly about living with autism, many LGBTI people can relate to the plot line of feeling like they don’t belong.Coming outSpeaking to The Advocate about the newest season of the show, Lundy-Paine came out as queer to the world. She discussed how the character of Sam helped her come to terms with her own queer identity.‘Sam feels like a deep part of myself that I am only now beginning to let out: the insecurities and the complete confusion with the system and the rules that have been laid out for him,’ the 25-year-old actress said.‘I think this show is actually really queer even though it hasn’t yet explicitly been so,’ she stated.center_img Brigette Lundy-Paine, who stars on the Netflix original show Atypical, recently came out as queer. Lundy-Paine reflected on how many fans have thanked her for her role on the show. Not only did people with autistic family members find comfort in the show, but so did LGBTI people.‘I can’t quite tell if it’s my presence as Brigette or the show,’ she said. ‘But I’ve gotten some really, really lovely messages [from the LGBTQ community].’‘I literally think I got a message from someone that said, “Your performance as Casey made me come out as trans.” I don’t know why, but I love that so much.’Fortunately, Lundy-Paine had a relatively easy time coming out.‘I come from a very queer family,’ she said. She noted how various members of her extended family have been on the frontlines of advocating for LGBTI rights.‘I feel grateful to be part of such an expanding queer community,’ she said. ‘And there’s something about Atypical that feels part of that.’Anything else?Season 2 of Atypical is now streaming on Netflix. Watch the trailer below:[embedded content]Got a news tip? Want to share your story? Email us . Share this:TwitterFacebookLike this:Like Loading…last_img read more

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Venezuelas currency collapses 30 percent on black market

first_imgThe stunning collapse of Venezuela’s bolivar in black market trading this month — it fell to as low as 423 bolivars per dollar from 279 at the start of the month — has left Venezuelans scratching their heads, with many wondering why it has sunk below the value of gold and hard currency the central bank has to back it.Venezuela has maintained strict currency controls since 2003 and currently has three legal exchange rates of 6.3, 12 and 199 bolivars per dollar used for priority imports. On the black market, where people and businesses turn when they can’t obtain government approval to purchase dollars at the three legal rates, the bolivar has weakened 82 percent in the past year to 397 bolivars per dollar on May 26, according to dolartoday.com, a widely watched website that tracks the exchange rate in the Colombian border city of Cucuta.While steep, the 29.7 percent decline this month is not unprecedented. The currency fell 33.3 percent in November of last year, 19.7 percent in January 2014 and 25.7 percent in October 2013. Monthly losses of more than 10 percent became frequent starting in mid-2012. Since the start of 2011, the currency has increased in value in only 10 of the past 53 months. The general trajectory has been down, and fast.The country’s annual inflation rate stood at a reported 69 percent in December, the last month the central bank reported data. Barclays Plc said on May 20 that inflation was currently in the “triple digits.” Foreign reserves fell to a 12-year low of $17.5 billion on May 22.Something has changed, though. For years, the black-market rate had closely tracked the so-called implicit rate — the number of bolivars in circulation divided by foreign reserves. Sometimes it even came in below the implicit rate, meaning people had confidence that bolivar was worth more than just the gold and cash the central bank had to back it up.That all started to change last year though, with the black market rate starting to accelerate far ahead of the implicit rate. Even with Venezuela’s international reserves at a 12-year low, which weakens the implicit rate as the central bank has less assets to back its ever-expanding money supply, the black- market rate is now about three times higher than the implicit rate.“Why are Venezuelans now looking at the price of the dollar in Cucuta instead of the implicit rate? Because it’s the most expensive price,” Ronald Balza, an economist at the Andres Bello Catholic University in Caracas, said in an interview. “Dollars are assets that Venezuelans don’t want to exchange for the bolivar, because they feel the bolivar is going to lose value.”To put it simply, it appears that Venezuelans have lost all faith in the bolivar and seem willing to pay whatever it costs for greenbacks. How low the bolivar will continue to slide is anyone’s guess. But if history is a guide, there doesn’t appear to be a limit.© 2015, Bloomberg News Facebook Comments Related posts:Dollar soars on Venezuela’s new currency exchange Venezuela’s crackdown on sales of everyday goods risks alienating loyalists Venezuela’s bizarre response to McDonald’s running out of french fries Venezuela rating cut by Moody’s as oil plunge hits financeslast_img read more

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Warren Leaves CFPB for Harvard

first_imgWarren Leaves CFPB for Harvard Share July 26, 2011 424 Views Agents & Brokers Consumer Financial Protection Bureau Elizabeth Warren Lenders & Servicers Processing Richard Cordray Service Providers 2011-07-26 Ryan Schuettecenter_img in Government, Origination, Servicing After a year of controversy, back-and-forth hearings, and battles on Capitol Hill, “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov (CFPB) architect and advocate Elizabeth Warren will depart from the bureau and return to an endowed position at “”Harvard Law School””:http://www.law.harvard.edu/index.html come August.[IMAGE]In a statement released late Tuesday, the “”Treasury Department””:http://www.treasury.gov/Pages/default.aspx verified Warren’s departure, effective August 1, saying she would resume her post as Leo Gottlieb professor of law at the Ivy League university. Raj Date, the bureau’s associate director of research, markets, and regulation, will replace her as special adviser the Treasury secretary on matters related to the CFPB.””Professor Warren has done an extraordinary job standing up the Consumer Financial Protection Bureau. Her efforts to simplify mortgage and credit card disclosures, protect military families from abusive and deceptive financial practices, and bring aboard top talent like Richard Cordray and Raj Date have built a strong foundation for the Bureau’s future success,”” Treasury Secretary Tim Geithner said in the statement. [COLUMN_BREAK]””Raj has an impressive background in financial services, academia, government, and non-profit organizations, and I am pleased that he will serve in this new capacity as the CFPB continues moving forward with its important work,”” Geithner added.Warren leaves her brainchild on the heels of her withdrawal as nominee for the CFPB’s directorship. Last week “”President Barack Obama””:http://www.whitehouse.gov/administration/president-obama announced the decision to front CFPB enforcement chief Richard Cordray for the position.The president had thanked Warren on the occasion of the announcement, “”not only for her extraordinary work standing up the new agency over the past year, but also for her many years of impassioned leadership, and her fierce defense of a simple idea: ordinary people deserve to be treated fairly and honestly in their financial dealings. This agency was Elizabeth’s idea, and through sheer force of will, intelligence, and a bottomless well of energy, she has made, and will continue to make, a profound and positive difference for our country.””Date will assume responsibility for day-to-day affairs and operations at the Treasury Department. Last month “”_Bloomberg News_””:http://www.bloomberg.com/news/2011-06-08/obama-eyes-ex-banker-for-consumer-chief.html circulated reports that Obama would replace Warren, a polarizing figure on Capitol Hill, with the associate director.With Date now the special adviser, Cordray will advance into the Senate hearings that Warren now leaves behind for Harvard.last_img read more

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How OverOptimistic Homebuyers Could Inflate Next Bubble

first_img in Data, Origination, Secondary Market, Servicing bubble,How Over-Optimistic Homebuyers Could Inflate Next Bubble June 20, 2012 428 Views Agents & Brokers Asking Prices Confidence Debt Crisis Euro European Union First-Time Homebuyers For-Sale Homes Home Prices Home Sales Homebuilders Housing Affordability Housing Permits Housing Starts Investors Jobs Lenders & Servicers Processing Residential Construction Service Providers Sustainability Valuation 2012-06-20 Ryan Schuettecenter_img Share Renters and first-time homebuyers want more amenities in their first homes and generally feel a sense of optimism that outpaces the reality in a slowly recovering housing market ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a disconnect that could set the stage for the next housing crisis.[IMAGE]Those are the findings that real estate company “”Trulia””:http://www.trulia.com/ unveiled in an American Dream survey it released Wednesday. Harris Interactive surveyed more than 4,000 adult respondents twice in May.Of 86 markets in the 100 largest metro areas, 61 percent, or nearly two-thirds, of Americans believe that home prices will rise over the next year, according to the company.Many of these believe that home prices will return to highs seen before the crisis in the next decade. Just how many? Fifty-eight percent.High hopes for home prices weren’t the only warning signs for Trulia.While 62 percent of renters envisioned en-suite master bathrooms, for example, only 26 percent of first-time homeowners got their wishes. The same went for renters who wanted walk-in closets (56 percent) [COLUMN_BREAK]and gourmet kitchens (50 percent) and those for whom reality fell short (35 percent and 9 percent, respectively.)The same disconnect took place for renters who wanted pre-wired entertainment systems (31 percent), pools (24 percent), and hot tubs (22 percent) and had to face reality (7 percent, 10 percent, and 6 percent, respectively). “”That’s the kind of optimism that led us to the last bubble, and if that type of optimism persists, [it] could lead us to the next housing bubble years from now,”” “”Jed Kolko””:http://www.trulia.com/about/people/jed-kolko, chief economist with Trulia, said during a phone call earlier Wednesday.He said that markets where the bubble “”wasn’t very steep”” ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô including Pittsburgh, Houston, and swaths of Texas ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô would likely escape another severe bust. Cities with slacking job demand and unstable prices ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Detroit, Las Vegas, and Sacramento, among others ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô would more likely feel the burn from over-optimism by comparison.””It is very unlikely prices will return to those highs”” in those cities in the next decade, he explained, and pent-up demand, fueled by unrealistic expectations, could lead residential construction back to an unsustainable peak. He added that construction remains the industry’s laggard at the moment.Where’s the housing recovery headed? If the signs mean anything ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô construction, foreclosures, delinquencies, home sales ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô “”normal should come early in 2016.””Still, he added, “”there are many risks to the housing recovery. The euro zone crisis, big questions about the American budget and what that means for interest rates and the economy, and foreclosures that are still to come, in many local areas, are all potential threats to the housing recovery. These are all factors that could set us back.Concluded Kolko: “”So the recovery, while it continues, is slow, with the risk of bumps, and that’s the reality that consumer optimism right now is outpacing.””last_img read more

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