WASHINGTON – New NAFTA rules could increase the cost of a car by hundreds or even thousands of dollars, act as a multibillion-dollar tax and ultimately hurt sales as consumers keep their wallets shut, a new study predicts.The study by the Center for Automotive Research attempts to assess the impact of proposals under consideration as the three North American countries huddle in a marathon negotiating session in Washington.Negotiators are refining a plan that would require that every car include more North American parts; use primarily North American steel; and favour production in high-wage jurisdictions, meaning the U.S. and Canada.The study calculates that at least 46 vehicle types currently produced on the continent would fail to meet these new standards, a dramatic increase in the number of products that fail to comply with existing NAFTA rules.The companies making these vehicles always have a choice: comply with the NAFTA rules, or pay the tariff, which is 2.5 per cent for a light vehicle in the United States, 6.1 per cent in Canada.The study offers a broad estimate, with a range of outcomes. It finds that 25 per cent to 87 per cent of vehicles currently sold in the U.S. would fail to meet the standard and would wind up paying a tariff.”Tariffs (would) add at minimum a US$2.1-billion to US$3.8-billion tax on U.S. consumers,” said the study, released Thursday.”The tariffs would add between US$470 and US$2,200 to the cost of these particular vehicles … (and) the result would be an estimated loss of 60,000 to 150,000 annual U.S. light vehicle sales.”The group behind the research is funded by the auto industry, governments, unions and other organizations. The study was commissioned by Trade Leadership Coalition, an industry-funded group.But its findings are consistent with the view of Jeff Rubin, a senior fellow at Canada’s Centre for International Governance Innovation and a former chief economist at CIBC World Markets.He says that under the current NAFTA many groups win: consumers with cheaper cars, car companies with higher profits and Mexican auto workers with higher salaries than Mexicans in other sectors.The losers under the current NAFTA, he says, are auto workers in the U.S. and Canada, where employment has dropped and, Rubin says, the auto sector faces a long-term terminal decline.He’s unsure the new NAFTA rules will change that.He said it’s a no-brainer for companies trying to decide whether to adjust practices to comply with the new rules. He figures compliance with NAFTA might add five per cent to the cost of a vehicle, versus the tariff of 2.5 per cent for light vehicles sold in the U.S.”If I was a shareholder at (auto-parts-maker) Magna, or GM, I know what I would be telling management to do — which is, instead of tripling wage costs (in Mexico), pay the tariff,” Rubin said.”Ultimately GM and Magna are going to do what’s in the best interest of their shareholders. And right now the best interest would be keep the production in Mexico, pay the low wage rate and pay the 2.5 per cent tariff.”As long as the tariff remains low, Rubin added that the new NAFTA will be “a paper tiger.”However, it would be “a totally different ball game,” if the countries raise their tariff, he says, arguing that it would make paying the higher cost of compliance the better alternative and steer production back to the U.S. and Canada.”It would be a total game-changer.”But under the current proposal, with no change to the tariff level, Rubin sees the new NAFTA as producing a 2.5 per cent added tax on cars and no improvement in the lives of Canadian and American workers — a scenario that “isn’t going to bring a single job back to the U.S.”
Kolkata: There seems to be some respite in sight for South Bengal that may get the much-awaited relief from the scorching summer heat early next week as the Regional Meteorological Centre in Alipore has predicted thundershowers for a couple of days from Tuesday onwards.The Nor’wester is likely to hit various South Bengal districts on Tuesday bringing moderate rainfall accompanied with gusty winds. The entire South Bengal has been under intense heat spell for the past few days with the mercury touching 42 degree Celsius in the Western districts. A heat wave has also been sweeping through districts like Purulia, Bankura, West Burdwan, Birbhum, West Midnapore, Jhargram and East Midnapore. The poll-bound districts where elections will be held in as many as eight constituencies on Sunday may continue to burn on poll day, the MeT office warned. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja”Rain and thundershowers are likely to take place in various South Bengal districts including Kolkata during the afternoon hours on Tuesday and Wednesday. Rains will push the mercury down by a few notches. People will have some respite from the excessive heat in the later half of the week,” a senior official of the Alipore MeT office said. The districts including West Burdwan, Birbhum, West Midnapore, Bankura and Purulia were among the others to have registered highest temperature on Saturday with mercury hovering over 40-43 degree Celsius. In case of other South Bengal districts, the mercury remained between 35-37 degree Celsius. Also Read – Bengal civic volunteer dies in road mishap on national highwayMeanwhile, two poll personnel including a presiding officer fell ill in Bankura and East Midnapore respectively on Saturday. A polling person who went to the distribution centre at Bankura Christian College to collect the Electronic Voting Machines (EVMs) and Voter Verifiable Paper Audit Trail (VVPATs) fell ill. He was admitted to Bankura Sammilani Hospital. On the other hand, another presiding officer also complained of heat-related discomfort at the distribution centre in East Midnapore’s Tamluk. He was taken to the Tamluk district hospital for treatment.
Rabat – Moroccan security services arrested, Sunday in the Casablanca Mohammed V International Airport, a Guinean national for attempted international drug trafficking, the General Directorate of National Security (DGSN) said. After searching the luggage of the suspect, 30, who arrived Sunday in Casablanca from Conakry, the authorities discovered of 26 kg of hashish leaves, the DGNS pointed out in a statement. Showing signs of a health malaise, the man was carried to the Berrechid provincial hospital to receive the necessary care and check if he has not ingested drugs, the same source added.
Marie Okabe told reporters in New York that the AU-UN Joint Special Representative, Rodolphe Adada, met with Minni Minawi, a former rebel who is now the Senior Assistant to the Sudanese President. “They discussed the latest developments in Darfur, particularly the recent fighting between the Minawi faction of the Sudan Liberation Army (SLA/MM) and the Justice and Equality Movement (JEM). They also discussed rising tensions between Chad and Sudan,” Ms. Okabe said.Fighting between the two groups flared up some ten days ago in the north Darfur town of Umm Baru. Mr. Adada said the AU-UN peacekeeping mission, known as UNAMID, had taken 26 people injured in the fighting to the North Darfur capital of El Fasher for treatment at a military hospital. Secretary-General Ban Ki-moon yesterday voiced his concern at recent violence and tensions in the border area between Chad and Sudan and called on all parties to cease fighting.“He underscores that there is no military solution to the situation in the sub-region and urges the Governments of Chad and Sudan to refrain from any act that may lead to a further escalation of tensions,” his spokesperson said in a statement.Last week Mr. Adada met with the Under-Secretary of the Sudanese Foreign Affairs Ministry, Mutrif Siddiq, and Presidential Adviser, Mustafa Osman Ismail, during separate meetings in Khartoum. In a briefing to the Security Council in April, Mr. Adada estimated that around 2,000 civilians have been in killed in Darfur since UNAMID deployed last year. Some 15 peacekeepers have also lost their lives since the Security Council established UNAMID to protect civilians in Darfur, where an estimated 300,000 people have been killed and another 2.7 million forced from their homes in more than five years of fighting, pitting rebels against Government forces and allied Janjaweed militiamen. Ms. Okabe said that in the past 24 hours, the military component of UNAMID conducted 72 confidence-building patrols, escorts, night patrols and investigative patrols in and around villages and camps for internally displaced persons. 19 May 2009The joint African Union-United Nations envoy to Darfur met with a senior Sudanese official today to discuss recent fighting in the strife-torn region and rising tensions between Sudan and Chad, a spokesperson for the world body said.
The Atlas of Heart Disease and Stroke, released to coincide with World Heart Day this Sunday, shows that the two diseases are also becoming more deadly, with a projected combined death toll of 24 million by 2030.WHO officials said the world therefore needs to do more to tackle diseases that are both preventable and capable of striking a much wider demographic than popularly understood.WHO’s Director of Chronic Diseases and Health Promotion, Dr. Robert Beaglehole, said “the old stereotype of cardiovascular diseases affecting only stressed, overweight, middle-aged men in developed countries no longer applies.”Today, men, women and children are at risk and 80 per cent of the burden is in low- and middle-income countries,” he said.While some inhabitants of these nations are acquiring the lifestyle habits of their counterparts in industrialized States, such as little exercise and fatty diets, they do not have access to comparable medical treatment.For these countries, the high death rates are also a major national economic burden, soaking up health-care costs and depriving families of income-earners.Heart diseases and strokes already account for nearly a third of the 57 million deaths worldwide every year, outstripping violence, cancer, respiratory diseases and HIV/AIDS to be clearly the biggest cause.One of the co-authors of the atlas, Dr. Judith Mackay, said that even if there are major breakthroughs in medical research, “any major reduction in deaths and disability from heart disease and stroke will come primarily from prevention, not just cure.”With children and adolescents the focus of this year’s World Heart Day, WHO said they should be encouraged to lead a healthy lifestyle – especially diet and exercise – as early as possible, well before they can develop any serious problems.The atlas contains detailed maps explaining the data on heart disease and stroke for every country, as well as such measures as the number of “healthy life years” lost to the two conditions and the prevalence of smoking. The nations’ health policies and laws are also explained.
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. However, the manager of the shop, Soni Sidhu, told ITV: “As the manager and on the behalf of all our staff and owners I would like to state we recognise how serious eating disorders are and would never make light the seriousness of people with eating disorders.”We would like our customers and all people in general to take our advertising in context.”We are not a fly by night business trying to make a quick buck.”Anorexia and any mental illness are very serious.”Marg Oaten, of anorexia charity Seed, has said the advert puts people at risk. Victoria Beckham is considering legal action against a fish and chip shop in Tyneside after the shop claimed its pizza crusts were thinner than the former Spice Girl.Sidhu Golden Fish and Chips in Battle Hill put the slogan on the back of its delivery van, which caused Mrs Beckham to make the issue into a “legal matter”.On the van, there is a caricature of Mrs Beckham wearing a sash which reads “Anorexic Fashion Icon”. A spokesperson for the fashion designer said: “It is highly inappropriate to trivialise such a disorder, and defamatory to be so thoughtless with a person’s reputation in this way, therefore we are taking legal advice” She said that the advertisement “trivialises” anorexia and that it is a “step in the wrong direction.” The offending vanCredit:Will Walker / North News Soni Sidhu, the manager of the shop which used the image Credit: Will Walker / North News Ms Oaten said: “Twenty per cent of people who suffer from an eating disorder die each year.”To trivialise anorexia in a pizza advert is appalling.”There has been a lot of good work done around mental health recently, especially by the royals, in reducing the stigma attached to eating disorders.”This is a step in the wrong direction. The people responsible for this should hang their heads in shame.”The advert puts people at genuine risk. Those who suffer from eating disorders are constantly battling with their feelings and thoughts.”They will see the advert and start comparing themselves to the size of Victoria Beckham.”These people need to be brought to account. There should be legislation banning this kind of thing.”
“This will inevitably raise concerns that the letter may be less than entirely frank about his relationship with Peter Ball and that it contains matters to which he s reluctant to attach a formal statement of truth,” he said. Prince Charles refused to provide a formal witness statement to the child sex abuse inquiry, lawyers told a hearing on Monday. The inquiry is currently hearing evidence relating to abuse carried out by Peter Ball, the former bishop of Lewes and of Gloucester, who knew the prince and exchanged letters with him. Lawyers for the Prince of Wales used human rights law to object to block efforts to compel him to send a witness statement in the format used by the inquiry, instead sending a signed letter. Fiona Scolding, lead counsel to the investigation into the Anglican church, said that his lawyers had previously argued that compelling him to give evidence was outside its powers. Ball was convicted in 2015 of misconduct in public office after admitting abusing 18 teenagers and young men between the 1970s and 1990s. His abuse had first been reported to the church in 1992, but police and CPS decided to give him a caution, and he was stripped of his role as bishop. He was later allowed to officiate at events including at schools and confirmations. Ms Scolding said there would have been “no doubt” about what the inquiry’s lawyers were asking for, as they sent a template for the document and used the word “statement” five times in one letter asking for the document to be signed. This will feed concerns that the letter is less than entirely frank about his relationship with Peter BallRichard Scorer The prince’s statement is expected to say that he was “not aware at the time of the significance or impact of the caution that Peter Ball had accepted”, including the fact that a caution involves admission of guilt. On Tuesday the Inquiry is expected to hear evidence in person from former Archbishop of Canterbury Lord Carey, who was found in an independent inquiry last year to be among senior church figures who “colluded” with Peter Ball. Earlier in the day the inquiry heard that the church was dealing with a “turbulent” period in 1992, with Lord Carey raising the “constitutional crisis” caused by the Prince’s split with Diana, Princess of Wales, as well as the decision to allow women to be priests.William Chapman, a lawyer from Switalskis, also representing victims and survivors, told the inquiry that there had been concern that gay clergymen would be outed by a full criminal investigation, ending their career in the church. A Clarence House spokesman said: “The prince made it clear that he was willing to help the Inquiry and voluntarily answered all the questions asked in the form of ‘free flowing text’ as requested by the Inquiry itself. “The final submission includes a statement of truth in common with all witness statements. The legal exchanges, which have been extensively referred to by the Inquiry’s solicitors, were necessary to ensure clarity regarding both the structure, relevance and content of the statement. “Despite lengthy correspondence, including assertions from the Prince’s solicitors that the Inquiry’s requests for evidence were outside its powers, i.e. ‘ultra vires’, there was never any suggestion at any point that the statement would be provided by letter,” she said. The inquiry made several attempts to compel the lawyers to provide a witness statement with a formal statement of truth, which is essentially equivalent to swearing on oath.The prince’s law firm Harbottle & Lewis also tried to argue that asking for a witness statement was “unfair”, and constituted a request for “intensely private and confidential” personal data. Following “lengthy and extensive correspondence” an agreement was reached and the inquiry has decided to treat the letter, which ends with a sentence saying that its contents are true, as equivalent to a witness statement, she said. The Prince will not give evidence in person but will have the statement read out at the hearing on Friday. Earlier in the hearing Richard Scorer, of law firm Slater and Gordon, who is representing victims and survivors, expressed “surprise and concern” at the decision. “Once resolved, the Inquiry raised no objection to the format of the prince’s submission.” 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.
The guidance, which will be launched at the European Congress on Obesity in Glasgow this weekend sets out different advice for children of different ages, up to the age of five. It stresses the importance of avoiding sedentary screen time, in a bid to ensure children get sufficient exercise. Screen time for children below the age of five should be limited to an hour a day and infants should not be exposed to it at all, the World Health Organization says today.The recommendation comes from the first ever WHO guidelines on physical activity, sedentary behaviour and sleep for kids below the age of five. The guidance, drawn up in response to global obesity crisis, sets out how young children of different ages should spend their time. It warns: “Physical activity has been identified as a leading risk factor for global mortality and a contributor to the rise in overweight and obesity. Early childhood is a period of rapid physical and cognitive development and a time during which a child’s habits are formed.”The recommendations go much further than recent guidance from the UK’s chief medical officers.This recommended a break from screens every two hours for all children. It also said phones should be banned from meal times and overnight. One in five children in England are overweight or obese by the time they start primary school, rising to one in three by the time they leave. But some experts said parents were being given conflicting advice based on limited evidence. In January the Royal College of Paediatrics and Child Health shied away from recommending a limit, but said children should not be exposed to screens for at least an hour before bedtime. Tim Smith, Reader in Cognitive Psychology, Centre for Brain and Cognitive Development, Birkbeck, University of London, said: “In recent months UK parents of 0- to five-year-olds and early-years practitioners have been bombarded with conflicting recommendations and guidelines about how and whether they should be managing their children’s screen time and sedentary behaviour, e.g. from the RCPCH and Chief Medical Officers.“The release of new WHO guidelines does not help to clarify the situation, as its specific recommendations with regards to ‘sedentary screen time’ and their negative impacts on physical, cognitive and psychosocial health are, by its own admission based on ‘moderate to very low-quality evidence’.” 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.
AN IRISH UNIVERSITY is now offering students the chance to study doctorate courses online.In association with Plymouth University, Hibernia College will begin taking applications for online PhD courses, the first college in Ireland to do so. The college will also be awarding three full-time PhDs worth €16,000 each year.Four programmes relating to education are on offer, from “the impact of learning technologies on learning experiences” to “comparative education and internationalisation”.Plymouth University has previously worked with Hibernia College in the area of teacher education.The new programme was launched this morning by Minister for Education Ruairi Quinn, who emphasised the need for “high quality research” in this area:The 2012 report on the structure of Initial Teacher Education provision in Ireland highlighted the crucial role that high quality research plays in informing best practice in teacher preparation.President of Hibernia College, Dr Seán Rowland, said that online education will “help expedite the return to more stable economic times” as people can continue to study around their existing lifestyle.“Higher education has become an absolute necessity in Ireland,” he said, “and will be a major factor in our ability as a country to break out of the recession.”The 13 year-old online college is currently the only of its kind in Ireland to receive government HETAC accreditation.Read: College offers online course in what it means to be Irish >Column: An Open Letter to Ruairi Quinn >
The International Space Station is a relatively large moving target floating around above the Earth. Not only can it be hit by man-made space junk, but there’s also a lot of space rock out there traveling at hull-damaging speeds.Chris Hadfield, the Canadian astronaut currently aboard the ISS has just been reminded of this fact when he looked out the window and saw a “bullet hole” in the station’s solar array. According to Hadfield’s Twitter account, he believes a “small stone from the universe” came into contact with the solar panel and smashed right through it leaving the bullet-sized hole you can see above.Hadfield also commented that he’s glad the object missed the hull, and you can understand why. Such objects can be traveling in excess of 25,000 mph and would certainly cause some damage through a direct hit. However, a hull breach is very unlikely due to the way the hull is constructed from multiple layers. At best the astronauts inside would have their attention grabbed by the sound such an impact could make.It’s unclear at the moment what the damage will do to the ISS’s energy generating capabilities. Is it a case the whole panel has stopped working, or just a small area around the hole? We’ll have to wait and see what NASA says after they’ve inevitably carried out some tests and checked the data.
The German midfielder has been criticized for his performance with the German national team, but still believes he can give the team something goodFor Juventus midfielder Samy Khedira, the performance of the German national team at the 2018 FIFA World Cup is still bothering him.According to an article published by ESPN, the footballer believes he had his worst performance of his career with the national team.“After a good season and nine goals with Juventus and with full fitness, I played my two worst matches at the World Cup,” Khedira wrote on Instagram.“That was really bad. That we did not work together as a team and were eliminated in the group stage still weighs on me.”Germany finished last in their group after being defeated by Mexico and South Korea, winning in the last minute against Sweden for their only three points.Maurizio Sarri satisfied despite Juventus’ draw at Fiorentina Andrew Smyth – September 14, 2019 Maurizio Sarri was satisfied with Juventus’ performance on Saturday afternoon after finishing a tough game at Fiorentina 0-0.“It must continue to be an honor for any active player to play for this country, this association, and this team,” Khedira said.“If there are better players at the moment then I will accept it, but should I be nominated because the coach believes I can help the [team], then for me, it is always an honor and an obligation.”
Kakinada: East Godavari Joint Collector-2 G Rajakumari directed the revenue staff in Kakinada revenue division to identify government lands at various places for distribution as house sites. At the meet organised at Collectorate on Saturday evening, JC-2 said that several identified beneficiaries are to be provided house sites to take-up housing construction activity in all the mandals in the revenue division. She directed the revenue staff to keep special focus on endowment and social welfare department lands and vacant sites. In this aspect, JC-2 directed the revenue staff to take village as one unit and complete the process at the earliest.
We have a new Star Wars and the world rejoiced. Our new hero is Jyn Erso, and we are pretty familiar with her mission if you’ve seen all the original Star Wars. If you haven’t….why are you here?! JK. Beautiful art doesn’t judge, it entertains and inspires.Pixel JeffIn Rogue One we follow heroine Erso and her group of rebels on a journey to steal the Death Star blueprints. She’s accompanied by Cassian Andor and droid K-2SO. This movie has everything explosions, intrigue, and Mads Mikkelsen!Our spoiler-free review is available here for your viewing and reading pleasure. But in the meantime check out these 15 Rogue One pieces of art to take you to a galaxy far far away.View as: One Page Slides1. Jason Angelone2. Darwin3. Yvan Quinet4. Mark Usmiani5. Abby6. Kirk Shannon7. PartTime Dragon8. Farid Hussein9. Derek Laufman10. Nathan Ebersole11. Peter Breese12. Ingo Romling13. Duke Hoover14. Willow S15. Brandan Ray
Ex-FBI agent details raid on Phoenix body donation facility Comments Share Milstead says best way to stop wrong-way incidents is driving sober Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement TOKYO (AP) – Japan and Myanmar on Sunday signed an investment treaty to nurture closer business ties as the once secluded Southeast Asian country opens its fast-growing economy to more foreign commerce.Prime Minister Shinzo Abe and Myanmar President Thein Sein signed the deal in summit talks following a gathering of leaders from the Association of Southeast Asian Nations in Tokyo.Japanese businesses have been eager to invest in Myanmar and have stepped up their activities there after Thein Sein’s reformist government came to power in 2011 after nearly 50 years of military rule. Japan’s trade ministry said the agreement is intended to provide greater protections and a stable legal environment for investors. Japan’s investments in Myanmar still lag behind those of China and India, though that is fast changing. Trading companies Mitsubishi Corp., Marubeni Corp. and Sumitomo Corp. are leading a project to develop the 2,400-hectare (5,900-acre) Thilawa Special Economic Zone, located near Yangon, Japan’s biggest investment in Myanmar so far.(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Arizona families, Arizona farms: working to produce high-quality milk New Valley school lets students pick career-path academies Arizona families, Arizona farms: providing the local community with responsibly produced dairy 4 must play golf courses in Arizona Top Stories Attracting foreign investment and lending is crucial for aiding the expansion of Myanmar’s resource-rich economy. The country has significant growth potential but is burdened with an inefficient farm sector. It also lacks a manufacturing base after decades of foreign sanctions and restrictive laws under military rule.The treaty calls for Japanese investors to receive the same protections provided to other foreign investors under international rules and prohibits the imposition of export, technology transfer or other requirements in exchange for such investments. It is also intended to improve transparency, key for a country struggling with endemic corruption.Japan is Myanmar’s largest aid donor. To help clear the way for the investment treaty, Tokyo agreed to forgive about $5.32 billion in debt owed by Myanmar and extended bridge loans to help clear the rest.Abe has promised to help support Myanmar’s economic and political reforms with both public and private help, including fresh loans for infrastructure building and major development assistance that will support Japanese business interests in the Southeast Asian nation.Japan had close ties with Myanmar before the junta took power in 1988 and Tokyo suspended grants for major projects. Japan did not impose sanctions on Myanmar in 2003 when the military regime put pro-democracy leader Aung San Suu Kyi under house arrest, unlike the U.S. and other Western countries, though it did scale back most business activity and cut government aid.
In a bid to prevent the 12-day Christmas strike by unionised cabin crew, British Airways has sought a legal injunction due to what it perceives as “balloting flaws” which would render the vote for the strike invalid.British Airways cabin crew are currently planning a 12 day walkout from the 22nd of December onwards, and covering both the Christmas and New Year’s period.Unite, the union which represents British Airways cabin crew, is arguing against pay conditions and new staffing conditions which see a reduction from 15 to 14 cabin crew members as well as a switch to part-time for 3,000 employees.But British Airways says the vote for a strike was invalid as the ballot included former British Airways staff who were made redundant.“Unite was told about the problems with its ballot on Friday. Yet it cynically went ahead with an extreme, highly publicised threat to our customers and our business in the knowledge that it might not be able to carry it out,” said Willie Walsh, British Airways CEO.“We are absolutely determined to do whatever we can to protect our customers from this appalling, unjustified decision from Unite,” he continues. “We do not want to see a million Christmases ruined. British Airways says it’s currently working with its oneworld partners to try and get passengers on disrupted services on other flights. <a href=”http://www.etbtravelnews.global/click/15526/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=132&cb=INSERT_RANDOM_NUMBER_HERE&n=ada84479″ border=”0″ alt=””></a> Source = e-Travel Blackboard: W.X
In addition, Place Pins include contact details of businesses such as hotels and restaurants, allowing users to easily pull up information whenever and wherever and share with friends. With more than 53 million users and more than 750 million travel-related pins on the site already, the new feature combines magazine-style imagery with online maps and is used as a tool to help users plan their trips by adding a map to their new and existing boards. Virtual photo sharing pinboard, Pinterest, has launched ‘Place Pins’ to encourage users to add a location to their pins. “About a year ago, we noticed pinners creating more and more boards around vacations they’re planning and attractions and destinations they want to see someday, so we wanted to find a way to help people turn their travel inspiration into reality and we’ve taken the first step toward that goal with Place Pins,” Pinterest product designer Justin Edmund said. Source = ETB News: L.B.
in Daily Dose, Featured, Government, News Housing Finance reform will be a key focus area for the Senate Banking Committee during the 116th Congress. In an outline for the committee’s agenda, Banking Committee Chairman Sen. Mike Crapo said that the committee would “continue to identify and move bipartisan legislative solutions” during this session.Calling housing finance reform the “last piece of unaddressed business from the financial crisis,” Crapo said that the committee would assess the proposals it has received from various groups on the conservatorship of Fannie Mae and Freddie Mac since it favorably reported on the bipartisan housing finance reform legislation in 2014.”The Committee will assess these and other proposals to determine how we can fix the flawed system, establish appropriate levels of taxpayer protection, preserve the 30-year fixed-rate mortgage, increase competition among mortgage guarantors and promote access to affordable housing,” Crapo said.Housing finance reforms have been in the spotlight ever since Joseph Otting, Acting Director of the Federal Housing Finance Agency (FHFA), that oversees the conservatorship of the GSEs, remarked that the White House would be announcing a plan by next month to end government control of Fannie Mae and Freddie Mac.According to a recording of his remarks obtained by Politico, Otting told FHFA employees that they would be seeing communication from the White House and the Treasury over the next two to four weeks that “really sets a direction for what the future of housing will be in the U.S. and what the FHFA’s part will be.”The remarks have set the share prices of both the government-sponsored enterprises (GSEs) soaring as investors became more hopeful that Fannie and Freddie could soon be out of government conservatorship.Apart from housing finance reform, the Senate Banking Committee also plans to focus on ensuring that federal agencies implement the Dodd-Frank Reforms Act also known as the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA). The provisions under this Act include provisions to enhance the U.S. Department of Housing and Urban Development’s (HUD’s) Family Self-Sufficiency program and streamline compliance burdens on smaller Public Housing Authorities.”The Committee will work to identify additional opportunities to improve the efficiency and effectiveness of HUD programs, and will consider updates to Title VI of the Violence Against Women Act,” Crapo said.Additionally, he said that the committee would continue to explore targeted reforms, such as making it easier for consumers to interface with credit bureaus generally and dispute inaccuracies. The committee also plans to reassess the National Flood Insurance Program that has been extended 10 times since last Congress with the latest re-authorization set to expire on May 31. Crapo Puts Housing Finance Reform Front & Center Dodd-Frank EGRRCPA Fannie Mae FHFA Freddie Mac GSEs Housing Finance Reform HUD National Flood Insurance Program Otting Sen Mike Crapo Senate Banking Committee 2019-01-29 Radhika Ojha January 29, 2019 1,110 Views Share
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