Contents

  • 1 Wikinews News Brief, February 27 2008 0430 UTC
    • 1.1 Introduction
    • 1.2 Events of worldwide notability, military action, disasters etc.
      • 1.2.1 Kenya peace talks put on hold
      • 1.2.2 Jersey child abuse case ‘was not covered up’
      • 1.2.3 Nigerian election result will not be annulled
      • 1.2.4 Iraq demands immediate withdrawal of Turkish troops
    • 1.3 Non-disastrous local events with notable impact and dead celebrities
      • 1.3.1 Massive blackouts hit Florida
      • 1.3.2 Thousands protest privatisation of Australian electricity industry
      • 1.3.3 Pakistan’s ban on YouTube lifted
      • 1.3.4 Minor earthquake shakes England
    • 1.4 Business, commerce and academia
      • 1.4.1 Seeds placed in Norwegian vault as agricultural ‘insurance policy’
      • 1.4.2 Michael Jackson’s Neverland Ranch to be auctioned off
      • 1.4.3 Microsoft Network users experience international outage
      • 1.4.4 Video hosting website Stage6 to shut down
    • 1.5 Arts and culture
      • 1.5.1 N.Y. orchestra helps forge relations with North Korea
    • 1.6 Footer

[edit]

Monday, September 20, 2010

One of London’s most well known murals could be restored after years of neglect if plans by a group of community activists gain public support. The Fitzrovia Mural at Whitfield Gardens on London’s Tottenham Court Road was created by two mural artists and commissioned by Camden Council in 1980, but the mural has since decayed and been vandalised.

Plans will be presented at a public meeting this Tuesday, to include details of the restoration and promote local public space in contrast to potential commercial developments and the focus of the London 2012 Olympics. If enough funds are raised from charitable trusts and public donations the mural could be restored during the summer of 2011.

Plans to be put forward by the Fitzrovia Neighbourhood Association, and the London Mural Preservation Society, will present ways to fund not only the restoration work but also projects to raise awareness of conservation, heritage, and the residential and working community. The heritage and mural project hopes to involve many local people who could learn new conservation skills. Also planned are workshops with local children to involve them in their heritage, an exhibition by local artists, guided tours and a celebratory event at the end of the restoration project. In addition to this, a booklet would be produced containing collected oral histories of the people involved and a preservation trust to protect the mural in future years.

The playful painting was created on a Camden Council-owned building in 1980 by artists Mick Jones, (son of the late Jack Jones, trade union leader) and Simon Barber and is a mash up of scenes depicting problems faced by the neighbourhood over the preceding decade.

There is also a caricature of poet Dylan Thomas, who lived in Fitzrovia, and a mocking portrayal of then leader of the Greater London Council, Conservative politician Horace Cutler, who is pictured as a bat-like creature. Other characters include an anonymous greedy developer and a property speculator counting piles of cash.

Peter Whyatt of the neighbourhood association is jointly leading the project to restore the mural. Yesterday he told Wikinews he had a number of concerns about the possible success of the project.

“There are a great number of problems with getting this project off the ground and we also need to act pretty quickly for a number of reasons,” said Mr Whyatt.

“Firstly the mural is in a terrible state and deteriorating quickly. There is more graffiti being daubed on the site every month because one bit of graffiti attracts another bit. We really need to start the work in the next 12 months because going through another winter with the condition of the wall will causes more problems and inevitably more expense. We want to keep as much original artwork on the site as possible to keep the costs down. This is a big mural and it will be expensive to restore,” he continued.

“And that brings me to my second concern: cost. If we don’t get other community organisations on board to bid for money for this with us and to involve their beneficiaries and volunteers, it will be very difficult to secure the money needed. Money is very tight at the moment because to the current financial climate. We need to get support at this meeting on Tuesday and some firm commitments from people and organisations to get involved.

“Lastly there is a danger of a commercial development on the site. A public-private partnership to create a new art feature. Because of the existing mural’s subject matter – it mocks property speculators, and land developers, etc – a commercial scheme probably backed by a property developer would not want to restore the mural’s original message. They’d want some “good news” scheme, some greenwash idea that paints them in a positive light.

“However, despite these problems, Camden Council have offered to do a condition survey on the mural. This will save us a lot of money. But having said that there are five council departments to deal with to get permission for this restoration work, and they don’t always talk to each other.

“But if the public and local voluntary organisations show their support, we can make it happen,” Mr Whyatt concluded.

The mural restoration will be just one part of a year long project of heritage and conservation awareness-raising. “The project is not just about the mural but also wider plans to promote awareness of heritage and conservation in an area of London under threat from commercial development. In fact the bulk of the project is about the heritage and conservation and the mural is just one part of it, and the most visible because of its situation,” Mr Whyatt later added.

There will be a public meeting about the heritage and mural project at 7.30 pm tomorrow (Tuesday), at the Neighbourhood Centre, 39 Tottenham Street. The public can also comment about the proposals on the Fitzrovia Heritage and Mural website.

Friday, March 11, 2005

A Lockheed-Martin built Atlas V launch vehicle, successfully launched from Cape Canaveral, Florida at 21:42 UTC (4:42 p.m. EST). It placed the Inmarsat 4 F-1 communications satellite into orbit. This was Lockheed-Martin’s second try to launch the satellite. Yesterday’s attempt ended in a scrub when the flight control computer passed a red-line with less than three minutes remaining in the countdown.

This was the fifth launch of the Atlas V vehicle, and the first launch where the rocket used three of the first stage, Aerojet built, solid rocket motors. It also had the narrower 4 meter payload fairing.

For the first part of the flight, the rocket was powered by a common booster core with two RD-180 rocket engines plus three solid rocket motors. When their fuel was expended the solid rocket motors burned out and were jettisoned.

The common booster core then continued pushing the payload and upper stage, with its two RD-180 engines producing 806,000lbf of thrust. The common booster core expended its fuel around four and a half minutes into the flight. At this point the first stage common booster core separated from the upper stage and payload.

After the stage separation, the Centaur upper stage started its engine and burned for nearly ten minutes. During this burn, the payload fairing separated from the spacecraft, leaving the satellite exposed on the nose of the rocket in the vacuum of space. When the ten minute burn was up, the Centaur coasted with the satellite for another ten minutes waiting to get to the optimal point for the final burn. At around 24 minutes into the flight, the final burn of the Centaur stage occurred, placing the spacecraft in a super-synchronous transfer orbit. After this burn was complete, the Centaur separated, leaving the spacecraft on its own.

Now the spacecraft must attempt to open its solar arrays and place itself in the final geostationary orbit. Because of this special type of orbit, where the spacecraft goes around once every 24 hours, the satellite will appear to sit in one place over the equator. From this location, Inmarsat will use it to provide BGAN (Broadband Global Area Network) which is a 3G compatible, 432kbit/s data service, to much of the world.

The Atlas vehicle was rolled out of its vertical integration facility 1800 feet from the launch pad early yesterday morning (before the first launch attempt). The reason for this launch day move is because of the clean pad concept.

Past American rockets (with the exception of the Saturns and Space Shuttles) have always been assembled on the launch pad. In the case of a delay in launching, this would cause delays in all the rockets that needed to be launched after the one that experienced the delay. With the new clean pad concept, rockets can be assembled and checked out before being moved to the pad, saving delays in the schedule.

The launch tower and rocket move out to the pad along a set of railroad tracks, making the 1800 foot journey in approximately half an hour, topping out around two miles per hour.

Because of the clean pad concept, none of the launch control electronics or spacecraft environmental systems are on the pad. Instead, they are run along the railroad tracks with the rocket as it moves to the pad on launch day. When they get there, they slide into concrete enclosures so that they are not destroyed during the rocket launch.

Friday, July 20, 2007

On Friday, a group of hikers and 18 boy scouts were airlifted by helicopters away from a wildfire in Nephi Canyon, Utah. The hikers and scouts escaped into a rough rocky area to keep a safe distance from the dangerous wildfire after it advanced on their campground.

The wildfire started in a campground in Salt Creek Canyon, 85 miles from Salt Lake City, and has burned 13,000 acres across 20 square miles as of Friday. The fire has burned a campground and motel, and forced the evacuation of all campgrounds and cabins in its path.

Wednesday, December 24, 2014With the English-language Wikinews continuing to increase the amount of original content published, we take a look back at some of the eighty-plus original reports from our contributors during 2014.

Thursday, December 13, 2007

Victoria Wyndham was one of the most seasoned and accomplished actresses in daytime soap opera television. She played Rachel Cory, the maven of Another World‘s fictional town, Bay City, from 1972 to 1999 when the show went off the air. Wyndham talks about how she was seen as the anchor of a show, and the political infighting to keep it on the air as NBC wanted to wrest control of the long-running soap from Procter & Gamble. Wyndham fought to keep it on the air, but eventually succumbed to the inevitable. She discusses life on the soap opera, and the seven years she spent wandering “in the woods” of Los Angeles seeking direction, now divorced from a character who had come to define her professional career. Happy, healthy and with a family she is proud of, Wyndham has found life after the death of Another World in painting and animals. Below is David Shankbone’s interview with the soap diva.

Contents

  • 1 Career and motherhood
  • 2 The politics behind the demise of Another World
  • 3 Wyndham’s efforts to save Another World
  • 4 The future of soap operas
  • 5 Wyndham’s career and making it as a creative
  • 6 Television’s lust for youth
  • 7 Her relationship today to the character Rachel Cory
  • 8 Wyndham on a higher power and the creative process
  • 9 After AW: Wyndham lost in California
  • 10 Wyndham discovers painting
  • 11 Wyndham on the state of the world
  • 12 Source

Monday, December 11, 2006

There are suppositions that the US Democratic Congress may re-establish the luxury taxes, which were already once introduced in the 1990s. The suppositions resulted in the National Association of Watch and Clock Collectors commissioning a report on various tax issues.

Material goods such as jewelry, watches, expensive furs, jet planes, boats, yachts, and luxury cars had already been subjected to additional taxes back in 1990. After 3 years these taxes were repealed, though the luxury automobiles tax was still active for the next 13 years.

Rodderick A. DeArment, a representative of law firm and lobbyist Covington and Burling, guided the report. The report outlined the fact that, in 1993, the Congress did not collect as much money from the luxury taxes as it had predicted. It also stated that although its ravaging effect on employment in several industries was sensible, “the turnover that occurred in Congress made it possible for the new group to learn the same lessons again”.

The luxury tax could produce unpredictable effects for the watch industry and the report was meant to inform the members of this branch about the effects of these taxes on this luxury goods’ industry.

Saturday, October 4, 2008

The U.S. Senate passed a revised bailout bill designed to help the struggling U.S. financial economy, which has measures nearly identical to the bill rejected by the U.S. House of Representatives on Monday.

“Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy,” said Senate Majority Leader Harry Reid.

The new revisions include raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110 billion in tax breaks, earmarks and what has been called pork barrel spending is not offset by any increases in revenues and has added opposition to the bill from some Representatives in the House.

Earmarks added into the bailout bill included $192 million in tax rebates for the Virgin Islands rum industry, $148 million in tax cuts for the wool industry, $100 million tax cuts to the auto racing industry, and $48 million in Hollywood tax incentives.

Vice President of Taxpayers for Common Sense, Steve Ellis, offered his explanation for the pork and earmarks added in. “People who support some of these provisions will forget about the $700 billion and concerns they may have on that, and say, ‘If you give me a few million in tax breaks for my constituents, I’ll go along'”.

The tactic seems to have worked, however, managing to flip enough votes to pass the bill.

“The inclusion of parity, tax extenders and the FDIC increases has caused me to reconsider my position,” said Representative Jim Ramstad (R Minnesota), who voted against the previous bill on Monday. “All three additions have greatly improved the bill.”

But Representative Marcy Kaptur (D Ohio) was not changing her no vote. “I will not support this legislation because it’s the wrong medicine,” she said.

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The Senate took H.R.1424, a bill originating in the House concerning “equity in the provision of mental health and substance-related disorder benefits under group health plans, to prohibit discrimination on the basis of genetic information with respect to health insurance and employment,” and extended it with the bailout provisions.

H.R.1424 was introduced on March 9, 2007, by Rep. Patrick Kennedy (RI-1) and had the support of First Lady Rosalind Carter. It is noted on the Congressional Website that “On 10/1/2008, the Senate passed H.R.1424 as the vehicle for the economic rescue legislation. In the EAS version of the bill (Engrossed Amendment as Agreed to by the Senate), Division A (pp.1-110) is referred to as the Emergency Economic Stabilization Act of 2008; Division B (pp. 110-255) is referred to as the Energy Improvement and Extension Act of 2008; and Division C (pp. 255-441) is referred to as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.” It was not treated as an appropriations bill in the House.

There were two votes in the Senate. The first was to amend H.R.1424, which required 3/5 to be accepted, which it was. The second was a vote on the bill. Passage of the Bill required only a 1/2 majority. It was passed with 74 yeas and 25 nays. Senator Kennedy did not vote.

Tuesday, May 2, 2006

Beginning Monday morning, many BlueFrog and Blue Security users began receiving an email warning them that if they did not remove their email addresses from the Blue Security registry, they would begin to receive huge amounts of unsolicited email. As quickly as four hours after the initial warning message, some users began to receive an unprecedented amount of spam. Most of the messages were simply useless text. Users reported that Blue Security’s website was unavailable or extremely slow in responding.

Blue Security is an online community dedicated to fighting spam. As they became more popular, their member list increased substantially. The members’ email address is encrypted and added to a list of e-mail addresses that wish to stop receiving spam. Blue Security maintains the encrypted list, which uses an encrypted hash function. Spammers are encouraged to remove all addressed from their email list that are also in Blue Security’s Do Not Intrude Registry by using free compliance tools available at Blue Security’s web site.

According to Blue Security’s web site, “A major spammer had started spamming our members with discouraging messages in an attempt to demoralize our community. This spammer is using mailing lists he already owns that may contain addresses of some community members.” Reportedly, Blue Security has received complaints from users about spam allegedly sent from Blue Security promoting their anti-spam solution and web site.

Blue Security states they are “an anti-spam company determined to fight spam and as such never has and never will send unsolicited email.” There are also reports of non-users of BlueSecurity/BlueFrog receiving the warning emails, which now seems is also being sent to email addresses of people who have never added their email address to Blue Security’s Do Not Intrude Registry.

In the wake of the ongoing real estate recession, the federal government has introduced a variety of measures designed to protect consumers and weed out unprofessional or predatory mortgage loan originators. One of these actions has been the creation of a new federal agency, the Consumer Financial Protection Bureau (CFPB).

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) established the CFPB, which was launched in July 2011. Here’s the mission statement of the CFPB: “The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans – whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”

The basic idea is to heighten government accountability by consolidating into one place a variety of responsibilities that had previously been scattered across various government entities. The CFPB is like a one-stop-shopping center for consumer financial affairs.

Let’s explore what this means to you, the mortgage lending professional, and to your clients. The CFPB’s activities cover three areas: to educate consumers; to enforce federal consumer finance laws; and to gather and analyze relevant information.

What the CFPB Can and Cannot Do

At this time, the CFPB only has the authority to enforce existing regulations that were previously under the control of other agencies. With one or two exceptions discussed below, there are no new CFPB-created laws or regulations that mortgage industry professionals need to learn about. There’s a political reason for this, which I’ll cover later in the article. The CFPB can only streamline existing functions and act as a clearinghouse for consumer complaints.

New Mortgage Disclosure Form

One program that directly impacts lenders is “Know Before You Owe.” This is a participatory effort that consumers and MLOs access through the CFPB’s website at consumerfinance.gov.

As required by federal law, consumers who apply for a mortgage loan receive two forms: a two-page Truth in Lending disclosure form and a three-page Good Faith Estimate. By informing consumers and allowing them to compare mortgage offers, the forms are supposed to help the consumer pick the mortgage product that’s best for them.

The two current forms have overlapping information and can be confusing to consumers. They also needlessly drive up costs and the regulatory burden on lenders. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFRB, mandated that the CFRB combine these two forms into one.

[youtube]http://www.youtube.com/watch?v=Q4wGz8_RyjU[/youtube]

To this end, during the summer of 2011 the CFPB posted on its website two different mortgage loans using the same draft version of a new, simpler disclosure form. Consumers and MLOs are invited to comment.

MLOs can click on the “switch to the industry tool” icon to be taken to the page that features two prototype loan documents for a typical $121,000 loan. The samples (called “Jasmine” and “Nandina”) can be downloaded as pdfs. The prototype forms you can review are designed to combine both the Good Faith Estimate and the initial Truth in Lending disclosure, as mandated by the Dodd-Frank Act. You are invited to review the two loan estimates and choose the loan that you would recommend to your clients.

The CFPB promises that they will post drafts throughout the process, and give consumers and MLOs a quick, simple way to offer opinions on what works and what doesn’t. In the end, the new unified disclosure form will have to work for the consumers and lenders who rely on it every day.

Consumer Mortgage Counseling

For consumers facing foreclosure, the CFPB offers a website portal that helps the consumer get connected to a HUD-approved housing counselor. At no cost to the borrower, the counselor can help them work with their mortgage company to try to avoid foreclosure. The housing counselor will help the borrower organize their finances, understand their mortgage options, and hopefully find a work-out solution that works for them.

HUD provides an online list of foreclosure prevention resources arranged by state. Military members or veterans can call or visit the Veteran Administration’s home loan website to get personalized assistance.

The CFPB encourages at-risk homeowners to call and report foreclosure prevention and loan modification scammers who promise “guaranteed” or “immediate” relief from foreclosure, and who might charge very high fees for little or no services.

For low-income consumers who think they may need legal advice, the CFPB provides a link to the website of the Legal Services Corporation. The LSC is an independent 501(c)(3) nonprofit corporation that promotes equal access to justice and provides grants for high-quality civil legal assistance to low-income Americans. The LSC website features a state-by-state directory of organizations offering consumer legal services.

Regulating Mortgage Loan Servicers

Consumer advocates assert that unscrupulous loan servicers do not keep accurate records of ownership payments and escrow accounts, and then falsify court documents to move foreclosures forward. The CFPB can require that companies who collect mortgage payments do not charge illegal fees or enroll a homeowner in overpriced insurance plans, keep accurate records of what the borrower owes, and do not either deliberately or accidentally push a homeowner into foreclosure.

Political Fireworks

So far, the impact of the creation of the CFPB has created more political fireworks than tangible change to the professional lives of mortgage loan originators and consumers.

Most people know the CFPB as the brainchild of Elizabeth Warren. She is a Harvard law professor who served as chair of the Congressional Oversight Panel, which was created to oversee the U.S. banking bailout (known as the Troubled Assets Relief Program, or TARP). She later served as assistant to the president and special advisor to the secretary of the treasury for the CFPB, was a driving force behind the creation of CFPB, and as the special advisor she worked on implementation of the CFPB.

The CFPB has become a political football. In part because it is one of the strongest provisions of Dodd-Frank, the CFPB has been vigorously opposed by Republicans in Congress. Representative Jeb Hensarling (R-TX) called it “one of the greatest assaults on economic liberty in my lifetime,” while Representative Spencer Bachus (R-AL) said the CFPB was shaping up to be “the most powerful agency ever created.” Three times in one week in March the Wall Street Journal opinion page denounced Warren and the CFRB; this was four months before the agency opened its doors for business.

On May 13, 2011, the House Financial Services Committee passed three bills designed to weaken the CFPB. Freshman Representative Sean Duffy (R-WI) denounced the CFPB as a rogue agency with an authoritarian structure and introduced legislation to give existing banking regulators greater authority to override the bureau’s new rules. Other bills passed by the committee sought to prevent the bureau from assuming power until the Senate confirms a director, and to change the structure of the bureau from a single director to a bipartisan commission.

Forty-four Senate Republicans announced they would not approve any nominee for the CFPB unless the GOP restructuring proposals were implemented.

Republican legislators take the position that the CFPB has the potential to become a powerful federal regulatory agency that exists beyond the direct control of Congress. In a statement released by his office in April 2011, Representative Duffy said, “This new agency has broad, far-reaching powers and these powers are all assigned to one individual, who is a political designee. I believe in the system of checks and balances, and I also believe that consumers deserve a financial system that is safe, sound and accountable.” Democrats take a more benign view and point to the presumed benefits that the CFPB will bring to consumers and the lending industry.

In response to Republican actions, the White House Office of Management and Budget issued a statement of administration policy saying that President Obama would veto Representative Duffy’s legislation, which is called the “Consumer Financial Protection Safety and Soundness Improvement Act,” or House Resolution 1315, if it were sent to the president for his signature.

White House officials say they object to provisions that would change the leadership structure of the CFPB from a single director to a five-person commission; delay the transfer of certain consumer financial protection responsibilities from seven other agencies to the CFPB; and add additional congressional oversight provisions to the CFPB.

The Future of CFPB

Ordinarily, someone like Elizabeth Warren might have been a logical choice to become the director of the agency. But in the face of Republican opposition, President Obama chose not to nominate her to run the CFRB. The president instead nominated former Ohio Attorney General Richard Cordray for the post, and his nomination faces stiff Republican opposition.

Congressional Republicans know that until the CFPB has a confirmed director in place, the agency is restricted to enforcing existing consumer protection regulations and would not be expected to propose any new rules.

What should you do? If you want to take part in the CFPB’s effort to consolidate the two different mortgage loan forms into one simpler disclosure form, log onto to CFPB website and cast your vote. Then stay tuned for further developments from Washington!

David Reinholtz

Article Source: sooperarticles.com/finance-articles/mortgage-articles/cfpb-what-means-you-654494.html

About Author:

David Reinholtz is a professional Mortgage expert in Real Estate Industry .David is also a sales and marketing expert and trains professionals in every career field. David has personally trained tens of thousands of loan officers, mortgage brokers, real estate agents and individuals through The Close More University Seminar Series, LoanOfficerSchool.com Classes , Correspondence and On Line Learning, and countless private engagements and training events throughout the country. David is the Founder and CEO of LoanOfficerSchool.com, an approved education provider for The Conference of State Bank Supervisors and The National Mortgage Licensing Systems’ (NMLS) required pre-licensing education and continuing education. You can contact David at (866) 623-1250 or email at operations@loanofficerschool.comAuthor: David Reinholtz