Category: dovoh

Banking regulations might just survive the GOP

first_imgJudging by the bill moving through the Senate with bipartisan support, it is to grant regulatory relief to small banks while letting some big ones, but not the biggest, go along for the ride.Specifically, banks with less than $10 billion in assets would be exempt from the Volcker rule, a ban on trading risky securities; and the level of assets at which banks are considered systemically risky and subject to stricter capital requirements and other crisis-prevention rules would grow from $50 billion to $250 billion.The effect of the latter change would be to relax crisis-prevention controls on 26 of the 38 biggest banks in the United States, though the Federal Reserve could adjust that in certain cases.The bill will certainly please much of the financial sector, especially politically influential community banks; but this is not the same as saying it is wise.The failure of one or more $200 billon banks could pose systemic risks. Nor is it necessary.Community banks — 92 percent of federally insured institutions — are generally doing fine, according to the latest Federal Deposit Insurance Corp. statistics, which show that lending grew among these institutions during 2017, and that fourth-quarter net income would have increased 17 percent from a year ago but for one-time income tax charges.Indeed, bank stability and profitability had both recovered in recent years under Dodd-Frank, as has the economy as a whole, thus calling into question the bank lobby’s claim that deregulation is vital to restored growth. Categories: Editorial, OpinionThe following editorial appeared in The Washington Post:“We’re going to be doing a big number on Dodd-Frank,” President Donald Trump promised in the early days of his administration, implying imminent achievement of the long-standing Republican goal of repealing, or gutting, the signature financial reform law of President Barack Obama’s tenure.What Trump neglected to mention, of course, is that the only relevant number, big or small, was 60. That’s how many senators it would take to pass new legislation. Republicans could change Dodd-Frank only to the extent consistent with attracting sufficient Democratic votes. Now we’re finding out what the lowest common denominator may be. A case could be made that further toughening of capital requirements for the largest banks is in order and that Democrats should have insisted on it as the price of regulatory relief for small ones.Federal Reserve Bank of Minneapolis President Neel Kashkari advocates a 38 percent equity capital minimum — which could force the giants to break up.You don’t have to agree with Kashkari to worry nevertheless that the Senate bill sets a precedent for the biggest institutions to demand lower capital requirements the next time Congress takes up the issue.For now, that doesn’t seem politically possible; the Senate bill could represent the high-water mark of this Republican deregulatory wave.The House financial deregulation bill, which really would gut Dodd-Frank, has no chance of attracting enough Democratic support to pass the Senate.Though weakened, the basic Dodd-Frank regulatory framework might just survive two years of Republican control of the presidency and Congress, which certainly beats the alternative.More from The Daily Gazette:EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?last_img read more

Regional properties more affordable than ever across North Queensland

first_img107 Ocean View Drive, Bowen offers magnificent ocean views and could be all yours for $799,000The drop in value of local properties has been somewhat offset however by a 12.5 per cent boost to land values in Airlie Beach. Queensland Valuer-General Neil Bray said valuation changes varied across the region.“Residential values have risen slightly in Cannonvale, with some slight to minor reductions in Bowen and Proserpine, minor increases in Airlie Beach and significant falls in Collinsville and Scottville,” Mr Bray said.“Some localities, such as Collinsville and Scottville, reflected significant decreases in median values due to a downturn in the coal mining industry with the median value of residential land in Collinsville falling from $21,000 to $9500.” View of Bowen Harbour, North Queensland. iStockIF owning a weekender is on your bucket list, cast your eyes towards the Whitsundays.Property valuations across Bowen and Collinsville have dropped to a record low in annual valuation figures released by the Department of Natural Resources and Mines this month.While valuations have only fallen by an average of 1.5 per cent across the Whitsunday region, Collinsville and Scottville land values have been slashed by over half after they were similarly cut last year.Bowen land value also dropped by 12.4 per cent. This five-bedroom home at43 Pelican Street, Collinsville is the perfect project for a motivated renovatorLand owners who object to their land valuations can register their concerns with the department until May 8.While the overall drop in values may have left some property owners in a perilous position, Housing Industry Association Regional Director North Queensland Robert Harding said the drop in values was an opportunity for buyers and builders looking to invest in the region.“The largest cost of building is the land component as well as government taxes,” he said.“Whenever we see land values drop, it generally benefits our building industry as everything that goes into building becomes more affordable so this drop is certainly welcomed by all of us.” Looking for a tree change? This Collinsville property onNormanby Road comes with 400 breeders and a four-bedroom homestead.“The movement in valuations reflect the diversity in our Whitsunday Region’s economy — some areas have seen significant improvement while other areas are still doing it tough,” Cr Willcox said.“It is like a patchwork in movement in the land valuations, even at a suburb level, some streets have increased, while others have decreased.“If the property owners dispute the valuations provided for 30 June 2017, they must object to the State Government, not council.” Are you looking for a weekender with plenty of room for a boat? Than94 Herbert Street, Bowen should be on your `must-inspect’ list.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The new land valuations will be used by Whitsunday Regional Council to generate general rates for 2017/18.Movement in land valuations will impact on the individual rate assessment, as well as the total rate revenue that council receives through rate notices.In stressing that valuations were set by the Queensland Government, Mayor Andrew Willcox encouraged locals to review their new valuation and challenge it if they had concerns.last_img

Gold Coast’s top 20 most affordable suburbs

first_imgSpringbrook is known for its picturesque national park. Pic: Jerad Williams Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 The Gold Coast’s top 20 most affordable suburbs for houses (lowest median values). Source: Aussie Home Loans and CoreLogic MORE NEWS: Coast’s best indoor pools “Springbrook is 35 minutes from Nerang and 20 minutes from Mudgeeraba and Robina,” she said.“It’s a little bit further so you have to drive somewhere to get petrol and groceries.”She said it was perfect for people who wanted to escape the hustle and bustle of the city as well as those looking to get more bang for their buck.“It’s basically a rainforest so the homes are very private,” she said.“I personally own two cottages up there. It was the most affordable home I could find on the Gold Coast.More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“We’ve had young couples and young families start their life up there too.“The homes are mostly older homes but there are some up there that are a year old, the majority of them are quarter-acre (1000sq m) places.”center_img The Gold Coast’s top 20 most affordable suburbs for units (lowest median values). Source: Aussie Home Loans and CoreLogic.REIQ Gold Coast zone chairman Andrew Henderson said it was a surprise to see Springbrook top the list.“Potentially, it’s one of those golden opportunities,” he said.“I think if (buyers) are looking for that lifestyle where they’re getting a retreat from the busy part of the Coast, I’d (tell them to) look at it.”He said suburbs on the northern Gold Coast, including Pimpama and Coomera, would always offer more affordable houses than the southern areas.“That’s the growth corridor of the Gold Coast so you’re probably seeing that in the short to medium term being the most affordable market,” he said. MORE NEWS: From dull to modern haven: inside a top renovation Where are the best place to look for cheap houses and units on the Gold Coast?GOLD Coasters on the hunt for a cheap house are being urged to look in a surprising location.New data shows Springbrook in the city’s southwest is the most affordable Coast suburb to buy a house.It heads a joint study by Aussie Home Loans and CoreLogic, released today (Saturday), which identified the top 20 most affordable suburbs for houses and units.The mountain area claimed the top spot on the list because it had the lowest median house value at $443,261.Pimpama ($455,198), Coomera ($476,903), Nerang ($480,229) and Ormeau Hills ($492,316) followed closely behind.LJ Hooker Nerang agent Helen Thomas said Springbrook’s location was what made its roughly 380 houses so cheap, despite often being on large blocks. Aussie Homes Loans chief executive James Symond said it was a great time for first-home buyers and investors to break into the market.“Most suburbs on our lists have experienced healthy growth in median value over the last decade,” he said. “However, in the last 12 months more have been tracking backwards, especially houses.“Our report reveals some quality affordable housing in suburbs across the Gold Coast and with record low interest rates, buying a property could be more achievable than you know.”last_img read more

Desperate Arsenal to recall Saliba

first_imgArsenalL are exploring the option of recalling central defender William Saliba back from his loan spell at Saint-Etienne. The Gunners signed the 18-year-old French prospect in the summer for £27million but immediately loaned him back to the club for the season. Saliba has played seven times this campaign, five in Ligue 1 and twice in the Europa League. The Mirror report how boss Mikel Arteta is ready to try and lure him back to North London in a bid to solve their defensive crisis.Advertisement Loading… Promoted ContentBirds Enjoy Living In A Gallery Space Created For Them14 Hilarious Comics Made By Women You Need To Follow Right NowBest & Worst Celebrity Endorsed Games Ever Made10 Hyper-Realistic 3D Street Art By Odeith8 Ways Drones Are Going To Change Our Lives8 Superfoods For Growing Hair Back And Stimulating Its Growth13 kids at weddings who just don’t give a hoot2020 Tattoo Trends: Here’s What You’ll See This YearYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime8 Scenes That Prove TV Has Gone Too Far7 Non-Obvious Things That Damage Your PhoneFrom Enemies To Friends: 10 TV Characters Who Became Close Arteta was dealt another huge blow on Sunday when Calum Chambers limped off with what appears to be a serious knee injury in the win over Chelsea. Sokratis and Rob Holding have also had spells on the sideline meaning he had no option but to play Shkodran Mustafi against the Blues. The German’s defensive frailties were exposed after he was turned by Tammy Abraham to secure Chelsea’s late winner. Read AlsoArsenal sign French defender Saliba from St Etienne Bolstering Arsenal’s leaky defence remains Arteta’s main priority after conceding 30 goals in 20 matches – the joint worst in the top 12. FacebookTwitterWhatsAppEmail分享 last_img read more

SEAFDEC reminds shrimp growers to avoid stocking ponds during cold months

first_imgTiger shrimp grown and harvested in SEAFDEC/AQD’s ponds in Dumangas last October 2019. Photo by NG Failaman. TO PREVENT the entry of shrimp diseases, shrimp farmers areadvised not to stock their ponds during cold months if their farms are notbiosecurity-compliant or fully equipped to prevent the entry of shrimp diseases. Estilo also recommends that shrimp farmers, especially thosewhose facilities are not fully equipped to prevent the entry of land, water andair-borne pathogens and disease carriers, to consider having only oneproduction run per year within the warmer months. “A higher rate of culture success can be attained during thewarmer months from April to October,” said Mr. Victor Emmanuel Estilo, shrimppond culture expert of SEAFDEC/AQD. By Rossea H. Ledesma Last year, SEAFDEC/AQD successfully demonstrated tigershrimp culture runs when it harvested 2.8 tons and 4.4 tons from a 5,000 and8,000-square meter pond in October and November last year. To maximize utilization of ponds, Estilo suggested growinghigh-value marine fish species such as snappers (maya-maya) and Asian sea bass (bulgan)during cold months. According to SEAFDEC/AQD chief Dan Baliao, the technologyused to achieve this harvest is “easy to adopt and apply” for shrimp farmersand is “proven effective if given the proper aquaculture management.”/PN Based on satellite readings provided by the National Oceanicand Atmospheric Administration in the United States, sea surface temperaturesin Western Visayas are lowest in February where it reaches a monthly averageminimum of 25.5 degrees Centigrade in Iloilo and Negros Occidental. center_img A shrimp pond at SEAFDEC/AQD’s Dumangas Brackishwater Station, ready for harvest in October 2019, seen here with paddle wheels and bird scare devices on top. Photo by RD Dianala. A study by Dr. Eleonor Tendencia, scientist at theAquaculture Department of the Southeast Asian Fisheries Development Center(SEAFDEC/AQD), showed that a drop in temperature weakens the immune response ofshrimp, thereby making them prone to infection. The study cites the pattern ofwhite spot syndrome virus outbreaks in tiger shrimp when atmospherictemperatures are low. Oplan Balik Sugpo “Inter-cropping with these predatory fish species in shrimpponds is advantageous since they prey on wild disease-carrying crustaceans;thus, effectively breaking the chain of contamination within the pond,” saidEstilo. Recurring disease outbreaks are considered the most seriousproblem faced by shrimp farmers. With this constraint, SEAFDEC/AQD under itsbanner program “Oplan Balik Sugpo,” intensified its research activities onidentification, detection, prevention, and treatment of diseases plaguing theindustry. It has also come up with protocols and is studying other variables toprevent the occurrence of diseases in shrimp stocks. Even then, shrimp farmers should always take extraprecautions to prevent the entry of diseases by using high health or specificpathogen free (SPF) postlarvae (PLs), effective pond water filtration systems,de-contamination facilities (tire and foot baths) at single farm and pondentrances, and crab fences and bird-scaring devices among others. Experts from the Aquaculture Department of the SoutheastAsian Fisheries Development Center (SEAFDEC) warn that shrimps get stressedwhen exposed to temperatures below 27 degrees Centigrade, predisposing them todiseases.last_img read more

James takes Modified checkers at Stuart

first_imgBy Josh ReynoldsSTUART, Iowa (June 19) – The race was for second once Jeff James got to the front of the Xtreme Motor Sports IMCA Modified field at Stuart Speedway.Bob Daniels and Todd Cooney brought the Modifieds to the initial green with Cooney taking the early lead over Daniels and James. James moved to second on lap three and set his sights on the lead as Cooney continued to show the way.James slowly chewed away at Cooney’s lead and on lap 10 took over at the front. From there the race was for second as James went on to win. Jake Murray was second with Josh Gilman third, Cooney fourth and Todd VanEaton fifth.Josh Daniels held the IMCA Sunoco Stock Car lead until Marcus Fagan shot by on lap eight. Daniels worked to find a faster groove, but it was not to be as Fagan went on to the win. Daniels finished second with Brandon Pruitt third, Robbie Merkle fourth and Chris Pruitt fifth.A bobble by Buck Schafroth allowed Jamie Schirm to take control on lap 10 of the IMCA Sunoco Hobby Stock main. Schirm went on to the win with John Watson second, Jason Day third, Keith Burg fourth and Schafroth fifth.Clint Luellen charged into the Karl Chevrolet Northern SportMod lead on lap nine and never looked back in taking the win. Adam Armstrong finished second with Kody Havens third, Jerry Hinton fourth and Austin Luellen fifth.John Gill came through to lead at the start and that was all she wrote as he led every lap to take the Mach-1 Sport Compact win. Curtis Miller finished second and Aaron Miller ran third.Next week will be the Stew Hansen Dodge Stock Car Shootout. Stock Cars will be racing for $1,000 to win and a minimum of $100 to start.last_img read more

Spanish Football Federation casts doubt over season opening match

first_imgRelatedPosts Bale completes Tottenham return from Real Madrid Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend Premier League, La Liga back on DStv, GOtv The opening fixture of the 2020/2021 season in Spain is in doubt because of a dispute between La Liga and the Spanish Football Federation (RFEF).Various media outlets in Spain reported Wednesday that the match between Granada and Athletic Bilbao could be postponed because of RFEF’s insistence that games should not be played on a Friday.RFEF has a long-standing opposition to games being played on Friday or Monday nights because of the potential effects on attendances.That was not a valid concern during the post-lockdown conclusion to last season, with games being played behind closed doors, and fixtures were therefore allowed on Fridays and Mondays.The league believes this no longer applies even though fans are not yet allowed back in stadiums.(dpa/NAN)Tags: La LigaSpanish Football Federationlast_img read more

Chelsea plan pre-season Asia tour

first_img Press Association Chelsea will play matches in Thailand, Malaysia and Indonesia on their 2013 pre-season tour in July, the Barclays Premier League side have announced. On July 17, the Blues will play a Singha Thailand All-Star XI in the Singha Cup at the Rajamangala National Stadium in Bangkok. A fixture with a Malaysia XI at the Shah Alam Stadium in Kuala Lumpur follows four days later. Chelsea then play in Indonesia for the first time, on July 25, against an Indonesia XI at Jakarta’s 88,000-seater Gelora Bung Karno Stadium. Chief executive Ron Gourlay said on “It is fantastic that we will be returning to Asia for what promises to be an excellent pre-season tour. “South-east Asia remains home to an ever-growing and passionate Chelsea FC support and it gives me great pleasure that we will again be able to experience that wonderful hospitality. “In particular I look forward to visiting Indonesia for the first time, a country where we have an extensive fan base that is eager to see Chelsea play. “I am sure we will face strong opposition in packed stadiums as we celebrate the successes of some of our important regional partners, and we will once again leave an important legacy in terms of the community work we conduct during the tour and for long afterwards.” center_img The 2012 Champions League winners last toured Asia in 2011 ahead of the season which secured the European Cup for the first time, as well as the FA Cup. It is uncertain who will be the Chelsea manager for the trip, with Rafael Benitez’s contract as interim boss ending at the end of the current season amid rumours of a Stamford Bridge return for Jose Mourinho, currently in charge at Real Madrid. last_img read more

Smashing chance for Mullins

first_imgWillie Mullins plans to run Smashing in the Betfair Hurdle at Newbury on Saturday. The 130,000 euro French recruit is unbeaten in two starts for Ireland’s champion trainer, following up an impressive Fairyhouse success with a similarly dominant display at Limerick on Boxing Day. The five-year-old is set to travel to Britain for this weekend’s valuable handicap, with Andrew Lynch, retained rider for owners Ann and Alan Potts, due to take the ride. Mullins said: “We were happy with how he worked this morning and he is an intended runner at Newbury on Saturday. “I would imagine Andrew Lynch will travel over to ride and hopefully the conditions should be fine for him.” Dr Richard Newland’s Act Of Kalanisi will be one of the outsiders for the extended two-mile contest and the trainer feels his charge may be in the grip of the handicapper. However, while many of the major contenders want the ground to dry up, Newland would be quite happy for the going to be barely raceable as those conditions bring out the best in his charge. Since reverting to two miles earlier this season, Act Of Kalanisi has racked up wins at Ffos Las and Leicester and ran in the Champion Hurdle Trial at Haydock last month when he unseated Tony McCoy. “He’s in good form and is definitely an intended runner, but it looks a tough race,” said Newland. “He’s high up in the weights for what he has actually achieved, I think. I’m not sure he’s good enough for a race like this off the mark he currently has. “We could have really done with him standing up at Haydock as he would have either picked up some nice prize money or been dropped a few pounds. I think he’d have been in the three. “He stays further than two miles but I think he’s at his best over two miles in bad ground, that seems to bring out the best in him. “The one thing in his favour this weekend will be the ground.” center_img Press Associationlast_img read more

Stocco has no regrets about season’s end

first_imgThe bitter end sure was sweet for John Stocco, no matter what the record books say.True, the senior quarterback had to watch from the sidelines in his final game at Camp Randall Stadium, where he has sealed his place as one of the greatest Badger quarterbacks of all time. And by missing both Saturday’s game against Buffalo and the Nov. 11 meeting at Iowa with a shoulder injury, Stocco’s stretch of 35 consecutive starts came to an end near the culmination of his Wisconsin career.But Stocco lost more than his games-started streak. Had he had a chance to play out these past two games, Stocco would have had a great opportunity to set some UW records. For example, Stocco’s record of 28-7 puts him in second place in all-time wins for Badger quarterbacks, just behind Brooks Bollinger’s 30.Assuming the Badgers would have gotten things done as they have the past two weekends, only with Stocco in there, No. 7 would have gotten No. 30 and tied the record.The upcoming bowl game — the Capital One Bowl in Orlando, most likely — would have offered Stocco the opportunity at setting the wins record — arguably the most meaningful of all statistics for quarterbacks.And there’s more. Stocco is sitting on 7,021 passing yards for his career, second place to Darrell Bevell’s 7,686 yards. If he had played out these final three contests, Stocco would have needed 665 yards to hit that mark. A little lofty for a conservative quarterback like Stocco? Since he has averaged 197.9 yards per game this season, Stocco would have had to step his numbers up just a tad to give himself a great chance at setting the record.Naturally, it came to no surprise that this meant nothing to Stocco. The level-headed signal caller, who has thrived as a quarterback, winning 80 percent of his games under the most intense scrutiny of any UW athlete over the past three years, doesn’t let the little things bother him. It was slightly unexpected to see Stocco admit he might regret the missed opportunities later on down the road.”I think, maybe, if I had played the last couple of games, and then got the [wins] record … I think, down the road, I would have looked back on it and said that was pretty cool,” Stocco said after Saturday’s win. “But right now, it’s not something that I’m worried about at all.”Easy for him to say. Wins or yardage records aside, it’s still pretty good to be John Stocco. Right now, Stocco remains the steady leader of an offense that found its touch as the season went along. A strangling defense was the straw that stirred UW’s drink, but the offense provided a nice complement throughout the year. And before the injury, Stocco quarterbacked Wisconsin to its third consecutive nine-win season; the Badgers are one of five teams to achieve that feat in the past three years (along with Auburn, Boise State, USC and Texas).Finishing off an 11-1 season, some say Wisconsin should have gotten a better look for a BCS bowl bid. The Badgers appear to be headed back to the Capital One Bowl, where they would have a chance to make an even bigger statement against one of the SEC’s best.Stocco didn’t say one way or the other whether he’d be ready to go for the Jan. 1 game, but did say he’d “be in there as much as [he] can.” Should the senior be unavailable, backup Tyler Donovan has Stocco’s vote of confidence, largely due to Donovan’s standout performances against Iowa and Buffalo.”Last week, against Iowa, that’s unbelievable what he did for his first career start, to go down there to Iowa, and he couldn’t have played any better than he did. I’m so happy for him,” Stocco said. “This game, he just played awesome. Nobody deserved it more than him. He just does an outstanding job for us.”Several Badger players laughed off propositions of a quarterback controversy, as it has all but been established that Stocco will be the guy for Wisconsin’s bowl game barring a serious setback in his recovery.”I think Tyler’s done a great job out there,” left tackle Joe Thomas said. “But Stocco’s our leader, and that’s the way it’s been.”Whether he plays his final game at Wisconsin or watches it, any reservations Stocco has about the finishing touches of his career will most definitely not involve personal records.”It’s not even about that. I think most people who know me know that,” Stocco said. “There’s no shame coming behind guys like Brooks Bollinger, and [I] just have tremendous respect for those guys, so there’s no shame in that.”last_img read more