Fed: Household Debt Increases

first_imgHome / Daily Dose / Fed: Household Debt Increases The Week Ahead: Nearing the Forbearance Exit 2 days ago Fed: Household Debt Increases in Daily Dose, Featured, Market Studies, News Tagged with: Household Debt Mortgage Debt New York Fed Student Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Comment Period for Amendments to CFPB’s TILA/RESPA Rules Open Until March 16 Next: DS News Webcast: Wednesday 2/18/2015 Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago February 17, 2015 1,281 Views Sign up for DS News Daily Americans stepped up their borrowing in the fourth quarter, with mortgage activity leading other categories.The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014.Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.As student debt rose, delinquencies worsened, with about 11.3 percent at least 90 days past due compared to 11.1 percent at the end of Q3.”Although we’ve seen an overall improvement in delinquency rates since the Great Recession, the increasing trend in student loan balances and delinquencies is concerning,” said Donghoon Lee, research officer at the New York Fed. “Student loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households.”Mortgage originations, measured as appearances of new mortgage balances and refinance mortgages, increased to $355 billion, still low by historical standards, the New York Fed said.Among other findings: both auto loan and credit card debt also increased, rising $21 billion and $20 billion, respectively. Outstanding debt for home equity lines of credit fell, meanwhile, dropping $2 billion to a total of $510 billion.Meanwhile, the number of credit inquiries within six months—tracked as a gauge of demand for consumer credit—increased by 4 million quarter-over-quarter, reaching 175 million. Related Articles Share Save Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Tory Barringer Household Debt Mortgage Debt New York Fed Student Loans 2015-02-17 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

US 4th Fleet and Ecuador Navy Prepare for UNITAS 2020

first_imgBy DVIDS/Edited by Diálogo Staff October 22, 2020 Maritime planners from U.S. Naval Forces Southern Command/U.S. Fourth Fleet and the Ecuadorean Navy conducted a virtual Final Planning Conference (FPC) September 22-25 in support of the upcoming UNITAS LXI exercise, scheduled to occur November 2-11, 2020 in Ecuador.Ecuadorean Navy Rear Admiral Daniel Ginéz, commander of Naval Operations and First Naval Zone, and Rear Admiral Don Gabrielson, commander of U.S. Naval Forces Southern Command/U.S. Fourth Fleet, opened the conference on September 22, thanking participants for their commitment to building a successful proposed schedule of events.More than 60 planners from 11 partner nations, including representatives from the U.S. Navy, U.S. Marine Corps, U.S. Coast Guard and U.S. Army participated in this  conference. The virtual conference finalized the UNITAS LXI concept of operations, completed the tentative schedule of events, and finalized assigned roles and responsibilities.UNITAS LXI is scheduled to have multiple underway events to include maneuvering exercises advancing to coordinated warfare events and culminating with a multi-threat, multi-day scenario that allows participants to work together as a multinational force. Additionally, several live-fire events are scheduled for UNITAS LXI, to include a sinking exercise (SINKEX).“This is the team that will come together and we will celebrate our friendship and our partnership in a meaningful way to demonstrate our commitment to the world in working together […]. I’m grateful for all of the hard work of every person, of every partner, of every leader and every country to come to this point,” said Rear Adm. Gabrielson.UNITAS, Latin for “unity,” is the longest-running, multinational maritime exercise in the world. Conceived in 1959, UNITAS I took place in 1960. UNITAS LXI will focus on interoperability at sea with warfighting exercises, to include live-fire events, that work up to a multi-day scenario phase where participating forces come together to operate as a multinational force.last_img read more

Contacts

first_img1.      Kalysheva Ekaterina        [email protected]      Sue Cullinan                       [email protected]      Andreev A                          [email protected]      Perceva Evgeniya             [email protected]      Lossan Alexey                   [email protected]      Mikhail Sergeev                [email protected]      James Lawrence               [email protected]      Miriam Mannak                [email protected]      Pei Guangjiang                  [email protected]   Yingni Lu                              [email protected]; [email protected]   Nagy Abdel Aziz                [email protected]   Enoch Wambua                [email protected]   Svetlana Voronina           [email protected]   Xuehua Li                             [email protected]   Onyekachi  Wambu         [email protected]   Chris Bishop                       [email protected]   John Battersby                  [email protected]   Thabo Seete                      [email protected]   Yuri Shatalov                      [email protected]   Neo Seloane                      [email protected]   Chantal Wellington          [email protected]last_img read more

Play Your Part episode 10: Get involved

first_imgHere’s how you can get involved with entrepreneurs Bongekile Radebe, Andile Khumalo and Nneile Nkholise, who feature on episode 10 of Play Your Part.Power Business radio host Andile Khumalo is co-owner of the media and communications company, MSG Afrika Group. (Image: Brand South Africa)Brand South Africa reporterAndile Khumalo, who is the founder of MyStartup, an online portal for budding entrepreneurs, is also known for his role as host of the radio show, Power Business, on radio station Power 98.7 FM. He is one of the guests featured on this week’s episode of the Play Your Part television series.Play Your Part episode 10, which screens on Saturday, 18 November 2017 at 18:00 on SABC 2 is hosted by musician Kabelo Mabalane.Here’s how you can get involved with the three guests and their initiatives:Andile KhumaloKhumalo, co-owner of the media and communications company MSG Afrika Group, is part of various initiatives that empower budding entrepreneurs.One of these is I Am An Entrepreneur, which provides workshops for budding entrepreneurs countrywide. They then get access to successful entrepreneurs who teach the startups lessons they have learned on their journeys.Contact detailsWebsite: msg-group.co.za and iamanentrepreneur.co.zaEmail: [email protected]: @IAAE_SA and @Andile_KhumaloBongekile RadebeBongekile RadebeRadebe is a Mandela Washington Fellow and Play Your Part ambassador, who is passionate about women’s empowerment.She is the founder of Taste of Legends, an African tea lifestyle and business network brand that focuses on tribute teas, wellness and boutique tea events.Contact detailsTwitter: @BongiZ_Radebe and @tasteoflegendsNneile NkholiseNneile NkholiseNkholise was named Africa’s top female innovator at the 2016 World Economic Forum on Africa held in Rwanda. She is the founder of iMed Tech, which is incubated at The Innovation Hub.She is also a games designer and has produced word board games such as Minute Words to help in the learning of English as a second language.Contact detailsWebsite: www.likoebeinnovations.com and www.neyneprosthesis.co.zaEmail: [email protected]: @nneilePlay Your Part is broadcast at 6pm on Saturdays on SABC 2.To get involved in playing your part in South Africa:Check out the conversation on Twitter: #GetInvolved; orFind out about initiatives on Play Your Part here.Tell us how you Play Your Part through our social media channels:Follow us on Twitter: @PlayYourPartSA;Follow Brand South Africa on Twitter: @Brand_SA;Like us on Facebook: Official Brand South Africa.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

The hidden costs of writing off new equipment

first_imgShare Facebook Twitter Google + LinkedIn Pinterest During good times, farmers are more likely to make an investment such as purchasing new equipment. But even if the equipment has been written off, there can be hidden costs to owning it further down the line.“When assessing the current equipment on hand, take the time to calculate the principal cost and the interest on a per-acre basis,” said Vince Bailey, vice president credit – agribusiness, Farm Credit Mid-America. “Keeping the big picture in mind is an ideal way to determine the stress an investment may be putting on your operation.”If you have chosen to forgo the tax write-off and depreciate your equipment instead, make sure you continue to keep the principal in mind. Once the equipment has been depreciated, it’s easy to lose track of the fact that the depreciation has become greater than the initial principal.The employees you need are directly tied to the equipment you have, so after reevaluating your operation’s equipment, take the time to assess labor.“Too much or unnecessary equipment will have a trickle-down effect and result in your operation spending more than necessary, Bailey said. “While labor costs will be present on the farm income statement, the cost of unnecessary labor will not be stated.”Fortunately, there are many ratios developed to help you plan for labor, which can be used as a general guide. Depending on the kind of operation you own, these ratios can be based on the number of cattle heads you have or the bushels your operation produces.Pay special attention if you’re making money but your working capital position continues to decline.“If you’re noticing your working capital position or margins declining, take care to assess the depreciation of your equipment and labor costs associated with unnecessary equipment, said Bailey. “There are many costs that can have a negative impact on your balance sheet that may not be apparent if you’re using a tax return to track your operations expenses.”Revisiting the true costs of your equipment and reassessing labor can each go a long way to ensure your operation’s financial health.AUDIO: The Ohio Ag Net’s Ty Higgins visits with Farm Credit Mid-America’s Vince Bailey about the hidden costs of writing off new equipment.Farm Credit Mid America Full Interview Vince Bailey 9.19.16For more financial tips, insights and perspectives from Farm Credit Mid-America visit e-farmcredit.com.last_img read more

Jeter Leads AL Past NL, 5-3

first_imgMINNEAPOLIS — On a summer evening filled with reminders of generational change, the American League maintained nearly two decades of dominance by beating the National League 5-3 in the All-Star game July 15th for its 13th win in 17 years.Derek Jeter soaked up the adulation from fans and players during one more night on baseball’s national stage, setting the tone for the AL with a pregame speech and delivering two final All-Star hits.Mike Trout, perhaps the top candidate to succeed the 40-year-old Yankees captain as the face of the game, seemed ready to assume the role with a tiebreaking triple and later a go-ahead double that earned him Most Valuable Player honors.“I think let Mike be Mike. I don’t think people have to necessarily appoint someone to a particular position,” Jeter said. “He’s got a bright future ahead of him. I don’t know how much better he can get, but if he consistently does what he’s doing, then he will be here for a long time.”Miguel Cabrera hit a two-run homer to help give the AL champion home-field advantage for the World Series.No matter what else happened, from the start it seemed destined to be another special event for Jeter.He made a diving stop on Andrew McCutchen’s grounder to shortstop leading off the game and received a 63-second standing ovation when he walked to the plate before his opposite-field double to right leading off the bottom half.He was given another rousing cheer before his single to right starting the third and 2 1-2 minutes more applause after AL Manager John Farrell sent Alexei Ramirez to shortstop to replace him at the start of the fourth.As Frank Sinatra’s recording of New York, New York boomed over the Target Field speakers and his parents watched from the stands, Jeter repeatedly waved to the crowd, exchanged handshakes and hugs with just about every person in the AL dugout and then came back onto the field for a curtain call.“It was a special moment and it was unscripted,” Jeter said. “I was unaware of it.”NL Manager Mike Matheny of the Cardinals didn’t want it to stop. “The guys on our side have the utmost respect for him and would like to have been standing out there for a little while longer,” he said. “I think Derek was the one that was uncomfortable with it.”While not as flashy as Mariano Rivera’s All-Star farewell at Citi Field last year, when all the other players left the great reliever alone on the field for an eighth-inning solo bow, Jeter tried not to make a fuss and to deflect the attention.Even during his clubhouse speech. “He just wanted to thank us,” Trout said. “You know, we should be thanking him.”A 14-time All-Star who was MVP of the 2000 game in Atlanta, Jeter announced in February this will be his final season. His hits left him with a .481 All-Star average (13 for 27), just behind Charlie Gehringer’s .500 record (10 for 20) for players with 20 or more at-bats.While the Yankees are .500 at the break and in danger of missing the postseason in consecutive years for the first time in two decades, Jeter and the Angels’ Trout gave a boost to whichever AL team reaches the World Series.The AL improved to 9-3 since the All-Star game started deciding which league gets Series home-field advantage; 23 of the last 28 titles were won by teams scheduled to host four of a possible seven games.Detroit’s Max Scherzer, in line to be the most-prized free agent pitcher after the season, pitched a scoreless fifth for the win, and Glen Perkins got the save in his home ballpark.Target Field, a $545 million, limestone-encased jewel that opened in 2010, produced an All-Star cycle just eight batters in, with hitters showing off flashy neon-bright spikes and fielders wearing All-Star caps with special designs for the first time.With the late sunset — the sky didn’t darken until the fifth inning, well after 9 o’clock — there was bright sunshine when Jeter was cheered before his first at-bat.He was introduced by a recording of late Yankees public address announcer Bob Sheppard’s deep monotone. St. Louis pitcher Adam Wainwright left his glove on the mound and backed up toward second, clapping along with the crowd of 41,048.“I tried to tell him to pick it up — let’s go,” Jeter said. “But he took a moment and let the fans give me an ovation which I will always remember.”When Jeter finally stepped into the batter’s box, he took a ball and lined a 90 mph cutter down the right-field line for a double.“I was going to give him a couple pipe shots just to — he deserved it,” Wainwright said. “I thought he was going to hit something hard to the right side for a single or an out. I probably should have pitched him a little bit better.”After those in-game remarks created a stir on the Internet, Wainwright amended himself: “It was mis-said. I hope people realize I’m not intentionally giving up hits out there.”Trout, who finished second to Cabrera in AL MVP voting in each of the last two seasons, became the youngest All-Star MVP, about 3 1-2 months older than Ken Griffey Jr. was in 1992.(RONALD BLUM, AP Sports Writer)TweetPinShare0 Shareslast_img read more

10 months agoMan Utd caretaker boss Solskjaer determined to ‘enjoy the ride’

first_imgAbout the authorPaul VegasShare the loveHave your say Man Utd caretaker boss Solskjaer determined to ‘enjoy the ride’by Paul Vegas10 months agoSend to a friendShare the loveManchester United caretaker boss Ole Gunnar Solskjaer says he’s determined to “enjoy the ride” after taking charge this week.Solskjaer says it’s important for the players to start enjoying their football again.He said, “It’s great. It feels like coming home. It’s been a few whirlwind days. It’s been very hectic. It’s great to see everyone again.””I’m going to enjoy the ride. It’s six months. I’m back home. I’m going to be myself.”The club is running a process to find the next manager so I’m going to be myself in the meantime with Mick, Kieran and Michael.”We’ll get the players enjoying their football again.”Solskjaer added: “We’ve got a great set-up. The analysts were watching Cardiff this morning. I’ve seen the teams, I watch the Premier League.”It’s about us though, not the opposition. We want to see the players express themselves. Our main focus is us, the opposition comes later.” last_img read more

10 months ago​Watford loanee Lukebakio nominated for Bundesliga award

first_imgAbout the authorAnsser SadiqShare the loveHave your say ​Watford loanee Lukebakio nominated for Bundesliga awardby Ansser Sadiq10 months agoSend to a friendShare the loveWatford loanee Dodi Lukebakio has continued to impress on loan at Fortuna Dusseldorf.His performances in recent weeks have earned him a nomination for the Rookie of the Month award in Germany.He has been in great form all season, netting a hat trick against Bayern Munich and scoring against Borussia Dortmund as well.The 21-year-old has seven goals in 15 appearances for Fortuna this season.There is hope he will be back with Watford for next season. last_img read more

Photo: Amari Cooper’s Name Has Been Added To The First-Team All-American Wall At Alabama

first_imgAmari Cooper named first team all american.Amari Cooper’s time at Alabama has come to an end, as the wide receiver is headed to the NFL, but the former star will be forever remembered inside the Crimson Tide’s facility. The 6-foot-1, 210-pound wideout is one of the greatest wide receivers in Alabama history, so it’d be pretty tough to forget him, but that won’t be possible now, anyway. Cooper’s name has been etched into the first-team All-American wall inside the Crimson Tide’s facility, next to the other wide receivers who accomplished similar greatness. Cooper finished his Alabama career with 3,463 receiving yards and 31 touchdowns. He’s expected to be an early-to-mid first-round pick in the upcoming NFL Draft.last_img read more

Bringing an end to sex discrimination

first_imgAPTN InFocus In this episode we put Bill S-3 In Focus.That’s the legislation currently in front of the Senate that, if passed, will end sex discrimination in the Indian Act.Its aim is to restore full legal status to First Nations women and their children who were not eligible before.When that happens, thousands of people will become eligible for Treaty status.Reporter Todd Lamirande gave us an explanation as to what it means right now, and where the bill still has to go.And Jeannette Corbiere-Lavell came in studio to talk about the very first court case she launched challenging sex discrimination in the Act 47 years ago.Chief Rick O’Bomsawin of Odanak at the Akamaki First Nation in Quebec weighed in on the current court cases.And Donna Partridge joined us from Big Island Lake Cree Nation in Saskatchewan to talk about her struggles in getting her status.It’s a discussion not going away anytime soon, and it’s a discussion worthy of continuing.Subscribe to the APTN InFocus podcast below:last_img read more